Page 80 - Forest Hill FY22 Annual Budget
P. 80
COMMUNITY DEVELOPMENT CORPORATION FUND (49)
Actual FY Estimate FY Adopted
2019-2020 2020-2021 2021-2022
Revenues
Charges for Services
Sales Tax 740,825 740,000 900,000
Donations
Interest Income 23,760 20,000 2,000
Miscellaneous
Total Revenue 764,585 760,000 902,000
Expenditures
Personnel 133,370 142,300
Materials/ minor equipment/ supplies 1,638 12,000 9,750
Contractual Services 3,780 65,000 79,300
Travel and training 2,432 33,000
Sub Total Expenditures $ 7,850 $ 243,370 $ 231,350
Other Financing Sources (Uses):
Transfer for Debt Service $ 156,411 $ 170,630 $ 170,630
Interfund transfers out $ 91,667 $ 150,000 $ 100,000
Subtotal Other Financing Sources $ 248,078 $ 320,630 $ 270,630
Total Expenditures $ 255,928 $ 564,000 $ 501,980
Net Increase (Decrease) in Fund Balance $ 508,657 $ 196,000 $ 400,020
Beginning Budgetary Fund Balance $ 1,900,578 $ 2,409,235 $ 2,605,235
Ending Budgetary Fund Balance $ 2,409,235 $ 2,605,235 $ 3,005,255
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