Page 201 - FY 2020-21 Budget Cover.pub

CITY OF AZLE
CAPITAL PROJECTS FUND

The Capital Projects Fund accounts for the acquisition of and construction of major capital
facilities and equipment. These projects are financed with resources allocated to the Capital
Projects Fund and with proceeds from general obligation bond and certificate of obligation
sales.

The fund is accounted for on the modified accrual basis of accounting. Revenues are
recorded when available and measurable, and expenditures are recorded when the liability is
incurred.

Capital Projects Fund Summary

Proposed CM Rec'd Approved
2020-21 2020-21 2020-21

Funding Resources - Beginning Balance
Gas Well Royalties 10,000 10,000 10,000
MDD Projects 147,200 147,200 147,200
Total Beginning Resources 157,200 157,200 157,200
Plus: Revenues
Gas Well Royalties 40,000 40,000 40,000
Transfer from MDD Fund 25,000 25,000 25,000
Interest 500 500 500
Total Revenues 65,500 65,500 65,500
Less: Expenditures
None - - -
Total Expenditures - - -

Ending Balance 222,700 222,700 222,700

City of Azle 2020-2021 Budget 190