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HomeMy WebLinkAbout04 - Financial Summary- - -; -Financial gOmrharyT"fe of Contents i- - ' Revenue & Expenditure Summary Financial Summary ......... .`....... .. - : ... .. 24 - Where the Money Comes f=rom ........ .. , .: ' ..... ..: . 26 - \ Where the Money Goes (by function), ...:::........:........ ......... ... 2,6 - - _ Where the NtoneyGoes .: ".:.. ............ .._.,.......-................ 27 _ -. 'Where the Money Comes\From - Comparison ........ - .... 28 Property Tares `:'.... ............. .. ` ... ..-:. ..... 29 4 Sales Tax_. -.1. - y .... .. ........ 30 _ - _Jtility Revenues :. _ .... '` ...... -:......... -. 30 Y ' Capital kecovery Fees....... s . , .`. - - .. \ .......�_.:... 1- - 31- Inferest Revenues ...... , . " ... .. ' .. ,r.-... ...... I r .. ... - 31 - - ,- Other City Revenues .... _ .: ' ... _ .. " .:.: ..- . _ . .................. 31 - , _ Where the Money -Goes - Comparison ...... ... , .. 32- Del Webb Development Project -Sun City Georgetown \::•.-... . ` .......... 35' y _ _ - Fund Summaries > - Aal Fund Summa - ....... ......... .:. _ .... ,S ry 38 - - Where WiIIIWe- BeAfter 1-99,619,7 ... _...: .... .... 39 Generat-Fund Summary . ................ . ...... ..............,..... 40, ' = Special Revenue Funds Summary-/,. . .:= .............. '41 Electric Fund Summary ...... ...................... t.. _ .. ...42 _ Sanitation Fund Summary :� .. - ....... .......... ........ 43 \ _- Stormwater Drains a Furd summary . �..:_ ...: r.... , , t ......:. . .... 44 - Wastewater Fund Summary. ... -. _ .., ..... ...-.. 45 —_ _ " - Water Fund Summary... .: .. - ........... ......... . -- \I., Airpoif Fun&Summary . \ -47_ - - • .... .I ...'. ,- .... Summaries - J \ - _ Internal Servige`Funds Z _ Facilities Maintenance Fund ... , .... _ ..:�:.-:...=. , ..._ ........:_, .._48 - f ,fvlanagement Find . y . _ . �.. .. , , , ..'_ .. -.. _,_-,'4 9 - .Fleet Joint -Services Fund . -, :::.. y .:, .:.... �.... ,. < ..:... ; ....... 50 - _Information ;zervices fund..... :. 51 Interfund Transfers .... , ............ .. 52' ........................._ _ _ _ _ Captallmprovements Electric - ......- ., ...:...:.. ..... _ ... 'C0 - �' _ c _ 'Streets ` .. , .- ....... :- . \. , ...... 62 - Sormwater_Drainage ::..'. :. '- ',: :; .. 64- '_ Wastewater.. ...... ... ... - 66 _ -Water ..... _ _ ; ._ . _ ........... ....... -... . fig- r REVENUE & EXPENDITURE SUMMARY 4MY OF GEORGUM" Financial Summary The City must have the financial resources to accomplish its Ends as directed by the City Council. This section provides an overall view of where the budget money comes from and goes to, as well as the status of the Citys funds used to account for its resources. The detailed Budget & Financial Polices are included in the Reference Section on page 367. The City uses separate funds for its operations depending on the types of services provided. General government functions, such as fire and police, are included in the General Fund. Grant and other designated revenues are presented in special revenue funds. Self supporting operations such as the city's utilities and airport are budgeted in separate enterprise funds. Services provided by one department to other departments on a cost reimbursement basis are presented as internal service funds. All operating, capital and debt expenditures of the City must be appropriated by the City Council and are included in this budget document. Full Cost Approach The City uses a full cost approach to budgeting all of its services which results in significant interfund transfers and charges. The transfers are noted on the fund summary schedules that follow. LO M-1 HkK7-111-A1W= M The City requires contingency reserves of 75 days net budgeted operating expenditures in order to ensure financial stability for the City in case of fluctuations in anticipated revenues or expenditures. The reserves by fund are included with the Budget and Financial Policies section. All other remaining operating or capital projects fund balances not designated for debt service or encumbrances can be used for subsequent years expenditures and are treated as resources similar to revenues. Revenue projections are based upon historical trends, published economic indicators, and other trend information. The City and the surrounding region have experienced steady economic growth for the last several years with 1995/96 bringing dramatic growth with the development of Sun City Georgetown. Although revenue projections are conservative, the anticipated growth is reflected in those projections. FINANCIAL SUMMARY 24 ANNUAL OPERATING PLAN ELEMENT 1996/97 Where the Money Comes From 1996-1997 Electric 22.2% Water 8.8% Stormwater 0.4% Wastewater 4.9% Sanitation 2.1% Capital Recovery 4.1 % Misc Fees & Revenue 4.5% Airport 0.7%— Interest 1.3% Sales Taxes 3.1 % Property Taxes 3.7% Interfund Charges 16.2% 1 Fund Balances 8.2% 1 Bond Proceeds 13.3% Utility Franchise Fees 1.2% Grants & Special Revenue 5.4% Property Taxes $ 2,422,730 Sales Taxes 2,056,000 Electric 14,610,000 Water 5,787,700 Stormwater 272,350 Wastewater 3,232,218 Sanitation 1,359,618 Captial Recovery Fees 2,681,100 Miscellaneous Fees & Revenues 2,996,860 Airport 456,450 Interest (All Funds) 855,614 Grants & Special Revenue 3,564,250 Utility Franchise Fees 792,302 Bond Proceeds 8,750,000 Fund Balances 5.376.118 Subtotal 55,213,310 InterFund Charges & Transfers 10.687.160 Total $ 65.900.470 FINANCIAL SUMMARY ANNUAL OPERATING PLAN ELEMENT 1996/97 25 Where The Money Goes Community Owned Utilities 30.3% 1996-1997 Interiund Transfers 8.7% Debt Service 5.8% Community Services 4.9% Development Services 1.7% Finance & Administration 4.9% Fire Services 2.7% Capital Projects 24.5% Police Services% Parks &Recreation 2.3.3 % Management Services 6.7% Information Resources 3.4% Community Owned Utilities Community Services Development Services Finance & Administration Fire Services Information Resources Management Services Parks & Recreation Police Services Capital Projects Debt Service Subtotal Interfund Transfers Total $ 19, 959, 245 3,222,246 1,143, 058 3,243,023 1,747,783 2,231,051 4,439,060 1,510,426 2,739,401 16,164,090 3.793.784 60,193,167 5.707.303 $ 65.900.470 FINANCIAL SUMMARY 26 ANNUAL OPERATING PLAN ELEMENT 1996/97 Where The Money Goes Interfund Charges &Transfers 162% Personnel 14.8% 1996-1997 Debt Servioe 5.8% Operations 27.9% :apltal Improvements Program 24.5% Operating Capital 10.9% Personnel $ 9,731,120 Operations 18,373,860 Operating Capital 7,150,456 Capital Improvements Program 16,164,090 Debt Service 3,793.784 Subtotal 55,213,310 Interfund Charges & Transfers 10.687,160 Total FINANCIAL SUMMARY ANNUAL OPERATING PLAN ELEMENT 1996/97 $ 65.900.470 `ZA Property Taxes Sales Taxes Electric Water Wastewater Sanitation Stormwater Drainage Capital Recovery Fees Misc. Fees & Revenue Airport Interest (All funds) Grants & Special Revenue Bond Proceeds Utility Franchise Fees Fund Balances Subtotal Interfund Charges & Transfers Where the Money Comes From - Comparison 39,067,959 45,448,412 39,512,982 8,812,796 11,006,048 10,998,396 TOTAL 47,880,75556,454,460 50,511,378 Percent change of 96/97 Adopted from 95/96 Projected Actual " Percent change of 97/98 Projected Base from 96/97 Adopted 97/98 Projected Base % Change**) 2,797,144 (15.5%) 95/96 94/95 95/96 Projected Actual Budget Actual 1,758,638 1,920,768 2,006,025 1,628,284 1,694,940 1,872,600 12,519,370 13,584,292 13,868,456 4,155,849 4,480,429 5,691,299 2,538,992 2,917,863 3,162,000 1,128,514 1,280,289 1,252,021 105,164 301,340 251,861 202,427 2,929,275 2,802,050 1,798,023 2,929,275 2,965,157 379,273 420,850 431,940 658,335 712,176 952,427 751,609 2,425,820 1,398,840 14,813,482 3,610,971 0 607,808 660,051 740,244 (3,977,809) 5,580,073 2,118,062 39,067,959 45,448,412 39,512,982 8,812,796 11,006,048 10,998,396 TOTAL 47,880,75556,454,460 50,511,378 Percent change of 96/97 Adopted from 95/96 Projected Actual " Percent change of 97/98 Projected Base from 96/97 Adopted 97/98 Projected Base % Change**) 2,797,144 (15.5%) 2,179,000 (6.0%) 15,486,600 (6.0%) 6,091,900 (5.3%) 3,393,571 (5.0%) 1,441,195 (6.0%) 288,691 (6.0%) 2,681,100 (0.0%) 2,437,297 (-18.7%) 456,450 (0.0%) 812,342 (-5.1%) 349,822 (-90.2%) 8,765,000 (0.2%) 849,661 (1.2%) 1,037,067 (-80.7%) 49,066,840 01.1%) 7,099,195 (-33.6%) 56,166,035 (-14.8%) FINANCIAL SUMMARY 28 ANNUAL OPERATING PLAN ELEMENT 1996/97 Property Taxes Tax Rates The Operating Plan includes a 1996 property tax rate of $.37850 per $100 taxable valuation. This rate represents a 0.85 cents increase from the 1995 rate of $.37. However, due to increases in 1996 property values, the adopted rate represents an 2.98% increase in actual out-of-pocket City tax payments. $0.45 $0.40 S $0.35 x ti $0.30 $0.25 86 87 88 89 90 91 92 93 94 95 96 97 Fiscal Year * Adopted Tax Rate -& Effective Tax Rate Property Values Property values increased 19.7% in 1996 representing the fourth consecutive year of increased property values after years of declining values in the late 1980's and early 1990's. This increase is a result of economic development in the Georgetown area, as well as the annexation of Sun City Georgetown and Churchill Farms subdivisions. This economic upswing and resulting rise in property values is expected to continue in the foreseeable future due to the ongoing development of Sun City Georgetown. $600 0 s4W $200 $0 90 91 92 93 94 95 96 97 Fiscal Year ED Existing Property W New & Annexed Property FINANCIAL SUMMARY ANNUAL OPERATING PLAN ELEMENT 1996/97 29 Property Tax Revenues Declining taxable values without corresponding increases in tax rates resulted in a large drop in property tax revenues available to fund General Fund operations of the City in the late 1980's and early 1990's. Operations in that fund have been maintained through increasing transfers from the City's utility funds. Although property tax revenues account for only 11 % of General Fund revenues, increasing demand for general city services and the increasing General Fund revenue shortfall will continue to be a significant financial issue for the City in coming years. During 1996/97, the City will continue to look for alternatives and solutions for this situation. The City Council has adopted a financial policy capping the "what it takes to balance" transfers that can be made. Sales Tax The City receives 1 % of the 7.25% local sales and use taxes for general operating purposes. The remaining 6.25% is collected and retained by the State of Texas. Sales tax revenues have been increasing steadily at approximately 13.5% per year on average for the last three years. In 1995/96, the increase was approximately 14% over the prior year period. The budget is projected at 10% as demand for taxable goods, primarily in the construction area, is expected to continue through 1996/97. Utility Revenues During the past year, the utility system customer base has grown significantly due to increased service area and rapid residential development. The continued build -out of Sun City Georgetown, as well as other subdivisions, will continue to add notable increases in the customer base. Significant infrastructure improvements have been made to the Citys utility systems to handle these rapid growth demands. Drought conditions during the past two years have resulted in significant increases in water revenue. Excess utility revenues fund capital improvements and shortfalls in other funds, including the General Fund. The Electric, Sanitation, Wastewater and Water Funds are fully self-supporting and pay all their own operating costs, debt service and capital improvements. Customer growth rates indicate that these funds will continue to cover all their own operating costs with no utility rate increases in these funds planned for FINANCIAL SUMMARY 30 ANNUAL OPERATING PLAN ELEMENT 1996197 several years. The debt issuance budgeted in the 1995/96 Operating Plan will occur in the upcoming year for the previously appropriated Customer Choice & Control (CCC) system. No additional utility revenue debt issuances will be needed to fund current year capital improvements. The 1995/96 Operating Plan adopted an increase in Stormwater Drainage fees that improved the position of the Stormwater Fund; however, it continues to be balanced with transfers from other utility funds. Sanitation revenues will continue to increase due to customer growth. The Sanitation Fund is projected to be self supporting in the upcoming year, due to changes in service fees at the Collection Station. All utility revenue projections are based upon 8 to 10% (varies by type of service) customer growth and level per capita usage. These projections include revenue from monthly services as well as tap and connection fees for new customers. Capital Recovery Fees Capital Recovery Fees are developer paid infrastructure fees adopted in accordance with state law or as part of a development agreement. The fees began in 1994/95 with the adoption of a development agreement with Del E. Webb Corporation for Sun City Georgetown. This agreement includes Service Improvement Project (SIP) fees charged on a per house basis for fire, streets, wastewater and water. This revenue projection reflects the anticipated build out of Sun City Georgetown. During 1995/96 the City adopted water and wastewater impact fees, as provided by State law, to be charged on new development beginning January 1997. The effect of these revenues will not be material in 1996/97 or 1997/98. Interest Revenues The interest income received by the City in 1995/96 increased approximately 45% over 1994/95. This increase is directly related to bond proceeds, higher year-end fund balances and higher investment yields. During the past year, the City implemented a zero balance account (ZBA) system on operating bank accounts to maximize yields on previously uninvested funds. The City will continue its investment program with its fund balances, contingency reserves, bond proceeds, and debt service funds for 1996/97. Interest revenues are projected to drop off in the next two years as bond proceeds are fully expended. Other City Revenues Misc. Fees & Revenues - Miscellaneous Fees include building permits, mapping and platting fees, surplus property sales, fines, parks & recreation charges and other user fees. Miscellaneous fees are expected to remain stable for the upcoming years. This category also includes any other revenues or funding sources not appropriate to other categories. Airport - Airport revenues will continue increasing slowly due to additional fuel sales and rentals on recently completed hangars. Grants & Special Revenues - Grant revenue projections are based upon actual grant receipts anticipated to be received during the year. Most grants are received on a cost reimbursement basis and are offset by these expenditures. The increase in 1996/97 is primarily due to the economic development grants for Reedholm Instruments, Advanced Cable Services and Advanced Metal Services. FINANCIAL SUMMARY ANNUAL OPERATING PLAN ELEMENT 1996/97 31 Bond Proceeds - The City will issue previously approved revenue bonds during the year. The general obligation issue approved in the 1995/96 Operating Plan will be up sized to include additional street projects and the construction of the fire station at Sun City Georgetown. The CIP projects financed with this debt are discussed in greater detail in the CIP section. Utility Franchise Fees - Utility franchise fees include fees from outside providers (cable, natural gas, telephone) and city -owned utilities. These revenues will rise based on growth in the total number of customers. Fund Balances - Fund balances/working capital balances remaining at fiscal year end that are not restricted for reserves or debt service are available for appropriation in the following year. These balances fluctuate from year to year primarily due to timing differences in capital improvement project expenditures. Where The Money Goes - Comparison Division expenditures may vary dramatically from year to year due to grant disbursements and special projects. Overall, expenditures are rising due to general economic growth and the increased demand for services created by the Sun City Georgetown development. Interfund Transfers 5,307,940 6,480,625 6,477,703 TOTALS 47,880,755 56,454,460 50,511,378 Percent change of 96/97 Adopted from 95/96 Projected Actual '• Percent change of 97/98 Projected Base from 96/97 Adopted 97/98 Projected Base (% Change") 15,385,009 (4.s%) 19,458,692 95/96 2,853,960 94/95 95/96 Projected Description Actual Budget Actual Capital Projects 11,900,877 11,557,766 7,310,055 Community Owned Utilities 14,949,660 17,170,810 17,089,388 Community Services 3,206,281 3,422,643 3,081,477 Debt Service 3,693,510 3,392,784 3,347,217 Development Services 585,232 837,832 813,129 Finance & Administration 2,078,141 3,147,904 3,125,051 Fire Services 1,085,615 1,533,543 1,523,693 Information Resources 901,780 1,406,379 1,263,688 Management Services 1,112,506 2,926,267 2,166,360 Parks& Recreation 1,058,916 2,263,091 2,052,685 Police Services 2,000,297 2,314,816 2,260,932 Interfund Transfers 5,307,940 6,480,625 6,477,703 TOTALS 47,880,755 56,454,460 50,511,378 Percent change of 96/97 Adopted from 95/96 Projected Actual '• Percent change of 97/98 Projected Base from 96/97 Adopted 97/98 Projected Base (% Change") 15,385,009 (4.s%) 19,458,692 (-25%) 2,853,960 (-11.4%) 4,065,809 (7.2%) 1,085,862 (-5.o%) 2,529,494 (-2zo%) 1,660,168 (-5.o%) 1,259,430 (-43.5%) 1,599,182 (-e4.o%) 1,273,926 (-15.7%) 2,712,091 (-1.0%) 2,282,412 (-so.o%) 56,166,035 (-14.8%) FINANCIAL SUMMARY 32 ANNUAL OPERATING PLAN ELEMENT 1996/97 Capital Improvements. Capital expenditures will increase in 1996/97 to provide street and utility infrastructure expansions. Projects for the upcoming year include streets projects and the implementation of the Customer Choice & Control (CCC) system for the utility funds. The planning and easement purchases for a new wastewater plant scheduled for construction in 1997/98 and improvements to expand the capacity of the Lake Water Treatment Plant are included, along with other water and wastewater improvements. Underground electric services for Sun City Georgetown, system improvements and a peaking generator are scheduled electric projects. A complete detail of all scheduled capital improvements is located in the CIP section of this document. Community Owned Utilities. Most of the additional expenditures in this division are due to increased purchases of electrical power resulting from rising electric sales. The water and wastewater plant operations contract has increased due to demand on the water and wastewater systems. Six additional positions will be added to this division in the upcoming year to handle service demands: two electric lineman, an electric groundsman, two light -equipment operators in the Streets Department and a secretary/receptionist in the Administration Department. The primary cost contingency in the utility area continues to be unfunded state and federal environmental mandates. Community Services. The increases in expenditures for this division are primarily due to the appropriation of funds for the 1996 HOME grant application currently pending. Costs associated with residential and commercial sanitation continue to rise due to 10% annual customer growth. Collection services are provided by a private contractor on a per customer basis causing costs to rise proportionally with revenue. Debt Service. As shown in the debt section, debt service for general obligation bonds and utility revenue bonds continues to increase as bonds are issued to fund street and utility system improvements to handle the Sun City Georgetown development and other growth. Development Services. A team made up of staff members from across divisions was created to improve the development process in 1995/96. The new process will reorganize the division by moving key employees who deal with the process to a new Development Process Team department. This department will also add six positions for the redesigned process: two development planners, a development engineer, an electric system planner, a development accounts specialist and a telephone receptionist. Finance & Administration. Expenditures in this division are budgeted to remain relatively stable for the upcoming years, with the exception of the Fleet Capital Replacement purchases, which continue to grow as more vehicles are added to the pool of vehicles to service and replace. The Fleet Fund will also purchase a pumper truck for the new fire station that will be constructed in the upcoming year. Large purchases for fire trucks are reflected in 1995/96 and 1996/97. Fire Services. This division will manage the construction of Georgetown's third fire station during this next year. Four additional firefighters will be added to provide more coverage on scheduled shifts at Station No. 1 and Station No. 2 and to improve response time. Fire Services, along with Police Services, will also begin planning for a public safety facility to be constructed in 1998/99. The division was reorganized to add an administration department, which will provide more depth to the organization. Information Resources. Expenditures for this division increase due to the scheduled purchase of public safety software and a new system and database for the Development Process Team, along with other scheduled computer replacements and upgrades. To handle increased demands and patrons of the Public Library, this division will add four part-time positions and will upgrade one current part-time position to a full- time position. An Information Services specialist will also be added, to provide support to the Development Process Team. FINANCIAL SUMMARY ANNUAL OPERATING PLAN ELEMENT 1996/97 33 Management Services. This division's expenditures fluctuate due to its role in managing the economic development grants received by the City to assist businesses who relocate to Georgetown. Grants to support Advanced Cable Services, Reedholm Instruments and Advanced Metal Systems are scheduled to be expended during the upcoming year. Parks & Recreation. Expenditures in this division decrease due to the scheduled completion and Gose out of the River Corridors grant from Texas Parks and Wildlife Department. Projects for the upcoming year include restroom renovations and parking lot construction at Blue Hole Park, replacement of parks and playground equipment, and park development at 17th and Walnut. A maintenance worker will be added in the upcoming year to handle landscape maintenance around the City square and at Grace Church. Police Services. Three new patrol officers will be added to the division to prepare for the addition of a fourth patrol district. A K-9 officer and two communications officers will also be added. Police will work with the Fire Services division in the upcoming year to implement a new public safety computer system and plan for a public safety facility. r FINANCIAL SUMMARY 34 ANNUAL OPERATING PLAN ELEMENT 1996/97 Del Webb Development Project - Sun City Georgetown Background In the fall of 1993, the Del Webb Corporation began evaluating a potential development site immediately northwest of the City of Georgetown. The Del Webb Corporation is the nation's leading builder/developer of active adult communities, called "Sun Cities." The Del Webb project, to be called "Sun City Georgetown", includes 9,500 homes, 4 golf courses and various community activity buildings on a 5,300 acre site. After several months of negotiations and analysis, the City Council approved a development agreement with the Del Webb Corporation in February 1995 that provides for fire protection, wastewater, water and electric services and infrastructure as well as phased annexation of the site. Home sales began in June 1995. As of September 1996, 384 homes are occupied and 404 are under construction. The project will be developed over 15 - 20 years. Homes will be built at an average rate of 420 - 450 per year with much higher building rates (600-900) in the first 2 - 3 years of the project. =) Impact on the City of Georgetown This development will have a tremendous financial and social impact on the City of Georgetown. The J development will be nearly as large as the existing population within the City limits. Sun City communities -� require that residents be 55 or over, thereby creating a drastic change in the demographics of the City over the next 20 years. The development will also bring retail and commercial business to the area that would ^� not have otherwise located in Georgetown. In order to ensure the short-term and long-term viability of the J existing Georgetown community, the City has performed numerous evaluations on the effects of the project. These are outlined below. J� Long-term Effects Infrastructure and Financing. The City has agreed to up -front the costs of infrastructure improvements j required to serve the project for fire protection, road improvements, wastewater and water services by issuing general obligation and revenue debt. Del Webb will reimburse the City for all costs, including carrying charges for debt, on a per home basis. These reimbursements, called SIP fees, are comparable to capital recovery or impact fees. Staff performed detailed analyses of the infrastructure and financing requirements. These analyses show that the City will make all infrastructure and debt payments using the SIP fees without cash shortfalls or increases in overall service rates for water and wastewater. The City will cash finance major projects with SIP fees to the extent possible to reduce future debt issuances. The City's utility debt coverage ratios will drop slightly over the next five years, but the ratios will be well above minimum requirements. The ratios will recover and strengthen after the first five years. Short-term Effects r-� Operating Costs. The City saw significant impacts on service demands in 1995/96 and will again in `J 1996/97. The increases in building permit activity, water and wastewater connections, and electric hook-ups have been reflected in the 1996/97 and 1997/98 revenues and expenditures. The City added six positions to Development Services in 1994/95 to accommodate the development. Significant additional staff specifically for the development of Sun City Georgetown are not anticipated. However, the Sun City Georgetown population, as well as the tremendous development growth in the rest of the city, contributed =j significantly to staff and services increases included in this budget. �.J FINANCIAL SUMMARY ANNUAL OPERATING PLAN ELEMENT 1996/97 35 A fiscal impact analysis of the development was prepared early in 1994/95. Because the street and utility infrastructure will be new, no significant increase in staffing for street and utility maintenance is anticipated for several years. The greatest impact will be nine additional firefighters required in time for the opening of a third fire station by January 1, 1998. The construction of Fire Station No. 3 is included in the 1996/97 budget. The additional fire fighters will be added in early 1997/98. Police, library and animal control services will also see more immediate increases in service demands over the next five years. Infrastructure and Financing. In 1994/95 the City issued $12 million in revenue debt with most of the proceeds going toward the initial infrastructure for Sun City Georgetown. The initial electric, wastewater and water projects were completed in 1995/96. Several streets projects in the northwest part of town will be funded all or in part by SIP fees. These projects will relieve traffic congestion along Williams Drive (RM 2338) and other arterials impacted by the development. The first large project, construction of Northwest Boulevard, is included in the current year budget. Infrastructure for Sun City Georgetown is included in the five year CIP plan and is noted on those schedules. The City will not see significant additional utility infrastructure construction or debt issues until 1997/98 when construction of the Pecan Branch Wastewater Treatment Plant will begin. A major expansion of the City's Lake Water Treatment Plant is scheduled to begin in 2000/01. FINANCIAL SUMMARY 36 ANNUAL OPERATING PLAN ELEMENT 1996/97 1 FUND SUMMARIES CITY OF GEORGETOWN Founded in 1848 All Funds Summary The All Funds Summary shows the budgeted total revenues and expenditures of each City fund. In addition, the 1996/97 beginning fund balance (working capital for enterprise funds) budgeted one year ago and the fund balance actually projected just prior to the end of the 1995/96 fiscal year is shown. Finally, the budgeted ending balance/working capital as of September 30, 1997, is calculated. Interfund transfers and charges are deducted, resulting in the true budgeted revenues and expenditures to be collected from or paid to the community. FINANCIAL SUMMARY 38 ANNUAL OPERATING PLAN ELEMENT 1996/97 Budgeted Projected Budgeted BeginningBeeginnmg Ending Fund Balance / Fund Balance / Budgeted Budgeted Fund Balance / Working Capital Working Capital Revenues Expenditures Working Capital 10/1/96 10/1/96 96/97 96/97 9/30/97 Airport Fund (82,933) (65,152) 533,435 566,046 (97,763) Debt Service Fund 172,611 218,289 1,156,975 1,076,733 298,531 Electric Fund 1,397,522 2,489,700 18,007,361 18,496,524 2,000,537 Facilities Maintenance ISF 0 31,721 355,295 387,016 0 Fleet Management ISF 0 12,471 1,640,110 1,652,581 0 General Capital Projects 58,955 90,659 2,018,000 2,195,000 (86,341) General Fund 1,621,657 2,687,109 9,664,134 10,821,243 1,530,000 Information Services ISF 0 166,976 1,183,572 1,350,548 0 Joint Services Fund 0 102,548 1,368,337 1,470,885 0 Sanitation Fund 0 0 1,437,903 1,437,903 0 Special Revenue Funds 141,505 277,479 5,188,490 5,291,102 174,867 Stormwater Drainage Fund 116,300 68,658 409,867 453,403 25,122 Streets Capital Projects (27,579) 520,611 4,044,064 4,564,675 0 Wastewater Fund 2,969,515 4,077,972 4,592,611 6,231,877 2,438,706 Water Fund 2,097,577 4,359,843 8,924,198 9,904,934 3,379,107 Subtotal 8,465,130 15,038,884 60,524,352 65,900,470 9,662,766 Less Transfers In & Out and Services & Administrative Charges 10,687,160 10,687,160 Total 8,465,130 15,038,884 49,837,192 55,213,310 9,662,766 Add In Electric Fund Notes Receivable: Tessco 335,200 335,200 304,888 Reedholm Instruments 125,000 135,000 127,798 IH -35 Frontage Road Assessment 578,000 578,000 542,606 Total Fund Balance/Working Capital 9,503,330 16,087,084 10,638,058 FINANCIAL SUMMARY 38 ANNUAL OPERATING PLAN ELEMENT 1996/97 Where Will We Be After 1996/97 As required by the Century Plan, each year's Annual Operating Plan projects the base budget for the following year. The base budget for 1997/98 indicates that difficult decisions lie ahead for the City in order to maintain required fund balances in the General Fund and each utility fund. There are two factors which historically have mitigated this typically dire outlook. Georgetown's budgets have historically been conservative. Revenues have exceeded budgeted amounts and expenditures have been lower than projected. An even greater factor for future budget years continues to be Sun City Georgetown. Serious thought and action will be required to meet the demand for services and still maintain the quality of life so important to Georgetown. FINANCIAL SUMMARY ANNUAL OPERATING PLAN ELEMENT 1996/97 39 Budgeted Projected Budgeted Beginning Beginning Ending Fund Balance / Fund Balance / Budgeted Budgeted Fund Balance / Working Capital Working Capital Revenues Expenditures Working Capital 10/1/97 10/1/97 97/98 97/98 9/30/98 Airport Fund (97,763) (97,763) 483,435 513,590 (127,918) Debt Service Fund 298,531 298,531 1,364,569 1,329,569 333,531 Electric Fund 2,000,537 2,000,537 20,522,668 20,388,052 2,135,153 Facilities Maintenance ISF 0 0 337,931 333,996 3,935 Fleet Management ISF 0 0 1,115,964 1,029,522 86,442 General Capital Projects (86,341) (86,341) 729,341 690,500 (47,500) General Fund 1,530,000 1,530,000 7,999,780 10,359,374 (829,594) Information Services ISF 0 0 446,802 446,802 0 Joint Services Fund 0 0 1,319,239 1,307,653 11,586 Sanitation Fund 0 0 1,524,122 1,471,602 52,520 Special Revenue Funds 174,867 174,867 1,982,501 1,904,988 252,380 Stormwater Drainage Fund 25,122 25,122 294,601 379,563 (59,840) Streets Capital Projects 0 0 1,439,000 1,439,000 0 Wastewater Fund 2,438,706 2,438,706 7,995,393 8,402,257 2,031,842 Water Fund 3,379,107 3,379,107 7,573,622 6,169,567 4,783,162 Subtotal 9,662,766 9,662,766 55,128,968 56,166,035 8,625,699 Less Transfers In & Out and Services & Administrative Charges 7,099,195 7,099,195 Total 9,662,766 9,662,766 48,029,773 49,066,840 8,625,699 Add In Electric Fund Notes Receivable: Tessco 304,888 304,888 304,888 Reedholm Instruments 127,798 127,798 127,798 IH -35 Frontage Road Assessment 542,606 542,606 542,606 Total Fund Balance/Working Capital 10,638,058 10,638,058 9,600,991 FINANCIAL SUMMARY ANNUAL OPERATING PLAN ELEMENT 1996/97 39 General Fund Summary 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. The Safety Services and Purchasing and Properties departments previously accounted for in the Joint Services Fund will now be accounted for in the General Fund. A Special Revenue Fund has been established to account for the Streets Department and property tax and franchise fee revenues designated for street improvements, previously reported within the General Fund. 97/98 Projected Base (% Change ') 1,675,104 (-6.35x) 819,098 (-13.316) 94,632 (3.6%) 159,752 (-3.0%) 1,189,800 (10.0%) 2,173,000 (6.0%) 1,788,121 (-48.2%) 100,273 (6.0%) Total Revenues 94/95 95/96 95/96 Projected :s96fi43:>:#STB%j Actual Budget Actual REVENUES Administrative Charges 669,609 929,588 929,588 All Other Revenue 520,845 878,316 1,034,587 Fines and Citations 67,970 77,912 89,270 Interest 140,747 115,000 149,000 Property Taxes 946,672 999,000 1,081,257 Sales Taxes 1,623,370 (1) 1,683,940 1,857,461 Transfers In 3,709,166 3,781,991 3,964,800 Utility Franchise Fees 607,808 660,051 740,244 97/98 Projected Base (% Change ') 1,675,104 (-6.35x) 819,098 (-13.316) 94,632 (3.6%) 159,752 (-3.0%) 1,189,800 (10.0%) 2,173,000 (6.0%) 1,788,121 (-48.2%) 100,273 (6.0%) Total Revenues 8,286,187 9,125,798 9,846,207 :s96fi43:>:#STB%j 7,999,760 (-17.2%) EXPENDITURES Streets 568,244 666,192 653.692 :E <:>#:it::::ktool)%) 0 (WA) Animal Services 119,069 146,964 136,608 :' 149813& (ssN 146,724 (-2.1%) Community Services Administration 103,345 102,073 99,062 4 3734...... ►9c) 113,734 (o.o%) Development Support 366,650 438,494 434,601 #x;995;:;;:;;:(=28?6� 287,940 (•7.6%) Development Process Team 0 68,000 63,317 ::d2a;±t4tx5atse?�i 388,956 (-7.5%) Inspection Services 218,582 331,338 315,211 ?`?4#1 (f5 <:(ti_{g6j 408,966 (-0.5%) Accounting 184,090 208,381 208,216 2fi8 ':E:s f>r496j 207,039 0.9%) Finance Administration 194,346 214,524 214,524fi33<'(.t96j 221,931 (-8.5%) Municipal Court 90,953 105,467 105,467 ?d5v249kj 104,521 (-0.9w) Purchasing & Properties 0 0 0 2g47?!Aj? 242,179 (-1.1%) Fire Administration 0 0 0 <:241;338?iUAj:: 211,338 (0.0%) Fire Prevention 170,102 158,735 158,735t5Ei7 ksy%) 149,221 (-0.7%) Fire Operations 915,513 1,265,042 1,263,042 t?236(fle9§7 1,186,855 (6.0%) Fire Training & Emergency Mgt 0 109,766 101,916 «:F23195o956j 112,754 (e.s%) Information Resources Management 0 186,879 186,879 i% :F39;.14 207,714 (-0.7%) Public Library 361,966 455,654 455,654 :?'9fi099ij 579,814 (-26%) City Attorney's Office 229,366 300,666 300,866 ::: 3?j2 # `:: (7 $4() 337,231 (-t5%) City Council 50,764 60,100 54,324 z:>£35f1R:::SCsaScj 73,100 (-120%) City Manager's Office 371,684 262,695 254,131 >'>3f4t43 136%) 314,113 (o.o%) City Wide HR Services 34,003 173,048 173,048 `:;452;r,'�ds_59c) 375,384 (-17.1%) Employee & Organizational Svcs. 201,531 286,770 286,770 3931$38?5 {°j 333,838 (o.o%) General Government 414,116 536,651 536,651 ::ii5#:::{8sij 484,151 (o.o%) Safety Services 0 0 0 :<:t76;06:> (ifinj 97,516 Parks 526,341 638,914 638,914 <<69XLlf#::z:::(9:S9Gj 682,761 (-20%) Recreation 270,680 306,274 296,157 <'>#334247:9sbj 318,217 (-4.8%) Police Administration 255,047 298,777 277,527 :>33:2995s%j 282,297 (-3.4%) Police Information Management 407,802 453,166 450,848 s>5321R `>S9tij 517,923 (-0.9%) Police Patrol Services 906,243 1,022,816 1,019,132 1,216,087 (1.1%) Police Professional Standards 132,074 146,752 143,833 >Ezz:E5BA88;z;(S?c) 156,088 (0.0%) Police Special Operations 245,835 355,805 343,194 d8$8?I.i2?f461 465,274 (4.81A) Transfers Out 254,741 500,688 500,688 :239;SEE3;(52 ... j 135.708 (43.4%) Total Expenditures 7,593,087 9,800,831 9,673,007 y)8212+i3cej 10,359,374 (4.3%) Excess (Deficiency) of Revenues over Expenditures 693,100 (675,033) 173,200 {157109)FTsex [%j (2,359,594) (103.9%) Fund Balance at Beginning of Year 1,820,809 2,296,690 2,513,909 >3E7it09'?<(isiAcj 1,530,000 (43.1%) Fund Balance at End of Year 2,513,909 1,621,657 2,687,109 `;;a;tlbt3 :'(syK) (829,594) (-154.2%) Contingency Reserve Requirement 1,325,000 1,615,000 1,615,000 ?'153Fi [10 Ns:1* 1,530,000 (o.o%) Fund Balance, Unreserved 1,188,909 6,657 1,072,109 :! :::R:'tiDgtt9�) (2359,594) (WA) (1) 13 Months Sales Tax revenue to comply with GASB 22 ' Percent change of 96/97 Adopted from 95/96 Projected Actual Percent change of 97/98 Projected Base from 96/97 Adopted FINANCIAL SUMMARY 40 ANNUAL OPERATING PLAN ELEMENT 1996197 Special Revenue Funds Summary The Special Revenue Funds Summary shows and totals budgeted revenues and expenditures of each special revenue fund. In addition, each beginning fund balance budgeted one year ago and the fund balance actually projected just prior to the end of the 1995/96 fiscal year is shown. Finally, the budgeted ending fund balance as of September 30, 1997 is calculated and totaled for all funds. Individual fund and program information is included following the administering department. FINANCIAL SUMMARY ANNUAL OPERATING PLAN ELEMENT 1996/97 41 Fund Budgeted Projected Budgeted Summary Beginning Beginning Ending Page Fund Balance / Fund Balance ! Budgeted Budgeted Fund Balance / Number Working Capital Working Capital Revenues Expenditures Working Capital Convention &Visitors Fund 143 78,851 129,626 239,700 286,564 82,762 Economic Development Grants 266 0 0 2,797,078 2,797,078 0 HOME Grant 126 0 0 337,500 337,500 0 Library Special Funds 247 5,472 5,795 25,500 25,100 6,195 Mapping 242 17,792 52,263 7,000 50,000 9,263 Parks Special Revenues 283 31,408 30,875 90,400 54,500 66,775 Police Special Funds 298 6,947 14,727 71,622 76,922 9,427 Recreation Programs Fund 288 1,035 44,193 305,600 349,348 445 River Corridors Grant 284 0 0 185,350 185,350 0 Streets Special Revenue Fund 107 0 0 1,128,740 1,128,740 0 TOTALS 141,505 277,479 5,188,490 5,291,102 174,867 FINANCIAL SUMMARY ANNUAL OPERATING PLAN ELEMENT 1996/97 41 Electric Fund Summary The Electric Fund is used to account for the revenues from all operating and maintenance activities of the utility and the expenditures of the departments which support those activities. Electric expenditures include the Electric department, purchased power costs, debt service, capital projects and transfers out to other funds as directed by the City Council. The City Council may use working capital balances to internally finance economic development and other City projects in lieu of issuing bonds or other borrowing mechanisms. These investments are secured by guarantees or liens and provide a higher rate of return on the funds than from conventional investments. These investments are long-term (5 - 7 years) and are included in working capital at the direction of the City Council. Worldng Capital, Unreserved 536,449 0 627,822 i::>:>5tjfiS€ryyj 0 (-100.0%) Percent change of 96/97 Adopted from 95/96 Projected Actual Percent change of 97/98 Projected Base from 96/97 Adopted FINANCIAL SUMMARY 42 ANNUAL OPERATING PLAN ELEMENT 1996197 95/96 :>':::%197€€€€>>> 97/98 94/95 95/96 Projected '3t<?liispoE+d2 Projected Base Actual Budget Actual (9ts F'`':`'''z<< Change-) REVENUES All Other Revenue 375,307 622,670 728,841 '<jf98;i3v7::(5t96j 856,257 (-25.4%) Electric Services 12,519,370 13,584,292 13,868,456 i48(j]#i0#''(595I 15,486,600 (6.0%) Interest 104,888 192,372 159,047 £t44i8%j 179,811 (1.3%) Bond Proceeds 2,491,125 1,050,192 0;157 lStk:::::#NiA) 4,000,000 (94.4%) Transfers In 177,898 53,217 11,230 ><<[ ll { 1MW 0 (WA) Total Revenues 15,668,588 15,502,743 14,767,574 20,522,668 (14.0%) EXPENDITURES Utility Contracts 9,365,303 10,693,145 10,693,145 113495'(6;3%j 11,795,099 (3.7%) Electric Department 728,338 739,038 735,945 ::><::$6tt7<tz5titj 937,891 (1.3%) CIP Projects 1,137,395 3,630,442 2,457,738 ::3863:(6f 6,328,818 (59.7%) Debt Service 72,984 160,851 160,581 ... 3%..3 367,971 (4.7%) Transfers Out 2,767,639 2,712,898 2,671,181 958,273 (as.z%) Total Expenditures 14,071,659 17,936,374 16,718,590 ; i8d3g24`(7A696j 20,388,052 (to.z%) Excess (Deficiency) of Revenues over Expenditures 1,596,929 (2,433,631) (1,951,016) f`' I t33 ' 74j 134,616 (-127.5%) Worldng Capital at Beginning of Year 2,843,787 3,831,153 4,440,716 489YQt[j" 2,000537 (-19.6%) Worldng Capital at End of Year 4,440,716 1,397,522 2,489,700 Z©DU37(=g`s%j 2,135,153 (6.7%) Tessco Note Receivable 363,469 335,200 335,200 3Q4;$8S;z<c96 272,757 (-10.5%) Reedholm Note Receivable 0 125,000 135,000 #22798(39] 114,645 (-10.3%) IH -35 Frontage Note Receivable 578,000 578,000 578,000 ;;[925(i6<>(6:ti96 467,471 (-13.6%) Working Capital / Notes Rec-End of Year 5,382,185 2,435,722 3,537,900 2,990,026 (0.5%) Worldng Capital, Unreserved 536,449 0 627,822 i::>:>5tjfiS€ryyj 0 (-100.0%) Percent change of 96/97 Adopted from 95/96 Projected Actual Percent change of 97/98 Projected Base from 96/97 Adopted FINANCIAL SUMMARY 42 ANNUAL OPERATING PLAN ELEMENT 1996197 Sanitation Fund Summary The Sanitation Fund is used to account for the revenues from all operating and maintenance activities of the utility and the expenditures of the departments which support those activities. Sanitation includes operating costs of the Collection Station and Utility Contracts departments, as well as payments to the City's private contractor for solid waste disposal services. The fund becomes self supporting in 1996/97. Percent change of 96/97 Adopted from 95/96 Projected Actual — Percent change of 97/98 Projected Base from 96/97 Adopted FINANCIAL SUMMARY ANNUAL OPERATING PLAN ELEMENT 9996/97 97/98 Projected Base (% Change") 82,027 (6.o%) 900 95/96 1,441,195 94/95 95/96 Projected Actual Budget Actual REVENUES All Other Revenue 19,392 37,558 33,601 Interest 3,452 2,000 0 Sanitation Services 1,128,514 1,280,289 1,252,021 Transfers In 78,940 67,494 23,876 Total Revenues 1,230,298 1,387,341 1,309,498 EXPENDITURES Utility Contracts 993,438 1,166,910 1,166,910 Collection Station 111,805 161,525 159,474 Transfers Out 67,602 77,122 77,122 Total Expenditures 1,172,845 1,405,557 1,403,506 Excess (Deficiency) of Revenues over Expenditures 57,453 (18,216) (94,008) Working Capital at Beginning of Year 36,555 18,216 94,008 Working Capital at End of Year 94,008 0 0 Percent change of 96/97 Adopted from 95/96 Projected Actual — Percent change of 97/98 Projected Base from 96/97 Adopted FINANCIAL SUMMARY ANNUAL OPERATING PLAN ELEMENT 9996/97 97/98 Projected Base (% Change") 82,027 (6.o%) 900 (0.0%) 1,441,195 (6.o%) 0 (WA) 1,524,122 (6.o%) 1,231,612 (5.3%) 151,185 (-5.6%) 88,805 (-18.0%) 1,471,602 (2.3%) 52,520 (N/A) 0 (N/A) 52,520 (WA) 43 Stormwater Drainage Fund Summary The Stormwater Drainage Fund is used to account for the operations and maintenance of the City's drainage system. Stormwater expenses include debt service of previously issued capital improvement debt. This fund's continuing operating deficit is balanced with transfers from other utility funds. Total Expenditures Excess (Deficiency) of Revenues over Expenditures Working Capital at Beginning of Year Working Capital at End of Year Reservations: 264,753 1,166,332 1,184,620 711,983 (619,300) (673,567) 30,242 735,600 742,225 742,225 116,300 68,658 Reserved for Capital Improvements 686,318 90,000 95/96 Reserved for Debt Service 94/95 95196 Projected Reserved for Contingency Actual Budget Actual REVENUES 30,900 0 (46,042) All Other Revenue 1,851 6,235 5,780 Stormwater Fees 105,164 301,340 251,861 Interest 1,325 19,600 33,555 Bond Proceeds 725,000 0 0 Transfers In 143,396 219,857 219,857 Total Revenues 976,736 547,032 511,053 EXPENDITURES Storm Drainage 208,855 276,759 275,789 CIP Projects 50,000 807,700 829,890 Debt Service 0 63,599 63,589 Transfers Out 5,898 18,274 15,352 Total Expenditures Excess (Deficiency) of Revenues over Expenditures Working Capital at Beginning of Year Working Capital at End of Year Reservations: 264,753 1,166,332 1,184,620 711,983 (619,300) (673,567) 30,242 735,600 742,225 742,225 116,300 68,658 Reserved for Capital Improvements 686,318 90,000 89,628 Reserved for Debt Service 7 1,300 72 Reserved for Contingency 25,000 25,000 25,000 Working Capital, Unreserved 30,900 0 (46,042) Percent change of 96197 Adopted from 95/96 Projected Actual •• Percent change of 97198 Projected Base from 96/97 Adopted 97/98 Projected Base (% Change ••) 4,550 (6.0%) 288,691 (6.0%) 1,360 (-57.8%) 0 (WA) 0 (-10o.e%) 294,601 (-28.1%) 278,120 (-2.3%) 25,000 (-73.0%) 58,848 (-1.4%) 17,595 (6.0%) 379,563 (-16.3%) (84,962) (95.2%) 25,122 (-63.4%) (59,840) (-M.2%) 0 (WA) 182 (49.2%) 25,000 (o.o%) (85,022) (WA) FINANCIAL SUMMARY 44 ANNUAL OPERATING PLAN ELEMENT 1996/97 Wastewater Fund Summary The Wastewater Fund is used to account for the revenues from all operating and maintenance activities of the utility and expenses of the Utility Contracts, Wastewater Collection and Wastewater Treatment Facilities departments which support those activities. Wastewater expenditures include operations, payments to a private contractor to operate the City's three wastewater treatment plants, debt service, capital projects and transfers out to other funds as directed by Council. REVENUES All Other Revenues Capital Recovery Fees Interest Bond Proceeds Grant/Donations Transfers In Wastewater Services Total Revenues EXPENDITURES Utility Contracts Wastewater Collection Wastewater Treatment Facilities CIP Projects Debt Service Transfers Out Total Expenditures Excess (Deficiency) of Revenues over Expenditures Working Capital at Beginning of Year Working Capital at End of Year 10,155,591 4,410,179 4,229,592 508,340 700,402 95196 94/95 95196 Projected Actual Budget Actual 6,035,803 1,875,940 1,019,429 115,208 78,690 81,598 57,105 789,750 759,375 111,426 160,499 218,213 7,035,925 454,971 0 68,977 0 0 227,958 8,406 8,406 2,538,992 2,917,863 3,162,000 10,155,591 4,410,179 4,229,592 508,340 700,402 700,402 296,080 315,618 304,893 457,324 557,788 557,788 6,035,803 1,875,940 1,019,429 690,199 861,643 838,648 583,358 928,794 951,189 8,571,104 5,240,185 4,372,349 1,584,487 (830,006) (142,757) 2,636,242 3,799,521 4,220,729 4,220,729 2,969,515 4,077,972 Reservations: (424%) 347,693 (-3.4%) Reserved for Capital Improvements 2,298,612 1,247,584 1,664,683 Reserved for Debt Service 846,207 624,956 926,842 Reserved for Contingency 675,000 731,000 731,000 Reserved for Restricted SIP Use 0 365,975 365,975 Working Capital, Unreserved 400,910 0 389,472 ' Percent change of 96/97 Adopted from 95/96 Projected Actual " Percent change of 97/98 Projected Base from 96/97 Adopted FINANCIAL SUMMARY ANNUAL OPERATING PLAN ELEMENT 1996/97 97/98 Projected Base (% Change") 85,369 (3.8%) 729,000 (0.0%) 137,453 (-0.1%) 3,650,000 (787.0%) 0 (N/A) 0 (N/A) 3,393,571 (5.0%) 7,995,393 (74.19G) 870,402 (424%) 347,693 (-3.4%) 695,720 (5.7%) 5,381,691 (197.9%) 852,708 (1.5%) 254,043 (-75.9%) 8,402,257 (34.8%) (406,864) (-75.2%) 2,438,706 (-40.2%) 2,031,842 (-16.7%) 0 (-100.0%) 1,121,842 (7.9%) 910,000 (0.0%) 0 (N/A) 0 (-100.0%) 45 Water Fund Summary The Water Fund is used to account for the revenues from all operating and maintenance activities of the utility and the expenditures of the Utility Contracts, Water Distribution and Water Treatment Facilities departments which support those activities. Water expenses include operations, payments to a private contractor to operate the City's two water treatment plants, debt service payments, capital projects and transfers out to other funds as directed by Council. REVENUES All Other Revenues Capital Recovery Fees Interest Bond Proceeds Grant/Donations Transfers In Water Services Total Revenues EXPENDITURES Utility Contracts Water Distribution Water Treatment Facilities CIP Projects Debt Service Transfers Out Total Expenditures Excess (Deficiency) of Revenues over Expenditures Working Capital at Beginning of Year Working Capital at End of Year Reservations: Reserved for Capital Improvements Reserved for Debt Service Reserved for Contingency Reserved for Restricted SIP Use 7,188,568 6,898,426 7,430,503 97/98 Projected Base (% Change ") 119,122—(4A%)-- 19,122 (4A%) - 95/96 94/95 95/96 Projected Actual Budget Actual (N/A) 0 (NIA) 65,523 94,379 112,024 93,342 1,290,900 1,241,250 115,214 131,930 193,550 2,497,950 708,408 0 0 186,175 186,175 260,690 6,205 6,205 4,155,849 4,480,429 5,691,299 7,188,568 6,898,426 7,430,503 97/98 Projected Base (% Change ") 119,122—(4A%)-- 19,122 (4A%) - 1,191,600 1,191,600 (0.0%) 171,000 (-7.5%) 0 (-100.0%) 0 (N/A) 0 (NIA) 6,091,900 (5.3%) 7,573,622 (-15.1%) 1,045,436 1,203,002 1,194,822 1j$48313;_(5596) 1,524,414 (-17.4°6) 458,978 497,546 495,91925623{sfYg6j 525,623 (0.0%) 501,350 554,034 554,034 704,054 (5.8%) 3,130,362 2,532,663 1,383,406 3846 82D `{g781% 1,520,000 (s0.5%) 1,744,850 1,335,613 1,315,321 14fi5E23'(�a°E 1,456,713 (-o.6%) 551,785 912,097 931,419 '1;555 32€€ sTEi» 438,763 (a1.8%) 7,432,761 7,034,955 5,874,921 (244,193) (136,529) 1,555,582 3,048,454 2,234,106 2,804,261 2,804,261 2,097,577 4,359,843 0 0 463,618 1,054,319 722,970 1,140,089 1,100,000 1,168,000 1,168,000 0 206,607 206,607 Working Capital, Unreserved 649,942 0 1,381,529 ' Percent change of 96/97 Adopted from 95/96 Projected Actual " Percent change of 97/98 Projected Base from 96/97 Adopted 6,169,567 (-37.7%) 1,404,055 (-243.2°.6) 3,379,107 (-22.5%) 4,783,162 (41.6%) (NIA) 1,460,146 (7.1%) 1,500,000 (0.0%) 1,072,303 (118.5%) 750,713 (2842.2%) FINANCIAL SUMMARY 46 ANNUAL OPERATING PLAN ELEMENT 1996/97 Airport Fund 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 real and personal property at the airport. All revenues generated from or associated with airport operations are accounted for in this fund and are restricted solely for the benefit of the airport. The working capital deficit is projected to be eliminated by 1999/2000 through General Fund subsidies and increased hanger rental rates and fuel flowage fees. The deficit is considered a working capital loan for which the fund pays 5% interest on the outstanding balance. REVENUES Ad Valorem & Sales Tax Fuel & Terminal Sales Interest & Other Leases and Rents Transfers In Total Revenues _ EXPENDITURES Airport Transfers Out Total Expenditures Excess (Deficiency) of Revenues over Expenditures Working Capital at (345,789) (307,800) (24,376) Beginning of Year 305,013 224,867 (40,776) Working Capital at End of Year (40,776) (82,933) (65,152) ' Percent change of 96/97 Adopted from 95/96 Projected Actual '• Percent change of 97/98 Projected Base from 96/97 Adopted FINANCIAL SUMMARY ANNUAL OPERATING PLAN ELEMENT 1996/97 97/98 Projected Base (% Change ") 12,000 (0.0%) 95/96 94/95 95/96 Projected Actual Budget Actual 25,704 17,000 21,139 276,010 287,950 289,040 82,181 6,400 1,250 103,263 132,900 142,900 1,725 23,546 23,546 488,883 467,796 477,875 800,963 731,777 458,432 33,709 43,819 43,819 834,672 775,596 502,251 (345,789) (307,800) (24,376) Beginning of Year 305,013 224,867 (40,776) Working Capital at End of Year (40,776) (82,933) (65,152) ' Percent change of 96/97 Adopted from 95/96 Projected Actual '• Percent change of 97/98 Projected Base from 96/97 Adopted FINANCIAL SUMMARY ANNUAL OPERATING PLAN ELEMENT 1996/97 97/98 Projected Base (% Change ") 12,000 (0.0%) 304,300 (0.0%) 1,500 (0.0%) 152,150 (0.0%) 13,485 (-78.8%) 483,435 (-9.4%) 468,365 (-1o.1%) 45,225 (-o.o%) 513,590 (-9.3%) (30,155) (a.5%) (97,763) (so.i%) (127,918) (3o.8%) 47 Internal Service Funds The Facilities Maintenance Fund provides janitorial services, light maintenance, copier repair and maintenance, HVAC repair, landscape maintenance, re -roofing and painting services on an established schedule. Charges for service are based on the projected cost of services provided. Most buildings owned by the City are maintained by the fund. The expenditures are for the City's facility maintenance staff department and contracted services. Excess (Deficiency) of Revenues over Expenditures 25,702 (22,800) (17,714) Worsting Capital at Beginning of Year 23,733 22,800 49,435 Working Capital at End of Year 49,435 0 31,721 ' Percent change of 96/97 Adopted from 95/96 Projected Actual " Percent change of 97/98 Projected Base from 96/97 Adopted 97/98 Projected Base (% Change**) 0 (-100.0%) 329,380 95/96 8,551 94/95 95/96 Projected Actual Budget Actual REVENUES Transfers In 1,734 270,292 270,292 Facility Maintenance Fees 290,173 320,372 320,372 Other 7,295 7,000 12,000 Total Revenues 299,202 597,664 602,664 EXPENDITURES Facility Maintenance Services 35,961 41,662 41,576 Facility Maintenance Contracts 237,539 578,802 578,802 Total Expenditures 273,500 620,464 620,378 Excess (Deficiency) of Revenues over Expenditures 25,702 (22,800) (17,714) Worsting Capital at Beginning of Year 23,733 22,800 49,435 Working Capital at End of Year 49,435 0 31,721 ' Percent change of 96/97 Adopted from 95/96 Projected Actual " Percent change of 97/98 Projected Base from 96/97 Adopted 97/98 Projected Base (% Change**) 0 (-100.0%) 329,380 (0.0%) 8,551 (0.0%) 337,931 (49%) 45,394 (0.0%) 288,602 (-15.5%) 333,996 (-13.7%) 3,935 (-112.4%) 0 (-100.0%) 3,935 (N/A) FINANCIAL SUMMARY 48 ANNUAL OPERATING PLAN ELEMENT 1996/97 �l The Fleet Management Fund provides vehicles, vehicle equipment and communications equipment to all using City departments. The fund also provides maintenance for all vehicles through the Vehicle Service Center. Charges for service are based on the annualized replacement and maintenance costs of each vehicle. The expenses include the Vehicle Service Center department, all vehicle and communication equipment replacements and vehicle insurance, and costs associated with the city-wide 800 MHZ communication system. REVENUES Charges for Services Interest & Other Sale of Property Transfers In Total Revenues EXPENDITURES Transfers Out Capital Replace & Ins Vehicle Service Center Total Expenditures Excess (Deficiency) of Revenues over Expenditures Working Capital at Beginning of Year 964,472 1,270, 926 1,283,926_ 0 50,183 50,183 577,153 969,894 963,370 280,427 299,027 297,433 857,580 1,319,104 1,310,986 106,892 (48,178) (27,060) (67,361) 48,178 39,531 Working Capital at End of Year 39,531 0 12,471 Percent change of 96/97 Adopted from 95/96 Projected Actual Percent change of 97/98 Projected Base from 96/97 Adopted FINANCIAL SUMMARY ANNUAL OPERATING PLAN ELEMENT 1996/97 97/98 Projected Base (% Change ") 1,077,464 (o.o%) 31,000 (-1.3%) 7,500 (o.o%) 0 (-100.0%) 1,115, 964 (-32.0%) 0 (WA) 708,280 (-46.6%) 321,242 (-1.2%) 1,029,522 (-37.7°x) 86,442 (a93.1%) 0 (-10o.0%) 86,442 (N/A) 49 95/96 94/95 95/96 Projected Actual Budget Actual 765,475 925,286 925,286 21,403 18,000 31,000 24,355 222,000 222,000 153,239 105,640 105,640 964,472 1,270, 926 1,283,926_ 0 50,183 50,183 577,153 969,894 963,370 280,427 299,027 297,433 857,580 1,319,104 1,310,986 106,892 (48,178) (27,060) (67,361) 48,178 39,531 Working Capital at End of Year 39,531 0 12,471 Percent change of 96/97 Adopted from 95/96 Projected Actual Percent change of 97/98 Projected Base from 96/97 Adopted FINANCIAL SUMMARY ANNUAL OPERATING PLAN ELEMENT 1996/97 97/98 Projected Base (% Change ") 1,077,464 (o.o%) 31,000 (-1.3%) 7,500 (o.o%) 0 (-100.0%) 1,115, 964 (-32.0%) 0 (WA) 708,280 (-46.6%) 321,242 (-1.2%) 1,029,522 (-37.7°x) 86,442 (a93.1%) 0 (-10o.0%) 86,442 (N/A) 49 The Joint Services Fund is composed of departments which provide services to the utility funds. Charges for services provided by the Joint Services Fund are determined by allocating each specific departments costs to using funds. The Safety Services, General Insurance and Purchasing and Properties departments will now be accounted for in the General Fund. REVENUES All Other Revenue Service Fees Transfers In Total Revenues EXPENDITURES COU Administration General Insurance Pump Maintenance Safety Services Customer Service Purchasing & Properties Utility Office Systems Engineering Transfers Out Total Expenditures Excess (Deficiency) of Revenues over Expenditures Working Capital at Beginning of Year 95/96 94/95 95/96 Projected Actual Budget Actual 24,511 6,000 11,600 1,552,442 2,013,920 2,013,920 17,367 50,327 50,327 1,594,320 2,070,247 2,075,847 253,419 299,887 292,994 154,789 237,000 205,000 298,936 346,046 320,376 120,062 134,518 127,251 122,274 123,289 122,779 189,656 291,168 288,347 288,016 438,979 427,316 136,783 190,564 179,310 60,290 76,933 76,933 1,624,225 2,138,384 2,040,306 (29,905) (68,137) 35,541 96,912 68,137 67,007 Working Capital at End of Year 67,007 0__j02,548 Percent change of 96/97 Adopted from 95/96 Projected Actual "" Percent change of 97198 Projected Base from 96197 Adopted 97/98 Projected Base (% Change ") 9,500 (31.7%) 1,309,739 (-3.8%) 0 (WA) 1,319,239 (-3.6%) 269,372 (-7.8%) 0 (N/A) 343,267 (o.o%) 0 (N/A) 133,418 (0.0%) 0 (N/A) 390,306 (-2.8%) 171,290 (o.o%) 0 (-100.0%) 1,307,653 (-11.1%) 11,586 (-111.3%) 0 (-100.0%) 11,586 (N/A) FINANCIAL SUMMARY 50 ANNUAL OPERATING PLAN ELEMENT 1996197 1 r� CD 0 O U 03 D 0 D 0 O L» L J �1 The Information Services Fund provides computer hardware, software, training and staff support. Charges for services are determined by allocating costs to using departments based on hardware and software requirements of each department. REVENUES Transfers In IS Fees Other Revenues Total Revenues EXPENDITURES IS Department IS Capital Replacement Total Expenditures Excess (Deficiency) of Revenues over Expenditures Working Capital at Beginning of Year Working Capital at 95/96 94/95 95/96 Projected Actual Budget Actual 302,786 367,434 367,434 227,157 331,527 331,527 12,011 5,000 21,000 714,746 541,954 703,961 719,961 63,725 158,619 154,928 455,988 556,127 441,127 519,713 714,746 596,055 22,241 (10,785) 123,906 20,829 10,785 43,070 End of Year 43,070 0 166,976 • Percent change of 96/97 Adopted from 95/96 Projected Actual " Percent change of 97/98 Projected Base from 96/97 Adopted FINANCIAL SUMMARY ANNUAL OPERATING PLAN ELEMENT 1996/97 97/98 Projected Base (% Change ") 0 (-100.0%) 425,097 (o.o%) 21,705 (2.9%) 446,802 (-62.2%) 229,852 (22.5%) 216,950 (-81.3%) 446,802 (-66.9%) 0 (-100.0%) 0 (-100.0%) 0 (N/A) 51 Interfund Transfers and Charges Interfund transfers between City funds are budgeted at the discretion of City Council, as allowed by State law and City charter. These transfers are not included in the division budgets to better present costs for each program. This year, as in the past, the General Fund continues to receive substantial support from other funds. The types of transfers found in the 1996/97 Operating plan include Dividend to General Fund: Utility operations have traditionally transferred to the General Fund six percent of its gross billings for utility services. This transfer has been viewed as a payment of the profits of the fund. Other/Capital: Transfers other than those above are budgeted to finance various funds for certain operating costs, infrastructure development and start-up costs. General Capital Projects GCP - 94 Anticipation Notes Type of 55,000 Parks SRF Fund Transfer Transfers In Transfers Out 25,000 Wastewater Fund Governmental Funds 130,000 Total GCP - Streets General Fund GCP - 94 Anticipation Notes Airport Fund Other 55,000 13,485 COPS Grant SRF Other 20,100 Electric Fund Dividend 918,485 Fleet Management Fund Other HOME Grant SRF Other 37,500 Joint Services Fund Other 129,132 Sanitation Fund Dividend 83,778 Sanitation Fund Other 24,515 Stormwater Fund Dividend 16,599 Streets SRF Other 168,534 Wastewater Fund Dividend 242,554 Wastewater Fund Other 484,568 Water Fund Dividend 425,491 Water Fund Other 1,124,641 Total General Fund 3,449,763 239,619 General Capital Projects GCP - 94 Anticipation Notes Capital 55,000 Parks SRF Capital 45,000 Recreation Programs SRF Capital 25,000 Wastewater Fund Capital 130,000 Total GCP - Streets 255,000 0 GCP - 94 Anticipation Notes General Capital Projects Fund Capital 55,000 Total GCP - 94 Anticipation Notes 0 55,000 GCP - Public Safety Construction Fund Fleet Fund Other Total GCP - Public Safety Construction Fund 52 250,000 0 250,000 FINANCIAL SUMMARY ANNUAL OPERATING PLAN ELEMENT 1996/97 Interfund Transfers and Charges (cont.) Type of Fund Transfer Transfers In Transfers Out GCP -Streets Streets SRF Capital 259,200 Total GCP - Streets General Debt Service Fund Airport Fund Total General Debt Service Fund C.O.P.S Grant SRF General Fund Total C.O.P.S. Grant SRF HOME Grant SRF General Fund Total HOME Grant SRF Parks SRF General Capital Projects Fund Total Parks SRF Recreation Programs SRF General Capital Projects Fund Information Services Fund Total Recreation Programs SRF Streets SRF General Fund GCP - Streets Total Parks SRF Enterprise Funds Airport Fund General Debt Service Fund General Fund Wastewater Fund Total Airport fund Electric Fund Fleet Management Fund General Fund Information Services Fund Total Electric Funds Sanitation Fund General Fund General Fund Total Sanitation Fund Other 168,534 Capital 259,200 168,534 259,200 Debt 259,200 0 Debt 45,245 Other 45,245 0 Other 20,100 45,245 Other 20,100 0 Other 37,500 918,485 Other 37,500 0 Capital 0 45,000 Dividend 0 45,000 Capital 25,000 Capital 0 40,000 Other 168,534 Capital 259,200 168,534 259,200 Debt 45,245 Other 13,485 Other 50,000 63,485 45,245 Other 268,734 Dividend 918,485 Other 697,375 0 1,884,594 Dividend 83,778 Other 24,515 0 108,293 FINANCIAL SUMMARY ANNUAL OPERATING PLAN ELEMENT 1996/97 53 Interfund Transfers and Charges (cont.) Stormwater Drainage Funds 16,599 General Fund Dividend Wastewater Fund Other Total Stormwater Drainage Fund Wastewater Fund 50,000 Airport Fund Other Facilities Maintenance ISF Other General Capital Projects Fund Capital General Fund Dividend General Fund Other Stormwater Fund Other Total Wastewater Funds Water Fund 5,000 Fleet Management ISF Other General Fund Dividend General Fund Other Total Water Funds Intemal Service Funds Facilities Maintenance Fund Wastewater Fund Other Total Facilities Maintenance Fund Fleet Management Fund Electric Fund Other GCP - Public Safety Construction Fund Other Water Fund Other Total Fleet Management ISF Joint Services Fund General Fund Other Total Joint Services Fund Information Services Fund Electric Fund Other Recreation Programs SRF Capital Total Information Services Fund Total Interfund Transfers 54 17,364 17,364 0 268,734 250,000 523,734 0 129,132 0 129,132 697,375 40,000 737,375 0 5,707,303 5,707,303 FINANCIAL SUMMARY ANNUAL OPERATING PLAN ELEMENT 1996/97 16,599 130,003 130,003 16,599 50,000 17,364 130,000 242,554 484,568 130,003 0 1,054,489 5,000 425,491 1,124,641 0 1,555,132 17,364 17,364 0 268,734 250,000 523,734 0 129,132 0 129,132 697,375 40,000 737,375 0 5,707,303 5,707,303 FINANCIAL SUMMARY ANNUAL OPERATING PLAN ELEMENT 1996/97 Interfund Transfers and Charges (cont.) Interfund charges are made to funds for providing services to that fund and include Internal Service Fund (ISF) charges and administrative allocations. These costs are included in the "Operations" budget line item in this document. The types of interfund charges found in the 1996/97 Operating Plan include Administrative Allocations: Fees are charged to funds receiving administrative services from another fund which are usually based on relative revenues, relative personnel, number of utility accounts, number of work orders, or number of requisitions. Facilities Maintenance ISF: Contracts and repairs for buildings and grounds are charged to departments based on actual usage and charges. Fleet ISF: Vehicle lease fees are charged to departments based on actual replacement costs. Vehicle maintenance fees are charged to departments based on the department's prior year actual usage. Information Services (IS) ISF: IS (computer equipment and software) lease fees are charged to 3,524 departments based on replacement costs. IS maintenance fees are 3,698 charged to departments based on estimated usage. 7,808 Type of Charged by Charged to Fund Charge the Fund the Fund Governmental Funds Joint Services Fund Admin. Alloc. General Fund Total Streets SRF Airport Admin. Alloc. 40,867 Electric Fund Admin. Alloc. 743,006 Facilities Maintenance Fund Fac. Maint. 294,576 Fleet Management Fund Fleet 682,472 Information Services Fund IS 331,175 Sanitation Fund Admin. Alloc. 54,938 13,258 Stormwater Fund Admin. Alloc. 33,142 0 56,595 Wastewater Fund Admin. Alloc. 404,639 Water Fund Admin. Alloc. 510,201 Total General Fund 1,786,793 1,308,223 Convention & Visitors Bureau Fund Facilities Maintenance Fund Fac. Maint. 3,524 Fleet Management Fund Fleet 3,698 Information Services Fund IS 7,808 Total CVB Fund 0 15,030 Streets SRF Joint Services Fund Admin. Alloc. 109,334 Total Streets SRF 0 109,334 Enterprise Funds Airport Fund General Fund Admin. Alloc. 40,867 Facilities Maintenance Fac. Maint. 2,470 Fleet Management Fleet 13,258 Total Airport Fund 0 56,595 FINANCIAL SUMMARY ANNUAL OPERATING PLAN ELEMENT 1996/97 55 Interfund Transfers and Charges (cont.) Sanitation Fund Fleet Management Fund Fleet 11,123 General Fund Admin. AI 54,938 Joint Services Fund Admin. Alloc. 68,315 Total Sanitation Fund 0 134,376 Stormwater Drainage Fund Fleet Management Fund Type of Charged by Charged to Fund Charge the Fund the Fund Electric Fund 33,142 Joint Services Fund Fleet Management Fund Fleet 110,189 General Fund Admin. Alloc. 743,006 Information Services Fund IS 4,138 Joint Services Fund Admin. Alloc. 322,183 Total Electric Fund 0 1,179,516 Sanitation Fund Fleet Management Fund Fleet 11,123 General Fund Admin. AI 54,938 Joint Services Fund Admin. Alloc. 68,315 Total Sanitation Fund 0 134,376 Stormwater Drainage Fund Fleet Management Fund Fleet 27,003 General Fund Admin. Alloc. 33,142 Joint Services Fund Admin. Alloc. 120,969 Total Stormwater Drainage Fund 0 181,114 Wastewater Fund Fleet Management Fund Fleet 62,487 General Fund Admin. Alloc. 404,639 Information Services Fund IS 4,380 Joint Services Fund Admin. Alloc. 406,040 Total Wastewater Fund 0 877,546 Water Fund Fleet Management Fund Fleet 89,254 General Fund Admin. Alloc. 510,201 Joint Services Fund Admin. Alloc. 334,282 Total Water Fund 0 933,737 Internal Service Funds Facilities Maintenance Fund Airport Fund Fac. Maint, 2,470 CVB Fund Fac. Maint. 3,524 Fleet Fund Fleet 3,566 General Fund Fac. Maint. 294,576 Joint Services Fund Fac. Maint. 28,810 Total Facilities Maintenance Fund 329,380 3,566 FINANCIAL SUMMARY 56 ANNUAL OPERATING PLAN ELEMENT 1996/97 Interfund Transfers and Charges (cont.) Type of Charged by Charged to Fund Charge the Fund the Fund Fleet Management Fund Airport Fund Fleet 13,258 CVB Fund Fleet 3,698 Electric Fund Fleet 110,189 Facilities Maintenance Fund Fleet 3,566 Fleet Management Fund Fleet 6,861 6,861 General Fund Fleet 682,472 Joint Services Fund Fleet 67,553 Information Services Fund IS 3,418 Sanitation Fund Fleet 11,123 Stormwater Drainage Fund Fleet 27,003 Wastewater Fund Fleet 62,487 Water Fund Fleet 89,254 Total Fleet Management Fund Admin. Alloc. 1,077,464 10,279 Joint Services Fund Airport Fund Admin. Alloc. Electric Fund Admin. Alloc. 322,183 General Fund Admin. Alloc. 109,334 Facilities Maintenance Fund Fac. Maint. 28,810 Fleet Management Fund Fleet 67,553 Information Services Fund IS 63,777 Sanitation Fund Admin. Alloc. 68,315 Stormwater Drainage Fund Admin. Alloc. 120,969 Wastewater Fund Admin. Alloc. 406,040 Water Fund Admin. Alloc. 334,282 Total Joint Services Fund 1,361,123 160,140 Information Services Fund CVB Fund IS 7,808 Electric Fund IS 4,138 General Fund IS 331,175 Fleet Management Fund IS 3,418 Joint Services Fund IS 63,777 Information Services Fund IS 10,401 10,401 Wastewater Fund IS 4,380 Total Information Services Fund 425,097 10,401 Total Interfund Charges 4,979,857 4,979,857 Total Interfund Transfers 5,707,303 5,707,303 Total Interfund Charges & Transfers 10.687.160 10.687.160 FINANCIAL SUMMARY ANNUAL OPERATING PLAN ELEMENT 1996/97 57 This page intentionally left blank. FINANCIAL SUMMARY 58 ANNUAL OPERATING PLAN ELEMENT 1996/97 CAPITAL IMPROVEMENTS CITY OF GEORGETOWN Founded in 1848 Capital Improvements Utility And Street Infrastructure Street and utility capital projects for 1996/97 include fiscal year 1995/96 projects in process and new projects. Each of these projects is part of the City's five year capital improvement program. The five year summaries are presented in the CIP section. General Capital Projects Improvements are not included here due to the nature of these projects. The cost of operating and maintaining completed improvements is included in the budget of the responsible department. ELECTRIC ELECTRIC CAPITAL PROJECTS 328,000 PROTECTIVE DEVICES 15,000 CAPACITOR ADDITIONS 14,000 SECTIONALIZING EQUIPMENT 16,300 GIS/DATABASE PROJECTS 30,000 REINSULATE GB20-1 FEEDER 24,000 TRANSFORMERS & CABLE: Replace GT30-1 Feeder 23,800 SYSTEM IMPROVEMENTS 400,290 CUSTOMER CHOICE & CONTROL 1,850,000 (1) PEAKING GENERATOR 365,000 SUN CITY UNDERGROUND CONSTRUCTION: Net 854,000 TOTAL ELECTRIC CAPITAL IMPROVEMENTS: 3,920,390 Part of LCRA Load Management System FINANCIAL SUMMARY 60 ANNUAL OPERATING PLAN ELEMENT 1996/97 J 1 ♦1 14ELEC 17ELEC 17ELEC -1P t 1 V-pP5 ELECTRIC C.I.P. 96/97 1 ELEC—LUTHER DR. AND ROCKMOOR DR. CAPACITOR BANK 2ELEC—GABRIEL SUBSTATION TO r LAKEWAY DR. AND LONESOME W. ¢ ' TRAIL (REINSULATE) �a y 3ELEC—COUNTY RD. 151 (CIRCUIT SWITCH CONNECTION) 4ELEC—LAKEWAY DR. AND LONESOME TRAIL TO END OF THREE—PHASE LINE (REINSULATE) 5ELEC—SINUSO DR. (REINSULATE) 6ELEC—NORTH OF LAKEWAY DR. (REINSULATE) 7ELEC—TRANSFORMER REPLACEMENT (COINCIDENT WITH 6ELEC ABOVE) 8ELEC—SERENADA DR. AND SEQUOIA TRAIL EAST (CAPACITOR BANK) 9ELEC—GRANADA DR. AND BELLO CIRCLE (CAPACITOR BANK) 10ELEC—SERENADA DR. AND SINUSO DR. (CAPACITOR BANK) 1 1 ELEC—HIGHWAY 81 AND F.M. 971 (CAPACITOR BANK) 12ELEC-7TH STREET (AIR SWITCH CONNECTION) 13ELEC—HART STREET TRANSFORMERS REPLACEMENT ,.._. Cl 0 14ELEC—SUN CITY LIFT STATION (DISTRIBUTION FEEDER) J 15ELEC—ANDICE ROAD (CAPACITOR BANK) 16ELEC—SUNCITY UNDERGROUND DISTRIBUTION LINES (DISTRIBUTION FACILITIES TO SERVE APPROX. 600 RESIDENCES) 17ELEC—SUNCITY MAIN UNDERGROUND FEEDER LINE (SERVING PHASE 1) 18ELEC—PEAKING GENERATOR Prepared by., Community Owned Utilities STREETS NORTHWEST BLVD TO SERENADA: NW Quadrant N 1,400,000 LAKEWAY DR. (2338 TO N.W. BLVD.): NW Quadrant R 358,800 AIRPORT RD (LAKEWAY TO VORTAC): NW Quadrant R 100,000 15TH STREET (HUTTO TO MAPLE): Rollforward from 95/96 R 263,000 15TH STREET (MAPLE TO CHURCH): Traffic Movement Impry R 500,000 . PARKING LOT - 6TH and MAIN: (Engineering & site work 96/97) N 30,000 COUNTRY CLUB TO THE RIVER: Rollforward from 95/96 R 325,000 PARKING LOT - 9TH and ROCK R 30,000 RAILROAD STREET: Rollforward form 95/96 N 475,000 RIGHT OF WAY AQUISTION: Leander Road (rollforward 95/96) N 700,000 ROCKMOOR TO IH35: Traffic Movement Improvement N 50,000 OVERLAY 125,000 SEAL COAT 50,000 SIDEWALKS 25,000 TOTAL STREETS CAPITAL IMPROVEMENTS 4,431,800 "N" - New street construction "R" - Reconstruct or rebuild existing street FINANCIAL SUMMARY 62 ANNUAL OPERATING PLAN ELEMENT 1996/97 10\ R I \X9 STREET C.I.P. 96/97 Atx -,"' \ 1r1 1STR-RAILROAD STREET 2STR-ROCKM00R TO IH35 3STR-NOR HWEST BLVD. TO SERENADA DR. \ / / ^ . \ y 4STR-LAKE AY DR. (ILLIAMS DR. TO \ $ \ 14 NORTHWEST BLVD.) 5STR-AIRPORT ROAD (LAKEWAY TO VRA ) Y "s,/ 6STR-15TH STREET (CHURCH TO HUTTO) , \NA 7 -COUNTRY CLUB TO RIVER STR 8STR-PARKING LOT 9TH & ROCK \ V, 9STR-PARKING LOT 6TH AND MAIN Y �, (ENGINEERING) 10TR R.O.W. AQUISITION- LEANDER ROAD Prepared by: Community Owned Utilities STORMWA TER DRAINAGE DUNMAN DRIVE: Contract services 52,500 COUNTRY CLUB ROAD: Contract services 15,000 CURB & GUTTER: Contract services 25,000 (Completion of QUAIL VALLEY begun in 1995/96) TOTAL DRAINAGE CAPITAL IMPROVEMENTS: 92,500 FINANCIAL SUMMARY 64 ANNUAL OPERATING PLAN ELEMENT 1996/97 51�,Et STORMWATER DRAINAGE C.I.P. 96/97 1STM—QUAIL VALLEY (BRIDGE) 2STM—DUNMAN DRIVE 3STM—COUNTRY CLUB LOOP I 0 Prepared by: Community Owned Utilities WASTEWATER EDWARDS AQUIFER I&I: TNRCC required SMITH BRANCH PHASE 1 HART STREET PHASE 1 OAKCREST REHABILITATION NORTH 81 WASTEWATER LINE: New Service WASTEWATER CAPITAL PROJECTS CUSTOMER CHOICE & CONTROL CUSTOMER CHOICE & CONTROL (SCADA) WILLIAMS DRIVE WASTEWATER LINE RIVER STUDY: TNRCC Required PECAN BRANCH TREATMENT PLANT: Permitting PECAN BRANCH PHASE 2: Planning and easements TOTAL WASTEWATER CAPITAL IMPROVEMENTS: 50,000 250,000 150,000 165,000 160,000 50,000 370,000 5,000 400,000 12,000 34,000 A GA AAA 1,796,000 FINANCIAL SUMMARY 66 ANNUAL OPERATING PLAN ELEMENT 1996/97 1 � f^ ^rr r 1 / . L:"�:S:fa 'iSrsn✓3 SSPE H� q9 WASTEWATER C.I.P. 96/97 1 WW—HART STREET PHASE I 2WW—OAKCREST REHABILITATION 3WW—WILLIAMS DRIVE SEWER 4WW—SMITH BRANCH PHASE I 5WW—NORTH 81 SEWER 6WW—PECAN BRANCH PHASE II Pop N. 0 Prepared by: Community Owned Utilities WATER AUSTIN AVENUE: 12th to 17th: Replace Ebsting Line WEST LOOP/OAKCREST CONNECT WATER CAPITAL PROJECTS: Meters, Pumps CUSTOMER CHOICE & CONTROL CUSTOMER CHOICE & CONTROL (SCADA) SOUTHSIDE TANK: Paint inside LAKE WATER PLANT IMPROVEMENTS: Re -rating 4TH PUMP - SUN CITY GEORGETOWN TOTAL WATER CAPITAL IMPROVEMENTS: 125,000 584,000 50,000 1,480,000 5,000 50,000 1,350,000 161,000 3,805,000 FINANCIAL SUMMARY 68 ANNUAL OPERATING PLAN ELEMENT 1996/97 k,r; 5W-�� 21N' 12 � 29 SjpSE � WATER C.I.P. 96/97 1W—AUSTIN AV LINE FROM 12TH TO 17TH ST 2W—WEST LOOP (OAKCREST CONNECT) 3W—LAKE WATER PLANT IMPROVEMENTS & UPGRADE 4W—FOURTH PUMP — SUN CITY 5W-SOUTHSIDE TANK PAINTING A LO0p 1 0 Prepared by: Community Owned Utilities This page intentionally left blank. FINANCIAL SUMMARY 70 ANNUAL OPERATING PLAN ELEMENT 1996/97