CITY OF BURLINGTON
PARK DEVELOPMENT FUND
BUDGET FOR THE YEAR 2008
Anticipated Proposed Proposed Proposed
Actual Budget Actual Budget Actual Budget Budget Budget
2005 2006 2006 2007 2007 2008 2009 2010
Revenues
820-454590-000 Park Development Fees  $    11,500  $    18,000  $         67,000  $                -    $            15,500 [1]  $       277,200 [2]  $         26,000 [3]  $            25,500 [4]
820-484811-000 Investment Income        650     3,100             545          2,256                600          2,000          6,847             6,593
Donations and Memorials           -             -                 40               -                    95               -                 -                     -  
Total Revenues   12,150   21,100        67,585          2,256           16,195      279,200        32,847           32,093
   
Expenditures
Current:
820-555551-800 Culture, Recreation and Education   32,814   54,500        34,744        43,000 63,252        43,000        43,000           43,000
Total Expenditures   32,814   54,500        34,744        43,000           63,252        43,000        43,000           43,000
Excess Revenues Over (Under)
Expenditures  (20,664)  (33,400)        32,841      (40,744)          (47,057)      236,200      (10,153)          (10,907)
Fund Balance - January 1   72,550   51,886        51,886        84,727           84,727        37,670      273,870         263,717
 
Fund Balance - December 31  $    51,886  $    18,486  $         84,727  $         43,983  $            37,670  $       273,870  $       263,717  $          252,809
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[1]
 :
Stonegate Add. Park fees from 2006 that never were allocated to the fund.
[2]
 $3000 from services clubs in payment for pavillion in Devor park, 257,200 for land sold to Schaffer development, plus 17,000 for 34 single homes (out of 127-est.) at $500 per home
[3]
 :
$3000 from services clubs in payment for pavillion in Devor park, plus 23,000 for 46 single Schafer homes out of 127 at $500 each
[4]
 :
$3000 from services clubs in payment for pavillion in Devor park, plus 22,500 for 45 single Schafer homes at $500