Page 364 - HasletFY24AdoptedBudget

GENERAL FUND
OVERALL BUDGET SUMMARY

FY 2023 FY 2024
CURRENT PROJECTED PROPOSED
BUDGET YEAR END BUDGET
Fund Balance, October 1, $ 10,528,268 $ 10,528,268 $ 9,812,019
Revenues
Franchise Fees $ 359,500 $ 359,500 $ 359,500
Property Tax $ 3,432,029 $ 3,433,829 $ 4,284,214
Property Tax Grant to Amazon $ (410,179) $ (410,179) $ (519,368)
City Portion TIRZ $ (215,542) $ (215,548) $ (260,007)
Sales Tax $ 1,964,860 $ 2,929,100 $ 2,929,100
Oil/Gas Lease/Royalty $ 20,000 $ 20,000 $ 20,000
Permits/Licenses/Insp $ 1,527,900 $ 1,620,000 $ 1,744,900
Fines & Forfeitures $ 140,000 $ 140,000 $ 140,000
Charges for Services $ 700 $ 700 $ 700
Miscellaneous $ 191,900 $ 191,900 $ 191,900
Operating Revenues $ 7,011,168 $ 8,069,302 $ 8,890,939
Operating Transfers In:
Type A $ 6,890 $ 6,890 $ 6,890
Type B $ 6,890 $ 6,890 $ 6,890
Total Transfers In $ 13,780 $ 13,780 $ 13,780
Total Available Resources $ 17,553,216 $ 18,611,350 $ 18,716,738
Expenditures
Administration $ 213,108 $ 183,257 $ 309,850
City Secretary $ 170,890 $ 170,825 $ 183,554
Fire $ 1,621,707 $ 1,620,403 $ 1,806,393
Streets $ 155,500 $ 155,500 $ 306,500
Parks $ 472,466 $ 478,766 $ 659,479
Court $ 206,271 $ 206,271 $ 214,850
Library $ 413,337 $ 410,787 $ 414,923
Inter Services $ 61,342 $ 56,874 $ 156,757
Policing Services $ 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 $ - $ - $ -
Engineering & Planning Contracted $ 139,300 $ 289,300 $ 289,300
Finance $ 285,893 $ 285,893 $ 293,174
Economic Development $ 43,200 $ 43,200 $ 43,200
Public Works - Shared $ 369,093 $ 414,193 $ 494,446
IT/Admin $ 261,697 $ 261,197 $ 324,146
Operating Expenditures $ 6,292,476 $ 6,144,913 $ 7,643,445
Fund Balance Effect
Increase/(Decrease) 732,472 1,938,169 1,261,274
Transfers in for Project 2025
Type A $ - $ - $ -
Type B $ - $ - $ -
Total Transfers in for Project 2025 $ - $ -
Capital Project Expenditure
Project 2025 $ - $ - $ -
Operating Transfers Out
19 Capital Projects Fund $ 2,447,779 $ 2,447,779 $ 643,376
30 Haslet Parkway (Atmos) $ 130,639 $ 130,639
Parks Board $ 62,400 $ 62,400 $ 62,400
Parks Board -Matching $ 6,800 $ 6,800 $ 8,620
Library Board- Matching $ 6,800 $ 6,800 $ 8,620
Transfer to Debt Service AJE $ - $ - $ -
Total Operating Transfers Out $ 2,654,418 $ 2,654,418 $ 723,016
Fund Balance, September 30 $ 8,606,322 $ 9,812,019 $ 10,350,277
Fund Balance as % of Exp 136.8% 159.7% 135.4%
Contingency @10%
of Operating Expenses $ 629,538 $ 419,819 $ 764,345
Fund Balance Target @50% $ 1,573,119 $ 1,536,228 $ 3,821,723
of Operating Expenses (prior yrs were 25%)
Reserve Surplus/(Shortfall) $ 6,403,665 $ 7,855,972 $ 5,764,210
Haslet Adopted Budget FY 2023-2024 356