Page 361 - Southlake FY22 Budget

SPECIAL rEVEnUE FUnDS EXPEnDITUrES

Parks and reCreaTiOn fund

SPECIAL REVENUE FUND
This fund accounts for resources restricted for use by the Community Services department. Such funds include
Park and Recreation
event and other sponsorship funds collected through the City’s sponsorship program.
2022 Proposed and 2021 Revised Budget 11:16 AM
08/05/21

$ Increase/ $ Increase/
2020 2021 2021 (Decrease) % Increase/ 2022 (Decrease) % Increase/
Adopted
Actual Adopted Amended Adopted -Decrease Proposed Adopted -Decrease
REVENUES
Donations/Sponsorships $15,424 $31,000 $12,000 ($19,000) -61.3% $15,000 ($16,000) -51.6%
Miscellaneous 0 0 0 0 0.0% 0 0 0.0%
Interest 2,040 1,250 500 (750) -60.0% 600 (650) -52.0%
Total Revenues $17,464 $32,250 $12,500 ($19,750) -61.2% $15,600 ($16,650) -51.6%

EXPENDITURES
Parks and Recreation $16,749 $72,500 $25,000 ($47,500) -65.5% $25,000 (47,500) -65.5%
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 $16,749 $72,500 $25,000 ($47,500) -65.5% $25,000 ($47,500) -65.5%

Net Revenues $715 ($40,250) ($12,500) $27,750 ($9,400) $30,850

Transfer from other funds $0 $0 $0 $0
Transfer to other funds $0 $0 $0 $0
Total Other Sources/(Uses) $0 $0 $0 $0

Beginning Fund Balance $158,742 $159,457 $159,457 $146,957
Ending Fund Balance $159,457 $119,207 $146,957 $137,557

fy 2022 highlighTs:

• Planned expenses in this fund are directed toward enhancing City special events, programs, athletic fields, and
parks for which sponsorships are granted. The funds received through sponsorships assist with offsetting enhanced
services offered to the community.

• The adopted budget reflects revenues of $15,000 in donations and sponsorships and $600 in interest earnings for
total revenues of $15,600.

• The adopted budget anticipates a beginning fund balance of $146,957. Expenses are estimated at $25,000 leaving
the fund with a projected fund balance of $137,557.

360 FY 2022 City of Southlake | BUDGET BOOK
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