FY2024 Proposed Budget

Road Use Tax (2200) Fund Summary

2020

2021

2022

2023

2024

2025

Actual

Actual

Actual

Revised

Budget

Projected

Fund Balance, July 1

3,363,436 $

3,547,923 $

4,405,316 $

5,087,054 $

4,764,162 $

4,436,241 $

Revenues:

Intergovernmental Federal Intergovernmental Revenue

$

-

$

721

$

31,017

$

-

$

- -

$

- -

Disaster Assistance

-

-

52

-

Road Use Tax

9,163,303

10,076,978

9,900,316

9,390,000

9,900,316

9,999,319

Charges For Fees And Services Building & Development Miscellaneous Other Miscellaneous Revenue

68,359

69,020

66,868

70,000

66,868

66,868

111,460

94,084

91,755

71,340

111,525

111,239

Other Financial Sources Sale Of Assets

-

273

1,238

-

-

-

Sub-Total Revenues

9,343,122

10,241,077

10,091,246

9,531,340

10,078,709

10,177,426

Transfers In:

Transfers In-Govt Activities

507,510 507,510

622,374 622,374

628,877 628,877

645,524 645,524

665,184 665,184

685,140 685,140

Sub-Total Transfers In

Total Revenues & Transfers In

9,850,631 $

10,863,451 $

10,720,123 $

10,176,864 $

10,743,893 $

10,862,566 $

Expenditures:

Road Use Tax Administration

$

124,389

$

103,093 112,300

$

102,270

$

101,016 153,752

$

99,918 151,642

$

101,916 152,489

Sidewalk Inspection Traffic Engineering

93,923

90,430

1,391,771 4,931,255 6,541,337

1,310,543 5,296,935 6,822,871

1,324,338 5,130,948 6,647,987

1,509,460 5,537,032 7,301,260

1,457,012 6,083,667 7,792,239

1,481,041 6,234,693 7,970,139

Streets System Maintenance

Sub-Total Expenditures

Transfers Out:

Capital Projects Fund

2,707,360

2,702,664

2,904,000

2,715,000

2,765,000

2,715,000

Interfund Loan Repayment to Landfill

51,881

73,452

74,561

75,687

76,786

77,990

Miscellaneous Transfers Out

365,566

407,072

411,837

407,809

437,789

450,923

Sub-Total Transfers Out

3,124,807

3,183,188

3,390,398

3,198,496

3,279,575

3,243,913

Total Expenditures & Transfers Out

9,666,144 $ 3,547,923 $

10,006,059 $ 4,405,316 $

10,038,385 $ 5,087,054 $

10,499,756 $ 4,764,162 $

11,071,814 $ 4,436,241 $

11,214,052 $ 4,084,754 $

Fund Balance, June 30

Restricted / Committed /Assigned

-

-

-

-

-

-

Unassigned Balance

3,547,923 $

4,405,316 $

5,087,054 $

4,764,162 $

4,436,241 $

4,084,754 $

% of Revenues & Transfers In

36%

41%

47%

47%

41%

38%

387