Page 136 - HaltomCityFY25Budget

City Of Haltom City Annual Budget, FY2025 Capital Project Funds

STREET RECONSTRUCTION FUND

The Street Reconstruction fund is to track revenues and expenditures devoted to street construction, repair,
mill and overlay and reconstruction projects. The Street Reconstruction Fund receives 3/8 cents allocation
of the City’s Sales Tax in addition to interest earned on investment balances.

STREET RECONSTRUCTION FUND
BUDGET SUMMARY

Actual Adopted Projected Adopted
FUND 31 FY2023 FY2024 FY2024 FY2025

Fund Balance, Beginning 19,853,663 18,047,430 18,047,430 19,195,320

Revenues
Sales Tax 3,851,197 3,500,000 3,500,000 3,300,000
Interest Income 843,104 118,486 550,000 500,000
Bond Proceeds - - - -
Other Revenues 135,958 - -
Total Revenues 4,830,259 3,618,486 4,050,000 3,800,000

Funds Available 24,683,922 21,665,916 22,097,430 22,995,320

Expenditures
Machinery and Equipment - - - 600,000
Street Reconstruction Projects 167,359 5,320,000 1,516,000 12,005,000
Utility Portion of Capital Projects - - - -
Mill & Overlay 560,830 480,000 480,000 550,000
Other Operating Cost 8,299 - 6,110 8,000
Transfer to General Fund - Streets 900,000 900,000 900,000 1,200,000
Transfer to Drainage Capital 5,000,004 - - -
Total Expenditures 6,636,492 6,700,000 2,902,110 14,363,000
Fund Balance, Ending 18,047,430 14,965,916 19,195,320 8,632,320

Street Reconstruction Fund Expenditures

$16
$14
$12
Millions $10
$8
$6
$4
$2
$0
Actual 2023 Adopted 2024 Projected 2024 Proposed 2025