Page 43 - Haltom City FY 22 Budget

CITY OF HALTOM CITY ANNUAL BUDGET, FY2022 Budget overview

MAJOR SOURCE OF REVENUES

Major sources of revenue are taxes, licenses, permits, fines, fees, interfunds transfers, and bond
proceeds for capital improvement funds.

Taxes and Franchise include property tax, sales and use taxes, and franchise fees. Property tax
estimates are based on current property values, new construction, tax rate and recent collection
rates. Estimates for taxes were budgeted conservatively due to the Covid-19 Pandemic and
the uncertainty of long-term effects and next year’s economic outlook. Historic growth is used
to forecast franchise fees, but the changes in telecommunication fees will lower the amount of
franchise fees that can be charged in the future.

Licenses & Permits, Charges for Services and Fine & Fees include licenses, permits, charges
for services, and fines. Trend analysis is used to project all charges for services.

Intergovernmental revenues are grants from other governmental entities. The City receives
grants for Streets, Police, Fire, Drainage, Parks and Library.

Other revenues are donations, interest income and other miscellaneous revenues.

Transfers are transactions between funds. Transfers include administrative fees, fleet service
fees, debt service payments and billing fees.

Bond Proceeds Include the bond issuance for the new Law Enforcement Center.

FY2022 ALL FUNDS TOTAL REVENUE $114,987,590
40,000,000
Bond Proceeds
35,000,000 34,250,000

30,000,000 Charges For Service
26,897,346
Sales & Other Taxes
25,000,000 16,097,632
Property Taxes
20,000,000 17,877,018
15,000,000 Transfers
12,034,913
Licenses & Permits
10,000,000 1,564,050
Franchise
5,000,000 3,598,000 Intergovernmental Fines & Fees Other
437,240 801,620 1,429,771
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