Page 88 - Pantego FY23 Budget

Pantego Economic Development Corporation Budget
COMBINED Statement of Revenues and Expenditures
Fiscal Year 2022-2023
901
Debt Service
Operating Fund Fund Total

Estimated Beginning Fund Balance $ 880,742 $ - $ 880,742

REVENUES
Sales Tax Revenue $ 752,386 $ ‐ $ 752,386
Oil and Gas Royalty 750 750
Other Revenue ‐ -
Interest Income 9,500 - 9,500
TOTAL REVENUE $ 762,636 $ - $ 762,636

EXPENDITURES
Auditing Contractual Service 3,000 $ 3,000
Contract Services 45,000 - $ 45,000
Marketing and Advertising 75,238 - $ 75,238
Activities 15,000 - $ 15,000
Park Operations/Maintenance 76,500 - $ 76,500
Travel/Training/Arlington ChamberOther 21,900 - $ 21,900
Economic Development Grants 80,000 - $ 80,000
Bicentennial Park 95,000 - $ 95,000
303 Corridor Projects 50,000 $ 50,000
Marquee Signage 40,000 $ 40,000
Park Row Corridor Impovements & Promo. 380,000 $ 380,000
TOTAL EXPENDITURES $ 881,638 $ - $ 881,638

TRANSFERS OUT
Transfer to GF (Admin Fees) $ 118,854 $ ‐ $ 118,854
Transfer to GF (Park Maintenance) 119,755 ‐ 119,755
Transfer to GF EDC Coordinator 64,991 64,991
Transfer to GF (CRB) 15,000 - 15,000
TOTAL TRANSFERS OUT $ 318,600 $ - $ 318,600

Change in Fund Balance (437,602) - (437,602)

Estimated Ending Fund Balance $ 443,140 $ - $ 443,140

ADOPTED BUDGET FY2022-23 TOWNOFPANTEGO.COM/BUDGET PAGE 84