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GENERAL FUND
OVERALL BUDGET SUMMARY

Proposed Budget General Fund
2022-2023
FY 2022 FY 2023
CURRENT PROJECTED PROPOSED
BUDGET YEAR END BUDGET

Fund Balance, October 1, $ 7,915,463 $ 7,915,463 $ 9,805,035

Revenues
Franchise Fees $ 293,000 $ 349,943 $ 359,500
Property Tax $ 2,618,543 $ 2,761,982 $ 3,432,029

Property Tax Grant to Amazon $ (423,792) $ (453,924) $ (410,179)
City Portion TIRZ $ - $ (92,792) $ (215,548)
Sales Tax $ 1,179,863 $ 3,237,009 $ 1,964,860
Oil/Gas Lease/Royalty $ 15,000 $ 35,000 $ 20,000
Permits/Licenses/Insp $ 1,012,900 $ 2,475,200 $ 1,527,900

Fines & Forfeitures $ 140,000 $ 115,000 $ 140,000

Charges for Services $ 700 $ 700 $ 700

Miscellaneous $ 158,900 $ 207,900 $ 191,900

Operating Revenues $ 4,995,114 $ 8,636,018 $ 7,011,162

Operating Transfers In:

Type A $ 6,890 $ 6,890 $ 6,890

Type B $ 6,890 $ 6,890 $ 6,890

Total Transfers In $ 13,780 $ 13,780 $ 13,780

Total Available Resources $ 12,924,357 $ 16,565,261 $ 16,829,977

Expenditures
Administration $ 301,748 $ 212,615 $ 217,033

City Secretary $ 197,871 $ 152,444 $ 170,890
Fire $ 955,793 $ 967,252 $ 1,621,707

Streets $ 147,000 $ 147,000 $ 155,500
Parks $ 368,037 $ 368,037 $ 472,466
Court $ 186,883 $ 186,883 $ 206,271

Library $ 346,226 $ 352,166 $ 413,337
Inter Services $ 69,667 $ 78,000 $ 61,342
Policing Services $ 800,000 $ 777,623 $ 1,303,211
Code Enforcement (formerly part of Planning) $ 499,372 $ 522,064 $ 575,461
Finance $ 276,274 $ 227,340 $ 285,893
Planning $ - $ - $ -
Engineering & Planning Contracted $ - $ 429,050 $ 139,300
Economic Development $ 77,531 $ 66,516 $ 43,200

Public Works - Shared $ 565,230 $ 441,491 $ 369,093
IT/Admin $ 217,263 $ 154,698 $ 260,672

Operating Expenditures $ 5,008,895 $ 5,083,178 $ 6,295,377
Fund Balance Effect
Increase/(Decrease) (1) 3,566,620 729,565
Transfers in for Project 2025
Type A $ 2,600,000 $ 2,600,000
Type B $ 3,760,000 $ 3,760,000
Total Transfers in for Project 2025 $ 6,360,000 $ 6,360,000
Capital Project Expenditure

Project 2025 $ 6,360,000 $ 6,213,204
Operating Transfers Out

19 Capital Projects Fund $ 920,893 $ 1,071,665 $ 1,540,279

30 Haslet Parkway (Atmos) $ - $ 681,579 $ 100,000
Facilities CO 2022 $ 796,400

Parks Board $ 62,400 $ 62,400 $ 62,400
Parks Board -Matching $ 4,100 $ 4,100 $ 6,800

Library Board- Matching $ 4,100 $ 4,100 $ 6,800

Transfer to Debt Service AJE $ - $ - $ -
Total Operating Transfers Out $ 991,493 $ 1,823,844 $ 2,512,679

Fund Balance, September 30 $ 6,923,969 $ 9,805,035 $ 8,021,921
Fund Balance as % of Exp 138.2% 192.9% 127.4%
Contingency @10%
of Operating Expenses $ 500,890 $ 328,518 $ 629,538
Fund Balance Target @50% $ 1,252,224 $ 1,270,794 $ 3,147,689
of Operating Expenses (prior yrs were 25%)
Reserve Surplus/(Shortfall) $ 5,170,856 $ 8,205,723 $ 4,244,695

ORD No. 017-2022 Page 4 of 30