Page 290 - Southlake FY23 Budget

SPECIAL REVENUE FUNDS

Park dediCation fee fund

This fund accounts for dedication fees on new development. Use of park dedication fees is restricted to park
SPECIAL REVENUE FUND
improvements and primarily used for capital expenses.
Park Dedication
2023 Proposed and 2022 Revised Budget

$ Increase/ $ Increase/
2021 2022 2022 (Decrease) % Increase/ 2023 (Decrease) % Increase/
Actual Adopted Amended Adopted -Decrease Proposed Adopted -Decrease
REVENUES
Permits/Fees $334,504 $90,000 $200,000 $110,000 122.2% $90,000 $0 0.0%
Miscellaneous 0 0 0 0 0.0% 0 0 0.0%
Interest 1,088 2,100 500 (1,600) -76.2% 500 (1,600) -76.2%
Total Revenues $335,592 $92,100 $200,500 $108,400 117.7% $90,500 ($1,600) -1.7%

EXPENDITURES
Parks and Recreation $0 $0 $0 $0 0.0% $0 0 0.0%
Park Improvements 0 0 0 0 0.0% 0 0 0.0%
Land 0 0 0 0 0.0% 0 0 0.0%
Total Expenditures $0 $0 $0 $0 0.0% $0 $0 0.0%

Net Revenues $335,592 $92,100 $200,500 $108,400 $90,500 ($1,600)

Transfer from other funds $0 $0 $0 $0
Transfer to other funds $0 ($480,000) ($630,000) $0
Total Other Sources/(Uses) $0 ($480,000) ($630,000) $0

Beginning Fund Balance $1,252,620 $1,588,212 $1,588,212 $1,158,712
Ending Fund Balance $1,588,212 $1,200,312 $1,158,712 $1,249,212

fy 2023 highlightS:

• The budget anticipates a beginning fund balance of $1,158,712.

• The adopted budget reflects revenues of $90,000 in fees and $500 in interest earnings for total revenues of
$90,500.

• For FY 2023, no expenditures are budgeted.

• This budget proposes no transfers to the Capital Improvements Program (CIP) in FY 2023.

• The ending fund balance is projected to be $1,249,212.

BUDGET BOOK | FY 2023 City of Southlake 289
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