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FY 21 Budget Adoption
The document outlines the City of College Station's FY21 budget adoption process, which included budget development workshops, committee meetings, and public hearings throughout the year. It provides a net budget summary, allocating $264.7 million to operations and maintenance across governmental, enterprise, and special revenue funds, and $46.7 million to capital projects. The city council meeting on August 27th included the two required actions to adopt the FY21 budget ordinance and ratify the property tax revenue increase included in the budget.
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FY 21 Budget Adoption
- 1. FY21 BUDGET ADOPTION August27, 2020 City of College Station
- 2. Special Council Meetings Council Strategic Planning Meeting Budget& Finance Committee Meetings Tax Office No New Revenue and Voter Approval Rate Provided to City Council Meeting Proposed Ad Valorem Tax Rate and Budget Public Hearings Council Meeting FY21 Budget Adoption FY21 Tax Rate Adoption 2 August 27th August 13th Aug 7thJuly 27th thru July 29th February / March / April / May BUDGET DEVELOPMENT CALENDAR Budget Workshops
- 3. NET BUDGET SUMMARY 3 FY21Approved Net Budget Summary Fund Type FY 21 Approved Net Budget Governmental Funds $ 100,582,186 Enterprise Funds 145,197,590 Special Revenue Funds 18,974,756 Subtotal O&M $ 264,754,532 Cash used for Capital Projects 16,870,000 Capital Projects 29,871,652 Subtotal Capital $ 46,741,652 Total Net Budget $ 311,496,184
- 4. 4 BUDGET ADOPTION Two RequiredActions • Budget Ordinance Adoption • Ratify property tax revenue increase included in the Budget Required wording for adoption is at your place