executive summary for the quarter ended 6/30/2017 fiscal

Executive Summary For the Quarter Ended 6/30/2017

Fiscal Year 2016-2017 is 75% 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 June FY17 surpassed actual revenues for June FY16. Overall, FY17 General Fund revenues through June 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 June FY17 are $14,551,101 (7%) over June FY16 and 99.9% of budgeted property tax revenue has been received through June 2017. Sales tax revenue (Page 6) increased by 10.6% ($577,848) from June FY16 to June FY17. Sales Tax revenue received through June FY17 was 76% 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.

-

100,000

200,000

300,000

400,000

500,000

600,000

700,000

800,000

Building Permits Subdivision Filing Fees Plat Review Fees Site Dev. Plan Review Fees

FY16 Actuals as of 6/30/16 FY17 Actuals as of 6/30/17

1

Executive Summary (continued) For the Quarter Ended 6/30/2017 Fiscal Year 2016-2017 is 75% complete Utility Fund Water revenue (Page 7) for FY17 was 6.7% ($572,862) higher than in June FY16. Water revenue received through June FY17 is 77% of budgeted water revenue. Wholesale water revenue is contracted on a take-or-pay basis and 55.5% of budgeted revenue was received through June FY17. Wastewater revenue (Page 8) increased 6.9% ($337,363) from June FY16 to FY17. This increase was due to an increase in wastewater customers. Wastewater revenue received through June FY17 is 78% of budgeted wastewater revenue.

Department Expense Reports

General Fund None of the fourteen departments in the General Fund (Pages 11- 12) have expended or obligated more than 75% of their operating budget.

Overall, Capital Outlay expenditures (Page 14) are 179% of budgeted expenses. This overage is due to Parks department expenditures for the construction of the Gilleland Creek Trail grant project. A budget amendment will be completed at year end to account for the project expenditures and the off-setting revenues from the Texas Parks and Wildlife grant and matching Deutschen Pfest project funds.

0%

10%

20%

30%

40%

50%

60%

70%

80%

Actual Expense % of Budget Year Complete

2

Executive Summary (continued) For the Quarter Ended 6/30/2017 Fiscal Year 2016-2017 is 75% complete

Utility Fund One of the six Utility Fund departments (Page 13) has expended or obligated more than 75% of their budget through June FY17. Wastewater Treatment is trending over due to annual expenses paid and obligations made at the beginning of the fiscal year in addition to an increase in the need for services, such as sludge removal. If necessary, a budget amendment will be completed at year-end.

Overall Capital Outlay expenses (Page 14) are 25% of budgeted expenses. This number is below budget because the project to repair water storage tanks at wells number 4 and 6 (Water Distribution department) has not yet begun.

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. The total amount spent or obligated towards these projects through June of FY17 was $2,116,029. Of the $739,495 approved for FY17 Vehicle Reserve, $670,741 (91%) has been spent or obligated through June 2017.

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

UtilityAdministration

UtilityMaintenance

WaterTreatment

WaterDistribution

WastewaterCollection

WastewaterTreatment

Actual Expense % of Budget Year Complete

3

Executive Summary (continued) For the Quarter Ended 6/30/2017 Fiscal Year 2016-2017 is 75% complete

Impact Fee Balances

Water The Water Impact Fee balance on June 30, 2017 was $6,666,811. 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 June 30, 2017 was $9,028,267. 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.

4

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$ 14,551,101$ 99.94% 13,537,325$ 13,591,236$ 100.40%

Sales Tax 7,910,000 6,017,372 76.07% 7,013,000 5,439,524 77.56%

Other Taxes 3,286,000 1,698,054 51.68% 3,209,622 1,727,009 53.81%

Development Permits 1,320,577 1,670,320 126.48% 1,060,500 1,222,267 115.25%

Fines & Fees 1,042,320 755,282 72.46% 1,042,508 823,663 79.01%

Recreation 544,500 352,293 64.70% 508,500 386,430 75.99%

Transfers* 1,655,000 624,298 37.72% 1,195,060 619,667 51.85%

Other** 2,484,417 2,201,221 88.60% 945,200 476,014 50.36%

Total Revenues 32,803,371$ 27,869,941$ 84.96% 28,511,715$ 24,285,810$ 85.18%

* 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 RevenueFISCAL YEAR IS 75% 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

5

% of total

budget

Monthly

Revenue

% of total

budget

Monthly

Revenue % ChangeOctober

(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 7.4% 586,910 6.3%May

(March Sales) 10.0% 699,317 9.5% 751,792 7.5%June

(April Sales) 7.8% 545,445 7.8% 618,113 13.3%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 5,439,524 YTD 6,017,372 10.6%Annual Total 106% 7,437,385$ 76% 6,017,372$

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

6

% 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 8.7% 1,034,434 5.0%

May 9.0% 920,156 8.5% 869,551 7.8% 924,645 8.7% 1,036,996 12.2%

June 8.5% 870,921 7.4% 759,090 7.0% 833,817 9.8% 1,159,747 39.1%

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 9,141,419$ 6.7%

June YTD 6,690,213 YTD 7,281,831 YTD 8,568,556 YTD 9,141,419

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

June

2017 YTD

Wholesale Water 1,715,350$ 952,507$ 55.5%

Combined retail and wholesale water revenue 13,596,128$ 10,094,225$ 74.2%

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 8.76% 587,079 6.5%

May 8.87% 514,410 9.54% 516,009 8.79% 553,595 8.76% 587,377 6.1%

June 8.94% 518,839 9.56% 517,121 8.70% 547,962 8.85% 593,258 8.3%

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 5,219,557$ 6.9%

June YTD 4,695,544 YTD 4,574,360 YTD 4,882,194 YTD 5,219,557

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

8

Monthly Financial Statement - Summary

June 30, 2017 - Fiscal Year is 75% Complete

General FundFY17 Approved

Budget Year-to-Date*

Balance

Remaining

% of Budget

Received/

Expended

Administration 32,803,371 27,869,941 4,933,430 85%

Total Revenue 32,803,371$ 27,869,941$ 4,933,430$ 85%

Administration 6,946,664 5,123,552 1,823,112 74%DSC Admin Dept. 500,639 349,531 151,108 70%Building Dept. 523,437 379,559 143,878 73%Planning Dept. 795,824 551,755 244,069 69%Dev. Engineering Dept. 555,707 372,995 182,712 67%CIP Engineering Dept. 690,824 441,067 249,757 64%Library Dept. 1,219,147 884,546 334,601 73%Court 486,968 341,658 145,310 70%PAWS 583,450 428,747 154,703 73%Police Dept. 11,986,271 8,803,237 3,183,034 73%Parks Dept. 1,995,601 1,234,698 760,903 62%

Streets 4,876,611 2,432,797 2,443,814 50%

Parks Maint Dept. 1,025,614 626,131 399,483 61%

Fleet 280,253 208,791 71,462 75%

Operating Expenditures 32,467,010$ 22,179,064$ 10,287,946$ 68%

Capital Outlay 331,744$ $ 595,181 (263,437)$

Revenue Over (Under)

Expenditures 4,617$ $ 5,095,696

Utility FundFY17 Approved


Balance

Remaining

% of Budget

Received/

Expended

Water 14,725,128 12,435,535 2,289,593 84%

Wastewater 7,850,282 7,377,828 472,454 94%

Solid Waste 4,400,000 3,454,746 945,254 79%

Total Revenue 26,975,410$ 23,268,109$ 3,707,301$ 86%

Utility Administration 4,034,278 2,946,038 1,088,240 73%

Utility Maintenance 1,126,108 823,412 302,696 73%Water Treatment 1,561,338 1,065,052 496,286 68%

Water Distribution 5,797,237 3,853,095 1,944,142 66%

Wastewater Collection 390,253 259,720 130,533 67%

Wastewater Treatment 1,729,751 1,416,310 313,441 82%

Solid Waste 4,400,000 3,064,003 1,335,997 70%

Operating Expenditures 19,038,965$ 13,427,629$ 5,611,336$ 71%

Capital Outlay 594,364$ 147,921$ 446,444$

Debt Service 6,408,170 1,834,485$ 4,573,685$

Revenue Over (Under)

Expenditures 933,911$ $ 7,858,075

*Includes encumbrances and prior period adjustments.

FUND SUMMARIES

9




Budget Year-to-Date

Balance

Remaining

% of Budget

Received

Taxes 25,756,557 22,266,527 3,490,030 86%Development Permits 1,320,577 1,670,320 (349,743) 126%Fines & Fees 1,042,320 755,282 287,038 72%Recreation 544,500 352,293 192,207 65%Transfers 855,000 624,298 230,702 73%Other Income 2,484,417 2,201,221 283,196 89%

Totals $ 32,803,371 $ 27,869,941 $ 4,933,430 85%


Budget Year-to-Date

Balance

Remaining

% of Budget

Received

Water Revenue 13,602,628 10,105,339 3,497,289 74%Wastewater Revenue 6,704,602 5,221,339 1,483,263 78%Interest Income 22,500 77,921 (55,421) 346%Impact Fee Revenue - 4,205,230 (4,205,230) n/aImpact Fee Transfer 2,100,000 - 2,100,000 0%Solid Waste 4,400,000 3,454,746 945,254 79%Other Income 145,680 203,534 (57,854) 140%

Totals $ 26,975,410 $ 23,268,109 $ 3,707,301 86%

REVENUE SUMMARIES

10



FY17 Approved

Budget

Year-to-Date

Expenditures*

Balance

Remaining% of Budget

Expended

Administration Department

Personnel 2,848,924 1,790,165 1,058,759 63%Operations & Maintenance 1,169,540 784,315 385,225 67%Supplies 92,750 36,663 56,087 40%

Services 844,040 967,308 (123,268) 115%

Economic Incentives 1,991,410 1,545,102 446,308 78%Totals $ 6,946,664 $ 5,123,552 $ 1,823,112 74%

DSC Admin Department

Personnel 179,614 130,453 49,161 73%Operations & Maintenance 227,125 157,821 69,304 69%Supplies 8,900 1,807 7,093 20%

Services 85,000 59,450 25,550 70%Totals $ 500,639 $ 349,531 $ 151,108 70%

Building DepartmentPersonnel 419,370 295,445 123,925 70%Operations & Maintenance 15,067 10,231 4,836 68%Supplies 9,000 5,404 3,596 60%

Services 80,000 68,478 11,522 86%Totals $ 523,437 $ 379,559 $ 143,878 73%

Planning Department

Personnel 676,274 470,909 205,365 70%

Operations & Maintenance 101,800 75,150 26,650 74%

Supplies 10,750 5,696 5,054 53%

Services 7,000 - 7,000 0%Totals $ 795,824 $ 551,755 $ 244,069 69%

Dev. Engineering DepartmentPersonnel 521,758 355,986 165,772 68%Operations & Maintenance 23,599 13,138 10,461 56%Supplies 7,850 3,871 3,979 49%

Services 2,500 - 2,500 0%

Totals $ 555,707 $ 372,995 $ 182,712 67%CIP Engineering DepartmentPersonnel 651,409 406,972 244,437 62%Operations & Maintenance 16,265 10,887 5,378 67%Supplies 23,150 23,208 (58) 100%Services - - - n/a

Totals $ 690,824 $ 441,067 $ 249,757 64%Library Department


Services 30,000 18,312 11,688 61%Totals $ 1,219,147 $ 884,546 $ 334,601 73%


GENERAL FUND DEPARTMENTAL EXPENSES

11



FY17 Approved

Budget

Year-to-Date

Expenditures*

Balance


Expended

Court

Personnel 403,923 301,547 102,376 75%Operations & Maintenance 43,775 16,540 27,235 38%Supplies 21,500 9,413 12,087 44%Services 17,770 14,159 3,611 80%

Totals $ 486,968 $ 341,658 $ 145,310 70%Animal ShelterPersonnel 447,850 316,448 131,402 71%Operations & Maintenance 54,800 48,963 5,837 89%Supplies 40,800 22,064 18,736 54%Services 40,000 41,272 (1,272) 103%

Totals $ 583,450 $ 428,747 $ 154,703 73%Police DepartmentPersonnel 10,423,249 7,245,027 3,178,222 70%Operations & Maintenance 1,059,803 1,267,319 (207,516) 120%Supplies 378,359 170,533 207,826 45%Services 124,860 120,358 4,502 96%

Totals $ 11,986,271 $ 8,803,237 $ 3,183,034 73%Parks Department

Personnel 1,303,800 746,898 556,902 57%Operations & Maintenance 661,201 448,344 212,857 68%Supplies 16,100 20,349 (4,249) 126%

Services 14,500 19,107 (4,607) 132%Totals $ 1,995,601 $ 1,234,698 $ 760,903 62%

Streets DepartmentPersonnel 1,486,411 1,032,507 453,904 69%Operations & Maintenance 3,293,200 1,344,929 1,948,271 41%Supplies 97,000 54,828 42,172 57%

Services - 533 (533) n/aTotals $ 4,876,611 $ 2,432,797 $ 2,443,814 50%

Parks Maint Department


Services - - - n/aTotals $ 1,025,614 $ 626,131 $ 399,483 61%

Fleet DepartmentPersonnel 221,353 173,557 47,796 78%Operations & Maintenance 22,100 10,033 12,067 45%Supplies 36,800 25,201 11,599 68%

Services - - - n/aTotals $ 280,253 $ 208,791 $ 71,462 75%

General Fund Total 31,883,560$ 21,750,318$ 10,133,242$ 68%


GENERAL FUND DEPARTMENTAL EXPENSES

12



FY17 Approved

Budget

Year-to-Date

Expenditures*

Balance


Expended

Utility Administration

Personnel 1,313,164 921,338 391,826 70%Operations & Maintenance 1,969,284 1,345,338 623,946 68%Supplies 66,500 29,762 36,738 45%Services 685,330 649,600 35,730 95%

Totals $ 4,034,278 $ 2,946,038 $ 1,088,240 73%

Utility Maintenance

Personnel 957,708 684,943 272,765 72%Operations & Maintenance 93,400 99,937 (6,537) 107%Supplies 75,000 38,532 36,468 51%Services - - - n/a

Totals $ 1,126,108 $ 823,412 $ 302,696 73%

Water TreatmentPersonnel 416,913 326,457 90,456 78%Operations & Maintenance 912,425 569,116 343,309 62%Supplies 226,000 168,920 57,080 75%Services 6,000 558 5,442 9%

Totals $ 1,561,338 $ 1,065,052 $ 496,286 68%

Water Distribution

Personnel 216,837 151,278 65,559 70%Operations & Maintenance 5,523,900 3,665,338 1,858,562 66%Supplies 36,500 17,536 18,964 48%Services 20,000 18,944 1,056 95%

Totals $ 5,797,237 $ 3,853,095 $ 1,944,142 66%

Wastewater CollectionPersonnel - - - n/aOperations & Maintenance 389,253 259,720 129,533 67%Supplies - - - n/aServices 1,000 - 1,000 0%

Totals $ 390,253 $ 259,720 $ 130,533 67%

Wastewater TreatmentPersonnel 573,289 422,800 150,489 74%Operations & Maintenance 817,962 634,303 183,659 78%Supplies 278,500 301,133 (22,633) 108%Services 60,000 58,074 1,926 97%

Totals $ 1,729,751 $ 1,416,310 $ 313,441 82%

Solid WastePersonnel - - - n/aOperations & Maintenance 682,248 469,848 212,400 69%Supplies - - - n/aServices 3,717,752 2,594,155 1,123,597 70%

Totals $ 4,400,000 $ 3,064,003 $ 1,335,997 70%

Utility Fund Total 19,038,965$ 13,427,629$ 5,611,336$ 71%


UTILITY FUND DEPARTMENTAL EXPENSES

13





Balance


Expended

Administration - - - n/aDSC Admin Dept. - - - n/aBuilding Dept. - - - n/aPlanning Dept. - - - n/aDev. Engineering Dept. - - - n/aCIP Engineering Dept. - - - n/aLibrary Dept. 235,000 224,539 10,461 96%Court - - - n/aAnimal Shelter - - - n/aPolice Dept. 62,744 33,771 28,973 54%Parks Dept. 34,000 336,870 (302,870) 991%

Streets - - - n/a

Parks Maint Dept. - - - n/a

Fleet - - - n/a

Total Expenditures 331,744$ 595,181$ (263,437)$ 179%



Balance


Expended

Utility Administration 32,000 30,847 1,153 96%Utility Maintenance - 13,980 (13,980) n/aWater Treatment 93,000 31,370 61,630 34%Water Distribution 455,100 57,459 397,641 13%Wastewater Collection - - - n/aWastewater Treatment 14,264 14,264 - 100%

Total Expenditures 594,364$ 147,921$ 446,444$ 25%

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 2,323,057 642,159 1,680,898 28%Wastewater Collection 1,236,392 359,446 876,946 29%Wastewater Treatment 1,177,009 375,092 801,917 32%

Total Expenditures 6,408,170$ 1,834,485$ 4,573,685$ 29%

* Includes encumbrances and prior period adjustments.

CAPITAL OUTLAY

DEBT SERVICE

14

Special Revenue Fund Summary

June FY17

Amount

Balance 3/31/2017 279,193$

Revenue 18,904

Expenses 14,927

Balance 6/30/2017 283,170$

Amount

Balance 3/31/2017 189,351$

Revenue 27,391

Expenses 2,119

Balance 6/30/2017 214,624$

Amount

Balance 3/31/2017 98,894$

Revenue 74,968

Expenses 56,690

Balance 6/30/2017 117,173$

Amount

Balance 3/31/2017 90,662$

Revenue 25,723

Expenses 5,655

Balance 6/30/2017 110,731$

Amount

Balance 3/31/2017 62,026$

Revenue 25,336

Expenses -

Balance 6/30/2017 87,362$

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 finesand 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 direction of the Parks & Recreation Commission. Current funds of $60,363 are obligated for the Gilleland Creek Trail grant match and Pfluger Park electrical improvements.

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 similarfacilities. These funds are restricted by the state to be used to directly enhance and promote tourism and the convention and hotel industry. 75% of a portion of the HOT collections are obligated to the operation of the Convention Center located in the Marriott.

15

Revenues

Estimated Tax Revenue 933,432$

Interest Income 4,403

Total Estimated Revenues 937,835$

Expenditures

Administrative Fee

Estimated Administrative Fee (5% Tax Revenues) 46,672$

Service Payments

Completed Homes (as of 9/30/16) - 631 homes x $250 157,750$

Completed Homes (current FY) - 42 homes x $250 10,500$

Estimated New Homes for FY 2017 - 10 homes x $250 2,500$

Total Estimated Service Payments 170,750$

Operating Expenditures

Legal Services

First Quarter 468$ 2

Second Quarter 20$ 2

Third Quarter 59$ 3

Fourth Quarter

Total Legal Services 546$

Other Operating Expenditures

Total Other -$

Total Operating Expenditures 546$

TIRZ Debt Service Payments

Debt Payment Due - February 1, 2016 132,514$

Debt Payment Due - August 1, 2016 121,696$

Total Annual Debt Payments 254,210$

Total Estimated Expenditures 472,178$

Net Income (Loss) 465,656$

Prior Year Fund Balance 615,685$

2 Approved by Board - 5/24/17 Estimated September 30, 2017 Fund Balance 1,081,342$

3 Pending Approval by Board

Pflugerville TIRZ #1 (Falcon Pointe TIRZ)

Fiscal Year 2017 Financial Report

as of June 30, 2017

1 Valuation adjustments may occur throughout the year as

protests outstanding at the time of certification are resolved.

Appraised Value (as of Jan. 1, 2016) 178,824,031$

Valuations Adjustments1

-$

Base Value (5,934,138)$

Captured Appraised Value 172,889,893$

Tax Rate (per $100 valuation) 0.5399

Tax Levy 933,433$

Valuation Recap

16

Account Name Description Balance

Sorento

Infrastructure

Infrastructure fees from the developer to be used for

improvements to roadways near the development (including

Pecan Street, Weiss Lane).

69,600$

Regional Detention Detention fees from various developers to construct regional

detention improvements.

156,807$

Parkland Parkland Development Fees and fees in-lieu of parkland

dedication from developers. A portion of these funds are

obligated for: Stonehill Park ($172,500), Pfluger Park

Restroom ($95,000), Trail Gap Project ($145,000) and

Gilleland Trail ($125,000).

729,495$

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

Lane roadway construction project.

117,720$

Traffic

Improvements

Funds received from developers as outlined in Traffic Impact

Analysis (TIA) Reports to be used for future traffic

improvements. A portion of these funds ($182,000) may be

allocated to the Weiss Lane roadway project.

312,836$

Sidewalk Fees collected from developers to construct sidewalks. A

portion of these funds ($66,000) may be allocated to the

sidwalks associated with the Weiss Lane roadway project.

385,819$

Traffic Signal

Springbrook Apts

Funds received from developer for future traffic signals as

identified by TIA.

18,900$

Pfennig Lane/

WalMart

Funds received from WalMart in FY 2006 per agreement for

improvements to Pfennig Lane.

10,000$

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.

69,666$

Weiss Lane Escrow

Travis County

Travis County funds for the county's share of the Weiss Lane

roadway project, disbursed as project is completed.

6,578,859$

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.

2,812,322$

Project North

Reimbursement

Account

Funds will be used to pay for professional fees incurred in

relation to Project North up to a maximum of $150,000.

31,392$

Escrow Funds Summaryas of June 30, 2017

17

executive summary for the quarter ended 6/30/2017 fiscal

Documents