Agenda No. 9.
CITY COUNCIL MEMORANDUM
| City Council Meeting: | August 25, 2020 |
| Department: | City Secretary |
| Subject: | Public Hearing on Proposed Budget for FY 2020-21 - Conduct a public hearing and presentation regarding the adoption of the FY 2020-21 Budget. (First required public hearing) (M. Browne/B. James/J. Walters) |
BACKGROUND
In accordance with Section 102.006 of the Texas Local Government Code the City Council must hold a public hearing on the proposed budget for FY 2020-21.The first public hearing will be at the August 25, 2020, regular session. A second public hearing will be conducted at the September 1, 2020, regular session.A copy of the proposed FY 2020-21 Budget can be found online at www.schertz.com and is attached as well.
| General Fund | $37,214,581 |
| Tax I&S Fund | 7,094,861 |
| Water & Sewer Fund | 24,729,835 |
| Capital Recovery - Water | 206,000 |
| Capital Recovery - Sewer | 208,000 |
| Drainage Fund | 1,443,563 |
| EMS Fund | 9,703,111 |
| SEDC | 8,144,799 |
| Special Events Fund | 32,100 |
| PEG Fund | 185,500 |
| Hotel Occupancy Tax Fund | 253,930 |
| Park Fund | 125,000 |
| Tree Mitigation | 70,000 |
| Library Fund | 21,200 |
| Historical Committee | 11,750 |
| Total: | $89,444,230 |