From
Patricia Alexander
Title
Second Public Hearing on the FY 2018/2019 Capital Improvement Projects Budgets and Ordinance adopting the FY 2018/2019 Capital Improvement Projects Budget
Presenter
Cathy Patrick, Management Services Director
Recommend Action
Conduct Second Public Hearing and Approve
Analysis
On August 7, 2018 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 23, 2018.
Financial Consideration
The FY 2018/2019 Capital Improvement Projects Budgets proposed total is $102,729,181. Detailed by fund for the Proposed FY 2018/2019 Capital Improvement Projects Budgets are as summarized as follows:
Proposed Appropriations : 102,729,181
Airport 1,409,155
Capital Reserve 1,703,813
Epic Central 7,100,000
Fire 3,770,317
Information Technology 1,428,912
Lake 300,000
Library 50,551
Municipal Facilities 45,510,640
Parks 2,710,000
Storm Water 5,514,145
Streets 17,688,648
Solid Waste 940,000
Water 9,060,000
Wastewater 5,543,000
Funding sources:
Cash/Other resources 37,904,984
Certificates of Obligation 42,253,135
MFAC Revenue Bonds 21,300,000
Cost of Issuance 1,271,062
Body
AN ORDINANCE OF THE CITY OF GRAND PRAIRIE, TEXAS, ADOPTING THE 2018-2019 CAPITAL IMPROVEMENT PROJECTS BUDGET SUBMITTED BY THE CITY MANAGER OF THE CITY OF GRAND PRAIRIE, TEXAS, IN THE AMOUNT OF $102,729,181 WITH DETAIL BELOW BY FUND
WHEREAS, the City Manager of the City of Grand Prairie has prepared a budget providing the capit...
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