Page 157 - Approved Annual Budget FY 2019-2020_Flat

City of McAllen, Texas
Development Corporation
of McAllen, Inc.
Fund Summary

Actual Adj. Budget Estimated Budget
17-18 18-19 18-19 19-20
BEGINNING FUND BALANCE $ 13,764,913 $ 12,091,499 $ 16,105,703 $ 14,252,396
Sales Tax Revenue 15,539,033 15,399,191 16,317,051 16,724,977
Sales Tax - Incentive - 1,000,000 1,287,868 1,287,868

Bentsen Rd: Pecan to 3 mile: Hike & Bike Trail 443,614 - - -
Texas Parks & Wildlife Grant - Motorcross - 400,000 - 428,000
War Memorial Ceremonies Plaza Texas Parks & Wildlife Grant 149,922 - - -
Kennedy Ave Drainage Improvements - HMPG 22,931 610,110 - 610,110
El Rancho Santa Cruz Drainage Improvements - HMPG 16,955 268,836 216,649 83,702
Pecan at North 27th Drainage Improvements - HMPG 6,060 37,500 - 210,933
Quince Avenue at North 27th Drainage Improvements - HMPG - 598,652 - 598,652
West Heights Drainage Improvements - HMPG 35,174 3,142,057 - 2,315,292
McAllen Marathon 136,585 130,000 130,000 130,000
Sponsorships- City Annual Parade (2017) 629,500 - - -
Sponsorships- City Annual Parade (2018) - 625,000 649,450 -
Other Revenue - Parade 53,228 55,000 46,054 -
Christmas in the Park 1,091 - 6,384 6,384

Miscellaneous / Recovery Prior Year Exp 35,401 - (2,500) -
G.O. Bond Series 2018 - Simon Mall Parking Garage 5,115,000 - - -
Hackberry Building Lease Reimbursement - 4,500 4,500 18,000
Interest 159,720 140,000 186,645 150,000
Total Revenues 22,344,215 22,410,846 18,842,101 22,563,919
Operating Financing Sources:
Transfer In - General Fund 50,000 - - -
Transfer In - Hotel Occupancy Tax Fund 100,000 100,000 100,000 -
TOTAL RESOURCES $ 36,259,127 $ 34,602,345 $ 35,047,804 $ 36,816,315
Expenditures
Skill Job Training & Learning Centers 1,038,151 999,338 999,338 999,338
Health Clinic Facility 200,000 233,942 233,942 233,942
Business District Improvements 7,484,171 6,158,675 4,751,115 6,602,652
Street and Drainage Improvements 1,488,462 9,582,028 5,564,804 5,695,596
Recreation / Community Centers Impv & Entertainment 1,961,987 3,131,422 2,059,792 1,634,000
Other 2,634,106 2,752,089 2,443,819 6,630,624
Total Expenditures (Detail Schedule Attached) 14,806,877 22,857,494 16,052,810 21,796,152
Other Financing Sources (Uses):
Transfer to General Fund 3,487,200 3,488,825 3,488,825 3,492,600
Transfer to Metro McAllen Fund 925,618 925,618 925,618 933,914
Transfer to Street Consruction Fund 271,077 - - -
Transfer to Airport Fund - - 62,072 -
Transfer to Transit System Fund 234,813 682,841 266,083 657,792
Transfer to Local Govt. Co. Debt Service Fund - - - 1,070,369
Total Other Sources 4,918,708 5,097,284 4,742,598 6,154,675

TOTAL APPROPRIATIONS 19,725,586 27,954,778 20,795,408 27,950,827
Revenues over/(under) Expenditures 2,768,628 (5,543,932) (1,853,307) (5,386,908)

Other items affecting Working Capital (427,838) - - -
UNRESERVED ENDING FUND BALANCE $ 16,105,703 $ 6,647,567 $ 14,252,396 $ 8,865,488

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