Page 119 - CityofHaltomFY23Budget

CITY OF HALTOM CITY ANNUAL BUDGET, FY2023 Special Revenue Funds

PARK DEDICATION FUND

This City has a Park Dedication Ordinance which requires developers of any residential property in
the City to either dedicate park land or pay cash in lieu of land dedication. Money received must
be used for park development and park improvements.

PARK DEDICATION FUND
BUDGET SUMMARY

Actual Adopted Projected Adopted
FUND 25 FY2021 FY2022 FY2022 FY2023

Fund Balance, Beginning 195,707 165,904 170,696 140,893

Revenues
Interest Income 615 800 831 800
Total Revenues 615 800 831 800

Funds Available 196,322 166,704 171,527 141,693

Expenditures
Operations Expenditures 25,626 26,650 30,634 85,000
Total Expenditures 25,626 26,650 30,634 85,000

Fund Balance, Ending 170,696 140,054 140,893 56,693

Park Dedication Fund Ending Fund Balance

$200,000

$150,000

$100,000

$50,000

$0
Actual 2021 Adopted 2022 Projected 2022 Proposed 2023