HomeMy WebLinkAbout(WORKSHOP) Proposed Budget 8.15.23 #3FY 2023-2024
Proposed Budget
August 15, 2023 - Workshop
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Capital Improvement Program FY 2024
Proposed Projects:
•Street Improvements 10,700,000
•Drainage Improvements 800,000
•General Improvements 14,497,000
•Water Utility Improvements 8,094,000
•Solid Waste Improvements 2,000,000
•Downtown Revitalization 50,000
•Transit Capital Expenditures 3,880,000
•Pleasure Island Improvements 439,000
•Total $40,460,000
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Capital Improvement Program FY 2024
Street Improvements
Projects:
Street Rehab/Reconstruction 10,000,000
Street Striping Program 500,000
Sidewalk Rehab 200,000
Total Project Cost $10,700,000
Funding Sources:
General Fund Cash 700,000
Certificates of Obligation 10,000,000
Total Funding Sources $10,700,000
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Capital Improvement Program FY 2024
Drainage Improvements
Projects:
Drainage Pump Station Improvements 800,000
Funding Sources:
Certificates of Obligation 800,000
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Capital Improvement Program FY 2024
General Improvements
Projects:
Information Technology 452,000
City Facility Improvements 9,945,000
Fire 2,700,000
Public Works 100,000
Parks and Recreation 1,300,000
Total Project Cost $14,497,000
Funding Sources:
General Fund Cash 2,622,000
Certificates of Obligation 8,175,000
Capital Lease 2,700,000
EDC Sales Tax Contribution 1,000,000
Total Funding Sources $14,497,000
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Capital Improvement Program FY 2024
City Facility Improvements
Projects: 2024 2025
Relocate Animal Shelter 3,000,000 -
Replace Fire Station Port Acres 5,175,000 -
Replace Fire Station Westside - 5,175,000
Upgrade Existing City Facilities 1,770,000 -
Relocate Public Safety Facilities - 4,500,000
Total Projects Cost $9,945,000 $9,675,000
Funding Sources:
General Fund Cash 1,770,000 -
Certificates of Obligation 8,175,000 9,675,000
Total Funding Sources $9,945,000 $9,675,000
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Capital Improvement Program FY 2024
Water Utility Improvements
Projects:
Lift Stations 1,000,000 Sabine Pass Collection System 500,000 Sabine Pass Waste-Water Treatment Plant 394,000 Collection Systems Rehab 1,000,000 Main WWTP System Improvements 1,700,000Lead & Copper Phase I 500,000Water Purification Plant Electrical Improvements 1,000,000Atlanta Water Line Replacement 1,500,000Fire Hydrant Replacement 500,000Total Project Cost $8,094,000
Funding Sources:
Water Fund Cash 2,000,000
Certificates of Obligation 5,594,000
Grant 500,000 Total Funding Sources $8,094,000
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Capital Improvement Program FY 2024
Pleasure Island Improvements
Projects:
RV Park Playscape 65,000
Lakefront Park Improvements 124,000
Master Plan for Pleasure Island 250,000
Total Project Cost $439,000
Funding Sources:
Cash – Pleasure Island $439,000
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Certificate of Obligation List
General Fund
Streets Reconstruction 10,000,000
Drainage Pump Stations 800,000
Replace Fire Station Pt Acres – Constr. 5,175,000Relocate Animal Shelter 3,000,000
General Fund Subtotal 18,975,000
Water Fund
Lift Stations 1,000,000
Sabine Pass WWTP 394,000
Collection systems rehab 1,000,000
Main WWTP Improvements 1,700,000
Atlanta Water Line Replacement 1,500,000
Water Fund Subtotal 5,594,000
Grand Total $24,569,000
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Key Dates
•Aug. 1 Tuesday City Council Proposed Budget Overview
•Aug. 8 Tuesday City Council Proposed Budget Workshop, Hold record vote on the
proposed tax rate via resolution
•Aug. 15 Tuesday City Council Proposed Budget Workshop
•Aug. 28 Monday Public Hearing on Budget
•Aug. 29 Tuesday Public Hearing on Tax Rate, Adopt Budget, Tax Roll and Tax Rate
Denotes a special Council Meeting
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Adopt Budget August 29
Questions/Changes?
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