WORKSHOP ITEM - Joe Huss, Finance Director
Title
2021 PROPOSED CAPITAL EQUIPMENT BUDGET
Background
Council first reviewed the proposed 2021 Capital Fund Budget at the September 14 Workshop and then again at the Workshop of October 5, 2020. The budget has had a series of reviews and the following summarizes the process and development of the Proposed 2021 Capital Budget:
• Initial requests - $3,523,020
o SBM removed $733,500 in requests
• $2,789,520 brought forward for City Manager’s review
o Council comments on scheduled vehicle/fleet purchases
o Staff proposal to conduct “right-sizing” study in 2021
• City Manager review
o Review considered:
§ Needs; alignment with Mission and Strategic Plan
§ Condition/age of equipment
§ Safety enhancements
§ Efficiencies gained; cost-effectiveness
o Removed $703,470 from consideration in 2021
o Current budget now $2,086,050 (lowest amount since 2016)
Categorically, the proposed 2021 purchases are:
• Building, Structures $180,000
• Vehicles $753,000
• Heavy Equipment $359,000
• Parks Maintenance Machinery $208,000
• Computers, Technology $244,200
• Other Equipment $305,350
• SBM $36,500
A detailed listing of all of the items included in the 2021 Proposed Capital Budget is attached. Included with this information is information as to how the equipment fits into the city’s strategic plan as well as notes regarding safety improvements or expected efficiencies gained with the proposed expenditures.
Funding sources for the 2021 capital budget would come from unrestricted reserves (if available) or through the issuance of a capital equipment certificate.
Recommendation
Staff is requesting City Council review and provide comments and direction on the proposed capital equipment budget.