Page 267 - FortWorthFY23AdoptedBudget

Enterprise Funds

Enterprise Fund Statement

FUND SUMMARY

FY2021 FY2022 FY2022 FY2023 Change from Adopted
Final Adopted Adjusted Adopted Amount %
License & Permits 1,291,969 1,430,931 1,430,931 1,524,507 93,576 6.54%
Charge for Service 591,706,240 584,595,245 629,195,245 605,732,373 21,137,128 3.62%
Use of Money & Property 14,536,228 14,322,777 14,322,777 15,535,230 1,212,453 8.47%
Other 18,829,560 12,445,988 14,945,988 15,411,531 2,965,543 23.83%
Transfer In 22,276,462 20,218,279 23,003,331 26,908,861 6,690,582 33.09%
Total Revenues 648,640,460 633,013,220 682,898,272 665,112,502 32,099,282 5.07%

Use of Fund Balance - 2,928,095 2,928,095 2,479,941 (448,154) -15.31%

Salaries & Benefits 104,577,294 107,835,303 107,535,303 111,464,737 3,629,434 3.37%
Gen Operating & Maintenance 258,058,009 269,544,263 303,364,263 290,975,634 21,431,371 7.95%
Debt Service Accts 2,291,054 1,773,714 2,723,714 903,806 (869,908) -49.04%
Transfer Out 250,703,150 252,172,735 267,587,787 258,961,009 6,788,274 2.69%
Total Expenses 615,629,507 631,326,015 681,211,067 662,305,186 30,979,171 4.91%

Contribution to Fund Balance - 4,615,300 4,615,300 5,287,257 671,957 14.56%

Revenues Over(Under) Expenses $ 33,010,952 $ - $ - $ - $ - 0%

FUND PURPOSE AND GOALS

Enterprise funds provide direct deliverables to customers who receive goods or services in exchange for payment.
The City charges rates for these services and deposits the revenue into separate operating funds. This revenue
pays for the delivery of each service or product. Each operation is intended to be a self-supporting business,
therefore employing the enterprise financial model. The City currently operates five funds on this basis: Water
and Sewer, Municipal Airports, Municipal Parking, Stormwater Utility, and Solid Waste.

The Municipal Airports Fund supports the operations of Alliance, Meacham, and Spinks Airports through the
collection of revenue primarily generated by land and terminal building leases, as well as landing fees, hangar
rental, and fuel flowage.

The Municipal Parking Fund is managed by the Transportation and Public Works Department and maintains six
parking garages, twenty surface lots, and more than 3,000 metered spaces. Revenues are generated from fees
charged to users of those surface lots, garages, and street metered parking spaces, the lease of office and retail
space, and fines collected from parking ordinance violations. Operations are financed from these revenues and
debt is issued for large capital projects.

The Solid Waste Fund is responsible for the collection of refuse and recycling throughout the city. Operations are
financed by monthly residential refuse collection rates, service charges for special bulk/brush collection,
residential recycling rates, and other miscellaneous fees. These comprehensive solid waste service charges are
collected from residents through a monthly fee added to their water bill.

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