Min - City Council - 1998 - 06/02 - WorkshopPresent:
Stephen Terrell, Mayor
Councilmembers:
Lonnie Thomas
David Kerr, Mayor Pro Tem
Doug Gallagher (absent)
Susan Banlemay (absent)
Kenneth Fulk (absent)
Melissa Owen
City Staff:
Michael Stanger, Acting City Manager
�u Linda Vaughan, Finance Director
Call to Order and Amounce a Ouorum is Present (Agenda Item I)
Willi a quorum of the Councilmembers present, the Budget Workshop Session of the Allen City
Council was called to order by Mayor Terrell at 7:15 p.m. on Tuesday, lune 2, 1998, in the Council Chambers
of the Allen Public Library, Two Allen Civic Drive, Allen, Texas.
Acting City Manager Michael Stanger gave an overview of the development of the FY 1998-99 budget
and the budget process. Each department prepares their own budget(s). The Acting City Manager then
reviews the budgets with the department director and revisions are made. The proposed budget is then
presented to the City Council.
FY 1998-99 Budeet Workshop
(Agenda Item 11)
Acting City Manager Michael Stanger reviewed with the Council the major assumptions used in
preparing the budget for the fiscal year of 1998-99 The major assumptions reviewed with the Council were:
• Assessed value based on CAD preliminary AN = $1,788,200,000; 15 % growth
• Tax rate steady = $.58058
• Sales taxes up 10%, plus $225K for Home Depot (partial year)
• 5 % overall increase in existing salaries (not across the board)
• 20% health insurance increase
Acting City Manager Michael Stanger reviewed the executive limitations of the City Manager. He
also reviewed revenue and expenditures from the General Fund and a comparative analysis of revenue
categories including property taxes, sales tax, franchise taxes, permits and licenses, fines and forfeitures, other
revenues and operating transfers, providing a three-year projection. Mr. Stanger provided a calculation of tax
revenues available for the General Fund An overall revenue increase of 8.7% is expected next year. Council
ALLEN CITY COUNCIL
BUDGET WORKSHOP
JUNE 2, 1998 - 7:00 P.M.
ALLEN PUBLIC LIBRARY
COUNCIL CHAMBERS
Present:
Stephen Terrell, Mayor
Councilmembers:
Lonnie Thomas
David Kerr, Mayor Pro Tem
Doug Gallagher (absent)
Susan Banlemay (absent)
Kenneth Fulk (absent)
Melissa Owen
City Staff:
Michael Stanger, Acting City Manager
�u Linda Vaughan, Finance Director
Call to Order and Amounce a Ouorum is Present (Agenda Item I)
Willi a quorum of the Councilmembers present, the Budget Workshop Session of the Allen City
Council was called to order by Mayor Terrell at 7:15 p.m. on Tuesday, lune 2, 1998, in the Council Chambers
of the Allen Public Library, Two Allen Civic Drive, Allen, Texas.
Acting City Manager Michael Stanger gave an overview of the development of the FY 1998-99 budget
and the budget process. Each department prepares their own budget(s). The Acting City Manager then
reviews the budgets with the department director and revisions are made. The proposed budget is then
presented to the City Council.
FY 1998-99 Budeet Workshop
(Agenda Item 11)
Acting City Manager Michael Stanger reviewed with the Council the major assumptions used in
preparing the budget for the fiscal year of 1998-99 The major assumptions reviewed with the Council were:
• Assessed value based on CAD preliminary AN = $1,788,200,000; 15 % growth
• Tax rate steady = $.58058
• Sales taxes up 10%, plus $225K for Home Depot (partial year)
• 5 % overall increase in existing salaries (not across the board)
• 20% health insurance increase
Acting City Manager Michael Stanger reviewed the executive limitations of the City Manager. He
also reviewed revenue and expenditures from the General Fund and a comparative analysis of revenue
categories including property taxes, sales tax, franchise taxes, permits and licenses, fines and forfeitures, other
revenues and operating transfers, providing a three-year projection. Mr. Stanger provided a calculation of tax
revenues available for the General Fund An overall revenue increase of 8.7% is expected next year. Council
BUDGET WORKSHOP MINUTES
JUNE 2, 1998
PAGE 2
was provided an update on policies designating the accumulation of General Fund reserves and regulating those
reserves.
Acting City Manager Michael Stanger reviewed the General Obligation debt service requirements, the
fund balance and the projects proposed for the 1999 bond sale.
The Water and Sewer Fund revenue and expense figures were reviewed. The revenues are running
18% over expenditures in revised budget FY 98 and 16% over base budget in FY 99. The results of the Water
and Sewer rate study are due July 31, 1998, with recommendations expected for Council action in August
1998.
Items of Interest to the Council (Agenda Item III)
There were no items of interest.
Adjourn (Agenda Item IV)
The Budget Workshop was adjourned at 8:17 p in. on Tuesday, June 2, 1998.
These minutes approved on the 18th of June, 1998.
APPROVED:
ATTEST:
u
JiMy Ma son, CMC, CITY SECRETARY
0
Stephen Terrell, MAYOR