Page 121 - HaltomCityFY25Budget

City Of Haltom City Annual Budget, FY2025 Special Revenue Funds

PARK DEDICATION FUND

This City has a Park Dedication Ordinance which requires developers of any residential property in the City
to either dedicate park land or pay cash in lieu of land dedication. Money received must be used for park
development and park improvements.

PARK DEDICATION FUND
BUDGET SUMMARY
Actual Adopted Projected Adopted
FUND 25 FY2023 FY2024 FY2024 FY2025

Fund Balance, Beginning 146,534 139,393 139,393 247,893

Revenues
Developer Contributions - - 151,500 -
Interest Income 6,678 1,600 6,500 4,000
Total Revenues 6,678 1,600 158,000 4,000

Funds Available 153,212 140,993 297,393 251,893

Expenditures
Operations Expenditures 13,819 105,000 49,500 90,000
Total Expenditures 13,819 105,000 49,500 90,000

Fund Balance, Ending 139,393 35,993 247,893 161,893

Park Dedication Fund Ending Fund Balance

$250,000

$200,000

$150,000

$100,000

$50,000

$0
Actual 2023 Adopted 2024 Projected 2024 Proposed 2025