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ADOPTED | BUDGET

General Fund FY 2022/2023 Adopted Budget

Revenues / Resources

The FY 2022/2023 revenues in the General Fund are $57,947,278 and reflects an 8.2% or
$4,383,230 increase from the FY 2021/2022 Adopted Budget. Below are the revenue highlights.

 $3,622,733 increase in Property tax based on anticipated overall growth in values including
new construction value as well as the closure of TIF 1/1A and TIF 2 in FY2021/2022.
 $1,106,786 increase in Sales tax due to forecasting the higher collection trend will continue
into the coming year.
 ($172,338) decrease in Franchise Fees driven by a decline in electrical and gas franchise
fees which are directly impacted by energy demands in the prior year.
 $267,493 increase in Licenses & Permits due to anticipated development activity levels for
FY 2022/2023 based on known upcoming development projects.
 ($706,207) decrease in Appropriation of Fund Balance due to not needing as high of an
appropriation to offset expenses as in prior year adopted.
 $307,258 increase in Miscellaneous Revenues due various changes including:
o $39,028 increase in Grant Proceeds primarily from the Texas Anti-Gang (TAG) grant
o $68,779 increase in Lease Income anticipated for FY 2022/2023 driven by rent
payments the city anticipates receiving
o $211,845 increase to Designated Funds for City Hall Project debt estimated for the
upcoming year

Expenditures

The FY 2022/2023 expenditures in the General Fund are $57,947,278 and reflect an 8.2% or
$4,383,230 increase from the FY 2021/2021 Adopted Budget. Below are the expenditure
highlights.

 $2,000,000 increase in Non-departmental cost due to the first-year payment for TexRail
train service.

 ($726,728) decrease to Operational Transfers due to the following:
o $42,235 increase to the Transfer to Information Technology Fund for various
projects being done; Brazos Software Maintenance, Incode Maintenance, License
Plate Reader Maintenance, Brazos Records Maintenance, the Council Chamber /
Workroom computer replacement, and the costs for the Shared Service Agreement
for the Public Safety IT Analyst.
o ($768,963) decrease in transfer in the debt service transfer due to existing debt
being self-supported for FY2022/23.

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