Page 190 - Azle City Budget 2019

STORMWATER FUND – IN BRIEF

REVENUES

Stormwater revenue is projected at $290,800 including $800 in interest earnings. The first
increase in the stormwater rates since its 2001 inception was adopted in this budget. The
minimum base rate increased from $3.00/month to $3.50/month. The rate increase is based on
a rate study performed by the City’s consultant engineer. Total available funds, including the
projected beginning fund balance of $174,361, are $465,161.

EXPENSES

Expenses are projected at $172,638, including funds for drainage projects partially funded by
the Community Development Block Grant program. In addition, $61,000 has been allocated to
the purchase of a compact excavator. A transfer of $78,162 to the General Fund is also
budgeted to cover personnel costs.

The fund balance in the Stormwater Fund is projected to increase from a projected beginning
balance of $174,361 to a projected ending balance of $208,742, an increase of approximately
16.5 percent.

City of Azle 2018-2019 Budget 178