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ADOPTED | BUDGET

Parks and Recreation Facilities Development Fund FY 2021/2022 Revised Budget

Revenues / Resources

The revised revenues for FY 2021/2022 are $10,444,586. This is $515,364 or 5.2% above the FY
2021/2022 Adopted Budget. Below are the revenue highlights.

 $532,526 increase in Sales tax based on year to date actual collections.
 $10,100 increase in Athletic Program revenue due in large part to the direct rental of the
softball fields for games and tournaments to teams and increased enrollment in each adult
softball league season.
 $41,500 increase in Tennis Center revenue due in large part to the growth seen in RTC
hosted tournament registrations and individual fee-based program participation in
instructional classes as well as group and private lessons at the Richland Tennis Center.
 $20,758 increase in Appropriation of Fund Balance for the annual encumbrance roll.
 ($96,209) decrease in NRH Centre revenue due to a decrease in health and group fitness
use, as well as public swim party bookings.

Expenditures

The revised expenditures for FY 2021/2022 are $10,444,586. This is $515,364 or 5.2% above the
FY 2021/2022 Adopted Budget. Below are the expenditure highlights.

 $80,389 increase in Transfers due to the following:
o $67,075 increase presented as a budget amendment during the May 9, 2022
Council meeting for capital project PK2105 Richfield Park Tennis / Pickleball Court
Replacement which provided for the replacement construction of the Richfield Park
tennis court.
o $13,314 increase in the Economic Development Transfer in direct proportion to the
increase in Sales Tax Revenue re-estimate for FY 2021/2022.

 $385,238 increase to the Planned Contribution to Fund Balance resulting from the following
activity:
o ($168,917) reduction in Planning Contribution to NRH and Impact Fee Reserve due
to cost of emergency repairs.
o $554,155 increase to Planned Contribution to Park Fund Balance resulting from
excess revenues over expenditures.

Balance

The revised budget for FY 2021/2022 reflects an ending balance of $0.

36 NRH | TEXAS