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The water and sewer operations are run as enterprise funds; <br />therefore, the assumption in this Five-Year Program is that <br />operating and capital costs will be funded from water and sewer- <br />related fees. Staff is currently working with a consultant to <br />determine the appropriateness of making water connection and <br />user fee adjustments to offset future capital replacement costs. <br />A report is expected within 90 days. <br /> <br />Contributions from th~ General Fund: The Five-Year Capital <br />Improvement Program proposes to utilize $6,580,500 of General <br />Fund contributions during the five years of the Program. These <br />funds will be used to pay for a variety of projects, including <br />approximately $6,310,936 for debt service for proposed new <br />projects, including the Senior Center, two gymnasiums, expansion <br />of the Police Station, fourth Fire Station and for approximately <br />one-half of the existing Corporate Yard debt service. A <br />distribution of General Fund contributions over the five-year <br />period is as follows: <br /> <br />FY 90/91 FY 91/9~ FY 92/93 FY 93/94 FY 94/95 TOTAL <br /> <br />$460,000 $1,645,000 $1,450,000 $1,650,000 $1,375,000 $6,580,000 <br /> <br />This contribution is consistent with the general fund <br />contributions in last year's Capital Improvement Program. <br />Charts showing revenue and expenditure summaries are included <br />at the end of this section. <br /> <br />Lona-TermDebt Servic~ <br />As indicated above, the Program includes provisions to provide <br />long-term debt service (lease-payments) to finance $11,500,000 <br />worth of new capital improvements over the five-year period. <br />Debt service over the five-year period for these new projects <br />is estimated to be $4,500,000. A listing of the new proposed <br />projects is as follows: <br /> <br />4 <br /> <br /> <br />