Loading...
04 - Financial SummaryF�nanc�al ,Summary Jl� FINANCIAL SUMMARY TABLE OF CONTENTS Summary Where the Money Comes From..................................................................................................... 29 Where the Money Goes (by program)........................................................................................... 30 Where the Money Goes (by division)............................................................................................ 31 Comparison of Proposed Budget to Current Year........................................................................ 32 Revenues Property'faxes............................................................................................................................... 34 SalesTax........................................................................................................................................ 36 UtilityRevenues............................................................................................................................. 38 CapitalRecovery Fees................................................................................................................... 40 Other Enterprise Fund Revenues................................................................................................... 41 Other Miscellaneous Revenues...................................................................................................... 42 Fund Summaries AllFunds Summary .......................................................................................................................44 GeneralFund..................................................................................................................................46 StreetsFund................................................................................................................................... 48 ElectricFund.................................................................................................................................. 50 WastewaterFund........................................................................................................................... 52 WaterFund.................................................................................................................................... 54 AirportFund.................................................................................................................................. 56 SanitationFund..............................................................................................................................57 StormwaterDrainage Fund............................................................................................................ 58 General Capital Projects Funds..................................................................................................... 59 SpecialRevenue Funds.................................................................................................................. 60 InternalService Funds................................................................................................................... 61 Where The Money Comes From 2000-2001 Fund Balance Use 19% Service Improvement Fees 2% Other Revenue 8% Property Taxes Interfund Transfers 6% 8% Sales Taxes s - New Debt /o rges for Services 9% Capital Recovery Fees 1% enues 99/00 99/00 00/01 01/02 98/99 Amended Projected Adopted Projected Actual Budget Actual Budget Budget Property Taxes Sales Taxes Bond Proceeds - New Debt Charges for Services Capital Recovery Fees Utility Revenues Grants Other Revenue Service Improvement Fees Fund Balance Used Interest Interfund Transfers Totals 4,224,047 4,803,050 4,821,499 5,106,500 5,874,500 2,858,475 2,725,000 3,250,000 3,600,000 3,950,000 8,250,000 6,035,000 5,701,523 2,204,500 6,378,500 6,141,623 6,915,711 6,922,480 7,494,879 7,497,619 655,117 433,125 695,000 433,125 433,125 30,308,383 31,119,385 32,152,300 33,512,574 35,858,181 307,570 800,164 796,052 941,259 78,255 5,739,882 5,954,909 6,895,408 6,510,252 6,594,423 1,312,068 1,855,280 1,442,680 1,493,545 1,493,545 506,536 11,650,443 (180,721) 16,042,927 (386,907) 1,652,607 1,109,411 1,556,701 1,233,034 1,112,252 6,905,125 8,323,463 8,354,364 6,829,976 6,961,824 68,861,433 81,724,941 72,407,286 85,402,571 75,845,317 FINANCIAL SUMMARY ANNUAL OPERATING PLAN ELEMENT 2000/01 29 Police Ser 5% Administration 10% Development Servic 2% Parks & Recrt 3% Budget by Program 2000-2001 Electric ono/ Public Library 32% r ion irmwater Drainage 1% Debt Payments 8% Airport 2% Fire Services 4% Comm Svc -Others 1% Budget Total By Program 65,384,560 100.0% 69,953,327 100.0% Interfund Transfers & Premiums 16,340,381 15,449,244 TOTAL OPERATING BUDGET 81,724,941 85,402,571 FINANCIAL SUMMARY 30 ANNUAL OPERATING PLAN ELEMENT 2000/01 Amended Adopted 1999/00 Budget % 2000/01 Budget % Police Services 3,380,914 5.2% 3,433,743 4.9% Streets 781,265 1.2% 1,172,644 1.71/6 Electric 13,201,479 20.2% 14,324,040 20.5% Public Library 661,385 1.0% 697,383 1.0% Water 2,842,353 4.3% 3,233,266 4.6% Wastewater 1,329,680 2.0% 1,380,377 2.0% Sanitation 1,761,322 2.7% 2,252,595 3.2% Stormwater Drainage 201,565 0.3% 196,378 0.3% Debt Payments 4,645,923 7.1% 5,681,022 8.1% Airport 913,522 1.4% 999,331 1.4% Fire Services 2,213,677 3.4% 2,589,988 3.7% Comm Svc -Others 935,290 1.4% 736,826 1.1% Capital Improvements 23,508,136 36.0% 22,417,285 32.0% Parks & Recreation 2,026,792 3.1% 2,256,432 3.2% Development Services 1,213,709 1.9% 1,232,605 1.8% Administration 5,767,548 8.8% 7,349,412 10.5% Budget Total By Program 65,384,560 100.0% 69,953,327 100.0% Interfund Transfers & Premiums 16,340,381 15,449,244 TOTAL OPERATING BUDGET 81,724,941 85,402,571 FINANCIAL SUMMARY 30 ANNUAL OPERATING PLAN ELEMENT 2000/01 Budget By Division 2000-2001 Community Services . 6% P„rr.hncer1 Pnwer WOT n Economic Develonment Information Res( 1% Management Servica 4% Community Owned Utilities 14% Development 2% Int Development Services Community Owned Utilities Management Services Information Resources Purchased Power (COU) Community Services Economic Development Capital Improvements Parks & Recreation Finance & Administration Fire Services Debt Payments Police Services Interfund Charges & Transfers Totals 9%v V Police Services Debt Payments 5% 7% ,apital Improvements 25% & Recreation 3% Administration 4% FINANCIAL SUMMARY ANNUAL OPERATING PLAN ELEMENT 2000/01 31 99/00 99/00 00/01 01/02 98/99 Amended Projected Adopted Projected Actual Budget Actual Budget Budget 1,271,215 1,348,244 1,302,286 1,374,276 1,369,176 9,416,034 11,197,009 10,878,605 12,572,859 12,598,760 1,768,245 2,244,951 2,051,844 3,039,418 3,222,892 858,869 983,307 983,307 1,136,326 1,065,526 11,584,455 11,597,040 12,083,700 12,542,100 13,095,500 4,039,041 4,739,903 4,768,995 5,186,315 5,106,742 0 0 0 351,756 351,756 17,353,731 23,508,136 14,360,574 22,417,285 12,233,500 1,795,930 2,330,092 2,247,876 2,588,906 2,444,463 3,144,077 3,212,408 3,181,588 3,480,822 3,390,792 2,389,632 2,543,936 2,513,478 2,993,767 2,993,172 3,674,494 4,645,923 4,635,844 5,681,022 5,897,240 3,626,871 3,949,322 3,863,899 4,083,354 3,989,585 7,938,839 9,424,670 9,535,290 7,954,365 8,086,213 68,861,433 81,724,941 72,407,286 85,402,571 75,845,317 FINANCIAL SUMMARY ANNUAL OPERATING PLAN ELEMENT 2000/01 31 COMPARISON OF PROPOSED BUDGET TO CURRENT YEAR OVERALL Divisions were required to keep base budgets at or below current levels for most operating costs. The costs from outside contracts, such as treatment plant operations and automatic meter reading maintenance contract costs , rose slightly due to the continued growth in customers and property. Personnel costs, such as the annualized cost of 1999/00 merit -based pay increases given in January and an approximate 7% increase in employee health insurance, caused slight increases across the board. Other significant changes are summarized below. 1999/00 2000/01 Amended Adopted Increase/ Buffet Budijet Decrease Explanation COMMUNITY OWNED UTILITIES $11,197,009 $12,572,859 $1,375,850 Maintenance accounts for Street ($250,000), Water ($108,000) and Wastewater ($158,000) were moved from the CIP budget to the departmental budgets in 2000/01. The proposed budget also includes $300,000 for CIS software and $480,000 for annual maintenance of the new automated meter reading system. PURCHASED POWER 11,597,040 12,542,100 945,060 Costs rise annually with addition of approximately 750 new customers each year and are offset by electric sales revenue. COMMUNITY SERVICES 4,739,903 5,186,315 446,412 The growth in Airport fuel sales and sanitation contract costs due to rising customer bases have increased costs. Both are offset by proportional increases in revenue. The Convention and Visitors' Bureau (CVB), along with the Main Street function, moved to the new Economic Development Division in 2000/01. DEVELOPMENT SERVICES 1,348,244 1,374,276 26,032 The 1999/00 merit increases for staff have caused a slight increase in expenses for the division. ECONOMIC DEVELOPMENT 351,756 FINANCE & ADMINISTRATION 3,212,408 3,480,822 32 351,756 This is a new division for 2000/01. Previously CVB expenses were captured in the Community Services division. 268,414 Roof replacements at the Tennis Center and Community Center, along with carpet replacement in the Municipal Building, are included in the Facilities Maintenance Fund as additional maintenance expenses needed for 2000/01. The addition 6f a court fees Special Revenue Fund to account for legally restricted court taxes also represents an increase for this division. FINANCIAL SUMMARY ANNUAL OPERATING PLAN ELEMENT 2000/01 1999/00 2000/01 Amended Adopted, Budjjet Buddet FIRE SERVICES $2,543,936 $2,993,767 INFORMATION RESOURCES 983,307 1,136,326 MANAGEMENT SERVICES 2,244,951 3,039,418 PARKS & RECREATION 2,330,092 POLICE SERVICES 3,949,322 Increase Decrease Explanation $449,831 Six additional firefighters, an operations chief position and operating costs for Fire Station 4 were added in 2000/01. 153,019 Network hardware replacement costs, as well as annual software maintenance agreements, have increased for this division. 794,467 The proposed budget includes $550,000 of salary and benefits for the employee pay for performance system. This amount will be distributed to departments in January when individual amounts are known. An additional $200,000 was also allocated by City Council to be used towards improvement of employee benefits. 2,588,906 258,814 The construction costs for completing the hike and bike trail and athletic complex, which were originally budgeted in 1998/99, are offset by a full year of operational costs for the hike and bike trail, Village Pool and Georgetown Tennis Center. Also included are the costs of two positions that were originally funded through grants. 4,083,354 CAPITAL IMPROVEMENTS 23,508,136 22,417,285 DEBT PAYMENTS 134,032 Operating expenses remain level, while payroll expense related to merit raises for staff has increased. (1,090,851) Amounts fluctuate from year to year depending on the nature and timing of projects. 4,645,923 5,681,022 1,035,099 Combined tax -supported and self-supporting general obligation debt, along with utility revenue debt, payments have risen by the new debt issues in 1999/00 and scheduled increases in debt payments. INTERFUND NONDEPT'L CHARGES 1,101,207 1,124,389 INTERFUND TRANSFERS 8,323,463 6,829,976 23,182 The administrative allocations rise as overall costs for support services provided to the General Fund rise. (1,493,487) Council directed a decrease in transfers to the General Fund to provide better economic strength and to match program revenues to program expenses. The City will continue to work on this effort through a competitive fee analysis to be completed in 2000/01. FINANCIAL SUMMARY ANNUAL OPERATING PLAN ELEMENT 2000/01 33 Property Tax Revenues 8.000,000 6,000,000 4,000,000 2,000,000 0 95/96 96/97 97/98 98/99 99/00 00/01' 01/02' 02/03' 03/04* 04/05' *Projected Taxable Property Values 2,500,000,000 2,000,000,000 1,500,000,000 1,000,000,000 500,000,000 0 95/96 96/97 97/98 98/99 99/00 00/01' 01/02' 02/03' 03/04' 04/05' -Projected FINANCIAL SUMMARY 34 ANNUAL OPERATING PLAN ELEMENT 2000/01 Fiscal Year 95/96 96/97 97/98 98/99 99/00 00/01 01/02' 02/03* 03/04* 04/05* Property Tax Revenues: (in thousands) General Fund 747 1,045 1,593 1,908 2,241 2,430 3,130 2,769 2,865 2,955 Streets 178 253 443 597 700 800 900 956 1,030 1,105 Debt Service 1,060 1,168 1,360 1,711 1,862 1,887 1,854 2,313 2,416 2,307 Property Values: (in millions) Existing Property 518 561 775 1,039 1,313 1,519 1,678 1,821 1,969 2,120 New & Annexed 21 92 210 156 114 110 90 90 90 90 Property Tax Rates Per $100 -taxable 0.370 0.379 0.350 0.350 0.340 0.31409 0.334 0.331 0.321 0.303 valuation * Projected Taxes are levied January leach year and are past due on February lof the following year. Property tax rolls are certified in July and the tax rate is adopted in September along with the Annual Operating Plan. Taxable values have risen steadily due to rapid residential and commercial growth since 1994. => New construction permits averaged 800-1,200/year since 1996. Growth outlook is expected at 750 annually. => Values on existing property have risen annually 18% on average the last 3 years. 2000/01 new values include: $109 million new construction $1 million annexations Adopted property tax rate for 2000/01 is $0.31409/$100 valuation. 0% increase over the effective rate of $0.31409. => Maintenance & Operations (M&O) $0.19847 for 2000/01 is deposited to General & Street SRF Funds** => Debt Service $0.11562 for 2000/01 is deposited to General Debt Service Fund **Beginning in 1994/95, the City began a 5 year transition plan to dedicate $0.05 of the M&O portion of the tax rate to transportation. This goal was accomplished in 1998/99. Future Projections: => Based on continued new property growth of $90 million annually with a 3% annual increase in valuations. Growth projections are reviewed semiannually and adjusted as needed. => No annexations are included. => Tax rates include debt needs for street and facility capital improvements as shown on the 5 -year Street and General Capital Projects schedules. FINANCIAL SUMMARY ANNUAL OPERATING PLAN ELEMENT 2000/01 35 Sales Tax Revenue 04/05* 03/04* 02/03* 01/02* 00/01* 99/00* 98/99 97/98 96/97 95/96 $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 *Projected The City receives 1% of the 7.25% sales and uses taxes for general operating purposes. 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 retailers, which have expanded the City's tax base. Sales tax receipt increases average 14% annually for the past five years. _> 1999/00 sales tax receipts expected to exceed prior year by 13.6%. _> Future revenues are projected at 6 - 10% annually. 36 FINANCIAL SUMMARY ANNUAL OPERATING PLAN ELEMENT 2000/01 O� GEORG\ \D D This page intentionally left blank. FINANCIAL SUMMARY ANNUAL OPERATING PLAN ELEMENT 2000/01 37 Electric Revenue 01. nnn nnn 93/94 94195 95/96 96197 97196 98/99 99/00• 00101' 01/02' 02103' 03104' 04105' Water Revenue $10,000,000 $6.000,000 $6,000,000 $4,000,000 $2,000,000 $0 38 *Projected 93194 94/95 95/96 96197 97/98 98/99 99100` 00/01' 01102' 02/03• 03/04' 04/05' *Projected FINANCIAL SUMMARY ANNUAL OPERATING PLAN ELEMENT 2000/01 m _------$8-Of '$7.75M $7.45M 'S7.30M '56.72M •$6.79M S6.39M $6.47M $5.92M $5.48M S4.22M $3.81 M 93194 94/95 95/96 96197 97/98 98/99 99100` 00/01' 01102' 02/03• 03/04' 04/05' *Projected FINANCIAL SUMMARY ANNUAL OPERATING PLAN ELEMENT 2000/01 Wastewater Revenue $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 'S4.39M 'S4.56M '54.40M 'S4.00M `S3.SOM $3.55M $3.39M 93/94 94/95 95/96 96/97 97/98 98/99 99/00' 00/01* 01/02' 02/03` 03/04' 04/05' *Projected Revenues include charges for services including tap or hookup fees. Developer contributions (such as capital recovery fees) and interest are presented on a separate schedule. Generally, utility revenue projections are based on projected customer growth for each utility.Because the City of Georgetown provides services outside its incorporated boundaries, customer growth can exceed population growth. Conversely, annexations usually do not impact the utility customer base. Electric and Water Revenue Projections: => Calculated on a four-year rolling average of per capita consumption. => Highly subject to variations in weather conditions. => Shortfalls due to weather are generally adjusted in the following year's scheduled projects. => Assumes 5% growth for Electric through the next five years, as the City adjusts to a deregulated market. => Assumes 6% customer growth in Water for the next two years and reduced to 4% for three years. The ground and surface water supply is adequate through build out of the City's existing certificated water service area. Major treatment and system expansions will be made as growth occurs and are included in the 5 -year capital improvements schedule. The City continues to be proactive in planning for regional water needs. Wastewater Revenue Projections: => Based on average monthly billings adjusted for customer growth. => Assumes 6% customer growth for the next two years and reduced to 4% for three years. The new Pecan Branch plant is scheduled for construction in 2000/09 to accomodate the growth in customers. FINANCIAL SUMMARY ANNUAL OPERATING PLAN ELEMENT 2000/01 39 Capital Recovery Fee Revenue $2,500,000 $2,000,000 $1,500,000 Service Improvement Fees $1,000,000 $500,000 $0 94/95 95/96 96/97 97/98 98/99 99/00' 00/01' 01/02' 01/02' 03/04' 04/05' "Projected Fiscal Year 95/96 96/97 97/98 98/99 99/00* 00/01* 01/02* 02/03* 03/04* 04/05* (in thousands) Service Improvement Fees: Water 1,313 1,017 866 632 747 798 798 798 798 798 Wastewater 803 622 530 386 395 395 395 395 395 395 Total 2,116 1,639 1,396 1,018 1,142 1,193 1,193 1,193 1,193 1,193 Impact Fees: Water N/A 169 204 410 415 268 268 268 268 268 Wastewater N/A 106 135 245 280 165 165 165 165 165 Total N/A 275 339 655 695 433 433 433 433 433 Service Improvement Fees: => Del Webb Collected from Del Webb's Sun City Georgetown on a per unit basis to offset cost of infrastructure improvements to serve the development. The fees, similar to impact fees, are collected for water, wastewater, streets and fire improvements as part of the development agreement for the 12 - 15 year project. => Water Service Improvement Fees $1,986 per unit => Wastewater Service Improvement Fees $1,215 per unit Street and fire fees are not significant and are presented as part of other revenues. => Esca/ara Ranch Collected from the developer on a per unit basis to offset cost of Water infrastructure improvements to serve the development. The fee of $3,391 per unit will be collected as the buildout continues. 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. FINANCIAL SUMMARY 40 ANNUAL OPERATING PLAN ELEMENT 2000/01 Other Enterprise Fund. Revenues $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 94/95 95/96 96/97 97/98 98/99 99/00* 00/01' 01/02* *Projected Fiscal Year 94/95 95/96 96/97 97198 98199 99100* 00/01* 01/02* (in thousands) Stormwater Drainage 100 260 327 461 616 669 716 736 Airport 379 458 603 596 724 1,220 1,386 1,346 Sanitation 1,147 1,292 1,507 1,680 1,910 2,071 2,538 2,635 Sanitation Revenue: Sanitation revenue includes fees collected for curbside pick-up and recycling, special pick-ups and dumping fees at the City's collection station. Rates are expected to increase in November to offset rising operational costs by the City's sanitation contractor. Growth in the City's customer base continues to be steady. Airport Revenue: Airport revenue consists primarily of fuel sales, T -hangar rentals and tie -down fees. A 63 -space T -hangar facility was completed in January 2000, to accommodate demand for hangar rental space, therefore increasing revenues. Stormwater Drainage: Revenue for stormwater drainage is collected on a per unit basis to pay for the maintenance of drainage, detention and filtration infrastructure. This fee also funds debt service payments for bonds previously issued for capital improvement projects. Fees apply within the incorporated city limits and the growth will be consistent with other utility customer growth. FINANCIAL SUMMARY ANNUAL OPERATING PLAN ELEMENT 2000/01 41 Other Miscellaneous Revenues $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 94/95 95/96 96197 97/98 98/99 99100' 00/01' 01/02' *Projected Fiscal Year 94195 95196 96/97 97/98 98/99 99100* 00101* 01102* (in thousands) Interest Income 683 1,054 819 1,296 1,653 1,557 1,233 1,112 Grant Revenue 630 540 1,212 1,184 308 796 941 78 Miscellaneous Revenue 1,774 2,868 2,474 4,136 2,848 3,274 2,909 2,947 Interest Income => Revenue peaked in 1998/99 due to the investment of proceeds from 1998 and 1999 bond issues. Interest revenue declines as projects are completed and bond proceeds are spent. => Interest revenues are projected based on anticipated cash balances available from: *Fund balances *Bond proceeds *Contingency reserves *Debt service funds Grant Revenue The City receives grants for a variety of purposes including law enforcement, emergency management, tree planting, parks and airport construction. Grant revenue is projected based on pending and approved grant commitments. Miscellaneous Revenue => Includes one time increases, such as the investment income from the sale of assets originally purchased for an economic development project in 1997/98. Miscellaneous fees are expected to remain stable for 2000/01 and include revenues and funding sources not appropriate to other categories and also the following specific revenues: *Franchise fees *Building permits *Fines *Building permits *Mapping fees *Donations *Surplus property sales *Platting fees *Other user fees *Parks & recreation charges *HoteUmotel taxes FINANCIAL SUMMARY 42 ANNUAL OPERATING PLAN ELEMENT 2000/01 4. 4 GEORG�T �D This page intentionally left blank. FINANCIAL SUMMARY ANNUAL OPERATING PLAN ELEMENT 2000/01 43 General Special Capital Total General Revenue Projects Budget Fund Funds Funds Beginning Fund Balances ! 25,969,210 3,250,201 728,433 4,973,517 Working Capital ;p SOURCES & REVENUES: Property taxes 5,106,500 2,430,000 820,500 Sales taxes 3,600,000 3,600,000 Bond Proceeds 2,204,500 1,130,000 Charges for Services 7,494,879 929,714 Capital Recovery Fees 433,125 rT Special Improvement Fees 1,493,545 300,625 LLi Utility Revenues 33,512,574 Grants 941,259 793,809 Interest 1,233,034 128,403 46,240 185,051 Other Revenue 6,510,252 1,163,729 2,161,942 Interfund Transfers 6,829,976 4,121,500 272,026 795,000 Total Revenues 69,359,644 12,373,346 4,094,517 2,410,676 i USES & EXPENSES: Community Owned Utilities 12,572,859 1,547,221 fid Purchased Power 12,542,100 i Community Services 5,186,315 1,575,212 54,644 k� Development Services 1,374,276 1,374,276 Economic Development 351,756 351,756 Finance & Administration 3,480,822 159,669 20,000 Fire Services 2,993,767 2,993,767 Information Resources 1,136,326 13,367 Management Services 3,039,418 896,910 Parks & Recreation 2,588,906 1,552,508 1,036,398 Police Services 4,083,354 3,908,790 174,564 Capital Improvements 22,417,285 650,000 7,384,193 Debt Payments 5,681,022 Interfund Nondepartmental Chrg 1,124,389 1,124,389 Interfund Transfers 6,829,976 38,026 715,000 $7 Total Uses & Expenses 85,402,571 13,623,547 4,562,950 7,384,193 I Ending Fund Balance/ 9,926,283 2,000,000 260,000 0 P� Working Capital RESERVATIONS: Contingency 8,500,000 2,000,000 260,000 Capital Projects/Other 1,426,283 Available Fund Balance/ 0 0 0 0 Working Capital Employees - Full Time Equivalents 350.50 201.75 38.50 0.00 FINANCIAL SUMMARY 44 ANNUAL OPERATING PLAN ELEMENT 2000/01 General Debt Other Internal Service Electric Wastewater Water Enterprise Service Fund Fund Fund Fund Funds(1) Funds Beginning Fund Balances / 625,913 4,619,398 6,340,192 4,099,191 975,383 356,982 Working Capital SOURCES & REVENUES: Property taxes 1,856,000 Sales taxes Bond Proceeds 1,074,500 Charges for Services 6,565,165 Capital Recovery Fees 165,000 268,125 Special Improvement Fees 394,875 798,045 Utility Revenues 19,543,796 4,000,000 6,715,000 3,253,778 Grants 147,450 Interest 58,000 236,253 261,675 203,048 35,809 78,555 Other Revenue 748,550 376,600 433,190 1,572,901 53,340 Interfund Transfers 825,450 816,000 Total Revenues 1,914,000 21,603,099 6,023,600 8,564,858 4,862,488 7,513,060 USES & EXPENSES: Community Owned Utilities 3,119,282 2,153,576 4,294,252 475,106 983,422 Purchased Power 12,542,100 Community Services 3,556,459 Development Services Economic Development Finance & Administration 3,301,153 Fire Services Information Resources 1,122,959 Management Services 2,142,508 Parks & Recreation Police Services Capital Improvements 3,349,150 7,930,000 2,315,730 788,212 Debt Payments 1,887,462 996,165 1,118,916 1,310,217 368,262 Interfund Nondepartmental Chrg Interfund Transfers 2,815,800 286,300 2,413,850 241,000 320,000 Total Uses & Expenses 1,887,462 22,822,497 11,488,792 10,334,049 5,429,039 7,870,042 Ending Fund Balance/ 652,451 3,400,000 875,000 2,330,000 408,832 0 Working Capital RESERVATIONS., Contingency 3,400,000 875,000 1,700,000 265,000 Capital Projects/Other 652,451 630,000 143,832 Available Fund Balance/ 0 0 0 0 0 0 Working Capital Employees - Full Time Equivalents 0.00 17.00 7.00 8.00 11.75 66.50 (1) includes Airport, Sanitation and Storrnwater Drainage Funds FINANCIAL SUMMARY ANNUAL OPERATING PLAN ELEMENT 2000/01 45 46 General Fund. 99/00 00/01 01/02 98/99 99/00 Projected Adopted Projected Actual Budget Actual Budget Budget 2,241,091 2,430,000 Beginning Fund Balance 3,425,671 2,239,332 2,632,703 3,250,201 2,000,000 REVENUES: 1,460,108 1,454,944 1,575,212 1,509,212 1,271,215 Property Taxes 1,907,978 2,264,000 2,241,091 2,430,000 3,130,000 Sales Taxes 2,858,475 2,725,000 3,250,000 3,600,000 3,950,000 Interest 119,868 112,883 112,883 128,403 136,592 Administrative Charges 734,213 821,549 815,380 929,714 929,714 All Other Revenue 1,259,418 1,027,375 1,228,138 1,163,729 1,236,138 Tfs In - Return on Investment 1,977,406 2,041,025 2,096,500 2,159,100 2,242,450 Transfers In - Other 1,794,597 3,340,788 3,340,788 1,962,400 1,910,000 Total Revenues 10,651,955 12,332,620 13,084,780 12,373,346 13,534,894 EXPENSES: Community Services Development Services Finance & Administration Fire Services Management Services Parks and Recreation Police Services Interfund Nondept'I Chrg Transfers Out Total Expenses 1,268,917 1,460,108 1,454,944 1,575,212 1,509,212 1,271,215 1,348,244 1,302,286 1,374,276 1,369,176 133,671 156,040 155,125 159,669 159,669 2,389,632 2,543,936 2,513,478 2,993,767 2,993,172 612,825 717,405 707,654 896,910 882,910 1,247,453 1,482,419 1,439,424 1,552,508 1,552,577 3,377,274 3,600,758 3,553,684 3,908,790 3,908,790 1,033,714 1,101,207 1,180,926 1,124,389 1,124,389 110,222 161,835 159,761 38,026 34,999 11, 444, 923 12,571,952 12,467,282 13,623,547 13, 534,894 Ending Fund Balance 2,632,703 2,000,000 3,250,201 2,000,000 2,000,000 RESERVATIONS: Contingency 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 Available Fund Balance 632,703 0 1,250,201 0 0 FINANCIAL SUMMARY ANNUAL OPERATING PLAN ELEMENT 2000/01 Revenues 2000/01 Expenditures 2000/01 Tfr In- Other 1d°i Tfr In - Retum on Inv. 16% Fur Balai 90, Admin Charges 7% Interest & n+k. Sales Taxes 27% Property Taxes 18% Police Svcs 28.7% Intfd NoCnh ept'I Transfers Com Svcs 8.3% 0.3% 11.6% 6.6% Parks 11.4% 3V Svcs 10.1% F&A 1.2% -e Svcs >2.0% Punct. 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. Significant Issues/Comments: => Fire Services opened a temporary station at the Airport in 1999/00 to provide fire protection in that area. The permanent facility for Fire Station 4 is expected to be completed in December 2000 and will require $260,000 in staffing and operational costs. In 2000/01, an additional six firefighters will be hired, along with an operations chief, to alleviate staffing issues. => The Police Services budget increased as the City assumes the full funding for five police officers originally hired through a U.S. Department of Justice Community Oriented Policing Services grant. => Parks and Recreation assumed funding for two previously grant funded positions when the grants expired September 30, 2000. => $150,000 of contingency funds, used at the Council's discretion, have been included in the City Council depart- ment budget. The funding for council contingency was previously budgeted in the utility funds. FINANCIAL SUMMARY ANNUAL OPERATING PLAN ELEMENT 2000/01 47 48 Streets Puna. EXPENSES: Community Owned Utilities - Streets 985,936 1,127,045 99/00 00/01 01/02 Transfers Out - Capital Projects 98/99 99100 Projected Adopted Projected Actual Budget Actual Budget Budget 1,710,801 1,798,045 1,764,495 2,262,221 2,186,221 Ending Fund Balance Beginning Fund Balance 354,556 214,047 273,189 386,674 153,000 REVENUES: Contingency Property Taxes (Dedicated) 597,246 671,000 700,358 800,000 900,000 Franchise Fees 986,365 1,047,272 1,141,689 1,198,547 1,267,721 Interest 16,049 7,793 25,000 30,000 18,500 Grant Revenue Transfers In 29,774 10,933 10,933 Total Revenues 1,629,434 1,736,998 1,877,980 2,028,547 2,186,221 EXPENSES: Community Owned Utilities - Streets 985,936 1,127,045 1,093,495 1,547,221 1,411,221 Transfers Out - Capital Projects 724,865 671,000 671,000 715,000 775,000 Total Expenses 1,710,801 1,798,045 1,764,495 2,262,221 2,186,221 Ending Fund Balance 273,189 153,000 386,674 153,000 153,000 RESERVATIONS: Contingency 153,000 153,000 153,000 153,000 Available Fund Balance 273,189 0 233,674 0 0 FINANCIAL SUMMARY ANNUAL OPERATING PLAN ELEMENT 2000/01 Franchi Fee 58.7% Revenues 2000/01 Fund Balance Interest Puna. Description: Expenditures 2000/01 'roperty Transfer Tax 38% 37.5% )perations 62% The Streets Special Revenue Fund (SRF) was created in 1996/97 as part of the City's effort to dedicate sufficient financial resources to street repair and maintenance, as well as to track funds received for use of public rights-of-way. => Five cents of the City's $0.31409 property tax rate is dedicated to streets. => Franchise fees from service providers (telephone, gas, cable TV, etc.) and city -owned utilities are deposited directly to the Streets SRF because these fees are reimbursements to the City for rental of streets and rights-of-way, as well as, for added wear and tear due to street cuts and traffic diversions. => Street Department personnel and operating costs are included in this fund. => Any excess funds are transferred to Streets Capital Projects for transportation system expansion and improvements. Significant Issues/Comments: ` => Transfers Out are made to Streets -General Capital Projects to fund the 2000/01 portion of the 5 -year capital improvements plan. => Revenue from property taxes and franchise fees continues to rise due to growth in appraised valuation and the increasing number of utility customers. => Beginning in 2000/01, the $250,000 normally budgeted for unscheduled street repairs and maintenance has been moved from the capital projects fund to the Streets SRF. FINANCIAL SUMMARY ANNUAL OPERATING PLAN ELEMENT 2000/01 49 50 Electric Fund, 99/00 00101 01/02 98199 99/00 Projected Adopted Projected Actual Budget Actual Budget Budget 1,566,523 1,074,500 Beginning Working Capital 6,353,361 4,717,383 5,242,470 4,619,398 3,400,000 REVENUES: Electric Services 17,843,712 18,408,000 18,822,000 19,543,796 20,789,163 Bond Proceeds 11,584,455 1,530,000 1,566,523 1,074,500 1,975,500 Interest 329,214 255,904 232,520 236,253 236,115 All Other Revenue 646,324 754,643 789,350 748,550 768,550 Transfers In 8,198 7,355 7,355 2,815,800 2,918,700 Total Revenues 18,827,448 20,955,902 21,417,748 21,603,099 23,769,328 EXPENSES: Community Owned Utilities 2,612,879 2,839,566 2,821,738 3,119,282 3,131,882 Purchased Power 11,584,455 11,597,040 12,083,700 12,542,100 13,095,500 Capital Projects 2,752,871 3,709,535 2,982,268 3,349,150 3,483,500 Debt Payments 495,416 681,914 681,914 996,165 1,139,746 Transfers Out 2,492,718 3,445,230 3,471,200 2,815,800 2,918,700 Total Expenses 19,938,339 22,273,285 22,040,820 22,822,497 23,769,328 Ending Working Capital 5,242,470 3,400,000 4,619,398 3,400,000 3,400,000 RESERVATIONS: Contingency 3,000,000 3,400,000 3,400,000 3,400,000 3,400,000 Other Available Working Capital 2,242,470 0 1,219,398 0 0 FINANCIAL SUMMARY ANNUAL OPERATING PLAN ELEMENT 2000/01 F Bal I Revenues 2000/01 InterestOther Bond 1% 3% Proceeds CICI.0 Il. Services 86% Fund. Description: Debt Paymen 4% Capital Projects 15% Expenses 2000/01 Transfers 100/ Operating 14% Power 55% 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 the Electric department, purchased power costs, debt payments and capital projects. The fund also makes transfers out to other funds as directed by the City Council. ,Significant Issues/Comments: =>The Customer, Choice and Control (CCC) system for automated meter reading was completed during 2000. The annual maintenance costs for Electric are estimated at $240,000, plus an additional $100,000 for meters for new growth. => Purchased power costs continue to increase proportionally with the growth in customer base. => Capital projects are funded through operating revenues and debt when needed. In 2000/01, $1,100,000 of operating revenue is used for capital projects. FINANCIAL SUMMARY ANNUAL OPERATING PLAN ELEMENT 2000/01 51 Wastewater Fund. 99/00 00/01 01102 98199 99100 Projected Adopted Projected Actual Budget Actual Budget Budget 3,800,000 4,000,000 4,400,000 Beginning Working Capital 4,345,249 2,992,887 3,112,330 6,340,192 875,000 REVENUES: 1,946,604 2,177,828 2,177,827 2,153,576 2,386,302 Wastewater Services 3,551,945 3,658,000 3,800,000 4,000,000 4,400,000 Bond Proceeds 575,943 1,285,000 1,285,000 1,118,916 1,130,389 Capital Recovery Fees 244,682 165,000 280,000 165,000 165,000 Special Improvement Fees 386,370 516,375 394,875 394,875 394,875 Interest 360,524 183,361 263,463 261,675 163,441 All Other Revenue 398,820 337,730 518,413 376,600 380,600 Transfers In 440,360 1,409,997 1,409,997 825,450 570,375 Total Revenues 5,382,701 7,555,463 7,951,748 6,023,600 6,074,291 EXPENSES: Community Owned Utilities 1,946,604 2,177,828 2,177,827 2,153,576 2,386,302 Capital Projects 3,832,019 6,757,325 1,476,787 7,930,000 1,699,000 Debt Payments 575,943 792,472 792,472 1,118,916 1,130,389 Transfers Out 261,054 270,725 276,800 286,300 858,600 Total Expenses 6,615,620 9,998,350 4,723,886 11,488,792 6,074,291 Ending Working Capital RESERVATIONS: Contingency Service Improvements Other 3,112,330 550,000 6,340,192 525,000 550,000 550,000 473,720 875,000 875,000 875,000 875,000 Available Working Capital 2,113,610 0 5,790,192 0 0 FINANCIAL SUMMARY 52 ANNUAL OPERATING PLAN ELEMENT 2000/01 SIP & ( Fee! 6% Interest 2% Revenues 2000/01 Other Transfers 3% 70i 48% astewater iervices 35% Expenses 2000/01 Debt Transfers Payments 2% I no/ Operating Capital Projects 69% Fund Description: The Wastewater Fund is used to account for the revenues from all operating and maintenance activities of the utility and the expenses of the Utility Contracts, Wastewater Collection and Wastewater Treatment Facilities departments which support those activities. Wastewater expenses include operations, payment to a private contractor to operate the City's three treatment plants, debt payments, capital projects and transfers out to other funds as directed by the City Council. Capital Recovery Fees and Service Improvement Fees are dedicated to capital improvement projects. Significant Issues/Comments: => Capital projects are funded through operating revenues, capital recovery fees and debt when needed. In 2000/01, $925,000 of operating revenue and $825,450 of Special Improvement Fees transferred from the Water Fund are used for Capital Improvements. => The City will construct the Pecan Branch Wastewater Treatment Plant in 2000/01, which will increase the City's treatment capacity by 1.5 million gallons per day. The plant is scheduled to open in Spring 2003. FINANCIAL SUMMARY ANNUAL OPERATING PLAN ELEMENT 2000/01 53 Water Puna. 99/00 00/01 01/02 98/99 99/00 Projected Adopted Projected Actual Budget Actual Budget Budget 1,368,000 410,435 268,125 Beginning Working Capital 4,605,364 5,084,873 5,573,652 4,099,191 2,330,000 REVENUES: Water Services Bond Proceeds Capital Recovery Fees Special Improvement Fees Interest Grants All Other Revenue Transfers In Total Revenues EXPENSES: Community Owned Utilities Capital Projects Debt Payments Transfers Out 6,386,530 6,375,000 6,790,400 6,715,000 7,298,000 1,500,000 1,400,000 1,400,000 2,315,730 1,368,000 410,435 268,125 415,000 268,125 268,125 631,548 945,780 747,180 798,045 798,045 273,132 197,130 286,810 203,048 203,375 18,594 147,450 467,726 407,100 654,253 433,190 484,877 18,164 2,759 2,759 9,706,129 9,595,894 10,296,402 8,564,858 9,052,422 2,689,523 3,686,453 3,455,180 4,294,252 4,210,327 3,733,660 4,861,273 4,588,012. 2,315,730 1,368,000 679,228 934,421 934,421 1,310,217 1,322,745 2,212,646 2,773,620 2,793,250 2,413,850 1,916,275 Total Expenses 9,315,057 12,255,767 11,770,863 10,334,049 8,817,347 Ending Working Capital 4,996,436 2,425,000 4,099,191 2,330,000 2,565,075 RESERVATIONS: Contingency 1,665,000 2,025,000 2,025,000 1,700,000 1,700,000 Other Conservation Rate 430,000 150,000 150,000 310,000 470,000 Service Improvements 547,498 250,000 320,000 395,075 Available Working Capital 2,353,938 0 1,924,191 0 0 FINANCIAL SUMMARY 54 ANNUAL OPERATING PLAN ELEMENT 2000/01 Revenues 2000/01 Expenses 2000/01 Interest Other SIP & CR 2% 4% I Fund Balance 19% Fund. Description: T --f- 2 Debt Payment; Nater 13% ervices 65% Capital Projects 22% Operating 42% The Water Fund is used to account for the revenues from all operating and maintenance activities of the utility and expenses of the Utility Contracts, Water Distribution and Water Treatment Facilities departments which support those activities. Water expenses include operations, payment to a private contractor to operate the City's four treatment plants, debt payments, capital projects and transfers out to other funds as directed by the City Council. Capital recovery fees, special improvement fees and revenues from summer conservation rates are dedicated to capital improvement projects. Significant Issues/Comments: - => The City will invest over $300,000 in a new integrated computer software system to improve customer to improve customer billing, financial reporting and human resource management. => Capital projects are funded through operating revenues, capital recovery fees and debt when needed. In 2000101, $950,000 of operating revenue is used for capital projects. - => Water Transfers Out include $325,450 of Del Webb Service Improvement Fees moved to the Wastewater Fund to pay for the Pecan Branch Wastewater Interceptor. => The City opened the Southside Microfiltration Plant in July 2000, increasing operational costs. FINANCIAL SUMMARY ---. ANNUAL OPERATING PLAN ELEMENT 2000/01 55 Airport Fund. 99/00 00/01 01/02 98/99 99/00 Projected Adopted Projected Actual Budget Actual Budget Budget 345,000 412,921 412,921 Beginning Working Capital 256,832 447,908 504,832 272,954 293,832 REVENUES: Fuel & Terminal Sales 548,352 555,000 875,000 973,180 933,180 Leases & Rents 175,761 429,000 345,000 412,921 412,921 Bond Proceeds 1,775,000 520,000 1,007,635 1,117,580 1,052,580 Interest 22,925 19,171 42,871 34,009 9,009 All Other Revenue 36,487 222,500 38,517 139,500 27,000 Transfers In 1,412 1.412 Total Expenses 2,310,525 Total Revenues 2,558,525 1,747,083 1,302,800 1,559,610 1,382,110 EXPENSES: Community Services 625,034 1,009,823 1,007,635 1,117,580 1,052,580 Capital Projects 1,608,389 852,653 354,607 246,000 10,000 Debt Payments 77,102 182,515 172,436 175,152 195,230 Total Expenses 2,310,525 2,044,991 1,534,678 1,538,732 1,257,810 Ending Working Capital 504,832 150,000 272,954 293,832 418,132 RESERVATIONS. Contingency Other 150,000 150,000 150,000 150,000 Capital Projects 122,954 143,832 268,132 Available Working Capital 504,832 0 0 0 0 Puna. Description: The Airport Fund is used to account for revenues and expenses related to the operation and maintenance of the Georgetown Municipal Airport. Significant Issues/Comments: => Revenues are derived from fuel sales to private aircraft, hangar leases, sales taxes generated from businesses located at the airport, and property taxes levied against privately held airport property. => Projects for a new terminal building and runway rehabilitation, which are assisted by grant funding, are scheduled for completion during 2000/01. => The Airport Fund will contribute $25,000 as matching funds for a Federal Aviation Administration noise study to determine the effect of increased traffic at the airport on the surrounding neighborhoods. FINANCIAL SUMMARY 56 ANNUAL OPERATING PLAN ELEMENT 2000/01 Sanitation Fund. 99/00 00/01 01102 98199 99/00 Projected Adopted Projected Actual Budget Actual Budget Budget 34,050 35,750 Beginning Working Capital 35,094 55,026 67,706 57,579 50,000 REVENUES: Sanitation Services 1,909,983 2,023,385 2,071,000 2,538,000 2,634,700 All Other Revenue 30,772 29,001 34,050 35,750 37,500 Transfers In 1,112 4,527 4,527 Total Revenues 1,941,867 2,056,913 2,109,577 2,573,750 2,672,200 EXPENSES: Community Services 1,795,451 1,938,599 1,993,404 2,438,879 2,523,850 Transfers Out 113,804 123,340 126,300 142,450 148,350 Total Expenses 1,909,255 2,061,939 2,119,704 2,581,329 2,672,200 Available Working Capital 67,706 50,000 57,579 50,000 50,000 RESERVATIONS. Contingency 501*000 50,000 50,000 50,000 Other Available Fund Balance 67,706 0 7,579 0 0 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 Collection Station and Utility Contracts departments, as well as payments to the City's private ` contractor for solid waste disposal services. Significant Issues/Comments: => Increased cost of service by the contractor will result in a $0.90 rate increase effective in December 2000. => This fund became self-supporting in 1998/99. FINANCIAL SUMMARY ANNUAL OPERATING PLAN ELEMENT 2000/01 57 Stormwater Drainage Fund. 99/00 00101 01102 98/99 99/00 Projected Adopted Projected Actual Budget Actual Budget Budget Beginning Working Capital 1,665,819 1,138,640 1,150,439 644,850 65,000 REVENUES: Stormwater Fees 616,213 655,000 668,900 715,778 736,318 Bond Proceeds Interest 77,858 14,772 48,987 1,800 1,800 All Other Revenue 8,930 10,955 10,955 11,550 12,050 Transfers In 19,563 3,158 3,158 25,000 Total Revenues 722,564 683,885 732,000 729,128 775,168 EXPENSES: Community Owned Utilities 360,967 437,315 423,239 475,106 475,606 Capital Projects 549,426 1,087,200 580,500 542,212 Debt Payments 170,367 193,050 193,050 193,110 254,662 Transfers Out 157,184 39,960 40,800 98,550 44,900 Total Expenses 1,237,944 1,757,525 1,237,589 1,308,978 775,168 Ending Working Capital 1,150,439 65,000 644,850 65,000 65,000 RESERVATIONS: Contingency 50,000 Other 65,000 65,000 65,000 65,000 Available Working Capital 1,100,439 0 579,850 0 0 Punct. Description: The Stormwater Drainage Fund is used to account for the operations and maintenance of the City's drainage system. Stormwater drainage expenses also include debt payments for capital improvements. Significant Issues/Comments: => Existing fees currently fund operations and existing debt service. => Additional capital and infrastructure improvements will require additional future rate increases. FINANCIAL SUMMARY 58 ANNUAL OPERATING PLAN ELEMENT 2000/0I General Capital Projects Funds - summary 2000/01 Facilities, Streets General Parks & Capital Capital Projects Public Safety Projects Total Beginning Fund Balance 3,359,193 1,614,324 4,973,517 REVENUES: Bond Proceeds 490,000 640,000 1,130,000 Interest 80,000 105,051 185,051 Service Improvement Fees 300,625 300,625 Interfund Transfers 80,000 715,000 795,000 Total Revenues 650,000 1,760,676 2,410,676 EXPENDITURES: Capital Projects 4,009,193 3,375,000 7,384,193 Total Expenditures 4,009,193 3,375,000 7,384,193 Ending Fund Balance 0 0 0 Fund Description: Capital projects funds are used to account for the acquisition and construction of major capital facilities other than those financed by Special Revenue and Enterprise Funds (i.e., utilities and airport ). Facilities, Parks & Public Safety Capital Projects Fund Includes funds for the implementation of the City's facilities construction plan, park projects and public safety related projects. The River Corridors Hike 'N Bike Trail construction is reflected in a special revenue fund, as it is partially grant funded. Public Safety Construction Fund The completion of Fire Station No. 4 and the Public Safety Facility are included for 2000101. Streets Capital Projects Fund Includes revenues from transportation improvements fee received as part of the City's development agreement with Del Webb Corp. for Sun City Georgetown. Transfers are from available balances in the Streets Special Revenue Fund. Projects to be constructed are included in the City's five-year capital improvement program FINANCIAL SUMMARY ANNUAL OPERATING PLAN ELEMENT 2000/01 59 Special Revenue Funds - Summary 2000/01 Beginning Ending Fund Fund Fund Division/Section Balance Revenues Expenditures Balance Cemetery Fund Parks & Recreation 7,300 43,900 51,200 0 Convention & Visitors Bureau Economic Development 70,178 337,378 350,556 57,000 Court Fee Fund Finance & Administration 0 20,000 20,000 0 Drug Prevention Grant Parks & Recreation 4,650 10,184 14,834 0 Economic Development Grant CIP 0 650,000 650,000 0 - (Rivery) Georgetown Village Public Improvement District Fund Parks & Recreation 0 29,500 29,500 0 Library Donations Community Services 33,544 21,100 54,644 0 Main Street Facade Fund Community Services 0 1,200 1,200 0 Mapping Fund Information Resources 9,867 3,500 13,367 0 Parks Restricted Parks & Recreation 116,862 64,388 181,250 0 Police Restricted Police Services 24,973 149,591 174,564 0 Recreation Programs Parks & Recreation 74,385 735,229 759,614 50,000 Streets Community Owned utilities 386,674 2,028,547 2,262,221 153,000 Total Special Revenue Funds 728,433 4,094,517 4,562,950 260,000 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 the following: _> Grants +' . _> Hotel/Motel taxes _> Main Street facade contributions _> Parkland dedication fees _> Recreation programs _> Streets _> Each fund is treated as a separate department of the activity or department it falls under. For example, the Library Donations SRF is considered a department under the purview of the Public Library Director, in the Community Services division _> Individual fund and program information is included following the administering department. FINANCIAL SUMMARY 60 ANNUAL OPERATING PLAN ELEMENT 2000/01 Internal Service Funds - summary 2000/01 1,122,959 4,708,029 7,870,042 Facilities Fleet Information Joint Internal 0 Maintenance Management Services Services Service Funds 7.00 Fund Fund Fund Fund Total Beginning Working Capital 2,140 37,880 6,626 310,336 356,982 REVENUES: Charges for Services 543,813 1,339,166 940,710 3,741,476 6,565,165 Interest & Other 8,000 53,055 40,623 30,217 131,895 Interfund Transfers 55,000 135,000 626,000 816,000 Total Revenues 606,813 1,392,221 1,116,333 4,397,693 7,513,060 EXPENSES: Community Owned Utilities 983,422 983,422 Finance & Administration 608,953 1,110,101 1,582,099 3,301,153 Information Resources 1,122,959 1,122,959 Management Services 2,142,508 2,142,508 Interfund Transfers 320,000 320,000 Total Expenses 608,953 1,430,101 1,122,959 4,708,029 7,870,042 Ending Working Capital 0 0 0 0 0 Employees - Full Time Equivalent 1.00 4.00 7.00 51.00 63.00 Fund Description: 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. Charges for services are based on hardware and software requirements for each department. Joint Services Fund Composed of departments providing administrative services to City funds and departments. COU Administration, Pump Maintenance, Systems Engineering and Utility Office provide support to the City's utility funds. Administrative departments, including Accounting, Employee and Organizational Services, Finance Administration, Legal Services, Purchasing and Properties and Safety Services provide support to all City funds and departments. FINANCIAL SUMMARY ANNUAL OPERATING PLAN ELEMENT 2000/01 61 ,ro 62 PED This page intentionally left blank. FINANCIAL SUMMARY ANNUAL OPERATING PLAN ELEMENT 2000/01