Page 341 - Southlake FY20 Budget

Special Revenue Funds

Recycling Fund

GENERAL FUND
This fund accounts for an annual payment to the City made by the City’s solid waste services provider, per the terms
of the service contract. Recycling
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
Recycling Recovery $6,000 $6,000 $6,000 $0 0.0% $6,000 $0 0.0%
Interest 352 100 700 600 600.0% 700 600 600.0%
Total Revenues $6,352 $6,100 $6,700 $600 9.8% $6,700 $600 9.8%

EXPENDITURES
Special Projects $0 $0 $0 $0 0.0% $3,000 3,000 29999900.0%
Recycling Supplies 0 0 0 0 0.0% 0 0 0.0%
Capital 0 0 0 0 0.0% 0 0 0.0%
Total Expenditures $0 $0 $0 $0 0.0% $3,000 $3,000 29999900.0%

Net Revenues $6,352 $6,100 $6,700 $600 $3,700 ($2,400)

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

Beginning Fund Balance $52,811 $59,163 $59,163 $65,863
Ending Fund Balance $59,163 $65,263 $65,863 $69,563

FY 2020 Highlights:

• The City’s contract for solid waste services provides for an annual payment to the City of $6,000 for a total projected
revenue of $6,700, including interest.

• Note that the beginning fund balance is $65,863. The propose budget includes $3,000 for recycling education.

• The ending fund balance is $69,563.

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