Page 196 - CITY OF AZLE, TEXAS

CITY OF AZLE
STREET MAINTENANCE FUND
FY 2024-25

The Street Maintenance Fund was established to account for a ¼-cent sales tax increase approved by voters in
February 2003. The purpose of the sales tax is to fund the maintenance and repairs of streets that were in existence
at the time the tax was adopted.
The fund is accounted for on a modified accrual basis of accounting. Revenues are recorded when available and
measurable. Expenditures are recorded when the liability is incurred.

Street Maintenance Fund Summary

Actual Actual Actual Budget Estimated Proposed CM Rec'd Approved
2020-21 2021-22 2022-23 2023-24 2023-24 2024-25 2024-25 2024-25

Beginning Balance 793,648 1,014,854 1,332,464 864,993 864,993 332,493 332,493 332,493
Plus: Fund Revenue
Sales Tax 667,181 725,645 829,530 775,000 830,000 830,000 830,000 830,000
Interest 592 5,031 47,077 25,000 38,500 30,000 30,000 30,000
Total Resources Available 1,461,421 1,745,530 2,209,070 1,664,993 1,733,493 1,192,493 1,192,493 1,192,493
Less: Fund Expenditures
Reclamation Projects 394,950 313,586 1,158,391 1,201,000 1,201,000
S Stewart Street 1,000,000 1,000,000 1,000,000

Misc. Street Overlay 30,666 80,585 82,373 150,000 150,000 100,000 100,000 100,000

Misc. Maintenance 20,951 18,895 103,313 50,000 50,000 30,000 30,000 30,000

Total Fund Expenditures 446,567 413,066 1,344,077 1,401,000 1,401,000 1,130,000 1,130,000 1,130,000
Ending Fund Balance 1,014,854 1,332,464 864,993 263,993 332,493 62,493 62,493 62,493

City of Azle FY 2024-2025 Budget 185