From
Kathleen Mercer
Title
Second Public Hearing and adoption of the FY 2019/2020 Operating Budgets and Ordinance adopting the FY 2019/2020 City Operating Budgets
Presenter
Kathleen Mercer, Director of Budget/Purchasing
Recommended Action
Conduct second public hearing and Approve
Analysis
On August 6, 2019, 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 22, 2019.
Financial Consideration
The combined FY 2019/2020 City Operating Budgets proposed total is $405,818,416. Significant changes and issues included in the Proposed FY 2019/220 Operating Budgets are summarized as follows:
GENERAL FUND RESOURCES $143,795,260
Taxable value increase of 9.44% increase of $6,319,346
Decrease in Proposed property tax rate from .463696 to .457128 (moved .006568 to Debt Service)
Increase in TIF Reimbursement, Interest & Delinquent Taxes of ($1,054,915)
Increase in sales tax of $653,760
Decrease in franchise fee and other taxes of ($59,869)
Decrease in Charges for Services of ($56,855)
Increase in licenses and permits of $45,230
Increase in fines/forfeits of $331,910
Decrease in inter/intra governmental revenue ($68,085)
Increase in Indirect Cost of $307,546
Increase in Miscellaneous Revenues $349,828
GENERAL FUND APPROPRIATIONS $146,255,856
Proposed improvements in the General Fund include:
Civil Service Step
Merit/Compensation Plan
Proposed capital outlay in the General Fund totals $740,000 and includes vehicle replacements
WATER AND WASTEWATER FUND $83,806,172
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 for anticipated growth and system demands.
Includes funding for capital outlay.
GENERAL OBLIGATION DEBT SERVICE FUND $...
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