Page 62 - Hurst Adopted FY22 Budget

APPROVED FISCAL YEAR 2022 BUDGET
overview financial policies

General and Administrative Charges

The General Fund is compensated by the Enterprise Fund, Fleet Service Fund, Anti-Crime Fund,
Half Cent Sales Tax Fund, Storm Water Management Fund, Hurst Conference Center Fund and
Commercial Vehicle Inspection Fund for the general and administrative services provided such as
management, finance and personnel, as well as the use of City streets by Enterprise
Operations. The following intragovernmental revenue transfers for FY 2022 are budgeted:

• Enterprise Fund will contribute $3,865,656
• Fleet Service Fund will contribute $233,615
• Community Services Half Cent Sales Tax Fund will contribute $378,170
• Anti-Crime Half Cent Sales Tax Fund will contribute $807,133
• Other Indirect costs will contribute $110,000

General Fund Reserves

The General Fund balance should be adequate to handle unexpected decreases in revenues plus
a reasonable level for extraordinary unbudgeted expenditures. The minimum fund
balance will be 90 days computed separately from designated components of the fund
balance. A surplus typically exists in the General Fund each year and is transferred to the
Special Projects Capital Fund after 90 days fund balance allowance is considered.

Capital Budget Policies

New capital programs will not be budgeted and implemented until the full annual operating and
maintenance costs and financial impacts of the program are known. The replacement of existing
capital that is worn out, broken or costly to maintain will not be deferred in order to protect the
City's capital investment. The funded portion of the multi-year capital improvement plan is
located in the Capital Improvements section of this document.

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