Page 53 - Trophy Club ORD 2023-15 Adoption FY23-24

TOWN OF TROPHY CLUB, TEXAS
Annual Program of Services
FY 2023
EDC 4B FY 2021 FY 2022 FY 2022 AMENDED FY 2023 FY 2024 FY 2025 FY 2026
ACTUAL
AMENDED
ACTUAL
BUDGET ESTIMATE PROPOSED PROJECTED PROJECTED

Starting Net Position $ 365,706 $ 212,994 $ 681,082 $ 748,531 $ 1,213,252 $ 1,719,735 $ 1,838,434 $ 1,961,541

Revenue
Sales Tax - General $ 669,026 $ 600,000 $ 748,791 $ 700,000 $ 700,000 $ 700,000 $ 714,000 $ 728,280

Interest Income 22 4,080 4,831 500 34,776 500 510 520

Miscellaneous Revenue - 53,625 - 52,625 52,625 52,625 51,625 50,625
Total Revenue $ 669,048 $ 657,705 $ 753,622 $ 753,125 $ 787,401 $ 753,125 $ 766,135 $ 779,425

Expenses
Personnel
Salaries $ - $ - $ - $ - $ - $ 33,707 $ 34,381 35,068
Overtime - - - - - - - -
Longevity - - - - - - - -
Certification Pay - - - - - 180 - -
Cell Phone Stipend - - - - - 180 184 187

Retirement - - - - - 4,453 4,542 4,633

Medical Insurance - - - - - 2,164 2,207 2,251
Dental Insurance - - - - - 185 189 193

Vision Insurance - - - - - 39 39 40

Life Insurance & Other - - - - - 248 253 258

Social Security Taxes - - - - - 2,090 2,132 2,174

Medicare Taxes - - - - - 489 499 508

Unemployment Taxes - - - - - 38 39 39

Workers' Compensation - - - - - 138 141 144
Total Personnel $ - $ - $ - $ - $ - $ 43,909 $ 44,604 $ 45,496

Professional Outside Services $ 4,500 $ 15,000 $ - $ 50,000 $ 5,000 $ 50,000 $ 51,000 $ 52,020

Auditing 4,000 5,000 5,000 5,000 5,000 5,000 5,100 5,202
Advertising 10,904 35,000 12,895 25,000 25,000 25,000 25,500 26,010

Printing - 200 - 500 - 500 510 520
Schools & Training - 1,000 - 3,000 - 3,000 3,060 3,121

Dues & Membership - 1,200 - 2,500 - 2,500 2,550 2,601

Travel & Per Diem - 750 - 2,000 - 2,000 2,040 2,081

Office Supplies - 200 - 500 - 500 510 520

Miscellaneous Expense - 4,000 2,500 4,000 4,000 4,000 4,080 4,162

Incentive Programs 100,000 - - - - 300,000 306,000 312,120

Depreciation Expense - EDC - - - - - - - -

Bond Interest - - 90,258 - - - - -

Paying Agent Fees 600 408 800 416 400 408 416 424

Transfer to General Fund 40,000 40,000 - 40,000 40,000 40,000 40,000 40,000
Transfer to General Fund/DSR - - - - - - - -

Transfer to Debt Service 193,668 200,257 110,000 201,518 201,518 201,518 202,263 202,463

Total Expenses $ 353,672 $ 303,015 $ 221,453 $ 334,434 $ 280,918 $ 634,426 $ 643,029 $ 651,244

Net Increase (Decrease) $ 315,376 $ 354,690 $ 532,169 $ 418,691 $ 506,483 $ 118,699 $ 123,106 $ 128,181

Ending Net Position $ 681,082 $ 567,685 $ 1,213,252 $ 1,167,223 $ 1,719,735 $ 1,838,434 $ 1,961,541 $ 2,089,723
PERSONNEL SCHEDULE
POSITION TITLE FY 2023 FY 2024
TOWN MANAGER 1.00 0.80 80% Funded by General Fund - 5% Funded by Hotel Occupancy Fund
TOTAL FTEs 1.00 0.80
FY24 Adopted Budget 45