City Council Combined AGENDA


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  12.       
Meeting Date: 09/19/2019  
Prepared By: Robert Powers, Finance Director

AGENDA SUBJECT:
Approval of a Resolution approving the budget of the Brushy Creek Regional Utility Authority for Fiscal Year 2020.
BACKGROUND:
On August 28, 2019, the BCRUA Board of Directors approved the BCRUA Proposed Budget for Fiscal Year 2020.  Councilmember Shaw voted "no" due to not having sufficient time to review the proposed budget ahead of the meeting.  Section 4.01 of Bylaws of the BCRUA requires the three (3) participating cities to approve the budget. However, if a City does not take final action prior to October 1, then the budget is deemed approved. The Proposed Fiscal Year 2020 BCRUA Annual Operating Budget of Two Million Five Hundred Thirty-One Thousand Four Hundred Eighty-Four ($2,531,484.00) Dollars is an increase of One Hundred Thirty Thousand Thirteen ($130,013) Dollars or 5.4% over the prior year.  The increases are primarily due to increased accounting costs from the City of Cedar Park, as well as General Manager and plant personnel increases from the prior year budget. The combined Fiscal Year 2020 Debt Service for the three (3) Cities is Twelve Million Five Hundred Eighty Thousand Eight Hundred Seventy-Seven ($12,580,877.00) Dollars and is a 5.1% increase from the prior year.  Leander's share of the Operating Budget is 58.7%.  Leander is projected to take 58.33% of the total six (6) mgd average daily water production.
 
Leander Share 2019 2020 % chg.
Operations 1,183,385 1,409,807 19.1%
Debt Service 6,058,521 6,099,971 0.7%
Fund Reserve 5,255 56,606 1077.2%
Total 7,247,161 7,566,383 4.4%

The Operating Agreement among the participating Cities requires the budget to maintain a 25% fund balance for operations. In addition, at the end of each fiscal year, budgeted contributions are compared to actual costs and a "true-up" is performed.  Each City is then refunded any savings from budget, or required to make an additional contribution if actual costs were greater than budget.
RECOMMENDATION:
Approval.
PRESENTER:
Robert G. Powers, Finance Director

Fiscal Impact
Fiscal Year: 2020
Amount Requested: $7,566,383
Budgeted Y/N: Y
Account(s) : 20-02-5760
Account(s) : 20-04-9006
SUMMARY:
Funds are included in the Utility Fund of the City of Leander Proposed FY 2020 Budget.
Attachments
1. Resolution
2. FY 2020 BCRUA Budget


    

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