CITY OF DESOTO, TEXAS Fiscal Year 2015-16 Proposed Budget FOR ADOPTION This budget will raise more revenue from property taxes than last year's budget by an amount of $1,124,321 which is a 4.92 percent increase from last year's budget. The property tax revenue to be raised from new property added to the tax roll this year is $550,885. The members of the governing body voted on the budget as follows: FOR: Mayor Carl O. Sherman Virgil Helm Rachel Proctor Dick North Mayor Pro Tem Curtistene McCowan James Zander Kristine Clark AGAINST: N/A PRESENT and not voting: N/A ABSENT: N/A Property Tax Rate Comparison 2015-2016 2014-2015 Property Tax Rate: $0.749900/100 $0.757400/100 Effective Tax Rate: $0.730232/100 $0.728436/100 Effective Maintenance & Operations Tax Rate: $0.513382/100 $0.510502/100 Rollback Tax Rate: $0.763194/100 $0.766335/100 Debt Rate: $0.225000/100 $0.227100/100 Total debt obligation for City of DeSoto secured by property taxes: $ 6,984,292. DeSoto City Council Special Meeting Agenda City Council Conference Room Jim Baugh Government Center DeSoto City Hall 211 E. Pleasant Run Road DeSoto, TX 75115 (972) 230-9646 CITY OF DESOTO SOARING FOR EXCEi.I ENCE Mayor Carl Sherman DATE: Friday, July 24, 2015 Mayor Pro Tem Curtistene Mccowan Councilmember VirgilHelm SPECIAL MEETING: 6:00 p.m. CouncilConference Room Councilmember Kristine Clark Councilmember Rachel Proctor Councilmember Dick North Councilmember James Zander As authorized by Section 551.071(2) of the Texas Government Code, this meeting may be convened Into closed Executive Session for the purpose of seeking confidential legal adVlce from the City Attomey on any agenda Item listed herein. AGENDA 1. Call to Order a. Presentation and discussion of the Proposed FY 2015-2016 Budget and FY 2016- 2017 Planning Budget b. Presentation and discussion of the DeSoto Economic Development Corporation (DEDC) Budget for FY 2015-2016 and the Business Plan 2. Adjourn NOTICE OF ASSISTANCE AT THE PUBLIC MEETING The building in which the above meeting will be conducted is wheelchair accessible. Person with disabilities who plan to attend this meeting and may require auxiliary aid or services such as readers or large print, or interpreters for persons who are deaf or hearing impaired, are requested to contact the Office of City Secretary at 972-230-9646 or by E-mail at kmords@desototexas gov or by calling through a T.D.D. (Telecommunication Device for the Deaf) to Relay Texas 800-732-2989. I, the undersigned authority, do hereby certify that this Notice of Meeting was posted in accordance with the regulations of the Texas Open meetings Act on the bulletin board located at the entrance to the City of DeSoto's Jim Baugh Government Center, a place convenient and readily accessible to the general public as well as to the City's websiWw;v.desototexas.goy and said Notice was posted on the following date and time: Friday, July 17, 2015 by 5:00 P.M. and remained so posted at least two hours after said meeting was convened. J Kisha R. Morris, City Secretary DeSoto City Council Meeting are broadcast live in their entirety on DeSoto's City Website WftW .desolotexas .goy Government Access Channel 16 available to Time Warner subscribers on the first and third Tuesday of each month at 7:00 p.m. A taped broadcast is aired each day on Channel 16 at 10:00 a.m.. 2:00 p.m.. 7:00 p.m.. and 11:00 p.m. following the live broadcast. Question regarding the broadcast schedules should be directed to Kathy Jones, Community relations Manager, at 972-230-9648 .These taped broadcasts are also available to view on the City's website <www desototexas .goy lat your convenience . Questions regarding the Internet viewing of these meetings should be directed to the Office of the City Secretary at 972-230-9646. DeSoto City Council Special Meeting Agenda Budget Workshops and Staff Briefings City Council Conference Room Jim Baugh Government Center DeSoto City Hall 211 E. Pleasant Run Road DeSoto, TX 75115 (972) 230-9646 Mayor Carl Sherman DATES: Thursday, July 30, 2015 Mayor Pro Tem Curtistene McCowan (continuing on Friday, July 31, 2015) Councilmember Virgil Helm Councilmember Kristine Clark SPECIAL MEETING: Councilmember Rachel Proctor 5:00 p.m. Council Conference Room (7/30/15) Councilmember Dick North 9:00 a.m. Council Conference Room (7/31/15) Councilmember James Zander As authorized by Section 551.071(2) of the Texas Government Code, this meeting may be convened into closed Executive Session for the purpose of seeking confidential legal advice from the City Attorney on any agenda item listed herein. AGENDA 1. THURSDAY, JULY 30, 2015 Gather at 4:30 pm (dinner) Discussions begin at 5:00 pm a. Discussion of General Fund b. Discussion of Debt Service c. Discussion of Cooperative Efforts Funds d. Discussion of Capital Improvement Program (CIP) e. Discussion of DeSoto Economic Development Corporation (DEDC) Budget and Work Plan f. Discussion of Drainage Fund (time permitting) g. Discussion of Sanitation Fund (time permitting) 2. FRIDAY, JULY 31, 2015 Gather at 8:30 am (breakfast) Discussions begin at 9:00 am a. Discussion of Drainage Fund (continuation of discussion if applicable) b. Discussion of Sanitation Fund (continuation of discussion if applicable) c. Discussion of Public Utility Fund d. Discussion of Special Revenue Funds e. Discussion of Hotel Occupancy Fund f. Discussion of All Other Funds NOTICE OF ASSISTANCE AT THE PUBLIC MEETING The building in which the above meeting will be conducted is wheelchair accessible. Person with disabilities who plan to attend this meeting and may require auxiliary aid or services such as readers or large print, or interpreters for persons who are deaf or hearing impaired, are requested to contact the Office of City Secretary at 972-230-9646 or by E-mail at [email protected] or by calling through a T.D.D. (Telecommunication Device for the Deaf) to Relay Texas 800-732-2989. I, the undersigned authority, do hereby certify that this Notice of Meeting was posted in accordance with the regulations of the Texas Open meetings Act on the bulletin board located at the entrance to the City of DeSoto's Jim Baugh Government Center, a place convenient and readily accessible to the general public as well as to the City's website www.desototexas.gov and said Notice was posted on the following date and time: FRIDAY, JULY 24, 2015 by 5:00 PM and remained so posted at least two hours after said meeting was convened. Kisha R. Morris, City Secretary DeSoto City Council Meeting are broadcast live in their entirety on DeSoto's City Website www.desototexas.gov Government Access Channel 16 available to Time Warner subscribers on the first and third Tuesday of each month at 7:00 p.m. A taped broadcast is aired each day on Channel 16 at 10:00 a.m., 2:00 p.m., 7:00 p.m., and 11:00 p.m. following the live broadcast. Question regarding the broadcast schedules should be directed to Kathy Jones, Community relations Manager, at 972-230-9648. These taped broadcasts are also available to view on the City's website (www.desototexas.gov ) at your convenience. Questions regarding the Internet viewing of these meetings should be directed to the Office of the City Secretary at 972-230-9646. TABLE OF CONTENTS Working Budget-Council Workshop Proposed BY2015-2016 & Planning 2016-2017 INTRODUCTION -------------------------------------------------------------------------------- 1-1 GFOA Budget Achievement Award 2015 ------------------------------------------------ 1-3 Readers Guide -------------------------------------------------------------------------------- 1-4 City Officials ----------------------------------------------------------------------------------- 1-7 Organizational Chart ------------------------------------------------------------------------- 1-8 Community Profile ------------------------------------------------------------------------- 1-10 BUSINESS PLAN -------------------------------------------------------------------------------- 2-3 BUDGET MESSAGE ---------------------------------------------------------------------------- 3-3 BUDGET POLICIES ------------------------------------------------------------------------------ 4-1 Calendar --------------------------------------------------------------------------------------- 4-3 City Charter Requirements ----------------------------------------------------------------- 4-4 Budget Policies ------------------------------------------------------------------------------- 4-7 Basis of Budgeting and Accounting ------------------------------------------------------ 4-9 Financial Policies --------------------------------------------------------------------------- 4-11 FINANCIAL ANALYSIS -------------------------------------------------------------------------- 5-1 Fund Structure -------------------------------------------------------------------------------- 5-3 Budgeted Position History ----------------------------------------------------------------- 5-5 Revenue Summary by Major Type – Chart ------------------------------------------- 5-29 Three Year Comparison of Major Revenues – All Funds -------------------------- 5-33 Revenue Summary by Fund -------------------------------------------------------------- 5-34 Expenditures Summary by Function-Chart---------------------------------------------5-35 Expenditure Summary by Function-----------------------------------------------------5-36 Expenditure Summary by Fund --------------------------------------------------------- 5-37 GENERAL FUND ---------------------------------------------------------------------------------