Page 359 - Hurst Budget FY21

CITY OF HURST
DRAINAGE BOND FUND
2020 - 2021 BUDGET

This fund accounts for the financing and construction of various drainage projects. Funds have
been expended for the concrete lining of four major drainage channels that carry run-off water
from the City of Hurst as well as from surrounding cities. The channels flow a short distance into
the Trinity River, which is a major state tributary. The concrete-lined channels effectively protect
surrounding residential areas from flooding and decrease maintenance costs for the General
Fund by eliminating pools of water with associated pests, grass and weeds. Funding is also
provided to purchase properties subject to flooding where it is not cost-effective to reconstruct
drainage channels to accommodate floodwaters. All drainage projects reduce operational costs
for future years by decreasing maintenance costs for the channels and by reducing the risk of
property damage from flooding.

Fund Balance as of October 1, 2020
Restricted 700,000
Unrestricted 0
Estimated Receipts 0
Total Funds Available 700,000
Expenditures for 2020-2021 $420,000

Estimated Fund Balance September 30, 2021 $280,000

The following tables provide comprehensive information about each project:
Project Number
Budget
Actual Expenditures as of 10/1/20
Estimated expenditures through 2020-2021
Estimated expenditures through 2021-2022
The estimated costs or savings expected to operational funds as a result of the project
Project description
Project justification
The status and operating impact as of 9/30/20

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