Board of Alderman Special Meeting - Budget

Budget & Revenue Workshop Discussion February 24th, 2025 5:30 p.m. Odessa Community Building ~ 601 W Main Street, Odessa, MO 64076 1. Overview/Purpose 2. Fund Specific Discussion a. General Fund i. Revenue Trends ii. Personnel & Operating Costs iii. Outstanding Needs b. Water Fund i. Rate Structure ii. Infrastructure Maintenance iii. Secondary Water Source c. Wastewater Fund i. Rate Structure ii. Long-Term Capital d. Electric Fund i. Rate Adjustment ii. Infrastructure Maintenance iii. Secondary Electric Source 3. 2025-2026 Capital Improvement Plan 4. Next Steps  CAPITAL IMPROVEMENT FUND Police Street Parks Administration Annual Total 2025‐26 $ 71,000.00 $ 474,450.00 $ 69,000.00 $ 80,000.00 $ 694,450.00 2026‐27 $ 289,000.00 $ 275,000.00 $ 57,500.00 $ 10,000.00 $ 631,500.00 2027‐28 $ 91,000.00 $ 265,000.00 $ 14,500.00 $ 39,000.00 $ 409,500.00 2028‐29 $ 109,000.00 $ ‐ $ 14,500.00 $ ‐ $ 123,500.00 2029‐30 $ 129,000.00 $ ‐ $ 14,500.00 $ ‐ $ 143,500.00 $ 2,238,950.00 2025‐26 Year 1 Police: Vehicle (1 new) (vehicle replacement/addition) $ 47,000.00 Police: Body Cameras (8 replacements/upgrades) ($70,000 total ‐ $14,000/year for 5 years) Yr 1 $ 14,000.00 Police: Trailer (firearms training equipment) $ 10,000.00 Street: Demo & Construction of New Street Shed (reimbursed by 2019 Asset Replacement loan proceeds) $ 450,000.00 Street: Angle Broom for Skid Steer (clean dust of streets for paving) $ 12,000.00 Street: Snow Box for Loader (clean new Downtown area of snow) $ 12,450.00 Parks: Pool Slide Landing Pad $ 8,000.00 Parks: Slide Pump & Motor (replacement of original) $ 15,000.00 Parks: Repaint Pool (materials only) $ 8,500.00 Parks: Mower Replacement $ 13,500.00 Parks: Gator Replacment $ 20,000.00 Parks: Pool Picnic Tables (2 of 2) $ 4,000.00 Admin: Engineering for Reservoir Hydraulics $ 26,800.00 Admin: Downtown Façade Grant $ 10,000.00 Admin: Video/Audio and Dias Upgrade at Community Building $ 8,900.00 Admin: Salary Study $ 25,000.00 Admin: Strategic Plan (3 focus sessions) $ 9,300.00 $ 694,450.00 2026‐27 Year 2 Police: Vehicle Replacement (2 new) $ 95,000.00 Police: Police Data, Records and E‐Citation upgrades $ 60,000.00 Police: MDT computer replacement (of computers leased/purchased in 2021) $ 50,000.00 Police: Body Cameras (8 replacements/upgrades) ($70,000 total ‐ $14,000/year for 5 years) Yr 2 $ 14,000.00 Police: Animal Control Facility Construction (new facility) $ 70,000.00 Street: 2009 Dump Truck Replacement $ 190,000.00 Street: New Pickup 3/4 Ton with Plow $ 50,000.00 Street: Slot Cutter (cut streets, replaces old unit) $ 10,000.00 Street: Side by Side Addition (used to spray weeds in curb, cleaning downtown, etc) $ 25,000.00 Parks: Mower replacement $ 14,500.00 Parks: Toddler Slide Replacement $ 25,000.00 Parks: Features Pump $ 18,000.00 Admin: Timekeeping $ 10,000.00 $ 631,500.00 2027‐28 Year 3 Police: Vehicle Replacement (1 new) $ 47,000.00 Police: Firearms Weapons Upgrades (to new technology) $ 30,000.00 Police: Body Cameras (8 replacements/upgrades) ($70,000 total ‐ $14,000/year for 5 years) Yr 3 $ 14,000.00 Street: New Salt Shed $ 200,000.00 Street: New Oil Distributor Trailer (replaces old 200 gallon trailer with a 500 gallon trailer) $ 20,000.00 Street: 2016 Ford F250 Replacement $ 45,000.00 Parks: Mower replacement $ 14,500.00 Admin: Building Maintenance Mower Replacement $ 14,000.00 Admin: Community Building HVAC Replacement $ 25,000.00 $ 409,500.00 2028‐29 Year 4 Police: Vehicle Replacement (2 new) $ 95,000.00 Police: Body Cameras (8 replacements/upgrades) ($70,000 total ‐ $14,000/year for 5 years) Yr 4 $ 14,000.00 Parks: Mower replacement $ 14,500.00 $ 123,500.00 FY25‐26 CIP ‐ GeneralPath  2029‐30 Year 5 Police: Vehicle Replacement (2 new) $ 95,000.00 Police: Officer Body Armor replacement (50% grant‐funded) $ 20,000.00 Police: Body Cameras (8 replacements/upgrades) ($70,000 total ‐ $14,000/year for 5 years) Yr 5 $ 14,000.00 Parks: Mower replacement $ 14,500.00 $ 143,500.00 FY25‐26 CIP ‐ GeneralPath