HomeMy WebLinkAboutFY 16 - 02 QuarterlyReport_RedactedFINANCIAL REPORT AND INVESTMENT REPORT
For the Quarter Ended March 31, 2016
Table of Contents
Executive Summary ........................................................................................................................................... 1-5
General Fund Revenue & Expense Comparison ................................................................................................. 6
Major Fund Revenue Comparison ....................................................................................................................... 7
Council Discretionary Fund Schedule .................................................................................................................. 8
Quarterly Investment Report - City ................................................................................................................9-21
Quarterly Investment Report - GTEC .......................................................................................................... 22-27
Quarterly Investment Report - GEDCO ....................................................................................................... 28-33
Grant Applications .............................................................................................................................................. 34
Capital Improvement Projects ..................................................................................................................... 35-38
Long-term Commitments and Other Unfunded Liabilities ......................................................................... 39-42
EXECUTIVE SUMMARY
FOR THE QUARTER ENDED March 31, 2016
I. Quarterly Financial Analysis
General Fund Revenues:
General Fund revenues collected for the second quarter of fiscal year 2016 are stronger than the prior year with an 8.1%
increase. The total revenue collected year to date (YTD) for the General Fund is $28.0 million.
Sales tax revenues continue to be higher than projected.
General Fund sales tax revenues for the second quarter of fiscal
year 2016 are 4.5% ahead of the second quarter of fiscal year
2015. The sales tax collections through February totaled $4.4
million, or 42.6% of budget. The growth in sales tax is primarily
driven by increases in our core sectors of retail trade, food, and
information, which are positively impacted by population
growth. It is currently anticipated that fiscal year 2016 sales tax
will exceed the budgeted amount.
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 second quarter of 2016
are up 13.4%, or $1.2 million, from the second quarter of 2015. Our collection rate as of March 2016 is 96.5% compared to
95.6% last March.
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 $0.7 million through the second quarter of 2016, which is a 15.13% decrease from
the second quarter of 2015. 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 $1.1
million and $2.8 million respectively, through the second quarter of the fiscal year. Franchise fee and ROI collections are up
1.2% over this time last year. The electric ROI calculation now
includes a base rate component.
Environmental services revenues are up 9.9% from the second
quarter of March 2015. This increase is related to the growth
in the customer base.
Development related revenue is up 17.3% over the prior year.
Year to date development applications are up 22.8% over last
year.
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Court fine revenues are down by 10.3% from prior year
due to a decrease in the number of court cases by 301
cases or 10.8% from prior year. Park and Recreation
revenues are up 7.7% from the prior year due to
increased Rec Center memberships; 5,560 year to date
compared to 4,864 this time last year. Other revenues
are up 3.2% from the prior year.
Overall, General Fund revenues are ahead of last year’s
revenues. Revenues will be closely monitored over the
upcoming months. Trends will be analyzed to determine
the effect on the 2017 budget cycle.
General Fund Expenditures:
General Fund operating expenditures for the second quarter of fiscal year 2016 are 10.6% higher than prior year, and within
budget. The General Fund is budgeted to have higher expenditures than the prior year due to Public Safety operations,
transportation budgets, new positions, and market and merit increases.
Total salaries and benefit expenditures through the second quarter were $14.6 million or 47.1% of budget. An additional $13.7
million, or 65.6% of budget, was spent on operations. Overall, personnel costs are higher than second quarter 2015 due to the
merit and cost of living adjustment (COLA) increases that went into effect February 2016. Operating expenditure percentages
are high due to charging the annual internal service fees to the departments in the first quarter. In future years the payments
will be divided quarterly to smooth General Fund expenditures.
Downtown and Community Services provides resources for developing downtown, as well as Parks and Recreation, Convention
and Visitors Bureau (CVB), Library, and Public Communications. Year to date expenditures are up 6.8% over second quarter
2015, due in part to increases in internal service fees and higher personnel costs.
Finance and Administration in the General Fund consists of Municipal Court. Expenditures for the second quarter are up 7.7%
compared to last year. Personnel costs are up 5.3% due in part to higher wages and increased health insurance costs.
Operating expenditures are up 15.9% due to higher operating and technology costs.
Total expenditures for Public Safety through the second quarter are 56.4% of budget for a total of $14.2 million. Year to date
operating expenditures increased 19.0% over the prior year due in part to increases in salaries, vacant positions in the prior
year, and internal service fees relating to the new Public Safety Facility and technology.
The Georgetown Utility System Division includes Environmental Services and Inspections. Environmental Services manages
the contract for solid waste collections. Total expenditures through the second quarter were 23.1% higher than prior year due
to higher wages and continued customer growth in solid waste.
Management Services includes City Manager’s Office, City Council, City Secretary, Planning and social service funding. Total
expenditures for the second quarter were $3.2 million and are 0.4% higher than the prior year.
Transportation includes Transportation Administration and Streets. Year to date expenditures have remained relatively flat
from March 2015 to March 2016, with a 0.5% or $8,389 decrease.
Utility Revenues:
Electric revenue through the second quarter of 2016 is up 0.5% compared to the prior year’s second quarter. Tap fee revenues
are down 68.9% from the prior year due to two large fees collected last year for Dispersol Technologies and Wesleyan
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Independent Living. Other revenues are up from the prior year due to a payment received from the City of Round Rock for
$157,500 due to an interlocal agreement for relocation of the utility on University Drive.
Total water revenue is up from the prior year by 8.7%. Water sales are up 15.9% through the second quarter due an increase
in billed customers (increased by 4.67% from March 2015 to March 2016). Tap revenues are driven by the type of development
the City is experiencing. Other revenue is down 13.6% due to large payments received in the prior year from Newland
Communities and Teravista.
Total wastewater revenue is up 1.8% for fiscal year 2016 compared to last year. Wastewater revenues are up 7.0% due to to
an increase in billed customers (increased by 24.1% from March 2015 to March 2016). Tap fees are up 45.9% due to payments
received for the Summit at Rivery Apartment buildings. Other revenues are down from the prior year due to large payments
received in the prior year from Newland Communities and Teravista.
Water revenues in the Western District are up 1.5%. While water revenues are up 27.2% due to an increase in billed customers
(increased by 22.07% from March 2015 to March 2016), other revenues are down 37.6% due to a settlement received from
the City of Leander in the previous year. Tap revenues, which are driven primarily by development, saw a 64.1% increase from
March 2015 to March 2016.
Utility revenues are significantly impacted 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 to
identify areas that may impact the 2017 budget and CIP processes.
Other Revenues:
Hotel Occupancy Tax revenue is up 28.9%, or $95,408 from the prior year. Airport revenue is up 2.0% from the prior year, due
in part to ramp grants received in December 2015 and February 2016.
II. Investments
The investment activity and strategies described in this report are in compliance with the Public Funds Investment Act (PFIA),
City’s investment policy, and generally accepted accounting principles. Activity for the second quarter of fiscal year 2016
included the maturing of three financial institution deposits (CD’s) totaling $7.7M.
The Investment Reports for the quarter ended March 31, 2016 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 March 31, 2016 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
12/31/15 3/31/16 12/31/15 3/31/16 12/31/15 3/31/16
Total cash and investments
$117,446,543 $115,830,440 $13,632,530 $14,139,315 $5,489,080 $5,783,670
Average Yield 0.40% 0.44% 0.49% 0.51% 0.30% 0.37%
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.
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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 City’s investment portfolio includes bank deposits, local
government investment pool balances, money market accounts and financial institution deposits. All of these investments
carry insurance or an implied backing from the Federal Government. The collateral on all City investments is monitored at
least 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. 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 were reviewed and met PFIA-minimum rating criteria. The City does maintain a $2 million Letter of Credit at the Electric
Reliability Council of Texas (ERCOT) in lieu of maintaining an unsecured deposit with that agency to comply with fiscal surety
requirements.
The City continues its banking fee reduction strategy by retaining higher daily balances at the City’s depository bank. These
balances earn credit against the fees charged by the bank versus earning interest on these balances. An analysis has been
performed verifying that this method is maximizing earnings by negating fees.
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:
Project 1DG Rivery Sheraton Garage: The Sheraton at Rivery is the City of Georgetown’s first Hotel/Conference Center. The
expected completion date is June 2016 and they have begun taking reservations for July 2016. The Parking Garage is one
component of the project that will add approximately 340 public parking spaces. The City has entered into an agreement with
the Developer of the Hotel/Conference Center to reimburse them for the construction of the Parking Garage with ownership
transferring to the City upon its completion. To date the City has reimbursed 84% of the direct costs associated with the
Garage.
Project 6CP 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 schematic design for phase 1 and 2 was completed in April 2016. Design development and construction plans
for phase 1 will be the focus for the remainder of the year. Funds for Phase 1 design and construction have been budgeted at
$2.7 million. Phase 1 improvements include spring restoration, pavilions, road realignment, play areas, restroom and parking.
Project 6DK Williams Drive Pool: The Williams Drive Pool is a 50 meter public swimming pool that was built in
1978. Improvements to this pool were identified through an Aquatics Master Plan prepared by the Parks and Recreation
Advisory Board and the ADA Transition Plan. The project renovation included public input from the neighborhood and user
groups including swim teams and water aerobics classes. Renovations began in March 2016 and include accessible walkways,
renovated bathhouse, outdoor pavilion, new fencing, and additional parking. The renovation is on schedule with the pool to
be open by May 28, 2016.
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Project 6DO 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 2005 that set the stage for how the park would be
developed. Amenities include an event center, equestrian facility, dog park, camping, trails, a playground, and a splash
pad. Construction plans are currently in progress with construction to start in September 2016. The construction project is
estimated to be $13.5 million.
Southwest Bypass: Southwest Bypass is an $18.3 million road providing a north-south connection on the west side of
Georgetown from DB Wood Road south to Leander Road. The new road was one of 20 transportation projects approved by
Georgetown voters in the May 2015 bond election. Planning for the project began nearly 30 years ago. Groundbreaking is
scheduled to begin in May 2016 and construction should be complete by the end of 2018.
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2016 TOTAL
BUDGET
2ND
QUARTER
YEAR TO DATE
% BUDGET 2015 ACTUAL
2ND
QUARTER
YEAR TO DATE
% ACTUAL
VARIANCE
YEAR TO DATE
ACTUAL
VARIANCE
% ACTUAL
REVENUES:
Property Taxes 11,716,698 10,551,701 90.1%10,784,182 9,302,328 86.3%1,249,373 13.4%
Sales Tax 11,587,812 4,930,613 42.5%11,296,645 4,694,044 41.6%236,569 5.0%
Franchise Fee/ROI 12,722,293 4,655,730 36.6%12,358,246 4,601,617 37.2%54,113 1.2%
Development & Inspections 2,140,000 990,194 46.3%2,010,379 844,075 42.0%146,119 17.3%
Court Fines 616,500 247,606 40.2%529,920 276,033 52.1%-28,427 -10.3%
Parks & Recreation 2,203,620 1,195,025 54.2%2,193,506 1,110,100 50.6%84,925 7.7%
Other 4,746,400 2,194,390 46.2%4,565,351 2,125,645 46.6%68,745 3.2%
REVENUE WITHOUT ENVIRON. SVCS 45,733,323 24,765,259 54.2%43,738,229 22,953,842 52.5%1,811,417 7.9%
Environmental Services 6,554,000 3,249,020 49.6%6,534,836 2,955,831 45.2%293,189 9.9%
TOTAL REVENUES (1)52,287,323 28,014,279 53.6%50,273,065 25,909,673 51.5%2,104,606 8.1%
EXPENSES:
DOWNTOWN & COMMUNITY SVCS
Personnel 5,892,410 2,507,219 42.5%5,362,645 2,379,630 44.4%127,589 5.4%
Operations 4,173,493 3,013,955 72.2%3,940,906 2,789,072 70.8%224,883 8.1%
TOTAL DTOWN & COMM SVCS 10,065,903 5,521,174 54.9%9,303,551 5,168,702 55.6%352,472 6.8%
FINANCE & ADMINISTRATION
Personnel 457,818 214,218 46.8%214,218 203,344 94.9%10,875 5.3%
Operations 103,621 68,708 66.3%68,708 59,264 86.3%9,444 15.9%
TOTAL FINANCE & ADMIN 561,439 282,926 50.4%282,926 262,607 92.8%20,319 7.7%
FIRE
Personnel 9,282,085 4,783,848 51.5%8,837,801 4,303,323 48.7%480,525 11.2%
Operations 2,002,024 1,673,894 83.6%1,744,326 1,454,432 83.4%219,462 15.1%
TOTAL FIRE 11,284,109 6,457,742 57.2%10,582,127 5,757,754 54.4%699,987 12.2%
MANAGEMENT SERVICES
Personnel 1,871,845 841,399 45.0%1,641,961 817,296 49.8%24,104 2.9%
Operations 4,127,364 2,313,204 56.0%4,223,872 2,325,952 55.1%-12,749 -0.5%
TOTAL MANAGEMENT SVCS 5,999,209 3,154,603 52.6%5,865,832 3,143,248 53.6%11,355 0.4%
POLICE
Personnel 10,732,359 5,075,268 47.3%10,005,386 4,709,041 47.1%366,227 7.8%
Operations 3,251,123 2,707,191 83.3%2,647,146 2,092,105 79.0%615,086 29.4%
TOTAL POLICE 13,983,482 7,782,459 55.7%12,652,532 6,801,146 53.8%981,313 14.4%
TRANSPORTATION
Personnel 1,613,638 711,396 44.1%1,459,461 688,580 47.2%22,816 3.3%
Operations 1,574,244 926,972 58.9%1,607,305 958,178 59.6%-31,206 -3.3%
TOTAL TRANSPORTATION 3,187,882 1,638,368 51.4%3,066,766 1,646,757 53.7%-8,389 -0.5%
SUBTOTAL - OPERATING EXP
Personnel 29,850,155 14,133,349 47.3%27,521,472 13,101,213 47.6%1,032,136 7.9%
Operations 15,231,869 10,703,924 70.3%14,232,263 9,679,002 68.0%1,024,921 10.6%
OPERATING EXPENSES 45,082,024 24,837,272 55.1%41,753,735 22,780,215 54.6%2,057,057 9.0%
GUS - ENVIRONMENTAL SERVICES
Personnel 1,059,626 432,106 40.8%809,629 377,619 46.6%54,487 14.4%
Operations 5,729,376 3,043,033 53.1%5,719,397 2,444,762 42.7%598,271 24.5%
TOTAL GUS 6,789,002 3,475,139 51.2%6,529,026 2,822,381 43.2%652,758 23.1%
TOTAL OPERATING EXPENSES
Personnel 30,909,781 14,565,455 47.1%28,331,101 13,478,832 47.6%1,086,623 8.1%
Operations 20,961,245 13,746,956 65.6%19,951,660 12,123,764 60.8%1,623,192 13.4%
TOTAL OPERATING EXPENSES (2)51,871,026 28,312,411 54.6%48,282,761 25,602,596 53.0%2,709,815 10.6%
NOTES:
(1) Excludes transfers.
(2) Excludes capital related expenditures.
GENERAL FUND REVENUE & EXPENSE COMPARISON 2016
FOR THE QUARTER ENDING MARCH 31, 2016
6
REVENUES:
2016
TOTAL
BUDGET
2ND QUARTER
YEAR TO DATE
%
BUDGET
2015
ACTUALS
2ND QUARTER
YEAR TO DATE
%
ACTUAL
VARIANCE
YEAR TO DATE
ACTUAL
VARIANCE %
ACTUAL
Utility Fund Revenues:
ELECTRIC
Electric revenue 63,400,000 26,713,539 42.1%60,870,101 26,747,234 43.9%-33,695 -0.1%
Electric tap revenue 250,000 47,600 19.0%178,494 153,244 85.9%-105,644 -68.9%
Electric other revenue 1,549,775 972,728 62.8%2,168,463 700,383 32.3%272,345 38.9%
TOTAL ELECTRIC REVENUE 65,199,775 27,733,867 42.5%63,217,059 27,600,861 43.7%133,006 0.5%
WATER
Water revenue 17,000,000 7,936,906 46.7%17,107,087 6,845,302 40.0%1,091,604 15.9%
Water tap revenue 1,186,672 589,098 49.6%1,301,318 619,121 47.6%-30,023 -4.8%
Water other revenue 3,687,160 1,610,280 43.7%3,734,065 1,864,190 49.9%-253,910 -13.6%
TOTAL WATER REVENUE 21,873,832 10,136,284 46.3%22,142,470 9,328,613 42.1%807,671 8.7%
WASTEWATER
Wastewater revenue**9,603,822 4,624,140 48.1%9,493,690 4,321,431 45.5%302,709 7.0%
Wastewater tap revenue**575,000 411,808 71.6%647,058 282,273 43.6%129,535 45.9%
Wastewater other revenue **1,848,750 568,095 30.7%1,737,503 901,395 51.9%-333,300 -37.0%
TOTAL WASTEWATER REVENUE 12,027,572 5,604,043 46.6%11,878,251 5,505,099 46.3%98,944 1.8%
RURAL WATER
Rural water revenue 5,640,000 2,971,991 52.7%6,291,773 2,336,504 37.1%635,487 27.2%
Rural water tap revenue 413,916 303,700 73.4%385,251 185,101 48.0%118,599 64.1%
Rural water other revenue 2,336,732 1,141,848 48.9%2,899,805 1,830,214 63.1%-688,366 -37.6%
TOTAL RURAL WATER REVENUE 8,390,648 4,417,539 52.6%9,576,830 4,351,819 45.4%65,720 1.5%
Other Fund Revenues:
CVB
HOT tax 860,000 320,828 37.3%711,060 247,437 34.8%73,391 29.7%
Other Revenue 134,500 104,440 77.7%98,724 82,423 83.5%22,017 26.7%
TOTAL CVB REVENUE 994,500 425,268 42.8%809,784 329,860 40.7%95,408 28.9%
AIRPORT
Fuel revenue 2,875,000 986,012 34.3%1,971,336 1,039,251 52.7%-53,239 -5.1%
Leases and Rents 657,400 336,023 51.1%607,861 282,256 46.4%53,767 19.0%
Other revenue 93,550 34,327 36.7%93,135 8,461 9.1%25,866 305.7%
TOTAL AIRPORT REVENUE 3,625,950 1,356,362 37.4%2,672,332 1,329,968 49.8%26,394 2.0%
TOTAL MAJOR FUND REVENUES 112,112,277 49,673,363 44.3%110,296,726 48,446,220 43.9%1,227,143 2.5%
NOTES:
Does not include transfers or bond proceeds.
**Includes Irrigation revenue
MAJOR FUND REVENUE COMPARISON
2016 Budget Report
FOR THE QUARTER ENDING MARCH 31, 2016
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COUNCIL DISCRETIONARY FUND
FOR THE QUARTER ENDING MARCH 31, 2016
2015 2016 2016 2016
ACTUAL AMENDED PROJECTION VARIANCE
BUDGET
Beginning Fund Balance -$ -$ -$ -$ -$
REVENUES:
Transfer In, General Fund (1)- 515,714 515,714 515,714 -
Transfer In, General Fund (2)- 189,429 189,429 189,429 -
Transfer In, General Fund (3)- 379,902 379,902 379,902 -
Total Revenues - 1,085,045 1,085,045 1,085,045 -
EXPENDITURES:
Transfer Out, GCP (Grace Heritage)- 150,000 150,000 150,000 -
Transfer Out, Joint Services (Personnel related impacts)- 250,000 250,000 250,000 -
Transfer Out, General Fund (Economic Uncertainty Reserve)500,000 500,000 500,000 -
Total Expenditures - 900,000 900,000 900,000 -
Ending Fund Balance - 185,045 185,045 185,045 -
(1) Amount estimated during 2016 budget process
(2) Additional amount estimated at preliminary year-end (December 2015)
(3) Additional amount estimated at final year-end (January 2016)
YEAR TO DATE
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Summary
Quarter End Results by Investment Category:
Asset Type Ave. Yield Book Value Market Value Book Value Market Value
Demand Accounts 0.30% 15,732,411$ 15,732,411 18,480,032$ 18,480,032$
NOW/MMA 0.31% 19,626,785 19,626,785 19,591,997 19,591,997
Pools 0.34% 33,753,428 33,753,428 37,013,767 37,013,767
Certificates of Deposit 0.65% 48,333,919 48,333,919 40,744,644 40,744,644
Totals 117,446,543$ 117,446,543$ 115,830,440$ 115,830,440$
Quarter End Average Yield (1)Fiscal Year-to-Date Average Yield (2)
Total Portfolio 0.44%Total Portfolio 0.42%
Rolling Three Mo. Treas. Yield 0.29%Rolling Three Mo. Treas. Yield 0.13%
Rolling Six Mo. Treas. Yield 0.39%Rolling Six Mo. Treas. Yield 0.25%
Quarterly TexPool Yield 0.26%
11,687$
Interest income provided in separate report.22,933$
December 31, 2015 March 31, 2016
(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
Valley View Consulting, L.L.C.
Page 1.10
City - Detail of 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)0.30% 04/01/16 03/31/16 18,480,032$ 18,480,032$ 1.00 18,480,032$ 1 0.30%
Comerica Bank MMA 0.15% 04/01/16 03/31/16 9,497,368 9,497,368 1.00 9,497,368 1 0.15%
Southside Bank MMA 0.47% 04/01/16 03/31/16 10,094,629 10,094,629 1.00 10,094,629 1 0.47%
TexPool AAAm 0.33% 04/01/16 03/31/16 6,571,929 6,571,929 1.00 6,571,929 1 0.33%
TexSTAR AAAm 0.35% 04/01/16 03/31/16 30,441,838 30,441,838 1.00 30,441,838 1 0.35%
BTH Bank CDARS 0.70% 05/05/16 02/05/15 1,512,160 1,512,160 100.00 1,512,160 35 0.70%
Comerica CD 0.65% 05/12/16 05/13/14 3,035,988 3,035,988 100.00 3,035,988 42 0.65%
Southside Bank CD 0.38% 06/02/16 09/02/15 4,007,583 4,007,583 100.00 4,007,583 63 0.38%
LegacyTexas Bank CD 0.50% 06/07/16 12/07/15 4,004,978 4,004,978 100.00 4,004,978 68 0.50%
LegacyTexas Bank CD 0.70% 06/22/16 12/22/15 3,005,168 3,005,168 100.00 3,005,168 83 0.70%
BTH Bank CDARS 0.75% 08/04/16 02/05/15 1,513,032 1,513,032 100.00 1,513,032 126 0.75%
BTH Bank CDARS 0.80% 08/04/16 02/05/15 1,513,905 1,513,905 100.00 1,513,905 126 0.80%
BTH Bank CDARS 0.75% 08/20/16 11/20/14 2,525,713 2,525,713 100.00 2,525,713 142 0.75%
Southside Bank CD 0.51% 09/02/16 09/02/15 2,005,089 2,005,089 100.00 2,005,089 155 0.51%
Southside Bank CD 0.51% 09/02/16 09/02/15 2,005,089 2,005,089 100.00 2,005,089 155 0.51%
LegacyTexas Bank CD 0.55% 09/07/16 12/07/15 1,001,369 1,001,369 100.00 1,001,369 160 0.55%
Independent Bank CD 0.65% 09/24/16 12/24/14 3,024,429 3,024,429 100.00 3,024,429 177 0.65%
RBank CD 1.06% 09/29/16 09/29/14 2,032,024 2,032,024 100.00 2,032,024 182 1.06%
BTH Bank CDARS 0.85% 11/17/16 11/20/14 3,034,994 3,034,994 100.00 3,034,994 231 0.85%
LegacyTexas Bank CD 0.60% 12/07/16 12/07/15 5,007,468 5,007,468 100.00 5,007,468 251 0.60%
BTH Bank CDARS 0.90% 02/02/17 02/05/15 1,515,652 1,515,652 100.00 1,515,652 308 0.90%
115,830,440$ 115,830,440$ 115,830,440$510.44%
(1) (2)
March 31, 2016
(2) Weighted average yield to maturity - The weighted average yield to maturity is based on adjusted book value, realized and unrealized gains/losses and investment advisory fees are not
considered. The yield for the reporting month is used for bank accounts, pools, and money market funds.
(1) Weighted average life - For purposes of calculating weighted average life, bank accounts, pools and money market funds are assumed to have an one day maturity.
(3) Earnings Credit - The City's depository accounts provide an earnings credit on balances which is used to offset bank fees. The current rate is 0.2977% on collected balances.
Valley View Consulting, L.L.C.Page 3.12
City - Book and Market Value Comparison
Coupon/ Maturity Face Amount/Purchases/ Sales/Adjust/ Face Amount/
Description Discount Date Par Value Book Value Adjustments Call/Maturity Par Value Book Value
JPMorgan Chase Cash 0.30% 04/01/16 15,732,411$ 15,732,411$ 2,747,621$ –$ 18,480,032$ 18,480,032$
Comerica Bank MMA 0.15% 04/01/16 9,543,316 9,543,316 (45,948) 9,497,368 9,497,368
Southside Bank MMA 0.47% 04/01/16 10,083,470 10,083,470 11,159 10,094,629 10,094,629
TexPool 0.33% 04/01/16 8,158,710 8,158,710 (1,586,781) 6,571,929 6,571,929
TexSTAR 0.35% 04/01/16 25,594,717 25,594,717 4,847,120 30,441,838 30,441,838
Comerica CD 0.56%02/25/16 2,020,598 2,020,598 (2,020,598)– –
RBank CD 0.75%03/01/16 2,599,816 2,599,816 (2,599,816)– –
RBank CD 0.60%03/23/16 3,034,898 3,034,898 (3,034,898)– –
BTH Bank CDARS 0.70%05/05/16 1,509,523 1,509,523 2,637 1,512,160 1,512,160
Comerica CD 0.65%05/12/16 3,031,084 3,031,084 4,904 3,035,988 3,035,988
Southside Bank CD 0.38%06/02/16 4,003,790 4,003,790 3,793 4,007,583 4,007,583
LegacyTexas Bank CD 0.50%06/07/16 4,000,000 4,000,000 4,978 4,004,978 4,004,978
LegacyTexas Bank CD 0.70%06/22/16 3,000,000 3,000,000 5,168 3,005,168 3,005,168
BTH Bank CDARS 0.75%08/04/16 1,510,206 1,510,206 2,827 1,513,032 1,513,032
BTH Bank CDARS 0.75%08/20/16 2,520,995 2,520,995 4,718 2,525,713 2,525,713
Southside Bank CD 0.51%09/02/16 2,002,543 2,002,543 2,546 2,005,089 2,005,089
Southside Bank CD 0.51%09/02/16 2,002,543 2,002,543 2,546 2,005,089 2,005,089
LegacyTexas Bank CD 0.55%09/07/16 1,000,000 1,000,000 1,369 1,001,369 1,001,369
Independent Bank CD 0.65%09/24/16 3,019,548 3,019,548 4,881 3,024,429 3,024,429
RBank CD 1.06%09/29/16 2,026,661 2,026,661 5,363 2,032,024 2,032,024
BTH Bank CDARS 0.80%08/04/16 1,510,889 1,510,889 3,017 1,513,905 1,513,905
BTH Bank CDARS 0.85%11/17/16 3,028,569 3,028,569 6,425 3,034,994 3,034,994
LegacyTexas Bank CD 0.60%12/07/16 5,000,000 5,000,000 7,468 5,007,468 5,007,468
BTH Bank CDARS 0.90%02/02/17 1,512,255 1,512,255 3,397 1,515,652 1,515,652
TOTAL 117,446,543$ 117,446,543$ 7,671,939$ (9,288,042)$ 115,830,440$ 115,830,440$
December 31, 2015 March 31, 2016
Valley View Consulting, L.L.C.Page 5.14
City - Allocation (Continued)
Investment Total Consolidated 2013 GO 2013 CO 2014 CO 2014 GO
2014
Revenue
Electric
2014 Revenue
Water WW Debt Service
JPMorgan Chase Cash 18,480,032$ 18,480,032$ –$ –$ –$ –$ –$ –$ –$
Comerica Bank MMA 9,497,368 905,412 1,719,142 409,315 3,474,396
Southside Bank MMA 10,094,629 484,597 5,092,425 682,728
TexPool 6,571,929 6,571,929
TexSTAR 30,441,838 6,798,229 1,791,192 94,537 11,060,031
BTH Bank CDARS 05/05/16 1,512,160 1,512,160
Comerica CD 05/12/16 3,035,988 3,035,988
Southside Bank CD 06/02/16 4,007,583
LegacyTexas Bank CD 06/07/16 4,004,978
LegacyTexas Bank CD 06/22/16 3,005,168 3,005,168
BTH Bank CDARS 08/04/16 1,513,032 1,513,032
BTH Bank CDARS 08/04/16 1,513,905 1,513,905
BTH Bank CDARS 08/20/16 2,525,713 2,525,713
Southside Bank CD 09/02/16 2,005,089
Southside Bank CD 09/02/16 2,005,089
LegacyTexas Bank CD 09/07/16 1,001,369
Independent Bank CD 09/24/16 3,024,429 3,024,429
RBank CD 09/29/16 2,032,024 2,032,024
BTH Bank CDARS 11/17/16 3,034,994 3,034,994
LegacyTexas Bank CD 12/07/16 5,007,468
BTH Bank CDARS 02/02/17 1,515,652 1,515,652
Totals 115,830,440$ 52,928,074$ 5,092,425$ 1,719,142$ 682,728$ 409,315$ 1,791,192$ 6,594,125$ 11,060,031$
Book and Market Value
March 31, 2016
Valley View Consulting, L.L.C.Page 6.15
City - Allocation
JPMorgan Chase Cash
Comerica Bank MMA
Southside Bank MMA
TexPool
TexSTAR
BTH Bank CDARS 05/05/16
Comerica CD 05/12/16
Southside Bank CD 06/02/16
LegacyTexas Bank CD 06/07/16
LegacyTexas Bank CD 06/22/16
BTH Bank CDARS 08/04/16
BTH Bank CDARS 08/04/16
BTH Bank CDARS 08/20/16
Southside Bank CD 09/02/16
Southside Bank CD 09/02/16
LegacyTexas Bank CD 09/07/16
Independent Bank CD 09/24/16
RBank CD 09/29/16
BTH Bank CDARS 11/17/16
LegacyTexas Bank CD 12/07/16
BTH Bank CDARS 02/02/17
Totals
Book and Market Value
March 31, 2016
(Continued)
Police
Restricted
Seizure
Utility Debt
Service
2015 CO-
Airport
2015 CO-
Parks/Streets/
Vehicles
2015 CO-
Stormwater
2015 CO-Tax
Facilities
2015 CO-
Water
2015 GO-
Roads
2015A GO-
Roads
–$ –$ –$ –$ –$ –$ –$ –$ –$
2,989,103
1,870,402 757,953 1,206,524
1,389 67,653 859,511 281,328 1,419,077 4,694,260 106,317 837,081
4,004,978
5,007,468
1,389$ 67,653$ 859,511$ 2,151,731$ 1,419,077$ 4,694,260$ 757,953$ 4,301,943$ 9,849,528$
Valley View Consulting, L.L.C.Page 7.16
City - Allocation
JPMorgan Chase Cash
Comerica Bank MMA
Southside Bank MMA
TexPool
TexSTAR
BTH Bank CDARS 05/05/16
Comerica CD 05/12/16
Southside Bank CD 06/02/16
LegacyTexas Bank CD 06/07/16
LegacyTexas Bank CD 06/22/16
BTH Bank CDARS 08/04/16
BTH Bank CDARS 08/04/16
BTH Bank CDARS 08/20/16
Southside Bank CD 09/02/16
Southside Bank CD 09/02/16
LegacyTexas Bank CD 09/07/16
Independent Bank CD 09/24/16
RBank CD 09/29/16
BTH Bank CDARS 11/17/16
LegacyTexas Bank CD 12/07/16
BTH Bank CDARS 02/02/17
Totals
Book and Market Value
March 31, 2016
2015A GO-
Parks
2015 Revenue
Electric
2015 Revenue
Water WW
–$ –$ –$
700,785 1,730,448
4,007,583
2,005,089
2,005,089
1,001,369
1,702,154$ 2,005,089$ 7,743,121$
Valley View Consulting, L.L.C.Page 8.17
City - Allocation (Continued)
Investment Total Consolidated 2013 GO 2013 CO
2013 GO
Parks/Public
Safety
2014 CO 2014 GO
2014
Revenue
Electric
2014 Revenue
Water WW
JPMorgan Chase Cash 15,732,411$ 15,732,411$ –$ –$ –$ –$ –$ –$ –$
Comerica Bank MMA 9,543,316 – 2,656,313 425,913 3,473,101
Southside Bank MMA 10,083,470 – 5,410,794 842,036
TexPool 8,158,710 8,158,710
TexSTAR 25,594,717 9,816,838 17,256 1,794,136 198,045
Comerica CD 02/25/16 2,020,598 2,020,598
RBank CD 03/01/16 2,599,816 2,599,816
RBank CD 03/23/16 3,034,898 3,034,898
BTH Bank CDARS 05/05/16 1,509,523 1,509,523
Comerica CD 05/12/16 3,031,084 3,031,084
Southside Bank CD 06/02/16 4,003,790
LegacyTexas Bank CD 06/07/16 4,000,000
LegacyTexas Bank CD 06/22/16 3,000,000 3,000,000
BTH Bank CDARS 08/04/16 1,510,206 1,510,206
BTH Bank CDARS 08/04/16 1,510,889 1,510,889
BTH Bank CDARS 08/20/16 2,520,995 2,520,995
Southside Bank CD 09/02/16 2,002,543
Southside Bank CD 09/02/16 2,002,543
LegacyTexas Bank CD 09/07/16 1,000,000
Independent Bank CD 09/24/16 3,019,548 3,019,548
RBank CD 09/29/16 2,026,661 2,026,661
BTH Bank CDARS 11/17/16 3,028,569 3,028,569
LegacyTexas Bank CD 12/07/16 5,000,000
BTH Bank CDARS 02/02/17 1,512,255 1,512,255
Totals 117,446,543$ 61,013,275$ 5,410,794$ 2,656,313$ 17,256$ 842,036$ 425,913$ 1,794,136$ 6,690,875$
December 31, 2015
Book and Market Value
Valley View Consulting, L.L.C.Page 9.18
City - Allocation
JPMorgan Chase Cash
Comerica Bank MMA
Southside Bank MMA
TexPool
TexSTAR
Comerica CD 02/25/16
RBank CD 03/01/16
RBank CD 03/23/16
BTH Bank CDARS 05/05/16
Comerica CD 05/12/16
Southside Bank CD 06/02/16
LegacyTexas Bank CD 06/07/16
LegacyTexas Bank CD 06/22/16
BTH Bank CDARS 08/04/16
BTH Bank CDARS 08/04/16
BTH Bank CDARS 08/20/16
Southside Bank CD 09/02/16
Southside Bank CD 09/02/16
LegacyTexas Bank CD 09/07/16
Independent Bank CD 09/24/16
RBank CD 09/29/16
BTH Bank CDARS 11/17/16
LegacyTexas Bank CD 12/07/16
BTH Bank CDARS 02/02/17
Totals
December 31, 2015
Book and Market Value
(Continued)
Debt
Service
Police
Restricted
Seizure
Utility Debt
Service
2015 CO-
Airport
2015 CO-
Parks/Streets/
Vehicles
2015 CO-
Stormwater
2015 CO-Tax
Facilities
2015 CO-
Water
2015 GO-
Roads
–$ –$ –$ –$ –$ –$ –$ –$ –$
2,987,989
1,868,335 757,115 1,205,190
2,349,390 1,388 67,601 866,550 297,333 1,425,977 4,690,631 330,753
2,349,390$ 1,388$ 67,601$ 866,550$ 2,165,667$ 1,425,977$ 4,690,631$ 757,115$ 4,523,932$
Valley View Consulting, L.L.C.Page 10.19
City - Allocation
JPMorgan Chase Cash
Comerica Bank MMA
Southside Bank MMA
TexPool
TexSTAR
Comerica CD 02/25/16
RBank CD 03/01/16
RBank CD 03/23/16
BTH Bank CDARS 05/05/16
Comerica CD 05/12/16
Southside Bank CD 06/02/16
LegacyTexas Bank CD 06/07/16
LegacyTexas Bank CD 06/22/16
BTH Bank CDARS 08/04/16
BTH Bank CDARS 08/04/16
BTH Bank CDARS 08/20/16
Southside Bank CD 09/02/16
Southside Bank CD 09/02/16
LegacyTexas Bank CD 09/07/16
Independent Bank CD 09/24/16
RBank CD 09/29/16
BTH Bank CDARS 11/17/16
LegacyTexas Bank CD 12/07/16
BTH Bank CDARS 02/02/17
Totals
December 31, 2015
Book and Market Value 2015A GO-
Roads
2015A GO-
Parks
2015 Revenue
Electric
2015 Revenue
Water WW
–$ –$ –$ –$
1,001,020 700,243 2,037,557
4,003,790
4,000,000
2,002,543
2,002,543
1,000,000
5,000,000
10,001,020$ 1,700,243$ 2,002,543$ 8,043,890$
Valley View Consulting, L.L.C.Page 11.20
Summary
Quarter End Results by Investment Category:
Asset Type Ave. Yield Book Value Market Value Book Value Market Value
Pools 0.33% 4,080,142$ 4,080,142$ 4,572,756$ 4,572,756$
Certificates of Deposit 0.60% 9,552,388 9,552,388 9,566,559 9,566,559
Totals 13,632,530$ 13,632,530$ 14,139,315$ 14,139,315$
Quarter End Average Yield (1)Fiscal Year-to-Date Average Yield (2)
Total Portfolio 0.51%Total Portfolio 0.50%
Rolling Three Mo. Treas. Yield 0.13%Rolling Three Mo. Treas. Yield 0.21%
Rolling Six Mo. Treas. Yield 0.25%Rolling Six Mo. Treas. Yield 0.32%
Quarterly TexPool Yield 0.26%
Interest data provided in separate report.
December 31, 2015 March 31, 2016
(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.
Valley View Consulting, L.L.C.
Page 1.23
Detail of 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 0.33% 04/01/16 03/31/16 4,515,893$ 4,515,893$ 1.00 4,515,893$ 1 0.33%
TexSTAR AAAm 0.35% 04/01/16 03/31/16 56,863 56,863 1.00 56,863 1 0.35%
Southside Bank CD 0.38% 06/02/16 09/02/15 3,005,687 3,005,687 100.00 3,005,687 63 0.38%
Comerica Bank CD 0.67% 08/15/16 08/14/14 3,031,979 3,031,979 100.00 3,031,979 137 0.67%
LegacyTexas Bank CD 0.60% 12/07/16 12/07/15 1,502,241 1,502,241 100.00 1,502,241 251 0.60%
RBank CD 0.80% 12/30/16 12/30/15 2,026,652 2,026,652 100.00 2,026,652 274 0.80%
14,139,315$ 14,139,315$ 14,139,315$ 109 0.51%
(1) (2)
March 31, 2016
(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.Page 3.25
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 0.33% 04/01/16 4,023,323$ 4,023,323$ 492,570$ –$ 4,515,893$ 4,515,893$
TexSTAR 0.35% 04/01/16 56,819 56,819 44 56,863 56,863
Southside Bank CD 0.38% 06/02/16 3,002,842 3,002,842 2,845 3,005,687 3,005,687
Comerica Bank CD 0.67% 08/15/16 3,026,931 3,026,931 5,048 3,031,979 3,031,979
LegacyTexas Bank CD 0.60% 12/07/16 1,500,000 1,500,000 2,241 1,502,241 1,502,241
RBank CD 0.80% 12/30/16 2,022,614 2,022,614 4,038 2,026,652 2,026,652
TOTAL 13,632,530$ 13,632,530$ 506,786$ –$ 14,139,315$ 14,139,315$
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 0.33% 04/01/16 4,023,323$ 4,023,323$ 492,570$ 4,515,893$ 4,515,893$
TexSTAR 0.35% 04/01/16 56,819 56,819 44 56,863 56,863
Southside Bank CD 0.38% 06/02/16 3,002,842 3,002,842 2,845 3,005,687 3,005,687
Comerica Bank CD 0.67% 08/15/16 3,026,931 3,026,931 5,048 3,031,979 3,031,979
LegacyTexas Bank CD 0.60% 12/07/16 1,500,000 1,500,000 2,241 1,502,241 1,502,241
RBank CD 0.80% 12/30/16 2,022,614 2,022,614 4,038 2,026,652 2,026,652
TOTAL 13,632,530$ 13,632,530$ 506,786$ 14,139,315$ 14,139,315$
December 31, 2015 March 31, 2016
December 31, 2015 March 31, 2016
Valley View Consulting, L.L.C.Page 5.27
Summary
Quarter End Results by Investment Category:
Asset Type Ave. Yield Book Value Market Value Book Value Market Value
Pools 0.37% 3,980,813$ 3,980,813$ 5,783,670$ 5,783,670$
Certificates of Deposit 0.00% 1,508,267 1,508,267 – –
5,489,080$ 5,489,080$ 5,783,670$ 5,783,670$
Quarter End Average Yield (1)Fiscal Year-to-Date Average Yield (2)
Total Portfolio 0.37%Total Portfolio 0.33%
Rolling Three Mo. Treas. Yield 0.29%Rolling Three Mo. Treas. Yield 0.21%
Rolling Six Mo. Treas. Yield 0.39%Rolling Six Mo. Treas. Yield 0.32%
Quarterly TexPool Yield 0.26%
Interest income provided in separate report.
December 31, 2015 March 31, 2016
(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.
Valley View Consulting, L.L.C.
Page 1.29
Detail of Investment Holdings
Coupon/Maturity Settlement Face Amount/Book Market Market Life
Description Ratings Discount Date Date Par Value Value Price Value (Day)Yield
TexasDAILY AAAm 0.41% 04/01/16 03/31/16 2,004,866$ 2,004,866$ 1.00 2,004,866$ 1 0.41%
TexSTAR AAAm 0.35% 04/01/16 03/31/16 3,778,803 3,778,803 1.00 3,778,803 1 0.35%
5,783,670$ 5,783,670$ 5,783,670$ 1 0.37%
(1) (2)
March 31, 2016
(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.Page 3.31
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
TexasDAILY 0.41% 04/01/16 2,002,959$ 2,002,959$ 1,907$ –$ 2,004,866$ 2,004,866$
TexSTAR 0.35% 04/01/16 1,977,854 1,977,854 1,800,949 3,778,803 3,778,803
Independent Bank CD 0.55%02/18/16 1,508,267 1,508,267 (1,508,267)– –
TOTAL 5,489,080$ 5,489,080$ 1,802,856$ (1,508,267)$ 5,783,670$ 5,783,670$
Market Value Comparison Qtr to Qtr
Change
TexasDAILY 0.41% 04/01/16 2,002,959$ 2,002,959$ 1,907$ 2,004,866$ 2,004,866$
TexSTAR 0.35% 04/01/16 1,977,854 1,977,854 1,800,949 3,778,803 3,778,803
Independent Bank CD 0.55% 02/18/16 1,508,267 1,508,267 (1,508,267) – –
TOTAL 5,489,080$ 5,489,080$ 294,589$ 5,783,670$ 5,783,670$
December 31, 2015 March 31, 2016
December 31, 2015 March 31, 2016
Valley View Consulting, L.L.C.Page 5.33
Capital Improvement Projects
For the Quarter Ended
March 31, 2016
2015/16 Year to Date Year to Date
Project Budget Expenditures Encumbrances Balance
General Government CIP
Public Safety & Facilities
6CJ GMC Remodel 1,900,000$ 8,754$ -$ 1,891,246$
6CR Public Safety Facility - 204,135 (75) (204,060) [a]
6DP Fire Station ESD 550,000 - - 550,000
6DQ EOC Siren System 1,000,000 - - 1,000,000
6EW Transfer Station / Landfill 210,000 - - 210,000
Public Safety & Facilities Subtotal 3,660,000 212,889 (75) 3,447,186
Parks CIP Bonds
1AU Street Rehab-West - 3,170 - (3,170) [a]
1BU Streets Rehabilitation - 7,289 (7,289) -
1DN Access to Rtw to Gov Srv - - 9,118 (9,118) [a]
6AR Westside Park - 18,249 (15,966) (2,283) [a]
6CN River Trail Expansion 100,000 - - 100,000
6CP San Gabriel Park Improvements 2,049,900 108,232 (97,194) 2,038,861
6DB McMaster Park 96,000 - 17,868 78,132
6DD New Village Parks - - 20,350 (20,350) [a]
6DE SG Bank Stabilization 416,700 33,197 386,542 (3,039)
6DH Sidewalks 304,900 - - 304,900
6DK Williams Dr. Pool 827,000 35,580 801,310 (9,889) [a]
6DM VFW Park 1,314,800 23,045 5,602 1,286,153
6DN Historic Park 257,700 - - 257,700
6DO Garey Park 3,000,000 229,949 (222,339) 2,992,390
6DZ ADA Sidewalks Repairs 100,000 - - 100,000
6EA General Repair / Maintenance 137,000 - - 137,000
6EB Red Poppy Canopy 77,500 - - 77,500
6EC Tree Mitigation 44,000 - - 44,000
6ED Grace Heritage Rehab - 10,000 (10,000) -
6EK Former PD Renovation - 375 - (375) [a]
6EP Electric Projects 185,000 - - 185,000
6EQ Street Light Upgrades 40,000 - - 40,000
6ER Parking Renovations 50,000 - - 50,000
6ES ADA Facilities 242,049 3,263 4,996 233,790
6ET ADA Parks 150,000 - - 150,000
6EV Shotgun House Rehab 13,000 - - 13,000
9AW CDBG-MLK/3rd St - - 10,534 (10,534) [a]
Parks CIP Bonds Subtotal 9,405,549 472,349 903,533 8,029,668
Parks CIP
6DB McMaster Park - - 17,868 (17,868) [a]
6DX Emerald Springs Park 15,900 52,594 (36,294) (400) [a]
6EH Village Park 71,100 8,150 - 62,950
6EI Founder's Park 70,000 - - 70,000
6EU VFW Lighting - - 190,375 (190,375) [a]
Parks CIP Subtotal 157,000 60,744 171,949 (75,693)
Downtown & Community Service
1DG Rivery Sheraton Garage 4,008,000 1,247,721 - 2,760,279
6BU Former Library Renovation 90,500 - - 90,500
6EG Municipal Court / CVB Redesign 230,000 - - 230,000
6EJ Parking Facility Study / Design 266,500 10,058 (10,058) 266,500
6EK Former PD Renovation 6,705,000 112,871 13,411 6,578,718
6EM Downtown West - 183,000 (167,250) (15,750) [a]
6EO Downtown Festival Area 460,000 - - 460,000
Downtown & Community Service Subtotal 11,760,000 1,553,651 (163,898) 10,370,247
Total General Government CIP 24,982,549$ 2,299,633$ 911,509$ 21,771,407$
NOTES:
[a]Individual projects may go over budget as long as total expenditures
for all CIP projects are within the department's total budget.
35
Capital Improvement Projects
For the Quarter Ended
March 31, 2016
2015/16 Year to Date Year to Date
Project Budget Expenditures Encumbrances Balance
Transportation Services CIP
Streets / Transportation
1BU Streets Rehabilitation 623,000$ 810,000$ (810,000)$ 623,000$
1BZ 971 @ Austin Ave.- 482 (482) -
1CA SW Bypass Leander to I35 - 56,102 (3,731) (52,371) [a]
1CC FM 1460 - 26,016 (23,364) (2,652) [a]
1CF Street Overlay/Microsurfacing 300,000 26,765 (26,765) 300,000
1CN Rejuvenate 326,000 55,189 (55,057) 325,868
1CP 2012 Street Rehab 236,000 6,327 (6,327) 236,000
1CQ SE I/L Schematic Design - 5,699 (5,699) -
1CR SW Bypass-29 to Leander - 4,480 - (4,480) [a]
1CS DB Wood Bridge - 5,050 (5,050) -
1CU Cutler Process 1,000,000 27,281 (27,239) 999,958
1DE Williams Dr @ Jimm Hogg Rd - - 218,765 (218,765) [a]
1DG Sheraton Parking Garage - 2,780 (2,780) -
1DI SW Bypass / WR Parkway 20,000,000 397,953 17,275,656 2,326,391
1DK Southeast Inner Loop - 27,435 (295) (27,140) [a]
1DL Austin Avenue Bridge 675,000 63,238 699,120 (87,357) [a]
1DM Street Maintenance 2016 1,500,000 87,596 99,134 1,313,270
Streets / Transportation Subtotal 24,660,000 1,602,394 17,325,885 5,731,721
Stormwater
1BU Streets Rehabilitation - 282,825 (282,825) -
5AM Curb & Sidewalks - 5,200 (5,200) -
5AO Stormwater Infrastructure 950,000 - - 950,000
5AW Regional Flood Study - 106,694 578,306 (685,000) [a]
6DE SG Bank Stabilization - - 35,000 (35,000) [a]
Stormwater Subtotal 950,000 394,719 325,281 230,000
Airport
6VB Parallel Taxiway & Runway Lights 757,935 750,000 - 7,935
6VE Fuel Farm 100,000 87,705 - 12,295
Airport Subtotal 857,935 837,705 - 20,230
Total Transportation Services CIP 26,467,935$ 2,834,818$ 17,651,166$ 5,981,951$
NOTES:
[a]Individual projects may go over budget as long as total expenditures
for all CIP projects are within the department's total budget.
36
Capital Improvement Projects
For the Quarter Ended
March 31, 2016
2015/16 Year to Date Year to Date
Project Budget Expenditures Encumbrances Balance
Water Services CIP
Wastewater Line Upgrades:
3BZ Wastewater - Street Rehab 200,000$ -$ -$ 200,000$
3CJ Berry Creek Interceptor 8,333,900 130,725 (130,725) 8,333,900
5QZ Snead Drive 299,200 624,238 (624,124) 299,086
6CR Public Safety Facility 10,000 205,770 (166,528) (29,242) [a]
Wastewater Line Upgrades Subtotal 8,843,100 960,733 (921,377) 8,803,744
WW Edwards Aquifer Compliance:
3B0 EARZ Ph. 8 755,825 15,811 - 740,014
3CG EARZ 2013-14 755,825 144,214 (144,145) 755,756
3CK EARZ 2014-15 1,511,650 328,200 631,274 552,176
WW Edwards Aquifer Compliance Subtotal 3,023,300 488,225 487,129 2,047,946
WW Lift stations & Force Mains
3CC Lift Station Upgrades 419,100 - - 419,100
3CD Stonehedge LS & FM 27,600 - - 27,600
3CE Westinghouse LS & FM 3,298,900 - - 3,298,900
3CI Austin Custom Molds LS Decommission 152,000 - - 152,000
WW Lift stations & Force Mains Subtotal 3,897,600 - - 3,897,600
WW Treatment Plant
3CA Pecan Branch WWTP 1,957,000 91,753 (46,753) 1,912,000
WW Treatment Plant Subtotal 1,957,000 91,753 (46,753) 1,912,000
Water CIP
1BU Streets Rehab 143,700 363,220 (362,991) 143,471
1DE Williams Dr. @ Jim Hogg Rd - 78,140 427,336 (505,476) [a]
2BR LWTP Expansion Ph. III - 1,655 - 1,655
2BW Westside Facility 505,500 1,550,498 (1,496,647) 451,649
2BZ West Loop (H-1B) Ph. 1 408,000 - - 408,000
2CE Rabbit Hill EST 1,825,800 248,431 1,893,615 (316,246)
2CG Asset Management
2CH Cedar Breaks EST 3,385,000 2,100 42 3,382,858
2CI Shell Road Water Line 6,292,500 160,563 (160,563) 6,292,500
2CJ Meter Issue - 266,712 - (266,712) [a]
2CK Daniels Mountain GST 2,200,000 498,668 1,462,385 238,947
2CL Park WTP Pump Station 335,000 8,150 24,450 302,400
2CM SW Bypass Waterline 1,106,000 - 1,002,410 103,590
Water CIP Subtotal 16,201,500 3,178,137 2,790,037 10,233,326
Rural Water CIP
2CN PRV Improv SH129 & CR245 1,764,666 - 42,233 1,722,433
2CO Majestic Oaks Water Lines 1,764,666 - 40,935 1,723,731
2JA Hwy 183 & 1869 Waterline 1,764,668 2,945 - 1,761,723
2JE CR 255 (WD 14-2)- 160,689 748,691 (909,380) [a]
2JF Domel Improvements 2,007,000 15,332 307,482 1,684,186
Rural Water CIP Subtotal 7,301,000 178,966 1,139,341 5,982,693
AMI/CIS-Water
2CG Asset Management 71,000 35,594 (23,295) 58,702
Water/AMI/CIS Subtotal 71,000 35,594 (23,295) 58,702
Total Water Services CIP 41,294,500$ 4,933,408$ 3,425,082$ 32,936,010$
NOTES:
[a]Individual projects may go over budget as long as total expenditures
for all CIP projects are within the department's total budget.
37
Capital Improvement Projects
For the Quarter Ended
March 31, 2016
2015/16 Year to Date Year to Date
Project Budget Expenditures Encumbrances Balance
Electric CIP
Electric Operations
5-0557-52-905 Developer Projects -$ 104,475$ -$ (104,475)$ [a]
Electric Operations Subtotal - 104,475 - (104,475)
Electric CIP
9-0580-90-129 Downtown URD Projects - 3,082 (3,795) 713
9-0580-90-300 Electrical System Improvements 4,375,000 2,046,821 319,691 2,008,488
9-0580-90-310 Power Quality Improvements 80,000 17,706 50,000 12,295
9-0580-90-320 Sectionalization Improvements 50,000 - 50,000 -
9-0580-90-330 Pole Improvements 50,000 49 50,000 (49) [a]
9-0580-90-340 Major Device Replacement - 35,431 - (35,431) [a]
9-0580-90-350 Relocation Projects Reimbursements - 57,530 (39,865) (17,665) [a]
9-0580-90-400 Electrical System Expansion - 86,937 (52,433) (34,504) [a]
9-0580-90-410 New Development Projects 1,200,000 730,694 344,526 124,779
9-0580-90-420 Reimbursements New Developments (540,000) 29,946 - (569,946) [a]
9-0580-90-430 Street Lighting 88,000 15,129 47,342 25,529
9-0580-90-500 Consultant Engineering 150,000 65,270 84,730 0
9-0580-90-510 System Mapping Support 50,000 44,486 5,514 0
Electric CIP Subtotal 5,503,000 3,133,080 855,711 1,514,209
T&D
9-0585-90-003 Electric Substations 698,000 4,329 (4,329) 698,000
9-0585-90-021 Communication Equipment 507,000 175,796 (94,895) 426,099
T&D Subtotal 1,205,000 180,125 (99,225) 1,124,099
CIS
9-0580-91-105 CIS System 4,350,000 148,737 (50,771) 4,252,034
CIS Subtotal 4,350,000 148,737 (50,771) 4,252,034
Total Electric CIP 11,058,000$ 3,566,418$ 705,715$ 6,785,867$
NOTES:
[a]Individual projects may go over budget as long as total expenditures
for all CIP projects are within the department's total budget.
38