Page 49 - Haltom City FY20 Approved Budget

City of Haltom City Annual Budget, FY 2020
General Fund

OVERVIEW OF GENERAL FUND
REVENUES

Total General fund Revenues for FY2020 are
projected to increase about $1.2 million or
4%. The increase is mainly due to increase in
Property tax and transfers.

Property Tax is assessed on real and
personal property and provides 32% or $10.1
million of the FY2020 General Fund
revenues. General Fund Property is higher
for FY2020 due to Increase in property tax
rate with higher total assessed property value.

Sales & Use Tax consists of Sales Tax and Mixed Beverage Tax. Taxes are collected by the
State and allocated to the City. For Sales Tax, the General Fund received 1.375% of taxable
sales within the City. Sales and Use Taxes represents $10.5 million or 34% of FY2020 General
Fund revenues and are projected to increase by 2% over the prior fiscal year.

Franchise Fees are collected from utility companies for right-of-way usage. The (non-city)
franchise payments are from Oncor Electric, Atmos Gas, AT&T Cable, Waste Management. For
FY2020, Franchise Fees provide about $4.2 million or 13% of General Fund Revenues.

Licenses & Permits include building permits, licenses and permits for engineering, electrical,
plumbing and mechanical installations. Revenues for FY2020 are projected to increase slightly
to $723,900.

Charges for Services include recreation fees, inspection fees, alarm fees and changes for
services provided from General Fund to other funds. A slight increase to $1.8 million is projected.

Fines & Fees include municipal court fines. FY2020 estimates a significant decrease to $0.94

million due to lower revenue in court fine and

fees.
Other Revenues include Intergovernmental

Revenues, Interest Income and Miscellaneous

Revenues. Total Other Revenues for FY2020

projected to be $608,534. Due to increase in

interest income.
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