FY2027 Adopted Budget

Road Use Tax Fund

The Road Use Tax Fund (RUTF) accounts for revenue sharing from state taxes related to transportation (road use taxes). The City’s use of road use taxes is restricted to street and storm sewer maintenance, repair, and construction including engineering, streetlights, traffic signs and signals, snow removal, street cleaning, right-of-way maintenance, etc. Fund Balance: Road Use Tax Fund’s revised fund balance on June 30, 2026 is projected to be $5,164,518, a decrease of $1,512,000 or 22.7% from the fiscal year 2025 year-end balance. This decrease is primarily due to an increase in capital projects funding.

The fiscal year 2027 estimated fund balance is budgeted to decrease by another $479,800 to $4,684,718. This decrease is primarily due to increased sidewalk and ROW repairs.

Fund Balance (1)

$8,000,000

$7,000,000

$6,000,000

$5,000,000

$4,000,000

$3,000,000

$2,000,000

$1,000,000

FY2024 FY2028 Unassigned $6,740,529 $6,677,118 $5,164,518 $4,684,718 $4,036,518 $0 FY2025 FY2026 FY2027

(1) FY26 - FY28 figures are estimates

The Road Use Tax Fund borrowed $1.4 million from the Landfill Cell Replacement Reserve during fiscal year 2019 to help construct portions of the new Public Works Facility. The following is a summary of that loan:

Principal Outstanding as of 6/30/26

Total Payment FY27

Final Payment

FY27 Principal

FY27 Interest

Loan

Date

Loan Amount

2019 Public Works Facility Loan

6/30/2019

$ 1,400,000

2036

$ 890,476

$ 93,173

$ 80,364

$ 12,809

333