Page 92 - CityofKennedaleFY25AdoptedBudget

OVERVIEW: WATER IMPACT FEE AND SEWER IMPACT FEE FUNDS

Each of these funds, Water Impact (61) and Sewer Impact (62), receives revenue from fees
associated with new development. Expenditures are tied to projects within the scope of each
fund and can be used to pay related debt through a transfer to the appropriate fund, typically
the Water/Sewer Fund (10).

FUND 61 - WATER IMPACT FUND
Account Description FY23 Actual FY24 Budget FY24 Projected FY25 Budget
61-4201-00-00 DRAINAGE FEES 15,228 56,252 19,004 20,000
61-4401-00-00 INVESTMENT INCOME 3,620 2,500 4,019 4,100
TOTAL REVENUES $ 18,848 $ 58,752 $ 23,023 $ 24,100

Account Description FY23 Actual FY24 Budget FY24 Projected FY25 Budget
61-5580-00-00 ENGINEERING SERVICES - - - -
TOTAL EXPENDITURES $ - $ - $ - $ -

REVENUES OVER (UNDER) EXPENDITURES $ 18,848 $ 58,752 $ 23,023 $ 24,100

Account Description FY23 Actual FY24 Budget FY24 Projected FY25 Budget
61-5710-00-00 TRANSFER OUT - W/S FUND (30,000) (30,000) (30,000) (30,000)
TOTAL OTHER FINANCING SOURCES (USES) $ (30,000) $ (30,000) $ (30,000) $ (30,000)

NET CHANGE IN FUND BALANCE $ (11,152) $ 28,752 $ (6,977) $ (5,900)

BEGINNING FUND BALANCE — OCT 1 $ 109,672 $ 98,520 $ 98,520 $ 91,543
ENDING FUND BALANCE — SEPT 30 $ 98,520 $ 127,272 $ 91,543 $ 85,643

FUND 62 - SEWER IMPACT FUND
Account Description FY23 Actual FY24 Budget FY24 Projected FY25 Budget
62-4201-00-00 DRAINAGE FEES 13,806 107,748 22,013 25,000
62-4201-00-00 INVESTMENT INCOME 5,482 3,600 5,626 5,700
TOTAL REVENUES $ 19,289 $ 111,348 $ 27,639 $ 30,700

Account Description FY23 Actual FY24 Budget FY24 Projected FY25 Budget
62-5580-00-00 ENGINEERING SERVICES - - -
TOTAL EXPENDITURES $ - $ - $ - $ -

REVENUES OVER (UNDER) EXPENDITURES $ 19,289 $ 111,348 $ 27,639 $ 30,700

Account Description FY23 Actual FY24 Budget FY24 Projected FY25 Budget
62-5710-00-00 TRANSFER OUT- W/S FUND (60,000) (60,000) (60,000) (60,000)

TOTAL OTHER FINANCING SOURCES (USES) $ (60,000) $ (60,000) $ (60,000) $ (60,000)

NET CHANGE IN FUND BALANCE $ (40,712) $ 51,348 $ (32,361) $ (29,300)

BEGINNING FUND BALANCE — OCT 1 $ 184,924 $ 144,213 $ 144,213 $ 111,852
ENDING FUND BALANCE — SEPT 30 $ 144,213 $ 195,561 $ 111,852 $ 82,552

CITYOFKENNEDALE.COM/BUDGET 92