Page 130 - HaltomCityFY25Budget

City Of Haltom City Annual Budget, FY2025 Capital Project Funds

Actual Actual Actual Target
Engineering Performance Measures
FY2022 FY2023 FY2024 FY2025
Perform private development design reviews * * 16 20
Host private development pre-construction
Goal 1: Continue to Cultivate the Commercial meetings * 6 10 10
and Retail Development Plan for a successful Inspect private development construction projects * * 25 30
Economic Development Environment
Perform private development construction closeout
and project acceptance * 7 2 5
Goal 2: Focus on Competitive Employee Attend technical conferences and seminars
Compensation & Benefits to Retain and Attract
High Quality Staff while maintaining a
Relationships-Driven Culture * 4 7 8
Review and process Utility Construction Permits
Goal 4: Practice Fiscal Responsibility by (ROW Permits) * 243 281 300
utilizing Performance Measures Review, approve and notify stakeholders of
roadway closures * * 46 50
Initiate design on capital improvement projects * 6 1 3
Host pre-construction meeting and initiate
construction on capital improvement projects * * 2 4
Goal 6: Address Critical Facility & Perform CIP construction closeout and project
Infrastructure Needs acceptance * * 1 3
Review and approve floodplain development
permits in accordance with the Floodplain
Development Program * 6 7 8
*Metric not tracked in years prior to FY2024.

CAPITAL PROJECTS FUNDS DESCRIPTION

The City of Haltom City develops a multi-year financial plan for all capital projects in conjunction with the
development of a multi-year operational plan. These capital improvement plans (CIP) are developed during
the budget process and are adopted by the City Council along with the proposed operating budget.
Criterion for Selection and Budgetary Impact: Improvements to be included in the CIP are selected and
prioritized according to the critical nature of the project and the timeliness of available financing for the
project. The following operation impacts are considered:

• Demolition and salvage costs

• Changes in city-wide utility costs, maintenance costs and personnel costs
• Impact of regulatory compliance upon operations

• Impact of avoided costs

• Impact of deferred maintenance
All improvements completed in the CIP budget have a useful life that exceeds the life of the financing. Capital
equipment considered for inclusion in the CIP must have an initial acquisition cost of at least $5,000 and a
useful life of at least 2 years.
Sources of funding for the capital projects include:

• Reserve funds or carryover balances from prior years

• Current resources from operations

• 3/8 cents of sales tax for streets
• Grants and contributions

• Transfers from other funds

• Bond proceeds from tax and revenue supported debts
Funding for the FY2025 capital projects are from fund balances, transfers, sales tax, Grants, General of
Obligation and Certificates of Obligation issued for City Facilities and parks.