Page 169 - HaltomCityFY25Budget

City Of Haltom City Annual Budget, FY2025 Supplemental Information

Business-like Activities:

The Water and Sewer Fund is a significant contributor to the city’s overall services. Haltom City purchases
water and sewer treatment from our neighboring City of Fort Worth, as do many of the surrounding cities.
The current year’s 3.5% increase water rates and 2.76% increase for sewer reflect Fort Worth’s wholesale
rate increases, implemented as a pass-through. To support essential upcoming drainage projects, a 6.5%
stormwater fee increase was implemented. Projected rate increases of 3% annually from FY2025 to FY2028
are designed to align with service costs and ongoing capital improvements. To ensure sustainability, the City
collaborates with experts for annual rate analysis, forecasting, and adjustments. Additionally, contracted
solid waste services saw a 5% increase, while a 10% reduction in the cost of 65-gallon recycling bins was
introduced to encourage more residents to participate in recycling efforts.

Haltom City’s Multi-Year Financial Outlook showcases a proactive and balanced approach to fiscal
management. Prioritizing revenue growth, responsible expenditure, employee compensation, infrastructure
needs, and debt management, strategically positions the city for continued financial stability and service
excellence. The City is also committed to building reserves ensuring resilience during economic uncertainties
characterized by foresight, adaptability, and a commitment to both fiscal responsibility and community
well-being.

MULTI-YEAR FINANCIAL OUTLOOK
WATER AND SEWER FUND
Adopted Projected Projected Projected Projected
2025 2026 2027 2028 2029
Fund Balance, Beginning 11,172,777 10,379,556 10,175,054 10,607,559 11,418,252

REVENUES $28,125,800 $29,532,090 $31,008,695 $32,249,042 $33,216,514
Percent increase/(decrease) from previous year 8.0% 5.0% 5.0% 4.0% 3.0%

EXPENDITURES $31,419,021 $32,361,592 $33,332,439 $34,332,413 $35,465,382
Percent increase/(decrease) from previous year -4.4% 3.0% 3.0% 3.0% 3.3%

Revenues Over/(Under) Expenditures (3,293,221) (2,829,502) (2,323,745) (2,083,370) (2,248,869)

Non-cash adjustments:
Depreciation/Amortization/Others 2,500,000 2,625,000 2,756,250 2,894,063 3,038,766

ENDING FUND BALANCE 10,379,556 10,175,054 10,607,559 11,418,252 12,208,149

Fund Balance Target (20% Expenditures) $6,283,804 $6,472,318 $6,666,488 $6,866,483 $7,093,076

Percent of current year Expenditures 33% 31% 32% 33% 34%

Fund Balance Target (20% Expenditures)