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HomeMy WebLinkAbout(0076) PID 1_FY2022 Budget vFINAL.pdfFORT WORTH City of Fort Worth Five Year Service Plan FY 21-22 - FY25-26 Public Improvement District No. 1 - Fort Worth FIVE YEAR SERVICE PLAN FY21/22 FY22/23 FY23/24 REVENUES PID Assessments` COFW Assessment COFW Payment in lieu of Services PID Generated Revenue Total Budgeted Revenues Use of Fund Balance Total Revenues EXPENSES Management Fee Utilities Landscaping Maintenance & Operations Tree Lights Security Ambassador Program Newsletter Marketing & Research Transportation & Planning City Audit City Administrative Fee Total Budgeted Expenses Contribution to Fund Balance Total Expense %.N� PD I)C)WN'I'OWN I'nli IWnizI'11 FY25/26 $ 2,554,208 $ 2,685,660 $ 2,775,630 $ 2,831,143 $ 2,887,766 295,395 295,395 295,395 295,395 295,395 161,755 165,000 168,300 171,666 175,099 153,772 155,000 155,000 155,000 155,000 $ 3,165,130 $ 3,295,780 $ 3,389,050 $ 3,447,929 $ 3,507,985 60,528 - $ 3,225,658 $ 3,295,780 $ 3,389,050 $ 3,447,929 $ 3,507,985 $ 464,650 $ 465,000 $ 465,000 $ 470,000 $ 475,000 11,500 12,000 13,000 14,000 15,000 90,000 90,000 90,000 100,000 125,000 1,257,805 1,260,000 1,235,000 1,250,404 1,231,404 40,000 20,000 30,000 20,000 45,000 10,700 10,700 11,981 12,220 12,220 685,000 690,000 695,000 700,000 724,200 12,500 12,500 12,500 12,500 12,500 401,200 405,000 410,000 415,000 445,253 186,500 190,000 165,000 168,300 171,666 2,500 2,500 2,500 2,500 2,500 63,303 65,916 67,781 68,959 70,160 $ 3,225,658 $ 3,223,616 $ 3,197,762 $ 3,233,883 $ 3,329,903 $ - $ 72,164 $ 191,288 $ 214,046 $ 178,082 $ 3,225,658 $ 3,295,780 $ 3,389,050 $ 3,447,929 $ 3,507,985 Net Change in Fund Balance $ (60,528) $ 72,164 $ 191,288 $ 214,046 $ 178,082 Fund Balance, Beginning of Year (Estimated Yrs 2-5) 345,622 285,094 357,258 548,546 762,592 Estimated Fund Balance, End of Year 285,094 357,258 548,546 762,592 940,674 Reserve Requirement 537,377 533,067 539,088 555,095 555,095 Over (Under) Reserve $ (252,283) $ (175,809) $ 9,458 $ 207,497 $ 385,579 *FY2022 Assessment Rate = $.115