Page 95 - CityofKennedaleFY25AdoptedBudget
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OVERVIEW: CAPITAL BOND FUND
The Capital Bond Fund (13) receives proceeds from bonds and records the project expense
associated with the bond proceeds. Projects in this fund are independent from those recorded
in the Water/Sewer Fund (10). In August 2023, Certificates of Obligation were issued for
projects related to water/sewer improvements and street improvements. From that, $2.4
million has been allocated to this Fund related to upcoming street repairs. Expenses related to
bond issuance and administration are included in the Debt Service Fund.
FUND 13 CAPITAL BOND
Account Description FY23 Actual FY24 Budget FY24 Projected FY25 Budget
13-4401-00-00 INVESTMENT INCOME 241,125 173,250 356,559 356,600
13-4098-00-00 FIRE DEPARTMENT GRANT 165,000 - -
13-4904-00-00 2021 CERTIFICATES OF - -
13-4905-00-00 2023 C/O Series A 2,400,000 - -
TBD 2024 G/O 3,000,000
TBD 2024 C/O 11,000,000
TOTAL REVENUES $ 2,806,125 $ 173,250 $ 14,356,559 $ 356,600
Account Description FY23 Actual FY24 Budget FY24 Projected FY25 Budget
13-5261-01-00 C.O. ISSUANCE COST 150,000 - -
13-5550-01-00 STREET IMPROVEMENTS 622,386 5,400,000 42,553 1,500,000
13-5850-08-00 TXDOT BRIDGE PROJECT 179,919 - 38,906 -
13-5851-09-00 SAFE ROUTES TO SCHOOL - 77,475 -
13-5854-10-00 COLLETT SUBLET 38,155 1,045,000 1,045,000 -
13-5859-11-00 VALLEY LANE 164,636 173,295 83,321 -
13-5867-11-00 AMBULANCE SUPPLIES/EQUIPMENT - - -
13-5910-11-00 FIRE & POLICE VEHICLES 780,032 - - -
13-5911-11-00 NEW HOPE ROAD 210,812 - - 900,000
13-5912-11-00 WEST 3RD STREET RECO 45,500 87,521 -
TBD PARKS 1,500,000
TBD PUBLIC SAFETY REMODEL - - 8,379,097
TOTAL EXPENDITURES $ 2,041,439 $ 6,768,295 $ 1,374,776 $ 12,279,097
REVENUES OVER (UNDER) EXPENDITURES $ 764,686 $ (6,595,045) $ 12,981,783 $ (11,922,497)
NET CHANGE IN FUND BALANCE $ 764,686 $ (6,595,045) $ 12,981,783 $ (11,922,497)
BEGINNING FUND BALANCE — OCT 1 $ 8,057,939 $ 8,822,625 $ 8,822,625 $ 21,804,408
ENDING FUND BALANCE — SEPT 30 $ 8,822,625 $ 2,227,580 $ 21,804,408 $ 9,881,911
CITYOFKENNEDALE.COM/BUDGET 95
