FY 24 APPROVED CAPITAL BUDGET BOOK

Edgewood Recreation and Community Center

PARKS AND RECREATION Project Number:

Operating Budget Impact

P134107

Council District:

A

Revenues:

Location:

Edgewood

Expenditures: Cost Savings: None:

Est. Debt Service:

$0

(annual)

X

Expended/Encumbered as of 1/9/23: $47,844

Project Schedule/Status: FY 23: Additional HVAC renovation, part of the system has been replaced.

PROJECT DESCRIPTION: This project includes renovations to some of the existing building systems at the Edgewood Recreation and Community Center. Previous funds were used for engineering and replacement of the existing HVAC system. Additional residential development is anticipated in the Edgewood community. Population growth will generate demand for additional recreation facilities. This project supports the goals and objectives of the 2018 Land Preservation, Parks and Recreation Plan and its Capital Improvement Program Recommendations.

EXPENDITURE SCHEDULE

Cost Element

Prior

FY 2024 Approp Total

FY 2025 FY 2026 FY 2027 FY 2028 FY 2029

TOTAL

Engineering/Design Land Acquisition

25,000

25,000

25,000

0

0

Construction

195,000

195,000

195,000

Inspection Fees

5,000

5,000

5,000

Equipment/Furnishing

0

0

Total Cost:

225,000

0

225,000

0

0

0

0

0

225,000

FUNDING SCHEDULE R1515 Recordation Tax

225,000

225,000

225,000

0 0 0 0

0 0 0 0

Total Cost:

225,000

0

225,000

0

0

0

0

0

225,000

284

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