Title
Consideration of and action on an ordinance adopting the FY 2019-2020 Budget.
Body
Summary: City staff began working on development of the FY 2019-2020 Budget during the early spring of 2019 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, 2019 to assist in the preparation of the proposed budget. A public hearing on the proposed budget was held on August 20, 2019. It is now time for Council to consider action on the final FY 2019-2020 Budget, which includes several changes from the Proposed FY 2019-2020 Budget presented to Council on August 1, 2019. These proposed changes, representing a net change in expenditures of $1,144,542, are itemized on the attached Explanation of Changes and will be reviewed during the Council workshop.
With these changes, the final proposed budgeted expenditure totals by fund are as follows:
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
Note: 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
Take a record vote to approve the ordinance adopting the FY 2019-2020 Budget. (Note: the vote to adopt the budget must be a record vote pursuant to Local Government Code, Chapter 102, Section 102.007).