Page 16 - Proposed Operating Budget FY24

CITY OF HURST
FY 2023 ‐ 2024 ADOPTED BUDGET
INFORMATION TECHNOLOGY FUND
REVENUES AND EXPENDITURE SUMMARY

The Information Technology Fund is an internal service fund that has been created to account for the financing on a cost
reimbursement basis of services provided by this fund to other funds within the City and to accumulate resources for replacing fixed
assets. In order to implement the fund, a formula for user charges was developed that includes the personnel and operating costs of
Information Technology and the replacement cost of all computer related equipment. Contributions from selected funds for
operating capital to finance the fund were determined based on the service level provided to each department and depreciation
costs charged to each department to ensure replacement of equipment at the end of its useful life. A Strategic Information Resource
Plan serves as a guideline for future uses of the fund. The fund was established in 1993 and represents a significant effort to employ
strategic planning principles to identify, specify and fund the future city‐wide needs regarding computer technology.

FY 2024
FY 2020 FY 2021 FY 2022 FY 2023 FY 2023 ADOPTED
LINE ITEM DESCRIPTION ACTUALS ACTUALS ACTUALS BUDGET ESTIMATES BUDGET
REVENUES

INTEREST 47,973 12,017 22,508 30,000 22,650 148,906
OTHER REVENUE 5,505 2,930 2795 2,500 2,500 2,500
I/S USER CONTRIBUTIONS ‐ GENER 698,345 698,345 730,500 785,290 785,290 829,255
I/S USER CONTRIBUTIONS ‐ FLEET 28,917 28,917 28,917 31,085 31,085 34,194
I/S USER CONTRIBUTIONS ‐ ENTER 302,361 302,361 311,500 334,863 334,863 366,198
I/S USER CONTRIBUTIONS ‐ COMM 393,995 393,995 413,956 445,003 445,003 489,502
I/S USER CONTRIBUTIONS ‐ ANTI 494,378 494,378 518,500 557,388 557,388 613,217
I/S USER CONTRIBUTIONS ‐ HCC 20,000 ‐ 20,000 21,500 21,500 23,650
I/S USER CONTRIBUTIONS ‐ COURT 15,812 15,812 15,812 16,998 16,998 16,998
I/S USER CONTRIBUTIONS ‐ STORM 25,766 25,766 25,766 27,698 27,698 30,468
I/S USER CONTRIBUTIONS ‐ BUILD 1,256 1,256 1,256 1,350 1,350 1,350
USER CONTRIBUTIONS ‐ JCM 3,839 3,839 3,839 4,127 4,127 4,127
TOTAL REVENUES 2,038,147 1,979,616 2,095,349 2,257,802 2,250,452 2,560,365

OPERATING EXPENSES
PERSONNEL EXPENSES 599,954 559,490 606,953 612,468 565,649 623,505
MATERIAL AND SUPPLIES 116,157 139,678 74,294 192,880 181,500 195,130
MAINTENANCE 672,047 613,200 750,083 1,078,382 1,048,671 1,295,555
SUNDRY CHARGES 526,697 365,240 567,480 674,967 587,871 838,461
CAPTIAL OUTLAY 15,690 ‐ ‐ 208,000 208,000 15,000

TOTAL OPERATING EXPENSES 1,930,545 1,677,608 1,998,810 2,766,697 2,591,691 2,967,651

LESS DEPRECIATION 255,816 109,289 236,576 247,256 247,256 317,392

TOTAL NET EXPENSES 1,674,729 1,568,319 1,762,234 2,519,441 2,344,435 2,650,259