Page 124 - Hurst Adopted FY22 Budget

APPROVED FISCAL YEAR 2022 BUDGET
Special projects fund

The Special Projects Fund was created as a funding source for relatively expensive and non-recurring
capital projects and capital equipment not included in the maintenance and operations budget of City
departments. Funding is provided by transfers primarily from the annual General Fund savings. All
expenditures from this fund must be authorized by the City Manager or the Hurst City Council. The
Special Projects Fund allows for pay-as-you-go purchases to minimize the level of tax-supported debt.

EST. FUND BALANCE OCTOBER 1, 2021

Policy Reserve $8,000,000
Project Reserves 9,902,731 $17,902,731

REVENUES

Interest Earnings $25,000
Transfer from General Fund 1,200,000 $1,225,000

TOTAL FUNDS AVAILABLE $19,127,731

EXPENDITURES

CAPITAL IMPROVEMENT PROGRAM & OTHER EXPENDITURES

CIP Projects $889,744

Special Events, Infrastructure Maintenance, 6,645,194 $7,534,938
Economic Development, Public Safety Enhancements,
& Other Expenditures

TOTAL EXPENDITURES $7,534,938

EST. FUND BALANCE SEPTEMBER 30, 2022 $11,592,793

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