Page 77 - Hurst Adopted FY22 Budget

APPROVED FISCAL YEAR 2022 BUDGET
Consolidated Budget Fund Summaries

Revenues, Expenditures and Changes in Fund Balance

ENTERPRISE FUNDS INTERNAL SERVICE FUNDS

STORM WATER CONFERENCE LOSS TOTAL CITY
UTILITY FUNDS FUND CENTER IT FUND FLEET SERVICE RESERVE WIDE BUDGET

BEGINNING FUND BALANCE 39,706,040 1,111,766 1,100,000 4,818,540 5,642,338 4,020,069 99,279,856
REVENUES
Ad Valorem Taxes 20,908,566
Sales and Use Taxes 19,303,519
Franchise and Other Taxes 2,571,500
Fines and Forfeitures 366,500 1,259,080
Impact Fees -
Licenses, Permits & Fees 1,098,980 1,995,080

Charges for Service 22,594,534 2,539,372 26,945,106
Intergovernmental 580,899
Intragovernmental 2,069,590 1,763,118 6,321,957 15,549,269
Interest Earnings 50,000 9,900 15,000 15,000 244,900
Debt Proceeds -
Miscellaneous 59,500 200,000 75,000 1,028,555

TOTAL REVENUES 23,070,534 1,108,880 2,539,372 2,284,590 1,853,118 6,321,957 90,386,474
TOTAL FUNDS AVAILABLE 62,776,574 2,220,646 3,639,372 7,103,130 7,495,456 10,342,026 189,666,330

EXPENDITURES
General Government 2,682,342 2,545,791 3,173,351 1,614,343 6,562,179 29,157,215
Public Safety 25,976,483
Community Services 1,580,271
Public Works 342,978 3,424,724
Culture and Recreation 323,318 12,453,194
Utilities 19,714,811 925,392 20,640,203
Debt Service 1,236,106 6,802,004
TOTAL EXPENDITURES 23,956,577 1,268,370 2,545,791 3,173,351 1,614,343 6,562,179 100,034,095
NET INCOME/(LOSS) (886,043) (159,490) (6,419) (888,761) 238,775 (240,222) (9,647,621)

ENDING FUND BALANCE 38,819,997 952,276 1,093,581 3,929,779 5,881,113 3,779,847 89,632,236
Change in Fund Balance Explination

1. Storm Water Fund - This fund relies on a storm water fee that has not changed for several years.
The City will be looking to change this going forward.
2. IT Fund - The IT Fund relies on charges from all departments to fund its expenditures. However,
there is a large capital project that is coming out of this fund and this accounts for the 10 per-
cent overage.

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