Page 161 - Haltom City Budget FY21

CITY OF HALTOM CITY aNNUAL BUDGET, FY2021 SUPPLEMENTAL INFORMATION

Budgeted Projected Projected Projected Projected
2021 2022 2023 2024 2025
REVENUES
Property Taxes $10,263,788 $10,674,340 $11,101,313 $11,545,366 $12,007,180
Sales & Other Taxes 10,156,136 10,460,820 10,670,036 10,883,437 11,101,106
Franchise Fees 3,648,000 3,684,480 3,721,325 3,758,538 3,796,123
Licenses & Permits 1,596,414 1,676,235 1,692,997 1,709,927 1,727,026
Charges For Services 1,658,046 1,740,948 1,758,358 1,775,941 1,793,701
Fines and Fees 916,720 935,054 944,405 953,849 963,387
Other Revenues 703,569 717,640 717,640 717,640 717,640
Transfers 1,546,000 1,576,920 1,498,074 1,423,170 1,352,012
Total Revenues $30,488,673 $31,466,437 $32,104,149 $32,767,869 $33,458,176
Percent increase/(decrease) from previous year 2.0% 3.2% 2.0% 2.1% 2.1%

EXPENDITURES $30,488,673 $31,098,446 $31,409,431 $32,037,620 $32,678,372
Percent increase/(decrease) from previous year 3.8% 2.0% 1.0% 2.0% 2.0%

Revenues Over/(Under) Expenditures - 367,991 694,718 730,249 779,804

ENDING FUND BALANCE $9,076,493 $9,444,484 $10,139,202 $10,869,451 $11,649,256

Fund Balance Target (20% Expenditures) $6,097,735 $6,219,689 $6,281,886 $6,407,524 $6,535,674

Percent of current year Expenditures 30% 30% 32% 34% 36%

MULTI-YEAR FINANCIAL OUTLOOK
Water and Sewer Fund

The Water and Sewer Fund generates the greatest portion of the Charges for Services realized by
the City. The City projects costs of services provided by Fort Worth Water as well as the ongoing
pressures upon the cost of service for personnel, operating costs and capital projects. Rates are
projected forward as estimates of the cost of meeting service requirements and other obligations.
For FY2022 to FY2025, water rates are projected to increase 3% per year and sewer rates are
projected to increase 5% per year. This could possibly be greater once the City completes its Water
and Wastewater Rate Study which will involve a completely new rate structure design in FY2021-
FY2022. While this will increase the overall revenue, expenses will be determined on that revenue.
Capital improvement projects will also depend on the revenue available for those projects.

Rates supporting the Drainage Utility for Fiscal Year 2021 is at $6.81 per residential unit and $56.63
per acre for commercial properties. The rates will not be adjusted until a new study is performed.
We plan to budget for a new study in FY 2022 to determine the proper rate needed for the capital
projects to be completed.

Budgeted Projected Projected Projected Projected
2021 2022 2023 2024 2025
Water
Base Charge $16.60 $17.10 $17.61 $18.14 $18.68
Volume Charge (per 1,000 gallons) 7.80 8.03 8.28 8.52 8.78

Sewer
Base Charge 12.30 12.92 13.56 14.24 14.95
Volume Charge (per 1,000 gallons) 5.90 6.20 6.50 6.83 7.17

161