Adopted Budget FY 2018-2019
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City of McAllen, Texas<br />
Development Corporation<br />
of McAllen, Inc.<br />
Fund Summary<br />
Actual Adj. <strong>Budget</strong> Estimated <strong>Budget</strong><br />
16-17 17-18 17-18 18-19<br />
BEGINNING FUND BALANCE $ 13,800,433 $ 13,769,600 $ 13,764,913 $ 12,091,499<br />
Sales Tax Revenue 14,655,387 14,657,520 15,397,246 16,399,191<br />
Bentsen Rd: Pecan to 3 mile: Hike & Bike Trail 469,710 491,082 - -<br />
Texas Parks & Wildlife Grant - Motorcross - 572,000 - 400,000<br />
War Memorial Ceremonies Plaza Texas Parks & Wildlife Grant 26,515 181,250 50,687 -<br />
Kennedy Ave Drainage Improvements - HMPG - 633,041 22,931 610,110<br />
El Rancho Santa Cruz Drainage Improvements - HMPG - 476,272 207,435 268,836<br />
Pecan at North 27th Drainage Improvements - HMPG - 178,886 141,386 37,500<br />
Quince Avenue at North 27th Drainage Improvements - HMPG - - - 598,652<br />
West Heights Drainage Improvements - HMPG - 3,177,230 35,174 3,142,057<br />
TAAF Games -Fees 116,224 - - -<br />
TAAF Games - Sponsorship 24,000 - - -<br />
McAllen Marathon 93,031 160,000 130,744 130,000<br />
Sponsorships- City Annual Parade 710,867 690,000 628,667 625,000<br />
Other Revenue - Parade 64,661 60,000 53,228 55,000<br />
Christmas in the Park - - 1,091 -<br />
Miscellaneous / Recovery Prior Year Exp 22,541 - 35,150 -<br />
G.O. Bond Series 2017 - Simon Mall Parking Garage 10,165,000 - - -<br />
G.O. Bond Series <strong>2018</strong> - Simon Mall Parking Garage - 5,115,000 5,115,000<br />
Interest 101,813 110,000 124,091 140,000<br />
Total Revenues 26,449,750 26,502,281 21,942,828 22,406,346<br />
Operating Transfer In<br />
Transfer In - Hotel Occupancy Tax Fund - 100,000 100,000 100,000<br />
TOTAL RESOURCES $ 40,250,183 $ 40,371,881 $ 35,807,741 $ 34,597,845<br />
Expenditures<br />
Skill Job Training & Learning Centers 1,371,703 1,040,300 1,040,300 999,338<br />
Health Clinic Facility 176,000 200,000 200,000 233,942<br />
Business District Improvements 15,182,524 10,498,421 9,541,036 5,918,675<br />
Street and Drainage Improvements 786,453 9,171,145 3,022,871 9,359,976<br />
Recreation / Community Centers Impv & Entertainment 2,101,433 3,618,863 2,216,295 2,858,000<br />
Other 2,392,242 2,817,306 2,552,020 2,691,664<br />
Total Expenditures (Detail Schedule Attached) 22,010,355 27,346,035 18,572,522 22,061,595<br />
Transfers-Out<br />
Transfer to General Fund 3,489,150 3,487,200 3,487,200 3,488,825<br />
Transfer to Metro McAllen Fund 803,373 925,618 925,618 925,618<br />
Transfer to Street Consruction Fund - 271,077 271,077 -<br />
Transfer to Transit System Fund 209,457 995,833 459,825 682,841<br />
Total Transfers-Out 4,501,980 5,679,728 5,143,720 5,097,284<br />
TOTAL APPROPRIATIONS 26,512,440 33,025,763 23,716,242 27,158,879<br />
Revenues over/(under) Expenditures (62,585) (6,523,482) (1,773,414) (4,752,533)<br />
Other items affecting Working Capital 27,064 - - -<br />
UNRESERVED ENDING FUND BALANCE $ 13,764,913 $ 7,346,118 $ 12,091,499 $ 7,438,966<br />
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