Page 168 - HaltomCityFY25Budget

City Of Haltom City Annual Budget, FY2025 Supplemental Information

MULTI-YEAR FINANCIAL OUTLOOK
GENERAL FUND
Adopted Projected Projected Projected Projected
2025 2026 2027 2028 2029
Fund Balance, Beginning 41,283,379 37,094,904 32,378,926 27,752,395 22,585,861
REVENUES
Property Taxes $15,501,169 $15,656,181 $16,438,990 $16,603,380 $17,433,549
Sales & Other Taxes 14,079,000 14,642,160 15,227,846 15,836,960 16,470,439
Franchise Fees 4,226,000 4,143,137 4,061,899 3,982,254 3,904,171
Licenses & Permits 1,056,520 1,088,216 1,120,862 1,154,488 1,189,123
Charges For Services 1,722,050 1,773,712 1,826,923 1,881,731 1,938,182
Fines and Fees 918,900 923,495 928,112 932,753 937,416
Other Revenues 1,363,425 1,404,328 1,446,458 1,489,851 1,534,547
Transfers 1,910,976 1,968,305 2,027,354 2,088,175 2,150,820
Total Revenues $40,778,040 $41,599,533 $43,078,444 $43,969,591 $45,558,247
Percent increase/(decrease) from previous year 6.8% 2.0% 3.6% 2.1% 3.6%

EXPENDITURES $44,966,515 $46,315,510 $47,704,976 $49,136,125 $50,610,209
Percent increase/(decrease) from previous year 1.8% 3.0% 3.0% 3.0% 3.0%

Revenues Over/(Under) Expenditures (4,188,475) (4,715,978) (4,626,531) (5,166,534) (5,051,962)

Reserved (i.e. Encumbrances, Prepaids etc..) (14,170,353) (10,900,272) (8,384,824) (5,989,160) (4,277,972)

ENDING FUND BALANCE 22,924,551 21,478,655 19,367,570 16,596,701 13,255,927

Fund Balance Target (20% Expenditures) $8,993,303 $9,263,102 $9,540,995 $9,827,225 $10,122,042

Percent of current year Expenditures 51% 46% 41% 34% 26%