Page 84 - KennedaleFY24AdoptedBudget

OVERVIEW: WATER IMPACT FEE AND SEWER IMPACT FEE FUNDS

Each of these funds, Water Impact (61) and Sewer Impact (62), receive revenue from fees
associated with new development. Expenditures are tied to projects within the scope of each
fund and can be used to pay related debt through a transfer to the appropriate fund, typically
the Water/Sewer Fund (10).

FUND 61 - WATER IMPACT FUND

Account Description FY22 Actual FY23 Budget FY23 Est Actuals FY24 Budget
61-4201-00-00 DRAINAGE FEES 60,702 60,000 12,961 56,252
61-4401-00-00 INVESTMENT INCOME 711 100 2,500 2,500
TOTAL REVENUES $ 61,413 $ 60,100 $ 15,461 $ 58,752

Account Description FY22 Actual FY23 Budget FY23 Est Actuals FY24 Budget

61-5580-00-00 ENGINEERING SERVICES - 50,000 - -
TOTAL EXPENDITURES $ - $ 50,000 $ - $ -

REVENUES OVER (UNDER) EXPENDITURES $ 61,413 $ 10,100 $ 15,461 $ 58,752

Account Description FY22 Actual FY23 Budget FY23 Est Actuals FY24 Budget
61-5710-00-00 TRANSFER OUT - W/S FUND - (30,000) (30,000) (30,000)
TOTAL OTHER FINANCING SOURCES (USES) $ - $ (30,000) $ (30,000) $ (30,000)

NET CHANGE IN FUND BALANCE $ 61,413 $ (19,900) $ (14,539) $ 28,752

BEGINNING FUND BALANCE — OCT 1 $ 48,259 $ 109,672 $ 109,672 $ 95,132
ENDING FUND BALANCE — SEPT 30 $ 109,672 $ 89,772 $ 95,132 $ 123,884

FUND 62 - SEWER IMPACT FUND
Account Description FY22 Actual FY23 Budget FY23 Est Actuals FY24 Budget

62-4201-00-00 DRAINAGE FEES 73,564 70,000 10,766 107,748
62-4201-00-00 INVESTMENT INCOME 1,293 600 3,600 3,600
TOTAL REVENUES $ 74,857 $ 70,600 $ 14,366 $ 111,348

Account Description FY22 Actual FY23 Budget FY23 Est Actuals FY24 Budget

62-5580-00-00 ENGINEERING SERVICES 50,000 - -
TOTAL EXPENDITURES $ - $ 50,000 $ - $ -

REVENUES OVER (UNDER) EXPENDITURES $ 74,857 $ 20,600 $ 14,366 $ 111,348

Account Description FY22 Actual FY23 Budget FY23 Est Actuals FY24 Budget

62-5710-00-00 TRANSFER OUT- W/S FUND (60,000) (60,000) (60,000) (60,000)
TOTAL OTHER FINANCING SOURCES (USES) $ (60,000) $ (60,000) $ (60,000) $ (60,000)

NET CHANGE IN FUND BALANCE $ 14,857 $ (39,400) $ (45,634) $ 51,348

BEGINNING FUND BALANCE — OCT 1 $ 170,067 $ 184,924 $ 184,924 $ 139,290
ENDING FUND BALANCE — SEPT 30 $ 184,924 $ 145,524 $ 139,290 $ 190,638

CITYOFKENNEDALE.COM/BUDGET 81