FY26 Adopted Budget Final

ROAD USE TAX FUND

The Road Use Tax Fund (RUTF) accounts for revenue sharing from state taxes related to transportation (road use taxes). The City’s use of road use taxes is restricted to street and storm sewer maintenance, repair, and construction including engineering, streetlights, traffic signs and signals, snow removal, street cleaning, right-of-way maintenance, etc. Fund Balance: Road Use Tax Fund’s revised fund balance on June 30, 2025 is projected to be $6,266,129, a decrease of $474,400 or 7.0% from the fiscal year 2024 year-end balance. This decrease is primarily due to a conservative estimate in Road Use Tax revenue.

The fiscal year 2026 estimated fund balance is budgeted to decrease by another $1,269,600 to $4,996,529. This decrease is due to a one-time increase in capital projects funding.

(1) FY25 - FY27 figures are estimates (2)

The Road Use Tax Fund borrowed $1.4 million from the Landfill Cell Replacement Reserve during fiscal year 2019 to help construct portions of the new Public Works Facility. The following is a summary of that loan:

Principal Outstanding as of 6/30/25

Total Payment FY26

Final Payment

FY26 Principal

FY26 Interest

Loan

Date

Loan Amount

2019 Public Works Facility Loan

6/30/2019

$ 1,400,000

2036

$ 969,644

$ 93,173

$ 79,168

$ 14,005

379