HomeMy WebLinkAboutAgenda_GVPID_07.15.2019Notice of Meeting for the
Georgetown Village P ublic I mprov ement District
of the City of Georgetown
July 15, 2019 at 6:00 P M
at West Side Serv ice Center, located at 5501 Williams Dr Georgetown, T X 78633
T he C ity of G eorgetown is committed to compliance with the Americans with Disabilities Act (ADA). If you
require as s is tance in partic ipating at a public meeting due to a disability, as defined under the ADA, reas onable
as s is tance, adaptations , or ac commodations will be provided upon request. P leas e c ontact the C ity S ec retary's
O ffic e, at leas t three (3) days prior to the sc heduled meeting date, at (512) 930-3652 or C ity Hall at 808 Martin
Luther King Jr. S treet, G eorgetown, T X 78626 for additional information; T T Y users route through R elay
Texas at 711.
* * * R E V I S E D A G E N D A * * *
Regular Session
(T his R egular S es s ion may, at any time, be rec es s ed to c onvene an Exec utive S es s ion for any purpose
authorized by the O pen Meetings Act, Texas G overnment C ode 551.)
A C all to O rder
B G VP I D Landsc ape Maintenance S ervic es
C P resentation of the G eorgetown Village P ublic Improvement District (G VP I D) monthly financ ial reports
for the month of June 2019. - Laci G robler
D May G VP I D S ub-C ommittee Meeting UP D AT E - N O AC T IO N TAKE N
L egislativ e Regular Agenda
E P ublic Wishing to Address the Board
O n a subject that is posted on this agenda: P leas e fill out a s peaker registration form which c an be
found on the table at the entranc e to the Board Meeting. C learly print your name and the letter of the item
on whic h you wis h to s peak and pres ent it to the S taff Liais on, prior to the start of the meeting. You
will be called forward to s peak when the Board c onsiders that item. O nly persons who have delivered the
speaker form prior to the meeting being called to order may speak.
On a subject not posted on the agenda: P ers ons may add an item to a future R egular sc heduled Board
agenda by filing a written reques t with the S taff Liaison no later than one week prior to the Board
meeting. T he reques t must include the s peaker ’s name and the s pecific topic to be addressed with
sufficient information to inform the board and the public. Only those persons who have submitted a
timely request will be allowed to speak. F or Board Liais on contac t information, please logon to
https://governm ent.georgetow n.org/gvpid/
-At time of posting, no person/s had signed up to address T he B oard
F C ons ideration and possible action to approve the Minutes of the G VP I D S ub-C ommittee meeting of
May 10, 2019 - Tina Davis, Board Liaison
G C ons ideration and possible action to approve the Minutes of the regular meeting June 10, 2019 - Tina
Davis , Board Liais on
Page 1 of 33
H Disc ussion and possible recommendation on street tree pruning and c are in G eorgetown Village P ublic
Improvement Dis tric t (G VP I D) - Heather Brewer-Mc F arling
I Disc ussion and possible action to recommend the F Y2020 proposed budget - P aul Diaz - Budget
Manager
J Disc ussion and possible recommendation to the C ity C ounc il on the annual review of the G eorgetown
Village P ublic Improvement Dis tric t No. 1 (G VP I D) S ervice and Assessment P lan, as part of the annual
budget proc es s . – S eth G ipson, Management Analyst, Laci G roler, S enior Ac countant
Adjournment
Ce rtificate of Posting
I, R obyn Densmore, C ity S ecretary for the C ity of G eorgetown, Texas, do hereby c ertify that this Notic e of
Meeting was posted at C ity Hall, 808 Martin Luther King Jr. S treet, G eorgetown, T X 78626, a plac e readily
acc es s ible to the general public as required by law, on the _____ day of _________________, 2019, at
__________, and remained s o posted for at leas t 72 c ontinuous hours prec eding the s cheduled time of said
meeting.
__________________________________
R obyn Dens more, C ity S ec retary
Page 2 of 33
City of Georgetown, Texas
Georgetown Village Improvement District
July 15, 2019
S UB J E C T:
P res entation of the G eorgetown Village P ublic Improvement Dis tric t (G VP I D) monthly financial reports
for the month of June 2019. - Lac i G robler
IT E M S UMMARY:
F inancial report for the month of June 2019
F IN AN C IAL IMPAC T:
.
S UB MIT T E D B Y:
Laci G robler, S enior Ac countant
AT TAC H ME N T S:
Description Type
GVPID June Financials Backup Material
Page 3 of 33
18/19 Budget YTD Activity Variance
Revenues:
Ad Valorem Taxes 426,392$ 424,312$ (2,080)$
Interest Earned 4,000 12,183 8,183
Total Revenues 430,392 436,495 6,103
Expenditures:
Administrative Fee- General Fund 38,210 28,738 9,472
Office Supplies 300 200 100
Insurance 500 - 500
Contracts & Leases, Primary 90,160 87,611 2,549
Contracts & Leases, Secondary 15,000 - 15,000
Special Services 5,000 2,550 2,450
Utilities/Irrigation 41,000 27,615 13,385
Maintenance, Sidewalks 30,000 24,432 5,568
Maintenance, Irrigation 6,000 1,194 4,806
Maintenance, Ponds 6,300 - 6,300
Maintenance, Repairs 10,000 - 10,000
Maintenance, Alleys 500 - 500
Maintenance, Street Trees 50,000 - 50,000
Administrative Fee - Joint Service 15,924 11,943 3,981
Total Expenditures 308,894 184,283 124,611
Capital:
Park Improvements - Shell Rd 195,227 103,250 91,977
Park Improvements - Parklets 279,794 - 279,794
Park Improvements - Rowan Park 143,141 - 143,141
Total Expenditures 618,162 103,250 514,912
Current Year Variance (496,664) 148,962 645,626
Beginning Fund Balance 763,359 797,650 [A]34,291
Current Funds Available 266,695$ 946,612$ 679,917$
Contingency
Reserve 106,000 106,000 -
Park Improvements - Madrone Park 160,000 160,000 -
Current Funds Available 695$ 680,612$ 679,917$
Notes:
•The majority of property tax collections occur in January.
•YTD activity includes encumbrances.
•Year End YTD activity becomes audited activity each following January.
•Fiscal year is from October 1 to September 30.
•Unaudited financial statements prepared by the City of Georgetown, as of 7/01/19
[A]Unaudited beginning fund balance.
Financial Statement
Village PID
June 30, 2019
Page 4 of 33
City of Georgetown, Texas
Georgetown Village Improvement District
July 15, 2019
S UB J E C T:
Public Wishing to Address the Board
O n a subject that is posted on this agenda: P lease fill out a speaker regis tration form whic h can be
found on the table at the entrance to the Board Meeting. C learly print your name and the letter of the item
on which you wish to speak and present it to the S taff Liaison, prior to the start of the meeting. You will
be c alled forward to speak when the Board cons iders that item. O nly pers ons who have delivered the
s peaker form prior to the meeting being called to order may s peak.
On a subject not posted on the agenda: P ersons may add an item to a future R egular s cheduled Board
agenda by filing a written request with the S taff Liais on no later than one week prior to the Board
meeting. T he request mus t inc lude the speaker’s name and the spec ific topic to be addres s ed with
s uffic ient information to inform the board and the public . Only those persons who have submitted a
timely request will be allowed to speak. F or Board Liaison c ontact information, pleas e logon to
https://government.georgetow n.org/gvpid/
-At time of posting, no person/s had signed up to address T he B oard
IT E M S UMMARY:
F IN AN C IAL IMPAC T:
.
S UB MIT T E D B Y:
Marlene Mc Michael, C hair P ers on
Page 5 of 33
City of Georgetown, Texas
Georgetown Village Improvement District
July 15, 2019
S UB J E C T:
C onsideration and pos s ible ac tion to approve the Minutes of the G VP I D S ub-C ommittee meeting of May
10, 2019 - Tina Davis, Board Liaison
IT E M S UMMARY:
F IN AN C IAL IMPAC T:
.
S UB MIT T E D B Y:
Tina Davis, Board Liaison
AT TAC H ME N T S:
Description Type
GVPID Sub Committee Minues 05.10.2019 Backup Material
Page 6 of 33
Georgetown Village PID Page 1 of 2
May 10, 2019
City of Georgetown, Texas
Georgetown Village Public Improvement District Sub-Committee Meeting
Minutes
Friday, May 10, 2019 at 12:00 p.m.
Covey Landscape Architects, 1008 S. Main Street, Georgetown, TX 78628
Board Members Present: Marlene McMichael, Chair; Marilyn “Marsi” Liddell, Vice Chair;
Cara McKinney; Penny Evans, Developer Rep;
Sub-Committee Members Absent: None
Staff Members Present: Eric Nuner, Assistant Parks and Recreation Director; Dave Melaas,
Parks Project Manager; Laura Wilkins, Executive Assistant; Tina Davis, Board Liaison
Staff Members Absent: Seth Gibson
Others Present: Ronnie Stafford, Covey Landscape Architect; Evan Cuyler, Covey Landscape
Architect; Travis Crow, Covey Landscape Architect
Regular Session
(This Regular Session may, at any time, be recessed to convene an Executive Session for any
purpose authorized by the Open Meetings Act, Texas Government Code 551.)
A. Call to Order - called to order by Chair 12:04 PM.
B. Discussion on Georgetown Village Capital Improvement Projects – Eric Nuner, Assistant
Parks and Recreation Director – Eric turns discussion over to Ronnie of Covey Landscape
Architects, who explains the overall goal and the process of the concept design, master plan
and design development phase of the project. The Master Plan involves Covey Landscape
Architects looking at the site, taking inventory and determining what’s existing and what’s
not, gathering all of the information and monitoring the contractor to insure they are
following approved guidelines. During the process, Covey will meet with Sub-Committee
first to discuss, answer questions and hear suggestions from the GVPID Board regarding the
project. The Sub-Committee will update the GVPID Board. As the design goes through the
different phases it will ultimately end up as a full detailed document (to show quantity,
location, materials to be used, color and lettering, etc.) that a contractor can read and bid on.
Once the design is approved by GVPID Board, Covey will take it to bid and a Vendor is
awarded/selected. Generally, this is the lowest bidder. If the GVPID Board approves the
financial recommendation, they will move forward for recommendation to Council for final
approval. Payments made during the process will not be made without the work being
verified and approved first by Melaas and Covey Landscape Architects. Final payment will
be made after everyone has agreed and signed their approval on the completed project.
There was also discussion on the design of Parklets and the most cost effective way to
proceed while keeping it unified. (ie: repurposing existing benches, staying with grass and
Page 7 of 33
Georgetown Village PID Page 2 of 2
May 10, 2019
trees only or adding shrub, etc.) Nuner plans to put in the mid-year budget amendment of
$160,000.00 to take the money out of reserve for Madrone (in Capital Reserve) and get it into
a fund to have the ability to use it if needed. Covey will meet again with the Sub-Committee
June 25th, 10:00 a.m. – 12:00 p.m. and bring new designs for the Parks and Parklets, with line
item cost based on discussion today.
Legislative Regular Agenda
C. Public Wishing to Address the Board
On a subject that is posted on this agenda: Please fill out a speaker registration form, which
can be found on the table at the entrance to the Board Meeting. Clearly print your name and
the letter of the item you wish to speak on and present it to the Staff Liaison, prior to the
start of the meeting. You will be called forward to speak when the Board considers that
item. Only persons who have delivered the speaker form prior to the meeting being called
to order may speak.
On a subject not posted on the agenda: Persons may add an item to the future Regular
scheduled Board Agenda by filing a written request with the Staff Liaison no later than one
week prior to the Board Meeting. The request must include the speaker’s name and the
specific topic to be addressed with sufficient information to inform the Board and the
Public. Only those persons who have submitted a timely request will be allowed to
speak. For Board Liaison contact information, please logon to
https://government.georgetown.org/gvpid/
-No one signed up to speak prior to posting the Agenda.
Adjournment
Motion to adjourn by McMichael, seconded by Liddell. The meeting adjourned at 1:44 p.m.
__________________________________ ______________________________
Marlene McMichael, Chair Cara McKinney, Secretary
___________________________________
Tina Davis, Board Liaison
Page 8 of 33
City of Georgetown, Texas
Georgetown Village Improvement District
July 15, 2019
S UB J E C T:
C onsideration and pos s ible ac tion to approve the Minutes of the regular meeting June 10, 2019 - Tina
Davis, Board Liaison
IT E M S UMMARY:
F IN AN C IAL IMPAC T:
.
S UB MIT T E D B Y:
Tina Davis, Board Liaison
AT TAC H ME N T S:
Description Type
MInutes_GVPID_06.10.2019 Cover Memo
Page 9 of 33
Georgetown Village PID Page 1 of 2
June 10, 2019
City of Georgetown, Texas
Georgetown Village Public Improvement District Advisory Board Meeting
Minutes
Monday, June 10, 2019 at 6:00 p.m.
West Side Service Center located at 5501 Williams Dr. Georgetown, TX 78633
Board Members Present: Marlene McMichael, Chair; Marsi Liddell, Vice Chair; Cara
McKinney, Secretary; Gary Newman, Developer Rep; Michael Charles; Norma Baker;
Board Members Absent: Penny Evans, Developer Rep; Steve Taylor, Alternate 1; Howard
Davis, Alternate 2
Staff Members Present: Wayne Reed, Assistant City Manager; Octavio Garza, Public Works
Director; Eric Nuner, Assistant Parks Director; Seth Gipson, Management Analyst; Christi
Rawls, Assistant Controller; Lacy Grobler, Senior Accountant; Tina Davis, Board Liaison
Staff Members Absent: None
Others Present: Evan Cuyler, Covey Landscape Architect, Ronnie Stafford, Covey Landscape
Architect
Regular Session
(This Regular Session may, at any time, be recessed to convene an Executive Session for any
purpose authorized by the Open Meetings Act, Texas Government Code 551.)
A. Call to Order - called to order by Chair 6:02 PM.
B. Presentation of the Georgetown Village Public Improvement District (GVPID) monthly
financial report for the months of April & May 2019 – Christi Rawls, Assistant Controller -
Rawls gave overview of April ( May meeting was cancelled) and May financials.
C. Update from May GVPID Sub-Committee Meeting (NO ACTION TAKEN) – Marlene
McMichael, Chair- McMichael, McKinney and Liddell gave update from May 10, 2019
GVPID Sub-Committee meeting with Covey Landscape Architects. Focus of meeting was on
the reuse of existing benches in the Parks & Parklets and the timeline of how the meetings
will run prior to presenting project to the GVPID Board. Sub-Committee will meet again
June 25th and present plans to the GVPID Board in August.
D. Update on City’s Street Maintenance Program - Octavio Garza, Public Works Director -
Garza confirms, “all streets in Georgetown Village will be done with a high performance
product”. Project Manager, Chris Pousson will reach out to the HOA and the GVPID Board
in late July with the schedule of how & when the street restoration will be done. Notice will
be sent out through social media and flyers with information on any street closures.
Pousson will be available at the Open House meeting June 13th to answer any questions
about this project. At the request of McMichael, Wayne gave a detailed list of who would be
at the Open House June 13th to answer questions and update the Community regarding
projects within Georgetown Village.
Page 10 of 33
Georgetown Village PID Page 2 of 2
June 10, 2019
Legislative Regular Agenda
E. Public Wishing to Address the Board – Brian Ortego signed up to address the Board –
Ortega spoke 3 minutes on the following items. {E & G} – (E) Ortego would like better
communication with the GVPID as a whole. States the items discussed at today’s meeting,
(sidewalks, tree trimming and the upcoming Open House) could have been placed on the
Agenda for the May meeting. (that was cancelled) In the future, suggest adding specific
items to the Agenda for discussion, (such as landscape or the idea of having a Project
Manager to check for contract compliance) to give the GVPID an opportunity to have input
and allow it to be more effective and informative for the Public. Would like to add the
Sycamore entrance with improvements back to the Capitol Improvement Project, if it’s been
eliminated, replace Summers Green Park with new benches & trash cans (splitting the cost
between PID & Parks and Rec) and include alley ways in the Street Maintenance Program.
Garza verified the alley ways are not included in the Street Maintenance Program. Brief
Discussion that alley way’s maintenance are the responsibility of the GVPID. Reed
confirmed the City will check to see when they were updated previously to prevent
spending money for treatment that is not currently needed.
F. Consideration and possible action to approve the Minutes of the regular meeting of April,
2019. Motion by Baker, seconded by McKinney to approve the minutes as presented.
Approved 7-0-0
G. Consideration and possible recommendation to City Council regarding the FY2020
Georgetown Village Public Improvement District (PID) Budget – Reed called attention to the
revise/updated budget (that was presented at the meeting today) and gave short overview
of proposed budget before opening the floor up for questions. Brief discussion and
clarification on the Budget. Public Speaker Ortega addressed the Board. Would like the
GVPID Board to consider continuing to be conservative in estimating the annual operational
expenses, suggest spending more on a higher level of contract maintenance to prevent the
overall capital investment from deteriorating over time and to consider improvements to
Summers Green Park. Board members had a discussion on the landscape Budget and ask
questions that were answered by Staff on the following: when the Contingency Reserve
would roll back into the Budget, the Budget is enough to update & maintain the
improvements and City Parks & Shell Road landscape will be maintained by the City at no
cost to the GVPID. Motion by Liddell, seconded by Baker to recommend to Council to
approve the Budget. Approved 7-0-0
Adjournment-Motion by McMichael, seconded by Newman to adjourn meeting at 7:17
p.m.
__________________________________ ______________________________
Marlene McMichael, Chair Cara McKinney, Secretary
___________________________________
Tina Davis, Board Liaison
Page 11 of 33
City of Georgetown, Texas
Georgetown Village Improvement District
July 15, 2019
S UB J E C T:
Dis cus s ion and pos s ible rec ommendation on s treet tree pruning and care in G eorgetown Village P ublic
Improvement District (G VP I D) - Heather Brewer-Mc F arling
IT E M S UMMARY:
S taff is reques ting direction on current year street tree maintenance, possible s treet tree t-pos t removal, and
future s treet tree pruning.
A bid was advertised in June to prune the remaining street trees and to remove obs erved dead trees . T he
primary intent of this pruning is to ens ure tree health. Additionally, pruning for street and pedes trian and
vehicular c learanc es is important. Legacy Arbor C are is the low bidder for $17,040. T hey have completed
previous G VP I D s treet tree pruning with pos itive results.
During the review and field ins pection for the tree pruning c ontract, it was noted that many trees are or will
be damaged by the t-post us ed for tree s upports at ins tallation. S taff rec ommends removal of the t- pos t to
protec t the health of the street trees. Heart of Texas Lands cape provided a pric e of not to exceed amount
of $6,000 for removal.
It was noted during inspec tion, there are many trees that were planted directly in front of s top s igns . It is
the c ities arboris t’s opinion that all trees blocking the onc oming view of stop sign need to be removed.
S taff is working to get a lis t of loc ations and will present at a future meeting.
C ompletion of this phas e of pruning will finalize all s treet tree pruning.
F IN AN C IAL IMPAC T:
234-5-0211-51-507
S UB MIT T E D B Y:
Heather Brewer-Mc F arling, Urban F orester
AT TAC H ME N T S:
Description Type
2019 Tree Prune Map Backup Material
Page 12 of 33
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GREEN
G
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E
H
A
W
D
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CO
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N
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W
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B
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L
N
GTV
T
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1
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0 1,000 2,000500
Feet
Pruned
No
Yes
<all other values>
Georgetown Village PID
road
Sidewalk Pruned
No
<all other values>
Phase 1
Phase 2
Page 13 of 33
City of Georgetown, Texas
Georgetown Village Improvement District
July 15, 2019
S UB J E C T:
Dis cus s ion and pos s ible ac tion to rec ommend the F Y2020 propos ed budget - P aul Diaz - Budget
Manager
IT E M S UMMARY:
T he p ro p o s ed F Y2020 Village P I D bud get inc ludes projec ts identified for funding along with
administrative c os ts and total funding requirements.
T he proposed F Y2020 budget identifies revenues and s pecific expenses planned for the upcoming year
P ropos ed F Y2020 Budget P resentation
P ropos ed F Y2020 Budget F und S chedule
S P E C IAL C O N S ID E R AT ION S :
C ouncil is sc heduled to ac t on all c omponents of the F Y2020 budget in S eptember 2019
F IN AN C IAL IMPAC T:
.
S UB MIT T E D B Y:
P aul Diaz, Budget Manager
AT TAC H ME N T S:
Description Type
234 GVPID Fund Schedule Backup Material
Village PID Backup Material
Page 14 of 33
Wednesday, July 10, 2019 9:23:41 AM
FY2018 Actuals FY2019 Budget FY2019
Projected
FY2020 Base
Budget
FY2020
Changes FY2020 Budget
Beginning Fund Balance 713,772 797,650 797,650 151,636 - 151,636
Revenues FY2018 Actuals FY2019 Budget FY2019
Projected
FY2020 Base
Budget
FY2020
Changes FY2020 Budget
Interest 11,968 4,000 12,200 5,100 - 5,100
Tax Revenue 388,050 426,392 426,392 452,210 - 452,210
Grand Total 400,018 430,392 438,592 457,310 - 457,310
Expenses FY2018 Actuals FY2019 Budget FY2019
Projected
FY2020 Base
Budget
FY2020
Changes FY2020 Budget
Administrative Charges 45,095 54,134 54,134 48,744 - 48,744
Capital - 778,162 778,162 - - -
Contract & Leases 94,942 105,160 105,160 105,160 - 105,160
Maintenance 79,437 102,800 102,800 102,300 - 102,300
Operations 123,762 46,800 44,350 44,624 - 44,624
Grand Total 343,236 1,087,056 1,084,606 300,828 - 300,828
FY2018 Actuals FY2019 Budget FY2019
Projected
FY2020 Base
Budget
FY2020
Changes FY2020 Budget
Ending Fund Balance 770,554 140,986 151,636 308,118 - 308,118
CAFR Adjustment 27,096 - - - - -
Contingency Reserve - 106,000 106,000 113,053 - 113,053
Available Fund Balance 797,650 34,986 45,636 195,065 - 195,065
Village PID - 234
Page 15 of 33
FY2020 Annual Budget
Village PID Budget
Paul Diaz –Budget Manager
Page 16 of 33
FY2020 Annual Budget
FY2019 Projections
•FY2018 ending fund balance after CAFR
adjustments is $797,650.
•The Village PID Fund was part of the FY2019
Mid Year Budget Amendment.
–Recognized $34,291 in additional fund balance.
–Liquidated the Shell Road Reserve held below line
and appropriated the funds, increasing total
expenses from $927,056 to $1,087,056.
Page 17 of 33
FY2020 Annual Budget
FY2019 Projections
•Revenues:
–Ad Valorem
•Tax Rate 14 cents
•Projected to finish at budget.
–Interest
•About 100 basis point
•Projecting $12,000 in FY2019.
Page 18 of 33
FY2020 Annual Budget
FY2019 Projections
•Expenses Types
–Administrative Charges: Projected at Budget
–Capital Improvement: Madrone, Rowan, and Shell:
Projected at Budget: Staff will add any unsent
funds to the CIP Rollforward in Dec. amendment.
–Contracts & Leases, Maintenance and Operations:
Projected slight below budget.
Page 19 of 33
FY2020 Annual Budget
FY2019 Projections
•Budgeted ending fund balance of $151,636 as
of Sept. 30, 2019.
•Contingency reserve of 106,000.
•Available fund balance of $45,636.
Page 20 of 33
FY2020 Annual Budget
FY2020 Revenues
•Property tax revenue is budget at $452,210.
–Based on tax rate of 14 cents
–Based on an assessed value of $323 million.
Page 21 of 33
FY2020 Annual Budget
FY2020 Expenses
•No capital improvements scheduled at this
time.
•Admin charge allocations total $48,744.
•Contacts, Main., and Operations total
$252,084.
•Anticipated fund balance at Sept. 30th, 2020 is
$308,118.
•The fund holds a contingency reserve of ¼ of
budgeted property tax revenue or 113,053.
Page 22 of 33
FY2020 Annual Budget
Fund Schedule
FY2018
Actuals
FY2019
Budget
FY2019
Projected
FY2020 Base
Budget
FY2020
Changes
FY2020
Budget
Beginning Fund Balance 713,772 797,650 797,650 151,636 - 151,636
Revenues
FY2018
Actuals
FY2019
Budget
FY2019
Projected
FY2020 Base
Budget
FY2020
Changes
FY2020
Budget
Interest 11,968 4,000 12,200 5,100 - 5,100
Tax Revenue 388,050 426,392 426,392 452,210 - 452,210
Grand Total 400,018 430,392 438,592 457,310 - 457,310
Expenses
FY2018
Actuals
FY2019
Budget
FY2019
Projected
FY2020 Base
Budget
FY2020
Changes
FY2020
Budget
Administrative Charges 45,095 54,134 54,134 48,744 - 48,744
Capital - 778,162 778,162 - - -
Contract & Leases 94,942 105,160 105,160 105,160 - 105,160
Maintenance 79,437 102,800 102,800 102,300 - 102,300
Operations 123,762 46,800 44,350 44,624 - 44,624
Grand Total 343,236 1,087,056 1,084,606 300,828 - 300,828
FY2018
Actuals
FY2019
Budget
FY2019
Projected
FY2020 Base
Budget
FY2020
Changes
FY2020
Budget
Ending Fund Balance 770,554 140,986 151,636 308,118 - 308,118
CAFR Adjustment 27,096 - - - - -
Contingency Reserve - 106,000 106,000 113,053 - 113,053
Available Fund Balance 797,650 34,986 45,636 195,065 - 195,065 Page 23 of 33
FY2020 Annual Budget
Questions
Page 24 of 33
City of Georgetown, Texas
Georgetown Village Improvement District
July 15, 2019
S UB J E C T:
Dis cus s ion and pos s ible rec ommendation to the C ity C ouncil on the annual review of the G eorgetown
Village P ublic Improvement District No. 1 (G VP I D) S ervic e and As s es s ment P lan, as part of the annual
budget process. – S eth G ips on, Management Analys t, Lac i G roler, S enior Acc ountant
IT E M S UMMARY:
T he C ity C ouncil authorized the c reation of the G eorgetown Village P ublic Improvement Dis tric t
(G VP I D) via R esolution No. 990223-N, and amended via R esolution Numbers 050801-AA-1, 032602-R ,
040803-V-2, 011309-J J, 062612-M, and 072214-R , to fund certain public improvements that benefit the
land within the approximate 391.83-ac re district (Exhibit “A”). T he purpos e of the G VP I D is to
s upplement and enhanc e C ity s ervic es within the subject area and inc lude the following:
P ocket parks, lands cape areas , s treet trees , s idewalks , trails, alleyways , dis tinctive lighting and
s ignage, rec reational fac ilities, water quality facilities , and other related improvements .
T he services to be provided by the Dis tric t s hall cons is t of those nec es s ary for the administration
and operation of the District, inc luding thos e of the C ity and the annual c ollection of assessments.
T he G VP I D’s S ervic e P lan defines the annual indebtedness and projected c os ts for improvements over a
period of at leas t five (5) years, whic h must be reviewed annually. T he G VP I D’s annual budget is
determined by the S ervic e P lan.
T he attac hed draft 2020 S ervice and Assessment P lan and Budget (Exhibits A and B) details the estimated
cost of s ervic es and improvements that may be provided for the Dis tric t for the next five (5) years,
inc luding the new enhanc ements listed above.
F IN AN C IAL IMPAC T:
N/A
S UB MIT T E D B Y:
S eth G ips on, Management Analys t
AT TAC H ME N T S:
Description Type
Draft Update 7/15/2019 Backup Material
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