Page 52 - Hurst Adopted FY22 Budget
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APPROVED FISCAL YEAR 2022 BUDGET
Enterprise Fund
The Enterprise Fund is used to account for the provision of water and wastewater services to the
residents of the City and for the operations of the Hurst Conference Center. All activities
necessary to provide such services are accounted for in this fund.
This includes the following:
• Administration • Financing
• Operations • Debt Service
• Maintenance • Billing and Collection
The operations 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.
Other Funds
The Internal Service funds are the Fleet Service Fund, the Information Technology Fund and the
Loss Reserve Fund. The Fleet Service Fund and Information Technology Fund were established to
charge user departments for vehicle and computer maintenance and replacement costs,
respectively. The self-funded Loss Reserve Fund records all activity for the employee health care
benefit program.
The Debt Service Fund's purpose is to provide for principal and interest payments for the City's
General long-term debt obligations.
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