Page 82 - Hurst Budget FY21

CITY OF HURST
SUMMARY OF REVENUES, EXPENDITURES AND CHANGES
IN FUND BALANCES
FISCAL YEAR 2020-2021

DEBT SERVICE FUND & SPECIAL CAPITAL PROJECTS FUND
REVENUE FUNDS

Street & Operating & Capital
Debt Service Hotel/ Motel Park Donation Special Projects GO Infrastructure Other Funding Project Bond
Fund Fund Fund Fund Bonds Drainage Bond PPFCO Bonds Sources
Funds Funds TOTAL

Beginning Balance 10/01/20 $427,615 $1,479,529 $225,460 $16,398,009 $6,114,820 $4,551,755 $575,000 $2,623,818 $77,028,611
REVENUES
Taxes 4,209,435 516,023 $39,963,950
Licenses and Permits $892,000
Charges for Services $1,752,700
Storm Water Mgmt. Fees $1,085,100
Water Sales $13,959,304
Sewer Sales $8,308,889
Fines $1,514,690
Miscellaneous (308,142) 85,000 160,000 10,000 $412,477
Intergovernmental/Grants $598,609
Intragovernmental $9,142,015
Conference Center Sales $2,386,828
Total Revenues 3,901,293 516,023 85,000 160,000 0 10,000 0 $80,166,562
Total Available Resources 4,328,908 1,995,552 310,460 16,558,009 6,114,820 4,561,755 575,000 2,623,818 $157,195,173
EXPENDITURES
Public Services $1,269,536
Administration 65,000 10,891,019 $13,985,813
Non-Departmental $2,656,663
General Services $3,008,798
Human Resources $417,671
Fiscal Services $1,037,241
Police 1,877,686 6,114,820 $25,086,428
Fire 575,000 $9,139,441
Public Works 257,496 775,245 527,300 $23,758,595
Community Services 39,500 1,643,309 396,518 $12,693,674
Fleet Services 200,000 $2,364,624
Information Services 388,499 $2,554,381
Capital Improvements $1,200,000
Less Depreciation
Debt Service 3,944,435 361,900 $6,949,849
Total Expenditures 3,944,435 466,400 0 15,058,009 6,114,820 775,245 575,000 1,123,818 $103,386,142
ENDING BALANCE 384,473 1,529,152 310,460 1,500,000 6,114,820 3,786,510 0 1,500,000 $59,923,851
Designated/Reserved 384,473 823,800 15,058,009 6,114,820 3,786,510 0 1,500,000 $50,524,768
Undesignated 705,352 310,460 0 $23,002,750
Total Fund Balance 9/30/21 $384,473 $1,529,152 $310,460 $15,058,009 $6,114,820 $3,786,510 $0 $1,500,000 $73,491,860
Change in Fund Balance 2019- ($43,142) $49,623 $85,000 ($1,340,000) $0 ($765,245) ($575,000) ($1,123,818) ($3,536,751)
2020 to 2020-2021
The use of $59,923,851 in appropriable funds will decrease the beginning Fund Balances/Retained Earnings to $50,524,768 at the end of fiscal year 2020-2021, of which $23,002,750 are undesignated reserve
funds. The table on the following page indicates the reason for projected changes in all fund balances of a total of ($3,536,751).