Page 181 - Colleyville FY19 Budget

COLLEYVILLE ECONOMIC DEVELOPMENT CORPORATION Exhibit A
ECONOMIC DEVELOPMENT CAPITAL IMPROVEMENT PROGRAM FY 2019 - FY 2023

Budget YE Proj. Proposed Projection Projection Projection Projection
FISCAL YEAR 2018 2018 2019 2020 2021 2022 2023
BEGINNING FUND BALANCE $4,105,189 $4,221,531 $3,752,384 $2,923,192 $2,499,818 $2,116,216 $1,727,952

REVENUES:
PROJECTED 1/2 CENT SALES TAX REVENUE $1,850,000 $1,870,000 $1,907,400 $1,926,474 $1,945,739 $1,965,196 $1,984,848
INTEREST INCOME $9,090 $9,181 $9,273 $9,365 $9,459 $9,554 $9,649
TOTAL REVENUE $1,859,090 $1,879,181 $1,916,673 $1,935,839 $1,955,198 $1,974,750 $1,994,497
EXPENDITURES:
ADMINISTRATIVE: $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000
DEBT SERVICE $594,704 $594,704 $602,176 $604,144 $600,752 $606,928 $602,672
PARKS:
WATER / WASTEWATER- MC PHERSON PARK $5,150 $5,305 $5,464 $5,628 $5,796 $5,970 $6,149
TECHNOLOGY - HARDWARE REPLACEMENT $0 $0 $6,800 $0 $0 $0 $0
LIBRARY:
PERSONNEL $288,713 $288,713 $380,592 $392,010 $403,770 $415,883 $428,360
OPERATIONS $6,456 $6,456 $6,586 $6,717 $6,852 $6,989 $7,128
TECHNOLOGY - SOFTWARE & MAINTENANCE CONTRACTS $19,306 $19,306 $19,692 $20,085 $20,487 $20,897 $21,315
TECHNOLOGY - HARDWARE REPLACEMENT $11,800 $11,800 $5,450 $27,600 $0 $0 $0
SENIOR CENTER:
PERSONNEL $78,230 $78,230 $88,895 $91,562 $94,309 $97,138 $100,052
OPERATIONS $500 $500 $500 $500 $500 $500 $500
TECHNOLOGY - HARDWARE REPLACEMENT $8,000 $8,000 $1,550 $3,100 $0 $0 $0
COLLEYVILLE CENTER:
OPERATIONS $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000
TECHNOLOGY- SOFTWARE & MAINTENANCE CONTRACTS $6,960 $6,960 $7,099 $7,241 $7,386 $7,534 $7,684
TECHNOLOGY - HARDWARE REPLACEMENT $8,800 $8,800 $1,200 $3,850 $0 $0 $0
PROMOTIONAL:
SPECIAL EVENTS $92,000 $92,000 $112,000 $112,000 $112,000 $112,000 $112,000
ECONOMIC DEVELOPMENT PROMOTIONAL $39,000 $39,000 $25,000 $25,500 $26,010 $26,530 $27,061
PERSONNEL - COMMUNICATIONS $53,035 $53,035 $53,666 $55,276 $56,934 $58,642 $60,402
TOTAL OPERATING EXPENDITURES $1,216,654 $1,216,808 $1,320,669 $1,359,213 $1,338,800 $1,363,015 $1,377,327
EXCESS REVENUES OVER EXPENDITURES $642,436 $662,373 $596,003 $576,626 $616,398 $611,735 $617,171

CAPITAL:
COLLEYVILLE CENTER -
FACILITY UPDATES AND REPLACEMENTS $0 $33,000 $64,679 $0 $0 $0 $0
REPLACEMENT OF PALLADIUM WINDOWS & PATIO $0 $0 $280,000 $0 $0 $0 $0
PLEASANT RUN TRAIL CONSTRUCTION & PARK IMPROVEMENTS $300,000 $300,000 $0 $0 $0 $0 $0
PARKS MASTER PLAN UPDATE $45,000 $45,000 $0 $0 $0 $0 $0
LD LOCKETT PARK DRAINAGE IMPROVEMENTS $130,000 $55,000 $0 $0 $0 $0 $0
KIMZEY PARK POND DREDGING $170,000 $388,520 $0 $0 $0 $0 $0
WEBB HOUSE REPAIRS $100,000 $10,000 $265,000 $0 $0 $0 $0
LIBRARY RENOVATIONS $459,470 $300,000 $315,516 $0 $0 $0 $0
FUTURE PROJECTS / IMPLEMENTATION OF PARKS MASTER PLAN $300,000 $0 $500,000 $1,000,000 $1,000,000 $1,000,000 $800,000
TOTAL CAPITAL EXPENDITURES $1,504,470 $1,131,520 $1,425,195 $1,000,000 $1,000,000 $1,000,000 $800,000

TOTAL EXPENDITURES (OPERATING & CAPITAL) $2,721,124 $2,348,328 $2,745,864 $2,359,213 $2,338,800 $2,363,015 $2,177,327
USE OF FUND BALANCE ON CAPITAL PROJECTS/(ADDITIONS TO FUND BALANCE) $862,034 $469,147 $829,192 $423,374 $383,602 $388,265 $182,829
ENDING FUND BALANCE $3,243,155 $3,752,384 $2,923,192 $2,499,818 $2,116,216 $1,727,952 $1,545,122

RESERVE FOR .4 TIMES BOND COVERAGE RATIO $237,882 $237,882 $240,870.40 $241,658 $240,301 $242,771 $241,069
AVAILABLE ENDING FUND BALANCE $3,005,274 $3,514,502 $2,682,322 $2,258,160 $1,875,916 $1,485,180 $1,304,054

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