Page 42 - City of Westworth Village FY22 Budget
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ENTERPRISE FUNDS
An enterprise fund can be created when a public service generates enough revenues to pay for its current
and ongoing cost. The public service becomes a “profit center”; the users fees are calculated to pay for
the cost of the current service as well as plan for future maintenance and upgrades. Enterprise funds help
maintain a lower ad valorem tax rate. Some general examples of enterprise funds include public utility
services, parking garages, golf courses, stadiums, arenas, convention centers, as well as certain programs
held at museums, libraries, and recreational facilities. It is important to note that an enterprise fund can
be partially funded by other tax revenue sources or be fully self-sufficient. Westworth Village has two
enterprise funds, Utilities and Hawks Creek golf course, both are budgeted to be self-sufficient. However,
should unexpected expenses arise economic development reserve funds may be used.
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