Page 246 - FortWorthFY22AdoptedBudget
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Enterprise Funds
FY2022 DISCUSSION
The FY2022 Adopted budget compared to the FY21 adopted budget reflects a 4% growth of annual revenue due
to a conservative revenue projection for FY2021 anticipating COVID-19 impacts. The FY2022 Adopted revenue
budget compared to the most recent FY2021 revenue forecast is a 2% increase which is attributed to typical city
growth. A new fee for Drainage Study Reviews is included in the Adopted revenue budget projected at $360,000
annually. The FY2022 Adopted budget also includes an increase in capital improvements using $2.8M of surplus
reserves and is further supported by the growth in revenue and savings in operational expenditures.
The revenue increase will help keep up with inflationary factors but does not provide for increases in operational
service levels.
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