HomeMy Public PortalAbout01-11-2011 CIP reportMichael J. Driscoll
Town Manager
TOWN OF
WATERTOWN
Office of the Town Manager
Administration Building
149 Main Street
Watertown, MA 02472
Phone: 617-972-6465
Fax: 617-972-6404
www.watertown-ma.gov
townmgr@watertown-ma.gov
To: Honorable Town Council
From: Michael J. Driscoll, Town Manager
Date: January 11, 2011
RE: Fiscal Year 2012-2016 Capital Improvement Program
Pursuant to the provisions of the Watertown Home Rule Charter and the attached Town Council
Resolution on the Fiscal Year 2012 Budget Process, I herewith present the Proposed Fiscal Year
2012-2016 Capital Improvement Program (CIP).
The Proposed Fiscal Year 2012-2016 General Fund CIP totals $86,279,700, of which $27,290,500
is the bonding requirement. Street and Sidewalk bonds of $38,000,000 listed in Fiscal Year 2016
are not included in the bonding requirement. The funding source of $13,045,000 of the CIP has
not been determined.
The following are the projects/items with the funding source to be determined (TBD).
• Watertown Square Structured Parking $5,000,000
• Coolidge Square Design & Renovation $3,000,000
• Former East Branch Renovation/Reuse $1,500,000
O Former North Branch Renovation/Reuse $1,100,000
O Information Technology Improvements $ 600,000
• Former Police Facility Renovation/Reuse $ 600,000
• School Building Improvements (Energy Related) $ 461,000
• Multi -Service Center Renovation $ 250,000
• Skating Arena Boiler & Compressors Replacement (Energy Related) $ 175,000
• Administration Building Improvements (Energy Related) $ 175,000
• Comprehensive Master Plan Development $ 100,000
• Record Storage (without building improvements) $ 68,000
• Fire Building Improvements (Energy Related) $ 16,000
TOTAL: $13,045,000
1
The CIP includes all known capital needs, regardless of the source of funding. During Fiscal Year
2008, in accordance with one of the Honorable Town Council's Budget Policy Guidelines,
funding was included to obtain a Facilities Assessment Study. The Architecture firm of B. Goba
& Associates completed the Facilities Assessment Study of nineteen buildings and provided.
recommendations for repairs and maintenance over the next ten years totaling $14,539,546. The
Study has been utilized in the development of the Fiscal Year 2012-2016 CIP and will serve as a
guide to allocate monies for ongoing maintenance.
Fiscal Year 2011 Proposed Loan Orders
As you recall, the Fiscal Year 2011 Budget Message dated April 27, 2010 stated Proposed Loan
Orders would be brought forward for various Capital items contained in the Fiscal Year 2011 CIP
during Fiscal Year 2011. The acquisition of the proposed items is consistent with one of the
Honorable Town Council's priorities of not deferring maintenance and/or recognition of costs of
capital equipment, facilities and infrastructure to future years. The items that were to be included
in the Proposed Loan Orders are as follows:
• Street & Sidewalk Improvements $2,500,000
• Victory Field Improvements $2,000,000'
• Recreational Field Improvements $ 645,000
• School Building Improvements $ 600,000
• Public Works Equipment $ 551,000
• Fire Alarm Underground Duct $ 300,000
• Ambulance $ 209,000
• Administration Buildings Improvements $ 175,000
• Fire Buildings Improvements $ 153,000
• Information Technology $ 130,000
• Senior Shuttle Bus $ 95,000
• Skating Arena Improvements $ 25,000
TOTAL: $7,383,000
The following is the revised list of items contained in the Fiscal Year 2011 CIP. A Proposed Loan
Order will be brought forward subsequent to the Honorable Town Council's adoption of
conceptual recommendations on the Fiscal Year 2012-2016 Capital Improvement Program.
• Victory Field Improvements $3,100,0002
• Recreational Field Improvements $ 200,000
• School Building Improvements $ 600,000
• Public Works Equipment $ 527,000
• Fire Alarm Underground Duct $ 300,000
• Ambulance $ 209,000
• Administration Buildings Improvements $ 100,000
• Fire Buildings Improvements $ 138,000
• Information Technology $ 40,000
• Senior Shuttle Bus $ 110,000
TOTAL: $5,324,000
Project cost is $4M with $2M from fundraising/grants.
2 Project cost and will include fundraising monies.
2
School Capital Projects
Since 1995, the Honorable Town Council has appropriated $48,518,700 in Loan Order
authorizations and additional transfer of funds for the renovating, expanding and equipping of all
the schools.
In an effort to protect that investment, the Fiscal Year 2012-2016 CIP includes funding of various
school improvements totaling $3,681,000 over the next five years including $800,000 in Fiscal
Year 2012, of which $570,000 will be included in a future loan order and $200,000 related to
technology will be funded within the School Department's operating budget.
As previously mentioned and as stated in the Fiscal Years 2009 and 2010 Budget Messages,
beginning in Fiscal Year 2011 Technology will be funded within the School Department's
operating budget.
Street and Sidewalk Improvements
Street and sidewalk maintenance is one of the top priorities in the Honorable Town Council's
Fiscal Years 2009 through Fiscal Year 2012 Budget Policy Guidelines. Within the Fiscal Year
2012-2016 CIP, $58,080,300 is designated for street and sidewalk improvements. The Fiscal
Year 2011 General Fund Budget includes $684,254 to augment projected Chapter 90 monies.
Beginning in Fiscal Year 1999 and including Fiscal Year 2011, the Honorable Town Council has
approved $7,232,613 for the Street and Sidewalk Improvements appropriation, an average of
$556,355 for each of the thirteen fiscal years.
Funding was included in the Fiscal Year 2008 Budget to obtain a Roadway Management Study.
The draft study indicated spending in year one of $7.3 million; year two of $6.3 million; and year
three of $5.5 million would provide a tremendous increase in the quality of the Town's roads and
sidewalk.
Given the fiscal constraints facing the Town and the Honorable Town Council's conceptual
recommendation regarding Street and Sidewalk Improvements, the Honorable Town Council
authorized a Loan Order on June 24, 2008 totaling $5,300,000 to fund Street and Sidewalk
Improvements and Underground Duct for Fire Alarm contained in the Fiscal Year 2008 CIP.
The proposed future loan orders for Street and Sidewalk Improvements will be $2,500,000 in
Fiscal Year 2012, $5,000,000 in Fiscal Year 2013, $2,500,000 in Fiscal Year 2014 and $5,000,000
in Fiscal Year 2015.
Energy Services Company (ESCO) Project
As previously stated in the Fiscal Year 2011 Budget Message, the Town has issued an Energy
Management Services Request for Qualifications (RFQ). Three Energy Services Company
(ESCO) firms submitted responses, participated in an exercise to sample their approach to audit
and assessment of a specific building, and were interviewed by the Committee. The Energy
Services Company (ESCO) is the provider of Energy Management Services that will conduct an
Investment Grade Audit (IGA) of the Town buildings and create a baseline of energy consumed
and projected savings achievable by investing in improvements to the energy and water systems.
Once the Investment Grade Audit (IGA) is complete, the ESCO will meet with the Town to review
the results of their findings, evaluate energy saving opportunities and consider the recommended
improvements paid through energy savings with various funding options for the construction and
3
installation of the improvements to systems such as heating, ventilation, lighting, water, and
electrical controls.
Building Improvements that are energy related have a funding source to be determined (TBD) in
the Fiscal Year 2012-2016 CIP pending completion of the Investment Grade Audit.
The overall intent of the project will provide for major energy and water savings retrofits which
will occur in a relatively short period of time to reduce energy use by 20% in five years.
CLOSING
In addition to all of the above mentioned Capital Projects, I respectfully recommend discussion
continue with the Honorable Town Council on the following items:
• Reuse of Town Buildings
• Record Storage
• Recreation and Open Space Improvements/Opportunities
• Structured Parking Watertown Square
• Additional Parking needs
Discussions will need to be held regarding integrating additional improvements in Fiscal Years
2012-2016 and, at the same time, looking to identify how best to fund these improvements. I look
forward to working with the Honorable Town Council in their adoption of conceptual
recommendations on the Fiscal Year 2012-2016 Capital Improvement Program.
Cc: Honorable School Committee
Honorable Library Board of Trustees
All Department Heads
4
ELECTED OFFICIALS:
Mark S. Sideris,
Council President
Stephen P. Corbett,
Vice President
John A. Donohue,
Councilor At Large
Susan G. Falkoff,
Councilor At Large
Anthony Palomba,
Councilor At Large
Angeline B. Kounelis,
District A Councilor
Cecilia Lenk,
District B Councilor
Vincent J. Piccirilli, Jr.,
District C Councilor
John J. Lawn, Jr.,
District D Councilor
Watertown Town Council
Administration Building
149 Main Street
Watertown, MA 02472
Phone: 617-972..6470
Resolution# /� R-2010- 7f
Resolution on the Fiscal Year 2012 Budget Process.
WHEREAS: Article 5 of the Watertown Home Rule Charter sets out a process
for the development and adoption of the annual operating budget and capital
improvement program; and,
WHEREAS: As the Town Council wishes to establish a timeline, consistent
with the Charter, by which it will provide policy guidance to the Town Manager
on the development of the budget and capital improvement program; and,
WHEREAS: Such a timeline will also give town residents notice of their
opportunity to offer input on these important financial matters;
NOW THEREFORE BE IT RESOLVED: That the Town Council of the City
known as the Town of Watertown establishes the following timeline for the
development of the Fiscal Year 2012 operating budget and capital
improvement program:
1. The Fiscal Year 2012 Preliminary Budget Overview will be presented to the
Town Council on October 26, 2010.
2. The Town Council will adopt its Fiscal Year 2012 Budget Policy Guidelines by
December 14, 2010.
3. The proposed Fiscal Year 2012-2016 Capital Improvement Program will be
presented to the Town Council by January 11, 2011.
4. The Town. Council will adopt its conceptual recommendations on the Fiscal
Year 2012-2016 Capital Improvement Program by March 8, 2011 subject to
the availability of funds.
I hereby certify that at a regular meeting of the Town Council for which a
quorum was present, the above Resolution was adopted by voice vote on
Septer er 28, 2010.
alerie Papas, Council Clerk Mark S. Sideris, Council President
FY2012 C apital Impr ovement Plan General Fund 1.10.11
A
B
C
D
G H
I
J
K
L
M
N
0
P
1
ITEM
TOTALS
FY'12
FY'13
FY'14
FY'15
FY'16
2
3
GENERAL FUND
4
ADMINISTRATION
5
10
Administration Building Reno vations
180.0
100.0
TBD
20.0
TR
20.0
TR
20 .0
TR
20.0
TR
6
10
Emergency Generator
75.0
75 .0
TBD
7
5
Record Storage (w/o bldg improvements)
68.0
68.0
TBD
8
20
Renovation/Reuse Former Polic e Facility
600 .0
600.0
TBD
9
20
Multi -Service Center Ren ovation
250 .0
250.0
TBD
10
20
Reno vation/Reuse former East Branch
1,500.0
1,500.0
TBD
11
20
Renovation/Re use former North Branch
1,100.0
1,100.0
TBD
12
ADMINISTRATION SUBTOTAL
3,773.0
3,693 .0
20.0
20 .0
20.0
20 .0
13
14
COMMUNITY DEVELOPMENT
15
5
Comprehensive M aster Plan Development
100 .0
100 .0
TBD
16
20
Coolidge Square Design & Renovation
3,000 .0
3,000 .0
TBD
17
20
Watertown Square Structured Parking
5,000.0
5,000.0
TBD
18
COMMUNITY DEVELOPM ENT SUBTOTAL
8,100 .0
100 .0
3,000 .0
5,000.0
0.0
0 .0
19
20
INFORM ATIO N TECHNOLOGY
21
5
GIS (Assessors Office & DP)
150.0
50.0
BE
50 .0
BE
50.0
BE
22
10
Data Center Needs
170.0
170 .0
TBD
23
5
Network Attached Storage and Servers
60.0
60.0
BE
24
5
Telephone Syste m
350. 0
350.0
TBD
25
5
Automated Cash Drawer Software & Equip.
0.0
26
5
Document Management Server / Security
80.0
80 .0
TBD
27
5
Infrastructure Hardware - Munis Server
40.0
40.0
BE
28
INFORMATION TECHNOLOGY SUBTOTA
850. 0
670.0
130 .0
50.0
0.0
0.0
29
30
FIRE DEPARTMENT
31
10
Main Station Renov ations
6. 0
6.0
TBD
32
10
North Station Renovations
5. 0
5. 0
TBD
33
10
East Station Renovations
5.0
5. 0
TBD
34
15
Pumper Truck repla cement
515.0
515.0
BE
35
10
DO T Type 3 H. D. Ambulance - Repl.
0.0
36
15
Comparator
15. 0
15. 0
BE
37
Equipment replacement
100. 0
20. 0
TR
20.0
TR
20 .0
TR
20.0
TR
20.0
TR
38
Chief's, Deputy's & staff vehicles (4)
70.0
35.0
TR
35 .0
TR
TR
39
Replace Turnout Protective Gear
40. 0
8.0
TR
8.0
TR
8.0
TR
8.0
8 .0
TR
40
FIRE DEPARTM ENT SUBTOTAL
756. 0
574. 0
63.0
28.0
63.0
28 .0
GENERAL FUND
Page 1 of 4
FY2012 Capital Improvement Plan General Fund 1 .10 .11
A
B
C
D G
H
I
J
K
L
M
N
0
P
41
42
FY '12
FY '13
FY'14
FY'15
FY'16
43
LIBRARY
44
15
Slate Roof Replacement
325.0
325.0
BR
45
15
Building Updates (carpet, entrance/exit, paint)
300 .0
100 .0
BR
100.0
BR
50 .0
BR
50 .0
BR
46
LIBRARY DEPART MENT SUBT OTAL
625 .0
0 .0
425.0
100 .0
50.0
50.0
47
48
POLICE DEPARTMENT
49
5
In Cruiser Video System
54.3
54 .3
BE
50
5
Tactical Bullet Proof Vests
12 .6
12.6
BE
51
5
Automatic Lice nse Plate Reader (2)
33 .9
33.9 '.TR
52
5
Speed Fee dback Ra dar Trailers (2)
19 .6
19.6
BE
53
10
Digital Asset M gmt. System
18 .0
18 .0
BE
54
5
Application Server
60.0
60 .0
BE
55
5
Radio Infrastructure/specialized equipment
200 .0
40.0
TR
40.0
TR
40.0
TR
40.0
TR
40 .0
TR
56
POLICE SUBTOTAL
398 .4
124 .1
154.3
40.0
40.0
40.0
57
58
PUBLIC WORKS DEPARTMENT
59
Central Mo tors
60
5
Service Truck
0.0
61
5
Inspectors' Vehicles - hybrid
240.0
60 .0
TR
30.0
TR
60.0
TR
30.0
TR
60.0
TR
62
63
Property/Building
64
5
Underground duct for Fire Alarm
300. 0
300.0
BR
65
10
Monument Restoration
250.0
50 .0
TR
50 .0
TR
50.0
TR
50.0
TR
50.0
TR
66
67
Highway
68
5
Truck, dump 41000 GVW
152.0
152.0
BE
69
5
Truck, dump 55000 GVW
160.0
160.0
BE
70
5
Street sweepers
0.0
71
72
Parks
73
5
Swap loader
0. 0
74
5
Tracto r/Loa der
34.0
34.0
BE
75
76
Snow & Ice
77
5
Side walk Tractor
0. 0
78
PUBLIC WORKS SUBTOTAL
1,136.0
570.0
232. 0
144.0
80 .0
110.0
GENERAL FUND
Page 2 of 4
FY2012 Capital Improvement Plan General Fund 1 .10.11
A
B
C
D
G
H
I
J
K
L
M
N
0
P
79
FY'12
FY'13
FY'14
FY'15
FY'16
80
RECREATION & PARKS
81
Replace & R esurface O'Connell
135 .0
135 .0
TR
82
Re place Fillippello Tot -Lot Rubber Surface
0.0
83
Replace & Resurface Sullivan Playground
120.0
120.0
TR
84
Replace & Resurfac e Casey Court
130 .0
130.0
TR
85
Replace& Resurface Victory Fi eld Courts
125 .0
125.0
TR
86
Replace & Resurface Bemis Court
140.0
140.0
TR
87
Plans & Specs
150.0
30 .0
TR
30 .0
TR
30.0
TR
30 .0
TR
30.0
TR
88
15
Victory Field Improvements
0 .0
89
15
Victory Field Impro ve ments
0.0
90
15
Fillipello Park Lighting Improvement
200.0
200 .0
BR
91
10
Lighting for Linear Park Walkway
30.0
30 .0
BR
92
10
Mo xley Courts Re novation & Lighting
250 .0
250 .0
BR
93
15
Victory Field House Reno vation & Expansion
1,500 .0
1,500.0
BR
94
15
Park Renovations - 552 Main Street
0 .0
95
10
Arsenal Park Renovations
200.0
200 .0
BR
96
15
Fillipe llo Park/Grove St. End of Park
225.0
225.0
BR
97
10
Victory Field Track & Field Hockey Renov.
2,275.0
2,275 .0
BR
98
10
O'Connell Artificial Surface, lights & fieldhouse
2,000.0
2,000.0
BR
99
10
Renovation How Park BB Court
150.0
150.0
BR
100
10
Cunniff Schoo l Fie ld & BB CourtRenova tion
150.0
150 .0
BR
101
RECREATION & PARKS SUBTOTAL
7,780.0
1,930 .0
580.0
2,635.0
315.0
2,320.0
102
103
SCHO OL DEPARTMENT
104
School Technolo
1,000.0
200.0
SA
200.0
SA
200 .0
SA
200.0
SA
200 .0
SA
105
Energy Related CIP Various Schools
461.0
30.0
TBD
300.2
TBD
130 .8
TBD
0.0
0 .0
106
10
Various School Improvements
2,220.0
570.0
BR
300.0
BR
470.0
BR
600.0
BR
280.0
BR
107
SCHO OL DEPARTMENT SUBTOTAL
3,681.0
800.0
800 .2
800.8
800.0
480 .0
108
109
SENIO R CENTER
110
10
Furnishings
0.0
111
5
Senior Shuttle Bus
0.0
112
10
Building Renovation (ext.painting/HVAC)(int. pain
50.0
10.0
TR
10.0
TR
10 .0
TR
10.0
TR
10.0
TR
113
SENIO R CENTER SUBTOTAL
50. 0
10.0
10.0
10.0
10.0
10.0
GENERAL FUND
Pa ge 3 of 4
FY2012 Capital Improvement Plan General Fund 1 .10.11
A
B
C
D G
H
I
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K
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M
N
0
P
114
FY'12
FY'13
FY'14
FY'15
FY'16
115
SKATING ARENA
116
10
Replace Compressors (2)
50.0
50.0
TBD
117
10
Boiler
125.0
125.0
TBD
118
20
Lobby
100.0
100.0
BR
119
20
Building Renovations (metal ro of)
775.0
775 .0
BR
120
SKATING ARENA SUBTOTAL
1,050 .0
175 .0
775.0
0.0
100 .0
0 .0
121
122
STREETS & SIDEWALKS
123
Highway reconstruction (Chp 90)
555.3
100.5
C9
105.5
C90
110 .8
C9
116,3
C9
122.2
C9
124
Highway reconstruction (Tax Revenue)
3,112 .0
563.2
TR
591.4
TR
620.9
TR
652.0
TR
684.6
TR
125
5
Highwa y reconstruction (Bonds)
42,400.0
2,000.0
STB
4,000.0
STB
2,000 .0
STB
4,000.0
STB
30,400.0
STB
126
Side walk reconstruction (Chp 90)
555.3
100 .5
C9
105.5
C90
110 .8
C9
116.3
C9
122.2
C9
127
Sidewalk reconstruction (Tax Revenue)
857.6
155.2
TR
163 .0
TR
171.1
TR
179.7
TR
188.6
TR
128
5
Sidewalk reconstruction (Bonds)
10,600.0
500.0
SWB
1,000.0
SWB
500.0
SWB
1,000.0
SWB
7,600 .0
39,117.5
SWB
129
STREETS & SIDEWALKS SUBTOTAL
58,080 .3
3,419 .4
5,965 .4
3,513.6
6,064.3
130
131
GENERAL FUND CIP
86,279.7
12,065 .5
12,154.9
12,341 .4
7,542.3
42,175.5
132
133
CO STS BY SO URCE OF FUNDS
134
GENERAL OBLIGATION BONDS
135
BE
( EQUIPMENT)
1,290.5
890 .2
316 .3
84.0
0 .0
0 .0
136
BR
( REM ODELING)
11,000.0
2,650 .0
1,925 .0
3,045 .0
900.0
2,480.0
137
BP
( PLANNING)
0. 0
138
BO
( O THER)
0.0
139
SUBTOTAL GENERAL OBLIGA TION BONDS
12,290. 5
3,540.2
2,241 .3
3,129.0
900.0
2,480.0
140
141
C9
CHAPTER 90 FUNDS;,
1,110.7
201. 0
211.1
221.6
232 .7
244 .3
142
STB
STREET BO NDS
42,400.0
2,000. 0
4,000 .0
2,000.0
4,000.0
30,400.0
143
SWB
SIDEWALK BONDS
10,600.0
500. 0
1,000 .0
500.0
1,000.0
7,600.0
144
145
146
TR
FR/GR2--f:'77-71
SA
TAX REVENUE
SCHOOL APPROPRIATION
5,833. 5
1,000. 0
1,090. 3
200.0
1,122.3
200.0
1,160 .0
200 .0
�,
1,209 .6
.4
200.0
rai
1,251 .2
200.0
147
TBD
TO BE DETERM INED
13,045. 0
4,534.0
3,380.2
5,130.8
0.0
0.0
148
SUBTOTAL OTHER
73,989. 2
8,525.3
9,913. 6
9,212.4
6,642 .3
39,695.5
149
150
GRA ND TOTAL
86,279.7
12,065.5
12,154.9
12,341 .4
7,542.3
42,175.5
151
GENERAL FUND
Page 4 of 4
FY 2012-2016 CIP
General Fund Debt Projection
A
J
K
L
M
N
1
PERMANENT DEBT
FY'12
FY'13
FY'14
FY'15
FY '16
2
FY04 Bond (Nov 03)
3
4
Prin (4,103,000)
175,000
170,000
170,000
170,000
170,000
5
LIT Int
47,900
41,000
34,194
27,400
20,600
6
Subtotal
222,900
211,000
204,194
197,400
190,600
7
8
FY04 Bond (Mar 04)
9
Prin (2,263,000) see W&S
50,000
50,000
50,000
50,000
50,000
10
LT Int see W&S
12,650
11,100
9,100
7,500
5,750
11
Subtotal
62,650
61,100
59,100
57,500
55,750
12
13
FY05 Bond (Nov 04)
14
Prin (15,965,000)
800,000
800,000
800,000
800,000
800,000
15
LIT Int
426,725
399,125
370,725
341,525
310,725
16
Subto tal
1,226,725
1,199,125
1,170,725
1,141,525
1,110,725
17
18
FY07 Bond (Nov 06)
19
Prin (3,465,0000)
300,000
180,000
180,000
180,000
180,000
20
L/T Int
55,955
44,660
37,820
30,800
23,600
21
Subtotal
355,955
224,660
217,820
210,800
203,600
22
23
FY09 Bond (Jul 08)
24
Prin (15,650,000)
1,915,000
1,905,000
500,000
500,000
500,000
25
L/T Int
419,157
357,082
318,000
301,125
283,625
26
Subtotal
2,334,157
2,262,082
818,000
801,125
783,625
27
28
FY09 Refunding Bond Issue
29
Prin (12,500,000)
1,593,000
1,568,000
1,529,000
1,489,000
1.345,000
30
L/T Int
217,908
179,975
142,812
106,596
72,588
31
Subtotal
1,810,908
1,747,975
1,671,812
1,595,596
1.417,588
32
33
FY10 Bond (Feb 10)
34
Prin (5,452,000)
350,000
345,000
345,000
335,000
270,000
35
L/T Int
175,725
168,725
161,825
154,925
141,525
36
Subtotal
525,725
513,725
506,825
489,925
411,525
37
38
Prin
5,183,000
5,018,000
3,574,000
3,524,000
3,315,000
39
L/T Int
1,356,020
1,201,667
1,074,476
969,871
858,413
40
Total Permanent
6,539,020
6,219,667
4,648,476
4,493,871
4,173,413
Page 1 of 4
FY 2012-2016 C I P
General Fund Debt Projection
A
J
K
L
M
N
41
42
AUTHORIZED B OND DEBT FY '12
FY'13 FY'14
FY'15 FY'16
43
44
45
46
47
FY 11 BAN (Mar 11)
Prin (525,000) School 55,000 55,000 55,000 55,000 55,000
L/T Int (5%) 26,250 23,500 20,750 18,000 15,250
SIT Int (3 .5%) 0 0 0 0 0
Subtotal 81,250 78,500 75,750 73,000 70,250
48
49
50
51
52
53
54
55
PLANNED BAN/BOND DEBT FY'12
FY'13 FY '14
FY'15 FY'16
FY 11 BAN (Mar 11)
Prin (3,100,000) Victory Field 0 0 390,000 390,000 390,000
L/T Int (5%) 0 0 155,000 135,500 116,000
S/T Int (3.5%) 108,500 108,500 0 0 0
Subtotal 108,500 108,500 545,000 525,500 506,000
56
57
58
PLANNED BOND DEBT FY '12
FY'13 FY'14
FY'15 FY'16
59
60
61
62
63
FY 11 Bond (May 11)
Prin (1,624,000) See Schedule 289,000 270,000 250,000 2.45,000 245,000
L/T Int (5%) 81,450 6.7,000 53,500 41,000 28,750
S/T Int (3.5% ) 0 0 0 0 0
Subtotal
64
65
66
67
68
69
FY 11 Bond (May 11)
Prin (600,000) School
L/T Int (5%)
S/T Int (3.5% )
Subtotal
370,450 337,000
60,000
30,000
0
303,500
286,000 273,750
60,000 60,000 60,000 60,000
27,000 24,000 21,000 18,000
0 0 0 0
70
71
72
73
74
75
FY 12 Bond (May 11)
Prin (570,000) School
L/T Int (5% )
S/T Int (3.5% )
90,000 87,000 84,000
81,000 78,000
60,000 60,000 60,000 60,000 55,000
28,500 25,500 22,500 19,500 16,500
0 0 0 0 0
76
77
78
79
80
81
Subtotal 88,500 85,500 82,500 79,500 71,500
FY 12 Bond (Nov 11)
Prin (2. 670,200) See Schedule 0 260,200 255,000 240,000 225,000
LIT Int (5% ) 66,755 127,005 114,125 101,750 90.125
S/T Int (3.5%) 0 0 0 0 0
Subtotal 66,755 387,205 369.125 341,750 315,125
82
Page 2 of 4
FY 2012-2016 C I P
General Fund Debt Projection
A
J
K
L
M
N
83
84
PLANNED B OND DEBT
FY '12
FY '13
FY '14
FY '15
FY '16
85
86
FY 12 Bond (N ov 11)
87
Prin (2,800,000) Street, Walk
0
560,000
560,000
560,000
560,000
88
LIT Int (5 %)
70,000
126,000
98,000
70,000
42,000
89
S/T Int (3 .5%)
0
0
0
0
0
90
Subtotal
70,000
686,000
658,000
630,000
602,000
91
92
FY 13 Bond ( May 12)
93
Prin (300,000) School
0
30,000
30,000
30,000
30,000
94
L/T Int (5 %)
0
15,000
13,500
12,000
10,500
95
SIT Int (3 .5%)
0
0
0
0
0
96
Subtotal
0
45,000
43,500
42,000
40,500
97
98
FY 13 Bond (Nov 12)
99
Prin (1,941,300) See Schedule
0
0
176,300
170,000
165,000
100
L/T Int (5% )
0'
_
48,533
92,658
84,000
75,625
101
S/T Int (3.5%)
0
0
0
0
0
102
Subtotal
0
48,533
268,958
254,000
240,625
103
j
104
FY 13 Bo nd (Nov 12)
105
Prin (5,000,000) Street, Walk
0
0
1,000,000'
1,000,000
1,000,000
106
L/T Int (5% )
0
125,000
225,000
175,000
125,000
107
S/T Int (3.5%)
0
0
0
0
0
108
Subto tal
0'1
125,000
1,225,0001
1,175,000
1,125,000
109
I
li
110
FY 14Bond(May13)
1
111
Prin (470,000) School
0
0
50,000
50,000
50,000
112
L/T Int (5% )
0
0
23,500.
21,000
18,500
113
S/T Int (3. 5%)
0
0
0
0
0
114
Subtotal
0
0
73,500
71,000
68,500
115
116
FY 14 Bond (Nov 13)
,
117
Prin (2,659,000) See Schedule
_
0'
0
0
279,000
280,000
118
L/T Int (5%)
0
_
0
66,475
125,975
112,000
119
SIT Int (3.5% )
0
0
0
0
0
120
Subtota l
0
0
66,475
404,975
392,000
121
122
FY 15 Bond (May 14)
123
Prin (600,000) Sc hool
0
0
0
60,000
60,000
124
L/T Int (5%)
0
0
0
30,000
27,000
125
S/T Int (3.5% )
0
0
0
0
0
126
Subtotal
0
0
0
90,000
87,000
Page 3 of 4
FY 2012-2016 CIP
General Fund Debt Proj ection
A
J
K
L
M
N
127
128
FY 14 Bond (Nov 13)
129
Prin (2,500,000) Street, Walk 0
0
0
500,000
500,000
130
L/T Int (5%) 0
0
62,500
112,500
87,500
131
SIT Int (3.5%) 0
0
0
0
0
132
Subtotal 0
0
62,500
612,500
587,500
133
134
PLANNED BOND DEBT FY'12
FY'13
FY'14
FY'15
FY'16
135
136
FY 15 Bond (Nov 14)
137
Prin (300,000) S ee Schedule 0
0
0
0
25,000
138
L/T Int (5%) 0
0
0
7,500
14,375
139
S/T Int (3.5 %) 0
0
0
0
0
140
Subtotal 0
0
0
7,500
39,375
141
142
FY 15 Bond (Nov 14)
143
Prin (5,000,000) Street, Walk 0
0
0
0
1,000,000
144
LIT Int (5%) 0
0
0
125,000
225,000
145
S/T Int (3. 5% ) 0
0
0
0
0
146
Subtotal
0
0
0
125,000
1,225,000
147
1
148
FY 16 Bond (M ay 15)
149
Prin (280,000) School
0
0
0
0
30,000
150
L/T Int (5% )
0
0
0
0
14,000
151
S/T Int (3.5%)
0
0
0
0'
0
152
Subtotal
0
0
0
0
44,000
153
154
FY 16 Bond (Nov 15)
155
Prin (2,200,000) See Schedule 0
0
0
0
0
156
L/T Int (5%)
0
0
0
0
55,000
157
S/T Int (3. 5% )
0
0
0
0
0
158
Subtotal
0
0
0
0
55,000
159
160
_
_
161
PLANNED BOND DEBT
FY '12
FY '13
FY
FY '15
FY '16
162
163
Total Planned GF Debt
164
Principal 464,000
1,295,200
2,886,300
3,699,000
4,730,000
165
Long Term Intere st 302,955
584,538
971,508
1,099,725
1,091,125
166
Short Term Interest 108,500
108,500
0
0
0
167
TOTAL 875,455
1,988,238
3,857,808
4,798,725
5,821,125
168
169
Total Permanent & Planned 7,414,475
8,207,905
8,506,284
9,292,596
9,994,538
Page 4 of 4