Page 203 - CITY OF AZLE, TEXAS

CITY OF AZLE
CAPITAL PROJECTS FUND

The Capital Projects Fund accounts for the acquisition of and construction of major capital
facilities and equipment. These projects are financed with resources allocated to the Capital
Projects Fund and with proceeds from general obligation bond and certificate of obligation sales.

The fund is accounted for on the modified accrual basis of accounting. Revenues are recorded
when available and measurable, and expenditures are recorded when the liability is incurred.

Capital Projects Fund Summary

Proposed CM Rec'd Approved
2023-24 2023-24 2023-24

Funding Resources - Beginning Balance
Prior Year Transfer from General Fund 2,048,000 2,048,000 2,048,000
Gas Well Royalties 210,000 210,000 210,000
MDD Projects 100,000 100,000 100,000
Total Beginning Resources 2,358,000 2,358,000 2,358,000
Plus: Revenues
Proceeds from Debt Issuance 6,000,000 6,000,000 6,000,000
Tarrant County Project Participation 2,817,500 2,817,500 2,817,500
Gas Well Royalties 40,000 40,000 40,000
Transfer from MDD Fund 40,000 40,000 40,000
Total Revenues 8,897,500 8,897,500 80,000
Less: Expenditures
Dunaway Lane Reconstruction 8,500,000 8,500,000 8,500,000

Total Expenditures 8,500,000 8,500,000 8,500,000
Ending Balance
Proceeds from Debt Issuance 317,500 317,500 317,500
Tarrant County Project Participation - - -
Prior Year Transfer from General Fund 2,048,000 2,048,000 2,048,000
Gas Well Royalties 250,000 250,000 250,000
MDD Projects 140,000 140,000 140,000
Total 2,755,500 2,755,500 2,755,500

City of Azle FY 2023-2024 Budget 192