Page 196 - CITY OF AZLE, TEXAS

CITY OF AZLE
STREET MAINTENANCE FUND
FY 2023-24

The Street Maintenance Fund was established to account for a ¼-cent sales tax increase approved by voters in
February, 2003. The purpose of the sales tax is to fund the maintenance and repairs of streets that were in existence
at the time the tax was adopted.
The fund is accounted for on a modified accrual basis of accounting. Revenues are recorded when available and
measurable. Expenditures are recorded when the liability is incurred.

Street Maintenance Fund Summary

Actual Actual Actual Budget Estimated Proposed CM Rec'd Approved
2019-20 2020-21 2021-22 2022-23 2022-23 2023-24 2023-24 2023-24

Beginning Balance 954,227 793,648 1,014,854 1,332,464 1,332,464 737,464 737,464 737,464
Plus: Fund Revenue
Sales Tax 615,242 667,181 725,645 692,000 775,000 775,000 775,000 775,000

Interest 4,280 592 5,031 1,600 25,000 25,000 25,000 25,000
Total Resources Available 1,573,750 1,461,421 1,745,530 2,026,064 2,132,464 1,537,464 1,537,464 1,537,464
Less: Fund Expenditures
Reclamation Projects 743,132 394,950 313,586 1,129,000 1,160,000
Sandy Beach Rd 475,000 475,000 475,000
Scotland Ave 275,000 275,000 275,000
Oak St 90,000 90,000 90,000
Elm St 66,000 66,000 66,000
Ash St 295,000 295,000 295,000

Misc. Street Overlay 24,801 30,666 80,585 115,000 115,000 150,000 150,000 150,000

Misc. Maintenance 12,168 20,951 18,895 35,000 120,000 50,000 50,000 50,000
Total Fund Expenditures 780,102 446,567 413,066 1,279,000 1,395,000 1,401,000 1,401,000 1,401,000

Ending Fund Balance 793,648 1,014,854 1,332,464 747,064 737,464 136,464 136,464 136,464

City of Azle FY 2023-2024 Budget 185