HomeMy WebLinkAboutRES 082311-K - Budget & Tax Village PIDRESOLUTION NO. Dga311-
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GEORGETOWN,
TEXAS, APPROVING THE 2011/12 BUDGET AND RELATED PROPERTY
TAX ASSESSMENT FOR THE GEORGETOWN VILLAGE PUBLIC
IMPROVEMENT DISTRICT #1;
WHEREAS, the City is required by State Law to approve the proposed budget and
related property tax assessment for the Georgetown Village Public Improvement District #1
(PID); and
WHEREAS, the proper notice of the property tax assessment was published in the
Williamson County Sun; and
WHEREAS, the assessment supports the service plan for the PID as previously
established.
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 #1
to be adopted and levied as required by State Law
RESOLVED this 23rd day of August, 2011.
ATTEST:
Je ca Brettle
Cite Secretary
ROVED AS TO: ARM:
Bridget Cha•man
Acting City Attorney
Village PID Resolution No. Of 33Ik
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Page 1 of 2
THE CITY OF GEORGETOWN:
By: George Garver
Mayor
Georgetown Village PID #1 Board 2011 Budget
August 9, 2011 Proposed
Estimated Revenue
(calculation from WCAD AV
report)
Expenditures
Administrative (4%
of estimated 2011
revenue)
Contracts (70% of
estimated 2011
revenue)
Miscellaneous (7%
of estimated 2011
revenue)
Utilities (21% of
estimated 2011
revenue)
Total Estimated Annual Costs
Beginning Fund Balance - Info. Provided by City of Georgetown
Budget Deficit or Surplus
Village PID Resolution No. 0 C 3 1 Y.
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Page 2 of 2
2012 Budget
$216,909.00
8,676.36
151, 836.30
15,183.63
45,550.89
221, 247.18
142, 306.00
$ 137, 967.82