Page 105 - FY 2024-25 ADOPTED BUDGET

APPROVED CAPITAL EXPENDITURES

GENERAL FUND

PUBLIC SAFETY

Four Police Patrol Vehicles $ 281,239

TOTAL $ 281,239

FUTURE CAPITAL AND DEBT

In fiscal year 2019-20 City Council approved moving forward with the design of a new municipal complex that would
be an anchor to a new downtown. The municipal complex would house City Hall, Police Department and the Senior
Center and be located next to the current City Hall. The estimated cost is $22.0 million. The voters approved the

bond at the May 21, 2021 election and the debt was issued. Construction and debt payments began in fiscal year
2021-22. The TIF expired in November 2022 and the City no longer has to contribute to the TIF. The funds that
were paid to the TIF annually will now be used for debt service payments for the new municipal complex. There is
little impact to the City’s operating funds.

Other future capital projects and capital outlays are paid for out of the Capital Projects and Asset Replacement
funds. Purchases are on a “Pay-As-You-Go” basis, where the City saves each year for these planned capital projects
and outlays. In 2023-24 and 2024-25 $300,000 is transferred to the Capital Projects and Asset Replacement Funds.

Various drainage projects are planned over the nest few years all being paid for out of the Stormwater and Drainage
fund. The Stormwater Fund is funded through Stormwater Utility Fees. The following capital asset purchases are
planned over the next few years:

FY 2024-25 Ambulance

FY 2025-26 Dump Truck

Sufficient funds are available in the Asset Replacement fund to purchase these vehicles.

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