Page 42 - NRH FY20 Approved Budget

BUDGET OVERVIEW

Fund Overviews

Before moving into the details of the revised and adopted budgets, it is important to give an
overview of the types of funds used in planning and accounting for the annual program of
work to create a clearer understanding of the budget as it is reviewed.

General Fund
The General Fund is the principal fund of the city and is used to account for resources
associated with core government services, such as police, fire, streets, library services, code
compliance and building inspections. This is also the largest fund in the operating budget. The
two largest sources of revenue within this fund are property tax and sales tax. These two
sources account for approximately 60% of the fund’s total revenue in the FY 2019/2020 Adopted
Budget.

Special Revenue Funds
Special Revenue Funds are used to account for the proceeds of specific revenue sources that
are restricted to expenditures for specified purposes. Special Revenue Funds include: Parks &
Recreation Facilities Development Fund, Crime Control and Prevention District Fund,
Promotional Fund, Donations Fund, Special Investigations Fund, Drainage Utility Fund, Gas
Development Fund and Traffic Safety Fund.

Park and Recreation Facilities Development Fund
Accounts for the accumulation and use of resources to build and improve city parks and
recreation facilities, as well as economic development projects. Financing is provided primarily
from the half-cent sales tax and NRH Centre revenues.

Crime Control and Prevention District Fund
Accounts for the accumulation and use of the half-cent sales tax proceeds dedicated for crime
prevention and reduction programs. Financing is provided primarily from sales taxes, franchise
fees and investment income. Voters reapproved the Crime Control and Prevention District
(CCD) for 20 years in May 2010.

Promotional Fund
Accounts for the operations and expenditures for which hotel/motel occupancy taxes are used.
Occupancy tax revenues are used primarily to attract tourists and new businesses to the city.

Donations Fund
Accounts for the operations for which voluntary contributions by citizens are used. Contributions
are used primarily to support library activities, the Animal Adoption and Rescue Center, and
special events/public art. The Donations Fund derives most of its revenue from contributions
made through city utility bills. The utility bill contributions are allocated to the Library
($0.65), Animal Services ($0.65), and special events and arts ($0.20).

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