Page 156 - Budget Book FY2020-2021
P. 156
City of McAllen, Texas
Development Corporation
of McAllen, Inc.
Fund Summary
Actual Adj. Budget Estimated Budget
18-19 19-20 19-20 20-21
BEGINNING FUND BALANCE $ 16,105,703 $ 17,595,752 $ 17,607,023 $ 3,476,678
1/2¢ Sales Tax Collections 15,940,779 14,322,612 14,322,612 14,322,612
Insight 1,380,287 1,104,705 1,104,705 1,104,705
Christmas in the Park 6,384 6,384 33,024 -
El Rancho Santa Cruz Drainage Improvements HMGP 298,424 83,702 - -
Hackberry Building Lease Reimbursement 4,500 18,000 18,000 -
Kennedy Ave. Drainage Improvement HMGP 46 610,110 546,677 -
McAllen CARES Reimbursement - - - 5,400,000
McAllen Marathon 122,470 130,000 125,880 130,000
Miscellaneous / Recovery Prior Year Expenses (20,279) - - -
Other revenue - Parade 46,054 - - -
Pecan at North 27th St. Drainage Improvement HMGP 172,826 210,933 33,384 -
Quince Ave. at North 27th St Drainage Improvements HMPG 14,204 598,652 - 583,425
Sponsorships- City Annual Parade (2018) 684,576 - - -
War Memorial 22,733 - - -
Westway Heights Drainage Improvements HMGP 1,152,461 2,315,292 932,217 -
Investment Earnings 407,191 150,000 150,000 34,767
Total Revenues 20,232,654 19,550,391 17,266,499 21,575,509
Operating Financing Sources:
Transfer In - Hotel Occupancy Tax Fund 100,000 - - -
TOTAL RESOURCES $ 36,438,357 $ 37,146,143 $ 34,873,522 $ 25,052,186
Expenditures
Skill Job Training & Learning Centers 1,001,123 999,338 999,338 885,000
Health Clinic Facility 233,942 233,942 233,942 230,000
Business District Improvements 5,106,858 12,453,825 11,008,432 6,370,202
McAllen Cares - 5,400,000 5,400,000 -
Public Safety - 610,950 610,950 -
Street and Drainage Improvements 3,285,565 3,578,556 3,081,344 4,660,697
Recreation / Community Centers Impv. & Entertainment 1,926,219 1,992,085 572,596 1,646,470
Other 2,610,921 7,185,920 4,025,403 5,105,633
Total Expenditures (Detail Schedule Attached) 14,164,628 32,454,616 25,932,005 18,898,002
Other Financing Sources (Uses):
Transfer to General Fund 3,488,825 3,492,600 3,492,600 200,000
Transfer to McAllen Express Fund 925,618 933,914 540,537 67,000
Transfer to Transit System Fund 263,533 775,626 268,219 466,441
Transfer to Christmas Parade Fund - 93,114 93,114 -
Transfer to Local Govt. Co. Debt Service Fund - 1,070,369 1,070,369 910,435
Total Other Sources 4,677,976 6,365,623 5,464,839 1,643,876
TOTAL APPROPRIATIONS 18,842,605 38,820,239 31,396,844 20,541,878
Revenues over/(under) Expenditures 1,490,050 (19,269,849) (14,130,345) 1,033,631
Other items affecting Working Capital 11,270 - - -
UNRESERVED ENDING FUND BALANCE $ 17,607,023 $ (1,674,096) $ 3,476,678 $ 4,510,309
-106-
