CITY OF RICHLAND HILLS ANNUAL BUDGET FY2022-23

The TIF fund derives its revenue mainly from property taxes that are transferred from the General Fund once per year and sales taxes also transferred in from the General Fund based on total sales taxes received for the fiscal year.

The TIF does not have personnel allocated to it. Major budget items are: Capital Projects $460,000 for the Animal Services Improvement project and $90,000 for backlit street signs along Baker Boulevard.

There is also $30,000 for a façade grant to businesses within the TIF.

Below are trends for the TIF fund for both sales tax and property tax revenues:

Businesses along Baker Boulevard

Link Replacement Fund

Fund Summary

The LINK Replacement Fund is a new fund created during FY22. It was created to account for transfers in from the General Fund for the purpose of capital replacements in the LINK Event & Recreation Center. There are no personnel budgeted in this fund. The City expects to accumulate funds from year to year to pay for capital equipment or improvements necessary to keep the LINK center running.

CITY OF RICHLAND HILLS ANNUAL BUDGET FY2022-23

Emergency Operations Management Fund

Fund Summary

This new fund was created mid-year FY2022 to account for transfers in from the General Fund for expenses related to the Emergency Operations Center. The amounts will increase from year to year depending on circumstances such as winter weather and other severe weather occurrences. There are no personnel budgeted in this fund.