Page 285 - Southlake FY24 Budget

Park Dedication Fee Fund

DID YOU This fund accounts for dedication fees on new development. Use of park
SPECIAL REVENUE FUND
KNOW? dedication fees is restricted to park improvements and primarily used for
DID YOU
KNOW? capital expenses. Park Dedication
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2 2024 Proposed and 2023 Revised Budget t Special Revenue Funds
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$ Increase/ $ Increase/
2022 2023 2023 (Decrease) % Increase/ 2024 (Decrease) % Increase/
Actual Adopted Amended Adopted -Decrease Proposed Adopted -Decrease
REVENUES
Permits/Fees $215,837 $90,000 $373,300 $283,300 314.8% $90,000 $0 0.0%
Miscellaneous 0 0 0 0 0.0% 0 0 0.0%
Interest (4,550) 500 35,000 34,500 6900.0% 30,000 29,500 5900.0%
Total Revenues $211,287 $90,500 $408,300 $317,800 351.2% $120,000 $29,500 32.6%
EXPENDITURES
Parks and Recreation $0 $0 $0 $0 0.0% $0 0 0.0%
Park Improvements 0 0 0 0 0.0% 0 0 0.0%
Land 0 0 0 0 0.0% 0 0 0.0%
Total Expenditures $0 $0 $0 $0 0.0% $0 $0 0.0%
Net Revenues $211,287 $90,500 $408,300 $317,800 $120,000 $29,500
Transfer from other funds $0 $0 $0 $0
Transfer to other funds ($630,000) $0 $0 $0
Total Other
Sources/(Uses) ($630,000) $0 $0 $0
Beginning Fund Balance $1,588,212 $1,169,499 $1,169,499 $1,577,799
Ending Fund Balance $1,169,499 $1,259,999 $1,577,799 $1,697,799
FY 2024 Highlights
- The budget anticipates a beginning fund balance of $1,577,799.
- The adopted budget reflects revenues of $90,000 in fees and $30,000 in interest earnings for total
revenues of $120,000.
- For FY 2024, no expenditures are budgeted.

- This budget includes no transfers to the Capital Improvements Program (CIP) in FY 2024.

- The ending fund balance is projected to be $1,697,799.

FY 2024 City of Southlake | Budget Book 285