Page 16 - CITY OF AZLE, TEXAS
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Utility Fund
Revenues
Total Utility Fund revenues of $9,867,562 have been projected for FY 2022-23. This reflects an
increase of $538,634 over the FY 2021-22 budget. The water and sewer rates are proposed to
remain unchanged for FY 2022-23.
Expenses
Total expenses for the Utility Fund are projected at $9,440,817. The transfer to the General
Fund totals $812,978. Total operating expenses for FY 2022-23, excluding debt service, have
been proposed at $7,789,022. The fund has a projected ending working capital of $3,925,213.
Golf Course Fund
Revenues
Total revenue for FY 2022-23 is projected at $1,747,000. This amount is based on a projected
46,145 rounds of golf played. The above projected revenue does not include any funds derived
from gas leases at the golf course.
Expenses
Golf Course Fund expenses are projected at $1,643,407, which is an increase of $112,405
(7.34%) above the FY 2021-22 budget. This increase is mainly attributable to increased golf
play. In addition, there have also been outstanding debts to the General Fund and Utility Fund
of $452,616 and $365,754, respectively, for over 25 years. Last year, the debt started to be
repaid annually with transfers to each fund in the amounts of $110,000 and $90,000,
respectively.
Stormwater Utility Fund
Stormwater revenue is projected at $2,198,540. Of this amount, $1,677,040 is coming from
ARPA funds which will fund the Ash Avenue Drainage Improvement Project. Expenses are
projected at $2,040,746.
Special Purpose Funds
Special Purpose Funds are used to account for resources associated with a specific purpose
and include the Street Maintenance Fund, Court Security Fund, Court Technology Fund,
Hotel/Motel Tax Fund, and the Cable PEG Fee Fund. Other Special Purpose Funds of the City
include the Crime Control and Prevention District Fund and the Municipal Development District
Fund. However, these budgets for these funds are prepared and adopted separately from this
budget.
Revenue in the Street Maintenance Fund is projected at $693,600. The projected revenue,
added to the projected beginning balance of $1,236,454 provides $1,930,054 for projects in the
coming year. Street Maintenance Fund expenditures are projected at $1,279,000 for the
reclamation of Green Way, Roe St., Locust St., Church St., and Central Dr. The ending balance
in the Street Maintenance Fund is projected to be $651,054.
City of Azle FY 2022-2023 Budget 6
