Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
2. local road improvement fund
LOCAL ROAD IMPROVEMENT (FUND 408) 2017 2018 2019 2020 2021 2022 2023 2024 2025 Account Description Adopted Proposed Proposed Proposed Proposed Proposed Proposed Proposed Proposed FUND BALANCE SUMMARY Revenue $ 1,161,233 $ 595,700 $ 581,500 1 $ 581,500 $ 581,500 $ 581,500 $ 581,500 $ 581,500 $ 581,500 Expenditures 1 $ 50,000 1 $ 800,000 1 $ - 1 $ 925,000 1 $ - 1 $ 1,050,000 1 $ - 1 $ 700,000 1 $ - Net Revenues (Expenditures) ! $ 1,111,233 ! $ (204,300)1 $ 581,500 ! $ (343,500)1 $ 581,500 ! $ (468,500)1 $ 581,500 ! $ (118,500)1 $ 581,500 ! Balance January 1 $ 374,020 ; $ 1,485,253 ; $ 1,280,953 ; $ 1,862,453 ; $ 1,518,953 ; $ 2,100,453 ; $ 1,631,953 ; $ 2,213,453 ; $ 2,094,953 ; I I I I I I I Total Other Income $ 500 ; $ 500 ; $ 500 ; $ 500 ! $ 500 ! $ 500 ; $ 500 ; $ 500 ; $ 500 ; Other Financing Sources $ 925,000 $ $ 1,050,000 $ Balance December 31 $ 1,485,253 $ 1,280,953 $ 1,862,453 $ 1,518,953 , $ 2,100,453 , $ 1,631,953 $ 2,213,453 $ 2,094,953 $ 2,676,453 , 600,200 1 $ 14,200 $ $ $ $ $ $ $ Transfer in balance from 2007 blacktop Special Assessme: $ 77,000 $ 14,200 Transfer from General Fund per fund balance policy $ 523,200 Annual debt service to bond $1M of road improvments over a 10 -year period @ 4% $123,290.94 Annual cost to property owner per $100,000 of tax valuation of $1M 30 -year bond $ 21.00 REVENUES Taxes 31000 Washington Cty. Tax Settlement $ 560,533 $ 581,000 $ 581,000 $ 581,000 $ 581,000 $ 581,000 $ 581,000 $ 581,000 $ 581,000 Total Property Taxes $ 560,533 $ 581,000 $ 581,000 $ 581,000 $ 581,000 $ 581,000 $ 581,000 $ 581,000 $ 581,000 Revenues 33422 Other State Grants & Aids ; $ - ; $ - ; $ - ; $ - ! $ - ! $ - ; $ - ; $ - ; $ Total Intergovernmental Aid Special Assessments 36100 Special Assessments i $ Other Income 36210 Interest Income $ 500 $ 500 $ 500 $ 500 $ 500 $ 500 $ 500 $ 500 $ 500 36250 Misc Refund I I I I I I I I I Total Other Income $ 500 ; $ 500 ; $ 500 ; $ 500 ! $ 500 ! $ 500 ; $ 500 ; $ 500 ; $ 500 ; Other Financing Sources $ 925,000 $ $ 1,050,000 $ $ 700,000 $ 39203 Transfer - Debt Service Fund $ 77,000 $ 14,200 I I 39203 Transfer -General Fund $ 523,200 Total Other Financing Sources $ 600,200 1 $ 14,200 $ $ $ $ $ $ $ TOTAL REVENUES , $ 1,161,233. $ 595,700. $ 581,500 . $ 581,500. $ 581,500. $ 581,500. $ 581,500 , $ 581,500 , $ 581,500 EXPENDITURES Contractual Services 303 Engineering Services $ 50,000 Total Contractual Services I $ 50,000 1 $ I $ - I $ - 1 $ - I $ - I $ - I $ I $ I Capital Outlays 530 Capital Improvements other than Bldgs $ $ 800,000 ; $ 925,000 ; ; $ 1,050,000 ; $ 700,000 ; Total Capital Outlays $ $ 800,000 $ $ 925,000 I $ I $ 1,050,000 $ $ 700,000 $ I TOTAL EXPENDITURES $ 50,000 $ 800,000 $ $ 925,000 $ $ 1,050,000 $ $ 700,000 $ Planning 2018 Projects Old Marine Trail 199th & Parkview 202nd, Orwell & Orwell Ct. 228th &Mallard d NOTES Transfer in balance from 2007 blacktop Special Assessme: $ 77,000 $ 14,200 Transfer from General Fund per fund balance policy $ 523,200 Annual debt service to bond $1M of road improvments over a 10 -year period @ 4% $123,290.94 Annual cost to property owner per $100,000 of tax valuation of $1M 30 -year bond $ 21.00