Page 411 - Hurst FY20 Approved Budget

CITY OF HURST
DRAINAGE BOND FUND
2019 - 2020 BUDGET

This fund accounts for the financing and construction of various drainage projects. Financing has been
provided by Certificate of Obligation Bond Sales in 1998, 1999, 2000, 2001 2002, 2003, 2005, 2006, 2007,
2008 and 2009. Funds have been expended for the concrete lining of four major drainage channels that
carry run-off water from the City of Hurst as well as from surrounding cities. The channels flow a short
distance into the Trinity River, which is a major state tributary. The concrete-lined channels effectively
protect surrounding residential areas from flooding and decrease maintenance costs for the General Fund
by eliminating pools of water with associated pests, grass and weeds. Funding is also provided to
purchase properties subject to flooding where it is not cost-effective to reconstruct drainage channels to
accommodate floodwaters. All drainage projects reduce operational costs for future years by decreasing
maintenance costs for the channels and by reducing the risk of property damage from flooding.

Fund Balance as of October 1, 2019
Restricted 700,000
Unrestricted 0
Estimated Receipts 0
Total Funds Available 700,000

Expenditures for 2019-2020 $420,000
Estimated Fund Balance September 30, 2020 $280,000

The following tables provide comprehensive information about each project:
Project Number
Budget
Actual Expenditures as of 10/1/19
Estimated expenditures through 2019-2020
Estimated expenditures through 2020-2021
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 9/30/19

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