Page 37 - Euless ORD 2360 Adopted FY 23-24 Budget

Proposed FY23 Budget to
Special Revenue Actual Budget Estimated Budget FY24 Proposed
Funds FY 22 FY 23 FY 23 FY 24 Diff % Diff.
Midtown PID:
Revenues 718, 148 338, 105 343, 515 366, 464 28, 359 8%
Operating Expenses 779, 079 337, 464 337, 464 361, 321 23, 857 7%
Use of Reserves 60, 931 0%
Capital / One -Time 0%
Midtown TIRZ:
Revenues 694, 952 933, 048 933, 048 1, 033, 272 100, 224 11%
Operating Expenses 303, 691 764, 199 764, 199 742,400 21, 799) ( 3%)
Use of Reserves 0%
Capital / One -Time 0%

Special Revenue funds are used for specific revenues that are legally restricted to expenditures for particular
purposes.
The Hotel/ Motel Fund is used to account for occupancy tax revenues from area hotels. Expenses are dedicated to the
promotion of tourism and the convention and hotel industry.

The Juvenile Case Fund is used to account for court fees collected. Expenses are dedicated primarily to personnel
and operating costs required to process juvenile cases.
The Euless Development Corporation ( EDC)'/ 20 Sales Tax Fund is used to account for the % 0 sales tax revenues.
Expenses are dedicated to parks, library, recreational, and economic development activities within the City of Euless.
The Crime Control and Prevention District ( CCPD) 1/ 4¢ Sales Tax Fund is used to account for '/ 40 sales tax
revenues. Expenses are dedicated to additional personnel, crime prevention programs, and equipment for the Euless
Police Department.
The Police Seized Asset Fund is used to account for proceeds from sale of seized assets which are dedicated to
police expenditures.
The Police Drug Fund is used to account for proceeds from sale of assets seized in connection with drug arrests.
Expenses are dedicated solely for police department expenditures. Only interest earnings and overtime cost are
budgeted due to the volatility and unpredictable nature in asset confiscation.
Grant Fund is used to account for grant funds and other restricted revenues received by the City. Expenses must be
spent in accordance with the grant provisions.
The Car Rental Tax Fund is used to account for the 5% tax charged on any short- term motor vehicle rental. Expenses
may be dedicated to operations, debt avoidance/ reduction and capital expenditures. These revenues are shared
equally between the cities of Dallas, Fort Worth, and Euless.
The Glade Parks Tax Increment Reinvestment Zone ( TIRZ) Fund is used to account for new revenues generated
from increased values of properties located within the Zone, based on the percentage pledged by each participating
taxing entity. Expenses are incurred for the repayment of the related infrastructure cost.
The Cable Public Educational and Governmental ( PEG) Fund is used to account for a 1% fee collected from cable
channel providers for expansion of the City' s public, educational, and governmental channel.
The Midtown Public Improvement District ( PID) Fund is used to account for assessments levied upon properties
within the district boundaries. Expenses are incurred for the repayment of debt issued to fund public improvements
within the district.

The Midtown Tax Increment Reinvestment Zone ( TIRZ) Fund is used to account for new revenues generated from
increased values of properties located within the Zone, based on the percentage pledged by each participating taxing
entity. Expenses are incurred for the repayment of the related infrastructure cost.

Ordinance No. 2360, Page 37 of 326 29