Page 65 - Azle City Budget 2019

New construction building permit fees are expected to increase by $25,000 from the original FY
2017-18 budget. During FY 2017-18, 59 new residential construction permits were issued. This
continued the recent trend of a shortage of buildable residential lots within the City. However,
there are several proposed housing developments in various phases of planning that should
resupply the City’s inventory of buildable lots within the next one to three years. The chart
below is a graphical representation of the number of new residential construction permits issued
since FY 2010-11.

General Fund revenue will be supplemented by $641,337 in transfers from other funds. These
transfers will cover costs associated with the administration of other funds that are accounted
for in the General Fund, such as the Utility Fund and Stormwater Fund. With few exceptions, all
other sources of General Fund revenue are expected to remain fairly level.

Trend analysis played a part in estimating the revenue for the FY 2018-19 budget year in the
General Fund and several underlying assumptions were used to help staff analyze revenue

City of Azle 2018-2019 Budget 53