NOTICE OF CITIZEN WORKSHOPS AND COMMISSION
MEETINGS ON CHARTER REVIEW
NOTICE IS HEREBY GIVEN that the Charter Review Commission of the City of Kyle, Texas, will host two (2) Saturday citizen workshops to gather public input regarding possible revisions to the city charter.
The workshops are scheduled as follows:
May 16th from 10:00 a.m. to 12:00 p.m., Chapa Middle School Cafeteria, 3311 Dacy Lane.
June 20th from 10:00 a.m. to 12:00 p.m., Kyle City Hall Council Chambers, 100 W. Center Street.
During each workshop, the Charter Review Commission will conduct a citizen comment session on the city’s charter.
The Commission is also scheduled for regular meetings the following Tuesdays at 7:00 p.m. at the Kyle City Hall, Upstairs Conference Room:
May 12th and 26th
June 9th and 23rd
July 14th and 28th
The Commission may amend the location or schedule of regular meetings due to holidays and/or unforeseen circumstances. Visit http://www.cityofkyle.com/council/charter-review-commission-0 for the latest updates to the meeting schedule. Citizens may review the current city charter by visiting https://www.municode.com/library/tx/kyle/codes/code_of_ordinances?nodeId...
Community Development Coordinator
City of Kyle, Texas
City of Kyle
The City Council of the City of Kyle will consider adopting the following ordinances on May 5, 2015 at Kyle City Hall, 100 W. Center Street, at 7:00 p.m.:
An Ordinance by the City of Kyle, Texas, ("City") responding to the application of Centerpoint Energy Entex, South Texas Division to increase rates under the Gas Reliability Infrastructure Program; suspending the effective date of this rate application for forty-five days; authorizing the City to participate with other cities in the review of the GRIP request; determining that the meeting at which the ordinance was adopted complied with the Texas Open Meetings Act; making such other findings and provisions related to the subject; and declaring an effective date.
An Ordinance authorizing the issuance of "City of Kyle, Texas General Obligation and Refunding Bonds, Series 2015" in an amount not to exceed $45,000,000; authorizing the refunding of certain outstanding obligations; levying a continuing direct annual ad valorem tax on all taxable property within the City to pay the interest on said bonds and to create a sinking fund for the redemption thereof and the assessment and collection of such taxes; authorizing the delivery of an escrow agreement; authorizing the sale thereof; and enacting provisions incident and related to the issuance of said bonds.
An Ordinance of the City of Kyle, Texas, amending Chapter 29, "Sign Standards and Permits" of the City's Code of Ordinances relative to permitting existing off-premise commercial billboards to be converted to changeable electronic variable message signs ("CEVMS") subject to specific approval of the City Council; Amending various sections of the sign regulations to be consistent with the ability to convert existing commercial billboards into CEVMS; Repealing all conflicting ordinances; requiring a sign face exchange ratio for digital display signs; Providing operational requirements tor digital display signs.
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 21st day of April, 2015, at its regular meeting place in the City Hall, 100 W. Center, 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 2015 in order to refund approximately $6,825,000 of its outstanding City of Kyle, Texas Combination Tax and Revenue Certificates of Obligation, Series 2007 and approximately $6,280,000 of its outstanding City of Kyle, Texas Combination Tax and Revenue Certificates of Obligation, Series 2008. 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.
In addition to the issuance of the refunding bonds, the City also intends to issue $30,480,000 in General Obligation Bonds which is the remainder of its outstanding voted bond authority to fund the construction and improvement of the following City roads: Bunton Creek Road, North Burleson Street, Goforth Road, Lehman Road, and Marketplace Avenue as well as for the payment of cost of issuance for the bonds.
Perwez A. Moheet, CPA
Director of Finance
City of Kyle, Texas
CITY OF KYLE, TEXAS
NOTICE OF INDEPENDENT AUDITORS' REPORT
FOR FISCAL YEAR 2013-14
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, 2014.
The independent auditors' report for the fiscal year ended September 30, 2014 was presented by the auditors to the City Council at their regularly scheduled meeting held on March 3, 2015 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, 2014 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 (Balance Sheet) for the fiscal year ended September 30, 2014 reported assets totaled $184.3 million, liabilities totaled $78.9 million, and net position totaled $105.4 million.
The City's overall net position (assets less liabilities) totaled $105.4 million which is $13.9 million higher than the prior fiscal year.
The ending fund balance for the City's General Fund totaled $9.2 million at September 30, 2014. This includes the fund balance from the Emergency Reserve Fund.
Revenue for the City's General Fund from all sources including transfers-in totaled $16.5 million for fiscal year 2013-14.
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 $13.9 million for fiscal year 2013-14.
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 4, 2015
Issued By: Perwez A. Moheet, CPA
Director of Finance
City of Kyle, Texas