R2021-012 2021-01-11RESOLUTION NO. R2021-12
A Resolution of the City Council of the City of Pearland, requiring the
submission of additional supporting documentation, beyond state law
requirements, with the City's proposed annual fiscal year budget.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS:
Section 1. That the City's Charter requires the proposed fiscal year budget to
comply with state law.
Section 2. That the City Council, to maintain public trust and accountability in the
budget process, hereby establishes a requirement that the following Supporting Documentation
be submitted in conjunction with the proposed budget:
(a) A budget message, explanatory of the budget, which message shall contain an
outline of the proposed financial policies of the city for the fiscal year, shall set forth the reasons
for salient changes from the previous fiscal year in expenditures and revenue items, and shall
explain any major changes in financial policy.
(b) A consolidated statement of anticipated receipts and proposed expenditures for all
funds.
(c) An analysis of property valuations.
(d) An analysis of tax rates.
(e) Tax levies and tax collections by years for at least the immediate past five (5) years.
(f) General funds resources in detail.
(g) Special funds resources in detail.
(h) Summary of proposed expenditures by function, department and activity.
(i) Detailed estimates of expenditures shown separately for each activity.
(j) A revenue and expense statement for all types of bonds, time warrants and other
indebtedness.
(k) A description of all bond issues, time warrants and other indebtedness outstanding,
showing rate of interest, date of issue, maturity date, amount authorized, amount issued and
amount outstanding.
(1) A schedule of requirements for the principal and interest of each issue of bonds, time
warrants and other indebtedness.
Section 3. That the City Council hereby authorizes and directs staff to incorporate
the Supporting Documentation
Management Policy.
requirement into the City's Comprehensive Financial
PASSED, APPROVED and ADOPTED this the f
A.D., 2021.
day of aqui
Y TAL 'e'AN, TRMC, CMC
CITY SECRETARY
APPROVED AS TO FORM:
DARRIN M. COKER
CITY ATTORNEY
VIN COLE
AYOR
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