Page 39 - Haltom City FY19 Annual Budget

WHERE THE MONEY COMES FROM – BY FUND TYPE

Actual EOY Estimated Budget Change from FY2018 to FY2019
Revenue FY2017 FY2018 FY2019 Amount Percent
General Fund $27,828,904 29,315,102 $29,774,581 $459,479 2%
Debt Service Fund* 9,688,729 5,170,391 5,749,215 578,824 11%
Special Revenue Funds 2,892,119 3,509,536 3,742,978 233,441 7%
Capital Project Funds** 10,527,939 15,018,591 13,284,041 (1,734,550) -12%
Water and Sewer Fund 20,537,383 21,693,020 23,183,290 1,490,270 7%
Drainage Fund 1,870,782 1,826,000 1,840,000 14,000 1%
Total $73,345,855 $76,532,640 $77,574,105 $1,041,465 1%
*Significant change in Debt Service Fund was due to refunding bonds in FY2017.
**Significant changes in Capital Project Funds are due to different capital projects to be implemented for the years.
General Fund is the general operating fund of the City. It provides a broad spectrum of programs
and services such as police, fire, parks and recreation, public works and administrative services.
The majority of revenue comes from property tax, sales taxes and franchise fees. Total revenue
increase 2% mainly due to higher property tax and sales tax revenues.

Debt Service Fund is used for the accumulation of resources for the payment of principal and
interest on long-term debts for general government debts. Financing is provided primarily by
property tax and transfers from other resources. Significant change is due to refunding bonds in
FY2017.

Special Revenue Funds are used to account for revenue sources that are legally restricted to be
spent for specified purposes. Revenues include sales tax, special fees and donations.

Capital Project Funds are used to account for all major capital improvements that are financed
by general obligation bonds, intergovernmental grants, developer contributions and other
designated resources.

Water and Sewer Fund provides water and sewer services to the City. Major revenue comes
from changes for services. Increases in revenues are mainly due to water and sewer rates
increase to meet the rising cost of services.

Drainage Fund is for recording revenues and expenses related to watershed and storm water
drainage improvements.

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