Page 59 - N. Richland Hills General Budget

BUDGET OVERVIEW

Facilities/Construction Management Fund

FY 19/20 Adopted FY 19/20 Revised FY 20/21 Adopted

Revenue $2,982,718 $2,988,118 $3,268,190

Expenditures $2,982,718 $2,988,118 $3,268,190
Balance $0 $0 $0

FY 2019/2020 Revised Budget

Revised revenues are just slightly higher than the FY 2019/2020 Adopted Budget. The only
increase from the Revised budget to Adopted is a $5,400 increase from rental
properties. Expenses for FY 2019/2020 are forecasted up $5,400. Significant changes
include an increase of $43,500 in capital transfers for the Iron Golf Course Grounds
Improvement project and a reduction of ($60,800) in anticipated contributions to reserves.

FY 2020/2021 Adopted Budget

Revenues in the Facilities Fund are estimated to be ($15,674) less than revenues projected in
the FY 2019/2020 Adopted Budget. The majority of revenues in the Facilities Fund come as
charges for service from the General Fund, Park Development Fund and the Utility
Fund; these transfers account for $2,911,444 of revenue in this fund. Other revenues such as
rental income and income earned from interest contribute $55,600.

The FY 2020/2021 budget includes expenditures in the amount of $3,268,190. This is an
increase of $285,742 from the FY 2019/2020 Adopted Budget. Increases include
$212,659 in Building Services for various small maintenance projects proposed to
several facilities, including improvements to Fire Station #1, #3, and #4, City hall, and
Equipment Services. An increase of $221,400 is included in capital transfers to fund projects in
the FY 2020/2021 Capital Budget.

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