FY00 Interest Allocated to Projects (11/8/99)+
$103,897.00
FY01 revenues (FY-00 collections)
+$440,640.00
Total Revenues
$2,774,926.79
Expenses: Administration (2.0% of new revenues)
$ 53,423.79
Sub-total Revenues less Expenses
$2,721,503.00
Fund Balance: Previously approved projects
$1,785,024.00
Remaining Fund Balance
$ 936,479.00
Housing Assistance
$ 737,755.00
Utility Improvements (electric, water, sewer, roads)
$ 458,004.00
Public Safety (police, fire)
$ 263,496.00
Recreation/cultural
$ 46,175.00
Building Improvements (administration, medical)
$ 49,701.00
Planning
$ 163,987.00
Equipment
$ 65,906.00
Total
$1,785,024.00
Mission
The Navajo Revitalization Fund maximizes the long-term benefits of state severance taxes paid on oil and natural gas production. Revenues from these taxes provide grants and/or loans to agencies of county or tribal governments in San Juan County which are impacted by the development of oil and gas interests in Utah held in trust for the Navajo Nation and its members.
41
