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City Of Haltom City Annual Budget, Fy2024 Supplemental Information City Of Haltom City Annual Budget, Fy2024 Supplemental Information
PROPRIETARY FUND TYPES: ACCOUNTING SYSTEM AND BUDGETARY CONTROL
Enterprise / Business-Type Funds
This fund type is used to account for the provision of fee-based services to residents of the City. +DOWRP &LW\¶V DFFRXQWLQJ DQG ILQDQFLDO UHSRUWLQJ V\VWHP IROORZV WKH SULQFLSOHV HVWDEOLVKHG E\
These funds include the Water and Sewer Fund and the Drainage Fund. All activities necessary WKH Governmental Accounting Standards Board *$6% DQG *)2$ V EHVW SUDFWLFHV. An
to provide such services are accounted for in this fund, including, but not limited to, public works annual audit of the City’s system is performed E\ DQ LQGHSHQGHQW SXEOLF DFFRXQWLQJ ILUP ZLWK
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service. Billing and collection services are shared between the two funds. Operation oversight
of the Enterprise Funds is the responsibility of Public Works. Utility Billing and Collection is a The &LW\ V JRYHUQPHQWDO DQG SURSULHWDU\ IXQGV are groupHG E\ W\SH (ach fund are self-
function of the Finance Department. balancing ZLWK accounts FRPSULVLQJ RI assets, GHIHUUHG RXWIORZ RI UHVRXUFHV liabilities,
GHIHUUHG LQIORZV RI UHVRXUFHV retained earnings/fund balance, revenues and expenses/
expenditures 7KH &LW\¶V DFFRXQWLQJ UHFRUGV IRU WKH :DWHU DQG 6HZHU )XQG and the Drainage
5HODWLRQVKLS EHWZHHQ WKH FLW\¶V EXGJHWLQJ XQLWV DQG IXQG VWUXFWXUH IRU ¿QDQFLDO UHSRUWLQJ )XQGV SURSULHWDU\ IXQGV are maintained on an accrual basis whereby revenues and expenses
are recorded in the accounting period in which they are earned or incurred. The remainder of
the &LW\¶V IXQGV DUH PDLQWDLQHG RQ WKH PRGLILHG DFFUXDO EDVLV ZKHUHE\ UHYHQXH LV UHFRUGHG
ZKHQ measurable and available and expenditures are recorded when the liability is incurred
except for interest on general long-term debt.
Funds 2QH RI WKH REMHFWLYHV RI WKH &LW\¶V ILQDQFLDO DFFRXQWLQJ V\VWHP LV WR SURYLGH LQWHUQDO FRQWUROV
Special Capital Business Internal controls are designed to provide reasonable, but not absolute, assurance regarding
Departments General Revenue Projects Type the safeguarding of assets against loss from unauthorized use or disposition and the
City Manager's Office D reliability of ILQDQFLDO UHFRUGV IRU SUHSDULQJ ILQDQFLDO VWDWHPHQWV DQG PDLQWDLQLQJ
City Secretary D DFFRXQWDELOLW\ IRU DVVHWV The concept of reasonable assurance recognizes that the cost of a
City Council D control should not exceed WKH EHQHILWV OLNHO\ WR EH GHULYHG DQG WKH HYDOXDWLRQ RI FRVWV DQG
Finance D EHQHILWV UHTXLUHV HVWLPDWHV DQG judgment by management.
Human Resources D
Planning & Inspections D Budgetary Control is accomplished by the adoption of an annual operating budget for various
Information Technology D D funds of the City. Detail control is accomplished by maintaining appropriations and expended
Fleet Services D balances by line item account within each operating department within each budgeted
Building Maintenance D fund. Purchase orders or payments that would result in an over expenditure of a line item
Police D D account are not processed without the approval of the Finance Director or the City Manager.
Fire D D
Municipal Court D D
Public Works D BASIS OF BUDGETING
Streets D D D
Water & Sewer D D 7KH ILQDQFLDO GDWD WKURXJKRXW WKLV GRFXPHQW IRU DOO IXQGV LV SUHVHQWHG E\ XVLQJ D FDVK EDVLV
Drainage D D of budgeting. This means that expenditures and revenues are measured and forecasted
Parks & Recreation D D D on DQ LQIORZ RXWIORZ EDVLV IRU WKH PRQWKV WKDW FRPSULVH WKH EXGJHW \HDU &DSLWDO RXWOD\
Library D D DQG debt service are included in the Water and Sewer Fund budget as a budgetary control of
Economic Development D cash expenditures. Under Generally Accepted Accounting Principles (GAAP), these items
Non-Departmental D D D will be reported as additions to capitalized assets and as a reduction of a liability, respectively.
Certain accounting adjustments based on GAAP will be applied when the City closes its
books for the year but these types of adjustments are not part of the budget presentation.
The application of *$$3 IRUPV WKH EDVLV RI DFFRXQWLQJ IRU WKH FLW\ XVLQJ WKH FDVK DFFUXDO DQG
PRGLILHG DFFUXDO PHWKRGV RI UHYHQXH DQG H[SHQGLWXUH PHDVXUHPHQW :KHUH DSSOLFDEOH WKH
HIIHFW RI WKHVH HQG of-year adjustments for historical data has been reversed to maintain the
cash basis of budgeting consistently throughout the document.