Page 44 - Haltom City Budget FY21

CITY OF HALTOM CITY ANNUAL BUDGET, FY2021 BUDGET OVERVIEW

WHERE THE MONEY COMES FROM - BY FUND TYPE

Actual EOY Estimated Budget Change from FY2020 to FY2021
Revenue FY2019 FY2020 FY2021 Amount Percent
General Fund $29,817,776 $29,893,826 $30,488,673 $594,847 2%
Debt Service Fund $5,976,165 $6,855,500 $6,597,905 ($257,595) -4%
Special Revenue Funds $4,068,846 3,465,776 $2,498,506 ($967,270) -28%
Capital Project Funds $14,970,773 $12,512,346 $18,573,185 $6,060,839 48%
Water and Sewer Fund $23,123,163 $23,895,118 $23,952,200 $57,082 0%
Drainage Fund $1,740,433 $1,699,727 $1,700,000 $273 0%
Total $79,697,156 $78,322,293 $83,810,470 $5,488,177 7%

General Fund is the general operating fund of the City. It provides a broad spectrum of programs and
services such as police, fire, parks and recreation, public works and administrative services. Most of
the revenue comes from property tax, sales taxes and franchise fees, and Permits & Inspections. Total
revenue decreased 1% mainly due to timing of capital projects, and debt Service funds.
Debt Service Fund is used for the accumulation of resources for the payment of principal and interest
on long-term debts for general government debts. Financing is provided primarily by property tax and
transfers from other resources. Significant change is due to bond issue in FY2019 that was received in
FY2020.

Special Revenue Funds are used to account for revenue sources that are legally restricted to be spent
for specified purposes. Revenues include sales tax, special fees and donations.

Capital Project Funds are used to account for all major capital improvements that are financed by
rate revenues, certificates of obligation, general obligation bonds, intergovernmental grants, developer
contributions and other designated resources.

Water and Sewer Fund provides water and sewer services to the City. Major revenue comes from
charges for services. Increases in revenues are mainly due to water and sewer rates increase to meet the rising
cost of services.

Drainage Fund is for recording revenues and expenses related to watershed and storm water drainage
improvements

FY2021 TOTAL REVENUE $83,810,470
Drainage Fund,
$1,700,000 , 2%

Water and Sewer
Fund, $23,952,200 ,
29% General Fund,
$30,488,673 , 36%

Debt Service Fund,
$6,597,905 , 8%
Capital Project Special Revenue
Funds, $18,573,185 , Funds, $2,498,506 ,
22% 3%

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