Page 250 - Fort Worth City Budget 2019

Gas Endowment Funds

General Endowment Funds
This fund includes all other revenue from bonuses, royalties and fees from gas leases, pipelines or related
activities located on all other city property, including unrestricted park land, will be allocated as follows:
• Fifty percent of the revenue will be allocated to the Capital Projects Reserve Fund.
• Fifty percent of the revenue will be allocated to the General Endowment Gas Lease Fund.

PARD Council Restricted Gas Funds
Bonus revenues from gas leases associated with park land are recorded in the Park Gas Lease Project Fund and
are designated for use for capital improvements at the park where the gas leases are located. Royalties and other
fees received from gas leases or license agreements associated with park land that has federal and/or state
restrictions require proceeds to be spent within the park system, except for the Nature Center, shall be allocated
as follows:
• Fifty percent to the Park Gas Lease Project Fund.
• Fifty Percent to the Park System Endowment Gas Lease Fund.

Water & Sewer Endowment Fund
Funds from Water and Sewer property and park land located in and around Lake Worth (except the Nature Center
and Refuge) shall be designated for qualified expenditures in the development and execution of the 2007 Lake
Worth Capital Improvement Implementation Plan, until such time as the plan projects are completed.

All other revenue derived from Water and Sewer assets will be allocated as follows unless a surplus is declared for
the purpose of funding other city projects:
• Fifty percent to Water and Sewer Gas Lease Capital Projects Fund.
• Twenty-five percent of the revenues will be allocated to the Water and Sewer Endowment Gas Lease
Fund.
• Twenty-five percent of the revenues will be allocated to the Utility Street Reconstruction Capital
Improvement Projects Fund.

Note: The Capital Gas Endowment funds will be appropriated in the associated 5 Year Capital Improvement Plan.

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