Page 346 - HurstFY23AnnualBudget

APPROVED BUDGET FISCAL YEAR 2022-2023

Special Projects Fund. At the end of each fiscal year, a certain percentage of budget savings from
the General and/or Enterprise Funds are transferred to the Special Projects Fund through the City
Manager’s ordained authority. Through Council and City Manager approval, projects are
subsequently created utilizing Special Projects Fund reserves.

Projects Totals by Funding Category

The following table summarizes budgets for projects which are funded in the FY 23 budget and
anticipated to reach substantial completion. Capital projects are often funded in multiple fiscal
years depending on the scope of the project and many other variables that can impact capital
improvements. Projects are summarized by their respective funding source and include projects
funded in the operating budget and pay-go projects. The summary below represents planned
projects; however, the city will respond to needs throughout the year and may bring forward
other projects for Council consideration.

Source Amount
General Fund $1,003,000
Enterprise Fund 1,710,000
Storm Drainage Fund 339,030
Half Cent Community Development Fund 275,000
Park Donation Fund 150,000
Bond Funds 1,082,306
Internal Services Equipment 1,074,520
Other Funding Sources 7,667,690
Total $13,301,546

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