Page 243 - CityofLakeWorthFY26AdoptedBudget

CITY OF LAKE WORTH
2025/2026 ADOPTED BUDGET

PARK IMPROVEMENT FUND SUMMARY (FUND 101)

(LINE ITEM DETAIL REPORT IS ATTACHED FOR REVIEW AND DISCUSSION)
2020/2021 2021/2022 2022/2023 2023/2024 2024/2025 2025/2026

CATEGORY ACTUAL ACTUAL ACTUAL ACTUAL ADOPTED ESTIMATED ADOPTED
REVENUE

DONATIONS & CONTRIBUTIONS (14,096) (14,283) (18,984) (9,766) (9,500) (9,425) (9,000)
MISC & TRANSFERS IN (695) (11,188) (28,831) (10,356) (9,731) (5,975) (5,380)
USE OF PRIOR YR RESERVES (12,500)
TOTAL REVENUE (14,791) (25,471) (47,815) (20,122) (31,731) (15,400) (14,380)

EXPENDITURES
SUPPLIES (200 SERIES) 246 30 1,000 1,000 1,000
MAINTENANCE (300 & 400 SERIES) 2,449 360 64 4,116 6,100 6,100 6,100

SERVICES (500 SERIES) 31 1,008 35,000 250 250 250
BAD DEBTS (600 SERIES) 14 17 92 18 25 69 50
CAPITAL (800 SERIES) 13,653 77,830 150,044 35,529 19,500 23,500 25,500
TOTAL EXPENDITURES 16,393 79,215 185,200 39,693 26,875 30,919 32,900

VARIANCE-(SURPLUS)/DEFICIT 1,602 53,744 137,385 19,571 (4,856) 15,519 18,520

Park Improvement Fund does not fund any positions

ESTIMATED FUND BALANCES

09/30/24 FYE 2025 FYE 2025 09/30/25 FYE 2026 FYE 2026 09/30/26
Balance Est Revs Est Exp Est Balance Bdgt Revs Bdgt Exp Est Balance
Restricted-Rayl Park 33,888 5,500 28,388 5,500 22,888

Restricted-Other Parks 69,244 15,400 14,419 70,225 14,380 14,400 70,205
Assigned-Grand Lake 3,023 1,000 2,023 1,000 1,023
Assigned-Lake Worth 38,542 10,000 28,542 12,000 16,542
Assigned-Telephone 23,760 23,760 0 23,760

Assigned-Charbonneau 0 0 0 0
Totals 168,458 15,400 30,919 152,939 14,380 32,900 134,419