Page 333 - HurstFY23AnnualBudget

APPROVED BUDGET FISCAL YEAR 2022-2023

CITY OF HURST
FY 2022 - 2023 PROPOSED BUDGET
PARK DONATION FUND
REVENUES AND EXPENDITURE SUMMARY
In 1982, The Parks and Recreation Board approved and the City Council approved the creation
of a Park Donation Fund. The Park Donation Fund collects a 75-cent voluntary donation from
Hurst citizens as revenue to be used for parks and recreation projects. This is collected on a
monthly basis through the utility billing system. Projects from this fund are recommended by
the Parks and Recreation Board and are approved by the City Council. These projects are
usually designed to add improvements to the parks system that are not funded in the regular
budget and meet certain requirements linked to: 1) a high visibility in the community; 2) a
readily identifiable one-time enhancement; and 3) a community-wide appeal.

FY 2019 FY 2020 FY 2021 FY 2022 FY 2022 FY 2023
LINE ITEM DESCRIPTION ACTUALS ACTUALS ACTUALS BUDGET ESTIMATES ADOPTED

BEGINNING FUND BALANCE 456,080 528,212 689,522 379,210 379,210 486,623

REVENUES

NEGOTIABLE ORDER -
INTEREST INCOME 10,049 - - - - -
CD'S-INTEREST INCOME - 3,549 1,473 - 85 -
PARK DONATIONS 142,083 198,100 151,685 145,000 108,231 145,000
GAIN/LOSS ON SALE OF INV - (1,839) (142) - 145 -

TOTAL REVENUES 152,132 199,810 153,016 145,000 108,461 145,000

TOTAL FUNDS AVALIABLE 608,212 728,022 842,538 524,210 487,671 631,623

EXPENDITURES

OTHER STRUCTURE
MAINTENANCE - - - -
PROFESSIONAL SERVICES 20,000 - - -
OTHER LAND IMPROVEMENTS 60,000 - 393,701 -
BUILDING AND STRUCTURES - - - -
OTHER BUILDING AND
STRUCTURE - 38,500 - 150,000 1,048 164,000

TOTAL EXPENDITURES 80,000 38,500 393,701 150,000 1,048 164,000

ENDING FUND BALANCE 528,212 689,522 379,210 374,210 486,623 467,623

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