Page 376 - CityofSouthlakeFY27Budget

TABLE OF CONTENTS

PARKS AND RECREATION FUND

SPECIAL REVENUE FUND
Park and 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
Donations/Sponsorships $41,510 $37,000 $37,000 $0 0.0% $39,000 $2,000 5.4%
Special Revenue Funds
Miscellaneous 0 0 0 0 0.0% 0 0 0.0%
Interest 10,132 8,000 8,000 0 0.0% 8,000 0 0.0%
Total Revenues $51,642 $45,000 $45,000 $0 0.0% $47,000 $2,000 4.4%

EXPENDITURES
Parks and Recreation $48,772 $44,000 $44,000 $0 0.0% $47,000 3,000 6.8%
Park Improvements 0 0 0 0 0.0% 0 0 0.0%
Land 0 0 0 0 0.0% 0 0 0.0%
Total Expenditures $48,772 $44,000 $44,000 $0 0.0% $47,000 $3,000 6.8%

Net Revenues $2,870 $1,000 $1,000 $0 $0 ($1,000)

Transfer from other funds $0 $0 $0 $0
Transfer to other funds $0 $0 $0 $0
Total Other Sources/(Uses) $0 $0 $0 $0

Beginning Fund Balance $230,986 $233,856 $233,856 $234,856
Ending Fund Balance $233,856 $234,856 $234,856 $234,856

FY 2027 HIGHLIGHTS

- Planned expenses in this fund are directed toward enhancing City special events, programs, athletic
fields, and parks for which sponsorships are granted. The funds received through sponsorships assist
with offsetting enhanced services offered to the community.

- The adopted budget reflects revenues of $39,000 in donations and sponsorships and $8,000 in
interest earnings for total revenues of $47,000.

- The adopted budget anticipates a beginning fund balance of $234,856. Expenses are estimated at
$47,000 leaving the fund with a projected fund balance of $234,856.

376 FY 2027 City of Southlake | Budget Book