Page 45 - HaltomCityFY25Budget
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City Of Haltom City Annual Budget, FY2025 Budget Overview
WHERE THE MONEY GOES - BY EXPENDITURE TYPE
Actual EOY Estimated Budget Change from FY2024 Percent
Expenditure FY2023 FY2024 FY2025 to FY2025
Personnel $30,582,590 $38,008,443 $40,710,457 $2,702,014 7%
Operations 28,026,652 33,999,220 37,175,129 3,175,909 9%
Capital Outlay 24,449,648 39,603,795 51,439,963 11,836,168 30%
Debt Service 8,480,882 9,631,299 8,673,294 (958,005) -10%
Transfers 17,679,674 10,617,585 9,826,976 (790,609) -7%
Total $109,219,445 $131,860,343 $147,825,819 $15,965,476 12%
Personnel – Are the salaries and benefits costs associated with all employees. Council approved a 5%
salary increase and for the City to cover the increased insurance premiums for employees. Four new
positions were added City-wide.
Operations – Decision packages were added this year to help the departments perform their duties
with maximum efficiency. Departments make every opportunity to offset additional cost and inflation,
by find savings in operational expenses. Operational expenses include supplies, maintenance, and
contracts for the operations of the City.
Capital Outlay – Expenditures in capital project funds and large capital purchases are capital outlays.
Many of the projects span multiple years and are expected to increase in FY24 because of the planned
parks, streets, water and sewer, building the new Law Enforcement Center, and the new City Hall
projects.
Debt Service – The debt is used for the accumulation of resources specifically for the payment of both
principal and interest on both general government debt service and proprietary debt service. No new
debt was issued in FY24 or planned in FY25.
Transfers - Fewer transfers are budgeted in FY25 to cover debt service payments, capital project
operations and related debt.
FY2025 ALL FUNDS TOTAL EXPENDITURE $147,825,819
(BY EXPENDITURE TYPE)
Personnel Operations Capital Outlay Debt Service Transfers
$60,000,000
$51,439,963
$50,000,000
$40,710,456.88
$40,000,000 $37,175,129
$30,000,000
$20,000,000
$8,673,294 $9,826,976
$10,000,000
$0