2018-053 DCAD 2019 Proposed BudgetDate: May 11, 2018 Report No. 2018-053
INFORMAL STAFF REPORT
TO MAYOR AND CITY COUNCIL
SUBJECT:
Denton Central Appraisal District 2019 Proposed Budget
BACKGROUND:
The Finance Department has received the 2019 Denton Central Appraisal District (DCAD)
Proposed Budget (attached) that includes a memo from Rudy Durham, Chief Appraiser. A
summary of the proposed budget and public hearing notice for May 24, 2018 are also attached.
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 proposed a budget increase of $846,421.40 or 6.94% from the prior year. The proposed budget of
$13,041,943.15 includes the use of fund balance to partially offset increases to the taxing
jurisdictions which will pay an additional $1,270,438.31 or 11.3.0% from the prior year.
Since the DCAD budget will take effect automatically, no action by City Council is necessary. Please let me know of any questions or any desire for disapproval of the DCAD budget by City
Council. If there is a desire for disapproval of the DCAD budget, please let me know no later
than May 16, 2018 so that staff is able to put this on the City Council’s May 22, 2018 agenda.
ATTACHMENT(S):
1. Memorandum, Notice of Public Hearing, and proposed 2019 DCAD budget
2. DCAD Annual Financial Report for the period ended December 31, 2017.
STAFF CONTACT:
Antonio Puente, Jr.
Director of Finance
(940) 349-7283
Antonio.Puente@cityofdenton.com