Title
Consider an ordinance adopting the FY 2018-2019 Annual Budget for the City of Round Rock. (Second Reading)
Body
The City Manager’s proposed budget as presented at the July 26, 2018 Budget Workshop totals $356,850,415. The totals by fund are presented below:
General Fund $126,552,138
General Capital Projects & Equipment Fund 43,504,105
Debt Service Fund 21,583,071
Utility Fund 83,768,067
Drainage Fund 9,174,967
Hotel Occupancy Tax Fund 7,269,521
Sports Center Fund 2,293,284
Type B Fund 55,464,854
Special Revenue Funds 7,240,408
Total FY 2018 Annual Budget $356,850,415
The City Council gave direction for FY 2018/2019 proposed Annual Budget at their annual strategic planning retreats in December 2017, January and February 2018.
The resulting proposed Annual Budget was reviewed by the City Council at a Budget Workshop on July 26, 2018.The items presented in this proposed budget address Council’s Strategic Goals for FY 2019 and are summarized on Attachment 1 - FY2018 Proposed Budget - Highlights.
Exhibit A of the FY 2018/2019 Budget ordinance includes a summary of the revenues and expenses for all of the funds for the City of Round Rock.
The Round Rock Transportation and Economic Development Corporation approved the Type B Fund budget at their July 26, 2018 board meeting. This city-wide budget includes the Type B Fund and this ordinance is also formal approval of that budget.
The complete proposed FY 2018/2019 Annual Budget workbook can be found on the City of Round Rock’s website. A hard copy is available for review in the Robert G. and Helen Griffith Public Library located at 216 E. Main Street.
A public hearing and first reading of the ordinance regarding the FY 2019 Annual Budget are being held tonight. The second reading of the ordinance will be on September 13, 2018.