Page 53 - Trophy Club FY22 Budget

TOWN OF TROPHY CLUB, TEXAS
Annual Program of Services

FY 2021
TIRZ#1 Fund FY 2019 FY 2020 FY 2020 AMENDED FY 2021 FY 2022 FY 2023 FY 2024
ACTUAL
ACTUAL
APPROVED
BUDGET ESTIMATE APPROVED PROJECTED PROJECTED
Beginning Fund Balance $ (592,352) $ (540,670) $ (522,683) $ (354,811) $ (354,812) $ (266,829) $ (199,763) $ (132,295)
Revenue
Property Tax $ 74,940 $ 154,068 $ 129,579 $ 112,763 $ 112,763 $ 79,744 $ 81,339 $ 82,966

Sales Tax 5,087 7,800 51,704 27,500 27,500 28,050 28,611 29,183
Total Revenue $ 80,027 $ 161,868 $ 181,283 $ 140,263 $ 140,263 $ 107,794 $ 109,950 $ 112,149
Expenses
Professional Outside Services $ 1,116 $ 3,000 $ 3,254 $ 3,000 $ 3,000 $ 3,000 $ 4,000 $ 4,000

Incentive Programs 9,242 42,096 10,157 49,280 49,280 37,728 38,483 39,252
Total Expenditures $ 10,358 $ 45,096 $ 13,411 $ 52,280 $ 52,280 $ 40,728 $ 42,483 $ 43,252
Total Other Sources (Uses) $ - $ - $ - $ - $ - $ - $ - $ -
Net Increase (Decrease) $ 69,669 $ 116,772 $ 167,872 $ 87,983 $ 87,983 $ 67,066 $ 67,468 $ 68,897
Ending Fund Balance $ (522,683) $ (423,898) $ (354,811) $ (266,828) $ (266,829) $ (199,763) $ (132,295) $ (63,398)

51 FY22 Approved Budget