Page 360 - Southlake FY22 Budget

SPECIAL rEVEnUE FUnDS EXPEnDITUrES

Park dediCaTiOn fee fund

SPECIAL REVENUE FUND
This fund accounts for dedication fees on new development. Use of park dedication fees is restricted to park
Park Dedication
improvements and primarily used for capital expenses.
2022 Proposed and 2021 Revised Budget 10:11 AM
07/22/21

$ Increase/ $ Increase/
2020 2021 2021 (Decrease) % Increase/ 2022 (Decrease) % Increase/
Adopted
Actual Adopted Amended Adopted -Decrease Proposed Adopted -Decrease
REVENUES
Permits/Fees $563,559 $90,000 $277,000 $187,000 207.8% $90,000 $0 0.0%
Miscellaneous 0 0 0 0 0.0% 0 0 0.0%
Interest 15,305 5,000 1,900 (3,100) -62.0% 2,100 (2,900) -58.0%
Total Revenues $578,864 $95,000 $278,900 $183,900 193.6% $92,100 ($2,900) -3.1%

EXPENDITURES
Parks and Recreation $0 $0 $0 $0 0.0% $0 0 0.0%
Park Improvements 0 0 0 0 0.0% 0 0 0.0%
Land 0 0 0 0 0.0% 0 0 0.0%
Total Expenditures $0 $0 $0 $0 0.0% $0 $0 0.0%

Net Revenues $578,864 $95,000 $278,900 $183,900 $92,100 ($2,900)

Transfer from other funds $0 $0 $0 $0
Transfer to other funds ($370,000) $0 $0 ($480,000)
Total Other
Sources/(Uses) ($370,000) $0 $0 ($480,000)

Beginning Fund Balance $1,043,756 $1,252,620 $1,252,620 $1,531,520
Ending Fund Balance $1,252,620 $1,347,620 $1,531,520 $1,143,620

fy 2022 highlighTs:

• The budget anticipates a beginning fund balance of $1,531,520.

• The adopted budget reflects revenues of $90,000 in fees and $2,100 in interest earnings for total revenues of
$92,100.

• For FY 2022, no expenditures are budgeted.

• The budget proposes a transfer of $480,000 to the Capital Improvements Program to fund the replacement of
the Bob Jones Nature Center barn.

• The ending fund balance is projected to be $1,143,620.

BUDGET BOOK | FY 2022 City of Southlake 359
WWW.CITYOFSOUTHLAKE.COM