Page 255 - City of Fort Worth Budget Book

Enterprise Funds Municipal Parking

FY2025 DISCUSSION AND SIGNIFICANT CHANGES
The Recommended Budget:

• Increases by $972,450 in Contribution to Fund Balance as a result of the decreases for Debt Service
Fund. The transfer to Parking Debt Service fund was made directly from the General Debt Service fund.
◦ Increases by $467,189 in contractual commitments due to inflationary and growth factors.
◦ Increases by $82,322 in salary and for previously approved costs associated with pay for performance,
rising health care costs, pay band adjustment and pension contributions.
◦ Decreases by ($140,000) for Capital Interfund Transfer Out associated with one-time cost for Houston
Street Garage Automation Upgrade.

◦ Decreases by ($175,517) in salary and benefits due to pay adjustments and increased budgeted vacancy
rates that produced salary savings.
◦ Decreases by ($921,363) in General Operating & Maintenance for previously approved costs associated
with risk management, administrative cost and IT solutions allocation costs. The reduction is offset by
Contribution to Fund Balance.

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