Page 138 - CityofHaltomFY24Budget

City Of Haltom City Annual Budget, Fy2024 Capital Project Funds City Of Haltom City Annual Budget, Fy2024 Capital Project Funds

STREET ASSESSMENTS FUND WATER AND SEWER CAPITAL PROJECTS FUND

The City ceased assessing for street repairs in 1999. Currently, There are oustanding assessments This fund is used to record monies transferred from the Water and Sewer Fund for capital projects
for 21 projects that were completed prior to that time. Revenues from these accounts are and equipment purchases.
unpredictable and can vary significantly especially with commercial properties. Revenue is received
when the sale of property that triggers assessment payment plus penalty that is due. There is no
appropriation budgeted for FY2024.

STREET ASSESSMENTS FUND WATER AND SEWER CAPITAL PROJECTS FUND
BUDGET SUMMARY BUDGET SUMMARY
Actual Adopted Projected Adopted
Actual Adopted Projected Adopted FUND 42 FY2022 FY2023 FY2023 FY2024
FUND 39 FY2022 FY2023 FY2023 FY2024
Cash & Investments, Beginning 15,285,369 23,156,815 23,156,815 28,821,565
Fund Balance, Beginning 24,383 24,431 24,431 25,031 Revenues
Interest Income 9,332 60,000 784,750 196,188
Miscellaneous Revenues
Revenues Bond Proceeds
Assessment Revenue - - - - Transfer from Water Fund 8,019,996 7,400,000 7,400,000 5,800,000
Interest from Investments 48 100 600 100 Total Revenues 8,029,328 7,460,000 8,184,750 5,996,188
Total Revenues 48 100 600 100 Funds Available 23,314,697 30,616,815 31,341,565 34,817,753
Expenses
Funds Available 24,431 24,531 25,031 25,131 Water and Sewer Projects 157,882 12,135,000 1,920,000 10,195,000
Water Tank Maintenance - 600,000 600,000 -
Expenditures Total Expenses 157,882 12,735,000 2,520,000 10,195,000

Transfer to General Fund - - - - Adjustments 23,156,815 - - -
Cash & Investments, Ending
28,821,565
24,622,753

17,881,815

Total Expenditures - - - -
Water and Sewer Capital Projects Fund Expenses
Fund Balance, Ending 24,431 24,531 25,031 25,131
$14
$12
Street Assessments Fund Ending Fund Balance $10
$30,000 Millions $8
$6
$22,500 $4
$2
$15,000
$0
Actual 2022 Adopted 2023 Projected 2023 Proposed 2024
$7,500
$0
Actual 2022 Adopted 2023 Projected 2023 Proposed 2024