Page 44 - HaltomCityFY25Budget

City Of Haltom City Annual Budget, FY2025 Budget Overview

WHERE THE MONEY COMES FROM - BY FUND TYPE

Actual EOY Estimated Budget Change from FY2024
Revenue FY2023 FY2024 FY2025 to FY2025 Percent
General Fund $ 50,470,552 $ 42,973,860 $ 40,778,040 ($2,195,820) -5%
Debt Service Fund 9,490,563 7,379,461 6,986,380 (393,081) -5%
Special Revenue Funds 4,176,458 4,688,365 6,896,563 2,208,197 47%
Capital Project Funds 23,150,518 15,105,800 17,611,500 2,505,700 17%
Water and Sewer Fund 27,102,082 26,168,500 28,125,800 1,957,300 7%
Drainage Fund 2,001,948 1,876,500 2,072,500 196,000 10%
Total $116,392,120 $98,192,486 $102,470,783 $4,278,297 4%

General Fund is the general operating fund of the City. It provides a broad spectrum of programs and
services such as police, fire, parks and recreation, public works, and administrative services. Most of the
revenue comes from property tax, sales taxes, franchise fees, permits & inspections. Total General Fund
revenue is 5% lower because of less transfers than in the previous budget.

Debt Service Fund is used for the accumulation of resources specifically for the payment of both principal
and interest on long-term governmental debt. Financing is provided primarily by property tax and transfers
from other resources.

Special Revenue Funds are used to account for revenue sources that are legally restricted to be spent
for specified purposes, meaning they must be spent for specific purposes outlined by law or regulation.
Revenues generally include sales tax, special fees, and donations.

Capital Project Funds are used to account for all major capital improvements financed certificates of
obligation, general obligation bonds, intergovernmental grants, developer contributions, and other
designated resources.

Water and Sewer Fund provides water and sewer services to the City. Major revenue comes from charges
for services. Increases in revenues are mainly due to new commercial water and sewer accounts. Revenues
help cover operational and capital expenditures.
Drainage Fund is for recording revenues and expenses related to watershed and storm water drainage
improvements. Drainage capital projects are important for improving drainage areas where watercan
accumulate and cause flooding.

FY2025 ALL FUNDS TOTAL REVENUE $102,470,783
(BY FUND TYPE)
45,000,000 40,778,040
40,000,000
35,000,000
30,000,000 28,125,800
25,000,000
20,000,000 17,611,500
15,000,000
10,000,000 6,986,380 6,896,563
5,000,000 2,072,500
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General Fund Debt Service Fund Special Revenue Funds Capital Project Funds Water and Sewer Fund Drainage Fund