Page 193 - FY 2020-21 Budget Cover.pub

SPECIAL PURPOSE FUNDS – IN BRIEF

REVENUES

Street Maintenance Fund revenue is projected at $516,500 including interest earnings. This
represents a decrease of $13,000 from the FY 2019-20 budget and was projected in
anticipation of decreased sales tax collections as a result of the COVID-19 pandemic. The
projected revenue added to the projected beginning balance of $663,727 provides $1,180,227
for various street reclamation and overlay projects in the coming year.

Revenues in the Court Security Fund are estimated for the year at $9,500 which is an increase
of $3,000 over the FY 2019-20 budget. $300 in interest revenue is also budgeted.

Court Technology Fund revenue is projected at $10,000 which is an increase of $1,000 over the
FY 2019-20 budget. $200 in interest revenue is also budgeted.

Hotel/Motel Tax Fund projected revenues are $16,600 including interest earnings for a total
fund resources of $230,061. Revenue projections are based on previous year occupancy rates,
however, a decrease of $7,300 from the FY 2019-20 budget is expected as a result of the
COVID-19 pandemic.

Cable PEG Fee Capital Projects Fund projected revenue for FY 2020-21 is $17,500.

EXPENDITURES

Street Maintenance Fund expenditures are projected at $564,300 for various street
reclamations and overlay projects including Poe Street, Carpenter Street, Cresthaven Court,
Shady Lane, School Street, and Astoria Avenue. The ending balance of the fund is projected at
$615,927.

Court Security Fund expenditures are projected at $7,500 to cover overtime pay for officers who
act as bailiff during court proceedings

Court Technology Fund expenditures are projected at $6,110 to cover computer system fees.

No expenditures are proposed in the Hotel/Motel Tax Fund for the coming fiscal year.

No expenditures are proposed in the Cable PEG Fee Capital Projects Fund for the coming fiscal
year.

City of Azle 2020-2021 Budget 182