HomeMy WebLinkAbout04 - Financial SummaryFiNAi\TcL4-t,,
FINANCIAL SUMMARY TABLE OF CONTENTS
Summary
Where the Money Comes From .............................................. 27
Where the Money Goes (by function) .......................................... 28
Where the Money Goes ..................................................... 29
Revenues
PropertyTaxes........................................................... 30
SalesTax................................................................ 32
UtilityRevenues.......................................................... 34
Capital Recovery Fees ...................................................... 36
Other Enterprise Fund Revenues .............................................. 37
Other Miscellaneous Revenues ............................................... 38
Fund Summaries
All Funds Summary ....................................................... 40
GeneralFund............................................................. 42
StreetsFund............................................................ 44
ElectricFund............................................................. 46
Wastewater Fund.......................................................... 48
WaterFund.............................................................. 50
AirportFund............................................................. 52
Sanitation Fund........................................................... 53
Stormwater Drainage Fund .................................................. 54
General Capital Projects Funds ............................................... 55
Special Revenue Funds ..................................................... 56
Internal Service Funds ...................................................... 57
Other Enterprise Puna, Revenues
$2,500
$2,000
N
$1,500
caN
0
0
s
F
$1,000
$500
$0
93/94
94/95 95/96 96/97 97/98 98/99* 99/00*
Fiscal Year 93/94 94/95 95/96 96/97 97/98 98/99* 99/00*
(in thousands)
Stormwater Drainage N/A 100 260 327 467 635 944
Airport 379 379 458 603 573 588 685
Sanitation 1,014 1,147 1,292 1,507 1,812 1,923 2,076
*Projected
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 were increased slightly in October 1995 and will be raised $0.50/month for residential and 7.5% for
commercial in October 1998. Customer growth rates continue to mirror that of the City and other utilities.
Airport Revenue:
Airport revenue consists primarily of fuel sales, T -hangar rentals and tie -down fees. Additional T -hangars were constructed
in 1994/95 and additional hangar construction is planned for 1999/00. In addition to receiving increased revenues from the
new units constructed, the City also instituted a multi-year rental rate increase in 1995 to bring the municipal airport to a self-
supporting position. Beginning in 1998/99, the operations are self-supporting.
Stormwater Drainage:
Revenue for stormwater drainage is collected on a per unit basis to pay for the maintenance and construction of drainage,
detention and filtration infrastructure. The monthly fees were instituted at $0.75/unit in 1994/95 to cover operating costs and
were increased $0.50/unit in 1995/96, 1997/98 and 1998/99 to pay debt service on drainage improvement projects. Fees
apply within the incorporated city limit and the growth will be consistent with other utility customer growth.
- FINANCIAL SUMMARY
ANNUAL OPERATING PLAN ELEMENT 1998/99 37
Other Miscellaneous Revenues
$4
$3
2 $2
$1
93/94 94/95 95/96 96/97 97/98 98/99' 99/00'
'Projected
Fiscal Year
93194
94195
95/96
96/97
97/98
98199'
99/00'
(in thousands)
Interest Income
462
683
1,054
819
1,169
1,195
962
Grant Revenue
98
630
540
1,212
2,009
2,667
126
Miscellaneous Revenue
1,761
1,774
2,868
2,474
3,031
3,069
2,783
Interest Income
*Decrease in 1996/97 due to declining cash balances as bond proceeds were expended and excess cash reserves being
invested in economic development projects.
*42% increase in 1997/98 from the close out of a large economic development investment and new debt proceeds
*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, and parks
construction. Economic development grants, which constitute the majority of receipts, are received from the State as pass-
through grants to construct facilities and infrastructure to support businesses that are relocating to Georgetown. Grant revenue
is projected based on pending and approved grant commitments.
Miscellaneous Revenue
Miscellaneous fees are expected to remain stable for the upcoming year and include revenues and funding sources not appro-
priate 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 *Hotel/motel taxes
38
FINANCIAL SUMMARY
ANNUAL OPERATING PLAN ELEMENT 1998/99
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FINANCIAL SUMMARY
ANNUAL OPERATING PLAN ELEMENT 1998/99 39
T T
r'r'I
40
Beginning Fund Balances /
Working Capital
SOURCES & REVENUES:
Property taxes
Sales taxes
Bond Proceeds
Charges for Services
Capital Recovery Fees
Special Improvement Fees
Utility Revenues
Grants
Interest
Other Revenue
Interfund Transfers
General
Special Capital
Total General Revenue Projects
Budget Fund Funds Funds
22,377,079 3,330,340 361,266 2,421,035
4,226,131
1,911,020
594,000
10,826,444
2,572,450
2,572,450
3,232,897
586,565
4,750,000
1,306,365
1,306,365
4,000,000
6,416,950
772,415
2,264,388
398,685
943,450
1,360,425
2,720,075
612,683
29,048,395
1,924,276
557,855
3,523,726
2,666,918
245,020
2,494,968
1,194,826
149,000
75,750
174,000
8,410,289
1,205,075
4,537,908
393,125
6,163,479
3,237,308
650,806
610,865
Total Revenues 67,208,548 9,847,268 8,353,432 5,177,990
USES & EXPENSES:
Community Owned Utilities
Purchased Power
Community Services
Development Services
Finance & Administration
Fire Services
Information Resources
Management Services
Parks, Library and Recreation
Police Services
Capital Improvements
Debt Payments
Administrative Expense
Interfund Transfers
10,453,320
1,046,427
10,826,444
3,232,897
586,565
299,140
1,306,365
1,306,365
3,028,744
129,129
2,264,388
2,264,388.
943,450
2,500
2,720,075
612,683
2,482,131
1,924,276
557,855
3,523,726
3,278,706
245,020
21,630,172
5,714,448 3,952,500
3,738,832
957,190
957,190
6,163,479
118,306
647,865 500,000
Total Uses & Expenses 73,271,213 11,177,608 8,513,255 4,452,500
Ending Fund Balance / 16,314,414 2,000,000 201,443 3,146,525
Working Capital
RESERVATIONS:
Contingency 7,336,500 2,000,000 61,500
Other 8,879,672 139,943 3,146,525
Available Fund Balance/ 98,242 0 0 0
Working Capital
Employees - Full Time Equivalents 323.75 181.25 38.75 0.00
(1) Includes Airport; Sanitation and Stormwater Drainage Funds
FINANCIAL SUMMARY
ANNUAL OPERATING PLAN ELEMENT 1998/99
General
3,245,490
2,389,000
Debt
Other
Internal
Service
Electric Wastewater Water Enterprise
Service
Fund
Fund Fund Fund Funds(1)
Funds
427,740
5,556,182 4,288,595 4,217,021 1,675,168
99,732
1,721,111
2,899,615
940,950
2,107,392
3,245,490
2,389,000
750,000
2,145,384
1,766,562
495,415
668,653
5,644,535
221,793
130,560
268,125
2,459,127
252,778
1,640,341
516,375
844,050
17,184,835
3,374,495
5,963,600
2,525,465
20,344,887
5,318,183
9,295,029
171,950
7,045,240
476,239
42,000 298,726
180,600
155,000
37,500
82,250
51,950 800,967
318,204
483,465
619,595
50,000
405,000
460,823
3,370,646
1,259,500
1,815,061 18,284,528
4,925,234
7,886,190
3,932,560
6,986,285
3,318,411
2,007,752
2,884,929
378,518
817,283
10,826,444
57,465
40,777
0.00
2,347,192
97.25
2,899,615
940,950
2,107,392
41
3,245,490
2,389,000
4,183,350
2,145,384
1,766,562
495,415
668,653
586,409
221,793
2,459,127
252,778
1,640,341
265,062
280,000
1,766,562
20,344,887
5,318,183
9,295,029
5,357,949
7,045,240
476,239
3,495,823
3,895,646
2,808,182
249,779
40,777
3,035,000
525,000
1,665,000
50,000
476,239
460,823
3,370,646
1,143,182
142,314
0
0
0
0
57,465
40,777
0.00
97.25
6.00
6.75
90.75
63.00
FINANCIAL SUMMARY
ANNUAL OPERATING PLAN ELEMENT
1998/99
41
42
General Fund.
Beginning Fund Balance
REVENUES:
Property Taxes
Sales Taxes
Interest
Administrative Charges
All Other Revenue
Transfers In
Total Revenues
EXPENSES:
Community Services
Development Services
Finance & Administration
Fire Services
Information Services
Management Services
Parks, Library & Recreation
Police Services
Administrative Expense
Transfers Out
Total Expenses
97/98 98/99 99/00
96/97 97/98 Projected Adopted Projected
Actual Budget Actual Budget Budget
3,143,029 2,129,414 2,179,549 3,330,340 2,000,000
1,131,174
1,452,080
1,590,994
1,911,020
2,225,706
2,159,689
2,263,500
2,370,000
2,572,450
2,798,570
72,714
40,000
100,000
149,000
149,000
1,423,881
1,764,050
1,766,682
772,415
772,415
1,101,988
1,123,063
1,532,631
1,205,075
1,116,433
3,489,542
5,234,761
5,275,786
3,237,308
4,323,147
9,378,988 11,877,454 12,636,093 9,847,268 11,385,271
631,329
788,910
686,526
586,565
575,809
1,052,502
1,310,070
1,294,353
1,306,365
1,284,795
791,537
924,862
924,085
129,129
129,129
1,739,640
1,929,176
1,864,400
2,264,388
2,470,873
230,321
0
0
0
0
1,335,801
1,846,019
1,700,423
612,683
612,683
1,627,386
1,821,690
1,820,244
1,924,276
1,924,689
2,672,479
3,078,061
2,896,614
3,278,706
3,278,706
0
0
0
957,190
957,190
261,473
308,080
298,657
118,306
151,397
10,342,468 12,006,868 11,485,302 11,177,608 11,385,271
Ending Fund Balance 2,179,549 2,000,000 3,330,340 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 179,549 0 1,330,340 0 0
FINANCIAL SUMMARY
ANNUAL OPERATING PLAN ELEMENT 1998/99
Revenues 1998/99
Property Taxes 19
Sales
Taxes 26%
Interest & Other 14
Admin
Charges 8%
Transfers In 33%
Expenditures 1998/99
Fire Svcs 22%
Parks 19
Managemi
Svcs 6%
Finance 1
velopment Svcs 13%
Community
Svcs 6%
Transfers 1
rouue Svcs 327a
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.
signiiieant Issues/Comments:
*Beginning in 1998/99 several administrative departments have been transferred to the Joint Services
Internal Service Fund to allow better allocation of those costs to the various fund and departments. The
departments transferred are Accounting, Employee and Organizational Services, Finance Administration,
Legal Services, Purchasing and Properties, and Safety Services.
*Transfers In includes funds received from enterprise funds as a return on investment. In 1998/99, return
on investment is $1,902,308.
*Fire Services will open Fire Station No. 3, located at Sun City Georgetown. The opening requires 11 new
firefighters (6 in late 1997/98 and 5 in early 1998/99), plus operating costs.
*Police Services added 5 positions during 1997/98. The 12 -month cost of these positions, additional
operating costs for building remodeling to be complete in February 1999 and new public safety
software costs are included in 1998/99.
*Parks, Library and Recreation will add one additional Children's Librarian in 1998/99.
FINANCIAL SUMMARY
ANNUAL OPERATING PLAN ELEMENT 1998/99 43
Streets Puna.
Beginning Fund Balance
REVENUES:
Property Taxes (Dedicated)
Franchise Fees
Interest
Grant Revenue
All Other Revenue
Transfers In
Total Revenues
EXPENSES:
Community Owned Utilities
Transfers Out
Total Expenses
97/98 98199 99/00
96/97 97/98 Projected Adopted Projected
Actual Budget Actual Budget Budget
0 26,855 28,301 219,354 29,326
253,388
409,036
443,492
594,000
656,000
703,973
755,120
794,409
885,264
972,915
1,716
9,264
2,000
10,000
10,000
0
0
125,000
0
0
9,063
0
0
0
0
175,413
183,500
183,500
0
0
1,143, 553 1,356,920 1,548,401 1,489,264 1,638,915
856,052 963,127 936,700 1,046,427 1,040,827
259,200 420,648 420,648 632,865 515,000
1,115,252 1,383,775 1,357, 348 1,679,292 1,555,827
Ending Fund Balance 28,301 0 219,354 29,326 112,414
44
FINANCIAL SUMMARY
ANNUAL OPERATING PLAN ELEMENT 1998/99
Revenues 1998/99 Expenditures 1998/99
Property Taxes 35.4%
Franchise Fees 52.7%
Puna. Description:
Interest .06%
Fund
Balance 11.3%
Operations 62.3%
Transfers 37.7%
The Streets Special Revenue Fund (SRF) was set up 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 $0.35 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 owned by the citizens of Georgetown, and for added wear and
tear caused by these utilities 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:
The Street Department will add a CIP & Customer Coordinator to oversee street and related capital
projects. The department budget is also increased for anticipated market salary adjustments.
* Transfers Out are made to Streets -General Capital Projects to fund the 1998/99 portion of the 5 -year
capital improvements plan.
FINANCIAL SUMMARY
ANNUAL OPERATING PLAN ELEMENT 1998/99 45
Electric Fund.
97/98
98199
99100
96197 97/98 Projected
Adopted
Projected
Actual Budget Actual
Budget
Budget
3,894,620
0
2,050,000
Beginning Working Capital 3,033,634 4,720,343 4,349,240
5,556,182
3,495,823
REVENUES:
Electric Services
14,814,125
15,418,524
16,085,000
17,184,835
18,275,820
Bond Proceeds
2,481,000
1,630,000
3,894,620
0
2,050,000
Interest
167,861
223,152
341,025
298,726
253,699
All Other Revenue
902,861
1,493,549
1,548,393
800,967
766,747
Transfers In
12,315
14,183
14,183
0
0
Total Revenues 18,378,162 18,779,408 21,883,221 18,284,528 21,346,266
EXPENSES:
Community Owned Utilities
2,010,578
2,854,984
2,840,136
3,318,411
2,952,956
Purchased Power
9,749,800
9,713,670
10,133,550
10,826,444
11,488,567
Capital Projects
2,976,366
4,919,775
4,470,099
3,245,490
3,807,750
Debt Service
426,195
285;821
262,553
495,415
681,020
Transfers Out
1,899,617
2,925,501
2,969,941
2,459,127
2,773,723
Total Expenses 17,062,556 20,699,751 20,676,279 20,344,887 21,704,016
Ending Working Capital
RESERVATIONS:
Contingency
Capital Projects
4,349,240 2,800,000 5,556,182 3,495,823 3,138,073
2,375,000 2,800,000 2,800,000 3,035,000 3,135,000
886,130 0 2,555,051 460,823 3,073
Available Working Capital 1,088 110 0 201,131 0 0
46
FINANCIAL SUMMARY
ANNUAL OPERATING PLAN ELEMENT 1998/99
Revenues 1998/99
Electric Service 85.3%
All Other
Revenue 5.3%
=und
3alance 9.4%
Expenses 1998/99
Purchased Power 54%
Capital Projects 15%
)perating 17%
Transfers 12%
)t Service 2%
Puna, 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
the Electric department, purchased power costs, debt service and capital projects. The fund also
makes transfers out to other funds as directed by the City Council.
)Significant Issues/Comments:
In anticipation of retail electric deregulation in 2001, the City will spend $377,000 to replace the
existing utility billing system with a Customer Information System and start up a variety of new
programs including time -of -use rates, full page statement billing and rebates to customer
specified non-profit organizations.
The Customer, Choice and Control, or CCC, system (automated meter reading system) will be
completed during 1998/99. One full time systems operator will be added to oversee the system.
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 1998/99,
$1,001,000 of operating revenues are used for capital projects.
FINANCIAL SUMMARY
ANNUAL OPERATING PLAN ELEMENT 1998/99 47
Wastewater Fund.
97/98 98199 99/00
96/97 97/98 Projected Adopted Projected
Actual Budget Actual Budget Budget
Beginning Working Capital 3,239,974 2,624,357 2,880,367 4,288,595 3,895,646
REVENUES:
2,004,961
2,467,288
2,489,604
2,007,752
1,990,949
Wastewater Services
3,176,383
3,174,652
3,119,000
3,374,495
3,492,568
Bond Proceeds
0
0
2,555,638
0
0
Capital Recovery Fees
105,905
163,200
133,000
130,560
130,560
Special Improvement Fees
622,080
637,875
546,750
516,375
516,375
Interest
136,208
78,838
155,850
180,600
201,600
All Other Revenue
87,694
539,142
424,366
318,204
329,511
Transfers In
2,680
405,739
3,255
405,000
0
Total Revenues 4,130,950 4,999,446 6,937,859 4,925,234 4,670,614
EXPENSES:
Community Owned Utilities
2,004,961
2,467,288
2,489,604
2,007,752
1,990,949
Capital Projects
780,995
1,852,588
1,445,033
2,389,000
4,619,550
Debt Service
764,274
871,029
605,104
668,653
918,987
Transfers Out
940,327
1,005,584
989,890
252,778
260,118
Total Expenses
4,490,557
6,196,489
5,529,631
5,318,183
7,789,604
Ending Working Capital 2,880,367 1,427,314 4,288,595 3,895,646 776,656
RESERVATIONS:
Contingency 910,000 600,000 600,000 525,000 525,000
Capital Projects 1,967,862 424,830 3,532,317 2,870,646 1,656
Service Improvements 97,693 402,484 0 500,000 250,000
Available Working Capital (95,188) 0 156,278 0 0
FINANCIAL SUMMARY
48 ANNUAL OPERATING PLAN ELEMENT 1998/99
Revenues 1998/99 Expenses 1998/99
Wastewater Service 63.5%
Fund Balance r.j7o
Puna. Description:
Operating 37.7%
All Other Revenue 29.2% Capital Projects 44.9%
Transfers 4.8%
t Service 12.6%
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 service, 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:
* One-time legal expenses were incurred in 1997/98 for a dispute relating to one of the City's treatment
plants.
* Debt service is reduced by approximately 13% long-term due to a complete refunding and restructure
of the City's utility system revenue debt. The restructuring reduced wastewater debt through 1999/00
-- despite additional debt being issued.
* Capital projects are funded through operating revenues, capital recovery fees and debt when needed.
- In 1998/99, $1,447,000 of operating revenue is used for capital projects.
FINANCIAL SUMMARY
ANNUAL OPERATING PLAN ELEMENT 1998/99 49
Water Puna.
97/98 98199 99100
96/97 97/98 Projected Adopted Projected
Actual Budget Actual Budget Budget
Beginning Working Capital 3,251,871 3,425,951 3,078,977 4,217,021 2,808,182
REVENUES:
2,764,026
2,777,322
2,753,715
2,884,929
2,852,790
Water Services
5,348,446
5,836,198
5,836,450
5,963,600
6,378,200
Bond Proceeds
1,654,000
0
0
0
0
Capital Recovery Fees
168,650
272,000
200,000
268,125
268,125
Special Improvement Fees
1,016,836
1,042,650
893,700
844,050
844,050
Interest
111,167
110,851
142,100
155,000
149,000
Grants
0
0
0
171,950
0
All Other Revenue
132,606
308,060
607,456
483,465
491,793
Transfers In
4,070
1,947
1,947
0
0
Total Revenues 8,435,775 7,571,706 7,681,653 7,886,190 8,131,168
EXPENSES:
Community Owned Utilities
2,764,026
2,777,322
2,753,715
2,884,929
2,852,790
Capital Projects
2,861,467
3,482,000
1,289,000
4,183,350
1,895,000
Debt Service
1,464,423
1,419,508
1,064,630
586,409
806,118
Transfers Out
1,518,753
1,798,827
1,436,264
1,640,341
2,307,135
Total Expenses 8,608,669 9,477,657 6,543,609 9,295,029 7,861,043
Ending Working Capital
RESERVATIONS:
Contingency
Capital Projects
Conservation Rate
Service Improvements
3,078,977 1,520,000 4,217,021 2,808,182 3,078,307
1,500,000
1,520,000
1,520,000
1,665,000
1,740,000
971,209
0
1,603,909
91,182
91,307
82,000
0
182,000
302,000
422,000
542,924
0
425,000
750,000
825,000
Available Working Capital (17,156) 0 486,112 0 0
50
FINANCIAL SUMMARY
ANNUAL OPERATING PLAN ELEMENT 1998/99
Revenues - 1998/99
Water Service 67.2%
Fund Balance 15.1
Puna, Description:
All Other
Revenue 20.7%
Expenses - 1998/99
c;apirai r-rojecrs flora
rating 31
'ransfers 17.7%
Debt Service 6.3%
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 three treatment plants, debt service, 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:
- * Debt service is reduced by approximately 13% long-term due to a complete refunding and restructure
of the City's utility system revenue debt. The restructuring reduced water debt through the life of the issue
and eliminated any new debt through 1999/00.
* Capital projects are funded through operating revenues, capital recovery fees and debt when needed.
In 1998/99, $1,646,000 of operating revenue is used for capital projects.
FINANCIAL SUMMARY
ANNUAL OPERATING PLAN ELEMENT 1998/99 51
Airport Fund
97/98
98/99
99/00
96/97 97/98 Projected
Adopted
Projected
Actual Budget Actual
Budget
Budget
152,600
158,000
243,000
Beginning Working Capital 53,897 26,517 13,320
174,296
29,123
REVENUES:
Fuel & Terminal Sales
388,903
385,300
403,400
413,550
423,900
Leases & Rents
148,264
151,000
152,600
158,000
243,000
Bond Proceeds
0
0
129,208
750,000
0
Interest
5,949
2,700
2,400
12,500
2,500
All Other Revenue
12,765
14,000
14,000
16,000
18,000
Transfers In
52,734
3,066
3,066
0
0
Total Revenues 608,615 556,066 704,674 1,350,050 687,400
Community Services 484,746 524,745 543,698 545,873 552,873
Capital Projects 119,201 0 0 897,400 0
Debt Service 45,245 45,225 0 51,950 115,038
Total Expenses
649,192
569,970
543,698
1,495,223
667,911
Ending Working Capital
13,320
12,613
174,296
29,123
48,612
RESERVATIONS:
Capital Projects 0 0 127,400 0 0
Available Working Capital 13,320 12,613 46,896 29,123 48,612
Fund Decription:
" The Airport Fund is used to account for revenues and expenses related to the operation and
maintenance of the Georgetown Municipal Airport.
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.
The fund became self-supporting in 1997/98, through scheduled increases in hangar leases and
rising fuel sales.
The completion of a 36 -space T -hangar project in 1998/99 will result in additional lease revenues
needed to pay debt service and limited overhead for the facility.
FINANCIAL SUMMARY
52 ANNUAL OPERATING PLAN ELEMENT 1998/99
Sanitation Fund.
97/98 98199 99/00
96197 97198 Projected Adopted Projected
Actual Budget Actual Budget Budget
Beginning Working Capital 14,704 (52,467) (39,221) 10,973 25,370
REVENUES:
Sanitation Services 1,478,152 1,565,687 1,682,908 1,894,421 2,045,698
All Other Revenue 27,647 28,799 26,125 28,122 30,063
Transfers In 881 102,865 102,865 0 0
" Total Revenues 1,506,680
1,697,351 1,811,898 1,922,543
2,075,761
EXPENSES:
Community Services 1,469,684
1,549,239 1,659,175 1,801,319
1,942,697
Transfers Out 90,921
95,645 102,529 106,827
112,160
Total Expenses 1,560,605
1,644,884 1,761,704 1,908,146
2,054,857
Available Working Capital (39,221)
0 10,973 25,370
46,274
Puna. 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
include
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.
* Sanitation rates are proposed to increase
by $0.50/month for residential customers and 7.5% foi
commercial customers.
* The City will change its private contractor to Texas Disposal Systems effective October 1, 1998.
* This fund will be self-supporting beginning in 1998/99.
FINANCIAL SUMMARY
ANNUAL OPERATING PLAN ELEMENT 1998/99 53
Stormwater Drainage Fund
97198 98199 99100
96/97 97/98 Projected Adopted Projected
Actual Budget Actual Budget Budget
Beginning Working Capital
REVENUES:
Stormwater Fees
Bond Proceeds
Interest
All Other Revenue
Transfers In
Total Revenues
EXPENSES:
141,882 10,696 93,518 1,489,899 195,286
294,610
439,190
458,243
631,044
660,204
0
2,245,000
2,274,059
0
275,000
9,048
36,500
31,250
25,000
25,000
6,503
5,983
6,906
3,923
8,647
26,275
2,215
2,215
0
0
336,436 2,728,888 2,772,673 659,967 968,851
Community Owned Utilities
232,112
300,097
298,416
378,518
379,110
Capital Projects
75,386
1,281,000
990,675
1,247,984
411,300
Debt Service
59,358
59,358
59,358
169,843
192,700
Transfers Out
17,944
26,627
27,843
158,235
40,011
Total Expenses 384,800 1,667,082 1,376,292 1,954,580 1,023,121
Ending Working Capital
RESERVATIONS:
Contingency
Capital Projects
93,518 1,072, 502 1,489,899 195,286 141,016
25,000 40,000 40,000 50,000 75,000
50,664 1,032,502 1,365,298 142,314 31,014
Available Working Capital 17,854 0 84,601 2,972 35,002
Fund 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 service for capital
improvements.
The City implemented a fee increase in two phases, $0.50/unit/month in October 1997 and
$0.50 in October 1998. The additional fee revenue pays debt service on a $2.2 million capital
improvement program and offsets operating deficits.
FINANCIAL SUMMARY
54 ANNUAL OPERATING PLAN ELEMENT 1998/99
General Capital Projects Funds - summary 1998/99
EXPENDITURES:
Capital Projects 760,000 1,122,000 2,070,500 3,952,500
Interfund Transfers 500,000 500,000
Total Expenditures 1,260,000 1,122,000 2,070,500 4,452,500
Ending Fund Balance 2,845,500 123,325 177,700 3,146,525
Fund. Description:
Capital projects funds are used to account for the acquisition and construction of major capital facilities other that
those financed by Special Revenue and Enterprise Funds (i.e., utilities and airport ).
Parks & Other Capital Projects Fund
Includes funds for the purchase of Berry Creek Racquet Club and various small projects. The $1,250,000 Rivet
Corridors Hike 'n Bike Trail construction is reflected in a special revenue fund with related bond proceeds of
$500,000 transferred to that fund.
Public Safety Construction Fund
Includes the completion of the expansion and remodeling of the Police Services Building, construction of Fire
Fire Station No. 4 on Shell Spur and purchase of land for a future south side fire station.
Streets Capital Projects Fund
Includes revenues from transportation improvements fees received as part of the City's development agreement
with Del Webb Corp. for Sun City Georgetown. Transfers come 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 1998/99 55
Parks &
Other
Projects
Public
Safety
Construction
Streets
Capital
Projects
General
Capital Projects
Total
Beginning Fund Balance
1,114,000
300,325
1,006,710
2,421,035
REVENUES:
Bond Proceeds
2,878,000
922,000
200,000
4,000,000
Interest
68,500
23,000
70,000
161,500
Service Improvement Program Fees
393,125
393,125
Other
12,500
12,500
Interfund Transfers
32,500
578,365
610,865
Total Revenues
2,991,500
945,000
1,241,490
5,177,990
EXPENDITURES:
Capital Projects 760,000 1,122,000 2,070,500 3,952,500
Interfund Transfers 500,000 500,000
Total Expenditures 1,260,000 1,122,000 2,070,500 4,452,500
Ending Fund Balance 2,845,500 123,325 177,700 3,146,525
Fund. Description:
Capital projects funds are used to account for the acquisition and construction of major capital facilities other that
those financed by Special Revenue and Enterprise Funds (i.e., utilities and airport ).
Parks & Other Capital Projects Fund
Includes funds for the purchase of Berry Creek Racquet Club and various small projects. The $1,250,000 Rivet
Corridors Hike 'n Bike Trail construction is reflected in a special revenue fund with related bond proceeds of
$500,000 transferred to that fund.
Public Safety Construction Fund
Includes the completion of the expansion and remodeling of the Police Services Building, construction of Fire
Fire Station No. 4 on Shell Spur and purchase of land for a future south side fire station.
Streets Capital Projects Fund
Includes revenues from transportation improvements fees received as part of the City's development agreement
with Del Webb Corp. for Sun City Georgetown. Transfers come 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 1998/99 55
Special Revenue Funds - Summary 1998/99
Beginning Ending
Fund Fund
Fund Division Balance Revenues Expenditures Balance
Convention & Visitors Bureau
Community Services
111,624
328,262
299,140
140,746
Economic Development Grants
Management services
0
4,464,448
4,464,448
0.
Library Donations
Parks, Library & Recreation
12,247
10,800
15,600
7,447
Mapping Fund
Information Resources
7,816
3,150
2,500
8,466
Parks Restricted
Parks, Library & Recreation
26,556
107,888
128,763
5,681
Police Restricted
Police Services
4,313
245,420
245,020
4,713
Recreation Programs
Parks, Library & Recreation
(20,644)
454,200
428,492
5,064
River Corridors Grant
Parks, Library & Recreation
0
1,250,000
1,250,000
0
Streets
Community Owned Utilities
219,354
1,489,264
1,679,292
29,326
Total Special Revenue Funds
361,266
8,353,432
8,513,255
201,443
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
=> 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 Parks, Library and Recreation division.
Individual fund and program information is included following the administering department.
FINANCIAL SUMMARY
56 ANNUAL OPERATING PLAN ELEMENT 1998199
Internal ,Service Funds - summary 1998/99
Facilities
Fleet
Information
Joint
Internal
Maintenance
Management
Services
Services
Service Funds
Fund
Fund
Fund
Fund
Total
Beginning Working Capital
REVENUES:
Charges for Services
Interest & Other
Interfund Transfers
Total Revenues
EXPENSES:
Community Owned Utilities
Finance & Administration
Information Resources
Management Services
Interfund Transfers
Total Expenses
Ending Working Capital
5,185 152,055 71,173 (128,681) 99,732
395,440 1,139,450 789,701 3,319,944 5,644,535
6,000 40,000 30,000 6,250 82,250
54,500 55,000 1,150,000 1,259,500
401,440 1,233,950 874,701 4,476,194 6,986,285
948,774 948,774
399,334 1,078,374 1,290,416 2,768,124
940,950 940,950
2,107,392 2,107,392
280,000 280,000
399,334 1,358,374 940,950 4,346,582 7,045,240
7,291 27,631 4,924 931 40,777
Employees - Full Time Equivalents: 1.00 4.00 6.25 51.75 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. In 1998/99,
administrative departments were transferred to this fund to allow for better allocation of costs to various departments
and funds. Departments transferred from the General Fund are Accounting, Employee and Organizational Services,
Finance Administration, Legal Services, Purchasing and Properties and Safety Services.
FINANCIAL SUMMARY
ANNUAL OPERATING PLAN ELEMENT 1998/99
57
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FINANCIAL SUMMARY
58 ANNUAL OPERATING PLAN ELEMENT 1998/99