Page 83 - FortWorthFY22AdoptedBudget

Budget Highlights

Citywide Fund Balance Summary

Fund balance is defined as the difference between a fund's assets and its liabilities. Portions of the fund balance
may be reserved for various purposes, such as contingencies. The City makes a concerted effort to maintain the
fund balance and retained earnings of the various operating funds at the required level stipulated in the Financial
Management Policy Statement sufficient to protect the City's creditworthiness as well as its financial position from
emergencies. More information about the city’s reserve requirements is found in the Processes and Policies
section of this document and an in-depth look is found in the Supplemental Information section. The city uses
these policies to continually monitor the health and condition of each fund by evaluating fund balance as well as
weighing trends and projections for future growth or decline. The table below illustrates the fund balance for the
City’s key operating funds.
Governmental Funds
Forecasted Forecasted Forecasted Fund Projected Projected Projected Fund
Fund Balance as Revenues for Expenditures for Balance at End of Revenues Expenditures Balance at End of
of 9/30/2020 FY2021 FY2021 FY2021 FY2022 FY2022 FY2022
GENERAL FUND
General Fund $156,747,362 $781,108,324 $(763,372,983) $174,482,703 $831,934,777 $(831,934,777) $174,482,703
SPECIAL REVENUE FUNDS
Alliance Maintenance
Facility 3,776,818 4,196,088 (5,563,660) 2,409,246 4,623,630 (5,110,016) 1,922,860
Community Tree Planting 766,055 457,018 (441,585) 781,488 - (495,282) 286,206
Crime Control &
Prevention District 27,905,625 88,580,937 (78,148,993) 38,337,569 94,935,970 (94,701,007) 38,572,532
Culture & Tourism 14,703,484 29,389,111 (29,464,761) 14,627,834 40,078,325 (39,702,619) 15,003,540
Culture &Tourism 2% Hotel 1,300,911 4,714,121 (3,461,761) 2,553,271 5,843,175 (5,751,813) 2,644,633
DFW Rev Sharing 2,578,667 4,907,201 (2,662,825) 4,823,043 5,500,000 (7,700,000) 2,623,043
Culture & Tourism
Project Financing Zone 1,997,065 1,198,053 (2,022,807) 1,172,311 4,407,846 (2,807,846) 2,772,311
Venue Operating 3,832,756 2,807,509 (6,640,264) 1 4,323,995 (3,544,626) 779,370
Economic Incentives 5,134,916 26,371 - 5,161,286 2,000,000 (2,000,000) 5,161,286
Environmental Protection 2,491,754 4,889,150 (3,964,601) 3,416,303 4,890,542 (4,717,585) 3,589,260
Municipal Golf 870,849 5,164,795 (5,236,686) 798,957 5,647,344 (5,582,344) 863,957
Proprietary Funds
Forecasted Forecasted Forecasted Net Projected Projected Net
Net Position as Revenues Expenses Position at End of Revenues Projected Expenses Position at End of
of 9/30/2020 FY2021 FY2021 FY2021 FY2022 FY2022 FY2022
ENTERPRISE FUNDS
Municipal Airport 4,342,937 13,234,113 (13,234,741) 4,342,310 14,946,128 (12,934,128) 6,354,310
Municipal Parking 1,547,562 4,629,964 (6,217,778) (40,251) 6,776,772 (4,173,472) 2,563,049
Solid Waste 26,022,805 70,256,879 (71,737,391) 24,542,293 72,605,338 (72,605,338) 24,542,293
Stormwater Utility 14,045,805 46,487,791 (44,528,975) 16,004,622 47,102,941 (50,031,036) 13,076,527
Water & Sewer 202,227,575 490,363,533 (478,894,696) 213,696,412 491,582,041 (491,582,041) 213,696,412
INTERNAL SERVICE FUNDS
Capital Projects Service 9,057,210 14,877,536 (14,635,796) 9,298,950 15,054,248 (15,092,761) 9,260,437
Fleet & Equipment Serv 2,773,077 26,700,660 (26,592,159) 2,881,578 28,612,004 (28,612,004) 2,881,578
Group Health Insurance 39,910,261 67,071,938 (68,398,467) 38,583,732 71,693,775 (71,712,507) 38,565,000
Risk Financing 38,010,261 20,349,193 (22,871,369) 35,488,085 22,747,379 (22,777,731) 35,457,733
Note: Fund Balance includes budget-based activities and does not include items such as unrealized gain/loss that may be reported in the
Annual Financial Report, previously known as the Comprehensive Annual Financial Report, on a GAAP basis. Fund Balance for the prior
year was sourced from the financial management system of record on September 30, 2021. The use of/contribution to fund balance or
net position is not included in projected revenues or expenses. Forecasted revenues and expenses for FY2021 are presented at a point in
time and do not include all final fiscal transactions. These may include but are not limited to encumbered funds, pending financial
adjustments, accruals, and other accounting entries.

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