2021-25 Capital Improvement Plan

20,000,000

Capital Improvement Fund ‐ Cash Flow with 2021 bond issue ($4.1 million)

15,000,000

10,000,000

5,000,000

 ‐

2021 Projected, $(478,451)

(5,000,000)

2021 Projected, $(4,225,549)

(10,000,000)

(15,000,000)

2017 Actual

2018 Actual

2019 Actual

2020 Projected

2021 Projected

2022 Projected

2023 Projected

2024 Projected

2025 Projected

Expenditures

Cash Balance  ‐ December 31

Cash Balance  ‐ Without Bond Sale

*Includes a proposed Capital Improvement Bond issued of $4.1 million as a funding source for projects listed in the fund. The proposed bond issue would be repaid with a combination of property tax dollars and special assessments. If approved, the additional required debt levy of approximately $200,000 would first occur in 2022. Cash flow projections include the bond proceeds and a reduction for special assessment revenues which will be deposited in a debt service fund for bond repayments.

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