Page 98 - CityofKennedaleFY25AdoptedBudget
P. 98
OVERVIEW: ROADWAY IMPACT FEE FUND
Similar to other impact fee funds, the Roadway Impact Fee Fund (45) is funded primarily with
new development fees and used to fund related projects. For FY24, transfers to cover a portion
of Certificates of Obligation issued in 2007 (Fund 10) and TIRZ projects (Fund 21) are scheduled
to continue in the same amounts as FY24.
FUND 45- ROADWAY IMPACT FUND
Account Description FY23 Actual FY24 Budget FY24 Projected FY25 Budget
45-4215-00-00 IMPACT FEES 37,988 130,695 38,000 40,000
45-4401-00-00 INVESTMENT INCOME 15,687 11,000 16,143 16,200
TOTAL REVENUES $ 53,675 $ 141,695 $ 54,143 $ 56,200
Account Description FY23 Actual FY24 Budget FY24 Projected FY25 Budget
45-5582-01-00 IMPACT FEE STUDY - 111,077 -
TOTAL EXPENDITURES $ - $ - $ 111,077 $ -
REVENUES OVER (UNDER) EXPENDITURES $ 53,675 $ 141,695 $ (56,934) $ 56,200
Account Description FY23 Actual FY24 Budget FY24 Projected FY25 Budget
45-5711-00-00 TRANSFER OUT - WATER (97,525) (97,525) (97,525) (97,525)
45-5798-00-00 TRANSFER OUT-TIF #1 (10,000) (10,000) (10,000) (10,000)
TOTAL OTHER FINANCING SOURCES (USES) $ (107,525) $ (107,525) $ (107,525) $ (107,525)
NET CHANGE IN FUND BALANCE $ (53,850) $ 34,170 $ (164,459) $ (51,325)
BEGINNING FUND BALANCE — OCT 1 $ 623,604 $ 569,754 $ 569,754 $ 405,295
ENDING FUND BALANCE — SEPT 30 $ 569,754 $ 603,924 $ 405,295 $ 353,970
CITYOFKENNEDALE.COM/BUDGET 98
