Page 301 - CityofSouthlakeFY25AdoptedBudget

Park Dedication Fee Fund

DID YOU This fund accounts for dedication fees on new development. Use of park
SPECIAL REVENUE FUND
KNOW? dedication fees is restricted to park improvements and primarily used for
DID YOU
KNOW? capital expenses. Park Dedication
2025 Proposed and 2024 Revised Budget

$ Increase/ $ Increase/ Special Revenue Funds
2023 2024 2024 (Decrease) % Increase/ 2025 (Decrease) % Increase/
Actual Adopted Amended Adopted -Decrease Proposed Adopted -Decrease
REVENUES
Permits/Fees $373,299 $90,000 $293,300 $203,300 225.9% $90,000 $0 0.0%
Miscellaneous 0 0 0 0 0.0% 0 0 0.0%
Interest 58,571 30,000 60,000 30,000 100.0% 60,000 30,000 100.0%
Total Revenues $431,870 $120,000 $353,300 $233,300 194.4% $150,000 $30,000 25.0%

EXPENDITURES
Parks and Recreation $0 $0 $0 $0 0.0% $0 0 0.0%
Park Improvements 0 0 0 0 0.0% 60,000 60,000 599999900.0%
Land 0 0 0 0 0.0% 0 0 0.0%
Total Expenditures $0 $0 $0 $0 0.0% $60,000 $60,000 599999900.0%
Net Revenues $431,870 $120,000 $353,300 $233,300 $90,000 ($30,000)

Transfer from other funds $0 $0 $0 $0
Transfer to other funds $0 $0 $0 $0
Total Other Sources/(Uses) $0 $0 $0 $0

Beginning Fund Balance $1,169,499 $1,601,369 $1,601,369 $1,954,669
Ending Fund Balance $1,601,369 $1,721,369 $1,954,669 $2,044,669

FY 2025 Highlights

- The budget anticipates a beginning fund balance of $1,954,669.

- The adopted budget reflects revenues of $90,000 in fees and $60,000 in interest earnings for total
revenues of $150,000.

- For FY 2025, expenditures are budgeted to perform maintenance work in Central Park ($60,000).

- The ending fund balance is projected to be $2,044,669.

FY 2025 City of Southlake | Budget Book 301