Dubuque Racing Association 2000 CIP
CITY OF DUBUQUE, IOWA
MEMORANDUM
October 28, 1999
TO: The Honorable Mayor and City Council Members
FROM: Michael C. Van Milligen, City Manager
SUBJECT:
Dubuque Racing Association 2000 Capital Improvement Program
I respectfully request Mayor and City Council approval of the Dubuque Racing
Association's 2000 Capital Improvement Program and the use of DRA Reserve
Funds and Depreciation and Improvement Funds as detailed in the attached plan.
MCVM/j
Attachment
cc: Barry Lindahl, Corporation Counsel
Tim Moerman, Assistant City Manager
Bruce Wentworth, General Manager, Dubuque Greyhound Park
October 25, 1999
Honorable Mayor and City Council
Dubuque City Hall
50 West 13th Street
Dubuque, IA 52001-4864
Dear Honorable Mayor and City Council:
Attached is a Capital Improvements Projects schedule detailing expenditures for 2000. DRA's
Executive and Long-Range Planning Committees have submitted this schedule to the DRA
Board of Directors and the board approved this schedule on October 19, 1999.
The Board also amended the policy that relates to the use of DRA Reserve Funds which is
reflected below in the motion:
A motion that the DRA Board of Directors approve:
. The CIP Schedule detailing total expenditures of $1.536.823 for Fiscal 2000 with the
proposed source of funds for the proiects from the DRA Reserve Fund ($1.501.823 and
the Depreciation & Improvement Fund ($35.000)
. Amend the DRA Reserve Policy bv placing an amount equivalent to maintain a fund
balance of5% of the operating budget. The balance of the distribution would then be
allocated to the Reserve Fund CIP (75%) and to the Reserve Fund Contingency (25%).
. The balance of the Reserve Fund Contingency be reviewed on an annual basis.
The motion was made by Mr. Heckmann and seconded bv Mrs. Denlinger. The motion
carried unanimously.
Provisions within the DRAlCity Lease require City concurrence and approval for certain projects
involving DRA alterations to the facility that exceed $10,000, and the use of the Depreciation
and Improvement Fund and DRA Reserve Fund.
The 2000 Schedule lists the following total expenditures:
DRA Reserve Funds:
Depreciation & Improvement Fund:
DRA Operating Cash:
Total:
$1,501,823
$ 35,000
$ 0
$1,536,823
po. Box 3190. DUBUQUE, fA 52004-3190. PHONE 319.582.3647. FAX 319.582.9074
Attached are the DRA Fiscal 2000 CIP Schedule and DRA Reserve Fund projections that were
presented to the DRA Board that detail the projects and acquisitions that the DRA wished to
proceed with.
I respectfully request that the City Council concur with and approve these expenditures.
Sincerely,
-::!3--~
Bruce Wentworth
General Manager
Dubuque Racing Association
BW/aw
ORA - Fiscal 2000 CIP Schedule
10/25/1999
2000cipf.123
I Description
ICode
19991
2000 1
2001 1
20021
20031
20041
Total I
Signage for Grandstand Food & Beveraae Bars RES $4,081 $4,081
HVAC & Electrical Service (Durrant Fees\ RES $6,020 $6,020
WAP CDS Eauipment (Purchased FlY 1998 - $9,264.95) RES N/A $0
Kitchen - Vulcan Double Stack (1\ RES $7,480 $7,480
Sand Replacement - Racetrack RES $11,375 $42,480 $53,855
Electrical Service Uparade RES $49,560 $49,560
Clubhouse Renovation (Durrant Fees) RES $98,810 $98,810
Food & Beverage - Clubhouse Renovation RES $136,576 $136,576
HVAC Unit & Construction Costs RES $198,560 $198,560
Office Furniture & Mutuel Chairs (Approved 3/23/99) RES $20,000 $20,000
Slot Machines (14) (Approved 7/20/99) RES $121,430 $121,430
Slot Machines (30 in FlY 1999) RES $223,462 $223,462
Clubhouse Renovation (See Note 3) RES $983,791 $983,791
Casino Slot Chair Replacement RES $132,810 $132,810
Brandt Coin Wrappers RES $112,551 $112,551
Paddock Office Desk (2) OPER $522 $522
Miscellaneous Software OPER $1,800 $1,800
Office Furniture (Security & EMT Office) OPER $2,576 $2,576
Promotion Entrv Boxes OPER $2,000 $2,000
Promotion Poster Wall Mounted Frames (24) OPER $2,400 $2,400
Mosler & Toshiba Chip Upgrades OPER $2,500 $2,500
Players Club Radios & Batteries (4) OPER $2,446 ~----~
, Hopper Fill Carts (2) OPER $2,610 ' -~
Kitchen - Base Unit 1 Radios (5) OPER $2,913 $2,913
Waterproof Cupola OPER $3,000 $3,000
Replacement Radios (as needed for 7 radios) OPER $3,500 $3,500
Patrol Watch OPER $3,094 $3,094
Display Props 1 Design for Promotional Items OPER $4,000 $4,000
Promotion Poster Free Standing Frames (12) OPER $4,800 $4,800
Computer Hardware Additions OPER $5,115 $5,115
Kitchen - Hobart Reach-in Refriaerator (2) OPER $7,318 $7,318
Commercial Lawnmower OPER $8,480 $8,480
Slot Stands & CDS (30 Stands 110 CDS) OPER $13,992 $13,992
Capital Contingency OPER $15,000 $15,000
Currency Counters (7\ OPER $15,945 $15,945
Trash Containers (28) OPER $17,956 $17,956
Kitchen - Pressure Fryer OPER $16,922 $16,922
Anchor Game Coin Purchase OPER ($17,272 ($17,272
Sand Replacement - Racetrack OPER $27,500 $27,500
Restaurant Area - Tables (120) OPER $28,200 $28,200
Computer Hardware Replacements OPER $41,748 $41,748
Restaurant Area - Chairs (750) OPER $56,279 $56,279
Casino Data Svstem Uparade OPER $104,538 $104,538
HRIS & Payroll Software OPER $2,231 -- $2,231
Street Repair & Paving - Kennel & West of Canopy (Per FlY 1998) 0&1 $45,812 $45,812
Landscapina - Infield and Front Entrv 0&1 $35,000 $35,000
Parkina Lot Compound - Asphalt 0&1 $62,675 $62,675
Carpet Replacement - Casino & Lobby 0&1 $83,018 $83,018
Air Conditioning for Kennels (Per Fiscal 1998 CIP) (See Note 3) 0&1 $153,240 $153,240
Additional Parkina Lot Liahtina (See Note 3) 0&1 $211,639 $211,639
Methane System Upgrade (Balance from 1999 CIP) 0&1 $747 $747
Slot Machine Replacements (82) RES $749,422 $777,288 $816,233 $846,524 $888,890 $4,078,357
Slot Machine Replacements - World Gaming Expo (12 Machines) RES $115,154 $120,911 $126,957 $133,305 $139,970 $636,297
Slot Stands (82\ RES $19,024 $19,307 $19,999 $20,452 $21,168 $99,950
CDS Player Trackina (82) RES $8,792 $8,945 $9,212 $9,372 $9,652 $45,973
Signage RES $34,920 $11,100 - t-- $46,020
Currency Counter Replacements (4) RES $10,600 -" $10,600
Cummins Jetsort Replacements (4) RES $66,534 ' I " -- $66,534
Table Skirtina RES $2,315 $2,315
Table settings (800) RES $4,260 $4,260
Ice Machine Replacements (3) ---. RES $9,951 $9,951
Food & Beveraae Carts (7) RES $1,511 $1,511
Casino Bar Refrigerator Replacement RES $1,065 $1,065
Ice Bin 1 Sink Replacement in Casino Bar RES $1,060 $1,060
Freezer Replacement RES $2,120 $2,120
Zone Offices for Temperature Control RES $8,000 $8,000
Door Veterinarv Office RES $2,400 $2,400
Chair Replacements - Grandstand Finish Line Deli RES $13,780 $13,780
Partition Repair - Grandstand Finish Line Deli RES $29,900 -~
Railing Replacement - Front Entrv RES $18,000 $18,000
Rain Roof - Sportview Camera Protection RES $1,500 $1,500
Enaineerina & Desian - Kennel Roadwavs RES $15,000 $15,000
Snowplow Truck & Blade RES $31,200 $33,100 $64 ,300
Furniture & Lobby Seatina RES $8,000 $8,000
Floor Machine Replacement RES $2,200 $2,200
Carpet Cleaning Machine RES $7,950 $7,950
CDS Upgrade RES $136,980 $136,980
Computer Hardware Additions RES $9,081 $9,081
Computer Hardware Replacements RES $48,485 $67,340 $27,290 $65,480 $53,270 $261,865
Software RES $22,592 $12,201 $14,752 $12,803 $18,354 $80,702
Phone 1 Internet Upgrade RES $8,900 $8,900
Office Furniture RES $17,750 $17,750
. .
DRA - Fiscal 2000 CIP Schedule
10/25/1999
2000cipf.123
I Description
I Code
19991
2000 I
20011
20021
20031
2004 [
Total I
Telephone - On Hold Messaae & Download Unit RES $5,500 $5,500
Telephone - Line Status Indicator RES $1,500 $1,500
Currency Count Eauipment Uparade for New Currency Series RES $5,300 $5,300
Radio Replacements (20) RES $10,840 $10,840
Radio Mics Replacements (20) RES $1,700 $1,700
Aae Verifvina System Units (8) RES $2,392 $2,392
Identi Scan System RES $1,420 $1 ,420
Wheel Chairs (2) RES $800 $800
Security Vehicle Lease (Operating Budget) RES N/A $0
Brass Displav Case & Lightina - Community Relations RES $3,500 $3,500
Web Site Desian & Development RES $4,225 $4,225
Diaital Camera & Accessories RES $1,200 $1,200
Gift Shop Displays & Fixtures RES $3,000 $3,000
Travel Booth for Sales RES $2,000 $2,000
Cap~al Continaencv RES $15,000 $15,000 $15,000 $15,000 $15,000 $75,000
Kennel Roadways RES ??? $0
Office Copier RES $22,000 $22,000
Storage Blda. & Shelvina RES $35,000 $35,000
Fu1ure Year's Continaencv (See Note # 1) RES N/A $446,683 $460,084 $473,886 $488,103 $1,868,756
,
Total $2,717,371 $1,536,823 $1,572,694 $1,532,007 $1,621,022 $1,879,768 $10,859,6841
Notes to User:
1) Future Year's Contingency is based on 80% of Fiscal 2000 CIP line items that are not also budgeted in the period 2001 through 2004.
2) Bolded amounts in Fiscal 1999 represent actual amounts on completed projects.
3) Fiscal 1999 projects restated to reflect actual bids:
Revised
Budget
$983,791
$211,639
$153240
Original
Budget
$1,181,152
$282,180
$135000
Increase
(Decrease)
($197,361)
($70,541 )
$18240
-Clubhouse Renovation (Source of Funds = Reserve)
-Parking Lot Lighting (Source of Funds = D & I)
-Air Conditionin Units for Kennels Source of Funds = D & I
~
.
.
DRA - Fiscal 2000 CIP Schedule . 1 0/25/1999
2000cipf.123
I Description ICode I 19991 2000 I 2001 I 20021 20031 20041 Total I
RES - CIP Portion of 25% Reserve Fund $1,861,145 $1,501,823 $1,489,676 $1,532,007 $1,621,022 $1,879,768 $9,885,440
D&I = Depr. & Improvement Fund $474,113 $35,000 $83,018 $0 $0 $0 $592,131
OPER = Operating Cash $382,113 $0 $0 $0 $0 $0 $382,113
Total $2 717 371 $1 536823 $1 572.694 $1 532007 $1 621 022 $1 879768 $10859684
D & I Fund Balance Calculation
D & I Fund Balance Start Of Fiscal Year $924,217 $272,158 $370,766 $426,286 $567,600 $715,980
Resources - Annual Payments $120,000 $120,000 $120,000 $120,000 $120,000 $120,000
Uses - From Prior Year ($94,157) N/A N/A N/A N/A N/A
Uses - Current Year ($474,113) ($35,000) ($83,018) $-0 $-0 $-0
Restricted Funds ($250,000) N/A N/A N/A N/A N/A
Interest Income (5% Rate) $46,211 $13,608 $18,538 $21,314 $~28,380 $35,799
Fund Balance Available $272 158 $370 766 $426 286 $567 600 715980 $871 779
CIP Fund of DRA Reserve Fund
Fund Balance Start Of Fiscal Year $1,293,362 $0 $22,978 $358,097 $605,842 $650,562
Resources - Annual Payment (Start of Fiscal Year) $1,855,000 $2,052,350 $2,425,503 $2,354,395 $2,199,945 $2,081,363
Uses - From Prior Year ($960,373)
Uses - Current Year ($1,861,145) ($1,501,823) ($1,489,676) ($1,532,007) ($1,621,022) ($1,879,768
Restricted Funds (5% Of Operating Expenses) ($34,784) ($20,742) ($15,179) ($19,858) ($20,261 ) ($20,043
Restricted Funds - Contingency - From (To) $314,678 ($507,902) ($602,581) ($583,634) ($544,921) ($515,330
Restricted Funds - Debt Reserve ($606,738) $-0 $-0 $-0 $-0 $-0
Interest Income $0 $1,094 $17,052 $28,850 $30,979 $15,839
Fund Balance $0 $22 978 $358 097 $605 842 $650 562 $332 623
5% of Operating Fund of DRA Reserve Fund
Fund Balance Start Of Fiscal Year $633,504 $668,288 $689,030 $704,209 $724,067 $744,328
Resources - Annual Payment (Start of Fiscal Year) $34,784 $20,742 $15,179 $19,858 $20,261 $20,043
Uses
Fund Balance $668 288 $689 030 $704 209 $724 067 $744 328 $764 372
Contingency Fund of DRA Reserve Fund
Fund Balance Start Of Fiscal Year $949,046 $634,368 $1,142,270 $1,744,851 $2,328,485 $2,873,406
Increase (Decrease) - (Start of Fiscal Year) ($314,678) $507,902 $602,581 $583,634 $544,921 $515,330
Interest Income
Fund Balance $634 368 $1 142 270 $1 744 851 $2 328 485 $2 873 406 $3 388 736
Debt Reserve Fund of DRA Reserve Fund
Fund Balance Start Of Fiscal Year $0 $0 $0 $0 $0 $0
Increase - (Start of Fiscal Year) $606,738 $0 $0 $0 $0 $0
Prepayment of Debt (Debt retired in Fiscal 1999) ($606,738) N/A N/A N/A N/A N/A
Fund Balance $0 $0 $0 $0 $0 $0
DRA Reserve Fund Percentage Allocations
Restricted Funds - Operating (Balance to equal 5% of Operating Budget)
Early Debt Retirement 0.00%
Capital Improvements 75.00%
Continoencv 25.00%
October 25, 1999
Honorable Mayor and City Council
Dubuque City Hall
50 West 13th Street
Dubuque, IA 52001-4864
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Dear Honorable Mayor and City Council:
Attached is a Capital Improvements Projects schedule detailing expenditures for 2000. DRA's
Executive and Long-Range Planning Committees have submitted this schedule to the DRA
Board of Directors and the board approved this schedule on October 19, 1999.
The Board also amended the policy that relates to the use ofDRA Reserve Funds which is
reflected below in the motion:
A motion that the DRA Board of Directors approve:
· The CIP Schedule detailing total expenditures of $1.536.823 for Fiscal 2000 with the
proposed source of funds for the proiects from the DRA Reserve Fund ($1.501.823 and
the Depreciation & Improvement Fund ($35.000)
· Amend the DRA Reserve Policy by placing an amount equivalent to maintain a fund
balance of5% of the operating budget. The balance of the distribution would then be
allocated to the Reserve Fund CIP (75%) and to the Reserve Fund Contingency (25%).
· The balance of the Reserve Fund Contingency be reviewed on an annual basis.
The motion was made bv Mr. Heckmann and seconded by Mrs. Denlinger. The motion
carried unanimously.
Provisions within the DRA/City Lease require City concurrence and approval for certain projects
involving DRA alterations to the facility that exceed $10,000, and the use of the Depreciation
and Improvement Fund and DRA Reserve Fund.
The 2000 Schedule lists the following total expenditures:
DRA Reserve Funds:
Depreciation & Improvement Fund:
DRA Operating Cash:
Total:
$1,501,823
$ 35,000
$ 0
$1,536,823
P.O. Box 3190. DUBUQUE, IA 52004-3190. PI-IONE 319.582,3647. FAX 319.582.9074
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Attached are the DRA Fiscal 2000 CIP Schedule and DRA Reserve Fund projections that were
presented to the DRA Board that detail the projects and acquisitions that the DRA wished to
proceed with.
I respectfully request that the City Council concur with and approve these expenditures.
Sincerely,
Bruce Wentworth
General Manager
Dubuque Racing Association
BW/aw
DRA - Fiscal 2000 CIP Schedl.lle
10/25/1999
2000cipf.123
rri~s~jfp~~_~~:~:: :::::=:~-~-~'.=='~~=~~-==~=-_=:_==:~~~:~~~-:=:r~~~!:=L:=:___.::3~~~1. _:_:.::~:~[ojiJ::___-:'~ ::=~iIT:[~-~-=-_-J~~~I=::=_:""~~~:IT~:~-=.___1:~~4I:::~- =-='To@]
Si-nane for Grandsi"and FOo(r&Biiv~'-rMeBars'-- RE_~ _ ::~=.J4;'~~L=:==-- _:~:__:=_~:::= -.-- =_____~= ~:::::=-~ ~~_::T~~:::'_::=:.., _ ::::: __ :E_9~I~
VAC"&-EI~C1ricarseiVice-burrjjiirF;;-~i-------'-"-'''---- RES - -- $6,020 $S,020j
~~-~~~~~~~~~~~}~~-~$~I!~~~~=~~ :rf'._-:=='-~.i.~~t ~-::.=::.-::=~~ ~:~:=~::=~_ =-.-~~:::-~"=- ~::_~:~~==~=: ~~-:~-::~:::.':: -_:~:~~=:;ii~l
Sa'nd Replacement. Racetrack RES $11,375 $42,480 $53,655
r~~~~i~~~=:~-~;;; =~~; ~~~=:-===-=-- =~~=~~ ~;~~=~-==--=;m;f1!
HVAC Unit & Construction Costs RES $198,560 -. . . -- - ......-- -- -. -$f9a:560
~~~~~1~f~i~)o~~l~}~/~E:~~~~~:~~'~__~==~:~- ~:r=: ~:_:';I~~J1~~:':~~~--=::::===:=~~=-::::~_-=-::=-~~=- ==~=~~:~.: ~=.~:~::~==.= :~~'~:.!;~1~~
Slot Machines (30 In FlY 1999) RES $223,462 $223 46~
cfu~~se'~~~~y~iiOjij~~}.I~e3L-:---==~~:::~=--=-=.~= ~]'~ __. :::~j~~~;:~! _~~~~ ::-::::~~ :~.:~_=:':::::~=-.==~:~~:== =~. .:==-:~: . =-:::::=-=:.~.: .=:m-$~~:3~r9I
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~cis~f~-f~:ti~~-r~~ ~~~~~~rames (24L____... --- - ~~~ .... .-..;~~~ .. un -- -- --- -- -- --- .. -- .- -:- --... ---::~--. -'..-l'.:-': --:.=~ . --- ---- ~~J~g,
I~~!~;~:~~::~~~:_ ~!~~]i--~~== S~~:~~7-~~r~~~:+{ij:~
~~~iW~a,IR~I~j~~ _,!e~ed ~ 7 ~adios) --.--------- g~~~.- -- --- ~~~~~~ -- - - -- ---.. --_.-. -- . ...... --...- .--- -._ . .....___ _ .. .___ -fH~'l
Di!lii~ -:-f>j~iJ.j:j~sl~!~i=ir:i:imOiionaUi.ii-~s-==~=__=:=.~ Ope:"'R=-: :~----~@.:-:::.:::-:~.:::.=::_ :::::::::==-= ~~::~=:-:_::_~.... =_=_':=~:===- -:--==:= ==:::.::_ ~:'::-:::::.-~4,PMj
~~!I~r-R~~~Ad~:~~~f!l!Fr~S-{1~L----.....--.- g=~~-- .. --{H~---.-- .------- --..-----------.... ..----.......- ---. - ....--.... .- ......~H~~l
~tl.t.~~!'!e_R~laCl!!!!!l_~lB~___ .....________...._____ ~EL_. ___._ _.. __.. __.J7_~9..4~~ ._._~7.n.~_8!.___~~.1.~,?~~__... .. ~i~_,~~ ..... $88~~9.0.._ _..~.!9!.~,.35~
~:m_~~~~.f;!.P~~'!l8nts .. _~O!Ld..Q!~~g~~j~.~~achin~.t ~{-~-- . ~ .. .-.-- - .~m:~~-I-.-J${g~;M -~. '~'H. ~~;.--..~~}~:~~ .--~i~~:~~~ 1----. ..... ~~~:~~
---~---- ... ...L_______.._____.__..._______.._.._.._ __ _...___ ____....._____ ....____ . .. ...... _ '0_....'__...___ ______._..._._____. ..__ ____ _"_'" ..___ _... _." ..... ______....
"._"_
DRA, Fiscal 2000 CIP Schedule
10/25/1999
2000cipf.123
[!1li~~pll~~: :~-~-:-:::==---=====:~:-~:~~:=~~~=~~. - K~!._._.C=:=I999L_~: :::)il]i~I::::::=:_-~~ffi:==:::::~~~~:[:::--::::' ~J~~~:C::::::_2~~H_-'_:-::-:-'-'::).i?~i]
Travel Booth for Sales RES $2,000 - - ----- ,--- ----- -- - -------$'2,006'
~~~~~~C~;~~~:ui~~~~.-s~~;;~r~!~~~~=]~7F~~~
I
Total $2 717 371 $1,536,823 $1 572,694 $1,532007 $1,621 022 1 879,768 $10,859,684
Notes to User:
1) Future Year's Contingency is based 01180% of Fiscal 2000 CIP line Items that are not also budgeted In the period 2001 through 2004.
2) 80lded amounts In Fiscal 1999 represet1t actual amounts on completed projects.
3) Fiscal 1999 projects reslated to reflect actual bids: Revised
Budget
-Clubhouse Renovation (Source of Funds" Reserve) $983,791
-Parking Lot Lighting (Source of Funds = D & I) $211,639
-Air CondJlionin Units for Kennels Source of Funds = 0 & I 153240
Original
Budget
$1,181,152
$282,180
$135000
Increase
(Decrease)
($197,361)
($70,541 )
18240
DRA ~ Fiscal 2000 CIP Schedolle
10/25/1999
2000clpf.123
..
[D.~~~~p~~:'-':=:~ ==~:==~~~:~~==-~:=:'~:=':.~.:_~==-_~=.~:=I9..l?d.:!:=I..:::~:=~=~?~J ~':. ::":')~O. r:-: ::~::.?O~:C~-==-:]Q!l2r-=:-_::=-.~~o~C-=-:=:.:~~.m::-:::-::"-=}o]ajJ
RES = CIP Portion 25% Reserve Fun $1,532,007 $1,621,022 $1,879,768 $9,885,440
0&1 = Depr. & Improvement F'lI1d $0 $0 $0 $592,131
OPER - Operating Cash $0 $0 $0 $382,113
Total 1 532 007 $1 621 022 $1 879768 $10,859684
o & I Fund Balance Calculation
o & I Fund Balance Start 01 Fiscal Year $924,217 $272,158 $426,286 $567,600 $715,980
Resources - Annual Payments $120,000 $120,000 $120,000 $120,000 $120,000
Uses - From Prior Year ($94,157) N/A N/A N1A N/A
Uses - Current Year ($474,113) ($35,000) $-0 $-0 $-a
Reslricted Funds ($250,000) N/A N/A N/A NiA
Interest Income (5% Rale) $46,211 $13,608 $21,314 $28,380 $35,799
Fund Barance Avallabre 272 158 $370 768 567 600 $715980 $871 779
CIP Fund of ORA Reserve Fund
Fund Balance Start Of Fiscal Year $1,293,362 $0 $22,978 $358,097 $605,842 $650,562
Resources - Annual Payment (Slart 01 Fiscal Year) $1,855,000 $2,052,350 $2,425,503 $2,354,395 $2,199,945 $2,081,363
Uses. From Prior Year ($960,373)
Uses - Curren' Year ($1,861,145) ($1,489,676) ($1,532,007) ($1,621,022) ($1,879.768
Reslrlcted Funds (5% Of Operaling Expenses) ($34,784) ($15,179) ($19,858) ($20,261) ($20,043
Restricted Funds - Contingency. From (To) $314,678 ($602,581 ) ($583,634) ($544,921) ($515.330
Restricted Funds - Debl Reserve ($606.738) $-0 $-0 $-0 $-0
I nterest Income $0 $17,052 $28,850 $30,979 $15,839
Fund Salance 0 358 097 $605 842 650562 $332623
5% of Operating Fund of ORA Reserve Fund
Fund Balance Start Of Fiscal Year $633,504 $668,288 $689,030 $704,209 $724,067 $744.328
Resources. Annual Payment (Start of Fiscal Year) $34,784 $20,742 $15,179 $19,858 $20,261 $20,043
Uses
Fund Balance $668 288 $689 030 724 067 $744 328 $764 372
Contingency Fund of ORA Reserve Fund
Fund Balance Start 01 Fiscal Year $949,046 $634,368 $1,142,270 $1,744,851 $2,328.485 $2,873,406
Increase (Decrease)' (Start of Fiscal Year) ($314,678) $507,902 $602,581 $583,634 $544.921 $515,330
Interest Income
Fund Balance 634 368 $1142270 $1 744851 3 388 736
Debt Reserve Fund of ORA Reserve Fund
Fund Balance Start 01 Fiscal Year $0 $0 $0 $0 $0 $0
Increase . (SIart of Fiscal Year) $606,738 $0 $0 $0 $0 $0
Prepayment of Oebt (Debt retired in Fiscal 1999) ($606.738) N/A N/A N/A N/A N/A
Fund aalance 0 $0 $0 0 $0 $0
ORA Reserve Fund Percentage Allocations
Restricted FlI11ds . Oparallng (Balance to equal 5% 01 Operating Budget)
Early Debt Retirement 0,00%
Capital Improvements 75.00%
Conlin en 25.00%