Page 96 - Pantego FY22 Operating Budget

Pantego Economic Development Corporation Budget
COMBINED Statement of Revenues and Expenditures
Fiscal Year 2021-2022
901
Debt Service
Operating Fund Project Fund Fund Total

Estimated Beginning Fund Balance $ 761,627 $ - $ 194,688 $ 956,315
REVENUES
Sales Tax Revenue $ 680,160 $ ‐ $ 680,160
Oil and Gas Royalty 500 - 500
Other Revenue ‐ -
Interest Income 1,350 - - 1,350
TOTAL REVENUE $ 682,010 $ - $ - $ 682,010

EXPENDITURES
Principal Payment $ ‐ $ ‐ $ 190,000 $ 190,000

Interest Payment - - 4,684 $ 4,684
Auditing Contractual Service 3,000 $ 3,000
Contract Services 10,000 - - $ 10,000
EDC Consultant moved to Transfer to GF - - - $ ‐
Marketing and Advertising 68,016 - - $ 68,016
Activities 15,000 - - $ 15,000
Park Operations/Maintenance 79,750 - - $ 79,750
Travel/Training/Arlington ChamberOther 21,500 - - $ 21,500
Economic Development Grants 80,000 - - $ 80,000
Bicentennial Park 85,000 - - $ 85,000
Economic Development Projects 385,000 $ 385,000
TOTAL EXPENDITURES $ 747,266 $ - $ 194,684 $ 941,950

TRANSFERS OUT
Transfer to GF (Admin Fees) $ 99,348 $ ‐ $ ‐ $ 99,348

Transfer to GF (Park Maintenance) 89,928 ‐ ‐ 89,928
Transfer to GF EDC Coordinator 60,000 60,000

Transfer to GF (CRB) 12,000 - - 12,000
TOTAL TRANSFERS OUT $ 261,276 $ - $ - $ 261,276
Change in Fund Balance (326,532) - (194,684) (521,216)

Estimated Ending Fund Balance $ 435,095 $ - $ 5 $ 435,099

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