Page 105 - CityofKennedaleFY25AdoptedBudget

OVERVIEW: DISASTER RECOVERY FUND

The Disaster Recovery Fund (35) tracks transactions related to the American Rescue Plan Act of
2021 (ARPA). All remaining funds are allocated for use in two water storage projects: an
upgrade to the ground-level storage tank near Kennedale High School to 750,000 gallons
(anticipated completion before 10/1/2025), and a renovation of the elevated storage tank near
the intersection of Dick Price Road and Linda Road (anticipated completion before 10/1/2026).

FUND 35 DISASTER RECOVERY FUND
Account Description FY23 Actual FY24 Budget FY24 Projected FY25 Budget
35-4085-00-00 CARES ACT FUNDING 190,983 1,950,000 71,283 1,250,000
35-4401-00-00 INVESTMENT INCOME 63,388 41,000 78,103 50,000
TOTAL REVENUES $ 254,371 $ 1,991,000 $ 149,386 $ 1,300,000

Account Description FY23 Actual FY24 Budget FY24 Projected FY25 Budget
35-5241-01-00 PUBLIC SAFETY MEASURE - 89,300 -
35-5291-01-00 GRANT FUNDED SUPPLIES -
35-5292-01-00 MEDICAL SUPPLIES -
35-5441-01-00 OTHER ECONOMIC EXPENSE 658
35-5443-01-00 TELEWORK -
35-5444-01-00 COMMUNICATION AND ENFORCEMENT -
35-5446-01-00 WATER/SEWER PROJECTS 190,984 1,950,000 71,283 1,250,000
35-5555-01-00 COVID PAYROLL EXPENS -
TOTAL EXPENDITURES $ 191,642 $ 2,039,300 $ 71,283 $ 1,250,000

NET CHANGE IN FUND BALANCE $ 62,728 $ (48,300) $ 78,103 $ 50,000
BEGINNING FUND BALANCE — OCT 1 $ 7,300 $ 70,028 $ 70,028 $ 148,131
ENDING FUND BALANCE — SEPT 30 $ 70,028 $ 21,728 $ 148,131 $ 198,131

CITYOFKENNEDALE.COM/BUDGET 105