Page 11 - HurstFY23AnnualBudget

APPROVED BUDGET FISCAL YEAR 2022-2023

HOW TO USE THIS BUDGET DOCUMENT

The City of Hurst Budget Document provides comprehensive information about City policies, goals,
objectives, financial structure, operations and an organizational framework that shows how City services
to be provided in fiscal year 2023. A main objective of the Budget Document is to communicate this
information to readers (Hurst citizens, the public and other governmental entities) in a manner that is
clear, concise and understandable. At the front of the budget is a Table of Contents that will aid the reader
in finding specific information quickly and also provides a summary of the major topics. At the back of the
budget, the "Budget Glossary" will be helpful to a reader not familiar with governmental terms. After
reviewing the glossary, the reader should have a better understanding of the programs, services and
resources available to the City by reviewing the major sections of the budget in the order they are
presented. The Budget is divided into eight major sections: Introduction, Long Term Strategic Plans,
Budget Summary, General Fund, Enterprise Fund, Other Funds, Capital Improvements and Appendix.
Highlights of the sections are as follows:

INTRODUCTION: The City Manager's Budget Message should be read first. The Message provides an
overview of accomplishments for fiscal year 2022, and policy decisions made during the budget
preparation process that influenced the 2023 budget. The message summarizes the contents of the
budget with goals and objectives of the City clearly outlined. In addition, the Introduction section contains
a City Organizational Chart followed by information about the City in the "Hurst Profile." The reader can
read about the physical location of the City, the history of Hurst, services offered by the City and significant
demographic information.

LONG TERM STRATEGIC PLANS: This section details the long-term strategic plans developed by City
Council and City Management. The City Council is committed to setting priorities, values, and policies that
are in the best interest of the citizens of Hurst. To assist with this process, the City provides several
opportunities for citizens to express the wants and needs of their community. Each year, the city sends
out a survey for citizens to rate the performance of the City and provide feedback. Residents are also
invited to attend the Town Hall Forum which is held each year in February. Strategic planning is an
essential component of the annual budget and multi-year financial planning processes and the City of
Hurst continues to follow our existing strategic plan. We continue to maintain a fiscal contingency plan
which was used to guide our response to the pandemic.

BUDGET SUMMARY: This summary section for all funds discusses the budget preparation process that
begins at the first of every year and formally ends in September, with numerous steps in-between. An
explanation of the financial structure of the City is provided that shows how revenues and expenditures
are reported by fund, a self-balancing set of accounts designed to track specific revenues, and the uses of
those revenues. A summary of all funds draws the operating funds and capital funds together. The multi-
year financial projections estimate revenues and expenditures over a five-year period. Projections are
made for the General Fund and the Enterprise Fund, which comprise the majority of the City’s revenues
and expenditures. The reader will see that the majority of resources are expended on personnel costs,
which are necessary to provide quality services to Hurst citizens.

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