Page 57 - CityofTrophyClubFY25AdoptedBudget

FY2024-25 Approved Budget

FY 2024
TIRZ#1 Fund FY 2021 FY 2022 FY 2023 FY 2024 FY 2024 YEAR TO FY 2025 FY 2026
APPROVED
ACTUAL
ACTUAL
AMENDED
ACTUAL
DATE APPROVED PROJECTED
Beginning Fund Balance $ (354,812) $ (327,716) $ (266,168) $ (98,737) $ (98,737) $ (192,360) $ (111,065) $ (28,671)
Revenue
Property Tax $ 124,872 $ - $ 6,648 $ 79,744 $ 79,744 $ 49,646 $ 61,272 $ 63,110
Sales Tax - - - 81,339 81,339 72,931 83,779 86,293
Miscellaneous Revenue - 13,190 13,189 - - - - -
Total Revenue $ 124,872 $ 13,190 $ 19,837 $ 161,083 $ 161,083 $ 122,577 $ 145,051 $ 149,402
Expenses
Professional Outside Services $ - $ 1,000 $ 1,000 $ 3,000 $ 3,000 $ 1,000 $ 4,000 $ 4,000

Incentive Programs 127,929 41,935 40,283 56,379 56,379 40,282 58,657 59,830
Total Expenditures $ 127,929 $ 42,935 $ 41,283 $ 59,379 $ 59,379 $ 41,282 $ 62,657 $ 63,830
Total Other Sources (Uses) $ - $ - $ - $ - $ - $ - $ - $ -
Other Sources (Uses)
Transfer In 30,153 91,293 95,254 - - - - -

Net Increase (Decrease) $ 27,096 $ 61,548 $ 73,808 $ 101,704 $ 101,704 $ 81,295 $ 82,394 $ 85,572
Ending Fund Balance $ (327,716) $ (266,168) $ (192,360) $ 2,967 $ 2,967 $ (111,065) $ (28,671) $ 56,901

FY 2024-2025 49 Approved Annual Budget