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HomeMy WebLinkAboutItem 1 - Public HearingMEMO TO: FROM: MEETING DATE: SUBJECT RECOMMENDATION: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL BR41NO RUMBELOW, CITY MANAGER,$" PUBLIC HEARING ON THE FY 2015-2016 BUDGET That the City Council conduct a public hearing on the proposed FY2015-2016 annual budget. The budget contains fund expenditures in the following amounts: General Fund $62,752,711 Convention and Visitors Bureau Fund 19,241,168 Convention and Visitors Bureau Incentives Fund 4,409,738 Storm water Drainage Fund 1,380,233 Crime Control & Prevention district Fund 14,392,012 Lake Parks Special Revenue Fund 1,862,489 4B Transit Fund 20,721,398 Economic Development Fund 3,492,872 Debt Service Fund 14,750,609 Utility Enterprise Fund 24,262,360 Utility Permanent Capital Maintenance Fund 1,000,000 Golf Enterprises Fund 2,946,532 General Permanent Capital Maintenance Fund 1,595,000 Permanent Street Maintenance Fund 1,684,000 Community Quality of Life Fund 685,000 Streets, Traffic and Drainage Capital Projects 200,000 Capital Equipment Acquisitions 2,498,862 BACKGROUND: Pursuant to Chapter 363 of the Texas Local Government Code, a public hearing on the CCPD annual budget shall be held to allow all interested persons to be heard for or against any item or the amount of any item therein contained. The public hearing shall commence on September 15. September 8 and final action on the budget shall be taken on September 4, 2015 (2:49PM)