Page 139 - HaltomCityFY25Budget

City Of Haltom City Annual Budget, FY2025 Capital Project Funds

STREET ASSESSMENTS FUND

The City ceased assessing for street repairs in 1999, but there remain outstanding assessments for 21
projects completed before that time. Revenues from these assessments are highly unpredictable and can
vary significantly, particularly for commercial properties. Payments are typically collected when a property
sale triggers the payment of the outstanding assessment, along with any applicable penalties. Due to the
irregular nature of these revenues, no appropriation has been included in the FY2025 budget.

STREET ASSESSMENTS FUND
BUDGET SUMMARY
Actual Adopted Projected Adopted
FUND 39 FY2023 FY2024 FY2024 FY2025

Fund Balance, Beginning 24,431 25,559 25,559 26,359

Revenues
Assessment Revenue - - - -
Interest from Investments 1,128 100 800 500
Total Revenues 1,128 100 800 500

Funds Available 25,559 25,659 26,359 26,859

Expenditures
Transfer to General Fund - - - -
Total Expenditures - - - -

Fund Balance, Ending 25,559 25,659 26,359 26,859

Street Assessments Fund Ending Fund Balance
$30,000

$22,500

$15,000

$7,500
$0
Actual 2023 Adopted 2024 Projected 2024 Proposed 2025