FY 27 Proposed Capital Budget

Lease/SBITA Assets

WATER & SEWER MISCELLANEOUS Project Number: O245401 Council District: Multiple Location: Various Project Schedule/Status: Multiple W&S leases and SBITAs ending at different time periods.

Expended/Encumbered as of 2/3/26: $1,121,965

Expended/Enc.

Budget

PROJECT DESCRIPTION: Under the new Governmental Accounting Standard Board (GASB) 87: Leases and 96: Subscription Based Information Technology Arrangements (SBITAs), these funds will be used to purchase lease and SBITA assets through lease financing agreements.

EXPENDITURE SCHEDULE

Cost Element

Prior

FY 2027 Approp Total

FY 2028 FY 2029 FY 2030 FY 2031 FY 2032

TOTAL

Engineering/Design Land Acquisition

0 0 0 0

0 0 0 0

Construction

Inspection Fees

Equipment/Furnishing

3,500,000 250,000 3,750,000 250,000 250,000 250,000 250,000 250,000 3,500,000 250,000 3,750,000 250,000 250,000 250,000 250,000 250,000

5,000,000 5,000,000

Total Cost:

FUNDING SCHEDULE

R7150 Lease Finance R7151 SBITA Finance

1,000,000

1,000,000

1,000,000 4,000,000

2,500,000 250,000 2,750,000 250,000 250,000 250,000 250,000 250,000

0 0 0

0 0 0

Total Cost:

3,500,000 250,000 3,750,000 250,000 250,000 250,000 250,000 250,000

5,000,000

408