Page 103 - Hurst FY19 Approved Budget

Court Building Security Fund, the Municipal Court Technology Fund, the Juvenile Case
Manager Fund, the Traffic Signal Safety Fund, the Commercial Vehicle Inspection Fund,
the Video and Cable Provider Peg Fee Fund, the Storm Drainage Management Fund, the
Community Services Half Cent Sales Tax Fund, and the Anti-Crime Half Cent Sales Tax
Fund. They were established to account for the proceeds of specific revenue sources
that are restricted to expenditures for specific purposes.

Other Proprietary or Enterprise Funds provision of water and wastewater services
has historically been the City’s only proprietary or enterprise operation. As such, the
City’s budget continues to label water and wastewater operations as the “Enterprise
Fund.” The City constructed and opened a state-of-the-art conference center in 2010.
Staff will continue to classify water and wastewater operations as the City’s Enterprise
Fund, but will also account for the Hurst Conference Center Fund as an enterprise fund.

Capital Improvement Funds

Street Bond Funds account for the financing and construction of various street projects.
The projects primarily involve street reconstruction and enhancement that will add
to the value and life of the infrastructure with very little impact on current operating
costs. Many projects provide substantial savings to the operating budgets by reducing
maintenance costs.

Drainage Bond Funds account for the financing and construction of various drainage
projects. All drainage projects reduce operational costs for future years.

Water and Sewer Bond Funds account for capital improvement programs and capital
equipment financed by bond sales. Although this fund is part of the Enterprise Fund, it
is included in this section because the projects are addressed by priority and funding in
the Capital Improvement Program. The ongoing capital improvement program for the
replacement of utility mains and lines does not add operating costs to the Enterprise
Fund budget.

The General Obligation Bond Fund accounts for the voters’ adopted 2005 $11.8 million
bond program and 2012 $16.5 million bond program. The General Obligation Bond
Fund will ensure all debt issued for voter approved projects is appropriately expended.
Creation of a separate GO bond fund also assists the City in complying with arbitrage
calculation requirements. New or expanded facilities constructed with GO bond funds
increase the city’s operational costs for utilities and maintenance.

Other Project Funds account for other project funds utilized by the City to manage
pay-as-you-go projects. For example, the Special Projects Fund is used to account for
Council and City Manager approved projects, which are funded by operational reserves.

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