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HomeMy Public PortalAboutFY_2008_Capital_Improvement_Program 000 0000 00000 0000 Capital Improvement Program 0000 000 FY2008-2012 7 IeCS31 Ir rit.!F • r hw To download this presentation, visit our website: r • • • • • • • • • • • • Capital Improvement Program Overview 0000 p p g • • • • • Capital Improvement Program (CIP) includes all known capital needs, regardless of the funding source. FY08 General Fund CIP: $92,6085000 Bonding requirement: $2353365500 FY08 Water & Sewer Ent. Funds CIP: $8,8995000 Bonding requirement: $473772000 The funding source of $3,758,000 of the CIP has not been determined. 2 • • • • • • • • • • • • Capital Improvement Program Overview : : : : p p g • • • • • CI P Activity in FY2007: Date Action Purpose Amount June 27, 2006 Loan order Fire, Police, DPW equipment and Skating Arena ice resurfacer $1,385,000 July 11, 2006 Transfer of Funds School building improvements, inc HS gymnasium stands $ 510,700 March 27, 2007 Loan order Police facility design services $1,100,000 In June, 2007 a Proposed Loan Order will be brought forward for the following items: I Purpose I Amount Administration Building Improvements, inc. int. painting $ 579,300 School Building Improvements (Summer 2007) $ 300,000 Senior Center Improvements (HVAC & Painting) $ 109,800 Fire Alarm Underground Duct $ 300,000 Public Works Equipment $ 205,000 TOTAL: $ 1/494/ 100 3 • • • Capital Improvement Program Overview 00000 • • • • • • • • • • • • • Items to Note: • • • • ❖ Facilities Assessment Study in FY08 (last one in 1999) ❖ NESWC restructuring of monies to allow annual $500,000 transfer through Fiscal Year 2012 ❖School Capital projects totaling $46,380,700 since 1995 to continue with an additional $300,000 in summer of 2007, with further discussion of a future funding source in FY09 and forward ❖Street & Sidewalk 5 year capital improvements of $64,063,200, an increase from the FY07 amount of $24,371 ,600; funding included for a Roadway Management Study ❖Town Capital Projects includes $100,000 for recreational playground improvements & $300,000 for improvements to Town buildings upon completion of the Facilities Assessment 4 Study • • • • • • • • • • • • : : 0 :Capital Improvement Program Overview • • • • • In addition to the above mentioned Capital Projects and items, respectfully recommend discussion with the Honorable Town Council on the following items: ❖Structured Parking in Watertown Square ❖Additional Parking Needs ❖ Reuse of Town Buildings *.** Records Storage ❖Victory Field Complex 5 • • • • • • • • • • • • FY2008-2012 CIP Funding Sources Summary ; ; ; ; , (In thousands) 0000 Description TOTALS FY2008 FY2009 FY2010 FY2011 FY2012 BONDS Equipment 2,542.0 _ 717.0 901.0 69.0 710.0 145.0 Remodeling 20,794.5 14,394.5 5,750.0 650.0 0.0 0.0 BOND TOTAL 23,336.5 15,111.5 6,651.0 719.0 710.0 145.0 OTHER Chapter 90 Funds 1,030.1 165.4 173.6 182.3 297.2 211.6 Street Bonds 46,400.0 4,000.0 4,000.0 4,000.0 4,000.0 30,400.0 Sidewalk Bonds 11,600.0 1,000.0 1,000.0 1,000.0 1,000.0 7,600.0 Tax Revenue 6,483.3 905.1 963.9 932.6 965.2 2,716.5 To Be Determined 3,758.0 2,085.0 400.0 583.0 370.0 320.0 OTHER TOTAL 69,271.4 8,155.5 6,537.5 6,697.9 6,632.4 41,248.1 TOTAL 92,608.0 23,267.0 13,188.5 7,417.0 7,342.4 41,393.1 6 000 0000 00000 0000 FY2008-2012 CIP Departmental Summary 00000 0000 (In thousands) DEPARTMENT TOTALS FY2008 FY2009 FY2010 FY2011 FY2012 jAdministration 2,065.0 2,065.0 l Community Development 4,000.0 4,000.0 Data Processing 558.0 85.0 100.0 283.0 70.0 20.0 Fire 1,500.5 299.5 518.0 66.0 551.0 66.0 Police 141242.3 10,215.0 3,940.3 29.0 29.0 29.0 Public Works 2,881.0 648.0 1,031.0 745.0 236.0 221.0 Recreation 1,945.0 100.0 1,495.0 150.0 100.0 100.0 School 1,200.0 0.0 300.0 300.0 300.0 300.0 Senior Center 115.0 10.0 10.0 10.0 75.0 10.0 Skating Arena 38.0 38.0 Streets & Sidewalks 641063.2 51806.5 5,794.2 51834.0 5,981.4 40,647.1 TOTAL 92,608.0 23,267.0 13,188.5 71417.0 71342.4 41,393.1 FY2008 & FY2009 Bond by Department FY2008 Bond Amount Bondable FY2009 Bond Bondable DEPARTMENT DESCRIPTION (thousands) Years Amount (thousands) Years Community Development Wat. Sq. Structured Parking 4,000.0 20 Fire Main Station Renovations 94.5 10 Pumper Truck Replacement 441.0 15 DOT Type 3 H.D. Ambulance Repl 175.0 10 Police Building Project 10,000.0 20 3,900.0 20 Mobile Data System 186.0 5 Public Works Central Motors Service Truck 55.0 5 Property/Building Underground Duct for Fire Alarm 300.0 20 300.0 20 Fire Alarm Bucket Truck 110.0 5 Fire Alarm Service Van 24.0 5 Highway Street Sweepers 135.0 5 Front End Loader 150.0 5 Parks Victory Field Lighting 200.0 15 Fillipello Park Lighting Imp. 160.0 15 Swap Loader 65.0 5 Tractor/Loader 34.0 5 Recreation Victory Athletic Field Artificial Turf 1,250.0 15 Padding Outfield Wall @ Victory 45.0 10 Cunniff School Field 100.0 10 Skating Arena Pickup Truck with plow 38.0 5 Streets & Sidewalks Highway reconstruction 4,000.0 20 4,000.0 20 Sidewalk reconstruction 1,000.0 20 1,000.0 20 TOTA L 20,111.5 11,651.0 8 . . . . . . . 00000 FY2008-2012 CIP Funding Source 0000 - . . . . . To Be Determined " " AMOUNT DEPARTMENT DESCRIPTION (thousands) Administration Renovations - Branch Library Buildings 21,000.0 Data Processing GIS & Improvements 558.0 School Various School Improvements 1,200.0 TOTAL 3,758.0 9 0 * 0 0000 00000 Debt Activity Detail : June 30, 2007 Balances 0000 00000 • • • • 0000 FY1998 Bond Issue $ 4,410,000 (School Override) FY1999 Bond Issue School Override $ 71205,000 Refunding FY88 Bond Issue $ 160,000 Other $ 1,0251000 Subtotal FY1999 Bond Issue $ 81390,000 FY2001 Bond Issue $ 31110,000 FY2004 Bond Issue $ 11970,000 FY2004 Bond Issue $5,263,000 (see $3,000,000 funded by Enterprise) $ 11170,000 FY2005 Bond Issue $ 14,255,000 2006 Bond Issue $ 3,465,000 TOTAL $ 36,770,000 10 • • • • • • • Debt Activity Detail : ; ; ; ; ' Budgeted FY2008 Bond Payments : : : : ' Bond Issue • • FY1998 Bond Issue $ 405,000 (School Override) FY1999 Bond Issue School Override $ 655,000 Refunding FY88 Bond Issue $ 160,000 Other $ 95,000 Subtotal FY1999 Bond Issue $ 910,000 FY2001 Bond Issue $ 340,000 FY2004 Bond Issue $ 175,000 FY2004 Bond Issue $5,263,000 (see $3,000,000 funded by Enterprise) $ 360,000 FY2005 Bond Issue $ 855,000 2006 Bond Issue $ 505,000 TOTAL PERMANENT DEBT $ 3,550,000 " 0 * 0 0000 00000 0000 00000 Projected Debt Principal Totals: June 30, 2008 : 0 : 0 Description Amount ,Total Permanent Debt $ 33,220,000 Authorized BAN Debt Library $ 643,000 Authorized Bond Debt Police Building Design Services $ 111001000 TOTAL $ 34,963,000 Planned debt is not included in this projection. 12 • • • • • • • • • • • • • • • • • • • • • FY2007-2011 CIP Debt and Interest : : : : Description FY2007 FY2008 FY2009 FY2010 FY2011 Perm. Debt & I nt. $ 5,041,972 $ 5,029,688 $ 4,715,742 $ 4,277,128 $ 4,099,222 Police Station Project $ 37,500 $ 469,500 $ 1,170,000 $ 1,528,200 $ 1,486,650 Planned Debt & I nt. - Town $ 450,750 $ 627,014 $ 2,215,830 $ 3,814,960 $ 5,026,330 Planned Debt & Int. - School $ 190,241 $ 213,500 $ 105,000 $ - $ - Cost of Cert. Bonds $ 36,000 $ - $ 36,000 $ 36,000 $ 36,000 TOTAL $ 5,756,463 $ 6,339,702 $ 8,242,572 $ 9,656,288 $ 10,648,202 13 • • • • • • • • • • • • • • • • • • • • • FY2008-2012 Permanent Debt (page 1 of 2) : : : : PERMANENT DEBT FY2OO8 FY2OO9 FY2O1O FY2O11 FY2O12 FY98 Bond (School) Prin (8,055,000) 405,000 405,000 400,000 400,000 400,000, L/T Interest 214,059 1941720 175,200 1551400 135,300 Subtotal I 619,059 599,720 575,200 555,400 535,300 FY99 Bond Prin (16,725,000) 750,000 750,000 750,000 750,000 750,000 L/T Interest 347,820 317,070 286,133 254,633 222,383 Subtotal 11097,820 11067,070 11036,133 11004,633 972,383 FY99 Refunding Prin (1,840,000) 160,000 L/T Interest I 3,280 Subtotal 163,280 0 01 0 0 FY00 Bond (Nov 00) Prin (6,938,000) 340/0001 340,000 340,000 340,000 335,000 L/T Interest 146,025 129,535 1121790 96,045 79,425 Subtotal 486,025 469,535 452,790 436,045 414,425 14 • • • • • • • • • • • • • • • • FY2008-2012 Permanent Debt (page 2 of 2) 00000 9 • • • PERMANENT DEBT FY2008 FY2009 FY2010 FY2011 FY2012 FY04 Bond (Nov 03) Prin (4,103,000) 1751000 1751000 1751000 1751000 175,000 L/T Interest 711525 661275 611025 54,900I 471900 ,Subtotal 246,525 241,275 236,025 229,900 222,900 FY04 Bond (Mar 04) Prin (2,263,000) see W&S 360,000 360,000 50,000 50,000 50,000 L/T Interest see W&S 30,880 22,780 15,400 14,088 121650 Subtotal 390f880 382,780 65,400 64,088 62,650 FY05 Bond (Nov 04) Prin (15,965,000) 855,000 855,000 855,000 800f000 800,000 L/T Interest 527,244 503,732 479,150 453,326 426,725 Subtotal 1,382,244 1,358,732 1,334,150 1,253,326 11226,725 FY07 Bond (Nov 06) Prin (3,465,000) 505,000 480,000 480,000 480,000 300,000 L/T Interest 138,855 1161630 97,430 751830 55,955 Subtotal 643,855 596,630 577,430 555,830 355,955 SUBTOTAL PERMA DENT DEBT Principal 3,550,000 3,365,000 3,050,000 2,995,OOOI 2,810,000 L/T Interest 11479,688 1,350f742 1,227,128 1,104,222 980f338 15 TOTAL PERMANENT DEBT 5,029,688 4,7151742 4,277,128 4,099,222 3,790,338 • • • • • • • • • • • • • • • • • • • • • FY2008-2012 Authorized Bond and BAN Debt : : : : AUTHORIZED BOND AND BAN DEBT FY2008 FY2009 FY2010 FY2011 FY2012 FY06 BAN (May/June 06 Prin 643 000 Library 43,000 40,000 35,000 35 000 L/T Interest (5%) 141125 27 250 25,3751 23,625 S/T Interest (4.5%) 351294 28,935 0 01 0 Subtotal 35,294 86,060 67,250 60,375 58,625 FY07 BOND (May/June 07 Prin 1 00,000) Police Plans 1 420,0001 136,000 136,000 136,000 136,000 L/T Interest (5%) 34,000 27,200 20,400, 13,600, S/T Interest (4.5%) 491500 0 0 01 0 Subtotal 469,500 170,000 163,200 156,400 149,600 16 • • • • • • • • • • • • • • • • • • • • • FY2008 - 2012 Planned Debt (page 1 of 3) : : : : PLANNED BOND DEBT FY2008 FY2009 FY2010 FY2011 FY2012 FY07 BOND (May/June 07) Prin (1,494,100) 07 schedule 598,800 310,100 205,100 200,100 86,000 L/T Interest (5%) 39,765 29,260 19,005 9,000 S/T Interest (4.5%) 671235 41500 0 0 0 Subtotal 666,035 354,365 234,360 219,105 95,000 i FY08 BOND (May 08) Prin (6,111,500) See schedule 0 1,175,500 1,206,000 1,201,000 1,195,000 L/T Interest (5%) 0 298,875 2461800 186,500 126,450 �S/T Interest (4.5%) 139,185 6,030 0 0 0 Subtotal 139,185 1,480,405 1,452,800 1,387,500 1,321,450 FY08 BOND (May 08) Prin (10,000,000) Police Building 0 500,000 500,000 500,000 500,000 L/T Interest (5%) 0 500,000 475,000 450,000 425,000 S/T Interest (4.5%) 0 0 01 0 0 Subtotal 0 11000,000 975,000 950,000 925,000 i FY08 BOND (May 08) 1 Prin (4,000,000) Parking Structure 0 200,000 200,000 200,000 200,000 L/T Interest (5%) 0 200,000 190,000 180,000 170,000 S/T Interest (4.5%) 0 0 0 0 0 Subtotal 0 400,000 390,000 380,000 370,000 17 • • • • • • • • • • • • • • • • • • • • • FY2008 - 2012 Planned Debt (page 2 of 3) : : : : PLANNED BOND DEBT FY2008 FY2009 FY2010 FY2011 FY2012 FY09 BOND (May 09) Prin (3,900,000) Police Building 0 0 195,000 195,000 195,000 L/T Interest (5%) 0 0 195,000 185,250 175,500 S/T Interest (4.5%) 0 0 0 0 0 Subtotal 0 0 390,000 380,250 370,500 FY09 BOND (May 09) Prin (6,141,000) See schedule 0 0 1,163,000 1,157,000 1,157,000 L/T Interest (5%) 0 0 307,050 248,900 191,050 S/T Interest (4.5%) 0 0 0 0 0 Subtotal 0 0 1,470,050 11405,900 11348,050 FY09 BOND (May 09) Prin (1,610,000) Victory & Filippello 0 0 120,000 120,000 120,000 L/T Interest (5%) 0 0 80,500 74,500 68,500 S/T Interest (4.5%) I 0 0 0 0 0 Subtotal 0 0 200,500 194,500 188,500 FY10 BOND (May 10) Prin (5,719,000) 0 0 0 1,093,000 1,094,000 L/T Interest (5%) 0 0 0 285,950 231,300 S/T Interest (4.5%) 0 0 0 0 0 Subtotal 0 0 0 11378,950 11325,300 18 • • • • • • • • • • • • • • • • • • • • • FY2008 - 2012 Planned Debt (page 3 of 3) : : : : PLANNED BOND DEBT FY2008 FY2009 FY2010 FY2011 FY2012 FY11 BOND (Ma 11 Prin (5,710,000) 0 0 0 0 11070,000 L/T Interest 5% 0 0 0 0 285,500 S/T Interest (4.5%) 0 0 0 0 0 Subtotal 0 0 0 0 1,355,500 Total Planned GF Debt Principal 11018,800 21364,600 E765,100 4837100 5 788 000 Long Term Interest 0 1086 765 8 060 1 675 880 11719,525 Short Term Interest 2911214 39,465 0 0 0 TOTAL 11310,014 3,490,830 51343,160 61512,980 71507,525 TOTAL PERMANENT & PLANNED 6,339,702 81206,572 9,620,288 10,612,202 11,297,863 19 • • • • • • • • • • • • • • • • • • • • • FY2007-2011 CIP Debt and Interest : : : : Description FY2007 FY2008 FY2009 FY2010 FY2011 Perm. Debt & I nt. $ 5,041,972 $ 5,029,688 $ 4,715,742 $ 4,277,128 $ 4,099,222 Police Station Project $ 37,500 $ 469,500 $ 1,170,000 $ 1,528,200 $ 1,486,650 Planned Debt & I nt. - Town $ 450,750 $ 627,014 $ 2,215,830 $ 3,814,960 $ 5,026,330 Planned Debt & Int. - School $ 190,241 $ 213,500 $ 105,000 $ - $ - Cost of Cert. Bonds $ 36,000 $ - $ 36,000 $ 36,000 $ 36,000 TOTAL $ 5,756,463 $ 6,339,702 $ 8,242,572 $ 9,656,288 $ 10,648,202 20 0 * 0 0000 00000 0000 00000 0000 Thank You i 7 y1 �' K- 4 f s