FY23 FULL BUDGET REPORT ADOPTED

Roadway & Transportation CRF

Reserve Scope 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 fundsmay 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. Leverage our resources by re- investing in the community.

Budget Notes

2022 Estimated Actual

2023 Projected Budget

2020 Actuals

2021 Actuals

Beginning Balance Interest Earnings

$ $ $ $ $

1,406,009

$ $ $ $ $

560,909

$ $ $ $ $

1,246,320

$ $ $ $ $

1,627,892

14,900

595

1,572

1,600

Transfer in fromGeneral Fund Transfer out to Capital Project Fund

490,000

900,000 (215,184) 1,246,320

620,000 (240,000)

650,000

(1,350,000)

(2,017,000)

Ending Balance

560,909

1,627,892

262,492

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

55%

122%

31%

-84%

$

496,470

$

685,411

$

381,572

$

(1,365,400)

86