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CHANGES IN FUND BALANCE SUMMARY

The City of North Richland Hills has a policy of maintaining within the General Fund a minimum unassigned fund
balance to operate the City for a period of 60 days or 15% of the following year’s appropriated budget
expenditures. The policy was established to protect the City from unexpected emergencies and provide
resources during times when the economy underperforms.

The Fund Balance Summary shown on the previous page illustrates an audited beginning fund balance as of
September 30, 2017 for all appropriated funds. The summary also shows estimated changes (increases or
decreases) occurring during FY 2017/18 and estimated for FY 2018/19 with a budget ending balance shown for
the upcoming year for each fund.

Following is a summary of changes occurring from FY 2017/18 to FY 2018/19.

General Fund (Unreserved/Undesignated)
FY 2017/18 FY 2018/19
There is an appropriation of fund balance of $285,133 $56,460 is planned to be drawn down to cover one-
for prior year encumbrances. $1,000,000 historically time expenditures within the fund.
used for Preventive Street Maintenance was added to
reserves. The Preventive Street Maintenance project
will be funded utilizing Certificates of Obligation over
the next three years. A positive fund balance of
$212,013 was also added to reserves.

General Fund Designated for Municipal Court Technology & Security
FY 2017/18 FY 2018/19
A draw down of $49,950 is planned for the purchase of No change.
body and vehicle cameras and associated equipment
for City Marshalls in the FY17/18 Capital Project
Budget.

General Fund Designated for Franchise Peg Fees
FY 2017/18 FY 2018/19
An additional $140,821 is projected to be added to the An additional $131,193 is projected to be added to
funds reserves to match 100% of the expected receipts the funds reserves to match 100% of the expected
in FY 17/18. receipts in FY 18/19.

General Fund Designated for Record Preservation Fee
FY 2017/18 FY 2018/19
No change. No change.

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