Page 66 - Burleson FY22 City Budget

should be expected to continue to comprise a substantial portion of the inflows reported in the fund.
Other resources (investment earnings and transfers from other funds, for example) also may be
reported in the fund if those resources are restricted, omitted, or assigned to the specified purpose of
the fund. Governments should discontinue reporting a special revenue fund, and instead report the
fund's remaining resources in the general fund, if the government no longer expects that a substantial
portion of the inflows will derive from restricted or committed revenue sources.

3) Capital Projects Funds Capital projects funds are used to account for and report financial resources
that are restricted, committed, or assigned to expenditure for capital outlays, including the acquisition or
construction of capital facilities and other capital assets. Capital projects funds exclude those types of
capital-related outflows financed by proprietary funds or for assets that will be held in trust for
individuals, private organizations, or other governments.

4) Debt Service Funds Debt service funds are used to account for and report financial resources that are
restricted, committed, or assigned to expenditure for principal and interest, even if it is being
accumulated for future years' payments. Debt service funds should be used to report resources if legally
mandated.

5) Permanent Funds Permanent funds should be used to account for and report resources that are
restricted to the extent that only earnings, and not principal, may be used for purposes that support the
reporting government's programs. Permanent funds do not include private-purpose trust funds, which
should be used to report situations in which the government is required to use the principal or earnings
for the benefit of individuals, private organizations, or other governments. Currently the City of Burleson
does not have any Permanent Funds.

2) Ending fund balances of the City of Burleson shall be reported according to the following classifications:

1) General Fund

i. 001 General Fund
ii. 002 General Fund – Health Insurance - Assigned

2) DEBT SERVICE FUNDS RESTRICTED:

i. 201 Debt Service Fund – General – Restricted
ii. 202 4B Sales Tax Debt Service – Restricted
iii. 203 4A Sales Tax Debt Service – Restricted

3) SPECIAL REVENUE FUNDS RESTRICTED/COMMITTED

i. 101 General Government SRF - Restricted
ii. 102 Public Safety SRF - Restricted
iii. 103 Public Works SRF – Restricted
iv. 104 Culture & Recreation SRF – Restricted
v. 105 Hotel/Motel SRF - Restricted
vi. 106 BCDC 4B Sales Tax SRF – Restricted
vii. 107 Public Safety Grants SRF – Restricted
viii. 109 Culture & Recreation Grant SRF – Restricted
ix. 110 BCDC 4A Sales Tax SRF – Restricted
x. 113 Economic Development Incentive SRF – Restricted
xi. 114 TIF #2 SRF – Restricted
xii. 115 Traffic Safety SRF – Restricted
xiii. 116 Parks Performance SRF – Committed
xiv. 117 General Government Grants SRF – Restricted
xv. 118 Burleson TIF #3 - Restricted
xvi. 150 PID #1 - Restricted

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