Page 45 - GFOA Draft 2

The PID Fund is used to account for assessments levied upon properties within the district
boundaries. Expenses are incurred for the repayment of debt issued to fund public
improvements within the district.

The TIRZ Fund is used to account for new revenues generated from increased values of
properties located withing the Zone. Expenses are incurred for the repayment of the related
infrastructure cost.

BUDGETED USE OF FUND BALANCE FOR FISCAL YEAR 2022-2023

Fund Amount Explanation of Fund Balance Use

General Fund $768,625 For capital outlay and one time expenses

Debt Service Fund $59,305 To mitigate impact of debt issue on the tax rate

For one time capital outlay and improvements to
Enterprise Fund $1,401,110 the Beltmill Pump Station and Sewer Cleaning
Truck

The use of previously issued bonds for the
Capital Projects Fund $24,070,865 Library, Senior Citizens Center, Knowles Drive
Improvements and the New Central Fire Station

For the replacement of police patrol vehicles and
CCPD Fund $486,290
building security upgrades

Police Expendable Trust Fund $12,500 For supplies related to public safety

Water/Wastewater Escrow
Fund $263,430 For the NW Booster Pump Station

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