Page 46 - CityofHaltomFY23Budget

CITY OF HALTOM CITY ANNUAL BUDGET, FY2023 Budget overview

WHERE THE MONEY GOES - BY FUND TYPE

Actual EOY Estimated Budget Change from FY2022 Percent
Expenditure FY2021 FY2022 FY2023 to FY2023
General Fund $29,881,840 $34,337,593 $39,823,837 $5,486,243 16%
Debt Service Fund $13,672,135 $7,416,107 $7,480,549 $64,442 1%
Special Revenue Fund $2,587,112 $3,180,083 $2,874,775 ($305,308) -10%
Capital Project Fund $9,979,463 $14,334,930 $53,342,500 $39,007,570 272%
Water and Sewer Fund $24,032,456 $27,072,227 $31,237,607 $4,165,380 15%
Drainage Fund $1,734,402 $2,266,136 $2,778,140 $512,004 23%
Total $81,887,409 $88,607,076 $137,537,407 $48,930,330 55%

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.

Debt Service Fund expenditures represent payments of principal, interest, and debt service-
related expenditures of general government debts.

Special Revenue Funds are used to account for revenue sources that are legally restricted to be
spent for specified purposes.

Capital Project Funds are used to account for all capital projects and major capital purchases.
The significant changes from year to year are due to various capital construction projects and
purchase of capital assets budgeted for each individual year.

Water and Sewer Fund provides water and sewer services to the City. Decision packages in this
fund were to fund much needed equipment purchases. Current Supply chain issues have been
challenging in ordering equipment and taking possession of equipment within the same budget
year. There will be a need to carry over expenses for any large equipment items requiring longer
lead times based on availability.
Drainage Fund is for recording revenues and expenses related to watershed and storm drainage
improvements. Drainage capital projects are important for improving drainage areas where water
can accumulate and cause flooding.

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

$53,342,500
$39,823,837
$31,237,607

$7,480,549
$2,874,775 $2,778,140

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