CIP 2027-2031 (Final) - Flipbook - Page 23
PROPOSED 5 YEAR CIP - 1ST READING
JULY 16, 2026
Fire Prevention Capital Expansion Fund
This fund is used to account for the accumulated revenues derived from Fire Impact Fees
collected from newly constructed facilities. These impact fees are used to help defray the cost
of capital expenditures necessitated by growth and must be used for expansion of Fire
Department needs and facilities.
This fund can assist the City with any expansion/enhancements of its public safety facilities
and equipment.
Fire Prevention Capital Expansion Funding Analysis:
Revenue for this fund had been marginal given that impact fees had not been reviewed since
2004. Accumulated Impact fees had grown marginally over the past 20 years. In FY 2025/26
an independent consultant conducted an impact fee rate study, and new rates were
implemented based on the recommendation of the study. Rates are now in line with growth
and future revenues will allow the City to build a third Fire Station ensuring full Fire Service
for the entire City. Revenues are projected at a 3% growth rate based on the updated fees.
Over the next five years, the projected ending fund balance is $1,391,691. Some projects in
this fund may be jointly funded with the Sales Tax Capital Projects Fund, Law Enforcement
Impact Fees, Building Fund and/or the General Fund.
By sharing the financial burden of qualified projects, the City can ensure the functionality and
modernization of the Fire Department’s equipment, which is a number one priority for the
community’s public safety.
Fire Prevention Capital Expansion
Fund
Fund Balance, Less Investm ent
in Capital
$
Actual
Estim ated
Proposed
Projected
Projected
Projected
Projected
FY 24-25
FY 25-26
FY 26-27
FY 27-28
FY 28-29
FY29-30
FY30-31
246,984
$
235,640
$
435,840
$
560,740
$
(1,613)
$
449,163
$
913,463
Interest Earnings
8,678
10,200
19,000
19,570
20,157
20,762
21,385
Impact Fee
30,719
190,000
405,900
418,077
430,619
443,538
456,844
Total Revenue
Total Funding Available
39,398
200,200
424,900
437,647
450,776
464,300
478,229
286,381
435,840
860,740
998,387
449,163
913,463
1,391,691
CIP Expenditures
49,342
-
300,000
1,000,000
-
-
-
Total Expenditures
50,742
-
300,000
1,000,000
-
-
-
Less:
Net Operating Incom e (Loss)
Fund Balance, End of Year
(11,344)
$
235,640
200,200
$
435,840
124,900
$
560,740
(562,353)
$
(1,613)
450,776
$
449,163
$
464,300
478,229
913,463
$ 1,391,691
NOTES:
1. Beginning Fund Balance in FY 2024/25 ties with ACFR for FY 2023/24 year-end balance
2. Impact fees are projected at 330 new residential units per year with a 3% growth increase each
year.
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