Page 129 - Haltom City FY 22 Budget

CITY OF HALTOM CITY ANNUAL BUDGET, FY2022 Capital Project Funds

CAPITAL PROJECTS FUNDS DESCRIPTION

The City of Haltom City develops a multi-year financial plan for all capital projects in conjunction with the
development of a multi-year operational plan. These capital improvement plans (CIP) are developed during
the budget process and are adopted by the City Council along with the proposed operating budget.
Criterion for Selection and Budgetary Impact: Improvements to be included in the CIP are selected
and prioritized according to the critical nature of the project and the timeliness of available financing for the
project. The following operation impacts are considered:
• Demolition and salvage costs

• Changes in city-wide utility costs, maintenance costs and personnel costs

• Impact of regulatory compliance upon operations
• Impact of avoided costs

• Impact of deferred maintenance

All improvements completed in the CIP budget have a useful life that exceeds the life of the financing.
Capital equipment considered for inclusion in the CIP must have an initial acquisition cost of at least $5,000
and a useful life of at least 2 years.
Sources of funding for the capital projects include:

• Reserve funds or carryover balances from prior years

• Current resources from operations

• 3/8 cents of sales tax for streets
• Grants and contributions

• Transfers from other funds
• Bond proceeds from tax and revenue supported debts

Funding for the FY2022 capital projects are from fund balances, transfers, sales tax, and Certificates of
Obligation issued for streets and parks.

Bond Developers'
Fund Capital Project Funds Sales Tax Interest Transfers Total
Proceeds Contributions
31 Street Reconstruction $2,747,258 $275,000 $5,250,000 $8,272,258
32 Capital Improvements 33,900 600,000 29,000,000 29,633,900
35 Equipment Replacement 3,000 850,000 853,000
42 Water & Sewer Projects 98,000 8,020,000 8,118,000
44 Water & Sewer Impact Fees 35,000 400,000 435,000
46 Drainage Capital Projects 8,000 320,000 328,000
Total Revenues $2,747,258 $452,900 $9,790,000 $34,250,000 $400,000 $47,640,158
Use of Fund Balance -
Total Funding $47,640,158