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City of Haltom City Annual Budget, FY 2020
Overview
WHERE THE MONEY COMES FROM – BY FUND TYPE
Actual EOY Estimated Budget Change from FY2019 to FY2020
Revenue FY2018 FY2019 FY2020 Amount Percent
General Fund $29,775,996 $30,214,675 $31,396,646 $1,181,971 4%
Debt Service Fund $5,200,079 $5,982,272 $6,192,254 $209,982 4%
Special Revenue Funds $3,344,355 4,229,146 $4,229,146 $0 0%
Capital Project Funds $15,526,635 $14,371,612 $12,788,033 ($1,583,579) -11%
Water and Sewer Fund $23,193,838 $23,410,029 $22,634,410 ($775,619) -3%
Drainage Fund $1,837,308 $1,834,500 $1,845,000 $10,500 1%
Total $78,878,211 $80,042,234 $79,085,490 ($956,744) -1%
General Fund is the general operating fund of the City. It provides a broad spectrum of programs
and services such as police, fire, parks and recreation, public works and administrative services.
Most of the revenue comes from property tax, sales taxes and franchise fees. Total revenue
decreased 1% mainly due to timing of capital projects, and debt issuance funds.
Debt Service Fund is used for the accumulation of resources for the payment of principal and
interest on long-term debts for general government debts. Financing is provided primarily by
property tax and transfers from other resources. Significant change is due to bond issue in
FY2019.
Special Revenue Funds are used to account for revenue sources that are legally restricted to be
spent for specified purposes. Revenues include sales tax, special fees and donations.
Capital Project Funds are used to account for all major capital improvements that are financed by
rate revenue, certificate of obligation general obligation bonds, intergovernmental grants,
developer contributions and other designated resources.
Water and Sewer Fund provides water and sewer services to the City. Major revenue comes
from charges for services. Increases in revenues are mainly due to water and sewer rates
increase to meet the rising cost of services.
Drainage Fund is for recording revenues and expenses related to watershed and storm water
drainage improvements.
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