Item 6MC-ITY Or
SOUTHLAKE
MEMORANDUM
August 28, 2014
TO: Shana Yelverton, City Manager
FROM: Sharen Jackson, Chief Financial Officer
SUBJECT: Approval of amended Fiscal Year 2014 Southlake Crime Control and
Prevention District Operating Budget and adoption of Fiscal Year 2015
Operating Budget
Action Requested: Approval of amended Fiscal Year 2014 Southlake Crime Control and
Prevention District Operating Budget and adoption of Fiscal Year 2015
Operating Budget.
Background
Information: Your packet contains the operating budget adopted by the Crime Control
and Prevention District Board of Directors on August 12, 2014. The
proposed operating budget provides for the continuation of the Town
Square security initiative ($43,050). New request for FY 2015 include
the following:
• SRO program expansion (personnel and equipment) $ 662,990
• Secure Digital Storage $ 18,000
Total funding requested for FY 2015 CCPD operating fund for operations
is $724,040 and transfers out of $4,281,600 for CCPD debt service
requirements ($4,017,900) and indirect charges ($263,700).
Financial
Considerations: The proposed operating budget includes projected sales tax and interest
income of $6,592,000. $724,040 for operating expenditures, transfers out
of $4,281, 600.
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.
Citizen Input/
Board Review: A Public Hearing is scheduled for September 2, 2014.
Legal Review: None required.
Alternatives: Approve or reject the budgets submitted
Supporting
Documents: CCPD FY 2015 Operating Budget
Staff
Recommendation: Approval of CCPD FY 2015 Operating
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
SOUTHLAKE CRIME CONTROL
AND PREVENTION DISTRICT - OPERATING FUND
FY2015 Proposed Budget
October 1, 2014 through September 30, 2015
04:12 PM
08/27n 4
2013
Actual
2014
Adopted
2014
Amended
$ Increase/
(Decrease)
Adopted
% Increase/
-Decrease
2015
Proposed
$ Increase/
(Decrease)
Adopted
% Increase/
-Decrease
$5,571,464
$5,650,000
$6,400,000
$750,000
13.3%
$6,592,000
$942,000
16.7%
0
0
0
$0
0.0 %
$0
($0)
0.0%
136
$3,500
500
3 000
-85.7 %
500
3 000
-85.7%
$6,400,500
$5,571,600
$5,653,500
$747,000
13.2%
$6,592,500
$939,000
16.6%
$157,224
$584,407
$557,946
($26,461)
-4.5%
$594,986
$10,579
1.8%
$101,997
$251,692
$189,966
(61,726)
-24.5%
$111,054
(140,638)
-55.9%
981 061
Lo
�_o
(1
-100.0%
$18,000
18 000
179999900.0%
$1,240,282
$836,099
$747,912
($88,187)
-10.5%
$724,040
($112,059)
-13.4%
$4,331,318
$4,817,401
$5,652,588
$835,187
$5,868,460
$1,051,059
$0
$0
$0
$0
(2,176,740)
(4,245,275)
(4,245,275)
(4,281,600)
(3,000,000)
(1,000,000)
(1,000,000)
0
(5,176,740)
(5,245,275)
(5,245,275)
(4,281,600)
$5,162,444
$4,317,022
$4,317,022
$3,889,148
$4,317,022
$4,724,335
$4,724,335
$6,311,195
(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 $1,400,000
$1,035,000 and $5,825,000 with a FY 2015 debt service payment of $4,017,900. The certificates of obligations will be paid off in FY 2015, FY 2016 and FY 2017, respectively.
2. There is $4,724,335 in the Operating Fund and $1,122,537 in the Capital Projects Fund estimated to be on hand as of the beginning of FY 2015
3. An estimated $6,592,000 is expected to be received by the District during FY2015 in sales tax revenues.
4. Total revenue is estimated at $6,592,500 consisting of sales tax and interest income.
5. Total money requested to fund programs is $724,040 for personnel, equipment and security initiatives.
6. Total transfers of $4,281,600 requested for repayment of outstanding debt obligation and indirect charge.
7. The sales tax rate is .5%.
8. There is $4,724,335 in the Operating Fund estimated to be on hand as of the end of FY2015
9. Total revenues available to cover the proposed budget are $6,592,500.