FY 24 APPROVED BUDGET IN BRIEF

FY 2023 - 2024 HIGHWAYS FUND

REVENUES TOTAL APPROVED BUDGET $68,370,000

Fund Balance $11,956,345 17%

Highways Users Tax $4,000,000 6%

Property Tax $40,807,750 60%

Miscellaneous $10,049,805 15%

Service Charges $1,556,100 2%

APPROPRIATIONS TOTAL APPROVED BUDGET $68,370,000

Divison of Highways $36,894,914 54%

Administration $2,196,020 3%

Debt Service $2,876,439 4%

Fleet Management $12,467,627 18%

Paygo $13,935,000 21%

FY 23 APPROVED FY 24 APPROVED CHANGE $68,370,000 SIGNIFICANT CHANGES: $62,400,000 $5,970,000

o Highways maintenance and engineering operating budgets adjusted based on actual spending history o An increase in funding for diesel fuel and gasoline in fleet management based on spending & projections o An increase in Paygo funding for capital projects for resurfacing, fleet replacement, bridge inspection, guardrails, traffic calming & road safety improvements, and other various roadway improvement projects

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