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HomeMy WebLinkAboutAgenda CC 11.22.2011 WorkshopNotice of Meeting of the Governing Body of the City of Georgetown, Texas NOVEMBER 22, 2011 The Georgetown City Council will meet on NOVEMBER 22, 2011 at 4:00 P.M. at the Council Chambers at 101 E. 7th Street If you need accommodations for a disability, please notify the city in advance. Policy Development/Review Workshop - A Overview of the September 30, 2011 year end preliminary financial information -- Micki Rundell, Chief Financial Officer B Update on Boards & Commissions Administration and Training Procedures -- Jessica Brettle, City Secretary; Rachel Saucier, Assistant City Secretary; Bridget Chapman, Acting City Attorney and Skye Masson, Legal Assistant 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. C Sec. 551.071: Consultation with Attorney - Advice from attorney about pending litigation that has been filed against the City or contemplated litigation and other matters on which the attorney has a duty to advise the City Council, including but not limited to this week's agenda item - Water Oak Development - Pine Street D Sec. 551.072: Deliberation about Real Property - Discussion and deliberation concerning proposed real estate purchase of a 17 acre tract along the South San Gabriel River on Hwy 29 for parkland E Sec. 551.087: Deliberation Regarding Economic Development Negotiations - Discussions or deliberations regarding commercial or financial information that the governmental body has received from a business prospect that the City Council seeks to have locate, stay or expand in or near the territory of the City and with which the City Council is conducting economic development negotiations; or to deliberate the offer of a financial or other incentive to a business prospect that the City Council seeks to have locate, stay or expand in or near the territory of the City and with which the City Council is conducting economic development negotiations. - Project Erin - Project Center Adjournment 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 _________________, 2011, 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 November 22, 2011 SUBJECT: Overview of the September 30, 2011 year end preliminary financial information -- Micki Rundell, Chief Financial Officer ITEM SUMMARY: A preliminary year end 2011 projected versus actual fund balance/working capital report is included. The balances are preliminary and un-audited. The City’s external auditors, Clifton Gunderson, LLP have been on- site to audit the City’s 2010/11 financial records. The final, audited financial statements will be completed by January 31, 2012 and presented in late February. A 2010/11 & 2011/12 Budget amendment will be presented in January 2012, once all 2010/11 numbers are finalized for the CIP projects that should roll forward into the current year. FINANCIAL IMPACT: Year-end balances are better than anticipated, due to weather related revenues in the utilites, as well as, expense savings within departments. While General Fund balance is projected to be higher, staff recommends funding the balance of the Bellaire/Shell Road project, as well as, other transportion related projects. A PowerPoint presentation dealing this information will be presented at the Workshop. SUBMITTED BY: ATTACHMENTS: Variance Report Cover Memo Item # A 11/15/11 Preliminary YE 2010/11 Variance Report CITY OF GEORGETOWN 10/01/11 Beginning Fund Balances/Working Capital ACTUAL VS PROJECTED Projected YE Budgetary per Budget Actual 10/1/2011 10/1/2011 Variance Explanation GOVERNMENTAL FUNDS: General (unreserved) 7,829,950 8,750,003 920,053 Revenues: General Fund 38,209,276 38,921,910 712,634 ROI/Franchise Fees on Utilities (Water) Expenses: Transportation 2,911,046 3,269,661 (358,615) Timing of Street Maintenance projects Community Development 2,220,909 2,192,521 28,388 Operational Savings Finance & Administration 565,337 552,230 13,107 Operational Savings Fire 7,031,445 7,000,975 30,470 Operational Savings Management Services 4,855,925 4,538,356 317,569 Timing of flood insurance payment Community Services 7,333,942 7,328,023 5,919 Operational Savings Police Department 9,711,252 9,558,791 152,461 Operational Savings due to open positions Environmental Svcs 4,353,868 4,335,748 18,120 Operational Savings General Debt Service 1,807,060 1,937,683 130,623 Payments less due to timing of new debt payment General Capital Projects 1,401,057 17,745,382 16,344,325 Timing of CIP projects such as Fire Station 5 & 2 and 2008 GO Bond Proceeds Special Revenue Funds: Tourism Fund (unreserved) 382,087 446,359 64,272 Hotel tax revenue greater due to new/renovated properties Street Maintenance Tax 488,297 2,744,282 2,255,985 Timing of CIP projects Animal Services 46,705 81,944 35,239 Revenue greater than projected Library Restricted 12,727 (13,948) (26,675)Bookmobile reservation Main Street Façade 19,840 53,619 33,779 Grants awarded lower than anticipated Parks Restricted 424,635 724,210 299,575 No dedication fess were used during fiscal year Police Restricted 60,028 81,529 21,501 Expenditures lower than anticipated Fire Billing SRF 171,926 153,512 (18,414)Expenditures higher than anticipated Conservation SRF 248,360 149,806 (98,554)Timing of grant revenue and expenditures FEMA SRF 113,659 241,934 128,275 Timing of reimbursement from FEMA for 08/09 disaster Cemetery 32,080 47,268 15,188 Expenditures lower than anticipated Court Fees SRF 54,135 145,647 91,512 Expenditures lower than anticipated INTERNAL SERVICE FUNDS: Facilities Maintenance Fund 32,528 (1,219) (33,747)Allocation savings and timing of building projects Fleet Management 1,173,997 1,002,635 (171,362) Timing of the purchase of Digger Derek & Bucket Trucks Information Services 59,039 220,371 161,332 Increase will fund IT replacement reserve Joint Services 243,368 96,539 (146,829) Allocation savings ENTERPRISE FUNDS: Airport Fund 379,145 295,263 (83,882) Fuel revenue and expense timing Electric Services Fund 10,626,623 10,533,420 (93,203) Unearned revenue for future rate stablization Water Services Fund 7,441,746 12,721,025 5,279,279 Higher than anticipated Revenues & timing of CIP projects Stormwater Services Fund 592,407 1,966,360 1,373,953 Delay in CIP projects Attachment number 1 \nPage 1 of 1 Item # A City of Georgetown, Texas November 22, 2011 SUBJECT: Update on Boards & Commissions Administration and Training Procedures -- Jessica Brettle, City Secretary; Rachel Saucier, Assistant City Secretary; Bridget Chapman, Acting City Attorney and Skye Masson, Legal Assistant ITEM SUMMARY: FINANCIAL IMPACT: SUBMITTED BY: Cover Memo Item # B City of Georgetown, Texas November 22, 2011 SUBJECT: Sec. 551.071: Consultation with Attorney - Advice from attorney about pending litigation that has been filed against the City or contemplated litigation and other matters on which the attorney has a duty to advise the City Council, including but not limited to this week's agenda item - Water Oak Development - Pine Street ITEM SUMMARY: FINANCIAL IMPACT: SUBMITTED BY: Cover Memo Item # C City of Georgetown, Texas November 22, 2011 SUBJECT: Sec. 551.072: Deliberation about Real Property - Discussion and deliberation concerning proposed real estate purchase of a 17 acre tract along the South San Gabriel River on Hwy 29 for parkland ITEM SUMMARY: FINANCIAL IMPACT: SUBMITTED BY: Cover Memo Item # D City of Georgetown, Texas November 22, 2011 SUBJECT: Sec. 551.087: Deliberation Regarding Economic Development Negotiations - Discussions or deliberations regarding commercial or financial information that the governmental body has received from a business prospect that the City Council seeks to have locate, stay or expand in or near the territory of the City and with which the City Council is conducting economic development negotiations; or to deliberate the offer of a financial or other incentive to a business prospect that the City Council seeks to have locate, stay or expand in or near the territory of the City and with which the City Council is conducting economic development negotiations. - Project Erin - Project Center ITEM SUMMARY: FINANCIAL IMPACT: SUBMITTED BY: Cover Memo Item # E