Page 195 - CITY OF AZLE, TEXAS

SPECIAL PURPOSE FUNDS – IN BRIEF

REVENUES

Street Maintenance Fund revenue is projected at $860,000 including interest earnings. This
represents an increase of $60,000 from the FY 2023-24 budget. The increase is based on
recent trends in sales tax collections and interest earnings. The projected revenue added to the
projected beginning balance of $332,493 provides $1,192,493 for various street reclamation
and overlay projects in the coming year.

Revenues in the Court Security Fund are estimated for the year at $13,000 which is an increase
of $1,000 from the FY 2023-24 budget. $1,000 in interest revenue is also budgeted.

Court Technology Fund revenue is projected at $11,000 which is an increase of $1,000 from the
FY 2023-24 budget. $600 in interest revenue is also budgeted.

Hotel/Motel Tax Fund projected revenue is projected at $35,500 including interest earnings.
Revenue projections are based on the previous year’s occupancy rates.

Cable PEG Fee Capital Projects Fund projected revenue for FY 2023-24 is $20,200 including
interest revenue.

The Tree Reforestation Fund is new to the budget this year. The fund was established to
properly account for the receipt of payments in lieu of compliance with the City’s tree
preservation ordinance. The beginning balance of the fund is $31,470 and interest revenue of
$100 is projected for FY 2024-25.

EXPENDITURES

Street Maintenance Fund expenditures are projected at $1,130,000 for the reclamation of South
Stewart Street and various other street maintenance throughout the City. The ending balance
of the fund is projected at $62,493. This represents a $270,000 (81.2%) reduction in fund
balance and is not expected to negatively impact operations.

Court Security Fund expenditures are projected at $7,500 to cover overtime pay for police
officers who act as bailiff during court proceedings.

Court Technology Fund expenditures are projected at $18,000 to cover computer system fees.

No expenditures are proposed in the Hotel/Motel Tax Fund for the coming fiscal year.

No expenditures are proposed in the Cable PEG Fee Capital Projects Fund for the coming fiscal
year.

Tree Reforestation Fund expenditures are projected at $28,000 to fund tree reforestation
activities.

City of Azle FY 2024-2025 Budget 184