Page 105 - Haltom City Budget FY21

CITY OF HALTOM CITY aNNUAL BUDGET, FY2021 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 Adopted
FUND 13 FY2019 FY2020 FY2020 FY2021

Fund Balance, Beginning $1,754,132 $1,663,644 $1,609,968 1,699,729

Revenues
Oil & Gas Revenue 122,757 80,000 60,000 125,000
Oil & Gas Permits 148,000 200,000 150,000 150,000
Interest Income 42,567 35,000 36,000 36,000
Total Revenues 313,324 315,000 246,000 311,000

Funds Available 2,067,456 1,978,644 1,855,968 2,010,729

Expenditures
Transfer to General Fund 0 0 0 0
Transfer to Debt Service Fund 457,488 156,239 156,239 306,775
Total Expenditures 457,488 156,239 156,239 306,775

Fund Balance, Ending $1,609,968 $1,822,405 $1,699,729 1,703,954

Oil and Gas Fund Ending Fund Balance

$2,000,000

$1,500,000

$1,000,000

$500,000

$0
Actual 2019 Adopted 2020 Projected 2020 Proposed 2021

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