ACCOUNT # DESCRIPTION  2005 ACTUAL   2006 BUDGET   2006 ACTUAL   2007 BUDGET 
REVENUE
308.42.00 BEGINNING BALANCE        38,426.81                    -                      -                      -  
336.00.88 GAS TAX          8,938.25                    -                      -                      -  
361.11.00 INVESTMENT INTEREST          1,258.23                    -                      -                      -  
TOTAL  REVENUES        10,196.48                    -                      -                      -  
EXPENDITURES
OTHER USES
597.41.00 TRANSFER TO STREET FUND        48,623.29                    -                      -                      -  
TOTAL OTHER USES        48,623.29                    -                      -                      -  
TOTAL ARTERIAL STREET EXPENDITURES        48,623.29                    -                      -                      -  
BEGINNING BALANCE        38,426.81                    -                      -                      -  
REVENUE ESTIMATES        10,196.48                    -                      -                      -  
EXPENDITURES        48,623.29                    -                      -                      -  
ENDING BALANCE               (0.00)                    -                      -                      -  
Text Box: Until recently, State law required that a separate fund be established to account for arterial street fuel tax revenue. These funds were to be used only for the construction and improvements to arterial highways and city streets. The 2005 legislative session changed this requirement. These "restricted" monies may now be for any highway purpose in the 18th amendment of the Washington State Constitution. Beginning in 2006 all fuel tax monies were deposited in the Town's Street Fund, #440. At the end of 2005, all revenue in the Arterial Street Fund was transferred to Fund #440.