2017
ANNUAL PROGRESS REPORT
McKinney is a city on the rise. You can see it in the diverse neighborhoods, growing business districts, serene natural settings and varied cultural opportunities coming together to form a balanced way of life.
People are taking notice. As one of the fastest growing cities in the country, people and businesses are making the decision to call McKinney home. McKinney is a bustling city that commands its own future without losing touch with its past.
WELCOME
“I see great benefit in looking at things from a new perspective. The City Council and I have made it a priority to make decisions that will positively impact everyone who calls McKinney home and chooses to do business here.”
- Mayor George Fuller
“We must rise to the challenge of guiding rapid growth so the future of our city remains true to our roots while improving on those things that make McKinney great today. ”
- City Manager Paul Grimes
FINANCIAL SNAPSHOT
The annual budget is created with the goal of providing a wide range of high-quality services while responsibly stewarding the city’s financial resources.
Statement of General Fund Revenues
Statement of General Fund Expenditures
EXPENDITURES
FY 16-17
FY 17-18
% CHANGE
REVENUE SOURCE
FY 16-17
FY 17-18
% CHANGE
Police
Fire
General Government
Parks & Library
Public Works
Development Services
Transfers
TOTAL EXPENDITURE
& TRANSFER BUDGET
$31,138,083
$27,643,279
$23,442,793
$12,306,095
$11,634,436
$10,519,137
$10,337,197
$127,021,020
$34,234,748
$28,311,646
$26,385,797
$13,492,318
$12,244,761
$11,480,401
$11,094,802
$137,244,473
9.9%
2.4%
12.6%
9.6%
5.2%
9.1%
7.3%
8.0%
Property Taxes
Sales & Use Taxes
Franchise Fees
Licenses & Permits
Charges & Fines
Transfers
Other Revenues
TOTAL REVENUE
& TRANSFER BUDGET
$70,122,655
$21,885,000
$14,292,000
$8,693,500
$6,982,800
$2,751,968
$2,293,097
$127,021,020
$73,981,604
$25,675,000
$14,867,000
$10,477,600
$6,535,900
$2,831,630
$2,875,739
$137,244,473
5.5%
17.3%
4.0%
20.5%
–6.4%
2.9%
25.4%
8.0%
Balanced Budget
For the Fiscal Year 2017-18 (FY17-18), City Council approved a budget of $406.7 million. The general fund revenues and expenditures were proposed at $137.2 million, and the fund balance remains strong. McKinney received the highest AAA ratings issued from Moody’s and Standard & Poor’s for the city’s general obligation bonds.
Lower Property Tax Rate
The largest share of General Fund revenues comes from property taxes. This year, Council adopted a reduced property tax rate of 0.540199 per $100 of valuation, keeping approximately $6 million in the hands of taxpayers.
WHERE YOUR TAX DOLLARS GO
Many taxpayers are surprised to learn that only 22¢ of every dollar paid in property taxes goes to the City of McKinney to fund vital services like public safety, streets and parks. The following chart shows how property tax dollars are distributed among the four taxing entities:
Collin
College - 3%
$259
McKinney
ISD - 67%
$5,259
City of
McKinney - 22%
$1,754
Collin
County - 8%
$624
BASED ON A PROPERTY TAX BILL OF $7,896
ASSESSED ON AN AVERAGE McKINNEY HOME VALUE OF $324,636
FIVE STAR TRANSPARENCY
Texas Comptroller Glenn Hegar and the City of McKinney Financial Services staff members
Most Transparent City in Texas
McKinney became the first city to receive all five transparency stars from the Texas Comptroller for providing easy online access to important financial data. This designation affirms the city’s commitment to transparency by showing residents clearly how tax dollars are spent.
ECONOMIC GROWTH
McKinney is a community where businesses flourish and employees want to call home. New businesses and existing companies are adding more jobs to the area and changing the economic landscape of the region.
AIRPORT OPERATIONS SOAR
The McKinney National Airport experienced another record-setting year with operations rising 11 percent compared to last year. The McKinney Air Center experienced a two percent increase in fuel sales volume, equating to an increase of more than 16 percent in revenues above 2016.
Construction began on an already fully-leased 10,000-square-foot transient hangar scheduled to open by the end of the year.
MAJOR ACCOMPLISHMENTS
Apex Centre Opens
This spring, the city opened the doors to the Apex Centre, the new aquatics and fitness center in Gabe Nesbitt Community Park. More than 95 percent of funding for the facility was awarded by the McKinney Community Development Corporation, generated from a half-cent quality of life sales tax. Successful partnerships within the city help bring high quality projects to fruition and offer the ability to respond to the needs of our growing community.
ALL-ABILITIES PLAYGROUND
BREAKS GROUND
AIRPORT AND FBO
EARN NATIONAL
RECOGNITION AS #1
FIRST GOLD STAR MEMORIAL
IN TEXAS BREAKS GROUND
POLICE DEPT.
RECEIVES NATIONAL
CALEA ACCREDITATION
FIRE DEPT. RECOGNIZED FOR BEST PRACTICES
BY TEXAS FIRE CHIEFS ASSOCIATION
AIRPORT BREAKS GROUND
ON NEW HANGAR
SANTA’S HELPERS TOY DRIVE
RETURNS TO DOWNTOWN
DASH PROVIDES FREE RIDES
TO DOWNTOWN PATRONS
COLLIN COUNTY TRANSIT
SERVICE LAUNCHES WITH DCTA
McKINNEY CONVENTION & VISITORS BUREAU OPENS THE McKINNEY STORE
FIRE DEPT.
WELCOMES HOME 1924
VINTAGE FIRE ENGINE
CITY AND MCDC
ANNOUNCE PLANS TO EXPAND
DR PEPPER STARCENTER
CITY EMPLOYEES DEPLOY FOR HURRICANE HARVEY
RELIEF
WATER SERVICE LINE
REPLACEMENT
PROJECT BEGINS
ON THE HORIZON
Vibrant Quality of Life
• Leisure and recreational opportunities add to the city’s excellent quality of life. Based on valuable input from residents, the Parks and Recreation Master Plan Update has prioritized ten existing parks for needed improvements and updates.
• Due to unprecedented popularity of the public library system, McKinney is updating plans to expand facilities, resources, programming and staff to keep residents using the library for learning and fun.
Strategic Planning
• Work continued on the ONE McKinney 2040 comprehensive plan, which will guide development for the next 25 years and ensure that the successes of the past are carried into the future.
• The city also embarked on a 10-year water service line replacement project to minimize water loss within the city and conserve one of our most valuable resources.
Opportunities for Fun
• McKinney Convention and Visitors Bureau is the go-to source for information on entertaining guests or being a tourist in your own town. MCVB recently released a new app to help visitors make the most of their trip to McKinney.
• Historic Downtown McKinney continues to serve as the city’s unofficial center of leisure and play with events like Arts in Bloom and Wine Festival, Home for the Holidays and Oktoberfest.
CITIZEN SATISFACTION
A recent citizen survey confirmed with overwhelmingly positive feedback why McKinney is rated consistently one of the fastest-growing cities in the country. These results will serve as one of several tools to evaluate projects, infrastructure needs, staffing and operational needs as the city develops.
QUALITY OF LIFE
PLACE TO RAISE A CHILD
FEELING OF SAFETY
ECONOMIC HEALTH
90%
positive
feedback
80%
positive
feedback
90%
positive
feedback
92%
positive
feedback
Excellent
Source: 2017 McKinney Citizen Survey conducted by National Citizen SurveyTM
Good
Fair
Poor
OUR LEADERSHIP
Leadership in McKinney is solidly focused on maintaining the quality of life McKinney is known for and guiding growth as the city develops. McKinney operates under a council-manager form of government, with the Mayor and City Council adopting or amending ordinances, establishing policies, approving budgets and spending priorities, setting the annual property tax rate and approving contracts and agreements.
George Fuller
Mayor
La’Shadion Shemwell
District 1
Rainey Rogers
Mayor Pro Tem/District 2
Scott Elliott
District 3
Chuck Branch
District 4
Tracy Rath
At Large
Charlie Philips
At Large
Paul Grimes
City Manager
CONTACT US
City of McKinney
222 N. Tennessee St.
McKinney, Texas 75069
Phone: 972-547-7500
© City of McKinney 2017
2018 Annual Report