Page 38 - Haltom City Budget FY21

CITY OF HALTOM CITY ANNUAL BUDGET, FY2021 BUDGET OVERVIEW

SUMMARY OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
ALL FUNDS BY FUND TYPE
FISCAL YEAR 2021 WITH COMPARISONS TO FISCAL YEARS 2020 AND 2019
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GOVERNMENTAL FUNDS

Special Governmental
Debt Service
General Fund Revenue Capital Projects
Fund
Funds Funds

Beginning Balance $9,286,493 $1,212,433 $7,595,875 $20,666,426

BUDGETED REVENUES
Property Taxes 10,263,788 6,271,130 - -
Sales & Other Taxes 10,156,136 - 1,799,206 2,720,057
Franchise Fees 3,648,000 - 50,000 -
Licenses/Permits/Fees 1,596,414 - 275,000 -
Intergovernmental Revenues 288,990 - 113,000 -
Charges For Service 1,658,046 - 58,100 -
Fines & Fees 916,720 - 64,000 -
Bond Proceeds - - - 5,980,000
Miscellaneous Revenues 414,579 20,000 139,200 419,500
Interfund Transfers 1,546,000 306,775 - 1,250,000
TOTAL REVENUES 30,488,673 6,597,905 2,498,506 10,369,557

BUDGETED EXPENDITURES
Personnel 24,441,257 - 560,479 -
Operations 4,201,416 - 1,070,153 405,000
Capital Outlay 40,000 - 861,585 13,617,000
Debt Service - 6,739,676 - 90,000
Interfund Transfers 1,806,000 - 372,775 900,000
TOTAL EXPENDITURES 30,488,673 6,739,676 2,864,992 15,012,000
Depreciation Adjustments (210,000) - - -
Ending Balance $9,076,493 $1,070,662 $7,229,389 $16,023,983
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GOVERNMENTAL FUNDS

General Fund is the operating fund of the City. This fund is used to account for all financial resources not
accounted for in other funds.
Debt Service Fund is used to account for the accumulation of financial resources for the payment of
principal, interest and related costs on general long-term debts.
Special Revenue Funds are used to account for revenues sources that are legally restricted to spend
for specific purposes.
Governmental Capital Project Funds are used to account for the financing and construction of major
capital facilities or acquisition of major equipment. Financing is primarily through the issuance of
general obligation debts and transfers from other funds.

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