HomeMy WebLinkAbout05-Financial SummaryFinancial
Summary
18
City Operations by Fund
GENERAL
FUND
SPECIAL
REVENUE
FUND
INTERNAL
SERVICE
FUND
OTHER
ENTERPRISE
FUND
WATER
SERVICES
FUND
ELECTRIC
FUND
Tourism
Electric Operations
AMR
Wastewater Collection
Reuse Irrigation
Water Distribution
Sanitation Contract
Stormwater Drainage
Airport Operations
CVB
Main Street
Fleet Management
Information Technology
Facilities Maintenance
Joint Services
Facilities Maintenance
Economic Development
Accounting
F & A Administration
GUS Administration
Purchasing
Systems Engineering
Legal Contracts
Utility Office
Municipal Court
City Council
Inspection Services
City Manager's Office
Recreation
Public Library
Parks
Planning & Development
Police
Streets
Fire
This chart represents the City’s
operational departments by fund. It is
intended to help the budget user
understand the City’s organizational
structure and its related funding sources.
02/03
Actual
03/04
Amended
Budget
03/04
Projected
Actual
04/05
Proposed
Budget
05/06
Projected
Budget
Property Taxes 6,628,740 7,139,000 7,095,000 8,274,000 8,908,000
Sales Taxes 4,222,023 5,500,000 5,217,000 5,433,000 6,710,000
Bond Proceeds 6,825,000 8,395,000 9,787,899 6,350,000 9,408,600
Charges for Services 8,402,579 8,971,533 8,809,570 9,386,252 9,321,570
Capital Recovery Fees 432,756 330,000 330,000 380,000 650,000
Service Improvement Fees 2,274,786 2,274,795 2,274,795 2,274,795 2,274,795
Utility Revenue 43,767,778 47,794,986 50,170,617 53,335,970 55,042,060
Grants 160,251 793,910 206,090 1,799,107
Interest 681,001 392,666 602,456 399,098 403,119
Fund Balance Used (3,775,982) 7,283,418 (1,551,475)6,389,492 (3,444,989)
Other Revenue 11,306,037 10,376,552 10,160,242 13,336,121 11,671,256
Interfund Transfers 5,507,093 5,739,014 7,153,548 6,488,294 5,918,271
TOTAL REVENUES 86,432,062 104,990,874 100,255,742 113,846,129 106,862,682
Budgeted Revenues
2004-2005
Property Taxes
Sales Taxes
Bond Proceeds
Charges for Services
Capital Recovery Fees
Service Improvement Fees
Utility Revenue
Grants
Interest
Fund Balance Used
Other Revenue Interfund Transfers
24
02/03
Actual
03/04
Amended
Budget
03/04
Projected
Actual
04/05
Proposed
Budget
05/06
Projected
Budget
Georgetown Utility Systems 16,511,886 18,829,217 18,086,000 20,055,491 20,452,978
Purchased Power (GUS) 17,573,680 18,600,000 20,615,000 22,612,500 23,377,500
Community Development 1,871,968 1,944,290 1,932,891 2,041,288 2,018,152
Finance & Administration 7,370,725 8,244,516 8,074,380 8,438,507 8,514,377
Fire Services 3,632,727 3,474,258 3,413,032 3,907,640 3,806,973
Management Services 6,199,175 7,394,647 7,073,443 7,693,217 7,032,255
Community Services 3,867,071 4,560,795 4,495,074 4,502,415 4,364,402
Police Services 5,166,773 5,484,680 5,436,341 5,831,895 5,825,972
Capital Improvements 12,187,810 23,098,650 16,692,164 23,167,279 15,450,371
Debt Payments 6,543,154 7,620,807 7,283,869 9,107,603 10,101,431
Interfund Charges & Transfers 5,507,093 5,739,014 7,153,548 6,488,294 5,918,271
TOTAL BUDGET 86,432,062 104,990,874 100,255,742 113,846,129 106,862,682
Budgeted Expenses
2004-2005
Georgetown Utility Systems
Purchased Power (GUS)
Community Development
Finance & AdministrationFire Services
Management Services
Community Services
Police Services
Capital Improvements
Debt Payments
Interfund Charges & Transfers
25
Amended Adopted
2003/04 Budget %2004/05 Budget %
Police Services 5,252,474 5.8% 5,684,127 5.8%
Streets 2,044,784 2.3% 1,827,599 1.9%
Electric 21,286,836 23.6% 25,769,530 26.3%
Economic Development 352,739 0.4% 345,150 0.4%
Water Services 7,610,742 8.4% 8,058,995 8.2%
Sanitation 2,479,930 2.7% 2,754,470 2.8%
Stormwater Drainage 347,547 0.4% 374,628 0.4%
Debt Payments 7,620,807 8.4% 9,107,603 9.3%
Airport 1,207,990 1.3% 1,280,628 1.3%
Fire Services 3,165,047 3.5% 3,574,343 3.6%
Management Svc-Others 1,154,742 1.3% 1,052,229 1.1%
Capital Improvements 23,098,650 25.6% 23,167,279 23.6%
Community Services 3,641,198 4.0% 3,600,473 3.7%
Community Development 1,711,629 1.9% 1,819,166 1.9%
Administration 9,389,012 10.4% 9,672,345 9.9%
Budget Total By Program 90,364,127 100.0% 98,088,565 100.0%
Interfund Transfers & Premiums 14,626,747 15,757,564
Program Budget
0 5,000,000 10,000,000 15,000,000 20,000,000 25,000,000 30,000,000
Police Services
Streets
Electric
Economic Development
Water Services
Sanitation
Stormwater Drainage
Debt Payments
Airport
Fire Services
Management Svc-Others
Capital Improvements
Community Services
Community Development
Administration
Amended 2003/04 Budget Adopted 2004/05 Budget
26
28
Property Tax Revenues
Taxable Property Values
0
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
99/00 00/01 01/02 02/03 03/04* 04/05* 05/06* 06/07* 07/08* 08/09*
0
500,000,000
1,000,000,000
1,500,000,000
2,000,000,000
2,500,000,000
3,000,000,000
99/00 00/01 01/02 02/03 03/04 04/05 05/06* 06/07* 07/08* 08/09*
General Fund Revenue
Debt Service
New & Annexed Property
Existing Property Values
*Projected
*Projected
29
Taxes:
Taxes are levied on January 1 of each year and are considered past due on February 1 of the
following year. Property tax roles are certified in July and the tax rate is adopted in September, along
with the budget. The City’s tax collector, currently the Williamson County Tax Collector, sends
statements in October to each taxpayer. In September 2004, voters approved a measure to freeze
property taxes for over 65 and disabled property owners. This measure “freezes” approximately 27%
of the City’s 2004/05 tax revenue.
Taxable Valuations:
4 New construction permits have ranged from 650 to 1,100 per year since 1996, with 866 permits
in 2003/04. Growth outlook on construction permits is expected at 780 for 2005, based on
information from builders, planned subdivisions within the City and anticipated commercial
development.
4 Values on existing property increased .8%, yet the average home value increased 2.8% over the
prior year. Prior to last year’s decline in value of 3%, due in part to the economic downturn of
2002/03, property values have historically shown an increase of 4-9% annually. Overall, total
assessed valuation was 6% greater than prior year.
4 2004/05 new values include $93 million in new construction and $26 million in annexed property.
Adopted Property Tax Rate for 2004/05 is $0.34626/$100 valuation:
4 Represents an 8.3% increase over the effective rate of $0.319736/$100 valuation.
4 Breakdown:
Maintenance and Operations (General Fund) $0.23294
Debt Service (payment on existing debt) $0.11332
Future Projections:
Assumptions for the forecasts of future years are based upon historical trends, expected build out of
planned subdivisions, and utility tap requests. Assumptions include:
4 6% growth in over 65 frozen revenue through 2009.
4 Continued new property growth of $100 million for 2006-09, as new retail properties are
added to the tax role, with a 2% annual increase in existing valuations.
4 No annexations are included.
4 Tax rates do not include additional debt for proposed $22 million bond issue to be considered
by voters in November 2004.
Fiscal Year 99/00 00/01 01/02 02/03 03/04 04/05 05/06* 06/07* 07/08* 08/09*
Property Tax Revenues:
(in thousands)
General Fund 2,919 3,260 3,814 4,456 4,885 5,564 5,687 5,801 5,917 6,035
Debt Service 1,867 1,906 2,204 2,173 2,210 2,710 3,221 3,285 3,351 3,418
Property Values:
(in millions)
Existing Property 1,313 1,519 1,804 2,024 2,130 2,272 2,317 2,364 2,411 2,459
New & Annexed 114 110 135 167 92 120 100 100 100 100
Property
Tax Rates
Per $100 - taxable 0.340 0.314 0.307 0.303 0.322 0.346 0.375 0.391 0.375 0.382
valuation
*Projected reflects impact of over 65 Tax Freeze Effective 2004/05
30
The City receives 1.75% of the 8% sales and uses taxes that are remitted by retailers within the City limits. Of this
amount, 1% is used for general operating purposes, .5% is used for transportation improvements through the
Georgetown Transportation Enhancement Corporation (GTEC) which is the City’s 4B Economic Development
Corporation, and .25% is used for street maintenance. The remaining 6.25% is collected and retained by the State of
Texas.
The City’s sales tax base is diverse, with revenues being generated by national grocery and other retailers, building
supply stores, utilities, etc. The heavy residential growth over the past few years has also created a demand for more
restaurants and other retailers, which have expanded the City’s tax base. Sales tax has increased slightly over the past
few years due to an increase in new retail developments within the City, such as Walgreens, a second HEB grocery, and
a new Rivery Towne Shopping Center, which includes Home Depot and Superwalmart.
Future projections are based on the following assumptions:
4 2004/05 includes full build out of the Rivery Towne Center development, along with the initial phase of the
Wolf Ranch development, a 750,000 sq. foot Simon property, expected to open in summer 2005.
4 The City’s development agreement with Simon includes a sales tax rebate of 52% of General operating sales
tax revenue. The increase projected in 2005/06 is net of the rebate.
4 Revenues past 2005/06 are projected conservatively, increasing 1.5% annually.
Sales Tax Revenue - 1% General Operating
$3.42M
$3.53M
$3.45M
$3.72M
$4.17M
$4.30M*
$5.30M*
$5.38M*
$5.46M*
$5.54M*
$0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000
99/00
00/01
01/02
02/03
03/04*
04/05*
05/06*
06/07*
07/08*
08/09*
*Projected
32
Electric Revenue
Water Services Revenue - Water
$21.2m
$24.8m $23.7m
$26.3m
$31.4m
$32.9m $33.9m $35.2m $36.7m $38.1m
$0
$5,000,000
$10,000,000
$15,000,000
$20,000,000
$25,000,000
$30,000,000
$35,000,000
$40,000,000
$45,000,000
99/00 00/01 01/02 02/03 03/04* 04/05* 05/06* 06/07* 07/08* 08/09*
$12.4m$11.9m
$11.4m$10.9m
$10.6m
$10.0m
$9.4m
$9.0m$8.0m
$8.0m
$0
$2,000,000
$4,000,000
$6,000,000
$8,000,000
$10,000,000
$12,000,000
$14,000,000
99/00 00/01 01/02 02/03 03/04* 04/05* 05/06* 06/07* 07/08* 08/09*
*Projected
*Projected
33
Utility Revenues:
The revenue shown include tap or hookup fees. Developer contributions, such as capital recovery or impact fees
and interest are presented elsewhere.
Generally, utility revenue projections are based on five-year forecasting models for each utility. The City prepares
a financial model of each utility, forecasting revenues, expected infrastructure needs and other expected
expenses. The models are prepared based upon assumptions regarding customer growth, the City’s five and ten
year capital improvements plans, forecasted increases in costs, including personnel, and historical data. The
models serve as a planning tool to forecast the ability to pay cash for infrastructure, anticipate debt needs for the
upcoming five to ten year period, as well as, predict rate increases for the customer.
Electric and Water Revenues:
4 Calculated on a four-year rolling average of per capita consumption in order to hedge against
variations in weather conditions.
4 Growth estimates are based upon building permits, expected build out of subdivisions and other
planning and development activity.
4 Assumes a 4.5% customer growth for Electric through the next five, as the City’s southern electric
service area is developed. (historical average is 6-7%)
4 Assumes a 5% customer growth for Water for the next five years. (historical average is 6-7%)
The City continues to be proactive in planning for regional water needs. The City has signed additional
agreements with Brazos River Authority to ensure future water needs are met. Major treatment and system
expansions will be made as growth occurs and are included in the 5-year capital improvement schedule.
Wastewater Revenues:
4 Based on average monthly billings adjusted for customer growth.
4 Assumes a 5% customer growth over the next five years. (historical average is 5-6%)
4 Includes a volumetric rate increase from $2.95 to $3.10 per 1,000 gallons of water billed for 2003/04,
and an additional volumetric rate increase from $3.10 to $3.25 per 1,000 gallons of water billed for
2004/05 to 2008/09.
Water Services Revenue - Wastewater
$7.7m
$7.3m$7.0m
$6.7m
$6.3m
$5.7m
$5.2m
$4.7m$4.8m
$4.4m
$0
$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
99/00 00/01 01/02 02/03 03/04* 04/05* 05/06* 06/07* 07/08* 08/09*
*Projected
34
Service Improvement Fees:
These fees are collected from Del Webb and Escalara Ranch on a per unit basis to offset costs of infrastructure
improvements to the serve the development. The fees, similar to impact fees, are collected for water, wastewater,
streets and public safety improvements as part of the development agreement. The Escalara Ranch fee is $3,391
per unit as the build out continues. The Del Webb fees were adjusted as part of the seventh amendment to the
development agreement executed in 2003. The new Del Webb fees are $8,123.50 per unit for 300 units from 2003
through 2009.
Impact Fees:
In 1996, the City adopted water and wastewater impact fees under Chapter 395 of the Texas Local Government
Code. These revenues are used as partial funding for qualifying water and wastewater infrastructure projects. The
fees were updated in 2003, through a study prepared by an Impact Fee Advisory Committee, to reflect changes in
the City’s five and ten year Capital Improvements Plans, the Future Land Use Plan, and updated construction costs.
The fees were adjusted from $1,425 per unit for water and wastewater, to $4,165. The increase in revenue is not
expected to be measurable until 2004/05, once the current inventory of grandfathered lots are reduced.
Capital Recovery Fee Revenue
Fiscal Year 99/00 00/01 01/02 02/03 03/04* 04/05* 05/06* 06/07* 07/08* 08/09*
Service Improvement Fees:
Water 747 762 610 1,434 1,434 1,434 1,434 1,434 1,434 1,434
Wastewater 386 363 373 671 671 671 671 671 671 671
Total (thousands)1,133 1,125 983 2,105 2,105 2,105 2,105 2,105 2,105 2,105
Impact Fees:
Water 495 795 337 433 330 380 650 750 950 950
Wastewater 329 594 244 291 275 325 630 841 841 841
Total (thousands)824 1,389 581 724 605 705 1,280 1,591 1,791 1,791
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
$3,500,000
$4,000,000
$4,500,000
99/00 00/01 01/02 02/03 03/04* 04/05* 05/06* 06/07* 07/08* 08/09*
Service Improvement Fees
Impact Fees
*Projected
35
Sanitation Revenue:
Sanitation revenue includes fees collected for curbside garbage pick-up, including recycling and special pick-
ups. Growth in the City’s customer base continues to be steady, mirroring the City’s growth rate. The City
contracts with Texas Disposal Systems for garbage service. A $0.45 monthly rate increase for residential
garbage service and a 5.6% in commercial service is included for 2004/05.
Airport Revenue:
Airport revenue consists primarily of fuel sales, T-hangar rentals and tie-down fees. A 63-space T-hangar
was completed in January 2000, to accommodate demand for hangar rental space, therefore increasing
revenue. Fuel sales have also increased significantly, increasing revenue to the fund.
Stormwater Drainage Revenue:
Revenue for stormwater drainage is collected on a per unit basis to pay for maintenance of drainage,
detention and filtration infrastructure and to pay for the debt service on bonds issued for major capital
drainage improvements. A $0.50 per unit rate increase is included for 2004/05 which funds regional
stormwater planning. The rate of $4.25 per unit also provides $300,000 annually for capital maintenance
to correct drainage problems in the City.
Other Enterprise Fund Revenues
Fiscal Year 96/97 97/98 98/99 99/00 00/01 01/02 02/03 03/04* 04/05* 05/06*
(in thousands)
Stormwater Drainage 327 461 616 668 698 885 1,196 1,272 1,535 1,589
Airport 603 596 724 1,324 1,449 1,431 1,451 1,558 1,638 1,638
Sanitation 1,507 1,680 1,910 2,089 2,362 2,500 2,744 2,830 3,185 3,273
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
$3,500,000
96/97 97/98 98/99 99/00 00/01 01/02 02/03 03/04* 04/05* 05/06*
Sanitation
Airport
Stormwater Drainage
*Projected
36
Interest Income:
The Federal Reserve lowered interest rates over the past year, thus lowering projected interest revenue.
Projections are based on anticipated cash balances from contingency reserves, bond proceeds invested
through the life of construction projects and fund balances, as well as, continued existing market conditions.
Grant Revenue:
The City receives grants for a variety of purposes. Council approves all grant applications. The City budgets
for grants that have been approved and awarded by the granting agency. Grant revenue peaked in 1997 and
1998 due to a high number of grants for economic development, parks improvements and law enforcement.
Grant revenue in 1999/00 included money received to partially fund the Airport terminal building construction.
Grant revenue for 2004/05 is $1,799,107, which consists of a Victim Services Grant for $30,000, a construction
and design grant for a new airport control tower for $1,100,000, a fire and weather safety training grant for
$44,058 and a Police traffic enforcement grant for $35,049. Also included is $500,000 from Texas Parks and
Wildlife, and $90,000 from Lower Colorado River Authority (LCRA) for a park improvement grants previously
awarded in 2003/04.
Miscellaneous Revenue:
Revenues not falling into another category are classified as miscellaneous revenue. This source of funding
is expected to rise due to fee increases, including building permits, fines, parks fees, recreation charges and
other user fees. Surplus property sales and donations are also included in this category.
Franchise Fee Revenue:
The City receives revenue from franchise fees. These fees are paid by the City and outside utilities for use of
rights of way and public properties and are collected to offset the cost of street maintenance. Increases in
revenue are predicted to mirror the City’s growth rate.
Other Miscellaneous Revenues
Fiscal Year 97/98 98/99 99/00 00/01 01/02 02/03 03/04* 04/05* 05/06*
(in thousands)
Interest Income 1,296 1,653 1,962 1,903 1,192 681 602 399 403
Grant Revenue 1,184 308 945 307 472 160 206 1,799 -
Miscellaneous Revenue 4,053 2,783 3,208 4,133 4,173 5,071 5,139 5,280 5,635
Franchise Fees 974 1,052 1,388 1,379 1,489 1,580 1,903 1,981 2,061
$0
$1,000,000
$2,000,000
$3,000,000
$4,000,000
$5,000,000
$6,000,000
96/97 97/98 98/99 99/00 00/01 01/02 02/03 03/04* 04/05* 05/06*
Miscellaneous Revenue
Franchise Fees
Grant Revenue
*Projected
Interest Income
38
All Funds Summary
(1) Includes Airport, Sanitation, and Stormwater Drainage.
(2) Includes debt service payments on bonds issued on behalf of the Georgetown Transportation Enhancement Corporation
(GTEC) and are offset by transfer from GTEC of dedicated sales tax revenue.
.
General General
Special Capital Debt
Total General Revenue Projects Service
Budget Fund Funds Funds Fund
Beginning Fund Balances / 18,904,581 4,370,172 698,501 266,288 729,794
Working Capital
SOURCES & REVENUES:
Property taxes 8,274,000 5,564,000 2,710,000
Sales taxes 5,433,000 4,300,000 1,133,000
Bond Proceeds 6,350,000 1,900,000
Charges for Services 9,386,252 890,843
Capital Recovery Fees 380,000
Special Improvement Fees 2,274,795 16,800
Utility Revenues 53,335,960
Grants 1,799,107 699,107
Interest 399,098 35,000 17,928 17,991 15,000
Other Revenue 13,336,121 4,816,225 663,034 800,000 1,004,153 (2)
Interfund Transfers - Return on Investment 6,488,294 4,675,500 101,120 313,165 103,731
Total Revenues 107,456,627 20,281,568 2,614,189 3,047,956 3,832,884
USES & EXPENSES:
Georgetown Utility Systems 20,055,491 1,975,792
Purchased Power 22,612,500
Community Development 2,041,288 2,002,900 38,388
Finance & Administration 8,438,507 289,274 101,150
Fire Services 3,907,640 3,656,148 251,492
Management Services 7,693,217 2,869,982
Community Services 4,502,415 3,858,311 644,104
Police Services 5,831,895 5,692,006 139,889
Capital Improvements 23,167,279 1,870,000 2,444,285
Debt Payments 9,107,603 3,843,828 (2)
Interfund Transfers 6,488,294 357,785 131,688 741,600
Total Uses & Expenses 113,846,129 20,702,198 3,176,711 3,185,885 3,843,828
Ending Fund Balance / 12,515,079 3,949,542 135,979 128,359 718,850
Working Capital
RESERVATIONS:
Contingency 9,300,000 3,930,000 75,000
Capital Projects/Other 3,013,880 60,979 128,359 718,850
Available Fund Balance/ 201,199 19,542 0 0 0
Working Capital
39
All Funds Summary
Other Internal
Electric Water Enterprise Service
Fund Fund Funds(1) Funds
Beginning Fund Balances / 4,523,032 7,432,710 548,243 335,841
Working Capital
SOURCES & REVENUES:
Property taxes
Sales taxes
Bond Proceeds 525,000 3,500,000 425,000
Charges for Services 8,495,409
Capital Recovery Fees 380,000
Special Improvement Fees 2,257,995
Utility Revenues 32,500,000 16,116,260 4,719,700
Grants 1,100,000
Interest 45,479 126,900 10,300 130,500
Other Revenue 1,382,057 2,862,600 1,788,052 20,000
Interfund Transfers - Return on Investment 1,294,778
Total Revenues 34,452,536 25,243,755 8,043,052 9,940,687
USES & EXPENSES:
Georgetown Utility Systems 5,400,483 10,447,282 843,177 1,388,757
Purchased Power 22,612,500
Community Development
Finance & Administration 2,984,128 5,063,955
Fire Services
Management Services 1,362,028 3,461,207
Community Services
Police Services
Capital Improvements 4,472,797 12,438,875 1,941,322
Debt Payments 1,334,325 3,441,825 487,625
Interfund Transfers 2,829,900 1,843,640 383,700 199,981
Total Uses & Expenses 36,650,005 28,171,622 8,001,980 10,113,900
Ending Fund Balance / 2,325,563 4,504,843 589,315 162,628
Working Capital
RESERVATIONS:
Contingency 2,245,000 2,750,000 300,000
Capital Projects/Other 1,695,544 247,520 162,628
Available Fund Balance/ 80,563 59,299 41,795 0
Working Capital
40
General Fund
Fund Description:
The General Fund is used to account for resources traditionally associated with government which are not required
legally or by sound financial management to be accounted for in another fund.
03/04 04/05 05/06
02/03 03/04 PROJECTED ADOPTED ESTIMATED
ACTUAL BUDGET ACTUAL BUDGET BUDGET
Beginning Fund Balance 2,756,442 3,132,729 3,324,965 4,370,172 3,949,542
REVENUES:
Property Taxes 4,455,824 4,929,000 4,885,000 5,564,000 5,687,000
Sales Taxes 3,721,898 4,400,000 4,172,000 4,300,000 5,300,000
Interest 65,039 35,500 49,485 35,000 35,000
Administrative Charges 762,433 809,576 856,120 890,843 890,843
All Other Revenue 4,388,544 4,471,325 4,658,962 4,816,225 4,972,425
Return on Investment 3,811,635 4,204,800 4,411,400 4,675,500 4,627,400
Transfers In 850,000 1,225,000 (1)
Total Revenues 18,055,373 18,850,201 20,257,967 20,281,568 21,512,668
EXPENSES:
Georgetown Utility Systems 1,655,719 2,002,924 1,944,940 1,975,792 1,988,261
Community Development 1,858,752 1,912,872 1,893,609 2,002,900 1,988,252
Finance & Administration 211,732 249,035 248,852 289,274 288,849
Fire Services 3,028,282 3,281,394 3,281,032 3,656,148 3,702,173
Management Services 982,847 1,484,551 1,318,067 1,420,774 1,238,703
Community Services 3,395,253 3,744,695 3,744,695 3,858,311 3,858,311
Police Services 5,056,587 5,321,125 5,304,556 5,692,006 5,799,432
Administrative Expense 1,284,674 1,367,833 1,345,348 1,449,208 1,442,908
Transfers Out 13,004 131,661 131,661 357,785 103,840
Total Expenses 17,486,850 19,496,090 19,212,760 20,702,198 20,410,729
Ending Fund Balance 3,324,965 2,486,840 4,370,172 3,949,542 5,051,481
RESERVATIONS:
Contingency 2,325,000 2,450,000 3,675,000 3,930,000 3,930,000
Available Fund Balance 999,965 36,840 695,172 19,542 1,121,481
(1) Contingency reserve reallocation
41
Significant Issues/Comments:
4 Funds for street maintenance total $825,000 and include overlay ($100,000), seal coat ($50,000), unscheduled
street repairs ($125,000), curb repairs ($75,000), sidewalk repairs ($75,000), and micro-surfacing of existing
streets ($200,000) are included in the 2004/05 Georgetown Utility System, Street Department budget.
4 The first phase of an initiative to improve emergency response levels through increased staffing is included
in the 2004/05 budget. Funding includes $422,341 for additional personnel and equipment in Police and
$196,047 in Fire.
4 Phase III of the Public Safety compensation plan is funded in the 2004/05 budget, including $52,200 for police
incentive pay and $75,000 for pay scale adjustments in Fire. The scheduled pay scale step increases in both
Fire and Police are also funded.
4 The second phase of the Downtown Master Plan implementation is partially funded in Management Services.
This includes signage and capital improvements designed to enhance the beauty and economic viability of
the downtown shopping area. The construction projects related to the Downtown Master Plan are described
in the Capital Improvements section of this document and funded through the General Capital Improvement
Fund.
4 Expansion of the Library hours of operations is funded for 2004/05 including additional personnel and
equipment.
4 Contingency reserves were reallocated in 2004 to ensure a 90-day reserve in the General Fund. This was
increased from the previous policy of 60 days to address the City’s increased reliance on a volatile revenue
source, sales tax.
Fiscal Year 2004/05
Revenues
Admin Charges
4%
Interest &
Other
23%
Property Taxes
27%
Fund Balance
2%
Tfr In - Return
on Inv.
23%
Sales Taxes
21%
Expenditures
GUS
10%Comm Dev
10%
F&A
1%
Fire Svcs
18%
Mgt Svcs
7%Comm Svcs
19%
Police Svcs
26%
Transfers Out
2%Admin Exp
7%
42
Electric Fund
Fund Description:
The Electric Fund is used to account for the revenues from all operating and maintenance activities of the
utility and the expenses of the departments, which support those activities. This includes the Electric
department, the Automated Meter Reading (AMR) Department, purchased power costs, debt payments and
capital projects. The fund also makes transfers out to the General Fund for the City’s return on investment for
the Electric utility.
03/04 04/05 05/06
02/03 03/04 PROJECTED ADOPTED ESTIMATED
ACTUAL BUDGET ACTUAL BUDGET BUDGET
Beginning Working Capital 5,129,263 4,776,015 3,548,275 4,523,032 2,325,563
REVENUES:
Electric Services 25,916,557 27,850,186 31,000,000 32,500,000 33,500,000
Bond Proceeds 563,000 1,450,000 1,474,400 525,000 3,950,000
Interest 68,543 45,479 45,479 45,479 45,479
All Other Revenue 1,346,947 1,244,031 1,319,281 1,382,057 1,345,582
Total Revenues 27,895,047 30,589,696 33,839,160 34,452,536 38,841,061
EXPENSES:
Georgetown Utility Systems 4,213,898 4,750,225 4,773,012 5,400,483 5,384,083
Purchased Power 17,573,680 18,600,000 20,615,000 22,612,500 23,377,500
Capital Projects 3,490,383 4,967,500 2,544,840 4,472,797 5,630,121
Debt Payments 1,108,015 1,285,269 1,181,364 1,334,325 1,619,510
Transfers Out 3,090,059 2,471,900 3,735,100 (1)2,829,900 2,772,000
Total Expenses 29,476,035 32,074,894 32,849,316 36,650,005 38,783,214
Ending Working Capital 3,548,275 3,290,817 4,538,119 2,325,563 2,383,410
RESERVATIONS:
Contingency 3,100,000 3,250,000 2,250,000 2,245,000 2,245,000
Available Working Capital 448,275 40,817 2,288,119 80,563 138,410
(1) Contingency reserve reallocation to General Fund
43
Significant Issues/Comments:
4 Purchased power costs fluctuate with the variances in the fuel surcharge implemented by the Lower
Colorado River Authority, the City’s wholesale supplier. This surcharge is passed along to the City’s
customers as a pass-through charge. Power costs have increased significantly over prior years due to
the increased cost of natural gas.
4 Capacitor additions, sectionalizing equipment and other on-going maintenance related costs were
moved from capital improvements to the operating department in 2005.
4 The Electric and Water funds share the maintenance of the City’s automated meter reading system.
4 Capital projects are funded through operating revenues and debt when necessary. In 2005, $2.3 million
of operating revenues and $525,000 of bond proceeds fund the annual capital projects plan.
4 Transfers out include the 8% return on investment to the General Fund, as well as transfers to the Fleet
Fund for new program equipment.
4 $1,000,000 of on-hand contingency reserves was reallocated to the General Fund in 2003/04.
Fiscal Year 2004/05
Revenues
Electric
Services
89%
Fund
Balance
6%
Bond
Proceeds
1%Interest &
Other
4%
Expenses
Operating
15%
Purchased
Power
61%
Transfers
8%
Capital
Projects
12%
Debt
Payments
4%
44
Water Services Fund
Fund Description:
The Water Services Fund is used to account for the revenues from all operating and maintenance activities
for water, wastewater and irrigation utilities. Expenses also include debt payments, capital costs and the
transfers out to the General Fund for the City’s return on investment. Each utility service type is tracked
separately for rate design purposes to ensure rates are charged to fully recover operational costs.
03/04 04/05 05/06
02/03 03/04 PROJECTED ADOPTED ESTIMATED
ACTUAL BUDGET ACTUAL BUDGET BUDGET
Beginning Working Capital 442,919 6,347,771 7,016,339 7,432,710 4,504,843
REVENUES:
Water Services 8,814,789 9,817,936 9,400,000 9,836,000 10,100,000
Wastewater Services 4,929,302 5,601,200 5,449,503 5,995,360 6,295,030
Irrigation Services 166,751 347,157 219,700 284,900 284,900
Bond Proceeds 6,075,514 5,375,000 5,465,632 3,500,000 650,000
Capital Recovery Fees 432,756 330,000 330,000 380,000 650,000
Special Improvement Fees 2,261,386 2,257,995 2,257,995 2,257,995 2,257,995
Interest 195,888 127,125 219,312 126,900 126,900
All Other Revenue 2,172,971 1,488,860 1,546,880 2,862,600 1,820,600
Total Revenues 25,049,357 25,345,273 24,889,022 25,243,755 22,185,425
EXPENSES:
Georgetown Utility Systems 8,448,737 9,916,613 9,381,597 10,447,282 10,898,079
Capital Projects 5,755,320 13,526,250 10,139,634 12,438,875 4,379,250
Debt Payments 2,695,791 3,421,758 3,192,420 3,441,825 3,715,095
Transfers Out 1,576,089 1,586,100 1,759,000 1,843,640 1,435,100
Total Expenses 18,475,937 28,450,721 24,472,651 28,171,622 20,427,524
Ending Working Capital 7,016,339 3,242,323 7,432,710 4,504,843 6,262,744
RESERVATIONS:
Contingency 2,745,000 2,925,000 2,700,000 2,750,000 2,750,000
Service Improvement Fees 227,850 389,312 922,144 1,850,704
Future Capital Improvements (1) 773,400 656,300
Available Working Capital 4,271,339 89,473 4,343,398 59,299 1,005,740
(1) Includes Water Conservation revenue dedicated to future water plant expansions.
45
Significant Issues/Comments:
4 Water supply is provided through agreements with the Brazos River Authority. BRA expenses will
increase due to the scheduled 15% increase in raw water cost, as well as principal and interest
payments and operational cost for the Williamson County Raw Water Line, which became operational
in 2003.
4 Treatment costs have increased substantially due to the opening of the Pecan Branch Wastewater
Treatment Plant and the expansion of the Lake Water Treatment Plant.
4 Testing of wastewater lines, previously funded in the capital programs, will be brought in-house in
2004/05. Savings in contracted expenses fund two staff positions for this program. A camera truck will
also be purchased to fulfill this on-going mandate.
4 A water services apprentice will be added to address increased demands on the water line locate
service.
4 Capital projects are funded through operating revenues, service improvement fees, impact fees and debt
when necessary. 2004/05 Capital Improvements Plan includes a debt issue for expansion of the Dove
Springs Wastewater Treatment Plant.
4 Wastewater rates were adjusted from $3.10 to $3.25 per 1,000 gallons of water used to fund on-going
repairs for the Edwards Aquifer inflow and infiltration mandates.
Fiscal Year 2004/05
Revenues
Water
Services
36%
Wastewater
Services
21%
Irrigation
Services
1%
Interest &
Other
11%
Fund Balance
10%
Bond
Proceeds
12%
SIP & CR
Fees
9%
Expenses
Capital
Projects
44%
Debt
Payments
12%
Transfers
7%
Operating
37%
46
Airport Fund
Fund Description:
The Airport fund is used to account for revenues and expenses related to the operation and maintenance of
the Georgetown Municipal Airport. Capital improvements for the Airport and debt payments on outstanding
debt for the Airport fund are also accounted for here.
Significant Issues/Comments:
4 The Airport was awarded a Grant in 2003/04 from the Aviation Division of the Texas Department of
Transportation to assist in revising the Airport Master Plan Layout. The grant match was 10% at a cost
of $3,647 paid in the 2003/04 budget year.
4 The Airport was awarded a Federal Tower Grant for airport improvements that will be administered by
the Aviation Division of the Texas Department of Transportation. This grant will be used for the
engineering and construction of a new airport control tower and will be administered by the City and
reimbursed through TxDot. The grant funds 90% of the cost of the tower. The City will also be eligible
for the Federal Aviation Administration’s tower maintenance program, which will fund the costs to staff
the tower. The City will pay utility and building maintenance costs.
03/04 04/05 05/06
02/03 03/04 PROJECTED ADOPTED ESTIMATED
ACTUAL BUDGET ACTUAL BUDGET BUDGET
Beginning Working Capital 282,157 187,499 266,776 378,818 397,520
REVENUES:
Fuel & Terminal Sales 994,114 1,116,892 1,116,892 1,196,892 1,196,892
Leases & Rents 456,462 440,880 440,880 440,880 440,880
Interest 9,930 8,000 8,000 8,000 8,000
Grant 12,862 1,100,000
All Other Revenue 64,039 48,180 48,180 48,180 48,180
Total Revenues 1,537,407 1,613,952 1,613,952 2,793,952 1,693,952
EXPENSES:
Management Services 1,274,607 1,278,224 1,278,161 1,337,028 1,337,028
Capital Projects 76,796 1,247,222 25,000
Debt Payments 201,385 223,749 223,749 191,000 190,650
Total Expenses 1,552,788 1,501,973 1,501,910 2,775,250 1,552,678
Ending Working Capital 266,776 299,478 378,818 397,520 538,794
RESERVATIONS:
Contingency 150,000 150,000 150,000 150,000 150,000
Future Capital Improvements 116,776 149,478 228,818 247,520 388,794
Available Working Capital 00 00 0
47
Sanitation Fund
Fund Description:
The Sanitation Fund is used to account for revenues from all operating and maintenance activities of the
utility and the expenses of the departments, which support those activities. Sanitation includes operating
costs for the City’s payment to a private contractor for solid waste disposal services, as well as contracted
costs for the City’s collection station for bulky waste disposal.
Significant Issues/Comments:
4 Rates for Sanitation services will increase by $0.45 or 3.6% for residential and 5-6% commercial, due
to contracted cost increases related to fuel, environmental mandates, and other fixed costs. This rate
increase is offset with increased contract expense.
4 Increased advertising for the recycling program and implementation of a Household Hazardous Waste
program are planned for 2004/05.
4 Increased funding for advertising to promote curbside recycling is included in the 2004/05 budget. The
City is currently pursuing options to upgrade our current collection station to a transfer station to
expand recycling opportunities on-site.
03/04 04/05 05/06
02/03 03/04 PROJECTED ADOPTED ESTIMATED
ACTUAL BUDGET ACTUAL BUDGET BUDGET
Beginning Working Capital 66,020 31,556 23,319 14,835 26,707
REVENUES:
Sanitation Services 2,744,373 2,850,400 2,829,900 3,185,200 3,273,200
All Other Revenue 47,094 41,150 44,100 69,100 70,100
Total Revenues 2,791,467 2,891,550 2,874,000 3,254,300 3,343,300
EXPENSES:
Finance & Administration 2,610,851 2,655,907 2,620,584 2,952,128 3,031,178
Hazardous Waste Clean-up 29,100 32,000 32,000 34,000
Transfers Out 223,317 231,300 229,900 258,300 265,500
Total Expenses 2,834,168 2,916,307 2,882,484 3,242,428 3,330,678
Available Working Capital 23,319 6,799 14,835 26,707 39,329
Available Fund Balance 23,319 6,799 14,835 26,707 39,329
48
Stormwater Drainage Fund
Fund Description:
The Stormwater Fund is used to account for all operating and maintenance activities of the City’s drainage
system and the debt payments for bonds issued in past years to improve drainage problems.
Significant Issues/Comments:
4 Stormwater rates will increase $.50 to $4.25 per unit cost to address regional stormwater planning, as well
as capital improvement needed in the downtown and other areas.
4 City engineers have prepared a complete Regional Stormwater Drainage Master Plan (RSMP), which
outlines future capital improvements that are needed to improve drainage in the City. The City will be
adopting a new RSMP fee for this purpose as part of the Unified Development Code in early 2005 to fund
the infrastructure outlined in the plan.
03/04 04/05 05/06
02/03 03/04 PROJECTED ADOPTED ESTIMATED
ACTUAL BUDGET ACTUAL BUDGET BUDGET
Beginning Working Capital 224,686 314,642 284,741 154,590 165,088
REVENUES:
Stormwater Fees 1,196,006 1,328,107 1,271,514 1,534,500 1,588,930
Bond Proceeds 425,000
Interest (6,018) 1,292 2,300 2,300 2,300
All Other Revenue 13,126 16,050 33,000 33,000 33,000
Total Revenues 1,203,114 1,345,449 1,306,814 1,994,800 1,624,230
EXPENSES:
Georgetown Utility Systems 669,896 732,865 780,483 843,177 837,977
Capital Projects 54,332 400,900 297,646 719,100 250,000
Debt Payments 254,490 254,436 254,436 296,625 294,769
Transfers Out 164,341 107,500 104,400 125,400 129,800
Total Expenses 1,143,059 1,495,701 1,436,965 1,984,302 1,512,546
Ending Working Capital 284,741 164,390 154,590 165,088 276,772
RESERVATIONS:
Contingency 120,000 150,000 150,000 150,000 150,000
Available Working Capital 164,741 14,390 4,590 15,088 126,772
49
General Capital Projects Funds - Summary 2004/05
Fund Description:
Capital projects funds are used to account for the acquisition and construction of major capital facilities and
equipment other than those financed by Special Revenue (grants) and Enterprise Funds (i.e. utilities and
airport).
Facilities and Parks Capital Projects Funds:
4 Includes funds for the implementation of the City’s facilities construction plan. This plan includes
purchasing the Williamson County Appraisal District Building, improving the Downtown Parking Lot
purchased in 2004, designing and relocating Fire Station #1, constructing a Community Room at the
new Parks Administration facility, and replacing and repairing the roof at the Grace Heritage Center.
A park development on the West side of the City is also included, as well as improvements to San
Gabriel Park.
Streets Capital Projects Fund:
4 Includes revenues from the various transportation fees received by the City through development
agreements. Projects to be constructed with existing funding sources are included in the City’s five-
year capital improvement program. 2004/05 does not include any current year projects.
4 Transportation projects to be funded through the additional ½ cent sales tax approved in May 2001,
are determined by the Georgetown Transportation Enhancement Corporation (GTEC), the City’s “4B”
economic development corporation which oversees this revenue. The board of GTEC is appointed
by the City Council and its budget is approved annually by Council. Although GTEC is a separate
entity from the City, a copy of the GTEC budget is included in the reference section of this document.
Public Safety Capital Projects Fund:
4 Includes funds for the public safety vehicle replacement program and adding patrol laptops to the
vehicles. These costs are funded with short- term debt obligations in 2005.
FACILITIES & STREETS GENERAL
PARKS PUBLIC SAFETY CAPITAL CAPITAL PROJECTS
PROJECTS PROJECTS PROJECTS TOTAL
Beginning Fund Balance 26,844 144,385 95,059 266,288
REVENUES:
Interest 15,991 2,000 17,991
Bond Proceeds 1,340,000 560,000 1,900,000
Service Improvement Fees 16,800 16,800
Other 800,000 800,000
Transfer In 333,165 333,165
Total Revenues 2,489,156 560,000 18,800 3,067,956
EXPENDITURES:
Debt Issuance Costs 55,225 12,785 68,010
Capital Projects 2,396,275 2,396,275
Transfers Out 50,000 691,600 741,600
Total Expenditures 2,501,500 704,385 0 3,205,885
Ending Fund Balance 14,500 0 113,859 128,359
Service Improvement Reservation 50,400 50,400
Available Fund Balance 14,500 0 63,459 77,959
50
Special Revenue Funds – Summary 2004/05
Fund Description:
Special revenue funds (SRF’s) are used to account for specific revenues that are legally restricted for
expenditures for particular purposes. The City uses these funds to track revenues and expenditures for:
• Grants • Donations
• Hotel Occupancy Tax (HOT)• Police seizures
• Parkland dedication fees • Street Maintenance Sales Tax
Significant Issues/Comments:
4 These funds vary significantly with the level of donation and grant activity for each year.
4 The ¼ cent Street Maintenance Sales Tax was approved by voters in November 2002. Funds may only
be spent on existing City streets. Projects for 2005 include:
• Main Street • Forest Street
• Ranch Road/Parkway • Morrow Street
• Maple Street • College & Ash Streets
• Vine, Laurel & Olive Streets
BEGINNING ENDING
FUND FUND
FUND DIVISION/SECTION BALANCE REVENUES EXPENDITURES BALANCE
Animal Services Fund Police Services 11,596 25,400 36,996 0
Cemetery Fund Community Services 25,361 48,139 73,500 0
Court Fee Fund Finance & Administration 70,350 40,800 111,150 0
Fire Billing for Service Fire Services 111,534 201,558 313,092 0
Library Donations Community Services 19,947 20,700 40,647 0
Main Street Facade Fund Community Services 14,583 15,300 29,883 0
Mapping Fund Community Development 11,738 31,738 43,476 0
Parks Restricted Community Services 82,983 79,950 162,933 0
River Corridors Grant Fund Community Services 0 590,000 590,000 0
Police Restricted Police Services 12,063 90,830 102,893 0
Street Maintenance Tax Georgetown Utility Systems 192,187 1,135,500 1,280,000 47,687
Tourism Fund Community Services 146,159 334,274 392,141 88,292
Total Special Revenue Funds 698,501 2,614,189 3,176,711 135,979
51
Internal Service Funds – Summary 2004/05
Fund Description:
Internal Service Funds are used to account for operations of the City that provide services to other departments
within the City, and are allocated to using department based on specific criteria which is reviewed annually.
Facilities Maintenance Fund:
Provides janitorial services, light maintenance, equipment repair and replacement (copiers, HVAC, etc.),
landscape maintenance, building repair and replacement (roofs, painting, carpet) on an established
schedule. Charges for services to each department are made based on predetermined lease fees.
Fleet Management Fund:
Provides vehicles, vehicle equipment and communications equipment to all using City departments, as
well as maintenance of all vehicles. Charges for services are based on annualized replacement and
maintenance costs of each vehicle.
Information Services Fund:
Provides computer hardware, software, training and staff support to all using City departments. Charges
are based on hardware and software replacements for each department.
Joint Services Fund:
Composed of departments providing administrative support to City funds and departments. GUS
Administration, Systems Engineering and Utility Office provide support to the City’s utility funds.
Administrative departments, including Accounting, Finance Administration, Human Resources and Safety,
and Purchasing and Properties provide support to all City funds and departments.
FACILITIES FLEET INFORMATION JOINT INTERNAL
MAINTENANCE MANAGEMENT SERVICES SERVICES SERVICES FUND
FUND FUND FUND FUND TOTAL
Beginning Working Capital 1,505 58,858 97,311 178,167 335,841
REVENUES:
Charges for Services 670,815 1,192,546 1,331,194 5,300,854 8,495,409
Interest & Other 7,000 23,000 17,500 83,000 130,500
Sale of Property 20,000 20,000
Interfund Transfers 938,340 116,438 240,000 1,294,778
Total Revenues 677,815 2,173,886 1,465,132 5,623,854 9,940,687
EXPENSES:
Georgetown Utility Systems 1,388,757 1,388,757
Finance & Administration 648,299 2,118,826 2,296,830 5,063,955
Management Services 1,505,524 1,955,683 3,461,207
Interfund Transfers 50,131 149,850 199,981
Total Expenses 648,299 2,118,826 1,555,655 5,791,120 10,113,900
Ending Working Capital 31,021 113,918 6,788 10,901 162,628