Page 135 - City of Fort Worth Budget Book

General Fund Financial Management Services

DEPARTMENT SUMMARY

FY2023 FY2024 FY2024 FY2025 Chg from PY Adopted
Final Adopted Adjusted Rec. Amount %
Revenues
Property Tax $ 529,689,083 $ 579,970,842 $ 579,970,842 $ 618,412,487 $ 38,441,645 6.6 %
Sales Tax 233,231,141 250,000,000 250,000,000 252,700,000 2,700,000 1.1 %
Other Tax 59,619,493 64,430,496 64,430,496 62,605,580 (1,824,916) -2.8 %
License & Permits 473,183 412,350 412,350 490,600 78,250 19.0 %
Intergovernmental 105,751 121,200 121,200 121,200 — 0.0 %
Charge for Service 13,866,004 15,719,993 15,719,993 18,232,411 2,512,418 16.0 %
Use of Money 27,205,596 354,598 354,598 400,373 45,775 12.9 %
Other 478,238 471,467 471,467 372,987 (98,480) -20.9 %
Transfer In 42,029,046 40,556,796 40,556,796 43,531,049 2,974,253 7.3 %
Use of Fund Balance — — 188,704 — — 0.0 %
Total Revenues 906,723,967 952,039,742 952,226,446 996,866,687 44,828,945 4.7 %

Expenses
Salaries & Benefits 10,845,356 11,820,883 11,820,883 12,897,071 1,076,188 9.1 %
Gen Operating & Maintenance 2,889,139 3,230,846 3,419,550 3,880,602 649,756 20.1 %
Transfer Out & Other 12,130,000 — — — — 0.0 %
Total Expenses 25,864,495 15,051,729 15,240,433 16,777,673 1,725,944 11.5 %
Grand Total $ 880,859,472 $ 936,988,013 $ 936,986,013 $ 980,089,014 $ 43,103,001 4.6 %

2024 2025 Change
Fund AP FTE AP FTE AP FTE
General Fund 98.00 97.50 102.00 102.00 4.00 4.50
Grant Funds — 0.50 — — — (0.50)
Total 98.00 98.00 102.00 102.00 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
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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