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HomeMy WebLinkAbout3rd Qtr Report Vision: A caring community, honoring our past, and innovating for the future. CITY OF GEORGETOWN FISCAL YEAR 2019 BUDGET THIRD QUARTER REPORT FINANCIAL REPORT AND INVESTMENT REPORT For the Quarter Ended June 30, 2019 Table of Contents Executive Summary .................................................................................................................................... 1-6 General Fund Schedule ................................................................................................................................. 7 Electric Fund Schedule .................................................................................................................................. 8 Preliminary Electric Fund Schedule ............................................................................................................... 9 Water Services Fund Schedule .................................................................................................................... 10 Joint Services Fund Schedule ....................................................................................................................... 11 Council Discretionary Fund Schedule .......................................................................................................... 12 Convention & Visitors Bureau Fund Schedule ............................................................................................. 13 Airport Fund Schedule ................................................................................................................................. 14 Georgetown Transportation Enhancement Corporation Fund Schedule .................................................... 15 Georgetown Economic Development Corporation Fund Schedule ............................................................. 16 Quarterly Investment Report - City ........................................................................................................ 17-42 Quarterly Investment Report - GTEC ...................................................................................................... 43-48 Quarterly Investment Report - GEDCO ................................................................................................... 49-54 Grant Applications ....................................................................................................................................... 55 Capital Improvement Projects ................................................................................................................ 56-58 Long-term Commitments and Other Unfunded Liabilities ..................................................................... 59-61 FINANCIAL REPORT AND INVESTMENT REPORT For the Quarter Ended June 30, 2019 Table of Contents Executive Summary .................................................................................................................................... 1-6 General Fund Schedule ................................................................................................................................. 7 Electric Fund Schedule .................................................................................................................................. 8 Water Services Fund Schedule ...................................................................................................................... 9 Joint Services Fund Schedule ....................................................................................................................... 10 Council Discretionary Fund Schedule .......................................................................................................... 11 Convention & Visitors Bureau Fund Schedule ............................................................................................. 12 Airport Fund Schedule ................................................................................................................................. 13 Georgetown Transportation Enhancement Corporation Fund Schedule .................................................... 14 Georgetown Economic Development Corporation Fund Schedule ............................................................. 15 Quarterly Investment Report - City ........................................................................................................ 16-39 Quarterly Investment Report - GTEC ...................................................................................................... 40-45 Quarterly Investment Report - GEDCO ................................................................................................... 46-51 Grant Applications ....................................................................................................................................... 52 Capital Improvement Projects ................................................................................................................ 53-55 Long-term Commitments and Other Unfunded Liabilities ..................................................................... 56-58 F FY2019 Quarterly Report EXECUTIVE SUMMARY FOR THE QUARTER ENDED JUNE 30, 2019 I. QUARTERLY FINANCIAL ANALYSIS Each year the City amends the budget for multi-year capital projects, as well as operational changes that were not known at the time the budget was adopted. This 3rd quarter report reflects the Mid-Year Amendment that was adopted in June. In the fall of 2018, the City implemented a new utility billing software. The new system has a different billing cycle for large consolidated account customers (hospitals, schools, and City facilities). The different billing schedule skews the comparisons for the third quarter of FY2018 to FY2019 in ROI and Franchise Fees in the General Fund. GENERAL FUND REVENUES: General Fund revenues total $53.3 million, or 75% of budget. Year to date, revenues exceed last year’s third quarter revenues by 9.3%. The sales tax revenue through June totals $9.6 million, or 60.2% of budget. At this stage of the fiscal year, all four year-end regression models have the City finishing the year around 5% higher than budget. The City continues to see growth in our core sectors of retail, food, and information. Sales tax revenue has been bolstered by one-time-in-nature collections in the first quarter. Additionally in previous fiscal years, the general fund transferred sales tax dollars to the Wolf Ranch PID. This transfer is no longer occurring and thus those dollars are staying in the fund. Property tax revenues are typically received during the first two quarters of the fiscal year, with the majority of the taxes being received in December and January. Property tax revenue for the third quarter of FY2019 is up 11.5%, or $1.4 million from the third quarter of FY2018. Through the third quarter of FY2019, collections total 98.4% of budget. After the third quarter in FY2018, property tax collections totaled 91.2% of budget. The City collects franchise fees for electric, natural gas, cable, and non-cellular telephone services. Through the third quarter, franchise fee revenues total $3.5 million in FY2019, a decrease of 6.5% from the third quarter of FY2018. The decrease is due to the protracted billing cycle of the electric, water, and wastewater franchise fees. Return on Investment revenue represents 11% of total general fund revenues. Year to date ROI revenue totals $5.3 million. This revenue stream includes an ROI for the Electric, Water, and Stormwater funds. ROI is projected to end FY2019 at $7.27 million, or 6.4% less than budget. Staff is proposing transferring only $3.825 million from the Electric Fund instead of the full budgeted amount of $4.325 million. Sanitation revenue through the third quarter totals $7.1 million or 75% of budget. It is projected this revenue stream will finish at budget. $600,000 $700,000 $800,000 $900,000 $1,000,000 $1,100,000 $1,200,000 $1,300,000 $1,400,000 $1,500,000 OctNovDecJanFebMarAprMayJunJulAugSepSales Tax 2015 2016 2017 2018 2019 F FY2019 Quarterly Report Development related revenue continues to be strong. Through the third quarter, development related revenue totals $2.35 million or 71.2% of budget. As shown in the graph to the right, permits tend to increase in the spring and summer months. The number of building permits is slightly down 1.4% when compared to the third quarter of FY2018, however, development related revenue is up 19.6%. This is due to a one-time payment of Master Development fees from MUDs in FY2019 of about $400,000 received in June. Fire and EMS revenue through the third quarter totals $5.7 million, or 82.6% of budget. Previously, EMS was budgeted in a separate fund. As part of the FY2019 Budget, the department moved into the General Fund. Parks and Recreation revenue totals $1.9 million through the third quarter. This represents an increase of 11.7% from the third quarter of FY2018. Year to date, Parks and Rec revenues are at 65.2% of budget. It is anticipated that Parks and Recreation revenue will end at $2.7 million. This is a variance of $251,000 from budget. This is primarily due to Garey Park revenue which is projected to come in $175,000 less than budget. FY2019 is the first year of operations. Staff has decreased the revenue budget in FY2020. Overall, the City’s two largest revenue streams, property tax and sales tax, are projecting at or above budget. Other revenue streams like EMS and development related revenues continue to grow with population and new development. The utility related fees and revenues through the third quarter are down due to the longer billing cycles. However, staff is working to shorten the billing cycle for future periods. GENERAL FUND EXPENDITURES: Overall expenditures through the third quarter total $50.97 million, or 71.8% of budget (includes personnel, operations, and capital costs). Total salaries and benefit expenditures through the third quarter total $30.1 million. Operational costs total $20.2 million. The table below excludes capital accounts (like street repair or transfers out for fleet purchases) and is used to compare the personnel and operations costs year to year. Generally, year over year increases are reflective of growth in new programs, and personnel costs for new salaries and benefits as well as merit and market adjustments. Personnel and Operations Summary (excludes capital accounts) Administration Services Division (Administrative Services, City Council, City Secretary, and General Government Contracts) expenditures for the third quarter total $1.9 million, which represents 73.6% of budget. Year-to-date expenditures for the Community Services (Parks and Rec., Library, and Communications) and Finance Division (Municipal Court) total $8.7 million or 70.1% of budget. - 20 40 60 80 100 120 140 160 Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Building Permits 2015 2016 2017 2018 2019 F FY2019 Quarterly Report Year-to-date expenditures for the Development & Planning Division totals $1.9 million through the third quarter or 63.5% of budget. Operational expenses total only 41.4% year-to-date. The savings is due to TIA reimbursements and Annexation planning. These two savings total $170,000 and was incorporated in the FY2020 Budget development. The Georgetown Utility System Division (Environmental Services, Inspections, Public Works, and Streets) expenditures through the third quarter total $8.3 million or 68.5% of budget. Year-to-date expenditures for Police through the third quarter total $12.2 million or 75.6% of budget. Year-to-date expenditures for Fire through the third quarter total $13.7 million or 72.8% of budget. The City has experienced 20 of 26 pay periods through the third quarter, or 76.9% of total cycles. Personnel and Operations Summary (excludes capital accounts) F FY2019 Quarterly Report Overall, General Fund expenditures are within budget and the fund can cover the 90-day Contingency Reserve and the Benefit Payout Reserve. Every division is anticipated to finish FY2019 at or below budget with the possible exception of Police. The Police Department is experiencing an increase in overtime due to special events and summer patrol of Blue Hole. The FY2020 budget proposes increased overtime in Police to address these issues. UTILITY FUNDS: Electric Fund: Electric sales revenue through the third quarter of FY2019 totals $52.4 million, or 66.3% of budget. Electric revenue sales are typically higher in the summer months when consumption increases. Purchased Power expenses total $35.4 million, or 66.7% of budget. This report includes the regular June (3rd Quarter) Electric Fund Schedule, as well as a preliminary July schedule. A team of staff from City Manager’s Office, Finance, and the Utility continue to monitor Purchased Power costs every two weeks and provide regular updates to Council and the public. The preliminary July fund schedule has the most current year-end projections for revenues and expenses. These updates include the following: • The revenue impact of the Purchase Cost Adjustment (PCA) from June through September. • Recognize updated projections for purchased power and congestion revenue rights. • Recognize savings in operational expenses and vacant positions. • Recognize capital reimbursement revenue from the South Georgetown TIRZ. Water Fund: Overall water operating revenue totals $45.6 million, or 73.5% of budget. Water, wastewater, and irrigation sales revenue through the third quarter totals $26.6 million, or 62.8% of budget. Capital Recovery Fees total $11.7 million. Water operating expenses total $26.8 million, which represents 72% of budget. Non-operational expenses total $29.2 million. The total budget for non-operating expenses in the Water fund following the CIP rollforward is $91.9 million. These non-operational expenses are capital improvement projects that normally span multiple years. A summary report of all CIP projects is included in this report. OTHER MAJOR FUNDS: Convention & Visitors Bureau Fund: Overall revenue in the fund totals 1.1 million, or 73.9% of budget. Hotel Occupancy Tax revenue totals $951,794 for the third quarter of FY2019, or 70.5% of budget. HOT revenue is typically higher in the spring and summer months. Year to date expenses in the Convention & Visitors Bureau Fund total $1.07 million, or 79.0% of budget. The fund is budgeted to finish FY2019 with a fund balance of $1.4 million and meet the 90-day operational reserve. Airport Fund: Airport operating revenue totals $2.4 million, which represents 61.7% of budget. Operation expenses in the Airport fund total $3.0 million, or 85.0% of budget. Approximately $624,000 of the year to date expenses is fuel related encumbrances. Overall, both revenues and expenses are tracking well relative to budget and the fund is budgeted to end FY2019 with $1.26 million in fund balance and meet all its debt service and contingency requirements. II. INVESTMENTS The investment activity and strategies described in this report comply with the Public Funds Investment Act (PFIA), the City’s investment policy, and generally accepted accounting principles. Activity for the third quarter of fiscal year 2019 includes the maturing of financial institution deposits (CDs), reinvestment of CD’s, & investing of new bond proceeds in CD’s and Treasury Bills. Interest rates for money market accounts, Treasury bills, and CD’s decreased during this quarter. We have begun to see a decline in rates being submitted, due to changes in the market. The F FY2019 Quarterly Report City will continue soliciting for the best rates to improve both diversity and yield, while keeping in mind safety and liquidity. The Investment Reports for the quarter ending June 30, 2019, and the supporting schedules are attached. Valley View Consulting, L.L.C., has prepared the attached investment reports. A component of our investment advisory services contract includes Valley View preparing the quarterly investment reports on behalf of the City. A summary of the investment balances at June 30, 2019, compared to the prior quarter, is shown below for the City, as well as Georgetown Transportation Enhancement Corporation (GTEC) and Georgetown Economic Development Corporation (GEDCO). CITY Book Value GTEC GEDCO 3/31/19 6/30/19 3/31/19 6/30/19 3/31/19 6/30/19 Total cash and investments $188,114,708 $204,976,917 $19,423,174 $21,345,649 $7,551,001 $7,950,908 Average Yield 2.41% 2.50% 2.53% 2.50% 2.45% 2.43% The City’s strategy continues to be matching maturities with cash flow needs, while focusing on the investment policy’s long-range goals. The City’s investment strategy is to “ladder” or stagger maturities, thus minimizing erratic interest rate fluctuations. The City is continuing to manage the yield on bond proceeds for arbitrage purposes. City portfolio balances have increased in the last few years due to the increase in contingency reserves, interest rate increases, and debt proceeds issued for future capital improvement projects. The City’s investment portfolio includes bank deposits, local government investment pool balances, money market accounts, financial institution deposits (CD’s), and Treasury Bills. All of these investments carry insurance or an implied backing from the Federal Government. The collateral on all City investments are monitored monthly to ensure the financial institutions carry minimum collateral of 100% with a letter of credit or 102% with pledged securities for all of the City’s investments. All securities held by financial institutions as collateral on behalf of the City have been reviewed and met PFIA- minimum rating criteria. The City has worked closely with the City’s depository bank (JPMorgan Chase) to find an average daily balance that is best to receive the highest yield on the account. These balances earn credit against the fees charged by the bank. As of this quarter, the City is receiving the alternative premium rate of 1.25% for our Earnings Credit Rate (ECR). The City will continue to verify depository yield versus investment yield to achieve the best outcome. The City's investment program is conducted to accomplish the objectives of safety, liquidity, public trust, and yield. Each aspect is considered when making decisions regarding investments. III. CAPITAL PROJECTS The projects in the Capital Improvement Program (CIP) consist of infrastructure and related construction and do not include small capital items such as furniture, equipment, and vehicle maintenance. Maintenance-type projects are not capitalized as a fixed asset and are usually cash funded. Therefore, these projects are operational in nature and are in the departmental operating budget. A year-to-date budget status for each of the approved projects is included in the quarterly report. F FY2019 Quarterly Report FIRE STATIONS 6 & 7 Fire Station No. 6: Both CMU blocks and wood framing are underway. The wood framing began this month and its anticipated to be complete within a couple of weeks. Site utilities are almost complete, and concrete is scheduled to begin in the next few weeks. Fire Station No. 7: CMU construction is near completion. The bay walls are full height and wood framing is near completion. Truss delivery is to begin soon so roofing can be put in place. Site utilities are almost complete, and the contractor has bored under University Ave, bringing COG water and wastewater to the site. Site concrete is scheduled to begin in the next few weeks. COMMUNITY SERVICES Construction on several sidewalk improvement projects throughout the city began in May 2017. This was the first round of sidewalk improvement projects identified in the adopted Sidewalk Master Plan and was funded in part by a road bond approved by voters in May 2015. Work on the initial designed portion is complete and the next downtown sidewalk project is currently being designed. Old Town North East Sidewalks: The Water Pollution Abatement Plan (WPAP) approval has been received from TCEQ. Design is completed. All easements have been secured. Advertising is complete and bids were opened on July 16th. Georgetown Transportation Advisory Board (GTAB) will consider awarding the project on August 9, 2019 followed by Council. Austin Ave. Sidewalks (Hwy. 29 to Leander Rd): Approximately 95% of the sidewalk is installed. The contractor plans to have all concrete work completed by the end of the summer. Pedestrian activated lights will also be installed along with crosswalk striping. TRANSPORTATION 10th & 11th @ Austin Ave Improvements: This project is substantially complete. The contractor is working on a few remaining punch list items. ELECTRIC New development projects continue through the third quarter and include residential, multifamily, and business projects. Projects under construction include: Sun City neighborhood 71, Small Cell installation, Vista Point Cottages, Palace Education Center, Vanguard Trucking Center, Heritage Court, and University widening project. WATER The Berry Creek Interceptor phase 4, 5, and 6 will be approximately 15,000 linear feet of 36-inch wastewater from the existing lift station at Sun City to the Berry Creek lift station. Construction started January 28, 2019 and is scheduled for completion in January 2020. The Pecan Branch Wastewater Treatment Plant expansion will take the existing plant from 1.5 million gallons to 3 million gallons of treatment capacity. The Pecan Branch wastewater treatment plant construction started in July 2017 and is scheduled for completion in August 2019. The Shell Road and CR 255 water main designs are complete and easement acquisitions are in progress. This project will be approximately 44,500 linear foot of 30-inch waterline from Daniels Mountain Water storage tank to Braun Water storage tank. Construction of Shell Road Waterline Improvements is estimated to start in February 2021. CR 255 has been on hold and moved to Reagan 30-inch waterline and is scheduled for completion in June 2019.  APRROVED BUDGET   CURRENT PERIOD   YEAR TO DATE  (W/ENCUMB)   YEAR‐END  PROJECTION  BEGINNING FUND BALANCE 10,917,971                    10,946,800                    Revenue Administrative Charges 2,428,000                      202,333                          1,821,000                      2,428,000                      All Other Revenue 2,430,500                      112,328                          1,855,205                      2,183,832                      Development and Permit Fees 3,307,000                      422,264                          2,353,149                      3,726,935                      Franchise Fees 5,434,000                      487,380                          3,798,860                      5,589,123                      Parks and Rec Fees 2,960,100                      338,570                          1,929,387                      2,708,167                      Property Tax 13,850,000                    (487,522)                        13,628,002                    13,880,000                    ROI 7,777,490                      1,295,917                      5,249,806                      7,277,490                      Sales Tax 15,924,475                    1,444,210                      9,584,753                      16,734,375                    Sanitation Revenue 9,448,500                      1,066,104                      7,090,422                      9,452,750                      Fire/EMS Revenue 6,926,266                      2,025,388                      5,723,577                      6,885,370                      Transfer In 321,782                          68,750                            233,033                          321,782                          Revenue Total 70,808,113                    6,975,722                      53,267,193 71,187,824                    Expense Administrative Services 1,571,103                      129,723                          1,222,474                      1,571,084                      Animal Services 926,122                          91,624                            660,959                          888,693                          Arts & Culture 37,545                            2,250                              21,788                            37,545                            City Council 171,395                          19,842                            131,065                          169,595                          City Secretary 897,280                          58,724                            590,067                          844,379                          Code Enforcement 432,800                          28,027                            288,283                          419,061                          Communications 425,160                          31,463                            318,692                          409,718                          Environmental Services 7,902,414                      651,053                          4,982,662                      7,901,514                      Fire Emergency Services 13,181,569                    1,042,842                      9,681,306                      13,177,738                    Fire Support Services 3,000,589                      244,523                          2,128,285                      2,973,649                      Fire EMS 2,593,697                      146,987                          1,868,800                      2,584,430                      Garey Park 948,290                          57,460                            590,482                          842,399                          General Gov't Contracts 3,430,401                      306,359                          3,460,096                      3,964,796                      Inspections 1,277,145                      95,303                            926,392                          1,249,703                      Municipal Court 635,935                          49,294                            488,408                          634,168                          Library 2,696,579                      213,555                          2,040,855                      2,683,051                      Parks 2,799,674                      219,794                          1,951,226                      2,691,034                      Parks Admin 615,051                          49,966                            454,023                          613,715                          Planning 1,746,148                      118,227                          992,825                          1,507,294                      Police Admin 2,355,161                      194,829                          1,793,226                      2,387,527                      Police Operations 12,450,598                    978,489                          9,474,909                      12,575,343                    Public Works 1,296,263                      142,685                          1,046,755                      1,196,755                      Rec Programs 1,358,009                      161,137                          723,210                          1,310,665                      Recreation 2,650,888                      268,575                          1,984,120                      2,650,686                      Streets 4,688,211                      218,226                          2,503,980                      4,463,819                      Tennis Center 463,162                          37,627                            291,429                          449,365                          Transfer Out 361,000                          ‐                                  361,000                          446,000                          Expense Total 70,912,190                    5,558,582                      50,977,316                    70,643,724                    EXCESS (DEFICIENCY) OF TOTAL REVENUE OVER TOTAL REQUIREMENTS                         (104,076)                       1,417,140                        2,289,877                           544,100  AVAILABLE FUND BALANCE 10,813,895                    11,490,900                    Year‐End Projection to Approved: Jun FY2019 General Fund FY2019 Budget CURRENT PERIOD YEAR TO DATE (W/ENCUMB) YEAR-END PROJECTION BEGINNING FUND BALANCE 2,103,922 2,103,922 Operating Revenue Electric Revenue 79,100,000 8,636,461 52,408,141 80,681,744 Interest 38,000 5,607 67,297 107,819 Other Revenue 5,243,546 628,392 3,045,752 5,306,828 Transfer In 95,787 (95,787) - - Operating Revenue Total 84,477,333 9,174,674 55,521,190 86,096,391 Operating Expenditures CRR Credits (3,000,000) (24,986) (1,908,387) (3,000,000) Georgetown Utility Systems 19,337,779 1,534,391 14,419,820 19,159,987 Purchased Power 53,185,477 4,310,990 35,476,493 55,236,511 Transfer Out-ROI 4,325,000 921,145 3,671,503 3,825,000 Operating Expenditures Total 73,848,256 6,741,541 51,659,429 75,221,498 Total Net Operations 10,629,077 2,433,133 3,861,761 10,874,893 Non-Operating Revenue Grant Revenue 100,000 - - 100,000 Transfer In-Other 548,104 - - 548,104 Non-Operating Revenue Total 648,104 - - 648,104 Non-Operating Expenditures CIP 4,017,007 647,701 2,993,836 3,858,007 Interest Expense 1,386,781 - 721,821 1,386,781 Debt Service 3,035,374 - 1,725 3,035,374 Non-Operating Expenditures Total 8,439,162 647,701 3,717,382 8,280,162 Total Net Non-Operations (7,791,058) (647,701) (3,717,382) (7,632,058) EXCESS (DEFICIENCY) OF TOTAL REVENUE OVER TOTAL REQUIREMENTS 2,838,019 1,785,432 144,380 3,242,835 ENDING FUND BALANCE 4,941,941 5,346,757 Contingency 4,082,999 4,082,999 Rate Stabilization Reserve 147,079 1,263,757 AVAILABLE FUND BALANCE 711,862 - Year-End Projection to Approved: Jun FY2019 Electric Fund FY2019 Budget CURRENT PERIOD YEAR TO DATE (W/ENCUMB) YEAR-END PROJECTION BEGINNING FUND BALANCE 2,103,922 2,103,922 Operating Revenue Electric Revenue (SEE NOTE A)79,100,000 3,138,709 55,546,849 80,681,744 Interest 38,000 4,820 72,117 107,819 Other Revenue 5,243,546 404,567 3,450,319 5,306,828 Transfer In 95,787 - - - Operating Revenue Total 84,477,333 3,548,096 59,069,286 86,096,391 Operating Expenditures CRR Credits (3,000,000) (490,614) (2,399,001) (3,000,000) Georgetown Utility Systems 19,337,779 707,031 15,057,292 19,159,987 Purchased Power 53,185,477 5,870,221 41,353,886 55,236,511 Transfer Out-ROI (SEE NOTE B)4,325,000 153,497 3,825,000 3,825,000 Operating Expenditures Total 73,848,256 6,240,135 57,837,178 75,221,498 Total Net Operations 10,629,077 (2,692,039) 1,232,108 10,874,893 Non-Operating Revenue Grant Revenue 100,000 - - 100,000 Transfer In-Other 548,104 - - 548,104 Non-Operating Revenue Total 648,104 - - 648,104 Non-Operating Expenditures CIP 4,017,007 144,846 3,058,465 3,858,007 Interest Expense 1,386,781 - 721,821 1,386,781 Debt Service 3,035,374 - 1,725 3,035,374 Non-Operating Expenditures Total 8,439,162 144,846 3,782,011 8,280,162 Total Net Non-Operations (7,791,058) (144,846) (3,782,011) (7,632,058) EXCESS (DEFICIENCY) OF TOTAL REVENUE OVER TOTAL REQUIREMENTS 2,838,019 (2,836,885) (2,549,902) 3,242,835 ENDING FUND BALANCE 4,941,941 5,346,757 Contingency 4,082,999 4,082,999 Rate Stabilization Reserve 147,079 1,263,757 AVAILABLE FUND BALANCE 711,862 - NOTES: A.INCLUDES ACCRUAL FOR JUNE REVENUE BILLED THROUGH AUG 10 B.JULY PROJECTION ADJUSTED DOWN TO $153,497.27 IN ORDER TO CAP ANNUAL ROI EXPENSE AT $3,825,00. Year-End Projection to Approved: Jul FY2019 Electric Fund PRELIMINARY  APRROVED BUDGET   CURRENT PERIOD   YEAR TO DATE  (W/ENCUMB)   YEAR‐END PROJECTION  BEGINNING FUND BALANCE 89,159,703                       89,128,534                        Operating Revenue Capital Recovery Fee 14,250,000                        1,779,823                          11,799,336                        15,139,255                        Interest 569,400                               230,030                               1,521,802                          1,482,998                          Irrigation Utility Revenue 301,557                               18,968                                 110,157                               301,578                               Other Revenue 2,262,146                          451,563                               3,833,155                          3,546,274                          Raw Water Revenue 140,000                               37,782                                 143,173                               140,000                               Transfer In, Debt 103,725                               ‐                                           ‐                                           103,725                               Wastewater Utility Revenue 12,975,345                        1,117,493                          9,956,510                          13,015,186                        Water Utility Revenue 29,116,931                        2,896,307                          18,197,150                        29,350,000                        Operating Revenue Total 59,719,104                        6,531,965                          45,561,283                        63,079,016                        Operating Expenditures Irrigation 270,324                               13,816                                 116,088                               270,000                               Transfer Out, Fleet/Joint Service/IT 245,000                               ‐                                           245,000                               245,000                               Transfer Out, General 275,000                               68,750                                 206,250                               275,000                               Transfer Out, ROI 3,200,000                          345,963                               1,444,248                          3,200,000                          Transfer Out, Utilities 95,787                                 (95,787)                               ‐                                           ‐                                           Wastewater Distribution 904,415                               47,512                                 506,719                               795,050                               Wastewater Plant Management 2,705,069                          284,887                               2,321,289                          2,687,676                          Water Administration 19,923,733                        1,787,061                          15,259,460                        20,981,179                        Water Distribution 2,707,265                          224,114                               1,646,713                          2,598,600                          Water Operations 4,157,528                          450,353                               3,196,912                          4,252,288                          Water Plant Management 2,948,733                          183,197                               1,839,702                          2,909,309                          Operating Expenditures Total 37,432,854                        3,309,865                          26,782,382                        38,214,102                        Total Net Operations 22,286,250                        3,222,100                          18,778,901                        24,864,914                        Non‐Operating Revenue Bond Proceeds ‐                                           ‐                                           ‐                                           ‐                                           Non‐Operating Revenue Total ‐                                           ‐                                           ‐                                           ‐                                           Non‐Operating Expenditures CIP 85,667,940                        2,829,182                          28,013,387                        40,226,858                        Debt Service 6,250,111                          ‐                                           1,149,964                          6,250,111                          Non‐Operating Expenditures Total 91,918,051                        2,829,182                          29,163,351                        46,476,969                        Total Net Non‐Operations (91,918,051)                       (2,829,182)                         (29,163,351)                       (46,476,969)                       EXCESS (DEFICIENCY) OF TOTAL REVENUE OVER TOTAL  REQUIREMENTS (69,631,801)                       392,918                             (10,384,450)                       (21,612,055)                       ENDING FUND BALANCE 19,527,902                       67,516,479                        Reserved Bond Proceeds ‐                                          18,000,000                        Contingency 7,498,183                         7,498,183                          Non‐Operating Contingency 9,500,000                         9,500,000                          AVAILABLE FUND BALANCE 2,529,719                          32,518,296                        Year‐End Projection to Approved: Jun FY2019 Water Fund APRROVED BUDGET CURRENT PERIOD YEAR TO DATE (W/ENCUMB) YEAR-END PROJECTION BEGINNING FUND BALANCE 1,469,434 1,469,434 Revenue Gedco Admin/Contract Fee 238,622 19,885 178,967 238,622 Gtec Admin/Contract Fee 172,318 14,360 129,239 172,318 Interest 17,503 4,130 17,905 25,000 Other 136,153 39,953 128,526 213,412 Service Fees - Airport 128,966 10,747 96,724 128,966 Service Fees - Electric 4,615,524 384,627 3,461,643 4,313,880 Service Fees - General 3,573,156 297,763 2,679,867 3,384,629 Service Fees - Stormwater 1,020,427 85,036 765,320 982,721 Service Fees - Water 7,966,284 663,857 5,974,713 8,494,162 VPID Admin/Contract Fee 15,924 1,327 11,943 15,924 Revenue Total 17,884,877 1,521,685 13,444,846 17,969,634 Expense Accounting 1,067,433 65,954 776,360 1,044,212 BIP 150,085 13,165 96,758 127,117 City Wide Hr 415,500 22,338 256,788 382,500 Conservation 766,699 96,156 482,389 704,374 Customer Care 4,701,266 340,663 3,689,022 4,696,447 Economic Development 635,768 43,121 430,455 609,899 Engineering 2,430,052 169,960 1,699,568 2,258,637 Engineering Support 1,147,160 106,783 856,327 1,131,488 Finance Administration 975,583 51,215 782,585 960,951 Gus Administration 1,476,541 119,405 1,046,463 1,490,841 Human Resources 1,003,190 71,332 732,619 991,779 In-House Legal 1,038,782 118,646 733,995 1,031,103 Insurance & Legal 752,000 6,360 646,481 727,249 Joint Svcs Con 598,775 110,232 633,485 960,000 Purchasing 811,459 52,983 474,208 770,628 Transfer Out 157,000 - 57,000 157,000 Expense Total 18,127,294 1,388,314 13,394,504 18,044,225 EXCESS (DEFICIENCY) OF TOTAL REVENUE OVER TOTAL REQUIREMENTS (242,416) 133,371 50,343 (74,591) AVAILABLE FUND BALANCE 1,227,018 1,394,843 Joint Services Fund Year-End Projection to Approved: Jun FY2019 APRROVED BUDGET CURRENT PERIOD YEAR TO DATE (W/ENCUMB) YEAR-END PROJECTION BEGINNING FUND BALANCE 131,914 131,914 Revenue Interest 10,000 338 1,795 2,500 Transfer In, General Fund - - - - Revenue Total 10,000 338 1,795 2,500 Expense Transfer Out, GCP - - - - Transfer Out, General Fund 25,000 - 5,000 25,000 Transfer Out, Joint Services - - - - Expense Total 25,000 - 5,000 25,000 EXCESS (DEFICIENCY) OF TOTAL REVENUE OVER TOTAL REQUIREMENTS (15,000) 338 (3,205) (22,500) ENDING FUND BALANCE 116,914 109,414 Year-End Projection to Approved: Jun FY2019 Council Discretionary Fund APRROVED BUDGET CURRENT PERIOD YEAR TO DATE (W/ENCUMB) YEAR-END PROJECTION BEGINNING FUND BALANCE 1,170,801 1,301,054 Revenue Hotel/Motel Occupancy Tax Revenues 1,350,000 245,134 951,794 1,300,000 Interest 5,000 3,178 16,130 18,000 Other 23,500 2,706 17,286 18,500 Poppy Festival 136,150 41 135,153 144,283 Revenue Total 1,514,650 251,059 1,120,363 1,480,783 Expense Operations 713,831 23,284 552,199 703,729 Personnel 369,492 28,524 285,312 371,704 Poppy Festival 165,200 87 147,523 165,200 Transfer to Facilities 49,507 4,126 37,130 49,507 Transfer to Fleet 5,048 421 3,786 5,048 Transfer to General Fund 21,783 - 21,783 21,783 Transfer to Information Technology 27,722 2,310 20,792 27,722 Expense Total 1,352,583 58,750 1,068,526 1,344,693 EXCESS (DEFICIENCY) OF TOTAL REVENUE OVER TOTAL REQUIREMENTS 162,067 192,309 51,837 136,090 ENDING FUND BALANCE 1,332,868 1,437,144 Contingency 271,189 271,189 Reserved for Capital 1,061,680 1,061,680 AVAILABLE FUND BALANCE (2) 104,274 Year-End Projection to Approved: Jun FY2019 Convention & Visitors Bureau Fund    APPROVED  BUDGET   CURRENT PERIOD   YEAR TO DATE  (W/ENCUMB)   YEAR‐END  PROJECTION  BEGINNING FUND BALANCE 1,298,256                  1,298,256                  ‐                              Operating Revenue Fuel and Terminal Sales 2,907,450                  190,497                     1,695,685                  2,751,500                  Interest and Other 80,260                        2,683                          34,666                        86,000                        Leases and Rentals 863,952                     72,552                        647,311                     859,940                     Operating Revenue Total 3,851,662                  265,732                     2,377,662                  3,697,440                  Operating Expenditures Operations‐Fuel 2,400,000                  104,970                     2,236,458                  2,200,000                  Operations‐Non Fuel 732,721                     69,520                        524,911                     726,748                     Personnel 417,348                     36,056                        256,681                     371,525                     Operating Expenditures Total 3,550,069                  210,546                     3,018,051                  3,298,273                  TOTAL NET OPERATIONS 301,593                     55,186                        (640,389)                    399,167                     Non‐Operating Revenue Bond Proceeds 465,000                     ‐                              472,813                     465,000                     Grants 40,000                        ‐                              ‐                              40,000                        Non‐Operating Revenue Total 505,000                     ‐                              472,813                     505,000                     Non‐Operating Expenditures Hangar Upgrades 75,000                        26,914                        75,000                        75,000                        Pavement Upgrades 15,000                        ‐                              (10,744)                      15,000                        Runway Rehab 516,500                     ‐                              ‐                              516,500                     Taxiway Edge Lighting 150,000                     ‐                              ‐                              150,000                     Wildlife Management 35,000                        ‐                              24,351                        35,000                        Debt Service 147,975                     ‐                              29,809                        147,975                     Non‐Operating Expenditure Total 939,475                     26,914                        118,417                     939,475                     TOTAL NET NON‐OPERATIONS (434,475)                    (26,914)                      354,397                     (434,475)                    EXCESS (DEFICIENCY) OF TOTAL REVENUE OVER TOTAL  REQUIREMENTS (132,882)                    28,272                        (285,992)                    (35,308)                      ENDING FUND BALANCE 1,165,374                  (285,992)                    1,262,948                  RESERVES Contingency 264,442                     264,442                     Reserves Total 264,442                     264,442                     AVAILABLE FUND BALANCE 900,932                     998,506                     Airport Operations Fund Preliminary For the Month Ended: Jun FY2019 APPROVED BUDGET CURRENT PERIOD YEAR TO DATE (W/ENCUMB) YEAR-END PROJECTION BEGINNING FUND BALANCE 18,539,789 18,539,789 Operating Revenue Sales Tax 7,073,100 641,871 4,259,888 7,437,500 Interest 190,000 21,815 333,486 308,317 Operating Revenue Total 7,263,100 663,686 4,593,373 7,745,817 Operating Expenditure - Administrative Support 391,697 32,575 293,294 391,197 Operating Expenditure Total 391,697 32,575 293,294 391,197 TOTAL NET OPERATIONS 6,871,403 631,112 4,300,079 7,354,620 Non-Operating Revenue Debt Proceeds - - - - Non-Operating Revenue Total - - - - Non-Operating Expenditure Pecan Center Dr to Airport Rd (FY15)2,445,036 - (334) 386,000 Arterial SE1:Inner Loop/SH130 - - - - Rivery TIA Improvements 359,496 75,298 281,090 359,496 FM 971 / Fontana 63,102 15,206 14,767 63,102 Rivery-Extension Williams Dr to NW Blvd (FY16)730,635 16,502 475,086 730,635 IH 35 / HWY29 Intersection 606,653 3,216 160,684 606,648 NB Frontage 2338 to Lakeway 51,631 - 17,114 51,631 SW Bypass 2243 to IH35 128,144 - - 13,071 FM1460 Widening 500,783 60 500,783 Wolf Ranch Pkwy Extension 283,350 - - 11,000 Mays St 4,500,000 236 38,550 1,000,000 Available for Projects TBD 1,716,644 - - 1,716,644 SE Inner Loop Widening (Rock Ride ROW)900,000 - 948,251 - Debt Service 3,324,747 - 522,432 3,324,747 Non-Operating Expenditure Total 15,610,221 110,459 2,457,701 8,763,757 TOTAL NET NON-OPERATIONS (15,610,221) (110,459) (2,457,701) (8,763,757) EXCESS (DEFICIENCY) OF TOTAL REVENUE OVER TOTAL REQUIREMENTS (8,738,818) 520,653 1,842,378 (1,409,137) ENDING FUND BALANCE 9,800,971 17,130,652 RESERVES Contingency 1,768,275 1,768,275 Reserved Bond Proceeds - 2,500,000 Reserves Total 1,768,275 4,268,275 AVAILABLE FUND BALANCE 8,032,696 12,862,377 Georgetown Transportation Enhancement Corporation Fund Year-End Projection to Approved: Jun FY2019 APPROVED BUDGET CURRENT PERIOD YEAR TO DATE (W/ENCUMB) YEAR-END PROJECTION BEGINNING FUND BALANCE 6,853,073 6,853,073 OPERATING REVENUES Interest 40,300 - 116,685 40,300 Sales Tax 1,768,275 160,468 1,064,972 1,768,275 OPERATING REVENUES Total 1,808,575 160,468 1,181,657 1,808,575 OPERATING EXPENDITURES Joint Services Allocation 238,622 19,885 178,967 238,622 Miscellaneous Expense 50 - - 50 Promotional & Marketing Program 100,000 4,500 73,843 100,000 Special Services 30,000 - - 30,000 Travel & Training 500 - - 500 OPERATING EXPENDITURES Total 369,172 24,385 252,810 369,172 TOTAL NET OPERATIONS 1,439,403 136,083 928,847 1,439,403 NON-OPERATING EXPENDITURES Principal Reduction 80,568 - - 80,568 Debt Service 205,069 - 42,534 205,069 Interest Expense 23,157 - - 23,157 Atmos Energy 146,096 - - 146,096 DisperSol 50,000 - 30,000 50,000 Economic Development Projects -Undetermined 7,000,517 - - 7,000,517 Holt Cat 185,000 - - 185,000 Radiation Detection Company 150,000 - - 150,000 NON-OPERATING EXPENDITURES Total 7,840,407 - 72,534 7,840,407 TOTAL NET NON-OPERATIONS (7,840,407) - (72,534) (7,840,407) EXCESS (DEFICIENCY) OF TOTAL REVENUE OVER TOTAL REQUIREMENTS (6,401,004) 136,083 856,313 (6,401,004) ENDING FUND BALANCE 452,069 452,069 RESERVES Contingency 442,069 442,069 RESERVES Total 442,069 - - 442,069 AVAILABLE FUND BALANCE 10,000 10,000 Georgetown Economic Development Corporation Fund Year-End Projection to Approved: June FY2019 Department Federal Grantor Pass-Through Agency Identifying Number COG Name/Purpose YTD Expenditures YTD Revenue Recognized Airport N/A Texas Department of Transportation-Aviation M1914GEOR RAMP Grant - Routine Airport Maintenance Program 87,558.34 43,779.17 Airport Federal Aviation Administration Texas Department of Transportation-Aviation 16MPGRGTN Airport Master Plan Update 5,870.00 5,870.00 Airport Federal Aviation Administration Texas Department of Transportation-Aviation 1814GRGTN Runway 18/36 Rehabilitation- Engineering 458,400.00 412,560.00 Airport Federal Aviation Administration Texas Department of Transportation-Aviation 1814GEORG Runway 18/36 Rehabilitation- Construction 3,737,864.25 3,364,077.83 Fire US Department of Homeland Security Federal Emergency Management Agency EMW-2017-FH-00496 SAFER 281,576.26 210,896.11 Fire N/A Capital Area Trauma Regional Advisory Council FY 18/19 EMS County Grant 4,853.06 4,853.06 Fire Federal Emergency Management Agency Texas Department of Public Safety - TDEM TEEX Tracy Ryan Deployment Urban Search and Rescue (US&R) 13,411.76 13,411.76 Gus - Electric N/A Bloomberg Philanthropies 2017 Mayors Challenge 2,100.00 - Library Institute of Museum & Library Services Texas State Library & Archives Commission LS-00-18-0044-18 TSL Resource Coordinator - 3rd year (Patrick Lloyd) 54,984.90 54,984.90 Planning US Department of Housing & Urban Development Williamson County B-17-UC-48-0502 CDBG Sidewalks and Ramps along 17th St 8,950.00 8,950.00 Police Bureau of Justice Assistance N/A KXPIIIA Bullet Proof Vests - Supply Police with new vests 3,560.85 1,780.44 Public Works Dept. of Transportation /Federal Highway Administration Texas Department of Transportation CSJ-0914-05-187 Highway Planning & Construction (Austin Ave Bridge) 72,793.51 - Division Grantor Status Gus - Electric Department of Energy (DOE)Battery Storage Project Meeting with Partner August 7th to draft paperwork Planning Williamson County/CDBG Home Repair Action Plan in Public Comment Stage until Jul 31 Planning Williamson County/CDBG Scenic Dr Sidewalk Action Plan in Public Comment Stage until Jul 31 Parks Texas Parks and Wildlife Department (TPWD) Recreation San Gabriel Trails Approved at July 9th council meeting *Some revenue was recognized after 6/30. Reviewed By: CITY OF GEORGETOWN Grant/Federal Funding Report as of June 30, 2019 COG Name/Purpose Active Applications Pending Award CIP Quarterly Report - Q3 FY2019 Budget Year-todate (W/Encum)Remaining Balance AIRPORT OPERATIONS 600-5-0636-52-140 DESIGN RUNWAY REHAB 35,000 - 35,000 600-5-0636-52-141 HANGAR UPGRADES 516,500 75,000 441,500 600-5-0636-52-142 PAVEMENT UPGRADES 75,000 (10,744) 85,744 600-5-0636-52-145 WILDLIFE MANAGEMENT 15,000 24,351 (9,351) CDBG GRANTS 215-9-0880-90-003 17TH STREET 206,824 30,040 176,784 215-9-0880-90-004 MAPLE STREET 80,784 - 80,784 DOWNTOWN TIRZ 293-9-0602-90-002 PARKING IMPROVEMENTS 106,902 - 106,902 293-9-0602-90-003 DTWN LANDSPING & PUBLC ART 45,000 43,202 1,798 293-9-0602-90-007 GRACE HERITAGE PLAZA 139,100 - 139,100 ELECTRIC SERVICES 610-9-0580-90-134 HWY 195 - 903 (903) 610-9-0580-90-137 RONALD REAGAN - 303 (303) 610-9-0580-90-142 DOWNTOWN WEST 227,536 138,226 89,310 610-9-0580-90-143 SHELL ROAD FEEDERS - 11,792 (11,792) 610-9-0580-90-256 GEO. EAST T2 VOLTAGE CHANGE 23,757 5,350 18,407 610-9-0580-90-260 DB WOOD_SH29 INTERSECTION 145,445 42,787 102,658 610-9-0580-90-263 LEANDER RD_IH35 INTERSECTION 10,000 - 10,000 610-9-0580-90-266 RIVERY EXTENSION 49,269 24,713 24,557 610-9-0580-90-267 UNIVERSITY_MAYS WIDENING 154,000 1,377 152,623 610-9-0580-90-310 POWER QUALITY IMPROVEMENTS 40,000 - 40,000 610-9-0580-90-320 SECTIONALIZATION IMPROVEMENTS 50,000 - 50,000 610-9-0580-90-410 NEW DEVELOPMENT PROJECTS 3,023,000 2,572,161 450,839 610-9-0580-90-430 STREET LIGHTING 44,000 226 43,774 610-9-0580-90-500 CONSULTANT ENGINEERING 150,000 150,000 - 610-9-0580-90-701 FIBER OPTIC 50,000 26,000 24,000 610-9-0580-90-702 FIBER TO SIGNAL LIGHTS 50,000 - 50,000 610-9-0580-91-105 CIS SYSTEM - 20,000 (20,000) GATEWAY TIRZ 295-9-0602-90-001 CAPITAL IMPROVEMENTS 120,000 - 120,000 GENERAL CAPITAL PROJECTS 120-9-0280-90-031 NEIGHBORHOOD PARK DEVELOPMENT 250,000 89,972 160,028 120-9-0280-90-035 VFW PARK 175,000 156,551 18,449 120-9-0280-90-045 SAN GABRIEL PARK IMPROVEMENT 834,288 458,990 375,298 120-9-0280-90-046 GAREY PARK 370,000 23,851 346,149 120-9-0280-90-047 SIDEWALKS 142,858 - 142,858 120-9-0280-90-051 LIBRARY CANOPY 155,000 75,934 79,066 120-9-0280-90-060 ADA PARKS 450,405 - 450,405 120-9-0280-90-066 KATY CROSSING TRAIL 240,313 - 240,313 120-9-0380-90-048 FIRE STATION ASSESSMENTS 30,000 30,000 - 120-9-0380-90-080 DOWNTOWN PARKING GARAGE 5,000,000 62,950 4,937,050 120-9-0380-90-159 FIRE STATION 7 6,471,601 5,332,252 1,139,349 120-9-0380-90-160 EOC SIREN SYSTEM 6,631 - 6,631 120-9-0380-90-163 FIRE STATION 6 5,499,725 4,848,683 651,042 120-9-0380-90-166 DATA CENTER - PSOTC 100,676 - 100,676 120-9-0380-90-168 TRANSFER STATION/LANDFILL 1,011,337 - 1,011,337 120-9-0380-90-169 ERP PROJECT 5,366,384 5,362,422 3,962 120-9-0380-90-170 FACILITY EFFICIENCY STUDY 78,734 91,234 (12,500) 120-9-0381-90-022 RADIO REPLACEMENT PUB SAFETY 500,000 - 500,000 120-9-0381-91-016 FIRE SCBA 290,000 - 290,000 120-9-0381-91-022 RADIO REPLACEMENT 500,000 - 500,000 120-9-0680-90-008 CVB REDESIGN 175,000 - 175,000 120-9-0680-90-012 DOWNTOWN WEST 481,831 740,189 (258,358) 120-9-0680-90-013 DOWNTOWN WEST SIGNAGE 125,000 - 125,000 120-9-0680-90-014 DOWNTOWN PARKING EXPANSION 600,000 11,595 588,405 120-9-0880-90-038 LEANDER RD(NORWOOD-SWBYPASS)2,000,000 - 2,000,000 120-9-0880-90-041 BLUE HOLE PARKING LOT/SIDEWALK 100,000 - 100,000 CIP Quarterly Report - Q3 FY2019 Budget Year-todate (W/Encum)Remaining Balance 120-9-0880-90-050 NB FRONTAGE RD 150,000 2,803 147,197 120-9-0880-90-054 AUSTIN AVENUE BRIDGE 238,132 5,139 232,993 120-9-0880-90-065 SOUTHWESTERN BLVD 1,550,000 509,485 1,040,515 120-9-0880-90-066 SHELL ROAD SIDEWALK 180,000 - 180,000 120-9-0880-90-086 SW BYPASS LEANDER TO I35 - (1,000) 1,000 120-9-0880-90-087 FM 971 3,900,000 18,050 3,881,950 120-9-0880-90-088 FM 1460 900,000 - 900,000 120-9-0880-90-091 SW BYPASS/WOLF RANCH PKWY 1,717,771 715,647 1,002,124 120-9-0880-90-092 SOUTHEAST INNER LOOP 1,200,000 855,082 344,918 120-9-0880-90-105 NORTHWEST BLVD BRIDGE 10,307,612 2,421,907 7,885,705 120-9-0880-90-106 LEANDER RD(RIVER RIDGE/SW BYPA 1,550,000 - 1,550,000 120-9-0880-90-107 ROCK ST-6TH TO 9TH ST 273,000 - 273,000 120-9-0880-90-108 RIVERY EXTENSION - 55,259 (55,259) 120-9-0880-90-109 SE INNER LOOP ROCKRIDE IMPRV 115,000 - 115,000 120-9-0880-91-001 10TH ST (MAIN-ROCK)168,880 168,880 - 120-9-0880-91-002 11TH ST. (MAIN-ROCK)236,130 236,130 - 120-9-0880-91-006 AUSTIN AVE. (SH29-FM2243)492,300 494,445 (2,145) 120-9-0880-91-008 OLD TOWN NORTHEAST 826,445 917 825,528 120-9-0880-91-009 PH 1 SIGNAL & CURB RAMP IMPR.308,837 - 308,837 STORMWATER CAPITAL IMPROVEMENT 640-9-0880-90-005 CURB & GUTTER 527,504 117,365 410,139 640-9-0880-90-020 STORMWATER INFASTRUCTURE 200,000 41,100 158,900 640-9-0880-90-040 SPOILS FACILITY 100,000 - 100,000 640-9-0880-90-064 POND REHAB-2ND AND ROCK 450,000 24,205 425,795 640-9-0880-90-078 18TH AND HUTTO DRAINAGE 184,367 25,544 158,823 640-9-0880-90-079 2ND AND ROCK POND - 894 (894) 640-9-0880-90-081 VILLAGE PID INLET 75,000 - 75,000 STREET TAX SRF 203-9-0880-90-071 STREET MAINTENANCE 5,443,616 4,101,211 1,342,405 WATER SERVICES 660-9-0580-90-071 TANK REHAB PROJECTS 480,000 55,455 424,545 660-9-0580-90-076 DB WOOD/ PASTOR 24 DEDICATED 5,285,667 2,998,813 2,286,854 660-9-0580-90-077 RABBIT HILL WATERLINE 1,050,000 - 1,050,000 660-9-0580-90-078 RONALD REAGAN/DANIELS MOUNTAIN 6,425,959 6,177,625 248,334 660-9-0580-90-079 ROCK SUPPLY LINE 1,100,000 - 1,100,000 660-9-0580-90-080 RADIO REPLACEMENT 153,670 - 153,670 660-9-0580-90-097 SUN CITY ELEVATED STORAGE TANK - 3,327 (3,327) 660-9-0580-90-125 SHELL ROAD WATER LINE 6,033,651 - 6,033,651 660-9-0580-90-146 LWTP - DEWATERING FACILITY - 29,879 (29,879) 660-9-0580-90-166 LEANDER INTERCONNECT 225,000 - 225,000 660-9-0580-90-167 WEST LOOP (H-1A)2,119,000 854,862 1,264,138 660-9-0580-90-168 LWTP RAW WATER INTAKE REHAB 13,450,000 2,658,381 10,791,619 660-9-0580-90-170 CR 255 (WD14-2)1,493,963 - 1,493,963 660-9-0580-90-171 DOMEL PS IMPROVEMENTS (216,892) (216,892) - 660-9-0580-90-175 BRAUN EST 4,350,731 3,528,453 822,278 660-9-0580-90-176 MISC. LINE UPGRADES 393,899 18,645 375,254 660-9-0580-90-177 PARK WTP CLEARWELL 170,000 - 170,000 660-9-0580-90-178 S. LAKE WTP 2018 6,950,260 3,179,544 3,770,716 660-9-0580-90-179 SW BYPASS WATER H24-1 500,000 - 500,000 660-9-0580-90-180 TANK REHABILITATION 480,000 - 480,000 660-9-0580-90-200 WATER MAINS 2,208,325 777,046 1,431,279 660-9-0580-91-102 ASSET MANAGEMENT - 26,203 (26,203) 660-9-0580-91-105 CIS SYSTEM - 37,653 (37,653) 660-9-0581-90-051 PECAN BRANCH PH 2 - 424 (424) 660-9-0581-90-160 BERRY CREEK INTER (BC 4-6)20,714,161 5,630,461 15,083,700 660-9-0581-90-162 BERRY CREEK INTER (BC 1-3)- 677 (677) 660-9-0581-90-163 SAN GABRIEL BELT PRESS 1,900,932 58,500 1,842,432 660-9-0581-90-164 PARK LIFT STATION & FORCE MAIN 3,585,740 11,400 3,574,340 660-9-0581-90-166 EARZ 2,000,000 1,137,010 862,990 660-9-0581-90-167 SAN GABRIEL INTER SGI-2 2,500,000 1,037,700 1,462,300 660-9-0581-90-200 WW INTERCEPTORS 613,874 5,385 608,489 CIP Quarterly Report - Q3 FY2019 Budget Year-todate (W/Encum)Remaining Balance 660-9-0581-90-210 WWTP UPGRADE/EXP 1,150,000 - 1,150,000 660-9-0581-90-220 LIFT STATION UPGRADE 550,000 2,835 547,165 Grand Total 153,074,434 58,246,756 94,827,678 Unfunded Liability & Commitments Financial Impact/Notes Status Updates - 3/31/19 Status Updates - 6/30/19 Cemetery Special Revenue Fund Currently cemetery operations are self-funded through plot sales of approximately $50K per year. The cemetery is managed through Parks Administration. In 2015, Council elected to reserve $75,000 annually for future costs associated with maintaining the property. The General Fund has made this transfer in since FY 2016. Continue to request $75,000 annual reserves for future maintenance costs. Continue to request the $75,000 be added to the reserves for future maintenance costs. Unfunded Actuarial Accrued Liability (UAAL) Recognizes the outstanding liability for the City’s employee retirement plan through TMRS. The City contributes monthly to fund the UAAL, based on an annual percentage of payroll. Actual % of payroll costs is recognized within each fund. The UAAL is provided by TMRS and lags one year. As of 12/31/2017, the net pension liability (NPL) is $17.3 million and is 87.8% funded. The 2019 TMRS total combined contribution rate is 12.36%. No change. Other Post Employee Benefits (OPEB) While the City has no obligation to offer additional retiree benefits, retirees are eligible to participate in the City’s health insurance program. That ability represents a subsidy that impacts health insurance costs to the City. Retirees pay their monthly premiums to the self insurance fund, which then processes their health insurance claims. This is an actuarial calculation based on current and future employees on future City health insurance costs and Life insurance benefits, which has numerous and complex factors in its calculation. Retirees pay their own premiums, and thus the liability is considered “pay as you go”. With additional employees being added, potential future retiree impacts increase. The 2018 current OPEB liability is $2,182,012 for healthcare benefits and $1,091,292 for Life insurance benefits. No change. Compensated Absence Future costs associated with benefits such as vacation, and sick leave for City employees. Compensated Absence is accrued annually to each proprietary fund type on a GAAP basis and accounted for on the balance sheet of each fund. For governmental funds (and for budgetary basis), the expense is recognized when due and payable. The current amount of the Benefit Payout Reserve is $255,000. No change. Electric Fund Rate Stabilization Reserve Intended to mitigate potential rate impacts due to increased fuel costs or other external factors. The RSR is maintained within the Electric Fund. The PCA was increased in February 2019 to recover power costs and maintain the 90 day contingency reserve. In order to build the rate stabilization reserve, the PCA will need to increase again. The PCA was increased in June of 2019 to recover additional costs for purchased power. The 90 day contingency reserve is projected to be met at the end of FY2019. The June PCA is scheduled to remain in effect during the FY2020 budget. CITY OF GEORGETOWN Long-term Commitments, Reservations, and Other Unfunded Liabilities June 30, 2019 Unfunded Liability & Commitments Financial Impact/Notes Status Updates - 3/31/19 Status Updates - 6/30/19 Airport Maintenance Fund on-going maintenance of the Airport grounds, runways and taxi ways. Terminal and Tower included in Facilities ISF. An Airport Master Plan was developed to address long term capital maintenance project prioritization. The Airport Fund continues to have a positive balance. The Wildlife Hazard Assessment is complete and undergoing final review by TxDOT. The Texas Transportation Commission approved the Runway 18-36 rehabilitation project, including grooving the new pavement, overlay of additional shoulder pavement, and installation of lighting infrastructure in preparation for future lighting projects. Construction started and expected to end May 2019. New Airport Manager starts May 13,2019. There is a new paving project that will begin the last week of August. Americans with Disabilities Act (ADA) Compliance Needs As facilities are built or repurposed, meeting ADA compliance will be included in Project Costs. Funding for program expansion will be needed (General Fund sources). The City has an adopted policy, as required by Federal Law, that it will make reasonable accommodations and modifications to ensure that people with disabilities have an equal opportunity to enjoy its programs, services, and activities. The City does not maintain a reserve for these modifications. The ADA transition plan for Parks includes $150,000 per year for FY2020-FY2022. No change. Sidewalk Maintenance & Masterplan Currently, new sidewalks are built as development occurs. Repairs are funded as needed or if funding is available, when major roads are repaired. Useful life of a sidewalk is estimated at 40 to 50 years. The largest revenue source comes from the City’s General Fund, but there has been some debt funding as well. Debt funded projects: Old Town NE Sidewalk – Approval has been received from TCEQ. Design is completed. All easements have been secured. We will start advertising May 5th 2019 and open bids in late May. Plan to take to GTAB on June 14th 2019 followed by Council. Austin Ave Sidewalks (Leander to Hwy 29) – Patin Construction has installed Erosion Controls and Tree protection. Construction will commence in late April 2019. Estimated completion is late August. Debt funded projects: Old Town NE Sidewalk – Approval has been received from TCEQ. Design is completed. All easements have been secured. Bid opening held on July 16th. GTAB approved award to Choice Builders on August 9th. City Council will consider award on August 27th 2019. Austin Ave Sidewalks (Leander to Hwy 29) – Patin Construction has installed all sidewalk and pedestrian ramps throughout the project. Contractor is completing steel plate work in 3 areas and working to have pedestrian activated signs installed at 16th and Austin Ave. All striping work is being scheduled. Park Equipment Maintenance & Replacement Over the past 5 years, funding for Park Maintenance and Replacement has increased. $200K transfer from General Fund included in FY2018 budget. Staff has listed all assets & developed replacement schedule funded by the General Fund. FY19 projects are underway. Projects identified in the the FY20 budget total $394,000, which if completed will require an increase in the FY20 transfer. Some of the projects identified are at Booty's Park, Raintree Park, University Park, the Recreation Center, along with a few others. Projects in the FY 19 budget continue to be underway. There is an increase of $97,000 proposed for the FY 20 budget to help fund the projects identified for 2020. Radio Equipment Replacement Communication system consisting of 500 on-body and in- vehicle radios for Police, Fire, parks and utilities. Replacement radios are compatible with newer technology. Staff is meeting with Motorola on 4/26/19, the purchases will be presented to GGAF on 5/29/19, and taken to Council on 6/11/19. FY2019 is the 3rd year of the replacement project, with $500,000 debt funded for the replacement. The FY2020 proposed budget amount is $129,000 and FY2021 is $234,278. Radios ordered on 7/17/19. On 8/12 and 8/13, we received three pallets of radio equipment. Asset management process has begun. The T1 to Ethernet conversion is scheduled to be completed by 9/15. NICE Recording Solution has a longer implementation process. The goal is to have the installation completed by 12/31/19. Unfunded Liability & Commitments Financial Impact/Notes Status Updates - 3/31/19 Status Updates - 6/30/19 Street Maintenance The City funds street maintenance in the General Fund, supplemented by a 1/8th Street Sales Tax special revenue fund. In 2017 and 2018, the Council and GTAB reviewed various methods for enhanced street maintenance and costs. Direction from Council is to use high performance surface seals and pavement wearing courses and begin programmatically addressing the street network's deferred maintenance backlog, creating a need for approximately $2 million more per year for street maintenance. 2019 Street Maintenance projects scheduled include 47 lane miles of local roads to be treated with High Performance Sealant. Pavement rehabilitation projects using Hot In Place Asphalt Recycling total 25.5 lane mile. The Hot In Place Asphalt recycling is currently on-going in the Old Town Area should be complete next week, then the Hot In Place Asphalt recycling will move out to Berry Creek. In regards to the High Performance Sealant Projects, application of the sealant has started in University Park and Raintree Subdivisions. The contractor should start in Sun City on Monday, August 19th and then application of the sealant will begin the 1st week of September in Georgetown Village.