Following a two-month hiatus after not meeting in July, Bee Cave City Council began budget discussions for fiscal year 2019-20 during an Aug. 15 special meeting.
Initial figures from city staff show proposed revenue estimates for the coming year at $9.619 million, down about 3% from last year. At the same time, staff proposed $9.851 million in expenditures, down about 2% from last year.
Other highlights from the budget discussions include $6.3 million to be assigned to the city’s 9-month reserve and $1.5 million to be assigned to the city’s sales tax reserve.
City documents show the city took in about $468,000 in hotel tax revenue for the 2018-19 fiscal year, and is budgeting for a revenue total of about $600,000 for the coming year.
Facilities spending was one of the bigger budget items discussed. One option involved moving city staff from the first floor to the second floor of City Hall, a shift that would come with, among other costs, a remodel of certain portions of the building.
City Manager Clint Garza said estimates for the remodeling come in at about $500,000.
Mayor Pro Tem Bill Goodwin said he would like some time to think about the logistics of shifting city staff for a remodel of parts of City Hall. Mayor Monty Parker agreed with that sentiment, saying segments of that plan come with a large price tag.
The next budget discussion for Bee Cave will take place Aug. 27.