|
A summary of all project revenues estimated to be received/collected in caeh fiscal year, includin~
<br />beginning fund balances, proposed expenclinn~ and projected fund balances, is as follows:
<br />
<br />SOURCES OF PROJECT REVENUE AND EXPENDITURES AND FUND BALANCES
<br />
<br /> FY 199~/98 FY 1998/99 FY 1999/00 FY 2000/01 FY 2001/02 TOTAL
<br />BEGINNING BALANCES $1 i,719,3S0 S7,507,2.S7 $8,413,803 S9,.540,953 S13,144,371 Sl 1,719,350
<br />(7/I/97)
<br />GAS TAX/HIGHWAY 1,474,~00 1,520,500 1,.$t5,!~0 I,,S90,S00 1,426,S00 7,567,,S00
<br />DEVELOPMENT-I2~-IATED 3,407,300 4,432,S61 3,571,800 842,12.S 6M,g.S0 12,908,636
<br />DEVELOPER 334,200 1,201,000 895,000 126,600 0 2,5S6,800
<br />CONTRIBUTIONS
<br />5RANTS 3,S09,469 0 469,740 0 4S4,620 4,433,829
<br />~ USER FEES 2,434,000 2,667,000 2,912,000 3,181,000 3,472,000 14,686,000
<br />FRANSFERS FROM OTHER 6,684,059 2,718,848 2,.S08,886 2,390,134 2,392,202 16,694,129
<br />RJNDS
<br />TOTAL REVENUES 30j}86,878 20,O7,166 20,820,729 18,2.q0,312 22,364,r~ 73,403,244
<br />TRANSFER TO NEXT (3,407,300) (4,432,S61) (3,S71,800) (842,12S) (6S4,SS0) (6S4,SS0)
<br />TRANSFER FROM PRIOR ~,407,300 4,432,.$61 3,.~71,800 842,125
<br />FINANCIAL RESOURCES 26,679578 19,461,90S 21,681,490 20,979,987 22,5Sl,818 '0
<br />&VAIL,*,BLE
<br />EXPENDITURES 19,172,32l I i.048.102 12. 140.537 7,835,616 "'7,253,S81 57o4~0.157
<br />ENDING BALANCE $7,507,257 $8,413,803 $9,S40,9~53 $13,144,371. ~ $15,298,237 $15,298,237
<br />
<br />k sunm3ary of the major revenue categories is as follows.
<br />~tate and Local Gas Tax and Highwa.y Related Revenue
<br />lls tax revenues are allocated annually to cities on a state-wide allocation formula which is based
<br />rimarily on a city's population. These funds can be spent on new colon or the rclmir and
<br />mintenance of existing street system__ _s or street lighting.
<br />is est/_m~t~l that a total of $1,088,500 of gas tax revenue will be received in FY 1997/98. This
<br />:~mpares to $1,037,500 which is currently estimated for FY 1996/97. The five year projections of
<br />.-w gas tax revenue is $5,716,500. A total of $ 1 ,85 1 ,000 in Measure B revenue is also expected.
<br />t addition to the streets program traditional gas tax and grant revenues, this years program includes
<br />~2,000 in fees collected from Hacienda Business Park for roadway maintenance in the park and
<br />~,122,011 from the Federal Oovemment's ISTEA Program.
<br />
<br />
<br />
|