Page 34 - Haltom City FY20 Approved Budget

City of Haltom City Annual Budget, FY 2020
Overview

WHERE THE MONEY COMES FROM – BY REVENUE TYPE

Actual EOY Estimated Budget Change from FY2019 to FY2020
Revenue FY2018 FY2019 FY2020 Amount Percent
Property Taxes $13,657,813 $14,589,650 $16,055,523 $1,465,873 10%
Sales & Other Taxes 15,174,542 15,351,590 15,636,676 285,086 2%
Franchise 4,056,345 3,962,908 4,212,000 249,092 6%
Licenses & Permits 1,324,650 1,379,084 1,243,900 (135,184) -10%
Intergovernmental 762,934 296,459 306,459 10,000 3%
Charges For Service 26,405,188 26,584,197 26,099,410 (484,787) -2%
Fines & Fees 1,396,527 1,058,139 1,004,525 (53,614) -5%
Bond Proceeds 3,669,444 7,460,000 - (7,460,000) -100%
Other 644,485 1,957,996 2,787,925 829,929 42%
Transfers 11,786,283 7,402,211 11,739,072 4,336,861 59%
Total $78,878,211 $80,042,234 $79,085,490 ($956,744) -1%

MAJOR SOURCES OF REVENUES
Major sources of revenue are taxes, licenses and charges for operating funds, and bond proceeds
for capital improvement funds.

Taxes and Franchise include property tax, sales and use taxes, and franchise fees. Property tax
estimates are based on current property values, new construction, tax rate and recent collection
rates. Economic conditions and growth projections are used to project sales and use taxes.
Historic growth is used to forecast franchise fees.

Licenses & Permits, Charges for Services and Fine & Fees include licenses, permits, charges for
services, and fines. Trend analysis is used to project all charges for services.

Intergovernmental revenues are grants from other governmental entities. The City receives
grants for Streets, Police, Fire, Drainage, Parks and Library.

Other revenues are donations, interest income and other miscellaneous revenues.

Transfers are transactions between funds. Transfers include administrative fees, fleet service
fees, debt service payments and billing fees.

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