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HomeMy WebLinkAbout2002-08-21 Special Meeting AGENDA CITY OF GRAPEVINE, TEXAS SPECIAL CITY COUNCIL MEETING WORKSHOP WEDNESDAY, AUGUST 21, 2002 AT 6:00 P.M. BESSIE MITCHELL HOUSE 411 BALL STREET DINNER AT 5:45 P.M. CALL TO ORDER INVOCATION: Mayor Pro Tem Ted R. Ware WORKSHOP 1. City Council to conduct a workshop relative to the 2002-2003 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 16th day of August, 2001 at 5:00 p.m. Lind Huff 146 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 21st day of August, 2002 at 6:00 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 Clydene Johnson Council Member Roy Stewart Council Member Darlene Freed Council Member constituting a quorum, with Council Member Roy Stewart absent, with the following members of the City Staff: Roger Nelson City Manager Gary Livingston Budget Manager CALL TO ORDER Mayor Tate called the meeting to order at 6:00 p.m. ITEM 1. WORKSHOP, BUDGET FISCAL YEAR 2002-2003 City Manager Roger Nelson presented the proposed budget for Fiscal Year 2002-2003 (FY2003) 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. The proposed budget comes at a time unique in our history, after the events of September 11, 2001. While the negative impacts on the local and national economies have been great, this budget proposal continues our efforts to meet operational requirements caused by growth pressures in the face of a slower economy. Preparation of the FY2003 Budget has been significantly affected by the condition of the local economy. The City has seen shortfalls in several General Fund revenue sources during 2002. Sales tax has dropped back to FY2001 levels and the Ad Valorem tax base for 2003 had declined by $33,000,000. Both revenue declines appear to be a direct result of impacts on the airline and travel industries and the recession. As a result of these conditions, the FY2003 Budget follows the trend of FY2002, which supports existing programs with no expansion of increased service levels. 08/21/02 City Manager Nelson noted that there are some highlights on the horizon with the opening _. of a Wal-Mart Supercenter and Sam's Club in FY2003, the Opryland Hotel in FY2004 and Terminal D at DFW in FY2005. However, City Manager Nelson also expressed concern about the rate of recovery for both property and sales tax receipts and the future impacts that could be felt in the City's services. City Manager Nelson noted the operating budget does not allow for any employee raises for FY2003 and the hiring freeze instituted during 2002 has been modified and continued. He noted there are no significant modifications to the health care plan contemplated at this time. Mr. Nelson reviewed the General Fund, Utility Fund, Convention & Visitors Bureau Fund, and the Lake Enterprise Fund noting that the proposed tax rate for FY2003 is $0.366 per $100.00 valuation. With this rate the General Fund balance equals 63 days of operation while continuing to maintain expenditures to the extent that base revenues match expenditures. The Budget projected ending general fund balance of $6,637,850.00 is three days in excess of requirements. General Fund Revenues anticipated for FY2002 is $38,396,414.00 with expenditures projected at $38,396,414.00. Mayor Tate and the City Council commended City Manager Nelson and Staff for the detailed preparation and presentation of the proposed budget. ADJOURNMENT Council Member Stewart, seconded by Mayor Pro Tern Ware, offered a motion to adjourn the workshop at 7:45 p.m. The motion prevailed by the following vote: Ayes: Tate, Ware, Spencer, Wilbanks, Johnson, Stewart & Freed Nays: None PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF GRAPEVINE, TEXAS on this the 3rd day of September, 2002. APPROVED: Williarn D. ate Mayor ATTEST: Lin a uff 7440 City Secretary 2