Page 14 - CityofEulessFY26AdoptedBudgetOrdinance2432

The Car Rental Fund includes a transfer to CIP in the amount of $ 4, 000, 000 and
the Euless Development Corporation ( EDC) Fund includes a transfer to CIP in the
amount of $ 2, 600,000 for future projects identified by citizens in the updated Parks
Master Plan.
Depreciation funding for the majority of the City' s vehicles, equipment, furnishing
and fixtures, and facility needs is included in the baseline budgets.
A detail of the recommended capital and supplemental programs is included in this
Proposed Budget, as well as in Tab 2, along with a schedule of vehicle, equipment,
and assets that are due for replacement.

GENERAL FUND

General Fund revenues are proposed at $ 60, 819, 340 which represents an increase of
6. 9% from the previous year's budget. The increase is primarily due to an estimated
increased property tax revenue, increased sales tax collections, increased car rental tax
collections, and interest income expectations.

Property valuation as of July 25th, including minimum value of property under protest and
incomplete properties, provided to the City by Tarrant Appraisal District totaled
7, 399, 113, 176 for FY2025- 26. This represents an increase of $ 89, 754, 484 or 1. 2% from
the FY2024- 25 tax roll of $ 7, 309, 358, 692. However, it is important to note that the total
net taxable value for FY2025- 26 is $ 6, 259, 970, 531. This represents an increase of
7, 356, 975 or 0. 1 % from the FY2024-2025 total net taxable value. The tax rate proposed
for FY2025- 26 is 47. 6466¢ per $ 100 of assessed valuation, which includes 38. 943¢ for
maintenance and operations and 8. 7036¢ for debt service.

FY2024-25 sales tax collections are projected to end the current fiscal year up over 6%
from budget due to better than expected collections. This is attributed to continued
commercial development, consumer confidence, and inflationary increases. Projections
for FY2025-26 sales taxes assume relatively flat projection from those FY2024- 25 year-
end projections.

Other revenue sources vary in their projections. While building permits have been strong,
this revenue source will be vastly reduced as the City reaches buildout. Therefore, we
continue to reduce our dependence on this revenue. Municipal court fines and fees have
increased recently and therefore our projection for next year has increased slightly.
Franchise fees are projected to increase slightly due to the inflationary impact on rates
charged. Interest income is expected to increase from current year budget but be lower
than current year estimate as the Federal Reserve is expected to continue to cut rates.

General Fund operating expenses, excluding capital programs, are proposed at
60,677,075 which represents an increase of approximately 6. 7%. This increase is
primarily due to the proposed pay plan adjustments, contractual agreements, the addition
of two new employees for the expanded animal shelter, a drone as a first responder
program, an annual increase for street improvements, and network and system expansion.

201 N. Ector Drive, Euless, Texas 76039- 3595
817/ 685- 1400 • Metro 817/ 267- 4403 • Fax 817/ 685- 1416
www. eulesstx. gov

Ordinance No. 2432, Page 14 of 474
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