Page 17 - CityofHaltomFY24Budget

Adopted Proposed
Budget Budget Increase/ Change
Municipal Infrastructures and Equipment Fund 2023 FY2024 (Decrease) Percent
Operating Funds
General Fund 39,823,837 44,158,982 4,335,145 11%
Debt Service Fund 7,480,549 7,488,984 8,435 0%
One long-term focus has been providing enough funding each year to maintain the City’s existing Special Revenue Funds
infrastructure – primarily streets. Our community continues to face challenges with aging infrastructure Crime Control District Fund 2,225,013 2,222,089 (2,924) 0%
and will be forced to absorb large reconstruction costs in the future if annual maintenance is not sufficiently Oil and Gas Fund - 1,600,000 1,600,000 N/A
funded. Revenues of a 3/8 cent sales tax provides funding for street repairs. Hotel/Motel Tax Fund 44,872 20,700 (24,172) -54%
Court Security Fund 15,000 15,000 - 0%
Court Technology Fund 32,000 40,500 8,500 27%
To meet the critical facility and infrastructure needs, the city built a replacement fire substation, remodeled Juvenile Case Manager Fund 25,000 26,600 1,600 6%
the old library building into the new senior center, provided significant funding for street projects, and Red Light Camera Fund 68,000 79,830 11,830 17%
passed elections to secure funding for both a new law enforcement center and a new city hall. City Council Grant Fund 151,500 197,500 46,000 30%
approved a Series 2022 Certificate of Obligation debt in 2020-2021 for $10 million for additional street PEG Fund 5,000 5,000 - 0%
infrastructure repairs, drainage, and parks projects. The Voters and City Council also approved a series Fire Donation Fund 6,548 8,198 1,650 25%
2022 General Obligation Bond Debt of $25 million to construct a new City Hall Facility scheduled for Library Donation Fund 123,842 50,000 (73,842) -60%
0%
completion in September 2024. Another infrastructure priorities that carried over from the previous Police Forfeiture Fund 16,000 16,000 - -15%
(6,000)
Park Donation Fund
34,500
40,500

budget year(s) was the voter approved series 2021B General Obligation $27 million bond package to build Park Dedication Fund 85,000 105,000 20,000 24%
the new Haltom City Law Enforcement Center which is expected to be completed in the December 2023. Safe Pathways Fund - - -
Animal Shelter Fund 5,000 5,000 - 0%
The City has been playing catch up for the last two years due to our spending reduction related to the Police Donation Fund 30,500 10,000 (20,500) -67%
unknowns of COVID in the recent past budgets. Included in the budget is replacement equipment such as Police CART Fund 1,000 1,000 - 0%
Rubber Tire Front-End Loader, Trench Roller, Portal Bypass Pump, etc. Much of this equipment is twenty Water & Sewer Fund 31,237,606 32,880,803 1,643,197 5%
plus years old and is simply worn out or inoperable. Drainage Utility Fund 2,778,140 2,424,688 (353,452) -13%
Tirz 1 Fund - 414,670 414,670 0%
Tirz 2 Fund - 12,000 12,000 0%
Total Operating Funds $84,194,907 91,817,044 $7,195,467 9%
The Water and Sewer department is funded by water and sewer rates and is not part of the General Fund.
The Water and Sewer Rate Study has been updated to reflect Fort Worth’s 17% upcoming sewer cost
increase in the 2023-2024 budget year. The rate structure continues to meet the industry standards and Capital Improvements
billing methods. The study gives a 5-year outlook for planned revenue requirement to support operations When you replace roads, you must also replace the aging water and sewer utility infrastructure prior
and future Capital Improvement Projects.
to replacing the road surface. The city has committed approximately $72 million to road replacement
and repairs with the funding sources lined up and is looking to bring on another $36 million in future
BUDGET SUMMARY road projects. In the past several years our City Council has committed more to street replacement/
repair than at any time in the past, totaling approximately $98 million putting the tax dollars to work.
Operating expenditures adopted for FY 2023-2024 total of $91.8 million. This total is $7.2 million or more Of the planned projects, the FY 2023-2024 Capital Improvement Budget is $19.4 million for the paving,
than 9% increase than the previous fiscal year’s adopted budget. drainage, and water/sewer projects. Additionally, the city is currently completing the construction of the
Law Enforcement Center in 2023 and City Hall in 2024. Just like other capital projects many items continue
to cross over budget years until their completion.

Adopted Proposed
Budget Budget Increase/ Change
Capital Project Funds 2023 FY2024 (Decrease) Percent
Street Reconstruction Fund 12,623,000 6,700,000 ($5,923,000) -47%
Capital Improvement Fund 20,477,000 32,102,128 11,625,128 57%
Capital Replacement Fund 850,000 900,000 50,000 6%
Street Assessments Fund 0 - 0 0%
Water & Sewer Utility Projects Fund 12,735,000 10,195,000 (2,540,000) -20%
Water and Sewer Impact Fees Fund 230,000 160,000 (70,000) 0%
Drainage Capital Projects Fund 6,427,500 3,830,000 (2,597,500) -40%
Total Capital Project Funds $53,342,500 $53,887,128 $544,628 1%