HomeMy WebLinkAbout04 - Financial SummaryFINANCIAL
SUMMA-RY
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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
PropertyTaxes........................................................... 34
Sales Tax........ .. ... ... ...... ...... 36
.... .. .. ..... . ............... .......
Utility Revenues.......................................................... 38
Capital Recovery Fees ...................................................... 40
Other Enterprise Fund Revenues .............................................. 41
Other Miscellaneous Revenues ............................................... 42
Fund Summaries
All Funds Summary ....................................................... 44
GeneralFund............................................................. 46
StreetsFund.............................................................. 48
Electric Fund............................................................. 50
Wastewater Fund.......................................................... 52
WaterFund.............................................................. 54
AirportFund............................................................. 56
Sanitation Fund........................................................... 57
Stormwater Drainage Fund .................................................. 58
General Capital Projects Funds ............................................... 59
Special Revenue Funds ..................................................... 60
Internal Service Funds ...................................................... 61
Where The Money Comes from
Proper
Sales Taxi
Bond Proceeds 7.6
Capital Recovery Fees 0.5%
Service Improvement Fees 2.31
1999 -2000
Interfund Transfers 10.1 %
Utility Revenues 39.3%
Service 8.7%
and Balances 11.4%
Other Revenue 7.1 %
terest 1.5%
nfs 2.0%
FINANCIAL SUMMARY
ANNUAL OPERATING PLAN ELEMENT 1999/00 29
97/98
98/99
99/00
00/01
97/98
Amended
Projected
Adopted
Projected
Actual
Budget
Actual
Budget
Budget
Property Taxes
3,491,298
4,226,131
4,245,701
4,803,050
5,271,550
Sales Taxes
2,415,396
2,572,131
2,594,000
2,725,000
3,165,000
Bond Proceeds - New Debt
11,670,258
5,630,000
6,750,000
6,035,000
5,100,000
Charges for Services
5,365,768
6,416,950
6,367,282
6,915,711
6,915,711
Capital Recovery Fees
339,509
398,685
540,000
433,125
433,125
Service Improvement Fees
1,888,316
1,753,550
1,753,550
1,855,280
1,855,280
Utility Revenues
28,773,275
29,048,395
29,670,404
31,119,385
32,931,324
Grants
1,183,877
2,908,483
1,951,001
1,579,180
45,555
Interest
1,295,873
1,175,726
1,444,043
1,168,161
1,090,710
Other Revenue
6,785,509
8,735,184
7,850,332
5,633,659
7,460,324
Fund Balance Used
(7,263,256)
8,640,987
1,821,782
9,091,670
1,836,702
Interfund Transfers
6,362,491
6,522,266
6,522,181
7,976,110
7,199,759
Totals
62,308,314
78,028,488
71,510,276
79,335,331
73,305,040
FINANCIAL SUMMARY
ANNUAL OPERATING PLAN ELEMENT 1999/00 29
Budget by Program
1999 - 2000
Parks & Rec 3%
Community Svcs 1 %
Electric 22%
Stormwater I%'
Sanitation 3% /
Fire 4%
Electric
Water
Wastewater
Sanitation
Stormwater Drainage
Airport
Streets
Comm Svc -Others
Public Library
Development Services
Fire Services
Police Services
Parks & Recreation
Capital Improvements
Debt Payments
Administration
Budget Total By Program
Interfund Transfers & Premiums
TOTAL OPERATING BUDGET
Wastewater 3%
Administration 5%
Debt Payments 7%
s.
Street Dept 2%
Police Svcs 6%
Capital Projects 33%
Amended
1998/99 Budget
%
14,442,369
22%
2,766,514
4%
1,969,905
3%
1,845,647
3%
381,920
1%
536,770
1%
1,002,424
1%
839,916
1%
763,153
1%
1,340,716
2%
2,448,419
4%
3,916,405
6%
1,834,948
3%
25,811,872
38%
3,769,514
6%
3,394,925
5%
Development Svcs 2%
Water 6%
Public Library I%
Airport I%
Adopted
1999/00 Budget
%
14,789,551
22%
3,702,356
6%
2,111,146
3%
1,977,033
3%
417,192
1%
657,845
1%
1,054,208
2%
787,075
1%
820,511
1%
1,306,065
2%
2,492,004
4%
3,972,016
6%
2,245,178
3%
21,930,210
33%
4,625,923
7%
3,595,772
5%
67,065,417 l00% 66,484,085 100%
10, 963, 071 12, 851, 246
78,028,488 79,335,331
FINANCIAL SUMMARY
30 ANNUAL OPERATING PLAN ELEMENT 1999/00
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Budget by Division
1999 - 2000
Intfd Nondept'I Chrgs 1.4%
Community Owned Utilities 14.1%
Community Services 5.6%
Development Services 1.6% -
Finance & Administration 3.9%
Fire Services 3.1 %
Information Resources 1.2% /
Management Services 3.3%
Parks & Recreation 2.8%
Police Services 4.8%
Purchased Power 14.7%
Inter -fund Transfers 10.1%
Debt Payments 5.8%
Capital Projects 27.6%
*Includes Airport Improvements and River Corridors Grant
**Includes allocations to General Fund for administrative departments transferred to Joint Services beginning in 1998/99
FINANCIAL SUMMARY
ANNUAL OPERATING PLAN ELEMENT 1999/00
31
98/99
98/99
99/00
00/01
97/98
Amended
Projected
Adopted
Projected
Actual
Budget
Actual
Budget
Budget
Community Owned Utilities
10,088,051
9,910,223
9,805,578
11,137,026
11,248,081
Purchased Power (COU)
10,547,352
11,285,253
11,285,050
11,597,040
12,113,640
Community Services
3,877,037
4,149,073
4,111,861
4,445,001
4,433,155
Development Services
1,280,398
1,340,716
1,320,697
1,306,065
1,302,115
Finance & Administration
3,192,914
3,162,400
3,146,126
3,068,314
3,190,908
Fire Services
1,857,837
2,448,419
2,430,740
2,492,004
2,469,695
Information Resources
1,059,480
943,450
834,579
946,591
882,890
Management Services
1,715,866
2,114,507
1,876,017
2,638,001
2,768,563
Parks & Recreation
1,600,816
1,834,948
1,814,886
2,252,967
2,276,999
Police Services
3,139,002
3,778,657
3,679,054
3,818,872
3,735,620
Capital Improvements*
14,257,611
25,811,872
20,090,535
21,930,210
14,932,450
Debt Payments
3,329,459
3,769,514
3,683,294
4,625,923
5,649,958
IntfdNondept'1Chrgs**
0
957,190
909,678
1,101,207
1,101,207
Interfund Transfers
6,362,491
6,522,266
6,522,181
7,976,110
7,199,759
Totals
62,308,314
78,028,488
71,510,276
79,335,331
73,305,040
*Includes Airport Improvements and River Corridors Grant
**Includes allocations to General Fund for administrative departments transferred to Joint Services beginning in 1998/99
FINANCIAL SUMMARY
ANNUAL OPERATING PLAN ELEMENT 1999/00
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 tax collection and assessment, and treatment plant operations rose slightly due to the continued growth in
customers and property. Personnel costs, such as the annualized cost of 1998/99 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.
1998/99 1999/00
Amended Proposed. Increase
Budget Budget(Decrease) Explanation
COMMUNITY OWNED UTILITIES
$9,910,223 $11,137,026 $1,226,803 Two positions were added and two transferred to the
division during 1998/99 increasing the annual personnel
costs in 1999/00. An construction inspector is added in
1999/00. The proposed budget also includes the $300,000
for CIS software and $250,000 for annual maintenance of
the new CCC automated meter reading system.
PURCHASED POWER
11,285,253 11,597,040 311,787 Costs rise annually with addition of approximately 750 new
customers each year and are offset by electric sales
revenue.
COMMUNITY SERVICES
4,149,073 4,445,001 295,928 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.
DEVELOPMENT SERVICES
1,340,716 1,306,065 (34,651) The elimination of a full time position in 1999/00 and
completion of minor projects from 1998/99 have resulted
in a decrease in overall costs.
FINANCE & ADMINISTRATION
3,162,400 3,068,314 (94,086) The cost of upgrading two part-time positions to full time
is offset by one-time large vehicle purchases in 1998/99.
FIRE SERVICES
2,448,419 2,492,004 43,585 Three additional fire fighters are added for Fire Station
No. 4 beginning in March 2000. These costs are partially
offset by lower furniture and equipment costs for FS No.
4 than those required for FS No. 3 in 1998/99.
INFORMATION RESOURCES
943,450 946,591 3,141 Completion of large one-time projects in 1998/99 offset
the additional cost of a public safety software
administrator added in 1999/00.
FINANCIAL SUMMARY
32 ANNUAL OPERATING PLA14 ELEMENT 1999/00
0
1998/99 1999/00
Amended Adopted Increase
Butt Budget Decrease Explanation
MANAGEMENT SERVICES
2,114,507
2,638,001
523,494
PARKS £3 RECREATION
1,834,948
2,252,967
418,019
POLICE SERVICES
3,778,657
3,818,872
40,215
CAPITAL IMPROVEMENTS
25,811,872
21,930,210
(3,881,662)
DEBT PAYMENTS
3,769,514
4,625,923
856,409
INTERFUND NONDEPT'L CHARGES
957,190
1,101,207
144,017
INTERFUND TRANSFERS
6,522,266
7,976,110
1,453,844
FINANCIAL SUMMARY
ANNUAL OPERATING PLAN ELEMENT 1999/00
•
The proposed budget includes 5423,000 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. The City Manager's
Office will also add a full time receptionist position.
The budget includes $270,000 for operating new facilities
and programs including the next phase of the Hike `n Bike
Trail system, Village Pool, and Georgetown Tennis
Center and Pool. These costs are offset by $90,000 in
additional program revenues.
Reductions from the transfer out of two positions to
Finance & Administration and Management Services were
offset by increases for a new Victims' Services
Coordinator position and additional training costs to meet
new state requirements.
Amounts fluctuate from year to year depending on the
nature and timing of projects.
Combined tax -supported and self-supporting general
obligation debt payments have risen by $600,000 due to
a $6.75 million new issue in 1998/99 and a proposed $1.3
million issue in 1999/00. Utility revenue debt has risen
due to scheduled increases in debt payments.
The administrative allocations rise as overall costs for
support services provided to the General Fund rise.
The increase is due to a one-time $1.4 million transfer of
SIP fee revenues from Water to Wastewater to cash fund
a portion of the Pecan Branch Wastewater Treatment
Plant.
33
Property Tax Revenues
8
6
0
4
2
0 1
94/95 95/96 96/97 97/98 98/99 99/00' 00/01' 01/02' 02/03' 03/04'
`Projected
Taxable Property Values
2500
2000
H 1500
c
2
1000
500
0
34
94/95 95/96 96/97 97/98 98/99 99/00' 00/01' 01/02' 02/03' 03/04'
'Projected
FINANCIAL SUMMARY
ANNUAL OPERATING PLAN ELEMENT 1999/00
i
New & Annexed Property
Values
Property
Existing
Annexed Berry Creek
— subdivision $114 million
94/95 95/96 96/97 97/98 98/99 99/00' 00/01' 01/02' 02/03' 03/04'
'Projected
FINANCIAL SUMMARY
ANNUAL OPERATING PLAN ELEMENT 1999/00
Fiscal Year 94/95 95/96 96/97 97/98 98/99 99/00* 00/01* 01/02* 02/03* 03/04*
Property Tax Revenues:
' (in thousands)
General Fund
691
747
1,045
1,593
1,916
2,264
2,693
2,962
3,406
3,900
Streets
145
178
253
443
594
671
715
802
870
940
Debt Service
889
1,060
1,168
1,360
1,741
1,868
1,939
2,173
2,330
2,316
Property Values:
(in millions)
Existing Property
466
518
561
775
1,039
1,287
1,443
1,580
1,719
1,863
New & Annexed
16
21
92
210
156
114
90
90
90
90
Property
Tax Rates
Per $100 -taxable 0.357 0.370 0.379 0.350 0.350 0.340 0.344 0.358 0.367 0.368
valuation
* Projected
Taxes are levied January 1 each year and are past due on February 1 of 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 8% on average the last 4 years. 1999/2000 new values include:
- $98 million new construction
- $17 million annexations
Proposed property tax rate for 1999/2000 is $0.34/$100 valuation.
4.5% increase over the effective rate of $0.32545 pays for additional transportation needs and operational costs
associated with Fire Station 4.
=> Maintenance & Operations (M&O) $0.20736 for 1999/2000 is deposited to General & Street SRF Funds**
=> Debt Service $0.13264 for 1999/2000 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 1999/00
35
Sales Tax Revenue
93/94
94/95
95/96
96/97
97/98
98/99*
99/00*
00/01*
01/02*
02/03*
03/04*
Millions
0 1 2 3 4
*Projected
The City receives I% 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 is also creating
additional sales tax generators. New restaurants, such as Luby's Cafeteria, Applebees', and Chili's, as well
as other retailers, expanded the City's sales tax base in 1998/99.
Sales tax receipt increases average 12% annually for the past five years.
_> 1998/99 sales tax receipts expected to exceed prior year by 7.4%.
_> Future revenues are projected at 6 - 9% annually.
FINANCIAL SUMMARY
36 ANNUAL OPERATING PLAN ELEMENT 1999/00
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0
0
0
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FINANCIAL SUMMARY
ANNUAL OPERATING PLAN ELEMENT 1999/00
This page intentionally left blank.
37
Electric Revenue
Millions
0 5 10 15 20 25
93/94 5M
i I j
94195 $12. 7M
95196 $1 �9M
96/97 $14. M
97198 $1 3M
98199* *$1 3M
i
99100* *$1 1M
00/01* *$1 1 M
01/02* *$2 71M
02103* *$2 54M
03/04* .29M
*Projected
Water Revenue
Millions
0 2 4 6 8
93/94
94195
95196
96/97
97/98
98199*
99/00*
00/01*
01/02*
02/03*
03/04*
1
i
I
$4.
Purchased Berry Creek 2M
Water System $5 I
$ 7M j
*$6. 3M
*$6. 8M
*$6. 1 f
*$6. 7M
*$7. 5M
M
*Projected
FINANCIAL SUMMARY
38 ANNUAL OPERATING PLAN ELEMENT 1999/00
Wastewater Revenue
Millions
0 1 2 3 4 5
93/94
94/95
95196
96197
97198
98199*
99/00*
00/01*
01/02*
02103*
03/04*
M
i
$2.
Purchased Berry Creek $ . 1 M
Wastewater System
$3. 6M i
i
$3. M
i
*$ 9M
*$3. 6M
*$3. 3M
*$4. 0M
*$4. 6M
33M
*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.
1997/98 was an above average year, with a hot, dry summer, while above average rainfall and cooler
temperatures occurred in 1998/99.
=> 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 1999/2000 to accomodate the growth in
customers.
FINANCIAL SUMMARY
ANNUAL OPERATING PLAN ELEMENT 1999/00 39
Capital Recovery Fee Revenue
$2,500
$2,000
N $1,500
$500
$o
Service Improvement Fees
Impact Fees
94/95 95/96 96/97 97/98 98/99* 99/00* 00/01* 01/02' 01/02' 03/04'
*Projected
Fiscal Year
94/95
95/96
96/97
97/98
98/99*
99/00*
00/01'
01/02*
02/03*
03/04*
(in thousands)
Service Improvement
Fees:
Water
93
1,313
1,017
866
844
946
946
946
946
946
Wastewater
57
803
622
530
516
516
516
516
516
516
Total \
150
2,116
1,639
1,396
1,360
1,462
1,462
1,462
1,462
1,462
Impact Fees:
Water
N/A
N/A
169
204
320
268
268
268
268
268
Wastewater
WA
N/A
106
135
220
165
165
165
165
165
Total N/A N/A 275 339 540 433 433 433 433 433
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.
=>Escalara 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 1999/00
Other Enterprise Puna, Revenues
$2,500
$2.000
$1,000
$500
$o
94/95 95/96
96/97
97/98
98/99*
99/00*
00/01
*Projected
Fiscal Year
94/95
95/96
96/97
97/98
98/99* 99/00*
00/01*
(in thousands)
Stormwater Drainage
100
260
327
461
626 655
691
Airport
379
458
603
596
680 984
1,040
Sanitation
1,147
1,292
1,507
1,680
1,895 2,023
2,190
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 in October 1998 as part of the transition to a new contractor to
provide better curbside service for customers. 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 is
scheduled for completion in October 1999, to accommodate demand for hangar rental space, therefore increasing
revenues. Airport operations became self-supporting in 1997/98 due to increased fuel sales and scheduled lease
and rent fee increases.
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 payments on drainage
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 1999/00 41
Other Miscellaneous Revenues
$5
�$3
0
94/95 95196 96/97 97/98 98/99* 99/00* 00/01*
Interest Income
=> 12% increase in 1998/99 from the investment of debt proceeds. 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. 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 relocate to Georgetown. 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 1999/00 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 *HoteUmote/ taxes
FINANCIAL SUMMARY
42 ANNUAL OPERATING PLAN ELEMENT 1999/00
*Projected
Fiscal Year
94195
95196
96197
97198
98/99*
99/00*
00/01*
(in thousands)
Interest Income
683
1,054
819
1,296
1,444
1,168
1,091
Grant Revenue
630
540
1,212
1,184
1,951
1,579
45
Miscellaneous Revenue
1,774
2,868
2,474
4,136
2,957
3,096
3,300
Interest Income
=> 12% increase in 1998/99 from the investment of debt proceeds. 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. 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 relocate to Georgetown. 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 1999/00 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 *HoteUmote/ taxes
FINANCIAL SUMMARY
42 ANNUAL OPERATING PLAN ELEMENT 1999/00
0
0
0
0
0
0
0
0
0
0
0
0
0
/
FINANCIAL SUMMARY
ANNUAL OPERATING PLAN ELEMENT 1999/00
This page intentionally left blank.
43
fh
Total Revenues
Total
Budget
General
Fund
Special
Revenue
Funds
General
Capital
Projects
Funds
0
Beginning Fund Balances /
22,251,080
2,239,332
988,077
5,410,742
Working Capital
('!
USES & EXPENSES:
^
SOURCES & REVENUES:
11,137,026
1,116,112
Property taxes
4,803,050
2,264,000
671,000
Sales taxes
2,725,000
2,725,000
353,873
Bond Proceeds
6,035,000
1,306,065
1,300,000
Charges for Services
6,915,711
821,549
Capital Recovery Fees
433,125
2,492,004
—
Special Improvement Fees
1,855,280
10,000
393,125
'
Utility Revenues
31,119,385
689,338
r(�
Grants
1,579,180
1,448,571
1,379,180
vv11
Interest
1,168,161
112,883
31,293
183,061
Other Revenue
5,633,659
1,027,375
2,089,356
4,509,600
Interfund Transfers
7,976,110
5,143,425
287,635
671,000
fh
Total Revenues
70,243,661
12,094,232
4,458,464
2,547,186
0
tLi
USES & EXPENSES:
(
Community Owned Utilities
11,137,026
1,116,112
Purchased Power
11,597,040
Community Services
4,445,001
1,424,492
353,873
Development Services
1,306,065
1,306,065
Finance & Administration
3,068,314
153,144
Fire Services
2,492,004
2,492,004
Information Resources
946,591
10,000
Management Services
2,638,001
689,338
r(�
Parks & Recreation
2,252,967
1,448,571
804,396
vv11
Police Services
3,818,872
3,558,908
259,964
Capital Improvements
21,930,210
1,817,550
4,509,600
Debt Payments
4,625,923
Interfund Nondepartmental Chrg
1,101,207
1,101,207
%nn
Interfund Transfers
7,976,110
159,835
671,000
Total Uses & Expenses
79,335,331
12,333,564
5,032,895
4,509,600
M�
W
Ending Fund Balance /
13,159,410
2,000,000
413,646
3,448,328
Working Capital
RESERVATIONS:
Contingency
8,500,000
2,000,000
260,000
Other
4,659,410
153,646
3,448,328
Available Fund Balance/
0
0
0
0
Working Capital
Employees - Full Time Equivalents
333.25
186.50
40.00
0.00
(1) Includes Airport, Sanitation and
Stormwater Drainage Funds
FINANCIAL SUMMARY
44 ANNUAL OPERATING PLAN ELEMENT 1999/00
General
2,176,881 3,683,694 434,157
893,971
Debt
Other
Internal
Service Electric Wastewater
Water Enterprise
Service
Fund Fund Fund
Fund Funds(1)
Funds
945,780
5,633,858
936,591
593,937 4,717,383 2,788,887
3,549,600 1,420,074
543,048
1,868,050
1,530,000 1,285,000 1,400,000 520,000
2,832,211
2,176,881 3,683,694 434,157
893,971
11,597,040
6,094,162
165,000
268,125
1,861,551 22,265,930
516,375
945,780
5,633,858
936,591
18,408,000
3,658,000
6,375,000
2,678,385
6,553,325 3,326,000 2,014,200
1,861,551 681,914
0
200,000
57,000 255,904
183,361
197,130
62,944
84,585
754,643
337,730
407,100
1,017,455
1,409,050
465,000
1,925,050 20,948,547
7,554,516
9,593,135
4,478,784
6,643,747
2,832,211
2,176,881 3,683,694 434,157
893,971
11,597,040
492,400
2,666,636
1,861,551 22,265,930
2,915,170
10,717,735
5,633,858
936,591
1,948,663
3,709,535
6,553,325 3,326,000 2,014,200
1,861,551 681,914
792,472 934,421 355,565
3,445,230
270,725
2,773,620
163,300
492,400
1,861,551 22,265,930
9,793,403
10,717,735
5,633,858
7,186,795
657,436 3,400,000 550,000 2,425,000 265,000 0
3,400,000 550,000 2,025,000 265,000
657,436 400,000
0 0 0 0 0 0
0.00 17.00 7.00 8.00 19.75 63.00
FINANCIAL SUMMARY
ANNUAL OPERATING PLAN ELEMENT 1999/00 45
General Fund.
98/99
99/00
00/01
97/98 98/99 Projected
Adopted
Projected
Actual Budget Actual
Budget
Budget
Beginning Fund Balance 2,176,802 3,398,340 3,425,671
2,239,332
2,000,000
REVENUES:
Property Taxes
1,593,010
1,911,020
1,916,000
2,264,000
2,693,500
Sales Taxes
2,415,396
2,572,450
2,594,000
2,725,000
3,050,000
Interest
78,675
149,000
145,000
112,883
120,778
Administrative Charges
1,786,848
772,415
798,816
821,549
821,549
All Other Revenue
1,431,657
1,205,075
1,105,695
1,027,375
1,194,887
Tfs In - Return on Investment
1,872,306
1,902,308
1,976,060
2,041,025
2,114,370
Transfers In - Other
3,470,822
1,791,471
1,791,471
3,102,400
2,400,000
Total Revenues 12,648,714 10,303,739 10,327,042 12,094,232 12,395,084
EXPENSES:
Community Services
1,267,984
1,363,378
1,320,747
1,424,492
1,400,091
Development Services
1,280,398
1,340,716
1,320,697
1,306,065
1,302,115
Finance & Administration
924,464
137,748
137,598
153,144
153,144
Fire Services
1,857,837
2,448,419
2,430,740
2,492,004
2,469,695
Management Services
1,715,866
618,302
604,655
689,338
683,685
Parks and Recreation
1,147,278
1,252,158
1,249,069
1,448,571
1,479,806
Police Services
2,903,208
3,465,862
3,421,891
3,558,908
3,688,152
Interfund Nondept'I Chrg
0
957,190
909,678
1,101,207
1,101,207
Transfers Out
302,810
118,306
118,306
159,835
117,189
Total Expenses 11,399,845 11,702,079 11,513,381 12,333,564 12,395,084
Ending Fund Balance 3,425,671 2,000,000 2,239,332 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 1,425,671 0 239,332 0 0
FINANCIAL SUMMARY
46 ANNUAL OPERATING PLAN ELEMENT 1999/00
Sales Tax
Fund
Balance
16%
Revenues 1999/00
Property Taxes 16%
Tfr In -Ret on Inv 14%
Fire
crest & Other 8%
Admin Chgs 6%
Parks 12%
Mgt Svcs 6%
i -Other 21 %
Expenditures 1999/00
F&A 1%
/cs 11%
Com Svcs
11%
Trf Out 1 %
rtfd Nondepfl
hrgs 9%
Police Svcs 29%
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.
significant Issues/Comments:
=> Beginning in 1998/99, several administrative departments were transferred to the Joint Services Internal Service
Fund to allow better allocation of those costs to the various fund and departments. The departments transferred
were Accounting, Employee and Organizational Services, Finance Administration, Legal Services, Purchasing
and Properties, and Safety Services.
=> The Library was transferred from Parks and Recreation to Community Services beginning in 1999/00.
Library expenses have been restated from 1997/98 and 1998/99 to Community Services for comparison purposes.
=> Fire Services will open Fire Station No. 4 at the Airport at mid -year. The opening requires 3 new firefighters plus
additional operating and capital costs of $36,210 for the first six months.
=> Parks and Recreation will add two additional Parks Maintenance Workers, as well as, expand mowing contracts
to maintain new parks facilities added in the past three years.
FINANCIAL SUMMARY
ANNUAL OPERATING PLAN ELEMENT 1999/00
47
Streets Fund.
98/99
99/00
00/01
97/98 98199 Projected
Adopted
Projected
Actual Budget Actual
Budget
Budget
976,586
1,047,272
Beginning Fund Balance 50,211 311,354 354,556
214,047
153,000
REVENUES:
Property Taxes (Dedicated)
443,492
594,000
600,000
671,000
715,000
Franchise Fees
890,835
885,264
976,586
1,047,272
1,127,513
Interest
7,934
10,000
12,000
7,793
11,599
Grant Revenue
133,797
0
0
0
0
Transfers In
183,500
0
0
0
0
Total Revenues 1,659,558 1,489,264 1,588,586 1,726,065 1,854,112
EXPENSES:
Community Owned Utilities - Streets 934,565 1,046,427 1,004,230 1,116,112 1,116,112
Transfers Out - Capital Projects 420,648 724,865 724,865 671,000 715,000
Total Expenses 1,355,213 1,771,292 1,729,095 1,787,112 1,831,112
Ending Fund Balance 354,556 29,326 214,047 153,000 176,000
RESERVATIONS:
Contingency 0 0 0 153,000 176,000
Available Fund Balance 354,556 29,326 214,047 0 0
FINANCIAL SUMMARY
48 ANNUAL OPERATING PLAN ELEMENT 1999/00
-1
r-.
L7
ED
ED
0
Q
Q
CJ
L)
LJ
LJ
rLJ
V
Revenues 1999/00
Property Taxes 38%
Franchise Fees 59%
Puna. Description:
Interest .05%
Fund Balance 3%
Expenditures 1999/00
Operations 62%
Transfers 38%
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 $0.34 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:
=> Transfers Out are made to Streets -General Capital Projects to fund the 1999/00 portion of the 5 -year
capital improvements plan.
=> Revenue from property taxes and franchise fees continues to rise due to growth in number of utility
customers and the rise in property values in the City.
FINANCIAL SUMMARY
ANNUAL OPERATING PLAN ELEMENT 1999/00
49
Electric Fund
98/99
99/00
00/01
97/98 98/99 Projected
Adopted
Projected
Actual Budget Actual
Budget
Budget
0
1,530,000
1,350,000
Beginning Working Capital 4,396,704 5,428,022 6,075,562
4,717,383
3,400,000
REVENUES:
Electric Services
17,033,314
17,184,835
17,526,800
18,408,000
19,514,787
Bond Proceeds
3,894,620
0
0
1,530,000
1,350,000
Interest
342,973
298,726
299,925
255,904
250,125
All Other Revenue
1,380,856
894,127
774,850
754,643
792,825
Transfers In
14,183
8,198
8,198
0
0
Total Revenues 22,665,946 18,385,886 18,609,773 20,948,547 21,907,737
W-4901►`I-CRI
Community Owned Utilities
2,939,545
2,827,969
2,830,562
2,832,211
2,844,066
Purchased Power
10,547,352
11,290,776
11,285,050
11,597,040
12,113,640
Capital Projects
4,221,008
3,245,490
2,863,490
3,709,535
2,565,100
Debt Payments
262,533
495,485
495,485
681,914
1,004,941
Transfers Out
3,016,650
2,493,365
2,493,365
3,445,230
3,379,990
Total Expenses
20,987,088
20,353,085
19,967,952
22,265,930
21,907,737
Ending Working Capital
RESERVATIONS:
Contingency
Capital Projects
6,075,562 3,460,823
4,717,383 3,400,000 3,400,000
2,800,000 3,000,000 3,035,000 3,400,000 3,400,000
2,778,959 460,823 1,064,231 0 0
Available Working Capital 496,603 0 618,152 0 0
FINANCIAL SUMMARY
50 ANNUAL OPERATING PLAN ELEMENT 1999/00
U
U
U
U
U
L)
U)
J
Revenues 1999/00
Electric Service 83%
Puna. Description:
Other 3%
Interest 1%
Bond
Proceeds7%
1 Balance 6%
Expenses 1999/00
Purchased Power 52%
Capital Projects 17%
Operating 13%
Transfers 15%
Debt Payments 3%
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:
=> Beginning in 1999/00, the City will sponsor a rebate program to encourage use of highly rated
energy efficient heating and cooling systems for homeowners.
=>The Customer, Choice and Control (CCC) system for automated meter reading will be completed
during 1999/00 requiring an additional $100,000 annually in on-going maintenance costs.
=> 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 1999/00,
$1,000,000 of operating revenue is used for capital projects.
FINANCIAL SUMMARY
ANNUAL OPERATING PLAN ELEMENT 1999/00
51
Wastewater Puna.
98/99
99/00
00101
97/98 98/99 Projected
Adopted
Projected
Actual Budget Actual
Budget
Budget
3,489,384
3,658,000
3,825,000
Beginning Working Capital 3,020,195 4,288,595 4,135,845
2,788,887
550,000
REVENUES:
2,371,761
2,043,112
2,016,385
2,176,881
2,324,476
Wastewater Services
3,126,854
3,374,495
3,489,384
3,658,000
3,825,000
Bond Proceeds
2,555,638
0
0
1,285,000
675,000
Capital Recovery Fees
135,528
130,560
220,000
165,000
165,000
Special Improvement Fees
529,740
516,375
516,375
516,375
516,375
Interest
151,387
180,600
256,600
183,361
137,512
All Other Revenue
370,168
318,204
445,919
337,730
417,345
Transfers In
3,255
440,360
440,360
1,409,050
818,200
Total Revenues 6,872,570 4,960,594 5,368,638 7,554,516 6,554,432
►o-1IMP 10*3i
Community Owned Utilities
2,371,761
2,043,112
2,016,385
2,176,881
2,324,476
Capital Projects
1,792,089
2,389,000
2,364,000
6,553,325
2,645,875
Debt Payments
605,104
662,121
575,901
792,472
1,106,031
Transfers Out
987,966
1,759,310
1,759,310
270,725
478,050
Total Expenses
5,756,920
6,853,543
6,715,596
9,793,403
6,554,432
Ending Working Capital 4,135,845 2,395,646 2,788,887 550,000 550,000
RESERVATIONS:
Contingency
Capital Projects
Service Improvements
600,000 525,000 525,000 550,000
3,206,090 1,370,646 1,345,338 0
0 500,000 603,725 0
550,000
0
0
Available Working Capital 329,755 0 314,824 0 0
FINANCIAL SUMMARY
52 ANNUAL OPERATING PLAN ELEMENT 1999/00
Revenues 1999/00
Fund
Balance 23%
Interest 2i
SIP at %I.x
Fees 7%
Wastewater Service 379/6
Other 4
insfers 14%
Bond Procceds 13%
Expenses 1999/00
Capital Projects 67%
gating 22%
Transfers 3
Debt Payments 8%
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
1999/00, $1,145,000 of operating revenue and $1,409,050 of Special Improvement Fees transferred from
Water Fund are used for Capital Improvements.
=> The City will construct the Pecan Branch treatment plant in 1999/00, which will increase the City's treatment
capacity by 1.5 million gallons per day. The plant is scheduled to open in Spring 2001 with operating costs
included in the 2000/01 projection.
FINANCIAL SUMMARY
ANNUAL OPERATING PLAN ELEMENT 1999/00 53
Water Puna,
98/99
99/00
00/01
97/98 98/99 Projected
Adopted
Projected
Actual Budget Actual
Budget
Budget
Beginning Working Capital 3,072,939 4,217,021 4,438,266
3,549,600
2,425,000
REVENUES:
7,925,004
9,374,354
9,725,080
9,593,135
8,534,474
Water Services
6,472,229
5,963,600
6,134,000
6,375,000
6,710,000
Bond Proceeds
0
0
0
1,400,000
0
Capital Recovery Fees
203,981
268,125
320,000
268,125
268,125
Special Improvement Fees
865,896
844,050
844,050
945,780
945,780
Interest
151,925
155,000
200,000
197,130
195,614
Grants
0
171,950
171,950
0
0
All Other Revenue
229,026
464,465
536,916
407,100
414,955
Transfers In
1,947
1,507,164
1,518,164
0
0
Total Revenues
7,925,004
9,374,354
9,725,080
9,593,135
8,534,474
EXPENSES:
1,480,551
91,182
282,330
0
0
Community Owned Utilities
2,748,631
2,739,965
2,735,933
3,683,694
3,615,974
Capital Projects
1,287,169
5,683,350
5,517,935
3,326,000
1,497,500
Debt Payments
1,064,630
675,153
675,153
934,421
1,281,410
Transfers Out
1,459,247
1,684,725
1,684,725
2,773,620
1,953,740
Total Expenses
6,559,677
10,783,193
10,613,746
10,717,735
8,348,624
Ending Working Capital 4,438,266 2,808,182 3,549,600 2,425,000 2,610,850
RESERVATIONS:
Contingency
1,520,000
1,665,000
1,665,000
2,025,000
2,025,000
Capital Projects
1,480,551
91,182
282,330
0
0
Conservation Rate
326,000
302,000
476,000
150,000
310,000
Service Improvements
425,000
750,000
750,000
250,000
275,850
Available Working Capital
686,715
0
376,270
0
0
FINANCIAL SUMMARY
54 ANNUAL OPERATING PLAN ELEMENT 1999/00
Revenues - 1999/00
Fund Balancw , , lo
Water Service 59%
Bond
Proceeds
Fund. Description:
Expenses - 1999/00
Capital
Other 4% Projects 31%
Interest 2%
P&CR
!es 11%
Operating 34%
Debt Service 9%
nsfers 26%
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 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.
Signiricant Issues/Comments:
=> The City will invest $600,000 over a two-year period in a new integrated computer software system
to improve customer billing, financial reporting and human resource management.
=> The fire hydrant maintenance program will increase in order to follow the American Water Works
Association's guidelines for municipalities.
=> Operational expenses increase due to a $35,000 utility line locate service contract, implemented to
comply with the timelines established by state law.
=> Capital projects are funded through operating revenues, capital recovery fees and debt when
needed. In 1999/00, $800,000 of operating revenue is used for capital projects.
=> Water Transfers Out include $1.4 million of accumulated Service Improvement Fees moved to the
Wastewater Fund to pay for the Pecan Branch Wastewater Treatment Plant.
FINANCIAL SUMMARY
ANNUAL OPERATING PLAN ELEMENT 1999/00
55
Airport Puna,
Beginning Working Capital
REVENUES:
Fuel & Terminal Sales
Leases & Rents
Bond Proceeds
Interest
All Other Revenue
Transfers In
Total Revenues
EXPENSES:
Community Services
Capital Projects
Debt Payments
Total Expenses
Ending Working Capital
RESERVATIONS:
Contingency
Capital Projects
Available Working Capital
Fund. Description:
98199 99/00 00/01
97198 98/99 Projected Adopted Projected
Actual Budget Actual Budget Budget
14,043 1749296 252,451 447,908 150,000
442,809
413,550
504,550
555,000
610,380
153,289
158,000
175,000
429,000
429,000
129,208
1,630,000
1,630,000
520,000
0
53,846
1,500
39,000
19,171
9,009
16,331
27,000
26,633
222,500
22,000
48,291
0
0
0
0
843,774 2,230,050 2,375,183 1,745,671 1,070,389
542,282 591,173 591,139 732,564 735,564
17,859 1,732,100 1,536,637 1,148,500 0
45,225 51,950 51,950 162,515 210,535
605,366
2,375,223
2,179,726
2,043,579
946,099
252,451
29,123
447,908
150,000
274,290
150,000 274,290
0 0 93,363 0 0
252,451 29,123 354,545
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.
=> A 63 -space T -hangar project will be completed in October 1999 to accommodate customer demands
resulting from the closing of two area airports that accommodated smaller aircraft. Lease revenue on
on the spaces will pay for debt payments and overhead costs for the facility.
=> Improvements for lease lot accessibility were completed in 1998/99, and will provide a greater
revenue base for this fund.
=> Projects for a new terminal building and runway rehabilitation, which are assisted by grant funding,
are scheduled for completion during 1999/00. The completion of the improvements to the southwest
area of the airport will be completed, contingent upon the approval of a grant award that would fund
90% of the project and upon lease agreements being signed by the customers requesting depart-
ment.
=> A contingency reserve has been established to provide a secure financial base in case the Airport
experiences decreases in demand -based revenues in the future.
FINANCIAL SUMMARY
56 ANNUAL OPERATING PLAN ELEMENT 1999/00
Sanitation Puna.
98/99
99/00
00/01
97/98 98/99 Projected
Adopted
Projected
Actual Budget Actual
Budget
Budget
Beginning Working Capital (46,720) 10,973 33,655
55,026
50,000
REVENUES:
Sanitation Services
All Other Revenue
Transfers In
1,679,802 1,894,421 1,894,720 2,023,385 2,190,337
29,065 28,122 30,440 29,001 34,205
102.865 1,112 1,112 0 0
Total Revenues
1,811,732
1,923,655
1,926,272
2,052,386
2,224,542
EXPENSES:
Community Services
1,629,206
1,793,748
1,789,391
1,934,072
2,009,727
Transfers Out
102,151
115,510
115,510
123,340
214,815
Total Expenses
1,731,357
1,909,258
1,904,901
2,057,412
2,224,542
Available Working Capital
33,655
25,370
55,026
50,000
50,000
RESERVATIONS:
Contingency 0 0 0 50,000 50,000
Available Fund Balance 33,655 25,370 55,026 0 0
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 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:
=> The City contracts with Texas Disposal Systems for refuse collection, including brush pick-up and
recycling. Performance incentives built into the contract are expected to keep the level of service
high while controlling costs.
=> This fund became self-supporting in 1998/99.
=> No sanitation rate increases are proposed.
FINANCIAL SUMMARY
ANNUAL OPERATING PLAN ELEMENT 1999/00
57
Stormwater Drainage Fund
Beginning Working Capital
REVENUES:
Stormwater Fees
Bond Proceeds
Interest
All Other Revenue
Transfers In
Total Revenues
EXPENSES:
Community Owned Utilities
Capital Projects
Debt Payments
Transfers Out
Total Expenses
Ending Working Capital
RESERVATIONS:
Contingency
Capital Projects
Available Working Capital
98/99 99/00 00/01
97/98 98/99 Projected Adopted Projected
Actual Budget Actual Budget Budget
234,541 1,489,899 1,669,175 917,140 65,000
461,076
631,044
625,500
655,000
691,200
2,274,059
0
0
0
0
31,554
27,000
77,706
14,772
5,663
8,933
2,923
10,335
10,955
11,720
2,215
19,563
19,563
0
0
2,777,837 680,530 733,104 680,727 708,583
296,530
397,731
396,696
434,157
424,497
959,521
1,247,984
760,100
865,700
0
59,358
170,193
170,193
193,050
193,111
27,794
158,235
158,150
39,960
90,975
1,343,203 1,974,143 1,485,139 1,532,867 708,583
1,669,175 196,286 917,140 65,000 65,000
40,000 50,000 50,000 65,000 65,000
1,456,488 142,314 852,700 0 0
172,687 3,972 14,440 0 0
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 payments for capital improvements.
,Significant Issues/Comments:
=> The City has implemented Phase I of the Environmental Protection Agency's Stormwater Program with
which municipalities under 100,000 population are required to comply. The City will spend $10,000 in
1999/00 to begin the implementation of Phase II of this program.
58
FINANCIAL SUMMARY
ANNUAL OPERATING PLAN ELEMENT 1999/00
i
General Capital Projects Funds - summa 1999/00
-i p � j Summary
Public Streets General
Parks & Safety Capital Capital Projects
Facilities Construction Projects Total
Beginning Fund Balance 4,061,028 754,072 595,642 5,410,742
REVENUES:
Bond Proceeds 1,300,000 1,300,000
Interest 100,000 11,928 71,133 183,061
Service Improvement Fees 393,125 393,125
Interfund Transfers 671,000 671,000
Total Revenues 100,000 11,928 2,435,258 2,547,186
EXPENDITURES:
Capital Projects 712,700 766,000 3,030,900 4,509,600
Total Expenditures 712,700 766,000 3,030,900 4,509,600
Ending Fund Balance 3,448,328 0 0 3,448,328
Puna. 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 ).
Parks & Facilities Capital Projects Fund
Includes funds for the completion of projects in the City's parks and the implementation of the City's facilities
construction plan. The River Corridors Hike 'N Bike Trail construction is reflected in a special revenue fund.
Public Safety Construction Fund
Includes the construction of Fire Station No. 4 at the Airport.
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 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 1999/00 59
Special Revenue Funds - Summary 1999/2000
Beginning Ending
Fund Fund
Fund Division/Section Balance Revenues Expenditures Balance
Cemetery Fund
Parks & Recreation
0
58,989
58,989
0
Convention & Visitors Bureau
Community Services
68,876
280,678
276,573
72,981
Economic Development Grants
CIP
0
740,000
740,000
0
Georgetown Village Public
Improvement District Fund
Parks & Recreation
0
60,000
60,000
0
HOME Grant Fund
Community Services
2,500
20,000
22,500
0
Library Donations
Community Services
17,206
27,100
40,000
4,306
Main Street Facade Fund
Community Services
14,409
391
14,800
0
Mapping Fund
Information Resources
11,672
5,500
10,000
7,172
Parks Restricted
Parks & Recreation
82,408
111,800
89,787
104,421
Police Restricted
Police Services
21,046
260,684
259,964
21,766
Recreation Programs
Parks & Recreation
17,138
653,482
620,620
50,000
River Corridors Grant
Parks & Recreation
538,775
513,775
1,052,550
0
Streets
Community Owned Utilities
214,047
1,726,065
1,787,112
153,000
Total Special Revenue Funds
988,077
4,458,464
5,032,895
413,646
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 1999/00
Internal Service Funds - summary 1999/00
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
16,416 75,795 170,988 279,849 543,048
491,438 1,257,696 789,701 3,555,327 6,094,162
7,838 30,573 28,302 17,872 84,585
465,000 465,000
499,276 1,288,269 818,003 4,038,199 6,643,747
893,971 893,971
475,692 964,064 1,475,414 2,915,170
936,591 936,591
1,948,663 1,948,663
40,000 400,000 52,400 492,400
515,692 1,364,064 988,991 4,318,048 7,186,795
0 0 0 0
0
Employees - Full Time Equivalents: 1.00 4.00 7.00 51.00 63.00
Puna. 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 1999/00
61
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FINANCIAL SUMMARY
62 ANNUAL OPERATING PLAN ELEMENT 1999/00