Agenda No. 9.
CITY COUNCIL MEMORANDUM
| City Council Meeting: | August 27, 2019 |
| Department: | Finance |
| Subject: | Public Hearing on Proposed Budget for FY 2019-20 - Conduct a public hearing and presentation regarding the adoption of the FY 2019-20 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 2018-19.The first public hearing will be at the August 27, 2019 regular session. A second public hearing will be conducted at the September 3, 2019 regular session.A copy of the proposed FY 2019-20 Budget can be found online at www.schertz.com.
| General Fund | $39,187,985 |
| Tax I&S Fund | 7,027,003 |
| Water & Sewer Fund | 27,882,526 |
| Capital Recovery - Water | 256,000 |
| Capital Recovery - Sewer | 260,500 |
| Drainage Fund | 1,265,709 |
| EMS Fund | 9,598,811 |
| SEDC | 7,952,931 |
| Special Events Fund | 24,510 |
| PEG Fund | 118,000 |
| Hotel Occupancy Tax Fund | 505,894 |
| Park Fund | 177,000 |
| Tree Mitigation | 75,000 |
| Library Fund | 21,200 |
| Historical Committee | 11,750 |
| Total: | $94,364,819 |