Page 54 - Haltom City FY19 Annual Budget

OVERVIEW OF GENERAL FUND REVENUES

Total General Revenues for FY2019 are projected to increase about $0.46 million or 1.6%. The
increase is mainly due to increase in sales tax and transfers.

FY2018 Revenues $29,315,102 FY2019 Revenues $29,774,581
Other Other
$848,054 $592,203
3% 2%
Transfers Property Transfers Property
Fines and $1,868,200 Taxes Fines and $2,268,200 Taxes
Fees 6% $9,286,539 Fees 8% $9,085,555
$1,287,439 32% $1,275,400 30%
4% 4%

Charges For Charges For
Services Sales & Services Sales & Other
$1,705,927 Franchise Other Taxes $1,677,610 Franchise Taxes
6% $3,982,000 $9,646,393 6% $4,052,000 $10,128,213
14% 33% 14% 34%
Licenses & Licenses &
Permits Permits
$690,550 $695,400
2% 2%

Property Tax is assessed on real and personal property and provides 32% or $9.1 million of the
FY2019 General Fund revenues. General Fund Property is lower for FY2019 due to reduction in
property tax rate but with higher total assessed property value.

Sales & Use Tax consists of Sales Tax and Mixed Beverage Tax. Taxes are collected by the
State and allocated to the City. For Sales Tax, the General Fund received 1.375% of taxable
sales within the City. Sales and Use Taxes represents $10.1 million or 34% of FY2019 General
Fund revenues and are projected to increase by 5% over the prior fiscal year.

Franchise Fees are collected from utility companies for right-of-way usage. The (non-city)
franchise payments are from Oncor Electric, Atmos Gas, AT&T Cable, Waste Management. For
FY2019, Franchise Fees provide about $4 million or 14% of General Fund Revenues.

Licenses & Permits include building permits, licenses and permits for engineering, electrical,
plumbing and mechanical installations. Revenues for FY2019 are projected to increase slightly
to $695,400.

Charges for Services include recreation fees, inspection fees, alarm fees and changes for
services provided from General Fund to other funds. A slight decrease to $1.68 million is
projected.

Fines & Fees include municipal court fines. FY2019 estimates a slight decrease to $1.28. There
will be no library fine for books and other materials that are overdue.

Other Revenues include Intergovernmental Revenues, Interest Income and Miscellaneous
Revenues. Total Other Revenues for FY2019 are projected to be $592,203. There is slight
increase for cell phone tower leases and interest income.

Transfers for FY2019 are projected to be higher due to transfer of sales tax revenues to cover
debt service and operations for economic development.

Page 45