HomeMy WebLinkAboutCouncil Presentation 07/21/2020-Public Hearing FY 2020-2021 Final BudgetPublic Hearing
Fiscal Year
2020-2021 Final
Budget
July 21, 2020
FY2021 BUDGET TIMELINE
BUDGET BRIEFING
January –Presented preliminary revenue outlook for FY2021 and
solicited Council and public feedback
March –Presented initial 5 year Capital Improvement Plan for
consideration and feedback
May –Presented update to revenue outlook for FY2021
May –Presented Manager’s recommended operating budget for
consideration and additional feedback and revised 5-year Capital
Improvement Plan
June –Presented and adopted Tentative Budget during public
hearing which set overall expenditure limitation for Town
July –Adoption of Final Budget for Fiscal Year 2020-2021
2
BUDGET BRIEFING
FY2021 FINAL BUDGET
2020
Adopted
2021
Final
Dollar
Change
Percentage
ChangePrimary Entity
General Fund $51,751,547 $54,116,449 $2,364,902 4.6%
Special Revenue Funds 10,935,733 15,181,378 4,245,645 38.8%
Capital Projects Funds 22,252,106 28,893,943 6,641,837 29.8%
Debt Service Funds 5,933,359 5,917,415 -15,944 -0.3%
Enterprise Funds 39,915,310 29,786,160 -10,129,150 -25.4%
Internal Service Funds 5,049,200 4,711,332 -337,868 -6.7%
Primary entity 135,837,255 138,606,677 2,769,422 2.0%
Component Units
Special Districts 7,943,540 10,652,588 2,709,048 34.1%
Total $143,780,795 $149,259,265 $5,478,470 3.8%
3
BUDGET BRIEFING
FY2021 BUDGET SUMMARY
Sales Tax,
$31.5, 29%
Intergovernmental,
$30.4, 28%
Licenses,
Permits &
Fees, $11.2,
10%
Charges for
Services,
$8.4, 8%
Other,
$11.4, 11%
Bonds/loan,
$15.4, 14%
Where the Money Comes From
$108.3 Million
Operating, $81.9,
55%
Capital Outlay, $55.0,
37%Debt Service,
$12.4, 8%
Expenditure by Category
$149.3 Million
4
BUDGET BRIEFING
FY2021 FINAL BUDGET CHANGES
Reallocation of $28,100 of expenditure appropriation from
dissolved Vanderbilt CFD to restricted account in the
General Fund.
Reallocation of $477,000 for prior year project carry over
For the Pines Stabilization Project -ST079
•$377,800 in the General Fund and
•$99,200 in the HURF Fund.
From Transportation Fund projects:
•Barnett Channel Tangerine Farms Conarch –ST072 [$450,000]
•Continental Ranch Blk 29-36-38, 40 –ST077 [$27,000]
5
BUDGET BRIEFING
SUMMARY
Established the overall expenditure limitation for FY2021 at
$149.3 million
Budget reflects the careful allocation of available resources
Maintains services to residents
Invests in key areas
Provides flexibility
6
THANK YOU
7