Page 291 - Southlake FY23 Budget

SPECIAL REVENUE FUNDS

ParkS and reCreation fund

SPECIAL REVENUE FUND
This fund accounts for resources restricted for use by the Community Services department. Such funds include
event and other sponsorship funds collected through the City’s sponsorship program.
Park and Recreation
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
Donations/Sponsorships $66,707 $46,500 $15,500 ($31,000) -66.7% $46,500 $0 0.0%
Miscellaneous 0 0 0 0 0.0% 0 0 0.0%
Interest 138 600 350 (250) -41.7% 600 0 0.0%
Total Revenues $66,845 $47,100 $15,850 ($31,250) -66.3% $47,100 $0 0.0%

EXPENDITURES
Parks and Recreation $21,163 $72,500 $72,500 $0 0.0% $82,500 10,000 13.8%
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 $21,163 $72,500 $72,500 $0 0.0% $82,500 $10,000 13.8%

Net Revenues $45,682 ($25,400) ($56,650) ($31,250) ($35,400) ($10,000)

Transfer from other funds $0 $0 $0 $0
Transfer to other funds $0 $0 $0 $0
Total Other Sources/(Uses) $0 $0 $0 $0

Beginning Fund Balance $159,457 $205,139 $205,139 $148,489
Ending Fund Balance $205,139 $179,739 $148,489 $113,089

fy 2023 highlightS:

• Planned expenses in this fund are directed toward enhancing City special events, programs, athletic fields,

and parks for which sponsorships are granted. The funds received through sponsorships assist with offsetting
enhanced services offered to the community.

• The proposed budget reflects revenues of $46,500 in donations and sponsorships and $600 in interest earnings
for total revenues of $47,100.
• The adopted budget anticipates a beginning fund balance of $148,489. Expenses are estimated at $82,500
leaving the fund with a projected fund balance of $113,089.

290 FY 2023 City of Southlake | BUDGET BOOK
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