HomeMy WebLinkAboutAugust 7. 2008 Agenda
AGENDA
CITY OF DENTON CITY COUNCIL
August 7, 2008
After determining that a quorum is present, the City Council of the City of Denton, Texas will
8:30 a.m.
convene in a Special Called Work Session on Thursday, August 7, 2008 at in the
Council Work Session Room at City Hall, 215 E. McKinney, Denton, Texas at which the
following items will be considered:
1.Receive a report, hold a discussion and give staff direction on the 2008-09 Budget,
Capital Improvement Program, and Five-Year Financial Forecast.
2. Closed Session
A. Deliberations Regarding Certain Public Power Utilities: Competitive Matters –
Under Texas Government Code Section 551.086.
1. Receive competitive public power information from staff in the form of a
proposed operating budget for Denton Municipal Electric (“DME”) for the
upcoming fiscal year, including without limitation, revenues, expenses,
commodity volumes, and commitments, and the direction of DME; and
discuss, deliberate, consider adoption of the budget and other matters, and
provide staff with direction regarding such matters.
CERTIFICATE
I certify that the above notice of meeting was posted on the bulletin board at the City Hall of the
City of Denton, Texas, on the _________ day of ___________________, 2008 at _________
o’clock (a.m.) (p.m.)
____________________________________
CITY SECRETARY
NOTE: THE CITY OF DENTON CITY COUNCIL WORK SESSION ROOM IS
ACCESSIBLE IN ACCORDANCE WITH THE AMERICANS WITH DISABILITIES ACT.
THE CITY WILL PROVIDE SIGN LANGUAGE INTERPRETERS FOR THE HEARING
IMPAIRED IF REQUESTED AT LEAST 48 HOURS IN ADVANCE OF THE SCHEDULED
MEETING. PLEASE CALL THE CITY SECRETARY'S OFFICE AT 349-8309 OR USE
TELECOMMUNICATIONS DEVICES FOR THE DEAF (TDD) BY CALLING 1-800-
RELAY-TX SO THAT A SIGN LANGUAGE INTERPRETER CAN BE SCHEDULED
THROUGH THE CITY SECRETARY'S OFFICE.
AGENDA INFORMATION SHEET
AGENDA DATE:
August 7, 2008
DEPARTMENT:
Finance
ACM:
Jon Fortune
______________________________________________________________________________
SUBJECT
Receive a report, hold a discussion, and give staff direction on the 2008-09 Budget, Capital
Improvement Program, and Five-Year Financial Forecast.
BACKGROUND
st
The FY 2008-.
Attached is a PowerPoint presentation that summarizes the proposed budget that will be
presented to you during the Budget Work Session on August 7, 2008 at 8:30 a.m. in the Council
Work Session room. The information provided has been derived from a culmination of input
from the City Manager, Audit/Finance Committee, Public Utilities Board, service level demands,
department requests, and miscellaneous economic assumptions. The presentation includes
summary information concerning the following items:
FY 2007-08 year-end revenue and expenditure estimates
Proposed FY 2008-09 tax rate
Proposed FY 2008-09 Budget (including service enhancements)
Proposed FY 2009-13 General Fund financial forecast
Proposed FY 2009-13 planned capital improvement bond program
Proposed FY 2008-09 Utility Budgets and rates
A copy of the long term financial plans for each of the utility funds has been included for the
review of the City Council. Each of these plans has been reviewed and recommended forward
for approval by the Public Utilities Board (PUB). The Electric Fund financial forecast has been
provided to you under separate cover. Due to the confidential nature of this information, it may
be necessary to enter a closed session discussion with the City Council should you wish to
discuss it in detail.
The purpose of this agenda item is to provide the City Council with detailed information
concerning the proposed budget and allow the opportunity for questions. Below is the schedule
we will follow to adopt the budget and tax rate:
August 19 Vote to Consider a Proposal for a Tax Increase prior to publishing
Notice of Hearing
Agenda Information Sheet
August 7, 2008
Page 2
st
September 9 Public Hearing on Budget and Tax rate (1 Hearing)
September 16 Second Public Hearing on Tax rate
September 23 City Council Adopts Budgets and Tax rate
I look forward to discussing the preliminary budget in detail with you. If you have any
questions, or need additional information, please let me know.
EXHIBITS
1. Power Point Presentation 2008-09 Budget and Financial Forecast
2. Summary of City Manager recommendations for Supplemental Funding Requests
3. Electric Fund Financial Forecast (provided under separate cover)
4. Water Fund Financial Forecast
5. Wastewater Fund Financial Forecast
6. Drainage Financial Forecast (Component of Wastewater Fund)
7. Solid Waste Fund Financial Forecast
Respectfully Submitted By:
Bryan Langley
Director of Finance
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