Page 44 - CityofHaltomFY23Budget

CITY OF HALTOM CITY ANNUAL BUDGET, FY2023 Budget overview

WHERE THE MONEY COMES FROM - BY FUND TYPE

Actual EOY Estimated Budget Change from FY2022
Revenue FY2021 FY2022 FY2023 to FY2023 Percent
General Fund $36,507,251 $32,469,331 $33,821,704 $1,352,373 4%
Debt Service Fund $13,763,117 $7,609,367 $7,234,306 ($375,061) -5%
Special Revenue Funds $2,769,488 2,899,103 $3,100,809 $201,706 7%
Capital Project Funds $13,169,979 $52,888,561 $18,533,139 ($34,355,422) -65%
Water and Sewer Fund $24,364,406 $22,498,119 $24,383,200 $1,885,081 8%
Drainage Fund $1,826,086 $1,706,700 $1,763,576 $56,876 3%
Total $92,400,327 $120,071,181 $88,836,734 ($31,234,447) -26%

General Fund is the general operating fund of the City. It provides a broad spectrum of programs
and services such as police, fire, parks and recreation, public works and administrative services.
Most of the revenue comes from property tax, sales taxes and franchise fees, and Permits &
Inspections. Total General Fund revenue budgeted is a 4% increase, mainly due higher property
values and increase in sales tax revenue.

Debt Service Fund is used for the accumulation of resources for the payment of principal and
interest on long-term debts for general government debts. Financing is provided primarily by
property tax and transfers from other resources.
Special Revenue Funds are used to account for revenue sources that are legally restricted to be
spent for specified purposes. Revenues include sales tax, special fees, and donations.

Capital Project Funds are used to account for all major capital improvements that are financed
by rate revenues, certificates of obligation, general obligation bonds, intergovernmental grants,
developer contributions, and other designated resources.

Water and Sewer Fund provides water and sewer services to the City. Major revenue comes
from charges for services. Increases in revenues are mainly due to new commercial water and
sewer accounts. Revenues help cover operational and capital expenditures.

Drainage Fund is for recording revenues and expenses related to watershed and storm water
drainage improvements.

FY2023 All Funds Total Revenue $88,836,734 (By Fund Type)

$33,821,704
$24,383,200
$18,533,139
$7,234,306
$3,100,809 $1,763,576

General Fund Debt Service Special Capital Project Water and Drainage Fund
Fund Revenue Funds Sewer Fund
Funds