HomeMy WebLinkAboutAgenda_GGAF_02.26.2014Notice of Meeting for the
General Government and Finance Advisory Board
of the City of Georgetown
February 26, 2014 at 2:00 PM
at City Hall Main Floor Conference Room, located at 113 East 8th Street, Georgetown, TX
The City of Georgetown is committed to compliance with the Americans with Disabilities Act (ADA). If you
require assistance in participating at a public meeting due to a disability, as defined under the ADA, reasonable
assistance, adaptations, or accommodations will be provided upon request. Please contact the City at least four
(4) days prior to the scheduled meeting date, at (512) 930-3652 or City Hall at 113 East 8th Street for
additional information; TTY users route through Relay Texas at 711.
Legislative Regular Agenda
A Review minutes from February 7, 2014 GGAF meeting - Danella Elliott, Executive Assistant
B Consideration and possible action to approve the renewal of printer and Multi Function Printer (MFP)
maintenance contracts through TLC Office Systems for $66,960.96- Submitted by: James Davis, IT
Operations Manager
C Discussion and possible recommendation to authorize payment of fees to Tyler Technologies for online
web account management and payment processing in the amount of $84,500 - Submitted by: Leticia
Zavala, Customer Care Manager and Micki Rundell, Chief Financial Officer
D Discussion and possible recommendation to renew a contract for utility bill printing and mailing services
with Dataprose,and approve funding at an annual cost of $220,000 - Submitted by: Leticia Zavala,
Customer Care Manager and Micki Rundell, Chief Financial Officer
E Review and discussion of the Comprehensive Annual Financial Report and results of the audit for Fiscal
Year Ended, September 30, 2013 - Submitted by: Micki Rundell, Chief Financial Officer Susan Morgan,
CPA, Finance Director Lisa Haines, Controller
F Discussion and possible action to set meeting times and location for the monthly meetings of the General
Government and Finance Advisory Board - Submitted by: Steve Fought, GGAF Chair
CERTIFICATE OF POSTING
I, Jessica Brettle, City Secretary for the City of Georgetown, Texas, do hereby certify that this Notice of
Meeting was posted at City Hall, 113 E. 8th Street, a place readily accessible to the general public at all times,
on the ______ day of __________________, 2014, at __________, and remained so posted for at least 72
continuous hours preceding the scheduled time of said meeting.
____________________________________
Jessica Brettle, City Secretary
City of Georgetown, Texas
SUBJECT:
Review minutes from February 7, 2014 GGAF meeting - Danella Elliott, Executive Assistant
ITEM SUMMARY:
FINANCIAL IMPACT:
SUBMITTED BY:
Danella Elliott
ATTACHMENTS:
Description Type
2.7.14 Minutes Cover Memo
Minutes of the Meeting of the
GENERAL GOVERNMENT AND FINANCE ADVISORY BOARD (GGAF)
City of Georgetown, Texas
February 7, 2014
The General Government and Finance Advisory Board met at 10:00 a.m. on Friday, February 7, 2014 in the
Georgetown Municipal Complex Williamson Room, located at 300-1 Industrial Avenue, Georgetown, Texas.
MEMBERS PRESENT: Steve Fought, Chair, Tommy Gonzalez, Joe Pondrom, Keith Brainard
MEMBERS ABSENT: None
STAFF PRESENT: Paul Brandenburg, Micki Rundell, Laurie Brewer, Mark Thomas, Paul Pausewang, Stan
Hohman
A copy of these minutes, containing detailed information on the items listed below will be available in the Finance
and Administration Office, located at 113 East 8th Street, Georgetown, TX and can be found online at
http://agendas.georgetown.org/
Executive Session
In compliance with the Open Meetings Act, Chapter 551, Government Code, Vernon’s Texas Codes, Annotated, the
items listed below will be discussed in closed session and are subject to action in the regular session that follows.
Regular Session – Called to order at 10:00 a.m.
The GGAF Board may, at any time, recess the Regular Session to convene an Executive Session at the request of the
Chair of the GGAF Committee for any purpose authorized by the Open Meetings Act, Texas Government Code
Chapter 551.)
Public Wishing to Address Council
On a subject that is posted on this agenda: Please fill out a speaker registration form. Clearly print your name and
the letter of the item on which you wish to speak and present it to the Chair or Board Liaison, preferably prior to the
start of the meeting. You will be called forward to speak when the Board considers that item.
On a subject not posted on the agenda: Persons may add an item to a future Board agenda by contacting the Liaison
prior to the creation of the agenda for the following meeting, with the subject matter of the topic they would like to
address and their name. The Board Liaison can be reached at 512-930-3676 or by email at
danella.elliott@georgetown.org
Statutory Consent Agenda
The Statutory Consent Agenda includes non-controversial and routine items that Board may act on with one single
vote. A board member may pull any item from the Consent Agenda in order that the Board discuss and act upon it
individually as part of the Regular Agenda.
Legislative Regular Agenda
A. Review minutes from the December 2, 2013 GGAF Meeting - Danella Elliott, Executive Assistant
The minutes were unanimously approved with this correction: Keith Brainard should have been listed as
“present”.
B. Discussion and possible action regarding the creation of a Tax Increment Reinvestment Zone along
Westinghouse Road - Micki Rundell, Chief Financial Officer and Mark Thomas, Economic Development
Director
Micki and Mark explained a little about the proposed creation of the TIRZ along Westinghouse Road, and gave
a presentation outlining the proposal. Staff is recommending that a Tax Increment Reinvestment Zone be
considered along Westinghouse road so that needed infrastructure including water, wastewater, electric and
roads can be upgraded or extended to that area. The area on either side of Westinghouse road from I-35 to 1460
is a prime development area but lacks key infrastructure so that growth can occur. The TIRZ would accelerate
development by removing barriers, including infrastructure costs. The property to be included in the proposed
TIRZ currently is not developed. As infrastructure is completed new development will occur including
destination retail, hotels, commercial, office, employment center, single family residential and some multi
family projects. The new property taxes generated from the new projects will be re-invested into the zone to pay
for the infrastructure.
They noted that if Williamson County participates at 50%, it will create additional revenue of $1.6M by 2020
(an additional $6.2M cumulative) and more easily fund road projects such as:
· Westinghouse Road (City will accept/repair/maintain),
· Rabbit Hill Road Extension north (allow alternate N-S route) and
· Blue Springs Extension (benefits)
If the Zone is created:
· the estimated increase in valuation within the zone could be as high as $700M by 2020
· City Revenues
o 100% property tax = $3M by 2020
$14M cumulative revenue
o Potential annual sales tax revenue = $75K conservatively projected by 2020
· Opportunities for job creation/expansion
o Combination retail/commercial/residential
If approved by Council, all elements should be finalized in May. The County will be considering this in April
as well.
Mark and Micki answered questions. Keith asked them to look at a variation of 25 years vs. 20 years. Micki
noted that there is a $46M project list now (public improvements/road, etc). The committee suggested that it
would be a good idea for Council to add a $50M cap.
Unanimously approved to proceed to City Council with the recommendation of adding a $50M cap.
C. Overview of the City’s current outstanding and proposed debt obligations – Micki Rundell, Chief
Financial Officer
Micki explained that each year, in preparation for the annual bond issuance process, staff prepares an overview
of the City’s current outstanding debt obligations, as well as, a preview of the upcoming bond issue that the
Council will consider in April 2014.
Micki gave an overview presentation, including Revenue Bonds related to the City’s utilities, as well as, both
self-supporting and taxable general debt obligations. Micki noted that we are not AAA rated because we own
our own electric utility. We are the only electric utility in the state with that high of a rating.
Keith Brainard said that he could not let this pass without saying “this is a striking chart”, referring to the
Historical CO chart. Joe Pondrom noted that it was not unusual for a growth city and said that you cannot have
growth without debt. Tommy Gonzalez noted that the debt was “voter approved”.
Keith asked that we show population comparisons as debts have increased and to look at the miles of
road/sidewalks for the past 10 years. It would be helpful to have an “overlay” showing key periods, i.e. opening
of the Library, Rec Center, etc. to accompany the current graph. Micki will prepare this information for the
Council presentation.
The Committee thanked Micki for the informative presentation.
Note: Mr. Brainard left the meeting after the debt presentation.
D. Consideration and possible action for the approval to purchase vehicles and equipment in the amount of
$338,677.67 – Stan Hohman, Service Center Supervisor and Micki Rundell, Chief Financial Officer
Paul Pausewang went over the list of vehicle and equipment to be purchased:
1. TORO Sand Pro through Buyboard in the amount of $24,660; budgeted amount is $20,000 for the Parks Department.
This is replacing 736-26 in the Fleet inventory. This unit will be sold at on-line auction this spring estimated amount
$1,500. The proceeds from the sale being recording in the Fleet ISF to offset future purchases.
2. Jacobsen LF570 fairway reel mower through Buyboard in the amount of $45,257; budgeted amount is $42,000 for the
Parks Department. This is replacing 736-42 in the Fleet inventory. This unit will be sold at on-line auction this spring
estimated amount $2,500. The proceeds from the sale being recording in the Fleet ISF to offset future purchases.
3. Two 628 Jacobsen TurfCat 60” flail mower through Buyboard in the total amount of $37,609 (each cost $18,804) for
the Parks Department. These units are replacing 736-46 in the Fleet inventory. This unit will be sold at on-line auction
this spring estimated amount $2,500. The proceeds from the sale being recording in the Fleet ISF to offset future
purchases.
4. Ford F-750 6 yard dump truck through Buyboard in the amount of $72,869; budgeted amount is $83,500 for the
Stormwater Department. This is a new addition to the Fleet inventory and is funded from bond funded equipment
account.
5. Ford F-750 6 yard dump truck through Buyboard in the amount of $72,869; budgeted amount is $85,000 for the Street
Department. This is a new addition to the Fleet inventory and is funded from construction equipment account.
6. Small SUV through Formerly Bid Process in the amount of $19,720; budgeted amount is $25,000 for the Facilities
Department. This is replacing 435-09 in the Fleet inventory. This unit will be held back for use in the IT Department.
7. ½ ton extended cab four wheel drive pickup through Formerly Bid Process in the amount of $23,562; budgeted
amount is $26,000 for Electric Department. This is replacing 106-02 in the Fleet inventory. This unit will be held back
to replace 106-36 which will be sold at on-line auction this spring estimated amount $1,500. The proceeds from sale
being recording in the Fleet ISF to offset future purchases.
8. ½ ton extended cab pickup through Formerly Bid Process in the amount of $21,232; budgeted amount is $28,932 for
Conservation Department. This is new addition to the Fleet inventory and is funded from Fleet ISF.
9. ½ ton extended cab pickup through Formerly Bid Process in the amount of $20,894; budgeted amount is $25,000 for
Engineering EAM Department. This is new addition to the Fleet inventory and is funded from Fleet ISF.
Out of the 10 vehicles & equipment requesting approval to purchase 6 of this are replacements and 4 new additions.
These vehicles were approved and budgeted for the 2013/14 in the Fleet ISF. Line items as follows:
· Items 1,2,3,6,7,8 & 9 are budgeted in account number 520-5-0351-52-700 Fleet ISF.
· Item 4 is budgeted in account number 520-5-0351-52-705 Bond Funded Equipment.
· Item 5 is budgeted in account number 520-5-0351-52-701 Bond Funded Construction Equipment.
Tommy asked if they could provide a vehicle master list of all of the vehicles we have. Paul will get this list
together and present it to the GGAF Committee and Council.
Unanimously approved.
E. Adjourn
Adjournment
The meeting was adjourned at 11:15 a.m.
_____________________________________
Board Chair
City of Georgetown, Texas
SUBJECT:
Consideration and possible action to approve the renewal of printer and Multi Function Printer (MFP)
maintenance contracts through TLC Office Systems for $66,960.96- Submitted by: James Davis, IT
Operations Manager
ITEM SUMMARY:
Staff requests renewal of merged maintenance contracts for network printers and Multi Function Printer
devices for a period of one year. Originally printer and MFP maintenance contracts were separated
between IT and Facilities. IT is now handling both maintenance contracts and merging them into a single
contract. This reduces administrative resources required to manage and maintain two separate contracts.
TLC Office Systems is a Texas Department of Information Resources (DIR) vendor. FINANCIAL
IMPACT
FINANCIAL IMPACT:
This renewal was budgeted as part of the FY 2014 budget process. Expenses will be recorded in account
570-5-0641-51-341.
SUBMITTED BY:
James Davis, IT Operations Manager
ATTACHMENTS:
Description Type
Printer Maintenance Quote Cover Memo
City of Georgetown, Texas
SUBJECT:
Discussion and possible recommendation to authorize payment of fees to Tyler Technologies for online
web account management and payment processing in the amount of $84,500 - Submitted by: Leticia
Zavala, Customer Care Manager and Micki Rundell, Chief Financial Officer
ITEM SUMMARY:
Insite is the City's online account management and payment processing application that allows customers
to manage their utility and municipal court accounts via our website. Real time account data provides
customers with instant access to accurate billing and account information that is automatically integrated
with our existing Incode Customer Information System (CIS) software. Customers have the ability to
access and pay their bill online 24 hours a day, 365 days a year, giving them the ability to manage their
account on their own schedule. Benefits to the City include increased collection rates, improved
productivity, and increased efficiency through integrated automation with our existing software.
Customer Care processes approximately 26,800 total payments per month and web payments account for
15% of the total processed. We received approximately 4,000 payments per month through the website in
2013, up from about 3,700 per month the prior year. With the inclusion of the Chisholm Trail Special
Utility District (CTSUD) customers, the number will increase by 1,000 per month based on their payment
history. A basis of 5,000 payments per month will be used for the calculation.
The above cost includes web publishing fees, customer inquiry fees, and transaction fees, broken down in
the schedule below:
Web Publishing / Municipal Court $ 900
Customer Inquiry / Municipal Court $ 900
Web Publishing / Customer Care $ 600
Customer Inquiry / Customer Care $ 9,600
Transaction Fees / Customer Care $ 60,000 (4,000/month X 12 X $1.25) Transaction Fees / CTSUD $
12,500 (1,000/month X 10 X $1.25) $ 84,500
The Web Publishing fees and the Customer Inquiry fees are a fixed annual cost. The transaction fees are
$1.25 each and based on the number of payments taken through the website.
FINANCIAL IMPACT:
The total cost for this service is $84,500. The portion allocated to Customer Care is $72,000 and equates
to 0.5% of the total online utility revenue collected through the website in 2013. It is funded in the 2013-
2014 Customer Care budget line item #540-5-0338-51-340 in the Joint Services Fund. The CTSUD
portion of $12,500 will be reimbursed by CTSUD.
SUBMITTED BY:
Leticia Zavala, Customer Care Manager
City of Georgetown, Texas
SUBJECT:
Discussion and possible recommendation to renew a contract for utility bill printing and mailing services
with Dataprose,and approve funding at an annual cost of $220,000 - Submitted by: Leticia Zavala,
Customer Care Manager and Micki Rundell, Chief Financial Officer
ITEM SUMMARY:
The City has traditionally used an inter-local agreement with the City of Plano to benefit from volume
pricing and their Request for Proposal (RFP) process to award the utility bill printing and mailing service
contract. The City has had much success with the City of Plano's vendor, Dataprose, and would like to
continue utilizing their services. The City of Plano was able to secure a lower contract price due to their
monthly volume which exceeds 100,000 bills per month. Plano's new contract is effective February 2014
and the City is eligible for the new rates. The rates secured by Plano are less than the rates the City could
secure on their own without incurring the cost of preparing and releasing a RFP.
Individually, the City of Georgetown processes and mails 28,000 – 30,000 bills (including late notices)
per month. With the inclusion of the Chisholm Trail Special Utility District (CTSUD) customers, the
number will increase to between 36,000 – 38,000 bills (including late notices) per month.
Our goal is to continue to provide and market an email option for customer bill presentment. This option
was released in June 2012 and has grown to include 3,100 participants or 11% of our customer base. This
option allows us to mitigate the rising cost of postage by eliminating the postage for that segment of the
customer base.
FINANCIAL IMPACT:
With the new City of Plano pricing, we will pay around $0.50 per bill which is a decrease from last year's
cost of $0.53 per bill. The printing and insertion costs will average $0.10 and the postage costs will
average $0.40.
Eighty percent (80%) of the estimated annual contract cost of $220,000 is related to postage expense and
equates to $176,000. The total cost for bill printing and insertion is $44,000.
The total appropriation requested for this year is $220,000 and is calculated as follows: Customer Care:
(30,000 (bills/month) x .50 (rate) x 12 (months)) = $180,000 CTSUD: ( 8,000 (bills/month) x .50 (rate) x
10 (months)) = $ 40,000
This Customer Care expense of $180,000 is funded in the 2013-2014 Customer Care budget, under
Contracts and Leases GL#540-5-0321-51-310 in the Joint Services Fund. The CTSUD portion of $40,000
will be reimbursed by CTSUD.
SUBMITTED BY:
Leticia Zavala, Customer Care Manager
City of Georgetown, Texas
SUBJECT:
Review and discussion of the Comprehensive Annual Financial Report and results of the audit for Fiscal
Year Ended, September 30, 2013 - Submitted by: Micki Rundell, Chief Financial Officer Susan Morgan,
CPA, Finance Director Lisa Haines, Controller
ITEM SUMMARY:
The City's auditors and City staff will present the City's Comprehensive Annual Financial Report (CAFR)
for the Fiscal Year Ended September 30, 2013. Staff will present an overview of the results and CAFR
document.
The City's external auditor, Jerry McMillon, CPA, with the firm of CliftonlLarsonAllen, LLP, will also
discuss the results of the auditors' independent audit of the CAFR, compliance with auditing standards,
testing over internal controls and fraud risk assessment and conduct required communication under
auditing standards with the committee.
The committee will be asked to take action to recommend that Council accept the September 30, 2013
CAFR at the March 11, 2014 regular council meeting.
A hard copy of the final CAFR will be provided at the meeting.
FINANCIAL IMPACT:
SUBMITTED BY:
Susan Morgan, CPA, Finance Director
ATTACHMENTS:
Description Type
CAFR Part 1 Cover Memo
CAFR Part 2 Notes Cover Memo
CAFR Part 3 Cover Memo
Page 10 Transmittal Letter
This unique character and small town charm was a key factor for Del Webb Corporation when it built its
first Texas development in Georgetown with the 1995 opening of Sun City, Texas. Today, over 6,673
homes with over 12,600 retirees make Sun City and Georgetown their home.
Georgetown is also home to Southwestern University, which continues to receive national recognition.
The University has been named to Kiplinger’s list of the 100 best values in liberal arts colleges and has
been noted as one of ‘America’s Best Value Colleges’ by the Princeton Review. With more than 1,300
students and 450 employees, the University provides substantial economic and cultural contributions to
Georgetown.
GEORGETOWN'S ECONOMIC OUTLOOK AND FINANCIAL CONDITIONS
Economic Outlook
While the Central Texas economy did feel the impact of the recession and credit crisis, it continues to
perform better than the national economy with strong growth in building, employment and sales tax
receipts. The Central Texas unemployment rate was 4.5% for December 2013, compared to 6.7%
nationally. According to the Texas Comptroller of Public Accounts, Texas had fully recovered all of its lost
jobs by September 2011 and has continued to see strong growth in new jobs, as well as, retail and
business sales. The City’s commercial and job base continued to grow with the expansion of several
small commercial and retail centers, new healthcare facilities, added retail and restaurants on the
downtown square and an agreement that brings a major hotel/conference center to the City.
Residential growth has continued to be healthy with 690 new residential permits in 2013, with a value of
$294.9 million, compared to 664 permits valued at $171 million in 2012. Housing values have increased,
with the average home in Georgetown valued at $190,802 on January 1, 2013, as compared to $185,915
on January 1, 2012.
Sales tax revenues increased 13% over the prior year, demonstrating solid growth in the local economy
for the fourth consecutive year. The first three months of the 2014 fiscal year continued this trend with
sales tax receipts coming in 14% over the prior year. While optimistic that this growth will continue, the
City takes a conservative approach to estimating its available resources for each upcoming budget year
as national and world wide issues continue to show some uncertainty.
Transmittal Letter Page 11
New development occurred in the downtown area with the opening of Gumbo’s signature restaurant and
the completion of Grape Creek Winery, both located directly on the historic downtown square. The
downtown area was further enhanced in 2013 with the opening of Thundercloud Subs in the former
historic fire station truck bays and the Georgetown Arts and Culture Center in the historic fire station right
next door. Another new restaurant, El Monumento, won the Texas Downtown Association’s “Best New
Construction” award for 2013. New health care facilities, such as assisted living centers, were underway
near Sun City. Two new behavioral hospitals, one built by Springstone, and the other operated by
Signature Healthcare will add about $35 million to the City’s tax roll. Texas Life Sciences Collaboration
Center (TLCC) is nearing completion on their second building with the new space almost fully leased and
site plans underway for a third building. The City approved the development agreement for the Sheraton
Hotel and Conference Center at the Summit at Rivery Park site. The development includes 220 rooms,
16,000 square feet of conference space, a parking garage and future retail and restaurant development
valued at approximately $150 million at full build out. Groundbreaking is expected by summer of 2014.
Georgetown takes an active role in water and wastewater planning with the Brazos River Authority (BRA)
to find regional solutions to the ever increasing demand for services, while protecting the natural
Page 12 Transmittal Letter
environment within the area. Growth within the utilities continues to have strong positive impacts to the
financial and economic conditions of Georgetown.
MAJOR INITIATIVES
Energy Services. With the ending of the City of Georgetown’s wholesale power agreement with the
Lower Colorado River Authority (LCRA) in September 2012, the City extended its active management of
its daily energy supply to cover the larger market exposures, congestion issues, and real time settlements
that LCRA previously handled. The City currently has power arrangements to cover 100% of its projected
needs through May 2015 and 80% of its needs to 2036. The financial impact of these changes has been
lower purchased power costs, which are being passed on to customers through lower rates. The City’s
new long term contracts are mostly renewable energy and therefore provide a hedge against carbon
legislation costs. General fund franchise fee revenues are based on the number of kWh sold; therefore,
no impact on other City funds is expected from lowering costs to customers. The City has further
modernized its rate structure to reflect a cost of service basis with higher fixed monthly charges and lower
variable kWh rates. This further stabilizes the City’s revenue stream and enhances its ability to use the
electric utility to further enhance economic development opportunities. The City already provides power
for the Premiere Outlet Mall, Scott and White Hospital and major restaurant and retailers in the north
Round Rock area. The August 2013 announcement of a new Bass Pro Shop at the outlet mall site will
further expand Georgetown’s commercial electric customer base.
Regional Water. The City was approached by the Chisholm Trail Special Utility District (CTSUD) in 2011
about the possibility of merging with the City’s water system. The CTSUD provides water service to
several areas within the City and the City’s ETJ and future growth centers. A detailed feasibility study was
completed and the City Council and CTUSD gave final approval to the merger agreement in September
2013. This consolidation with the 7,300 customer district, expected to be completed in late spring 2014,
will provide opportunities for the City’s future growth and development, and ensures consistent service
and water supply to that regional area for years to come.
Utility Rates. The City continues to review rate requirements for all utilities annually, as part of the
budget process. Environmental mandates for water and wastewater continue to be the driving factor in
rate analysis. Water and wastewater rates were reviewed by the City to ensure rates were funding the
costs of providing services. Based on this review, the City adopted a new, more stable water rate
structure that better balances fixed and variable components and emphasizes conservation. The initial
net revenue impact to the City and its customers will be minor; however, it does give the City a more
stable revenue base to implement more aggressive conservation rates as it works to extend its future
water supply options.
19
Austin
Dallas/Fort Worth
San Antonio
Lubbock
El Paso
Amarillo
Houston
Georgetown
Location
Georgetown is the northern most “gateway” to the gently rolling hills of
Central Texas. While Georgetown offers the amenities and charm of a small
community rooted in values of days gone by, it is strategically and centrally
located in the middle of the four major metropolitan areas of Texas. Austin
is 26 miles south, Dallas is three hours north, Houston is three hours
southeast and San Antonio is just one-and-a-half hours south, placing
Georgetown in a very advantageous position for cultural and economic
development. Traveling to and from Georgetown is easy, as it is at the
crossroads of IH-35 going north/south and State Highway 29 going
east/west. Access to Georgetown via the Austin-Bergstrom International
Airport was made much easier with the opening of State Highway 130, the
toll road from Georgetown to San Antonio that parallels IH-35.
20
CITY OF GEORGETOWN, TEXAS
MD&A
30
FINANCIAL ANALYSIS OF THE CITY AS A WHOLE
Statement of Net Position:
The following table reflects the condensed Statement of Net Position:
2013 2012 2013 2012 2013 2012
Current and other assets $ 80,594 $ 66,936 $ 54,140 $ 47,799 $ 134,734 $ 114,735
Capital assets 267,871 253,521 287,661 281,475 555,532 534,996
Total assets $ 348,465 $ 320,457 $ 341,801 $ 329,274 $ 690,266 $ 649,731
Deferred outflows of resources $ 1,259 $ - $ - $ - 1,259 $-
Total assets and deferred outflows $ 349,724 $ 320,457 $ 341,801 $ 329,274 $ 691,525 $ 649,731
Long-term liabilities $ 131,220 $ 114,653 $ 63,558 $ 64,504 194,778 $ 179,157
Other liabilities 5,618 7,001 7,247 6,911 12,865 13,912
Total liabilities $ 136,838 $ 121,654 $ 70,805 $ 71,415 $ 207,643 $ 193,069
Net position:
Invested in capital assets, net of related debt $ 178,195 $ 168,059 $ 226,874 $ 220,810 $ 405,069 $ 388,869
Restricted 1,109 1,749 1,109 1,749
Unrestricted 33,582 28,995 44,122 37,049 77,704 66,044
Total net position $ 212,886 $ 198,803 $ 270,996 $ 257,859 $ 483,882 $ 456,662
Summary Statement of Net Position
(In thousands)
Govtl Activities Bus-Type Activities Total Primary Government
CITY OF GEORGETOWN, TEXAS
MD&A
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The City elected to early implement Governmental Accounting Standards Board Statement No. 65 in
FY 2013, resulting in a one-time restatement of beginning Net Position of $2.8 million. The
restatement was to reflect previously capitalized debt issuance costs that are now expensed in the
year incurred.
REVENUES
Program revenues are derived from the program itself and reduce the cost of the function to the City.
Total program revenues for both governmental and business-type activities are described below.
Governmental activities program revenue for the fiscal year ended September 30, 2013
was $20.1 million, a 24.8% increase over last fiscal year. The Charges for Services category
represents receipts primarily from environmental services, development and building
inspection fees, parks fees, fire billing for services and court fines. Charges for services were
$13.8 million in FY 2013, an 8.7% increase from FY 2012 revenues. Increases in the
Williamson County Emergency Services District No. 8 contract and new rates for
environmental services saw the largest increases. Other governmental program revenues
included operating grants for parks, fire and police programs, and streets.
Business-type activities program revenue totaled $91.7 million, a 3.5% decrease over prior
year. Capital grants and contributions were $641,000 higher than the prior year. Charges for
Services, which represent receipts from utility customers for electric, water, and wastewater,
decreased $3.9 million. Electric charges for service decreased 7.8% due to lower costs to the
customers, which is offset by reduced purchased power costs. The long standing contract
with LCRA for purchased power was terminated in September 2012 resulting in lower power
supply costs. The lower cost has been passed through to the customers through the power
cost adjustment (PCA). The PCA is changed as needed for fluctuations in fuel and
transmission costs. Water charges for services increased 2.4% due to modest customer
growth. Other program revenues include airport fuel sales, hangar rentals and stormwater
drainage fees.
General revenues are revenues from taxes levied on behalf of the general government and other
revenues used for general government activities not specific to a program or service. These
revenues and notable changes are described below.
Property taxes totaled $17 million. Included in these taxes are real and personal property
levies which are assessed October 1, and payable before the following January 31.
CITY OF GEORGETOWN, TEXAS
MD&A
33
Assessed valuations on existing properties were nearly flat, while total assessed
valuation increased 3.7% compared to the prior year. The variance is attributed to
$90 million in new and annexed property.
The ad valorem tax rate for fiscal year 2013 was $0.4100 per $100 of assessed
valuation. This is an increase of $0.0225 over the prior year’s rate of $0.3875. The
majority of the increase is funding new debt. The adopted tax rate is a 3.14%
increase over the 2013 effective rate.
Sales taxes, the City’s second largest source of general revenue, totaled $17 million for fiscal
year 2013, which was an increase of 13.3% compared to the prior year. This increase in sales
tax can be attributed to the continued economic growth in both retail sales and building
materials. Changes in the law regarding sales tax on internet sales have also impacted the
increase. Sales tax revenues represented 27% of the general revenue total in 2013, excluding
the return-on-investment transfers from the utility funds.
Hotel/motel taxes totaled $553,143, compared to $454,531 in FY 2012 and are included in
other revenue.
EXPENSES
Expenses for governmental activities totaled $53.2 million, versus $51.4 million in FY 2012. Total
expenses were $1.8 million higher than the prior year. Major expenses include the Environmental
Services (sanitation) contract, salaries for providing services in the public safety area, as well as for
parks and streets maintenance. Salary increases from the market compensation plan was
implemented at the beginning of 2012/13. Other explanations for the increases are noted below.
Culture-recreation increased 4.8% over the prior year due in part to salary adjustments
and an added ½ FTE.
Development decreased 27.8%. The decrease can be attributed to the Planning
department being realigned to Management Services.
Fire Services increased 5.9% due to the restructured STEP pay plan that was
implemented January 2013 and the October 2012 opening of the new Fire Station No. 5.
Streets decreased 1.9% due to the timing of scheduled maintenance of the transportation
system and vacant positions.
City of Georgetown, Texas
SUBJECT:
Discussion and possible action to set meeting times and location for the monthly meetings of the General
Government and Finance Advisory Board - Submitted by: Steve Fought, GGAF Chair
ITEM SUMMARY:
The committee wanted to revisit the times/location for the monthly GGAF meetings to ensure it is
convenient for the current committee members.
FINANCIAL IMPACT:
SUBMITTED BY:
Steve Fought, GGAF Chair