Page 324 - CityofSouthlakeFY26AdoptedBudget

Community Enhancement and Development
Corporation (CEDC) Debt Service Fund

The Community Enhancement and Development Corporation Debt
Service Fund is used to account for the accumulation of financial
CEDC - DEBT SERVICE FUND
DID YOU resources for payment of long-term principle and interest costs for debt
KNOW? incurred to construct Champions Club at The Marq Southlake.
Parks/Recreation
2026 Proposed and 2025 Revised Budget

$ Increase/ $ Increase/
2024 2025 2025 (Decrease) % Increase/ 2026 (Decrease) % Increase/
Actual Adopted Amended Adopted -Decrease Proposed Adopted -Decrease
REVENUES
Interest Income $40,677 $35,000 $35,000 $0 0.0% $35,000 $0 0.0%
Total Revenues $40,677 $35,000 $35,000 $0 0.0% $35,000 $0 0.0%

EXPENDITURES
Principal $1,620,000 1,695,000 $1,695,000 $0 0.0% $1,770,000 $75,000 4.4%
Interest 822,556 742,031 742,031 0 0.0% 666,806 (75,225) -10.1%
Admin. Expenses 5,150 8,000 8,000 0 0.0% 8,000 0 0.0%
Total Expenditures $2,447,706 $2,445,031 $2,445,031 $0 0.0% $2,444,806 ($225) 0.0%
Net Revenues ($2,407,029) ($2,410,031) ($2,410,031) $0 ($2,409,806) ($225)

Bond Proceeds $0 $0 $0 $0
Transfers In $2,450,556 $2,445,031 $2,445,031 0 $2,444,806
Total Other Sources (Uses) $2,450,556 $2,445,031 $2,445,031 $2,444,806

Beginning Fund Balance $615,770 $659,297 $659,297 $694,297
Ending Fund Balance $659,297 $694,297 $694,297 $729,297

FY 2026 Highlights

- The Community Enhancement and Development Corporation (CEDC) is responsible for paying
principal and interest on outstanding debt. For FY 2026, the CEDC Debt Service Fund will cover total
expenditures of $2,444,806 for this purpose.