1. Capital Improvement Plan
2019 – 2028
Capital Improvement Plan
August 28, 2018

2. Why Do A Capital Improvement Plan
Helps promote financial sustainability
Creates transparency
Strategic Plan
Comprehensive Plan
Capital Improvement Plan
Debt Management Plan
Long-Term Financial Plan

3. What is a Capital Improvement Plan
Identifies
Project
Justification
Timeframe
Funding Source

4. Timeline of the Capital Improvement Plan
May -Departments begin planning process
July-Budget completed with CIP projects
August-Presentation to City Council
November-Utility CIP completed for rate analysis
December – Budget, CIP, and Utility Rates adopted

5. 2019 – 2028 Proposed Capital Improvement Plan
$73,199,032
By Funding Source
By Expenditure Source

6. 2019 – 2028 Fleet Replacement Fund $7,804,900

7. 2019 – 2028 Non-Fleet Replacement Fund $11,250,100

8. 2019 – 2028 IT Replacement Fund $2,419,200

9. 2019 – 2028 Pavement Management Replacement Fund $1,929,700

10. 2019 – 2028 Water $12,112,900

11. 2019 – 2027 Sewer $3,107,100

12. 2019 – 2028 Storm Sewer $5,049,000

13. 2019 – 2028 Street Lights $642,000

14. 2019 – 2028 Street Improvements $25,212,032
(2025 – 2028 Mill & Overlay Costs Included)

15. 2019 – 2028 Park Improvements Central Park – 2019 $775,000
East Park – 2020 $2,000,000
Tracking to provide a funding mechanism for future parks in the New Brighton Exchange
Park concepts prepared and presented to Council in 2008 by consultants - Stantec
Community engagement process proposed to review parks

16. Financial Plan

17. 2019 – 2028 Debt Management Plan

18. 2017 Survey Results

19. 2019 Property Tax $9,513,110-Change $851,940 or 9.84%

20. 2019 Property Tax $9,512,110-Change $851,940 or 9.84%

21. Health Insurance Costs
Increasing City contribution by 8%
15% of total premium increase in 2019 covered by employees/85% by City
Cost of employee premium share increasing by $17,447
Percentage of premium covered by employee remaining constant from 2018 to 2019

22. 2017 Survey Results

23. 2018 Property Tax Comparisons with Proposed 2019 & Projected 2028

24. Total 2019 – 2028 CIP $73,199,032

25. Next Steps September 4 – Council Work Session
Further budget discussion
September 11
Council work session for further budget discussion if needed
Preliminary levy to be adopted at Council Meeting
December 12 – Council Meeting
2019 Public Hearing
2019 budget, CIP, and Utility Rates to be adopted

26. Comments/Questions