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File #: 14-3951    Version: 1 Name: First Public Hearing on the FY 2014/2015 Operating and Capital Improvement Projects Budgets
Type: Agenda Item Status: Items for Individual Consideration
File created: 8/8/2014 In control: Budget
On agenda: 9/17/2014 Final action:
Title: Second Public Hearing and adoption of the FY 2014/2015 Operating and Capital Improvement Projects Budgets
From
Kathleen C. Mercer
 
Title
Second Public Hearing and adoption of the FY 2014/2015 Operating and Capital Improvement Projects Budgets
 
Presenter
Kathleen C. Mercer, Director of Budget/Purchasing
 
Recommended Action
Conduct hearing
 
Analysis
On August 5, 2014 the City Manager's proposed budget was submitted to the City Council. An overview of the proposed budget was presented to the City Council at the briefing session.  The City Council met to deliberate the proposed budget at the workshop on August 29, 2014.
 
Financial Consideration
The combined FY 2014/2015 City Operating Budgets proposed total is $300,827,988 and the Capital Improvement Projects Budgets proposed total is $66,221,336.  Significant changes and issues included in the Proposed FY 2014/2015 Operating Budgets are summarized as follows:
 
GENERAL FUND RESOURCES ($109,484,201)
Taxable value increase of 7.28%
Proposed property tax rate of 66.9998 cents per $100 valuation, increase of $3,402,844
Decrease in TIF Reimbursement, Interest & Delinquent Taxes of $1,245,004
Decrease in sales tax of ($496,782)
Increase in franchise fee and other taxes of $480,827
Increase in Charges for Services of $303,068
Increase in licenses and permits of $380,356
Increase in fines/forfeits of $651,648
Increase in inter/intra governmental revenue $78,479
Increase in indirect cost of $336,331
Increase in miscellaneous revenues of $11,644
 
GENERAL FUND APPROPRIATIONS ($114,262,251)
Proposed improvements in the General Fund include:
Civil Service Step
Merit/Compensation Plan
Proposed capital outlay in the General Fund totals $983,500 and includes:
Library books/films/tapes/computer replacements
Vehicle replacements
 
WATER AND WASTEWATER FUND ($63,469,069)
An average increase of 4.5% to water and wastewater rates to residential, commercial and industrial customers.
Includes increase in water and wastewater purchase costs from the City of Dallas to account for anticipated growth and system demands.
Includes funding for capital outlay.
 
GENERAL OBLIGATION DEBT SERVICE FUND ($20,814,458)
Meets debt service requirements.
 
EMPLOYEE INSURANCE FUND ($17,486,351)
Includes employee and retiree medical and prescription claims of $14,501,722
 
PARK VENUE FUND ($15,597,770)
Includes a transfer from the General fund of $5,414,885
Expenditures include: the Ruthe Jackson Center, Tony Shotwell Center, Uptown Theatre, Market Square and The Summit.
Includes $2,196,667 Debt Service payment.
Includes $850,000 transfer to the Park Capital Projects Fund.
 
SOLID WASTE FUND ($11,709,652)
Funding for the Keep Grand Prairie Beautiful program.
Funding for the Community program.
Funding for the Brush Crew program.
Funding for the Auto-Related Business program.
Funding of $1,900,000 transfers to the various Solid Waste Funds.
 
SUMMIT CENTER FUND ($7,420,132)
Expenditures to include debt service payoff.
 
WATER WASTEWATER DEBT SERVICE FUND ($6,197,175)
Includes Debt Service payment.
 
STORM WATER UTILITY FUND ($5,786,124)
Includes $547,394 for Storm Sewer Maintenance.
Includes $3,600,000 transfer to the Storm Water Utility Capital Projects Fund.
 
CRIME TAX FUND ($5,846,101)
Expenditures to include debt service payment.
Includes adding 7 positions.
 
FLEET SERVICES FUND ($5,610,596)
Expenditures include an increase of 5%  for vehicle maintenance.
 
GOLF FUND ($5,028,616)
Budget includes the operation of two City courses.
Expenditures to payoff debt service for Prairie Lakes Course
 
RISK MANAGEMENT FUND ($2,960,722)
Expenditures include premium payments for worker's compensation, property and liability.
 
LAKE PARKS FUND ($2,712,464)
Includes a transfer to Lake Capital Projects Fund of $100,000.
 
BASEBALL FUND ($2,707,819)
Expenditures to include debt service payment.
 
AIRPORT FUND ($2,616,409)
Includes $200,000 transfer to the Airport Capital Projects Fund.
 
RED LIGHT CAMERA FUND ($2,322,929)
Expenditures to include payment to State and operations
 
HOTEL/MOTEL TAX FUND ($1,599,788)
Includes Council directed funding.
 
PRAIRIE LIGHTS FUND ($1,015,894)
Funding for light show and operations.
 
SOLID WASTE EQUIPMENT ACQUISITION FUND ($971,000)
Funding for capital outlay replacement equipment.
 
INFORMATION TECHNOLOGY ACQUISITION FUND ($854,000)
Expenditures continue to include computer hardware and software upgrades/replacement.
 
POOLED INVESTMENT FUND ($772,231)
Expenditures include three full time positions
 
CEMETERY FUND ($764,586)
Expenditures to include increase in marker's sales.
 
EQUIPMENT ACQUISITION FUND ($744,004)
Expenditures include capital outlay for various city departments
 
CABLE OPERATIONS FUND ($582,099)
Includes operating cost for one full-time position.
Funding for one-time capital outlay items
 
MUNICIPAL COURT JUVENILE CASE MANAGER FUND ($278,221)
Expenditures to include two full-time juvenile case managers.
 
MUNICIPAL COURT TECHNOLOGY FUND ($258,896)
Expenditures to include software maintenance agreements and ticket writers.
 
US MARSHALS FUND ($149,500)
Expenditures to finish out video camera security system at the Public Safety Building
 
CAPITAL LENDING AND RESERVE FUND ($100,000)
Expenditures to finish out video camera security system at the Public Safety Building
 
MUNICIPAL COURT BUILDING SECURITY FUND ($95,953)
Expenditures continue to include one full time City Marshall.
 
RJC REPAIR RESERVE FUND ($33,184)
Closing out fund and moving the remaining monies to Park Building Upkeep Fund.
 
HOTEL/MOTEL BUILDING FUND ($25,000)
Expenditures to provide funding for furnishings of the Loyd Home.
 
PARKS BUILDING UPKEEP ($19,000)
Expenditures for gym floor resurface and Technogym maintenance contract
 
MUNICIPAL COURT JUDICIAL EFFICIENCY FUND ($15,994)
Expenditures continue to include the insurance verification program.
 
 
Proposed Appropriations :
       66,221,336
  Airport  
            940,000
  Capital Reserve  
         1,644,367
  Fire  
         8,622,300
  Lake  
            254,000
  Library  
            968,694
  Municipal Facilities
        15,731,355
  Parks  
         1,528,000
  Police  
       13,460,000
  Storm Water
         4,451,512
  Streets  
         5,646,108
  Solid Waste  
            324,000
  Water  
         7,296,000
  Wastewater
         5,355,000
 
 
Funding sources:
 
Cash/Other resources
       30,448,817
Certificates of Obligation
       31,306,650
General Obligation Bonds
         1,803,662
Cost of Issuance
            662,207
Sports Corp
         2,000,000
 
FUTURE SCHEDULE
      
Ø      September 16, 2014                  Second Public Hearing and Approve Budget
                                    City Council Approve Budget and Tax Rate