Page 81 - Hurst Adopted FY22 Budget

GENERAL FUND

The General Fund is the primary operating fund of the City. The General Fund is used to account for all
revenues and expenditures not accounted for in other designated funds. It receives a greater variety
and amount of revenues and finances a wider range of governmental activities than any other fund. The
General Fund is primarily supported by the ad valorem tax, general sales tax, franchise taxes, licenses
and permits fees, fines and miscellaneous revenue sources. General Fund expenditures support the
following major functions: legislative and judicial services, administration, general services, human re-
sources, fiscal services, police, fire, public works and community services.

All programs which are justified, efficient and serve the needs of the community are adequately fund-
ed. Service levels have increased substantially through indirect participation in the General Fund by the
Half-Cent Sales Tax Fund and the Anti-Crime Tax Fund. The major consideration in budgeting revenues is
the increase or decrease in property values, which comprise the ad valorem tax base. The no-new-rev-
enue tax rate represents the rate necessary to generate the same property tax revenue as in the prior
year. Please visit the Texas Comptroller’s website at www.comptroller.texas.gov for more information
on the no new revenue tax rate and other topics associated with the city’s collection of property taxes.
Additional tax rate analysis is located in this section of the budget.

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