HomeMy Public PortalAboutFiscal Year 2013-2017 Capital Improvement ProgramMichael 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@warertown-ma.gov
To: Honorable Town Council
From: Michael J. Driscoll, Town Managef
Date: January 11, 2012
RE: Fiscal Year 2013-2017 Capital Improvement Program
Pursuant to the provisions of the Watertown Horne Rule Charter and the attached Town Council
Resolution on the Fiscal Year 2013 Budget Process, I herewith present the Proposed Fiscal Year
2013-2017 Capital Improvement Program (CIP).
The Proposed Fiscal Year 2013-2017 General Fund CIP totals $99,938,400, which represents an
increase of $14,603,700 from the Fiscal Year 2012-2016 CIP. The bonding requirement is
$41,986,000 and the Street and Sidewalk bonds of $38,000,000 listed in Fiscal Year 2017 are not
included in the bonding requirement.
The significant increase in the General Fund 2013-217 CIP total, as compared to the Fiscal Year
2012-2016 CIP, is related to increases in the following areas.
• ESCO $ 8,033,000
• School Improvements $ 5,648,800
• Recreation & Parks $ 1,375,000
$15,056,800
The funding source of $11,768,000 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
• Former North Branch Renovation/Reuse $1,100,000
• Former Police Facility Renovation/Reuse $ 600,000
• Multi -Service Center Renovation $ 250,000
• Information Technology Improvements $ 250,000
• Record Storage (without building improvements) $ 68,000
TOTAL: $11,768,000
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 2013-2017 CIP and will serve as a
guide to allocate monies for ongoing maintenance.
Fiscal Year 2011 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 $2,000,0001
• 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
As a follow up to the to the Honorable Town Council's adoption of conceptual recommendations
on the Fiscal Year 2012-2016 Capital Improvement Program, the following is the revised list of
items contained in the Fiscal Year 2011 CIP. A Proposed Loan Order was brought forward in
March 2011 for Victory Field Improvements. Proposed Loan Order(s) were to be brought forward
in May -June 2011 for all of the other items.
• Victory Field Improvements $3,000,000
• Town -wide Phone System $ 573,500
• Public Works Equipment $ 372,000
• Fire Alarm Underground Duct $ 300,000
• Ambulance $ 209,000
• Recreational Field Improvements $ 200,000
• Administration Buildings Improvements $ 100,000
• Fire Buildings Improvements $ 138,000
• Senior Shuttle Bus $ 110,000
• Information Technology $ 40,000
TOTAL: $5,042,500
Project cost is $4M with $2M from fundraising/grants.
2
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 2013-2017 Capital Improvement Program.
• Public Works Equipment $ 317,000
• Ambulance $ 210,000
• Recreational Field Improvements (552 Main Street) $ 200,000
• Fire Buildings Improvements $ 138,000
• Senior Shuttle Bus $ 110,000
• Skating Arena Improvements $ 50,000
$1,025,000
Fiscal Year 2012 Proposed Loan Orders
As you recall, the Fiscal Year 2012 Budget Message dated April 26, 2011 stated Proposed Loan
Orders will be brought forward for various Capital items contained in the Fiscal Year 2012 CIP.
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 (Phase II) $1,500,000
• Fire Pumper Truck $ 515,000
• Fire Alarm Underground Duct $ 300,000
• Recreational Improvements $ 280,000
• Public Works Equipment $ 160,000
• Information Technology $ 150,000
• Police Equipment $ 50,200
• Fire Equipment $ 15,000
TOTAL: $5,470,200
The following is a revised list of items contained in the Fiscal Year 2012 CIP. A Proposed Loan
Order will be brought forward subsequent to the Honorable Town Council's adoption of
conceptual recommendations on the Fiscal Year 2013-2017 Capital Improvement Program.
• Fire Pumper Truck $515,000
• Information Technology $150,000
• Police Equipment $ 50,000
• Fire Equipment $ 15,000
$730,000
3
Comprehensive Master Plan
One of the Honorable Town Council's top priorities is to create a Comprehensive Plan for the
Town dealing with a broad spectrum of issues, including development, zoning, and transportation,
in order to encourage Town government and its citizens to work in concert towards common goals.
The Comprehensive Plan will incorporate all previous resources, such as the Economic
Development Study, the Open Space Plan, the Pleasant Street Corridor District Study, etc. Include
traffic, transportation resources, and public parking improvements, and a review of the Zoning
Ordinance.
A Request for Proposal related to the development of a Comprehensive Plan will be issued.
Thereafter, a Transfer of Funds Request will be brought forward in March -April 2012 for the
Honorable Town Council's consideration.
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 2013-2017 CIP includes funding of various
school improvements totaling $8,759,800 over the next five years including $690,100 in Fiscal
Year 2013, of which $490,100 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 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.
NESWC/Capital Projects Stabilization Fund
The original North East Solid Waste Committee Agreement (NESWC) expired in September 2005
and the Town has executed two Post 2005 Agreements through Fiscal Year 2016. As a result of
these actions and the foresight the Town had in funding the significant costs of the NESWC
Agreement, transfers of $500,000 annually from the NESWC/Capital Projects Stabilization Fund
began in Fiscal Year 2006 and will continue through Fiscal Year 2013. In June 2011, the
Honorable Town Council voted to change the name of this stabilization fund to "Capital Projects
Stabilization Fund". In order to continue the annual transfer of $500,000 beyond Fiscal Year
2013, we will look for opportunities to make transfers to this Stabilization Fund in an effort to
support capital projects.
Street and Sidewalk Improvements
Street and sidewalk maintenance is one of the top priorities in the Honorable Town Council's
Fiscal Years 2009 through 2013 Budget Policy Guidelines. Within the Fiscal Year 2013-2017
CIP, $58,334,400 is designated for street and sidewalk improvements. The Fiscal Year 2012
General Fund Budget includes $718,500 to augment projected Chapter 90 monies. Beginning in
Fiscal Year 1999 and including Fiscal Year 2012, the Honorable Town Council has approved
$7,951,113 for the Street and Sidewalk Improvements appropriation, an average of $567,937 for
each of the fourteen 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.
4
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.
One of the top priorities of the Honorable Town Council's Budget Policy Guidelines is to update
the Roadway Management Study to develop a priority list and funding schedule for the
improvements of the Town's streets and sidewalks; implement infrastructure recommendations
from the Strategic Framework for Economic Development and pursue state/federal funding such as
the Transportation Improvement Program (TIP) and School Safety Zone funding to improve traffic
and safety.
The proposed future loan orders for Street and Sidewalk Improvements will be $2,500,000 in
Fiscal Year 2013, $5,000,000 in Fiscal Year 2014, $2,500,000 in Fiscal Year 2015 and $5,000,000
in Fiscal Year 2016.
Energy Services Company (ESCO) Project
One of the top priorities of the Honorable Town Council's Budget Policy Guidelines is to work
with the Town's selected Energy Services Company (ESCO) to develop and implement a plan
toward reducing municipal baseline energy usage by 20% in 5 years.
As previously stated, $8,033,000 related to ESCO is included in the Fiscal Year 2013-2017 Capital
Improvement Program.
In accordance with one of the Fiscal Year 2012-2016 conceptual recommendations, the Committee
on Budget and Fiscal Oversight will discuss the results of the "Investment Grade Audit" and the
resulting proposal to assess its impact on energy -related CIP items, and make a recommendation
on how to proceed.
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
2013-2017 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 2013-2017 Capital Improvement Program.
Cc: Honorable School Committee
Honorable Library Board of Trustees
All Department Heads
5
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# 45 R-2011- 45
Resolution on the Fiscal Year 2013 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 2013 operating budget and capital
improvement program:
1. The Fiscal Year 2013 Preliminary Budget Overview will be presented to the
Town Council on November 9, 2011.
2. The Town Council will adopt its Fiscal Year 2013 Budget Policy Guidelines by
December 13, 2011.
3. The proposed Fiscal Year 2013-2017 Capital Improvement Program will he
presented to the Town Council by January 10, 2012.
4. The Town Council will adopt its conceptual recommendations on the Fiscal
Year 2013-2017 Capital Improvement Program by March 13, 2012 subject to
the availability of funds.
1 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
August 9, 2011,
alerie Papas, Council Clerk
Mark . Sideris, Council President
FY2013 DRAFT CIP General Fund January 9, 2012
A
B
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ITEM
TOTA LS
FY'13
FY'14
FY'15
FY'16
FY'17
2
3
ADMINISTRATION
4
10
Administration Building Renovations
100. 0
20. 0
TR
20.0
TR
20. 0
TR
20.0
TR
20.0
TR
5
10
Emergency Generator
75.0
75. 0
BE
6
5
Record Storage (w/o bldg. improvements)
68.0
68.0
TBD
7
20
Renovation/Reuse Former Police Facility
600. 0
600.0
TBD
8
20
Multi -Service Ce nter Renovation
250. 0
250.0
TBD
9
20
Renovatio n/Reuse fo rmer East Branch
1,500.0
1,500.0
TBD
10
20
Renovation/Reuse former North Branch
1,100.0
1,100.0
TBD
11
25
ESCO
8,033. 0
8,033.0
BR
12
ADM INISTRATION SUBTOTAL
11,726.0
11,646.0
20.0
20.0
20. 0
20 .0
13
14
COMM UNITY DEVELOPMENT
15
20
Coolidge Square Design & Renovation
3,000. 0
3,000. 0
TBD
16
20
Watertown Square Structured Parking
5,000.0
5,000.0
TBD
17
COMM UNITY DEVELOPMENT SUBTOTAL
8,000.0
3,000.0
5,000. 0
0.0
0.0
0 .0
18
19
INFORM ATION TECHNOLOGY
20
5
GIS (Assessors Office & DP)
100. 0
50.0
BE
50. 0
BE
21
10
Data Center Needs
170. 0
170.0
TBD
22
5
Document Management Serv er / Security
80.0
80. 0
TBD
23
INFORMATION TECHNOLOG Y SUBTOTAL
350.0
300. 0
50. 0
0.0
0.0
0.0
24
25
FIRE DEPARTMENT
26
Equipment replacement
100. 0
20.0
TR
20.0
TR
20.0
TR
20 .0
TR
20.0
TR
27
Chief's, Deputy's & staff vehicles (4)
70.0
35. 0
TR
35.0
TR
28
Replace Turnout Protective Gear
40.0
8.0
TR
8.0
TR
8.0
TR
8.0
TR
8.0
TR
29
FIRE DEPARTMENT SUBTOTAL
210.0
63. 0
28.0
63.0
28.0
28.0
30
31
LIBR ARY
32
15
Sla te Roof Replacement
325. 0
325. 0
BR
33
15
Building Updates (carpet, entrance/exit, paint)
350.0
100.0
BR
100.0
BR
50 .0
BR
50 .0
BR
50.0
BR
34
LIBRARY DEPARTM ENT SUBTOTAL
675. 0
425.0
100.0
50.0
50.0
50 .0
35
GENERAL FUND
Page 1 of 4
FY2013 DRA FT C IP General Fund January 9, 2012
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36
FY'13
FY'14
FY'15
FY'16
FY'17
37
38
POLICE DEPARTM ENT
39
5
In Cruiser Video System
54. 3
54. 3
BE
40
5
Shotgun Replacement
11. 5
11. 5
BE
41
10
Microwave Link for Po lice & Fire Radio SystE
43.7
43. 7
BE
42
5
Application Server
60.0
60. 0
BE
43
5
Radio Infrastructure/specialized equipment
200.0
40.0
TR
i 40.0
TR
40.0
TR
40. 0
TR
40.0
TR
44
POLICE SUBTOTAL
369. 5
95.2
154.3
40.0
40. 0
40.0
45
46
PUBLIC WORKS DEPARTMENT
47
Central Mo to rs
48
5
Inspectors' Vehicles - hybrid
240. 0
30. 0
TR
60. 0
TR
30.0
TR
60.0
TR
60.0
TR
49
50
Property/Building
51
5
Undergro und duct for Fire Alarm
600. 0
300. 0
BR
300. 0
BR
52
10
M onument Restoration
250. 0
50. 0
TR
50. 0
TR
5Q0
TR
50.0
TR
50.0
TR
53
54
Highway
55
5
Truck, dump 41000 GVW
152.0
152. 0
BE
56
5
Truck, dump 55000 GVW
160.0
160. 0
BE
57
58
Parks
59
5
Greensgro omer/sweeper equipment VF
22. 7
22. 7
BE
60
5
Tractor/Loader
34.0
34.0
BE
61
PUBLIC WORKS SUBTOTAL
1,458. 7
562.7
562. 0
114.0
110 .0
110.0
GENERAL FUND
Page 2 of 4
FY2013 DRAFT CIP General Fund January 9, 2012
A
B
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D
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G
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62
FY'13
FY'14
FY'15
FY'16
FY'17
63
RECREATION & PARKS
64
Renovation of Casey Park - Baseball Area
90.0
90. 0
TR
65
Retrofitting Electric Boxes various location
60.0
60.0
TR
66
15
Arsenal Park Renov ations
155. 0
155.0
TR
67
Replace & Resurface Bemis & as needed
160.0
160.0
TR
68
Renovation of Lowell Playground/Courts
60. 0
60.0
TR
69
Renovation of O'Connell Playground/Court
105. 0
105.0
TR
70
Repla ce & Resurface Sullivan Playground
170. 0
170.0
TR
71
15
Renovation of Casey Courts & Lighting
550.0
550.0
BR
72
10
Fillipe llo Park Lighting Improvement
250.0
250.0
BR
73
10
Lighting for Linear Park Walkway
30.0
30. 0
BR
74
15
M oxley Co urts Renov ation & Lighting
250. 0
250.0
BR
75
10
Victory Fie ld House Renovation & Expansior
1,500. 0
1,500.0
BR
76
10
Fillipello Park/Grove St. End of Park
300.0
300.0
BR
77
10
Victory Fie ld Track & Field Hockey Renov.
2,500. 0
2,500.0
BR
78
10
O'Connell Artificial Surface, lights & Fieldh0L
2,500.0
2;500.0
BR
79
10
Renovation How Park BB Court
150.0
150 .0
BR
80
10
Cunniff School Field & BB Court Renovation
300.0
300.0
BR
81
RECR EATION & PARKS SUBTO TAL
9,130.0
2,780.0
2,655.0
460.0
2,665 .0
570.0
82
83
SCHOOL DEPARTMENT
84
10
School Te chnology
1,000.0
200.0
SA
200.0
SA
200.0
SA
200 .0
SA
200 .0
SA
85
Various School Improve ments
7,759.8
490. 1
BR
837.5
BR
1,058.3
BR
861.2
BR
4,512.7
BR
86
SCHOOL DEPARTMENT SUBTOTAL
8,759.8
690. 1
1,037.5
1,258.3
1,061.2
4,712.7
87
88
SENIOR CENTER
89
10
Building Renovation (desk,curtains,blinds)
50.0
10. 0
TR
10.0
TR
10.0
TR
10.0
TR
10.0
TR
90
SENIOR CENTER SUBTOTAL
50. 0
10. 0
10.0
10 .0
10 .0
10 .0
GENERAL FUND
Page 3 of 4
FY2013 DRAFT CIP General Fund January 9, 2012
A
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91
FY'13
FY'14
FY'15
FY'16
FY'17
92
SKATING ARENA
93
20
Lobby
100.0
100. 0
BR
94
20
Building Renovations (metal roof)
775. 0
775.0
BR
95
SKATING ARENA SUBTOTAL
875.0
775. 0
0.0
100.0
0.0
0.0
96
97
STREETS & SIDEWALKS
98
Highwa y reconstructio n (Chap 90)
583. 2
105.5
C90
110. 8
C9
116. 3
C9
122.2
C9
128.3
C9
99
5
Highway reconstruction (Tax Revenue)
3,267.7
591.4
TR
620.9
TR
652.0
TR
684.6
TR
718.8
TR
100
Highway 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
101
Sidewalk re construction (Chap 90)
583. 1
105. 5
C90
110. 8
171.1
C9
TR
116.3
179. 7
C9
122. 2
C9
128.3
C9
102
5
Sidewalk reconstruction (Tax Revenue)
900.5
163.0
TR
TR
188.6
TR
198 .1
TR
103
Sidewalk reconstruction (Bonds)
10,600.0
500.0
SWB
1,000.0
SWB
500.0
SWB
1,000.0
SWB
7,600.0
SWB
104
STREETS & SIDEWALKS SUBTO TAL
58,334. 4
3,465. 4
6,013.6
3,564.3
6,117. 6
39,173 .5
105
106
GENERAL FUND CIP
99,938.4
23,812.4
15,630. 4
5,679.6
10,101.8
44,714.2
107
108
COSTS BY SOURCE OF FUNDS
109
GENERAL O BLIGATION BONDS
110
BE
( EQUIPMENT)
713.2
362. 9
316.3
34. 0
0.0
0 .0
111
BR
( REMODELING)
26,272.8
12,653. 1
3,737.5
1,508.3
3,411 .2
4,962.7
112
BP
( PLANNING)
0.0
113
BO
( OTHER)
0.0
114
SUBTOTA L GENERAL OBLIGATION BONDS
26,986.0
13,016.0
4,053.8
1,542.3
3,411 .2
4,962 .7
115
116
C9
CHAPTER 90 FUNDS
1,166.2
211. 0
221.6
232.7
244.4
256.6
117
STB
STREET BONDS
42,400.0
2,000. 0
4,000.0
2,000.0
4,000 .0
30,400.0
118
SWB
SIDEWALK BONDS
10,600.0
500. 0
1,000.0
500.0
1,000 .0
7,600.0
119
TR
TAX REVENUE
6,018. 2
1,117.4
1,155.0
1,204.7
1,246.2
1,294 .9
120
SA
SCHOOL A PPROPRIATION
1,000. 0
200.0
200.0
200 .0
200 .0
200 .0
121
TBD
TO BE DETERM INED
11,768.0
6,768.0
5,000.0
0 .0
0 .0
0.0
122
SUBTOTA L OTHER
72,952. 4
10,796. 4
11,576.6
4,137.3
6,690 .6
39,751.5
123
124
GRAND TO TA L
99,938.4
23,812.4
15,630 .4
5,679.6
10,101.8
44,714 .2
GENERAL FUND
Page 4 of 4
FY 2013-2017 CIP Revised 1.11.12
General Fund Debt Projection
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1
PERM ANENT DEBT
FY '13
FY '14
FY '15
FY '16
FY '17
2
FY04 Bond (Nov 03)
3
Prin (4,103,000)
170,000
170,000
170,000
170,000
115,000
4
L/T Int
41,000
34,194
27,400
20,600
14,900
5
Subtotal
211,000
204,194
197,400
190,600
129,900
6
7
FY04 Bond (Mar 04)
8
Prin (2,263,000) see W&S
50,000
50,000
50,000
50,000
50,000
9
L/T Int see W&S
11,100
9,100
7,500
5,750
3,875
10
Subtotal
61,100
59,100
57,500
55,750
53,875
_11
12
FY05 Bond (Nov 04)
13
Prin (15,965,000)
800,000
800,000
800,000
800,000
800,000
14
L/T Int
399,125
370,725
341,525
310,725
278,725
15
Subtotal
1,199,125
1,170,725
1,141,525
1,110,725
1,078,725
16
17
FY07 Bond (Nov 06)
18
Prin (3,465,0000)
180,000
180,000
180,000
180,000
100,000
19
LIT Int
44,660
37,820
30,800
23,600
18,000
20
Subtotal
224,660
217,820
210,800
203,600
118,000
21
22
FY09 Bond (Jul 08)
23
Prin (15,650,000)
1,905,000
500,000
500,000
500,000
500,000
24
L/T Int
357,082
318,000
301,125
283,625
265,500
25
Subtotal
2,262,082
818,000
801,125
783,625
765,500
26
27
FY09 Refunding Bond Issue
28
Prin (12,500,000)
1,568,000
1,529,000
1,489,000
1,345,000
1,193,000
29
L/T Int
179,975
142,812
106,596
72,588
42,132
30
Subtotal
1,747,975
1,671,812
1,595,596
1,417,588
1,235,132
31
32
FY10 Bond (Feb 10)
33
Prin (5,452,000)
345,000
345,000
335,000
270,000
270,000
34
L/T Int
168,725
161,825
154,925
141,525
130,725
35
Subtotal
513,725
506,825
489,925
411,525
400,725
36
37
Prin
5,018,000
3,574,000
3,524,000
3,315,000
3,028,000
38
L/T Int
1,201,667
1,074,476
969,871
858,413
753,857
39
To tal Permanent
6,219,667
4,648,476
4,493,871
4,173,413
3,781,857
40
Page 1 of 4
FY 2013-2017 CIP Revised 1.11. 12
G eneral Fund Debt Projection
A
K
L
M
N
0
41
AUTHORIZED NOT ISSUED DEBT
FY '13
FY '14
FY '15
FY '16
FY '17
42
43
FY 11 Bond (Feb 2012)
44
Prin (525,000) School
55,000
55,000
55,000
55,000
55,000
45
LIT Int (5% )
26,250
23,500
20,750
18,000
15,250
46
S/T Int (3.5% )
0
0
0
0
47
Subtotal
81,250
78,500
75,750
73,000
70,250
48
49
FY 11 Bond (Feb 2012)
50
Prin (3,000,000) Victory Field
375,000
375,000
375,000
375,000
51
L/T Int (5%)
150,000
131,250
112,500
93,750
52
S/T Int (3. 5% )
105,000
0
0
0
0
53
Subtotal
105,000
525,000
506,250
487,500
468,750
54
55
FY11 Bond (Feb 2012)
56
Prin (460,000) Town Wide Phone
92,000
92,000
92,000
92,000
92,000
57
L/T Int (5%)
23,000
18,400
13,800
9,200
4,600
58
S/T Int (3.5%)
59
Subtotal
23,000
110,400
105,800
101,200
96,600
60
61
PLANNED BOND DEBT
FY '13
FY '14
FY '15
FY '16
FY '17
62
63
FY11 and FY12 Bond (Feb 2012)
64
Prin (1,755,000) see schedule
251,000
246,000
216,000
201,000
196,000
65
L/T Int (5% )
88,000
75,450
63,150
52,350
42,300
66
S/T Int (3. 5% )
0
0
0
0
0
67
Subtotal
339,000
321,450
279,150
253,350
238,300
68
69
FY13 Bond (Nov 2012)
70
Prin (8,033,000) ESCO
0
170,000
175,000
185,000
195,000
71
L/T Int (5% )
200,875
397,500
388,875
379,875
370,375
72
S/T Int (3.5% )
0
0
0
0
0
73
Subtotal
200,875
567,500
563,875
564,875
565,375
74
75
FY 13 Bond (Nov 2012)
76
Prin (2,800,000) Str,Walk, Duct
560,000
560,000
560,000
560,000
77
L/T Int (5% )
70,000
126,000
98,000
70,000
42,000
78
S/T Int (3. 5% )
0
0
0
0
0
79
Subtotal
70,000
686,000
658,000
630,000
602,000
80
Page 2 of 4
FY 2013-2017 CIP Revised 1.11. 12
General Fund Debt Projection
A K
L
M
N
0
81
PLANNED BOND DEBT FY '13
FY '14
FY '15
FY '16
FY '17
82
83
FY 13 Bond (Feb 2013)
84
Prin (4,192,900) See Schedule
346,900
340,000
330,000
330,000
85
L/T Int (5%)
209,595
192,250
175,250
158,750
86
S/T Int (3.5% )
0
0
0
0
87
Subtotal
556,495
532,250
505,250
488,750
88
89
FY 13 Bond (Feb 2013)
90
Prin (490,100) School
35,100
35,000
35,000
35,000
91
LIT Int (5%)
24,505
22,750
21,000
19,250
92
S/T Int (3.5% )
0
0
0
0
93
Subtotal
59,605
57,750
56,000
54,250
94
95
FY 14 Bond (Feb 2014)
96
Prin (2,916,300) See Schedule
331,300
325,000
320,000
97
L/T Int (5% )
145,815
129,250
113,000
98
S/T Int (3.5%)
99
Subtotal
477,115
454,250
433,000
100
101
FY 14 Bond (Feb 2014)
102
Prin (837,500) School
62,500
60,000
55,000
103
L/T Int (5% )
41,875
38,750
35,750
104
S/T Int (3. 5% )
0
0
0
105
Subtotal
104,375
98,750
90,750
106
107
FY 14 Bond (Feb 2014)
108
Prin (5,300,000) Str, Walk, Duct
1,060,000
1,060,000
1,060,000
109
LIT Int (5%)
265,000
212,000
159,000
110
S/T Int (3. 5%)
0
0
0
111
Subtotal
1,325,000
1,272,000
1,219,000
112
113
FY 15 Bond (Feb 2015)
114
Prin (484,000) See Schedule
49,000
50,000
115
L/T Int (5%)
24,200
21,750
116
S/T Int (3. 5% )
0
0
117
Subtotal
73,200
71,750
Page 3of4
FY 2013-2017 CIP Revised 1. 11.12
Gene ral Fund Debt Projection
A
K
L
M
N
0
118
PLA NNED BOND DEBT
FY '13
FY '14
FY '15
FY '16
FY '17
119
120
FY 15 Bond (Feb 2015)
121
Prin (1,058,300) School
78,300
70,000
122
L1T Int (5%)
52,915
49,000
123
S/T Int (3.5%)
0
0
124
Subtotal
131,215
119,000
125
126
FY 15 Bond (Feb 2015)
127
Prin (2,500,000) Str, Walk
500,000
500,000
128
LIT Int (5% )
125,000
100,000
129
S/T Int (3.5% )
0
0
130
Subtotal
625,000
600,000
131
132
FY 16 Bond (Feb 2016)
133
Prin (2,550,000) Se e Schedule
255,000
134
LIT Int (5%)
127,500
135
S/T Int (3. 5%)
0
136
Subtotal
382,500
137
138
FY 16 Bond (Feb 2016)
139
Prin (861,200) School
61,200
140
L/T Int (5%)
43,060
141
S/T Int (3. 5%)
0
142
Subtotal
104,260
143
144
FY 16 Bond (Feb 16)
145
Prin (5,000,000) Str, Walk, Duct
1,000,000
146
LIT Int (5% )
250,000
147
S/T Int (3.5% )
0
148
Subtotal
1,250,000
149
150
PLANNED BOND DEBT
FY '13
FY'14
FY'15
FY'16
FY'17
151
Total Planned GF Debt
152
Principal
398,000
1,880,000
3,301,800
3,905,300
5,209,200
153
Long Term Interest
408,125
1,024,950
1,383,515
1,420,290
1,645,335
154
Short Term Interest
105,000
0
0
0
0
155
TOTAL
911,125
2,904,950
4,685,315
5,325,590
6,854,535
156
157
Total Permanent & Plann ed
7,130,792
7,553,426
9,179,186
9,499,003
10,636,392
Page 4 of 4