[1. CALL TO ORDER]
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IT IS TUESDAY, AUGUST 15, 2023.6:00 APPEARED WE HAVE A QUORUM PRESENT IN THE CITY COUNCIL COME BIT OF UNDER SECTION -- OF THE TEXAS GOVERNMENT CODE . SECTION 551.071. THE CITY OF ROWLETT RESERVES THE RIGHT TO RECONVENE RECESSED OR REALIGNED THE REGULAR SESSION ARE CALLED EXECUTIVE SESSION OR ORDER OF BUSINESS AT ANY TIME PRIOR TO ADJOURNMENT. FORWARDED TO THE CITY COUNCIL PRIOR TO THE START OF THE
[2. EXECUTIVE SESSION ]
MEETING. FROM PERSON COMMENTS, REGISTRATION FORMS ARE AVAILABLE INSIDE THE DOOR OF TH CITY COUNCIL CHAMBERS FOR THE FIRST ITEM TONIGHT IS THE EXECUTIVE SESSION FOR THE CITY COUNCIL SHALL CONVENE INTO EXECUTIVE SESSION PURSUANT TO TEXAS GOVERNMENT CODE 551.071 , CONSULTATION WITH ATTORNEY, AND TEXAS GOVERNMENT CODE,-1.072, DELIBERATIONS REGARDING REAL PROPERTY , TO SEEK LEGAL ADVICE FROM THE CITY ATTORNEY AND TO DISCUSS AND DELIBERATE REGARDIN THE DEVELOPMENT AGREEMENT WITH YOLO, LLC , AND THE PURCHASE OF ULRICH. IT IS 6:23 P.M. WE HAVE CONCLUDED BOTH ITEM 2A AND 2B NO ACTION TAKEN ON EITHER OF THOSE.[3A. Presentation of the Fiscal Year 2024 (FY2024) Proposed Budget.]
GOOD EVENING, EVERYBODY. OUR FIRST ITEM, IT IS ITEM 3A FOR THE PRESENTATION OF FISCAL YEA 2024 PROPOSED BUDGET. CITY MANAGER? DOES ANYBODY WISH TO SPEAK? OKAY.WHENEVER YOU'RE READY, SIR. I'M READY.
>> WE WANTED TO ALLOW SOME TIME TO PASS OUT THE BOOKS YOU HAVE ACTUALLY RECEIVED THE DIGITAL COPY ABOUT TWO WEEKS AGO. WE ARE GIVING YOU THIS HARD COPY TODAY TO OFFICIALLY PRESENT YOU WITH THE PROPOSED BUDGET FOR FISCAL YEAR 2024. I WILL TRY TO MAKE THIS AS QUICKLY AS I CAN. MAYOR, I WILL ASK IF YOU WANT T STOP BETWEEN SLIDES. JUST TELL ME AS WE PROCEED. ONE OF THE FIRST THINGS I WOULD LIKE TO TALK ABOUT IS THE COUNCIL. THI IS THE FISCAL YEAR 2024 BUDGET YEAR. IT IS NOT MY BUDGET, IT IS YOUR BUDGET. IT DOES NOT BECOME MY BUDGET UNTIL YOU RETURN IT BACK TO ME IN AN APPROVED FORMAT PRESENCE HAVE THE OBLIGATION TO PROPOSE THIS BUDGET TO YOU. THIS IS ONE OF THE SERIES OF MEETINGS WE HAVE HAD AND WILL CONTINUE TO HAVE.
EVERY FISCAL YEAR BUDGET DEVELOPMENT HAS ITS CHALLENGES.
THIS YEAR, OF COURSE, IT IS N EXCEPTION. I JOINED THE CITY ON JUNE 5TH. AS WE WERE KIND OF I THE MIDST OF SOME OF THE BUDGET DEVELOPMENT PROCESS, I THINK WE RECOGNIZED THERE WERE SOME FUTURE CHALLENGES WE HAD NOT READILY ASCERTAINED. WE ARE FINDING IN FISCAL YEAR 24, LET' PUT THAT UP TO BED NOW. SO THERE IS NOT ANY CONFUSION ABOU THAT. I ULTIMATELY BELIEVE WE WILL BE FINE EVEN IF THE SCHOO YEAR 2027 AND IN 2028. WITH OUR MODELING, THERE WERE SOME FINANCIAL CHALLENGES AHEAD. WE HAVE TALKED ABOUT THOSE , MOST SPECIFICALLY, JULY 13TH. WE
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TALKED ABOUT OUR FUTURE FUND BALANCE AND TALKED ABOUT IT BEING DOWN. I THINK IT IS IMPORTANT TO NOTE THAT WAS ONE OF THE THINGS THAT KIND OF WAS AN OVERARCHING CONCEPT. TO REDEVELOP THIS BUDGET. EMPLOYE RETENTION AND TRACTION IS SOMETHING THAT EVERY CITY IS HAVING TO DEAL WITH. ROWLETT I NO EXCEPTION IN THAT REGARD. THEIR NEIGHBORING CITIES YOU AR HAVING ATTRITION RATES OF 20 AN 30% ANNUALLY. SO I THINK, AGAIN, WHILE WE HAD A PROBLEM" I THINK SOMETIMES, PERSPECTIVE IS A WONDERFUL THING. IT CAN MAKE IT A LITTLE MORE BREAKABL BUT IT IS SOMETHING WE SHOULD HAVE BEEN COGNIZANT OF OR SOMETHING THAT THE COUNCIL HAS BEEN COGNIZANT OF. IT WAS A DRIVER THAT WE DEVELOPED THIS BUDGET. GROWTH IS ONE OF THOSE DOUBLE EDGED SWORDS , RIGHT? YO WANTED, YOU NEED IT. BUT IT COMES WITH CHALLENGES , COMES WITH PAINS, IT COMES WITH THING THAT ARE DIFFICULT, ESPECIALLY FROM THE STANDPOINT OF MATCHIN THE INFRASTRUCTURE TO THE GROWTH. BECAUSE IT IS REALLY HARD TO PUT INFRASTRUCTURE BEFORE THE GROWTH . THANK YOU.ADDITIONALLY, THE SERVICES, RIGHT? IT STRETCHES THE CITY SERVICES. IT IS DIFFICULT AND WE HAVE DONE IT TO SOME DEGREE.
IT IS DIFFICULT TO PUT THE SERVICE LEVEL COMMENSURATE WITH THE GROWTH IN ADVANCE OF THE FINANCIAL REWARDS THAT COME FROM THE DEVELOPER. LASTLY, ON OF THE DRIVERS WAS UTILITY RATES FOR THE GUN, WE TALKED ABOUT THIS AS A CITY LONG BEFORE I JOINED. PARTICULARLY THIS YEAR, WE LOOKED AT THE RAT INCREASES IN THE WATER DISTRICT WE ALSO HAD SOME CHALLENGES WE HAVE TALKED ABOUT WITH RESPECT TO THE WASTEWATER RATES , BOTH IN TERMS OF THEIR INCREASE AND JUST AS IMPORTANT, IN TERMS OF ALL THE METRIC CONSIDERATIONS. THOSE ARE THE THINGS THAT HELPE TO SHAPE THIS FISCAL YEAR 2024 BUDGET. LET'S QUICKLY LOOK AT REVENUES. WE ARE BEGINNING FISCAL YEAR 2024 WITH APPROXIMATELY $13.9 MILLION IN RESERVE BALANCE. WE ANTICIPATE APPROXIMATELY $26.1 MILLION I REVENUES. THE MAJORITY OF THAT IS , AS IN MOST CITIES, IT IS MADE UP OF TAXES TO THE TUNE OF ABOUT $39 MILLION. YOU CAN SEE WE ARE ANTICIPATING $9 MILLION IN SALES TAX. AND THEN DOWN THE LINE, AS YOU CAN SEE , I WILL TRY TO USE MY POINTER. YOU CAN SEE HER DOWN THE LINE, WITH THE REVENUE CATEGORIES. SOME WE ARE PROJECTING TO DECREASE. I THINK WHEN YOU LOOK AT FRANCHIS FEES, THOSE ARE DECREASING ANNUALLY FOR NEARLY EVERY CITY. THE CONSEQUENCE OF CUSTOMER BASES. NOW ALSO, SOME STATE LEGISLATION. LICENSING. I THIN WITH THE INTEREST RATES AND A LARGER ECONOMIC -- HAD A CHILLING EFFECT. DRAMATICALLY SO, BUT IT IS PROBABLY BEST WIT RESPECT TO THAT IN THE FORM OF DEVELOPERS. TREASURY SERVICES YOU WILL NOTICE THE INCREASE THERE. THAT IS BEEN DRIVEN BY ANTICIPATED INCREASE IN ACTIVITIES , PARTICULARLY WITH THE FIRE DEPARTMENT AND THE SERVICE THERE. THE MEDIC SERVICES . AGAIN, OVERALL, YOU CAN SEE AN INCREASE OF APPROXIMATELY $8 MILLION IN REVENUES.
I WILL POINT YOUR ATTENTION TO THE BLOCK ON THE RIGHT. OUR PROPERTY TAXES ARE OUR LARGEST REVENUE SOURCE. WE HAVE TALKED ABOUT THIS BEFORE. CERTIFIED VALUES CAME IN LATE JULY. THE CITY IS APPROXIMATELY 85 -- 80 POINT $1 MILLION IN CERTIFIED VALUES. UP FROM $7.1 BILLION FISCAL YEAR 2023. THAT IS ABOUT 927 MILLION IS AN INCREASE, APPROXIMATELY 14% . A 13% INCREASE IN VALUES FOR RESIDENTIAL VALUES WERE UP 14%.
COMMERCIAL VALUES WERE UP 9%. THE OTHER THINGS I WANT TO DRAW YOUR ATTENTION TO, WITH RESPECT TO RESIDUES IN THE FISCAL YEAR 2024 BUDGET, CONTEMPLATES SOME RELATIVELY SMALL THE ENHANCEMENTS. IN THREE CATEGORIES PARKS AND REC. HE RECEIVED IN THE MEMO PREVIOUSLY THEY ARE PROPOSING SOME CHANGE TO THE MEMBERSHIP RATE STRUCTUR AT THE RCC. THE POLICE DEPARTMENT IS PROPOSING A FEW CHANGES. ACCIDENT REPORTS AND FINGERPRINTING. LASTLY, THERE IS A PROPOSED FEE REDUCTION. 50 REDUCTION IN COPIER AND PRINTE COSTS. WE DID SOME OTHER THING WITH RESPECT REVENUES. AGAIN, W HAVE TALKED ABOUT IT BEFORE, SO TRY TO SUPPORT OUR FUND BALANCE THE CITY HAS DONE WHAT IT IS CALLED LANDMINE PLANNING.
IT IS CASH OUT OF THE FUND RESERVISTS AND PLACE THEM INTO WHAT IS CALLED THE CASH CIP GENERAL FUND CAPITAL MAINTENANC FUND. I DO NOT THINK THAT WAS WISE TO DO. THE REALITY IS, MOST OF THE LANDMINE PLANNING ACTIVITIES AT THIS POINT ARE
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REALLY GOING TO BE OPERATIONAL INASMUCH AS THEY ARE CAPITAL. S WE ALREADY HAD A BASELINE MOVEMENT OF ABOUT $1.6 MILLION OF LANDMINE THINGS THAT WERE COMING. SAFER GRANTS FOR THE FIREFIGHTERS . THEY INSPIRED A NUMBER OF OTHER THINGS . THAT WAS THE BIGGEST WRITER, BY THE WAY. NOT FIREFIGHTERS WERE COMING OFF OF THE SAFER GRANTS. SO WE DECIDED TO MOVE THE REMAINING $1.1 MILLION FROM TH CASH CIP FUND BACK WHERE IT RIGHTFULLY BELONGS IN THE GENERAL FUND. AGAIN, IT IS A ONE-TIME SHOT. I DO NOT WANT TO GIVE THE IMPRESSION THAT HIS FREE MONEY. IF THINGS WORK THE WAY ANTICIPATE , ADDITIONAL FIREFIGHTERS COMING OFF OF THE SAFER GRANTS NEXT YEAR, THAT MONEY IS ACCOUNTED FOR. IT IS A MORE ACCURATE REFLECTION OF OUR FINANCIAL POSITION. REALLOCATE WHAT I CALLED STALE MONEY. REA ALMOST $1 MILLION IN EXCESS IN THE FUND BALANCE. WE REALLOCATE THAT AND PORTION IT OUT FOR GENERAL ADMISSION OF CHARGES BACK TO THE SUPPORTING FUNDS . IN THIS PARTICULAR CASE, THE GENERAL FUND IS THE LARGEST SUPPORTING FUND. YOU CAN SEE THERE, WE HAVE $400,000 BACK TO THE GENERAL FUND AGAIN. THAT MONEY IS NOT SITTING STILL. THOSE ARE SOME OF THE THINGS WE DID IN TERMS OF REVENUE ENHANCEMENTS. LET'S TALK ABOUT OUR EXPENDITURES FOR THE GENERA FUND IN FISCAL YEAR 2024.PERSONAL I WILL BE THE LARGEST DRIVER THERE AT $46 MILLION.
PURCHASE -- THAT IS REALLY OUR OPERATING CATEGORY. YOU CAN SE THE TOTAL EXPENDITURE IS EXPECTED TO BE A LITTLE OVER $6 MILLION. YOU CAN SEE WE ANTICIPATED IN THE RESERVE BALANCE AND INCREASE TO CO- $16.4 MILLION. 29% ON BALANCE OF APPROXIMATELY 26.8 PERCENT AS WE ENTERED FY2024 FOR THAT IS GOOD NEWS AND PART OF THAT IS SLIGHTLY ARTIFICIAL BASED ON THE MOVEMENT OF FUNDS RIGHTFULLY BACK TO THE GENERAL FUND. SOME OF IT IS, AGAIN, THE ENHANCED TAX REVENUE. LET'S TALK ABOUT IT. CONSULATE HAD A MEETING. WE TALKED ABOUT THIS JULY 13TH. YOU BASICALLY TOLD US TO GO FORTH AND INCLUDE THESE ENHANCEMENTS IN THIS BUDGET. WE HAVE DONE SO. THE LARGEST OF WHICH IS A $3.4 MILLION INCREASE WITH EMPLOYEE BENEFITS AND SALARY. IT IS IMPORTANT TO NOTE THE CITY HAS MADE A COMMITMENT TO TRYING TO BE MORE COMPETITIVE. IN THAT ENDEAVOR, WE ARE ANTICIPATING 5.7 INCREASE OVER THE RANGE OF EMPLOYEES. PERCENT INCREASE TO POLICE . ADDITIONAL 5.7% INCREASE TO FIRE. WHAT IT WOUL ULTIMATELY IS AN INCREASE TO DISPATCH. COUNCILS AUTHORIZE U TO GIVE THEM AN ADDITIONAL 1.3 IN SALARIES TO TRY TO MAKE THE MORE MARKET COMPETITIVE THAN WHAT THEY WERE. YOU CAN ALSO SEE, IN TERMS OF ADDING ADDITIONAL STAFF, WHILE IT SAY 16 EMPLOYEES WOULD WANT TO BE CLEAR. NINE OF THOSE ARE CURRENTLY EMPLOYED BUT AGAIN, THEY ARE COMING OFF THE SAFER GRANTS SO THEY HAVE AN IMPACT O THE GENERAL FUND. THEY SERVED U AS ENHANCEMENTS. AUTHORIZED TWO ADDITIONAL POLICE OFFICERS. ONE COMMERCIAL VEHICLE ENFORCEMENT OFFICER. THE COST WOULD BE SPLI BETWEEN THE GENERAL FUND AND COMMERCIAL VEHICLE ENFORCEMENT FUND BUT ALSO AUTHORIZED IS 19 APPLICATION ANALYST. I THINK JUST AS IN PORTLAND, TWO PARK MAINTENANCE SPECIALISTS WITH TH EFFORTS TO BEAUTIFY THE PARKS AND OPEN SPACES. ANOTHER THING I WILL NOT GO THROUGH THE ENTIR LIST. YOU ARE VERY FAMILIAR WIT IT. IF YOU HAVE QUESTIONS BUT I THINK IT IS IMPORTANT TO POINT OUT THE SOUL AUTHORIZES AN ADDITIONAL BENEFIT FIRST CHAPTE THAT IS LANGUAGE PAY. TO THE TUNE OF $80 PER MONTH. EACH EMPLOYEE WHO IS ELIGIBLE. WE WANT TO TALK ABOUT THE PUBLIC SAFETY ENHANCEMENTS ADDITIONALLY. BOTH IN TERMS OF THE -- MODELS. ENHANCEMENTS FO THE FIRE DEPARTMENT AND MAINTENANCE PROGRAMS WITH A NUCLEAR MAINTENANCE AND SUPPLIES. THE RADIO PROGRAM IN TERMS OF REPLACING BOTH POLICE AND FIRE RADIOS ACROSS THE ORGANIZATION. AGAIN, I DO NOT WANT TO SPEND TOO MUCH TIME GOING OVER EVERY SINGLE ONE OF THOSE. YOU ARE FAMILIAR WITH THESE BUT AGAIN, A SIGNIFICANT NUMBER OF ENHANCEMENTS , NOTWITHSTANDING SOME OF OUR CONCERNS ABOUT THE FINANCIAL CONDITIONS IN THE FUTURE. THE UTILITY FUND. AGAIN, A VERY IMPORTANT FUND. LET'S TALK ABOUT THIS. I THINK THIS IS A SOURCE OF COME CONSTERNATION FO US AND THE FACT THAT WE ARE STILL WORKING THROUGH THAT. YOU CAN SEE ON THE RIGHT , I WILL START THERE. ANTICIPATING A FOU DOLLAR AND 80 SENT INCREASE IN CHARGES TO THE AVERAGE RESIDENTIAL -- USING APPROXIMATELY 7500 GALLONS. AGAIN, WE PRESENTED THESE MODEL ON THIS EXERCISE DUE ON THE 13TH OF JULY. YOU CAN ALSO SAVE
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THE DISTRICT PROPOSED RATE INCREASE WAS SLIGHTLY LOWER THA OUR INITIAL MODEL INDICATED FOR THEIR PROPOSING AN INCREASE OF 11%. THE CITY OF ROWLETT , THE WASTEWATER TUMOR PROVIDER, PROPOSING 3.4% INCREASE. THE OTHER THING YOU WILL NOTE IS INCREASE WAS -- THE CITY INSTALLED SOME NEW WASTE METERING. ANYTIME YOU INSTALL NEW METERS, YOU CAN -- THAT IS BEEN THE CONSEQUENCE HERE AS WELL. WE ARE BEGINNING OUR RESERVE BALANCE AT 14 POINT $8 MILLION. YOU CAN SEE OUR REVENUES THERE ARE APPROXIMATELY $36 MILLION ANTICIPATED FOR FISCAL YEAR 2024. GOING DOWN TO THE LEFT SIDE IN TERMS OF EXPENDITURES, THINK IT IS IMPORTANT TO NOTE THE PERSONNEL IS $3.8 MILLION. OF A $36 MILLION EXPENDITURE BUDGET. THE LARGEST DRIVER IS THE COST FOR SERVICES. THERE IS NO QUESTION ABOUT THAT. COSTS HAVE RISEN. WE TRY TO KEEP PACE . BUT THE COUNCIL, BAKKEN 2021 JANUARY OF 2021, DIRECTED STAFF TO WORSEN ALMOST $1 MILLION T HELP SUBSIDIZE AND OFFSET SOME OF THE FUTURE ANTICIPATED RATE INCREASES . THAT IS WHAT YOU SEE HAPPENING HERE. SO WHILE BUDGETING AT A DEFICIT, THAT WA EXPECTED AND ANTICIPATED AS AN OFFSET FOR THE $1 MILLION THAT YOU HAD US ALLOCATE. I WANT TO POINT OUT WHEN WE TALKED TO ON JULY 13TH, WE ANTICIPATED A SLIGHTLY LARGER CHANGE IN OUR NET POSITION. WE EXPECTED A GREATER LOSS, IF YOU WILL.WHOEVER, DUE TO THE DECREASE COST OF SERVICES ANTICIPATED FROM THE DISTRICT, WE EXPECTED LARGER INCREASE AND INCOMING SLIGHTLY LARGER THAN WE EXPECTE BUT ULTIMATELY, IT IMPROVES OUR NET POSITION BY SEVERAL HUNDRED OF THOUSANDS OF DOLLARS. AGAIN THE DRAINAGE FUN. NOT AS LARGE AS THE OTHERS. IT IS IMPORTANT IN MANY WAYS. YOU HAVE ALREADY IMPROVED A RATE INCREASE. THAT DOES NOT HAVE ANY IMPACT ON THE RESIDENTIAL CUSTOMERS. IT IS MOSTLY A LARGER DEVELOPMENT, COMMERCIAL DEVELOPMENT. YOU CAN SEE THAT ON THE SIDE THERE TO THE RIGHT. WITH RESPECT TO ENHANCEMENTS. THE LARGEST ENHANCEMENT IS THE EMPLOYEE PA INCREASES. OVERALL, YOU WILL NOTE THAT THIS POSITION RESERVE BALANCE -- THERE WE ARE. YOU WILL NOTE HERE THE BEGINNING BALANCES $784,000. AND OUR ENDING BALANCES $784,000 PER THAT IS INTENTIONAL. YOU WILL NOTE TRANSFERS OUT AT $2.1 MILLION. AGAIN, TALKING ABOUT STALE MONEY IN EXCESS FUND BALANCE RESERVES BUT WE HAVE TAKEN THE APPROACH TO MOVE THIS TO THE DRAINAGE CIP. THOSE FOLK CAN GET PUT INTO PLAY FOR THE IMPROVEMENT ON PROJECTS. EMPLOYEE BENEFITS FUND. I WILL NOT SPEND TOO MUCH TIME ON THIS AND YOU HAVE THE ENTIRE EXECUTIVE SESSION ON THIS BUT I THINK IT IS IMPORTANT TO NOTE, WHILE COST OF RESIN TO A NUMBER OF FACTORS. LARGE CLAIMS AND GENERALLY, THE MARKET INCREASING, WE ARE STILL MAINTAINING ABOUT 85/50% SPLIT 85% -- THERE'S AN INCREASE IN THE PREMIUM OF APPROXIMATELY 12 FOR THE EMPLOYEE AND FOR THE FAMILY. THOSE CATEGORIES. AGAIN, I DO NOT WANT TO SPEND TOO MUCH TIME ON THIS ONE AS YO HAVE AN ENTIRE SESSION ON THIS.
IF THERE ARE QUESTIONS, OF COURSE, WE CAN COME BACK. OTHER GOVERNMENTAL PRODUCTS.
THIS IS NOT A TRUE FUND. THIS SAVES US THE TROUBLE OF GOING THROUGH , ON THE RADIO, YOU WIL SEE ALL OF THE RESPECTIVE FUNDS GRANTS, ET CETERA, DOWN THE LINE. THIS IS KIND OF IN A REGULAR REFLECTION OF THOSE FUNDS BUT YOU CAN SEE, WE ARE STARTING WITH APPROXIMATELY $5.6 MILLION AGGREGATE RESERVE FUND BALANCE. WE ARE ENDING WIT APPROXIMATELY 6.3 MILLION. IN HERE, YOU HAVE TO GET TECHNOLOGY, REPLACEMENT, TECHNOLOGY REPLACEMENT, DISASTE FUND. WE HAVE TALKED OFF-LINE ABOUT MANY OF THESE THINGS YOU SET UP HAPPENED HERE. I DID NOT -- I WILL LOOK FORWARD TO SHOW YOU THAT THESE WERE SEPARATE FUNDS FOR THIS IS A SEPARATE FUND FOR THIS IS AN AGGREGATE SHOWING ALL OF THOSE SMALLER FUNDS. THE TAX VALUE INCREASED THE TIF PROCEEDS. CHARGES FOR PROCEEDS EXPIRE. OUR SAFER GRANTS. THE CRISIS ASSISTANCE GRANT IS GONE. IT WAS MOVED BACK TO THE GENERAL FUND. THER ARE A NUMBER OF THINGS THAT HAV HAPPENED WITH THE COMMERCIAL VEHICLE ENFORCEMENT AND POLICE ENFORCEMENT. IF ONE OF THEM CAPITAL THINGS OUT OF THOSE RESPECTIVE CATEGORIES. YOU CAN SEE DOWN THE LINE.
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EXPENDITURES. WE TALKED ABOUT THE FIREFIGHTERS. WE DID NOT TALK ABOUT THE CRISIS ASSISTANC COORDINATOR, BUT IT WAS ON THE SLIDE PER THAT IS MOVING BACK T THE GENERAL FUND. AGAIN, PAY INCREASES ACROSS SOME OF THESE BUT I THINK IT IS IMPORTANT TO NOTE, WE ARE DOING SOMETHING A LITTLE DIFFERENT. WE WANTED TO LEASE THE VEHICLE FOR THE TWO POLICE OFFICERS. INSTEAD, WE AR TAKING IT OUT OF THE PROCEDURE FUND. TWO SURVEILLANCE CAMERAS OR PLATFORMS, RATHER. COMING OU OF THE PROCEDURE FUNDS. A NUMBER OF OTHER THINGS THERE FO THESE. THESE ARE IMPACT FEES.ANY NUMBER OF THOSE SMALLER SPECIALIZED FUNDS. OKAY. THE FIVE-YEAR CAPITAL IMPROVEMENT PLAN. WHAT I DID HERE IS A SUMMARY SLIDE. WE TALKED ABOUT THE CAPITAL IMPROVEMENT AND IN DETAIL BEFORE. WE CAN DO SO AGAIN. OBVIOUSLY, IT WOULD BE MY PLEASURE. FOR THIS EXERCISE, TERMS OF PRESENTING YOU THE BUDGET, I WOULD PROBABLY ADD SI MORE SLIDES TO THIS PRESENTATION. WHAT I THINK IS MOST IMPORTANT AT THIS STAGE O THE CONVERSATION AS TO NOTE THA FOR FY2024, PROPOSING APPROXIMATELY $31 MILLION IN CAPITAL. THAT IS ACROSS A SERIES OF FUNDS, THE GEO BONDS IMPACT FEES, AND OTHER SUCH SOURCES. ULTIMATELY, THE OTHER THING TO CONSIDER. THE FIVE-YEAR TOTAL IS OVER $183 MILLION. YOU CANNOT SEE THIS.
BUT I THINK EVERYONE HERE IS AWARE THAT HOPEFULLY, IN FISCAL YEAR 2024, WE'LL TAKE A PACKAGE TO THE VOTERS. WE HAVE TALKED ABOUT THE BONDING CAPACITY BEING APPROXIMATELY $5 MILLION. ONE OF THE ANCILLARY BENEFITS OF THE ENHANCED PROPERTY VALUES IS THAT THE CAPACITY IS NOW INCREASED TO APPROXIMATELY $63 MILLION WITHOUT ANY CHANGE TO THE TAX RATE. I TRIED TO MAKE THIS AS QUICK AS POSSIBLE. I KNOW YOU FOR THIS INFORMATION NUMEROUS TIMES I WILL TRY TO GO THROUGH AS QUICKLY AS I CAN. I'M HAPPY TO ANSWER ANY QUESTIONS AS BEST
I CAN. >> THANK YOU. USUALLY, THIS TAKES A LOT LONGER.
WILL BE HAVING ANOTHER MEETING IN THE FUTURE TO FINALIZE THES DETAILS. GO INTO DETAILS AND ANY QUESTIONS YOU MAY HAVE.
THIS IS A HIGHER-LEVEL OVERVIEW OF WHAT THE BUDGET ENTAILS.
GREAT JOB, AS ALWAYS, EVERYBODY . THANK YOU FOR YOUR PARTICIPATION. WE WILL GET A LOT OF GOOD THINGS DONE. THIS FIGHT IS BETTER THAN I THOUGHT IT WOULD BE. SO THANK YOU, ALL
THIS IS A TEAM EFFORT. YEAH. >> I WILL SAY THANK YOU FOR COMBINING ALL THE OTHER GOVERNMENTAL FUNDS. IT IS KIN OF A HODGEPODGE BUT I THINK WE END UP SPENDING A LOT OF TIME AND NOT A LOT OF DOLLARS THAT WE HAVE. I THINK THAT IS A WISE
CHOICE SO THANK YOU. >> JUST THE FACTS, MA'AM. I LOVE IT.
>> YES, SIR. I AGREE. GET TO THE POINT. THIS IS OUR SITUATION. THIS IS WHERE WE ARE GOING TO BE. BOOM! YOU KNOW? I
LIKE THAT. >> OKAY. ANYTHING ELSE? THANK YOU, EVERYBODY. THANK YOU, CIT MANAGER. THANK YOU, FINANCE
TEAM. GREAT JOB. >> OKAY. SO WE ARE DONE WITH
[4. DISCUSS CONSENT AGENDA ITEMS]
THE WORK SESSION. COUNCIL, PLEASE TAKE A LOOK AT THE CONSENT AGENDA ITEMS. IS THERE ANYTHING YOU WISH TO PULL FOR INDIVIDUAL CONSIDERATION? THERE IS ONE ITEM -- DID YOU WANT TGO TO THAT? >> CONSENT ITEM 7F. STAFF IS REQUESTING THAT ITEM BE PULLED UNTIL THE NEXT COUNCIL MEETING.
THEM. AND MAKE SURE THE CORREC INFORMATION IS THERE BECAUSE THAT IS IMPORTANT. WE REQUEST THAT THIS ONE IS
LOW VOLUME ] >> COUNCIL, PULLING THAT UNTI THE NEXT MEETING. OKAY, ANYTHING ELSE HE WAS TO PULL FO
INDIVIDUAL CONSIDERATION? >> I HAD A QUESTION ABOUT THE EVENTS. THE DIFFERENT WAY OF ADDRESSING THE COUNCILMEMBERS,
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JUST BY LAST NAME, OR BY TITLE? COUNCILMEMBER? YOU KNOW, JUST WAS A SWITCH -- DID NOT GET SWITCHED.>> COUNCIL, ANYTHING ELSE? OKAY, THEN WE WILL CONVENE ON THE REGULAR SESSION AT 7:30.
* This transcript was compiled from uncorrected Closed Captioning.