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 e...
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