Page 143 - Haltom City FY20 Approved Budget

City of Haltom City Annual Budget, FY 2020
Supplemental Information

Capital Projects Funds

The Capital Projects Funds are used to account for the financing and construction of
major capital facilities. Financing was provided primarily by the sale of general obligation
or certificate of obligation bonds, sales tax and transfers from other funds. The City’s
Capital Projects funds are currently devoted to general purposes, street, drainage,
facilities, water, and sewer projects. Administration of the capital projects funds is shared
between the Finance Department and Public Works for system improvements and the
Finance Department and the affected departments for equipment and facility
improvements.

PROPRIETARY FUND TYPES:

Enterprise / Business-Type Funds

This fund type is used to account for the provision of fee-based services to residents of
the City. These funds include the Water and Sewer Fund and the Drainage Fund. All
activities necessary to provide such services are accounted for in this fund, including, but
not limited to, public works administration, environment services, operations,
maintenance, financing and related debt service. Billing and collection services are
shared between the two funds. Operation oversight of the Enterprise Funds is the
responsibility of Public Works. Utility Billing and Collection is a function of the Finance
Department.

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