Page 52 - Trophy Club FY22 Budget

TOWN OF TROPHY CLUB, TEXAS
Annual Program of Services

FY 2021
EDC 4B FY 2019 FY 2020 FY 2020 AMENDED FY 2021 FY 2022 FY 2023 FY 2024
ACTUAL
ACTUAL
APPROVED
BUDGET ESTIMATE APPROVED PROJECTED PROJECTED
Starting Net Position $ 636,691 $ 331,798 $ (32,312) $ 365,706 $ 365,706 $ 229,725 $ 584,415 $ 947,672

Revenue
Sales Tax - General $ 497,487 $ 486,224 $ 575,821 $ 525,000 $ 624,108 $ 600,000 $ 612,000 $ 624,240
NTX Magazine Revenue - - - - - - - -
Interest Income 5,454 4,000 - 4,000 6 4,080 4,162 4,245
Miscellaneous Revenue - - 64,106 - - 53,625 52,625 51,625
Total Revenue $ 502,941 $ 490,224 $ 639,927 $ 529,000 $ 624,115 $ 657,705 $ 668,787 $ 680,110

Expenses
Professional Outside Services $ 1,116 $ 4,000 $ 3,254 $ 4,000 $ 4,000 $ 15,000 $ 15,300 $ 15,606
Auditing 2,000 4,000 4,000 4,000 4,000 5,000 5,100 5,202
Advertising 3,895 35,000 - 35,000 15,506 35,000 35,700 36,414
Printing 34 200 - 200 100 200 204 208

Schools & Training - 1,000 - 1,000 1,000 1,000 1,020 1,040
Dues & Membership - 1,200 - 1,200 1,200 1,200 1,224 1,248
Travel & Per Diem - 750 - 750 500 750 765 780
Office Supplies 25 200 - 200 200 200 204 208
Miscellaneous Expense 2,501 4,000 2,500 4,000 2,000 4,000 4,080 4,162
EDC Projects - - - - - - - -
Incentive Programs 696,940 - - - 297,722 - - -
Transfer to General Fund/DSR - 30,000 30,000 30,000 230,000 40,000 40,000 40,000
Transfer to Debt Service 99,023 201,555 - 203,668 203,668 200,257 201,518 202,263
Bond Principal - - - - - - - -
Bond Interest 1,900 - 106,926 - - - - -
Debt Issue Cost - - - - - - - -

Paying Agent Fees 400 400 600 400 200 408 416 424
Total Expenses $ 807,834 $ 282,305 $ 147,280 $ 284,418 $ 760,096 $ 303,015 $ 305,531 $ 307,556

Net Increase (Decrease) $ (304,893) $ 207,919 $ 492,647 $ 244,582 $ (135,981) $ 354,690 $ 363,256 $ 372,554

Ending Net Position $ 331,798 $ 539,718 $ 460,335 $ 610,289 $ 229,725 $ 584,415 $ 947,672 $ 1,320,226

50 FY22 Approved Budget