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ADOPTED | BUDGET

Parks and Recreation Facilities Development Fund FY 2022/2023 Adopted Budget

Revenues / Resources

The FY 2022/2023 adopted revenues in the Parks and Recreation Facilities Development Fund
are $10,742,547. This is an increase from the FY 2021/2022 Adopted Budget of $813,325 or
8.2%. Below are the revenue highlights.

 $553,397 increase in Sales tax due to forecasting the higher collection trend will continue
into the coming year.
 $46,890 increase in projected Grand Hall rental revenue based on scheduled events.
 $35,500 increase in Tennis Center revenue due in large part to the growth seen in
tournament games as well as individual registration in group classes, group lessons and
private lesson enrollment at the Richland Tennis Center.
 $203,748 increase in Appropriation of Fund Balance due to NRH Centre capital projects
planned for the fiscal year.

Expenditures

The FY 2022/2023 adopted expenditures in the Parks and Recreation Facilities Development
Fund are $10,742,547. This is an increase of $813,325 or 8.2% from the FY 2021/2022 Adopted
Budget. Below are the expenditure highlights.

 ($86,588) decrease in Park Facilities Development Administration due to reorganization of
Administration staff.
 $128,768 increase to Parks & Public Grounds due to reorganization and reclassification of
positions.
 ($230,000) decrease to the Impact Fee Capital Projects due to there not being any capital
projects in the FY 2022/2023 Adopted Capital Budget generating this type of an expense.
 $454,000 increase to transfer to Parks Capital Projects for FY 2022/2023.
 $419,112 increase in the Planned Contribution to Fund Balance resulting from excess
revenues over expenditures.
 $166,639 increase in expense for the FY 2022/2023 Market/Merit adjustment.

Balance

The adopted budget for FY 2022/2023 reflects an ending balance of $0.

37 NRH | TEXAS