Page 503 - 2022-23 Blue Book Vol 2
P. 503
STREET DAMAGE RESTORATION FEE SPECIAL FUND
BASIS FOR THE PROPOSED BUDGET
The 2022-23 Proposed Budget for the Street Damage Restoration Fee Special Fund relates to current
year funding as follows:
Amount % Change
2021-22 Adopted Budget $ 56,091,488
2022-23 Proposed Budget $ 81,275,238
Change from 2021-22 Budget $ 25,183,750 44.9%
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.
2022-23 revenue estimates reflect the implementation of a new natural gas pipeline franchise.
2021-22 2022-23
Adopted Proposed
Budget Budget
Balance Available, July 1 $ 966,488 $ 13,125,238
Sewer Construction and Maintenance Fund 3,000,000 3,000,000
Street Damage Restoration Fee 52,000, 000 65,000,000
Interest 125,000 150,000
Total Revenue $ 56,091,488 $ 81,275,238
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