City of Pearland Financial Snapshot for First Quarter of FY2011-12
-
Upload
sparkle-anderson -
Category
Documents
-
view
218 -
download
4
description
Transcript of City of Pearland Financial Snapshot for First Quarter of FY2011-12
State of Finances Snapshot FY2011-2012
For the quarter ending December 31, 2011
February 13, 2012
CITY OF PEARLAND
2
MAJOR FUND SUMMARIES
GENERAL FUND WATER & SEWER FUND PEDC FUND
3
GENERAL FUND SUMMARY -REVENUES
REVENUES FY 2012BUDGET
FY 2012 ACTUAL-TO-DATE
FY 2012 % OF BUDGET
FY 2011 ACTUAL-T0-DATE
Property Tax $10,840,389 $5,122,942 47.3% $5,889,481
Sales & Use Tax $13,631,831 $3,704,656 27.2% $3,305,213
Franchise Fees $5,361,910 $901,574 16.8% $888,176
Licenses & Permits $1,741,529 $452,018 26.0% $344,311
Fines & Forfeitures $2,851,290 $686,333 24.1% $590,459
Charges for Services $11,292,491 $4,214,433 37.3% $4,225,664
Miscellaneous $342,904 $67,398 19.7% $73,865
Sub-Total $49,848,444 $15,149,354 32.9% $15,317,169
Transfers In $3,786,100 $836,019 22.1% $742,651
Other Financing Sources $1,240,165 $0 0.0% $0
TOTAL REVENUE $51,088,609 $15,985,373 31.3% $16,059,820
Excluding Transfers In and Other Financing Sources, revenues are 32.9% of budget. Exceeds 25%, or 3 months of activity. Carryover will include $65,644.
Property Taxes – Actual collections through December for current property tax – 48.7% vs. 56.1% last year. Budget 98% collection rate.
Sales Tax Collection (Actual) – 27.9% of General Fund budget (mix drink tax not included). Oct. – Dec. totals $3,767,539 which is 4.7% greater than the year-to-date budget of $3,599,080 and $256,768 or 7.3% greater than the actual receipts from last year.
License & Permits – Licenses & Permits total $452,018 and are 26.0% of budget. This is an increase of $107,707 from December 2010. Building Permits reflects greater residential permits compared to last year –176 SF permits issued through December 2011, compared to 169 issued through December 2010, and 22 commercial permits vs. 4 last year.
Charges for Services – Collection at 37.3% attributable to TIRZ Administration Fees. Ambulance fees and Membership up $86K and $113K respectively offset by lower TIRZ Admin Fees.
Miscellaneous – At 19.7% of budget. $6,467 lower than December 2010 due to an accounting reversal of mark to market on investments.
4
GENERAL FUND SUMMARY-EXPENDITURES
EXPENDITURES FY 2012 BUDGET
FY 2012 ACTUAL-TO-DATE
FY 2012 % OF BUDGET
FY 2011 ACTUAL-TO-DATE
General Government $7,250,787 $2,209,800 30.5% $2,081,501
Public Safety $26,117,252 $6,592,506 25.2% $5,964,198
Community Services $3,882,555 $1,098,508 28.3% $863,286
Public Works $5,765,922 $1,170,030 20.3% $1,223,006
Parks & Recreation $7,470,601 $1,563,941 20.9% $1,665,682
Total Operating Expenditures $50,486,120 $12,633,941 25.0% $11,797,673
Transfers Out $1,058,162 $264,542 25.0% $186,117
TOTAL EXPENDITURES $51,545,459 $12,898,483 25.0% $11,983,790
Expenditures of $12.9M are 25% of budget and include some items budgeted last fiscal year that were in process at year-end and paid this fiscal year. Total expenditure carryovers are $790,748 approved by Council in January.
General Government – 30.5% of budget. Reflects annual payment to KPB vs. monthly payments last year.
Public Safety – Higher than last year due to full year operation of Fire Station #5, fewer police officer vacancies and the purchase of 12 police cars.
Community Service– Higher than last year due to department restructuring of Department divisions that includes Engineering and IVR for Permits.
Public Works – Decreased from last year due department restructuring of Department divisions that includes Engineering.
Parks & Recreation – Decreased by $102,585, currently showing savings in park maintenance, facility maintenance, and recycling.
5
GENERAL FUND –FUND BALANCE
Beginning Fund Balance – audited $14,523,546 Ending Fund Balance - $14,066,696
Revenue carryover from fiscal year 2011 $ 65,644 Expenditure carryover from fiscal year 2011 $ 790,748 Net carryovers ($ 725,104)
Revised Ending Fund Balance - $13,341,592 Budgeted Policy – 2 months recurring $ 8,303,490 Fund Balance over Reserve Policy* $ 5,038,102 Original Fund Balance Over Policy $ 2,936,157
* Can be used towards one-time non-recurring expenditures such as capital purchases and improvements.
6
WATER & SEWER FUND SUMMARY - REVENUES
REVENUES FY 2012 BUDGET
FY 2012 ACTUAL-TO-DATE
FY 2012 % OF BUDGET
FY 2011 ACTUAL-T0-DATE
Sale of Water $14,448,224 $4,401,145 30.5% $3,474,990
Sewer Revenues $10,496,337 $2,934,120 28.0% $2,677,895
Other Service Charges $1,350,294 $305,660 22.6% $305,803
Interest Income $23,577 ($5,608) -23.8% $8,203
Other Misc. Income $212,574 $51,196 24.1% $76,765
Transfers In $2,606,773 $651,694 25.0% $618,053
Bond / Lease Proceeds $0 $0 0% $0
TOTAL REVENUE $29,137,779 $8,338,207 28.6% $7,161,710
Total revenues are 28.6% of budget, and Water/Sewer charges make up 88% of total revenues.
Through December 2011 there were 1.061 billion gallons billed, compared to 776 million billed through December 2010. There were 1.49 inches more rainfall this year than last year for Oct-Dec.; however little rainfall in September which reflects October billing of over 438 million or 41% of the gallons billed.
Carryover to include $348K for LS Switch grant.
7
WATER CONSUMPTIONFirst Quarter - FY 2011 & FY 2012 Water Consumption-
in Millions
538
721
67
83
109
178
9
11
53
67
0
200
400
600
800
1000
1200
1st Qtr - 11 1st Qtr - 12
(in m
illio
ns o
f gal
lons
)
Residential Commercial Sprinkler Builders Other
FY 2011 & FY 2012 YTD Total Water Consumption-in Millions
776
1061
0
200
400
600
800
1000
1200
(in m
illio
n ga
llons
)
FY 2011 YTD FY 2012 YTD
7761,061
8
RAINFALL COMPARISON
0.09
4.3
5.18
3.1
5.11
4.474.22
0.48 0.59
0.02 0.16
1.67
3.042.71
0.9
0
1
2
3
4
5
6
(in
in
ches
)
Oct Nov Dec Jan Feb Mar Apr May June July Aug Sept
FY 2011 and FY 2012 Rainfall
FY 2011 Rainfall FY 2012 Rainfall
2011 YTD – 10.4 inches2012 YTD – 11.9 inches
9
WATER & SEWER FUND SUMMARY - EXPENSES
EXPENSES FY 2012 BUDGET
FY 2012 ACTUAL-TO-DATE
FY 2012 % OF BUDGET
FY 2011 ACTUAL-T0-DATE
Lift Stations $689,754 $171,845 24.9% $190,744
Wastewater Treatment $3,467,892 $743,646 21.4% $622,426
Water Production $6,066,928 $1,205,466 19.9% $851,946
Distribution & Collection $1,724,188 $416,283 24.1% $407,792
Construction $925,413 $205,741 22.2% $221,921
GIS 255,393 $47,967 18.8% -
W&S Revenue Collections $2,044,559 $599,083 29.3% $879,921
Sub Total $15,174,129 $3,390,032 22.3% $3,174,750
Other Requirements $10,103,393 $45,781 0.5% $50,633
Transfers $6,637,800 $1,692,905 25.5% $1,167,774
TOTAL EXPENSES $31,915,320 $5,128,718 16.1% $4,393,157
Personnel Costs: $1,212,262 (24%), Operations: $2,257,006 (44%), are 22.3% of Budget. Including Other Requirements and Transfers, expenses are 16.1% of budget.
Lift Stations – Carryover from FY11 will include $348K for LS switches in January.
Water Production – Reflects 2 months for FM521. Surface water increase of $291K over last year. Carryover of $310,000 for GCWA and $81,147 for UDF Flushing Program in January.
Utility Billing – FY2011 expense associated with total purchase of water meters and registers for replacement programs. Funds of $59,081 will be carried over for Selectron IVR System.
Other Requirements – Bond payment due in February. Will be reflected in second quarter.
10
WATER & SEWER –CASH EQUIVALENTS BALANCE
Beginning Cash Equivalents - audited $13,747,658 Ending Cash Equivalents - budget $10,606,819
Revenue Carryover from fiscal year 2011 $ 348,000 Expenditure carryover from fiscal year 2011 $ 905,900 Net Carryovers ($ 557,900)
Revised Ending Cash Equivalents – budget $10,048,919 Adopted Budget Ending Cash Equivalents $ 8,669,430 Increase in ending balance $ 1,380,178
11
P.E.D.C. FUND SUMMARY -REVENUES
REVENUES FY 2012 BUDGET
FY 2012 ACTUAL-TO-DATE
FY 2012 % OF BUDGET
FY 2011 ACTUAL-T0-DATE
Sales Tax $6,745,634 $1,852,328 27.5% $1,652,606
Miscellaneous $424,000 $144,569 40.8% $108,730
Interest $24,150 $9,855 34.1% $3,129
TOTAL REVENUE $7,193,784 $2,006,752 27.9% $1,764,465
Sales Tax Collection (Actual) – 27.9% of PEDC Fund budget. Oct. – Dec. totals $1,883,767 which is 4.7% greater than the year-to-date budget of $1,799,467 and $128,384 or 7.3% greater than the actual receipts from last year.
Miscellaneous revenues includes $39,186 for Water/Sewer pro rata reimbursement and rental revenues.
12
P.E.D.C. FUND SUMMARY -EXPENDITURES
EXPENDITURES FY 2012 BUDGET
FY 2012 ACTUAL-TO-DATE
FY 2012 % OF BUDGET
FY 2011 ACTUAL-T0-DATE
Operating $1,422,918 $270,135 19.0% $392,788
Capital $15,000 $0 0.0% $43,613
Transfers $178,857 $45,145 25.2% $45,623
Bond Payment $2,040,906 $0 0.0% $0
Business Incentives $3,358,500 $206,349 6.1% $126,336
TOTAL EXPENDITURES $7,016,181 $521,629 7.4% $608,360
Operating – Includes personnel costs, as well as expenditures associated with marketing and promotional programs.
Transfers – Includes $25,803 to the City for support services and $19,342 to U of H fund.
Bond payment – Bond payment due in February. Will be reflected in second quarter report.
Business Incentives – Include $101,409 for TurboCare and $66,079 for Speed Shore.
13
P.E.D.C. –INCENTIVES
Budgeted Amount for Business Incentives - $3,266,500Current Incentives Committed Prior FY 2012 BalanceCSI $6.4M $4.1M $0 $2.3MSCR HH GP $300K $180K $0 $120KFreese & Nichols $90K $0 $0 $90KAltus Harbor $87.5K $50K $15K $22.5KBrask/Neela, Inc. $150K $0 $0 $150KOTS $124K $0 $16K $108KTurbocare $105K $0 $101K $4KSpeed Shore $80K $0 $66K $14K
14
P.E.D.C. –FUND BALANCE
Beginning Fund Balance - audited $9,240,157 Ending Fund Balance - budget $9,417,760
Expenditure carryover from Fiscal Year 2011 ($0)
Revised Ending Fund Balance - budget $9,417,760 Reserve for Debt Service - ($665,254) Available Ending Fund Balance - $ 8,752,506 Adopted Budget Ending Balance - $ 8,170,907
15
ECONOMIC INDICATORS
PROPERTY TAX COLLECTION SALES TAX COLLECTION – MONTH-TO-MONTH SALES TAX – QUARTER-TO-DATE SINGLE FAMILY PERMITS COMMERCIAL PERMITS BUILDING PERMIT REVENUE HOT TAXES – BY QUARTER
HOT TAXES – BY YEAR UNEMPLOYMENT RATE FORECLOSURE FILINGS
16
PROPERTY TAX COLLECTIONS (Year-to-Date)
$21.1
$43.5
$0
$5
$10
$15
$20
$25
$30
$35
$40
$45
(in
mil
lion
s)
1st Qtr
Amount Collected-Cumulative
Collections Levy
55.7%48.5%
0.0%
50.0%
100.0%
(per
cen
t)
1st Qtr
Percent Collected-Cumulative
FY2011 FY2012
*Percent collected based on 100% of Levy. Budgeted at 98.0%
17
SALES TAXSales Tax Actual-To-Actual and Percent Change
4.8%
6.6%
10.9%
$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
$3.0
Oct Nov Dec
(in m
illio
ns)
0
0.02
0.04
0.06
0.08
0.1
0.12
(per
cent
cha
nge)
FY2011 Actual FY2012 Actual Percent Change
Sales Tax Budget-To-Actual and Percent Change
2.2%
3.9%
8.2%
$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
$3.0
Oct Nov Dec
(in m
illio
ns)
0
0.01
0.02
0.03
0.04
0.05
0.06
0.07
0.08
0.09
(per
cent
cha
nge)
FY2012 Budget FY2012 Actual Percent Change*December reflects actual numbers received in February.
18
SALES TAXTotal Sales Tax
$4.95
$5.65$5.27 $5.40
$0.0
$1.0
$2.0
$3.0
$4.0
$5.0
$6.0
(in m
illio
ns)
FY2010 Actual FY2011 Actual FY2012 Budget FY2012 Actual
*December reflects actual numbers received in February.
19
SALES TAX COMPARISONSCITY
(tax rate)NET
PAYMENT FOR DEC.*
PRIOR YEAR FOR DEC.*
% CHANGE
2012 PAYMENT TO DATE**
2011 PAYMENT TO
DATE**
% CHANGE
PEARLAND (1.5) 2,487,508.62 2,334,497.05 6.55% 4,162,453.21 3,844,979.56 8.25%
PLANO (1.0) 8,523,991.60 7,149,432.02 19.22% 13,160,667.31 12,042,587.90 9.28%
PASADENA (1.5) 2,775,893.05 2,590,682.38 7.14% 4,696,906.89 4,326,065.49 8.57%
SUGAR LAND (2.0) 5,168,289.35 4,810,332.74 7.44% 8,741,926.47 7,775,472.58 12.42%
ROUND ROCK (2.0)
6,850,675.96 6,936,740.46 -1.24% 12,159,345.96 11,466,238.95 6.04%
COLLEGE STATION (1.5)
2,130,425.43 2,081,102.31 2.37% 3,758,257.64 3,552,665.20 5.78%
MCKINNEY (2.0) 3,588,971.25 3,639,672.60 -1.39% 6,187,160.24 6,170,141.90 0.27%
FRISCO (2.0) 5,549,945.91 5,233,927.93 6.03% 9,190,065.71 8,375,539.63 9.72%
LEAGUE CITY (1.75)
1,499,562.46 1,453,805.75 3.14% 3,123,025.37 2,377,510.66 31.35%
BAYTOWN (1.25) 1,484,366.75 1,329,540.17 11.64% 2,438,747.28 2,202,388.50 10.73%
THE WOODLANDS (1.0)***
5,049,901.64 4,706,451.47 7.30% 7,974,381.34 6,998,341.40 13.95%
*Dec. received in February**Calendar year (Jan. – Dec.) ***The Woodlands is a special purpose district.
20
SINGLE FAMILY PERMITS
169
143
188 184176
0
20
40
60
80
100
120
140
160
180
200
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
Num
ber o
f Sin
gle
Fam
ily P
erm
its
FY 11 Actual FY 12 Actual
Single Family Permit and Valuation
$17.57
$8.77$9.47
0
10
20
30
40
50
60
70
80
90
Oct Nov Dec Jan Feb Mar Apr May June July Aug Sept
Num
ber o
f Sin
gle
Fam
ily P
erm
its
$0.0
$5.0
$10.0
$15.0
$20.0
$25.0
$30.0
$35.0
(val
uatio
n in
mill
ions
)
FY 11 Actual FY 12 Actual FY 12 Valuation
21
SINGLE FAMILY PERMITS
First Quarter Comparison
194
169 176
$0
$50
$100
$150
$200
$250
Num
ber o
f Sin
gle
Fam
ily P
erm
its
FY 10 Actual FY 11 Actual FY 12 Actual
Value$35.8M
Value$32.6M
Value$35.2M
22
COMMERCIAL PERMITSCommercial Permits
47
5
8
22
0
5
10
15
20
25
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
No.
of C
omm
erci
al P
erm
its
FY 11 Actual FY 12 Actual
Commercial Permits and Taxable Valuation
0
2
4
6
8
10
12
14
Oct Nov Dec Jan Feb Mar Apr May June July Aug Sept
Num
ber o
f Com
mer
cial
Per
mits
$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
(val
uatio
n in
mill
ions
)
FY 11 Actual FY 12 Actual FY12 Valuation
*Valuation and number exclude exempt properties, multi-family dwellings and apartment garages. A total of 28 buildings (282 units) were permitted for the Villa’s at SCR.
23
COMMERCIAL PERMITS
Grand Total Comparison thru 1st Quarter
19
4
22
0
5
10
15
20
25
Num
ber o
f Com
mer
cial
Per
mits
FY10 Actual FY11 Actual FY12 Actual
*Valuation and number exclude exempt properties, multi-family dwellings, apartment garages and apartment houses. Permit value of the Villa’s at SCR only include maintenance and office/clubhouse facilities.
Value$5.2M
Value$18.6M
Value$5.0M
24
TOTAL BUILDING PERMIT AND BUILDING PLAN FEE REVENUE
$206,958$304,639
$468,722
$740,230
$1,024,905
$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
1st Qtr 2nd Qtr 3rd Qtr 4th Qtr
Year-To-Date Actual
FY 2011 FY 2012
25
HOT TAXESQuarterly Occupancy Tax*
150,586
171,816163,823
187,048
142,661
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000
$160,000
$180,000
$200,000
1st Qtr 2nd Qtr 3rd Qtr 4th Qtr
FY2011 Actual FY2012 Actual
*Reflects amount received each quarter.
26
HOT TAXESYear-to-Date Occupancy Tax*
293,247
480,295
142,661
652,111
163,823
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
1st Qtr 2nd Qtr 3rd Qtr 4th Qtr
FY2011 Actual FY2012 Actual
*Reflects cumulative total thru 4th quarter.
27
UNEMPLOYMENT RATE(Fiscal Year 2012)
Average Rate By Quarter(Pearland/State/National)
7.2
8.18.7
6.76.97.0
6.5
4
6
8
10
1st Qtr 2nd Qtr 3rd Qtr 4th Qtr
FY 2011 (Pearland) FY 2012 (Pearland)FY 2012 State FY 2012 National
Source: Texas Workforce Commission and Federal Bureau of Labor Statistics
28
FORECLOSURE FILINGS(Fiscal Year 2012 – 1st Quarter)
Source: RealtyTrac *Includes ETJ
Note: Multiple filings can occur on one property within a given timeframe and can include:Default notices, auction notices, notice of trustee sale or bank seizure.
Residential Foreclosure Filings (Pearland)
3073 87 67
72
125
169
127
0
50
100
150
200
250
300
FY 2009 FY 2010 FY 2011 FY 2012
77581 77584
102
198
256
Residential Foreclosure Filings By Zip Code(Pearland)
87 67 75 72 64
169127 123 114 96
050
100150200250300
1stQtr-11
1stQtr-12
2ndQtr-11
2ndQtr-12
3rdQtr-11
3rdQtr-12
4thQtr-11
4thQtr-12
77581 77584
194
29
FORECLOSURE FILINGS COMPARISONS
CITY OCTOBER FILINGS
NOVEMBER FILINGS
DECEMBER FILINGS
TOTAL FILINGS FOR 1ST QRTR.
PEARLAND 56 77 61 194
MISSOURI CITY 81 78 82 241
PASADENA 52 64 62 178
SUGAR LAND 38 66 43 147
BAYTOWN 50 63 55 168
CONROE 56 69 68 193
ROUND ROCK 96 75 58 229
MCKINNEY 86 80 96 261
FRISCO 70 56 65 191
ALLEN 47 54 40 141
ROWLETT 26 50 53 129
Note: Multiple filings can occur on one property within a given timeframe and can include:Default notices, auction notices, notice of trustee sale or bank seizure.Based on mailing address/zip codes, not City limits proper.
30
SUMMARY/STATUS OF GRANTS CDBG/CDBG-R
Program Year Allocation/Action Plan accepted and FY12 award funds released in the amount of $272,102. FY12 CDBG infrastructure project funds released upon environmental clearance from HUD.
Program Year 2010 CAPER completed and submitted to HUD Program Year 2010 sidewalk construction in Old Townsite and ½ of Hawk Road awarded to
Brooks Concrete completed in September. Veterans sidewalk completed in Q4 of FY11. Texas Department of Rural Affairs (formerly ORCA) CDBG Funds – Lift Stations $348,000
Funds unreleased to-date pending completion of engineering/design by Cobb-Fenley, according to the program’s intermediary consultant Grantworks.
The legislature has made an official change to the administering agency and the General Land Office will officiate these federal grant funds on behalf of the State. Stricter adherence to eligibility requirements involving Low-Moderate Income demographics may affect additional funding requests submitted beyond 2009 Round 1 application.
Byrne Justice Assistance Grant $11,189 in E. Byrne Memorial JAG funds awarded and for use in FY12, $8,000 available for 4
Dell laptops for Field Training Officers and $3,189 to be used for digital cameras for investigative purposes.
Victim Assistance Grants Continuation application for Criminal Justice Division funding for Crime Victim Liaison released
and Grant Workshop scheduled by HGAC for grant applicants in January of 2012. Crime Victim Specialist hired and placed with $41,999 grant from Office of the Attorney General.
EECBG – Energy Grant Final project activities for Adaptive Traffic Signalization of FM518 from Kirby to FM1128
complete. Program is fully operational and minor adjustments to the detection cameras, ethernet system and traffic cabinet computer technology to be finalized in January 2012. Final payments to Siemens scheduled for January 2012.
31
SUMMARY/STATUS OF GRANTS, con’t
Assistance to Firefighters/SAFER Grants 6 Firefighters have been hired with FEMA Grant Funds. EMS request to assist with the costs of an ambulance unit unfunded by FEMA. The City received
$35,000 from the Department of State Health Services. Bureau of Justice Assistance – Bullet Proof Vests
Purchasing office, Police Department and Fire Marshal’s Office have begun the procurement process for purchases of protective vests with 50% federal match in the amount of $8,027.
Department of Justice – COPS Hiring Recovery Program Formula grant request for 5 sworn officer positions at a total of $973,250 over three years with no
match required was submitted in July. Although no award notice has been received, Justice Department has not rejected our application and indicates federal FY’12 appropriation will determine if an award can be issued to the City.
U.S. Soccer Foundation Request for $65,000 for Musco Lighting and Hunter Irrigation products for Max Road Sports
Complex completed and submitted to the foundation. Home Fire Safety Coalition
Request for $1,000 “Live Burn” grant submitted to provide funding for the reconstruction of the Fire Marshal’s “Live Burn” rooms. First request funded in FY11. Second request submitted in FY12 and notification pending.
Grants Summary Number Amount FY12 Grants Applied For 2 $65,998 Grants Awarded 0 $0 Active Grants 16 $3,106,501
32
INVESTMENTS – 1st QTR. BOOK VALUE
At Sept. 30th 2011 - $85,743,173 At Dec.31st, 2011 - $95,148,547 PORTFOLIO $65,178,545 or 68% in Cash $2,245,000 or 2% in CD’s $27,725,002 or 30% in FHLB/FHLMC/FFCB/FNMA
WEIGHTED AVERAGE MATURITY 80 Days Longest Maturity – 541 days
YIELD TO MATURITY AT COST (avg. for quarter) 0.23% 0.12% (T-Bill benchmark) 0.08% (Agency note benchmark)
33333333
SUMMARY OF MAJOR CAPITAL PROJECTS
Through 12/31/11PROJECT
FUNDEDBUDGET
ACTUAL-TO-DATE
ENCUMB-RANCE REMAINING ANTICIPATED
SAVINGS
City of Houston Connection1 $20,095,519 $18,115,805 $1,478,592 $501,122 $200,000
Max Road Sports Complex $2,624,277 $260,532 $99,835 $2,263,910 $0
Cowart Creek $12,626,450 $10,295,027 $398,593 $1,932,830 $0
Longwood WWTP $4,333,105 $282,424 $181,464 $3,869,217 $0
Barry Rose WWTP $3,753,760 $265,207 $93,159 $3,395,394 $0
Twin Creek Woods LS $2,519,000 $174,846 $69,077 $2,275,077 $0
34343434
SUMMARY OF MAJOR CAPITAL PROJECTS
Through 12/31/11
1Project was bid on June 17, 2010. Savings of $6.0 million already taken.
PROJECT FUNDEDBUDGET
ACTUAL-TO-DATE
ENCUM-BRANCE REMAINING
ANTICIPATEDSAVINGS
Hatfield Sewer $4,634,000 $231,188 $281,200 $4,121,612 $0
Old Alvin Waterline $2,556,718 $126,326 $216,530 $2,213,862 $0
Warrant UpdateSummary 1st Quarter FY12
Jail Credit 617 cases - $213,329 value Warrant Officer 232 cases - $29,032 collected Newspaper 29 cases - $11,977collected ALPR 92 cases - $6,516 collected GIS mapping 3 cases Total number of warrants cleared 2016 Value of all warrants cleared by all means
$731,215 (Not necessarily value of cash received)
Warrant UpdateComparison 1st Qtr FY11 to FY12
FY 11 FY 12Warrants Issued 2,268 2,019
% of FTA 32% 46%
Warrants Cleared 1,991 2,016
Jail Credit 637/$193,853 617/$213,329
Warrant Officer 102 232
ALPR 80 92
Newspaper 66 29
Outstanding 15,075/$4,627,306 15,560/$5,061,086
Warrant UpdateWarrant Activity by Month
FYTD 2011 October November December FYTD 2012
Beginning Bal #
14,737 15,314 15,496 15,626
$ 4,710,599 4,495,613 4,514,898 4,630,470
Issued 8,776 773 732 514 2,019
Cleared—(all means)
9,124 721 663 632 2,016
Outstanding
# 15,314 15,496 15,626 15,560 15,560
$ 4,927,821 5,002,941 5,059,353 5,061,086 5,061,086
% Inc/Dec
38
OTHER NOTEWORTHY HIGHLIGHTS – 1st Qtr.
Closed 2011 fiscal year, including audit schedules, audit completed. To be filed with Council on February 20th.
Produced the FY 2012 budget document and 2012-2016 CIP and put on City’s website.
Identified FY 2011 carryovers and prepared for management review and approval. Council approved in January.
Prepared powerpoint for workshop on Priority Based Budgeting. Revised agenda format to include additional financial information. Council approved parameter sale for refunding of funds. PEDC Analysis for Defeasance of Bonds. HHW At Your Door began October 1 (170 pick-ups; 10,636 lbs.
collected).
39
OTHER NOTEWORTHY HIGHLIGHTS – 1st Qtr.
List of services identified by all Departments for potential outsourcing.
Commercial Recycling began Oct 1st - 6 customers. Utility Billing IVR Implemented P&Z presentations on In-City MUDs.
Continued…