Title
Consideration of and action on an ordinance adopting the FY 2024-2025 Budget for the City of Deer Park.
Body
Summary: City staff began working on development of the FY 2024-2025 Budget during the early spring of 2024 when each department was asked to begin planning for the new fiscal year including consideration of cost cutting measures. A budget workshop was held on June 24, 2024 to assist in the preparation of the proposed budget. A public hearing on the proposed budget was held on August 6, 2024. It is now time for Council to consider action on the final FY 2024-2025 Budget, which includes several changes from the Proposed FY 2024-2025 Budget presented to Council on July 16, 2024. These proposed changes, representing a net increase in expenditures of $1,185,165 are itemized on the attached Explanation of Changes.
With these changes, the final proposed budgeted expenditure totals by fund are as follows:
General Fund - $56,162,010
Water & Sewer Fund - $17,935,029
Debt Service Fund - $11,535,085
Special Revenue Fund - $1,339,818
Capital Improvements Fund - $6,210,370
Asset Replacement Fund - $2,153,985
Storm Water Utility Fund - $1,143,283
Golf Course Lease Fund - $560,400
TOTAL ALL FUNDS - $97,039,980
Note: The FY 2024-2025 budgets for the Crime Control and Prevention District ("CCPD"), the Fire Control, Prevention, and Emergency Medical Services District ("FCPEMSD"), and the Deer Park Community Development Corporation ("DPCDC") were adopted pursuant to applicable laws and are in addition to the amounts above. These budgets, which are included in the City's budget as "component units", reflect total expenditures as follows:
CCPD - $2,058,593
FCPEMSD - $2,204,215
DPCDC - $8,692,391
Fiscal/Budgetary Impact:
N/A.
Recommended action
Take a record vote to approve the ordinance adopting the FY 2024-2025 Budget for the City of Deer Park. (Note: the vote to adopt the budget must be a record vote pursuant to Local Government Code, Chapter 102, Sectio...
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