Page 104 - Haltom City FY19 Annual Budget
P. 104
OIL AND GAS FUND
The Oil and Gas Fund is to account for proceeds from oil and gas activities within the City.
This fund provides additional revenues to support the operations of the government.
OIL AND GAS FUND
BUDGET SUMMARY
Actual Adopted Projected Adopted
FUND 13 FY2017 FY2018 FY 2018 FY2019
Fund Balance, Beginning $2,796,893 $1,828,180 $1,920,296 $1,773,479
Revenues
Oil & Gas Revenue 67,466 30,000 90,621 80,000
Oil & Gas Permits 200,000 130,000 200,000 200,000
Interest Income 22,650 14,000 20,000 20,000
Total Revenues 290,116 174,000 310,621 300,000
Funds Available 3,087,009 2,002,180 2,230,917 2,073,479
Expenditures
Transfer to General Fund 700,000 0 0 0
Transfer to Debt Service Fund 466,713 457,438 457,438 457,488
Total Expenditures 1,166,713 457,438 457,438 457,488
Fund Balance, Ending $1,920,296 $1,544,742 $1,773,479 $1,615,991
Oil and Gas Fund Ending Fund Balance
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000
$0
Actual 2017 Adopted 2018 Projected 2018 Adopted 2019
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