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SIX-YEAR FORECAST: SPECIAL REVENUE FUNDS
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<br />GAS TAX FUND
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<br />The Gas Tax Fund is used to account for subventions received from State gas tax allocations.
<br />State subventions are restricted to uses related to local streets and highways, construction
<br />and improvements, and maintenance and repairs. Gas Tax funds are used to fund the City’s
<br />pavement maintenance program in the Public Works Department.
<br />Analysis
<br />Effective November 1, 2017, The Road Repair and Accountability Act of 2017 (SB 1) requires
<br />a 12 cent per gallon tax for road maintenance rehabilitation. Therefore, in 2018-19 an
<br />increase of over $1.4 million was budgeted based on the State Department of Finance
<br />projections for San Leandro. Subsequent years continue to anticipate $1.45 million per fiscal
<br />year. In order to comply with SB1 requirements, the City must provide “maintenance of effort”
<br />funding based on the three-year average of General Fund transfers for 2009-10, 2010-11
<br />and 2011-12, or $433,000; 2017-18 includes $289,000 for a partial year and 2018-19
<br />projections includes $433,000; subsequent years maintenance of effort met through general
<br />fund actual streets and road repair expenditures.
<br />The Transportation Congestion Relief Program of 2000 “loaned” the State of California
<br />general fund $706 million. Starting 2017-18, the State is repaying these borrowed funds to
<br />agencies. Therefore, San Leandro, will receive $100,000 for three years beginning 2017 -18
<br />as the City’s proportionate share. These repayments are included in the projections for the
<br />three years.
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<br />Assumptions
<br /> Revenue projections to remain flat and will updated as the new program continues.
<br /> Future years General Fund expenditures for streets qualify for the projected maintenance
<br />of effort requirement.
<br />
<br />2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25
<br />Gas Tax Fund 140 Actual Actual Projected Projected Projected Projected Projected Projected Projected
<br />Beginning Fund Balance 784,570 584,341 276,933 734,006 291,810 7,540 (326,287) (734,575) (1,209,495)
<br />Revenue
<br />Gas Tax 1,428,889 1,926,802 2,832,118 2,884,272 2,885,500 2,885,500 2,885,500 2,885,500 2,885,500
<br />Interest Income/Transfers 239,685 389,929 534,118 100,785 2,000 2,000 2,000 2,000 2,000
<br /> Total Revenues 1,668,574 2,316,731 3,366,236 2,985,057 2,887,500 2,887,500 2,887,500 2,887,500 2,887,500
<br />Expenditures
<br />Personnel 979,493 1,236,601 1,432,850 1,529,681 1,615,010 1,641,785 1,693,074 1,736,134 1,781,236
<br />Non-Personnel 889,309 1,387,538 1,476,313 1,897,572 1,556,760 1,579,541 1,602,714 1,626,286 1,650,263
<br /> Total Expenditures 1,868,802 2,624,139 2,909,163 3,427,253 3,171,770 3,221,326 3,295,788 3,362,420 3,431,500
<br />Annual Surplus/(Shortfall)(200,229) (307,408) 457,073 (442,196) (284,270) (333,826) (408,288) (474,920) (544,000)
<br />Ending Fund Balance 584,341 276,933 734,006 291,810 7,540 (326,287) (734,575) (1,209,495) (1,753,495)
<br />77
<br />99
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