CIP FY 26-30 Final - Flipbook - Page 17
Street Improvements Fund
The Street Improvement Fund supports projects related to general government initiatives specifically
for the Public Works Transportation Department. Legally restricted, funding is used exclusively for
street maintenance programs ensuring that the resources are utilized solely for this purpose. All
projects within this fund are dedicated to the enhancement of the City’s streets and rights-of-way with
the majority of funding derived from motor fuel gas sources and transfers from other funds.
Street Improvement Fund projections are based upon estimated FY 2024/25 revenues with an annual
3% projected increase in revenues from FY 2027/30. The total FY 2026/30 revenue estimate is
$11,469,230 or 67.0% of the total revenue needed to fund all the projects and expenses of this fund.
Expenditures were estimated at a 5% cost increase for FY 2027/30. Currently, both the General Fund
and Stormwater Fund provide an annual transfer of $845,000 and $260,000 respectively. The CRA
transfers a reimbursement for streetlighting. This fund is not self-supporting and is projected to be
operating at a loss beginning in FY 2026/27.
The City strives to maintain a robust street maintenance program, guaranteeing well-maintained roads
and rights-of-way for the benefit of its residents and visitors and ensuring safe and efficient
transportation throughout the community.
Street Improvement Fund Analysis:
Over the next five years, the estimated total cost of projects within this fund is $17,104,259, including
all operating costs, and the ending fund balance is projected to be a deficit of $(4,470,360). This deficit
exists even with the annual transfers from both the General and Stormwater Funds. With the fund
balance allocated, not all projects can be funded much less any additional projects that may arise. To
complete all planned projects, the City will need to evaluate other revenue sources, such as increased
General Fund transfers, grants or debt issuance. Alternative revenue sources will enable the City to
carry out its envisioned initiatives while continuing to manage its resources for the benefit of the
community.
Street Im provem ent Fund
Fund Balance, BOY
$
Estim ated
Proposed
Projected
Projected
Projected
Projected
FY 24-25
FY 25-26
FY 26-27
FY 27-28
FY 28-29
FY 29-30
(1,653,931)
$ (3,044,003)
$ (3,673,726)
Revenue
975,000
1,000,000
1,030,000
1,060,900
1,092,727
1,125,509
Miscellaneous Revenue
142,000
65,000
66,950
68,959
71,027
73,158
1,105,000
1,163,000
1,163,000
1,163,000
1,163,000
1,163,000
2,222,000
2,228,000
2,259,950
2,292,859
2,326,754
2,361,667
3,685,100
3,392,669
2,332,431
638,927
(717,249)
(1,312,059)
Personnel
1,298,231
1,416,036
1,486,838
1,561,180
1,639,239
1,721,201
Operating
720,000
764,249
802,461
842,584
884,714
928,949
Non-Departmental
75,000
97,203
102,063
107,166
112,525
118,151
CIP Projects
427,200
1,042,700
1,595,000
1,172,000
320,000
390,000
2,520,431
3,320,188
3,986,362
3,682,930
2,956,477
3,158,301
Transfer from Other Funds
Total Revenue
Total Funding Available
1,463,100
$
1,164,669
$
72,481
$
Less:
Total Expenditures
Net Operating Incom e
(Loss)
Fund Balance, EOY
(298,431)
$
1,164,669
(1,092,188)
$
72,481
(1,726,412)
$
(1,653,931)
$
(1,390,072)
(629,723)
(796,634)
(3,044,003)
$ (3,673,726)
$ (4,470,360)
Notes:
1. Beginning Fund Balance in FY 2024/25 ties with ACFR for FY 2023/24 year-end balance
2. CIP Expenditure projections for FY 2026/30 based on estimated costs for CIP projects
3. Assumes that project budgets are fully spent each year going forward
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