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policies or procedures, as necessary, for efficient and effective operation of the <br />Cemetery. <br />FISCAL IMPACT <br />Attachment 5 summarizes estimated revenue, expenses, and capital costs for the <br />operational changes described above. The sale of 200 additional plots, and an equal <br />number of niches, is estimated to generate $1,950,000 in revenue, excluding any <br />inflationary/price adjustments. In FY 09 figures, approximately $1,180,000 would be <br />necessary to install the proposed vaults and niches, and provide a complete irrigation <br />system upgrade. <br />Assuming the sale of 50 full-size plots and 50 cremain niches in the initial year of <br />operation (FY 09), and 25 full-size plots and 25 cremain plots each year thereafter, most <br />of the required funding for all suggested improvements would not be collected until FY <br />15 (Year 7 of operation). If, however, sales exceed these projections, the capital outlay <br />could be recovered much sooner. <br />In order to facilitate and expedite plot sales, it is recommended that the Capital <br />Improvement Program Reserve (CIPR) provide a temporary advance of $190,000 to the <br />program for surveying, plot verification and pre-installation of the 200 full-size vaults. <br />Those funds would be reimbursed from the first $190,000 in net plot sales. <br />In order to minimize the financial impact to the City regarding conversion from the <br />existing pioneer standard to fully landscaped, staff and the Commission recommend <br />that the improvements be considered only after all plots and cremation niches are sold. <br />It is estimated that will occur in Year 7 of additional Cemetery sales (fiscal year 2015). <br />At that time, staff would present the Parks and Recreation Commission and City Council <br />with updated capital improvement and maintenance cost estimates for final <br />consideration. Until that time, the Cemetery would be maintained at the pioneer <br />standard. <br />Submitted by: Fiscal Review: Approve by: <br />!~/~ < <br />Susan Andrade-Wax David P. Culver Nelson Fialho <br />Director of Parks and Director of Finance City Manager <br />Community Services <br />Attachments <br />(1) City Council Staff Report 6A dated 9/5/06 <br />(2) Excerpt of City Council Minutes dated 9/5/06 <br />(3) City Council Staff Report 4M dated 12/19/06 <br />(4) Excerpt of Parks and Recreation Commission minutes dated 10/8/08 <br />(5) Summary of Proposed Cemetery Program Costs <br />Page 6 of 6 <br />