From
Kathleen C. Mercer
Title
Second and Final Public Hearing and adoption of the FY 2016/2017 Operating Budgets
Presenter
Kathleen C. Mercer, Director of Budget/Purchasing
Recommended Action
Conduct Hearing
Analysis
On August 2, 2016 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 30, 2016.
Financial Consideration
The combined FY 2016/2017 City Operating Budgets proposed total is $331,093,058. Significant changes and issues included in the Proposed FY 2016/2017 Operating Budgets are summarized as follows:
GENERAL FUND RESOURCES $121,870,655
Taxable value increase of 8.97% increase of $4,730,589
Decrease in Proposed property tax rate from .484892 to .473549 (moved .011343 to Debt Service)
Increase in TIF Reimbursement, Interest & Delinquent Taxes of $2,306
Increase in sales tax of $1,317,746
Increase in franchise fee and other taxes of $117,010
Increase in Charges for Services of $579,850
Increase in licenses and permits of $372,055
Increase in fines/forfeits of $211,095
Increase in inter/intra governmental revenue $274,969
Increase in indirect cost of $233,168
Increase in miscellaneous revenues of $188,905
GENERAL FUND APPROPRIATIONS $126,395,145
Proposed improvements in the General Fund include:
Civil Service Step
Merit/Compensation Plan
Proposed capital outlay in the General Fund totals $1,284,500 and includes:
Library books/films/tapes/computer replacements
Vehicle replacements
WATER AND WASTEWATER FUND $72,024,244
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 SERV...
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