City Council

Belton City Council Meeting August 25, 2020 – 5:30 P.M. The Belton City Council met in an in-person/virtual meeting via Zoom meeting due to the COVID-19 Public Health Emergency that has been declared by Governor Greg Abbott, Bell County Judge David Blackburn and Belton Mayor Marion Grayson. Members present included Mayor Marion Grayson, Mayor Pro Tem Wayne Carpenter (Zoom) and Councilmembers David K. Leigh, John R. Holmes, Sr., Craig Pearson, Guy O’Banion and Dan Kirkley. Staff present included Sam Listi, John Messer, Amy Casey, Gene Ellis, Matt Bates, Cheryl Maxwell, Jon Fontenot, Paul Romer, Chris Brown, Mike Rodgers, Bob van Til, Kim Kroll, Judy Garrett and Israel Garza. The Pledge of Allegiance to the U.S. Flag was led by Councilmember Craig Pearson, and the Pledge of Allegiance to the Texas Flag was led by Director of Planning Cheryl Maxwell. The Invocation was given by Councilmember David K. Leigh. 1. Call to order. Mayor Grayson called the meeting to order at 5:33 p.m. 2. Public Comments. (Audio 1:49) There were none. Consent Agenda (Audio 1:55) Items 3-5 under this section are considered to be routine by the City Council and may be enacted by one motion. If discussion is desired by the Council, any item may be removed from the Consent Agenda prior to voting, at the request of any Councilmember, and it will be considered separately. 3. Consider minutes of August 11, 2020, City Council Meeting. 4. Consider appointments to the following Boards and Commissions: A. Housing Board of Adjustments and Appeals – Priscilla Linnemann B. Historic Preservation Commission – Ann West C. Library Board of Directors – Sandra Velo D. Youth Advisory Commission – Madison Jones (Chair), Derrance Daniels, Audrey Haffner, Kariane Hosch, Anthony Jones, Allison McBride, Emily Ogden, Ethan Rodriguez and Emma Romer. 5. Consider authorizing the City Manager to execute an agreement with the Central Texas Council of Governments (CTCOG) to continue funding for the volunteer coordinator position for the Belton Police Department’s RUOK? senior adult outreach program. Upon a motion for approval by Councilmember Leigh, and a second by Councilmember Holmes the Consent Agenda was unanimously approved upon a vote of 7-0. Belton City Council Meeting August 25, 2020 - Page 2 Planning and Zoning 6. Consider the following: A. a final plat of Connell Subdivision, comprising 6.226 acres, located along an extension of Huey Drive, on the west side of Connell Street, north of Liberty Valley Drive, beginning on the north side of the Mitchell Branch crossing; and (Audio 4:11) Councilmember Holmes made a motion for approval of the final plat of Connell Subdivision, including: • Approval of variance to the key lot requirement to allow Lot 17, Block 1, to observe a 15' setback along Huey Drive instead of 25', which is observed by the adjacent lot to the east, Lot 18; and • Approval of variance to sidewalk requirement to allow applicant to provide sidewalk only on the north side of Huey Drive instead of both sides. The motion was seconded by Councilmember O'Banion, and was unanimously approved upon a vote of 7-0. B. a resolution authorizing the City Manager to execute a Development Agreement associated with Connell Subdivision. Upon a motion by Councilmember Pearson and a second by Councilmember Holmes, the Development Agreement associated with Connell Subdivision, including the following captioned resolution , was approved upon a unanimous vote of 7-0. RESOLUTION NO. 2020-26-R A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BELTON, TEXAS, AUTHORIZING THE CITY MANAGER TO EXECUTE A DEVELOPMENT AGREEMENT BETWEEN THE CITY OF BELTON AND LWG ASSOCIATES, LLC, FOR UPSIZING INFRASTRUCTURE ASSOCIATED WITH THE CONNELL SUBDIVISION LOCATED ALONG AN EXTENSION OF HUEY DRIVE, ON THE WEST SIDE OF CONNELL STREET, NORTH OF LIBERTY VALLEY DRIVE; PROVIDING FOR DEVELOPER AND CITY OBLIGATIONS; AND PROVIDING AN OPEN MEETINGS CLAUSE. 7. Consider a final plat of The Ridge at Belle Meadows Phase Ill, comprising 7 .080 acres, located on the south side of W. Avenue 0, between S. Loop 121 and Connell Street, south of the Laila Lane extension. (Audio 16:03) Councilmember Holmes made a motion for approval of the final plat of The Ridge at Belle Meadows, Phase Ill , including: Belton City Council Meeting August 25, 2020 - Page 3 • Approval of reduction in the front yard setback from 25' to 20' for Lots 7-23, Block 6. The motion was seconded by Councilmember Leigh , and was unanimously approved upon a vote of 7-0. 8. Consider a final plat of The Ridge at Belle Meadows Phase IV, comprising 5.910 acres, located on the south side of W. Avenue 0, between S. Loop 121 and Connell Street, along an extension of Southwest Parkway. (Audio 19:42) Councilmember Pearson made a motion for approval of the final plat of The Ridge at Belle Meadows, Phase IV, including: • All items addressed in the City's August 25 , 2020, letter of conditions to the applicant. The motion was seconded by Councilmember Kirkley, and was unanimously approved upon a vote of 7-0. FY2021 Budget 9. Conduct a work session on FY2021 budget for the following funds: (Audio 21 :32) A. General Fund B. Debt Service Fund C. Water and Sewer Fund Director of Finance Mike Rodgers presented changes to the proposed FY2021 budget (see Exhibit "A"). There being no further business, the Mayor adjourned the meeting at 6:37 p.m. ATTEST: ~y~ A &:t~~  EXHIBIT "A" CLEAN-UP BUDGET *GENERAL FUND Fiscal Year 2021 *DEBT SERVICE FUND August 25, 2020 *WATER AND SEWER FUND SEVEN CHANGES HAVE BEEN MADE TO THE PROPOSED BUDGET THAT WAS PRESENTED ON JULY 28, 2020 Refuse collection revenue and expenditure reconciliation  General Fund expenditures have been increased by $27,982 to match the anticipated revenue. Debt Service Fund interest earnings  Interest income in the Debt Service Fund has been reduced by $3,016 from $4,501 to $1,485. Water and Sewer Fund transfer for fleet maintenance  General Fund revenue has been raised by $67,075 and Water and Sewer Fund expenditures have been decreased by $1,657 to equal 33% of the Fleet Division budget. Contributions to the Senior Center  The City’s contribution for the operation of the Senior Center has been increased from $10,000 to $15,000. 1  8/26/2020 SEVEN CHANGES HAVE BEEN MADE TO THE PROPOSED BUDGET THAT WAS PRESENTED ON JULY 28, 2020 Credit card processing fees  City Council discussed reinstating the fee as of October 1, 2020 at a rate of 2%. Revenue and expenditures within the General Fund and Water and Sewer Fund have been modified by $7,200 and $22,200, respectively. Sales tax revenue  Sales taxes for March, April, May, and June have each outperformed the original assumption. General Fund revenue has been increased by $491,838 to $3,810,000. Property tax revenue  On August 4, 2020, City Council proposed a tax rate for FY 2021 of $0.6400 per $100 of taxable value. Property tax revenue has been decreased in the General Fund and the Debt Service Fund by $187,424 and $27,542, respectively. Fiscal Year 2021 GENERAL FUND Clean-up Budget 2  8/26/2020 July 28 version Ad Valorem Tax $6,618,072 Sales Tax $3,318,162 REVENUES Miscellaneous Transfers $ 96,667 $ 535,128 FY 2018 FY 2019 FY 2020 FY 2020 FY 2021 Change from 2020 Budget Description Actual Actual Budget Projected Proposed Amount % Ad Valorem Taxes $5,212,687 $5,568,953 $6,082,428 $6,116,712 $6,430,648 $348,220 5.73% Sales Tax $3,510,105 $3,573,712 $3,763,120 $3,810,000 $3,810,000 $46,880 1.25% Franchise $1,248,967 $1,252,492 $1,259,440 $1,230,055 $1,223,586 ($35,854) -2.85% Other Taxes $46,951 $55,115 $50,000 $55,622 $52,563 $2,563 5.13% Permits & Licenses $249,597 $265,243 $270,190 $225,045 $246,628 ($23,562) -8.72% Municipal Court $280,794 $358,343 $330,750 $268,514 $302,550 ($28,200) -8.53% Refuse Collection $1,411,822 $1,567,214 $1,642,560 $1,715,562 $1,801,341 $158,781 9.67% Ambulance $1,193,986 $541,807 $45,000 $173,270 $45,000 $0 0.00% Harris Rental Income $51,041 $75,398 $70,000 $40,131 $55,457 ($14,543) -20.78% Parks & Rec Income $39,064 $36,060 $36,780 $20,700 $29,521 ($7,259) -19.74% Code Enforcement $17,251 $24,100 $4,200 $18,500 $19,950 $15,750 375.00% Intergovernmental $365,804 $361,613 $365,610 $328,470 $315,251 ($50,359) -13.77% Other Financing Sources $255,333 $215,358 $175,000 $213,802 $206,586 $31,586 18.05% Contributions $0 $2,000 $2,000 $1,300 $1,100 ($900) -45.00% Miscellaneous $59,064 $64,442 $36,760 $232,930 $103,867 $67,107 182.55% Transfers $542,661 $596,039 $652,481 $652,481 $602,203 ($50,278) -7.71% Interest Income $95,676 $149,955 $151,000 $123,900 $49,830 ($101,170) -67.00% Total Revenues $14,580,804 $14,707,844 $14,937,319 $15,226,994 $15,296,081 $358,762 2.40% Proposed property tax rate of $0.6400/$100 of taxable value July 28 version Muni Court $ 248,674 Planning $ 548,859 EXPENDITURES BY DEPARTMENT Other Refuse $ 195,651 $1,524,765 FY 2018 FY 2019 FY 2020 FY 2020 FY 2021 Change from 2020 Budget Description Actual Actual Budget Projected Proposed Amount % City Council $93,556 $106,380 $78,216 $67,144 $82,250 $4,034 5.16% Administration $476,842 $503,570 $531,692 $513,783 $603,221 $71,529 13.45% Finance $330,138 $344,204 $352,965 $323,217 $399,944 $46,979 13.31% Human Resources $186,431 $192,067 $196,061 $187,595 $230,665 $34,604 17.65% Muni Court $180,406 $192,701 $199,634 $197,795 $237,874 $38,240 19.16% Police $4,102,078 $4,204,614 $4,514,479 $4,427,695 $4,839,823 $325,344 7.21% Fire $3,128,487 $3,164,019 $2,750,411 $2,612,210 $2,729,255 ($21,156) -0.77% Info Technology $175,591 $233,145 $239,520 $238,206 $0 ($239,520) -100.00% Streets $1,419,175 $1,157,484 $1,312,094 $1,253,867 $989,126 ($322,968) -24.61% Parks & Recreation $1,156,824 $1,211,452 $1,326,713 $1,230,749 $1,459,587 $132,874 10.02% Planning $390,572 $399,268 $455,873 $429,397 $544,959 $89,086 19.54% Library $344,992 $359,343 $357,799 $336,752 $495,836 $138,037 38.58% Other $674,115 $604,338 $427,321 $348,321 $200,651 ($226,670) -53.04% Refuse $1,226,188 $1,377,370 $1,449,916 $1,437,942 $1,552,747 $102,831 7.09% Maintenance $531,179 $559,451 $593,656 $558,342 $497,198 ($96,458) -16.25% Engineering $145,762 $139,396 $150,955 $126,725 $173,633 $22,678 15.02% Total Expenditures $14,562,336 $14,748,802 $14,937,305 $14,289,740 $15,036,769 $99,464 0.67% 3  8/26/2020 July 28 version Services $4,052,484 Contributions $ 95,651 EXPENDITURES BY CATEGORY FY 2018 FY 2019 FY 2020 FY 2020 FY 2021 Change from 2020 Budget Description Actual Actual Budget Projected Proposed Amount % Personnel $8,778,663 $8,933,425 $9,541,069 $9,018,582 $9,279,802 ($261,267) -2.74% Supplies $562,324 $464,000 $480,120 $389,403 $478,969 ($1,151) -0.24% Repairs & Maint $474,864 $431,207 $531,052 $650,766 $338,917 ($192,135) -36.18% Services $2,544,817 $2,627,618 $2,883,765 $2,808,690 $4,065,766 $1,182,001 40.99% Contingency $0 $0 $100,000 $50,000 $100,000 $0 0.00% Transfers $2,067,426 $2,157,765 $1,280,381 $1,280,381 $658,169 ($622,212) -48.60% Contributions $121,181 $119,174 $120,918 $91,918 $100,651 ($20,267) -16.76% Capital $13,061 $15,613 $0 $0 $14,495 $14,495 0.00% Total Expenditures $14,562,336 $14,748,802 $14,937,305 $14,289,740 $15,036,769 $99,464 0.67% FY 2021 PROPOSED BUDGET – CLEANUP VERSION - General Fund - Estimated Beginning Fund Balance $ 6,015,158 July 28 version Proposed Revenues $ 15,296,081 Revenues $14,917,392 Proposed Expenditures $ (15,036,769) Expenditures ($15,018,487) Net Impact ($ 101,095) Net Impact of Proposed Budget $ 259,312 Proposed Ending Fund Balance $ 6,274,470 Less: Minimum Balance (3 months O&M Budget) $ (3,759,192) Proposed Fund Balance in Excess of Minimum $ 2,515,278 4  8/26/2020 Fiscal Year 2021 WATER AND SEWER FUND Clean-up Budget July 28 version Miscellaneous $ 64,720 REVENUES FY 2018 FY 2019 FY 2020 FY 2020 FY 2021 Change from 2020 Budget Description Actual Actual Budget Projected Proposed Amount % Water $ 4,907,703 $ 4,725,361 $ 4,926,686 $ 4,966,941 $ 5,068,687 $ 142,001 2.9% Sewer $ 3,087,121 $ 3,155,709 $ 3,226,869 $ 3,254,285 $ 3,319,370 $ 92,501 2.9% Other Fees $ 459,933 $ 508,940 $ 436,515 $ 401,447 $ 482,998 $ 46,483 10.6% Misc Income $ 59,404 $ 82,873 $ 41,701 $ 60,000 $ 86,920 $ 45,219 108.4% Sale of City Property $ 85,085 $ - $ - $ 13,201 $ - $ - 0.0% Interest Income $ 93,180 $ 158,403 $ 180,358 $ 95,100 $ 45,758 $ (134,600) -74.6% Total Revenues $ 8,692,426 $ 8,631,286 $ 8,812,129 $ 8,790,974 $ 9,003,733 $ 191,604 2.2% No rate changes are proposed for FY 2021 5  8/26/2020 July 28 version Utility Admin - Fin $ 595,808 Water $3,451,064 EXPENDITURES BY DEPARTMENT Sewer - Collection $ 884,555 FY 2018 FY 2019 FY 2020 FY 2020 FY 2021 Change from 2020 Budget Description Actual Actual Budget Projected Proposed Amount % Utility Admin - Operations $ 648,306 $ 660,917 $ 740,358 $ 757,420 $ 813,340 $ 72,982 9.9% Utility Admin - Finance $ 489,810 $ 497,190 $ 509,694 $ 487,019 $ 558,008 $ 48,314 9.5% Water $ 3,002,648 $ 3,142,004 $ 3,023,327 $ 3,029,906 $ 3,450,235 $ 426,908 14.1% Sewer - Collection $ 1,020,540 $ 1,360,493 $ 868,036 $ 2,140,175 $ 883,727 $ 15,691 1.8% Sewer - Lift Stations $ 668,969 $ 726,087 $ 1,053,394 $ 977,196 $ 981,852 $ (71,542) -6.8% Other $ 2,091,519 $ 2,118,373 $ 2,616,711 $ 1,595,671 $ 2,252,548 $ (364,163) -13.9% Total Expenditures $ 7,921,791 $ 8,505,064 $ 8,811,520 $ 8,987,387 $ 8,939,710 $ 128,190 1.5% July 28 version Services $ 511,314 Transfers $1,671,392 EXPENDITURES BY CATEGORY FY 2018 FY 2019 FY 2020 FY 2020 FY 2021 Change from 2020 Budget Description Actual Actual Budget Projected Proposed Amount % Personnel $ 1,532,121 $ 1,630,140 $ 1,823,855 $ 1,777,724 $ 1,882,602 $ 58,747 3.2% Supplies $ 113,731 $ 102,836 $ 121,293 $ 106,919 $ 120,912 $ (381) -0.3% Maintenance $ 182,317 $ 204,597 $ 314,688 $ 272,104 $ 224,930 $ (89,758) -28.5% Services $ 296,144 $ 243,589 $ 329,187 $ 311,757 $ 473,514 $ 144,327 43.8% Debt Service $ 1,537,366 $ 1,545,993 $ 2,110,311 $ 1,544,271 $ 1,802,548 $ (307,763) -14.6% Other Costs $ 1,653,865 $ 1,491,289 $ 2,149,881 $ 1,729,309 $ 2,473,059 $ 323,178 15.0% Capital Outlay $ 126,498 $ 356,642 $ 631,240 $ 614,238 $ 292,410 $ (338,830) -53.7% Transfers $ 2,479,749 $ 2,929,978 $ 1,331,065 $ 2,631,065 $ 1,669,735 $ 338,670 25.4% Total Expenditures $ 7,921,791 $ 8,505,064 $ 8,811,520 $ 8,987,387 $ 8,939,710 $ 128,190 1.5% 6  8/26/2020 FY 2021 PROPOSED BUDGET – CLEANUP VERSION - Water & Sewer Fund - Estimated Beginning Fund Balance $ 5,962,275 July 28 version Proposed Revenues $ 9,003,733 Proposed Expenditures $ (8,939,710) Revenues $8,981,533 Expenditures ($8,979,167) Net Impact of Proposed Budget $ 64,023 Net Impact $ 2,366 Proposed Ending Fund Balance $ 6,026,298 Less: Minimum Balance (3 months O&M) $ (1,850,791) Less: Annual Debt Service $ (1,536,548) Proposed Fund Balance in Excess of Minimum $ 2,638,959 Fiscal Year 2021 DEBT SERVICE FUND Clean-up Budget 7  8/26/2020 July 28 version Ad Valorem Taxes $1,232,711 Interest Income $ 4,501 REVENUES AND EXPENDITURES FY 2018 FY 2019 FY 2020 FY 2020 FY 2021 Change from 2020 Budget Description Actual Actual Budget Projected Proposed Amount % Ad Valorem Taxes $990,960 $934,987 $942,472 $948,349 $1,205,169 $262,697 27.87% Bond Proceeds $1,182 $0 $0 $0 $0 $0 Transfer from General Fund $200,000 $150,500 $0 $0 $0 $0 Interest Income $10,380 $17,454 $13,638 $8,432 $1,485 ($12,153) -89.11% Total Revenues $1,202,522 $1,102,941 $956,110 $956,781 $1,206,654 $250,544 26.20% FY 2018 FY 2019 FY 2020 FY 2020 FY 2021 Change from 2020 Budget Description Actual Actual Budget Projected Proposed Amount % Bond Principal $ 705,538 $ 759,250 $792,963 $792,963 $801,675 $8,712 1.10% Bond Interest $ 356,506 $ 409,378 $382,447 $382,447 $367,908 ($14,539) -3.80% Bond Paying Agent Fees $ 341 $ 625 $1,150 $1,000 $1,000 ($150) -13.04% Arbitrage Rebate Calc Fees $ 4,274 $ 4,509 $6,550 $7,011 $7,250 $700 10.69% Bond Issue Costs $ (659) $ (513) $0 $0 $0 $0 Total Expenditures $1,066,000 $1,173,249 $1,183,110 $1,183,421 $1,177,833 ($5,277) -0.45% FY 2021 PROPOSED BUDGET – CLEANUP VERSION - Debt Service Fund - July 28 version Estimated Beginning Fund Balance $ 9,514 Revenues $1,237,212 Expenditures ($1,177,833) Proposed Revenues $ 1,206,654 Net Impact $ 59,379 Proposed Expenditures $ (1,177,833) Net Impact of Proposed Budget $ 28,821 Proposed Ending Fund Balance $ 38,335 8  8/26/2020 Fiscal Year 2021 CITY OF BELTON, TEXAS Clean-up Budget July 28 version Resources $31,714,789 ALL FUNDS SUMMARY Expenditures ($29,659,652) FY 2018 FY 2019 FY 2020 FY 2020 FY 2021 Change from Resources Actual Actual Budget Projected Proposed 2020 Budget General Fund $ 14,580,804 $ 14,707,844 $ 14,937,319 $ 15,226,994 $ 15,296,081 2.40% Hotel/Motel Fund $ 164,046 $ 194,772 $ 190,436 $ 115,601 $ 203,572 6.90% Debt Service Fund $ 1,202,522 $ 1,102,941 $ 956,110 $ 956,781 $ 1,206,654 26.20% TIRZ Fund $ 1,334,440 $ 1,496,183 $ 1,985,995 $ 1,896,881 $ 2,689,775 35.44% Water & Sewer Fund $ 8,692,426 $ 8,631,286 $ 8,812,129 $ 8,790,974 $ 9,003,733 2.17% BEDC $ 1,829,068 $ 2,226,045 $ 1,949,760 $ 1,741,414 $ 1,702,199 -12.70% Drainage Fund $ 500,505 $ 498,419 $ 539,472 $ 516,027 $ 548,061 1.59% Information Technology Fund $ - $ - $ - $ - $ 890,183 N/A Building Maintenance Fund $ - $ - $ - $ - $ 443,767 N/A Total Resources $ 28,303,811 $ 28,857,490 $ 29,371,221 $ 29,244,672 $ 31,984,025 8.90% FY 2018 FY 2019 FY 2020 FY 2020 FY 2021 Change from Expenditures Actual Actual Budget Projected Proposed 2020 Budget General Fund $ 14,562,336 $ 14,748,802 $ 14,937,305 $ 14,289,740 $ 15,036,769 0.67% Hotel/Motel Fund $ 82,481 $ 89,141 $ 310,436 $ 173,089 $ 203,572 -34.42% Debt Service Fund $ 1,066,000 $ 1,173,249 $ 1,183,110 $ 1,183,421 $ 1,177,833 -0.45% TIRZ Fund $ 1,306,022 $ 1,396,798 $ 1,961,046 $ 1,931,046 $ 1,943,891 -0.87% Water & Sewer Fund $ 7,921,791 $ 8,505,064 $ 8,811,520 $ 8,987,387 $ 8,939,710 1.45% BEDC $ 2,328,017 $ 2,099,256 $ 1,014,489 $ 855,595 $ 474,143 -53.26% Drainage Fund $ 512,840 $ 471,955 $ 570,812 $ 530,282 $ 531,260 -6.93% Information Technology Fund $ - $ - $ - $ - $ 890,183 N/A Building Maintenance Fund $ - $ - $ - $ - $ 441,116 N/A Total Expenditures $ 27,779,487 $ 28,484,265 $ 28,788,718 $ 27,950,560 $ 29,638,477 2.95% 9  8/26/2020 ALL FUNDS SUMMARY General Debt Water & Information Building Hotel/Motel TIRZ BEDC Drainage Total Fund Service Sewer Technology Maintenance Estimated beginning fund balance 6,015,158 228,471 9,514 270,677 5,962,275 1,936,426 220,200 105,364 6,641 14,754,726 1 Proposed revenues 15,296,081 151,680 1,206,654 2,689,775 9,003,733 1,702,199 548,061 815,192 443,767 31,857,142 Proposed expenditures (15,036,769) (203,572) (1,177,833) (1,943,891) (8,939,710) (474,143) (531,260) (890,183) (441,116) (29,638,477) Net impact of proposed budget 259,312 (51,892) 28,821 745,884 64,023 1,228,056 16,801 (74,991) 2,651 2,218,665 Proposed ending fund balance 6,274,470 176,579 38,335 1,016,561 6,026,298 3,164,482 237,001 30,373 9,292 16,973,391 Operating minimum balance (3,759,192) - - - (1,850,791) - (126,367) - - (5,736,350) Debt service minimum - - - - (1,536,548) - (25,790) - - (1,562,338) Proposed fund balance over the minimum 2,515,278 176,579 38,335 1,016,561 2,638,959 3,164,482 84,844 30,373 9,292 9,674,703 1 Excludes Use of Prior Year Reserves in the Hotel/Motel Fund and Information Technology Fund Budget for FY 2021 2019 Tax Year 2020 Tax Year Comparison of Tax Rates $0.6598 $0.6300 $0.6325 $0.6350 $0.6375 $0.6400 Current Rate Lower Option 1 Lower Option 2 Lower Option 3 Lower Option 4 Recommended Total Taxable Value $1,259,835,810 $1,416,328,131 $1,416,328,131 $1,416,328,131 $1,416,328,131 $1,416,328,131 TIRZ Value $188,034,652 $242,539,337 $242,539,337 $242,539,337 $242,539,337 $242,539,337 O&M Tax Rate $0.5712 $0.5289 $0.5314 $0.5339 $0.5364 $0.5389 Debt Service Tax Rate $0.0886 $0.1011 $0.1011 $0.1011 $0.1011 $0.1011 Total Tax Rate $0.6598 $0.6300 $0.6325 $0.6350 $0.6375 $0.6400 Change from current rate ($0.0298) ($0.0273) ($0.0248) ($0.0223) ($0.0198) Total Tax Levy $8,312,397 $8,922,867 $8,958,275 $8,993,684 $9,029,092 $9,064,500 Estimated Collections - 98% $8,146,149 $8,744,410 $8,779,110 $8,813,810 $8,848,510 $8,883,210 General Fund Current Ad Valorem $7,196,182 $7,490,959 $7,526,368 $7,561,776 $7,597,184 $7,632,592 Payment to TIRZ ($1,000,079) ($1,282,791) ($1,288,854) ($1,294,918) ($1,300,981) ($1,307,044) Net General Fund Current AV Taxes $6,196,103 $6,208,169 $6,237,514 $6,266,858 $6,296,203 $6,325,548 Change from current year $12,066 $41,411 $70,755 $100,100 $129,445 Debt Service Current Ad Valorem $1,116,215 $1,431,908 $1,431,908 $1,431,908 $1,431,908 $1,431,908 Payment to TIRZ ($155,124) ($245,207) ($245,207) ($245,207) ($245,207) ($245,207) Net DS Current AV Taxes $961,091 $1,186,700 $1,186,700 $1,186,700 $1,186,700 $1,186,700 Change from current year $225,610 $225,610 $225,610 $225,610 $225,610 Each $1M of Tax Value@98% $6,466 $6,174 $6,199 $6,223 $6,248 $6,272 Penny Tax @ 98% Collection $123,464 $138,800 $138,800 $138,800 $138,800 $138,800 Penny Tax @ 98% - net of TIRZ $105,037 $115,031 $115,031 $115,031 $115,031 $115,031 Value of Average Home in Belton $177,118 $192,909 $192,909 $192,909 $192,909 $192,909 Tax on Average Home $1,169 $1,215 $1,220 $1,225 $1,230 $1,235 Change from current year $47 $52 $56 $61 $66 Tax rate for no added tax on avg home $0.6060 $1,169 10