M&C Review


COUNCIL ACTION:  Approved on 12/11/2018 

DATE: 12/11/2018 REFERENCE NO.: G-19439 LOG NAME: 03TAD PAY 2019
CODE: G TYPE: NON-CONSENT PUBLIC HEARING: NO
SUBJECT:   Authorize Payment of the City of Fort Worth's Assessed Pro-Rata Allocation of the Tarrant Appraisal District's Budget for January through December 2019 in an Amount Up to $2,640,741.11 (ALL COUNCIL DISTRICTS)

RECOMMENDATION:

It is recommended that the City Council authorize a payment of the City of Fort Worth's pro-rata allocation of the Tarrant Appraisal District's 2019 budget for the months of January through December 2019 in an amount up to $2,640,741.11.

 
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 Tarrant Appraisal District's (TAD) 2019 calendar budget is 10.6 percent based upon the City's portion of property value within the District.  The total annual 2019 budget for TAD is $24,912,805.00, bringing the City's portion of expenses to $2,640,741.11.

In 2018, The City's pro-rata share was $2,534,138.00.

The increase for 2019 is attributable primarily to 3% increase in payroll costs and appraisal review board compensation. The size of the review board membership has increased to keep pace with the increasing number of protests TAD is required to review every year.  


TAD Costs Comparison 2018 to 2019                  

TAD Total BudgetCFW Allocation% of Total
2018                 23,687,614.002,534,138.0010.7%
201924,912,805.002,640,741.0010.6%
Increase (decrease)1,225,191.00106,603.008.7%
% Increase from PY5.17%4.21%


TAD operates on a January through December fiscal year.  The City will make quarterly payments in the amount of $660,185.28.  This Mayor and Council Communication covers the calendar months of January 1, 2019 through December 31, 2019 with nine months falling in the City's current Fiscal Year 2019 and the remaining three months in the City's Fiscal Year 2020.

This contract will be with a governmental entity, state agency or public institution of higher education: Tarrant Appraisal District.

 
FISCAL INFORMATION/CERTIFICATION:

The Director of Finance certifies that upon approval of this recommendation, funds are available within existing appropriations in the current operating budget of the General Fund and anticipates, upon adoption of the Fiscal Year 2020 Budget by the City Council, to include the recommended payments mandated by state statutes, the funds will be available in the Fiscal Year 2020 budget, as appropriated, of the General Fund.

TO
    Fund Department
ID
Account Project
ID
Program Activity Budget
Year
Reference #
(Chartfield 2)
Amount

FROM
    Fund Department
ID
Account Project
ID
Program Activity Budget
Year
Reference #
(Chartfield 2)
Amount

Submitted for City Manager's Office by:
Fernando Costa (8180)
Originating Department Head:
Lynda Johnson (6222)
Additional Information Contact:
Terry Hanson (7934)
Loraine Coleman (8542)

 
 
ATTACHMENTS