Page 76 - FortWorthFY23AdoptedBudget

Budget Highlights

Fines, Forfeitures, and Special Assessments
Fines, Forfeitures and Special Assessments are mainly made up of traffic fines, general fines, and parking fines.
Revenues in this category are projected to increase by $2.1M, or 40.0%, from the FY2022 budget. These increases
are due to traffic fines increasing $1.4M, or 45.2%, and parking fines increasing $570K, or 39.9%.

Use of Money and Property

Revenue from Use of Money and Property consists primarily of interest on investments, commercial exhibit
building rentals, and lease revenue. Revenues in this category are projected to decrease by $528K, or 15.27%,
from the FY2022 budget, partially due to a decrease in lease revenue at the future city hall.

Other Revenue

Other Revenues are mainly made up of reimbursement of labor costs and miscellaneous revenues. Revenues in
this category are projected to increase by $1.0M, or 45.43%, from the FY2022 budget. The increase is primarily
due to the creation of new revenue accounts in development services, mostly in various development areas.

Operating Transfers
Transfer payments consist of revenues that are transferred from funds such as Solid Waste, Water and Sewer,
Stormwater, and Crime Control and Prevention District to the General Fund. Revenues in this category are
projected to increase by $7.0M, or 16.9%, from the FY2022 budget. This change was primarily due to increases in
transfers from Water/Sewer of $2.4M, or 16.7%, and from Stormwater Utility of $3.9M, or 108.5%. These transfers
cover various street rentals, and reimbursements for General Fund employees who provide services for these
Enterprise Funds.

Special Revenue Funds

The following is not all-inclusive of the City’s Special Revenue Funds.

Crime Control and Prevention District Fund
CCPD receives a one-half cent special use tax (Sales Tax) which is used to fund the public safety initiative of the
fund, with a primary focus for FY2022 on community based programs. CCPD’s Sales Tax Revenue is projected to
equal $102.1M, an increase of $14.1M, or 16.0%, from the FY2022 budget.

Culture and Tourism Funds
The main source of revenue for the culture and tourism funds comes from the 9 percent Hotel Occupancy Tax
(HOT tax). Seven percent is used for operations including the Fort Worth Convention Center, the Fort Worth
Convention and Visitors Bureau and the Will Rogers Memorial Center, while an additional 2 percent levied since
1997 is used to support debt service on bonds used to expand and improve the convention center. While the HOT
tax does not contribute to the top 75% of total revenues of the City, it is important to notate; as this tax helps
provide amenities and services that stimulate the local economy and welcome over 3 million visitors to our city
each year. Visit https://www.fortworthtexas.gov/departments/public-events for more information on events in
Fort Worth.

Municipal Golf Fund
Municipal Golf revenues are charges for services driven by the use of the City’s golf courses. The use of the courses
has increased, resulting in an $821K increase in revenue for FY2023.

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