Page 80 - FY 2023-24 ADOPTED BUDGET

SALES AND OTHER TAXES REVENUE

Projected sales tax collections for 2023-24 in the amount of $4,000,000 is the same as the 2022-23 re-estimate

of $4,000,000 due to the possibility of a recession and COVID-19 pandemic. Revenue from mixed beverage
taxes is projected to be $10,000 in 2023-24.

REVENUE FROM LICENSES AND PERMITS

Revenue from licenses is projected to decrease to $12,300 in 2023-24. Revenue from permits and filing fees in
the amount of $300,000 is projected to be the same as the 2022-23 re-estimate. Revenue from the lodging
license fee is expected to be $400. Planning and Zoning fees are expected to be $7,500 for 2023-24. The total
projected for 2023-24 for licenses, permits, and filing fees is $370,400.

FINES AND FORFEITURES

Revenue from municipal court fines and forfeitures is projected to increase by $103,000 from the 2022-23 re-
estimate level of $442,000 to $545,000.

REVENUE FROM MONEY AND PROPERTY

Revenue from money and property is projected to decrease by $130,000 from the 2022-23 re-estimate level of
$499,500 to $369,500. Revenue in this category includes interest on investments, building rentals, natural gas
well permits, and miscellaneous sources.

REVENUE FROM OTHER AGENCIES

Revenue from Other Agencies includes revenue from the fire service contract with Tarrant County, the contract
with the FWISD for police officers, and from miscellaneous grants. The 2022-23 re-estimate is $500,000; the
2022-24 projection is $505,000.

CHARGES FOR CURRENT SERVICES REVENUE

Revenue from Charges for Current Services for 2023-24 is projected to decrease by $321,447 over the 2022-23
re-estimate. The 2022-23 re-estimate is $1,219,447 and the projection for 2023-24 is $898,000. The decrease
is due to land being sold in 2022-23 and not projected in 2023-24. Revenue from ambulance services is projected
to remain the same at $700,000. Street cut charges are also expected to remain at $100,000. Other revenue
including animal control fees, street, park lease and usage, and sale of goods is projected at or near the 2022-
23 re-estimate level.

OTHER REVENUE

Other revenue is estimated to be $40,000, the same as 2022-23. The projection is based on historical collections.

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