Page 21 - RichlandHillsFY24ProposedBudget

OIL & GAS FUND (FUND 012)
DEPARTMENT
60/61 OIL & GAS LEASE PROJ
FY 2024 TO FY 2024 TO
FY 2021 FY 2022 FY 2023 FY 2024 FY 2023 FY 2023
DESCRIPTION ACTUAL ACTUAL ADOPTED PROPOSED $ CHANGE % CHANGE

OIL AND GAS LEASE REV $ 74,010 $ 308,117 $ 77,000 $ 100,000 $ 23,000 29.9%
TOTAL REVENUE $ 74,010 $ 308,117 $ 77,000 $ 100,000 $ 23,000 29.9%

MISCELLANEOUS $ - $ 2,357 $ - $ 25,000 $ 25,000 100.0%

CAPITAL 107,424 51,924 - - - 0.0%
PARK IMPROVEMENTS - 7,800 95,000 247,000 152,000 160.0%
TOTAL EXPENDITURES $ 107,424 $ 62,081 $ 95,000 $ 272,000 $ 177,000 186.3%
BEGINNING FUND BALANCE $ 256,207 222,793 468,829 713,829
ENDING FUND BALANCE $ 222,793 $ 468,829 $ 450,829 $ 541,829

ROAD & STREET FUND (FUND 025)
DEPARTMENT
32/33 ROAD & STREET CONSTRUCTION FUND
FY 2024 TO FY 2024 TO
FY 2021 FY 2022 FY 2023 FY 2024 FY 2023 FY 2023
DESCRIPTION ACTUAL ACTUAL ADOPTED PROPOSED $ CHANGE % CHANGE

SALES & USE TAX $ 1,381,609 $ 1,741,482 $ 1,767,081 $ 1,828,929 $ 61,848 3.5%
TRANSFERS IN 132,553 251,480 - - 0 0.0%
TOTAL REVENUE $ 1,514,162 $ 1,992,962 $ 1,767,081 $ 1,828,929 $ 61,848 3.5%

STREET CONSTRUCTION $ 652,475 $ 1,841,535 $ 2,929,388 $ 1,840,000 $ (1,089,388) -37.2%
STREET REPAIRS & MAINT. 13,356 18,340 - 100,000 100,000 100.0%
STREET CAPITAL/EQUIP 87,212 - - - - 0.0%

TOTAL EXPENDITURES $ 753,043 $ 1,859,875 $ 2,929,388 $ 1,940,000 $ (989,388) -33.8%
BEGINNING FUND BALANCE $ 1,125,837 1,886,956 2,020,043 2,646,417
ENDING FUND BALANCE $ 1,886,956 $ 2,020,043 $ 857,736 $ 2,535,346

City of Richland Hills 19