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APPROVED BUDGET FISCAL YEAR 2022-2023

OTHER FUNDS

INTERNAL SERVICE FUNDS

The Internal Service funds are the Fleet Service Fund, the Information Technology Fund, and the
Loss Reserve Fund. The Fleet Service Fund and Information Technology Fund were established to
charge user departments for vehicle and computer maintenance and replacement costs,
respectively. The self-funded Loss Reserve Fund records all activity for the employee health care
benefit program.

DEBT SERVICE FUND

The Debt Service Fund's purpose is to provide for principal and interest payments for the City's
General long-term debt obligations. There is a comprehensive analysis of policies and projections
concerning the City's tax-supported debt in this section.

SPECIAL REVENUE OR RESTRICTED FUNDS

The sixteen restricted funds are the, the Special Projects Fund, the Hotel-Motel Tax Fund, the
Park Donation Fund, the Fire Grant Fund, the Police Grant Fund, the Municipal Court Building
Security Fund, the Municipal Court Technology Fund, the Juvenile Case Manager Fund, the
Commercial Vehicle Safety Fund, the Traffic Signal Safety Fund, the Cable and Video Provider PEG
Fee Fund, the Storm Drainage Management Fund, Loss Reserve Fund, CARES Act Fund, the
Community Services Half Cent Sales Tax Fund, and the Anti-Crime Half Cent Sales Tax Fund. They
were established to account for the proceeds of specific revenue sources that are restricted to
expenditures for specific purposes. Descriptions and financial information are located in this
section.

OTHER PROPRIETARY OR ENTERPRISE FUNDS

The provision of water and wastewater services has historically been the City’s only proprietary
or enterprise operation. As such, the City’s budget continues to label water and wastewater
operations as the “Enterprise Fund.” The City opened a state-of-the-art conference center as its
second proprietary or enterprise operation. Staff will continue to classify water and wastewater
operations as the City’s Enterprise Fund, but will also account for the Hurst Conference Center
Fund as an enterprise fund. A detailed description and financial information are located in this
section.

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