HomeMy WebLinkAboutRes 2024-06-1642 Amendment to the CDC FY 2023-24 BudgetEXHIBIT A
Community Development Corporation
Expense:
Account No. Project No. Budget Change
Revised
Budget
890-825-67053 FF-2023-02 2,000,000$ (2,000,000)$ -$
890-825-69310 350,000$ 2,700,000$ 3,050,000$
Justification:
CITY OF ANNA
DETAIL OF RECOMMENDED FY2023-24 BUDGET AMENDMENT
Project Name
Municipal Complex Plaza
In 2022, the City Council and CDC-EDC Board held a joint workshop, and identified property acquisition in
downtown as a priority. To carry out that goal, the CDC has identified two properties at the northeast corner
of White Street and Powell Pkwy for acquisition.
Land Acquisition
EXHIBIT A
Actual Budget Adopted Budget Revised Budget
2021-22 2022-23 2023-24 2023-24
BEGINNING BALANCES 1,791,879$ 1,613,338$ 7,691,277$ 6,638,149$
REVENUES:
Property Taxes -$ -$ -$ -$
Sales Tax 2,308,746 2,460,000 2,460,000 2,460,000
Charges for Services - - - -
Permits, Licenses and Fees - - - -
Franchise and Local Taxes - - - -
Investment Income - - - -
Other Revenues - - - -
Intergovernmental 14,953 5,000 15,000 15,000
Fines 5,615,808 - - -
TOTAL OPERATIONAL REVENUE 7,939,507$ 2,465,000$ 2,475,000$ 2,475,000$
Transfers from other funds - - - -
TOTAL REVENUES 7,939,507$ 2,465,000$ 2,475,000$ 2,475,000$
TOTAL AVAILABLE RESOURCES 9,731,386$ 4,078,338$ 10,166,277$ 9,113,149$
EXPENDITURES:
Payroll 393,067$ 468,189$ 462,634$ 462,634$
Supplies 12,393 13,100 16,100 16,100
Maintenance - - - -
Services 890,769 2,286,889 4,289,665 2,289,665
Debt Service 256,837 193,865 203,006 497,024
Capital Outlay - - - -
Capital Improvement - - 350,000 3,050,000
TOTAL OPERATIONAL EXPENDITURES 1,553,066$ 2,962,043$ 5,321,405$ 6,315,423$
Transfers to other funds - - - -
TOTAL EXPENDITURES 1,553,066$ 2,962,043$ 5,321,405$ 6,315,423$
ENDING FUND BALANCES 8,178,320$ 1,116,295$ 4,844,872$ 2,797,726$
CITY OF ANNA
COMMUNITY DEVELOPMENT CORPORATION