Page 203 - CITY OF AZLE, TEXAS

CITY OF AZLE
CAPITAL PROJECTS FUND

The Capital Projects Fund accounts for the acquisition of and construction of major capital
facilities and equipment. These projects are financed with resources allocated to the Capital
Projects Fund and with proceeds from general obligation bond and certificate of obligation sales.

The fund is accounted for on the modified accrual basis of accounting. Revenues are recorded
when available and measurable, and expenditures are recorded when the liability is incurred.

Capital Projects Fund Summary

Proposed CM Rec'd Approved
FY 2024-25 FY 2024-25 FY 2024-25

Funding Resources - Beginning Balance
Prior Year Transfer from General Fund 3,658,000 3,658,000 3,658,000
Gas Well Royalties 120,106 120,106 120,106
MDD Projects 148,629 148,628 148,628
2024 Certificates of Obligation 6,000,000 6,000,000 6,000,000
Total Beginning Resources 9,926,735 9,926,734 9,926,734
Plus: Revenues
Tarrant County Project Participation 2,817,500 2,817,500 2,817,500
Gas Well Royalties 25,000 25,000 25,000
Transfer from General Fund 2,000,000 2,000,000 2,000,000
Transfer from MDD Fund 44,000 44,000 44,000
Total Revenues 4,886,500 4,886,500 4,886,500
Less: Expenditures
Dunaway Lane Reconstruction 8,500,000 8,500,000 8,500,000
Central Park Trail Improvement and 225,000 225,000 225,000
Extension

Total Expenditures 8,725,000 8,725,000 8,725,000

Ending Balance
2024 Certificates of Obligation 317,500 317,500 317,500
Tarrant County Project Participation - - -
Prior Year Transfer from General Fund 5,658,000 5,658,000 5,658,000
Gas Well Royalties - - -
MDD Projects 112,735 112,734 112,734
Total 6,088,235 6,088,234 6,088,234

City of Azle FY 2024-2025 Budget 192