Street Maintenance Fund
Q3 Financial Reports
Street Maintenance operating revenues of $2.54 million are 85% of a $3.00 million dollar budget, compared to prior year revenues of $2.24 million, at 60%, of a $3.72 million dollar budget. Most of this fund’s revenue is collected from taxes on fuel which there are eight months of actual collections and one month estimate for this nine-month reporting period. Operating revenues increase over the prior year by $306,032 or 13.7% due to timing of the reimbursement received from the State for streetlights on State roads. Operating expenditures of $2.84 million are 66% of the $4.30 million dollar budget compared to prior year expenditures of $2.69 million at 57% of the $4.71 million dollar budget. Operating expenditures increase $157,238 or 5.9%.
This fund receives a subsidy from the General Fund in the total amount of $713,300.
A total of $975,778 of reserves are planned to be used for operating expenditures and funding towards capital improvement projects. As of June 30, 2021, expenditures exceed revenues by ($29,413).