Page 192 - City of McAllen - Approved Annual Budget Book FY 24-25
P. 192
City of McAllen, Texas Adopted Budget 2025
DEVELOPMENT CORPORATION OF MCALLEN, INC. FUND
Fund Balance Summary
Actual Adj. Budget Estimated Budget
22-23 23-24 23-24 24-25
BEGINNING FUND BALANCE $ 23,617,133 $ 23,234,380 $ 23,234,380 $ 25,609,115
Revenues:
1/2 Cent Sales Tax Collections $ 21,920,390 $ 22,590,294 $ 22,590,294 $ 23,042,100
Insight 1,478,112 1,390,347 1,390,347 1,418,154
Christmas in the Park 15,190 - 11,142 -
Federal Grants / EDA (Business Industrial Park) 161,587 1,500,000 1,500,000 -
Developer Contribution (Business Industrial Park) - 2,030,000 2,030,000 -
Hackberry Building Lease Reimbursement 4,500 - - -
Quince Avenue at N. 27th St Drainage (75% FEMA, 25% City) 582,727 63,014 683,905 -
Investment Earnings 984,094 - 1,243,637 848,625
Miscellaneous / Recovery Prior Year Exp (100) - 29,292 -
Total Revenues $ 25,146,499 $ 27,573,655 $ 29,478,617 $ 25,308,879
Other Financing Sources:
SBITA Issuance $ 116,433 $ - $ - $ -
TOTAL RESOURCES $ 48,880,065 $ 50,808,035 $ 52,712,997 $ 50,917,994
APPROPRIATIONS
Agencies $ 3,356,450 $ 3,682,264 $ 3,682,264 $ 4,354,764
Business District Improvements 7,483,686 12,564,730 9,142,952 12,276,847
Street and Drainage Improvements 4,383,486 8,385,048 4,549,033 3,298,154
Recreation / Community Centers Impv & Entertainment 1,255,035 827,911 461,599 988,201
Other 3,084,573 12,593,022 6,550,302 8,513,408
Total Expenditures (Detail Schedule Attached) $ 19,563,230 $ 38,052,975 $ 24,386,150 $ 29,431,374
Other Financing Sources (Uses):
Transfer Out:
General Fund $ 200,000 $ 200,000 $ 200,000 $ 200,000
Sales Tax Debt Fund 205,670 300,000 300,000 300,000
Metro McAllen Fund 1,495,683 1,531,683 1,531,683 1,850,207
Transit System Fund 131,362 218,491 178,457 218,491
Quinta Mazatlan - CUE Fund - - - 1,500,000
Local Govt� Co� Debt Service Fund 600,584 909,175 458,592 460,000
McAllen Marketing Fund 49,000 49,000 49,000 100,000
Drainage Fee Fund (McAllen Lateral Channel Improvements) - - - 370,000
Infrastructure and Improvement Fund 3,273,600 - - -
Risk Management Fund 66,556 - - -
Debt Service - SBITA 60,000 - - -
Total Other Sources 6,082,455 3,208,349 2,717,732 4,998,698
TOTAL APPROPRIATIONS $ 25,645,684 $ 41,261,324 $ 27,103,882 $ 34,430,072
Revenues over/(under) Expenditures (382,752) (13,687,669) 2,374,735 (9,121,193)
Other items affecting Working Capital - 1,677,370 - -
UNRESERVED ENDING FUND BALANCE $ 23,234,380 $ 7,869,341 $ 25,609,115 $ 16,487,922
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