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HomeMy WebLinkAbout2023-04-04 Council Mtg MIN Capital Improvement Program – April4, 2023 2023-2025 Biennium Capital Improvement Plan-Overview Master Planning Capital Planning “The Roadmap” Utilize Master Plans Identify System Needs –20 Year Window Define Level of Service Goals Prioritize –Regulatory, Life Cycle, Deficiency, Capacity Reduce Risk and Increase Resiliency Update every 7-10 years Include Council Goals and Priorities Assess Regulatory Changes Assess Changes in Growth and Development Finances Evaluate and MakeAppropriate Changes Every Budget Cycle Layer Project Priorities Assess Utility Components with Street Improvements 2 Capital Improvement Plan-Overview Master Planning Capital Program 2-year, 6-year Budgeting –2023/25 Budget Biennium 2-year appropriation; forecast spending Staffing Levels Distinct Council Project Approvals Master Plans CIP Adoption Budget Adoption Rate Analysis & Project Funding Feasibility Studies Preliminary Engineering Final Engineering Construction & Construction Administration 3 Capital Improvement Plan-Affordability Utility Affordability Metrics CIP Affordability Utility Bill -6-10% of income Street , Storm, Wastewater, Water, Electric, Internet, Trash, Natural Gas Rate Analysis –Based on Adopted CIP and Budget Requirements Utility Assistance Programs –Updates Utility Bill Affordability Analysis 2021 Median Household Income$ 5,303.42 2% of Median Household Income Per Utility Last UpdateUtilitiesMonthly Rate% of Median Income 2019 Street Utility Fee$ 9.56 0.18% 2021 Storm Drain Utility Fee$ 5.44 0.10% 2019 Wastewater (average)$ 54.20 1.02% 2019 Water (average)$ 59.36 1.12% 2021 Electric (average)$ 76.88 1.45% 2021 Ashland AFN$ 65.00 1.23% 2022 Recology$ 22.67 0.43% N/A Natural Gas$ 56.00 1.06% Totals$ 349.116.58% 4 Capital Improvement Plan-Narrative Book Project Description CIP Narratives Project Cost & Funding Project Timing & Duration 2 –Year Narrative Book 2/6yearspreadsheets 5 Capital Improvement Plan-Dashboard CIP Dashboard 6 Next Steps Update Water and Wastewater Rate Models Departmental Budget requests for appropriations in the 2023-2025 Biennium Budget for 2-year CIP projects QUESTIONS? Next Steps Street FundFY24FY25 People$ 1,243,627 $ 1,293,078 M&S$ 2,676,016 $ 3,093,580 Capital$ 8,330,620 $ 7,150,000 Totals$ 12,250,263$ 11,536,658 Revenue (utility fee)$ 1,660,000 $ 1,700,000 Gas Tax$ 1,640,000 $ 1,650,000 F&B (Franchise)$ 1,000,000 $ 1,490,000 Grants Total Revenue$ 4,300,000 $ 4,840,000 P+M&S$ 3,919,643 $ 4,386,658 Capital$ 8,330,620 $ 7,150,000 Total Fund$ 12,250,263$ 11,536,658 Revenue - Total$ (7,950,263) $ (6,696,658) Revenue - P+M&S$ 380,357.00$ 453,342 Street Debt$ 81,563 $ 81,563