FY 24 APPROVED OPERATING BUDGET

HIGHWAYS FUND

FINANCIAL NOTES:

FY 23

FY 24

CHANGE EXPLANATION OF INCREASE/DECREASE - EXPENDITURES

21,991,333 20,846,400 (1,144,933) PERSONAL SERVICES

Decrease is the result of a elimination of one time funds provided in FY 23 for a 27th pay; offset slightly for increases in pension; and additional funds for temporary salaries based on actual expense history.

7,331,058 8,882,239 1,551,181 CONTRACTUAL SERVICES

Increase is the result of a increased costs for tree trimming and removal; additional funds provided for pipe repair and facility repairs based on actual on actual expense history. Additional funds required for Retiree Health Benefits and general, auto, and liability insurance.

8,259,994 10,085,257 1,825,263 SUPPLIES AND MATERIALS

Additional funds are provided for bituminous concrete, and snow removal materials such as sand and salt based on actual expense history. Additional funds are also provided for diesel and gasoline based on the anticipated rising cost of fuel.

7,712,452 7,878,652 166,200 BUSINESS AND TRAVEL

Costs to maintain an aging fleet of county vehicles and equipment results in higher maintenance contract costs for Fleet Management as well as fuel costs

2,650,894 2,874,439 223,545 DEBT SERVICE

Principal and Interest costs for Highways debt.

14,438,569 17,791,563 3,352,994 MISCELLANEOUS

Increase is based on the Paygo funds required in accordance with the FY 24 Approved Capital Budget and additional funds for the pro-rata share costs.

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