Page 95 - Hurst FY20 Approved Budget

ANALYSIS OF CHANGES IN
FUND BALANCES/RETAINED EARNINGS

The following table indicates the reasons for projected changes in fund balances/retained earnings of ($1,107,219):
2017-2018 2018-2019
Fund Difference Explanation
Year End Year End
Budget balanced and provides for at least 90 days of operations.
General Fund $8,400,000 $8,400,000 $0
Any savings will be transferred to the Special Projects Fund.
Retained earnings are expected to decrease due to depreciation
costs, which do not impact the fund's cash position. The retained
Enterprise Fund $16,339,159 $16,319,063 ($20,096)
earnings at year end will continue to allow for 90+ days of
operational funding.
Fee collections in 2019-2020 will cover current expenditures.
Storm Water Management $338,848 $350,200 $11,352 Now in its 12th year of operations, the city is utilizing $11,352 in
Fund fund balance to complete one time maintenance and drainage
improvement projects approved for 2019-2020.
For fiscal year 2019-2020, the City has budgeted conservatively.
The Conference Center has begun making a profit and any fund
Conference Center Fund $1,565,000 $1,661,019 $96,019
balance will be used for one time purchases needed during 2019-
2020.
The City carries a $4.1 contingency in this fund to ensure a
Anti-Crime Fund $5,360,664 $5,360,664 $0 healthy fund balance and to fund one-time maintenance and
equipment purchases.

Current revenues will cover 2019-2020 operating costs. The
Community Services Half $2,295,034 $2,262,794 ($32,240) decrease in fund balance is due to one-time pay-as-you-go
Cent Sales Tax
capital costs to improve parks, recreation and aquatics.
Court, Public Safety and $1,324,064 $1,294,621 ($29,443) Decrease is primarily due to the discontinuation of the Traffic
Other Special Revenues Signal Safety Fund.
Depreciation is included in this change in fund balance. For 2019-
Fleet Services Fund $4,281,971 $4,253,898 ($28,073) 2020 $635,500 of Police, Fire and City wide vehicles will be
replaced.
Depreciation is included in this change in fund balance. For 2019-
Information Technology 2020 $159,500 of annual IT equipment and one time capital outlay
Fund $3,437,186 $3,575,289 $138,103 will be replaced. Increase is due to increased maintenance
costs.
Debt Service $650,000 $660,018 $10,018 The increase is due to an increase in current collections.

Decrease assumes that allocated funds for specific projects will
be spent and the city's policy to maintain an $8 million dollar
Special Projects $15,767,803 $9,500,000 ($6,267,803) economic contingency reserve will remain in effect. All planned
projects require final approval from the City Manager or Council
before commencement.
The city issued voter approved debt to fund the new Animal
GO Infrastructure Bonds $0 $7,000,000 $7,000,000
Control Shelter.
Current revenues will sufficiently offset current operating and
Hotel Motel/Park Donation $1,980,953 $1,939,001 ($41,952) debt-related expenditures. The city designates $730,000 as a
debt service reserve in Hotel/Motel Fund.
The increase in Bond Fund balances are due to the anticipated
Capital Project Bond Funds $6,977,834 $12,034,730 $5,056,896 issuance of debt for a new animal control center and street
improvement projects.
Totals $68,718,516 $74,611,297 $5,892,781

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