Page 156 - HaltomCityFY25Budget

City Of Haltom City Annual Budget, FY2025 Supplemental Information

o The City will strive to maintain accounting policies and practices in the preparation
of its annual financial report. The report will be presented to the Government
Finance Officers Association (GFOA) for review of qualifications that meet those
necessary to obtain the Certificate of Achievement for Excellence in Financial
Reporting.
o In addition, the City will submit its annual budget to GFOA for review to receive
the Distinguished Budget Presentation Award.
3. Staffing
o Staffing levels shall be adequate for the departments of the City to function
effectively.
o Overtime shall be used only to address temporary or seasonal demands that
require excessive hours. Whenever possible, compensatory time (comp time)
shall be offered instead.
o Possible ways to increase efficiency shall be explored before adding staff.
However, the staffing levels shall not be inadequate or marginal such that the
City’s internal controls are jeopardized.

Revenue Objectives

1. Revenue System
o The City shall strive to operate a revenue system that is simple and reliable so
assurances can be provided that the revenue base will materialize according to
budget planning.
o Consistent monitoring and collection policies will be maintained to ensure the
integrity of the revenue system. Revenue collections will be consolidated under
the finance department.
2. Revenue Analysis
o Monthly reports shall be prepared to compare actual revenues to the budget and
to determine the variances and associated corrective action necessary. The
monthly reports will be consolidated into quarterly reports and presented to the
City Council in open session.
3. Fee Schedule
o The City will maintain a centralized list of fees adopted by ordinance and updated
annually by resolution.
o Each year, the City will review its fee structure to ensure that revenue collections
are adequate to meet corresponding expenditures (cost of service concept). Such
reviews will be conducted in concert with the budget preparation process.
4. Administrative/Internal Services
o The Enterprise Funds, being the Water & Sewer Fund and the Drainage Utility
Fund, engage in transactions with other funds of the City. All services rendered by
this fund for other funds of the governmental jurisdiction should be billed at pre-
determined rates, and all services received by this fund from other funds should
be paid for on the same basis that other users are charged.
5. Franchise Fees