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Carol Stream reviews five-year capital plan, projects near $31.8 million year-end reserves
Summary
Village staff told trustees the five-year Capital Improvement Plan forecasts roughly $6.9 million per year including grants and interest, total five-year expenditures just under $40 million, and projected reserves of about $31.8 million (including a proposed $3 million general-fund transfer).
Carol Stream trustees on March 2 reviewed a five-year Capital Improvement Plan that staff said will rely on roughly $5.6 million in annual operating revenue and about $6.9 million per year when grants and other nonoperating revenues are included. Village staff told the board the five-year CIP expenditures total just shy of $40 million and that projected reserves at fiscal year end are about $31,800,000, a figure that incorporates a proposed $3,000,000 transfer from general-fund surplus.
The presentation, led by Adam…
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