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Sportsplex - Fitness <br /> Project Category: Sportsplex Capital Project Status: Active Project Type <br /> Functional Service Community Services Proposed Bid N/A New X <br /> Area: Award Date: <br /> Department: Sportsplex Starting Date: 7/1/19 Expansion <br /> Project Number: Fund 53 Completion Date: Ongoing Renovation <br /> Replacement X <br /> Project Description/Justification: Funding in FY <br /> 2018-19 provided new equipement for the Field House -� <br /> training center. FY 2020-21 and FY 2022-23 includes <br /> $100,000 in each fiscal year for replacement and <br /> upgrade of fitness equipment. Based on industry <br /> standards, heavy use commercial cardio equipment has a useful life of approximately three (3) years. <br /> FINANCIAL SUMMARY <br /> Current Year 1 Year 2 Year 3 Year 4 Year 5 Five Year 6 <br /> Prior Years Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Year to <br /> Project Budget Funding 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 Total Year10 <br /> Appropriation <br /> Land/Building <br /> Professional Services <br /> Construction/Repairs/Renovations <br /> Equipment/Furnishings - <br /> Fitness Equipment(Upgrade/Replacement) 200,000 100,000 100,000 100,000 200,000 250'000 <br /> Total Project Budget: 200,000 100,000 100,000 100,000 200,000 250,000 <br /> Revenues/Funding Source <br /> Debt Financing - <br /> Sportsplex Funds 200,000 100,000 100,000 100,000 200,000 250,000 <br /> Total 200,000 100,000 - 100,000 - 100,000 - 200,000 250,000 <br /> Sportsplex Related Operating Costs <br /> Personnel Services - <br /> Operations <br /> Recurring Capital <br /> New/Addl Revenue <br /> Total Operating Costs <br /> 111 <br />