2009-10 Adopted Budget - City of Hoquiam

H. Paths and Trails Fund- #108Overview:The Paths & Trails Fund provides for the accounting of resources for Paths and Trailsoperations. By RCW 47.20 and 47.30, 0.5% of all gas tax revenues are required to bespent on the provision of facilities for pedestrians, equestrians or bicycles. The fundsdo not have to be spent each year, but can be allowed to accumulate and be spent on alarger project.The Paths and Trails Fund begins the year with a $9,800 beginning balance.Revenues:Almost all resources of the Paths & Trails Fund come in the form of transfers from theStreet Fund and Arterial Street Fund. For the biennium, a total of $2,060 is budgetedfrom these funds from a percentage of the gas tax as noted above.Appropriations:While there is no specific project identified at this time, staff has budgeted $9,000 for aproject during the biennium. This will leave the Paths and Trails fund with a $3,315ending balance at 2010.94