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The final aid to each city is the lesser of: <br />• The preliminary aid or <br />• The maximum aid, which equals 3.5 multiplied by the unweighted average amount of <br />assistance to a city in a year. <br />Use of Funds <br />The funding is for the construction and maintenance of roads located within the city and can include <br />land acquisition, environmental analysis, design, engineering, construction, reconstruction and <br />maintenance. <br />Timeline for Use of Funds <br />There is no specified timeline by when the cities need to use these funds. However, it is recommended <br />that they be used within two years of receiving the initial payment. <br />Accounting of Funds <br />The cities are not required to submit a report on how the funds were expended. Each city is required <br />to follow appropriate accounting practices to clearly show that the funds they received have been used <br />on the eligible items listed above and in the statute. One recommendation is to establish a separate <br />account for these funds and then reduce that account as eligible expenditures are incurred. <br />Funding Summary <br />For More Information <br />Contact Ted Schoenecker, MnDOT Deputy State Aid Engineer, at ted.schoenecker@state.mn.us or 651- <br />366-3804. <br />Revised: 06/2017 <br />27 <br />NAjoint <br />X►pprapr7iated `` `" <br />$12.5 M <br />$8.01VI <br />$8.01VI <br />Nifin6 - of Eligibl ',Cities :- <br />704 <br />705 <br />TBD <br />For More Information <br />Contact Ted Schoenecker, MnDOT Deputy State Aid Engineer, at ted.schoenecker@state.mn.us or 651- <br />366-3804. <br />Revised: 06/2017 <br />27 <br />