HomeMy WebLinkAboutRES 092215-W - Gtown Village PID BudgetRESOLUTION NO.
WHEREAS, the City is required by State Law to approve the proposed budget and
related assessment for the Georgetown Village Public Improvement District #1 (PID); and
WHEREAS, the assessment supports the service plan for the 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 assessment for the Georgetown Village Public Improvement District #1 to be
2.dopted and levied as required by State Law.
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City Attorney
Resolution No. 09 SAWS—W
Description: FY 2016 Village PID Budget Resolution
Date Approved: September 22, 2015
Page I of 2
THE TY OF
GEORGETOWN:
Dale Ross
Mayor
Georgetown Village Public Improvement District #1
2015/16 Proposed Budget
September 14, 2015 Proposed
Beginning Fund Balance - Projected $582,059
Revenue:
AdValorem Taxes 416,520
Interest 1,500
Total Revenue 418,020
Administrative Fee
11.935
Office Supplies
1,984
Insurance
1,742
Contracts &Leases, Primary
90,934
Contracts &Leases, Secondary
68.346
Specia|Sen6uaa
4.133
Above Ground Improvements
94.241
Signe
5.187
Utilities / Irrigation
51.667
Maintenance, Alleys /Sidewalks
37,812
Maintenance, Irrigation
29.154
Maintenance, Ponds
16.650
Maintenance, Repairs
6,247
Total Expenditures
418^020
Available Working Capital
Resolution No. _Oftaal 5- k&I
Description: FY2Vl6Village PID Budget Deoomdmo
Date Approved: September 22`20/5