Page 32 - Kennedale Budget FY21

FUND SUMMARY: GENERAL FUND
2017–2018 2018-2019 2019–2020 2019-2020 2020-2021 PERCENT
REVENUES
ACTUAL ACTUAL APPROVED PROJECTED APPROVED CHANGE
TOTAL AD VALOREM TAX RATE 0.777500 0.725714 0.734970 0.734970 0.774085 5%
LESS: I&S TAX RATE 0.198750 0.190495 0.190541 0.190541 0.191399 0%
M&O TAX RATE / $100 VALUATION 0.578750 0.535219 0.544429 0.544429 0.582686 7%
YEAR-OVER-YEAR M&O COMPARISON -0.5% -7.5% 1.7% 1.7% 7.0%
TAXABLE VALUATION 623,852,142 724,494,406 781,196,930 781,196,930 $ 802,521,474 3%
9.88% 0.00% 9.27% 7.83% 2.7%
Property Taxes 3,882,162 3,841,103 4,210,532 4,210,532 4,629,418 9.9%
Sales / Beverage Taxes 1,459,743 1,774,699 1,402,458 1,369,909 1,438,404 5.0%
Grants / Contributions 59,329 170,913 85,100 147,445 65,000 -55.9%
Licenses / Permits 335,340 156,819 175,070 153,360 191,605 24.9%
Fines / Fees 206,683 160,485 179,700 105,300 106,718 1.3%
Charge for Services 158,603 170,408 181,225 193,225 205,500 6.4%
Investment Earnings 31,926 62,765 24,017 24,017 24,017 0.0%
Miscellaneous Income 32,822 47,514 5,500 5,500 5,250 -4.5%
Intergovernmental 580,984 619,898 652,475 652,475 647,243 -0.8%
Surplus Sales/Rentals 4,225 32,748 3,500 3,500 1,500 -57.1%
TOTAL REVENUES 6,751,817 7,037,352 6,919,577 6,865,263 $ 7,314,655 7%

2017–2018 2018-2019 2019–2020 2019-2020 2020-2021 PERCENT
EXPENDITURES
ACTUAL ACTUAL APPROVED PROJECTED APPROVED CHANGE
City Manager 361,526 329,399 323,076 323,076 316,473 -2.0%
Mayor and City Council 158,562 260,652 186,444 186,444 140,525 -24.6%
City Secretary 130,434 161,794 179,811 178,540 175,454 -1.7%
Municipal Court 89,729 100,009 112,701 111,868 98,215 -12.2%
Human Resources 165,221 96,221 132,128 132,129 125,229 -5.2%
Finance 341,383 342,201 393,017 389,826 438,148 12.4%
Police 2,119,441 2,431,402 2,563,035 2,499,599 2,660,845 6.5%
Police SRO (School Resource Officer) 142,259 157,368 156,513 156,513 178,017 13.7%
Fire 1,727,193 1,931,165 2,386,910 2,203,129 2,208,977 0.3%
Community Development 337,991 368,118 465,735 438,146 387,924 -11.5%
Senior Citizen Center 49,895 48,288 63,376 63,376 38,376 -39.4%
Library 311,250 274,999 305,042 275,895 275,755 -0.1%
Non-Departmental 390,256 433,664 514,733 564,058 580,159 2.9%
TOTAL EXPENDITURES 6,325,141 6,935,279 7,782,521 7,522,599 7,624,096 1.3%

Total Revenues Over (Under) Exp 426,676 102,073 (862,943) (657,336) $ (309,441) -52.9%

TOTAL Transfer In (Out) $ - $ - $ - $ - $ -

NET CHANGE IN FUND BALANCE 426,676 102,073 (862,944) (657,336) $ (309,441) -52.9%
BEGINNING FUND BALANCE - OCT 1 1,340,336 1,495,520 1,480,503 1,597,593 940,257 -41.1%
ENDING FUND BALANCE - SEPT 30 1,767,012 1,597,593 617,559 940,257 630,816 -32.9%
UNASSIGNED FUND BALANCE - SEPT 30 1,767,012 1,597,593 617,559 940,257 630,816 -32.9%

AVERAGE DAILY EXPENDITURES 17,329 19,001 21,322 20,610 20,888 1.3%
NUMBER OF DAYS RESERVE 102 84 84 46 30 -33.8%

FUND BALANCE AS A % OF EXPENDITURES 27.9% 23.0% 7.9% 12.5% 8.3% -33.8%

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