General Government Capital Projects
Public Facility Repair & Maintenance
Project Location
Not Applicable
Type of Project
Asset Management
Current Project Stage
On-going
Project Lead
Public Works
Project Description This program identifies projects that are required to maintain existing Town assets . On an annual basis , Town staff meet to review upcoming capital renewal requirements as part of the Public Facility Repair & Maintenance ( PFRM ) team . As part of this process staff ranks all capital renewal requirements based on a variety of factors . Staff ’ s recommendations are then incorporated into the CIP with the rankings determining individual projects priority level . As part of the FY24 Adopted Budget , Council approved an additional 1.0 cents dedicated to public facility repairs and maintenance on an annual basis to meet the demands for improvements at Town parks and facilities .
Purpose of Project All infrastructure within the Town has a useful lifecycle and any extension of this lifecycle will likely have a negative impact on the Town ’ s operating budget . As infrastructure ages , the likelihood of a catastrophic failure rises which results in significantly more expensive repairs . In addition , a significant number of the items included in this category have a direct impact on resident ’ s ability to enjoy the services provided by the Town .
Project Funding Overview Total Project Cost Prior Year Expenditures Futures Year Costs $ 10,538,085 $ 1,383,094 $ 9,154,991
EXPENDITURES |
PRIOR YEAR FUNDING |
FY 2025 |
FY 2026 |
FY 2027 |
FY 2028 |
FY 2029 |
GRAND TOTAL |
PFRM |
$ 810,000 |
$ 860,000 |
$ 810,000 |
$ 810,000 |
$ 810,000 |
$ 810,000 |
$ 4,910,000 |
Penny For Parks |
$ 573,094 |
$ 914,826 |
$ 960,567 |
$ 1,008,596 |
$ 1,059,025 |
$ 1,111,977 |
$ 5,628,085 |
Total |
$ 1,383,094 |
$ 1,774,826 |
$ 1,770,567 |
$ 1,818,596 |
$ 1,869,025 |
$ 1,921,977 |
$ 10,538,085 |
REVENUES |
PRIOR YEAR FUNDING |
FY 2025 |
FY 2026 |
FY 2027 |
FY 2028 |
FY 2029 |
GRAND TOTAL |
General Fund |
$ 1,383,094 |
$ 1,774,826 |
$ 1,770,567 |
$ 1,818,596 |
$ 1,869,025 |
$ 1,921,977 |
$ 10,538,085 |
Total |
$ 1,383,094 |
$ 1,774,826 |
$ 1,770,567 |
$ 1,818,596 |
$ 1,869,025 |
$ 1,921,977 |
$ 10,538,085 |
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