Page 30 - Proposed budget cover and insert sheets
P. 30
CITY OF HURST
FY 2024-2025 PROPOSED BUDGET
HURST PUBLIC FACILITY CORPORATION
REVENUES AND EXPENDITURES
The Hurst City Council created the Hurst Public Facility Corporation (PFC) in 2019 to facilitate the
construction and management of affordable housing units reserved for senior citizens in Hurst. The PFC
was created under State Law which provides for a broad tax benefit to the private partner operating the
housing units. Through the PFC, the City of Hurst recieves an annual payment from the private partner.
ESTIMATED FUND BALANCE OCTOBER 1, 2024 $541,000
REVENUES
Partnership Payments $50,000
TOTAL REVENUES $50,000
TOTAL FUNDS AVAILABLE $591,000
EXPENDITURES
General Fund Support 40,000
Accounting Services 10,000
TOTAL EXPENDITURES $50,000
FUND BALANCE AS OF SEPTEMBER 30, 2025 $541,000
