Financial Puzzle Oklahoma Cooperative Circuit Engineering Districts - - PowerPoint PPT Presentation

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Financial Puzzle Oklahoma Cooperative Circuit Engineering Districts - - PowerPoint PPT Presentation

Apr 10, 2024 44 likes •300 views

Financial Puzzle Oklahoma Cooperative Circuit Engineering Districts Board Agenda History Circuit Engineering District, CED, Revolving Fund Emergency and Transportation Revolving, ETR, Fund History Oklahoma Department of Transportation

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Financial Puzzle

Oklahoma Cooperative Circuit Engineering Districts Board

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Emergency and Transportation Revolving, ETR, Fund

Agenda

History

Circuit Engineering District, CED, Revolving Fund

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  • Managed Funding, 1986
  • County Bridge Fund
  • County Road Fund
  • Chip/oil Fund
  • Provided counties:
  • Design
  • Construction Inspection
  • Safety Bridge Inspection

Oklahoma Department of Transportation

History

Employees

  • 1982 – 3,529
  • 2015 – 2,333
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  • CED Legislative language enacted
  • ACCO hired Staff Engineer
  • Funded by State Auditors’ Office
  • $165,000 per year contract for salary

and “startup” funds for CEDs.

  • CED #7 formed
  • CEDs #1-#6 & #8 formed

Circuit Engineering District, CED

History

1998 1992 1998 1999

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  • Statewide CED board legislation

enacted, OCCEDB

  • CED Revolving Fund Legislation

enacted

  • Emergency and Transportation

Revolving (ETR) Fund Legislation

  • County Improvements for Roads

and Bridges, CIRB, fund enacted

Circuit Engineering District, CED

History

2006 2001 2006 2006

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  • OCCEDB hires Engineer/Director
  • OCCEDB hires Administrative

Assistant

Circuit Engineering District, CED

History

2010 2007

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  • Gasoline Tax, 1/3 of 1%
  • Going into State’s General Revenue Fund

from Counties’ apportionment.

  • Interest on County Bridge and Road

Improvement, CBRI, Fund

  • Going into State’s General Revenue Fund

when CBRI fund was still with the State.

  • Interest on Emergency and

Transportation Fund

  • 25 million transfer from ODOT
  • 2014 state transferred 10 million out to

balance budget.

CED Revolving Fund – Monthly Revenue

History

2006 2006 2010

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  • 12.5% of County Bridge and Road

Improvement, CBRI, Fund

  • Majority, 87.5%, of the CBRI fund returned

directly to counties.

  • Plus a one-time, 1% of existing counties’ CBRI

balance apportioned to CEDs by member county’s CBRI balance.

History

2010 CED Revolving Fund – Monthly Revenue

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  • Gasoline Tax
  • Includes 1/3 of 1%
  • Includes 12.5% of gas tax going into CBRI Fund
  • Diesel Tax
  • Includes 12.5% of diesel tax going into CBRI.
  • Gross Production Tax on Oil
  • Includes 12.5% of oil tax going into CBRI.
  • Interest earned on ETR fund balance

CED Revolving Fund

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SLIDE 10

State%Transporta,on%Fund% $139,910,636% County%Highway%Fund% $86,704,723% Turnpike%Trust%Fund% $44,059,529% Tribes%$13,748,088% CBRI%Fund%$6,630,955% Ci,es%&%Towns%$5,412,730% State%Bridge%Fund%$4,691,033% General%Revenue% $1,362,666% CED%Fund%$1,206,678% Public%Transit%$850,000% Tourism%$850,000% Ok%Aeronau,cs%Fund%$86,031%

State%Gasoline%Tax%Appor,onments%FY%2015%%

$ 305,513,068

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State%Transporta,on%Fund% $72,018,408% County%Highway%Fund% $33,588,594% Tribes%$5,248,266% CBRI%Fund%$3,708,764% State%Bridge%Fund%$1,534,280% CED%Fund%$529,823%

State%Diesel%Tax%Appor,onments%FY%2015%%

$ 116,628,136

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SLIDE 12

General'Revenue'$132,524,056' County'Highway'Fund' $55,395,928' Schools'$55,395,928' EducaEon'Technical'Fund' $47,372,290' Ed'Capitol'Fund'$47,372,290' Student'Aid'$47,372,290' CBRI'Fund'$13,088,374' Water'Infrastructure' $2,627,710' Conserv.'Commission' $2,627,710' Tourism'$2,627,710' CED'Fund'$1,869,777'

State'Gross'ProducEon'(Oil)'Tax'ApporEonments' FY'2015''

$ 408,274,063

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General Revenue $80,835,679 County Highway Fund $26,482,266 Schools $26,482,266

State Gross ProducEon (Natural Gas) Tax ApporEonments FY 2015

$ 133,800,210

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$ 764,071,165

School Districts $261,404,061 General Revenue Fund $194,576,269 CIRB Fund $138,133,546 County Highway Fund $97,116,526 CiHes & Towns $22,383,735

  • Dept. Public Safety Fund $10,511,680

OK Law Enforcement ReHre. Fund $10,175,503 County Government $5,993,064

  • Dept. of Public Safety Imaging System

Rev Fund $5,511,929 State Hwy Construct & Maint Fund $4,785,498 Trauma Care Assist. Rev Fund $3,633,435 OK Tax Reimburse. Fund $3,235,811

Motor Vehicle CollecHon Tax FY 2015

Other

  • State Transportation Fund; $2,141,070
  • Tribal Plates; $1,088,225
  • OK Tax Commission Fund; $963,853
  • Motor Veh. Driver Ed. Fund; $900,000
  • Dept. Public Safety Patrol Veh. Fund; $850,000
  • Motorcycle Safety & Ed Fund; $459,759
  • Wildlife Conservation Fund; $207,200
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CED Revolving Fund, FY 2015

$372,091 $390,867 $355,938 $363,598 $410,281 $306,882 $364,923 $315,905 $268,815 $260,304 $205,386 $245,358 $- $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000

Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun CBRI Gasoline ETR

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ETR Interest. 2% Gasoline Tax, 7% Oil, 53% Gas, 24% Diesel, 14% CBRI, 91%

Total Fund CBRI

CED Revolving Fund Revenues

FY 2015

*All counties share in a portion, 4.28%, of Gross Production Tax on Oil.

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ETR Fund - Interest Earned

1.6 1.65 1.7 1.75 1.8 1.85 $0 $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 Jul Aug Sept Oct Nov Dec Jan Feb Mar Apr May Jun Interest Earned Rate of Return

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CED Revolving Fund Revenues

FY 2015

Monthly Averages

Gas - $21,720 ETR

  • $5,916

CBRI - $301,185

Year

Gas - $260,634 ETR

  • $70,994

CBRI - $3,528,719 Total - $3,860,348

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OCCEDB Budget / Expenses

  • Budget FY 2016
  • $366,400
  • Payroll Expenses
  • 73%
  • Funded by ETR interest, carryovers and the

initial gasoline tax (2006).

  • ACCO service agreement - $12,000/yr

¡ ACCO pays OCCEDB $1,000 per month

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OCCEDB Responsibilities

  • Management of CED revolving fund and ETR

fund.

  • Management of ACCO’s Solid Waste

Program from Department of Environmental Quality.

  • Management of ACCO’s federal Surface

Transportation Program (STP) roadway program.

  • Management of Governor’s Repurposing

Cross Town Beams program.

  • Engineering support and research for CEDs/

counties.

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OCCEDB Responsibilities, cont’d

  • Provide training workshops to County

Commissioners

  • Participate in civic groups and other public

meetings concerning transportation issues.

  • Legislative research/information/support for

ACCO’s Legislative Committee.

  • Facilitate CED’s county equipment auctions.
  • Provide county infrastructure information via

Google Earth.

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SLIDE 22

CED 1, 14.1% CED 2, 11.0% CED 3, 12.6% CED 4; 8.8% CED 5, 11.5% CED 6, 11.6% CED 7, 11.7% CED 8, 18.8%

CED Revolving Fund Revenues

CBRI Portion - Disbursements by CR Factor

ETR & Gas (2006) Revenues divided equally after OCCEDB budget.

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CED 1, 14.3% CED 2, 10.4% CED 3, 11.7% CED 4; 10.4% CED 5; 9.1% CED 6; 10.4% CED 7, 14.3% CED 8, 19.5%

ETR Revolving Fund

Disbursements by Number of Counties per CED

CED # Counties

$ Maximum

1 11

$2,200,000

2 8

$1,600,000

3 9

$1,800,000

4 8

$1,600,000

5 7

$1,400,000

6 8

$1,600,000

7 11

$2,200,000

8 15

$3,000,000

TOTAL

$15,400,000

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Emergency & Transportation Revolving (ETR) Program Status

20 40 60 80 100 120 #1 #2 #3 #4 #5 #6 #7 #8 19 16 9 19 8 27 37 116 32 45 20 23 24 54 10 36

Bridges Roads

251 244

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Questions? Need More Information?