Page 112 - KennedaleFY24AdoptedBudget

OVERVIEW: GRANTS FUND

New for FY24, the Grants Fund (40) will house funding and track expenditures for grants
awarded to the City. As most grants function as cost reimbursable agreements (funding isn’t
received until an expenditure has taken place and proper documentation has been provided to
the granting agency), this fund is expected to have a $0 balance over time. Previously, grant
revenues and expenditures were tracked in the General Fund (01).

FUND 40 GRANTS
Account Description FY22 Actual FY23 Budget FY23 Est Actuals FY24 Budget

40-4086-00-00 POLICE DEPARTMENT GRANTS - - 20,000
40-4095-00-00 LIBRARY GRANTS - -
40-4098-00-00 FIRE DEPARTMENT GRANTS 655,000
TOTAL REVENUES $ - $ - $ - $ 675,000

Account Description FY22 Actual FY23 Budget FY23 Est Actuals FY24 Budget
40-5291-09-01 GRANT FUNDED SUPPLIES-POLICE - - 20,000
40-5291-10-00 GRANT FUNDED SUPPLIES-FIRE - - - 655,000
40-5291-17-00 GRANT FUNDED SUPPLIES-LIBRARY - - -
TOTAL EXPENDITURES $ - $ - $ - $ 675,000

NET CHANGE IN FUND BALANCE $ - $ - $ - $ -

BEGINNING FUND BALANCE — OCT 1 $ - $ - $ - $ -
ENDING FUND BALANCE — SEPT 30 $ - $ - $ - $ -

CITYOFKENNEDALE.COM/BUDGET 109