Page 249 - City of Fort Worth Budget Book

Enterprise Funds Enterprise Fund Statement

FUND SUMMARY

FY2023 FY2024 FY2024 FY2025 Chg from PY Adopted
Final Adopted Adjusted Rec. Amount %

Revenues
License & Permits $ 1,792,856 $ 1,896,825 $ 1,896,825 $ 2,385,285 $ 488,460 25.8 %
Charge for Service 691,431,636 668,339,316 708,539,316 719,829,985 51,490,669 7.7 %
Use of Money & Property 27,190,298 18,883,157 18,883,157 19,124,658 241,501 1.3 %
Other 18,288,152 15,572,655 15,993,875 17,355,753 1,783,098 11.5 %
Transfer In 26,635,840 34,488,967 34,488,967 36,718,461 2,229,494 6.5 %
Total Revenues 765,338,782 739,180,920 779,802,140 795,414,142 56,233,222 7.6 %

Use of Fund Balance — 1,907,217 1,907,217 157,653 (1,749,564) -91.7 %

Expenses
Salaries & Benefits 107,885,944 118,516,539 118,516,539 123,712,412 5,195,873 4.4 %
Gen Operating & Maintenance 75,365,137 328,663,863 345,465,011 353,848,210 25,184,347 7.7 %
Debt Service Accts 1,170,387 33,900 514,820 54,400 20,500 60.5 %
Transfer Out 322,572,329 290,359,997 315,384,997 313,332,540 22,972,543 7.9 %
Total Expenses 506,993,797 737,574,299 779,881,367 790,947,562 53,373,263 7.2 %

Grand Total $ 258,344,985 $ 3,513,838 $ 1,827,990 $ 4,624,233 $ 1,110,395

Contribution to Fund Balance — 3,513,838 1,827,990 4,624,233 1,110,395 31.6 %
Revenues Over(Under) Expenses $ 258,344,985 $ — $ — $ — $ — 0.0 %

FUND PURPOSE AND GOALS
Enterprise funds provide direct deliverables to customers who receive goods or services in exchange for payment.
The City charges rates for these services and deposits the revenue into separate operating funds. This revenue
pays for the delivery of each service or product. Each operation is intended to be a self-supporting business,
therefore employing the enterprise financial model. The City currently operates five funds on this basis: Water and
Sewer, Municipal Airports, Municipal Parking, Stormwater Utility, and Solid Waste.

The Municipal Airports Fund supports the operations of Alliance, Meacham, and Spinks Airports through the
collection of revenue primarily generated by land and terminal building leases, as well as landing fees, hangar
rental, and fuel flowage.

The Municipal Parking Fund is managed by the Transportation and Public Works Department and maintains six
parking garages, twenty surface lots, and more than 3,000 metered spaces. Revenues are generated from fees
charged to users of those surface lots, garages, and street metered parking spaces, the lease of office and retail
space, and fines collected from parking ordinance violations. Operations are financed from these revenues and
debt is issued for large capital projects.

The Solid Waste Fund is responsible for the collection of refuse and recycling throughout the city. Operations are
financed by monthly residential refuse collection rates, service charges for special bulk/brush collection,
residential recycling rates, and other miscellaneous fees. These comprehensive solid waste service charges are
collected from residents through a monthly fee added to their water bill.

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