Page 81 - HurstFY23AnnualBudget

APPROVED BUDGET FISCAL YEAR 2022-2023

LICENSES AND PERMITS

License and permit revenues include fees charged by the City for business licenses and permits
for general construction. Fees are charged for City inspection of electrical, plumbing, and
mechanical installations. This category accounts for approximately 2% of General Fund revenues.
The Building Inspections/Neighborhood Services division continues to focus on code
enforcement and inspections of redevelopment projects within the City. Overall Licenses and
Permits is projected to increase 7.86% in fiscal year 2022-2023. This increase is primarily driven
by a projected increase in animal shelter fees associated with our partnership with Humane
Society of North Texas.

CHARGES FOR SERVICES

Service Charges include the fees charged by the City for the public use of services and facilities.
Charges to developers for rezoning and plat review activities are included in this category as are
revenues from the sale of maps and codes. Fee structured programs in community services are
also included in this category. These fees account for approximately 5% of General Fund
revenues and are expected to increase by just under 5% of fiscal year 2022-2023. This increase
in based upon slight fee increase moved forward in recent years and an increase in participation
trends seen since coming out of the pandemic.

FINES

Fines are revenues received by the city mainly from Municipal Court for Class "C" misdemeanor
violations occurring within the corporate City limits. They also represent library fines that are
collected during the year. Fines account for less than 2% of total General Fund revenues. Court
fine collections are projected to decrease by -7.5% in fiscal year 2022-2023 and follows a
continuing trend in year over year decreases in revenue. Many factors are contributing to the
decreases in revenue including a movement towards considering ability to pay when levying
court fines.

MISCELLANEOUS REVENUES

Miscellaneous revenues account for 1% of revenues and consist primarily of interest earnings
from the investment of city funds. All funds of the city are constantly 100% invested in certificates
of deposit, obligations of the U.S. Treasury, discount notes, interest bearing money market
accounts, savings accounts, or in investment pools. Maturing investments continue to be
reinvested in lower yielding instruments. Staff will continue to monitor economic conditions on
an ongoing basis throughout the year.

81