Page 23 - CityofHasletFY25AnnualBudget

GENERAL FUND
OVERALL BUDGET SUMMARY

FY 2024 FY 2025
FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 CURRENT PROJECTED
ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL BUDGET YEAR END BUDGET

Fund Balance, October 1, $ 2,520,601 $ 5,597,149 $ 6,740,510 $ 7,889,543 $ 10,489,969 $ 10,993,321 $ 10,993,321 $ 11,587,767

Revenues
Franchise Fees $ 258,896 $ 284,833 $ 296,420 $ 343,612 $ 452,994 $ 359,500 $ 528,770 $ 535,007
Property Tax $ 2,140,484 $ 1,997,469 $ 2,180,247 $ 2,658,852 $ 3,690,860 $ 4,284,214 $ 4,284,214 $ 5,197,328

Property Tax Grant to Amazon $ (517,773) $ (446,868) $ (391,837) $ (453,924) $ (410,179) $ (519,368) $ (485,391) $ (602,169)
City Portion TIRZ $ - $ - $ (18,785) $ (92,792) $ (215,471) $ (260,007) $ (260,007) $ (292,474)
Sales Tax $ 1,955,269 $ 1,911,783 $ 2,491,504 $ 3,344,957 $ 2,830,494 $ 2,929,100 $ 2,990,582 $ 2,431,400
Oil/Gas Lease/Royalty $ 25,077 $ 17,288 $ 24,796 $ 38,318 $ 22,183 $ 20,000 $ 15,000 $ 15,000
Permits/Licenses/Insp $ 2,720,617 $ 1,384,177 $ 2,731,934 $ 2,396,922 $ 1,692,711 $ 1,744,900 $ 1,424,300 $ 1,470,900
Fines & Forfeitures $ 266,802 $ 202,633 $ 151,128 $ 108,572 $ 71,693 $ 140,000 $ 75,434 $ 78,434

Charges for Services $ 828 $ 567 $ 746 $ 933 $ 533 $ 700 $ 700 $ 700

Miscellaneous $ 298,676 $ 161,214 $ 174,101 $ 367,239 $ 524,822 $ 191,900 $ 561,058 $ 563,058

Operating Revenues $ 7,148,876 $ 5,513,096 $ 7,640,254 $ 8,712,689 $ 8,660,640 $ 8,890,939 $ 9,134,660 $ 9,397,184

Operating Transfers In:
Type A $ 6,890 $ 6,890 $ 6,890 $ 6,890 $ 17,690 $ 6,890 $ 21,290 $ 21,290
Type B $ 6,890 $ 6,890 $ 6,890 $ 6,890 $ 17,690 $ 6,890 $ 21,290 $ 21,290
Total Transfers In $ 13,780 $ 13,780 $ 13,780 $ 13,780 $ 35,380 $ 13,780 $ 42,580 $ 42,580
Total Available Resources $ 9,683,257 $ 11,124,025 $ 14,394,544 $ 16,616,012 $ 19,185,989 $ 19,898,040 $ 20,170,561 $ 21,027,531
Expenditures
Administration $ 361,592 $ 405,763 $ 378,289 $ 302,854 $ 342,067 $ 353,050 $ 350,328 $ 346,244
City Secretary $ 165,163 $ 146,589 $ 170,795 $ 124,781 $ 112,629 $ 183,554 $ 131,354 $ 187,582
Fire $ 470,030 $ 566,555 $ 705,666 $ 896,966 $ 1,352,193 $ 1,821,393 $ 1,815,395 $ 1,938,788
Streets $ 108,697 $ 96,408 $ 166,495 $ 71,413 $ 176,735 $ 306,500 $ 246,040 $ 493,600
Parks & Grounds $ 254,505 $ 199,570 $ 166,028 $ 229,560 $ 210,878 $ 659,479 $ 636,383 $ 702,495
Court $ 176,930 $ 173,359 $ 164,363 $ 181,658 $ 191,779 $ 214,850 $ 170,168 $ 215,177
Library $ 295,836 $ 305,785 $ 315,964 $ 339,442 $ 337,212 $ 415,923 $ 415,974 $ 447,327
Inter Services $ 142,706 $ 150,237 $ 265,018 $ 266,048 $ 53,700 $ 156,757 $ 156,757 $ 94,350
Policing Services $ 676,033 $ 695,262 $ 733,194 $ 730,471 $ 995,082 $ 1,426,468 $ 1,426,468 $ 1,649,265
Building Services $ - $ - $ - $ - $ 525,106 $ 690,406 $ 672,260 $ 707,080
Planning $ 307,873 $ 302,018 $ 379,787 $ 462,405 $ - $ - $ - $ -
Engineering & Planning Contracted $ - $ - $ - $ - $ 253,417 $ 289,300 $ 289,300 $ 289,300
Finance $ 177,692 $ 190,936 $ 206,184 $ 236,983 $ 334,380 $ 293,174 $ 346,519 $ 375,823
Public Works - Shared $ 334,861 $ 355,420 $ 496,220 $ 612,456 $ 327,020 $ 494,446 $ 463,602 $ 579,622
IT/Admin $ - $ - $ - $ 10,567 $ 195,314 $ 324,146 $ 334,870 $ 385,517
Operating Expenditures $ 3,471,918 $ 3,587,902 $ 4,148,003 $ 4,465,604 $ 5,407,512 $ 7,629,446 $ 7,455,418 $ 8,412,172

Fund Balance Effect
Increase/(Decrease) $ 3,690,738 $ 1,938,974 $ 3,506,031 $ 4,260,865 $ 3,288,508 1,275,273 1,721,822 1,027,592
Transfers in for Project 2025
Type A $ 2,576,913 $ - $ - $ - $ -
Type B $ 3,636,290 $ - $ - $ - $ -
Total Transfers in for Project 2025 $ 6,213,203 $ - $ - $ -
Capital Project Expenditure
Project 2025 $ - $ - $ - $ 6,213,203 $ - $ - $ -
Operating Transfers Out
19 Capital Projects Fund $ 549,932 $ 630,389 $ 2,284,372 $ 994,924 $ 2,704,768 $ 643,376 $ 643,376 $ 1,754,861
30 Haslet Parkway (Atmos) $ 551,310 $ - $ -
26 2022 Facilities CO (Keller Haslet RD) $ 400,000
Parks Board $ 57,000 $ 57,000 $ 62,400 $ 62,400 $ 62,400 $ 62,400 $ 62,400 $ 62,400
Parks Board -Matching $ 3,629 $ 4,071 $ 5,113 $ 6,753 $ 8,994 $ 8,620 $ 10,800 $ 11,000
Library Board- Matching $ 3,629 $ 4,071 $ 5,113 $ 6,753 $ 8,994 $ 8,620 $ 10,800 $ 11,000
Transfer to Debt Service AJE $ - $ 100,082 $ - $ 38,299 $ - $ - $ -
Total Operating Transfers Out $ 614,190 $ 795,613 $ 2,356,998 $ 1,660,439 $ 2,785,156 $ 723,016 $ 1,127,376 $ 1,839,261
Fund Balance, September 30 $ 5,597,149 $ 6,740,510 $ 7,889,543 $ 10,489,969 $ 10,993,321 $ 11,545,578 $ 11,587,767 $ 10,776,098
Fund Balance as % of Exp 161.2% 187.9% 190.2% 234.9% 203.3% 151.3% 155.4% 128.1%
Contingency @10%
of Operating Expenses $ 764,345 $ 721,167 $ 841,217
Fund Balance Target @50% $ 867,980 $ 896,976 $ 1,037,001 $ 1,116,401 $ 1,351,878 $ 3,814,723 $ 3,727,709 $ 4,206,086
of Operating Expenses (prior yrs were 25%)
Reserve Surplus/(Shortfall) $ 4,729,170 $ 5,843,535 $ 6,852,542 $ 9,373,568 $ 9,641,443 $ 6,966,510 $ 7,138,892 $ 5,728,795

Haslet Adopted Budget FY 2024-2025 21