Page 38 - HaltomCityFY25Budget

City Of Haltom City Annual Budget, FY2025 Budget Overview

SUMMARY OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
FISCAL YEAR 2025 WITH COMPARISONS TO FISCAL YEARS 2024 AND 2023

ALL FUNDS BY FUND TYPE (PART 1)

→

GOVERNMENTAL FUNDS

Special Revenue Governmental Capital
General Fund Debt Service Fund
Funds Projects Funds

Beginning Balance $41,283,379 $1,921,729 $7,972,229 $36,866,659

BUDGETED REVENUES
Property Taxes 15,501,169 6,866,380 688,169 -
Sales & Other Taxes 14,079,000 - 2,775,000 3,300,000
Franchise Fees 4,226,000 - 35,000 -
Licenses/Permits/Fees 1,056,520 - 80,000 -
Intergovernmental Revenues 65,750 - 2,930,594 -
Charges For Service 1,722,050 - 55,500 -
Fines & Fees 918,900 - 59,000 -
Bond Proceeds - - - -
Miscellaneous Revenues 1,297,675 120,000 247,300 1,192,500
Interfund Transfers 1,910,976 - 26,000 1,225,000
TOTAL REVENUES 40,778,040 6,986,380 6,896,563 5,717,500

BUDGETED EXPENDITURES
Personnel 33,365,198 - 1,726,154 -
Operations 10,141,484 - 2,973,577 1,688,000
Capital Outlay 838,833 - 916,502 22,489,628
Debt Service - 7,903,999 - -
Interfund Transfers 621,000 - 407,000 1,200,000
TOTAL EXPENDITURES 44,966,515 7,903,999 6,023,233 25,377,628
Reserved Fund Balance/Adjustments (14,170,353) - - -
Ending Balance $22,924,551 $1,004,110 $8,845,559 $17,206,531

GOVERNMENTAL FUNDS
General Fund is the operating fund of the City. This fund is used to account for all financial resources →
not accounted for in other funds.
Debt Service Fund is used to service the City's financing by accumulating of financial resources
for the payment of principal, interest, and related costs on general long-term debts.
Special Revenue Funds are used to account for revenue sources that are legally restricted to
spend for specific purposes.
Governmental Capital Project Funds are used to account for the financing and construction of
major capital facilities or acquisition of major equipment and is financed is primarily through the
issuance of general obligation debts and transfers from other funds.