Page 131 - Haltom City FY20 Approved Budget

City of Haltom City Annual Budget, FY 2020

Proprietary Funds

DRAINAGE FUND

The Drainage Fund is to track revenues and expenses related to watershed and storm
drainage improvements throughout the City. The drainage system includes curb and
gutter, storm drains and channels. In November 2004 the City Council created the fund
to address long-standing flooding and drainage issues. The source of funds is a monthly
fee charged to customers based upon a rate factor multiplied by the run-off coefficient
factor developed for each parcel of property in the City. Each residential property is
currently charged $6.81 per month. Each commercial property is charged approximately
$56.63 per month for each acre, with adjustments made for variances in the run-off
coefficient.

As the City is landlocked, it will not be possible to increase operating revenues by
increasing the amount of land available for billing. It is further unlikely that an adjustment
in the rate structure will be sufficient to finance future capital projects. This represents a
challenge to the City because the Drainage Master Plan has identified slightly more than
$100 million of projects that need to be addressed.

The FY2020 fund balance is estimated to be approximately 12% of operating expenses.
This is due to transfer of funds to the Drainage Capital Projects fund for capital
improvements, two of the largest capital improvement projects should be completed in
FY2020. Policy requires a minimum of 20%.

Mission Statement

To provide service in a professional manner that complies with Federal and State
guidelines; implement and maintain an effective storm water management program, flood
control, development review, water quality programs, and to be a steward of our natural
resources.

Accomplishments of FY2019

 Completed White Branch low water crossing
 Corrected deficiencies noted in the Texas Department of Transportation’s bridge
inspection lists
 Completed Glenview Drainage Channel Project

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