FY 2013 Operating Budget.pdf - Missouri City, TX - Official Website

=============================== FY 2013 ANNUAL BUDGET =================================
thereby enhancing the resulting tax base and reducing development costs. The proposed cost for this study is
$140,000.
The Cangelosi Ditch Watershed has experienced growth that is triggering the need for Phase 2 of the regional
drainage improvements identified in the 1997 watershed master drainage plan. These improvements consist of
an earthen berm around the perimeter of the regional detention facility to provide additional detention storage
volume. The design standard for the Phase 2 improvements is to prevent structure flooding in the 100-year
storm event. Engineering design and construction for Phase 2 improvements is estimated at $950,000.
General Fund Summary:
General Fund
Comparison of Budget for FY 2013
FY 2010
(Actual)
FY 2011
(Actual)
FY 2012
Original
Budget
FY 2012
Amended
Budget*
FY 2012
Estimated
Actual
FY 2013
Proposed
Budget
Beginning of Year Fund Balance $7,642,014 $8,357,449 $7,961,745 $9,065,729 $9,065,729 $8,480,307
Revenues 30,638,129 29,047,287 29,678,115 29,860,280 29.860.280 30.238.534
Other Financing Sources 1,708,299 1,908,704 1,180,906 1,180,906 1,180906 1,180,906
Expenditures – Base Budget
(31,083,917) (30,086,609) (30,895,112) (32,627,013) (31,626,608) (31,652,653)
Other Financing Uses (335,507) (157,129) (183,117) (183,117) -- --
Contingency (211,577) (3,973) (1,054,685) (1,054,685) -- (1,649,012)
Total Expenditures
(31,631,001) (31,631,004) (32,132,914) (33,540,435) (31,626,608) (33,301,665)
End of Year Fund Balance $8,357,449 $9,065,729 $6,687,852 $6,384,315 $8,480,307 $6,598,082
Percentage of Fund Balance to
Budgeted Revenues
*As amended and including encumbrances.
25.84% 29.29% 21.67% 20.69% 27.32% 21.00%
Overall, the total General Fund Budget for FY 2013 for all expenditures and appropriations, including base
budget, supplemental, capital and contingency decreased $230,261, or 0.7 %, of the original total budgeted
expenditures for FY 2012.
While some expenditure line items have slight increases or decreases, the largest increase was $233,250 in
Commodities for Fuel, Oil & Lubricants. We expect fuel prices to remain relatively at their current prices which
is materially higher than what was projected in the FY2012 Budget.
Like expenditures, budgeted revenues for the General Fund for FY 2013 are budgeted very conservatively over
FY 2012 with an overall 0.7 % increase. Ad Valorem taxes (property taxes) are projected to be $120,000 more
in FY 2013 from the prior year’s adopted budget. This increase is due to a slight increase in taxable values and
not to a tax rate increase for maintenance and operations
Franchise fees are projected to be up $376,000 from the prior year due mainly from the “new” Solid Waste
Franchise Fee on residential and commercial users. Sales tax is budgeted to be up $500,000 due to improved
monthly trends in collections, license and permit revenues remain constant, and fines and forfeitures are
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