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City of Falfurrias

City of Falfurrias. General & Enterprise Funds Presentation By: City Administrator & Finance Director July 2, 2014. INTRODUCTION. Gain a better understanding of City’s financial structure Community involvement and education Open government Planning for future growth and sustainability

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City of Falfurrias

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  1. City of Falfurrias General & Enterprise Funds Presentation By: City Administrator & Finance Director July 2, 2014

  2. INTRODUCTION • Gain a better understanding of City’s financial structure • Community involvement and education • Open government • Planning for future growth and sustainability • Strategic use of financial resources

  3. GENERAL FUND REVENUES • Property tax • Sales tax • Sanitation (garbage) • Franchise Fees • Municipal Court • Variety of fines and fees (Amusement, licenses & permits) **** Maintain focus on growing municipal revenues through economic development

  4. Value Statement What do I get for my money for Falfurrias services provided? • Public Safety – Business & Residential Patrol, 911, traffic enforcement, school assistance, drug interdiction & investigations, emergency management • Municipal Court – warrant & citation collection, truancy, • Public Works – Street Maintenance, Mowing, Animal Control, Code Enforcement, Park Maintenance • City Administration – Proper Administration, Fiscally Sound Decision Making, Planning Services, legal services • Development Services – Building Inspections, Zoning, Subdivision Regulations, Economic Development

  5. Purpose of General Fund • Fiscally-conservative Budget (i.e. balanced) • Deliver effective and efficient public services • To provide for the present and future needs of City • Maintain healthy fund balance based on industry standards

  6. FALFURRIAS ENTERPRISE FUNDS • Water • Wastewater (Sewer) • Gas Other examples: Golf Course, Sanitation, Bridges, Toll Road, Convention Center, Internal Service funds (self-funded insurance)

  7. ENTERPRISE FUND • Self-Supporting • “Business-like” model • Supported by user fees/charges for services based on cost of service • Not subsidized by General Fund • Not profit-driven, based on a recovery of costs & accountability for future needs

  8. Operating Requirements • Annual Maintenance & Operation (M&O) • Debt Service (Bonds for improvements) • Reserve Requirements • Operating Reserve • Capital Reserve (repair & replacement or emergency fund) • Future Capital Projects (CIP or depreciation)

  9. INTERFUND ACTIVITY • General & Administrative Fee/ G&A (shared administrative services) • PILOT (payment in lieu of taxes) • Franchise fees (generally 4%-6%) • Industry-based formula/percent (i.e. case law)

  10. KEY POINTS • Enterprise and General Fund revenues are public funds • Economies of scale in delivery of services • Administrative Efficiency • Integration of policy and planning (i.e. utilities & streets) • Cohesive Economic Development • Cohesive decision-making

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