Page 57 - CityofTrophyClubFY26Budget

FY 2025
EDC FY 2022 FY 2023 FY 2024 FY 2025 FY 2025 YEAR TO FY 2026 FY 2027
ACTUAL
AMENDED
APPROVED
ACTUAL
ACTUAL
DATE PROPOSED PROJECTED
Starting Net Position $ 1,285,396 $ 1,901,850 $ 2,466,867 $ 3,085,780 $ 3,085,780 $ 3,085,780 $ 3,473,074 $ 3,552,561
Revenue
Sales Tax - General $ 748,791 $ 767,911 $ 865,900 $ 650,000 $ 650,000 $ 672,510 $ 750,000 $ 772,500
Interest Income 4,831 43,606 88,512 25,000 25,000 58,341 26,250 27,038
Miscellaneous Revenue - - - - - - - -
Total Revenue $ 753,622 $ 811,517 $ 954,412 $ 675,000 $ 675,000 $ 730,852 $ 776,250 $ 799,538

Expenses
Personnel
Salaries $ - $ - $ 23,386 $ - $ - $ - $ - $ -
Overtime - - - - - - - -
Longevity - - - - - - - -
Certification Pay - - 2,308 - - - - -

Cell Phone Stipend - - 120 - - - - -
Retirement - - 3,744 - - - - -
Medical Insurance - - 1,401 - - - - -
Dental Insurance - - 125 - - - - -
Vision Insurance - - 26 - - - - -

Life Insurance & Other - - 79 - - - - -
Social Security Taxes - - 1,322 - - - - -
Medicare Taxes - - 407 - - - - -
Unemployment Taxes - - - - - - - -
Workers' Compensation - - 51 - - - - -
Auto/Housing Allowance - - 2 - - - - -
Total Personnel $ - $ - $ 32,972 $ - $ - $ - $ - $ -
Professional Outside Services $ - $ 5,000 $ 13,605 $ 80,000 $ 80,000 $ 78,519 $ 80,000 $ 82,400
Legal Services - - - 20,000 20,000 - 10,000 10,300
Auditing 5,000 5,000 4,269 5,100 5,100 4,254 5,100 5,253
Advertising 12,895 5,658 6,861 8,000 8,000 1,800 8,000 8,240
Legal Notices - - - 1,000 1,000 - 1,000 1,030

Printing - - - 250 250 - 250 258
Schools & Training - - - 3,000 3,000 - 3,000 3,090
Dues & Membership - - - - - - - -
Travel & Per Diem - - 912 3,000 3,000 - 3,000 3,090
Office Supplies - - - - - - - -
Miscellaneous Expense 2,500 2,500 - - - - - -
Incentive Programs - - - 100,000 100,000 - 150,000 154,500
Thrive Business Grant - - - 150,000 150,000 56,521 150,000 154,500
Depreciation Expense - EDC 24,693 24,691 24,693 - - - - -
Bond Interest 91,280 1,333 82,841 - - - - -

Paying Agent Fees 800 800 800 400 400 - 200 200
Transfer to General Fund - - - 80,752 80,752 - 84,000 88,200
Transfer to General Fund/DSR - - - - - - - -
Transfer to Debt Service - 201,518 201,518 202,463 202,463 202,463 202,213 201,688
Total Expenses $ 137,168 $ 246,500 $ 335,499 $ 653,965 $ 653,965 $ 343,558 $ 696,763 $ 712,749

Net Increase (Decrease) $ 616,454 $ 565,016 $ 618,913 $ 21,036 $ 21,036 $ 387,294 $ 79,487 $ 86,789
Ending Net Position $ 1,901,850 $ 2,466,867 $ 3,085,780 $ 3,106,817 $ 3,106,817 $ 3,473,074 $ 3,552,561 $ 3,639,351
PERSONNEL SCHEDULE
POSITION TITLE FY 2024 FY 2025 FY 2026
TOWN MANAGER 0.15 0.00 0.00
TOTAL FTEs 0.15 0.00 0.00

FY26 Adopted Budget 49 9/9/25