Title
Discussion of issues relating to the Fiscal Year 2019-2020 Final Budget.
Body
Summary:
The key dates in the development of the FY 2019-2020 Budget were as follows:
• March 25, 2019: Staff budget kick-off meeting.
• March 25 - April 29, 2019: Preparation of departmental budget requests.
• April 29 - May 22, 2019: City Manager/Assistant City Manager/Finance Director Meetings with Department Heads to discuss FY 2018-2019 budget estimates and FY 2019-2020 budget requests.
• June 24, 2019: City Council budget workshop.
• August 1, 2019: City Manager submitted the Proposed FY 2019-2020 Budget, and Council called a public hearing.
• August 20, 2019: Council conducted public hearing on the proposed FY 2019-2020 Budget.
The City Charter states that the budget shall, by ordinance, be adopted no later than the last regular meeting in September of each year. Therefore, it is now time for Council to adopt the Final FY 2019-2020 Budget. Subsequent to the public hearing on the budget, it has become necessary to include certain changes in the final budget document. The City Charter states that after the public hearing, but before final adoption of the proposed budget, the Council may delete or insert items of expenditure or may increase or decrease the amount of any item of expenditure, except those fixed by law. The following summarizes the changes from the Proposed FY 2019-2020 Budget presented to Council on August 1, 2019 (note: these changes are itemized on the attached explanation of changes):
General Fund = Total increase of $257,748.
Special Revenue Fund = Total decrease of $45,000.
Debt Service Fund = Total decrease of $320,058.
Water & Sewer Fund = Total increase of $291,852
Capital Improvements Fund = Total increase of $800,000.
Golf Course Lease Fund = Total increase of $160,000.
These changes result in a net increase in expenditures of $1,144,542 in the final proposed budget. The final totals by fund are summarized below:
General Fund - $45,750,008
Special Revenue Fund - $2,174,726
Debt Service Fund - $5,558,123
Water & Sewer Fund - $13,141,053
Storm Water Utility Fund - $594,299
Golf Course Lease Fund - $521,300
Capital Improvements Fund - $5,341,250
Chapter 380 Reimbursement Fund - $130,000
TOTAL ALL FUNDS - $73,210,759
It should be noted that the FY 2019-2020 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 - $2,715,573
FCPEMSD - $1,942,381
DPCDC - $1,959,349
Fiscal/Budgetary Impact:
N/A.
Recommended action
Discussion only during Workshop. A proposed ordinance adopting the FY 2019-2020 Budget is included on the September 17, 2019 Regular Council Meeting Agenda.