Subject/Recommendation: |
(Second & Final Reading) Approve an Ordinance of the City of Kyle, Texas, adopting a budget for the ensuing fiscal year beginning October 1, 2016 and ending September 30, 2017; appropriating the revenue and expenditure amounts thereof for all City Funds, authorizing water and wastewater rates, stormwater drainage fees, other fees and charges for various City services as specified in the fee schedule, full time equivalent positions, carryover of encumbrances, all associated budget schedules and documents, and repealing all Ordinances or parts of Ordinances in conflict therewith; and providing for an effective date. ~ J. Scott Sellers, City Manager |
Other Information: |
The Proposed Budget for Fiscal Year 2016-17 is a complete financial plan for all City Funds, programs, services, operations, and capital improvement program (CIP) activities for the 12-month period October 1, 2016 through September 30, 2017.
A general summary of the City Manager's Proposed Budget, as amended by City Council on August 17, 2016 and August 24, 2016 for Fiscal Year 2016-17 for all City Funds is provided below:
FOR ALL CITY FUNDS
- Estimated Beginning Fund Balance $ 52,505,423
- Estimated Revenues $ 50,530,379
- Estimated Available Funds $103,035,802
- Estimated Expenditures $ 80,386,616*
- Estimated Ending Fund Balance $ 22,649,186
*Reflects estimated expenditures totaling $32.8 million utilizing existing funds; $21,023,915 road bonds, $10,833,900 impact fees, $765,000 street maintenance fund, and $160,000 park development fund.
The City Council held public hearings and budget meetings on the Proposed Budget for Fiscal Year 2016-17 including property tax rates, water/wastewater rates, stormwater drainage fees, and other fees and charges for various City services at the Kyle City Hall, 100 W. Center Street, Kyle, Texas 78640, as follows:
- Budget Meeting No. 1: July 30, 2016 at 8:00 a.m.
- Budget Meeting No. 2: August 17, 2016 at 7:00 p.m.
- Budget Meeting No. 3: August 24, 2016 at 7:00 p.m.
The City Council is scheduled to consider approving an Ordinance to adopt the budget for Fiscal Year 2016-17 on first and second readings as follows:
- Budget Meeting No. 4: August 31, 2016 at 7:00 p.m. (Budget Adoption, 1st Reading)
- Budget Meeting No. 5: September 6, 2016 at 7:00 p.m. (Budget Adoption, 2nd Reading)
All Kyle residents, taxpayers, and interested persons are invited to attend the public hearing and budget meetings and to provide their comments to the City Council. An electronic copy of the Proposed Operating and Capital Budget for Fiscal Year 2016-17 has been made available on the City's website beginning July 22, 2016. A printed copy of the proposed budget has also been made available beginning July 22, 2016 for public inspection during business hours at the Kyle City Hall located at 100 W. Center Street, Kyle, Texas 78640 and at the Kyle Public Library located at 550 Scott Street, Kyle, Texas 78640. |