2009 Annual Operating and Capital Budget - Village of Huntley
2009 Annual Operating and Capital Budget - Village of Huntley
2009 Annual Operating and Capital Budget - Village of Huntley
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VILLAGE OF HUNTLEY<br />
MOTOR FUEL TAX FUND<br />
The Motor Fuel Tax Fund (MFT) is one <strong>of</strong> the three major capital funds (along with the<br />
<strong>Capital</strong> Projects Fund <strong>and</strong> Street Improvement Fund) the <strong>Village</strong> uses for improvement<br />
<strong>and</strong> maintenance <strong>of</strong> <strong>Village</strong> streets.<br />
The financial resources in this fund are received from the State <strong>of</strong> Illinois MFT<br />
disbursements on a per capita basis <strong>and</strong> are derived from the tax for operating motor<br />
vehicles upon public highways <strong>and</strong> operating recreational watercraft upon the waters in<br />
the State. The <strong>Village</strong> <strong>of</strong> <strong>Huntley</strong> currently receives approximately $475,000 per year<br />
from the State, <strong>and</strong> it is anticipated that the <strong>Village</strong> will collect an additional $130,000<br />
annually upon the completion <strong>of</strong> the on-going Special Census; however, only six months<br />
<strong>of</strong> the anticipated increase is budgeted for <strong>2009</strong>.<br />
All revenues received in this fund are allocated towards the <strong>Village</strong>’s <strong>Annual</strong> Street<br />
Improvement Program.<br />
<strong>Annual</strong> Street Improvement Program <strong>2009</strong><br />
• Douglas Street from Church Street to Timer Drive <strong>and</strong> if budget/bid allows –<br />
Phillip, Kathleen, Mathew, Michael, Charles, Carl, Brittany <strong>and</strong> Elizabeth.<br />
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