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STORMWATER FUND – IN BRIEF

REVENUES

Stormwater revenue is projected at $491,000 including $1,000 in interest earnings. This
represents an increase of $39,000 over the original FY 2019-20 budget. The minimum
stormwater rate was increased from $3.50/month to $5.50/month in FY 2019-20. The increase
in stormwater revenue reflected in this budget is attributed to an increase in the number
residential utility accounts.

EXPENSES

Expenses are projected at $399,701, including funds for debt service payment for an excavator
and various drainage projects. A transfer of $88,283 to the General Fund is also budgeted to
cover personnel costs.

City of Azle 2020-2021 Budget 176