Page 35 - Proposed budget cover and insert sheets
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CITY OF HURST
FY 2024-2025 PROPOSED BUDGET
SPECIAL PROJECTS CAPITAL FUND
REVENUES AND EXPENSES
The Special Projects Fund was created as a funding source for relatively expensive and non-recurring capital
projects and capital equipment not included in the maintenance and operations budget of City
departments. Funding is provided by transfers primarily from the annual General Fund savings. All
expenditures from this fund must be authorized by the City Manager or the Hurst City Council. The Special
Projects Fund allows for pay-as-you-go purchases to minimize the level of tax-supported debt.
ESTIMATED FUND BALANCE OCTOBER 1, 2024 $31,370,000
Policy Reserve $8,500,000
Other Reserves, Commitments and Assignments 22,870,000 $31,370,000
REVENUES
Interest Earnings $1,254,800
FY 24 Year End Transfer 2,500,000 $3,754,800
TOTAL FUNDS AVAILABLE $35,124,800
EXPENDITURES
CAPITAL IMPROVEMENT PROGRAM & OTHER EXPENDITURES
Project Commitments 233,054
Approved Capital Projects 4,058,347
Other Project Assignments 28,777,213
Proposed Project Commitments 2,056,186 35,124,800
TOTAL PROJECT EXPENDITURES, COMMITMENTS, & OTHER ASSIGNMENTS 35,124,800
