Page 147 - 2019 Budget Detail.xlsx

CAPITAL PROJECT FUNDS

Capital Project Funds are used to report major capital acquisitions and

construction/improvement projects. These funds receive proceeds from
authorized sources for a specific project or acquisition. The related

expenditures are recorded in these funds. The City of Richland Hills has (3)
budgeted Capital Project Funds:

Oil and Gas Lease Fund (012) is used to account for the proceeds of oil

and gas lease revenue and future expenditures for capital projects or
acquisitions.

Capital Project Fund (020) is used to account for the acquisition of
equipment and other capital improvements of the general government not
funded through other funds. This fund is mostly entirely dependent on cash

inflows in the form of operating transfers from the General Fund.

Street Improvement Fund (025) was established to account for revenue

and expenditures to be used for road improvements and maintenance.

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