FY 23 APPROVED CAPITAL BUDGET

Churchville Complex Development

PARKS AND RECREATION Project Number:

Operating Budget Impact

P054115

Council District:

E

Revenues:

Location:

Churchville

Expenditures: Cost Savings: None:

Est. Debt Service:

$179,421 (annual)

X

Expended/Encumbered as of 2/9/22: $7,987,651

Project Schedule/Status: FY 23: Design and construction of a natural trail at the complex

PROJECT DESCRIPTION: This project proposes the further development of the Churchville Recreation Complex. This facility houses a variety of programs for the Churchville Recreation Council. Future projects will be addressed as needs are identified. This project supports the goals and objectives of the 2018 Land Preservation, Parks and Recreation Plan and its Capital Improvement Program Recommendations.

EXPENDITURE SCHEDULE

Approp Total

Cost Element

Prior

FY 2023

FY 2024 FY 2025 FY 2026 FY 2027 FY 2028

TOTAL

Engineering/Design Land Acquisition

405,000

405,000

405,000

0

0

Construction

7,911,830

60,000 7,971,830

7,971,830

Inspection Fees

240,000

240,000

240,000

Equipment/Furnishing

0

0

Total Cost:

8,556,830

60,000 8,616,830

0

0

0

0

0

8,616,830

FUNDING SCHEDULE R8750 Paygo R3199 Federal Other R7100 Prior Bonds R3380 Prog. Open Space R1515 Recordation Tax

285,322 70,000

285,322 70,000

285,322 70,000

7,176,830

7,176,830

7,176,830

725,000 299,678

725,000 359,678

725,000 359,678

60,000

Total Cost:

8,556,830

60,000 8,616,830

0

0

0

0

0

8,616,830

209