Page 160 - Haltom City FY19 Annual Budget

CITY OF HALTOM CITY
MULTI-YEAR FINANCIAL OUTLOOK
GENERAL FUND
Budgeted Projected Projected Projected Projected
2019 2020 2021 2022 2023
REVENUES
Property Taxes $9,085,555 $9,448,977 $9,826,936 $10,220,014 $10,628,814
Sales & Other Taxes 10,128,213 10,735,905 10,950,623 11,169,636 11,393,029
Franchise Fees 4,052,000 4,173,560 4,215,296 4,257,449 4,300,023
Licenses & Permits 695,400 730,170 737,472 744,846 752,295
Charges For Services 1,677,610 1,761,491 1,779,105 1,796,896 1,814,865
Fines and Fees 1,275,400 1,300,908 1,313,917 1,327,056 1,340,327
Other Revenues 592,203 604,047 604,047 604,047 604,047
Transfers 2,268,200 2,313,564 2,197,886 2,087,992 1,983,592
Total Revenues $29,774,581 $31,068,622 $31,625,283 $32,207,936 $32,816,992
Percent increase/(decrease) from previous year 1.6% 4.3% 1.8% 1.8% 1.9%

EXPENDITURES $32,038,204 $31,077,058 $31,387,828 $32,015,585 $32,655,897
Percent increase/(decrease) from previous year 14.1% -3.0% 1.0% 2.0% 2.0%
Revenues Over/(Under) Expenditures (2,263,623) (8,435) 237,454 192,351 161,096

ENDING FUND BALANCE $6,035,448 $6,027,013 $6,264,467 $6,456,818 $6,617,914

Fund Balance Target (20% Expenditures) $6,407,641 $6,215,412 $6,277,566 $6,403,117 $6,531,179

Percent of current year Expenditures 18% 19% 20% 20% 20%

The Water and Sewer Fund generates the greatest portion of the Charges for Services realized
by the City. The City projects costs of services provided by Fort Worth Water as well as the
ongoing pressures upon the cost of service for personnel, operating costs and capital projects.
Rates are projected forward as estimates of the cost of meeting service requirements and other
obligations. For FY2020 to FY2023, water rates are projected to increase 3% per year and
sewer rates are projected to increase 5% per year.

Budgeted Projected Projected Projected Projected
2019 2020 2021 2022 2023
Water
Base Charge $16.60 $17.10 $17.61 $18.14 $18.68
Volume Charge (per 1,000 gallons) 7.80 8.03 8.28 8.52 8.78

Sewer
Base Charge 12.30 12.92 13.56 14.24 14.95
Volume Charge (per 1,000 gallons) 5.90 6.20 6.50 6.83 7.17

Rates supporting the Drainage Utility for Fiscal Year 2019 is at $6.81 per residential unit and
$56.63 per acre for commercial properties. The rates will not be adjusted until a new study is
performed.

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