Page 130 - Haltom City FY19 Annual Budget

STREET RECONSTRUCTION FUND

The Street Reconstruction fund is to track revenues and expenditures devoted to street
construction, repair, mill and overlay and reconstruction projects. The Street Reconstruction
Fund receives 3/8 cents allocation of the City’s Sales Tax.

STREET RECONSTRUCTION FUND
BUDGET SUMMARY

Actual Adopted Projected Adopted
FUND 31 FY2017 FY2018 FY 2018 FY2019

Fund Balance, Beginning $5,613,366 $7,526,935 $9,818,276 $11,758,681

Revenues
Sales Tax 2,577,863 2,503,636 2,629,420 2,760,891
Interest Income 81,077 30,000 100,000 80,000
Bond Proceeds 2,139,024 0 1,000,000 1,383,000
Other Revenues 176,860 0 42,055 0
Total Revenues 4,974,824 2,533,636 3,771,475 4,223,891

Funds Available 10,588,190 10,060,571 13,589,751 15,982,572

Expenditures
Engineering 28,564 39,500 74,879 0
Street Reconstruction Projects 182,006 5,518,000 401,191 6,728,500
Utility Portion of Capital Projects 20,614 0 0 0
Mill & Overlay 440,623 400,000 400,000 400,000
Other Operating Cost 98,106 40,000 55,000 55,000
Transfer to General Fund - Streets 0 900,000 900,000 900,000
Total Expenditures 769,914 6,897,500 1,831,070 8,083,500

Fund Balance, Ending $9,818,276 $3,163,071 $11,758,681 $7,899,072

Street Reconstruction Fund Expenditures

$10,000,000
$8,000,000

$6,000,000
$4,000,000

$2,000,000
$0
Actual 2017 Adopted 2018 Projected 2018 Adopted 2019

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