sun valley fy2009 budget - council presentation - nils ribi 8-21-08

Roadway and Fund Balance AnalysisFY 2009 Budget Meeting

August 21, 2008Nils Ribi

Roadway Analysis

Arterial Roadways Elkhorn Road Dollar Road Saddle Road

Arterial Roadways Elkhorn Road Dollar Road Saddle Road

Collector Roadways Fairway Road Morningstar Road Juniper Road

Arterial Roadways Elkhorn Road Dollar Road Saddle Road

Collector Roadways Fairway Road Morningstar Road Juniper Road

Residential Roadways Everything Else

Residential Roadways:

Sage Prospector A Prospector B Silver Queen Meadowridge Arrowleaf A and B Defiance Skyline Skyline Spur Independence Cr. Road Thistle Blue Grouse Silverweed Baldy View Parker Gulch Road Saddle Lane Horseshoe

Fairway Loop Fireweed Lupine Bitterroot Bigwells Snowbrush Bluebell Keystone Proctor Mountain Wedeln Hardrock Mayleaf Syringa Camas Loop Paintbrush Old Dollar Road Grey Eagle Sunrise Drive

Residential Roadways:

Sage Prospector A Prospector B Silver Queen Meadowridge Arrowleaf A and B Defiance Skyline Skyline Spur Independence Cr. Road Thistle Blue Grouse Silverweed Baldy View Parker Gulch Road Saddle Lane Horseshoe

Fairway Loop Fireweed Lupine Bitterroot Bigwells Snowbrush Bluebell Keystone Proctor Mountain Wedeln Hardrock Mayleaf Syringa Camas Loop Paintbrush Old Dollar Road Grey Eagle Sunrise Drive

August 19, 2008

August 19, 2008

August 19, 2008

August 19, 2008

August 19, 2008

August 19, 2008

August 19, 2008

August 19, 2008

Budget Cost Estimate: $219,219

Total Properties on Meadowridge: 14

Cost Per Property to Repave: $ 15,650

Fund Balance AnalysisFY 2009

Determine financial resources available to meet contingencies:

General Fund – Fund Balance 268,000.00Land Acquisition – Fund Balance 372,000.00Capital Improvement Fund – Fund Balance 1,000.00Street Fund – Fund Balance 27,000.00Workforce Housing – Fund Balance 115,000.00

783,000.00Contingency Funds

General Fund 285,000.00Street Fund 43,000.00

Amount Resources Available for Contingencies, End - FY09 1,111,000.00

Determine annual operating expenditures:

General Fund Expenditures 4,205,000.00Less - Contingency Fund 286,000.00

3,919,000.00Street Fund Expenditures 708,000.00

Less - Contingency Fund 43,000.00

665,000.00

Annual Operating Expenditures, FY09 4,584,000.00

Calculate Unreserved Fund Balance Ratio:

Resources Available for Contingencies/Annual Operating

Expenditures

1,111,000 / 4,584,000 = 24%

Calculate Unreserved Fund Balance Ratio:Resources Available for Contingencies/Annual Operating

Expenditures

1,111,000 / 4,584,000 = 24%

Add back 16 - Week Reserve (not previously included in analysis):

1,294,000 + 1,111,000 = 2,405,000 / 4,584,000 =52%

(6 months operating expenditures in reserves)

Prudent Responsible Fiscally Sound Focused Adjustable

“Facts are stubborn things; and whatever may be our wishes,

our inclinations, or the dictates of our passion, they cannot

alter the state of facts and evidence.”

John Adams, December 1770