2. FY2019 – 20 PROPOSED BUDGET
In accordance with Texas State law and generally
accepted accounting standards, the City adopts a
balanced budget for each fiscal year.
The Adopted Budget is required to cover only
those expenditures with revenue for which the City
has authority to levy – Creating a Balanced Budget.
3. BUDGETARY POLICY
The Proposed 2019-20 Budget Revenues cover
operating expenditures and creates working capital of
$325,971 in net revenue after transfers.
This working capital can be returned to the Fund
Balance or designated to fund capital assets or
projects.
4. SUMMARY OF PROPOSED BUDGET FY 2019-20
Tax Rate
General Fund Budget
Comprehensive Fund, Capital Projects, Street
Maintenance Fund & Capital Replacement Fund
Utility Fund Revenues and Allocations
Capital Projects Fund
Questions or Guidance to Staff on Final Budget
6. PROPOSED 2019 TAX RATE PER $100
M&O Tax Rate $0.336439
I&S Tax Rate $0.050000
Tax Rate $0.386439
Two Public Hearings are required before the
adoption of the tax rate if the proposed tax
rate is higher than the effective tax rate
7. 7
Projected Beginning Balance 10/1/19 $4,985,666
Proposed Operating Revenues $10,927,616
Proposed Departmental Allocations -$10,601,645
Working Capital from Operations $325,971
Estimated Unreserved Fund Balance 9/30/20 $5,311,637
SUMMARY OF PROPOSED GENERAL FUND BUDGET AND
UNRESERVED FUND BALANCE FY 2019-20
8. 8
Beginning Fund Balance 10/1/19 $ 1,412,202
Proposed Revenue (includes transfer in from
Equity Balance of $635,000)
$4,528,220
Proposed Operating Expenses -$3,209,464
Working Capital $1,318,756
Capital Expenditures -$1,081,000
Bond Payment (principal & interest) -164,200
Transfers to General Fund: -$70,801
Estimated Fund Balance 9/30/20 $1,414,957
PROPOSED UTILITY FUND REVENUES/ALLOCATIONS FOR FY2019-20
9. 9
Funding Summary
Comprehensive
Plan
Street
Maintenance
Capital Projects Capital
Replacement
Projected Fund Balance
10/1/19
$ 66,007 $ 598,555 $ 897,333 $ 1,212,340
Revenues/Transfers $ 57,000 (2) $ 601,945 $ 0 (4) $ 353,049
Expenditures (1) -$ 57,000 -$ 1,200,000 (3) - 743,000 (5) - $ 562,586
Projected Balance
9/30/20
$ 66,007 $ 500 $ 154,333 $ 1,002,803
OTHER GOVERNMENTAL FUNDS PROPOSED FY 2019-20
1) La Jara lighting $42,000, Pocket Park $15,000
2) Street Maintenance sales tax revenue of $601,945 with a total sales tax of ½ cent dedicated to Streets Fund
3) Swimming Pool $700,000, $25,000 for Olmos Basin Cleanup and $18,000 City Hall common area improvements
4) Transfers from General Fund of $353,049
5) Police Interceptors 2; PD Voice Logger, EMS ambulance $170,000, Lease payments for 4 Heart Monitors and 10
SCBAs and stretcher payment, $50,000 for Fire Saber pumper 2024, $50,000 for EMS equipment reserve.
10. 10
Beginning Balance 10/1/19 $897,333
Transfers from General Fund $0
Expenditures
Olmos Basin Clean-up $ 25,000
City Hall Common Areas $ 18,000
Swimming Pool $ 700,000
-$743,000
Estimated Ending Fund Balance 9/30/20 $154,333
PROJECTED CAPITAL PROJECTS FUND
REVENUES/ALLOCATIONS FOR FY 2019-2020
11. 11
Monday, September 9, 2019 Public Hearing for Proposed Budget FY 2019-20
Monday, September 23, 2019 City Council adoption Proposed Budget FY 2019-20
NEXT STEPS
12. COUNCIL ACTION NEEDED
I move the City hold a public hearing for the
consideration of the Proposed Budget FY 2019-20 on
Monday, September 9, 2019
