Page 45 - Haltom City FY20 Approved Budget

City of Haltom City Annual Budget, FY 2020
Overview

BOND PROCEEDS

Bond proceeds are amounts received from bond issuance. Bond proceeds may be different from
bond issuance due to bond premiums, bond discounts and issuance costs. The City may issue
General Obligation (GO) Bonds, Certificates of Obligation (CO), Revenue Bonds (RB) and Tax
Notes (TN) to fund capital improvement projects.

Outlook
The City has developed a five-year plan for capital improvement projects. All bond proceeds are
for capital improvement projects. Details of capital improvement projects are listed at the Capital
Projects Funds section.

Total bond proceeds for fiscal year 2019 were $7.8 million. The bonds proceeds were for a new
fire station, street construction projects, and park improvement projects. For FY2020 new bonds
may be issued for municipal facilities.

Major Influence
Major factors affecting bond proceeds are the amounts required for funding capital improvement
projects, interest rates and bond capacity.

General Fund Proprietary Fund Percent of
Fiscal Year Debts Debts Total Change
2011 10,000,000 - 10,000,000 0.0%
2012 3,880,000 4,115,000 7,995,000 -20.1%
2013 12,285,000 - 12,285,000 53.7%
2014 2,740,000 3,100,000 5,840,000 -52.5%
2015 - - - -100.0%
2016 - - - 0.0%
2017 7,115,000 855,000 7,970,000 0.0%
2018 2,860,000 6,720,000 9,580,000 20.2%
2019 7,800,000 - 7,802,019 -18.6%
2020 - - - -100.0%

BOND ISSUANCE

14,000,000

12,000,000
10,000,000
8,000,000
6,000,000

4,000,000
2,000,000
‐
20 10 20 11 20 12 20 13 2 01 4 2 01 5 2 01 6 2 01 7 20 18 20 19 20 20 20 21
General Fund Debts Proprietary Fund Debts

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