Page 18 - Hurst Adopted FY22 Budget

APPROVED FISCAL YEAR 2022 BUDGET

The City of Hurst is pleased to present the Fiscal Year 2022 Budget in Brief. This document pro-
vides an overview of the City’s Annual Budget. It includes a snapshot of where the City’s reve-
nues come from, how they are spent, highlights from the budget, strategic goals and other im-
portant information. The choices made in the City’s budget define how the City operates, how
we serve our citizens and businesses, and sets our priorities as established by the City Council.

The City’s annual budget is greatly influenced by the national, state, and local economy. For the
past two years, the City has been coping with the COVID-19 pandemic that has effected City
services and prompted adjustments in service levels. The City’s budget is approached from a
conservative standpoint during a regular year, but more so during the last two years. Because
of the conservative position taken by the City’s leadership, the City has weathered the pan-
demic and is ready to return to pre-pandemic level funding and staffing.

Guided by the City Council’s Strategic Prorities on the cover page, the City’s leadership and
Finance staff created the Fiscal Year 2022 budget to reflect the City’s priorities of restoring City
services and employment to pre-pandemic levels. Therfore, there is an increase in the spend-
ing for FY 2022 in both major funds, the General Fund and the Enterprise Fund. However, the

City’s Property Tax Rate remained the same as FY 2021 at $0.625159 while generating more
revenue for the City due to rising property tax rates. This was also prompted by a shift in Prop-
erty Taxes from debt to operational funding.

The City has implemented a two percent increase in water utility rates for FY 2022 to cover
the costs of the wholesale water that the City purchases from the City of Fort Worth. With a
continuted increase in the cost of wholesale water, this was necessary to maintain the budget
of the Enterprise Fund. This fund does operate as a business with the payments by citizens
supporting the expenses in the fund.

The City’s other two major funds, the Half-Cent Anti-Crime Fund, that supports the Police
Deapartment Operations, and the Community Services Half-Cent Fund, that supports Park and
Recreation operations, are both budgeted to maintain or increase their opearational budgets
respectively. The Community Services Half-Cent Fund cut its operational budget significantly
during the pandemic in order to maintain other services. These cuts have been restored to
pre-pandemic levels.

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