HomeMy WebLinkAboutAgenda CC 02.27.2018 WorkshopNotice of M eeting of the
Governing B ody of the
City of Georgetown, Texas
February 2 7, 2 01 8
The Ge orgetown City Council will meet on February 27, 2018 at 3:30 PM at Council Chambers - 101
East 7th Street
The City o f Georgetown is committed to co mpliance with the Americans with Disabilities Act (ADA). If
you re quire assistance in participating at a public meeting due to a disability, as defined under the ADA,
reasonable assistance, adaptations, or ac c ommo datio ns will be provided upo n request. P lease contact
the City Se c retary's Office, at least three (3 ) days prio r to the scheduled meeting date, at (512) 930-
3652 o r City Hall at 113 East 8th Street fo r additional information; TTY use rs ro ute through Relay
Texas at 7 11.
Policy De ve lopme nt/Re vie w Workshop -
A Prese ntation and discussion on de velopment in historic Georgetown and update o n the Historic
Re so urce Survey implementation -- So fia Nelson, Planning Directo r
B Prese ntation and discussion on the pro cess to update the City's 203 0 Comprehensive Plan -- Nat
Waggo ner, AICP, Long Range Planning Manager
C Prese ntation and discussion of the City’s Quarterly Financial Report, which includes the
Investment Reports for the City o f Ge orgetown, Georgetown Transpo rtation Enhancement
Corpo ratio n (GTEC), and the Geo rge to wn Eco nomic Development Corpo ratio n (GEDCO) for the
quarter ended December 31, 2017 -- Leigh Wallace, Finance Direc to r
D Prese ntation and discussion of the draft application to Williamson Co unty fo r FY 2018-
1 9 Community Development Blo c k Grant (CDBG) funding and discussion o f the City’s HUD
entitlement status -- Susan Watkins, Ho using Coordinator and Sofia Nelso n, P lanning Director
Exe cutive Se ssion
In compliance with the Open Meetings Ac t, Chapter 551, Government Co de , Verno n's Texas Codes,
Annotate d, the items listed below will be discussed in closed session and are subject to action in the
regular se ssio n.
E Se c . 55 1.0 71 : Consul tati on wi th Atto rney
Advic e from attorney about pending o r contemplated litigation and othe r matters on which the
attorney has a duty to advise the City Co uncil, including agenda items
- TMLIRP Claim Number LB7201 6
Se c . 55 1.0 72 : Del i berati ons about Real Pro perty
- Cowan Creek Interceptor - Kylbe rg
Se c . 55 1:0 74 : Personnel Matte r s
City Manager, City Attorney, City Se c retary and Municipal Judge: Consideration of the
appointment, employment, evaluatio n, reassignment, duties, discipline, o r dismissal
- City Attorney Evaluation
- City Secretary Update to Counc il
Page 1 of 169
Adjournme nt
Ce rtificate of Posting
I, Shelley No wling, City S ecretary for the C ity of Geo rgeto wn, Texas , do hereby c ertify that
this Notic e o f Meeting was posted at City Hall, 113 E. 8th Street, a p lac e read ily acc es s ib le to
the general pub lic at all times , o n the _____ day of _________________, 2018, at
__________, and remained so p o s ted for at leas t 72 c o ntinuo us ho urs p receding the
s cheduled time of s aid meeting.
__________________________________
Shelley No wling, City S ecretary
Page 2 of 169
City of Georgetown, Texas
City Council Workshop
February 27, 2018
SUBJECT:
Presentation and discussion on development in historic Georgetown and update on the Historic Resource Survey implementation -- Sofia Nelson, Planning
Director
ITEM SUMMARY:
Purpose of Presentati on:
Provide a 2017 recap of development in historic Georgetown.
Follow-up on the recommendations of the Historic Resource Survey.
Present and receive feedback on UDC amendments to implement the Historic Resource Survey recommendations.
Opportunity for City Council to direct staff to study other items related to historic preservation.
Background:
Cox-McLain Environmental Consulting, Inc. (CMEC) was retained by the City of Georgetown in December 2015 to conduct a Historic Resources Survey. This
work included (1) an update of the 1984 and 2007 surveys, and (2) a new survey of resources constructed in 1974 or earlier. The new survey was conducted
within an area roughly bounded by Interstate 35 to the west, State Highway 130 to the east, the City limits to the south, and Farm-to-Market Road 971 to the
north. The new survey, which was completed in 2016, documented a total of 1,676 resources.
Summary of Categori zati on for Hi stori c-Age Properti es
Category Ol d Tow n Downtown Outsi de a Di stri ct Total Count
Hi gh
164 27 191
Medi um
401 187 588
Low
468 429 897
Total
1,033 643 1,676
CMEC also categorized the resources within the City’s two historic overlays as contributing or non-contributing. All High and Medium priority properties within
the overlays are considered contributing resources. Low priority historic-age resources, non-historic age resources, and vacant lots are considered non-
contributing resources.
FINANCIAL IMPACT:
n/a
SUBMITTED BY:
Sofia Nelson, Planning Director
ATTACHMENTS:
Description
works hop pres entation
Page 3 of 169
Development in Historic
Georgetown
February 27, 2018
Page 4 of 169
Presentation Team
Nat Waggoner, Long Range Planning
Manager
Andreina Davila-Quintero, Current
Planning Manager
Madison Thomas, Historic and Downtown
Planner
Karen Frost, Planning Specialist
Page 5 of 169
Purpose of Presentation
Provide a recap of development in historic
Georgetown over the last year.
Follow-up on the Historic Resource
Survey recommendation to change
definitions for contributing and non-
contributing structures
Request direction on UDC amendments to
implement Historic Resource Survey
recommendation.
Page 6 of 169
Presentation Outline
Part 1-HARC end of the year report
Part 2-Recap of Historic Resource Survey
Part 3-Current UDC requirements
Part 4-UDC Committee Recommendation
Part 5-Other Considerations
Part 6-Request for Direction
Page 7 of 169
Part 1
HARC end of the year report
HARC committee membership
Recap of HARC reviews
Page 8 of 169
Historic and Architectural
Review Committee
Lee Bain (Chair)
Shawn Hood (Vice Chair)
Justin Bohls (Secretary)
Terri Asendorf Hyde
Arthur Browner
Karl Meixsell
Lawrence Romero
Catherine Morales (Alternate Member #1)
Page 9 of 169
16 HARC meetings were held
44 COAs filed in 2017
23 commercial
16 residential
5 mixed use
Recap of Development in
Historic Georgetown
Page 10 of 169
City of GeorgetownPage 11 of 169
Part 2
Recap of Historic Resource
Survey
Types of Resources Surveyed
Categories of Priority
Survey Recommendations
Page 12 of 169
2016 Survey
Re-survey
1984/2007
properties
Within boundary:
survey resources
constructed in 1974
or earlier
Page 13 of 169
Types of Resources Surveyed
Page 14 of 169
Types of Resources Surveyed
Page 15 of 169
Types of Resources Surveyed
•Commercial
•Other uses: churches, schools, agriculture,
municipal, etc.
Page 16 of 169
CATEGORIES OF PRIORITY
Page 17 of 169
High Priority
•Contribute significantly to
local history/broader
historical patterns
•May be good examples of
architecture, engineering,
or crafted design
•Retain a high degree of
integrity
Page 18 of 169
Medium
•Add to an area’s character
and contribute moderately
to our understanding of local
history/broader historical
patterns
•Typical examples of a style
or form
•Somewhat modified
Page 19 of 169
Low
•Not associated with a
trend in history,
significant architectural
style, building form, or
construction method
•And/or significantly
altered
Page 20 of 169
Categories: 2016 Survey
Summary of Categorization for Historic -Age
Properties
Category Old Town
Downtown
Outside a
District
Total Count
High 164 27 191
Medium
401 187 588
Low 468 429 897
Total 1,033 643 1,676Page 21 of 169
Historic Resource Survey
Recommended Next Steps
•Change definitions for contributing
and non-contributing structures
Page 22 of 169
Part 3
Current UDC requirements
Recap of current UDC requirements
Historic Significance Categories
Review Criteria for COAs
Page 23 of 169
UDC Amendments
focused on COA
approval process,
notification,
&historic landmark
designation
Historic
Resource
Survey
approved
8/20174/20158/2012
Design Guidelines
Adopted by City
Council
Current UDC Requirements-
Where have we been?
Page 24 of 169
Current UDC Requirements-
Determining factors for approval
1)Scope of Work
2)Historic Significance
3)UDC approval Criteria
Page 25 of 169
Current UDC Requirements-
1. Scope of Work Types
Additions
Reconstruction, Alterations, Changes
Removal, Demolition, or Relocation
Signage
Fences
Building height, Setback and FAR
variations
Page 26 of 169
Current UDC Requirements-
2. Historical Significance
Contributing Resources
Buildings in a historic district identified as
low, medium and high priority
For the purpose of demolition only,
structures listed on the resource survey
and that are located outside of a historic
overlay district shall be considered
contributing historic structures.
Page 27 of 169
Current UDC Requirements-
2. Historical Significance
Non Contributing Resources
Buildings that are not identified in the 1984
and 2007 Historic Resources Survey.
Page 28 of 169
Current UDC Requirements-
2. Historical Significance
Historic Landmark Status
A building, structure or site of historical,
architectural, or cultural importance or value to the
City of Georgetown that has been designated as a
"landmark" by ordinance of the City Council and
that is to be protected, preserved, restored, and
enhanced in the interest of the culture, prosperity,
education, & welfare of the people.
Page 29 of 169
Project (Scope of Work)Historic Significance Review
Authority
HARC = Historic and Architectural Review Commission * HPO = Historic
Preservation Officer * NR = Not Required
New Construction (Infill Development)
New building
construction
All Historic Overlay
Districts HARC
Additions
To create or add to an
existing street facing
facade
Historic Landmark
HARC Contributing Historic
Structure
Non-Contributing
Historic Structure HPO
Non-street facing
facades
Historic Landmark HARC
Contributing Historic
Structure HPO
Non-Contributing
Historic Structure NR
Page 30 of 169
3. UDC Approval Criteria-
Administrative Approval
1.The application is complete
and the information contained
within the application is correct
and sufficient enough to allow
adequate review and final
action;
2.Compliance with applicable
design and development
standards of this Code;
3.Compliance with the Secretary
of the Interior's Standards for
the Treatment of Historic
Properties to the most extent
practicable;
4. Compliance with the adopted
Downtown and Old Town Design
Guidelines, as may be amended
from time to time, specific to the
applicable Historic Overlay District;
and
5. The overall character of the
applicable Historic Overlay District
and the building or structure is
preserved, and the design is
compatible with the Historic
Overlay District.
6. The sign is in keeping with the
adopted Downtown and Old Town
Design Guidelines and character
of the Historic Overlay District. Page 31 of 169
3. UDC Approval Criteria-
HARC approval
1. The application is complete and
the information contained within the
application is correct and sufficient
enough to allow adequate review
and final action;
2. Compliance with any design
standards of this Code;
3. Compliance with the Secretary of
the Interior's Standards for the
Treatment of Historic Properties to
the most extent practicable;
4. Compliance with the adopted
Downtown and Old Town Design
Guidelines, specific to the
applicable Historic Overlay District;
5. The general historic, cultural,
and architectural integrity of the
building, structure or site is
preserved;
6. New buildings or additions are
designed to be compatible with
surrounding properties in the
applicable historic overlay district;
7. The overall character of the
applicable historic overlay district
is protected; and
8. The Master Sign Plan is in
keeping with the adopted
Downtown and Old Town Design
Guidelines.
Page 32 of 169
Part 4
UDC Committee
Recommendation
Review authority within a
Historic District
Review authority outside of a
District
Page 33 of 169
Review authority within a
Historic District
1.Recommended Changes
2.Differences between current code &
recommended changes
3.Review Impact of recommended changes:
-number of properties
-types of activities
Page 34 of 169
UDC Committee
Recommended Changes
Within a Historic District
Contributing
Buildings designated medium
and high priority within a
designated historic district.
Noncontributing
Buildings designated low
priority within a designated
historic district.
Page 35 of 169
UDC Recommended Changes-
Current Code vs. Proposed Changes
Current
Buildings in a historic
district identified as low,
medium and high priority
Proposed
Contributing
Buildings designated
medium and high
priority within a
designated historic
district.
Noncontributing
Buildings designated
low priority within a
designated historic
district. Page 36 of 169
Impact of Recommended Change –
Contributing
Page 37 of 169
Impact of Recommended
Change –Non Contributing
Page 38 of 169
Impact of Recommended Change-
Non Contributing
Page 39 of 169
Reconstruction, Alterations, Changes
Restoring historic
architectural features
Historic Landmark
HPO Contributing Historic
Structure *
Non-Contributing Historic
Structure NR
Replacing a historic
architectural feature with a
non-historic architectural
feature
Historic Landmark
HARC Contributing Historic
Structure *
Non-Contributing Historic
Structure NR
Replacing roof materials
with different roof materials
Historic Landmark HARC
Contributing Historic
Structure HPO
Non-Contributing Historic
Structure NR
Page 40 of 169
Reconstruction, Alterations, Changes
Paint removal from historic
and significant
architectural features
(back to original condition;
does not include
repainting)
Historic Landmark
HPO Contributing Historic
Structure *
Non-Contributing Historic
Structure NR
New paint on unpainted
historic and other
significant architectural
features
Historic Landmark
HPO Contributing Historic
Structure *
Non-Contributing Historic
Structure NR
Rooftop HVAC, mechanical
or communication
equipment that result in
modifications to the
building facade
Historic Landmark
HARC Contributing Historic
Structure *
Non-Contributing Historic
Structure * HPO
Page 41 of 169
City of Georgetown
Removal, Demolition or Relocation
Awnings or canopies
Historic Landmark HARC
Contributing Historic
Structure * HARC
Non-Contributing Historic
Structure NR
Exterior non-historic
architectural features
Historic Landmark
HPO Contributing Historic
Structure *
Non-Contributing Historic
Structure NR
Exterior siding to
unencapsulate historic
siding materials
Historic Landmark
HPO Contributing Historic
Structure *
Non-Contributing Historic
Structure NR
Page 42 of 169
City of Georgetown
Removal, Demolition or Relocation
Non-historic additions that
are made of non-historic
materials
Historic Landmark
HPO Contributing Historic
Structure
Non-Contributing Historic
Structure NR
Attached carport, porch,
patio or deck
Historic Landmark
HARC‡ Contributing Historic
Structure *
Non-Contributing Historic
Structure NR
Attached carport, porch,
patio or deck made of non-
historic materials
Historic Landmark
HPO Contributing Historic
Structure *
Non-Contributing Historic
Structure NR
Page 43 of 169
City of Georgetown
Removal, Demolition or Relocation
Reopen enclosed porch,
patio or deck to original
condition
Historic Landmark
HPO Contributing Historic
Structure *
Non-Contributing Historic
Structure NR
Street facing facade
Historic Landmark
HARC‡ Contributing Historic
Structure
Non-Contributing Historic
Structure NR
Demolition that results in
the reduction or loss in the
total square footage of the
existing structure
Historic Landmark
HARC Contributing Historic
Structure
Non-Contributing Historic
Structure NR
Page 44 of 169
Current Demolition Process-
All contributing structures
Application
submitted
Demolition
Subcommittee
HARC
approval
30-45
days 60 day minimum
before HARC can
take action
Page 45 of 169
Recommended Demolition
Process-In District
Application
submitted
Demolition
Subcommittee
HARC
approval
30-45
days
60 day minimum
before demolition
can take place
Page 46 of 169
Review authority outside of a
District
1.Recommended Changes and Process
2.Differences between current code and
proposed changes
Page 47 of 169
UDC Committee
Recommended Changes
Outside of a Historic District and
On the Survey
High
Demolitions will require
HARC approval
Medium
Demolitions will require
HPO approval
Low
No review required.
Page 48 of 169
Recommended Demolition
Process-Out of District
Application
submitted
Demolition
Subcommittee
HARC
approval
No 60 day
delay
Step 1 Step 3 Step 4
Staff Review
Step 2
Page 49 of 169
Differences between current code
and proposed changes
Current
For the purpose of
demolition only,
structures listed on the
resource survey and that
are located outside of a
historic overlay district
shall be considered
contributing historic
structures. All demolitions
require HARC approval
Proposed
High
Demolitions will require
HARC approval
Medium
Demolitions will require
HPO approval
Low
No review required.
Page 50 of 169
Part 5
Other Considerations
Page 51 of 169
Other Considerations
City staff and city attorney’s office are reviewing
HARC guidelines in context with zoning
requirements.
There are inconsistencies and potential legal
issues that may require code amendments.
Page 52 of 169
Part 6
Request for Direction
Page 53 of 169
Request for Direction
Should staff proceed with UDC amendments
recommended as part of Resource Survey?
If so, is there concurrence with UDC Committee
Recommendation
–Contributing Structure: High and Medium Priority
–Non contributing Structure: Low Priority
–Tiered approval authority for demolitions outside a
historic district
Are there other requirements that you would like
staff to study.
Page 54 of 169
City of Georgetown, Texas
City Council Workshop
February 27, 2018
SUBJECT:
P resentation and discussio n on the process to update the City's 2030 Comprehensive Plan -- Nat Waggoner, AICP, Long
Range Planning Manager
ITEM SUMMARY:
At the October 10, 20 17 City Council workshop, staff pro vided Co uncil an overview of the current c omprehensive plan
including a review o f the critical plan elements and a review of the draft schedule . During the presentation City Council
provided staff dire c tion and feedback on the topics be lo w:
1. Confirmation o f the strategic focuses City Council has pro vided in previous wo rksho ps and long range planning
conversatio ns (implementation centric approach, council involveme nt, public eng ag e ment an d fisca l
alignme nt).
and
2. The definition o f success for the comprehensive plan and the te rms of success for the pro cess leading towards an
updated compre he nsive plan and use of an update d co mprehensive plan (measu ra ble, fiscal alignment, relatable an d
innovative ).
and
3. Directio n on o ptions for community input and Co uncil involvement;
The purpose of this presentation is to review directio n provided at the 10/17 workshop, provide a status update, review the
use o f a ste e ring committee and joint meetings between the Planning and Zoning Co mmission and Council and determine
if addition informatio n is needed by the Council be fore returning on March 13th with a c ontract for services.
FINANCIAL IMPACT:
Funding for the Update was approved during the Fiscal Year 20 18 budget process. Staff will present City Council a final
budget as part of the contract for professional se rvic e s at the March 13, 2018 regular meeting.
SUBMITTED BY:
Nat Waggoner, PMP, AICP
ATTACHMENT S:
Description
P res entation
Page 55 of 169
Comprehensive Plan
Update
City Council Workshop
February 27, 2018
Page 56 of 169
Presentation
•Sofia Nelson, CNU-A, Planning Director
•Nat Waggoner, AICP, Long Range Planning Manager
•Susan Watkins, AICP, Housing Coordinator
Page 57 of 169
Purpose of the presentation
1.Confirmation of 10/17 workshop recap
2.Provide a status update
3.Direction on the use of the steering
committee and joint CC/P&Z meetings
4.Determine if additional information is
needed for the next meeting and
consideration of contract award (3/13)
Page 58 of 169
Agenda
•PART I
–Recap of 10/1/17 workshop
•PART II
–Current status
•PART III
–Communication and involvement planning
•Part IV
–Council direction
–Next steps
Page 59 of 169
PART I
Recap of 10/1/17 workshop
Page 60 of 169
•Major Components
–Housing
–Growth scenarios
–Williams Drive Sub
Area Plan
–Gateways
–Future Land Use
•Outcomes
–Must have a
discrete list of
annual projects
–Tied to budget
process
–Measurable
Part I –“Custom, tailored”
Elements of the Plan
Page 61 of 169
Part I –How We Will Achieve Council
Direction
Outcomes Goals Objectives
Must have a discrete
list of annual projects
Implementation plan
Annual Report
Measurable
Tied to budget
process Fiscal alignment
Incorporation of Fiscal
Impact Model, Eco/Devo
Strategic Plan, CIP, others
Public Involvement
Relatable Online,in person public
meetings, got to people
where they are.
Steering Committee and
Joint Session with P&Z
Innovative
Page 62 of 169
Part II
Current Status
Page 63 of 169
Consultant Selection Process
Solicitation Proposal
Review Interviews Negotiations Council
Review
Page 64 of 169
Consultant Interview Criteria
•Lessons learned
•Examples of innovation
•Housing experience (analysis and
recommendations)
•Understanding of dynamic commercial/retail
footprints
•Experience with growth scenario
development
•Demonstrated implementation experience
Page 65 of 169
Part III
Communication & Involvement
Page 66 of 169
Participation
Community
& Public
Involvement
City Council
and P&Z
joint
workshops
Steering
Committee
Page 67 of 169
Steering Committee
•Purpose:
–The purpose of the Steering Committee is to
help guide the development of the
Comprehensive Plan.
•Responsibilities:
–Represent the community of Georgetown
and encourage their participation throughout
the Comprehensive Plan process.
–The Committee will meet at least monthly to
provide feedback to the Planning Department
and Planning Consultant.
Page 68 of 169
Steering Committee
•Mayor (Chair)
•City Council (2)
•P&Z (2)
•Transportation (1)
•Parks (1)
•Housing (1)
•GISD (1)
•Development
Professionals (1)
•Non-Profit/Community
Groups (1)
•Chamber/Business (2)
•Citizens at large (2)
Page 69 of 169
Joint Council and P&Z Meetings
•Meet an estimated 3-4 times throughout
the comprehensive plan process to
provide direction on the following:
–Review State of Georgetown
–Establish Policy, Goals, Direct Alignment
–Review and approve recommendations
Page 70 of 169
Plan Development Process
Technical
Study
Policy
Formation
Public
Input
Policy
Adoption
Page 71 of 169
Part IV –Next Steps
•Consultant selection –3/13/2018
•Steering Committee Meeting in April/May
2018
•Kick off April/May 2018
Page 72 of 169
Direction
•Did we recap direction accurately from
10/10?
•Do you agree with the use of joint
meetings with P&Z and the use of a
steering committee?
•Is there additional information you would
like us to bring back 3/13?
Page 73 of 169
City of Georgetown, Texas
City Council Workshop
February 27, 2018
SUBJECT:
P resentation and discussio n of the City’s Quarterly Financial Report, which include s the Investment Reports for the City
of Georgetown, Ge orgetown Transportation Enhanc e ment Co rporation (GTEC), and the Georgetown Economic
Development Co rporation (GEDCO) for the quarter ended December 31, 2017 -- Leigh Wallace, Finance Director
ITEM SUMMARY:
The Quarterly Financial Report to Counc il is attached. An e xe c utive summary is included to highlight variances with
regards to the revenues and an overview o f the investment portfolio as of December 31, 2017. The Financial Repo rt
shows a comparison of current year to date revenues compared to the prior year fo r the first quarte r of the fiscal year on
all major funds.
The FY20 18 CIP Ro ll Forward Amendment will be reflected in the Second Quarter Report. Increases in the major funds
are related to increased personnel expenditures for merit and market programs, increased IT costs citywide, and ne w
capital projects. Staff continue to monitor ove rtime in Fire and EMS overtime, which continue to trend o ver budge t.
Investment activity fo r the quarter is primarily the maturity and purchasing of CDs, as we ll as the closing of an advanced
refunding and an e arly defeasement.
COMMENTS:
T he investment activity and strategies described in the investment report are in compliance with the City’s
Investment P olicy and state law. T his report meets the quarterly reporting requirements mandated by the P ublic
Funds Investment Act.
FINANCIAL IMPACT:
Report attached.
SUBMITTED BY:
Leigh Wallace, Finance Director - SP
ATTACHMENT S:
Description
P res entation
Quarterly Financ ial R ep o rt
Page 74 of 169
Page 75 of 169
FY2018 Quarterly Report
General Fund Revenue
•Sales tax collections up 3.5% compared to
same period last year;
•Property tax collections at 50% for the year
•Utility ROI up 5% compared to same period
last year
•Development fees down 6% compared to
same period last year; applications are up
Page 76 of 169
FY2018 Quarterly Report
General Fund Expense
•Overall expenses increased over prior year
–IT allocation
–Market and merit personnel increases
–New personnel and programs
•Fire and EMS overtime trend increasing due to
vacancies and leave requests
Page 77 of 169
FY2018 Quarterly Report
Major Enterprise
•Electric
–Revenue up 7% compared to last year with PCA
•Water
–Revenue up 16% year over year, mostly due to
development impact fees and customer growth
•Hotel Occupancy Tax revenue up 17.8% year
over year
•Airport Revenue up 11% year over year
Page 78 of 169
FY2018 Quarterly Report
CIP Highlights
•Downtown West
•Garey Park and San Gabriel Park improvements
continue
•Southwest Bypass
•Pecan Branch wastewater treatment plant
•Electric relocations for road and development
projects; new housing and commercial
development
Page 79 of 169
FY2018 Quarterly Report
Investment Highlights
9/30/2017 12/31/2017 Change
Total Book Value 158,220,196$ 165,885,663$ 7,665,467$
Average Yield 1.14%1.30%0.16%
9/30/2017 12/31/2017 Change
Total Book Value 18,042,602$ 19,053,403$ 1,010,801$
Average Yield 1.28%1.39%0.11%
9/30/2017 12/31/2017 Change
Total Book Value 6,081,347$ 6,157,417$ 76,070$
Average Yield 1.09%1.23%0.14%
CITY
GTEC
GEDCO
Page 80 of 169
Q1 2018
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Page 81 of 169
FINANCIAL REPORT AND INVESTMENT REPORT
For the Quarter Ended Decem ber 31, 2017
Table of Contents
Executive Summary .................................................................................................................................... 1-5
General Fund Schedule ................................................................................................................................. 6
Electric Fund Schedule .................................................................................................................................. 7
Water Services Fund Schedule ...................................................................................................................... 8
Joint Services Fund Schedule ......................................................................................................................... 9
Council Discretionary Fund Schedule .......................................................................................................... 10
Convention & Visitors Bureau Fund Schedule ............................................................................................. 11
Paramedic Fund Schedule ........................................................................................................................... 12
Airport Operations Fund Schedule .............................................................................................................. 13
Georgetown Transportation Enhancement Corporation Fund Schedule .................................................... 14
Georgetown Economic Development Corporation Fund Schedule ............................................................. 15
Quarterly Investment Report - City ........................................................................................................ 16-30
Quarterly Investment Report - GTEC ...................................................................................................... 31-36
Quarterly Investment Report - GEDCO ................................................................................................... 37-42
Grant Applications ....................................................................................................................................... 43
Capital Improvement Projects ................................................................................................................ 44-48
Long-term Commitments, Reservations, and Other Unfunded Liabilities .............................................. 49-51
Page 82 of 169
FY2018 Quarterly Report
EXECUTIVE SUMMARY FOR THE QUARTER ENDED DECEMBER 31, 2017
I. QUARTERLY FINANCIAL ANALYSIS
GENERAL FUND REVENUES:
General Fund revenues collected for the first quarter of fiscal year 2018 are 9.5% ahead of fiscal year 2017. The total
revenue collected year to date (YTD) for the General Fund is $15.9 million.
The sales tax collections through December
totaled $1.1 million, or 8% of budget. Sales tax
is two months in arrears. Sales tax revenues are
on target to meet the year-end projection of
$14.3 million. The growth in sales tax is driven
by increases in our core sectors of retail trade,
food, and information, which are positively
impacted by population growth.
Property tax revenues are typically received
during the first two quarters of the fiscal year,
with the majority of the taxes being received in
December and January. The amount of
revenue is based on the assessed value and is
estimated using the County Assessor’s data.
Any deviations from estimates in this revenue
stream are typically related to new
construction and delinquency rates. Property tax revenues for the first quarter of 2018 are up 14.2%, or $870,000,
from the first quarter of last year.
The City collects a 4 – 5% franchise fee on electric,
natural gas, cable, and non-cellular telephone
revenues provided by entities other than the City.
The City has collected $1.1 million through the first
quarter of 2018, which is a 4.1% increase from the
first quarter of 2017. Franchise fees are typically
collected on a quarterly basis and the timing of
payments can vary. The City also collects a 3%
franchise fee and a 7% return on investment (ROI)
fee from City owned utilities, which totaled $2
million through the first quarter of the fiscal year.
Franchise fee and ROI collections are up 5.2% over
this time last year.
Environmental services revenues are up 19.1%
from first quarter of 2018. This increase is related to the growth in the customer base.
0
20
40
60
80
100
120
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
Number of Building Permits
2014
2015
2016
2017
2018
Source: MyPermitNow
$600,000
$700,000
$800,000
$900,000
$1,000,000
$1,100,000
$1,200,000
$1,300,000
Oc
t
No
v
De
c
Ja
n
Fe
b
Ma
r
Ap
r
Ma
y
Ju
n
Ju
l
Au
g
Se
p
Sales Tax Revenue
2014
2015
2016
2017
2018
Source: Texas Comptroller of Public
1Page 83 of 169
FY2018 Quarterly Report
Development related revenue is down 6.1% over the prior year. Year to date development applications are up 13.5%
from last year.
Overall, General Fund primary revenues were strong in the first quarter of fiscal year 2018 and are higher than the
prior year.
GENERAL FUND EXPENDITURES:
General Fund operating expenditures for the first quarter of fiscal year 2018 are 20.3% higher than the same period
in fiscal year 2017. An increase in expenses is primarily due to encumbered one time programs and public safety due
to additional hours for public events.
Total salaries and benefit expenditures through the first quarter were $9.3 million or 27.3% of budget. An additional
$6.4 million, or 24% of budget, was spent on operations.
Administration Services includes City Manager’s Office, City Council, City Secretary and social service funding. Total
expenditures for the first quarter were $650,000 or 24% of budget.
Community Services and Finance provides resources for developing downtown, as well as resources for Parks and
Recreation, Library, Communications and Municipal Court. Year to date expenditures are $2.9 million or 25% of
budget.
The Georgetown Utility System Division includes Environmental Services, Inspections, Public Works and Streets.
Environmental Services manages the contract for solid waste collections. Total expenditures through the first quarter
were $2.1 million or 19% of budget.
Total expenditures for Public Safety through the first quarter are 28.2% of budget for a total of $8 million. City
management, finance and fire staff continue to monitor Fire and EMS overtime every two weeks. The fire
department continues to experience vacancies and personnel on leave, increasing overtime expense.
Overall General Fund expenditures are within budget and projection. As planned in the budget, General Fund
expenditures are slightly higher than revenue, leading to a minor decrease in fund balance. The fund balance is
projected to be $9.9 million, covering the 90-day contingency reserve and the Economic Uncertainty Reserve.
UTILITY FUNDS:
Electric revenue through the first quarter of 2018 is $15.5 million, up 7.7% compared to the prior year’s first quarter
due to the Power Cost Adjustment.
Total water revenue is up from the prior year by 15.9%; which is largely due to an increase in customer growth.
Total wastewater revenue is up 3.5% for fiscal year 2018 compared to last year. The increase is largely due to impact
fees for new development in the Western District, and customer growth.
Utility revenues are impacted significantly by growth and weather conditions. The improved economic conditions
and housing market continue to positively impact growth-related revenues. Staff will monitor these trends over the
upcoming months.
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FY2018 Quarterly Report
OTHER MAJOR FUNDS:
Hotel Occupancy Tax revenue is $359,000, an increase of 17.8% from the prior year due to the Sheraton Hotel.
Airport revenue is up 11% from the prior year, due to fuel sales and leases.
II.INVESTMENTS
The investment activity and strategies described in this report are in compliance with the Public Funds Investment
Act (PFIA), the City’s investment policy, and generally accepted accounting principles. Activity for the first quarter of
fiscal year 2018 includes the maturing of financial institution deposits (CD’s) and transfers to new CD’s and favorable
money market accounts. Interest rates for money market accounts increased in March 2017 and continue to
increase. They are comparable to yield for CD’s with maturity dates one year to eighteen months out. The City will
continue soliciting the best rates to improve both diversity and yield.
The Investment Reports for the quarter ended December 31, 2017 and the supporting schedules are attached. Valley
View Consulting, L.L.C., has prepared the attached investment reports. A component of our investment advisory
services contract includes Valley View preparing the quarterly investment reports on behalf of the City. A summary
of the investment balances at December 31, 2017, compared to the prior quarter, is shown below for the City as well
as Georgetown Transportation Enhancement Corporation (GTEC) and Georgetown Economic Development
Corporation (GEDCO).
CITY GTEC GEDCO
9/30/17 12/31/17 9/30/17 12/31/17 9/30/17 12/31/17
Total cash and investments $158,220,196 $165,885,663 $18,042,602 $19,053,403 $6,081,347 $6,157,417
Average Yield 1.14% 1.30% 1.28% 1.39% 1.09% 1.23%
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.
City portfolio balances have increased in the last few years in direct correlation to the increase in contingency
reserves and debt proceeds issued for future capital improvement projects. The portfolio increased in the first
quarter due to collections of annual property tax proceeds and an advanced debt refunding. The City’s investment
portfolio includes bank deposits, local government investment pool balances, money market accounts, and financial
institution deposits (CD’s). All of these investments carry insurance or an implied backing from the Federal
Government. The collateral on all City investments are monitored monthly to ensure the financial institutions carry
minimum collateral of 102% of market value of the City’s investments.
Currently, the City does not own any securities due to the market conditions for these types of investments, however,
we have a safekeeping relationship with BBVA for future investment possibilities. Once the City begins purchasing
securities, the investment officers will obtain from a reliable source the current credit rating for each held investment
that has a PFIA-required minimum rating. All securities held by financial institutions as collateral on behalf of the City
have been reviewed and met PFIA-minimum rating criteria.
The City has worked closely with the City’s depository bank to find an average daily balance that is best to receive
the highest yield on the account. These balances earn credit against the fees charged by the bank versus earning
3Page 85 of 169
FY2018 Quarterly Report
interest on these balances. The City has looked at various options to maximize our best yield vs investment & the
decision to change the depository collateral from securities to a letter of credit has increased our Earnings Credit
Rate to .45 (plus 10 basis points). Current analysis shows a higher return on investments that will cover bank fees
and provide additional yield. The City will continue to verify depository yield versus investment yield to achieve the
best outcome.
The City's investment program is conducted to accomplish the objectives of safety, liquidity, public trust, and yield.
It is also the objective of the City to diversify its investments to eliminate the risk of loss resulting from over
concentration of assets in a specific maturity, a specific issuer or a specific class of investments. It is the intent of the
City to invest its funds to maturity.
III.CAPITAL PROJECTS
The projects in the Capital Improvement Program (CIP) consist of infrastructure and related construction and do not
include small capital items such as furniture, equipment, and vehicle maintenance.
Maintenance-type projects are not capitalized as a fixed asset and are usually cash funded. Therefore, they are
considered operational in nature and are included in the departmental operating budget.
A year-to-date budget status for each of the approved projects is included in the quarterly report, including the
following:
PARKS
San Gabriel Park Improvements: A master plan for improvements to San Gabriel Park was completed in 2015. The
master plan proposed the improvements be completed in phases due to the high usage and the many events that
take place in the park. The groundbreaking for Phase 1 construction was held in March 2017. Weststar Construction
in Georgetown is the general contractor. Construction is expected to be completed in early 2018. Phase 1
improvements include spring restoration, pavilions, road realignment, play areas, restrooms, signage and parking.
Austin based RVi is currently designing San Gabriel Park Phase II which is expected to start construction in Spring
2018.
Garey Park: In 2004, Mr. and Mrs. Jack Garey announced they would donate their 525 acre ranch and $5 million to
the City of Georgetown for a public park. In 2008, the citizens passed a parks bond with $10 million dedicated for
the construction of Garey Park. A master plan was completed in 2006 that set the stage for how the park would be
developed. The ground breaking for Garey Park was held in March 2017. Prime Construction of Pflugerville is the
general contractor for renovation to Garey House and for site and civil construction. Construction is expected to
take twelve months with a spring 2018 completion. Project elements include a playground, splash pad, dog park,
equestrian arena, gate house, event area including Garey House and hiking and equestrian trails.
TRANSPORTATION
Southwest Bypass: Construction is approximately 90% complete project-wide. The South San Gabriel bridge is
complete with the final deck pour complete on the Southern bridge. The rails are all that remain to complete. Final
course of asphalt is scheduled for installation in February 2018 weather permitting on the entire project.
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FY2018 Quarterly Report
DOWNTOWN & COMMUNITY SERVICES
Downtown West: The City of Georgetown broke ground Nov. 28 to start the renovation of two City buildings that
will be part of a civic campus for City government offices. Known as Downtown West, the new civic campus will
include a City Hall and Council Chamber and Municipal Court Building as well as the existing Georgetown Public
Library that opened in 2007, the Historic Light and Water Works office building, and a public parking lot on Eighth
Street. The $13 million project is funded by proceeds from the sale of City buildings, municipal bonds, and fee
revenues. Construction should be complete in 12 months. Demolition of the old library is complete and site utilities
are moving forward.
ELECTRIC
New development continues to exceed expectations in the first quarter with additional residential, multifamily, and
business projects in progress.
WATER
The Berry Creek Interceptor design is 90% complete and the easement acquisition is in progress. Construction is
estimated to start in September 2018.
The Stonehedge and Westinghouse lift station project bid went to the Board and Council in November 2016.
Construction started in January 2017 and is scheduled for completion by the end of March 2018.
The Pecan Branch wastewater treatment plant construction started in July 2017 and is scheduled for completion in
July 2019. In the first quarter, the concrete was poured for the aeration basin walls.
The Shell Road and CR 255 water main designs are complete and easement acquisitions are in progress. Construction
is estimated to start September 2019.
The Domel water pump station design is complete. Construction started in July 2017 and is scheduled for completion
in June 2018. In the first quarter crews installed pipes, valves and fittings.
GENERAL CAPITAL PROJECT RECONCILIATION
Staff have begun reconciling capital projects funded with general obligation bonds. Leftover funding from completed
projects may be used for similar projects. This information will be useful in planning future debt sales. For example,
reconciled funds for transportation projects will be used for the FM 1460 project instead of issuing new debt in
FY2018. Staff will continue to meet with departments to determine available funding.
5Page 87 of 169
APRROVED BUDGET CURRENT PERIOD
YEAR TO DATE
(W/ENCUMB)
YEAR-END
PROJECTION
BEGINNING FUND BALANCE 11,155,457 11,155,457
Revenue
Administrative Charges 2,087,555 512,898 521,886 2,087,555
All Other Revenue 4,056,192 447,791 986,587 4,056,192
Development and Permit Fees 2,553,500 171,477 559,999 2,553,500
Franchise Fees 5,203,863 200,536 1,110,736 5,203,863
Garey Park 225,000 - - 225,000
Parks and Rec Fees 2,339,220 101,079 376,991 2,339,220
Property Tax 13,400,000 5,952,523 7,019,146 13,400,000
ROI 8,417,635 557,786 2,034,309 8,417,635
Sales Tax 14,300,500 1,066,419 1,092,503 14,300,500
Sanitation Revenue 8,974,500 711,643 2,102,087 8,974,500
Transfer In 435,200 68,750 78,950 435,200
Revenue Total 61,993,165 9,790,902 15,883,194 61,993,165
Expense
Administrative Services 1,526,014 170,110 402,138 1,526,014
Animal Services 875,831 92,130 274,415 875,831
Arts & Culture 80,900 2,113 7,404 80,900
City Council 175,087 12,553 53,757 175,087
City Secretary 920,537 61,715 194,547 920,537
Code Enforcement 415,749 42,415 95,335 415,749
Communications 400,137 45,774 113,422 400,137
Environmental Services 7,623,412 601,358 1,372,269 7,623,412
Fire Emergency Services 10,789,592 1,225,065 2,888,205 10,789,592
Fire Support Services 2,648,858 312,533 759,074 2,648,858
Garey Park 621,557 10,479 36,321 621,557
General Gov't Contracts 3,253,786 296,467 1,403,005 3,253,786
Inspections 1,231,441 128,058 277,838 1,231,441
Library 2,554,935 258,402 698,845 2,554,935
Municipal Court 632,929 71,487 169,607 632,929
Parks 2,578,108 263,456 784,735 2,578,108
Parks Admin 607,229 61,282 161,541 607,229
Planning 1,527,911 130,794 318,579 1,527,911
Police Admin 2,234,502 207,452 599,836 2,234,502
Police Operations 11,474,871 1,509,200 3,407,399 11,474,871
Public Works 1,071,301 56,155 478,059 1,071,301
Rec Programs 1,338,038 64,214 221,635 1,338,038
Recreation 2,527,496 260,041 654,100 2,527,496
Streets 3,961,864 252,154 1,180,652 3,961,864
Tennis Center 435,014 36,986 95,141 435,014
Transfer Out 1,739,523 3,739 1,705,870 1,739,523
Expense Total 63,246,622 6,176,132 18,353,729 63,246,622
EXCESS (DEFICIANCY) OF TOTAL REVENUE OVER TOTAL REQUIREMENTS (1,253,457)3,614,770 (2,470,535)(1,253,457)
AVAILABLE FUND BALANCE 9,902,000 9,902,000
Year-End Projection to Approved: Dec FY2018
General Fund
6
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APRROVED BUDGET CURRENT PERIOD
YEAR TO DATE
(W/ENCUMB)
YEAR-END
PROJECTION
BEGINNING FUND BALANCE 12,328,770 12,328,770
Operating Revenue
Electric Revenue 67,595,139 4,854,985 15,553,598 67,595,139
Interest 48,318 3,530 13,906 48,318
Other Revenue 3,165,000 340,169 775,960 3,165,000
Operating Revenue Total 70,808,457 5,198,685 16,343,464 70,808,457
Operating Expenditures
CRR Credits (2,000,000) (716,736) (2,342,898) (2,000,000)
Georgetown Utility Systems 17,915,971 2,110,383 5,080,539 17,915,971
Purchased Power 44,000,000 4,915,719 11,495,882 44,000,000
Transfer Out-Interfund Transfers 92,600 - 92,600 92,600
Transfer Out-ROI 5,493,707 372,904 1,264,707 5,493,707
Operating Expenditures Total 65,502,278 6,682,270 15,590,830 65,502,278
Total Net Operations 5,306,179 (1,483,586) 752,634 5,306,179
Non-Operating Revenue
Bond Proceeds 6,537,000 - - 6,537,000
Transfers in 90,981 - 90,981 90,981
Non-Operating Revenue Total 6,627,981 - 90,981 6,627,981
Non-Operating Expenditures
CIP 9,385,000 297,954 2,780,749 9,385,000
Interest Expense 1,697,769 - - 1,697,769
Debt Issuance Cost 15,000 - - 15,000
Debt Service 2,539,258 - - 2,539,258
Non-Operating Expenditures Total 13,637,027 297,954 2,780,749 13,637,027
Total Net Non-Operations (7,009,046) (297,954) (2,689,768) (7,009,046)
EXCESS (DEFICIANCY) OF TOTAL REVENUE OVER TOTAL REQUIREMENTS (1,702,867) (1,781,540) (1,937,134) (1,702,867)
ENDING FUND BALANCE 10,625,903 10,625,903
Contingency 5,125,000 5,125,000
Rate Stabilization 5,500,000 5,500,000
AVAILABLE FUND BALANCE 902 902
Year-End Projection to Approved: Dec FY2018
Electric Fund
7
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APRROVED BUDGET CURRENT PERIOD
YEAR TO DATE
(W/ENCUMB) YEAR-END PROJECTION
BEGINNING FUND BALANCE 14,440,717 14,440,717
Operating Revenue
Capital Recovery Fee 6,672,500 1,080,085 2,606,743 6,672,500
Interest 192,385 75,500 245,269 192,385
Irrigation Utility Revenue 225,000 15,856 76,371 225,000
Other Revenue 2,176,250 372,154 1,611,744 2,176,250
Raw Water Revenue 178,500 11,501 23,942 178,500
Transfer In, Debt 116,613 - - 116,613
Wastewater Utility Revenue 10,850,000 884,617 2,691,970 10,850,000
Water Utility Revenue 27,748,195 1,957,754 6,901,982 27,748,195
Operating Revenue Total 48,159,443 4,397,466 14,158,021 48,159,443
Operating Expenditures
Irrigation 204,300 7,088 35,549 204,300
Transfer Out, Fleet/Joint Service 62,000 - 62,000 62,000
Transfer Out, General 425,000 68,750 68,750 425,000
Transfer Out, ROI 2,686,505 168,137 712,674 2,686,505
Transfer Out, Utilities 90,981 - 90,981 90,981
Wastewater Distribution 613,000 21,491 289,452 613,000
Wastewater Plant Management 2,437,025 168,297 1,094,576 2,437,025
Water Administration 17,147,063 994,403 6,067,478 17,147,063
Water Distribution 2,723,300 111,484 573,951 2,723,300
Water Operations 3,769,545 450,372 1,033,606 3,769,545
Water Plant Management 2,548,726 171,967 658,091 2,548,726
Operating Expenditures Total 32,707,445 2,161,989 10,687,108 32,707,445
Total Net Operations 15,451,998 2,235,477 3,470,913 15,451,998
Non-Operating Revenue
Bond Proceeds - - - -
Non-Operating Revenue Total - - - -
Non-Operating Expenditures
CIP 90 11,650,000 775,145 6,883,399 11,650,000
CIP 91 - - - -
Debt Service 5,344,535 - - 5,344,535
Non-Operating Expenditures Total 16,994,535 775,145 6,883,399 16,994,535
Total Net Non-Operations (16,994,535) (775,145) (6,883,399) (16,994,535)
EXCESS (DEFICIANCY) OF TOTAL REVENUE OVER TOTAL
REQUIREMENTS (1,542,537) 1,460,332 (3,412,486) (1,542,537)
ENDING FUND BALANCE 12,898,180 12,898,180
Contingency 6,000,000 6,000,000
AVAILABLE FUND BALANCE 6,898,180 6,898,180
Year-End Projection to Approved: Dec FY2018
Water Fund
8
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APRROVED BUDGET CURRENT PERIOD
YEAR TO DATE
(W/ENCUMB)
YEAR-END
PROJECTION
BEGINNING FUND BALANCE 302,565 302,565
Revenue
Administrative Charges 8,966 747 2,241 8,966
GEDCO Admin/Contract Fee 221,328 18,444 55,332 221,328
GTEC Admin/Contract Fee 166,882 13,907 41,721 166,882
Interest 10,000 778 3,410 10,000
Other 26,774 43,113 135,502 26,774
Service Fees - Airport 131,785 10,982 32,946 131,785
Service Fees - Conservation 100,350 8,363 25,089 100,350
Service Fees - Electric 4,233,598 352,800 1,058,400 4,233,598
Service Fees - General 3,345,567 278,797 836,391 3,345,567
Service Fees - Stormwater 938,969 78,247 234,741 938,969
Service Fees - Water 7,248,183 604,015 1,812,045 7,248,183
Transfer In 5,000 - - 5,000
Revenue Total 16,437,402 1,410,193 4,237,818 16,437,402
Expense
Accounting 956,503 102,936 242,197 956,503
City Wide HR 415,400 17,550 81,570 415,400
Conservation 982,774 54,533 143,572 982,774
Customer Care 4,054,593 381,658 975,360 4,054,593
Economic Development 596,092 56,969 152,560 596,092
Engineering 2,143,112 213,061 487,076 2,143,112
Engineering Support 1,069,289 92,397 228,395 1,069,289
Finance Administration 1,113,042 91,875 489,892 1,113,042
Gus Administration 1,469,912 144,020 347,947 1,469,912
Human Resources 949,739 86,372 223,177 949,739
In-House Legal 913,277 77,874 167,985 913,277
Management Services Contracts 705,000 10,153 540,339 705,000
Joint Svcs Con 569,000 71,691 213,629 569,000
Purchasing 734,434 87,393 186,521 734,434
Transfer Out 67,800 - 30,800 67,800
Expense Total 16,739,967 1,488,482 4,511,020 16,739,967
EXCESS (DEFICIANCY) OF TOTAL REVENUE OVER TOTAL
REQUIREMENTS (302,565)(78,290)(273,202)(302,565)
AVAILABLE FUND BALANCE 0 0
Year-End Projection to Approved: Dec FY2018
Joint Services Fund
9
Page 91 of 169
APRROVED BUDGET CURRENT PERIOD
YEAR TO DATE
(W/ENCUMB)
YEAR-END
PROJECTION
BEGINNING FUND BALANCE 300,473 300,473
Revenue
Interest 2,000 734 2,555 2,000
Transfer In, General Fund 1,000,000 - 1,000,000 1,000,000
Revenue Total 1,002,000 734 1,002,555 1,002,000
Expense
Transfer Out, GCP - - - -
Transfer Out, General Fund - - - -
Transfer Out, ISF - - - -
Transfer Out, Joint Services - - - -
Expense Total - - - -
EXCESS (DEFICIANCY) OF TOTAL REVENUE OVER TOTAL REQUIREMENTS 1,002,000 734 1,002,555 1,002,000
ENDING FUND BALANCE 1,302,473 1,302,473
Year-End Projection to Approved: Dec 2017
Council Discretionary Fund
10
Page 92 of 169
APRROVED BUDGET CURRENT PERIOD
YEAR TO DATE
(W/ENCUMB)
YEAR-END
PROJECTION
BEGINNING FUND BALANCE 690,201 690,201
Revenue
Hotel/Motel Occupancy Tax Revenues 1,200,000 182,527 359,246 1,200,000
Interest 1,500 475 1,805 1,500
Other 12,000 2,581 5,275 12,000
Poppy Festival 109,400 8,713 9,077 109,400
Revenue Total 1,322,900 194,296 375,403 1,322,900
Expense
Operations 551,381 31,291 211,630 513,406
Personnel 361,237 43,859 95,992 359,874
Poppy Festival 136,200 24 44 136,200
Transfer to Facilities 49,565 4,130 12,390 49,565
Transfer to Fleet 5,090 424 1,272 5,090
Transfer to General Fund 10,200 - 10,200 10,200
Transfer to Information Technology 24,806 2,067 6,201 24,806
Expense Total 1,138,479 81,795 337,729 1,138,479
EXCESS (DEFICIANCY) OF TOTAL REVENUE OVER TOTAL REQUIREMENTS 184,421 112,501 37,674 184,421
ENDING FUND BALANCE 874,622 874,622
Contingency 187,147 187,147
Reserved for Capital 687,474 687,474
AVAILABLE FUND BALANCE - -
Year-End Projection to Approved: Dec FY2018
Convention & Visitors Bureau Fund
11
Page 93 of 169
APRROVED BUDGET CURRENT PERIOD
YEAR TO DATE
(W/ENCUMB)
YEAR-END
PROJECTION
BEGINNING FUND BALANCE (501,205) (501,205)
Revenue
TASPP Revenue - - - -
EMS Revenue 2,510,662 186,430 569,858 2,510,662
Franchise Fees 20,000 - 4,000 20,000
Transfer In 44,870 3,739 11,217 44,870
Revenue Total 2,575,532 190,169 585,075 2,575,532
Expense
O&M 526,552 43,877 201,565 526,552
Personnel 1,548,812 253,491 573,334 1,548,812
Expense Total 2,075,364 297,368 774,899 2,075,364
EXCESS (DEFICIANCY) OF TOTAL REVENUE OVER TOTAL REQUIREMENTS 500,168 (107,198) (189,824) 500,168
AVAILABLE FUND BALANCE (1,037) (1,037)
Year-End Projection to Approved: Dec FY2018
Paramedic Fund
12
Page 94 of 169
APPROVED BUDGET CURRENT PERIOD
YEAR YO DATE
(W/ENCUMB) YEAR-END PROJECTION
BEGINNING FUND BALANCE 436,734 436,734
Operating Revenue
Fuel and Terminal Sales 2,794,919 190,750 661,612 2,794,919
Interest and Other 65,600 2,333 14,914 65,600
Leases and Rentals 882,484 72,511 216,882 882,484
Operating Revenue Total 3,743,003 265,594 893,408 3,743,003
Operating Expenditures
Debt Service 125,850 - - 125,850
Operations-Fuel 2,300,000 147,921 2,200,287 2,300,000
Operations-Non Fuel 663,754 44,362 159,044 663,754
Personnel 375,920 41,832 95,629 375,920
Transfers Out 53,500 - 53,500 53,500
Operating Expenditures Total 3,519,024 234,115 2,508,461 3,519,024
TOTAL NET OPERATIONS 223,979 31,479 (1,615,053) 223,979
Non-Operating Revenue
Bond Proceeds 150,000 150,000
Grants 35,000 - - 35,000
Non-Operating Revenue Total 185,000 - - 185,000
Non-Operating Expenditures
Airport Master Plan - - 144 -
Airport Ramp 15,000 - - 15,000
Edge Lighting 150,000 - - 150,000
Hangar Upgrades 33,000 - - 33,000
Pavement Upgrades 40,000 - - 40,000
Runway Rehab 16,500 - - 16,500
Taxiway Edge Lighting - - - -
Wildfire Management 25,500 - - 25,500
Wildlife Hazard Management - - - -
Non-Operating Expenditure Total 280,000 - 144 280,000
TOTAL NET NON-OPERATIONS (95,000) - (144) (95,000)
EXCESS (DEFICIENCY) OF TOTAL REVENUE OVER TOTAL
REQUIREMENTS 128,979 31,479 (1,615,196) 128,979
RESERVES
Contingency 213,158 213,158
Reserves Total 213,158 213,158
AVAILABLE FUND BALANCE 352,555 352,555
Airport Operations Fund
Year End Projection to Approved as of December 2017
13
Page 95 of 169
APPROVED BUDGET CURRENT PERIOD
YEAR YO DATE
(W/ENCUMB) YEAR‐END PROJECTION
BEGINNING FUND BALANCE 9,788,621 9,788,621
Operating Revenue
Sales Tax 6,575,000 473,964 518,965 6,575,000
PID Assessments 553,201 ‐‐ 553,201
Interest 127,000 ‐42,908 127,000
Operating Revenue Total 7,255,201 473,964 561,874 7,255,201
Operating Expenditure ‐
Administrative Support 364,814 ‐60,552 364,814
Operating Expenditure Total 364,814 ‐60,552 364,814
TOTAL NET OPERATIONS 6,890,387 473,964 501,322 6,890,387
Non‐Operating Expenditure
Pecan Center Dr to Airport Rd (FY15)‐‐195,573 ‐
Rivery TIA Improvements ‐834 872 ‐
Rivery‐Extension Williams Dr to NW Blvd (FY16)‐177 22,297 ‐
SH 29 to RM 2243 SW Bypass ‐1,298 204,738 ‐
FM1460 Widening ‐‐121 ‐
Mays St ‐6,845 245,639 ‐
Tamiro Improvements 410,000 ‐‐ 410,000
Available for Projects TBD 1,643,750 ‐‐ 1,643,750
Debt Service 3,330,135 ‐‐ 3,330,135
Non‐Operating Expenditure Total 5,383,885 9,154 669,241 5,383,885
TOTAL NET NON‐OPERATIONS (5,383,885)(9,154)(669,241) (5,383,885)
EXCESS (DEFICIENCY) OF TOTAL REVENUE OVER TOTAL
REQUIREMENTS 1,506,502 464,810 (167,919) 1,506,502
ENDING FUND BALANCE 11,295,123 11,295,123
RESERVES
Contingency 1,643,750 1,643,750
Reserved Bond Proceeds 4,150,000 4,150,000
Reserves Total 5,793,750 5,793,750
AVAILABLE FUND BALANCE 5,501,373 5,501,373
Georgetown Transportation Enhancement Corporation Fund
Year End Projection to Approved as of December 2017
14Page 96 of 169
APPROVED BUDGET CURRENT PERIOD
YEAR YO DATE
(W/ENCUMB)
YEAR-END
PROJECTION
BEGINNING FUND BALANCE 5,902,863 5,902,863
OPERATING REVENUES -
Interest 25,400 6,730 18,189 25,400
Lease Revenue (Grape Creek)24,000 4,000 16,000 24,000
Miscellaneous Revenue 61,100 10,991 10,991 61,100
Sales Tax 1,643,750 118,491 129,741 1,643,750
OPERATING REVENUES Total 1,754,250 140,212 174,921 1,754,250
OPERATING EXPENDITURES -
Debt Service 116,613 - - 116,613
Interest Expense 87,569 - - 87,569
Joint Services Allocation 221,328 18,444 55,332 221,328
Miscellaneous Expense 11,108 10,991 10,991 11,108
Principal Reduction 125,000 - - 125,000
Promotional & Marketing Program 81,000 1,050 7,172 81,000
Special Services 27,500 - 5,000 27,500
Supplies 300 - - 300
Travel & Training 1,500 - - 1,500
OPERATING EXPENDITURES Total 671,918 30,485 78,495 671,918
TOTAL NET OPERATIONS 1,082,332 109,727 96,426 1,082,332
NON-OPERATING EXPENDITURES -
Catalyst 36,000 2,833 30,172 36,000
DisperSol 60,000 - - 60,000
Economic Development Projects -Undetermined 6,338,518 - - 6,338,518
Texas Life Sciences 139,740 139,740 139,740 139,740
NON-OPERATING EXPENDITURES Total 6,574,258 142,573 169,912 6,574,258
TOTAL NET NON-OPERATIONS (6,574,258) (142,573) (169,912) (6,574,258)
EXCESS (DEFICIENCY) OF TOTAL REVENUE OVER TOTAL
REQUIREMENTS (5,491,926) (32,846) (73,486) (5,491,926)
ENDING FUND BALANCE 410,938 410,938
RESERVES
Contingency 410,938 410,938
RESERVES Total 410,938 - - 410,938
AVAILABLE FUND BALANCE - -
Georgetown Economic Development Corporation Fund
Year End Projection to Approved as of December 2017
15
Page 97 of 169
CITY
QUARTERLY INVESTMENT REPORT
For the Quarter Ended
December 31, 2017
Prepared by
Valley View Consulting, L.L.C.
The investment portfolio of the City of Georgetown is in compliance with the Public Funds Investment Act and the
Investment Policy and Strategies.
________________________________________________________________________
Elaine Wilson Leigh Wallace
Controller Finance Director
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.
16Page 98 of 169
Summary
Quarter End Results by Investment Category:
Asset Type Book Value Market Value Ave. Yield Book Value Market Value
Demand Accounts 13,874,086$ 13,874,086 0.37% 12,663,029$ 12,663,029$
NOW/MMA 45,875,729 45,875,729 1.58% 58,104,096 58,104,096
Pools 61,661,393 61,661,393 1.18% 57,759,813 57,759,813
CDs/Securities 36,808,988 36,808,988 1.37% 37,358,724 37,358,724
Totals 158,220,196$ 158,220,196$ 165,885,663$ 165,885,663$
Quarter End Average Yield (1)Fiscal Year-to-Date Average Yield (2)
Total Portfolio 1.30%Total Portfolio 1.30%
Rolling Three Mo. Treas. Yield 1.23%Rolling Three Mo. Treas. Yield 1.23%
Rolling Six Mo. Treas. Yield 1.26%Rolling Six Mo. Treas. Yield 1.26%
Quarterly TexPool Yield 1.18%
13,585$
Interest income provided in separate report.13,585$
September 30, 2017
(1) 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.
(2) Fiscal Year-to-Date Average Yields 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
December 31, 2017
Valley View Consulting, L.L.C.
17Page 99 of 169
Economic Overview 12/31/2017
The Federal Open Market Committee (FOMC) increased the Fed Funds target range to 1.25% - 1.50% (Effective Fed Funds are trading +/-1.41%) at the Dec FOMC meeting. Two to three
additional increases are projected for 2018 (although subject to economic activity). Gradual portfolio reduction continues by limiting reinvestment of maturing holdings. Third Quarter 2017 GDP
measured 3.2%. December Non Farm Payroll data recorded a weaker than expected +148k. US economic data continues positive trend. Washington passed an extensive tax cut. Crude oil
trading +/-$60 on Middle Eastern turmoil. The Stock Markets once again achieved new highs. Jerome Powell will replace Fed Chair Janet Yellen.
0
250
500
750
1,000
1,250
1,500
1,750
2,000
2,250
2,500
2,750
3,000 S&P 500
0.00
0.50
1.00
1.50
2.00
2.50
3.00 US Treasury Historical Yields - Since Nov 2015
Six Month T-Bill Two Year T-Note Ten Year T-Note
0.00
0.50
1.00
1.50
2.00
2.50
3.00 Treasury Yield Curves
December 31, 2016 September 30, 2017 December 31, 2017
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
4.50
5.00
5.50 US Treasury Historical Yields - Since 2006
Six Month T-Bill Two Year T-Note Ten Year T-Note
Valley View Consulting, L.L.C.18Page 100 of 169
City - Investment Holdings
Coupon/ Maturity Settlement Face Amount/ Book Market Market Life
Description Ratings Discount Date Date Par Value Value Price Value (Day) Yield
JPMorgan Chase Cash (3)0.37% 01/01/18 12/31/17 12,663,029$ 12,663,029$ 1.00 12,663,029$ 1 0.37%
Green Bank MMA 1.32% 01/01/18 12/31/17 8,039,817 8,039,817 1.00 8,039,817 1 1.32%
NexBank MMA 1.62% 01/01/18 12/31/17 50,064,279 50,064,279 1.00 50,064,279 1 1.62%
TexPool AAAm 1.18% 01/01/18 12/31/17 15,231,860 15,231,860 1.00 15,231,860 1 1.18%
TexSTAR AAAm 1.18% 01/01/18 12/31/17 42,527,954 42,527,954 1.00 42,527,954 1 1.18%
Lubbock National Bank CD 1.20% 02/23/18 02/23/17 6,060,038 6,060,038 100.00 6,060,038 54 1.20%
LegacyTexas Bank CD 1.20% 03/09/18 03/09/17 5,045,388 5,045,388 100.00 5,045,388 68 1.20%
Southside Bank CD 1.22% 06/01/18 05/09/17 3,521,559 3,521,559 100.00 3,521,559 152 1.22%
Southside Bank CD 1.25% 08/01/18 05/09/17 5,031,556 5,031,556 100.00 5,031,556 213 1.25%
Southside Bank CD 1.60% 11/06/18 11/06/17 4,000,000 4,000,000 100.00 4,000,000 310 1.60%
Southside Bank CD 1.60% 11/19/18 11/17/17 3,079,386 3,079,386 100.00 3,079,386 323 1.60%
Lubbock National Bank CD 1.50% 01/03/19 01/03/17 3,041,436 3,041,436 100.00 3,041,436 368 1.50%
R Bank CD 1.50% 02/21/19 02/21/17 6,067,239 6,067,239 100.00 6,067,239 417 1.50%
Independent Bank CD 1.60% 03/01/19 05/09/17 1,512,123 1,512,123 100.00 1,512,123 425 1.60%
165,885,663$ 165,885,663$ 165,885,663$541.30%
(1) (2)
December 31, 2017
(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 ad visory fees are not
considered. The yield for the reporting month is used for bank accounts, pools, and money market funds.
(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.
(3) Earnings Credit - The City's depository accounts provide an earnings credit on balances which is used to offset bank fees.
Valley View Consulting, L.L.C.19Page 101 of 169
0–6 Months
86%
6–12 Months
7%
12–18 Months
7%
Current Quarter Maturities
$0
$25,000,000
$50,000,000
$75,000,000
$100,000,000
$125,000,000
$150,000,000
$175,000,000
$200,000,000
03/31/17 06/30/17 09/30/17 12/31/17
Portfolio Balances
Money Market
Local Depository
TexSTAR
TexPool
Certificate of Deposit
166174166
102
69
90
73 75
109104
123
156163
97108
87
51
67
49 41
91
73 61 54
0
50
100
150
200
#
o
f
D
a
y
s
Weighted Average to Maturity
JPMorgan Chase
8%
Southside
Bank
9%
Green Bank
5%
NexBank
30%TexPool
9%
TexSTAR
26%
Independent
Bank
1%
Rbank
4%
LegacyTexas
Bank
3%
Lubbock National
Bank
5%
Portfolio Holdings by Issuer
Valley View Consulting, L.L.C.20Page 102 of 169
City - Book and Market Value Comparison
Coupon/ Maturity Face Amount/Purchases/ Sales/Adjust/ Face Amount/
Description Discount Date Par Value Book Value Adjustments Call/Maturity Par Value Book Value
JPMorgan Chase Cash 0.37% 01/01/18 13,874,086$ 13,874,086$ –$(1,211,056)$ 12,663,029$ 12,663,029$
Green Bank MMA 1.32% 01/01/18 6,484,301 6,484,301 1,555,515 8,039,817 8,039,817
NexBank MMA 1.62% 01/01/18 39,391,427 39,391,427 10,672,852 50,064,279 50,064,279
TexPool 1.18% 01/01/18 5,921,168 5,921,168 9,310,692 15,231,860 15,231,860
TexSTAR 1.18% 01/01/18 55,740,226 55,740,226 (13,212,272) 42,527,954 42,527,954
Lubbock National Bank CD 1.00% 10/02/17 2,026,908 2,026,908 (2,026,908)– –
Green Bank CD 0.81% 11/03/17 1,530,323 1,530,323 (1,530,323)– –
Southside Bank CD 0.92% 11/17/17 3,072,339 3,072,339 (3,072,339)– –
Lubbock National Bank CD 1.20%02/23/18 6,041,944 6,041,944 18,094 6,060,038 6,060,038
LegacyTexas Bank CD 1.20%03/09/18 5,030,323 5,030,323 15,065 5,045,388 5,045,388
Southside Bank CD 1.22%06/01/18 3,510,763 3,510,763 10,796 3,521,559 3,521,559
Southside Bank CD 1.25%08/01/18 5,015,753 5,015,753 15,803 5,031,556 5,031,556
Southside Bank CD 1.60%11/06/18 – – 4,000,000 4,000,000 4,000,000
Southside Bank CD 1.60%11/19/18 – – 3,079,386 3,079,386 3,079,386
Lubbock National Bank CD 1.50%01/03/19 3,030,090 3,030,090 11,346 3,041,436 3,041,436
R Bank CD 1.50%02/21/19 6,044,496 6,044,496 22,743 6,067,239 6,067,239
Independent Bank CD 1.60%03/01/19 1,506,049 1,506,049 6,074 1,512,123 1,512,123
TOTAL 158,220,196$ 158,220,196$ 28,718,365$ (21,052,898)$ 165,885,663$ 165,885,663$
September 30, 2017 December 31, 2017
Valley View Consulting, L.L.C.21Page 103 of 169
City - Allocation
Investment Total Consolidated
2013 GO-
Parks/Public
Safety
2014 CO-
Downtown
Parks
2014
Revenue
Electric
2014 Revenue
Water WW Debt Service
Police
Restricted
Seizure
JPMorgan Chase Cash 12,663,029$ 12,663,029$ –$ –$ –$ –$ –$ –$
Green Bank MMA 8,039,817 8,039,817
NexBank MMA 50,064,279 12,962,926
TexPool 15,231,860 15,231,860
TexSTAR 42,527,954 5,314,906 401,937 174,887 588,856 3,628,360 2,711,919 -
Lubbock National Bank CD 02/23/18 6,060,038 6,060,038
LegacyTexas Bank CD 03/09/18 5,045,388 5,045,388
Southside Bank CD 06/01/18 3,521,559 3,521,559
Southside Bank CD 08/01/18 5,031,556 5,031,556
Southside Bank CD 11/06/18 4,000,000 4,000,000
Southside Bank CD 11/19/18 3,079,386 3,079,386
Lubbock National Bank CD 01/03/19 3,041,436 3,041,436
R Bank CD 02/21/19 6,067,239 6,067,239
Independent Bank CD 03/01/19 1,512,123 1,512,123
Totals 165,885,663$ 91,571,262$ 401,937$ 174,887$ 588,856$ 3,628,360$ 2,711,919$ –$
Book and Market Value
December 31, 2017
Valley View Consulting, L.L.C.
22Page 104 of 169
City - Allocation
JPMorgan Chase Cash
Green Bank MMA
NexBank MMA
TexPool
TexSTAR
Lubbock National Bank CD 02/23/18
LegacyTexas Bank CD 03/09/18
Southside Bank CD 06/01/18
Southside Bank CD 08/01/18
Southside Bank CD 11/06/18
Southside Bank CD 11/19/18
Lubbock National Bank CD 01/03/19
R Bank CD 02/21/19
Independent Bank CD 03/01/19
Totals
Book and Market Value
December 31, 2017
(Continued)
Utility Debt
Service
2015 CO-
Airport
2015 CO-
Parks/Streets/
Vehicles
2015 CO-
Stormwater
2015 CO-
Water
2015 GO-
Roads
2015A GO-
Roads
2015A GO-
Parks
–$ –$ –$ –$ –$ –$ –$ –$
68,452 29,960 986,915 1,435,831 13,923 4,190,257 74,278 819,765
68,452$ 29,960$ 986,915$ 1,435,831$ 13,923$ 4,190,257$ 74,278$ 819,765$
Valley View Consulting, L.L.C.
23Page 105 of 169
City - Allocation
JPMorgan Chase Cash
Green Bank MMA
NexBank MMA
TexPool
TexSTAR
Lubbock National Bank CD 02/23/18
LegacyTexas Bank CD 03/09/18
Southside Bank CD 06/01/18
Southside Bank CD 08/01/18
Southside Bank CD 11/06/18
Southside Bank CD 11/19/18
Lubbock National Bank CD 01/03/19
R Bank CD 02/21/19
Independent Bank CD 03/01/19
Totals
Book and Market Value
December 31, 2017
(Continued)
2015 Revenue
Electric
2015 Revenue
Water WW
2016 CO-
Rivery TIRZ
2016 CO-
Streets/
Facilities/
Equip
2016 GO
Bonds
2016 GO-
Parks
2016 GO-
Roads
2016 Revenue
Electric
–$ –$ –$ –$ –$ –$ –$ –$
4,065,519
4,108,952 4,179 1,063,458 1,024,920 -
–$ 4,108,952$ 4,179$ 1,063,458$ –$ –$ 5,090,439$ –$
Valley View Consulting, L.L.C.
24Page 106 of 169
City - Allocation
JPMorgan Chase Cash
Green Bank MMA
NexBank MMA
TexPool
TexSTAR
Lubbock National Bank CD 02/23/18
LegacyTexas Bank CD 03/09/18
Southside Bank CD 06/01/18
Southside Bank CD 08/01/18
Southside Bank CD 11/06/18
Southside Bank CD 11/19/18
Lubbock National Bank CD 01/03/19
R Bank CD 02/21/19
Independent Bank CD 03/01/19
Totals
Book and Market Value
December 31, 2017
(Continued)
2016 Revenue
Water/WW
Garey Park
Donation
2017 CO
Facilities/ Public
Safety/
Equipment
2017 GO-
Parks
2017 GO-
Sidewalks
2017 Revenue
Electric
2017 Revenue
Water WW
–$ –$ –$ –$ –$ –$ –$
2,032,771 5,540,032 4,011,110 1,591,485 1,981,187 17,879,248
4,918,098 5,057,701 2,770,795 365,725 352,260 238,438 2,183,183
6,950,869$ 5,057,701$ 8,310,827$ 4,376,835$ 1,943,745$ 2,219,625$ 20,062,430$
Valley View Consulting, L.L.C.
25Page 107 of 169
City - Allocation
Investment Total Consolidated
2013 GO-
Parks/Public
Safety
2014 CO-
Downtown
Parks
2014
Revenue
Electric
2014 Revenue
Water WW Debt Service
Police
Restricted
Seizure
JPMorgan Chase Cash 13,874,086$ 13,874,086$ –$ –$ –$ –$ –$ –$
Green Bank MMA 6,484,301 6,484,301
NexBank MMA 39,391,427 929,681
TexPool 5,921,168 5,921,168
TexSTAR 55,740,226 16,926,814 400,826 187,517 587,229 3,737,341 2,950,635 1,402
Lubbock National Bank CD 10/02/17 2,026,908
Green Bank CD 11/03/17 1,530,323 1,530,323
Southside Bank CD 11/17/17 3,072,339 3,072,339
Lubbock National Bank CD 02/23/18 6,041,944 6,041,944
LegacyTexas Bank CD 03/09/18 5,030,323 5,030,323
Southside Bank CD 06/01/18 3,510,763 3,510,763
Southside Bank CD 08/01/18 5,015,753 5,015,753
Lubbock National Bank CD 01/03/19 3,030,090 3,030,090
R Bank CD 02/21/19 6,044,496 6,044,496
Independent Bank CD 03/01/19 1,506,049 1,506,049
Totals 158,220,196$ 78,918,130$ 400,826$ 187,517$ 587,229$ 3,737,341$ 2,950,635$ 1,402$
September 30, 2017
Book and Market Value
Valley View Consulting, L.L.C.
26Page 108 of 169
City - Allocation
JPMorgan Chase Cash
Green Bank MMA
NexBank MMA
TexPool
TexSTAR
Lubbock National Bank CD 10/02/17
Green Bank CD 11/03/17
Southside Bank CD 11/17/17
Lubbock National Bank CD 02/23/18
LegacyTexas Bank CD 03/09/18
Southside Bank CD 06/01/18
Southside Bank CD 08/01/18
Lubbock National Bank CD 01/03/19
R Bank CD 02/21/19
Independent Bank CD 03/01/19
Totals
September 30, 2017
Book and Market Value
(Continued)
Utility Debt
Service
2015 CO-
Airport
2015 CO-
Parks/Streets/
Vehicles
2015 CO-
Stormwater
2015 CO-
Water
2015 GO-
Roads
2015A GO-
Roads
2015A GO-
Parks
–$ –$ –$ –$ –$ –$ –$ –$
68,263 29,877 984,188 1,431,863 13,884 4,184,603 74,073 946,835
68,263$ 29,877$ 984,188$ 1,431,863$ 13,884$ 4,184,603$ 74,073$ 946,835$
Valley View Consulting, L.L.C.
27Page 109 of 169
City - Allocation
JPMorgan Chase Cash
Green Bank MMA
NexBank MMA
TexPool
TexSTAR
Lubbock National Bank CD 10/02/17
Green Bank CD 11/03/17
Southside Bank CD 11/17/17
Lubbock National Bank CD 02/23/18
LegacyTexas Bank CD 03/09/18
Southside Bank CD 06/01/18
Southside Bank CD 08/01/18
Lubbock National Bank CD 01/03/19
R Bank CD 02/21/19
Independent Bank CD 03/01/19
Totals
September 30, 2017
Book and Market Value
(Continued)
2015 Revenue
Electric
2015 Revenue
Water WW
2016 CO-
Rivery TIRZ
2016 CO-
Streets/
Facilities/
Equip
2016 GO
Bonds
2016 GO-
Parks
2016 GO-
Roads
2016 Revenue
Electric
–$ –$ –$ –$ –$ –$ –$ –$
4,051,000
957 4,375,333 4,167 1,073,477 786 331,241 1,236
2,026,908
957$ 4,375,333$ 4,167$ 1,073,477$ 2,026,908$ 786$ 4,382,241$ 1,236$
Valley View Consulting, L.L.C.
28Page 110 of 169
City - Allocation
JPMorgan Chase Cash
Green Bank MMA
NexBank MMA
TexPool
TexSTAR
Lubbock National Bank CD 10/02/17
Green Bank CD 11/03/17
Southside Bank CD 11/17/17
Lubbock National Bank CD 02/23/18
LegacyTexas Bank CD 03/09/18
Southside Bank CD 06/01/18
Southside Bank CD 08/01/18
Lubbock National Bank CD 01/03/19
R Bank CD 02/21/19
Independent Bank CD 03/01/19
Totals
September 30, 2017
Book and Market Value
(Continued)
2016 Revenue
Water/WW
Garey Park
Donation
2017 CO
Facilities/ Public
Safety/
Equipment
2017 GO-
Parks
2017 GO-
Sidewalks
2017 Revenue
Electric
2017 Revenue
Water WW
–$ –$ –$ –$ –$ –$ –$
2,025,509 5,520,248 5,495,155 1,584,661 1,969,786 17,815,387
5,272,717 5,043,726 3,267,803 500,541 507,931 559,762 2,275,199
7,298,226$ 5,043,726$ 8,788,051$ 5,995,697$ 2,092,592$ 2,529,548$ 20,090,586$
Valley View Consulting, L.L.C.
29Page 111 of 169
Valley View Consulting, L.L.C.
0.00
1.00
2.00
3.00
4.00
5.00
6.00
City of Georgetown Historical Yields
Georgetown
TexPool
Rolling 3 mo T-Bill
Rolling 6 mo T-Bill
Rolling 12 mo T-Bill
30Page 112 of 169
Georgetown Transportation Enhancement Corporation (GTEC)
QUARTERLY INVESTMENT REPORT
For the Quarter Ended
December 31, 2017
Prepared by
Valley View Consulting, L.L.C.
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.
________________________________ ________________________________________
Elaine Wilson Leigh Wallace
Controller Finance Director
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.
31Page 113 of 169
Summary
Quarter End Results by Investment Category:
Asset Type Book Value Market Value Ave. Yield Book Value Market Value
Pools/MMAs 14,966,954$ 14,966,954$ 1.35%15,965,405$ 15,965,405$
CDs/Securities 3,075,647 3,075,647 1.59% 3,087,998 3,087,998
Totals 18,042,602$ 18,042,602$ 19,053,403$ 19,053,403$
Quarter End Average Yield (1)Fiscal Year-to-Date Average Yield (2)
Total Portfolio 1.39%Total Portfolio 1.39%
Rolling Three Mo. Treas. Yield 1.23%Rolling Three Mo. Treas. Yield 1.23%
Rolling Six Mo. Treas. Yield 1.26%Rolling Six Mo. Treas. Yield 1.26%
Quarterly TexPool Yield 1.18%
Interest data provided in separate report.
September 30, 2017
(1) 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.
(2) Fiscal Year-to-Date Average Yields calculated using quarter end report yields and adjusted book values and does not reflect a total return
analysis or account for advisory fees.
December 31, 2017
Valley View Consulting, L.L.C.
32Page 114 of 169
Economic Overview 12/31/2017
The Federal Open Market Committee (FOMC) increased the Fed Funds target range to 1.25% - 1.50% (Effective Fed Funds are trading +/-1.41%) at the Dec FOMC meeting. Two to three
additional increases are projected for 2018 (although subject to economic activity). Gradual portfolio reduction continues by limiting reinvestment of maturing holdings. Third Quarter 2017 GDP
measured 3.2%. December Non Farm Payroll data recorded a weaker than expected +148k. US economic data continues positive trend. Washington passed an extensive tax cut. Crude oil
trading +/-$60 on Middle Eastern turmoil. The Stock Markets once again achieved new highs. Jerome Powell will replace Fed Chair Janet Yellen.
0
250
500
750
1,000
1,250
1,500
1,750
2,000
2,250
2,500
2,750
3,000 S&P 500
0.00
0.50
1.00
1.50
2.00
2.50
3.00 US Treasury Historical Yields - Since Nov 2015
Six Month T-Bill Two Year T-Note Ten Year T-Note
0.00
0.50
1.00
1.50
2.00
2.50
3.00 Treasury Yield Curves
December 31, 2016 September 30, 2017 December 31, 2017
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
4.50
5.00
5.50 US Treasury Historical Yields - Since 2006
Six Month T-Bill Two Year T-Note Ten Year T-Note
Valley View Consulting, L.L.C.33Page 115 of 169
Investment Holdings
Coupon/Maturity Settlement Face Amount/Book Market Market Life
Description Ratings Discount Date Date Par Value Value Price Value (Day)Yield
TexPool AAAm 1.18% 01/01/18 12/31/17 4,159,155$ 4,159,155$ 1.00 4,159,155$ 1 1.18%
TexSTAR AAAm 1.18% 01/01/18 12/31/17 3,830,963 3,830,963 1.00 3,830,963 1 1.18%
NexBank MMA 1.62% 01/01/18 12/31/17 5,417,126 5,417,126 1.00 5,417,126 1 1.62%
Green Bank MMA 1.32% 01/01/18 12/31/17 2,558,162 2,558,162 1.00 2,558,162 1 1.32%
R Bank CD 1.59% 09/22/19 08/22/17 3,087,998 3,087,998 100.00 3,087,998 630 1.59%
19,053,403$ 19,053,403$ 19,053,403$ 103 1.39%
(1) (2)
December 31, 2017
(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.
Valley View Consulting, L.L.C.34Page 116 of 169
Pools/MMAs
84%
CDs/Securities
16%
GTEC PORTFOLIO COMPOSITION
$0
$5,000,000
$10,000,000
$15,000,000
$20,000,000
$25,000,000
3/31/17 6/30/2017 9/30/2017 12/31/17
GTEC PORTFOLIO BALANCES
CD
TexPool
TexSTAR
Money Market
Valley View Consulting, L.L.C.
35Page 117 of 169
Book Value Comparison
Coupon/Maturity Face Amount/Purchases/Sales/Adjust/Face Amount/
Description Discount Date Par Value Book Value Adjustments Call/Maturity Par Value Book Value
TexPool 1.18% 01/01/18 3,034,928$ 3,034,928$ 1,124,227$ –$ 4,159,155$ 4,159,155$
TexSTAR 1.18% 01/01/18 3,985,441 3,985,441 (154,478) 3,830,963 3,830,963
NexBank MMA 1.62% 01/01/18 5,397,098 5,397,098 20,027 5,417,126 5,417,126
Green Bank MMA 1.32% 01/01/18 2,549,487 2,549,487 8,675 2,558,162 2,558,162
R Bank CD 1.59% 09/22/19 3,075,647 3,075,647 12,351 3,087,998 3,087,998
TOTAL 18,042,602$ 18,042,602$ 1,165,280$ (154,478)$ 19,053,403$ 19,053,403$
Market Value Comparison
Coupon/Maturity Face Amount/Qtr to Qtr Face Amount/
Description Discount Date Par Value Market Value Change Par Value Market Value
TexPool 1.18% 01/01/18 3,034,928$ 3,034,928$ 1,124,227$ 4,159,155$ 4,159,155$
TexSTAR 1.18% 01/01/18 3,985,441 3,985,441 (154,478) 3,830,963 3,830,963
NexBank MMA 1.62% 01/01/18 5,397,098 5,397,098 20,027 5,417,126 5,417,126
Green Bank MMA 1.32% 01/01/18 2,549,487 2,549,487 8,675 2,558,162 2,558,162
R Bank CD 1.59% 09/22/19 3,075,647 3,075,647 12,351 3,087,998 3,087,998
TOTAL 18,042,602$ 18,042,602$ 1,010,802$ 19,053,403$ 19,053,403$
September 30, 2017 December 31, 2017
September 30, 2017 December 31, 2017
Valley View Consulting, L.L.C.36Page 118 of 169
Georgetown Economic Development Corporation (GEDCO)
QUARTERLY INVESTMENT REPORT
For the Quarter Ended
December 31, 2017
Prepared by
Valley View Consulting, L.L.C.
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.
________________________________________________________________________
Elaine Wilson Leigh Wallace
Controller Finance Director
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.
37Page 119 of 169
Summary
Quarter End Results by Investment Category:
Asset Type Book Value Market Value Ave. Yield Book Value Market Value
MMA 2,020,468$ 2,020,468$ 1.32%2,027,345$ 2,027,345$
Pools 4,060,879 4,060,879 1.19%4,130,073 4,130,073
6,081,347$ 6,081,347$ 6,157,417$ 6,157,417$
Quarter End Average Yield (1)Fiscal Year-to-Date Average Yield (2)
Total Portfolio 1.23%Total Portfolio 1.23%
Rolling Three Mo. Treas. Yield 1.23%Rolling Three Mo. Treas. Yield 1.23%
Rolling Six Mo. Treas. Yield 1.26%Rolling Six Mo. Treas. Yield 1.26%
Quarterly TexPool Yield 1.18%
Interest income provided in separate report.
September 30, 2017
(1) 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.
(2) Fiscal Year-to-Date Average Yields calculated using quarter end report yields and adjusted book values and does not reflect a total return analysis or
account for advisory fees.
December 31, 2017
Valley View Consulting, L.L.C.
38Page 120 of 169
Economic Overview 12/31/2017
The Federal Open Market Committee (FOMC) increased the Fed Funds target range to 1.25% - 1.50% (Effective Fed Funds are trading +/-1.41%) at the Dec FOMC meeting. Two to three
additional increases are projected for 2018 (although subject to economic activity). Gradual portfolio reduction continues by limiting reinvestment of maturing holdings. Third Quarter 2017 GDP
measured 3.2%. December Non Farm Payroll data recorded a weaker than expected +148k. US economic data continues positive trend. Washington passed an extensive tax cut. Crude oil
trading +/-$60 on Middle Eastern turmoil. The Stock Markets once again achieved new highs. Jerome Powell will replace Fed Chair Janet Yellen.
0
250
500
750
1,000
1,250
1,500
1,750
2,000
2,250
2,500
2,750
3,000 S&P 500
0.00
0.50
1.00
1.50
2.00
2.50
3.00 US Treasury Historical Yields - Since Nov 2015
Six Month T-Bill Two Year T-Note Ten Year T-Note
0.00
0.50
1.00
1.50
2.00
2.50
3.00 Treasury Yield Curves
December 31, 2016 September 30, 2017 December 31, 2017
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
4.50
5.00
5.50 US Treasury Historical Yields - Since 2006
Six Month T-Bill Two Year T-Note Ten Year T-Note
Valley View Consulting, L.L.C.39Page 121 of 169
Investment Holdings
Coupon/Maturity Settlement Face Amount/Book Market Market Life
Description Ratings Discount Date Date Par Value Value Price Value (Day)Yield
Green Bank MMA 1.32% 01/01/18 12/31/17 2,027,345$ 2,027,345$ 1.00 2,027,345$ 1 1.32%
TexasDAILY AAAm 1.21% 01/01/18 12/31/17 2,029,538 2,029,538 1.00 2,029,538 1 1.21%
TexSTAR AAAm 1.18% 01/01/18 12/31/17 2,100,535 2,100,535 1.00 2,100,535 1 1.18%
6,157,417$ 6,157,417$ 6,157,417$ 1 1.23%
(1) (2)
December 31, 2017
(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.
Valley View Consulting, L.L.C.40Page 122 of 169
MMA
33%
Pools
67%
GEDCO PORTFOLIO COMPOSITION
$0
$1,000,000
$2,000,000
$3,000,000
$4,000,000
$5,000,000
$6,000,000
$7,000,000
03/31/17 06/30/17 09/30/17 12/31/17
GEDCO PORTFOLIO BALANCES
TexasDAILY
TexSTAR
Money Market
Valley View Consulting, L.L.C.
41Page 123 of 169
Book Value Comparison
Coupon/Maturity Face Amount/Purchases/Sales/Adjust/Face Amount/
Description Discount Date Par Value Book Value Adjustments Call/Maturity Par Value Book Value
Green Bank MMA 1.32% 01/01/18 2,020,468$ 2,020,468$ 6,877$ –$ 2,027,345$ 2,027,345$
TexasDAILY 1.21% 01/01/18 2,023,832 2,023,832 5,706 2,029,538 2,029,538
TexSTAR 1.18% 01/01/18 2,037,048 2,037,048 63,487 2,100,535 2,100,535
TOTAL 6,081,347$ 6,081,347$ 76,070$ –$6,157,417$ 6,157,417$
Market Value Comparison Qtr to Qtr
Change
Green Bank MMA 1.32% 01/01/18 2,020,468$ 2,020,468$ 6,877$ 2,027,345$ 2,027,345$
TexasDAILY 1.21% 01/01/18 2,023,832 2,023,832 5,706 2,029,538 2,029,538
TexSTAR 1.18% 01/01/18 2,037,048 2,037,048 63,487 2,100,535 2,100,535
TOTAL 6,081,347$ 6,081,347$ 76,070$ 6,157,417$ 6,157,417$
September 30, 2017 December 31, 2017
September 30, 2017 December 31, 2017
Valley View Consulting, L.L.C.42Page 124 of 169
Grant Description Grantor Grant Amount Match Status
Fire
GLO Block Grant General Land Office 850,000.00$ -$ Removed from Agenda
Parks
Recreation Trails Texas Parks and Wildlife Department (TPWD)200,000.00$ 40,000.00$ Under TPWD Review
Public Works
CAPCOG Regional Solid Waste Management Grant 8,110.00$ -$ Removed from Agenda
GUS - Electric
Battery Storage Project Department of Energy (DOE)200,000.00$ 50,000.00$ Under DOE Review
Bloomberg Philanthropies 2017 Mayors Challenge 100,000.00$ -$ Under DOE Review
1,358,110.00$ 90,000.00$
CITY OF GEORGETOWN
GRANT APPLICATIONS
as of December 31, 2017
43
Page 125 of 169
Capital Improvement Projects
For the Quarter Ended
December 31, 2017
2017/18 Year to Date Year to Date
Project Budget Expenditures Encumbrances Balance
General Government CIP
Public Safety & Facilities
6CJ GMC Remodel 100,000$ ‐$ ‐$ 100,000$
6CR Public Safety Facility ‐ 13,705 15,238 (28,943) [a]
6DP Fire Station 6 ESD 300,000 ‐ ‐ 300,000
6DA Fire Station 7 2,000,000 13,951 9,700 1,976,349
7AA EOC Siren System ‐ ‐ 18,119 (18,119) [a]
6EW Transfer Station / Landfill ‐ 14,877 (14,877) ‐
6FA ERP Project 2,950,000 24,978 ‐ 2,925,022
229 Animal Svcs Land & Facility 100,000 ‐ ‐ 100,000
230 Radio Replacement 500,000 ‐ ‐ 500,000
Public Safety & Facilities Subtotal 5,950,000 67,511 28,179 5,854,310
Parks CIP
1DX SH29 To Leander Rd SW ‐ 99,672 (99,570) (102) [a]
6CP San Gabriel Park Improvements 3,500,000 312,355 (312,354) 3,500,000
6DO Garey Park ‐ 1,962,862 (1,414,329) (548,533) [a]
6ED Grace Heritage Rehab ‐ 304,004 (301,231) (2,773) [a]
6ES ADA Facilities 150,000 2,637 ‐ 147,363
6ET ADA Parks 150,000 36,076 (36,076) 150,000
6EI Founder's Park ‐ 13,303 7,906 (21,209) [a]
219 Radio Replacement Parks ‐ ‐ ‐ ‐
220 Library Canopy 77,500 ‐ ‐ 77,500
6EZ Aquatics Study ‐ 25,058 (25,058) ‐
221 Katy Crossing Trail 500,000 ‐ ‐ 500,000
Parks CIP Subtotal 4,377,500 2,755,966 (2,180,712) 3,802,245
Downtown & Community Service
6EG Municipal Court / CVB Redesign 190,000 ‐ ‐ 190,000
6EM Downtown West 12,883,883 3,238 10,850,402 2,030,243
6EY Downtown Electrical Projects ‐ ‐ ‐ ‐
9BE Preventative Maintenance ‐ 7,326 (7,326) ‐
6EN Downtown West Signage 125,000 ‐ ‐ 125,000
6ER Downtown Parking Expansion 250,000 ‐ ‐ 250,000
Downtown & Community Service Subtotal 13,448,883 10,564 10,843,076 2,595,243
Total General Government CIP 23,776,383$ 2,834,041$ 8,690,543$ 12,251,798$
NOTES:
[a]Individual projects may go over budget as long as total expenditures
for all CIP projects are within the department's total budget.
44Page 126 of 169
Capital Improvement Projects
For the Quarter Ended
December 31, 2017
2017/18 Year to Date Year to Date
Project Budget Expenditures Encumbrances Balance
Transportation Services CIP
Streets / Transportation
1BU Streets Rehabilitation 7,186$ 7,424$ (239)$ 1$
1BZ 971 @ Austin Ave.3,900,000 ‐ ‐ 3,900,000
1CA SW Bypass Leander to I35 ‐ 8,656 (8,656) ‐
1CC FM 1460 1,950,000 ‐ ‐ 1,950,000
1CE Street Maintenance 3,858,676 8,600 (8,389) 3,858,465
1CF Street Overlay/Microsurfacing ‐ ‐ (1,046,288) 1,046,288
1CJ Austin Avenue Sidewalks ‐ 2,450 (2,380) (70) [a]
1CP Street Rehab 615,814 12,500 506,952 96,362
1CS DB Wood Bridge ‐ 528 (528) ‐
1CU Cutler Process ‐ 368,659 (368,611) (48) [a]
1DI SW Bypass / WR Parkway ‐ 1,955,675 (1,955,675) ‐
1DL Austin Avenue Bridge ‐ 16,331 (16,331) ‐
1EB City Wide Sidewalks 253,000 339,203 (287,974) 201,771
1EF Old Town North East ‐ 3,698 (3,698) ‐
1EG Shell Road Turn Lane Improvement ‐ 12,250 24,720 (36,970) [a]
1EH Northwest Blvd Bridge 10,500,000 ‐ ‐ 10,500,000
1EI Leander Rd ‐ River Ridge SW 1,550,000 ‐ ‐ 1,550,000
1EJ Rock St ‐ 6th to 9th Street 23,000 ‐ ‐ 23,000
1EK Rivery extension 4,500,000 ‐ ‐ 4,500,000
5AL Curb & Gutter ‐ 106,058 (106,058) ‐
6DB McMaster Park ‐ 690 ‐ (690) [a]
Streets / Transportation Subtotal 27,157,676 2,842,722 (3,273,154) 27,588,108
Stormwater
1EC 2017 Drainage Improvements 450,000 24,996 (24,916) 449,920
5AL Curb and Gutter 500,000 20,786 (16,273) 495,487
5AW Regional Flood Study ‐ 92,017 (90,690) (1,327) [a]
209 18th and Hutto Drainage ‐ ‐ ‐ ‐
5AY Village PID Inlet ‐ ‐ ‐ ‐
Stormwater Subtotal 950,000 137,799 (131,879) 944,080
Airport
6VA Airport Master Plan ‐ 144 ‐ (144) [a]
Airport Subtotal ‐ 144 ‐ (144)
Total Transportation Services CIP 28,107,676$ 2,980,665$ (3,405,033)$ 28,532,044$
NOTES:
[a] Individual projects may go over budget as long as total expenditures
for all CIP projects are within the department's total budget.
45Page 127 of 169
Capital Improvement Projects
For the Quarter Ended
December 31, 2017
2017/18 Year to Date Year to Date
Project Budget Expenditures Encumbrances Balance
Water Services CIP
Wastewater Line Upgrades:
2BB Wastewater Master Plan Update ‐$ 89,071$ 238,974$ (328,045)$ [a]
3CJ Berry Creek Interceptor 1,000,000 100,957 1,450,218 (551,175) [a]
208 San Gabriel Inter SGI ‐2 2,500,000 ‐ ‐ 2,500,000
3CO Wolf Lakes Offsite WW ‐ 12,164 (12,164) ‐
Wastewater Line Upgrades Subtotal 3,500,000 202,192 1,677,028 1,620,780
WW Edwards Aquifer Compliance:
3CL EARZ 2015‐2016 ‐ 6,084 (6,084) ‐
3CM EARZ 2016‐17 1,000,000 152,589 257,286 590,125
WW Edwards Aquifer Compliance Subtotal 1,000,000 158,673 251,202 590,125
WW Lift stations & Force Mains
3CC Lift Station Upgrades ‐ ‐ ‐ ‐
3CD Stonehedge LS & FM ‐ 1,971 (1,971) ‐
3CE Westinghouse LS & FM ‐ 448,875 (419,136) (29,739) [a]
3CN Park LS & FM ‐ 42,380 (42,380) ‐
207 San Gabriel Belt Press ‐ ‐ ‐ ‐
WW Lift stations & Force Mains Subtotal ‐ 493,226 (463,487) (29,739)
WW Treatment Plant
3CA Pecan Branch WWTP ‐ 1,057,392 (1,057,336) (56) [a]
WW Treatment Plant Subtotal ‐ 1,057,392 (1,057,336) (56)
Water CIP
2BZ West Loop (H‐1B) Ph. 1 ‐ 71,225 (71,225) ‐
2CE Rabbit Hill EST ‐ 6,385 (6,385) ‐
2CH Cedar Breaks EST ‐ 120,315 (110,982) (9,333) [a]
2CI Shell Road Water Line ‐ 3,215 (3,215) ‐
2CO Majestic Oaks Water Line ‐ 26,544 (26,544) ‐
2CP Sun City 1.5MG Est ‐ ‐ 3,224,000 (3,224,000) [a]
2CQ Water Tank Rehab 480,000 ‐ 417,000 63,000
2CU LWTP Raw Water Intake Rehab ‐ 10,716 (10,716) ‐
2CW LWTP Chemicals ‐ ‐ 89,823 (89,823) [a]
2CX Water Tank Rehab FY18 ‐ ‐ 49,727 (49,727) [a]
51I CIS System ‐ 47,938 (47,938) ‐
2JE CR 255 WD 14‐2 ‐ 15,000 315,831 (330,831) [a]
2JF Domel Improvements ‐ 249,979 (185,267) (64,711) [a]
2JG Braun EST 4,750,000 ‐ 379,083 4,370,917
2BN Southlake WTP 1,000,000 42,279 (42,279) 1,000,000
201 Water ‐ Street Rehabilitation ‐ ‐ ‐ ‐
202 Leander Interconnect ‐ ‐ ‐ ‐
203 West Loop (H‐1A)‐ ‐ ‐ ‐
205 Sequoia Ground Storage Tank ‐ ‐ ‐ ‐
207 Misc. Line upgrades 250,000 ‐ ‐ 250,000
208 Park WTP clearwell 170,000 ‐ ‐ 170,000
209 SW Bypass Water H24‐1 500,000 ‐ ‐ 500,000
210 Water Mains ‐ ‐ ‐ ‐
Water CIP Subtotal 7,150,000 593,596 3,970,913 2,585,491
Total Water Services CIP 11,650,000$ 2,505,078$ 4,378,320$ 4,766,601$
NOTES:
[a] Individual projects may go over budget as long as total expenditures
for all CIP projects are within the department's total budget.
46Page 128 of 169
Capital Improvement Projects
For the Quarter Ended
December 31, 2017
2017/18 Year to Date Year to Date
Project Budget Expenditures Encumbrances Balance
GTEC CIP
51A Economic Development Projects 1,643,750$ ‐$ ‐$ 1,643,750$
5QC Southwest Bypass ‐ 203,440 ‐ (203,440) [a]
5QW Wolf Ranch Pkwy Extension ‐ ‐ ‐ ‐
5QX Northwest Boulevard Bridge ‐ ‐ ‐ ‐
5RI Mays Street (S. Georgetown TIRZ)‐ 248,719 (3,080) (245,639) [a]
5RJ IH 35 / Hwy 29 Intersection Improvements ‐ ‐ ‐ ‐
5RL FM 1460 Widening ‐ ‐ 20 (20) [a]
5RM Rivery Ext (Williams Dr. ‐ Nwest Blvd.)‐ 25,843 (3,448) (22,395) [a]
5RN Pecan Center Dr. / Airport Rd.‐ 199,073 (3,500) (195,573) [a]
5RP Rivery TIA Improvements ‐ 9,859 (8,987) (872) [a]
5RQ Rabbit Hill Road Improvements ‐ 2,230 (2,230) ‐
5RS Tamiro Improvements 410,000 ‐ ‐ 410,000
1CI Williams Dr. Widening ‐ 177 ‐ (177) [a]
1CC FM 1460 Roadway Improvement ‐ 1,577 (1,476) (102) [a]
1DZ SW Bypass / Crush Stone ‐ 1,298 ‐ (1,298) [a]
Total GTEC CIP 2,053,750$ 692,217$ (22,700)$ 1,384,234$
Notes:
[a] Individual projects may go over budget as long as total expenditures
for all CIP projects are within the department's total budget.
47Page 129 of 169
Capital Improvement Projects
For the Quarter Ended
December 31, 2017
2017/18 Year to Date Year to Date
Budget Expenditures Encumbrances Balance
Electric CIP
9‐0580‐90‐047 Austin Ave Sidewalks 100,000 ‐ ‐ 100,000
9‐0580‐90‐139 17th Street Rehab 50,000 ‐ ‐ 50,000
9‐0580‐90‐140 7th Street Rehab 200,000 ‐ ‐ 200,000
9‐0580‐90‐141 Downtown OH Rehab 700,000 ‐ ‐ 700,000
9‐0580‐90‐142 Downtown West 950,000 15,013 127,487 807,500
9‐0580‐90‐143 Shell Road Feeders 450,000 ‐ ‐ 450,000
9‐0580‐90‐144 Pole Relocation 50,000 49 ‐ 49,951
9‐0580‐90‐146 Southwest Bypass Feeder 800,000 3,597 116,403 680,000
9‐0580‐90‐147 West 10th Street Rehab 98,000 ‐ ‐ 98,000
9‐0580‐90‐148 West 11th Street Rehab 200,000 ‐ ‐ 200,000
9‐0580‐90‐255 Downtown urd conversion 200,000 ‐ ‐ 200,000
9‐0580‐90‐256 Geo. East T2 voltage change 50,000 9,636 4,392 35,972
9‐0580‐90‐257 Kathi Ln Urd Convesion 100,000 117,353 ‐ (17,353) [a]
9‐0580‐90‐260 DB Wood (SH29 Intersection)150,000 2,354 20,146 127,500
9‐0580‐90‐261 FM 971 relocation 200,000 ‐ ‐ 200,000
9‐0580‐90‐262 Inner Loop Widening 200,000 ‐ ‐ 200,000
9‐0580‐90‐263 Leander Rd (IH35 intersection)10,000 ‐ ‐ 10,000
9‐0580‐90‐264 Northwest Blvd Widening 100,000 753 14,247 85,000
9‐0580‐90‐265 Rabbit Hill Road Widening 500,000 2,158 72,842 425,000
9‐0580‐90‐266 Rivery Extension 200,000 17,191 12,809 170,000
9‐0580‐90‐267 University (Mays widening)154,000 ‐ ‐ 154,000
9‐0580‐90‐268 Williams Dr. (IH35 Intersection)10,000 ‐ ‐ 10,000
9‐0580‐90‐300 Electrical System Improvement ‐ 2,474 (350) (2,124) [a]
9‐0580‐90‐310 Power Quality Improvements 80,000 109 ‐ 79,891
9‐0580‐90‐320 Sectionalization Improvements 200,000 ‐ ‐ 200,000
9‐0580‐90‐331 Pole Inspections 100,000 ‐ ‐ 100,000
9‐0580‐90‐410 New Development Projects 3,000,000 378,003 1,489,063 1,132,933
9‐0580‐90‐430 Street Lighting 88,000 5,835 15,162 67,004
9‐0580‐90‐500 Consultant Engineering 150,000 24,760 125,240 ‐
9‐0580‐90‐701 Fiber Optic 245,000 7,603 145,767 91,630
9‐0580‐90‐702 Fiber to Signal lights 50,000 1,153 49,066 (219) [a]
Electric CIP Subtotal 9,385,000 588,040 2,192,275 6,604,685
T&D
9‐0585‐90‐021 Communication Equipment ‐ 434 ‐ (434) [a]
T&D Subtotal ‐ 434 ‐ (434)
CIS
9‐0580‐91‐105 CIS system ‐ 53,495 (53,495) ‐
CIS Subtotal ‐ 53,495 (53,495) ‐
Total Electric CIP 9,385,000 641,969 2,138,780 6,604,251
NOTES:
[a] Individual projects may go over budget as long as total expenditures
for all CIP projects are within the department's total budget.
48Page 130 of 169
Unfunded Liability &
Commitments Financial Impact/Notes Status Updates - 9/30/17 Status Updates - 12/31/17
Cemetery Special Revenue
Fund
Currently cemetery operations are self-funded through plot
sales of approximately $50K per year. The cemetery is
managed through Parks Administration. In 2015, Council
elected to reserve $75,000 annually for future costs
associated with maintaining the property. The General Fund
has made this transfer in 2016 and 2017.
Columbarium design is scheduled to be completed in December.
Mowing and maintenance costs compared to perpetual reserve
still needs to be discussed.
The columbarium project bid will open on January 25th.
Construction is expected to begin in the Spring and will last
approximately 60 days.
Unfunded Actuarial Accrued
Liability (UAAL)
Recognizes the outstanding liability for the City’s employee
retirement plan through TMRS. The City contributes monthly
to fund the UAAL, based on an annual percentage of payroll.
Actual % of payroll costs is recognized within each fund. The
UAAL is provided by TMRS and lags one year.
As of 12/30/16, the UAAL was $22M and is considered 83%
funded. The 2018 TMRS total combined contribution rate is 12.54.No change, updated once annually.
Other Post Employee Benefits
(OPEB)
While the City has no obligation to offer additional retiree
benefits, retirees are eligible to participate in the City’s
health insurance program. That ability represents a subsidy
that impacts health insurance costs to the City. Retirees pay
their monthly premiums to the ISF who in turn processes
their health insurance claims.
This is an actuarial calculation based on current and future
employees on future City health insurance costs, and has numerous
and complex factors in its calculation. Retirees pay their own
premiums, and thus the liability is considered “pay as you go”.
With additional employees being added, potential future retiree
impacts increase. The 2016 current net OPEB liability is $972,576
which is an increase of $185,876 over the prior year.
No change. GASB requires updates every other year.
Compensated Absence
Future costs associated with benefits such as vacation, and
sick leave for City employees. Compensated Absence is
accrued annually to each proprietary fund type on a GAAP
basis and accounted for on the balance sheet of each fund.
For governmental funds (and for budgetary basis), the
expense is recognized when due and payable.
The 15% liability target was fully funded in FY 2018 budget. In FY
2017, these funds were used for two long-tenured payouts in
Police and Fire.
No change. GASB requires updates every other year.
Rate Stabilization Reserve
Intended to mitigate potential rate impacts due to increased
fuel costs or other external factors. The RSR is maintained
within the Electric Fund and is budgeted to be $5.5M in
FY2018.
The rate study is funded in the budget. Year-end purchased power
and CIP costs will exceed projections and require a year-end
amendment. Finance and utility staff are partnering on short and
long-term solutions to rebuild the rate stabilization fund.
Currently the Executive Team is evaluating the FY2018 Capital
Improvement Plan, debt issuance program, and other strategies to
improve the cash position of the fund.
Airport Maintenance
Fund on-going maintenance of the Airport grounds, runways
and taxi ways. Terminal and Tower included in Facilities ISF.
An Airport Master Plan was developed to address long term
capital maintenance project prioritization.
The parallel taxiway and fuel storage facility are on schedule. The
current Airport Master Plan effort is ongoing. The Wildlife Hazard
Assessment has begun and will take approximately one year to
complete.
The parallel taxiway and fuel storage facility are almost complete.
Contractor working on punch list items. The current Airport Master
Plan effort has produced a draft Final Plan awaiting consideration by
City, TxDOT and the FAA. The Wildlife Hazard Assessment has begun
and should be completed late 2018.
CITY OF GEORGETOWN
Long-term Commitments, Reservations, and Other Unfunded Liabilities
December 31, 2017
49
Page 131 of 169
Unfunded Liability &
Commitments Financial Impact/Notes Status Updates - 9/30/17 Status Updates - 12/31/17
Americans with Disabilities Act
(ADA) Compliance Needs
As facilities are built or repurposed, meeting ADA compliance
will be included in Project Costs. Funding for program
expansion will be needed (General Fund sources). The City
has an adopted policy, as required by Federal Law, that it will
make reasonable accommodations and modifications to
ensure that people with disabilities have an equal opportunity
to enjoy its programs, services, and activities. The City does
not maintain a reserve for these modifications.
In the fourth quarter, the City continued improvements
throughout the city, including curb ramps, crosswalks, pedestrian-
actuated signal infrastructure (“ped heads”), and sidewalk
extensions/reconstructions. While some of the work has been
completed, the project still has not received Texas Department of
Licensing and Regulation (TDLR) compliance inspection and
reporting by a registered accessibility specialist. This will occur at
the end of all construction activities.
The City finalized 2016/17 CIP improvements throughout the city,
including curb ramps, crosswalks, pedestrian-actuated signal
infrastructure (“ped heads”), and sidewalk
extensions/reconstructions. The project still has not been closed
out, however, the Texas Department of Licensing and Regulation
(TDLR) compliance inspection and reporting by a registered
accessibility specialist has occurred.
Sidewalk Maintenance
Currently, new sidewalks are built as development occurs.
Repairs are funded as needed or if funding is available, when
major roads are repaired. Useful life of a sidewalk is
estimated at 40 to 50 years. The largest revenue source
comes from the City’s General Fund, but there has been
some debt funding as well.
The summer projects are wrapping up. All work along Williams
drive is complete, with revegetation underway. 8th and Rock work
waiting on grates to be complete. Crews have moved to Founders
Park, the final area for this project. Construction and railing is
complete on the IH 35 Sidewalk; final revegetation outstanding.
Ribbon cutting to be scheduled for November.
The current projects are Scenic CDBG and Old Town NE sidewalks.
The Scenic CDBG was presented to and approved by GTAB and
Council. Patin Construction was awarded the contract. The notice
to proceed was issued for 2/1/18. The Old Town NE sidewalk
project has begun. The surveying has been completed and it is
roughly 25% drawn. The project is estimated to go out for bid in 5-8
months. There are 2017 GO bond proceeds to cover the cost of this
project.
Park Equipment Maintenance
& Replacement
Over the past 5 years, funding for Park Maintenance and
Replacement has increased. $200K transfer from General
Fund included in FY2018 budget. Staff has listed all assets &
developed replacement schedule funded by the General
Fund, soon to be on EAM.
Planning for Meadow’s Park renovations are scheduled for this
winter. Renovation to the park includes replacement of play
equipment as well as accessibility improvements. Construction is
scheduled to begin early 2018.
Pavilion renovations and playground replacement are scheduled to
be completed this spring at Meadow’s Park. Additional sidewalk
work will be completed to meet ADA compliance as well. The pool
filters at Williams Drive Pool will be replaced in April.
Emergency Medical Service
Special Revenue Fund
2014/15 Annual Budget assumed EMS Program to be
operationally active by June 2015 with revenues to offset
operating and capital costs. Operating deficit would be
funded internally until capital costs were recovered in 5
years.
As of September 30, year-end revenue is estimated to be $2.52
million, including the accrual of August and September incidents.
This is $0.32 million above the budget amount $2.2 million. Year-
end expenditures are expected to be $2.17 million, $0.1 million
over budget. Staff anticipate bringing forward a revenue neutral
budget amendment. Finance and Fire staff continue to study
trends in calls for service, overtime, and revenue, and are working
on projections for the appropriate timing to add an additional
peak demand unit into service.
Fiscal Year 2017 ending fund balance is $(637,773), a decrease from
2016 ending fund balance of $(909,490). An increase in revenue
collection has dramatically increased the EMS funds overall position,
however, staff estimates it will take several years to bring the fund
back into balance after the start-up capital expenditures. The new
peak unit was approved in a December Budget Amendment, adding
staffing and ambulance costs to the fund.
Major Technology Replacement
(IT Internal Service Fund)
CIS billing to be replaced in 2016, funded by utility funds.
Enterprise Resource Planning System (Finance and HR)
selection consultant funding included in the FY2017 budget.
The FY 18 budget includes $2,700,000 for acquisition of the
new Enterprise Resource Planning system(s). The final price
has not been agreed upon in the bid process.
The FY2018 IT allocation model includes $500K of cash funding for
the annual subscription fees for the new ERP system. This is an
estimate until staff select an actual vendor. The model also
includes $300K of increases to existing software contracts. These
large increases are reflected through the many funds throughout
the City. Passing through these costs is necessary to keep the fund
balance from decreasing.
No changes from prior quarter. Staff are working on FY 2019 costs
and allocations.
50
Page 132 of 169
Unfunded Liability &
Commitments Financial Impact/Notes Status Updates - 9/30/17 Status Updates - 12/31/17
Radio Equipment Replacement
Communication system consisting of 500 on-body and in-
vehicle radios for Police, Fire, and GUS. Replacement radios
are compatible with newer technology.
The 2017 radios are received and being programmed and
deployed. The Emergency Management Coordinator is working on
the procurement of phase II in FY2018. Phase III will be included in
preparations for the FY2019 budget.
No changes from prior quarter.
51
Page 133 of 169
City of Georgetown, Texas
City Council Workshop
February 27, 2018
SUBJECT:
P resentation and discussion o f the draft application to Williamson County for FY 20 18 -19 Community Developme nt
Block Grant (CDBG) funding and discussio n of the City’s HUD entitlement status -- Susan Watkins, Housing Coordinator
and Sofia Nelson, Planning Director
ITEM SUMMARY:
The purpose of this presentation is to present Council an overview of the FY19 application to Williamson County for
Community Development Blo c k Grant (CDBG) funding and the ne xt steps fo r the future of CDBG programs. Staff is
requesting direction on Council’s concurrence with the proposed FY 2019 CDBG application and on any additional
information needed prior to considering CDBG entitlement status. Staff will return in April or May to discuss the
Williamson County agreement and entitlement status.
B ackground
The City of Ge orgetown participates as part of the Williamson County Community Deve lo pment Block Grant Program.
Williamson County was awarded Entitlement Co unty Status by the U.S. Department of Housing and Urban Developme nt
(HUD) in 200 3. As such, the County applies for and administers Community De velopment Block Grant (CDBG) funds to
participating cities and counties. The City of Georgetown currently participate s in the County’s pro gram. The City c an
become an Entitlement City in 20 19 when the Coo peration Agreement with Williamso n County expires and after
completing a Consolidated P lan. As an Entitlement City, the City would be required to se t the program priorities (as
allowed by the program) and handle all administratio n of the funds. Other o rganizations in Georgetown that have applied
through the Co unty would apply for the funds the City receives.
All CDBG funds must be used for projects that meet at least one of the following HUD natio nal objectives:
“Benefit lo w to moderate-income persons (belo w 80% Area Me dian Income). Abused children, elderly pe rso ns,
battered spouses, homeless persons, adults meeting Bureau of Census’ definition of seve rely disabled pe rso ns,
illiterate adults, perso ns living with AIDS, and migrant farm workers qualify as Limited Clientele.”
“Eliminate slums and/or blight.”
“Meet an urge nt co mmunity development ne e d as in disaster relief.”
Additionally, the funds must be used in census tracts where there is a significant portion of the households (47% or
greater) that make 80 % of Area Median Income o r less (Attachment 3 - CDBG Eligible Areas).
Proposed Proje c ts
The request fo r 2 01 8 funds is for the e ngineering and co nstruction of sidewalks and ramps along Maple St. fro m East
University Ave to Quail Valley Drive and o n 17 th Street between Fo rest St. and Railro ad Ave., as identified in the City of
Georgetown Sidewalk Master P lan found online at:
http://georgetowntx.maps.arcgis.com/apps/MapJournal/index.html?appid=f8ab659f07944842b3919fde32023c7f
FINANCIAL IMPACT:
The city is proposing projects fo r up to $8 00 ,000 of the Community Development Block Grant funds. Final award is
based on allocatio n determined by Williamson County.
There is no matching requirement for this grant. Staff will return to Council prio r to acceptance o f funds and execution of
contract.
SUBMITTED BY:
Susan Watkins, AICP, Ho using Coordinator
ATTACHMENT S:
Page 134 of 169
Description
Attachment 1 - C DBG Program F Y19 Wo rks hop Pres entatio n
Attachment 2 - Williams o n County CDBG Ap p lic atio n
Attachment 3 - C DBG Eligib le Areas
Page 135 of 169
Community Development Block
Group (CDBG) Program FY19
February 27, 2018
Page 136 of 169
Purpose
•Overview of FY19 CDBG application
•Next steps for future of CDBG programs
2Page 137 of 169
Agenda
•PART I
–CDBG Overview
•PART II
–Williamson County Application
•PART III
–Entitlement Status
3Page 138 of 169
Direction Requested
•City Council’s concurrence with the
proposed FY 2019 CDBG application
•Direction on any additional information
needed prior to considering CDBG
entitlement status.
4Page 139 of 169
PART I
CDBG Overview
Page 140 of 169
CDBG overview
•Entitlement communities
–Non entitlement communities can be sub-
recipients
•Low to Moderate Income (LMI) areas
–At least 47% of households have incomes at
or below 80% of the area median income
(AMI)
6Page 141 of 169
7Page 142 of 169
CDBG overview
•Eligible activities
–Acquisition of property
–Housing and housing rehabilitation
–Public facilities and improvements
–Homeownership assistance
8Page 143 of 169
Past use of funds
•2013
–$79,400 Wastewater line for Georgetown Project’s
NEST Homeless Teen Center (completed 2014)
–$38,000 Engineering for sidewalks along MLK/3rd
and 2nd Street
•2014
–$160,000 Sidewalk along the south side of E. 2nd
Street from Austin Avenue to College Street
9Page 144 of 169
Past use of funds
•2015
–$87,120 Sidewalk along MLK/3rd Street from Scenic
to Austin
•2016
–$135,500 Scenic Drive Sidewalk
10Page 145 of 169
Past use of funds
11Page 146 of 169
PART II
Williamson County
CDBG Application
Page 147 of 169
•Feb. 2018 –Wilco application released
–02/27/18 Council Workshop
–03/13/18 Council Approval
•April 4, 2018 -Application due to Wilco
•May/June 2018 –Wilco project approval
–June/July 2018 Council Approval
•October 2018 –Funding available
CDBG Application Timeline
13Page 148 of 169
Internal Project Selection
•Eligible tracts
•Master plan implementation
14Page 149 of 169
Project 1 –Old Town Southeast
•In eligible Census tract
•Total project approx. $600K
•Priority 1 for Sidewalk Master Plan
•Connects and provides accessibility to
three GoGeo stops
•Access to Annie Purl Elementary
•Access to San Jose Park
15Page 150 of 169
16Page 151 of 169
17Page 152 of 169
Project 2 –17th St
•In eligible Census tract
•$155-180K
•Near Stone Haven development
•Priority 2 for Sidewalk Master plan
•Connects and provides accessibility to two
GoGeo stops
•Provides access to public park
18Page 153 of 169
19Page 154 of 169
20Page 155 of 169
Staff Recommendation
•Submit both proposed projects
–Eligible areas
–Implementation of master plans
–Connections to schools, parks, GoGeo
Stops
–High pedestrian activity
21Page 156 of 169
PART III
Entitlement Status
Page 157 of 169
Williamson County agreement
•3 year agreement
•Expires September 30, 2019, but renewal
is considered in summer 2018
23Page 158 of 169
Entitlement status
•HUD determines eligibility after federal
budget approval
•HUD notifies eligible recipients –high
likelihood COG will be eligible
•Local office anticipates April 2018
notification
•Direct entitlement would require a year
long process to create necessary plans
24Page 159 of 169
Next steps
•Return in Spring 2018 to discuss
Entitlement status
–If eligible, staff will conduct a cost benefit
analysis
–Other concerns?
•Summer 2018 return for approval to
accept FY19 funds
25Page 160 of 169
Direction Requested
•City Council’s concurrence with the
proposed FY 2019 CDBG application
•Direction on any additional information
needed prior to considering CDBG
entitlement status.
26Page 161 of 169
Williamson County HUD Entitlement Program
WILLIAMSON COUNTY
FY 2018 COMMUNITY DEVELOPMENT BLOCK
GRANT (CDBG) APPLICATION FORM
DO NOT USE THIS APPLICATION FOR SOCIAL SERVICE PROJECT FUNDING REQUESTS
FUNDING FOR FY2018 (OCT. 1, 2018 – SEPT. 30, 2019)
Applicant Organization Name & Contact Information
ORGANIZATION NAME
NAME & TITLE OF CONTACT PERSON
ADDRESS LINE 1
ADDRESS LINE 2
CITY
STATE
ZIP
TELEPHONE NUMBER
FAX NUMBER
EMAIL ADDRESS
Project Information
PROJECT TITLE
PROJECT DESCRIPTION
PROJECT LOCATION/ADDRESS
(attach a map which shows the project site
and defines the service area)
WILL THE PROJECT BE READY
TO BEGIN ON OR ABOUT
OCTOBER 1, 2018?
YES NO
IS THE PROJECT PHASED? NO If YES, please indicate the number of years:
Service Area
Reminder: Attach a map(s) which shows the project site and defines the service area
Estimated Number of Low and Moderate Income Persons, Households or Limited Clientele to be Served
NUMBER OF PERSONS NUMBER OF HOUSEHOLDS
LOW AND MODERATE INCOME
PERSONS, HOUSEHOLDS OR LIMITED
CLIENTELE TO BE SERVED BY PROJECT
YES
Page 162 of 169
Williamson County HUD Entitlement Program
Funding
AMOUNT OF CDBG FUNDS REQUESTED $
TOTAL FUNDS OBTAINED
FROM OTHER RESOURCES $
TOTAL COST OF PROJECT $
Please Identify the Community Need:
Who is going to operate and maintain the facility or program and how will its operation be funded?
If the project requires staff, what are the staff costs?
Page 163 of 169
Williamson County HUD Entitlement Program
CDBG PROJECT BUDGET ESTIMATE
BUDGET CATAGORIES TOTAL PROJECT
COST
CDBG FUNDING SPONSOR
FUNDING
CONTRIBUTIONS STATE/CITY or
FEDERAL FUNDING
OTHER
FUNDING
Professional Services
(Architectural/Engineering)
Construction Services
Property Acquisition
Property Rehabilitation
Equipment Acquisition
Other
(specify in budget narrative)
TOTAL PROJECT
Please note
Funds obligated to the project will be tied to that obligation unless authorized to do otherwise.
CDBG funds do not require leveraged funds.
Page 164 of 169
Williamson County HUD Entitlement Program
BUDGET NARRATIVE
Please describe your project. For example: A 5,200 sq. ft. building with kitchen and two classrooms to be used as a day care center for sixty (60) children.
Authorization
Authorized Signature for Project Title Date
Page 165 of 169
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Eligible Census Block Groups for CDBG Application
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Per centa ge of low to moderate income households in red.
Eligible Block Groups
Georgetown City Limits
Page 166 of 169
City of Georgetown, Texas
City Council Workshop
February 27, 2018
SUBJECT:
Sec. 551.071: Consul tati on w i th Attorney
Advice from attorney abo ut pending or co ntemplated litigation and o ther matters on which the attorney has a duty to
advise the City Council, including agenda items
- TMLIRP Claim Number LB72016
Sec. 551.072: De l i berati o ns about Real P roperty
- Cowan Creek Inte rcepto r - Kylberg
Sec. 551:074: Personnel Matters
City Manager, City Attorney, City Secretary and Municipal Judge: Consideration of the appointment, employme nt,
evaluation, reassignment, duties, discipline, or dismissal
- City Attorney Evaluatio n
- City Secretary Update to Council
ITEM SUMMARY:
FINANCIAL IMPACT:
NA
SUBMITTED BY:
Shelley Nowling, City Secretary
ATTACHMENT S:
Description
Current Volume & Rate S heet
2014 Permit Volume & Rates
Page 167 of 169
Page 168 of 169
Page 169 of 169