Aug 15, 2023 Community Services Corp. (Type B)

[1. CALL TO ORDER]

[00:00:03]

ALL RIGHT. WELL, IT'S 3:03.

AND HAVING DETERMINED THAT WE HAVE NOW, A QUORUM OF THE TYPE B COMMUNITY SERVICES CORPORATION, I WILL CALL THE MEETING TO ORDER.

FIRST ITEM ON OUR AGENDA IS CITIZEN APPEARANCES.

I'M GOING TO BE QUICK HERE. DO WE HAVE ANYBODY THAT WANTS TO TALK TO THE BOARD FOR ANY ITEM NOT ON THE AGENDA.

I SEE NO SUCH REQUEST, SO I'LL MOVE ON TO ITEM THREE A, WHICH IS TO CONSIDER APPROVAL OF THE MINUTES FROM THE FEBRUARY 6TH, 2023, COMMUNITY SERVICES CORPORATION TYPE

[3.A. Consider approval of the minutes from the February 6, 2023 Community Services Corporation (Type B) Board meeting. (Staff Contact: Amanda Campos, City Secretary) ]

IF THE MEMBERS HAVE HAD A CHANCE TO REVIEW THOSE, I'LL TAKE A MOTION.

I MOVED HERE. THE ONE ON THE RIGHT.

I'LL SECOND THAT ONE FIRST IT.

SECOND IT. I'LL TAKE THAT AS A MOTION TO APPROVE.

SECOND. I'LL SECOND.

I HAVE A SECOND MOTION BY [INAUDIBLE].

SORRY. OKAY, I'LL JUST CALL YOU ALEXA FROM NOW ON.

THAT'S GOOD. I CAN SAY ALEXA.

SO CAN ANY OTHER GOOGLE CLIENT.

SO. ALL RIGHT.

SO A MOTION BY ALEXA, SECOND BY PHIL TO APPROVE ALL THOSE IN FAVOR.

MOTION PASSES BY, UNANIMOUS VOTE.

NEXT UP ON OUR AGENDA IS ITEM NUMBER 3.B TO CONSIDER APPROVAL OF A RESOLUTION ADOPTING THE BURLESON COMMUNITY SERVICE DEVELOPMENT CORPORATION'S FISCAL YEAR

[3.B. Consider approval of a resolution adopting the Burleson Community Service Development Corporation FY2023-2024 annual budget. (Staff Presenter: Martin Avila, Finance Director) ]

THE TOPIC TODAY IS TALKING ABOUT THE PROPOSED BUDGET FOR 2023-2024.

AGAIN, AS WE TALK ABOUT THE BUDGETS FOR FOR THIS PARTICULAR FUND, YOU HAVE YOUR REVENUES, YOU HAVE YOUR EXPENDITURES.

SO FOR 4B, THE THE PROPOSED BUDGET REVENUES FOR 2024 IS ABOUT $7.7 MILLION.

BIG PART OF THAT, THE MAJORITY OF THAT IS SALES TAX OF WHICH WILL BE ABOUT 7.6 AND THE OTHER TYPES OF REVENUES AS IT RELATES TO INTEREST REVENUES, EARNINGS AND SOME RENTALS AS WELL.

AND SO, THAT KIND OF PRETTY MUCH TAKES WHAT THE PROPOSED BUDGET FOR REVENUES IS GOING TO BE FOR THE 2024 PROPOSED BUDGET EXPENDITURES.

WE HAVE ABOUT $8.1 MILLION.

SO, WE ARE WE ARE GOING TO SPEND MORE THAN WHAT WE'RE PROJECTING TO COME IN.

A BIG PART OF THAT IS, ONE, YOU DO HAVE SOME THERE IS SOME STRONG FUND BALANCE IN THE 4B, THERE ARE SOME COMMITMENTS THERE THAT WE NEED TO MAKE SURE THAT WE ACCOUNT FOR.

WE DO HAVE A DEBT SERVICE PAYMENT OF APPROXIMATELY $2.2 MILLION.

IT DOES INCLUDE OUR PROPOSED BOND SALE THAT WILL BE INTRODUCING NEXT WEEK.

IT'S ABOUT A 8.9.

IT'S ABOUT $9 MILLION.

AND WHEN WE GET TO THE TO THE CIP FOR FOR B, WE'LL TALK ABOUT THAT, TOO.

THERE WAS SOME DISCUSSIONS DURING THE COUNCIL MEETING THIS MORNING IN REGARDS TO THE 4B CAPITAL IMPROVEMENT PLAN.

AGAIN, THE THING WITH THE THE THOUGHT WITH FOUR B IS THAT IT DEALS WITH OPERATIONAL COSTS, IT DEALS WITH SUBSIDIES OF THE THE PARKS PERFORMANCE FUND OPERATIONS. IT ALSO DEALS WITH THE SUBSIDY FOR THE GOLF OPERATIONS AS WELL.

AND THEN IT ALSO HAS SOME ADMINISTRATIVE COSTS FOR PARKS.

AND SO AGAIN, THE GOLF TRANSFERS, WE ARE EXPECTING ABOUT $1.2 MILLION FOR THE UPCOMING PROPOSED BUDGET.

WE'LL ALSO HAVE ABOUT $3.4 MILLION FROM THE PARKS PERFORMANCE FUND PERSONNEL COSTS, WHICH IS THE PARKS ADMINISTRATION, 358,000. WE DO HAVE SOME INCENTIVES, AND I THINK THIS IS A BIG PART OF WHY WE ARE SHOWING THAT WE'RE GOING TO GO INTO RESERVES IS BECAUSE WE STILL HAVE SOME INCENTIVES THAT ARE COMING KIND OF STRAGGLING OVER TIME.

AND THERE'S ABOUT $500,000 AS IT RELATES TO INCENTIVES WITH HAIM'S RESERVES AND ALLEYCATS.

AND SO, AGAIN, ONCE THOSE GET TAKEN CARE OF, I THINK THAT BUDGET WOULD KIND OF GET ALIGNED GOING FORWARD AS WELL.

AND THEN THERE'S OTHER OPERATING COSTS AS IT RELATES TO THIS FUND SUPPLIES, ADMINISTRATIVE COSTS, SPECIAL EVENTS FOR ANOTHER $312,000.

SO KIND OF ANOTHER VIEW FOR THAT.

IT KIND OF, THROUGH YOUR SUMMARY, IT KIND OF SHOWS WHAT THE FUND BALANCE WOULD BE AT THE END OF THE PROPOSED YEAR, WE ARE SHOWING $7.7 MILLION IN REVENUES.

WE'RE SHOWING 8.1 APPROXIMATELY MILLION IN EXPENDITURES RIGHT NOW.

THE CHANGE IN FUND BALANCE WOULD BE A REDUCTION OF THE FUND BALANCE OF ABOUT 356,000, WHICH WILL LEAVE ABOUT $4.2 MILLION IN FUND BALANCE. AND SO WHAT DOES THAT MEAN OVER A PERIOD OF TIME? AND AGAIN, WHAT IT DOES IS THAT AT THE END OF 2024, WE'LL HAVE A 52% FUND BALANCE.

AGAIN, SALES TAX IS A VERY CONSERVATIVE COMPONENT TO THIS TO THIS PROJECTION.

THE IDEA IS THAT AT THE END OF THE FIFTH YEAR, YOU STAY ABOVE 20%.

[00:05:01]

BUT AGAIN, THESE PROJECTIONS WILL ALWAYS CHANGE EACH YEAR.

THIS KIND OF GIVES YOU JUST A PERSPECTIVE OF WHERE WE'RE AT OVER TIME.

AND AGAIN, LOOKING AT WHERE THE SALES TAX WILL BE NEXT YEAR, LOOKING AT WHAT THE EXPENDITURES WILL BE NEXT YEAR, LOOKING AT WHAT THE CIP PLAN WILL BE NEXT YEAR, ALL OF THOSE FACTORS WILL WILL TAKE INTO ACCOUNT EACH YEAR AS WE GO FORWARD.

NOW, AGAIN, THIS IS THE CIP PLAN THAT WAS PRESENTED TO COUNCIL.

IT WAS ALSO PRESENTED THIS MORNING.

AND I THINK ONE OF THE THINGS THAT IN THAT DISCUSSION THIS MORNING WAS TRYING TO MOVE SOME OF THOSE PROJECTS, SHIFT SOME OF THOSE PROJECTS IN REGARDS TO MORE OF THE MAINTENANCE, MORE OF THE IMPROVEMENTS FOR THE BRICK, THE ROOF, THE THE HVAC, ALL OF THOSE THINGS MORE SO UP FRONT TO TAKE CARE OF THAT.

AND THEY MOVE SOME OF THOSE PROJECTS, THE OTHER PROJECTS ACROSS.

SO ONE OF THE THINGS THAT WE ARE PROPOSING IS, AGAIN, WE ARE GOING TO HAVE A APPROXIMATELY ABOUT A $9 MILLION BOND SALE COMING UP NEXT WEEK.

AND THE IDEA IS THAT TO CONTINUE WITH THAT BOND SALE BUT JUST SHIFT THE PROJECTS THAT NEED TO BE SHIFTED DOLLAR FOR DOLLAR AS BEST WE CAN AND BE ABLE TO MOVE FORWARD WITH WHAT NEEDS TO BE DONE WITHIN THAT CIP PLAN.

SO THAT IS THAT IS THE RECOMMENDATION.

THAT'S WHAT WE'RE GOING TO BE BRINGING BACK FOR COUNCIL NEXT WEEK AS IT RELATES TO A BOND SALE.

AND AGAIN, IT DOES TALK ABOUT, YOU KNOW, YOU HAVE ALL THE DIFFERENT PROJECTS.

THIS IS THIS WILL BE CHANGING AS TIME GOES ON.

BUT AGAIN, IT'S THE IDEA OF MOVING MORE OF THE IMPROVEMENTS, MORE OF THE MAINTENANCE IMPROVEMENTS FORWARD VERSUS STARTING SOME NEWER PROJECTS. I THINK BOARD WHAT I WOULD WHAT I WOULD ADD TO THAT IS, IS THAT JEN AND I ARE GOING TO SPEAK OFFLINE OVER THE NEXT WEEK OR SO. MY INTENTION WOULD BE TO MAKE SHIFTS ASSOCIATED WITH 2024 BOND ISSUANCE, LESS OF WHAT'S PROPOSED FOR 2023.

WE ARE OPERATING UNDER REIMBURSEMENT RESOLUTIONS FOR THOSE MANY MEANING THAT WE'VE ALREADY COMMITTED FUNDS FOR THAT.

SO I THINK THE SHIFTS WOULD REALLY BE MORE IN LINE WITH 2024 BUDGET.

BUT I JUST WANTED TO PROVIDE CLARIFICATION.

AND SO FOR TODAY THE OPTIONS IS TO RECOMMEND APPROVAL OF THE 4B 2024 PROPOSED BUDGET.

NOT RECOMMEND APPROVAL OF THE 2024 PROPOSED BUDGET AND STAFF RECOMMENDS APPROVAL.

ANY QUESTIONS? COMMENTS. PROCEDURALLY SPEAKING, IF WE APPROVE THIS BUDGET AS IT IS, THE COUNCIL STILL HAS THE ABILITY TO AMEND THE BUDGET AND SHIFT THE EXPENDITURES YEAR TO YEAR AS AS IT WAS PRESENTED THIS MORNING.

SO EVEN THOUGH THIS BUDGET IS A LITTLE DIFFERENT FROM THE OUTCOME OF THIS MORNING'S DISCUSSIONS, I THINK LEGALLY WE'RE COVERED BY VOTING TO PASS THIS BUDGET.

AND BUT IF ANYBODY'S PAYING ATTENTION TO THE MEETING AND WHAT WE'RE TALKING ABOUT DOING, IT'S ACKNOWLEDGED THAT EVEN THOUGH WE APPROVE IT TODAY, IF WE DO, IT IS LIKELY TO CHANGE.

CORRECT. SO I DID SPEAK WITH THE DEPUTY CITY ATTORNEY, MATT RIBITZKI, AFTER COUNCIL AND PRIOR TO THIS TO CONFIRM JUST THAT.

MR. PRESIDENT, I THINK I WOULD ADD TO OUR INTENTION IS TO IDEALLY STAY WITHIN THE PROPOSED DEBT ISSUANCE FOR 24 AND TO KEEP THAT IS BASICALLY OUR MAX. SO WHEN YOU'RE TALKING ABOUT THE TOTAL DOLLAR AMOUNT, WE'RE AIMING TO BE WITHIN OR BELOW THAT.

THE PROJECTS THAT WE FUND MAY ULTIMATELY CHANGE, PARTICULARLY LOOKING AT SHANNON CREEK, LOOKING AT OUR GOLF OR SOFTBALL FIELD RELOCATIONS. THOSE TWO PROJECTS, POTENTIALLY GATEWAY SIGNAGE, THOSE MAY MOVE OUT WITH HVAC OR DESERT AIR SYSTEM, SOME OF THE ROOF REPLACEMENT OF THE BRICK, SOME OF THOSE FUNCTIONS MOVING UP.

BUT THE INTENTION IS TO KEEP THAT DEBT SERVICE FOR 24 AS CLOSE TO THAT AS POSSIBLE.

UNDERSTOOD. ALL RIGHT.

ARE THERE QUESTIONS ABOUT THE ITEM? I SEE NONE. SO I'LL TAKE A MOTION.

I MAKE A MOTION TO APPROVE.

SECOND, THE MOTION BY FLETCHER TO APPROVE.

SECOND BY ANDERSON.

ALL THOSE IN FAVOR? AND THAT MOTION PASSES BY.

UNANIMOUS VOTE. THANK YOU.

ALL RIGHT. HAVE WE A NEED FOR EXECUTIVE SESSION THIS AFTERNOON? NO, WE DO NOT.

SO I WILL DECLARE THE MEETING ADJOURNED AT 313.

THANK YOU. THANK YOU.

* This transcript was compiled from uncorrected Closed Captioning.