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Chairman Way opened the meeting at 9:00 AM. - page 3 / 51

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Prepared December 30, 2005

Shelley Kondrat, Clerk

2005 YEAR-END BUDGET SUMMARY

Page      of

         1         3

Name of Governmental Unit

   Charlevoix County Road Commission

Name of Fund

   Road Fund

Fund No.

   201

Budget Year Ending

Date:  12-31-05

FISCAL YEAR JANUARY 1 TO DECEMBER 31, 2005 FINAL BUDGET

REVENUES (AND OTHER SOURCES)

AMOUNT

                 DEPARTMENT OR CLASSIFICATION

PAGE

 NO.

ACCOUNT DESCRIPTION

ESTIMATED PRIOR

YEAR (12-31-04)

PREVIOUSLY

APPROVED BUDGET

RECOMMENDED

12-31-05 BUDGET

2

TRANSPORTATION

3,395,620.99

3,120,000.00

3,606,253.57

2

FEDERAL & STATE REVENUE

152,749.59

1,357,826.16

1,358,467.39

2

ECONOMIC DEVELOPMENT FUND

0.00

0.00

0.00

2

TRUNKLINE MAINTENANCE-PRIMARY

394,057.28

380,000.00

472,108.08

2

COUNTY RAISED REVENUE

1,853,831.56

476,417.38

462,201.41

2

OTHER RAISED REVENUE

174,387.63

0.00

11,500.00

2

INTEREST EARNED

13,070.01

35,350.00

34,390.00

2

SALVAGE SALES

2,083.69

1,500.00

1,509.05

2

GAIN/LOSS-EQUIPMENT DISPOSALS

7,212.00

53,850.71

53,850.71

2

PERMIT FEES

29,396.50

30,000.00

35,500.00

2

OTHER

350.00

0.00

387.65

TOTAL REVENUES

6,022,759.25

5,454,944.25

6,036,167.86

TOTAL OTHER SOURCES

0.00

0.00

0.00

       TOTAL REVENUES AND OTHER SOURCES

6,022,759.25

5,454,944.25

6,036,167.86

EXPENDITURES (AND OTHER USES)

AMOUNT

                 DEPARTMENT OR CLASSIFICATION

PAGE

NO.

ACCOUNT DESCRIPTION

ESTIMATED PRIOR

YEAR (12-31-04)

PREVIOUSLY

APPROVED BUDGET

RECOMMENDED

12-31-05 BUDGET

3

HEAVY MAINTENANCE

1,886,212.78

1,712,358.09

2,165,759.27

3

REGULAR MAINTENANCE

2,886,863.17

2,195,000.00

2,637,637.06

3

TRUNKLINE MAINTENANCE-PRIMARY

394,057.28

380,000.00

472,108.08

3

ADMINISTRATIVE EXPENSE (NET)

430,372.76

254,250.00

279,929.98

3

EQUIPMENT EXPENSE (NET)

-93,107.51

60,000.00

44,946.74

3

CAPITAL OUTLAY (NET)

-84,535.91

205,985.86

224,244.23

3

DISTRIBUTIVE EXPENSE

0.00

780,000.00

0.00

3

OTHER

0.00

0.00

0.00

TOTAL EXPENDITURES

5,419,862.57

5,587,593.95

5,824,625.36

OTHER USES

0.00

0.00

0.00

AMOUNTS NEEDED FOR CONTINGENCIES

0.00

0.00

0.00

   TOTAL EXPENDITURES AND OTHER USES

5,419,862.57

5,587,593.95

5,824,625.36

CURRENT ESTIMATED OPERATING SURPLUS (DEFICIT)

211,542.50

ACCUMULATED AVAILABLE UNAPPROPRIATED SURPLUS

(DEFICIT) FROM PRIOR YEARS

1,832,141.88

PROJECTED SURPLUS AT END OF BUDGET YEAR

2,043,684.38

VOTE:Ayes – 3Nays – 0Motion carried.

All present discussed:

Possible 2006 Tomkins Road reconstruction, Wilson Township: Mr. Harmon noted required ditch work at Tomkins /Etcher Road intersection to solve wash and erosion problems.

Michigan State Senator Jason Allen and Representative Kevin Elsenheimer voting in favor of road fund transfers to the Secretary of State.

Mrs. Kondrat presented 2006 proposed beginning budget, explaining revenues include 2006 anticipated contributions and expenses include three reconstruction projects and equipment purchases – four tandem dump trucks and one motor grader (the motor grader has a trade-in through the guaranteed buy-back program – which Mr. Harmon suggests for future loader purchases).  Mr. Harmon said joysticks controlling steering and blades have replaced grader consoles and steering wheels, and were preferred by all experienced test drivers.  Commissioner Roloff asked if Beaver Island would receive a grader; Mr. Harmon said not before a new building because graders deteriorate if stored outside.

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