Page 296 - Southlake FY23 Budget

SPECIAL REVENUE FUNDS

reforeStation fund

SPECIAL REVENUE FUND
This fund accounts for monies derived from assessments related to the tree preservation ordinance and policies.
Reforestation
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 $44,700 $5,000 $30,000 $25,000 500.0% $5,000 $0 0.0%
Miscellaneous 0 0 0 (0) -100.0% 0 0 0.0%
Interest 31 80 50 (30) -37.5% 50 (30) -37.5%
Total Revenues $44,731 $5,080 $30,050 $24,970 491.5% $5,050 ($30) -0.6%

EXPENDITURES
Parks and Recreation $0 $0 $0 $0 0.0% $0 0 0.0%
Reforestation 25,035 0 0 0 0.0% 0 0 0.0%
Capital 0 0 0 0 0.0% 0 0 0.0%
Total Expenditures $25,035 $0 $0 $0 0.0% $0 $0 0.0%

Net Revenues $19,696 $5,080 $30,050 $24,970 $5,050 ($30)

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

Beginning Fund Balance $35,152 $54,848 $54,848 $84,898
Ending Fund Balance $54,848 $59,928 $84,898 $89,948

fy 2023 highlightS:

• The activities supported by the Reforestation Fund support the City Council’s desire for quality development by
ensuring that the natural environment is protected and preserved, where possible, or at a minimum replaced.

• The adopted budget reflects permits/fees of $5,000 and interest income of $50 for total revenue of $5,050. It
anticipates a beginning fund balance of $84,898.

• No expenditures are budgeted for FY 2023.

• The ending fund balance is projected at $89,948.

BUDGET BOOK | FY 2023 City of Southlake 295
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