| Description:
|
Financial review that details revenue and expenditures for the transportation components under the Metropolitan Council budget, including: (1) the actual revenues, expenditures, transfers, reserves, and balances in each of the previous four years; (2) budgeted and forecasted revenues, expenditures, transfers, reserves, and balances in the current year and each year within the state forecast period; (3) for the most recent completed year, a comparison between the budgeted and actual amounts of revenues, expenditures, transfers, reserves, and balances; and (4) for the most recent completed year, fund balances for each replacement service provider
|
| Committee/Agency Jurisdiction:
|
Minn. Management & Budget
Transportation Finance
Transportation Policy
|
| Note:
|
This report mandate is effective the day following final enactment and applies in the counties of Anoka, Carver, Dakota, Hennepin, Ramsey, Scott and Washington.
This financial review must provide the information using state fiscal years.
The replacement service providers in clause (4) of the Description above are those established under Minn. Stat. 473.388.
This financial review update must provide information or a methodology that is sufficient to establish a conversion between state fiscal years and budget years, summarize reserve policies, identify the methodology for cost allocation, and describe revenue assumptions and variables affecting the assumptions.
|