Sun Valley FY2009 Budget - Council Presentation - Nils Ribi 8-21-08

Roadway and Fund Balance Analysis FY 2009 Budget Meeting August 21, 2008 Nils 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

August 19, 2008

Budget Cost Estimate: $219,219
Total Properties on Meadowridge: 14
Cost Per Property to Repave: $ 15,650

Fund Balance Analysis FY 2009

Determine financial resources available to meet contingencies:
General Fund – Fund Balance 268,000.00
Land Acquisition – Fund Balance 372,000.00
Capital Improvement Fund – Fund Balance 1,000.00
Street Fund – Fund Balance 27,000.00
Workforce Housing – Fund Balance 115,000.00
783,000.00
Contingency Funds
General Fund 285,000.00
Street Fund 43,000.00
Amount Resources Available for Contingencies, End - FY09 1,111,000.00

Determine annual operating expenditures:
General Fund Expenditures 4,205,000.00
Less - Contingency Fund 286,000.00
3,919,000.00
Street 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

Sun Valley FY2009 Budget - Council Presentation - Nils Ribi 8-21-08

by Nils Ribi on Aug 26, 2008

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