Page 108 - Haltom City FY20 Approved Budget

City of Haltom City Annual Budget, FY 2020

Special Revenue Funds

PARK DEDICATION FUND

This City has a Park Dedication Ordinance which requires developers of any residential
property in the City to either dedicate park land or pay cash in lieu of land dedication.
Money received must be used for park development and park improvements.
Improvement and maintenance projects amount to $121,750 were budgeted for FY2020.

PARK DEDICATION FUND
BUDGET SUMMARY
Actual Adopted Projected Proposed
FUND 25 FY2018 FY2019 FY2019 FY2020

Fund Balance, Beginning $86,808 $182,257 $182,599 120,273

Revenues
Developer Contributions 94,500 0 250 0
Interest Income 95,789 600 4,500 3,500
Total Revenues 190,289 600 4,750 3,500

Funds Available 277,097 182,857 187,349 123,773

Expenditures
Operations Expenditures 0 148,576 67,076 121,750
Total Expenditures 0 148,576 67,076 121,750

Fund Balance, Ending $182,599 $34,281 $120,273 2,022

Park Dedication Fund Ending Fund Balance

$200,000

$150,000

$100,000

$50,000

$0
Actual 2018 Adopted 2019 Projected 2019 Proposed 2020

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