Subject/Recommendation: |
Consider and possible action on the City's Proposed Budget for Fiscal Year 2017-2018 totaling approximately $75.5 million for all City Funds, as amended by City Council on July 29, 2017, including ad valorem tax rates, water and wastewater rates, storm drainage fees, other fees and charges, and the addition of seven (7) new positions for a total 228.5 full time equivalent positions. ~ J. Scott Sellers, City Manager
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Other Information: |
The Proposed Budget for Fiscal Year 2017-2018 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, 2017 through September 30, 2018.
A general summary of the City Manager's Proposed Budget for Fiscal Year 2017-2018 for all City Funds is provided below:
FOR ALL CITY FUNDS
- Estimated Beginning Fund Balance $ 59,667,126
- Estimated Revenues $ 53,576,959
- Estimated Available Funds $ 113,244,085
- Estimated Expenditures $ 74,816,082
- Estimated Ending Fund Balance $ 38,428,003
During budget deliberations on July 29, 2017, the proposed budget was amended by City Council for a net increase in estimated expenditures by $716,550 and the addition of four (4) new positions. The City Manager's proposed budget and a summary schedule of the budget amendments approved by City Council are attached to this agenda item.
The City Council is scheduled to hold public hearings and budget meetings on the Proposed Budget for Fiscal Year 2017-2018 including property tax rates, water/wastewater rates, 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: May 6, 2017 at 8:00 a.m.
- Budget Meeting No. 2: July 29, 2017 at 8:00 a.m.
- Budget Meeting No. 3: August 15, 2017 at 7:00 p.m. Public Hearing
- Budget Meeting No. 4: August 22, 2017 at 7:00 p.m. Public Hearing
- Budget Meeting No. 5: August 29, 2017 at 7:00 p.m. Budget/Tax Rate Adoption, 1st Reading
- Budget Meeting No. 6: September 5, 2017 at 7:00 p.m. Budget/Tax Rate Adoption, 2nd Reading
All Kyle residents, taxpayers, and interested persons are invited to attend the public hearing and budget meetings to provide comments to the City Council. An electronic copy of the Proposed Operating and Capital Budget for Fiscal Year 2017-2018 has been made available on the City's website beginning July 22, 2017. A printed copy of the proposed budget has also been made available 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. |