1 Limited District Budget Estimate
2009 and After
Developed by AMFuture
At the AMNA Candidates Forum held on April 24th, MUD Board members acknowledged they are challenged
to come up with a budget due to issues such as transfer of property to the City, potential changes in service
contracts, and determining personnel cuts. In a conversation on April 28th, the General Manager of the MUD
had indicated this process could take a couple more months.
In the absence of a 2008/2009 MUD Budget, AMFuture placed this Budget Estimate
(based on figures we've been able to obtain from the MUD) online on April 18th.
Revenues:
|
2 Property Taxes
|
$ |
476,520 |
3 Interest
|
|
19,250
|
4 Park and pool fees
|
|
134,296
|
Total Revenue
|
$ |
630,066
|
Expenditures:
|
|
|
5 Parks
|
$ |
625,400 |
6 Pools
|
|
485,480
|
7 Deed Restriction Enforcement
|
|
15,264
|
| 8 Trash Service |
|
349,903
|
Total Expenditures
|
$ |
1,476,047
|
| |
Excess (deficiency) of revenues
over expenditures
|
|
($ 845,981) |
| |
|
9 2009 Surplus Fund
Beginning Balance |
$ |
9,827,089 |
| |
10Annual Deficit
|
|
Year-End
Balance |
2009
|
$ |
845,981 |
$ |
8,981,108
|
2010
|
|
896,739
|
|
8,084,369
|
2011
|
|
950,544
|
|
7,133,825
|
2012
|
|
1,007,576
|
|
6,126,249
|
2013
|
|
1,068,031
|
|
5,058,218
|
2014
|
|
1,132,113
|
|
3,926,105
|
2015
|
|
1,200,040
|
|
2,726,065
|
2016
|
|
1,272,042
|
|
1,454,023
|
2017
|
|
1,348,365
|
|
105,658
|
2018
|
|
1,429,267
|
|
- 1,323,609
|
2019
|
|
1,515,023
|
|
- 2,838,632
|
| |
2019 Surplus Fund
Beginning Balance |
|
-0- |
| |
1
The estimates used in this budget were figures compiled from the MUD’s
2007 Audit Report and the March 2008 Parks and Aquatics Department
Level of Services Report provided to the City of Austin.
|
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| 2 Tax
rate at $.10/$100 of $ 627 million property tax base valuation of 2007
with a 24% reduction of revenue calculated for property tax exemptions. |
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| 3 Budget amount reported in 2007 MUD Audit Report. |
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| 4 Revenue amount reported in 2007 MUD Audit Report. It is assumed that the fees (for example, swim tags) would not increase. |
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| 5 2007/08
budget amount reported in MUD’s Level of Service Report ($590,000) plus
6% inflation rate for 2009. Includes security costs. Does not include
capital improvements. |
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| 6 2007/08
budget amount reported in MUD’s Level of Service Report ($458,000) plus
6% inflation rate for 2009. Includes security. Does not include
capital improvements. |
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| 7 2008
monthly contract amount stated by the MUD Board plus 6% inflation rate:
$1200/month x 12 months; Does not include legal fees at estimated
$250/hr for cases sent to court. |
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| 8 Expenditure amount reported in 2007 MUD Audit Report plus 6% inflation rate for 2008 and 2009. |
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| 9 2007
balance amount as reported in the 2007 Audit Report. This 2007 balance
amount was not increased by 6% for 2008 or 2009. It is uncertain
whether any additional tax revenue will be available in 2008 or 2009
for deposit into this fund given that the MUD will no longer receive
water and wastewater revenue after June, 2008. (All water/wastewater
operations and collections transfer to the City of Austin on June 1st.) |
|
| 10 Annual Limited District deficit total plus 6% inflation rate added annually. |
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