Page 58 - Cover 3.psd

ADOPTED | BUDGET

Gas Development Fund FY 2022/2023 Adopted Budget

Revenues / Resources

The FY 2022/2023 adopted revenues in the Gas Development Fund are $711,844. This is
$238,391 or 50.4% higher than the FY 2021/2022 Adopted Budget. Below are the revenue
highlights.

 $238,391increase in Gas Royalty Revenue based on current year collection trend.
 $2,418 increase in Interest Income based on cash on hand that is available for investing.

Expenditures

The adopted expenditures are $711,844 and reflects a decrease from FY 2021/2022 Adopted
Budget of $238,391 or 50.4% Below are the expenditure highlights.

 $250,000 increase in the Transfer to Capital projects for planned capital projects included in
the FY 2022/2023 proposed capital budget.
 ($11,609) decrease to the Planned Contribution to Fund Balance resulting from the excess
of revenues over expenditures.

Balance

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

58 NRH | TEXAS