Title
Consideration of and action on an ordinance adopting the FY 2017-2018 Budget.
Body
Summary: City staff began working on development of the FY 2017-2018 Budget during the early spring of 2017 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 26, 2017 to assist in the preparation of the proposed budget. A public hearing on the proposed budget was held on August 15, 2017. It is now time for Council to consider action on the Final FY 2017-2018 Budget, which includes several changes from the Proposed FY 2017-2018 Budget presented to Council on July 31, 2017. These proposed changes, which total $385,620, are itemized on the attached Explanation of Changes, and while a more detailed review of the changes will be presented in the Council workshop, a brief summary of the changes by fund is as follows:
General Fund: The total increase of $46,470 - to be funded by prior year revenue - represents $5,469 for additional personnel costs related to recent reclassifications, $20,856 to cover TMRS for part-time staff expected to exceed the 1,000 hour threshold, and $20,145 of capital outlay for budgeted projects that will not be completed in the current fiscal year.
Special Revenue Funds: The total increase of $189,150 - to be funded by the prior year revenue of the Hotel/Motel Tax Fund - represents $169,150 for budgeted wayfinding signs that will not be completed in the current fiscal year, $5,000 for host fees for the Texas Non-Profit Theater Festival, and $15,000 for consulting services related to the Golf Course Bridge.
Water & Sewer Fund: The total increase of $50,000 - to be funded by fund reserves - represents an addition to the contingency in contemplation of possible effects from Hurricane Harvey that are unknown at this time.
Capital Improvements Fund: The total increase of $100,000 - to be funded by fund reserves - represents expenditures for budgeted sidewalks that will not be completed in the current fiscal year.
With these changes, the final proposed budgeted expenditure totals by fund are summarized below:
General Fund - $42,503,051
Special Revenue Fund - $1,975,718 (includes $529,585 for grants)
Debt Service Fund - $7,018,928
Water & Sewer Fund - $10,958,161
Storm Water Utility Fund - $337,500
Golf Course Lease Fund - $176,000
Capital Improvements Fund - $6,506,253
TOTAL ALL FUNDS - $69,475,611
Note: The FY 2017-2018 budgets for the Crime Control and Prevention District ("CCPD"), the Fire Control, Prevention, and EMS 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 - $1,442,096
FCPEMSD - $3,810,343
DPCDC - $2,700,900
Fiscal/Budgetary Impact:
N/A.
Recommended action
Take a record vote to approve the ordinance adopting the FY 2017-2018 Budget. (Note: the vote to adopt the budget must be a record vote pursuant to Local Government Code, Chapter 102, Section 102.007).