Page 339 - Southlake FY20 Budget

Special Revenue Funds

Parks and Recreation Fund

SPECIAL REVENUE FUND
This fund accounts for resources restricted for use by the Community Services department. Such funds include
Park and Recreation
event and other sponsorship funds collected through the City’s sponsorship program.
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
Donations/Sponsorships $84,480 $85,000 $31,500 ($53,500) -62.9% $50,500 ($34,500) -40.6%
Miscellaneous 0 0 0 0 0.0% 0 0 0.0%
Interest 1,154 200 2,500 2,300 1150.0% 2,000 1,800 900.0%
Total Revenues $85,634 $85,200 $34,000 ($51,200) -60.1% $52,500 ($32,700) -38.4%

EXPENDITURES
Parks and Recreation $68,869 $77,500 $77,500 $0 0.0% $72,500 (5,000) -6.5%
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 $68,869 $77,500 $77,500 $0 0.0% $72,500 ($5,000) -6.5%

Net Revenues $16,765 $7,700 ($43,500) ($51,200) ($20,000) ($27,700)

Transfer from other funds $0 $0 $0 $0
Transfer to other funds $0 $0 $0 $0
Total Other Sources/(Uses) $0 $0 $0 $0

Beginning Fund Balance $152,521 $169,286 $169,286 $125,786
Ending Fund Balance $169,286 $176,986 $125,786 $105,786

FY 2020 Highlights:

• Planned expenses in this fund are directed toward enhancing City special events, programs, athletic fields, and
parks for which sponsorships are granted. The funds received through sponsorships assist with offsetting enhanced
services offered to the community.

• The proposed budget reflects revenues of $50,500 in donations and sponsorships and $2,000 in interest earnings
for total revenues of $52,500.

• The proposed budget anticipates a beginning fund balance of $125,786. Expenses are estimated at $72,500 leaving
the fund with a projected fund balance of $105,786.

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