Page 243 - City of Colleyville FY22 Adopted Budget

COLLEYVILLE ECONOMIC DEVELOPMENT CORPORATION Exhibit A
ECONOMIC DEVELOPMENT CAPITAL IMPROVEMENT PROGRAM FY 2022 - FY 2026
Budget Projection Projection Projection Projection Projection Projection
FISCAL YEAR 2021 2021 2022 2023 2024 2025 2026
BEGINNING FUND BALANCE $4,479,889 $4,479,889 $5,799,376 $596,748 $1,207,403 $1,113,103 $1,914,825
REVENUES:
PROJECTED 1/2 CENT SALES TAX REVENUE $2,052,391 $2,237,106 $2,150,000 $2,203,750 $2,253,334 $2,298,401 $2,332,877
GRANT PROCEEDS $225,000 $0 $225,000 $0 $0 $231,818 $0
TIF TRANSFER $5,518,968 $5,518,968 $0 $0 $0 $0 $5,000,000
INSURANCE PROCEEDS $0 $70,000 $0 $0 $0 $0 $0
INTEREST INCOME $10,000 $12,000 $10,000 $10,100 $10,201 $10,303 $10,406
TOTAL REVENUE $7,806,359 $7,838,074 $2,385,000 $2,213,850 $2,263,535 $2,540,522 $7,343,283
EXPENDITURES:
ADMINISTRATIVE: $2,000 $2,000 $2,000 $2,060 $2,122 $2,185 $2,251
DEBT SERVICE $4,775,000 $4,818,166 $0 $0 $0 $0 $0
LOAN-BACK TO TIF $0 $0 $5,000,000 $0 $0 $0 $0
COMMUNICATIONS $0 $0 $45,000 $46,350 $47,741 $49,173 $50,648
PARKS:
WATER / WASTEWATER- MC PHERSON PARK $5,628 $5,878 $5,628 $5,986 $6,511 $6,917 $7,316
MAINTENANCE $50,000 $50,000 $310,942 $320,270 $337,378 $355,000 $373,150
LIBRARY:
PERSONNEL $395,467 $299,167 $386,642 $399,921 $414,758 $430,199 $439,084
OPERATIONS $33,802 $33,802 $53,376 $35,921 $39,492 $43,169 $46,957
TECHNOLOGY - HARDWARE REPLACEMENT $30,600 $30,600 $30,600 $31,518 $32,464 $33,437 $34,441
SENIOR CENTER:
PERSONNEL $96,372 $101,545 $100,880 $104,595 $109,108 $113,863 $117,180
OPERATIONS $500 $500 $500 $515 $530 $546 $563
TECHNOLOGY - HARDWARE REPLACEMENT $3,100 $3,100 $3,100 $3,193 $3,289 $3,387 $3,489
COLLEYVILLE CENTER:
PERSONNEL $126,010 $130,295 $136,717 $140,916 $147,040 $153,498 $158,039
OPERATIONS $2,000 $1,080 $2,000 $2,060 $2,122 $2,185 $2,251
FURNITURE REPLACEMENT $0 $0 $49,000 $3,090 $3,183 $3,278 $3,377
BALL ROOM LIGHTING $0 $0 $25,000 $0 $0 $0 $0
TECHNOLOGY- SOFTWARE & MAINTENANCE CONTRACTS $7,241 $7,241 $7,241 $7,458 $7,682 $7,912 $8,150
TECHNOLOGY - HARDWARE REPLACEMENT $3,850 $3,471 $3,850 $3,966 $4,084 $4,207 $4,333
SPECIAL EVENTS:
MOVIES IN THE VILLAGE $15,000 $0 $15,375 $15,606 $15,840 $16,077 $16,318
STARS & GUITARS $60,000 $ 119,883 $95,000 $96,425 $97,871 $99,339 $100,830
TREE LIGHTING / CHRISTMAS EVENT $35,000 $ 62,577 $60,000 $60,900 $61,814 $62,741 $63,682
HAUNTED TRAILS / HARVEST FESTIVAL $20,000 $0 $20,500 $20,808 $21,120 $21,436 $21,758
FARMERS MARKET $10,000 $0 $10,250 $10,404 $10,560 $10,718 $10,879
MISCELLANEOUS $5,000 $ 931 $0 $0 $0 $0 $0
MEMORIAL DAY EVENT* Spent in preparation for the
event, most vendors' services pushed to Stars & Guitars $15,000 $ 31,717 $0
or the upcoming Harvest Festival
FINE ARTS EVENT $10,000 $0 $10,250 $10,404 $10,560 $10,718 $10,879
FWSO CONCERT $20,000 $ 1,810 $0 $0
SPECIAL EVENTS $15,239 $6,792 $3,625 $5,829 $7,570 $8,810 $8,942
TOTAL OPERATING EXPENDITURES $5,736,809 $5,710,556 $6,377,476 $1,328,195 $1,382,836 $1,438,799 $1,484,515
EXCESS REVENUES OVER EXPENDITURES $2,069,550 $2,127,518 ($3,992,476) $885,655 $880,699 $1,101,722 $5,858,769

CAPITAL:
COLLEYVILLE CENTER -
FACILITY UPDATES AND REPLACEMENTS $0 $180,000 $0
SIDEWALK/TRAIL CONSTRUCTION/GRANT MATCH $300,000 $300,000 $300,000 $0 $0 $300,000 $0
RESTROOM FACILITY RENOVATIONS $0 $243,031 $75,000 $75,000 $125,000 $0 $0
KIMZEE PARK PLAYGROUND IMPROVEMENT $0 $0 $0 $100,000 $500,000 $0 $0
PARKS HOUSE DEMO $20,000 $20,000 $0 $0 $0 $0 $0
SOFTBALL - SHADE STRUCTURE W/SEATING AND PLAYGROUND0,000 $0 $260,152 $0 $0 $0 $0
$
0
3
SENIOR CENTER $65,000 $65,000 $500,000 $100,000 $200,000 $0 $0
WOODBRIAR PARK IMPROVEMENTS $0 $0 $0 $0 $100,000 $0 $0
FIRE STATIONS 2 & 3 LANDSCAPING $0 $0 $50,000 $0 $0 $0 $0
SAND VOLLEYBALL PITS $0 $0 $0 $0 $50,000 $0 $0
FLAGPOLE AT MCPHERSON PARK $0 $0 $25,000 $0 $0 $0 $0
TOTAL CAPITAL EXPENDITURES $685,000 $808,031 $1,210,152 $275,000 $975,000 $300,000 $0
TOTAL EXPENDITURES (OPERATING & CAPITAL) $6,421,809 $6,518,587 $7,587,628 $1,603,195 $2,357,836 $1,738,799 $1,484,515
ENDING FUND BALANCE $5,864,439 $5,799,376 $596,748 $1,207,403 $1,113,103 $1,914,825 $7,773,593

RESERVE FOR .4 TIMES BOND COVERAGE RATIO $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
AVAILABLE ENDING FUND BALANCE $5,864,439 $5,799,376 $596,748 $1,207,403 $1,113,103 $1,914,825 $7,773,593
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