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Ordinance 2024-25 ORDINANCE NO. 2024-25 AN ORDINANCE OF THE CITY OF WYLIE, TEXAS, ADOPTING A BUDGET AND APPROPRIATING RESOURCES FOR FISCAL YEAR 2024-2025, BEGINNING OCTOBER 1, 2024, AND ENDING SEPTEMBER 30, 2025; REPEALING ALL CONFLICTING ORDINANCES; CONTAINING A SEVERABILITY CLAUSE; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS,the City Manager and staff have prepared and filed with the City Secretary a proposed budget for operation of the City during Fiscal Year 2024-2025; and WHEREAS, the proposed budget appears to be in form and substance which fully complies with all applicable provisions of the City Charter and State law; and WHEREAS,the proposed budget has been available for public inspection and review; and WHEREAS, the City Council on August 27, 2024, conducted a public hearing to receive input from the citizens of the City concerning the content of the budget; and WHEREAS, the Council having considered the proposed budget at length, and having provided input into its preparation, has determined that the proposed budget and the revenues and expenditures contained therein is in the best interest of the City and therefore desires to adopt the same by formal action; NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF WYLIE,TEXAS: Section 1. That the proposed budget of the revenues of the City and the expenses of conducting the affairs thereof, as summarized in the attached Exhibit A and fully incorporated herein by reference,be, and the same hereby is, completely adopted and approved as the Budget for the City for Fiscal Year 2024- 2025. Section 2. That the sum of one hundred eighty-seven million, eight hundred thirty thousand, six hundred twenty-three dollars, $187,830,623 is hereby appropriated for the City's FY 2024-2025 Budget. These funds are payment of operating, capital,and debt service expenses associated with the operation and administration of the City according to the various purposes and intents described in the FY 2024-2025 budget document. Section 3. The specific authority is hereby given to the City Manager to transfer appropriations budgeted from an account classification or activity to another within any individual department or activity; and to transfer appropriations from designated appropriations to any individual department or activity as provided in the City Charter. Section 4. Should any paragraph,sentence,sub-division,clause,phrase or section of this ordinance be adjudged or held to be unconstitutional, illegal, or invalid, the same shall not affect the validity of this ordinance as a whole or any part or provision thereof, other than the part or parts as declared to be invalid, illegal, or unconstitutional. Section 5. This ordinance shall be in full force and effect from and after its adoption by the City Council pursuant to the law and the City Charter. Ordinance No. 2024-25 Approval of Budget FY 2024-2025 Page 1 of 2 Section 6. That all other ordinances and code provisions in conflict herewith are hereby repealed to the extent of any such conflict or inconsistency. DULY PASSED AND APPROVED by the City Council of the City of Wylie, Texas, on this the 27`h day of August, 2024. Matthew Porter, Mayor ATTEST: Stephanie Storm, City Secretary Ordinance No. 2024-25 Approval of Budget FY 2024-2025 Page 2 of 2 FY2025 PROPOSED BUDGET NOTICE FOR THE CITY OF WYLIE This budget will raise more total property taxes than last year's budget by $3,108,597 or 8.14%, and of that amount, $1,151,646 is tax revenue to be raised from new property added to the tax roll this year. NOTICE OF PUBLIC HEARING AND BUDGET SUMMARY FOR FY2025 CITY OF WYLIE NOTICE IS HEREBY GIVEN,pursuant to Article VII Section 3 of the City of Wylie City Charter,that the Wylie City Council will conduct a public hearing on the proposed City Budget for Fiscal Year 2025 on the 27th day of August 2024,at 6:00 p.m.in the Council Chambers of the Wylie Municipal Complex,300 Country Club Rd,Wylie,TX.Copies of the proposed budget are available for inspection by the public at the Rita and Truett Smith Public Library,the City Secretary's Office and the City Manager's Office during regular business hours,and can be viewed online at www.wylietexas. gov/departments/finance/budget.php. The following is a General Summary of the budget which has been proposed. SUMMARY OF REVENUES,EXPENDITURES,AND CHANGES IN FUND BALANCE ALL OPERATING AND CAPITAL FUNDS FISCAL YEAR 2024-2025 BUDGET DEBT SERVICE FUNDS PROPRIETARY FUND SPECIAL CAPITAL GENERAL REVENUE G O DEBT 4B DEBT PROJECTS TOTAL ALL FUND FUNDS SERVICE SERVICE FUNDS UTILITY FUND FUNDS ESTIMATED BEGINNING BALANCES $ 25,982,232 $ 17,907,448 $ 882,531 $ 13,653 $ 62,277,906 $ 34,850,784 141,914,554 REVENUES: Ad Valorem Taxes 35,230,839 - 9,889,057 - - 45,119,896 Non-Property Taxes 10,063,234 10,220,434 - - 20,283,668 Franchise Fees 2,955,800 - - - - - 2,955,800 Licenses&Permits 1,046,000 40,000 1,086,000 Intergovernmental 5,049,926 - 1,378,554 - 6,428,480 Service Fees 6,459,688 1,273,000 1,610,000 31,210,578 40,553,266 Court Fees 350,750 25,500 - - - - 376,250 Interest&Misc.Income 1,760,500 4,708,769 90,000 9,000 2,226,766 1,040,000 9,835,035 TOTAL REVENUES 62,916,737 16,267,703 9,979,057 9,000 5,215,320 32,250,578 126,638,395 Transfers from Other Funds 2,719,410 36,000 - 390,775 - - 3,146,185 Issuance of Long Term Debt - - - - - - - TOTAL AVAILABLE RESOURCES 91,618,379 34,211,151 10,861,588 413,428 67,493,226 67,101,362 271,699,134 EXPENDITURES: General Government 16,174,849 17,250 - - - - 16,192,099 Public Safety 41,415,118 576,001 41,991,119 Development Services 1,475,299 - 1,475,299 Streets 5,940,072 - 5,840,022 Community Services 5,143,517 9,259,767 14,403,284 Utilities - - - - 28,731,273 28,731,273 Debt Service 10,548,987 390,775 - 1,432,467 12,372,229 Capital Projects - - 46,828,089 1,573,368 48,401,457 Economic Development - 15,277,656 - - - 15,277,656 TOTAL EXPENDITURES 70,048,805 25,130,674 10,548,987 390,775 46,828,089 31,737,108 184,684,438 Transfers to Other Funds - 426,775 - - 2,719,410 3,146,185 ENDING FUND BALANCE $ 21,569,574 $ 8,653,702 $ 312,601 $ 22,653 $ 20,665,137 $ 32,644,844 $ 83,868,511 TOTAL REVENUES $ 129,784,580 NET DECREASE(INCREASE)IN FUND BALANCE 58,046,043 TOTAL APPROPRIABLE FUNDS $ 187,830,623