Page 107 - CityofHaltomFY23Budget

CITY OF HALTOM CITY ANNUAL BUDGET, FY2023 Special Revenue Funds

OIL AND GAS FUND

The Oil and Gas Fund is to account for proceeds from oil and gas activities within the City. This
fund provides additional revenues to support the operations of the government.

OIL AND GAS FUND
BUDGET SUMMARY

Actual Adopted Projected Adopted
FUND 13 FY2021 FY2022 FY2022 FY2023

Fund Balance, Beginning 1,683,170 1,612,800 1,615,086 1,558,077
Revenues
Oil & Gas Revenue 86,403 60,000 79,448 120,000
Oil & Gas Permits 146,000 150,000 150,000 150,000
Interest Income 6,293 36,000 6,956 12,000
Total Revenues 238,696 246,000 236,404 282,000

Funds Available 1,921,866 1,858,800 1,851,490 1,840,077

Expenditures
Transfer to Debt Service Fund 306,780 293,413 293,413 -
Total Expenditures 306,780 293,413 293,413 -

Fund Balance, Ending 1,615,086 1,565,387 1,558,077 1,840,077

Oil and Gas Fund Ending Fund Balance
$2,000,000

$1,500,000

$1,000,000

$500,000

$0
Actual 2021 Adopted 2022 Projected 2022 Proposed 2023