Page 161 - CityofHaltomFY24Budget

City Of Haltom City Annual Budget, Fy2024 Supplemental Information City Of Haltom City Annual Budget, Fy2024 Supplemental Information

Fund structure Special Revenue Funds
The accounts of the City of Haltom City are organized on the basis of funds, each of which is 7KH 6SHFLDO 5HYHQXH )XQGV DUH XVHG WR DFFRXQW IRU WKH VSHFL¿F UHYHQXH VRXUFHV WKDW DUH OHJDOO\
considered to be a separate accounting entity. The operations of each fund are summarized as UHVWULFWHG WR H[SHQGLWXUH IRU VSHFL¿HG SXUSRVHV )LQDQFLQJ LV SURYLGHG E\ SURJUDP FKDUJHV
follows: contributions, hotel occupancy tax, sales tax and cable franchise fee. Current Special Revenue
Funds include:

x Crime Control and Prevention District, administered by Police Department.
Governmental fund types
x Oil and Gas Fund, administered by Finance Department.

x +RWHO 0RWHO 7D[ )XQG DGPLQLVWHUHG E\ &LW\ 0DQDJHU¶V 2IILFH
General Fund
x Court Security Fund, administered by Finance Department and Municipal Court.
x Court Technology Fund, administered by Finance Department and Municipal Court.
The General Fund is the operating fund of the City. All general tax revenues and other receipts
that are not restricted by law or contractual agreement to some other fund are accounted for in x Juvenile Case Manager Fund, administered by Finance Department and Municipal Court.
WKLV IXQG 7KH *HQHUDO )XQG UHFRUGV JHQHUDO RSHUDWLQJ H[SHQGLWXUHV IL[HG FKDUJHV DQG FDSLWDO
improvement costs that are not paid through other funds. Activities operating in the General Fund x Red Light Camera Fund, administered by Police Department.
include: x Grant Fund administered by Finance Department and grantor departments.
x PEG Fund administered by Finance Department and Information Technology Department

x *HQHUDO *RYHUQPHQW &LW\ 0DQDJHU¶V 2IILFH &LW\ 6HFUHWDU\ &LW\ &RXQFLO )LQDQFH x Fire Donation Fund, administered by Fire Department.
Purchasing, Human Resources, Planning and Community Development, Information
Technology, Municipal Court and Non-Departmental). x Library Donation Fund, administered by Library.

x Police (Police, Animal Controls, and Code Enforcement) x Police Forfeiture Fund, administered by Police Department.
x Fire x Park Donation Fund, administered by Parks and Recreation Department.

x Public Works (Fleet, Building Maintenance and Streets). x Park Dedication Fund, administered by Parks and Recreation Department.
x Parks and Recreation (Parks, Recreation, Senior Services) x Safe Pathways Fund, administered by Public Works.

x Library x Animal Shelter Fund, administered by Police Department.

x (FRQRPLF 'HYHORSPHQW x Police Donation Fund, administered by Police Department.
x Police CART Fund, administered by Police Department.
x 7D[ ,QFUHPHQW 5HLQYHVWPHQW =RQH 7,5=
Debt Service Fund x 7D[ ,QFUHPHQW 5HLQYHVWPHQW =RQH 7,5=

The Debt Service Fund is used to account for monies accumulated for the payment of principal, Capital Projects Funds
interest, and related costs of general long-term liabilities paid from taxes levied by the City. This is
administered by the Finance Department and considered a Finance function. 7KH &DSLWDO 3URMHFWV )XQGV DUH XVHG WR DFFRXQW IRU WKH ¿QDQFLQJ DQG FRQVWUXFWLRQ RI PDMRU
FDSLWDO IDFLOLWLHV )LQDQFLQJ ZDV SURYLGHG SULPDULO\ E\ WKH VDOH RI JHQHUDO REOLJDWLRQ RU FHUWL¿FDWH
of obligation bonds, sales tax and transfers from other funds. The City’s Capital Projects funds
are currently devoted to general purposes, street, drainage, facilities, water, and sewer projects.
Administration of the capital projects funds is shared between the Finance Department and Public
:RUNV IRU V\VWHP LPSURYHPHQWV DQG WKH )LQDQFH 'HSDUWPHQW DQG WKH DႇHFWHG GHSDUWPHQWV IRU
equipment and facility improvements.