Budget

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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 2021 Budget is based on Tax Year 2020 expected revenue. The City of Carrollton contracts with the Denton County Tax Assessor/Collector to calculate the city’s tax rates. For Fiscal Year 2021, 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 .

2020 No-New-Revenue Rate	$0.616375/$100
2020 Maintenance & Operation No-New-Revenue Tax Rate	$0.416060/$100
2020 Maintenance & Operation Voter-Approval Tax Rate	$0.477762/$100
2020 Debt Service Rate	$0.146354/$100
2020 Voter-Approval Rate	$0.624116/$100
Rate used for Carrollton’s Preliminary Budget	$0.607960/$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 $ 3,993,479

Special Revenue Funds $ 1,814,390

General Debt Service Fund $ 4,032,241

Governmental Capital Projects Funds $181,743,304

Enterprise Operating Funds $ 13,059,980

Enterprise Debt Service Funds $ 1,963,584

Enterprise Capital Projects Funds $ 22,314,998

Internal Service Funds $ 15,418,201

The City of Carrollton will pay $22,204,169 in debt service during Fiscal Year 2021. The City’s Debt Obligations are as follows:

2021 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
2011 General Obligation	$740,000	$363,863	$0	$1,103,863
2012 General Obligation	$1,970,000	$201,063	$0	$2,171,063
2013 General Obligation	$425,000	$267,975	$0	$692,975
2014 General Obligation	$900,000	$523,094	$0	$1,423,094
2015 General Obligation	$2,640,000	$1,086,211	$0	$3,726,211
2016 General Obligation	$2,040,000	$950,050	$0	$2,990,050
2017 General Obligation	$1,090,000	$645,325	$0	$1,735,325
2018 General Obligation	$1,000,000	$736,213	$0	$1,736,213
2019 General Obligation	$3,680,000	$1,912,100	$0	$5,592,100
2020 General Obligation	$905,000	$910,200	$0	$1,815,200
2021 General Obligation	$800,000	$0	$0	$800,000

	$16,190,000	$7,596,093	$0	$23,786,093

The anticipated collection rate for Fiscal Year 2021 is 100%, and the amount for debt service to be collected by taxes for Fiscal Year has been decreased by $1,581,925 because of excess debt collection from July 1^st through June 30^th of previous year. Additional information related to the City’s debt can be found here.

Tax Rate & Budget Information

The cuurent 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: https://stage.denton.trueprodigy-taxtransparency.com/taxTransparency/propertySearch

Colling County: https://collintaxes.org

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

	FY 2019	FY 2020	FY 2021 - Preliminary	Amount Change	% Change
Tax Rate (per $100)	$0.594970	$0.589970	$0.607960	$0.017990	3.05%
Annual Recurring Budget Amount	$84,016,514	$91,009,375	$90,835,715	($173,660)	(0.19%)
Property Tax Rate for Maintenance & Operation (per $100)	$0.430220	$0.438870	$0.461606	$0.022736	5.18%
Property Tax Revenue Budgeted for Maintenance & Operation	$60,751,937	$67,700,535	$68,631,688	$931,153	1.38%
Property Tax Rate for Debt Service (per $100)	$0.164750	$0.151100	$0.146354	($0.004746)	(3.14%)
Property Tax Revenue Budgeted for Debt Service	$23,264,577	$23,308,840	$22,204,027	($1,104,813)	(4.74%)

*Accounts for Compensated Absences

Annual Adopted Budget Document:

FY 2020 Adopted Annual Budget for Municipal Services - As of October 30, 2019

Tax Rate & Budget Information

Annual Proposed Budget Document:

Annual Preliminary Budget Document:

Annual Approved Budget Documents: