Page 74 - NRH FY20 Approved Budget

INTRODUCTION

This budget document is intended to give the reader a comprehensive overview of funding for the City’s day-to-
day operations, scheduled capital improvement expenditures, and principal and interest payments for the City’s
outstanding long-term debt. The document complies with recommended practices for fiscal and budgetary
transparency of the Government Finance Officers Association (GFOA). Hyperlinks have been to enhance
electronic accessibility of the document.

Organization of Budget Document

The City Manager’s Budget Message is a narrative representation of the entire budget, discussing key budget
decisions and major initiatives of the 2019-2020 Budget. The budget message also serves as a formal transmittal
letter in describing significant changes from the previous year and explains the factors leading to these changes.
This message serves as an overview of the revenues and expenditures for all funds budgeted for fiscal year
2019-2020.

The Introduction section provides information to the reader about the budget, budget process and calendar,
describes the City’s fund structure, describes the structure of the City’s finances, and lists the major financial
and budgetary policies for the City of North Richland Hills.

The Budget Summaries section gives historical and graphical comparisons and budgeted projections for
revenues and expenditures. These summaries provide a concise analysis of revenues and expenditures for each
fund. This allows the reader to review funding sources and expenditures for each fund in a one-page summary.

The Debt Service section identifies the City’s current debt and resources that are set aside to pay principal and
interest on debt incurred through sale of bonds and other debt instruments. These bonds finance capital
improvements to streets, utilities, parks, and buildings.

The Capital Projects section in the operating book provides summary information regarding the capital projects
in progress or those planned for the 201-2020 budget year. This section includes both General and Utility capital
projects and the Park Facilities Development Fund capital projects. More detailed information can be found in
the Capital Projects Budget document where summary reports, detail narratives, financial information and
location maps are provided for each project. The Capital Projects budget is printed as a separate document to
help strengthen the planning process for the Capital Projects Funds, and to provide pertinent data to decision
makers for the uses of these resources. This section also emphasizes the operating impact of capital projects
on the operating budget.

The Appendix contains the following information: ordinances adopting the budget and establishing the tax rate
for the current fiscal year, a community profile, a listing of detailed capital replacements, a personnel distribution
report, and glossary.

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