Page 341 - FortWorthFY23AdoptedBudget

SECTION 6. FIDUCIARY FUNDS

Fiduciary Funds are used to account for assets held in trust for third parties.

The Retiree Healthcare Trust is a fiduciary fund used to manage funds generated from the internal

service fees and health benefit expenses paid by the City through various funds and by participating
retired individuals for services and costs associated with retired employee health benefit and life
insurance coverage. With very limited exceptions, the City can make changes to its benefit offerings at

any time; these changes could include discontinuing benefit programs or changing the rates at which the
City contributes toward benefit costs. In general, employee benefits, except for previously accrued
pension benefits, are not guaranteed to continue, and City contributions to any benefit program are subject

to sufficient funds being available and allocated in the annual budget process, which includes
appropriations solely for benefits projected to be payable during the ensuing fiscal year in accordance
with the pay-as-you-go funding plan for other post-employment benefit liabilities adopted in Resolution

4464-06-2015 and for FY2023 shall have receipts and appropriations as follows:

REVENUES
Charge for Service $569,925
Use of Money and Property $1,000,000
Other - Payment for Allocated Services from Other Funds $30,547,350
$32,117,275

EXPENDITURES
Human Resources $28,605,356
Contribution to Fund Balance/Net Position $3,511 ,919
$32,117,275

The Rock Creek Trust is a fiduciary fund to manage Rock Creek PID assessment revenues and

other resources allocated to pay principal and interest on the Rock Creek PID bonds. In accordance with
Chapter 372 of the Texas Local Government Code and for FY2023 shall have receipts and appropriations as

follows:
REVENUES
Use of Fund Balance/Net Position $1,578,925
$1,578,925

EXPENDITURES
Financial Management Services (Debt Obligation) $1 ,578,925
$1,578,925

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Page 341 of 623
Ordinance No. 25773-09-2022