Download - Financial Presentation July 2014
July 2014 Board Meeting
Financial Presentation
Tax Report • Total Levy - $82.0
• Budgeted tax collections - $81.6 million
• Total tax collections -$81.7 million
• Tax collections at 100.2% of budgeted taxes
$0
$10,000,000
$20,000,000
$30,000,000
$40,000,000
$50,000,000
$60,000,000
$70,000,000
$80,000,000
$90,000,000
2013-2014
Total Tax Levy
Budgeted Taxes
YTD Collections
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Securities Pledged Against Deposits June 30, 2014
• Depository requirement – 102% of all deposits in bank
• Current excess pledge over requirement – 150%
3
$6,164,272
$9,223,184
$-
$1,000,000
$2,000,000
$3,000,000
$4,000,000
$5,000,000
$6,000,000
$7,000,000
$8,000,000
$9,000,000
$10,000,000
Pledge Requirement
Depository Pledge Information June 30, 2014
Comparison of General Fund Budget to Actual
2013-2014
4
Esti
mat
ed R
even
ue
$84
,423
,371
Rev
enue
$
84,8
58,6
72
Bud
gete
d Ex
pend
itur
es
$84,
460,
551
Expe
ndit
ures
$8
2,41
4,52
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$81,000,000
$81,500,000
$82,000,000
$82,500,000
$83,000,000
$83,500,000
$84,000,000
$84,500,000
$85,000,000
$85,500,000
Comparison of Food Service Fund Budget to Actual
2013-2014
5
Esti
mat
ed R
even
ue
$5,
481,
418
Rev
enue
$
5,30
8,41
2
Bud
gete
d Ex
pend
itur
es
$5,4
25,2
61
Expe
ndit
ures
$5
,362
,404
$5,200,000
$5,250,000
$5,300,000
$5,350,000
$5,400,000
$5,450,000
$5,500,000
Comparison of Debt Service Fund Budget to Actual
2013-2014
6
Esti
mat
ed R
even
ue
$18
,555
,933
Rev
enue
$
18,7
95,1
79
Bud
gete
d Ex
pend
itur
es
$16,
258,
661
Expe
ndit
ures
$1
6,25
7,60
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$14,500,000
$15,000,000
$15,500,000
$16,000,000
$16,500,000
$17,000,000
$17,500,000
$18,000,000
$18,500,000
$19,000,000
Investment Report As of June 30, 2014
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General Fund YTD Interest - $24,503
All Funds YTD Interest - $54,111
Interest Rates - .03% to .33%
Texpool $2,732,528
5% Lone Star $17,630,488
31%
First Texas Bank $6,557,836
11%
Texpool Prime $13,980,407
24%
Money Market $3,000,653
5%
CDs $14,006,681
24%
Distribution of Investments
Bond Construction Summaries
Funding Bonds sold - $109.3 million Remaining bonds unsold - $28 million Interest earned on 2013C Bonds - $10,581
Projects Budgeted $22.2 million Balance remaining – $49,996
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