Page 134 - HaltomCityFY25Budget

City Of Haltom City Annual Budget, FY2025 Capital Project Funds

Capital Improvement Fund (32)

The Capital Projects Fund accounts for projects financed with resources from governmental funds, grants,
and tax-supported debt. For FY2024 projects, expenditures totaled $32 million and another $9.8 million was
budgeted in FY2025 to complete the new City Hall, Law Enforcement building, and extensive North Park
improvements. Also included was the City’s fiber project expected to by completed by the end of 2026.

Capital Replacement Fund (35)

The Capital Replacement Fund serves as a dedicated financial resource for the municipality to ensure the
timely replacement of essential vehicles and equipment. By allocating funds annually, the municipality can
plan for, and address capital asset needs proactively, avoiding disruptions in operations and reducing the
financial burden of unplanned expenses. This fund helps maintain the efficiency, reliability, and safety of
municipal services, supporting long-term fiscal responsibility and operational sustainability. In fiscal 2025,
$1.225 million is schedule for funding.

Water & Sewer Utility Projects Fund (42) and Impact Fees Fund (44)

Water and Sewer Utility Projects Fund:

The Water and Sewer Utility Projects Fund is established to manage and finance capital improvements,
expansions, and maintenance of the municipality’s water and sewer systems. This fund ensures that resources
are available to support critical infrastructure projects, such as upgrading treatment facilities, replacing
aging pipelines, or extending services to new areas. The goal is to ensure the reliable delivery of clean water
and efficient wastewater management, while also meeting regulatory compliance and supporting the long-
term sustainability of the utility systems. Total budget of $ 22.2 million of which $19,125,000 is for water
and sewer projects and another $3 million transferred to the Drainage Capital Fund to support the related
drainage projects.
Impact Fee Fund:

The Impact Fee Fund is used to collect and allocate fees charged to developers for the purpose of offsetting
the costs of infrastructure improvements needed to support new development. These fees help ensure
that growth-related infrastructure demands, such as roads, water and sewer systems, parks, and public
safety facilities, are funded without placing the financial burden on existing taxpayers. The fund promotes
equitable development by ensuring that new growth pays for its proportionate share of the infrastructure
required to maintain the quality of municipal services.

Major projects for Water & Sewer Utility Projects Fund are described in more detail:

Thomas Road Sanitary Sewer Siphon. Project includes the replacement and rerouting of the sanitary sewer
siphon crossing Thomas Road. Construction is underway and expected to be completed by January 2025.

Eden Ave & Zelma Water Line Improvements. Project is funded by the 50th year CDBG funding and includes
the replacement and upsizing of the existing water main with limited pavement replacement. Design is
underway and expected to be complete by Summer 2025.