Special Projects
This fund was established by Ordinance No. 3175 on January 5, 1981. It contains funds and gifts over which council has full control. Expenditures may be made from this fund for any purpose designated as a "special project" by the council. Ordinance No. 4016, passed by council on November 12, 1990 provides that "not less than 5% of the annual interest income shall be added to the principal." Ordinance No. 4519, passed by council on September 16, 2002 increased the amount which may be retained in the Special Projects Fund from $2,000,000 to $3,000,000 plus interest accruing thereon, and eliminated the stipulation requiring 5% of the annual interest income to be added to the principal. On May 2, 2022 Council adopted Ordinance No. 4958 increasing the upper limit of the Special Projects Fund to $5,000,000 plus interest accruing thereon.
Scroll horizontally to view all financial columns (2022–2026).
| Actual | Actual | Actual | Actual | Budget | |
|---|---|---|---|---|---|
| 2022 | 2023 | 2024 | 2025 | 2026 | |
| ($) | ($) | ($) | ($) | ($) | |
| Revenue | |||||
| Interest | 22,798 | 120,041 | 121,758 | 168,259 | 165,000 |
| Other | - | - | - | - | - |
| Total Revenue | 22,798 | 120,041 | 121,758 | 168,259 | 165,000 |
| Expenditures | |||||
| Contractual Services | |||||
| Consultants | - | - | - | - | - |
| Total Contractual Services | - | - | - | - | - |
| Miscellaneous | |||||
| Old River Parking Lot | - | - | - | - | - |
| Shafor Park Tennis Courts | - | - | - | - | - |
| Other | - | - | - | - | - |
| Total Miscellaneous | - | - | - | - | - |
| Total Expenditures | - | - | - | - | - |
| Excess (Deficiency) of | |||||
| Revenues over Expenditures | 22,798 | 120,041 | 121,758 | 168,259 | 165,000 |
| Other Financing Sources and Uses: | |||||
| Transfers In | |||||
| From General Fund | 1,500,000 | 1,000,000 | - | - | - |
| Transfers Out | |||||
| To General Fund | - | - | - | - | - |
| Total Other Financing Sources and Uses | 1,500,000 | 1,000,000 | - | - | - |
| Net Change in Fund Balance | 1,522,798 | 1,120,041 | 121,758 | 168,259 | 165,000 |
| Cash Balance, Jan. 1 | 2,000,000 | 3,522,798 | 4,642,839 | 4,764,597 | 4,932,856 |
| Add: Receipts | 1,522,798 | 1,120,041 | 121,758 | 168,259 | 165,000 |
| Less: Disbursements | - | - | - | - | - |
| Cash Balance, Dec. 31 | 3,522,798 | 4,642,839 | 4,764,597 | 4,932,856 | 5,097,856 |
| Less: Outstanding Encumbrances | - | - | - | - | - |
| Unencumbered Fund Balance, Dec. 31 | 3,522,798 | 4,642,839 | 4,764,597 | 4,932,856 | 5,097,856 |