Page 39 - City of Fort Worth Budget Book

Processes and Policies Financial Policies

Enterprise Funds: (Working Capital)
Municipal Airport 25.0 %
Municipal Parking 25.0 %
Solid Waste 25.0 %
Stormwater 25.0 %
Water and Sewer 25.0 %

Enterprise Funds: (Days Cash on Hand)
Municipal Airport 100 Days
Municipal Parking 100 Days
Solid Waste 100 Days
Stormwater 100 Days
Water and Sewer 100 Days

Internal Service Funds: (Working Capital)
Capital Projects Service 10.0 %
Fleet and Equipment Service 10.0 %
Group Health Insurance 25.0 %
Information Technology 10.0 %
Services
Risk Financing 25.0 %
When it is appropriate for fund balance to be assigned, the City Council delegates authority to the City Manager.
Revenue

The city shall diversify its revenue sources to the extent possible to reduce reliance on property tax. Periodically,
the city will review specific programs and services that are identified to be potential areas for funding through user
fees. The City Council will determine the level of cost recovery for the program or service. For example, fire
inspection fees will be set at a level sufficient to recover the full cost of services and solid waste fees shall be set
at a level sufficient to recover the full cost of solid waste enterprise operations. Sound cash management
practices shall augment revenues available to the city.
Capital Improvements

The city adopts a five-year Capital Improvement Program (CIP) to be revised and approved annually. Currently,
the city appropriates all funds for capital projects with a capital budget ordinance per the City charter.
Debt Policies

The city debt policy establishes guidelines for debt financing that will provide needed capital equipment and
infrastructure improvements while minimizing the impact of debt payments on current revenues.

As a municipal government, the city issues both tax-exempt and taxable securities in the form of general
obligation and revenue bonds as part of our ongoing goal to create the most livable and best-managed city in the
country. The proceeds from these debt transactions are utilized to fund the city’s comprehensive Capital
Improvement Program for multiple sectors of our operation. It is considered best practice for the city, as part of the
issuance of tax-exempt obligations, to adopt written procedures outlining how the city will maintain compliance
with federal guidelines.

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