City Budget
The fiscal year of the City of Fair Oaks Ranch begins on October 1 of each calendar year and ends on September 30 of the following calendar year. Each year, the City develops a balanced budget with guidance from the Mayor and City Council, City Departments and the Citizens. In accordance with Texas State law and generally accepted accounting standards, the City adopts a balanced budget for each fiscal year.
The budget process includes multiple phases, each of which requires joint effort by government leaders and City staff. The budget is the financial plan and policy statement for the fiscal year of operations that matches all planned revenues and expenditures with the program of services desired by the residents of the City.
To view the FY 2020-21 Adopted Budget, click here.
For a view of the current and prior year budgets, visit the Finance Department page.
Fiscal Year 2020-21 Budget Calendar and Information
Fiscal year 2020-21 will be the first budget year that the Texas Property Tax Reform and Transparency Act of 2019 (S.B. 2) will be in effect. For more information about this act and its impact on the budget and tax rate setting process, visit the Texas Comptroller's website and Truth in Taxation resources.
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Date |
Budget Step |
Links |
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July 25 |
Deadline for Chief Appraisers to deliver certify rolls or certified estimates to taxing units and certification of anticipated collection rate by tax collector. (Tax Code Sec. 26.01 a-1) |
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August 6 |
Calculation of no new revenue and voter approval rates |
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August 10 |
Finance Director posts the calculated no-new-revenue tax rate and voter approval tax rate, along with certain debt information on the home page of the City's website using form prescribed by comptroller (Tax Code Sec 26.04(e)). |
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August 19 |
Final Budget workshop with Council |
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August 20 |
Finance Director submits the No-New Revenue and Voter Approval rates to City Council. (Tax Code Sec 26.04(e)). |
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August 24 |
City Manager files budget with City Secretary (LGC 102.005a). |
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September 4 |
Finance Director/Communications publishes Notice of Tax Public Hearing in the Friday, September 4th edition of Boerne Star and posts on the City’s website (Tax Code Sec. 26.06(c)) |
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September 17 |
Special Council Meeting for the First Reading of Budget and Tax Rate Ordinances is held. Public Hearing for Proposed budget and tax rate. |
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September 24 |
Second Reading and adoption of the Budget and Tax Rate ordinances |