Page 196 - CityofHaltomFY24Budget
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City Of Haltom City Annual Budget, Fy2024 Supplemental Information
Long Term Debt: Debt with a maturity of more than one year after the date of issuance.
Operating Budget: The portion of the budget that pertains to daily operations that provide basic
governmental services. The operating budget contains appropriations for such expenditures as
personnel, supplies, utilities, materials, travel, and fuel.
Operating Fund: The City classifies General and Enterprise Funds as Operating Funds.
Payment in Lieu of Taxes: A payment that a property owner not subject to taxation makes to
a government to compensate it for services that the property owner receives that normally are
financed through property taxes.
Performance Measures: Specific quantitative and qualitative measures of work performed as an
objective of the department.
Property Tax: Property taxes are levied on both real and personal property according to the
property’s valuation and the tax rate.
Proprietary Funds: Funds that focus on the determination of operating income, changes in net
assets, financial position, and cash flows. There are two different types of proprietary funds:
enterprise funds and internal service funds.
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