Page 367 - CityofSouthlakeFY27Budget

TABLE OF CONTENTS

COMMUNITY ENHANCEMENT AND DEVELOPMENT
CORPORATION FUND - REPLACEMENT FUND

CEDC - REPLACEMENT FUND Special Revenue Funds
Parks/Recreation
2027 Proposed and 2026 Revised Budget

$ Increase/ $ Increase/
2025 2026 2026 (Decrease) % Increase/ 2027 (Decrease) % Increase/
Actual Adopted Amended Adopted -Decrease Proposed Adopted -Decrease
REVENUES
Interest 235,281 200,000 175,000 (25,000) -12.5% 175,000 (25,000) -12.5%
Total Revenues $235,281 $200,000 $175,000 ($25,000) 0.0% $175,000 ($25,000) -12.5%

EXPENDITURES
Operations $25,775 $0 $0 $0 0.0% $0 0 0.0%
Capital 282,247 1,845,046 1,845,046 0 0.0% 718,951 (1,126,095) -61.0%
Total Expenditures $308,022 $1,845,046 $1,845,046 $0 0.0% $718,951 ($1,126,095) -61.0%

Net Revenues ($72,741) ($1,645,046) ($1,670,046) ($25,000) ($543,951) $1,101,095

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 $4,757,886 $5,810,145 $5,810,145 $5,265,099
Ending Fund Balance $5,810,145 $5,290,099 $5,265,099 $5,846,148

FY 2027 HIGHLIGHTS

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

- FY 2027 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 $718,951 in FY 2027 planned expenditures.

- The ending fund balance is projected to be $5,846,148.

FY 2027 City of Southlake | Budget Book 367