1. FY 2018-2019 Operating Budget and
Property Tax Rate
Presented By: Robert Galindo
Finance Director
Item # 4
City Council Meeting
September 24, 2018
2. 2
Proposed FY 2018 Tax Rate per $100 Value
• Proposed 2018 total rate is $0.386439
• No tax rate increase because this is the
existing rate approved last year
• Proposed Maintenance and Operation (M&O)
of $0.336439
• Proposed Interest and Sinking (I&S) rate of
$0.050000
3. Summary of Proposed General Fund
Unreserved Fund Balance FY 2018-19
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Projected Beginning Balance 10/1/18 $ 4,483,260
Proposed Operating Revenues $10,579,719
Proposed Departmental Allocations -$10,331,959
Working Capital $ 247,760
Estimated Fund Balance 9/30/19 $ 4,731,020
4. Other Governmental Funds Proposed FY 2018-19
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1. Improvements to the public realm, including tree maintenance/planting/removal in city right-of-way
2. Street Maintenance one-half cent sales tax revenue of $540,000
3. Olmos Basin Clean-up $18,750, city hall $18,000, pool $200,000, nature trails bldg. $100,000, and $50,000 for architect/consultant
Broadway Road Construction Project with TxDot. Swim pool lease revenue is currently $30,000 annually and City has received $280,000
from pool lease through this year.
4. Transfers from General Fund of $299,409; Police Interceptor $47,221; PD Console upgrade $69,929, Lease payments Heart Monitors
$ 28,587 and 10 SCBAs $27,292 and stretcher payment $26,380, $50,000 for Fire Saber pumper 2024,EMS $50,000 and EMS
reserve estimated balance of $88,656
Funding Summary
Comprehensive
Plan
Street
Maintenance
Capital
Projects
Capital
Replacement
Projected Fund Balance
10/1/18
$ 84,453 $ 598,277 $ 859,963 $ 868,386
Revenues/Transfers $ 30,000 (2) $ 540,000 $ 0 (4) $ 299,409
Expenditures (1) -$ 30,000 -$ 1,000,000 (3) - $386,750 (4) - $ 199,409
Projected Balance
9/30/19
$ 84,453 $ 138,277 $ 473,213 $ 968,386
6. Projected Capital Projects Fund
Revenues/Allocations for FY 2018-2019
6Note: City has received $280,000 from pool lease since FY 2008-09.
7. 7
Policy Analysis
• The City Charter requires that the City Manager prepare a
budget to cover all proposed expenditures of the City for
the succeeding year. The budget must be prepared in
conformity with state law and a vote to approve is required.
• A vote to set the tax rate is required by Chapter 26 of the
Tax Code.
• HB 3195 requires a separate vote be made to ratify the
property tax revenue increase in the budget.
8. Action Required
Approve Ordinances in the following order with record vote:
1. Proposed FY 2018-2019 Budget
2. Proposed 2018 Ad Valorem Tax Rate – Motion must be made in
the following form:
“I move that the property tax rate be increased by the
adoption of a tax rate of $0.386439 per $100 valuation, which is
effectively an increase of 2.15% in the tax rate.”
3. Ratifying the increase in Property Tax Revenue reflected in the
Proposed FY 2018-2019 Budget
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