Page 204 - Azle City Budget 2019
P. 204

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
   199   200   201   202   203   204   205   206   207   208   209