Page 362 - Hurst Budget FY21

CITY OF HURST
HURST COMMUNITY DEVELOPMENT CORPORATION
HALF-CENT SALES TAX FUND
2020 - 2021 BUDGET

In addition to funding operations, the Hurst Community Development Corporation Half-Cent Sales
Tax Fund also funds capital projects on a pay-as-you-go-basis. The majority of revenues are
generated by the half-cent sales tax rate allocated to the Community Development Corporation.
Pay-as-you-go capital improvements are budgeted annually within the operations budget of the
fund. However, projects are not begun until the revenue has been received to pay for their
expenditures.

The following tables provide comprehensive information about each project:
Project Number
Budget
Actual Expenditures as of 10/1/20
Estimated expenditures as of 2020-2021
Estimated expenditures as of 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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