Page 402 - Hurst FY19 Approved Budget

OTHER FUNDS

INTERNAL SERVICE FUNDS

The Internal Service funds are the Fleet Service Fund, the Information Technology Fund,
and the Loss Reserve Fund. The Fleet Service Fund and Information Technology Fund
were established to charge user departments for vehicle and computer maintenance
and replacement costs, respectively. The self-funded Loss Reserve Fund records all
activity for the employee health care benefit program.

DEBT SERVICE FUND

The Debt Service Fund’s purpose is to provide for principal and interest payments for
the City’s General long-term debt obligations. There is a comprehensive analysis of
policies and projections concerning the City’s tax-supported debt in this section.

SPECIAL REVENUE OR RESTRICTED FUNDS

The fourteen restricted funds are the, the Special Projects Fund, the Hotel-Motel Tax
Fund, the Park Donation Fund, the Fire Grant Fund, the Police Grant Fund, the Municipal
Court Building Security Fund, the Municipal Court Technology Fund, the Juvenile Case
Manager Fund, the Commercial Vehicle Safety Fund, the Traffic Signal Safety Fund, the
Cable and Video 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. Descriptions and financial
information are located in this section.

OTHER PROPRIETARY OR ENTERPRISE FUNDS

The 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 opened a state-of-the-art
conference center as its second proprietary or enterprise operation. 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. A detailed
description and financial information are located in this section.

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