Page 29 - Haltom City FY20 Approved Budget

City of Haltom City Annual Budget, FY 2020

Overview

o SUMMARY OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
o FISCAL YEAR 2020 WITH COMPARISONS TO FISCAL YEARS 2019 AND 2018

GOVERNMENTAL FUNDS

Special Governmental
Debt Service
General Fund Revenue Capital Projects
Fund
Funds Funds

Beginning Balance $8,419,385 $327,535 $6,474,050 $17,892,298

BUDGETED REVENUES
Property Taxes 10,074,387 5,981,136 - -
Sales & Other Taxes 10,548,600 - 2,088,076 3,000,000
Franchise Fees 4,152,000 - 60,000 -
Licenses/Permits/Fees 723,900 - 280,000 -
Intergovernmental Revenues 193,959 - 112,500 -
Charges For Service 1,796,500 - 58,500 -
Fines & Fees 942,525 - 62,000 -
Bond Proceeds - - - -
Miscellaneous Revenues 414,575 54,879 188,070 340,400
Interfund Transfers 2,550,200 156,239 - 730,000
Sale of Assets - - 1,380,000 -
TOTAL REVENUES 31,396,646 6,192,254 4,229,146 4,070,400

BUDGETED EXPENDITURES
Personnel 24,261,734 - 549,184 -
Operations 6,541,750 - 2,060,288 30,000
Capital Outlay 776,500 - 820,250 9,214,961
Debt Service 6,192,254 156,239 -
Interfund Transfers 650,000 - 70,200 900,000
TOTAL EXPENDITURES 32,229,984 6,192,254 3,656,161 10,144,961
Depreciation Adjustments - - - -
Ending Balance $7,586,047 $327,535 $7,047,035 $11,817,737

GOVERNMENTAL FUNDS
General Fund is the operating fund of the City. This fund is used to account for all financial resources
not accounted for in other funds.
Debt Service Fund is used to account for the accumulation of financial resources for the payment of
principal, interest and related costs on general long-term debts.
Special Revenue Funds are used to account for revenues sources that are legally restricted to spend
for specific purposes.
Governmental Capital Project Funds are used to account for the financing and construction of major
capital facilities or acquisition of major equipment. Financing is primarily through the issuance of
general obligation debts and transfers from other funds.

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