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<br />Cily of Oiono
<br />Mr. John Gei liardson
<br />Page 3
<br />April 21, 1993
<br />Year Tofal Allotment Maintenance Construction
<br />1993
<br />1992
<br />1991
<br />1990
<br />1989
<br />1988
<br />1987
<br />1986
<br />1985
<br />1985
<br />196M983
<br />Total Received to Date
<br />$ 300,728 $ 75,182 $ 225„546
<br />271,589 67,897 203,692
<br />266,648 66,662 199,986
<br />246,647 16,260 230,387
<br />2.53,182 63,296 189,886
<br />191,.527 47,882 143,645
<br />177,831 44,458 133,373
<br />186,811 14,040 172,771
<br />184,425 46,106 138,319
<br />149,289 37,322 111,967
<br />669.336 143.784 52.5..552
<br />$4,0U4,149 $806,489 $3,197,660
<br />Tlie preceding tabulation indicates that the City of Orono has received a total allotment of
<br />$4,004,149 since 1961. The amount of $806,489 has been paid out to the City for
<br />maintenance purposes with the remaining balance of $3,197,660 being made available for
<br />coitstruction of roadways.
<br />D. Con.stniction Fund Account
<br />The City of Orono has expended Municipal State Aid Funds on 22 projects to date totaling
<br />$1,743,661.72. The City has had one State Aid bond issue for $270,000 which was paid back
<br />on an annual basis from the construction account. The last payment on the bond was made
<br />in 1988.
<br />As ol this date, the Municipal State Aid construction fund account biilance is as follows;
<br />Construction Account Balance December 31, 1992
<br />1993 Construction Allotment
<br />Total Construction Account
<br />Less Encumbrance for McCulley Road Project
<br />Funds Available fur Cuiistructioii
<br />$ 928,741.28
<br />225..546.00
<br />$1,154,287.28
<br />1.528.49
<br />$1,152,758.79
<br />The State Aid Office has adopted a policy of encouraging the Municipalities to use their
<br />State Aid funds to construct projects. The procedure used is to deduct the construction
<br />fund balance as of September I of the preceding year from the projected 25 year
<br />construction needs. This results in a reduction in the annual allotment of about ten (10)
<br />percent, amounting to $29,665 for the 1993 allotment.
<br />i.v)0i\n>!
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