Page 170 - CityofLakeWorthFY26AdoptedBudget

CITY OF LAKE WORTH
2025/2026 ADOPTED BUDGET

CONFISCATED PROPERTY FUND SUMMARY (FUND 105)

2020/2021 2021/2022 2022/2023 2023/2024 2024/2025 2025/2026
CATEGORY ACTUAL ACTUAL ACTUAL ACTUAL ADOPTED ESTIMATED ADOPTED

REVENUE
CONFISCATED PROPERTY (30,443) (9,263) (16,980) (7,150) (5,000)
INVESTMENT & MISC INCOME (3,645) (1) (335) (38,286) (26) (50)
USE OF PRIOR YR RESERVES

TOTAL REVENUE (3,645) (30,444) (9,598) (55,266) 0 (7,176) (5,050)
EXPENDITURES
SUPPLIES (200 SERIES) 27 11,786 1,950 2,798 2,798 14,000

MAINTENANCE (400 SERIES) 437 165 1,500
SERVICES (500 SERIES) 3,311 457 7,500
EQUIPMENT (700 SERIES) 2,995 2,308 35,645

CAPITAL (800 SERIES) 16,216 1,569 5,500
TOTAL EXPENDITURES 0 19,238 19,412 38,217 2,798 2,798 28,500

VARIANCE-(SURPLUS)/DEFICIT (3,645) (11,206) 9,814 (17,049) 2,798 (4,378) 23,450

Confiscated Property does not fund any positions.

ESTIMATED FUND BALANCE

Fund Balance 09/30/24 22,086 As currently presented, the Confiscated Property Fund would end

FYE 09/25 Estimated Surplus/(Deficit) 4,378 FY 2025/2026 with a negative fund balance. However, the
budget will be closely monitored to ensure that a negative fund
Estimated Fund Balance 09/30/25 26,464
balance will not occur.
FYE 09/26 Budgeted Surplus/(Deficit) (23,450)

Estimated Fund Balance 09/30/26 3,014