Streets Fund
Fund Description
The Streets Fund was created in 2016 to track specific expenditures mandated by the Salida Municipal Code related to dedicated sales tax dollars necessary for street improvements. No less than thirty-two percent (32%) of proceeds received from the City's three percent (3%) sales tax are to be deposited into the Streets Fund and must be used solely for the construction, operation, maintenance and repair of the City streets and related infrastructure.
FY 2022 Changes
- Street upgrades at 10th and 12th Streets and a block of 3rd Street between E and F Street is planned.
- Safe Routes to School (SRTS) and other sidewalks on US50 to Walmart, Holman, Stryker to include a US50 pedestrian crossing. Grant funding will help offset the cost of this project
Streets Fund - Revenues vs. Expenses
Revenues
Expenses
Fund Balance
Fund Balance
The 2022 budget plans to utilize accumulated reserves from previous years to fund the larger than usual one-time projects. This usage may cause the end-of-year fund balance to be lower than the minimum level the fund balance policy calls for. However, the fund balance policy also allows City Council discretion under special circumstances to fall beneath minimum levels.
Streets are the most highly used amenity of the City and the funding model strives to keep them in top shape. A quick replenishment to policy level minimums is anticipated.