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ADOPTED | BUDGET

Gas Development Fund

The Gas Development Fund accounts for royalty payments generated from natural gas
development on city property.

Gas Development Fund FY 2021/2022 Revised Budget

Revenues / Resources

The revised revenues for FY 2021/2022 are $711,565. This is $238,112 above the FY 2021/2022
Adopted Budget. Below are the revenue highlights.

 $235,973 increase in Gas Royalty Revenue based on current year collection trend.
 $2,139 increase in Interest Income based on cash on hand that is available for investing.

Expenditures

The revised expenditures for FY 2021/22 are $711,565. This is $238,112 or 50.3% above the FY
2021/2022 Adopted Budget. Below are the expenditure highlights.

 $41,000 increase for the purchase of city owned property.
 $197,112 increase to Planned Contributions to Reserve resulting from excess revenues
over expenditures.

Balance

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

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