Page 87 - N. Richland Hills General Budget

CHANGES IN FUND BALANCE SUMMARY

The City of North Richland Hills has a policy of maintaining within the General Fund a minimum unassigned fund
balance to operate the City for a period of 60 days or 15% of the following year’s appropriated budget
expenditures. The policy was established to protect the City from unexpected emergencies and provide
resources during times when the economy underperforms.

The Working Capital Balance Summary shown on the previous page illustrates an audited beginning fund
balance as of September 30, 2019 for all appropriated funds. The summary also shows estimated changes
(increases or decreases) occurring during FY 2019/20 and estimated for FY 2020/21 with a budget ending
balance shown for the upcoming year for each fund.

Following is a summary of changes occurring from FY 2019/20 to FY 2020/21.

General Fund (Unreserved/Undesignated)
FY 2019/20 FY 2020/21
There is an appropriation of fund balance of $173,005 $11,409 is anticipated to be added to the funds
for prior year encumbrances. $1,912,678 was reserves.
appropriated from reserves for an interfund loan to
NRH20 that will be repaid to the fund over the next 10
years. Due to the COVID-19 pandemic the operational
season for NRH20 was significantly reduced which
caused a significant operational loss for FY 2019/20.

General Fund Designated for Municipal Court Technology & Security
FY 2019/20 FY 2020/21
A draw down of $64,376 is planned for municipal court A draw down of $57,063 is planned for municipal
software maintenance expenses for Incode and court software maintenance expenses for Incode
Brazos and related equipment expenses. and Brazos.

General Fund Designated for Franchise Peg Fees
FY 2019/20 FY 2020/21
An additional $41,345 is projected to be added to the An additional $136,643 is projected to be added to
funds reserves after netting out anticipated expenses the funds reserves to match 100% of the expected
for the replacement of the City Council work session receipts in FY 20/21.
room microphone and AV systems.

General Debt Service Fund
FY 2019/20 FY 2020/21
An additional $53,982 is anticipated to be added to the No change.
funds reserves based on actual debt payments for FY
2019/20.

85