Page 89 - KennedaleFY24AdoptedBudget
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OVERVIEW: PARK DEDICATION FUND
Revenue for the Park Dedication Fund (14) comes primarily from fees associated with certain
residential developments within the City and proportionate interest income from pooled
investments. Expenditures from this fund are tied to park maintenance and improvements.
FUND 14 PARK DEDICATION
Account Description FY22 Actual FY23 Budget FY23 Est Actuals FY24 Budget
14-4194-00-00 PARK DEDICATION FEES 46,800 49,680 9,600 12,000
14-4401-00-00 INVESTMENT INCOME 4,689 2,100 15,000 15,000
14-4409-00-00 MISCELLANEOUS INCOME 354 500 - -
TOTAL REVENUES $ 51,843 $ 52,280 $ 24,600 $ 27,000
Account Description FY22 Actual FY23 Budget FY23 Est Actuals FY24 Budget
14-5580-01-00 BRICK PAVERS 125 196 - -
14-5820-00-00 BUILDING IMPROVEMENTS 150,000 45,000 45,000
14-5875-00-00 CONSTRUCTION 20,000 - -
14-5955-02-00 SONORA PARK BALLFIELDS 50,000 - -
TOTAL EXPENDITURES $ 125 $ 220,196 $ 45,000 $ 45,000
NET CHANGE IN FUND BALANCE $ 51,718 $ (167,916) $ (20,400) $ (18,000)
BEGINNING FUND BALANCE — OCT 1 $ 648,018 $ 699,736 $ 699,736 $ 679,336
ENDING FUND BALANCE — SEPT 30 $ 699,736 $ 531,821 $ 679,336 $ 661,336
CITYOFKENNEDALE.COM/BUDGET 86
