The City of Kyle has scheduled the first public hearing on the proposed FY 2019 – 2020 budget is scheduled for Wednesday, August 14 at 7:00 PM. In a special Kyle City Council meeting held on July 27, 2019, City Manager, J. Scott Sellers, presented the city’s proposed budget for fiscal year 2019-2020 to the City Council for their review and consideration.
See full budget schedule and agenda below.
Article VIII, Sec. 8.05 of the Kyle City Charter requires the for the timely preparation and presentation of the budget and to present the recommended budget to the City Council no later than sixty (60) days prior to October 1st of each fiscal year.
The proposed budget for fiscal year 2019-2020 for all city expenditures totals approximately $87.1 million and is a complete financial plan for all City funds, programs, services, operations, and capital improvement program (CIP) activities for the period covering October 1, 2019 through September 30, 2020.
The city’s proposed budget includes a total ad valorem tax rate of $0.5416 per $100 assessed taxable valuation, a 10.0% increase in water utility service rates, no increase in wastewater utility service rates, no increase in storm drainage utility fees, a 4.03% increase in solid waste service (trash collection) charges per contract terms, limited changes in other fees and charges, and the proposed addition of fifteen (15) new full-time positions for a total of 259 full-time equivalent.
Of the total $87.1 million proposed budget, the City’s General Fund budget for fiscal year 2019-2020 totals approximately $26.5 million for operations and maintenance and approximately $4.9 million in one-time transfers from the fund balance to pay for major capital improvement projects instead of issuing bond debt.
A general summary of the City’s proposed budget for fiscal year 2019-2020 for all City Funds including debt service is provided below:
FOR ALL CITY FUNDS
- Estimated Beginning Fund Balance $70,430,381
- Estimated Revenue $77,810,400
- Estimated Available Funds $148,240,781
- Estimated Expenditures $87,110,477*
- Estimated Ending Fund Balance $61,130,304
*Includes expenditure of accumulated funds from prior fiscal years such as road bond proceeds, water and wastewater impact fees, park development fees, and the one-time use of fund balances.
The Kyle City Council is scheduled to hold budget meetings and public hearings on the proposed budget, property tax rates, water and wastewater service rates storm drainage fee, and other fees and charges for various City services for fiscal year 2019-2020 at Kyle City Hall located at 100 West Center Street, Kyle, Texas, on the following dates:
- Public Hearing No. 1 on Budget & Rates: Wednesday, August 14, 2019 at 7:00 p.m. SEE AGENDA
- Public Hearing No. 2 on Budget & Rates: Tuesday, August 20, 2019 at 7:00 p.m.
- Adoption of Budget & Rates (1st Reading): Wednesday, August 28, 2019 at 7:00 p.m.
- Adoption of Budget & Rates (2nd Reading): Tuesday, September 3, 2019 at 7:00 p.m.
All Kyle residents and interested persons are invited to attend the City Council’s budget meetings and public hearings to provide their comments to the City Council.
A complete copy of the proposed budget for FY 2019-2020 and associated documents are available on the City’s web page at: https://www.cityofkyle.com/finance/budget-development-fy-2019-2020
A printed copy of the proposed budget document is also available for public inspection during business hours (except on a City holiday) at Kyle City Hall located at 100 West Center Street, Kyle, Texas, and at Kyle Public Library located at 550 Scott Street, Kyle, Texas.