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Fiscal Sustainability Strategy for <br />Kittitas County Public Works <br />20 -Year Transportation Improvement Program j Final Report: May 22, 2018 <br />Executive Summary <br />This letter report assesses Kittitas County's (the County's) historical transportation improvement program <br />and its future operating and capital needs. We present the funding gap between expected revenues <br />and future needs and provide strategies to balance future revenues; operating, maintenance, and <br />preservation expenses; and capital projects. The County's goals are to fill the anticipated 20 -year <br />funding gap, provide safe roads and bridges, and better align beneficiaries and those who are paying. <br />This report recognizes that any funding strategy must balance these goals against developing sustainable <br />revenue sources that are feasible for the County to implement. <br />Based on historical revenues, we project the following: <br />The County can expect approximately $207 million in transportation revenues over the 20 -year <br />planning period between 2018 and 2037 (in 2018 dollars), including $60 million in the 6 -year <br />period. <br />Out of the $207 million in projected revenues over 20 years, approximately $77 million comes <br />from assumed awards from federal and state grants and Road Fund allocations to match those <br />grants, which are capital -restricted funds. This leaves $130 million in available revenues for <br />operating expenditures. This estimate assumes that the County can successfully secure grant awards. <br />The County faces approximately $171 million in total operating and maintenance and preservation <br />costs, which include the costs of maintaining, preserving, and operating current roads, bridges, and <br />facilities. <br />■ This means the County faces a $41 million deficit in operating revenues over 20 years. <br />On the capital side, the $77 million available for the prioritized capital projects over the life of this <br />plan is not sufficient to complete the $127 million of projects on the County's prioritized project list. <br />The County faces an additional $50 million deficit in revenues for capital projects. <br />Together, the County faces a $91 million deficit in operating and capital costs. Key figures to summarize <br />the County's financial capacity are highlighted in Exhibit 1 below. <br />:101 May 22, 2018 Kittitas County Public Works 120 -Year TIP Fiscal Sustainability Sfrafegy: Final Reporf <br />