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THE CITY OF SOUTH BEND
<br />2007 BUDGET -SUMMARY OF MAJOR CHANGES FROM 2006
<br />LOCAL ROADS AND STREETS ACCOUNT (Fund #251)
<br /> 2005 2006 2006 Anticipated 2007
<br /> Actual Projection Budget Changes Budget
<br />REVENUE:
<br />Gasoline Tax (including State Lottery Funds) 1,212,413 1,224,740 1,188,005 36,736 1,224,741
<br />Wheel Tax 1,914,530 1,875,124 1,925,000 (50,000) a 1,875,000
<br />Reimbursements 69,699 0 0 0 0
<br />Interest on Investments 52,910 53,100 10,000 40,000 50,000
<br />Total Revenue 3,249,552 3,152,964 3,123,005 26,736 3,149,741
<br />Total Revenue Increase/(Decrease) 26,736
<br />Revenue Increase/(Decrease) as a Percent 0.9%
<br /> 2005 2006 2006 Anticipated 2007
<br /> Actual Projection Budget Changes Budget
<br />CAPITAL EXPENDITURES (see note b & c):
<br />Street Paving Materials & Repairs 1,430,274 1,936,963 1,500,000 (1,500,000) 0
<br />Concrete Street Paving 272,829 200,000 200,000 (200,000) 0
<br />Specific Street Improvements 846,510 2,407,410 1,253,000 (1,253,000) 0
<br />Engineering Fees 51,875 114,571 0 0 0
<br />Traffic Signals and Devices 8,095 70,000 70,000 (70,000) 0
<br />Total Capital Expenditures 2,609,583 4,728,944 3,023,000 (3,023,000) 0
<br />Revenue Overl(Under)Expenditures 639,969 -1,575,980 100,005 3,149,741
<br />NOTES:
<br />a -Estimate based on historical trending.
<br />b -The 2005 actual and 2006 actual expenditures reflect only cash expended during the year and do not include amounts unspent but
<br />encumbered as of the end of the year.
<br />c -The revenue collected in this fund is appropriated during the Capital Budget process which is presented to the Common
<br />Council for approval every February (after the operating budget for the current year has been approved). The Capital Budget
<br />is determined by the fund's cash balance at the start of the year plus the projected LRSA Fund revenue (gasoline taxes) to be
<br />received during the coming year.
<br />PROJECTION OF CAPITAL FUNDS AVAILABLE FOR 2008
<br />LRSA Fund cash balance as of 1/1/06 1,945,615
<br />2006 Projected Revenue (see above) 3,152,964
<br />2006 Projected Expenditures including 2005 encumbrances (see above) (4,728,944)
<br />Projected LRSA Fund cash balance as of 12/31/06 369,635
<br />2007 Revenue Over/(Under) Expenditures (see above) 3,149,741
<br />Projected LRSA funds available for Capital in 2008 3,519,376
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