Page 197 - Azle City Budget 2019

CITY OF AZLE
STREET MAINTENANCE FUND
FY 2018-19

The Street Maintenance Fund was established to account for a ¼ cent sales tax increase approved by voters in
February, 2003. The purpose of the sales tax is to fund the maintenance and repairs of streets that were in
existence at the time the tax was adopted.
The fund is accounted for on a modified accrual basis of accounting. Revenues are recorded when available and
measurable. Expenditures are recorded when the liability is incurred.

Street Maintenance Fund Summary

Actual Actual Actual Budget Estimated Proposed CM Rec'd Approved
2014-15 2015-16 2016-17 2017-18 2017-18 2018-19 2018-19 2018-19

Beginning Balance 479,299 527,502 219,815 455,772 455,772 551,184 551,184 551,184

Plus: Fund Revenue
Transfer from Capital Projects 13,748
Sales Tax 453,745 492,435 488,919 485,000 485,000 490,000 490,000 490,000
Interest 325 1,298 1,278 1,000 2,000 2,000 2,000 2,000
Total Resources Available 933,369 1,021,235 710,012 941,772 956,520 1,043,184 1,043,184 1,043,184
Less: Fund Expenditures
Street Reclamation Projects 374,655 715,892 204,232 325,336 325,336
Lamplighter Court 55,000 55,000 55,000
Sportsman Park 95,000 95,000 95,000
Lakewood Drive 91,500 91,500 91,500
Kerry Lane 195,000 195,000 195,000

Misc. Street Overlay 11,776 43,886 17,706 45,000 45,000 45,000 45,000 45,000
Miscellaneous Maintenance 19,435 41,642 32,302 35,000 35,000 35,000 35,000 35,000
Total Fund Expenditures 405,866 801,421 254,239 405,336 405,336 516,500 516,500 516,500

Ending Fund Balance 527,502 219,815 455,772 536,436 551,184 526,684 526,684 526,684

City of Azle 2018-2019 Budget 185