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HomeMy WebLinkAboutRES 091112-I - Village PID Budget RESESO UflO NO. CA/1 la -I A RESOLUTION OF THE CITY C UNCIL OF THE CITY OF GEORGETOWN, EXAS, APPROVING THE 2012/13 UDGET AND RELATED PROPERTY `AX ASSESSME IT FOR THE GEORGETOWN VILLAGE PUBIC IMPROVEMENT DISTRICT # 1 WHEREAS, the City is required by State Law to approve the proposed oudget and related property tax assessment for the Georgetown Village Public Irrtorovement District #1 (PID); and WHEREAS, the proper notice of the property tax assessment was published in the n County Sun; and WHEREAS, the assessment supports the service plan for established. he PID as previously NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF GEORGETOWN TEXAS, THAT: SECTION 1. The City Council of the City of Georgetown hereby approves the proposed budget and property tax assessment for the Georgetown Village Public Improvement District #ry to be adopted and levied as required by State Law. RESOLVED this 11th day of September 2012. ATTEST: Je- si a Brettle City secretary A'.`ROVED AS. • I uridget Chap an 0 Acting City Attorney FORM: Resolution No. 0'7i 1 12 - y Description: 2012/13 Village PID Budget Resolution Date Approved: September 11, 2012 Page 1 of 2 THE CI :Y OF GEORGETOWN: By: ©rge Garver Mayor Georgetown Village Mtn Icard 2013 Budget August 07, 2012 Proposed Estimated Revenue (calculation from WCAD AV report) Expenditures Administrative (3% of estimated 2012 revenue) Contracts (70% of estimated 2012 revenue) Miscellaneous (6% of estimated 2012 revenue) Utilities (21% of estimated 2012 revenue) $ 22543e 6,754.01 157, 593m 60 13,508,02 47, 278, 08 otal Estima ted Annual Costs 225,1330 71 Beginning Fund Balance nfo, P vided by City of Georgetown 177,867 11 I Budget Deficit or surplus $ 17Z867.00 Resolution 1\o. 0/1 f r 2—i Description: 2012/13 Village PID Budget Resolution Date Approved: September 11, 2012 Page 2 of 2