Page 302 - CityofSouthlakeFY25AdoptedBudget

Parks and Recreation Fund

DID YOU This fund accounts for resources restricted for use by the Community
SPECIAL REVENUE FUND
KNOW? Services department. Such funds include event and other sponsorship funds
DID YOU
Park and Recreation
KNOW? collected through the City’s sponsorship program.
2025 Proposed and 2024 Revised Budget

$ Increase/ $ Increase/
2023 2024 2024 (Decrease) % Increase/ 2025 (Decrease) % Increase/
Actual Adopted Amended Adopted -Decrease Proposed Adopted -Decrease
REVENUES
Donations/Sponsorships $35,140 $66,500 $25,000 ($41,500) -62.4% $62,600 ($3,900) -5.9%
Miscellaneous 0 0 0 0 0.0% 0 0 0.0%
Interest 8,398 4,300 8,000 3,700 86.0% 8,000 3,700 86.0%
Total Revenues $43,538 $70,800 $33,000 ($37,800) -53.4% $70,600 ($200) -0.3%
Special Revenue Funds
EXPENDITURES
Parks and Recreation $20,268 $87,500 $87,500 $0 0.0% $87,500 0 0.0%
Park Improvements 0 0 0 0 0.0% 0 0 0.0%
Land 0 0 0 0 0.0% 0 0 0.0%
Total Expenditures $20,268 $87,500 $87,500 $0 0.0% $87,500 $0 0.0%

Net Revenues $23,270 ($16,700) ($54,500) ($37,800) ($16,900) ($200)

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 $193,240 $216,510 $216,510 $162,010
Ending Fund Balance $216,510 $199,810 $162,010 $145,110

FY 2025 Highlights

- Planned expenses in this fund are directed toward enhancing City special events, programs, athletic fields,
and parks for which sponsorships are granted. The funds received through sponsorships assist with
offsetting enhanced services offered to the community.

- The adopted budget reflects revenues of $62,600 in donations and sponsorships and $8,000 in interest
earnings for total revenues of $70,600.

- The adopted budget anticipates a beginning fund balance of $162,010. Expenses are estimated at $87,500
leaving the fund with a projected fund balance of $145,110.

302 FY 2025 City of Southlake | Budget Book