|
340 Transportation Capital Projects Fund
<br />FY13FY13FY13
<br />doptedSB1 ActionRevised
<br />A
<br />I.RESOURCES
<br />BEGINNING WORKING CAPITAL
<br />18,001,538(11,570,196)6,431,342
<br />a
<br />CHANGE TO WORKING CAPITAL
<br />REVENUE
<br /> Taxes3,060,00003,060,000
<br /> Intergovernmental03,180,8673,180,867
<br />c,d
<br /> Rental40,000040,000
<br /> Charges for Services5,00005,000
<br /> Interfund Transfers30,000030,000
<br /> Fiscal Transactions7,520,0006,689,64414,209,644
<br />a
<br />Total Revenue10,655,0009,870,51120,525,511
<br />TOTAL RESOURCES28,656,538(1,699,685)26,956,853
<br />II.REQUIREMENTS
<br />Capital Projects
<br /> Capital Projects10,860,000313,30311,173,303
<br />d,e
<br />12,240,614
<br /> Capital Carryover15,727,247(3,486,633)
<br />b
<br />Total Capital Projects26,587,247(3,173,330)23,413,917
<br />Non-Departmental
<br /> Debt Service40,000040,000
<br /> Balance Available2,029,2911,473,6453,502,936
<br />a,b,c,e
<br />Total Non-Departmental2,069,2911,473,6453,542,936
<br />TOTAL REQUIREMENTS28,656,538(1,699,685)26,956,853
<br />340 Transportation Capital Projects Fund
<br />a)Beginning Working Capital Reconciliation: Decrease the budgeted Beginning Working Capital by
<br />$11,570,196, increase Draws on General Obligation Line of Credit for bonds authorized but not sold in the
<br />prior fiscal year by 6,689,644, and decrease Balance Available by $4,880,552. These adjustments bring the
<br />FY13 budgeted Beginning Working Capital in compliance with the audited FY12 actual revenues and
<br />expenditures as determined by Isler & Company, LLC, the City's external auditor.
<br />b)Capital Carryover Reconciliation: Decrease capital appropriations by $3,486,633, and increase
<br />Balance Available by the same amount. The adjustment reconciles the FY13 Capital Carryover Estimate to
<br />the actual ending FY12 capital projects balance.
<br />c)Rebudget Prior Year Revenues: Recognize intergovernmental revenues in the amount of $2,987,191
<br />for externally funded projects not completed in prior fiscal years, including North Bank Path Rehabilitation
<br />and Lighting, Fern Ridge Path between Chambers and Arthur Streets, River Path Connectors, and various
<br />Pavement Preservation Projects, and increase Balance Available by the same amount.
<br />d)New Revenues: Recognize $193,676 in intergovernmental revenues associated with the Oregon
<br />Department of Transportation (ODOT) grant for Fern Ridge Path between Greenhill Road and Terry Street,
<br />and increase capital appropriations by the same amount.
<br />e)Capital Appropriation Adjustments: Increase capital appropriations by $119,627 for the Street Tree
<br />Program ($69,627) and the Transportation Capital Project Fund's share of the purchase of land adjacent to
<br />the Roosevelt Yard ($50,000), and decrease Balance Available by the same amount.
<br />
|