Page 205 - CITY OF AZLE, TEXAS
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CITY OF AZLE
WATER AND SEWER CAPITAL PROJECTS FUND
The Water and Sewer Capital Projects Fund is used to account for the acquisition of and construction of major
capital facilities and equipment used for the operation and maintenance of the City's water and sewer system.
These projects are financed primarily with proceeds from revenue bonds and certificates of obligation.
The fund is accounted for on the accrual basis of accounting. Revenues are recorded when measurable and
earned and expenses are recognized when a good or service is used.
Water and Sewer Capital Projects Fund Summary
Proposed CM Rec'd Approved
2023-24 2023-24 2023-24
Funding Resources
Unrestricted Funding (UR)
Transfer from the Utility Fund 600,000 600,000 600,000
Excess Bond Reserve Funds 603,000 603,000 603,000
2017 SWIFT Fund Bond Issuance Proceeds 210,000 210,000 210,000
ARPA Funds 410,000 410,000 410,000
Restricted Funding
Impact Fees - Water (IF-W) 1,918,000 1,918,000 1,918,000
Impact Fees - Sewer (IF-S) 1,915,000 1,915,000 1,915,000
Total Resources 5,656,000 5,656,000 4,453,000
Less: Fund Expenses
Emergency Process Generator and Onshore UR 260,000 260,000 260,000
Generator for Raw Water Intake Station
Walnut Creek Lift Station Upgrade UR/RF 550,000 550,000 550,000
Walnut Creek Force Main Upgrade UR/RF 1,500,000 1,500,000 1,500,000
Avondale Lift Station Upgrade CDBG Project UR 150,000 150,000 150,000
Water System Fire Hydrant/Valve GIS Mapping RF 20,000 20,000 20,000
Total Fund Expenditures
Unrestricted Funding 1,135,000 1,135,000 1,135,000
Impact Fees - Water (IF-W) 20,000 20,000 20,000
Impact Fees - Sewer (IF-S) 1,325,000 1,325,000 1,325,000
Total 2,480,000 2,480,000 2,480,000
Ending Balance
Transfer from the Utility Fund 150,000 150,000 150,000
Excess Bond Reserve Funds 328,000 328,000 328,000
2017 SWIFT Fund Bond Issuance Proceeds 210,000 210,000 210,000
ARPA Funds - - -
Impact Fees - Water (IF-W) 1,898,000 1,898,000 1,898,000
Impact Fees - Sewer (IF-S) 590,000 590,000 590,000
Total 3,176,000 3,176,000 3,176,000
City of Azle FY 2023-2024 Budget 194
