Page 120 - KennedaleFY24AdoptedBudget
P. 120
FUND 15 ECONOMIC DEVELOPMENT CORPORATION
Account Description FY22 Actual FY23 Budget FY23 Est Actuals FY24 Budget
15-4002-00-00 MMD TAX-CURRENT YEAR - 75,000 75,000 75,000
15-4081-00-00 SALES TAX 619,749 613,491 613,500 613,500
15-4401-00-00 INVESTMENT INCOME 10,151 4,023 64,440 60,000
15-4409-00-00 MISCELLANEOUS INCOME 35,104 33,500 34,500 34,500
15-4412-00-00 LAND PROCEEDS - - -
15-4805-00-00 RENTAL FEES-SHOPPING CENTER 300,025 293,607 307,232 310,807
15-4402-00-00 INTEREST INCOME 12,146 - -
TOTAL REVENUES $ 977,174 $ 1,019,621 $ 1,094,672 $ 1,093,807
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Account Description FY22 Actual FY23 Budget FY23 Est Actuals FY24 Budget
15-5240-01-00 PRINTED SUPPLIES
15-5260-01-00 GENERAL OFFICE SUPPLIES
15-5261-01-00 POSTAGE
15-5280-01-00 MINOR EQUIP/SMALL TOOLS<$5K 6,000 1,000
15-5501-01-00 ADVERTISING 7,000 6,500 7,000
15-5510-01-00 ASSOC DUES/PUBLICATICATIONS 5,067 1,826 1,500 1,500
15-5525-01-00 TRAINING/SEMINARS 500 2,000
15-5565-01-00 LEGAL SERVICES 10,716 14,884 15,500 14,884
15-5567-01-00 AUDIT SERVICES 4,250
15-5570-01-00 SPECIAL SERVICES 15,649 31,025 21,159 30,000
15-5571-01-00 SPECIAL EVENTS 47,905 100,000 100,000 60,000
15-5578-01-00 TRAVEL 1,500
15-5615-01-00 FUNCTIONAL GRANT 16,511 24,766 20,000 150,000
TOTAL OPERATIONS $ 100,598 $ 185,501 $ 165,659 $ 266,884
Account Description FY22 Actual FY23 Budget FY23 Est Actuals FY24 Budget
15-5643-01-03 2007 $1.2M TAX BOND-INTEREST 37,115 31,970 31,970 26,410
15-5644-01-03 2007 $1.2M TAX BOND-PRINCIPAL 75,000 80,000 80,000 85,000
15-5645-01-03 2011 $1.7M TX LEVERAGE – INT 9,460 6,940 13,874 10,492
15-5646-01-03 2011 $1.7M TX LEVERAGE – PRIN 51,809 56,812 47,113 46,038
15-5667-01-03 2020 $1.26M GO REFUNDING – PRINCIPAL 120,000 120,000 125,000
15-5668-01-03 2020 $1.26M GO REFUNDING – INTEREST 18,625 18,625 16,260
TOTAL DEBT SERVICE EXPENDITURES $ 173,384 $ 314,346 $ 311,582 $ 309,201
Account Description FY22 Actual FY23 Budget FY23 Est Actuals FY24 Budget
15-5403-02-00 BUILDING MAINTENANCE 25,037 22,752 2,500 57,000
17-5405-12-03 TOWN CENTER PLAZA - - - 12,000
15-5530-02-00 ELECTRIC SERVICES 5,790 6,084 6,000 7,000
15-5545-02-00 INSURANCE-PROPERTY 14,287 21,431 14,857 21,431
15-5570-02-00 SPECIAL SERVICES 11,829 11,744 12,261 13,000
15-5595-02-00 LANDSCAPING---CAM 2,700 4,050 - 9,000
15-5621-02-00 BANK FEES / PAYING AGENT FEES 19 29 20 30
15-5870-02-00 FOUNTAIN 85,000
15-5870-02-00 MONUMENTS FOR CITY ENTRANCES 80,000
15-5870-02-00 OTHER EQUIPMENT 54,000
TOTAL TOWN SHOPPING CENTER EXPENDITURES $ 59,662 $ 66,089 $ 35,638 $ 338,461
TOTAL EXPENDITURES $ 333,644 $ 565,936 $ 512,879 $ 914,546
REVENUES OVER (UNDER) EXPENDITURES $ 643,531 $ 453,685 $ 581,793 $ 179,261
Account Description FY22 Actual FY23 Budget FY23 Est Actuals FY24 Budget
15-5595-01-00 ADMIN CHARGE – GENERAL FUND (145,855) (397,791) (397,791) (447,522)
15-5702-01-03 TRANSFER OUT – DEBT SERVICE (140,941) - - -
15-5717-00-00 TRANSFER OUT - STREETS FUND (56,124) (56,124) (61,520)
TOTAL OTHER FINANCING SOURCES (USES) $ (286,795) $ (453,916) $ (453,915) $ (509,041)
NET CHANGE IN FUND BALANCE $ 356,735 $ (231) $ 127,878 $ (329,780)
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BEGINNING FUND BALANCE — OCT 1 $ 1,648,785 $ 2,005,520 $ 2,005,520 $ 2,133,398
ENDING FUND BALANCE — SEPT 30 $ 2,005,520 $ 2,005,289 $ 2,133,398 $ 1,803,618
CITYOFKENNEDALE.COM/BUDGET 117
