Laserfiche WebLink
SUMMARY OF SPECIFIC FUNDS INCLUDED IN OVERALL CIP FUND BALANCE <br /> Beginning Balance Amount Summary <br /> Miscellaneous Fund $3,498,974 Funds collected from NPID bond issuances that will <br /> be used for Downtown parking improvements and <br /> other yet to be determined projects. <br /> Water Fund $12,629,252 Water maintenance and improvement funds required <br /> for long term maintenance and improvements of the <br /> water system. <br /> Sewer Fund $2,013,414 Sewer maintenance and improvement funds required <br /> for long term maintenance and improvements of the <br /> sewer system <br /> Streets Fund $1,556,269 Assessment and improvement district fundinL. <br /> Beginning balances for each CIP section are included in the detailed financial tables located in the <br /> Appendix A. <br /> State and Local Gas Tax and Highway Related Revenue <br /> Gas taxes and Highway revenue is used for street repairs and improvements and placed in the Streets <br /> section of the CIP. In addition to the Gas Tax collected annually from the state gas taxes, this CIP <br /> includes funding from Measure B, State vehicle registration fees, and grants. Gas tax revenues are <br /> allocated annually to cities on a statewide allocation formula which is based primarily on a population. <br /> These funds, which can be used for new construction or repair and maintenance of existing street <br /> systems or street lighting, are determined by the amount of gas sold in the state. A summary of Street <br /> related revenue is detailed below. <br /> STATE AND REGIONAL STREETS AND TRAILS FUNDS FOR FY 2013-14 AND FY 2014-15 <br /> 5% <br /> • Gas Tax $4.1 mil • Measure B Streets$1.4 mil <br /> ❑ Measure B Trails and Ped$398K 0 State Vehicle Registration$653K <br />