Page 157 - HaltomCityFY25Budget

City Of Haltom City Annual Budget, FY2025 Supplemental Information

o The Enterprise Funds will pay a franchise fee based on the same rationale as used
with the electric, gas, and telephone companies. A franchise fee is paid to
compensate the City for public property, street, and alley usage.

Expenditure Objectives

1. Interim Reporting
o Monthly reports shall be prepared showing actual expenditures compared to the
original budget. Each monthly report will be consolidated into quarterly reports
which contain an executive summary disclosing significant trends affecting the
financial performance of the City. These reports will be presented to the City
Council in open session.
2. Budget Amendments
o Modifications to the approved annual budget may be made within the following
specific guidelines:
▪ Modifications within the operating categories (supplies, maintenance,
services, and sundry) may be made with Finance Director approval.
▪ Modifications within the personnel and capital categories may be made
with the approval of the City Manager.
▪ Modifications to reserve categories, inter-fund totals, or overall budget
increases shall be done only with City Council consent, after a public
hearing held in accordance with the City Charter and applicable State law.
3. Performance Measures
o Performance measures and productivity indicators shall be used as expenditure
guidelines. The measures will be illustrative of departmental and organizational
goals. These measures will be reviewed annually for efficiency and effectiveness.
This information shall be included in the annual budgeting process and in the
approved budget document. Further, performance and productivity data will be
reported to the City Council periodically throughout the fiscal year.

Budget Concepts

1. Balanced Budget
o The budget should be balanced with current, reoccurring revenues equal to or
greater than current, reoccurring expenditures. To accomplish this aim, emphasis
will be placed first on identifying opportunities to reduce costs while maintaining
service quality, encouraging increased productivity and recovering costs through
fees.
o Reserves exceeding the required levels may be used for one-time expenditures.
Non-essential services that cannot generate revenues to support some or all
operations may be reduced or eliminated.
o Tax increases will be considered only in the event that the above strategies fail to
address essential service levels that cannot be reduced.