Page 129 - City of Kennedale Adopted Budget FY22
P. 129
FUND OVERVIEW: STREET IMPROVEMENT FUND
F U N D H E A L T H
Since the FY17-18 reduction of the franchise fee from the Water and Sewer fund from 9% to 5%, the fund
has been imbalanced. The percentage of the franchise fee reflected in this year’s budget is 9%. There are
not enough recurring revenues to fund the current level of service from the Fund. It is being 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 FY21-22 Street Improvement Fund Budget includes $917,506 in revenues, which represents an
increase of 9.3% from the prior year. This is primarily due to increase in the franchise fee from the water
sewer fund (from 7% to 9%), which represents approximately $78,772 in additional revenue.
The primary source of revenue for the Street Improvement Fund is franchise fees, which accounts for
97.4% of all revenue.
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