Page 305 - Ord 866 Adopting a revised Fiscal Year 17-18 and new proposed Fiscal Year 18-19 budget

Section 9 Capital Project Funds
Capital Project Fund Overview

The Capital Project Fund tracks major equipment, land, and infrastructure projects of $25,000 or
more financed with General Fund operating transfers, intergovernmental revenue, bond
proceeds and Special Revenue Fund transfers. Project completion or procurement may extend
across two or more fiscal years and reflect multiple expenditure categories such as engineering,
design and construction.

Completed capital projects often have a continuing fiscal impact on the Town’ s operating
funds due to routine maintenance, repair, and daily operating costs. When an ongoing
operating impact has been identified, it is included on the project description sheet, and costs
are projected for the next three years. Upon approval of the project, the ongoing fiscal impact
is integrated into the operating budget.

Revenues and Other Sources
Revenues and other sources are budgeted to be $4,450,134.
This represents a 725% increase of $3,910,744 from prior year estimated.
o Investment earnings remained flat at $38,000
o Contributions decreased $ 201,390 due to one-time receipts received in prior year
26, 390 for Solana/ SH114 Signalization Project 69
175,000 for WA Outdoor Science Project 71
o Transfers in from General Fund increased $ 725,000 for one-time planning and
development building permit fees and revenues.
o Other Sources increased $ 3,387,134 due to one-time bond funds received for
improvements in roads, facilities and grounds.

Operating Expenditures
Payroll transfers out to General Fund decreased $ 54,565 due to a one-time transfer out in
FY17/ 18 to offset cost of Project Manager for the Public Works department.
Non-Operating Expenditures
Capital Projects are budgeted to be $2,192,051
This represents a 268% increase of $1,597,051 from prior year estimated.
The following is a list of budgeted projects for FY 18/ 19.

Dept Account Formatted Account Description Adopted Budget
16 410-73000- 16-000-000040 Sam School Road R& D $ 281,960
16 410-73000- 16-000-000060 Pearson Lane R& D 404,125
16 410-73000- 16-000-000075 Flashing Crosswalk Lights 80,000
16 410-73000- 16-000-000078 Solana Pavement Repair 90,000
16 410-73000- 16-000-000079 Wyck Hill Pavement Resurface 54,450
16 410-73000- 16-000-000080 FM1938 Pavement Repairs 80,000
16 410-74400- 16-000-000020 FM1938 Town Improvements 220,000
17 410-73000- 17-000-000077 WA-Pond Repairs 82,000
19 410-73000- 19-000-000076 Cemetery Improvements 50,000
19 410-74400- 19-000-000042 Trail Connection at 114/ Solana 30,000
19 410-74400- 19-000-000053 Trail - Dove/ Pearson/ Aspen 290,016
19 410-74400- 19-000-000067 Wayfinding Signage 229,500
20 410-74400- 20-000-000081 Fiber Connectivity 300,000
2,192,051

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