The City of University Park's Finance Department manages the City's financial assets, cash flows, and fiscal operations. The Department includes five specific subdivisions: accounting; equipment services (fleet management); municipal court; purchasing; and utility billing.
The City's equipment services and purchasing operations are located at the Peek Service Center, 4420 Worcola Street, Dallas, TX 75206. Accounting, municipal court, and utility billing are located at University Park City Hall, 3800 University Boulevard, University Park, TX 75205.
In addition to these major functional areas, the Finance Department also administers the budget process, manages cash and investments, staffs advisory committees and the University Park Civic Foundation, and coordinates the capital improvement program.
National professional organizations consistently bestow awards on the City's financial operations. The National Purchasing Institute has recognized the City's purchasing function with the Achievement of Excellence in Purchasing award each year since 2001. The Government Finance Officers Association has recognized the City's financial report with the Certificate of Achievement for Excellence in Financial Reporting each year since 1998, and six times before then.
FY2018 Budget and Notice of 2017 Tax Rate
On Tuesday, September 19, the City Council adopted the fiscal 2018 budget and tax rate.
Expenditures across all budgeted funds for the next fiscal year total $50,893,909, which represents a 1.2% increase from the previous year. However, economic conditions in the local housing market suggest that the years of robust growth in housing values are leveling off. The flattening of the housing market in University Park is evidenced by the relatively small growth (2.19%) in the appraised taxable value as set by the Dallas Central Appraisal District (DCAD). The FY18 budget has a tax rate of 24.8761 cents per $100 of taxable value, which is the same tax rate as the previous fiscal year. Based on this rate, the average single-family homeowner with a homestead exemption will pay $119 more annually in City property taxes – less than $10 more per month.
To review a summary of the proposed FY2018 budget, click here.
To review FY2018 budget details, click here.
To view the proposed FY2018 budget by fund and department, click here.
To view the Tax Rate 2017 Notice, click here.
For details on the fiscal 2017 City Budget CLICK HERE.
Click here to view the City's Comprehensive Annual Financial Report (CAFR)
Click here to view information on the City's Annual Budget
Click here to view information on Capital Improvements
Click here to view information on City Fees
Click here to view information on the City's Purchasing Department
Click here to view information on taxes in University Park
For more information:
Tom Tvardzik, Director of Finance
City of University Park
3800 University Blvd.
University Park, TX 75205