Page 59 - Trophy Club ORD 2023-15 Adoption FY23-24

TOWN OF TROPHY CLUB, TEXAS
Annual Program of Services
FY 2023
TIRZ#1 Fund FY 2021 FY 2022 FY 2022 AMENDED FY 2023 FY 2024 FY 2025 FY 2026
ACTUAL
AMENDED
ACTUAL
BUDGET ESTIMATE PROPOSED PROJECTED PROJECTED
Beginning Fund Balance $ (354,812) $ (399,802) $ (327,716) $ (266,829) $ (266,168) $ (98,737) $ 2,967 $ 105,766
Revenue
Property Tax $ 124,872 $ 79,744 $ - $ - $ 79,744 $ 79,744 $ 81,339 $ 82,966

Sales Tax - 28,050 - 79,744 28,611 81,339 82,966 84,625
Miscellaneous Revenue - - 13,190 - -
Total Revenue $ 124,872 $ 107,794 $ 13,190 $ 79,744 $ 108,355 $ 161,083 $ 164,305 $ 167,591
Expenses
Professional Outside Services $ - $ 3,000 $ 1,000 $ - $ 3,000 $ 3,000 $ 4,000 $ 4,000

Incentive Programs 127,929 37,728 41,935 3,000 37,924 56,379 57,507 58,657
Total Expenditures $ 127,929 $ 40,728 $ 42,935 $ 3,000 $ 40,924 $ 59,379 $ 61,507 $ 62,657
Total Other Sources (Uses) $ - $ - $ - $ - $ - $ - $ - $ -
Other Sources (Uses)
Debt Proceeds $ - $ - $ - $ - $ - $ - $ - $ -
Transfer from Tax Notes - - - - - - - -
Transfer In 30,153 - 91,293 100,000 100,000 - - -

Net Increase (Decrease) $ 27,096 $ 67,066 $ 61,548 $ 176,744 $ 167,431 $ 101,704 $ 102,798 $ 104,934
Ending Fund Balance $ (327,716) $ (332,736) $ (266,168) $ (90,085) $ (98,737) $ 2,967 $ 105,766 $ 210,700

FY24 Adopted Budget 51