Page 29 - Proposed Operating Budget FY24
P. 29
CITY OF HURST
FY 2023 ‐ 2024 ADOPTED BUDGET
PARK DONATION FUND
REVENUES AND EXPENSES
In 1982, the Parks and Recreation Board and the City Council approved the creation of a Park Donation
Fund. The Park Donation Fund collects a 75‐cent voluntary donation from Hurst citizens as revenue to
be used for parks and recreation projects. This is collected on a monthly basis through the utility
billing system. Projects from this fund are recommended by the Parks and Recreation Board and are
approved by the City Council. These projects are usually designed to add improvements to the parks
system that are not funded in the regular budget and meet certain requirements linked to: 1) a high
visibility in the community; 2) a readily identifiable one‐time enhancement; and 3) a community‐wide
appeal.
ESTIMATED FUND BALANCE OCTOTBER 1, 2023 $449,837
REVENUES
Donation Receipts $125,000
TOTAL REVENUES $125,000
TOTAL FUNDS AVAILABLE $574,837
PROPOSED EXPENDITURES
Playground Improvements $100,000
TOTAL EXPENDITURES $100,000
ESTIMATED FUND BALANCE AT SEPTEMBER 30, 2024 $474,837
