Presentation on theme: "Public Works Road Fund Overview May 2, 2013 Tanya Heaton, PW Budget Manager."— Presentation transcript:
Public Works Road Fund Overview May 2, 2013 Tanya Heaton, PW Budget Manager
Current Situation Shrinking revenue Cost increases Increasing service requests Expenses exceed revenue
Road Fund Focus Customer Service Road Safety Road Preservation Stewardship
Sweet Creek Road Current grant project, work began summer 2012. Damage to the road due to retaining wall failure. 10 years of progressive deterioration.
Road Fund - Key Points One major revenue stream significantly influenced by economy Dedicated State Revenue --restricts use to road purposes FY 13-14 Beginning Fund Balance ~ $29m FY 13-14 Ending Fund Balance ~ $14m (Reserves)
Annual Operating Revenue Millions Updated: April 2013 FY 12-13 Last SRS payment Annual revenue decreases $17 million in six years
What are we doing? Plan and reach for a balance of excellent and sustainable services Seeking revenue opportunities Building project partnerships Reducing expenses Spending reserves
Budget Direction FY 12-13 Begin reductions to close Road Fund Gap Reduce operational expenses by 20% FY 13-14 Limited Growth – Personnel Services at contract level and Materials &Services at CPI of 1.6% Maintain FY 12-13 service levels when feasible
Budget Concerns Reducing the gap Cost escalations Budget variables Balancing operations and reserves with resource requests
Sweet Creek Project Last concrete slab being lowered into place. 105 slabs were used to build 7900 linear foot of foundation for the roadway. Each slab is 4ft wide and 30in deep with lengths from 50 to 80 feet.