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
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