Page 76 - FY 24 Budget Forecast at Adoption.xlsx

Street and Sidewalk Improvements Fund

FY 2023-24 Revenues $ 2,356,897
Compared to $ Growth % Growth
FY 2022-23 Budget $ 246,342 11.7 %
FY 2022-23 Projection $ 17,291 0.7 %

FY 2023-24 Expenditures $ 2,605,414
Compared to $ Growth % Growth
FY 2022-23 Budget $ 495,414 23.5 %
FY 2022-23 Projection $ 495,414 23.5 %

Revenues – Expenditures $ (248,517)

The Street and Sidewalk Improvements Fund is used for reoccurring street and sidewalk maintenance
throughout the city. The fund is supported by a local sales tax option most recently reauthorized by the
voters in November 2019. Beginning in FY 2015-16, street maintenance funds were transferred to capital
projects to reflect project-life budgeting. For FY 2023-24, the fund will transfer $2,345,414 for Future
Street Reconstructions Projects, and $250,000 for Bancroft/Spring Branch Reconstruction. In FY 2022-
23, the fund had transferred $2,100,000 for the 2023 Street Reconstruction Project.

Miscellaneous Other Operating Funds

Other special revenue funds account for 1.6% of operating revenues and operating expenditures. A
description and breakdown of each fund is available under the Special Revenue section.

FY 2023-24 FY 2023-24 Revenues -
Other Special Revenue Funds Revenues Expenditures Expenditures
Fleet Replacement $1,895,186 $2,535,461 $(640,275)
Facility Replacement 263,487 760,553 (497,066)
Parks & Rec Special Revenue 375,779 378,662 2,883
TIRZ #2 310,626 - 310,626
PEG Fee 88,676 135,000 (46,324)
Court Special Revenue 56,197 55,466 731
Community Clean-Up 42,182 38,100 4,082

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