Page 169 - CityofHaltomFY24Budget

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

Business-like Activities: Budgeted Projected Projected Projected Projected
The Water and Sewer Fund is a significant contributor to the city’s overall services. Haltom City Rate Changes effective 4/1/2022 2024 2025 2026 2027 2028
purchases water and sewer treatment from our neighboring City of Fort Worth, as do many of the Water Rates
surrounding cities. The current year’s sewer rates reflected Fort Worth’s 14% increase in rates Base Charge $17.50 $18.03 $18.57 $19.12 $19.70
Residential & Multi-Family
and 4% for infrastructure cost. Water and sewer’s projected future rate increase of 3% in the Consumption Charge 0-1,000 0.00 0.00 0.00 0.00 0.00
years FY2025 to FY2028 align with the costs of service and ongoing capital projects. The city has Consumption Charge 1,001 - 4,000 6.00 6.18 6.37 6.56 6.75
collaborated with a firm to ensure the sustainability and fairness of these rates with yearly analysis, Consumption Charge 4,001 - 8,000 8.40 8.65 8.91 9.18 9.45
forecasting, and necessary rate adjustments. The City also had a 2% increase for contracted solid Consumption Charge 8,001 - 15,000 10.25 10.56 10.87 11.20 11.54
Consumption Charge 15,001 +
11.96
11.27
11.61
12.32
12.68
trash pickup services. Commercial
Consumption Charge 0-1,000 8.40 8.65 8.91 9.18 9.45
Rates for the Drainage Utility Fund in Fiscal Year 2024 remain unchanged for both residential Consumption Charge 1,001 - 4,000 8.40 8.65 8.91 9.18 9.45
9.83
9.55
and commercial properties. A future budget will allocate resources for a new study to determine Consumption Charge 4,001 - 8,000 9.00 9.27 10.18 10.49 10.13
Consumption Charge 8,001 - 15,000
9.89
10.80
9.60
appropriate rates for additional capital projects, emphasizing a data-driven approach to utility Consumption Charge 15,001 + 10.20 10.51 10.82 11.15 11.48
planning. Industrial Heavy
Consumption Charge 0-1,000 8.20 8.45 8.70 8.96 9.23
Haltom City’s Multi-Year Financial Outlook showcases a proactive and balanced approach to fiscal Consumption Charge 1,001 - 4,000 8.20 8.45 8.70 8.96 9.23
Consumption Charge 4,001 - 8,000
8.20
8.45
8.96
8.70
9.23
management. Prioritizing revenue growth, responsible expenditure, employee compensation, Consumption Charge 8,001 - 15,000 8.20 8.45 8.70 8.96 9.23
infrastructure needs, and debt management strategically positions the city for continued financial Consumption Charge 15,001 + 8.20 8.45 8.70 8.96 9.23
stability and service excellence. The City is also committed to building reserves ensuring resilience Industrial Light & Hydrant
during economic uncertainties characterized by foresight, adaptability, and a commitment to both Consumption Charge 0-1,000 8.40 8.65 8.91 9.18 9.45
fiscal responsibility and community well-being. Consumption Charge 1,001 - 4,000 8.40 8.65 8.91 9.18 9.45
8.65
8.40
8.91
9.18
9.45
Consumption Charge 4,001 - 8,000
Consumption Charge 8,001 - 15,000 8.40 8.65 8.91 9.18 9.45
MULTI-YEAR FINANCIAL OUTLOOK Consumption Charge 15,001 + 8.40 8.65 8.91 9.18 9.45
WATER AND SEWER FUND Sprinkler
Budgeted Projected Projected Projected Projected Consumption Charge 0-1,000 8.40 8.65 8.91 9.18 9.45
2024 2025 2026 2027 2028 Consumption Charge 1,001 - 4,000 8.40 8.65 8.91 9.18 9.45
Fund Balance, Beginning 11,747,164 7,419,561 6,323,231 6,199,246 6,416,220 Consumption Charge 4,001 - 8,000 9.00 9.27 9.55 9.83 10.13
Consumption Charge 8,001 - 15,000 10.25 10.56 10.87 11.20 11.54
REVENUES $26,053,200 $27,876,924 $29,270,770 $30,734,309 $32,271,024 Consumption Charge 15,001 + 11.27 11.61 11.96 12.32 12.68
Percent increase/(decrease) from previous year 6.8% 7.0% 5.0% 5.0% 5.0% Oil and Gas Well Drillers
Consumption Charge All Volumes 16.23 16.72 17.22 17.73 18.27
EXPENDITURES $32,880,803 $31,616,157 $30,996,232 $32,081,100 $33,203,939 City Accounts
Percent increase/(decrease) from previous year 5.3% -3.8% -2.0% 3.5% 3.5% Consumption Charge 0-1,000 0.00 0.00 0.00 0.00 0.00
Consumption Charge 1,001 - 4,000 6.00 6.18 6.37 6.56 6.75
Revenues Over/(Under) Expenditures (6,827,603) (3,739,233) (1,725,462) (1,346,792) (932,915) Consumption Charge 4,001 - 8,000 6.00 6.18 6.37 6.56 6.75
Consumption Charge 8,001 - 15,000 6.00 6.18 6.37 6.56 6.75
Non-cash adjustments: Consumption Charge 15,001 + 6.00 6.18 6.37 6.56 6.75
Depreciation/Amortization/Others 2,500,000 2,625,000 2,756,250 2,894,063 3,038,766 (Consumption Charges per 1,000 Gallons)
Sewer
ENDING FUND BALANCE 7,419,561 6,305,328 7,354,019 7,746,517 8,522,071 Base Charge 17.70 15.25 16.01 16.81 17.65

Com Vol Chg (per 1,000 gal) surcharge included 4.84 5.08 5.34 5.60 5.88
Fund Balance Target (20% Expenditures) $6,576,161 $6,323,231 $6,199,246 $6,416,220 $6,640,788 Com/Res Vol Charge (per 1,000 gal) 6.96 7.31 7.67 8.06 8.46

Percent of current year Expenditures 23% 20% 24% 24% 26%