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Fund amount of $39 million was based on the cash flow information given by the Public <br /> <br /> Works Director, and represents having a year end fund balance of around $8 to $9 <br /> million to make operations and capital project payments. The following is also true for <br /> this year's CIP 5-year program: <br /> • The last year of the draft program (FY 10-11) contains no capital projects, other <br /> than $3 million in preservation funds and a $250,000 allocation in the Assisted <br /> Housing Fund. <br /> • Engineering staff cuts of $2 million are planned for FY 06-08 to balance staffing <br /> levels with overall project levels. <br /> • The pavement preservation line item to repair roads is flat at $3 million per year <br /> even while unit costs rise each year. <br /> • Staff is recommending greater emphasis on projects that score high in readiness <br /> and that offer funding leverage to County road funds. <br /> • Staff is recommending bringing back the "Projects for Development" category to <br /> list staff recommendations for priority projects if additional funds become <br /> available, either through grant opportunities, new revenues, or reductions in other <br /> expenditures. <br /> 07.11 Draft CIP Plan Methodology <br /> In general, the 07-11 Draft CIP was created as described below: <br /> 1. Start with a blank 5-year program and an estimate of $39 million in County <br /> funding available for the CIP. <br /> 2. Schedule the following sums in "base" CIP categories. <br /> a. Bridge Rehabilitation - Show a zero balance since OTIA III and HBRR <br /> grants are meeting needs in this CIP cycle with any non-structural <br /> maintenance handled under O&M budget. <br /> b. Covered Bridge Rehabilitation -$300,000 in FY 07-08 for unanticipated <br /> future projects. Three projects anticipated in FY 10-11 are being shown <br /> on the DevelopmentlUnfunded list. <br /> c. Overlays and Pavement Rehabilitation -Remains at flat level of <br /> $3,000,000 per FY. No increase due to inflation. <br /> d. Safety Improvements Fund - $300,000 shown in FY 07-08 to address any <br /> near-term project needs. <br /> e, Culvert Replacements for Fish Passage - Rename to "Fish Passage <br /> Projects" and reduce to $100,000 in FY 07-08. <br /> f. Assisted Housing Fund -Keep first four years same as last CIP cycle and <br /> add $250,000 in FY 10-11. <br /> 3. Schedule previously committed projects and programs (I-51Coburg, OTIA Pass- <br /> Through). Many of these have existing signed IGA agreements, and some of <br /> them terminate at a certain date (County/City Payments). <br /> 2 <br /> _ _ <br /> <br />