Page 366 - CityofSouthlakeFY27Budget

TABLE OF CONTENTS

COMMUNITY ENHANCEMENT AND DEVELOPMENT
CORPORATION (CEDC) FUND

CEDC - OPERATING FUND

Parks/Recreation
2027 Proposed and 2026 Revised Budget

$ Increase/ $ Increase/
2025 2026 2026 (Decrease) % Increase/ 2027 (Decrease) % Increase/
Special Revenue Funds
Actual Adopted Amended Adopted -Decrease Proposed Adopted -Decrease
REVENUES
Sales Tax $8,020,141 $8,424,500 $8,955,800 $531,300 6.3% $9,090,000 $665,500 7.9%
Charges for Services 4,504,104 4,450,607 4,453,577 2,970 0.1% 4,451,321 714 0.0%
Interest 864,093 660,000 660,000 0 0.0% 660,000 0 0.0%
Total Revenues $13,388,338 $13,535,107 $14,069,377 $534,270 3.9% $14,201,321 $666,214 4.9%
EXPENDITURES
Personnel $3,385,219 $3,732,340 $3,732,340 $0 0.0% $3,803,014 $70,674 1.9%
Operations $2,598,664 $2,721,768 $2,687,025 (34,743) -1.3% $2,650,445 (71,323) -2.6%
Capital $0 $0 $0 0 0.0% $0 0 0.0%
Total Expenditures $5,983,883 $6,454,108 $6,419,365 ($34,743) -0.5% $6,453,459 ($649) 0.0%
Net Revenues $7,404,455 $7,080,999 $7,650,012 $569,013 $7,747,862 $666,863

Transfers Out (535,777) (541,404) (562,775) $21,371 (568,053) 26,649
Transfer out-Replacement Fund (1,125,000) (1,125,000) (1,125,000) $0 (1,125,000) 0
Transfer out-CIP 0 (325,000) (325,000) $0 (3,000,000) 2,675,000
Transfer Debt Service (2,445,031) (2,444,806) (2,444,806) $0 (2,449,431) 4,625
Total Other Sources (Uses) ($4,105,808) ($4,436,210) ($4,457,581) $21,371 ($7,142,484) $2,706,274

Beginning Fund Balance $20,171,119 $23,469,766 $23,469,766 $26,662,197
Ending Fund Balance $23,469,766 $26,114,555 $26,662,197 $27,267,575

FY 2027 HIGHLIGHTS

- For FY 2027, $9,090,000 is anticipated in sales tax collections for the District, along with $4,451,321
in charges for services. Staff projects $660,000 in interest income for total revenues of $14,201,321.

- Planned expenditures includes funding for staff needed to operate The Marq Southlake. Personnel
expenses for FY 2027 total $3,803,014.

- FY 2027 operating expenses for The Marq Southlake are $2,650,445, this includes standard expenses
for things like utilities and supplies, as well as economic development business recruitment marketing
and promotions.

- The ending fund balance for the CEDC Operating Fund is projected at $27,267,575.

366 FY 2027 City of Southlake | Budget Book