Page 142 - Haltom City Budget FY21

CITY OF HALTOM CITY aNNUAL BUDGET, FY2021 PROPRIETARY FUNDS

DRAINAGE FUND

The Drainage Fund is to track revenues and expenses related to watershed and storm drainage
improvements throughout the City. The drainage system includes curb and gutter, storm drains
and channels. In November 2004 the City Council created the fund to address long-standing flood-
ing and drainage issues. The source of funds is a monthly fee charged to customers based upon
a rate factor multiplied by the run-off coefficient factor developed for each parcel of property in the
City. Each residential property is currently charged $6.81 per month. Each commercial property
is charged approximately $56.63 per month for each acre, with adjustments made for variances in
the run-off coefficient.

As the City adds additional commercial and residential properties with growth, revenues will in-
crease slightly, but it will not be enough to cover all capital projects needed. It is further unlikely
that an adjustment in the rate structure will be sufficient to finance future capital projects. This
represents a challenge to the City because the Drainage Master Plan has identified slightly more
than $100 million of projects that need to be addressed.

The FY2021 fund balance is estimated to be approximately 13% at the beginning of the fiscal year,
and 18% at year-end 2021. This fund balance is just below the required minimum of 20%. Trans-
fers are made to the Drainage Capital Projects fund for capital improvements, but several projects
are pushed to future years due to lack of funding.

Mission Statement

To provide service in a professional manner that complies with Federal and State guidelines;
implement and maintain an effective storm water management program, flood control,
development review, water quality programs, and to be a steward of our natural resources

Accomplishments of FY2020

◊ Completed White Branch low water crossing

◊ Corrected deficiencies noted in the Texas Department of Transportation’s bridge inspection
lists

◊ Completed Glenview Drainage Channel Project

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