Page 209 - FY2020Colleyville

COLLEYVILLE ECONOMIC DEVELOPMENT CORPORATION
FY 2020 Budget

Budget Projected Projection
FISCAL YEAR 2019 2019 2020

BEGINNING FUND BALANCE $3,752,384 $3,752,384 $3,010,102
REVENUES:
PROJECTED 1/2 CENT SALES TAX REVENUE $1,907,400 $1,907,400 $1,907,400
INTEREST INCOME $9,273 $26,721 $25,000
TOTAL REVENUE $1,916,673 $1,934,121 $1,932,400

EXPENDITURES:
ADMINISTRATIVE: $2,000 $2,000 $2,000
DEBT SERVICE $602,176 $602,176 $604,144
PARKS:
WATER / WASTEWATER- MC PHERSON PARK $5,464 $5,464 $5,628
TECHNOLOGY - HARDWARE REPLACEMENT $6,800 $10,000 $0
MAINTENANCE $0 $0 $50,000
LIBRARY:
PERSONNEL $380,592 $380,592 $392,999
OPERATIONS $6,586 $6,586 $16,717
TECHNOLOGY - SOFTWARE & MAINTENANCE CONTRACTS $19,692 $19,692 $20,085
TECHNOLOGY - HARDWARE REPLACEMENT $5,450 $5,450 $27,600
SENIOR CENTER:
PERSONNEL $88,895 $88,895 $92,626
OPERATIONS $500 $500 $500
TECHNOLOGY - HARDWARE REPLACEMENT $1,550 $1,550 $3,100
COLLEYVILLE CENTER:
OPERATIONS $2,000 $2,000 $2,000
TECHNOLOGY- SOFTWARE & MAINTENANCE CONTRACTS $7,099 $7,099 $7,241
TECHNOLOGY - HARDWARE REPLACEMENT $1,200 $1,200 $3,850
PROMOTIONAL:
SPECIAL EVENTS $112,000 $112,000 $112,000
ECONOMIC DEVELOPMENT PROMOTIONAL $25,000 $25,000 $25,500
PERSONNEL - COMMUNICATIONS $53,666 $53,666 $56,858
TOTAL OPERATING EXPENDITURES $1,320,669 $1,323,869 $1,422,848
EXCESS REVENUES OVER EXPENDITURES $596,003 $610,252 $509,552

CAPITAL:
COLLEYVILLE CENTER -
FACILITY UPDATES AND REPLACEMENTS $64,679 $64,679 $56,500
ROOF REPLACEMENT $0 $0 $300,000
OUTDOOR FURNITURE $0 $0 $10,000
REPLACEMENT OF PALLADIUM WINDOWS & PATIO $280,000 $347,069 $0
PLEASANT RUN TRAIL CONSTRUCTION & PARK IMPROVEMENTS $0 $0 $0
LANDSCAPE IMPROVEMENTS AT MCPHERSON PARK $0 $0 $20,000
SIDEWALK/TRAIL CONSTRUCTION/GRANT MATCH $0 $0 $300,000
CITY PARK RESTROOMS $0 $0 $400,000
PARKS HOUSE DEMO & NEW AMENITY $0 $0 $0
WEBB HOUSE REPAIRS $265,000 $265,000 $0
LIBRARY RENOVATIONS $315,516 $315,516 $0
FUTURE PROJECTS / IMPLEMENTATION OF PARKS MASTER PLAN $500,000 $200,000 $200,000
CITY PARK BASEBALL FIELD REHAB 4/5/6 $0 $33,000 $0
CITY PARK BASEBALL FIELD EQUIPMENT BOXES $0 $15,000 $0
LIGHTNING DETECTOR SYSTEM $0 $30,219 $0
CITY PARK BASEBALL SCOREBOARDS $0 $82,050 $0
TOTAL CAPITAL EXPENDITURES $1,425,195 $1,352,533 $1,286,500

TOTAL EXPENDITURES (OPERATING & CAPITAL) $2,745,864 $2,676,402 $2,709,348
USE OF FUND BALANCE ON CAPITAL PROJECTS/(ADDITIONS TO FUND BALANCE) $829,192 $742,281 $776,948
ENDING FUND BALANCE $2,923,192 $3,010,102 $2,233,154

RESERVE FOR .4 TIMES BOND COVERAGE RATIO $240,870.40 $240,870.40 $241,657.60
AVAILABLE ENDING FUND BALANCE $2,682,322 $2,769,232 $1,991,496

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