2020-004 - DCAD 2020 Adopted BudgetDate: January 17, 2020
INFORMAL STAFF REPORT
TO MAYOR AND CITY COUNCIL
SUBJECT:
Denton Central Appraisal District (DCAD) 2020 Adopted Budget
BACKGROUND:
The Finance Department has received the 2020 Denton Central Appraisal District (DCAD)
Adopted Budget (attached). A summary of the adopted budget is attached for your review.
The approval process for the appraisal district budget is to give notice to all taxing jurisdictions
of the date of the hearing and vote by the appraisal district to approve their budget. Under State
Law “If approved by the appraisal district board of directors at the public hearing, this proposed
budget will take effect automatically unless disapproved by a majority of the governing bodies of
the county, school districts, cities, and towns served by the appraisal district.” DCAD has
adopted a budget increase of $1,177,725.42 or 9.03% from the prior year. The adopted budget of
$14,219,668.57 includes $500,000 in the use of reserves to minimize allocation increases.
Please let me know if you have detailed questions regarding the 2020 Adopted DCAD budget.
REQUESTOR:
Staff initiated to provide detail regarding the 2020 DCAD Adopted Budget
PARTICIPATING DEPARTMENTS:
Finance
STAFF TIME TO COMPLETE REPORT: The estimated amount of cumulative staff time to
complete the report is .5 hour.
STAFF CONTACT:
Nick Vincent
Assistant Director of Finance
(940) 349-8063
nicholas.vincent@cityofdenton.com