Page 59 - CityofTrophyClubFY25AdoptedBudget

FY2024-25 Approved Budget

Capital Projects FY 2021 FY 2022 FY 2023 FY 2024 FY 2024 FY 2024 YEAR FY 2025 FY 2026
Fund ACTUAL ACTUAL ACTUAL APPROVED AMENDED TO DATE APPROVED PROJECTED
Beginning Fund Balance $ 1,984,646 $ 6,199,646 $ 4,952,458 $ 10,606,606 $ 10,606,606 $ 10,606,606 $ 10,771,422 $ 10,781,422

Revenue
Contributions/Grants $ - $ - $ - $ - $ - $ - $ 5,919,500 $ 165,000

Interest Income 7,015 62,538 274,355 20,000 20,000 448,124 10,000 10,300

Bond Proceeds 4,305,000 - 6,925,000 - - - 9,440,000 3,840,000

Bond Premium 297,691 - 257,608 - - - - -

Miscellaneous Revenue - - 84,424 20,400 20,400 - - -
Total Revenue $ 4,609,706 $ 62,538 $ 7,541,387 $ 40,400 $ 40,400 $ 448,124 $ 15,369,500 $ 4,015,300

Expenditures
Professional Outside Services $ 13,343 $ 3,521 $ 6,925 $ - $ - $ - $ - $ -
Capital Expenses 759,527 929,535 382,622 6,525,000 6,525,000 43,215 15,359,500 5,382,000

Engineering - 125,794 23,636 200,000 200,000 - - -
Engineering/Construction - - 16,000 - - 20,124 -

Capital Expenses - - - - - - - -
Capital Expenses 23,450 227,060 1,282,373 - - 219,969 - -

Bond Issuance Costs 98,386 - 175,683 - - - - -
Total Expenditures $ 894,706 $ 1,285,910 $ 1,887,239 $ 6,725,000 $ 6,725,000 $ 283,308 $ 15,359,500 $ 5,382,000
Other Sources (Uses)
Transfer In 500,000 - - - - - - -

Transfer Out - (23,816) - - - - - -
Total Other Sources (Uses) $ 500,000 $ (23,816) $ - $ - $ - $ - $ - $ -
Net Increase (Decrease) $ 4,215,000 $ (1,247,188) $ 5,654,147 $ (6,684,600) $ (6,684,600) $ 164,817 $ 10,000 $ (1,366,700)
Ending Fund Balance $ 6,199,646 $ 4,952,458 $ 10,606,606 $ 3,922,006 $ 3,922,006 $ 10,771,422 $ 10,781,422 $ 9,414,722

FY 2024-2025 51 Approved Annual Budget