~Texas Municipal Retirement System~ The FY 2022 Texas Municipal Retirement System (TMRS) contribution rate will be 11.34%. This is a n increase of .07% from FY 2021 (11.27%). TMRS contribution rates pertain to a calendar year rather than a fiscal year . Therefore, the 11.34% contribution rate will not take effect until January 2022. Over all, the funded ratio has decreased slightly, from 95.0% (20 20 ) to 94.7% (2021). O n average, municipalities who participate in TMRS have a funded ratio of 8 9 . 5 %.
~Cooperative Agreements~ Southwest Regional Communications Center
The Southwest Regional Communications Center is a cooperative agreement between the Cities of DeSoto, Duncanville and Cedar Hill. In FY 2022, the participant share for Southwest Regional Communications Center (SWRCC) will be $1, 482 , 159 , an increase of $2 14 , 726 per city. This increase is due to the debt created for the purchase of radios and the additional expenses related to three (3) new Dispatch positions and consultant fees. Regional Jail The Regional Jail Fund is a cooperative agreement between the Cities of DeSoto, Lancaster, Glenn Heights, and Cedar Hill with the addition of City of Duncanville for FY 2021. Last FY, the Cities of DeSoto, Lancaster, and Cedar Hill contributed funding in the amount of $335,000, while the City of Duncanville contributed $270,000 and Glenn Heights contributed $64,500. In FY 2022, the contribution amount for Cities of DeSoto, Lancaster, Glenn Heights, and Cedar Hill will decrease due to the addition of the City of Duncanville. The FY22 contribution amount for each City is as follows : City of Desoto $310,000 City of Lancaster $310,000 City of Cedar Hill $310,000
City of Duncanville $310,000 City of Glenn Heights $ 60,000
Animal Shelter Throughout our partnership with the Cities of Cedar Hill and Duncanville, the Animal Shelter budget has increased over the years. In FY 2021, the participant share was $340,372 including $46,913 in debt service. There will be an increase of approximately $1,42 8 for a total of $341,800 including $44,800 in debt service for FY 2022.
40
Made with FlippingBook Annual report maker