Attachment 5
Projected Street-Related Expenditures
Without and With Street Financing
WITHOUT STREET FINANCING
No Debt Issuance FY24-25 FY25-26 FY26-27 FY27-28 FY28-29 Total Projected Road Related Expenditures [A] 10,000,000$ 7,500,000 $ 7,500,000 $ 7,500,000 $ 7,500,000 $ Total Projected Road Expenditures - CIP [A] - [B] 8,000,000$ 5,500,000 $ 5,500,000 $ 5,500,000 $ 5,500,000 $ M2 - Roads 1,500,000 - - - - SB1 - Roads 3,500,000 3,500,000 3,500,000 3,500,000 3,500,000 General Fund - PW Maintenance Expenditures [B] 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 Infrastructure Fund - Road Expenditures 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 General Fund - Road Expenditures 1,000,000 - - - - Total General Fund MOE Eligible Expenditures 5,000,000$ 4,000,000 $ 4,000,000 $ 4,000,000 $ 4,000,000 $ MOE - General Fund Requirement 4,900,000 4,900,000 5,500,000 5,500,000 5,500,000 MOE Shortfall - $ (900,000)$ (1,500,000)$ (1,500,000) $ (1,500,000) $ Assumptions:
(1) No additional General Fund Road Expenditures included beyond FY 2024-25. (2) MOE shortfall begins FY 2025-26 and the City will not be eligible to receive M2 funding.
WITH STREET FINANCING
Street Financing - Debt Issuance FY24-25 FY25-26 FY26-27 FY27-28 FY28-29 Total Projected Road Related Expenditures
[A] 16,000,000$ 16,500,000 $ 16,250,000 $ 16,250,000 $ 5,500,000 $ Total Projected Road Expenditures - CIP [A] - [B] 14,000,000$ 14,500,000 $ 14,250,000 $ 14,250,000 $ 3,500,000 $ M2 - Roads 1,500,000 1,500,000 1,500,000 1,500,000 - SB1 - Roads 3,500,000 3,500,000 3,500,000 3,500,000 3,500,000 General Fund - PW Maintenance Expenditures [B] 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 Infrastructure Fund - Road Expenditures 1,000,000 - - - - General Fund - Street Financing Projects 7,000,000 9,500,000 9,250,000 9,250,000 - General Fund - Road Expenditures 1,000,000 - - - - Total General Fund MOE Eligible Expenditures 11,000,000$ 11,500,000 $ 11,250,000 $ 11,250,000 $ 2,000,000 $ MOE - General Fund Requirement 4,900,000 4,900,000 5,500,000 5,500,000 5,500,000 MOE Shortfall - $ - $ - $ - $ (3,500,000)$ Assumptions:
(1) $35 million street financing spanning across 4 fiscal years; maximum annual debt service payments of $2.5 million over 20-years (2) No additional General Fund Road Expenditures included beyond FY 2024-25. (3) MOE shortfall begins FY 2028-29 and the City will not be eligible to receive M2 funding.