Page 176 - Haltom City FY20 Approved Budget

City of Haltom City Annual Budget, FY 2020
Supplemental Information

CITY OF HALTOM CITY
MULTI-YEAR FINANCIAL OUTLOOK
GENERAL FUND
Adopted Projected Projected Projected Projected
2020 2021 2022 2023 2024
REVENUES
Property Taxes $10,074,387 $10,275,875 $10,481,392 $10,691,020 $10,904,840
Sales & Other Taxes 10,548,600 $10,759,572 $10,974,763 $11,194,259 $11,418,144
Franchise Fees 4,152,000 $4,235,040 $4,319,741 $4,406,136 $4,494,258
Licenses & Permits 723,900 $738,378 $753,146 $768,208 $783,573
Charges For Services 1,796,500 $1,832,430 $1,869,079 $1,906,460 $1,944,589
Fines and Fees 942,525 $961,376 $980,603 $1,000,215 $1,020,219
Other Revenues 608,534 $620,705 $633,119 $645,781 $658,697
Transfers 2,550,200 $2,601,204 $2,653,228 $2,706,293 $2,760,418
Total Revenues $31,396,646 $32,024,579 $32,665,070 $33,318,372 $33,984,739
Percent increase/(decrease) from previous year 3.9% 2.0% 2.0% 2.0% 2.0%

EXPENDITURES $32,229,984 $31,907,684 $32,864,915 $33,522,213 $33,857,435
Percent increase/(decrease) from previous year 5.8% (3.0%) 3.0% 2.0 % 1 . 0 %

Revenues Over/(Under) Expenditures (833,338) 116,895 (199,844) (203,841) 127,304

ENDING FUND BALANCE $7,376,047 $7,492,941 $7,293,097 $7,089,256 $7,216,560

Fund Balance Target (20% Expenditures) $6,445,997 $6,381,537 $6,572,983 $6,704,443 $6,771,487

Percent of current year Expenditures 23% 23% 22% 21% 21%

The Water and Sewer Fund generates the greatest portion of the Charges for Services realized
by the City. The City projects costs of services provided by Fort Worth Water as well as the
ongoing pressures upon the cost of service for personnel, operating costs and capital projects.
Rates are projected forward as estimates of the cost of meeting service requirements and other
obligations. For FY2021 to FY2024, water rates are projected to increase 3% per year and sewer
rates are projected to increase 5% per year.

Adopted Projected Projected Projected Projected
2020 2021 2022 2023 2024
Water
Base Charge $16.60 $17.10 $17.61 $18.14 $18.68
Volume Charge (per 1,000 gallons) 7.80 8.03 8.28 8.52 8.78

Sewer
Base Charge 12.30 12.92 13.56 14.24 14.95
Volume Charge (per 1,000 gallons) 5.90 6.20 6.50 6.83 7.17

Rates supporting the Drainage Utility for Fiscal Year 2020 is at $6.81 per residential unit

and $56.63 per acre for commercial properties. The rates will not be adjusted until a new

study is performed.
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