Page 133 - CityofHaltomFY23Budget

CITY OF HALTOM CITY ANNUAL BUDGET, FY2023 Capital Project Funds

STREET RECONSTRUCTION FUND

The Street Reconstruction fund is to track revenues and expenditures devoted to street construction,
repair, mill and overlay and reconstruction projects. The Street Reconstruction Fund receives 3/8
cents allocation of the City’s Sales Tax.

STREET RECONSTRUCTION FUND
BUDGET SUMMARY
Actual Adopted Projected Adopted
FUND 31 FY2021 FY2022 FY2022 FY2023

Fund Balance, Beginning 18,772,145 21,846,630 19,352,760 30,846,964

Revenues
Sales Tax 3,279,821 2,747,258 2,720,057 2,967,039
Interest Income 51,619 275,000 83,189 100,000
Bond Proceeds - 5,250,000 13,250,000 300,000
Other Revenues 135,958 - 135,958 -
Total Revenues 3,467,398 8,272,258 16,189,204 3,367,039
Funds Available 22,239,543 30,118,888 35,541,964 34,214,003

Expenditures
Engineering 11,417 - - -
Street Reconstruction Projects 1,549,700 4,895,000 3,310,000 6,135,000
Mill & Overlay 420,849 430,000 430,000 430,000
Other Operating Cost 4,818 95,000 55,000 158,000
Transfer to General Fund - Streets 900,000 900,000 900,000 900,000
Transfer to Drainage Capital 5,000,000
Total Expenditures 2,886,783 6,320,000 4,695,000 12,623,000

Fund Balance, Ending 19,352,760 23,798,888 30,846,964 21,591,003

Street Reconstruction Fund Expenditures

$14
$12
$10
Millions $8
$6
$4
$2
$0
Actual 2021 Adopted 2022 Projected 2022 Proposed 2023