Page 365 - Keller Budget FY21

PARK DEVELOPMENT FEE FUND

FUND DESCRIPTION:
This fund is used to account for resources received from park development fees and expenditures that are restricted for park
improvements. Funds are transferred to the Park CIP Fund for park improvements. In prior years, fund revenues and
expenditures were included in operating budget totals. Starting in FY 2016-17, fund revenues and expenditures will no longer
be considered operating funds and are shown for informational purposes only. In the City's Comprehensive Annual Financial
Report (CAFR), the fund is presented as a capital improvement fund.

REVENUE SUMMARY

FY 2020-21
FY 2018-19 FY 2019-20 FY 2019-20 Proposed Budget
REVENUES: Actual Budget YE Proj. Budget Variance ($)
Park Development Fees $ 116,000 $ – $ – $ – $ –
Interest Earnings 8,739 – 6,811 – –

TOTAL $ 124,739 $ – $ 6,811 $ – $ –

EXPENDITURE SUMMARY

FY 2020-21
FY 2018-19 FY 2019-20 FY 2019-20 Proposed Budget
EXPENDITURES BY DIVISION: Actual Budget YE Proj. Budget Variance ($)
Park Improvements/ Land Acquisition $ – $ – $ – $ – $ –

TOTAL $ – $ – $ – $ – $ –

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