02.20.20 Budget Policy Workshop - Laserfiche WebLink

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Thursday, February 20, 2020 I. Call To Order City of San Marcos Meeting Minutes City Council 4:30 PM 630 E. Hopkins - Budget Policy Workshop 630 East Hopkins San Marcos, TX 78666 City Council Chambers With a quorum present, the budget policy workshop meeting of the San Marcos City Council was called to order by Mayor Hughson at 4:35 p.m. Thursday, February 20, 2020 in the City Council Chambers, 630 E. Hopkins, San Marcos, Texas 78666. IL Roll Call Present: 5 - Mayor Jane Hughson, Mayor Pro Tem Ed Mihalkanin, Deputy Mayor Pro Tem Mark Rockeymoore, Council Member Maxfield Baker and Council Member Saul Gonzales Absent: 2 - Council Member Melissa Derrick and Council Member Joca Marquez PRESENTATIONS 1. Receive a Staff presentation and hold discussion regarding the Fiscal Year 2020-2021 Budget Policy for the City of San Marcos, and provide direction to the City Manager. Bert Lumbreras, City Manager provided a brief introduction and explained that with this Budget Policy the City will be taking a very conservative approach and planning for a worst case scenario. Mr. Lumbreras turned the presentation over to Heather Huribert, Director of Finance and Melissa Neal, Assistant Director of Finance. Ms. Hurlbert reviewed the FY 2019 Year End Summary including the: -General Fund — Revenues were lower than expected by $108,000. Expenses came in lower than budgeted by $2,100,000 -Electric Utility Fund — Revenues were lower than expected by $4,000.000. Expenses came in lower than budgeted by$4,930,000 -Water/Wastewater Utility Fund — Revenue was lower than expected by $2,310,000. Expenses came in higher than budgeted by $3,624,000 -Drainage Utility Fund — Expenses came in lower than budgeted by $420,000 -Airport Fund — Revenues were lower than expected by $52,00. Expenses came in lower than budgeted by $27,400 City of San Marcos Page 1