HomeMy WebLinkAboutItem 03 - Budget Iq �5 l!"'.1
MEMO TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: BRUNO RUMBELOW, CITY MANAGER
MEETING DATE: SEPTEMBER 7, 2010
SUBJECT: PUBLIC HEARING ON THE FY 2010-2011 BUDGET
RECOMMENDATION:
That the City Council conduct a public hearing on the proposed FY2010-2011 annual
budget. The budget contains fund expenditures in the following amounts:
General Fund $49,308,083
Utility Enterprise Fund 20,187,441
Debt Service Fund 12,049,638
Convention & Visitors Bureau Fund 16,669,750
Lake Enterprise Fund 3,150,072
Streets & Drainage Capital Projects 2,310,598
Permanent Street Maintenance Fund 1,356,000
General Permanent Capital Maintenance Fund 987,160
Utility Permanent Capital Maintenance Fund 750,000
Stormwater Drainage Fund 2,067,869
Lake Parks Fund 1,515,363
Water and Wastewater System Capital Projects 3,762,844
4B Fund 7,761,301
Crime Control & Prevention District Fund 12,237,027
Buildings & Facilities Capital Projects 7,592,480
Traffic Improvements Capital Projects 1 ,397,820
Capital Equipment Acquisitions 2,117,457
BACKGROUND:
Pursuant to the Charter of the City of Grapevine, Texas, Section 907, a public hearing on
the 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 7, 2010 and final action on the budget shall be taken at a special meeting
on September 14, 2010. A copy of the proposed FY 2011 budget summary is attached
hereto.
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