Page 93 - PantegoFY24AdoptedBudget

Pantego Economic Development Corporation Budget
COMBINED Statement of Revenues and Expenditures
Fiscal Year 2023-2024
901
Debt Service
Operating Fund Fund Total

Estimated Beginning Fund Balance $ 2,233,068 $ - $ 2,233,068

REVENUES
Sales Tax Revenue $ 727,553 $ 52,447 $ 780,000
Oil and Gas Royalty 500 500
Other Revenue 4,500 4,500
Interest Income 42,500 - 42,500
TOTAL REVENUE $ 775,053 $ 52,447 $ 827,500

EXPENDITURES
Principal Payment $ ‐ $ ‐ $ ‐
Interest Payment - 52,447 $ 52,447
Auditing Contractual Service 1,500 $ 1,500
Contract Services 5,000 - $ 5,000
EDC Consultant moved to Transfer to GF - - $ ‐
Marketing and Advertising 72,755 - $ 72,755
Activities 15,000 - $ 15,000
Park Operations/Maintenance 81,500 - $ 81,500
Travel/Training/Arlington ChamberOther 24,000 - $ 24,000
Economic Development Grants 50,000 - $ 50,000
Bicentennial Park - - $ ‐

Bond Park Projects 1,079,025 $ 1,079,025
303 Corridor Projects 50,000 $ 50,000
Marquee Signage 172,500 $ 172,500
Park Row Corridor Impovements & Promo. 380,000 $ 380,000
TOTAL EXPENDITURES $ 1,931,280 $ 52,447 $ 1,983,727

TRANSFERS OUT
Transfer to GF (Admin Fees) $ 158,064 $ ‐ $ 158,064
Transfer to GF (Park Maintenance) 135,485 ‐ 135,485
Transfer to GF EDC Coordinator 64,828 64,828
Transfer to GF (CRB) 17,250 - 17,250
TOTAL TRANSFERS OUT $ 375,627 $ - $ 375,627

Change in Fund Balance (1,531,854) - (1,531,854)

Estimated Ending Fund Balance $ 701,214 $ - $ 701,214

ADOPTED BUDGET FY2023-24 TOWNOFPANTEGO.COM/BUDGET PAGE 85