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CITY COUNCIL AGENDA COMMUNICATION |
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| | | | | | | | | AGENDA DATE: | August 28, 2018 |
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| | | | | | | | | SUBJECT: | Conduct a Public Hearing on the Fiscal Year 2018-2019 City Budget as Required by Article IV, Section 4.04 of the Allen City Charter. |
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| | | | | | | | | STAFF RESOURCE: | Eric Cannon, Chief Financial Officer
Chris Landrum, Budget Manager |
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| | | | | | | | | PREVIOUS COUNCIL ACTION: | On July 24, 2018, City Council set Tuesday, August 14, 2018, and Tuesday,
August 28, 2018, as the Public Hearing dates regarding the City
Budget. On August 14, 2018, City Council held the first Public Hearing regarding the City Budget.
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| | | | | | | | | ACTION PROPOSED: | Conduct
a Public Hearing on the Fiscal Year 2018-2019 City Budget as Required
by Article IV, Section 4.04 of the Allen City Charter. |
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| | | | | | | | BACKGROUND
The
City Charter requires that the City Council set and conduct a Public
Hearing on the Budget. This year, the City will hold two public hearings
to coincide with the two public hearings that are to be held on the tax
rate. August 14, 2018, and August 28, 2018, are the dates Council set
for the public hearings on the budget.
The City Charter mandates that no other business may be conducted at
these hearings. As stated in the City Charter, a Notice of Public
Hearing on the Budget must be published 5-15 days prior to the hearing.
The notice for the first public hearing was published on August 2,
2018, in The Allen American newspaper, and the notice for the second
public hearing was published on August 16, 2018, in The Allen American
newspaper.
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| | | | | | | | BUDGETARY IMPACT
The
FY 2018-2019 Proposed Expenditure Budget totals $220,725,510 for all
funds. The FY 2018-2019 Proposed Revenue Estimate plus beginning Fund
Balance totals $303,610,112 for all funds. Please refer to the attached
Combined Budget Summary for further details.
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| | | | | | | | STAFF RECOMMENDATION
Staff
recommends that the City Council conduct a public hearing and announce
that the City Council will vote on the budget at the September 11, 2018,
City Council meeting at 7:00 p.m. at Allen City Hall, 305 Century
Parkway, Allen, Texas.
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