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<br />
<br />2025 TDP – FINAL DRAFT 21
<br />
<br />RESERVES
<br />
<br />The following table reflects the operating reserves and capital project reserves/set-asides.
<br />
<br />The Operational Reserve Target is 20% of the Operating Expenditures. Our balance matches that target as we
<br />transfer funds to ensure that minimum is maintained.
<br />
<br />The City’s Transportation Improvement Program (TIP) list was adopted as part of the Transportation Element of
<br />the City’s updated Comprehensive Plan. For Transit, it includes ongoing maintenance and upgrades, as well as
<br />one-time bigger capital needs. The costs are estimated over a period of twenty years, and in our six-year Transit
<br />Development Plan, we would set money aside each year, as feasible, and plan for projects in those categories.
<br />
<br />The target set-aside for ongoing maintenance and upgrades is $6.35M a year, and for one-time major projects,
<br />$8.75M a year. The ending balance reflects the availability of funds for capital projects, outside of currently
<br />planned projects.
<br />
<br />Operating Reserves &
<br />Capital Projects Reserves
<br />2024 2025 2026 2027 2028 2029 2030
<br />Actuals Projected Projected Projected Projected Projected Projected
<br />Operational Reserve Target
<br />(20% of Operating Expenses) 6,393,681 7,054,016 7,279,745 7,498,137 7,723,081 7,954,774 8,193,417
<br />Beginning Balance Op. Reserve 5,000,000 6,866,500 7,054,016 7,279,745 7,498,137 7,723,081 7,954,774
<br /> Transfer In 1,866,500 187,516 225,729 218,392 224,944 231,692 238,643
<br /> Transfer Out
<br />Operating Reserves
<br />Ending Balance – Dec. 31, 6,866,500
<br />
<br />7,054,016
<br />
<br />7,279,745
<br />
<br />7,498,137
<br />
<br />7,723,081
<br />
<br />7,954,774
<br />
<br />8,193,417
<br />
<br />Ongoing Maintenance & Upgrades/Set-asides Target - $6.35M/yr
<br />Beginning Balance (maintenance) - 10,000,000 11,000,000 15,000,000 14,000,000 11,550,000 10,500,000
<br /> Transfer In from Op. Expenditures 10,000,000 9,000,000 7,200,000 5,000,000 550,000 450,000 -
<br /> Transfer Out to Capital Revenue - 8,000,000 3,200,000 6,000,000 3,000,000 1,500,000 1,000,000
<br />One-time major Projects Reserves/Set-asides Target - $8.75M/yr
<br />Beginning Balance (major projects) 1,000,000 2,000,000 3,000,000 3,750,000
<br /> Operations Base Relocation & Construction
<br /> Transfer In from Op. Expenditures
<br /> Transfer out to Capital Revenue
<br /> Vehicle Maintenance Facility Relocation & Construction
<br /> Transfer In from Op. Expenditures 1,000,000 1,000,000 1,000,000 750,000 750,000
<br /> Transfer out to Capital Revenue
<br />Capital Projects Reserves
<br />Ending Balance – Dec. 31,
<br />
<br />10,000,000
<br />
<br />11,000,000
<br />
<br />16,000,000
<br />
<br />16,000,000
<br />
<br />14,550,000
<br />
<br />14,250,000
<br />
<br />14,000,000
<br />
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