September 30, 2024
Memo To: PPRTA Board of Directors
From: Becky Frank Town Manager
Re: PPRTA 2025 Budget
The PPRTA 2024 Town of Green Mountain Falls maintenance portion of the budget allocation is $50,946 with and additional carryover of $4,441 from 2023 totaling $55,387. We will be carrying forward budgeted 2024 revenue of $0. Therefore, our total maintenance budget is $51,912. The maintenance budget will be spent on road enhancements, chemicals and materials.
The Town will be repaying the remainder of the PPRTA 2 loan amount of $43,155 once reimbursement is received from CSU and will be carrying over an estimated $11,933 which will be expended in 2025 to support remaining work on the Stilling Basin.
The Town will receive a 2025 PPRTA Capital revenue allocation of $73,840 which is anticipated to be used to support the Ute Passe Avenue Bridge Safety Improvements under PPRTA 3. The Town anticipates submitting grant applications for this project which will be matched utilizing the Towns’ s PPRTA Capital Allocations from 2025. The proposed capital budget is as follows:
- 2024 Unspent Budget-Carryover (PPRTA 2): $11,933
- 2025 Original budget Allocation (PPRTA 3): $73,840
- 2025 Maintenance Allocation: $55,387
Thank you for your consideration.
CC: Town of Green Mountain Falls Board of Trustees