The City adopts a budget each year. The budget serves as the City's annual operating plan and assigns spending amounts for the City's various functions for the period October 1 - September 30.
The budget preparation process begins in the spring and continues through the summer. During this time, the City Manager and department heads compile their plans for the next year and estimate specific costs. The City Manager then submits a proposed budget to the City Council.
Public hearings and opportunities for citizen input are required pieces of the budget process. The City Council usually receives a budget briefing from staff in August. The Council holds hearings regarding the proposed tax rate and budget in August and/or September. The budget is approved in September by the Council and takes effect October 1.
Throughout the fiscal year, the City sometimes amends the original adopted budget. This may be done to authorize unforeseen expenditures or revenues, or to approve expenditures initiated last fiscal year but not yet paid. Only the City Council may amend the total budget.
Residents interested in learning more about the budget should click on the below link to read the City Manager’s budget narrative. The narrative includes an overview of the budget and a summary of key budget amounts.
2015 Notice of Proposed Tax Rate for the City of University Park
Learn more about the adopted Fiscal Year 2016 Budget.
Click on the links below to see prior year budget documents:
Fiscal Year 2015
Fiscal Year 2014
Fiscal Year 2013
Fiscal Year 2012
Fiscal Year 2011
Fiscal Year 2010
Fiscal Year 2009
For more information:
Tom Tvardzik, Director of Finance
City of University Park
3800 University Blvd.
University Park, TX 75205