Page 291 - Southlake FY24 Budget

Reforestation Fund

DID YOU This fund accounts for monies derived from assessments related to the tree
SPECIAL REVENUE FUND
KNOW? preservation ordinance and policies.
DID YOU
KNOW? Reforestation
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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
Permits/Fees $41,349 $5,000 $54,000 $49,000 980.0% $5,000 $0 0.0%
Miscellaneous 0 0 0 (0) -100.0% 0 0 0.0%
Interest (184) 80 3,000 2,920 3650.0% 2,500 2,420 3025.0%
Total Revenues $41,165 $5,080 $57,000 $51,920 1022.0% $7,500 $2,420 47.6%
EXPENDITURES
Parks and Recreation $0 $0 $0 $0 0.0% $0 0 0.0%
Reforestation 0 0 0 0 0.0% 35,000 35,000 349999900.0%
Capital 0 0 0 0 0.0% 0 0 0.0%
Total Expenditures $0 $0 $0 $0 0.0% $35,000 $35,000 116666633.3%
Net Revenues $41,165 $5,080 $57,000 $51,920 ($27,500) ($32,580)
Transfer to other funds $0 $0 $0 $0
Total Other Sources/(Use $0 $0 $0 $0
Beginning Fund Balance $54,847 $96,012 $96,012 $153,012
Ending Fund Balance $96,012 $101,092 $153,012 $125,512
FY 2024 Highlights

- The activities supported by the Reforestation Fund support the City Council’s desire for quality
development by ensuring that the natural environment is protected and preserved, where possible, or at
a minimum replaced.
- The adopted budget reflects permits/fees of $5,000 and interest income of $2,500 for total revenue of
$7,500. It anticipates a beginning fund balance of $153,012.
- For FY 2024, $35,000 is budgeted for tree planting in key city-owned properties, medians, and righ-of-
ways.

FY 2024 City of Southlake | Budget Book 291