Page 196 - Azle City Budget 2019

SPECIAL PURPOSE FUNDS – IN BRIEF

REVENUES

Revenue in the Street Maintenance Fund is derived from a $0.0025 sales tax approved
specifically for street maintenance projects and is projected at $490,000. This represents an
increase of $5,000 over the FY 2017-18 budget and is based on recent trends in sales tax
collections. Interest earnings of $2,000 are also projected in this budget. The projected
revenue added to the projected beginning balance of $551,184, provides $1,043,184 for various
street reclamation and overlay projects in the coming year.

Revenues in the Court Security Fund are estimated for the year at $9,500 which is the same as
the FY 2017-18 budget. $300 in interest revenue is also budgeted.

Court Technology Fund revenue is projected at $13,000 which is the same as the FY 2017-18
budget. $260 in interest revenue is also budgeted.

The Hotel/Motel Tax Fund derives revenue from a seven percent tax levied upon the cost of
hotel occupancy. Projected revenues are $22,500 including interest earnings for a total fund
resources of $180,080. Revenue projections are based on previous year occupancy rates and
represents an increase of $7,100 over FY 2017-18 budget.

The Cable PEG Fee Capital Projects Fund was established to account for Cable PEG fees.
The Texas Utilities Code provides for funds, over-and-above franchise fees, to support public,
educational, and governmental (PEG) access facilities to assist cities with providing PEG
channel capacity. Projected revenue for FY 2018-19 is $17,070.

EXPENDITURES

Street Maintenance Fund expenditures are projected at $516,500 for various street
reclamations and overlay projects including Lamplighter Court, Sportsman Park, Lakewood
Drive, and Kerry Lane. The ending balance of the fund is projected at $526,684, which is a
decrease of approximately 4.4%.

Court Security Fund expenditures are projected at $5,000 to cover overtime pay for officers who
act as bailiff during court proceedings and are the same as FY 2017-18.

Court Technology Fund expenditures are projected at $15,697, an increase of $8,242, for court-
related computer system fees, new ticket writers, and a new laptop computer for the court.

No expenditures are proposed in the Hotel/Motel Tax Fund for the coming fiscal year.

No expenditures are proposed in the Cable PEG Fee Capital Projects Fund for the coming fiscal
year.

City of Azle 2018-2019 Budget 184