Page 206 - Azle City Budget 2019
P. 206

CITY OF AZLE
                                  WATER AND SEWER CAPITAL PROJECTS FUND
            The Water and Sewer Capital Projects Fund is used to account for the acquisition of and construction of major
            capital facilities and equipment used for the operation and maintenance of the City's water and sewer system.
            These projects are financed primarily with proceeds from revenue bonds and certificates of obligation.
            The fund is accounted for on the accrual basis of accounting.  Revenues are recorded when measurable and
            earned and expenses are recognized when a good or service is used.

                                    Water and Sewer Capital Projects Fund Summary
                                                                         Proposed      CM Rec'd     Approved
                                                                          2018-19      2018-19       2018-19
            Funding Resources
              Unrestricted Funding (UR)
                 Prior Year Bond and C.O. Funds                                   108,000             108,000             108,000
                 2017 SWIFT Fund Bond Issuance Proceeds                        1,230,000          1,230,000          1,230,000
                 Transfer from Utility Fund                                                   -                         -                         -
                 Interest Earnings                                                       750                    750                    750
              Restricted Funding
                 Impact Fees - Water (IF-W)                                       831,691             831,691             831,691
                 Impact Fees - Sewer (IF-S)                                    1,376,505          1,376,505          1,376,505
            Total Resources                                                    3,546,946          3,546,946          3,546,946
            Less: Fund Expenses

                 FM 730 South Water Line Extension            RF                  550,000             550,000             550,000

                 Main Street Water Line Improvements          UR               1,230,000          1,230,000          1,230,000

                 Ash Street Sewer Line Improvements           RF                  400,000             400,000             400,000
            Total Fund Expenditures
                 Unrestricted Funding                                          1,230,000          1,230,000          1,230,000
                 Impact Fees - Sewer                                              400,000             400,000             400,000
                 Impact Fees - Water                                              550,000            550,000             550,000
                                                              Total            2,180,000          2,180,000          2,180,000
            Ending Balance
                 Unrestricted Funding                                             108,750             108,750             108,750
                 Impact Fees - Sewer                                              976,505             976,505             976,505
                 Impact Fees - Water                                              281,691            281,691             281,691
                                                              Total            1,366,946          1,366,946          1,366,946



























            City of Azle 2018-2019 Budget                                                                     194
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