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G-06-09-28-13A1 - 9/28/2006ORDINANCE NO. 4'1010-0N-07§' 134 1 AN ORDINANCE APPROVING AND ADOPTING A BUDGET FOR THE CITY OF ROUND ROCK, TEXAS, FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2006, AND ENDING SEPTEMBER 30, 2007, DIRECTING THE CITY SECRETARY TO FILE A TRUE COPY OF THE BUDGET WITH THE COUNTY CLERK OF WILLIAMSON COUNTY, 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, 2006, and ending September 30, 2007, and WHEREAS, proper and timely notice that public hearings on such budget would be held on September 14, 2006, and September 28, 2006, 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 14, 2006, and September 28, 2006, 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 attached budget for the fiscal year beginning October 1, 2006 and ending September 30, 2007, is hereby in all things approved and adopted and it shall be effective as of October 1, 2006. The City Secretary is directed to file a certified copy of this ordinance along with a true copy of the attached budget with the County Clerk of Williamson County, Texas. @PFDes ktop\::ODMA/WORLDOX/O:/wdox/ORDINANC/Oo0914A1.WPD/rmc 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 1'�(�'' " day of 6.eporyo.eu , 2006. READ, APPROVED and ADOPTED on second reading this the M41Ljday of defikrY1-114.AJ , 2006. NYLE City o Round Rock, Texas CHRISTINE R. MARTINEZ, City Secret 2. dry City of Round Rock 2006-2007 Proposed Operating Budget Fund Summaries General Fund Total Revenues Total Expenditures Change in Fund Balance 1& S GO Debt Service Total Revenues Total Expenditures Change in Fund Balance Utility Fund Total Revenues Total Expenditures Change in Working Capital 2005-2006 Approved Budget 70, 598, 000 (70,595,268) 2,732 9,745,594 (10,014,359) (268,765) 27,056,500 (27,050,440) 6,060 2006-2007 Proposed Budget 78,864,000 (78,858,648) 2007-2008 Projected Budget $ 79,698,000 (78,835,344) (1) 5,352 $ 862,656 10,541,000 $ 11,755,000 (11,661,155) (11,774,096) (1,120,155) $ (19,096) 28,636,433 (28,635,765) $ 29,422,500 (30,703,315) (2) 668 (3) $ (1,280,815) (1) Projections for FY 2007-2008 General Fund do not include new programs estimated at $3,253,032 (2) Projections for FY 2007-2008 Utility Fund do not include new programs estimated at $156,159 (3) These funds are designated for utility system improvements and resulting new operating programs. These programs will span multiple fiscal years to accommodate substantial growth in the customer base. Summary of Receipts and Expenditures Operating Funds October 1, 2006 through September 30, 2007 Estimated Fund Balance/ Working Capital 10/1/06 Less Reserves (1) Estimated Revenue Interfund Transfers Total Funds Available Proposed Expenditures Estimated Unreserved Fund Balance/ Working Capital 9/30/07 $ General Fund $ 28,718,848 (27,673,354) 77,174, 000 1,690,000 79,909,494 (78,858,648) 1,050,846 City of Round Rock 2006-2007 Proposed Operating Budget I & S GO Bond Debt Service Fund $ 1,374,775 0 10, 010, 000 531,000 11,915,775 (11,661,155) Water and Wastewater Utility Fund $ 15,545,774 (10,308,876) 28,636,433 (1,926,000) 31,947,331 (26,709,765) $ 254,620 $ 5,237,566 (2) (1) Reserves are established in accordance with operating reserve policies. (2) Funds are designated for Capital Improvements to the Utility System. General Fund Expenditure Summary Department City of Round Rock 2006-2007 Proposed Operating Budget 2005-2006 2006-2007 Budget 2007-2008 Approved Proposed Increase Projected Budget Budget (Decrease) Budget 10-12 Administration $ 1,915,433 $ 1,925,920 $ 10,488 $ 1,958,757 10-13 Legal Services 1,026,108 1,105,725 79,617 1,205,725 10-14 Planning & Community Development 1,815,079 1,731,164 (83,915) 1,751,968 10-15 Information Technology 1,170,210 1,336,194 165,984 1,266,184 10-16 Building Inspections 861,791 809,770 (52,020) 817,562 10-17 Finance 1,317,711 1,374,052 56,340 1,388,466 10-18 Purchasing 485,330 485,526 196 494,325 10-19 General Services 12,832,500 15,760,800 2,928,300 15,373,701 10-20 Library 2,209,114 2,291,831 82,717 2,300,117 10-21 Police 16,498,533 18,146,511 1,647,978 18,664,616 10-22 Fire 9,902,228 10,926,609 1,024,381 11,017,725 10-23 Parks & Recreation 8,185,500 8,425,971 240,471 8,268,484 10-24 Human Resources 805,963 914,568 108,606 920,926 10-25 Engineering & Development Svcs. 3,027,622 3,146,438 118,816 3,046,804 10-26 Street 6,137,321 7,720,755 1,583,434 7,907,418 10-27 Transportation Services 752,347 1,010,341 257,993 759,319 10-28 City Shop 1,018,460 1,087,570 69,110 1,015,677 10-29 Municipal Court 634,018 658,902 24,884 677,571 Total - General Fund Expenditures $ 70,595,268 $ 78,858,648 $ 8,263,380 $ 78,835,344 *Projections for FY 2007-2008 do not include new programs estimated at $3,253,032 City of Round Rock 2006-2007 Proposed Operating Budget Utility Fund Expenditure Summary Department 20-40 Utility Administration 20-41 Water Treatment Plant 20-42 Water Systems Support 20-43 Water Line Maintenance 20-61 Wastewater Treatment Plant 20-62 Wastewater Systems Support 20-63 Wastewater Line Maintenance 20-64 Environmental Services 20-81 Utility Billings & Collections 20-95 Utility Transfers Total - Utility Fund Expenditures 2005-2006 Approved Budget 2006-2007 Proposed Budget $ 1,113, 397 $ 1,123,479 $ 5,583,578 6,686,795 2,830,829 3,086,879 2,099,973 2,058,901 6,973,663 7,155,654 943,116 1,205,406 1,715,231 1,639,055 419,067 439,345 1,093,585 1,114,251 4,278,000 4,126,000 Budget Increase (Decrease) 10,082 $ 1,103,217 256,050 (41, 072) 181,991 262,290 (76,176) 20,277 20,667 (152,000) 2007-2008 Projected Budget 1,117,288 6,977,033 3,055,577 2,097,548 8,807,000 1,212,856 1,660,464 455,193 1,144, 355 4,176, 000 $ 27,050,440 $ 28,635,765 $ 1,585,326 $ 30,703,315 * *Projections for FY 2007-2008 do not include new programs estimated at $156,159 DATE: September 21, 2006 SUBJECT: City Council Meeting - September 28, 2006 ITEM: 13.A.1. Consider an ordinance adopting of the 2006-2007 Operating Budget for the City of Round Rock. (Second Reading) Department: Finance Staff Person: Cindy Demers, Finance Director Justification: The Operating Budget consists of the General Fund, General Debt Service Fund and the Water/Wastewater Utility Fund. The City Manager's proposed operating budget has been adjusted from the budget previously provided to the Council on July 27. This change includes the additional funding for Parks Improvements Projects of $656,000. The budget provides improved levels of service for a growing community balanced at the effective tax rate for the general and debt service funds and competitive water and wastewater rates for the utility fund while adhering to the City's financial policies. Funding : Cost: N/A Source of funds: N/A Outside Resources: N/A Background Information: 2006 (FY 2006-2007) Proposed Tax Rate - $0.37105 2006 (FY 2006-2007) Effective Tax Rate - $0.35618 2005 (FY 2005-2006) Tax Rate - $0.37105 The proposed tax rate of $0.37105 is required to balance the FY 2006-2007 Operating Budget. This rate is same tax rate adopted in 2005 (FY 2005-2006), and is $0.01487 above the 2006 (FY 2006-2007) effective tax rate. Under this proposal, taxes on the average homestead would increase by $26.02 or 4.54% compared with last year's taxes. Individual taxes may increase or decrease at a greater or lesser rate, depending on the change in taxable value of the individual property. The proposed utility budget is balanced with a planned 3% average rate increase. This increase is necessary due to increasing operating costs as well as continued investment in the utility's long-term reserve water and infrastructure needs. Public Comment: Public hearings regarding the proposed FY 2006-2007 Operating Budget are being held on September 14, 2006 and September 28, 2006. The 1st public hearing regarding the tax rate was held on September 7, 2006 and a second public hearing is being held on September 14, 2006.