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340 Transportation Capital Projects Fund
<br />FY19 FY19 FY19
<br />Adopted SB1 Action Revised
<br />I. RESOURCES
<br />BEGINNING WORKING CAPITAL 29,721,202 (21,210,641) a 8,510,561
<br />CHANGE TO WORKING CAPITAL
<br />REVENUE
<br /> Taxes 3,000,000 0 3,000,000
<br /> Intergovernmental 2,954,000 21,017,557 b,c 23,971,557
<br /> Miscellaneous 7,130,000 0 7,130,000
<br /> Charges for Services 182,000 0 182,000
<br /> Interfund Transfers 2,140,000 121,250 d 2,261,250
<br /> Fiscal Transactions 6,779,500 2,450,003 a,e 9,229,503
<br />Total Revenue 22,185,500 23,588,810 45,774,310
<br />TOTAL RESOURCES 51,906,702 2,378,169 54,284,871
<br />II. REQUIREMENTS
<br />Capital Projects
<br /> Capital Projects 21,909,000 3,760,434 c,d 25,669,434
<br /> Capital Carryover 28,680,857 (1,571,406) d,e 27,109,451
<br />Total Capital Projects 50,589,857 2,189,028 52,778,885
<br />Non-Departmental
<br /> Debt Service 30,000 0 30,000
<br /> Balance Available 1,286,845 189,141 a,b,d,e 1,475,986
<br />Total Non-Departmental 1,316,845 189,141 1,505,986
<br />TOTAL REQUIREMENTS 51,906,702 2,378,169 54,284,871
<br />340 Transportation Capital Projects Fund
<br />a) Beginning Working Capital Reconciliation: Decrease the budgeted Beginning Working Capital by
<br />$21,210,641, increase Fiscal Transactions revenue by $2,446,370 for Draws on General Obligation Line of
<br />Credit for bonds authorized but not sold in the prior fiscal year, and decrease Balance Available by
<br />$18,764,271. These adjustments bring the FY19 budgeted Beginning Working Capital in compliance with the
<br />audited FY18 actual revenues and expenditures as determined by Isler & Company, LLC, the City's external
<br />auditor.
<br />b) Reappropriations: Reappropriate $17,293,286 in Intergovernmental revenue for previous years grants and
<br />increase Balance Available by the same amount.
<br />e) Capital Carryover Reconciliation: Decrease capital appropriations by $1,692,656, increase Fiscal
<br />Transaction revenue by $3,633 for Draws on General Obligation Line of Credit, and increase Balance Available
<br />by $1,696,289. This adjustment reconciles the FY19 Capital Carryover Estimate to the actual ending FY18
<br />capital projects balance.
<br />c) New Revenues: Recognize Intergovernmental revenue associated with ODOT grants in the amount of
<br />$3,553,454 for bikeway and signal improvements and increase Capital Projects appropriations by the same
<br />amount. Increase Intergovernmental revenue by $170,817 as part of a contract with EWEB for the Amazon
<br />Active Corridor project and increase Capital Projects appropriations by the same amount.
<br />d) One-Time Funding Requests: Increase Interfund Transfer revenues from the System Development
<br />Capital Projects Fund and the Stormwater Utility Fund in the amount of $121,250 to consolidate all capital
<br />projects related to City trees and increase Capital Carryover appropriation by the same amount. Increase
<br />Capital Projects appropriation by $36,163 for City tree capital projects and decrease Balance Available by the
<br />same amount.
<br />26 December 10, 2018, Meeting – Item 5
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