[Prosper Town Council ]
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EVERYBODY. IT'S 5 45 WELCOME TO THE PROSPER TOWN COUNCIL MEETING TODAY IS TUESDAY, AUGUST 9TH 2022. AND I'LL CALL THIS MEETING TO ORDER. TONIGHT IN ATTENDANCE. WE HAVE COUNCILMAN COTTON COUNCILMAN KERN. COUNCILMAN ANDRES COUNCILWOMAN BARTLEY. AND I AM FILLING IN FOR OUR MAYOR WHO IS OUT OF TOWN. MY NAME IS JEFF HODGES. UM NEXT, WE WILL HAVE THE INVOCATION. AND TO DO THAT FOR US TONIGHT WILL BE CRAIG ANDERS. THAT'S REAL QUICK. DEAR LORD LIKE TO ASK YOUR BLESSING UPON THIS MEETING, UM GUIDE US WITH YOUR WISDOM. GOD, THIS COMMUNITY AS YOU ALWAYS DO, UM HELP US WITH TO BE PATIENT. TO LOOK TO YOU FOR WISDOM. WE ASK YOU TO BE WITH THE MEMBERS OF OUR GROUP THAT ARE NOT HERE TONIGHT. UH HELP THEM, BE SAFE TRAVELS AND BRING THEM BACK TO US. LIKE TO ASK YOU TO LOOK UPON OUR COMMUNITY. AND TAKE CARE OF ALL THOSE WHO ARE STRUGGLING RIGHT NOW, THROUGH A LONG, HOT SUMMER INTERVIEW WITH THEM. AND SHOW US THE WAY THAT WE CAN HELP. IN THEIR SITUATION. WE ASK THIS IN THE NAME OF YOUR SON JESUS CHRIST. I WENT OUT TO PLEDGE WILL YOU JUST ALLEGIANCE AND FOLLOWED BY THE PLEDGE THE TEXAS FLAG? CONGRATULATIONS.
TEXAS FLAG. I UNDERSTAND. NEXT IS COUNCILMAN KERN WITH THE ANNOUNCEMENTS. GOOD EVENING JOIN US FOR THE NEXT DISCOVER DOWNTOWN EVENT SERIES ON SATURDAY, SEPTEMBER 10TH FOR PAUSE ON BROADWAY. AND IT'S GONNA BE FROM 1 TO 4 P.M. BRING YOUR PUP DOWNTOWN TO ENJOY BALL PITS MANY POOLS OBSTACLE COURSES. PAUL PAINTING AND PLAYFUL COMPETITIONS. EXHIBITS WILL ALSO BE ON SITE FEATURING DOG TREATS DOG TRAINERS, DOG SPAS AND RESORTS, ANIMAL CLINICS AND THE COLLIN COUNTY ANIMAL SHELTER. RESIDENTS CAN HUNT TREES AT PART OF THE PARK AND RECREATIONS ANNUAL CHAMPION TREE CONTEST. THE SPEECH. E SPECIES OF THE TREE HUNT WILL BE POSTED ON PARKS AND RECS FACEBOOK PAGE ON THURSDAY. SEPTEMBER 15TH. AN ONLINE ENTRY FORM WILL BE AVAILABLE WITH THE WINNING TREE TO BE ANNOUNCED THAT THE PROSPER ARBOR DAY CELEBRATION ON SATURDAY, NOVEMBER 5TH. JOIN US, ALSO FOR A MOONLIGHT MOVIE FEATURING THE FAMILY FILM AND CONVENTO AS PART OF THE DISCOVERY DOWNTOWN SERIES ON SEPTEMBER SATURDAY, SEPTEMBER 24TH, WHICH WAS PREVIOUSLY RESCHEDULED FROM THE AUGUST 13TH DUE TO EXTREME HEAT CONDITIONS.
THE EVENT KICKS OFF A STROLLING MOVIE CHARACTERS, LAWN GAMES, BALLOON ARTISTS SHAVED ICE AND POPCORN. GAMES WILL BE OPEN AT SEVEN WITH THE MOVIE BEGINNING AT 8 30. FOR MORE INFORMATION, VISIT THE EVENTS PAGE FROM THE HOMEPAGE OF THE TOWN'S WEBSITE. JOIN US FOR CELEBRATE PROSPER ON SATURDAY, OCTOBER 8TH OF FRONTIER PARK, THIS FUND COMMUNITY CELEBRATION WILL FEATURE LIVE MUSIC AND BARBECUE. THE EVENT IS PRESENTED BY THE PARKS AND REC DEPARTMENT WITH THE SPONSORS. WITH SUPPORTIVE SPONSORS AND COMMUNITY PARTNERS . FOR MORE INFORMATION, VISIT THE EVENTS PAGE FROM THE HOMETOWN PAGE AT THE TOWN'S WEBSITE. THE TOWN OF PROSPERO HOST AND INFORMATIONAL TOWN HALL MEETING ON THURSDAY, SEPTEMBER EIGHT. EXCUSE ME AUGUST 18TH FROM 6 TO 8 P.M. AT ROCK CREEK CHURCH, WHICH IS LOCATED AT 28, 60 FISH TRAP ROAD AND PROSPER.
RESIDENTS WILL HERE FROM THE TOWN. STAFF. REPRESENTATIVES. FROM NT, A IN TEXAS ON ROAD.
PROJECTS AND IMPACT WEST SIDE. PROSPER ALSO ON THE AGENDA IS AN UPDATE FROM THE PARKS AND RECREATION DEPARTMENT ON THE TOWN'S RECENT PURCHASE OF 163 ACRES OF PARKLAND, ALANDO BRIDGE CREEK. FOR MORE DETAILS. UH SEE THE TOWNS WEBSITE ON OUR FACEBOOK PAGE. HAVE TO SEE YOU GUYS ALL THERE. THANK YOU, CHRIS . DOES ANYBODY ELSE HAVE ANY ANNOUNCEMENTS? THEY'D LIKE TO SAY YES. I HAVE ONE MORE THING. SO I JUST WANT TO SAY THANK YOU TO SOME OF OUR NONPROFITS TO RECENTLY COMPLETED SOME OF THEIR WORK IN THE COMMUNITY CORNERSTONE TWO WEEKS AGO, HANDED OUT 320 BACKPACKS FULL OF SCHOOL SUPPLIES. UM FOR LOCAL KIDS IN NEED HERE IN THE AREA AND EACH CHILD THANKS TO HOPE FELLOWSHIP GOT TWO PAIRS OF BRAND NEW SHOES. SO THAT WAS A
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REALLY COOL EVENT AND THANK THEM AND ALL THE VOLUNTEERS AND DONORS FOR THAT, AND THEN I FINISHED THEIR LIGHT LUNCH, SUMMER MEAL DELIVERY, AND THEY DELIVERED OVER 31,000 MEALS. UM, IN OUR AREA OVER THE SUMMER TIME, SO THANK YOU. FOR ALL OF VOLUNTEERS THAT VOLUNTEERED AND , YOU KNOW, AGAIN, DONATIONS AND OUR COMMUNITY SO GENEROUS SO I JUST WANT TO POINT THOSE THINGS OUT AND THINK THOSE ORGANIZATIONS ALL RIGHT. THANK YOU, AMY. ANYBODY ELSE? ALRIGHT UM, IN THAT CASE, WE'LL GO TO THE CONSENT AGENDA. ITEMS PLACED ON THE CONSENT AGENDA CONSIDERED ROUTINE IN NATURE AND NON CONTROVERSIAL THE CONSENT AGENDA CAN BE ACTED UPON IN ONE MOTION.ITEMS MAY BE REMOVED FROM THE CONSENT AGENDA BY THE REQUEST OF COUNCIL MEMBERS OR STAFF. IS THERE ANYONE THAT WOULD LIKE TO PULL ANY ITEMS FROM THE CONSENT AGENDA? THE WISE DR EMOTION. I MAKE A MOTION. TO APPROVE ITEMS AND ITEMS. ONE THROUGH 14. OKAY WE HAVE EMOTIONS OR A SECOND MOTION BY CRAIG ANDREW'S SECOND BY CHARLES COTTON ALL IN FAVOR. OPPOSED. IT'S UNANIMOUS. LEAD US TO CITIZENS COMMENTS. THE PUBLIC IS INVITED TO ADDRESS THE COUNCIL ON ANY TOPIC, HOWEVER, THE COUNCIL IS UNABLE TO DISCUSS OR TAKE ACTION ON ANY TOPIC NOT LISTED ON THIS AGENDA. PLEASE COMPLETE A PUBLIC COMMENT, REQUEST FORM AND PRESENT IT TO THE TOWN SECRETARY PRIOR TO THE MEETING. I DO HAVE ONE ONLINE. WE HAVE THE HONOR. OKAY. UH CHARLENE SUNDAY. ARE YOU THERE? OKAY? HANG IN THERE, SHERLEEN.
OKAY, UM. WELL THE NEXT AGENDA IS PRETTY LENGTHY. IS THERE ANYBODY ANY OTHERS? ANYONE TURNED IN HERE? YEAH, WE'RE GOOD. THAT'S THE ONLY ONE. NO WORK. OKAY? ANYBODY LUCKY ENOUGH TO GET RAIN TODAY? HMM. HMM. I GOT EIGHT DROPS. WE DID. WELL, WE BETTER.
THERE'S A HEAT DOME OVER PROSPER.
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THERE SHE IS.SHE SHOULD BE THERE AND CHARLENE, ARE YOU THERE? CHARLENE, CAN YOU HEAR ME? YEAH.
CHARLIE, ARE YOU NEEDED ON YOUR END? OKAY? SHE'S UNNEEDED. ALL RIGHT, UM. CHICKEN. OKAY? SO WE GO THAT ROUTE. OKAY CHARLENE, IF YOU COULD, UH, IF YOU CAN HEAR ME, TYPE YOUR COMMENTS IN THE CHAT, AND WE'LL READ THEM. ALLOWED. WHEN WE GET A CHANCE. TERRY, CAN WE GO ON TO THE NEXT ONE AND COME BACK TO THIS? SURE YOU DON'T HAVE TO GO IN ORDER, OKAY? LET'S MOVE ON AND TO A REGULAR AGENDA, AND CHARLENE WILL COME BACK TO YOU WHEN WE GET A CHANCE. UM REGULAR AGENDA. IF YOU WISH TO ADDRESS THE COUNCIL, PLEASE FELLOW PUBLIC COMMENT, REQUEST FORM AND PRESENT IT TO THE TOWN SECRETARY, PREFERABLY PREFERABLY BEFORE THE MEETING BEGINS PURSUANT TO SECTION 551.7 OF THE TEXAS GOVERNMENT CODE. INDIVIDUALS WISHING WISHING TO ADDRESS THE COUNCIL FOR ITEMS LISTED AS PUBLIC HEARINGS. WILL BE RECOGNIZED WHEN THE PUBLIC HEARING IS OPEN. FOR INDIVIDUALS WISHING TO SPEAK ON A NON PUBLIC HEARING ITEM. THEY MAY EITHER ADDRESS THE COUNCIL DURING THE CITIZENS COMMENTS, PORTION OF THE MEETING OR WHEN THE ITEM IS CONSIDERED BY THE TOWN COUNCIL. OUR NEXT AGENDA ITEM IS NUMBER 15. SUBMISSION OF THE PHYSICAL YEAR. 2022 2023 PROPOSED BUDGET AND BUDGET MESSAGE, BETTY OH, SORRY. COUCH. THE BUDGET TO YOU.
TO DIE. IN ACCORDANCE WITH TOWN CHARTER.
BUDGET TO PRESENT TO MAYOR AND COUNCIL. I JUST LOVE YOU OUT. SD OVER THE YEARS IS WHEN REVENUES
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OUR WAY UP. SO WE'RE EXPECTATIONS AND SORT OF PARTNER REQUEST. RECESSIONS ARE ACTUALLY THE EASIEST BUDGETS I'VE EVER DONE. BECAUSE EXPECTATIONS ARE VERY LOW DEPARTMENTS DON'T ASK FOR A LOT. AND ONE OF THE THINGS YOU'LL SEE TONIGHT IS THAT DEPARTMENTAL REQUESTS OF WAY WAY UP. EVEN FROM THE PREVIOUS YEAR. AND SO THAT'S GOING TO BE ONE OF OUR ISSUES BECAUSE ALL THE THINGS THAT ARE BEING ASKED FOR A GOOD THING. SO THAT'S THAT'S THE HARD PART OF THE BUDGET IS PRIORITIZING. TWEEN ALL THOSE GOOD THINGS. AND ONE OF THE BIG ISSUES THAT WE'RE GOING TO SPEND A LOT OF TIME ON TONIGHT. IS CAPITAL NEEDS. ONLY THIS YEAR. YOU GET A VERY DIFFERENT PICTURE. THEN IF YOU LOOK AT THE BUDGET. FOR A THAT 10 YEAR PERIOD INCLUDING ALL THE CAPITAL NEEDS THAT WE FROM THAT 10 YEAR PERIOD. AND SO WE'RE GOING TO DO IT A LITTLE BIT DIFFERENTLY.TONIGHT IN THERE. HEALING WILL WILL BE A MAJOR PART OF THE PRESENTATION TALKING ABOUT THE CAPITAL NEEDS. AND THE IMPACT ON THE DEBT SERVICE RATE THOSE CAPITAL NEEDS WILL HAVE WE'RE ALSO GOING TO. PRESENT ON. SOME OF THE INFLATIONARY PRESSURES WE'RE SEEING AND THE COMPENSATION AREA. YEAH. I WOULD BE REMISS IF I DIDN'T RECOGNIZE. BEDPAN WHO JOB. IT IS TONIGHT.
NO AND ALL THE FOLLOW UP DRUMS BUT ALSO TO KEEP ME OUT OF TROUBLE. SHEILA A LITTLE THAT THAT BUT SHE WAS THE ONE WHO HAS DONE MOST OF THE HEAVY LIFTING ON THE BUDGET WITH THAT, LET'S JUST JUMP. IN. MILITARY BUDGET THAN TO PROPOSED . AND THE REASON. IT HASN'T BEEN BLESSED BY COUNCIL YET. ITS STAFF TAKING WHAT WE THINK COUNCIL LAUNCHED BASED ON THE STRATEGIC GOALS, ETCETERA. AND PUTTING THE NUMBERS TOGETHER. BUT UNTIL COUNCIL, ACTUALLY, UM TAKES THE ACTION ITEMS AT THE END OF TONIGHT'S PRESENTATION. AND STARTS THE ADVERTISING PROCESS STARTS THE PROPOSED TAX RATE ADVERTISING THEN IT'S JUST A PRELIMINARY BUDGET. SO THAT'S WHERE WE ARE NOW. WE'RE GOING TO RECEIVE YOUR DIRECTION. AND THEN WE'LL ADOPT THOSE RESOLUTIONS.
TONIGHT IS GOING TO BE PRIMARILY A POLICY DISCUSSION. A LOT OF THE. DETAILED WORK WILL BE TAKEN PLACE BETWEEN NOW AND AUGUST 22ND IN AUGUST 23RD. AUGUST 28TH ON THE DIRECTION TONIGHT. AND FEEDBACK FROM THE FINANCE COMMITTEE STAFF WILL BE HUDDLING BACK UP. AND MAKING ANY NEEDED ADJUSTMENTS TO THE BUDGET. WE WILL THEN TAKE THAT TO THE FINANCE COMMITTEE ON AUGUST 22ND. GET THE FINANCE COMMITTEE'S APPROVAL. AND THEN PRESENTED TO COUNCIL THAT NEXT NIGHT. AH AND GET ANY FEEDBACK AT THAT SAME COUNCIL MEETING AUGUST 23RD. WE'LL HAVE OUR, UM FIVE YEARS STAFFING PLAN. THIS IS SOMETHING NEW AGAIN THIS YEAR. WE HAVE GIVEN THE DEPARTMENT'S THE POPULATION PROJECTIONS THAT COUNCIL APPROVED AT AN EARLIER MEETING.
ALONG THAT WE'VE INCLUDED BENCHMARKING OF OUR BENCHMARKS IN TERMS OF STAFFING LEVELS BY DEPARTMENT PER £10,000. SO DEPART HAVE SOME. THAT WILL BE ON. ALL THE CAPITAL IMPROVED AND OF. NEW FACILITY. SUCH AS FIRE STATION. AND FOUR. MARCH WILL HAVE TO MAINTAIN IN
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THE NEXT FIVE YEARS. SEVERAL 100 ADDITIONAL OF PART THAT PART WILL HAVE TO THE TYPE OF THING.SO WE PRESENTED ALL TO THE DEPARTMENTS. THAT LONG TERM LOOK. OF WHERE WE'RE GOING WITH STAFFING. AND THEN, AS WE DISCUSSED PREVIOUSLY, WE WILL UPDATE THAT EVERY YEAR AFTER THAT, SO WE JUST KEEP ROLLING IT. COUNCIL HAD. UH SOMETIME IN LATE AUGUST OR EARLY SEPTEMBER.
WE WILL HAVE A BUDGET TOWN HALL. MEETING. HAVEN'T SET THE EXACT DATE YET. WE'VE PRETTY. THAT.
FRAME. SO WE'RE WORKING. ON THAT. AT ALL. AND IF WE NEEDED A ANOTHER. THERE IS NO CHARTER REQUIREMENT. FOR ADOPTION OF THE BUDGET OTHER THAN THE BEGINNING OF THE NEW FISCAL YEAR, SO WE HAVE TWO ADOPTED BY SEPTEMBER 30TH, BUT THAT'S IT. WHAT A LOT ABOUT. FINANCIAL POLICIES SO I WON'T GO INTO DETAIL ON THOSE, BUT WE HAVE UH, ADOPTED A COMPLETE REVISION OF THE TOWNS. POLICY. OPERATIONS TAX RATE DIVIDE. IT. BETWEEN THE GENERAL FUND. AND THERE'S MANY STRATEGIC REASONS FOR THAT WHICH WE'LL TALK ABOUT AS WE GO THROUGH THE REST OF THE PRESENTATION. HOPEFULLY NOTICE THAT WE MADE REVISIONS TO TRANSIT. LETTER.
WHEN WE GIVE YOU THE PROPOSED BUDGET. THERE WERE A FEW TWEAKS STILL WANTED TO MAKE IT, THOUGH.
AH! WE'RE NOW DIFFERENTIATING. BETWEEN RECUR. AND RECURRING REVENUE. AND EXPAND. THAT.
AND THEN UH, WE'RE GOING TO TALK AS I MENTIONED ABOUT COSTS. WE CREATED A SOLID WASTE BOND. THAT WILL BE BUDGETED FOR THE FIRST TIME. SO LET'S TAKE AN OVERVIEW. OF THE TAX RATE. AS I MENTIONED , REVENUES ARE GOING UP VERY, UM, ASSESSED VALUATION. WHEN FROM 5.4 BILLION TO 6.6 BILLION NOW 600 MILLION OF NEW CONSTRUCTION. THAT'S. THAT'S NEW OR HIGH FOR PROSPEROUS 600 MILLION OF NEW CONSTRUCTION. SO LA OF NEW AS AS INCREASES. ON EGGS. BASE. AT THE 51 CENTS.
IT'S BEEN PROPOSED. WE WENT FROM JUST UNDER 30 MILLION TO A LEVY OF 36.3 MILLION. SO MUCH LARGER LEVY. REQUIRED CALCULATIONS FOR TRUTH AND TAXATION DISCLOSURES. YOU CAN SEE LAST YEAR ARE NO NEW REVENUE RATE WAS 48 CENTS. THIS YEAR OR NO NEW REVENUE RATE IS 43 CENTS. SO INDICATION OF HOW MUCH I VE WENT UP. AGAIN. I WAS TALKING TO COUNCIL MEMBER KEARNS BEFORE THE MEETING. AND THAT'S A HARD ONE TO UNDERSTAND THE MAIN ONE TO FOCUS ON IS THE VOTER APPROVAL RATE BECAUSE IT ACTUALLY TAKES INTO CONSIDERATION CHANGE. IN DEBT. SERVICE. LAST YEAR WAS 53.9. SO JUST UNDER 54 CENTS THIS YEAR, IT'S 52.7336. SO LAST YEAR, WE ACTUALLY GENERATED SOME UNUSED
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INCREMENTS. AND THAT CARRIED OVER TO THIS YEAR. BECAUSE WE GENERATED UNUSED INCREMENTS. WE HAD 4.3 CENTS OF UNUSED INCREMENT. COMING INTO THIS BUDGET YEAR AND JUST AS A REMINDER UNDER SENATE BILL TWO THE UNUSED INCREMENTS THAT'S GENERATED. HAS A THREE YEAR LIFE BEFORE IT GOES AWAY, SO YOU CAN ONLY YOU HAVE IF YOU WANT TO USE THE UNUSED INFORMATION. YOU HAVE TO USE IT. THE YEARS. THAT WAS CARRIED OVER FROM LAST YEAR, ABOUT 2.6. AND THAT LEAVES US JUST OVER ONE. CENTS THAT WILL BE CARRIED INTO NEXT YEAR. SO WE DID NOT USE ALL THE INSTRUMENTS THIS YEAR. AND THEN THE LAST POINT AS YOU CAN SEE. ON TAXABLE HOMESTEAD. WE WENT FROM JUST OVER 500504TH. TO JUST UNDER 540,000. SO THE AVERAGE HOMESTEAD AGAIN. PROSPER IS GOING UP. THE OTHER. THING ON TAX RATE IS FOR THE FIRST TIME THIS YEAR. WE ARE ESTABLISHING 3.2. FIVE MILLION. IS IN THE INITIAL BUDGET COUNCIL CAN CHANGE THAT. WHICH IS THE EQUIVALENT OF ABOUT 5.3 CENTS OF A CATHOLIC. SO HOW ARE WE DOING ON REVENUES? AS I MENTIONED, IT'S BEEN A GOOD YEAR. ON REVENUES. WHEN YOU LOOK AT REVENUES IF YOU. WE HAVE AND PROSPER. WHAT I CALL THE BIG FOUR, WHICH IS ALMOST 90% OF THE GENERAL FUND. REVENUES ARE TIED UP IN PROPERTY TAX. SALES TAX. FRANCHISE FEES AND SPECIALTIES. SO THOSE ARE REALLY THE REVENUES TO FOCUS ON IN THE GENERAL FUND. UTILITY REVENUES. ARE. WE ARE NOT PROPOSING YOUR RATE INCREASE THIS YEAR. AND THEN WE TALKED A LITTLE BIT ABOUT SALES TAX. YOU'LL SEE WE ARE. WE HAVE SOME ADDITIONAL GRANTS THIS YEAR. GRANTS TYPICALLY OR VERY RESTRICTIVE. THE OLD JOKE AND THE LOCAL GOVERNMENT BUSINESSES GRANTS. DON'T COME WITH STRINGS ATTACHED. IT'S ROPES CAME CHAINS AND CABLES. SO THERE ARE REQUIREMENTS ON THEM. THREE TYPICALLY EITHER CAPITAL OR OPERATING BUT YOU CAN SEE WE ARE PUTTING AN EMPHASIS ON GENERATING MORE GRANT. REVENUE OFFSET THE NEED FOR TAXES. AND WITH THAT I WILL MOVE ON. THIS IS GONNA BE THE BIG POLICY DECISIONS. MADE THIS YEAR'S BUDGET. IS COUNCIL HAS MADE IT CLEAR THAT WE'RE STAYING. WE ARE GOING TO RAISE TAXES WORTH STAYING. IT'S 51 CENTS. AND WHEN YOU LOOK AT THE 50 ONE'S SENSE, AND YOU STAY AT THE SAME TAX RATE. THEN WHAT THAT MEANS. IS THE MORE YOU SPEND ON GOLD. YOUR STRATEGIC GOAL TO WHICH IS INVESTMENT AND PROSPEROUS FUTURE , WHICH IS THE CAPITAL ASPECT OF IT. ALL THE INFRASTRUCTURE. CAREFUL. THE TOWN NEEDS. ON A. FINANCIALLY RESPONSIBLE TOWN PROVIDING EXCEPTIONAL SERVICES. SO IT'S A BALANCE. AND WE'LL BE LOOKING TO THE COUNCIL. ON GUIDANCE ON WHAT EXACTLY THAT BALANCES WE HAVE IN THE PRELIMINARY BUDGET. THE PROPOSED GENERAL FUND. WHICH HASN'T IT ADDITION OF 48 A HALF POSITIONS. AND HAS SUBSTANTIAL INCREASES IN EXPENDITURES IN OUR QUESTION IS DO WE LEAVE IT AS IS OR DO WE ADJUST THAT DOWN AND PUT MORE? CAP? GOING TO TURN IT OVER TO HEWLIN. TO GIVING UPDATE ON THE MULTI YEAR DEATH AND C I P PLAN.TRADITIONALLY THE CHARTER ACTUALLY REQUIRES THAT WE TAKE FIVE YEAR CAPITAL PLAN. THERE'S
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ALWAYS INCLUDED IT AS NECESSARILY MADE IT PART OF THE MAIN PRESENTATION. BUT FROM MY STANDPOINT. IN A TOWN WITH THE CAPITAL NEEDS PROSPER HAS AND THE RAPID GROWTH PROCESS PERHAPS WE NEED TO LOOK AT THOSE TWO. THANKS TOGETHER BECAUSE, AS I SAID, ONE IS FUNDED MORE. THE OTHER FUNDERS LEFT. SO. GOOD GIRL AND I WILL ALSO TELL YOU YEAH. BEEN PRETTY EMAILS. OVER THE WEEKEND. TO TELL THE TOWN. WHAT YOU THINK. AND BLACK. WHAT KIND OF SURPRISED ME BECAUSE I FELT BAD. BETTER BETTER. ENGINEER. AND SO WE WERE GONE. FOUR. STABLE PROBABLY CHANGED.BUT THIS. THINKING ABOUT FINANCIAL WATER. IS THE IDEA. LATER LET'S JUST START OFF WITH WANTED. STEP BACK AND SAY. CAMERA. EATING PROTEIN COUNCIL. SO, UH, I'M SURE YOU'RE ALL AWARE. ON JULY 12TH AND TYPICALLY EVERY YEAR BEFORE THE BUDGET. WE TALK ABOUT OUR CAPITAL NEEDS. YOU CAN SEE THAT. YOU KNOW. HANDED IN. SOME SPREADS. THAT WE'VE. WINDOW OF PROJECT. UH, THE LAST THE LAST TIME WE WERE THROUGH THE WAS A COUPLE YEARS. WHERE WE. YOU KNOW, WE DID. DO SOME ACCESS. YEAR. PACIFIC. THOSE PROJECTS. BUT YOU SEE THE LIST. OF THE PROJECT. THAT ARE TO THE DEBT. ASSOCIATED WITH THE GENERAL.
OTHER PROJECTS ON THE CRP. THAT COME FROM OTHER SO OF FUNDING. SO JUST TO RECAP, WHICH I'LL APPROVED AT THE LAST COUNCIL MEETING RELATED TO AH! FUNDING NEEDED OUT OF THE DEBT FOR THE GENERAL FUND. UH 33.65 MILLION. THESE ARE PROBABLY A LOT OF THESE PROJECTS. ARE GETTING READY TO KICK OFF OR CONSTRUCTION. YOU KNOW, WE'VE GOT A REALLY HARD TOP THREE ON THE ON THE BOARD. MAY ROAD. PROJECTS. IF YOU'RE INTERSECTION. AND CONTINUATION.
OF DESIGN. AND RIGHT AWAY. CRAIG. OUT IN THE NEXT FIVE. YEARS. THE PROJECT. DEBT. FUNDING WITH THE CAPACITY WAS WITHOUT TOUCHING ANY AS FAR AS THE. RATES.
20 MILLION. MILLION. BOTTOM LINE THERE THE NUMBER IN THE BRACKETS IS THE RELATION OF THE ANTICIPATED DEBT FUNDING THAT I MENTIONED ON THE PREVIOUS SLIDE , BUT WE HAVE CAPACITY FOR WITHOUT TOUCHING ANYTHING. CHANGE THE OTHER RATES OR ANYTHING. MOVE OVER TO THE 23 24
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. A COUPLE OF PROJECTS THERE SO FAR THAT ARE ON THE CFB SUMMARY THAT HAD BEEN PRIORITY. AND WHAT WE THINK IN 23 24 WILL BE ABLE TO SELL DEBT FOR WITHOUT CHANGING. IN 24 SIM GOT SOME PRIORITIZATION OF PROJECTS. OVER 80. POINT. ALMOST SEVEN MILLION THIS TIME. VERSUS THE 15.MILLION. $11 MILLION OF FANTASY . CAPACITY AT THAT YEAR. PARTICIPATION OF MAIN LANES.
THIS IS ACTUALLY OUR U TURN PROJECTS PUT IN WITH THE FAMILIES OF THE 10. THE PROJECTS FORWARD. WHICH IS IMPORTANT BECAUSE IN THAT OUT OF YOUR COLUMN, THAT'S OUR BIG WHAMMY OF $106 MILLION FOURTH OF THESE GEO PROJECTS THAT HAVEN'T BEEN HAVEN'T BEEN MOVED UP OR PRIORITIZED. SO ALL THOSE ARE LOOMING ON HORIZON. HOW DO WE FIT THOUGH? IN OVER THE NEXT REALLY TIN 10 YEARS? AND IF YOU SOLVE THIS, I WANT TO MAKE SURE WAS A SPACE. NOTE. THERE'S OTHER PRODUCT. THAT ARE OUT THERE. I KNOW COUNT. AND STAFF. TALK. ABOUT YOU. KNOW, IF YOU PROVE TONIGHT, THE. ASSESSMENT. FOR THE PUBLIC. WORKS PART. FACILITY.
PRO ALTHOUGH IN. QUICK QUESTION. UM SO. WHAT WE'RE LOOKING FOR WHAT WE CURRENTLY HAVE CAPACITY FOR, AND I UNDERSTAND THESE ALL ALSO ARE NOT PRIORITIZE AND WE DON'T HAVE ANY CURRENT CAPACITY FOR THEM. BUT THEN THERE'S SOME WERE ALWAYS DISCUSSING. I THINK LAST BUDGET CYCLE WE ACCELERATED SOME CAPITAL PROJECTS BASED ON FUNDING THAT WAS AVAILABLE. SO LIKE I SEE THE ONES YOU HAVE SCHEDULED FOR THIS YEAR. BUT LIKE IF YOU GO BACK TO THE 2023 2024 SLIDE UM AND THERE'S 13 MILLION THERE. UM. YEAH DO WE HAVE THE ABILITY TO ACCELERATE THOSE PROJECTS? IF WE HAD THE MONEY IF WE HAD THE MONEY, UH, FIRST TNT TO COLEMAN. I THINK WITH THAT ONE. WE DID. I THINK WITH THAT ONE. THIS YEAR WE JUST APPROVED ARE WELL OCTOBER ONE ARE APPROVING THE FUNDING FOR THE RIGHT AWAY ACQUISITION, SO THAT SPECIFIC PROJECT YOU. BE ABLE TO ACCELERATE. BECAUSE OF THAT. ONE. YOU. THINK. I MENTION IT. GOT SOME. IT'S A PROPERTIES THERE, SO I DON'T SEE IF YOU CAN. REALLY EXPEDITE THAT ONE MUCH MORE THAN MAYBE IT'S GOOD COUPLE THREE MONTHS. REALLY, SO I THINK IT'S GOING TO FALL IN LINE. GOOD. NOW. DAN MIGHT BE ABLE TO A LITTLE. OF RAIN.
POSSIBILITY. RATED BEFORE OCTOBER ONE. AGAIN, MAYBE A COUPLE OF MONTHS. AND I WANT TO POINT OUT ACTUALLY CLARIFY THIS TO BEGIN WITH. IF YOU LOOK AT THE C I P KIND OF THIS SUMMARY SPREADS. THE RIGHT HAND SIDE IS WHEN DEATH IS GOING TO BE SO. SO IN SOME INSTANCES, YOU'LL SEE PRIME EXAMPLE. FIRST STREET, DIDN T YOU CALL THEM? MM HMM. IT WAS 17. SHE WAS 7.5 MILLION. BUT IT'S ACTUALLY 15. SO WE WANT TO START OCTOBER OF 23, OR SHORTLY THEREAFTER. 7.5 MILLION WERE SAYING IS GOING TO BE SOLD. AND 2023 24. AND WHEN YOU GET TO THE NEXT YEAR THE OTHER 7.5 WILL BE SO WORKING WITH FINANCE THERE'S WAYS AND I THINK BOBBY MISSED THAT BEFORE HIS PRESENTATION OF HOW DO THEY DO THEY DIFFERENT CELLS. MAYBE TWICE. A YEAR. OR USE SOME OF THE RESERVE. AND DIFFERENT THING. I MEAN, I KNOW THEY GET CREATE. SCHEDULE WHEN WE'RE CONSTRUCTION. LIKE IN THAT ONE. WE COULD START EVEN THOUGH THE FUNDING CORRECT THAT WE'RE PROPOSING TO START BEFORE THE
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FUNDINGS THERE. SO I JUST, UM CLARIFY EVERYBODY ELSE. I'M JUST MAKING SURE WE'RE NOT THAT WAS A POINT THAT I THINK A LOT OF WAYS THAT WE ADDRESSED THE INCREASED SPENDING LAST TIME AROUND WITHOUT REDUCING THE RATE FURTHER WAS THAT WE ACCELERATED CERTAIN THINGS. IT DOESN'T FEEL LIKE THERE'S AS MANY PROJECTS. LIKE THAT. OR ANY THE HORIZON. I THINK POINT TO THIS HERE, YOU KNOW. LIKE THAT OUT. OF HERE, 20. DOLLAR COST. OF COURSE. THE CONSTRUCTION. SO THAT WHERE YOU PICK OFF THIS. AND YOU GO. WHICH ONE OF THESE YOU THINK SO? I THINK SO. MOMMY'S MAYBE, UH, SOME. IDEAS THERE, AND I GUESS YOU KNOW IF THERE'S SOMETHING THERE THAT WE COULD LOOK AT. NOT THAT YOU'RE SAYING THAT WE SHOULD. IF THERE'S OPPORTUNITY.SURE. WHAT DO WE HAVE TO SEE? I P BASED ON HIS BUDGET. THE ENVIRONMENT THAT WE'RE IN RIGHT NOW. WITH THESE THESE CRAZY COST. GOING AWAY. IS IN THE PROJECTS IF THAT'S WHAT YOU ARE.
FOR ASKING US TO DO. MY ONLY COMMENT IS LOOKING AT THE OUTER YEARS THERE. SLIDE HERE. IN OUR YOU KNOW, THERE'S ON THAT THAT HAVE BEEN CONSIDERED. PROUD PROJECT. SO AS WE GO FORWARD AND LOOK AT YOU KNOW THINGS THAT WE HAVE BEEN OFFSET BY GRANTS. I WOULD JUST, YOU KNOW, MAKE SURE WE UNDERSTAND THAT. SO WE'RE NOT LOOKING AT 106 MILLION, YOU KNOW SO ANY ANY ANY KIND OF OFFSET LIKE THAT? THINK WOULD BE FOR US TO KNOW BECAUSE WE CAN THOSE. FUNDS. AND I WILL. SAY TO START FROM YEAR. YOU KNOW? WHAT WHAT CHRIS. SORRY. I'M SORRY. THAT I WANT TO ASK. ON THE SLIDES PREVIOUS SO LIKE, FOR EXAMPLE, 2022 23 PROJECTS THIS $19.8 MILLION.
DOES THAT INCLUDE SORT OF A FORECAST OF OKAY OVER RIDGES. EXPECTED FROM WHAT YOU'RE KIND OF SEEING WITH PROJECTS THAT ARE COMING IN OVER BUDGET, OR IS THIS JUST WHAT WE'VE PREVIOUSLY BUT FOR? LIKE I SAID, THIS IS THE DEBT PORTION OF IT. SO FOR EXAMPLE, FIRST TWO D AND T WE KNOW THAT WAS ABOUT 5.6. OVER YOUR RIGHT BETTY WAS ABLE TO SEE SOME. OKAY THAT'S NOT ANSWERING MY QUESTION. THANK YOU. DID YOU WANT US TO ANSWER? OH, DID DID YOU WANT US TO ASK QUESTIONS NOW OR WAIT TILL THE VERY END OF PRESENTATION? ONE WE GOT THE NUMBER DID YOU WANT US TO? QUESTIONS OR WAIT THE END OF THE PRESENTATION? GET AWAY. FOR MOVING ALONG. BACK WITH WHAT COUNCILMAN PARTLY ASK, BUT I HAD A NOTE HERE. MAKE SURE THAT I UN THROUGH THE BACKWARDS A LITTLE BIT JUST THE BEGINNING, NOT BEGINNING. BUT EARLIER YEARS HERE UM SO IT LOOKS LIKE THE NUMBER IN BRACKETS IS THE AMOUNT THAT WE WOULD BE SHORT. ALREADY. THE
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AMOUNT THAT WE ACTUALLY HAVE FUNDED. CORRECT. THAT'S THE PRELIMINARY NUMBER THAT WE HAD.YOU KNOW, BASED ON WHAT WE THOUGHT WE COULD SELL DEBT AND NOT CHANGE ANYTHING. OKAY? AS FAR AS WHAT YOU HAVE CURRENTLY ALLOCATE OKAY? EACH OF THOSE YEARS IF YOU WANT. YEARS EVERY YEAR. WE'RE SHORT A LITTLE BIT. CORRECT. SO WHATEVER UNDERSTANDING, AND THEN WE GET TO THAT 26 27 OUT HERE. WE HAVE $11 MILLION. I HAVEN'T DONE THE MATH, BUT I MEAN, IF WE'RE GOING TO FUND EVERYTHING ON THE PREVIOUS FOUR SLIDES PRETTY MUCH CHOOSE THAT UP. IS THAT CORRECT OR NO? YEAH, I THINK YOU COULD. WHAT YOU KNOW, SLIDE A FEW THINGS ON THEIR END OF WHAT STATE BEFORE. BUT YOU WOULDN'T BE ABLE TO ACCELERATE THAT. YOU WOULD BE ABLE TO MOVE ANYTHING.
COULD YOU COVER COULD YOU COVER YOUR SHORT FALLS IN EACH YEAR COVERING SHORTFALLS DON'T COVER THE SHORTFALLS EACH YEAR. ARE DIPPING. INTO. 23. SO IF YOU HAVE THE 3.5 MILLION OF THE DEDICATED CAPITAL. I MEAN, NOW THAT'S 17 MILLION COULD BE 20.5 MINUTE. SO NOW YOU COVER IT. DID YOU GO TO THAT LEVEL OF DETAIL? TO PUT IN THE CAPITAL DEDICATED PIECE OF THIS. FOR THIS QUESTION. SO YOU PULL FORWARD AND EACH YEAR I KNOW WHAT YOU'RE DOING WORKS. OKAY REDEDICATING POINT WE RUN INTO THE BRICK WALL, RIGHT? AT SOME POINT YOU KNOW, WE KEEP DOING THAT RIGHT EACH YEAR. NOW THAT IS NOT WELL. WHAT WOULD CHANGE US FROM RUNNING INTO RICK WALL THERE? DOWN THE ROAD WHERE WE DON'T HAVE ANY MORE. ABILITY.
NOTE TO I S YEAH. THANK YOU. THAT'S.
WE WANTED PEOPLE THAT HAD 18 POINTS. YES. YOU GET SERVICE, RIGHT? YES, GREAT. IF WE KEPT.
THERE'S FIVE YEARS. OF WORK. NOW. LET ME MAKE SOME PUBLICATIONS ON THESE DAYS. THE FINANCIAL ADVISOR CHECKS. MAYBE. FOR EXAMPLE, FOR NEXT YEAR. PROJECTING. TO YOUR STILL CONCERNED. WE ALSO. OFFICER. CUBAN MEN. WORK. IT MIGHT.
[00:50:14]
WE'RE GOING TO BE NOTHING. INSTEAD OF SIX. TRYING TO ALL THE RIGHT WORD.IN THE SAME WHAT YOUR POLICY GUIDANCE.
WHY. NEXT QUESTION. WE THOUGHT. 2% THAT SERVICE.
SO THAT. A YEAR PASSED. A LOT MORE. INFLATION.
ON FOUR. SO YOU'RE SAYING IF WE RAISE THE DEBT SIDE TO 20.2 CENTS WHERE GOOD WITH THIS PROGRAM THROUGH 2026. AND THAT EQUATES TO. LIKE A YOU. IT'S LIKE 600,000 OR SOMETHING PERCENT, SO IT'S LIKE IT TAKES 1.2 OUT OF THE GENERAL 616,000 PERCENT. UNDER. SO WE KEEP SHUFFLING FROM ONE BUCKET TO THE OTHER, RIGHT? UNTIL WE KEEP CHEF KIND OF FOREIGN FROM ONE BUCKET INTO THE OTHER. YOU'RE RIGHT OUT OF RUNWAY. 51 CENTS. SOME TOGETHER. THE. 40% BUT BUT IF WE HAVE ACCESS DEBT SERVICE ABOVE WHAT OUR ACTUAL DEBT SERVICE DOESN'T THAT GET CREATE PROBLEMS FROM YEAR TO YEAR. OKAY, WHERE PARTNERS. HERE.
[00:57:14]
AND ROLL. ROLL DOWN TO I'M A ROAMER. YEAH OBVIOUSLY, I DON'T . I DON'T STAY BEHIND THE PODIUM. VERY WELL. I'M SORRY ABOUT THAT. BUT WHAT THAT MEANS. IS. THAT WE'RE GOING TO HAVE EXCESS COLLECTIONS AND UNDER SENATE BILL TO IT REALLY? MATTERS NOW. IN THE PAST THOSE EXCESS COLLECTIONS AND THEY'RE TYPICALLY WEREN'T A LOT OF THEM BECAUSE EVERYBODY WOULD CERTIFY THE VAST MAJORITY OF THE ROLE. BUT NOW THOSE EXCESS COLLECTIONS COME IN. THEY HAVE TO BE APPLIED TOWARDS NEXT YEAR'S DEBT SERVICE , AND THAT IS THE EXACT REASON WHY WE WENT FROM 18 POINT. SO.AS OF THE ACCESS COLLECTIONS. IF YOU LOOK AT THE TRUTH AND TAXATION CALCULATION IN THE BACK OF YOUR BUDGET PACKET AND YOU LOOK TOWARDS THE BACK, YOU'LL SEE $839,000 OF EXCESS DEBT SERVICE. COLLECTIONS. AND THAT'S WHAT PUSHED ARE RIGHT DOWN. OKAY AND. THE PROBLEM, CHARLES IS.
FOR ME TO TRY TO SPECULATE WHAT EXCESS COLLECTIONS ARE GOING TO BE IN ANY GIVEN YEAR. AND HOW MUCH OF THE ROLE DIDN'T COUNTY IS GOING TO CERTIFY AND HOW MUCH THEY'RE NOT. IS SPECIAL, SO NO, THAT HAS NOT BEEN TAKEN INTO CONSIDERATION, BUT I THINK YOU'RE RIGHT. MEAN, I THINK THAT GOING FORWARD. BUT IF WE'RE SENDING IF YOU'RE TALKING ABOUT SETTING A RIGHT NOW, 20 PLUS.
THEN THAT EXCEEDS OUR CURRENT DEBT SERVICE. IS THAT WHAT YOU'RE TALKING ABOUT? I AM NOT IRON MAN. THAT'S WHAT I'M TALKING ABOUT. WHAT WE HEARD WHAT WE PROPOSED. NOT PROBABLY WASN'T CLEAR ENOUGH ON THIS, SO I APOLOGIZE. WHAT I'M PROPOSING. TONIGHT IS THE 18 POINT. OH, 11 . WHAT I'M SAYING IS STEP BACK. WE'RE FINE THIS YEAR, BUT LET'S STEP BACK AND SAY TO DO THIS DEBT PROGRAM. WERE PROBABLY OVER THE NEXT 5 TO 10 YEARS WERE PROBABLY GOING TO HAVE TO GET TO THE 20.2 CENTS. THAT'S WHAT THAT'S WHAT I'M SAYING. BECAUSE I WANT COUNCIL. NOT TO MAKE THE
[01:00:03]
DECISIONS IN THE BACK UME OF ONLY THIS YEAR. BECAUSE WE HAVE CAPITAL NEEDS THAT ARE GOING TO STRETCH OUT OVER 10 YEARS. SO WE NEED TO LOOK AT YOU KNOW, PRESERVING ENOUGH FOR CAPITAL THAT WE DON'T GET OURSELVES IN A BIND AND HAVE TO RAISE THE TAX RATE FIVE YEARS FROM NOW TO DO THE PROGRAM OR JUST NOT DO THAT WE REALLY NEED TO DO. THAT ALL MEANS YOU CAN RAISE THE DEAD RATE BY TWO, SO. YOU'RE GONNA HAVE TO LOWER THE O AND M RATE. RAISE YOUR TO INCREASE YOUR DEBT RATE. IF YOU STAY AT 51, THAT'S EXACTLY RIGHT . AND THAT IS THE TENSION OF THE BUDGET IS BALANCING OUR OPERATING NEEDS AND OUR CURRENT OPERATING NEEDS WHERE BOTH ARE.NEED AND ARE. OP. DEEDS. AT 18. LIKE HE'S LIKE HAS. DO AND YOU HAVE A YEAR. HIRED MORE CAPITAL DEDICATED. THEN THE FIVE CENTS IN ORDER TO ANTICIPATE PAYING DOWN SOME OF THOSE OVER RIDGES THAT WE KNOW WE'RE GOING TO HAVE. SO THEN YOU'RE YOU KNOW, WHEN YOU HAVE A DOWN YEAR YOU HAVEN'T RAISED THE DECK. CAPACITY YOU HAVEN'T READ THE DEBT. RATE. HAVE A DOWN YEAR MAY YOU DON'T HAVE A MUCH. CONSTRUCTION OR WHATEVER. YOU DO. HAVE TO PUT IT. MUCH IN CAP.
DEDICATE. TO JUST GIVES A LITTLE MORE. FREEDOM. AND MY. IS THE 3.2. RIGHT NUMBER. IS ONE OF THE QUESTIONS THAT YOU NEED TO ASK. YOURSELF. AND THEN AS WE GO THROUGH THE EDITIONS THE GEN.
FUND IS THE NUMBER. GETTING, BUT SO THE CAPITAL FUND DOES THAT LIKE THE MONEY GOES IN THERE, AND IT'S ONLY GOING TO BE EVER USED FOR CAPITAL, OR IS IT. IT WOULD NOT BE USED FOR ANYTHING ELSE. UNLESS THE COUNCIL SERVICES YOU GUYS. YEAH YOU CAN CHANGE THE RULES AND THAT'S THAT'S FINE. BUT BASICALLY YOU KNOW WHAT I'VE TOLD FUELING AND HE'S KIND OF LOOKED LIKE A LITTLE BIT LIKE A KIDNEY. CANDY. YOU KNOW, I SAID. HELP FUND YOUR CAPITAL PROGRAM. THIS YEAR, AND IT GOES IN, AND THEN HE PROGRAMS THAT, ALONG WITH PLANNED DEBT SERVICE AND OUR DEBT ISSUANCE AND ANY GRANT MONEY WE HAVE COMING IN AND THE IMPACT FEES WE HAVE COMING IN. I MEAN SPREADSHEET. I NEED A MAGNET GLASS TO READ IT YOU KNOW HE HAD ALL SOURCES. LISTED. OF AND THIS WOULD BE ANOTHER SOURCE OF FUNDS THAT CAPITAL. NEVER MIND. I DON'T WANT TO SEE ANOTHER COLUMN . I CAN'T CAN'T HANDLE ANOTHER COLUMN. THAT SPREADSHEET ALREADY TOO SMALL PRINT. YEAH THAT'S RIGHT. I TALKING BUT THAT MAKES ME NERVOUS. I DON'T I FEEL LIKE I UNDERSTAND THE TENSIONS HERE.
BUT LIKE I DEFINITELY WOULD NOT DEFAULT TO WANT TO DEFAULT TO CREATING THIS AMOUNT ONE. IT'LL ALWAYS GET USED NO OFFENSE ONE, BUT ALWAYS BE NEED THERE. AND I AND I JUST FEEL LIKE, UM. THAT COULD BE CHANGED THE FOLLOWING YEAR, RIGHT IT COULD BE ADJUSTED. UM WE HAVE A HARD YEAR, IT JUST PUTS A LITTLE BIT MORE STRAIN ON THE GENERAL FUND BUDGET FOR A YEAR. WE OVER.
ANYTIME HAD REVENUE. GET OUT IN FRONT OF THAT. DONE THAT. OTHER THAN WHEN WE DID. MATH. LAST
[01:05:10]
YEAR. LAST YEAR WITH THE POINT EFFECTIVELY SET THIS. THE FIVE POINT MIL. BUT THERE WAS A MONIES THAT WE ALLOCATED MID. AS WELL. AND THAT'S A DIS. PAUL LEVEL. DECISION THAT WE NEED. TO MAKE. I MEAN, WE HAVE DID. DO THIS LAST YEAR BY ASIDE THE FIVE POINT MILLION SAYING WE WANT ACCELERATED CAPITAL. THAT BASICALLY WHAT WE'RE DOING HERE. WITH THIS THREE. OR WHATEVER.WELL ON. IT HAD BEEN WE REALLY HAVE HAD. THAT'S WHY IT. I LIKE IT. SO LET'S MOVE ON. AND NOW. HE'S LIKE, OKAY, IT WAS RIVETING. BAD I DIDN'T UNDERSTAND ANY OF THEM NEEDED. DID WE WAIT? OKAY JUST PRETEND SO, UM. THE HR COMMUNITY TALKS A LOT WHEN IT STARTED TO HEAR AND SOME INFORMATION ABOUT NEIGHBORING CITIES, MAKING MOVEMENTS, COMPENSATION MOVEMENTS. WE KNOW THAT FRISCO MADE A PRETTY SIGNIFICANT MIDYEAR MOVEMENT WITH WE ACTUALLY MADE SOME REALLY, YOU KNOW GOOD PROGRESS IN MOVEMENT LAST YEAR AS WELL THIS YEAR.
SORRY UM SO WE SENT OUT A QUICK SURVEY TO OUR BENCHMARKS CITIES JUST TO KIND OF GET A AN IDEA OF WHAT MOVEMENT LOOKING AT. AND UM , YOU CAN SEE THAT THERE ARE SOME CITIES THAT ARE MAKING MULTIPLE ADJUSTMENTS. UM ON THE PUBLIC SAFETY SIDE. YOU'RE LOOKING AT, UM. SOMEWHERE ON AVERAGE OF ABOUT 5% SALARY ADJUSTMENT NEXT YEAR. THAT WOULD INCLUDE ANY ANY ACROSS THE BOARD. PLUS MERIT INCREASES. AND THEN FOR THE GENERAL EMPLOYEES. IT LOOKS LIKE IT'S COMING IN ABOUT 4% ADJUSTMENT. UM, WHERE IT COULD BE ACROSS THE BOARD AND MERIT INCREASES, WHERE WE HAVE BUDGETED THREE. SO THEY'RE COMING IN. A LITTLE BIT HIGH. THAN WHAT WE HAVE BUDGET. UH, THEN WE WERE ABLE TO GET SOME COB INFORMATION JUST KIND OF THE METRO FLEX IS A WHOLE ON WHAT KIND OF MOVEMENT IS GOING ON. JUST JUST METROPLEX Y AND YOU CAN SEE THAT THERE ARE MANY ADDITIONAL CITIES THAT ARE DOING ACROSS THE BOARD. A ADJUSTMENTS AS WELL AS MERIT INCREASES THAT'S COMING IN ABOUT 6% FOR PUBLIC SAFETY AND THEN 5% FOR JOAN BOYS. SO, UM I JUST WANTED TO COUNSEL TO BE AWARE THAT THERE ARE THERE ARE SEVERAL CITIES OUT THERE THAT ARE MAKING ADDITIONAL ADJUSTMENTS THIS YEAR. AND THESE. THESE ARE YOUR NUMBERS YOU'RE GETTING FROM OTHER. HR DIRECTORS AND SAYS THIS IS WHAT WE'RE PLANNING TO PUT INTO OUR BUDGET HAVE NO IDEA WHAT COUNCIL IS GOING TO DO OR OR EVEN STAFF MAY HAVE CHANGES BEFORE WE GET PROPOSED BUDGET.
THESE ARE PRELIMINARY. YEAH AND THERE MAY BE SOME CITIES THAT ARE HOME BAD. SURE SAY YEAH. UM DO YOU? CAN YOU REMIND ME WHAT WE DID LAST YEAR OF SLEPT SINCE THEN? SURE IN OCTOBER, WE DID A 5% ADJUSTMENT TO POLICE AND FIRE. PUBLIC SAFETY AND 1% ADJUSTMENT FOR THE GENERAL EMPLOYEES. AND THEN IN APRIL, WE CAME BACK AND DID ANOTHER 1% FOR GENERAL. ON TOP OF THE TOP OF THE THREE THIS STEP ON TOP OF THE THREE STEPS AND ON TOP OF THE THREE AMERICANS FOR PUBLIC SAFETY IN OCTOBER WAS 8% INCLUDING THE 3% STEP 4% FOR GENERAL. AND MEMBERS. 4% FOR GENERAL STAFF WAS ONE AND ONE AND THEN ON AVERAGE, GENERAL EMPLOYEES GET 3% MARRIED. SO
[01:10:01]
FIVE A AND THEN SO FOR THE BEGINNING, AND ONE MORE THAT WE DID. THE OTHER WAS APRIL AND HOW MUCH WAS THAT? YOU SAID 1% THAT'S ALL THAT WAS IN APRIL. BUT REMEMBER, WE WELL, IT WAS BECAUSE, REMEMBER, THERE WERE A FEW VACANCIES. I THINK, LIKE A SENIOR ENGINEER, VACANCY AND SOME OTHER VACANCIES THAT WE REALLY. WELL. BELOW. AND WE BROUGHT THOSE UP AS WELL WE DID THE. BUT WE ALL BROUGHT UP POSITIONS TOO. VALUE BECAUSE WE WERE. REMINDER THE CPI IS CRAZY THIS YEAR. INFLATION. BEYOND THROUGH THE ROOF, ALTHOUGH UM MAYBE THINGS AS FAR AS FUEL COSTS ARE STARTING TO COME BACK DOWN, THANKFULLY. UH, BUT JUST WANT TO USE THIS INFORMATION TO LET YOU KNOW THAT UM OTHER CITIES ARE MAKING ADDITIONAL CHANGES FOR NEXT YEAR. UM JUST AS A BENCHMARK OF BALLPARK FIGURE. IF WE WANT TO DO A 1% ADJUSTMENT. UH ON 10 1. IT WOULD COST ABOUT 272,000. THIS NUMBER IS A LITTLE BIT DIFFERENT THAN WHAT YOU MAY HAVE GOTTEN EARLIER . UM WHEN I INITIALLY GOT THOSE NUMBERS I NEGLECTED TO PUT IN, UM SO SECURITY MARIA. SO THAT'S THE DIFFERENCE AND THOSE NUMBERS. UH UM. IF YOU DELAYED IT TO 11. OKAY. IT COMES DOWN A LITTLE BIT. IF YOU DO AN APRIL ADJUSTMENT, IT COMES IN AT ABOUT 136 AND THERE'S THE 2% NUMBERS.THEY JUST DOUBLE 1. SO JUST TO BE CLEAR THE THREE PERSON STEP FOR PUBLIC SAFETY AND THE 3% MERIT FOR GENERAL EMPLOYEES IS ALREADY IN THE BUDGET. THIS WOULD BE AN ADDITIONAL THE NUMBER, OKAY? AND UH, IN REGARDS SINCE I WASN'T HERE FOR THE LAST CYCLE IN REGARDS TO THE MARKET STUDIES. WHERE. HAS THAT BEEN COMPLETED FOR ALL POSITIONS OR DO WE HAVE TO DO THAT REGULARLY, SO I WAS INSTRUCTED BY THE FINANCE COMMITTEE TO DO THAT LAST NOVEMBER, OKAY, WHAT WE BASED THE APRIL ADJUSTMENTS ON OKAY. SO WE FEEL LIKE WE'RE AT MARKET RATE. AS LONG AS WE CATCH UP. YES DOING HERE? YES. YES, SURE. THANK YOU. AND ONE OF THE THINGS WE'RE TRYING TO DO, AND HOPEFULLY YOU'VE NOTICED. WE HAVE HAD A LOT OF VIDEO BUDGET AMENDMENTS IN THE PAST, AND I'M TRYING TO ANTICIPATE VARIOUS THINGS THAT MIGHT COME UP. YEAH. CITIES ALL AROUND US. HAD HIGHER TURNOVER OR HAD HIGHER PAY RAISES. AND THEN OUR TURNOVER WENT UP. I JUST I JUST WANT TO BE UPFRONT ABOUT WHAT'S HAPPENING ON THE WAGE FRONT BECAUSE WE ARE SEEING AND HEARING FROM OUR PURE SERIES. UM. SO LET'S MOVE ON TO THE GENERAL FUND AND ADAPT THAT YOU'VE LET ME GET THROUGH THE OTHER, UM, FUNDS TO AND THEN WE CAN HAVE OUR DISCUSSION. SO.
HERE'S THE GOOD NEWS IS OUR STRONG REVENUE GROWTH HAS ALLOWED STAFF TO FUND ALL OF THE DISCRETIONARY PACKAGES. OKAY INCLUDING THE THREE AND A QUARTER BILLION OF CAPITAL DEDICATED AND THE 3. COMPENSATION SO THAT'S A LOT TO TAKE ON GIVEN 48 A HALF POSITIONS. NOW, WHAT IS THE BAD NEWS? WELL THE BAD NEWS IS AT THE LOWER RIGHT HAND. THERE'S NOTHING LEFT OVER. THAT'S THE FIRST THING SO THERE'S NO UM CONTINGENCY FUNDS. THERE'S NOTHING OVER THE 25. SO THAT'S THE FIRST THING THAT YOU NEED TO LOOK AT. UM WE HAVE CHANGED THE FORMATS THIS YEAR. TO DISTINGUISH BETWEEN RECURRING AND NON RECURRING, AND SO YOU'LL SEE THAT THE OTHER THING THAT WE DID WAS ON YOUR GENERAL FUND SUMMARY, YOU WILL SEE THE LINE ITEMS FOR THE PERSONNEL THAT ARE BEING REQUESTED SO YOU CAN SEE THE IMPACT. AND DIVIDE IT UP.
PLEASE. FIRE. AND THEN OTHER DEPART. THAT YOU CAN SEE THE EXACT IMP. THEN. THE ONLY THING
[01:15:11]
WE HAVE FOR THE FUTURE YEARS. UH, THE IMPACT OF WE ADDED ALL OF THE CURRENT YEAR? WE DON'T.HAVE YOU. REQUEST. THAT WILL COME. NEXT. MEET. WHEN WE HAVE THE FIVE STAFF. AND PLAN FROM THE. WE WILL GO ON. AND. SLOT IN ALL. POSITION. BEING. REQUESTED OVER. THE NEXT. YEARS.
THAT ALSO SAW. HUMAN REPORT. THAT SAID. WE'RE TOO MILLION SHORT. 6.5 JUST TO ME. WHAT WE HAD. TO DO. NOT EXCEL. ANY. QUARTER MILLION NUMBER. I'M NO, I NUMBER HERE SAID YOU'VE TALKED ABOUT IT SEVERAL TIMES. GET TOTALLY. THAT'S WHY THAT'S WHY I'M SAYING I WANT YOU TO SEE THE FULL PICTURE. OF THE. THE MARKET WILL KIND OF SWING BACK. THE PENDULUM HAS SWUNG TOO CRAZY.
AND HOPEFULLY IT WILL COME BACK AT LEAST A LITTLE BIT. BACK TOWARDS CENTER. WE'VE ALREADY SEEN A SLOWING OF, UH HOME SALES . AND I'VE HEARD SOME, YOU KNOW, ASKING PRICES ARE COMING DOWN AND THINGS LIKE THAT. AND SO WILL WE SEE THE SAME ON CONSTRUCTION MARKET. WE'RE HOPING BUT NO, YOU'RE YOU'RE RIGHT ON CHARLES. THERE ARE THOSE COST OVERRUN PRESSURES.
THAT HAVE NOT BEEN ACCOUNTED FOR HERE. AND UH, EVEN INFLATIONARY PRESSURES WITHIN THE GENERAL FUND. IF THINGS CAME BACK HIGHER THAN WE WERE EXPECTING. THERE IS NO EXCESS FUND BALANCE, RIGHT? AND ALL OF THIS PRESUMES NOBODY WANTS TO BUILD A REC CENTER, A SENIOR CENTER, A NEW LIBRARY OR PART OF ALL OF THAT, WITHIN THE NEXT 10 YEARS. SO YOU WANT TO DO THAT, WE NEED MORE THAN 3.2 MILLION. IT SOUNDS LIKE TO ME. WHICH AND WE'VE GOT A CAP ON OUR DEBT EXPOSURE, SO WHAT WE NEED TO DO IS TRY TO MY TAKE IS WHAT WE NEED TO DO. BUILD. THAT CAT. FUND. TOO. THAT WE'VE GOT. YOU KNOW, PROBLEM AND PARTICULARLY IF WE WANT IF PEOPLE WANT SOME OF THESE FACILITIES IN THE NEXT 10 YEARS SO THAT YOU KNOW, WE'RE INVESTING IN JUST AS HE SAID, YOU KNOW, PASS IT ON CONSENT. TO FINISH. THE. BUT WE ALREADY INVESTED BECAUSE WE'RE DOING THIS STUDY, SO THAT'S ANOTHER ONE TO ME THAT IS A BIG IT'S A BIG PRIORITY FOR ME, AND I JUST THINK, YOU KNOW. AND SO. THE IF WE WERE TO INCREASE THE 3.25 MILLION AGAIN. WE HAVE THAT TENSION BETWEEN CAPITAL AND OPERATIONS. WE WOULD HAVE TO CUT OPERATIONS. AND. AS YOU CAN SEE, I'VE LISTED THREE OPTIONS. YES
[01:20:07]
SOUNDS LIKE I MAY NOT BE THE SHARPEST KNIFE IN THE DRAWER, BUT IT SOUNDS LIKE YOU'RE NOT GOING FOR NUMBER ONE. SO IF YOU LOOK AT NUMBER TWO, AND THIS IS WHERE WE WERE WANTING TO GET SOME DIRECTION FROM COUNCIL. UH YOU KNOW IF YOU CAN KIND OF GIVE US BROAD PARAMETERS WITHOUT GETTING INTO THE WAGE OR SPECIFIC DEPARTMENTS OR PERSONNEL UM THERE'S A COUPLE DIFFERENT APPROACHES. WE CAN LOOK AT EMPLOYEE ACCOUNT WE CAN SAY WE ARE ONLY WANTED TO GROW WITH POPULATION. AN ARBITRARY AMOUNT. AND. THE ADVANTAGE OF THAT IS WE'RE PUTTING FINANCIAL DISCIPLINE ON THE ON THE GENERAL FUND AND MORE FREEING UP THAT CAPITAL THAT WE NEED. BUT THE CORN, OBVIOUSLY IS IT DOESN'T CONSIDER UH, THE ACTUAL NEEDS OF THE DEPARTMENTS. YEAH THE DEPARTMENT'S CURRENTLY UNDERSTAFFED AND WE ONLY LET THEM GROW BY A CERTAIN PERCENTAGE. IT DOESN'T ALLOW THEM TO CATCH UP OR IT DOESN'T TAKE IN. CONSIDERATION. COME ONLINE. EXCESS. UH IF 3.25 IS NOT ENOUGH WHAT TARGET NUMBER? WOULD YOU WANT IT TO BE, AND THEN BASED ON THAT WE WOULD KNOW HOW MUCH TO CUT. FROM THE GENERAL. FUND. THAT FOR A CONTINGENCY AND THE GENERAL FUND , ALSO JUST TO LEAVE A LITTLE QUESTION THERE. BUT ABOVE THE AMOUNT THAT WE HAVE THE 25% POLICY IF WE DIDN'T HAVE A 25% POLICY 25% FAIRLY GENEROUS. BUT AGAIN OF THE THINGS THAT I NEVER WANT TO DO. IS VIOLATE. MY FINE. POLICY. THAT SET. OURSELVES.THEN I HAVE TO THAT. TO THE. LISSY OR IS IT A MONTH TO MONTH . OR IS IT A. PINION IF 25% IS A IS A PRETTY GOOD NUMBER, PRETTY HEFTY SAFE NUMBER SO IF IN THE MIDDLE OF THE YEAR WE WANTED TO IF WE BUDGET TO HAVE IT 25% BUT IF WE DECIDE TO DRAW DOWN. WE'VE SET OUR BUDGET. WE DRAW IT DOWN A MILLION. YOU GOT SOME NEED. BUT AT THE END OF THE YEAR ARE NEW. BUDGET TO HIT THE.
RECOUPED. THE COUNCIL WE ALSO IN MONTHLY STATEMENTS IN THE INFORMATION WE PROVIDE THE AGENCIES, SO IF WE WERE BELOW WHEN WE'RE GOING OUT TO DEBT. PROBABLY NOT THE THING IN THE WORLD. I MEAN, AGAIN. I'M GOOD WITH THE $5 1000. IT'S JUST I MEAN, IF IT'S. IT'S ONE OF THOSE THINGS THAT. THERE'S GOING TO BE SOME WIGGLE ROOM. PROSPER HAS GREAT CREDIT AND WE HAVE STRONG FINANCIAL, UM, TAX PACE GROWING AND EVERYTHING. SO ARE THE WRITING AGENCY IS GONNA LET THINGS LIKE THAT. SLIDE IF IT DOESN'T HAPPEN TOO OFTEN, PROBABLY SO. I MEAN, I DON'T SEE I'M NOT A FAN OF ADDING ANOTHER 500,000 TO A CONTINGENCY HERE. I'D RATHER GO INTO A CAPITAL.
ACCOUNT WHERE WE'RE GETTING THAT ACCOUNT, GO TO CAPITOL AND THAT'S THAT'S A POLICY THAT 25% WELL. GOT. IN THAT NUMBER, AND WE'VE GOT CONTINGENCY IN OUR BUDGET. PROCESS. USUALLY MORE THAN LIKELY WILL EXCEED OUR. LIKELY THEY COME IN. THAN EXPENSES BECAUSE WE'RE LIKE WE'VE GOT 24. VACANZE. NOW. THAT WE'RE NOT PAYING IN BUDGET OR. THE ONE THING I NEVER WANT TO OVER PROMISE RIGHT? TO UNDER. OVER TWO SO I'M GOING TO BUILD IN CAUSE. THE 25% IT'S THERE FOR
[01:25:13]
A REASON. AND IF THERE WAS SOMETHING TOTALLY UNEXPECTED THAT CAUSED US TO HAVE TO DIP INTO IT, THEN THE POLICY HAS A PROVISION FOR REPLENISHMENT. AND AS LONG AS FOLLOW THAT WE WOULD BE, YOU KNOW. THE OF THE UH. UTILITY FUND. AND REALLY ON ALL THE ENTERPRISE FUNDS. OUR GOAL IS NOT TO MAKE A PROFIT.OUR GOAL IS TO BREAK EVEN OVER TIME. HOWEVER. WHEN YOU RUN A WATER UTILITY AND TEXAS YOU HAVE COOL SUMMERS. AND LATELY IT SEEMS LIKE WE HAVE A LOT OF HOT SERVERS AND THOSE SUMMERS WHEN YOU SELL A LOT OF WATER, YOU'RE GOING TO GENERATE MORE REVENUE THAN. AND EVEN BUDGET OR DRAW DOWN OF THAT SURPLUS. AND THEN NOT RAISE RATES UNTIL WE NEED TO. AND SO EVEN THOUGH WE ARE SEEING UH, PRICE PRESSURES, PARTICULARLY FROM NORTH TEXAS MUNICIPAL WATER DISTRICT. WE ARE NOT PROJECTING THE NEED FOR RATE INCREASE IN THE UTILITY FUND THIS YEAR. THAT'S THE GOOD NEWS.
WE ARE CREATING A SOLID WASTE FUND THIS YEAR. SO WE'RE REMOVING ALL OF THE REVENUES AND ALL OF THE CONTRACT EXPENDITURES TO C W D INTO A SEPARATE FUNDS SO WE CAN TRACK ALL THOSE CALLS.
SEPARATELY. CHOOSES TO GO OUT FOR RP THAT WOULD BE AN ADVOCATE ON THE PART OF THE TOWN AND KNOWS THE SOLID WASTE INDUSTRY, PARTICULARLY HERE IN NORTH TEXAS. VERY WELL.
AND COULD HELP. US A THAT WOULD GIVE US. IF. THUS MORE. FLEXIBILITY. IN CONTRACT. IF WE NEEDED. IN OUR CONTRACT PRICING FOR THAT 1.6 MILLION. THAT WAS 10 YEARS.
CONTAINERS UM, BY PREVIOUS CITY . WE OWN THE CONTAINERS. AND IT WORKED. BEAUTIFULLY WE REQUIRED THE SOLID WASTE HAULER TO MAINTAIN THE CONTAINERS ON OUR BEHALF AND REPLACE THE CONTAINERS AND WHEN NEW HOMES WERE BUILT THEY WERE RESPONSIBLE FOR GETTING THEM OUT. SO WE'RE TOTALLY OUT OF THE CONTAINER BUSINESS. WE JUST OWNED THEM THE CONTAINERS. UH. A LOT DEPENDS ON WHETHER THE HOMEOWNER KEEPS THEM IN THE SUN OR NOT. AND HOW GOOD THE EQUIPMENT IS. THOSE ARMS CAN SOMETIMES CRUSH THEM BY RATE IS A FUNCTION BUILT INTO THE RATE. SO PROBABLY WHAT WE WOULD DO IS BASED ON THE MANUFACTURERS ESTIMATE. WE WOULD AMBER TIES THEM OVER. IT WOULD PROBABLY BE IN THE 78 YEAR RANGE FOR THE CONTAINERS. AND THEN, OF COURSE, WHEN WE GO OUT TO SEEK BIDS. WE WOULD BE ADVERTISING THAT COST SO THE CONTRACTORS WOULDN'T HAVE THE COST SO WE WOULD EXPECT A LITTLE LOWER PRICING BECAUSE THEY'RE NOT HAVING TO PROVIDE THE CONTAINERS. NEXT ONE IS EMPLOYEE HELL. JAMES HAS BEEN WORKING DILIGENTLY. WE'RE LOOKING AT A VERY, VERY MODEST
[01:30:03]
UM RATE INCREASE. WE HAVEN'T PUT IT IN, UH, JUST PUT THE TWO XS IN BECAUSE WE HAVEN'T FINALIZED YET, OR TAKING IT TO THE EMPLOYEE COMMITTEE. OKAY SO WE'RE LOOKING AT A 2, WHICH AND THIS ENVIRONMENT IS PRETTY GOOD, AND WE WILL ALSO BE REBUILDING PROVIDERS. AND SO THAT'S IT FOR YOU EXPLAIN WHAT THAT MEANS THAT THE EMPLOYEE COMMITTEE FINANCE LIKE.RECOMMEND CHANGES TO THE HEALTH PLAN. OR POLICY CHANGES. WE ALWAYS WANT TO GET THEM EXPIRE.
WE KNEW THAT THERE WAS GOING TO BE A SMALL DEFICIT AND THE HEALTH FUND. SO THE RECOMMENDATION WAS TO EITHER INCREASE. THE GREAT THE CONTRIBUTION RATE. OR WE WEREN'T GONNA RECOMMEND CHANGING. DR OKAY, SO THEY WOULD RATHER SEE A SMALL, INCREMENTAL CHANGE, TOO.
CONTRIBUTION RATES SPENDING THAT'S WHAT THIS THIS RATE IS THE CONTRIBUTION RIGHT FROM THE EMPLOYEES, RIGHT? OKAY. THANK YOU. THANK YOU. OKAY AND THEN THE LAST ITEM AND, UH, I'M GONNA HAVE TO DO A MEDIACORP ER DEPARTMENTS HAVE PROVIDED THE LIST OF PROFESSIONAL SERVICES. I DID NOT GET A CHANCE TO GO THROUGH IT AND FORWARD IT ONTO THE COUNCIL. I'LL DO THAT.
PROBABLY TOMORROW. I JUST GOT WRAPPED UP IN A BUNCH OF DIFFERENT THINGS THAT. I HAD TO TAKE CARE OF EMAILS. READY GUYS . MAYBE I WASN'T GOING TO SAY THAT. OKAY, SO. UH AT ANY RATE, BUT WE'LL GET YOU THAT INFORMATION AND WE I BELIEVE THAT'S OUR LAST FOLLOW UP ITEM FROM JULY. 12TH. THE FEEDBACK FROM THE COUNCIL. WE HAVE OUR AGENDA. ITEMS FOR THE. AND PUBLIC HEARING. PROCESS. STAR. BUT BEFORE THAT, WE LIKED, YOU KNOW. HEAR. FROM. SO YOU CAN REALLY WRITE IT ON TO THE CHARGE TO THE FINANCE COMMITTEE IN TERMS OF WHAT YOU WANT THEM TO LOOK AT. AND I WILL TELL YOU THAT WITH THE FINANCE MEETINGS. FOR WE KNOW THAT STAFF IS GOING TO BE DOING MOST OF THE WORK AS IT SHOULD BE. AND SO I HAVE SCHEDULED A MEETING FOR. THE.
THAT WE RECEIVED TONIGHT AND WE'LL BE STARTING THAT. AND THEN THERE, WE MAY HAVE AN ALL DAY.
MEETING. WE MAY ALLOW EXACTLY STAFF TO GO BACK TO THE INDIVIDUAL. AREAS. WHAT THEY UP WITH. AND THEN GO FROM THE. WHAT MIGHT IS. IS THAT ON THE 20. MY FEEDBACK. I'LL START IF ANYBODY ANY ELSE WANTS TO SOMEBODY ELSE. OKAY? POINT QUESTIONS, AND EVERYBODY HAS TO ANSWER THEM. AND SO I APPRECIATE THAT THE INFORMATION. LOT. I LIKE THE DETAILS. GET THIS MICROPHONE DIDN'T WORK FOR ME. UM. LAST YEAR'S BUDGET OF PREPARATIONS WERE $73.4 MILLION . THIS YEAR IS 95.6 MILLION. I THINK THAT IS INCREDIBLY. VERY, VERY LARGE INCREASE, AND I KNOW
[01:35:08]
OUR TOWN IS GROWING. BUT OUR GROWTH WAS 14% POPULATION GROWTH. 14% 14% 31. 31,100 AT THIS TIME LAST YEAR WAS OUR POPULATION. NOW IT IS 35 4 30. IT'S A 14% INCREASE IN POPULATION 30% INCREASE IN APPROPRIATIONS. NOT INCLUDING OBVIOUSLY DEBT SERVICE, CAPITAL PROJECTS, IMPACT FEES, ALL THAT SO, UM HAVING SAID THAT? I WOULD BE IN FAVOR OF A HIGHER CAPITAL DEDICATED FUND FOR THE REASONS ALREADY STATED. I LIKE THAT. I THINK WE ARE. YOU KNOW, FACING SOME CHALLENGES WITH NOT ONLY GETTING PROJECTS ON THE GROUND AND DONE FOR THE BENEFIT OF OUR CITIZENS, BUT ALSO DEALING WITH OVER RIDGES. UM AS FAR AS PERSONNEL GOES, I WOULD BE IN FAVOR OF TAKING CARE OF THE PEOPLE. WE HAVE FIRST. BY THAT I MEAN INCREASES. UM LAST YEAR AS WE SAID PUBLIC SAFETY WAS 8% AND GENERAL EMPLOYEES WERE 5. BUT THE RIGHT OF INFLATION IS 9.1, SO IT'S AS IF THEY GOT A PAY CUT. SO I WOULD LIKE TO MAKE SURE WE'RE PRIORITIZING THE PEOPLE THAT WE HAVE. UM THAT WORK HARD FOR US EVERY DAY FIRST AND THEN ADDING, UM MUCH MORE. I KNOW IT'S GONNA BE A CHALLENGE TO CUT THE PERSONNEL. REQUEST. BUT LAST YEAR, YOU KNOW IT HERE IN THE. IT WAS THIS PACK. ME 36.5 AND THEN 50 PLUS AGAIN IS NOT DOABLE. I JUST DO SEE HOW WE'RE TO GET THERE. I WOULD LIKE THEM TO DO A DEEP DIAMOND TO WHERE THEY'RE REALLY, REALLY, REALLY. I HAVE YOU KNOW LOTS, LOTS MORE ACTIVITY, AND THEY'RE UNABLE TO MEET DEMAND AND GO FROM THERE. UM AS I'VE SAID BEFORE, LAST YEAR, YOU KNOW MY PRIORITIES ARE FIRST ARE GOING TO BE INFRASTRUCTURE AND PUBLIC SAFETY. SO WHEN I LOOK AT THE SLIDE, HEWLIN PRESENTED AND IT SHOWS, YOU KNOW ALREADY THIS YEAR A COUPLE OF MILLION UNDER AND IT'S PROBABLY MORE THAN THAT. JUST ON THE PROJECTS WE HAVE FOR THIS YEAR, ONE OF THEM BEING ANOTHER FIRE STATION IN A COUPLE OF ROADS THAT WE DESPERATE NEED. LITTLE DEDICATED WHILE ALSO HAVING SOME SAVINGS FOR THE OUTER YEARS. SO THAT'S WHY I THINK THE CAPITAL DEDICATED FUND NEEDS TO BE INCREASED ABOVE THE 3.25 MILLION . I'M OKAY. US. DOWN TO. WE NEED TO HAVE ANY MORE AFTER THAT.THAT'S BASICALLY WHAT YOUR CAPITAL DEDICATED IS. YOU'RE JUST MOVING OVER TO A SAVINGS ACCOUNT. I JUST WANT US TO AS A COUNCIL. MAKE SURE THAT WHEN WE ARE STRATEGICALLY PLANNING AND WE'RE DISCUSSING THINGS WE ARE PRIORITIZING AND MAKING IT CLEAR TO STAFF THAT THE ITEMS THAT WERE PRIORITIZING SO THAT IS MY FEEDBACK. UM NEXT. OKAY, IF YOUT OF THAT MESSAGING. I DEFINITELY IN FAVOR OF I THINK THE GROWTH IS CONCERNING IN THE BUDGET. HEAD COUNT BEING A BIG PIECE OF IT. UM I AM A COMPLETE AGREEMENT. THAT EVERYONE TO CALL IT. UM ON ALL OF OUR CITIZENS AND OUR STAFF, AND I WOULD PREFER UM TO SPEND MONEY, YOU KNOW, WITH CURRENT EMPLOYEES AS WELL. SO I'LL BE IN FAVOR OF WHATEVER RECOMMENDATION THERE THAT COME UP WITH THE FINE.
COMMITTEE. OR WHATEVER. ENCOURAGED. BY THE, YOU KNOW. EXCEPT OF THE. TO TAKE ADVANTAGE OF THE BENEFIT. BY. BALL STEPPER MERIT WOULD BE. I THINK THAT'S VERY APPROPRIATE. I THINK THE JOB MARKET AND ANCILLARY SENSE. JUST AS MUCH SENSE. BUT I DO. I DO. VALUE. OUR EMPLOY. I. I RECOGNIZED PRESSURE. I HOPE WE DO THAT. ASSESSMENT NUMBER IS THE TRUTH.
[01:40:05]
AND TAXATION IS. 2% I THINK SALES TAX OR PROJECTING IT'S LIKE 700,000, SO IT'S NOT A HUGE JUMP THERE AND THE GENERAL BASS . YEAH, RIGHT. LOOK ORIGINAL BUDGET TO ORIGINAL BUDGET. IT'S A MUCH LARGER IN RIGHT BUT I FEEL LIKE, UM WORK KIND OF GROW. THE OVERALL BUDGET. A LITTLE HEAVIER. THAN THAT. AGAIN TAKING INTO ACCOUNT SOME OF THOSE OTHER THINGS LIKE THE COST OVERRUNS AND THOSE KIND OF THINGS AND SO WHEN I KNOW THAT. LIKE OURSELVES WHOSE ASSESSMENTS WENT UP. UM AND MAYBE PEOPLE'S. SALARIES AND DIDN'T GO UP COMMENSURATE WITH THAT, AND THEN THERE'S ALSO INCREASING COSTS OF THE SAME CONCERNS. I HAVE FOR THE EMPLOYEES JUST WANT TO MAKE SURE WE'RE CONSIDERING THAT. ARE AS WELL. FOR SOME. KNOW, THE MORE OF. AND I WANT TO MAKE SURE AS WE'RE TALKING THROUGH THESE THINGS THAT WE UNDERSTAND THAT BUT I ALSO UNDERSTAND YOU KNOW THAT WE HAVE $200 MILLION IN OVERWHELMINGLY APPROVED BOND PROJECTS THAT WE HAVE TO FIGURE OUT HOW TO FUND. WITHIN. A PERIOD OF TIME. UM. REALLY? FOR ME, IT'S MORE OF A STRUGGLE TO GET THERE. SO I APPRECIATE YEAH. HOPEFULLY WE'RE GIVING GOOD DIRECTION ON HOW WE WOULD LIKE TO SEE THAT DOWN. IN REGARDS TO THE CAPITAL DEDICATED ON IN FAVOR OF. FOR AND I THINK THAT'S A SMART MOVE. AND I THINK IF I LOOK AT, LIKE, JUST SOME OF THESE DECK CALCULATIONS THAT WE TALK ABOUT THIS BEFORE THE MEETING, YOU KNOW WE ALL. HAVE A 50.AND IN THE BUDGET PER YEAR JUST TO SERVICE THE DEBT. UM IF WE'RE LOOKING AT THAT 12 MILLION, SO WE'RE AGAIN WE'RE YOU KNOW ANYTHING WE CAN DO TO KEEP NUMBER TO A MORE LEVEL.
ATTENTION. BECAUSE, UM. SOMETIMES WE GET IN HERE AND TALK TO THESE BIG NUMBERS, AND IT DOESN'T SEEM LIKE IT BOILS DOWN THE THINGS LIKE THAT COST PER CITIZEN. I DON'T PERSONALLY FEEL COMFORTABLE WITH THE IDEA OF CREATING A SAVINGS ACCOUNT. THOSE ARE CALLED SLUSH FUNDS BY A LOT OF PEOPLE. UM I UNDERSTAND WHY WE'RE DOING IT AND THE PURPOSE I'M COMPLETELY AROUND THAT I'LL GO WITH. RISK FOR A YEAR. BUT IT ALSO MEANS YOU KNOW THAT CAPITAL DOLLARS IS GOING THERE. THAT'S JUST MY PREFERENCE THERE, BUT THAT'S THAT'S MY FAVORITE. LET ME CLARIFY A LITTLE BIT. UM ONE OF THE THINGS THAT HEALING AND I HAVE HAD WORKING GO. THERE HE IS, OKAY, YOU AND I HAVE HAD A LOT OF CONVERSATIONS ABOUT IS KEEPING UNSPENT PROCEEDS DOWN TO A MINIMUM. ONCE WE ISSUE THE DEBT, MORE PAYING INTEREST ON THE OUTSTANDING DEBT. THE CITIZENS EXPECT TO SEE THE PROJECT DONE, SO WE WANT THE UNSPENT PROCEEDS SPINNERS AS QUICKLY AS POSSIBLE . AND REALLY, THE SAME THING WOULD BE FOR THIS CAPITAL DEDICATED IF HE DOESN'T HAVE IMMEDIATE ISSUE OR IMMEDIATE PURPOSE FOR IT. HMM. MY I MEAN MY EXPECTATION AND I WOULD THINK THE COUNCIL'S EXPECTATION FROM WHAT I'VE HEARD. IS THAT IT? THEN BE OKAY. WE HAVE AN EXTRA $3 MILLION A CAPITAL DEDICATED THAT HEWLIN DOESN'T HAVE AN IMMEDIATE USE FOR THAN WE ISSUED $3 MILLION LESS DEBT THAT. MUCH OF A SAVINGS ACCOUNT AS SOMETHING THAT WE WOULD UTILIZE AS A TOOL TO MANAGE OUR DEBT LEVELS AND KEEP THE CAPITAL PRO. THE RATE THAT WE WANT. TO GO.
OUT. YEAH, I DON'T LIKE THE IDEA OF YOU KNOW, AMY CALLED. IT'S KIND
[01:45:08]
OF LIKE A SAFE. ACCOUNT. THE TRUTH. THAT THE CAN THAT. WITH THAT MONEY. BUT THEY CAN DO A LOT OF THINGS WITH LOT OF MONEY. SO YOU KNOW, YOU CAN REALLOCATE MONEY. THE YEAR. CAN DO ALSO OF THINGS. SO ALL THE MONEY IS AFFECTED. AT YOUR. IF YOU DECIDE TO CHANGE YOUR MIND. ON SOME I WOULD LIKE TO THINK. THAT IS A COMMITTED. ACCESS. WE MADE IT. THE COW. NOT TO SAVE IT. BUT TO PAY OFF. DEBT. IT. AND SO I THINK THIS COUNCIL. AT LEAST. THIS COW. IS LIKELY. TO CONTINUE. THOSE LINE. TAKING. EXCESS. AND PROTECTING IT. AND USE IT, OKAY? WHERE CAN NOW. AS YOU. SALES TAX. AND PROPER. TAXES. COLLECTION. THAT X.WELL. 40. MILLION IN IN JEN FUNDING. YEAH. CHEERS 775. THE BUDGET. THE BUDGET WAS AT 42. I THINK THE ORIGINAL BUDGET AND SO NOW WE'RE AT AN ORIGINAL BUDGET AGAIN. SO I'M COMPARING ORIGEN BUDGET. UH, AND WE NEED TO WE NEED TO REIGN. THIS IN. WE ARE ALL COMING UP. A RECESSION. IN MY GUESS. I DON'T KNOW ANYTHING. NOT ECONOMIST, BUT. MY GUESS IS NEED TO BE PREPARED. RECESS.
WHILE. THE NUMBERS ARE. UH, YOU'RE IN ARREARS. AND SO THAT'S WHY I THINK THAT WE NEED TO BE EXTREMELY CAUTIOUS ABOUT INCREASING OUR EXPENDITURES THIS YEAR. UH, I DON'T HAVE A.
NUMBER. KNOW, I JUST THREW OUT SICK. MILLION 6 6,000,006. A HALF MILLION IN OUR.
EIGHT OR SOMETHING GET THERE. TO 10% AND STILL TO SIX BILLION. SO THAT'S KIND OF WHERE I LAND. I'M I'M COMFORTABLE. I AGREE WITH EVERYBODY TAKE CARE OF OUR EMPLOYEES FIRST. LET'S LOOK AND BE SURE AS WE DID MID YEAR LAST YEAR LOOK AND BE SURE THAT WE'RE DOING A GOOD THING WITH OUR CURRENT EMPLOYEES WHICH IF YOU'RE GONNA DO THAT. YOU'VE GOT TO REDUCE THE NUMBER OF NEW HIRES WE'RE GOING TO HAVE. IT'S NOT. IT'S NOT. YOU CAN'T DO THAT AND INCREASE YOUR CAPITAL DEDICATED. YEAH I DON'T WANT TO REPEAT EVERYTHING. I'M VERY MUCH ON BOARD WITH THE THINGS HERE, I THINK LOOKING BACK ON IT WITH REGARD TO THE EMPLOYEES YOU LOOK AT. UM WE'VE GOT TO TAKE CARE OF THE FOLKS WE HAVE. LOOK AT SOME OF THE ONE TIME CAUSE. IT WE. LEVEL THAT WE WOULD LOSE, SO I'M VERY MUCH ON BOARD FOR THAT, UH, AS FAR AS THE CAPITAL GOES, UH, PROGRAMS GO. I MEAN, OUR OUR
[01:50:05]
NEIGHBORS SPOKE SEVERAL YEARS AGO IN TERMS OF, UH I'M VOTING FOR THIS. WE NEED TO PROPEL.THOSE PROGRAM. FORWARD. AND WE NEED TO BE CREATIVE. NOW WE DO. THAT. BUT AGAIN AT THE END OF THE DAY WE HAVE YOU KNOW, WE HAVE SOME EXTERNALITIES PUSHING ON US, UM GREAT EXAMPLE. NEW HIGH SCHOOL. OVER ON FIRST STREET. SO THOSE ARE THINGS THAT WE HAVE TO TAKE ANY ACCOUNT, AND THAT IS A QUALITY OF LIFE THING THAT WE HAVE TO. WE HAVE TO DELIVER ON SO I AM. WITH MY. UH, RESPONSE TO A LOOK. DORIC LEASE. THAT WE WILL. WE WILL TAKE EXCESS MONEY. AND A PLACE FOR THAT. WE'RE NOT GOING TO CREATE MUCH FUN, SO I THINK IS AWARE OF THAT. AND SO I'M NOT GOING TO REPEAT. THAT. I THINK THAT'S. OKAY, SO I'M HEARING. RAISES COME BACK WITH A STRATEGY FOR PAY RAISES. ABOVE THE 3. I'M ALSO HEARING SUBSTANTIALLY INCREASE. THE, UM DEDICATED CAPITAL. DO YOU HAVE AN ABOUT THAT? YOU WOULD LIKE US TO TARGET COUNCIL MEMBER COTTON MENTIONED 6 TO 6.5 MILLION IS. IS THAT TOO HIGH? IS THAT TOO LOW? I WOULD NOT WANT TO SEE ANYTHING LESS THAN FIVE MILLION TO SIX. I THINK IT'S BETTER CONSIDERING THE OVER RIDGES I THINK ARE COMING FOR THIS YEAR, OKAY? YEAH, WE HAVE SOME HISTORICAL PRECEDENTS FOR THAT.
SO I'M I'M ON BOARD WITH THAT. OKAY, VERY GOOD. NO OBJECTION. ANY OTHER QUESTIONS AND THANK YOU FOR THIS IS GREAT DISCUSSION , AND THIS IS EXACTLY WHAT WE NEED TO HEAR TO BE ABLE TO BRING BACK THE BUDGET TO YOU. WITH WHAT YOU WANT. OKAY, WELL WITH THAT, I'M GOING TO TURN IT OVER TO BETTY, TOO. TAKE US. THROUGH THE END OF THE FORMAL ITEMS WITH GETTING THE ITEMS FOR THE TAX RATE AND PUBLIC HEARINGS SET. BEFORE WE DO THAT, DO WE? DID WE EVER ESTABLISHED ANY CONTACT WITH OUR PUBLIC CITIZEN? COMMENT OKAY, TYPE ANYTHING. OKAY SO YEAH, THAT THAT ENDS, UH, AGENDA ITEM NUMBER 16. 15 SORRY. SO MOVING ON TO 16. AH CONSIDER AN ACT UPON SCHEDULING A PUBLIC HEARING ON THE PHYSICAL YEAR 2022 2023 PROPOSED BUDGET BUDDY. GOOD EVENING, MAYOR PRO TEM AND COUNCIL. THIS ITEM IS TO SCHEDULE THE BUDGET PUBLIC HEARING AND THE BUDGET PUBLIC HEARING WILL BE HELD ON AUGUST 23RD AT THE REGULAR TOWN COUNCIL MEETING. WILL BE PUBLISHED. IN THE PRESS. PRESS. AND WHAT WE ALSO ON THE TOWN WEBSITE. THAT'S ALL THE INFORMATION I HAVE FOR YOU. YOU JUST HAVE TO VOTE. AH! PUBLIC HEARING. IS WE'RE 2022 23 BUDGET FOR. AUGUST 23RD 3RD 2ND THAT EMOTION BY COUNCILMAN BARTLEY IS SECONDED BY COUNCILMAN ANDREWS ALL IN FAVOR.
HE OPPOSED. UNANIMOUS VOTE. MOVING ON TO ITEM 17 CONSIDER AN ACT UPON SCHEDULING A PUBLIC HEARING FOR THE PHYSICAL YEAR, 2022 2023 PROPOSED TAX RATE. AND BETTY. OKAY AND SO THIS ITEM IS TO SCHEDULE THE PUBLIC HEARING FOR THE PROPOSED TAX RATE. THE PUBLIC HEARING WILL BE HELD ON SEPTEMBER 13TH AT THE REGULAR TOWN COUNCIL MEETING NOTICE WILL BE PUBLISHED IN THE PROSPER PRESS AND ALSO ON THE TOWN'S WEBSITE. PUBLIC HEARING ON PROPOSED TAX RATE FOR SEPTEMBER 13TH 2022 AT 6 15 PM WITH THE MEETING TAKING PLACE IN THE COUNCIL CHAMBERS ACROSS THE TOWN HALL, LOCATED IN THE WEST. THREE PRICE. THE SECOND. SECOND. SECOND BY A COUNCIL MEMBER, UM
[01:55:04]
CHARLES COTTON IN FAVOR. POSED PASSES YOU UNANIMOUSLY. UH AGENDA ITEM 18 CONSIDER ACT.ACCEPTING SUBMISSION OF THE 2022 NO NEW REVENUE TAX. 0.438227. PER $100 TAXABLE VALUE. AND THE VOTER APPROVAL TAX RATE OF 0.5 TO CENTS PER $100 TAXABLE VALUE, BETTY OKAY, SO THIS IS SUBMISSION OF THE NO NEW REVENUE RIG AND THE VOTER APPROVAL TAX RATE. AND THE NO NEW REVENUE RATE WILL PRODUCE THE SAME AMOUNT OF REVENUE IF APPLIED TO THE SAME PROPERTIES IN BOTH YEARS, AND THE VOTER APPROVAL RATE IS THE HIGH RATE OF TOWN CONSENT. WITHOUT IN. SEEK.
APPROVAL. THE RACE. MOTIONS. OUR HMM. MOVE APPROVAL. OKAY EMOTION BY COUNCILMAN COTTON SECOND SECONDED BY COUNCILMAN ANDREWS. ALL IN FAVOR. PLEASE RAISE YOUR HANDS OPPOSED. UNANIMOUS. MOVING ON TO AGENDA ITEM 19 CONSIDER AN ACT UPON A PROPOSED PHYSICAL YEAR 2022 2023 PROPERTY TAX RATE. AND BETTY ONCE AGAIN, OKAY. LAST ITEM. IN THE SIGHT OF MR SET THE PROPOSED TAX RATE TO PUBLISH FOR CONSIDERATION AND THIS WILL BE THE MAXIMUM TAX RATE THE TOWN COUNCIL CAN ADOPT.
WE CAN ADOPT A LOWER TAX RATE THAN THE PROPOSED 51 CENTS. WE JUST KIND OF NOT ADOPT A HIGHER TAX RATE. THIS REQUIRE A RECORD VOTE. OKAY? SO RECORD VOTE, OKAY? UH, ANY QUESTIONS. OKAY SO WE'LL GO WITH THE ROLL LOG COUNCILMAN COTTON YOUR VOTE. MOTION. SORRY MOVE APPROVAL. GOT IT IN MOTION BY COUNCILMAN COTTON SECOND SECOND SECONDED BY COUNCILMAN ANDREWS NOW ROLL.
GENTLEMEN CODE IN FAVOR. FAVORITE COUNCILMAN COHEN. I VOTE IN FAVOR BECAUSE IT'S THE MAX. YEAH. COUNCILMAN ANDREWS CONVINCED YET I VOTE IN FAVOR. I THINK COUNSELING BARTLEY. AND I VOTE IN FAVOR AS WELL. SUCH UNANIMOUS IT'S THE MAX. THAT NEXT AGENDA ITEM IS POSSIBLY DIRECT TOWN STAFF TO SCHEDULE TOPICS FOR DISCUSSION AT A FUTURE MEETING. ANYBODY HAVE ANY TOPICS? FUTURE DISCUSSION. OKAY, THAT WOULD BE A NO. SO THAT WOULD LEAD TO EXECUTIVE SESSION.
WE WILL RECESS INTO CLOSED SESSION AND COMPLIANCE WITH SECTION 551.1. IT'S SICK, UH, TEXAS GOVERNMENT CODE AS AUTHORIZED BY THE TEXAS OPEN MEETINGS ACT. TO DELIBERATE REGARDING SECTION 551.87. TO DISCUSS AND CONSIDER ECONOMIC DEVELOPMENT INCENTIVES AND ALL MATTERS INCIDENT AND RELATED THERE, TOO. SECTION 551.72. TO DISCUSS AND CONSIDER PURCHASE EXCHANGE LEASE OR VALUE OF REAL PROPERTY FOR MUNICIPAL PURPOSES AND ALL MATTERS INCIDENT AND RELATED THERE, TOO. SECTION 551.74. TO DISCUSS AND CONSIDER PERSONAL MATTERS AND ALL MATTERS INCIDENT AND RELATED THERE TOO. THE TIME IS NOW 7 44. WE ARE WEM OF YOU RUN OUT SO HERE WE GO.
AMY IS BACK. OKAY? THE TIME IS NOW 8 20. UH IT'S TIME TO RECONVENE. FROM EXECUTIVE SESSION. ARE THERE ANY ACTIONS NEEDED AS A RESULT OF CLOSED SESSION? NO ACTIONS, BUT I HAVE EMOTION. DO WE HAVE A MOTION TO ADJOURN? I HAVE A MOTION TO ADJOURN MOTION FROM COUNCILMAN COTTON. DO WE HAVE A SECOND? SECOND BY COUNCILMAN BARTLEY ALL IN FAVOR. HE OPPOSED. THERE IS NONE THAT PASSED UNANIMOUSLY. WE ARE ADJOURNED
* This transcript was compiled from uncorrected Closed Captioning.