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Notice
of Vote on Tax Rate
The City of Mount Pleasant
conducted public hearings on a proposal
to increase the total tax revenues of the
City of Mount Pleasant
from properties on the tax roll in the preceding
year by 10.157883 percent
on Tuesday, September 4, 2007 at 6:00 p.m.
and
Tuesday, September 11, 2007 at 6:00 p.m.
The City Council of the City of Mount Pleasant
is scheduled to vote on the tax rate that
will result in that tax increase at a public
meeting to be held
on Tuesday, September 18, 2007 at 6:00 p.m.
at City Hall, 501 N. Madison.
| STATEMENT REQUIRED BY HB 3195 |
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| "This budget will raise more total property taxes than last year's |
| budget by $229,050 or 11.03%, and of that amount $18,116 is tax |
| revenue to be raised from new property added to the tax roll this |
| year." |
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August 13, 2007
Honorable Mayor and Council:
In accordance with Article V of the City of Mount Pleasant Charter and Chapter 102 of the Texas Local Government Code, it is my pleasure to present the 2007-2008 Annual Budget beginning October 1, 2007 and ending September 30, 2008. This budget is intended to serve as:
- A plan of financial operations involving an estimate of expenditures of the next fiscal year and the means of financing them.
- A management and operation plan for the allocation of resources during 2007-2008.
The proposed FY 2007-2008 Annual Operating Budget demonstrates continuing efforts to provide quality services to the citizens of Mount Pleasant while minimizing cost. The proposed budget for FY 2007-2008 totals $26,016,588 and reflects a decrease of $4,281,852 or 14.13% less than FY 2006-2007 projected budget of $30,298,440. The adopted budget for FY 2006-2007 was $24,667,591. Therefore, the proposed budget reflects an increase of 5.47% or $1,348,997 over last year’s adopted budget. Included in this budget are a new fire truck, an expanded vector control program, and three additional employees (one in the public works department, one at the airport, and one in animal control). Additional funds have also been budgeted to address issues with the wastewater plant. This budget allows for a 3% cost of living increase for all employees along with additional funds allocated for merit increases. The proposed FY 2007-2008 budget is balanced, with revenues and fund balance to support all proposed expenditures. The proposed tax rate for 2006-2007 will be the same as this year’s tax rate of $.309927. This rate represents an increase of 10.16% over the effective rate of $0.281348. Therefore, unless citizens’ valuations have been adjusted during the past year or they have made substantial improvements to their property they will not show an increase in city taxes. All other fees and rates are proposed to remain the same, with the exception of solid waste collections and wastewater charges.
I wish to express my appreciation to all of the City staff that had a role in the preparation of the budget. A special thanks to Finance Director Brenda Reynolds who did an outstanding job making sense out of this vast and complicated enterprise.
Sincerely,
Courtney B. Sharp City Manager
Anyon wishing to see the details of the budget may do so by coming to City Hall, 501 N. Madison, Monday-Friday 8:00 a.m. to 5:00 p.m.
| City of Mount Pleasant, Texas |
| GENERAL FUND |
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| SUMMARY OF REVENUES AND EXPENDITURES |
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ACTUAL |
PROJECTED |
PROPOSED |
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2005-2006 |
2006-2007 |
2007-2008 |
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| BEGINNING BALANCE |
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$2,728,160 |
$2,715,444 |
$2,860,776 |
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| REVENUES |
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| Current Property Taxes |
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$1,813,194 |
$1,875,000 |
$2,081,919 |
| Delinquent Property Taxes |
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57,733 |
53,000 |
53,000 |
| Penalties and Interest |
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45,060 |
40,000 |
40,000 |
| Sales Tax Collections |
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2,793,044 |
3,096,000 |
3,000,000 |
| Liquor Tax |
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22,231 |
27,000 |
27,000 |
| Other Taxes |
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349,130 |
387,000 |
375,000 |
| Solid Waste Collection |
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2,032,762 |
2,180,000 |
2,246,000 |
| Zoning and Platting Fees |
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8,639 |
4,500 |
4,500 |
| Swimming Pool Charges |
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18,840 |
16,500 |
18,000 |
| Vending and Concessions |
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5,457 |
5,500 |
5,500 |
| Building Permits |
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56,672 |
62,000 |
45,000 |
| Electrical Permits |
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15,494 |
3,000 |
3,000 |
| Plumbing Permits |
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7,249 |
2,700 |
3,000 |
| Mechanical Permits |
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6,453 |
4,000 |
4,000 |
| Other Permits and Licenses |
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11,788 |
10,000 |
11,000 |
| Municipal Court |
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1,097,798 |
790,000 |
900,000 |
| Pound Fees |
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13,984 |
12,000 |
14,000 |
| Library Fines |
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4,865 |
5,000 |
5,000 |
| Other Fines |
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1,050 |
1,900 |
1,500 |
| Interest Income |
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244,892 |
250,000 |
250,000 |
| Intergovernmental Revenue |
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1,406 |
0 |
0 |
| Contractual Income |
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362,367 |
372,959 |
376,440 |
| Miscellaneous Revenue |
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113,078 |
76,050 |
70,000 |
| Revenue From Other Resources |
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0 |
0 |
50,000 |
| Park User Fees |
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10,216 |
6,500 |
8,000 |
| Vector Assessments |
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0 |
0 |
45,000 |
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| Total Current Revenues |
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$9,093,402 |
$9,280,609 |
$9,636,859 |
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| Total Funds Available |
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$11,821,562 |
$11,996,053 |
$12,497,635 |
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| City of Mount Pleasant, Texas |
| GENERAL FUND |
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| SUMMARY OF REVENUES AND EXPENDITURES |
| (continued) |
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ACTUAL |
PROJECTED |
PROPOSED |
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2005-2006 |
2006-2007 |
2007-2008 |
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| EXPENDITURES |
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| 100-01 Legislative |
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$41,785 |
$38,912 |
$39,150 |
| 100-02 General Administration |
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487,247 |
387,352 |
398,560 |
| 100-03 Legal |
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28,553 |
29,800 |
30,670 |
| 100-04 Tax Assessment |
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98,076 |
98,500 |
99,000 |
| 100-05 Municipal Court |
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634,752 |
505,275 |
504,479 |
| 100-06 Elections |
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4,010 |
2,875 |
4,265 |
| 100-07 Planning Department |
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125,630 |
111,587 |
121,551 |
| 100-08 Library |
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254,860 |
243,789 |
255,598 |
| 100-11 Building & Development |
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221,774 |
206,734 |
206,784 |
| 100-12 Animal Shelter |
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95,982 |
100,778 |
150,878 |
| 100-13 Police Department |
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2,221,206 |
2,237,371 |
2,424,779 |
| 100-14 Fire Department |
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1,564,134 |
1,513,692 |
1,984,954 |
| 100-16 Code Enforcement |
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165,903 |
186,840 |
223,050 |
| 100-17 Park Department |
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562,913 |
499,561 |
655,311 |
| 100-18 Swimming Pool |
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70,347 |
50,405 |
51,250 |
| 100-20 Solid Waste Management |
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1,795,658 |
1,882,000 |
1,938,000 |
| 100-21 General Fund Vehicle Services |
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140,839 |
155,670 |
202,311 |
| 100-22 General Non-Departmental |
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600,762 |
884,136 |
566,800 |
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| Total Expenditures |
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$9,114,431 |
$9,135,277 |
$9,857,390 |
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| ENDING BALANCE |
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$2,707,131 |
$2,860,776 |
$2,640,245 |
| STREET DEPARTMENT FUND |
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| SUMMARY OF REVENUES AND EXPENDITURES |
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ACTUAL |
PROJECTED |
PROPOSED |
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2005-2006 |
2006-2007 |
2007-2008 |
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| BEGINNING BALANCE |
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$596,888 |
$1,151,140 |
$2,279,935 |
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| REVENUES |
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| Utility Franchise Tax |
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$1,312,937 |
$1,300,000 |
$1,325,000 |
| Interest Income |
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28,837 |
74,000 |
65,000 |
| Interfund Transfer |
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708,540 |
740,000 |
468,000 |
| Miscellaneous Revenue |
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8,134 |
6,900 |
6,900 |
| Revenue from Other Resources |
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304,915 |
319,488 |
319,488 |
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| Total Current Revenues |
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$2,363,363 |
$2,440,388 |
$2,184,388 |
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| Total Funds Available |
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$2,960,251 |
$3,591,528 |
$4,464,323 |
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| EXPENDITURES |
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| 415-01 Street Department |
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$1,809,111 |
$1,311,593 |
$2,139,751 |
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| Total Expenditures |
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$1,809,111 |
$1,311,593 |
$2,139,751 |
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| ENDING BALANCE |
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$1,151,140 |
$2,279,935 |
$2,324,572 |
| City of Mount Pleasant, Texas |
| AIRPORT FUND |
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| SUMMARY OF REVENUES AND EXPENDITURES |
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ACTUAL |
PROJECTED |
PROPOSED |
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2005-2006 |
2006-2007 |
2007-2008 |
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| BEGINNING BALANCE |
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$90,795 |
$164,427 |
$4,444 |
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| REVENUES |
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| Aviation Fuel Sales |
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$873,353 |
$900,000 |
$900,000 |
| Interest Income |
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0 |
3,200 |
1,500 |
| Leases and Rentals |
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72,222 |
78,000 |
78,000 |
| Miscellaneous Income |
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1,801 |
1,200 |
1,200 |
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| Total Current Revenues |
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$947,376 |
$982,400 |
$980,700 |
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| Total Funds Available |
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$1,038,171 |
$1,146,827 |
$985,144 |
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| EXPENDITURES |
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| 435-31 Airport |
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$873,744 |
$1,142,383 |
$966,811 |
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| Total Expenditures |
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$873,744 |
$1,142,383 |
$966,811 |
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| ENDING BALANCE |
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$164,427 |
$4,444 |
$18,333 |
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| City of Mount Pleasant, Texas |
| UTILITY FUND |
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| SUMMARY OF REVENUES AND EXPENDITURES |
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ACTUAL |
PROJECTED |
PROPOSED |
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2005-2006 |
2006-2007 |
2007-2008 |
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| BEGINNING BALANCE |
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$1,170,355 |
$1,334,255 |
$2,665,426 |
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| REVENUES |
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| Water Sales |
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$5,758,015 |
$6,100,000 |
$6,400,000 |
| Sewer Charges |
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1,327,387 |
1,300,000 |
1,400,000 |
| Taps and Connect Fees |
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110,700 |
100,000 |
100,000 |
| Penalties - Utility Billing |
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109,612 |
114,000 |
115,000 |
| Interest Income |
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108,135 |
141,500 |
110,000 |
| Contractual Income |
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12,590 |
900 |
0 |
| Miscellaneous Revenue |
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50,866 |
101,469 |
50,000 |
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| Total Current Revenues |
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$7,477,305 |
$7,857,869 |
$8,175,000 |
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| Total Funds Available |
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$8,647,660 |
$9,192,124 |
$10,840,426 |
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| EXPENDITURES |
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| 300-30 Engineering |
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$215,562 |
$216,709 |
$239,107 |
| 300-31 Utility Administration |
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343,764 |
370,486 |
398,526 |
| 300-33 Water Treatment |
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1,170,491 |
1,079,360 |
1,203,825 |
| 300-34 Fresh Water Supply |
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473,895 |
487,141 |
490,000 |
| 300-35 Wastewater Plants |
|
615,497 |
540,702 |
1,177,359 |
| 300-36 Utility Department |
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2,111,730 |
1,255,941 |
2,151,425 |
| 300-37 Utility Department Vehicle Services |
140,837 |
155,670 |
202,311 |
| 300-38 Utility Debt Service |
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1,516,883 |
1,680,689 |
1,744,433 |
| 300-39 Utility Non-Departmental |
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724,746 |
740,000 |
568,000 |
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| Total Expenditures |
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$7,313,405 |
$6,526,698 |
$8,174,986 |
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| ENDING BALANCE |
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$1,334,255 |
$2,665,426 |
$2,665,440 |
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