Page 133 - Haltom City Budget FY21

CITY OF HALTOM CITY aNNUAL BUDGET, FY2021 CAPITAL PROJECT FUNDS

STREET ASSESSMENTS FUND

The City ceased assessing for street repairs in 1999. There are unpaid assessments for 25 projects
that were completed prior to that time. Revenues from these accounts are unpredictable and can vary
significantly especially with commercial properties. Revenue is received when the sale of property that
triggers assessment payment plus penalty that is due. There is no appropriation budgeted for FY2021.

STREET ASSESSMENTS FUND
BUDGET SUMMARY
Actual Adopted Projected Adopted
FUND 39 FY2019 FY2020 FY2020 FY2021

Fund Balance, Beginning $21,446 $23,980 $24,058 24,558

Revenues
Assessment Revenue 2,034 0 0 0
Interest from Investments 578 400 500 500
Total Revenues 2,612 400 500 500

Funds Available 24,058 24,380 24,558 25,058

Expenditures
Transfer to General Fund 0 0 0 0
Total Expenditures 0 0 0 0

Fund Balance, Ending $24,058 $24,380 $24,558 25,058

Street Assessments Fund Ending Fund Balance
$30,000

$22,500

$15,000

$7,500
$0
Actual 2019 Adopted 2020 Projected 2020 Proposed 2021

133