1. Budget Work Session Fiscal Year 2010-2011 July 27, 2010

2. Budget Work Session Agenda Presentation of 2010-11 Initial Budget Discussion

3. Assumptions Affecting the FY 2010-2011 Budget Property value is estimated at a 1.2% decrease. Sales tax is projected to remain flat. Home starts are projected to be 200 (same as FY 2010). New personnel for Recreation Center and Library to be hired at various starting dates; revenues to partially offset this cost will begin FY 2011. Continuing with the public safety radio system project in partnership with the cities of Murphy, Plano and Allen. For FY 2011, $880,932 will be used from the General Fund – fund balance. Municipal Complex operating costs.

4. Assessed Property Valuations Average Single Family Home Value for 2010-11 is: $ 152,564 *Certified Assessed Values for FY 2011. $ 1566.7 $ 1785.5 $ 2024.7 $ 2184.2$ 2222.6 Values in Millions $ 2195.9*

5. Annual Sales Tax Receipts In Millions $ 4.390 $ 4.540 $ 5.000 $ 5.182 $ 5.196 Includes estimated figures for FY 09-10 and proposed figures for FY 10-11. $ 5.196

6. General Fund Fund Summary FY 2010-11

7. General Fund Projected Revenues FY 2010-11 $24,800,450

8. General Fund Expenditures By Function FY 2010-11 $24,351,717

9. Utility Fund Projected Revenues FY 2010-11 $11,279,000

10. Utility Fund Expenditures by Department FY 2010-11 $11,249,235

11. Utility Fund Fund Summary FY 2010-11

12. 4B Sales Tax Projected Revenues FY 2010-11 $1,321,556

13. 4B Sales Tax Expenditures by Department FY 2010-11 $1,620,016

14. 4B Sales Tax Fund Fund Summary FY 2010-11 An estimated transfer of $510,775 is included in the 4B expenditures to offset costs associated with the new Recreation Center.

15. Recreation Fund Projected Revenues FY 2010-11 $600,000

16. Recreation Fund Expenditures by Category FY 2010-11 $1,160,775

17. Recreation Fund Fund Summary FY 2010-11 An estimated transfer of $510,775 is included in the Recreation revenue to offset costs associated with the new Recreation Center.

18. Emergency Communications Projected Revenues FY 2010-11 $1,579,214

19. Emergency Communications Expenditures by Category FY 2010-11 $1,923,374

20. Emergency Communications Fund Summary FY 2010-11 A transfer of $880,932 from General Fund-Fund Balance will be made for FY 2011 for the final installment of the Radio Communications Tower.

21. FY 2010-11 Recommended Key Budget Points Employee Salary & Benefits Assumptions Step Increase of 0% Cost of Living Allowance Increase of 0% Pay reduction of 1.9% (equivalent of 5 days pay) for non-public safety full time employees with an additional 5 days of paid elective leave. Public safety employees would incur a 1% salary decrease for FY 2011. Health insurance must be re-bid summer 2010. Costs are projected to increase 25%.

22. 7 Year Ad Valorem Tax Rate History A $0.01 rate increase would provide approximately $200,000 in additional revenue * 2010-2011 Preliminary Tax Rate

23. General Fund Fleet Replacement FY 2010 -2011 Police vehicles to be replaced during FY 2011 will consist of the following: Parks vehicles to be replaced during FY 2011 will consist of the following:

24. Utility Fund Fleet Replacement FY 2010 -2011 Engineering vehicles to be replaced during FY 2011 will consist of the following: Sewer vehicles to be replaced during FY 2011 will consist of the following:

25. Opportunities for Citizen Review & Input Proposed Budget Filed with City Secretary08/05/2010 Adoption of Resolution Setting Dates of Public Hearings 08/10/2010 1 st of Two Public Hearings on the 2010-11 Tax Rate *08/24/2010 Hold a Public Hearing for the FY 2010-11 Budget08/24/2010 2 nd of Two Public Hearings on the 2010-11 Tax Rate*09/07/2010 Schedule & Announce Meeting to Adopt Tax Rate 2010-1109/07/2010 Adopt 2010-11 Annual Operating Budget and Tax Rate 09/14/2010 Information regarding the proposed budget also will be available at Smith Public Library and online at http://www.wylietexas.gov/departments/finance/Budget.phphttp://www.wylietexas.gov/departments/finance/Budget.php *if necessary

26. Questions? City Manager Mindy Manson 972-442-8120 mindy.manson@wylietexas.gov Finance Director Linda Bantz 972-442-8141 linda.bantz@wylietexas.gov