Page 241 - FortWorthFY23AdoptedBudget

Public Improvement District Fund

PID #7 – Heritage

FUND SUMMARY

Change from
FY2021 FY2022 FY2022 FY2023
FY2022 Adopted
Final Adopted Adjusted Adopted Amount %
Other Tax 1,825,828 - 1,771,828 1,860,543 1,860,543 0.00%
Use of Money & Property 16,729 - - - - 0.00%
Other 18,610 1,771,828 - - (1,771,828) -100.00%
Transfer In 191,096 191,096 191,096 207,812 16,716 8.75%
Use of Fund Balance - 443,334 478,334 267,033 (176,301) -39.77%

Revenue $ 2,052,263 $ 2,406,258 $ 2,441,258 $ 2,335,388 $ (70,870) -2.95%

Gen Operating & Maintenance 2,321,927 2,367,000 2,402,000 2,294,021 (72,979) -3.08%
Transfer Out & Other 39,862 39,258 39,258 41,367 2,109 5.37%
Expenses $ 2,361,789 $ 2,406,258 $ 2,441,258 $ 2,335,388 $ (70,870) -2.95%

FUND PURPOSE AND GOALS

Public Improvement District (PID) #7 – Heritage was established by petition of the property owners in perpetuity
on September 26, 2000. It encompasses 927 acres of primarily residential neighborhoods located in far northeast
Fort Worth, east of I35W and north of Loop 820. The Heritage PID has two assessment rates, one for residential,
and another for commercial properties within the PID.

The funds are utilized for landscaping, maintenance of grounds, utilities, administration, and capital
improvements including a new irrigation system, low maintenance landscaping, benches, picnic tables, and
lighting.

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