Page 63 - CITY OF AZLE, TEXAS

revenue from Tarrant County Emergency Services District No. 1 for the purchase of
replacement ambulances. In addition, the City of Azle has entered into an interlocal agreement
to provide police dispatch and jail service to the City of Pelican Bay for $60,000 annually.

General Fund revenue will be supplemented by $1,188,381 in transfers from other funds. The
majority of these transfers will cover costs associated with the administration of other funds that
are accounted for in the General Fund, such as the Utility Fund and Stormwater Fund. In
addition, $110,000 of the total transfer is from the Golf Course Fund and will continue the
process of paying down an outstanding advance in the amount of $232,616. With few
exceptions, all other sources of General Fund revenue are expected to remain fairly level.

Trend analysis played a part in estimating the revenue for the FY 2023-24 budget year in the
General Fund and several underlying assumptions were used to help staff analyze revenue
trends. The two biggest single sources of revenue in the General Fund are property taxes and
sales taxes and the trends and assumptions on these two sources were discussed above.

EXPENDITURES

The General Fund expenditure budget for FY 2023-24 is $17,927,910. This is an increase of
$1,429,434 (8.7%) over the adopted FY 2022-23 budget and will maintain or improve current
service and staffing levels. Factors driving this increase include the purchase of vehicles,
equipment purchases for the Street Department, funding for an update to the City’s
comprehensive master plan and thoroughfare plan. New positions in this budget include a
Dispatch Supervisor in the Police Department, a Receptionist for the Animal Shelter, and an
additional Parks Maintenance Worker. Funding for employee step increases and a 5% market
adjustment to the City’s pay plan is included in this budget. Also included in personnel costs are
additional funds for anticipated increases in health and dental insurance.

Revenues and transfers from other funds are expected to exceed expenditures by $17,354.
This results in a projected unreserved fund balance of $6,642,974 or 37.1% of projected fund
expenditures. This amount exceeds the City’s stated goal of an unreserved fund balance equal
to four (4) months of operating expenditures.

City of Azle FY 2023-2024 Budget 52