Page 351 - Hurst FY20 Approved Budget

CITY OF HURST
2019-2020 APPROVED BUDGET
COMMUNITY SERVICES
HALF-CENT SALES TAX FUND
REVENUES AND EXPENDITURES

ESTIMATED APPROVED
ACTUAL ACTUAL ACTUAL BUDGET BUDGET BUDGET
2015-16 2016-17 2017-18 2018-19 2018-19 2019-20

BEGINNING BALANCE $5,561,762 $9,543,590 $4,102,954 $2,937,109 $3,981,644 $2,295,034
REVENUES
Sales Tax Receipts 5,423,974 5,261,091 5,306,115 5,174,143 5,261,102 5,161,102
Interest Earnings 23,642 52,334 62,934 55,000 43,494 55,000
Transfer In 0 80,000 0 0 0 0
Other Revenue 3,621 10,399 22,134 0 0 0
Less: Development Incentives (379,711) (332,215) (331,107) (316,152) (341,980) (327,165)
TOTAL REVENUES $5,071,526 $5,071,610 $5,060,076 $4,912,991 $4,962,616 $4,888,937

OPERATING EXPENSES
Parks 1,713,144 1,779,925 1,850,658 1,836,327 1,827,477 1,843,762
Recreation 366,625 377,540 431,064 473,794 459,716 435,989
Aquatics 290,257 414,036 477,553 483,972 457,224 483,972
Library 557,538 572,963 551,185 597,442 603,835 617,331
TOTAL EXPENSES $2,927,564 $3,144,464 $3,310,460 $3,391,535 $3,348,252 $3,381,054

Transfer Out $0 $0 $0 $0 $0 $0
Debt Service $1,167,340 $1,473,425 $1,333,835 $1,328,803 $1,328,803 $1,224,933

Project Expenses
Parks $633,938 $421,162 $484,206 $516,950 $1,459,200 $250,190
Recreation $319,019 $181,364 $0 $388,000 $476,413 $0
Aquatics $187,013 $366,883 $39,622 $0 $10,825 $0
Library $0 $102,535 $13,263 $32,000 $25,733 $65,000
Total Project Expenses $1,139,970 $1,071,944 $537,091 $936,950 $1,972,171 $315,190

OPERATING FUND BALANCE $5,398,414 $8,925,366 $3,981,644 $2,192,812 $2,295,034 $2,262,794

OTHER FUNDING SOURCES/USES
Bond Proceeds $5,400,000 $0 $0 $0 $0 $0
Less: Aquatics/Rec Center Imp $1,254,824 $4,822,412 $0 $0 $0 $0

ENDING FUND BALANCE $9,543,590 $4,102,954 $3,981,644 $2,192,812 $2,295,034 $2,262,794

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