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B. BACKGROUND AND JUSTIFICATION: <br />Available Highway Fund Balance at FY end 6/30/08 $ 3,307,209 <br />The balance has accumulated due to carried forward balances and unexpended appropriations <br />that have lapsed. Therefore, we are requesting appropriating and funding the following: <br />Traffic Division <br />Description <br />FY 2008-09 <br />Add'I fundino needed <br />50,000 <br />85,000 <br />5,000 <br />200, 000 <br />Signal Optimization contract <br />Electricity Supplement <br />Fuel Supplement <br />Equipment - (2) SUV, (1) F450 Super Duty 4x2 Crew <br />Cab, (1) 4WD Utility Vehicle to replace CH 2313 ' <br />Traffic Total <br />Highwavs Division <br />Description <br />Fuel Supplement <br />Electricity Supplement <br />Equipment -Truck-Mounted Boom Mower <br />Equipment Repairs <br />Highways Total <br />Mass Transit <br />Description <br />Contracts to improve the bus transportation islandwide <br />Equipment -mass transit bus <br />Total Mass Transit <br />FUNDING REQUEST RECAP: <br />Traffic <br />Highway <br />Mass Transit <br />$340,000 <br />FY 2008-2009 <br />Add'I fundino needed <br />244, 200 <br />24,495 <br />70, 000 <br />64,000 <br />$402,695 <br />FY 2008-2009 <br />Add'I funding needed <br />524,699 <br />300,000 <br />$624,699 <br />340,000 <br />402,695 <br />824, 699 <br />TOTAL $1,567,394 <br />NOTE: The remaining balance in the Highway Fund Balance will be kept in reserve for <br />anticipated revenue decline and future appropriation needs. <br />