Details for CITY OF WENDELL - Ad from 2020-01-08

Annual Road & Street Financial Report
City of Wendell
For Fiscal Year Ending September 30, 2019
Beginning Balance October 1, 2018
$667,168
Local Funding Sources:
Property Tax Levy
100,067
Interest Income
1,455
Local Impact Fees
42,886
Total Local Funding
144,826
State Funding Sources:
Highway User Revenue
131,201
Sales Tax
14,756
Sales Tax/Revenue Sharing
16,625
Total State Funding
162,582
Total Receipts
$307,408
Disbursements:
New Construction:
Roads
5,544
Other (signs, signals or traffic control)
108
Total New Construction
5,652
Reconstruction/Rehabilitation:
Storm Drainage
2,273
Road Signs
608
Total Reconstruction/Rehabilitation
2,881
Routine Maintenance:
Chip Sealing or Seal Coating
53,517
Patching
15,850
Other (signs, signals or traffic control)
320
Total Routine Maintenance
69,687
Equipment:
New Equipment Purchase
15,788
Equipment Maintenance
13,345
Salary & Benefits
Total Equipment
29,133
Administration:
Salaries & Expenses
25,457
Other:
Street Lighting
21,147
Professional Services-Audit
301
Professional Services-Engineering
17,472
Other Local Expeditures
Total Other
38,920
Total Disbursements
171,730
Receipts over Disbursements
135,678
Audit Adjustments
Closing Balance
$802,846
Less:
Funds Obligated for Specific Future Projects $277,000
Funds Retained for General Operations
158,000
435,000
Ending Balance
$367,846
PUBLISH: January 8, 2020

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