From
Kathleen
Title
Second Public Hearing on the FY 2012/2013 Operating Budgets and adopt an Ordinance adopting the FY 2012/2013 City Operating Budgets
Presenter
Kathleen C. Mercer, Director of Budget
Recommended Action
Conduct Second Public Hearing and Approve
Analysis
On August 7, 2012 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 24, 2012. At the workshop the City Manager’s Office requested that an additional $150,000 be added in order for the compensation plan to be moved two weeks earlier than originally planned. Council approved this change. An additional change is due to a proposed Solid Waste hauling rate increase.
Financial Consideration
GENERAL FUND RESOURCES ($97,735,403)
Taxable value decrease of (0.7319580%)
Proposed property tax rate of 66.9998 cents per $100 valuation, decrease of ($325,095)
Decrease in TIF Reimbursement of $741,115
Increase in sales tax of $3,091,435
Increase in franchise fee and other taxes of $175,423
Increase in Charges for Services of $38,078
Decrease in licenses and permits of ($106,812)
Increase in fines/forfeits of $474,188
Increase in indirect cost of $134,169
Decrease in interest income of ($249,567)
Decrease in miscellaneous revenues of ($677,168)
GENERAL FUND APPROPRIATIONS ($103,500,000)
Proposed improvements in the General Fund include:
Civil Service Step
Merit/Compensation Plan
Proposed capital outlay in the General Fund totals $787,300 and includes:
Library books/films/tapes/computer replacements
Vehicle replacements
WATER AND WASTEWATER FUND ($61,723,717)
An average increase of 4% 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...
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