Summary
To: Town Commission
From: Ashley L. A. Bernal
Date: 8/17/2021
______________________________________________________________________
Subject:
Title
2021-2022 Budget Discussion: Capital Equipment and Infrastructure Plan
Summary:
This is the presentation of the Capital Equipment and Infrastructure funds, with recently updated equipment and vehicles that have been added over the 2020-2021 budget year.
Body
Previous Commission Action: Discussion of General and Enterprise funds, as well as pay and compensation study which impacted personnel costs.
Background/Problem Discussion: The Capital Equipment Replacement Fund retains capital set aside for the General Fund. Equipment and vehicles are depreciated using a salvage added, straight line methodology. Each department is responsible for funding this depreciation by way of capital transfer to the Capital Equipment Replacement Fund (CERF;301). Attached to this item is a description of each department’s equipment and vehicular transfer schedules. At a high level, here are the transfers to Fund 301 for the General Fund:
|
Department |
Amount |
|
Administration |
$7,203 |
|
Support Services |
$28,866 |
|
Police |
95,328 |
|
Public Works |
$48,877 |
|
Recreation |
$34,060 |
|
Total |
$214,334 |
Additionally, the Capital Improvement Master Plan has been attached to this item. Listed below are the projects proposed for 2021-2022 update with Approved Master Plan Estimates:
• Carl Avenue with Shirley addition - $11,960,125
• Pinellas Road Final: $3,072,752
• Bayview Bridge to Indian Rocks Road Engineering - $163,200
• Indian Rocks Road (Mehlenbacher to Poinsettia) Engineering & Construction - $2,951,102
• Bluff Study - $135,000
• Belleair Creek (Ponce to Bridge) Study - $78,000
• Ponce de Leon Blvd (Roundabout to Trail) - $153,000
• Bridge Repairs (Winston and North Pine) - $97,000
• Seawall Repairs - $260,000
The Capital Improvement Master Plan contains outlay for future projects and timelines through 2024-2025.
Expenditure Challenges: The capital equipment expenditures have been updated in the General Fund budget, which will be reflected at the first hearing in September.
Recommendation: No recommendation is needed, this item is only for discussion.
Proposed Motion: No motion is needed, this item is only for discussion.