Page 204 - Azle City Budget 2019

CITY OF AZLE
CAPITAL PROJECTS FUND

The Capital Projects Fund accounts for the acquisition of and construction of major capital
facilities and equipment. These projects are financed with resources allocated to the Capital
Projects Fund and with proceeds from general obligation bond and certificate of obligation
sales.

The fund is accounted for on the modified accrual basis of accounting. Revenues are
recorded when available and measurable, and expenditures are recorded when the liability is
incurred.

Capital Projects Fund Summary

Proposed CM Rec'd Approved
2018-19 2018-19 2018-19

Funding Resources - Beginning Balance
Gas Well Royalties 1,193,000 1,193,000 1,193,000
2016 Certificates of Obligation 5,450,000 5,450,000 5,450,000
Transfer from General Fund 3,600,000 3,600,000 3,600,000
Total Beginning Resources 10,243,000 10,243,000 10,243,000
Plus: Revenues
Gas Well Royalties 50,000 50,000 50,000
Interest 50,000 50,000 50,000
Total Revenues 100,000 100,000 100,000

Less: Expenditures
City Hall/PD Construction 10,300,000 10,300,000 10,300,000
Total Expenditures 10,300,000 10,300,000 10,300,000
Ending Balance 43,000 43,000 43,000

City of Azle 2018-2019 Budget 192