| | | | | | | | City of Georgetown, Texas
City Council Regular Meeting
September 8, 2020 |
| | | | | | | | SUBJECT:
First Reading of an Ordinance adopting the City of Georgetown Annual Budget for the fiscal year beginning October 1, 2020, and ending September 30, 2021 -- Leigh Wallace, Finance Director |
| | | | | | | | ITEM SUMMARY:
This Ordinance adopts the Annual Budget for fiscal year 2021, including operating and capital expenditures. The proposed budget was presented to City Council on August 11, 2020 following Council workshop on July 21. Public Hearings on the 2020 Tax Rate and the 2021 Annual Budget were held on September 8, 2020.
State law requires that the budget be adopted as a record vote, separate from the adoption of the City’s tax rate. |
| | | | | | | | FINANCIAL IMPACT:
This ordinance contains the “All-Funds Schedules” that details the 2021 Annual Budget total appropriation of $395,959,570. |
| | | | | | | | SUBMITTED BY:
Danella Elliott |
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