Page 114 - Haltom City FY20 Approved Budget

City of Haltom City Annual Budget, FY 2020
Capital Projects Funds

CAPITAL PROJECTS FUNDS DESCRIPTION

The City of Haltom City develops a multi-year financial plan for all capital projects in
conjunction with the development of a multi-year operational plan. These capital
improvement plans (CIP) are developed during the budget process and are adopted by
the City Council along with the proposed operating budget.

Criterion for Selection and Budgetary Impact: Improvements to be included in the CIP are
selected and prioritized according to the critical nature of the project and the timeliness
of available financing for the project. The following operation impacts are considered:
 Demolition and salvage costs
 Changes in city-wide utility costs, maintenance costs and personnel costs
 Impact of regulatory compliance upon operations
 Impact of avoided costs
 Impact of deferred maintenance

All improvements completed in the CIP have a useful life that exceeds the life of the
financing. Capital equipment considered for inclusion in the CIP must have an initial
acquisition cost of at least $5,000 and a useful life of at least 2 years.

Sources of funding for the capital projects include:
 Reserve funds or carryover balances from prior years
 Current resources from operations
 3/8 cents of sales tax for streets
 Grants and contributions
 Transfers from other funds
 Bond proceeds from tax and revenue supported debts

Funding for the FY2020 capital projects are mainly from fund balances, transfers and
sales tax.

Developers'
Capital Project Fund Sales Tax Interest Transfers Total
Contributions
Streets Recondtruction 3,000,000 250,400 3,250,400
Capital Improvement 70,000 70,000
Equipment Replacement 20,000 730,000 750,000
Water & Sewer Projects 120,000 7,397,633 7,517,633
Water & Sewer Impact Fee 30,000 ‐ 240,000 270,000
Drainage Capital Projects 25,000 905,000 930,000
Total Revenue 12,788,033.00
Use of Fund Balance 6,550,170.00
Total Funding 19,338,203.00

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