Page 26 - Pantego FY22 Operating Budget

Shamburger Fund – This fund was created as a bequeath to the Town from one of its departed citizens.
The Shamburger Fund is used to account for the care and feeding of stray animals found within the Town
limits.

Expenditures incurred and proposed in this fund are for the supplies and cost of services incurred in carrying
out its mandate. The proposed Budget for the Shamburger fund remains unchanged from the prior fiscal
year. These funds are meant to be depleted.

Municipal Court Security Fund – This fund was created by the State Legislature to fund the security
and protection of the municipal court. This fund accounts for the cost of security for both the court room
and the court office. Revenue sources come from a portion of the fees collected on every infraction
adjudicated by the Town. Total revenues in this fund are estimated at $16,540 for FY 2021-2022.

Municipal Court Technology Fund – This fund was also created by the State Legislature to fund
improvements in technology in the municipal court system. Revenue sources for this fund are derived
from fees assessed, as provided by law, per conviction in the Town of Pantego. Municipal Court
revenues are estimated at $14,000 for Court fines and fees and $175 in Other Revenue for FY 2021-
2022.

CAPITAL PROJECT FUNDS

These sets of funds are used to report major capital acquisitions and construction projects. Capital
Project Funds include Street Improvement Fund, Capital Project/Equipment Replacement Fund, and a
Capital Project Fund tied to the issuance of the 2019 Certificates of Obligation.

Street Improvement Fund – This fund was established to account for a ¼ (.25) cent sales tax
allocation voted on by the citizens of Pantego every four years. The revenue is restricted by state
statute to be used for existing road improvements and maintenance. Sales tax is budgeted to be
$340,080 a 10.3% increase from the current fiscal year.

The repair and upgrade of the Town’s streets and roads continues to be a top priority of the Town
Council and staff.

The proposed Budget also includes a transfer out to the General Fund in the amount of $112,658 for
the cost of labor incurred by this fund.

Capital Project/Equipment Replacement Fund – This fund is used to account for acquisition of
equipment for various departments of the Town. It is also used to account for capital improvements for
the general government has not currently funded through any other fund. This fund is entirely dependent
on cash inflows from the General Fund. Therefore, future capital expenditures will not be made if there
is an absence of transferable reserves from the General Fund. This fund will be used this year for
the acquisition of several new vehicles.

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