Proposed Budget

1. ADMINISTRATION AND
FINANCE
Presented by:
Robert Galindo
Finance Director
PROPOSED FY 2019-20 BUDGET
ITEM # 7
AUGUST 12, 2019

2. FY2019 – 20 PROPOSED BUDGET
In accordance with Texas State law and generally
accepted accounting standards, the City adopts a
balanced budget for each fiscal year.
The Adopted Budget is required to cover only
those expenditures with revenue for which the City
has authority to levy – Creating a Balanced Budget.

3. BUDGETARY POLICY
The Proposed 2019-20 Budget Revenues cover
operating expenditures and creates working capital of
$325,971 in net revenue after transfers.
This working capital can be returned to the Fund
Balance or designated to fund capital assets or
projects.

4. SUMMARY OF PROPOSED BUDGET FY 2019-20
Tax Rate
General Fund Budget
Comprehensive Fund, Capital Projects, Street
Maintenance Fund & Capital Replacement Fund
Utility Fund Revenues and Allocations
Capital Projects Fund
Questions or Guidance to Staff on Final Budget

5. PROPOSED 2019 TAX RATE PER $100
Current Tax Rate $0.386439
Effective Tax Rate $0.385661
Proposed Tax rate $0.386439
Rollback Rate $0.424832

6. PROPOSED 2019 TAX RATE PER $100
M&O Tax Rate $0.336439
I&S Tax Rate $0.050000
Tax Rate $0.386439
Two Public Hearings are required before the
adoption of the tax rate if the proposed tax
rate is higher than the effective tax rate

7. 7
Projected Beginning Balance 10/1/19 $4,985,666
Proposed Operating Revenues $10,927,616
Proposed Departmental Allocations -$10,601,645
Working Capital from Operations $325,971
Estimated Unreserved Fund Balance 9/30/20 $5,311,637
SUMMARY OF PROPOSED GENERAL FUND BUDGET AND
UNRESERVED FUND BALANCE FY 2019-20

8. 8
Beginning Fund Balance 10/1/19 $ 1,412,202
Proposed Revenue (includes transfer in from
Equity Balance of $635,000)
$4,528,220
Proposed Operating Expenses -$3,209,464
Working Capital $1,318,756
Capital Expenditures -$1,081,000
Bond Payment (principal & interest) -164,200
Transfers to General Fund: -$70,801
Estimated Fund Balance 9/30/20 $1,414,957
PROPOSED UTILITY FUND REVENUES/ALLOCATIONS FOR FY2019-20

9. 9
Funding Summary
Comprehensive
Plan
Street
Maintenance
Capital Projects Capital
Replacement
Projected Fund Balance
10/1/19
$ 66,007 $ 598,555 $ 897,333 $ 1,212,340
Revenues/Transfers $ 57,000 (2) $ 601,945 $ 0 (4) $ 353,049
Expenditures (1) -$ 57,000 -$ 1,200,000 (3) - 743,000 (5) - $ 562,586
Projected Balance
9/30/20
$ 66,007 $ 500 $ 154,333 $ 1,002,803
OTHER GOVERNMENTAL FUNDS PROPOSED FY 2019-20
1) La Jara lighting $42,000, Pocket Park $15,000
2) Street Maintenance sales tax revenue of $601,945 with a total sales tax of ½ cent dedicated to Streets Fund
3) Swimming Pool $700,000, $25,000 for Olmos Basin Cleanup and $18,000 City Hall common area improvements
4) Transfers from General Fund of $353,049
5) Police Interceptors 2; PD Voice Logger, EMS ambulance $170,000, Lease payments for 4 Heart Monitors and 10
SCBAs and stretcher payment, $50,000 for Fire Saber pumper 2024, $50,000 for EMS equipment reserve.

10. 10
Beginning Balance 10/1/19 $897,333
Transfers from General Fund $0
Expenditures
Olmos Basin Clean-up $ 25,000
City Hall Common Areas $ 18,000
Swimming Pool $ 700,000
-$743,000
Estimated Ending Fund Balance 9/30/20 $154,333
PROJECTED CAPITAL PROJECTS FUND
REVENUES/ALLOCATIONS FOR FY 2019-2020

11. 11
Monday, September 9, 2019 Public Hearing for Proposed Budget FY 2019-20
Monday, September 23, 2019 City Council adoption Proposed Budget FY 2019-20
NEXT STEPS

12. COUNCIL ACTION NEEDED
 I move the City hold a public hearing for the
consideration of the Proposed Budget FY 2019-20 on
Monday, September 9, 2019