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BACKGROUND: This topic was discussed at the January 15 study session. Following <br />presentation of the available options, the Board requested additional information. <br />Of the three options previously presented, the alternative that Finance and Public Works <br />feel provides the greatest flexibility with the least operational disruption is to reduce the <br />Parks subsidy from $1,750,000 to $750,000. This level of funding would allow the <br />department to fulfill its adopted work plan without committing funds beyond what is <br />anticipated to be expended, a small margin is included in that figure. <br />The remaining estimated $1,000,000 would be held in reserve until the close of the 2026 <br />budget year. At that time, the Road Fund would be evaluated to determine whether a <br />deficit or surplus exists. The Board would then have the opportunity to allocate the <br />reserved funds to offset any identified deficit, if necessary. <br />Any remaining balance from the BEET II collection following this determination would <br />be transferred to the Facility Replacement Fund (formerly the New Courthouse Fund), <br />which currently has a balance of approximately $2,000,000. This continues the process <br />in earnest of working towards replacing outdated facilities. <br />ADDITIONAL ANALYSIS: <br />County Road Fund Balance <br />(Less Franchise Reserve) <br />$12MM <br />$30MM <br />$8MM <br />$6MM <br />$4MM <br />$2MM <br />$OMM <br />2020 2021 2022 2023 2024 <br />The graphic to the left <br />illustrates the County Road <br />Fund balance over the past <br />four years. The lighter blue <br />line reflects what the fund <br />balance would have been <br />without the prior BEET II <br />subsidies (100% in 2023 <br />and 2024, and 50% in <br />2025). <br />Typical annual Road Fund expenditures range between $16 million and $20 million. The <br />current fund balance represents slightly more than seven months of average expenditure <br />if revenues were to cease (Burn Rate). <br />$22 MM <br />$20 MM <br />�t <br />$18 MM <br />$16 MM <br />$14 MM <br />2022 2023 2024 2025 2026 <br />Auditor "Study Session Staff Report", 02/19/2026 <br />The graphic to the left <br />compares the funds expense <br />and revenue — actuals for <br />2022-2024 and budgeted <br />numbers for 2025-2026 <br />Page 2 of 3 <br />