Page 54 - Haltom City Budget FY21

CITY OF HALTOM CITY ANNUAL BUDGET, FY2021 BUDGET OVERVIEW

BOND PROCEEDS

Bond proceeds are amounts received from bond issuance. Bond proceeds may be different from
bond issuance due to bond premiums, bond discounts and issuance costs. The City may issue
General Obligation (GO) Bonds, Certificates of Obligation (CO), Revenue Bonds (RB) and Tax
Notes (TN) to fund capital improvement projects.

Outlook
The City has developed a five-year plan for capital improvement projects. All bond proceeds are
for capital improvement projects. Details of capital improvement projects are listed at the Capital
Projects Funds section.

Total bond proceeds for fiscal year 2020 were about $6 million for street and park improvement
projects. The bond proceeds received in 2019 for Fire Station #3 will also be used to fund the
construction that will occur in the FY 2021 budget year.

Major Influence
Major factors affecting bond proceeds are the amounts required for funding capital improvement
projects, interest rates and bond capacity.

General Fund Proprietary Fund
Fiscal Year Debts Debts Total
2012 3,880,000 4,115,000 7,995,000
2013 12,285,000 - 12,285,000
2014 2,740,000 3,100,000 5,840,000
2015 - - -
2016 - - -
2017 7,115,000 855,000 7,970,000
2018 2,860,000 6,720,000 9,580,000
2019 7,800,000 - 7,800,000
2020 - - -
2021* 5,980,000 - 5,980,000
*Bond proceed budgeted for fiscal 2021 were received on the last month of FY2020

Bond Issuance

General Fund Debts Proprietary Fund Debts

14,000,000
12,000,000
10,000,000

8,000,000
6,000,000
4,000,000
2,000,000

-
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

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