City Budget

Overview

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)

Certified rolls

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August 6

Calculation of no new revenue and voter approval rates

Tax calculation

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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)).

 
2020 Tax Rate Notice

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August 19

Final Budget workshop with Council

 Workshop Documents

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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)).
City Council confirms proposed tax rate if the proposed rate exceeds the voter approval rate or the No-New Revenue Rate (whichever is lower), Council takes a record vote. (Tax Code Sec 26.06 (b-2).
City Council schedules one public hearing on the budget (LGC 102.006a-b) and one public hearing on the tax rate (Tax Code Sec. 26.05(d); (Tax Code Sec 26.06).

 See Council Meeting Agenda Packet

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August 24

City Manager files budget with City Secretary (LGC 102.005a).
City Secretary ensures the proposed budget is available on the website and available for inspection at City Hall (LGC 102.005c)

 Proposed Budget Document

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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))
Finance Director/Communications posts the Tax Notice (Tax Code Sec 26.04(e)), Notice of Tax Hearing (Tax Code Sec. 26.065), and Notice of Budget Hearing (LGC 102.006c) on the City's Website.

 Notice of Tax Hearing

Notice of Budget Hearing

 

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.

 

 

September 24
(Special Meeting)

Second Reading and adoption of the Budget and Tax Rate ordinances

 Adopted Budget



Council Decision FAQ’s