Page 109 - Haltom City FY 22 Budget

CITY OF HALTOM CITY ANNUAL BUDGET, FY2022 Special Revenue Funds

OIL AND GAS FUND

The Oil and Gas Fund is to account for proceeds from oil and gas activities within the City. This
fund provides additional revenues to support the operations of the government.

OIL AND GAS FUND
BUDGET SUMMARY

Actual Adopted Projected Adopted
FUND 13 FY2020 FY2021 FY2021 FY2022

Fund Balance, Beginning $1,609,968 $1,683,171 $1,683,171 1,612,800

Revenues
Oil & Gas Revenue 53,276 125,000 79,448 60,000
Oil & Gas Permits 148,000 150,000 150,000 150,000
Interest Income 28,166 36,000 6,956 36,000
Total Revenues 229,443 311,000 236,404 246,000

Funds Available 1,839,411 1,994,171 1,919,575 1,858,800

Expenditures
Transfer to General Fund 0 0 0 0
Transfer to Debt Service Fund 156,240 306,775 306,775 293,413
Total Expenditures 156,240 306,775 306,775 293,413

Fund Balance, Ending $1,683,171 $1,687,396 $1,612,800 1,565,387

Oil and Gas Fund Ending Fund Balance

$2,000,000

$1,500,000

$1,000,000

$500,000

$0
Actual 2020 Adopted 2021 Projected 2021 Proposed 2022