Page 338 - Southlake FY20 Budget

Special Revenue Funds

Park Dedication Fee Fund

SPECIAL REVENUE FUND
This fund accounts for dedication fees on new development. Use of park dedication fees is restricted to park
Park Dedication
improvements and primarily used for capital expenses.
2020 Proposed and 2019 Revised Budget
09:35 PM
08/11/19
$ Increase/ $ Increase/
2018 2019 2019 (Decrease) % Increase/ 2020 (Decrease) % Increase/
Actual Adopted Amended Adopted -Decrease Proposed Adopted -Decrease
REVENUES
Permits/Fees $155,960 $90,000 $410,000 $320,000 355.6% $90,000 $0 0.0%
Miscellaneous 0 0 0 0 0.0% 0 0 0.0%
Interest 2,627 1,800 6,300 4,500 250.0% 5,000 3,200 177.8%
Total Revenues $158,587 $91,800 $416,300 $324,500 353.5% $95,000 $3,200 3.5%

EXPENDITURES
Parks and Recreation $0 $0 $0 $0 0.0% $0 0 0.0%
Park Improvements 0 0 0 0 0.0% 0 0 0.0%
Land 0 0 0 0 0.0% 0 0 0.0%
Total Expenditures $0 $0 $0 $0 0.0% $0 $0 0.0%

Net Revenues $158,587 $91,800 $416,300 $324,500 $95,000 $3,200

Transfer from other funds $0 $0 $0 $0
Transfer to other funds ($100,000) $0 $0 ($370,000)
Total Other Sources/(Uses) ($100,000) $0 $0 ($370,000)

Beginning Fund Balance $410,626 $469,213 $469,213 $885,513
Ending Fund Balance $469,213 $561,013 $885,513 $610,513

FY 2020 Highlights:

• The budget anticipates a beginning fund balance of $885,513.

• For FY 2020, no expenditures are budgeted.

• The proposed budget reflects revenues of $90,000 in fees and $5,000 in interest earnings for total revenues of

$95,000.

• The ending fund balance is projected to be $610,5113.

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