Page 59 - Haltom City FY 22 Budget
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CITY OF HALTOM CITY ANNUAL BUDGET, FY2022 General FUND
OVERVIEW OF GENERAL FUND REVENUES
Total General Fund Revenues for FY2022 Licenses & Permits include building permits,
are projected to increase about $1.2 million licenses, and permits for engineering, electrical,
or 4%. The increase is due to greater plumbing and mechanical installations.
property tax and sales tax revenues. Revenues for FY2022 are projected to decrease
to $954,050 which is considerably less than
Property Tax is assessed on real and last year. With the build out of one more new
personal property and provides 34% or $10.9 neighborhood, those fees could exceed our
million of the FY2022 revenues. General Fund budgeted amount.
Property is higher for FY2021 due to Increase
in total assessed property values even though Charges for Services include recreation fees,
the rate was lowered by over two cents. inspection fees, alarm fees and changes for
services provided from General Fund to other
Sales & Use Tax consists of Sales Tax and funds. A slight decrease to $1.6 million is
Mixed Beverage Tax. Taxes are collected by the projected.
State and allocated to the City. For Sales Tax,
the General Fund received 1.375% of taxable Fines & Fees include municipal court fines.
sales within the City. Sales and Use Taxes FY2022 estimates a significant decrease to
represents $11.5 million or 36% of FY2022 $734,620 due to lower revenue in court fine
General Fund revenues and are projected to and fees.
increase by 4% over the prior fiscal year.
Other Revenues include Intergovernmental
Franchise Fees are collected from utility Revenues, Interest Income and Miscellaneous
companies for right-of-way usage. The (non- Revenues. Total Other Revenues for FY2022
city) franchise payments are from Oncor projected to be $703,569 due to stabilization of
Electric, Atmos Gas, AT&T Cable, Waste interest income.
Management. For FY2021, Franchise Fees
provide about $3.5 million or 11% of General Transfers for FY2022 are projected to be lower
Fund Revenues. due to eliminating the Economic Development
Fund and adding expenses in with the General
Fund.
Change in General Fund Revenues FY2021 - FY2022
$0 $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000
Transfers $1,943,000
$1,546,000
Other $703,569
$703,569
Fines and Fees $734,620
$916,720
Charges For Services $1,620,546
$1,658,046
Licenses & Permits $954,050
$1,596,414
Franchise $3,548,000
$3,648,000
Sales & Other Taxes $11,481,000
$10,156,136
Property Taxes $10,924,286
$10,263,788
FY2022 FY2021
