Page 15 - CITY OF AZLE, TEXAS
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General Fund
Revenues
The proposed General Fund budget provides for total estimated revenues of $16,772,759
during FY 2024-25. This reflects an increase of $15,876 (.00095%), of which $580,000 is grant
revenue from Tarrant County (via their American Rescue Plan Act (ARPA) funds) which was
included in the FY 2023-24 budget for an ambulance. Transfers in the amount of $1,314,877
bring total available revenues for operations to $18,087,636.
General Fund revenue from current ad valorem taxes is projected to be $8,933,009 in FY 2024-
25.
Sales tax revenue is estimated at $3,380,000 in FY 2024-25. This estimate is based on recent
trends in sales tax collections.
New construction building permits are estimated to be $300,000 for FY 2024-25 which is
$100,000 less than the amended FY 2023-24 budget.
Franchise fees are projected at $760,000 which is the same amount as the FY 2023-24 budget.
Court fees are anticipated to be $550,000 in FY 2024-25 which is $70,000 more than the
anticipated amount for FY 2023-24.
Within the General Fund, ad valorem taxes, sales taxes, franchise fees, ambulance and fire
fees, court fees and development fees account for 87.83% of the total revenue.
Expenditures
The General Fund expenditure budget for FY 2024-25 is $18,268,270. The proposed amount
reflects an increase of $340,360 (1.90%) from the FY 2023-24 amended budget. Including
transfers in from other funds, revenues are projected to be $180,634 below expenditures before
transfers to other funds and is driven by one-time capital expenditures in the amount of
$919,000. The projected ending fund balance is $6,463,580 or 35.4% of projected expenses
which is above the Council’s goal of maintaining a 33% fund balance.
Debt Service Fund
Total debt service for outstanding obligations is $1,388,946. Along with Agent Fees, the total
debt service cost is $1,390,946. To finance this debt obligation, the budget provides for
estimated ad valorem taxes of $1,369,946, delinquent tax revenue, penalties & interest of
$8,000, and interest income of $13,000. A fund balance of $114,122 is projected for the end of
FY 2024-25. Again, the I&S portion of the tax rate is proposed at $0.0816528.
Utility Fund
Revenues
Total Utility Fund revenues of $10,249,100 have been projected for FY 2024-25. This reflects a
decrease of $824,536 over the FY 2023-24 budget. The water and sewer rates are proposed to
remain unchanged for FY 2024-25.
City of Azle FY 2024-2025 Budget 5
