Page 38 - CityofHaltomFY23Budget

CITY OF HALTOM CITY ANNUAL BUDGET, FY2023 Budget overview

SUMMARY OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
FISCAL YEAR 2023 WITH COMPARISONS TO FISCAL YEARS 2022 AND 2021
ALL FUNDS BY FUND TYPE (PART 1)
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GOVERNMENTAL FUNDS

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

Beginning Balance $19,260,912 $1,216,336 $9,475,750 $57,882,814

BUDGETED REVENUES
Property Taxes 11,805,499 7,214,306 - -
Sales & Other Taxes 12,794,100 - 2,426,619 2,967,039
Franchise Fees 3,486,220 - 50,000 -
Licenses/Permits/Fees 1,282,450 - 270,000 -
Intergovernmental Revenues 276,690 - 148,000 -
Charges For Service 1,608,546 - 41,600 -
Fines & Fees 734,620 - 67,000 -
Bond Proceeds - - - 300,000
Miscellaneous Revenues 314,579 20,000 89,090 138,100
Interfund Transfers 1,519,000 - 8,500 1,450,000
Sale of Assets - - - -
TOTAL REVENUES 33,821,704 7,234,306 3,100,809 4,855,139

BUDGETED EXPENDITURES
Personnel 29,134,883 - 775,699 -

Operations 8,106,453 - 1,196,226 438,000
Capital Outlay 1,124,000 - 696,850 27,462,000
Debt Service - 7,480,549 167,000 150,000
Interfund Transfers 1,458,500 - 39,000 5,900,000
TOTAL EXPENDITURES 39,823,837 7,480,549 2,874,775 33,950,000
Depreciation Adjustments (210,000) - - -
Ending Balance $13,048,778 $970,093 $9,701,785 $28,787,953

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.