Item 6LIREW CITY OF
SQUTHLAKE
MEMORANDUM
August 28, 2013
TO: Shana Yelverton, City Manager
FROM: Sharen Jackson, Chief Financial Officer
SUBJECT: Approval of amended Fiscal Year 2013 Southlake Crime Control and
Prevention District Operating Budget and adoption of Fiscal Year 2014
Operating Budget
Action Requested: Approval of amended Fiscal Year 2013 Southlake Crime Control and
Prevention District Operating Budget and adoption of Fiscal Year 2014
Operating Budget.
Background
Information: Your packet contains the operating budget adopted by the Crime Control
and Prevention District Board of Directors on August 6, 2013. The
proposed operating budget provides for the continuation of the Town
Square security initiative ($35,000). New request for FY 2014 include
the following:
• SRO program expansion (personnel and equipment) $ 627,477
• Patrol rifles and accessories $ 33,575
• Patrol TASER's $ 14,469
• Bike team equipment enhancements $ 7,188
• Town Square security camera upgrade/expansion $ 53,443
Total funding requested for FY 2014 CCPD operating fund for operations
is $836,099 and transfers out of $5,245,275 for CCPD debt service
requirements ($4,019,135), indirect charges ($226,140) and cash funding
for North DPS construction cost ($1,000,000).
Financial
Considerations: The proposed operating budget includes projected sales tax and interest
income of $5,653,500. $836,099 for operating expenditures, transfers out
of $5,245,275.
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 3, 2013.
Legal Review: None required.
Alternatives: Approve or reject the budgets submitted
Supporting
Documents: CCPD FY 2014 Operating Budget
Staff
Recommendation: Approval of CCPD FY 2014 Operating
SOUTHLAKE CRIME CONTROL
AND PREVENTION DISTRICT - OPERATING FUND
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
FY2014 Proposed Budget 05:01 PM
October 1, 2013 through September 30, 2014 08/28n3
2012
Actual
2013
Adopted
2013
Amended
$ Increase/
(Decrease)
Adopted
% Increase/
-Decrease
2014
Proposed
$ Increase/
(Decrease)
Adopted
% Increase/
-Decrease
S4,724,779
S4,950,000
$5,500,000
$550,000
11.1%
$5,650,000
$700,000
14.1%
0
0
0
$0
0.0%
$0
($0)
0.0%
S1,053
S13,500
3,500
10 000
-74.1 %
$3,500
10 000
-74.1
$5,503,500
$4,725,832
$4,963,500
$540,000
10.9%
$5,653,500
$690,000
13.9%
$29,753
$50,530
$156,341
$105,811
209.4%
$584,407
$533,877
1056.6%
$214,832
$34,000
$102,949
68,949
202.8%
$251,692
217,692
640.3%
L0
$981,725
$981,725
0
0.0%
L0
98( 1,725)
-100.0%
$244,585
$1,066,255
$1,241,015
$174,760
16.4%
$836,099
($230,156)
-21.6%
$4,481,247
$3,897,245
$4,262,485
$365,240
$4,817,401
$920,156
$0
$0
$0
$0
(2,149,600)
(2,176,740)
(2,176,740)
(4,245,275)
(4,000,000)
(3,000,000)
(3,000,000)
(1,000,000)
(6,149,600)
(5,176,740)
(5,176,740)
(5,245,275)
$6,830,797
$5,162,444
$5,162,444
$3,882,949
$5,162,444
$4,248,189
$4,248,189
$3,820,315
(Reference to Section 363.203, Local Government Code, Annual Budget Proposal.)
1. Outstanding obligations of the District are the repayment of Certificates of Obligations issued in May 2009, May 2010 and April 2013 in the amount of $2,740,000
$1,618,100 and $8,185,485 with a FY 2014 debt service payment of $4,019,135. The certificates of obligations will be paid off in FY 2015, FY 2016 and FY 2017, respectively.
2. There is $4,248,189 in the Operating Fund and $442,483 in the Capital Projects Fund estimated to be on hand as of the beginning of FY 2014
3. An estimated $5,650,000 is expected to be received by the District during FY2014 in sales tax revenues.
4. Total revenue is estimated at $5,653,500 consisting of sales tax and interest income.
5. Total money requested to fund programs is $836,099 for personnel, equipment and security initiatives.
6. Total transfers of $4,245,275 requested for repayment of outstanding debt obligation and indirect charge.
7. The sales tax rate is .5%.
8. There is $3,820,315 in the Operating Fund estimated to be on hand as of the end of FY2014
9. Total revenues available to cover the proposed budget are $5,653,500.