Page 135 - Kennedale Budget FY21

FUND OVERVIEW: EDC 4B FUND
R E V E N U E S
The 2020-2021 Economic Development Corporation 4B (EDC4B) includes $723,940 in revenues, which
represents a $75,689 decrease from the prior year. The difference was due to an unbudgeted land sale in
FY2019-2020.

The main sources of revenue in the EDC4B Fund are sales taxes and rental income, which accounts for 60%
and 30.7%, respectively of all revenue.

FUND BUDGET: EDC 4B
15 | EDC4B FUND
2017–2018 2018–2019 2019–2020 2019–2020 2020–2021
REVENUES
ACTUAL ACTUAL APPROVED PROJECTED APPROVED
15-4002-00-00 MMD-TAX CURRENT YEAR - - 35,000 35,000 35,000
15-4081-00-00 SALES TAX 447,132 545,785 410,401 400,141 420,148
15-4401-00-00 INVESTMENT INCOME 3,574 6,536 4,000 4,000 2,000
15-4409-00-00 MISCELLANEOUS INCOME 36,624 35,897 30,120 30,120 30,000
15-4412-00-00 LAND PROCEEDS 150,368 -
15-4415-00-00 INSURANCE REIMBURSEMENTS 14,898 - - -
15-4805-00-00 RENTAL FEES – SHOPPING CTR 105,856 228,241 221,207 180,000 236,792
15-4806-00-00 RENTAL INSURANCE 2,350 - - -
15-4886-00-00 SALE OF ASSETS - - -
15-4902-00-00 PROCEEDS – DEBT/LOAN/LEASE 30,194 - - -
15-4971-00-00 INSURANCE PROCEEDS - - -
15-4885-00-00 SALE OF ASSETS 349,179 - - -
TOTAL REVENUES $ 989,808 $ 816,460 $ 700,728 $ 799,629 $ 723,940
-
2017–2018 2018–2019 2019–2020 2019–2020 2020–2021
EDC ADMINISTRATION EXPENDITURES
ACTUAL ACTUAL APPROVED PROJECTED APPROVED
15-5240-01-00 PRINTED SUPPLIES - 2,000 2,000 2,000
15-5260-01-00 GENEARL OFFICE SUPPLIES 50 50 50
15-5261-01-00 POSTAGE 50 50 50
15-5501-01-00 ADVERTISING 35 1,200 1,200 1,200
15-5510-01-00 ASSOC DUES/PUBLICATIONS 4,890 4,932 3,395 3,395 3,500
15-5525-01-00 TRAINING/SEMINARS 250 250 250
15-5565-01-00 LEGAL SERVICES 20,855 6,581 14,925 14,925 15,000
15-5567-01-00 AUDIT SERVICES 2,000 4,250 4,250 4,250 4,250
15-5570-01-00 SPECIAL SERVICES 13,774 2,286 975 975 42,838
15-5574-01-00 FILING FEES -
15-5578-01-00 TRAVEL 100 100 100
15-5580-01-00 ENGINEERING SERVICES -
15-5595-01-00 ADMIN CHARGE-GENERAL FUND 81,647 117,890 116,318 116,318 116,318
15-5615-01-00 FUNCTIONAL GRANT 19,380 29,745 25,864 25,864 32,831
15-5800-01-00 LAND - - -
TOTAL ADMINISTRATION EXPENDITURES $ 142,581 $ 165,684 $ 169,377 $ 169,377 $ 218,387

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