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2022-037 DCAD 2023 Proposed BudgetDate: June 17, 2022 Report No. 2022-037 INFORMAL STAFF REPORT TO MAYOR AND CITY COUNCIL SUBJECT: Denton County Appraisal District (DCAD) 2023 Proposed Budget BACKGROUND: The Finance Department has received the 2023 Denton Central Appraisal District (DCAD) Proposed Budget. A copy is attached for your review. There will be a public hearing on the proposed budget on June 23, 2022, at 3 pm at 3901 Morse Street Denton, TX. 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.” The total 2023 DCAD proposed budget is $17,997,944.33, an increase of $2,673,650.52 from last year’s budget of $15,324,293.81. The City of Denton’s proposed 2023 allocation is $538,368.11. If the City Council wishes to disapprove the budget, the DCAD must receive a resolution by July 23, 2022. STAFF CONTACT: Nick Vincent, Assistant Director of Finance (940) 349-8063 Nicholas.vincent@cityofdenton.com REQUESTOR: Staff initiated PARTICIPATING DEPARTMENTS: Finance Department STAFF TIME TO COMPLETE REPORT: 0.5 hours