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09/04/2012 - Special Meeting City Council Agenda Special Meeting Date: 9/4/2012- 6:00 PM Location:Special Budget Meeting Council Chambers - City Hall Welcome. We are glad to have you join us. If you wish to speak, please wait to be recognized, then state your name and address. Persons speaking before the City Council shall be limited to three (3) minutes unless otherwise noted under Public Hearings. For other than Citizens to be heard regarding items not on the Agenda, a spokesperson for a group may speak for three (3) minutes plus an additional minute for each person in the audience that waives their right to speak, up to a maximum of ten (10) minutes. Prior to the item being presented, please obtain the needed form to designate a spokesperson from the City Clerk (right-hand side of dais). Up to thirty minutes of public comment will be allowed for an agenda item. No person shall speak more than once on the same subject unless granted permission by the City Council. The City of Clearwater strongly supports and fully complies with the Americans with Disabilities Act (ADA). Please advise us at least 48 hours prior to the meeting if you require special accommodations at 727-562-4090. Assisted Listening Devices are available. Kindly refrain from using beepers, cellular telephones and other distracting devices during the meeting. 1. Call to Order 2.Administrative Public Hearings - Presentation of issues by City staff - Statement of case by applicant or representative (5 min.) - Council questions - Comments in support or opposition (3 min. per speaker or 10 min maximum as spokesperson for others that have waived their time) - Council questions - Final rebuttal by applicant or representative (5 min.) - Council disposition 2.1Set a final millage rate of 5.1550 mills for fiscal year 2012/13 against non-exempt real and persaonl property with the City of Clearwater and pass Ordinance 8355-12 on first reading. Attachments 2.2Approve the City of Clearwater Annual Operating Budget for the 2012/13 fiscal year and pass Ordinance 8356-12 on first reading. Attachments 2.3Adopt the Fiscal Year 2012/13 Annual Capital Improvement Budget and establish a six-year plan for the Capital Improvement Program (CIP) and pass Ordinance 8357-12 on first reading. Attachments 2.4Approve the recommended Penny for Pinellas project list, as revised for Fiscal Years 2012/13 through 2019/20. Attachments 3. Adjourn Meeting Date: 9/4/2012 Special City Council Agenda Special Budget Meeting Council Chambers - City Hall SUBJECT / RECOMMENDATION: Set a final millage rate of 5.1550 mills for fiscal year 2012/13 against non-exempt real and persaonl property with the City of Clearwater and pass Ordinance 8355-12 on first reading. SUMMARY: In accordance with Chapter 200 of the Florida Statutes, which defines requirements for the Determination of Millage and the rules governing Truth in Millage (TRIM) compliance, the City Council must hold two public hearings to adopt a final millage rate for the new year. The adoption of this ordinance to establish the millage rate and the two related budget ordinances are an integral part of fulfilling these requirements. The City Council set a tentative millage rate of 5.1550 mills on July 19, 2012, which is the rate that appeared on the TRIM bill notices mailed to taxpayers in August. The millage rate of 5.1550 mills represents a 1.60% decrease from the rolled back rate of 5.2387 mills. Ordinance 8355-12 is presented in order to adopt the millage rate of 5.1550 mills to support the operating and capital improvement budgets for the 2012/13 fiscal year. Review Approval: 1) Office of Management and Budget 2) Legal 3) Clerk 4) Assistant City Manager 5) City Manager 6) Clerk Cover Memo Item # 1 Attachment number 1 \nPage 1 of 1 Item # 1 Meeting Date: 9/4/2012 Special City Council Agenda Special Budget Meeting Council Chambers - City Hall SUBJECT / RECOMMENDATION: Approve the City of Clearwater Annual Operating Budget for the 2012/13 fiscal year and pass Ordinance 8356-12 on first reading. SUMMARY: In accordance with Chapter 200 of the Florida Statutes and the rules governing Truth in Millage (TRIM) compliance, the City Council must hold two public hearings to adopt the budget. The adoption of this ordinance and the related ordinances adopting the 2012/13 millage rate and the Capital Improvement Budget are an integral part of fulfilling these requirements. On June 30, 2012, the City Manager provided the City Council with a Preliminary Annual Operating and Capital Improvement Budget that outlined proposed estimates of revenues and expenditures for the 2012/13 fiscal year. On July 16, 2012, the City Manager presented the preliminary budget at the work session for Council discussion. The preliminary budget was also presented at the July 19, 2012 council meeting for citizen input. No changes have been made to the preliminary plan as presented. Review Approval: 1) Office of Management and Budget 2) Legal 3) Clerk 4) Assistant City Manager 5) City Manager 6) Clerk Cover Memo Item # 2 Attachment number 1 \nPage 1 of 2 Item # 2 Attachment number 1 \nPage 2 of 2 Item # 2 Attachment number 2 \nPage 1 of 4 Page 1 EXHIBIT A CITY OF CLEARWATER 2012-13 BUDGET SpecialSpecialTotal General DevelopmentProgramGovernmental GOVERNMENTAL FUNDSFundFundFundFunds Balances Brought Forward 20,341,013 7,362,763 19,824,731 47,528,507 Budgeted Revenues Ad Valorem Taxes35,468,7601,774,38037,243,140 Utility Taxes13,614,18013,614,180 Local Option, Fuel & Other Taxes8,247,3809,781,11018,028,490 Franchise Fees10,562,93010,562,930 Other Permits and Fees1,607,6001,607,600 Intergovernmental Revenue18,247,5101,021,56019,269,070 Charges for Services13,080,800195,00013,275,800 Judgements, Fines and Forfeits616,650616,650 Miscellaneous Revenues1,356,00035,00050,0001,441,000 Transfers In7,671,86073,0007,744,860 Other Financing Sources0 TOTAL BUDGETED REVENUES110,473,67011,785,4901,144,560123,403,720 TOTAL REVENUES, TRANSFERS, AND BALANCES 130,814,683 19,148,253 20,969,291 170,932,227 Budgeted Expenditures City Council279,220279,220 City Manager's Office1,232,2401,232,240 City Attorney's Office1,537,1801,537,180 City Audit194,080194,080 Economic Development and Housing 1,246,5601,246,560 Engineering7,663,6007,663,600 Finance2,162,4302,162,430 Fire 24,430,70024,430,700 Human Resources 1,029,3301,029,330 Library5,818,1605,818,160 Marine & Aviation593,640593,640 Non-Departmental3,330,3903,330,390 Office of Management & Budget305,310305,310 Official Records and Legislative Services1,012,0301,012,030 Parks and Recreation20,958,91020,958,910 Planning and Development4,754,1504,754,150 Police35,700,77035,700,770 Public Communications903,840903,840 Public Utilities238,930238,930 General Government Services3,0003,000 Economic Environment1,021,5601,021,560 Culture and Recreation570,000570,000 Transfers Out14,236,57014,236,570 TOTAL BUDGETED EXPENDITURES113,391,47014,236,5701,594,560129,222,600 Fund Balances/Reserves/Net Assets 17,423,213 4,911,683 19,374,731 41,709,627 TOTAL EXPENDITURES AND BALANCES130,814,68319,148,25320,969,291170,932,227 Item # 2 Ordinance No. 8356-12 Attachment number 2 \nPage 2 of 4 Page 2 EXHIBIT A CITY OF CLEARWATER 2012-13 BUDGET WaterStormwaterSolidTotal & SewerUtility WasteGasRecycling Utility UTILITY FUNDSFundFundFundFundFundFunds Balances Brought Forward 41,718,676 23,883,203 22,915,086 26,618,769 5,060,096 120,195,830 Budgeted Revenues Ad Valorem Taxes Utility Taxes Local Option, Fuel & Other Taxes Franchise Fees Other Permits and Fees 1,000 250 1,250 Intergovernmental Revenue Charges for Services63,438,05016,075,10018,996,26037,027,4401,650,000 137,186,850 Judgements, Fines and Forfeits271,00050,00085,100150,0007,200 563,300 Miscellaneous Revenues1,598,120261,850645,500909,200946,050 4,360,720 Transfers In Other Financing Sources TOTAL BUDGETED REVENUES65,307,17016,386,95019,727,86038,086,6402,603,500142,112,120 TOTAL REVENUES, TRANSFERS, AND BALANCES 107,025,846 40,270,153 42,642,946 64,705,409 7,663,596 262,307,950 Budgeted Expenditures Water & Sewer Fund Public Utilities Administration917,000 917,000 Wastewater Collection7,907,580 7,907,580 Public Utilites Maintenance4,460,630 4,460,630 WPC Plant Operations14,562,640 14,562,640 WPC Laboratory Operations1,279,230 1,279,230 WPC Industrial Pretreatment895,130 895,130 Water Distribution9,136,110 9,136,110 Water Supply8,725,640 8,725,640 Reclaimed Water 2,353,360 2,353,360 Non-Departmental13,900,740 13,900,740 Stormwater Fund Stormwater Management12,404,090 12,404,090 Stormwater Maintenance6,040,090 6,040,090 Solid Waste Administration935,360 935,360 Collection 15,359,490 15,359,490 Transfer1,464,310 1,464,310 Container Maintenance795,930 795,930 Gas Fund Administration and Supply23,382,040 23,382,040 Pinellas Gas Operations6,148,580 6,148,580 Pasco Gas Operations1,827,030 1,827,030 Gas Marketing and Sales3,238,180 3,238,180 Recycling Fund Residential1,143,080 1,143,080 Multi Family475,960 475,960 Commercial1,326,610 1,326,610 TOTAL BUDGETED EXPENDITURES64,138,06018,444,18018,555,09034,595,8302,945,650138,678,810 Fund Balances/Reserves/Net Assets 42,887,786 21,825,973 24,087,856 30,109,579 4,717,946 123,629,140 Item # 2 TOTAL EXPENDITURES AND BALANCES107,025,84640,270,15342,642,94664,705,4097,663,596262,307,950 Ordinance No. 8356-12 Attachment number 2 \nPage 3 of 4 Page 3 EXHIBIT A CITY OF CLEARWATER 2012-13 BUDGET ClearwaterTotal Harbor Other AirparkMarineMarineParkingHarborviewEnterprise OTHER ENTERPRISE FUNDSFundFundFundFundFundFunds Balances Brought Forward 359,365 142,522 827,746 5,681,266 648,842 7,659,741 Budgeted Revenues Ad Valorem Taxes Utility Taxes Local Option, Fuel & Other Taxes Franchise Fees Other Permits and Fees Intergovernmental Revenue 50,000 50,000 Charges for Services5,0004,527,620 424,000 3,530,500 8,487,120 Judgements, Fines and Forfeits3,000 200 600,000 603,200 Miscellaneous Revenues255,00033,000 2,000 367,000 148,000 805,000 Transfers In - Other Financing Sources TOTAL BUDGETED REVENUES260,0004,563,620476,2004,497,500148,0009,945,320 TOTAL REVENUES, TRANSFERS, AND BALANCES 619,365 4,706,142 1,303,946 10,178,766 796,842 17,605,061 Budgeted Expenditures Airpark Fund Airpark Operations155,290 155,290 Marine Fund Marina Operations 4,510,610 4,510,610 Clearwater Harbor Marine Fund Clearwater Harbor Marina Operations 394,830 394,830 Parking Fund Parking System 2,939,740 2,939,740 Parking Enforcement 600,000 600,000 Beach Guard Operations 468,050 468,050 Harborview Center Fund Harborview Center Operations 41,350 41,350 TOTAL BUDGETED EXPENDITURES155,2904,510,610394,8304,007,79041,3509,109,870 Fund Balances/Reserves/Net Assets 464,075 195,532 909,116 6,170,976 755,492 8,495,191 TOTAL EXPENDITURES AND BALANCES619,3654,706,1421,303,94610,178,766796,84217,605,061 Item # 2 Ordinance No. 8356-12 Attachment number 2 \nPage 4 of 4 Page 4 EXHIBIT A CITY OF CLEARWATER 2012-13 BUDGET AdministrativeGeneralCentral ServiceServiceGarageInsurance INTERNAL SERVICE FUNDSFundFundFundFundTotal Balances Brought Forward 6,278,261 981,482 4,586,230 21,134,429 32,980,402 Budgeted Revenues Ad Valorem Taxes Utility Taxes Local Option, Fuel & Other Taxes Franchise Fees Other Permits and Fees Intergovernmental Revenue Charges for Services 8,990,200 4,616,940 12,461,200 17,212,880 43,281,220 Judgements, Fines and Forfeits Miscellaneous Revenues 120,000 30,000 487,000 1,016,500 1,653,500 Transfers In 92,350 92,350 Other Financing Sources TOTAL BUDGETED REVENUES9,110,2004,646,94012,948,20018,321,73045,027,070 TOTAL REVENUES, TRANSFERS, AND BALANCES 15,388,461 5,628,422 17,534,430 39,456,159 78,007,472 Budgeted Expenditures Administrative Services Fund Information Technology/Administration 367,590 367,590 Network Services 2,047,360 2,047,360 Software Applications2,189,570 2,189,570 Telecommunications864,840 864,840 Courier158,070 158,070 Clearwater Customer Service3,482,500 3,482,500 - General Services Fund - Administration519,860 519,860 Building and Maintenance4,059,540 4,059,540 - Garage Fund - Fleet Maintenance 12,554,970 12,554,970 Radio Communications 457,840 457,840 - Central Insurance Fund - Risk Management 413,640 413,640 Employee Benefits 366,500 366,500 Employee Health Center 1,635,830 1,635,830 Non-Departmental 17,559,690 17,559,690 TOTAL BUDGETED EXPENDITURES 9,109,930 4,579,400 13,012,810 19,975,660 46,677,800 Fund Balances/Reserves/Net Assets 6,278,531 1,049,022 4,521,620 19,480,499 31,329,672 TOTAL EXPENDITURES AND BALANCES 15,388,461 5,628,422 17,534,430 39,456,159 78,007,472 Item # 2 Ordinance No. 8356-12 Attachment number 3 \nPage 1 of 2 Page 1 EXHIBIT B CITY OF CLEARWATER 2012-13 BUDGET TotalTotal Total Total Other InternalTotal GovernmentalUtilityEnterpriseServiceAll ALL FUNDSFundsFundsFundsFundsFunds Balances Brought Forward 47,528,507 120,195,830 7,659,741 32,980,402 208,364,480 Budgeted Revenues Ad Valorem Taxes37,243,14037,243,140 Utility Taxes13,614,18013,614,180 Local Option, Fuel & Other Taxes18,028,49018,028,490 Franchise Fees10,562,93010,562,930 Other Permits and Fees1,607,6001,2501,608,850 Intergovernmental Revenue19,269,070 50,00019,319,070 Charges for Services13,275,800137,186,8508,487,12043,281,220202,230,990 Judgements, Fines and Forfeits616,650563,300603,2001,783,150 Miscellaneous Revenues1,441,0004,360,720805,0001,653,5008,260,220 Transfers In7,744,86092,3507,837,210 Other Financing Sources TOTAL BUDGETED REVENUES123,403,720142,112,1209,945,32045,027,070320,488,230 TOTAL REVENUES, TRANSFERS, AND BALANCES 170,932,227 262,307,950 17,605,061 78,007,472 528,852,710 Budgeted Expenditures City Council279,220279,220 City Manager's Office1,232,2401,232,240 City Attorney's Office1,537,1801,537,180 City Audit194,080194,080 Economic Development and Housing 1,246,5601,246,560 Engineering7,663,6007,663,600 Finance2,162,4302,162,430 Fire 24,430,70024,430,700 Human Resources 1,029,3301,029,330 Library5,818,1605,818,160 Marine & Aviation593,640593,640 Non-Departmental3,330,3903,330,390 Office of Management & Budget305,310305,310 Official Records and Legislative Services1,012,0301,012,030 Parks and Recreation20,958,91020,958,910 Planning and Development4,754,1504,754,150 Police35,700,77035,700,770 Public Communications903,840903,840 Public Services238,930238,930 General Government Services3,0003,000 Economic Environment1,021,5601,021,560 Culture and Recreation570,000570,000 Transfers Out14,236,57014,236,570 Water & Sewer Fund Expenditures Public Utilities Administration917,000917,000 Wastewater Collection7,907,5807,907,580 Public Utilites Maintenance4,460,6304,460,630 WPC Plant Operations14,562,64014,562,640 WPC Laboratory Operations1,279,2301,279,230 WPCIndustrial Pretreatment895,130895,130 Water Distribution9,136,1109,136,110 Water Supply8,725,6408,725,640 Reclaimed Water 2,353,3602,353,360 Non-Departmental13,900,74013,900,740 Stormwater Fund Item # 2 Stormwater Management12,404,09012,404,090 Stormwater Maintenance6,040,0906,040,090 Ordinance No. 8356-12 Attachment number 3 \nPage 2 of 2 Page 2 EXHIBIT A CITY OF CLEARWATER 2011-12 BUDGET TotalTotal Total Total Other InternalTotal GovernmentalUtilityEnterpriseServiceAll ALL FUNDSFundsFundsFundsFundsFunds Budgeted Expenditures Solid Waste Administration935,360935,360 Collection 15,359,49015,359,490 Transfer1,464,3101,464,310 Container Maintenance795,930795,930 Gas Fund Administration and Supply23,382,04023,382,040 Pinellas Gas Operations6,148,5806,148,580 Pasco Gas Operations1,827,0301,827,030 Gas Marketing and Sales3,238,1803,238,180 Recycling Fund Residential1,143,0801,143,080 Multi Family475,960475,960 Commercial1,326,6101,326,610 Airpark Fund Airpark Operations155,290155,290 Marine Fund Marina Operations4,510,6104,510,610 Clearwater Harbor Marine Fund Clearwater Harbor Marina Operations394,830394,830 Parking Fund Parking System2,939,7402,939,740 Parking Enforcement600,000600,000 Beach Guard Operations468,050468,050 Harborview Center Fund Harborview Center Operations41,35041,350 Administrative Services Fund Information Technology/Administration367,590367,590 Network Services2,047,3602,047,360 Software Applications2,189,5702,189,570 Telecommunications864,840864,840 Courier158,070158,070 Clearwater Customer Service3,482,5003,482,500 General Services Fund Administration519,860519,860 Building and Maintenance4,059,5404,059,540 Garage Fund Fleet Maintenance12,554,97012,554,970 Radio Communications457,840457,840 Central Insurance Fund Risk Management413,640413,640 Employee Benefits366,500366,500 Employee Health Center1,635,8301,635,830 Non-Departmental17,559,69017,559,690 TOTAL BUDGETED EXPENDITURES129,222,600138,678,8109,109,87046,677,800323,689,080 Fund Balances/Reserves/Net Assets 41,709,627 123,629,140 8,495,191 31,329,672 205,163,630 TOTAL EXPENDITURES AND BALANCES170,932,227262,307,95017,605,06178,007,472528,852,710 Item # 2 Ordinance No. 8356-12 Meeting Date: 9/4/2012 Special City Council Agenda Special Budget Meeting Council Chambers - City Hall SUBJECT / RECOMMENDATION: Adopt the Fiscal Year 2012/13 Annual Capital Improvement Budget and establish a six-year plan for the Capital Improvement Program (CIP) and pass Ordinance 8357-12 on first reading. SUMMARY: In accordance with Chapter 200 of the Florida Statutes and the rules governing Truth in Millage (TRIM) compliance, the City Council must hold two public hearings to adopt the final budget. The adoption of this ordinance and the related ordinances adopting the 2012/13 millage rate and operating budget are an integral part of fulfilling these requirements. On June 30, 2012, the City Manager provided the City Council with a Preliminary Annual Operating and Capital Improvement Budget that outlined proposed estimates of revenues and expenditures for the 2012/13 fiscal year. On July 16, 2012, the City Manager presented the preliminary budget at the work session for Council discussion. The preliminary budget was also presented at the July 19, 2012 council meeting for citizen input. No changes have been made to the preliminary plan as presented. Review Approval: 1) Office of Management and Budget 2) Legal 3) Clerk 4) Assistant City Manager 5) City Manager 6) Clerk Cover Memo Item # 3 Attachment number 1 \nPage 1 of 2 Item # 3 Attachment number 1 \nPage 2 of 2 Item # 3 Attachment number 2 \nPage 1 of 2 Item # 3 Attachment number 2 \nPage 2 of 2 Item # 3 Attachment number 3 \nPage 1 of 1 Item # 3 Meeting Date: 9/4/2012 Special City Council Agenda Special Budget Meeting Council Chambers - City Hall SUBJECT / RECOMMENDATION: Approve the recommended Penny for Pinellas project list, as revised for Fiscal Years 2012/13 through 2019/20. SUMMARY: On March 6, 1997, the City Council adopted Ordinance 6137-97. The ordinance established the requirement for a special hearing prior to adoption of the capital improvement budget to discuss the use of Penny for Pinellas tax, and at any time in which there is any proposed change to the Penny for Pinellas project funding of $500,000 or more The attached worksheet details all changes to Penny for Pinellas projects. The changes that meet this criteria in the proposed 2012/13 capital improvement plan include: · Ruth Eckerd Hall  This project was originally funded for $4 million in 2010 to provide for the expansion of the PACT learning center (Marsha P. Hoffman Institute of Performing Arts) by providing additional space for classes and activities currently being conducted at the center. The funding amount for this project is proposed to be reduced to $500,000 with the balance of $3.5 million allocated to the Capitol Theatre project. · Capitol Theatre  This project proposes funding of $3.5 million transferred from the Ruth Eckerd Hall project to provide major renovations and improvements to the Capitol Theatre. · Youth Sports Fields Renovations  The Youth Sports Field Project proposes a reduction of $2.5 million to allocate the funding to the specific Sid Lickton Field project. · Sid Lickton Complex Renovations  This new project totaling $2.5 million funded from the Youth Sports Fields Renovation project provides for major renovations and improvements of the baseball and softball fields at this youth sports facility. Review Approval: 1) Office of Management and Budget 2) Legal 3) Clerk 4) Assistant City Manager 5) City Manager 6) Clerk Cover Memo Item # 4 Attachment number 1 \nPage 1 of 1 · · · · Item # 4 Penny for Pinellas - Proposed Funding for September 2012 Public Fiscal Years 2012/13 - 2019/20 Penny III Proposed Penny III Approved ChangesRevised Total Projects Projects2012/132013/142014/152015/162016/172017/182018/192019/20Approved Beginning Balance: 4,497,552 3,253,662 2,732,525 2,629,135 693,580 331,633 3,550,136 2,405,060 4,497,552 Penny III Proceeds 8,381,110 8,632,543 8,891,520 9,158,265 9,433,013 9,716,004 10,007,484 4,231,940 68,451,878 Estimated Revenue 12,878,662 11,886,205 11,624,045 11,787,400 10,126,593 10,047,636 13,557,620 6,637,000 72,949,430 High Priority Downtown Intermodal Facility 5,425,000 5,425,000 5,425,000 5,425,000 5,425,000 Police Vehicles 900,000 900,000 300,000 200,000 200,000 100,000 100,000 900,000 Fire Engines 1,100,500 1,100,500 528,680 571,820 1,100,500 Main Station Fire Station Replacement - - - Countryside Fire Station 3,697,910 3,697,910 400,000 3,297,910 3,697,910 Lakeview Fire Station 4,198,460 4,198,460 400,000 3,798,460 4,198,460 Clearwater Beach Fire Station 4,305,560 4,305,560 400,000 3,905,560 4,305,560 Medium Priority City-wide Seawall Replacement 4,480,000 4,480,000 245,000 605,000 605,000 605,000 605,000 605,000 605,000 605,000 4,480,000 Traffic Calming 3,220,000 3,220,000 280,000 420,000 420,000 420,000 420,000 420,000 420,000 420,000 3,220,000 Consolidated "Eastside/SPC" Library 7,500,000 7,500,000 500,000 7,000,000 7,500,000 Countryside Library Renovation 4,700,000 4,700,000 4,700,000 4,700,000 Library Technology 1,250,000 1,250,000 1,250,000 1,250,000 Ruth Eckerd Hall 4,000,000 (4,000,000) - 4,000,000 500,000 500,000 Capitol Theatre 4,000,000 4,000,000 3,500,000 3,500,000 Coachman Park Redevelopment 5,000,000 5,000,000 5,000,000 5,000,000 New Sidewalk Construction 2,833,250 2,833,250 472,000 472,000 472,000 472,000 472,000 473,250 2,833,250 Low Priority Downtown Streetscaping 6,000,000 6,000,000 2,000,000 2,000,000 2,000,000 6,000,000 Sid Lickton Complex Renovations 2,350,000 2,350,000 2,350,000 2,350,000 600,500 Youth Sports Fields Renovations 4,850,500 (2,500,000) 2,350,500 1,350,500 1,750,000 1,750,000 2,350,500 Neighborhood Parks Renovations 5,000,000 5,000,000 1,250,000 1,250,000 1,250,000 1,250,000 5,000,000 268,500 Joe DiMaggio Press Box & Storage 180,000 88,500 268,500 180,000 268,500 EC Moore 8 & 9 Renovations/Press Box 175,000 175,000 175,000 175,000 Frank Tack Park Parking Lot 488,000 (88,500) 399,500 88,500 399,500 399,500 Countryside Plex Restroom/Concession 656,500 656,500 656,500 656,500 Bicycle Paths-Bridges 3,000,000 3,000,000 750,000 750,000 750,000 750,000 3,000,000 Total Penny III Projects 72,960,680 (150,000) 72,810,680 Planned Project Expenditures 72,960,680 (150,000) 72,810,680 9,625,000 9,153,680 8,994,910 11,093,820 9,794,960 6,497,500 11,152,560 6,498,250 72,810,680 Estimated Available Balance3,253,6622,732,5252,629,135693,580331,6333,550,1362,405,060138,750138,750 Item # 4