Page 59 - Haltom City Budget FY21
P. 59
CITY OF HALTOM CITY aNNUAL BUDGET, FY2021 GENERAL FUND
OVERVIEW OF GENERAL FUND REVENUES
Total General fund Revenues for FY2021
are projected to decrease about $900,000
or 3% The decrease is due to lower Licenses & Permits include building permits,
sales tax and franchise taxes. licenses, and permits for engineering,
Property Tax is assessed on real and electrical, plumbing and mechanical
personal property and provides 34% or installations. Revenues for FY2021 are
$10.3 million of the FY2021 revenues. projected to increase to $1.6 million which is
General Fund Property is higher for FY2020 a 121% increase over prior year.
due to Increase in total assessed property Charges for Services include recreation
values even though the rate remained fees, inspection fees, alarm fees and changes
unchanged. for services provided from General Fund to
Sales & Use Tax consists of Sales Tax and other funds. A slight decrease to $1.7 million
Mixed Beverage Tax. Taxes are collected by is projected.
the State and allocated to the City. For Sales Fines & Fees include municipal court fines.
Tax, the General Fund received 1.375% FY2021 estimates a significant decrease to
of taxable sales within the City. Sales and $916,720 due to lower revenue in court fine
Use Taxes represents $10.1 million or 33% and fees.
of FY2021 General Fund revenues and are
projected to decrease by 4% over the prior Other Revenues include Intergovernmental
fiscal year. Revenues, Interest Income and Miscellaneous
Revenues. Total Other Revenues for FY2021
Franchise Fees are collected from utility projected to be $703,569 due to increase in
companies for right-of-way usage. The (non- interest income.
city) franchise payments are from Oncor
Electric, Atmos Gas, AT&T Cable, Waste Transfers for FY2021 are projected to
Management. For FY2021, Franchise Fees be lower due to eliminating the Economic
provide about $3.6 million or 12% of General Development Fund and adding expenses in
Fund Revenues. with the General Fund.
Change in General Fund Revenue FY2020 - FY2021
$0 $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000
Transfers $1,546,000
$1,396,997
Other $703,569
$901,849
Fines and Fees $916,720
$726,425
Charges For Services $1,658,046
$1,358,540
Licenses & Permits $1,596,414
$1,511,150
Franchise $3,648,000
$3,330,865
Sales & Other Taxes $10,156,136
$9,887,000
Property Taxes $10,263,788
$10,781,000
FY2021 FY2020
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