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<br />•Operating shortfall and fund deficit in 2012-13
<br />•General Fund contribution to Gas Tax street maintenance:
<br />•2009-10 = $1,000,000; 2010-11 = $300,000
<br />•2011-12 thru 2012-13 = $0
<br />•2013-14 = $768,000; 2014-15 through 2018-19 = $738,000
<br />•Deficit reappears in 2016-17 with a transfer from General Fund of $738,000 –
<br />additional funding sources required
<br />
<br />Gas Tax Fund 5-Year Forecast
<br />2011-12 2012-13 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19
<br />Gas Tax Fund 140 Actual Adopted Estimated Projected Projected Projected Projected Projected Projected
<br />Beginning Fund Balance 922,376 664,076 916,069 (62,589) 19,099 38,900 5,872 (68,881) (187,128)
<br />Revenue
<br />Gas Tax 1,765,655 1,260,292 1,224,708 1,279,303 1,317,682 1,317,682 1,317,682 1,317,682 1,317,682
<br />Interest Income/Transfers 5,596 7,500 7,500 775,500 745,500 745,500 745,500 745,500 745,500
<br /> Total Revenues 1,771,251 1,267,792 1,232,208 2,054,803 2,063,182 2,063,182 2,063,182 2,063,182 2,063,182
<br />Expenditures
<br />Personnel 810,668 860,359 860,359 867,287 899,608 940,999 971,172 1,002,998 1,031,077
<br />Non-Personnel 966,890 1,070,641 1,350,507 1,105,828 1,143,773 1,155,211 1,166,763 1,178,430 1,190,215
<br /> Total Expenditures 1,777,558 1,931,000 2,210,866 1,973,115 2,043,381 2,096,210 2,137,935 2,181,429 2,221,292
<br />Annual Surplus/(Shortfall)(6,307) (663,208) (978,658) 81,688 19,801 (33,028) (74,753) (118,247) (158,110)
<br />Ending Fund Balance 916,069 868 (62,589) 19,099 38,900 5,872 (68,881) (187,128) (345,238)
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