Page 134 - CityofKennedaleFY26AdoptedBudget
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FUND 15 ECONOMIC DEVELOPMENT CORPORATION
Account Description FY24 Actual FY25 Budget FY25 Projected FY26 Budget
15-4002-00-00 MMD TAX-CURRENT YEAR - - - -
15-4081-00-00 SALES TAX 761,402 988,973 988,973 1,045,223
TBD 380 AGREEMENT INCOME
15-4104-00-00 CHRISTMAS EVENT DONATION 5,000 5,000 12,000 5,000
15-4401-00-00 INVESTMENT INCOME 97,709 82,000 128,417 120,000
15-4402-00-00 INTEREST INCOME 14,066 - - -
15-4409-00-00 MISCELLANEOUS INCOME 7,745 30,000 11,607 10,000
15-4412-00-00 LAND PROCEEDS 287,398 - - -
15-4413-00-00 SIGN FOUNDATION REVENUE 12,000 - - -
15-4805-00-23 RENTAL FEES-SHOPPING CENTER 310,742 310,807 280,332 240,000
15-4808-00-00 RENTAL FEES-LAND - - 24,000 18,000
TOTAL REVENUES $ 1,496,062 $ 1,416,780 $ 1,445,329 $ 1,438,223
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Account Description FY24 Actual FY25 Budget FY25 Projected FY26 Budget
15-5403-06-01 BUILDING MAINTENANCE 1,832 25,000 9,500 25,000
15-5501-06-01 ADVERTISING 2,246 7,000 7,000 7,000
15-5510-06-01 ASSOC DUES/PUBLICATICATIONS - 1,500 1,500 1,500
15-5525-06-01 TRAINING/SEMINARS 1,447 - - -
15-5565-06-01 LEGAL SERVICES 3,056 18,000 3,200 12,000
15-5570-06-01 SPECIAL SERVICES 30,254 80,000 82,500 125,000
15-5571-06-01 SPECIAL EVENTS-CHRISTMAS EVENT 36,608 100,000 87,000 53,000
15-5578-06-01 TRAVEL 751 2,500 2,500 2,500
15-5615-06-01 FUNCTIONAL GRANT 87,719 265,000 25,000 125,000
15-5800-06-01 LAND 187,449 - - -
TOTAL OPERATIONS $ 351,363 $ 499,000 $ 218,200 $ 351,000
Account Description FY24 Actual FY25 Budget FY25 Projected FY26 Budget
15-5628-06-06 2007 $1.2M TAX BOND-INTEREST 26,410 20,503 20,503 14,248
15-5629-06-06 2007 $1.2M TAX BOND-PRINCIPAL 85,000 90,000 90,000 100,000
15-5645-06-06 2011 $1.7M TX LEVERAGE – INT 12,781 4,062 4,062 2,421
15-5646-06-06 2011 $1.7M TX LEVERAGE – PRIN 54,293 53,649 53,649 58,925
TOTAL DEBT SERVICE EXPENDITURES $ 178,484 $ 168,213 $ 168,214 $ 175,594
Account Description FY24 Actual FY25 Budget FY25 Projected FY26 Budget
15-5403-53-23 BUILDING MAINTENANCE 111,966 50,000 36,275 758,405
15-5405-53-23 TOWN CENTER PLAZA 1,052 - 250
15-5530-53-23 ELECTRIC SERVICES 6,307 7,000 6,950
15-5545-53-23 INSURANCE-PROPERTY 14,962 15,710 14,962 15,360
15-5570-53-23 SPECIAL SERVICES 25,992 13,000 13,000 18,000
15-5595-53-23 LANDSCAPING---CAM - 21,000 -
15-5621-53-23 BANK FEES / PAYING AGENT FEES - 30 -
15-5870-53-23 FOUNTAIN 80,000 - 80,000
15-5870-53-23 MONUMENTS FOR CITY ENTRANCES 84,000 - 84,000
15-5870-53-23 OTHER EQUIPMENT 35,452 - - 70,000
TOTAL TOWN SHOPPING CENTER EXPENDITURES $ 195,731 $ 270,740 $ 71,437 $ 1,025,765
TOTAL EXPENDITURES $ 725,577 $ 937,953 $ 457,851 $ 1,552,359
REVENUES OVER (UNDER) EXPENDITURES $ 770,485 $ 478,827 $ 987,478 $ (114,136)
Account Description FY24 Actual FY25 Budget FY25 Projected FY26 Budget
15-5595-06-01 ADMIN CHARGE – GENERAL FUND (447,522) (462,705) (462,705) (454,738)
15-5702-06-01 TRANSFER OUT – DEBT SERVICE (141,260) (138,848) (138,848) (136,432)
15-5717-06-01 TRANSFER OUT - PUBLIC WORKS (61,520) (77,841) (77,841) (92,493)
TOTAL OTHER FINANCING SOURCES (USES) $ (650,302) $ (679,393) $ (679,394) $ (683,663)
NET CHANGE IN FUND BALANCE $ 120,183 $ (200,566) $ 308,084 $ (797,799)
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BEGINNING FUND BALANCE — OCT 1 $ 2,135,749 $ 2,255,932 $ 2,255,932 $ 2,564,016
ENDING FUND BALANCE — SEPT 30 $ 2,255,932 $ 2,055,365 $ 2,564,016 $ 1,766,217
CITYOFKENNEDALE.COM/FINANCE 133
