Page 293 - Hurst Budget FY21

SPECIAL PROJECTS CAPITAL FUND

The Special Projects Fund was created as a funding source for relatively expensive and non-recurring
capital projects and capital equipment not included in the maintenance and operations budget of City
departments. Funding is provided by transfers primarily from the annual General Fund savings. All
expenditures from this fund must be authorized by the City Manager or the Hurst City Council. The
Special Projects Fund allows for pay-as-you-go purchases to minimize the level of tax-supported debt.

CITY OF HURST
2020-2021 PROPOSED BUDGET
SPECIAL PROJECTS CAPITAL FUND
REVENUE AND EXPENDITURES

FUND BALANCE OCTOBER 1, 2020

Policy Reserve $8,000,000
Unrestricted 8,398,009 $16,398,009

REVENUES

Interest Earnings $20,000
Transfer from General Fund for 2020-2021 Budget 140,000 $160,000

TOTAL FUNDS AVAILABLE $16,558,009

EXPENDITURES

CAPITAL IMPROVEMENT PROGRAM & OTHER EXPENDITURES

Projects Included in CIP Plan $2,135,182

Special Events, Infrastructure Maintenance, 12,922,827 $15,058,009
Economic Development, Public Safety Enhancements,
& Other Expenditures

TOTAL EXPENDITURES $15,058,009

FUND BALANCE SEPTEMBER 30, 2021 $1,500,000

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