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APPROVED BUDGET FISCAL YEAR 2022-2023
CITY OF HURST
FY 2022 - 2023 PROPOSED BUDGET
INFORMATION TECHNOLOGY FUND
REVENUES AND EXPENDITURE SUMMARY
The Information Technology Fund is an internal service fund that has been created to account
for the financing on a cost reimbursement basis of services provided by this fund to other funds
within the City and to accumulate resources for replacing fixed assets. In order to implement
the fund, a formula for user charges was developed that includes the personnel and operating
costs of Information Technology and the replacement cost of all computer related equipment.
Contributions from selected funds for operating capital to finance the fund were determined
based on the service level provided to each department and depreciation costs charged to
each department to ensure replacement of equipment at the end of its useful life. A Strategic
Information Resource Plan serves as a guideline for future purposes of the fund. The fund was
established in 1993 and represents a significant effort to employ strategic planning principles
to identify, specify and fund the future Citywide needs regarding computer technology.
LINE ITEM DESCRIPTION FY 2019 FY 2020 FY 2021 FY 2022 FY 2022 FY 2023
ACTUALS ACTUALS ACTUALS BUDGET ESTIMATE ADOPTED
REVENUES
INTEREST 55,591 64,511 13,172 15,000 21,854 30,000
OTHER REVENUE 6,006 5,505 2,930 - 2,800 2,500
USER CONTRIBUTIONS 1,984,669 1,984,669 1,964,669 2,069,590 2,069,590 2,225,302
TRANSFER IN 470,344 - - -
TOTAL REVENUES 2,516,610 2,054,685 1,980,771 2,084,590 2,094,244 2,257,802
OPERATING EXPENSES
PERSONNEL EXPENSES 598,975 599,954 559,490 595,592 594,545 612,468
MATERIAL AND SUPPLIES 129,981 116,157 139,678 31,000 137,000 192,880
MAINTENANCE 633,400 672,047 613,199 867,791 655,578 1,078,382
SUNDRY CHARGES 655,784 526,697 371,087 613,768 502,341 674,967
CAPTIAL OUTLAY 276,181 15,690 - 1,065,000 1,065,000 -
TOTAL OPERATING EXPENSES 2,294,321 1,930,545 1,683,454 3,173,151 2,954,464 2,558,697
LESS DEPRECIATION 267,869 255,816 109,289 193,951 193,951 247,256
TOTAL NET EXPENSES 2,026,452 1,674,729 1,574,165 2,979,200 2,760,513 2,311,441
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