Page 28 - CityofKennedaleFY25AdoptedBudget

These charts provide a comparative view with the prior year actuals, current year estimates,
and current year budget. The columns are based on a Fiscal Year (FY) that runs from October 1
through September 30 of each year, rather than the calendar year. For example, references to
FY23 refer to activity between October 1, 2022, and September 30, 2023, and references to
FY24 refer to the time frame October 1, 2023, through September 30, 2024. Additionally, the
amount of fund balance at the beginning and end of each period is shown at the bottom of all
activity for each fund.

Within this document, you will see account codes. The first 2 digits represent the fund, the next
4 digits represent the object, the next 2 digits represent the department, and the last 2 digits
represent the program.

A sample account code of 83-5290-01-00 EXPENDABLE SUPPLY would be for fund 83 -- Tree
Restoration Fund, Object 5290 Expendable Supplies, department 01 and no program.

A list of the funds is as follows:

01 General Fund 15 EDC 35 Disaster Recovery
02 Debt Service 16 Court Technology 40 Grants
04 Capital Projects 18 Juvenile Cash Manager 41 Park and Other Donations

05 Capital Replacement 21 TIF #1 New Hope 45 Roadway Impact Fee
07 Stormwater Utility 30 Hotel/Motel Tax 61 Water Impact Fee
10 Water/Sewer 31 Police Seizure 62 Sewer Impact Fee

12 Court Security 32 Library Building 83 Tree Restoration
13 Capital Bond 34 LEOSE Police Training 85 Unclaimed Property
14 Park Dedication

The object code represents the type of revenue, incoming transfer, expense, or outgoing transfer. The
list of object codes are in the appendix of this document.

BUDGET PROCESS/TIMING

The development of the Annual Budget is governed by formal policies, accepted practices, and
the City’s budget principles – foremost of which is a balanced budget where revenue is equal to
or greater than operating expenses, with unassigned fund balance being utilized for one-time
capital purchases or street repair. The budget process is designed to meet the needs of the
community by allocating sufficient resources to support the planning and implementation of
services, programs, and objectives. The budget is built with the following purposes in mind:

CITYOFKENNEDALE.COM/BUDGET 28