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Item 6BOrdinance 915 FY 2008 Proposed Budget September 4, 2007 City of Southlake Strong Values. Strong Results. Integrity ♦ Innovation ♦ Accountability ♦ Commitment to Excellence ♦ Teamwork Overview of FY 2008 Proposed Budget Structurally balanced budget Healthy revenue growth Accomplishes priorities without tax rate or utility rate increases and maintains optimum fund balance Council Neighborhood Core Service Workforce Future financial condition All Funds Summary (Expenditures) General Fund $29,641,168 Strategic Initiative Fund $1,920,000 Vehicle Replacement Fund $955,500 Crime Control District Fund $298,605 SPDC Fund $2,380,389 Utility Fund $19,306,186 Debt Service Fund $7,264,834 Other Revenue Funds (Reforestation, Bicentennial Concessions, Park Dedication, Hotel Occupancy, Library, Recycling, Court Funds & TIF Operating) $970,035 Total Expenditures $63,427,902 Stormwater Fund $691,185 Capital Budget FY 2008 Integrity  Innovation  Accountability  Commitment to Excellence  Teamwork FY2008 Capital Budget by Project Type Integrity  Innovation  Accountability  Commitment to Excellence  Teamwork Questions? Integrity ♦ Innovation ♦ Accountability ♦ Commitment to Excellence ♦ Teamwork Council Priority Investments Integrity ♦ Innovation ♦ Accountability ♦ Commitment to Excellence ♦ Teamwork Safety & Security Mobility Infrastructure Performance Management Quality Development Partnerships & Volunteerism Community Priority Investments Integrity ♦ Innovation ♦ Accountability ♦ Commitment to Excellence ♦ Teamwork 2006 Citizen Survey Speeding on neighborhood streets Condition of streets Storm water improvements Trash/recycling Neighborhood Investments Integrity ♦ Innovation ♦ Accountability ♦ Commitment to Excellence ♦ Teamwork Street improvements Water system improvements Sewer system improvements Drainage system improvements Street sweeping (limited) Neighborhood parks Sidewalks Core Service Investments Integrity ♦ Innovation ♦ Accountability ♦ Commitment to Excellence ♦ Teamwork Communication & technology initiatives Facility maintenance Records management Fleet management Workforce Investments Integrity ♦ Innovation ♦ Accountability ♦ Commitment to Excellence ♦ Teamwork Compensation strategies Workforce additions TMRS service provisions Promote learning & growth Workforce Additions General Fund Police Officers (3) Chief Const. Inspector Librarian Accountant Training & Safety Coordinator Accounting Asst. Other Funds Construction Manager Crew Leader Utility Workers (2) Utility Technician Multi-Year Perspective Integrity  Innovation  Accountability  Commitment to Excellence  Teamwork GENERAL FUND REQUESTS FY2008 CAPITAL BUDGET – ROADS FY2008 CAPITAL BUDGET – ROADS ROADWAY IMPACT FEE FUND REQUESTS Total Roads = $7,550,000 FY2008 CAPITAL BUDGET – WATER & SEWER WATER SEWER Total Water & Sewer = $6,120,000 FY2008 CAPITAL BUDGET – TRAILS & PARKS TRAILS PARKS Total = $2,455,000 FY2008 CAPITAL BUDGET – OTHER Total Facilities = $11,848,000 FACILITIES Total Stormwater = $2,500,000 STORMWATER