DEPARTMENT: Office of Management and Budget
DEPARTMENT HEAD: Justina Tate
COUNCIL DISTRICTS IMPACTED: City Wide
SUBJECT:
Adopting the Annual Consolidated Operating and Capital Budgets for FY 2018
SUMMARY:
An Ordinance adopting the Annual Consolidated Operating and Capital budgets for the City of San Antonio Fiscal Year 2018 that begins October 1st; approving projects included in the FY 2018 to FY 2022 Five-Year Infrastructure Management Plan; approving the FY 2018 to FY 2023 Six-Year Capital Improvements Program for the City of San Antonio; approving certain contracts; providing for a one-time annuity increase for retirees and their beneficiaries and a revision to the City's contribution rate in connection with the Texas Municipal Retirement System; authorizing personnel complements; appropriating funds; and amending related ordinances.
Following the action taken on this item, the City Council will consider, through separate ordinances, the following: 1) the ratification of the FY 2018 Budget, 2) the City's Maintenance & Operation Property Tax Rate for Fiscal Year 2018, 3) the City's Debt Service Property Tax Rate for Fiscal Year 2018, 4) the new fee and fee adjustment ordinance that address revenue adjustments included in the Fiscal Year 2018 Proposed Budget, and 5) the FY 2017 Closing Ordinance.
BACKGROUND INFORMATION:
The FY 2018 Proposed Budget was presented to the Mayor and City Council on August 10, 2017. The budget is balanced as required by law and reflects the City Council policy direction of budgeting through an equity lens. The City's Fiscal Year begins October 1. The Annual Operating and Capital Budget must be approved by the City Council before September 27 of every year in accordance with the City Charter.
The Proposed FY 2018 Consolidated Annual Budget, comprised of all funds excluding transfers, totals $2.7 billion. The General Fund budget is $1.2 billion; restricted funds, including Aviation, Developme...
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