Page 382 - FortWorthFY23AdoptedBudget

Revenue Policy

I. Authority

The Fort Worth City Council is responsible for legislation, policy formulation, and overall
direction setting of the government. This includes the approval of financial policies which
establish and direct the operations of the City of Fort Worth. The City Manager and Assistant
City Managers are responsible for carrying out the policy directives of the City Council and
managing the day-to-day operations of the executive departments, including the Department
of Finance. This policy shall be administered on behalf of the City Manager and Assistant
City Managers by the Chief Financial Officer / Director of Finance.

II. Purpose

This policy is intended to establish guidelines for the management of certain City of Fort
Worth revenues in order to design, maintain, and administer a revenue system that will assure
a reliable, equitable, diversified, and sufficient revenue stream to support desired City
services.

III. Applicability and Scope

This policy shall apply to all funds under the budgetary and fiscal control of the City Manager
and the Mayor and City Council.

IV. Glossary

See definitions related to this policy provided in the appendix.

V. Policy:

A. Balance and Diversification in Revenue Sources

The City shall strive to maintain a balanced and diversified revenue system to
protect the City from fluctuations in any one revenue source due to changes in
national or local economic conditions which adversely impact that source.

B. User Fees

For services that benefit specific users, the City shall establish and collect fees to
recover the costs of those services. The City Council shall determine the appropriate
cost recovery level and establish the fees. Where feasible and desirable, the City
shall seek to recover full direct and indirect costs. User fees shall be reviewed on a
regular basis to calculate their full cost recovery levels, to compare them to the current
fee structure, and to recommend adjustments where necessary.

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