Page 353 - Southlake FY22 Budget

SPECIAL rEVEnUE FUnDS EXPEnDITUrES

SALES TAX DISTrICTS

community enhancement and deVeloPment corPoration Fund -

rePlacement Fund

The Community Enhancement and Development Corporation - Replacement Fund accounts for the resources needed
to manage the purchase of replacement equipment and capital outlay at The Marq Southlake. The establishment
CEDC - REPLACEMENT FUND
and funding of the Community Enhancement and Development Corporation - Replacement Fund was designed to
Parks/Recreation
even out expenses for the Community Enhancement and Development Corporation from year to year and provide a
2022 Proposed and 2021 Revised Budget
logical method for purchasing and retiring needed equipment and capital outlay.
09:46 AM
07/22/21

$ Increase/ $ Increase/
2020 2021 2021 (Decrease) % Increase/ 2022 (Decrease) % Increase/
Actual Adopted Amended Adopted -Decrease Proposed Adopted -Decrease
Adopted
REVENUES
Interest 0 0 500 500 4999900.0% 500 500 4999900.0%
Total Revenues $0 $0 $500 $500 0.0% $500 $500 4999900.0%

EXPENDITURES
Operations $0 $0 $0 $0 0.0% $0 0 0.0%
Capital 0 0 0 0 0.0% 135,171 135,171 1351709900.0%
Total Expenditures $0 $0 $0 $0 0.0% $135,171 $135,171 675854950.0%

Net Revenues ($0) ($0) $500 $500 ($134,671) ($134,671)

Transfer from other funds $0 $160,000 $160,000 $160,000
Transfer to other funds ($0) ($0) ($0) ($0)
Total Other ($0) $160,000 $160,000 $160,000
Sources/(Uses)
Beginning Fund Balance $0 ($0) ($0) $160,500
Ending Fund Balance ($0) $160,000 $160,500 $185,829

fy 2022 highlighTs:

• This fund was established in FY 2020 to set aside funds for equipment and furniture replacement at The Marq
Southlake.

• FY 2022 includes a projected transfer in from the Community Enhancement and Development Corporation Fund
of $160,000. Capital expenses for the replacement of treadmills at Champions Club are budgeted at $135,171.

• The ending fund balance is projected to be $185,829.

352 FY 2022 City of Southlake | BUDGET BOOK
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