FY2021 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

New Initiatives & Priorities

Cost Value

None

$0.00

ROADWAY & TRANSPORTATION CAPITAL RESERVE FUND

2020 Estimated Actual

2021 Proposed Budget

2018 Actual

2019 Actual

Beginning Balance Interest Earnings

$ $ $ $ $

441,753

$ $ $ $ $

909,540 21,469 475,000

$ $ $ $ $

1,406,009

$ $ $ $ $

560,909

7,786

14,900 490,000

-

Transfer in from General Fund Transfer out to Capital Project(s)

460,000

900,000

-

-

(1,350,000)

-

Ending Fund Balance

909,539 105.9% 467,786

1,406,009

560,909

1,460,909

Year Over Year % Change Total Year Over Year $s Change Total

54.6%

-60.1%

160.5% 900,000

$

$

496,470

$

(845,100)

$

89