Items 6E-6GFY 2013 Proposed Budget
Items 6E, 6F, 6G
September 18, 2012
Council Action Requested
6E. Ordinance No. 1046, 2nd 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. PUBLIC HEARING
6F. Ordinance No. 1047, 2nd Reading, Tax Levy Ordinance. PUBLIC HEARING
6G. Ordinance No. 1048, 2nd Reading, Approve an ordinance of the City of Southlake, Texas, providing for a residential homestead property tax exemption. PUBLIC HEARING
Budget Information
cityofsouthlake.com/FY2013
FY 2013
Proposed Expenses
$79,959,742
FY 2013 Budget Fast Facts Key Financial Information
No rate increase proposed
*10th consecutive year
Homestead exemption
Rate reallocation
*Reduce debt rate
*Move penny to operations
Optimum Fund Balance
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
Capital Improvement Program
Follow-Up Items
Is there an existing exemption for veterans?
Can the traffic signal at Watermere be funded through Red Light Camera funds?
Texas Turnaround Project Information
SPDC Operating Costs
Crosswalks
Federal and Carroll Intersection Improvements
Davis and Southlake Boulevard Intersection
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