HomeMy WebLinkAboutAugust 6, 2009 Agenda
AGENDA
CITY OF DENTON CITY COUNCIL
August 6, 2009
After determining that a quorum is present, the City Council of the City of Denton, Texas will
9:00 a.m.
convene in a Special Called Work Session on Thursday, August 6, 2009 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 2009-10 City
Manager’s Proposed 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 ___________________, 2009 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 6, 2009
DEPARTMENT:
Finance
ACM:
Jon Fortune
______________________________________________________________________________
SUBJECT
Receive a report, hold a discussion, and give staff direction on the 2009-10 Proposed Budget,
Capital Improvement Program, and Five-Year Financial Forecast.
BACKGROUND
st
The FY 2009-10 .
Attached is a PowerPoint presentation that summarizes the proposed budget. The information
provided has been derived from a culmination of input from the City Manager, City Council,
Public Utilities Board, service level demands, department requests, and miscellaneous economic
assumptions. The presentation includes summary information concerning the following items:
FY 2008-09 year-end revenue and expenditure estimates
Proposed FY 2009-10 tax rate
Proposed FY 2009-10 Budget
Proposed FY 2009-14 financial forecast for the major operating funds
Proposed FY 2009-14 planned capital improvement program
Proposed FY 2009-10 Utility Budgets and proposed rates
A copy of the long term financial plans for each major operating fund has been included in the
proposed budget document. Each of the utility fund plans have been reviewed and
recommended for approval by the Public Utilities Board (PUB). The Electric Fund long term
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.
I have also attached for your reference a summary of the supplemental funding requests
submitted for the General Fund. The summary indicates the packages that were requested by
departments and those that have been recommended for approval by the City Manager. For the
recommendations that are being proposed out of funds other than the General Fund, a footnote
and legend has been provided to indicate the specific funding source for these items.
In addition, a summary of the reduction options proposed by the City Manager is included for
your review. The reduction option summary provides you with a list of the reductions submitted
by departments and those recommended by the City Manager. The summary also indicates the
Agenda Information Sheet
August 6, 2009
Page 2
reduction amounts that would be necessary to achieve a 1%, 2%, 3%, 4%, or 5% reduction from
the base level budget. Revenue enhancements are also indicated for your review.
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 18 Vote to Consider a Proposal for a Tax Increase prior to publishing
Notice of Hearing (if necessary)
September 1 Budget Work Session
st
September 8 1 Public Hearing on Tax rate (if necessary)
nd
September 15 2 Public Hearing on Tax rate (if necessary) and Public Hearing
on Proposed Budget
September 22 City Council Adopts Budget and Tax rate
I look forward to discussing the -10 Proposed Budget in detail with you.
If you have any questions, or need additional information, please let me know.
EXHIBITS
1.Power Point Presentation 2009-10 Proposed Budget and Financial Forecast
2.Summary of City Manager Recommendations for Supplemental Funding Requests
3.Summary of City Manager Recommendations for reductions
Respectfully Submitted By:
Bryan Langley
Director of Finance
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