Page 343 - CityofSouthlakeFY26AdoptedBudget

Community Enhancement and Development
Corporation Fund - Replacement Fund

The Community Enhancement and Development Corporation -
Replacement Fund accounts for the resources needed to manage the
purchase of replacement equipment and capital outlay at The Marq
Southlake. The establishment and funding of the Community Enhancement Special Revenue Funds
DID YOU and Development Corporation - Replacement Fund was designed to
KNOW? even out expenses for the Community Enhancement and Development
CEDC - REPLACEMENT FUND
Corporation from year to year and provide a logical method for purchasing
and retiring needed equipment and capital outlay.
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 246,752 170,000 200,000 30,000 17.6% 200,000 30,000 17.6%
Total Revenues $246,752 $170,000 $200,000 $30,000 0.0% $200,000 $30,000 17.6%

EXPENDITURES
Operations $956,056 $0 $0 $0 0.0% $0 0 0.0%
Capital 0 743,496 342,371 (401,125) -54.0% 1,845,046 1,101,550 148.2%
Total Expenditures $956,056 $743,496 $342,371 ($401,125) -54.0% $1,845,046 $1,101,550 148.2%

Net Revenues ($709,304) ($573,496) ($142,371) $431,125 ($1,645,046) ($1,071,550)

Transfer from other funds $1,125,000 $1,125,000 $1,125,000 $1,125,000
Transfer to other funds ($0) ($0) ($0) ($0)
Total Other Sources/(Uses) $1,125,000 $1,125,000 $1,125,000 $1,125,000

Beginning Fund Balance $4,342,190 $4,757,886 $4,757,886 $5,740,515
Ending Fund Balance $4,757,886 $5,309,390 $5,740,515 $5,220,469

FY 2026 Highlights

- This fund was established in FY 2020 to set aside funds for equipment and furniture replacement at
The Marq Southlake.

- FY 2026 includes a projected transfer in from the Community Enhancement and Development
Corporation Fund of $1,125,000. Equipment replacement is based on the recommendations of The
Marq Asset Management Plan, and includes $1,845,046 in FY 2026 planned expenditures.

- The ending fund balance is projected to be $5,220,469.

FY 2026 City of Southlake | Budget Book 343