Title
Discussion of issues relating to the Fiscal Year 2021-2022 Final Budget.
Body
Summary:
The key dates in the development of the FY 2021-2022 Budget were as follows:
• April 5, 2021: Staff budget kick-off meetings.
• April 5 - April 26, 2021: Preparation of departmental budget requests.
• April 26 - May 27, 2021: City Manager/Assistant City Manager/Finance Director Meetings with Department Heads to discuss FY 2020-2021 budget estimates and FY 2021-2022 budget requests.
• June 28, 2021: City Council budget workshop.
• July 27, 2021: City Manager submitted the Proposed FY 2021-2022 Budget, and Council called a public hearing.
• August 17, 2021: Council conducted public hearing on the proposed FY 2021-2022 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 2021-2022 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 2021-2022 Budget presented to Council on July 27, 2021 (note: these changes are itemized on the attached explanation of changes):
General Fund = Total increase of $635,507
Water & Sewer Fund = Total decrease of $776,481
Debt Service Fund = Total increase of $871,117
Special Revenue Fund = Total increase of $300,000
Capital Improvements Fund = Total decrease of $3,866,636
Capital Equipment Replacement Fund = Total increase of $30,400
Golf Course Lease Fund = Total increase of $27,200
These changes result in a net decrease in expenditures of $2,778,893 in the final proposed budget. The final totals by fund are summarized below:
General Fund - $44,889,277
Water & Sewer Fund - $11,873,914
Debt Service Fund - $8,919,268
Special Revenue Fund - $4,286,054
Capital Improvements Fund - $5,713,974
Capital Equipment Replacement Fund - $1,397,556
Storm Water Utility Fund - $500,194
Golf Course Lease Fund - $898,439
Chapter 380 Reimbursement Fund - $102,000
TOTAL ALL FUNDS - $78,580,676
It should be noted that the FY 2021-2022 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 - $6,495,697
FCPEMSD - $1,817,615
DPCDC - $11,456,586
Fiscal/Budgetary Impact:
N/A.
Recommended action
Discussion only during Workshop. A proposed ordinance adopting the FY 2021-2022 Budget is included on the September 21, 2021 Regular Council Meeting Agenda.