Final Adopted Budget FY23-24

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 2021-22

Budget 2022-23

Adopted 2023-24

Projected

2024-25

Expenditures by Program Local Street System Construction & Maintenance

8,439,000

7,070,000

9,639,000

8,439,000

Total

8,439,000

7,070,000

9,639,000

8,439,000

Actual 2021-22

Budget 2022-23

Adopted 2023-24

Projected

2024-25

Expenditures by Type Maintenance & Operations

8,439,000 8,439,000

7,070,000 7,070,000

9,639,000 9,639,000

8,439,000 8,439,000

Total

Revenues by Type Intergovernmental Revenue

8,359,000

8,359,869 (242,702)

8,359,000

8,359,000

39,000 41,000

Other Revenues

80,000

39,000 41,000

Appropriated Fund Balance

-

1,200,000 9,639,000

Total

8,439,000

8,117,167

8,439,000

Budget Highlights: The FY 23-24 Adopted Budget is decreasing by $1,200,000, or 12.4%.  During FY 22-23 $1.2 million was carried over from the previous year due to the State allocating additional funding.  The FY 23-24 Powell Bill allocation from the State is expected to remain at $8.3 million.

Adopted 2023-24 Budget

117