Page 317 - FortWorthFY22AdoptedBudget

Long Range Projections

Long Range Financial Outlook

Annually, in the spring, the city holds a council strategic retreat. This time is used to review and reflect on current
events, growth trends, issues affecting the City, service delivery, economic development and how we budget for
the current and future needs of the city. All of this planning and prioritizing falls in line with a Long Range Financial
Outlook which is also discussed during this time. This is a critical first step in the budgeting process. The Long
Range Financial Outlook is a 7 year projection for the General Fund and is a forward-looking forecast to consider
new data allowing us to adjust our operating and capital programming and build a solid, realistic budget. It
identifies any potential risks and trends that may be impactful to city budgeting. Below is a concise long range
plan for each of the city’s annually adopted funds.

Governmental Funds

Projected Fund Projected Projected Projected Fund Projected Projected Projected Fund
Balance at End Revenues Expenditures Balance at End Revenues Expenditures Balance at End
of FY2022 FY2023 FY2023 of FY2023 FY2024 FY2024 of FY2024
GENERAL FUND
General Fund $ 174,482,703 $ 859,558,006 $ (859,609,951) $ 174,430,757 $ 888,265,383 $ (888,274,588) $ 174,421,551
SPECIAL REVENUE FUNDS
Alliance Maintenance
Facility 1,922,860 4,636,059 (5,120,571) 1,438,349 4,648,551 (5,131,178) 955,721
Community Tree Planting 286,206 435,585 (563,190) 158,601 - (504,437) (345,835)
Crime Control &
Prevention District 38,572,532 99,437,661 (97,576,725) 40,433,467 104,152,940 (102,442,576) 42,143,832
Culture & Tourism 15,003,540 41,996,297 (41,802,947) 15,196,891 44,029,117 (44,099,036) 15,126,972
Culture &Tourism 2% Hotel 2,644,633 6,252,197 (6,252,197) 2,644,634 6,689,851 (6,689,851) 2,644,634
Culture & Tourism
Project Financing Zone 2,772,311 5,509,808 (6,109,808) 2,172,310 6,887,259 (7,487,259) 1,572,311
DFW Rev Sharing 2,623,043 6,600,000 (6,600,000) 2,623,043 6,600,000 (6,600,000) 2,623,043
Venue Operating 779,370 5,404,994 (5,404,994) 779,369 5,783,343 (5,783,343) 779,370
Environmental Protection 3,589,260 5,035,578 (4,515,064) 4,109,774 5,184,966 (4,631,151) 4,663,589
Economic Incentives 5,161,286 2,480,000 (1,984,000) 5,657,286 3,075,200 (2,460,160) 6,272,326
Municipal Golf 863,957 5,849,346 (5,820,978) 892,326 5,489,912 (5,489,912) 892,326

Proprietary Funds

Projected Fund Projected Projected Projected Net Projected Projected Projected Net
Balance at End Revenues Expenses Position at End Revenues Expenses Position at End
of FY2022 FY2023 FY2023 of FY2023 FY2024 FY2024 of FY2024
ENTERPRISE FUNDS
Municipal Airport $ 6,354,310 $ 15,293,377 $ (13,427,818) $ 8,219,869 $ 15,657,988 $ (13,944,597) $ 9,933,260
Municipal Parking 2,563,049 6,956,030 (7,335,009) 2,184,069 7,140,665 (7,507,027) 1,817,707
Solid Waste 24,542,293 74,393,732 (75,189,598) 23,746,427 76,231,307 (77,897,634) 22,080,100
Stormwater Utility 13,076,527 49,163,966 (49,163,966) 13,076,527 51,317,541 (51,317,541) 13,076,527
Water & Sewer 213,696,412 508,997,197 (508,997,197) 213,696,412 522,985,744 (522,985,744) 213,696,412
INTERNAL SERVICE FUNDS
Capital Projects Service 9,260,437 15,373,196 (15,373,196) 9,260,437 15,862,738 (15,862,738) 9,260,437
Fleet & Equipment Serv 2,881,578 29,419,309 (29,419,309) 2,881,577 30,362,185 (30,362,185) 2,881,578
Group Health Insurance 38,565,000 75,115,824 (76,562,633) 37,118,192 78,706,737 (81,749,819) 34,075,110
Risk Financing 35,457,733 24,065,251 (24,065,251) 35,457,732 26,279,949 (26,279,949) 35,457,732

Page 317 of 581