Page 45 - Haltom City Budget FY21

CITY OF HALTOM CITY ANNUAL BUDGET, FY2021 BUDGET OVERVIEW

WHERE THE MONEY GOES - BY EXPENDITURE TYPE

Actual EOY Estimated Budget Change from FY2020 to FY2021
Expenditure FY2019 FY2020 FY2021 Amount Percent
Personnel $24,473,484 $27,051,469 $29,016,551 $1,965,082 7%
Operations $24,132,420 $22,651,743 $21,913,188 ($738,556) -3%
Capital Outlay $4,765,267 $9,682,755 $19,966,585 $10,283,830 106%
Debt Service $6,427,468 $8,538,860 $9,010,662 $471,802 6%
Transfers $4,948,688 $11,032,072 $11,306,403 $274,331 2%
Total $64,747,328 $78,956,900 $91,213,389 $12,256,489 16%

Personnel – This includes salaries and benefits for all full time and part time employees. The
increase is due to a general 3% increase in salaries which will not be implemented until after
the first quarter. No new positions were added and 40+ positions were frozen during the 2020
budget year due to the unknown economic effects of Covid-19.
Operations – Each department made special efforts to lower operational expenses from the
previous year’s budget. Operational expenses include supplies, maintenance, and contracts
for the operations of the City.

Capital Outlay – Expenditures in capital project funds and capital purchases are capital
outlays. The increase is due to new capital projects in parks, streets, water and sewer, and the
construction of new Haltom City Fire Station #3.

Debt Service – This includes both general government debt service and proprietary debt
service. The increase is due to new debt issues for Fire Station #3, streets, and parks.

Transfers - The increase is due to the amounts transferred to cover debt service payments,
Capital Project operations and related debt.

FY2021 Total Expenditure 91,213,389

$29,016,551

$21,913,188
$19,966,585
$11,306,403
$9,010,662

Personnel Operations Capital Outlay Debt Service Transfers

45