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ENTERPRISE FUNDS
An enterprise fund can be created when a public service generates enough revenue to pay for its
current and ongoing cost. The public service becomes a “profit center”; the users fees are
calculated to pay for the cost of the current service as well as plan for future maintenance and
upgrades. Enterprise funds help maintain a lower ad valorem tax rate. Some general examples
of enterprise funds include public utility services, parking garages, golf courses, stadiums,
arenas, convention centers, as well as certain programs held at museums, libraries, and
recreational facilities. It is important to note that an enterprise fund can be partially funded by
other tax revenue sources or be fully self-sufficient. Westworth Village has two enterprise funds,
Utilities and Hawks Creek Golf Club, and both are budgeted to be self-sufficient. However,
should unexpected expenses arise, economic development reserve funds may be used.
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