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Consider adopting Ordinance No. 3587 approving and adopting the City's 2019-20 Operating and Capital Improvement Program Budget and Strategic Plan and take appropriate action
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BACKGROUND:
On July 31, 2019, the proposed 2019-20 fiscal year operating and capital budget was delivered to the City Council and copies were made available at the Farmers Branch Manske Library and placed on the City's Website for review. The proposed budget was discussed with City Council during a budget retreat held August 13th-15th and public budget work sessions held August 20th, September 3rd, September 11th, and earlier this evening. Citizen comments were also requested at a public hearing held earlier this evening.
The following City Council recommended changes (resulting in $1,340,000 in transfers from the General Fund to Non-Bond CIP and Stormwater Utility Funds) have been incorporated into the Proposed Fiscal Year Budget 2019-20 since it was submitted on July 31, 2019.
* General Fund Expenditures - Expenditure Decrease: $43,800
o Non-Departmental Division - Removed Transfer to Non-Bond CIP for future (FY20/21) library renovations funding totaling $746,200; added a Transfer to Non-Bond CIP for future infrastructure improvements totaling $370,000; and, added a Transfer to Stormwater Utility Fund for storm water initiatives totaling $500,000.
o Accounting Division - Removed Transfer to Fixed Asset totaling $200,000 for software costs. Balance of funding will be from existing General Fixed Asset Fund fund balance.
o Parks Maintenance Division - Increased Transfer to Non-Bond CIP funding for additional park improvements totaling $300,000 and a lighting project at Rawhide Creek totaling $170,000.
o Manske Library - Removed a portion of Transfer to Fixed Asset costs for roof replacement totaling $350,000. Balance of funding will be from existing General Fixed Asset Fund fund balance.
* Non-Bond CIP Fund - Revenue Increase: $93,800 ...
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