Page 96 - Haltom City FY20 Approved Budget
P. 96
City of Haltom City Annual Budget, FY 2020
Special Revenue Funds
OIL AND GAS FUND
The Oil and Gas Fund is to account for proceeds from oil and gas activities within the
City. This fund provides additional revenues to support the operations of the government.
OIL AND GAS FUND
BUDGET SUMMARY
Actual Adopted Projected Proposed
FUND 13 FY2018 FY2019 FY2019 FY2020
Fund Balance, Beginning $1,920,296 $1,773,479 $1,754,132 1,663,644
Revenues
Oil & Gas Revenue 123,212 80,000 125,000 80,000
Oil & Gas Permits 152,000 200,000 200,000 200,000
Interest Income 16,062 20,000 42,000 35,000
Total Revenues 291,274 300,000 367,000 315,000
Funds Available 2,211,570 2,073,479 2,121,132 1,978,644
Expenditures
Transfer to General Fund 0 0 0 0
Transfer to Debt Service Fund 457,438 457,488 457,488 156,239
Total Expenditures 457,438 457,488 457,488 156,239
Fund Balance, Ending $1,754,132 $1,615,991 $1,663,644 1,822,405
Oil and Gas Fund Ending Fund Balance
$2,000,000
$1,500,000
$1,000,000
$500,000
$0
Actual 2018 Adopted 2019 Projected 2019 Proposed 2020
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