Agenda

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AI- 47711

Commissioners Court

Meeting Date:	12/09/2019
FY 2020 Budget Amendment for Collin CAD Payment
Submitted By:	Jessica Shaw
Department:	Budget/Finance
Request Type:	CONSENT	Agenda Area:	Budget Adj/Amend

Information

Department Action

Collin Central Appraisal District submitted their 2020 Proposed Budget of $22,759,400 to the County on June 13^th. The projected cost to each entity provided in the document was based on 2018 final tax rates since the 2019 tax rates were not known at the time. Collin CAD held a public hearing on June 27^th and adopted the proposed budget submitted to the County without any changes.

State law requires Collin CAD to be funded by all taxing jurisdictions in Collin County based on a calculation of each jurisdiction’s tax levy as it compares to the amount of taxes levied by all jurisdictions in total. Following the passage of SB 3, the legislature compressed the tax rates for school districts. The school district tax rate compressions and the final adoption of tax rates by all jurisdictions impacted the Collin CAD budget allocations.

After all of the 2019 tax rates were set, Collin County’s allocation moved from the original estimate of $1,771,404 to $1,795,818. I’m am respectfully requested a budget amendment in the amount of $24,414.

Purchasing Department Action

No action by Purchasing.

HR and/or IT Action

Budget Department Action

Funds available in the amount of $24,414 for a Budget Adjustment to increase the FY 2020 budget for Collin Central Appraisal District. Originally budgeted $1,771,404 and amount has increased to $1,795,818 due to the allocation changes resulting from the passage of SB 3 that compressed the tax rates for school districts. General Fund (0001).

Auditor's Office Action

Funds available in the General Fund. Budget amendment will be processed upon approval.

Commissioners Court

$24,414 to increase the FY2020 budget for Collin Central Appraisal District, Budget.

Budget Information

Information about available funds

Budgeted:

Funds Available:

Adjustment:

Amount Available:

24,414

Unbudgeted:

Funds NOT Available:

Amendment:

Account Code(s) for Available Funds
1:	0001-10001-0027-48-30-0000-648106

Fund Transfers

Remarks:

FY 2020 Budget Amendment Totaling $24,414.

Attachments
Court Order
Memo
Original Budget Request
Letter from CAD
CAD Final Allocation
Journal Proof