HomeMy Public PortalAbout30 Traffic Safety FundTRAFFIC SAFETY FUND
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CITY OF RAnC O MIRAGE
TRAFFIC SAFETY FUND
FUND 254 TRAFFIC SAFETY FUND
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PROGRAM DESCRIPTION
Pursuant to the California Vehicle Code, the Traffic Safety Fund accounts for traffic fines and forfeitures
received by the City as a result of enforcement action within Rancho Mirage by the Sheriff's Department.
The other source of revenue is interest earnings.
Section 42200(a) of the Vehicle Code provides that revenues of the Traffic Safety Fund are to be used
exclusively for traffic safety purposes such as traffic signals and associated maintenance, equipment and
supplies for traffic law enforcement and traffic accident prevention, and for the construction and
maintenance of public streets.
The total revenue budget for FY 2003-04 is $80,700 - $80,000 in projected fine revenue and $700 interest
earnings. The total expenditure budget for FY 2003-04 is also $80,700, which is intended to partially
reimburse the General Fund for expenditures by the Public Works Department for traffic signal
maintenance.
For FY 2004-05, total revenue budgeted is $80,800 of which $80,000 is projected fine revenue and $800 is
for interest earnings. The expenditure budget totals $80,800 to partially reimburse Public Works
expenditures.
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CITY OF RANC90 FORAGE
FOND FINANCLIL SOMMARY
FOND 254 TRAFFIC SAFETY FUND cmr of R nc o MiRacE
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FY 01-02 FY 02-03 FY 02-03 FY 03-04 FY 04-05
Act 1 Bud et Est_ to Budget Budd
Beginning Fund Balance $ 281,316 159,284 47,472 0 0
Revenues 50,391 58,000 75,000 80,700 80,800
Expenditures 284,235 136,000 122,472 80,700 80,800
Ending Fund Balance $ 47,472 81,284 0 0 0
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BEVENOE ACf1VITY DETAII,
For fiscal Years
200&04 antl ZW405
FUND 254 • TRAFFIC SAFETY FUND
Budget Budget
ACCOUNT ACCOUNT FY 2003-2004 FY 2004-2005
NUMBER NAME DESCRIPTIONS AND ASSUMPTIONS AMOUNT AMOUNT
5400 Fines City's share of vehicle code fines and forfeitures $ 80,000 $ 80,000
TOTAL $ 80,000 $ 80,000
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 $ 700 $ 800
TOTAL $ 700 $ 800
FUND TOTAL $ 80,700 S 80,800
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ERPFNDI'fORE ACf1VITY DETAIL
FoI Fisgl Y¢efS
2003.04 a11tl 200405
F~lP1D 254 ~ 'TRAFFIC sA~~TY ~~
Budget Budget
ACCOUNT ACCOUNT FY 2003-2004 FY 2004-2005
NUMBER NAME JUSTIFICATION FOR STAFF REQUESTS AMOUNT AMOUNT
.8500 Reimbursement to .Reimburse General Fund using 1.00% of Traffic
General Fund Safety Fund revenues for traffic signal maintenance
(account #3200-7618) and salary and benefits of
Public Works Traffic Signal Maintenance &
Operations Technician $ 80,700 $ .80,800
TOTAL $ 80,700 $ 80,800
FUND TOTAL $ 80,700 $ 80,800
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