Page 17 - Haltom City FY 22 Budget

Adopted Proposed
Budget Budget Increase/ Change
Capital Project Funds 2021 FY2022 (Decrease) Percent
Street Reconstruction Fund 7,460,000 6,320,000 ($1,140,000) -15%
Capital Improvement Fund 6,702,000 13,470,126 6,768,126 101%
Capital Replacement Fund 850,000 850,000 0 0%
Street Assessments Fund 0 0 0 0%
Water & Sewer Utility Projects Fund 3,610,000 7,838,000 4,228,000 117%
Water and Sewer Impact Fees Fund 417,932 182,000 (235,932) 0%
Drainage Capital Projects Fund 1,983,000 1,855,000 (128,000) -6%
Total Capital Project Funds $21,022,932 $30,515,126 $9,492,194 45%

CONCLUSION

As stated earlier, we are in a good position to capitalize on a unique opportunity to make some necessary
improvements in critical areas due to three factors.

These three factors are:

• Increased reserves due to fiscal responsibility.
• Revenues maintaining and increasing.

• Record economic growth.

This approved budget places a priority on our employees while remaining fiscally responsible to our
citizenry. This budget ensures that we are moving forward and working toward the Council’s long-term
strategic goals. As you know the staff and I presented very lean budgets over the last couple of years.
Due to fiscally responsible management and record economic growth, we will be able to keep this city
competitive and on track as we prepare for the future. This has been a team effort between the Mayor,
City Council and Staff.
It is critical the FY 2021-2022 budget continues to provide a sound financial plan, reflects the priorities
and policies of the Mayor and City Council, and provides the citizens of Haltom City with quality municipal
services.
On behalf of the staff, I would like to thank the Mayor and City Council for providing the leadership and
direction in developing this budget. I also extend appreciation to all the employees who worked extremely
hard to prepare the Approved FY 2021-2022 Budget.

Together, we will continually create a community environment where families flourish, and businesses
prosper.

Respectfully and sincerely,

Rex Phelp
City Manager