Capital Improvement Plan 2019 – 2028 Capital Improvement Plan August 28, 2018

Why Do A Capital Improvement Plan Helps promote financial sustainability Creates transparency Strategic Plan Comprehensive Plan Capital Improvement Plan Debt Management Plan Long-Term Financial Plan

What is a Capital Improvement Plan Identifies Project Justification Timeframe Funding Source

Timeline of the Capital Improvement Plan May -Departments begin planning process July-Budget completed with CIP projects August-Presentation to City Council November-Utility CIP completed for rate analysis December – Budget, CIP, and Utility Rates adopted

2019 – 2028 Proposed Capital Improvement Plan $73,199,032 By Funding Source By Expenditure Source

2019 – 2028 Fleet Replacement Fund $7,804,900

2019 – 2028 Non-Fleet Replacement Fund $11,250,100

2019 – 2028 IT Replacement Fund $2,419,200

2019 – 2028 Pavement Management Replacement Fund $1,929,700

2019 – 2028 Water $12,112,900

2019 – 2027 Sewer $3,107,100

2019 – 2028 Storm Sewer $5,049,000

2019 – 2028 Street Lights $642,000

2019 – 2028 Street Improvements $25,212,032 (2025 – 2028 Mill & Overlay Costs Included)

2019 – 2028 Park Improvements Central Park – 2019 $775,000 East Park – 2020 $2,000,000 Tracking to provide a funding mechanism for future parks in the New Brighton Exchange Park concepts prepared and presented to Council in 2008 by consultants - Stantec Community engagement process proposed to review parks

Financial Plan

2019 – 2028 Debt Management Plan

2017 Survey Results

2019 Property Tax $9,513,110-Change $851,940 or 9.84%

2019 Property Tax $9,512,110-Change $851,940 or 9.84%

Health Insurance Costs Increasing City contribution by 8% 15% of total premium increase in 2019 covered by employees/85% by City Cost of employee premium share increasing by $17,447 Percentage of premium covered by employee remaining constant from 2018 to 2019

2017 Survey Results

2018 Property Tax Comparisons with Proposed 2019 & Projected 2028

Total 2019 – 2028 CIP $73,199,032

Next Steps September 4 – Council Work Session Further budget discussion September 11 Council work session for further budget discussion if needed Preliminary levy to be adopted at Council Meeting December 12 – Council Meeting 2019 Public Hearing 2019 budget, CIP, and Utility Rates to be adopted

Comments/Questions