Page 455 - FY 2021-22 Blue Book Volume 2
P. 455
STREET DAMAGE RESTORATION FEE SPECIAL FUND
BASIS FOR THE PROPOSED BUDGET
The 2021-22 Proposed Budget for the Street Damage Restoration Fee Special Fund relates to current
year funding as follows:
Amount % Change
2020-21 Adopted Budget $ 54,111,374
2021-22 Proposed Budget $ 56,091,488
Change from 2020-21 Budget $ 1,980,114 3.7%
The Street Damage Restoration Fee Special Fund was created by Council action to receive revenues
from the Street Damage Restoration Fee. The Fee was established in 1998 to reimburse the City for
damage to City streets caused by excavations or other work performed by any entity, including City
agencies, required to obtain a permit for the performance for this work. The funds are to be used only for
asphalt streets, as work on concrete streets, private streets, and alleys is not subject to the Fee. The
eligible uses for the funds consist of:
Construction
• Street maintenance, resurfacing, repair, and reconstruction.
Support
• Laboratory fees, testing, materials, and engineering.
• Salaries and overhead associated with these items.
2020-21 2021-22
Adopted Proposed
Budget Budget
Balance Available, July 1 $ 36,374 $ 966,488
Street Damage Restoration Fee 51,000,000 52,000,000
Sewer Construction and Maintenance Fund 3,000,000 3,000,000
Interest 75,000 125,000
Total Revenue $ 54,111,374 $ 56,091,488
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