Page 46 - HaltomCityFY25Budget

City Of Haltom City Annual Budget, FY2025 Budget Overview

WHERE THE MONEY GOES - BY FUND TYPE

Actual EOY Estimated Budget Change from FY2024 Percent
Expenditure FY2023 FY2024 FY2025 to FY2025
General Fund $37,147,787 $45,743,888 $44,966,515 ($777,373) -2%
Debt Service Fund 7,478,584 7,758,974 7,903,999 145,025 2%
Special Revenue Fund 2,292,247 5,130,175 6,023,233 893,058 17%
Capital Project Fund 29,896,660 38,049,845 55,342,628 17,292,783 45%
Water and Sewer Fund 29,646,048 32,791,299 31,419,021 (1,372,278) -4%
Drainage Fund 2,758,119 2,386,163 2,170,424 (215,739) -9%
Total $109,219,445 $131,860,343 $147,825,819 $15,965,476 12%

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.

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 include sales tax, special fees, and donations.

Capital Project Funds are used to account for all capital projects and major capital purchases. The
significant changes from year to year are due to various capital construction projects and purchase of
capital assets budgeted for each individual year.

Water and Sewer Fund provides water and sewer services to the City. Decision packages in this fund were
to fund much needed equipment purchases. Current Supply chain issues have been challenging in ordering
equipment and taking possession of equipment within the same budget year. There will be a need to carry
over expenses for any large equipment items requiring longer lead times based on availability.

Drainage Fund is for recording revenues and expenses related to watershed and storm drainage
improvements. Drainage capital projects are important for improving drainage areas where water can
accumulate and cause flooding.

FY2025 ALL FUNDS TOTAL EXPENDITURE $147,825,819
(BY FUND TYPE)

General Fund Debt Service Fund Special Revenue Fund Capital Project Fund Water and Sewer Fund Drainage Fund
60,000,000 55,342,628
50,000,000 44,966,515
40,000,000
31,419,021
30,000,000
20,000,000
7,903,999
10,000,000 6,023,233 2,170,424
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