|
131 Road Fund
<br />FY19 FY19 FY19
<br />Adopted SB1 Action Revised
<br />I. RESOURCES
<br />BEGINNING WORKING CAPITAL 3,921,574 325,286 a 4,246,860
<br />CHANGE TO WORKING CAPITAL
<br />REVENUE
<br /> Licenses/Permits 2,058,000 0 2,058,000
<br /> Intergovernmental 11,973,000 719,057 b,c 12,692,057
<br /> Rental 103,000 0 103,000
<br /> Charges for Services 347,500 0 347,500
<br /> Miscellaneous 183,800 0 183,800
<br />Total Revenue 14,665,300 719,057 15,384,357
<br />TOTAL RESOURCES 18,586,874 1,044,343 19,631,217
<br />II. REQUIREMENTS
<br />Department Operating
<br /> Public Works 14,694,473 520,921 b,c,d,e 15,215,394
<br />Total Department Operating 14,694,473 520,921 15,215,394
<br />Non-Departmental
<br /> Interfund Transfers 3,230,000 0 3,230,000
<br /> Balance Available 662,401 523,422 a,b,d,e 1,185,823
<br />Total Non-Departmental 3,892,401 523,422 4,415,823
<br />TOTAL REQUIREMENTS 18,586,874 1,044,343 19,631,217
<br />131 Road Fund
<br />a) Beginning Working Capital Reconciliation: Increase the budgeted Beginning Working Capital by $325,286
<br />and increase Balance Available by the same amount. This adjustment brings the FY19 budgeted Beginning
<br />Working Capital in compliance with the audited FY18 actual revenues and expenditures as determined by Isler &
<br />Company, LLC, the City's external auditor.
<br />d) Encumbrance Estimate Reconciliation: Decrease Public Works Department operating appropriations by
<br />$462,159 to reconcile the amount estimated for payment of obligations incurred but not paid in FY18 to the
<br />actual amount paid, and increase Balance Available by the same amount.
<br />b) Reappropriations: Reappropriate $417,974 in Intergovernmental Revenue for previous years grants and
<br />increase Public Works Department operating appropriations by the same amount. Reappropriate $164,023 in
<br />Public Works Department Operating appropriations for Autonomous Vehicles and Median Design projects and
<br />decrease Balance Available by the same amount.
<br />c) New Revenues: Recognize $301,083 in Intergovernmental revenues in ODOT and LCOG grants for the
<br />Franklin Blvd. Facility Plan and increase Public Works Department operating appropriations by the same
<br />amount.
<br />e) One-Time Funding Requests: Increase Public Works Department operating appropriations by $100,000 for
<br />Multimodal Street Design Standards and decrease Balance Available by the same amount.
<br />16 December 10, 2018, Meeting – Item 5
|