Page 42 - CityofSansomParkFY26AdoptedBudget

EDC Fund - Summary

The Economic Development Corporation (EDC) Fund supports projects and programs that help attract new
businesses, grow local jobs, and strengthen Sansom Park’s tax base. The EDC is typically funded through a por-
tion of local sales tax revenue that voters have approved for economic development purposes. These funds can
be used for things like infrastructure improvements, incentives for new or expanding businesses, marketing the
city to potential investors, or supporting community projects that make Sansom Park more attractive to resi-
dents and employers. By having a dedicated EDC Fund, the City can promote balanced growth and long-term
economic health without relying entirely on the General Fund.

EDC Fund Revenues, Expenses, and Net Surplus by Year

2023-2024 2024-2025 2024-2025 2025-2026 Adopted FY25 vs
Actual Adopted Budget Projected Proposed Budget Proposed FY26
EDC
Revenues 202,908 520,017 509,562 504,805 -2.93%
Expenditures 3,459,147 474,326 470,638 477,617 0.69%
Net Surplus (Deficit) (3,256,238) 45,691 38,924 27,188 -40.50%

FY26 EDC Revenues by Line Item

EDC
2023-2024 2024-2025 2024-2025 2025-2026 Adopted FY25 vs
Revenues Actual Adopted Budget Projected Proposed Budget Proposed FY26

306-50100 Sales Tax-General 197,295 197,862 184,744 180,000 -9.03%
306-54000 Interest Earnings 5,602 750 3,414 3,400 353.33%
306-57000 Miscellaneous Revenue 11 - - - 0.00%
306-57100 Sale of Assets - - - - 0.00%
306-59907 Transfer from TIF Fund - 321,405 321,405 321,405 0.00%

Total 202,908 520,017 509,562 504,805 -2.93%

City of Sansom Park, TX 2025-2026 Adopted Budget 42