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FY 2020-2021 Adopted Budget

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FY 2020-2021 Adopted Budget Sections 102.005 and 102.007 of the Texas Local Government Code require the following information be included on the cover page of the budget document. This budget will raise more total property taxes than last year's budget by $254,960 or 10.02%, and of that amount $126,146 is tax revenue to be raised from new property added to the tax roll this year. Property Tax Rate Comparison, per $100 of taxable value: FY19-20 FY20-21 Tax Rates: Adopted Rate $0.647489 $0.647489 Effective/No New Revenue Rate $0.587329 $0.614955 Effective/No New Revenue Maintenance and Operations Rate $0.450482 $0.488299 Debt Rate $0.134465 $0.142100 Rollback/Voter Approval Rate $0.620985 $0.647489 Municipal Debt Obligations – Principal and Interest: Total Tax Supported Total Self-Supported Grand Total $10,351,784 $15,722,658 $26,074,442 FY20-21 Tax FY20-21 Self- FY20-21 Supported Supported Total $1,197,488 $686,742 $1,884,230 1 | P a g e TABLE OF CONTENTS General Information ................................................................................................................... 4 City Officials ................................................................................................................................ 5 A Brief History ............................................................................................................................... 7 City of Krum Statistics................................................................................................................ 10 The Budget Process .................................................................................................................. 11 City Organization Chart ........................................................................................................... 14 General Fund ............................................................................................................................ 15 Fund Summaries…………………………………………………………………………………...16 Revenues ............................................................................................................................. 17 Expenditures Summary ....................................................................................................... 18 Administration Department ............................................................................................... 19 Finance Department .......................................................................................................... 21 Human Resources/Risk Management Department ........................................................ 23 Court Department .............................................................................................................. 25 Library Department ............................................................................................................ 27 Police Department ............................................................................................................. 29 Animal Control Department .............................................................................................. 31 Development Services Department ................................................................................. 33 Streets and Drainage Department ................................................................................... 35 Parks and Recreation Department ................................................................................... 37 Fire Department .................................................................................................................. 39 Solid Waste Department .................................................................................................... 42 Water & Sewer Fund ................................................................................................................. 44 Fund Summaries .................................................................................................................. 45 Revenues ............................................................................................................................. 46 Expenses Summary ............................................................................................................. 47 Restricted Funds (Water, Sewer, Drainage) ........................................................................... 50 Debt Service Fund .................................................................................................................... 56 Special Revenue Funds ............................................................................................................ 59 2 | P a g e Appendix ................................................................................................................................... 60 Pay Plan & Schedule of Personnel……………………………………………………………..61 Budget Policy………………………………………………………………………………………62 Budget Contingency Plan……………………………………………………………………….64 Fund Balance Policy……………………………………………………………………………...66 Inter-Fund Transfer Policy………………………………………………………………………...68 Debt Management Policy………………………………………………………………………69 Budget Ordinance………………………………………………………………………………..70 Tax Rate Ordinance………………………………………………………………………………74 Glossary of Terms ...................................................................................................................... 81 3 | P a g e General Information 4 | P a g e CITY OFFICIALS CITY COUNCIL Ron Harris Mayor Austin Petersen Melynda Rivers Place 1 Place 3 Richard Troth Mike Strand Place 4 Place 5 Rhonda Harrison Mayor Pro-Tem Place 2 5 | P a g e CITY ADMINISTRATION Carrie Burkey Lisa Cabrera Human Resource Director City Secretary Devon Kennedy Terry Hargis Director of Public Works Police Chief Donna Pierce Ken Swindle Director of Library Services Fire Chief Karen Hollingsworth Finance Director 6 | P a g e A Brief History On March 13th, I857, Bounty Warrant #782 was issued by F. P. Brewister, acting Attorney General, granting for the State of Texas 1,920 acres to the heirs of Charles Despallier. This land grant was made to these heirs of Despallier for his services in the battle of the Alamo. Charles Despallier was killed defending the Alamo in the year 1836. A part of this 1,920-acre land grant was later to become the town of Krum. After the land grant, Justin Castino was appointed administrator of the estate of Charles Despallier in order to sell the 1,920 acres at public auction. The land was sold to the highest bidder for a total sum of $40.00. In 1884 the town site of Krum (although not established as a town site at the time) was bought by L. T. Finley for $10.00 an acre. Finley sold a part of this land to the Santa Fe for construction of the railroad. The town did not originate until 1886, when the railroad was built through the tract. In obtaining land for construction of the railroad, many suits were filed in County Court as to true ownership of the land. In many instances, it cost more to clear the title of the land than the land was thought to be worth at the time. As was the case in pioneer days, the coming of the railroad made the town, and Krum, named after the vice president of the railroad, A. R. Krum, began to grow and prosper. Business houses began to spring up; L. T. Finley built the first general merchandising store. The section house and the depot were built and are still standing. The first depot agent was Mr. L. B. Seaman. In the early 1900s Krum boasted a general store, blacksmith shop and a gigantic steam operated flour mill. Krum’s reputation as a wheat market was statewide and was once considered one of the world's greatest inland wheat shipping centers. The older citizens can recall that one million bushels of wheat was shipped on the G.C. & S.F. Railway in 1900. The wheat raised in the community was so superior in quality, compared to other portions of the state, that it was excluded from grain contests at the Dallas Fair. Grain raised in the rich farming belt was brought to Krum by wagons and bought by the local flourmill and numerous independent buyers for shipment all over the world. Some of the older members of the community remember seeing the many wagons that would crowd the streets at harvest time. They tell of seeing wagons parked side by side in the street for a distance of a half-mile. Most wagons would hold about 3,000 pounds of grain. This amounted to about 50 bushels of wheat, and it usually required two or three men to hold the mules and horses and dump the wheat. Many times the men could not get the wagons unloaded and make the trip home in a day, so they would have to stay overnight and sleep in their wagons. 7 | P a g e The flour mill milled an excellent quality of flour, and it taxed the capacity of the mill to produce enough flour to meet the demand. Some of the name brands of flour milled in early 1900 were Rainbow Flour, Big K and White Lily. These products won numerous medals at the fair for their fine quality. The mill was destroyed by fire sometime between 1913 and 1915. Soon after the turn of the century, B. F. Wilson opened an addition in the south part of town and a building boom was experienced. By this time many other business places had been built and Krum was a thriving town. In 1905 the Town Platt of Krum was prepared by Thomas King, engineer, and was certified by the Gulf, Colorado and Santa Fe Railway. 35 Dr. Gose had moved to Krum in 1898 and had his office and a drug store combined on the lot just west of the old bank building. June Benton had a livery stable, Chadwell’s had built a large frame
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