FY 17-22 Preliminary Recommended CIP and FY 17 Bond Authorization - - PowerPoint PPT Presentation

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FY 17-22 Preliminary Recommended CIP and FY 17 Bond Authorization - - PowerPoint PPT Presentation

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FY 17-22 Preliminary Recommended CIP and FY 17 Bond Authorization January 14, 2016 Preliminary Recommended Community Investment Plan (CIP) FY 17-22 What is the Preliminary Recommended CIP? A first look Fiscally feasible

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SLIDE 1

FY 17-22 Preliminary Recommended CIP and FY 17 Bond Authorization

January 14, 2016

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SLIDE 2

Preliminary Recommended Community Investment Plan (CIP)

FY 17-22

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SLIDE 3

What is the Preliminary Recommended CIP?

  • A first look
  • Fiscally feasible
  • Consistent with Commissioner goals
  • A continuation of existing plans
  • A starting point for Commissioner

discussion and decisions

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SLIDE 4

What the Preliminary Recommended CIP is NOT

  • The final CIP
  • The end of analysis
  • A commitment to project funding, timing or

revenue mix

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SLIDE 5

Three Big Ideas

  • The CIP is almost entirely dedicated to

maintenance of existing infrastructure

  • There are other needs to be considered
  • There is a backlog of school projects
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SLIDE 6

Capital Fund

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SLIDE 7

Capital Fund History and Plan

$0 $20 $40 $60 $80 $100 $120 $140 $160 $180 $200 Millions

Adopted CIP Preliminary Recommended CIP

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SLIDE 8

Capital Fund History and Plan Adjusted for Inflation

$0 $20 $40 $60 $80 $100 $120 $140 $160 $180 Millions

Adopted CIP Preliminary Recommended CIP

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SLIDE 9

Outstanding Bonded Debt

in Millions

New Debt Issued Principal Paid Down Outstanding Debt % Debt Reduction Since FY 11 FY 11 $22.0 $24.5 $331.1 FY 12 18.3 29.1 320.3 3.3% FY 13 20.7 27.6 313.4 5.3% FY 14 26.3 28.9 310.8 6.1% FY 15 15.0 31.1 294.7 11.0% FY 16 27.5 29.9 292.3 11.7% Total $129.8 $171.1

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SLIDE 10

Projected Outstanding Bonds

in Millions

New Debt to be Issued Principal to be Paid Down Projected Outstanding Debt % Debt Reduction Since FY 11 FY 17 22.8 30.4 284.7 14.0% FY 18 25.3 29.9 280.1 15.4% FY 19 25.9 29.1 276.9 16.4% FY 20 27.8 29.0 275.7 16.8% FY 21 49.9 27.0 298.6 9.8% FY 22 22.9 25.9 295.5 10.8% Total $174.6 $171.3

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SLIDE 11

Unsold Bond Balance

In Millions

Current

County including BOE

$60.1

Planned to be sold in FY 17

16.4

Planned to be sold in FY 18-22

11.4

Projects with no plans to sell debt in the next six years:

$32.3

Water Development/Compliance

12.6

Board of Education Projects

8.6

Land Bank

4.8

Government Complex

3.8

Roads – Londontown Boulevard

1.7

Other

0.8

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SLIDE 12

What’s In the Preliminary Recommended CIP?

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SLIDE 13

What’s In the Preliminary Recommended CIP

  • Maintaining infrastructure
  • Maintaining efforts in Ag Pres and water quality
  • New Career and Technology Facility
  • High School Science Room Renovations
  • Market Street Extension
  • Army Reserve Building for Sheriff Headquarters
  • Westminster Veterans Memorial Park
  • Union Mills Structural Renovations
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SLIDE 14

Maintaining Infrastructure

  • Roads and bridges
  • HVAC, roofs, paving
  • Parks
  • Technology
  • Stormwater ponds
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SLIDE 15

Maintaining Infrastructure

  • Water and Sewer
  • Schools

– Replacement of Career and Technology building – High school science classroom upgrades

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SLIDE 16

Maintaining Effort

  • Agricultural land preservation
  • Water quality
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SLIDE 17

BOE Projects

  • Career and Technology
  • High School Science Rooms
  • Roof Replacements

– Francis Scott Key High School – Friendship Valley Elementary – Piney Ridge Elementary – South Carroll High School – Westminster High School

  • Increased funding for roofs and HVACs
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SLIDE 18

New Projects FY 17-22

  • Westminster HS Electrical Equipment

Replacement

  • Highway Safety Improvements
  • Union Mills Homestead Roof

Replacements

  • Northwest County Trail Acquisition
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SLIDE 19

What’s Not In the Preliminary Recommended CIP?

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SLIDE 20

Not In

  • $138.9M – BOE
  • $26.5M – Sheriff/State’s Attorney/Courts
  • $11.5M – Library
  • $6.0M – Public Safety Training Facility
  • $5.3M – Senior center improvements
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SLIDE 21

Not In

  • $5.1M – Road network improvements
  • $4.2M – Communication equipment
  • $3.0M – Community College
  • $2.9M – Maintenance Center sewer

upgrade and additional parking

  • $1.9M – Transportation additions/

renovations

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SLIDE 22

Not in

  • $1.3M – Salt barns
  • $1.0M – Permits and Inspections office

renovation

  • $0.8M – Multipurpose Building A/C
  • $0.6M – Gillis Falls Trail Phase II
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SLIDE 23

Not In - BOE

  • Modernizations

– Westminster East Middle School – Westminster West Middle School

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SLIDE 24

Not In - BOE

  • Full-Day Kindergarten additions

– Cranberry Station – Friendship Valley – Sandymount – Taneytown

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SLIDE 25

Not In - BOE

  • Sandymount HVAC Replacement
  • Technology Improvements
  • Window Replacements
  • Barrier Free Modifications
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SLIDE 26

Not In – Sheriff/SAO/Courts

  • Minimum Security Facility
  • New Courtroom
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SLIDE 27

Not In - Library

  • Eldersburg Branch Renovation and

Expansion

  • Westminster Branch Basement

Renovations

  • Technology
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SLIDE 28

Not In – Public Safety Training Facility

  • Additional Phases

– Outdoor Restroom – Upper and Lower Parking Lots – Class A Burn Building – Utility Distribution – Training Props – Outdoor Classroom

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SLIDE 29

Not In – Roads

  • Dickenson Road Extension
  • Meadow Branch Road Extended (MD 97

to Sullivan Road)

  • Cape Horn Salt Barn
  • Bark Hill Salt Barn Additional Storage
  • Traffic Calming
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SLIDE 30

Not In – Community College

  • Technology
  • Facility Improvements
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SLIDE 31

Not In

  • Projects we stopped funding

– Traffic Calming – Traffic Signal Installation – ADA facilities – Technology – BOE and CCC – Land Bank – Regional Water Supply – GIS Orthophotography – Water Development

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Capital Fund

FY 17 FY 16 Change FY 17-22 FY 16-21 Change Total $52.5 $52.4 $0.1 $349.4 $336.2 $13.2 Local 43.4 46.0 (2.6) 274.6 265.3 9.3 State/Fed/ Other 9.1 6.4 2.7 74.8 70.9 3.9

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SLIDE 33

Enterprise Funds

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SLIDE 34

Enterprise Fund Projects FY 17-22

  • Utilities

– Sykesville Water and Sewer Upgrades – Six Pump Station Rehabilitations – One Relief Sewer – Two Wastewater Treatment Plant Improvements – Hampstead Sewer Main Upgrade

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SLIDE 35

Enterprise Fund Projects FY 17-22

  • Solid Waste

– Landfill Remediation

  • Airport

– Grounds Maintenance Equipment

  • Fiber Network

– Equipment Replacement

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SLIDE 36

Enterprise Funds

FY 17 FY 16 Change FY 17-22 FY 16-21 Change Total $6.3 $21.8 ($15.5) $35.4 $44.7 ($9.3)

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SLIDE 37

Big Questions

  • BOE –

– Modernizations – Career and Technology Facility – Additional School Closures – Closed Schools – Administration Space

  • Infrastructure
  • Road Development
  • Detention capacity
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SLIDE 38

Bond Authorization

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SLIDE 39

Developing the Bond Authorization Request

  • The Capital Budget drives the bond

authorization request.

  • Difficult timing:

– Interdependence of the Capital Budget and the authorization request – General Assembly schedule – Our budget schedule

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SLIDE 40

Definitions

  • Appropriated – revenues and expenditures

adopted in a budget

  • Authorized – potential bonding that has

been approved by the General Assembly

  • Issued – actual bond sales
  • Planned – revenues and expenditures

included in the Community Investment Plan (CIP), but not yet appropriated

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SLIDE 41

The FY 17 Authorization Request

  • The Preliminary Recommended CIP

includes approximately $31 million of new bond funding.

  • Other considerations:

– Changes during the budget process – Changes in estimated project costs – Bonds for fire companies

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SLIDE 42

FY 17 Authorization Request

  • Recommendation – $31 million
  • Bond authorization is enabling.
  • Bond authorization does not obligate the

County to spend money or issue bonds.

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SLIDE 43

The Rest of the Process

  • March – Overview and Recommended Budget
  • April – Commissioner/Agency Hearings
  • April – End of General Assembly Session
  • April – Proposed Budget
  • May – Public hearing on the Budget
  • May – Budget Adoption