The Road Impact Fund is a capital project fund established to account for the receipt and disbursement of developer paid impact fees restricted for the purpose of providing increased traffic service levels. By law, these funds may only be used for specific items related to the impact of new development and the related demands placed on the City’s transportation system.

Revenues and other sources for the Road Impact Fund total $1,751,173. This amount includes a total of $1,246,370 for impact fees and an estimated beginning balance of $500,803. This is an increase of $561,075, or 47.2% from the fiscal year 2023 adopted budget of $1,190,098.

Excluding the beginning fund balance and other sources, recurring revenues total $1,250,370. This is an increase of $109,415, or 9.59% from the fiscal year 2023 adopted budget of $1,140,955.

It is important to note that amended, adopted, and proposed budget numbers include Beginning Fund Balance amounts, while actual and estimated actual do not. In accordance with Generally Accepted Accounting Principles, actual amounts reflect only revenues recognized each year. Beginning Fund Balance represents resources received and recognized in prior years as revenue but are available for appropriation in future years.

Expenditures and other uses for the Road Impact Fund total $1,751,173. This amount includes an estimated ending reserve balance of $1,173. Fiscal year 2024 expenditures and other uses are balanced with the total revenues and other sources.

It is important to note that amended, adopted, and proposed budget numbers include Reserves, while actual and estimated actual do not. In accordance with Generally Accepted Accounting Principles, actual amounts reflect only expenditures recognized each year. Reserves represent funds that are held for restricted purposes or may be reallocated for specific purposes throughout the fiscal year.