Page 195 - CITY OF AZLE, TEXAS

SPECIAL PURPOSE FUNDS – IN BRIEF

REVENUES

Street Maintenance Fund revenue is projected at $800,000 including interest earnings. This
represents an increase of $106,400 from the FY 2022-23 budget. The increase is based on
recent trends in sales tax collections. The projected revenue added to the projected beginning
balance of $737,464 provides $1,537,464 for various street reclamation and overlay projects in
the coming year.

Revenues in the Court Security Fund are estimated for the year at $12,000 which is an increase
of $1,000 from the FY 2022-23 budget. $850 in interest revenue is also budgeted.

Court Technology Fund revenue is projected at $10,000 which is an increase of $500 from the
FY 2022-23 budget. $500 in interest revenue is also budgeted.

Hotel/Motel Tax Fund projected revenue is projected at $25,000 including interest earnings.
Revenue projections are based on the previous year’s occupancy rates.

Cable PEG Fee Capital Projects Fund projected revenue for FY 2023-24 is $20,300 including
interest revenue.

EXPENDITURES

Street Maintenance Fund expenditures are projected at $1,401,000 for various street
reclamations and overlay projects including Sandy Beach Road, Scotland Avenue, Oak Street,
Elm Street, and Ash Street. The ending balance of the fund is projected at $136,464. This
represents a $601,000 (81.5%) reduction in fund balance and is not expected to negatively
impact operations.

Court Security Fund expenditures are projected at $7,500 to cover overtime pay for police
officers who act as bailiff during court proceedings.

Court Technology Fund expenditures are projected at $18,000 to cover computer system fees.

No expenditures are proposed in the Hotel/Motel Tax Fund for the coming fiscal year.

No expenditures are proposed in the Cable PEG Fee Capital Projects Fund for the coming fiscal
year.

City of Azle FY 2023-2024 Budget 184