Item 6LCITY OF
0 SOUTHLA►KE
MEMORANDUM
August 29, 2012
TO: Shana Yelverton, City Manager
FROM: Sharen Jackson, Director of Finance
SUBJECT: Adopt the Southlake Crime Control and Prevention District FY 2013
Operating Budget and Multiyear Capital Improvement Plan
Action Requested
Background
Information:
Financial
Considerations
Approval of Southlake Crime Control and Prevention District FY 2013
Operating Budget and Multiyear Capital Improvement Plan.
Your packet contains the operating budget and multiyear capital
improvement plan adopted by the Crime Control and Prevention District
Board of Directors on July 10, 2012. The proposed operating budget
provides for the continuation of the Town Square security initiative
($34,000). New request for FY 2013 include the following:
• NETCO Radio System/Dispatch Upgrade $ 981,725
• '/ Construction Manager for DPS North $ 50,530
Total funding requested for FY 2013 CCPD operating fund for operations
is $1,066,255 and transfers out of $5,176,740 for CCPD debt service
requirements ($1,978,200), indirect charges ($198,540) and cash funded
portion of North DPS construction cost ($3,000,000).
The total CIP funding for FY 2013 include the following:
• DPS North Training Facility
• DPS West Reconfiguration
$8,016,000
$1,000,000
The proposed operating budget includes projected sales tax and interest
income of $4,963,500. $1,066,255 for operating expenditures, transfers
out of $5,176,740 and CIP funding of $9,016,000.
Strategic Link: Cl: Achieve the highest standards of safety and security.
B2: Collaborate with select partners to implement service solutions.
B6: Optimize the use of technology.
F2: Invest to provide and maintain high quality public assets.
Citizen Input/
Board Review: A Public Hearing is scheduled for September 4, 2012.
Legal Review: None required.
Alternatives: Approve or reject the budgets submitted
Supporting
Documents: CCPD FY 2013 Operating Budget and Multiyear Capital Improvement
Plan
Staff
Recommendation: Approval of CCPD FY 2013 Operating Budget and Multiyear Capital
Improvement Plan
SOUTHLAKE CRIME CONTROL
AND PREVENTION DISTRICT - OPERATING FUND
FY2013 Proposed Budget 04:33 PM
October 1, 2012 through September 30, 2013 08/29/12
REVENUES
Sales Tax
Miscellaneous Income
Interest Income
Total Revenues
EXPENDITURES
Personnel
Operations
Capital
Total Expenditures
Net Revenues
Transfers In -SPDC
Transfers Out - General Fund /Debt service
Transfers Out -Crime Control Project Fund
Total Other Sources (Uses)
Beginning Fund Balance
Ending Fund Balance
2011
Actual
2012
Adopted
2012
Amended
$ Increase/
(Decrease)
Adopted
% Increase/
- Decrease
2013
Proposed
$ Increase/
(Decrease)
Adopted
% Increase/
- Decrease
$4,644,808
$4,400,000
$4,850,000
$450,000
102%
$4,950,000
$550,000
12.5%
0
0
0
$0
0.0%
$0
($0)
0.0%
10236
$20,000
13,500
($6,500)
-32.5%
$13,500
($6,500)
-32.5%
$4,863,500
$4,655,044
$4,420,000
$443,500
10.0%
$4,963,500
$543,500
12.3%
$0
$0
$24,788
$24,788
100.0%
$50,530
$50,530
100.0%
$165,053
$94,636
$94,636
0
0.0%
$34,000
(60,636)
-64.1
$ 153,619
$185,153
$185,153
0
0-0%
$981,725
796.572
4302
$318,672
$279,789
$304,577
$24,788
8.9%
$1,066,255
$786,466
281.1
$4,336,372
$4,140,211
$4,558,923
$418,712
$3,897,245
($242,966)
$0
$0
$0
$0
(2,137,433)
(2,149,600)
(2,149,600)
(2,176,740)
0
0
(4.000.000)
(3.000.000)
(2,137,433)
(2,149,600)
(6,149,600)
(5,176,740)
$4,631,858
$6,830,797
$6,830,797
$5,240,120
$6.830.797
$8.821.408
$5.240.120
3 960 625
(Reference to Section 363203, Local Government Code, Annual Budget Proposal.)
1. Outstanding obligations of the District are the repayment of Certificates of Obligations issued in May 2009 and May 2010 in the amount of $4,306,250
and $2,158,500 with a FY 2013 debt service payment of $1,978,200. The certificates of obligations will be paid off in FY 2015 and FY 2016, respectively.
2. There is $5,240,120 in the Operating Fund and $2,700,000 in the Capital Projects Fund estimated to be on hand as of the beginning of
FY2013
3. An estimated $4,950,000 is expected to be received by the District during FY2013 in sales tax revenues.
4. Total revenue is estimated at $4,963,500 consisting of sales tax and interest income.
5. Total money requested to fund programs is $1,066,255 for personnel, equipment and security initiatives.
6. Total transfers of $2,176,740 requested for repayment of outstanding debt obligation and indirect charge.
7. The sales tax rate is .5 %.
8. There is $3,960,625 in the Operating Fund estimated to be on hand as of the end of FY2013
9. Total revenues available to cover the proposed budget are $4,963,500.
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