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HomeMy WebLinkAboutBudget presentation 1 2 FISCAL YEAR 2013-2014 PROPOSED BUDGET $31.7 MILLION The FY 13-14 budgeted expenditures amount •totals $31,762,960 for all funds Fund Balance shows a reduction of $10.4M due primarily to •Capital Projects fund $8.9M •Enterprise Fund Projects $1.2M This represents a 41% fund balance decrease •Spending a portion of $9.5M bond money received in FY 12/13 Town Council Budget Presentation – 09/16/13  3 AD VALOREM TAX RATE Town Council Budget Presentation - 09/16/13 FY 10/11 Actual FY 11/12 Actual FY 12/13 Estimated FY 13/14 Proposed Total Appraised Value $1,025,535,296 $1,090,892,532 $1,213,602,021 $1,233,405,814 Net Taxable Value $880,169,946 $913,119,313 $864,452,946 $856,728,618 Property Tax Revenue $1,257,246 $1,442,069 $1,355,808 $1,343,693 Estimated Appraised Value to increase 1.63% Residential/commercial growth offset by homestead exemptions and abatement Tax Rate Remains the same (.15684) as FY 12/13 rate.  4 PROJECT AMOUNT PROJECT DESCRIPTION $15,000 Trail Connection at Hwy 114/Solana $200,000 WA West Parking Improvements $99,000 Outdoor Warning System $7,795,950 Westlake Academy Expansion $1,133,544 FM1938 Streetscaping $390,940 SH114/Hwy170 Enhancements $9,634,434 TOTAL CAPITAL PROJECT FUNDS $82,967 TRA Assumption of N1 Sewer Line $1,438,913 Ground Storage Tank Project $1,532,079 TOTAL UTILITY FUND PROJECTS $11,156,314 TOTAL FUNDED PROJECTS Town Council Budget Presentation - 09/16/13 Fiscal Year 2013/2014 FUNDED CIP S UMMARY  5 QUESTIONS Town Council Budget Presentation - 09/16/13