FY2021 Budget

Town Manager Requests

Council Approved

Transfers and Capital Reserves

Roadway & Transportation Reserve: Allocation and transfer to Capital Reserve Fund equivalent to one cent ($0.01) of the tax rate for future roadway and transportation projects identified by Town Council. Connect Morrisville > Improved transportation mobility Multiple Objectives. Intersection Improvement Projects: Miscellaneous roadway construction work to support addressing safety concerns, traffic study or operational deficiencies that are discovered during the fiscal year. Expense will be offset by use of Streets Payment-in- Lieu or Transportation Capital Reserves. Connect Morrisville > Improve transportation mobility Multiple Objectives . Intersection Improvement Study: Specific intersections have been identified by the Police and Planning Departments in need of potential signal timing, operational, geometric or signage improvements. This request would support contracting with an external traffic engineering consulting firm to outline and propose improvements for future implementation. Expense will be offset by use of Streets Payment-in-Lieu or Transportation Capital Reserves. Connect Morrisville > Improved transportation mobility Multiple Objectives. Municipal Service District: Town allocation of funds to support the completion of Municipal Service District Projects. The final project, The Gables, is projected for construction in FY2024. Connect Morrisville > Thriving, livable neighborhoods Objective 2.5: Plan and provide for current and future infrastructure.

-

900,000

125,000

125,000

100,000

100,000

110,000

110,000

TOTAL

$335,000

$1,235,000

Budget Priorities Total

$5,631,150

$5,382,000

BREAKDOWN

Budgetary Priorities Total

$5,631,150

$5,382,000

Use of Grants

$268,700

268,700

Use of Offsetting New Revenue

$56,000

$56,000

Use of Existing Capital Project Available Funds*

$18,000

$18,000

Use of Recognized DOJ Proceeds*

$28,800

$28,800

Use of Streets PIL or Roadway/Transportation Reserve

$476,000

$225,000

Use of Fund Balance (General Fund & Stormwater)

$1,037,350

$1,339,200

Net Total

$3,746,300

$3,446,300

*Items are anticipated to be absorbed by existing resources or anticipated restricted sources.

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