Page 196 - CITY OF AZLE, TEXAS

CITY OF AZLE
STREET MAINTENANCE FUND
FY 2022-23

The Street Maintenance Fund was established to account for a ¼-cent sales tax increase approved by voters in
February, 2003. The purpose of the sales tax is to fund the maintenance and repairs of streets that were in existence
at the time the tax was adopted.
The fund is accounted for on a modified accrual basis of accounting. Revenues are recorded when available and
measurable. Expenditures are recorded when the liability is incurred.

Street Maintenance Fund Summary

Actual Actual Actual Budget Estimated Proposed CM Rec'd Approved
2018-19 2019-20 2020-21 2021-22 2021-22 2022-23 2022-23 2022-23

Beginning Balance 712,890 954,227 793,648 1,014,854 1,014,854 1,236,454 1,236,454 1,236,454
Plus: Fund Revenue
Sales Tax 533,743 615,242 667,181 625,000 692,000 692,000 692,000 692,000

Interest 4,650 4,280 592 750 1,600 1,600 1,600 1,600
Total Resources Available 1,251,283 1,573,750 1,461,421 1,640,604 1,708,454 1,930,054 1,930,054 1,930,054
Less: Fund Expenditures
Reclamation Projects 259,906 743,132 394,950 495,200 360,000
Green Way 77,000 77,000 77,000
Roe Street 192,000 192,000 192,000
Locust Street 195,000 195,000 195,000
Church Street 327,000 327,000 327,000
Central Drive 338,000 338,000 338,000

Misc. Street Overlay 16,139 24,801 30,666 115,000 77,000 115,000 115,000 115,000
Misc. Maintenance 21,012 12,168 20,951 35,000 35,000 35,000 35,000 35,000
Total Fund Expenditures 297,056 780,102 446,567 645,200 472,000 1,279,000 1,279,000 1,279,000

Ending Fund Balance 954,227 793,648 1,014,854 995,404 1,236,454 651,054 651,054 651,054

City of Azle FY 2022-2023 Budget 185