Page 205 - CITY OF AZLE, TEXAS

CITY OF AZLE
WATER AND SEWER CAPITAL PROJECTS FUND

The Water and Sewer Capital Projects Fund is used to account for the acquisition of and construction of major
capital facilities and equipment used for the operation and maintenance of the City's water and sewer system.
These projects are financed primarily with proceeds from revenue bonds and certificates of obligation.
The fund is accounted for on the accrual basis of accounting. Revenues are recorded when measurable and
earned and expenses are recognized when a good or service is used.
Water and Sewer Capital Projects Fund Summary
Proposed CM Rec'd Approved
2022-23 2022-23 2022-23
Funding Resources
Unrestricted Funding (UR)
Prior Year Bond and C.O. Funds 53,636 53,636 53,636
2017 SWIFT Fund Bond Issuance Proceeds 347,400 347,400 347,400
ARPA Funds 600,000 600,000 600,000
Restricted Funding
Impact Fees - Water (IF-W) 1,562,247 1,562,247 1,562,247
Impact Fees - Sewer (IF-S) 1,609,425 1,609,425 1,609,425
Total Resources 4,172,708 4,172,708 4,172,708
Less: Fund Expenses

Emergency Process Generator and Onshore UR 603,242 603,242 603,242
Pump Intake Station

Meter Endpoint Upgrade UR 170,000 170,000 170,000
Avondale Lift Station Upgrade CDBG Project UR 40,000 40,000 40,000

Water & Wastewater Impact Fee Study Update RF 12,000 12,000 12,000

Total Fund Expenditures
Unrestricted Funding 813,242 813,242 813,242
Impact Fees - Sewer 6,000 6,000 6,000
Impact Fees - Water 6,000 6,000 6,000
Total 825,242 825,242 825,242
Ending Balance
Prior Year Bond and C.O. Funds - - -
2017 SWIFT Fund Bond Issuance Proceeds 177,400 177,400 177,400
ARPA Funds - - -
Impact Fees - Sewer 1,603,425 1,603,425 1,603,425
Impact Fees - Water 1,556,247 1,556,247 1,556,247
Total 3,337,072 3,337,072 3,337,072

City of Azle FY 2022-2023 Budget 194