Page 76 - Pantego Adopted Budget FY21

Pantego Economic Development Corporation Budget
COMBINED Statement of Revenues and Expenditures
Fiscal Year 2020-2021
901
Debt Service
Operating Fund Project Fund Fund Total

Estimated Beginning Fund Balance $ 695,402 $ - $ 192,694 $ 888,096

REVENUES

Sales Tax Revenue $ 417,118 $ 199,497 $ 616,615

Oil and Gas Royalty 20 - 20
Other Revenue - -
Interest Income 2,000 - 400 2,400

TOTAL REVENUE $ 419,138 $ - $ 199,897 $ 619,035

EXPENDITURES
Principal Payment $ - $ - $ 180,000 $ 180,000

Interest Payment - - 9,323 $ 9,323
Auditing Contractual Service 3,000 $ 3,000
Contract Services 25,000 - - $ 25,000
EDC Consultant 68,050 - - $ 68,050
Marketing and Advertising 61,900 - - $ 61,900
Activities 15,000 - - $ 15,000
Park Operations/Maintenance 43,750 - - $ 43,750
Travel/Training/Arlington ChamberOther 17,000 - - $ 17,000
Economic Development Grants 50,000 - - $ 50,000
Bicentennial Park - - - $ -

Economic Development Projects 415,000 $ 415,000

TOTAL EXPENDITURES $ 698,700 $ - $ 189,323 $ 888,023

TRANSFERS OUT
Transfer to GF (Admin Fees) $ 100,000 $ - $ - $ 100,000

Transfer to GF (Park Maintenance) 100,000 - - 100,000
Transfer to GF (CRB) 12,000 - - 12,000
TOTAL TRANSFERS OUT $ 212,000 $ - $ - $ 212,000

Change in Fund Balance (491,562) - 10,574 (480,988)

Estimated Ending Fund Balance $ 203,840 $ - $ 203,268 $ 407,108