FINAL ADOPTED BUDGET FY2022-23

STATE HIGHWAY ALLOCATION FUND Local Street System Construction & Maintenance: This source provides funding for a variety of local street maintenance activities including asphalt patching and concrete repairs, maintenance of roadway shoulders and ditches, and maintenance of traffic control devices including traffic signal and sign repair. Other applicable expenditures include acquiring rights-of-way and making improvements to public streets not included in the state system of roads, with certain expectations defined by state law. Also provides funding for bridge construction and maintenance on non-state system roadways, enabling the City to adhere to applicable safety standards and requirements.

Actual

Budget 2021-22

Adopted 2022-23

Projected

2020-21

2023-24

Expenditures by Program Local Street System Construction & Maintenance

9,639,000

7,114,744

7,070,000

8,439,000

Total

9,639,000

7,114,744

7,070,000

8,439,000

Actual 2020-21

Budget 2021-22

Adopted 2022-23

Projected 2023-24

Expenditures by Type Maintenance & Operations

9,639,000 9,639,000

7,114,744 7,114,744

7,070,000 7,070,000

8,439,000 8,439,000

Total

Revenues by Type Intergovernmental Revenue Other Revenues Appropriated Fund Balance

8,359,000 80,000 1,200,000 9,639,000

7,001,553 944 - 7,002,497

6,990,000 80,000 - 7,070,000

8,359,000 80,000 - 8,439,000

Total

Budget Highlights: The FY 22-23 Adopted Budget is increasing by $2,569,000, or 36.3%.  The FY 22-23 budget includes an increase in Powell Bill funding received from the state, from $7.29 million to $8.35 million. Funds are used primarily for street resurfacing and maintenance.

Adopted 2022-23 Budget

112

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