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G-13-09-26-G1 - 9/26/2013ORDINANCE NO. e7-- 3�09'2�-�l AN ORDINANCE APPROVING AND ADOPTING A BUDGET FOR THE CITY OF ROUND ROCK, TEXAS, FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2013, AND ENDING SEPTEMBER 30, 2014, DIRECTING THE CITY CLERK TO FILE A TRUE COPY OF THE BUDGET WITH THE COUNTY CLERKS OF WILLIAMSON AND TRAVIS COUNTIES, TEXAS. WHEREAS, the City Manager of the City of Round Rock, Texas, has heretofore submitted, in accordance with the state law and the City's Charter, a budget for said City, for the fiscal year beginning October 1, 2013, and ending September 30, 2014; and WHEREAS, proper and timely notice that public hearings on such budget would be held on September 12, 2013, and September 26, 2013, was given and made in accordance with the law and within the time limits set forth by law; and WHEREAS, such public hearings were held in accordance with law on September 12, 2013, and September 26, 2013, prior to final adoption of this ordinance; Now Therefore BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ROUND ROCK, TEXAS, THAT: The budget submitted by the City Manager for the fiscal year beginning October 1, 2013 and ending September 30, 2014, is hereby in all things approved and adopted and it shall be effective as of October 1, 2013. In accordance with §102.008(1), Local Government Code, the Director of Finance is directed to file with the City Clerk a true copy of the final budget as adopted by the City Council, and the City Clerk is directed to certify as a true copy said budget and file it with this ordinance in the official records of the City. In accordance with § 102.008(2), Local Government Code, the Director of Finance is directed to take action to ensure that a copy of the budget is posted on the City's website. 0112.1304,00281705 In accordance with § 102.009(d), Local Government Code, the City Clerk is directed to file a certified copy of this ordinance along with a true copy of the budget with the County Clerk of Williamson County and the County Clerk of Travis County. The City Council hereby finds and declares that written notice of the date, hour, place and subject of the meeting at which this Ordinance was adopted was posted and that such meeting was open to the public as required by law at all times during which this Ordinance and the subject matter hereof were discussed, considered and formally acted upon, all as required by the Open Meetings Act, Chapter 551, Texas Government Code, as amended. READ and APPROVED on first reading this the 12 -41j -day of cr_41).(C4A, L -y 2013. READ, APPROVED and ADOPTED on second reading this the day of -�CiIM L 4.1 , 2013. ATTEST: q1/1/1/1/L' SARA L. WHITE, City Clerk ALAN MCGRAW, Mayor City of Round Rock, Texas 2 ROUND ROCK, TEXAS PURPOSE 1115 ICK PROSPERITY City of Round Rock Agenda Item Summary Agenda Number: G.1 Title: Consider public testimony regarding, and an ordinance adopting the FY 2013-2014 Operating Budget for the City of Round Rock. (Second Reading) Type: Ordinance Governing Body: City Council Agenda Date: 9/26/2013 Dept Director: Cheryl Delaney, Finance Director Cost: Indexes: Attachments: Ordinance, General Fund Summary, Utility Fund Summary, Fund Balance Summaries Text of Legislative File 13-702 Item Summary: The proposed $144.2M Operating Budget consists of the General Fund, General Debt Service Fund and Water/Wastewater Utility Fund. The General Fund includes costs related to operations of basic city services such as public safety, parks and library services. The Water/Wastewater Utility Fund sets rates based on the cost of service. There is no retail rate adjustment for the Water/Wastewater Utility Fund in this budget. The proposed tax rate of $0.41949 is required to balance the FY 2013-2014 Operating Budget. Under this proposal, taxes on the average homestead (appraised value of $181,526) would be $761 annually. Individual taxes may increase or decrease from last year, depending on the change in taxable value of the property. 2013 Proposed Tax Rate (FY 2013-2014) - $0.41949 2013 Effective Tax Rate (FY 2013-2014) - $0.40749 2012 Tax Rate (FY 2012-2013) - $0.42035 The General Fund budget maintains current service levels for our community, competitive water and wastewater rates for the utility fund while adhering to the City's financial policies . Public hearings regarding the proposed FY 2013-2014 Operating Budget are being held September 12 and September 26, 2013. The second public hearing and first reading of the ordinance regarding the tax rate is being held September 12 and a second reading of the City of Round Rock Page 1 Printed on 9/23/2013 Agenda Item Summary Continued (13-702) ordinance is being held September 26, 2013. Cost: NA Source of Fund: NA Action: Staff recommends approval of the second reading. City of Round Rock Page 2 Printed on 9/23/2013