Page 111 - CityofKennedaleFY26AdoptedBudget

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 FY24 Actual FY25 Budget FY25 Projected FY26 Budget
13-4401-00-00 INVESTMENT INCOME 363,438 356,600 1,063,881 356,600
13-4887-00-00 CAPITAL PROJECT REIMBURSEMENT - - 898,303 -
13-4905-00-00 2024 G/O 3,000,000 - - -
13-4905-00-00 2024 C/O 11,000,000 - - -
TOTAL REVENUES $ 14,363,438 $ 356,600 $ 1,962,184 $ 356,600

Account Description FY24 Actual FY25 Budget FY25 Projected FY26 Budget
13-5261-01-00 C.O. ISSUANCE COST - - - -
13-5550-46-09 STREET IMPROVEMENTS 55,235 1,500,000 400,000 900,000
13-5850-42-09 TXDOT BRIDGE PROJECT 167,482 - 54,773 -
13-5851-43-09 SAFE ROUTES TO SCHOOL 1,165,064 - 468,651 -
13-5854-44-09 COLLETT SUBLET 1,664,339 - 666,105 -
13-5859-11-09 VALLEY LANE 439,225 - 42,029 -
13-5910-11-00 FIRE & POLICE VEHICLES - - - -
13-5911-11-09 NEW HOPE ROAD - 900,000 - 900,000
13-5912-11-09 WEST 3RD STREET RECO 87,521 - - -
TBD PARKS - 1,500,000 10,500 2,000,000
TBD PUBLIC SAFETY REMODEL - 8,379,097 4,189,549 4,189,549
TOTAL EXPENDITURES $ 3,578,867 $ 12,279,097 $ 5,831,606 $ 7,989,549

REVENUES OVER (UNDER) EXPENDITURES $ 10,784,571 $ (11,922,497) $ (3,869,422) $ (7,632,949)

NET CHANGE IN FUND BALANCE $ 10,784,571 $ (11,922,497) $ (3,869,422) $ (7,632,949)
BEGINNING FUND BALANCE — OCT 1 $ 8,822,625 $ 19,607,196 $ 19,607,196 $ 15,737,774
ENDING FUND BALANCE — SEPT 30 $ 19,607,196 $ 7,684,699 $ 15,737,774 $ 8,104,826

CITYOFKENNEDALE.COM/FINANCE 110