FY2018 Recommended Budget

Roadway & Transportation CRF

MISSION

The purpose of the Roadway & Transportation Capital Reserve Fund is to set aside funds annually to address the growing roadway and transportation needs facing the community. The funds may be utilized for preliminary design for improved cost estimation or for associated debt obligations or any other maintenance or capital expense related to future roadway or transportation projects. This avoids resource competition and cash flow demands on the Fund Balance and allows for better planning and implementation of tangible assets that add value to the community. The estimated value of 1 cent on the tax rate is dedicated annually as the primary funding resource.

SERVICE TO COMMUNITY

Leverage our resources by re-investing in the community.

BUDGET NOTES

Cost Value

New Initiatives & Priorities

Annual Allocation 1 Cent on Tax Rate

460,000 $460,000

Total

2015

2016

2017

2018

Actuals

Actuals

Estimated Actual

Proposed Budget

Beginning Balance

$ - $ - $ - $ 441,184

Interest Earnings

$ - $ - $ 1,184 $ -

Transfer in from General Fund

$ - $ - $ 440,000

$ 460,000

Transfer out to General Fund

$ - $ - $ - $ -

Ending Balance

$ - $ - $ 441,184

$ 901,184

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