Page 122 - Hurst FY20 Approved Budget

GENERAL FUND GENERAL FUND
GENERAL FUND
GENERAL FUND
"WHER E THE M ONEY COM ES "WHER E THE M ONEY GOES"
FROM "
Where the Money Comes From Where the Money Goes
Police $11,331,353
Ad Valorem Tax $14,939,060
Ad Valorem Tax Police $11,331,353
Consumer Tax $8,966,002 $14,939,060 Fire Fire $8,640,235
$8,640,235
Consumer Tax $8,966,002
Intragovernmental $6,435,992 Parks/Rec/Senior $6,218,417
Parks / Rec / Senior $6,218,417
Intragovernmental
Franchise Tax $2,556,091 $6,435,992 Public Works $3,044,237
Public Works $3,044,237
Charges for Services $2,081,922
Franchise Tax $2,556,091 Non Departmental $2,457,435
Non Departmental $2,457,435
Fines $1,133,675
Library
Charges for Services $2,081,922 Library $1,766,022 $1,766,022
Licenses / Permits $816,000
General Services $1,510,628 $1,510,628
General Services
Intergovernmental $287,945 $1,133,675
Fines
Public Services $1,069,613
Miscellaneous $287,835 Public Services $1,069,613
Licenses/Permits $816,000
Administration $606,521
Administration $606,521
Intergovernmental $287,945 Fiscal Services $449,943
Fiscal Services $449,943
Human Resources $410,118
Miscellaneous $287,835 Human Resources $410,118

The above graph indicates that the largest source of The above graph indicates that the largest
revenues for the General Fund is from Ad Valorem expenditures for the General Fund are for Public
taxes. Ad Valorem or property taxes are collected Safety, Police and Fire protection. This is primarily
on both real property and commercial inventories. due to the number of employees required to maintain
Residential property taxes are the primary the current level of public safety service to Hurst
component of Ad Valorem revenues, followed by citizens. Significant expenditures for all
commercial property and inventory. Consumer departments, especially Public Works and
Community Services, include personnel, “Pay-As-
taxes are City sales tax, mixed beverage tax and You-Go” for infrastructure improvements, and new
bingo tax. These consumer taxes are collected by and replacement equipment. Pay-as-you-go
the State. The State remits 2% of the sales tax projects reduce the need to issue debt thus reducing
collected on goods and eligible services sold within the pressure on our I&S tax rate.
the City monthly, with 1% allocated to the General
Fund, ½% allocated to the Community Services
Half-Cent Sales Tax Fund, and ½% allocated to the
Anti-Crime Half-Cent Sales Tax Fund. In 2010,
voters approved a twenty-year extension of the
City’s ½% Anti-Crime Sales Tax Program. Anti-
Crime receipts, like the Community Services taxes,
are not deposited to the General Fund but assist in
relieving the General Fund budget for ongoing and
new crime control and prevention activities.
Consumer taxes are harder to predict than most
other revenue sources because receipts reflect
conditions of the national, regional, and local
economy through retail sales.

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