Page 383 - FY 19 Budget Forecast 91218.xlsx

PARK DEVELOPMENT FEE FUND

FUND DESCRIPTION:
This fund is used to account for resources received from park development fees and expenditures that are restricted
for park improvements. Funds are transferred to the Park CIP Fund for park improvements. In prior years, fund
revenues and expenditures were included in operating budget totals. Starting in FY 2016-17, fund revenues and
expenditures will no longer be considered operating funds and are shown for informational purposes only. In the
City's Comprehensive Annual Financial Report (CAFR), the fund is presented as a capital improvement fund.

REVENUE SUMMARY

FY 2018-19
FY 2016-17 FY 2017-18 FY 2017-18 Proposed Budget
REVENUES: Actual Budget YE Proj. Budget Variance ($)

Park Development Fees $ 51,709 $ – $ 70,440 $ – $ –
Oil and Gas Royalty Revenue – – – – –
Interest Earnings 4,786 – 2,329 – –

TOTAL $ 56,495 $ – $ 72,769 $ – $ –

EXPENDITURE SUMMARY

FY 2018-19
FY 2016-17 FY 2017-18 FY 2017-18 Proposed Budget
EXPENDITURES BY DIVISION: Actual Budget YE Proj. Budget Variance ($)

Park Improvements/ Land
Acquisition $ 13,958 $ – $ – $ – $ –
TOTAL $ 13,958 $ – $ – $ – $ –

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