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  1. 11/22/2013 DISTRICT CAPITAL MASTER PLAN FOR 2014 - 2023
  2. The Platte Canyon Board of Directors recently approved a Capital Master Plan for 2014 - 2023. The purpose of the master plan is to itemize, prioritize and schedule water and wastewater facility expansion, rehabilitation and replacement projects and vehicle purchases to enhance the accuracy and effectiveness of budgeting and cash flow analysis. The Plan enables the District to be pro-active in confronting water and sewer system modifications and rehabilitation.
     
    The 2014 - 2023 Capital Master Plan proposes expenditure of $616,212 in 2014, and $5,342,426 during the ten year period extending from 2014 to 2023. This compares with last year’s master plan projected expenditures for 2014 amounting to $992,852 and ten year period expenditures totaling $4,104,082. Water facility replacement projects account for 51 percent of the total proposed expenditures while sewer rehabilitation expenses and vehicle and equipment purchases account for 23 percent and 26 percent respectively.
     
    Expenditures called for in this Capital Master Plan will result in a reserve fund balance of $10,035,278 at year end 2014. This amount has been determined to provide adequate reserves to meet expenditures proposed in the Capital Master Plan. No increases in tax revenues, tap fees or annexation fees will to be required to meet the goals of the current plan.
     
    Vehicle replacement costs for the period between 2014 and 2023 are projected to be $1,384,000, $98,000 more than the amount proposed in last year’s vehicle replacement schedule. Three mobile units are scheduled to be replaced in 2014; two pick-up trucks and one trailer mounted valve operator. The three units are projected to cost $81,000.
     
    Total capital expenses during the ten year planning period are $5,342,426; 50.6 percent of the projected year end 2013 reserve fund balance of $10,554,577. Cash financing is anticipated for all capital projects and no increases in property tax rates, tap fees, or service charges are proposed over the ten year period.
     
    The entire Capital Master Plan for 2014 - 2023 is available for download or review by clicking here.