Page 354 - CityofHasletFY25AnnualBudget

GENERAL FUND
OVERALL BUDGET SUMMARY

FY 2024 FY 2025
CURRENT PROJECTED PROPOSED
BUDGET YEAR END BUDGET

Fund Balance, October 1, $ 10,993,321 $ 10,993,321 $ 11,587,767
Revenues
Franchise Fees $ 359,500 $ 528,770 $ 535,007
Property Tax $ 4,284,214 $ 4,284,214 $ 5,197,328
Property Tax Grant to Amazon $ (519,368) $ (485,391) $ (602,169)
City Portion TIRZ $ (260,007) $ (260,007) $ (292,474)
Sales Tax $ 2,929,100 $ 2,990,582 $ 2,431,400
Oil/Gas Lease/Royalty $ 20,000 $ 15,000 $ 15,000
Permits/Licenses/Insp $ 1,744,900 $ 1,424,300 $ 1,470,900
Fines & Forfeitures $ 140,000 $ 75,434 $ 78,434
Charges for Services $ 700 $ 700 $ 700
Miscellaneous $ 191,900 $ 561,058 $ 563,058
Operating Revenues $ 8,890,939 $ 9,134,660 $ 9,397,184

Operating Transfers In:
Type A $ 6,890 $ 21,290 $ 21,290
Type B $ 6,890 $ 21,290 $ 21,290
Total Transfers In $ 13,780 $ 42,580 $ 42,580
Total Available Resources $ 19,898,040 $ 20,170,561 $ 21,027,531
Expenditures
Administration $ 353,050 $ 350,328 $ 346,244
City Secretary $ 183,554 $ 131,354 $ 187,582
Fire $ 1,821,393 $ 1,815,395 $ 1,938,788
Streets $ 306,500 $ 246,040 $ 493,600
Parks & Grounds $ 659,479 $ 636,383 $ 702,495
Court $ 214,850 $ 170,168 $ 215,177
Library $ 415,923 $ 415,974 $ 447,327
Inter Services $ 156,757 $ 156,757 $ 94,350
Policing Services $ 1,426,468 $ 1,426,468 $ 1,649,265
Building Services $ 690,406 $ 672,260 $ 707,080
Planning $ - $ - $ -
Engineering & Planning Contracted $ 289,300 $ 289,300 $ 289,300
Finance $ 293,174 $ 346,519 $ 375,823
Public Works - Shared $ 399,331 $ 463,602 $ 579,622
IT/Admin $ 324,146 $ 334,870 $ 385,517

Operating Expenditures $ 7,534,331 $ 7,455,418 $ 8,412,172
Fund Balance Effect
Increase/(Decrease) 1,370,388 1,721,822 1,027,592

Transfers in for Project 2025
Type A $ - $ - $ -
Type B $ - $ - $ -
Total Transfers in for Project 2025 $ - $ -
Capital Project Expenditure
Project 2025 $ - $ - $ -

Operating Transfers Out
19 Capital Projects Fund $ 643,376 $ 643,376 $ 1,754,861
30 Haslet Parkway (Atmos) $ - $ -
26 2022 Facilities CO (Keller Haslet RD) $ 400,000
Parks Board $ 62,400 $ 62,400 $ 62,400
Parks Board -Matching $ 8,620 $ 10,800 $ 11,000
Library Board- Matching $ 8,620 $ 10,800 $ 11,000
Transfer to Debt Service AJE $ - $ - $ -
Total Operating Transfers Out $ 723,016 $ 1,127,376 $ 1,839,261

Fund Balance, September 30 $ 11,640,693 $ 11,587,767 $ 10,776,098
Fund Balance as % of Exp 154.5% 155.4% 128.1%
Contingency @10%
of Operating Expenses $ 764,345 $ 721,167 $ 841,217
Fund Balance Target @50% $ 3,767,166 $ 3,727,709 $ 4,206,086
of Operating Expenses (prior yrs were 25%)
Reserve Surplus/(Shortfall) $ 7,109,183 $ 7,138,892 $ 5,728,795
Haslet Adopted Budget FY 2024-2025 352