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1993-08-03
CITY OF SOUTHI~KE~ TEX~S 667 NORTH C~OLL AVENUE REGULAR CITY COUNCIL HEETING AUGUST ~ ~99~ ~INUTES COUNCILMEMBERS PRESENT: Mayor, Gary Fickes; Mayor Pro Tem, Jerry Farrier; Deputy Mayor Pro Tem, Barry Emerson. Members: W. Ralph Evans, Andy Wambsganss, and Jon Michael Franks. COUNCILMEMBER ABSENT: Stephen Apple. CITY STAFF PRESENT: Curtis E. Hawk, City Manager; Billy Campbell, Director of Public Safety; Greg Last, Director of Community Development; LouAnn Heath, Director of Finance; Karen Gandy, Zoning Administrator; Jerry Williams, Deputy Director of Public Safety, Fire Services; Wayne K. Olson, City Attorney; and, Sandra L. LeGrand, City Secretary. INVOCATION: Councilmember W. Ralph Evans. WORK SESSION: The Work Session began at 6:30 p.m., where Councilmembers and staff present were able to review agenda items for tonight's meeting. REGULAR CITY COUNCIL MEETING: The Regular City Council meeting was called to order by Mayor Gary Fickes at 7:15 p.m. Aqenda Item ~i-B, Executive Session Mayor Gary Fickes advised the audience that Council would be going into executive session pursuant to Section 2(e) 2(f) 2(g) 2(j) of the Open Meetings Act, to seek the advice of our City Attorney with respect to pending and contemplated litigations, to discuss the purchase, exchange, lease or sale of real property, and to consider the appointment and evaluation of public officials and regarding the deployment of specific occasions for implementation of security personnel or devices. Council adjourned into executive session at 7:18 p.m. Council returned to open session at 8:08 p.m. Aqenda Item ~1-C, Action Necessary/Executive Session NO action was taken as the result of the executive session. Regular City Council Meeting Minutes August 3, 1993 page two Agenda Item ~Z, Approval of Minutes The Minutes of the July 6, 1993, City Council meeting will be voted upon during the next Council meeting, as a quorum of members present for the July 6, 1993 meeting, were not present tonight. Motion was made to approve the Minutes of the July 20, Council meeting. Motion: Wambsganss Second: Farrier Ayes: Wambsganss, Farrier, Emerson, Evans, Fickes Nays: None Abstention: Franks Approved: 5-0-1 vote 1993, city Agenda Item ~$, Mayor's Report Mayor Fickes noted that Budget Work Sessions will be held next week, on August 10, 11 & 12, in the City Council Chambers of city Hall, beginning at 7:00 p.m. He noted the tax rate will stay the same, at $.4550 cents per $100.00 valuation. The Mayor informed the audience that the City Manager, Curtis Hawk, Councilmember Barry Emerson, himself, and others went to Austin on July 29, 1993, and appeared before the Texas Highway Commission in regard to Level #2 funding for right-of-way on State Highway 114, adding, he hoped to get funding in the FY 95 state budget. Agenda Item ~4, city Manager's Report The City Manager noted Director of Public Works, Bob Whitehead, is not present tonight, as he had a death in the family. He will be out of state until the latter part of the week. Mr. Hawk announced that construction is underway for street improvements on East Continental Blvd., between South Carroll Avenue and Brumlow Avenue, and that the road will be closed to through traffic for approximately 10 days. Agenda Item ~5, Consent Agenda The consent agenda consists of the following items: 5-A. Authorizing the Mayor to execute Agreement between the City of Southlake, Risk Pool Board of Trustees. the revised Interlocal and TML Group Benefits Regular city Council Meeting Minutes August 3, 1993 page three 5-B. Authorizing the Mayor to execute a Renewal Contract with Tarrant County for the collection of Ad Valorem Taxes. 5-C. Authorizing the Mayor to execute an Interlocal Agreement with TRA for Services FY 94 Revised Technical Services Fee Schedule, Central Regional Wastewater System. 5-D. Off-Site Utility Easement for the provision of Water and Sanitary Sewer Service to Princeton Park. Motion was made to approve the consent agenda including items #5-A, ~5-B, ~5-C, and ~5-D, as presented. Motion: Emerson Second: Franks Ayes: Emerson, Franks, Evans, Wambsganss, Farrier, Fickes Nays: None Approved: 6-0 vote Additional Information on Consent Items 5-A. Texas Municipal League (TML) has provided a revised Interlocal Agreement for the Group Benefits Risk Pool, the city's employee insurance program for medical, life, and dental benefits. Southlake has had the contract since 1990. 5-B. Renewal Contract with Tarrant County for collection of Ad Valorem Taxes. The contract is identical in all material respects to last year's contract. The rate per transaction remains at $.40. The total estimated cost for Southlake, based on 5,000 transactions is $2,000. 5-C. Trinity River Authority (TRA), contract for technical services for the fiscal year beginning on October 1, 1993, and ending on September 30, 1994. The contract is for analysis of water, wastewater, industrial inspections and/or sampling services. Attached to the contract, is a list of all types of testing that is available. The contract reflects an estimate of $2,000.00 for the year. 5-D. The purpose of the Utility Easement Dedication for off-site Water and Sanitary Sewer Service for the Princeton Park Addition is to provide service to that addition. &qenda Item #6, Public Forum Josh Davis, owner of property located on the southeast corner of FM 1709 and Pearson Lane. Mr. Davis spoke to Council in regard to the strip center on FM 1709 at Pearson Lane, and the discussion over medians in that roadway. Regular City Council Meeting Minutes August 3, 1993 page four &qenda Item #6. Continued Mayor Fickes stated the City is on record with the State Highway Department as being opposed to medians in that intersection, or within 500 feet west of the intersection. Agenda Item ~7-A, Ordinance No. 480-90, 2nd reading (z& 93-40). Ordinance No. 480-90, 2nd reading, is a rezoning and concept plan approval for Princeton Park, being 45.201 acres situated in the Hiram Granberry Survey, Abstract No. 581, Tract iCl. Existing zoning is "AG" Agricultural, with a request for "SF-20A" Single- Family Residential Zoning. Owners: Sandra Fulmer Davidson and Charlotte Fulmer Ballard. Applicant: Sunnybrook Properties, Inc. Karen Gandy, Zoning Administrator, commented the developer proposes seventy-three (73) single family residential lots with one common access drive onto South White Chapel Blvd. Eleven (11) notices were sent to property owners within 200' with no responses received. The applicant has met all the review comments of the July 6, 1993, Plan Review Summary with the exception of those items addressed in the attached third Plan Review Summary dated July 30, 1993. The developer has provided stubs to the west and south recommended by the Council during the previous meeting. This submittal has maintained a lot count of 73 lots. Dick Perkins, Teague Nall and Perkins, was present questions for Council. Perkins presented three (3) renderings of the entrance on South White Chapel Blvd., information. to answer possible for their Councilmember Emerson expressed that the developer has come a long way on improving the addition. The public hearing resulted with no comments from the audience. Motion was made to approve Ordinance No. 480-90, 2nd reading, subject to the third Plan Review Summary dated July 30, 1993. Motion: Wambsganss Second: Evans Mayor Fickes read the caption of the ordinance. Ayes: Wambsganss, Evans, Emerson, Farrier, Franks, Fickes Nays: None Approved: 6-0 vote Regular City Council Meeting Minutes August 3, 1993 page five &qende Item #7-B, Ordinance No. 587, 2nd readinq TU Electric Franchise A~reement. Ordinance No. 587, 2nd reading, amending TU Electric Franchise Agreement was presented. Curtis Hawk, City Manager, stated the agreement in the packet is identical to the first reading. In recognition to the fact that the current franchise between the city and TU Electric terminated prior to the expiration of fifteen (15) years from the effective date of said amendment, TU Electric hereby agrees to negotiate in good faith with the city for a new franchise to be effective on or before the termination of the current franchise and to include in said new franchise a provision that will give the city the full benefit of the fifteen (15) year period provided for in Section 3 of said amendment. If received, TU Electric estimates we will receive an additional $11,000 revenue this fiscal year, and more than $20,000 next year. Randy Beard, TU Electric, was present to answer questions for Council, in place of Sonny Rhodes who is away on vacation. The public hearing resulted with no comments from the audience. Motion was made to approve 2nd reading of Ordinance presented. Motion: Emerson Second: Franks Mayor Fickes read the caption of the ordinance. Ayes: Emerson, Franks, Farrier, Wambsganss, Evans, Nays: None Approved: 6-0 vote Aqenda Item ~?-C, Ordinance No. 588, Znd readlnq Electrlc Rate Increase No. 587 as Fickes Trl-Count¥ The City Manager, Curtis Hawk, stated that Council approved the rate increase request on first reading during the July 20, 1993, City Council Meeting. No changes have been made since the first reading. Ed Kelly, representative with Tri-County Electric was present for the meeting to answer questions for Council. The public hearing resulted with no comments from the audience. Regular City Council Meeting Minutes August 3, 1993 page six &qenda Item ~7-C, Continued Motion was made to approve the 2nd reading of Ordinance No. rate increase for Tri-County Electric. Motion: Farrier Second: Emerson Mayor Fickes read the caption of the ordinance. Ayes: Farrier, Emerson, Evans, Franks, Fickes Nays: Wambsganss Approved: 5-1 vote 588, Aqenda Item ~8-A, Ordinance No. 480-9~, 1st readinq, Z& 93-48. Ordinance No. 480-91, lst reading is a rezoning and concept plan approval for American Aquatics, Inc., being 19.414 acres out of the R.D. Price Survey, Abstract No. 1207, Tract 3. Existing zoning is "AG" Agricultural, with requested zoning of "B-i" Business Service Park District. Owner: Bill Massey. Applicant: Michael & Dorothy Calli, dba American Aquatics, Inc. Karen Gandy, Zoning Administrator, noted nine (9) notices were sent to property owners within 200' and one (1) written response has been received from Kenneth and Joan Sorg, 2825 N. White Chapel Blvd., who expressed no opposition to the rezoning and requested that no vegetation barrier be placed between their property and the subject tract. The applicant proposed to utilize the facility for wholesale Freshwater Tropical Fish distribution and retail sale of related aquarium products. The "B-i" Business Service Park District is cumulative of all "0-1" office District uses which permits up to 15% of floor area for retail use as related to the principal use only. The applicant is requesting a waiver of all bufferyards. Mike Calli, applicant, stated he chose Southlake for the quality of life and for the distribution potential in the area of Alliance Airport, DFW Airport and the interstate highways. He stated he will be importing, exporting the fish all over the world. He plans to use the existing buildings, with the front building being used for offices. Calli added, the fish are packed in water and styrofoam. He will transport with the use of vans and bobtail trucks. Regular City Council Meeting Minutes August 3, 1993 page seven Aqenda Item #8-A, Continued Motion was made to approve Ordinance No. 480-91, changing the zoning from B-1 Business Service Park District to the S-P-2 Generalized Site Plan District, limiting the use to fish distribution and related uses; subject to the second Plan Review Summary dated July 30, 1993; and, waiving the bufferyards until future expansion of the site. Motion: Emerson Second: Evans Mayor Fickes read the caption of the ordinance. Ayes: Emerson, Evans, Wambsganss, Franks, Farrier, Fickes Nays: None Approved: 6-0 vote Aqenda Item ~8-B, SA 93-49, Preliminary Plat of Fina Addition ZA 93-49 is a Preliminary Plat of Lots 1,2, & 3, Block 1, Fina Addition, being 20.741 acres situated in the C.B. McDonald Survey, Abstract No. 1013, Tracts 3A, 3B1, 3B2 and 4. Owners: Fina Oil & Chemical Company and CITGO Refining & Chemical, Inc. Applicant: Everage Consultants, Inc. The Zoning Administrator, Karen Gandy, stated the owners propose to plat; Lot 1, the existing Fina/CITGO terminal; Lot 2 proposed site for Koch Metering Station; Lot 3, proposed site for future development. The city staff has assisted the owners in this area in a coordinated effort to significantly upgrade the private drive and RR crossing at the southwest corner of this tract. Although not a public street, it will provide much better access for fire prevention equipment. Five (5) notices were sent to property owners within 200' and one written response has been received, from Donald Ray Jones, representative from Conoco, Inc., in favor of the request. The applicant has met all the review comments on the July 19, 1993, Plat Review Summary with the exception of those items addressed in the attached second Plat Review Summary dated July 30, 1993. Mr. Barry Hudson, consultant for Fina, was present for the meeting, to answer questions for Council. Motion was made to approve the Preliminary Pat for Fina Addition, subject to the second Plan Review Summary dated July 30, 1993. Motion: Emerson Second: Franks Ayes: Emerson, Franks, Farrier, Wambsganss, Evans, Fickes Nays: None Approved: 6-0 vote Regular city Council Meeting Minutes August 3, 1993 page eight Agenda Item ~8-c, SA 93-42, Revised Preliminary Plat for SouthRidqe Lakes. Phase VII ZA 93-42, Revised Preliminary Plat, SouthRidge Lakes, Phase VII being 20.410 acres situated in the T.M. Hood Survey, Abstract No. 706, and the A.A. Freeman Survey, Abstract No. 522. Owner/Applicant: Arivda/JMB partnrs, L.P. The Zoning Administrator, Karen Gandy, reviewed for Council that on June 3, 1993, the Final Plat of SouthRidge Lakes, Phase VII was tabled due to the plat not conforming to the original Revised Preliminary Plat which was approved by Council in June 1991. This submittal is a revision to the approved Preliminary Plat. On July 20, 1993, Sean Randall with Arvida withdrew the submitted revised preliminary plat from consideration by the city Council and indicated that Arvida would proceed with the approved preliminary plat already on file with the City. The City Manager, Curtis Hawk stated that the developer stated at the last meeting that he would provide the same treatment to the trees at the intersection of SouthRidge Lakes Drive and Peytonville as done at the other end, in order to facilitate keeping the trees at the intersection. The Developer will include language to this effect in the developer's agreement when it comes before city Council. Developer has also indicated that his developer's agreement will contain a provision for tree planting in the landscaping of the parkway to the east of the proposed roadway adjacent to Raven Bend. The developer performed a tree inventory to locate the existing trees in and along the proposed roadway alignment and had included it in the last Council packet. The developer did this on his own initiative to make the city Council aware of the trees to be removed. The inventory and the plan to plant trees in the parkway between SouthRidge Lakes Drive and Raven Bend is indicative of Arvida's efforts toward saving and planting trees within the subdivision, according to Mr. Hawk. After discussion, Preliminary Plat third Plat Review and #4. Motion: Emerson Second: Franks Ayes: Emerson, Franks, Nays: Farrier Approved: 5-1 vote motion was made to approve the Revised of SouthRidge Lakes, Phase VII, subject to the Summary dated July 30, 1993, deleting items #3 Evans, Wambsganss, Fickes Council adjourned for recess at 9:12 p.m. Council returned to open session at 9:25 p.m. Regular City Council Meeting Minutes August 3, 1993 page nine &qenda Item ~11-A, Bicentennial Park Entrance 8ian The City Manager stated this item was discussed during the work session tonight. Aqenda Item ~11-B, Proposed FY 93-94 Annual Budqet The city Manager, presented summary sheets on the proposed FY 93-94 Annual Budget, as well as presentations being made by Rick Wilhelm, president of the Southlake Economic Development Council and the Joint Utilization Committee. Mr. Wilhelm stated the SEDC is requesting Council contribute $21,200.00 for this fiscal year. A copy of the information provided is hereby attached to the minutes of this meeting. Aqenda Item #12, &d~ournment The meeting was~,,~d~,r, ned by Mayor Fickes at ,,,~' ~ ~ ~ L 4'~,'"'~ ...~ ...... %0..... .. .... % '... .... ~.- ATTEST: ~%,~ · * ~ ~andra L. LeGrand City Secretary 10:05 p.m. City of Southlake, Texas CITY COUNCIL MEETING SIGN UP IF YOU WISH TO SPEAK DURING THE MEETING f „ DATE 6 /10 imp NAME ADDRESS TELEPHONE AGENDA ITEM ©s J ►r r I 2 4_ A. 1. OM � N • SOUTHLAKE ECONOMIC DEVELOPMENT COUNCIL PROPOSED BUDGET 1993 -1994 SOUTHLAKE ECONOMIC DEVELOPMENT COUNCIL PROPOSED BUDGET 1993 -1994 Budget Items Amount Salaries & Taxes $15,000.00 Telephone /Voice Mail 2,000.00 Printing /Supplies 1,500.00 Promotional 4,000.00 Dues /Mem. /Sub. 100.00 Postage /Freight 2,000.00 Furn. /Equip. 2,000.00 Travel /Training 100.00 Utilities 600.00 Accounting /Prof. Svc. 300.00 Office Rental 3,750.00 Insurance 200.00 Miscellaneous 250.00 Other Operating TOTAL EXPENSES $31,800.00 Funding Funding 1993 -1994 1992 -1993 City Participation $21,200 $22,000 Chamber Participation 10,600 11 Total Funding: $31,800 $33,000 1 Total Chamber budget is approximately $75,000. 2 Does not include $13,000 in current reserves. SOUTHLAKE ECONOMIC DEVELOPMENT COUNCIL Accomplishments • Ally Cities Program of Greater Dallas Chamber • Staff support for Ally Cities Program • Southlake Economic Profile • Southlake Fast Facts • Citizen Survey on Economic Development • Business Retention /Expansion Survey • Metroport Cities Promotional Video • Southlake Promotional Video • Presentation on Pegasus Project • Presentation on TIG Holdings Project • Discussions with DFW re Noise Corridor development • Disbursal of information pertaining to Southlake • Disbursal of information on prospects from Ally Cities program SOUTHLAKE ECONOMIC DEVELOPMENT COUNCIL 93 -94 Projects • Update Economic Profile • Update Fast Facts • Finalize Property Profile • Business visitations re retention /expansion • Update and utilize Fantus Forte program • Tax Abatement policy suggestion to City Council Under Consideration • Participate in F.M. 1709 Corridor Study • Participate in developer's trade show • Business round -table discussions • Participation in developer's handbook from City CityofSouthlake Duthla p ar+ July 30, 1993 JUL301993 Mayor: OFFICE OF Gary Fickes Mayor Pro Tem: Honorable Mayor Fickes and CITY SECRETARY. Jerry Farrier Members of City Council City of Southlake Councilmembers: 667 N . Carroll Avenue Barry K. Emerson Southlake, Texas 76092 W. Ralph Evans Stephen W. Apple Sr. Jon Michael Franks Andrew L. Wambsganss Dear Mayor and Councilmembers: City Manager: Curtis E. Hawk City secretary: The proposed FY93 -94 Annual Budget presents in financial Sandra L. LeGrand terms the plan for accomplishment of municipal objectives during the forthcoming fiscal year. In accordance with the Texas Local Government Code and the Charter of the City of Southlake, the proposed Annual Budget for fiscal year beginning October 1, 1993 and ending September 30, 1994 is submitted for your consideration. The budget proposes maintaining a tax rate of $.455 per $100.00 property valuation, the third consecutive year with no increase. The $.455 tax rate is one -half of one percent over the calculated Effective Tax Rate for the year, $.45241. The Effective Tax Rate is the rate that will generate the same amount of property tax dollars as the previous year when the two years are compared. Projected service demands of this growing community present a challenge to the budget preparation process. The budget preparation requires a comparison of the anticipated revenues with proposed programs, and priorities are established based on service demands or prior commitments to projects. 667 North Carroll Avenue • Southlake, Texas 76092 (817) 481 -5581 • FAX (817) 481 -0036 AN EQUAL RTSJ � V EMPLOYER" Honorable Mayor and Members of City Council July 30, 1993 Page 2 FUND SUMMARIES The proposed FY93 -94 Annual Budget has four (4) separate funds: General Fund; Utility Fund; Debt Service Fund; and Special Revenue - Parks /Recreation Fund. General Fund Summary The proposed FY93 -94 Annual Budget projects $4,848,674 in General Fund revenues, which is an increase of $687,454 or 16.5% from the FY92 -93 Adopted Budget. Revenues projected in the proposed FY93 -94 Budget will support the estimated $5,768,667 in General Fund expenditures. The proposed budget reflects a decrease in the undesignated Fund Balance, beginning at $1,221,391 and ending at an estimated $866,398. We anticipated an undesignated fund balance of $798,283 in the General Fund when the 1992 -93 Annual Budget was approved last September. The higher than anticipated growth resulted in an (estimated) additional $423,108 in the undesignated fund balance. We propose to use the growth in the fund balance to help pay for the demands generated by the growth, while keeping the proposed ending fund balance for FY1993 -94 at the level previously recommended by City Council. This Fund Balance represents 15.0% of estimated expenditures, a level sufficient to ensure the fund's financial integrity. Revenues The largest single revenue source in the proposed budget is the ad valorem (property) tax. The budget as proposed will provide $2,204,198 in revenue for the General Fund / /' -z Honorable Mayor and Members of City Council July 30, 1993 Page 3 maintenance and operations budget, an estimated increase of $101,714 or 4.8% from the FY92 -93 Adopted Budget. The second largest General Fund revenue source in the proposed budget is derived from the municipal permits and fees charged for various development activities, such as fees for zoning, platting and building permits. The proposed budget of $1,088,000 projects an increase of $465,850 or 74.9% over the current year. As of June 30, 1993 the City has issued 322 single family building permits, compared with 203 for the same period last year. For FY93 -94, the City is projecting 425 permits to be issued. The FY93 -94 budget incorporates a revenue neutral change in the rates charged for zoning and platting fees, which will bring the City more in line with neighboring communities. The third largest General Fund revenue source is the municipal sales tax. Sales tax revenues are projected at $701,500 in the proposed budget, an increase of $122,500 or 21.20 over the FY92 -93 Adopted Budget. Consistently over the past several years, the City has experienced double digit growth in sales tax receipts. During FY92 - 93, the City's first major retail center opened, and another retail center is scheduled to open in the latter part of FY93 -94. Based upon current collections, the sales tax revenue for the 1992 -93 fiscal year is estimated to be $610,000, an increase of $31,000 or 5.4% over the amount projected for the current year. The other major revenue sources for the General Fund are franchise fees ($336,400) from the private utility // '3 Honorable Mayor and Members of City Council July 30, 1993 Page 4 companies operating in the City, municipal fines ($231,440), and transfers ($159,446) into the General Fund from the Utility Fund. Franchise fees are projected to increase by $31,950 or 10.50, while revenues from fines are expected to decrease $39,160 or -14.5% from the amount budgeted in FY92 -93. A decrease in the number of citations from the previous year is projected due to an increase in the calls for service. Charges for services are estimated at $59,750, which includes $35,000 for the Special Services Program. This is the interlocal contribution from the Grapevine /Colleyville and Carroll Independent School Districts to the City's D.A.R.E. program. Other charges for service are for Recreation class fees and Fire Division related income. Miscellaneous income is projected at $17,940, a slight increase over the prior year. The proposed budget reflects $50,000 in interest earnings, the same estimated for the current year. Expenditures The proposed General Fund budget provides $5,668,667 in expenditures to accomplish municipal objectives, with an additional $100,000 allocated for the initial implementation of a Pay and Classification Plan. The proposed expenditures represent an increase of $1,269,275 or 28.2% over the current year. The budgeted increase includes $704,700 in major capital equipment expenditures that are proposed to be financed through issuance of a $720,000 five year Personal Property Contract Obligation. / / -� Honorable Mayor and Members of City Council July 30, 1993 Page 5 There is $155,000 budgeted for the first year's payment of the obligation during FY93 -94. The bulk of the total increase is in Public Works, $668,012 (52.60). The largest increase within the Public Works Department in Streets /Drainage, increasing approximately $523,438 (59.2 Total new requests within the Streets /Drainage Division are $825,826. New programs for the year include $431,000 in heavy equipment financed through the Contract Obligation and $50,000 for the City's portion of the reconstruction, jointly financed with FEMA, of the White Chapel Bridge north of Dove Street. Other bridge improvement devices are estimated at $20,000. There is $78,000 allocated for reconstruction of Burney Lane and $81,675 for Ridgecrest, both with Tarrant County road crews. Summer Place is also scheduled for reconstruction through contract at $93,370. Three Drainage Maintenance Workers are scheduled for a January 1 hire date, an estimated $49,081. This crew represents the first personnel resources that are dedicated to drainage improvements. Allocated for culvert replacement is $10,000. A Pavement Management Plan is to be implemented, scheduling and assessing the maintenance requirements for the City's streets, estimated to cost $10,000. Mobile radio equipment is estimated at $2,200 and office equipment at $500. Total expenditures within the Public Safety function are proposed to increase $231,728 over the FY92 -93 Adopted Budget. There is $75,000 budgeted for the purchase of an ambulance to serve as the City's primary emergency medical response. Four emergency response vehicles are Honorable Mayor and Members of City Council July 30, 1993 Page 6 estimated at $69,500. A January 1 hire date is scheduled for one Firefighter /Paramedic ($24,121) and one Communications Specialist ($16,651). One additional radio console estimated at $11,000 is proposed. Other equipment is proposed for a total of $38,000. Tax Rate The proposed budget reflects a total taxable value of $680,726,791 in tax year 1993, an increase of $62,405,759, or 10.1% over the taxable value currently on the rolls. The 1993 taxable value reflects $65,546,035 in new improvements since last year. The proposed budget reflects a proposed tax rate of $.455 per $100 valuation, of which $.30229 is for general operations and maintenance and $.15271 is for debt service. The portion of the tax rate available to support maintenance and operations is decreased by $.02003, or 6.2% from last year. This is primarily due to additional debt issued by the City during FY92 -93, and addressed further within the Debt Service Fund discussion. The effective tax rate in the 1993 tax year is $.45241, up from the $.45084 in the 1992 tax year. The rollback tax rate for the 1993 tax year is $.49884. Employee Salary Increases The proposed budget provides $100,000 for implementation of a pay and classification plan, to be implemented in January 1994. // (J`'lo Honorable Mayor and Members of City Council July 30, 1993 Page 7 New Personnel The proposed budget projects an increase of eleven (11) positions in the General Fund - -eight (8) full time; one (1) part time, and two (2) temporary. These positions are needed to enable the City to maintain effective management of service demands. The positions are: one (1) Full time Accounts Payable Clerk one (1) Full time Firefighter /Paramedic one (1) Full time Communications Specialist one (1) Full time Code Enforcement Officer one (1) Full time Plans Examiner three (3) Full time Drainage Maintenance Workers one (1) Part time Planning Intern one (1) Part time Teen Court Coordinator one (1) Temporary Public Works Council of Governments (COG) fellow All full time positions except the Accounts Payable Clerk, which will be funded beginning October 1, are proposed to be funded beginning in January, 1994. Utility Fund The Utility Fund revenues are projected at $3,265,532 for an increase of $511,998 or 18.6% in the proposed budget. Expenditures are projected at $3,402,055 for an increase of $632,668 or 22.8% over the FY92 -93 Adopted Budget. The proposed budget does not includes any increase in water or sewer rates. The budget includes one Water Maintenance Worker for $22,186 and $316,600 in capital expenses. The fund will be reviewed prior to formal adoption of the FY93 -94 Budget to ensure its financial integrity. / /g_ 7 Honorable Mayor and Members of City Council July 30, 1993 Page 8 Debt Service Fund Debt service expenditures have steadily escalated over the past several years, reflecting the debt issuance required for major infrastructure projects. The FY93 -94 budget reflects an increase in debt service of $393,432 over last year. This is due to debt service requirements for the issuance of $1.3 Million in Certificates of Obligation for water and wastewater line improvements, $1.5 Million General Obligation Bonds for street improvements issued in October 1992, and $320,000 in Certificates of Obligation scheduled for issuance in the third quarter of 1993. Debt service for the $1.3 Million issuance is to be funded through a transfer in of water impact fees of $152,000. The increase in debt service funded by property taxes is $241,432. Special Revenue Fund -Parks and Recreation The proposed budget includes the special revenue fund to account for revenues and expenditures dedicated for park use. The proposed budget reflects revenues of $50,000 in park dedication fees from developers, and $2,000 in interest income. The City is negotiating the purchase of additional land adjacent to Bicentennial Park. A portion of the purchase price will be funded through Park Dedication Fees, with the balance funded through the issuance of $320,000 in Certificates of Obligation. Total expenditures for the land are estimated at $467,710. Other park improvements scheduled are Joint Use projects at the Carroll Independent School District's Intermediate School. Improvements to the Carroll Middle School Athletic Field and Basketball Court are estimated `/: _1 Honorable Mayor and Members of City Council July 30, 1993 Page 9 at $49,157, providing recreational facilities for the citizens. SUMMARY AND CONCLUSION The proposed budget represents progress toward a proactive approach to the operation of the City of Southlake. The scheduled equipment purchases and additional personnel provides the framework for addressing the service needs. Planning for anticipated growth drives the budget process. Sin erely, WAir Curtis E. Hawk City Manager CEH /lah /kb // -9 • 0 CITY OF SOUTHLAKE ALL FUNDS SUMMARY 04:37 PM REVISED 1992 -93 BUDGET and PROPOSED 1993 -94 BUDGET 93suma16.wk3 07(29/93 1993 -94 Adopted 1992 -93 1992 -93 : 455/$100. $ Inc/ 1993 -94 1991 -92 1992 93 1 93:: $ % Inc/ 1993 `94 (Deer) % In REVENUES Actua Budget Revlse l:: (Decry (Deer) PI.t)posed. Adopted (Deer) Ad Valorem Taxes $2,739,249 $2,909, : $2;97 $ 64,516 2 2% : > <` : 85,361: $375,828 12.9% Sales Tax 510,036 579,000 6111;004: 31,000 5,4% 701,500 ': 122,500 212% 279 619 304 450 <> 3 4, S : 485 0 2% :: :::::::::::::::::::::336,4 1 31,950 10.5% Franchise Fees : 00 69100 -255% :> :: "` 31,440 : 39160 -14.S% Fines 208,682 270, i?::: 41 .0:: ( > };;::.: >; ( ) 4,000 72% ::<: : :: < > 4,000 7.2% Charges for Services 46,360 55, 750 : :; i ;: <: 5 ;75G: 4, 5g,., S , 86.2% 138000: 483 650 73.9% Permits/Fees 893,697 654,350 : ::;:::: : 1 ;18 ;10: 564,260 ,::._:,.:::::: , 105.0 0 ::: ::»: <:: ' <33 5. 440. 4 814 - 12.0% Miscellaneous 65,065 40,254 : :f:825� ?' 42,261 % : 35,44( ► : . (+ ) 774 267 95 ::: A- : ::: :4 95 0 0. :<:::42 15 18 57 .7% Transfer Utility Fund 161, ,2 t 2, , ,.,. >. : : : ::.; ,3 Transfer - Insurance Fund 29 450 0 0 0.0 0.0% , 20.3% 9.4 340 960 1 57460 % < >» :;;; >: >: ><_ :: >: z:;_ Water Sales 1,560,336 1,677,540 > # :><€ ;0 , , , 38 -9.4 : :: >:: > > : 1 8, 0 00: 1385 Water Sales 318,453 419,385 ::: :380 ;OQQ€' ( 39 , 385 ) 4:46:. ,,. (, ) -0.3% 19 546 9 : »: ': >::: 4 5 65 000 31.6% Wastewater Sales 185,824 205,454 :': ::: 2 5,00(F , ; . • 32,000 12.4% >: >:: > 320, : 62 000 24.0% Sanitation Sales 235,603 25 8 , 000:: 4t1rQ _ .. , 1, . 86 453 59.6% :: ::':` »: :` 97 t1 8: ; 52 011 35.9% Other Utility Charges 218,109 145,067: : ': .,,5 <k_ ..: .;;;;, :: , 000 7.S% «> : <:::: „ >€ 6,970 -7.5% Interest Income . 113. 696 92.970 ' :: < :' :i i : 7 �- ( ) Total Revenues 57.565.953 $7.879. 7 _: ,;144 900 496 11.4% <: :::$9, 195 $1.639.888 20.8% EXPENDITURES S 9.8% 14 City Secretary $124,457 $145,599 ;> $1 6; : ::1 : $1,400 1.0% ::::::: . , ::::: < • -: $ ,2 12 ty 129,129 141 39 :: :: >:: [> . : 2 17,843 12.6% :;::::::;::;:;::::6:1 2 26,287 18.6% City Manager ,2 ;;: ► .:: :::. 09 964 < » :: < , 3 001 0.6% :: >«: >' >604,550 94 085 18 17.. S% Support Services 417,492 5 $ 12 5 : . Gov Total 671 078 796 802 :::: [: $1 0 :4 6 :: 22 244 2.8% 931 $135,0% General Go $ �- :::. ... x ....;. �- <_.�..:�.. r88T Finance 192,339 205,487 : : 0 0 0 % : 2 45,587 22 2% Municipal Court 145,344 162858 160 (2,250) -1 4% 168,003 5 3.2% Finance Total $337,683 $368,345 ..::$366,095 . ($ 2,250) -0.6% $ 41Q 07 ,. Fire 531,671 569,238 565;590: (3,648) -0.6% 690,148:: $50 120 ,910 2 8% Police 825,243 909,333 910 1,270 0.1% 98.1159:_ 71,826 7.9% Public Safety Support 340,626 378,852 376,546. (2,306) -0.6% 4 17844:; 38.992 10.3% Public Safety Total $1,697.540 $1,857,423 ' : $52.739 ($4,684) -0.3% $ 151 $2 31,728 12. Building Inspections 127,329 161,870 15 9,911 : (1,959) - 2 66,681 41 .2% Streets/Drainage 685,699 88 3,730: 914 ; 847 ; 31,117 3.5% 1;407,168; 523,438 59 .2% Parks and Recreation 105,999 171,595 1 (8,907) - 5 . 2% 7 14 328 542,733 316.3% Public Works Admin 69,674 93,739 ? (46;153: 12,414 13,2% 117,766: 24,027 25.6% Water 1,244,889 1,605572 1, 620,461 ` 14,889 0 .9% `1,850,369;:: 244,797 15.2% Wastewater 866,653 559,601 > 554;888 (4,713) -0.8% 887,178:: 327,577 58.5% Sanitation 206,396 232,200 260;500:: 28,300 12.2% 288.000:: 55,800 24.0% Public Works Total 33,306,639 $3,708,307 ;53,779 $71,141 1.9% $5 ,493,360; $1,785,053 48.1% Community Dev. Total 3145,412 3197,888 $226.191 $28,303 14.3% 3 281,606 583,718 42.3% Transfer - General Fund 159,446 267,295 267;295.; 0 0.0% 264,613 2,318 0.9% Other 0 25,000 25;000: 0 0.0% 25,000; 0 0.0% Debt Service 848,420 996,117 ! 996'117:1 0 0.0% 1,391,25,' 395,608 39.7% Total Expenditures $7.166,218 $8.217.177 :'$8331 $114785,754 742 1.4°b $10,901 4 2.684.242 32.7% Net Revenues 3399,735 ($337,529) 4 48 13 , ($1381 8831 • Add: Proceeds from C.O. Sale $0 $0 ' 8 $0 $1 Add: Proceeds from Note 0 0 0 0 0 Less: Reserve- Personnel 0 0 0; : 0 (100,000) Lear. C.O. Payment 0 0 0.: 0 (1!55,000) Less: Transfer to Special Rev. (796) 0 0 0 0 - Net Revenues 5398,939 ($337,529) $448 785 742 ($596,883) Beginning Fund Balance $1,731,847 $2,130,786: $2,•0 785 742 $0 $2,578,999.'. Ending Fund Balance 2 130 786 1793 257 8 9 2 5799 1962116::: CITY OF SOUTHLAKE 0 CONSOLIDATED GENERAL FUND AND DEBT SERVICE FUND 04:43 PM REVISED 1992 -93 BUDGET and PROPOSED 1993 -94 BUDGET 93suma16.wk3 07/19/93 1992 -93 ; ..:: >`.::.: : . 1993 -94 Inc/ 1992 93 Inc 1993-94 Ado ted $ In / ;:S,5S7$1 $ l P 1991 -92 1992 -93 '? >1992 93i Decr % Inc/ :::;:'.::1:993:` -94: >? Deer % Inc/ REVENUES Actual Budget >Re:!v scd > Adopted (Deer) P i• Adopted (Decr) Ad Valorem Taxes $2,739,249 $2,909,533 ' 297104 $64,516 2 . 2 % : :< ::::::::$328-: 361 $375,828 12.9% 579 000 > > > <:: >610 000::: 31000 5.4% : ::::.: z 701, . 0 122,500 21.2% Sales Tax 510,036 ?.;:;. ,::: , ° 279 619 304 450 > : >::> :. 4,93 485 02% s ; ; > 33i 4 31950 10.5% Franchise Fees ,`135. .,....... o :: : : ::: :: >23 , 4 39160 -145% ? ? :r Fines 208,682 270,600 i:ZOI (69,100) -25.5% : :::::::: 3 i . ( ) 4000 72 0 :` ::: :: >::> :: >:::59750 . 4,000 72% Charges for Services 46,360 55,750 ::::;::;:;::::;:::[59;750:: % .:. � ;.: , ees 791,983 622,150 : : 499 80.3% : ` < > : : : :: ..88 : 465,850 74.9% Miscellaneous 42,147 17,340 :;24;13 ::; 6,775 39.1% : < : ? 7,9 600 33% 0 0.0% : >:: >::: . E is «1, 154 318 57.7% Transfer Utility Fund 161,774 267,295 ::::`:::::::;::':;26:795 ; 4iC , 0 Transfer - Insurance Fund 29 450 0 '.'. € : € % '; 0 0.0% -7.7% 6000 9.2 :: >:6CF'000::'. 5 000 Interest Income 75.188 65,000 :;;:;71 � % ::«[:.::,,,,.,,,,,,,'.; (, ) Total Revenues $4,884,488 $5,091,118 < $ 6 4, Q 4 :'.: $543,386 10.7% < 36202 $1,110,886 21.8% EXPENDITURES 9.8% 1.0% :f:r< : >:« >: :05$21U ; ., 14 City Secretary $124,457 $145,599 :::: 51,400 $ ,2 12 29 14 1 39 :: >: :::: >:1 : 17 12.6% :::::::::::::::::::::::::::::A:::::::::::::•: : 7 26 7 18.6% City Manager 1 , + ;:.;::�:.;;::.;:.: +28 Support Services 417.492 509.964 : ?<`: >>51 S: 3001 0.6% : : : : : :::::::: : :::::::::::: : :::::40.415 0: 94 586 18.5% General Gov Total $671,078 $796,802 !:::;;:::` 22 244 2.8% :: : :: 393 7<. $135,085 17.0% 3 39 205 487 :': >: 4 � : :7: 0 0. 0 % ' ? ? 'll ? : 45 587 222% Finance 192 n'.. i ", .::: 2 50 -1.4 0 >::::: >: 4 8 5.145 3.2% Municipal Court 145,344 162,858 ; ;': : (,2 ) % .. . .' 68 . ,, Finance Total 3337,683 3368,345 : 366 ;095; ` ($2,250) -0.6% ;::;: $50,732 13.8% 531 671 569,238 >: 7i? x ::: ,, 3 648 -0.6% :::':.' > 6 9 0 07 .48:; 120,910 212% Fire , : (, ) ....;:. ;;1,:.;;; • Police 825 243 909 333 :;:::;::::::910,603:;: 1 70 0.1% >;: ;< : >981 71,826 7.9% t 340 626 378 852 :::::::::::::::::17.4:: 5 2,306 -0.6% s 4 38 Public Safety Support : : •41$ ,992 10.3% ( ) Public Safe Total 1 697,540 31,857,423 ;: 3 852.739> 34,684 -0.3% :32089,1 $231,728 12.5% 27 329 161870 > 159 :11 1959 -1.2% :; i i ::: >::: ' . 5 Sr: 66681 41.2% Building Inspections 1 ,4., , (, ) 36 Streets/Drainage 685,699 883,730 914,847 3 1 , 117 3.5% 1, 407,168; 523,438 59.2% n 101924 139 595 < ? .. : 46 8 7 093 5.1% 19 461> 53,866 38.6% Parks and Recreation , 1...,68 ........... 0 24 027 25.6% 4 4 13.2 0 : > ><:: >: : > > >::; >: Public Works Admin 69,674 93 739 3Q(i;I53; 12.1 % .. .....117:166::; Public Works Total 3984,626 $1,278,934 31 :: 48 665 3.8% °: $1946.94 $668,012 52.2% Community Dev. Total 3145,412 3197,888 3226,191.: 328,303 14 3% 3281,606 383,718 42.3% Note Payable 0 0 0; 0 0 0% ; 0 0 0.0% Debt Service G.O. Bonds 758,997 916,398 :> 916398> 0 0.0% 1,309830; 393,432 42.9% Total Expenditures $4,595,336 35,415,790 :$5, 508 392,278 1 7% 36 1,562,707 28.9% Net Revenues $289,152 ($ 3451,108 ($ 77: Add: Proceeds from C.O. Sale 30 0 M':::::::::;::::::.0::: $0 , 720,000' Add: Proceeds from Note 0 0 0: 0 0: Less: Reserve - Personnel 0 0 : 0 0 (100,000) Less: C.O. Payment 0 0 0 0 (155•000): Less: Transfer to Special Rev. -796 0 Q.z 0 0 Net Revenues $288,356 ($324,672) 12$ 3 6:46;: $451,106 ($3114 Beginning Fund Balance $1,062,834 $1,351,190 31,026,518:: ($324,672) $1,152,954: Ending Fund Balance 1 351 190 $1,026,518 1152954,,; $126,436 $841461!: • 4 CITY OF SOUTHLAKE GENERAL FUND 04:78 PM REVISED 1992 -93 BUDGET and PROPOSED 1993 -94 BUDGET 93su,a16.wk3 07/29/93 1992 -93 1993 -94 c - ` 455/$100:<> In - $ In / 1992 93 .,,,.. „1x. : : : : :: $ c/ 1993 94 1991 -92 1992 -93 ; i]1 (Decr) %Inc/ 1993-94 Decr %Inc/ REVENUES Actual Budget ><:Rcvised >: Adopted (Decr) Pro oseds Adopted (Decr) Ad Valorem Taxes 31,964,449 $2,102,484 . ::: :::32135000: 332,516 1.5% <: ::: :$2,2041%:: 3101,714 4.8% Sales Tax 510 036 579 000 :::::::::::M,:. 's > 10000': 31000 5.4% : :: : < <:: €: :701 , 500 122 500 21.2% ees 279 619 304 , 450 : : ? : :: 304,935::: 485 02% : :?::: >?. >> . 36 400 €: 31,950 10.5% Franchise F ::::::::. � ::: s,,::::::: -25.5 0 »> > > > '. > 1, (39,160) -14S% Fines 208,682 270,600 :; :: 0 0:; (69,100) % .::: i X33.;4;4:: ( ) 4,000 7.2% = >` > > <?<:'' 4,000 Charges for Services 46,360 55,750 :::: '• <> 39; ?$E1: ... . l , 000 7 . 2 % Permi ees 791983 622150 >` > 1' 499 710 80.3% » : `: < <1 `0 465,850 74.9% 600 3.5% us 42,147 17 340 ::::::::::::2::::::4;10 775 39.1 % 6 : :::: ''» : 940 :? Miscellaneo : :...t::._::. 6 0 0.0% 0 0.0% Transfer -Utility Fund 161,520 159 446 is : : :i ::;::1;$9`4 :: % ::: ` >:`:159 t6' 0 0 0.0% 29,450 0 0.0 and % : >: Transfer-Insurance Fund �<��0 Trans � ��: 0 10000 20.0 0 0.0% 64121 5000 <' < 20.0% < >:: >' : > < Interest Income ,.CsQ . . : - Total Revenues $4,098,367 $4,161,220 : 3515,386 12.4 �x.4 $687,454 16.5% D XPEN ITU RES E 9.8% 124 124,457 145 99 > `:: :: ' <: ?' >:> :<:?:: 1400 1.0% = : : > >> :�...:�. � , ::: $ 14 12 City Secretary $ $ ,5 ;;:<;�� $ , ��..: `�.� :: > 129,129 141,239 ': 17 843 12.6% s1 26 7 18.6% City Manager ,239 ,08. ., ,28 rtServices 417.492 509.964 :::::::;: �5:' 3001 0.6% > : :< 4: "50 94.586 18.5% Support . :: 4rgi.:. General Gov Total 5671,078 796 802 ::::: 819. 46 22 244 2.8% ::::::: 9.31.887 :s $135,085 17.0% Finance 192,339 205,487 : :::;`::2445`87: €: 0 0.0% :; >[ :::: 45,587 22.2% Municipal Court 145 344 162,858 [ 60,608 _ (2,250) -1. 5,145 3.2% .....:.::::: Finance Total 3337,683 3368,345 > 33 660 9 5 `: 32,250 -0.6°6 :: >341 0 77 : $50,732 13.896 -0.6 0 >:: >» < 690. '4&:. 120 910 21.2% Fire 531,671 569,238 ::;; 5 5;591} (3,648) % .:.;_:;:::::.::::.;::* :.;:.:: Police 825,243 909,333 910,603 1,270 0.1% 9$1,169 71,826 7.9% Public Safety Support 340,626 378,852 $ X7 6 546 (2,306) -0 6% 417,844 : 38,992 10.3% Public Safety Total 31,697,540 $1,857,423 1 852 739 ($4,68 -0.3% 32. ;: $231,728 12.5% Building Inspections 127,329 161,870 159 (1,959) -12% 2 66,681 41.2% Streets/Drainage 685,699 883 730 914 847;:: 31,117 3 5% 1,407,168 523,438 592% Parks and Recreation 101,924 139,595 146,688:: 7,093 5.1% •193,461:= 53,866 38.6% Public Works Admin 69,674 93 739 E06,153 ; 12,414 132% 117,766 24,027 25.6% Public Works Total $984,626 $1,278,934 '$1,327.599':: $48,665 3.g% . $1,946.946<; $668.012 52.2% Community Dev. Total $145,412 3197.888 $2261 28 303 14.3% : 3281606.: $83,718 413% Note Payable 0 0 0? 0 0.0% 0 0 0.0% Debt Service C.O. Bonds 0 0 i 0' 0 0.0% 0; 0 0.0% Total Expenditures $3,836,339 $4,499,392 :$4, 392,278 2.1% $5,668,667 31, 169 , 275 26.0% .......................... ... ........... ..... ......... ......................... Net Revenues 3262,028 (3338,172) $84,936;:1 3423,108 81 3 (3481.821) Add: Proceeds from C.O. Sale 0 0 0 : 30 $ 7211, 0 00:: $720,000 Add: Proceeds from Note 0 0 0 0 0;': 0 Less: Reserve Personnel 0 0 0 0 (100,000 (100,000) Less :C.O.Payment 0 0 0:: 0 (155 (155,000) Less: Transfer to Special Rev. (796) 0 0 < 0 0 : 0 Net Revenues $261,232 (3338172) !::: 423108 ($354493) ($16,821) Beginning Fund Balance $875,223 $1,136,455 $,136,45>. $0 31,223.,391:: 384,936 Ending Fund Balance $1,136,455 $798,283 $1,221,391: $423,106 $866398;: $68,115 0 CITY OF S O UTHLAKE DEBT SERVICE FUND 04:40 PM REVISED 1992 -93 BUDGET and PROPOSED 1993 -94 BUDGET 93sumald.wk3 07117/93 1992-93 1993 -94 Inc 1992 -93 ` `455 Inc/ 1991 -92 1992 -93 1 - ::':: (Decr) % Inc/ X993: -94r`: (Decr) 1993 -94 REVENUES Actual Budget R e € : € Adopted (Decr) :: P : < Adopte % Inc/ Ad Valorem Taxes $774,800 $807,049 :::::::::::: $32,000 4.0% f : < 31 11 $274,114 34.0% 0 >`_ <; ::: ::::' Interest Income 11,067 15,000 ::;: €::lfl': —26.7% :> 10,000: 5': (4,000) 7 : ,..:.. ( 000 ) —33.3% Operating Transfer In 254 107,849 :: :0184 0 0.0% €:; : ::;; :2 `i 154.318 143.1% ::::::::;:::$95.74W :::.;< :....,,, Total Revenues $786,121 $929,898 353,3 $28,000 3.0% ::;:;:�k ►; ;;; 30 $423,432 45.5% EXPENDITURES NDTTU RES 0 0.0% 100 000 41.7% 205 000 240 00 ::: >: :: > . :.::; >: : >::; Principal $ $ % :`: >:': ::: .:. :'€ $ $ k :, Interest : b3 333,489 423,935 ? :::`:::'::: 0 0.0% : <: :< : ;; : ::: >: 188; :: 297,947 70.3% 0.0% Admin. Expenses 15,586 1,500 ::::<1;54f1i :;::::::::::::::: 0 Operating atin Transfer/ 0 0.0% : :::::5 :': 4 515 —1.8% Water/Sewer Fund 204.922 250.963 :; ::``:::; :2Si�s9b3''. % : . (. ) Total Expenditures $758,997 $916,398 :;;:::;: 30 0.0% „;:: 31 ,830': $393,432 42.9% ::> Net Revenues $27,124 313.500 � [ ::�41 >500; 28 000 3.0 %, :;;; : ;;S435 .U0 330,000 S 0.0% 0 :>; ; ; : '::>:56: Beginning Fund Balance $187,611 $214,735 ' >' >?: r 5 ? $0 % . Ending Fund Balance $214.735 $228,235 ::: :: $256.235 ,000 0.0% : : ::$299."7 B 110P CITY OF SOUTHI AKE UTILITY FUND 08:51 A2vt REVISED 1992 -93 BUDGET and PROPOSED 1993 -94 BUDGET 93sumal5.wk3 07/28/93 1992 -93 1993 -94 $ Inc/ 1992 -93 $ Inc/ 1991 -92 1992 - -93 (Decr) %Inc/ 1993 - 94; (IIecr 1993 -94 REVENUES Actual Budg : Re!vised> Adopted (Decr) Proposed Adopted %Inc/ Miscellaneous $21,323 $22,118 : $�r I #1 $35,982 162.7% ;; >> $17500 ($4,618) -20.9% gg 35 693 25 970'97 0 24 1 i)00> 970 Interest Income ,.::::::. (, ) -7.6% 1560 336 1677 40 >:> `835' 00 G 157, 460 9.4% ' . 1 ' :: 340 20.3% Water Sales residential , ,S . :. , 318 453 419 5 :: : >:> , , 39 38 - 9.4% ? 18, (1,385) - 0.3% Water Sales r �.:::: ( .. 31.6% 65,000 ( ) 19 546 9.5% : [ > :270,45 Sewer Sales 185,824 205, 454 '.EfQ . t : "0 `:' 32 000 12.4% >:> ; ># #32 00 k.€ 62 000 24.0% Sanitation Sales 235,603 258,000 [' € #>:; J,. ; _; ,.;;,.:.;;.;; , >: 31.5 86.453 59. < >: » » > 9 7078 52.011 35.9% :: Other utility charges 218.109 145 . 1,S Total Revenues $2,575,341 $ 534 :".:$3,0.44498::: $292,056 10.6% $3,26$ $511,998 18.696 EXPENSES 0 Other $0 $25,000 > :> > S k: $0 0.0% • : ,,,.. :..:: .. ..Ot $ 0 0.0% 0 0.0% :: 81'8 2,176 2.7% Debt Service- Revenue Bonds 89,423 79, 719 E E £ 7I } , 1 44 889 1605 72 > < ` : ` ?46 14 889 0.9% : :::1,B58 244,797 15.2% Water >:: ><,:: >:: »:: >: •;;;'.;. Sewer 866,653 559,601 4,888 (4,713) -0.8% 887,118 327,577 585% 206396 232 00 '< 5(i(t: 28,300 12.2% : »<: »= 55,800 24.0% Sanitation ,2 Transfer Out 159, 267 95 ;:::::267.29.5:; 0 269;6 :: 2 0.9% • Operati ,2 Total Expenses 52.566 2 76 8 7 $38 1.4% S 402 0 5 $632, 22.896 $ - .387 . > Net Revenues ;:; $665,982 $674,516 ' $8.534 ($15 • 85 )::': ,127 Beginning w«kingcapital < : $674$16 $91 Ending working capital $674,516 $658,663 ; :::.:: 912 ,243; :....: ? S *7;20 G CITY OF S O UTHLAKE SPECIAL REVENUE FUND Parks/Recreation 04:28 PM REVISED 1992 -93 BUDGET and PROPOSED 1993 -94 BUDGET 93suma16.wk3 07/29/93 — 1992 -93 1993-94 — I n Inc/ 1992 93 In $ c/ Adopted $ / — 4 (Decr) Inc �" .4? Deco 9 1991 -92 1992 -93 >7�9243 De % / <1 �..::::. (Decr) 1993 REVENUES Actual Budget >Re rise E Adopted (Decr) P oposl ?d : Adopted % Inc/ Permits/Fees $101,714 $32,200 5966750 $ 64 , 550 200.596 [ 50,000. $17,800 55.3% 62. «�`. us 1 95 796 : >'?`:':: >31Si1 >: (496) — 623% ':> > € € >........ Miscellaneous ,5 ( ) (796)-100.0% Interest 2815 2 y 000 '.'''. > >':: >:. 1 000 50.0% > >! > > >..g. 6 0 00% — — Total Revenues $106,124 $34,996 X 0 0 $65,054 185.9% ' : jOOO $17,004 48.6% EXPENDITURES RES —46.7% 772 $ 23 , 157 772 Improvements $0 $30 000 �1� $14 46.7% <<<�5. .. $ Park mpr r :-.I: 000 ( ) ; .::;:.;:;: Parks and Recreation 4,075 2, 000 ::::::::::::::::::::::::::;:::::::::::::::::::::::::::::::::::::;:::::::::::::::w (2,000) 100.0% �: (2,000)-100.0% _ o 0.0 467 710 0.0% 100.0% >: >#}: Land 0 r. . 4 5 32 000 ::::::::::::::::::::$1000: $16 000 —50.0% ' >'.> > > $ 0 $21 Total Expenditures $ ,07 $ ( ) 5..... : : .. : . ::: :: $21,157 66.1% + j� 054 ($4,153) tip 81 Net Revenues 6102 049 $2,996 < ?: #E ?:S�'._..... 6 , ## ;�`';....,;::,> 0.0 0 % :: >. �0 000:: Add: Proceeds from C.O. Sale 0 0 : ?:::;Q;; t : : , . • 3 0 ; ;$ ;i• Beginning Fund Balance $3,031 105 , 5 , 080 ::>i #00 . $0 x : .. :: Endin g Fund Balance $105,080 $108.076 :: $189.13) 81054 <;<S40 63€ M. SCHEDULE OF NEW REQUESTS 07,29/93 • 05:14 PM GENERAL FUND 94.10e,1., TOTAL DEPARTMENT/Division ITEM AMOUNT PERSONNELOPERATIONS CAPITAL 100 - GENERAL GOVERNMENT 100 -City Secretary/Mayor/ Two fireproof cabinets 5,588 0 0 5,588 City Council Software licensing 1 000 0 0 1.000 TOTAL 6,588 0 0 6,588 103 -City Manager's Office Software licensing 1,000 0 0 1,000 Envelope feeder- printer 235 0 0 235 Facsimile machine 1500 0 0 1,500 TOTAL 2,735 0 0 2,735 105 - Support Services Postage Machine 3,500 0 0 3,500 City Hall Building Expansion 75,000 0 0 75,000 TOTAL 78,500 0 0 78,500 • 106 - FINANCE 106 - Finance Accounts Payable Clerk 22,174 21,724 0 450 Personal Computer/Printer 4,500 0 0 4,500 Software licensing 1,000 0 0 1,000 TOTAL 27,674 21,724 0 5,950 107 - Municipal Court Teen Court Administration (Reimb 12 by CISD) 20,000 12,771 7,229 0 130- PUBLIC SAFETY 131 -Fire Services 1 Firefighters/Paramedic (1 -1 hire) 24,121 24,121 0 0 Ambulance 75,000 0 0 75,000 Vehicle (replacement) 14.700 0 0 14,700 TOTAL 113,821 24,121 0 89,700 132 - Police Services 5 Chairs 2,500 0 0 2,500 4 Emergency Response Vehicles 69,500 0 0 69,500 3 hand -held radios 2,400 0 0 2,400 3 Traffic Radar Units 55 400 0 0 5 400 TOTAL 79,800 0 0 79,800 133 - Public Safety Support 1 Communications Specialist (1 -1 hire) 16,651 16,651 0 0 Computer Upgrade /Software licensing 10,000 0 0 10,000 2 Communications Chairs 1,000 0 0 1,000 Desk Top Copier 1,000 0 0 1,000 Communications Radio Console 11,000 0 0 11,000 Tape Logger Tapes (25) 1 000 0 0 1,000 TOTAL 40,651 16,651 0 24,000 8 SCHEDULE OF NEW REQUESTS GENERAL FUND TOTAL DEPARTMENT/Division ITEM AMOUNT PERSONNELOPERATIONS CAPITAL 140- PUBLIC WORKS 142 - Building Inspections Personal Computers/Printers 12,136 0 0 12,136 Personal Computer Software- Building Permits 7,125 0 0 7,125 Code Enforcement Officer (1 -1 hire) 19,529 18,929 0 600 Plans Examiner (1 -1 hire) 19,529 18,929 0 600 1 Motorola Radio (for truck) 900 0 0 900 1 Mid -size Truck 13.000 0 0 13.000 TOTAL 72,219 37,858 0 34,361 144 - Streets and Drainage White Chapel Bridge (FEMA participation $50K) 50,000 0 0 50,000 3 Drainage Crew Maintenance Workers (1 -1 hire) 49,081 49,081 0 0 Bridge Improvements -guard rails,safety devices 20,000 0 0 20,000 Culvert Replacement 10,000 0 0 10,000 Two 5 ton Dump Trucks 60,000 0 0 60,000 Roller -4 to 6 ton 33,000 0 0 33,000 Motor Grader 135,000 0 0 135,000 Backhoe 43,000 0 0 43,000 Gradall 130,000 0 0 130,000 Rebuild Burney Lane (County) 78,000 0 0 78,000 Rebuild Summer Place (Contract) 93,370 0 0 93,370 Rebuild Ridgecrest (County) 81,675 0 0 81,675 2 Radios for Dump Trucks 2,200 0 0 2,200 Flatbed Truck -1 ton 30,000 0 0 30,000 Office Equipment 500 0 0 500 Pavement Management Plan 10.000 0 10.000 0 TOTAL 825,826 49,081 10,000 766,745 145- Parks/Recreation Roof repair - Community Building 6,000 0 0 6,000 Library Books 5,000 0 0 5,000 Sidewalk/footbridge Field #1 4,000 0 0 4,000 Finishing mower 8,000 0 0 8,000 Joint Use -John Elem fitness stations 3,500 0 0 3,500 Joint Use - Carroll Mid Gym gates 2,000 0 0 2,000 Weedeater 300 0 300 0 Light switch -Field #1 2,500 0 2,500 0 Refrigerator - concession stand 400 0 0 400 Printing -P/R program brochures 1,500 0 1,500 0 Special events - holiday celebrations 2,000 0 2,000 0 Carroll Elem practice fields 5,000 0 0 5,000 Push mower 400 0 400 0 Consulting fees -Park expansion 10,000 0 10,000 0 Park benches 1,155 0 0 1,155 Dugout covers 1,500 0 0 1,500 Tractor with mower attachment 20,500 0 0 20,500 Trailer 1000 0 0 1000 TOTAL 74,755 0 16,700 58,055 SCHEDULE OF NEW REQUESTS 0 GENERAL FUND TOTAL DEPARTMENT/Division ITEM AMOUNT PERSONNELOPERATIONS CAPITAL 140— PUBLIC WORKS 146 — Public Works Admin. Public Works Intern —COG fellow 1,500 1,500 0 0 2 Personal Computers/1 printer 4,475 0 0 4,475 Software Licensing 2 000 0 0 2000 TOTAL 7,975 1,500 0 6,475 150— COMMUNITY DEVELOPMENT 150— Community Development Plat Storage ling cabinets 2,000 0 0 2,000 Corridor Study— FM1709 20,000 0 20,000 0 Personal Computer Software 6,850 0 0 6,850 Personal Computer Upgrades 900 0 0 900 Personal Computer 3,000 0 0 3,000 1 Chair 150 0 0 150 Filing Cabinet 150 0 0 150 Planning Intern 8,447 8,447 0 0 Storage Cabinet 500 0 0 500 Roll Storage Boxes 400 0 0 400 Construction Plan Hanging Rack 550 0 0 550 Layout table and Chair 350 0 0 350 LAN -5 personal computers 2,650 0 0 2,650 Bookcase/hutch 200 0 0 200 Ink Jet Color Printer 1 000 0 0 1,000 TOTAL 47,147 8,447 20,000 18,700 Pay and Classification Plan 100,000 100,000 0 0 GRAND TOTAL GENERAL FUND 1,497,691 272,153 53,929 1,171,609 f SCHEDULE OF NEW REQUESTS UTILITY FUND TOTAL 3EPARTMENT/Division ITEM AMOUNT PERSONNELOPERATIONS CAPITAL 200 - WATER/SEWER 147 -Water Utilities Meter Reading System- Computer 17,000 0 0 17,000 Transmitting Devices -Meter Read System 71,500 0 0 71,500 Water Maintenance Worker 22,186 22,186 0 0 Two 12 ton trucks 22,000 0 0 22,000 Two 2 -way radios 1,900 0 0 1,900 Flatbed Dump Truck 30,000 0 0 30,000 Building Improvement 8,000 0 0 8,000 Water System Improvements 46,000 0 0 46,000 Personal Computer, Printer 4,000 0 0 4,000 Personal Computer Software 4,000 0 0 4,000 Plug Trinity Well @ CPWP 12,000 0 0 12,000 Water Meters 50,000 0 0 50,000 Office Equipment 500 0 0 500 Maintenance - Telemetry System 5,000 0 0 5,000 Oversizing Payments 25.000 0 0 25,000 TOTAL 319,086 22,186 0 296,900 148 -Sewer Utilities Replace Lift Station Motor/2 Pumps 10,000 0 0 10,000 Safety Equipment 3,500 0 0 3,500 Sewer Mains/Manhole Maintenance Equipment 6 200 0 5,000 1,200 TOTAL 19,700 0 5,000 14,700 GRAND TOTAL UTILITY FUND 338,786 22,186 5,000 311,600 '.PECIAL REVENUE FUND - PARKS/RECREATION 350 - SPECIAL REVENUE FUND (Includes Park Dedication Fund and Park Special Revenue- Other) Joint Use - Carroll Int Athletic Field 27,652 0 0 27,652 Joint Use - Carroll Int Basketball Court 21,505 0 0 21,505 Carpet Replacement 4 000 0 0 4000 TOTAL 53,157 0 0 53,157 TOTAL ALL FUNDS 1,889,634 294,339 58,929 1,536,366 PROPERTY TAX proptaxl.wk3 07/29/93 REVENUE ALLOCATION 1993 -94 AMOUNT Total Appraised Value 1993 $765,065,228 Less Exemptions ( -) (84,338,437) Total Taxable Value (Assessed Value) (_) 680,726,791 Proposed Tax Rate (x) 0.45500 Estimated Tax Levy (_) 309. 7307 Estimated Percent of Collections (x) 98.00% Estimated Current Tax Collections ( =) 3,035,361 Estimated Delinquent Collections, Penalty, and Interest ( +) 250,000 Estimated Available Funds ( =) $3,285,361 PROPOSED DISTRIBUTION GENERAL FUND RATE PERCENT TOTAL Current $0.30229 65.53% 81,989,198 Delinquent ( +) 215,000 Total General Fund ( =) 2,204,198 DEBT SERVICE FUND Current 0.15271 34.47% 1,046,163 Delinquent ( +) 35,000 Total Debt Service Fund ( =) 1,081,163 Total General and Debt Service Funds $0.45500 100.00% 83,285,361 HISTORICAL TAX INFORMATION DEBT NET GENERAL SERVICE TOTAL FISCAL TAXABLE FUND FUND TAX YEAR VALUE RATE RATE RATE 1993 -94 $680,726,791 $0.30229 $0.15271 $0.45500 1992 -93 608,254,817 0.32232 0.13268 0.45500 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 0.38820 1988 -89 437,252,301 0.34820 0.04000 0.38820 1987 -88 389,287,099 0.28831 0.04169 0.33000 1986 -87 366,024,873 0.27480 0.04520 0.32000 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 m CITY OF SOUTHLAKE SUMMARY OF GENERAL OBLIGATION BONDS PRINCIPAL AND INTEREST REQUIREMENTS 1993 -94 REQUIREMENTS PRINCIPAL INTEREST TOTAL 1982 General Obligation Bonds $55,000 $3,575 $58,575 1984 General Obligation Bonds 35,000 11,872 46,872 1990 General Obligation Refunding Bonds 45,000 186,433 231,433 1990 Public Property Contractual Obligations 40,000 7,837 47,837 * 1990 Tax/WW and Sewer System Revenue Certificates 30,000 80,167 110,167 # 1990 TRA- Denton Creek Revenue Bonds 35,000 98,848 133,848 # 1990 TRA- Southlake Sewer System Contract Revenue Bonds 30,000 82,600 112,600 1991 Combination Tax/Revenue Certificates of Obligation 40,000 6,300 46,300 1992 Series Tax/WW and Sewer System Revenue Certificates 35,000 84,526 119,526 1992 Series General Obligation Bonds 0 175,357 175,357 ** 1992 Series Tax/WW/Sewer System Certificates of Obligation 0 152,000 152,000 1993 Series Certificates of Obligation 60,000 13,815 73,815 GENERAL OBLIGATION DEBT SERVICE REQUIREMENTS 1992 -93 $405,000 $903,330 $1,308,330 Less: Funded through other sources 30,000 232,167 262,167 Funded through Property Taxes $375,000 $671,163 $1,046,163 TOTAL REQUIREMENTS PRINCIPAL INTEREST* TOTAL 1982 General Obligation Bonds $55,000 $3,575 $58,575 1984 General Obligation Bonds 120,000 24,832 144,832 1990 General Obligation Refunding Bonds 2,991,137 2,219,241 5,210,378 1990 Public Property Contractual Obligations 130,000 14,249 144,249 * 1990 Tax/WW and Sewer System Revenue Certificates 1,050,000 850,008 1,900,008 # 1990 TRA- Denton Creek Revenue Bonds 1,435,000 1,115,625 2,550,625 # 1990 TRA- Southlake Sewer System Contract Revenue Bonds 1,195,000 923,825 2,118,825 1991 Combination Tax/Revenue Certificates of Obligation 125,000 11,550 136,550 1992 Series Tax/WW and Sewer System Revenue Certificates 1,285,000 962,525 2,247,525 1992 Series General Obligation Bonds 1,500,000 1,164,356 2,664,356 * * 1992 Series Tax/WW /Sewer System Certificates of Obligation 1,300,000 1,003,982 2,303,982 1993 Series Certificates of Obligation 320,000 41,625 361,625 TOTAL OUTSTANDING GENERAL OBLIGATION DEBT REQUIREMENTS $11,506,137 $8,335,393 $19,841,530 INTEREST SHOWN IS THE TOTAL OF EACH ANNUAL REQUIREMENT FOR THE REMAINING LIFE OF THE SERIES * Utility related debt funded by transfer from Utility Fund # Utility related debt funded by property taxes ** Utility related debt funded by impact fees - gosum.wk3 07/29/93 1993 EFFECTIVE TAX RATE WORKSHEET efftax3.wk3 City of Southlake, Texas 07/29/93 Using July 25, 1993 Certified Values TAX YEAR 1993 FAx YEAR 1992 TAX YEAR 1991 TAX YEAR 1990 FY1993/94 FY1992/.93 FY1991/42 FY1990/91 1. 1992 total taxable value. Enter the amount of 1992 taxable value on the 1992 tax roll today. Include any adjustments since last year's certification. $618321,032 3574,080,211 3528,597,548 3531,341,816 2. School Districts 3. Preliminary 1992 adjusted taxable value. Subtract line 2 from line 1. 3618,321,032 3574,080,211 $528,597,548 3531,341,816 4. 1992 total tax rate. 0.455000 0.455000 0.445000 0.388200 5. 1992 taxable value lost because court appeals of ARB decisions reduced 1992 appraised value. A. Original 1992 ARB values: B. 1992 values resulting from final court decisions: C. 1992 value loss. Subtract 13 from A: 30 30 30 30 6.1992 taxable value, adjusted for court - ordered reductions. Add line 3 and line 5c. 3618,321,032 3574,080,211 3528,597,548 3531,341,816 7. 1992 taxable value of property in teritory the unit deannexed after January 1, 1992. 8. 1992 taxable value lost because property first qualified for an exemption in 1993. Note that lowering the amount or percentage of an existing exemption does not create a new exemption or reduce taxable value. A. Absolute exemption. Use 1992 market value: 360,000 3782,585 30 31,024,827 B. Partial exemptions. 1993 exemption amount, or 1993 percentage exemption times 1992 value: $854,406 31,293,786 3665,100 30 C. Value loss. Total of A and 13: 3914,406 52,076,371 3665,100 31,024,827 9. 1992 taxable value lost because property first qualified for agricultural appraisal (1 -d or 1 -d -1), timber appraisal, recreational/scenic appraisal, or public access airport special appraisal in 1993. Use only those properties that first qualified in 1993; do not use properties that qualified in 1992 A. 1992 market value: 31,457,965 3661,981 $3,276,909 33,093,963 B. 1993 productivity or special appraised value: 319,235 32,302 $0 $23,118 C. Value loss. Subtract B from A. 31,438,730 3659,679 $3,276,909 33,070,845 10.Total adjustments for lost value. Add line 7, 8C, and 9C. 32,353,136 $2,736,050 33,942,009 34,095,672 11.1992 adjusted taxable value. Subtract line 10 from line 6. $615,967,896 3571,344,161 $524,655,539 3527,246,144 12. Adjusted 1992 tax levy. Multiply line 4 times line 11 and divide by 100. 32,802,654 32,599,616 32,334,717 32,046,770 13. Total 1993 taxable value on the 1993 certified appraisal roll today. 3680,726,791 3588,676,293 3562,233,774 3501,735,973 14. 1993 taxable value of properties under protest. The chief appraiser certifies a list of properties still under ARB protest. The list shows the district's value and the taxpayer's claimed value, or an estimate of the value it the taxpayers wins. For each of the properties under protest, use the lowest of these values. Enter the total here. $4,311,881 $19,578,524 $7,241,768 318,706,520 15.School Districts 16. 1993 total taxable value. Add line 13 and line 14. Subtract line 15. 3685,038,672 3608,254,817 3569,475,542 3520,442,493 17. Total 1993 taxable value of properties in territory annexed since January 1, 1992. $0 30 $1,055,169 $643,790 18. Total 1993 taxable value of new improvements and new personal property located in new improvements. 365,546,035 $31,645,801 $28,859,890 $10,220,771 19. Total adjustments to the 1993 taxable value. Add lines 17 and 18. $65,546,035 $31,645,801 329,915,059 $10,864,561 20. 1993 adjusted taxable value. Subtract line 19 from line 16. $619,492,637 5576,609,016 3539,560,483 3509,577,932 21.1993 effeettve tax rate; Divide line 12 by 20 and multiply by 100. >: 0.452411 0.450846 0.432707 0 401660.: 22.Counties only. 1993 ROLLBACK TAX RATE WORKSHEET TAX YEAR 199TAX YEAR 199TAX YEAR 199TAX YEAR 199 FY1993/94 FY1992/93 FY1991/92 FY1990/91 23. 1992 maintenance and operations tax rate. 0.322320 0.319850 0.367500 0.358300 24. 1992 adjusted taxable value. Enter the amount from line 11. 3615 ,967,896 3571,344,161 3524,655,539 3527,246,144 25. 1992 maintenance and operations tax levy. A. Multiply line 23 times line 24 and divide by 100. 31,985,388 $1,827,444 31,928,109 31,889,123 B. Cities and counties with additional sales tax. C. Total of A and B. 31,985,388 $1,827,444 51,928,109 31,889,123 26.1993 effective maintenance and operations rate. Divide line 25C by line 20 and multiply by 100. 0.320486 0.316930 0.357348 0.370723 27.1993 rollback maintenance and operations rate. Multiply line 26 by 1.08. 0.346125 0.342284 0.385936 0.400381 28. Total 1993 debt service to be paid with property taxes. 31,046,163 3807,049 3769,685 $527,950 29. Certified 1992 excess debt collections. 30 30 30 $124,661 30. Adjusted 1993 debt service. Subtract line 19 from line 28. 31,046,163 3807,049 $769,685 $403,289 31. Certified 1993 anticipated collection rate. 100% 100% 100% 100% 32. 1993 debt service adjusted for collections. Divide line 30 by line 31. 31,046,163 5807,049 $769,685 $403,289 33. 1993 total taxable value. Enter the amount on line 16. 3685,038,672 3608,254,817 $569,475,542 3520,442,493 34.1993 debt tax rate. Divide line 32 by line 33 and multiply by 100. 0.152716 0.132683 0.135157 0.077490 �5 .t39�.:coilirack.tas:rata::: Ado: dtac�' J: aind:: �4'<»?'»' r'>::::'::::';::::>::>:::::::::>::::>:>::;:;:.':>:>::>:: >:::::<:`s::: >:: >� >: >`� >:::: »�z �' >' `:'0:4�8�1 c > < :0:� ?3i►b�> ::::.3 >: > >.Q;52i�1�: < >:;:: >::. >:: >t3:�71. 7.. . 36.Counties only. 1993/94 1992/93 1991/92 1990/91 EFFECTIVE TAX RATE 0.452411 0.450846 0.432707 0.401660 NOTICE AND HEARING LIMIT = EFFECTIVE TAX RATE x 1.03 0.465984 0.464371 0.445688 0.413710 ROLLBACK TAX RATE 0.498841 0.474967 0.521093 0.477871 ...... .. ................... .............................................. ............................... DEBT TAX RATE 0.1.527:16 0.1326 3 Q :135157 0.077490.: ................................................................................. ............................... DEBT TAX RATE INCREASE (- DECREASE) 0.020033 - 0.002474 0.057667 Tax Rate MAINTENANCE AND OPERATIONS 0.302284 0.322320 0.319850 0.367500 DEBT SERVICE 0.152716 0.132680 0.135150 0.077500 TOTAL TAX RATE 0.455000 0.455000 0.455000 0.445000