From
Kathleen C. Mercer
Title
Second Public Hearing on the FY 2015/2016 Operating Budgets and Ordinance adopting the FY 2015/2016 Operating Budgets
Presenter
Kathleen C. Mercer, Director of Budget/Purchasing
Recommended Action
Conduct Second Public Hearing and Approve
Analysis
On August 4, 2015 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 21, 2015.
Financial Consideration
The combined FY 2015/2016 Operating Budgets proposed total is $305,556,910. Significant changes and issues included in the Proposed FY 2015/2016 Operating Budgets are summarized as follows:
GENERAL FUND RESOURCES $113,847,844
Taxable value increase of 5.09%
Proposed property tax rate of 66.9998 cents per $100 valuation, increase of $2,552,516
Decrease in TIF Reimbursement, Interest & Delinquent Taxes of $202,574
Increase in sales tax of $1,440,984
Increase in franchise fee and other taxes of $657,111
Decrease in charges for services of ($193,806)
Increase in licenses and permits of $13,935
Increase in fines/forfeits of $115,122
Decrease in inter/intra governmental revenue ($56,893)
Decrease in indirect cost of ($181,526)
Decrease in miscellaneous revenues of ($186,374)
GENERAL FUND APPROPRIATIONS $118,881,296
Proposed improvements in the General Fund include:
Civil service step
Merit/Compensation plan
Proposed capital outlay in the General Fund totals $1,427,500 and includes:
Library books/films/tapes/computer replacements
Vehicle replacements
WATER AND WASTEWATER FUND $65,446,032
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...
Click here for full text