Page 4 - Euless ORD 2360 Adopted FY 23-24 Budget

SECTION 6.

The sums below are hereby appropriated from the respective capital funds for the
payment of expenditures on behalf of the City government as established in the approved
Capital Improvement Program:
FY2023
Amended FY2024
Fund Appropriations Appropriations

Drainage Capital Projects Fund 51, 265 70, 000
Streets Capital Projects Fund 1, 490, 897 3, 301, 265
Water & Wastewater Capital Projects Fund 9, 935, 200 1, 395, 934
Water Impact Fee Fund 118, 050
Wastewater Impact Fee Fund 100, 000
General Capital Projects Fund 10, 275, 850 6, 125, 000
Police Facility Capital Improvements Projects 25, 084, 236
Half Cent Capital Projects Fund ( EDC) 3, 896, 905 882, 700
Texas Star Golf Course Capital Projects 50, 000
Redevelopment Fund 1, 218, 775 1, 500, 000

SECTION 7.

The sums below are hereby appropriated from the respective reserve funds to
provide transfers to certain operating and capital improvement funds as established in the
approved budget document.
FY2024
Fund Appropriations

Water & Wastewater Rate Stabilization Reserve Fund $ 479, 205
Texas Star Golf Course Reserve Fund $ 150, 000
Water & Wastewater Debt Reserve Fund $ 18, 506

SECTION 8.

The City Manager is authorized from time to time, as he/ she may deem to be in
the best interest of the City of Euless, to invest city funds not immediately required for
current use, including operating funds and bond funds, as per the City Council adopted
Investment Policy.

SECTION 9.

SEVERABILITY CLAUSE. It is hereby declared to be the intention of the City
Council that the phrases, clauses, sentences, paragraphs, and sections of this ordinance
are severable, and if any phrase, clause, sentence, paragraph, or section of this

Ordinance No. 2360, Page 4 of 326