FY2010 Budget - City of Carrollton, TX

Transcription

APPROVED ANNUAL BUDGET
FOR
MUNICIPAL SERVICES
FISCAL YEAR
OCTOBER 1, 2009 – SEPTEMBER 30, 2010
Front Row (L-R): Councilmember Lisa Sutter, Mayor Ronald F. Branson, City Manager Leonard Martin, Councilmember Pat Malone
Back Row (L-R): Councilmember Kevin Falconer, Councilmember Jeff Andonian, Deputy Mayor Pro Tem Matthew Marchant, Mayor
Pro Tem John Mahalik, Councilmember Terry Simons Beth Bormann, Assistant City Manager, Culture, Leisure & Support Services
Marc Guy, Assistant City Manager, Development
Bob Scott, Assistant City Manager, Financial Services
Budget Staff
Pam Hodges, Controller
Lori Iwanicki, Budget and Management Analysis Supervisor
Katie Mayes, Senior Budget and Management Analyst
David J. Gaines, Budget and Management Analyst
City of Carrollton
Fiscal Year 2009-10 Approved Budget
Table of Contents
EXECUTIVE SUMMARY / BUDGET OVERVIEW
Executive Summary .............................................................................................................................................................. 3
Budget Overview................................................................................................................................................................... 8
Budget Preparation Calendar .............................................................................................................................................. 16
Tax Base Comparison ......................................................................................................................................................... 18
Residential Municipal Service Cost Comparison ............................................................................................................... 19
Organizational Chart ........................................................................................................................................................... 20
Business Unit Listing .......................................................................................................................................................... 21
Municipal Fund Structure.................................................................................................................................................... 22
Financial Standards ............................................................................................................................................................. 23
Contingent Budget Planning ............................................................................................................................................... 25
Description of Revenue Sources and Expenditure Types .................................................................................................. 27
Home Rule Charter – Article IV – Budget Provisions ....................................................................................................... 31
Budget Process Overview ................................................................................................................................................... 33
FUND SUMMARIES
Combined Funds:
Combined Funds Summary ................................................................................................................................................. 37
Personnel Schedule – Fiscal Years 2008-2010................................................................................................................... 43
Governmental Funds:
General Fund Description ................................................................................................................................................... 45
General Fund Summary ...................................................................................................................................................... 47
General Fund Revenue Detail ............................................................................................................................................. 48
General Fund Expenditure Detail ....................................................................................................................................... 50
Special Revenue Funds Description ................................................................................................................................... 55
Hotel / Motel Tax Fund Summary ...................................................................................................................................... 57
Digital Mapping Fund Summary ........................................................................................................................................ 58
Court Security Fund Summary............................................................................................................................................ 59
Juvenile Case Management Fund Summary....................................................................................................................... 60
Public Safety Grants Fund Summary .................................................................................................................................. 61
Confiscated Assets Fund Summary .................................................................................................................................... 62
Utility Rate Review Fund Summary ................................................................................................................................... 63
General Special Revenue Fund Summary .......................................................................................................................... 64
General Debt Service Fund Description ............................................................................................................................. 65
General Debt Service Fund Summary ................................................................................................................................ 67
Enterprise Funds:
Enterprise Funds Description .............................................................................................................................................. 69
Utility Funds Description .................................................................................................................................................... 71
Utility Operating Fund Summary........................................................................................................................................ 73
Utility Operating Fund Expenditure Detail......................................................................................................................... 74
Utility Debt Service Fund Summary ................................................................................................................................... 75
Utility Fleet Replacement Fund Summary ......................................................................................................................... 76
Golf Course Funds Description........................................................................................................................................... 77
Golf Course Operating Fund Summary .............................................................................................................................. 79
Golf Course Debt Service Fund Summary ........................................................................................................................ 80
Golf Course Fleet Replacement Fund Summary ............................................................................................................... 81
Solid Waste Operating Fund Description ........................................................................................................................... 83
Solid Waste Operating Fund Summary .............................................................................................................................. 85
City of Carrollton
Internal Service Funds:
Internal Service Funds Description ..................................................................................................................................... 87
Fleet Services Funds Description ........................................................................................................................................ 89
Fleet Services Fund Summary ............................................................................................................................................ 91
General Fleet Replacement Fund Summary ...................................................................................................................... 92
Risk Management Fund Description .................................................................................................................................. 93
Risk Management Fund Summary...................................................................................................................................... 95
Administrative Services Fund Description ......................................................................................................................... 97
Administrative Services Fund Summary ............................................................................................................................ 99
Administrative Services Fund Expenditure Detail ........................................................................................................... 100
Employee Health and Disability Fund Description .......................................................................................................... 103
Employee Health and Disability Fund Summary ............................................................................................................ 105
Capital Project Funds:
Capital Project Funds Description .................................................................................................................................... 107
General Capital Budget ..................................................................................................................................................... 109
Community Development Capital Budget ........................................................................................................................ 110
Parks Capital Budget ......................................................................................................................................................... 111
Streets Capital Budget ....................................................................................................................................................... 112
Drainage Capital Budget ................................................................................................................................................... 113
Traffic Capital Budget ....................................................................................................................................................... 114
Tax Increment Financing Reinvestment Zone .................................................................................................................. 115
Utility Capital Budget........................................................................................................................................................ 116
Golf Capital Budget........................................................................................................................................................... 117
CAPITAL IMPROVEMENT PLAN
Capital Improvement Plan Description ............................................................................................................................. 119
CIPAC Recommendation .................................................................................................................................................. 121
Capital Improvement Plan - Summary.............................................................................................................................. 122
Capital Improvement Plan – Parks & Recreation ............................................................................................................. 123
Capital Improvement Plan – Public Works ...................................................................................................................... 124
Capital Improvement Plan – Transportation ..................................................................................................................... 126
Capital Improvement Plan – Public Safety ....................................................................................................................... 127
Capital Improvement Plan – Facilities .............................................................................................................................. 128
Capital Improvement Plan – Retail Redevelopment and Rehabilitation .......................................................................... 129
ASSESSED VALUATIONS
Tax Levy Analysis............................................................................................................................................................. 131
Analysis of Assessed Valuation ........................................................................................................................................ 132
Taxable Values by Type.................................................................................................................................................... 133
OUTSTANDING INDEBTEDNESS
Outstanding Indebtedness Description ............................................................................................................................. 135
Schedules of Outstanding Indebtedness ........................................................................................................................... 137
GLOSSARY/ NOTES
Glossary of Terms ............................................................................................................................................................. 153
Ordinance No. 3322 .......................................................................................................................................................... 156
Ordinance No. 3323 .......................................................................................................................................................... 158
City of Carrollton
Executive Summary
Vision 2020 was established to create a sustainable future for the City of Carrollton and states:
Carrollton is a family-friendly community with vibrant neighborhoods and
successful transit-oriented development, and is a safe and inclusive community.
The Five-Year Strategic Plan establishes the following goals:
• Maintain a sustainable community
• Maintain an effective transportation system and street infrastructure
• Improve the quality, vitality and attractiveness of neighborhoods
• Operate the city organization as a competitive service business
• Encourage amenity-type developments
• Reflect and promote a positive perception of the City
BUDGET POLICY GUIDELINES
The Fiscal Year 2009-10 budget was developed within the context of the City Council adopted
budget policies and goals, the City’s multi-year budget and financial standards. Discussion of the
Fiscal Year 2009-10 budget began on March 24, 2009 with the presentation of the Multi-Year
Budget and Financial Forecast to City Council. This long-range forecast outlines the City’s
financial outlook for the next five years.
A budget work session was held on June 16, 2009 to brief the City Council on declines in revenues
experienced since the preparation of the Multi-Year Budget and Financial Forecast and to seek
direction for preparation of the Proposed Budget. The Fiscal Year 2009-10 Preliminary Budget was
distributed to City Council on July 31, 2009. On August 4 and 18, 2009, City Council worksessions
were held to provide City Council an opportunity for questions and deliberation and provided
guidance to staff for the finalization of the budget.
A Public Hearing on the proposed budget was held on September 1, 2009. Adoption of the final
budget and tax rate was held on September 15, 2009.
City of Carrollton
BUDGET IN BRIEF
The Fiscal Year 2009-10 budgeted expenditures and transfers out in the operating, debt service and
fleet replacement funds total $177,064,080, a decrease of 2.9% from the Fiscal Year 2008-09
budget. Revenue and transfers in for these funds total $173,512,044, representing a 3.4% decrease
over the previous year budget.
Total Budget Expenditures and Transfers Out –
Operating, Fleet Replacement and Debt Service
Total General Fund Expenditures (not including
transfer out)
Taxable Assessed Value
Estimated Sales and Use Taxes
Ad Valorem Tax Rate
Total Utility Fund Expenditures and Transfers Out
Total Capital Program New Projects
Total City Full-time Equivalent Employees
2008-09
Budget
2009-10
Budget
Change from
2008-09
$182,327,366
$177,064,080
(2.9%)
$78,874,670
$9,522,989,457
$22,132,700
$0.617875
$35,731,785
$53,295,368
842.95
$76,041,493
$9,288,760,087
$20,954,500
$0.617875
$36,705,411
$41,750,099
832.45
(3.6%)
(2.5%)
(5.3%)
0%
2.7%
(21.7%)
(1.2%)
Property Tax
The 2009 taxable assessed value for the City of Carrollton is $9,288,760,087. This represents a
2.5% decrease from the prior year. This taxable assessed value is adjusted by the incremental value
allocated to the Tax Increment Reinvestment Zone and the value of Economic Development tax
rebates to calculate the budgeted ad valorem tax revenue. Including these adjustments, the
estimated taxable value is $9,176,434,658, a decrease of 2.5% from the same calculation in the prior
year. Ad valorem tax revenue for the Fiscal Year 2010 Budget is $55,564,918. The average
homestead market value is $179,914 compared to last year’s certified average value of $178,605, an
increase of 0.7%. This Budget keeps the property tax rate at $0.617875 per $100 assessed value.
Based on this rate, taxes on the average homestead will be $889 with the 20% homestead
exemption.
Sales Tax
Sales tax collections are expected to decrease to $20,954,500 from Fiscal Year 2008-09 budgeted
collections of $22,132,700. Current estimates for Fiscal Year 2008-09 sales tax collections have
been lowered to $20,954,500.
Debt Issuance and Capital Funding
Over $41 million for new capital projects are funded from non-recurring sources, tax revenue and
bond proceeds. Debt issuance of $18,505,000 in General Obligation Bonds is planned.
City of Carrollton
Staffing and Compensation
Total full-time equivalent staffing for Fiscal Year 2009-10 is 832.45, a reduction of 10.5 positions
from the Fiscal Year 2008-09 Budget.
The following positions have not been funded in the Fiscal Year 2009-10 Budget:
Frozen Positions – These positions have been frozen and not funded for Fiscal Year 2009-10 but are
considered needed in future years.
• Telecommunications Professional Standards Coordinator
• Library Administrative Support Assistant
• Parks Equipment Operator
• Engineering Administrative Support Assistant
• Civil Engineer
• Planner
• Traffic Signal Crewmember
Eliminated Positions
• Victim Advocate (the grant funding this position was not awarded for Fiscal Year 2008-09)
• Emergency Management Specialist
• Code Enforcement Officer
• Municipal Court Clerk
• Municipal Court Administrative Support Specialist
• Nature Center Recreation Coordinator
• Summer Camp Recreation Leader (.75 FTE)
• Resolution Center Support Services Specialist (.25 FTE)
The following positions have been added or changed in the Fiscal Year 2009-10 Budget:
• Detention Officers – 2 positions – after preparation of the Fiscal Year 2008-09 budget, 2
detention officer positions were added from contingencies to support the new 287(g)
program.
• Recreation Attendants – 1.5 positions – seasonal facility monitor positions will be converted
to regular attendant positions.
There is no increase in employee compensation included in Fiscal Year 2009-10, other than
scheduled civil service step increases, which mirrors the economic crisis many similar organizations
in the area are facing. Additionally, no increase to health insurance premiums are planned due to
continued good performance in health claims and the opening of the Employee Health Clinic in
September 2009.
In Fiscal Year 2006-07, the City began implementation of the Governmental Accounting Standards
Board Statement No. 45 Accounting and financial Reporting by employers for Postemployment
Benefits Other Than Pensions which established standards for the measurement, recognition and
display of Other Postemployment Benefits (OPEB) expenses and related liabilities. For Fiscal Year
2009-10, this contribution from the operating funds has been reduced by $347,440 and will be offset
by the excess fund balance in the Employee Health and Disability Fund.
City of Carrollton
Based on the City's current Texas Municipal Retirement System (TMRS) benefit structure, the
annual actuarial analysis calculated a required contribution rate of 18.02% for calendar year 2010.
The City's current rate for calendar year 2009 was 16.74%. In order to keep the rate at the 2009
level, changes to the plan benefits will be made reducing the cost of living adjustments for retirees
from 75% to 50% of CPI.
BUDGET KEY CHANGES
A declining economy in 2009 significantly impacted the City’s revenue streams and impacted
programs and services. These impacts have been included to balance the Fiscal Year 2009-10
Budget and include the following:
Rate Increases
• Increases to several fees and charges have been included in the budget revenues. These
increases are projected to increase revenues in the General Fund by $574,588 and Utility
Fund by $156,660.
•
Current budget projections show a need for Water and Sewer rate increases totaling
$687,005 to maintain reserve fund targets. Due to the seasonality of water revenues, staff
recommends that the rate increase be evaluated in the fall after the amount of crucial
summer revenues are known. Based on current budget projections, a 3%-4% rate increase
will be needed effective January 1, 2010. Additionally, the Multi-year Budget projections
showed the need for an additional 4% increase in Fiscal Year 2010-11.
Carrollton Economic Stimulus Program
• In Fiscal Year 2008-09, a budget amendment was approved to provide funding for a local
economic stimulus program for Carrollton residents hit hard by the economic crisis. The goal
of this program was to provide temporary work for those individuals who had lost their jobs due
to the spiraling economy. These jobs included projects for both high skilled and low skilled
individuals. This program will continue in Fiscal Year 2009-10 to help alleviate some of the
workload, at least temporarily, that may be experienced with staffing reductions.
Parks and Recreation
• The Nature Center provides an opportunity for individuals to explore Elm Fork Nature
Preserve and hosts the annual Nature Fest event in the fall. Revenues from both programs
do not cover the expenses involved in operating the facility or the event. The Budget
includes elimination of these programs. For Fiscal Year 2009-10, people will still be able to
visit the preserve but all programming will be eliminated.
•
For the last three years, the Carrollton-Farmers Branch ISD and the Lewisville ISD have
operated summer camps that compete with the City’s Summer Camp Program.
Additionally, they provide the City with the facilities to operate the program. In an effort to
not duplicate services or over saturate the market which would impact the success of these
programs, no funding is included in the Fiscal Year 2009-10 Budget for the City’s program.
City of Carrollton
New Animal Shelter
• The new Animal Control and Adoption Center is scheduled to open in the spring 2010.
Funding has been included in the Fiscal Year 2009-10 Budget for security cameras and
additional electricity usage to cover the additional square footage of the building. However,
additional staffing and supplies needed to fully utilize this facility have not been funded in
the Budget.
Carrollton Signature Event
• Planning for a Signature Event in the fall of 2010 is underway. Funding for this event is
included in the Hotel/Motel Tax Fund. For Fiscal Year 2009-10, this fund shows a
reduction in fund balance for Fiscal Year 2009-10 of $179,700 due to this event and
declining revenues. The Hotel/Motel Tax Fund is budgeted to end Fiscal Year 2009-10 with
a remaining fund balance of $1,068,180.
City of Carrollton
Budget Overview
GENERAL FUND
The General Fund accounts for expenditures of traditional governmental services as well as
financial resources not required to be accounted for in other funds.
General Fund Revenues and Transfers In
2009-10
Approved
$76,658,606
2008-09
Budget
$79,573,290
Li ce n s e s &
Pe rm i ts
2 .2 %
Li ce n s e s &
Pe rm i ts
2.3%
Fra n ch i s e
Fe e s
1 2 .5 %
Ad Va l o re m
Ta x
4 1 .7 %
In t./Mi s c.
2 .5 %
Ad Val ore m
Tax
42.3%
In t./Mi sc.
1.7%
S al e s Tax
27.3%
S a l e s Ta x
2 7 .8 %
Tra n s fe rs
3 .3 % C h a rg e s fo r Fi n e s a n d
Fo rfe i tu re s
S e rvi ce s
4 .9 %
5 .1 %
Fran ch i se
Fe e s
13.3%
Tran s fe rs
3.5%
C h arge s for
S e rvi ce s
5.2%
Fi n e s &
Forfe i tu re s
4.4%
General Fund revenues and transfers in for the Fiscal Year 2009-10 Budget total $76,658,606, a
decrease of 3.7% from Fiscal Year 2008-09. General ad valorem taxes produce 42.3% of the
General Fund revenues and transfers in for Fiscal Year 2009-10.
City of Carrollton
General Fund Revenues and Transfers In
Increases /Decreases from the FY 2009 Budget
General Fund
Revenue Source
Ad Valorem Taxes, including
Penalties and Interest (1)
Sales and Use Taxes (2)
Franchise Fees
Licenses and Permits
Charges for Services
Fines and Forfeitures
Investment Income
Miscellaneous
Transfers In
Total
FY 2010
Budget
Amount
% of
Total
$32,443,433
20,954,500
10,165,345
1,750,750
3,983,653
3,381,200
800,000
487,090
2,692,635
$76,658,606
42.3%
27.3%
13.3%
2.3%
5.2%
4.4%
1.1%
0.6%
3.5%
100.0%
% Change
from
FY 2009
Budget
Change from
FY 2009
($ 744,404)
(1,178,200)
244,995
(44,050)
(44,767)
(492,800)
(800,000)
121,090
23,452
($2,914,684)
(2.3%)
(5.3%)
2.5%
(2.5%)
(1.1%)
(12.7%)
(50.0%)
33.1%
0.9%
(3.9%)
(1)
Estimated taxable assessed valuations (adjusted for the tax rebates and TIRZ incremental value) of
$9,176,434,658 represented a decrease of 2.5% from the prior year.
(2)
Fiscal Year 2008-09 sales and use tax receipts are projected to end the year at $20,954,500 or 3.0%
under the prior fiscal year’s actual receipts. Fiscal Year 2009-10 Budget is based on receipts
remaining flat at Fiscal Year 2008-09 levels.
General Fund Expenditures and Transfers Out
General Fund expenditures and transfers out total $76,871,267 for the Fiscal Year 2009-10 budget,
a decrease of 4.0% from the Fiscal Year 2008-09 budget.
2009-10
Approved
$76,871,267
2008-09
Budget
$80,098,545
Public S afety
62.9%
Public S afety
60.4%
S timulus
Program
0.1%
S timulus
Program
0.2%
Cultural &
Leisure
19.1%
General Govt.
1.7%
Transfers
1.5%
Development
17.1%
General Govt.
0.1%
De ve lopme nt
16.9%
Cultural &
Leisure
19.0%
Transfers
1.0%
City of Carrollton
General Fund Expenditures and Transfers Out
Increases/Decreases from the FY 2009 Budget
General Fund Function
General Government(1)
Public Safety
Cultural and Leisure
Development
Stimulus Program
Transfers Out (2)
Total
FY 2010
Budget
Amount
$
37,827
48,325,510
14,597,922
12,980,234
100,000
829,774
$76,871,267
% of Total
0.1%
62.9%
19.0%
16.9%
0.1%
1.0%
100.0%
Change from
FY 2009
Budget
($1,315,941)
(45,071)
(664,946)
(707,219)
(100,000)
(394,101)
($ 3,227,278)
% Change from
FY 2009
Budget
(97.2%)
(0.1%)
(4.4%)
(5.2%)
(50.0%)
(32.2%)
(4.0%)
(1)
The decrease in General Government is due to the fact that a compensation increase has not been
budgeted in Fiscal Year 2009-10. The pool for compensation increases is budgeted annually in the
General Government Non-Departmental business unit and reallocated during the mid-year reestimate process during the next budget preparation cycle.
(2)
In keeping with its financial policies, the City programs fund balance that exceeds its 60-day
target as a transfer out to the Capital Projects Funds for non-recurring purposes in the current year.
SPECIAL REVENUE FUNDS
The Special Revenue Funds account for the accumulation and disbursement of restricted resources.
Special Revenue Funds consist of the Hotel/Motel Tax Fund, Digital Mapping Fund, Court Security
Fund, Juvenile Case Management Fund, Public Safety Grants Fund, Confiscated Assets Fund,
Utility Rate Review Fund, and General Special Revenue Fund.
GENERAL DEBT SERVICE FUND
The General Debt Service Fund accounts for the accumulation of resources for and the payment of
general long-term debt principal and interest. Debt service revenues consist primarily of ad valorem
taxes with a small amount of interest income. Taxes levied for debt service cannot be used for any
other purpose.
The projected Fiscal Year 2009-10 General Obligation debt service will require a debt service tax
rate of $.202181 per hundred dollars of value. Beginning Fund Balance of $4,818,596 represents
26% of projected debt service and is well in excess of the industry benchmark of 10% to 15% of
annual debt service. The City will use this excess fund balance to smooth debt service impacts over
future years by gradually drawing down fund balance to the recommended levels.
City of Carrollton
ENTERPRISE FUNDS
The Enterprise Funds account for operations that are financed and operated in a manner similar to
private business enterprises. The intent of the City is that the costs of providing the goods and
services to the public will be financed through user charges. The enterprise funds of the City are the
Utility Fund, Golf Course Fund and the Solid Waste Fund.
UTILITY OPERATING FUND
Utility Operating Fund Revenues
2008-09
Budget
$35,566,700
2009-10
Approved
$34,943,591
Water Sales
62.1%
Water Sales
62.0%
Rate
Increase
1.9%
Other
4.4%
Sewer Sales
33.5%
Other
3.1%
Sewer Sales
33.0%
Budgeted revenues include miscellaneous fee increases totaling $159,660. Water and Sewer
revenues are projected to decline by 2% in 2010 due to the loss the top water customer. Current
budget projections show a need for Water and Sewer rate increases totaling $687,005 to maintain
reserve fund targets. Additionally, the Multi-year Budget projections showed the need for an 8%
increase in Fiscal Year 2010-11. Due to the seasonality of water revenues, staff recommends that
the rate increase be evaluated in the Fall after the revenues from the crucial summer months is
known. Based on current budget projections, a 3%-4% rate increase will be needed effective
January 1, 2010.
City of Carrollton
Utility Operating Fund Expenditures and Transfers Out
2009-10
Approved
$36,705,411
2008-09
Budget
$35,731,785
Pe rsonne l
Se rvice s
7.8%
Pe rsonne l
Se rvice s
8.1%
Transfe rs
25.3%
Transfe rs
25.9%
Capital
O utlay
0.1%
Supplie s &
Se rvice s
52.1%
Allocations
10.4%
Utilitie s
3.4%
Allocations
9.8%
Supplie s &
Se rvice s
54.3%
Utilitie s
2.8%
Transfers Out in Fiscal Year 2009-10 include:
Payment in lieu of taxes to the General Fund, calculated as an estimate of what the Utility
Fund would pay to the City in ad valorem and franchise fees if it were a separate entity.
Transfers to the Utility Debt Service Fund to cover debt service payments.
A transfer to the Administrative Services Fund to cover the allocated overhead charges
related to Utility Debt Service and Capital Projects.
A transfer to the Capital Projects Fund for pay-as-you-go capital improvements.
The Utility Fund is budgeted to have $8,079,162 in ending operating funds or 90 days of operating
expenditures for Fiscal Year 2009-10. Financial standards for this fund call for a fund balance of
90 days of operating expenditures.
City of Carrollton
GOLF COURSE OPERATING FUND
As a result of the course management contract with EAGLE Golf, the structure of revenues and
expenditures at Indian Creek Golf Course changed beginning in Fiscal Year 2005-06. Revenues are
now based on a set schedule of percentages of total revenue, which are to be paid by EAGLE Golf
to Carrollton. EAGLE Golf makes monthly payments to the City for the use of maintenance and
fleet equipment, kitchen equipment, audio visual equipment and technology items such as
computers, phones and radios.
For Fiscal Year 2009-10, the Golf Course revenue is projected to cover all operating and debt
service costs as well as provide some funding for capital improvements. The ending fund balance
in the operating fund for Fiscal Year 2009-10 is $206,788 which represents 50% of annual debt
service.
SOLID WASTE OPERATING FUND
Residential solid waste services were outsourced on September 29, 2003. Commercial solid waste
accounts were sold and apartment collections were outsourced during the first quarter of Fiscal Year
2003-04. The Solid Waste Operating Fund budget reflects revenues and expenditures related to the
outsourced operations of residential and apartment collections.
Fiscal Year 2009-10 is projected to end the year with a $352,833 fund balance to be used for
unforeseen collection and clean up needs that may occur.
INTERNAL SERVICE FUNDS
Internal Service Funds account for the financing of goods and services provided by one City
department to another. The City has four internal service funds: Fleet Services, Risk Management,
Administrative Services and Employee Health and Disability.
FLEET SERVICES
For Fiscal Year 2009-10, Fleet revenues are projected at $3,301,560, a decrease of 13.3% from
Fiscal Year 2008-09. This change is primarily due to decreases in fuel charges and also due to
adjustment of service levels. Ending fund balance is projected at $300,000.
RISK MANAGEMENT
The Risk Management Fund accounts for the City’s workers compensation, general liability,
property and casualty claims and outside legal expenses. This fund is estimated to finish the 200910 Fiscal Year with a fund balance of $3,232,827, a 10.8% increase over Fiscal Year 2008-09.
City of Carrollton
ADMINISTRATIVE SERVICES
The Administrative Services Fund accounts for all of the operating expenditures of the general
administrative departments (i.e. City Managers Office, Finance, Human Resources, Information
Technology and City Attorney). Funding is provided by an allocation of costs to the user
departments based on a detailed cost allocation plan.
The Administrative Services Fund is projected to end Fiscal Year 2009-10 with a fund balance of
$1,232,169 or 30 days of operating expenditures.
EMPLOYEE HEALTH AND DISABILITY
There are two primary components to the Employee Health and Disability Fund: Employee Health
and Retiree Health. Disability benefits also paid from this fund are relatively minor compared to
the other activities. Ending operating funds of $11,395,527 is considered necessary due to the
volatile nature of health care expenditures and in recognition of the long-term liability that the City
has for retiree health (Governmental Accounting Standards Board Statement 45 Accounting and
Financial Reporting by Employers for Post Employment Benefits Other Than Pensions). The
accrued actuarial liability in accordance with GASB45 is $5.6 million.
CAPITAL FUNDS
The Capital Project Funds account for financial resources used for the acquisition or construction of
major capital facilities. Capital Project Funds consist of General Capital, Community Development,
Parks, Streets, Drainage, Traffic, Tax Increment Financing Reinvestment Zone, Utility and Golf
Course Funds. These funds are budgeted on a multi-year basis as the project expenditures normally
cross over fiscal years. The budgets presented include only new projects to be budgeted. Specific
features of the Fiscal Year 2009-10 Capital Budget are listed below. For additional capital projects
funded by available capital funds, see the capital projects budgets section.
G.O. Bond issuance of $18,505,000 with funding for the following projects:
Public Safety Project
$
40,000
Facilities Projects
200,000
Retail Rehabilitation Projects
800,000
Parks and Recreation Projects
1,530,000
Streets Projects
11,650,000
Drainage Projects
3,905,000
Traffic Projects
380,000
$ 18,505,000
City of Carrollton
Projects funding with Community Development Block Grant (CDBG):
Grant Administration
People Helping People
Enhanced Code Enforcement
N.O.T.I.C.E. – Park Place Phase II
American Recovery & Reinvestment Act
“Pay as you go” projects:
Water and Sewer Line Rehabilitation
Street Rehabilitation/TOD Dedicated Tax
$82,525
30,000
59,975
697,372
212,536
$1,082,408
$3,965,000
3,147,517
$7,112,517
Neighborhood Partnership funding will provide $2,143,909 for the N.O.T.I.C.E. program and other
infrastructure improvement projects.
Other Projects exceeding $100,000 funded with non-recurring sources and available cash:
Transit Oriented Development
$132,801
Cable Franchise Funded Projects
294,557
Lawson Upgrades
205,000
Technology Replacements
150,000
Park Pro-rata Fee Projects
166,230
Old Denton Road
300,000
Plano Parkway
1,500,000
Frankford Road
2,500,000
Additional Water and Sewer Rehabilitation
1,280,000
Golf Course Improvements
235,000
City of Carrollton
Budget Preparation Calendar
March 24
Tuesday
Multi-Year Budget Presentation
City Council
Budget Team
April 1
Wednesday
Budget Kick-Off Meeting
All Departments
April 22
Wednesday
Personnel and IT Requests Due
All Departments
May 1
Friday
Budget Requests Due
All Recommended Fee Changes Due
All Departments
May 4 – June 5
Data Entry / Technical Review
Executive Team
Budget Team
May 21
Thursday
Preliminary Tax Roll Due
Appraisal Districts
May 29
Friday
Budget Allocations Due (Risk, Fleet & Utilities)
Budget Team/Risk/
Fleet Services
June 17 & 24
Executive Team Budget Review
Executive Team
Budget Team
June 29 – July 31 Prepare Preliminary Budget
Budget Team
July 24
Friday
Certified Tax Roll Due
Appraisal Districts
July 31
Friday
City Council Preliminary Budget Packet Distributed
Budget Team
August 4
Tuesday
City Council Work Session – Preliminary Budget
Deliberation
City Council
Budget Team
City of Carrollton
August 12
Wednesday
Publication of Effective Tax Rate Notice
Local newspaper
August 18
Tuesday
City Council Work Session – Proposed Budget
City Council
Deliberation
Budget Team
Vote Setting Proposed Tax Rate, Public Hearing Dates
and Date for Approval of Proposed Tax Rate and Budget
August 19
Wednesday
Publication of “Notice of Budget Public Hearing”
Local newspaper
September 1
Tuesday
Public Hearing on Proposed Budget
City Council
Budget Team
September 15
Tuesday
Adopt Budget and Tax Rate
City Council
City of Carrollton
2009 Tax Base Comparison
MCOS
Rank
City
1
Farmers Branch
2
Addison
(1)
28,800
4,019,807,491
15,300
Per
Capita
Sales Tax
12,660,000
139,577
440
1.79
2.39
0.49450
12,129,560
243,453
793
3.11
4.31
0.45350
2009 Budgeted
(2)
Sales Tax
2008 Assessed Value
Certified Roll
Population
3,724,826,923
Per Capita
Per
Ratio
Capita
Assess.
Ratio
Value
Sales Tax
Per Capita
Assessed
Value
Total Tax
(3)
Rate
3
Plano
(1)
4
Frisco
(1)
97,600
13,416,512,783
20,708,100
137,464
212
1.76
1.15
0.45000
5
Irving
(1)
210,200
18,206,358,651
48,064,667
86,614
229
1.11
1.24
0.54060
Lewisville
(1)
82,900
6,741,097,623
15,095,269
81,316
182
1.04
0.99
0.44021
Carrollton
(1)
120,600
184
1.00
1.00
0.617875
8
Allen
(1)
78,900
6,924,054,818
12,207,748
87,757
155
1.12
0.84
0.55600
9
Arlington
(1)
369,200
17,747,246,813
27,556,088
48,069
75
0.62
0.41
0.64800
10
Coppell
6
7
260,900
25,193,752,989
58,410,271
96,565
224
1.24
1.22
0.47350
$
9,426,098,236
$
22,132,700
$
78,160
$
39,600
4,726,928,980
11,371,930
119,367
287
1.53
1.56
0.64146
Mesquite
(1)
137,600
6,592,778,156
25,400,000
47,913
185
0.61
1.01
0.64000
12
Richardson
(1)
97,500
9,914,847,711
23,909,818
101,691
245
1.30
1.33
0.57516
13
Grand Prairie
(1)
166,700
10,587,915,667
21,529,327
63,515
129
0.81
0.70
0.669998
14
McKinney
118,200
10,256,312,857
18,874,000
86,771
160
1.11
0.87
0.58550
15
Dallas
1,300,400
85,994,302,982
236,134,862
66,129
182
0.85
0.99
0.74790
16
Denton
106,100
6,291,359,112
21,528,702
59,297
203
0.76
1.10
0.66652
17
Garland
228,500
15,614,385,067
23,098,870
68,334
101
0.87
0.55
0.69960
18
Fort Worth
702,900
39,193,175,739
104,536,265
55,759
149
0.71
0.81
0.85500
19
The Colony
39,900
2,133,752,344
3,096,000
53,478
78
0.68
0.42
0.69000
4,201,800
296,705,514,942
718,444,177
---
---
11
Total - All Cities
(1)
---
---
Avg. - All Cities
---
---
---
90,591
222
Weighted Avg.
---
---
---
70,614
171
---
---
---
2008 Weighted Avg.
---
---
---
67,899
159
---
---
---
Notes:
(1) Reflects cities with homestead exemption.
(2) The sales tax figures have been adjusted to reflect a 1% sales tax rate.
(3) Avg. - All Cities is the average tax rate, weighted by population.
1.16
1.21
--0.68506
City of Carrollton
TOTAL ANNUAL
CHARGE
COMBINED WATER &
SEWER
ANNUAL SANITATION
CHARGE (7)
0.0825
866
0.0825
181
1,705
834
0.0825
130
1,730
813
0.0825
219
1,794
776
0.0825
-
144
1,819
905
0.0800
-
234
1,872
773
0.0825
186
1,985
793
0.0825
28,800
$
175,000
0.80
0.49450
20%
1.00% $
692
$ 552
$ 306
Addison
15,300
$
175,000
0.80
0.45350
20%
1.00%
635
398
468
3
3
Plano
260,900
$
175,000
0.80
0.47350
20%
1.00%
663
328
506
4
4
Frisco
97,600
$
175,000
1.00
0.45000
0%
2.00%
788
478
335
5
5
Irving
210,200
$
175,000
0.80
0.54060
20%
1.00%
757
476
300
6
7
Lewisville
92,900
$
175,000
1.00
0.44021
0%
1.25%
770
502
403
7
6
Carrollton
120,600
$
175,000
0.80
0.617875
20%
1.00%
865
474
299
8
9
Allen
78,900
$
175,000
1.00
0.55600
0%
2.00%
973
422
371
9
8
Arlington
369,200
$
175,000
0.80
0.64800
20%
1.75%
907
413
530
33
135
2,018
943
0.0800
10
11 Coppell
39,600
$
175,000
0.95
0.64146
5%
1.75%
1,066
503
360
12
203
2,144
863
0.0825
137,600
$
175,000
1.00
0.64000
0%
2.00%
1,120
525
329
0.0825
97,500
$
175,000
1.00
0.57516
0%
1.00%
1,007
533
455
166,700
$
175,000
0.99
0.669998
1%
1.75%
1,161
464
398
14 Mesquite
10 Richardson
13
13 Grand Prairie
14
12 McKinney
15
15 Dallas
16
17
HOMESTEAD
EXEMPTION
POP. (2)
CITY
11
12
$
-
$
27
42
33
36
42
-
SALES TAX
ANNUAL SEWER
(4)
CHARGE
Farmers Branch
2
CITY SALES TAX
RATE
1
2
TAX RATE
1
VALUE (3)
ANNUAL WATER
CHARGE (4)
ANNUAL DRAINAGE
CHARGE (5) (6)
$ 858
1,641
PY RANK
ANNUAL PROPERTY
TAXES (3)
$ 1,550
140
OVERALL RANK (1)
HOMESTEAD VALUE
Residential Municipal Cost of Service Cost Comparison
182
2,192
854
214
2,209
988
0.0825
180
2,245
862
0.0825
118,200
$
175,000
1.00
0.58550
0%
2.00%
1,025
558
450
33
200
2,266
1,008
0.0825
1,300,400
$
175,000
0.80
0.74790
20%
1.00%
1,047
455
545
48
270
2,365
1,000
0.0825
17 Denton
106,100
$
175,000
1.00
0.66652
0.5%
1.50%
1,133
552
425
65
225
2,400
977
0.0825
16 Garland
228,500
$
175,000
0.92
0.69960
8%
1.00%
1,126
463
632
29
235
2,485
1,095
0.0825
18
18 Fort Worth
702,900
$
175,000
0.80
0.85500
20%
1.00%
1,197
531
476
68
296
2,567
1,007
0.0825
19
19 The Colony
39,900
$
175,000
1.00
0.69000
0%
2.00%
1,208
673
674
30
231
2,816
1,347
0.0825
AVERAGE: $
955
$ 489
$ 435
$
26
$ 190
$ 2,095
$ 924
MEDIAN: $
1,007
$ 478
$ 425
$
30
$ 200
$ 2,144
$ 866
Notes:
(1)
Ranking based on Total Annual Charge.
(2)
Population estimates, obtained from the annual NCTCOG population estimates, rounded to the nearest 100.
(3)
Annual Property Taxes calculated based on average Carrollton residential homestead value of $172,637.
(4)
Water & Sewer = Average residential consumption of 10,000 gallons from September to May and 20,000 gallons from
June to August. Fort Worth purchases based on a per 100 cubic foot rate, using the consumption level that would yield
10,000 gallons and 20,000 gallons during the same periods listed above.
(5)
Drainage fees for Dallas are based upon lot size. Used 9,000 sq.ft. as the average lot size.
(6)
Drainage fees for Denton are based on square footage of impervious surfaces. Used an
(7)
average of 2,001 to 3,000 square feet of impervious surface for the purposes of calculation.
Residential sanitation charge including sales tax.
City of Carrollton
Organizational Chart
Carrollton Citizens
City Council
Advisory Boards &
Commissions
Municipal Judge &
City Attorney
City Manager
Director of Competition
City Secretary/Administrative
Services Manager
Marketing Services Director
Organizational Development
Resolution Center
Assistant
City Manager
Parks &
Recreation
Assistant
City Manager
Assistant
City Manager
Development Services
Leisure Services
Building Inspection
Athletics
Planning
Parks Maintenance
Finance
Accounting
Tennis Center
Budget & Mgt. Analysis
Economic
Development
General Services
Library
Internal Audit
Engineering
Purchasing
Workforce
Services
Treasury
Public Works
Information
Technology
Utility Customer Service
Water Production
Streets
Water Distribution
Facility
Services
Traffic
Wastewater Collection
Meter Repair Services
Fleet
Services
Drainage
Municipal
Court
Utility Concrete Repair
Fire
Golf
Operations
Solid Waste
Risk
Management
Support Services
Police
Management Services
Operations
Investigative Services
Environmental
Services
Animal Services
City of Carrollton
Business Unit Listing
GENERAL GOVERNMENT
PUBLIC SAFETY
101001—City Council
102001—City Manager
103001—Resolution Center
104001—Organizational Development
111001—General Fund Non-Dept
111002—Utility Fund Non-Dept
111003—Admin Services Fund Non-Dept
121001—City Attorney
171001—Marketing Services
141001—Municipal Court
141002—Municipal Court Judge
201001—Police Management Services
202001—Police Investigative Services
203001—Police Operations
204001—Police Victim Assistance
232001—Fire Operations
233001—Fire Support Services
261001—Environmental Health
263001—Animal Control
ADMINISTRATION
DEVELOPMENT SERVICES
131001—Workforce Services
143001—Accounting
144001—Utility Customer Service
142001—Risk Management
142002—Risk Self Insurance
145001—Purchasing
145002—General Services
146001—Finance Administration
147001—Budget & Management Analysis
151001—Information Technology
161001—Facility Services
571001—Fleet Services
575190—Water/Sewer Fleet Replacement
575390—Golf Fleet Replacement
576190—General Fleet Replacement
CULTURAL AND RECREATION
321001—Library
351001—Parks Administration
352001—Leisure Services
352002—Tennis Center
353001—Parks Maintenance (Contract)
353002—Parks Maintenance (Non-Contract)
354001—Athletics
521001—Golf Course
401001—Public Works Administration
402001—Streets
403001—Drainage
404001—Traffic Operations
405001—Water Production
405002—Water Distribution
405003—Wastewater Collection
405004—Meter Repair Services
405005—Utility Concrete Repair
411001—Planning
412001—Transit Oriented Development
421001—Economic Development
431001—Transportation Engineering
432001—Engineering
441001—Building Inspection
531001—Solid Waste
531002—Solid Waste Residential
531003—Solid Waste Commercial
City of Carrollton
Municipal Fund Structure
The City of Carrollton uses governmental and
proprietary fund types to account for its activities.
All fund structures and accounting standards of
the City used for financial reporting are in
compliance with generally accepted accounting
principles (GAAP) for local governments as
prescribed by the Governmental Accounting
Standards Board (GASB) and other recognized
professional standards. However, for budgeting
purposes the City’s activities are budgeted within
four major groupings: operating funds, debt
service funds, fleet replacement, and capital
project funds. While we conduct a unified
municipal operation, the Annual Budget is a
combination and summarization of the planned
activity of various separate and distinct funds.
The budgeted expenditures are prepared on an
encumbrance basis with expenditures being
considered incurred for budget purposes when the
goods or services are first contracted. Debt
service payments are budgeted on a cash basis.
Budgeted expenditures for self-insured risk
claims include the actuarially required reserves
for claims incurred. Revenues are budgeted
consistent with GAAP basis. The difference
between budget and GAAP basis is particularly
notable for the proprietary funds. For financial
reporting purposes, each proprietary fund is
accounted for in a single combined fund. For
budget purposes, however, each proprietary fund
can be comprised of one of the four fund types
discussed above.
The City's budget structure utilizes sixteen (16)
funds to budget for the operating programs of the
City: General Fund, Hotel/Motel Tax Fund,
Digital Mapping Fund, Court Security Fund,
Juvenile Case Management Fund, Public Safety
Grant Fund, Confiscated Assets Fund, Utility
Rate Review Fund, General Special Revenue
Fund, Utility Fund, Golf Course Fund, Solid
Waste Fund, Fleet Services Fund, Risk
Management Fund, Administrative Services
Fund, and Employee Health and Disability Fund.
Three funds are utilized to budget for debt
service. These are identified as General Debt
Service - for property tax supported debt, Utility
Debt Service - for Water and Sewer Revenue
supported debt and Golf Course Debt Service for golf course funded debt.
Three funds are utilized to budget for fleet
replacement: Utility Fleet Replacement Fund,
Golf Course Fleet Replacement Fund and
General Fleet Replacement Fund.
Capital Project Funds: budget for the capital
improvement projects are included in eight funds.
These capital project funds are General
and
Public Safety Fund, Community Development
Fund, Parks Fund, Streets Fund, Drainage Fund,
Traffic Fund, Tax Increment Zone Fund, Utility
Fund, and Golf Course Fund.
City of Carrollton
Financial Standards
The Carrollton City Council first adopted
the following financial standards in August
of 1985.
Operating Funds Standards
Current operating expenditures will not
exceed current locally generated revenues.
Comment: Generally, the city should not, in
any given fiscal period, spend more than it
reasonably expects to receive in income.
Excess cash balances should be reserved
for unforeseen emergencies and capital
expenditures of a non-recurring nature.
Routine replacement of capital equipment
should be treated as an operating expense
for purposes of this standard.
Bonded debt will not be used to fund
current expenditures.
Comment: Long-term debt should only be
used to finance assets with useful lives
equal to or greater than the term of the debt.
Exceptions to this general rule are the
initial outlays for equipment, fixtures,
furniture, etc., required for a new facility.
It is also appropriate to capitalize certain
operational costs, such as engineering or
architectural design, as a part of a facilities
construction cost. The payment of legal
and fiscal fees associated with a bond issue
out of the proceeds of the sale is also
appropriate.
Enterprise fund revenues will be sufficient
to cover all costs of providing service
including indirect cost allocations.
Comment: The city of Carrollton maintains
separately a Utility Fund, a Golf Course
Fund and a Solid Waste Fund to finance
these operations. Each should be self-
supporting from revenue sources dedicated to
their use. Transfers out of these funds to the
General Fund are budgeted annually to cover the
costs of services through a prescribed and
established allocation (such as supervision,
financial administration, data processing, payroll
and benefits management).
Debt Management Funds Standards
No capital project or asset will be financed for a
period in excess of the useful life of the asset.
Comment: The city should not pay for any
project or equipment item from which it no
longer derives benefit or use.
Debt service on net direct debt will be monitored
towards a goal of 20-30% of operating revenues.
Comment: Net direct debt is that portion of the
City’s long-term obligations that are supported
by ad valorem tax revenues. Debt that is selfsupporting with a pledged non-tax revenue
source is excluded from this definition (i.e.,
Water & Sewer Revenue Bonds). A debt service
requirement has the first claim on tax receipts
and if that requirement demands a significant
amount of total operating revenues, then
expenditure flexibility will decline and may
affect the City’s ability to fund operational
programs.
The City will maintain good communications
with bond rating agencies about its financial
condition. The City will follow a policy of full
disclosure on every financial report and bond
prospectus.
Where possible, the City will use special
assessment, revenue, or other self-supporting
bonds instead of general obligation bonds.
The City will not use long-term debt for current
operations.
City of Carrollton
Financial Management and Practices
The City will make all capital
improvements in accordance with an
adopted capital improvement program.
The City will develop a multi-year plan for
capital improvements and update it
annually.
Fund
General
Utilities
Golf
Solid Waste
Risk
Fleet
Target
60 days of operating
expenditures
90 days of operating
expenditures
50% of annual debt service
$200,000
1 year of claims net of
recoveries
Break-even
The City will enact an annual capital
budget based on the multi-year capital
improvement plan.
Informal Financial Policies
Development of the capital improvement
budget will be coordinated with
development of the operating budget.
The following financial policies have been
followed by the city for many years and have
been regularly included in the Bond Rating
Presentation but have not been formally adopted
by the City Council.
The City staff will identify the estimated
costs and potential funding sources for
each capital project proposal before it is
submitted to the Council for approval.
The Carrollton City Council adopted the
following financial standards in February
of 2002, and amended them in August of
2006.
Operations to Debt Ratio: Construction of City
assets
typically involves a significant
commitment to maintain and operate.
Accordingly, the City strives to maintain balance
in its taxing structure reserving no more than
40% of the tax levy for servicing debt
obligations.
Compliance
Target Fund Balance:
It is the desire of the City to maintain
adequate Fund Balances to maintain
liquidity and in anticipation of economic
downturns. With this in mind, every effort
is made to maintain established Target
Fund Balances as follows:
Staff has made every effort to comply with these
policies in their entirety and it is our belief that
the budget meets all legal and policy
requirements.
City of Carrollton
Contingent Budget
Planning
The Carrollton City Council adopted the
following policy on June 17, 2003.
Statement of Need
In accordance with the City Charter,
Carrollton adopts annual operating budgets
and multi-year capital budgets each year at
least 10 days prior to the beginning of the
new fiscal year. Historically, the city has
used a “conservative but realistic” approach
to revenue forecasts.
This approach
forecasts a potential range for revenue
growth using historic and other known
factors for each revenue type and typically
utilizes for budget purposes projections at
the lower to middle of the range. In recent
years, both the national and regional
economy have become increasingly volatile
combined with state legislative proposals
affecting local government revenue sources
have increased the probability that the city
will experience revenue shortfalls in
upcoming budgets. In addition, natural
disasters including tornados and flooding as
well as terrorism and other events could
increase required expenditures in the middle
of a budget year without warning.
Guiding Principles
The City Council of the City of Carrollton
hereby adopts the following principles for
addressing budget contingencies. These
principles are intentionally general in nature
to allow flexibility in addressing the wide
range of possible budget shortfalls.
A)
The revenues and expenditures for
all major funds of the city will be monitored
and reported on a monthly basis to both
management and city council including an
analysis of whether projected revenues and
expenditures are expected to end the year
within budget. The City Manager will be
ultimately responsible for determining when
a projected shortfall requires corrective
action.
Corrective action will be
implemented within the guidelines below
and may include a variety of measures that
should produce both short and long term
savings to the city.
B)
The Strategic Goals as developed by
the City Council each year will serve as the
guidelines for making needed budget cuts.
“Across the board” cuts which assign the
same budget reduction target to all the
operations of the city will be avoided if
possible.
C)
Current Financial Policies as adopted
by the City Council and included in the
annual budget will remain in effect until
changed by the City Council. Fund Balance
targets will not be reduced simply to balance
the budget during a time of economic
downturn.
Exceptions to the financial
policies will continue to be reported along
with the plan for eliminating the exception
as part of the annual budget process.
D)
Utilizing fund balances to respond to
a sudden, unanticipated natural disaster is an
acceptable use of fund balance. In this
situation, the next adopted budget should
include a plan for rebuilding fund balances
to levels required by the city’s financial
policies.
E)
Deferring needed maintenance to the
city’s equipment, buildings or infrastructure
is not an acceptable budget balancing
strategy. Although plans to significantly
improve infrastructure condition maybe
delayed, current pay as you go programs and
operating
expenditures
should
be
maintained.
City of Carrollton
F)
All new operating or capital
programs of the city regardless of whether
the economy is expanding or in recession
should be reviewed to determine if the
program adds to the sustainability of the
city.
Sustainability has many aspects
including adding to the tax or economic base
of the city, minimizing future maintenance
and operating costs and sufficiently
maintaining the currently owned assets
before adding new ones.
G)
City Management should be careful
to take advantage of opportunities provided
during economic downturns. For example,
facilities/ infrastructure that meet the city
council’s strategic goals and are determined
to add to the sustainability of the community
should be accelerated if lower interest rates
and lower construction costs would produce
savings to the city while maintaining fund
balance and other financial policy
requirements.
City of Carrollton
Description of Revenue
Sources and Expenditure
Types
Penalty and Interest On Taxes - Citizens who do not
pay their taxes by the date they are due must pay a
penalty plus interest from the delinquent date to the
date paid. The fee is set by the Texas Property Tax
Code.
REVENUE SOURCES
FRANCHISE FEES
The following provides a description of the major
revenue sources for the City’s major operating funds
and the assumptions used to project these revenues for
the budget. Most projected revenues are based on
historical data with increases due to growth factors and
any planned rate increase.
GENERAL FUND
TAX REVENUES
Ad Valorem Tax - This is the largest single source of
revenue. It commonly refers to the property tax on real
and personal property.
For property owners, this is the most noticeable of all
City revenues. This tax is used because a majority of
services provided by the City is a public good and is
not divisible or chargeable as a service to individual
persons. For instance, the Carrollton Fire Department
provides services to all citizens. Because of its public
good status, it is not practical for the fire department to
request payment from only those persons to whom
they provide service.
The City must base its ad valorem tax rate on the
certified role provided by the Dallas, Denton, and
Collin Central Appraisal Districts. Thus, the only
variables set by the City are the collection and tax
rates. This collection rate is set at 98% based on
Carrollton's historically high collection rate.
Sales & Use Taxes - These taxes are collected by
businesses and remitted to the State Comptroller's
Office for the sale of goods and services within the
City of Carrollton. The State returns the portion
designated for the City.
Aggregate historical data, adjusted for any known
changes to the base, is used to project future sales tax
revenues.
Franchise Fees - In Carrollton, this category refers to
the franchise fees charged to specific industries
conducting business within the City. Utilities (electric,
telephone, gas and cable) that operate within the City
pay this fee for their use of the City's right-of-way to
run their utility lines. The heavy refuse trucks of
private solid waste haulers contribute to the
deterioration of Carrollton’s streets while they conduct
their business. Because of this, they pay this fee to
cover their share in the cost of maintaining
Carrollton’s streets.
Projections are based on population increase and
projected utility use. However, use can be affected by
abnormal weather conditions and is therefore difficult
to project.
LICENSES AND PERMITS
Permits - Building permit revenue is collected by the
Building Inspection Department for city services
related to construction activity. It includes project
permits which cover all parts of construction
(electrical, plumbing, and mechanical permits and
certificate of occupancy fees), specific permits (fences,
electric, plumbing, etc.) and service fees (reinspections, special inspections and special services).
Licenses and Miscellaneous - This revenue source is
also collected by Building Inspections. It includes
contractor registration, master electrician license,
journeyman electrician license, annual permits, and
homebuilder directional signs. It also includes the sale
of copies of ordinances and codes and filing fees.
Environmental Health - This revenue source is
collected by the Environmental Health Department. It
includes fees for mowing and cleaning of property,
pool and spa permits, food service and food manager
permits and certifications, inspections and reinspections and temporary permits.
City of Carrollton
Pollution Control - This revenue source is collected
by Environmental Health. It includes permit fees for
industrial spill cleanups, wastewater sampling,
analysis and control, liquid waste hauler permits and
grease trap inspections.
includes rental fees for parties as well as fees for
classes taught at the pools.
Miscellaneous Recreation Fees - This revenue source
includes fees for the use of various city recreation
facilities and Mary Heads Carter Park Pavilion.
CHARGES FOR SERVICES
Public Safety
Fire and Ambulance Contract - This revenue is
obtained from Denton County by contract for the
purpose of providing fire and ambulance service to
persons in designated parts of Denton County that are
outside the City of Carrollton's city limits.
Recreation Program Receipts - This category is
generally for all recreation fees other than swimming
pool fees. Fees include those for racquetball courts as
well as fees for classes taught in conjunction with the
City's recreation program.
Tennis Center Fees - The fee will be charged for use
of the tennis courts. The budget fee is projected based
on estimated fee and usage levels.
Ambulance Fees - This fee represents the revenue
that is earned from providing emergency medical
service to persons in the City. The City provides this
as a service to the community, and these fees only help
offset the cost of providing the service.
Athletic Program Fees - This revenue source is
derived from the scheduling and coordinating of
organized sports league activities such as softball,
soccer, basketball, volleyball, and football.
Fingerprint Fees - This revenue source is from
providing the service of fingerprinting for licenses and
gun permit requirements.
Library Meeting Room Fees – This fee is used to
account for the revenue collected from rental fees for
the meeting rooms at the Carrollton libraries.
Alarm Permit Fees - This revenue source is derived
from persons who have alarm systems in their homes
or businesses.
Library Contract with County - This revenue is a set
amount determined by population, paid by Denton
County, to the City of Carrollton to help fund the
operation of the Public Library servicing Denton
county residents.
False Alarms - The Police Department responds
quickly to emergencies, but false alarms can
detrimentally affect efficiency of the operation of the
Police Department. This fee is assessed to encourage
property owners to reduce false alarms.
Culture and Recreation
Parks Concession Contract - This revenue source is
the funds received from the vendor that provides
concession services at athletic events.
Sports Field Use – The fee will be charged for use of
the sports fields, excluding organized league play.
The budget fee is projected based on estimated fee and
usage levels.
Swimming Pool Fees - This revenue accounts for
admittance fees to the City's swimming pools and all
other revenue brought in by swimming facilities. It
Other Charges For Services
Animal Control Fees - This revenue source consists
of fees for city registration of pets, pet license tags,
adoptions and boarding fees, stray animal pickup fees,
euthanasia of animals and rabies testing.
Fire Hydrant/Street Markers - Developers pay the
City for fire hydrants and blue street markers that are
included in the development.
Developer Inspection Fees - These fees, collected by
the Engineering Department, offset costs of inspection
services provided by the City's engineering inspectors
to developers. Inspections are done to ensure that
construction meets the City's standards for water,
sewer and drainage.
City of Carrollton
Planning Fees - These fees, collected by the Planning
Department, are for persons needing the services of the
City's Planning staff. Their services include zoning
changes, processing information and providing copies
of codes and ordinances.
MISCELLANEOUS REVENUE
Small amounts of revenue received that do not fall into
another category, such as rental income and auction
proceeds on miscellaneous assets.
FINES AND FORFEITURES
TRANSFERS IN
Consist of moneys transferred from another fund to the
General Fund for specified projects or obligations.
Municipal Court Fines - These fines are levied by the
Judge for misdemeanor offenses occurring within the
City of Carrollton.
UTILITY FUND
Dismiss Fees - These fees are collected on certain
dismissals and on cases placed on a deferral program.
Warrant Fees/Arrest Fees - These fees are collected
for the service of peace officers issuing citations and
processing warrants.
Child Safety - The child safety cost is collected
pursuant to CCP Article 102.014. The money
collected under this article must be used for a school
crossing guard program.
Traffic - Local - This revenue source is from fines for
traffic violations within Carrollton’s jurisdiction.
Judicial Efficiency - Fees collected from persons on a
payment plan as part of the time payment fee.
Impound Fines - Fines charged for vehicles towed
and housed in the City’s impound lot.
Juvenile Case Management Fee - Fee collected from
persons convicted of a misdemeanor offense.
Water and Sewer Sales and Charges - Utility
Customer Service bills and collects revenue from the
sale of potable water and the disposal of sewage
discharge for residential, commercial, apartments and
mobile dwellings.
Tag Fees - When a customer is delinquent on payment
for water and sewer services, to the point of
termination, a city representative provides an onpremise notification for which a fee is charged.
Industrial Surcharge - This is revenue collected for
the determination of and allowance of specified levels
of organic and solid waste discharges into the waste
water system.
Backflow Prevention Charges - This revenue source
is collected from the registration of backflow
prevention assembly devices and tester registration
fees.
Investment Income - Interest earnings on the cash
and investment balances maintained in the City's
accounts are accumulated in this account.
Library Book Fines - Fines assessed for overdue
books are accounted for in the category.
Miscellaneous - Small amounts of revenue such as
Not Sufficient Funds (NSF) Fees, new service
connection fees and non-emergency response fees.
Charges for Lost Books - Fees to recover costs of lost
materials at the Library.
SOLID WASTE FUND
INVESTMENT INCOME
Interest earnings on the cash and investment balances
maintained in the City's accounts are accumulated in
this account.
Collection Fees – These fees are charged for
residential, commercial and apartment solid waste
collection. This fee covers the cost of collection and
disposal of this waste.
City of Carrollton
FLEET SERVICES FUND
EXPENDITURE/EXPENSE TYPES
Charges for Service - These revenues are paid by the
user departments and customers for repair services
rendered and fuel usage.
The following provides a description of the major
expenditure/expense types for the City’s major
operating funds
Personal Services - Consists of personnel salaries and
benefits.
RISK MANAGEMENT FUND
Charges for Service - This revenue represents
premiums allocations charged to user departments for
risk management claims coverage.
ADMINISTRATION FUND
Overhead Allocation to Operating Departments These funds are charges to the user departments based
on the annual allocation of administrative operating
costs to those units.
Supplies and Services – Supplies consist of those
items necessary for operations including office and
janitorial supplies, postage and couriers, landscape and
chemical materials, food, fuel and supplies for the
repair and maintenance of facilities, vehicles,
equipment, signs and markings, small equipment and
hand tools.
Services consist of payments for
professional
services,
travel
and
training,
memberships, publications, photocopies, general and
legal advertisements, utilities, machinery and
equipment rentals, freight and transportation, internal
vehicle and equipment maintenance charges, risk
management allocation, overhead allocations and the
fleet replacement allocations.
Utilities – Consists of electricity, water, natural gas,
and solid waste services.
Charges for Service - These charges are for sales to
other entities for Information Technology, Human
Resource services and charges to user departments for
printer usage.
Allocations – Consists of overhead, internal overhead,
and risk allocation.
Capital Outlay - Consists of appropriations needed
for furniture and fixtures, and capital equipment.
Typically, these expenditures result in the acquisition
of or addition to fixed assets.
EMPLOYEE HEALTH/DISABILITY FUND
Charges for Service - These charges are employee
and employer premiums for health and disability
coverage.
Cancelled Encumbrances - Consists of the reversal
of expenditures for services or items contracted for in
the prior fiscal year that were never received.
Transfers Out - Consist of moneys transferred to
another fund for specified projects or obligations.
Debt Service - Payment of the principal and interest
associated with general long term debt issuances.
City of Carrollton
Home Rule Charter –
Article IV – Budget
Provisions
during the next budget year and recommended
provision for financing.
SECTION 4.01. FISCAL YEAR.
SECTION 4.03 BUDGET A PUBLIC
RECORD.
The fiscal year of the City of Carrollton shall
begin on October 1 of each calendar year and will
end on September 30 of the following calendar
year. The fiscal year will also be established as
the accounting and budget year.
SECTION 4.02. PREPARATION AND
SUBMISSION OF BUDGET.
The city manager, prior to August 1 of each year,
shall prepare and submit the budget, covering the
next fiscal year, to the council, which shall contain
the following information. In preparing this
budget, each employee, officer, board and
department shall assist the city manager by
furnishing all necessary information.
(1)
The city manager's budget message shall
outline the proposed financial policies for the next
fiscal year with explanations of any changes from
previous years in expenditures and any major
changes of policy and a complete statement
regarding the financial condition of the city.
(2)
An estimate of all revenue from taxes and
other sources, including the present tax structure
rates and property evaluations for the ensuing
year.
(3)
A carefully itemized list of proposed
expenses by fund and service type and project for
the budget year, as compared to actual expenses of
the last ended fiscal year, and an estimate of final
expenditures for the current fiscal year.
(4)
A description of all outstanding bond
indebtedness, showing amount, date of issue, rate
of interest and maturity date, as well as any other
indebtedness referred to in Article V, which the
city has incurred and which has not been paid.
(5)
A statement proposing any capital
expenditures deemed necessary for undertaking
(6)
A list of capital projects which should be
undertaken within the five next succeeding years.
The budget and all supporting schedules shall be
filed with the City Secretary when submitted to
the Council and shall be open to public inspection
by anyone interested.
SECTION 4.04 PUBLIC HEARING
At the Council meeting when the budget is
submitted, the Council shall name the place and
date of a public hearing. The hearing shall be no
less than fifteen days subsequent to the date the
budget is filed as provided in Section 4.03. Public
notice of the hour, date and place of such hearing
shall be published in the official newspaper of the
City not less than five nor more than 15 days
before the hearing. At this hearing, interested
citizens of the City may be present and express
their opinions concerning items of expenditures
and revenue, giving their reasons for wishing to
increase or decrease any item.
SECTION 4.05 THE ADOPTION OF
THE BUDGET
After public hearing, the Council shall analyze the
budget, making any deletions or additions which
they feel appropriate, and shall, at least ten days
prior to the beginning of the next fiscal year, adopt
the budget by a favorable majority vote of all
members of the Council.
SECTION 4.06 BUDGET
APPROPRIATIONS AND TAXATION
On final adoption, the budget shall be in effect for
the budget year. Final adoption of the budget by
the Council shall constitute the official
appropriations as proposed expenditures for the
current year and shall constitute the basis of the
official levy of the property tax as the amount of
tax to be assessed and collected for the
corresponding tax year. Estimated expenditures
City of Carrollton
will in no case exceed proposed revenue plus fund
balance.
Unused appropriations may be
transferred to any item required for the same
general purpose.
reductions in other expenditures or supplemental
revenues to fund such amendments. These
amendments shall be by ordinance, and shall
become an attachment to the original budget.
SECTION 4.07. UNALLOCATED
RESERVE FUND.
SECTION. 4.09. CERTIFICATION;
COPIES MADE AVAILABLE.
When recommended by the city manager and in
the discretion of the council, the budget may
contain a reasonable sum set aside as an
unallocated reserve fund to meet unexpected and
unforeseen contingencies in current operating
costs of any budget service type or project.
A copy of the budget, as finally adopted, shall be
filed with the city secretary, the county clerk of
Dallas, Denton and Collin Counties and the
Carrollton Public Library. The final budget shall
be printed, mimeographed or otherwise
reproduced and sufficient copies shall be made
available for the use of all offices, agencies and
for the use of interested persons and civic
organizations.
SECTION 4.08. AMENDING THE
BUDGET.
In case of grave public necessity, emergency
expenditures to meet unusual and unforeseen
conditions, which could not by reasonable diligent
thought and attention, have been included in the
original budget, may from time to time be
authorized by the council as amendments to the
original budget. Any amendment providing for
additional expenditure shall also provide for
SECTION. 4.10. DEFECT SHALL NOT
INVALIDATE THE TAX LEVY.
Errors or defects in the form or preparation of the
budget or the failure to perform any procedural
requirements shall not nullify the tax levy or the
tax rate.
City of Carrollton
Budget Process
Overview
designed to assist in budget preparation. The
budget process is reviewed each fall and any
improvements or modifications incorporated
during the next year.
BUDGETING FOR OPERATIONS
The budget process is completed in three steps.
Step one is the year-end-estimate for the current
year. This step allows the business unit to project
expenditures for the remainder of the year.
Business units are instructed to begin the process
by preparing estimates for the remainder of the
year. Business units should be as realistic as
possible and should propose estimates that are
anticipated to be spent.
The City of Carrollton utilizes a program
budgeting format based on modified accrual
accounting
with
budgeted
expenditures
considered incurred when encumbered. These
programs are the common work groups of the
organization, and are referred to as business units
or accounting units. Each department consists of
at least one unit.
The City Charter names the City Manager or his
designee as the Budget Officer of the City.
Budget preparation, monitoring, and analysis are
a shared responsibility between the City
Manager's Office and the Finance Department.
The budget planning process begins in the winter
with the preparation of the Multi-Year Budget
and financial projections.
This document
projects the General Fund and the Utility
Operating Fund budgets for a period of five years.
The Multi-Year budget is presented to Council in
a work session in early Spring to confirm the
revenue and expenditure assumptions to be used
in preparing the next year’s annual budget. Staff
receives input from the Council on the directions
of municipal services, and any new initiatives can
be received for budget development.
The formal annual budget process is initiated by
the City Manager's office each spring. A budget
kick-off is scheduled for all managers,
supervisors, employees performing the budget
preparation and others interested in the process.
Carrollton promotes an open forum of budget
preparation
to
enhance
organization
communication. A representative from each
business unit is provided a budget packet. The
budget packet consists of a budget preparation
manual and calendar, a print out of their current
budget with year-to-date expenditures, a current
listing of positions and salaries, a declaration of
their base budget and a proposed budget
expenditure dollar target. This information is
Once end-of-year estimates are completed, the
departments begin preparing their proposed base
budget estimates for the upcoming year. These
estimates are completed by line item and must
meet their dollar target assignments for the
upcoming fiscal year. This step is the proposed
cost for maintaining the current base operation,
and assumes no additional personnel or additional
equipment. This phase uses a series of detailing
sheets and a master summary sheet.
Detailing sheets are requested on certain line
items, in order to document and describe the
assumptions and calculations that comprise the
line item total request. Activities that require any
additional resources to maintain the service due
to growth, new facilities, new equipment, etc., are
considered additions to the base budget, and are
dealt with in a separate phase.
The final step is a review of any proposed new
programs or additions for the next year. This is
defined as any proposed change in program
emphasis, expenditure of funds, allocation of
personnel or equipment that will result in a
change in the level of service currently being
delivered. All requests for new personnel, fleet,
or equipment that represents a net addition to the
operation are considered additions to the base
budget. The business unit will have to describe
the program, itemize all new costs, proposed
personnel, and justify the reason why the request
is needed.
All justification must include
objectives, how the addition relates to their multiyear strategic business plan, and service changes.
City of Carrollton
Each of these additions to the base is prioritized
according to need as perceived by the business
units. Each addition to the base is prepared as a
separate module, to allow for independent
consideration of each, and to allow the mixing of
all requests into a master priority list for
consideration during the remainder of the budget
process.
Concurrent with these three steps, the Finance
Department, in conjunction with affected
departments, prepares year-end estimates of
revenues, and a projection of revenues for the
upcoming year.
Water, wastewater, and
sanitation rate needs are also determined.
Once all departments have firmed up their base
and addition to the base proposals, the Budget
Staff prepares a comprehensive report on all
requested additions to the base. The list is
divided according to one-time capital expenses
(non-recurring)
and
ongoing
(recurring)
programs. The Executive Team reviews this list
and makes recommendations of which items
should be included in the proposed budget.
Management prepares a proposed preliminary
budget and presents it to the City Council prior to
August 1st. The City Council reviews the
proposed budget, provides direction for any
changes and holds an official budget hearing
before the final budget adoption. The budget is
approved according to the City Charter, which
requires that a budget be approved ten days
before October 1st, which is the first day of the
fiscal year. Other budget procedures are also
described in Article IV of the City Charter.
BUDGETING FOR
CAPITAL IMPROVEMENTS
In addition to the requirements to develop, adopt
and implement an annual fiscal budget, the City
Charter also requires for the development of a
Capital Improvements Budget. Accordingly, the
capital budgeting process occurs concurrently
with the budgeting process for operations.
Carrollton has a Capital Improvement Plan
Advisory Committee (CIPAC) comprised of
citizens. This committee plays an important role
in determining the capital budget for the fiscal
year. Carrollton values input from the citizenry
on when, where and what the community’s needs
are.
During the capital budgeting process, the CFO
will determine the available debt capacity for the
upcoming fiscal year. The CFO then holds
several meetings with Department Managers and
CIPAC members to update and prioritize the
Multi-Year Capital Improvements Plan, paying
strict scrutiny to the upcoming fiscal year
priorities. Throughout this process, any impacts
from capital improvements on the operating
budget are determined. The CFO prepares a
proposed Capital Budget for the upcoming fiscal
year, which is presented concurrently with the
proposed operating budget, to the Council for
approval.
BUDGET ADOPTION
The budget is approved through the favorable
passage of two ordinances: the ad valorem tax
rate ordinance and the budget appropriation
ordinance. City Charter dictates that the budget
is appropriated at the fund level, though
administrative control and practice is exercised
more closely at the department and business unit
level. The budget can be amended during the
fiscal year through Council action.
Developed on a program basis, the budget depicts
all services provided by the City and resources
allocated for the provision of these services.
Program priorities for the organization are
developed by the City Council and staff and are
used as major guidelines in the development of
funding recommendations.
The programs
outlined in the budget are implemented by the
various departments and offices within the City.
BUDGET CALENDAR
To ensure the timely preparation of the operating
and capital budgets, a Budget Calendar is
prepared outlining important dates and events.
This calendar is distributed organization wide and
is closely followed during the budgeting process.
City of Carrollton
BUDGET AMENDMENTS
The City Council is permitted by state statute to
amend the Budget Ordinance at anytime during
the fiscal year. The procedure for amending the
budget depends upon the type of change that is
needed. One type of change does not affect the
“bottom line” total for a department. These
changes, mainly transfer dollars from one line
item to another within a department’s operating
budget, or changes between divisions within a
department, may be allowed by the Chief
Financial Officer at the written request of the
department.
The second type of budget amendment brings
about a change in the total appropriation for a
fund. Examples of these changes include but are
not limited to the following:
Funds may be transferred from one business
unit to another with both units being in the
same fund with the Department Director and
the transferring Division Manager approvals.
The following types of budget transfers require
department director approval and additional
approval by the City Manager or an Assistant
City Manager:
An appropriation of contingency reserves.
Any transfers that increase the Finance
Department’s annual budget as a whole.
The Chief Financial Officer or an Assistant
City Manager must approve transfers in the
Accounting and Budget and Management
Analysis business units.
The appropriation of additional funding if
expenditures are projected to exceed current
budget amounts.
The re-appropriation of moneys from one fund
to another when deemed necessary.
Transfers that would increase the Finance
Department’s related capital projects as a
whole.
These types of changes require Council approval
in the form of an ordinance.
All other transfers require the Department
Director and either the Chief Financial Officer’s,
Controller’s or Management Analysts’ approval.
BUDGETARY CONTROLS
The Chief Financial Officer and his staff exercise
budgetary control. A system of internal controls
has been developed to safeguard assets and
ensure timely, accurate financial reporting. In
addition, budgetary controls for all business units
supplement internal controls and are strictly
enforced throughout the organization as a whole.
The following budgetary controls have been
implemented and will be adhered to by all
departments and divisions.
Transfers from the salary accounts require
Department Director, Assistant City Manager
or City Manager approvals.
Funds may be transferred between other
accounts within the same business unit with
Department Director approval.
CITY OF CARROLLTON
FY 2009-10
COMBINED FUND SUMMARY
OPERATING, DEBT SERVICE AND FLEET REPLACEMENT FUNDS
BEGINNING
BALANCE
FUNDS
General Fund
$
12,760,815
+
REVENUES AND
TRANSFERS IN
$
76,658,606
TOTAL
AVAILABLE
=
$
89,419,421
EXPENDITURES
AND TRANSFERS
OUT
=
$
76,871,267
Hotel/Motel Tax
1,247,880
140,000
1,387,880
319,700
Digital Mapping
31,228
3,300
34,528
34,528
ENDING
BALANCE
$
12,548,154
1,068,180
-
Court Security Fund
283,161
72,400
355,561
192,348
163,213
Juvenile Case Management Fund
247,833
112,000
359,833
67,000
292,833
29,734
29,734
29,734
-
Public Safety Grants Fund
-
Confiscated Funds
363,088
4,000
367,088
349,088
18,000
Utility Rate Review Fund
291,510
25,000
316,510
316,510
-
General Special Revenue
22,465
6,100
28,565
28,565
Utility Fund
9,840,982
34,943,591
44,784,573
36,705,411
8,079,162
Golf Course
206,488
1,066,957
1,273,445
1,066,657
206,788
Solid Waste
404,338
7,770,500
8,174,838
7,822,005
352,833
Fleet Services
-
298,897
3,301,560
3,600,457
3,300,457
300,000
Risk Management
3,332,827
1,941,955
5,274,782
2,041,955
3,232,827
Administrative Services
1,469,027
14,892,506
16,361,533
15,129,364
1,232,169
11,462,967
8,282,560
19,745,527
8,350,000
11,395,527
General Debt
4,818,596
18,311,947
23,130,543
18,765,361
4,365,182
Utility Debt
3,230,104
2,938,005
6,168,109
2,935,609
3,232,500
413,575
413,575
413,575
Employee Health and Disability
Golf Debt
-
-
General Fleet
2,017,063
2,223,190
4,240,253
1,994,625
2,245,628
Utility Fleet
1,161,611
341,373
1,502,984
330,321
1,172,663
476,924
33,185
510,109
Golf Fleet
TOTAL ALL FUNDS
$
53,967,804
$
173,512,044
$
227,479,848
$
177,064,080
510,109
$
50,415,768
CITY OF CARROLLTON
COMBINED FUNDS
OPERATING, DEBT SERVICE AND
FLEET REPLACEMENT FUNDS
ACTUAL
BUDGET
ESTIMATE
BUDGET
% CHNG
FY 2007-08
FY 2008-09
FY 2008-09
FY 2009-10
BUD/BUD
$ 17,221,361
$ 14,269,313
$ 14,269,313
$ 12,760,815
Hotel/Motel Tax
1,081,604
1,091,604
1,180,680
1,247,880
Digital Mapping
29,360
32,710
36,433
31,228
(4.53%)
Court Security Fund
321,733
290,233
302,312
283,161
(2.44%)
125,363
187,863
196,333
247,833
31.92%
Beginning Funds
Operating Funds
General Fund
Confiscated Funds
237
591,494
-
391,099
-
10,898
405,910
-
-
(10.57%)
14.32%
0.00%
363,088
(7.16%)
291,510
0.00%
52,417
21,525
28,140
22,465
Utility Fund
10,024,250
10,763,952
11,152,647
9,840,982
(8.57%)
4.37%
Golf Course
335,897
208,388
259,183
206,488
(0.91%)
Solid Waste
485,049
86,805
209,838
404,338
365.80%
Fleet Services
(92,490)
(50,463)
(20,689)
298,897
0.00%
Risk Management
2,758,594
2,918,728
2,975,849
3,332,827
14.19%
2,785,411
8,756,101
1,694,911
10,436,101
1,812,141
10,962,967
1,469,027
11,462,967
(13.33%)
9.84%
44,476,381
42,342,769
43,781,955
42,263,506
(0.19%)
General Debt
5,292,067
4,595,742
4,471,868
4,818,596
4.85%
Utility Debt
3,049,578
3,234,482
3,234,482
3,230,104
(0.14%)
Total Operating Funds
Debt Service Funds
Golf Debt
Total Debt Service Funds
-
-
-
-
0.00%
8,341,645
7,830,224
7,706,350
8,048,700
2.79%
General Fleet
1,894,287
1,040,044
1,975,200
2,017,063
93.94%
Utility Fleet
1,482,685
1,030,326
1,034,318
1,161,611
12.74%
Fleet Replacement Funds
Golf Fleet
Total Replacement Funds
Total Beginning Funds
220,718
354,700
368,526
476,924
34.46%
3,597,690
2,425,070
3,378,044
3,655,598
50.74%
56,415,716
52,598,063
54,866,349
53,967,804
2.60%
CITY OF CARROLLTON
COMBINED FUNDS
ACTUAL
BUDGET
ESTIMATE
BUDGET
% CHNG
FY 2007-08
FY 2008-09
FY 2008-09
FY 2009-10
BUD/BUD
$ 78,116,793
$ 79,573,290
$ 76,813,733
$ 76,658,606
(3.66%)
Hotel/Motel Tax
177,861
170,000
150,000
140,000
(17.65%)
Digital Mapping
7,647
8,000
3,650
3,300
(58.75%)
90,096
88,000
75,300
72,400
(17.73%)
131,492
130,000
117,700
112,000
(13.85%)
116,895
454,006
119,980
29,734
(93.45%)
Confiscated Funds
167,398
15,000
148,672
4,000
(73.33%)
326,510
326,510
25,000
(92.34%)
52.50%
Revenues & Transfers In
Operating Funds
General Fund
Court Security Fund
-
5,430
4,000
9,725
6,100
Utility Fund
35,311,191
35,566,700
34,828,700
34,943,591
(1.75%)
Golf Course
1,265,367
1,336,545
1,212,558
1,066,957
(20.17%)
Solid Waste
5,599,451
7,715,130
7,783,150
7,770,500
0.72%
Fleet Services
3,512,490
3,809,300
3,083,050
3,301,560
(13.33%)
Risk Management
2,307,629
2,183,484
2,093,484
1,941,955
(11.06%)
15,272,153
15,455,226
15,380,226
14,892,506
(3.64%)
9,060,350
8,942,000
8,750,000
8,282,560
(7.37%)
151,142,243
155,777,191
150,896,438
149,250,769
(4.19%)
General Debt
16,204,214
17,335,979
17,110,000
18,311,947
5.63%
Utility Debt
3,114,085
2,941,737
2,941,737
2,938,005
(0.13%)
416,775
412,975
412,975
413,575
0.15%
19,735,074
20,690,691
20,464,712
21,663,527
4.70%
2,384,849
2,625,601
2,346,938
2,223,190
(15.33%)
Utility Fleet
307,388
348,716
295,853
341,373
(2.11%)
Golf Fleet
163,125
149,652
114,690
33,185
(77.83%)
2,855,362
3,123,969
2,757,481
2,597,748
(16.84%)
Total Revenues & Transfers In
173,732,679
179,591,851
174,118,631
173,512,044
(3.39%)
Total Available Funds
230,148,395
232,189,914
228,984,980
227,479,848
(2.03%)
Debt Service Funds
Golf Debt
General Fleet
CITY OF CARROLLTON
COMBINED FUNDS
ACTUAL
BUDGET
ESTIMATE
BUDGET
% CHNG
FY 2007-08
FY 2008-09
FY 2008-09
FY 2009-10
BUD/BUD
$ 81,068,841
$ 80,098,545
$ 78,322,231
$ 76,871,267
Hotel/Motel Tax
78,785
170,000
82,800
319,700
88.06%
Digital Mapping
574
40,710
8,855
34,528
(15.19%)
109,517
378,233
94,451
192,348
(49.15%)
Expenditures & Transfers Out
Operating Funds
General Fund
Court Security Fund
(4.03%)
60,522
70,000
66,200
67,000
(4.29%)
106,234
454,006
130,878
29,734
(93.45%)
Confiscated Funds
352,982
388,099
191,494
349,088
(10.05%)
326,510
35,000
316,510
(3.06%)
29,707
25,525
15,400
28,565
11.91%
Utility Fund
34,182,794
35,731,785
36,140,365
36,705,411
2.72%
Golf Course
1,342,081
1,338,445
1,265,253
1,066,657
(20.31%)
Solid Waste
5,874,662
7,695,130
7,588,650
7,822,005
1.65%
Fleet Services
3,440,689
3,753,575
2,763,464
3,300,457
(12.07%)
Risk Management
2,090,374
2,183,484
1,736,506
2,041,955
(6.48%)
16,245,423
15,881,219
15,723,340
15,129,364
(4.73%)
6,853,484
8,942,000
8,250,000
8,350,000
(6.62%)
151,836,669
157,477,266
152,414,887
152,624,589
(3.08%)
General Debt
17,024,413
18,076,011
16,763,272
18,765,361
3.81%
Utility Debt
2,929,181
2,946,115
2,946,115
2,935,609
(0.36%)
416,775
412,975
412,975
413,575
0.15%
20,370,369
21,435,101
20,122,362
22,114,545
3.17%
2,303,936
2,962,729
2,305,075
1,994,625
(32.68%)
755,755
452,270
168,560
330,321
(26.96%)
Debt Service Funds
Golf Debt
General Fleet
Utility Fleet
Golf Fleet
15,317
-
6,292
-
0.00%
3,075,008
3,414,999
2,479,927
2,324,946
(31.92%)
175,282,046
182,327,366
175,017,176
177,064,080
(2.89%)
Total Expenditures &
Transfers Out
CITY OF CARROLLTON
COMBINED FUNDS
ACTUAL
BUDGET
ESTIMATE
BUDGET
% CHNG
FY 2007-08
FY 2008-09
FY 2008-09
FY 2009-10
BUD/BUD
$ 14,269,313
$ 13,744,058
$ 12,760,815
$ 12,548,154
(8.70%)
Hotel/Motel Tax
1,180,680
1,091,604
1,247,880
1,068,180
(2.15%)
Digital Mapping
36,433
-
31,228
Court Security Fund
302,312
-
283,161
163,213
0.00%
196,333
247,833
292,833
18.14%
Ending Balances
Operating Funds
General Fund
Confiscated Funds
247,863
10,898
-
405,910
18,000
-
28,140
-
-
-
0.00%
-
0.00%
363,088
18,000
0.00%
291,510
-
0.00%
22,465
-
0.00%
Utility Fund
11,152,647
10,598,867
9,840,982
8,079,162
(23.77%)
Golf Course
259,183
206,488
206,488
206,788
0.15%
Solid Waste
209,838
106,805
404,338
352,833
230.35%
Fleet Services
(20,689)
5,262
298,897
300,000
0.00%
Risk Management
2,975,849
2,918,728
3,332,827
3,232,827
10.76%
1,812,141
1,268,918
1,469,027
1,232,169
(2.90%)
10,962,967
10,436,101
11,462,967
11,395,527
9.19%
43,781,955
40,642,694
42,263,506
38,889,686
(4.31%)
General Debt
4,471,868
3,855,710
4,818,596
4,365,182
13.21%
Utility Debt
3,234,482
3,230,104
3,230,104
3,232,500
0.07%
-
-
-
0.00%
7,706,350
7,085,814
8,048,700
7,597,682
7.22%
General Fleet
1,975,200
702,916
2,017,063
2,245,628
219.47%
Utility Fleet
1,034,318
926,772
1,161,611
1,172,663
26.53%
Debt Service Funds
Golf Debt
-
Golf Fleet
Total Ending Balances
368,526
504,352
476,924
510,109
1.14%
3,378,044
2,134,040
3,655,598
3,928,400
84.08%
$ 54,866,349
$ 49,862,548
53,967,804
$ 50,415,768
1.11%
(concluded)
CITY OF CARROLLTON
COMBINED FUNDS
CAPITAL PROJECTS FUNDS
FISCAL YEAR 2010
Unbudgeted Resources:
General Capital
Community Development
Parks
Streets
Drainage
Traffic
Tax Increment Zone
Utility
Golf Course
$
Additional Projects: *
General Capital
Parks
Streets
Drainage
Traffic
Tax Increment Zone
Utility
Golf Course
3,847,286
3,939,135
1,698,165
20,771,249
4,493,431
502,644
44,344
6,218,745
235,100
41,750,099
3,847,286
3,939,135
1,698,165
20,771,249
4,493,431
502,644
44,344
6,218,745
235,100
41,750,099
Projected Remaining Unobligated Fund Balances:
General Capital
Parks
Streets
Drainage
Traffic
Tax Increment Zone
Utility
Golf Course
$
-
* Includes contingency funds in each of the project categories
PERSONNEL SCHEDULE
Fiscal Years 2008-2010
2007-08
2008-09
2008-09
2009-10
ACTUAL
BUDGET
ESTIMATE
BUDGET
FTE
FTE
FTE
FTE
GENERAL FUND
Public Safety
Police Management Services
Police Investigative Services
Police Operations
Police Victim Asst. Program
Fire Operations
Fire Support Services
Municipal Court
Environmental Services
Animal Services
Total Public Safety
65.500
70.000
100.000
1.000
126.000
13.000
20.000
24.000
10.000
429.500
65.500
71.000
101.000
1.000
126.000
13.000
20.000
24.000
10.000
431.500
61.500
73.000
105.000
0.000
126.000
13.000
19.000
24.000
10.000
431.500
60.500
73.000
105.000
0.000
126.000
12.000
17.000
21.500
10.000
425.000
Culture & Leisure
Library
Parks Administration
Leisure Services
Athletics
Parks - Non-Contract
Parks - Contract
Tennis Center
Total Cultural & Recreational
45.500
3.000
20.500
26.000
16.000
21.000
3.250
135.250
45.500
3.000
20.500
26.000
16.000
21.000
3.250
135.250
45.500
3.000
20.500
26.000
16.000
21.000
3.250
135.250
44.500
3.000
20.250
26.000
15.000
21.000
3.250
133.000
Development
Transportation Engineering
Engineering
Traffic Operations
Streets
Drainage
Public Works Administration
Building Inspection
Planning
Economic Development
Total Development
7.000
16.000
15.000
31.000
7.000
15.000
21.000
5.000
2.000
1.000
120.000
7.000
16.000
15.000
31.000
7.000
15.000
21.000
5.000
2.000
1.000
120.000
7.000
16.000
15.000
30.000
8.000
15.000
21.000
5.000
2.000
1.000
120.000
7.000
14.000
14.000
30.000
8.000
15.000
21.000
4.000
2.000
1.000
116.000
Total General Fund
684.750
686.750
686.750
674.000
PERSONNEL SCHEDULE
Fiscal Years 2008-2010
2007-08
2008-09
2008-09
2009-10
ACTUAL
BUDGET
ESTIMATE
BUDGET
FTE
FTE
FTE
FTE
UTILITY FUND
Water Production
Water Distribution
Wastewater Collection
Meter Repair Services
Water Concrete Replacement
Total Utility Fund
13.000
13.000
8.000
3.000
13.000
50.000
13.000
13.000
8.000
3.000
13.000
50.000
13.000
12.000
8.000
3.000
14.000
50.000
13.000
12.000
8.000
3.000
14.000
50.000
FLEET SERVICES FUND
Fleet Services
14.000
14.000
14.000
14.000
2.500
2.500
2.500
2.500
ADMINISTRATIVE SERVICES FUND
General Government
City Manager's Office
Resolution Center
Organizational Development
Marketing Services
City Attorney
Total General Government
7.000
8.750
2.000
4.000
5.200
26.950
7.000
8.750
2.000
4.000
5.200
26.950
7.000
8.750
2.000
4.000
5.200
26.950
7.000
8.500
2.000
4.000
5.200
26.700
Administration
Finance Administration
Budget & Management Analysis
Accounting
Purchasing
General Services
Utility Customer Service
Information Technology
Workforce Services
Facility Maintenance
Total Administration
4.000
5.000
9.000
2.000
2.500
18.000
1.000
7.750
9.000
58.250
4.000
5.000
9.000
2.000
2.500
18.000
1.000
7.750
9.000
58.250
4.000
5.000
9.000
2.000
2.500
18.000
1.000
7.750
9.000
58.250
4.000
5.000
9.000
2.000
2.500
18.000
1.000
7.750
9.000
58.250
Total Administrative
Services Fund
85.200
85.200
85.200
84.950
SPECIAL REVENUE FUNDS
Special Revenue Funds
2.000
2.000
2.000
3.000
CAPITAL PROJECTS FUNDS
Capital Projects
2.500
2.500
2.500
4.000
840.950
842.950
842.950
832.450
RISK SERVICES FUND
Risk Management
CITY TOTAL
City of Carrollton
General Fund
The General Fund is the main operating fund of the
City. This fund is used to account for all financial
resources not accounted for in other funds. All
general tax revenues and other receipts that are not
restricted by law or contractual agreement to some
other fund are accounted for in this fund. General
operating expenditures, fixed charges and capital
improvement costs that are not paid through other
funds are paid from the General Fund. This fund
includes most of the basic operating services such as
fire and police protection, environmental services,
parks and recreation, libraries, development services
and street maintenance.
CITY OF CARROLLTON
GENERAL FUND
ACTUAL
FY 2007-08
$ 17,221,361
BUDGET
FY 2008-09
$ 14,269,313
ESTIMATE
FY 2008-09
$ 14,269,313
BUDGET
FY 2009-10
$ 12,760,815
% CHNG
BUD/BUD
(10.57%)
53,849,267
9,841,704
1,981,533
4,188,256
3,478,255
1,748,025
383,790
75,470,830
55,320,537
9,920,350
1,794,800
4,028,420
3,874,000
1,600,000
366,000
76,904,107
54,104,500
9,772,000
1,750,750
3,886,100
3,381,200
800,000
450,000
74,144,550
53,397,933
10,165,345
1,750,750
3,983,653
3,381,200
800,000
487,090
73,965,971
(3.48%)
2.47%
(2.45%)
(1.11%)
(12.72%)
(50.00%)
33.08%
(3.82%)
2,321,963
2,345,183
2,345,183
2,368,635
1.00%
324,000
2,645,963
324,000
2,669,183
324,000
2,669,183
324,000
2,692,635
0.00%
0.88%
78,116,793
79,573,290
76,813,733
76,658,606
(3.66%)
Total Funds Available
95,338,154
93,842,603
91,083,046
89,419,421
(4.71%)
Expenditures
Personal Services
Supplies & Servicees
Utilities
Allocations
Capital Outlay
Carrollton Stimulus Program*
Canceled Encumbrances
Total Expenditures
49,794,916
8,725,302
2,586,362
14,449,996
364,120
(18,085)
75,902,611
51,069,697
9,501,628
2,471,348
15,255,140
376,857
200,000
78,874,670
51,095,057
8,480,452
2,418,981
14,867,751
368,960
100,000
(31,373)
77,299,828
49,870,742
8,757,649
2,205,215
14,798,592
309,295
100,000
76,041,493
(2.35%)
(7.83%)
(10.77%)
(2.99%)
(17.93%)
(50.00%)
0.00%
(3.59%)
Beginning Operating Funds
Revenues
Taxes
Franchise Fees
Licenses & Permits
Fines & Forfeitures
Investment Income
Miscellaneous
Total Revenues
Transfers In
Operating
Utility Operating Fund Payment in Lieu of Taxes
Non-operating*
Solid Waste Cart Loan Repayment
Total Transfer In
Transfers Out
Operating
Utility Rate Review
Administrative Services Fund
Capital Projects
Non-operating*
Capital Projects
General Fleet Replacement Fund
Total Transfers Out
25,000
397,985
1,300,051
25,000
403,462
146,158
25,000
403,462
-
25,000
368,113
-
0.00%
(8.76%)
(100.00%)
3,443,194
5,166,230
320,780
328,475
1,223,875
265,466
328,475
1,022,403
436,661
829,774
36.12%
(100.00%)
(32.20%)
Total Expenditures & Transfers Out
81,068,841
80,098,545
78,322,231
76,871,267
(4.03%)
Excess (Deficiency) of Revenues &
Transfers In Over Expenditures
& Transfers Out
(2,952,048)
Ending Operating Funds
Days of Operating Expenditures
(525,255)
(1,508,498)
$ 14,269,313
$ 13,744,058
$ 12,760,815
68
63
60
*Non-operating items. Not included in calculation of Days of Operating Expenditures.
(212,661)
$
12,548,154
60
(59.51%)
(8.70%)
CITY OF CARROLLTON
GENERAL FUND
REVENUE DETAIL
ACTUAL
FY 2007-08
ESTIMATE
FY 2008-09
BUDGET
FY 2009-10
32,912,837
25,000
32,937,837
$ 32,650,000
250,000
32,900,000
$ 32,093,433
100,000
32,193,433
(2.49%)
300.00%
(2.26%)
21,528,613
63,622
21,592,235
22,067,700
65,000
22,132,700
20,889,500
65,000
20,954,500
20,889,500
65,000
20,954,500
(5.34%)
0.00%
(5.32%)
300,985
250,000
250,000
250,000
53,849,267
55,320,537
54,104,500
53,397,933
(3.48%)
FRANCHISE FEES
Electric
Telephone
Gas
Cable
Solid Waste
TOTAL FRANCHISE FEES
5,639,766
1,157,859
1,385,356
1,062,083
596,640
9,841,704
5,665,000
1,162,000
1,393,350
1,142,000
558,000
9,920,350
5,745,000
1,125,000
1,180,000
1,155,000
567,000
9,772,000
5,831,175
1,068,750
1,406,800
1,212,750
645,870
10,165,345
2.93%
(8.02%)
0.97%
6.20%
15.75%
2.47%
LICENSES & PERMITS
Permits
Licenses & miscellaneous
Comm. Services Apt. Fees
Comm. Services Food Program
Single Family Rental Inspection
Pollution control
Comm. Services Misc. Fee
Enviromental MSD Fees
County Vehicle Registration Fee
TOTAL LICENSES & PERMITS
1,344,777
134,283
92,063
200,735
116,169
1,563
4,493
87,450
1,981,533
1,000,000
130,000
184,000
200,000
65,000
120,000
13,800
82,000
1,794,800
952,000
118,000
190,000
210,000
75,000
120,000
150
3,600
82,000
1,750,750
952,000
118,000
190,000
210,000
75,000
120,000
150
3,600
82,000
1,750,750
(4.80%)
(9.23%)
3.26%
5.00%
15.38%
0.00%
(98.91%)
100.00%
0.00%
(2.45%)
CHARGES FOR SERVICES
Public safety
Ambulance fees
Fingerprint fees
Alarm Permit Fees
False alarms
Total Public Safety
1,019,102
5,095
133,027
128,710
1,285,934
1,025,000
4,500
130,000
125,000
1,284,500
1,072,500
5,500
130,000
110,000
1,318,000
1,072,500
5,500
130,000
110,000
1,318,000
4.63%
22.22%
0.00%
(12.00%)
2.61%
(continued)
TAX REVENUES
Ad valorem Taxes
Current taxes
Delinquent taxes
Total Ad Valorem Taxes
Sales & Use Taxes
City sales tax
Mixed drink tax
Total Sales & Use Taxes
Penalty & Interest
Penalty & interest
TOTAL TAX REVENUE
$
31,898,999
57,048
31,956,047
BUDGET
FY 2008-09
$
% CHNG
BUD/BUD
0.00%
CITY OF CARROLLTON
GENERAL FUND
REVENUE DETAIL
ACTUAL
FY 2007-08
CHARGES FOR SERVICES (continued)
Culture & Leisure
Softball Concession/Sales
$
Misc. recreation fees/Rec rental fees
Recreation class fees
Museum/Nat area fees
Sports Field Use
Swimming pool fees
Tennis Center fees
Athletic program fees
Library meeting room fees
Library county contract
Total Culture & Leisure
Other
Animal control fees
Fire hydrant/street markers
Developer's inspection fees
Planning fees
Mowing assessments
Traffic Sales to other cities
Total Other
28,818
284,960
536,257
7,011
84,883
467,808
515,355
412,038
6,616
83,500
2,427,246
BUDGET
FY 2008-09
$
24,000
300,000
515,000
5,000
80,000
485,000
450,000
395,000
5,000
83,920
2,342,920
ESTIMATE
FY 2008-09
BUDGET
FY 2009-10
$
$
24,000
250,000
475,000
5,200
200,000
475,000
457,000
350,000
8,000
81,900
2,326,100
% CHNG
BUD/BUD
24,000
335,225
349,502
5,200
204,300
552,000
498,056
365,470
8,000
81,900
2,423,653
0.00%
11.74%
(32.14%)
4.00%
155.38%
13.81%
10.68%
(7.48%)
60.00%
(2.41%)
3.45%
73,722
6,553
214,750
54,006
65,056
60,989
475,076
70,000
6,000
170,000
55,000
50,000
50,000
401,000
65,000
10,000
20,000
85,000
62,000
242,000
65,000
10,000
20,000
85,000
62,000
242,000
(7.14%)
(100.00%)
(94.12%)
(63.64%)
70.00%
24.00%
(39.65%)
TOTAL CHARGES FOR SERVICES
4,188,256
4,028,420
3,886,100
3,983,653
(1.11%)
FINES & FORFEITURES
Municipal court fines
Court admin fee
Dismiss/arrest fees
Warrant fees
Child Safety
Traffic - local
Expungement Court fee
Judicial efficiency
Impound fines
Library fees and fines
Charges for lost books
TOTAL FINES & FORFEITURES
2,175,150
17,379
749,459
300,889
22,971
58,405
270
4,362
18,497
107,450
23,423
3,478,255
2,542,000
18,000
782,000
308,000
20,000
63,000
4,000
18,000
96,000
23,000
3,874,000
2,198,000
18,000
653,000
292,000
20,000
55,000
4,200
18,000
100,000
23,000
3,381,200
2,198,000
18,000
653,000
292,000
20,000
55,000
4,200
18,000
100,000
23,000
3,381,200
(13.53%)
0.00%
(16.50%)
(5.19%)
0.00%
(12.70%)
0.00%
5.00%
0.00%
4.17%
0.00%
(12.72%)
INVESTMENT INCOME
1,748,025
1,600,000
800,000
800,000
(50.00%)
383,790
366,000
450,000
487,090
33.08%
76,904,107
$ 74,144,550
$ 73,965,971
MISCELLANEOUS REVENUE
TOTAL REVENUE
$
75,470,830
$
(3.82%)
(concluded)
CITY OF CARROLLTON
GENERAL FUND
EXPENDITURE DETAIL
ACTUAL
FY 2007-08
GENERAL GOVERNMENT:
City Council:
Personal Services
Supplies & Services
Utilities
Allocations
$
Non-Departmental:
Personal Services
Supplies & Services
Allocations
PUBLIC SAFETY:
Police Management Services:
Personal Services
Supplies & Services
Utilities
Allocations
Capital Outlay
Police Investigative Services:
Personal Services
Supplies & Services
Utilities
Allocations
Capital Outlay
Police Operations:
Personal Services
Supplies & Services
Utilities
Allocations
Capital Outlay
Police Victim Assistance Program:
Personal Services
Supplies & Services
Allocations
26,287
46,115
15,854
133,161
221,417
BUDGET
FY 2008-09
$
30,500
70,645
16,358
135,050
252,553
ESTIMATE
FY 2008-09
BUDGET
FY 2009-10
$
$
26,287
58,803
15,303
135,050
235,443
24,410
68,237
12,839
131,119
236,605
(1,160,052)
591,845
369,429
(198,778)
% CHNG
BUD/BUD
(19.97%)
(3.41%)
(21.51%)
(2.91%)
(6.31%)
774,726
47,234
821,960
153,939
618,145
329,131
1,101,215
427,222
595,493
47,498
1,070,213
(853.58%)
(4.25%)
12.24%
(118.05%)
1,043,377
1,353,768
1,305,656
37,827
(97.21%)
4,337,598
227,249
39,027
748,263
5,240
5,357,377
4,525,355
232,533
37,430
749,833
5,000
5,550,151
3,958,865
223,442
38,612
749,833
5,000
4,975,752
4,433,435
205,660
32,428
727,091
5,000
5,403,614
(2.03%)
(11.56%)
(13.36%)
(3.03%)
0.00%
(2.64%)
5,184,738
247,669
95,779
679,522
3,542
6,211,250
5,290,691
288,160
87,410
694,249
8,388
6,368,898
5,347,547
276,973
91,352
712,465
4,388
6,432,725
5,607,958
257,989
76,912
689,234
3,000
6,635,093
6.00%
(10.47%)
(12.01%)
(0.72%)
(64.23%)
4.18%
9,258,313
1,100,173
40,312
1,936,726
941
12,336,465
9,262,043
1,249,600
36,807
2,191,597
48,268
12,788,315
9,618,353
992,075
39,755
2,158,180
44,821
12,853,184
9,934,725
1,038,827
32,111
1,958,899
3,000
12,967,562
7.26%
(16.87%)
(12.76%)
(10.62%)
(93.78%)
1.40%
38,681
2,989
18,102
59,772
59,181
5,915
18,216
83,312
-
-
(100.00%)
(100.00%)
(100.00%)
(100.00%)
(continued)
CITY OF CARROLLTON
GENERAL FUND
EXPENDITURE DETAIL
ACTUAL
FY 2007-08
BUDGET
FY 2008-09
ESTIMATE
FY 2008-09
BUDGET
FY 2009-10
$ 12,182,476
1,360,744
127,740
2,596,768
16,267,728
$ 12,807,388
1,175,996
124,125
2,561,226
16,668,735
$ 12,630,325
1,074,571
112,354
2,592,662
16,409,912
3.68%
(21.03%)
(12.04%)
(0.16%)
0.87%
1,365,625
47,111
8,822
201,198
1,622,756
1,320,975
65,592
9,116
205,025
1,600,708
1,345,205
53,450
8,480
205,025
1,612,160
1,302,758
28,040
7,072
197,225
1,535,095
(1.38%)
(57.25%)
(22.42%)
(3.80%)
(4.10%)
1,372,546
372,419
9,353
442,460
26,496
2,223,274
1,528,513
363,546
9,666
459,183
2,688
2,363,596
1,460,142
360,755
9,055
459,104
2,688
2,291,744
1,479,305
339,788
7,604
445,734
2,272,431
(3.22%)
(6.54%)
(21.33%)
(2.93%)
(100.00%)
(3.86%)
567,450
78,179
18,329
150,995
2,253
817,206
565,529
92,174
17,375
159,694
834,772
582,431
72,382
17,073
158,774
830,660
578,490
69,251
23,735
154,052
825,528
2.29%
(24.87%)
36.60%
(3.53%)
0.00%
(1.11%)
1,405,972
93,534
66,016
955,969
2,521,491
1,359,860
119,236
63,158
970,847
2,513,101
1,354,231
104,643
65,130
970,547
2,494,551
1,155,126
121,231
56,787
943,131
2,276,275
(15.06%)
1.67%
(10.09%)
(2.85%)
(9.42%)
47,338,689
48,370,581
48,159,511
48,325,510
(0.09%)
(continued)
PUBLIC SAFETY (continued):
Fire Operations:
Personal Services
$ 12,414,865
Supplies & Services
1,194,102
Utilities
134,400
Allocations
2,445,731
16,189,098
Fire Support Services:
Personal Services
Supplies & Services
Utilities
Allocations
Environmental Services:
Personal Services
Supplies & Services
Utilities
Allocations
Capital Outlay
Animal Control:
Personal Services
Supplies & Services
Utilities
Allocations
Capital Outlay
Municipal Court:
Personal Services
Supplies & Services
Utilities
Allocations
Total Public Safety
% CHNG
BUD/BUD
CITY OF CARROLLTON
GENERAL FUND
EXPENDITURE DETAIL
ACTUAL
FY 2007-08
CULTURE AND LEISURE:
Library:
Personal Services
Supplies & Services
Utilities
Allocations
Capital Outlay
Parks and Recreation
Administration:
Personal Services
Supplies & Services
Utilities
Allocations
Leisure Services:
Personal Services
Supplies & Services
Utilities
Allocations
Athletics:
Personal Services
Supplies & Services
Utilities
Allocations
Parks Non-Contract;
Personal Services
Supplies & Services
Utilities
Allocations
Capital Outlay
Parks Contract:
Personal Services
Supplies & Services
Allocations
Capital Outlay
$
ESTIMATE
FY 2008-09
BUDGET
FY 2009-10
2,478,024
209,732
193,575
1,411,965
257,986
4,551,282
$ 2,350,296
178,903
196,381
1,411,965
257,986
4,395,531
$ 2,440,433
165,401
167,713
1,370,273
244,937
4,388,757
(1.52%)
(21.14%)
(13.36%)
(2.95%)
(5.06%)
(3.57%)
262,833
10,276
874
106,504
380,487
262,112
10,397
900
108,137
381,546
280,659
6,603
808
108,137
396,207
268,567
5,040
700
104,961
379,268
2.46%
(51.52%)
(22.22%)
(2.94%)
(0.60%)
1,398,442
310,091
196,781
781,590
2,686,904
1,280,026
304,547
185,599
795,998
2,566,170
1,282,027
282,863
167,006
796,061
2,527,957
953,447
408,016
132,657
773,072
2,267,192
(25.51%)
33.97%
(28.52%)
(2.88%)
(11.65%)
1,602,158
769,657
384,374
463,608
3,219,797
1,712,809
680,837
357,371
496,044
3,247,061
1,700,404
666,370
338,028
501,469
3,206,271
1,722,647
680,153
316,456
493,902
3,213,158
0.57%
(0.10%)
(11.45%)
(0.43%)
(1.04%)
625,219
346,286
279,290
311,854
28,679
1,591,328
767,973
305,224
292,505
295,213
32,700
1,693,615
678,769
230,081
298,596
294,526
32,550
1,534,522
748,549
273,684
301,263
280,057
32,700
1,636,253
(2.53%)
(10.33%)
2.99%
(5.13%)
0.00%
(3.39%)
923,506
829,047
309,652
3,082
2,065,287
984,107
900,677
328,744
3,000
2,216,528
948,546
781,153
324,110
2,700
2,056,509
979,248
798,678
362,711
3,000
2,143,637
(0.49%)
(11.32%)
10.33%
0.00%
(3.29%)
(continued)
2,244,074
180,061
209,969
1,396,301
275,404
4,305,809
BUDGET
FY 2008-09
$
% CHNG
BUD/BUD
CITY OF CARROLLTON
GENERAL FUND
EXPENDITURE DETAIL
ACTUAL
FY 2007-08
CULTURE AND LEISURE (continued):
Tennis Center:
Personal Services
$
431,735
Supplies & Services
59,461
Utilities
24,859
Allocations
42,075
558,130
Total Culture and Leisure
DEVELOPMENT:
Transportation Engineering:
Personal Services
Supplies & Services
Utilities
Allocations
Capital Outlay
Engineering:
Personal Services
Supplies & Services
Utilities
Allocations
Capital Outlay
Traffic Operations:
Personal Services
Supplies & Services
Utilities
Allocations
Streets:
Personal Services
Supplies & Services
Utilities
Allocations
Drainage:
Personal Services
Supplies & Services
Utilities
Allocations
BUDGET
FY 2008-09
$
473,905
64,766
25,313
42,682
606,666
ESTIMATE
FY 2008-09
BUDGET
FY 2009-10
$
$
354,119
134,574
27,213
42,682
558,588
% CHNG
BUD/BUD
129,699
371,784
26,736
41,438
569,657
(72.63%)
474.04%
5.62%
(2.91%)
(6.10%)
14,807,742
15,262,868
14,675,585
14,597,922
(4.36%)
609,132
59,127
4,483
89,591
762,333
677,960
74,940
4,620
91,395
3,000
851,915
687,677
73,294
4,328
91,395
3,000
859,694
691,017
59,743
3,632
88,609
2,000
845,001
1.93%
(20.28%)
(21.39%)
(3.05%)
(33.33%)
(0.81%)
1,252,539
85,967
15,273
503,826
8,648
1,866,253
1,190,203
86,049
15,739
513,297
13,200
1,818,488
1,118,553
73,003
14,743
513,297
13,200
1,732,796
1,086,310
85,605
12,371
498,040
13,200
1,695,526
(8.73%)
(0.52%)
(21.40%)
(2.97%)
0.00%
(6.76%)
730,338
319,086
1,016,031
525,740
2,591,195
771,477
418,068
967,175
557,028
2,713,748
726,672
394,220
931,420
548,387
2,600,699
725,050
398,740
863,326
528,259
2,515,375
(6.02%)
(4.62%)
(10.74%)
(5.16%)
(7.31%)
1,343,342
1,120,121
224
1,029,243
3,492,930
1,547,974
1,375,977
961,790
3,885,741
1,403,912
1,202,160
944,720
3,550,792
1,434,427
1,252,429
961,443
3,648,299
(7.34%)
(8.98%)
0.00%
(0.04%)
(6.11%)
377,319
172,305
422,269
971,893
387,614
263,715
254
425,954
1,077,537
390,873
242,956
254
418,049
1,052,132
438,025
225,971
254
393,537
1,057,787
13.01%
(14.31%)
0.00%
(7.61%)
(1.83%)
(continued)
CITY OF CARROLLTON
GENERAL FUND
EXPENDITURE DETAIL
ACTUAL
FY 2007-08
DEVELOPMENT (continued):
Building Inspection:
Personal Services
$
Supplies & Services
Utilities
Allocations
Capital Outlay
Public Works Administration:
Personal Services
Supplies & Services
Utilities
Allocations
Planning:
Personal Services
Supplies & Services
Utilities
Allocations
Capital Outlay
Economic Development:
Personal Services
Supplies & Services
Utilities
Allocations
Transit Oriented Development:
Personal Services
Supplies & Services
Total Development
Stimulus Program
Prior Years' Canceled
Encumbrances
Total Expenditures
BUDGET
FY 2008-09
1,306,907
107,323
11,909
376,441
7,235
1,809,815
(22,687)
(4,378)
3,763
(23,302)
$
1,499,455
134,519
12,273
380,086
458
2,026,791
-
ESTIMATE
FY 2008-09
BUDGET
FY 2009-10
$ 1,502,705
113,100
11,495
378,037
458
2,005,795
$ 1,553,530
74,920
9,647
366,449
458
2,005,004
(19,917)
9,554
(10,363)
-
% CHNG
BUD/BUD
3.61%
(44.31%)
(21.40%)
(3.59%)
0.00%
(1.07%)
0.00%
0.00%
0.00%
0.00%
0.00%
363,150
27,600
8,495
228,844
2,600
630,689
383,888
43,481
8,754
232,489
2,169
670,781
377,021
24,912
8,200
232,489
2,169
644,791
326,700
21,085
6,881
225,628
2,000
582,294
(14.90%)
(51.51%)
(21.40%)
(2.95%)
(7.79%)
(13.19%)
230,373
108,155
2,145
103,097
443,770
225,468
105,763
2,210
104,725
438,166
235,497
105,663
2,070
104,725
447,955
232,844
103,085
1,737
101,637
439,303
3.27%
(2.53%)
(21.40%)
(2.95%)
0.26%
144,461
40,851
185,312
147,640
56,646
204,286
149,573
56,585
206,158
153,769
37,876
191,645
4.15%
(33.14%)
(6.19%)
12,730,888
13,687,453
13,090,449
12,980,234
(5.17%)
-
200,000
100,000
100,000
(50.00%)
(18,085)
-
$ 75,902,611
$ 78,874,670
(31,373)
$ 77,299,828
$ 76,041,493
0.00%
(3.59%)
(concluded)
City of Carrollton
Special Revenue Funds
The Special Revenue Funds account for the accumulation and disbursement
of restricted resources. Special Revenue Funds consist of the following
funds:
Hotel/Motel Tax Fund – to account for the accumulation of resources from
the Hotel/Motel Tax assessment levied by the City. These monies are to be
spent to promote the progress, development or growth of the City within the
guidelines set forth on disposition of revenues collected under the authority of
the Texas Hotel Occupancy Tax Act (Article 1269; Vernon's Texas Civil
Statutes).
Digital Mapping Fund – to account for funds spent on digitizing new subdivision plats and merging information into the City's basemap system.
Court Security Fund – to account for court fees to be expended on court
security.
Juvenile Case Management Fund – to account for the revenues collected
through the Juvenile Case Management fee and the expenditures associated
with juvenile case management and the Juvenile Case Manager.
Public Safety Grant Fund – to account for grant funds received for the
purpose of public safety initiatives.
Confiscated Assets Fund – to account for funds obtained through forfeiture
provisions under federal laws; seized money from delivery of controlled
substance in accordance with Public Health Laws, Title 71, Article 4476-15,
Section 503. These monies are to be used for training and other law
enforcement activities.
Utility Rate Review Fund – new fund in Fiscal Year 2009 to account for
utility rate regulation activities. Prior to Fiscal Year 2009, these activities
where accounted for as designated funds in the General Fund.
General Special Revenue Fund – to account for miscellaneous funds
designated for special programs of the City.
CITY OF CARROLLTON
HOTEL/MOTEL TAX FUND
Revenues
Hotel-motel tax
Investment income
Total Revenues
Expenditures
Supplies & Services
Excess (Deficiency) of
Revenues over Expenditures
ACTUAL
FY 2007-08
$ 1,081,604
BUDGET
FY 2008-09
$ 1,091,604
ESTIMATE
FY 2008-09
$ 1,180,680
BUDGET
FY 2009-10
$ 1,247,880
% CHNG
BUD/BUD
14.32%
129,836
48,025
177,861
130,000
40,000
170,000
130,000
20,000
150,000
130,000
10,000
140,000
0.00%
(75.00%)
(17.65%)
1,259,465
1,261,604
1,330,680
1,387,880
10.01%
78,785
170,000
82,800
319,700
88.06%
67,200
(179,700)
(100.00%)
99,076
$ 1,180,680
$
1,091,604
$
1,247,880
$
1,068,180
(2.15%)
CITY OF CARROLLTON
DIGITAL MAPPING FUND
ACTUAL
FY 2007-08
$
29,360
BUDGET
FY 2008-09
$
32,710
ESTIMATE
FY 2008-09
$
36,433
BUDGET
FY 2009-10
$
31,228
% CHNG
BUD/BUD
(4.53%)
6,250
1,397
7 647
7,647
7,000
1,000
8 000
8,000
3,000
650
3 650
3,650
3,000
300
3 300
3,300
(57.14%)
(70.00%)
(58 75%)
(58.75%)
37,007
40,710
40,083
34,528
(15.19%)
574
40,710
8,855
34,528
(15.19%)
(32,710)
(32 710)
(5,205)
(5 205)
(31,228)
(31 228)
(4.53%)
(4 53%)
Revenues
Digital mapping fee
Investment income
Total Revenues
Expenditures
Supplies and Services
R
E
dit
7,073
7 073
$
36,433
$
-
$
31,228
$
-
0.00%
CITY OF CARROLLTON
COURT SECURITY FUND
ACTUAL
FY 2007-08
$ 321,733
BUDGET
FY 2008-09
$ 290,233
76,780
13,316
90,096
75,000
13,000
88,000
411,829
Expenditures
Personnel Services
Supplies & Services
Capital Outlay
Total Expenditures
Revenues
Investment Income
Total Revenues
BUDGET
FY 2009-10
$ 283,161
% CHNG
BUD/BUD
(2.44%)
70,000
5,300
75,300
70,000
2,400
72,400
(6.67%)
(81.54%)
(17.73%)
378,233
377,612
355,561
(5.99%)
49,600
49,621
10,296
109,517
50,000
50,000
278,233
378,233
55,239
39,212
94,451
117,348
50,000
25,000
192,348
134.70%
0.00%
(91.01%)
(49.15%)
(19,421)
(290,233)
(19,151)
(119,948)
(58.67%)
$ 302,312
$
-
ESTIMATE
FY 2008-09
$ 302,312
$ 283,161
$ 163,213
0.00%
CITY OF CARROLLTON
JUVENILE CASE MANAGEMENT FUND
ACTUAL
FY 2007-08
$ 125,363
BUDGET
FY 2008-09
$ 187,863
Revenues
Investment Income
Total Revenues
124,609
6,883
131,492
125,000
5,000
130,000
256,855
Expenditures
Personnel Services
Supplies & Services
Total Expenditures
ESTIMATE
FY 2008-09
$ 196,333
BUDGET
FY 2009-10
$ 247,833
% CHNG
BUD/BUD
31.92%
113,900
3,800
117,700
110,000
2,000
112,000
(12.00%)
(60.00%)
(13.85%)
317,863
314,033
359,833
13.20%
59,861
661
60,522
65,000
5,000
70,000
65,000
1,200
66,200
65,000
2,000
67,000
0.00%
(60.00%)
(4.29%)
70,970
60,000
51,500
45,000
(25.00%)
$ 196,333
$ 247,863
$ 247,833
$ 292,833
18.14%
CITY OF CARROLLTON
PUBLIC SAFETY GRANTS FUND
ACTUAL
FY 2007-08
$
237
BUDGET
FY 2008-09
$
-
Revenues
Grant Revenue
Investment Income
Total Revenues
116,315
580
116,895
454,006
454,006
119,780
200
119,980
29,734
29,734
(93.45%)
0.00%
(93.45%)
117,132
454,006
130,878
29,734
(93.45%)
Expenditures
Personnel Services
Supplies & Services
Capital Outlay
Total Expenditures
97,769
25
8,440
106,234
108,625
10,000
335,381
454,006
109,780
10,000
11,098
130,878
10,000
19,734
29,734
(100.00%)
0.00%
(94.12%)
(93.45%)
(10,898)
-
0.00%
-
0.00%
10,661
$
10,898
ESTIMATE
FY 2008-09
$ 10,898
$
-
$
-
BUDGET
FY 2009-10
$
-
$
% CHNG
BUD/BUD
0.00%
CITY OF CARROLLTON
CONFISCATED ASSETS FUND
ACTUAL
FY 2007-08
$ 591,494
BUDGET
FY 2008-09
$ 391,099
Revenues
Confiscated Revenues
Interest Income
Total Revenues
150,633
16,765
167,398
15,000
15,000
758,892
Expenditures
Supplies & Services
Capital Outlay
Total Expenditures
BUDGET
FY 2009-10
$ 363,088
% CHNG
BUD/BUD
(7.16%)
144,172
4,500
148,672
4,000
4,000
0.00%
(73.33%)
(73.33%)
406,099
554,582
367,088
(9.61%)
46,199
306,783
352,982
388,099
388,099
37,721
153,773
191,494
349,088
349,088
0.00%
(10.05%)
(10.05%)
(185,584)
(373,099)
(42,822)
(345,088)
(7.51%)
18,000
0.00%
$ 405,910
$
18,000
ESTIMATE
FY 2008-09
$ 405,910
$ 363,088
$
CITY OF CARROLLTON
UTILITY RATE REVIEW FUND
ACTUAL
FY 2007-08
$
-
BUDGET
FY 2008-09
$
-
ESTIMATE
FY 2008-09
$
-
BUDGET
FY 2009-10
$ 291,510
% CHNG
BUD/BUD
100.00%
Transfer In
General Fund - Designated Funds
General Fund - Annual Allocation
Total Transfers In
-
301,510
25,000
326,510
301,510
25,000
326,510
25,000
25,000
(100.00%)
0.00%
(92.34%)
-
326,510
326,510
316,510
(3.06%)
Expenditures
-
326,510
35,000
316,510
(3.06%)
291,510
(291,510)
Transfers In over Expenditures
$
-
$
-
$
291,510
$
-
(100.00%)
0.00%
CITY OF CARROLLTON
GENERAL SPECIAL REVENUE FUND
ACTUAL
FY 2007-08
$ 52,417
BUDGET
FY 2008-09
$ 21,525
BUDGET
FY 2009-10
$ 22,465
% CHNG
BUD/BUD
4.37%
4,230
1,200
5,430
3,000
1,000
4,000
9,525
200
9,725
6,000
100
6,100
100.00%
(90.00%)
52.50%
57,847
25,525
37,865
28,565
11.91%
Expenditures
Supplies & Services
Capital Outlay
Total Expenditures
5,396
1,219
6,615
19,525
6,000
25,525
6,400
9,000
15,400
22,565
6,000
28,565
15.57%
0.00%
11.91%
Transfers Out
Parks Capital Projects
23,092
-
-
-
0.00%
Total Expenditures and Transfers Out
29,707
25,525
15,400
28,565
11.91%
Excess (Deficiency) of Revenues over
Expenditures and Transfers Out
(24,277)
(21,525)
(5,675)
(22,465)
4.37%
-
0.00%
Revenues
Donations
Interest Income
Total Revenues
$
28,140
$
-
ESTIMATE
FY 2008-09
$ 28,140
$
22,465
$
City of Carrollton
General Debt Service Fund
The Debt Service Fund is used to account for the
accumulation of financial resources for the payment
of principal, interest and related costs on general
long-term debt paid primarily from taxes levied by
the City.
CITY OF CARROLLTON
GENERAL DEBT SERVICE FUND
ACTUAL
FY 2007-08
$ 5,292,067
BUDGET
FY 2008-09
$ 4,595,742
ESTIMATE
FY 2008-09
$ 4,471,868
BUDGET
FY 2009-10
$ 4,818,596
% CHNG
BUD/BUD
4.85%
Revenues
Ad valorem tax
Penalty & Interest
Investment income
Total Revenues
16,003,020
131,768
69,426
16,204,214
17,135,979
100,000
100,000
17,335,979
16,975,000
125,000
10,000
17,110,000
18,181,947
125,000
5,000
18,311,947
6.10%
25.00%
(95.00%)
5.63%
21,496,281
21,931,721
21,581,868
23,130,543
5.47%
Expenditures
Debt service:
Tax supported existing issues
Arbitrage
Paying agent fees
Total Expenditures
16,533,202
486,969
4,242
17,024,413
18,071,511
4,500
18,076,011
16,865,885
(107,113)
4,500
16,763,272
18,760,861
4,500
18,765,361
3.81%
0.00%
0.00%
3.81%
Beginning Funds
Ending Funds
(820,199)
$ 4,471,868
(740,032)
$ 3,855,710
346,728
$ 4,818,596
(453,414)
$ 4,365,182
(38.73%)
13.21%
City of Carrollton
Enterprise Funds
The Enterprise Funds account for operations that are
financed and operated in a manner similar to private
business enterprises. The intent of the City is that the
costs of providing the goods and services to the
public will be financed through user charges. The
rates for these services are established to ensure that
revenues are adequate to meet all necessary
expenditures. The enterprise funds of the City are the
Utility Funds, Golf Course Funds and the Solid
Waste Fund.
City of Carrollton
Utility Funds
The Utility Funds are enterprise funds used to
account for all costs of providing water and sewer
services to the general public. These services are
financed through customer charges. These funds
include the Utility Operating Fund, Utility Debt
Service Fund and the Utility Fleet Replacement
Fund.
CITY OF CARROLLTON
ACTUAL
FY 2007-08
$ 10,024,250
BUDGET
FY 2008-09
$ 10,763,952
ESTIMATE
FY 2008-09
$ 11,152,647
BUDGET
FY 2009-10
$ 9,840,982
% CHNG
BUD/BUD
(8.57%)
Revenues
Water Sales & Charges
Sewer Sales & Charges
Water & Sewer Rate Increase
Tag and Reconnect Fees
Industrial Surcharge
Backflow Prevention Charges
Investment Income
Miscellaneous
Total Revenues
21,901,074
11,899,175
353,630
221,270
138,782
570,969
226,291
35,311,191
22,088,700
11,918,000
340,000
225,000
125,000
600,000
270,000
35,566,700
22,088,700
11,750,000
340,000
100,000
125,000
240,000
185,000
34,828,700
21,649,926
11,515,000
687,005
426,820
100,000
125,000
100,000
339,840
34,943,591
(1.99%)
(3.38%)
100.00%
25.54%
(55.56%)
0.00%
(83.33%)
25.87%
(1.75%)
45,335,441
46,330,652
45,981,347
44,784,573
(3.34%)
Expenditures
Personal Services
Supplies & Services
Utilities
Allocations
Capital Outlay
Cancelled Encumbrances
Total Expenditures
2,676,303
17,147,870
1,274,494
3,502,867
6,850
(699)
24,607,685
2,885,551
18,614,950
1,203,726
3,705,342
53,000
26,462,569
2,803,272
19,161,108
1,207,094
3,639,052
60,623
26,871,149
2,868,703
19,937,572
1,043,633
3,572,030
27,421,938
(0.58%)
7.11%
(13.30%)
(3.60%)
(100.00%)
0.00%
3.63%
2,321,963
,
,
17,061
3,114,085
2,345,183
,
,
17,296
2,941,737
2,345,183
,
,
17,296
2,941,737
2,368,635
,
,
11,833
2,938,005
1.00%
(31.59%)
(0.13%)
3,765,000
357,000
9,575,109
3,965,000
9,269,216
3,965,000
9,269,216
3,965,000
9,283,473
0.00%
0.00%
0.15%
34,182,794
35,731,785
36,140,365
36,705,411
2.72%
(1,311,665)
(1,761,820)
Transfers Out
Operating
General Fund - Payment
y
in Lieu of Taxes
Utility Debt Service Fund
Non-operating
Capital Projects Funds - Water and Sewer
Line Rehabilitation
Capital Projects Funds
Total Transfers Out
Excess (Deficiency) of Revenues
over Expenditures & Transfers Out
1,128,397
(165,085)
$ 11,152,647
$ 10,598,867
$ 9,840,982
$ 8,079,162
135
122
112
90
967.22%
(23.77%)
CITY OF CARROLLTON
EXPENDITURE DETAIL
ACTUAL
FY 2007-08
Water Production:
Personnel Services
Supplies & Services
Utilities
Allocations
$
Water Distribution:
Personnel Services
Supplies & Services
Utilities
Allocations
Wastewater Collection:
Personnel Services
Supp es & Se
Services
v ces
Supplies
Utilities
Allocations
Capital Outlay
Meter Repair Services:
Personnel Services
pp
Supplies
& Services
Allocations
Water Concrete Replacement:
Personnel Services
Supplies & Services
Utilities
Allocations
Non-departmental:
Personnel Services
Supplies & Services
Allocations
Prior years' canceled
encumbrances
Total Expenditures
674,378
10,100,796
1,207,162
1,519,052
13,501,388
ESTIMATE
FY 2008-09
BUDGET
FY 2009-10
$
$
$
695,596
11,011,061
1,149,259
1,542,487
14,398,403
723,002
10,972,367
1,147,727
1,542,407
14,385,503
% CHNG
BUD/BUD
725,785
11,343,260
992,545
1,497,911
14,559,501
4.34%
3.02%
(13.64%)
(2.89%)
1.12%
685,795
433,067
17,591
654,995
1,791,448
743,567
453,046
11,771
695,534
1,903,918
737,151
407,524
11,771
697,228
1,853,674
719,186
380,223
11,771
688,505
1,799,685
(3.28%)
(16.07%)
0.00%
(1.01%)
(5.47%)
533,344
5,837,
5,837,474
7
45,255
768,151
6,850
7,191,074
524,913
6,270,381
6, 70,38
40,613
791,716
53,000
7,680,623
524,080
6,9
6,946,609
6,609
45,513
791,554
60,623
8,368,379
527,238
7,
7,428,739
8,739
37,234
771,835
8,765,046
0.44%
18.47%
8. 7%
(8.32%)
(2.51%)
(100.00%)
14.12%
161,853
173,679
156,506
492,038
174,558
193,147
178,706
546,411
167,293
175,680
178,263
521,236
175,413
176,976
174,548
526,937
0.49%
((8.37%))
(2.33%)
(3.56%)
619,865
564,392
4,486
400,998
1 589 741
1,589,741
668,085
632,524
2,083
427,690
11,730,382
730 382
619,527
613,428
2,083
426,391
1,661,429
1 661 429
711,293
562,874
2,083
420,115
1,696,365
1 696 365
6.47%
(11.01%)
0.00%
(1.77%)
(1.97%)
(1 97%)
1,068
38,462
3,165
42,695
78,832
54,791
69,209
202,832
32,219
45,500
3,209
80,928
9,788
45,500
19,116
74,404
(87.58%)
(16.96%)
(72.38%)
(63.32%)
-
-
-
0.00%
$ 26,462,569
$ 26,871,149
$ 27,421,938
3.63%
(699)
$
BUDGET
FY 2008-09
24,607,685
CITY OF CARROLLTON
UTILITY DEBT SERVICE FUND
ACTUAL
FY 2007-08
$ 3,049,578
BUDGET
FY 2008-09
$ 3,234,482
Transfers In
Utility Operating Fund
3,114,085
2,941,737
6 163 663
6,163,663
Expenditures
Debt service
Paying agent fees
Total Expenditures
2,927,538
1,643
2,929,181
Beginning Funds
Excess (Deficiency) of Transfers
In over Expenditures
Ending Funds
184,904
$ 3,234,482
BUDGET
FY 2009-10
$ 3,230,104
% CHNG
BUD/BUD
(0.14%)
2,941,737
2,938,005
(0.13%)
6 176 219
6,176,219
6 176 219
6,176,219
6 168 109
6,168,109
(0 13%)
(0.13%)
2,942,765
3,350
2,946,115
2,942,765
3,350
2,946,115
2,932,259
3,350
2,935,609
(0.36%)
0.00%
(0.36%)
2,396
(154.73%)
(
)
(4,378)
(
)
$ 3,230,104
ESTIMATE
FY 2008-09
$ 3,234,482
(4,378)
(
)
$ 3,230,104
$ 3,232,500
0.07%
CITY OF CARROLLTON
UTILITY FLEET REPLACEMENT FUND
Beginning Funds
Revenues
Fleet replacement allocation
Auction proceeds
Investment income
Total Revenues
Transfer In
Fleet Services Fund
Total Revenues & Transfer In
Expenditures
Allocations
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues Over
Expenditures and Transfers Out
Ending Funds
ACTUAL
FY 2007-08
$ 1,482,685
BUDGET
FY 2008-09
$ 1,030,326
ESTIMATE
FY 2008-09
$ 1,034,318
BUDGET
FY 2009-10
$ 1,161,611
230,381
20,996
56,011
307,388
283,371
15,345
50,000
348,716
276,353
19,500
295,853
285,445
21,158
9,500
316,103
0.73%
37.88%
(81.00%)
(9.35%)
-
-
-
25,270
100.00%
307,388
348,716
295,853
341,373
1,790,073
1,379,042
1,330,171
1,502,984
42,969
712,786
755,755
43,560
408,710
452,270
43,560
125,000
168,560
42,296
288,025
330,321
(2.90%)
(29.53%)
(26.96%)
(448,367)
(103,554)
127,293
11,052
(110.67%)
$ 1,161,611
$ 1,172,663
$ 1,034,318
$
926,772
% CHNG
BUD/BUD
12.74%
(2.11%)
8.99%
26.53%
City of Carrollton
Golf Course Funds
The Golf Funds are enterprise funds used to account
for all costs of Indian Creek Golf Club operations.
These services are financed through customer
charges. These funds include the Golf Operating
Fund, Golf Debt Service Fund and the Golf Fleet
Replacement Fund.
CITY OF CARROLLTON
GOLF COURSE OPERATING FUND
ACTUAL
FY 2007-08
$
335,897
BUDGET
FY 2008-09
$
208,388
ESTIMATE
FY 2008-09
$
259,183
BUDGET
FY 2009-10
$
206,488
% CHNG
BUD/BUD
(0.91%)
Revenues
Rent Income
EAGL Revenue Allocations
Investment Income
Total Revenues
191,411
1,065,375
8,581
1,265,367
193,000
1,141,045
2,500
1,336,545
149,558
1,060,000
3,000
1,212,558
30,185
1,035,272
1,500
1,066,957
(84.36%)
(9.27%)
100.00%
(20.17%)
1,601,264
1,544,933
1,471,741
1,273,445
(17.57%)
Expenditures
Supplies & Services
Allocations
Capital Outlay
Total Expenditures
42,024
455,592
497,616
72,200
460,329
40,000
572,529
72,200
417,467
40,000
529,667
70,000
331,606
20,000
421,606
(3.05%)
(27.96%)
(50.00%)
(26.36%)
Transfers Out
Golf Course Debt Service Fund
Golf Course Capital Projects Fund
Total Transfers Out
416,775
427,690
844,465
412,975
352,941
765,916
412,975
322,611
735,586
413,575
231,476
645,051
0.15%
(34.42%)
(15.78%)
1,342,081
1,338,445
1,265,253
1,066,657
(20.31%)
300
(115.79%)
Total Expenditures &Transfers Out
(76,714)
$
259,183
(1,900)
$
206,488
(52,695)
$
206,488
$
206,788
0.15%
CITY OF CARROLLTON
GOLF COURSE DEBT SERVICE FUND
Beginning Funds
ACTUAL
FY 2007-08
$
-
BUDGET
FY 2008-09
$
-
ESTIMATE
FY 2008-09
$
-
BUDGET
FY 2009-10
$
-
% CHNG
BUD/BUD
0.00%
Transfer In
Golf Operating Fund
416,775
412,975
412,975
413,575
0.15%
416,775
412,975
412,975
413,575
0.15%
Expenditures
Existing debt-principal
Existing debt-interest
Total Expenditures
230,000
186,775
416,775
240,000
172,975
412,975
240,000
172,975
412,975
255,000
158,575
413,575
6.25%
(8.32%)
0.15%
Excess of Transfers In
over Expenditures
Ending Funds
$
-
$
-
$
-
$
-
0.00%
-
0.00%
CITY OF CARROLLTON
GOLF COURSE FLEET REPLACEMENT FUND
ACTUAL
FY 2007-08
$ 220,718
BUDGET
FY 2008-09
$ 354,700
Revenues
Auction proceeds
Investment income
Total Revenues
148,643
1,909
12,573
163,125
149,652
149,652
383,843
504,352
Beginning Funds
Expenditures
Capital outlay
Excess of Revenues
Over Expenditures
Ending Funds
15,317
-
ESTIMATE
FY 2008-09
$ 368,526
BUDGET
FY 2009-10
$ 476,924
% CHNG
BUD/BUD
34.46%
106,790
600
7,300
114,690
30,185
3,000
33,185
(79.83%)
0.00%
100.00%
(77.83%)
483,216
510,109
1.14%
6,292
-
0.00%
147,808
149,652
108,398
33,185
(77.83%)
$ 368,526
$ 504,352
$ 476,924
$ 510,109
1.14%
City of Carrollton
Solid Waste Operating Fund
The Solid Waste Operating Fund is an enterprise
fund used to account for all revenues and expenses
associated with providing solid waste services to the
citizens of Carrollton. These activities are financed
through monthly charges to the citizens for services
rendered.
CITY OF CARROLLTON
SOLID WASTE OPERATING FUND
ACTUAL
FY 2007-08
BUDGET
FY 2008-09
ESTIMATE
FY 2008-09
BUDGET
FY 2009-10
% CHNG
BUD/BUD
$ 485,049
$
86,805
$ 209,838
$ 404,338
365.80%
Revenues
Collection Fees-Residential
Collection Fees-Apartments
Investment Income
Total Revenues
4,588,246
981,054
30,151
5,599,451
6,582,180
1,112,950
20,000
7,715,130
6,641,650
1,130,000
11,500
7,783,150
6,633,000
1,130,000
7,500
7,770,500
0.77%
1.53%
(62.50%)
0.72%
6,084,500
7,801,935
7,992,988
8,174,838
4.78%
Expenditures
Supplies & Services
Utilities
Allocations
Capital Outlay
Total Expenditures
4,748,259
6,359
796,044
5,550,662
6,538,340
8,000
824,790
7,371,130
6,353,780
6,200
818,087
86,583
7,264,650
6,598,877
6,500
792,628
100,000
7,498,005
324,000
324,000
324,000
324,000
0.00%
5,874,662
7,695,130
7,588,650
7,822,005
1.65%
20,000
194,500
$ 106,805
$ 404,338
Transfers Out
General Fund Cart Loan Repayment
Revenues & Transfers In over
(275,211)
$ 209,838
(51,505)
$ 352,833
0.93%
(18.75%)
(3.90%)
100.00%
1.72%
(357.53%)
230.35%
City of Carrollton
Internal Service Funds
Internal Service Funds account for the financing of
goods and services provided by one City department
to another on a cost reimbursement basis. These
funds include: Fleet Services, General Fleet
Replacement, Risk Management, Administrative
Services and Employee Health and Disability.
City of Carrollton
Fleet Services Funds
Fleet Services Fund - The Fleet Services Fund is an
internal service fund used to account for all costs of
providing general vehicle maintenance to all business
units. These activities are financed through charges
to the user departments for services rendered.
General Fleet Replacement - The General Fleet
Replacement Fund accounts for all costs of fleet
replacements for the General Fund operating
department. The activities are financed through
replacement allocations to the user departments,
determined based on their fleet equipment holdings.
CITY OF CARROLLTON
FLEET SERVICES FUND
ACTUAL
FY 2007-08
$
(92,490)
BUDGET
FY 2008-09
$ (50,463)
ESTIMATE
FY 2008-09
$
(20,689)
BUDGET
FY 2009-10
$
298,897
% CHNG
BUD/BUD
0.00%
Revenues
Investment and Miscellanous Income
Total Revenues
3,514,753
(2,263)
3,512,490
3,809,300
3,809,300
3,083,050
3,083,050
3,301,560
3,301,560
(13.33%)
0.00%
(13.33%)
3,420,000
3,758,837
3,062,361
3,600,457
(4.21%)
Expenditures
Personal Services
Supplies & Services
Utilities
Allocations
Canceled Encumbrances
Total Expenditures
822,849
2,329,835
45,429
244,150
(1,574)
3,440,689
851,098
2,612,966
56,096
233,415
3,753,575
768,670
1,719,515
41,977
233,302
2,763,464
836,776
1,948,812
38,152
225,229
3,048,969
(1.68%)
(25.42%)
(31.99%)
(3.51%)
0.00%
(18.77%)
-
-
-
226,218
25,270
251,488
3,440,689
3,753,575
2,763,464
3,300,457
71,801
55,725
319,586
1,103
0.00%
300,000
0.00%
Transfers Out
General Fleet Replacement
Utility Fleet Replacement
Total Transfers Out
Over Expenditures & Transfers Out
$
(20,689)
$
5,262
$
298,897
$
100.00%
100.00%
100.00%
(12.07%)
CITY OF CARROLLTON
GENERAL FLEET REPLACEMENT FUND
Beginning Funds
ACTUAL
2007-08
$ 1,894,287
BUDGET
2008-09
$ 1,040,044
ESTIMATE
2008-09
$ 1,975,200
BUDGET
2009-10
$ 2,017,063
% CHNG
BUD/BUD
93.94%
1,786,127
510,932
87,790
2,384,849
2,167,126
105,000
25,000
2,297,126
1,903,463
75,000
40,000
2,018,463
1,868,649
105,323
23,000
1,996,972
(13.77%)
0.31%
(8.00%)
(13.07%)
328,475
328,475
328,475
328,475
226,218
226,218
(100.00%)
100.00%
(31.13%)
Revenues
Auction proceeds
Investment and Miscellanous Income
Total Revenues
Transfers In
General Fund
Fleet Services Fund
-
Total Revenues and Transfers In
2,384,849
2,625,601
2,346,938
2,223,190
(15.33%)
4,279,136
3,665,645
4,322,138
4,240,253
15.68%
Expenditures
Allocations
Capital outlay
Total Expenditures
202,291
2,101,645
2,303,936
205,075
2,757,654
2,962,729
205,075
2,100,000
2,305,075
199,125
1,795,500
1,994,625
(2.90%)
(34.89%)
(32.68%)
41,863
228,565
(167.80%)
2,245,628
219.47%
Excess (Deficiency) of Revenues &
Transfers In Over Expenditures
and Transfers Out
Ending Funds
80,913
$
1,975,200
(337,128)
$
702,916
$
2,017,063
$
City of Carrollton
Risk Management Fund
The Risk Management Fund is an internal service
fund used to account for the costs associated with the
worker’s compensation, general liability, property
and casualty claims involving the City. These
activities are financed through allocations to the user
departments, which are transferred to this fund in
equal monthly allotments.
CITY OF CARROLLTON
RISK MANAGEMENT FUND
ACTUAL
2007-08
$
2,758,594
BUDGET
2008-09
$
2,918,728
ESTIMATE
2008-09
$
2,975,849
BUDGET
2009-10
$
% CHNG
BUD/BUD
3,332,827
14.19%
Revenues
Investment Income
Total Revenues
2,108,930
198,699
2,307,629
2,003,484
180,000
2,183,484
2,003,484
90,000
2,093,484
1,896,955
45,000
1,941,955
(5.32%)
(75.00%)
(11.06%)
Totals Funds Available
5,066,223
5,102,212
5,069,333
5,274,782
3.38%
234,576
73,301
1,630
105,503
415,010
212,033
45,366
1,680
107,721
366,800
201,471
44,061
1,574
106,371
353,477
211,902
62,536
1,321
102,980
378,739
(0.06%)
37.85%
(21.37%)
(4.40%)
3.25%
Self Insurance Cost :
Insurance Policy Premiums
Legal Fees
Claims Administration Services
Recoveries Fees
Claims Paid
Allocations
Total Self Insurance Cost
353,264
195,507
13,735
(102,770)
1,166,913
48,715
1,675,364
350,620
350,000
10,000
(70,000)
1,126,679
49,385
1,816,684
284,215
350,000
10,000
(172,571)
862,000
49,385
1,383,029
331,000
375,000
10,000
(60,000)
959,264
47,952
1,663,216
(5.60%)
7.14%
0.00%
(14.29%)
(14.86%)
(2.90%)
(8.45%)
Total Expenditures
2,090,374
2,183,484
1,736,506
2,041,955
(6.48%)
Expenditures
Administrative Cost :
Personal Services
Supplies & Services
Utilities
Allocations
Total Administrative Cost
217,255
$
2,975,849
$
2,918,728
356,978
$
3,332,827
(100,000)
$
3,232,827
0.00%
10.76%
City of Carrollton
The Administrative Services Fund accounts for all
the expenditures of the general administrative
departments (i.e. City Manager’s Office, Finance,
Workforce Services, Information Technology and
City Attorney). Funding for this fund is provided by
an allocation of costs to the user departments based
on a detailed cost allocation plan. This allocation to
the user departments is accounted for as a contractual
service in the departments’ expenditure budget.
CITY OF CARROLLTON
ACTUAL
FY 2007-08
$ 2,785,411
BUDGET
FY 2008-09
$ 1,694,911
ESTIMATE
FY 2008-09
$ 1,812,141
BUDGET
FY 2009-10
$ 1,469,027
% CHNG
BUD/BUD
(13.33%)
14,500,135
199,247
139,521
18,204
14,857,107
14,714,468
190,000
120,000
10,000
15,034,468
14,714,468
190,000
40,000
15,000
14,959,468
14,287,560
195,000
15,000
15,000
14,512,560
(2.90%)
2.63%
(87.50%)
50.00%
(3.47%)
397,985
17,061
415,046
403,462
17,296
420,758
403,462
17,296
420,758
368,113
11,833
379,946
(8.76%)
(31.59%)
(9.70%)
15,272,153
15,455,226
15,380,226
14,892,506
(3.64%)
18,057,564
17,150,137
17,192,367
16,361,533
(4.60%)
Expenditures
Personal Services
Supplies & Services
Utilities
Allocations
Capital Outlay
Cancelled Encumbrances
Total Expenditures
6,287,276
8,294,446
181,706
235,060
5,691
(31,716)
14,972,463
6,447,052
8,411,523
176,151
251,277
2,500
15,288,503
6,452,995
8,280,678
160,868
250,214
2,000
(16,131)
15,130,624
6,263,390
8,084,881
144,058
242,401
2,000
14,736,730
(2.85%)
(3.88%)
(18.22%)
(3.53%)
(20.00%)
0.00%
(3.61%)
Revenues
Overhead Allocations
Investment Income
Miscellaneous
Total Revenues
Transfers In
Operating
General Fund
Utility Fund
Total Transfers In
Transfers Out
Operating
Capital Projects Funds - Technology
Replacement
Non-Operating
Total Transfers Out
and Transfers In Over
150,000
-
150,000
16,723
150,000
16,723
150,000
-
0.00%
(100.00%)
1,122,960
1,272,960
425,993
592,716
425,993
592,716
242,634
392,634
(43.04%)
(33.76%)
16,245,423
15,881,219
15,723,340
15,129,364
(4.73%)
(973,270)
$
1,812,141
44
(425,993)
$
1,268,918
30
(343,114)
$
1,469,027
35
(236,858)
$
1,232,169
30
(44.40%)
(2.90%)
CITY OF CARROLLTON
EXPENDITURE DETAIL
ACTUAL
FY 2007-08
GENERAL GOVERNMENT:
City Management:
Personal Services
Supplies & Services
Utilities
Allocations
Marketing Services:
Personal Services
Supplies & Services
Utilities
Allocations
City Attorney:
Personal Services
Supplies & Services
Utilities
Allocations
Capital Outlay
Non-Departmental:
Personal Services
Supplies & Services
ADMINISTRATION:
Finance Administration:
Personal Services
Supplies & Services
Utilities
Allocations
Capital Outlay
Accounting:
Personal Services
Supplies & Services
Utilities
Allocations
$
1,038,929
238,090
16,122
8,968
1,302,109
BUDGET
FY 2008-09
$
973,432
102,717
16,615
10,137
1,102,901
ESTIMATE
FY 2008-09
$
1,000,602
86,673
15,562
10,137
1,112,974
BUDGET
FY 2009-10
$
% CHNG
BUD/BUD
1,001,617
36,612
13,059
9,598
1,060,886
2.90%
(64.36%)
(21.40%)
(5.32%)
(3.81%)
373,898
151,971
2,432
3,943
532,244
305,282
147,880
2,507
4,665
460,334
298,428
122,573
2,658
4,665
428,324
311,777
85,920
2,280
4,442
404,419
2.13%
(41.90%)
(9.05%)
(4.78%)
(12.15%)
623,665
36,429
6,606
3,364
1,805
671,869
639,054
41,153
6,808
3,803
2,000
692,818
619,954
40,403
6,377
3,803
2,000
672,537
622,068
40,151
5,351
3,601
2,000
673,171
(2.66%)
(2.43%)
(21.40%)
(5.31%)
0.00%
(2.84%)
62,895
62,895
28,949
102,517
131,466
57,350
68,167
125,517
(141,855)
108,027
(33,828)
(590.02%)
5.37%
(125.73%)
2,569,117
2,387,519
2,339,352
2,104,648
(11.85%)
410,728
408,036
2,188
3,517
1,625
826,094
400,739
534,888
2,254
3,976
941,857
407,835
535,828
2,112
3,976
949,751
432,527
526,580
1,772
3,765
964,644
7.93%
(1.55%)
(21.38%)
(5.31%)
0.00%
2.42%
545,577
118,388
6,242
5,034
675,241
528,653
128,565
6,432
5,690
669,340
545,356
150,852
6,026
5,690
707,924
526,463
124,850
5,057
5,387
661,757
(0.41%)
(2.89%)
(21.38%)
(5.33%)
(1.13%)
(continued)
CITY OF CARROLLTON
EXPENDITURE DETAIL
ACTUAL
FY 2007-08
ADMINISTRATION (continued):
Budget and
Management Analysis:
Personal Services
$
Supplies & Services
Utilities
Allocations
Purchasing:
Personal Services
Supplies & Services
Utilities
Allocations
General Services:
Personal Services
Supplies & Services
Utilities
Allocations
Utility Customer Service:
Personal Services
Supplies & Services
Utilities
Allocations
Capital Outlay
Information Technology:
Personal Services
Supplies & Services
Utilities
Allocations
Workforce Services:
Personal Services
Supplies & Services
Utilities
Allocations
360,828
12,811
5,183
2,645
381,467
BUDGET
FY 2008-09
$
370,964
21,060
5,340
2,990
400,354
ESTIMATE
FY 2008-09
$
374,333
13,070
5,002
2,990
395,395
BUDGET
FY 2009-10
$
% CHNG
BUD/BUD
351,085
8,430
4,198
2,831
366,544
(5.36%)
(59.97%)
(21.39%)
(5.32%)
(8.45%)
156,672
8,223
1,501
1,313
167,709
157,801
9,360
1,548
1,484
170,193
160,912
7,190
1,455
1,484
171,041
162,027
4,789
1,222
1,405
169,443
2.68%
(48.84%)
(21.06%)
(5.32%)
(0.44%)
116,728
20,586
4,753
2,908
144,975
102,069
22,922
4,898
3,302
133,191
92,089
52,100
4,589
3,302
152,080
103,933
18,824
3,851
3,231
129,839
1.83%
(17.88%)
(21.38%)
(2.15%)
(2.52%)
958,604
352,142
13,248
99,062
2,261
1,425,317
990,866
388,506
13,644
107,303
1,500,319
984,919
359,648
12,774
107,303
1,464,644
1,002,512
349,076
10,731
106,113
1,468,432
1.18%
(10.15%)
(21.35%)
(1.11%)
0.00%
(2.13%)
142,679
5,905,448
38,227
38,877
6,125,231
145,406
5,923,455
38,790
39,863
6,147,514
146,826
5,919,538
36,990
40,633
6,143,987
148,528
5,829,351
31,084
39,860
6,048,823
2.15%
(1.59%)
(19.87%)
(0.01%)
(1.61%)
584,468
149,115
5,778
7,466
746,827
582,594
149,537
5,955
8,439
746,525
561,027
111,327
5,578
8,439
686,371
597,056
110,950
4,681
7,990
720,677
2.48%
(25.80%)
(21.39%)
(5.32%)
(3.46%)
(continued)
CITY OF CARROLLTON
EXPENDITURE DETAIL
ACTUAL
FY 2007-08
ADMINISTRATION (continued):
Facilities Services:
Personal Services
$
Supplies & Services
Utilities
Allocations
Resolution Center:
Personal Services
Supplies & Services
Allocations
Organizational Development:
Personal Services
Supplies & Services
Capital Outlay
Total Administration
Prior years' canceled
encumbrances
Total Expenditures
516,660
821,556
79,426
54,331
1,471,973
BUDGET
FY 2008-09
$
531,709
736,609
71,360
55,519
1,395,197
$
507,249
715,121
61,745
53,686
1,337,801
BUDGET
FY 2009-10
$
% CHNG
BUD/BUD
485,391
738,624
60,772
50,290
1,335,077
(8.71%)
0.27%
(14.84%)
(9.42%)
(4.31%)
456,240
8,319
3,632
468,191
463,556
8,262
4,106
475,924
464,216
5,423
4,106
473,745
459,403
5,535
3,888
468,826
(0.90%)
(33.01%)
(5.31%)
(1.49%)
1,600
437
2,037
225,978
94,092
500
320,570
231,899
92,765
324,664
200,858
97,162
298,020
(11.12%)
3.26%
(100.00%)
(7.03%)
12,435,062
12,900,984
12,807,403
12,632,082
(2.08%)
(31,716)
$
ESTIMATE
FY 2008-09
14,972,463
$
15,288,503
(16,131)
$
15,130,624
$ 14,736,730
0.00%
(3.61%)
(concluded)
City of Carrollton
Employee Health and Disability Fund
The Employee Health and Disability Fund accounts
for the provision of group accident, health and longterm disability insurance coverage for all City
employees and those retirees choosing to stay on
the plan. Resources are provided by employer and
employee premiums.
CITY OF CARROLLTON
EMPLOYEE HEALTH AND DISABILITY FUND
Revenues
Charges for services
Investment income
Total Revenues
Expenditures
Excess (Deficiency) of Revenues and
Transfers In over Expenditures
ACTUAL
FY 2007-08
$ 8,756,101
BUDGET
FY 2008-09
$ 10,436,101
ESTIMATE
FY 2008-09
$ 10,962,967
BUDGET
FY 2009-10
$ 11,462,967
% CHNG
BUD/BUD
9.84%
8,593,373
466,977
9,060,350
8,542,000
400,000
8,942,000
8,530,000
220,000
8,750,000
8,182,560
100,000
8,282,560
(4.21%)
(75.00%)
(7.37%)
17,816,451
19,378,101
19,712,967
19,745,527
1.90%
6,853,484
8,942,000
8,250,000
8,350,000
(6.62%)
2,206,866
$ 10,962,967
$ 10,436,101
500,000
$ 11,462,967
(67,440)
$ 11,395,527
(100.00%)
9.19%
City of Carrollton
Capital Projects Fund
The Capital Project Funds account for financial
resources to be used for the acquisition or
construction of major capital assets and facilities.
Capital Project Funds consist of General Capital,
Community Development, Parks, Streets, Drainage,
Traffic, Utility and Golf Course Funds. These funds
are budgeted on a multi-year basis as the project
expenditures normally cross over fiscal years. The
budgets presented include only new projects to be
budgeted.
City of Carrollton
Capital Improvements Program
General Capital Budget
Resources:
Current FY 09 Resources as of 5/31/09 Cash
Accrued Interest Earnings
Liabilities
Pending Transfers
Pending DART Rail Master Reimbursements
Pending Rent Transit Oriented Development
Pending Court Technology Revenue
Pending Cable Franchise Fees
Pending Interest Income
Pending Byrne Federal Grant Funds
Pending EECBG Grant Funds
Remaining unspent budget amount for
projects in process
Net unobligated balances and contingencies
$ 18,172,866
22,991
(149,929)
8,160,182
35,665
62,300
31,954
114,000
60,576
335,381
1,189,100
(26,703,292)
1,331,794
Future FY 10 Resources Interest Income
Court Technology Fee
Rent Income - Transit Oriented Development
Cable Franchise Fees
Transfer from General and Administrative Funds
2010 GO Bonds
Total Future Resources
136,297
95,000
186,900
228,000
829,295
1,040,000
2,515,492
Total Resources
3,847,286
Additional Projects:
Bond Program - 2010
Fire Station 5
Central Service Center Parking Lot
Retail Redevelopment and Rehabilitation
Cable Franchise Projects
Court Technology Projects
Technology Replacement
Lawson Upgrades
Available for Programming
Contingencies - represents 5.92% of remaining
budgeted funds for active projects
at 5/31/09 and new projects
Total Additional Projects
PROJECTED REMAINING
UNOBLIGATED FUND BALANCE
40,000
200,000
800,000
132,801
294,557
83,125
150,000
205,000
235,189
1,706,614
3,847,286
$
-
City of Carrollton
Community Development Capital Budget
Resources:
Liabilities
Pending Grant Receipts
Pending Neighborhood Partnership Tax
Pending Gravely Center Rent (4210)
Pending Transfers
projects in process
$
10,487,069
16,870
(128,750)
1,260,586
3,675,723
19,760
(7,342,000)
34,957
(7,328,379)
695,836
Future FY 10 Resources Community Development Block Grant Revenue
CDBG Grant- ARRA Revenue
Interest Income
Ad Valorem Tax - Neighborhood Partnership
810,090
212,536
78,653
2,142,020
3,243,299
Total Resources
3,939,135
CDBG Programs -2010
Grant Administration and Planning
NOTICE Program - Park Place Ph II
People Helping People Program
Enhanced Code Enforcement
Neighborhood Partnership Program
CDBG Grant- ARRA
PROJECTED REMAINING
82,525
697,372
30,000
59,975
2,142,020
212,536
714,707
3,939,135
$
-
City of Carrollton
Parks Budget
Resources:
Liabilities
Pending Miscellaneous Income
Pending Transfers
projects in process
$
9,042,220
8,127
(269,535)
30,141
550
60,000
(8,772,855)
98,648
Miscellaneous Income
2010 GO Bonds
67,817
1,700
1,530,000
1,599,517
Total Resources
1,698,165
Bond Program - 2010
Hutton Branch Trail (Denton to Josey)
Furneaux Creek FC Trail
Park Pro-rata projects**
PROJECTED REMAINING
860,000
670,000
166,230
1,935
1,698,165
$
**Park Pro-rata funds are restricted to Park projects located
within the Park District the funds were assessed in.
-
City of Carrollton
Streets Budget
Resources:
Liabilities
Pending DART Revenues
Pending Ad Valorem Tax - Capital Dedicated
Pending Transfers
Pending Dickerson Intergov. Partic. - Denton County
Pending Midway Intergov. Partic. - Collin County
projects in process
$
30,970,153
35,854
(1,753,567)
2,112,419
103,234
3,192,588
(20,000)
813,276
606,644
(33,869,145)
2,191,456
2010 GO Bonds
Frankford Intergov. Partic. - Denton County
Plano Parkway - Denton County
Old Denton Intergov. Partic. - Dallas County
Ad Valorem Tax Street Rehab. / TOD
232,276
11,650,000
2,500,000
750,000
300,000
3,147,517
18,579,793
Total Resources
20,771,249
Bond Program - 2010
Frankford (Josey to Old Denton)
Dickerson (Trinity Mills to Frankford)
Champion Drive (Hutton to Luna)
Diplomat (Luna to City Limits)
Alleys 1
Gold Rush (Sutters Mill to Crooked C)
Furneaux (Frankford to Blue Stem)
Neighborhood Project 1 - Woodlake # 3 Design
Midway Road (International To Hebron)
Ad Valorem Tax Street Rehab. / TOD
Old Denton Road
Plano Parkway
Frankford Road
PROJECTED REMAINING
4,990,000
600,000
2,100,000
800,000
1,050,000
70,000
40,000
1,000,000
1,000,000
3,147,517
300,000
1,500,000
2,500,000
1,673,732
20,771,249
$
-
City of Carrollton
Drainage Budget
Resources:
Liabilities
projects in process
$
9,720,240
16,174
(697,318)
32,401
(8,555,968)
515,529
2010 GO Bonds
72,902
3,905,000
3,977,902
Total Resources
4,493,431
Bond Program - 2010
Hutton Branch HB (Old Mill)
Furneaux Creek FF (Tributary 6E1)
Furneaux Creek (Furneaux-Hebron)
Hutton Branch HA
High Country
Indian Creek Phase One
PROJECTED REMAINING
725,000
1,600,000
500,000
700,000
100,000
280,000
588,431
4,493,431
$
-
City of Carrollton
Traffic Budget
Resources:
Liabilities
Pending Intergovernmental Revenues/Grants
projects in process
$
2,413,982
3,547
(63,345)
377,072
8,047
(2,634,764)
104,539
2010 GO Bonds
Intergovernmental Revenues ATMS - TX DOT
18,105
380,000
55,425
398,105
Total Resources
502,644
Bond Program - 2010
Signals / New rebuild / Coord.
ROW / Intersection Improvements
ATMS Project
PROJECTED REMAINING
300,000
80,000
55,425
67,219
502,644
$
-
City of Carrollton
Tax Increment Financing Reinvestment Zone
Resources:
projects in process
$
125,862
192
420
(136,048)
(9,574)
Ad Valorem Tax - Increment Financing
944
52,974
53,918
Total Resources
44,344
Reinvestment Zone Future Projects
44,344
44,344
PROJECTED REMAINING
$
-
City of Carrollton
Utility Budget
Resources:
Liabilities
Pending Transfers
Pending Intergovernmental Participation
projects in process
$
13,423,437
22,968
(1,074,533)
3,965,000
44,745
84,100
(14,312,648)
2,153,069
2010 Transfers from Utility Fund
100,676
3,965,000
4,065,676
Total Resources
6,218,745
Water and Sewer Rehab Program
Water & Sewer Replacement 2010
PROJECTED REMAINING
3,965,000
1,280,000
973,745
6,218,745
$
-
City of Carrollton
Golf Course Budget
Resources:
Pending Transfers
projects in process
$
90,682
153
322,611
(409,822)
3,624
Future FY 10 Resources Transfer from Golf Operating Fund
231,476
231,476
Total Resources
235,100
Additional Golf Course Projects:
2010 Golf Course Improvements
235,100
235,100
PROJECTED REMAINING
$
-
City of Carrollton
Capital Improvement Plan
The Capital Improvement Plan is a multi-year
planning tool projecting capital needs into future
years.
City of Carrollton
CIPAC Recommendation
FY 2010 Budget
1)
2)
3)
4)
5)
6)
7)
8)
The attached multi-year plan represents the capital spending recommendations for the
upcoming fiscal year and current voter-approved projects scheduled for future years.
As a general rule, the highest priority should be given to completing the projects approved
previously in city bond elections. Exceptions are those projects that due to lack of right-ofway, permitting, sequencing or other delays cannot be completed before other projects that
were approved later.
When additional debt capacity becomes available, projects previously approved by the
voters should be moved up using the priorities set by the City Council’s strategic goals and
related planning documents considering logical sequencing of projects and the ability of
City staff to effectively administer the projects.
Projects should be designed in advance of the bond issue whenever possible.
Outside funding sources should be utilized whenever possible, realizing that this may result
in the reprioritization of projects as outside funding becomes available.
Continue communications to the community by informing citizens through periodic
progress reports.
Sound financial policies as adopted by the council and including an ad valorem tax ratio of
60% to operations and 40% to debt service should be followed.
Completion of Valwood Parkway to President George Bush Turnpike is an important
project to the city. As soon as right of way is acquired, efforts should be made to reprioritize funding so that project can be completed.
City of Carrollton
Fiscal Year 2009-10 Proposed Budget
FY 2010-2015 Capital Improvement Plan ($000's)
CIP
2010
2011
2012
2013
2014
2015
TOTALS
SUMMARY
Parks
$
1,530
$
890
Public Works (Streets/Drainage)
$ 18,655
$
9,950
180
$
-
$ 11,000
Transportation
$
380
$
Water & Wastewater
$
4,165
$
$
$
7,900
300
$
700
$
4,365
$
4,565
$
$
2,195
$
250
$ 10,120
$ 13,840
650
$
1,200
$
550
4,765
$
4,965
$
5,165
$
5,045
$ 71,465
$
3,780
$ 27,990
Public Safety
$
40
$
1,095
$
690
$
910
$
-
$
-
$
2,735
Facilities
Retail Rehabilitation
$
$
200
800
$
$
-
$
$
1,850
400
$
$
-
$
$
-
$
$
-
$
$
2,050
1,200
TOTALS
$ 25,770
$ 16,600
$ 19,385
$ 14,225
$ 18,480
$ 19,805
$ 114,265
CIP
2010
2011
2012
2013
2014
2015
TOTALS
SUMMARY OF SOURCES
GO Bond Program
$ 18,505
$
9,135
$ 11,720
$
6,360
$ 10,415
$ 11,540
$ 67,675
Other Sources
$
$
3,100
$
$
3,100
$
$
$ 15,500
3,100
3,100
3,100
3,100
Revenue Bond Program
$
-
$
-
$
-
$
-
$
-
$
-
Water Replacement Program
Wastewater Replacement Program
$
$
3,100
1,065
$
$
3,250
1,115
$
$
3,400
1,165
$
$
3,550
1,215
$
$
3,700
1,265
$
$
3,850
1,315
$ 17,000
$ 5,825
$ 19,805
$ 114,265
TOTALS
$25,770
$16,600
$19,385
$14,225
$18,480
$
-
City of Carrollton
Parks & Recreation Capital Improvement Plan ($000's)
CIP
2010
2011
2012
2013
2014
2015
TOTALS
BOND PROGRAM:
Neighborhood Parks
275
Skiles Tee Ball Fields
180
Hutton Branch Trail (Denton to Josey)
860
Furneaux Creek FC Trail
670
TOTALS
$ 1,530
250
1,920
890
$
890
$
180
$
-
$ 2,195
$
250
$
525
$
2,100
$
1,750
$
670
$
5,045
City of Carrollton
Public Works Capital Improvement Plan ($000's)
CIP
BOND PROGRAM-STREETS:
Belt Line Rd. (Jackson Dr-IH35)
PGBT Interchange Improvements
Frankford (Josey to Old Denton)
Dickerson (Trinity Mills to Frankford)
Champion Drive(Hutton to Luna)
Diplomat (Luna to City Limits)
Old Mill Road (Briar Grove to Marsh)
Alley Project 1
Gold Rush (Sutters Mill to Crooked C)
Neighborhood Project 2
Alley Project 2
Furneaux (Frankford to Blue Stem)
Alley Project 3
Hartford (Elizabeth to Standridge)
Midway Road (International to Hebron)
Plano Pkwy (Parker to city limits)
Alley Project 4
Unprogram./Construction Conting.
TOTAL BOND PROGRAM - STREETS
2010
2011
2012
2013
2014
1,000
1,000
1,000
4,990
600
2,100
800
1,050
70
40
1,000
1,000
1,100
850
2,000
680
100
410
660
1,050
70
730
90
960
100
180
620
1,000
41
100
$11,650
$ 2,350
$ 4,400
$ 2,130
$ 4,861
2015
TOTALS
2,440 $ 3,440
$ 2,000
$ 4,990
$
600
$ 2,100
$
800
$ 2,100
$ 1,050
$
750
$ 3,510
$ 1,150
$
450
$ 1,000
$
800
1,200 $ 1,300
$ 1,050
800 $ 1,600
$ 1,000
600 $
641
1,150 $ 1,250
150 $
150
$ 6,340 $ 31,731
OTHER FUNDING SOURCES:
Street Rehab Program (AV Tax)
TOTAL OTHER FUNDING SOURCESSTREETS
3,100
3,100
3,100
3,100
3,100
3,100
$ 18,600
$ 3,100
$ 3,100
$ 3,100
$ 3,100
$ 3,100
$ 3,100
$ 18,600
STREET FUNDS TOTAL
$ 14,750
$ 5,450
$ 7,500
$ 5,230
$ 7,961
$ 9,440
$ 50,331
BOND PROGRAM-DRAINAGE:
Hutton Branch HB(Old Mill)
Furneaux Creek FF(Tributary 6E1)
Furneaux Creek(Furneaux-Hebron)
Hutton Branch HA
High Country
Rosemeade Culverts
Indian Creek Phase One
Indian Creek Phase Two
Lower Dudley Branch
Unprogram./Construction Conting.
TOTAL BOND PROGRAM - DRAINAGE
725
1,600
500
700
100
2,000
1,500
900
100
1,900
1,100
280
2,520
500
2,159
2,000
1,800
600
$ 2,159
$ 4,400
150
$ 3,905
$ 4,500
$ 3,500
$ 2,670
$
$
$
$
$
$
$
$
$
$
725
1,600
4,400
2,200
1,000
1,200
2,800
4,659
1,950
600
$ 21,134
City of Carrollton
Public Works Capital Improvement Plan ($000's)
CIP
WATER & WASTEWATER REHAB
PROGRAM:
WASTEWATER PROJECTS
To be allocated wastewater projects
WATER PROJECTS
To be allocated water projects
TOTAL WATER
1,065
1,115
1,165
1,215
1,265
1,315
3,100
$ 3,100
3,250
$ 3,250
3,400
$ 3,400
3,550
$ 3,550
3,700
$ 3,700
3,850
$ 3,850
$ 20,850
$ 20,850
TOTAL WATER & WASTEWATER REHAB
FUND
$ 4,165
$ 4,365
$ 4,565
$ 4,765
$ 4,965
$ 5,165
$ 27,990
TOTAL WATER AND WASTEWATER
$ 4,165
$ 4,365
$ 4,565
$ 4,765
$ 4,965
$ 5,165
$ 27,990
TOTAL PUBLIC WORKS
$ 22,820
$ 14,315
$ 15,565
$ 12,665
$ 15,085
$ 19,005
$ 99,455
2010
2011
2012
2013
2014
2015
TOTALS
$
7,140
City of Carrollton
Transportation Capital Improvement Plan ($000's)
CIP
2010
2011
2012
2013
2014
2015
TOTALS
BOND PROGRAM:
Signals/New Rebuild/Coord.
300
ROW/Intersection Improvements
300
100
80
600
Street Lights
TOTALS
$
380
$
300
$
700
$
350
900
300
300
650
$ 1,200
$
200
$
900
350
$
2,280
$
600
$
3,780
550
City of Carrollton
Public Safety Capital Improvement Plan ($000's)
CIP
BOND PROGRAM:
Police Weight Room
Fire Burn Facility
Fire Station 5
Fire Station 6
Fire Station 8
TOTALS
2010
2011
2012
2013
2014
2015
685
90
40
910
410
250
350
$
40
$
1,095
$
690
$
910
$
-
$
-
TOTALS
$
$
$
$
$
685
1,000
450
250
350
$
2,735
City of Carrollton
Facilities Capital Improvement Plan ($000's)
CIP
BOND PROGRAM:
C. Service Center Parking Lot
TOTALS
2010
2011
2012
200
$
200
2013
2014
2015
1,850
$
-
$
1,850
$
-
$
-
$
-
TOTALS
$
2,050
$
2,050
City of Carrollton
Retail Redevelopment and Rehabilitation Capital Improvement
Plan ($000's)
CIP
BOND PROGRAM:
Retail Redev. & Rehab.
TOTALS
2010
2011
2012
800
$
800
2013
2014
2015
400
$
-
$
400
TOTALS
$ 1,200
$
-
$
-
$
-
$ 1,200
City of Carrollton
CITY OF CARROLLTON
TAX LEVY ANALYSIS
FISCAL YEAR 2009-10
Gross taxable value:
Real property:
Land
Improvements
Business personal property
$
2,976,429,731
6,484,569,052
2,083,632,510
11,544,631,293
Less property exemptions:
Type
Homestead
Over 65
Disabled
Disabled veterans
Totally exempt
Agricultural
Freeport
Capped Value
Other exemptions
883,319,657
255,548,530
21,039,915
6,411,705
655,343,674
71,728,649
440,447,271
6,617,741
773,726
2,341,230,868
Property Under Protest
85,359,662
Net taxable value
9,288,760,087
Estimated Value on Rebatable Property
(103,751,821)
TIRZ Incremental Value
(8,573,608)
Total Estimated Taxable Value
9,176,434,658
Rate per $100.00
0.617875
Total tax levy
56,698,896
Estimated percent collection
98.0%
Estimated current tax collection
$
PERCENT
55,564,918
RATE
AMOUNT
Debt service needs
G.O. debt service
32.72%
0.202181
Operating needs
General Fund
57.76%
0.356875
32,093,433
Neighborhood Part.
3.85%
0.023819
2,142,020
Capital Dedicated
5.66%
0.035000
3,147,517
67.28%
0.415694
37,382,971
100.00%
0.617875
Sub-total - Operating
Total
$
$
18,181,947
55,564,918
City of Carrollton
Analysis of Assessed Valuation
CERTIFIED
ASSESSED
VALUE
FISCAL
YEAR
2001
$
7,045,371,795
EST. VALUE
PROTESTED
PROPERTY
$
45,975,614
TAX
RATE
TOTAL
$
7,091,347,409
$
% CHANGE
IN VALUE
0.599300
11.58%
2002
7,582,552,679
121,631,109
7,704,183,788
0.599300
8.64%
2003
8,035,545,074
133,689,528
8,169,234,602
0.599300
6.04%
2004
8,139,613,187
86,148,277
8,225,761,464
0.599300
0.69%
2005
8,042,575,779
276,585,300
8,319,161,079
0.599300
1.14%
2006
8,178,218,158
277,759,174
8,455,977,332
0.632875
1.64%
2007
8,491,796,090
185,402,484
8,677,198,574
0.632875
2.62%
2008
9,291,057,815
99,881,525
9,390,939,340
0.617875
8.23%
2009
9,086,431,988
436,557,469
9,522,989,457
0.617875
1.41%
2010
9,203,400,425
85,359,662
9,288,760,087
0.617875
-2.46%
City of Carrollton
Taxable Values by Type
Generally, the higher the percentage of commercial and business personal property (BPP)
in a government’s tax base, the lower the property tax rate. This is due to residents
requiring a higher level of service than their property tax typically provides. Tracking
changes in tax values by type over time also shows shifts in tax burdens between
categories of taxpayers.
FY 2004
Total
% of Total
REAL: RESIDENTIAL SINGLE
FAMILY, MOBILE HOMES
REAL: COMMERCIAL,
INDUSTRIAL AND OTHER AND
DALLAS CO ESTIMATED LOSS
BPP: COMMERCIAL
GRAND TOTALS
Tax Rate
Average Homestead Market
Value
Average Homestead Taxable
Value
Average Homestead Tax Bill
Tax Bill per $100,000 Market
Value of Homestead
FY 2009
Total
% of Total
FY 2010
Total
% of Total
FY 09 to FY 10
Change
$ 3,497,357,207
43.08%
$ 4,212,666,092
44.24%
$ 4,236,177,209
45.61%
$
2,803,482,734
1,818,168,766
$ 8,119,008,707
34.53%
22.39%
100.00%
3,746,308,031
1,564,015,334
$ 9,522,989,457
39.34%
16.42%
100.00%
3,550,638,040
1,501,944,838
$ 9,288,760,087
38.23%
16.17%
100.00%
(195,669,991) (5.22%)
(62,070,496) (3.97%)
$ (234,229,370) (2.46%)
$
0.5993
$
0.617875
$
0.617875
$
153,265
$
178,605
$
179,914
$
$
122,331
733
$
$
142,263
879
$
$
143,842
889
$
479
$
494
$
494
FY 2004 - from Dallas CAD Valuation Report with supplemental adjustments as of 7/31/09
FY 2009 and FY 2010 - from Certified and Disputed Property lists provided by CAD's at end of June.
Freeport Exemption effective for FY 2005.
23,511,117
%
Change
0.56%
City of Carrollton
TOTAL TAX-SUPPORTED DEBT SERVICE
FISCAL YEAR
PRINCIPAL
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
$
11,020,000.00
11,480,000.00
11,490,000.00
11,285,000.00
11,730,000.00
11,670,000.00
11,250,000.00
10,880,000.00
10,380,000.00
10,015,000.00
8,965,000.00
8,000,000.00
6,950,000.00
6,225,000.00
5,945,000.00
6,230,000.00
4,815,000.00
3,265,000.00
1,800,000.00
1,890,000.00
TOTAL
$
165,285,000.00
TOTAL
DEBT SERVICE
INTEREST
$
7,354,436.28
6,922,786.28
6,448,731.28
6,044,650.02
5,587,275.02
5,042,418.76
4,533,131.26
4,033,168.76
3,538,956.26
3,065,881.26
2,602,262.52
2,185,355.00
1,817,243.76
1,492,025.00
1,195,237.50
898,537.50
587,575.00
351,625.00
184,500.00
94,500.00
$
18,374,436.28
18,402,786.28
17,938,731.28
17,329,650.02
17,317,275.02
16,712,418.76
15,783,131.26
14,913,168.76
13,918,956.26
13,080,881.26
11,567,262.52
10,185,355.00
8,767,243.76
7,717,025.00
7,140,237.50
7,128,537.50
5,402,575.00
3,616,625.00
1,984,500.00
1,984,500.00
$ 63,980,296.46
$
229,265,296.46
City of Carrollton
DEBT SERVICE SCHEDULE
GENERAL OBLIGATION ISSUE (2000)
ORIGINAL ISSUE SIZE = $13,525,000
FISCAL
YEAR
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
$
TOTAL
$
Accr. Interest Rcvd.
Net Total
TOTAL BONDS
INTEREST
PRINCIPAL
660,000.00
*
*
*
*
*
*
*
*
*
*
$
660,000.00
$
TOTAL
34,980.00
$
694,980.00
-
34,980.00
$
694,980.00
*
*
*
*
*
*
*
*
*
*
$
$
(61,227.66) $
(26,247.66) $
(61,227.66)
633,752.34
Date Issued:
Bond Type:
Paying Agent:
Payment Dates:
05/01/00
Serial
Bank of New York
2/15 & 8/15
5.375%, 5.250%, 5.300%, 5.400%, 5.500%,
5.60%, 5.650%, 5.700%, 5.750%, 6.125%
Coupons Range:
Maturity Years:
8/15/01 thru 8/15/20
$2,610,000 6.125% Term Current Interest Bonds due August 15, 2020
Moody's Rating:
Aa2
S & P's Rating:
AA
Fitch's Rating:
AA+
Underwriter:
Coastal Securities
Callable:
8/15/10 & thereafter @ par
Type:
General Obligation Bonds
Arbitrage Yield:
5.70%; This issue is subject to federal arbitrage rebate provisions.
*These bonds were refunded on March 15, 2005 when the Series 2005 General Obligation
Improvement & Refunding Bonds were issued. The refunded bonds are in an escrow account at
Wells Fargo Bank and will be called for redemption on August 15, 2010.
Debt retired prior to the refunding of the bonds = $1,740,000
Interest paid prior to the refunding of the bonds = $2,745,436.33
Principal Amount Refunded $8,330,000 for maturities from 2011 through 2020.
City of Carrollton
FISCAL
YEAR
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
TOTAL
Net Total
TOTAL BONDS
INTEREST
PRINCIPAL
$
1,100,000.00
1,170,000.00
*
*
*
*
1,470,000.00
1,545,000.00
1,620,000.00
1,700,000.00
1,785,000.00
915,000.00
$
$
11,305,000.00
$
$
$
590,387.50
535,387.50
472,500.00
472,500.00
472,500.00
472,500.00
472,500.00
397,162.50
316,050.00
231,000.00
141,750.00
48,037.50
TOTAL
$
4,622,275.00 $
(103,975.40) $
4,518,299.60 $
1,690,387.50
1,705,387.50
472,500.00
472,500.00
472,500.00
472,500.00
1,942,500.00
1,942,162.50
1,936,050.00
1,931,000.00
1,926,750.00
963,037.50
15,927,275.00
(103,975.40)
15,823,299.60
Date Issued:
05/16/01
Bond Type:
Serial
Paying Agent:
Wells Fargo
Payment Dates:
2/15 & 8/15
Coupons Range:
4.75%, 5.000%, 5.375%, 5.125%, 5.250%
Maturity Years:
8/15/02 thru 8/15/21
$2,700,000 5.25% Term Current Interest Bonds due August 15, 2021
Moody's Rating:
Aa2
S & P's Rating:
AA
Fitch's Rating:
AA+
Underwriter:
Bank of America
Callable:
Type:
Arbitrage Yield:
*These bonds were refunded on March 15, 2005 when the Series 2005 General Obligation Improvement &
Refunding Bonds were issued. The refunded bonds are in an escrow account at Wells Fargo Bank and will be
called for redemption on August 15, 2011.
Debt retired prior to the refunding of the bonds = $2,285,000
Interest paid prior to the refunding of the bonds = $3,919,879.20
Principal Amount Refunded $5,245,000 for maturities from 2012 through 2015.
City of Carrollton
GENERAL OBLIGATION IMP. & REFUND. ISSUE (2002)
FISCAL
YEAR
TOTAL BONDS
INTEREST
PRINCIPAL
TOTAL
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
$
1,040,000.00
1,090,000.00
1,130,000.00
580,000.00
605,000.00
635,000.00
665,000.00
700,000.00
735,000.00
770,000.00
810,000.00
850,000.00
440,000.00
$
481,593.76
436,873.76
388,368.76
337,518.76
311,418.76
283,437.50
253,275.00
220,025.00
185,025.00
148,275.00
108,812.50
67,300.00
23,100.00
$
1,521,593.76
1,526,873.76
1,518,368.76
917,518.76
916,418.76
918,437.50
918,275.00
920,025.00
920,025.00
918,275.00
918,812.50
917,300.00
463,100.00
TOTAL
$
10,050,000.00
$
3,245,023.80
$
13,295,023.80
$
$
(140,925.68) $
3,104,098.12 $
Net Total
Date Issued:
Bond Type:
Paying Agent:
Payment Dates:
Coupons Range:
Maturity Years:
TIC:
Moody's Rating:
S & P's Rating:
Fitch's Rating:
Underwriter:
Callable:
Type:
Arbitrage Yield:
(140,925.68)
13,154,098.12
04/15/02
Serial
JP Morgan (formerly Bank One)
2/15 & 8/15
4.00% to 5.25%
8/15/03 thru 8/15/22
4.54423%
Aa2
AA
AA+
First Southwest Company
City of Carrollton
TAX AND GOLF COURSE SURPLUS REVENUE CERTIFICATES OF OBLIGATION,
TAXABLE SERIES 2002
FISCAL
YEAR
TOTAL BONDS
INTEREST
PRINCIPAL
TOTAL
2010
2011
2012
2013
2014
2015
2016
2017
$
255,000.00
275,000.00
290,000.00
310,000.00
325,000.00
350,000.00
370,000.00
395,000.00
$
158,575.00
143,275.00
126,775.00
109,375.00
90,000.00
69,687.50
47,812.50
24,687.50
$
413,575.00
418,275.00
416,775.00
419,375.00
415,000.00
419,687.50
417,812.50
419,687.50
TOTAL
$
2,570,000.00
$
770,187.50
$
3,340,187.50
$
$
(23,326.04) $
746,861.46 $
Net Total
Date Issued:
Bond Type:
Paying Agent:
Payment Dates:
Coupons Range:
Maturity Years:
TIC:
Moody's Rating:
S & P's Rating:
Fitch's Rating:
Underwriter:
Callable:
Type:
Arbitrage Yield:
(23,326.04)
3,316,861.46
05/21/02
Serial
Bank of New York (formerly JP Morgan Chase // formerly Bank One)
2/15 & 8/15
5.00% to 6.00%
8/15/03 thru 8/15/22
6.05377%
Aa2
AA
AA+
Tax and Golf Course Surplus Revenue Certificates of Obligation, Taxable
Series 2002
This issue is NOT subject to federal arbitrage rebate provisions.
City of Carrollton
FISCAL
YEAR
TOTAL BONDS
INTEREST
PRINCIPAL
TOTAL
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
$
705,000.00
725,000.00
755,000.00
780,000.00
805,000.00
835,000.00
870,000.00
905,000.00
940,000.00
980,000.00
1,020,000.00
1,065,000.00
1,110,000.00
565,000.00
$
466,818.76
445,668.76
423,918.76
398,437.50
371,137.50
338,937.50
305,537.50
270,737.50
234,537.50
196,937.50
157,737.50
115,917.50
71,187.50
24,012.50
$
1,171,818.76
1,170,668.76
1,178,918.76
1,178,437.50
1,176,137.50
1,173,937.50
1,175,537.50
1,175,737.50
1,174,537.50
1,176,937.50
1,177,737.50
1,180,917.50
1,181,187.50
589,012.50
TOTAL
$
12,060,000.00
$
3,821,523.78
$
15,881,523.78
$
$
(40,334.64)
3,781,189.14
$
$
(40,334.64)
15,841,189.14
Net Total
Date Issued:
Bond Type:
Paying Agent:
Payment Dates:
Coupons Range:
Maturity Years:
TIC:
Moody's Rating:
S & P's Rating:
Fitch's Rating:
Underwriter:
Callable:
Type:
Arbitrage Yield:
06/03/03
Serial
Bank of New York (formerly JPMorgan Chase Bank // formerly Bank One)
2/15 & 8/15
3.00% to 4.25%
8/15/04 thru 8/15/23
3.71756539%
Aa2
AA
AA+
UBS Paine Webber
City of Carrollton
GENERAL OBLIGATION IMP. & REFUND. ISSUE (2005)
FISCAL
YEAR
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
$
2,680,000.00
3,470,000.00
4,810,000.00
4,975,000.00
5,165,000.00
5,445,000.00
3,845,000.00
3,660,000.00
3,265,000.00
2,595,000.00
1,675,000.00
1,335,000.00
1,400,000.00
1,470,000.00
1,550,000.00
1,630,000.00
TOTAL
$
48,970,000.00
Net Total
TOTAL BONDS
INTEREST
PRINCIPAL
TOTAL
$
2,247,850.00
2,160,750.00
2,043,637.50
1,875,287.50
1,676,287.50
1,405,125.00
1,132,875.00
940,625.00
757,625.00
594,375.00
464,625.00
380,875.00
314,125.00
244,125.00
166,950.00
85,575.00
$
4,927,850.00
5,630,750.00
6,853,637.50
6,850,287.50
6,841,287.50
6,850,125.00
4,977,875.00
4,600,625.00
4,022,625.00
3,189,375.00
2,139,625.00
1,715,875.00
1,714,125.00
1,714,125.00
1,716,950.00
1,715,575.00
$
16,490,712.50
$
65,460,712.50
$
$
(200,170.84)
16,290,541.66
$
$
(200,170.84)
65,260,541.66
Date Issued:
03/15/05
Bond Type:
Serial
Paying Agent:
Wells Fargo Bank, N.A.
Payment Dates:
2/15 & 8/15
Coupons Range:
2.30% to 3.99%
Maturity Years:
8/15/06 thru 8/15/25
$4,650,000 5.25% Term Current Interest Bonds due August 15, 2025. Priced to yield 4.00%
TIC:
3.95432063%
Moody's Rating:
underlying: Aa2
Aaa with Ambac Ins.
S & P's Rating:
underlying: AA
AAA with Ambac Ins.
Fitch's Rating:
underlying: AA+
AAA with Ambac Ins.
Underwriter:
Callable:
Type:
Arbitrage Yield:
City of Carrollton
GENERAL OBLIGATION IMPROVEMENTS (2006)
FISCAL
YEAR
TOTAL BONDS
PRINCIPAL
INTEREST
TOTAL
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
$
825,000.00
865,000.00
910,000.00
955,000.00
1,000,000.00
1,055,000.00
1,100,000.00
1,150,000.00
1,200,000.00
1,250,000.00
1,305,000.00
1,365,000.00
1,425,000.00
1,490,000.00
1,560,000.00
1,630,000.00
1,700,000.00
$
938,218.76
888,718.76
836,818.76
782,218.76
744,018.76
704,018.76
661,818.76
617,818.76
570,381.26
519,381.26
466,256.26
409,162.50
349,443.76
287,100.00
220,050.00
149,850.00
76,500.00
$
1,763,218.76
1,753,718.76
1,746,818.76
1,737,218.76
1,744,018.76
1,759,018.76
1,761,818.76
1,767,818.76
1,770,381.26
1,769,381.26
1,771,256.26
1,774,162.50
1,774,443.76
1,777,100.00
1,780,050.00
1,779,850.00
1,776,500.00
TOTAL
$
20,785,000.00
$
9,221,775.12
$
30,006,775.12
$
9,221,775.12
$
30,006,775.12
Net Total
Date Issued:
Bond Type:
Paying Agent:
Payment Dates:
Coupons Range:
Maturity Years:
06/01/06
Serial
2/15 & 8/15
6.00%, 4.00%, 4.125%, 4.25%, 4.375%, 4.50%
8/15/07 thru 8/15/26
TIC:
Moody's Rating:
S & P's Rating:
Fitch's Rating:
Underwriter:
Callable:
Type:
Arbitrage Yield:
4.41184445%
underlying: Aa2
Aaa with CIFG Insurance
underlying: AA
AAA with CIFG Insurance
underlying: AA+
AAA with CIFG Insurance
Coastal Securities
City of Carrollton
TAX AND WATERWORKS AND SEWER SYSTEM (LIMITED PLEDGE) REVENUE
FISCAL
YEAR
TOTAL BONDS
INTEREST
PRINCIPAL
TOTAL
2010
2011
$
420,000.00
435,000.00
$
34,200.00
17,400.00
$
454,200.00
452,400.00
TOTAL
$
855,000.00
$
51,600.00
$
906,600.00
$
51,600.00
$
906,600.00
Net Total
Date Issued:
Bond Type:
Paying Agent:
Payment Dates:
Coupons Range:
Maturity Years:
06/01/06
Serial
2/15 & 8/15
4.00%
8/15/07 thru 8/15/11
TIC:
Moody's Rating:
S & P's Rating:
Fitch's Rating:
Underwriter:
Callable:
Type:
Arbitrage Yield:
3.68092869%
underlying: Aa2
underlying: AA
underlying: AA+
First Albany Capital
N/A
Certificates of Obligation
City of Carrollton
GENERAL OBLIGATION IMPROVEMENTS (2007)
FISCAL
YEAR
TOTAL BONDS
INTEREST
PRINCIPAL
TOTAL
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
$
705,000.00
740,000.00
775,000.00
810,000.00
845,000.00
890,000.00
930,000.00
980,000.00
1,030,000.00
1,075,000.00
1,125,000.00
1,175,000.00
1,230,000.00
1,290,000.00
1,350,000.00
1,415,000.00
1,480,000.00
1,550,000.00
$
878,762.50
850,562.50
820,962.50
789,962.50
757,562.50
723,762.50
688,162.50
650,962.50
610,537.50
566,762.50
519,731.26
470,512.50
417,637.50
362,287.50
304,237.50
233,362.50
159,075.00
81,375.00
$
1,583,762.50
1,590,562.50
1,595,962.50
1,599,962.50
1,602,562.50
1,613,762.50
1,618,162.50
1,630,962.50
1,640,537.50
1,641,762.50
1,644,731.26
1,645,512.50
1,647,637.50
1,652,287.50
1,654,237.50
1,648,362.50
1,639,075.00
1,631,375.00
TOTAL
$
19,395,000.00
$
9,886,218.76
$
29,281,218.76
$
9,886,218.76
$
29,281,218.76
Net Total
Date Issued:
Bond Type:
Paying Agent:
Payment Dates:
Coupons Range:
Maturity Years:
08/14/07
Serial
Regions Bank
2/15 & 8/15
4.00% - 4.500%
8/15/08 thru 8/15/27
TIC:
Moody's Rating:
S & P's Rating:
Fitch's Rating:
Callable:
Type:
Arbitrage Yield:
4.638305%
Aaa
AAA
AAA
City of Carrollton
GENERAL OBLIGATION IMPROVEMENT AND REFUNDING BONDS (2009)
FISCAL
YEAR
TOTAL BONDS
INTEREST
PRINCIPAL
TOTAL
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
$
2,630,000.00
2,710,000.00
2,820,000.00
2,875,000.00
2,985,000.00
2,460,000.00
2,000,000.00
1,545,000.00
1,590,000.00
1,645,000.00
1,245,000.00
1,295,000.00
1,345,000.00
1,410,000.00
1,485,000.00
1,555,000.00
1,635,000.00
1,715,000.00
1,800,000.00
1,890,000.00
$
1,523,050.00
1,444,150.00
1,335,750.00
1,279,350.00
1,164,350.00
1,044,950.00
971,150.00
911,150.00
864,800.00
809,150.00
743,350.00
693,550.00
641,750.00
574,500.00
504,000.00
429,750.00
352,000.00
270,250.00
184,500.00
94,500.00
$
4,153,050.00
4,154,150.00
4,155,750.00
4,154,350.00
4,149,350.00
3,504,950.00
2,971,150.00
2,456,150.00
2,454,800.00
2,454,150.00
1,988,350.00
1,988,550.00
1,986,750.00
1,984,500.00
1,989,000.00
1,984,750.00
1,987,000.00
1,985,250.00
1,984,500.00
1,984,500.00
TOTAL
$
38,635,000.00
$
15,836,000.00
$
54,471,000.00
$
15,836,000.00
$
54,471,000.00
Net Total
Date Issued:
Bond Type:
Paying Agent:
Payment Dates:
Coupons Range:
Maturity Years:
05/19/09
General Obligation Improvement & Refunding
Bank of New York Mellon
2/15 & 8/15
2.00% - 5.00%
2009 - 2029
TIC:
Moody's Rating:
S & P's Rating:
Fitch's Rating:
Callable:
Type:
Arbitrage Yield:
3.806%
Aa2
AAA
AA+
08/15/19
General Obligation Improvement & Refunding
City of Carrollton
TOTAL WATERWORKS AND SEWER SYSTEM REVENUE DEBT
SERVICE
FISCAL YEAR
PRINCIPAL
INTEREST
TOTAL
DEBT SERVICE
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
$
1,850,000.00
1,930,000.00
1,620,000.00
1,685,000.00
1,755,000.00
1,275,000.00
1,335,000.00
1,390,000.00
1,445,000.00
1,515,000.00
1,580,000.00
1,650,000.00
1,720,000.00
1,340,000.00
1,055,000.00
1,100,000.00
410,000.00
430,000.00
$
1,082,258.76
1,008,008.76
928,902.52
862,552.52
790,112.52
710,627.52
657,002.52
601,677.52
543,050.02
481,200.02
415,893.76
346,053.76
272,568.76
194,573.76
136,753.76
91,360.00
42,000.00
21,500.00
$
2,932,258.76
2,938,008.76
2,548,902.52
2,547,552.52
2,545,112.52
1,985,627.52
1,992,002.52
1,991,677.52
1,988,050.02
1,996,200.02
1,995,893.76
1,996,053.76
1,992,568.76
1,534,573.76
1,191,753.76
1,191,360.00
452,000.00
451,500.00
TOTAL
$
25,085,000.00
$
9,186,096.48
$
34,271,096.48
City of Carrollton
WATERWORKS AND SEWER SYSTEM REVENUE REFUNDING AND IMPROVEMENT BONDS, SERIES
2002
FISCAL
YEAR
TOTAL BONDS
INTEREST
PRINCIPAL
TOTAL
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
$
1,055,000.00
1,105,000.00
760,000.00
795,000.00
830,000.00
310,000.00
325,000.00
345,000.00
360,000.00
380,000.00
400,000.00
420,000.00
440,000.00
$
360,700.00
313,225.00
263,500.00
228,540.00
191,175.00
152,165.00
137,285.00
121,035.00
103,785.00
85,425.00
65,950.00
45,150.00
23,100.00
$
1,415,700.00
1,418,225.00
1,023,500.00
1,023,540.00
1,021,175.00
462,165.00
462,285.00
466,035.00
463,785.00
465,425.00
465,950.00
465,150.00
463,100.00
TOTAL
$
7,525,000.00
$
2,091,035.00
$
9,616,035.00
$
$
(91,582.07) $
1,999,452.93 $
Net Total
Date Issued:
Bond Type:
Paying Agent:
Payment Dates:
Coupons Range:
Maturity Years:
TIC:
Moody's Rating:
S & P's Rating:
Fitch's Rating:
Underwriter:
Callable:
Type:
Arbitrage Yield:
(91,582.07)
9,524,452.93
04/15/02
Serial
Bank of New York (formerly JP Morgan // formerly Bank One)
11/01 & 5/01
4.00% to 5.25%
5/1/03 thru 5/1/22
4.64439%
Aa3
AA
AA
Water & Sanitary Sewer Revenue
City of Carrollton
WATERWORKS AND SEWER SYSTEM REVENUE BONDS, SERIES 2003
FISCAL
YEAR
TOTAL BONDS
PRINCIPAL
INTEREST
TOTAL
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
$
200,000.00
205,000.00
215,000.00
220,000.00
230,000.00
240,000.00
250,000.00
255,000.00
265,000.00
280,000.00
290,000.00
305,000.00
315,000.00
330,000.00
$
139,225.00
133,225.00
127,075.00
120,410.00
113,260.00
101,760.00
93,240.00
83,990.00
74,300.00
63,965.00
52,765.00
40,875.00
28,065.00
14,520.00
$
339,225.00
338,225.00
342,075.00
340,410.00
343,260.00
341,760.00
343,240.00
338,990.00
339,300.00
343,965.00
342,765.00
345,875.00
343,065.00
344,520.00
TOTAL
$
3,600,000.00
$
1,186,675.00
$
4,786,675.00
$
$
(11,949.65) $
1,174,725.35 $
Net Total
Date Issued:
Bond Type:
Paying Agent:
Payment Dates:
Coupons Range:
Maturity Years:
TIC:
Moody's Rating:
S & P's Rating:
Fitch's Rating:
Underwriter:
Callable:
Type:
Arbitrage Yield:
(11,949.65)
4,774,725.35
05/01/03
Serial
Bank of New York (formerly JP Morgan // formerly Bank One)
11/01 & 5/01
3.00% to 5.00%
5/1/04 thru 5/1/23
3.80984327%
Aa3
AA
AA
UBS Paine Webber
City of Carrollton
FISCAL
YEAR
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TOTAL
Net Total
Date Issued:
Bond Type:
Paying Agent:
Payment Dates:
Coupons Range:
Maturity Years:
TIC:
Moody's Rating:
S & P's Rating:
Fitch's Rating:
Underwriter:
Callable:
Type:
Arbitrage Yield:
PRINCIPAL
400,000.00
415,000.00
430,000.00
445,000.00
460,000.00
480,000.00
500,000.00
515,000.00
535,000.00
555,000.00
580,000.00
600,000.00
625,000.00
650,000.00
680,000.00
705,000.00
8,575,000.00
TOTAL BONDS
INTEREST
332,865.00
320,865.00
306,858.76
291,808.76
274,008.76
255,608.76
236,408.76
218,283.76
198,971.26
178,641.26
157,135.00
133,935.00
109,935.00
84,310.00
57,660.00
29,610.00
3,186,905.08
(31,105.42)
3,155,799.66
TOTAL
732,865.00
735,865.00
736,858.76
736,808.76
734,008.76
735,608.76
736,408.76
733,283.76
733,971.26
733,641.26
737,135.00
733,935.00
734,935.00
734,310.00
737,660.00
734,610.00
11,761,905.08
(31,105.42)
11,730,799.66
03/15/05
Serial
11/01 & 5/01
2.50% - 4.20%
5/1/06 thru 5/1/25
4.01135129%
underlying: Aa3
Aaa with Ambac Ins.
AAA with Ambac Ins.
underlying: AA
AAA with Ambac Ins.
underlying: AA
First Southwest
City of Carrollton
FISCAL
YEAR
TOTAL BONDS
INTEREST
PRINCIPAL
TOTAL
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
$
195,000.00
205,000.00
215,000.00
225,000.00
235,000.00
245,000.00
260,000.00
275,000.00
285,000.00
300,000.00
310,000.00
325,000.00
340,000.00
360,000.00
375,000.00
395,000.00
410,000.00
430,000.00
$
249,468.76
240,693.76
231,468.76
221,793.76
211,668.76
201,093.76
190,068.76
178,368.76
165,993.76
153,168.76
140,043.76
126,093.76
111,468.76
95,743.76
79,093.76
61,750.00
42,000.00
21,500.00
$
444,468.76
445,693.76
446,468.76
446,793.76
446,668.76
446,093.76
450,068.76
453,368.76
450,993.76
453,168.76
450,043.76
451,093.76
451,468.76
455,743.76
454,093.76
456,750.00
452,000.00
451,500.00
TOTAL
$
5,385,000.00
$
2,721,481.40
$
8,106,481.40
Date Issued:
Bond Type:
Paying Agent:
Payment Dates:
Coupons Range:
Maturity Years:
TIC:
Moody's Rating:
S & P's Rating:
Fitch's Rating:
Underwriter:
Callable:
Type:
Arbitrage Yield:
08/14/07
Serial
11/01 & 5/01
4.375% - 4.625%
5/1/08 thru 5/1/27
4.593%
Aaa/Aa3
AAA/AA
AAA/AA+
Coastal Securities
4.538%
City of Carrollton
Outstanding Indebtedness
The following section is a description of all
outstanding bonded indebtedness, showing the
amount, date of issue, rates of interest and the
maturity date by issuance.
City of Carrollton
GLOSSARY OF TERMS
Accrual Accounting - The basis of
accounting where transactions are recognized
in the financial statements when they occur,
regardless of when cash is actually received or
spent.
Budget Amendment - The City Council is
permitted by state statute to amend the Budget
Ordinance at anytime during the fiscal year,
bringing about a change in the total
appropriation for a fund.
Ad Valorem Tax - See Property Tax.
Capital Improvements Program Budget - A
Capital Improvement Program (CIP) Budget is
a separate budget from the operating budget.
Items in the CIP are usually construction
projects or major capital purchases designed to
improve and maintain the value of the City's
assets.
Appropriation - A legal authorization granted
by a legislative body to make expenditures and
incur obligations for specific purposes. An
appropriation is usually limited in amount and
as to the time when it may be expended.
Appropriation Ordinance - An ordinance
which gives appropriations legal effect. It is
the method by which the expenditure side of
the annual operating budget is enacted into law
by the City Council.
CIPAC - Capital Improvement Plan Advisory
Committee.
Assessed Valuation - Valuation set upon real
estate or other property by a government as a
basis for levying taxes. (Note: Assessed
valuations are established by the Dallas
County Appraisal District).
Debt Service - The City's obligation to pay the
principal and interest of all bonds and other
debt instruments according to a predetermined payment schedule.
Bond - A written promise to pay a specified
sum of money, called the face value or
principle amount, at a specified date or dates
in the future, called the maturity date(s),
together with periodic interest at a specified
rate. The most common types of bonds are
general obligation and revenue. Bonds are
most frequently used to finance the
construction of large capital projects.
Budget - A plan of financial operation that
links all planned revenues and expenditures
with various municipal services. The term
"budget" usually indicates a financial plan for
a single fiscal year.
CDBG - Community Development Block
Grant.
Debt Service Fund - A fund established to
account for the accumulation of resources for,
and the payment of, general long term debt
principal and interest. May also be called a
Sinking Fund.
Delinquent Taxes - Taxes remaining unpaid
on and after the date on which a penalty for
non-payment is attached.
Encumbrances - The pledge to expend
appropriated funds to purchase an item or
service. To encumber funds means to set aside
funds for future expenditures.
City of Carrollton
Estimated Revenue - The amount of
projected revenue to be collected during the
fiscal year.
Executive Team – group consisting of the
City Manager, Assistant City Manager’s,
Director of Strategic Planning & Competition
Assistant to the City Manager, Marketing
Director and City Secretary.
Expenditure - The actual outflow of funds
paid for an asset obtained or goods and
services obtained.
Fiscal Year - A 12-month period to which the
annual operating budget applies and at the end
of which the City determines its financial
position and the results of its operations. The
Fiscal Year for Carrollton begins October 1,
and ends September 30.
Fixed Assets - Assets of a long term character
which are intended to continue to be held or
used, such as land, buildings, machinery and
equipment.
Fund - A fiscal and accounting entity with a
self-balancing set of accounts that records all
financial transactions for specific activities or
government functions. Commonly used funds
in public accounting are: general fund, special
revenue funds, debt service fund, capital
project funds, enterprise funds, and internal
service funds.
Fund Balance - The excess of assets over
liabilities, and is therefore known as surplus
funds.
General Obligation Bonds - Bonds for the
payment of which the full faith and credit of
the City are pledged.
Interfund Transfers - Amounts transferred
from one fund to another.
Line-Item Budget - A budget that lists each
expenditure category (personnel, supplies and
services, allocations, utilities, etc.) separately,
along with the dollar amount budgeted for
each specified category.
Modified Accrual Accounting - A basis of
accounting in which expenditures are accrued
but revenues are accounted when they are
measurable and available to pay current
liabilities. This accounting technique is a
combination of cash and accrual accounting
since expenditures are immediately incurred as
a liability while revenues are not recorded until
they are measurable and available to pay
current liabilities. This type of accounting
basis is conservative and is recommended as
the standard for most governmental funds.
Operating Budget - The plans of current
expenditures and the proposed means of
financing them. The annual operating budget
is the primary means by which most of the
financing, acquisition, spending, and service
delivery activities of a government are
controlled. The use of annual operating
budgets is usually required by law.
Ordinance - A formal legislative enactment
by the governing board of a municipality. If it
is not in conflict with any higher form of law,
such as a state statute or constitutional
provision, it has the full force and effect of law
within the boundaries of the municipality to
which it applies.
Payment in Lieu of Taxes (PILOT) – A
transfer of funds from the Utility Fund to the
General Fund, calculated as an estimate of
what the Utility Fund would pay to the City in
ad valorem and franchise taxes if it were a
separate entity.
PILOT - See Payment in Lieu of Taxes.
City of Carrollton
Property Tax - Taxes that are levied on both
real and personal property according to the
property's assessed valuation and tax rate.
Reimbursements - Reimbursements budgeted
with the various cost centers represent receipts
from other departments or individuals to cover
a portion of the business unit's expenditures
that were directly related to services provided
to the reimbursing department or individual.
Reserve - An account used to earmark a
portion of fund balance to indicate that it is not
appropriate for expenditure. A reserve may
also be an account used to earmark a portion
of fund equity as legally segregated for a
specific future use.
Revenue - Funds that the City receives as
income.
It includes such items as tax
payments, fees from specific services, receipts
from other governments, fines, forfeitures,
grants, shared revenues, and interest income.
Revenue Bonds - Bonds whose principal and
interest are payable exclusively from earnings
of an Enterprise Fund.
Sinking Fund - See Debt Service Fund
Taxes - Compulsory charges levied by a
government for the purpose of financing
services performed for the common benefit.
This term does not include specific charges
made against particular persons or property for
current or permanent benefits such as special
assessments. Neither does the term include
charges for services rendered only to those
paying such charges, for example, sanitation
service charges.
Transit-Orient Development - The strategy
of planned and controlled development of
property in the vicinity of future Dallas Area
Rapid Transit (DART) light-rail stations.
Transfers In / Transfers Out – See Interfund
Transfers.

FY2010 Budget - City of Carrollton, TX

Transcription

Similar documents

Doing business in the Netherlands

The California Society of Municipal Finance Officers (CSMFO

TAX CODE OF FINANCING ROMANIAN SPORT CLUBS

A Guide to Financial Fitness

Yellow Pages Limited Investor Presentation – June 2015

Suretech Solutions - Enterprise Ireland

York Citizens Advice Bureau – How did our advice help you?

Annual Report 2002