Page 78 - City of Fort Worth Budget Book

General Fund Financial Management Services

DEPARTMENT 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 61,187,849 54,117,017 54,117,017 64,430,496 10,313,479 19.1 %
License & Permits 498,845 419,695 419,695 412,350 (7,345) -1.8 %
Intergovernmental 115,367 121,200 121,200 121,200 — 0.0 %
Charge for Service 12,661,938 13,789,473 13,789,473 15,719,993 1,930,520 14.0 %
Use of Money — — — 354,598 354,598 0.0 %
Other 580,598 651,273 651,273 469,467 (181,806) -27.9 %
Transfer In 39,800,740 37,786,061 37,786,061 40,558,796 2,772,735 7.3 %
Use of Fund Balance — — 1,667,525 — — 0.0 %
Total Revenues 813,024,039 850,818,152 852,485,677 952,037,742 101,219,590 11.9 %

Expenses
Salaries & Benefits 9,493,465 10,456,254 10,456,254 11,820,883 1,364,629 13.1 %
Gen Operating & Maintenance 2,939,654 3,302,479 3,411,479 3,230,846 (71,633) -2.2 %
Total Expenses 12,433,119 13,758,733 13,867,733 15,051,729 1,292,996 9.4 %
Grand Total $ 800,590,920 $ 837,059,419 $ 838,617,944 $ 936,986,013 $ 99,926,594 11.9

2023 2024 Change
Fund AP FTE AP FTE AP FTE
General Fund 94.00 93.50 98.00 97.50 4.00 4.00
Grant Funds — 0.50 — 0.50 — —
Total 94.00 94.00 98.00 98.00 4.00 4.00

DEPARTMENT PURPOSE AND GOALS
The Financial Management Services Department has central oversight of the administration of financial activities
across the City. These duties are performed by the following divisions: Administration, Accounting & Financial
Reporting, Financial Systems Management, Central Purchasing, and Treasury.

The Administration Division is responsible for providing overall planning and support to the other elements of the
Department which include administering fiscal and administrative responsibilities such as budget, human
resources, payroll, revenue, asset management, information technology and procurement, and vendor invoice
processing.

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