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CITY COUNCIL AGENDA ITEM BRIEFING SHEET Submittal Date: Originating Department: Presented By: 04/24/09 Council Date: City Council Kevin Carruth 04/27/09 _ Agenda ltem 1V o.: 19. RECOMMENDED MOTION: Motion to set a GeneYal Fund expenditure target of $ and an ad valorem tax rate of $0 for development of the FY 2009-2010 budget. POLICY ISSUE(S): Council goal BACKGROUND: Establishing targets for FY 2009-2010 General Fund expenditures and the ad valorem tax rate is a goal of the Ciry Council. The current ad valorem tax rate is $0.5200 and reflects a$0.175 reducrion in the tax rate since FY 2003-2004. The FY 2008-2009 General Fund expenditutes total $21,280,484. Our year-to-date sale tax receipts so far this year have been artificially higher due in large part to the three natural gas pipelines in design and construction, two of which will be completed by the Fall of 2009. Staff has already begun departmental budget pYeparation based on no additional revenue foY FY 2009-2010. Five charts accompany this briefing sheet compare inflation rates and per capita values, revenues, and debt. BOARD/COMMISSION RECOMMENDATION: EXHIBITS: FY 2009-2010 Budget Calendar; Charts: Municipal Inflarion Rate, Dallas CPI, Ad Valorem Value Per Capita, Ad Va ACTION: ❑ Financial ❑ Departm4 ❑ Presentat ❑ Public H, lorem Revenue Per Ca ita, & Total Debt Yer C;a ita com arison BUDGET INFO: Report ❑ Minute Order Expense $ -nt Report M Resolution Budgeted Amt. $ ion ❑ Ordinance y'TD Actual $ earing ❑ Other Acct. Name Acct. Number FISCAL NOTES: REVIEWED AND APPROVED BY: Z Administration Z City Clerk ❑ Community Development ❑ EMS/IT ❑ Finance ❑ Fire ❑ Municipal Court Z Legal ❑ Library ❑ Police ❑ Eng./Public Works ❑ Utilities Revised 2/04/08 City of Paris ~ 000228