AGENDA CAPTION:
Title
Consider approval of Ordinance 2019-21, on the first of two readings, amending the City's 2018-2019 Fiscal Year Budget to allocate a total amount not to exceed $689,500 from General Fund to provide funding for facility maintenance, software licenses, IT equipment, building security, and Hays Caldwell Woman's Shelter and providing an effective date.
Body
Meeting date: August 6, 2019
Department: Finance-Heather Hurlbert, Finance Director
Amount & Source of Funding
Funds Required: $
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Funds Available: Click or tap here to enter text.
Account Name:
Fiscal Note:
Prior Council Action: Budget Amendment was discussed in the June Budget Workshops and the August 1st Budget Workshop
City Council Strategic Initiative: [Please select from the dropdown menu below]
N/A
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Comprehensive Plan Element (s): [Please select the Plan element(s) and Goal # from dropdown menu below]
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? Parks, Public Spaces & Facilities - Funding and staffing to ensure quality public safety and community services
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? Not Applicable
Master Plan: [Please select the corresponding Master Plan from the dropdown menu below (if applicable)]
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Background Information:
Background Information:
YTD Sales Tax revenue for FY2019 is trending higher than budgeted. As of the July reporting period (9th month of the fiscal year), which are collections from May, Sales Tax collections are $975K in excess of budget. The revenue in excess of budget is the result of sales tax generated by the San Marcos Outlet Malls and the City's base sales taxes. The proposed budget amendment will increase budget for the following:
* Facility Maintenance-$400,000-The General Fund has $575,000 budgeted for the ...
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