Operating Budget 2025-2026

MIDTOWN SPECIAL SERVICE DISTRICT FUND FIVE-YEAR SUMMARY 1

Actual 2 FY 2024

Actual

Actual

Revised FY 2025

Adopt ed FY 2026

FY 2022

FY 2023

REVENUES Real Estate Taxes Interest Income

2,830 $

15,533 $

39,800 $

25,000 $

25,000

$

8,018

19,080 198,675

52,700 534,200

-

-

Transfers in

-

596,500

667,900 692,900

Total Revenues

10,848 $

233,288 $

626,700 $

621,500 $

$

EXPENDITURES Debt Service

198,675 $ 198,675 $

198,675 $ 198,675 $

558,675 $ 558,675 $

621,500 $ 621,500 $

692,900 692,900

$ $

Total Expenditures

Excess (Deficiency) of Revenues Over Expenditures and Transfers

(187,827)

34,613

68,025

-

-

Fund Balance at Beginning of Fiscal Year Fund Balance at End of Fiscal Year

218,341

30,514

65,127

133,152

133,152 133,152

30,514 $

65,127 $

133,152 $

133,152 $

$

1 For comparison purposes with other fund summaries, projected and budgeted expenditures are recognized on the modified accrual basis of accounting.

2 The FY 2024 Actuals are unaudited.

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