HomeMy Public PortalAbout22 Gas Tax FundaNn3 ~,L s~~
CITY OF RAMC O MIRAGE
GAS TAX FUND
FUND 224 GAS TAX FUND
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PROGRAM DESCRIPTION
The Gas Tax Fund is the local agency's share of the state tax on vehicle fuels. The 210b, 2107 and 2107.5
sections of the tax are pass-through funds from the State for street maintenance and construction. Section
2105 is the Proposition 111 tax and requires that the City maintain a certain level of spending on streets.
In the past the City has used the Gas Tax revenues for construction projects or major maintenance projects
such as slurry seals and asphalt hot mix overlays.
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CITY OF RANC90 I~RIIfiE
FOND FINANQAL SUMMA6Y
FUH11224 GAS TAX F~HiI ciN of a nc o Miaac o
~ ~
FY 01-02 FY 02-03 FY 02-03 FY 03-04 FY 04-OS
Ac® Bind et Est® Bud et Budget
Beginning Fund Balance
Reserved for encumbrances $ 0 0 46,128 0 0
Reserved for continuing appropriations 302,870 0 347,030 0 0
Undesignated fund balance 37,587 247,634 226,535 248,936 247,586
Total Fund Balance 340,457 247,634 619,693 248,936 247,586
Revenues 380,465 231,730 324,001 285,250 285,450
Expenditures
Expenditures from current year's budget 101,229 301,600 301,600 286,600 286,600
Expenditures from Reserved for encumbrances 0 0 393,158 0 0
and continuing appropriations
Total Expenditures 101,229 301,600 694,758 286,600 286,600
Ending Fund Balance
Reserved for encumbrances 46,128 0 0 0 0
Reserved for continuing appropriations 347,030 0 0 0 0
Undesignated fund balance 226,535 177,764 248,936 247,586 246.,436
Total Fund Balance $ 619,693 177,764 248,936 247,586 246,436
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BEVENOE ACf1VITi' DETAd
For Fiscal Years
2003.04 aaU 200405
FUND 224 • GAS TAX FUND
Budget Budget
ACCOUNT ACCOUNT FY 2003-2004 FY 2004-2005
NUMBER .NAME .DESCRIPTIONS AND ASSUMPTIONS AMOUNT AMOUNT
4615 State Gas Local agency's share of the State tax on vehicle fuels
Tax 2105 used for street construction or maintenance projects.
Assumption: Slight growth from prior year's
estimate. $ 89,300 $ 89,300
TOTAL $ 89,300 $ 89,300
4618 State Gas Local agency's share of the State tax on vehicle fuels
Tax 2106 used for street construction or maintenance projects.
Assumption: Slight growth from prior year's
estimate. $ 65,400 $ 65,400
TOTAL $ 65,400 $ 65,400
4621 State Gas Local agency's, share of the State tax on vehicle fuels
Tax 2107 used for street construction or maintenance projects.
Assumption: Slight growth from prior year's
estimate. $ 119,250 $ 119,250
TOTAL $ 119,250 $ .119,250
4624 State Gas Local agency's share of the State tax on vehicle fuels
Tax 2107.5 used for street construction or maintenance projects.
Assumption: Slight growth from prior year's
estimate. $ 3,000 $ 3,000
TOTAL $ 3,000 $ 3,000
5800 Interest Interest earned on cash and investments.
Assumption: Based on 3.5% and 3.3% interest rates
for FY 2003-04 and FY 2004-OS $ 8,300 $ 8,500
TOTAL $ 8,300 $ 8,500
FUND TOTAL $ 285,250 $ 285,450
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EXPENDfN6E ACf1VITY DETAIL
For Fiscal Years
2003.04 enU 200405
FUND 224 • GAS TAX FUND
Budget Budget
ACCOUNT ACCOUNT FY 2003-2004 FY 2004-2005
NUMBER NAME JUSTIFICATION FOR STAFF REQUESTS AMOUNT AMOUNT
7400 Professional/ Services for preparation of Annual Street Report. $ 1,600 $ 1,600
Technical TOTAL $ 1,600 $ 1,600
90018 Citywide Annual. Refer to the Capital Improvement Program section.
Slurry Seal and of this document for a project description.
Overlay Program $ 285,000 $ 85,000
TOTAL $ 285,000 $ 85,000
90238 Hwy 111 ARHM Refer to the Capital Improvement Program section
overlay-Mirage of this document for a project description.
,~ Cove to West
City Limits $ - $ 100,000
TOTAL $ - $ 100,000
90239 Bob Hope ARHM Refer to the Capital Improvement Program section
overlay-Blood Bank of this document for a project description.
to Frank Sinatra ~ $ - $ 1.00,000
TOTAL $ - $ 100,000
FUND TOTAL $ 286,600 $ 286,600
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