Page 66 - TownofPantegoFY25Budget

Capital Project Funds

Summary

The Town of Pantego is projecting $651.91K of revenue in FY2025, which represents a 30.9% decrease over the prior year.
Budgeted expenditures are projected to decrease by 21.7% or $2.72M to $9.8M in FY2025.

$15M

$10M

Ac tual Revenue Source
$5M Budgeted Revenue Source
Ac tual Expenditures
Budgeted Expenditures

$0
FY2020 FY2021 FY2022 FY2023 FY2024 FY2025

Capital Project Funds Comprehensive Summary

Name FY2022 Ac tual FY2023 Ac tual FY2024 Budget FY2024 Projec ted FY2025 Budgeted
Beginning Fund Balance: N/A N/A N/A N/A N/A
Revenues
Taxes $686,077 $661,985 $1,156,281 $771,374 $882,509
Charges for Services $4,090 $3,543 $5,000 $4,250 $5,100
Sale of Assets $0 $277,770 $30,100 $35,755 $12,500
Interest/Investment $20,788 $311,235 $384,375 $806,825 $432,400
Grants $313,320 $0 $0 $0 $0
Other $383,445 $12,883,192 -$632,094 -$627,386 -$680,603

Total Revenues: $1,407,720 $14 ,137,724 $943,662 $990, 819 $651,906

Expenditures
Supplies / Maintenance $4,974 $60,874 $203,500 $22,000 $203,500
Training/ Dues / Misc. $6,879 $0 $0 $0 $0
Capital Outlay $3,193,067 $955,220 $12,317,367 $3,601,249 $9,598,682
Total Expenditures: $3, 204 ,920 $1,016 ,093 $12 ,520, 867 $3,623, 249 $9, 802 ,182
Total Revenues Less Expenditures: -$1,797, 200 $13,121,631 -$11,577, 205 -$2 ,632 ,430 -$9,150, 276
Ending Fund Balance: N/A N/A N/A N/A N/A

Town of Pantego | Town of Pantego FY 2024-2025 Page 65