Page 48 - City of Fort Worth Budget Book

Budget Highlights General Fund: Financial 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 59,637,993 64,458,496 64,458,496 62,635,580 (1,822,916) -2.8 %
License & Permits 21,662,404 22,238,763 22,258,763 24,554,040 2,315,277 10.4 %
Intergovernmental 709,754 520,641 520,641 595,641 75,000 14.4 %
Charge for Service 31,810,195 34,395,212 34,395,212 37,556,499 3,161,287 9.2 %
Fines & Forfeitures 6,034,234 6,327,394 6,327,394 6,541,792 214,398 3.4 %
Use of Money &
Property 30,464,689 2,746,728 2,746,728 2,131,433 (615,295) -22.4 %
Other 23,955,824 3,741,440 3,721,440 4,061,481 320,041 8.6 %
Transfer In 52,242,847 49,412,874 49,877,536 53,318,497 3,905,623 7.9 %
Total Revenues 989,438,164 1,013,812,390 1,014,277,052 1,062,507,450 48,695,060 4.8 %

Use of Fund Balance — — 4,351,655 — — 0.0 %

Expenses
Salaries & Benefits 613,879,904 683,738,713 682,729,040 703,680,823 19,942,110 2.9 %
Gen Operating &
Maintenance 202,796,582 224,754,311 227,871,390 243,576,376 18,822,065 8.4 %
Capital Accts — — — — — 0.0 %
Debt Service Accts 2,265,206 2,274,423 2,274,423 1,950,000 (324,423) -14.3 %
Transfer Out 108,623,446 103,044,944 105,753,854 113,300,251 10,255,307 10.0 %
Contra Accounts — — — — — 0.0 %
Total Expenses 927,565,138 1,013,812,390 1,018,628,707 1,062,507,450 48,695,060 4.8 %

Contribution to Fund
Balance — — — — — 0.0 %

Revenues Over(Under)
Expenses $ 61,873,026 $ — $ — $ — $ — 0.0 %
Note: Contra accounts are used to reduce expenditures between departments in the General Fund.

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