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Estimated Unappropriated Funds (June 30, 1978) <br />Less: 7% Reserve (includes Council Action 7-11-77) <br /> <br /> Net Funds Available <br /> <br />Available Funds <br />LeSs: Purchase of Fire Station Two <br /> Addition to City Hall and New Council Chambers <br /> <br />$733,996. <br />355,615. <br /> <br />$378,381. <br /> <br />$378,381. <br /> 68,000. <br /> 240,000. <br /> <br />$ 70,381. <br /> <br />The building program outlined here would require the expenditure of approximately <br />$308,000. of currently available funds and the annual obligation for $40,440. in <br />debt service which would be offset by current lease payment avoidance of $20,200. <br />The annual costs for this program would be $20,240. <br /> <br />SUM}LARY <br />The information presented in this report is intended to serve as a basis for <br />your discussion of the City's building needs. The program and the financial <br />impact of it can be modified. <br /> <br />Clay Brown <br /> <br />cc: City Council <br /> Alan Campbell <br /> Jim Walker <br /> <br /> <br />