Page 58 - HaltomCityFY25Budget

City Of Haltom City Annual Budget, FY2025 General Fund

GENERAL FUND
BUDGET SUMMARY
Actual Adopted Projected Adopted
FUND 01 FY2023 FY2024 FY2024 FY2025
Fund Balance, Beginning 30,730,641 44,053,407 44,053,407 41,283,379
Revenues
Property Taxes 13,323,521 13,290,015 14,390,044 15,501,169
Sales & Other Taxes 14,150,552 13,660,000 14,282,000 14,079,000
Franchise Fees 3,708,696 4,224,000 4,275,000 4,226,000
License & Permit 1,214,651 1,058,700 2,408,520 1,056,520
Intergovernmental 10,122,546 132,500 176,740 65,750
Charges for Service 1,458,254 1,686,573 1,693,185 1,722,050
Fines 983,045 915,020 842,720 918,900
Interest Income 1,853,313 765,075 1,800,075 1,200,075
Other Revenues 2,136,978 198,604 97,600 97,600
Interfund Transfer 1,518,996 3,107,976 3,007,976 1,910,976
Total Revenues 50,470,552 39,038,463 42,973,860 40,778,040
Funds Available 81,201,194 83,091,870 87,027,267 82,061,419
Expenditures
City Manager's Office 684,916 739,554 738,889 834,622
City Secretary 284,751 325,885 324,985 318,391
City Council 35,838 48,100 45,000 44,600
Finance 641,247 1,052,838 1,047,188 1,062,385
Human Resources 531,223 791,491 791,491 832,315
Planning & Community Development 1,066,805 1,253,330 1,255,330 1,274,871
Information Technology 1,058,343 1,123,145 1,125,445 1,142,177
Animal Services 427,268 498,939 503,123 479,184
Fleet Services 1,001,858 1,382,089 1,388,089 1,418,650
Building Maintenance 821,320 1,405,907 1,542,642 796,190
Police 11,047,828 12,930,816 12,935,816 12,898,709
Fire 8,131,513 10,388,686 10,425,241 10,172,284
Emergency Managemment 438,863 574,170 582,233 597,848
Municipal Court 520,027 568,657 658,746 576,679
Street & Drainage 1,757,809 1,698,050 1,757,758 2,086,073
Parks & Recreation 2,109,742 2,629,996 2,709,196 2,628,687
Library 1,092,748 1,237,093 1,242,093 1,268,914
EDC 175,422 2,227,344 2,078,134 1,129,895
Non-Departmental 3,861,775 2,764,782 3,074,880 4,783,041
Transfers 1,458,492 1,517,609 1,517,609 621,000
Total Expenditures 37,147,787 45,158,482 45,743,888 44,966,515
Annual Surplus / (Deficit) 13,322,766 (6,120,019) (2,770,028) (4,188,475)
Fund Balance, Ending 44,053,407 37,933,388 41,283,379 37,094,904
Fund Balance Breakdown
Reserved (i.e. Encumbrances, Prepaids etc..) (9,541,371) (9,751,371) (10,026,371) (14,170,353)
Unreserved Fund Balance 34,512,036 28,182,017 31,257,008 22,924,551
Reserve Policy is 20% of Expenditures 7,429,557 9,031,696 9,148,778 8,993,303
Amount over (under) Reserve Policy 27,082,479 19,150,320 22,108,230 13,931,248
% of Total Expenditures 93% 62% 68% 51%

e
r
e
v
r
n
U
s
e
d
F

g
d
n
u
n
E

n
i
d
‐
n
c
a
e
G General Fund ‐ Unreserved Ending Fund Balance
B

l
e
a
n
u
F
n

d
r
e
a

l
$40,000,000
$35,000,000
$30,000,000
$25,000,000
$20,000,000
$15,000,000
$10,000,000
$5,000,000
$0
Actual 2023 Adopted 2024 Projected 2024 Proposed 2025