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HomeMy WebLinkAbout2004-08-31 Special Meeting AGENDA CITY OF GRAPEVINE, TEXAS SPECIAL CITY COUNCIL MEETING WORKSHOP TUESDAY, AUGUST 31, 2004 AT 5:30 P.M. BESSIE MITCHELL HOUSE 411 BALL STREET DINNER AT 5:00 P.M. CALL TO ORDER INVOCATION: Mayor Pro Tem Ted R. Ware WORKSHOP 1. City Council to conduct a workshop relative to the 2004-2005 budget and take any necessary action. ADJOURNMENT If you plan to attend this public meeting and you have a disability that requires special arrangements at the meeting, please contact the City Secretary's Office at (817)410-3182 at least 24 hours in advance of the meeting. Reasonable accommodations will be made to assist your needs. In accordance with Texas Government Code, Chapter 551.001 et seq, Acts of the 1993 Texas Legislature, the Special City Council meeting agenda was prepared and posted on this the 27th day of August, 2004 at 5:00 p.m. Linda Huff City Secretary STATE OF TEXAS COUNTY OF TARRANT CITY OF GRAPEVINE The City Council of the City of Grapevine, Texas met in Workshop on this the 31st day of August, 2004 at 5:30 p.m. at the Bessie Mitchell House, 411 Ball Street, with the following members present to-wit: William D. Tate Mayor Ted R. Ware Mayor Pro Tem Sharron Spencer Council Member C. Shane Wilbanks Council Member Roy Stewart Council Member Darlene Freed Council Member constituting a quorum, with Council Member Clydene Johnson absent, with the following members of the City Staff: Roger Nelson City Manager Gary Livingston Budget Manager CALL TO ORDER Mayor Tate called the workshop to order at 5:30 p.m. ITEM 1. WORKSHOP, BUDGET FISCAL YEAR 2004-2005 City Manager Roger Nelson presented the proposed budget for Fiscal Year 2004-2005 (FY2005) noting the budget represents our continuing commitment to prudent fiscal management while further enhancing City services to improve the quality of life and meet expressed needs in our community. Mr. Nelson reviewed the General Fund, Storm Drainage Utility Fund, Debt Fund, Utility Fund, Convention & Visitors Bureau Fund, and the Lake Enterprise Fund noting that the proposed tax rate for FY2005 is $0.3635 per$100.00 valuation. With this rate the General Fund balance exceeds 61 days of operations while continuing to maintain expenditures to the extent that base revenues exceed expenditures by$257,916.00. The Budget projected ending general fund balance of$7,054,849.00 meets fund balance requirements. General Fund Revenues anticipated for FY2004 is $42,084,714.00 with expenditures projected at $41,826,798.00. Mr. Nelson noted that contingent upon available revenues, the budget includes funding for 3% salary scale adjustment, 5% for merit increases and 5% for step increases for public safety employees. Funding for the 3% scale adjustment and a lump sum 2% payment for topped out employees is also included. ADJOURNMENT Mayor Pro Tern Ware, seconded by Council Member Stewart, offered a motion to adjourn the workshop at 8:35 p.m. The motion prevailed by the following vote: 08/31/04 Ayes: Tate, Ware, Spencer, Wilbanks, Stewart & Freed Nays: None Absent: Johnson PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF GRAPEVINE, TEXAS on this the 21st day of September, 2004. APPROVED: William D. Tate Mayor ATTEST: Lin a Huff City Secretary 2