Weatherford
Weatherford City Council, July 29, 2014: 2 items; Presentation of the City Manager's Fiscal Year (FY15) Proposed Budget
0 consent items, 2 regular items, 1 public hearing. Written from the minutes.
Presentation of the City Manager's Fiscal Year (FY15) Proposed Budget. Kyle Lester, Budget and Strategic Planning Manager, stated that this budget contains 19 funds, a total of $40.2 million, and includes all funds except water, wastewater, and electric. The focus areas for this budget include: addressing action items from the strategic plan; outlining principles and strategies for revenue diversification; addressing employee pay; and addressing an ongoing fleet solution. He provided the following General Fund Overview for FY15: The ending fund balance of $8.8 million represents approximately 124 days. The budget does not include outside agency funding at this time; those numbers will be included when staff receives specific directions from Council. This budget contains the following one-time and ongoing expenses: One-Time Ongoing Total Personnel 386,300 721,173 1,107,473 COSI (Cost of Service Increase) - 110,049 110,049 Reserve / Contingency 500,000 - 500,000 Facilities Maintenance 195,791 7,500 203,291 Software 151,927 65,738 217,665 Vehicles 631,415 209,400 840,815 Equipment 63,728 6,400 70,128 Roads/Sidewalks - 250,000 250,000 Other 333,497 - 333,497 2,262,658 1,370,260 3,632,918 Mr. Lester stated that this budget includes $150,000 for a comprehensive plan and citizen survey, as well as $500,000 from landfill royalties for continued development of First Monday Grounds, [...]
Discuss, consider, and provide staff direction on the recommendations of the 2014 Citizen Capital Advisory Committee (CCAC). Terry Hughes, Director of Capital Transportation, presented this item. City Manager Jerry Blaisdell explained that staff was unable to include an Executive Session for real estate on this agenda because we do not have legal descriptions for those properties. Cost estimates were prepared by the consultant based on adjacent land, right-of-way, appraisal costs, and hiring firms for property acquisition. Mr. Hughes reviewed the timeline for development of the current Thoroughfare Plan beginning in July 2011 when Council authorized funding, through presentation of the final report on July 8, 2014. Projects the CCAC recommended for funding include: Mr. Hughes described each of the project areas and spoke briefly about projects that the CCAC chose not to recommend at this time. He reviewed the taxable value of an average home in Weatherford and offered the following comparison of the total tax bill and how that is broken down among our taxing entities: CC 072914 Page 5 of 7 Average Taxable Value $135,764 Total Tax $3,269 Weatherford Tax ($0.4636) $629.02 Hospital ($0.1120) $151.98 College ($0.11298) $153.38 County ($0.329796) $447.74 WISD ($1.39) $1887.12 Mr. Hughes provided the following details regarding the necessary tax increase Every $2.2 [...]
Compiled from the city secretary's minutes by the Ledger's extractor, in the minutes' own wording, item by item; the Ledger adds no characterization. Read the minutes for the full record.
Sources: City of Weatherford: council minutes, July 29, 2014 (Granicus); Agenda for this meeting (Granicus); Meeting video (Granicus)