Page 106 - HaltomCityFY26Budget

City Of Haltom City Adopted Budget, FY2026 Supplemental Information

be billed at pre-determined rates, and all services received by this fund from
other funds should be paid for on the same basis that other users are
charged.
5. Franchise Fees
o The Enterprise Funds will pay a franchise fee based on the same rationale as
used with the electric, gas, and telephone companies. A franchise fee is paid
to compensate the City for public property, street, and alley usage.

Expenditure Objectives

1. Interim Reporting
o Monthly reports shall be prepared showing actual expenditures compared to
the original budget. Each monthly report will be consolidated into quarterly
reports which contain an executive summary disclosing significant trends
affecting the financial performance of the City. These reports will be
presented to the City Council in open session.
2. Budget Amendments
o Modifications to the approved annual budget may be made within the
following specific guidelines:
 Modifications within the operating categories (supplies,
maintenance, services, and sundry) may be made with Finance
Director approval.
 Modifications within the personnel and capital categories may be
made with the approval of the City Manager.
 Modifications to reserve categories, inter-fund totals, or overall
budget increases shall be done only with City Council consent, after a
public hearing held in accordance with the City Charter and
applicable State law.
3. Performance Measures
o Performance measures and productivity indicators shall be used as
expenditure guidelines. The measures will be illustrative of departmental
and organizational goals. These measures will be reviewed annually for
efficiency and effectiveness. This information shall be included in the annual
budgeting process and in the approved budget document. Further,
performance and productivity data will be reported to the City Council
periodically throughout the fiscal year.

Budget Concepts

1. Balanced Budget
o The budget should be balanced with current, reoccurring revenues equal to
or greater than current, reoccurring expenditures. To accomplish this aim,
emphasis will be placed first on identifying opportunities to reduce costs