Page 39 - CityofHaltomFY24Budget

City Of Haltom City Annual Budget, Fy2024 Budget Overview City Of Haltom City Annual Budget, Fy2024 Budget Overview

SUMMARY OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE SUMMARY OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
FISCAL YEAR 2024 WITH COMPARISONS TO FISCAL YEARS 2023 AND 2022 FISCAL YEAR 2024 WITH COMPARISONS TO FISCAL YEARS 20223AND 2022
ALL FUNDS BY FUND TYPE (PART 1) ALL FUNDS BY FUND TYPE (PART 2)
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GOVERNMENTAL FUNDS PROPRIETARY FUNDS TOTAL ALL FUNDS

Special Governmental
Debt Service Proprietary
General Fund Revenue Capital Projects Water & Sewer Drainage Utility FY2024 Adopted Y2023 Estimated FY2022 Actual
F
Fund Capital Projects
Funds Funds Fund Fund Total Total Total
Funds
Beginning Balance $27,089,103 $2,494,713 $6,856,688 $64,016,284
$11,747,164 $697,110 $39,506,662 $152,407,723 $164,862,135 $156,998,888
BUDGETED REVENUES
Property Taxes 13,290,015 7,151,428 - -
- - - 20,441,443 19,089,306 18,569,485
Sales & Other Taxes 13,660,000 - 2,679,781 3,500,000
- - - 19,839,781 19,336,619 19,082,541
Franchise Fees 3,380,000 - 50,000 -
Licenses/Permits/Fees 1,058,700 - 250,000 - - - - 3,430,000 3,627,546 3,527,393
- - 425,000 1,733,700 1,333,700 1,715,459
Intergovernmental Revenues 132,500 - 704,355 -
- - - 836,855 505,500 466,227
Charges For Service 1,851,573 - 59,500 -
Fines & Fees 915,024 - 72,000 - 25,200,000 1,852,500 - 28,963,573 27,165,700 27,739,821
565,000 - - 1,552,024 1,935,220 2,083,952
Bond Proceeds - - - - - - - - 300,000 6,412,385
Miscellaneous Revenues 799,690 213,588 75,046 465,989
288,200 10,000 236,673 2,089,186 5,369,959 1,102,466
Interfund Transfers 3,107,976 - 667,609 850,000
TOTAL REVENUES 38,195,478 7,365,016 4,558,291 4,815,989 - - 6,000,000 10,625,585 15,955,000 12,034,896
26,053,200 1,862,500 6,661,673 89,512,146 94,618,550 92,734,624

BUDGETED EXPENDITURES
Personnel 30,763,897 - 770,766 - $4,644,864 $610,697 - 36,790,224 33,046,412 $28,052,996
Operations 10,328,306 - 2,370,991 480,000 19,375,262 1,178,367 260,000 33,992,926 28,191,902 $23,844,211
Capital Outlay 1,549,170 - 82,830 38,322,128 982,000 127,000 13,925,000 54,988,128 22,825,200 $9,365,603
Debt Service - 7,488,984 - - 1,549,701 268,624 - 9,307,309 9,332,252 $14,262,741
Interfund Transfers 1,517,609 - 1,639,000 900,000 6,328,976 240,000 - 10,625,585 15,955,000 $12,034,896
TOTAL EXPENDITURES 44,158,982 7,488,984 4,863,587 39,702,128 32,880,803 2,424,688 14,185,000 145,704,172 109,350,766 87,560,447
Reserved Fund Balance/Adjustments (9,399,027) - - - 2,500,000 450,000 - (6,449,027) 2,691,542 2,689,069
Ending Balance $11,726,571 $2,370,744 $6,551,392 $29,130,145 $7,419,561 $584,923 $31,983,335 $89,766,671 $152,821,461 $164,862,135
GOVERNMENTAL FUNDS → PROPRIETARY FUNDS
General Fund is the operating fund of the City. This fund is used to account for all financial resources Water and Sewer Fund is used to account for the operations of the water and sewer system.
not accounted for in other funds. Drainage Utility Fund is used to track revenues and expenses related to watershed and storm
Debt Service Fund is used to service the City's financing by accumulating of financial resources
for the payment of principal, interest, and related costs on general long-term debts. drainage improvements.
Special Revenue Funds are used to account for revenue sources that are legally restricted to Proprietary Capital Project Funds are used to account for the financing and construction of
spend for specific purposes. major capital facilities or acquisition of major equipment for water and sewer system and
Governmental Capital Project Funds are used to account for the financing and construction of drainage related projects that are not funded by governmental funds.
major capital facilities or acquisition of major equipment and is financed is primarily through the
issuance of general obligation debts and transfers from other funds.