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Roadway & Transportation CRF
MISSION
The purpose of the Roadway & Transportation Capital Reserve Fund is to set aside funds annually to
address the growing roadway and transportation needs facing the community. The funds may be utilized
for preliminary design for improved cost estimation or for associated debt obligations or any other
maintenance or capital expense related to future roadway or transportation projects. This avoids resource
competition and cash flow demands on the Fund Balance and allows for better planning and
implementation of tangible assets that add value to the community. The estimated value of 1 cent on the
tax rate is dedicated annually as the primary funding resource.
SERVICE TO COMMUNITY
Leverage our resources by re-investing in the community.
BUDGET NOTES
New Initiatives & Priorities
Cost Value
Traffic Pre-emption for Emergency Vehicles Through Town Intersections
350,000
NC 54 Corridor Congestion Mitigation
3
1,000,000
Total
$1,350,000
3
Town Council appropriated reserves to establish the NC 54 Corridor Congestion Mitigation Capital
Project. Information above has been adjusted accordingly.
ROADWAY & TRANSPORTATION CAPITAL RESERVE FUND2017 Actual
2018 Actual
2019 Estimated 2020 Proposed
Beginning Balance
-
$
441,753
$
909,539
$
1,394,660
$
Interest Earnings
1,753
$
7,786
$
10,121
$
5,400
$
Transfer in from General Fund
440,000
$
460,000
$
475,000
$
490,000
$
Transfer out to Capital Project(s)
-
$
-
$
-
$
(1,350,000)
$
Ending Fund Balance
441,753
$
909,539
$
1,394,660
$
540,060
$
Year Over Year % Change Total
105.9%
53.3%
Year Over Year $s Change Total
441,753
$
467,786
$
485,121
$