An updated presentation on the proposed capital budget and 5 year plan for the Town of Colchester, VT.

1. Town of Colchester
CAPITAL BUDGET PROGRAM
FISCAL YEARS 2016 THROUGH 2020

2. Purpose of the Capital Budget
 To identify major physical improvements needed to
serve the community for the next five years.

3. What is a Capital Project
 A major improvement of a non-recurring nature to
the physical plant including buildings, parks, streets,
facilities (24 V.S.A. § 4430)

4. What is Included in the Capital Budget
 Vehicle and Equipment Acquisition
 Facility Repairs and Improvements
 Transportation Improvements
 Drainage Improvements
 Park Improvements
 Information Technology Improvements

5. How is the Plan Funded
Local Funding
Programs
Year
Authorized
Authorization
Term
Funding
Method
CEFP 2014 2032 Fixed Rate ($0.019)
CTP 2010 2016 Fixed Rate ($0.035)
PCP 2011 2016 Fixed Rate ($0.005)
Bridge 2000 2014 Reserve (Expired)
Technology Fund 2010 2015 Reserve $25,000/yr.
Communications Fund 2010 2015 Reserve $20,000/yr.
Recreation Impact Fees N/A N/A Impact Fees
State Transportation N/A N/A Grants/Aid
Federal Transportation N/A N/A Grants/Aid

6. FY16-FY20 Planned Expenditures
Capital Assets Planned Expenditures
Information Technology $395,765
Facilities $557,400
Parks $705,212
Equipment $1,662,653
Transportation $15,887,455
Total $19,208,485

7. FY16-FY20 Transportation Expenditures
2% 6%
6%
10%
13%
16%
47%
Expenditures
Roadway Reconstruction
Storm Water
Paving
Bridge
Pedestrian
Intersection Safety
Intersection Capacity

8. FY16 – FY20 Funding Sources
$6,587,890
$12,620,595
Funding
Local Funds
Other Funding

9. Future Capital Needs FY21-FY30
$106,881,108
$44,577,629
Unfunded Capital Needs
Funded Capital Needs

10. Future Capital Needs FY21-FY30
$80,000,000
$70,000,000
$60,000,000
$50,000,000
$40,000,000
$30,000,000
$20,000,000
$10,000,000
$0
Funding
Needs

11. Next Steps
 Formal Adoption of Capital Budget and Program
 Selectboard approves draft as submitted or with changes-
9/23/14
 Selectboard warns for public hearing – 9/23/14
 Submit to Town Clerk and Planning Commission 15 days prior
to public hearing
 Planning Commission may submit a report prior to public
hearing
 Selectboard may adopt after public hearing – 10/28/14