Page 105 - Kennedale Budget FY21
P. 105
FUND OVERVIEW: STREET IMPROVEMENT FUND
F U N D H E A L T H
In FY17-18, the franchise fee from the Water and Sewer Fund was reduced from 9% to 5% of revenue.
Since this reduction, the fund has been imbalanced. There are not enough recurring revenues to fund the
current level of service from the Fund. It is suggested that Council explore the implementation of a Street
Maintenance Fee to improve street maintenance and balance the fund.
R E V E N U E S
The FY20-21 Street Improvement Fund Budget includes $877,615 in revenues, which represents an
increase of 4% from the prior year. This is primarily due to increase in the franchise fee from the water
sewer fund (from 5% to 7%), which represents approximately $44,000 in additional revenue.
The primary source of revenue for the Street Improvement Fund is franchise fees, which accounts for 96%
of all revenue.
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