Page 117 - CityofKennedaleFY25AdoptedBudget
P. 117
FUND 15 ECONOMIC DEVELOPMENT CORPORATION
Account Description FY23 Actual FY24 Budget FY24 Projected FY25 Budget
15-4002-00-00 MMD TAX-CURRENT YEAR - 75,000
15-4081-00-00 SALES TAX 708,972 613,500 738,973 988,973
15-4104-00-00 CHRISTMAS EVENT DONATION 787 5,000 5,000
15-4401-00-00 INVESTMENT INCOME 67,546 60,000 88,235 82,000
15-4402-00-00 INTEREST INCOME - - - -
15-4409-00-00 MISCELLANEOUS INCOME 36,412 34,500 30,000
15-4412-00-00 LAND PROCEEDS 365 287,398 -
15-4413-00-00 SIGN FOUNDATION REVENUE 12,000 -
15-4805-00-00 RENTAL FEES-SHOPPING CENTER 307,232 310,807 310,807
TOTAL REVENUES $ 1,121,314 $ 1,093,807 $ 1,131,606 $ 1,416,780
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Account Description FY23 Actual FY24 Budget FY24 Projected FY25 Budget
15-5240-01-00 PRINTED SUPPLIES
15-5260-01-00 GENERAL OFFICE SUPPLIES
15-5261-01-00 POSTAGE
15-5280-01-00 MINOR EQUIP/SMALL TOOLS<$5K 6,520
15-5403-01-00 BUILDING MAINTENANCE 917 25,000
15-5501-01-00 ADVERTISING 6,123 7,000 3,352 7,000
15-5510-01-00 ASSOC DUES/PUBLICATICATIONS 2,500 1,500 1,500 1,500
15-5525-01-00 TRAINING/SEMINARS 270 2,000
15-5565-01-00 LEGAL SERVICES 15,334 14,884 15,000 18,000
15-5567-01-00 AUDIT SERVICES
15-5570-01-00 SPECIAL SERVICES 27,921 30,000 17,097 80,000
15-5571-01-00 SPECIAL EVENTS-CHRISTMAS EVENT 97,298 60,000 60,000 100,000
15-5578-01-00 TRAVEL 1,500 1,500 2,500
15-5580-01-00 ENGINEERING SERVICES 1,650 -
15-5615-01-00 FUNCTIONAL GRANT - 150,000 50,000 265,000
15-5800-01-00 LAND - - 187,449 -
TOTAL OPERATIONS $ 157,616 $ 266,884 $ 336,815 $ 499,000
Account Description FY23 Actual FY24 Budget FY24 Projected FY25 Budget
15-5643-01-03 2007 $1.2M TAX BOND-INTEREST 31,970 26,410 26,410 20,503
15-5644-01-03 2007 $1.2M TAX BOND-PRINCIPAL 80,000 85,000 85,000 90,000
15-5645-01-03 2011 $1.7M TX LEVERAGE – INT 12,785 10,492 10,492 4,062
15-5646-01-03 2011 $1.7M TX LEVERAGE – PRIN 43,083 46,038 46,038 53,649
15-5667-01-03 2020 $1.26M GO REFUNDING – PRINCIPA 120,000 125,000 125,000
15-5668-01-03 2020 $1.26M GO REFUNDING – INTEREST 18,625 16,260 16,260
TOTAL DEBT SERVICE EXPENDITURES $ 306,463 $ 309,201 $ 309,201 $ 168,213
Account Description FY23 Actual FY24 Budget FY24 Projected FY25 Budget
15-5403-02-00 BUILDING MAINTENANCE 38,823 57,000 52,292 50,000
15-5405-02-00 TOWN CENTER PLAZA - 12,000 250
15-5530-02-00 ELECTRIC SERVICES 5,404 7,000 6,600 7,000
15-5545-02-00 INSURANCE-PROPERTY 14,857 21,431 14,962 15,710
15-5570-02-00 SPECIAL SERVICES 14,008 13,000 13,000 13,000
15-5595-02-00 LANDSCAPING---CAM - 9,000 20,800 21,000
15-5621-02-00 BANK FEES / PAYING AGENT FEES - 30 30 30
15-5870-02-00 FOUNTAIN 85,000 20,000 80,000
15-5870-02-00 MONUMENTS FOR CITY ENTRANCES 80,000 - 84,000
15-5870-02-00 OTHER EQUIPMENT 219,000 45,000
TOTAL TOWN SHOPPING CENTER EXPENDITURES $ 73,091 $ 503,461 $ 172,934 $ 270,740
TOTAL EXPENDITURES $ 537,171 $ 1,079,546 $ 818,949 $ 937,953
REVENUES OVER (UNDER) EXPENDITURES $ 584,144 $ 14,261 $ 312,656 $ 478,827
Account Description FY23 Actual FY24 Budget FY24 Projected FY25 Budget
15-5595-01-00 ADMIN CHARGE – GENERAL FUND (397,791) (447,522) (447,522) (462,705)
15-5702-01-03 TRANSFER OUT – DEBT SERVICE - - (138,848)
15-5717-00-00 TRANSFER OUT - PUBLIC WORKS (56,124) (61,520) (61,520) (77,841)
TOTAL OTHER FINANCING SOURCES (USES) $ (453,915) $ (509,042) $ (509,042) $ (679,393)
NET CHANGE IN FUND BALANCE $ 130,229 $ (494,781) $ (196,386) $ (200,566)
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BEGINNING FUND BALANCE — OCT 1 $ 2,005,520 $ 2,135,749 $ 2,135,749 $ 1,939,363
ENDING FUND BALANCE — SEPT 30 $ 2,135,749 $ 1,640,968 $ 1,939,363 $ 1,738,797
CITYOFKENNEDALE.COM/BUDGET 117
