...Title
Conduct a public hearing on the FY25 Proposed Budget.
...Summary
The City of Pflugerville City Charter and Local Government Code (§102.0065) require that a public hearing be held on the proposed fiscal year budget before it is adopted. The attached notice regarding the public hearing was published on the City website (www.pflugervilletx.gov) beginning August 15, 2024 and will continue until the adoption of the budget. The notice was also published in the Pflugerville Pflag on August 14, 2024.
Copies of the FY25 proposed budget are available for public inspection on the City's website at https://www.pflugervilletx.gov/budget.
The proposed budget was published on August 14, 2024, for public inspection as required by Texas Local Government Code 102.005.
Based on the certified property values received from the Travis and Williamson Central Appraisal Districts, the Travis County Tax Office has calculated the Voter Approval Rate at $0.5428/$100 valuation and the No New Revenue rate at $0.5259/$100 valuation. The FY25 budget proposed for adoption includes a rate of $0.5428/$100 valuation. A public hearing on the tax rate will be held on September 24, 2024.
All required notices have been published. The required public hearing must be conducted prior to the adoption of the budget scheduled for September 24, 2024.
The FY25 Proposed Budget was presented to the Finance and Budget Committee on August 21, 2024.
Total General Fund revenue is balanced total proposed expenditures. One-time purchases for Capital Outlay items total $3.1 million. The one-time purchases will be funded from Fund Balance. Per the City Charter and Finance Policy a minimum of 25% Fund Balance is required. During budget strategy sessions, budget assumptions were set at a target fund balance for the General Fund at 35%. Funding a portion of the proposed capital outlay maintains the fund balance at 36% exceeding 35% target to build capacity for new municipal facilities and operations.
Note the final budget document will reflect the following updates:
1. Medical premium costs lowered from 15% to 5% increase. Difference applied to Parks field maintenance contracts for 1849 Park.
2. Removal of 1.5 positions and replaced with Janitorial contract.
3. General Fund CIP fund increased revenue of $1 million, contribution from PCDC for city projects.
4. General Fund transfer to General Fund CIP fund of $1 million to cash support capital projects.
5. Water and Wastewater Fund increased sludge disposal by $275,000.
Prior City Council Action
FY25 Proposed Budget presented August 13,2024
Deadline for City Council Action
Action is required on first and final reading to adopt the budget on September 24, 2024.
Legal Review Required: N/A _X_ Required __ Date Completed:
Supporting documents attached:
Public Hearing notice
Recommended Action
Conduct the public hearing.