Page 321 - CityofHasletFY25AnnualBudget

Council These constraint can only be removed or changed by taking the type
of action employed to omit these amounts.
 Assigned. That portion of the fund balanced not “restricted” or “committed”
that has specific purpose expressed by the governing body or a body/official
to which the governing body delegates authority. Only resources in other
government funds can be assigned. The General Fund cannot assign its fund
balance.
 Unassigned. A residual amount for the General Fund that is not classified in
any of the other four categories and is available for any purposes. Negative
residual amounts for all other governmental funds are reported in this
classification.

Enabling Legislation. Authorized the government to assess, levy, charge, or
otherwise mandate payment of resources and includes a legally enforceable
requirement that those resources be used only for specific purpose.

General Fund. A fund that accounts for all financial resources not accounted for and
reported in another fund.

Special Revenue Fund. A fund whose revenues source(s) is restricted or committed
to a specific purpose other than capital projects or debt service.

Capital Projects Fund. A fund that accounts for all financial resources that are
restricted, committed, or assigned to expenditures for capital outlays.

Debt Service Fund. A fund that accounts for all financial resources that are
restricted, committed, or assigned to expenditures for principal and interest of debt
obligations.

Enterprise Fund. A fund that accounts for operations that are financed and operated
in a manner similar to private business enterprises, where the intent of the governing
body is that the cost of providing goods or services to the general public on a
continuing basis be financed ore recovered primarily through users charges.

IX. Debt Management

Types of Debt. Long-term debt will not be used for operating purposes, and the life
the bond will not exceed the useful life of a project financed by that bond issues.

Analysis of Financing Alternatives. The City will explore all financing alternative in
addition to long-term debt including leasing, grants and other aid, developer
contributions, and use of reserves of current monies.

Disclosure. Full disclosure will be made to bond rating agencies and other users of
financial information. The City staff, with the assistance of financial advisors and
City of Haslet Financial Policy

Haslet Adopted Budget FY 2024-2025 319