Page 253 - ArlingtonFY24AdoptedBudget

Other Budget Information

Airport Gas Fund
FY 2024 Operating Position

The City has established three funds to receive revenuesfrom natural gas operations that do not
go to the Arlington Tomorrow Foundation (ATF). The ATF will reach its capped corpus amount
of $100 million from scheduled reimbursements; these three funds receive lease bonus and
royalty revenues associated with natural gas operations net of those scheduled
reimbursements.

The Airport Gas Fund receives gas revenues derived from drilling operations beneath the City's
airport. Accounting unit 910301 is available to account for one-time expenditures from the
fund, but resources may also be transferred to other funds to more appropriately track and
account for expenditures. No expenditures that are in lieu of ongoing expenditures typically
made from the Airport's operating budget may be incurred without prior approval from the City
Manager's Office. Because the Airport Gas Fund is designated for specific purposes, expenditure
amounts in the fund are not appropriated on an annual basis as they would be in the City's
operating funds.

Periodically, fiscal conditions may necessitate transfers from the Airport Gas Fund to other
funds to cover specific one-time costs. All proposed interfund transfers involving gas funds will
require approval by the City Manager's Office prior to implementation.

Beginning balance, available cash: $ 4,728,536

Less:
Reserved for increase/decrease in investment value $ 119,548
Reserved for One-time Projects at Airport in FY 2023 250,000
Reserved for One-time Projects at Airport in FY 2024 260,000
Total commitments and reserves $ 629,548

Anticipated remaining balance $ 4,098,988

FY 2024 Adopted Budget and Business Plan 244 City of Arlington, Texas