Page 205 - CITY OF AZLE, TEXAS

CITY OF AZLE
WATER AND SEWER CAPITAL PROJECTS FUND

The Water and Sewer Capital Projects Fund is used to account for the acquisition of and construction of major
capital facilities and equipment used for the operation and maintenance of the City's water and sewer system.
These projects are financed primarily with proceeds from revenue bonds and certificates of obligation.
The fund is accounted for on the accrual basis of accounting. Revenues are recorded when measurable and
earned and expenses are recognized when a good or service is used.
Water and Sewer Capital Projects Fund Summary
Proposed CM Rec'd Approved
FY 2024-25 FY 2024-25 FY 2024-25
Funding Resources
Unrestricted Funding (UR)
Transfer from the Utility Fund 450,000 450,000 450,000
Prior Year Transfer from the Utility Fund 500,000 500,000 500,000
Excess Bond Reserve Funds 586,800 586,800 586,800
2017 SWIFT Fund Bond Issuance Proceeds 210,000 210,000 210,000
Restricted Funding
Impact Fees - Water (IF-W) 2,308,000 2,308,000 2,308,000
Impact Fees - Sewer (IF-S) 2,273,954 2,273,954 2,273,954
Total Resources 6,328,754 6,328,754 6,328,754
Less: Fund Expenses

FM 730 Elevated Storage Tank Rehab UR 395,000 395,000 395,000

Walnut Creek Lift Station Upgrade UR/RF 900,000 900,000 900,000
Walnut Creek Force Main Upgrade UR/RF 1,500,000 1,500,000 1,500,000

Avondale Lift Station Upgrade CDBG Project UR 50,000 50,000 50,000

Total Fund Expenditures
Unrestricted Funding 1,345,000 1,345,000 1,345,000
Impact Fees - Water (IF-W) - - -
Impact Fees - Sewer (IF-S) 1,500,000 1,500,000 1,500,000
Total 2,845,000 2,845,000 2,845,000
Ending Balance
Transfer from the Utility Fund 55,000 55,000 55,000
Prior Year Transfer from the Utility Fund 50,000 50,000 50,000
Excess Bond Reserve Funds 86,800 86,800 86,800
2017 SWIFT Fund Bond Issuance Proceeds 210,000 210,000 210,000
Impact Fees - Water (IF-W) 2,308,000 2,308,000 2,308,000
Impact Fees - Sewer (IF-S) 773,954 773,954 773,954
Total 3,483,754 3,483,754 3,428,754

City of Azle FY 2024-2025 Budget 194