OHIO TURNPIKE COMMISSION
Resolution Adopting Proposed Annual Operating Budget for the Year 2011
and Providing for Deposits Required
Under the 1994 Trust Agreement
During said Year
WHEREAS, Section 5537.17(F), Revised Code of Ohio, requires the Commission to
submit a copy of its Proposed Annual Operating Budget to the Governor, the Presiding Officers
of each House of the General Assembly, the Director of Budget & Management, and the
Legislative Service Commission, no later than the first day of the calendar or fiscal year; and
WHEREAS, the Master Trust Agreement dated February 15, 1994 between the
Commission and The Huntington National Bank (Trust Agreement) provides that the
Commission shall adopt an annual operating budget on or before the first day of each fiscal year
and shall file same with the Trustee; and
WHEREAS, the Commission in order to comply with the provisions of Section
5537.17(F) of the Revised Code of Ohio, and the provisions of the Trust Agreement, takes the
following action.
NOW, THEREFORE, BE IT
RESOLVED that the Commission hereby adopts the following as its Annual Operating
Budget for the Year 2011 and the Executive Director, his successor or the CFO/Comptroller are
directed to transmit a copy of the budget to the appropriate officials set forth in Section
5537.17(F) and to The Huntington National Bank, Trustee, under the Commission’s Trust
Agreement as is provided in Section 5.01(a)(iii):
OHIO TURNPIKE COMMISSION
2011 ANNUAL OPERATING BUDGET
PLEDGED
NON-PLEDGED
TOTAL
REVENUES:
TOLL
$
232,582,500
$
-
$
232,582,500
CONCESSION
13,559,000
486 ,200
14,045,200
INVESTMENT
683,300
424 ,500
1,107,800
FUEL TAX
-
2,100 ,000
2,100,000
OTHER
2,001,500
-
2,001,500
TOTAL REVENUES
$
248,826,300
$
3,010 ,700
$
251,837,000
EXPE NDITURE S:
OPERATION, MAINTENANCE & ADMINISTRATION:
ADMINISTRATION & INSURANCE
$
10,446,600
$
-
$
10,446,600
MAINTENANCE OF ROADWAY & STRUCTURES
40,624,300
-
40,624,300
SERVICES & TOLL OPERATIONS
53,386,600
-
53,386,600
TRAFFIC CONTROL, SAFETY, PATROL & COMM.
15,845,000
-
15,845,000
TOTAL OPERATION, MAINTENANCE & ADMIN.
120,302,500
-
120,302,500
DEBT S ERVICE PAYMENTS
53,340,700
-
53,340,700
TOTAL EXPE NDITURE S
173,643,200
-
173,643,200
TRANSFERS TO / (FROM):
EXPENSE RESERVE
(700)
-
(700)
NON-TRUST FUND
-
410 ,000
410,000
FUEL TAX FUND
-
2,102 ,500
2,102,500
SERVICE PLAZAS CAPITAL IMPROVEMENT FUND
(250,000)
498 ,200
248,200
RENEWAL & REPLACEMENT FUND
9,100,000
-
9,100,000
SYSTEM PROJECTS FUND
66,333,800
-
66,333,800
TO TAL TRANSFE RS
75,183,100
3,010 ,700
78,193,800
TOTAL EXPENDITURES & TRANSFERS
$
248,826,300
$
3,010 ,700
$
251,837,000
(Resolution No. 49-2010 adopted December 20, 2010)
