Budget

MAJOR STREET FUND
REVENUE
The Village maintains its 7.3 miles of Major Streets with revenue received from the State of Michigan, under Act 51 of Public Acts of 1951. The State uses a formula based on population, miles of roads, and a State-assigned factor to determine the amount of Act 51 payments. The proposed budget includes a transfer from General Fund of $45,475 which is equivalent to approximately .19 mills before the TIF capture, .22 mills after the TIF capture, or $7.59 per capita.
Revenue Summary
State Shared Funding	$233,000
Transfer in From General Fund	$45,475
Appropriation from Capital Reserve	$20,000
Total	$298,475
EXPENSE
General Administration covers a portion of administrative salaries (Manager, Clerk, Treasurer, DPS Superintendent) and fringe benefits, as well as general expenses such as the audit fee. Storm sewer maintenance is provided for underground lines, manholes, and catch basins, with ditching performed in areas where storm sewers are not available. The Village is finishing a multi-year project of marking all manholes, as required by the State as part of our stormwater management program.
Traffic signals are installed and serviced by the Road Commission for Oakland County, while signage, street line marking, and guardrail maintenance is the responsibility of the Department of Public Services. Costs in the snow and ice activity include approximately 1,000 hours of labor and equipment for clearing major roads. The Village purchases road salt each year through a contract with the State of Michigan Department of Transportation. Sand and snow fence costs are also purchased from this activity.
Street maintenance involves sweeping, patching, pavement replacement, shoulder grading, litter clean up, grass mowing, and weed cutting. Contract services covers the cost of cross-connection inspections.
Funds are budgeted under Capital Outlay for crack sealing and for updating traffic signals.
Expense Summary
General Administration	$31,125
Storm Sewers	$18,350
Traffic Control	$48,200
Snow and Ice	$82,000
Maintenance	$88,800
Capital Outlay	$30,000
Total	$298,475
FUND BALANCE
Fund Balance 6-30-09	$27,568
Projected activity 2009-10	$0
Projected Fund Balance 6-30-10	$27,568
Projected activity 2010-11	$0
Projected Fund Balance 6-30-11	$27,568