2009-10 Adopted Budget - City of Hoquiam

F. Street Fund - #106Overview:The adjacent page summarizes all 2009-2010 Street fund projected revenues andappropriations.Revenues:2009-2010 revenues and transfers come from three primary sources: gas taxes, atransfer from the General Fund and a transfer from the Arterial Street Fund.Gas tax revenues are projected to decrease slightly for the biennium. Gas taxes arecollected on a cents per gallon basis and not as a percentage of the sales price. Forthis reason, an increase or decrease in gasoline prices does not result in acorresponding increase in gas tax revenue.Transfer revenue from the General Fund increases $90,680 or 32.8% over the previousbiennium.Appropriations and Transfers out:The recommended budget includes $808,055 in funding for street operations, anincrease of 36.5% from the 2007-2008 biennium, representing the City’s emphasis onstreet improvements.90