Page 194 - FY 2020-21 Budget Cover.pub

CITY OF AZLE
STREET MAINTENANCE FUND
FY 2020-21

The Street Maintenance Fund was established to account for a ¼ cent sales tax increase approved by voters in
February, 2003. The purpose of the sales tax is to fund the maintenance and repairs of streets that were in
existence at the time the tax was adopted.
The fund is accounted for on a modified accrual basis of accounting. Revenues are recorded when available and
measurable. Expenditures are recorded when the liability is incurred.

Street Maintenance Fund Summary

Actual Actual Actual Budget Estimated Proposed CM Rec'd Approved
2016-17 2017-18 2018-19 2019-20 2019-20 2020-21 2020-21 2020-21

Beginning Balance 202,296 438,254 712,889 954,227 954,227 663,727 663,727 663,727
Plus: Fund Revenue
Capital Projects Transfer 13,748

Sales Tax 488,919 519,535 533,743 525,000 535,000 515,000 515,000 515,000
Interest 1,278 2,913 4,650 4,500 4,500 1,500 1,500 1,500
Total Resources Available 692,493 974,449 1,251,283 1,483,727 1,493,727 1,180,227 1,180,227 1,180,227
Less: Fund Expenditures
Reclamation Projects 204,232 208,111 259,906 1,126,000 750,000
Poe Street 97,700 97,700 97,700
Carpenter Street 97,700 97,700 97,700
Cresthaven Court 37,300 37,300 37,300
Shady Lane 117,500 117,500 117,500
School Street 98,100 98,100 98,100
Astoria Avenue 36,000 36,000 36,000

Misc. Street Overlay 17,706 18,668 16,139 45,000 45,000 45,000 45,000 45,000

Misc. Maintenance 32,302 34,781 21,012 35,000 35,000 35,000 35,000 35,000
Total Fund Expenditures 254,239 261,560 297,056 1,206,000 830,000 564,300 564,300 564,300
Ending Fund Balance 438,254 712,889 954,227 277,727 663,727 615,927 615,927 615,927

City of Azle 2020-2021 Budget 183