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<br /> SIX-YEAR FORECAST: SPECIAL REVENUE FUNDS
<br /> GAS TAX FUND
<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 S131 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.
<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) (134,010( (1,209,490(
<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( (301,400( 457,073 (442:,196) (244,210( (333,426( (404,244( (414,920( (5,44:,0
<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 /> 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.
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