Page 15 - CityofTrophyClubFY25AdoptedBudget

All Funds Summary - Fiscal Year 2025
FY25 Tax Rate GOVERNMENTAL FUNDS PROPRIETARY FUNDS COMPONENT
UNITS
Capital Hotel Street Court Parkland Stormwater
0.415469 General Fund Debt Service Capital Projects Replacement Occupancy Maintenance Technology Court Security CCPD Fund Program Fund Dedication TIRZ #1 Grants Fund Trophy Club Drainage EDC 4B Fund Total
Recreation
Equipment
Fund
Fund
Fund
Park Fund
Fund Fund Sales Tax Fund Fund Fund Utility Fund
Beginning Fund Balance - FY23 $ 6,954,899 $ 1,779,396 $ 10,771,422 $ 2,359,096 $ 3,046,977 $ 496,177 $ 7,520 $ 74,994 $ 217,888 $ 29,491 $ 546,457 $ (111,065) $ 9,886 $ 630,736 $ 3,294,643 $ 3,018,237 $ 13,471,805

ACFR less FY24 Exp
Revenue
Property Tax 9,268,316 2,951,335 61,272 12,280,923

Licenses and Permits 193,000 193,000

Franchise Fees 951,200 951,200

Sales/Occupancy Tax 1,625,000 750,000 357,000 360,500 83,779 650,000 3,826,279

Fines and Fees 355,608 100 14,100 6,000 204,000 438,600 1,018,408

Intergovernmental (MUD) 1,356,797 1,356,797
Grants - 5,919,500 4,000 5,923,500

Charges for Service 1,986,190 1,986,190
Investment Income 400,000 10,000 50,000 1,530 1,030 1,750 1,224 40,000 505,534

Miscellaneous Income 180,500 2,575 10,000 25,000 218,075

Contributions 9,440,000 923,873 10,363,873

Total Revenue $ 16,316,611 $ 2,953,910 $ 15,369,500 $ 923,873 $ 810,000 $ 358,530 $ 100 $ 14,100 $ 365,530 $ 6,000 $ 1,750 $ 145,051 $ - $ 205,224 $ 478,600 $ 675,000 $ 38,623,779

Expenditures
General Government - 62,657 653,565 716,221

Manager's Office 634,477 634,477

Town Secretary's Office 292,093 292,093

Mayor & Council 34,750 34,750

Legal 225,330 225,330

Police 4,198,291 - 377,373 358,888 4,934,551

Emergency Medical Services 1,832,364 - 120,250 1,952,614
Fire 1,800,450 74,500 120,250 1,995,200

Streets 321,553 11,565,000 171,000 379,225 487,453 12,924,232

Parks 2,045,722 3,720,000 85,000 128,930 5,979,652

Recreation 532,254 6,000 538,254

Pool 419,241 419,241

Community Events 94,686 808,301 902,987

Community Development 497,533 497,533

Finance 688,922 688,922

Municipal Court 114,500 - - 114,500

Human Resources 470,086 470,086

Communications 183,154 183,154

Information Services 686,125 50,000 736,125

Facility Maintenance 1,323,968 1,323,968
Debt Service - 2,944,640 400 2,945,040

Capital - Projects - - 20,000 - 20,000

Total Expenditures $ 16,395,500 $ 2,944,640 $ 15,359,500 $ 923,873 $ 828,301 $ 379,225 $ - $ - $ 358,888 $ 6,000 $ - $ 62,657 $ - $ 128,930 $ 487,453 $ 653,965 $ 38,528,931
Current Revenues to $ (78,889) $ 9,270 $ 10,000 $ - $ (18,301) $ (20,695) $ 100 $ 14,100 $ 6,642 $ - $ 1,750 $ 82,394 $ - $ 76,294 $ (8,853) $ 21,036 $ 94,848

Expenditures
Other Sources (Uses):
Debt Issuance -
Transfers In 80,752 202,463 - 283,215
Excess Current Revenue (78,889)
Transfers Out - - - - - - 202,463 (202,463)
Total Other Sources (Uses) $ 1,863 $ 202,463 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ (202,463) $ 1,864

Net Increase (Decrease) $ 1,863 $ 211,733 $ 10,000 $ - $ (18,301) $ (20,695) $ 100 $ 14,100 $ 6,642 $ - $ 1,750 $ 82,394 $ - $ 76,294 $ (8,853) $ 223,498 $ 580,526
Ending Fund balance $ 6,956,762 $ 1,991,129 $ 10,781,422 $ 2,359,096 $ 3,028,676 $ 475,481 $ 7,620 $ 89,094 $ 224,530 $ 29,491 $ 548,207 $ (28,671) $ 9,886 $ 707,030 $ 3,285,790 $ 3,241,735 $ 33,707,278

FY 2024-2025 7 Approved Annual Budget