City of Parker

1

City of Parker Financial Status
Town Hall Meeting November 6, 2004
Presented by Ramon Suarez, Mayor Pro Tem
2
Overview

• City staff and council have managed expenditures
  to coincide with revenue
• Since 1997 the tax rate has fluctuated from .384
  to .271
• The 2004 2005 tax rate will be .282
• Citys commitment to provide services for the
  needs of its citizens continues
• Staff and council are planning and working for
  continued fiscal responsibility

3
2003 2004 in Review for the Municipal Budget

Accomplishments

• Although revenue down, the city did not run into
  a deficit
• Street maintenance / repairs throughout the city
• Engaged external legal council for TXU
  negotiations

4
2003 2004 in Review for the Water Dept Budget

Accomplishments

• Maintained ample water supply
• Maintained the water pressure throughout the
  city
• Working various ad-hoc projects within the city

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Financial Position
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2004 2005 Budgets

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2004 2005 Budgets cont.

• Some of the items that make up the budget
• Equipment replacement and training room
  maintenance for the Fire Department
• Additional police officer that will enable more
  daytime police patrolling
• Funding to assist the conservancy with its
  operations
• Code enforcement officer
• Strategic and preventive street maintenance and
  repair
• New brush truck for the Volunteer Fire Department

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How Do We Compare?
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The City Administrator and her staff will
continue to manage the budgets, and you have my
commitment as the Financial Planning Officer for
the City of Parker that we will continue to
manage the Citys expenses without compromising
services.
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Thank You, Parker Citizens!