CC MEETING: November 18, 2025
DATE: November 10, 2025
TO: Erin Rinehart, City Manager
FROM: Melissa Evertt, Finance Director
Diana Vaughn, Chief Financial Officer
Chrystal Davis, Assistant City Manager
Title
Consider An Ordinance Amending The Operating And Capital Budgets For Fiscal Year October 1, 2025 Through September 30, 2026.
Body
BACKGROUND:
The City of Carrollton approved its annual Operating and Capital Budgets on September 9, 2025. The budget consists of $325,958,067 operating funds and $133,380,437 capital funds; each adopted independently of each other and requiring Council approval to make changes to the planned expenditures.
To maintain the City's commitment to providing high-quality recreational services and efficient facility operations, a professional management company will be engaged to oversee the day-to-day management, programming, marketing, and maintenance of the Oak Creek Tennis Center, pro-shop, and all associated satellite facilities (collectively referred to as the "Facility").
Under the Qualified Management Agreement, the City will grant the management company the rights to operate and promote the Facility as an independent contractor. The management company will be responsible for staffing, customer service, programming, financial reporting, and ensuring the continued upkeep and enhancement of the Facility in alignment with City standards. In accordance with the City's established fee structure, all revenues generated from Facility operations will be collected and retained by the City. The City will compensate the management company with a payment of nine and one-half percent (9.5%) of the monthly gross revenues as its management fee.
Additionally, an adjustment to the Utility Operating Fund and Capital Fund are being requested to provide for additional use of resources in capital projects. Funding is provided by the excess fund balance in the Utility Operating Fund.
As a result of these changes, an adjustme...
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