STRATEGIC PRIORITY: Government Performance and Financial Management
AGENDA DATE: September 23, 2020
COUNCIL DISTRICT(S): N/A
DEPARTMENT: Office of Budget
EXECUTIVE: Elizabeth Reich
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SUBJECT
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Final reading and adoption of the appropriation ordinance for the FY 2020-21 City of Dallas Operating, Capital, and Grant & Trust Budgets - Not to exceed $4,059,863,935 - Financing: General Fund ($1,436,214,633), General Obligation Debt Service Fund ($316,672,860), Enterprise, Internal Service, and Other Funds ($1,348,620,733), Capital Funds ($879,192,120), Grants, Trusts, and Other Funds ($74,176,634), and Employee Retirement Fund ($4,986,955)
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BACKGROUND
In accordance with the Charter of the City of Dallas and prior to August 15, the City Manager recommended to the City Council a budget for the upcoming fiscal year. The fiscal year will begin on October 1, 2020 and end on September 30, 2021.
The annual budget for FY 2020-21 was recommended by the City Manager on August 11, 2020. The City Council passed the first reading of the appropriation ordinance on September 9, 2020. The proposed budget was published in the official newspaper of the City, in accordance with the City Charter. Council amendments that received support from at least eight council members through the straw poll process on September 2, 2020 and amendments approved on September 9, 2020 have been incorporated into the ordinance. This action approves the final reading and adoption of the appropriation ordinance for the FY 2020-21 budget.
PRIOR ACTION/REVIEW (COUNCIL, BOARDS, COMMISSIONS)
City Council was briefed on the FY 2020-21 proposed and FY 2021-22 planned budget on August 11, 2020.
On August 12, 2020, City Council authorized a public hearing to be held on August 26, 2020 on the FY 2019-20 Operating, Capital, and Grant & Trust Budgets by Resolution No.20-1147.
On August 26, 2019, City Council held a public hearing to receive comments on the proposed FY 2020-21 Operating, Capital, and Grant & Trust Budgets by Resolution No. 20-1284.
City Council held a Budget Workshop and considered amendments on September 2, 2020.
On September 9, 2020, City Council approved additional amendments and the first reading of the appropriation ordinance for the proposed FY 2020-21 Operating, Capital, and Grant & Trust Budgets by Resolution No. 20-1342.
FISCAL INFORMATION
General Fund - $1,436,214,633
General Obligation Debt Service Fund - $316,672,860
Capital Funds - $879,192,120
Enterprise Funds, Internal Service, and Other Funds - $1,348,620,733
Grants, Trust, and Other Funds - $74,176,634
Employees Retirement Fund - $4,986,955
Grand Total: $4,059,863,935