Adopted Budget FY 2012-2013 - Kerr County

FUND OVERVIEW
Governmental Funds – The general
government functions are reported in the
General, Special Revenue, Debt Service, and
Capital Project Funds. The focus is to provide
information on near-term inflows, outflows, and
balances of spendable resources. Such
information is useful in assessing the County’s
annual financing and budgeting requirements.
In particular, unreserved fund balance may
serve as a useful measure of a government’s net
resources available for spending at the end of
the fiscal year.
A major fund is defined as any fund whose
revenues, expenditures, assets, or liabilities are
at least 10% of corresponding totals for all
governmental funds and at least 5% of the
aggregate amount of all governmental funds for
the same item.
GOVERNMENTAL FUNDS:
General Fund – As a major fund, the general fund is the general operating fund of the county. The
general operating fund accounts for all resources not required to be accounted for in other funds. This
fund provides for the general government or daily operations for the county. The primary sources of
revenue to the general fund are property tax, sales tax, fees and charges for services.
Indigent Healthcare – The Indigent Healthcare Fund is a special revenue fund created to account for all
financial resources in the Indigent Health Care program. This program is mandated by the State of
Texas. The program states that a county must pay for health care expenses for any county resident who
is declared indigent. To qualify for this program, the individual must go through a screening process and
meet certain stringent criteria. All other available resources must be explored before being accepted. The
county is liable for a maximum of $30,000 per individual per year. Revenue to fund this program comes
from 8% of the General Revenue Tax Levy.
Road & Bridge Fund – The Road & Bridge Fund is the major operating fund for the repair and
maintenance of the county’s infrastructure. The primary sources of revenue to the Road & Bridge Fund
consists of the $10 fee assessed on motor vehicle registration, statutory auto registration fees, state funds
received on lateral roads, and fines collected for traffic violations.
Special Revenue Funds – Funds specifically required to account for revenues and expenditures
restricted for specific purposes. Special revenue funds include the Law Library Fund, Records
Management & Preservation Funds, and the Courthouse Security Fund.
Debt Service Funds – The Debt Service Fund is used to account for the payment of principal and
interest on bonded long-term indebtedness. Primary sources of revenue include ad valorem taxes and
interest income.
Capital Project Funds – Funds specifically designed to account for the acquisition or construction of
major capital facilities, major capital improvements, and/or the acquisition of equipment. Capital
Project Funds may or may not qualify as major funds and are tested on an annual basis.
FY 2012 - 2013 Budget
Page 49