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RTC reviews quarterly Regional Street & Highway Fund; staff says diesel tax from prior year available for distribution
Summary
Finance staff told the commission the regional streets-and-highways fund held about $10.8 million at June 30, and that prior-year diesel fuel tax revenues are available to entities in the current fiscal year. The commission approved the quarterly financial report after questions about downward trends in fuel-tax receipts.
Finance staff (identified in discussion as Susan) presented the Regional Street & Highway Fund quarterly report. "But at June 30, we had $10,800,000 into the regional streets and highways fund," the presenter said, and summarized total revenues of $4,900,000 against expenditures of $2,300,000 for the period.
Commissioners asked about trends in motor-vehicle and diesel fuel taxes; staff said both had been "trending a little bit lower" than prior years and that prior-year diesel tax receipts would be available to entities for request and distribution in the current fiscal year. Commissioner Delmo asked whether entities had been advised that they can request their apportionment; staff indicated monthly reports are shared with city managers and said she would notify them specifically that prior-year diesel fuel tax revenues are available for distribution.
After the presentation and Q&A, Commissioner Delmo moved to approve the financial report "as submitted." The commission seconded the motion and approved the report by voice vote. Commissioners recorded concern about downward trends in fuel-tax receipts and emphasized following up to ensure entities request available diesel funds.
