HomeMy WebLinkAbout(0003) M&C 20-0055City of Fort Worth,
Mayor and
DATE: 02/04/20
Texas
Council Communication
LOG NAME: 03DCAD PAY 2020
SUBJECT
M&C FILE NUMBER: M&C 20-0055
Authorize Payment of the City of Fort Worth's Assessed Pro-Rata Allocation of the Denton Central Appraisal District's Budget for January through
December 2020 in an Amount Up to $112,732.24 (COUNCIL DISTRICT 7)
RECOMMENDATION:
It is recommended that the City Council authorize a payment of the City of Fort Worth's pro-rata allocation of the Denton Central Appraisal District's
2020 budget for the months of January through December 2020 in an amount up to $112,732.24.
DISCUSSION:
All local jurisdictions are required by Section 6.06(d) of the Texas Property Tax Code to fund the local county appraisal district. The City of Fort
Worth's pro-rata share for Denton Central Appraisal District's (DCAD) 2020 calendar year budget is 0.79 percent based upon the City's portion of
property value within the District. The total annual 2020 budget for DCAD is $14,219,668.58, bringing the City's portion of expenses to
$112,732.24.
In 2019, the City's pro-rata share was $101,452.68.
The increase for 2020 is attributable primarily to the addition of five positions plus a three percent increase in payroll costs. The changes ensure
that the District continues to offer the same level of service to entities and taxpayers. The total number of accounts in Denton County increased
by 8,000 or 1.72 percent.
DCAD Costs Comparison 2019 to 2020
DCAD Total Budget I CFW Allocation % of Total
2019 13,041,943.16 101,452.68 0.78%
2020 14,219,668.58 112,732.24 0.79%
Increase (decrease) 1,177,725.42 11,279.56 0.9670/6
Increase from PY
9.03%
11.12%
DCAD operates on a January through December fiscal year. The City will make quarterly payments in the amount of $28,183.06. This Mayor and
Council Communication covers the calendar months of January 1, 2020 through December 31, 2020, with nine months falling in the City's current
Fiscal Year 2020 and the remaining three months in the City's Fiscal Year 2021.
A Form 1295 is not required because: This contract will be with a governmental entity, state agency or public institution of higher education: Denton
Central Appraisal District
FISCAL INFORMATION / CERTIFICATION:
The Director of Finance certifies that upon approval of the above recommendation, funds are available in the current operating budget, as
appropriated, in the General Fund, and that upon the adoption of the Fiscal Year 2021 Budget by the City Council, funds will be available in the
Fiscal Year 2021 operating budget, as appropriated, in the General Fund. Prior to an expenditure being incurred, the Performance & Budget
Department has the responsibility to validate the availability of funds.
Submitted for City Manager's Office W. Fernando Costa 8180
Originating Business Unit Head: Lynda Johnson 6222
Additional Information Contact: Terry Hanson 7934