Page 138 - ArlingtonFY24AdoptedBudget

General Fund Summary

GENERAL FUND REVENUES

General Fund revenue classifications range from Taxes (primarily Sales and Property), which comprise 74.8 percent of General
Fund revenues, to Miscellaneous Revenues, which comprise 1.3 percent.

Taxes

The largest single revenue source for the General Fund is Ad Valorem taxes, also known as property taxes. The adopted
property tax rate for FY 2024 is $0.5898 per $100 valuation. Of this tax rate, 69.2 percent, or $0.4080, will be used for General
Fund activities. The remaining 30.8 percent, or $0.1818, will be used for debt service. General Fund property tax revenue for
FY 2024 is estimated to be $144,776,982 from the total tax base of $40,742,537,188. The General Fund’s portion of the sales
tax rate is 1 percent. Sales tax revenue for FY 2024 is estimated at $93,107,718. Other taxes include the Criminal Justice Tax,
Bingo Tax, and State Liquor Tax, which comprise 1.0 percent of General Fund revenues.

Franchise Fees

Franchise Fees are those fees paid by utilities for the use of City streets, alleys, and property in providing their services to
citizens, and account for 12.1 percent of the General Fund revenues. The largest of these is the Electric Franchise Fee, at
$13.05 million. Other Franchise Fees include the Telephone, Water, Cable Television, and Gas utilities, and royalties from the
Landfill.

Service Charges

Service Charges account for 6.1 percent of General Fund revenues, at $19,510,258. These fees are charged by the City for
the use of City facilities or services. This includes selected code compliance fees, various reviews and inspections conducted
by City personnel, and transfers from other City funds to reimburse the General Fund for services rendered.

All Other Revenues

The other revenue sources for the General Fund include Fines and Forfeitures, Licenses and Permits, Leases and Rent, and
Miscellaneous. Fines and Forfeitures account for 1.7 percent of General Fund revenue, at $5,589,315. Municipal Court fines
account for all Fines and Forfeitures. Licenses and Permits account for 2.4 percent of General Fund revenue, and include
development-related permits such as building, mechanical, electrical, and plumbing permits, and certificates of occupancy. Also
included in this category are health and safety items such as fire and childcare permits. Total revenue for this category is
$7,719,568. Leases and Rents are estimated at $4,903,801, or 1.6 percent of total revenues in the fund. The City’s landfill
lease, at $2.52 million, is the largest revenue source in this category. The final revenue category is Miscellaneous at $4,315,717,
or 1.3 percent.

INTERFUND TRANSFERS

Interfund transfers for FY 2024 include three broad categories. The first of these is indirect costs, which are payments by non-
General Fund departments for services received from the General Fund. These services include payroll, human resources,
accounting, and building use. Indirect costs total $6,119,129 for FY 2024. Support for other funds includes amounts paid by
the General Fund to the Transportation Fund ($909,284), the Street Maintenance Fund ($7,445,336), the Information
Technology Fund for one-time projects ($1,957,295), the Fleet Services Fund ($1,075,000), and amounts set aside for selected
reserves ($5,132,632). The transfers also include the receipt of funds for one-time expenditures, expense reimbursements, or
savings from the prior year; these include $257,737 from the Economic Development Corporation, $1,173,850 from the Parks
Gas Fund, $744,000 from prior year ending balance, $88,699 from the Storm Water Fund, and $8,428,137 from the Water
Utilities Fund to reimburse the General Fund for infrastructure acquisition and to support small businesses. In the aggregate,
the net impact of interfund transfers in FY 2024 is $292,005 transferred into the General Fund.

FY 2024 Adopted Budget and Business Plan 129 City of Arlington, Texas