Page 33 - Proposed Operating Budget FY24
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CITY OF HURST
FY 2023 ‐ 2024 ADOPTED BUDGET
SPECIAL PROJECTS CAPITAL FUND
REVENUES AND EXPENSES
The Special Projects Fund was created as a funding source for relatively expensive and non‐recurring capital
projects and capital equipment not included in the maintenance and operations budget of City
departments. Funding is provided by transfers primarily from the annual General Fund savings. All
expenditures from this fund must be authorized by the City Manager or the Hurst City Council. The Special
Projects Fund allows for pay‐as‐you‐go purchases to minimize the level of tax‐supported debt.
ESTIMATED FUND BALANCE OCTOBER 1, 2023
Policy Reserve $8,500,000
Other Reserves, Commitments and Assignments 23,351,328 $31,851,328
REVENUES
Interest Earnings $955,540
FY 24 Year End Transfer 1,620,000 $2,575,540
TOTAL FUNDS AVAILABLE $34,426,868
EXPENDITURES
CAPITAL IMPROVEMENT PROGRAM & OTHER EXPENDITURES
Ongoing CIP Project Commitments 2,610,571
Other Project Assignments 13,354,414
Proposed Project Commitments 9,961,883 $25,926,868
TOTAL EXPENDITURES $25,926,868
ESTIMATED RESTRICTED FUND BALANCE SEPTEMBER 30, 2024 $8,500,000
