City of Kyle, Texas
Notice of City Council Budget Meetings and Public Hearings
Proposed Operating and Capital Budget
For Fiscal Year 2016-2017
The Kyle City Council is scheduled to conduct Budget Meetings and Public Hearings on the City Manager's Proposed Budget for Fiscal Year 2016-2017 including property tax rate, water/wastewater service rates, and other fees/charges for various City services.
The City Manager will hold a Budget Workshop with the City Council on the Proposed Budget for Fiscal Year 2016-2017 on Saturday, July 30, 2016 at 8:00 a.m., at the Kyle City Hall, 100 West Center Street, Kyle, Texas.
The Proposed Budget for Fiscal Year 2016-2017 is a complete financial plan for all City Funds, programs, services, operations, and capital improvement program (CIP) activities for the period covering October 1, 2016 through September 30, 2017. The Proposed Budget for Fiscal Year 2016-2017 for all City expenditures totals approximately $79.2 million and includes 214.5 full time equivalent positions. Of the total $79.2 million Proposed Budget, the City’s General Fund budget for Fiscal Year 2016-17 totals approximately $21.4 million; revenues for General Fund totals approximately $21.4 million and expenditures total approximately $21.4 million.
A general summary of the City’s Proposed Budget for Fiscal Year 2016-2017 for all City Funds is provided below:
FOR ALL CITY FUNDS
· Estimated Beginning Fund Balance $ 52,605,173
· Estimated Revenue $ 49,110,996
· Estimated Available Funds $101,716,169
· Estimated Expenditures $ 79,204,970*
· Estimated Ending Fund Balance $ 22,511,199
*Reflects expenditure of $32.8 million in accumulated funds; $21,023,915 road bonds, $10,833,900 impact fees, $765,000 street maintenance fund, and $160,000 park development fund.
The City Council is scheduled to hold budget meetings and public hearings on the Proposed Budget and Rates for Fiscal Year 2016-2017 at Kyle City Hall, 100 West Center Street, Kyle, Texas, on the following dates:
City Council Budget Workshop: Saturday, July 30, 2016 at 8:00 a.m.
Public Hearing No. 1 on Budget & Rates: Wednesday, August 17, 2016 at 7:00 p.m.
Public Hearing No. 2 on Budget & Rates: Wednesday, August 24, 2016 at 7:00 p.m.
Adoption of Budget & Rates (1st Reading): Wednesday, August 31, 2016 at 7:00 p.m.
Adoption of Budget & Rates (2nd Reading): Tuesday, September 6, 2016 at 7:00 p.m.
All Kyle residents and interested persons are invited to attend the City Council’s Budget Meetings and Public Hearings and to provide their comments to the City Council. An electronic copy of the Proposed Operating and Capital Budget for Fiscal Year 2016-2017 will be available on the City's website beginning July 22, 2016. A printed copy of the complete proposed budget document will also be made available for public inspection beginning August 5, 2016 during business hours (except on a City holiday) at the Kyle City Hall located at 100 West Center Street, Kyle, Texas, and at the Kyle Public Library located at 550 Scott Street, Kyle, Texas.
Perwez A. Moheet, CPA
Director of Finance
July 21, 2016
City of Kyle
The City Council of the City of Kyle will consider adopting the following ordinances on second reading on August 2, 2016 at Kyle City Hall, 100 W. Center Street, at 7:00 p.m.:
An Ordinance of the City of Kyle, Texas, adopting the 2015 Edition of the International Building Code; adopting the 2015 Edition of the International Existing Building Code; adopting the 2015 Edition of the International Residential Code for One- and Two-Family Dwellings; adopting the 2015 Edition of the International Fire Code; providing for the adoption of local amendments thereto; adopting the 2015 Edition of the International Plumbing Code; adopting the 2015 Edition of the International Mechanical Code; adopting the 2015 Edition of the International Fuel Gas Code; adopting the 2015 Edition of the International Energy Conservation Code; adopting the 2014 National Electrical Code; adopting the 2015 Edition of the International Property Maintenance Code; adopting the 2015 Edition of the International Swimming Pool and Spa Code; providing for permits and inspection; providing for registration and license requirements for plumbing, mechanical, and electrical contractors; amending the city ordinance and the code of ordinances; repealing all parts of ordinances in conflict; providing a savings clause; providing for a penalty provision; providing an open meetings clause; providing a severability clause; and effective date.
An Ordinance amending the Code of Ordinances of the City of Kyle, Texas, by amending Chapter 20, Article IV, Sections 20-162 through 20-176, entitled Alarm Systems of said Code; providing for definitions; establishing regulations of alarm operations; requiring registration; providing for penalties; providing for appeals to city manager; establishing fees; establishing duties of alarm companies; providing public notice pursuant to the Texas Open Meetings Act; establishing that this article shall govern over previously adopted ordinances and resolutions in conflict with said article; providing for severability; for an effective date; and making such other findings and provisions related hereto.
R. Todd Webster
NOTICE OF PUBLIC HEARING ON INTENTION TO ISSUE
CITY OF KYLE, TEXAS GENERAL OBLIGATION REFUNDING BONDS
NOTICE IS HEREBY GIVEN that the City Council of the City of Kyle, Texas will convene at 7:00 p.m. on the 2nd day of August, 2016, at its regular meeting place in the City Hall, 100 W. Center Street, Kyle, Texas and, during such meeting, the City Council will conduct a hearing on whether it should issue its City of Kyle, Texas General Obligation Refunding Bonds, Series 2016 in the approximate par amount of $8,370,000 in order to refund portions of its outstanding obligations, including: City of Kyle, Texas Combination Tax and Revenue Certificates of Obligation, Series 2007; City of Kyle, Texas Combination Tax and Revenue Certificates of Obligation, Series 2008; and City of Kyle, Texas General Obligation Refunding Bonds, Series 2009. The purpose of the refunding is to provide debt service savings to the City.
The City is authorized to issue refunding bonds without an election subject to Chapter 1207, Texas Government Code. No provision is made for a petition in connection with such refunding bonds. The refunding bonds, if issued, will be payable from the levy of an annual ad valorem tax, within the limitations prescribed by law, upon all taxable property within the City.
After the conclusion of the hearing, the City Council will consider whether to issue such General Obligation Refunding Bonds.
/s/ Todd Webster
City of Kyle, Texas
City of Kyle
The City Council of the City of Kyle will consider adopting the following ordinance on second reading on July 19, 2016 at Kyle City Hall, 100 W. Center Street, at 7:00 p.m.:
An Ordinance regulating traffic, authorizing and directing the installation and erection of stop signs for the traffic control at the intersections of Kirby and Sanders, and Hartson and Mather, both in the city limits of Kyle; repealing any ordinance or resolution in conflict; providing a severability clause; declaring a penalty; and providing an effective date.
R. Todd Webster
CITY OF KYLE, TEXAS
NOTICE OF INDEPENDENT AUDITORS' REPORT
FOR FISCAL YEAR 2014-15
In accordance with the requirements of the City Charter, Article VIII, Section 8.13, the City of Kyle completed an audit of all accounts of the City by an independent certified public accounting firm for the fiscal year ended September 30, 2015.
The independent auditors' report for the fiscal year ended September 30, 2015 was presented by the auditors to the City Council at their regularly scheduled meeting held on March 1, 2016 at Kyle City Hall.
Highlights of the City's Comprehensive Annual Financial Report and the Independent Auditors' Report for the fiscal year ended September 30, 2015 include the following:
The independent auditors conducted their audit of the City's financial statements in accordance with auditing standards generally accepted in the United States of America.
The auditors' issued a "clean" or an unqualified report on the financial statements of the City of Kyle. This the highest level or the best type of independent auditors' report issued for audits of governmental entities including city governments.
The City’s Statement of Net Position for all accounts and funds for the fiscal year ended September 30, 2015 reported assets totaled $231.8 million, liabilities totaled $111.0 million, and net position totaled $120.8 million.
The City's overall net position (assets less liabilities) totaled $120.8 million which is an increase of $15.4 million or 15% as compared to the prior fiscal year.
The ending fund balance for the City's General Fund totaled $8.9 million (net) at September 30, 2015. This is $1.6 million or 22% higher than the prior fiscal year.
Revenue for the City's General Fund from all sources including transfers-in totaled $20.5 million for fiscal year 2014-15 (GAAP basis).
Expenditures in the City’s General Fund including transfers-out for governmental functions for public safety, public works, parks and recreation, library, municipal court, building inspection, planning, economic development, and general government totaled $18.9 million for fiscal year 2014-15 (GAAP basis).
A complete copy of the City's Comprehensive Annual Financial Report and the Independent Auditors' Report are on file in the City Secretary’s Office as a public record. These reports are also available on the City's website and at the Kyle Public Library.
Date Issued: March 2, 2016
Issued By: Perwez A. Moheet, CPA
Director of Finance
City of Kyle, Texas
City of Kyle Seeking Applications for Advisory Boards
The City of Kyle is seeking volunteers to serve on its various advisory boards. Current vacancies exist on The Library Board, Train Depot Board, Economic Development Board, and Parks Board.
An advisory board generally consists of seven members who are appointed by the City Council. The role of an advisory board is to review specific policy issues related to the mission and purpose of the board and forward findings to the City Council for its consideration.
After your application is submitted, it will receive a staff review and applications that best reflect the mission and purpose of the board will be forwarded for consideration.
Position descriptions and application forms are available at CityofKyle.com.