Page 435 - Hurst FY19 Approved Budget

SPECIAL PROJECTS CAPITAL FUND

The Special Projects Fund was created as a funding source for relatively expensive and
non-recurring capital projects and capital equipment not included in the maintenance
and operations budget of City departments. Funding is provided by transfers primarily
from the annual General Fund savings. All expenditures from this fund must be
authorized by the City Manager or the Hurst City Council. The Special Projects Fund
allows for pay-as-you-go purchases to minimize the level of tax-supported debt.

CITY OF HURST

2018-2019 APPROVED BUDGET
SPECIAL PROJECTS CAPITAL FUND
REVENUE AND EXPENDITURES

FUND BALANCE OCTOBER 1, 2018
Policy Reserve $8,000,000
Unrestricted 8,224,963 $16,224,963

REVENUES
Interest Earnings $75,000
Transfer from General Fund for 2018-2019 Budget 1,000,000 $1,075,000

TOTAL FUNDS AVAILABLE $17,299,963

EXPENDITURES

CAPITAL IMPROVEMENT PROGRAM & OTHER EXPENDITURES
Projects Included in CIP Plan $5,519,531

Special Events, Infrastructure Maintenance, Economic 10,280,432 $15,799,963
Development, Public Safety Enhancements, & Other
Expenditures

TOTAL EXPENDITURES $15,799,963
FUND BALANCE AT SEPTEMBER 30, 2019 $1,500,000

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