Page 337 - Hurst FY20 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
2019-2020 APPROVED BUDGET
SPECIAL PROJECTS CAPITAL FUND
REVENUE AND EXPENDITURES

FUND BALANCE OCTOBER 1, 2019

Policy Reserve $8,000,000
Unrestricted 7,767,803 $15,767,803

REVENUES
Interest Earnings $75,000
Transfer from General Fund for 2019-2020 Budget 1,000,000 $1,075,000

TOTAL FUNDS AVAILABLE $16,842,803

EXPENDITURES

CAPITAL IMPROVEMENT PROGRAM & OTHER EXPENDITURES

Projects Included in CIP Plan $1,257,070

Special Events, Infrastructure Maintenance, 6,085,733 $7,342,803
Economic Development, Public Safety Enhancements,
& Other Expenditures

TOTAL EXPENDITURES $7,342,803

FUND BALANCE SEPTEMBER 30, 2020 $9,500,000

321