Page 105 - Fort Worth City Budget 2019

General Fund

Financial Management Services

DEPARTMENT SUMMARY

FY2017 FY2018 FY2018 FY2019 Change from Adopted
Final Adopted Adjusted Adopted Amount %
Property Tax 345,461,969 371,235,691 371,235,691 401,690,423 30,454,732 8.20%
Sales Tax 148,343,548 154,573,000 154,573,000 163,151,802 8,578,802 5.55%
Other Tax 54,976,128 54,820,905 54,820,905 55,487,905 667,000 1.22%
License & Permits 329,826 327,878 327,878 337,000 9,122 2.78%
Intergovernmental 152,783 50,000 50,000 - (50,000) -100.00%
Charge for Service 9,207,655 9,131,116 9,131,116 9,730,090 598,974 6.56%
Use of Money & Property (4,469) - - - - 0.00%
Other 465,966 348,000 348,000 500,250 152,250 43.75%
Transfer In 32,130,436 33,945,979 34,000,979 34,658,272 712,293 2.10%
Revenue $591,063,843 $624,432,569 $624,487,569 $665,555,742 $ 41,123,173 6.59%

Salaries & Benefits 8,689,154 8,448,618 8,784,389 9,105,004 656,386 7.77%
Gen Operating & Maintenance 2,627,085 3,127,079 2,944,716 3,142,571 15,492 0.50%
Transfer Out & Other - 17,000 72,000 - (17,000) -100.00%
Expenses $ 11,316,238 $ 11,592,697 $ 11,801,105 $ 12,247,575 $ 654,878 5.65%

FTE 89.00 89.00 0.00 0.00%

AP 89.00 89.00 0.00 0.00%

DEPARTMENT PURPOSE AND GOALS
The Financial Management Services Department has complete responsibility for the financial
administration of the city. These duties are performed by the following divisions: Administration,
Accounting, Financial Reporting, Treasury, Financial Systems Management, Public Improvement District
(PID) Administration and Purchasing.

The Administration Division is responsible for providing overall planning and support to the other
elements of the Department which includes administering fiscal and administrative responsibilities such
as budget, human resources, payroll, revenue, asset management, information technology and
procurement.

The Accounting Division maintains the general ledger, performs grant accounting and administration,
and records and tracks the city’s capital assets in an accounting system conforming to city charter
requirements and municipal accounting principles. This team also completes bank and balance sheet
account reconciliations in addition to performing fund level reviews to ensure the accuracy of entries
made to general ledger accounts. This team manages the traditional period-end close processes and
oversees interfaces from external systems into the general ledger.

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