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Pavement management fund activity resulted in an increase of $141,269 to the net positon compared to a planned
<br />increase of $81,600. This increase is the result of the capital outlay not shown as an actual expense in the table.
<br />Pavement Management Fund
<br />2014
<br />2015
<br />Change from 2014
<br />Actual
<br />Budget
<br />Actual
<br />Variance
<br />Percent
<br />Dollars
<br />Operating revenues:
<br />Customer charges
<br />$ 104,400
<br />$ 108,600
<br />$ 108,600
<br />$ -
<br />4.0%
<br />$ 4,200
<br />Operating expenses:
<br />Professional services
<br />13,247
<br />-
<br />-
<br />-
<br />-
<br />(13,247)
<br />Depreciation
<br />20,431
<br />-
<br />21,506
<br />(21,506)
<br />5.3%
<br />1,075
<br />Total operating expenses
<br />33,678
<br />-
<br />21,506
<br />(21,506)
<br />-36.1%
<br />(12,172)
<br />Operating income (loss)
<br />70,722
<br />108,600
<br />87,094
<br />(21,506)
<br />23.1%
<br />16,372
<br />Nonoperating activity
<br />Interest on investments
<br />7,163
<br />5,500
<br />5,801
<br />301
<br />Change in fairvalue of investments
<br />29,560
<br />-
<br />(1,626)
<br />(1,626)
<br />Capital outlay
<br />-
<br />(82,500)
<br />-
<br />82,500
<br />Transer in
<br />50,000
<br />50,000
<br />50,000
<br />-
<br />Total nonoperating activity
<br />86,723
<br />(27,000)
<br />54,175
<br />81,175
<br />Change in net position
<br />157,445
<br />$ 81,600
<br />141,269
<br />$ 59,669
<br />Beginning net position
<br />1,211,672
<br />1,369,117
<br />Ending net position
<br />$ 1,369,117
<br />$ 1,510,386
<br />The transfer in of $50,000 was received from the capital projects fund.
<br />No capital costs were expended in 2015. Budgeted projects not constructed were Totem Pole and Veteran's
<br />Park and Innsbruck trails.
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