The City’s financial plan is developed in alignment with projected available
resources and is presented by function within each fund. Fiscal Year 2018
total budgeted revenue and other financing sources for all funds, excluding
transfers in, is $519.5 million. Budgeted expenditures excluding transfers
out is $542.0 million. The budgeted ending balances for all Governmental
Funds, including the General Fund, total $120.4 million, consisting primarily
of resources dedicated to ongoing capital projects and reserves. The Fiscal
Year 2018 budget is balanced, prudent and responsive to community
The Redevelopment Agency is a component of the City of Henderson. The
total budgeted revenue for Fiscal Year 2018 is $11.4 million, with $16.0
million in expenditures. The fund balance at the end of Fiscal Year 2018 is
estimated to be $24.2 million.
The General Fund is the largest fund and includes the budget necessary to
provide most of the core services and day-to-day activities. General Fund
revenues are projected to be $253.5 million, a 3.8 percent increase over
budgeted Fiscal Year 2017. Total General Fund expenditures excluding
transfers out are expected to be $252.5 million, a 3.5 percent increase over
budgeted Fiscal Year 2017. Approximately 58 percent of the General Fund
expenditures support public safety for our community.
The General Fund Ending Fund Balance is projected to be $22.0 million, or
8.7 percent of the General Fund’s budgeted revenue.
The City has 21 active Governmental Funds excluding the General Fund.
Governmental Funds account for proceeds of specific revenue sources that
are legally restricted to expenditures for specific purposes. For Fiscal Year
2018, revenue and other financing sources are projected at $58.2 million
and total expenditures and other uses are projected at $68.1 million. The
total budgeted ending balances for these funds is $98.4 million.
The budget also contains 12 Proprietary Funds with estimated revenues and
other sources of $215.5 million and expenditures and other uses of $228.1
million. These funds are used to account for services provided to internal
departments on a cost-reimbursement basis or operations that are financed
and operated in a manner similar to private business enterprises.
4 City of Henderson, Nevada