Page 63 - FY 24 Budget Forecast at Adoption.xlsx

Transfers to other funds: FY 2023-24 Budget $2,865,667
% of Fund Expenditures 6.5 %

Compared to $ Growth % Growth
FY 2022-23 Budget $(3,650,000) (56.0) %
FY 2022-23 Projection $(3,650,000) (56.0) %

Transfers to other funds reflects the annual Facility Equipment Replacement Fund transfer from the
General Fund for $243,067, the annual Recreation Special Revenue transfer for $97,600, and the transfer
to capital project funds for the General Fund cash funding of various capital projects. For FY 2023-24,
the General Fund will fund Pavement markings for $700,000, Old Town Keller/Elm St project for
$680,000, Mt. Gilead reconstruction for $512,500, Sidewalk repairs for $302,500, Signal Modifications
for $200,000, and Tarrant Pkwy right turn dedications for $100,000. For FY 2022-23, the General Fund
funded the Mt. Gilead (US 377 to Bourland) Reconstruction & Roundabout Project for $2,500,000,
Whitley Road overlay for $1,500,000, Bear Creek Bridge Erosion project for $400,000, and sidewalk
repairs/reconstruction for $275,000.

Capital Outlay: FY 2023-24 Budget $ 47,600
% of Fund Expenditures 0.1 %

Compared to $ Growth % Growth
FY 2022-23 Budget $ (229,618) (82.8) %
FY 2022-23 Projection $ (334,618) (87.5) %

Capital outlay includes expenditures for new assets, or replacements or improvements to existing assets
over $5,000 and anticipated useful life over one year. Capital outlay expenditures for FY 2023-24 are
$47,600 for the outdoor warning siren replacement. The FY 2022-23 budget included the one-time
purchase of fire radios of $324,618, an outdoor warning siren replacement for $42,600, and $15,000 for
outdoor warning system control replacement.

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