Page 111 - CityofKennedaleFY25AdoptedBudget

OVERVIEW: GRANTS FUND

The Grants Fund (40) will house funding and track expenditures for grants awarded to the City.
As most grants function as cost reimbursable agreements (funding isn’t received until an
expenditure has taken place and proper documentation has been provided to the granting
agency), this fund is expected to have a $0 balance over time. Previously, grant revenues and
expenditures were tracked in the General Fund (01).

FUND 40 GRANTS
Account Description FY23 Actual FY24 Budget FY24 Projected FY25 Budget
40-4086-00-00 POLICE DEPARTMENT GRANTS - 20,000 20,505
40-4095-00-00 LIBRARY GRANTS - 10,266
40-4098-00-00 FIRE DEPARTMENT GRANTS 655,000 655,000
40-4401-00-00 INVESTMENT INCOME - - 65 65
TOTAL REVENUES $ - $ 675,000 $ 685,836 $ 65

Account Description FY23 Actual FY24 Budget FY24 Projected FY25 Budget
40-5291-09-01 GRANT FUNDED SUPPLIES-POLICE - 20,000 20,505
40-5291-10-00 GRANT FUNDED SUPPLIES-FIRE - 655,000 655,000
40-5291-17-00 GRANT FUNDED SUPPLIES-LIBRARY - 10,266
TOTAL EXPENDITURES $ - $ 675,000 $ 685,771 $ -

NET CHANGE IN FUND BALANCE $ - $ - $ 65 $ 65

BEGINNING FUND BALANCE — OCT 1 $ - $ - $ - $ 65
ENDING FUND BALANCE — SEPT 30 $ - $ - $ 65 $ 130

CITYOFKENNEDALE.COM/BUDGET 111