HomeMy WebLinkAbout03-Financial Summary 20
City Operations by Fund
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.
GENERAL
FUND
OTHER
ENTERPRISE
FUND
INTERNAL
SERVICE
FUND
WATER
SERVICES
FUND
ELECTRIC
FUND
SPECIAL
REVENUE
FUND
Community Dev Admin
Recreation
Transportation Admin
Environmental Services
Library
Municipal Court
City Council
Parks
City Manager's Office
Tourism
Electric Operations
AMR
Electric T & D
Water Distribution
Reuse Irrigation
Wastewater Collection
Airport Operations
Stormwater Drainage
Facilities Maintenance
Joint Services
Fleet Management
Information Technology
F & A Administration
GIS
Accounting
Economic Development
GUS Administration
Human Resources
Fire
Inspection Services
Streets
Housing
Police
Planning
Purchasing
Legal Contracts
Utility Office
Main Street
Systems Engineering
CVB
City Operations by Fund / by Division
This mat
City's opera
by fund /
intended t
user unders
organizati
related fundi
rix represents the
tional departments
by division. It is
o help the budget
tand the City's
onal structure and its
ng sources.G e n e r a l F u n d
S p e c i a l R e v e n u e
F u n d T o u r i s m
E l e c t r i c F u n d
W a t e r S e r v i c e s F u n d
O t h e r E n t e r p r i s e
F u n d
I n t e r n a l S e r v i c e
F u n d F l e e t M a n a g e m e n t
F a c i l i t i e s M a i n t e n a n c e
I n f o r m a t i o n T e c h n o l o g y
J o i n t S e r v i c e s F u n d
Community
Development
Code Enforcement Geographic
Information
Bldg Inspections Systems
(GIS)
Planning
Housing
Administration
Parks CVB
Recreation
Library
Municipal Facilities Administration
Court Management
Accounting
Fleet
Management Purchasing
Utility Office
Administration
Operations
Environmental Electric Water GUS
Services Operations Services Administration
Electric Wastewater Systems
T&D Services Engineering
SCADA / AMR Reuse
Irrigation
City Council Airport Information Human
Operations Technology Resources
City Manager's Economic
Office Development
Governmental Legal
Contracts
Main Street
Administrative
Services
Support
Services
Field
Operations
Animal
Services
Administration Stormwater
Drainage
Streets
Community
Development
Community
Services
ance and
istration
Fire
town Utility
Systems
Management
Services
Police
Transportation
Fin
Admin
George
22
Budgeted Revenues
2008/2009
07/08
Amended
06/07 Actual Budget
P d
Actual
P
Budget
Estimated
Budget
1 1 1 1 1
ees
venue 6 8 8 9 9
1 1 1
168,9 157,1 198,0 191,5
*Fund balance e or use)
TOTAL BUDGET 160,203,159 185,824,472 165,606,985 214,700,611 188,794,477
23
07/08
rojecte
08/09
roposed
09/10
Property Taxes
Sales Taxes
1
8,815,648
1,200,498 1
9,165,000
3,070,365 13
922,545
,009,365 1
9,835,870
4,064,100 14,249,100
10,200,250
Bond Proceeds 29,080,334 18,826,337 14,560,000 28,760,000 27,458,000
Charges for Services 1
882,575
,375,109 3,247,359 3
884,375
,168,372 5,163,426 5,196,493
Capital Recovery Fees 2,110,000 2,060,875 2
725,300
,601,285
Service Improvement F 2,612,946 1,870,450 1,775,600 1,691,000
Utility Re 5,758,692 1,9
26,500
07,350 4
234,933
,495,116 5,
62,839
557,586 0,
26,500
837,176
Grants 1,024,082
Interest 2,982,282 1,803,950 1,822,604 1,699,138 1,736,688
Other Revenue 8,580,761 16,817,708 6,344,957 17,727,425 9,076,412
Interfund Transfers 8,603,880 10,136,348 9,981,712 11,409,185 9,467,728
TOTAL REVENUE 160,916,807 81,367 99,579 31,444 74,932
(increas (713,648)16,843,105 8,407,406 16,669,167 (2,780,455)
Budgeted Expenses by Division
2008/2009
24
06/07 Actual
07/08
Amended
Budget
07/08
Projected
Actual
08/09
Proposed
Budget
09/10
Estimated
Budget
Georgetown Utility Systems 28,666,629 28,728,790 29,354,964 33,022,454 33,159,599
Purchased Power (GUS) 28,307,539 40,752,000 37,923,375 46,571,808 44,374,848
Transportation 2,055,745 4,225,328 4,014,354 4,872,774 4,366,498
Community Development 2,509,926 2,884,913 2,771,061 2,786,840 2,918,195
Finance & Administration 7,741,376 7,054,260 6,880,309 9,414,930 9,222,570
Fire Services 4,866,884 5,846,636 5,596,188 6,904,618 6,894,501
Management Services 10,136,743 11,236,517 11,375,219 13,178,671 12,418,251
Community Services 5,312,374 6,895,276 6,500,873 7,911,007 7,330,993
Police Services 7,693,206 9,299,866 8,706,570 9,893,068 9,841,414
Capital Improvements 40,354,004 43,780,409 27,733,813 52,954,513 33,980,750
Debt Payments 13,954,853 14,984,129 14,768,547 15,780,743 14,819,130
Interfund Charges & Transfers 8,603,880 10,136,348 9,981,712 11,409,185 9,467,728
TOTAL BUDGET 160,203,159 185,824,472 165,606,985 214,700,611 188,794,477
Budgeted Expenses by Program
2008/2009
Amended Adopted
%%2007/08 Budget 2008/09 Budget
Community Development 2,521,740 2,661,009 1.6%1.3%
Community Services 6,264,115 5,537,650 3.4%3.3%
Fire Services 6,354,383 5,358,594 3.3%3.4%
Management Svc-Others 1,397,120 1,360,824 0.8%0.7%
Administration 16,223,813 12,326,842 7.6%8.6%
Airport 2,569,465 2,246,589 1.4%1.4%
Economic Development 439,384 423,552 0.3%0.2%
Police Services 9,692,341 9,042,492 5.6%5.1%
Electric 53,250,794 46,274,202 28.5%28.3%
Sanitation 4,570,724 3,862,014 2.4%2.4%
Stormwater Drainage 617,752 441,676 0.3%0.3%
Water Services 12,387,654 11,292,296 6.9%6.6%
Transportation 3,337,673 3,048,060 1.9%1.8%
Capital Improvements 52,954,513 43,780,409 26.9%28.1%
Debt Payments 15,780,743 14,984,129 9.2%8.4%
Budget Total By Program 162,640,338
25
100.0%188,362,214 100.0%
Interfund Transfers & Premiums 23,184,134 26,338,397
TOTAL OPERATING BUDGET 185,824,472 214,700,611
Property Tax Revenue
*Projected
Taxable Property Values
*Projected *Projected
26
Fiscal Year 12/13*03/04 04/05 10/11* 05/06 06/07 07/08*08/09*09/10*11/12*
Property Tax Revenues:
(in thousands)
General Fund 5,011 5,663 8,385 8,5265,638 6,596 7,429 7,892 8,390 8,480
2,223 2,708 6,967 8,1653,478 4,368 5,548 5,869 6,312 7,535Debt Service
Property Values:
(in millions)
Existing 2,130 2,272 4,457 4,8432,507 2,793 3,275 3,895 4,170 4,648
92 120 100 100136267336275200100New & Annexed
Tax Rates
Per $100 - taxable 0.322 0.346 0.356 0.3560.346 0.367 0.357 0.356 0.356 0.356
valuation
*Projected
Taxes:
Taxes are levied on January 1 of each year and are considered past due on February 1 of the
following year. The Williamson Central Appraisal District determines the value for each property in the
city. 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. The City’s tax collection rate for 2007/08 was 98.24%%.
Taxable Valuations:
4 Over the past 5 years, new residential construction permits have ranged from 750 to 1,500. In
2008 768 permits, valued at over $200 million were issued. Expectations are for a general
slowdown in development due to overall economic conditions.
4 Values on existing property increased 3.8% over last year. The average home value is $193,263,
which is an increase of 5% over the prior year. Overall, total assessed valuation was 11.2%
greater than prior year.
4 2008/09 new values include $276million in new construction and annexed property, of which $100
million is new commercial property.
Adopted Property Tax Rate for 2008/09 is $0.35622/$100 valuation:
4 Represents a 1.55% increase over the adjusted effective rate of $0.35078/$100 valuation, which
includes a $0.0283 adjustment for sales tax dedicated to property tax relief.
4 The City adopted a 1/8 cent sales tax rate for property tax relief in May 2005, with the primary
intent to offset debt service related to the November 2004 voter approved general obligation
bonds. All authorized 2004 bonds have been issued with a total tax impact of $0.03975.
4 Breakdown: 08/09 07/08
M & O - Maintenance and Operations (General Fund) $0.20053 $0.20322
I & S - Debt Service (payment on existing debt) $0.15569 $0.15337
*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 Continued new and annexed property growth of $200 million in 2008/09, then $100 million in the
out years as new retail properties are added to the tax role, with no increase expected in 2009/10
for existing property, then 2% annual increase.
4 Projects no increase in actual tax rate
4 Reflects impact of 1/8% sales tax for property tax relief.
4 Includes proposed debt increases for scheduled bond issues, and doesn’t include any bonds that
may be authorized in November 2008 for roads or parks expansion.
27
Sales Tax Revenue – 1% General Operating
*Projected *Projected
The City receives 2% of the 8.25% sales and use taxes that are remitted by retailers within the City limits:
1.000% is used for general operating purposes
0.500% is used for transportation improvements through the Georgetown Transportation Enhancement Corporation
(GTEC), the City’s 4B Economic Development Corporation, authorized in May 2001
0.125% is for Georgetown Economic Development Corporation (GEDCO), the City’s 4A Economic Development
Corporation, approved in May 2005
0.125% is for property tax relief, approved in May 2005
0.250% is used for street maintenance; sunset revision approved November 2006, expires in March 2011
2.000% City portion
6.250% is collected and retained by the State of Texas
8.250% Total sales tax rate
The City’s sales tax base is diverse, with revenues being generated by national retailers, building materials and utilities,
etc. The heavy residential growth over the past few years has also created a demand for more restaurants and other
retailers that have also expanded the City’s tax base. Sales tax has increased over the past few years due to an increase
in new retail developments within the City
Future projections are based on the following assumptions:
4 2008/09 includes a 3% increase in the overall sales tax base projections from prior year. Growth in baseline
sales tax (without Wolf Ranch) has averaged about 9% due to increased building material sales and
expanded retail options within the City. A 3% increase in baseline sales tax is projected in 2008/09 due to the
volatility of the housing market and local economic conditions.
4 Long term projections are expected to remain relatively flat with little new growth over the next few years due
to the impacts of the most recent economic downtown. These conditions are expected to last 18 to 24
months.
29
Electric Revenue
*Projected
Water Services Revenue – Water
*Projected
*Projected
30
Water Services Revenue - Wastewater
*Projected *Projected *Projected
Utility Revenues:
The revenue shown includes 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 customers.
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 years, as the City’s southern
electric service area is developed.
4 Assumes a 5% customer growth for Water for the next five years.
4 Rising purchased power costs also contribute to increased electric revenue, as these costs are
passed on to the customer through a fuel adjustment in the rate.
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 Assumes a 5% customer growth over the next five years. (historical average is 5-6%)
4 City implemented a flat rate sewer rate structure in April 2007, thus eliminating “winter averaging”
within the rate.
4 Flat rates allocate cost equitability between all system users, and thus eliminates any cross-class
subsidies.
31
Capital Recovery Fee Revenue
*Projected
Fiscal Year 03/04 10/11* 04/05 05/06 06/07*07/08*08/09*09/10*11/12*12/13*
Service Improvement Fees:
Water 1,593 457 495 1,597 4,113 2,200 1,064 1,036 457 304
Wastewater 671 254 330 671 1,520 564 691 640 305 203
Total (thousands) 2,265 710 825 2,268 5,634 2,764 1,755 1,676 761 507
Impact Fees:
Water 400 1,408 1,745 544 867 1,032 1,212 1,364 1,911 2,327
Wastewater 321 986 1,239 427 599 585 240 797 1,395 1,639
Total (thousands) 722 2,393 2,984 970 1,466 1,618 1,452 2,161 3,306 3,965
Service Improvement Fees:
These fees are collected from Del Webb and Escalera Ranch on a per unit basis to offset costs of
infrastructure improvements to serve the developments. The fees, similar to impact fees, are collected for
water and wastewater improvements as part of these development agreements. The large increase in
revenue in 2005/06 is due to a one-time payment from Del Webb to reimburse the City for stranded costs
associated with Sun City. Additionally, the large increase (over normal growth) in 2006/07 is due to a
one-time payment to reimburse the City for stranded costs associated with the Escalera water line.
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 for increased system capacity. The fees were updated in 2003 and again in 2005,
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 fee
is $5,204 per unit for water and wastewater. These fees will be reviewed again in 2009.
32
Other Enterprise Fund Revenues
33
(in thousands) Fiscal Year 00/01 07/08* 08/09* 01/02 02/03 03/04 04/05 05/06 06/07 09/10*
Stormwater Drainage 698 1,849 1,849 885 1,196 1,299 1,539 1,694 1,773 2,039
Airport 1,449 1,431 1,451 1,647 2,336 2,596 2,458 2,576 2,576 2,745
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. The rate of $4.25 per unit also provides $300,000 annually for capital
maintenance to correct drainage problems in the City.
Miscellaneous Revenues
35
Interest Income:
The Federal Reserve raised interest rates over the past year, thus increasing 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.
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, as well as, revenue for services from the Williamson County Emergency Service District (ESD)
#8 which began in 2006/07. 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 to the City’s General Fund by both City and
outside utilities for use of right of ways 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.
Environmental Services Revenue: (previously an enterprise fund)
Environmental Services revenue includes fees collected for curbside garbage pick-up, including recycling and
special pick-ups. In 2007, the Sanitation rates were increased to reflect increases in costs passed to the City
by the City’s waste collection contractor. Growth in the City’s customer base continues to be steady, mirroring
the City’s overall growth rate. The City contracts with Texas Disposal Systems for garbage service.
Fiscal Year (in thousands)
3,68 4,38 4,71 4,94
01/02 02/03 07/08* 03/04 04/05 05/06 06/07 08/09*09/10*
Interest Income 2,47 2 1 ,82,98
4 1 ,02
1
2 6 3
2 7
2 2,88,71
9 9,65,78
3
2 2 ,70,08
0,18 8 ,51
9
2 ,20
9,55
1 1 ,73 ,695 1 8
1 ,84
2 1 0
6,02
,161 ,19 6 8
47
1 1 ,58 ,48
1 6
4 5 ,07,17
,20Grant Revenue
7 ,04Miscellaneous Revenue
Franchise Fees 1 ,94
Environmental Svcs 2 2 ,74 ,50 2 ,88 3 ,15 3 ,39
All Funds Summary (By Fund / By Personnel-Operating-Capital)
General
GOVERNMENTAL FUND TYPES
General
Capital Special Debt
Projects Total General Revenue Service
Funds Budget Fund Funds Fund
Beginning Fund Balances / 3,466,573 39,615,210 9,298,849 2,693,487 1,253,153
Working Capital
SOURCES &
Property taxes 14,064,100 8,174,100 30,000 5,860,000
Sales taxes 9,835,870 7,952,870 1,883,000
Bond Proceeds 12,079,000 28,760,000
Charges for Services 15,163,426 1,356,398
Capital Recovery Fees 2,060,875
Special Improvement Fees 15,000 1,691,000
Utility Revenues 4,718,93395,557,586
Grants 62,839 62,839
Interest 296,300 1,699,138 60,000325,000 106,850
Other Revenue 17,727,425 9,287,122 703,984 1,299,488 (2)
Interfund Transfers - ROI, Etc. 1,816,000 11,409,185 5,0807,097,486 66,691
Total Revenues 14,206,300 198,031,444 38,911,909 2,853,364 7,224,568
USES & EXPENSES:
Personnel 36,088,810 22,629,668 251,659
Operating 92,834,983 15,249,786 707,728
Capital 1,818,000 339,3855,632,377
Capital Improvements 15,235,303 3,499,90552,954,513
Debt Payments 7,444,702 (2)14,236,743
Debt Service - New 339,000
Debt Issuance Costs 550,000 1,205,000
Interfund Transfers 11,409,185 1,984,881 277,771
Total Uses & Expenses 15,785,303 214,700,611 41,682,335 5,076,448 7,444,702
1,887,570 Ending Fund Balance / 22,946,043 6,528,423 470,403 1,033,019
Working Capital
RESERVATIONS
Contingency 14,520,000 6,500,000 75,000
Capital Projects/Other 1,887,570 395,403 1,033,0198,362,382
Available Fund Balance/ 0 63,661 28,423 0 0
Working Capital
(1) Includes Airport & Stormwater Drainage
(2) Includes debt service payments on behalf of GTEC offset by transfer from GTEC
(3) Includes debt service payments on behalf of GEDCO offset by transfer from GEDCO
38
All Funds Summary (By Fund / By Personnel-Operating-Capital)
Other Internal
Enterprise Electric Water Service
Funds (1) Fund Fund Funds
Beginning Fund Balances / 2,351,291 6,157,535 13,448,474 945,848
Working Capital
SOURCES & REVENUES:
Property taxes
Sales taxes
Bond Proceeds 1,950,000 6,100,000 8,631,000
Charges for Services 13,807,028
Capital Recovery Fees 2,060,875
Special Improvement Fees 1,676,000
Utility Revenues 1,942,210 67,879,757 21,016,686
Grants
Interest 55,000 125,000 600,000 130,988
Other Revenue 3,037,660 1,912,051 1,467,120 20,000
Interfund Transfers - ROI, Etc. 86,161 2,337,767
Total Revenues 6,984,870 76,102,969 35,451,681 16,295,783
USES & EXPENSES:
Personnel 527,586 3,704,443 1,883,050 7,092,404
Operating 3,534,451 53,336,140 13,421,349 6,585,529
Capital 365,000 425,000 2,684,992
Capital Improvements 3,621,500 11,943,000 18,654,805
Debt Payments 531,186 2,442,341 3,818,514 (3)
Debt Service - New 24,000 140,000 175,000
Debt Issuance Costs 90,000 275,000 290,000
Interfund Transfers 156,977 6,502,351 2,409,397 77,808
Total Uses & Expenses 8,485,700 78,708,275 41,077,115 16,440,733
850,461 800,898Ending Fund Balance / 3,552,229 7,823,040
Working Capital
RESERVATIONS:
Contingency 300,000 3,525,000 4,120,000
Capital Projects/Other 550,461 3,695,031 800,898
Available Fund Balance/ 27,229 8,009 0 0
Working Capital
ENTERPRISE FUNDS
PROPRIETARY FUND TYPES
39
All Funds Summary (By Fund / By Division)
36
General General
Special Capital Debt
Total General Revenue Projects Service
Budget Fund Funds Funds Fund
Beginning Fund Balances / 39,615,210 9,298,849 2,693,487 3,466,573 1,253,153
Working Capital
SOURCES &
Property taxes 14,064,100 8,174,100 30,000 5,860,000
Sales taxes 9,835,870 7,952,870 1,883,000
Bond Proceeds 28,760,000 12,079,000
Charges for Services 15,163,426 1,356,398
Capital Recovery Fees 2,060,875
Special Improvement Fees 1,691,000 15,000
Utility Revenues 95,557,586 4,718,933
Grants 62,839 62,839
Interest 1,699,138 325,000 106,850 296,300 60,000
Other Revenue 17,727,425 9,287,122 703,984 1,299,488 (2)
Interfund Transfers - ROI, Etc. 11,409,185 7,097,486 66,691 1,816,000 5,080
Total Revenues 198,031,444 38,911,909 2,853,364 14,206,300 7,224,568
USES & EXPENSES:
Georgetown Utility Systems 33,022,454 4,580,383
Purchased Power 46,571,808
Transportation 4,872,774 3,530,234
Community Development 2,786,840 2,522,783
Finance & Administration 9,414,930 530,851 173,587
Fire Services 6,904,618 6,904,618
Management Services 13,178,671 4,843,782 105,913
Community Services 7,911,007 7,004,312 906,695
Police Services 9,893,068 9,780,491 112,577
Capital Improvements 52,954,513 3,499,905 15,235,303
Debt Payments 14,236,743 7,444,702 (2)
Debt Service - New 339,000
Debt Issuance Costs 1,205,000 550,000
Interfund Transfers 11,409,185 1,984,881 277,771
Total Uses & Expenses 214,700,611 41,682,335 5,076,448 15,785,303 7,444,702
Ending Fund Balance / 22,946,043 6,528,423 470,403 1,887,570 1,033,019
Working Capital
RESERVATIONS
Contingency 14,520,000 6,500,000 75,000
Capital Projects/Other 8,362,382 395,403 1,887,570 1,033,019
Available Fund Balance/ 63,661 28,423 0 0 0
Working Capital
GOVERNMENTAL FUND TYPES
(1) Includes Airport & Stormwater Drainage
(2) Includes debt service payments on behalf of GTEC offset by transfer from GTEC
(3) Includes debt service payments on behalf of GEDCO offset by transfer from GEDCO
All Funds Summary (By Fund / By Division)
37
Other Internal
Enterprise Water ServiceElectric
Funds (1) Fund Fund Funds
Beginning Fund Balances / 2,351,291 6,157,535 13,448,474 945,848
Working Capital
SOURCES & REVENUES:
Property taxes
Sales taxes
Bond Proceeds 1,950,000 6,100,000 8,631,000
Charges for Services 13,807,028
Capital Recovery Fees 2,060,875
Special Improvement Fees 1,676,000
Utility Revenues 1,942,210 67,879,757 21,016,686
Grants
Interest 55,000 125,000 600,000 130,988
Other Revenue 3,037,660 1,912,051 1,467,120 20,000
Interfund Transfers - ROI, Etc. 86,161 2,337,767
Total Revenues 6,984,870 76,102,969 35,451,681 16,295,783
USES & EXPENSES:
Georgetown Utility Systems 10,833,775 15,729,399 1,878,897
Purchased Power 46,571,808
Transportation 1,342,540
Community Development 264,057
Finance & Administration 8,710,492
Fire Services
2,719,497 Management Services 5,509,479
Community Services
Police Services
Capital Improvements 3,621,500 11,943,000 18,654,805
Debt Payments 531,186 2,442,341 3,818,514 (3)
Debt Service - New 24,000 140,000 175,000
Debt Issuance Costs 90,000 275,000 290,000
Interfund Transfers 156,977 6,502,351 2,409,397 77,808
Total Uses & Expenses 8,485,700 78,708,275 41,077,115 16,440,733
850,461 Ending Fund Balance / 3,552,229 7,823,040 800,898
Working Capital
RESERVATIONS:
Contingency 300,000 3,525,000 4,120,000
Capital Projects/Other 550,461 3,695,031 800,898
Available Fund Balance/ 27,229 8,009 0 0
Working Capital
ENTERPRISE FUNDS
PROPRIETARY FUND TYPES
General Fund
07/08 08/09 09/10
06/07 07/08 PROJECTED ADOPTED ESTIMATED
ACTUAL BUDGET ACTUAL BUDGET BUDGET
Beginning Fund Balance 7,918,842 8,555,847 9,405,420 9,298,849 6,528,423
REVENUES:
Property Taxes 6,746,271 7,429,365 7,599,365 8,174,100 8,359,100
Sales Tax 7,120,422 7,415,000 7,758,979 7,952,870 8,244,000
Sanitation Revenues 4,718,933 4,940,127
Interest 482,941 405,000 390,000 325,000 375,000
Administrative Charges 1,298,845 1,328,351 1,328,351 1,356,398 1,356,398
All Other Revenue 7,358,473 7,941,904 8,093,855 9,287,122 9,311,381
Return on Investment 5,046,024 6,092,549 6,360,290 6,665,813 6,969,363
Transfers In 116,212 380,000 323,171 431,673 435,812
Total Revenues 28,169,188 30,992,169 31,854,011 38,911,909 39,991,181
EXPENSES:
Transportation 2,055,745 3,236,940 2,979,174 3,530,234 3,195,239
Community Development 2,477,114 2,623,408 2,518,560 2,522,783 2,653,601
Finance & Administration 368,730 472,560 471,992 530,851 531,901
Fire Department 4,764,593 5,719,136 5,468,483 6,904,618 6,894,501
Management Services 1,937,225 2,335,678 2,336,041 2,482,405 2,373,869
Community Services 4,737,708 5,690,637 5,574,757 7,004,312 6,809,364
Police Department 7,608,846 9,155,229 8,576,844 9,780,491 9,774,514
Georgetown Utility Systems 4,580,383 5,007,498
Administrative Expense 2,029,952 2,372,429 2,261,906 2,361,377 2,361,377
Transfers Out 702,697 2,050,202 1,772,825 1,984,881 8,392
Total Expenses 26,682,610 33,656,219 31,960,582 41,682,335 39,610,256
Ending Fund Balance 9,405,420 5,891,797 9,298,849 6,528,423 6,909,348
RESERVATIONS:
Contingency 5,350,000 5,850,000 5,850,000 6,500,000 6,500,000
Available Fund Balance 4,055,420 41,797 3,448,849 28,423 409,348
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.
40
Fiscal Year 2008/09
Revenues
Expenditures
Significant Issues/Comments:
4 Funds for street capital maintenance total
$1,250,000, and represents 3% of the General
Fund on-going operating budget. The total
General Fund portion of street maintenance is
$2.89 million, which includes staff costs, utility
costs for street lighting and other maintenance
costs.
4 The Environmental Services department was
moved into the General Fund from the
Sanitation Fund. Due to rising fuel prices,
Texas Disposal Services has requested for the
2008/09 contract to include a fuel factor
increase. This is a pass-through charge to the
users.
4 Transfers fund various one-time equipment
purchases, such as, police vehicles, street
equipment and computer equipment.
Transfers also fund a portion of the Maple
Street Realignment project.
4 To address the Council Priority of improved
emergency response levels, increased staffing
is included in the 2008/09 budget. Funding
includes six additional fire personnel to
provide added response to the Emergency
Service District.
4 An increase in Public Safety compensation, to
match 95% of Round Rock’s pay scale is
included in the 2008/09 budget.
4 Contingency Reserves were increased to
comply with the City’s budgetary and financial
policy for 90 days of operating expense in
reserve for this fund.
41
Electric Fund
07/08 08/09 09/10
06/07 07/08 PROJECTED ADOPTED ESTIMATED
ACTUAL BUDGET ACTUAL BUDGET BUDGET
Beginning Working Capital 5,900,272 5,761,087 4,681,751 6,157,535 3,552,229
REVENUES:
Electric Services 42,805,466 56,387,000 57,776,414 67,879,757 62,148,185
Bond Proceeds 6,920,100 5,425,000 1,979,600 6,100,000 5,700,000
Interest 392,402 250,000 125,000 125,000 125,000
All Other Revenue 2,333,952 1,972,689 1,825,689 1,912,051 1,900,101
Transfers In 86,161 86,161 86,161 86,161 86,161
Total Revenues 52,538,081 64,120,850 61,792,864 76,102,969 69,959,447
EXPENSES:
Georgetown Utility Systems 7,581,757 8,652,346 8,616,722 10,833,775 10,591,404
Purchased Power 28,307,539 40,752,000 37,923,375 46,571,808 44,374,848
Capital Projects 12,390,506 9,786,334 6,307,000 11,943,000 7,385,000
Debt Payments 1,812,340 2,310,850 2,310,850 2,442,341 2,424,927
Debt Payments - New Debt 339,000 339,000 140,000 61,000
Debt Issuance Costs 268,968 203,000 203,000 275,000 125,000
Transfers Out 3,395,492 4,419,090 4,617,133 6,502,351 5,031,855
Total Expenses 53,756,602 66,462,620 60,317,080 78,708,275 69,994,034
Ending Working Capital 4,681,751 3,419,317 6,157,535 3,552,229 3,517,642
RESERVATIONS:
Contingency 3,200,000 3,350,000 3,350,000 3,525,000 3,350,000
Available Working Capital 1,481,751 69,317 2,807,535 27,229 167,642
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.
42
Fiscal Year 2008/09
Revenues
Expenditures
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 The Electric and Water Services funds share
the maintenance of the City’s automated
meter reading system. In 2008/09, the
automated meter reading system will be
upgraded.
4 Capital projects are funded through operating
revenues and debt when necessary. In 2009,
$5.84 million of operating revenues and $6.1
million of bond proceeds fund the annual
capital projects plan.
4 Transfers out include the 8% return on
investment to the General Fund.
4 A total of 10 new positions are included for
2008/09, including a SCADA technician,
overhead crews, engineering associate and a
utility system operator.
43
Water Services Fund
07/08 08/09 09/10
06/07 07/08 PROJECTED ADOPTED ESTIMATED
ACTUAL BUDGET ACTUAL BUDGET BUDGET
Beginning Working Capital 17,623,555 16,482,359 18,248,555 13,448,474 7,823,040
REVENUES:
Water Services 10,345,351 11,946,060 12,506,559 12,811,966 13,215,041
Wastewater Services 6,939,055 7,162,290 7,568,114 7,946,520 8,237,053
Irrigation Services 207,077 258,200 258,200 258,200 258,200
Bond Proceeds 1,329,900 7,980,000 7,435,400 8,631,000 10,355,000
Impact Fees 882,575 2,110,000 884,375 2,060,875 2,601,285
Service Improvement Fees 2,586,046 1,853,650 1,755,200 1,676,000 710,300
Interest 1,007,449 555,300 545,500 600,000 565,000
All Other Revenue 4,059,614 1,558,200 1,066,734 1,365,000 2,895,000
Transfer In 102,120 102,120 102,120 102,120
Total Revenues 27,357,067 33,525,820 32,122,202 35,451,681 38,938,999
EXPENSES:
Georgetown Utility Systems 13,114,251 14,253,981 14,641,114 15,729,399 15,703,966
Capital Projects 8,257,030 22,740,000 16,070,196 18,654,805 15,620,000
Debt Payments 3,390,937 3,339,700 3,339,700 3,818,514 3,762,278
Debt Payments - New Debt 360,000 360,000 175,000
Bond Issue Costs 37,707 215,000 345,742 290,000 410,000
Transfers Out 1,932,142 2,040,333 2,165,531 2,409,397 2,232,384
Total Expenses 26,732,067 42,949,014 36,922,283 41,077,115 37,728,628
Ending Working Capital 18,248,555 7,059,165 13,448,474 7,823,040 9,033,411
RESERVATIONS:
Contingency 3,475,000 3,750,000 3,750,000 4,120,000 4,120,000
SIP Reservation/Stranded Fees 2,873,912 3,284,471 3,284,471 3,695,031 3,695,031
Available Working Capital 11,899,643 24,694 6,414,003 8,009 1,218,380
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.
Fiscal Year 2008/09
Revenues
Expenditures
Significant Issues/Comments:
4 Water supply is provided through agreements
with the Brazos River Authority (BRA). BRA
expenses will increase 15% over the prior
year for an 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. Future raw water increases are
projected at 15% per year.
4 Service Improvement Fees (SIP) are
reserved to fund future payments on debt
issued for infrastructure related to
development, as well as, capital
improvements.
4 Capital projects are funded through operating
revenues, service improvement fees, impact
fees and debt when necessary. In 2009,
$18.6 million will be spent in capital
improvements, including 2006 Annexation
projects, upgrades to Lakewater Clearwell &
Southside Plant Upgrades.
4 The City will begin year 7 of an 8 year
program to test all wastewater lines for inflow
and infiltrations as required by the Texas
Commission on Environmental Quality
(TCEQ) for environmental safety of the
Edwards Aquifer. 98% of the city is located
over the Aquifer, therefore testing and repair
costs are a major component of the
wastewater capital improvement program.
The City budgets repairs for all problems
found in the next budget cycle.
Airport Fund
07/08 08/09 09/10
06/07 07/08 PROJECTED ADOPTED ESTIMATED
ACTUAL BUDGET ACTUAL BUDGET BUDGET
Beginning Working Capital (607,549) 247,174 439,406 578,323 696,794
REVENUES:
Fuel & Terminal Sales 1,989,990 2,120,780 2,120,780 2,504,180 2,304,180
Leases & Rents 478,828 440,880 454,880 440,880 440,880
Interest 28,111 30,000 30,000 30,000 30,000
Grant 986,196
All Other Revenue 104,559 72,600 80,600 72,600 72,600
Transfers In
Total Revenues 3,587,684 2,664,260 2,686,260 3,047,660 2,847,660
EXPENSES:
Management Services 2,211,101 2,339,714 2,337,063 2,719,497 2,569,867
Capital Projects 142,673
Debt Payments 186,955 210,280 210,280 209,692 166,130
Total Expenses 2,540,729 2,549,994 2,547,343 2,929,189 2,735,997
Ending Working Capital 439,406 361,440 578,323 696,794 808,457
RESERVATIONS:
Contingency 150,000 150,000 150,000 150,000 150,000
Future Capital Improvements 289,406 211,440 428,323 546,794 658,457
Available Working Capital 0 0 0 0 0
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 2008/09 represents a full year of rising fuel costs associated with operating the new airport control tower.
46
Stormwater Drainage Fund
07/08 08/09 09/10
06/07 07/08 PROJECTED ADOPTED ESTIMATED
ACTUAL BUDGET ACTUAL BUDGET BUDGET
Beginning Working Capital 1,215,110 855,175 912,949 1,772,968 153,667
REVENUES:
Stormwater Fees 1,773,131 1,854,800 1,848,558 1,942,210 2,038,570
Bond Proceeds 750,000 750,000 1,950,000 2,100,000
Interest 57,468 20,000 25,000 25,000 25,000
All Other Revenue 20,642 20,000 20,000 20,000 20,000
Total Revenues 1,851,241 2,644,800 2,643,558 3,937,210 4,183,570
EXPENSES:
Transportation 980,387 988,388 1,035,180 1,342,540 1,171,259
Capital Projects 780,211 1,761,000 256,500 3,621,500 2,309,500
Debt Payments 248,285 270,375 270,375 321,494 337,061
Bond Issue Costs 1,017 34,000 34,000 90,000 150,000
Debt Service - New Debt 38,000 38,000 24,000 35,000
Transfers Out 143,502 149,984 149,484 156,977 166,285
Total Expenses 2,153,402 3,241,747 1,783,539 5,556,511 4,169,105
Ending Working Capital 912,949 258,228 1,772,968 153,667 168,132
RESERVATIONS:
Contingency 150,000 150,000 150,000 150,000 150,000
Available Working Capital 762,949 108,228 1,622,968 3,667 18,132
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 are $4.25 per unit cost which provides operational and capital costs for drainage maintenance
and improvements.
4 City engineers began the Regional Stormwater Drainage Master Plan (RSMP), which outlines future capital
improvements that are needed to improve drainage in the City.
4 Operating costs continue to increase due to the increase in the number of detention ponds within the city.
47
General Capital Projects Fund - Summary 2008/2009
07/08 08/09 09/10
06/07 07/08 PROJECTED ADOPTED ESTIMATED
ACTUAL BUDGET ACTUAL BUDGET BUDGET
Beginning Working Capital 3,421,748 700,255 1,598,784 3,466,573 1,887,570
REVENUES:
Service Improvement Fees 26,900 16,800 20,400 15,000 15,000
Bond Proceeds 17,088,617 4,671,337 4,395,000 12,079,000 9,303,000
Interest 606,281 296,300 390,000 296,300 296,300
All Other Revenue 900
Transfers In 1,372,734 1,834,000 1,499,000 1,816,000
Total Revenues 19,095,432 6,818,437 6,304,400 14,206,300 9,614,300
EXPENSES:
ISF Equipment 616,800 616,800
New Equipment 755,800 541,600 614,200
Streets CIP 769,441 1,052,500 548,750 1,200,500
General CIP 17,982,448 3,883,975 1,679,316 13,420,603 6,650,000
Debt Issuance Cost 345,663 161,994 121,145 550,000 700,000
Transfers Out 1,820,844 929,000 929,000 1,953,000
Total Expenses 20,918,396 7,400,069 4,436,611 15,785,303 9,303,000
Ending Working Capital 1,598,784 118,623 3,466,573 1,887,570 2,198,870
SIP Reservation 67,200 67,200 67,200
Available Working Capital 1,531,584 51,423 3,399,373 1,887,570 2,198,870
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 City facility renovations (police facility, Georgetown Municipal Complex & fire station #2),
land acquisition, and upgrades to the vehicle storage yard. Replacement of fire self contained breathing
apparatus (SCBA) is also included.
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.
Vehicle and Equipment (Capital Projects Fund):
4 Includes funds for the public safety vehicle replacement program and new public safety equipment.
48
Special Revenue Funds - Summary 2008/09
BEGINNING ENDING
FUND FUND
FUND DIVISION/SECTION BALANCE REVENUES EXPENDITURES BALANCE
Cemetery Fund Community Services 70,524 55,600 126,124 0
Library Donations Community Services 64,100 21,200 85,300 0
Main Street Facade Fund Community Services 25,654 43,920 69,574 0
Parks Restricted Community Services 171,453 81,200 252,653 0
Tourism Fund Community Services 404,259 432,834 474,291 362,802
Courts Finance & Administration 72,216 141,371 213,587 0
FEMA Fund Management Services 0 36,339 36,339 0
Animal Services Fund Police Services 332 30,400 30,732 0
Police Restricted Police Services 45,345 36,500 81,845 0
Street Tax Transportation 1,763,003 1,943,000 3,706,003 0
Total Special Revenue Funds 2,616,886 2,822,364 5,076,448 362,802
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:
G r a n t s 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 originally approved by voters in November 2002. Funds may only
be spent on existing city streets. The tax was reauthorized by voters in November 2006 and will sunset in March
2011. Projects for 2009 are included in the Capital Improvement Project section of this document.
49
Internal Service Funds - Summary 2008/09
FACILITIES FLEET INFORMATION JOINT INTERNAL
MAINTENANCE MANAGEMENT SERVICES SERVICES SERVICES FUND
FUND FUND FUND FUND TOTAL
Beginning Working Capital 38,286 546,345 47,165 314,082 945,878
REVENUES:
Charges for Services 1,835,232 1,568,412 1,851,696 8,415,152 13,670,492
Interest & Other 25,000 23,000 17,500 202,024 267,524
Sale of Property 20,000 20,000
Interfund Transfers 240,300 1,374,000 273,467 450,000 2,337,767
Total Revenues 2,100,532 2,985,412 2,142,663 9,067,176 16,295,783
EXPENSES:
Georgetown Utility Systems 1,878,897 1,878,897
Community Development 264,057 264,057
Finance & Administration 2,136,653 2,899,689 3,674,150 8,710,492
Management Services 2,139,978 3,369,501 5,509,479
Interfund Transfers 7,078 5,080 65,650 77,808
Total Expenses 2,136,653 2,906,767 2,145,058 9,252,255 16,440,733
Ending Working Capital 2,165 624,990 44,770 129,003 800,928
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.
schedule.
Charges for services to each department are made based on predetermined lease fees.
Fleet Management Fund: 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.
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: 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.
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: 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
provide support to all City funds and departments. The City’s Economic Development department is included,
which is funded by the General Fund and the City’s Electric and Water Service funds.
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
provide support to all City funds and departments. The City’s Economic Development department is included,
which is funded by the General Fund and the City’s Electric and Water Service funds.
50