Page 374 - Hurst Budget FY21

CITY OF HURST
SPECIAL PROJECTS FUND
2020 - 2021 BUDGET

Capital Improvements Programs are primarily financed with the issuance of long-term debt; however,
another important funding source is the Special Projects Fund. The Special Projects Fund was
created as a funding source for non-recurring capital projects and capital equipment not included in
the maintenance and operations budget or in the issuance of long-term debt. The funding source
comes from a transfer of excess fund balances in the General Fund and excess retained earnings in
the Enterprise Fund at the end of each fiscal year. Therefore, new projects can be funded on a pay-
as-you-go basis only as funding becomes available. The financial report for the Special Projects
Fund is located in the other funds section.

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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