Subject/Recommendation: |
(Second Reading) Approve an Ordinance of the City of Kyle, Texas, adopting a budget totaling $134.2 million for all City Funds for the ensuing fiscal year beginning October 1, 2020 and ending September 30, 2021; appropriating revenue and expenditure amounts thereof for all City Funds, authorizing a 10.0 percent increase in water service rates, a 10.0 percent increase in wastewater service rates, no change in storm drainage fees, a 2.5 percent increase in solid waste service charges, all other fees and charges for City services as provided for in the fee schedule, capital improvement program expenditures, addition of twenty-two (22.0) new full-time positions for a total of 279.0 full-time equivalent positions, carryover of encumbrances, all associated schedules and documents, and repealing all Ordinances in conflict herewith; and providing for an effective date. ~ J. Scott Sellers, City Manager |
Other Information: |
Article VIII, Sec. 8.05 of the Kyle City Charter requires the City Manager for the timely preparation and presentation of the budget and to present the recommended budget to the City Council no later than sixty (60) days prior to October 1st of each year.
In a special called City Council meeting held on Saturday, August 1, 2020, in compliance with the requirements of the City Charter, the City Manager presented the City's proposed budget for Fiscal Year 2020-2021 to the City Council for their review and consideration.
The proposed budget for fiscal year 2020-2021 is a complete financial plan for all City funds, programs, services, operations, and capital improvement program (CIP) activities for the period covering October 1, 2020 through September 30, 2021.
The proposed budget for fiscal year 2020-2021 for all City expenditures, as amended by City Council on August 1, 2020, totals approximately $134.2 million and includes 279.0 full time equivalent positions. Of the total $134.2 million proposed budget, the City’s General Fund budget for fiscal year 2020-2021 totals approximately $30.2 million for operations and maintenance and approximately $8.9 million in one-time transfers from the fund balance primarily to pay for major capital improvement projects instead of issuing bond debt.
A general summary of the City’s proposed budget for fiscal year 2020-2021 for all City Funds including debt service is provided below:
FOR ALL CITY FUNDS:
- Estimated Beginning Fund Balance $ 113,678,017
- Estimated Revenue $ 84,521,747
- Estimated Available Funds $ 198,199,764
- Estimated Expenditures $ 134,160,940 *
- Estimated Ending Fund Balance $ 64,038,825
*Includes expenditure of accumulated funds from prior fiscal years such as road bond proceeds, water and wastewater impact fees, park development fees, re-prioritization of capital funds, and the one-time use of fund balances.
During budget deliberations on August 1, 2020, the City Council approved amendments to the City Manager's proposed budget for Fiscal Year 2020-2021. All amendments to the proposed budget approved by the City Council are attached to this agenda item.
The Kyle City Council has held budget meetings and is also scheduled to hold additional budget meetings and public hearings on the proposed budget, property tax rates, water and wastewater service rates storm drainage fee, and other fees and charges for various City services for Fiscal Year 2020-2021 on the following dates:
- City Council Budget Worksession No. 1: Saturday, June 13, 2020 at 8:00 a.m. (Completed)
- City Council Budget Worksession No. 2: Saturday, August 1, 2020 at 8:00 a.m. (Completed)
- City Council Budget Worksession No. 3: Tuesday, August 18, 2020 at 7:00 p.m.
- City Council Budget Worksession No. 4: Tuesday, August 25, 2020 at 7:00 p.m.
All Kyle residents and interested persons are invited to attend the City Council’s budget meetings and public hearings to provide their comments to the City Council. An electronic copy of the City Manager’s proposed operating and capital budget for fiscal year 2020-2021 is available on the City's web page at:
https://www.cityofkyle.com/finance/budget-development-fy-2020-2021
A printed copy of the complete proposed budget document is also available for public inspection during business hours (except on a City holiday) at Kyle City Hall located at 100 West Center Street, Kyle, Texas, and at Kyle Public Library located at 550 Scott Street, Kyle, Texas.
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