Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Transportation Funding topic
No spam. Unsubscribe anytime.
Board closes out MFT projects, returning unspent funds to the account
Summary
The board approved housekeeping resolutions to close out Motor Fuel Tax (MFT) funds for completed pavement and sidewalk projects. The village reported returning $26,497.40 for 2022 projects and $5,631.96 for 2023 projects to the MFT account.
The board approved two housekeeping resolutions to close out Motor Fuel Tax (MFT) accounts for completed pavement and sidewalk projects. Staff reported the 2022 allocation was $140,000 and the completed projects cost $113,520.60; the village will return $26,497.40 to its MFT account and notify IDOT. For 2023, staff said $300,000 was allocated and projects completed at $294,368.04, returning $5,631.96 to MFT funds.
Staff described both items as routine closeouts and recommended approval; the board approved both resolutions by roll call.
