Page 4 - RichlandHillsFY24ProposedBudget

FY 2023-2024 PROPOSED BUDGET

FY 2024 TO FY 2024 TO
GENERAL FUND REVENUES FY 2021 FY 2022 FY 2023 FY 2024 FY 2023 FY 2023
SUMMARY ACTUAL ACTUAL ADOPTED PROPOSED $ CHANGE % CHANGE

PROPERTY TAXES $ 2,629,067 $ 2,803,082 $ 3,123,995 $ 3,217,091 $ 93,096 3.0%
SALES TAXES 3,616,110 4,571,298 4,712,216 4,877,144 164,928 3.5%
LIQUOR TAXES 2,925 2,784 2,500 2,500 - 0.0%
FRANCHISE FEES 533,360 549,332 562,000 556,800 (5,200) -0.9%
FINES & FORFEITURES 282,839 298,288 262,050 385,100 123,050 47.0%
LICENSES & PERMITS 186,174 177,429 209,500 279,225 69,725 33.3%
CHARGES FOR SERVICES 290,281 296,821 305,850 268,850 (37,000) -12.1%
MISCELLANEOUS REVENUES 130,392 563,149 140,152 552,227 412,075 294.0%

TOTAL REVENUES $ 7,671,148 $ 9,262,183 $ 9,318,263 $ 10,138,937 $ 820,674 8.8%

FY 2024 TO FY 2024 TO
GENERAL FUND EXPENDITURES FY 2021 FY 2022 FY 2023 FY 2024 FY 2023 FY 2023
SUMMARY ACTUAL ACTUAL ADOPTED PROPOSED $ CHANGE % CHANGE

MUNICIPAL COURT $ 266,107 $ 275,460 $ 300,040 $ 295,313 $ (4,727) -1.6%
ADMINISTRATION 576,079 576,674 690,171 709,039 18,868 2.7%
POLICE 1,867,926 1,909,797 2,091,296 2,580,786 489,490 23.4%
FIRE 1,860,853 2,395,206 2,567,824 2,624,656 56,832 2.2%
STREETS 231,511 344,485 325,080 300,143 (24,937) -7.7%
LIBRARY 360,307 387,950 403,133 470,100 66,967 16.6%
RECREATION 234,951 281,150 299,807 289,595 (10,212) -3.4%
PARKS & GROUNDS 138,268 163,820 281,787 323,742 41,955 14.9%
COMMUNITY DEVELOPMENT 415,952 416,000 535,439 504,608 (30,831) -5.8%
ANIMAL CONTROL 178,611 199,189 202,422 235,448 33,026 16.3%
LEGISLATIVE (CITY SECRETARY) 166,943 129,661 129,940 149,127 19,187 14.8%
SHARED SERVICES 652,716 616,040 839,990 957,232 117,242 14.0%
TOTAL EXPENDITURES $ 6,950,224 $ 7,695,432 $ 8,666,929 $ 9,439,789 $ 772,860 8.9%
Transfers Out/Non Departmental $ 331,014 $ 446,218 $ 2,910,491 $ 585,633 $ (2,324,858) -79.9%
TOTAL EXPENDITURES AND TRANSFERS $ 7,281,238 $ 8,141,650 $ 11,577,420 $ 10,025,422 $ (1,551,998)
DIFF REVENUES VS EXPEND/TFERS $ 389,910 $ 1,120,533 $ (2,259,157) $ 113,515
Transfer to Strat Initiative (USE OF FUND BALANC $ - $ - $ - $ (256,260)

BEGINNING FUND BALANCE $ 4,042,839 $ 4,432,749 $ 5,553,282 $ 3,294,124
ENDING FUND BALANCE $ 4,432,749 $ 5,553,282 $ 3,294,124 $ 3,151,379
90 DAYS RESERVE AMOUNT $ 2,041,219 $ 1,897,504 $ 2,854,706 $ 2,472,022
AMOUNT OVER/(UNDER) RESERVE REQUIREMENTS $ 2,391,530 $ 3,655,778 $ 439,418 $ 679,357

City of Richland Hills 2