Page 141 - Haltom City FY20 Approved Budget
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City of Haltom City Annual Budget, FY 2020
Supplemental Information
Interest earned from investment of available funds, whether pooled or not, shall be
distributed to the funds from which monies were provided to be invested.
In accordance with the Texas Public Funds Investment Act the written Investment Policy
is submitted annually to the City Council for review and formal approval.
Performance Measurement
Every year, the City Council evaluates the strategic priorities established the previous
year. Priorities are added and dropped as appropriate to develop a new set of strategic
priorities for the coming budget year.
From the strategic priorities, each department develops goals that outline measures to
accomplish the strategic priorities. The goals are supported by performance measures.
Performance measurements should objectively monitor and project the degree of success
in accomplishing the goals as outlined.
Conformity
The City has received the GFOA Certificate of Achievement for the fiscal year years
ending 1987 through 2019. The budgets prepared for submission has been recognized
with the GFOA Distinguished Budget Award annually since 1989 with exception of one
year. The City intends to continue to participate successfully in the award program.
FUND STRUCTURE
The accounts of the City of Haltom City are organized on the basis of funds, each of which
is considered to be a separate accounting entity. The operations of each fund are
summarized as follows:
GOVERNMENTAL FUND TYPES
General Fund
The General Fund is the operating fund of the City. All general tax revenues and other
receipts that are not restricted by law or contractual agreement to some other fund are
accounted for in this fund. The General Fund records general operating expenditures,
fixed charges, and capital improvement costs that are not paid through other funds.
Activities operating in the General Fund include:
General Government (City Manager’s Office, City Secretary, City Council,
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