The Finance Director presented the proposed FY 2019-20 budget. The budget is required to be balanced with revenues covering expenditures. The proposed budget projects $325,971 in net revenue after transfers. This would increase the general fund balance to $5.3 million. The utility fund budget projects a $1.3 million operating surplus with a $1.4 million fund balance. The document outlines revenues, expenditures and fund balances for other governmental funds including capital projects and street maintenance. It schedules public hearings on September 9th and budget adoption on September 23rd.

1. ADMINISTRATION AND
FINANCE
Presented by:
Robert Galindo
Finance Director
PROPOSED FY 2019-20 BUDGET
ITEM # 7
AUGUST 12, 2019

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

5. PROPOSED 2019 TAX RATE PER $100
Current Tax Rate $0.386439
Effective Tax Rate $0.385661
Proposed Tax rate $0.386439
Rollback Rate $0.424832

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