Page 206 - Azle City Budget 2019

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