Page 21 - HasletFY24AdoptedBudget

GENERAL FUND
OVERALL BUDGET SUMMARY

FY 2023 FY 2024
FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 CURRENT PROJECTED PROPOSED
ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL BUDGET YEAR END BUDGET
Fund Balance, October 1, $ 1,972,804 $ 2,520,601 $ 5,597,149 $ 6,740,510 $ 7,889,543 $ 10,528,268 $ 10,528,268 $ 9,812,019
Revenues
Franchise Fees $ 286,873 $ 258,896 $ 284,833 $ 296,420 $ 343,612 $ 359,500 $ 359,500 $ 359,500
Property Tax $ 2,157,932 $ 2,140,484 $ 1,997,469 $ 2,180,247 $ 2,658,852 $ 3,432,029 $ 3,433,829 $ 4,284,214
Property Tax Grant to Amazon $ (699,543) $ (517,773) $ (446,868) $ (391,837) $ (453,924) $ (410,179) $ (410,179) $ (519,368)
City Portion TIRZ $ - $ - $ - $ (18,785) $ (92,792) $ (215,542) $ (215,548) $ (260,007)
Sales Tax $ 1,039,169 $ 1,955,269 $ 1,911,783 $ 2,491,504 $ 3,344,957 $ 1,964,860 $ 2,929,100 $ 2,929,100
Oil/Gas Lease/Royalty $ 31,651 $ 25,077 $ 17,288 $ 24,796 $ 38,318 $ 20,000 $ 20,000 $ 20,000
Permits/Licenses/Insp $ 721,759 $ 2,720,617 $ 1,384,177 $ 2,731,934 $ 2,396,922 $ 1,527,900 $ 1,620,000 $ 1,744,900
Fines & Forfeitures $ 289,485 $ 266,802 $ 202,633 $ 151,128 $ 108,572 $ 140,000 $ 140,000 $ 140,000
Charges for Services $ 827 $ 828 $ 567 $ 746 $ 933 $ 7 00 $ 7 00 $ 7 00
Miscellaneous $ 308,713 $ 298,676 $ 161,214 $ 174,101 $ 367,239 $ 191,900 $ 191,900 $ 191,900
Operating Revenues $ 4,136,866 $ 7,148,876 $ 5,513,096 $ 7,640,254 $ 8,712,689 $ 7,011,168 $ 8,069,302 $ 8,890,939
Operating Transfers In:
Type A $ 6,890 $ 6,890 $ 6,890 $ 6,890 $ 6,890 $ 6,890 $ 6,890 $ 6,890
Type B $ 6,890 $ 6,890 $ 6,890 $ 6,890 $ 6,890 $ 6,890 $ 6,890 $ 6,890
Total Transfers In $ 13,780 $ 13,780 $ 13,780 $ 13,780 $ 13,780 $ 13,780 $ 13,780 $ 13,780
Total Available Resources $ 6,123,450 $ 9,683,257 $ 11,124,025 $ 14,394,544 $ 16,616,012 $ 17,553,216 $ 18,611,350 $ 18,716,738
Expenditures
Administration $ 273,532 $ 294,859 $ 335,960 $ 305,707 $ 248,427 $ 213,108 $ 183,257 $ 309,850
City Secretary $ 154,556 $ 165,163 $ 146,589 $ 170,795 $ 124,781 $ 170,890 $ 170,825 $ 183,554
Fire $ 472,704 $ 470,030 $ 566,555 $ 705,666 $ 896,966 $ 1,621,707 $ 1,620,403 $ 1,806,393
Streets $ 72,471 $ 108,697 $ 96,408 $ 166,495 $ 71,413 $ 155,500 $ 155,500 $ 306,500
Parks $ 182,399 $ 254,505 $ 199,570 $ 166,028 $ 229,560 $ 472,466 $ 478,766 $ 659,479
Court $ 150,465 $ 176,930 $ 173,359 $ 164,363 $ 181,658 $ 206,271 $ 206,271 $ 214,850
Library $ 270,468 $ 295,836 $ 305,785 $ 315,964 $ 339,442 $ 413,337 $ 410,787 $ 414,923
Inter Services $ 138,271 $ 142,706 $ 150,237 $ 265,018 $ 266,048 $ 61,342 $ 56,874 $ 156,757
Policing Services $ 656,116 $ 676,033 $ 695,262 $ 733,194 $ 730,471 $ 1,303,211 $ 995,083 $ 1,426,468
EMS Services $ - $ - $ - $ - $ - $ - $ - $ 15,000
Code Enforcement (formerly part of Planning) $ - $ - $ - $ - $ - $ 575,461 $ 573,363 $ 705,406
Planning $ 266,194 $ 307,873 $ 302,018 $ 379,787 $ 462,405 $ - $ - $ -
Engineering & Planning Contracted $ - $ - $ - $ - $ - $ 139,300 $ 289,300 $ 289,300
Finance $ 171,790 $ 177,692 $ 190,936 $ 206,184 $ 236,983 $ 285,893 $ 285,893 $ 293,174
Economic Development $ 63,089 $ 66,733 $ 69,803 $ 72,582 $ 54,427 $ 43,200 $ 43,200 $ 43,200
Public Works - Shared $ 311,670 $ 334,861 $ 355,420 $ 496,220 $ 612,456 $ 369,093 $ 414,193 $ 494,446
IT/Admin $ - $ - $ - $ - $ 10,567 $ 261,697 $ 261,197 $ 324,146
Operating Expenditures $ 3,183,725 $ 3,471,918 $ 3,587,902 $ 4,148,003 $ 4,465,604 $ 6,292,476 $ 6,144,913 $ 7,643,445
Fund Balance Effect
Increase/(Decrease) $ 966,921 $ 3,690,738 $ 1,938,974 $ 3,506,031 $ 4,260,865 732,472 1,938,169 1,261,274
Transfers in for Project 2025
Type A $ 2,576,913 $ - $ - $ -
Type B $ 3,636,290 $ - $ - $ -
Total Transfers in for Project 2025 $ 6,213,203 $ - $ -
Capital Project Expenditure
Project 2025 $ - $ - $ - $ - $ 6,213,203 $ - $ - $ -
Operating Transfers Out
19 Capital Projects Fund $ 355,194 $ 549,932 $ 630,389 $ 2,284,372 $ 994,924 $ 2,447,779 $ 2,447,779 $ 643,376
30 Haslet Parkway (Atmos) $ 551,310 $ 130,639 $ 130,639
Parks Board $ 57,000 $ 57,000 $ 57,000 $ 62,400 $ 62,400 $ 62,400 $ 62,400 $ 62,400
Parks Board -Matching $ 3,465 $ 3,629 $ 4,071 $ 5,113 $ 6,753 $ 6,800 $ 6,800 $ 8,620
Library Board- Matching $ 3,465 $ 3,629 $ 4,071 $ 5,113 $ 6,753 $ 6,800 $ 6,800 $ 8,620
Transfer to Debt Service AJE $ - $ - $ 100,082 $ - $ - $ - $ -
Total Operating Transfers Out $ 419,124 $ 614,190 $ 795,613 $ 2,356,998 $ 1,622,140 $ 2,654,418 $ 2,654,418 $ 723,016
Fund Balance, September 30 $ 2,520,601 $ 5,597,149 $ 6,740,510 $ 7,889,543 $ 10,528,268 $ 8,606,322 $ 9,812,019 $ 10,350,277
Fund Balance as % of Exp 79.2% 161.2% 187.9% 190.2% 235.8% 136.8% 159.7% 135.4%
Contingency @10%
of Operating Expenses $ 629,538 $ 419,819 $ 764,345
Fund Balance Target @50% $ 795,931 $ 867,980 $ 896,976 $ 1,037,001 $ 1,116,401 $ 1,573,119 $ 1,536,228 $ 3,821,723
of Operating Expenses (prior yrs were 25%)
Reserve Surplus/(Shortfall) $ 1,724,670 $ 4,729,170 $ 5,843,535 $ 6,852,542 $ 9,411,867 $ 6,403,665 $ 7,855,972 $ 5,764,210

Haslet Adopted Budget FY 2023-2024 15