Page 105 - HaltomCityFY26Budget

City Of Haltom City Adopted Budget, FY2026 Supplemental Information

adopted for most funds. All annual appropriations remain open for 60 days
subsequent to year-end.
o The City will strive to maintain accounting policies and practices in the
preparation of its annual financial report. The report will be presented to the
Government Finance Officers Association (GFOA) for review of qualifications
that meet those necessary to obtain the Certificate of Achievement for
Excellence in Financial Reporting.
o In addition, the City will submit its annual budget to GFOA for review to
receive the Distinguished Budget Presentation Award.
3. Staffing
o Staffing levels shall be adequate for the departments of the City to function
effectively.
o Overtime shall be used only to address temporary or seasonal demands that
require excessive hours. Whenever possible, compensatory time (comp
time) shall be offered instead.
o Possible ways to increase efficiency shall be explored before adding staff.
However, the staffing levels shall not be inadequate or marginal such that
the City’s internal controls are jeopardized.

Revenue Objectives

1. Revenue System
o The City shall strive to operate a revenue system that is simple and reliable
so assurances can be provided that the revenue base will materialize
according to budget planning.
o Consistent monitoring and collection policies will be maintained to ensure
the integrity of the revenue system. Revenue collections will be consolidated
under the finance department.
2. Revenue Analysis
o Monthly reports shall be prepared to compare actual revenues to the budget
and to determine the variances and associated corrective action necessary.
The monthly reports will be consolidated into quarterly reports and
presented to the City Council in open session.
3. Fee Schedule
o The City will maintain a centralized list of fees adopted by ordinance and
updated annually by resolution.
o Each year, the City will review its fee structure to ensure that revenue
collections are adequate to meet corresponding expenditures (cost of
service concept). Such reviews will be conducted in concert with the budget
preparation process.
4. Administrative/Internal Services
o The Enterprise Funds, being the Water & Sewer Fund and the Drainage Utility
Fund, engage in transactions with other funds of the City. All services
rendered by this fund for other funds of the governmental jurisdiction should