Page 201 - CITY OF AZLE, TEXAS

CITY OF AZLE
TREE REFORESTATION FUND
FY 2024-25

The Tree Reforestation Fund was established to properly account for the receipt of payments in lieu of
compliance with the City's tree preservation ordinance. Voluntary contributions for tree planting shall also
be placed in the reforestation fund. The funds shall be used for purchasing, planting, transplanting, and
maintaining trees for a period of three years on public property, including public and/or capital improvement
projects, street beautification projects, or for acquiring and preserving wooded property. Other eligible uses
of reforestation funds shall be to support programs for the public purpose of increasing the tree canopy
within the City and/or educating citizens and developers on the preservation, care, and maintenance of
trees.
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.

Tree Reforestation 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 - - - - - 31,470 31,470 31,470

Plus: Fund Revenue
Mitigation Fees - - - - 31,440 - - -
Interest - - - - 30 100 100 100
Total Resources Available - - - - 31,470 31,570 31,570 31,570
Less: Fund Expenditures
Tree Reforestation - - - - - 28,000 28,000 28,000
Total Fund Expenditures - - - - - 28,000 28,000 28,000

Fund Balance - - - - 31,470 3,570 3,570 3,570

City of Azle FY 2024-2025 Budget 190