OHIO TURNPIKE COMMISSION
Resolution Adopting Amended Annual Operating Budget for the Year 2009
and Providing for Deposits Required under the
1994 Trust Agreement During Said Year
WHEREAS, the Commission by Resolution No. 57-2008 (copy attached) on
December 15, 2008, adopted its annual operating budget for the year 2009 and on
December 15, 2008 the budget was submitted to the Governor, the presiding officers of
each Chamber of the General Assembly, the Director of Budget and Management, and
the Legislative Budget Office of the Legislative Service Commission in accordance with
the provisions of Section 5537.17(F) of the Revised Code of Ohio; and
WHEREAS, Section 5.01(c) of the Master Trust Agreement (Trust Agreement)
dated February 15, 1994, between the Commission and the Huntington National Bank
(Trustee) provides that the Commission may at any time adopt an amended annual
operating budget; and
WHEREAS, the Trust Agreement provides that the Commission shall file a copy
of any amended annual budget with the Trustee; and
WHEREAS, the Commission’s executive director, CFO/Comptroller and other
members of the Commission’s staff have completed a detailed review of the annual
operating budget and have made certain adjustments thereto and the amended budget,
including such adjustments, is now before the Commission;
NOW, THEREFORE, BE IT
RESOLVED that the Commission hereby adopts the following as its amended
annual operating budget for the year 2009 and the executive director or the
CFO/Comptroller are directed to transmit a copy of the amended budget to the Governor,
the presiding officers of each Chamber of the General Assembly, the Director of Budget
and Management, and the Legislative Budget Office of the Legislative Service
Commission in accordance with the provisions of Section 5537.17(F) of the Revised
Code of Ohio and to The Huntington National Bank, Trustee, under the Commission’s
Trust Agreement as is provided in Section 5.01(c):
OHIO TURNPIKE COMMISSION
AMENDED 2009 ANNUAL OPERATING BUDGET
PLEDGED
NON-PLEDGED
TOTAL
REVENUES:
TOLL
$
186,578,500
$
-
$
186,578,500
CONCESSION
13,205,600
431,100
13,636,700
INVESTMENT
818,100
549,500
1,367,600
FUEL TAX
-
2,000,000
2,000,000
OTHER
1,423,800
250,000
1,673,800
TOTAL REVENUES
$
202,026,000
$
3,230,600
$
205,256,600
EXPENDITURES:
OPERATION, MAINTENANCE & ADMINISTRATION:
ADMINISTRATION & INSURANCE
$
9,660,900
$
-
$
9,660,900
MAINTENANCE OF ROADWAY & STRUCTURES
38,374,800
250,000
38,624,800
SERVICES & TOLL OPERATIONS
55,845,300
-
55,845,300
TRAFFIC CONTROL, SAFETY, PATROL & COMM.
16,037,200
-
16,037,200
TOTAL OPERATION, MAINTENANCE & ADMIN.
119,918,200
250,000
120,168,200
DEBT SERVICE PAYMENTS
48,845,200
-
48,845,200
TOTAL EXPENDITURES
168,763,400
250,000
169,013,400
TRANSFERS TO:
EXPENSE RESERVE
284,000
-
284,000
NON-TRUST FUND
-
464,500
464,500
FUEL TAX FUND
-
2,040,000
2,040,000
SERVICE PLAZAS CAPITAL IMPROVEMENT FUND
-
476,100
476,100
RENEWAL & REPLACEMENT FUND
3,500,000
-
3,500,000
SYSTEM PROJECTS FUND
29,478,600
-
29,478,600
TOTAL TRANSFERS
33,262,600
2,980,600
36,243,200
TOTAL EXPENDITURES & TRANSFERS
$
202,026,000
$
3,230,600
$
205,256,600
(Resolution No. 24-2009 adopted July 20, 2009)
