Page 33 - City of Fort Worth Budget Book

Budget Highlights General Fund: Financial Summary

FY2022 FY2023 FY2023 FY2024 Chg from PY Adopted
Final Adopted Adjusted Rec. Amount %
Revenues
Property Tax $ 479,886,470 $ 531,785,972 $ 531,785,972 $ 579,970,842 $ 48,184,870 9.1 %
Sales Tax 218,292,232 212,147,461 212,147,461 250,000,000 37,852,539 17.8 %
Other Tax 61,240,849 54,146,726 54,146,726 64,458,496 10,311,770 19.0 %
License & Permits 23,561,661 20,686,694 20,686,694 22,238,763 1,552,069 7.5 %
Intergovernmental 1,535,578 505,442 505,442 520,641 15,199 3.0 %
Charge for Service 43,934,570 33,886,591 33,886,591 34,395,212 508,621 1.5 %
Fines & Forfeitures 5,832,206 7,311,062 7,311,062 6,327,394 (983,668) -13.5 %
Use of Money &
Property 2,854,769 2,931,561 2,931,561 2,746,728 (184,833) -6.3 %
Other 3,231,676 3,262,825 3,697,825 2,731,573 (531,252) -16.3 %
Transfer In 45,876,362 48,676,547 48,676,547 49,426,226 749,679 1.5 %
Total Revenues 886,246,373 915,340,881 915,775,881 1,012,815,875 97,474,994 10.6 %

Use of Fund Balance — — 5,291,631 — — 0.0 %

Expenses
Salaries & Benefits 588,504,186 632,735,418 632,059,208 682,963,094 50,227,676 7.9 %
Gen Operating &
Maintenance 193,452,021 200,634,040 202,378,984 224,533,414 23,899,374 11.9 %
Capital Accts — — — — — 0.0 %
Debt Service Accts 2,256,259 2,265,207 2,265,207 2,274,423 9,216 0.4 %
Transfer Out 57,739,788 79,706,216 84,364,113 103,044,944 23,338,728 29.3 %
Contra Accounts — — — — — 0.0 %
Total Expenses 841,952,254 915,340,881 921,067,512 1,012,815,875 97,474,994 10.6 %

Contribution to Fund
Balance — — — — — 0.0 %

Revenues Over(Under)
Expenses $ 44,294,119 $ — $ — $ — $ — 0.0 %
Note: Contra accounts are used to reduce expenditures between departments in the General Fund.

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