Page 45 - CityofHaltomFY23Budget

CITY OF HALTOM CITY ANNUAL BUDGET, FY2023 Budget overview

WHERE THE MONEY GOES - BY EXPENDITURE TYPE

Actual EOY Estimated Budget Change from FY2022
Expenditure FY2021 FY2022 FY2023 to FY2023 Percent
Personnel $26,686,247 $30,429,782 $34,526,870 $4,097,088 13%
Operations $21,252,518 $24,270,342 $28,262,934 $3,992,591 16%
Capital Outlay $8,126,223 $13,299,929 $48,950,850 $35,650,921 268%
Debt Service $14,565,428 $9,402,976 $9,649,252 $246,276 3%
Transfers $11,256,993 $11,204,046 $16,147,500 $4,943,454 44%
Total $81,887,409 $88,607,075 $137,537,407 $48,930,330 55%

Personnel – This includes salaries and benefits for all full time and part time employees.
Salaries were increased by 10% and the City covers additional insurance premiums for
employees. Four new positions were added City-wide.

Operations – Increase in operations cost is due to decision packages added this year to help
the departments perform their duties with maximum efficiency. In addition, each department
makes special efforts to find savings in operational expenses. Operational expenses include
supplies, maintenance, and contracts for the operations of the City.

Capital Outlay – Expenditures in capital project funds and capital purchases are capital
outlays. The increase is due to new capital projects in parks, streets, water and sewer, and
construction of the Law Enforcement Center, and the new City Hall.

Debt Service – This includes both general government debt service and proprietary debt
service.

Transfers - The increase is due to the amounts transferred to cover debt service payments,
capital project operations and related debt.

FY2023 All Funds Total Expenditure $137,537,407 (By Expenditure Type)

$48,950,850
$34,526,870
$28,262,934
$16,147,500
$9,649,252

Personnel Operations Capital Outlay Debt Service Transfers