Page 431 - Hurst FY20 Approved Budget

CITY OF HURST

SPECIAL PROJECTS FUND
2019 - 2020 BUDGET

Capital Improvements Programs are primarily financed with the issuance of long-term debt; however, another
important funding source is the Special Projects Fund. The Special Projects Fund was created as a funding
source for non-recurring capital projects and capital equipment not included in the maintenance and
operations budget or in the issuance of long-term debt. The funding source comes from a transfer of excess
fund balances in the General Fund and excess retained earnings in the Enterprise Fund at the end of each
fiscal year. Therefore, new projects can be funded on a pay-as-you-go basis only as funding becomes
available. The financial report for the Special Projects Fund is located in the other funds section.

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