Page 92 - KennedaleFY24AdoptedBudget
P. 92
OVERVIEW: ROADWAY IMPACT FEE FUND
Similar to other impact fee funds, the Roadway Impact Fee Fund (45) is funded primarily with
new development fees and used to fund related projects. For FY24, transfers to cover a portion
of Certificates of Obligation issued in 2007 (Fund 10) and TIRZ projects (Fund 21) are scheduled
to continue in the same amounts as FY23.
FUND 45- ROADWAY IMPACT FUND
Account Description FY22 Actual FY23 Budget FY23 Est Actuals FY24 Budget
45-4215-00-00 IMPACT FEES 114,170 100,000 31,827 130,695
45-4401-00-00 INVESTMENT INCOME 3,099 300 11,000 11,000
TOTAL REVENUES $ 117,270 $ 100,300 $ 42,827 $ 141,695
Account Description FY22 Actual FY23 Budget FY23 Est Actuals FY24 Budget
45-5582-01-00 IMPACT FEE STUDY - - -
TOTAL EXPENDITURES $ - $ - $ - $ -
REVENUES OVER (UNDER) EXPENDITURES $ 117,270 $ 100,300 $ 42,827 $ 141,695
Account Description FY22 Actual FY23 Budget FY23 Est Actuals FY24 Budget
45-5711-00-00 TRANSFER OUT - WATER (127,525) (97,525) (97,525) (97,525)
45-5798-00-00 TRANSFER OUT-TIF #1 (10,000) (10,000) (10,000) (10,000)
TOTAL OTHER FINANCING SOURCES (USES) $ (137,525) $ (107,525) $ (107,525) $ (107,525)
NET CHANGE IN FUND BALANCE $ (20,255) $ (7,225) $ (64,698) $ 34,170
BEGINNING FUND BALANCE — OCT 1 $ 643,859 $ 623,604 $ 623,604 $ 558,906
ENDING FUND BALANCE — SEPT 30 $ 623,604 $ 616,379 $ 558,906 $ 593,076
CITYOFKENNEDALE.COM/BUDGET 89
