Page 61 - Trophy Club ORD 2023-15 Adoption FY23-24

TOWN OF TROPHY CLUB, TEXAS
Annual Program of Services
Capital Projects FY 2021 FY 2022 FY 2022 FY 2023 FY 2023 FY 2024 FY 2025 FY 2026
Fund ACTUAL AMENDED ACTUAL AMENDED ESTIMATE PROPOSED PROJECTED PROJECTED
BUDGET
Beginning Fund Balance $ 1,984,646 $ 1,422,604 $ 6,199,646 $ 6,067,420 $ 4,952,458 $ (912,745) $ (7,597,345) $ (11,566,537)
Revenue
Contributions/Grants $ - $ - $ - $ - $ - $ - $ - $ -

Interest Revenue 7,015 1,000 62,538 - 139,239 20,000 10,000 1,000
Miscellaneous Revenue - - - 20,000 84,424 20,400 20,808 21,224
Intergovernmental Revenue - - - - - - - -
Prior Year Adjustment - - - - - - - -

Total Revenue $ 7,015 $ 1,000 $ 62,538 $ 20,000 $ 223,662 $ 40,400 $ 30,808 $ 22,224

Expenditures
Professional Services $ 13,343 $ - $ 3,521 $ - $ - $ - $ - $ -

Bond Issuance Costs 98,386 - - - - - - -

Capital Expenses 759,527 2,475,000 929,535 - 5,025,000 6,525,000 3,800,000 11,000,000

Engineering - 200,000 125,794 - 200,000 200,000 200,000 200,000

Capital Expenses - 227,060 - -
Capital Expenses 23,450 - - - 863,866 - - -
Total Expenditures $ 894,706 $ 2,675,000 $ 1,285,910 $ - $ 6,088,866 $ 6,725,000 $ 4,000,000 $ 11,200,000
Other Sources (Uses)
Debt Proceeds $ 4,305,000 $ - $ - $ - $ - $ - $ - $ -
Bond Premium 297,691 - - - - - - -

Transfer In 500,000 - - - - - - -
Transfer Out - - (23,816) - - - - -
Total Other Sources (Uses) $ 5,102,691 $ - $ (23,816) $ - $ - $ - $ - $ -
Net Increase (Decrease) $ 4,215,000 $ (2,674,000) $ (1,247,188) $ 20,000 $ (5,865,203) $ (6,684,600) $ (3,969,192) $ (11,177,776)

Ending Fund Balance $ 6,199,646 $ (1,251,396) $ 4,952,458 $ 6,087,420 $ (912,745) $ (7,597,345) $ (11,566,537) $ (22,744,313)

FY24 Adopted Budget 53