Docstoc

Town of Moraga road repair plan

Document Sample
Town of Moraga road repair plan Powered By Docstoc
					Town of Moraga
Road Repair Plan As Recommended by Revenue Enhancement Committee Outreach to Neighborhoods (RECON)
Streets ‐ Estimated Revenues and Expenditures Projection with 1% Sales Tax ‐ 20 Years

Inflation Adj.                                                                2.2%

                                                                      Year 1          Year 2          Year 3       Year 4       Year 5       Year 6                Year 7        Year 8        Year 9        Year 10       Year 11       Year 12       Year 13       Year 14       Year 15     Year 16     Year 17     Year 18            Year 19        Year 20
SOURCES                                                            FY 12/13         FY 13/14        FY 14/15     FY 15/16     FY 16/17     FY 17/18               FY 18/19      FY 19/20      FY 20/21      FY 21/22      FY 22/23      FY 23/24      FY 24/25      FY 25/26      FY 26/27    FY 27/28    FY 28/29    FY 29/30           FY 30/31       FY 31/32      TOTAL
Est. General Transaction and Use Tax‐2012                              450,000            900,000      919,800      940,036      960,716      981,852
                                                                                                                                                                  1,003,453     1,025,529     1,048,090     1,071,148     1,094,714     1,118,797     1,143,411     1,168,566     1,194,274   1,220,549   1,247,401   1,274,843           1,302,890     1,331,554

Estimated Potential Debt Capacity
Project Fund Deposit                                                                         7,110,000
Max Annual Debt Service of $600,000                                                             307,961      317,200      326,716      336,518      346,613           357,012       367,722       378,754       390,116       405,721       421,950       438,828       456,381       474,636      493,621      518,303      544,218          571,429       600,000
True Interest Cost                                                                                4.34%

USES
Estimated Expenditures ‐ 1% Sales Tax
Street Improvements                                                                          2,000,000      3,000,000      2,110,000
Debt Service                                                                                    307,961        317,200        326,716      336,518      346,613       357,012       367,722       378,754       390,116       405,721       421,950       438,828       456,381       474,636      493,621      518,303      544,218          571,429       600,000
Street Maintenance ‐ Pay As You Go                                                           1,042,039         602,600        613,319      624,199      635,239       646,441       657,807       669,337       681,032       688,993       696,848       704,583       712,185       719,638      726,927      729,098      730,626          731,461       731,554
                                                    SUBTOTAL                                 3,350,000      3,919,800      3,050,036      960,716      981,852     1,003,453     1,025,529     1,048,090     1,071,148     1,094,714     1,118,797     1,143,411     1,168,566     1,194,274   1,220,549   1,247,401   1,274,843          1,302,890      1,331,554

Estimated Expenditures ‐ Existing Sources
Street Improvements
                                                                     200,000            200,000      204,400      208,897      213,493      218,189
                                                       Gas Tax                                                                                                        222,990       227,895       232,909       238,033       243,270       248,622       254,091       259,681       265,394      271,233      277,200      283,299          289,531       295,901
                                  Measure J (Return to Source)                          150,000      153,300      156,673      160,119      163,642                   167,242       170,921       174,682       178,525       182,452       186,466       190,568       194,761       199,046      203,425      207,900      212,474          217,148       221,926
                                                   SUBTOTAL          200,000            350,000      357,700      365,569      373,612      381,831                   390,232       398,817       407,591       416,558       425,722       435,088       444,660       454,442       464,440      474,658      485,100      495,772          506,679       517,826

GRAND TOTAL                                                            200,000         3,700,000   4,277,500   3,415,605   1,334,328   1,363,684
                                                                                                                                                                  1,393,685     1,424,346     1,455,681     1,487,706     1,520,436     1,553,885     1,588,071     1,623,008     1,658,715   1,695,206   1,732,501   1,770,616           1,809,569     1,849,380
TOTAL STREET EXPENDITURES
(Grand Total less Debt Service)                                                 ‐            3,042,039   3,602,600   2,723,319      624,199      635,239      646,441      657,807      669,337      681,032      688,993      696,848      704,583      712,185      719,638      726,927      729,098      730,626        731,461      731,554    20,453,926

Note: This plan has not been approved by the Town Council. Bonds will be considered by Council in January/February 2013 if Measure K passes.
Measure K is a General Sales Tax, so plan is dependent on Council approval of bond issuance and annual street maintenance appropriations.

				
DOCUMENT INFO
Categories:
Tags:
Stats:
views:24
posted:10/19/2012
language:English
pages:1