Page 26 - Hurst Adopted FY22 Budget

ENTERPRISE FUND

The Enterprise Fund is used to account for the provision of water and wastewater services to the residents of the
City. All activities necessary to provide such services are accounted for in this fund, including, but not limited to,
administration, operations, maintenance, financing and related debt service, billing and collection. The opera-
tions of the Enterprise Fund are financed and operated in a manner similar to private business enterprises where
the expenses (including depreciation) of providing services are recovered primarily through user charges. An
overview of Water and Wastewater Systems is presented in this section. An activity schedule for each function
is also included in this section.

enterprise fund revenues

Budget Comparison of FY 2021 and FY 2022 Reveue
Type of Revenue 2021 BUDGET 2022 BUDGET VARIANCE
Water Sales $ 13,959,304 $ 14,321,707 2.60%

Sewer Charges 7,639,186 7,532,827 -1.39%
Other Cities Wastewater 669,703 740,000 10.50%
Penalties 378,000 366,500 -3.04%

Interest Earnings 13,000 50,000 285.00%
Other 55,000 59,500 8.18%
Total $ 22,714,193 $ 23,070,534 1.57%

ENTERPRISE FUND RESOURCES

Sewer, 36%

Penalties, 2%

Other Revenue,
0%

Water, 62%

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