Page 15 - 2019 Budget Detail.xlsx

PROPRIETARY FUNDS: A Proprietary fund is a business-like fund of a state or local
government and is used to account for “business-type” activities that are financed by the
revenues generated from these activities. Proprietary funds include enterprise funds
and internal service funds. Enterprise funds provide goods and/or services to the
general public for a fee. Internal Service funds account for goods and services provided
by one department or agency to another department or agency of the governmental unit
on a cost reimbursement basis. Financial transactions are reported using the full accrual
basis of accounting, that is, revenues are recognized when earned and expenses are
recognized when incurred. The equity accounts in proprietary funds are referred to as
“Net Position”.

The City of Richland Hills does not have internal service funds; however, the City does
have two (2) enterprise funds: the Water-Wastewater Fund and the Drainage Utility
Fund.

FUND DEPARTMENT ORGANIZATION UNIT

002 Water-Wastewater Shared Services 030
Administration 062
Transfers/Debt Service 064
Water Product&Distr 066
Wastewater 067
2017 Bonds Debt Service 071
2011 Bonds Debt Service 092
2013 Bonds Debt Service 095
Construction/Cap Projects 088

022 Drainage Utility Drainage Operations 022
2010 Bonds Debt Service 084
2015 Bonds Debt Service 096
Construction/Cap Projects 083

UNBUDGETED FUNDS

The City has two unbudgeted capital project funds: Fund 097 Link Activity Center and
Fund 089 Tax Increment Financing (TIF). The Link Activity Center Fund is used to
account for the use of bond proceeds received for the construction of the Link recreation
center, adjacent park, park plaza and playground area. The remaining available
balance in this fund was appropriated by Council at the end of fiscal year 2017 to

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