Page 344 - CityofSouthlakeFY27Budget

TABLE OF CONTENTS

SOUTHLAKE PARKS DEVELOPMENT CORPORATION (SPDC)
DEBT SERVICE FUND

SPDC - DEBT SERVICE FUND

Parks/Recreation
2027 Proposed and 2026 Revised Budget
Debt Service

$ Increase/ $ Increase/
2025 2026 2026 (Decrease) % Increase/ 2027 (Decrease) % Increase/
Actual Adopted Amended Adopted -Decrease Proposed Adopted -Decrease
REVENUES
Interest Income $137,792 $84,000 $84,000 $0 0.0% $80,000 ($4,000) -4.8%
Total Revenues $137,792 $84,000 $84,000 $0 0.0% $80,000 ($4,000) -4.8%

EXPENDITURES
Principal $2,309,000 $2,044,000 $2,044,000 $0 0.0% $1,864,000 ($180,000) -8.8%
Interest 296,789 225,022 225,022 0 0.0% 159,424 (65,598) -29.2%
Admin. Expenses 5,121 6,000 6,000 0 0.0% 6,000 0 0.0%
Total Expenditures $2,610,910 $2,275,022 $2,275,022 $0 0.0% $2,029,424 ($245,598) -10.8%

Net Revenues ($2,473,118) ($2,191,022) ($2,191,022) $0 ($1,949,424) ($245,598)

Bond Proceeds $0 $0 $0 $0
Transfers In $2,605,789 $2,269,022 $2,269,022 0 $2,023,424
Total Other Sources (Uses) $2,605,789 $2,269,022 $2,269,022 $2,023,424

Beginning Fund Balance $2,124,556 $2,257,227 $2,257,227 $2,335,227
Ending Fund Balance $2,257,227 $2,335,227 $2,335,227 $2,409,227

FY 2027 HIGHLIGHTS

- The Southlake Parks Development Corporation is responsible for paying principal and interest
on outstanding debt. For FY 2027, the SPDC Debt Service Fund will cover total expenditures of
$2,029,424 for this purpose.

344 FY 2027 City of Southlake | Budget Book FY 2027 City of Southlake | Budget Book 345