Page 96 - CityofKennedaleFY25AdoptedBudget
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OVERVIEW: PARK DEDICATION FUND
Revenue for the Park Dedication Fund (14) comes primarily from fees associated with certain
residential developments within the City and proportionate interest income from pooled
investments. Expenditures from this fund are tied to park maintenance and improvements.
FUND 14 PARK DEDICATION
Account Description FY23 Actual FY24 Budget FY24 Projected FY25 Budget
14-4194-00-00 PARK DEDICATION FEES 13,200 12,000 12,457 12,000
14-4401-00-00 INVESTMENT INCOME 23,606 15,000 20,076 20,100
14-4409-00-00 MISCELLANEOUS INCOME - -
TOTAL REVENUES $ 36,806 $ 27,000 $ 32,533 $ 32,100
Account Description FY23 Actual FY24 Budget FY24 Projected FY25 Budget
14-5580-01-00 BRICK PAVERS - -
14-5820-00-00 BUILDING IMPROVEMENTS 177,820 45,000 301,083 100,000
14-5875-00-00 CONSTRUCTION - -
14-5955-02-00 SONORA PARK BALLFIELDS - -
TOTAL EXPENDITURES $ 177,820 $ 45,000 $ 301,083 $ 100,000
NET CHANGE IN FUND BALANCE $ (141,014) $ (18,000) $ (268,550) $ (67,900)
BEGINNING FUND BALANCE — OCT 1 $ 699,736 $ 558,722 $ 558,722 $ 290,172
ENDING FUND BALANCE — SEPT 30 $ 558,722 $ 540,722 $ 290,172 $ 222,272
CITYOFKENNEDALE.COM/BUDGET 96
