25LINKBUDGET(FULL) - Flipbook - Page 111
City of Plymouth 2024 / 2025 Budget
Proposed Capital Improvement
The table on the following pages displays the capital outlay items proposed by the City
Departments and the adjustments made by the City Manager during the development of a
balanced budget for the fiscal year 2024/25.
Due to the adverse economic climate across the state and stringent revenue restrictions that
had impacted the City since the 2002/03 fiscal year, proposed capital expenditures were kept
to a minimum for several years. In 2006, the City issued a $995,000 capital improvement bond
to fund much-needed improvements during the 2006/07 and 2007/08 fiscal years. Following
two years of improved fiscal health, the General Fund, along with nearly all other operating
funds, were able to resume more typical annual capital outlay planning. However, following
the financial market crash in the fall of 2008 and the continued contraction of revenues coupled
with increasing legacy cost liabilities, the City once again felt pressure to limit major capital
expenditures related to general operations.
From the 2020/21 through the 2023/24 fiscal year, the City was able to leverage
approximately $1,600,000 in state and federal grants. These grants facilitated approximately
$150,000 in police equipment purchases. Furthermore, the City allocated $1,450,000 in capital
improvements to the Cultural Center building during this period. These improvements
encompassed upgrades to bathrooms and locker rooms to enhance ADA (Americans with
Disabilities Act) compliance, along with the installation of a backup generator to ensure
operational continuity during power outages.
The City Capital Improvement Plan serves as a guide for the future; however, the preferred
strategy by the City is to remain flexible and opportunistic in managing these costs.
Historically, typical capital expenses within the General Fund ranged from $200,000 to
$400,000 annually. However, for the upcoming 2024/25 fiscal year, proposed capital
expenditures have increased significantly to approximately $2,943,750 due, in large part, to
proposed improvements to Riverside Cemetery. A summary of all proposed capital
expenditures by fund is provided on the following pages.
25BCIP-01-CIP.DOCX
TABLE OF CONTENTS
CIP 107
