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Item 6AOrdinance 915 FY 2008 Proposed Budget September 18, 2007 City of Southlake Strong Values. Strong Results. Integrity ♦ Innovation ♦ Accountability ♦ Commitment to Excellence ♦ Teamwork Overview of FY 2008Proposed Budget Integrity ♦ Innovation ♦ Accountability ♦ Commitment to Excellence ♦ Teamwork Structurally balanced budget Healthy revenue growth Accomplishes priorities without tax rate or utility rate increases and maintains optimum fund balance Provides for pay-as-you-go (cash) funding for important capital and other projects, including technology; and Workforce additions; 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 BudgetFY 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 Healthy Revenue Growth Integrity ♦ Innovation ♦ Accountability ♦ Commitment to Excellence ♦ Teamwork General Fund = 10.3% Utility Fund = 6.6% Other Revenue Funds Park purposes Crime control Court security & technology Tax Increment Reinvestment Zone Library, reforestation, recycling Vehicle replacement New sources of revenue Stormwater Utility Hotel Occupancy Tax 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 Questions? Integrity ♦ Innovation ♦ Accountability ♦ Commitment to Excellence ♦ Teamwork