Page 258 - Microsoft Word - FY 2020 Adopted Budget Document

Other Budget Information

Airport Gas Fund
FY 2020 Operating Position

The City has established three funds to receive revenuesfrom natural gas operations that do not
go to the Arlington Tomorrow Foundation (ATF). Now that the Foundation has reached its
capped corpus amount of $100 million, these three funds receive all lease bonus and royalty
revenues associated with natural gas operations.

The Airport Gas Fund receives gas revenues derived from drilling operations beneath the City's
airport. Accounting unit 910301 is available to account for one‐time expenditures from the fund,
but resources may also be transferred to other funds to more appropriately track and account
for expenditures. No expenditures that are in lieu of ongoing expenditures typically made from
the Airport's operating budget may be incurred without prior approval from the City Manager's
Office. Because the Airport Gas Fund is designated for specific purposes, expenditure amounts
in the fund are not appropriated on an annual basis as they would be in the City's operating
funds.

Periodically, fiscal conditions may necessitate transfers from the Airport Gas Fund to other funds
to cover specific one‐time costs. All proposed interfund transfers involving gas funds will require
approval by the City Manager's Office prior to implementation.

Beginning balance, available cash: $ 2,561,906

Less:
Reserved for increase/decrease in investment value $ 14,149
Designated for FY 2020 projects 255,200
Designated for Debt Service ‐
Total commitments and reserves $ 269,349

Anticipated remaining balance $ 2,292,557

2020 Adopted Budget and Business Plan 245 City of Arlington, Texas