Budget

Print
Press Enter to show all options, press Tab go to next option

The Budget Department institutes and operates a governmental budgeting system that provides financial information to both external users and internal management. This information is used to monitor the expenditure of public funds and to ensure that the financial transactions of the City are conducted in accordance with statutory and contractual requirements and City policy.  


Budget oversees the preparation of the annual budget and monitors compliance during the year. The following budget documents are the original budgets adopted by Council. They have not been updated since that adoption and do not include any subsequent budget amendments adopted by Council. 


 

Additional information related to tax and revenue collection can be found here.

Fiscal Year 2022 Budget is based on Tax Year 2021 expected revenue.  The City of Carrollton contracts with the Denton County Tax Assessor/Collector  to calculate the city’s tax rates.  For Fiscal Year 2022, the following rates were calculated used by the City of Carrollton to produce it’s preliminary budget.  For a complete explanation of how the rates were calculated, please click here .

2021 No-New-Revenue Rate

$0.562693/$100

2021 Maintenance & Operation No-New-Revenue Tax Rate

$0.416060/$100

2021 Maintenance & Operation Voter-Approval Tax Rate

$0.477762/$100

2021 Debt Service Rate

$0.146354/$100

2021 Voter-Approval Rate

$0.617297/$100

 2021 Proposed Tax Rate

 $0.587500/$100

 

The estimated unencumbered Fund Balances* for FY2021 are in compliance with the city’s adopted financial standards and are as follows:

Type of Property Tax Fund                                                            Fund Balance
General and Administrative Services Funds                      $    4,835,000
Special Revenue Funds                                                                   $    4,999,549
General Debt Service Fund                                                          $    5,096,000
Governmental Capital Projects Funds                                $184,074,000
Enterprise Operating Funds                                                       $  16,522,000
Enterprise Debt Service Funds                                                  $    1,964,000
Enterprise Capital Projects Funds                                          $  25,991,000
Internal Service Funds                                                                   $  14,000,000

 

The City of Carrollton will pay $23,972,966 in debt service during Fiscal Year 2022.  The City’s Debt Obligations are as follows:

2022 Debt Service

Description of Debt

Principal or Contract Amount to be Paid from Property Taxes

Interest to be Paid from Property Taxes

Other Amounts to be Paid

Total Payment

2012 General Obligation

$1,765,000

$122,263

$0

$1,887,263

2013 General Obligation

$435,000

$255,225

$0

$690,225

2014 General Obligation

$925,000

$496,094

$0

$1,421,094

2015 General Obligation

$2,770,000

$954,211

$0

$3,724,211

2016 General Obligation

$2,145,000

$848,050

$0

$3,726,211

2017 General Obligation

$1,120,000

$613,350

$0

$1,735,350

2018 General Obligation

$1,045,000

$686,213

$0

$1,731,213

2019 General Obligation

$2,865,000

$1,728,100

$0

$4,593,100

2020 General Obligation

$955,000

$864,950

$0

$1,819,950

2021 General Obligation

$1,480,000

$1,262,319

$0

$2,742,319

$16,140,000

$7,832,775

$0

$23,972,966

 

2022 General Obligation

 Period Ending  Principal  Coupon  Interest  Debt Service
 9/30/22  $425,000  5.000%  $210,080.83  $635,080.83

 

The anticipated collection rate for Fiscal Year 2022 is 100%, and the amount for debt service to be collected by taxes for Fiscal Year has been decreased by $186,503  because of excess debt collection from July 1st through June 30th of previous year.  Additional information related to the City’s debt can be found here.  

 

Tax Rate & Budget Information

The current Fiscal Year budget is adopted by City Council in September along with the Tax Rate adopted at the same time.  For questions related to the annual budget, the Budget & Management Analysis office can be reached at:

City of Carrollton

1945 E. Jackson Rd.

Carrollton, TX 75006

972-466-3110

ManagementAnalysis@cityofcarrollton.com 

Or you can reach out to your council member, whose information can be found here.

The City of Carrollton resides in three counties:  Dallas, Denton, and Collin.  Each county must maintain a database of Property Tax Related Information. The links for each county’s Tax Transparency Website are found at:

Dallas County:  www.DallasCountyTexasTaxes.gov

Denton County: Denton County (truthintaxation.com)

Collin County:  https://collintaxes.org

 

The City’s Annual Budget can be found here  and the most recent Comprehensive Annual Financial Report is found here.

 

FY2019

FY2020

FY2021 - Amended

FY2022 - Preliminary

Amount Change

% Change

Tax Rate (per $100)

0.594970

0.589970

0.587500

0.587500

-

0.00%

Annual Recurring Budget Amount

84,016,514

91,009,375

94,307,109

98,512,158

4,205,049

4.46%

Property Tax Rate for Maintenance & Operation (per $100)

0.430220

0.438870

0.441146

0.447807

0.006661

1.51%

Property Tax Revenue Budgeted for Maintenance & Operation

60,751,937

67,700,535

70,455,777

74,725,695

4,269,918

6.06%

Property Tax Rate for Debt Service (per $100)

0.164750

0.151100

0.146354

0.139693

(0.006661)

-4.55%

Property Tax Revenue Budgeted for Debt Service

23,264,577

23,308,840

23,851,332

23,786,463

(64,869)

-0.27%

 

 

 

*Accounts for Compensated Absences