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collected through the monthly utility bill for Beautification, Library and Parks. We
anticipate revenues of $295,475 and expenditures of $243,495 with an operating surplus
of $51,980 that will be used for future authorized expenditures. Ongoing expenses include
books, data processing, and supplies for the Library; highway mowing, seasonal planting
and holiday decorations from beautification donations; and supplies for the annual Fire
Camp, and Easter Egg Hunt. Two summer library pages will continue to be funded with
library donations. Parks donations will fund a fireworks display. Beautification donations
will continue the public art program.

The General Government Escrow Fund was created in FY 2014-2015 to better track
funds that are received and are to be used for a specific purpose. These receipts will
remain in the General Government Escrow Fund until an appropriate expense is
approved by the City Council. Approved expenses include: advertising and
entertainment for the “Train and Grain” festival, police overtime expense for bailiff duty,
and insurance deductibles and repairs, a contract for Farmer’s Market administration, and
the replacement of 4 ticket writers.

The Water/Wastewater Escrow Fund was created in FY 2014-2015 to better track
impact fee funds that are received and are to be used for a specific purpose. These
receipts will remain in the escrow fund until an appropriate expense is approved by the
City Council. Funds are approved to be used for the Fort Worth meter station upgrade.

DEBT SERVICE FUND

Debt service requirements for outstanding certificates of obligation, tax notes, and general
obligation are $6,252,005. The adopted tax rate is sufficient to fund the required debt
service payments for the fiscal year.

CAPITAL PROJECTS FUND

The Capital Projects Fund consists of projects as recommended by our staff and
engineers and approved by the City Council. Funds are budgeted for voter approved
bond projects to replace the Library and Senior Citizens Center. Reconstruction of the
first phase of Knowles Drive is budgeted, also a voter approved bond project.

ENTERPRISE FUND

The total revenues projected for this fund are $11,791,930. Water rates will increase by
4% due to the 4.23% increase in the rate charged by the City of Fort Worth for the
purchase of water. This will go into effect on October 1, 2022. Wastewater rates will
increase by 11% due to the 10.94% increase charged by Fort Worth. Projected revenue
will be sufficient to cover all projected operating expenses. Budgeted expenses total
$13,193,040. The budgeted use of funds will be used for capital projects including the
Beltmill Pump Station and Phase 2 of the Fairmont Street 12” Sewer Rehab. Funding is
also provided for SCADA upgrades and a new Vac Truck.

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