Page 10 - CityofHasletFY25AnnualBudget

CITY OF HASLET

NEW RESIDENTIAL PERMITS ISSUED / FISCAL YEAR

450
382
400

350
NEW RESIDENTIAL PERMITS 300 114 239 265 280

250

200
Total Residential Permits:
150
From Oct 2017 to Sept 2024 = 1,363
100
22 61 Estimated Population Increase = 2,750
50 Estimated Total Population = 4,450

0
FY 17-18 FY 18-19 FY 19-20 FY 20-21 FY 21-22 FY 22-23 FY 23-24
FISCALYEAR

FY 2024-2025 General Fund Budget Overview

 Fund Balance - $10,776,098. The FY 2024-2025 Fund Balance has decreased 7%, $811,669, from the
previous budget year of FY 2023-2024. The Fund Balance of each previous budget year has had a positive
trend since FY 2017-2018. This trend is due to the aggressive construction of residential single-family
homes generating construction sales tax, permit fees, and an increasing Ad Valorem base of new
commercial and residential properties added to the tax rolls. These funds allow the City to ‘cash flow’
capital projects that would otherwise require a debt instrument.
o Fund Balance = (Revenues + Transfers In) – (Expenditures + Transfers Out)

 Operating Revenues – $9,397,184. The General Fund Operating Revenues are a forecast of anticipated
revenue. Operating Revenues have increased $262,524, 2.8%, from FY 2023-2024. A conservative
approach is used to forecast Operating Revenues; primary contributors to Revenue are Property Tax, Sales
Tax, and Permits/Licensing/Inspections. This is accomplished by referencing the actual revenue of the
previous fiscal year and adjusting each revenue source considering current economic outlook and local
development activity.

*101 MAIN ST., HASLET, TX 76052 * WWW.HASLET.ORG * 817-439-5931 * FAX 817-439-1606 *

Haslet Adopted Budget FY 2024-2025 8