Item # 8 - PPT Proposed Budget FY 2022-23

1. ADMINISTRATION AND
FINANCE
Presented by:
Robert Galindo
Finance Director
PROPOSED FY 2022-2023 BUDGET
ITEM # 8
AUGUST 8, 2022

2. PROPOSED FY 2022 – 2023 BUDGET
In accordance with Texas State law and generally
accepted accounting standards, the City adopts a
balanced budget for each fiscal year.
The Budget is required to cover only those expenditures
with revenue for which the City has authority to levy –
Creating a Balanced Budget.
Schedule a Public Hearing for the proposed budget.
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3. BUDGETARY POLICY
The Proposed FY 2022-2023 Budget Revenues cover
operating expenditures and creates working capital of
$218,066.
This working capital can be returned to the Fund
Balance or designated to fund capital assets or other
projects.
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4. SUMMARY OF PROPOSED BUDGET FY 2022-23
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
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5. SUMMARY OF PROPOSED GENERAL
FUND FY 2022-23 BUDGET
The Government Finance Officers Association (GFOA) recommends at least a 25% Fund Balance of the General
Fund operating budget. The General Fund had a balance of 57% of the operating budget at the end of 9-30-21.
The fund balance allows the city to withstand any unforeseen disasters and emergencies. It also saves thousands in
interest costs if the city issues bonds because the city has a AAA rating from S&P. 5
FY 2022-2023
Beginning Fund Balance $6,763,448
Operating Revenues $11,927,208
Departmental Allocations - 11,709,142
Remaining Funds Available $218,066
Projected Fund Balance $6,981,514

6. PROPOSED UTILITY FUND BUDGET FY 2022-23
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FY 2022-2023
Beginning Fund Balance $3,134,418
Revenues $4,532,508
Operating Expenses - 4,377,680
Working Capital $154,828
Projected Fund Balance $3,289,246

7. OTHER GOVERNMENTAL FUNDS PROPOSED FY 2022-2023
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Comprehensive
Plan
Street
Maintenance
Capital Projects Capital
Replacement
Projected Fund Balance
10/1/22
$ 159,443 $ 260,548 (3) $14,306,607 $ 578,303
Revenues/Transfers $ 25,000 (2) $ 852,062 $ 25,000 $ 60,000
Expenditures (1) -$ 75,000 -$ 1,000,000 (4)-$ 25,000 (5) -$ 0
Projected Ending Balance
9/30/23
$ 109,443 $ 112,610 $14,306,607 $ 638,303
1) Possible carryover from prior year $50,000 for lighting and $25,000 park improvements
2) Street Maintenance estimated dedicated ½ cent sales tax revenue
3) 2021 Taxable bond proceeds are in balance
4) Olmos Basin Cleanup $25,000
5) Transfers from General Fund of $60,000 for future ambulance

8. NEXT STEPS
 Council votes to set a Public Hearing for the
proposed FY 2022-2023 Budget on August 22,
2022.
 Council votes to have an action item to adopt the
proposed FY 2022-2023 Budget on August 22,
2022.
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9. COUNCIL ACTION NEEDED
 I move the City hold a public hearing for the
Proposed FY 2022-2023 Budget on August 22,
2022.
 I move the City have an action item to adopt the
Proposed FY 2022-2023 Budget on August 22,
2022.
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