Item 6I-6MFY 2013 Proposed Budget
Items 6I, 6J, 6K, 6L, 6M
September 4, 2012
Council Action Requested
6I. Consider a proposal to adopt a tax increase as a result of the proposed tax rate of $.462 exceeding the effective tax rate by 0.55%.
6J. Ordinance No. 1046, 1st Reading, Approve and adopt the Annual Budget for the Fiscal Year 2013 and approve the revised budget figures for the Fiscal Year 2012 and Multi-Year Capital
Improvements Program.
6K. Ordinance No. 1047, 1st Reading, Tax Levy Ordinance.
6L. Adopt the Fiscal Year 2013 Crime Control and Prevention District Operating Budget and Multi-Year Capital Improvements Program.
6M. Ordinance No. 1048, 1st Reading, Approve an ordinance of the City of Southlake, Texas, providing for a residential homestead property tax exemption.
Budget Information
cityofsouthlake.com/FY2013
FY 2013
Proposed Expenses
$79,959,742
General Fund – Funding Sources
Revenue up 7.1%
Realizes reallocation from Debt Service
Homestead exemption
General Fund Expenses
Service enhancements
Employee investments
Expenses up 6%
DPS North is 3% of total
FY 2013 Budget Fast Facts Key Financial Information
No rate increase proposed
*10th consecutive year
Homestead exemption
*$15,000
*1½¢ tax rate reduction equivalent
Rate reallocation
*Reduce debt rate
*Move penny to operations
Optimum Fund Balance
Strategic Initiative Fund
Other Funds
Capital Improvement Program
Questions?
Mobility Investments Roadways
Total Roads = $4,225,000
Infrastructure Investments Water / Sewer / Drainage
Total Water/Sewer/Drainage = $3,196,000
Infrastructure Investments Facilities
Total Facilities = $13,016,000