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F IND YOUR F UTURE IN F ULSHEAR, T EXAS T OPICS The Facts on Fulshear The Facts on Fulshear FY 2011-2012 in Review FY 2011-2012 in Review Financial Outlook.

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Presentation on theme: "F IND YOUR F UTURE IN F ULSHEAR, T EXAS T OPICS The Facts on Fulshear The Facts on Fulshear FY 2011-2012 in Review FY 2011-2012 in Review Financial Outlook."— Presentation transcript:

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2 F IND YOUR F UTURE IN F ULSHEAR, T EXAS

3 T OPICS The Facts on Fulshear The Facts on Fulshear FY in Review FY in Review Financial Outlook Financial Outlook Outlook 2013 and Beyond Outlook 2013 and Beyond Find your Fortune in Fulshear Find your Fortune in Fulshear Find your Fun in Fulshear Find your Fun in Fulshear

4 T HE F ACTS ON F ULSHEAR

5 F ULSHEAR C ITY L IMITS & ETJ 11+ square miles within City Limits 11+ square miles within City Limits ETJ square miles ETJ square miles Approximately the size of Galveston Approximately the size of Galveston Largest land area for a General Law City in Texas – population less than 5,000 Largest land area for a General Law City in Texas – population less than 5,000 35% of land area is developed or under development 35% of land area is developed or under development Demographers and Developers agree Fulshear will be focus of growth over next ten years Demographers and Developers agree Fulshear will be focus of growth over next ten years

6 F ULSHEAR C ITY L IMITS & ETJ Rosenberg Richmond Katy

7 Since 2000, population has grown by a little more than 400% Much of Fulshear’s growth has been keyed by four outstanding Master Planned Communities

8 F ULSHEAR C ITY L IMITS & ETJ C URRENT M ASTER P LANNED C OMMUNITIES Cross Creek Ranch Firethorne ChurchillFarms Fulbrook on Fulshear Creek

9 F ULSHEAR C ITY L IMITS & ETJ P OTENTIAL M ASTER P LANNED C OMMUNITIES Tamarron DR Horton Development 1,400 Acres 4,200 Homes Avalon / Jubilee “Active Adult” Community 500 +/- Single Family Homes Bois D’Arc Mixed Use Development 1 Acre Home sites Foster Farms MUD’s 6,000 acres No Developer Yet SPA’s in place

10 D EMOGRAPHICS & G ROWTH C ITY OF F ULSHEAR Total Population +/- 3,825* Female Population 50.40% Male Population 49.60% Population Density per Sq. Mi Median Age 38.6 Owner Occupied Housing Units 86.1% Renter Occupied 11.2% 2010 Median home cost $286,000 *Estimate based on number of residential water connection multiplied by ESRI average resident per house

11 D EMOGRAPHICS & G ROWTH C ITY OF F ULSHEAR Married 72.3% Divorced 4.8% Widowed 5.8% Never Married 14.0% Average Household 2+ Vehicles 72.0% Average Household Income$122,922 Per Capita Income$ 38,191

12 D EMOGRAPHICS & G ROWTH 5 M ILE T RADE A REA R ADIUS 2013 Est. Population59, Proj. Population71, Est. Avg. Household Inc.$139, Est. Median Home Value$260, Median Age Avg. Household Size3.19

13 D EMOGRAPHICS & G ROWTH 10 M ILE T RADE A REA R ADIUS 2013 Est. Population297, Proj. Population336, Est. Avg. Household Inc.$111, Est. Median Home Value$188, Median Age Avg. Household Size3.06

14 D EMOGRAPHICS & G ROWTH Projected Population Growth through FY 2015

15 Y EAR IN R EVIEW

16 Y EAR IN R EVIEW Y EAR IN R EVIEW Fiscal Year was a year of tremendous growth and change in Fulshear. The City added approximately 1,100 residents, conducted multiple projects and infrastructure projects to aid growth in the future.

17 Y EAR IN R EVIEW Y EAR IN R EVIEW FY saw the City focus resources on improving the Water and Sewer Systems in Fulshear. That included Water Plant improvements at a cost of $156,000. Infrastructure Improvements

18 Y EAR IN R EVIEW Y EAR IN R EVIEW Partnering with the Fulshear 4A Development Corporation and the Governor’s Office of Economic Development, the City expended $780,000 to extend Water and Sewer Lines East along FM Infrastructure Improvements (Cont’d)

19 Y EAR IN R EVIEW Y EAR IN R EVIEW Infrastructure Improvements (Cont’d) This project opened approximately 400 acres for Development.

20 Y EAR IN R EVIEW Y EAR IN R EVIEW For the first time in the City’s history the City began providing 24/7 Police coverage. Public Safety Improvements Policing FACT: The Fulshear PD makes on average 350 stops a month (just under 1% of all vehicles traveling in town) and only 40% of those stopped received a citation.

21 Y EAR IN R EVIEW Y EAR IN R EVIEW The City enhanced its Emergency Management capabilities by installing a generator and communications for it’s Emergency Operations Center through grants from the State Public Safety Improvements (Cont’d)

22 Y EAR IN R EVIEW Y EAR IN R EVIEW Additionally, the City trained its first Community Emergency Response Team (CERT). This group of resident volunteers will assist the City in recovering if and when disaster strikes. Public Safety Improvements (Cont’d)

23 Y EAR IN R EVIEW Y EAR IN R EVIEW Finally, to better communicate with residents in the event of emergencies and in general the City launched its Blackboard Connect system. Public Safety Improvements (Cont’d)

24 Y EAR IN R EVIEW Y EAR IN R EVIEW Other Accomplishments of Note The City adopted a Zoning Ordinance to further the Quality development of the Community.

25 Y EAR IN R EVIEW Y EAR IN R EVIEW Other Accomplishments of Note (Cont’d) Additionally, the City: Launched its new web-site: Launched its new web-site: Launched its “Find your Future in Fulshear” marketing program. Launched its “Find your Future in Fulshear” marketing program.

26 Y EAR IN R EVIEW Y EAR IN R EVIEW Other Accomplishments of Note (Cont’d) The City also: Began the Comprehensive Planning Process Began the Comprehensive Planning Process Revitalized the Parks and Recreation Commission Revitalized the Parks and Recreation Commission

27 Y EAR IN R EVIEW Y EAR IN R EVIEW Other Accomplishments of Note (Cont’d) Thanks to a donation of property from Cross Creek Ranch; the City Constructed a new parking lot at the Irene Stern Center with assistance from the 4B Corporation and the County

28 F INANCIAL O UTLOOK

29 The City is in perhaps its best financial condition ever. The most recent Audit report indicates that the General Fund Reserve Balance is funded at 100%. The City has been able to institute strong financial management while at the same time enhancing / expanding its services across the board.

30 F INANCIAL O UTLOOK  Fiscal Stewardship has maximized resources giving the City an budget of just under $3 Million (and debt of just over $24,000)  Sales Tax is up 41% Year over Year in Fiscal Year and equals 14% of Total Revenue  Revenue from new Housing starts generated almost 51% of total revenue

31 F INANCIAL O UTLOOK Fiscal Year Revenue Percentages

32 All of which means the City’s Ad Valorem Rate will remain the lowest for any City collecting Property Tax in Fort Bend County F INANCIAL O UTLOOK

33 Demographics & Growth F INANCIAL O UTLOOK

34 O UTLOOK 2013 & B EYOND Google Images FULL DISCLAIMER: THAT’S NOT ME!! I wear a longer loin cloth!

35 O UTLOOK 2013 & B EYOND In the new Fiscal Year, the City will complete several projects started this year and initiate several new projects to continue our momentum and growth. Some of those include:

36 O UTLOOK 2013 & B EYOND Infrastructure Improvements For the first time ever, the City has a formally adopted Capital Improvement Plan for Streets. Beginning in Fiscal Year 2013 the City will rework/ resurface all streets (outside of the new Developments). This project will run for four (4) years and cost the City an estimated $1.6 Million and should make pictures like that above memories.

37 O UTLOOK 2013 & B EYOND Infrastructure Improvements (Cont’d) Additionally, the City will begin preparations to replace its aging Waste Water Treatment Plant. Because everyone wants a water feature downtown, just not one like that. Yes, Please! No thanks

38 O UTLOOK 2013 & B EYOND Infrastructure Improvements (Cont’d) Working with the County, TxDOT and local landowners, the City hopes to finalize plans for expansion of FM 1093 and see construction start in Fiscal Year 2014

39 O UTLOOK 2013 & B EYOND Infrastructure Improvements (Cont’d) The City is also hopeful that a Public Private Partnership will bring the Proposed Fulshear Parkway to life in the near future. This Road would connect FM 1093 to I-10; fueling significant growth.

40 O UTLOOK 2013 & B EYOND Public Safety Improvements The City will continue to enhance Police coverage with the addition of: 2 new Full-time officers 2 new Full-time officers 2 new Patrol vehicles 2 new Patrol vehicles Enhanced camera/ monitoring equipment Enhanced camera/ monitoring equipment

41 O UTLOOK 2013 & B EYOND Other Projects of Note Additionally the City will: Enhance and improve Parks facilities Enhance and improve Parks facilities Codify our Ordinances Codify our Ordinances Finalize our Major Thoroughfare and Comprehensive Plans Finalize our Major Thoroughfare and Comprehensive Plansand…

42 O UTLOOK 2013 & B EYOND Other Projects of Note Begin preparing for the drafting of our Home Rule Charter as the City nears a total population of 5,000 Google Images

43 O UTLOOK 2013 & B EYOND Educational Growth With the anticipated growth in population, our partners at Katy ISD and Lamar Consolidated ISD have plans for multiple campuses set to open within the next five years

44 O UTLOOK 2013 & B EYOND Huggins Elementary Churchill Fulshear High School & Dean Leaman Wolman Elementary Future Katy ISD High School Complex Future Katy ISD Elementary School Planned Construction : May 2013 Future LCISD Elementary

45 O UTLOOK 2013 & B EYOND The idea of such rapid growth sometimes leaves us feeling a bit like this… Credit: Disney

46 O UTLOOK 2013 & B EYOND But we know in the end it’s going the reaction is going feel a bit more like this…

47 F IND YOUR F ORTUNE IN F ULSHEAR F IND YOUR F ORTUNE IN F ULSHEAR

48 As stated earlier, FY saw the City’s Sales Tax grow by 41%. Much of that growth was driven by existing businesses; but the City also a number of new commercial enterprises call Fulshear home those included:

49 F IND YOUR F ORTUNE IN F ULSHEAR F IND YOUR F ORTUNE IN F ULSHEAR

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51 Those new businesses and the addition of our new Timewise/ McDonald’s resulted in a 63% increase in Sales Tax Revenue for the month of November 2012.

52 F IND YOUR F UN IN F ULSHEAR F IND YOUR F UN IN F ULSHEAR P LEASE BE SURE TO JOIN US FOR THESE GREAT EVENTS !...

53 F IND YOUR F UN IN F ULSHEAR F IND YOUR F UN IN F ULSHEAR

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