08.01.19 Budget Workshop - Laserfiche WebLink

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SA1V '"!<ZOS City of San Marcos 630 East Hopkinskens San Marcos, TX 78666 Meeting Minutes Q City Council Thursday, August 1, 2019 5:00 PM City Council Chambers 630 E. Hopkins - Budget Workshop I. Call To Order With a quorum present, the workshop meeting of the San Marcos City Council was called to order by Mayor Hughson at 5:03 p.m. Thursday, August 1, 2019 in the City Council Chambers, 630 E. Hopkins, San Marcos, Texas 78666. Council Member Rockeymoore arrived after roll call at 5:10 p.m. Present: 6 - Mayor Pro Tem Lisa Prewitt, Council Member Saul Gonzales, Council Member Melissa Derrick, Mayor Jane Hughson, Council Member Joca Marquez and Council Member Mark Rockeymoore Absent: 1 - Council Member Ed Mihalkanin 1. Receive a Staff presentation and hold discussion regarding the proposed Fiscal Year 2019-2020 Budget, and provide direction to Staff. Bert Lumbreras, City Manager, provided an update regarding this final workshop on the Fiscal Year 2019-2020 Budget. Heather Hurlbert, Finance Director and Melissa Neel, Assistant Finance Director provided the presentation. Ms. Neel reviewed the revision to the General Fund which included that the certified tax rolls resulted in $250K net revenue over prior forecast, and explained that revenue from plant sales and other activities of the Discovery Center in the amount of $40K was moved to General Fund to align with expenditures. Ms. Neel explained that from gross revenue approximately 79% is utilized to fund recurring operations, with 21 % allocated to debt service, economic development incentives & capital outlay. She explained that revised projections indicate $850,000 available capacity in the General Fund to fund core services and other additional expenditures. Ms. Neel explained that they are proposing that with the revised capacity funds 10.6% of the identified department needs be funded within core services and operations. City of San Marcos Page 1