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HomeMy WebLinkAboutPreliminary (Binder Notes) Operating Budget FY15-16 EULESS CITY COUNCIL WORKSESSION August 1,2015 Texas Star Conference Centre 1400 Texas Star Parkway Euless, Texas 7:00 a.m. - Breakfast— Treaty Room 8:00 a.m. - Meeting— Travis Room 10:00 a.m. — Walk of Champions Induction Ceremony at The Parks at Texas Star 10:30 a.m. Resume Worksession at Texas Star Conference Center The members of the City Council of the City of Euless, Texas, will hold a work session for the purpose of discussing the 2015-2016 Annual Budget and related items including: Capital Improvement Plan General Fund including Tax Rate Insurance and Benefits Risk Management Equipment Replacement Hotel/Motel Half Cent Sales.Tax Crime Control District Car Rental Tax Water and Sewer including rates Texas Star Golf and Conference Centre Texas Star Sports Complex Other Enterprise Funds Debt Funds 5 Year Budget Plan Goals and Objectives Juvenile Curfew Ordinance 2015-2016 Calendar Strategic Planning City Council Communication Elections Development Update, including Glade Parks, Glade Parks South, Midtown and Riverwalk Transportation, including SH183 Update Senior Housing Facility Master Plan Dr. Pepper Stars Center Facility Designations Art Projects Christmas Parade Staffing Levels Legislative Update Code of Ordinance Updates Mayor & Council, First, I want to acknowledge the incredible long hours and weekends that Janina, Jackie and the finance staff has spent preparing this document. This year was particularly challenging due to the budget calendar and deadlines that we must meet. We did not receive our certified tax values until late Friday evening and have receive additional data that we need to calculate the effective tax rate as late as this morning. We do expect the make a few minor changes to the allocation of the tax rate between debt and M&O as a result of the data received today; however, it will not impact the overall recommended tax rate which we have proposed to remain flat. We expect to have those replacement pages for you Saturday morning. We have included a draft of the budget book on our website for tonight' s meeting and will update this as soon as we have the final numbers. Again, these will be very minor tweaks to the tax rate allocation and property tax revenue calculations. As a general overview, our priority was to maintain the tax rate, provide budgets that will allow us to maintain our service levels, provide for a pay plan for our employees, we have included 3.25%, to provide funding for the Capital Improvements Programs that we presented in June and to adequately fund the water and wastewater system. You are going to see that we are proposing increases to both the water and wastewater rates. Our cost to purchase water and have wastewater treatment costs have continued to rise. We have also seen significant increases in the state regulatory fees associated with running a water system. Janina will discuss this is detail shortly. We do plan to cash flow the majority of the capital project with the exceptions being development projects that require financial assistance with public improvements. We recommend funding these from increased revenues generated from the development through use of TIRZ's and PID's. We have this is place for Glade Parks and recommend a similar strategy for the Midtown development. These are the only debt issuances that we anticipate other than the possible issuance of bonds for expansion of the reclaimed water system should Texas Water Development Board again offer low interest/loan forgiveness programs. Glade Parks has achieved enough value to be entitled to reimbursement for their Phase Ill infrastructure improvements and should complete the parking garage and park improvements during the upcoming fiscal year which would also require a debt sale. Janina will walk you through each fund and will spend the majority of her time on our major funds but will be happy to spend as much time as you would like on any area. We will focus on explaining any major changes from the prior year and any new programs or capital that is being recommended. All the budgeted are balanced from ongoing revenues sources except for those cases that we will explain such as Equipment Replacement Fund which accumulates funds through a depreciation charge each year that is then drawn down when the equipment is due for replacement. We have also maintained the recommended reserve levels for each fund. We have used excess reserves to cash flow capital needs rather than building these into the baseline budget or issuing short term debt. We will review each of these in detail. With that, Janina will walk us through the budget. City of Euless, Texas Fiscal Year 2015-2016 Budget Cover Page This budget will raise more revenue from property taxes than last year's budget by an amount of$332,205, which is a 2.49 percent increase from last year's budget. The property tax revenue to be raised from new property added to the tax roll this year is $124,072. • Agenda ',1 Thursday—5:30 Budget Review 1'k``•/, lTiere • Statistics % • Water&Wastewater Fund to • General Fund iheec • Tax Rate • Debt , r... L f a • Car Rental ,r • Other Funds r" • Capital/Supplemental Saturday—8:00 Recap—Budget Review • Tax Rate Discussion • Water Rate Discussion 104 1154 • Rate Stabilization Rebate 15 4 • Capital &Supplemental Items • Dean International—Not funding FY2016 • Capital Projects • Any other issues Saturday—9:30 Break—Go to Texas Star Saturday—10:45 Dedication /' • Locations • Timing • Plaques/Signage • Receptions Saturday—11:00 Discussions /Dr. Pepper Stars Center—RFP—Concession Services 'les VV Early Voting/Arbo?Daze v7 Baker Street Pub&Grill—No filing Fire Hydrant Ordinance — 5 fve2 1)7/ Water Meters—Award of RFP 1/ Tile Dedication—Sunday,Sept 20th—5 pm ----- Christmas Parade Route — oe / Senior Housing (Yacht Club &Apt) Saturday—Noon Break—Lunch Saturday—12:45 Closed Session ✓• Midtown -` . ki r---' ' • Dickey Drive—Lots — /c5 V• Westpark Way Land Saturday—1:45 Open Discussion—Communication Tools/Issues/Concerns V• Daytime Curfew Ordinance • Council Communication • Council Issues • Church at Recreation Center • Grocery Site Plan 8-11 • Grace 8-11 Saturday—2:30 Dismiss 7/13/2015 16:39 Summary of FY2015 One-Time Carryover to FY2016 As of June 30, 2015 One-Time Roll Use of PY 101-3045-521.11-02 8,000 101-8064-531.11-02 25,000 101-9060-590.11-02 24,050 101-9060-590.12-03 85,000 101-9060-590.29-99 225,060 101-9060-590.74-04 106,840 101-9060-590.74-99 445,136 101-0000-490.99-99 919,086 201-7080-550.74-99 42,864 201-0000-490.99-99 42,864 210-1031-513.94-02 - 210-1052-550.74-99 128,889 210-1081-540.73-09 197,575 210-1081-540.74-99 200,925 210-0000-490.99-99 527,389 240-9060-590.74-99 2,640,400 240-0000-490.99-99 2,640,400 501-9060-590.74-99 233,074 501-0000-490.99-99 233,074 610-5015-519.74-99 100,000 610-0000-490.99-99 100,000 615-5020-519.74-99 175,000 615-0000-490.99-99 175,000 4,637,813 4,637,813 ` QN o n0 oo QOooO O O O O O O ' O ' O 2, N 0 Co ^ 0 2, ry 0 N N O O 2 O O O O CO Co O 0 O O O O 0 0 rytoOmnOWntiO OW 0 0 \ atinm OOO O V 1. n OV O N al \ c0 O Co a0 a T 0 N m N 01 . 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