Page 55 - HurstFY23AnnualBudget

APPROVED BUDGET FISCAL YEAR 2022-2023

CITY OF HURST
ENTERPRISE FUND
MULTI YEAR FINANCIAL OVERVIEW
2023 – 2026

ESTIMATED ADOPTED PLANNING PLANNING PLANNING
ACTUAL ACTUAL BUDGET BUDGET BUDGET YEAR YEAR YEAR
2019-20 2020-21 2021-22 2021-22 2022-23 2023-24 2024-25 2025-26
REVENUES
Water Sales $ 13,656,263 $ 13,187,195 $ 14,321,707 $ 14,403,881 $ 14,856,597 $ 15,302,295 $ 15,761,364 $ 16,234,205
Sewer Charges 7,183,016 7,294,172 7,532,827 7,600,386 7,828,398 8,063,250 8,305,147 8,554,302
Other Cities Wastewater 676,989 650,207 740,000 778,048 740,000 762,200 785,066 808,618
Penalties 167,132 352,769 366,500 357,953 366,500 377,495 388,820 400,484
Interest Earnings 331,583 72,467 50,000 24,114 160,000 164,000 168,100 172,303
Other 61,352 65,148 59,500 59,397 65,000 66,625 68,291 69,998
TOTAL CURRENT REVENUES $22,076,335 $21,621,958 $23,070,534 $23,223,779 $24,016,495 $24,735,865 $25,476,788 $26,239,909

OPERATING EXPENSES
ADMINISTRATION
Non Departmental $291,137 $339,529 $378,760 $331,399 $415,822 $426,425 $437,299 $448,450
GENERAL SERVICES
Support Services $ 509,309 $ 520,493 $ 587,515 $ 500,677 $ 603,356 $ 618,742 $ 634,520 $ 650,700
Utility Billing 1,083,370 839,528 1,007,346 852,844 1,058,841 1,085,842 1,113,531 1,141,926
TOTAL $1,592,679 $1,360,021 $1,594,861 $1,353,521 $1,662,198 $1,704,584 $1,748,051 $1,792,626
FISCAL SERVICES
Support Services $630,626 $572,426 $708,721 $702,273 $826,242 $847,311 $868,918 $891,075
PUBLIC WORKS
Engineering $ 571,963 $ 510,610 $ 659,145 $ 509,962 $ 645,827 $ 662,296 $ 679,184 $ 696,503
Water 5,411,381 4,746,323 5,762,801 5,508,404 5,888,943 6,039,111 6,193,108 6,351,032
Wastewater 2,823,060 2,406,223 2,857,658 2,775,260 2,895,773 2,969,615 3,045,340 3,122,997
Fort Worth Water 4,181,374 4,260,721 4,772,686 4,690,875 4,800,990 4,993,030 5,192,751 5,400,461
Fort Worth Wastewater 2,453,507 2,081,205 2,454,387 1,961,964 2,600,000 2,704,000 2,812,160 2,924,646
TRA Wastewater 2,007,414 1,702,804 2,008,134 1,605,244 2,384,952 2,480,350 2,579,564 2,682,747
TOTAL $17,448,699 $15,707,886 $18,514,811 $17,051,709 $19,216,485 $19,848,401 $20,502,108 $21,178,386
COMMUNITY SERVICES
Facilities Maintenance $ 143,216 $ 125,616 $ 162,688 $ 151,371 $ 165,755 $ 169,982 $ 174,317 $ 178,762
Site Maintenance 97,562 120,588 160,630 157,730 162,230 166,367 170,609 174,960
TOTAL $240,778 $246,204 $323,318 $309,101 $327,985 $336,349 $344,926 $353,722
TOTAL OPERATING $20,203,919 $18,226,066 $21,520,471 $19,748,003 $22,448,732 $23,163,071 $23,901,301 $24,664,259
Debt Service $ 1,532,818 $ 1,415,731 $ 1,236,106 $ 1,236,106 $ 1,113,864 $ 953,947 $ 969,296 $ 753,134
Capital Projects* 298,167 2,515,900 1,200,000 1,748,000 1,200,000 1,200,000 1,200,000
Operating Transfer Out 444,566 - - - - - - -

TOTAL EXPENSES $22,479,469 $19,641,797 $25,272,477 $22,184,109 $25,310,596 $25,317,017 $26,070,597 $26,617,393
Less Depreciation $1,639,014 $676,652 $1,675,678 $1,625,135 $1,675,678 $1,718,408 $1,762,227 $1,807,164
NET EXPENSES $20,840,455 $18,965,145 $23,596,799 $20,558,974 $23,634,918 $23,598,609 $24,308,370 $24,810,229

*Please note that assumptions include expenditure growth consistent with the City’s ten-year average budget
increase and revenue increases for appropriated funds is consistent with historically modest increases in taxable
value of property and sales tax increase inline with inflation. All fees are increased based upon the City’s rate
smoothing policy of small incremental increases each year to avoid larger single year increases.

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