FY27 Proposed Budget

R oad 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 r oad 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 $5,274,518, a decrease of $1,402,600 or 21.0% 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 $4,794,718. This decrease is primarily due to increased sidewalk and ROW repairs.

(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

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