2.
DISCUSSION REGARDING THE CITY OF LEAGUE CITY PROPOSED FY2023
BUDGET AND FY2023 2027 CAPITAL IMPROVEMENT PLAN
Angie Steelman, Executive Director of Finance/Project Management gave the
presentation.
Budget & Financial Planning – FY2023 Proposed Budget $784,615
Project Management Directorate – FY2023 Proposed Budget $1,829,065
City Council – FY2023 Proposed Budget $138,270
City Manager – FY2023 Proposed Budget $578,124
City Secretary - FY2023 Proposed Budget $539,830
City Attorney – FY2023 Proposed Budget $709,270
City Auditor – FY2023 Proposed Budget $130,720
General Fund Non-Departmental – FY2023 proposed expenditures $5,589,689
General Fund Transfers – FY2023 proposed transfers $8,860,100
General Fund Debt Service – FY2023 proposed expenditures $17,119,478
FY 2023 proposed revenues $17,120,000
Utility Fund Non-Departmental – FY2023 proposed expenditures $1,440,670
Utility Fund Transfers – FY2023 proposed transfers $23,235,959
Utility Fund Payment to General Fund (slide)
Utility Debt Service Fund – FY2023 proposed expenditures $13,321,717
FY2023 proposed revenues $13,277,950
The FY2022 year-end estimated expenses are $289,518 over budget due to new GCWA
debt. During FY2022, GCWA issued debt for the City’s portion of the City of Houston cash
call on the 54-inch waterline replacement along SH3 project. A budget amendment for the
$289,518 principal and interest will be included on the 2nd quarter budget amendment. In
FY2023, continued funding from the wastewater CRF fund in the amount of $390,950 will
be utilized towards debt service. These funds are available and qualify for a portion of the
repayment of the 2009 Water and Sewer Revenue Bond that funded the Southwest Water
Reclamation Facility. Included in the FY2023 proposed budget is principal and interest
from Thomas Mackey Water Treatment Plant.