Page 364 - CityofSouthlakeFY27Budget

TABLE OF CONTENTS

SOUTHLAKE PARKS DEVELOPMENT

CORPORATION (SPDC) FUND

SPDC - OPERATING FUND
Parks/Recreation
2027 Proposed and 2026 Revised Budget
01:09 PM

$ Increase/ $ Increase/
2025 2026 2026 (Decrease) % Increase/ 2027 (Decrease) % Increase/
Special Revenue Funds
Actual Adopted Amended Adopted -Decrease Proposed Adopted -Decrease
REVENUES
Sales Tax $10,827,190 $11,368,000 $12,085,002 $717,002 6.3% $12,266,300 $898,300 7.9%
Rental Income 166,641 153,824 153,824 0 0.0% 153,824 0 0.0%
Charges for Service 196,169 187,090 187,090 0 0.0% 170,821 (16,269) -8.7%
Interest 375,479 300,000 250,000 (50,000) -16.7% 250,000 (50,000) -16.7%
Total Revenues $11,565,479 $12,008,914 $12,675,916 $667,002 5.6% $12,840,945 $832,031 6.9%

EXPENDITURES
Personnel $611,955 $659,426 $659,426 $0 0.0% $666,444 $7,018 1.1%
Operations $1,661,797 $1,891,321 $1,890,441 (880) 0.0% $2,414,787 523,466 27.7%
Capital $1,069,013 $1,020,500 $1,020,500 0 0.0% $0 (1,020,500) -100.0%
Total Expenditures $3,342,765 $3,571,247 $3,570,367 ($880) 0.0% $3,081,231 ($490,016) -13.7%

Net Revenues $8,222,714 $8,437,667 $9,105,549 $667,882 $9,759,714 $1,322,047
Transfers Out (9,079,258) (8,749,379) (8,776,059) $26,680 (8,537,062) (212,317)
Proceeds from C.O. Sale 0 0 0 0
Total Other Sources (Uses) ($9,079,258) ($8,749,379) ($8,776,059) ($8,537,062)

Beginning Fund Balance $14,616,798 $13,760,254 $13,760,254 $14,089,744
Ending Fund Balance $13,760,254 $13,448,542 $14,089,744 $15,312,397

FY 2027 HIGHLIGHTS

- The SPDC operating fund is projected to receive $12,840,945 in total revenue, with sales tax budgeted
at $12,266,300 of that total, a projected 7.9% increase over the FY 2026 adopted budget. The
remainder includes rental income ($153,824), charge for service ($170,821) and interest ($250,000).
Total budgeted revenue represents a projected 6.9% increase over the FY 2026 adopted budget.

- Total expenditures for the operating fund are $3,081,231. This is a 13.7% decrease from the FY 2026
adopted budget.
- The adopted FY 2027 budget includes $2,414,787 for operations, $0 for capital expenses and
$666,444 for personnel. SPDC park maintenance expenditures represent about 50% of the current
total park maintenance costs. The plan to fund certain maintenance costs in SPDC is balanced with
comprehensive plan implementation, capital costs, and fund balance needs.
- The ending fund balance for the SPDC Operating Fund will be $15,312,397.

364 FY 2027 City of Southlake | Budget Book