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City Council Work Session, September 26, 2005
<br />Road Fund Status and Stabilization Strategies
<br /> Attachment A, Exhibit 2 - Forecast with $2 million strategy phased in during FY07 & FY08
<br />Projected vs Target Ending Fund Balance
<br />3.5
<br />3.0
<br />2.5
<br />2.0
<br />1.5
<br />1.0
<br />0.5
<br />0.0
<br />FY06FY07FY08FY09FY10FY11
<br />Projected Fund BalanceTarget Fund Balance
<br />Projected
<br />FY06Forecast FY07Forecast FY08Forecast FY09Forecast FY10Forecast FY11
<br />Road Operating (Fund 131) Forecast
<br /> September 2005
<br /> Beginning Fund Balance$3,734,2353,148,119 3,089,119 3,088,119 2,844,839 2,414,101
<br /> Revenues9,067,695 9,014,000 8,080,000 8,092,000 8,189,000 8,285,000
<br />Total Resources12,801,930 12,162,119 11,169,119 11,180,119 11,033,839 10,699,101
<br />Requirements
<br /> Operating (current service system)9,073,811 9,256,000 9,555,000 9,853,000 10,181,000 10,545,000
<br /> FY07 service reductions (or new revenue)n/a(800,000) (824,000) (848,720) (874,182) (900,407)
<br /> FY08 service reductions (or new revenue)n/an/a(1,200,000) (1,236,000) (1,273,080) (1,311,272)
<br /> Non-departmental580,000 617,000 550,000 567,000 586,000 608,000
<br />Total Expenditures9,653,811 9,073,000 8,081,000 8,335,280 8,619,738 8,941,321
<br />Annual Surplus(Deficit)(586,116) (59,000) (1,000) (243,280) (430,738) (656,321)
<br />Projected Fund Balance3,148,119 3,089,119 3,088,119 2,844,839 2,414,101 1,757,780
<br />Target Fund Balance1,608,968 1,512,167 1,346,833 1,389,213 1,436,623 1,490,220
<br />Amount Above/Below Target1,539,151 1,576,952 1,741,286 1,455,626 977,478 267,560
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