Page 289 - Southlake FY24 Budget

Recycling Fund

DID YOU This fund accounts for an annual payment to the City made by the City’s solid
GENERAL FUND
KNOW? waste services provider, per the terms of the service contract.
DID YOU
Recycling
KNOW? 2 2024 Proposed and 2023 Revised Budget t
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$ Increase/ $ Increase/ Special Revenue Funds
2022 2023 2023 (Decrease) % Increase/ 2024 (Decrease) % Increase/
Actual Adopted Amended Adopted -Decrease Proposed Adopted -Decrease
REVENUES
Recycling Recovery $86,058 $6,000 $6,000 $0 0.0% $6,000 $0 0.0%
Interest (372) 125 3,200 3,075 2460.0% 2,000 1,875 1500.0%
Total Revenues $85,686 $6,125 $9,200 $3,075 50.2% $8,000 $1,875 30.6%
EXPENDITURES
Special Projects $23,852 $5,600 $5,600 $0 0.0% $6,000 400 7.1%
Recycling Supplies 0 0 0 0 0.0% 0 0 0.0%
Capital 0 0 0 0 0.0% 0 0 0.0%
Total Expenditures $23,852 $5,600 $5,600 $0 0.0% $6,000 $400 7.1%
Net Revenues $61,834 $525 $3,600 $3,075 $2,000 $1,475
Transfer to other funds $0 $0 ($67,091) $0
Total Other Sources/(Uses) $0 $0 ($67,091) $0
Beginning Fund Balance $76,458 $138,292 $138,292 $74,801
Ending Fund Balance $138,292 $138,817 $74,801 $76,801
FY 2024 Highlights

- The City’s contract for solid waste services provides for an annual payment to the City of $6,000 for a
total projected revenue of $8,00, including interest.
- Note that the beginning fund balance is $74,801. The adopted budget includes $6,000 for recycling
education.
- The projected ending fund balance is $76,801.

FY 2024 City of Southlake | Budget Book 289