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FY2023
Quarterly Report
4th Quarter
FINANCIAL REPORT AND INVESTMENT REPORT
For the Quarter Ended September 30th, 2023
Table of Contents
General Fund Narrative .............................................................................................................................. 1-9
General Fund Schedule ............................................................................................................................... 10
General Fund by Cost Center ................................................................................................................. 11-14
Electric Fund Narrative ........................................................................................................................... 15-19
Electric Fund Schedule ................................................................................................................................ 20
Water Services Fund Narrative ............................................................................................................... 21-26
Water Services Fund Schedule .................................................................................................................... 27
Convention & Visitors Bureau Narrative................................................................................................. 28-29
Convention & Visitors Bureau Fund Schedule ............................................................................................. 30
Airport Fund Narrative ........................................................................................................................... 31-33
Airport Fund Schedule ................................................................................................................................. 34
Georgetown Transportation Enhancement Corporation Fund Narrative ............................................... 35-37
Georgetown Transportation Enhancement Corporation Fund Schedule .................................................... 38
Georgetown Economic Development Corporation Fund Narrative ....................................................... 39-41
Georgetown Economic Development Corporation Fund Schedule ............................................................. 42
Council Discretionary Fund Schedule .......................................................................................................... 43
Joint Services Fund Schedule ....................................................................................................................... 44
Stormwater Services Narrative ............................................................................................................... 45-47
Stormwater Services Fund Schedule ........................................................................................................... 48
Village PID Services Narrative ...................................................................................................................... 49
Village PID Services Fund Schedule ............................................................................................................. 50
Investment Report.................................................................................................................................. 51-53
Quarterly Investment Report - City ........................................................................................................ 54-81
Quarterly Investment Report - GEDCO ................................................................................................... 82-88
Quarterly Investment Report - GTEC ...................................................................................................... 89-95
Grant Applications ....................................................................................................................................... 96
Capital Improvement Projects .............................................................................................................. 97-101
Quarterly Financial Report
F FY2021 Quarterly Report EXECUTIVE SUMMARY FOR THE QUARTER ENDED SEPT. 30, 2023
I.QUARTERLY FINANCIAL ANALYSIS
The Fourth Quarter Report Approved Budget includes the Capital Project Roll Forward and the
Mid-Year Budget Amendment. This report contains expenses incurred from winter storm Mara
and the City amended the budget for related expenses as part of the mid-year budget
amendment in May. Q4 figures are preliminary and unaudited. Staff will complete the annual
Audit and will bring back certified numbers to Council in early 2024.
This report compares actuals to budget and the performance of current actuals to actuals of the
same quarter in the previous year. Furthermore, this report compares actuals to year-end
projections.
GENERAL FUND REVENUES:
General Fund revenues total $111,600,374, or 103.73% of budget through the end of the quarter.
Revenues are higher than last year’s same quarter total by $8,368,158, or 8.11%. $2,205,149 million of
this is attributed to an increase in property tax revenue and $1,499,360 million is due to a drastic
increase in interest income which is consistent with what is being seen across the organization. The
City continues to monitor the performance in revenue, particularly in planning and development
related fees, as well as sales tax.
General Fund
Quarterly Comparison: Q4 FY23 Budget FY2023 FY2023 Year-to-date: Budget Vs. Actuals Quarterly Comparison
FY2023 YTD Actuals:
Q4 FY23 Variance % of Budget Variance % Variance
Revenue
40001:Property Taxes 18,700,000 19,029,009 329,009 101.76% 2,205,149 13.11%
40002:Sales Taxes 30,749,397 28,571,800 (2,177,597) 92.92% 236,262 0.83% 40005:Franchise Taxes 6,820,940 7,655,682 834,742 112.24% 625,951 8.90% 40008:Other Taxes 576,473 676,988 100,515 117.44% 57,323 9.25%
41001:Fines 270,800 454,264 183,464 167.75% 180,033 65.65%
41002:Penalties 111,348 129,104 17,756 115.95% 7,468 6.14% 42001:Interest Income 100,000 1,743,056 1,643,056 1743.06% 1,499,360 615.26% 43001:Fees 9,927,405 10,252,528 325,123 103.28% 662,343 6.91%
43002:Garbage Charges 12,095,135 13,077,613 982,478 108.12% 1,226,047 10.35%
43003:Permits 6,548,500 5,332,553 (1,215,947) 81.43% (595,781) -10.05% 43004:Administrative Charges 2,000,000 2,000,008 8 100.00% (723,933) -26.58% 43005:Rental Revenue 127,692 91,700 (35,992) 71.81% (78,597) -46.15%
45001:Misc Revenue 883,850 1,325,325 441,475 149.95% 486,316 57.96%
45002:Insurance Proceeds - 8,947 8,947 0.00% (41,391) -82.23% 45003:Misc Reimbursements - 14,324 14,324 0.00% (1,291) -8.27% 45004:Sale of Property - 150,898 150,898 0.00% 147,497 4337.90%
45005:Gain/Loss on Sale of Assets - - - 0.00% (77) -100.00%
44001:Grant Revenue 40,000 230,160 190,160 575.40% (186,789) -44.80% 44501:Contribution Revenue 145 - (145) 0.00% - 0.00%44502:Developer Contributions 264,018 1,769,169 1,505,151 670.09% (160,732) -8.33%
44503:Interlocal Agreement
Revenue 5,991,960 5,974,846 (17,114) 99.71% 315,619 5.58% 44504:Donations - 11,221 11,221 0.00% 1,160 11.53% 70001:Transfers In 1,765,500 1,765,500 - 100.00% 1,322,972 298.96%
70002:Transfers In - Payment in
Lieu of Taxes (PILOT) 10,615,004 11,335,679 720,675 106.79% 1,422,927 14.35%
Revenue Total 107,588,167 111,600,374 4,012,207 103.73% 8,368,158 8.11%
1
Quarterly Financial Report
F FY2021 Quarterly Report
Sales tax revenue accounts for $30,749,397 of
General Fund budgeted revenue. Through the
quarter, the City collected $28,571,800 of the
budgeted sales tax amount. Sales tax revenue
began a flat trend in comparison to prior fiscal
years. While the overall sales tax amount is slightly
over FY2022’s total, the City is no longer seeing
large increases from month-to-month. The
quarterly return for sales tax 0.83% greater than
the same period last year. During the
development of the FY2023 budget staff
forecasted an 1% increase of prior fiscal year sales
tax actuals.
The month-to-month comparison of FY2022 and
FY2023 sales tax returns indicates a normalization of rapid growth recently experienced in multiple
sectors. The change in sales tax is attributed to the manufacturing sector, specifically related to
building materials. Building materials, which over the past three years has on average accounted
for 17.5% of total sales tax, has seen a decrease in year-to-date actuals when compared to the same
period during the previous year. Because sales tax is the largest source of revenue in the general
fund and also subject to volatility, staff is closely monitoring the City’s core sectors of retail
(specifically building materials), food, and information. The City continues to reserve a fully funded
(8%) Economic Stability Reserve to protect against any volatility in sales tax revenue.
Property tax revenues are the second largest revenue segment in the General Fund and has a
budget of $18,700,000. Property tax revenue is typically received during the first two quarters of the
fiscal year, with most of the taxes collected in December and January. Through the quarter,
property tax year-to-date collections total 101.76% of budget, or $19,029,009. Year-to-date property
tax revenues are 13.11% greater than the same period last year.
The City collects franchise fees for electric, water, garbage, natural gas, cable, and non-cellular
telephone services. Through the quarter, franchise fee revenues total $7,655,682 in FY2023, or
112.24% of budget. Franchise fee revenue is 8.90% higher than the same quarter of FY2022. While
most franchise fees saw increases from the same quarter of FY2022, the major increases are from
electric, water, garbage and gas franchise fees.
Payment in Lieu of Taxes (PILOT) revenue from City-owned utilities is budgeted at $10,615,004.
Year-to-date, PILOT revenues total $11,335,679, or 106.79% of budget. PILOT revenue is $1,422,927, or
14.35%, higher than the same quarter of FY2022. While all utility funds PILOT is trending slightly
higher than budget, the majority of the increase for the quarter is from Water and Wastewater.
Electric PILOT is capped at $5.5 million, per Council direction. The capped Electric Fund PILOT was
maxed out at $5.5 million in August of FY2023.
Planning and Development related revenue has slowed down in FY2023 due to a significant
decrease in the number of residential building permits issued. Planning and Development has a
total revenue budget of $9,344,155. Through the quarter, planning and development related
revenues total $7,625,482 or 81.61% of budget. Permit fees are down -8.36%, or $(236,377) compared
to the same quarter in FY2022. Development related permits year-to-date revenues are down-
K
2.0M
4.0M
6.0M
8.0M
10.0M
12.0M
14.0M
Q1 Q2 Q3 Q4
GENERAL FUND: SALES
TAX
FY2021 FY2022 FY2023
2
Quarterly Financial Report
F FY2021 Quarterly Report
14.91%, or $(882,223) compared to the same period in FY2022. Staff continues to monitor the amount
of residential and commercial building permits. FY2023 development revenue and expenses are
also being closely monitored for economic impacts. The following graph shows the number of
residential building permits issued per quarter for the past three years.
Sanitation revenue budget totals $12,095,135. Through the quarter, year-to-date revenues from
sanitation are $13,077,613, or 108.12% of budget. Sanitation rates increased as part of the FY2023
budget to support demand for service as well as to support the debt service for a new transfer
station. The variance between the same period last year is $1,226,047, or 10.35%. The updated
environmental services cost of service study was presented to Council during the FY2024 budget
development workshops. Solid Waste rates increased 4.5% for residential services and 9.5% for
commercial services for FY2024. These rates cover the increased costs of the transfer station project
and begin to establish reserves for a separate solid waste fund. The rates also reduce subsidization
of commercial customers by residential customers. A Solid Waste Fund was created as part of the
FY2024 Budget. Staff is proposing to transfer excess revenues over expenditures to this fund as
part of the CIP Roll Forward amendment in January. The transfer of $271,983 will go towards
meeting the reserve requirements in the Solid Waste Fund.
Fire and EMS total budgeted revenue is $8,771,250. Through the quarter, Fire and EMS fee related
revenue totals $9,395,364, or 107% of budget. Additional Fire/EMS revenue is comprised of the
Interlocal Agreement Emergency Services District 8 contract for service, as well as public safety
grants revenue.
Parks and Recreation fee revenue budget totals $3,263,000. Through the quarter, parks and
recreation related fee revenue totals $3,404,687, or 104.34% of budget. Parks and Recreation
revenue is up 5.90% compared to FY2022. The Parks and Recreation department has seen an
increase in revenue compared to FY2022 coupled with fee adjustments to align with the cost
recovery model approved by Council, and programming returning to pre-pandemic levels.
-
200
400
600
800
1,000
Q1 Q2 Q3 Q4
Residential Building Permits
FY2021 FY2022 FY2023
3
Quarterly Financial Report
F FY2021 Quarterly Report
FY2023 Revenue Projections:
General Fund
Quarterly Comparison: Q4 FY23 Budget FY2023 FY2023 Year-to-date: Budget Vs. Actuals Year-End: Projections Vs. Actuals
FY2023 YTD Actuals:
Q4 FY23 Variance % of
Budget
Projections
FY2023
Variance
Fav/(Unfav)
% of
Projection
Revenue
40001:Property Taxes 18,700,000 19,029,009 329,009 101.76% 18,720,000 309,009 101.65%
40002:Sales Taxes 30,749,397 28,571,800 (2,177,597) 92.92% 28,619,207 (47,407) 99.83%
40005:Franchise Taxes 6,820,940 7,655,682 834,742 112.24% 7,777,503 (121,821) 98.43%
40008:Other Taxes 576,473 676,988 100,515 117.44% 670,000 6,988 101.04%
41001:Fines 270,800 454,264 183,464 167.75% 411,150 43,114 110.49%
41002:Penalties 111,348 129,104 17,756 115.95% 145,000 (15,896) 89.04%
42001:Interest Income 100,000 1,743,056 1,643,056 1743.06% 1,400,000 343,056 124.50%
43001:Fees 9,927,405 10,252,528 325,123 103.28% 9,581,113 671,415 107.01%
43002:Garbage Charges 12,095,135 13,077,613 982,478 108.12% 12,600,000 477,613 103.79%
43003:Permits 6,548,500 5,332,553 (1,215,947) 81.43% 5,038,000 294,553 105.85%
43004:Administrative
Charges 2,000,000 2,000,008 8 100.00% 2,000,000 8 100.00%
43005:Rental Revenue 127,692 91,700 (35,992) 71.81% 91,192 508 100.56%
45001:Misc Revenue 883,850 1,325,325 441,475 149.95% 1,082,914 242,411 122.39%
45002:Insurance Proceeds - 8,947 8,947 0.00% 8,582 365 104.26%
45003:Misc
Reimbursements - 14,324 14,324 0.00% 700 13,624 2046.27%
45004:Sale of Property - 150,898 150,898 0.00% 150,802 96 100.06% 45005:Gain/Loss on Sale of Assets - - -0.00% - - 0.00% 44001:Grant Revenue 40,000 230,160 190,160 575.40% 42,250 187,910 544.76% 44501:Contribution Revenue 145 -(145) 0.00% - - 0.00% 44502:Developer Contributions 264,018 1,769,169 1,505,151 670.09% 1,769,168 1 100.00%
44503:Interlocal
Agreement Revenue 5,991,960 5,974,846 (17,114) 99.71% 5,991,960 (17,114) 99.71%
44504:Donations - 11,221 11,221 0.00% 11,152 69 100.62%
70001:Transfers In 1,765,500 1,765,500 -100.00% 1,765,500 -100.00%
70002:Transfers In -
Payment in Lieu of Taxes
(PILOT) 10,615,004 11,335,679 720,675 106.79% 11,550,000 (214,321) 98.14%
Revenue Total 107,588,167 111,600,374 4,012,207 103.73% 109,426,193 2,174,181 101.99%
Total revenues are projected to end FY2023 at $109,426,193. Through the quarter, actuals are
$111,600,374, or exceed projection by 101.99%. 4
Quarterly Financial Report
F FY2021 Quarterly Report GENERAL FUND EXPENSES:
Annual expenses through the quarter total $111,354,725, or 94.35% of budget. This is an increase of
16.57% compared to the same period last year. The increase is driven by increases to both personnel
expenses and operational expenses such as internal service allocations, consulting fees and
sanitation services. Additionally, general increases in expenses compared to the same period last
year are due to inflation, staff compensation, and new or enhanced programs.
Personnel and Operations Summary:
Personnel costs through the quarter total $58,738,818, or 98.25% of personnel budget. Operational
costs total $48,911,008, or 90.11%. The table below includes all expenditures in the General Fund.
Capital costs can fluctuate from year-to-year based on projects, timing, and various other factors,
primarily in the Streets cost center. Transfers ended the year over budget and will be corrected
through the year-end budget amendment. The overage is a correction of revenue that was
recorded in the General Fund and needs to be recorded in General Capital Projects Fund for
Lakeway and Williams Drive Intersection.
General Fund
Quarterly Comparison: Q4 FY23 Budget FY2022 FY2023 FY2023 Year-to-date: Budget Vs. Actuals Quarterly Comparison
FY2023 YTD Actuals: Q4 FY22 YTD Actuals: Q4 FY23 Variance % Of Budget Variance % Variance
Expense
Personnel 59,786,072 50,843,833 58,738,818 1,047,254 98.25% (7,894,985) 15.53%
Operations 54,279,584 37,083,113 48,911,008 5,368,576 90.11% (11,827,894) 31.90%
Operating Capital 757,612 670,030 275,821 481,791 36.41% 394,209 -58.83% Transfers 3,199,606 6,931,401 3,429,079 (229,473) 107.17% 3,502,323 -50.53% Total Expense 118,022,874 95,528,378 111,354,725 6,668,149 94.35% (15,826,347) 16.57%
A complete list of cost center, and budget compared to actuals is attached as part of supplemental
information to this report.
Personnel and Operations Summary by Division:
DEVELOPMENT SERVICES, COMMUNICATIONS & PUBLIC ENGAGEMENT DIVISION:
Through the quarter Planning has reported expenses totaling $2,114,557, or 57.63% of budget. The
Planning Department has personnel savings due to vacancies and approximately $410,705 in
savings from requested roll forwards for the UDC redesign and consulting for the Future Land Use
Plan.
Inspections incurred personnel and operational expenses amounting to $2,111,064, or 79.34% of
budget. With a slowdown in development, Inspections can hold on outsourcing 3rd party
apartment inspections as the City monitors overall General Fund revenue. The City budgeted
$300,000 for 3rd party inspection in FY2023.
Arts and Culture recognized year to date expenses totaling $401,116, or 89.05% of budget. Lower
than anticipated expenditures are tied to pausing on two Special Events and Marketing positions
because of revenue uncertainty. 5
Quarterly Financial Report
FFY2021 Quarterly Report
Environmental Services incurred personnel and operational expenditures amounting to
$10,909,026, or 98.74% of budget.
Public Works personnel and operational expenditures for the quarter totals $1,665,500, which
represents 99.55% of budget. Year-to-date expenditures related to personnel and operations for
Streets totals $6,729,619, 84.38% of budget. The higher than expected year-to-date actuals in the
Streets cost center is primarily due to tree and shrub removal services necessary in the aftermath
of the winter storm. The City is covering those costs with the council Special Revenue Fund and is
applying for reimbursement from FEMA.
FINANCE ADMINISTRATION DIVISION:
Municipal Court year-to-date expenses total $563,192, or 94.02% of budget. This spending includes
$457,645 for personnel costs and $105,547 for operational costs.
POLICE OPERATIONS DIVISION:
Police Operations saw personnel and operational expenditures through the quarter total
$18,867,375, or 97.33% of budget. Police Administration expenditures through the quarter resulted
in $2,883,674, or 95.97% of budget.
FIRE AND EMS DIVISION:
Year-to-date personnel and operational expenditures through the quarter total $5,521,360, or
112.39% of budget for Fire Support Services/Administration, $19,252,801, or 96.27% of budget for
Fire Emergency Services, and $3,758,437, or 101.29% of budget for Fire EMS.
ADMINISTRATIVE SERVICES DIVISION:
Administrative Services saw operational and personnel costs totaling $2,565,705, or 83.58% of
budget year-to-date. The cost center includes one-time funding for consulting, continuation of a
“311 like” system, and studies that were not completed in FY2022.
City Secretary personnel and operational expenditures for the quarter totals $1,436,514, which
represents 92.89% of budget.
Year-to-date personnel and operational expenditures for Communications totals $1,112,611, which
represents 74.42% of budget.
Non-Departmental includes a budget of $3,199,931 for transfers out to various funds. As of the
fourth quarter, 100.01% of anticipated transfer expenses have been made.
General Government Contracts includes budgeted vacancy savings estimates for all General
Fund departments. Real vacancy savings is realized in each cost center. The budgeted vacancy
factor against year-to-date actuals in the administrative division cost center drives the percent of
budget up. Additionally, this is where the City budgets for various approved economic
development related incentives.
LIBRARY DIVISION:
Library year-to-date expenses total $3,394,056, or 91.07% of budget.
6
Quarterly Financial Report
F FY2021 Quarterly Report
PARKS AND RECREATION DIVISION:
Year-to-date personnel and operations costs for Parks and Recreation within the following cost
centers: Parks Administrations, Parks, Garey Park, Tennis Center, Recreation and, comes to a total
of $10,409,170, or 91.41% of budget.
Parks year-to-date through the quarter totals $2,881,717, or 81.25% of budget. Recreation total
expenses are $5,195,868, which is 98.15% of budget. Garey Park year-to-date is $1,058,158, or 87.31%
of budget. Personnel expenses in recreation are heavily seasonal, and a significant portion of part-
time and temporary salaries is accounted for in the fourth quarter.
COMMUNITY SERVICES DIVISION:
Year-to-date personnel and operational expenditures for Community Services are as follows,
Emergency Management cost center has a total of $221,074, or 54.63% of budget, through the
quarter, Animal Services has reported $1,051,219, which is 81.75% of their budget, Code Compliance
has shown spending of $624,861, or 90.03% of budget. Animal Services continues to have salary
savings related to vacancies in their cost center.
7
Quarterly Financial Report
F FY2021 Quarterly Report Personnel and Operations Summary by Division:
General Fund
Quarterly Comparison: Q4 FY23 Budget FY2023
FY2023 Year-to-date: Budget Vs.
Actuals
FY2023 YTD Actuals: Q4
FY23 Variance % of Budget
Development Services, Communications &
Public Engagement
Personnel 8,476,062 7,297,762 1,178,300 86.10%
Operations 21,347,568 18,201,073 3,146,495 85.26%
Operating Capital 7,000 4,880 2,120 69.72%
Transfers - 229,148 (229,148) 0.00%
Development Services Total Expense 29,830,630 25,732,862 4,097,767 86.26%
Finance Administration
Personnel 489,044 457,645 31,399 93.58%
Operations 109,973 105,547 4,426 95.98%
Finance Administration Total Expense 599,017 563,192 35,825 94.02%
Police Operations
Personnel 16,264,597 16,230,999 33,598 99.79%
Operations 5,812,678 5,390,533 422,145 92.74%
Operating Capital 311,983 129,518 182,465 41.51%
Police Operations Total Expense 22,389,258 21,751,049 638,209 97.15%
Fire and EMS
Personnel 22,215,323 22,844,343 (629,020) 102.83%
Operations 6,163,946 5,570,104 593,842 90.37%
Operating Capital 242,185 118,151 124,034 48.79%
Fire and EMS Total Expense 28,621,454 28,532,598 88,856 99.69%
Administrative Services
Personnel 2,446,693 3,188,966 (742,273) 130.34% Operations 13,385,888 12,679,645 706,243 94.72%
Operating Capital 51,641 6,101 45,540 11.81%
Transfers 3,199,606 3,199,931 (325)100.01%
Administrative Services Total Expense 19,083,828 19,074,643 9,185 99.95%
Library
Personnel 2,275,834 2,006,262 269,572 88.16%
Operations 1,439,658 1,377,491 62,167 95.68% Operating Capital 11,304 10,304 1,000 91.15%
Library Total Expense 3,726,796 3,394,056 332,740 91.07%
Parks and Recreation Personnel 5,991,468 5,358,233 633,235 89.43%
Operations 5,390,742 5,045,798 344,944 93.60%
Operating Capital 5,000 5,139 (139)102.78%
Parks and Recreation Total Expense 11,387,210 10,409,170 978,040 91.41% 8
Quarterly Financial Report
F FY2021 Quarterly Report
Community Services
Personnel 1,627,051 1,354,609 272,442 83.26%
Operations 629,130 540,817 88,313 85.96% Operating Capital 128,500 1,728 126,772 1.35%
Community Services Total Expense 2,384,681 1,897,154 487,527 79.56%
General Fund Total 118,022,874 111,354,725 6,668,149 94.35%
Overall, General Fund expenditures are within budget and the fund can cover the 90-day
Contingency Reserve, Economic Stability Reserve, Master Development Fee Reserve (MDF) and the
Benefit Payout Reserve.
FY2023 Expense Projections:
General Fund
Quarterly Comparison: Q4
FY23 Budget FY2023
FY2023 Year-to-date:
Budget Vs. Actuals Year-End: Projections Vs. Actuals
FY2023 YTD Actuals:
Q4 FY23 Variance % Of Budget Projections
FY2023
Variance
Fav/(Unfav)
% of
Projection
Expense
Personnel 59,786,072 58,738,818 1,047,254 98.25% 58,966,063 227,246 99.61%
Operations 54,279,584 48,911,008 5,368,576 90.11% 52,397,956 3,486,948 93.35%
Operating Capital 757,612 275,821 481,791 36.41% 538,833 263,012 51.19%
Transfers 3,199,606 3,429,079 (229,473) 107.17% 3,199,606 (229,473) 107.17%
Total Expense 118,022,874 111,354,725 6,668,149 94.35% 115,102,458 3,747,733 96.74%
Total expenses are projected to end FY2023 at $115,102,458. Through the quarter, actual expenses
are 96.74% of total projections.
Overall, General Fund expenditures are within budget and the fund can cover the required 90-day
Operating Contingency, Economic Stability Reserve, Master Development Fee Reserve, and the
Benefit Payout Reserve.
As mentioned, staff will come back to City Council to roll eligible dollars for capital and one-time in
nature expenses into FY2024. The estimated impact of operational roll forward is $2,273,900.
9
Quarterly Financial Report
F FY2021 Quarterly Report General Fund
Period: Sep-23 Budget Current Period FY2023 FY2023 Year-to-date: Budget Vs. Actuals Year-End: Projections Vs. Actuals
FY2023 Sep-23 YTD Actuals: Q4 FY23 Variance % of Budget Projections FY2023 Variance Fav/(Unfav) % of Projection
Beginning Fund Balance 37,517,635 37,517,635 - 100.00% 37,517,635 - 100.00%
Revenue 40001:Property Taxes 18,700,000 1,459,778 19,029,009 329,009 101.76% 18,720,000 309,009 101.65% 40002:Sales Taxes 30,749,397 7,306,266 28,571,800 (2,177,597) 92.92% 28,619,207 (47,407) 99.83% 40005:Franchise Taxes 6,820,940 846,412 7,655,682 834,742 112.24% 7,777,503 (121,821) 98.43% 40008:Other Taxes 576,473 36,996 676,988 100,515 117.44% 670,000 6,988 101.04% 41001:Fines 270,800 45,367 454,264 183,464 167.75% 411,150 43,114 110.49% 41002:Penalties 111,348 9,873 129,104 17,756 115.95% 145,000 (15,896) 89.04% 42001:Interest Income 100,000 184,311 1,743,056 1,643,056 1743.06% 1,400,000 343,056 124.50% 43001:Fees 9,927,405 2,352,103 10,252,528 325,123 103.28% 9,581,113 671,415 107.01% 43002:Garbage Charges 12,095,135 916,651 13,077,613 982,478 108.12% 12,600,000 477,613 103.79% 43003:Permits 6,548,500 446,941 5,332,553 (1,215,947) 81.43% 5,038,000 294,553 105.85% 43004:Administrative Charges 2,000,000 166,667 2,000,008 8 100.00% 2,000,000 8 100.00% 43005:Rental Revenue 127,692 3,234 91,700 (35,992) 71.81% 91,192 508 100.56% 45001:Misc Revenue 883,850 265,313 1,325,325 441,475 149.95% 1,082,914 242,411 122.39% 45002:Insurance Proceeds - - 8,947 8,947 0.00% 8,582 365 104.26% 45003:Misc Reimbursements - 72 14,324 14,324 0.00% 700 13,624 2046.27% 45004:Sale of Property - 55 150,898 150,898 0.00% 150,802 96 100.06% 45005:Gain/Loss on Sale of Assets - - - - 0.00% - - 0.00% 44001:Grant Revenue 40,000 227,910 230,160 190,160 575.40% 42,250 187,910 544.76% 44501:Contribution Revenue 145 - - (145) 0.00% - - 0.00% 44502:Developer Contributions 264,018 - 1,769,169 1,505,151 670.09% 1,769,168 1 100.00% 44503:Interlocal Agreement Revenue 5,991,960 1,392,500 5,974,846 (17,114) 99.71% 5,991,960 (17,114) 99.71% 44504:Donations - 70 11,221 11,221 0.00% 11,152 69 100.62% 70001:Transfers In 1,765,500 - 1,765,500 - 100.00% 1,765,500 - 100.00% 70002:Transfers In - Payment in Lieu of Taxes (PILOT) 10,615,004 525,975 11,335,679 720,675 106.79% 11,550,000 (214,321) 98.14% Revenue Total 107,588,167 16,186,496 111,600,374 4,012,207 103.73% 109,426,193 2,174,181 101.99%
Expense CC0001 Non-Departmental 3,199,606 - 3,199,931 (325) 100.01% 3,199,606 325 100.01% CC0107 Planning 3,669,109 239,998 2,114,557 1,554,552 57.63% 2,814,753 (700,196) 75.12% CC0202 Parks Administration 757,322 79,028 750,304 7,018 99.07% 737,237 13,068 101.77% CC0210 Library 3,726,796 341,432 3,394,056 332,740 91.07% 3,484,182 (90,126) 97.41% CC0211 Parks 3,546,857 308,927 2,881,717 665,140 81.25% 3,138,455 (256,738) 91.82% CC0212 Recreation 5,293,737 462,732 5,195,868 97,869 98.15% 5,128,957 66,911 101.30% CC0213 Tennis Center 577,279 50,410 523,123 54,156 90.62% 540,371 (17,248) 96.81% CC0214 Recreation Programs - - - - 0.00% - - 0.00% CC0215 Garey Park 1,212,015 111,650 1,058,158 153,857 87.31% 1,148,627 (90,469) 92.12% CC0218 Arts and Culture 450,446 62,315 401,116 49,330 89.05% 432,392 (31,276) 92.77% CC0316 Municipal Court 599,017 63,394 563,192 35,825 94.02% 572,235 (9,044) 98.42% CC0402 Fire Support Services/Administration 4,912,473 607,727 5,521,360 (608,887) 112.39% 5,375,278 146,083 102.72% CC0422 Fire Emergency Services 19,998,506 2,275,112 19,252,801 745,705 96.27% 19,536,969 (284,169) 98.55% CC0448 EMS 3,710,475 466,151 3,758,437 (47,962) 101.29% 3,943,535 (185,098) 95.31% CC0533 Environmental Services 11,048,735 1,061,168 10,909,026 139,709 98.74% 10,703,395 205,630 101.92% CC0536 Inspection Services 2,660,618 253,056 2,111,064 549,554 79.34% 2,191,021 (79,957) 96.35% CC0602 Administrative Services 3,069,855 369,989 2,565,705 504,150 83.58% 3,066,024 (500,319) 83.68% CC0605 Emergency Management 404,656 46,781 221,074 183,582 54.63% 377,935 (156,861) 58.50% CC0634 City Council Services 249,313 13,748 190,609 58,704 76.45% 244,257 (53,648) 78.04% CC0635 City Secretary Services 1,546,421 129,682 1,436,514 109,907 92.89% 1,490,609 (54,095) 96.37% CC0638 General Government Contracts 11,018,633 634,408 11,681,884 (663,251) 106.02% 12,206,302 (524,418) 95.70% CC0654 Legal - - - - 0.00% 14,684 (14,684) 0.00% CC0655 Communications/Public Engagement 1,495,101 130,011 1,112,611 382,490 74.42% 1,401,791 (289,180) 79.37% CC0702 Police Administration 3,004,869 292,340 2,883,674 121,195 95.97% 2,926,634 (42,960) 98.53% CC0742 Police Operations 19,384,389 2,183,857 18,867,375 517,014 97.33% 18,906,407 (39,032) 99.79% CC0744 Animal Services 1,285,939 132,827 1,051,219 234,720 81.75% 1,056,754 (5,535) 99.48% CC0745 Code Compliance 694,086 70,157 624,861 69,225 90.03% 670,448 (45,588) 93.20% CC0802 Public Works 1,673,071 432,046 1,665,500 7,571 99.55% 1,608,086 57,413 103.57% CC0846 Streets 7,975,763 733,558 6,729,619 1,246,144 84.38% 7,249,643 (520,024) 92.83% CC0847 Transportation Planning 857,787 90,718 689,369 168,418 80.37% 935,870 (246,501) 73.66% Expense Total 118,022,874 11,643,222 111,354,725 6,668,149 94.35% 115,102,458 3,747,733 96.74%
Excess (Deficiency) of Total Revenue over Total Requirements (10,434,707) 4,543,274 245,649 10,680,356 -2.35% (5,676,265) 5,921,915 -4.33%
Ending Fund Balance 27,082,928 37,763,284 10,680,356 139.44% 31,841,370 5,921,915 118.60%
Reserves
MDF Reserve 1,700,000 - 3,200,000 3,200,000 188.24% 3,200,000 - 100.00% AFR Adjustment - - - - 0.00% (229,148) (229,148) 0.00% Benefit Payout Reserve 340,000 - 340,000 340,000 100.00% 340,000 - 100.00% Contingency Reserve 18,166,659 - 18,166,659 18,166,659 100.00% 18,166,659 - 100.00% Economic Stability Reserve 5,881,366 - 5,881,366 5,881,366 100.00% 5,881,366 - 100.00% Reserves Total 26,088,025 - 27,588,025 27,588,025 105.75% 27,358,877 (229,148) 100.84%
Estimated Operational Roll Forward - - 2,273,900 Tranfer to Garbage Fund 271,983
Available Fund Balance 994,903 - 7,629,376 6,634,473 766.85% 4,482,493 3,146,884 170.20%
10
Quarterly Financial Report
F FY2021 Quarterly Report
Expense by Cost Center:
General Fund
Quarterly Comparison: Q4 FY23 Budget FY2023
FY2023 Year-to-date:
Budget Vs. Actuals Year-End: Projections Vs. Actuals
FY2023 YTD Actuals:
Q4 FY23 Variance % of
Budget
Projections
FY2023
Variance
Fav/(Unfav)
% of
Projection
Planning
Personnel 2,056,100 1,571,802 484,298 76.45% 1,713,131 141,329 91.75%
Operations 1,613,009 542,755 1,070,254 33.65% 1,101,622 558,867 49.27%
Operating Capital - - - 0.00% - - 0.00%
Planning Total Expense 3,669,109 2,114,557 1,554,552 57.63% 2,814,753 700,196 75.12%
Library
Personnel 2,275,834 2,006,262 (169,309) 88.16% 2,070,180 63,918 96.91% Operations 1,439,658 1,377,491 (79,401) 95.68% 1,414,002 36,511 97.42%
Operating Capital 11,304 10,304 3,004 91.15% -(10,304) 0.00%
Library Total Expense 3,726,796 3,394,056 332,740 91.07% 3,484,182 90,126 97.41%
Parks Administration
Personnel 344,404 358,579 (14,175) 104.12% 330,085 (28,494) 108.63%
Operations 412,918 391,726 21,193 94.87% 407,152 15,427 96.21%
Parks Administration Total
Expense 757,322 750,304 7,018 99.07% 737,237 (13,068) 101.77%
Parks
Personnel 1,970,163 1,513,928 456,235 76.84% 1,644,909 130,981 92.04%
Operations 1,571,694 1,362,649 209,045 86.70% 1,493,546 130,897 91.24%
Operating Capital 5,000 5,139 (139) 102.78% -(5,139) 0.00%
Parks Total Expense 3,546,857 2,881,717 665,140 81.25% 3,138,455 256,738 91.82%
Recreation
Personnel 2,785,216 2,664,223 120,993 95.66% 2,576,357 (87,865) 103.41% Operations 2,508,521 2,531,645 (23,124) 100.92% 2,552,600 20,955 99.18%
Recreation Total Expense 5,293,737 5,195,868 97,869 98.15% 5,128,957 (66,911) 101.30%
Tennis Center
Personnel 287,685 256,887 30,798 89.29% 269,439 12,552 95.34%
Operations 289,594 266,236 23,358 91.93% 270,932 4,696 98.27%
Tennis Center Total Expense 577,279 523,123 54,156 90.62% 540,371 17,248 96.81%
Garey Park
Personnel 604,000 564,616 39,384 93.48% 584,330 19,714 96.63%
Operations 608,015 493,542 114,473 81.17% 564,297 70,755 87.46%
Operating Capital - - - 0.00% - - 0.00%
Garey Park Total Expense 1,212,015 1,058,158 153,857 87.31% 1,148,627 90,469 92.12%
Arts and Culture
Personnel 322,766 296,864 25,902 91.97% 310,766 13,903 95.53% Operations 127,680 104,252 23,428 81.65% 121,626 17,374 85.72%
Arts and Culture Total Expense 450,446 401,116 49,330 89.05% 432,392 31,276 92.77%
Municipal Court
Personnel 489,044 457,645 31,399 93.58% 462,192 4,547 99.02%
Operations 109,973 105,547 4,426 95.98% 110,043 4,496 95.91%
Municipal Court Total Expense 599,017 563,192 35,825 94.02% 572,235 9,044 98.42%
11
Quarterly Financial Report
F FY2021 Quarterly Report
Fire Support
Services/Administration
Personnel 2,811,182 3,442,294 (631,112) 122.45% 3,260,082 (182,212) 105.59% Operations 2,101,291 2,079,067 22,224 98.94% 2,115,196 36,129 98.29%
Operating Capital - - - 0.00% - - 0.00%
Fire Administration Total Expense 4,912,473 5,521,360 (608,887) 112.39% 5,375,278 (146,083) 102.72%
Fire Emergency Services Personnel 16,625,913 16,467,462 158,451 99.05% 16,293,394 (174,067) 101.07% Operations 3,177,993 2,700,120 477,873 84.96% 3,037,975 337,855 88.88%
Operating Capital 194,600 85,219 109,381 43.79% 205,600 120,381 41.45%
Fire Emergency Services Total Expense 19,998,506 19,252,801 745,705 96.27% 19,536,969 284,169 98.55%
EMS
Personnel 2,778,228 2,934,587 (156,359) 105.63% 3,034,750 100,162 96.70%
Operations 884,662 790,917 93,745 89.40% 861,200 70,283 91.84%
Operating Capital 47,585 32,933 14,652 69.21% 47,585 14,652 69.21%
EMS Total Expense 3,710,475 3,758,437 (47,962) 101.29% 3,943,535 185,098 95.31%
Inspection Services
Personnel 2,031,074 1,816,516 214,558 89.44% 1,874,886 58,370 96.89%
Operations 629,544 294,548 334,996 46.79% 316,135 21,587 93.17%
Inspection Services Total
Expense 2,660,618 2,111,064 549,554 79.34% 2,191,021 79,957 96.35%
Administrative Services
Personnel 2,172,309 2,103,470 68,839 96.83% 2,133,022 29,552 98.61%
Operations 890,905 456,134 434,771 51.20% 926,361 470,227 49.24%
Operating Capital 6,641 6,101 540 91.87% 6,641 540 91.87%
Administrative Services Total Expense 3,069,855 2,565,705 504,150 83.58% 3,066,024 500,319 83.68%
Emergency Management
Personnel 159,329 144,664 14,665 90.80% 148,619 3,955 97.34%
Operations 116,827 74,682 42,145 63.93% 117,764 43,082 63.42%
Operating Capital 128,500 1,728 126,772 1.35% 111,552 109,824 1.55%
Community Services Total
Expense 404,656 221,074 183,582 54.63% 377,935 156,861 58.50%
City Secretary
Personnel 800,688 762,207 38,481 95.19% 763,066 859 99.89%
Operations 745,733 674,307 71,426 90.42% 727,543 53,236 92.68%
City Secretary Total Expense 1,546,421 1,436,514 109,907 92.89% 1,490,609 54,095 96.37%
Communications/ Public
Engagement
Personnel 795,902 733,041 62,861 92.10% 759,787 26,746 96.48%
Operations 699,199 379,571 319,628 54.29% 642,004 262,433 59.12%
Communications Total Expense 1,495,101 1,112,611 382,490 74.42% 1,401,791 289,180 79.37%
Police Administration
Personnel 674,234 659,437 14,797 97.81% 660,377 941 99.86% Operations 2,330,635 2,224,237 106,398 95.43% 2,266,257 42,020 98.15%
Police Administration Total
Expense 3,004,869 2,883,674 121,195 95.97% 2,926,634 42,960 98.53%
12
Quarterly Financial Report
F FY2021 Quarterly Report Police Operations
Personnel 15,590,363 15,571,562 18,801 99.88% 15,567,776 (3,786) 100.02% Operations 3,482,043 3,166,296 315,748 90.93% 3,171,176 4,880 99.85%
Operating Capital 311,983 129,518 182,465 41.51% 167,455 37,937 77.34%
Police Operations Total Expense 19,384,389 18,867,375 517,014 97.33% 18,906,407 39,032 99.79%
Animal Services
Personnel 899,814 717,936 181,878 79.79% 714,114 (3,822) 100.54%
Operations 386,125 333,283 52,842 86.31% 342,640 9,357 97.27%
Animal Services Total Expense 1,285,939 1,051,219 234,720 81.75% 1,056,754 5,535 99.48%
Code Compliance
Personnel 567,908 492,009 75,899 86.64% 529,880 37,872 92.85%
Operations 126,178 132,852 (6,674) 105.29% 140,568 7,716 94.51%
Operating Capital - - - 0.00% - - 0.00%
Code Compliance Total
Expense 694,086 624,861 69,225 90.03% 670,448 45,588 93.20%
Public Works
Personnel 597,658 572,178 25,480 95.74% 585,149 12,971 97.78%
Operations 1,075,413 864,174 211,239 80.36% 1,022,937 158,763 84.48%
Transfers -229,148 (229,148) 0.00% -(229,148) 0.00%
Operating Capital -- - 0.00% --0.00%
Public Works Total Expense 1,673,071 1,665,500 7,571 99.55% 1,608,086 (57,413) 103.57%
Streets
Personnel 2,157,640 1,728,956 428,684 80.13% 1,753,585 24,629 98.60%
Operations 5,814,623 4,995,782 818,841 85.92% 5,496,058 500,276 90.90% Operating Capital 3,500 4,880 (1,380) 139.44% -(4,880) 0.00%
Streets Total Expense 7,975,763 6,729,619 1,246,144 84.38% 7,249,643 520,024 92.83%
Environmental Services
Personnel 188,660 178,960 9,700 94.86% 181,506 2,547 98.60%
Operations 10,856,575 10,730,066 126,509 98.83% 10,521,889 (208,177) 101.98%
Operating Capital 3,500 -3,500 0.00% - - 0.00%
Environmental Services Total
Expense 11,048,735 10,909,026 139,709 98.74% 10,703,395 (205,630) 101.92%
Non-Departmental
Transfers 3,199,606 3,199,931 (325) 100.01% 3,199,606 (325) 100.01%
Non-Departmental Total
Expense 3,199,606 3,199,931 (325)100.01% 3,199,606 (325)0.01%
General Government Contracts
Personnel (700,000) 173,307 (873,307) -24.76% 160,311 (12,996) 108.11%
Operations 11,673,633 11,508,577 165,056 98.59% 12,045,991 537,414 95.54%
Operating Capital 45,000 -45,000 0.00% - - 0.00%
General Government Contracts Total Expense 11,018,633 11,681,884 (663,251) 106.02% 12,206,302 524,418 95.70%
City Council Services
Personnel 173,696 149,982 23,714 86.35% 165,340 15,358 90.71%
Operations 75,617 40,627 34,990 53.73% 78,917 38,290 51.48%
City Council Services Total
Expense 249,313 190,609 58,704 76.45% 244,257 53,648 78.04%
13
Quarterly Financial Report
F FY2021 Quarterly Report
Transportation Planning
Personnel 326,262 399,445 (73,183) 122.43% 404,345 4,900 98.79%
Operations 531,525 289,925 241,600 54.55% 531,525 241,600 54.55%
Transportation Planning Total
Expense 857,787 689,369 168,418 80.37% 935,870 246,501 73.66%
Legal
Personnel - - - - 14,684 14,684 0.00%
Legal Total Expense - - - - 14,684 14,684 0.00%
General Fund Total Expense 118,022,874 111,354,725 6,668,149 94.35% 115,102,458 3,747,733 96.74%
14
Quarterly Financial Report
UTILITY FUNDS:
As part of the FY2023 budget development process, the utilities reviewed various initiatives to
improve resiliency to extreme weather, including those required by legislation. Both utilities
continue to refine cost of service studies to ensure that rates cover these resiliency efforts, the
growth pressure and infrastructure demand on the system, and financial targets for liquidity and
fixed cost coverage. Based on the updated water master plan and water cost of service study,
Council adopted the FY2023 budget, which includes water and wastewater rate increases.
Additional rate increases are necessary to fund capital projects, water resources, and inflationary
cost impacts. Council adopted rate increases for FY2024 of 13% across the board for water and
sewer. The Electric cost of service study is ongoing.
Electric Fund:
The City continues to employ several strategies to maintain the improved performance of the
Electric Fund in relation to past and current expenditures for purchased power contracts. These
strategies include reviewing rates, recovering the costs of new development, selling Renewable
Energy Credits (RECs), and contracting professional services for energy portfolio management and
risk oversight.
ELECTRIC REVENUE:
Operating revenue in the Electric Fund totals
$110,731,398 through the quarter, or 99.98% of
budget. Electric sales revenue, the largest
component of operating revenue, has brought in
$91,457,317 through the quarter, totaling 101.04% of
Electric charges budget. Year-to-date Adjusted
meter load (AML) is up approximately 6%
compared to last fiscal year. Q4 AML is up 14%
compared to Q4 of last fiscal year. Renewable
Energy Credit Sales, located in the fees category,
has not seen prices as favorable as last fiscal year.
Developer contributions were budgeted at
$11,600,000. Through the end of the quarter,
collections total $10,025,989, or 86.43% of budget.
Developer contributions drive the need for utility infrastructure. There is a decrease in developer
contributions revenue compared to the same period of the prior year. For the current fiscal year,
developer contributions were conservatively budgeted because of the unknown economic impact
of inflation and other economic factors.
Within the Fee category, the Renewable Energy Credit (REC) revenue budget is $3,082,821. REC
sales total $2,601,977, or 84.40% of budget through the quarter.
K
5.0M
10.0M
15.0M
20.0M
25.0M
30.0M
35.0M
Q1 Q2 Q3 Q4
Electric Fund: Electric
Sales Charges
FY2021 FY2022 FY2023
15
Quarterly Financial Report
Electric Services
Quarterly Comparison: Q4 FY23 Budget FY2023 FY2023 Year-to-date: Budget Vs. Actuals Quarterly Comparison
FY2023 YTD Actuals: Q4 FY23 Variance % of Budget Variance % Variance
Operating Revenue
40002:Sales Taxes 5,500 7,260 1,760 132.00% 390 5.68%
41002:Penalties 630,000 865,557 235,557 137.39% 27,389 3.27%
42001:Interest Income 45,000 1,540,317 1,495,317 3422.93% 1,271,468 472.93%
43001:Fees 4,878,866 3,755,104 (1,123,762) 76.97% (788,970) -17.36%
43003:Permits - - -0.00% -0.00%
43004:Administrative
Charges 3,079,852 3,079,852 -100.00% (459,860) -12.99%
43601:Electric Sales Charges 90,511,753 91,457,317 945,564 101.04% 4,579,665 5.27%
44502:Developer
Contributions 11,600,000 10,025,989 (1,574,011) 86.43% (819,209) -7.55%
Operating Revenue Total 110,750,971 110,731,398 (19,573) 99.98% 3,810,873 3.56%
Non-Operating Revenue
45001:Misc Revenue 37,748 248,945 211,197 659.49% 54,140 27.79%
45003:Misc
Reimbursements - 7,569 7,569 0.00% 2,095 38.26%
45004:Sale of Property - 22,518 22,518 0.00% (70,359) -75.76%
44001:Grant Revenue - - -0.00% (339,612) -100.00%
46001:Bond Proceeds 15,750,000 14,350,000 (1,400,000) 91.11% (3,645,000) -20.26%
46002:Bond Premium - 1,242,342 1,242,342 0.00% (402,242) -24.46%
Non-Operating Revenue Total 15,787,748 15,871,373 83,625 100.53% (4,400,979) -21.71%
Revenue Total 126,538,719 126,602,771 64,052 100.05% (590,105) -0.46%
The budget for non-operating revenue totals $15,787,748 in FY2023. As part of the annual debt
process, the City recognized bond proceeds in the spring to cover the costs of capital infrastructure
and equipment. These bond proceeds are reflected in the fourth quarter report. Year-to-date non-
operating revenue totals $15,871,373, or 100.53% of budget.
16
Quarterly Financial Report
FY2023 REVENUE PROJECTIONS:
Electric Services
Quarterly Comparison:
Q4 FY23 Budget FY2023
FY2023 Year-to-date:
Budget Vs. Actuals Year-End: Projections Vs. Actuals
FY2023 YTD Actuals:
Q4 FY23 Variance % of
Budget
Projections
FY2023
Variance
Fav/(Unfav)
% of
Projection
Operating Revenue
40002:Sales Taxes 5,500 7,260 1,760 132.00% 6,870 390 105.68%
41002:Penalties 630,000 865,557 235,557 137.39% 630,000 235,557 137.39%
42001:Interest Income 45,000 1,540,317 1,495,317 3422.93% 903,000 637,317 170.58%
43001:Fees 4,878,866 3,755,104 (1,123,762) 76.97% 4,499,876 (744,772) 83.45% 43003:Permits - - -0.00% 91,330 (91,330) 0.00% 43004:Administrative Charges 3,079,852 3,079,852 -100.00% 3,079,852 -100.00% 43601:Electric Sales Charges 90,511,753 91,457,317 945,564 101.04% 89,854,772 1,602,545 101.78% 44502:Developer
Contributions 11,600,000 10,025,989 (1,574,011) 86.43% 11,600,000 (1,574,011) 86.43%
Operating Revenue Total 110,750,971 110,731,398 (19,573) 99.98% 110,665,700 65,698 100.06%
Non-Operating Revenue
45001:Misc Revenue 37,748 248,945 211,197 659.49% 95,450 153,495 260.81%
45003:Misc
Reimbursements - 7,569 7,569 0.00% -7,569 0.00%
45004:Sale of Property - 22,518 22,518 0.00% 12,000 10,518 187.65%
44001:Grant Revenue - - -0.00% 255,775 (255,775) 0.00%
46001:Bond Proceeds 15,750,000 14,350,000 (1,400,000) 91.11% 14,350,000 -100.00%
46002:Bond Premium - 1,242,342 1,242,342 0.00% 1,242,341 1 100.00%
Non-Operating Revenue
Total 15,787,748 15,871,373 83,625 100.53% 15,955,566 (84,193) 99.47%
Revenue Total 126,538,719 126,602,771 64,052 100.05% 126,621,266 (18,495) 99.99%
Total revenues are projected to end FY2023 at $126,621,266. Through the quarter, actuals are
$126,602,771, or 99.99% of total year-end projections, a variance of $(18,495).
17
Quarterly Financial Report
ELECTRIC EXPENSES:
Operating expenses in the Electric Fund total $96,216,983 through the quarter. Year-to-date
purchase power expenses total $65,490,845 while Net congestion revenue rights (CRRs) credits
total $1,517,277. The City continues to use a hedging strategy for the winter and summer months to
avoid price spikes in the market. The City was adequately hedged (compliant with the hedging
policy) for the extreme cold temperatures for December 22 – 24, 2022. Actual peak demand
exceeded forecasts which required additional purchases. The total power costs for this event was
$1M over budget. The City adjusted the Purchase Power budget as part of the mid-year
amendment in May to account for the increase in costs. The summer months of June, July, August,
and September were extremely hot and dry. Additional power was purchased to meet demand.
Total power costs are anticipated to end the year under budget by $2,761,358.
In light of the economic impact on development, staff reconciled all outstanding accounts
receivable from new development. Approximately $913,148 was written off.
Electric Engineering and Transmission and Distribution (T&D) cost centers look inflated due to the
capitalization of labor being budgeted in capital expense while the actuals are booked to the
operating budget. The labor will be capitalized to the appropriate capital improvement project on
the final year-end financial statements.
Electric Services
Quarterly Comparison: Q4 FY23 Budget FY2022 FY2023 FY2023 Year-to-date: Budget Vs. Actuals Quarterly Comparison
FY2023 YTD Actuals:
Q4 FY22
YTD Actuals:
Q4 FY23 Variance % of Budget Variance % Variance
Operating Expense CC0001 Non-Departmental 6,635,000 6,182,472 7,240,631 (605,631) 109.13% (1,058,158) 17.12% CC0521 Operational
Technology 2,302,363 1,084,791 1,790,793 511,570 77.78% (706,002) 65.08%
CC0522 Electric Administration 10,802,539 9,809,523 10,744,411 58,128 99.46% (934,889) 9.53% CC0523 Electric Safety and
Employee Development 550,038 288,789 316,154 233,884 57.48% (27,366) 9.48%
CC0524 Metering Services - 1,725,432 - - 0.00% 1,725,432 -100.00% CC0525 T&D Services 2,252,885 4,021,384 4,474,891 (2,222,006) 198.63% (453,507) 11.28% CC0537 Electric Resource
Management 69,969,249 65,577,008 67,207,891 2,761,358 96.05% (1,630,883) 2.49%
CC0555 Electric Systems Operations 2,227,004 1,974,273 2,070,277 156,727 92.96% (96,004) 4.86% CC0557 Electrical
Engineering 1,807,245 1,977,964 2,371,934 (564,690) 131.25% (393,971) 19.92%
Operating Expense Total 96,546,323 92,641,636 96,216,983 329,339 99.66% (3,575,348) 3.86%
Non-Operating Expense CC0001 Non-Departmental 11,327,692 9,914,375 11,155,017 172,675 98.48% (1,240,641) 12.51%
CC0557 Electrical
Engineering 32,606,732 7,815,946 12,003,050 20,603,682 36.81% (4,187,104) 53.57%
Non-Operating Expense Total 43,934,424 17,730,321 23,158,067 20,776,357 52.71% (5,427,746) 30.61%
Expense Total 140,480,747 110,371,957 119,375,050 21,105,696 84.98% (9,003,093) 8.16%
The Electric department reorganized several personnel and operating expenses between cost
centers and created new cost centers as part of the development of the FY2023 budget. These
changes as well as employee reorganizations result in some variances compared to the same
quarter the prior year.
18
Quarterly Financial Report
Non-operating expenditures are budgeted at $43,934,424 in FY2023. Budgeted non-operating
expenditures include $32,606,732 for capital projects and $11,327,692 for debt service payments. The
FY2023 Capital Project Roll Forward amendment included $16,991,141 million of active projects.
These encumbrances combined with increased New Development, shows an accelerated CIP
spending in Electric Engineering compared to the previous year. In order to keep up with new
development CIP related projects, staff amended the Electric CIP budget as part of the roll forward
budget amendment. As previously mentioned, a significant portion of labor expenses for capital
projects will be journaled at the end of the fiscal year, bringing operations and capital expense in
balance with their budgets.
The Electric Fund met all the fund’s below line reserve requirements in FY2023. The contingency
requirements include the 90-day operating contingency as well as the non-operating contingency
reserve to align with industry standards and bond rating requirements, The 90-day operating
contingency is $3,882,758, a non-operating reserve totaling $7,199,718, reserve for transformer
of $4,069,154, as well as a rate stabilization reserve in the amount of $25,600,000. In FY2024, the
City will continue to review Electric cost of service in light of increased capital costs, potential
changes in net metering, potential changes in the ERCOT market design, and updated timelines
to new industrial loads.
FY2023 EXPENSE PROJECTIONS:
Total expenses are projected to end FY2023 at $139,125,851. Through the quarter, actual expenses
are 85.80% of total projections.
Electric Services Quarterly Comparison: Q4 FY23 Budget FY2023 FY2023 Year-to-date: Budget Vs. Actuals Year-End: Projections Vs. Actuals
FY2023 YTD Actuals:
Q4 FY23 Variance % of Budget Projections
2023
Variance
Fav/(Unfav)
% of
Projections
Operating Expense CC0001 Non-Departmental 6,635,000 7,240,631 (605,631) 109.13% 6,560,000 (680,631) 110.38% CC0521 Operational
Technology 2,302,363 1,790,793 511,570 77.78% 2,013,619 222,826 88.93%
CC0522 Electric Administration 10,802,539 10,744,411 58,128 99.46% 11,070,020 325,609 97.06% CC0523 Electric Safety and
Employee Development 550,038 316,154 233,884 57.48% 341,564 25,410 92.56%
CC0524 Metering Services - - - 0.00% - - 0.00% CC0525 T&D Services 2,252,885 4,474,891 (2,222,006) 198.63% 2,209,348 (2,265,544) 202.54% CC0537 Electric Resource
Management 69,969,249 67,207,891 2,761,358 96.05% 69,969,249 2,761,358 96.05%
CC0555 Electric Systems Operations 2,227,004 2,070,277 156,727 92.96% 2,129,791 59,514 97.21% CC0557 Electrical
Engineering 1,807,245 2,371,934 (564,690) 131.25% 897,836 (1,474,099) 264.18%
Operating Expense Total 96,546,323 96,216,983 329,339 99.66% 95,191,427 (1,025,557) 101.08%
Non-Operating Expense CC0001 Non-Departmental 11,327,692 11,155,017 172,675 98.48% 11,327,692 172,675 98.48%
CC0557 Electrical
Engineering 32,606,732 12,003,050 20,603,682 36.81% 32,606,732 20,603,682 36.81%
Non-Operating Expense Total 43,934,424 23,158,067 20,776,357 52.71% 43,934,424 20,776,357 52.71%
Expense Total 140,480,747 119,375,050 21,105,696 84.98% 139,125,851 19,750,800 85.80%
19
Quarterly Financial Report
Fund Schedule:
Electric Services
Period: Sep-23 Budget Current Period FY2023 Year-End: Projections Vs. Actuals
FY2023 Sep-23 YTD Actuals: Q4
FY2023 Variance % of Budget Projections Variance
Fav/(Unfav)
% of
Projection Beginning Fund Balance 56,529,870 56,529,870 - 100.00% 56,529,870 - 100.00%
Operating Revenue
40002:Sales Taxes 5,500 894 7,260 1,760 132.00% 6,870 390 105.68% 41002:Penalties 630,000 157,174 865,557 235,557 137.39% 630,000 235,557 137.39% 42001:Interest Income 45,000 201,829 1,540,317 1,495,317 3422.93% 903,000 637,317 170.58% 43001:Fees 4,878,866 1,006,070 3,755,104 (1,123,762) 76.97% 4,499,876 (744,772) 83.45% 43003:Permits - - - - 0.00% 91,330 (91,330) 0.00% 43004:Administrative Charges 3,079,852 769,963 3,079,852 - 100.00% 3,079,852 - 100.00%43601:Electric Sales Charges 90,511,753 8,481,632 91,457,317 945,564 101.04% 89,854,772 1,602,545 101.78% 44502:Developer Contributions 11,600,000 (25,624) 10,025,989 (1,574,011) 86.43% 11,600,000 (1,574,011) 86.43%
Total Operating Revenue 110,750,971 10,591,936 110,731,398 (19,573) 99.98% 110,665,700 65,698 100.06%
Operating Expense
CC0001 Non-Departmental 6,635,000 1,250,631 7,240,631 (605,631) 109.13% 6,560,000 (680,631) 110.38% CC0521 Operational Technology 2,302,363 164,080 1,790,793 511,570 77.78% 2,013,619 222,826 88.93%
CC0522 Electric Administration 10,802,539 1,070,722 10,744,411 58,128 99.46% 11,070,020 325,609 97.06% CC0523 Electric Safety and
Employee Development 550,038 53,157 316,154 233,884 57.48% 341,564 25,410 92.56% CC0524 Metering Services - - - - 0.00% - - 0.00% CC0525 T&D Services 2,252,885 748,299 4,474,891 (2,222,006) 198.63% 2,209,348 (2,265,544) 202.54%
CC0537 Electric Resource Management 69,969,249 4,281,774 67,207,891 2,761,358 96.05% 69,969,249 2,761,358 96.05% CC0555 Electric Systems
Operations 2,227,004 252,614 2,070,277 156,727 92.96% 2,129,791 59,514 97.21% CC0557 Electrical Engineering 1,807,245 198,500 2,371,934 (564,690) 131.25% 897,836 (1,474,099) 264.18% Total Operating Expense 96,546,323 8,019,776 96,216,983 329,339 99.66% 95,191,427 (1,025,557) 101.08%
Net Operations Total 14,204,648 14,514,414 (348,913) 102.18% 15,474,273 (959,859) 93.80%
Non-Operating Revenue
45001:Misc Revenue 37,748 171,945 248,945 211,197 659.49% 95,450 153,495 260.81% 45003:Misc Reimbursements - 7,569 7,569 7,569 0.00% - 7,569 0.00% 45004:Sale of Property - 6,962 22,518 22,518 0.00% 12,000 10,518 187.65% 44001:Grant Revenue - (255,775) - - 0.00% 255,775 (255,775) 0.00% 46001:Bond Proceeds 15,750,000 - 14,350,000 (1,400,000) 91.11% 14,350,000 - 100.00%46002:Bond Premium - - 1,242,342 1,242,342 0.00% 1,242,341 1 100.00%
Total Non-Operating Revenue 15,787,748 (69,298) 15,871,373 83,625 100.53% 15,955,566 (84,193) 99.47%
Non-Operating Expense CC0001 Non-Departmental 11,327,692 - 11,155,017 172,675 98.48% 11,327,692 172,675 98.48% CC0557 Electrical Engineering 32,606,732 2,093,277 12,003,050 20,603,682 36.81% 32,606,732 20,603,682 36.81% Total Non-Operating Expense 43,934,424 2,093,277 23,158,067 20,776,357 52.71% 43,934,424 20,776,357 52.71%
Excess (Deficiency) of Total Revenue over Total Requirements (13,942,028) 409,585 7,227,720 21,169,748 -51.84% (12,504,585) 19,732,305 -57.80%
Ending Fund Balance 42,587,842 63,757,590 21,169,748 149.71% 44,025,285 19,732,305 144.82%
Reserves Rate Stabilization 25,600,000 25,600,000 - 100.00% 25,600,000 - 100.00%Non-Operating Reserve 7,199,718 7,199,718 - 100.00% 7,199,718 - 100.00%Operating Contingency Reserve 3,882,758 3,882,758 - 100.00% 3,882,758 - 100.00%Transformer Reserve 4,069,154 4,069,154 - 100.00% 4,069,154 - 100.00%
Reserves Total 40,751,630 40,751,630 - 100.00% 40,751,630 - 100.00%
Estimated Operational Roll Forward 16,991,141
Available Fund Balance 1,836,212 6,014,819 4,178,607 327.57% 3,273,655 2,741,164 183.73%
20
Quarterly Financial Report
FY2021 Quarterly Report Water Fund:
WATER REVENUE: FY2021 Quarterly ReportF
Year-to-date Operating revenue totals $215,954,946, or 169.21% of budget. The largest revenue
streams in the Water Fund are charges for services for water, wastewater, and irrigation use and
impact fees. Through the quarter, Water Charges total $54,014,993, which is 106.90% of budget.
Year-to-date, Wastewater Charges are $20,800,231, or 100.08% of budget. Irrigation Charges for
non-potable water totals $1,074,215 for the quarter, or 232.35% of budget. The large increase is
mainly a product of the UMAX 365 upgrade which allows the City to run a report and accrue back
irrigation revenue. Additionally, reuse water did not have water restrictions as irrigation
customers during Stage 3 water restrictions in the hot summer months. Increases in number of
meters and customers as well as a rate increase effective October 1, 2022, have proven to
significantly increase year-to-date revenues for the Water Fund to support operations and future
infrastructure needs.
Transfers in for the quarter totals $70,485,990. Transfers represent an offsetting interfund transfer
from the development impact fee “child” fund to the water capital project “child” fund for impact
fee eligible projects. To be conservative, staff make these transfers mid-year, after the prior years
actuals impact fee revenue has be reconciled.
The budget for Impact Fees for the fiscal year is $44,800,000. Through the quarter, impact fee
revenues total $43,093,825, or 96.19% of budget. The decrease in impact fees from previous fiscal
years is attributed to a slowdown related to the macro-economy. Impact fees are used for
funding capital infrastructure approved in the impact fee plan. They may be used as a cash
equivalent, or to repay debt service for impact fee eligible projects. Staff continues to monitor
impact fee revenue as it is heavily driven by development.
Interesting earnings total $18,065,497 through the year. This is $17,594,978 over the budget
amount. The City continues to benefit from the increase in interest rates. Interest earnings
related to bond proceeds are reserved below line because they can only be used on eligible
projects or, to offset future debt issuance amounts for those projects.
K
5.0M
10.0M
15.0M
20.0M
25.0M
FY2021 FY2022 FY2023 FY2021 FY2022 FY2023 FY2021 FY2022 FY2023 FY2021 FY2022 FY2023
Q1 Q2 Q3 Q4
Water Charges
Water Wastewater Irrigation
21
Quarterly Financial Report
F
FY2021 Quarterly Report
FY2021 Quarterly Report
Water
Quarterly Comparison: Q4 FY23 Budget FY2022 FY2023 FY2023 Year-to-date: Budget Vs. Actuals Quarterly Comparison
FY2023 YTD Actuals:
Q4 FY22
YTD Actuals:
Q4 FY23 Variance % of Budget Variance % Variance
Operating Revenue
41002:Penalties 440,000 690,755 819,865 379,865 186.33% 129,110 18.69% 42001:Interest Income 470,519 2,501,288 18,065,497 17,594,978 3839.48% 15,564,209 622.25%
43001:Fees 9,625,640 9,450,416 5,945,193 (3,680,447) 61.76% (3,505,224) -37.09%
43003:Permits - - (1,000) (1,000) 0.00% (1,000) 0.00%
43005:Rental Revenue 60,000 118,371 21,901 (38,099) 36.50% (96,471) -81.50% 43602:Water Charges 50,530,586 47,350,048 54,014,993 3,484,407 106.90% 6,664,944 14.08%
43603:Wastewater
Charges 20,784,153 17,008,845 20,800,231 16,078 100.08% 3,791,385 22.29%
43604:Irrigation Charges 462,329 533,351 1,074,215 611,886 232.35% 540,864 101.41% 41602:Impact Fees 44,800,000 46,909,832 43,093,825 (1,706,175) 96.19% (3,816,007) -8.13% 44502:Developer
Contributions 450,000 613,072 1,634,237 1,184,237 363.16% 1,021,165 166.57%
70001:Transfers In - 1,708,369 70,485,990 70,485,990 0.00% 68,777,622 4125.92%
Operating Revenue Total 127,623,227 126,884,348 215,954,946 88,331,719 169.21% 89,070,599 70.20%
Non-Operating Revenue
45001:Misc Revenue 1,380,998 1,537,630 1,499,427 118,429 108.58% (38,203) -2.48% 45002:Insurance Proceeds - - 151,300 151,300 0.00% 151,300 0.00% 45003:Misc
Reimbursements - 113 1,454 1,454 0.00% 1,342 1192.77%
44001:Grant Revenue 7,000,000 304,745 - (7,000,000) 0.00% (304,745) -100.00% 44504:Donations - - 1,740 1,740 0.00% 1,740 0.00% 46001:Bond Proceeds 97,385,000 202,385,000 90,845,000 (6,540,000) 93.28% (111,540,000) -55.11%
46002:Bond Premium - 12,759,165 7,528,998 7,528,998 0.00% (5,230,167) -40.99%
Non-Operating Revenue
Total 105,765,998 216,986,652 100,027,920 (5,738,078) 94.57% (116,958,732) -53.90% Revenue Total 233,389,225 343,871,000 315,982,866 82,593,641 135.39% (27,888,134) -8.11%
Total Water Fund operating revenue is up
70.20% compared to the same period in the
previous fiscal year due to growth in sales and
interest earnings, as well as due to timing of
the impact fee transfers. Due to timing of the
system upgrade, consumption reporting is
being validated and is not ready at the time
this report was produced.
June through September were very hot and
dry resulting in increased demand for
irrigation. In August, the City issued Stage 3
water restrictions to customers in the South
Western service area to protect system
K
200K
400K
600K
800K
1.0M
1.2M
WATER FUND:
CONSUMPTION (KGALS)
FY2020 FY2021 FY2022 FY2023
22
Quarterly Financial Report
F
FY2021 Quarterly Report
FY2021 Quarterly Report
pressure and provide clean drinking water. The City worked to bring in additional water from
Leander and to complete the Southside treatment plant rehabilitation project. Stage 3 water
restrictions were lifted on September 29, 2023.
The budget for non-operating revenue totals $105,765,998 in FY2023. This total includes bond
proceeds for capital projects in the amount of $97,385,000. The majority of this is for the
Southlake Treatment Plant, System Resiliency, Pecan Branch Wastewater Treatment Plant, and
the San Gabriel Wastewater Treatment Plant. In addition to bond proceeds, $48,740,000 of
impact fees was dedicated for use on eligible projects in FY2023.
The cost-of-service study continues to be evaluated for current and future needs of the water
fund. The FY2023 budget included an 11.5% increase in rates across all customer classes. The
increase was necessary to pay for the debt service and operating costs of new infrastructure as
well as to rehabilitate existing wastewater infrastructure. Additional rate increases are expected
over the next 3 – 5 years to meet demand for capital infrastructure. The Council recently adopted
increases to water and wastewater impact fees to offset capital costs. The FY2024 budget
adopted a 13% across the board rate increase to continue the investment in system resiliency and
rehab the more than 30-year-old wastewater treatment plants. Staff are reviewing rate increases
necessary to support the approved Groundwater Reservation agreement, and the eventual
Groundwater Supply Agreement.
23
Quarterly Financial Report
F
FY2021 Quarterly Report
FY2021 Quarterly Report FY2023 REVENUE PROJECTIONS:
Water
Quarterly Comparison: Q4
FY23 Budget FY2023
FY2023 Year-to-date:
Budget Vs. Actuals Year-End: Projections Vs. Actuals
FY2023 YTD Actuals:
Q4 FY23 Variance % of Budget Projections
FY2023
Variance
Fav/(Unfav)
% of
Projections
Operating Revenue 41002:Penalties 440,000 819,865 379,865 186.33% 723,000 96,865 113.40% 42001:Interest Income 470,519 18,065,497 17,594,978 3839.48% 12,510,000 5,555,497 144.41%
43001:Fees 9,625,640 5,945,193 (3,680,447) 61.76% 6,188,820 (243,627) 96.06%
43003:Permits - (1,000) (1,000) 0.00% - (1,000) 0.00% 43005:Rental Revenue 60,000 21,901 (38,099) 36.50% 30,000 (8,099) 73.00% 43602:Water Charges 50,530,586 54,014,993 3,484,407 106.90% 53,847,000 167,993 100.31%
43603:Wastewater Charges 20,784,153 20,800,231 16,078 100.08% 19,000,000 1,800,231 109.47%
43604:Irrigation Charges 462,329 1,074,215 611,886 232.35% 500,000 574,215 214.84% 41602:Impact Fees 44,800,000 43,093,825 (1,706,175) 96.19% 44,800,000 (1,706,175) 96.19% 44502:Developer
Contributions 450,000 1,634,237 1,184,237 363.16% 1,700,000 (65,763) 96.13%
70001:Transfers In - 70,485,990 70,485,990 0.00% 73,625,708 (3,139,718) 95.74%
Operating Revenue Total 127,623,227 215,954,946 88,331,719 169.21% 212,924,528 3,030,418 101.42%
Non-Operating Revenue
45001:Misc Revenue 1,380,998 1,499,427 118,429 108.58% 1,402,218 97,209 106.93%
45002:Insurance Proceeds - 151,300 151,300 0.00% - 151,300 0.00% 45003:Misc Reimbursements - 1,454 1,454 0.00% - 1,454 0.00%
44001:Grant Revenue 7,000,000 - (7,000,000) 0.00% - - 0.00%
44504:Donations - 1,740 1,740 0.00% - 1,740 0.00% 46001:Bond Proceeds 97,385,000 90,845,000 (6,540,000) 93.28% 90,845,000 - 100.00%46002:Bond Premium - 7,528,998 7,528,998 0.00% 7,528,998 (0) 100.00%
Non-Operating Revenue Total 105,765,998 100,027,920 (5,738,078) 94.57% 99,776,216 251,704 100.25%
Revenue Total 233,389,225 315,982,866 82,593,641 135.39% 312,700,744 3,282,122 101.05%
With a prolonged hot and dry summer, sales revenues were projected to exceed the budget. Total
revenues were projected to end FY2023 at $312,700,744. Through the quarter, actuals are 101.05%
of total projections, or $315,982,866.
24
Quarterly Financial Report
F
FY2021 Quarterly Report
FY2021 Quarterly Report WATER EXPENSES:
Operating expenditures in the Water Fund total $135,371,809 through the quarter, or 160.84% of
budget. Operating expenditures in FY2023 are 139.90% greater than the same period in FY2022.
This is primarily due to the rising costs of raw water, chemicals, and the unbudgeted transfer of
impact fees from the impact fee fund to the water project fund. As mentioned previously, the
transfer is offset with a transfer in while the actual capital expense is budgeted in non-operating
expenses.
Water Services Financial Report
Quarterly Comparison: Q4 FY23 Budget FY2022 FY2023
FY2023 Year-to-date:
Budget Vs. Actuals Quarterly Comparison
FY2023 YTD Actuals: Q4 FY22 YTD Actuals: Q4 FY23 Variance % of Budget Variance % Variance
Operating Expense CC0001 Non-Departmental 7,065,896 5,719,488 7,336,237 (270,341) 103.83% (1,616,749) 28.27%
CC0524 Metering Services 2,887,914 10,273 2,340,042 547,872 81.03% (2,329,769) 22679.65%
CC0526 Systems Engineering 409,970 - - 409,970 0.00% - 0.00%CC0527 Water Services Administration 39,613,348 29,665,861 34,045,902 5,567,445 85.95% (4,380,041) 14.76%
CC0528 Water Distribution 10,534,677 4,995,810 70,024,485 (59,489,808) 664.70% (65,028,674) 1301.66%
CC0529 Water Plant
Management 6,484,250 4,449,761 4,391,971 2,092,280 67.73% 57,790 -1.30% CC0530 Wastewater
Operations 2,631,957 1,197,756 4,990,060 (2,358,103) 189.60% (3,792,304) 316.62%
CC0531 Wastewater Plant
Management 6,750,413 4,732,836 5,113,070 1,637,343 75.74% (380,234) 8.03% CC0532 Irrigation Operations 478,150 224,688 347,208 130,942 72.61% (122,520) 54.53%
CC0535 Water Conservation 1,539,423 554,140 1,179,411 360,012 76.61% (625,271) 112.84%
CC0553 Water Operations 5,768,690 4,877,340 5,603,423 165,267 97.14% (726,082) 14.89%
Operating Expense Total 84,164,687 56,427,953 135,371,809 (51,207,122) 160.84% (78,943,856) 139.90%
Non-Operating Expense
CC0001 Non-Departmental 1,323,000 2,053,331 986,746 336,254 74.58% 1,066,585 -51.94%
CC0526 Systems Engineering 449,092,830 28,171,971 101,763,015 347,329,814 22.66% (73,591,044) 261.22%
CC0532 Irrigation Operations 79,743 120,779 79,693 50 99.94% 41,086 -34.02% CC0530 Wastewater
Operations 3,353,674 3,127,605 3,485,271 (131,597) 103.92% (357,666) 11.44%
CC0528 Water Distribution - - 290,133 (290,133) 0.00% (290,133) 0.00%
CC0553 Water Operations 25,269,678 5,249,670 18,559,998 6,709,680 73.45% (13,310,328) 253.55% CC0524 Metering Services 7,750,000 - 725,186 7,024,814 9.36% (725,186) 0.00%
Non-Operating Expense Total 486,868,925 38,723,356 125,890,042 360,978,883 25.86% (87,166,686) 225.10%
Expense 571,033,612 95,151,310 261,261,851 309,771,761 84.34% (166,110,541) 174.58%
Non-operating expense are budgeted at $486,868,925 in FY2023. Expenses total $125,890,042 or
25.86% of budget through the quarter. The majority of the non-operating expense funds were
dedicated to construction of capital improvement projects which were not completed in FY2022.
These funds were re-appropriated in FY2023 as the treatment plant, distribution, metering and
weather resiliency projects will take multiple years to complete. Actuals fell short of budget due
to the timing of projects. Funds will be a part of the Roll Forward amendment that goes to
Council in early 2024, and included in the FY2024 budget.
25
Quarterly Financial Report
F
FY2021 Quarterly Report
FY2021 Quarterly Report FY2023 EXPENSE PROJECTIONS:
Water Services Financial Report
Quarterly Comparison: Q4 FY23 Budget FY2023 FY2023 Year-to-date: Budget Vs. Actuals Year End: Projections Vs. Actuals
FY2023 YTD Actuals:
Q4 FY23 Variance % of
Budget
Projections
FY2023
Variance
Fav/(Unfav)
% of
Projection
Operating Expense
CC0001 Non-Departmental 7,065,896 7,336,237 (270,341) 103.83% 8,019,074 682,837 91.48% CC0524 Metering Services 2,887,914 2,340,042 547,872 81.03% 3,245,050 905,008 72.11% CC0526 Systems Engineering 409,970 - 409,970 0.00% 409,970 409,970 0.00%
CC0527 Water Services
Administration 39,613,348 34,045,902 5,567,445 85.95% 36,728,395 2,682,492 92.70% CC0528 Water Distribution 10,534,677 70,024,485 (59,489,808) 664.70% 78,528,705 8,504,220 89.17% CC0529 Water Plant
Management 6,484,250 4,391,971 2,092,280 67.73% 6,051,033 1,659,063 72.58%
CC0530 Wastewater Operations 2,631,957 4,990,060 (2,358,103) 189.60% 2,937,148 (2,052,912) 169.89% CC0531 Wastewater Plant
Management 6,750,413 5,113,070 1,637,343 75.74% 6,709,942 1,596,872 76.20%
CC0532 Irrigation Operations 478,150 347,208 130,942 72.61% 482,668 135,460 71.94% CC0535 Water Conservation 1,539,423 1,179,411 360,012 76.61% 1,490,030 310,619 79.15% CC0553 Water Operations 5,768,690 5,603,423 165,267 97.14% 5,402,100 (201,323) 103.73%
Operating Expense Total 84,164,687 135,371,809 (51,207,122) 160.84% 150,004,116 14,632,307 90.25%
Non-Operating Expense CC0001 Non-Departmental 1,323,000 986,746 336,254 74.58% 1,323,000 336,254 74.58% CC0526 Systems Engineering 449,092,830 101,763,015 347,329,814 22.66% 449,092,830 347,329,815 22.66%
CC0532 Irrigation Operations 79,743 79,693 50 99.94% 79,743 50 99.94%
CC0530 Wastewater Operations 3,353,674 3,485,271 (131,597) 103.92% 3,353,674 (131,597) 103.92% CC0528 Water Distribution - 290,133 (290,133) 0.00% - (290,133) 0.00%
CC0553 Water Operations 25,269,678 18,559,998 6,709,680 73.45% 25,269,678 6,709,680 73.45%
CC0524 Metering Services 7,750,000 725,186 7,024,814 9.36% 7,750,000 7,024,814 9.36%
Non-Operating Expense Total 486,868,925 125,890,042 360,978,883 25.86% 486,868,925 360,978,883 25.86%
Expense 571,033,612 261,261,851 309,771,761 84.34% 636,873,041 375,611,190 41.02%
Expenses were projected to end FY2023 at $636,873,041. Through the quarter, actual expenses are
41.02% of total projections. Many large multi-year capital project encumbrances and project
balances will roll forward into FY2024.
The Water Fund met all the fund’s below line reserve requirements in FY2023. Contingency
requirements include a 90-day operating contingency of $11,697,446, a non-operating reserve
of $10,579,391, and an Impact Fee reserve of $33,518,865.
In August, the City entered into a Groundwater Reservation Agreement with EPCOR. The annual
fee is approximately $6 million. The City will use available water fund balance to cover the fee
expense while exploring regional partnerships. Additional rate increases related to the
agreement may be proposed during FY2024.
26
Quarterly Financial Report
F
FY2021 Quarterly Report
FY2021 Quarterly Report
Fund Schedule:
Water Services
Period: Sep-23 Budget Current Period FY2023 FY2023 Year-to-date: Budget Vs. Actuals Year-End: Projections Vs Actuals
FY2023 Sep-23 YTD Actuals: Q3 FY23 Variance % of Budget Projections FY2023 Variance Fav/(Unfav) % of Projection
Beginning Fund Balance 423,824,302 423,824,302 - 100.00% 423,824,302 - 100.00%
Operating Revenue 41002:Penalties 440,000 90,924 819,865 379,865 186.33% 723,000 96,865 13.40% 42001:Interest Income 470,519 2,187,277 18,065,497 17,594,978 3839.48% 12,510,000 5,555,497 144.41% 43001:Fees 9,625,640 391,578 5,945,193 (3,680,447) 61.76% 6,188,820 (243,627) 96.06% 43003:Permits - - (1,000) (1,000) 0.00% - (1,000) 0.00% 43005:Rental Revenue 60,000 1,825 21,901 (38,099) 36.50% 30,000 (8,099) 73.00% 43602:Water Charges 50,530,586 5,403,182 54,014,993 3,484,407 106.90% 53,847,000 167,993 100.31% 43603:Wastewater Charges 20,784,153 1,626,452 20,800,231 16,078 100.08% 19,000,000 1,800,231 109.47% 43604:Irrigation Charges 462,329 485,547 1,074,215 611,886 232.35% 500,000 574,215 214.84% 41602:Impact Fees 44,800,000 3,884,448 43,093,825 (1,706,175) 96.19% 44,800,000 (1,706,175) 96.19% 44502:Developer Contributions 450,000 8,031 1,634,237 1,184,237 363.16% 1,700,000 (65,763) 96.13% 70001:Transfers In - 24,500,102 70,485,990 70,485,990 0.00% 73,625,708 (3,139,718) 95.74% Total Operating Revenue 127,623,227 38,579,366 215,954,946 88,331,719 169.21% 212,924,528 3,030,418 101.42%
Operating Expenses
CC0001 Non-Departmental 7,065,896 708,296 7,336,237 (270,341) 103.83% 8,019,074 682,837 91.48% CC0524 Metering Services 2,887,914 213,696 2,340,042 547,872 81.03% 3,245,050 905,008 72.11% CC0526 Systems Engineering 409,970 - - 409,970 0.00% 409,970 409,970 0.00% CC0527 Water Services Administration 39,613,348 5,840,527 34,045,902 5,567,445 85.95% 36,728,395 2,682,492 92.70% CC0528 Water Distribution 10,534,677 21,671,779 70,024,485 (59,489,808) 664.70% 78,528,705 8,504,220 89.17% CC0529 Water Plant Management 6,484,250 491,778 4,391,971 2,092,280 67.73% 6,051,033 1,659,063 72.58% CC0530 Wastewater Operations 2,631,957 3,351,364 4,990,060 (2,358,103) 189.60% 2,937,148 (2,052,912) 169.89% CC0531 Wastewater Plant Management 6,750,413 712,925 5,113,070 1,637,343 75.74% 6,709,942 1,596,872 76.20% CC0532 Irrigation Operations 478,150 78,240 347,208 130,942 72.61% 482,668 135,460 71.94% CC0535 Water Conservation 1,539,423 191,704 1,179,411 360,012 76.61% 1,490,030 310,619 79.15% CC0553 Water Operations 5,768,690 806,304 5,603,423 165,267 97.14% 5,402,100 (201,323) 103.73% Operating Expense Total 84,164,687 34,066,612 135,371,809 (51,207,122) 160.84% 150,004,116 14,632,307 90.25%
Available Operating Fund Balance 43,458,540 - 80,583,137 139,538,841 - 62,920,412 17,662,726 128.07%
Non-Operating Revenue 45001:Misc Revenue 1,380,998 1,258,115 1,499,427 118,429 108.58% 1,402,218 97,209 106.93% 45002:Insurance Proceeds - - 151,300 151,300 0.00% - 151,300 0.00% 45003:Misc Reimbursements - - 1,454 1,454 0.00% - 1,454 0.00% 44001:Grant Revenue 7,000,000 - - (7,000,000) 0.00% - - 0.00% 44504:Donations - - 1,740 1,740 0.00% - 1,740 0.00% 46001:Bond Proceeds 97,385,000 - 90,845,000 (6,540,000) 93.28% 90,845,000 - 100.00% 46002:Bond Premium - - 7,528,998 7,528,998 0.00% 7,528,998 (0) 100.00% Non-Operating Revenue Total 105,765,998 1,258,115 100,027,920 (5,738,078) 94.57% 99,776,216 251,704 100.25%
Non-Operating Expenses CC0001 Non-Departmental 1,323,000 - 986,746 336,254 74.58% 1,323,000 (336,254) 74.58% CC0524 Metering Services 7,750,000 424,453 725,186 7,024,814 9.36% 7,750,000 (7,024,814) 9.36% CC0526 Systems Engineering 449,092,830 13,398,954 101,763,015 347,329,814 22.66% 449,092,830 (347,329,815) 22.66% CC0528 Water Distribution - 94,907 290,133 (290,133) 0.00% - 290,133 0.00% CC0530 Wastewater Operations 3,353,674 131,677 3,485,271 (131,597) 103.92% 3,353,674 131,597 103.92% CC0532 Irrigation Operations 79,743 - 79,693 50 99.94% 79,743 (50) 99.94% CC0553 Water Operations 25,269,678 853,674 18,559,998 6,709,680 73.45% 25,269,678 (6,709,680) 73.45% Non-Operating Expense Total 486,868,925 14,903,665 125,890,042 360,978,883 25.86% 486,868,925 360,978,883 25.86%
Excess (Deficiency) of Total Revenue over Total Requirements (337,644,387) (426,688,248) 54,721,015 392,365,402 -16.21% (324,172,297) 378,893,312 -16.88%
Ending Fund Balance 86,179,915 - 478,545,317 392,365,402 555.29% 99,652,005 378,893,312 480.22%
Reserves Contingency Reserve 11,697,446 - 11,697,446 - 100.00% 11,697,446 - 100.00% Non-Operating Reserve 10,579,391 - 10,579,391 - 100.00% 10,579,391 - 100.00% Impact Fee Reserve 33,518,865 - 33,518,865 - 100.00% 33,518,865 - 100.00% Reserves Total 55,795,702 55,795,702 - 100.00% 55,795,702 - 100.00%
Estimated CIP Roll Forward 361,065,682 Estimated Operational Roll Forward 6,184,902 Restricted Interest 10,695,676
Available Fund Balance 30,384,213 - 44,803,355 14,419,142 147.46% 43,856,303 947,052 102.16%
27
Quarterly Financial Report
F FY2021 Quarterly Report
TOURISM FUND REVENUES:
The COVID-19 pandemic significantly impacted
the tourism sector, the City continues to see
improvement in revenues in the fund. Year-to-
date revenue in the fund totals $2,139,609, or
127.74% of budget. Hotel Occupancy Tax revenue
in this fund year-to-date totals $1,858,775 through
the quarter, or 123.92% of budget. Through this
quarter, Hotel Occupancy Tax revenue is $157,881
higher than, or, 9.28% of year-to-date actuals of the
previous fiscal year.
Georgetown hosted several large-scale
community events in April 2023, including the
inaugural Two-Step Inn Music Festival and the
24th Annual Red Poppy Festival. The Two-Step
Inn was held in San Gabriel Park and generated 100% occupancy for hotels, B&Bs, and short-term
rentals. The event contributed a significant amount of tourism-related spending with local
businesses.
The Red Poppy Festival continues to be an important revenue-generating event for businesses
that benefit from the weekend-long activities in downtown. It also creates a nearly 100% hotel
occupancy rate for the hoteliers in the community.
Tourism Fund
Quarterly Comparison: Q4
FY23 Budget FY2022 FY2023
FY2023 Year-to-date:
Budget Vs. Actuals Quarterly Comparison
FY2023 YTD Actuals: Q4 FY22 YTD Actuals: Q4 FY23 Variance % of Budget Variance % Variance
Revenues
40008:Other Taxes 1,500,000 1,700,895 1,858,775 358,775 123.92% 157,881 9.28%
42001:Interest Income 5,000 10,681 94,754 89,754 1895.08% 84,073 787.13%
45001:Misc Revenue 120,000 139,191 105,190 (14,810) 87.66% (34,001) -24.43% 44001:Grant Revenue - 538 - - 0.00% (538) -100.00% 44505:Sponsorship 50,000 59,000 80,890 30,890 161.78% 21,890 37.10%
Revenue Total 1,675,000 1,910,304 2,139,609 464,609 127.74% 229,304 12.00%
FY2023 Revenue Projections:
Tourism Fund
Quarterly Comparison: Q4
FY23 Budget FY2023
FY2023 Year-to-date:
Budget Vs. Actuals Year-End: Projection Vs. Actuals
FY2023 YTD Actuals:
Q4 FY23 Variance % of
Budget
Projections
FY2023
Variance
Fav/(Unfav)
% of
Projection Revenues 40008:Other Taxes 1,500,000 1,858,775 358,775 123.92% 1,900,000 (41,225) 97.83% 42001:Interest Income 5,000 94,754 89,754 1895.08% 60,000 34,754 157.92%
45001:Misc Revenue 120,000 105,190 (14,810) 87.66% 106,268 (1,078) 98.99%
44001:Grant Revenue - - - 0.00% - - 0.00% 44505:Sponsorship 50,000 80,890 30,890 161.78% 86,000 (5,110) 94.06% Revenue Total 1,675,000 2,139,609 464,609 127.74% 2,152,268 (12,659) 99.41%
Total revenues were projected to end FY2023 at $2,152,268. Through the quarter, actuals are 99.41%
of total projections.
K
100K
200K
300K
400K
500K
600K
700K
Q1 Q2 Q3 Q4
HOTEL OCCUPANCY TAX
FY2021 FY2022 FY2023
28
Quarterly Financial Report
F FY2021 Quarterly Report TOURISM FUND EXPENSES:
The Operating expense budget for the Tourism Fund totals $1,977,317, which includes a $60,500
transfer out to the General Fund to support Arts and Culture programming. Year-to-date operating
expenses total $1,682,928, or 85.11% of budget. The city has returned to the regular spring timing of
the annual Red Poppy Festival. Expenses are increased over the prior year due to the new allocation
model requiring the Tourism fund to transfer funds to the General and Joint Services Fund for
support provided and increased spending in tv and radio advertising for a Hogaboom Road Brand
Ambassador Agreement.
Tourism Fund
Quarterly Comparison: Q4 FY23 Budget FY2022 FY2023 FY2023 Year-to-date: Budget Vs. Actuals Quarterly Comparison
FY2023 YTD Actuals: Q4 FY22 YTD Actuals: Q4 FY23 Variance % of Budget Variance % Variance
Expenses
CC0001 Non-Departmental 60,500 52,407 60,500 - 100.00% (8,093) 115.44%
CC0208 CVB 1,650,865 1,137,137 1,363,047 287,818 82.57% (225,910) 19.87% CC0254 Poppy Festival 265,952 296,978 259,381 6,571 97.53% 37,597 -12.66% Expense Total 1,977,317 1,486,522 1,682,928 294,389 85.11% (196,406) 13.21%
FY2023 Expense Projections:
Tourism Fund Quarterly Comparison: Q4 FY23 Budget FY2023 FY2023 Year-to-date: Budget Vs. Actuals Year-End: Projections Vs. Actuals
FY2023 YTD Actuals: Q4
FY23 Variance % of Budget Projections
FY2023
Variance
Fav/(Unfav)
% of
Projection
Expenses
CC0001 Non-Departmental 60,500 60,500 - 100.00% 60,500 - 100.00%CC0208 CVB 1,650,865 1,363,047 287,818 82.57% 1,542,728 179,681 88.35% CC0254 Poppy Festival 265,952 259,381 6,571 97.53% 263,531 4,150 98.43%
Expense Total 1,977,317 1,682,928 294,389 85.11% 1,866,759 183,831 90.15%
Total expenses were projected to end FY2023 at $1,866,759. Through the quarter, actual expenses
are 90.15% of total projections.
Overall, Tourism Fund expenditures are within budget and the fund can cover the 90-day
Contingency Reserve. Ending fund balance was budgeted to be $2,023,130 in FY2023 with an
operating contingency reserve of $379,320, and a capital reserve of $1,643,810.
29
Quarterly Financial Report
F FY2021 Quarterly Report
Fund Schedule:
Tourism
Period: Sep-23 Budget Current Period FY2023 FY2023 Year-to-date: Budget Vs. Actuals Year-End: Projections Vs. Actuals
FY2023 Sep-23 YTD Actuals
w/Encumbrances Variance % of
Budget Projections Variance
Fav/(Unfav)
% of
Projection
Beginning Fund Balance 2,325,447 2,325,447 -100.00% 2,325,447 -100.00%
Revenue
40008:Other Taxes 1,500,000 280,483 1,858,775 358,775 123.92% 1,900,000 (41,225) 97.83%
42001:Interest Income 5,000 13,129 94,754 89,754 1895.08% 60,000 34,754 157.92% 45001:Misc Revenue 120,000 2,241 105,190 (14,810) 87.66% 106,268 (1,078) 98.99%
44001:Grant Revenue - - - - 0.00% - - 0.00%
44505:Sponsorship 50,000 3,890 80,890 30,890 161.78% 86,000 (5,110) 94.06%
Total Revenue 1,675,000 299,743 2,139,609 464,609 127.74% 2,152,268 (12,659) 99.41%
Expense
Personnel 523,512 56,289 480,808 42,704 91.84% 504,674 23,866 95.27% Operations 1,393,305 71,273 1,141,620 251,685 81.94% 1,301,585 159,965 87.71%
Transfers 60,500 - 60,500 - 100.00% 60,500 - 100.00%
Total Expense 1,977,317 127,563 1,682,928 294,389 85.11% 1,866,759 183,831 90.15%
Excess (Deficiency) of Total Revenue over Total
Requirements (302,317) 172,181 456,680 758,997 -151.06% 285,509 171,172 159.95%
Ending Fund Balance 2,023,130 172,181 2,782,127 758,997 142.63% 2,610,956 171,172 106.56%
Reserves
Capital Reserve 1,643,810 - 1,643,810 - 100.00% 1,643,810 - 100.00%
Contingency Reserve 379,320 - 379,320 - 100.00% 379,320 - 100.00%
Reserves Total 2,023,130 2,023,130 - 100.00% 2,023,130 - 100.00%
Available Fund Balance - - 758,997 758,997 0.00% 587,826 171,172 129.12%
30
Quarterly Financial Report
F
AIRPORT FUND REVENUES:
Airport operating revenue budget totals
$4,728,499. Airport Charges, the largest
segment of revenue, totals $5,636,785 year-
to-date. This includes revenue for fuel sales,
facility lease, and hangar rentals. Total
operating revenues through the quarter are
$6,099,664, or 129.00% of budget. Revenues
are trending higher than anticipated due to
increases in fuel sales, which has a related
fuel expense, and an increase to land lease
revenue.
Non-operating revenue consists of grant
revenue for capital projects and
miscellaneous revenue. The grant revenue
budget was rolled forward from FY2022 and is intended for the Taxiway Lightning Project.
Total non-operating revenue through the quarter is $104,244.
Airport Fund
Quarterly Comparison: Q4
FY23 Budget FY2022 FY2023
FY2023 Year-to-date:
Budget Vs. Actuals Quarterly Comparison
FY2023 YTD Actuals:
Q4 FY22
YTD Actuals:
Q4 FY23 Variance % of Budget Variance % Variance
Operating Revenue 40001:Property Taxes 61,800 59,843 13,661 (48,139) 22.11% (46,181) -77.17% 42001:Interest Income 4,249 142,157 130,052 125,803 3060.76% (12,105) -8.52%
43005:Rental Revenue 267,250 194,986 319,166 51,916 119.43% 124,180 63.69%
43606:Airport Charges 4,395,200 5,476,986 5,636,785 1,241,585 128.25% 159,799 2.92%
Operating Revenue Total 4,728,499 5,873,972 6,099,664 1,371,165 129.00% 225,693 3.84%
Non-Operating Revenue
45001:Misc Revenue 2,340 7,962 4,800 2,460 205.13% (3,162) -39.71%
44001:Grant Revenue 22,654 86,901 99,444 76,790 438.97% 12,543 14.43%
46001:Bond Proceeds - 495,000 - - 0.00% (495,000) -100.00% 46002:Bond Premium - 21,289 - - 0.00% (21,289) -100.00% Non-Operating Revenue Total 24,994 611,152 104,244 79,250 417.08% (506,908) -82.94%
Total Revenue 4,753,493 6,485,124 6,203,909 1,450,416 130.51% (281,215) -4.34%
K
500K
1.0M
1.5M
Q1 Q2 Q3 Q4
AIRPORT FUND - FUEL
SALES
FY2021 FY2022 FY2023
31
Quarterly Financial Report
F
FY2023 Revenue Projections:
Airport Fund
Quarterly Comparison: Q4 FY23 Budget FY2023 FY2023 Year-to-date: Budget Vs. Actuals Year-End: Projections Vs. Actuals
FY2023 YTD Actuals:
Q4 FY23 Variance % of Budget Projections
FY2023
Variance
Fav/(Unfav)
% of
Projection
Operating Revenue
40001:Property Taxes 61,800 13,661 (48,139) 22.11% 60,000 (46,339) 22.77%
42001:Interest Income 4,249 130,052 125,803 3060.76% 95,000 35,052 136.90% 43005:Rental Revenue 267,250 319,166 51,916 119.43% - 319,166 0.00% 43606:Airport Charges 4,395,200 5,636,785 1,241,585 128.25% 5,713,075 (76,290) 98.66%
Operating Revenue Total 4,728,499 6,099,664 1,371,165 129.00% 5,868,075 231,589 103.95%
Non-Operating Revenue
45001:Misc Revenue 2,340 4,800 2,460 205.13% 3,500 1,300 137.14% 44001:Grant Revenue 22,654 99,444 76,790 438.97% 22,654 76,790 438.97%
46001:Bond Proceeds - - - 0.00% - - 0.00%
46002:Bond Premium - - - 0.00% - - 0.00%
Non-Operating Revenue
Total 24,994 104,244 79,250 417.08% 26,154 78,090 398.58%
Total Revenue 4,753,493 6,203,909 1,450,416 130.51% 5,894,229 309,680 105.25%
Total revenues are projected to end FY2023 at $5,894,229. Through the quarter, actuals are
105.25% of total projections.
AIRPORT FUND EXPENSES:
Operating expenses in the Airport fund include a budget of $5,287,895. Year-to-date
operation expenses totals $6,146,485. Most of the operations budget is fuel for sales, which is
encumbered early in the fiscal year. Staff will bring the Airport Fund for a year-end
amendment to increase fuel revenue and expenses. Year-to-date operating capital is $219,566,
or 368.07% of budget. This total includes a one-time purchase for a 50 foot trailer mounted
boom lift.
The budget for non-operating expenses total $1,645,023. This includes a CIP expense of
$1,424,000 for the construction of a maintenance facility at the airport. Staff included
additional funding as part of the rollforward budget amendment as the costs of the facility
increased after the design and bid. The remaining amount of non-operating expense is for the
airport’s debt service payment. The debt payment is made in the summer to align with the
City’s annual debt schedule.
Airport Fund
Quarterly Comparison: Q4 FY23 Budget FY2022 FY2023 FY2023 Year-to-date: Budget Vs. Actuals Quarterly Comparison
FY2023 YTD Actuals: Q4 FY22 YTD Actuals: Q4 FY23 Variance % of Budget Variance % Variance
Operating Expense
Personnel 578,699 425,781 572,134 6,565 98.87% (146,353) 34.37%
Operations 4,527,542 4,934,510 5,232,785 (705,243) 115.58% (298,276) 6.04% Operating Capital 59,654 64,358 219,566 (159,912) 368.07% (155,208) 241.16%
Transfers 122,000 - 122,000 - 100.00% (122,000) 0.00%
Total Operating Expenses 5,287,895 5,424,649 6,146,485 (858,590) 116.24% (721,836) 13.31%
Non-Operating Expense CIP Expense 1,424,000 - 65,338 1,358,663 4.59% (65,338) 0.00% Debt Service 221,023 194,895 221,086 (63) 100.03% (26,191) 13.44%
Non-Operating Expense
Total 1,645,023 194,895 286,424 1,358,599 17.41% 91,529 46.96%
Expense Total 6,932,918 5,619,545 6,432,909 500,009 92.79% 813,365 14.47%
32
Quarterly Financial Report
F
FY2023 Expense Projections:
Airport Fund
Quarterly Comparison: Q4 FY23 Budget FY2023 FY2023 Year-to-date: Budget Vs. Actuals Year-End: Projections Vs. Actuals
FY2023 YTD Actuals:
Q4 FY23 Variance % of Budget Projections
FY2023
Variance
Fav/(Unfav)
% of
Projection
Operating Expense
Personnel 578,699 572,134 6,565 98.87% 583,545 11,412 98.04%
Operations 4,527,542 5,232,785 (705,243) 115.58% 5,441,206 208,421 96.17% Operating Capital 59,654 219,566 (159,912) 368.07% 221,076 1,510 99.32% Transfers 122,000 122,000 - 100.00% 122,000 - 100.00%
Total Operating Expenses 5,287,895 6,146,485 (858,590) 116.24% 6,367,827 221,342 96.52%
Non-Operating Expense CIP Expense 1,424,000 65,338 1,358,663 4.59% 1,424,000 1,358,663 4.59% Debt Service 221,023 221,086 (63) 100.03% 221,023 (63) 100.03%
Non-Operating Expense
Total 1,645,023 286,424 1,358,599 17.41% 1,645,023 1,358,599 17.41%
Expense Total 6,932,918 6,432,909 500,009 92.79% 8,012,850 1,579,941 80.28%
Total expenses were projected to end FY2023 at $8,012,850. Through the quarter, actual
expenses are 80.28% of total projections.
The Airport Fund met all the fund’s below line reserve requirements in FY2023. Ending fund
balance was budgeted to be $1,095,200 with an operating contingency reserve of $374,485
and a debt service reserve of $211,959. 33
Quarterly Financial Report
F
Fund Schedule:
Airport Operations
Period: Sep-23 Budget Current Period FY2023 FY2023 Year-to-date: Budget Vs. Actuals Year-End: Projections Vs. Actuals
FY2023 Sep-23 YTD Actuals w/Encumbrances Variance % of Budget Projections Variance Fav/(Unfav) % of Projection Beginning Fund Balance 3,274,625 3,274,625 - 100.00% 3,274,625 - 100.00%
Operating Revenues
40001:Property Taxes 61,800 13,661 13,661 (48,139) 22.11% 60,000 (46,339) 22.77% 42001:Interest Income 4,249 13,394 130,052 125,803 3060.76% 95,000 35,052 136.90% 43005:Rental Revenue 267,250 1,400 319,166 51,916 119.43% - 319,166 0.00%
43606:Airport Charges 4,395,200 516,772 5,636,785 1,241,585 128.25% 5,713,075 (76,290) 98.66% Total Operating Revenues 4,728,499 545,228 6,099,664 1,371,165 129.00% 5,868,075 231,589 103.95%
Operating Expenses Personnel 578,699 73,952 572,134 6,565 98.87% 583,545 11,412 98.04%
Operations 4,527,542 404,235 5,232,785 (705,243) 115.58% 5,441,206 208,421 96.17% Operating Capital 59,654 (6,000) 219,566 (159,912) 368.07% 221,076 1,510 99.32% Transfers 122,000 - 122,000 - 100.00% 122,000 - 100.00%
Total Operating Expenses 5,287,895 472,187 6,146,485 (858,590) 116.24% 6,367,827 221,342 96.52%
Non-Operating Revenues
45001:Misc Revenue 2,340 1,500 4,800 2,460 205.13% 3,500 1,300 137.14% 44001:Grant Revenue 22,654 40,444 99,444 76,790 438.97% 22,654 76,790 438.97%
46001:Bond Proceeds - - - - 0.00% - - 0.00% 46002:Bond Premium - - - - 0.00% - - 0.00% Total Non-Operating Revenues 24,994 41,944 104,244 79,250 417.08% 26,154 78,090 398.58%
Non-Operating Expenses CIP Expense 1,424,000 24,608 65,338 1,358,663 4.59% 1,424,000 1,358,663 4.59% Debt Service 221,023 - 221,086 (63)100.03% 221,023 (63)100.03%
Total Non-Operating Expenses 1,645,023 24,608 286,424 1,358,599 17.41% 1,645,023 1,358,599 17.41%
Excess (Deficiency) of Total Revenue over Total
Requirements (2,179,425) 90,378 (229,000) 1,950,425 10.51% (2,118,621) 1,889,621 10.81%
Ending Fund Balance 1,095,200 90,378 3,045,625 1,950,425 278.09% 1,156,004 1,889,621 263.46%
Reserves AFR Adjustment - - - - 0.00% - - 0.00%
Contingency Reserve 374,485 - 374,485 - 100.00% 374,485 - 100.00%Reserves for Debt Service 211,959 - 211,959 - 100.00% 211,959 - 100.00%Reserves Total 586,444 - 586,444 - 100.00% 586,444 - 100.00%
Estimated Operational Roll Forward - - 250,860 Estimated CIP Roll Forward - - 1,358,663
Available Fund Balance 508,756 - 849,658 340,902 167.01% 569,560 280,098 149.18% 34
Quarterly Financial Report
F
GTEC REVENUE:
Operating revenue is comprised of sales tax and
allocated interest. The budget for sales tax
collections for GTEC in FY2023 is $13,666,398. Year-to-
date sales tax revenue totals $12,696,815, or 92.91% of
budget. Through this period, sales tax collections are
up $104,865, or 0.83% over year-to-date collections
from the prior fiscal year. Staff will continue to
monitor performance of sales tax as well as
economic shifts and sales tax volatility as FY2023
closes.
Non-Operating revenue has a budget of $-0. There
are no new debt funded projects as part of the
FY2023 budget. However, year-to-date actuals total
$59,400 due to settlement proceeds from Rabbit Hill Road.
GTEC Quarterly Comparison: Q4 FY23 Budget FY2022 FY2023 FY2023 Year-to-date: Budget Vs. Actuals Quarterly Comparison
FY2023 YTD Actuals:
Q4 FY22
YTD Actuals:
Q4 FY23 Variance % of Budget Variance % Varaince
Operating Revenue
40002:Sales Taxes 13,666,398 12,591,950 12,696,815 (969,583) 92.91% 104,865 0.83% 42001:Interest Income 31,500 256,979 1,935,720 1,904,220 6145.14% 1,678,742 653.26% Operating Revenue Total 13,697,898 12,848,929 14,632,536 934,638 106.82% 1,783,607 13.88%
Non-Operating Revenue
45001:Misc Revenue - - 59,400 59,400 0.00% 59,400 0.00% 46001:Bond Proceeds - 3,775,000 - - 0.00% (3,775,000) -100.00% 46002:Bond Premium - 162,358 - - 0.00% (162,358) -100.00%
Non-Operating Revenue
Total -3,937,358 59,400 59,400 0.00% (3,877,958) -98.49%
Revenue Total 13,697,898 16,786,287 14,691,936 994,038 107.26% (2,094,351) -12.48%
K
1.0M
2.0M
3.0M
4.0M
5.0M
6.0M
Q1 Q2 Q3 Q4
SALES TAX REVENUE
FY2021 FY2022 FY2023
35
Quarterly Financial Report
F
FY2023 Revenue Projections:
GTEC
Quarterly Comparison: Q4
FY23 Budget FY2023
FY2023 Year-to-date:
Budget Vs. Actuals Year-End: Projections Vs. Actuals
FY2023 YTD Actuals: Q4 FY23 Variance % of Budget ProjectionsFY2023 Variance Fav/(Unfav) % of Projection
Operating Revenue
40002:Sales Taxes 13,666,398 12,696,815 (969,583) 92.91% 12,717,870 (21,055) 99.83%
42001:Interest Income 31,500 1,935,720 1,904,220 6145.14% 1,715,000 220,720 112.87%
Operating Revenue Total 13,697,898 14,632,536 934,638 106.82% 14,432,870 199,666 101.38%
Non-Operating Revenue
45001:Misc Revenue - 59,400 59,400 0.00% 59,400 - 100.00%
46001:Bond Proceeds - - - 0.00% - - 0.00%
46002:Bond Premium - - - 0.00% - - 0.00% Non-Operating Revenue Total -59,400 59,400 0.00% 59,400 -100.00%
Revenue Total 13,697,898 14,691,936 994,038 107.26% 14,492,270 199,666 101.38%
Total revenues were projected to end FY2023 at $14,492,270. Through the quarter, actuals are
101.38% of total projections.
GTEC EXPENSES:
Operating expenses year-to-date total is $3,720,240, or 100.05% of budget through the period.
Operating expenses are predominately made up of administrative expenses and transfers to other
City funds. Administrative expenses include the allocation for City staff to support the GTEC fund.
Year-to-date administrative expenses total $441,581, or 100.01% of budget.
Non-Operating expense budget totals $20,309,989. Year-to-date non-operating expenses total
$9,098,654, or 44.80% of budget. Non-Operating expenses include funding for strategic
partnerships, capital improvement projects, and debt service payment. The debt service payment
is made in the summer and aligns with all other debt service payments for the City. CIP expense
budget totals $18,168,744 in FY2023. This amount includes the CIP Roll Forward amendment
approved by Council in January. This budget was also amended in the mid-year amendment due
to project timing.
GTEC
Quarterly Comparison: Q4 FY23 Budget FY2022 FY2023 FY2023 Year-to-date: Budget Vs. Actuals Quarterly Comparison
FY2022 YTD Actuals: Q4 FY22 YTD Actuals: Q4 FY23 Variance % Of Budget Variance % Variance
Operating Expense
Operations 441,581 247,416 441,631 (50) 100.01% (194,215) 78.50% Transfers 3,276,732 3,126,768 3,278,609 (1,877) 100.06% (151,841) 4.86% Total Operating Expenses 3,718,313 3,374,184 3,720,240 (1,927) 100.05% (346,056) 10.26%
Non-Operating Expense
Operations 1,300,000 - 651,513 648,487 50.12% (651,513) 0.00% CIP Expense 18,168,744 6,697,731 7,607,442 10,561,303 41.87% (909,711) 113.58%
Debt Service 841,245 921,728 839,700 1,545 99.82% 82,028 91.10%
Total Non-Operating
Expenses 20,309,989 7,619,459 9,098,654 11,211,335 44.80% (1,479,195) 119.41%
Expense Total 24,028,302 10,993,643 12,818,894 11,209,408 53.35% (1,825,251) 16.60%
36
Quarterly Financial Report
F
FY2023 Expense Projections:
GTEC Quarterly Comparison: Q4 FY23 Budget FY2023 FY2023 Year-to-date: Budget Vs. Actuals Year-End: Projections Vs. Actuals
FY2022 YTD Actuals:
Q4 FY23 Variance % Of Budget Projections
FY2023
Variance
Fav/(Unfav)
% of
Projection
Operating Expense
Operations 441,581 441,631 (50) 100.01% 441,581 (50) 100.01%Transfers 3,276,732 3,278,609 (1,877) 100.06% 3,276,732 (1,877) 100.06%
Total Operating Expenses 3,718,313 3,720,240 (1,927) 100.05% 3,718,313 (1,927) 100.05%
Non-Operating Expense Operations 1,300,000 651,513 648,487 50.12% 651,513 0 100.00% CIP Expense 18,168,744 7,607,442 10,561,303 41.87% 24,549,795 16,942,353 30.99%
Debt Service 841,245 839,700 1,545 99.82% 841,245 1,545 99.82%
Total Non-Operating
Expenses 20,309,989 9,098,654 11,211,335 44.80% 26,042,553 16,943,899 34.94%
Expense Total 24,028,302 12,818,894 11,209,408 53.35% 29,760,866 16,941,972 43.07%
Total expenses were projected to end FY2023 at $29,760,866. Through the quarter, actual expenses
are 43.07% of total projections. This is due to the timing of projects. Funds for unfinished projects
are eligible to be rolled forward into FY2024.
Ending fund balance for FY2023 is budgeted to be $37,257,133. After accounting for the
contingency reserve of $3,512,176, and the debt service reserve of $3,994,673, this fund has a
budgeted available fund balance of $29,750,284.
37
Quarterly Financial Report
F
Fund Schedule:
GTEC
Period: Sep-23 Budget
Current
Period FY2023
FY2023 Year-to-date:
Budget Vs. Actuals
FY2023 Year-End:
Projections Vs. Actuals
FY2023 Sep-23 YTD Actuals Variance % of
Budget Projections Variance
Fav/(Unfav)
% of
Projection
Beginning Fund Balance 47,587,537 47,587,537 -100.00% 47,587,537 -100.00%
Operating Revenue
40002:Sales Taxes 13,666,398 3,247,072 12,696,815 (969,583) 92.91% 12,717,870 (21,055) 99.83% 42001:Interest Income 31,500 112,427 1,935,720 1,904,220 6145.14% 1,715,000 220,720 112.87%
Operating Revenue Total 13,697,898 3,359,499 14,632,536 934,638 106.82% 14,432,870 199,666 101.38%
Operating Expense
Operations 441,581 36,798 441,631 (50) 100.01% 441,581 (50) 100.01%
Transfers 3,276,732 - 3,278,609 (1,877) 100.06% 3,276,732 (1,877) 100.06%
Operating Expense Total 3,718,313 36,798 3,720,240 (1,927) 100.05% 3,718,313 (1,927) 100.05%
Net Operations Total 9,979,585 3,322,701 10,912,296 936,564 109.35% 10,714,557 201,592 101.85%
Non-Operating Revenue
45001:Misc Revenue - - 59,400.00 59,400.00 0.00% 59,400.00 0 0.00%
46001:Bond Proceeds - - - - 0.00% - - 0.00%
46002:Bond Premium - - - - 0.00% - - 0.00%
Non-Operating Revenue Total - - 59,400 59,400 0.00% 59,400 - 0.00%
Non-Operating Expense
Operations 1,300,000 - 651,513 648,487 50.12% 651,513 0 100.00%
CIP Expense 18,168,744 689,351 7,607,442 10,561,303 41.87% 24,549,795 16,942,353 30.99% Debt Service 841,245 - 839,700 1,545 99.82% 841,245 1,545 99.82%
Non-Operating Expense Total 20,309,989 689,351 9,098,654 11,211,335 44.80% 26,042,553 16,943,899 34.94%
Excess (Deficiency) of Total
Revenue over Total Requirements (10,330,404) (6,648,890) (5,319,015) 5,011,390 51.49% (22,264,840) 16,945,826 23.89%
Ending Fund Balance 37,257,133 49,460,579 12,203,446 132.75% 32,318,941 17,141,638 153.04%
Reserves AFR Adjustment - - - 0.00% - - 0.00% Contingency Reserve 3,512,176 3,512,176 - 100.00% 3,512,176 - 100.00%
Debt Service Reserve 3,994,673 3,994,673 - 100.00% 3,994,673 - 100.00%
Reserves Total 7,506,849 7,506,849 -100.00% 7,506,849 -100.00%
Estimated Operational Roll
Forward 13,168,744
Available Fund Balance 29,750,284 28,784,986 (965,298) 96.76% 24,812,092 3,972,894 116.01%
38
Quarterly Financial Report
F
GEDCO REVENUE:
Operating revenue has a total budget of $3,446,599 in
FY2023 and is comprised of sales tax and allocated
interest. The budget for sales tax collections for GEDCO
is $3,416,599. Year-to-date sales tax revenue for FY2023
totals $3,174,204, or 92.91% of budget. Through this
period, sales tax collections are up $26,216, or 0.83% over
year-to-date collections from the prior fiscal year. There
is a two-month lag in sales tax collections/reporting.
The City continues to closely monitor performance of
sales tax. Staff are also monitoring economic shifts and
sales tax volatility as FY2023 comes to an end.
Non-Operating revenue, which typically includes bond
proceeds, is not part of the FY2023 budget. However,
year-to-date actuals total $491,139 due to miscellaneous reimbursements from Rivery TIRZ for
repayment of debt service and pro-rata reimbursement for previous years debt service.
GEDCO Quarterly Comparison: Q4
FY23 Budget FY2022 FY2023
FY2023 Year-to-date:
Budget Vs. Actuals Quarterly Comparison
FY2023 YTD Actuals:
Q4 FY22
YTD Actuals:
Q4 FY23 Variance % Variance Variance % Variance
Operating Revenue
40002:Sales Taxes 3,416,599 3,147,988 3,174,204 (242,395) 92.91% 26,216 0.83% 42001:Interest Income 30,000 57,588 478,096 448,096 1593.65% 420,508 730.20% Operating Revenue Total 3,446,599 3,205,576 3,652,300 205,701 105.97% 446,724 13.94%
Non-Operating Revenue
45001:Misc Revenue - 2,609 - - 0.00% (2,609) -100.00% 45003:Misc Reimbursements - - 491,139 491,139 0.00% 491,139 0.00%
Non-Operating Revenue
Total -2,609 491,139 491,139 0.00% 488,530 18723.56%
Revenue Total 3,446,599 3,208,185 4,143,438 696,839 120.22% 935,254 29.15%
K
500K
1.0M
1.5M
Q1 Q2 Q3 Q4
SALES TAX REVENUE
FY2021 FY2022 FY2023
39
Quarterly Financial Report
F FY2023 Revenue Projections:
GEDCO
Quarterly Comparison: Q4
FY23 Budget FY2023
FY2023 Year-to-date:
Budget Vs. Actuals
FY2023 Year End:
Projections Vs. Actuals
FY2023 YTD Actuals:
Q4 FY23 Variance % Variance Projections Variance
Fav/(Unfav)
% of
Projection
Operating Revenue 40002:Sales Taxes 3,416,599 3,174,204 (242,395) 92.91% 3,179,467 (5,263) 99.83% 42001:Interest Income 30,000 478,096 448,096 1593.65% 350,000 128,096 136.60%
Operating Revenue Total 3,446,599 3,652,300 205,701 105.97% 3,529,467 122,833 103.48%
Non-Operating Revenue 45001:Misc Revenue - - - 0.00% - - 0.00% 45003:Misc
Reimbursements - 491,139 491,139 0.00% - 491,139 0.00%
Non-Operating Revenue
Total -491,139 491,139 0.00% -491,139 0.00%
Revenue Total 3,446,599 4,143,438 696,839 120.22% 3,529,467 613,971 117.40%
Total revenues were projected to end FY2023 at $3,529,467. Through the quarter, actuals are 117.40%
of total projections.
GEDCO EXPENSES:
Operating expenses have a total budget of $1,008,329 for FY2023. Year-to-date operational
expenses incurred total $894,522, or 88.71% of budget. Operating expenses include administrative
expenses, marketing costs, contractual services, subscriptions, and operating transfers to other City
funds. Administrative expenses include the allocation for City staff to support the GEDCO fund.
Year-to-date administrative expense total $584,310, or 100.00% of budget. The GEDCO fund has
dedicated funding to market the City for potential economic development. Year-to-date marketing
efforts total $58,207, or 60.35% of budget. Contractual services include $100,000 budgeted for
consulting in FY2023. GEDCO transferred $204,019 to General Debt Service in FY2023.
Non-Operating expense budget totals $6,641,626. Through the quarter there has been $1,659,491
of non-operating expenses. This is due to the timing of approved economic development
K
100K
200K
300K
400K
500K
600K
51001:Administrative Expense 51003:Marketing & Promotional 51004:Contractual Services 80001:Transfers Out
OPERATING EXPENSE BY LEDGER
FY2023 Actuals FY2023 Budget
40
Quarterly Financial Report
F
agreement expenses. Non-Operating expenses include funding for strategic partnerships and
GEDCO’s debt service payment. GEDCO has a budget of $6,350,000 for economic development
agreements in FY2023. The debt service payment includes principal reduction of $76,559, and an
interest expense of $14,947. The debt service payment is reflected in the Q4 report as aligns with
the City’s annual debt payment.
GEDCO
Quarterly Comparison: Q4 FY23 Budget FY2022 FY2023 FY2023 Year-to-date: Budget Vs. Actuals Quarterly Comparison
FY2023
YTD
Actuals: Q4
FY22
YTD
Actuals: Q4
FY23
Variance % Variance Variance % Variance
Operating Expense
Operations 804,310 453,574 690,383 113,927 85.84% (236,809) 52.21% Transfers 204,019 202,889 204,139 (120) 100.06% (1,250) 0.62% Operating Expense Total 1,008,329 656,463 894,522 113,807 88.71% (238,059) 36.26%
Non-Operating Expense
Operations 6,550,000 3,100,000 1,567,985 4,982,015 23.94% 1,532,015 -49.42% Debt Service 91,626 92,048 91,506 120 99.87% 542 -0.59%
Operating Expense Total 6,641,626 3,192,048 1,659,491 4,982,135 24.99% 1,532,557 -48.01%
Expense Total 7,649,955 3,848,511 2,554,013 5,095,942 33.39% 1,294,498 -34%
FY2023 Expense Projections:
GEDCO
Quarterly Comparison: Q4 FY23 Budget FY2023
FY2023 Year-to-date:
Budget Vs. Actuals FY2023 Year End: Projections Vs. Actuals
FY2023 YTD Actuals: Q4 FY23 Variance % Variance Projections Variance Fav/(Unfav) % of Projection
Operating Expense
Operations 804,310 690,383 113,927 85.84% 697,102 6,719 99.04%
Transfers 204,019 204,139 (120) 100.06% 204,019 (120) 100.06%
Operating Expense Total 1,008,329 894,522 113,807 88.71% 901,121 6,599 99.27%
Non-Operating Expense
Operations 6,550,000 1,567,985 4,982,015 23.94% 4,920,000 3,352,015 31.87%
Debt Service 91,626 91,506 120 99.87% 91,626 120 99.87%
Operating Expense Total 6,641,626 1,659,491 4,982,135 24.99% 5,011,626 3,352,135 33.11%
Expense Total 7,649,955 2,554,013 5,095,942 33.39% 5,912,747 3,358,734 43.20%
Total expenses were projected to end FY2023 at $5,912,747. Through the quarter, actual expenses
are 43.20% of total projections. GEDCO actuals came in less than budget primarily due to the timing
of economic development agreements. These agreements and the associated dollar amount will
be reappropriated through the CIP Roll Forward amendment if needed in FY2024.
Ending fund balance for FY2023 is budgeted at $2,106,696. After accounting for the contingency
reserve of $878,044, and the debt service reserve of $205,519, this fund is budgeted to have an
available fund balance of $1,023,133.
41
Quarterly Financial Report
F
Fund Schedule:
GEDCO
Period: Sep-23 Budget Current Period FY2023 FY2023 Year-to-date: Budget Vs. Actuals FY2023 Year End: Projections Vs. Actuals
FY2023 Sep-23 YTD Actuals:
Q4 FY23 Variance % of Budget Projections Variance
Fav/(Unfav)
% of
Projection
Beginning Fund Balance 6,310,052 6,310,052 -100.00% 6,310,052 -100.00%
Operating Revenue
40002:Sales Taxes 3,416,599 811,768 3,174,204 (242,395) 92.91% 3,179,467 (5,263) 99.83%
42001:Interest Income 30,000 49,996 478,096 448,096 1593.65% 350,000 128,096 136.60%
Operating Revenue Total 3,446,599 861,764 3,652,300 205,701 105.97% 3,529,467 122,833 103.48%
Operating Expense
Operations 804,310 67,079 690,383 113,927 85.84% 697,102 6,719 99.04%
Transfers 204,019 - 204,139 (120) 100.06% 204,019 (120) 100.06%
Operating Expense Total 1,008,329 67,079 894,522 113,807 88.71% 901,121 6,599 99.27%
Net Operations Total 2,438,270 794,685 2,757,778 (319,508) 113.10% 2,628,346 129,432 104.92%
Non-Operating Revenue 45001:Misc Revenue - - - - 0.00% - - 0.00%
45003:Misc
Reimbursements - 491,139 491,139 491,139 0.00% - 491,139 0.00%
Non-Operating Revenue
Total -491,139 491,139 491,139 0.00% -491,139 0.00%
Non-Operating Expense
Operations 6,550,000 1,025,000 1,567,985 (4,982,015) 23.94% 4,920,000 3,352,015 31.87%
Debt Service 91,626 91,506 91,506 (120) 99.87% 91,626 120 99.87%
Non-Operating Expense
Total 6,641,626 1,116,506 1,659,491 (4,982,135) 24.99% 5,011,626 3,352,135 33.11%
Excess (Deficiency) of Total Revenue over Total
Requirements (4,203,356) 169,317 (5,715,173) (1,511,817) 135.97% (2,383,280) (3,331,893) 239.80%
Ending Fund Balance 2,106,696 7,899,478 5,792,782 374.97% 3,926,772 3,972,706 201.17%
Reserves
AFR Adjustment - - - - 0.00% - - 0.00% Contingency Reserve 878,044 - 878,044 - 100.00% 878,044 - 100.00%Debt Service Reserve 205,519 - 205,519 - 100.00% 205,519 - 100.00%
Reserves Total 1,083,563 -1,083,563 -100.00% 1,083,563 -100.00%
Available Fund Balance 1,023,133 - 6,815,915 5,792,782 666.18% 2,843,209 3,972,706 239.73%
42
Quarterly Financial Report
F
Fund Schedule:
Council Discretionary
Period: Sep-23 Budget
Current
Period FY2023
FY2023 Year-to-date:
Budget vs. Actuals Year-End: Projections Vs. Actuals
FY2023 Sep-23 YTD Actuals Variance % of
Budget Projections Variance
Fav/(Unfav)
% of
Projection
Beginning Fund Balance 4,973,592 4,973,592 -100.00% 2,317,098 2,656,494 46.59%
Revenue
42001:Interest Income 150 21,244 179,221 179,071 119480.57% 150,000 29,221 119.48% 70001:Transfers In 1,568,841 - 1,568,841 - 100.00% 1,568,841 - 100.00%
Total Revenue 1,568,991 21,244 1,748,062 179,071 111.41% 1,718,841 29,221 101.70%
Expense
Transfers 2,377,000 - 2,377,000 - 100.00% 2,377,000 - 100.00%
Total Expense 2,377,000 -2,377,000 -100.00% 2,377,000 -100.00%
Excess (Deficiency) of Total Revenue over Total Requirements (808,009) 21,244 (628,938) 179,071 77.84% (658,159) 29,221 95.56%
Ending Fund Balance 4,165,583 21,244 4,344,654 179,071 104.30% 1,658,939 2,685,715 261.89%
Reserves
AFR Adjustment - - - - - - - 0.00%
Contingency Reserve - - - - - - - 0.00% Debt Service Reserve - - - - - - - 0.00%
Reserves Total - - - - - - - 0.00%
Available Fund Balance 4,165,583 - 4,344,654 179,071 104.30% 1,658,939 2,685,715 261.89%
43
Quarterly Financial Report
F
Fund Schedule:
Joint Services
Period: Sep-23 Budget Current Period FY2023 FY2023 Year-to-date: Budget Vs. Actuals Year-End: Projections Vs. Actuals
FY2023 Sep-23 YTD Actuals: Q4 FY23 Variance % of Budget Projections Variance Fav/(Unfav) % of Projection Beginning Fund Balance 4,977,655 4,977,655 - 100.00% 4,977,655 - 100.00%
Revenue 40002:Sales Taxes - (4,459) - - 0.00% - - 0.00% 41002:Penalties 25,000 5,599 58,424 33,424 233.70% 50,000 8,424 116.85% 42001:Interest Income 7,000 38,157 201,841 194,841 2883.45% 110,000 91,841 183.49% 43001:Fees 13,000 29,553 297,993 284,993 2292.25% 341,140 (43,148) 87.35% 43004:Administrative Charges 27,486,561 2,364,079 27,486,560 (1)100.00% 27,486,561 (1)100.00%43005:Rental Revenue - - - - 0.00% - - 0.00% 45001:Misc Revenue 30 (1,075) (11,253) (11,283) -37511.57% 600 (11,853) -1875.58%45002:Insurance Proceeds 110,000 10,446 117,548 7,548 106.86% 110,000 7,548 106.86% 45003:Misc Reimbursements 235,200 2,090 59,353 (175,847) 25.23% 56,760 2,593 104.57% 45004:Sale of Property - - 14,228 14,228 0.00% 14,228 - 100.00%
44001:Grant Revenue - - - - 0.00% - - 0.00% 44502:Developer Contributions - - - - 0.00% - - 0.00% 70001:Transfers In - - - - 0.00% - - 0.00%
Revenue Total 27,876,791 2,444,389 28,224,693 347,902 101.25% 28,169,289 55,404 100.20%
Expense CC0001 Non-Departmental 1,251,000 (957,432) 1,872,362 (621,362) 149.67% 2,257,648 385,286 82.93% CC0302 Finance Administration 1,463,107 193,034 1,359,244 103,863 92.90% 1,392,190 32,946 97.63% CC0315 Accounting 1,828,532 187,698 1,587,641 240,891 86.83% 1,697,124 109,482 93.55% CC0317 Purchasing 912,728 75,935 821,015 91,713 89.95% 857,124 36,109 95.79%
CC0318 Warehouse Services 338,992 41,172 209,625 129,367 61.84% 244,008 34,383 85.91% CC0321 Utility Customer Service 1,386,831 167,600 1,375,363 11,468 99.17% 1,205,401 (169,962) 114.10%
CC0322 Utility Customer Billing 1,797,014 228,021 1,784,657 12,357 99.31% 1,958,112 173,454 91.14% CC0324 Customer Admin & Data Analytics 6,192,198 448,352 5,631,483 560,715 90.94% 6,094,727 463,244 92.40% CC0503 Organizational and Operational Excellence 867,502 99,375 774,028 93,474 89.22% 798,191 24,163 96.97% CC0524 Metering Services - - (0) 0 0.00% - 0 0.00% CC0526 Systems Engineering 4,849,339 500,704 4,106,037 743,302 84.67% 4,281,478 175,441 95.90% CC0533 Environmental Services - (1,670) - - 0.00% - - 0.00% CC0534 Conservation - - 0 (0)0.00% - (0) 0.00% CC0553 Water Operations - (301) - - 0.00% - - 0.00% CC0637 Economic
Development 755,674 61,929 552,302 203,372 73.09% 564,121 11,819 97.90% CC0639 Human Resources 1,819,385 185,886 1,755,446 63,939 96.49% 1,777,815 22,369 98.74% CC0640 Citywide Human
Resources 1,581,750 53,115 1,201,051 380,699 75.93% 1,501,867 300,816 79.97% CC0654 Legal 1,584,543 157,187 1,313,389 271,154 82.89% 1,385,029 71,640 94.83% CC0658 Real Estate Services 399,366 45,244 275,380 123,986 68.95% 328,758 53,377 83.76%
Expense Total 27,027,961 1,485,848 24,619,023 2,408,938 91.09% 26,343,593 1,724,569 93.45%
Excess (Deficiency) of Total Revenue over Total Requirements 848,830 958,541 3,605,669 2,756,840 424.78% 1,825,696 1,779,973 197.50%
Ending Fund Balance 5,826,485 8,583,324 2,756,840 147.32% 6,803,351 1,779,973 126.16%
Reserves Contingency Reserve 4,818,205 4,818,205 - 100.00% 4,818,205 - 100.00%
Reserves Total 4,818,205 4,818,205 - 100.00% 4,818,205 - 100.00%
Estimated CIP Roll Forward - - 687,173
Available Fund Balance 1,008,281 3,077,946 2,069,665 305.27% 1,985,146 1,092,800 155.05%
44
Quarterly Financial Report
STORMWATER REVENUE:
Stormwater operating revenue budget totals
$4,648,250. Stormwater charges, the largest section of
revenue, totals $4,796,289 year-to-date. This primarily
includes revenue for Non-Residential and Residential
Operations. Also included in Stormwater charges is
Pond Maintenance. Total operating revenues through
the quarter are $4,988,695, or 107.32% of budget.
Non-operating revenue are bond proceeds for capital
projects. The Stormwater Fund has $657,500
budgeted for funding to conduct curb and gutter
repair. Bond proceeds were received as part of the
City’s annual debt sale in the spring and reflected in
the fourth quarter report.
Stormwater Services
Quarterly Comparison: Q4 FY23 Budget FY2023
FY2023 Year-to-date: Budget Vs.
Actuals Quarterly Comparison
FY2023 YTD Actuals: Q4
FY23 Variance % of Budget Variance % Variance
Operating Revenue
41002:Penalties 57,500 51,591 (5,909) 89.72% 5,622 12.23%
42001:Interest Income 15,300 140,815 125,515 920.36% 115,941 466.11%
43605:Stormwater Charges 4,575,450 4,796,289 220,839 104.83% 380,282 8.61%
Operating Revenue Total 4,648,250 4,988,695 340,445 107.32% 501,845 11.18%
Non-Operating Revenue
46001:Bond Proceeds 657,500 585,000 (72,500) 88.97% 90,000 18.18%
46002:Bond Premium - 75,783 75,783 0.00% 54,494 255.97%
Non-Operating Revenue Total 657,500 660,783 3,283 100.50% 144,494 27.99%
Total Revenue 5,305,750 5,649,478 343,728 106.48% 646,339 12.92%
K
200K
400K
600K
800K
1.0M
1.2M
1.4M
Q1 Q2 Q3 Q4
STORMWATER CHARGES
FY2021 FY2022 FY2023
45
Quarterly Financial Report
FY2023 Revenue Projections:
Stormwater Services
Quarterly Comparison: Q4 FY23 Budget FY2023
FY2023 Year-to-date: Budget Vs.
Actuals Year-End: Projections Vs. Actuals
FY2023 YTD Actuals: Q4
FY23 Variance % of Budget Projections
FY2023
Variance
Fav/(Unfav) % of Projection
Operating Revenue
41002:Penalties 57,500 51,591 (5,909) 89.72% 57,500 (5,909) 89.72%
42001:Interest Income 15,300 140,815 125,515 920.36% 100,082 40,733 140.70%
43605:Stormwater Charges 4,575,450 4,796,289 220,839 104.83% 4,568,218 228,071 104.99%
Operating Revenue Total 4,648,250 4,988,695 340,445 107.32% 4,725,800 262,895 105.56%
Non-Operating Revenue
46001:Bond Proceeds 657,500 585,000 (72,500) 88.97% 585,000 -100.00%
46002:Bond Premium - 75,783 75,783 0.00% 75,783 0 100.00%
Non-Operating Revenue Total 657,500 660,783 3,283 100.50% 660,783 0 100.00%
Total Revenue 5,305,750 5,649,478 343,728 106.48% 5,386,583 262,895 104.88%
Total revenues were projected to end FY2023 at $5,386,583. Through the quarter, actuals are
104.88% of total projections.
STORMWATER EXPENSES:
Operating expenses in the Stormwater Fund include a budget of $6,155,861. Year-to-date
operating expenses total $5,950,857. Operating Capital has a budget of $500,000 for infrastructure
improvements, various drainage and flood mitigation maintenance, and equipment. Year-to-date
operating capital is $76,162, or 15.23% of budget. Year-to-date Operational expenses are 85.58% over
the prior year primarily due to an increase in the allocation to the Joint Services fund for customer
care and billing services and an increase in the cost of mowing contracts due to inflation.
The budget for non-operating expenses totals $1,931,435. This includes a CIP expense of $1,381,411
for the construction of curb and gutters as well as drainage improvements and Stormwater
Infrastructure. Debt Service has a budget of $550,024.
Stormwater Services
Quarterly Comparison: Q4 FY23 Budget FY2022 FY2023
FY2023 Year-to-date: Budget Vs.
Actuals Quarterly Comparison
FY2023 YTD Actuals: Q4
FY22
YTD Actuals: Q4
FY23 Variance % of Budget Variance % Variance
Operating Expense
Personnel 878,076 680,310 788,814 89,262 89.83% (108,504) 15.95%
Operations 4,099,103 2,362,615 4,384,615 (285,512) 106.97% (2,022,001) 85.58%
Operating Capital 500,000 34,321 76,162 423,838 15.23% (41,840) 121.91%
Transfers 678,682 630,263 701,267 (22,585) 103.33% (71,003) 11.27%
Total Operating Expenses 6,155,861 3,707,510 5,950,857 205,004 96.67% (2,243,348) 60.51%
Non-Operating Expense
CIP Expense 1,381,411 179,436 790,012 591,399 57.19% (610,576) 340.27%
Debt Service 550,024 491,621 533,076 16,948 96.92% (41,455) 8.43%
Non-Operating Expense Total 1,931,435 671,057 1,323,088 608,347 68.50% (652,031) 97.16%
Expense Total 8,087,296 4,378,567 7,273,945 813,351 89.94% (2,895,378) 66.13% 46
Quarterly Financial Report
FY2023 Expense Projections:
Stormwater Services
Quarterly Comparison: Q4 FY23 Budget FY2023
FY2023 Year-to-date: Budget Vs.
Actuals Year-End: Projections Vs. Actuals
FY2023 YTD Actuals: Q4
FY23 Variance % of Budget Projections
FY2023
Variance
Fav/(Unfav) % of Projection
Operating Expense
Personnel 878,076 788,814 89,262 89.83% 797,703 8,889 98.89%
Operations 4,099,103 4,384,615 (285,512) 106.97% 4,380,606 (4,009) 100.09%
Operating Capital 500,000 76,162 423,838 15.23% 250,000 173,838 30.46%
Transfers 678,682 701,267 (22,585) 103.33% 722,500 21,233 97.06%
Total Operating Expenses 6,155,861 5,950,857 205,004 96.67% 6,150,809 199,951 96.75%
Non-Operating Expense
CIP Expense 1,381,411 790,012 591,399 57.19% 1,381,411 591,399 57.19%
Debt Service 550,024 533,076 16,948 96.92% 551,111 18,035 96.73%
Non-Operating Expense Total 1,931,435 1,323,088 608,347 68.50% 1,932,522 609,434 68.46%
Expense Total 8,087,296 7,273,945 813,351 89.94% 8,083,331 809,385 89.99%
Total expenses were projected to end FY2023 at $8,083,331. Through the quarter, actual expenses
are 89.99% of total projections.
Ending fund balance is budgeted to be $1,693,728 in FY2023 with an operating contingency
reserve of $354,160 and a debt service reserve of $505,926.
The Stormwater Fund is currently undergoing a cost of service study to ensure rates recover fixed
and variable costs of the utility. Results are expected in spring of 2024 in preparation for the FY2025
budget. 47
Quarterly Financial Report
Fund Schedule:
Stormwater Services
Period: Sep-23 Budget Current Period FY2023
FY2023 Year-to-date: Budget
Vs. Actuals Year-End: Projections Vs. Actuals
FY2023 Sep-23 YTD Actuals:
Q4 FY23 Variance % of Budget Projections Variance % of Projection
Beginning Fund Balance 4,475,274 4,475,274 -100.00% 4,475,274 -100.00%
Operating Revenues
41002:Penalties 57,500 3,923 51,591 (5,909) 89.72% 57,500 (5,909) 89.72%
42001:Interest Income 15,300 11,632 140,815 125,515 920.36% 100,082 40,733 140.70%
43605:Stormwater Charges 4,575,450 379,469 4,796,289 220,839 104.83% 4,568,218 228,071 104.99%
Total Operating Revenues 4,648,250 395,024 4,988,695 340,445 107.32% 4,725,800 262,895 105.56%
Operating Expenses
Personnel 878,076 91,781 788,814 89,262 89.83% 797,703 8,889 98.89%
Operations 4,099,103 540,199 4,384,615 (285,512) 106.97% 4,380,606 (4,009) 100.09%
Operating Capital 500,000 43,200 76,162 423,838 15.23% 250,000 173,838 30.46%
Transfers 678,682 28,252 701,267 (22,585) 103.33% 722,500 21,233 97.06%
Total Operating Expenses 6,155,861 703,432 5,950,857 205,004 96.67% 6,150,809 199,951 96.75%
Available Operating Funds (1,507,611) (308,408) (962,162) 545,449 63.82% (1,425,009) 462,846 67.52%
Non-Operating Revenues
46001:Bond Proceeds 657,500 - 585,000 (72,500) 88.97% 585,000 -0.00%
46002:Bond Premium - - 75,783 75,783 0.00% 75,783 0 0.00%
Total Non-Operating Revenues 657,500 - 660,783 3,283 100.50% 660,783 0 0.00%
Non-Operating Expenses
CIP Expense 1,381,411 107,853 790,012 591,399 57.19% 1,381,411 591,399 57.19%
Debt Service 550,024 - 533,076 16,948 96.92% 551,111 18,035 96.73%
Total Non-Operating Expenses 1,931,435 107,853 1,323,088 608,347 68.50% 1,932,522 609,434 68.46%
Excess (Deficiency) of Total Revenue
over Total Requirements (2,781,546) (416,261) (1,624,467) 1,157,079 58.40% (2,696,748) 1,072,281 60.24%
Ending Fund Balance 1,693,728 (416,261) 2,850,807 1,157,079 168.32% 1,778,526 1,072,281 160.29%
Reserves
Contingency Reserve 354,160 354,160 -100.00% 354,160 -100.00%
Debt Service Reserve 505,926 505,926 -100.00% 505,926 -100.00%
Reserves Total 860,086 860,086 -100.00% 860,086 -100.00%
Estimated CIP Roll Forward 591,399
Estimated Operational Roll Forward 69,712
Available Fund Balance 833,642 1,329,610 1,157,079 159.49% 918,440 411,170 144.77% 48
Quarterly Financial Report
F
VILLAGE PID MONTHLY REPORT AS OF SEPTEMBER 30, 2023
VILLAGE PID REVENUES:
Village PID budgeted revenues total $530,845
and are comprised of property tax and allocated
interest. The City receives the bulk of property tax
revenues in December and January. Budgeted
revenues for the City this year 529,845 in property
tax revenue, as well as $1,000 in allocated interest.
Through the end of the fourth quarter of FY2023,
property tax revenue totals $521,547, or 98.43% of
budget. FY2023 Property tax revenue is up 3.60%,
or $18,053 compared to FY2022. Collection rates
and protested values can affect property tax revenue.
Total revenues were projected to end FY2023 at $520,208. Year To Date actuals are $521,547.
Through the quarter, actuals are 100.26% of total projections.
Village PID Expenses:
Village PID expenses include administrative charges, capital, contractual services,
insurance, maintenance, and marketing. Year-to-date operational and capital expenses total
$325,749 or 45.19% of budget. The Parks Department has contracted for Parks Capital
Improvements which total $64,100 year to date, leaving a remaining budget of $239,520.
Total expenses are projected to end FY2023 at $592,044. Through the quarter, actual expenses
are 55.02% of total projections. There was a delay in Capital Outlay – Improvement expenses
in FY2023, which can be rolled forward into FY2024.
Ending Fund Balance in FY2023 for Village PID is budgeted at $707,571. After accounting for
the contingency reserve of $111,453 and a capital reserve of $40,222, this fund will have a
budgeted available fund balance of $555,896.
K
150K
300K
450K
Q1 Q2
PROPERTY TAX
REVENUES
FY2021 FY2022 FY2023
49
Quarterly Financial Report
F
Fund Schedule:
Village PID
Period: Sep-23 Budget
Current
Period FY2023
FY2023 Year-to-date:
Budget vs. Actuals Year-End: Projections Vs. Actuals
FY2023 Sep-23 YTD Actuals: Q4 FY23 Variance % of Budget Projection Variance Fav/(Unfav) % of Projection
Beginning Fund Balance 897,526 897,526 -100.00% 897,526 -100.00%
Revenue
40001:Property Taxes 529,845 (597) 521,547 (8,298) 98.43% 520,208 1,339 100.26% 42001:Interest Income 1,000 - - (1,000) 0.00% - - 0.00%
Revenue Total 530,845 (597) 521,547 (9,298) 98.25% 520,208 1,339 100.26%
Expense
53002:Postage & Freight 427 - 427 -100.00% 430 3 99.36% 53004:Insurance Expense 1,061 - - 1,061 0.00% - - 0.00%
51001:Administrative Expense 46,388 3,866 46,388 (0)100.00% 46,388 (0)100.00%
51002:Publishing & Printing 1,801 - 87 1,713 4.85% - (87)0.00%51003:Marketing &
Promotional 5,000 - 5,875 (875)117.50% 7,000 1,125 83.93%51004:Contractual Services 21,218 1,250 20,345 873 95.89% 22,500 2,155 90.42%
51005:Professional Services - - 365 (365)0.00% 365 0 99.95%
51007:Contracts & Leases 264,053 16,190 149,921 114,132 56.78% 188,345 38,424 79.60%51008:Utilities 67,538 7,275 66,166 1,372 97.97% 67,436 1,270 98.12%
52501:Office Supplies 300 - 58 242 19.33% 60 2 96.63% 52509:Maintenance
Expense 53,494 5,617 5,617 47,877 10.50% - (5,617) 0.00% 60009:Capital Outlay -
Improvements 259,520 - 20,000 239,520 7.71% 259,520 239,520 7.71% 62001:CIP Expense - - 10,500 (10,500) 0.00% -0.00% Expense Total 720,800 34,198 325,749 395,051 45.19% 592,044 266,295 55.02%
Excess (Deficiency) of Total Revenue over Total
Requirements (189,955) (34,795) 195,798 (385,753) -103.08% (71,836) 267,634 -272.56%
Ending Fund Balance 707,571 (34,795) 1,093,324 385,753 154.52% 825,690 267,634 132.41%
Reserves Contingency Reserve 111,453 - 111,453 - 100.00% 111,453 - 100.00%Capital Reserve 40,222 - 40,222 - 100.00% 40,222 - 100.00%Reserves Total 151,675 151,675 -100.00% 151,675 - 100.00%
Available Fund Balance 555,896 - 941,649 385,753 169.39% 674,015 267,634 139.71%
50
Quarterly Financial Report
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 forth quarter of fiscal year 2023
includes the maturing, reinvesting, new investments of financial institution deposits
(CDs) & purchases of treasury/agency securities. Interest rates continued to increase
during this quarter after the FOMC met. We continue to work closely with Valley
View Consulting to select the best investments as the market is changing.
The FOMC met in January and March where they announced increases in the Fed
Funds Rate from 4.75-5% in March to 5-5.25% in May 23. The FOMC will meet again
July 26th and September 20th during the 4th quarter. The City will continue soliciting
for the best rates to improve both diversity and yield, while keeping in mind safety
and liquidity.
FOMC Meeting Date Rate Change (bps) Federal Funds Rate
September 20, 2023 0 5.25% to 5.50%
July 26, 2023 25 5.25% to 5.50%
May 3, 2023 25 5.00% to 5.25%
March 22, 2023 25 4.75% to 5.00%
February 1, 2023 25 4.50% to 4.75%
December 14, 2022 50 4.25% to 4.50%
November 2, 2022 75 3.75% to 4.00%
September 21, 2022 75 3.00% to 3.25%
July 27, 2022 75 2.25% to 2.50%
June 16, 2022 75 1.50% to 1.75%
May 5, 2022 50 0.75% to 1.00%
March 17, 2022 25 0.25% to 0.50%
The Investment Reports are for the quarter ending September 30, 2023. 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 as of September 30, 2023, 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). Included in the City
portfolio are debt service, consolidated funds, and bond proceeds. The breakdown
of the City’s portfolio is consolidated at 35.26%, debt service at .70%, and bond
proceeds/grants/reserved fund at 64.04%.
The City portfolio decreased during this quarter due to making debt service
payments in August. The GEDCO portfolio increased in this quarter, even with debt
service payments due to interest earnings and an internal transfer from the Rivery
TIRZ. The GTEC portfolio decreased due to debt service payments.
51
Quarterly Financial Report
The average yield increased on all portfolios due to increased rates in our pools,
newly purchased cd’s, and treasury/agency securities. Rates on securities have
helped the city diversify the portfolio compared to the prior year’s holdings.
CITY Market Value GTEC GEDCO
6/30/23 9/30/23 6/30/23 9/30/23 6/30/23 9/30/23
Total cash
and
investments
$899,378,504 $832,668,929 $45,694,863 $43,108,356 $10,880,626 $11,189,420
Quarter
End
Average
Yield
4.86% 5.22% 5.06% 5.44% 5.11% 5.46%
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.
HDR Engineering was hired to manage and expedite the completion of bond
funded capital projects. Finance staff also assisted Economic Development staff with
an updated cash flow model for GEDCO to manage incentive agreement payments
and potential new projects.
52
Quarterly Financial Report
The City’s investment portfolio generally includes bank deposits, local government
investment pool balances, money market accounts, financial institution deposits
(CD’s), and securities/agencies. All of these investments meet the safety
requirements of the PFIA. Local Government Investment Pools must maintain a
rating of AAAm, Securities (Treasury Bills) must have direct or implied backing of the
Federal Government and Financial Institution Deposits (CDs and money market
accounts) must be collateralized with FDIC insurance or obligations with 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.
III. CAPITAL IMPROVEMENT PROJECTS
A financial summary of capital improvement projects is attached to this report. This
report provides a Life-to-Date picture of all active projects since many capital
projects take multiple fiscal years to construct to completion. With our growing
capital infrastructure implementation portfolio due to demand for transportation
and water services, City staff are improving work capacity and efficiencies, and
ultimately customer service, related to capital projects. The focus is on incrementally
improving capital project reporting internally and externally citywide – including
financial information as well as scheduling, geographic location, and other
information. Staff are exploring functionality in ClearGov, the new digital budget
book platform, as a tool to improve capital project reporting. A Communications and
Public Engagement staff person has also been re-organized to focus on capital
project status updates. For the FY2023 Budget, staff were added to the Water, Public
Works, and Engineering departments to assist with the workload of the capital
improvement plan. Additionally, Council agreed to implement a hybrid approach to
capital project management, and to hire contracted staff to manage transportation
and facilities projects over the next 3 or more years.
53
Quarterly Financial Report
CITY
QUARTERLY INVESTMENT REPORT
For the Quarter Ended
September 30, 2023
Prepared by
Valley View Consulting, L.L.C.
________________________________________________________________________
Leigh Wallace Nathan Parras
Finance Director Assistant Finance Director
________________________________________________________________________
Karrie Pursley Elaine Wilson
Treasurer Assistant Finance Director
The investment portfolio of the City of Georgetown is in compliance with the Public Funds Investment Act and
the Investment Policy and Strategies.
Disclaimer:These reports were compiled using information provided by the City.No procedures were performed to test the accuracy or
completeness of this information.The market values included in these reports were obtained by Valley View Consulting,L.L.C.from
sources believed to be accurate and represent proprietary valuation.Due to market fluctuations these levels are not necessarily reflective
of current liquidation values.Yield calculations are not determined using standard performance formulas,are not representative of total
return yields and do not account for investment advisor fees.
54
Quarterly Financial Report
FYE Results by Investment Category:
Asset Type Ave. Yield Book Value Market Value Ave. Yield Book Value Market Value
Demand Accounts 0.50%12,506,553$ 12,506,553$ 0.00%82,661$ 82,661$
NOW/MMA 2.84%32,888,931 32,888,931 5.39%25,959,402 25,959,402
Pools 2.30%373,311,718 373,311,718 5.31%275,293,441 275,293,441
CDs/Securities 1.80%312,336,041 312,250,541 5.16%531,432,584 531,333,424
Totals 731,043,243$ 730,957,743$ 832,768,089$ 832,668,929$
Fourth Quarter-End Yield 2.08%5.22%
Average Quarter-End Yields (1):
2022 Fiscal Year 2023 Fiscal Year
Georgetown-City 0.89%4.45%
Rolling Three Month Treasury 1.06%4.95%
Rolling Six Month Treasury 1.01%4.77%
TexPool 0.90%4.74%
(1)Average Quarterly Yield calculated using quarter-end report average yield and adjusted book value.
September 30, 2022
Annual Comparison of Portfolio Performance
September 30, 2023
City of Georgetown Valley View Consulting, L.L.C.155
Quarterly Financial Report
Summary
Quarter End Results by Investment Category:
Asset Type Book Value Market Value Book Value Market Value Ave. Yield
Demand Accounts 845,947$ 845,947 82,661$ 82,661$ 0.00%
NOW/MMA 34,000,681 34,000,681 25,959,402 25,959,402 5.39%
Pools 438,124,654 438,124,654 275,293,441 275,293,441 5.31%
CDs/Securities 426,611,729 426,407,221 531,432,584 531,333,424 5.16%
Totals 899,583,011$ 899,378,504$ 832,768,089$ 832,668,929$ 5.22%
Quarter End Average Yield (1) Fiscal Year-to-Date Average Yield (2)
Total Portfolio 5.22%Total Portfolio 4.45%
Rolling Three Month Treasury 5.54%Rolling Three Month Treasury 4.95%
Rolling Six Month Treasury 5.38%Rolling Six Month Treasury 4.77%
TexPool 5.32%TexPool 4.74%
Bank Fees Offset
594$
Interest earnings provided in separate report.13,370$
June 30, 2023
(1)Quarter End Average Yield - based on adjusted book value, realized and unrealized gains/losses and investment advisory fees are not
considered. The yield for the reporting month is used for bank, pool, and money market balances.
(2)Fiscal Year-to-Date Average Yield - calculated using quarter end report yields and adjusted book values and does not reflect a total return
analysis or account for advisory fees.
Quarterly Bank Fees Offset
Year-to-date Bank Fees Offset
September 30, 2023
City of Georgetown Valley View Consulting, L.L.C.256
Quarterly Financial Report
Economic Overview 9/30/2023
The Federal Open Market Committee (FOMC) maintained the Fed Funds target range 0.25% to 5.25% - 5.50% (Effective Fed Funds are trading +/-5.33%). A pause is projected at least until the
September 19-20 meeting, with any future actions data-dependent. Second Quarter 2023 GDP posted 2.1%. September Non-Farm Payroll surged up 336k new jobs, above the 170k projection.
The S&P Stock Index continued to slide below 4,300. The yield curve drifted higher on the long end. Crude Oil traded +/-$85 per barrel. Inflation drifted lower but still over the FOMC 2% target
(Core PCE +/-3.9% and CPI +/-3.7%). The slowing China and German economies, Ukrainian/Russian and Israeli/Hamas conflicts continue to weight on future outlooks.
02505007501,0001,2501,5001,7502,0002,2502,5002,7503,0003,2503,5003,7504,0004,2504,5004,7505,0005,250 S&P 500
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5.50
6.00 US Treasury Historical Yields - Since Nov 2015
Six Month T-Bill Two Year T-Note Ten Year T-Note
0.00
1.00
2.00
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4.00
5.00
6.00 Treasury Yield Curves
September 30, 2022 June 30, 2023 September 30, 2023
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Six Month T-Bill Two Year T-Note Ten Year T-Note
Valley View Consulting, L.L.C.357
Quarterly Financial Report
City - Investment Holdings
Coupon/Maturity Settlement Face Amount/Book Market Market Life
Description Ratings Discount Date Date Par Value Value Price Value (Day)Yield
JPMorgan Chase MMA 1.65%10/01/23 09/30/23 440,091$ 440,091$ 1.00 440,091$ 1 1.65%
Wells Fargo Bank Cash 5.31%10/01/23 09/30/23 82,661 82,661 1.00 82,661 1 5.31%
Wells Fargo Bank Sweep-MMF 5.31%10/01/23 09/30/23 9,035,571 9,035,571 1.00 9,035,571 1 5.31%
Veritex Community Bank MMA 5.31%10/01/23 09/30/23 3,390,187 3,390,187 1.00 3,390,187 1 5.31%
NexBank MMA 5.55%10/01/23 09/30/23 13,093,553 13,093,553 1.00 13,093,553 1 5.55%
TexPool AAAm 5.32%10/01/23 09/30/23 31,175,398 31,175,398 1.00 31,175,398 1 5.32%
TexSTAR AAAm 5.31%10/01/23 09/30/23 244,118,043 244,118,043 1.00 244,118,043 1 5.31%
Bank OZK CD 4.93%09/30/23 03/30/23 25,629,056 25,629,056 100.00 25,629,056 0 5.05%
Bank OZK CD 0.20%10/09/23 10/08/21 5,019,310 5,019,310 100.00 5,019,310 9 0.20%
East West Bank CD 5.18%10/12/23 04/12/23 13,958,905 13,958,905 100.00 13,958,905 12 5.32%
FHLB Aaa/AA+0.00%10/13/23 10/17/22 2,500,000 2,496,064 99.84 2,496,087 13 4.56%
East West Bank CD 4.76%10/18/23 01/18/23 10,339,465 10,339,465 100.00 10,339,465 18 4.87%
East West Bank CD 4.53%10/19/23 10/19/22 2,610,010 2,610,010 100.00 2,610,010 19 4.63%
FHLB Aaa/AA+5.17%10/24/23 02/27/23 10,000,000 9,967,067 99.86 9,968,722 24 5.17%
Bank OZK CD 0.30%11/13/23 11/12/21 10,055,315 10,055,315 100.00 10,055,315 44 0.30%
East West Bank CD 5.33%11/13/23 05/10/23 3,146,685 3,146,685 100.00 3,146,685 44 5.47%
East West Bank CD 5.33%11/15/23 05/15/23 5,218,172 5,218,172 100.00 5,218,172 46 5.47%
FAMCA 4.75%11/22/23 11/22/22 2,000,000 2,000,000 99.86 1,997,296 53 4.75%
East West Bank CD 5.29%12/11/23 03/09/23 9,272,734 9,272,734 100.00 9,272,734 72 5.43%
FAMCA 4.95%12/13/23 12/13/22 10,000,000 10,000,000 99.85 9,985,183 74 4.95%
East West Bank CD 5.59%12/20/23 06/20/23 2,617,868 2,617,868 100.00 2,617,868 81 5.75%
Alliance Bank CD 5.10%12/27/23 12/27/22 1,038,776 1,038,776 100.00 1,038,776 88 5.20%
Bank OZK CD 4.93%12/30/23 03/30/23 26,654,219 26,654,219 100.00 26,654,219 91 5.05%
Alliance Bank CD 5.15%01/12/24 01/13/23 5,128,507 5,128,507 100.00 5,128,507 104 5.25%
East West Bank CD 4.99%01/12/24 04/12/23 10,237,915 10,237,915 100.00 10,237,915 104 5.12%
East West Bank CD 5.73%01/17/24 07/17/23 20,240,029 20,240,029 100.00 20,240,029 109 5.90%
East West Bank CD 4.71%01/18/24 01/18/23 10,335,840 10,335,840 100.00 10,335,840 110 4.82%
Veritex Community Bank CD 4.84%01/23/24 01/23/23 10,326,803 10,326,803 100.00 10,326,803 115 4.95%
East West Bank CD 5.09%01/26/24 04/26/23 4,089,106 4,089,106 100.00 4,089,106 118 5.22%
East West Bank CD 5.74%02/01/24 08/01/23 2,087,988 2,087,988 100.00 2,087,988 124 5.91%
Southside Bank CD 3.32%02/02/24 08/02/22 10,336,156 10,336,156 100.00 10,336,156 125 3.32%
East West Bank CD 5.74%02/02/24 08/02/23 5,047,398 5,047,398 100.00 5,047,398 125 5.91%
East West Bank CD 5.76%02/15/24 08/15/23 4,202,173 4,202,173 100.00 4,202,173 138 5.93%
Independent Financial CD 5.15%02/15/24 05/15/23 12,204,472 12,204,472 100.00 12,204,472 138 5.27%
FHLB Aaa/AA+5.35%02/28/24 03/06/23 20,000,000 20,000,000 99.99 19,997,680 151 5.35%
East West Bank CD 5.24%03/11/24 03/09/23 10,300,131 10,300,131 100.00 10,300,131 163 5.38%
September 30, 2023
City of Georgetown Valley View Consulting, L.L.C.458
Quarterly Financial Report
City - Investment Holdings
Coupon/Maturity Settlement Face Amount/Book Market Market Life
Description Ratings Discount Date Date Par Value Value Price Value (Day)Yield
September 30, 2023
East West Bank CD 5.72%03/11/24 09/11/23 4,012,556 4,012,556 100.00 4,012,556 163 5.89%
East West Bank CD 5.73%03/18/24 09/18/23 13,026,556 13,026,556 100.00 13,026,556 170 5.90%
BOK Financial CD 4.88%03/23/24 02/22/23 8,207,978 8,207,978 100.00 8,207,978 175 5.00%
Third Coast Bank CD 5.65%03/28/24 06/28/23 8,113,929 8,113,929 100.00 8,113,929 180 5.77%
East West Bank CD 5.62%04/17/24 07/17/23 5,058,849 5,058,849 100.00 5,058,849 200 5.78%
Bank OZK CD 4.92%04/18/24 04/18/23 10,208,362 10,208,362 100.00 10,208,362 201 5.04%
East West Bank CD 4.92%04/26/24 04/26/23 10,215,245 10,215,245 100.00 10,215,245 209 5.04%
East West Bank CD 5.63%05/02/24 08/02/23 20,185,941 20,185,941 100.00 20,185,941 215 5.79%
Independent Financial CD 4.99%05/09/24 02/09/23 8,191,432 8,191,432 100.00 8,191,432 222 5.08%
T-Note Aaa/AA+0.25%05/15/24 11/22/22 2,000,000 1,946,601 96.82 1,936,484 228 4.72%
East West Bank CD 5.64%05/15/24 08/15/23 5,233,078 5,233,078 100.00 5,233,078 228 5.80%
BOK Financial CD 5.10%05/16/24 05/18/23 8,000,000 8,000,000 100.00 8,000,000 229 5.23%
East West Bank CD 5.66%06/11/24 09/11/23 5,015,530 5,015,530 100.00 5,015,530 255 5.82%
Alliance Bank CD 5.10%06/14/24 12/15/22 10,387,756 10,387,756 100.00 10,387,756 258 5.20%
East West Bank CD 5.32%06/17/24 06/16/23 15,698,159 15,698,159 100.00 15,698,159 261 5.46%
Alliance Bank CD 5.10%06/27/24 12/27/22 13,608,571 13,608,571 100.00 13,608,571 271 5.20%
Veritex Community Bank CD 5.45%07/15/24 07/14/23 10,092,790 10,092,790 100.00 10,092,790 289 5.59%
East West Bank CD 5.50%07/17/24 07/17/23 5,057,585 5,057,585 100.00 5,057,585 291 5.65%
Independent Financial CD 4.50%07/24/24 01/23/23 10,223,149 10,223,149 100.00 10,223,149 298 4.58%
FHLB Aaa/AA+5.18%07/26/24 02/28/23 10,000,000 10,000,000 99.65 9,964,841 300 5.18%
Alliance Bank CD 5.80%08/02/24 08/01/23 5,000,000 5,000,000 100.00 5,000,000 307 5.93%
Veritex Community Bank CD 5.53%08/05/24 08/23/23 5,023,484 5,023,484 100.00 5,023,484 310 5.67%
East West Bank CD 5.52%08/19/24 08/17/23 5,034,141 5,034,141 100.00 5,034,141 324 5.67%
FFCB Aaa/AA+4.88%08/21/24 02/27/23 4,000,000 3,989,165 99.51 3,980,276 326 5.19%
Alliance Bank CD 5.70%09/06/24 09/07/23 10,000,000 10,000,000 100.00 10,000,000 342 5.82%
Veritex Community Bank CD 5.56%09/11/24 09/13/23 10,000,000 10,000,000 100.00 10,000,000 347 5.70%
Veritex Community Bank CD 5.56%09/25/24 09/25/23 10,050,189 10,050,189 100.00 10,050,189 361 5.70%
Alliance Bank CD 5.75%11/01/24 08/01/23 5,000,000 5,000,000 100.00 5,000,000 398 5.88%
Alliance Bank CD 5.10%12/13/24 12/15/22 10,387,756 10,387,756 100.00 10,387,756 440 5.20%
T-Note Aaa/AA+1.00%12/15/24 06/14/23 5,000,000 4,775,076 94.96 4,748,242 442 4.91%
Alliance Bank CD 5.70%02/24/25 08/23/23 5,000,000 5,000,000 100.00 5,000,000 513 5.82%
Third Coast Bank CD 5.10%06/28/25 06/28/23 10,128,548 10,128,548 100.00 10,128,548 637 5.20%
TOTALS 833,094,117$ 832,768,089$ 832,668,929$ 119 5.22%
(1)(2)
(1) Weighted average life - For purposes of calculating weighted average life, bank accounts, pools and money market funds are assumed to have an one day maturity.
City of Georgetown Valley View Consulting, L.L.C.559
Quarterly Financial Report
City - Investment Holdings
Coupon/Maturity Settlement Face Amount/Book Market Market Life
Description Ratings Discount Date Date Par Value Value Price Value (Day)Yield
September 30, 2023
(2) Weighted average yield to maturity - The weighted average yield to maturity is based on adjusted book value, realized and unrealized gains/losses and investment advisory fees are not
considered. The yield for the reporting month is used for bank accounts, pools, and money market funds.
(3) Earnings Credit - The City's depository accounts provide an earnings credit on balances which is used to offset bank fees.
City of Georgetown Valley View Consulting, L.L.C.660
Quarterly Financial Report
0–6 Months72%
6–12 Months24%
12–18 Months2%18+ Months2%
Current Quarter Maturities
$0
$100,000,000
$200,000,000
$300,000,000
$400,000,000
$500,000,000
$600,000,000
$700,000,000
$800,000,000
$900,000,000
$1,000,000,000
12/31/22 03/31/23 06/30/23 09/30/23
Portfolio Balances
Money Market
Local Depository
TexSTAR
TexPool
Certificate of Deposit
Securities
166174166
102
69
90
7375
109104
123
156163
97108
87
51
67
4941
91
73
6154
99
71
124
95100
8070676358
818274
104113123
156
788697
128
108119
0
50
100
150
200
#
o
f
D
a
y
s
Weighted Average to Maturity JPMorgan Chase0%Wells Fargo Bank1%Southside Bank 1%
Veritex Community Bank 6%
Bank OZK10%
NexBank2%
TexPool4%
TexSTAR30%FAMCA1%
Alliance Bank8%
East West Bank25%
FHLB5%
BOK Financial2%
FFCB0%
Third Coast Bank2%
Portfolio Holdings by Issuer
City of Georgetown Valley View Consulting, L.L.C.
761
Quarterly Financial Report
City - Book & Market Value Comparison
Issuer/Description Yield Maturity
Date
Book Value
06/30/23 Increases Decreases Book Value
09/30/23
Market Value
06/30/23
Change in
Market Value
Market Value
09/30/23
JPMorgan Chase Cash 0.00%10/01/23 618,137$ –$ (618,137)$ –$ 618,137$ (618,137)$ –$
JPMorgan Chase MMA 1.65%10/01/23 438,323 1,768 – 440,091 438,323 1,768 440,091
Wells Fargo Bank Cash 5.31%10/01/23 227,810 – (145,149) 82,661 227,810 (145,149) 82,661
Wells Fargo Bank Sweep-MMF 5.31%10/01/23 17,302,185 – (8,266,614) 9,035,571 17,302,185 (8,266,614) 9,035,571
Veritex Community Bank MMA 5.31%10/01/23 3,345,666 44,520 – 3,390,187 3,345,666 44,520 3,390,187
NexBank MMA 5.55%10/01/23 12,914,507 179,047 – 13,093,553 12,914,507 179,047 13,093,553
TexPool 5.32%10/01/23 40,801,750 – (9,626,351) 31,175,398 40,801,750 (9,626,351) 31,175,398
TexSTAR 5.31%10/01/23 397,322,905 – (153,204,862) 244,118,043 397,322,905 (153,204,862) 244,118,043
Alliance Bank CD 3.14%07/01/23 4,093,809 – (4,093,809) – 4,093,809 (4,093,809) – FHLB 0.00%07/31/23 4,981,422 – (4,981,422) – 4,981,247 (4,981,247) –
East West Bank CD 3.10%08/01/23 2,062,706 – (2,062,706) – 2,062,706 (2,062,706) –
Alliance Bank CD 3.19%08/02/23 1,023,746 – (1,023,746) – 1,023,746 (1,023,746) –
Bank OZK CD 0.00%08/14/23 5,016,704 – (5,016,704) – 5,016,704 (5,016,704) –
East West Bank CD 4.67%08/15/23 5,166,090 – (5,166,090) – 5,166,090 (5,166,090) –
East West Bank CD 5.15%08/15/23 4,145,390 – (4,145,390) – 4,145,390 (4,145,390) –
Texas Capital Bank CD 3.30%08/24/23 2,569,662 – (2,569,662) – 2,569,662 (2,569,662) –
FHLB 0.00%09/13/23 13,347,723 – (13,347,723) – 13,295,077 (13,295,077) –
FFCB 0.00%09/22/23 917,711 – (917,711) – 914,394 (914,394) –
Veritex Community Bank CD 0.00%09/25/23 10,043,790 – (10,043,790) – 10,043,790 (10,043,790) –
Bank OZK CD 5.05%09/30/23 25,312,574 316,482 – 25,629,056 25,312,574 316,482 25,629,056 Bank OZK CD 0.20%10/09/23 5,016,767 2,542 – 5,019,310 5,016,767 2,542 5,019,310
East West Bank CD 5.32%10/12/23 13,777,849 181,056 – 13,958,905 13,777,849 181,056 13,958,905
FHLB 4.56%10/13/23 2,468,208 27,856 – 2,496,064 2,465,046 31,041 2,496,087
East West Bank CD 4.87%10/18/23 10,216,163 123,302 – 10,339,465 10,216,163 123,302 10,339,465 East West Bank CD 4.63%10/19/23 2,580,380 29,630 – 2,610,010 2,580,380 29,630 2,610,010
FHLB 5.17%10/24/23 9,840,822 126,244 – 9,967,067 9,845,225 123,497 9,968,722
Bank OZK CD 0.30%11/13/23 10,047,690 7,625 – 10,055,315 10,047,690 7,625 10,055,315
East West Bank CD 5.47%11/13/23 3,104,697 41,988 – 3,146,685 3,104,697 41,988 3,146,685
East West Bank CD 5.47%11/15/23 5,148,542 69,630 – 5,218,172 5,148,542 69,630 5,218,172
FAMCA 4.75%11/22/23 2,000,000 – – 2,000,000 1,994,665 2,631 1,997,296
East West Bank CD 5.43%12/11/23 9,149,924 122,810 – 9,272,734 9,149,924 122,810 9,272,734
FAMCA 4.95%12/13/23 10,000,000 – – 10,000,000 9,962,084 23,099 9,985,183
East West Bank CD 5.75%12/20/23 2,581,244 36,624 – 2,617,868 2,581,244 36,624 2,617,868
Alliance Bank CD 5.20%12/27/23 1,025,592 13,184 – 1,038,776 1,025,592 13,184 1,038,776
Bank OZK CD 5.05%12/30/23 26,325,077 329,141 – 26,654,219 26,325,077 329,141 26,654,219 Alliance Bank CD 5.25%01/12/24 5,063,493 65,014 – 5,128,507 5,063,493 65,014 5,128,507
East West Bank CD 5.12%01/12/24 10,109,963 127,953 – 10,237,915 10,109,963 127,953 10,237,915
East West Bank CD 5.90%01/17/24 – 20,240,029 – 20,240,029 – 20,240,029 20,240,029
East West Bank CD 4.82%01/18/24 10,213,869 121,972 – 10,335,840 10,213,869 121,972 10,335,840 Veritex Community Bank CD 4.95%01/23/24 10,201,840 124,964 – 10,326,803 10,201,840 124,964 10,326,803
East West Bank CD 5.22%01/26/24 4,036,983 52,123 – 4,089,106 4,036,983 52,123 4,089,106
City of Georgetown Valley View Consulting, L.L.C.862
Quarterly Financial Report
City - Book & Market Value Comparison
Issuer/Description Yield Maturity
Date
Book Value
06/30/23 Increases Decreases Book Value
09/30/23
Market Value
06/30/23
Change in
Market Value
Market Value
09/30/23
East West Bank CD 5.91%02/01/24 – 2,087,988 – 2,087,988 – 2,087,988 2,087,988
Southside Bank CD 3.32%02/02/24 10,250,379 85,777 – 10,336,156 10,250,379 85,777 10,336,156
East West Bank CD 5.91%02/02/24 – 5,047,398 – 5,047,398 – 5,047,398 5,047,398
East West Bank CD 5.93%02/15/24 – 4,202,173 – 4,202,173 – 4,202,173 4,202,173
Independent Financial CD 5.27%02/15/24 12,050,795 153,677 – 12,204,472 12,050,795 153,677 12,204,472
FHLB 5.35%02/28/24 20,000,000 – – 20,000,000 19,983,180 14,500 19,997,680 East West Bank CD 5.38%03/11/24 10,164,995 135,137 – 10,300,131 10,164,995 135,137 10,300,131
East West Bank CD 5.89%03/11/24 – 4,012,556 – 4,012,556 – 4,012,556 4,012,556
East West Bank CD 5.90%03/18/24 – 13,026,556 – 13,026,556 – 13,026,556 13,026,556
BOK Financial CD 5.00%03/23/24 8,107,655 100,322 – 8,207,978 8,107,655 100,322 8,207,978 Third Coast Bank CD 5.77%03/28/24 8,000,000 113,929 – 8,113,929 8,000,000 113,929 8,113,929
East West Bank CD 5.78%04/17/24 – 5,058,849 – 5,058,849 – 5,058,849 5,058,849
Bank OZK CD 5.04%04/18/24 10,082,558 125,804 – 10,208,362 10,082,558 125,804 10,208,362
East West Bank CD 5.04%04/26/24 10,089,355 125,890 – 10,215,245 10,089,355 125,890 10,215,245
East West Bank CD 5.79%05/02/24 – 20,185,941 – 20,185,941 – 20,185,941 20,185,941
Independent Financial CD 5.08%05/09/24 8,089,683 101,748 – 8,191,432 8,089,683 101,748 8,191,432
T-Note 4.72%05/15/24 1,925,053 21,547 – 1,946,601 1,912,656 23,828 1,936,484
East West Bank CD 5.80%05/15/24 – 5,233,078 – 5,233,078 – 5,233,078 5,233,078
BOK Financial CD 5.23%05/16/24 8,000,000 – – 8,000,000 8,000,000 – 8,000,000
East West Bank CD 5.82%06/11/24 – 5,015,530 – 5,015,530 – 5,015,530 5,015,530
Alliance Bank CD 5.20%06/14/24 10,255,918 131,838 – 10,387,756 10,255,918 131,838 10,387,756 East West Bank CD 5.46%06/17/24 15,489,078 209,081 – 15,698,159 15,489,078 209,081 15,698,159
Alliance Bank CD 5.20%06/27/24 13,435,856 172,715 – 13,608,571 13,435,856 172,715 13,608,571
Veritex Community Bank CD 5.59%07/15/24 – 10,092,790 – 10,092,790 – 10,092,790 10,092,790
East West Bank CD 5.65%07/17/24 – 5,057,585 – 5,057,585 – 5,057,585 5,057,585 Independent Financial CD 4.58%07/24/24 10,109,726 113,423 – 10,223,149 10,109,726 113,423 10,223,149
FHLB 5.18%07/26/24 10,000,000 – – 10,000,000 9,962,974 1,866 9,964,841
Alliance Bank CD 5.93%08/02/24 – 5,000,000 – 5,000,000 – 5,000,000 5,000,000
Veritex Community Bank CD 5.67%08/05/24 – 5,023,484 – 5,023,484 – 5,023,484 5,023,484
East West Bank CD 5.67%08/19/24 – 5,034,141 – 5,034,141 – 5,034,141 5,034,141
FFCB 5.19%08/21/24 3,986,073 3,092 – 3,989,165 3,969,138 11,138 3,980,276
Alliance Bank CD 5.82%09/06/24 – 10,000,000 – 10,000,000 – 10,000,000 10,000,000
Veritex Community Bank CD 5.70%09/11/24 – 10,000,000 – 10,000,000 – 10,000,000 10,000,000
Veritex Community Bank CD 5.70%09/25/24 – 10,050,189 – 10,050,189 – 10,050,189 10,050,189
Alliance Bank CD 5.88%11/01/24 – 5,000,000 – 5,000,000 – 5,000,000 5,000,000
Alliance Bank CD 5.20%12/13/24 10,255,918 131,838 – 10,387,756 10,255,918 131,838 10,387,756 T-Note 4.91%12/15/24 4,728,259 46,817 – 4,775,076 4,705,078 43,164 4,748,242
Alliance Bank CD 5.82%02/24/25 – 5,000,000 – 5,000,000 – 5,000,000 5,000,000
Third Coast Bank CD 5.20%06/28/25 10,000,000 128,548 – 10,128,548 10,000,000 128,548 10,128,548
TOTAL / AVERAGE 5.22%899,583,011$ 158,414,941$ (225,229,864)$ 832,768,089$ 899,378,504$ (66,709,575)$ 832,668,929$
City of Georgetown Valley View Consulting, L.L.C.963
Quarterly Financial Report
City - Allocation
Investment
Total Consolidated 2014 Revenue
Water WW Debt Service
2015 CO-
Parks/Street
s/ Vehicles
2015 GO-
Roads
2015 Revenue
Water WW
Garey Park
Donation
2017 Revenue
Water WW
2018 CO-
Streets/
Facilities/
Equip
2018 GO-
Roads
2019 CO-
Streets/
Facilities/
Equip
2019 GO-
Roads
2020 CO-
Facilities/
Equip/Parks
2020 GO-
Roads
Electric-LCRA
Transformers
JPMorgan Chase MMA 440,091$ 440,091$ –$ –$ –$ –$ –$ –$ –$ –$ –$ –$ –$ –$ –$ –$
Wells Fargo Bank Cash 82,661 82,661 – – – – – – – – – – – – – –
Wells Fargo Bank Sweep-MMF 9,035,571 9,035,571 – – – – – – – – – – – – – –
Veritex Community Bank MMA 3,390,187 3,390,187 – – – – – – – – – – – – – –
NexBank MMA 13,093,553 13,093,553 – – – – – – – – – – – – – –
TexPool 31,175,398 31,175,398 – – – – – – – – – – – – – –
TexSTAR 244,118,043 42,047,320 313,244 5,760,745 58,535 1,253,590 1,613,230 1,114,740 7,841,139 277,174 1,052,820 4,489,673 2,606,844 566,627 4,155,129 3,753,761
Bank OZK CD 09/30/23 25,629,056 – – – – – – – – – – – – – – –
Bank OZK CD 10/09/23 5,019,310 5,019,310 – – – – – – – – – – – – – – East West Bank CD 10/12/23 13,958,905 – – – – – – – – – – – – – – –
FHLB 10/13/23 2,496,064 2,496,064 – – – – – – – – – – – – – –
East West Bank CD 10/18/23 10,339,465 – – – – – – – – – – – – – – –
East West Bank CD 10/19/23 2,610,010 2,610,010 – – – – – – – – – – – – – –
FHLB 10/24/23 9,967,067 – – – – – – – – – – – – – – –
Bank OZK CD 11/13/23 10,055,315 10,055,315 – – – – – – – – – – – – – –
East West Bank CD 11/13/23 3,146,685 – – – – – – – 3,146,685 – – – – – – –
East West Bank CD 11/15/23 5,218,172 – – – – – – – – – – – – – – –
FAMCA 11/22/23 2,000,000 2,000,000 – – – – – – – – – – – – – – East West Bank CD 12/11/23 9,272,734 9,272,734 – – – – – – – – – – – – – –
FAMCA 12/13/23 10,000,000 10,000,000 – – – – – – – – – – – – – – East West Bank CD 12/20/23 2,617,868 – – – – – – – – – – – – – – –
Alliance Bank CD 12/27/23 1,038,776 1,038,776 – – – – – – – – – – – – – –
Bank OZK CD 12/30/23 26,654,219 – – – – – – – – – – – – – – –
Alliance Bank CD 01/12/24 5,128,507 5,128,507 – – – – – – – – – – – – – –
East West Bank CD 01/12/24 10,237,915 – – – – – – – – – – – – – – –
East West Bank CD 01/17/24 20,240,029 – – – – – – – – – – – – – – –
East West Bank CD 01/18/24 10,335,840 – – – – – – – – – – – – – – –
Veritex Community Bank CD 01/23/24 10,326,803 10,326,803 – – – – – – – – – – – – – –
East West Bank CD 01/26/24 4,089,106 – – – – – – – – – – – – – – – East West Bank CD 02/01/24 2,087,988 – – – – – – – – – – – – – 2,087,988 –
Southside Bank CD 02/02/24 10,336,156 – – – – – – – – – – – – – ––
East West Bank CD 02/02/24 5,047,398 – – – – – – – – – – – – – ––
East West Bank CD 02/15/24 4,202,173 – – – – – – – – – – – – – ––
Independent Financial CD 02/15/24 12,204,472 – – – – – – – – – – – – – ––
FHLB 02/28/24 20,000,000 20,000,000 – – – – – – – – – – – – – –
East West Bank CD 03/11/24 10,300,131 – – – – – – – – – – – – – – –
East West Bank CD 03/11/24 4,012,556 – – – – – – – – – – – – – – –
East West Bank CD 03/18/24 13,026,556 – – – – – – – – – – – – – – –
BOK Financial CD 03/23/24 8,207,978 8,207,978 – – – – – – – – – – – – – –
Third Coast Bank CD 03/28/24 8,113,929 – – – – – – – – – – – – – – – East West Bank CD 04/17/24 5,058,849 – – – – – – – – – – – – – – –
Bank OZK CD 04/18/24 10,208,362 – – – – – – – – – – – – – – –
East West Bank CD 04/26/24 10,215,245 10,215,245 – – – – – – – – – – – – – –
East West Bank CD 05/02/24 20,185,941 – – – – – – – – – – – – – – –
Independent Financial CD 05/09/24 8,191,432 8,191,432 – – – – – – – – – – – – – –
T-Note 05/15/24 1,946,601 1,946,601 – – – – – – – – – – – – – –
East West Bank CD 05/15/24 5,233,078 – – – – – – – – – – – – – – –
BOK Financial CD 05/16/24 8,000,000 – – – – – – – – – – – – – – –
East West Bank CD 06/11/24 5,015,530 – – – – – – – – – – – – – – –
Alliance Bank CD 06/14/24 10,387,756 – – – – – – – – – – – – – – –
East West Bank CD 06/17/24 15,698,159 15,698,159 – – – – – – – – – – – – – – Alliance Bank CD 06/27/24 13,608,571 13,608,571 – – – – – – – – – – – – – –
Veritex Community Bank CD 07/15/24 10,092,790 10,092,790 – – – – – – – – – – – – – –
East West Bank CD 07/17/24 5,057,585 – – – – – – – – – – – – – – –
Independent Financial CD 07/24/24 10,223,149 – – – – – – – – – – – – – – –
FHLB 07/26/24 10,000,000 – – – – – – – – – – – – – – –
Alliance Bank CD 08/02/24 5,000,000 5,000,000 – – – – – – – – – – – – – –
Veritex Community Bank CD 08/05/24 5,023,484 – – – – – – – – – – – – – – –
East West Bank CD 08/19/24 5,034,141 5,034,141 – – – – – – – – – – – – – –
FFCB 08/21/24 3,989,165 3,989,165 – – – – – – – – – – – – – – Alliance Bank CD 09/06/24 10,000,000 – – – – – – – – – – – – – – –
Veritex Community Bank CD 09/11/24 10,000,000 – – – – – – – – – – – – – – – Veritex Community Bank CD 09/25/24 10,050,189 10,050,189 – – – – – – – – – – – – – –
Alliance Bank CD 11/01/24 5,000,000 5,000,000 – – – – – – – – – – – – – –
Alliance Bank CD 12/13/24 10,387,756 – – – – – – – – – – – – – – –
T-Note 12/15/24 4,775,076 4,775,076 – – – – – – – – – – – – – –
Alliance Bank CD 02/24/25 5,000,000 5,000,000 – – – – – – – – – – – – – –
Third Coast Bank CD 06/28/25 10,128,548 10,128,548 – – – – – – – – – – – – – –
Totals 832,768,089$ 294,150,193$ 313,244$ 5,760,745$ 58,535$ 1,253,590$ 1,613,230$ 1,114,740$ 10,987,824$ 277,174$ 1,052,820$ 4,489,673$ 2,606,844$ 566,627$ 6,243,118$ 3,753,761$
Book Value
September 30, 2023
City of Georgetown Valley View Consulting, L.L.C.
1064
Quarterly Financial Report
City - Allocation
JPMorgan Chase MMA
Wells Fargo Bank Cash
Wells Fargo Bank Sweep-MMF
Veritex Community Bank MMA
NexBank MMA
TexPool
TexSTAR
Bank OZK CD 09/30/23
Bank OZK CD 10/09/23
East West Bank CD 10/12/23
FHLB 10/13/23
East West Bank CD 10/18/23
East West Bank CD 10/19/23
FHLB 10/24/23
Bank OZK CD 11/13/23
East West Bank CD 11/13/23
East West Bank CD 11/15/23
FAMCA 11/22/23
East West Bank CD 12/11/23
FAMCA 12/13/23
East West Bank CD 12/20/23
Alliance Bank CD 12/27/23
Bank OZK CD 12/30/23
Alliance Bank CD 01/12/24
East West Bank CD 01/12/24
East West Bank CD 01/17/24
East West Bank CD 01/18/24
Veritex Community Bank CD 01/23/24
East West Bank CD 01/26/24
East West Bank CD 02/01/24
Southside Bank CD 02/02/24
East West Bank CD 02/02/24
East West Bank CD 02/15/24
Independent Financial CD 02/15/24
FHLB 02/28/24
East West Bank CD 03/11/24
East West Bank CD 03/11/24
East West Bank CD 03/18/24
BOK Financial CD 03/23/24
Third Coast Bank CD 03/28/24
East West Bank CD 04/17/24
Bank OZK CD 04/18/24
East West Bank CD 04/26/24
East West Bank CD 05/02/24
Independent Financial CD 05/09/24
T-Note 05/15/24
East West Bank CD 05/15/24
BOK Financial CD 05/16/24
East West Bank CD 06/11/24
Alliance Bank CD 06/14/24
East West Bank CD 06/17/24
Alliance Bank CD 06/27/24
Veritex Community Bank CD 07/15/24
East West Bank CD 07/17/24
Independent Financial CD 07/24/24
FHLB 07/26/24
Alliance Bank CD 08/02/24
Veritex Community Bank CD 08/05/24
East West Bank CD 08/19/24
FFCB 08/21/24
Alliance Bank CD 09/06/24
Veritex Community Bank CD 09/11/24
Veritex Community Bank CD 09/25/24
Alliance Bank CD 11/01/24
Alliance Bank CD 12/13/24
T-Note 12/15/24
Alliance Bank CD 02/24/25
Third Coast Bank CD 06/28/25
Totals
Book Value
September 30, 2023
(Continued)
City - 2021
CO Airport
City - 2021 CO
Fac/Equip/
Parks
City - 2021
GO Parks
City - 2021
GO Roads
City - 2021A
CO Electric
City - 2021A
CO
Water/WW
City - 2021A
GO Roads
City - 2022
CO Airport
City - 2022 CO
Fac/Equip/Parks
City - 2022
CO
Stormwater
City - 2022
GO Parks
City - 2022 GO
Roads
City - 2022
CO Electric
City - 2022 CO
Water/WW
City - 2023 CO
Fac/Equip/Parks
–$ –$ –$ –$ –$ –$ –$ –$ –$ –$ –$ –$ –$ –$ –$
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – – –
730,748 2,459,763 11,680 2,906,428 230,162 3,920,496 8,248,760 526,182 2,600,823 177,976 317,907 9,974,169 2,608,795 36,443,844 9,995,001
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – – –
– – – – – – – – – – – 13,958,905 – – –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – 10,339,465 –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – 9,967,067 –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – – –
– – – – – – 5,218,172 – – – – – – – –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – – –
– – – – – 2,617,868 – – – – – – – – –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – 26,654,219 –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – 10,237,915 –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – 10,335,840 –
– – – – – – – – – – – – – – –
– – – – – – – – – – – 4,089,106 – – –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – 10,336,156 –
– – – – – – – – – – – – – – 5,047,398
– 4,202,173 – – – – – – – – – – – – –
– – – – – – – – – – – – – 12,204,472 –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – 10,300,131 –
– – – – – – – – – – – – – – –
– – – – – – – – – – – 13,026,556 – – –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – 10,208,362 –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – – –
– – – – – – 5,233,078 – – – – – – – –
– – – – – – – – – – – – – 8,000,000 –
– – – – – – – – – – – – – – 5,015,530
– – – – – – – – – – – – – 10,387,756 –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – – 5,057,585
– – – – – – – – – – – – – 10,223,149 –
– – – – – – – – – – – – – 10,000,000 –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – 10,387,756 –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – – –
730,748$ 6,661,936$ 11,680$ 2,906,428$ 230,162$ 6,538,365$ 18,700,009$ 526,182$ 2,600,823$ 177,976$ 317,907$ 41,048,736$ 2,608,795$ 196,026,131$ 25,115,513$
City of Georgetown Valley View Consulting, L.L.C.
1165
Quarterly Financial Report
City - Allocation
JPMorgan Chase MMA
Wells Fargo Bank Cash
Wells Fargo Bank Sweep-MMF
Veritex Community Bank MMA
NexBank MMA
TexPool
TexSTAR
Bank OZK CD 09/30/23
Bank OZK CD 10/09/23
East West Bank CD 10/12/23
FHLB 10/13/23
East West Bank CD 10/18/23
East West Bank CD 10/19/23
FHLB 10/24/23
Bank OZK CD 11/13/23
East West Bank CD 11/13/23
East West Bank CD 11/15/23
FAMCA 11/22/23
East West Bank CD 12/11/23
FAMCA 12/13/23
East West Bank CD 12/20/23
Alliance Bank CD 12/27/23
Bank OZK CD 12/30/23
Alliance Bank CD 01/12/24
East West Bank CD 01/12/24
East West Bank CD 01/17/24
East West Bank CD 01/18/24
Veritex Community Bank CD 01/23/24
East West Bank CD 01/26/24
East West Bank CD 02/01/24
Southside Bank CD 02/02/24
East West Bank CD 02/02/24
East West Bank CD 02/15/24
Independent Financial CD 02/15/24
FHLB 02/28/24
East West Bank CD 03/11/24
East West Bank CD 03/11/24
East West Bank CD 03/18/24
BOK Financial CD 03/23/24
Third Coast Bank CD 03/28/24
East West Bank CD 04/17/24
Bank OZK CD 04/18/24
East West Bank CD 04/26/24
East West Bank CD 05/02/24
Independent Financial CD 05/09/24
T-Note 05/15/24
East West Bank CD 05/15/24
BOK Financial CD 05/16/24
East West Bank CD 06/11/24
Alliance Bank CD 06/14/24
East West Bank CD 06/17/24
Alliance Bank CD 06/27/24
Veritex Community Bank CD 07/15/24
East West Bank CD 07/17/24
Independent Financial CD 07/24/24
FHLB 07/26/24
Alliance Bank CD 08/02/24
Veritex Community Bank CD 08/05/24
East West Bank CD 08/19/24
FFCB 08/21/24
Alliance Bank CD 09/06/24
Veritex Community Bank CD 09/11/24
Veritex Community Bank CD 09/25/24
Alliance Bank CD 11/01/24
Alliance Bank CD 12/13/24
T-Note 12/15/24
Alliance Bank CD 02/24/25
Third Coast Bank CD 06/28/25
Totals
Book Value
September 30, 2023
(Continued)
City - 2023 CO
Stormwater
City - 2023 GO
Parks
City - 2023 GO
Roads
City - 2023
Revenue
Electric
City - 2023
Revenue
Water/WW
City -
American
Rescue Plan
City - Impact
Fees - Water
City - Impact
Fees - WW
City - Limited
Tax Note,
Series 2022
–$ –$ –$ –$ –$ –$ –$ –$ –$
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
256,435 6,007,382 15,660,450 8,639,974 30,129,645 7,628,708 5,138,871 8,983,355 3,615,918
– – – – – – 25,629,056 – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – 20,240,029 – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – 4,012,556 – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – 8,113,929 –
– – 5,058,849 – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – 20,185,941 – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – 5,023,484 – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – 10,000,000 – – – –
– – – – 10,000,000 – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
256,435$ 6,007,382$ 25,742,783$ 12,652,530$ 90,555,615$ 7,628,708$ 30,767,928$ 17,097,283$ 3,615,918$
City of Georgetown Valley View Consulting, L.L.C.
1266
Quarterly Financial Report
City - Allocation
Market Value Investment
Total Consolidated 2014 Revenue
Water WW Debt Service
2015 CO-
Parks/Street
s/ Vehicles
2015 GO-
Roads
2015 Revenue
Water WW
Garey Park
Donation
2017 Revenue
Water WW
2018 CO-
Streets/
Facilities/
Equip
2018 GO-
Roads
2019 CO-
Streets/
Facilities/
Equip
2019 GO-
Roads
2020 CO-
Facilities/
Equip/Parks
2020 GO-
Roads
Electric-LCRA
Transformers
JPMorgan Chase MMA 440,091$ 440,091$ –$ –$ –$ –$ –$ –$ –$ –$ –$ –$ –$ –$ –$ –$
Wells Fargo Bank Cash 82,661 82,661 – – – – – – – – – – – – – –
Wells Fargo Bank Sweep-MMF 9,035,571 9,035,571 – – – – – – – – – – – – – –
Veritex Community Bank MMA 3,390,187 3,390,187 – – – – – – – – – – – – – –
NexBank MMA 13,093,553 13,093,553 – – – – – – – – – – – – – –
TexPool 31,175,398 31,175,398 – – – – – – – – – – – – – –
TexSTAR 244,118,043 42,047,320 313,244 5,760,745 58,535 1,253,590 1,613,230 1,114,740 7,841,139 277,174 1,052,820 4,489,673 2,606,844 566,627 4,155,129 3,753,761
Bank OZK CD 09/30/23 25,629,056 – – – – – – – – – – – – – – –
Bank OZK CD 10/09/23 5,019,310 5,019,310 – – – – – – – – – – – – – –
East West Bank CD 10/12/23 13,958,905 – – – – – – – – – – – – – – –
FHLB 10/13/23 2,496,087 2,496,087 – – – – – – – – – – – – – –
East West Bank CD 10/18/23 10,339,465 – – – – – – – – – – – – – – –
East West Bank CD 10/19/23 2,610,010 2,610,010 – – – – – – – – – – – – – –
FHLB 10/24/23 9,968,722 – – – – – – – – – – – – – – –
Bank OZK CD 11/13/23 10,055,315 10,055,315 – – – – – – – – – – – – – –
East West Bank CD 11/13/23 3,146,685 – – – – – – – 3,146,685 – – – – – – –
East West Bank CD 11/15/23 5,218,172 – – – – – – – – – – – – – – –
FAMCA 11/22/23 1,997,296 1,997,296 – – – – – – – – – – – – – –
East West Bank CD 12/11/23 9,272,734 9,272,734 – – – – – – – – – – – – – –
FAMCA 12/13/23 9,985,183 9,985,183 – – – – – – – – – – – – – –
East West Bank CD 12/20/23 2,617,868 – – – – – – – – – – – – – – –
Alliance Bank CD 12/27/23 1,038,776 1,038,776 – – – – – – – – – – – – – –
Bank OZK CD 12/30/23 26,654,219 – – – – – – – – – – – – – – –
Alliance Bank CD 01/12/24 5,128,507 5,128,507 – – – – – – – – – – – – – –
East West Bank CD 01/12/24 10,237,915 – – – – – – – – – – – – – – –
East West Bank CD 01/17/24 20,240,029 – – – – – – – – – – – – – – –
East West Bank CD 01/18/24 10,335,840 – – – – – – – – – – – – – – –
Veritex Community Bank CD 01/23/24 10,326,803 10,326,803 – – – – – – – – – – – – – –
East West Bank CD 01/26/24 4,089,106 – – – – – – – – – – – – – – –
East West Bank CD 02/01/24 2,087,988 – – – – – – – – – – – – – 2,087,988 –
Southside Bank CD 02/02/24 10,336,156 – – – – – – – – – – – – – ––
East West Bank CD 02/02/24 5,047,398 – – – – – – – – – – – – – ––
East West Bank CD 02/15/24 4,202,173 – – – – – – – – – – – – – ––
Independent Financial CD 02/15/24 12,204,472 – – – – – – – – – – – – – ––
FHLB 02/28/24 19,997,680 19,997,680 – – – – – – – – – – – – – –
East West Bank CD 03/11/24 10,300,131 – – – – – – – – – – – – – – –
East West Bank CD 03/11/24 4,012,556 – – – – – – – – – – – – – – –
East West Bank CD 03/18/24 13,026,556 – – – – – – – – – – – – – – –
BOK Financial CD 03/23/24 8,207,978 8,207,978 – – – – – – – – – – – – – –
Third Coast Bank CD 03/28/24 8,113,929 – – – – – – – – – – – – – – –
East West Bank CD 04/17/24 5,058,849 – – – – – – – – – – – – – – –
Bank OZK CD 04/18/24 10,208,362 – – – – – – – – – – – – – – –
East West Bank CD 04/26/24 10,215,245 10,215,245 – – – – – – – – – – – – – –
East West Bank CD 05/02/24 20,185,941 – – – – – – – – – – – – – – –
Independent Financial CD 05/09/24 8,191,432 8,191,432 – – – – – – – – – – – – – –
T-Note 05/15/24 1,936,484 1,936,484 – – – – – – – – – – – – – –
East West Bank CD 05/15/24 5,233,078 – – – – – – – – – – – – – – –
BOK Financial CD 05/16/24 8,000,000 – – – – – – – – – – – – – – –
East West Bank CD 06/11/24 5,015,530 – – – – – – – – – – – – – – –
Alliance Bank CD 06/14/24 10,387,756 – – – – – – – – – – – – – – –
East West Bank CD 06/17/24 15,698,159 15,698,159 – – – – – – – – – – – – – –
Alliance Bank CD 06/27/24 13,608,571 13,608,571 – – – – – – – – – – – – – –
Veritex Community Bank CD 07/15/24 10,092,790 10,092,790 – – – – – – – – – – – – – –
East West Bank CD 07/17/24 5,057,585 – – – – – – – – – – – – – – –
Independent Financial CD 07/24/24 10,223,149 – – – – – – – – – – – – – – –
FHLB 07/26/24 9,964,841 – – – – – – – – – – – – – – –
Alliance Bank CD 08/02/24 5,000,000 5,000,000 – – – – – – – – – – – – – –
Veritex Community Bank CD 08/05/24 5,023,484 – – – – – – – – – – – – – – –
East West Bank CD 08/19/24 5,034,141 5,034,141 – – – – – – – – – – – – – –
FFCB 08/21/24 3,980,276 3,980,276 – – – – – – – – – – – – – –
Alliance Bank CD 09/06/24 10,000,000 – – – – – – – – – – – – – – –
Veritex Community Bank CD 09/11/24 10,000,000 – – – – – – – – – – – – – – –
Veritex Community Bank CD 09/25/24 10,050,189 10,050,189 – – – – – – – – – – – – – –
Alliance Bank CD 11/01/24 5,000,000 5,000,000 – – – – – – – – – – – – – –
Alliance Bank CD 12/13/24 10,387,756 – – – – – – – – – – – – – – –
T-Note 12/15/24 4,748,242 4,748,242 – – – – – – – – – – – – – –
Alliance Bank CD 02/24/25 5,000,000 5,000,000 – – – – – – – – – – – – – –
Third Coast Bank CD 06/28/25 10,128,548 10,128,548 – – – – – – – – – – – – – –
Totals #REF!#REF!#REF!#REF!#REF!#REF!#REF!#REF!#REF!#REF!#REF!#REF!#REF!#REF!#REF!#REF!
September 30, 2023
City of Georgetown Valley View Consulting, L.L.C.
1367
Quarterly Financial Report
City - Allocation
Market Value
JPMorgan Chase MMA
Wells Fargo Bank Cash
Wells Fargo Bank Sweep-MMF
Veritex Community Bank MMA
NexBank MMA
TexPool
TexSTAR
Bank OZK CD 09/30/23
Bank OZK CD 10/09/23
East West Bank CD 10/12/23
FHLB 10/13/23
East West Bank CD 10/18/23
East West Bank CD 10/19/23
FHLB 10/24/23
Bank OZK CD 11/13/23
East West Bank CD 11/13/23
East West Bank CD 11/15/23
FAMCA 11/22/23
East West Bank CD 12/11/23
FAMCA 12/13/23
East West Bank CD 12/20/23
Alliance Bank CD 12/27/23
Bank OZK CD 12/30/23
Alliance Bank CD 01/12/24
East West Bank CD 01/12/24
East West Bank CD 01/17/24
East West Bank CD 01/18/24
Veritex Community Bank CD 01/23/24
East West Bank CD 01/26/24
East West Bank CD 02/01/24
Southside Bank CD 02/02/24
East West Bank CD 02/02/24
East West Bank CD 02/15/24
Independent Financial CD 02/15/24
FHLB 02/28/24
East West Bank CD 03/11/24
East West Bank CD 03/11/24
East West Bank CD 03/18/24
BOK Financial CD 03/23/24
Third Coast Bank CD 03/28/24
East West Bank CD 04/17/24
Bank OZK CD 04/18/24
East West Bank CD 04/26/24
East West Bank CD 05/02/24
Independent Financial CD 05/09/24
T-Note 05/15/24
East West Bank CD 05/15/24
BOK Financial CD 05/16/24
East West Bank CD 06/11/24
Alliance Bank CD 06/14/24
East West Bank CD 06/17/24
Alliance Bank CD 06/27/24
Veritex Community Bank CD 07/15/24
East West Bank CD 07/17/24
Independent Financial CD 07/24/24
FHLB 07/26/24
Alliance Bank CD 08/02/24
Veritex Community Bank CD 08/05/24
East West Bank CD 08/19/24
FFCB 08/21/24
Alliance Bank CD 09/06/24
Veritex Community Bank CD 09/11/24
Veritex Community Bank CD 09/25/24
Alliance Bank CD 11/01/24
Alliance Bank CD 12/13/24
T-Note 12/15/24
Alliance Bank CD 02/24/25
Third Coast Bank CD 06/28/25
Totals
September 30, 2023
(Continued)
City - 2021
CO Airport
City - 2021 CO
Fac/Equip/
Parks
City - 2021
GO Parks
City - 2021
GO Roads
City - 2021A
CO Electric
City - 2021A
CO
Water/WW
City - 2021A
GO Roads
City - 2022
CO Airport
City - 2022 CO
Fac/Equip/Parks
City - 2022
CO
Stormwater
City - 2022
GO Parks
City - 2022 GO
Roads
City - 2022
CO Electric
City - 2022 CO
Water/WW
City - 2023 CO
Fac/Equip/Parks
–$ –$ –$ –$ –$ –$ –$ –$ –$ –$ –$ –$ –$ –$ –$
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – – –
730,748 2,459,763 11,680 2,906,428 230,162 3,920,496 8,248,760 526,182 2,600,823 177,976 317,907 9,974,169 2,608,795 36,443,844 9,995,001
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – – –
– – – – – – – – – – – 13,958,905 – – –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – 10,339,465 –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – 9,968,722 –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – – –
– – – – – – 5,218,172 – – – – – – – –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – – –
– – – – – 2,617,868 – – – – – – – – –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – 26,654,219 –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – 10,237,915 –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – 10,335,840 –
– – – – – – – – – – – – – – –
– – – – – – – – – – – 4,089,106 – – –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – 10,336,156 –
– – – – – – – – – – – – – – 5,047,398
– 4,202,173 – – – – – – – – – – – – –
– – – – – – – – – – – – – 12,204,472 –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – 10,300,131 –
– – – – – – – – – – – – – – –
– – – – – – – – – – – 13,026,556 – – –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – 10,208,362 –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – – –
– – – – – – 5,233,078 – – – – – – – –
– – – – – – – – – – – – – 8,000,000 –
– – – – – – – – – – – – – – 5,015,530
– – – – – – – – – – – – – 10,387,756 –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – – 5,057,585
– – – – – – – – – – – – – 10,223,149 –
– – – – – – – – – – – – – 9,964,841 –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – 10,387,756 –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – – –
– – – – – – – – – – – – – – –
#REF!#REF!#REF!#REF!#REF!#REF!#REF!#REF!#REF!#REF!#REF!#REF!#REF!#REF!#REF!
City of Georgetown Valley View Consulting, L.L.C.
1468
Quarterly Financial Report
City - Allocation
Market Value
JPMorgan Chase MMA
Wells Fargo Bank Cash
Wells Fargo Bank Sweep-MMF
Veritex Community Bank MMA
NexBank MMA
TexPool
TexSTAR
Bank OZK CD 09/30/23
Bank OZK CD 10/09/23
East West Bank CD 10/12/23
FHLB 10/13/23
East West Bank CD 10/18/23
East West Bank CD 10/19/23
FHLB 10/24/23
Bank OZK CD 11/13/23
East West Bank CD 11/13/23
East West Bank CD 11/15/23
FAMCA 11/22/23
East West Bank CD 12/11/23
FAMCA 12/13/23
East West Bank CD 12/20/23
Alliance Bank CD 12/27/23
Bank OZK CD 12/30/23
Alliance Bank CD 01/12/24
East West Bank CD 01/12/24
East West Bank CD 01/17/24
East West Bank CD 01/18/24
Veritex Community Bank CD 01/23/24
East West Bank CD 01/26/24
East West Bank CD 02/01/24
Southside Bank CD 02/02/24
East West Bank CD 02/02/24
East West Bank CD 02/15/24
Independent Financial CD 02/15/24
FHLB 02/28/24
East West Bank CD 03/11/24
East West Bank CD 03/11/24
East West Bank CD 03/18/24
BOK Financial CD 03/23/24
Third Coast Bank CD 03/28/24
East West Bank CD 04/17/24
Bank OZK CD 04/18/24
East West Bank CD 04/26/24
East West Bank CD 05/02/24
Independent Financial CD 05/09/24
T-Note 05/15/24
East West Bank CD 05/15/24
BOK Financial CD 05/16/24
East West Bank CD 06/11/24
Alliance Bank CD 06/14/24
East West Bank CD 06/17/24
Alliance Bank CD 06/27/24
Veritex Community Bank CD 07/15/24
East West Bank CD 07/17/24
Independent Financial CD 07/24/24
FHLB 07/26/24
Alliance Bank CD 08/02/24
Veritex Community Bank CD 08/05/24
East West Bank CD 08/19/24
FFCB 08/21/24
Alliance Bank CD 09/06/24
Veritex Community Bank CD 09/11/24
Veritex Community Bank CD 09/25/24
Alliance Bank CD 11/01/24
Alliance Bank CD 12/13/24
T-Note 12/15/24
Alliance Bank CD 02/24/25
Third Coast Bank CD 06/28/25
Totals
September 30, 2023
(Continued)
City - 2023 CO
Stormwater
City - 2023 GO
Parks
City - 2023 GO
Roads
City - 2023
Revenue
Electric
City - 2023
Revenue
Water/WW
City -
American
Rescue Plan
City - Impact
Fees - Water
City - Impact
Fees - WW
City - Limited
Tax Note,
Series 2022
–$ –$ –$ –$ –$ –$ –$ –$ –$
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
256,435 6,007,382 15,660,450 8,639,974 30,129,645 7,628,708 5,138,871 8,983,355 3,615,918
– – – – – – 25,629,056 – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – 20,240,029 – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – 4,012,556 – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – 8,113,929 –
– – 5,058,849 – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – 20,185,941 – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – 5,023,484 – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – 10,000,000 – – – –
– – – – 10,000,000 – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
– – – – – – – – –
#REF!#REF!#REF!#REF!#REF!#REF!#REF!#REF!#REF!
City of Georgetown Valley View Consulting, L.L.C.
1569
Quarterly Financial Report
City - Allocation
Investment Total Consolidated
2014 Revenue
Water WW Debt Service
2 2015 CO-
Parks/Streets/
Vehicles
2015 GO-
Roads
2015 Revenue
Water WW
2016 GO-
Roads
Garey Park
Donation
2017 Revenue
Water WW
2018 CO-
Airport
2018 CO-
Streets/
Facilities/
Equip
2018 GO-
Roads
JPMorgan Chase Cash 618,137$ 618,137$ –$ –$ –$ –$ –$ –$ –$ –$ –$ –$ –$
JPMorgan Chase MMA 438,323 438,323 – – – – – – – – – – –
Wells Fargo Bank Cash 227,810 227,810 – – – – – – – – – – –
Wells Fargo Bank Sweep-MMF 17,302,185 17,302,185 – – – – – – – – – – –
Veritex Community Bank MMA 3,345,666 3,345,666 – – – – – – – – – – –
NexBank MMA 12,914,507 12,914,507 – – – – – – – – – – –
TexPool 40,801,750 40,801,750 – – – – – – – – – – –
TexSTAR 397,322,905 49,336,669 435,925 30,325,458 118,782 1,644,861 1,592,110 1,693 1,100,146 7,754,618 30,229 273,546 1,129,847
Alliance Bank CD 07/01/23 4,093,809 4,093,809 – – – – – – – – – – –
FHLB 07/31/23 4,981,422 4,981,422 – – – – – – – – – – –
East West Bank CD 08/01/23 2,062,706 – – – – – – – – – – – –
Alliance Bank CD 08/02/23 1,023,746 – – – – – – – – – – – –
Bank OZK CD 08/14/23 5,016,704 5,016,704 – – – – – – – – – – –
East West Bank CD 08/15/23 5,166,090 – – – – – – – – – – – –
East West Bank CD 08/15/23 4,145,390 – – – – – – – – – – – –
Texas Capital Bank CD 08/24/23 2,569,662 2,569,662 – – – – – – – – – – –
FHLB 09/13/23 13,347,723 – – – – – – – – – – – –
FFCB 09/22/23 917,711 – – – – – – – – – – – –
Veritex Community Bank CD 09/25/23 10,043,790 10,043,790 – – – – – – – – – – –
Bank OZK CD 09/30/23 25,312,574 – – – – – – – – – – – –
Bank OZK CD 10/09/23 5,016,767 5,016,767 – – – – – – – – – – –
East West Bank CD 10/12/23 13,777,849 – – – – – – – – – – – –
FHLB 10/13/23 2,468,208 2,468,208 – – – – – – – – – – –
East West Bank CD 10/18/23 10,216,163 – – – – – – – – – – – –
East West Bank CD 10/19/23 2,580,380 2,580,380 – – – – – – – – – – –
FHLB 10/24/23 9,840,822 – – – – – – – – – – – –
Bank OZK CD 11/13/23 10,047,690 10,047,690 – – – – – – – – – – –
East West Bank CD 11/13/23 3,104,697 – – – – – – – – 3,104,697 – – –
East West Bank CD 11/15/23 5,148,542 – – – – – – – – – – – –
FAMCA 11/22/23 2,000,000 2,000,000 – – – – – – – – – – –
East West Bank CD 12/11/23 9,149,924 9,149,924 – – – – – – – – – – –
FAMCA 12/13/23 10,000,000 10,000,000 – – – – – – – – – – –
East West Bank CD 12/20/23 2,581,244 – – – – – – – – – – – –
Alliance Bank CD 12/27/23 1,025,592 1,025,592 – – – – – – – – – – –
Bank OZK CD 12/30/23 26,325,077 – – – – – – – – – – – –
Alliance Bank CD 01/12/24 5,063,493 5,063,493 – – – – – – – – – – –
East West Bank CD 01/12/24 10,109,963 – – – – – – – – – – – –
East West Bank CD 01/18/24 10,213,869 – – – – – – – – – – – –
Veritex Community Bank CD 01/23/24 10,201,840 10,201,840 – – – – – – – – – – –
East West Bank CD 01/26/24 4,036,983 – – – – – – – – – – – –
Southside Bank CD 02/02/24 10,250,379 – – – – – – – – – – – –
Independent Financial CD 02/15/24 12,050,795 – – – – – – – – – – – –
FHLB 02/28/24 20,000,000 20,000,000 – – – – – – – – – – –
East West Bank CD 03/11/24 10,164,995 – – – – – – – – – – – –
BOK Financial CD 03/23/24 8,107,655 8,107,655 – – – – – – – – – – –
Third Coast Bank CD 03/28/24 8,000,000 – – – – – – – – – – – –
Bank OZK CD 04/18/24 10,082,558 – – – – – – – – – – – –
East West Bank CD 04/26/24 10,089,355 10,089,355 – – – – – – – – – – –
Independent Financial CD 05/09/24 8,089,683 8,089,683 – – – – – – – – – – –
T-Note 05/15/24 1,925,053 1,925,053 – – – – – – – – – – –
BOK Financial CD 05/16/24 8,000,000 – – – – – – – – – – – –
Alliance Bank CD 06/14/24 10,255,918 – – – – – – – – – – – –
East West Bank CD 06/17/24 15,489,078 15,489,078 – – – – – – – – – – –
Alliance Bank CD 06/27/24 13,435,856 13,435,856 – – – – – – – – – – –
Independent Financial CD 07/24/24 10,109,726 – – – – – – – – – – – –
FHLB 07/26/24 10,000,000 – – – – – – – – – – – –
FFCB 08/21/24 3,986,073 3,986,073 – – – – – – – – – – –
Alliance Bank CD 12/13/24 10,255,918 – – – – – – – – – – – –
T-Note 12/15/24 4,728,259 4,728,259 – – – – – – – – – – –
Third Coast Bank CD 06/28/25 10,000,000 10,000,000 – – – – – – – – – – –
Totals 899,583,011$ 305,095,340$ 435,925$ 30,325,458$ 118,782$ 1,644,861$ 1,592,110$ 1,693$ 1,100,146$ 10,859,315$ 30,229$ 273,546$ 1,129,847$
June 30, 2023
Book Value
City of Georgetown Valley View Consulting, L.L.C.1670
Quarterly Financial Report
City - Allocation
JPMorgan Chase Cash
JPMorgan Chase MMA
Wells Fargo Bank Cash
Wells Fargo Bank Sweep-MMF
Veritex Community Bank MMA
NexBank MMA
TexPool
TexSTAR
Alliance Bank CD 07/01/23
FHLB 07/31/23
East West Bank CD 08/01/23
Alliance Bank CD 08/02/23
Bank OZK CD 08/14/23
East West Bank CD 08/15/23
East West Bank CD 08/15/23
Texas Capital Bank CD 08/24/23
FHLB 09/13/23
FFCB 09/22/23
Veritex Community Bank CD 09/25/23
Bank OZK CD 09/30/23
Bank OZK CD 10/09/23
East West Bank CD 10/12/23
FHLB 10/13/23
East West Bank CD 10/18/23
East West Bank CD 10/19/23
FHLB 10/24/23
Bank OZK CD 11/13/23
East West Bank CD 11/13/23
East West Bank CD 11/15/23
FAMCA 11/22/23
East West Bank CD 12/11/23
FAMCA 12/13/23
East West Bank CD 12/20/23
Alliance Bank CD 12/27/23
Bank OZK CD 12/30/23
Alliance Bank CD 01/12/24
East West Bank CD 01/12/24
East West Bank CD 01/18/24
Veritex Community Bank CD 01/23/24
East West Bank CD 01/26/24
Southside Bank CD 02/02/24
Independent Financial CD 02/15/24
FHLB 02/28/24
East West Bank CD 03/11/24
BOK Financial CD 03/23/24
Third Coast Bank CD 03/28/24
Bank OZK CD 04/18/24
East West Bank CD 04/26/24
Independent Financial CD 05/09/24
T-Note 05/15/24
BOK Financial CD 05/16/24
Alliance Bank CD 06/14/24
East West Bank CD 06/17/24
Alliance Bank CD 06/27/24
Independent Financial CD 07/24/24
FHLB 07/26/24
FFCB 08/21/24
Alliance Bank CD 12/13/24
T-Note 12/15/24
Third Coast Bank CD 06/28/25
Totals
June 30, 2023
Book Value
(Continued)
2019 CO-
Streets/
Facilities/
Equip
2019 GO-
Roads
2020 CO-
Facilities/
Equip/Parks
2020 GO-
Roads
Electric-LCRA
Transformers
City - 2021 CO
Airport
City - 2021 CO
Fac/Equip/ Parks
City - 2021 GO
Parks
City - 2021 GO
Roads
City - 2021A
CO Electric
City - 2021A
CO Water/WW
City - 2021A
GO Roads
City - 2022 CO
Airport
–$ –$ –$ –$ –$ –$ –$ –$ –$ –$ –$ –$ –$
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
5,890,569 2,831,964 589,778 4,151,964 3,955,599 727,530 4,295,171 14,367 2,521,872 431,192 4,742,713 9,428,111 519,293
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – 2,062,706 – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – 5,166,090 –
– – – – – – 4,145,390 – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – 5,148,542 –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – 2,581,244 – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
5,890,569$ 2,831,964$ 589,778$ 6,214,670$ 3,955,599$ 727,530$ 8,440,561$ 14,367$ 2,521,872$ 431,192$ 7,323,957$ 19,742,743$ 519,293$
City of Georgetown Valley View Consulting, L.L.C.1771
Quarterly Financial Report
City - Allocation
JPMorgan Chase Cash
JPMorgan Chase MMA
Wells Fargo Bank Cash
Wells Fargo Bank Sweep-MMF
Veritex Community Bank MMA
NexBank MMA
TexPool
TexSTAR
Alliance Bank CD 07/01/23
FHLB 07/31/23
East West Bank CD 08/01/23
Alliance Bank CD 08/02/23
Bank OZK CD 08/14/23
East West Bank CD 08/15/23
East West Bank CD 08/15/23
Texas Capital Bank CD 08/24/23
FHLB 09/13/23
FFCB 09/22/23
Veritex Community Bank CD 09/25/23
Bank OZK CD 09/30/23
Bank OZK CD 10/09/23
East West Bank CD 10/12/23
FHLB 10/13/23
East West Bank CD 10/18/23
East West Bank CD 10/19/23
FHLB 10/24/23
Bank OZK CD 11/13/23
East West Bank CD 11/13/23
East West Bank CD 11/15/23
FAMCA 11/22/23
East West Bank CD 12/11/23
FAMCA 12/13/23
East West Bank CD 12/20/23
Alliance Bank CD 12/27/23
Bank OZK CD 12/30/23
Alliance Bank CD 01/12/24
East West Bank CD 01/12/24
East West Bank CD 01/18/24
Veritex Community Bank CD 01/23/24
East West Bank CD 01/26/24
Southside Bank CD 02/02/24
Independent Financial CD 02/15/24
FHLB 02/28/24
East West Bank CD 03/11/24
BOK Financial CD 03/23/24
Third Coast Bank CD 03/28/24
Bank OZK CD 04/18/24
East West Bank CD 04/26/24
Independent Financial CD 05/09/24
T-Note 05/15/24
BOK Financial CD 05/16/24
Alliance Bank CD 06/14/24
East West Bank CD 06/17/24
Alliance Bank CD 06/27/24
Independent Financial CD 07/24/24
FHLB 07/26/24
FFCB 08/21/24
Alliance Bank CD 12/13/24
T-Note 12/15/24
Third Coast Bank CD 06/28/25
Totals
June 30, 2023
Book Value
(Continued)
City - 2022 CO
Fac/Equip/Parks
City - 2022 CO
Stormwater
City - 2022 GO
Parks
City - 2022 GO
Roads
City - 2022 CO
Electric
City - 2022 CO
Water/WW
City - 2023 CO
Fac/Equip/Parks
City - 2023 CO
Stormwater
City - 2023 GO
Parks
City - 2023 GO
Roads
City - 2023
Revenue
Electric
City - 2023
Revenue
Water/WW
–$ –$ –$ –$ –$ –$ –$ –$ –$ –$ –$ –$
– – – – – – – – – – – –
– – – – – – – – – – – –
– – – – – – – – – – – –
– – – – – – – – – – – –
– – – – – – – – – – – –
– – – – – – – – – – – –
1,987,910 175,646 4,292,338 9,588,061 6,817,853 37,760,378 25,624,527 661,438 7,031,869 25,956,188 13,671,429 93,918,647
– – – – – – – – – – – –
– – – – – – – – – – – –
– – – – – – – – – – – –
1,023,746 – – – – – – – – – – –
– – – – – – – – – – – –
– – – – – – – – – – – –
– – – – – – – – – – – –
– – – – – – – – – – – –
– – – 13,347,723 – – – – – – – –
– – – – 917,711 – – – – – – –
– – – – – – – – – – – –
– – – – – – – – – – – –
– – – – – – – – – – – –
– – – 13,777,849 – – – – – – – –
– – – – – – – – – – – –
– – – – – 10,216,163 – – – – – –
– – – – – –– – – – – –
– – – – – 9,840,822 – – – – – –
– – – – – –– – – – – –
– – – – – –– – – – – –
– – – – – –– – – – – –
– – – – – –– – – – – –
– – – – – –– – – – – –
– – – – – –– – – – – –
– – – – – –– – – – – –
– – – – – –– – – – – –
– – – – – 26,325,077 – – – – – –
– – – – – –– – – – – –
– – – – – 10,109,963 – – – – – –
– – – – – 10,213,869 – – – – – –
– – – – – –– – – – – –
– – – 4,036,983 – –– – – – – –
– – – – – 10,250,379 – – – – – –
– – – – – 12,050,795 – – – – – –
– – – – – –– – – – – –
– – – – – 10,164,995 – – – – – –
– – – – – –– – – – – –
– – – – – –– – – – – –
– – – – – 10,082,558 – – – – – –
– – – – – –– – – – – –
– – – – – –– – – – – –
– – – – – –– – – – – –
– – – – – 8,000,000 – – – – – –
– – – – – 10,255,918 – – – – – –
– – – – – –– – – – – –
– – – – – –– – – – – –
– – – – – 10,109,726 – – – – – –
– – – – – 10,000,000 – – – – – –
– – – – – –– – – – – –
– – – – – 10,255,918 – – – – – –
– – – – – –– – – – – –
– – – – – –– – – – – –
3,011,656$ 175,646$ 4,292,338$ 40,750,615$ 7,735,564$ 195,636,559$ 25,624,527$ 661,438$ 7,031,869$ 25,956,188$ 13,671,429$ 93,918,647$
City of Georgetown Valley View Consulting, L.L.C.1872
Quarterly Financial Report
City - Allocation
JPMorgan Chase Cash
JPMorgan Chase MMA
Wells Fargo Bank Cash
Wells Fargo Bank Sweep-MMF
Veritex Community Bank MMA
NexBank MMA
TexPool
TexSTAR
Alliance Bank CD 07/01/23
FHLB 07/31/23
East West Bank CD 08/01/23
Alliance Bank CD 08/02/23
Bank OZK CD 08/14/23
East West Bank CD 08/15/23
East West Bank CD 08/15/23
Texas Capital Bank CD 08/24/23
FHLB 09/13/23
FFCB 09/22/23
Veritex Community Bank CD 09/25/23
Bank OZK CD 09/30/23
Bank OZK CD 10/09/23
East West Bank CD 10/12/23
FHLB 10/13/23
East West Bank CD 10/18/23
East West Bank CD 10/19/23
FHLB 10/24/23
Bank OZK CD 11/13/23
East West Bank CD 11/13/23
East West Bank CD 11/15/23
FAMCA 11/22/23
East West Bank CD 12/11/23
FAMCA 12/13/23
East West Bank CD 12/20/23
Alliance Bank CD 12/27/23
Bank OZK CD 12/30/23
Alliance Bank CD 01/12/24
East West Bank CD 01/12/24
East West Bank CD 01/18/24
Veritex Community Bank CD 01/23/24
East West Bank CD 01/26/24
Southside Bank CD 02/02/24
Independent Financial CD 02/15/24
FHLB 02/28/24
East West Bank CD 03/11/24
BOK Financial CD 03/23/24
Third Coast Bank CD 03/28/24
Bank OZK CD 04/18/24
East West Bank CD 04/26/24
Independent Financial CD 05/09/24
T-Note 05/15/24
BOK Financial CD 05/16/24
Alliance Bank CD 06/14/24
East West Bank CD 06/17/24
Alliance Bank CD 06/27/24
Independent Financial CD 07/24/24
FHLB 07/26/24
FFCB 08/21/24
Alliance Bank CD 12/13/24
T-Note 12/15/24
Third Coast Bank CD 06/28/25
Totals
June 30, 2023
Book Value
(Continued)
City -
American
Rescue Plan
City - Impact
Fees - Water
City - Impact
Fees - WW
City - Limited
Tax Note,
Series 2022
–$ –$ –$ –$
– – – –
– – – –
– – – –
– – – –
– – – –
– – – –
7,884,881 14,983,599 9,293,584 3,830,552
– – – –
– – – –
– – – –
– – – –
– – – –
– – – –
– – – –
– – – –
– – – –
– – – –
– – – –
– 25,312,574 – –
– –– –
– –– –
– –– –
– –– –
– –– –
– –– –
– –– –
– –– –
– –– –
– –– –
– –– –
– –– –
– –– –
– –– –
– –– –
– –– –
– –– –
– –– –
– –– –
– –– –
– –– –
– –– –
– –– –
– –– –
– –– –
– –8,000,000 –
– – – –
– – – –
– – – –
– – – –
– – – –
– – – –
– – – –
– – – –
– – – –
– – – –
– – – –
– – – –
– – – –
– – – –
7,884,881$ 40,296,173$ 17,293,584$ 3,830,552$
City of Georgetown Valley View Consulting, L.L.C.1973
Quarterly Financial Report
City - Allocation
June 30, 2023
Market Value Investment Total Consolidated
2014 Revenue
Water WW Debt Service
2 2015 CO-
Parks/Streets/
Vehicles
2015 GO-
Roads
2015 Revenue
Water WW
2016 GO-
Roads
Garey Park
Donation
2017 Revenue
Water WW
2018 CO-
Airport
2018 CO-
Streets/
Facilities/
Equip
2018 GO-
Roads
JPMorgan Chase Cash 618,137$ 618,137$ –$ –$ –$ –$ –$ –$ –$ –$ –$ –$ –$
JPMorgan Chase MMA 438,323 438,323 – – – – – – – – – – –
Wells Fargo Bank Cash 227,810 227,810 – – – – – – – – – – –
Wells Fargo Bank Sweep-MMF 17,302,185 17,302,185 – – – – – – – – – – –
Veritex Community Bank MMA 3,345,666 3,345,666 – – – – – – – – – – –
NexBank MMA 12,914,507 12,914,507 – – – – – – – – – – –
TexPool 40,801,750 40,801,750 – – – – – – – – – – –
TexSTAR 397,322,905 49,336,669 435,925 30,325,458 118,782 1,644,861 1,592,110 1,693 1,100,146 7,754,618 30,229 273,546 1,129,847
Alliance Bank CD 07/01/23 4,093,809 4,093,809 – – – – – – – – – – –
FHLB 07/31/23 4,981,247 4,981,247 – – – – – – – – – – –
East West Bank CD 08/01/23 2,062,706 – – – – – – – – – – – –
Alliance Bank CD 08/02/23 1,023,746 – – – – – – – – – – – –
Bank OZK CD 08/14/23 5,016,704 5,016,704 – – – – – – – – – – –
East West Bank CD 08/15/23 5,166,090 – – – – – – – – – – – –
East West Bank CD 08/15/23 4,145,390 – – – – – – – – – – – –
Texas Capital Bank CD 08/24/23 2,569,662 2,569,662 – – – – – – – – – – –
FHLB 09/13/23 13,295,077 – – – – – – – – – – – –
FFCB 09/22/23 914,394 – – – – – – – – – – – –
Veritex Community Bank CD 09/25/23 10,043,790 10,043,790 – – – – – – – – – – –
Bank OZK CD 09/30/23 25,312,574 – – – – – – – – – – – –
Bank OZK CD 10/09/23 5,016,767 5,016,767 – – – – – – – – – – –
East West Bank CD 10/12/23 13,777,849 – – – – – – – – – – – –
FHLB 10/13/23 2,465,046 2,465,046 – – – – – – – – – – –
East West Bank CD 10/18/23 10,216,163 – – – – – – – – – – – –
East West Bank CD 10/19/23 2,580,380 2,580,380 – – – – – – – – – – –
FHLB 10/24/23 9,845,225 – – – – – – – – – – – –
Bank OZK CD 11/13/23 10,047,690 10,047,690 – – – – – – – – – – –
East West Bank CD 11/13/23 3,104,697 – – – – – – – – 3,104,697 – – –
East West Bank CD 11/15/23 5,148,542 – – – – – – – – – – – –
FAMCA 11/22/23 1,994,665 1,994,665 – – – – – – – – – – –
East West Bank CD 12/11/23 9,149,924 9,149,924 – – – – – – – – – – –
FAMCA 12/13/23 9,962,084 9,962,084 – – – – – – – – – – –
East West Bank CD 12/20/23 2,581,244 – – – – – – – – – – – –
Alliance Bank CD 12/27/23 1,025,592 1,025,592 – – – – – – – – – – –
Bank OZK CD 12/30/23 26,325,077 – – – – – – – – – – – –
Alliance Bank CD 01/12/24 5,063,493 5,063,493 – – – – – – – – – – –
East West Bank CD 01/12/24 10,109,963 – – – – – – – – – – – –
East West Bank CD 01/18/24 10,213,869 – – – – – – – – – – – –
Veritex Community Bank CD 01/23/24 10,201,840 10,201,840 – – – – – – – – – – –
East West Bank CD 01/26/24 4,036,983 – – – – – – – – – – – –
Southside Bank CD 02/02/24 10,250,379 – – – – – – – – – – – –
Independent Financial CD 02/15/24 12,050,795 – – – – – – – – – – – –
FHLB 02/28/24 19,983,180 19,983,180 – – – – – – – – – – –
East West Bank CD 03/11/24 10,164,995 – – – – – – – – – – – –
BOK Financial CD 03/23/24 8,107,655 8,107,655 – – – – – – – – – – –
Third Coast Bank CD 03/28/24 8,000,000 – – – – – – – – – – – –
Bank OZK CD 04/18/24 10,082,558 – – – – – – – – – – – –
East West Bank CD 04/26/24 10,089,355 10,089,355 – – – – – – – – – – –
Independent Financial CD 05/09/24 8,089,683 8,089,683 – – – – – – – – – – –
T-Note 05/15/24 1,912,656 1,912,656 – – – – – – – – – – –
BOK Financial CD 05/16/24 8,000,000 – – – – – – – – – – – –
Alliance Bank CD 06/14/24 10,255,918 – – – – – – – – – – – –
East West Bank CD 06/17/24 15,489,078 15,489,078 – – – – – – – – – – –
Alliance Bank CD 06/27/24 13,435,856 13,435,856 – – – – – – – – – – –
Independent Financial CD 07/24/24 10,109,726 – – – – – – – – – – – –
FHLB 07/26/24 9,962,974 – – – – – – – – – – – –
FFCB 08/21/24 3,969,138 3,969,138 – – – – – – – – – – –
Alliance Bank CD 12/13/24 10,255,918 – – – – – – – – – – – –
T-Note 12/15/24 4,705,078 4,705,078 – – – – – – – – – – –
Third Coast Bank CD 06/28/25 10,000,000 10,000,000 – – – – – – – – – – –
Totals 899,378,504$ 304,979,419$ 435,925$ 30,325,458$ 118,782$ 1,644,861$ 1,592,110$ 1,693$ 1,100,146$ 10,859,315$ 30,229$ 273,546$ 1,129,847$
City of Georgetown Valley View Consulting, L.L.C.2074
Quarterly Financial Report
City - Allocation
June 30, 2023
Market Value
JPMorgan Chase Cash
JPMorgan Chase MMA
Wells Fargo Bank Cash
Wells Fargo Bank Sweep-MMF
Veritex Community Bank MMA
NexBank MMA
TexPool
TexSTAR
Alliance Bank CD 07/01/23
FHLB 07/31/23
East West Bank CD 08/01/23
Alliance Bank CD 08/02/23
Bank OZK CD 08/14/23
East West Bank CD 08/15/23
East West Bank CD 08/15/23
Texas Capital Bank CD 08/24/23
FHLB 09/13/23
FFCB 09/22/23
Veritex Community Bank CD 09/25/23
Bank OZK CD 09/30/23
Bank OZK CD 10/09/23
East West Bank CD 10/12/23
FHLB 10/13/23
East West Bank CD 10/18/23
East West Bank CD 10/19/23
FHLB 10/24/23
Bank OZK CD 11/13/23
East West Bank CD 11/13/23
East West Bank CD 11/15/23
FAMCA 11/22/23
East West Bank CD 12/11/23
FAMCA 12/13/23
East West Bank CD 12/20/23
Alliance Bank CD 12/27/23
Bank OZK CD 12/30/23
Alliance Bank CD 01/12/24
East West Bank CD 01/12/24
East West Bank CD 01/18/24
Veritex Community Bank CD 01/23/24
East West Bank CD 01/26/24
Southside Bank CD 02/02/24
Independent Financial CD 02/15/24
FHLB 02/28/24
East West Bank CD 03/11/24
BOK Financial CD 03/23/24
Third Coast Bank CD 03/28/24
Bank OZK CD 04/18/24
East West Bank CD 04/26/24
Independent Financial CD 05/09/24
T-Note 05/15/24
BOK Financial CD 05/16/24
Alliance Bank CD 06/14/24
East West Bank CD 06/17/24
Alliance Bank CD 06/27/24
Independent Financial CD 07/24/24
FHLB 07/26/24
FFCB 08/21/24
Alliance Bank CD 12/13/24
T-Note 12/15/24
Third Coast Bank CD 06/28/25
Totals
(Continued)
2019 CO-
Streets/
Facilities/
Equip
2019 GO-
Roads
2020 CO-
Facilities/
Equip/Parks
2020 GO-
Roads
Electric-LCRA
Transformers
City - 2021 CO
Airport
City - 2021 CO
Fac/Equip/ Parks
City - 2021 GO
Parks
City - 2021 GO
Roads
City - 2021A
CO Electric
City - 2021A
CO Water/WW
City - 2021A
GO Roads
City - 2022 CO
Airport
–$ –$ –$ –$ –$ –$ –$ –$ –$ –$ –$ –$ –$
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
5,890,569 2,831,964 589,778 4,151,964 3,955,599 727,530 4,295,171 14,367 2,521,872 431,192 4,742,713 9,428,111 519,293
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – 2,062,706 – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – 5,166,090 –
– – – – – – 4,145,390 – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – 5,148,542 –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – 2,581,244 – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
– – – – – – – – – – – – –
5,890,569$ 2,831,964$ 589,778$ 6,214,670$ 3,955,599$ 727,530$ 8,440,561$ 14,367$ 2,521,872$ 431,192$ 7,323,957$ 19,742,743$ 519,293$
City of Georgetown Valley View Consulting, L.L.C.2175
Quarterly Financial Report
City - Allocation
June 30, 2023
Market Value
JPMorgan Chase Cash
JPMorgan Chase MMA
Wells Fargo Bank Cash
Wells Fargo Bank Sweep-MMF
Veritex Community Bank MMA
NexBank MMA
TexPool
TexSTAR
Alliance Bank CD 07/01/23
FHLB 07/31/23
East West Bank CD 08/01/23
Alliance Bank CD 08/02/23
Bank OZK CD 08/14/23
East West Bank CD 08/15/23
East West Bank CD 08/15/23
Texas Capital Bank CD 08/24/23
FHLB 09/13/23
FFCB 09/22/23
Veritex Community Bank CD 09/25/23
Bank OZK CD 09/30/23
Bank OZK CD 10/09/23
East West Bank CD 10/12/23
FHLB 10/13/23
East West Bank CD 10/18/23
East West Bank CD 10/19/23
FHLB 10/24/23
Bank OZK CD 11/13/23
East West Bank CD 11/13/23
East West Bank CD 11/15/23
FAMCA 11/22/23
East West Bank CD 12/11/23
FAMCA 12/13/23
East West Bank CD 12/20/23
Alliance Bank CD 12/27/23
Bank OZK CD 12/30/23
Alliance Bank CD 01/12/24
East West Bank CD 01/12/24
East West Bank CD 01/18/24
Veritex Community Bank CD 01/23/24
East West Bank CD 01/26/24
Southside Bank CD 02/02/24
Independent Financial CD 02/15/24
FHLB 02/28/24
East West Bank CD 03/11/24
BOK Financial CD 03/23/24
Third Coast Bank CD 03/28/24
Bank OZK CD 04/18/24
East West Bank CD 04/26/24
Independent Financial CD 05/09/24
T-Note 05/15/24
BOK Financial CD 05/16/24
Alliance Bank CD 06/14/24
East West Bank CD 06/17/24
Alliance Bank CD 06/27/24
Independent Financial CD 07/24/24
FHLB 07/26/24
FFCB 08/21/24
Alliance Bank CD 12/13/24
T-Note 12/15/24
Third Coast Bank CD 06/28/25
Totals
(Continued)
City - 2022 CO
Fac/Equip/Parks
City - 2022 CO
Stormwater
City - 2022 GO
Parks
City - 2022 GO
Roads
City - 2022 CO
Electric
City - 2022 CO
Water/WW
City - 2023 CO
Fac/Equip/Parks
City - 2023 CO
Stormwater
City - 2023 GO
Parks
City - 2023 GO
Roads
City - 2023
Revenue
Electric
City - 2023
Revenue
Water/WW
–$ –$ –$ –$ –$ –$ –$ –$ –$ –$ –$ –$
– – – – – – – – – – – –
– – – – – – – – – – – –
– – – – – – – – – – – –
– – – – – – – – – – – –
– – – – – – – – – – – –
– – – – – – – – – – – –
1,987,910 175,646 4,292,338 9,588,061 6,817,853 37,760,378 25,624,527 661,438 7,031,869 25,956,188 13,671,429 93,918,647
– – – – – – – – – – – –
– – – – – – – – – – – –
– – – – – – – – – – – –
1,023,746 – – – – – – – – – – –
– – – – – – – – – – – –
– – – – – – – – – – – –
– – – – – – – – – – – –
– – – – – – – – – – – –
– – – 13,295,077 – – – – – – – –
– – – – 914,394 – – – – – – –
– – – – – – – – – – – –
– – – – – – – – – – – –
– – – – – – – – – – – –
– – – 13,777,849 – – – – – – – –
– – – – – – – – – – – –
– – – – – 10,216,163 – – – – – –
– – – – – –– – – – – –
– – – – – 9,845,225 – – – – – –
– – – – – –– – – – – –
– – – – – –– – – – – –
– – – – – –– – – – – –
– – – – – –– – – – – –
– – – – – –– – – – – –
– – – – – –– – – – – –
– – – – – –– – – – – –
– – – – – –– – – – – –
– – – – – 26,325,077 – – – – – –
– – – – – –– – – – – –
– – – – – 10,109,963 – – – – – –
– – – – – 10,213,869 – – – – – –
– – – – – –– – – – – –
– – – 4,036,983 – –– – – – – –
– – – – – 10,250,379 – – – – – –
– – – – – 12,050,795 – – – – – –
– – – – – –– – – – – –
– – – – – 10,164,995 – – – – – –
– – – – – –– – – – – –
– – – – – –– – – – – –
– – – – – 10,082,558 – – – – – –
– – – – – –– – – – – –
– – – – – –– – – – – –
– – – – – –– – – – – –
– – – – – 8,000,000 – – – – – –
– – – – – 10,255,918 – – – – – –
– – – – – –– – – – – –
– – – – – –– – – – – –
– – – – – 10,109,726 – – – – – –
– – – – – 9,962,974 – – – – – –
– – – – – –– – – – – –
– – – – – 10,255,918 – – – – – –
– – – – – –– – – – – –
– – – – – –– – – – – –
3,011,656$ 175,646$ 4,292,338$ 40,697,969$ 7,732,247$ 195,603,936$ 25,624,527$ 661,438$ 7,031,869$ 25,956,188$ 13,671,429$ 93,918,647$
City of Georgetown Valley View Consulting, L.L.C.2276
Quarterly Financial Report
City - Allocation
June 30, 2023
Market Value
JPMorgan Chase Cash
JPMorgan Chase MMA
Wells Fargo Bank Cash
Wells Fargo Bank Sweep-MMF
Veritex Community Bank MMA
NexBank MMA
TexPool
TexSTAR
Alliance Bank CD 07/01/23
FHLB 07/31/23
East West Bank CD 08/01/23
Alliance Bank CD 08/02/23
Bank OZK CD 08/14/23
East West Bank CD 08/15/23
East West Bank CD 08/15/23
Texas Capital Bank CD 08/24/23
FHLB 09/13/23
FFCB 09/22/23
Veritex Community Bank CD 09/25/23
Bank OZK CD 09/30/23
Bank OZK CD 10/09/23
East West Bank CD 10/12/23
FHLB 10/13/23
East West Bank CD 10/18/23
East West Bank CD 10/19/23
FHLB 10/24/23
Bank OZK CD 11/13/23
East West Bank CD 11/13/23
East West Bank CD 11/15/23
FAMCA 11/22/23
East West Bank CD 12/11/23
FAMCA 12/13/23
East West Bank CD 12/20/23
Alliance Bank CD 12/27/23
Bank OZK CD 12/30/23
Alliance Bank CD 01/12/24
East West Bank CD 01/12/24
East West Bank CD 01/18/24
Veritex Community Bank CD 01/23/24
East West Bank CD 01/26/24
Southside Bank CD 02/02/24
Independent Financial CD 02/15/24
FHLB 02/28/24
East West Bank CD 03/11/24
BOK Financial CD 03/23/24
Third Coast Bank CD 03/28/24
Bank OZK CD 04/18/24
East West Bank CD 04/26/24
Independent Financial CD 05/09/24
T-Note 05/15/24
BOK Financial CD 05/16/24
Alliance Bank CD 06/14/24
East West Bank CD 06/17/24
Alliance Bank CD 06/27/24
Independent Financial CD 07/24/24
FHLB 07/26/24
FFCB 08/21/24
Alliance Bank CD 12/13/24
T-Note 12/15/24
Third Coast Bank CD 06/28/25
Totals
(Continued)
City -
American
Rescue Plan
City - Impact
Fees - Water
City - Impact
Fees - WW
City - Limited
Tax Note,
Series 2022
–$ –$ –$ –$
– – – –
– – – –
– – – –
– – – –
– – – –
– – – –
7,884,881 14,983,599 9,293,584 3,830,552
– – – –
– – – –
– – – –
– – – –
– – – –
– – – –
– – – –
– – – –
– – – –
– – – –
– – – –
– 25,312,574 – –
– –– –
– – – –
– – – –
– – – –
– – – –
– – – –
– – – –
– – – –
– – – –
– – – –
– – – –
– – – –
– – – –
– – – –
– – – –
– – – –
– – – –
– – – –
– – – –
– – – –
– – – –
– – – –
– – 8,000,000
– – – –
– – – –
– – – –
– – – –
– – – –
– – – –
– – – –
– – – –
– – – –
– – – –
– – – –
– – – –
– – – –
– – – –
7,884,881$ 40,296,173$ 17,293,584$ 3,830,552$
City of Georgetown Valley View Consulting, L.L.C.2377
Quarterly Financial Report
City - Allocation
Totals 899,378,504$ 304,979,419$ 435,925$ 30,325,458$ 118,782$ 1,644,861$ 1,592,110$ 1,693$ 1,100,146$ 10,859,315$ 30,229$ 273,546$ 1,129,847$
City of Georgetown Valley View Consulting, L.L.C.2478
Quarterly Financial Report
City - Allocation
Totals
(Continued)
5,890,569$ 2,831,964$ 589,778$ 6,214,670$ 3,955,599$ 727,530$ 8,440,561$ 14,367$ 2,521,872$ 431,192$ 7,323,957$ 19,742,743$ 519,293$
City of Georgetown Valley View Consulting, L.L.C.2579
Quarterly Financial Report
City - Allocation
Totals
(Continued)
3,011,656$ 175,646$ 4,292,338$ 40,697,969$ 7,732,247$ 195,603,936$ 25,624,527$ 661,438$ 7,031,869$ 25,956,188$ 13,671,429$ 93,918,647$
City of Georgetown Valley View Consulting, L.L.C.2680
Quarterly Financial Report
City - Allocation
Totals
(Continued)
7,884,881$ 40,296,173$ 17,293,584$ 3,830,552$
City of Georgetown Valley View Consulting, L.L.C.81
Quarterly Financial Report
Georgetown Economic Development Corporation (GEDCO)
QUARTERLY INVESTMENT REPORT
For the Quarter Ended
September 30, 2023
Prepared by
Valley View Consulting, L.L.C.
________________________________________________________________________
Leigh Wallace Nathan Parras
Finance Director Assistant Finance Director
________________________________________________________________________
Karrie Pursley Elaine Wilson
Treasurer Assistant Finance Director
The investment portfolio of the Georgetown Economic Development Corporation (GEDCO) is in compliance with
the Texas Public Funds Investment Act and the Investment Policy and Strategies.
Disclaimer:These reports were compiled using information provided by the City.No procedures were performed to test the accuracy or
completeness of this information.The market values included in these reports were obtained by Valley View Consulting,L.L.C.from
sources believed to be accurate and represent proprietary valuation.Due to market fluctuations these levels are not necessarily reflective of
current liquidation values.Yield calculations are not determined using standard performance formulas,are not representative of total return
yields and do not account for investment advisor fees.
82
Quarterly Financial Report
Annual Comparison of Portfolio Performance
FYE Results by Investment Category:
Asset Type Ave. Yield Book Value Market Value Ave. Yield Book Value Market Value
MMA 3.08%2,147,122$ 2,147,122$ 5.31%2,247,962$ 2,247,962$
Pools 2.34%6,586,175 6,586,175 5.32%6,426,370 6,426,370
CDs/Securities 0.00%– – 5.95%2,515,088 2,515,088
Totals 8,733,297$ 8,733,297$ 11,189,420$ 11,189,420$
Fourth Quarter-End Yield 2.52%5.46%
Average Quarter-End Yields (1):
2022 Fiscal Year 2023 Fiscal Year
GEDCO 0.91%4.82%
Rolling Three Month Treasury 1.06%4.95%
Rolling Six Month Treasury 1.01%4.77%
TexPool 0.90%4.74%
(1)Average Quarterly Yield calculated using quarter-end report average yield and adjusted book value.
September 30, 2022 September 30, 2023
Georgetown Economic Development Corporation (GEDCO)Valley View Consulting, L.L.C.183
Quarterly Financial Report
Summary
Quarter End Results by Investment Category:
Asset Type Book Value Market Value Book Value Market Value Ave. Yield
MMA 2,218,434$ 2,218,434$ 2,247,962$ 2,247,962$ 5.31%
Pools 8,662,192 8,662,192 6,426,370 6,426,370 5.32%
CDs/Securities – – 2,515,088 2,515,088 5.95%
10,880,626$ 10,880,626$ 11,189,420$ 11,189,420$ 5.46%
Quarter End Average Yield (1) Fiscal Year-to-Date Average Yield (2)
Total Portfolio 5.46%Total Portfolio 4.82%
Rolling Three Month Treasury 5.54%Rolling Three Month Treasury 4.95%
Rolling Six Month Treasury 5.38%Rolling Six Month Treasury 4.77%
TexPool 5.32%TexPool 4.74%
Interest income provided in separate report.
June 30, 2023
(1)Quarter End Average Yield - based on adjusted book value, realized and unrealized gains/losses and investment advisory fees are not
considered. The yield for the reporting month is used for bank, pool, and money market balances.
(2)Fiscal Year-to-Date Average Yield - calculated using quarter end report yields and adjusted book values and does not reflect a total return
analysis or account for advisory fees.
September 30, 2023
Georgetown Economic Development Corporation (GEDCO)Valley View Consulting, L.L.C.284
Quarterly Financial Report
Economic Overview 9/30/2023
The Federal Open Market Committee (FOMC) maintained the Fed Funds target range 0.25% to 5.25% - 5.50% (Effective Fed Funds are trading +/-5.33%). A pause is projected at least until the
September 19-20 meeting, with any future actions data-dependent. Second Quarter 2023 GDP posted 2.1%. September Non-Farm Payroll surged up 336k new jobs, above the 170k projection.
The S&P Stock Index continued to slide below 4,300. The yield curve drifted higher on the long end. Crude Oil traded +/-$85 per barrel. Inflation drifted lower but still over the FOMC 2% target
(Core PCE +/-3.9% and CPI +/-3.7%). The slowing China and German economies, Ukrainian/Russian and Israeli/Hamas conflicts continue to weight on future outlooks.
02505007501,0001,2501,5001,7502,0002,2502,5002,7503,0003,2503,5003,7504,0004,2504,5004,7505,0005,250 S&P 500
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
4.50
5.00
5.50
6.00 US Treasury Historical Yields - Since Nov 2015
Six Month T-Bill Two Year T-Note Ten Year T-Note
0.00
1.00
2.00
3.00
4.00
5.00
6.00 Treasury Yield Curves
September 30, 2022 June 30, 2023 September 30, 2023
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
4.50
5.00
5.50
6.00 US Treasury Historical Yields - Since 2006
Six Month T-Bill Two Year T-Note Ten Year T-Note
Valley View Consulting, L.L.C.385
Quarterly Financial Report
Investment Holdings
Coupon/Maturity Settlement Face Amount/Book Market Market Life
Description Ratings Discount Date Date Par Value Value Price Value (Day)Yield
Veritex Bank MMA 5.31%10/01/23 09/30/23 2,247,962$ 2,247,962$ 1.00 2,247,962$ 1 5.31%
TexasDAILY AAAm 5.35%10/01/23 09/30/23 2,241,321 2,241,321 1.00 2,241,321 1 5.35%
TexSTAR AAAm 5.31%10/01/23 09/30/23 4,185,049 4,185,049 1.00 4,185,049 1 5.31%
East West Bank CD 5.78%02/26/24 08/24/23 2,515,088 2,515,088 1.00 2,515,088 149 5.95%
11,189,420$ 11,189,420$ 11,189,420$ 34 5.46%
(1)(2)
September 30, 2023
(1) Weighted average life - For purposes of calculating weighted average life, bank accounts, pools and money market funds are assumed to have an one day maturity.
(2) Weighted average yield to maturity - The weighted average yield to maturity is based on adjusted book value, realized and unrealized gains/losses and investment advisory fees
are not considered. The yield for the reporting month is used for bank accounts, pools, and money market funds.
Georgetown Economic Development Corporation (GEDCO)Valley View Consulting, L.L.C.486
Quarterly Financial Report
MMA
20%
Pools 57%
CDs/Securitie
s 23%
GEDCO PORTFOLIO COMPOSITION
$0
$2,000,000
$4,000,000
$6,000,000
$8,000,000
$10,000,000
$12,000,000
12/31/22 3/31/23 6/30/23 9/30/23
GEDCO PORTFOLIO BALANCES
CD
TexasDAILY
TexSTAR
MoneyMarket
Georgetown Economic Development Corporation (GEDCO)Valley View Consulting, L.L.C.587
Quarterly Financial Report
Book & Market Value Comparison
Issuer/Description Yield Maturity
Date
Book Value
06/30/23 Increases Decreases Book Value
09/30/23
Market Value
06/30/23
Change in
Market Value
Market Value
09/30/23
Veritex Bank MMA 5.31%10/01/23 2,218,434$ 29,528$ –$ 2,247,962$ 2,218,434$ 29,528$ 2,247,962$
TexasDAILY 5.35%10/01/23 2,211,780 29,541 – 2,241,321 2,211,780 29,541 2,241,321
TexSTAR 5.31%10/01/23 6,450,412 – (2,265,363) 4,185,049 6,450,412 (2,265,363) 4,185,049
East West Bank CD 5.95%02/26/24 – 2,515,088 – 2,515,088 – 2,515,088 2,515,088
TOTAL / AVERAGE 5.46%10,880,626$ 2,574,157$ (2,265,363)$ 11,189,420$ 10,880,626$ 308,794$ 11,189,420$
Georgetown Economic Development Corporation (GEDCO)Valley View Consulting, L.L.C.688
Quarterly Financial Report
Georgetown Transportation Enhancement Corporation (GTEC)
QUARTERLY INVESTMENT REPORT
For the Quarter Ended
________________________________________________________________________
Leigh Wallace Nathan Parras
Finance Director Assistant Finance Director
________________________________________________________________________
Karrie Pursley Elaine Wilson
Treasurer
The investment portfolio of the Georgetown Transportation Enhancement Corporation (GTEC) is in compliance
with the Texas Public Funds Investment Act and the Investment Policy and Strategies.
Disclaimer:These reports were compiled using information provided by the City.No procedures were performed to test the accuracy or
completeness of this information.The market values included in these reports were obtained by Valley View Consulting,L.L.C.from
sources believed to be accurate and represent proprietary valuation.Due to market fluctuations these levels are not necessarily reflective
of current liquidation values.Yield calculations are not determined using standard performance formulas,are not representative of total
Prepared by
Valley View Consulting, L.L.C.
September 30, 2023
return yields and do not account for investment advisor fees.
89
Quarterly Financial Report
FYE Results by Investment Category:
Asset Type Ave. Yield Book Value Market Value Ave. Yield Book Value Market Value
Pools/MMAs 2.44%33,113,125$ 33,113,125$ 5.32%24,908,141$ 24,908,141$
CDs/Securities 3.22%5,018,515 5,018,515 5.60%18,200,215 18,200,215
Totals 38,131,640$ 38,131,640$ 43,108,356$ 43,108,356$
Fourth Quarter-End Yield 2.54%5.44%
Average Quarter-End Yields (1):
2022 Fiscal Year 2023 Fiscal Year
GTEC 0.92%4.77%
Rolling Three Month Treasury 1.06%4.95%
Rolling Six Month Treasury 1.01%4.77%
TexPool 0.90%4.74%
(1)Average Quarterly Yield calculated using quarter-end report average yield and adjusted book value.
September 30, 2022 September 30, 2023
Georgetown Transportation Enhancement Corporation (GTEC) Valley View Consulting, L.L.C.
1
Annual Comparison of Portfolio Performance
90
Quarterly Financial Report
Quarter End Results by Investment Category:
Asset Type Book Value Market Value Book Value Market Value Ave. Yield
Pools/MMAs 35,611,949$ 35,611,949$ 24,908,141$ 24,908,141$ 5.32%
CDs/Securities 10,085,562 10,082,914 18,200,215 18,200,215 5.60%Totals 45,697,510$ 45,694,863$ 43,108,356$ 43,108,356$ 5.44%
Quarter End Average Yield (1) Fiscal Year-to-Date Average Yield (2)
Total Portfolio 5.44%Total Portfolio 4.77%
Rolling Three Month Treasury 5.54%Rolling Three Month Treasury 4.95%
Rolling Six Month Treasury 5.38%Rolling Six Month Treasury 4.77%
TexPool 5.32%TexPool 4.74%
Interest data provided in separate report.
June 30, 2023
(1)Quarter End Average Yield - based on adjusted book value, realized and unrealized gains/losses and investment advisory fees are not
considered. The yield for the reporting month is used for bank, pool, and money market balances.(2)Fiscal Year-to-Date Average Yield - calculated using quarter end report yields and adjusted book values and does not reflect a total
return analysis or account for advisory fees.
September 30, 2023
Georgetown Transportation Enhancement Corporation (GTEC)Valley View Consulting, L.L.C.2
Summary
91
Quarterly Financial Report
Economic Overview 9/30/2023
The Federal Open Market Committee (FOMC) maintained the Fed Funds target range 0.25% to 5.25% - 5.50% (Effective Fed Funds are trading +/-5.33%). A pause is projected at least until the
September 19-20 meeting, with any future actions data-dependent. Second Quarter 2023 GDP posted 2.1%. September Non-Farm Payroll surged up 336k new jobs, above the 170k projection.
The S&P Stock Index continued to slide below 4,300. The yield curve drifted higher on the long end. Crude Oil traded +/-$85 per barrel. Inflation drifted lower but still over the FOMC 2% target
(Core PCE +/-3.9% and CPI +/-3.7%). The slowing China and German economies, Ukrainian/Russian and Israeli/Hamas conflicts continue to weight on future outlooks.
02505007501,0001,2501,5001,7502,0002,2502,5002,7503,0003,2503,5003,7504,0004,2504,5004,7505,0005,250 S&P 500
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
4.50
5.00
5.50
6.00 US Treasury Historical Yields - Since Nov 2015
Six Month T-Bill Two Year T-Note Ten Year T-Note
0.00
1.00
2.00
3.00
4.00
5.00
6.00 Treasury Yield Curves
September 30, 2022 June 30, 2023 September 30, 2023
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
4.50
5.00
5.50
6.00 US Treasury Historical Yields - Since 2006
Six Month T-Bill Two Year T-Note Ten Year T-Note
Valley View Consulting, L.L.C.392
Quarterly Financial Report
Investment Holdings
Coupon/Maturity Settlement Face Amount/Book Market Market Life
Description Ratings Discount Date Date Par Value Value Price Value (Day)Yield
TexPool AAAm 5.32%10/01/23 09/30/23 9,988,765$ 9,988,765$ 1.00 9,988,765$ 1 5.32%
TexSTAR AAAm 5.31%10/01/23 09/30/23 12,082,886 12,082,886 1.00 12,082,886 1 5.31%
Veritex Bank MMA 5.31%10/01/23 09/30/23 2,836,490 2,836,490 1.00 2,836,490 1 5.31%
Independent Financial CD 4.95%02/09/24 09/05/23 2,047,472 2,047,472 100.00 2,047,472 132 5.04%
East West Bank CD 5.22%05/28/24 05/25/23 3,130,109 3,130,109 0.00 3,130,109 241 5.36%
Alliance Bank CD 5.80%08/23/24 08/23/23 8,000,000 8,000,000 0.00 8,000,000 328 5.93%
Veritex Community Bank CD 5.33%02/18/25 08/17/23 5,022,634 5,022,634 0.00 5,022,634 507 5.46%
TOTALS 43,108,356$ 43,108,356$ 43,108,356$ 144 5.44%
(1)(2)
September 30, 2023
(1) Weighted average life - For purposes of calculating weighted average life, bank accounts, pools and money market funds are assumed to have an one day maturity.
(2) Weighted average yield to maturity - The weighted average yield to maturity is based on adjusted book value, realized and unrealized gains/losses and investment advisory fees are not
considered. The yield for the reporting month is used for bank accounts, pools, and money market funds.
Georgetown Transportation Enhancement Corporation (GTEC)Valley View Consulting, L.L.C.493
Quarterly Financial Report
Pools/MMAs 58%
CDs/Securities
42%
GTEC PORTFOLIO COMPOSITION
$0
$5,000,000
$10,000,000
$15,000,000
$20,000,000
$25,000,000
$30,000,000
$35,000,000
$40,000,000
$45,000,000
$50,000,000
12/31/2022 3/31/2023 6/30/2023 9/30/2023
GTEC PORTFOLIO BALANCES
CD
TexPool
TexSTAR
Money Mark
Georgetown Transportation Enhancement Corporation (GTEC)Valley View Consulting, L.L.C.594
Quarterly Financial Report
Book & Market Value Comparison
Issuer/Description Yield Maturity
Date
Book Value
06/30/23 Increases Decreases Book Value
09/30/23
Market Value
06/30/23
Change in
Market Value
Market Value
09/30/23
TexPool 5.32%10/01/23 27,950,747$ –$ (17,961,983)$ 9,988,765$ 27,950,747$ (17,961,983)$ 9,988,765$
TexSTAR 5.31%10/01/23 4,861,964 7,220,922 – 12,082,886 4,861,964 7,220,922 12,082,886
Veritex Bank MMA 5.31%10/01/23 2,799,238 37,252 – 2,836,490 2,799,238 37,252 2,836,490
FAMCA 4.84%08/11/23 4,974,123 – (4,974,123) – 4,971,475 (4,971,475) –
Independent Financial CD 5.04%02/09/24 2,022,241 25,231 – 2,047,472 2,022,241 25,231 2,047,472
East West Bank CD 5.36%05/28/24 3,089,198 40,911 – 3,130,109 3,089,198 40,911 3,130,109
Alliance Bank CD 5.93%08/23/24 – 8,000,000 – 8,000,000 – 8,000,000 8,000,000
Veritex Community Bank CD 5.46%02/18/25 – 5,022,634 – 5,022,634 – 5,022,634 5,022,634
TOTAL / AVERAGE 5.44%45,697,510$ 20,346,951$ (22,936,106)$ 43,108,356$ 45,694,863$ (2,586,507)$ 43,108,356$
Georgetown Transportation Enhancement Corporation (GTEC)Valley View Consulting, L.L.C.695
Quarterly Financial Report
Department Federal Grantor Pass-Through Agency Identifying Number COG Name/Purpose YTD Expenditures YTD Revenue Recognized
Airport N/A Texas Department of
Transportation-Aviation
M2314GEOR RAMP Grant - Routine Airport
Maintenance Program
40,444 40,444
Airport Federal Aviation Administration Texas Department of
Transportation
2314GRGTN Airport Pavement Project 169,400 -
Airport Federal Aviation Administration Texas Department of
Transportation
22CVGEORG Airport Rescue Plan 59,000 59,000
Arts & Culture Texas Commission on the Arts FY22 Performance Grant - Sue Foley 2,250 2,250
Emergency Management US Dept. of the Treasury American Rescue Plan Act SLFRF Funding 490,958 490,958
Fire/EMS Health and Human Services Commission Texas HHSC - Ambulance
Services Supplemental Payment Program
DY11 2022 UC TASSPP Funding (Ambulance)- 227,910
Library N/A St. David's Foundation St. David's Grant - 2,379 40,000
Planning US Department of Housing & Urban Development Williamson County CDBG 21st St Infrastructure Additional Funding 121,712 121,712
Planning US Department of Housing & Urban Development Williamson County CDBG 21st St Infrastructure 52,952 52,952
Planning US Department of Housing & Urban Development Williamson County CDBG Home Repair (FY21)34,644 34,644
Police US. Department of Justice N/A TX2460200 Equitable Sharing Agreement - -
Police US. Department of Treasury N/A TX2460200 Equitable Sharing Agreement - - Public Works Dept. of Transportation /Federal Highway
Administration
Texas Department of
Transportation
CSJ 0914-05-201 Highway Planning &
Construction (Lakeway & Williams Drive)
270,069 270,069
Public Works Dept. of Transportation /Federal Highway Administration Texas Department of Transportation CSJ 0914-05-200 Williams Drive Access Management (Study &
Schematic)
119,426 119,426
Division Grantor COG Name/Purpose Status
Public Works/Electric/City-Wide Federal Emergency Management Administration Texas Division of Emergency Management DR-4705-TX Winter Storm Mara Projects are in progress as of 3/31/23; Damage Inventory
Report provided to FEMA as of 9/30; ongoing meeting with
FEMA continuing into FY24.
Reviewed By: Elaine Wilson
CITY OF GEORGETOWN
Grant/Federal Funding Report
as of September 30, 2023
Active
Applications Pending Award
96
Quarterly Financial Report
City of Georgetown Capital Projects Life to Date Project Budget Total Spend Remaining Budget Percentage Remaining
CDBG
PRJ000003 17th Street 193,000 175,137 17,863 9%
PRJ000248 21st W/WW offsite CDBG 97,000 235,178 (138,178) -142%
CDBG Total 290,000 410,315 (120,315) -41%
Electric
PRJ000022 Consultant Engineering 271,352 117,608 153,744 57%
PRJ000026 Db Wood_Sh29 Intersection 240,000 170,413 69,587 29%
PRJ000036 Electrical System Improvement 100,000 22,542 77,458 77%
PRJ000062 New Development Projects 21,628,016 8,442,106 13,185,910 61%
PRJ000073 Power Quality Improvements 50,000 - 50,000 100%
PRJ000147 Sectionalization Improvements 2,537,531 517,024 2,020,506 80%
PRJ000189 Ronald Reagan - Glasscock Feeder Extension along Hwy 195 -Phase I 729,902 666,162 63,740 9%
PRJ000192 Ronald Reagan - Glasscock Feeder extension along Hwy 195 - Phase II 266,699 266,699 - 0%
PRJ000195 Downtown Overhead Rehab 39,749 39,610 139 0%
PRJ000221 Titan-Aviation Dr to IH35 Infrastructure Addition 1,834,634 1,718,329 116,305 6%
PRJ000225 Chapel Hill, WS-11139 (GEO-45-C.3)453,110 453,110 - 0%
PRJ000226 Wolf Ranch West - Section 1AG & 1BG 487,238 500,769 (13,531) -3%
PRJ000227 Ascend Westinghouse Apartments 452,105 454,429 (2,325) -1%
PRJ000231 Georgetown Titan Development 1 & 2 114,199 114,199 - 0%
PRJ000234 Summit at Westinghouse Self-Storage 49,032 49,032 - 0%
PRJ000238 The Oscar at Georgetown 225,463 225,463 - 0%
PRJ000239 Wolf Ranch West - Section 3 - Phase 2 147,487 411,881 (264,394) -179%
PRJ000242 Allora North Georgetown 286,467 286,467 - 0%
PRJ000243 Fairfield Inn - WS11346 131,340 43,084 88,256 67%
PRJ000245 Morgan Mays Street Apartments 282,687 282,687 - 0%
PRJ000246 Vida Apartments 125,518 125,518 - 0%
PRJ000247 Georgetown (Longhorn) Travel Center Rev 193,845 169,620 24,224 12%
PRJ000250 Georgetown Infiniti 48,755 48,755 - 0%
PRJ000269 Substation Feeder Exits and Extensions 1,634,458 - 1,634,458 100%
PRJ000270 System Improvements - Power Quality 1,061,650 61,632 1,000,018 94%
PRJ000271 System Improvements - Capacity Upgrades 6,853,452 267,244 6,586,208 96%
PRJ000272 Wolf Lakes 556,874 535,605 21,269 4%
PRJ000273 The Grove II Townhomes 25,498 25,498 - 0%
PRJ000282 ANB Systems - Interconnection Service Portal 32,963 32,963 - 0%
PRJ000283 Partners Software and Implementation 115,611 115,611 - 0%
PRJ000285 Titan NorthPark 35 - Building 3 26,532 26,532 - 0%
PRJ000286 Wolf Ranch West - Section 2G 396,591 386,029 10,563 3%
PRJ000287 Gateway 35 - Building 1 130,288 130,288 - 0%
PRJ000288 Round Rock 2 Apartments 490,160 490,160 - 0%
PRJ000289 Wolf Lakes Offsite Utility 169,137 169,137 - 0%
PRJ000290 Windmill Hill Blue Ridge Drive Extension 164,114 259,457 (95,343) -58%
PRJ000291 Chick-Fil-A Expansion at WR SC 72,396 30,039 42,357 59%
PRJ000292 Aviation Drive Extension - Lift Station 59,935 59,935 - 0%
PRJ000296 Sun City NH10 - Phase B 232,326 146,507 85,819 37%
PRJ000299 Wolf Lakes Apartments - Hines Tract 212,733 212,733 - 0%
PRJ000300 Wolf Lakes Bella Lago Underground Extension 245,217 234,520 10,697 4%
PRJ000301 Titan NorthPark 35 - Building 5 123,551 123,382 169 0%
PRJ000303 Westinghouse Retail Center at Windmill Hill 69,152 22,885 46,267 67%
PRJ000305 Medical Towers at Georgetown 18,622 18,622 - 0%
PRJ000306 Toolman Business Park 241,552 109,314 132,238 55%
PRJ000307 Sonrisa MOB, WS-11306, MPN-21-19 16,506 16,506 - 0%
PRJ000308 Sun City Neighborhood 77 306,196 222,659 83,537 27%
PRJ000309 Sun City NH 80 108,462 108,462 - 0%
PRJ000312 Dutch Bros. Coffee at 1309 W. University 5,328 5,328 - 0%
PRJ000313 Rivery Crossing (WS# 11264)162,454 16,851 145,604 90%
PRJ000314 Hewlett Volkswagen 2022 Remodel (MPN# 21-106)8,762 8,762 - 0%
PRJ000315 Hope Ranch (MPN# 21-104)118,282 11,051 107,231 91%
PRJ000316 Wolf Lakes HEB (MPN# 21-95)143,958 143,958 - 0%
PRJ000317 Blue Springs Business Park (MPN# 21-108)474,203 32,561 441,642 93%
PRJ000318 Costco 255,018 249,321 5,697 2%
PRJ000319 Georgetown Logistics (MPN# 21-87)453,870 333,739 120,132 26%
PRJ000320 Amazon Sortation Facility 16,223 16,223 - 0%
PRJ000321 Wolf Lakes - Bella June Extension 164,026 164,026 - 0%
PRJ000329 Sun City NH 79 (MPN# 22-14)86,101 86,101 - 0%
PRJ000330 2021 Airport Road Upgrade 484,281 250,386 233,894 48%
PRJ000331 Quail Valley (Phase 1) URD Voltage Conversion 240,344 92,092 148,252 62%
PRJ000334 Sun City Northpoint Amenity Center (MPN# 22-36)1,822 1,822 - 0%
PRJ000335 Stonemont Windmill Hill Industrial (MPN# 22-32)115,968 65,266 50,702 44%
PRJ000336 Wolf Lakes Ascension Seton Georgetown MOB (MPN# 22-9)51,136 51,136 - 0%
PRJ000339 Mays Street Retail Center (MPN# 22-30)82,062 6,297 75,764 92%
PRJ000340 Cellink (Gateway35 - Building 1) (MPN# 22-37)1,234,057 661,805 572,252 46%
PRJ000341 Gateway35 Building 3 (MPN# 22-27)139,423 139,423 - 0%
PRJ000342 Gateway35 Building 2 (MPN# 22-28)90,584 90,584 - 0%
PRJ000343 Gantt Serenada Subdivision (MPN# 22-44)13,538 13,538 - 0%
PRJ000345 Baylor Scott & White Expansion 147,236 28,126 119,110 81%
PRJ000346 Novak Chandra Multifamily - Wolf Lakes Village 1,055,522 782,405 273,117 26%
PRJ000347 Titan NorthPark 35 – Building 6 (MPN# 22-47)377,275 345,795 31,480 8%
PRJ000348 The Summit at Westinghouse (MPN# 22-26)358,809 20,164 338,645 94%
97
Quarterly Financial Report
City of Georgetown Capital Projects Life to Date Project Budget Total Spend Remaining Budget Percentage Remaining
PRJ000349 System Improvements - Operation Technology (SCADA/AMI/Network/Utility Software)1,850,000 28,277 1,821,723 98%
PRJ000350 System Improvements - Ordinary Replacements 2,640,000 807,264 1,832,736 69%
PRJ000351 Sun City Neighborhood 66 & 92 - Phase 1 (MPN#22-39)282,702 282,702 - 0%
PRJ000360 Windmill Hill – Commerce Blvd Expansion 63,153 63,153 - 0%
PRJ000365 Wellhouse Business Park 22-61 243,092 898 242,194 100%
PRJ000368 WILCO Children’s Advocacy Center 2022 Addition (MPN# 22-52)20,149 20,149 - 0%
PRJ000381 Sun City NH 66 & 92 (MPN#22-39)257,118 135,489 121,628 47%
PRJ000386 Rock Springs Hospital Expansion 2022 (MPN# 22-81)174,796 174,796 - 0%
PRJ000390 Georgetown ISD - Future Ready Learning Complex (MPN# 22-50)424,557 33,857 390,700 92%
PRJ000391 Longhorn Junction Logistics Center - ATS Option (MPN# 22-40)815,968 793,103 22,865 3%
PRJ000392 Chapel Hill Phase II 514,996 25,213 489,783 95%
PRJ000393 Georgetown Patio Homes - West Phase (MPN# 22 - 80)681,843 - 681,843 100%
PRJ000394 Home2Suites 2,864 2,864 - 0%
PRJ000395 Chance Leigh Custom Homes 3,363 3,363 - 0%
PRJ000397 Joseph Stephens Smooth Current Electric 4,312 3,629 683 16%
PRJ000398 Loram Technologies, Inc (MPN#22-60)354,037 62,193 291,844 82%
PRJ000399 Austin Traffic Signal (1311 W University Ave - Blue Bonnet Plaza)20,542 - 20,542 100%
PRJ000401 1402, 1406, 1410 Country Club Road 25,092 25,092 - 0%
PRJ000402 KL Electric - 3707 Brangus Road 2,800 1,940 860 31%
PRJ000404 Georgetown Headend Power Expansion 39,064 - 39,064 100%
PRJ000405 San Gabriel WW Treatment Expansion - - - 0%
PRJ000407 Woodfield Preserve - Phase 1 (MPN# 22-83)542,498 50,977 491,521 91%
PRJ000410 Sun City NH 75 162,243 117,617 44,626 28%
PRJ000411 University Storage (MPN# 22-96)122,981 - 122,981 100%
PRJ000412 Villas of Georgetown 618,135 58,681 559,454 91%
PRJ000414 Dish Wireless - Deer Haven 8,230 443 7,788 95%
PRJ000415 Titan Building 8 1,044,482 527,530 516,952 49%
PRJ000416 The Human Bean 32,356 - 32,356 100%
PRJ000418 Sun City NH65 13,999 13,999 - 0%
PRJ000419 Sun City Ridge Top Well House-Partners 129,784 9,333 120,451 93%
PRJ000420 Rivery Business Park 101,834 1,415 100,419 99%
PRJ000421 Grace Episcopal West Campus 67,612 5,537 62,076 92%
PRJ000422 Solid Waste Transfer Facility 179,406 - 179,406 100%
PRJ000423 TXDOT Williams at Lakeway 1,619 - 1,619 100%
PRJ000424 TXDOT Traffic Signal DB Wood @ SH29 4,050 - 4,050 100%
PRJ000426 Harmony Public School 175,217 - 175,217 100%
PRJ000427 Woodfield Preserve - Phase 7 (MPN# 22-84)539,131 24,963 514,167 95%
PRJ000428 2100 Coffee St 4,376 4,376 - 0%
PRJ000429 SuddenLink - First United Methodist Church 10,874 10,874 - 0%
PRJ000432 Deer Haven Retail 48,443 - 48,443 100%
PRJ000433 Westinghouse Business Park (MPN# 22-90)340,073 175,817 164,257 48%
PRJ000434 Coregon Building Co 9,520 3,344 6,176 65%
PRJ000435 Optimum Cable/ Cable TV Cabinet 5,206 - 5,206 100%
PRJ000436 Vault Rabbit Hill, LP 88,996 70,859 18,137 20%
PRJ000437 505 West University Ave. – Service Upgrade (MPN# 22-70)16,221 13,756 2,464 15%
PRJ000438 Sun City Texas - Ridgetop Well (MPN# 22-98)102,273 102,273 - 0%
PRJ000439 Tesla Charging Station - WR TC 18,180 18,180 - 0%
PRJ000440 System Improvements - Voltage Conversion 3,400,000 5,384 3,394,616 100%
PRJ000443 Verizon Tower Expansion 4,982 - 4,982 100%
PRJ000445 Wolf Crossing Hotel Development 128,934 9,933 119,001 92%
PRJ000446 Williams Plaza 324,055 20,175 303,880 94%
PRJ000448 Westlake Dermatology 172,172 11,387 160,785 93%
PRJ000449 Healthy Smiles Dentistry 83,728 8,261 75,467 90%
PRJ000450 TABB Improvement/Alvarado Property 8,139 6,116 2,023 25%
PRJ000451 Dollar General 44,067 3,079 40,988 93%
PRJ000454 GEORGETOWN AIRPORT SITE 3 HANGARS 62,940 3,912 59,028 94%
PRJ000456 The League Kitchen & Tavern 31,161 - 31,161 100%
PRJ000459 Winter Storm 2023 Tree Trimming 88,315 88,315 - 0%
PRJ000460 2023 Winter Storm Pedro SS Services 35,627 35,627 - 0%
PRJ000464 Southwestern University CHW Upgrades 175,779 13,420 162,359 92%
PRJ000465 Rush Automotive 74,218 62,779 11,440 15%
PRJ000467 2023 Winter Storm Tree Trimming Services 100,000 - 100,000 100%
PRJ000469 Chadwell Supply 6,991 - 6,991 100%
PRJ000470 Inner Peace, LLC 325,285 16,230 309,055 95%
PRJ000473 84 Lumber Yard Expansion 48,836 - 48,836 100%
PRJ000474 Rega of Paris 12,148 12,148 - 0%
PRJ000475 Titan NorthPark 35 Building 4 116,310 8,725 107,585 92%
PRJ000476 Lone Star Circle of Care 218,676 - 218,676 100%
PRJ000477 Georgetown Lake WTP EPSS - ATS 50,871 - 50,871 100%
PRJ000480 San Gabriel Flats 33,128 - 33,128 100%
PRJ000481 Wesleyan at Estrella 31,278 - 31,278 100%
PRJ000482 Inner Loop Storage 24,379 147 24,231 99%
PRJ000483 Outback Steakhouse 44,156 - 44,156 100%
PRJ000484 OnTrac - Windmill Hill 5,492 544 4,948 90%
PRJ000485 Georgetown ISD - Georgetown HS Ag Barn 54,694 - 54,694 100%
PRJ000489 Verizon Antenna - 293 Bass Pro Dr 7,572 - 7,572 100%
PRJ000490 Verizon Antenna - 4307 N Mays St 7,056 2,057 4,999 71%
PRJ000491 Verizon Antenna - 4561 N Mays st 5,123 - 5,123 100%
PRJ000492 Verizon Antenna - 246 University Blvd 20,893 - 20,893 100%
98
Quarterly Financial Report
City of Georgetown Capital Projects Life to Date Project Budget Total Spend Remaining Budget Percentage Remaining
PRJ000493 Club Car Wash Parking Lot Addition 42,980 - 42,980 100%
PRJ000497 Pop Shelf - 1019 W. University - - - 0%
PRJ000498 Third Coast Bank 4,325 - 4,325 100%
PRJ000499 Messer Residence - 1004 Falcon Flight Cove 9,745 9,745 - 0%
PRJ000500 Stump Properties - 907 S Myrtle St 6,076 380 5,696 94%
PRJ000502 The Retreat Lot 7 23,138 5,147 17,991 78%
PRJ000503 Gabriel Substation Exit Feeders 250,000 7,910 242,090 97%
PRJ000508 Waters Edge Apartments Maintenance Building 18,581 15,696 2,884 16%
PRJ000510 4103 Val Verde Dr 5,987 - 5,987 100%
PRJ000512 Optimum Cable Power Supply 5,376 - 5,376 100%
PRJ000513 Southeast Innerloop PUE Abandonment 524,037 - 524,037 100%
PRJ000514 Clints Liquor - - - 0%
PRJ000517 SBA Towers - 620 S IH 35 25,781 - 25,781 100%
PRJ000526 ZT Systems 1,960,000 - 1,960,000 100%
PRJ000527 1801 Leander Rd - - - 0%
PRJ000533 Grande 23-05-015 Make Ready 1,543 - 1,543 100%
PRJ000534 Grande 23-05-019 Make Ready 1,814 - 1,814 100%
PRJ000535 Georgetown Logistics Transformer addition 150,171 95,235 54,936 37%
PRJ000536 1503 Elm St Addition 5,645 4,121 1,524 27%
PRJ000537 Novak Offices 107,667 2,106 105,561 98%
PRJ000538 601 Woodway 5,471 - 5,471 100%
PRJ000552 309 E 11th St 5,251 - 5,251 100%
PRJ000554 2425 Williams Dr. - Grande 013 12,629 - 12,629 100%
PRJ000557 Sun City 88 & 89 459,198 - 459,198 100%
PRJ000581 1410 Country Club - Transformer Upgrade 5,027 - 5,027 100%
PRJ000584 Emergency Professional Services- Empact Engineering 20,000 - 20,000 100%
Electric Total 72,545,024 26,670,526 45,874,498 63%
Environmental Services
PRJ000116 Transfer Station 16,000,000 5,321,583 10,678,417 67%
Environmental Services Total 16,000,000 5,321,583 10,678,417 67%
Finance
PRJ000038 ERP Project 6,231,654 6,145,725 85,929 1%
Finance Total 6,231,654 6,145,725 85,929 1%
Fire
PRJ000134 SCBA Replacement 1,170,000 840,934 329,066 28%
PRJ000135 Cardiac Monitors 628,258 628,258 - 0%
PRJ000354 EMS Stryker Stretchers 193,534 193,534 - 0%
Fire Total 1,991,793 1,662,727 329,066 17%
Fleet
PRJ000124 Radio Replacement 1,570,417 931,675 638,742 41%
PRJ000279 Electric Bond Funded Vehicles - FY22 1,065,000 739,703 325,297 31%
PRJ000280 Fire Bond Funded Vehicles - FY22 2,008,000 1,896,440 111,560 6%
PRJ000281 Police Bond Funded Vehicles - FY22 1,277,000 573,040 703,960 55%
PRJ000355 Bond Funded Fire Vehicles - FY23 2,158,750 3,237,560 (1,078,810) -50%
PRJ000356 Bond Funded Police Vehicles - FY23 1,467,017 1,545,795 (78,779) -5%
PRJ000357 Bond Funded Public Safety Boat 249,940 363,000 (113,060) -45%
PRJ000361 Bond Funded Stormwater Street Sweeper 357,500 705,605 (348,105) -97%
PRJ000366 Electric Bond Funded Vehicles - FY23 450,000 1,241,940 (791,940) -176%
PRJ000388 Stormwater Vehicles/Equipment - FY 22 280,000 211,147 68,853 25%
Fleet Total 10,883,624 11,445,905 (562,282) -5%
GTEC Department
PRJ000046 FM 971/ Fontana (Nw Bridge)1,209,000 1,206,390 2,610 0%
PRJ000060 Rabbit Hill Road 4,474,639 1,155,567 3,319,071 74%
PRJ000145 Sh29 Signal, Right Turn Lane, & Hard Median 1,540,824 612,777 928,048 60%
PRJ000181 Aviation Drive 10,166,425 10,166,425 - 0%
PRJ000183 Costco 2,000,000 2,000,000 - 0%
PRJ000203 FM1460 Widening (300,984) - (300,984) 100%
PRJ000362 SH29 West (Wolf Ranch Pkwy to IH35)2,000,000 - 2,000,000 100%
PRJ000528 IH35 and Inner Loop 9,043,310 877,176 8,166,134 90%
PRJ000529 Lakeway/Airport Access 3,000,000 44,350 2,955,650 99%
GTEC Department Total 33,133,214 16,062,685 17,070,529 52%
Management Services
PRJ000029 Downtown Parking Garage 1,356,040 164,081 1,191,959 88%
PRJ000033 Dtwn Landsping & Public Art 5,746 5,746 - 0%
PRJ000131 Fuel Station 1,100,000 124,068 975,932 89%
PRJ000136 GMC Remodel Phase I 560,000 625,611 (65,611) -12%
PRJ000178 Public Safety Operation and Training Center Phase II 6,000,000 4,296,558 1,703,442 28%
PRJ000179 Recreation Center Teen/Senior Renovation 247,979 134,479 113,500 46%
PRJ000184 Airport Maintenance Facility 1,450,000 65,338 1,384,663 95%
PRJ000191 Georgetown City Center - Festival/Public Space 5,341,741 205,361 5,136,379 96%
PRJ000223 Wayfinding Signage 275,000 47,009 227,991 83%
PRJ000252 Fire Logistics Building 2,550,000 151,321 2,398,679 94%
PRJ000337 Downtown Austin Ave Parking Garage - ARPA 7,800,000 694,541 7,105,459 91%
99
Quarterly Financial Report
City of Georgetown Capital Projects Life to Date Project Budget Total Spend Remaining Budget Percentage Remaining
PRJ000338 Downtown Austin Ave Parking Garage - Bond Funded 9,337,500 - 9,337,500 100%
PRJ000352 Signature Gateway - Downtown 538,500 - 538,500 100%
PRJ000353 Fire Station 1 7,829,498 118,080 7,711,418 98%
PRJ000389 Tax Note Project Management, Series 2022 4,192,801 680,772 3,512,029 84%
PRJ000488 Animal Shelter Kennel 111,000 - 111,000 100%
Management Services Total 48,695,805 7,312,964 41,382,841 85%
Parks
PRJ000048 Garey Park 15,346,730 15,283,342 63,388 0%
PRJ000125 Parks Master Plan 229,798 229,798 0 0%
PRJ000129 Ada Transition Plan 1,361,780 928,477 433,303 32%
PRJ000249 GVPID Landscape Improvements 61,500 55,400 6,100 10%
PRJ000253 Southeast Community Park 16,557,711 6,057,711 10,500,000 63%
PRJ000278 Regional Trail Improvements 675,255 51,780 623,475 92%
PRJ000293 San Gabriel Park - Phase 3 8,088,714 2,700,124 5,388,590 67%
PRJ000322 Crystal Knoll Park 442,001 158,728 283,273 64%
PRJ000323 Madison Oaks Park 50,000 9,950 40,050 80%
PRJ000324 Vista Vera Park 250,000 29,925 220,075 88%
PRJ000326 Westhaven Park I and II 250,000 59,467 190,533 76%
PRJ000327 La Conterra Park 250,000 40,328 209,672 84%
PRJ000328 Waypoint Park 200,000 5,400 194,600 97%
PRJ000358 Parks Replacement (Previously SRF)1,573,600 443,161 1,130,439 72%
PRJ000359 Parks Safety Improvements 1,057,300 10,165 1,047,135 99%
PRJ000385 Garey Park - Phase II 1,000,000 - 1,000,000 100%
PRJ000441 Garey Park Estate 20,000,000 254,068 19,745,932 99%
PRJ000516 Summers Green Park Improvements 38,000 10,500 27,500 72%
Parks Total 67,432,390 26,328,323 41,104,067 61%
Public Works Department
PRJ000063 Northwest Blvd Bridge 421,578 421,578 - 0%
PRJ000137 Intersection Improvements (Lakeway @ Williams Drive)1,759,578 1,737,022 22,556 1%
PRJ000138 Downtown Sidewalks 3,679,978 1,504,671 2,175,307 59%
PRJ000139 Westinghouse - Scenic Lake Traffic Signal 353,446 317,140 36,307 10%
PRJ000140 Austin Ave Bridges 10,661,488 919,681 9,741,807 91%
PRJ000141 Southwestern Blvd 4,200,000 772,895 3,427,105 82%
PRJ000143 Leander Rd(Norwood-Swbypass)3,530,000 1,109,275 2,420,725 69%
PRJ000172 2020 Street Maintenance High Performance Seal: Bid Package No.1 372,200 349,542 22,658 6%
PRJ000173 2020 Street Maintenance High Performance Seal: Bid Package No. 2 463,195 337,719 125,476 27%
PRJ000188 DB Wood (SH 29 to Oak Ridge)29,529,492 3,010,099 26,519,394 90%
PRJ000202 FM 971 5,720,199 5,490,308 229,892 4%
PRJ000207 Northwest Blvd Bridge 5,527,427 11,559,415 (6,031,988) -109%
PRJ000209 Southeast Inner Loop 8,637,989 8,646,507 (8,518) 0%
PRJ000210 2021 HIPR Street Maintenance 2,300,000 2,294,871 5,129 0%
PRJ000214 Intersection Improvements (Traffic Signals)1,650,000 1,139,606 510,394 31%
PRJ000215 2021 Intersection Safety Enhancements (RRFB)475,166 325,842 149,324 31%
PRJ000216 FY21 Downtown Sidewalk Improvements 1,000,000 109,750 890,250 89%
PRJ000254 Shell Road 12,503,000 723,768 11,779,232 94%
PRJ000255 Rockride Lane 13,776,000 626,476 13,149,524 95%
PRJ000256 Westinghouse Road 8,200,000 6,150,000 2,050,000 25%
PRJ000257 Sam Houston Ave Ext/SE1/Wilco Corridor 4,000,000 2,001,217 1,998,783 50%
PRJ000258 DB Wood (Oak Ridge to Williams Dr)31,451,600 1,364,270 30,087,330 96%
PRJ000267 Allocations - Intersections/Bike Lanes/Sidewalks - MB21 10,800,000 53,884 10,746,116 100%
PRJ000276 2023 HIPR Street Maintenance 4,000,000 2,246,953 1,753,047 44%
PRJ000277 Intersection Improvements - FY22 2,409,550 297,721 2,111,829 88%
PRJ000294 2022 HIPR 2,999,466 2,094,074 905,392 30%
PRJ000295 2022 High Performance Pavement Seal 1,264,328 1,045,084 219,244 17%
PRJ000297 Southeast Inner Loop - MB21 32,777,940 791,318 31,986,622 98%
PRJ000304 Memorial Drive 3,100,000 257,848 2,842,152 92%
PRJ000310 Southwest Bypass (Wolf Ranch Parkway to SH29)2,000,000 2,000,000 - 0%
PRJ000332 Williams Drive (MB21)11,361,371 1,139,429 10,221,942 90%
PRJ000367 Wolf Ranch Parkway 1,000,000 366,604 633,396 63%
PRJ000382 2023 High Performance Pavement Seal 2,508,216 246,340 2,261,876 90%
PRJ000383 2023 Unscheduled Pavement Repair 1,000,000 - 1,000,000 100%
PRJ000471 SH 29 East 1,305,870 596,165 709,705 54%
PRJ000472 FM 971 Widening (Gantt-SH130)980,381 769,660 210,722 21%
PRJ000487 Old Town Southeast Sidewalk Improvements 1,000,000 45,922 954,078 95%
PRJ000504 SH 29 (SH130 To Patriot Way)305,870 - 305,870 100%
PRJ000592 IH 35 Frontage Ramp Analysis 65,480 35,234 30,246 46%
Public Works Department Total 229,090,808 62,897,883 166,192,925 73%
Stormwater
PRJ000004 18th and Hutto Drainage 8,620 8,403 217 3%
PRJ000024 2020 Curb & Gutter 720,059 720,059 - 0%
PRJ000149 Drainage Improvement/Flood Mitigation Projects 522,801 169,333 353,468 68%
PRJ000213 2021 Curb & Gutter Project 872,905 653,874 219,031 25%
PRJ000274 2022 Curb & Gutter 65,250 46,350 18,900 29%
Stormwater Total 2,189,634 1,598,018 591,616 27%
Water
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Quarterly Financial Report
City of Georgetown Capital Projects Life to Date Project Budget Total Spend Remaining Budget Percentage Remaining
PRJ000014 Berry Creek Inter.72,981,378 2,891,802 70,089,577 96%
PRJ000023 Cr 255 (Wd14-2)7,017,359 74,074 6,943,286 99%
PRJ000057 Lift Station Upgrade 1,823,593 183,047 1,640,545 90%
PRJ000059 LWTP Raw Water Intake Rehab 6,750,000 5,592,819 1,157,181 17%
PRJ000096 Shell Road Water Line 6,967,101 1,999,334 4,967,767 71%
PRJ000101 Southlake Wtp 278,000,000 90,688,683 187,311,317 67%
PRJ000150 Carriage Oaks Transmission 5,450,000 215,505 5,234,495 96%
PRJ000152 Daniels Mountain Pump Station - Hoover EST 18,985,810 5,130,344 13,855,466 73%
PRJ000154 Stonewall Ranch Pump Station Improvements 3,350,000 290,895 3,059,105 91%
PRJ000155 Southside Water Treatment Plant 6,426,706 5,811,844 614,861 10%
PRJ000156 Gatlin/Teravista Improvements 438,854 438,854 - 0%
PRJ000160 Round Rock Supply Pump Station And Elevated Storage Tank 21,000,000 5,520,391 15,479,609 74%
PRJ000161 Miscellaneous Line Upgrades 1,758,164 639,371 1,118,793 64%
PRJ000163 Tank Rehabilitation 3,165,036 431,216 2,733,820 86%
PRJ000165 San Gabriel WWTP Rehabilitation 21,324,559 2,234,159 19,090,401 90%
PRJ000167 San Gabriel Inter SGI -2 4,375,055 - 4,375,055 100%
PRJ000177 Northlake WTP Phase IV Expansion 16,295,695 13,137,984 3,157,710 19%
PRJ000185 Cimarron Hills Wastewater Treatment Plant Expansion 12,473,000 232,299 12,240,701 98%
PRJ000218 EARZ Wastewater Rehabilitation Area 2 - 2019 2,460,360 2,310,949 149,411 6%
PRJ000220 AMI Equipment Upgrades 10,500,000 725,186 9,774,814 93%
PRJ000228 Southside GST Roof Rehab 791,500 599,500 192,000 24%
PRJ000241 2020 - 2021 EARZ - Area 3 462,176 465,180 (3,004) -1%
PRJ000259 III Forks WWTP 35,457,141 6,365,043 29,092,098 82%
PRJ000260 CR 262 Waterline 3,000,000 138,558 2,861,442 95%
PRJ000261 Dove Springs WWTP Rehabilitation 39,415,563 441,728 38,973,835 99%
PRJ000263 Water - Wastewater Master Plan 1,225,000 895,887 329,113 27%
PRJ000264 Interceptor Lift Station Removal & Gravity Main 8,425,682 - 8,425,682 100%
PRJ000266 SCADA Upgrades 1,500,000 - 1,500,000 100%
PRJ000268 System Resiliency 30,461,929 1,296,277 29,165,652 96%
PRJ000333 Smith Branch Lift Station Improvements 1,300,000 145,738 1,154,263 89%
PRJ000363 EARZ Combined 7,647,528 1,157,670 6,489,858 85%
PRJ000370 Northlands Wastewater Treatment Plant 56,000,000 - 56,000,000 100%
PRJ000371 Sunny Trail (Teravista/1460) WW Lift Station 2,211,146 - 2,211,146 100%
PRJ000372 ASR Well Development 10,000,000 - 10,000,000 100%
PRJ000373 Downtown Waterline Upgrades 2,700,000 24,460 2,675,540 99%
PRJ000374 Phase III Pump Design Costs and Line Assessments 2,500,000 - 2,500,000 100%
PRJ000375 Blue Ridge Waterline 3,400,000 33,100 3,366,900 99%
PRJ000376 SH 138 Waterline Upgrade 9,500,000 298,851 9,201,149 97%
PRJ000377 Southwestern & Southeast Inner Loop Waterline 1,850,000 - 1,850,000 100%
PRJ000378 Westside Service Center Building Update 150,000 - 150,000 100%
PRJ000379 Woods Pump Station Remodel 480,000 11,579 468,421 98%
PRJ000387 IH35 Waterline Connection 2,633,575 114,330 2,519,245 96%
PRJ000494 Daniels to Hoover Water Line Improvements 19,064,190 193,404 18,870,786 99%
PRJ000495 Rabbit Hill GST Rehabilitation 1,000,000 60,232 939,768 94%
PRJ000496 Park Lift Station to San Gabriel WWTP Force Main Rehabilitation 2,600,000 191,820 2,408,180 93%
PRJ000511 Park WTP Improvements 1,185,000 120,485 1,064,515 90%
PRJ000521 Chandler Road Water Line Extension with Round Rock 750,000 290,133 459,867 61%
Water Total 747,253,100 151,392,730 595,860,370 80%
Grand Total 1,235,737,046 317,249,385 918,487,660 74%
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