Budget In Brief - Fairview -- Welcome to Fairview_ Texas

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Budget In Brief - Fairview -- Welcome to Fairview_ Texas Powered By Docstoc
					                                                BUDGET

The town adopts an operating budget each fiscal year, effective on October 1. The budget is divided
into separate accounts called funds, which reflect the specific purposes of various revenues and
expenditures. Each fund separately as well as the budget as a whole must be balanced, meaning
projected revenues must equal or exceed expenditures each year. Fairview operates six funds: General
(basic municipal operations), Debt Service (payments for bond sales), Utilities (water and sewer), Capital
(large, often multi-year projects), Stormwater (drainage utility), and EDC/CDC (extra $0.01 sales tax).

Budgets are adopted by the town council following public meetings, including a minimum of two public
hearings on the budget and the tax rate. These meetings typically occur in August and September each
year. The town also maintains a five-year Capital Improvements Plan, or CIP, to help plan and finance
larger projects and purchases such as heavy equipment, street and drainage improvements, water and
sewer infrastructure, parks, and buildings.



 RESOURCES                                               EXPENDITURES
 Property taxes             3,714,890                    Legal, Admin., Misc.            999,539
 Sales tax                  1,149,974                    Court                           151,117
 Other taxes                  389,000                    Utilities                     2,431,171
 Fees                         346,083                    Economic Devt.                  568,000
 Court fines                  264,455                    Planning                        171,926
 Solid waste                  473,689                    Engin., Inspects                442,730
                                                         Police                        1,383,714
 Miscellaneous                380,591
                                                         Parks                            61,245
 Interest                     229,000
                                                         Fire & EMS                    1,100,212
 Utilities                  3,095,778                    Debt                          2,062,559
 TOTAL REVENUES            10,043,460                    Public Works                    671,247
                                                         TOTAL EXPENSES               10,043,460
                                                REVENUES

The largest single source of revenue for Fairview is ad valorem or property taxes. The current tax rate is
$0.365 per $100 of valuation. Property tax revenues are divided between the General Fund (47.7%) and
the Debt Service Fund (52.3%).

The town collects three sales taxes: the regular one cent general sales tax; an extra one-half cent
economic development, or 4A, sales tax; and an extra one-half cent community development, or 4B,
sales tax. Other taxes include franchise fees on gas, electric, cable, and telecommunications.

Fees and charges for service include building permits, planning fees, billboard permits, licensing, etc.
Court includes fees, fines, and other payments made to the Fairview Municipal Court for local code
violations including traffic citations, property code violations, and some misdemeanors.

Solid waste includes payments made to the town for weekly and monthly trash, bulk, and recycling
collections to reimburse the town for the cost of its franchise trash and recycling hauler. Utilities include
payments for water and sewer usage, as well as monthly drainage fees.

The town also collects various other revenues, including interest paid on investments, grants from other
jurisdictions, reimbursements and refunds, leased space on water towers, etc.
                                             EXPENDITURES

Administration & Miscellaneous includes accounting, town manager, mayor & council, town secretary,
IT, human resources, legal fees, and certain other costs that do not fit into a single department or
category. Planning includes part-time planning staff that are responsible for planning, zoning, annex-
ations, platting, and other related issues. Engineering& Inspections includes the town engineer,
planning director, building inspections and permitting, and construction inspections.

Court includes the cost of the court administrator and one part-time court clerk, plus jury fees, and the
cost of the municipal judge and prosecuting attorney.

Utilities includes personnel costs, supplies, equipment, water meters, materials, etc., plus the electricity
required to run the town’s pumps and motors, as well as significant payments to the North Texas
Municipal Water District for the wholesale purchase of treated water and the treatment and disposal of
wastewater.

Public works includes staffing, supplies, and materials for maintenance of roads and road signs, drainage
work, mowing, and payments to the town’s franchise solid waste and recycling hauler. Parks includes
one employee and other costs associated with maintaining the town’s parks and town hall grounds, and
making miscellaneous repairs thereon.

Public safety functions include the police department, made up of twelve paid officers and a chief; the
fire department, which includes 16 paid part-time firefighters and many more volunteer firefighters; and
EMS, or emergency medical service, which pays the cost for a full-time contract ambulance service
offering advanced life support.

				
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