Page 292 - NEXT YEAR BUDGET DETAIL REPORT

COLLEYVILLE ECONOMIC DEVELOPMENT CORPORATION
ECONOMIC DEVELOPMENT BUDGET & CAPITAL IMPROVEMENT PROGRAM FY 2024 - FY 2028

Budget Projection Projection Projection Projection Projection Projection
FISCAL YEAR 2023 2023 2024 2025 2026 2027 2028
BEGINNING FUND BALANCE $6,480,855 $6,480,855 $6,586,515 $6,175,422 $6,388,017 $6,687,895 $6,852,546
REVENUES:
1/2 CENT SALES TAX REVENUE $2,400,000 $2,617,970 $2,586,554 $2,638,286 $2,704,243 $2,771,849 $2,841,145
GRANT PROCEEDS $225,000 $0 $225,000 $227,250 $229,523 $231,818 $234,136
INTEREST INCOME $10,000 $100,000 $60,000 $63,000 $63,630 $64,266 $64,909
TOTAL REVENUE $2,635,000 $2,717,970 $2,871,554 $2,928,536 $2,997,395 $3,067,933 $3,140,190
EXPENDITURES:
ADMINISTRATIVE: $2,000 $2,000 $2,000 $2,060 $2,122 $2,185 $2,251
PARKS:
BEAUTIFICATION/LANDSCAPE SUPERVISOR &
PARKS MAINTENANCE TECH I $177,319 $103,351 $176,459 $186,239 $195,878 $206,203 $216,451
WATER / WASTEWATER- MC PHERSON PARK $5,628 $1,560 $5,628 $5,684 $5,770 $5,856 $5,944
TECHNOLOGY - HARDWARE REPLACEMENT
MAINTENANCE $310,942 $310,942 $310,942 $314,051 $318,762 $323,544 $328,397
RECREATION:
PERSONNEL $0 $0 $411,033 $434,002 $456,610 $480,844 $504,870
LIBRARY:
PERSONNEL $408,953 $379,753 $422,570 $439,840 $457,499 $475,977 $494,911
OPERATIONS $34,875 $14,920 $40,987 $42,488 $44,127 $45,841 $47,634
OFFICE EQUIPMENT/FURNITURE MAINTENANCE $32,756 $32,756 $32,756 $33,084 $33,580 $34,084 $34,595
TECHNOLOGY - HARDWARE REPLACEMENT $30,600 $30,600 $30,600 $30,906 $31,370 $31,840 $32,318
SENIOR CENTER:
PERSONNEL $106,996 $119,426 $112,385 $118,170 $123,917 $130,042 $136,163
OPERATIONS $500 $0 $500 $500 $500 $500 $500
TECHNOLOGY - HARDWARE REPLACEMENT $3,100 $0 $3,100 $3,136 $3,191 $3,246 $3,302
COLLEYVILLE CENTER:
PERSONNEL $141,268 $141,268 $96,245 $101,108 $105,950 $111,103 $116,262
OPERATIONS $5,000 $5,000 $4,400 $4,444 $4,511 $4,578 $4,647
ADVERTISING $45,000 $24,721 $45,000 $45,450 $46,132 $46,824 $47,526
MONUMENT SIGN $16,500 $16,500 $0 $0 $0 $0 $0
TECHNOLOGY- SOFTWARE & MAINTENANCE CONTRACTS $7,241 $7,241 $7,241 $7,313 $7,423 $7,534 $7,647
TECHNOLOGY - HARDWARE REPLACEMENT $3,850 $3,850 $4,450 $4,495 $4,562 $4,630 $4,700
SPECIAL EVENTS:
MOVIES IN THE VILLAGE $15,375 $15,375 $19,310 $19,503 $19,796 $20,092 $20,394
STARS & GUITARS $95,000 $95,000 $119,313 $120,506 $122,314 $124,149 $126,011
TREE LIGHTING / CHRISTMAS EVENT $65,000 $65,000 $81,635 $82,452 $83,689 $84,944 $86,218
HARVEST FESTIVAL $21,000 $21,000 $26,375 $26,638 $27,038 $27,443 $27,855
FARMERS MARKET $10,000 $10,000 $12,559 $12,685 $12,875 $13,068 $13,264
FINE ARTS EVENT $10,250 $10,250 $12,873 $13,002 $13,197 $13,395 $13,596
SPECIAL EVENTS $10,000 $10,000 $12,559 $12,685 $12,875 $13,068 $13,264
TOTAL OPERATING EXPENDITURES $1,559,154 $1,420,513 $1,990,921 $2,060,441 $2,133,685 $2,210,992 $2,288,720
EXCESS REVENUES OVER EXPENDITURES $1,075,846 $1,297,457 $880,634 $868,094 $863,710 $856,941 $851,470
CAPITAL:
SIDEWALK/TRAIL CONSTRUCTION/GRANT MATCH $550,000 $550,000 $550,000 $555,500 $563,833 $572,290 $580,874
RESTROOM FACILITY RENOVATIONS $150,000 $150,000 $0 $0 $0 $0 $0
SENIOR CENTER $100,000 $100,000 $0 $0 $0 $0 $0
AWNING: PARKS VEHICLES $0 $0 $100,000 $0 $0 $0 $0
KIMZEE PARK IMPROVEMENTS $0 $0 $425,000 $0 $0 $0 $0
WOODBRIAR PARK IMPROVEMENTS $0 $0 $200,000 $0 $0 $0 $0
FIRE STATIONS 2 & 3 LANDSCAPING $50,000 $50,000 $0 $0 $0 $0 $0
LIBRARY EQUIPMENT AND CAPITAL $141,797 $141,797 $16,727 $0 $0 $0 $0
SECURITY CAMERAS $100,000 $100,000 $0 $100,000 $0 $0 $0
NEW PARK AMENITY $0 $0 $0 $0 $0 $0 $200,000
DREDGING OF NATURE CENTER PONDS $0 $0 $0 $0 $0 $120,000 $0
HEROES PARK $100,000 $100,000 $0 $0 $0 $0 $0
TOTAL CAPITAL EXPENDITURES $1,191,797 $1,191,797 $1,291,727 $655,500 $563,833 $692,290 $780,874
TOTAL EXPENDITURES (OPERATING & CAPITAL) $2,750,951 $2,612,310 $3,282,648 $2,715,941 $2,697,517 $2,903,282 $3,069,594
USE OF FUND BALANCE ON CAPITAL
PROJECTS/(ADDITIONS TO FUND BALANCE) $115,951 $0 $411,093 $0 $0 $0 $0
ENDING FUND BALANCE $6,364,904 $6,586,515 $6,175,422 $6,388,017 $6,687,895 $6,852,546 $6,923,142
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