sun valley fy2009 budget - council presentation - nils ribi 8-21-08
DESCRIPTION
Council President Nils Ribi's presentation to the Sun Valley City Council and Mayor on 8-25-08 on the status of road infrastructure and an analysis of fund balances for the Fiscal Year 2009 City Budget.TRANSCRIPT
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