Subject/Recommendation: |
(Second Reading) Approve an Ordinance of the City of Kyle, Texas, adopting a budget totaling $75,542,631.00 for all City Funds for the ensuing fiscal year beginning October 1, 2017 and ending September 30, 2018; appropriating revenue and expenditure amounts thereof for all City Funds, authorizing water and wastewater service rates, storm drainage fees, other fees and charges for City services as specified in the fee schedule, capital improvements program expenditures, 228.0 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 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 and August 15, 2017, the budget as proposed by the City Manager for Fiscal Year 2017-2018 was amended by City Council for a net increase in estimated expenditures by $716,550 for an amended budget totaling approximately $75.5 million for all City Funds and the addition of four (4) more new positions for a total of seven (7) 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 held public hearings and budget meetings on the Proposed Budget for Fiscal Year 2017-2018 including property tax rates, water and wastewater service rates, storm drainage fees, other fees and charges for various City services, capital improvements program expenditures, and the addition of seven (7) new full time equivalent positions.
All public hearings and budget meetings were held at the Kyle City Hall located at 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. (included public hearings)
- Budget Meeting No. 4: August 22, 2017 at 7:00 p.m. (included public hearings)
The City Council is scheduled to consider approving separate Ordinances to adopt the City's operating and capital budget and ad valorem (property) tax rates for Fiscal Year 2017-2018 on first and second readings at Kyle City Hall located at 100 W. Center Street, Kyle, Texas 78640, as follows:
- Budget Meeting No. 5: August 29, 2017 at 7:00 p.m. (Adoption of Budget and Property Tax Rate Ordinances, 1st Reading)
- Budget Meeting No. 6: September 5, 2017 at 7:00 p.m. (Adoption of Budget and Property Tax Rate Ordinances, 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 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 beginning July 22, 2017 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. |