The URL can be used to link to this page

Home My WebLink AboutProperty tax forecast hanouts• * =TTVTIXTIIMF r • • , TAD VALUES Current Value Per Unit Value Future Value Units COMMERCIAL $ 432,551,711 $ 124.12 $ 2,044,033,722 Sq. Ft. RESIDENTIAL $ 532,546,856 $ 700,000.00 $ 723,800,000 Num. Build -Out Current Units Residential 331 Commercial 3,485,000 Future single family lot sizes: lot size 12,000 235 15,000 177 20,000 41 30,000 51 150,000 15 non -CT 184 703 Notes regarding the above data: TAD VALUES Current Per Unit Value Commercial Future Units Total Units 703 12,983,453 Provided by TAD records. 1,034 16,468,453 Built % 32% 21% Divided total commercial real and personal property values by total existing sq. ft.. Per Unit Value Single family Quick estimate. Current average value is approx. $1,600,000 but 400 of the 703 anticipated future lots may be 15,000 sq. ft. or smaller so the avg. home values will be significantly less. Future Value Commercial Carried over current value per square foot and multiplied by entitled Sq. Ft. Future Value Single family Quick estimate. Current average value is approx. $1,600,000 but 400 future lots will be 15,000 sq. ft. or smaller so the home values will be significantly less. Current Units Commercial Data gathered from web sites, PD site plans, and estimates. Current Units Single family Determined total number of single family residences from TAD records, aerial photos, and staff verification. Future Units Commercial Determined total allowable or total proposed depending upon zoning district, multiplied by current value per sq. ft.. Multi- family and mixed use was omitted. Future Units Single family Determined total allowable or total proposed depending upon zoning district. Multi- family and mixed use was omitted. This data reflects estimated figures, numerous variables could significantly change results. 611,11� Q5,11 Impact by Neighborhood Estates of Westlake $ 1,270,164 $ 1,016,131 $ 1,016 Glenwyck Farms $ 1,314,712 $ 1,051,770 $ 1,052 Paige- Brooke $ 2,044,450 $ 1,635,560 $ 1,636 Aspen Lane $ 822,671 $ 658,137 $ 658 Stagecoach Hills $ 235,012 $ 188,010 $ 188 Terra Bella $ 710,700 $ 568,560 $ 569 Vaquero $ 1,984,800 $ 17587,840 $ 1,588 Not Assigned $ 779,072 $ 623,258 $ 623 I 1 Real Estate Residential Property Totals (AV) * ** 2 Real Estate Commercial Property Totals (AV) 3 Personal Property Commercial (AV) 4 Agriculture Taxable Property Total (AV) 4 Ag Deferrals (Exemption) 5 Arbitration Cases estimated (AV) 5 Incomplete Accounts 20% Homestead Exemption (AV) Disabled Vets (AV) Absolute Exemptions 6 Denton County Taxable Property Total (TV) Certified Taxable Value Abatements and rebates 7 Fidelity Phase 1 tax abatement /rebate 8 Fidelity Phase 2 tax abatement /rebate 9 Fidelity Phase I commercial personal property .66% 10 Fidelity Phase II commercial personal property .33 11 Deloitte tax abatement /rebate 12 Deloitte commercial personal property Total Net Taxable Value Assumption of 98% collection rate Tax Revenue from one cent property tax i MM MM :�i : :. IY. - -Ra w t t F F M n a $ 524,507,964 $ $ 524,507,964 $ 5 540,243,203 $ 5 556,450,499 $ 5 573,144,014 $ 5 590,338,334 361,513,984 5 518,744,264 6 629,119,149 ! 6 641,701,532 6 654,535,563 6 667,626,274 72,919,459 9 97,919,459 9 99,877,848 1 101,875,405 1 103,912,913 1 105,991,172 67,829,626 6 67,829,626 6 69,864,515 7 71,960,450 7 74,119,264 7 76,342,842 (67,568,554) ( (67,568,554) ( (69,595,611) ! ( (71,683,479) ( (73,833,983) ( (76,049,003) (33,037,056) ( (33,037,056) ( (34,028,168) ( (35,049,013) ( (36,100,483) ( (37,183,498)', (4,574,461) ( (4,574,461) ( (4,711,695) ( (4,853,046) ( (4,998,637) ( (5,148,596) (62,128,171) ( (62,128,171) ( (63,992,016); ( (65,911,777) ( (67,889,130) ( (69,925,804)' (12,000) ( (12,000) ( (12,360)? ( (12,731) ( (13,113) ( (13,506)) (6,038,661) ( (6,038,661) ( (6,038,661)' ( (6,038,661) ( (6,038,661) ( (6,038,661) 1,352,244 1 1,352,244 1 1,352,244 1 1,392,811 1 1,434,596 1 1,477,634 854,764,374 1 1,036,994,654 1 1,162,078,449 1 1,189,831,992 1 1,218,272,342 1 1,247,417,187 (61,675,718) (72,036,961) ( (72,036,961) ( (74,198,070) ( (76,424,012) ( (78,716,733) ( (81,078,234) (7,366,679) - - - - - - - - * ** 65 and older taxable value represents $24,091,253 which is not included in the totals above Assumptions: 1. Current residential valuations remain flat for FY 11 -12 and then increase 3% annually (inflation plus new improvements) 2. Current commercial valuations remain flat for FY 11 -12 + $150M (Deloitte) and flat for FY 12 -13 + $100M (Deloitte) and then increase 3% annually 3. Commercial personal property valuations remain flat for FY 11 -12 and then increase at 2% annually, plus estimated increase of $25M from new development at Deloitte. 4. Agriculture valuations and deferrals remain flat for FY 11 -12 and then increase 3 % annually S. Based on TAD estimated amount on certified 7.25.10 values; Remains flat for FY 11 -12 and is appreciated 3% annually thereafter 6. Denton County Taxable Property is flat for Fy 11 -12 and FY 12 -13 and then appreciates 3% annually 7. 90% Fidelity Phase I tax abatement; 2010 Roll taxable value $68,528,575. Rebate effective until mid -2011 under 2000 economic development agreement 8. 90% tax abatement for 10 years; 2010 Roll taxable value $80,041,068, flat for FY 11 -12 and 2% annual appreciation in subsequent years. 9. 2010 Roll taxable value of personal property $12,277,810 for All Fidelity - Assumed 66% for Phase I 10. 2010 Roil taxable value of personal property $12,277,810 for ALL Fidelity - Assumed 33% for Phase 11; flat for FY 11 -12 with 2% annual appreciation in subsequent years. 11. 75% tax abatement for 10 years; assumes CO in -mid 10/11, with taxable value of $150M on tax rolls as of Jan. 2011, $100M as of Jan. 2012 12. Assumes $25M in taxable commercial personal property in FY 12/13, abated at same schedule as #11 with 2% annual appreciation. 8/19/2010 3:47 PM 8/19/2010 3:47 PM Tax RE ent property tax $ 69,580 $ 83,173 $ 89,699 $ 91,863 $ 94,080 $ 96,353 ax rate of: 0.10 695,802 831,727 896,992 918,627 940,801 963,530 a r 0.15 1,043,702 1,247,590 1,345,488 1,377,940 1,411,202 1,445,294 0.20 1,391,603 1,663,453 1,793,985 1,837,253 1,881,602 1,927,059 0.25 1,739,504 2,079,317 2,242,481 2,296,567 2,352,003 2,408,824 0.30 2,087,405 2,495,180 2,690,977 2,755,880 2,822,403 2,890,589 0.35 2,435,306 2,911,043' 3,139,473 3,215,193 3,292,804 3,372,353 0.40 2,783,207 3,326,907 3,587,969 3,674,507 3,763,204 3,854,118 0.45' 3,131,107 3,742,770 4,036,465 4,133,820 4,233,605 4,335,883 0.50 3,479,008 4,158,633 4,484,961 4,593,134 4,704,006 4,817,648 0.55 3,826,909 4,574,497 4,933,457 5,052,447 5,174,406 5,299,412 8/19/2010 3:47 PM KEY DECISIONS, EVENTS AND CIRCUMSTANCES "ALONG THE WAY1.0 TV4T IIAPACT WHERE WE ARE TODAY Decision to use sales tax to pay debt service on bonds for a major capital improvement (WA). Note: These bonds are "'back stopped" with property tax pledge Complexity of the Town's sales tax base, including how much of it is "one time" sales tax, not on-going 311M. my M IT WSPITRI"s r, M_ re " TOM 0 Sales tax revenues declined due to economic recession Other revenue sources not diverse or growing and are often "one time" revenues, not on-going Inability of Town's revenue base to fund its infrastructure in terms of major capital maintenance and capital improvements. Municipality Bedford Proposed Tax Rates FY 2010 -2011 0.495193 0 &M 0.313995 I &S 0.177614 Collection Rate 97% Burleson 0.71 0.5478 0.1622 98% Colleyville 0.3559 0.29758 0.05832 98% Euless 0.47 0.343905 0.126095 Not released Flower Mound 0.4497 0.3227 0.127 Not released Fort Worth ** 0.855 0.7109 0.1441 Not released Grapevine 0.35 0.13643 0.21357 99% Haslet 0.286284 0.229525 0.056759 Not released Hurst 0.578 0.4452843 0.1327157 97% Keller 0.44219 0.31219 0.13 99.10% Roanoake 0.37521 Not released Not released 99% Southlake 0.462 0.332 0.13 97% Trophy Club 0.535 0.41533 0.11967 100% Median 0.462 0.32735 0.13 98% Mean 0.489575154 0.367303275 0.131503642 98% Min 0.286284 0.13643 0.056759 97% Max 0.8551 0.71091 0.21357 100% ** Tax Rate for FY 2009 -2010 g t ip, • 's WA Debt Service I $1.5M /.215 1 0.215 0.215 LL "Stabilize" the General Fund $10/.143 0.143 0.143 Provide $$ for Infrastructure $1M /.143 0.143 0.143 a Fund Eco /Devo $70k /.O1 Fund Parks & Trails $250k/.036 0.036 Fund Streets $750k/.107 0.107 0.107 FM 1938 Streetscape (Cash funded) $250k/.036 0.036 's WA Debt Service I $1.5M /.215 1 0.215 0.215 GENERAL FUND Stagecoach Hills Street Reconstruction & Drainage 60,000 200,000 338,714 - 133,250 4,235,000 338,714 Mahotea Boone Reconstruction & Drainage 349,371 67,056 - 150,000 149,240 4,987,400 67,056 Aspen Lane Reconstruction and Drainage - 187,020 200,000 - - - 187,020 Dove Road Reconstruction & Drainage (Vaq - TB) 265,500 - - 45,000 55,000 495,000 495,000 Roanoke Road Reconstruction & Drainage (N of 170) - - 243,048 - - - 243,048 Roanoke Road Reconstruction & Drainage (170 -DC) - - - 307,008 $ 11;47'7,400: 307,008 Ottinger Road Reconstruction & Drainage (WLA - Limits) 1 $ 265,500 50,800 225,475 337,389 - 1 $ 200,0001 388,189 Sam School Road Reconstruction & Drainage - - 208,910 208,910 Streets Survey 100,000 - Flashing crosswalks - - 50,000 - 50,000 FM 1938 Streetscape /Wayfinding 250,000 200,000 480,000 200,000 300,000 1,430,000 Streets {Drainage ' $ $ 654,876 $ 781,762 1 $ 817,3891$ 765,918 1 $ 795,000 1 $ 3,714,945' Pearson (Aspen -Dove) 0.5 miles 60,000 200,000 60,960 - 133,250 4,235,000 200,000 Dove (FM 1938 - Glenwyck) 0.5 miles 349,371 - - 150,000 149,240 4,987,400 150,000 Ottinger (WA- Dove) 0.5 miles - - 200,000 - - - 200,000 Park Improvements 265,500 45,720 25,975 45,000 55,000 200,000 371,695 Ottinger (WA - Cemetery) 0.25 miles - - - - 150,000 - 150,000 Glenwyck Playground Equipment 50,000 � 1,494,230.. $ 2;523;00' 50,000 $ 11;47'7,400: 100,000 flarks/Trails 1 $ 265,500 $ 295,7701$ 225,475 1 $ 195,0001$ 255,000 1 $ 200,0001 $ 1,171,695 Water Well for Civic Campus 60,000 60,960 51,950 133,250 4,235,000 4,481,160 Westlake Academy - South Parking Area 349,371 - 132,080 114,290 149,240 4,987,400 - Westlake Academy - West Parking Improvements 20,000 112,212 91,440 446,770 927,420 2,255,000 112,212 Facilitieslimprovements $: 429,371 $ 112,212 $ $ $ $ $ 112,212 Unfunded Proiects Municipal Complex 60,960 51,950 133,250 4,235,000 4,481,160 Fire Station 132,080 114,290 149,240 4,987,400 5,383,010 Westlake Academy - New Clasroom Building 91,440 446,770 927,420 2,255,000 3,720,630 Westlake Academy- Cover Existing Walkway 259,750 - - - 259,750 FM 1938 Streetscape/Wayfinding 950,000 1,910,000 385,000 3,245,000 ToTAi GU PRojEa5 ,tGEmERAL FoNoy $ � 1,494,230.. $ 2;523;00' $ . 1,554;910 $ 11;47'7,400: $ 17,089,550. 8/19/2010 5:40 PM E CEMETERY FUND Cemetery Improvements 45,720 46,755 20,000 50,000 162,475 Fence 15,000 - - - 20,000 - 20,000 Interior circle Drive - 50,000 - - 50,000 Gazebo /Pavillion - 25,000 25,000 Flower garden /trail 10,000 10,000 Water /Electricity /Restroom 30,000 30,000 ' �z� � r� " a�?A�� f ND, s t o FLAKE ACADEMY FOUNDATION Westlake Academy - Temporary Classrooms (X3) 93,000 20,000 20,000 133,000 T0T*LWtSTLAK ,ACAiiEPAY.ftiU(ttDAT#i3isi -` :: `: ,' $ 93i " ; Z ti` , 3f},t?D[►> ,$ $ 3 tN1(� ! UTILITY FUND TRA Assumption of NI Sewer Line 60,000 127,000 127,000 N -1 Sewer Line Transfer I & I Study /Repairs - 121,920 - - 336,636 - 121,920 Stagecoach Hills waterline connection 300,000 - 311,700 - - - 311,700 Ground Stg tank ($1,558,500) (approx $185K/10 yr) - - 185,000 185,000 185,000 185,000 740,000 '.'36P,60 T- -7, , 920- '�<7', 6,7{ifl: -,,�` �85� `�'.. A85iiiiU �t, CONTRIBUTIONS/GRANTS E E Deloitte Trail Connection Project (Circle T) 450,000 450,000 love Road Reconstruction & Drainage (Circle T) - - - - 336,636 - 336,636 Ottinger /Dove Intersection (Circle T) 25,000 300,000 300,000 - 625,000 FM 1938 Streetscape (Vaquero /Fidelity) - ' " - - 125,000 125,000 250,000 FM 1938 Streetscape /Wayfinding Project EFM 1938 Streetscape JWayfinding (GF CASH) 320,000 250,000 250,000 250,000 1,070,000 FM 1938 Streetscape /Wayfinding (GO BOND) E 8119/2010 5:40 PM - 700,000 1,710,000 625,000 3,035,000 FM 1938 Streetscape (Vaquero /Fidelity} - - 125,000 125,000 250,000 T#?TAL,FM 1938'5T12Ef3SCI # tS/WA1* NDiN6 - ' " 32(3,0#6 1 9S0,9p0 � a* �'� fl� � �� .1,to0 : 8119/2010 5:40 PM Includes Major Maintenance and Vehicle & Equipment Replacement (except for Ambulance, Apparatus (remount Ambulance), and Fire Pumper Truck. Only external funded capital and Utility Fund Capital projects are included. 41 'Ec1�rtomic Mvellop rtent f t�i't# ' R$Trtit iris it e6 t #tom gr ani ri s} $ 1,068,034 $ 1,266,324 $ 1,553,247 $ 239,007 $ (101,199) $ 42 Beginning Fund Balance 55 Revenues 870,000 812,500 625,000 625,000 625,000 625,000 43 Revenues $ 250,000 $ 375,000 $ $ $ - $ 44 Transfers In from GF (480,103) 35,758 35,758 35,758 35,758 35,758 35,758 45 Expendures (116,330) (285,758) (410,758) (35,758) (35,758) (35,758) (35,758) 46 Ending Balance (projected) $ - $ - $ - $ $ $ 61 Transfer Out - General Major Maintenance Fund (23,000) (41,274) (33,248) 48 Bsginrijrig ut1d �ta�ce .! (16,500) (61,752) 62 Transfer Out - General Fund (50,000) - (1,126,859) 47 Beginning Fund Balance $ 297,308 $ 267,577 $ 237,846 $ 208,115 $ 178,384 $ 148,653 43 Revenues 870,000 812,500 625,000 625,000 625,000 625,000 49 Interest 375 - - - - - 5o Transfer Out - Debt Service Fund (900,106) (842,231) (654,731) (654,731) (654,731) (654,731) 51 Ending Balance (projected) $ 267,577 $ 237,846 $ 208,115 $ 178,384 $ 148,653 $ 118,922 52 (Balance sheet accounts due to /from - receive $29,731 through 2019) All funds received are being transferred to Debt Service 53 Pr Ut tfiy'iax 401difohfu*f*11art 54 Beginning Fund Balance $ 1,068,034 $ 1,266,324 $ 1,553,247 $ 239,007 $ (101,199) $ (469,052) 55 Revenues 870,000 812,500 625,000 625,000 625,000 625,000 56 Interest 5,800 5,800 662,803 661,605 663,953 662,823 57 Transfer Out- Debt Service Fund (420,368) (480,103) (662,803) (661,605) (663,953) (662,823) 56 Transfer Out - Vehicle & Equipment Replacement (89,336) (10,000) (116,330) (239,007) (312,400) (40,500) 59 Transfer Out - FM 1938 (1,256) $ - $ - $ - $ $ - 60 Transfer Out - Capital Projects (93,550) 61 Transfer Out - General Major Maintenance Fund (23,000) (41,274) (33,248) (64,594) (16,500) (61,752) 62 Transfer Out - General Fund (50,000) - (1,126,859) 63 Ending Balance (projected) $ 1,266,324 $ 1,553,247 $ 239,007 $ (101,199) $ (469,052) $ (609,127) 64 Debt servfc4, and 65 Beginning Balance $ - $ - $ - $ - $ - $ - 66 Transfer In - 4B Economic Development Fund 900,106 842,231 654,731 654,731 654,731 654,731 67 Transfer In - Property Tax Reduction Fund 420,368 480,103 662,803 661,605 663,953 662,823 66 Transfer In - Visitors Assoc Fund $2.5 issue 179,276 180,944 182,416 183,692 179,722 180,852 69 Expenditures - Debt Service (1,499,750) (1,503,278) (1,499,950) (1,500,028) (1,498,406) (1,498,406) 70 Ending Balance (projected) $ - $ - $ - $ - $ $ - Page 42 08/16/2010 Includes Major Maintenance and Vehicle & Equipment Replacement (except for Ambulance, Apparatus (remount Ambulance), and Fire Pumper Truck. Only external funded capital and Utility Fund Capital projects are included. Utiii#y :iUni&{ tt r si► 89 Beginning Fund Balance $ 62,000 $ 71 Beginning Fund Balance $ 1,496,710 $ 1,290,356 $ 1,203,949 $ 877,931 $ 870,690 $ 871,078 72 Revenues 2,362,516 2,408,766 2,481,029 2,555,460 2,632,124 2,711,087 73 Impact Fees 40,000 18,000 18,540 19,096 19,669 20,259 74 Payroll, Benefits, and Related Expenditures (226,063) (227,292) (234,111) (241,134) (248,368) (255,819) 75 Expenditures (742,654) (742,893) (765,180) (788,135) (811,779) (836,133) 76 Water Purchases (1,051,600) (1,051,600) (1,083,148) (1,115,642) (1,149,112) (1,183,585) 77 Debt Service (Hillwood Infrastructure Pymt) (50,000) (108,000) (111,240) (114,577) (118,015) (121,555) 78 Debt Service (Keller Overhead Storage) (116,053) (116,468) (116,668) (118,212) (119,462) (118,949) 79 Debt Service (Ground Storage Tank/annual payments) - (185,000) (185,000) (185,000) (185,000) 80 Capital Projects (360,000) (248,920) (311,700) 81 Transfer Out - Utility Major Maintenance (annual contributi (22,500) 82 Transfer Out - General Fund (Impact Fees) (40,000) (18,000) (18,540) (19,096) (19,669) (20,259) 85 Net Fund Balance 1,290,356 1,203,949 877,931 870,690 871,078 881,124 86 Restricted Funds 135,000 135,000 135,000 135,000 135,000 135,000 87 Ending Fund Balance (projected) $ 1,155,356 $ 1,068,949 $ 742,931 $ 735,690 $ 736,078 $ 746,124 88 Operating Days 193 174 117 113 110 108 95 G°vfi+ <t1 1j1„iI"`Maiilt iK9h € - t3iC Utility Major Maintenance Futrrd 102 Beginning Fund Balance $ 50,000 $ 65,050 $ 65,050 $ 65,050 $ 65,050 $ 65,050 103 Interest Income 50 104 Transfer in - Utility Fund (annual contritbution) 22,500 - - - - - 105 Expenses (7,500) - - - - - 100 Ending Fund Balance (projected) $ 65,050 $ 65,050 $ 65,050 $ 65,050 $ 65,050 $ 65,050 Page 43 08/1612010 89 Beginning Fund Balance $ 62,000 $ 72,210 $ 422 $ - $ - $ - 90 Revenue 50 91 Transfer In - General Fund 5,000 - - - - - 92 Transfer In - Property Tax Reduction Fund 89,336 10,000 116,330 239,007 312,400 40,500 93 Expenditures (84,176) (81,788) (116,752) (239,007) (312,400) (40,500) 94 Ending Balance (projected) $ 72,210 $ 422 $ - $ - $ - $ 95 G°vfi+ <t1 1j1„iI"`Maiilt iK9h € - t3iC Utility Major Maintenance Futrrd 102 Beginning Fund Balance $ 50,000 $ 65,050 $ 65,050 $ 65,050 $ 65,050 $ 65,050 103 Interest Income 50 104 Transfer in - Utility Fund (annual contritbution) 22,500 - - - - - 105 Expenses (7,500) - - - - - 100 Ending Fund Balance (projected) $ 65,050 $ 65,050 $ 65,050 $ 65,050 $ 65,050 $ 65,050 Page 43 08/1612010 Includes Major Maintenance and Vehicle & Equipment Replacement (except for Ambulance, Apparatus (remount Ambulance), and Fire Pumper Truck. Only external funded capital and Utility Fund Capital projects are included. ��rr> e�far :i�u�it't�acfFi#y±Oc�rr�a�its�, 107 Beginning Fund Balance $ 13,569 $ 13,669 $ 13,769 $ 14,044 $ 14,325 $ 14,612 108 Interest Income 100 100 275 281 287 292 109 Ending Fund Balance (projected) $ 13,669 $ 13,769 $ 14,044 $ 14,325 $ 14,612 $ 14,904 cap(#al c► # Fur s 110 Beginning Fund Balance $ 230,391 $ 230,391 $ 230,391 $ 230,391 $ 230,391 $ 230,391 111 Interest Income 400 112 Contributions 20,950 425,000 300,000 425,000 461,636 - 111 Transfers in - General Fund 600 - - - - - 112 Transfers In- Property Tax Reduction Fund 93,550 113 Transfers In - Visitors Association Fund 100,000 - 114 Expenditures (215,500) (425,000) (300,000) (425,000) (461,636) - 115 Net Ending Fund Balance (projected) 230,391 230,391 230,391 230,391 230,391 230,391 116 Restricted Funds 230,391 230,391 230,391 230,391 230,391 230,391 117 Ending Fund Balance (projected) $ (0) $ (0) $ (0) $ (0) $ (0) $ (0) 118 "fCi "## i7lC( ii1.' `'1,iT1$"dr3t1R�{YtiStili�t3',. ` $ ": 7 :36x :;647t' ;537 .':..,!tr9v3' 7,'1i -1: 119 Beginning Fund Balance $ 7,351,630 $ 7,665,830 $ 6,471,507 $ 4,493,165 $ 2,487,141 $ 319,032 120 Revenues/Transfers In 11,663,135 9,852,929 10,336,418 9,630,060 9,836,011 9,297,731 121 Expenditures /Transfers Out (11,348,935) (11,047,251) (12,314,761) (11,636,084) (12,004,120) (11,032,460) 122 Ending Fund Balance (projected) 7,665,830 6,471,507 4,493,165 2,487,141 319,032 (1,415,696) 123 Restricted Funds 559,931 563,191 563,191 563,191 563,191 563,191 124 Page 44 08/16/2010 Includes Major Maintenance and Vehicle & Equipment Replacement (except for Ambulance, Apparatus (remount Ambulance), and Fire Pumper Truck. Only external funded capital and Utility Fund Capital projects are included. General Ound ; $ 1,244,946 $ 938,309 $ 819,405 $ 700,890 $ 583,016 $ 471,087 1 Beginning Fund Balance $ 2,675,310 $ 3,316,014 $ 2,198,686 $ 2,016,518 $ 513,190 $ (1,137,738) 2 Sales Tax 1,490,000 1,250,000 1,250,000 1,250,000 1,250,000 1,250,000 3 Contribution from Academy 100,000 (241,962) (249,221) (256,697) (264,398) (272,330) 4 Revenues (Deloitte pymt 09 -10 $1,429,400) 3,195,244 1,640,765 1,689,988 1,740,688 1,792,908 1,846,695 5 Transfer In - Utility Fund (Fort Worth Impact Fees) 40,000 18,000 18,540 19,096 19,669 20,259 6 Transfer In - Property Tax Reduction Fund 50,000 - 1,126,859 - - - 7 Expenditures (2,138,925) (1,891,633) (1,948,382) (2,006,833) (2,067,038) (2,129,050) 6 Payroll, Benefits and Related Expenditures (1,974,824) (2,098,702) (2,161,663) (2,226,513) (2,293,308) (2,362,108) 9 Transfer Out - General Major Maint (Annual contr.) 675 717 (5,000) (5,000) (5,000) (5,000) 10 Transfer Out - Economic Development (35,758) (35,758) (35,758) (35,758) (35,758) (35,758) 11 Transfer Out - General Major Maintenance Fund - 40 Ending Balance (projected) $ (0) - (0) $ 12 Transfer Out - Vehicle /Equipment Replacement Fund (5,000) (0) (116,752) (239,007) (312,400) (40,500) 13 Transfer Out - WA (Parking lot for A &S Project) (79,432) - 14 Transfer Out - Capital Projects (600) - - - 15 Net Total 3,316,014 2,198,686 2,016,518 513,190 (1,137,738) (2,593,199) 16 Restricted Funds (Court restrictions) 194,540 197,800 197,800 197,800 197,800 197,800 17 Ending Balance (projected) $ 3,121,474 $ 2,000,886 $ 1,818,718 $ 315,390 $ (1,335,538) $ (2,790,999) 18 Operating Days 277 183 162 27 (112) (227) 19 20 Beginning Fund Balance $ 1,244,946 $ 938,309 $ 819,405 $ 700,890 $ 583,016 $ 471,087 21 Revenues 479,975 478,975 493,344 508,145 523,389 539,091 22 Payroll and Related Expenditures (183,856) (174,973) (180,222) (185,629) (191,198) (196,934) 23 Expenditures (323,480) (241,962) (249,221) (256,697) (264,398) (272,330) 24 Transfer Out - Debt Service Fund ($2.5 issue) (179,276) (180,944) (182,416) (183,692) (179,722) (180,852) 26 Transfer Out - Capital Projects (100,000) - - - - - 27 Net Total (projected) 938,309 819,405 700,890 583,016 471,087 360,061 28 Designated (Historical /Public Arts) - - - - - - 29 Ending Balance (projected) $ 938,309 $ 819,405 $ 700,890 $ 583,016 $ 471,087 $ 360,061 30 Operating Days 675 717 596 481 377 280 31 CialnetwY 1704d e-ntei priss Fund) 32 Beginning Fund Balance $ 163,356 $ 155,881 $ 148,743 $ 141,220 $ 133,295 $ 124,953 33 Revenues 16,875 17,213 17,557 17,908 18,266 18,631 34 Transfers In - - - - - - 35 Expenditures (24,350} (24,350) (25,081) (25,833) (26,608) (27,406) 36 Ending Balance (projected) $ 155,881 $ 148,743 $ 141,220 $ 133,295 $ 124,953 $ 116,178 FM 1936 Fund 37 Beginning Fund Balance $ 8 $ (0) $ (0) $ (0) $ (0) $ (0) 36 Transfers In 1,256 - - - - - 39 Expenditures (1,264) - - - - - 40 Ending Balance (projected) $ (0) $ (0) $ (0) $ (0) $ (0) $ (0) Page 41 08/16/2010 Municipality Fort Worth ** Proposed Tax Rates FY 2010 -2011 0.855 O &M 0.7109 I &S 0.1441 Collection Rate Not released Burleson 0.71 0.5478 0.1622 98% Hurst 0.578 0.4452843 0.1327157 97% Trophy Club 0.535 0.41533 0.11967 100% Bedford 0.491609 0.309075 0.182534 97% Euless 0.47 0.343905 0.126095 Not released Southlake 0.462 0.332 0.13 97% Flower Mound 0.4497 0.3227 0.127 Not released Keller 0.44219 0.31219 0.13 99.10% Roanoake 0.37521 Not released Not released 99% Colleyville 0.3559 0.29758 0.05832 98% Grapevine 0.35 0.13643 0.21357 99% Westlake 0.2874 TBD TBD 98% Haslet 0.286284 0.229525 0.056759 Not released Median 0.45585 0.32735 0.13 98% Mean 0.4749 0.366893275 0.131913642 98°% Min 0.2863 0.13643 0.056759 97% Max 0.855 0.7109 0.21357 100°% ** Tax Rate for FY 2009 -2010 MEN Mailing of notices of appraised value by chief appraiser. The chief appraiser prepares and certifies to the tax assessor - collector for each county, municipality April 30, 2010 and school district participating in the appraisal district an estimate of the taxable value. May 17, 2010 Deadline for submitting appraisal records to ARB.* Deadline for ARB to approve appraisal records. The board of directors of an appraisal district in a July 20; 2010 county with a population of at least one million may extend this deadline to August 31. July 26, 2010 Deadline for chief appraiser to certify rolls to taxing units.* Certification of anticipated collection rate by collector. Calculation of effective and rollback tax rates. Publication of effective and rollback tax rates, statement and schedules; submission to governing body. August 28, 2010 72 -hour notice for meeting (Open Meetings Notice). 1'e� , c t t August 30, X010 Meeting of governing body to discuss tax rate; if proposed tax rate will exceed the rollback rate or the _A effective tax rate (whichever is lower), take record vote and schedule public hearing. September 1, 2010 Notice of Public Hearing on Tax Increase is the first quarter -page notice in newspaper and on TV and Web site, if available, published at least seven days before public hearing. September 6, 2010 r, 72 -hour notice for public hearing (Open Meetings Notice). Public hearing. :2:01:0 72-hour notice for second public hearing (Open Meetings Notice). September 13, 2010 Second public hearing (may not be earlier than 3 days after first public hearing }; schedule and September 15 X410 announce meeting to adopt tax rate 3 -14 days from this date. September 22, 2010 Notice of Tax Revenue Increase published before meeting ** to adopt tax rate is the second quarter -page notice in newspaper before meeting and published on TV and Web site (if available, at least seven days before meeting). ! Sep ptember 27, 2010 72-hour notice for meeting at which governing body will adopt tax rate (Open Meetings Notice). Meeting to adopt tax rate. Meeting is 3 to 14 days after second public hearing. Taxing unit must adopt September 29 2410 tax rate by Sept. 29 or 60 days after receiving certified appraisal roll, whichever is later. *Tex. Tax Code Section 1.06 directs that if a date falls on a weekend, the deadline is extended to the following Monday. The deadline for submitting appraisal records is May 15, which in 2010 falls on a Saturday . The deadline to certify the tax rolls is July 25, which in 2010 falls on a Sunday. * *Advice of taxing unit legal counsel should be sought to determine which approach to take in notifying the public of the meeting at which the governing body will vote on the tax rate.