manitou springs city council regular meeting agenda city council

RURAL TRANSPORTATION PUBLIC FACILITIES FUND
Tab 13
This fund budgets for the authorized use of funds for roadway maintenance and roadway
capital improvements as designated in the ballot question for the county wide Rural
Transportation Authority ballot initiative of November 2004.
2012
2010 2011 Original Final 2013
ACCOUNT DESCRIPTION BUDGET ACTUAL BUDGET BUDGET BUDGET
----------- -------------------------------------------- ---------------------------------------- ------------ --------------
26-335-721 RTA MAINTENANCE ALLOCATIO 274,305 270,388 347,628 347,628 235,914
26-335-722 RTA CAPITAL IMPROVEMENTS 37,053 - 369,846 369,846 115,240
Total Maintenance & Capital Rev: 311,358 270,388 717,474 717,474 351,154
26-499-456 RTA MAINTENANCE EXPENDITU 274,305 266,319 347,628 347,628 235,914 a
b) streets: $161,929
Storm Drainage: $30,000
26-499-730 RTA CAPITAL IMPROVEMENTS (c) 37,053 10,275 369,846 369,846 115,240 c
Total Maintenance & Cap Exp: 311,358 276,593 717,474 717,474 351,154
footnotes:
* Since this fund is on a strictly reimbursement basis, it should never have a fund balance. If it does,
it is due to a lagging reimbursement at the end of the year.
** RTA net sales and use tax revenues for FY2013 are estimated by RTA to be $70,000,000.
** The PPRTA maintains and retains a 10% reserve of all funds allocated which includes 7% for
contingency and 3% for TABOR. That reserve is not reflected in this budget.
. a. The RTA Maintenance Allocation revenue has been calculated by multiplying 35% of the most
recent estimated net sales tax revenues by a factor of .010407. This is the Manitou Springs
population factor
b. The 2013 street program will be Deneta Dr, Fairview Ave, Sutherland Rd, Washington Ave and
Lovers Ln.
c. The City of Manitou Springs used its Capital Improvements Allocation balance for phase 5B in
its Manitou Avenue Streetscape project. The Manitou Avenue Streetscape is a federally granted
transportation project, utilizing local matching funds.
Capital funds not used by 5B in 2012 will be used for the Manitou Avenue West Roundabout in
2013.
67 of 77