1992-07-28 CITY OF SOUTHLAKE
667 N. Carroll Avenue
CITY COUNCIL WORK SESSION
July 28, 1992 7:00 p.m.
MINUTES
COUNCILMEMBERS PRESENT: Mayor, Gary Fickes; Mayor Pro Tem Rick
Wilhelm; Deputy Mayor Pro Tem Jerry Farrier. Members: Stephen
Apple and Jon Michael Franks.
COUNCILMEMBERS ABSENT: Barry Emerson and Mike O'Brien.
CITY STAFF PRESENT: Curtis Hawk, City Manager; LouAnn Heath,
Director of Finance; Michael Barnes, Director of Public Works;
Malcolm Jackson, Deputy Director of Public Safety, Police Services;
Jerry Williams, Deputy Director of Public Safety, Fire Services;
Chris Terry, Assistant to the City Manager; Greg Last, Director of
Community Development; and, Sandra L. LeGrand, City Secretary.
Agenda Item #1, Call to Order
Mayor Fickes called the work session to order and noted the purpose
of the session was the first Budget Session for FY92 -93 Budget.
Agenda Item #2, Discussion: Fiscal Year 1992 -93 Budget
The City Manager, Curtis Hawk, stated he will file with the City
Secretary on August 1, 1992, the proposed budget for FY 92 -93.
Mr. Hawk also noted Budget Work Session will be held on August 11,
12, and 13, beginning at 7:00 p.m. Also, on each Council agenda
for the next several regular meeting, the Budget will be on the
agenda.
During the session tonight the City Manager, and Director of
Finance, LouAnn Heath reviewed the information attached to the
minutes (pages 1 through 11, dated July 28, 1992).
Agenda Item #3, Adjournment
The Council Budget Work Session was adjourned a ' 30 p.m.
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ayor Gar' Fi ' es
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andra L. LeGrand - �. -"NAL ' a
City Secretary t �� ti I.
CITY OF SOUTHLAKE 7/z</Ia.Z,
TAXABLE PROPERTY VALUES
1992 -93 1991 -92 Difference Percent
September values not available $570,763,061 n/a n/a
July 25 certified values 608,254,817 569,475,542 38,779,275 6.81%
May 15 certified values 621,449,533 579,469,791 41,979,742 7.24%
New Construction 31,645,801 28,859,890 2,785,911 9.65%
Protested properties 19,578,524 7,241,768 12,336,756 170.36%
(Minimum value)
Exemptions/Deferrals
Agricultural 78,029,412 77,004,017 1,025,395 1.33%
Public Access 601,728 0 601,728 100.00%
Disabled Veteran 90,189 87,500 2,689 3.07%
Over -65 8,736,574 7,975,739 760,835 9.54%
Disabled Person 805,932 557,117 248.815 44.66%
TOTAL 88,263,835 85,624,373 2,639,462
EFFECTIVE TAX RATE/LIMITS
Effective Tax Rate S0.45084
Notice and Hearing Limit $0.46437
Rollback Tax Rate $0.47496
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PROPERTY TAX propcax3.wk3
REVENUE ALLOCATION 1992 -93
AMOUNT
Total Appraised Value 1992 5696,518,652
Less Exemptions ( -) (88263,835)
Total Taxable Value (Assessed Value) (_) 608,254,817
Proposed Tax Rate (X) 0.47250
Estimated Tax Levy (_) 2.874,004
Estimated Percent of Collections (x) 97.00%
Estimated Current Tax Collections ( =) 2,787,784
Estimated Delinquent Collections,
Penalty, and Interest (+) 225,000
Estimated Available Funds (_) 53.012,784
PROPOSED DISTRIBUTION
GENERAL FUND RATE PERCENT TOTAL
Current 50.33982 71.05% S1,980,735
Delinquent ( +) 225,000
Total General Fund ( =) 2,205,735
DEBT SERVICE FUND
Current 0.13268 28.95% 807,049
Total General and Debt Service Funds 50.47250 100.00% S3.012.784
HISTORICAL TAX INFORMATION
DEBT
NET GENERAL SERVICE TOTAL
FISCAL TAXABLE FUND FUND TAX
YEAR VALUE RATE RATE RATE
1992 -93 S608,254,817 S0.33982 50.13268 S0.47250
1991 -92 569,475,542 0.31985 0.13515 0.45500
1990 -91 520,442,493 0.36750 0.07750 0.44500
1989 -90 534,140,023 0.35830 0.02990 038820
1988 -89 437,252301 03.4820 0.04000 038820
1987-88 389,287,099 0.28831 0.04169 033000
1986 -87 366,024.873 0.27480 0.04520 032000
1985 -86 248,920,765 0.22900 0.03100 0.26000
1984 -85 214,807,784 0.14300 0.03800 0.18100
1983 -84 85,604,834 0.30750 0.10750 0.41500
1982 -83 72,720,108 0.23500 0.18000 0.41500
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