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 dema...
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