executive summary for the quarter ended 3/31/2017 fiscal

Executive Summary For the Quarter Ended 3/31/2017

Fiscal Year 2016-2017 is 50% complete

Major Fund Revenue Comparison Report This report compares prior year (FY 2016) to current year-to-date actuals (FY 2017) to determine trends and identify areas for further review. The report also shows current year budget information as a benchmark for current year revenue. Revenues are the most volatile components of the City’s budget because of their uncertainty. For this reason, revenue streams in the General Fund are tracked on a monthly and quarterly basis. This gives management an opportunity to recommend budget changes and institute budget contingency plans if revenues are not as expected. This report provides Council the ability to monitor trends that impact the budget cycle.

General Fund Actual revenues (Page 5) through March FY17 surpassed actual revenues for March FY16. Overall, FY17 General Fund revenues through March are 15% higher than FY16 General Fund revenues. This was primarily due to an increase in Property Tax, Sales Tax and Other revenue over last fiscal year. Property Taxes for March FY17 are $14,478,309 (7%) over March FY16 and 99.44% of budgeted property tax revenue has been received through March 2017. Sales tax revenue (Page 6) increased by 11.5% ($417,777) from March FY16 to March FY17. Sales Tax revenue received through March FY17 was 51% of budgeted Sales Tax revenue.

As illustrated below, overall Development Permit revenue increased from FY16 to FY17. Health Inspection Permits revenue is included in the Development Permit category on Page 5, but is excluded from the analysis below.

FY17 Second Quarter Financial Report City of Pflugerville

of 16 Prepared by Finance

Executive Summary (continued) For the Quarter Ended 3/31/2017 Fiscal Year 2016-2017 is 50% complete Utility Fund Water revenue (Page 7) for FY17 was 1.5% ($84,891) higher than in March FY16. Water revenue received through March FY17 is 50% of budgeted water revenue. Wholesale water revenue is contracted on a take-or-pay basis and 41.1% of budgeted revenue was received through March FY17. Wastewater revenue (Page 8) increased 6.9% ($222,323) from March FY16 to FY17. This increase was due to an increase in Wastewater customers and usage. Wastewater revenue received through March FY17 is 51% of budgeted wastewater revenue.

Department Expense Reports

General Fund Five of the fourteen departments in the General Fund (Pages 11- 12) have expended or obligated more than 50% of their operating budget. Administration and Police may require budget amendments to fund overages. Administration has expended or obligated more than 50% due to legal fees and public relations consulting, and Police has exceeded 50% of their budget due to IT improvements. Building, PAWS and Fleet have exceeded 50% of their budgets due to large, annual encumbrances and purchases made early in the year. These are not expected to make the departments go over budget at year end, but are being monitored closely.

Overall, Capital Outlay expenditures (Page 14) are 76% of budgeted expenses. This is due to capital purchases being made at the beginning of the year. The Parks department is currently over budget due to the Gilleland Creek Trail Gap project which will be funded from a future budget amendment with grant funds.

0%

10%

20%

30%

40%

50%

60%

Actual Expense % of Budget Year Complete



Executive Summary (continued) For the Quarter Ended 3/31/2017 Fiscal Year 2016-2017 is 50% complete Utility Fund Two of the six Utility Fund departments (Page 13) have expended or obligated more than 50% of their budget through March FY17. Utility Administration and Wastewater Treatment are trending over due to annual expenses paid or obligations made at the beginning of the fiscal year. These expenses are not expected to cause the departments to go over budget.

Overall Capital Outlay expenses (Page 14) are 17% of budgeted expenses.

Special Revenue and Escrow Funds

Reports on the activities and balances in these two funds are available on pages 15 and 16.

General and Vehicle Reserve Funds

General Reserve projects in the amount of $3,146,522 were approved in FY16 of which $442,741 was spent through year-end FY16. General Reserve funds spent through March FY17 were $934,801, for a total of $1,377,542 spent on projects in FY16 and FY17. Of the $739,495 approved for FY17 Vehicle Reserve, $669,996 (91%) has been spent or obligated through March 2017.

0%

10%

20%

30%

40%

50%

60%

70%

UtilityAdministration

UtilityMaintenance

WaterTreatment

WaterDistribution

WastewaterCollection

WastewaterTreatment

Actual Expense % of Budget Year Complete



Executive Summary (continued) For the Quarter Ended 3/31/2017 Fiscal Year 2016-2017 is 50% complete

Impact Fee Balances

Water The Water Impact Fee balance on March 31, 2017 was $6,080,276. Impact fee funds are restricted for use on CIP projects and debt service on qualified CIP. During FY 17, $1 million from Water Impact Fees is allocated for debt service and $2 million is allocated for CIP projects.

Wastewater The Wastewater Impact Fee balance on March 31, 2017 was $9,106,964. Impact fee funds are restricted for use on CIP projects and debt service on qualified CIP. In FY 17, $1.1 million from Wastewater Impact Fees is allocated to pay debt service and $4.9 million is allocated for CIP projects.



FY 2017

Budget

FY 2017

Year-To-Date

% of Budget

Received

FY 2016

Budget

FY 2016

Year-To-Date

% of Budget

Received

Property Taxes 14,560,557$ 14,478,309$ 99.44% 13,537,325$ 13,472,735$ 99.52%

Sales Tax 7,910,000 4,060,556 51.33% 7,013,000 3,642,779 51.94%

Other Taxes 3,286,000 1,066,878 32.47% 3,209,622 1,094,093 34.09%

Development Permits 1,320,577 964,104 73.01% 1,060,500 762,343 71.89%

Fines & Fees 1,042,320 553,064 53.06% 1,042,508 577,660 55.41%

Recreation 544,500 115,380 21.19% 508,500 128,422 25.26%

Transfers* 855,000 430,197 50.32% 870,000 427,774 49.17%

Other** 2,370,417 1,795,630 75.75% 945,200 261,904 27.71%

Total Revenues 31,889,371$ 23,464,120$ 73.58% 28,186,655$ 20,367,710$ 72.26%

* Budgeted transfers to be received from the Utility Fund and the Special Revenue Fund** Includes grants, insurance claims, and other miscellaneous revenue

FY 17 FY 16

General Fund Revenue

FISCAL YEAR IS 50% COMPLETE

$-

$2,000,000

$4,000,000

$6,000,000

$8,000,000

$10,000,000

$12,000,000

$14,000,000

$16,000,000

Property Taxes Sales Tax Other Taxes DevelopmentPermits

Fines & Fees Recreation Transfers* Other**

Budget YTD



% of total

budget

Monthly

Revenue

% of total

budget

Monthly

Revenue % Change

October

(August Sales) 8.1% 565,083 7.7% 612,016 8.3%

November

(September Sales) 10.0% 704,504 9.7% 770,120 9.3%

December

(October Sales) 7.8% 549,521 8.4% 667,948 21.6%

January

(November Sales) 7.6% 534,420 7.8% 619,532 15.9%

February

(December Sales) 11.2% 782,072 10.3% 815,722 4.3%

March

(January Sales) 7.2% 507,179 7.3% 575,219 13.4%

April

(February Sales) 7.9% 551,982

May

(March Sales) 10.0% 699,317

June

(April Sales) 7.8% 545,445

July

(May Sales) 8.6% 603,309 -100.0%

August

(June Sales) 10.6% 743,745 -100.0%

September

(July Sales) 9.3% 650,806 -100.0%

YTD 3,642,779 YTD 4,060,556 11.5%Annual Total 106% 7,437,385$ 51% 4,060,556$

Budget 7,013,000$ Budget 7,910,000$

The amounts in November, May, and August reflect receipts from quarterly payers.

Sales Tax Revenue Analysis

FY 2015 - 2016 FY 2016 - 2017

$0.0 $1.0 $2.0 $3.0 $4.0 $5.0 $6.0 $7.0 $8.0

FY17 Budget

FY17 Actuals

Millions

Sales Tax

FY17 Budget FY17 Actuals



% of

Budget

Monthly

Revenue

% of

Budget

Monthly

Revenue

% of

Budget

Monthly

Revenue

% of

Budget

Monthly

Revenue

%

Change

October 9.1% 938,162 10.1% 1,036,075 12.4% 1,475,134 10.1% 1,202,173 -18.5%

November 7.4% 760,621 9.8% 1,007,973 9.4% 1,115,972 9.6% 1,146,493 2.7%

December 6.4% 653,766 7.3% 753,749 7.0% 827,184 8.5% 1,010,501 22.2%

January 5.9% 602,698 6.7% 688,812 6.7% 791,893 7.3% 862,657 8.9%

February 6.5% 668,087 7.3% 750,473 6.7% 790,855 7.2% 853,697 7.9%

March 5.9% 605,029 6.6% 676,988 6.9% 824,311 7.0% 834,721 1.3%

April 6.5% 670,773 7.2% 739,120 8.3% 984,744

May 9.0% 920,156 8.5% 869,551 7.8% 924,645

June 8.5% 870,921 7.4% 759,090 7.0% 833,817

July 8.2% 839,709 8.8% 900,649 10.6% 1,258,079 100.0% -100.0%

August 10.4% 1,072,950 14.7% 1,507,077 12.7% 1,514,868 100.0% -100.0%

September 10.6% 1,088,325 15.1% 1,549,353 11.2% 1,335,590 100.0% -100.0%

Totals Annual 9,691,197$ Annual 11,238,910$ Annual 12,677,093$ Annual 5,910,242$ 1.5%

March YTD 4,228,362 YTD 4,914,070 YTD 5,825,350 YTD 5,910,242

Budget 10,279,152$ Budget 10,262,400$ Budget 11,881,520$ Budget 11,880,778$

Water Revenue Analysis

FY 2013 - 2014 FY 2014 - 2015 FY 2015 - 2016 FY 2016 - 2017

Annual Budget Mar. 2017 YTD

Wholesale Water 1,715,350$ 704,361$ 41.1%

Combined retail and wholesale water revenue 13,596,128$ 6,614,603$ 48.7%



% of

Budget

Monthly

Revenue

% of

Budget

Monthly

Revenue

% of

Budget

Monthly

Revenue

% of

Budget

Monthly

Revenue

%

Change

October 9.11% 528,463 9.24% 500,103 8.50% 535,670 8.45% 566,784 5.8%

November 9.21% 534,127 9.32% 504,246 8.51% 536,027 8.52% 570,982 6.5%

December 9.17% 531,935 9.31% 503,455 8.51% 535,828 8.62% 578,122 7.9%

January 9.17% 531,954 9.33% 504,675 8.54% 538,011 8.59% 576,049 7.1%

February 9.25% 536,692 9.37% 507,099 8.58% 540,466 8.64% 578,952 7.1%

March 8.60% 499,173 9.39% 507,986 8.63% 543,517 8.67% 580,952 6.9%

April 8.62% 499,950 9.49% 513,667 8.75% 551,117

May 8.87% 514,410 9.54% 516,009 8.79% 553,595

June 8.94% 518,839 9.56% 517,121 8.70% 547,962

July 8.90% 516,341 9.63% 520,949 8.27% 520,949 100.00% -100.0%

August 9.13% 529,759 9.72% 525,932 8.35% 525,932 100.00% -100.0%

September 9.15% 531,006 9.75% 527,284 8.37% 527,284 100.00% -100.0%

Totals Annual 6,272,650$ Annual 6,148,525$ Annual 6,456,359$ Annual 3,451,842$ 6.9%

March YTD 3,162,344 YTD 3,027,563 YTD 3,229,520 YTD 3,451,842

Budget 5,802,270$ Budget 5,410,000$ Budget 6,299,528$ Budget 6,703,602$

Wastewater Revenue Analysis

FY 2013 - 2014 FY 2014 - 2015 FY 2015 - 2016 FY 2016 - 2017



Monthly Financial Statement - Summary

March 31, 2017 - Fiscal Year is 50% Complete

General FundFY17 Approved

Budget Year-to-Date*

Balance

Remaining

% of Budget

Received/

Expended

Administration 31,889,371 23,464,120 8,425,251 74%

Total Revenue 31,889,371$ 23,464,120$ 8,425,251$ 74%

Administration 6,946,664 3,925,419 3,021,245 57%DSC Admin Dept. 500,639 229,485 271,154 46%Building Dept. 523,437 267,309 256,128 51%Planning Dept. 795,824 378,113 417,711 48%Dev. Engineering Dept. 555,707 250,629 305,078 45%CIP Engineering Dept. 674,324 293,513 380,811 44%Library Dept. 1,219,147 598,655 620,492 49%Court 486,968 226,365 260,603 46%PAWS 583,450 308,726 274,724 53%Police Dept. 11,986,271 6,297,269 5,689,002 53%Parks Dept. 1,898,101 776,864 1,121,237 41%

Streets 4,076,611 1,724,262 2,352,349 42%

Parks Maint Dept. 1,025,614 420,592 605,023 41%

Fleet 280,253 151,024 129,229 54%

Operating Expenditures 31,553,010$ 15,848,223$ 15,704,787$ 50%

Capital Outlay 331,744$ $ 252,295 79,449$

Revenue Over (Under)

Expenditures 4,617$ $ 7,363,602

Utility FundFY17 Approved


Balance

Remaining

% of Budget

Received/

Expended

Water 14,725,128 8,333,471 6,391,657 57%Wastewater 7,850,282 5,095,740 2,754,542 65%Solid Waste 4,400,000 2,288,341 2,111,659 52%

Total Revenue 26,975,410$ 15,717,552$ 11,257,858$ 58%

Utility Administration 4,034,278 2,052,188 1,982,090 51%Utility Maintenance 1,126,108 565,411 560,697 50%Water Treatment 1,561,338 788,088 773,250 50%Water Distribution 5,797,237 2,789,644 3,007,593 48%Wastewater Collection 390,253 147,365 242,888 38%Wastewater Treatment 1,729,751 1,128,692 601,059 65%Solid Waste 4,400,000 1,902,933 2,497,067 43%

Operating Expenditures 19,038,965$ 9,374,321$ 9,664,644$ 49%

Capital Outlay 594,364$ 102,571$ 491,794$

Debt Service 6,408,170 1,834,152$ 4,574,018$

Revenue Over (Under)

Expenditures 933,911$ $ 4,406,508

*Includes encumbrances and prior period adjustments.

FUND SUMMARIES






Budget Year-to-Date

Balance

Remaining

% of Budget

Received

Taxes 25,756,557 19,605,744 6,150,813 76%Development Permits 1,320,577 964,104 356,473 73%Fines & Fees 1,042,320 553,064 489,256 53%Recreation 544,500 115,380 429,120 21%Transfers 855,000 430,197 424,803 50%Other Income 2,370,417 1,795,630 574,787 76%

Totals $ 31,889,371 $ 23,464,120 $ 8,425,251 74%


Budget Year-to-Date

Balance

Remaining

% of Budget

Received

Water Revenue 13,602,628 6,622,347 6,980,281 49%

Wastewater Revenue 6,704,602 3,452,374 3,252,228 51%Interest Income 22,500 39,223 (16,723) 174%Impact Fee Revenue - 3,198,891 (3,198,891) n/aImpact Fee Transfer 2,100,000 - 2,100,000 0%Solid Waste 4,400,000 2,288,341 2,111,659 52%

Other Income 145,680 116,376 29,304 80%

Totals $ 26,975,410 $ 15,717,552 $ 11,257,858 58%

REVENUE SUMMARIES





FY17 Approved

Budget

Year-to-Date

Expenditures*

Balance

Remaining% of Budget

Expended

Administration Department

Personnel 2,848,924 1,219,598 1,629,326 43%Operations & Maintenance 1,169,540 544,491 625,049 47%Supplies 92,750 23,346 69,404 25%

Services 844,040 592,882 251,158 70%

Economic Incentives 1,991,410 1,545,102 446,308 78%

Totals $ 6,946,664 $ 3,925,419 $ 3,021,245 57%DSC Admin Department

Personnel 179,614 89,641 89,973 50%Operations & Maintenance 227,125 112,990 114,135 50%Supplies 8,900 1,405 7,495 16%

Services 85,000 25,450 59,550 30%Totals $ 500,639 $ 229,485 $ 271,154 46%

Building DepartmentPersonnel 419,370 204,384 214,986 49%Operations & Maintenance 15,067 8,228 6,839 55%Supplies 9,000 3,187 5,813 35%

Services 80,000 51,510 28,490 64%

Totals $ 523,437 $ 267,309 $ 256,128 51%Planning Department

Personnel 676,274 311,075 365,199 46%

Operations & Maintenance 101,800 63,141 38,659 62%

Supplies 10,750 3,897 6,853 36%

Services 7,000 - 7,000 0%

Totals $ 795,824 $ 378,113 $ 417,711 48%Dev. Engineering DepartmentPersonnel 521,758 238,093 283,665 46%Operations & Maintenance 23,599 10,378 13,221 44%Supplies 7,850 2,159 5,691 27%

Services 2,500 - 2,500 0%

Totals $ 555,707 $ 250,629 $ 305,078 45%CIP Engineering DepartmentPersonnel 651,409 262,472 388,937 40%Operations & Maintenance 16,265 9,406 6,859 58%Supplies 6,650 21,634 (14,984) 325%Services - - - n/a

Totals $ 674,324 $ 293,513 $ 380,811 44%Library Department

Personnel 908,170 442,532 465,638 49%

Operations & Maintenance 230,327 121,107 109,220 53%Supplies 50,650 24,552 26,098 48%

Services 30,000 10,464 19,536 35%

Totals $ 1,219,147 $ 598,655 $ 620,492 49%


GENERAL FUND DEPARTMENTAL EXPENSES





FY17 Approved

Budget

Year-to-Date

Expenditures*

Balance


Expended

Court

Personnel 403,923 208,107 195,816 52%Operations & Maintenance 43,775 4,211 39,564 10%Supplies 21,500 4,520 16,980 21%Services 17,770 9,527 8,243 54%

Totals $ 486,968 $ 226,365 $ 260,603 46%Animal ShelterPersonnel 447,850 219,156 228,694 49%Operations & Maintenance 54,800 33,418 21,382 61%Supplies 40,800 15,248 25,552 37%Services 40,000 40,904 (904) 102%

Totals $ 583,450 $ 308,726 $ 274,724 53%Police DepartmentPersonnel 10,423,249 5,070,694 5,352,555 49%Operations & Maintenance 1,059,803 1,013,134 46,669 96%Supplies 378,359 105,932 272,427 28%Services 124,860 107,509 17,351 86%

Totals $ 11,986,271 $ 6,297,269 $ 5,689,002 53%Parks Department

Personnel 1,303,800 441,739 862,061 34%Operations & Maintenance 563,701 312,990 250,711 56%Supplies 16,100 16,917 (817) 105%Services 14,500 5,218 9,282 36%

Totals $ 1,898,101 $ 776,864 $ 1,121,237 41%Streets DepartmentPersonnel 1,486,411 711,028 775,383 48%Operations & Maintenance 2,493,200 978,464 1,514,736 39%Supplies 97,000 34,238 62,762 35%Services - 533 (533) n/a

Totals $ 4,076,611 $ 1,724,262 $ 2,352,349 42%Parks Maint Department

Personnel 795,709 352,379 443,330 44%Operations & Maintenance 189,855 53,120 136,735 28%Supplies 40,050 15,093 24,957 38%Services - - - n/a

Totals $ 1,025,614 $ 420,592 $ 605,023 41%Fleet DepartmentPersonnel 221,353 124,012 97,341 56%Operations & Maintenance 22,100 6,282 15,818 28%Supplies 36,800 20,729 16,071 56%Services - - - n/a

Totals $ 280,253 $ 151,024 $ 129,229 54%

General Fund Total 30,969,560$ 15,539,497$ 15,430,063$ 50%


GENERAL FUND DEPARTMENTAL EXPENSES





FY17 Approved

Budget

Year-to-Date

Expenditures*

Balance


Expended

Utility Administration

Personnel 1,313,164 636,228 676,936 48%Operations & Maintenance 1,969,284 881,999 1,087,285 45%Supplies 66,500 9,342 57,158 14%Services 685,330 524,620 160,710 77%

Totals $ 4,034,278 $ 2,052,188 $ 1,982,090 51%

Utility Maintenance

Personnel 957,708 486,973 470,735 51%Operations & Maintenance 93,400 58,311 35,089 62%Supplies 75,000 20,127 54,873 27%Services - - - n/a

Totals $ 1,126,108 $ 565,411 $ 560,697 50%

Water TreatmentPersonnel 416,913 227,296 189,617 55%Operations & Maintenance 912,425 411,625 500,800 45%Supplies 226,000 149,168 76,832 66%Services 6,000 - 6,000 0%

Totals $ 1,561,338 $ 788,088 $ 773,250 50%

Water Distribution

Personnel 216,837 103,956 112,881 48%Operations & Maintenance 5,523,900 2,664,696 2,859,204 48%Supplies 36,500 5,909 30,591 16%Services 20,000 15,084 4,916 75%

Totals $ 5,797,237 $ 2,789,644 $ 3,007,593 48%

Wastewater CollectionPersonnel - - - n/aOperations & Maintenance 389,253 147,365 241,888 38%Supplies - - - n/aServices 1,000 - 1,000 0%

Totals $ 390,253 $ 147,365 $ 242,888 38%

Wastewater TreatmentPersonnel 573,289 291,583 281,706 51%Operations & Maintenance 817,962 503,647 314,315 62%Supplies 278,500 290,743 (12,243) 104%Services 60,000 42,719 17,281 71%

Totals $ 1,729,751 $ 1,128,692 $ 601,059 65%

Solid WastePersonnel - - - n/aOperations & Maintenance 682,248 291,547 390,701 43%Supplies - - - n/aServices 3,717,752 1,611,386 2,106,366 43%

Totals $ 4,400,000 $ 1,902,933 $ 2,497,067 43%

Utility Fund Total 19,038,965$ 9,374,321$ 9,664,644$ 49%


UTILITY FUND DEPARTMENTAL EXPENSES







Balance


Expended

Administration - - - n/aDSC Admin Dept. - - - n/aBuilding Dept. - - - n/aPlanning Dept. - - - n/aDev. Engineering Dept. - - - n/aCIP Engineering Dept. - - - n/aLibrary Dept. 235,000 173,599 61,401 74%Court - - - n/aAnimal Shelter - - - n/aPolice Dept. 62,744 33,771 28,973 54%Parks Dept. 34,000 44,925 (10,925) 132%

Streets - - - n/a

Parks Maint Dept. - - - n/a

Fleet - - - n/a

Total Expenditures 331,744$ 252,295$ 79,449$ 76%



Balance


Expended

Utility Administration 32,000 30,847 1,153 96%Utility Maintenance - - - n/aWater Treatment 93,000 - 93,000 0%Water Distribution 455,100 57,459 397,641 13%Wastewater Collection - - - n/aWastewater Treatment 14,264 14,264 - 100%

Total Expenditures 594,364$ 102,571$ 491,794$ 17%

Utility Fund

FY17 Approved

Budget Year-to-Date

Balance

Remaining

% of Budget

Expended

Water Treatment 1,671,712 457,787 1,213,925 27%Water Distribution 2,323,057 641,931 1,681,126 28%Wastewater Collection 1,236,392 359,342 877,050 29%Wastewater Treatment 1,177,009 375,092 801,917 32%

Total Expenditures 6,408,170$ 1,834,152$ 4,574,018$ 29%

* Includes encumbrances and prior period adjustments.

CAPITAL OUTLAY

DEBT SERVICE



Special Revenue Fund Summary

March FY17

Amount

Balance 12/31/2016 266,650$

Revenue 34,859

Expenses 22,316

Balance 3/31/2017 279,193$

Amount

Balance 12/31/2016 186,189$

Revenue 20,476

Expenses 17,313

Balance 3/31/2017 189,351$

Amount

Balance 12/31/2016 104,640$

Revenue 200

Expenses 5,946

Balance 3/31/2017 98,894$

Amount

Balance 12/31/2016 69,164$

Revenue 26,821

Expenses 6,326

Balance 3/31/2017 89,659$

Amount

Balance 12/31/2016 39,482$

Revenue 22,544

Expenses -

Balance 3/31/2017 62,026$

Police Department

Municipal Court

Deutschen Pfest

Public, Education and Governmental (PEG) Funds

Hotel Occupancy Tax (HOT) Funds

Revenue sources include state and federal drug seizure funds, donations for DARE and Blue Santa, and child safety fees. The Chief is legally mandated to allocate the revenue to related expenditures.

These funds are expended for the benefit of the Court. Revenues are collected from Court fines and are legally mandated to be expended for Court technology, security, and efficiency.

These funds are expended and receipted for Deutschen Pfest. Proceeds benefit the Parks and Recreation Department at the discretion of the Parks & Recreation Commission. Current funds are obligated for the Gilleland Creek Trail grant match and Pfluger Park electrical improvements, $60,363 in total.

PEG funds are collected from cable providers as part of the franchise payments. PEG funds can only be spent on capital purchases for PEG facilities as permitted by federal law.

HOT funds are collected from hotels and similar facilities. These funds are restricted by the state to be used to directly enhance and promote tourism and the convention and hotel industry.



Acct Account Name Description Balance

2017 Sorento

Infrastructure

Infrastructure fees from the developer to be used for

improvements to roadways near the development (including

Pecan Street, Weiss Lane)

69,600$

2023 Regional Detention Detention fees from various developers to construct regional

detention improvements.

156,807$

2033 Parkland Parkland Development Fees and fees in-lieu of parkland

dedication from developers.

729,495$

2034 Weiss Lane Funds from various sources for the construction of the Weiss

Lane FY16-17 project.

117,720$

2037 Traffic

Improvements

Funds received from developers as outlined in Traffic Impact

Analysis (TIA) Reports to be used for future traffic

improvements.

166,168$

2039 Sidewalk Fees collected from developers to construct sidewalks. 261,702$

2048 Traffic Signal

Springbrook Apts

Funds received from developer for future traffic signals as

identified by TIA.

18,900$

2059 Pfennig Lane/

WalMart

Funds received from WalMart in FY 2006 per agreement for

improvements to Pfennig Lane.

10,000$

2067 Tree Fund Escrow Penalties for violations of the City's Public Tree Care

ordinance. Funds must be used for the planting and

maintenance of trees.

69,216$

2075 Arista 380

Repayment

Funds received from Arista for irrevocable letter of credit.

Effective February 2017, the City Council has authorized

these funds to be used to reimburse the City for PCDC debt

obligations through 2020.

2,806,809$

2080 Project North

Reimbursement

Account

Funds will be used to reimburse the City for professional

fees incurred in relation to Project North up to a maximum

of $150,000.

35,487$

Escrow Funds Summaryas of March 31, 2017



executive summary for the quarter ended 3/31/2017 fiscal

Documents