Page 134 - CITY OF AZLE, TEXAS
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U U Ut t ti i il l li i it t ty y y F F Fu u un n nd d d
The Utility Fund is one of three enterprise funds in the City. Its purpose is to account for
operations that are financed and operated in a manner similar to a private business
enterprise – where the intent of the City Council is that the cost of providing services to
the general public on a continuing basis be financed or recovered primarily through user
charges.
The Utility Fund is used to account for user fees charged to residential and commercial
units serviced by the City of Azle. All activities necessary to provide such services are
accounted for in this fund, including, but not limited to, administration, billing, operations,
maintenance and debt service.
Accounting records for the Utility Fund are maintained on the accrual basis.
City of Azle FY 2023-2024 Budget 123
