Page 200 - HurstFY23AnnualBudget

APPROVED BUDGET FISCAL YEAR 2022-2023

and TRA wholes wastewater costs, the City of Hurst has budgeted $4.46 million in wholesale
wastewater costs which represents a 12% increase.

ENTERPRISE FUND
FINANCIAL POLICY GUIDELINES

Numerous financial policy guidelines are followed for the fiscal management of the Enterprise
Fund and enable the fund to maintain financial stability. Some of the most significant guidelines
pertaining to the budget and revenue presentation are as follows:

1. Revenues shall be set for budget and rate purposes to meet or exceed planned
expenditures.

2. The projection of "water loss and unaccounted for" due to common water system
conditions such as meter under-readings, firefighting, water line breakages and utility line
flushing’s shall not be allowed to exceed 5% without just cause or uncontrollable events.

• No free water will be allowed, including water used for municipal purposes such
as median irrigation and park irrigation.

• Meters will be tested and replaced on a regular basis.

o Large commercial meters will be tested on an annual basis and replaced
when the accuracy exceeds plus or minus five percent.
o Residential meters will be tested on an exceptional basis or random basis

and will be replaced every one million gallons or every ten years,
whichever comes first.

• Records of estimated, unmetered water uses will be maintained by the utility
department and the fire department, especially for major water main breaks and
major fires.

• The City will monitor for accuracy all metering points of water pumped into the
system from either wells or third-party providers.

• The City will prepare an accounting of water quantities received and used on at
least an annual basis and prepare a report showing the effectiveness of the water
volume accounting program.

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