Page 49 - Forest Hill FY22 Annual Budget

remitted to the City monthly by each hotel/ motel property in the City. Periodic audits may be
conducted by the Director of Finance.

Other Governmental Fund Revenue Sources

The City has other types of revenue. Two categories are 1) Licenses, permits and fees estimated to collect
$316, I 00 and 2) Fines and forfeitures estimated to collect $366,000. Licenses and pem1its include items
such as construction permits, impact fees, fence permit s, pet licenses, and garage sale permits. Fines and
forfeitures include items related to the Municipal Court and Police Department such as traffic
enforcement ticket collections, code enforcement collections, and warrant collections.

I Water and Sewer Service Revenues

The City's Water and Sewer Fund is a proprietary fund that is set up to run much like that of a private
business I for profit entity, by recovering operating, debt and capital costs from user charges and
maintaining a reserve for emergencies. The major revenue sources are water, sewer, drainage, and
sanitation (trash) service charges. Bills are sent to residents monthly and fees collected. Consumption
trends are monitored for providing services and projecting revenues. The City purchases water and sewer
services from the City of Fort Worth. A franchise contract is in effect for sanitation. The City provides
drainage services.

Community Development Corporation Fund

The Community Development Corporation Fund is a special revenue fund type and its uses of sales tax
revenues are restricted by State Law for community and economic development. The programs of the fund
are administered by the Community Development Corporation Board appointed by the City Council.

The Community Development Corporation Fund also includes inter-fund transfer to the Debt Service
Fund to provide 100% of the annual debt service payment requirements for the Series 2014 general
obligation refunding bonds.

I Street Improvements Sales Tax Fund

The Street Improvement Fund accounts for the use of sales tax that is restricted for the use of street repairs
and maintenance in the City. The fund also provides resources for the Streets-CIP Program via budgeted
inter-fund transfer to the capital projects fund.

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