Page 38 - Haltom City FY 22 Budget

CITY OF HALTOM CITY ANNUAL BUDGET, FY2022 Budget overview

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GOVERNMENTAL FUNDS

Special Governmental
Debt Service
General Fund Revenue Capital Projects
Fund
Funds Funds

Beginning Balance $13,531,833 $1,388,561 $9,080,892 $27,931,601

BUDGETED REVENUES
Property Taxes 10,924,286 6,952,732 - -
Sales & Other Taxes 11,481,000 - 1,869,374 2,747,258
Franchise Fees 3,548,000 - 50,000 -
Licenses/Permits/Fees 954,050 - 210,000 -
Intergovernmental Revenues 288,990 - 148,250 -
Charges For Service 1,620,546 - 41,600 -
Fines & Fees 734,620 - 67,000 -
Bond Proceeds - - - 34,250,000
Miscellaneous Revenues 414,579 8,671 121,520 312,000
Interfund Transfers 1,943,000 293,413 8,500 1,450,000
TOTAL REVENUES 31,909,071 7,254,816 2,516,244 38,759,258

BUDGETED EXPENDITURES
Personnel 26,253,778 - 643,762 -
Operations 7,645,867 - 1,099,649 435,000
Capital Outlay 889,820 - 716,500 19,215,126
Debt Service - 7,632,397 150,000 90,000
Interfund Transfers 1,458,500 - 756,413 900,000
TOTAL EXPENDITURES 36,247,965 7,632,397 3,366,324 20,640,126
Depreciation Adjustments (210,000) - - -
Ending Balance $8,982,939 $1,010,980 $8,230,812 $46,050,733

GOVERNMENTAL FUNDS →
General Fund is the operating fund of the City. This fund is used to account for all financial resources
not accounted for in other funds.
Debt Service Fund is used to account for the accumulation of financial resources for the payment of
principal, interest and related costs on general long-term debts.
Special Revenue Funds are used to account for revenue sources that are legally restricted to spend
for specific purposes.
Governmental Capital Project Funds are used to account for the financing and construction of major
capital facilities or acquisition of major equipment. Financing is primarily through the issuance of
general obligation debts and transfers from other funds.