Page 343 - Southlake FY20 Budget

Special Revenue Funds

Reforestation Fund

SPECIAL REVENUE FUND
This fund accounts for monies derived from assessments related to the tree preservation ordinance and policies.
Reforestation
2020 Proposed and 2019 Revised Budget
10:14 AM
08/12/19
$ Increase/ $ Increase/
2018 2019 2019 (Decrease) % Increase/ 2020 (Decrease) % Increase/
Actual Adopted Amended Adopted -Decrease Proposed Adopted -Decrease
REVENUES
Permits/Fees $30,872 $10,000 $2,400 ($7,600) -76.0% $10,000 $0 0.0%
Miscellaneous 2,342 0 5,000 5,000 49999900.0% 0 0 0.0%
Interest 748 150 1,200 1,050 700.0% 1,000 850 566.7%
Total Revenues $33,962 $10,150 $8,600 ($1,550) -15.3% $11,000 $850 8.4%

EXPENDITURES
Parks and Recreation $0 $0 $0 $0 0.0% $0 0 0.0%
Reforestation 34,534 70,000 70,000 0 0.0% 40,000 (30,000) -42.9%
Capital 0 0 0 0 0.0% 0 0 0.0%
Total Expenditures $34,534 $70,000 $70,000 $0 0.0% $40,000 ($30,000) -42.9%

Net Revenues ($572) ($59,850) ($61,400) ($1,550) ($29,000) $30,850

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

Beginning Fund Balance $112,301 $111,729 $111,729 $50,329
Ending Fund Balance $111,729 $51,879 $50,329 $21,329

FY 2020 Highlights:

• The proposed budget reflects permits/fees of $10,000 and interest income of $1,000 for total revenue of $11,000.
It anticipates a beginning fund balance of $50,329.

• Expenditures are budgeted at $40,000 for FY 2020 for the street tree program and tree maintenance.

• The activities supported by the Reforestation Fund support the City Council’s desire for quality development by
ensuring that the natural environment is protected and preserved, where possible, or at a minimum replaced. The
ending fund balance is projected at $21,329.

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