Page 159 - Haltom City FY19 Annual Budget

neighboring towns through Haltom City and southward to Fort Worth. Nearly $101 million of
needed improvements have been identified. Each year eligible projects are included in the
capital-financing portion of the annual budget process as resources permit.

Parks Usage and Improvement – The 2008 Parks Master Plan analyzed the state of Haltom City
park facilities, recreation facilities and open spaces. The thrust of the study was to determine
the current and future community needs and to recommend strategies to meet the challenges
as outlaid. A new Parks Master Plan will be developed in FY2019.

Belknap Revitalization – In 2007, the Economic Development Corporation financed an outside
study to assess the potential for redevelopment of the City’s original business corridor. The
intent of the study was to gauge the business community interest in redevelopment as well as
neighborhood willingness to advocate change. Since that time the study recommendations are
being used for requesting changes to be made in traffic patterns on State Highway 377 that will
enhance traffic safety and access for businesses.

Street Improvement – Since 2005 the Public Works Staff has maintained a database of all streets
and thoroughfares. The condition of the transportation infrastructure is updated annually and
projects scoring high in priority are submitted for financing in the budget process. A new, system-
wide, assessment was completed in FY2012. This program drives the project selection in the
Street Reconstruction Fund. Major street projects for FY2019 include Cason Bridge, Joy Lee,
Montreal, Quite Zone, Swan, Union Pacific Railway Upgrade and Vicki.

Comprehensive Land Use Plan (CLUP) – A high Council priority was the update of the CLUP in
2009. This update effected changes to the existing zoning of the City that maximizes future
development possibilities and allows for the efficient use of Code Enforcement Staff and the
related operating budget resources.

Multi-year Financial Plans – Multi-year financial plans figure prominently in the development of
the annual budget. The financial plan applies the short-term assumptions made in the beginning
of the budget cycle, projected economic data and potential decision packages to a model that
reflects the annual operating results for 20 years. Only five years are examined for the annual
budget process. The development of the annual budget is predicated upon the impact of
decisions over the 5-year window. The debt service plan projects the availability of resources
for debt service payments over a 30-year period (though only 10 years are used in the annual
budget process). The flow of resources realized from the model determines the amount of
financing possible to meet the capital needs as identified by the foregoing processes and the
annual budget requests.

The most prominent of the major plans is the General Fund. While the General Fund represents
only 35% of the total operating budget of the City it remains the functional center of the City.
Projections of revenues from taxes and other revenues are coupled with projected outlays
representing projected changes from inflation, statutory changes, globe economy, local
economy and management decisions. The projection assumes the property tax rates remain
unchanged at $0.423 for maintenance and operation and $0.23 for interest and sinking.

A brief summary of the General Fund over the next five years is listed as follows.

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