2009-10 Adopted Budget - City of Hoquiam

G. Arterial Street Fund- #107Overview:The Arterial Street Fund provides for the accounting of resources from arterial streetoperations much in the same way as the Street Fund. Separate balances for the StreetFund and Arterial Street Fund used to be required. However, recent legislationeliminated this obligation. Therefore, the combined resources of the two funds shouldbe considered when evaluating the long term street needs.For 2009, this fund begins the year with a $110,000 cash balance. Biennial revenues of$141,190 and appropriations of $230,340 leave this fund with a $20,850 cash balance.Revenues:Almost all resources of the Arterial Street Fund come in the form of gas taxes. Asnoted above, the Street Fund also receives gas taxes, but in a much larger amount.Total revenues for the biennium are $70,595 in 2009 and 2010.Appropriations:The Arterial Street Fund appropriation budget increases in this biennium reflecting theCity’s priorities in street repair and maintenance. The Arterial Street Fund also providesthe resources of a Public Works Trust Fund that financed the Aberdeen Avenue pavingproject in 1994.In 2009, Arterial Street operations are $35,005 in 2009 and $34,675 in 2010.Additionally, a transfer to the Street Fund is budgeted for $80,000 in each yearproviding for additional sidewalk improvements.Lastly, there is a transfer of $330 in each year to the Paths & Trails Fund.92