Page 538 - Hurst FY19 Approved Budget

CITY OF HURST

HURST COMMUNITY DEVELOPMENT CORPORATION
HALF-CENT SALES TAX FUND
2018 - 2019 BUDGET

In addition to funding operations, the Hurst Community Development Corporation Half-Cent Sales Tax
Fund also funds capital projects on a pay-as-you-go-basis. The majority of revenues are generated by the
half-cent sales tax rate allocated to the Community Development Corporation. Pay-as-you-go capital
improvements are budgeted annually within the operations budget of the fund. However, projects are not
begun until the revenue has been received to pay for their expenditures. In 2014, debt was issued to
reconstruct Chisholm Aquatics Center. The pool opened in May 2016. In 2016, $1.4 million was issued to
replace the roof at the recereation Center and $5 million was issued to renovate Central Aquatics Center.

▪ 2014 $7,500,000
▪ 2016 $5,400,000

The following tables provide comprehensive information about each project:
Project Number
Budget
Project description
Actual Expenditures as of 10/1/18
Estimated expenditures as of 2018-2019
Estimated expenditures as of 2019-2020
The estimated costs or savings expected to operational funds as a result of the project
Project description
Project justification
The status and operating impact as of 9/30/18

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