Cc 5 14-13 - capital needs discussion

374 views

Published on

Published in: Business, Economy & Finance
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
374
On SlideShare
0
From Embeds
0
Number of Embeds
21
Actions
Shares
0
Downloads
2
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Cc 5 14-13 - capital needs discussion

  1. 1. Fiscal Year 2012-2013Budget DiscussionMay 14, 2013
  2. 2. FY2012-2013 Capitala) Cash flow available for General Capital Projects
  3. 3. FY2012-2013 Capital• General Capital Projects Fund• $1,756,529 budgeted• Available for:• Street Reconstruction• Drainage remediation• Fire truck• Other capital needs
  4. 4. FY2012-2013 Capital• Engineering staff recommendation
  5. 5. FY2012-2013 Capital• Avenue P Street & Drainage Improvements• Low bid: $ 2,593,270.54• Currently approved: $ 1,800,000.00($755,000 is carryover from FY 2012-2013)• Difference: $ 793,270.54• Requested: $ 640,000.00
  6. 6. FY2012-2013 Capital• Avenue P Street & Drainage Improvements• Concrete box culvert under W Avenue P fromS Bryant Blvd to S Chadbourne St• Collects runoff from almost 400 acres• Knickerbocker Rd – Jackson St – Avenue N –Bryant Blvd• Expected to contain the 5-year storm eventunderground
  7. 7. FY2012-2013 Capital• History of San Angelo Storm Events• Number of Days that Rainfall in San Angelo has Met orExceeded a Given Storm Event:Source: National Weather Service preliminary numbers; measurements taken at SanAngelo Regional AirportEvent Since 1950 Since 19072-Year 32 575-Year 7 1410-Year 3 825-Year 1 350-Year 1 3100-Year 0 2
  8. 8. FY2012-2013 Capital• 2013 Mill & Overlay Project• Low bid: $ 1,319,556.23• Currently approved: $ 1,000,000.00(carryover from FY 2012-2013)• Difference: $ 319,556.23• Requested: $ 320,000.00
  9. 9. FY2012-2013 Capital• 2013 Mill & Overlay Project• Main St. from Houston Harte to 18thSt.• 14thSt. from Main St. to Chadbourne St.• 19thSt. from Bryant Blvd. west to railroad• Oakes St. from 11thSt. to 14thSt.
  10. 10. FY2012-2013 Revenues Over Expendituresb) Revenues in excess of expenditures
  11. 11. FY2012-2013 Revenues Over Expenditures• Adopted revenues in excess of expenditures• Contingency in the event funds were needed forwater supply• LESS delayed implementation of increased user feesOriginal Rev Over Exp $618,267LESS (297,252)Remaining Rev OverExp Available321,015
  12. 12. FY2012-2013 Ambulance Feesc) Ambulance fees
  13. 13. FY2012-2013 Ambulance Fees• Adopted but not budgeted pending City Councildirection for use• Needs1. Training Center2. 2 ambulances per year3. Updated software4. Fire truck5. Salaries
  14. 14. FY2012-2013 Ambulance Fees• Current fiscal year trend indicates $380,000 newrevenue available• Ongoing revenue stream• Do we want to dedicate/reinvest?• Or do we want it free for any use?
  15. 15. FY2012-2013 Ambulance Fees• Staff recommendation• Year 1 (partial year)• Software $180,000• Fire truck $200,000• Year 2• Training Center debt $170,000• Fire Truck $310,000• Year 3• Training Center debt $170,000• Fire Truck $310,000
  16. 16. FY2012-2013 Ambulance Fees• Remaining outstanding needsTraining Center• 2 ambulances per year*Updated softwareFire truck• Salaries

×