Page 85 - FortWorthFY23AdoptedBudget

Budget Highlights

Citywide Fund Balance Summary

Fund balance is defined as the difference between a fund's assets and its liabilities. Portions of the fund balance
may be reserved for various purposes, such as contingencies. The City makes a concerted effort to maintain the
fund balance and retained earnings of the various operating funds at the required level stipulated in the Financial
Management Policy Statement sufficient to protect the City's creditworthiness as well as its financial position from
emergencies. More information about the city’s reserve requirements is found in the Processes and Policies
section of this document. The city uses these policies to continually monitor the health and condition of each fund
by evaluating fund balance as well as weighing trends and projections for future growth or decline. The table
below illustrates the fund balance for the City’s key operating funds.

Governmental Funds
Forecasted Forecasted Forecasted Fund Projected Projected Projected Fund
Fund Balance as of Revenues for Expenditures for Balance at End of Revenues Expenditures Balance at End of
9/30/2021 FY2022 FY2022 FY2022 FY2023 FY2023 FY2023
GENERAL FUND
General Fund $203,605,013 $858,398,223 $(854,087,109) $207,916,127 $915,340,881 $(915,340,881) $207,916,127
SPECIAL REVENUE FUNDS
Alliance Maintenance
Facility 2,606,198 4,613,105 (4,814,637) 2,404,666 4,423,088 (7,428,853) (601,099)
Community Tree Planting 358,810 136,472 (483,412) 11,870 588,910 (593,072) 7,708
Crime Control &
Prevention District 48,132,066 105,194,276 (125,250,465) 28,075,877 108,819,254 (117,702,331) 19,192,800
Culture & Tourism 17,931,443 45,424,951 (37,358,534) 25,997,859 46,366,717 (44,897,196) 27,467,380
Culture &Tourism 2% Hotel 3,104,571 7,455,608 (5,751,813) 4,808,366 7,939,697 (7,088,367) 5,659,696
DFW Rev Sharing 4,823,043 6,787,045 (7,700,004) 3,910,084 7,297,215 (4,445,904) 6,761,395
Culture & Tourism
Project Financing Zone 728,082 7,173,176 (2,807,846) 5,093,412 8,229,763 (6,571,554) 6,751,621
Venue Operating 29,196 6,406,900 (3,544,626) 2,891,470 5,955,240 (5,255,547) 3,591,163
Economic Incentives 6,184,302 2,015,726 (1,234,286) 6,965,743 2,000,000 (2,000,000) 6,965,743
Environmental Protection 3,319,580 5,108,981 (4,593,911) 3,834,650 16,130,528 (18,465,040) 1,500,138
Municipal Golf 1,518,386 6,517,519 (6,513,379) 1,522,525 6,394,042 (6,394,042) 1,522,525

Proprietary Funds
Forecasted Forecasted Forecasted Net Projected Projected Projected Net
Net Position as Revenues Expenses Position at End of Revenues Expenses Position at End of
of 9/30/2021 FY2022 FY2022 FY2022 FY2023 FY2023 FY2023
ENTERPRISE FUNDS
Municipal Airport 6,879,087 14,315,162 (11,177,346) 10,016,903 14,647,344 (13,486,837) 11,177,410
Municipal Parking (14,544) 5,995,724 (3,972,139) 2,009,041 7,884,282 (8,132,939) 1,760,384
Solid Waste 28,755,647 76,707,284 (71,884,577) 33,578,353 76,481,248 (72,354,498) 37,705,103
Stormwater Utility 17,318,240 48,191,601 (49,755,746) 15,754,095 50,648,168 (52,879,452) 13,522,811
Water & Sewer 228,259,207 520,699,300 (515,717,303) 233,241,204 515,451,460 (515,451,460) 233,241,204
INTERNAL SERVICE FUNDS
Capital Projects Service 7,232,271 15,261,816 (15,183,439) 7,310,648 15,752,944 (17,400,737) 5,662,855
Fleet & Equipment Serv 3,940,723 31,371,664 (31,366,930) 3,945,457 32,231,585 (32,231,585) 3,945,457
Group Health Insurance 45,085,139 70,591,674 (75,815,493) 39,861,320 74,029,943 (79,317,740) 34,573,523
Information Technology
Systems - - - - 45,414,896 (45,414,896) -
Risk Financing 38,384,621 22,525,729 (32,758,836) 28,151,515 27,000,175 (27,510,695) 27,640,995
Note: Fund Balance includes budget-based activities and does not include items such as unrealized gain/loss that may be reported in the
Annual Financial Report, previously known as the Comprehensive Annual Financial Report, on a GAAP basis. Fund Balance for the prior year
was sourced from the financial management system of record on July 29, 2022. The use of/contribution to fund balance or net position is
not included in projected revenues or expenses. Forecasted revenues and expenses for FY2022 are presented at a point in time and do not
include all final fiscal transactions. These may include but are not limited to encumbered funds, pending financial adjustments, accruals,
and other accounting entries.

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