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FUNDING COMPARISON WITH CURRENT GAS TAX <br />Utilizing the PMS software, an analysis for a 10 year period beginning at the end of 2007 has <br />been completed based on the current funding. The PMS software evaluates the deterioration <br />of each segment based on the historic individual OCI ratings. The software then projects <br />when to apply the necessary treatment at the proper time. When possible, the system applies <br />a less expensive treatment earlier in the degradation curve. The established annual funding <br />level is applied to the treatment needs, and then the annual distribution of treatment types is <br />developed. If the established budget does not allow for all of the treatment needs to be met, a <br />remainder value (in dollars) is reported. This value is commonly called the “additional <br />needs” budget. A graph of the “additional needs” for the current funding level has been <br />provided as well as an optimum funding scenario at $18 million. Additionally, a graph <br />identifying a funding level necessary to prevent projects falling into reconstruct and <br />rehabilitating all projects currently in a reconstruct condition is included. This scenario <br />requires approximately $27 million. An inflation factor of 2% annually has been applied to <br />these forecasts. The 2% value is based on historic cost values as tracked by a published <br />market study (ENR). <br />Current Funding <br />$400,000,000 <br />$350,000,000 <br />$300,000,000 <br />$250,000,000 <br />$200,000,000 <br />$150,000,000 <br />$100,000,000 <br />$50,000,000 <br />$0 <br />17 <br />