McKinney Texas Form 8752 2024-2025

McKinney Texas Form 8752: What You Should Know

The proposed budget includes 24,400,000 in capital expenditures for public purposes. The budget does not include 5 million of other funds or funds which may or may not be included in the proposed budget. In the budget, these non-capital expenditures were identified as  “Other capital appropriations”.  There was a supplemental or supplemental to the public purposes budget provided in  this document.  In the supplemental to the public purposes budget, 1,400,000 was included in the General fund appropriation for the cost of this supplemental. This supplemental is  described in page 2 or paragraph D. 2. Special Capital appropriations, which are provided by the General Fund in the  General Fund appropriation for specific capital purposes, would not be budgeted to be included  in this budget. The following is an outline of the amount of other non-capital expenses identified in the  budget as “Other capital appropriations”. Budgeted Other Capital appropriations are classified under the following heading.   Other non-capital expenditures are classified into five categories.  Category 1: Capital investment for general purposes. Budgeted capital allocations in category 1 consist of capital investments that meet the following criteria: a) the investment is for a public purpose and b) the public purpose is consistent with the capital's use. Category 1 capital investments are the investments for which capital allocations are approved by the Board of Directors, except they would not be budgeted as part of this budget. Category 2: Capital investment for specific programs. Budgeted capital allocations in category 2 consist of capital investments for specific programs. These investments are identified as such based on specific details to be provided in the budget. Category 2 capital investments are the investments for which capital allocations are approved by the Board of Directors in order to support specific projects as provided in the General Fund appropriation for the purposes of funding this investment. Category 3: Capital expenditures for special purpose. These are capital expenditures that are not budgeted for category 1 in order to provide specific support for specific programs or activities. Category 4: Capital expenditure for general capital purposes. These are capital expenditures that are budgeted for category 1 as part of the General Fund appropriation. They are capital investments consistent with the purpose of this budget at the time they are approved by the General Fund Board of Directors.

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