HomeMy WebLinkAboutJune 18, 2013 Complete Agenda PacketTrophy Club Municipal Utility District No. 1
Trophy Club Entities
Meeting Agenda
100 Municipal Drive
Trophy Club, Texas 76262
Svore Municipal Building Boardroom7:00 PMTuesday, June 18, 2013
CALL TO ORDER AND ANNOUNCE A QUORUM
CONSENT AGENDA
All matters listed as Consent Agenda are considered to be routine by the Board of
Directors and will be enacted by one motion. There will not be a separate discussion of
these items. If discussion is desired, that item will be removed from the consent agenda
and will be considered separately.
1.2013-116-M1 Consider and take appropriate action to approve the Consent Agenda.
a. May 15, 2013 Regular Session Minutes
b. May 24, 2013 Special Session Minutes
MAY 15 MINUTES.pdf
MAY 24 MINUTES.pdf
Attachments:
CITIZEN PRESENTATIONS
This is an opportunity for citizens to address the Board on any matter whether or not it
is posted on the agenda. The Board is not permitted to take action on or discuss any
presentations made to the Board at this time concerning an item not listed on the
agenda. The Board will hear presentations on specific agenda items prior to the Board
addressing those items. You may speak up to three (3) minutes or the time limit
determined by the President or presiding officer. To speak during this item you must
complete the Speaker's form that includes the topic(s) of your statement. Topics of
presentation should be limited to matters over which the Board has authority.
REGULAR SESSION
2.2013-105-M1 Consider and take appropriate action to approve Order No. 2013-0618 authorizing the
issuance of Trophy Club Municipal Utility District No. 1 Unlimited Tax Refunding Bonds;
levying an ad valorem tax in support of the bonds; approving an official statement;
authorizing the execution of a paying agent/registrar agreement and an escrow
agreement; establishing procedures for selling and delivering the bonds; engaging bond
counsel and financial advisor; and authorizing other matters related to the issuance of
the bonds.” (McKnight)
Bond Amounts.pdf
Bond Timetable.pdf
Bond Order ver (4) 6.10.pdf
Attachments:
TCMUD#1 Page 1 of 294 Meeting Date: June 18, 2013
June 18, 2013Trophy Club Municipal Utility
District No. 1
Meeting Agenda
3.2013-106-M1 Consider and take appropriate action to approve Interlocal Agreement with Denton
County for tax collection. (Gonzales)
DENTON CO ILA_2013 FINAL.pdfAttachments:
4.2013-107-M1 Consider and take appropriate action to approve the May 2013 Financials. (Gonzales)
Combined May 2013 Financials.pdf
Fund Balances @ 05-31-13.pdf
May 2013 Check Register.pdf
May 2013 Variance report.pdf
Attachments:
5.2013-108-M1 Consider and take appropriate action to approve proposal for Cost of Service Water
and Sewer Rate Analyses and authorize District Manager to execute contract with
selected firm. (Sisk)
Stowe Rate Study Proposal.pdfAttachments:
6.2013-109-M1 Receive staff update regarding wastewater treatment plant tours and review of
improvement needs. (McKnight)
7.2013-114-M1 Consider and take appropriate action regarding MUD building office space. (Carr)
8.2013-110-M1 Receive District Manager Report (McKnight)
a. Water System Operation
b. Waste Water Operation
c. Rate of Flow Control Water Plant Project
d. Indian Creek Water Line Project
e. Finance Update
f. Website Analytics
g. TCEQ Sanitary Survey of Public Water System
h. District Participation in July 4th Activities
i. Audiovisual Equipment for Boardroom
j. Finance Department progress to develop financial statements
Water Graphs.pdf
WW % Removal worksheet May 2013.pdf
WW Monthly Log May 2013.pdf
Utility Billing Report-May 2013.pdf
PID Connections-May 2013.pdf
Attachments:
9.2013-113-M1 Receive Fire Update (D. Thomas)
a. May 2013 Activity
Fire 05-13 Activity Report.pdfAttachments:
CONVENE INTO CLOSED SESSION
TCMUD#1 Page 2 of 294 Meeting Date: June 18, 2013
June 18, 2013Trophy Club Municipal Utility
District No. 1
Meeting Agenda
10.2013-117-M1 Consultation with the District's Attorney on a matter in which the duty of the Attorney to
the Governmental Body under the Disciplinary Rules of Professional Conduct of the
State Bar of Texas clearly conflicts with the Open Meetings Act, pursuant to Section
551.071 (2) of the Texas Open Meetings Act:
a. Interlocal Agreement with the Town of Trophy Club to provide Water Supply and
Wastewater Treatment Services to the Public Improvement District (PID) and Strategic
Partnership Agreement submitted by the Town of Trophy Club
b. Issues related to District Service Territory and CCN Matters
c. Issues related to District Service Territory in Town of Westlake
11. 2013-118-M1 Deliberations pursuant to Section 551.074(a)(1) of the Texas Open Meetings Act regarding the
appointment, employment, evaluation, reassignment, duties, discipline, or dismissal of
a public officer or employee: contract for District Manager.
RECONVENE INTO REGULAR SESSION
12.2013-119-M1 Consider and take appropriate action regarding Closed Session item(s).
13.2013-120-M1 Set workshop meeting date and time to discuss wastewater treatment plant
improvements.
July Calendar.pdfAttachments:
14. 2013-121-M1 Set next regular meeting date: July 16, 2013 at 7:00 p.m.
15.2013-122-M1 Future agenda items.
ADJOURN
* THE BOARD RESERVES THE RIGHT TO ADJOURN INTO A CLOSED SESSION AT
ANY TIME DURING THE MEETING FOR THE PURPOSE OF SEEKING THE ADVICE OF
ITS ATTORNEY ABOUT ANY ITEM ON THE AGENDA OR THAT ARISES AT THE
MEETING, PURSUANT TO SECTION 551.071 OF THE TEXAS GOVERNMENT CODE.
TCMUD#1 Page 3 of 294 Meeting Date: June 18, 2013
June 18, 2013Trophy Club Municipal Utility
District No. 1
Meeting Agenda
CERTIFICATION)
THE STATE OF TEXAS)
COUNTY OF DENTON)
COUNTY OF TARRANT)
THIS CERTIFIES THAT ON JUNE 14, 2013 AT 3:00 P.M., A COPY OF THE ABOVE NOTICE OF A
MEETING OF THE TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1 TO BE HELD ON JUNE
18, 2013, WAS POSTED ON THE FRONT WINDOW OF THE TROPHY CLUB M.U.D.
ADMINISTRATION BUILDING, 100 MUNICIPAL DRIVE, TROPHY CLUB, TEXAS, WHICH IS A
PLACE CONVENIENT TO THE PUBLIC WITHIN THE BOUNDARIES OF THE DISTRICT, AND A
COPY WAS ALSO PROVIDED TO THE COUNTY CLERKS OF DENTON AND TARRANT
COUNTIES, TO BE POSTED ON THEIR WEBSITE AND/OR A BULLETIN BOARD AT A PLACE
CONVENIENT TO THE PUBLIC IN SUCH COUNTY COURT HOUSES, PURSUANT TO SECTION
49.063 OF THE WATER CODE AND SECTION 551.054 OF THE OPEN MEETINGS ACT, CHAPTER
551 TEXAS GOVERNMENT CODE.
________________________________________________________
JENNIFER MCKNIGHT, DISTRICT MANAGER
THIS FACILITY IS WHEELCHAIR ACCESSIBLE AND ACCESSIBLE PARKING SPACES ARE
AVAILABLE. REQUESTS FOR ACCOMMODATIONS OR INTERPRETATIVE SERVICES MUST BE
MADE 48 HOURS PRIOR TO THIS MEETING. PLEASE CONTACT LAURIE SLAGHT AT
682-831-4685 OR FAX YOUR REQUEST TO 817- 491-9312.
I certify that the attached notice and agenda of items to be considered by this Board was
removed by me from the front window of the Svore Municipal Building, 100 Municipal Drive,
Trophy Club, Texas, on the __________ day of ______________________, 2013.
________________________________, Title: ___________________________
TCMUD#1 Page 4 of 294 Meeting Date: June 18, 2013
100 Municipal Drive
Trophy Club, Texas 76262Trophy Club Entities
Legislation Details (With Text)
File #: Version:12013-116-M1 Name:
Status:Type:M1 Agenda Item Regular Session
File created:In control:8/11/2011 Trophy Club Municipal Utility District No. 1
On agenda:Final action:6/18/2013
Title:Consider and take appropriate action to approve the Consent Agenda.
Attachments:MAY 15 MINUTES.pdf
MAY 24 MINUTES.pdf
Action ByDate Action ResultVer.
Title
Consider and take appropriate action to approve the Consent Agenda.
a. May 15, 2013 Regular Session Minutes
b. May 24, 2013 Special Session Minutes
TCMUD#1 Page 5 of 294 Meeting Date: June 18, 2013
REGULAR SESSION MINUTES FROM
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
BOARD OF DIRECTORS
100 MUNICIPAL DRIVE, TROPHY CLUB, TEXAS
May 15, 2013 at 7 P.M.
Svore Municipal Building Boardroom
The Trophy Club Municipal Utility District No. 1 Board of Directors, of Denton and Tarrant Counties, met
in Regular Session on Tuesday, May 15, 2013 at 7:00 P.M., in the Boardroom of the Administration
Building, 100 Municipal Drive, Trophy Club, Texas 76262. The meeting was held within the boundaries of
the District, and was open to the public.
STATE OF TEXAS §
COUNTY OF DENTON §
COUNTY OF TARRANT §
MUD 1 BOARD MEMBERS PRESENT
Nick Sanders President
Jim Thomas Vice President
Kevin Carr Secretary/Treasurer
Jim Moss Director
Bill Armstrong Director
STAFF PRESENT:
Jennifer McKnight District Manager
Laurie Slaght District Secretary
Adrian Womack Utility Superintendent
Renae Gonzales Finance Manager
Terri Sisk Human Resources Manager
Karl Schlielig Wastewater Superintendent
Danny Thomas Fire Chief
Bob West Attorney for the District
Mike Pastor IT Director for Town of Trophy Club
President Sanders announced the date of May 15, 2013, called the meeting to order and announced a
quorum present at 7:00 p.m.
SPECIAL PRESENTATION
1. Presentation of Certificates to the 2013 Citizens Fire Academy Graduates.
Chief Thomas recognized the recent graduates of the Trophy Club Citizens Fire Academy and
presented each a certificate of completion. Certificates were presented to those present including
Russell Carter, Dena Boudreau, Chris McAllister, Larry Myrick, Jim Parrow, William Rees, Pete
Totter, Jack Volkel, Kathryn Geitz, Phil Radaker, and Scott Spooner. Chief Thomas also
recognized those graduates who were unable to attend the meeting including Babette Welch, Tim
Gamache, Chuck Hall, and Toby Boston.
CONSENT AGENDA
2. Consider and take appropriate action to approve the Consent Agenda.
a. April 16, 2013 Regular Session Meeting Minutes
b. April 26, 2013 Special Session Meeting Minutes
c. Quarterly Investment report for the 1st Quarter of 2013
TCMUD#1 Page 6 of 294 Meeting Date: June 18, 2013
Motion made by Director Armstrong, seconded by Secretary/Treasurer Carr, to approve the
consent agenda.
Motion carried unanimously.
CITIZEN PRESENTATIONS
There were no citizens presentations.
REPORTS & UPDATES
3. Receive District Manager's Report
a. Water System Operation
b. Wastewater Operation
c. Finance Update
d. Website Analytics
e. Cash Flow Sheet
District Manager McKnight presented the Manager’s Report including an overview of water pumped and
billed during April, compliant sample results for the wastewater treatment plant, and presented the
updated cash flow sheet.
4. Receive Fire Update
a. April 2013 activity
Chief Thomas presented the April activity report to the Board.
5. Discuss acknowledgement of Northwest ISD Girls Golf Team State Championship on District elevated
water tank.
President Sanders stated that he requested this item be placed on the agenda so the Board could
consider possible ways to recognize the State Championship recently won by the BNHS Girls Golf
Team. He stated this is the first championship title won by the high school. Discussion ensued.
Phillip Shoffner, resident of Trophy Club, suggested the District combine the MUD signs at the
entrances to the Town onto a single stand and add a third sign recognizing the golf team’s
championship win. Direction was provided to staff to stack signs at town entrances on a single
stand to include the superior water system sign, MUD sign, and add a third sign recognizing the
championship title. It was also requested that staff determine a cost for adding a championship
title logo to the East elevated tank and report back to the Board at a later date.
REGULAR SESSION
6. Consider and take appropriate action to approve water and wastewater service to properties outside
the District boundaries and within the corporate boundaries of the Town of Trophy Club.
Motion made by Director Moss, seconded by Secretary/Treasurer Carr, to approve provision of
water and wastewater service to three properties located outside the District boundaries but
within the corporate boundaries of the Town of Trophy Club as indicated in the Town Council
Resolution.
Motion carried unanimously.
7. Consider and take appropriate action to approve bid and authorize District Manager to execute contract
for Rate of Flow Control project at the water treatment plant.
TCMUD#1 Page 7 of 294 Meeting Date: June 18, 2013
Motion made by Director Moss, seconded by Director Armstrong, to approve the bid from Rey-Mar
Construction for $190,000 and authorize the District Manager to execute contract for Rate of Flow
Control project at the water treatment plant.
Motion carried unanimously.
8. Consider and take appropriate action to approve engineering firms for review of development plans
and authorize District Manager to execute engineering contracts.
Motion made by Secretary/Treasurer Carr, seconded by Vice President Thomas, to approve the
proposals from Halff Associates and Teague Nall and Perkins for development review services
and to authorize the District Manager to execute engineering contracts.
Motion carried unanimously.
9. Consider and take appropriate action to adopt District Rate Order 2013-0513 to add Section 1.06.01
(Service to New Development).
Motion made by Secretary/Treasurer Carr, seconded by Vice President Thomas, to adopt Rate
Order 2013-0513 adding Section 1.06.01.
Motion carried unanimously.
10. Consider and take appropriate action regarding proposals for audio/visual upgrades to the
Boardroom.
Mike Pastor, IT Director for the Town, presented proposals he had received regarding possible upgrades
to the AV system in the boardroom. Discussion ensued.
Motion made by President Sanders, seconded by Secretary/Treasurer Carr, to form a committee
made up of two directors, the District Manager, and staff she feels appropriate to meet with a
vendor representative, determine needed upgrades for the boardroom, and bring this item back
next month.
Motion carried unanimously.
President Sanders requested Director volunteers for the committee. Secretary/Treasurer Carr and
Director Armstrong volunteered for the committee.
11. Consider and take appropriate action to approve the April 2013 Financials.
Motion made by Secretary/Treasurer Carr, seconded by Vice President Thomas, to approve the
April 2013 financials as presented.
Motion carried unanimously.
12. Receive staff and board update regarding wastewater treatment plant tours and meeting with the
Texas Commission on Environmental Quality.
District Manager Jennifer McKnight presented photographs of the plant sites that were toured and that
utilize membrane biological reactor (MBR) technology. McKnight explained the benefits of this type of
system and stated operators of the plants were very pleased with the process and ease of operations.
McKnight stated that staff, engineers, the Biomag vendor, and two of the directors had also visited with
TCEQ to see what they would require for innovative technology and to learn about possible future permit
limits. McKnight stated the TCEQ will require additional data about the process to be submitted by the
vendor, will need to feel comfortable this treatment will work in the Texas environment, and if approved
TCMUD#1 Page 8 of 294 Meeting Date: June 18, 2013
will require a performance bond from the vendor for the benefit of the District. TCEQ representatives
stated that they were confident a phosphorous limit will be in the next wastewater discharge permit issued
and possibly a nitrite limit as well. They stated the District should ensure whatever technology is selected
will be able to treat these constituents as well.
13. Consider and take appropriate action to approve Director travel to tour wastewater facilities
representing treatment technologies under consideration for plant improvements.
Motion made by Secretary/Treasurer Carr, seconded by Vice President Thomas, to approve
Director travel to tour wastewater facilities representing treatment technologies under
consideration for plant improvements.
Motion carried unanimously.
14. Consider and take appropriate action to elect officers of the Board of Directors.
a. Elect a President
President Sanders asked Secretary/Treasurer Kevin Carr to receive nominations for the position of
President of the Board. Secretary/Treasurer Kevin Carr called for nominations.
Jim Thomas nominated Kevin Carr for President of the Board. Bill Armstrong nominated Jim
Moss for President of the Board. With no more nominations, Kevin Carr called for a vote for
himself as President. Nick Sanders and Jim Thomas voted for Kevin Carr. Kevin Carr then called
for a vote for Jim Moss as President of the Board. Kevin Carr, Jim Moss, and Bill Armstrong
voted for Jim Moss as President of the Board.
b. Elect a Vice President
President Sanders called for nominations for Vice President of the Board.
Jim Moss nominated Bill Armstrong for Vice President of the Board. With no more nominations,
Nick Sanders called for a vote for Bill Armstrong as Vice President. Approved unanimously.
c. Elect a Secretary/Treasurer
President Sanders called for nominations for Secretary/Treasurer of the Board.
Jim Moss nominated Kevin Carr for Secretary/Treasurer of the Board. With no more nominations,
Nick Sanders called for a vote for Kevin Carr as Secretary/Treasurer. Approved unanimously.
President Sanders announced that board officers have been elected and for the next year Jim Moss will
serve as President, Bill Armstrong will serve as Vice President, and Kevin Carr will serve as
Secretary/Treasurer.
CONVENE INTO CLOSED SESSION
President Sanders announced that pursuant to Section 551.071(2) of the Texas Open Meetings Act the
board will convene into closed session at 9:13 p.m.
15. Consultation with the District's Attorney on a matter in which the duty of the Attorney to the
Governmental Body under the Disciplinary Rules of Professional Conduct of the State Bar of Texas
clearly conflicts with the Open Meetings Act, Pursuant to Section 551.071 (2) of the Texas Open
Meetings Act:
a. Interlocal Agreement with the Town of Trophy Club to provide water supply and wastewater
treatment services to the Public Improvement District (PID).
TCMUD#1 Page 9 of 294 Meeting Date: June 18, 2013
b. Issues related to District service Territory and CCN matters.
c. Issues related to District service Territory in Town of Westlake.
RECONVENE INTO REGULAR SESSION
President Sanders announced that the board will reconvene into open session at 10:58 p.m.
16. Consider and take appropriate action regarding Closed Session item(s).
No action taken.
17. Set next meeting date for June 18, 2013.
18. Recommendations for future agenda item(s): None.
President Moss adjourned the meeting at 10:59 p.m.
___________________________
Jim Moss
President
____________________________ (SEAL)
Kevin R. Carr
Secretary/Treasurer
____________________________
Laurie Slaght
District Secretary
TCMUD#1 Page 10 of 294 Meeting Date: June 18, 2013
SPECIAL SESSION MINUTES FROM
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
BOARD OF DIRECTORS
100 MUNICIPAL DRIVE, TROPHY CLUB, TEXAS
May 24, 2013 at 8:30 A.M.
Svore Municipal Building Boardroom
The Trophy Club Municipal Utility District No. 1 Board of Directors, of Denton and Tarrant Counties, met
in Special Session on Friday, May 24, 2013 at 8:30 A.M., in the Boardroom of the Administration Building,
100 Municipal Drive, Trophy Club, Texas 76262. The meeting was held within the boundaries of the
District, and was open to the public.
STATE OF TEXAS §
COUNTY OF DENTON §
COUNTY OF TARRANT §
MUD 1 BOARD MEMBERS PRESENT
Jim Moss President
Bill Armstrong Vice President
Kevin Carr Secretary/Treasurer
Nick Sanders Director
Jim Thomas Director
STAFF PRESENT:
Jennifer McKnight District Manager
Laurie Slaght MUD Secretary
Bob West MUD Attorney
Tony Corbett MUD Attorney (via telephone conference)
President Moss announced the date of May 24, 2013, called the meeting to order and announced a
quorum present at 8:30 a.m.
CONVENE INTO CLOSED SESSION AT 8:31 a.m.
Consultation with the District's Attorney on a matter in which the duty of the Attorney to the Governmental
Body under the Disciplinary Rules of Professional Conduct of the State Bar of Texas clearly conflicts with
the Open Meetings Act, Pursuant to Section 551.071 (2): of the Texas Open Meetings Act:
a. Interlocal Agreement with the Town of Trophy Club to provide water supply and wastewater
treatment services to the Public Improvement District (PID).
b. Issues related to District service Territory and CCN matters.
c. Issues related to District service Territory in Town of Westlake.
RECONVENE INTO REGULAR SESSION AT 10:55 a.m.
Consider and take appropriate action regarding Closed Session item(s).
No action taken. President Moss stated, “On Tuesday afternoon we received a counter proposal
for water and wastewater service from the Town of Trophy Club. We had received no previous
communication regarding the proposal from the Town. After a brief review of the proposed new
agreement, we recognize this is a very complex matter. The MUD board will take this under
TCMUD#1 Page 11 of 294 Meeting Date: June 18, 2013
advisement to evaluate whether it’s in the best interest of all our customers. The MUD strives to
provide the highest level of water and wastewater service to all our customers.”
President Moss adjourned the meeting at 10:56 A.M.
___________________________
Jim Moss
MUD 1 President
____________________________ (SEAL)
Kevin R. Carr
MUD 1 Secretary/Treasurer
____________________________
Laurie Slaght
MUD 1 District Secretary
TCMUD#1 Page 12 of 294 Meeting Date: June 18, 2013
100 Municipal Drive
Trophy Club, Texas 76262Trophy Club Entities
Legislation Details (With Text)
File #: Version:12013-105-M1 Name:
Status:Type:M1 Agenda Item Regular Session
File created:In control:6/12/2013 Trophy Club Municipal Utility District No. 1
On agenda:Final action:6/18/2013
Title:Consider and take appropriate action to approve Order No. 2013-0618 authorizing the issuance of
Trophy Club Municipal Utility District No. 1 Unlimited Tax Refunding Bonds; levying an ad valorem tax
in support of the bonds; approving an official statement; authorizing the execution of a paying
agent/registrar agreement and an escrow agreement; establishing procedures for selling and
delivering the bonds; engaging bond counsel and financial advisor; and authorizing other matters
related to the issuance of the bonds.” (McKnight)
Attachments:Bond Amounts.pdf
Bond Timetable.pdf
Bond Order ver (4) 6.10.pdf
Action ByDate Action ResultVer.
Title
Consider and take appropriate action to approve Order No. 2013-0618 authorizing the issuance of Trophy Club Municipal
Utility District No. 1 Unlimited Tax Refunding Bonds; levying an ad valorem tax in support of the bonds; approving an
official statement; authorizing the execution of a paying agent/registrar agreement and an escrow agreement;
establishing procedures for selling and delivering the bonds; engaging bond counsel and financial advisor; and
authorizing other matters related to the issuance of the bonds.” (McKnight)
TCMUD#1 Page 13 of 294 Meeting Date: June 18, 2013
Par Values (Original Purchase) of Trophy Club MUD #1 General Obligation Bonds @ 9/30/12
Date of
Issuance
Amount of Issue
(Par)Title of Issue
Principal Balance @
9/30/12
First Callable
Date
Final Pay
Date Project/Reason
July 2003 $1,200,000.00
Trophy Club Municipal Utility District
#2 Unlimited Tax Bonds, Series 2003 $785,000.00 9/1/2013 9/1/2023 FDIC Settlement and costs related to the issuance of the Bonds.
June 2005 $3,134,997.85
Trophy Club Municipal Utility District
#2 Unlimited Tax Refunding Bonds,
Series 2005 $1,480,000.00 9/1/2013 9/1/2023
Refund 2006-2013 maturies of the District's Unlimited Tax Refunding Bonds, Series 1995,
and costs related to the issuance of the Bonds.
April 2010 $2,000,000.00
Trophy Club Municipal Utility District
#1 Unlimited Tax Bonds, Series 2010 $1,935,000.00 9/1/2020 9/1/2031 Trophy Club Fire Station and costs related to the issuance of the Bonds.
March 2012 $2,355,000.00
Trophy Club Municipal Utility District
#1 Unlimited Tax Refunding Bonds,
Series 2012 $2,355,000.00 9/1/2020 9/1/2023 Refund MUD #2 Unlimited Tax Bonds, 2002 and costs related to the issuance of the Bonds.
Total $6,555,000.00
*Bonds highlighted are the bonds that will be refinanced at a lower interest rate. Refunding will not extend the Final Pay Date.
7/30/12 RGonzalesTCMUD#1 Page 14 of 294 Meeting Date: June 18, 2013
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO.1
$1,910,000*
UNLIMITED TAX REFUNDING BONDS
SERIES 2013
Revised Timetable
As of June 13, 2013
Date Action Required
05-02-13 (Th) Southwest Securities (SWS) submits timetable and preliminary refunding calculations
to District officials and Bond Counsel.
05-20-13 (M) Southwest Securities (SWS) submits Official Statement Request for Information (RFI)
to District officials.
06-5-13 (W) SWS receives completed RFI and related documents from the District
06-10-13 (M) SWS submits initial draft of Preliminary Official Statement (POS) to all parties for
review and comments
06-13-13 (M) SWS receives comments on POS from all parties
06-14-13 (F) SWS submits POS and other financing documents to S&P rating agency
06-18-13 (T) Regular meeting of the Board of Directors to discuss the issuance of Unlimited
Tax Refunding Bonds, Series 2013 (the “Bonds”), to adopt a Parameters Sale
Order authorizing the issuance of the Bonds, and to name a Delegated Pricing
Agent to verify and execute the sale documents (7:00 pm)
06-20-13 (Th) Post POS to the SWS Internet Website and distribute to investment community
06-20-13 (F) S&P rating conference call 3:30 pm
06-25-13 (T) Receive underlying S&P bond rating
06-27-13 (Th) • Analyze market conditions, price & offer Bonds to prospective buyers
• Underwriter to order CUSIP numbers for the Bonds
06-28-13 (F) Delegated Pricing Agent verifies sale parameters and executes sale
documents.
07-03-13 (W) Print and distribute Final Official Statement (OS) and post Final OS to SWS website
07-23-13 (T) SWS notifies all parties of closing/delivery instructions
07-31-13 (W) Payment for and delivery of the Bonds
08-01-13 (Th) Notices of Redemption sent to Bondholders (at least 30 days prior to Redemption
Date) (Latest date for Notices to be sent 08-01-13)
09-01-13 (Sun) Redemption of the currently callable 2005 Unlimited Tax Refunding Bonds
Note: Bold entries indicate dates/actions that require the District’s participation.
______________
* Preliminary, subject to change.
TCMUD#1 Page 15 of 294 Meeting Date: June 18, 2013
ORDER
ORDER AUTHORIZING THE ISSUANCE OF TROPHY CLUB MUNICIPAL
UTILITY DISTRICT NO. 1 UNLIMITED TAX REFUNDING BONDS;
LEVYING AN AD VALOREM TAX IN SUPPORT OF THE BONDS;
APPROVING AN OFFICIAL STATEMENT; AUTHORIZING THE
EXECUTION OF A PAYING AGENT/REGISTRAR AGREEMENT AND AN
ESCROW AGREEMENT; ESTABLISHING PROCEDURES FOR SELLING
AND DELIVERING THE BONDS; AND AUTHORIZING OTHER MATTERS
RELATED TO THE ISSUANCE OF THE BONDS
TCMUD#1 Page 16 of 294 Meeting Date: June 18, 2013
TABLE OF CONTENTS
ARTICLE ONE .............................................................................................................................. 2
PREAMBLE ................................................................................................................................... 2
SECTION 1.01 INCORPORATION OF PREAMBLE............................................................. 2
ARTICLE TWO.............................................................................................................................. 2
DEFINITIONS AND INTERPRETATIONS ................................................................................. 2
SECTION 2.01. DEFINITIONS. ............................................................................................ 2
SECTION 2.02. INTERPRETATIONS. .................................................................................. 6
ARTICLE THREE .......................................................................................................................... 6
AUTHORIZATION, REGISTRATION, EXECUTION, ............................................................... 6
AND AUTHENTICATION OF BONDS ....................................................................................... 6
SECTION 3.01. AMOUNT, NAME, PURPOSE, AND AUTHORIZATION....................... 6
SECTION 3.02. DATE, DENOMINATIONS, NUMBERS, DELEGATION TO PRICING
OFFICER………………….. ...................................................................................................... 7
SECTION 3.03. PAYMENT OF PRINCIPAL AND INTEREST. ......................................... 8
SECTION 3.04. SUCCESSOR REGISTRARS. ...................................................................... 9
SECTION 3.05. SPECIAL RECORD DATE. ......................................................................... 9
SECTION 3.06. REGISTERED OWNERS. ............................................................................ 9
SECTION 3.07. EXECUTION OF BONDS. .......................................................................... 9
SECTION 3.08. AUTHENTICATION. ................................................................................. 10
ARTICLE FOUR .......................................................................................................................... 10
REGISTRATION, TRANSFER, AND EXCHANGE ................................................................. 10
SECTION 4.01. REGISTRATION, TRANSFER, AND EXCHANGE. ............................... 10
SECTION 4.02. MUTILATED, LOST, OR STOLEN BONDS. .......................................... 11
SECTION 4.03. CANCELLATION OF BONDS. ................................................................ 12
SECTION 4.04. BOOK-ENTRY-ONLY SYSTEM. ............................................................. 12
ARTICLE FIVE ............................................................................................................................ 13
REDEMPTION OF BONDS BEFORE MATURITY .................................................................. 13
SECTION 5.01. REDEMPTION OF BONDS....................................................................... 13
ARTICLE SIX .............................................................................................................................. 14
FORM OF BOND ......................................................................................................................... 14
SECTION 6.01. FORM OF BOND. ...................................................................................... 14
SECTION 6.02. REGISTRATION OF INITIAL BOND BY STATE COMPTROLLER
AND CERTIFICATE. .............................................................................................................. 24
SECTION 6.03. FORM OF AUTHENTICATION CERTIFICATE. .................................... 24
SECTION 6.04. FORM OF ASSIGNMENT. ........................................................................ 25
SECTION 6.05. CUSIP REGISTRATION............................................................................ 25
SECTION 6.06. LEGAL OPINION AND BOND INSURANCE......................................... 25
ARTICLE SEVEN ........................................................................................................................ 26
SECURITY FOR THE BONDS ................................................................................................... 26
SECTION 7.01. GENERAL. ................................................................................................. 26
SECTION 7.02. LEVY OF TAX. .......................................................................................... 26
SECTION 7.03. PAYMENT OF BONDS AND PERFORMANCE OF OBLIGATIONS. .. 27
SECTION 7.04. CONSOLIDATION OR DISSOLUTION OF DISTRICT. ........................ 27
ARTICLE EIGHT ......................................................................................................................... 28
i
TCMUD#1 Page 17 of 294 Meeting Date: June 18, 2013
FLOW OF FUNDS AND INVESTMENTS ................................................................................ 28
SECTION 8.01. FUNDS, FLOW OF FUNDS. ..................................................................... 28
SECTION 8.02. SECURITY OF FUNDS. ............................................................................ 28
SECTION 8.03. DEBT SERVICE FUND; TAX LEVY. ..................................................... 28
SECTION 8.04. ESCROW FUND. ....................................................................................... 28
SECTION 8.05. INVESTMENTS; EARNINGS. .................................................................. 29
ARTICLE NINE ........................................................................................................................... 29
APPLICATION OF FUNDS ........................................................................................................ 29
SECTION 9.01. BOND PROCEEDS. ................................................................................... 29
SECTION 9.02. ACCRUED INTEREST. ............................................................................. 29
SECTION 9.03. ESCROW FUND. ....................................................................................... 29
ARTICLE TEN ............................................................................................................................. 29
PROVISIONS CONCERNING FEDERAL INCOME TAX EXCLUSION ............................... 29
SECTION 10.01. COVENANTS REGARDING TAX EXEMPTION OF INTEREST ON
THE BONDS………… ............................................................................................................ 29
ARTICLE ELEVEN ..................................................................................................................... 32
ADDITIONAL BONDS AND REFUNDING BONDS ............................................................... 32
SECTION 11.01. ADDITIONAL BONDS............................................................................ 32
SECTION 11.02. OTHER BONDS. ...................................................................................... 32
SECTION 11.03. REFUNDING BONDS. ............................................................................ 32
ARTICLE TWELVE .................................................................................................................... 33
DEFAULT PROVISIONS ............................................................................................................ 33
SECTION 12.01. REMEDIES IN EVENT OF DEFAULT. ................................................. 33
SECTION 12.02. BOND ORDER IS CONTRACT. ............................................................. 34
ARTICLE THIRTEEN ................................................................................................................. 34
DISCHARGE BY DEPOSIT ........................................................................................................ 34
SECTION 13.01. DEFEASANCE OF BONDS. ................................................................... 34
ARTICLE FOURTEEN ................................................................................................................ 35
MISCELLANEOUS PROVISIONS ............................................................................................. 35
SECTION 14.01. DISTRICT'S SUCCESSORS AND ASSIGNS. ........................................ 35
SECTION 14.02. NO RECOURSE AGAINST DISTRICT OFFICERS OR DIRECTORS. 36
SECTION 14.03. REGISTRAR. ............................................................................................ 36
SECTION 14.04. REGISTRAR MAY OWN BONDS. ........................................................ 36
SECTION 14.05. BENEFITS OF ORDER PROVISIONS. .................................................. 36
SECTION 14.06. UNAVAILABILITY OF AUTHORIZED PUBLICATION. ................... 36
SECTION 14.07. SEVERABILITY CLAUSE. ..................................................................... 36
SECTION 14.08. ACCOUNTING......................................................................................... 36
SECTION 14.09. FURTHER PROCEEDINGS. ................................................................... 37
ARTICLE FIFTEEN ..................................................................................................................... 37
SALE AND DELIVERY OF BONDS ......................................................................................... 37
AND APPROVAL OF DOCUMENTS ........................................................................................ 37
SECTION 15.01. SALE OF BONDS. ................................................................................... 37
SECTION 15.02. APPROVAL, REGISTRATION, AND DELIVERY. .............................. 37
SECTION 15.03 APPROVAL OF OFFERING DOCUMENTS, PAYING
AGENT/REGISTRAR AGREEMENT AND ESCROW AGREEMENT. .............................. 37
SECTION 15.04. REFUNDING OF REFUNDED BONDS. ............................................... 38
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ARTICLE SIXTEEN .................................................................................................................... 38
OPEN MEETING AND EFFECTIVE DATE .............................................................................. 38
SECTION 16.01. OPEN MEETING...................................................................................... 38
SECTION 16.02. EFFECTIVE DATE OF BOND ORDER. ................................................ 39
ARTICLE SEVENTEEN.............................................................................................................. 39
AMENDMENTS .......................................................................................................................... 39
SECTION 17.01. AMENDMENTS. ....................................................................................... 39
ARTICLE EIGHTEEN ................................................................................................................. 40
OTHER ACTIONS AND MATTERS.......................................................................................... 40
SECTION 18.01. OTHER ACTIONS. .................................................................................... 40
SECTION 18.02. ADDITIONAL BOND INSURANCE PROVISIONS. .............................. 41
SECTION 18.03. PAYMENT OF ATTORNEY GENERAL FEE. ........................................ 41
ARTICLE NINETEEN ................................................................................................................. 41
CONTINUING DISCLOSURE .................................................................................................... 41
SECTION 19.01. CONTINUING DISCLOSURE UNDERTAKING. ................................. 41
Exhibit "A"
Exhibit "B"
Exhibit "C"
Exhibit "D"
EXHIBITS
Paying Agent/Registrar Agreement
Escrow Agreement
Form of Notices of Redemption
Written Procedures
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ORDER AUTHORIZING THE ISSUANCE OF TROPHY CLUB
MUNICIPAL UTILITY DISTRICT NO. 1 UNLIMITED TAX
REFUNDING BONDS; LEVYING AN AD VALOREM TAX IN SUPPORT
OF THE BONDS; APPROVING AN OFFICIAL STATEMENT;
AUTHORIZING THE EXECUTION OF A PAYING AGENT/REGISTRAR
AGREEMENT AND AN ESCROW AGREEMENT; ESTABLISHING
PROCEDURES FOR SELLING AND DELIVERING THE BONDS; AND
AUTHORIZING OTHER MATTERS RELATED TO THE ISSUANCE OF
THE BONDS
THE STATE OF TEXAS '
COUNTIES OF DENTON AND TARRANT '
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1 '
WHEREAS, Trophy Club Municipal Utility District No. 1 (the "District") is a
conservation and reclamation district, a body corporate and politic and governmental agency of
the State of Texas, created as a municipal utility district pursuant to Article 16, Section 59, of the
Texas Constitution by Order of the Texas Commission on Environmental Quality, the successor
in interest to the Texas Water Commission (collectively, the "Commission"), and the District
operates pursuant to Chapters 49 and 54 of the Texas Water Code, as amended (the "Act");
WHEREAS, the District is the successor by merger and consolidation of Trophy Club
Municipal Utility District No. 1 ("Prior MUD 1") and Trophy Club Municipal Utility District
No. 2 ("Prior MUD 2" and with Prior MUD 1, the "Prior MUDs") pursuant to a consolidation
election held in the District on May 9, 2009 (the "Consolidation Election") by which the District
consolidated the Prior MUDs into the District and assumed all outstanding and voted but
unissued bonds and taxes of the Prior MUDs; and
WHEREAS, the District currently has outstanding its Trophy Club Municipal Utility
District No. 2 Unlimited Tax Bonds, Series 2003 and Trophy Club Municipal Utility District No.
2 Unlimited Tax Bonds, Series 2005 (the "Outstanding Bonds"); and
WHEREAS, the District now desires to issue refunding bonds to refund all or part of the
Outstanding Bonds (the "Refundable Bonds", and those Refundable Bonds designated by the
Pricing Officer in the Pricing Certificate, each as defined herein, to be refunded are herein
referred to as the "Refunded Bonds"); and
WHEREAS, all the Refunded Bonds mature or are subject to redemption prior to
maturity within 20 years of the date of the bonds hereinafter authorized; and
WHEREAS, the refunding bonds hereafter authorized are being issued and delivered
pursuant to Chapter 1207, Texas Government Code, as amended ("Chapter 1207"); and
WHEREAS, Chapter 1207 authorizes the District to issue refunding bonds and to
deposit the proceeds from the sale thereof together with any other available funds or resources,
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directly with a place of payment (paying agent) for the Refunded Bonds or eligible trust
company or commercial bank, and such deposit, if made before such payment dates, shall
constitute the making of firm banking and financial arrangements for the discharge and final
payment of the Refunded Bonds; and
WHEREAS, Chapter 1207 further authorizes the District to enter into an escrow
agreement with respect to the safekeeping, investment, reinvestment, administration and
disposition of any such deposit, upon such terms and conditions as the District and such escrow
agent may agree, provided that such deposits may be invested and reinvested in Defeasance
Securities, as defined herein; and
WHEREAS, the Escrow Agreement hereinafter authorized, constitutes an agreement of
the kind authorized and permitted by Chapter 1207; and
WHEREAS, the Board of Directors of the District deems it advisable and in the best
interest of the District to refund the Refunded Bonds in order to achieve a gross debt service
savings of at least $140,000 with such savings, among other information and terms to be
included in a Pricing Certificate to be executed by the Pricing Officer, both as hereinafter
defined, all in accordance with the provisions of Chapter 1207, including Section 1207.007
thereof;
THEREFORE, BE IT ORDERED BY THE BOARD OF DIRECTORS OF
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1:
ARTICLE ONE
PREAMBLE
SECTION 1.01 INCORPORATION OF PREAMBLE. The Board of Directors of the
Trophy Club Municipal Utility District No. 1 (the "District") hereby incorporates the recitals set
forth in the preamble hereto as if set forth in full at this place and further finds and determines
that the recitals are true and correct.
ARTICLE TWO
DEFINITIONS AND INTERPRETATIONS
SECTION 2.01. DEFINITIONS. When used in this Order, except in Article Six,
and in any resolution, order or amendatory or supplemental order hereto, the terms listed below
shall have the meanings specified below, unless it is otherwise expressly provided or unless the
context otherwise requires:
"Accreted Value" shall mean, with respect to a Premium Compound Interest Bond, as of
any particular date of calculation, the original principal amount thereof, plus all interest accrued
and compounded to the particular date of calculation, as determined in accordance with the
Pricing Certificate and the Accretion Table attached as an exhibit to the Pricing Certificate
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relating to the Bonds that shows the Accreted Value per $5,000 maturity amount on the
calculation date of maturity to its maturity.
"Accretion Table" means the exhibit attached to the Pricing Certificate that sets forth the
rounded original principal amounts at the Issuance Date for the Premium Compound Interest
Bonds and the Accreted Values and maturity amounts thereof as of each Compounding Date
until final maturity.
"Additional Bonds" means the additional bonds payable from ad valorem taxes which the
Board expressly reserves the right to issue in Article Eleven of this Bond Order.
"Authorized Denominations" means the denomination of $5,000 or any integral multiple
thereof with respect to the Current Interest Bonds and in the denomination of $5,000 in maturity
amount or any integral multiple thereof with respect to the Premium Compound Interest Bonds.
"Authorized Investments" means such investments authorized pursuant to the investment
policy of the District and Chapter 2256 of the Texas Government Code, as amended.
"Board of Directors" or "Board" means the governing body of the District.
"Bond Insurer" means the insurer of the bonds, if any, as designated in the Pricing
Certificate.
"Bonds" shall mean and include collectively the Premium Compound Interest Bonds and
Current Interest Bonds initially issued and delivered pursuant to this Order and the Pricing
Certificate and all substitute Bonds and Bonds exchanged therefor, as well as all other substitute
bonds and replacement bonds issued pursuant hereto, and the term "Bond" shall mean any of the
Bonds.
"Bond Order" or "Order" means this Order of the Board of Directors authorizing the
issuance of the Bonds.
"Business Day" means any day which is not a Saturday, Sunday or a day on which the
Paying Agent/Registrar is authorized by law or executive order to remain closed.
"Compounded Amount" shall mean, with respect to a Premium Compound Interest Bond,
as of any particular date of calculation, the original principal amount thereof plus all interest
accrued and compounded to the particular date of calculation.
"Compounding Date" means the amounts as of any September 1 and March 1 as set forth
in the Accretion Table.
"Current Interest Bonds" shall mean the Bonds paying current interest and maturing in
each of the years and in the aggregate principal amounts set forth in the Pricing Certificate.
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"Defeasance Securities" means (i) Federal Securities, (ii) noncallable obligations of an
agency or instrumentality of the United States of America, including obligations that are
unconditionally guaranteed or insured by the agency or instrumentality and that, on the date the
Board of Directors adopts or approves proceedings authorizing the issuance of refunding bonds
or otherwise provide for the funding of an escrow to effect the defeasance of the Bonds are rated
as to investment quality by a nationally recognized investment rating firm not less than "AAA"
or its equivalent, (iii) noncallable obligations of a state or an agency or a county, municipality, or
other political subdivision of a state that have been refunded and that, on the date the Board of
Directors adopts or approves proceedings authorizing the issuance of refunding bonds or
otherwise provide for the funding of an escrow to effect the defeasance of the Bonds, are rated as
to investment quality by a nationally recognized investment rating firm no less than "AAA" or its
equivalent, and (iv) any other then authorized securities or obligations under applicable State law
that may be used to defease obligations such as the Bonds.
"District" means Trophy Club Municipal Utility District No. 1 and any other public
agency succeeding to the powers, rights, privileges, and functions of the District and, when
appropriate, the Board of Directors of the District.
"Escrow Agent" means The Bank of New York Mellon Trust Company, N.A. or any
successor escrow agent under the Escrow Agreement.
"Escrow Agreement" means the agreement by and between the District and the Escrow
Agent relating to the defeasance of the Refunded Bonds.
"Exchange Bonds" means Bonds registered, authenticated, and delivered by the Registrar,
as provided in Section 4.01 of this Bond Order.
"Federal Securities" as used herein means direct, noncallable obligations of the United
States of America, including obligations that are unconditionally guaranteed by the United States
of America (including Interest Strips of the Resolution Funding Corporation).
"Fiscal Year" means the twelve-month accounting period for the District, which presently
is the twelve-month period beginning on October 1 of each year and ending on September 30 of
the following year, but which may be changed from time to time by the Board of Directors.
"Initial Bond" means the Bond authorized, issued, and initially delivered as provided in
Section 3.02 of this Bond Order.
"Interest Payment Date" means a date on which interest on the Current Interest Bonds is
due and payable as set forth in the Pricing Certificate.
"Issuance Date" means the date of delivery of the Bonds.
"MSRB" shall mean the Municipal Securities Rulemaking Board.
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"Outstanding" when used with reference to Bonds, means, as of a particular date, all
Bonds theretofore and thereupon delivered except; (a) any Bond canceled by or on behalf of the
District at or before said date, (b) any Bond defeased or no longer considered Outstanding
pursuant to the provisions of this Order or otherwise defeased as permitted by applicable law and
(c) any such Bond in lieu of or in substitution for which another Bond shall have been delivered
pursuant to this Order.
"Outstanding Bonds" means the District's outstanding Trophy Club Municipal Utility
District No. 2 Unlimited Tax Bonds, Series 2003, dated July 1, 2003, issued in the original
principal amount of $1,200,000 and the District's outstanding Trophy Club Municipal Utility
District No. 2 Unlimited Tax Bonds, Series 2005, dated June 1, 2005, issued in the original
principal amount of $3,134,997.85.
"Premium Compound Interest Bonds" shall mean the Bonds on which no interest is paid
prior to maturity, maturing in various amounts and in the aggregate principal amount as set forth
in the Pricing Certificate.
"Pricing Certificate" means the Pricing Certificate of the District's Pricing Officer to be
executed and delivered pursuant to Section 3.02 hereof in connection with the issuance of the
Bonds.
"Pricing Officer" means the President of the Board of the District, the General Manager
of the District and the Finance Manager, individually, acting as the designated pricing officer of
the District to execute the Pricing Certificate.
"Record Date" means the 15th calendar day of the month next preceding each Interest
Payment Date, whether or not such dates are Business Days.
"Redemption Date" means a date fixed for redemption of any Bond pursuant to the terms
of this Bond Order and the Pricing Certificate.
"Refundable Bonds" means any of the District's Outstanding Bonds that are subject to
redemption prior to maturity.
"Refunded Bonds" means those Refundable Bonds to be refunded as designated by the
Pricing Officer in the Pricing Certificate.
"Register" means the registry system maintained on behalf of the District by the Registrar
in which are listed the names and addresses of the Registered Owners and the principal amount
of Bonds registered in the name of each Registered Owner.
"Registered Owner" or "Owner" means any person or entity in whose name a Bond is
registered.
"Registrar" or "Paying Agent/Registrar" means The Bank of New York Mellon Trust
Company, N.A., or such other bank, trust company, financial institution, or other entity as may
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hereafter be designated by the District to act as paying agent and registrar for the Bonds in
accordance with the terms of this Bond Order.
"Replacement Bonds" means the Bonds authorized by the District to be issued in
substitution for lost, apparently destroyed, or wrongfully taken Bonds as provided in Section
4.02 of this Bond Order.
"Rule" shall mean SEC Rule 15c2-12, as amended from time to time.
"SEC" shall mean the United States Securities and Exchange Commission.
"Special Project Bonds" shall mean those bonds the District reserves the right to issue in
Article Eleven of this Order.
"System" shall mean the works, improvements, facilities, plants, equipment, and
appliances comprising the waterworks, sanitary sewer, and drainage system of the District now
owned or to be hereafter purchased, constructed, or otherwise acquired whether by deed,
contract, or otherwise, together with any additions or extensions thereto or improvements and
replacements thereof, and the water and/or sewer and/or drainage facilities which the District
may purchase or acquire with the proceeds of the sale of Special Project Bonds, so long as such
Special Project Bonds are outstanding, notwithstanding that such facilities may be physically
connected with the System.
"Underwriter" means the senior managing underwriter as selected by the Pricing Officer,
and such additional investment banking firms as the Pricing Officer deems appropriate.
SECTION 2.02. INTERPRETATIONS. The titles and headings of the articles
and sections and the page numbers of this Bond Order have been inserted for convenience of
reference only and are not to be considered a part hereof and shall not in any way modify or
restrict any of the terms or provisions hereof. This Bond Order and all the terms and provisions
hereof shall be liberally construed to effectuate the purposes set forth herein and to sustain the
validity of the Bonds and the validity of the taxes levied in payment thereof.
ARTICLE THREE
AUTHORIZATION, REGISTRATION, EXECUTION,
AND AUTHENTICATION OF BONDS
SECTION 3.01. AMOUNT, NAME, PURPOSE, AND AUTHORIZATION.
Each Bond issued pursuant to this Bond Order shall be known and designated: "TROPHY CLUB
MUNICIPAL UTILITY DISTRICT NO. 1 UNLIMITED TAX REFUNDING BOND, SERIES
2013", and the Bonds are hereby authorized to be issued and delivered in the maximum
aggregate principal amount not to exceed $1,910,000 for the purpose of refunding the Refunded
Bonds and paying certain costs of issuing the Bonds. The title of each of the Bonds shall be
designated by the year in which it is awarded pursuant to Section 3.02 below. The authority of
the Pricing Officer to execute a Pricing Certificate shall expire at 5:00 p.m. on December 18,
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2013. Bonds priced on or before December 18, 2013 may close after such date.
SECTION 3.02. DATE, DENOMINATIONS, NUMBERS, DELEGATION TO
PRICING OFFICER. (a) There initially shall be issued, sold and delivered fully registered
bonds, without interest coupons, which may be in the form of Current Interest Bonds or Premium
Compound Interest Bonds, numbered consecutively from R-1 upward, in the case of Current
Interest Bonds, and from PC-1 upward, in the case of Premium Compound Interest Bonds
(except the initial Bonds delivered to the Attorney General of the State of Texas which shall be
numbered T-1 and TPC-1, respectively) payable to the respective initial Registered Owners
thereof, or to the registered assignee or assignees of said Bonds or any portion or portions
thereof, in Authorized Denominations, maturing not later than September 1, 2023, serially or
otherwise on the dates, in the years and in the principal amounts, respectively, and dated, all as
set forth in the Pricing Certificate to be executed and delivered by the Pricing Officer pursuant to
subsection (b) of this Section. The Pricing Certificate is hereby incorporated in and made a part
of this Order and shall be filed in the minutes of the Board as a part of this Order.
(b) As authorized by Section 1207.007, Texas Government Code, as amended, the
Pricing Officer is hereby authorized to act on behalf of the District in selling and delivering the
Bonds, determining which of the Refundable Bonds shall be refunded and constitute "Refunded
Bonds" under this Order and carrying out the other procedures specified in this Order, including
determining the date of the Bonds, any additional or different designation or title by which the
Bonds shall be known, the price at which the Bonds will be sold, the years in which the Bonds
will mature, the principal amount to mature in each of such years, the aggregate principal amount
of Current Interest Bonds and Premium Compound Interest Bonds, the rate of interest to be
borne by each such maturity, the interest payment periods, the dates, price, and terms upon and at
which the Bonds shall be subject to redemption prior to maturity at the option of the District, as
well as any mandatory sinking fund redemption provisions, and all other matters relating to the
issuance, sale, and delivery of the Bonds and the refunding of the Refunded Bonds, all of which
shall be specified in the Pricing Certificate; provided that (i) the price to be paid for the Bonds
shall not be less than 90% of the aggregate original principal amount thereof plus accrued
interest thereon from its date to its delivery, (ii) none of the Bonds shall bear interest at a rate, or
yield in the case of Premium Compound Interest Bonds, greater than the maximum authorized by
law, and (iii) the maturity of the Bonds may not be later than September 1, 2023, (iv) the
refunding must produce a gross debt service savings of at least $140,000. In establishing the
aggregate principal amount of the Bonds, the Pricing Officer shall establish an amount not to
exceed the amount authorized in Section 3.01, which shall be sufficient to provide for the
purposes for which the Bonds are authorized and to pay the costs of issuing the Bonds.
(c) To achieve advantageous borrowing costs for the District, the Bonds shall be sold
on a negotiated, placement or competitive basis as determined by the Pricing Officer in the
Pricing Certificate. In determining whether to sell the Bonds by negotiated, placement or
competitive sale, the Pricing Officer shall take into account any material disclosure issues which
might exist at the time, the market conditions expected at the time of the sale and any other
matters which, in the judgment of the Pricing Officer, might affect the net borrowing costs on the
Bonds.
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If the Pricing Officer determines that the Bonds should be sold at a competitive sale, the
Pricing Officer shall cause to be prepared a notice of sale and official statement in such manner
as the Pricing Officer deems appropriate, to make the notice of sale and official statement
available to those institutions and firms wishing to submit a bid for the Bonds, to receive such
bids, and to award the sale of the Bonds to the bidder submitting the best bid in accordance with
the provisions of the notice of sale.
If the Pricing Officer determines that the Bonds should be sold by a negotiated sale or
placement, the Pricing Officer shall designate SAMCO Capital Markets as the placement
purchaser or the underwriter for the Bonds. The Pricing Officer, acting for and on behalf of the
District, is authorized to enter into and carry out a purchase agreement or other agreement for the
Bonds to be sold by negotiated sale or placement, with the underwriters or placement purchasers
at such price, with and subject to such terms as determined by the Pricing Officer pursuant to
Section 3(b) above.
(d) The Current Interest Bonds shall bear interest calculated on the basis of a 360-day
year composed of twelve 30-day months from the dates specified in the FORM OF BOND set
forth in this Order to their respective dates of maturity or redemption at the rates per annum set
forth in the Pricing Certificate.
The Premium Compound Interest Bonds shall bear interest from the Issuance Date,
calculated on the basis of a 360-day year composed of twelve 30-day months (subject to
rounding to the Compounded Amounts thereof), compounded on the Compounding Dates as set
forth in the Pricing Certificate, and payable, together with the principal amount thereof, in the
manner provided in the Form of Bond at the rates set forth in the Pricing Certificate. Attached to
the Pricing Certificate, if Premium Compound Interest Bonds are to be issued, shall be the
Accretion Table. The Accreted Value with respect to any date other than a Compounding Date
is the amount set forth on the Accretion Table with respect to the last preceding Compounding
Date, plus the portion of the difference between such amount and the amount set forth on the
Accretion Table with respect to the next succeeding Compounding Date that the number of days
(based on 30-day months) from such last preceding Compounding Date to the date for which
such determination is being calculated bears to the total number of days (based on 30-day
months) from such last preceding Compounding Date to the next succeeding Compounding
Date.
SECTION 3.03. PAYMENT OF PRINCIPAL AND INTEREST. The Registrar
is hereby appointed as the paying agent for the Bonds. The principal of the Bonds, shall be
payable, without exchange or collection charges, in any coin or currency of the United States of
America which, on the date of payment, is legal tender for the payment of debts due the United
States of America, upon their presentation and surrender as they become due and payable,
whether at maturity or by prior redemption in the case of the Bonds, at the office for payment of
the Registrar. The interest on each Bond shall be payable on as set forth in the Pricing
Certificate by check or draft payable on the Interest Payment Date, mailed by the Registrar on or
before each Interest Payment Date to the Registered Owner as shown on the Register on the
Record Date or, at the request of a Registered Owner, and at the Registered Owner's risk and
expense, in such other manner as may be acceptable to the Registered Owner and the Registrar.
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Any accrued interest payable at maturity or earlier redemption, in the case of the Bonds, shall be
paid upon presentation and surrender of the Bond to which such interest appertains.
If the date for payment on any Bond is not a Business Day, then the date for such
payment shall be the next succeeding Business Day, and payment on such date shall have the
same force and effect as if made on the original date payment was due.
SECTION 3.04. SUCCESSOR REGISTRARS. The District covenants that at all
times while any Bonds are outstanding it will provide a bank, trust company, financial institution
or other entity duly qualified and duly authorized to act as Registrar for the Bonds. The District
reserves the right to change the Registrar on not less than 30 days written notice to the Registrar,
so long as any such notice is effective at such time as to not disrupt payment on the next
succeeding principal or interest payment date on the Bonds. Promptly upon the appointment of
any successor Registrar, the previous Registrar shall deliver the Register or copies thereof to the
new Registrar, and the new Registrar shall notify each Registered Owner, by United States mail,
first-class postage prepaid, of such change and of the address of the new Registrar. Each
Registrar hereunder, by acting in that capacity, shall be deemed to have agreed to the provisions
of this Section.
SECTION 3.05. SPECIAL RECORD DATE. If interest on any Bond is not paid
on any Interest Payment Date and continues unpaid for 30 days thereafter, the Registrar shall
establish a new record date for the payment of such interest, to be known as a Special Record
Date. The Registrar shall establish a Special Record Date when funds to make such interest
payment are received from or on behalf of the District. Such Special Record Date shall be 15
days prior to the date fixed for payment of such past due interest, and notice of the date of
payment and the Special Record Date shall be sent by United States mail, first-class, postage
prepaid, not later than 5 days prior to the Special Record Date, to each affected Registered
Owner of record as of the close of business on the day prior to the mailing of such notice.
SECTION 3.06. REGISTERED OWNERS. The District, the Registrar and any
other person may treat the person in whose name any Bond is registered as the absolute
Registered Owner of such Bond for the purpose of making payment of principal or interest on
such Bond, and for all other purposes, whether or not such Bond is overdue, and neither the
District, nor the Registrar shall be bound by any notice or knowledge to the contrary. All
payments made to the person deemed to be the Registered Owner of any Bond in accordance
with this Section 3.07 shall be valid and effectual and shall discharge the liability of the District
and the Registrar upon such Bond to the extent of the sums paid.
SECTION 3.07. EXECUTION OF BONDS. The Bonds shall be signed on behalf
of the District by the President or Vice-President of the Board of Directors and attested by the
Secretary/Treasurer, by their manual, lithographed, or facsimile signatures, and the official seal
of the District shall be impressed or placed in facsimile thereon. The facsimile signatures on the
Bonds shall have the same effect as if each of the Bonds had been signed manually and in person
by each of said officers, and the facsimile seal on the Bonds shall have the same effect as if the
official seal of the District had been manually impressed upon each of the Bonds. If any officer
of the District whose manual or facsimile signature appears on the Bonds shall cease to be such
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officer before the authentication of such Bonds or before the delivery of such Bonds, such
manual or facsimile signature shall nevertheless be valid and sufficient for all purposes as if such
officer had remained in such office.
SECTION 3.08. AUTHENTICATION. The Initial Bond shall bear thereon a
certificate of registration of the Comptroller of Public Accounts of the State of Texas,
substantially in the form provided in Section 6.02 of this Bond Order, manually executed by the
Comptroller or a duly authorized deputy. All other Bonds shall bear a certificate of
authentication, substantially in the form provided in Section 6.03 of this Bond Order, manually
executed by an authorized officer of the Registrar. No Bond shall be valid or obligatory for any
purpose unless either the registration certificate of the Comptroller or the authentication
certificate of the Registrar has been signed by a duly authorized officer thereof.
ARTICLE FOUR
REGISTRATION, TRANSFER, AND EXCHANGE
SECTION 4.01. REGISTRATION, TRANSFER, AND EXCHANGE. So long
as any Bonds remain Outstanding, the Registrar shall keep at its designated office for payment
the Register, in which, subject to such reasonable regulations as it may prescribe, the Registrar
shall provide for the registration and transfer of Bonds in accordance with the terms of this Bond
Order.
Each Bond shall be transferable only upon the presentation and surrender thereof at the
designated office for payment of the Registrar, duly endorsed for transfer, or accompanied by an
assignment duly executed by the Registered Owner or an authorized representative in form
satisfactory to the Registrar. Upon due presentation of any Bond for transfer, the Registrar shall
authenticate and deliver in exchange therefor, within 72 hours after such presentation, a new
Bond or Bonds of the same type, registered in the name of the transferee or transferees, in
authorized denominations and of the same maturity and aggregate principal amount, and bearing
interest at the same rate as the Bond or Bonds so presented.
All Bonds shall be exchangeable upon presentation and surrender thereof at the
designated office for payment of the Registrar for a Bond or Bonds of the same maturity and
interest rate and in any authorized denomination, in an aggregate principal amount equal to the
unpaid principal amount of the Bond or Bonds presented for exchange. The Registrar shall be
and is hereby authorized to authenticate and deliver exchange Bonds in accordance with the
provisions of this Section 4.01. Each Bond delivered in accordance with this Section 4.01 shall
be entitled to the benefits and security of this Bond Order to the same extent as the Bond or
Bonds in lieu of which such Bond is delivered.
The District or the Registrar may require the Registered Owner of any Bond to pay a sum
sufficient to cover any tax or other governmental charge that may be imposed in connection with
the transfer or exchange of such Bond. Any fee or charge of the Registrar for such transfer or
exchange shall be paid by the District.
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SECTION 4.02. MUTILATED, LOST, OR STOLEN BONDS. Upon the
presentation and surrender to the Registrar of a mutilated Bond, the Registrar shall authenticate
and deliver in exchange therefor a replacement Bond of like maturity, interest rate and principal
amount, bearing a number not contemporaneously outstanding. If any Bond is lost, apparently
destroyed, or wrongfully taken, the District, pursuant to the applicable laws of the State of Texas
and in the absence of notice or knowledge that such Bond has been acquired by a bona fide
purchaser, shall execute and the Registrar shall authenticate and deliver a replacement Bond of
like amount, bearing a number not contemporaneously outstanding.
The District or the Registrar may require the Registered Owner of a mutilated Bond to
pay a sum sufficient to cover any tax or other governmental charge that may be imposed in
connection therewith and any other expenses connected therewith, including apparently
destroyed, or wrongfully taken, the District, pursuant to the applicable laws of the State of Texas
and in the absence of notice or knowledge that such Bond has been acquired by a bona fide
purchaser, shall execute and the Registrar shall authenticate and deliver a replacement Bond of
like amount, bearing a number not contemporaneously outstanding.
The District or the Registrar may require the Registered Owner of a mutilated Bond to
pay a sum sufficient to cover any tax or other governmental charge that may be imposed in
connection therewith and any other expenses connected therewith, including the fees and
expenses of the Registrar. The District or the Registrar may require the Registered Owner of a
lost, apparently destroyed or wrongfully taken Bond, before any replacement Bond is issued, to:
(a) furnish to the District and the Registrar satisfactory evidence of the ownership of
and the circumstances of the loss, destruction or theft of such Bond;
(b) furnish such security or indemnity as may be required by the Registrar and the
District to save them harmless;
(c) pay all expenses and charges in connection therewith, including, but not limited
to, printing costs, legal fees, fees of the Registrar and any tax or other governmental
charge that may be imposed; and
(d) meet any other reasonable requirements of the District and the Registrar.
If, after the delivery of such replacement Bond, a bona fide purchaser of the original Bond which
such replacement Bond was issued presents for payment such original Bond, the District and the
Registrar shall be entitled to recover such replacement Bond from the person to whom it was
delivered or any person taking therefrom, except a bona fide purchaser, and shall be entitled to
recover upon the security or indemnity provided therefor to the extent of any loss, damage, cost
or expense incurred by the District or the Registrar in connection therewith.
If any such mutilated, lost, apparently destroyed or wrongfully taken Bond has become or
is about to become due and payable, the District in its discretion may, instead of issuing a
replacement Bond, authorize the Registrar to pay such Bond.
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Each replacement Bond delivered in accordance with this Section 4.02 shall be entitled to
the benefits and security of this Bond Order to the same extent as the Bond or Bonds in lieu of
which such replacement is delivered.
SECTION 4.03. CANCELLATION OF BONDS. All Bonds paid in accordance
with this Bond Order, and all Bonds in lieu of which exchange Bonds or replacement Bonds are
authenticated, registered, and delivered in accordance herewith, shall be canceled and destroyed
upon the making of proper records regarding such payment, redemption, exchange, or
replacement. This Registrar shall furnish the District with appropriate certificates of destruction
of such Bonds.
SECTION 4.04. BOOK-ENTRY-ONLY SYSTEM. (a) Book-Entry-Only System.
The Bonds issued in exchange for the Initial Bond issued as provided in Section 3.02 shall be
issued in the form of a separate single fully registered Bond for each of the maturities thereof
registered in the name of Cede & Co., as nominee of The Depository Trust Company of New
York ("DTC") and except as provided in subsection (b) hereof, all of the outstanding Bonds shall
be registered in the name of Cede & Co., as nominee of DTC.
With respect to Bonds registered in the name of Cede & Co., as nominee of DTC, the
District and the Paying Agent/Registrar shall have no responsibility or obligation to any
securities brokers and dealers, banks, trust companies, clearing corporations and certain other
organizations on whose behalf DTC was created to hold securities to facilitate the clearance and
settlement of securities transactions among DTC participants (the "DTC Participant") or to any
person on behalf of whom such a DTC Participant holds an interest in the Bonds. Without
limiting the immediately preceding sentence, the District and the Paying Agent/Registrar shall
have no responsibility or obligation with respect to (i) the accuracy of the records of DTC, Cede
& Co. or any DTC Participant with respect to any ownership interest in the Bonds, (ii) the
delivery to any DTC Participant or any other person, other than a Registered Owner, as shown on
the Registration Books, of any notice with respect to the Bonds, or (iii) the payment to any DTC
Participant or any person, other than a Registered Owner, as shown in the Registration Books of
any amount with respect to principal of or interest on the Bonds. Notwithstanding any other
provision of this Order to the contrary, but to the extent permitted by law, the District and the
Paying Agent/Registrar shall be entitled to treat and consider the person in whose name each
Bond is registered in the Registration Books as the absolute owner of such Bond for the purpose
of payment of principal of and interest, with respect to such Bond, for the purposes of registering
transfers with respect to such Bond, and for all other purposes of registering transfers with
respect to such Bonds, and for all other purposes whatsoever. The Paying Agent/Registrar shall
pay all principal of and interest on the Bonds only to or upon the order of the respective
Registered Owners, as shown in the Registration Books as provided in this Order, or their
respective attorneys duly authorized in writing, and all such payments shall be valid and
effective to fully satisfy and discharge the District's obligations with respect to payment of
principal of and interest on the Bonds to the extent of the sum or sums so paid. No person other
than a Registered Owner, as shown in the Registration Books, shall receive a Bond evidencing
the obligation of the District to make payments of principal, and interest pursuant to this Order.
Upon delivery by DTC to the Paying Agent/Registrar of written notice to the effect that DTC has
determined to substitute a new nominee in place of Cede & Co., and subject to the provisions in
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this Order with respect to interest checks being mailed to the registered owner at the close of
business on the Record Date the word "Cede & Co." in this Order shall refer to such new
nominee of DTC.
(b) Successor Securities Depository; Transfer Outside Book-Entry-Only System. In the
event that the District determines to discontinue the book-entry system through DTC or a
successor or DTC determines to discontinue providing its services with respect to the Bonds, the
District shall either (i) appoint a successor securities depository, qualified to act as such under
Section 17(a) of the Securities and Exchange Act of 1934, as amended, notify DTC and DTC
Participants of the appointment of such successor securities depository and transfer one or more
separate Bonds to such successor securities depository or (ii) notify DTC and DTC Participants
of the availability through DTC of Bonds and transfer one or more separate Bonds to DTC
Participants having Bonds credited to their DTC accounts. In such event, the Bonds shall no
longer be restricted to being registered in the Registration Books in the name of Cede & Co., as
nominee of DTC, but may be registered in the name of the successor securities depository, or its
nominee, or in whatever name or names the Registered Owner transferring or exchanging Bond
shall designate, in accordance with the provisions of this Order.
(c) Payments to Cede & Co. Notwithstanding any other provision of this Order to the
contrary, so long as any Bond is registered in the name of Cede & Co., as nominee of DTC, all
payments with respect to principal of, and interest on such Bond and all notices with respect to
such Bond shall be made and given, respectively, in the manner provided in the Letter of
Representations of the District to DTC.
(d) DTC Blanket Letter of Representations. The District confirms execution of a
Blanket Issuer Letter of Representations with DTC establishing the Book-Entry-Only System
which will be utilized with respect to the Bonds.
(e) Initial Bond. The Bonds herein authorized shall be initially issued as a fully
registered bond, being one Bond, and the Initial Bond shall be registered in the name of the
Underwriter or the designees thereof. The Initial Bond shall be the Bond submitted to the Office
of the Attorney General of the State of Texas for approval, certified and registered by the Office
of the Comptroller of Public Accounts of the State of Texas and delivered to the Underwriter.
Immediately after the delivery of the Initial Bond on the closing date, the Paying Agent/Registrar
shall cancel the Initial Bond delivered hereunder and exchange therefor Bonds in the form of a
separate single fully registered Bond for each of the maturities thereof registered in the name of
Cede & Co., as nominee of DTC and except as provided in Section 3.02, all of the outstanding
Bonds shall be registered in the name of Cede & Co., as nominee of DTC.
ARTICLE FIVE
REDEMPTION OF BONDS BEFORE MATURITY
SECTION 5.01. REDEMPTION OF BONDS. The Bonds are subject to
redemption as set forth in the Pricing Certificate.
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ARTICLE SIX
FORM OF BOND
SECTION 6.01. FORM OF BOND. The Bonds authorized by this Bond Order
shall be in substantially the following form, with such omissions, insertions, and variations,
including variations in form, spacing, and style, as may be necessary and desirable and consistent
with the terms of this Bond Order and the Pricing Certificate. The District shall provide
sufficient printed bond forms, duly executed by the District, to the Registrar for registration,
authentication, and delivery of the Bonds in accordance with the provisions of this Bond Order.
FORM OF BOND
UNITED STATES OF AMERICA
STATE OF TEXAS
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
UNLIMITED TAX REFUNDING BOND
SERIES 2013
[FORM OF FIRST PARAGRAPHS OF CURRENT INTEREST BONDS]
NO. R- PRINCIPAL
AMOUNT
$____________ INTEREST RATE DATE OF BONDS MATURITY DATE CUSIP NO. _________________*
REGISTERED OWNER:
PRINCIPAL AMOUNT:
ON THE MATURITY DATE SPECIFIED ABOVE, TROPHY CLUB
MUNICIPAL UTILITY DISTRICT NO. 1 (the "District"), being a political subdivision of the
State of Texas, hereby promises to pay to the Registered Owner set forth above, or registered
assign (hereinafter called the "Registered Owner") the principal amount set forth above, and to
pay interest thereon calculated on the basis of a 360 day year of twelve 30 day months, from
____________* on _________* and semiannually on each ______________* and
______________* thereafter (an "Interest Payment Date") to the maturity date specified above,
* As provided in the Pricing Certificate. To the extent that the Pricing Certificate relating to the Bonds is inconsistent with any provisions in this
Form of Bond or contains information to complete the missing information in this Form of Bond, the language in the Pricing Certificate shall be
used in the executed Bonds.
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or the date of redemption prior to maturity, at the interest rate per annum specified above; except
that if this Bond is required to be authenticated and the date of its authentication is later than the
first Record Date (hereinafter defined), such principal amount shall bear interest from the Interest
Payment Date next preceding the date of authentication, unless such date of authentication is
after any Record Date but on or before the next following Interest Payment Date, in which case
such principal amount shall bear interest from such next following Interest Payment Date;
provided, however, that if on the date of authentication hereof the interest on the Bond or Bonds,
if any, for which this Bond is being exchanged or converted from is due but has not been paid,
then this Bond shall bear interest from the date to which such interest has been paid in full.
Notwithstanding the foregoing, during any period in which ownership of the Bonds is
determined only by a book entry at a securities depository for the Bonds, any payment to the
securities depository, or its nominee or registered assigns, shall be made in accordance with
existing arrangements between the District and the securities depository.
THE PRINCIPAL OF AND INTEREST ON this Bond are payable in lawful money of
the United States of America, without exchange or collection charges. The principal of this Bond
shall be paid to the Registered Owner hereof upon presentation and surrender of this Bond at
maturity or upon the date fixed for its redemption prior to maturity at _________________*,
which is the "Registrar" or "Paying Agent/Registrar" for this Bond, at its designated office for
payment in Austin, Texas. The payment of interest on this Bond shall be made by the Paying
Agent/Registrar to the Registered Owner hereof on each Interest Payment Date by check or draft,
dated as of such Interest Payment Date, drawn by the Registrar on, and payable solely from,
funds of the District required by the order authorizing the issuance of the Bonds (the "Bond
Order") to be on deposit with the Registrar for such purpose as hereinafter provided; and such
check or draft shall be sent by the Registrar by United States mail, first-class postage prepaid, on
or before each such Interest Payment Date, to the Registered Owner hereof, at its address as it
appeared on the fifteenth (15th) calendar day of the month next preceding each such date
whether or not a business day (the "Record Date") on the Register kept by the Registrar listing
the names and addresses of the Registered Owners (the "Register"). In addition, interest may be
paid by such other method, acceptable to the Registrar, requested by, and at the risk and expense
of, the Registered Owner. In the event of a non-payment of interest on a scheduled payment
date, and for 30 calendar days thereafter, a new record date for such interest payment (a "Special
Record Date") will be established by the Paying Agent/Registrar, if and when funds for the
payment of such interest have been received from the District. Notice of the Special Record
Date and of the scheduled payment date of the past due interest (which shall be 15 calendar days
after the Special Record Date) shall be sent at least 5 business days prior to the Special Record
Date by United States mail, first-class postage prepaid, to the address of each Registered Owner
as it appears on the Register at the close of business on the last business day next preceding the
date of mailing of such notice.
DURING ANY PERIOD in which ownership of the Bonds is determined only by a book
entry at a securities depository for the Bonds, if fewer than all of the Bonds of the same maturity
and bearing the same interest rate are to be redeemed, the particular Bonds of such maturity and
bearing such interest rate shall be selected in accordance with the arrangements between the
District and the securities depository.
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ANY ACCRUED INTEREST due at maturity or upon the redemption of this Bond
prior to maturity as provided herein shall be paid to the Registered Owner upon presentation and
surrender of this Bond for payment at the designated office for payment of the Paying
Agent/Registrar. The District covenants with the Registered Owner of this Bond that on or
before each principal payment date, interest payment date, and any redemption date for this Bond
it will make available to the Registrar, from the "Debt Service Fund" the creation of which is
affirmed by the Bond Order, the amounts required to provide for the payment, in immediately
available funds, of all principal of and interest on the Bonds, when due.
[FORM OF FIRST PARAGRAPHS
OF PREMIUM COMPOUND INTEREST BOND]
NO. PC- MATURITY
AMOUNT
$ INTEREST RATE ISSUANCE DATE MATURITY DATE CUSIP NO.
REGISTERED OWNER:
MATURITY AMOUNT:
ON THE MATURITY DATE SPECIFIED ABOVE, TROPHY CLUB
MUNICIPAL UTILITY DISTRICT NO. 1 (the "District"), being a political subdivision of the
State of Texas, hereby promises to pay to the Registered Owner set forth above, or registered
assigns (hereinafter called the "Registered Owner") the Maturity Amount set forth above,
representing the principal amount hereof and accrued and compounded interest hereon. Interest
shall accrue on the principal amount hereof from the Issuance Date at the interest rate per annum
specified above, calculated on the basis of a 360 day year comprised of twelve 30 day months,
compounded semiannually on __________* and ____________* of each year commencing
________, 20___*. For convenience of reference a table of the "Accreted Value" per $5,000
Maturity Amount is printed on the reverse side of this Bond. The term "Accreted Value" as set
forth in the table on the reverse side hereof shall mean the original principal amount plus initial
premium per $5,000 Maturity Amount compounded semiannually on _____________* and
___________* at the yield shown on such table.
THE MATURITY AMOUNT of this Bond is payable in lawful money of the United
States of America, without exchange or collection charges. The Maturity Amount of this Bond
shall be paid to the Registered Owner hereof upon presentation and surrender of this Bond at
maturity, at the designated office for payment of _______________*, which is the "Paying
Agent/Registrar" for this Bond, and shall be drawn by the Paying Agent/Registrar on, and solely
from, funds of the District required by the order authorizing the issuance of the Bonds (the
"Bond Order") to be on deposit with the Paying Agent/Registrar for such purpose as hereinafter
provided, payable to the Registered Owner hereof, as it appears on the Registration Books kept
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TCMUD#1 Page 35 of 294 Meeting Date: June 18, 2013
by the Paying Agent/Registrar, as hereinafter described. The District covenants with the
Registered Owner of this Bond that on or before the Maturity Date for this Bond it will make
available to the Paying Agent/Registrar, from the "Debt Service Fund" created by the Bond
Order, the amounts required to provide for the payment, in immediately available funds of the
Maturity Amount, when due. Notwithstanding the foregoing, during any period in which
ownership of the Bonds is determined only by a book entry at a securities depository for the
Bonds, any payment to the securities depository, or its nominee or registered assigns, shall be
made in accordance with existing arrangements between the District and the securities
depository.
[FORM OF REMAINDER OF EACH BOND]
IF THE DATE for any payment due on this Bond shall be a Saturday, Sunday, or a day
on which the Paying Agent/Registrar is authorized by law or executive order to close, then the
date for such payment shall be the next succeeding day which is not such a Saturday, Sunday, or
day on which the Paying Agent/Registrar is authorized by law or executive order to remain
closed; and payment on such date shall have the same force and effect as if made on the original
date payment was due.
THIS BOND is one of a series of Bonds dated as of ____________* and authorized to be
issued pursuant to the Bond Order adopted by the Board of Directors of the District in the
principal amount of $___________* [constituting $____________ Current Interest Bonds and
$____________ Premium Compound Interest Bonds]** FOR PURPOSES OF REFUNDING
THE REFUNDED BONDS AND PAYING CERTAIN COSTS OF ISSUING THE BONDS.
Terms used herein and not otherwise defined shall have the meanings given in the Bond Order.
ON _____________, 20__ * OR ON ANY DATE THEREAFTER, the Current Interest
Bonds maturing on and after ____________, 20___*, may be redeemed prior to their scheduled
maturities, at the option of the District, with funds derived from any available and lawful source,
at a redemption price equal to the principal amount to be redeemed plus accrued interest to the
date fixed for redemption as a whole, or from time to time in part, and, if in part, the particular
Current Interest Bonds, or portions thereof, to be redeemed shall be selected and designated by
the District, and if less than all of a maturity is to be redeemed the Registrar shall determine by
lot the Current Interest Bonds, or portions thereof within such maturity to be redeemed (provided
that a portion of a Current Interest Bond may be redeemed only in integral multiples of $5,000 of
principal amount). [The Premium Compound Interest Bonds are not subject to redemption prior
to maturity.]
* As provided in the Pricing Certificate. To the extent that the Pricing Certificate relating to the Bonds is inconsistent with any provisions in this
Form of Bond or contains information to complete the missing information in this Form of Bond, the language in the Pricing Certificate shall be
used in the executed Bonds.
**To be included only if Current Interest Bonds and Premium Compound Interest Bonds are both issued and completed as determined in the
Pricing Certificate.
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[THE BONDS maturing on __________, 20___ (the "Term Bonds") are subject to
mandatory sinking fund redemption by lot prior to maturity in the following amounts, on the
following dates and at a price of par plus accrued interest to the redemption date.
Term Bonds Maturing _________, 20___
Redemption Date Principal Amount
________, 20___ $
________, 20___H H
HFinal Maturity
THE PRINCIPAL AMOUNT of the Term Bonds required to be redeemed pursuant to
the operation of the mandatory sinking fund redemption provisions shall be reduced, at the
option of the District by the principal amount of any Term Bonds of the stated maturity which, at
least 50 days prior to a mandatory redemption date, (1) shall have been acquired by the District,
at a price not exceeding the principal amount of such Term Bonds plus accrued interest to the
date of purchase thereof, and delivered to the Paying Agent/Registrar for cancellation, (2) shall
have been purchased and canceled by the Paying Agent/Registrar at the request of the District
with monies in the Debt Service Fund at a price not exceeding the principal amount of the Term
Bonds plus accrued interest to the date of purchase thereof, or (3) shall have been redeemed
pursuant to the optional redemption provisions and not theretofore credited against a mandatory
sinking fund redemption requirement.]*
AT LEAST 30 calendar days prior to the date fixed for any redemption of Current
Interest Bonds or portions thereof prior to maturity a written notice of such redemption shall be
sent by the Registrar by United States mail, first-class postage prepaid, to the Registered Owner
of each Current Interest Bond to be redeemed at its address as it appeared on the Register on the
45th calendar day prior to such redemption date and to major securities depositories and bond
information services. By the date fixed for any such redemption due provision shall be made
with the Registrar for the payment of the required redemption price for the Current Interest
Bonds or portions for which such payment is made, all as provided above. The Current Interest
Bonds or portions thereof which are to be so redeemed thereby automatically shall be treated as
redeemed prior to their scheduled maturities, and they shall not bear interest after the date fixed
for redemption, and they shall not be regarded as being outstanding except for the right of the
Registered Owner to receive the redemption price from the Registrar out of the funds provided
for such payment. If a portion of any Current Interest Bond shall be redeemed, a substitute
Current Interest Bond or Bonds having the same maturity date, bearing interest at the same rate,
in any authorized denomination or denominations, at the written request of the Registered
Owner, and in aggregate principal amount equal to the unredeemed portion thereof, will be
issued to the Registered Owner upon the surrender thereof for cancellation, at the expense of the
District, all as provided in the Bond Order.
*Use of Term Bonds, if any, to be determined by the Pricing Officer.
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WITH RESPECT TO any optional redemption of the Bonds, unless certain
prerequisites to such redemption required by the Bond Order have been met and moneys
sufficient to pay the principal of and premium, if any, and interest on the Bonds to be redeemed
shall have been received by the Paying Agent/Registrar prior to the giving of such notice of
redemption, such notice shall state that said redemption may, at the option of the District, be
conditional upon the satisfaction of such prerequisites and receipt of such moneys by the Paying
Agent/Registrar on or prior to the date fixed for such redemption, or upon any prerequisite set
forth in such notice of redemption. If a conditional notice of redemption is given and such
prerequisites to the redemption and sufficient moneys are not received, such notice shall be of no
force and effect, the District shall not redeem such Bonds and the Paying Agent/Registrar shall
give notice, in the manner in which the notice of redemption was given, to the effect that the
Bonds have not been redeemed.
ALL BONDS OF THIS SERIES are issuable solely as fully registered Bonds, without
interest coupons, in the principal denomination in the case of the Bonds, of any integral multiple
of $5,000. As provided in the Bond Order, this Bond may, at the request of the Registered
Owner or the assignee or assignees hereof, be assigned, transferred, converted into and
exchanged for a like aggregate amount of fully registered Bonds, without interest coupons,
payable to the appropriate Registered Owner, assignee or assignees, as the case may be, having
any authorized denomination or denominations as requested in writing by the appropriate
Registered Owner, assignee or assignees, as the case may be, upon surrender of this Bond to the
Registrar for cancellation, all in accordance with the form and procedures set forth in the Bond
Order. Among other requirements for such assignment and transfer, this Bond must be presented
and surrendered to the Registrar, together with proper instruments of assignment, in form and
with guarantee of signatures satisfactory to the Registrar, evidencing assignment of this Bond or
any portion or portions hereof in any authorized denomination to the assignee or assignees in
whose name or names this Bond or any such portion or portions hereof is or are to be registered.
The Form of Assignment printed or endorsed on this Bond may be executed by the Registered
Owner to evidence the assignment hereof, but such method is not exclusive, and other
instruments of assignment satisfactory to the Registrar may be used to evidence the assignment
of this Bond or any portion or portions hereof from time to time by the Registered Owner. The
Registrar's reasonable standard or customary fees and charges for assigning, transferring,
converting and exchanging any Bond or portion thereof will be paid by the District. In any
circumstance, any taxes or governmental charges required to be paid with respect thereto shall be
paid by the one requesting such assignment, transfer, conversion or exchange, as a condition
precedent to the exercise of such privilege. The Registrar shall not be required to make any such
transfer, conversion or exchange of any Bond or any portion thereof (i) during the period
commencing with the close of business on any Record Date and ending with the opening of
business on the next following principal or Interest Payment Date or (ii) within 45 calendar days
prior to its redemption date; provided, however, such limitation on transferability shall not be
applicable to an exchange by the Registered Owner of the unredeemed balance hereof in the
event of its redemption in part.
WHENEVER the beneficial ownership of this Bond is determined by a book entry at a
securities depository for the Bonds, the foregoing requirements of holding, delivering or
transferring this Bond shall be modified to require the appropriate person or entity to meet the
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TCMUD#1 Page 38 of 294 Meeting Date: June 18, 2013
requirements of the securities depository as to registering or transferring the book entry to
produce the same effect.
IN THE EVENT any Registrar for the Bonds is changed by the District, resigns, or
otherwise ceases to act as such, the District has covenanted in the Bond Order that it promptly
will appoint a competent and legally qualified substitute therefor, and cause written notice
thereof to be mailed to the Registered Owners of the Bonds.
THE BONDS are payable from the proceeds of an ad valorem tax, without legal limit as
to rate or amount, levied upon all taxable property within the District. The Bond Order provides
that the District reserves the right to consolidate with one or more conservation and reclamation
districts, to consolidate its waterworks and sewer systems with the systems of such districts, and
to secure the Bonds and any other bonds of the District or such districts by a pledge of taxes of
the consolidated system. The Bond Order further provides that the pledge of taxes, to the
payment of the Bonds shall terminate at such time, if ever, as (i) money and/or defeasance
obligations in an amount sufficient to defease the Bonds is deposited with or made available to
the Registrar in accordance with the Bond Order or (ii) a city dissolves the District, and assumes
the obligations of the District pursuant to existing Texas law.
THE BONDS are issued pursuant to the Bond Order, whereunder the District covenants
to levy a continuing direct annual ad valorem tax, without legal limit as to rate or amount, on
taxable property within the District, for each year while any part of the Bonds are considered
outstanding under the provisions of the Bond Order, in sufficient amount, together with revenues
and receipts available from other sources which are equally available for such purposes, to pay
interest on the Bonds as it becomes due, to provide a sinking fund for the payment of the
principal of the Bonds when due or the redemption price at any earlier required redemption date
with respect to the Bonds, and to pay the expenses of assessing and collecting such tax, all as
more specifically provided in the Bond Order. Reference is hereby made to the Bond Order for
provisions with respect to the operation and maintenance of the District's facilities, the custody
and application of funds, remedies in the event of a default hereunder or thereunder, and the
other rights of the Registered Owners of the Bonds. By acceptance of this Bond the Registered
Owner hereof consents to all of the provisions of the Bond Order, a certified copy of which is on
file in the office of the District.
THE OBLIGATION to pay the principal of and the interest on this Bond is solely and
exclusively the obligation of the District until such time, if ever, as the District is abolished and
this Bond is assumed as described above. No other entity, including the State of Texas, any
political subdivision thereof other than the District, or any other public or private body, is
obligated, directly, indirectly, contingently, or in any other manner, to pay the principal of or the
interest on this Bond from any source whatsoever. No part of the physical properties of the
District, including the properties provided by the proceeds of the Bonds, is encumbered by any
lien for the benefit of the Registered Owner of this Bond.
THE DISTRICT RESERVES THE RIGHT to issue additional bonds heretofore or
hereafter duly authorized at elections held in the District payable from a lien on and pledge of
taxes; bonds, notes and other obligations of inferior liens, and revenue bonds, notes and other
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TCMUD#1 Page 39 of 294 Meeting Date: June 18, 2013
obligations payable solely from revenues of the District or revenues to be received under
contracts with other persons, including private corporations, municipalities and political
subdivisions or from any other source. The District further reserves the right to issue refunding
bonds in any manner permitted by law to refund any bonds (including the Bonds) at or prior to
their respective dates of maturity or redemption.
TO THE EXTENT permitted by and in the manner provided in the Bond Order, the
terms and provisions of the Bond Order and the rights of the Registered Owners of the Bonds
may be modified with, in certain circumstances, the consent of the Registered Owners of a
majority in aggregate principal amount of the Bonds affected thereby; provided, however, that,
without the consent of the Registered Owners of all of the Bonds affected, no such modification
shall (i) extend the time or times of payment of the principal of and interest on the Bonds, reduce
the principal amount thereof or the rate of interest thereon, or in any other way modify the terms
of payment of the principal of or interest on the Bonds, (ii) give any preference to any Bond over
any other Bond, or (iii) reduce the aggregate principal amount of the Bonds required for consent
to any such modification.
THIS BOND shall not be valid or obligatory for any purpose or be entitled to any benefit
under the Bond Order unless this Bond either (a) is registered by the Comptroller of Public
Accounts of the State of Texas as evidenced by execution of the registration certificate endorsed
hereon or (b) is authenticated as evidenced by execution of the authentication certificate
endorsed hereon by the Registrar.
IT IS HEREBY CERTIFIED, COVENANTED, AND REPRESENTED that all acts,
conditions, and things necessary to be done precedent to the issuance of the Bonds in order to
render the same legal, valid, and binding obligations of the District have happened and have been
accomplished and performed in regular and due time, form, and manner, as required by law; that
provision has been made for the payment of the principal of and interest on the Bonds by the
levy of a continuing, direct annual ad valorem tax upon all taxable property within the District
and that issuance of the Bonds does not exceed any constitutional or statutory limitation. In the
event that any provisions herein contained do or would, presently or prospectively, operate to
make any part hereof void or voidable, such provisions shall be without effect or prejudice to the
remaining provisions hereof, which shall nevertheless remain operative, and such violative
provisions, if any, shall be reformed by a court of competent jurisdiction within the limits of the
laws of the State of Texas.
IT IS FURTHER CERTIFIED that the District has designated the Bonds as "qualified
tax-exempt obligations" within the meaning of Section 265(b) of the Internal Revenue Code of
1986.
IN WITNESS WHEREOF, the District has caused this Bond to be signed with the
manual or facsimile signature of the President or Vice-President of the Board of Directors of the
District and countersigned with the manual or facsimile signature of the Secretary or Assistant
Secretary of the Board of Directors of the District, and has caused the official seal of the District
to be duly impressed, or placed in facsimile, on this Bond.
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TROPHY CLUB MUNICIPAL
UTILITY DISTRICT NO. 1
_________________________________ ______________________________________
Secretary [Assistant Secretary], President [Vice-President],
Board of Directors Board of Directors
(DISTRICT SEAL)
INSERTIONS FOR INITIAL BONDS
(i) The Initial Current Interest Bond shall be in the form set forth in this Section,
except that:
A. immediately under the name of the Current Interest Bond, the headings "INTEREST RATE"
and "MATURITY DATE" shall both be completed with the words "As shown below" and
"CUSIP NO." shall be deleted.
B. the first paragraph of the Current Interest Bond shall be deleted and the following will be
inserted:
"ON THE MATURITY DATE SPECIFIED BELOW, Trophy Club Municipal Utility
District No. 1 (the "District"), being a political subdivision of the State of Texas, hereby
promises to pay to the Registered Owner specified above, or registered assigns (hereinafter
called the "Registered Owner"), on _____________* in each of the years, in installments of the
respective Maturity Amounts set forth in the following schedule:
Year
Maturity
Amounts
Interest
Rates
(Information from Pricing Certificate to be inserted)
The District promises to pay interest on the unpaid principal amount hereof (calculated on the
basis of a 360-day year of twelve 30-day months) from _____________* at the respective
Interest Rate per annum specified above. Interest is payable on _____________* and
semiannually on each ___________* and ______________* thereafter to the date of payment of
the principal installment specified above; except, that if this Bond is required to be authenticated
and the date of its authentication is later than the first Record Date (hereinafter defined), such
* As provided in the Pricing Certificate. To the extent that the Pricing Certificate relating to the Bonds is inconsistent with any provisions in this
Form of Bond or contains information to complete the missing information in this Form of Bond, the language in the Pricing Certificate shall be
used in the executed Bonds.
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principal amount shall bear interest from the interest payment date next preceding the date of
authentication, unless such date of authentication is after any Record Date but on or before the
next following interest payment date, in which case such principal amount shall bear interest
from such next following interest payment date; provided, however, that if on the date of
authentication hereof the interest on the Bond or Bonds, if any, for which this Bond is being
exchanged is due but has not been paid, then this Bond shall bear interest from the date to which
such interest has been paid in full."
C. The Initial Current Interest Bond shall be numbered "T-1".
(ii) The Initial Compound Interest Bond shall be in the form set forth in this Section,
except that:
A. Immediately under the name of the Bond, the headings "INTEREST RATE" and
"MATURITY DATE" shall both be completed with the words "As shown below" and "CUSIP
NO. _____" shall be deleted.
B. the first paragraph shall be deleted and the following will be inserted:
"TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1, in Denton and Tarrant
Counties, Texas (the "District"), being a political subdivision of the State of Texas, hereby
promises to pay to the Registered Owner set forth above, or registered assigns (hereinafter called
the "Registered Owner") the Payment at Maturity on ________* in each of the years and in the
principal installments and bearing interest at the per annum rates set :
(Information for the Premium Compound Interest Bonds from the Pricing Certificate to
be inserted)
The amount shown above as the respective Maturity Amounts represent the principal amount
hereof and accrued and compounded interest hereon. Interest shall accrue on the principal
amount hereof from the Issuance Date at the interest rate per annum specified above,
compounded semiannually on ________* and ________* of each year commencing *.
For convenience of reference, a table appears on the back of this Bond showing the
"Compounded Amount" of the original principal amount plus initial premium, if any, per $5,000
Maturity Amount compounded semiannually at the yield shown on such table."
C. the Initial Premium Compound Interest Bond shall be numbered "TPC-1."
Maturity
Date
Principal
Amount
Interest Rates
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SECTION 6.02. REGISTRATION OF INITIAL BOND BY STATE
COMPTROLLER AND CERTIFICATE. The Initial Bond shall be registered by the
Comptroller of Public Accounts of the State of Texas as provided by law. The registration
certificate of the Comptroller of Public Accounts of the State of Texas shall be printed on the
face of the Initial Bond and shall be in substantially the following form:
COMPTROLLER'S REGISTRATION CERTIFICATE: REGISTER NO.
I hereby certify that this Bond has been examined, certified as to validity, and approved
by the Attorney General of the State of Texas, and that this Bond has been registered by the
Comptroller of Public Accounts of the State of Texas.
Witness my signature and seal this
Comptroller of Public Accounts
of the State of Texas
(COMPTROLLER'S SEAL)
SECTION 6.03. FORM OF AUTHENTICATION CERTIFICATE. The
following form of authentication certificate shall be printed on the face of each of the Bonds
other than the Initial Bond:
PAYING AGENT/REGISTRAR'S AUTHENTICATION CERTIFICATE
(To be executed if this Bond is not accompanied by an
executed Registration Certificate of the Comptroller
of Public Accounts of the State of Texas)
It is hereby certified that this Bond has been issued under the provisions of the Bond
Order described in the text of this Bond; and that this Bond has been issued in conversion or
replacement of, or in exchange for, a Bond, Bonds, or a portion of a Bond or Bonds of a series
which originally was approved by the Attorney General of the State of Texas and registered by
the Comptroller of Public Accounts of the State of Texas.
Dated: ____________________________________
Registrar
By
Authorized Representative
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SECTION 6.04. FORM OF ASSIGNMENT. A form of assignment shall be
printed on the back of each of the Bonds and shall be in substantially the following form:
ASSIGNMENT
For value received, the undersigned hereby sells, assigns and transfers unto
Please insert Social Security or Taxpayer
Identification Number of Transferee
(Please print or typewrite name and address,
including zip code of Transferee)
the within Bond and all rights thereunder, and hereby irrevocably constitutes and appoints
___________________________________________, attorney, to register the transfer of the
within Bond on the books kept for registration thereof, with full power of substitution in the
premises.
Dated:
Signature Guaranteed:
NOTICE: Signature(s) must be guaranteed
by a member firm of the New York Stock
Exchange or a commercial bank or trust
company.
NOTICE: The signature above must
correspond with the name of the Registered
Owner as it appears upon the front of this
Bond in every particular, without alteration or
enlargement or any change whatsoever.
SECTION 6.05. CUSIP REGISTRATION. The Pricing Officer may secure the
printing of identification numbers on the Bonds through the CUSIP Service Bureau.
SECTION 6.06. LEGAL OPINION AND BOND INSURANCE. The approving
opinion of McCall, Parkhurst & Horton L.L.P. may be printed on the back of the Bonds over the
certification of the Secretary of the Board of Directors which may be executed in facsimile. In
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TCMUD#1 Page 44 of 294 Meeting Date: June 18, 2013
addition, if any bond insurance is obtained, any statement of insurance may be placed on the
Bonds.
ARTICLE SEVEN
SECURITY FOR THE BONDS
SECTION 7.01. GENERAL. The Bonds are secured by and payable from the levy
of a continuing, direct annual ad valorem tax, without legal limitation as to rate or amount, upon
all taxable property within the District.
SECTION 7.02. LEVY OF TAX. (a) To pay the interest on the Bonds, and to
create a sinking fund for the payment of the principal thereof when due, and to pay the expenses
of assessing and collecting such taxes, there is hereby levied, and there shall be assessed and
collected in due time, a continuing, direct annual ad valorem tax without limit as to rate or
amount on all taxable property in the District for each year while any of the Bonds are
outstanding. All of the proceeds of such collections, except expenses incurred in that
connection, shall be paid into the Debt Service Fund, and the aforementioned tax and such
payments into such fund shall continue until the Bonds and the interest thereon have been fully
paid and discharged, and such proceeds shall be used for such purposes and no other. While said
Bonds, or any of them, are outstanding and unpaid, an ad valorem tax will be ample and
sufficient to provide funds to pay the interest on said Bonds and to provide the necessary sinking
fund to pay the principal when due, full allowance being made for delinquencies and costs of
collection, together with revenues and receipts from other sources that are legally available for
such purpose, shall be levied and collected and applied to the payment of principal and interest
on the Bonds, as follows:
(1) By September 1 in each year, or as soon thereafter as practicable, the Board shall
consider the taxable property in the District and determine the actual rate per $100
valuation of taxable property which is to be levied in that year and levy the tax against all
taxable property in the District.
(2) In determining the actual rate to be levied in each year, the Board shall consider
among other things:
(i) the amount which should be levied for maintenance and operation
purposes;
(ii) the amount which should be levied for the payment of principal, interest,
and redemption price of the bonds or notes payable in whole or in part from taxes;
(iii) the amount which should be levied for the purpose of paying all other
contractual obligations of the District payable in whole or in part from taxes; and
(iv) the percentage of anticipated tax collections and the cost of collecting the
taxes.
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(3) In determining the amount of taxes which should be levied each year, the Board
shall consider whether proceeds from the sale of Bonds have been placed in the Debt
Service Fund to pay interest on the Bonds and whether the Board reasonably expects to
have revenue or receipts available from other sources which are legally available to pay
debt service on the Bonds.
(b) Chapter 1208, Government Code, applies to the issuance of the Bonds and
the pledge of ad valorem taxes granted by the District under this Order, and such pledge
is therefore valid, effective and perfected. If Texas law is amended at any time while the
Bonds are outstanding and unpaid such that the pledge of ad valorem taxes granted by the
District under this Order is to be subject to the filing requirements of Chapter 9, Business
& Commerce Code, then in order to preserve to the registered owners of the Bonds the
perfection of the security interest in said pledge, the District agrees to take such measures
as it determines are reasonable and necessary under Texas law to comply with the
applicable provisions of Chapter 9, Business & Commerce Code and enable a filing to
perfect the security interest in said pledge to occur.
SECTION 7.03. PAYMENT OF BONDS AND PERFORMANCE OF
OBLIGATIONS. The District covenants to pay promptly the principal of and interest on the
Bonds as the same become due and payable, whether at maturity or by prior redemption, in
accordance with the terms of the Bonds and this Bond Order, and to keep and perform faithfully
all of its covenants, undertakings, and agreements contained in this Bond Order, or in any Bond
executed, authenticated, and delivered hereunder.
SECTION 7.04. CONSOLIDATION OR DISSOLUTION OF DISTRICT. To
the extent provided by law, the pledge of taxes set forth in Section 7.02 will terminate if a city
takes over all properties and assets, assumes all debts, liabilities, and obligations, and performs
all functions and services of the District, and the District is abolished pursuant to law.
The laws of the State of Texas permit the District to be consolidated with one or more
conservation and reclamation districts. In the event the District is consolidated with another
district or districts, the District reserves the right to:
(i) Consolidate the System with a similar system of one or more districts with which the
District is consolidating and operate and maintain the systems as one consolidated system (herein
for purposes of this section the "Consolidated System").
(ii) Apply the net revenues from the operation of the Consolidated System to the
payment of principal, interest, redemption price and bank charges on the revenue bonds or the
combination tax and revenue bonds (herein for purposes of this section the "Revenue Bonds") of
the District and of the district or districts with which the District is consolidating (herein
collectively the "Consolidating Districts") without preference to any series of bonds (except
subordinate lien revenue bonds which shall continue to be subordinate to the first lien Revenue
Bonds of the Consolidating Districts).
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TCMUD#1 Page 46 of 294 Meeting Date: June 18, 2013
(iii) Pledge the net revenues of the Consolidated System to the payment of principal,
interest, redemption price and bank charges on Revenue Bonds which may be issued by the
Consolidating Districts on a parity with the outstanding first lien Revenue Bonds of the
Consolidating Districts.
ARTICLE EIGHT
FLOW OF FUNDS AND INVESTMENTS
SECTION 8.01. FUNDS, FLOW OF FUNDS. The following funds are hereby
created:
(i) Debt Service Fund for the Bonds; and
(ii) Escrow Fund.
Each fund shall be kept separate and apart from all other funds of the District. The Debt Service
Fund for the Bonds shall constitute a trust fund which shall be held in trust for the benefit of the
owners of the Bonds. All other funds shall be trust funds which shall be used solely as provided
in this Bond Order until all of the Bonds have been retired, both as to principal and interest.
SECTION 8.02. SECURITY OF FUNDS. Any cash balance in any fund, to the
extent not insured by the Federal Deposit Insurance Corporation or its successor, shall be
continuously secured in the manner provided by law for the security of funds of counties of the
State of Texas.
SECTION 8.03. DEBT SERVICE FUND; TAX LEVY. The District shall
deposit or cause to be deposited into the Debt Service Fund the aggregate of the following at the
time specified:
(a) As soon as practicable after the Bonds are sold, accrued interest on the Bonds
from their date to the date of their delivery; and
(b) The proceeds from collection of the ad valorem taxes levied, assessed and
collected for and on account of the Bonds pursuant to Section 7.02 hereof, less costs of
collection, as collected.
On or before the date for payment of the principal and/or Interest Payment Date on the Bonds,
the Board of Directors shall cause the transfer of moneys out of the Debt Service Fund to the
Registrar in an amount not less than that which is sufficient to pay the principal which matures
on such date and the interest which accrues on such date. The District shall pay fees and charges
of the Registrar for its services as paying agent and registrar for the Bonds from the Debt Service
Fund.
SECTION 8.04. ESCROW FUND. The Escrow Fund shall be created and shall be
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TCMUD#1 Page 47 of 294 Meeting Date: June 18, 2013
governed by the terms of the Escrow Agreement in substantially the form attached hereto as
Exhibit "B" with such changes as approved by the Pricing Officer.
SECTION 8.05. INVESTMENTS; EARNINGS. Moneys deposited into the Debt
Service Fund and any other fund or funds which the District may lawfully create may be invested
or reinvested in Authorized Investments. All investments and any profits realized from and
interest accruing on investments made from any fund may be transferred to the Debt Service
Fund. If any moneys are so invested, the District shall have the right to have sold in the open
market a sufficient amount of such investments to meet its obligations in the event any fund does
not have sufficient uninvested funds on hand to meet the obligations payable out of such fund.
After such sale the moneys resulting therefrom shall belong to the fund from which the moneys
for such investments were initially taken. The District shall not be responsible to the Registered
Owners for any loss arising out of the sale of any investments.
ARTICLE NINE
APPLICATION OF FUNDS
SECTION 9.01. BOND PROCEEDS. Proceeds from the sale of the Bonds will be
disbursed in accordance with this Article.
SECTION 9.02. ACCRUED INTEREST. Moneys received from the Underwriter
of the Bonds representing accrued interest, if any, on the Bonds from their date to the date of
their actual delivery shall be deposited into the Debt Service Fund.
SECTION 9.03. ESCROW FUND. The proceeds from the sale of the Bonds after
making the deposit hereinbefore provided and paying or making provisions for the payment of
the costs in connection with issuing the Bonds, shall be deposited into the Escrow Fund as
described in the Escrow Agreement in substantially the form attached hereto as Exhibit "B" with
such changes as approved by the Pricing Officer.
ARTICLE TEN
PROVISIONS CONCERNING FEDERAL INCOME TAX EXCLUSION
SECTION 10.01. COVENANTS REGARDING TAX EXEMPTION OF
INTEREST ON THE BONDS. (a) Covenants. The District covenants to take any action
necessary to assure, or refrain from any action which would adversely affect, the treatment of the
Bonds as obligations described in section 103 of the Internal Revenue Code of 1986, as amended
(the "Code"), the interest on which is not includable in the "gross income" of the holder for
purposes of federal income taxation. In furtherance thereof, the District covenants as follows:
(1) to take any action to assure that no more than 10 percent of the proceeds of the Bonds
or the Refunded Bonds or the projects financed or refinanced therewith (less amounts deposited
to a reserve fund, if any) are used for any "private business use," as defined in section 141(b)(6)
of the Code or, if more than 10 percent of the proceeds of the Bonds or the Refunded Bonds or
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TCMUD#1 Page 48 of 294 Meeting Date: June 18, 2013
the projects financed or refinanced therewith are so used, such amounts, whether or not received
by the District, with respect to such private business use, do not, under the terms of this Order or
any underlying arrangement, directly or indirectly, secure or provide for the payment of more
than 10 percent of the debt service on the Bonds, in contravention of section 141(b)(2) of the
Code;
(2) to take any action to assure that in the event that the "private business use" described
in subsection (1) hereof exceeds 5 percent of the proceeds of the Bonds or the Refunded Bonds
or the projects financed or refinanced therewith (less amounts deposited into a reserve fund, if
any) then the amount in excess of 5 percent is used for a "private business use" which is "related"
and not "disproportionate," within the meaning of section 141(b)(3) of the Code, to the
governmental use;
(3) to take any action to assure that no amount which is greater than the lesser of
$5,000,000, or 5 percent of the proceeds of the Bonds (less amounts deposited into a reserve
fund, if any) is directly or indirectly used to finance loans to persons, other than state or local
governmental units, in contravention of section 141(c) of the Code;
(4) to refrain from taking any action which would otherwise result in the Bonds being
treated as "private activity bonds" within the meaning of section 141(b) of the Code;
(5) to refrain from taking any action that would result in the Bonds being "federally
guaranteed" within the meaning of section 149(b) of the Code;
(6) to refrain from using any portion of the proceeds of the Bonds, directly or indirectly,
to acquire or to replace funds which were used, directly or indirectly, to acquire investment
property (as defined in section 148(b)(2) of the Code) which produces a materially higher yield
over the term of the Bonds, other than investment property acquired with --
(A) proceeds of the Bonds invested for a reasonable temporary period of 3 years
or less or, in the case of a current refunding bond, for a period of 90 days and in
the case of an advance refunding bond, for a period of 30 days,
(B) amounts invested in a bona fide debt service fund, within the meaning of
section l.148-1(b) of the Treasury Regulations, and
(C) amounts deposited in any reasonably required reserve or replacement fund to
the extent such amounts do not exceed 10 percent of the proceeds of the Bonds;
(7) to otherwise restrict the use of the proceeds of the Bonds or amounts treated as
proceeds of the Bonds, as may be necessary, so that the Bonds do not otherwise contravene the
requirements of section 148 of the Code (relating to arbitrage) and, to the extent applicable,
section 149(d) of the Code (relating to advance refundings); and
(8) to pay to the United States of America at least once during each five-year period
(beginning on the date of delivery of the Bonds) an amount that is at least equal to 90 percent of
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TCMUD#1 Page 49 of 294 Meeting Date: June 18, 2013
the "Excess Earnings," within the meaning of section 148(f) of the Code and to pay to the United
States of America, not later than 60 days after the Bonds have been paid in full, 100 percent of
the amount then required to be paid as a result of Excess Earnings under section 148(f) of the
Code.
(b) Rebate Fund. In order to facilitate compliance with the above covenant (8), a
"Rebate Fund" is hereby established by the District for the sole benefit of the
United States of America, and such fund shall not be subject to the claim of any
other person, including without limitation the bondholders. The Rebate Fund is
established for the additional purpose of compliance with section 148 of the Code.
(c) Proceeds. The District understands that the term "proceeds" includes
"disposition proceeds" as defined in the Treasury Regulations and, in the case of
refunding bonds, transferred proceeds (if any) and proceeds of the Refunded
Bonds expended prior to the date of issuance of the Bonds. It is the understanding
of the District that the covenants contained herein are intended to assure
compliance with the Code and any regulations or rulings promulgated by the U.S.
Department of the Treasury pursuant thereto. In the event that regulations or
rulings are hereafter promulgated which modify or expand provisions of the Code,
as applicable to the Bonds, the District will not be required to comply with any
covenant contained herein to the extent that such failure to comply, in the opinion
of nationally recognized bond counsel, will not adversely affect the exemption
from federal income taxation of interest on the Bonds under section 103 of the
Code. In the event that regulations or rulings are hereafter promulgated which
impose additional requirements which are applicable to the Bonds, the District
agrees to comply with the additional requirements to the extent necessary, in the
opinion of nationally recognized bond counsel, to preserve the exemption from
federal income taxation of interest on the Bonds under section 103 of the Code.
In furtherance of such intention, the District hereby authorizes and directs the
President or Treasurer of the Board of Directors to execute any documents,
certificates or reports required by the Code and to make such elections, on behalf
of the District, which may be permitted by the Code as are consistent with the
purpose for the issuance of the Bonds.
(d) Disposition of Project. The District covenants that the property constituting
the projects refinanced with the proceeds of the Bonds will not be sold or
otherwise disposed in a transaction resulting in the receipt by the District of cash
or other compensation, unless the District obtains an opinion of nationally-
recognized bond counsel that such sale or other disposition will not adversely
affect the tax-exempt status of the Bonds. For purposes of the foregoing, the
portion of the property comprising personal property and disposed in the ordinary
course shall not be treated as a transaction resulting in the receipt of cash or other
compensation. For purposes hereof, the District shall not be obligated to comply
with this covenant if it obtains an opinion that such failure to comply will not
adversely affect the excludability for federal income tax purposes from gross
income of the interest.
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(e) Designation as Qualified Tax-Exempt Bonds. The District hereby designates
the Bonds as "qualified tax-exempt obligations" as defined in section 265(b)(3) of
the Code. Such designation is conditioned upon the purchaser identified in the
Pricing Certificate certifying that the aggregate initial offering price of the Bonds
to the public (excluding accrued interest) is no greater than $10,000,000. In
furtherance of such designation, the District represents, covenants and warrants
the following: (a) that during the calendar year in which the Bonds are issued, the
District (including any subordinate entities) has not designated nor will designate
bonds, which when aggregated with the Bonds, will result in more than
$10,000,000 of "qualified tax-exempt obligations" being issued; (b) that the
District reasonably anticipates that the amount of tax-exempt obligations issued,
during the calendar year in which the Bonds are issued, by the District (or any
subordinate entities) will not exceed $10,000,000; and, (c) that the District will
take such action or refrain from such action as necessary, and as more particularly
set forth in this Section, in order that the Bonds will not be considered "private
activity bonds" within the meaning of section 141 of the Code.
(f) Written Procedures. Unless superseded by another action of the District, to
ensure compliance with the covenants contained in this Order regarding private
business use, remedial actions, arbitrage and rebate, the District hereby adopts and
establishes the instructions attached hereto as Exhibit "D" as its written
procedures.
ARTICLE ELEVEN
ADDITIONAL BONDS AND REFUNDING BONDS
SECTION 11.01. ADDITIONAL BONDS. The District expressly reserves the right
to issue, in one or more installments, for the purpose of purchasing, constructing, acquiring,
owning, operating, maintaining, repairing, improving, or extending the System, or for any other
lawful purpose:
(a) the unissued unlimited tax bonds which remain authorized but unissued; and
(b) such other unlimited tax bonds as may hereafter be authorized at subsequent
elections.
SECTION 11.02. OTHER BONDS. The District further reserves the right to issue
combination unlimited tax and revenue bonds, if authorized by election, and such other bonds or
other obligations as may be lawfully issued by the District including any obligations issued for
special projects or defined areas.
SECTION 11.03. REFUNDING BONDS. The District further reserves the right to
issue refunding bonds in any manner permitted by law to refund the Bonds, the Outstanding
Bonds, any Additional Bonds, or any other bonds issued by the District, at or prior to their
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respective dates of maturity or redemption.
ARTICLE TWELVE
DEFAULT PROVISIONS
SECTION 12.01. REMEDIES IN EVENT OF DEFAULT. (a) Events of Default.
Each of the following occurrences or events for the purpose of this Order is hereby declared to
be an Event of Default:
(i) the failure to make payment of the principal of or interest on any of the
Bonds when the same becomes due and payable; or
(ii) default in the performance or observance of any other covenant, agreement or
obligation of the District, the failure to perform which materially, adversely affects the rights of
the Registered Owners of the Bonds, including, but not limited to, their prospect or ability to be
repaid in accordance with this Order, and the continuation thereof for a period of 60 days after
notice of such default is given by any Registered Owner to the District.
(b) Remedies for Default.
(i) Upon the happening of any Event of Default, then and in every case, any
Registered Owner or an authorized representative thereof, including, but not limited to, a
trustee or trustees therefor, may proceed against the District, or any official, officer or
employee of the District in their official capacity, for the purpose of protecting and
enforcing the rights of the Registered Owners under this Order, by mandamus or other
suit, action or special proceeding in equity or at law, in any court of competent
jurisdiction, for any relief permitted by law, including the specific performance of any
covenant or agreement contained herein, or thereby to enjoin any act or thing that may be
unlawful or in violation of any right of the Registered Owners hereunder or any
combination of such remedies.
(ii) It is provided that all such proceedings shall be instituted and maintained for
the equal benefit of all Registered Owners of Bonds then outstanding.
(c) Remedies Not Exclusive.
(i) No remedy herein conferred or reserved is intended to be exclusive of any
other available remedy or remedies, but each and every such remedy shall be cumulative
and shall be in addition to every other remedy given hereunder or under the Bonds or
now or hereafter existing at law or in equity; provided, however, that notwithstanding any
other provision of this Order, the right to accelerate the debt evidenced by the Bonds shall
not be available as a remedy under this Order.
(ii) The exercise of any remedy herein conferred or reserved shall not be deemed
a waiver of any other available remedy.
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(iii) By accepting the delivery of a Bond authorized under this Order, such
Registered Owner agrees that the certifications required to effectuate any covenants or
representations contained in this Order do not and shall never constitute or give rise to a
personal or pecuniary liability or charge against the officers, employees or trustees of the
District or the Board of Directors.
(iv) None of the members of the Board of Directors, nor any other official or
officer, agent, or employee of the District, shall be charged personally by the Registered
Owners with any liability, or be held personally liable to the Registered Owners under
any term or provision of this Order, or because of any Event of Default or alleged Event
of Default under this Order.
SECTION 12.02. BOND ORDER IS CONTRACT. In consideration of the
purchase and acceptance of the Bonds authorized to be issued hereunder by the Registered
Owners, the provisions of this Bond Order shall be deemed to be and shall constitute a contract
between the District and the Registered Owners; and the covenants and agreements herein set
forth to be performed on behalf of the District shall be for the equal benefit, protection, and
security of each of the Registered Owners. The Bonds, regardless of the time or times of their
issue or maturity, shall be of equal rank without preference, priority, or distinction of any Bond
over any other, except as expressly provided herein.
ARTICLE THIRTEEN
DISCHARGE BY DEPOSIT
SECTION 13.01. DEFEASANCE OF BONDS. (a) Any Bond and the interest thereon
shall be deemed to be paid, retired and no longer outstanding (a "Defeased Bond") within the
meaning of this Order, except to the extent provided in subsections (c) and (e) of this Section,
when payment of the principal of such Bond, plus interest thereon to the due date or dates
(whether such due date or dates be by reason of maturity, upon redemption, or otherwise) either
(i) shall have been made or caused to be made in accordance with the terms thereof (including
the giving of any required notice of redemption) or (ii) shall have been provided for on or before
such due date by irrevocably depositing with or making available to the Paying Agent/Registrar
or a commercial bank or trust company for such payment (1) lawful money of the United States
of America sufficient to make such payment, (2) Defeasance Securities, certified by an
independent public accounting firm of national reputation to mature as to principal and interest in
such amounts and at such times as will ensure the availability, without reinvestment, of sufficient
money to provide for such payment and when proper arrangements have been made by the
District with the Paying Agent/Registrar or a commercial bank or trust company for the payment
of its services until all Defeased Bonds shall have become due and payable or (3) any
combination of (1) and (2). At such time as a Bond shall be deemed to be a Defeased Bond
hereunder, as aforesaid, such Bond and the interest thereon shall no longer be secured by,
payable from, or entitled to the benefits of, the ad valorem taxes herein levied as provided in this
Order, and such principal and interest shall be payable solely from such money or Defeasance
Securities.
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(b) The deposit under clause (ii) of subsection (a) shall be deemed a payment of a Bond
as aforesaid when proper notice of redemption of such Bonds shall have been given, in
accordance with this Order. Any money so deposited with the Paying Agent/Registrar or a
commercial bank or trust company as provided in this Section may at the discretion of the Board
of Directors also be invested in Defeasance Securities, maturing in the amounts and at the times
as hereinbefore set forth, and all income from all Defeasance Securities in possession of the
Paying Agent/Registrar or a commercial bank or trust company pursuant to this Section which is
not required for the payment of such Bond and Premium Compound Interest Bond, if any, and
interest thereon with respect to which such money has been so deposited, shall be turned over to
the Board of Directors.
(c) Notwithstanding any provision of any other Section of this Order which may be
contrary to the provisions of this Section, all money or Defeasance Securities set aside and held
in trust pursuant to the provisions of this Section for the payment of principal of the Bonds and
premium, if any, and interest thereon, shall be applied to and used solely for the payment of the
particular Bonds and premium, if any, and interest thereon, with respect to which such money or
Defeasance Securities have been so set aside in trust. Until all Defeased Bonds shall have
become due and payable, the Paying Agent/Registrar shall perform the services of Paying
Agent/Registrar for such Defeased Bonds the same as if they had not been defeased, and the
District shall make proper arrangements to provide and pay for such services as required by this
Order.
(d) Notwithstanding anything elsewhere in this Order, if money or Defeasance Securities
have been deposited or set aside with the Paying Agent/Registrar or a commercial bank or trust
company pursuant to this Section for the payment of Bonds and such Bonds shall not have in fact
been actually paid in full, no amendment of the provisions of this Section shall be made without
the consent of the registered owner of each Bond affected thereby.
(e) Notwithstanding the provisions of subsection (a) immediately above, to the extent
that, upon the defeasance of any Defeased Bond to be paid at its maturity, the District retains the
right under Texas law to later call that Defeased Bond for redemption in accordance with the
provisions of the order authorizing its issuance, the District may call such Defeased Bond for
redemption upon complying with the provisions of Texas law and upon the satisfaction of the
provisions of subsection (a) immediately above with respect to such Defeased Bond as though it
was being defeased at the time of the exercise of the option to redeem the Defeased Bond and the
effect of the redemption is taken into account in determining the sufficiency of the provisions
made for the payment of the Defeased Bond.
ARTICLE FOURTEEN
MISCELLANEOUS PROVISIONS
SECTION 14.01. DISTRICT'S SUCCESSORS AND ASSIGNS. Whenever in
this Bond Order the District is named and referred to, it shall be deemed to include its successors
and assigns, and all covenants and agreements in this Bond Order by or on behalf of the District,
except as otherwise provided herein, shall bind and inure to the benefit of its successors and
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assigns whether or not so expressed.
SECTION 14.02. NO RECOURSE AGAINST DISTRICT OFFICERS OR
DIRECTORS. No recourse shall be had for the payment of the principal of or interest on the
Bonds or for any claim based thereon or on this Bond Order against any officer or director of the
District or any person executing the Bonds.
SECTION 14.03. REGISTRAR. The Registrar shall act as agent for the payment
of principal of and interest on the Bonds and shall maintain the Register for the Bonds, all in
accordance with the terms of this Bond Order. If the Registrar or its successor becomes unable
for any reason to act as Registrar hereunder, or if the Board of Directors of the District
determines that a successor Registrar should be appointed, a successor Registrar shall be selected
by the District. Any successor Registrar shall be either a bank, trust company, financial
institution, or other entity duly qualified and legally authorized to serve and perform the duties as
paying agent and registrar for the Bonds.
SECTION 14.04. REGISTRAR MAY OWN BONDS. The Registrar, in its
individual or any other capacity, may become the owner or pledgee of the Bonds with the same
rights it would have if it were not Registrar.
SECTION 14.05. BENEFITS OF ORDER PROVISIONS. Nothing in this Bond
Order or in the Bonds, expressed or implied, shall give or be construed to give any person, firm,
or corporation, other than the District, the Registrar, and the Registered Owners, any legal or
equitable right or claim under or in respect of this Bond Order, or under any covenant, condition,
or provision herein contained, all the covenants, conditions, and provisions contained in this
Bond Order or in the Bonds being for the sole benefit of the District, the Registrar, and the
Registered Owners.
SECTION 14.06. UNAVAILABILITY OF AUTHORIZED PUBLICATION. If,
because of the temporary or permanent suspension of any newspaper, journal, or other
publication, or for any reason, publication of notice cannot be made meeting any requirements
herein established, any notice required to be published by the provisions of this Bond Order shall
be given in such other manner and at such time or times as in the judgment of the District shall
most effectively approximate such required publication, and the giving of such notice in such
manner shall for all purposes of this Bond Order be deemed to be in compliance with the
requirements for publication thereof.
SECTION 14.07. SEVERABILITY CLAUSE. If any word, phrase, clause,
sentence, paragraph, section, or other part of this Bond Order, or the application thereof to any
person or circumstance, shall ever be held to be invalid or unconstitutional by any court of
competent jurisdiction, the remainder of this Bond Order and the application of such word,
phrase, clause, sentence, paragraph, section, or other part of this Bond Order to any other persons
or circumstances shall not be affected thereby.
SECTION 14.08. ACCOUNTING. The District will keep proper records and
accounts regarding the levy and collection of taxes, which records and accounts will be made
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available to any Registered Owner on reasonable request. Each year while any of the Bonds are
outstanding, the District shall have an audit of its books and accounts by a certified public
accountant or firm of certified public accountants, based on its Fiscal year, and copies of such
audits will be made available to any Registered Owner upon request.
SECTION 14.09. FURTHER PROCEEDINGS. The President and Secretary of
the Board of Directors and other appropriate officials of the District are hereby authorized and
directed to do any and all things necessary and/or convenient to carry out the terms of this Bond
Order.
ARTICLE FIFTEEN
SALE AND DELIVERY OF BONDS
AND APPROVAL OF DOCUMENTS
SECTION 15.01. SALE OF BONDS. The Bonds shall be sold and delivered,
pursuant to a purchase agreement at a price and under the terms set forth in the Pricing
Certificate. The Pricing Officer is authorized to approve such changes to the purchase agreement
as necessary in connection with the sale of the Bonds including Sections 15.03 and 19.01.
SECTION 15.02. APPROVAL, REGISTRATION, AND DELIVERY. The
President of the Board of Directors of the District and representatives of McCall, Parkhurst &
Horton L.L.P. are hereby authorized and directed to submit the Initial Bond and a transcript of
the proceedings relating to the issuance of the Bonds to the Attorney General of the State of
Texas for approval and, following said approval, to submit the Initial Bond to the Comptroller of
Public Accounts of the State of Texas for registration. Upon registration of the Initial Bond, the
Comptroller of Public Accounts (or a deputy designated in writing to act for the Comptroller)
shall manually sign the Comptroller's registration certificate prescribed herein to be printed and
endorsed on the Initial Bond, and the seal of the Comptroller shall be impressed or placed in
facsimile on the Initial Bond. After the Initial Bond has been registered, signed, and sealed by
the Comptroller, it shall be delivered to the Underwriter, but only upon receipt of the full
purchase price.
SECTION 15.03 APPROVAL OF OFFERING DOCUMENTS, PAYING
AGENT/REGISTRAR AGREEMENT AND ESCROW AGREEMENT. The Pricing
Officer is hereby authorized to approve the Preliminary Official Statement, the Official
Statement relating to the Bonds and any addenda, supplement or amendment thereto and to deem
such documents final in accordance with Rule 15c2-12. The District further approves the
distribution of such Official Statement in the reoffering of the Bonds by the Underwriter in final
form, with such changes therein or additions thereto as the Pricing Officer executing the same
may deem advisable, such determination to be conclusively evidenced by his execution thereof.
The Paying Agent/Registrar Agreement by and between the District and the Paying
Agent/Registrar ("Paying Agent Agreement") in substantially the form and substance attached
hereto as Exhibit "A" is hereby approved and the Pricing Officer is hereby authorized and
directed to complete, amend, modify and execute the Paying Agent Agreement as necessary.
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The Escrow Agreement by and between the District and the Escrow Agent ("Escrow
Agreement") in substantially the form and substance attached hereto as Exhibit "B" is hereby
approved, and the Pricing Officer is hereby authorized to complete, amend, modify and execute
the Escrow Agreement, as necessary.
The President, Vice President, Secretary/Treasurer and General Manager are each hereby
authorized to take such action as may be necessary to cause the purchase and delivery of the
federal securities to be acquired and deposited to the credit of the escrow fund created by the
Escrow Agreement.
SECTION 15.04. REFUNDING OF REFUNDED BONDS. Concurrently with the
delivery of the Bonds, the Pricing Officer shall cause to be deposited an amount from the
proceeds of the sale of the Bonds with the Escrow Agent sufficient, together with other legally
available funds of the District, to provide for the refunding and defeasance of the Refunded
Bonds, which are hereby called for redemption on the date determined by the Pricing Officer in
the Pricing Certificate. The Pricing Officer is further authorized and directed to apply and there
is hereby appropriated such moneys of the District as are necessary to fund the Escrow Fund to
be established by the Escrow Agreement with amounts sufficient to provide for the defeasance of
the Refunded Bonds on the date of delivery of the Bonds. The Pricing Officer is hereby
authorized and directed to issue the Notice of Redemption with respect to the Refunded Bonds in
substantially the form set forth in Exhibit "C" hereto with such changes and additions as
necessary to conform to the Pricing Certificate.
SECTION 15.05. ENGAGEMENT OF BOND COUNSEL AND
FINANCIAL ADVISOR. (a) the engagement of McCall, Parkhurst & Horton L.L.P., as bond
counsel to the Issuer in connection with the issuance, sale and delivery of the Bonds is hereby
approved and confirmed. The execution and delivery of an engagement letter between the Issuer
and such firm, with respect to such services as bond counsel, is hereby authorized in such form
as may be approved by the President of the Board or the General Manager.
(b) The Board authorizes the President and Secretary/Treasurer of the Board and the
General Manager of the District, or their designees, to take all actions necessary to execute any
necessary financial advisory contracts with Southwest Securities, Inc., as the financial advisor to
the District (the "Financial Advisor"). The District understands that under applicable federal
securities laws and regulations that the District must have a contractual arrangement with its
Financial Advisor relating to the sale, issuance and delivery of the Bonds.
ARTICLE SIXTEEN
OPEN MEETING AND EFFECTIVE DATE
SECTION 16.01. OPEN MEETING. The Board of Directors officially finds,
determines, and declares that this Bond Order was reviewed, carefully considered, and adopted at
a meeting of the Board, and that a sufficient written notice of the date, hour, place, and subject of
this meeting was posted as required by the Open Meetings Act, Chapter 551, Texas Government
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Code, as amended, and that this meeting has been open to the public as required by law at all
times during which this Bond Order and the subject matter hereof has been discussed,
considered, and acted upon. The Board of Directors further ratifies, approves and confirms such
written notice and the contents and posting thereof.
SECTION 16.02. EFFECTIVE DATE OF BOND ORDER. This Bond Order
shall take effect and be in full force and effect upon and after its passage.
ARTICLE SEVENTEEN
AMENDMENTS
SECTION 17.01. AMENDMENTS. (a) Amendment with Consent of Owners of
Majority of Bonds. The owners of a majority in aggregate principal amount of then outstanding
Bonds shall have the right from time to time to approve any amendment to this Bond Order
which may be deemed necessary or desirable by the District; provided however, that, other than
as permitted by subsection (f) of this Section 17.01, nothing herein contained shall permit or be
construed to permit the amendment, without the consent of the owner of each of the outstanding
Bonds affected thereby, of the terms and conditions of this Bond Order or the Bonds so as to:
(1) change debt service requirements, interest payment dates or the maturity or maturities
of the outstanding Bonds;
(2) reduce the rate of interest borne by any of the outstanding Bonds;
(3) reduce the amount of the principal of, redemption premium, if any, or interest on the
outstanding Bonds or impose any conditions with respect to such payments;
(4) modify the terms of payment of principal of, redemption premium, if any, or interest
on the outstanding Bonds, or impose any conditions with respect to such payments;
(5) affect the right of the Registered Owners of less than all of the Bonds then
outstanding; or
(6) decrease the minimum percentage of the principal amount of Bonds necessary for
consent to any such amendment.
(b) Notice of Amendment. If at any time the District shall desire to amend this Bond
Order it may cause a written notice of the proposed amendment to be published at least once on a
business day in a financial newspaper, journal, or publication of general circulation in the City of
New York, New York, or in the State of Texas. If, because of temporary or permanent
suspension of the publication or general circulation of all such newspapers, journals, or
publications, it is impossible or impractical to publish such notice in the manner provided herein,
then such publication in lieu thereof as shall be made by the Registrar shall constitute a sufficient
publication of notice. In addition to such publication, the Registrar shall cause a written notice
of the proposed amendment to be given by registered or certified mail to Registered Owners of
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the Bonds as shown on the Registration Books maintained by the Registrar; provided, however,
that failure to receive such written notice of the proposed amendment, or any defect therein or in
the mailing thereof, shall not affect the validity of any proceeding in connection with, or the
adoption of, such amendment. Such notice shall briefly set forth the nature of the proposed
amendment and shall state that a copy thereof is on file at the principal office of the Registrar for
inspection by all Registered Owners of Bonds.
(c) Consent to Amendment. Whenever at any time not less than 30 days, and within one
year, from the date of the first publication of said notice or other services of written notice the
District shall receive an instrument or instruments executed by the Registered Owners of at least
51% in aggregate principal amount of all Bonds then outstanding, which instrument or
instruments shall refer to the proposed amendment described in said notice and shall specifically
consent to and approve such amendment, the District may adopt the amendatory resolution or
order in substantially the same form.
(d) Effect of Amendment. Upon the adoption of any amendatory resolution or order
pursuant to the provisions of this Section, this Bond Order shall be deemed to be amended in
accordance with such amendatory resolution or order, and the respective rights, duties, and
obligations under such amendatory resolution or order of all the Registered Owners shall
thereafter be determined and exercised subject in all respects to such amendments.
(e) Consent of Registered Owners. Any consent given by a Registered Owners pursuant
to the provisions of this Section shall be irrevocable for a period of six months from the date of
the first publication of the notice provided for in this Section, and shall be conclusive and
binding upon all future owners of the Bonds during such period. Such consent may be revoked
by the Registered Owner who gave such consent at any time after six months from the date of the
first giving of such notice, or by a successor in title, by filing notice thereof with the Registrar
and the District, but such revocation shall not be effective if the Registered Owners of 51% in
aggregate principal amount of the then outstanding Bonds have, prior to the attempted
revocation, consented to and approved the amendment.
(f) Amendments Without Consent. Notwithstanding the provisions of (a) through (f) of
this Section, and without notice of the proposed amendment and without the consent of the
Registered Owners. The District may, at any time, amend this Bond Order to cure any ambiguity
or to cure, correct, or supplement any defective or inconsistent provision contained therein, or to
make any other change that does not in any respect materially and adversely affect the interest of
the Registered Owners, provided that no such amendment shall be made contrary to the
provision to Section 17.01 (a), and a duly certified or executed copy of each such amendment
shall be filed with the Registrar.
ARTICLE EIGHTEEN
OTHER ACTIONS AND MATTERS
SECTION 18.01. OTHER ACTIONS. The President, Vice President, and
Secretary/Treasurer of the Board of Directors of the District, General Manager, and all other
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officers, employees and agents of the District, and each of them, shall be and they are hereby
expressly authorized, empowered and directed from time to time and at any time to do and
perform all such acts and things and to execute, acknowledge and deliver in the name and under
the corporate seal and on behalf of the District all instruments as may be necessary or desirable
in order to carry out the terms and provisions of this Bond Order, the Bonds, the initial sale and
delivery of the Bonds, the Paying Agent/Registrar Agreement, the Escrow Agreement any
insurance commitment letter or insurance policy and the Official Statement. In addition, prior to
the initial delivery of the Bonds, President, Vice President, or Secretary/Treasurer of the Board
of Directors of the District, the District's Attorney and Bond Counsel are hereby authorized and
directed to approve any technical changes or corrections to this Order or to any of the
instruments authorized and approved by this Order necessary in order to (i) correct any
ambiguity or mistake or properly or more completely document the transactions contemplated
and approved by this Ordinance and as described in the Official Statement, (ii) obtain a rating
from any of the national bond rating agencies or satisfy requirements of the Bond Insurer, or (iii)
obtain the approval of the Bonds by the Texas Attorney General's office.
SECTION 18.02. ADDITIONAL BOND INSURANCE PROVISIONS. The Pricing
Officer is authorized to determine whether the Bonds sell with bond insurance and any
provisions related to such insurance as evidenced in the Pricing Certificate in accordance with
Section 1207.007(b)(5) of the Texas Government Code, as amended. Bond Counsel is
authorized to amend this Order with any necessary provisions required by the Bond Insurer and
agreed to by the District.
SECTION 18.03. PAYMENT OF ATTORNEY GENERAL FEE. The District
hereby authorizes the disbursement of a fee equal to the lesser of (i) one-tenth of one percent of
the principal amount of the Bonds or (ii) $9,500, provided that such fee shall not be less than
$750, to the Attorney General of Texas Public Finance Division for payment of the examination
fee charged by the State of Texas for the Attorney General's review and approval of public
securities and credit agreements, as required by Section 1202.004 of the Texas Government
Code. The appropriate member of the District's staff is hereby instructed to take the necessary
measures to make this payment. The District is also authorized to reimburse the appropriate
District funds for such payment from proceeds of the Bonds.
ARTICLE NINETEEN
CONTINUING DISCLOSURE
SECTION 19.01. CONTINUING DISCLOSURE UNDERTAKING. (a) Annual
Reports. The District shall provide annually to the MSRB, in an electronic format as prescribed
by the MSRB, within six months after the end of any fiscal year, financial information and
operating data with respect to the District of the general type included in the final Official
Statement authorized by Section 15.03 of this Order, being the information described in the
Pricing Certificate. Any financial statements to be so provided shall be (1) prepared in
accordance with the accounting principles described in Appendix D to the Official Statement, or
such other accounting principles as the District may be required to employ from time to time
pursuant to state law or regulation, and (2) audited, if the District commissions an audit of such
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statements and the audit is completed within the period during which they must be provided. If
the audit of such financial statements is not complete within such period, then the District shall
provide unaudited financial statements within such period, and audited financial statements for
the applicable fiscal year to the MSRB, when and if the audit report on such statements become
available.
If the District changes the fiscal year, the District will notify the MSRB of the change
(and of the date of the new fiscal year end) prior to the next date by which the District otherwise
would be required to provide financial information and operating data pursuant to this Section.
The financial information and operating data to be provided pursuant to this subsection
may be set forth in full in one or more documents or may be included by specific reference to
any document that is available to the public on the MSRB's internet web site or filed with the
SEC. All documents provided to the MSRB pursuant to this subsection shall be accompanied by
identifying information as prescribed by the MSRB.
(b) Event Notices. The District shall notify the MSRB, in an electronic format as
prescribed by the MSRB, in a timely manner not in excess of ten business days after the
occurrence of the event, of any of the following events with respect to the Bonds:
A. Principal and interest payment delinquencies;
B. Non-payment related defaults, if material within the meaning of the federal
securities laws;
C. Unscheduled draws on debt service reserves reflecting financial difficulties;
D. Unscheduled draws on credit enhancements reflecting financial difficulties;
E. Substitution of credit or liquidity providers, or their failure to perform;
F. Adverse tax opinions, the issuance by the Internal Revenue Service of proposed
or final determinations of taxability, Notices of Proposed Issue (IRS Form 5701BTEB) or other
material notices or determinations with respect to the tax status of the Bonds, or other material
events affecting the tax status of the Bonds;
G. Modifications to rights of holders of the Bonds, if material within the meaning of
the federal securities laws;
H. Bond calls, if material within the meaning of the federal securities laws, and
tender offers;
I. Defeasances;
J. Release, substitution, or sale of property securing repayment of the Bonds, if
material within the meaning of the federal securities laws;
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K. Rating changes;
L. Bankruptcy, insolvency, receivership or similar event of the District;
M. The consummation of a merger, consolidation, or acquisition involving the
District or the sale of all or substantially all of the assets of the District, other than in the ordinary
course of business, the entry into a definitive agreement to undertake such an action or the
termination of a definitive agreement relating to any such actions, other than pursuant to its
terms, if material within the meaning of the federal securities laws; and
N. Appointment of a successor or additional trustee or the change of name of a
trustee, if material within the meaning of the federal securities laws.
The District shall notify the MSRB, in an electronic format as prescribed by the MSRB,
in a timely manner, of any failure by the District to provide financial information or operating
data in accordance with this subsection by the time required. All documents provided to the
MSRB pursuant to this subsection shall be accompanied by identifying information as prescribed
by the MSRB.
(c) Limitations, Disclaimers, and Amendments. The District shall be obligated to
observe and perform the covenants specified in this Section for so long as, but only for so long
as, the District remains an "obligated person" with respect to the Bonds within the meaning of
the Rule, except that the District in any event will give the notice required by this Order of any
Bond calls and defeasance that cause the Bonds to be no longer outstanding.
The provisions of this Section are for the sole benefit of the holders and beneficial
owners of the Bonds, and nothing in this Section, express or implied, shall give any benefit or
any legal or equitable right, remedy, or claim hereunder to any other person. The District
undertakes to provide only the financial information, operating data, financial statements, and
notices that it has expressly agreed to provide pursuant to this Section and does not hereby
undertake to provide any other information that may be relevant or material to a complete
presentation of the District's financial results, condition, or prospects relating to the District or
hereby undertake to update any information provided in accordance with this Section or
otherwise, except as expressly provided herein. The District does not make any representation or
warranty concerning such information or its usefulness to a decision to invest in or sell Bonds at
any future date.
UNDER NO CIRCUMSTANCES SHALL THE DISTRICT BE LIABLE TO THE
HOLDER OR BENEFICIAL OWNER OF ANY BOND OR ANY OTHER PERSON, IN
CONTRACT OR TORT, FOR DAMAGES RESULTING IN WHOLE OR IN PART FROM
ANY BREACH BY THE DISTRICT, WHETHER NEGLIGENT OR WITHOUT FAULT ON
ITS PART, OF ANY COVENANT SPECIFIED IN THIS SECTION, BUT EVERY RIGHT
AND REMEDY OF ANY SUCH PERSON, IN CONTRACT OR TORT, FOR OR ON
ACCOUNT OF ANY SUCH BREACH SHALL BE LIMITED TO AN ACTION FOR
MANDAMUS OR SPECIFIC PERFORMANCE.
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No default by the District in observing or performing its obligations under this Section
shall constitute a breach of or default under this Order for purposes of any other provision of this
Order.
Should the Rule be amended to obligate the District to make filings with or provide
notices to entities other than the MSRB, the District hereby agrees to undertake such obligation
with respect to the Bonds in accordance with the Rule as amended.
Nothing in this Section is intended or shall act to disclaim, waive, or otherwise limit the
duties of the District under federal and state securities laws.
The provisions of this Section may be amended by the District from time to time to adapt
to changed circumstances that arise from a change in legal requirements, a change in law, or a
change in the identity, nature, status, or type of operations of the District, but only if (1) the
provisions of this Section, as so amended, would have permitted an underwriter to purchase or
sell Bonds in the primary offering of the Bonds in compliance with the Rule, taking into account
any amendments or interpretations of the Rule to the date of such amendment, as well as such
changed circumstances, and (2) either (A) the holders of a majority in aggregate principal
amount (or any greater amount required by any other provision of this Order that authorizes such
an amendment) of the outstanding Bonds consent to such amendment or (B) a person that is
unaffiliated with the District (such as nationally recognized bond counsel) determines that such
amendment will not materially impair the interests of the holders and beneficial owners of the
Bonds. If the District so amends the provisions of this Section, it shall include with any
amended financial information or operating data next provided in accordance with this Section
an explanation, in narrative form, of the reasons for the amendment and of the impact of any
change in the type of financial information or operating data so provided. The District may also
amend or repeal the provisions of this continuing disclosure requirement if the SEC amends or
repeals the applicable provisions of the Rule or a court of final jurisdiction enters judgment that
such provisions of the Rule are invalid, but only if and to the extent that the provisions of this
sentence would not prevent an underwriter from lawfully purchasing or selling the Bonds in the
primary offering of the Bonds.
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EXHIBIT "A"
PAYING AGENT/REGISTRAR AGREEMENT
A-1
TCMUD#1 Page 64 of 294 Meeting Date: June 18, 2013
PAYING AGENT/REGISTRAR AGREEMENT
THIS AGREEMENT entered into as of _________ ___, 2013 (this "Agreement"), by
and between Trophy Club Municipal Utility District No. 1 (the "Issuer"), and The Bank of New
York Mellon Trust Company, N.A., Dallas, Texas, a banking corporation duly organized and
existing under the laws of the United States of America (the "Bank").
RECITALS
WHEREAS, the Issuer has duly authorized and provided for the issuance of its
$1,900,000 Trophy Club Municipal Utility District No. 1 Unlimited Tax Refunding Bonds,
Series 2013, (the "Securities"), such Securities to be issued in fully registered form only as to the
payment of principal and interest thereon; and
WHEREAS, the Securities are scheduled to be delivered to the initial purchasers thereof
on or about ____________ __, 2013; and
WHEREAS, the Issuer has selected the Bank to serve as Paying Agent/Registrar in
connection with the payment of the principal of, premium, if any, and interest on the Securities
and with respect to the registration, transfer and exchange thereof by the registered owners
thereof; and
WHEREAS, the Bank has agreed to serve in such capacities for and on behalf of the
Issuer and has full power and authority to perform and serve as Paying Agent/Registrar for the
Securities;
NOW, THEREFORE, it is mutually agreed as follows:
ARTICLE ONE
APPOINTMENT OF BANK AS
PAYING AGENT AND REGISTRAR
Section 1.01. Appointment.
The Issuer hereby appoints the Bank to serve as Paying Agent with respect to the
Securities. As Paying Agent for the Securities, the Bank shall be responsible for paying on
behalf of the Issuer the principal, premium (if any), and interest on the Securities as the same
become due and payable to the registered owners thereof, all in accordance with this Agreement
and the "Order" (hereinafter defined).
The Issuer hereby appoints the Bank as Registrar with respect to the Securities. As
Registrar for the Securities, the Bank shall keep and maintain for and on behalf of the Issuer
books and records as to the ownership of the Securities and with respect to the transfer and
exchange thereof as provided herein and in the "Order."
The Bank hereby accepts its appointment, and agrees to serve as the Paying Agent and
Registrar for the Securities.
TCMUD#1 Page 65 of 294 Meeting Date: June 18, 2013
Section 1.02. Compensation.
As compensation for the Bank's services as Paying Agent/Registrar, the Issuer hereby
agrees to pay the Bank the fees and amounts set forth in Schedule A attached hereto for the first
year of this Agreement and thereafter the fees and amounts set forth in the Bank's current fee
schedule then in effect for services as Paying Agent/Registrar for political subdivisions, which
shall be supplied to the Issuer on or before 90 days prior to the close of the Fiscal Year of the
Issuer, and shall be effective upon the first day of the following Fiscal Year.
In addition, the Issuer agrees to reimburse the Bank upon its request for all reasonable
expenses, disbursements and advances incurred or made by the Bank in accordance with any of
the provisions hereof (including the reasonable compensation and the expenses and
disbursements of its agents and counsel).
ARTICLE TWO
DEFINITIONS
Section 2.01. Definitions.
For all purposes of this Agreement, except as otherwise expressly provided or unless the
context otherwise requires:
"Acceleration Date" on any Security means the date on and after which the principal or
any or all installments of interest, or both, are due and payable on any Security which has
become accelerated pursuant to the terms of the Security.
"Bank Office" means the designated office for payment of the Bank as indicated on the
signature page hereof. The Bank will notify the Issuer in writing of any change in location of the
Bank Office.
"Financial Advisor" means Southwest Securities, Inc.
"Fiscal Year" means the fiscal year of the Issuer, ending September 30.
"Holder" and "Security Holder" each means the Person in whose name a Security is
registered in the Security Register.
"Issuer Request" and "Issuer Order" means a written request or Order signed in the name
of the Issuer by an authorized representative, delivered to the Bank.
"Legal Holiday" means a day on which the Bank is required or authorized to be closed.
"Order" means the Order of the governing body of the Issuer pursuant to which the
Securities are issued, certified by the Secretary of the Board or any other officer of the Issuer and
delivered to the Bank.
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"Person" means any individual, corporation, partnership, joint venture, association, joint
stock company, trust, unincorporated organization or government or any agency or political
subdivision of a government.
"Predecessor Securities" of any particular Security means every previous Security
evidencing all or a portion of the same obligation as that evidenced by such particular Security
(and, for the purposes of this definition, any mutilated, lost, destroyed, or stolen Security for
which a replacement Security has been registered and delivered in lieu thereof pursuant to
Section 4.06 hereof and the Order).
"Redemption Date" when used with respect to any Bond to be redeemed means the date
fixed for such redemption pursuant to the terms of the Order.
"Responsible Officer" when used with respect to the Bank means the Chairman or Vice-
Chairman of the Board of Directors, the Chairman or Vice-chairman of the Executive Committee
of the Board of Directors, the President, any Vice President, the Secretary, any Assistant
Secretary, the Treasurer, any Assistant Treasurer, the Cashier, any Assistant Cashier, any Trust
Officer or Assistant Trust Officer, or any other officer of the Bank customarily performing
functions similar to those performed by any of the above designated officers and also means,
with respect to a particular corporate trust matter, any other officer to whom such matter is
referred because of his knowledge of and familiarity with the particular subject.
"Security Register" means a register maintained by the Bank on behalf of the Issuer
providing for the registration and transfer of the Securities.
"Stated Maturity" means the date specified in the Order on which the principal of a
Security is scheduled to be due and payable.
Section 2.02. Other Definitions.
The terms "Bank," Issuer," and "Securities (Security)" have the meanings assigned to
them in the recital paragraphs of this Agreement.
The term "Paying Agent/Registrar" refers to the Bank in the performance of the duties
and functions of this Agreement.
ARTICLE THREE
PAYING AGENT
Section 3.01. Duties of Paying Agent.
As Paying Agent, the Bank shall, provided adequate collected funds have been provided
to it for such purpose by or on behalf of the Issuer, pay on behalf of the Issuer the principal of
each Security at its Stated Maturity, Redemption Date, or Acceleration Date, to the Holder upon
surrender of the Security to the Bank at the Bank Office.
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TCMUD#1 Page 67 of 294 Meeting Date: June 18, 2013
As Paying Agent, the Bank shall, provided adequate collected funds have been provided
to it for such purpose by or on behalf of the Issuer, pay on behalf of the Issuer the interest on
each Security when due, by computing the amount of interest to be paid each Holder and
preparing and sending checks by United States Mail, first-class postage prepaid, on each
payment date, to the Holders of the Securities (or their Predecessor Securities) on the respective
Record Date, to the address appearing on the Security Register or by such other method,
acceptable to the Bank, requested in writing by the Holder at the Holder's risk and expense.
Principal and interest payments made pursuant to this Section 3.01 shall be made by wire
transfer.
Section 3.02. Payment Dates.
The Issuer hereby instructs the Bank to pay the principal of and interest on the Securities
on the dates specified in the Order.
Section 3.03 Reporting Requirements.
To the extent required by the Internal Revenue Code of 1986, as amended, or the
Treasury Regulations, the Bank shall report to or cause to be reported to the Holders and the
Internal Revenue Service the amount of interest paid or the amount treated as interest accrued on
the Securities which is required to be reported by the Holders on their returns of federal income
tax.
ARTICLE FOUR
REGISTRAR
Section 4.01. Security Register - Transfers and Exchanges.
The Bank agrees to keep and maintain for and on behalf of the Issuer at the Bank Office
books and records (herein sometimes referred to as the "Security Register"), and, if the Bank
Office is located outside the State of Texas, a copy of such books and records shall be kept in the
State of Texas, for recording the names and addresses of the Holders of the Securities, the
transfer, exchange and replacement of the Securities and the payment of the principal of and
interest on the Securities to the Holders and containing such other information as may be
reasonably required by the Issuer and subject to such reasonable regulations as the Issuer and the
Bank may prescribe. The Bank also agrees to keep a copy of the Security Register within the
State of Texas. All transfers, exchanges and replacement of Securities shall be noted in the
Security Register.
Every Security surrendered for transfer or exchange shall be duly endorsed or be
accompanied by a written instrument of transfer, the signature on which has been guaranteed by
an officer of a federal or state bank or a member of the National Association of Securities
Dealers, in form satisfactory to the Bank, duly executed by the Holder thereof or his agent duly
authorized in writing.
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TCMUD#1 Page 68 of 294 Meeting Date: June 18, 2013
The Bank may request any supporting documentation it feels necessary to effect a re-
registration, transfer or exchange of the Securities.
To the extent possible and under reasonable circumstances, the Bank agrees that, in
relation to an exchange or transfer of Securities, the exchange or transfer by the Holders thereof
will be completed and new Securities delivered to the Holder or the assignee of the Holder in not
more than three (3) business days after the receipt of the Securities to be cancelled in an
exchange or transfer and the written instrument of transfer or request for exchange duly executed
by the Holder, or his duly authorized agent, in form and manner satisfactory to the Paying
Agent/Registrar.
Section 4.02. Certificates.
The Issuer shall provide an adequate inventory of printed Securities certificates to
facilitate transfers or exchanges thereof. The Bank covenants that the inventory of printed
Securities certificates will be kept in safekeeping pending their use, and reasonable care will be
exercised by the Bank in maintaining such Securities certificates in safekeeping, which shall be
not less than the level of care maintained by the Bank for debt securities of other political
subdivisions or corporations for which it serves as registrar, or that it maintains for its own
securities.
Section 4.03. Form of Security Register.
The Bank, as Registrar, will maintain the Security Register relating to the registration,
payment, transfer and exchange of the Securities in accordance with the Bank's general practices
and procedures in effect from time to time. The Bank shall not be obligated to maintain such
Security Register in any form other than those which the Bank has currently available and
currently utilizes at the time.
The Security Register may be maintained in written form or in any other form capable of
being converted into written form within a reasonable time.
Section 4.04. List of Security Holders.
The Bank will provide the Issuer at any time requested by the Issuer, upon payment of
the required fee, a copy of the information contained in the Security Register. The Issuer may
also inspect the information contained in the Security Register at any time the Bank is
customarily open for business, provided that reasonable time is allowed the Bank to provide an
up-to-date listing or to convert the information into written form.
The Bank will not release or disclose the contents of the Security Register to any person
other than to, or at the written request of, an authorized officer or employee of the Issuer, except
upon receipt of a court order or as otherwise required by law. Upon receipt of a court order or
other notice of a legal proceeding and prior to the release or disclosure of any of the contents of
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TCMUD#1 Page 69 of 294 Meeting Date: June 18, 2013
the Security Register, the Bank will notify the Issuer so that the Issuer may contest the same or
such release or disclosure of the contents of the Security Register.
Section 4.05. Return of Cancelled Certificates.
The Bank will, at such reasonable intervals as it determines, surrender to the Issuer,
Securities in lieu of which or in exchange for which other Securities have been issued, or which
have been paid.
Section 4.06. Mutilated, Destroyed, Lost or Stolen Securities.
The Issuer hereby instructs the Bank, subject to the applicable provisions of the Order, to
deliver and issue Securities certificates in exchange for or in lieu of mutilated, destroyed, lost, or
stolen Securities certificates as long as the same does not result in an overissuance.
In case any Security shall be mutilated, or destroyed, lost or stolen, the Bank, in its
discretion, may execute and deliver a replacement Security of like form and tenor, and in the
same denomination and bearing a number not contemporaneously outstanding, in exchange and
substitution for such mutilated Security, or in lieu of and in substitution for such destroyed lost
or stolen Security, only after (i) the filing by the Holder thereof with the Bank of evidence
satisfactory to the Bank of the destruction, loss or theft of such Security, and of the authenticity
of the ownership thereof and (ii) the furnishing to the Bank of indemnification in an amount
satisfactory to hold the Issuer and the Bank harmless. All expenses and charges associated with
such indemnity and with the preparation, execution and delivery of a replacement Security shall
be borne by the Holder of the Security mutilated, or destroyed, lost or stolen.
Section 4.07. Transaction Information to Issuer.
The Bank will, within a reasonable time after receipt of written request from the Issuer,
furnish the Issuer information as to the Securities certificates it has paid pursuant to Section 3.01,
Securities certificates it has delivered upon the transfer or exchange of any Securities certificates
pursuant to Section 4.01, and Securities certificates it has delivered in exchange for or in lieu of
mutilated, destroyed, lost, or stolen Securities certificates pursuant to Section 4.06.
ARTICLE FIVE
THE BANK
Section 5.01. Duties of Bank.
The Bank undertakes to perform the duties set forth herein and agrees to use reasonable
care in the performance thereof.
The Bank is also authorized to transfer funds relating to the closing and initial delivery of
the securities in the manner disclosed in the closing memorandum as prepared by the Issuer's
Financial Advisor or other agent. The Bank may act on facsimile or e-mail transmission of the
closing memorandum acknowledged by the Financial Advisor or the Issuer as the final closing
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TCMUD#1 Page 70 of 294 Meeting Date: June 18, 2013
memorandum. The Bank shall not be liable for any losses, costs or expenses arising directly or
indirectly from the Bank's reliance upon and compliance with such instructions.
Section 5.02. Reliance on Documents, Etc.
(a) The Bank may conclusively rely, as to the truth of the statements and correctness
of the opinions expressed therein, on certificates or opinions furnished to the Bank by the Issuer.
(b) The Bank shall not be liable for any error of judgment made in good faith by a
Responsible Officer, unless it shall be proven that the Bank was negligent in ascertaining the
pertinent facts.
(c) No provisions of this Agreement shall require the Bank to expend or risk its own
funds or otherwise incur any financial liability for performance of any of its duties hereunder, or
in the exercise of any of its rights or powers, if it shall have reasonable grounds for believing that
repayment of such funds or adequate indemnity satisfactory to it against such risks or liability is
not assured to it.
(d) The Bank may rely and shall be protected in acting or refraining from acting upon
any Order, certificate, statement, instrument, opinion, report, notice, request, direction, consent,
order, bond, note, security, or other paper or document believed by it to be genuine and to have
been signed or presented by the proper party or parties. Without limiting the generality of the
foregoing statement, the Bank need not examine the ownership of any Securities, but is protected
in acting upon receipt of Securities certificates containing an endorsement or instruction of
transfer or power of transfer which appears on its face to be signed by the Holder or an agent of
the Holder. The Bank shall not be bound to make any investigation into the facts or matters
stated in a Order, certificate, statement, instrument, opinion, report, notice, request, direction,
consent, order, bond, note, security, or other paper or document supplied by the Issuer.
(e) The Bank may consult with legal counsel, and the written advice of such counsel or
any opinion of counsel shall be full and complete authorization and protection with respect to
any action taken, suffered, or omitted by it hereunder in good faith and in reliance thereon,
provided that any such written advice or opinion is supplied to the Issuer by the Bank.
(f) The Bank may exercise any of the powers hereunder and perform any duties
hereunder either directly or by or through agents or attorneys of the Bank.
Section 5.03. Recitals of Issuer.
The recitals contained herein with respect to the Issuer and in the Securities shall be taken
as the statements of the Issuer, and the Bank assumes no responsibility for their correctness.
The Bank shall in no event be liable to the Issuer, any Holder or Holders of any Security,
or any other Person for any amount due on any Security from its own funds.
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Section 5.04. May Hold Securities.
The Bank, in its individual or any other capacity, may become the owner or pledgee of
Securities and may otherwise deal with the Issuer with the same rights it would have if it were
not the Paying Agent/Registrar, or any other agent.
Section 5.05. Moneys Held by Bank.
The Bank shall deposit any moneys received from the Issuer into a segregated account to
be held by the Bank solely for the benefit of the owners of the Securities to be used solely for the
payment of the Securities, with such moneys in the account that exceed the deposit insurance
available to the Issuer by the Federal Deposit Insurance Corporation, to be fully collateralized
with securities or obligations that are eligible under the laws of the State of Texas to secure and
be pledged as collateral for such accounts until the principal and interest on such securities have
been presented for payment and paid to the owner thereof. Payments made from such account
shall be made by check drawn on such account unless the owner of such Securities shall, at its
own expense and risk, request such other medium of payment.
Subject to the Unclaimed Property Law of the State of Texas, any money deposited with
the Bank for the payment of the principal, premium (if any), or interest on any Security and
remaining unclaimed for three years after the final maturity of the Security has become due and
payable will be paid by the Bank to the Issuer if the Issuer so elects, and the Holder of such
Security shall hereafter look only to the Issuer for payment thereof, and all liability of the Bank
with respect to such monies shall thereupon cease. If the Issuer does not elect, the Bank is
directed to report and dispose of the funds in compliance with Title Six of the Texas Property
Code, as amended.
Section 5.06. Indemnification.
To the extent permitted by law, the Issuer agrees to indemnify the Bank for, and hold it
harmless against, any loss, liability, or expense incurred without negligence or bad faith on the
Bank's part, arising out of or in connection with the Bank's acceptance or administration of its
duties hereunder, including the cost and expense incurred by the Bank in defending against any
claim or from liability imposed on the Bank in connection with the Bank's exercise or
performance of any of its powers or duties under this Agreement.
Section 5.07. Interpleader.
The Issuer and the Bank agree that the Bank may seek adjudication of any adverse claim,
demand, or controversy over its person as well as funds on deposit, in either a Federal or State
District Court located in the Denton or Tarrant County, Texas, and agree that service of process
by certified or registered mail, return receipt requested, to the address referred to in Section 6.03
of this Agreement shall constitute adequate service. The Issuer and the Bank further agree that
the Bank has the right to file a Bill of Interpleader in any court of competent jurisdiction in
Denton or Tarrant County, Texas to determine the rights of any Person claiming any interest
herein.
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TCMUD#1 Page 72 of 294 Meeting Date: June 18, 2013
Section 5.08. Depository Trust Company Services.
It is hereby represented and warranted that, in the event the Securities are otherwise
qualified and accepted for "Depository Trust Company" services or equivalent depository trust
services by other organizations, the Bank has the capability and, to the extent within its control,
will comply with the "Operational Arrangements," effective August 1, 1987, which establishes
requirements for securities to be eligible for such type depository trust services, including, but
not limited to, requirements for the timeliness of payments and funds availability, transfer
turnaround time, and notification of redemptions and calls.
Attached hereto is a copy of the Blanket Issuer Letter of Representations between the
Issuer and The Depository Trust Company, New York, New York, providing for the Bonds to be
issued in a Book-Entry Only System. The Bank and the Issuer hereby confirm their obligations
under such Letter of Representation.
ARTICLE SIX
MISCELLANEOUS PROVISIONS
Section 6.01. Amendment.
This Agreement may be amended only by an agreement in writing signed by both of the
parties hereto.
Section 6.02. Assignment.
This Agreement may not be assigned by either party without the prior written consent of
the other.
Section 6.03. Notices.
Any request, demand, authorization, direction, notice, consent, waiver, or other document
provided or permitted hereby to be given or furnished to the Issuer or the Bank shall be mailed or
delivered to the Issuer or the Bank, respectively, at the addresses shown on the signature page of
this Agreement.
Section 6.04. Effect of Headings.
The Article and Section headings herein are for convenience only and shall not affect the
construction hereof.
Section 6.05. Successors and Assigns.
All covenants and agreements herein by the Issuer and the Bank shall bind their
respective successors and assigns, whether so expressed or not.
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Section 6.06. Severability.
In case any provision herein shall be invalid, illegal, or unenforceable, the validity,
legality, and enforceability of the remaining provisions shall not in any way be affected or
impaired thereby.
Section 6.07. Benefits of Agreement.
Nothing herein, express or implied, shall give to any Person, other than the parties hereto
and their successors hereunder, any benefit or any legal or equitable right, remedy, or claim
hereunder.
Section 6.08. Entire Agreement.
This Agreement and the Order constitute the entire agreement between the parties hereto
relative to the Bank acting as Paying Agent/Registrar and if any conflict exists between this
Agreement and the Order, the Order shall govern.
Section 6.09. Counterparts.
This Agreement may be executed in any number of counterparts, each of which shall be
deemed an original and all of which shall constitute one and the same Agreement.
Section 6.10. Termination.
This Agreement will terminate (i) on the date of final payment of the principal of and
interest on the Securities to the Holders thereof or (ii) may be earlier terminated by either party
upon thirty (30) days written notice; provided, however, an early termination of this Agreement
by either party shall not be effective until (a) a successor Paying Agent/Registrar has been
appointed by the Issuer and such appointment accepted and (b) notice has been given to the
Holders of the Securities of the appointment of a successor Paying Agent/Registrar.
Furthermore, the Bank and Issuer mutually agree that the effective date of an early termination of
this Agreement shall not occur at any time which would disrupt, delay or otherwise adversely
affect the payment of the Securities.
Upon an early termination of this Agreement, the Bank agrees to promptly transfer and
deliver the Security Register (or a copy thereof), together with other pertinent books and records
relating to the Securities, to the successor Paying Agent/Registrar designated and appointed by
the Issuer.
The provisions of Section 1.02, 5.02, 5.03 and 5.06 of this Agreement shall survive and
remain in full force and effect following the termination of this Agreement.
The resigning Paying Agent/Registrar may petition any court of competent jurisdiction
for the appointment of a successor Paying Agent/Registrar if an instrument of acceptance by a
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TCMUD#1 Page 74 of 294 Meeting Date: June 18, 2013
successor Paying Agent/Registrar has not been delivered to the resigning Paying Agent/Registrar
within sixty (60) days after giving such notice of resignation.
Section 6.11. Governing Law.
This Agreement shall be construed in accordance with and governed by the laws of the
State of Texas.
[The remainder of this page is intentionally left blank.]
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TCMUD#1 Page 75 of 294 Meeting Date: June 18, 2013
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
day and year first above written.
THE BANK OF NEW YORK MELLON
TRUST COMPANY, N.A.
By:____________________________________
Title:___________________________________
Mailing Address:
2001 Bryan Street, 9th Floor
Dallas, Texas 75201
Paying Agent/Registrar Agreement
Trophy Club Municipal Utility District No. 1 Unlimited Tax Refunding Bonds, Series 2013
TCMUD#1 Page 76 of 294 Meeting Date: June 18, 2013
TROPHY CLUB MUNICIPAL UTILITY
DISTRICT NO. 1
By: ________________________________
Title: President, Board of Directors
Address:
100 Municipal Drive
Trophy Club, Texas 76262
Paying Agent/Registrar Agreement
Trophy Club Municipal Utility District No. 1 Unlimited Tax Refunding Bonds, Series 2013
TCMUD#1 Page 77 of 294 Meeting Date: June 18, 2013
SCHEDULE A
Paying Agent/Registrar Fee Schedule
A-1
TCMUD#1 Page 78 of 294 Meeting Date: June 18, 2013
EXHIBIT "B"
ESCROW AGREEMENT
B-1
TCMUD#1 Page 79 of 294 Meeting Date: June 18, 2013
ESCROW AGREEMENT
Trophy Club Municipal Utility District No. 2
Unlimited Tax Bonds
Series 2003
Trophy Club Municipal Utility District No. 2
Unlimited Tax Bonds
Series 2005
______________________________
THIS ESCROW AGREEMENT, dated as of __________ __, 2013 (herein, together with
any amendments or supplements hereto, called the "Agreement") is entered into by and between
the Trophy Club Municipal Utility District No. 1 (herein called the "Issuer") and The Bank of New
York Mellon Trust Company, N.A., as escrow agent (herein, together with any successor in such
capacity, called the "Escrow Agent"). The addresses of the Issuer and the Escrow Agent are
shown on Exhibit A attached hereto and made a part hereof.
WITNESSETH:
WHEREAS, the Issuer heretofore issued and there presently remain outstanding the
obligations (the "Refunded Obligations") described in Exhibit B attached hereto and made a part
hereof; and
WHEREAS, the Refunded Obligations are scheduled to mature in such years, bear interest
at such rates, and be payable at such times and in such amounts as are set forth in Exhibit C hereto;
and
WHEREAS, the Issuer has received the Sufficiency Certificate of The Bank of New York
Mellon Trust Company, N.A., as paying agent/registrar of the Refunded Obligations (the "PA/R
Certificate") relating to the Refunded Obligations, attached hereto as Exhibit D and made a part
hereof; and
WHEREAS, when firm banking arrangements have been made for the payment of
principal, redemption premium, if any, and interest to the maturity or redemption dates of the
Refunded Obligations, then the Refunded Obligations shall no longer be regarded as outstanding
except for the purpose of receiving payment from the funds provided for such purpose; and
WHEREAS, Chapter 1207, Texas Government Code ("Chapter 1207"), authorizes the
Issuer to issue refunding bonds and to deposit the proceeds from the sale thereof, and any other
available funds or resources, directly with any paying agent for the Refunded Obligations, or a
trust company or commercial bank that does not act as a depository for the Issuer, and such
deposit, if made before such payment dates and in sufficient amounts, shall constitute the making
TCMUD#1 Page 80 of 294 Meeting Date: June 18, 2013
of firm banking and financial arrangements for the discharge and final payment of the Refunded
Obligations; and
WHEREAS, Chapter 1207 further authorizes the Issuer to enter into an escrow agreement
with any such paying agent for any of the Refunded Obligations, or a trust company or commercial
bank that does not act as a depository for the Issuer, with respect to the safekeeping, investment,
administration and disposition of any such deposit, upon such terms and conditions as the Issuer
and such paying agent, trust company or commercial bank may agree, provided that such deposits
may be invested only in obligations described in Section 1207.062 of Chapter 1207, which
obligations may be in book entry form, and which shall mature and/or bear interest payable at such
times and in such amounts as will be sufficient to provide for the scheduled payment of principal,
redemption premium, if any, and interest on the Refunded Obligations when due; and
WHEREAS, the Escrow Agent is the paying agent for the Refunded Obligations (the
"Paying Agent") and this Agreement constitutes an escrow agreement of the kind authorized and
required by said Chapter 1207; and
WHEREAS, Chapter 1207 makes it the duty of the Escrow Agent to comply with the
terms of this Agreement and timely make available to the places of payment for the Refunded
Obligations the amounts required to provide for the payment of the principal of and interest on
such obligations when due, and in accordance with their terms, but solely from the funds, in the
manner, and to the extent provided in this Agreement; and
WHEREAS, the Trophy Club Municipal Utility District No. 1 Unlimited Tax Refunding
Bonds, Series 2013 (the "Refunding Bonds") have been issued, sold and delivered for the purpose,
among others, of obtaining the funds required to provide for the payment of the principal of and
redemption premium, if any, on the Refunded Obligations at their respective maturity dates or
dates of redemption and the interest thereon to such dates; and
WHEREAS, the Issuer desires that, concurrently with the delivery of the Refunding
Bonds to the purchasers thereof, certain proceeds of the Refunding Bonds, together with certain
other available funds of the Issuer, if applicable, shall be deposited to the credit of the Escrow
Fund created pursuant to the terms of this Agreement; and
WHEREAS, the cash balances from time to time on deposit in the Escrow Fund and
Escrowed Securities, if any, which shall mature and the interest thereon shall be payable at such
times and in such amounts so as to provide moneys which together with such cash balances will be
sufficient to pay interest on the Refunded Obligations as it accrues and becomes payable and the
principal of the Refunded Obligations on their maturity dates or dates of redemption; and
WHEREAS, to facilitate the payment of the principal of, redemption premium, if any, and
interest on the Refunded Obligations, and to facilitate receipt and transfer of proceeds of Escrowed
Securities, particularly those in book entry form, the Issuer desires to establish the Escrow Fund at
the corporate trust office of the Escrow Agent; and
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NOW, THEREFORE, in consideration of the mutual undertakings, promises and
agreements herein contained, the sufficiency of which hereby are acknowledged, and to secure the
full and timely payment of principal of, redemption premium, if any, and the interest on the
Refunded Obligations, the Issuer and the Escrow Agent mutually undertake, promise, and agree
for themselves and their respective representatives and successors, as follows:
ARTICLE I
DEFINITIONS AND INTERPRETATIONS
Section 1.01. Definitions. Unless the context clearly indicates otherwise, the following
terms shall have the meanings assigned to them below when they are used in this Agreement:
"Code" means the Internal Revenue Code of 1986, as amended, or to the extent applicable
the Internal Revenue Code of 1954, together with any other applicable provisions of any successor
federal income tax laws.
"Escrow Fund" means the fund created pursuant to Section 3.01 of this Agreement to be
administered by the Escrow Agent pursuant to the provisions of this Agreement.
"Escrowed Securities" means , subject to any restrictions set forth in any order, ordinance
or resolution of the Issuer authorizing the issuance of the Refunded Obligations, the obligations
permitted by Section 1207.062 of Chapter 1207 deposited into the Escrow Fund pursuant to
Article IV of this Agreement.
Section 1.02. Other Definitions. The terms "Agreement", "Issuer", "Escrow Agent",
"Refunded Obligations", "Refunding Bonds", "PA/R Certificate" and "Paying Agent", when they
are used in this Agreement, shall have the meanings assigned to them in the preamble to this
Agreement.
Section 1.03. Interpretations. The titles and headings of the articles and sections of this
Agreement have been inserted for convenience and reference only and are not to be considered a
part hereof and shall not in any way modify or restrict the terms hereof. This Agreement and all
of the terms and provisions hereof shall be liberally construed to effectuate the purposes set forth
herein and to achieve the intended purpose of providing for the refunding of the Refunded
Obligations in accordance with applicable law.
ARTICLE II
DEPOSIT OF FUNDS AND ESCROW SECURITIES
Section 2.01. Deposits in the Escrow Fund. Concurrently with the sale and delivery of
the Refunding Bonds the Issuer shall deposit, or cause to be deposited, with the Escrow Agent, for
deposit in the Escrow Fund, the sum of [$______________] to be applied to pay the principal of
and interest on the Refunded Obligations on their redemption date. Such amount shall be held
uninvested unless the Issuer otherwise directs pursuant to Section 4.02 hereof.
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The Escrow Agent shall, upon the receipt thereof, acknowledge such receipt to the Issuer in
writing.
ARTICLE III
CREATION AND OPERATION OF ESCROW FUND
Section 3.01. Escrow Fund. The Escrow Agent has created on its books a special trust
fund and irrevocable escrow to be known as the Trophy Club Municipal Utility District No. 1
Unlimited Tax Refunding Bonds, Series 2013 (the "Escrow Fund"). The Escrow Agent hereby
agrees that upon receipt thereof it will irrevocably deposit to the credit of the Escrow Fund the
funds described in Section 2.01 hereof. Such deposit, all proceeds therefrom, and all cash
balances from time to time on deposit therein (a) shall be the property of the Escrow Fund, (b) shall
be applied only in strict conformity with the terms and conditions of this Agreement, and (c) are
hereby irrevocably pledged to the payment of the principal of, redemption premium, if any, and
interest on the Refunded Obligations, which payment shall be made by timely transfers of such
amounts at such times as are provided for in Section 3.02 hereof. When the final transfers have
been made for the payment of such, of redemption premium, if any, and interest on the Refunded
Obligations, any balance then remaining in the Escrow Fund shall be transferred to the Issuer, and
the Escrow Agent shall thereupon be discharged from any further duties hereunder.
Section 3.02. Payment of Principal, Redemption Premium, if any, and Interest. The
Escrow Agent is hereby irrevocably instructed to transfer from the cash balances from time to time
on deposit in the Escrow Fund and make available to the Paying Agent for the Refunded
Obligations, the amounts required to pay the principal of and interest on the Refunded Obligations
at their redemption date and interest thereon to such redemption date.
Section 3.03. Sufficiency of Escrow Fund. The Issuer represents that the cash balance,
and Escrowed Securities, if any, on deposit from time to time in the Escrow Fund will be at all
times sufficient to provide moneys for transfer to the Paying Agent at the times and in the amounts
required to pay the interest on the Refunded Obligations as such interest comes due and the
principal of and the redemption premium, if any, on the Refunded Obligations as the Refunded
Obligations mature or are subject to redemption, all as more fully set forth in Exhibit E attached
hereto and made a part hereof. If, for any reason, at any time, the cash balances on deposit or
scheduled to be on deposit in the Escrow Fund shall be insufficient to transfer the amounts
required by each Paying Agent for the Refunded Obligations to make the payments set forth in
Section 3.02 hereof, the Issuer shall timely deposit in the Escrow Fund, from any funds that are
lawfully available therefor, additional funds in the amounts required to make such payments.
Notice of any such insufficiency shall be given as promptly as practicable as hereinafter provided,
but the Escrow Agent shall not in any manner be responsible for any insufficiency of funds in the
Escrow Fund or the Issuer's failure to make additional deposits thereto.
Section 3.04. Trust Fund. The Escrow Agent shall hold at all times the Escrow Fund,
any Escrowed Securities and all other assets of the Escrow Fund, wholly segregated from all other
funds and securities on deposit with the Escrow Agent; it shall never allow Escrowed Securities or
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any other assets of the Escrow Fund to be commingled with any other funds or securities of the
Escrow Agent; and it shall hold and dispose of the assets of the Escrow Fund only as set forth
herein. Uninvested cash, Escrowed Securities and other assets of the Escrow Fund shall always
be maintained by the Escrow Agent as trust funds for the benefit of the owners of the Refunded
Obligations; and a special account thereof shall at all times be maintained on the books of the
Escrow Agent. The owners of the Refunded Obligations shall be entitled to the same preferred
claim and first lien upon uninvested cash, Escrowed Securities, the proceeds thereof, and all other
assets of the Escrow Fund to which they are entitled as owners of the Refunded Obligations. The
amounts received by the Escrow Agent under this Agreement shall not be considered as a banking
deposit by the Issuer, and the Escrow Agent shall have no right to title with respect thereto except
as a constructive trustee and Escrow Agent under the terms of this Agreement. The amounts
received by the Escrow Agent under this Agreement shall not be subject to warrants, drafts or
checks drawn by the Issuer or, except to the extent expressly herein provided, by the Paying Agent.
Section 3.05. Security for Cash Balances. Cash balances from time to time on deposit
in the Escrow Fund shall, to the extent not insured by the Federal Deposit Insurance Corporation or
its successor, be continuously secured by a pledge of direct obligations of, or obligations
unconditionally guaranteed by, the United States of America, having a market value at least equal
to such cash balances.
ARTICLE IV
LIMITATION ON INVESTMENTS
Section 4.01. General Limitations. Except as provided in Sections 3.01, 3.02 and 4.02
hereof, the Escrow Agent shall not have any power or duty to invest or reinvest any money held
hereunder, or to make substitutions of Escrowed Securities, or to sell, transfer or otherwise dispose
of Escrowed Securities.
Section 4.02. Investments and Substitutions. At the discretion and upon the written
request of the Issuer, the Escrow Agent shall invest cash balances in the Escrow Fund, make
substitutions of Escrowed Securities or redeem Escrowed Securities and reinvest the proceeds
thereof or hold such proceeds as cash, together with other moneys or securities held in the Escrow
Fund provided that the Issuer delivers to the Escrow Agent the following:
(1) an opinion by an independent certified public accountant that after such
investment, substitution or reinvestment the principal amount of the securities in the
Escrow Fund (which shall be noncallable, not pre-payable obligations described in Section
1207.062 of Chapter 1207, subject to any restrictions set forth in any order, ordinance or
resolution of the Issuer authorizing the issuance of the Refunded Obligations), together
with the interest thereon and other available moneys in the Escrow Fund, will be sufficient
to pay, without further investment or reinvestment, as the same become due, the principal
of, interest on and premium, if any, on the Refunded Obligations which have not
previously been paid; and
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(2) an unqualified opinion of nationally recognized municipal bond counsel to
the effect that (a) such investment, substitution or reinvestment will not cause the
Refunded Obligations to be "arbitrage bonds" within the meaning of Section 103 of the
Code or the regulations thereunder in effect on the date of such substitution or
reinvestment, or otherwise make the interest on the Refunded Obligations or the Refunding
Bonds subject to federal income taxation, and (b) such investment, substitution or
reinvestment complies with the Constitution and laws of the State of Texas and with all
relevant documents relating to the issuance of the Refunded Obligations.
Any balance in the Escrow Fund set forth in the opinion of the independent certified public
account as not necessary to pay, without further investment or reinvestment, as the same become
due, the principal of, interest on and premium, if any, on the Refunded Obligations which have not
previously been paid shall be transferred to the Issuer. The Escrow Agent shall have no
responsibility or liability for loss or otherwise with respect to investments made at the direction of
the Issuer.
Section 4.03. Arbitrage. The Issuer hereby covenants and agrees that it shall never
request the Escrow Agent to exercise any power hereunder or permit any part of the money in the
Escrow Fund or proceeds from the sale of Escrowed Securities to be used directly or indirectly to
acquire any securities or obligations if the exercise of such power or the acquisition of such
securities or obligations would cause any Refunding Bonds or Refunded Obligations to be an
"arbitrage bond" within the meaning of the Code.
ARTICLE V
APPLICATION OF CASH BALANCES
Section 5.01. In General. Except as provided in Sections 3.02 and 4.02, no
withdrawals, transfers, investments or reinvestment shall be made of cash balances in the Escrow
Fund.
ARTICLE VI
RECORDS AND REPORTS
Section 6.01. Records. The Escrow Agent will keep books of record and account in
which complete and correct entries shall be made of all transactions relating to the receipts,
disbursements, allocations and application of the money and Escrowed Securities deposited to the
Escrow Fund and all proceeds thereof, and such books shall be available for inspection at
reasonable hours and under reasonable conditions by the Issuer and the owners of the Refunded
Obligations.
Section 6.02. Reports. While this Agreement remains in effect, the Escrow Agent
annually shall prepare and send to the Issuer a written report summarizing all transactions relating
to the Escrow Fund during the preceding year, including, without limitation, credits to the Escrow
Fund as a result of interest payments on or maturities of Escrowed Securities and transfers from the
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Escrow Fund for payments on the Refunded Obligations or otherwise, together with a detailed
statement of all Escrowed Securities and the cash balance on deposit in the Escrow Fund as of the
end of such period.
ARTICLE VII
CONCERNING THE PAYING AGENT AND ESCROW AGENT
Section 7.01. Representations. The Escrow Agent hereby represents that it has all
necessary power and authority to enter into this Agreement and undertake the obligations and
responsibilities imposed upon it herein, and that it will carry out all of its obligations hereunder.
Section 7.02. Limitation on Liability and Indemnification.
(a) The liability of the Escrow Agent to transfer funds for the payment of the principal
of, redemption premium, if any, and interest on the Refunded Obligations shall be limited to the
cash balances and proceeds of Escrowed Securities from time to time on deposit in the Escrow
Fund. Notwithstanding any provision contained herein to the contrary, neither the Escrow Agent
nor the Paying Agent shall have any liability whatsoever for the insufficiency of funds from time
to time in the Escrow Fund or any failure of the obligors of the Escrowed Securities to make timely
payment thereon, except for the obligation to notify the Issuer as promptly as practicable of any
such occurrence.
(b) The recitals herein and in the proceedings authorizing the Refunding Bonds shall
be taken as the statements of the Issuer and shall not be considered as made by, or imposing any
obligation or liability upon, the Escrow Agent. The Escrow Agent is not a party to the
proceedings authorizing the Refunding Bonds or the Refunded Obligations and is not responsible
for nor bound by any of the provisions thereof (except as a place of payment and paying agent
and/or a Paying Agent/Registrar therefor). In its capacity as Escrow Agent, it is agreed that the
Escrow Agent need look only to the terms and provisions of this Agreement.
(c) The Escrow Agent makes no representations as to the value, conditions or
sufficiency of the Escrow Fund, or any part thereof, or as to the title of the Issuer thereto, or as to
the security afforded thereby or hereby, and the Escrow Agent shall not incur any liability or
responsibility in respect to any of such matters.
(d) It is the intention of the parties hereto that the Escrow Agent shall never be required
to use or advance its own funds or otherwise incur personal financial liability in the performance of
any of its duties or the exercise of any of its rights and powers hereunder.
(e) The Escrow Agent shall not be liable for any action taken or neglected to be taken
by it in good faith in any exercise of reasonable care and believed by it to be within the discretion
or power conferred upon it by this Agreement, nor shall the Escrow Agent be responsible for the
consequences of any error of judgment; and the Escrow Agent shall not be answerable except for
its own action, neglect or default, nor for any loss unless the same shall have been through its
negligence or willful misconduct.
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(f) Unless it is specifically otherwise provided herein, the Escrow Agent has no duty to
determine or inquire into the happening or occurrence of any event or contingency or the
performance or failure of performance of the Issuer with respect to arrangements or contracts with
others, with the Escrow Agent's sole duty hereunder being to safeguard the Escrow Fund, to
dispose of and deliver the same in accordance with this Agreement. If, however, the Escrow
Agent is called upon by the terms of this Agreement to determine the occurrence of any event or
contingency, the Escrow Agent shall be obligated, in making such determination, only to exercise
reasonable care and diligence, and in event of error in making such determination the Escrow
Agent shall be liable only for its own willful misconduct or its negligence. In determining the
occurrence of any such event or contingency the Escrow Agent may request from the Issuer or any
other person such reasonable additional evidence as the Escrow Agent in its discretion may deem
necessary to determine any fact relating to the occurrence of such event or contingency, and in this
connection may make inquiries of, and consult with, among others, the Issuer at any time.
(g) To the extent permitted by law, the Issuer agrees to indemnify the Escrow Agent
for, and hold it harmless against, any loss, liability, or expense incurred without negligence or bad
faith on its part, arising out of or in connection with its acceptance or administration of its duties
hereunder, including the cost and expense against any claim or liability in connection with the
exercise or performance of any of its powers or duties under this Agreement.
Section 7.03. Compensation.
(a) Concurrently with the sale and delivery of the Refunding Bonds, the Issuer shall
pay to the Escrow Agent, as a fee for performing the services hereunder and for all expenses
incurred or to be incurred by the Escrow Agent in the administration of this Agreement, the
amount set forth in Exhibit F attached hereto and made a part hereof, the sufficiency of which is
hereby acknowledged by the Escrow Agent. In the event that the Escrow Agent is requested to
perform any extraordinary services hereunder, the Issuer hereby agrees to pay reasonable fees to
the Escrow Agent for such extraordinary services and to reimburse the Escrow Agent for all
expenses incurred by the Escrow Agent in performing such extraordinary services, and the Escrow
Agent hereby agrees to look only to the Issuer for the payment of such fees and reimbursement of
such expenses. The Escrow Agent hereby agrees that in no event shall it ever assert any claim or
lien against the Escrow Fund for any fees for its services, whether regular or extraordinary, as
Escrow Agent, or in any other capacity, or for reimbursement for any of its expenses.
(b) The Paying Agent is the place of payment (paying agent) for the Refunded
Obligations. The Issuer covenants to timely pay for all future paying agency services of the Paying
Agent for the Refunded Obligations in accordance with the paying agent fee schedule now in
effect through the final payment of the Refunded Obligations, the sufficiency of which is hereby
acknowledged by the Paying Agent. Additionally, the Paying Agent agrees to look only to the
Issuer for the payment of such fees and reimbursement of such expenses, and for the benefit of the
registered owners of the Refunded Obligations, to perform the services as Paying Agent without
regard to the future payment of such fees and expenses. The Paying Agent hereby agrees that in
no event shall it ever assert any claim or lien against the Escrow Fund for any fees for its services,
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whether regular or extraordinary, as Paying Agent, or in any other capacity, or for reimbursement
for any of its expenses.
(c) Upon receipt of the aforesaid specific sums stated in subsections (a) and (b) of this
Section 7.03 for Escrow Agent fees, expenses, and services, the Escrow Agent shall acknowledge
such receipt to the Issuer in writing.
Section 7.04. Successor Escrow Agents.
(a) If at any time the Escrow Agent or its legal successor or successors should become
unable, through operation or law or otherwise, to act as escrow agent hereunder, or if its property
and affairs shall be taken under the control of any state or federal court or administrative body
because of insolvency or bankruptcy or for any other reason, a vacancy shall forthwith exist in the
office of Escrow Agent hereunder. In such event the Issuer, by appropriate action, promptly shall
appoint an Escrow Agent to fill such vacancy. If no successor Escrow Agent shall have been
appointed by the Issuer within 60 days, a successor may be appointed by the owners of a majority
in principal amount of the Refunded Obligations then outstanding by an instrument or instruments
in writing filed with the Issuer, signed by such owners or by their duly authorized attorneys-in-fact.
If, in a proper case, no appointment of a successor Escrow Agent shall be made pursuant to the
foregoing provisions of this section within three months after a vacancy shall have occurred, the
owner of any Refunded Obligation may apply to any court of competent jurisdiction to appoint a
successor Escrow Agent. Such court may thereupon, after such notice, if any, as it may deem
proper, prescribe and appoint a successor Escrow Agent.
(b) Any successor Escrow Agent shall be: (i) a corporation, bank or banking
association organized and doing business under the laws of the United States or the State of Texas;
(ii) be authorized under such laws to exercise corporate trust powers; (iii) be authorized under
Texas law to act as an escrow agent; under Chapter 1207 (iv) have a combined capital and surplus
of at least $5,000,000; and (v) be subject to the supervision or examination by Federal or State
authority.
(c) Any successor Escrow Agent shall execute, acknowledge and deliver to the Issuer
and the Escrow Agent an instrument accepting such appointment hereunder, and the Escrow Agent
shall execute and deliver an instrument transferring to such successor Escrow Agent, subject to the
terms of this Agreement, all the rights, powers and trusts of the Escrow Agent hereunder. Upon
the request of any such successor Escrow Agent, the Issuer shall execute any and all instruments in
writing for more fully and certainly vesting in and confirming to such successor Escrow Agent all
such rights, powers and duties.
(d) The Escrow Agent at the time acting hereunder may at any time resign and be
discharged from the trust hereby created by giving not less than sixty (60) days' written notice to
the Issuer and publishing notice thereof, specifying the date when such resignation will take effect,
in a newspaper printed in the English language and with general circulation in New York, New
York, such publication to be made once at least three (3) weeks prior to the date when the
resignation is to take effect. No such resignation shall take effect unless a successor Escrow
Agent shall have been appointed by the owners of the Refunded Obligations or by the Issuer as
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herein provided and such successor Escrow Agent shall be a paying agent for the Refunded
Obligations or a trust company or commercial bank that does not act as a depository for the Issuer
and shall have accepted such appointment, in which event such resignation shall take effect
immediately upon the appointment and acceptance of a successor Escrow Agent.
(e) Under any circumstances, the Escrow Agent shall pay over to its successor Escrow
Agent proportional parts of the Escrow Agent's fee and, if applicable, its Paying Agent's fee
hereunder.
Section 7.05. Notice of Redemption of Refunded Obligations. The Escrow Agent, by
its execution hereof, as Paying Agent for the Refunded Obligations, hereby agrees to provide
notice of redemption of the Refunded Obligations as required under the terms of the order of the
Issuer authorizing the issuance of the respective Refunded Obligations, including notices required
to be delivered to each registered securities depository and to any national information service that
disseminates redemption notices.
Section 7.06. Acknowledgment of Notice of Redemption. The Escrow Agent, by its
execution hereof, as Paying Agent for the Refunded Obligations, acknowledges receipt of written
notice of the redemption of the Refunded Obligations, as required by the proceedings that
authorized the issuance of the Refunded Obligations, and agrees to provide or cause to be provided
notice of defeasance and redemption of such Refunded Obligations as required by the proceedings
that authorized the issuance of such Refunded Obligations.
ARTICLE VIII
MISCELLANEOUS
Section 8.01. Notice. Any notice, authorization, request, or demand required or
permitted to be given hereunder shall be in writing and shall be deemed to have been duly given
when mailed by registered or certified mail, postage prepaid addressed to the Issuer or the Escrow
Agent at the address shown on Exhibit A attached hereto. The United States Post Office
registered or certified mail receipt showing delivery of the aforesaid shall be conclusive evidence
of the date and fact of delivery. Any party hereto may change the address to which notices are to
be delivered by giving to the other parties not less than ten (10) days prior notice thereof. Prior
written notice of any amendment to this Agreement contemplated pursuant to Section 8.08 and
immediate written notice of any incidence of a severance pursuant to Section 8.04 shall be sent to
Moody's Investors Service, Attn: Public Finance Rating Desk/Refunded Bonds, 99 Church
Street, New York, New York 10007, and Standard & Poor's Corporation, Attn: Municipal Bond
Department, 25 Broadway, New York, New York 10004.
Section 8.02. Termination of Responsibilities. Upon the taking of all the actions as
described herein by the Escrow Agent, the Escrow Agent shall have no further obligations or
responsibilities hereunder to the Issuer, the owners of the Refunded Obligations or to any other
person or persons in connection with this Agreement.
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Section 8.03. Binding Agreement. This Agreement shall be binding upon the Issuer
and the Escrow Agent and their respective successors and legal representatives, and shall inure
solely to the benefit of the owners of the Refunded Obligations, the Issuer, the Escrow Agent and
their respective successors and legal representatives.
Section 8.04. Severability. In case any one or more of the provisions contained in this
Agreement shall for any reason be held to be invalid, illegal or unenforceable in any respect, such
invalidity, illegality or unenforceability shall not affect any other provisions of this Agreement, but
this Agreement shall be construed as if such invalid or illegal or unenforceable provision had never
been contained herein.
Section 8.05. Texas Law Governs. This Agreement shall be governed exclusively by
the provisions hereof and by the applicable laws of the State of Texas.
Section 8.06. Time of the Essence. Time shall be of the essence in the performance of
obligations from time to time imposed upon the Escrow Agent by this Agreement.
Section 8.07. Effective date of Agreement. This Agreement shall be effective upon
receipt by the Escrow Agent of the funds described in Section 2.01, together with the specific sums
stated in subsection (a) of Section 7.03 for Escrow Agent fees, expenses, and services.
Section 8.08. Amendments. This Agreement is made for the benefit of the Issuer, the
Escrow Agent and the holders or owners from time to time of the Refunded Obligations, and it
shall not be repealed, revoked, altered or amended without the written consent of all such holders
or owners and the written consent of the Escrow Agent and the Issuer; provided, however, that the
Issuer and the Escrow Agent may, without the consent of, or notice to, such holders or owners and
as shall not be inconsistent with the terms and provisions of this Agreement amend this Agreement
to cure any ambiguity or formal defect or omission in this Agreement; but provided further that no
amendment to or alteration of this Agreement shall conflict with the requirements for firm banking
and financial arrangements in accordance with Chapter 1207. No such amendment shall
adversely affect the rights of the holders of the Refunded Obligations. No amendment shall be
effective unless the same shall be in writing and signed by the parties thereto.
Section 8.09. Counterparts. This Agreement may be executed in one or more
counterparts, each and all of which shall be deemed an original for all purposes, and all
counterparts shall together constitute one and the same instrument.
(Execution Page Follows)
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EXECUTED as of the date first written above.
TROPHY CLUB MUNICIPAL UTILITY
DISTRICT NO. 1
By
President, Board of Directors
THE BANK OF NEW YORK MELLON TRUST
COMPANY, N.A.
By:
Name:
Title:
S-1
TCMUD#1 Page 91 of 294 Meeting Date: June 18, 2013
INDEX TO EXHIBITS
Exhibit A Addresses of the Issuer and the Escrow Agent
Exhibit B Schedule of Refunded Obligations
Exhibit C Schedule of Debt Service on Refunded Obligations
Exhibit D Sufficiency Certificate of Refunded Obligation Paying Agent
Exhibit E Escrow Fund Cash Flow
Exhibit F Escrow Agent Fees
TCMUD#1 Page 92 of 294 Meeting Date: June 18, 2013
EXHIBIT A
ADDRESSES OF THE ISSUER AND THE ESCROW AGENT
ISSUER
Trophy Club Municipal Utility District No. 1
100 Municipal Drive
Trophy Club, Texas 76262
Attn: General Manager
ESCROW AGENT
The Bank of New York Mellon Trust Company, N.A.
2001 Bryan Street, 11th Floor
Dallas, Texas 75201
Attn: Corporate Trust Services
TCMUD#1 Page 93 of 294 Meeting Date: June 18, 2013
EXHIBIT B
SCHEDULE OF REFUNDED OBLIGATIONS
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 2
UNLIMITED TAX BONDS, SERIES 2003
Maturity Date Interest
Rate (%)
Principal
Amount ($)
Principal Amount
to be Refunded* ($) Redemption Date CUSIP
*Redemption at the price of par plus accrued interest to the date of redemption.
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 2
UNLIMITED TAX BONDS, SERIES 2005
Maturity Date Interest
Rate (%)
Principal
Amount ($)
Principal Amount
to be Refunded* ($) Redemption Date CUSIP
*Redemption at the price of par plus accrued interest to the date of redemption.
TCMUD#1 Page 94 of 294 Meeting Date: June 18, 2013
EXHIBIT C
SCHEDULE OF DEBT SERVICE ON REFUNDED OBLIGATIONS
(See attached)
TCMUD#1 Page 95 of 294 Meeting Date: June 18, 2013
EXHIBIT D
SUFFICIENCY CERTIFICATE OF REFUNDED OBLIGATION
PAYING AGENT
(See attached)
TCMUD#1 Page 96 of 294 Meeting Date: June 18, 2013
EXHIBIT E
ESCROWED FUND CASH FLOW
(See attached)
TCMUD#1 Page 97 of 294 Meeting Date: June 18, 2013
EXHIBIT F
ESCROW AGENT FEES
(See attached)
TCMUD#1 Page 98 of 294 Meeting Date: June 18, 2013
EXHIBIT "C"
FORM OF NOTICE OF DEFEASANCE/REDEMPTION(1)
Trophy Club Municipal Utility District No. 1
Notice is hereby given that the following obligations of Trophy Club Municipal Utility District
No. 1 (the "District") have been defeased and called for redemption prior to their scheduled maturities, at
a price of par and accrued interest to the date of redemption, to-wit:
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 2 UNLIMITED TAX BONDS, SERIES
2003, all outstanding obligations maturing on ___________ in each the years _____ through ______,
inclusive, aggregating $_________ in principal amount.
Maturity Date Principal Amount Interest Rate Redemption Date CUSIP*
Due provision for the payment of the above-described obligations has been made with The Bank
of New York Mellon Trust Company, N.A., (the "Bank"), the paying agent for said obligations, and said
obligations shall be presented for payment either in person or by mail, at the following address:
First Class/
Registered/Certified Mail
By Overnight or Courier
In person
The Bank of New York Mellon
Trust Company, N.A.
Global Corporate Trust
P.O. Box 396
East Syracuse, New York 13057
The Bank of New York Mellon
Trust Company, N.A.
Global Corporate Trust
111 Sanders Creek Parkway
East Syracuse, New York 13057
The Bank of New York Mellon
Trust Company, N.A.
Global Corporate Trust
Corporate Trust Window
101 Barclay Street
1ST Floor East
New York, New York 10286
Interest on the redeemed obligations shall cease to accrue thereon after their redemption date.
In compliance with section 3406 of the Internal Revenue Code of 1986, as amended, payors
making certain payments due on debt securities may be obligated to deduct and withhold a portion of
such payment from the remittance to any payee who has failed to provide such payor with a valid
taxpayer identification number. To avoid the imposition of this withholding tax, such payees should
submit a certified taxpayer identification number when surrendering the Bonds for redemption.
Dated: ______________, 20__
* The CUSIP Numbers have been assigned to this issue by the CUSIP Service Bureau and are included solely for the convenience of the
owners of the Bonds. The District and Paying Agent shall not be responsible for the selection or the correctness of the CUSIP
numbers set forth herein or as printed on any Bond.
(1) To be modified, amended or revised as necessary in accordance with the terms of the Pricing Certificate for each Series.
C-1
TCMUD#1 Page 99 of 294 Meeting Date: June 18, 2013
FORM OF NOTICE OF DEFEASANCE/REDEMPTION(1)
Trophy Club Municipal Utility District No. 1
Notice is hereby given that the following obligations of Trophy Club Municipal Utility District
No. 1 (the "District") have been defeased and called for redemption prior to their scheduled maturities, at
a price of par and accrued interest to the date of redemption, to-wit:
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 2 UNLIMITED TAX BONDS, SERIES
2005, all outstanding obligations maturing on ___________ in each the years _____ through ______,
inclusive, aggregating $_________ in principal amount.
Maturity Date Principal Amount Interest Rate Redemption Date CUSIP*
Due provision for the payment of the above-described obligations has been made with The Bank
of New York Mellon Trust Company, N.A., (the "Bank"), the paying agent for said obligations, and said
obligations shall be presented for payment either in person or by mail, at the following address:
First Class/
Registered/Certified Mail
By Overnight or Courier
In person
The Bank of New York Mellon
Trust Company, N.A.
Global Corporate Trust
P.O. Box 396
East Syracuse, New York 13057
The Bank of New York Mellon
Trust Company, N.A.
Global Corporate Trust
111 Sanders Creek Parkway
East Syracuse, New York 13057
The Bank of New York Mellon
Trust Company, N.A.
Global Corporate Trust
Corporate Trust Window
101 Barclay Street
1ST Floor East
New York, New York 10286
Interest on the redeemed obligations shall cease to accrue thereon after their redemption date.
In compliance with section 3406 of the Internal Revenue Code of 1986, as amended, payors
making certain payments due on debt securities may be obligated to deduct and withhold a portion of
such payment from the remittance to any payee who has failed to provide such payor with a valid
taxpayer identification number. To avoid the imposition of this withholding tax, such payees should
submit a certified taxpayer identification number when surrendering the Bonds for redemption.
Dated: ______________, 20__
* The CUSIP Numbers have been assigned to this issue by the CUSIP Service Bureau and are included solely for the convenience of the
owners of the Bonds. The District and Paying Agent shall not be responsible for the selection or the correctness of the CUSIP
numbers set forth herein or as printed on any Bond.
(1) To be modified, amended or revised as necessary in accordance with the terms of the Pricing Certificate for each Series.
C-2
TCMUD#1 Page 100 of 294 Meeting Date: June 18, 2013
EXHIBIT "D"
WRITTEN PROCEDURES RELATING TO CONTINUING
COMPLIANCE WITH FEDERAL TAX COVENANTS
A. Arbitrage. With respect to the investment and expenditure of the proceeds of the Bonds
the District's Finance Manager (the "Responsible Person") will:
• monitor all amounts deposited into a sinking fund or funds, e.g., the Interest and Sinking
Fund, to assure that the maximum amount invested at a yield higher than the yield on the
Bonds does not exceed an amount equal to the debt service on the Bonds in the
succeeding 12 month period plus a carryover amount equal to one-twelfth of the principal
and interest payable on the Bonds for the immediately preceding 12-month period;
• monitor the actions of the escrow agent (to the extent an escrow is funded with proceeds)
to ensure compliance with the applicable provisions of the escrow agreement, including
with respect to reinvestment of cash balances;
• retain any official action of the District (such as a reimbursement resolution) stating its
intent to reimburse with the proceeds of the Bonds any amount expended prior to the
Issue Date for the acquisition, renovation or construction of the facilities;
• ensure that the applicable information return (e.g., IRS Form 8038-G, 8038-GC, or any
successor forms) is timely filed with the IRS; and
• assure that, unless excepted from rebate and yield restriction under section 148(f) of the
Code, excess investment earnings are computed and paid to the U.S. government at such
time and in such manner as directed by the IRS (i) at least every 5 years after the Issue
Date and (ii) within 30 days after the date the Bonds are retired.
B. Private Business Use. With respect to the use of the facilities financed or refinanced with
the proceeds of the Bonds the Responsible Person will:
• monitor the date on which the facilities are substantially complete and available to be
used for the purpose intended;
• monitor whether, at any time the Bonds are outstanding, any person, other than the
District, the employees of the District, the agents of the District or members of the
general public has any contractual right (such as a lease, purchase, management or other
service agreement) with respect to any portion of the facilities;
• monitor whether, at any time the Bonds are outstanding, any person, other than the
District, the employees of the District, the agents of the District or members of the
general public has a right to use the output of the facilities;
• determine whether, at any time the Bonds are outstanding, any person, other than the
District, has a naming right for the facilities or any other contractual right granting an
intangible benefit;
• determine whether, at any time the Bonds are outstanding, the facilities are sold or
otherwise disposed of; and
• take such action as is necessary to remediate any failure to maintain compliance with the
covenants contained in the Ordinance related to the public use of the facilities.
D-1
TCMUD#1 Page 101 of 294 Meeting Date: June 18, 2013
C. Record Retention. The Responsible Person will maintain or cause to be maintained all
records relating to the investment and expenditure of the proceeds of the Bonds and the use of
the facilities financed or refinanced thereby for a period ending three (3) years after the complete
extinguishment of the Bonds. If any portion of the Bonds is refunded with the proceeds of
another series of tax-exempt obligations, such records shall be maintained until the three (3)
years after the refunding obligations are completely extinguished. Such records can be
maintained in paper or electronic format.
D. Responsible Person. The Responsible Person shall receive appropriate training regarding
the District's accounting system, contract intake system, facilities management and other systems
necessary to track the investment and expenditure of the proceeds and the use of the facilities
financed with the proceeds of the Bonds. The foregoing notwithstanding, the Responsible
Person is authorized and instructed to retain such experienced advisors and agents as may be
necessary to carry out the purposes of these instructions.
D-2
TCMUD#1 Page 102 of 294 Meeting Date: June 18, 2013
100 Municipal Drive
Trophy Club, Texas 76262Trophy Club Entities
Legislation Details (With Text)
File #: Version:22013-106-M1 Name:
Status:Type:M1 Agenda Item Regular Session
File created:In control:6/12/2013 Trophy Club Municipal Utility District No. 1
On agenda:Final action:6/18/2013
Title:Consider and take appropriate action to approve Interlocal Agreement with Denton County for tax
collection. (Gonzales)
Attachments:DENTON CO ILA_2013 FINAL.pdf
Action ByDate Action ResultVer.
Title
Consider and take appropriate action to approve Interlocal Agreement with Denton County for tax collection. (Gonzales)
TCMUD#1 Page 103 of 294 Meeting Date: June 18, 2013
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100 Municipal Drive
Trophy Club, Texas 76262Trophy Club Entities
Legislation Details (With Text)
File #: Version:32013-107-M1 Name:
Status:Type:M1 Agenda Item Regular Session
File created:In control:5/18/2011 Trophy Club Municipal Utility District No. 1
On agenda:Final action:
Title:Consider and take appropriate action to approve the May 2013 Financials. (Gonzales)
Attachments:Combined May 2013 Financials.pdf
Fund Balances @ 05-31-13.pdf
May 2013 Check Register.pdf
May 2013 Variance report.pdf
Action ByDate Action ResultVer.
TCMUD#1 Page 118 of 294 Meeting Date: June 18, 2013
TROPHY CLUB MUD #1 - FIRE DEPARTMENT
BALANCE SHEET
MAY 31, 2013
ASSETS FIRE DEPT.
CASH ON HAND -
CASH IN BANK -
INVESTMENTS 811,359
PREPAID EXPENSES -
ADVALOREM PROPERTY TAXES RECEIVABLE 22,028
EMERGENCY SERVICES ASSESSMENTS RECEIVABLE 9,449
UTILITY AND OTHER ACCOUNTS RECEIVABLE 2,100
TOTAL ASSETS 844,936
LIABILITIES AND FUND BALANCE
LIABILITIES
DEFERRED REVENUE - PROPERTY TAXES/ASSESSMENTS 31,477
ACCOUNTS AND OTHER PAYABLES 2,421
TOTAL LIABILITIES 33,898
FUND BALANCE
DESIGNATED FOR FUTURE ASSET REPLACEMENT -
UNASSIGNED FUND BALANCE 350,496
RESERVE FOR ENCUMBRANCES -
NET REVENUES / EXPENDITURES 460,543
TOTAL FUND BALANCE 811,039
TOTAL LIABILITIES AND FUND BALANCE 844,936
TCMUD#1 Page 119 of 294 Meeting Date: June 18, 2013
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glbase_tbam rgonzale Trophy Club MUD #1 Page 1
20:09 06/12/13 Budget Summary with Amendment
Fund: 122 Trophy Club MUD Fire Dept. Department: Fire Revenues Program:
Period Ending: 5/2013
Account Description Adopted Amended Total Current YTD % of Remaining
Budget Budget Encumb. Month Total Budget Budget
122-40001-000-000 Assessment - Emerg Svcs 252,084.00- 252,084.00- 959.26- 254,078.19- 100.791 1,994.19
122-40003-000-000 Emer Svcs Assessmen/Delinquent 4,700.00- 700.00- 60.85- 66.21- 9.459 633.79-
122-40010-000-000 Property Taxes/MUD Fire 1,050,349.00- 1,050,349.00- 5,848.50- 1,050,167.25- 99.983 181.75-
122-40011-000-000 Property Taxes/Fire-Delinquent 5,800.00- 5,800.00- 71.66- 3,867.71 -66.685 9,667.71-
122-40015-000-000 Property Taxes/Assessments P&I 750.00- 750.00- 118.15- 631.36- 84.181 118.64-
122-40020-000-000 Property Taxes/Fire P&I 4,500.00- 4,500.00- 505.79- 3,636.56- 80.812 863.44-
Subtotal: 1,318,183.00- 1,314,183.00- 7,564.21- 1,304,711.86- 99.279 9,471.14-
122-42014-000-000 Fire Plan Review>6,000 sq ft 6,000.00- 6,000.00- 800.00- 4,400.00- 73.333 1,600.00-
Subtotal: 6,000.00- 6,000.00- 800.00- 4,400.00- 73.333 1,600.00-
122-43400-000-000 Fire Inspections 500.00- 675.00- 225.00- 900.00- 133.333 225.00
122-43415-000-000 Denton County Pledge-Fire 10,000.00- 10,000.00- 10,000.00- 100.000
Subtotal: 10,500.00- 10,675.00- 225.00- 10,900.00- 102.108 225.00
122-49035-000-000 Prior Year Reserves 5,413.00- 5,413.00-
122-49900-000-000 Miscellaneous Income 1,200.00- 5,200.00- 1,150.00- 6,389.26- 122.870 1,189.26
122-49903-000-000 Recovery of Prior Year Expense 4,340.96- 4,340.96- 4,340.96
Subtotal: 1,200.00- 10,613.00- 5,490.96- 10,730.22- 101.104 117.22
Program number: 1,335,883.00- 1,341,471.00- 14,080.17- 1,330,742.08- 99.200 10,728.92-
Department number: Fire Revenues 1,335,883.00- 1,341,471.00- 14,080.17- 1,330,742.08- 99.200 10,728.92-
Revenues Subtotal ----------- 1,335,883.00- 1,341,471.00- 14,080.17- 1,330,742.08- 99.200 10,728.92-
TCMUD#1 Page 120 of 294 Meeting Date: June 18, 2013
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glbase_tbam rgonzale Trophy Club MUD #1 Page 2
20:09 06/12/13 Budget Summary with Amendment
Fund: 122 Trophy Club MUD Fire Dept. Department: 45 Fire Program:
Period Ending: 5/2013
Account Description Adopted Amended Total Current YTD % of Remaining
Budget Budget Encumb. Month Total Budget Budget
122-50005-045-000 Salaries & Wages 444,717.00 444,717.00 33,477.30 276,846.76 62.252 167,870.24
122-50010-045-000 Overtime 31,375.00 37,076.00 4,404.37 27,046.54 72.949 10,029.46
122-50011-045-000 DPS Holiday Pay 13,083.00 12,083.00 12,080.51 99.979 2.49
122-50016-045-000 Longevity 4,266.00 4,266.00 4,266.11 100.003 .11-
122-50017-045-000 Certification 4,896.00 6,024.00 314.25 3,642.34 60.464 2,381.66
122-50020-045-000 Retirement 69,242.00 69,242.00 5,265.27 45,959.74 66.376 23,282.26
122-50026-045-000 Medical Insurance 48,327.00 48,327.00 3,504.08 27,671.09 57.258 20,655.91
122-50027-045-000 Dental Insurance 3,635.00 3,836.00 322.95 2,563.77 66.834 1,272.23
122-50028-045-000 Vision Insurance 824.00 824.00 66.68 528.24 64.107 295.76
122-50029-045-000 Life Insurance & Other 4,250.00 5,974.00 505.74 4,089.69 68.458 1,884.31
122-50030-045-000 Social Security Taxes 30,897.00 30,897.00 2,180.03 19,289.29 62.431 11,607.71
122-50035-045-000 Medicare Taxes 7,226.00 7,226.00 509.82 4,511.15 62.429 2,714.85
122-50040-045-000 Unemployment Taxes 1,481.00 1,980.00 1,847.11- 132.95 6.715 1,847.05
122-50045-045-000 Workman's Compensation 10,000.00 10,000.00 274.65 10,274.65 102.747 274.65-
122-50060-045-000 Pre-employment Physicals/Test 675.00 675.00 283.05 41.933 391.95
122-50075-045-000 Tuition Reimbursement 1,500.00 1,500.00 1,500.00
Subtotal: 676,394.00 684,647.00 48,978.03 439,185.88 64.148 245,461.12
122-55045-045-000 Legal 5,000.00 2,007.40 40.148 2,992.60
122-55080-045-000 Maintenance & Repairs 9,562.00 9,562.00 2,058.75 6,763.00 70.728 2,799.00
122-55090-045-000 Vehicle Maintenance 14,850.00 14,600.00 148.56 2,450.54 16.785 12,149.46
122-55095-045-000 Equipment Maintenance 9,808.00 9,808.00 6,518.15 66.457 3,289.85
122-55100-045-000 Building Maintenance 6,500.00 5,500.00 1,028.68 3,207.01 58.309 2,292.99
122-55110-045-000 Maintenance-Radios 1,103.00 1,103.00 45.80 451.30 40.916 651.70
122-55160-045-000 Professional Outside Services 2,500.00
Subtotal: 44,323.00 45,573.00 3,281.79 21,397.40 46.952 24,175.60
122-60005-045-000 Telephone 106.00 106.00 12.26 49.78 46.962 56.22
122-60010-045-000 Communications/Pagers/Mobiles 2,500.00 3,500.00 214.79 2,866.08 81.888 633.92
122-60020-045-000 Electricity/Gas 6,167.00 6,167.00 501.98 4,687.81 76.014 1,479.19
122-60025-045-000 Water 1,400.00 1,400.00 330.80 1,025.67 73.262 374.33
122-60030-045-000 Rent And/Or Usage 308,000.00 308,000.00 308,000.00 100.000
122-60035-045-000 Postage 100.00 100.00 41.20 41.200 58.80
122-60055-045-000 Insurance 10,000.00 10,000.00 10,000.00 100.000
122-60066-045-000 Publications/Books/Subscrips 410.00 410.00 410.00
122-60070-045-000 Dues & Memberships 7,500.00 8,000.00 7,955.91 99.449 44.09
122-60075-045-000 Meetings 75.00 75.00 75.00
122-60080-045-000 Schools & Training 5,000.00 5,000.00 391.50- 2,612.50 52.250 2,387.50
122-60096-045-000 Emergency Management 1,000.00 1,000.00 1,000.00 100.000
122-60100-045-000 Travel & per diem 4,800.00 4,800.00 974.24 2,789.19 58.108 2,010.81
122-60110-045-000 Physicals/Testing 2,000.00 2,000.00 2,000.00
122-60125-045-000 Advertising 150.00 150.00 122.35 81.567 27.65
TCMUD#1 Page 121 of 294 Meeting Date: June 18, 2013
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glbase_tbam rgonzale Trophy Club MUD #1 Page 3
20:09 06/12/13 Budget Summary with Amendment
Fund: 122 Trophy Club MUD Fire Dept. Department: 45 Fire Program:
Period Ending: 5/2013
Account Description Adopted Amended Total Current YTD % of Remaining
Budget Budget Encumb. Month Total Budget Budget
122-60160-045-000 Programs & Special Projects 4,200.00 4,200.00 27.76 2,415.66 57.516 1,784.34
122-60180-045-000 Fire Inspection/Enforcement 1,900.00 2,150.00 211.55 990.52 46.071 1,159.48
122-60195-045-000 Flags & Repair 2,543.00 2,293.00 422.50 1,082.25 47.198 1,210.75
122-60243-045-000 Prior Year Expense 2,088.00 2,088.44 100.021 .44-
122-60245-045-000 Miscellaneous Expense 1,237.00 1,237.00 24.88 584.51 47.252 652.49
Subtotal: 359,088.00 362,676.00 2,329.26 348,311.87 96.039 14,364.13
122-65005-045-000 Fuel & Lube 10,000.00 10,000.00 4,364.58 43.646 5,635.42
122-65010-045-000 Uniforms 4,357.00 3,357.00 824.00 1,739.32 51.812 1,617.68
122-65015-045-000 Protective Clothing 7,600.00 7,600.00 5,405.00 6,405.00 84.276 1,195.00
122-65030-045-000 Chemicals 1,000.00 1,000.00 402.00 40.200 598.00
122-65035-045-000 Small Tools 5,000.00 2,400.00 52.15 1,618.13 67.422 781.87
122-65085-045-000 Office Supplies 1,200.00 1,200.00 130.97 306.61 25.551 893.39
122-65095-045-000 Maintenance Supplies 2,785.00 1,988.00 91.97 1,259.35 63.348 728.65
122-65105-045-000 Printing 106.00
Subtotal: 32,048.00 27,545.00 6,504.09 16,094.99 58.432 11,450.01
122-69006-045-000 Grant Match 3,000.00
122-69008-045-000 Short Term Debt-Principal 72,932.00 72,932.00 2,966.05 4.067 69,965.95
122-69050-045-000 Radios 2,500.00 2,500.00 353.13 14.125 2,146.87
122-69195-045-000 GASB34/Reserve for Replacement 145,598.00 145,598.00 41,890.00 41,890.00 28.771 103,708.00
Subtotal: 224,030.00 221,030.00 41,890.00 45,209.18 20.454 175,820.82
Program number: 1,335,883.00 1,341,471.00 102,983.17 870,199.32 64.869 471,271.68
Department number: Fire 1,335,883.00 1,341,471.00 102,983.17 870,199.32 64.869 471,271.68
Expenditures Subtotal ----------- 1,335,883.00 1,341,471.00 102,983.17 870,199.32 64.869 471,271.68
Fund number: 122 Trophy Club MUD Fire Dept. 88,903.00 460,542.76- 460,542.76
TCMUD#1 Page 122 of 294 Meeting Date: June 18, 2013
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glpdatb2 rgonzale Trophy Club MUD #1 Page 1
20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 122 Trophy Club MUD Fire Dept. Department: Fire Revenues Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
Account: 122-40001-000-000 Assessment - Emerg Svcs
1592 05/06/2013 Property Taxes/Assessments (253,118.93) (165.47) (253,284.40) GL
1593 05/07/2013 Property Taxes/Assessments (174.83) (253,459.23) GL
1594 05/08/2013 Property Taxes/Assessments 44.08 (253,415.15) GL
1597 05/13/2013 Property Taxes/Assessments (19.39) (253,434.54) GL
1598 05/14/2013 Property Taxes/Assessments (25.85) (253,460.39) GL
1599 05/15/2013 Property Taxes/Assessments (201.11) (253,661.50) GL
1602 05/20/2013 Property Taxes/Assessments (35.01) (253,696.51) GL
1607 05/28/2013 Property Taxes/Assessments (381.67) (254,078.18) GL
1609 05/30/2013 Property Taxes/Assessments (.01) (254,078.19) GL
_______________
Account: 122-40001-000-000 Assessment - Emerg Svcs Totals: (959.26) (254,078.19) **
(252,084.00) Budgeted 1,994.19 Remaining 101 % Used
Account: 122-40003-000-000 Emer Svcs Assessmen/Delinquent
1597 05/13/2013 Property Taxes/Assessments (5.36) (60.85) (66.21) GL
_______________
Account: 122-40003-000-000 Emer Svcs Assessmen/Delinquent Totals: (60.85) (66.21) **
(700.00) Budgeted (633.79) Remaining 9 % Used
Account: 122-40010-000-000 Property Taxes/MUD Fire
1589 05/01/2013 Property Taxes/Assessments (1,044,318.75) (334.88) (1,044,653.63) GL
1590 05/02/2013 Property Taxes/Assessments (57.15) (1,044,710.78) GL
1591 05/03/2013 Property Taxes/Assessments (39.99) (1,044,750.77) GL
1592 05/06/2013 Property Taxes/Assessments (120.19) (1,044,870.96) GL
1593 05/07/2013 Property Taxes/Assessments (420.40) (1,045,291.36) GL
1594 05/08/2013 Property Taxes/Assessments (19.45) (1,045,310.81) GL
1595 05/09/2013 Property Taxes/Assessments (5.84) (1,045,316.65) GL
1596 05/10/2013 Property Taxes/Assessments (73.13) (1,045,389.78) GL
1446 05/13/2013 May A/P MUD 1 Tax shortage due to an o (1,675.66) (1,047,065.44) DENTON COUNTY TAX OFFICE 32531 AP
1599 05/15/2013 Property Taxes/Assessments (41.60) (1,047,107.04) GL
1600 05/16/2013 Property Taxes/Assessments (278.51) (1,047,385.55) GL
1601 05/17/2013 Property Taxes/Assessments (735.19) (1,048,120.74) GL
1602 05/20/2013 Property Taxes/Assessments (440.36) (1,048,561.10) GL
1603 05/21/2013 Property Taxes/Assessments (117.64) (1,048,678.74) GL
1604 05/22/2013 Property Taxes/Assessments (305.31) (1,048,984.05) GL
1605 05/23/2013 Property Taxes/Assessments (209.10) (1,049,193.15) GL
1606 05/24/2013 Property Taxes/Assessments (444.59) (1,049,637.74) GL
1607 05/28/2013 Property Taxes/Assessments (1,265.52) (1,050,903.26) GL
1608 05/29/2013 Property Taxes/Assessments (506.41) (1,051,409.67) GL
1609 05/30/2013 Property Taxes/Assessments (142.15) (1,051,551.82) GL
TCMUD#1 Page 123 of 294 Meeting Date: June 18, 2013
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glpdatb2 rgonzale Trophy Club MUD #1 Page 2
20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 122 Trophy Club MUD Fire Dept. Department: Fire Revenues Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
1610 05/31/2013 Property Taxes/Assessments (1,044,318.75) (317.09) (1,051,868.91) GL
1678 05/31/2013 Overpmt tax refund 1,675.66 (1,050,193.25) GL
1689 05/31/2013 Correct JE1360/April 2013 26.00 (1,050,167.25) GL
_______________
Account: 122-40010-000-000 Property Taxes/MUD Fire Totals: (5,848.50) (1,050,167.25) **
(1,050,349.00) Budgeted (181.75) Remaining 100 % Used
Account: 122-40011-000-000 Property Taxes/Fire-Delinquent
1590 05/02/2013 Property Taxes/Assessments 3,939.37 (42.59) 3,896.78 GL
1446 05/13/2013 May A/P MUD 1 Tax shortage due to an o 7,769.42 11,666.20 DENTON COUNTY TAX OFFICE 32531 AP
1604 05/22/2013 Property Taxes/Assessments (23.48) 11,642.72 GL
1609 05/30/2013 Property Taxes/Assessments (5.59) 11,637.13 GL
1678 05/31/2013 Overpmt tax refund (7,769.42) 3,867.71 GL
_______________
Account: 122-40011-000-000 Property Taxes/Fire-Delinquent Totals: (71.66) 3,867.71 **
(5,800.00) Budgeted (9,667.71) Remaining -67 % Used
Account: 122-40015-000-000 Property Taxes/Assessments P&I
1592 05/06/2013 Property Taxes/Assessments (513.21) (21.51) (534.72) GL
1597 05/13/2013 Property Taxes/Assessments (21.77) (556.49) GL
1598 05/14/2013 Property Taxes/Assessments (3.36) (559.85) GL
1599 05/15/2013 Property Taxes/Assessments (26.14) (585.99) GL
1602 05/20/2013 Property Taxes/Assessments (4.55) (590.54) GL
1607 05/28/2013 Property Taxes/Assessments (40.82) (631.36) GL
_______________
Account: 122-40015-000-000 Property Taxes/Assessments P&I Totals: (118.15) (631.36) **
(750.00) Budgeted (118.64) Remaining 84 % Used
Account: 122-40020-000-000 Property Taxes/Fire P&I
1589 05/01/2013 Property Taxes/Assessments (3,130.77) (36.85) (3,167.62) GL
1590 05/02/2013 Property Taxes/Assessments (25.61) (3,193.23) GL
1593 05/07/2013 Property Taxes/Assessments (26.77) (3,220.00) GL
1446 05/13/2013 May A/P MUD 1 Tax shortage due to an o (202.96) (3,422.96) DENTON COUNTY TAX OFFICE 32531 AP
1599 05/15/2013 Property Taxes/Assessments (5.41) (3,428.37) GL
1600 05/16/2013 Property Taxes/Assessments (13.00) (3,441.37) GL
1601 05/17/2013 Property Taxes/Assessments (76.49) (3,517.86) GL
1602 05/20/2013 Property Taxes/Assessments (44.96) (3,562.82) GL
1604 05/22/2013 Property Taxes/Assessments (33.41) (3,596.23) GL
1606 05/24/2013 Property Taxes/Assessments (43.95) (3,640.18) GL
1607 05/28/2013 Property Taxes/Assessments (153.26) (3,793.44) GL
TCMUD#1 Page 124 of 294 Meeting Date: June 18, 2013
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glpdatb2 rgonzale Trophy Club MUD #1 Page 3
20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 122 Trophy Club MUD Fire Dept. Department: Fire Revenues Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
1608 05/29/2013 Property Taxes/Assessments (3,130.77) (27.37) (3,820.81) GL
1609 05/30/2013 Property Taxes/Assessments (1.81) (3,822.62) GL
1610 05/31/2013 Property Taxes/Assessments (16.90) (3,839.52) GL
1678 05/31/2013 Overpmt tax refund 202.96 (3,636.56) GL
_______________
Account: 122-40020-000-000 Property Taxes/Fire P&I Totals: (505.79) (3,636.56) **
(4,500.00) Budgeted (863.44) Remaining 81 % Used
Account: 122-42014-000-000 Fire Plan Review>6,000 sq ft
1656 05/31/2013 Town Invoice 1036-38 AR 20130531-20130531 User: (3,600.00) (800.00) (4,400.00) AR
_______________
Account: 122-42014-000-000 Fire Plan Review>6,000 sq ft Totals: (800.00) (4,400.00) **
(6,000.00) Budgeted (1,600.00) Remaining 73 % Used
Account: 122-43400-000-000 Fire Inspections
1475 05/15/2013 Town Billing Inv 1021-1029 AR 20130501-20130515 User: (675.00) (75.00) (750.00) AR
1656 05/31/2013 Town Invoice 1036-38 AR 20130531-20130531 User: (150.00) (900.00) AR
_______________
Account: 122-43400-000-000 Fire Inspections Totals: (225.00) (900.00) **
(675.00) Budgeted 225.00 Remaining 133 % Used
Account: 122-43415-000-000 Denton County Pledge-Fire
(10,000.00) .00 (10,000.00)
_______________
Account: 122-43415-000-000 Denton County Pledge-Fire Totals: .00 (10,000.00) **
(10,000.00) Budgeted .00 Remaining 100 % Used
Account: 122-49035-000-000 Prior Year Reserves
.00 .00
_______________
Account: 122-49035-000-000 Prior Year Reserves Totals: .00 .00 **
(5,413.00) Budgeted (5,413.00) Remaining 0 % Used
Account: 122-49900-000-000 Miscellaneous Income
1656 05/31/2013 Town Invoice 1036-38 AR 20130531-20130531 User: (5,239.26) (1,150.00) (6,389.26) AR
_______________
Account: 122-49900-000-000 Miscellaneous Income Totals: (1,150.00) (6,389.26) **
(5,200.00) Budgeted 1,189.26 Remaining 123 % Used
TCMUD#1 Page 125 of 294 Meeting Date: June 18, 2013
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glpdatb2 rgonzale Trophy Club MUD #1 Page 4
20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 122 Trophy Club MUD Fire Dept. Department: Fire Revenues Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
Account: 122-49903-000-000 Recovery of Prior Year Expense
1451 05/01/2013 Correct P/Y Due to Town/Medica True up 9/30/10 PPD Insurance (4,340.96) (4,340.96) GL
_______________
Account: 122-49903-000-000 Recovery of Prior Year Expense Totals: (4,340.96) (4,340.96) **
.00 Budgeted 4,340.96 Remaining 0 % Used
Department Totals: ------------------------------------------------------------------------------------------------ (1,330,742.08) **
(1,341,471.00) Budgeted (10,728.92) Remaining 99 % Used
TCMUD#1 Page 126 of 294 Meeting Date: June 18, 2013
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glpdatb2 rgonzale Trophy Club MUD #1 Page 5
20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 122 Trophy Club MUD Fire Dept. Department: 45 Fire Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
Account: 122-50005-045-000 Salaries & Wages
1428 05/10/2013 FD Payroll 5/10/13 243,369.46 16,801.91 260,171.37 GL
1532 05/24/2013 FD Payroll 5/24/13 16,675.39 276,846.76 GL
_______________
Account: 122-50005-045-000 Salaries & Wages Totals: 33,477.30 276,846.76 **
444,717.00 Budgeted 167,870.24 Remaining 62 % Used
Account: 122-50010-045-000 Overtime
1428 05/10/2013 FD Payroll 5/10/13 22,642.17 4,404.37 27,046.54 GL
_______________
Account: 122-50010-045-000 Overtime Totals: 4,404.37 27,046.54 **
37,076.00 Budgeted 10,029.46 Remaining 73 % Used
Account: 122-50011-045-000 DPS Holiday Pay
12,080.51 .00 12,080.51
_______________
Account: 122-50011-045-000 DPS Holiday Pay Totals: .00 12,080.51 **
12,083.00 Budgeted 2.49 Remaining 100 % Used
Account: 122-50016-045-000 Longevity
4,266.11 .00 4,266.11
_______________
Account: 122-50016-045-000 Longevity Totals: .00 4,266.11 **
4,266.00 Budgeted (.11) Remaining 100 % Used
Account: 122-50017-045-000 Certification
1428 05/10/2013 FD Payroll 5/10/13 3,328.09 314.25 3,642.34 GL
_______________
Account: 122-50017-045-000 Certification Totals: 314.25 3,642.34 **
6,024.00 Budgeted 2,381.66 Remaining 60 % Used
Account: 122-50020-045-000 Retirement
1428 05/10/2013 FD Payroll 5/10/13 40,694.47 2,986.92 43,681.39 GL
1532 05/24/2013 FD Payroll 5/24/13 2,278.35 45,959.74 GL
_______________
Account: 122-50020-045-000 Retirement Totals: 5,265.27 45,959.74 **
69,242.00 Budgeted 23,282.26 Remaining 66 % Used
TCMUD#1 Page 127 of 294 Meeting Date: June 18, 2013
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glpdatb2 rgonzale Trophy Club MUD #1 Page 6
20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 122 Trophy Club MUD Fire Dept. Department: 45 Fire Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
Account: 122-50026-045-000 Medical Insurance
1428 05/10/2013 FD Payroll 5/10/13 24,167.01 1,752.02 25,919.03 GL
1532 05/24/2013 FD Payroll 5/24/13 1,752.06 27,671.09 GL
_______________
Account: 122-50026-045-000 Medical Insurance Totals: 3,504.08 27,671.09 **
48,327.00 Budgeted 20,655.91 Remaining 57 % Used
Account: 122-50027-045-000 Dental Insurance
1428 05/10/2013 FD Payroll 5/10/13 2,240.82 161.47 2,402.29 GL
1532 05/24/2013 FD Payroll 5/24/13 161.48 2,563.77 GL
_______________
Account: 122-50027-045-000 Dental Insurance Totals: 322.95 2,563.77 **
3,836.00 Budgeted 1,272.23 Remaining 67 % Used
Account: 122-50028-045-000 Vision Insurance
1428 05/10/2013 FD Payroll 5/10/13 461.56 33.36 494.92 GL
1532 05/24/2013 FD Payroll 5/24/13 33.32 528.24 GL
_______________
Account: 122-50028-045-000 Vision Insurance Totals: 66.68 528.24 **
824.00 Budgeted 295.76 Remaining 64 % Used
Account: 122-50029-045-000 Life Insurance & Other
1428 05/10/2013 FD Payroll 5/10/13 3,583.95 298.64 3,882.59 GL
1532 05/24/2013 FD Payroll 5/24/13 207.10 4,089.69 GL
_______________
Account: 122-50029-045-000 Life Insurance & Other Totals: 505.74 4,089.69 **
5,974.00 Budgeted 1,884.31 Remaining 68 % Used
Account: 122-50030-045-000 Social Security Taxes
1428 05/10/2013 FD Payroll 5/10/13 17,109.26 1,240.21 18,349.47 GL
1532 05/24/2013 FD Payroll 5/24/13 939.82 19,289.29 GL
_______________
Account: 122-50030-045-000 Social Security Taxes Totals: 2,180.03 19,289.29 **
30,897.00 Budgeted 11,607.71 Remaining 62 % Used
Account: 122-50035-045-000 Medicare Taxes
1428 05/10/2013 FD Payroll 5/10/13 4,001.33 290.03 4,291.36 GL
1532 05/24/2013 FD Payroll 5/24/13 219.79 4,511.15 GL
TCMUD#1 Page 128 of 294 Meeting Date: June 18, 2013
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glpdatb2 rgonzale Trophy Club MUD #1 Page 7
20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 122 Trophy Club MUD Fire Dept. Department: 45 Fire Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
_______________
Account: 122-50035-045-000 Medicare Taxes Totals: 509.82 4,511.15 **
7,226.00 Budgeted 2,714.85 Remaining 62 % Used
Account: 122-50040-045-000 Unemployment Taxes
1428 05/10/2013 FD Payroll 5/10/13 1,980.06 .28 1,980.34 GL
1485 05/17/2013 1st Qtr Town TWC Correction (1,847.86) 132.48 GL
1532 05/24/2013 FD Payroll 5/24/13 .47 132.95 GL
_______________
Account: 122-50040-045-000 Unemployment Taxes Totals: (1,847.11) 132.95 **
1,980.00 Budgeted 1,847.05 Remaining 7 % Used
Account: 122-50045-045-000 Workman's Compensation
1495 05/14/2013 Town Bill-W/C Audit Refnd 2012 10,000.00 274.65 10,274.65 GL
_______________
Account: 122-50045-045-000 Workman's Compensation Totals: 274.65 10,274.65 **
10,000.00 Budgeted (274.65) Remaining 103 % Used
Account: 122-50060-045-000 Pre-employment Physicals/Test
283.05 .00 283.05
_______________
Account: 122-50060-045-000 Pre-employment Physicals/Test Totals: .00 283.05 **
675.00 Budgeted 391.95 Remaining 42 % Used
Account: 122-50075-045-000 Tuition Reimbursement
.00 .00
_______________
Account: 122-50075-045-000 Tuition Reimbursement Totals: .00 .00 **
1,500.00 Budgeted 1,500.00 Remaining 0 % Used
Account: 122-55045-045-000 Legal
2,007.40 .00 2,007.40
_______________
Account: 122-55045-045-000 Legal Totals: .00 2,007.40 **
5,000.00 Budgeted 2,992.60 Remaining 40 % Used
Account: 122-55080-045-000 Maintenance & Repairs
TCMUD#1 Page 129 of 294 Meeting Date: June 18, 2013
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glpdatb2 rgonzale Trophy Club MUD #1 Page 8
20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 122 Trophy Club MUD Fire Dept. Department: 45 Fire Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
1447 05/13/2013 May A/P annaul hose testing 4,704.25 1,163.75 5,868.00 WATERWAY NORTH TEXAS INC 32574 AP
1525 05/22/2013 May A/P Holmatro base system-Preventat 895.00 6,763.00 METRO FIRE APPARATUS 32607 AP
_______________
Account: 122-55080-045-000 Maintenance & Repairs Totals: 2,058.75 6,763.00 **
9,562.00 Budgeted 2,799.00 Remaining 71 % Used
Account: 122-55090-045-000 Vehicle Maintenance
1447 05/13/2013 May A/P vehicle maint 2,301.98 34.32 2,336.30 SIDDONS-MARTIN EMERGENCY GROUP 32559 AP
1644 05/26/2013 4/27-5/26 PCards INLAND TRUCK PARTS #22 79.07 2,415.37 INLAND TRUCK PARTS #22 PC
1644 05/26/2013 4/27-5/26 PCards AUTOZONE #4206 20.67 2,436.04 AUTOZONE #4206 PC
1644 05/26/2013 4/27-5/26 PCards KWIK KAR OF ROANOKE 14.50 2,450.54 KWIK KAR OF ROANOKE PC
_______________
Account: 122-55090-045-000 Vehicle Maintenance Totals: 148.56 2,450.54 **
14,600.00 Budgeted 12,149.46 Remaining 17 % Used
Account: 122-55095-045-000 Equipment Maintenance
6,518.15 .00 6,518.15
_______________
Account: 122-55095-045-000 Equipment Maintenance Totals: .00 6,518.15 **
9,808.00 Budgeted 3,289.85 Remaining 66 % Used
Account: 122-55100-045-000 Building Maintenance
1496 05/09/2013 Firefighter's May Cable 2,178.33 (120.00) 2,058.33 GL
1447 05/13/2013 May A/P rug service 24.51 2,082.84 G & K SERVICES 32536 AP
1447 05/13/2013 May A/P rug service 24.51 2,107.35 G & K SERVICES 32536 AP
1475 05/15/2013 Town Billing Inv 1021-1029 AR 20130501-20130515 User: (24.51) 2,082.84 AR
1525 05/22/2013 May A/P Quarterly pest control 140.00 2,222.84 GANN'S PEST CONTROL 32601 AP
1525 05/22/2013 May A/P Rug Services 24.51 2,247.35 G & K SERVICES 32600 AP
1525 05/22/2013 May A/P Rug Services 24.51 2,271.86 G & K SERVICES 32600 AP
1553 05/24/2013 Bill Town Inv 1032-1035 AR 20130524-20130524 User: (24.51) 2,247.35 AR
1644 05/26/2013 4/27-5/26 PCards ATT*BILL PAYMENT 133.68 2,381.03 ATT*BILL PAYMENT PC
1644 05/26/2013 4/27-5/26 PCards ATT*BILL PAYMENT 157.83 2,538.86 ATT*BILL PAYMENT PC
1644 05/26/2013 4/27-5/26 PCards SPLIT - 12255100045 (17.38%) 10.97 2,549.83 THE HOME DEPOT 6581 PC
1644 05/26/2013 4/27-5/26 PCards NOR*NORTHERN TOOL 277.18 2,827.01 NOR*NORTHERN TOOL PC
1577 05/31/2013 May A/P Alarm System Repair and Progra 380.00 3,207.01 DSS FIRE INC 32627 AP
_______________
Account: 122-55100-045-000 Building Maintenance Totals: 1,028.68 3,207.01 **
5,500.00 Budgeted 2,292.99 Remaining 58 % Used
Account: 122-55110-045-000 Maintenance-Radios
TCMUD#1 Page 130 of 294 Meeting Date: June 18, 2013
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glpdatb2 rgonzale Trophy Club MUD #1 Page 9
20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 122 Trophy Club MUD Fire Dept. Department: 45 Fire Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
1644 05/26/2013 4/27-5/26 PCards JOHN DEERE LANDSCAPES1 405.50 45.80 451.30 JOHN DEERE LANDSCAPES1 PC
_______________
Account: 122-55110-045-000 Maintenance-Radios Totals: 45.80 451.30 **
1,103.00 Budgeted 651.70 Remaining 41 % Used
Account: 122-60005-045-000 Telephone
1447 05/13/2013 May A/P april pcard reimbursement-mike 37.52 7.77 45.29 TOWN OF TROPHY CLUB 32569 AP
1673 05/31/2013 May A/P IT May PCards 4.49 49.78 TROPHY CLUB MUD (WATER BILLS) 32687 AP
_______________
Account: 122-60005-045-000 Telephone Totals: 12.26 49.78 **
106.00 Budgeted 56.22 Remaining 47 % Used
Account: 122-60010-045-000 Communications/Pagers/Mobiles
1428 05/10/2013 FD Payroll 5/10/13 2,651.29 75.42 2,726.71 GL
1525 05/22/2013 May A/P Verizon Inv#9703714888 139.37 2,866.08 TOWN OF TROPHY CLUB 32615 AP
_______________
Account: 122-60010-045-000 Communications/Pagers/Mobiles Totals: 214.79 2,866.08 **
3,500.00 Budgeted 633.92 Remaining 82 % Used
Account: 122-60020-045-000 Electricity/Gas
1525 05/22/2013 May A/P Electricity 4/15-5/14 4,185.83 914.63 5,100.46 HUDSON ENERGY SERVICES, LLC 32602 AP
1528 05/22/2013 May A/P Gas Fire Station 4/12-5/13 89.31 5,189.77 ATMOS ENERGY 32593 AP
1553 05/24/2013 Bill Town Inv 1032-1035 AR 20130524-20130524 User: (501.96) 4,687.81 AR
_______________
Account: 122-60020-045-000 Electricity/Gas Totals: 501.98 4,687.81 **
6,167.00 Budgeted 1,479.19 Remaining 76 % Used
Account: 122-60025-045-000 Water
1447 05/13/2013 May A/P april water 694.87 201.63 896.50 TROPHY CLUB MUD (WATER BILLS) 32571 AP
1475 05/15/2013 Town Billing Inv 1021-1029 AR 20130501-20130515 User: (100.81) 795.69 AR
1679 05/31/2013 May A/P May water bills 162.12 957.81 TROPHY CLUB MUD (WATER BILLS) 32687 AP
1679 05/31/2013 May A/P May water bills 67.86 1,025.67 TROPHY CLUB MUD (WATER BILLS) 32687 AP
_______________
Account: 122-60025-045-000 Water Totals: 330.80 1,025.67 **
1,400.00 Budgeted 374.33 Remaining 73 % Used
Account: 122-60030-045-000 Rent And/Or Usage
308,000.00 .00 308,000.00
TCMUD#1 Page 131 of 294 Meeting Date: June 18, 2013
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glpdatb2 rgonzale Trophy Club MUD #1 Page 10
20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 122 Trophy Club MUD Fire Dept. Department: 45 Fire Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
_______________
Account: 122-60030-045-000 Rent And/Or Usage Totals: .00 308,000.00 **
308,000.00 Budgeted .00 Remaining 100 % Used
Account: 122-60035-045-000 Postage
41.20 .00 41.20
_______________
Account: 122-60035-045-000 Postage Totals: .00 41.20 **
100.00 Budgeted 58.80 Remaining 41 % Used
Account: 122-60055-045-000 Insurance
10,000.00 .00 10,000.00
_______________
Account: 122-60055-045-000 Insurance Totals: .00 10,000.00 **
10,000.00 Budgeted .00 Remaining 100 % Used
Account: 122-60066-045-000 Publications/Books/Subscrips
.00 .00
_______________
Account: 122-60066-045-000 Publications/Books/Subscrips Totals: .00 .00 **
410.00 Budgeted 410.00 Remaining 0 % Used
Account: 122-60070-045-000 Dues & Memberships
7,955.91 .00 7,955.91
_______________
Account: 122-60070-045-000 Dues & Memberships Totals: .00 7,955.91 **
8,000.00 Budgeted 44.09 Remaining 99 % Used
Account: 122-60075-045-000 Meetings
.00 .00
_______________
Account: 122-60075-045-000 Meetings Totals: .00 .00 **
75.00 Budgeted 75.00 Remaining 0 % Used
Account: 122-60080-045-000 Schools & Training
1475 05/15/2013 Town Billing Inv 1021-1029 AR 20130501-20130515 User: 3,004.00 (680.00) 2,324.00 AR
1644 05/26/2013 4/27-5/26 PCards CLASSEN BUCK-SEMINARS 38.50 2,362.50 CLASSEN BUCK-SEMINARS PC
TCMUD#1 Page 132 of 294 Meeting Date: June 18, 2013
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glpdatb2 rgonzale Trophy Club MUD #1 Page 11
20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 122 Trophy Club MUD Fire Dept. Department: 45 Fire Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
1574 05/30/2013 May A/P training-S. Garrett 3,004.00 250.00 2,612.50 TARRANT COUNTY COLLEGE 32633 AP
_______________
Account: 122-60080-045-000 Schools & Training Totals: (391.50) 2,612.50 **
5,000.00 Budgeted 2,387.50 Remaining 52 % Used
Account: 122-60096-045-000 Emergency Management
1,000.00 .00 1,000.00
_______________
Account: 122-60096-045-000 Emergency Management Totals: .00 1,000.00 **
1,000.00 Budgeted .00 Remaining 100 % Used
Account: 122-60100-045-000 Travel & per diem
1644 05/26/2013 4/27-5/26 PCards CROWNE PLAZA HOTELS 1,814.95 865.80 2,680.75 CROWNE PLAZA HOTELS PC
1644 05/26/2013 4/27-5/26 PCards CROWNE PLAZA HOTELS 12.04 2,692.79 CROWNE PLAZA HOTELS PC
1644 05/26/2013 4/27-5/26 PCards WEBER GRILL RESTAURANT 24.62 2,717.41 WEBER GRILL RESTAURANT PC
1644 05/26/2013 4/27-5/26 PCards CROWNE PLAZA HOTELS 12.33 2,729.74 CROWNE PLAZA HOTELS PC
1644 05/26/2013 4/27-5/26 PCards WOLFGANG PUCK 20268314 14.16 2,743.90 WOLFGANG PUCK 20268314 PC
1644 05/26/2013 4/27-5/26 PCards DICKS LAST RESORT 19.45 2,763.35 DICKS LAST RESORT PC
1644 05/26/2013 4/27-5/26 PCards CROWNE PLAZA HOTELS 11.04 2,774.39 CROWNE PLAZA HOTELS PC
1644 05/26/2013 4/27-5/26 PCards CLADDAGH IRISH PUB 1 14.80 2,789.19 CLADDAGH IRISH PUB 1 PC
_______________
Account: 122-60100-045-000 Travel & per diem Totals: 974.24 2,789.19 **
4,800.00 Budgeted 2,010.81 Remaining 58 % Used
Account: 122-60110-045-000 Physicals/Testing
.00 .00
_______________
Account: 122-60110-045-000 Physicals/Testing Totals: .00 .00 **
2,000.00 Budgeted 2,000.00 Remaining 0 % Used
Account: 122-60125-045-000 Advertising
122.35 .00 122.35
_______________
Account: 122-60125-045-000 Advertising Totals: .00 122.35 **
150.00 Budgeted 27.65 Remaining 82 % Used
Account: 122-60160-045-000 Programs & Special Projects
1644 05/26/2013 4/27-5/26 PCards WAL-MART #5247 2,387.90 27.76 2,415.66 WAL-MART #5247 PC
TCMUD#1 Page 133 of 294 Meeting Date: June 18, 2013
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glpdatb2 rgonzale Trophy Club MUD #1 Page 12
20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 122 Trophy Club MUD Fire Dept. Department: 45 Fire Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
_______________
Account: 122-60160-045-000 Programs & Special Projects Totals: 27.76 2,415.66 **
4,200.00 Budgeted 1,784.34 Remaining 58 % Used
Account: 122-60180-045-000 Fire Inspection/Enforcement
1644 05/26/2013 4/27-5/26 PCards TEXAS OURDOORS 778.97 211.55 990.52 TEXAS OURDOORS PC
_______________
Account: 122-60180-045-000 Fire Inspection/Enforcement Totals: 211.55 990.52 **
2,150.00 Budgeted 1,159.48 Remaining 46 % Used
Account: 122-60195-045-000 Flags & Repair
1447 05/13/2013 May A/P Symonds invoice #6318 659.75 422.50 1,082.25 TOWN OF TROPHY CLUB 32569 AP
_______________
Account: 122-60195-045-000 Flags & Repair Totals: 422.50 1,082.25 **
2,293.00 Budgeted 1,210.75 Remaining 47 % Used
Account: 122-60243-045-000 Prior Year Expense
2,088.44 .00 2,088.44
_______________
Account: 122-60243-045-000 Prior Year Expense Totals: .00 2,088.44 **
2,088.00 Budgeted (.44) Remaining 100 % Used
Account: 122-60245-045-000 Miscellaneous Expense
1644 05/26/2013 4/27-5/26 PCards WAL-MART #5247 559.63 24.88 584.51 WAL-MART #5247 PC
_______________
Account: 122-60245-045-000 Miscellaneous Expense Totals: 24.88 584.51 **
1,237.00 Budgeted 652.49 Remaining 47 % Used
Account: 122-65005-045-000 Fuel & Lube
4,364.58 .00 4,364.58
_______________
Account: 122-65005-045-000 Fuel & Lube Totals: .00 4,364.58 **
10,000.00 Budgeted 5,635.42 Remaining 44 % Used
Account: 122-65010-045-000 Uniforms
1525 05/22/2013 May A/P Uniform-T shirts 915.32 824.00 1,739.32 ALL STAR SCREEN PRINTING & TEE 32592 AP
TCMUD#1 Page 134 of 294 Meeting Date: June 18, 2013
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20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 122 Trophy Club MUD Fire Dept. Department: 45 Fire Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
_______________
Account: 122-65010-045-000 Uniforms Totals: 824.00 1,739.32 **
3,357.00 Budgeted 1,617.68 Remaining 52 % Used
Account: 122-65015-045-000 Protective Clothing
1447 05/13/2013 May A/P bunker gear 1,000.00 5,405.00 6,405.00 CASCO INDUSTRIES INC 32523 AP
_______________
Account: 122-65015-045-000 Protective Clothing Totals: 5,405.00 6,405.00 **
7,600.00 Budgeted 1,195.00 Remaining 84 % Used
Account: 122-65030-045-000 Chemicals
402.00 .00 402.00
_______________
Account: 122-65030-045-000 Chemicals Totals: .00 402.00 **
1,000.00 Budgeted 598.00 Remaining 40 % Used
Account: 122-65035-045-000 Small Tools
1644 05/26/2013 4/27-5/26 PCards SPLIT - 12265035045 (82.62%) 1,565.98 52.15 1,618.13 THE HOME DEPOT 6581 PC
_______________
Account: 122-65035-045-000 Small Tools Totals: 52.15 1,618.13 **
2,400.00 Budgeted 781.87 Remaining 67 % Used
Account: 122-65085-045-000 Office Supplies
1525 05/22/2013 May A/P Paper 175.64 36.12 211.76 OFFICE DEPOT, INC 32609 AP
1528 05/22/2013 May A/P Office and maintenance supplie 48.67 260.43 OFFICE DEPOT, INC 32609 AP
1644 05/26/2013 4/27-5/26 PCards AMAZON.COM 25.28 285.71 AMAZON.COM PC
1577 05/31/2013 May A/P Office supplies 20.90 306.61 OFFICE DEPOT, INC 32630 AP
_______________
Account: 122-65085-045-000 Office Supplies Totals: 130.97 306.61 **
1,200.00 Budgeted 893.39 Remaining 26 % Used
Account: 122-65095-045-000 Maintenance Supplies
1644 05/26/2013 4/27-5/26 PCards SPLIT -12265095045 (35.34%) 1,167.38 91.97 1,259.35 SAMSCLUB #4795 PC
_______________
Account: 122-65095-045-000 Maintenance Supplies Totals: 91.97 1,259.35 **
1,988.00 Budgeted 728.65 Remaining 63 % Used
Account: 122-69008-045-000 Short Term Debt-Principal
TCMUD#1 Page 135 of 294 Meeting Date: June 18, 2013
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20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 122 Trophy Club MUD Fire Dept. Department: 45 Fire Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
2,966.05 .00 2,966.05
_______________
Account: 122-69008-045-000 Short Term Debt-Principal Totals: .00 2,966.05 **
72,932.00 Budgeted 69,965.95 Remaining 4 % Used
Account: 122-69050-045-000 Radios
353.13 .00 353.13
_______________
Account: 122-69050-045-000 Radios Totals: .00 353.13 **
2,500.00 Budgeted 2,146.87 Remaining 14 % Used
Account: 122-69195-045-000 GASB34/Reserve for Replacement
1588 05/31/2013 Transfer GASB 34 Replacement Ladder truck 41,890.00 41,890.00 GL
_______________
Account: 122-69195-045-000 GASB34/Reserve for Replacement Totals: 41,890.00 41,890.00 **
145,598.00 Budgeted 103,708.00 Remaining 29 % Used
Department 45 Totals: ------------------------------------------------------------------------------------------------ 870,199.32 **
1,341,471.00 Budgeted 471,271.68 Remaining 65 % Used
Fund 122 Totals: ------------------------------------------------------------------------------------------------------ (460,542.76)
.00 Budgeted 460,542.76 Remaining 0 % Used
TCMUD#1 Page 136 of 294 Meeting Date: June 18, 2013
TROPHY CLUB MUD #1 - O&M
BALANCE SHEET
MAY 2013
GENERAL
FUND GASB
CAPITAL
PROJECTS
COMBINED
BALANCE @
5/31/13
ASSETS
CASH ON HAND 600 - - 600
CASH IN BANK 524,575 - - 524,575
INVESTMENTS 2,148,673 313,050 395,806 2,857,529
PREPAID EXPENSES 20,960 - - 20,960
ADVALOREM PROPERTY TAXES RECEIVABLE 2,610 - - 2,610
UTILITY AND OTHER ACCOUNTS RECEIVABLE 726,690 - - 726,690
-
TOTAL ASSETS 3,424,108 313,050 395,806 4,132,964
LIABILITIES AND FUND BALANCE
LIABILITIES
DEFERRED REVENUE - AD VALOREM PROPERTY TAXES 2,610 - - 2,610
ACCOUNTS AND OTHER PAYABLES 405,144 - 27,163 432,307
CUSTOMER DEPOSITS 226,997 - - 226,997
-
TOTAL LIABILITIES 634,751 - 27,163 661,914
FUND BALANCE
DESIGNATED FOR FUTURE ASSET REPLACEMENT - 214,249 214,249
ASSIGNED FUND BALANCE 456,156 456,156
UNASSIGNED FUND BALANCE 2,825,965 - 38,101 2,864,066
RESERVE FOR ENCUMBRANCES - - - -
NET REVENUES / EXPENDITURES (492,764) 98,801 330,541 (63,422)
-
TOTAL FUND BALANCE 2,789,357 313,050 368,642 3,471,049
-
TOTAL LIABILITIES AND FUND BALANCE 3,424,108 313,050 395,806 4,132,964
TCMUD#1 Page 137 of 294 Meeting Date: June 18, 2013
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20:09 06/12/13 Budget Summary with Amendment
Fund: 135 MUD 1 General Fund Department: Revenues Program:
Period Ending: 5/2013
Account Description Adopted Amended Total Current YTD % of Remaining
Budget Budget Encumb. Month Total Budget Budget
135-40000-000-000 Property Taxes 99,884.00- 99,884.00- 558.64- 99,866.84- 99.983 17.16-
135-40002-000-000 Property Taxes/Delinquent 500.00- 624.00- 10.81- 371.18 -59.484 995.18-
135-40015-000-000 Property Taxes/P & I 1,200.00- 1,200.00- 61.41- 757.31- 63.109 442.69-
Subtotal: 101,584.00- 101,708.00- 630.86- 100,252.97- 98.569 1,455.03-
135-47000-000-000 Water 3,545,609.00- 3,545,609.00- 286,994.44- 1,780,177.71- 50.208 1,765,431.29-
135-47005-000-000 Sewer 1,653,747.00- 1,653,747.00- 163,652.63- 1,109,990.19- 67.120 543,756.81-
135-47020-000-000 Standby 576.00- 576.00- 149.90- 26.024 426.10-
135-47025-000-000 Penalties 64,580.00- 64,580.00- 4,783.29- 34,218.44- 52.986 30,361.56-
135-47030-000-000 Service Charges 11,625.00- 11,625.00- 884.88- 8,132.82- 69.960 3,492.18-
135-47035-000-000 Plumbing Inspections 1,800.00- 1,800.00- 200.00- 700.00- 38.889 1,100.00-
135-47045-000-000 Sewer Inspections 5,200.00- 5,200.00- 600.00- 2,550.00- 49.038 2,650.00-
135-47070-000-000 TCCC Effluent Charges 77,575.00- 77,575.00- 8,197.94- 20,776.09- 26.782 56,798.91-
Subtotal: 5,360,712.00- 5,360,712.00- 465,313.18- 2,956,695.15- 55.155 2,404,016.85-
135-48005-000-000 Utility Fees 644,000.00- 644,000.00- 163,300.00- 347,300.00- 53.929 296,700.00-
Subtotal: 644,000.00- 644,000.00- 163,300.00- 347,300.00- 53.929 296,700.00-
135-49010-000-000 Interest Income 5,500.00- 5,500.00- 272.09- 3,384.10- 61.529 2,115.90-
135-49016-000-000 Cell Tower Revenue 10,164.00- 10,164.00- 910.53- 7,220.71- 71.042 2,943.29-
135-49018-000-000 Building Rent Income 7,000.00- 7,000.00- 583.33- 4,666.64- 66.666 2,333.36-
135-49030-000-000 Vending Revenue 350.00- 350.00- 269.15- 317.46- 90.703 32.54-
135-49035-000-000 Prior Year Reserves 305,748.00- 234,014.00- 234,014.00-
135-49075-000-000 Oversize Meter Reimbursement 73,000.00- 73,000.00- 24,092.00- 54,635.69- 74.843 18,364.31-
135-49141-000-000 Interfund Trans In (Cap Proj) 38,101.00- 38,101.42- 100.001 .42
135-49900-000-000 Miscellaneous Income 1,000.00- 13,213.00- 101.44- 14,847.88- 112.373 1,634.88
135-49901-000-000 Records Management Revenue 109.00- 77.70 31.30- 28.716 77.70-
135-49903-000-000 Recovery of Prior Year Expense 9,671.83- 11,789.33- 11,789.33
135-49905-000-000 Gas Well Revenue 200.00- 286.00- 545.71- 190.808 259.71
Subtotal: 402,962.00- 381,737.00- 35,822.67- 135,540.24- 35.506 246,196.76-
Program number: 6,509,258.00- 6,488,157.00- 665,066.71- 3,539,788.36- 54.558 2,948,368.64-
Department number: Revenues 6,509,258.00- 6,488,157.00- 665,066.71- 3,539,788.36- 54.558 2,948,368.64-
Revenues Subtotal ----------- 6,509,258.00- 6,488,157.00- 665,066.71- 3,539,788.36- 54.558 2,948,368.64-
TCMUD#1 Page 138 of 294 Meeting Date: June 18, 2013
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20:09 06/12/13 Budget Summary with Amendment
Fund: 135 MUD 1 General Fund Department: 10 Water Program:
Period Ending: 5/2013
Account Description Adopted Amended Total Current YTD % of Remaining
Budget Budget Encumb. Month Total Budget Budget
135-50005-010-000 Salaries & Wages 213,321.00 213,321.00 13,431.04 107,584.54 50.433 105,736.46
135-50010-010-000 Overtime 13,250.00 19,250.00 473.88 9,027.53 46.896 10,222.47
135-50016-010-000 Longevity 3,080.00 3,080.00 3,080.00 100.000
135-50017-010-000 Certification 5,100.00 5,100.00 375.00 3,000.00 58.824 2,100.00
135-50020-010-000 Retirement 32,725.00 57,748.00 1,282.33 39,206.17 67.892 18,541.83
135-50026-010-000 Medical Insurance 28,920.00 28,920.00 2,113.96 15,621.56 54.016 13,298.44
135-50027-010-000 Dental Insurance 2,091.00 2,091.00 145.51 1,125.89 53.845 965.11
135-50028-010-000 Vision Insurance 519.00 519.00 33.91 264.71 51.004 254.29
135-50029-010-000 Life Insurance & Other 1,204.00 1,532.00 90.06 946.37 61.773 585.63
135-50030-010-000 Social Security Taxes 14,555.00 14,555.00 865.16 7,703.35 52.926 6,851.65
135-50035-010-000 Medicare Taxes 3,404.00 3,404.00 202.34 1,801.59 52.926 1,602.41
135-50040-010-000 Unemployment Taxes 945.00 945.00 252.15- 45.01 4.763 899.99
135-50045-010-000 Workman's Compensation 6,109.00 6,109.00 2,532.00- 3,760.65 61.559 2,348.35
135-50060-010-000 Pre-emp Physicals/Testing 200.00 200.00 30.95 93.95 46.975 106.05
135-50070-010-000 Employee Relations 350.00 350.00 12.05 111.51 31.860 238.49
Subtotal: 325,773.00 357,124.00 16,272.04 193,372.83 54.147 163,751.17
135-55005-010-000 Engineering 3,000.00 2,000.00 2,000.00
135-55080-010-000 Maintenance & Repairs 50,000.00 50,000.00 716.97 23,472.07 46.944 26,527.93
135-55090-010-000 Vehicle Maintenance 3,700.00 4,650.00 752.82 3,637.74 78.231 1,012.26
135-55105-010-000 Maintenance-Backhoe/SkidLoader 2,900.00 2,900.00 1,767.04 60.932 1,132.96
135-55135-010-000 Lab Analysis 4,500.00 5,384.00 405.00 3,753.81 69.722 1,630.19
Subtotal: 64,100.00 64,934.00 1,874.79 32,630.66 50.252 32,303.34
135-60010-010-000 Communications/Pagers/Mobiles 2,000.00 2,000.00 175.00 1,053.96 52.698 946.04
135-60020-010-000 Electricity 162,410.00 162,410.00 9,951.39 65,135.33 40.105 97,274.67
135-60066-010-000 Publications/Books/Subscripts 500.00 500.00 500.00
135-60070-010-000 Dues & Memberships 150.00 150.00 150.00 100.000
135-60080-010-000 Schools & Training 1,672.00 1,472.00 351.00 23.845 1,121.00
135-60090-010-000 Safety Program 500.00 400.00 400.00
135-60100-010-000 Travel & per diem 700.00 800.00 551.69 68.961 248.31
135-60105-010-000 Rent/Lease Equipment 500.00 500.00 6.00 18.00 3.600 482.00
135-60125-010-000 Advertising 150.00 150.00 150.00-
135-60135-010-000 TCEQ Fees & Permits 35,800.00 42,743.00 2,769.00 43,293.75 101.289 550.75-
135-60150-010-000 Wholesale Water 2,028,447.00 2,028,447.00 247,511.36 830,521.44 40.944 1,197,925.56
135-60243-010-000 Prior Year Expense 756.00 756.00 100.000
135-60245-010-000 Miscellaneous Expenses 500.00 200.00 200.00
135-60280-010-000 Property Maintenance 4,200.00 4,200.00 98.89 932.43 22.201 3,267.57
135-60285-010-000 Lawn Equipment & Maintenance 250.00 250.00 250.00
135-60360-010-000 Furniture/Equipment < $5000 1,500.00 500.00 38.99 7.798 461.01
Subtotal: 2,239,129.00 2,245,328.00 260,661.64 942,952.59 41.996 1,302,375.41
TCMUD#1 Page 139 of 294 Meeting Date: June 18, 2013
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20:09 06/12/13 Budget Summary with Amendment
Fund: 135 MUD 1 General Fund Department: 10 Water Program:
Period Ending: 5/2013
Account Description Adopted Amended Total Current YTD % of Remaining
Budget Budget Encumb. Month Total Budget Budget
135-65005-010-000 Fuel & Lube 17,661.00 17,661.00 974.66 7,601.36 43.040 10,059.64
135-65010-010-000 Uniforms 2,680.00 2,680.00 1,617.82 60.366 1,062.18
135-65030-010-000 Chemicals 6,200.00 6,200.00 774.07 3,204.17 51.680 2,995.83
135-65035-010-000 Small Tools 1,500.00 1,500.00 267.19 17.813 1,232.81
135-65040-010-000 Safety Equipment 2,000.00 1,000.00 256.82 25.682 743.18
135-65050-010-000 Meter Expense 143,550.00 143,550.00 47,824.25 147,057.25 102.443 3,507.25-
135-65085-010-000 Office Supplies 109.68 109.68-
Subtotal: 173,591.00 172,591.00 49,572.98 160,114.29 92.771 12,476.71
135-69005-010-000 Capital Expenses 181,800.00 8,000.00 1,094.96- -13.687 9,094.96
135-69008-010-000 Short Term Debt-Principal 387,037.00 366,000.00 366,000.00
135-69009-010-000 Short Term Debt-Interest 21,037.00 10,376.98 49.327 10,660.02
135-69195-010-000 Gasb34/Reserve for Replacement 30,000.00 30,000.00 30,000.00 30,000.00 100.000
135-69280-010-000 Capital Repairs 270,000.00 60,000.00 59,869.00 99.782 131.00
135-69281-010-000 Capital Repair-Ground Storage 150,000.00 100,900.00 100,816.54 99.917 83.46
Subtotal: 1,018,837.00 585,937.00 30,000.00 199,967.56 34.128 385,969.44
Program number: 3,821,430.00 3,425,914.00 358,381.45 1,529,037.93 44.632 1,896,876.07
Department number: Water 3,821,430.00 3,425,914.00 358,381.45 1,529,037.93 44.632 1,896,876.07
TCMUD#1 Page 140 of 294 Meeting Date: June 18, 2013
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20:09 06/12/13 Budget Summary with Amendment
Fund: 135 MUD 1 General Fund Department: 20 Wastewater Program:
Period Ending: 5/2013
Account Description Adopted Amended Total Current YTD % of Remaining
Budget Budget Encumb. Month Total Budget Budget
135-50005-020-000 Salaries & Wages 196,781.00 196,781.00 12,068.14 115,696.93 58.795 81,084.07
135-50010-020-000 Overtime 10,166.00 17,546.00 608.92 8,357.36 47.631 9,188.64
135-50016-020-000 Longevity 2,858.00 2,858.00 2,857.50 99.983 .50
135-50017-020-000 Certification 4,200.00 4,200.00 300.00 2,700.00 64.286 1,500.00
135-50020-020-000 Retirement 29,821.00 54,844.00 1,165.34 39,944.26 72.833 14,899.74
135-50026-020-000 Medical Insurance 29,034.00 29,034.00 2,764.74 22,391.07 77.120 6,642.93
135-50027-020-000 Dental Insurance 2,112.00 2,112.00 195.56 1,596.52 75.593 515.48
135-50028-020-000 Vision Insurance 552.00 552.00 41.15 392.26 71.062 159.74
135-50029-020-000 Life Insurance & Other 920.00 1,377.00 79.92 1,007.83 73.190 369.17
135-50030-020-000 Social Security Taxes 13,268.00 13,268.00 679.21 7,137.40 53.794 6,130.60
135-50035-020-000 Medicare Taxes 3,103.00 3,103.00 158.85 1,669.22 53.794 1,433.78
135-50040-020-000 Unemployment Taxes 756.00 756.00 263.64- 45.41 6.007 710.59
135-50045-020-000 Workman's Compensation 2,939.00 2,939.00 551.00 5,960.27 202.799 3,021.27-
135-50060-020-000 Pre-emp Physicals/Testing 150.00 150.00 126.00 84.000 24.00
135-50070-020-000 Employee Relations 350.00 350.00 12.05 91.23 26.066 258.77
Subtotal: 297,010.00 329,870.00 18,361.24 209,973.26 63.653 119,896.74
135-55070-020-000 Independent Labor 1,000.00 84,418.00 11,500.00 77,500.00 91.805 6,918.00
135-55080-020-000 Maintenance & Repairs 40,000.00 41,205.00 1,895.46 42,088.51 102.144 883.51-
135-55090-020-000 Vehicle Maintenance 2,000.00 3,350.00 884.83 4,517.96 134.864 1,167.96-
135-55105-020-000 Maintenance-Backhoe/SkidLoader 1,500.00 1,500.00 1,080.96 72.064 419.04
135-55125-020-000 Dumpster Services 15,000.00 49,611.00 7,738.64 33,987.01 68.507 15,623.99
135-55135-020-000 Lab Analysis 30,000.00 30,000.00 4,691.00 20,518.65 68.396 9,481.35
Subtotal: 89,500.00 210,084.00 26,709.93 179,693.09 85.534 30,390.91
135-60010-020-000 Communications/Pagers/Mobiles 2,700.00 3,981.00 168.70 1,408.33 35.376 2,572.67
135-60020-020-000 Electricity 153,045.00 153,045.00 9,692.88 84,225.41 55.033 68,819.59
135-60066-020-000 Publications/Books/Subscripts 500.00 200.00 161.45 80.725 38.55
135-60080-020-000 Schools & Training 3,272.00 3,272.00 1,071.66 32.752 2,200.34
135-60090-020-000 Safety Program 250.00 71.47 71.47 71.47-
135-60100-020-000 Travel & per diem 1,400.00 1,400.00 1,054.28 3,256.94 232.639 1,856.94-
135-60105-020-000 Rent/Lease Equipment 1,500.00 1,500.00 1,123.00 74.867 377.00
135-60125-020-000 Advertising 2,000.00 300.00 112.50 37.500 187.50
135-60135-020-000 TCEQ Fees & Permits 56,000.00 15,600.00 7,887.19 50.559 7,712.81
135-60136-020-000 TCEQ Environmental Proj (SEP) 40,400.00 40,400.00 40,400.00 100.000
135-60243-020-000 Prior Year Expense 802.00 801.59 99.949 .41
135-60245-020-000 Miscellaneous Expenses 200.00 200.00 54.00 202.10 101.050 2.10-
135-60285-020-000 Lawn Equipment & Maintenance 500.00 500.00 412.23 82.446 87.77
Subtotal: 221,367.00 221,200.00 51,441.33 141,133.87 63.804 80,066.13
135-65005-020-000 Fuel & Lube 8,527.00 10,527.00 72.00 7,132.95 67.759 3,394.05
TCMUD#1 Page 141 of 294 Meeting Date: June 18, 2013
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20:09 06/12/13 Budget Summary with Amendment
Fund: 135 MUD 1 General Fund Department: 20 Wastewater Program:
Period Ending: 5/2013
Account Description Adopted Amended Total Current YTD % of Remaining
Budget Budget Encumb. Month Total Budget Budget
135-65010-020-000 Uniforms 2,574.00 1,574.00 430.00 1,203.70 76.474 370.30
135-65030-020-000 Chemicals 10,000.00 38,346.00 2,760.00 22,790.90 59.435 15,555.10
135-65035-020-000 Small Tools 1,000.00 1,000.00 135.58 469.05 46.905 530.95
135-65040-020-000 Safety Equipment 250.00 500.00 43.44 526.70 105.340 26.70-
135-65045-020-000 Lab Supplies 10,000.00 10,000.00 1,795.88 12,995.35 129.953 2,995.35-
Subtotal: 32,351.00 61,947.00 5,236.90 45,118.65 72.834 16,828.35
135-69005-020-000 Capital Expenses 241,200.00 446,484.00 442,195.29 99.039 4,288.71
135-69280-020-000 Capital Repairs 158,000.00
Subtotal: 399,200.00 446,484.00 442,195.29 99.039 4,288.71
Program number: 1,039,428.00 1,269,585.00 101,749.40 1,018,114.16 80.193 251,470.84
Department number: Wastewater 1,039,428.00 1,269,585.00 101,749.40 1,018,114.16 80.193 251,470.84
TCMUD#1 Page 142 of 294 Meeting Date: June 18, 2013
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20:09 06/12/13 Budget Summary with Amendment
Fund: 135 MUD 1 General Fund Department: 21 Collection Program:
Period Ending: 5/2013
Account Description Adopted Amended Total Current YTD % of Remaining
Budget Budget Encumb. Month Total Budget Budget
135-50005-021-000 Salaries & Wages 156,475.00 156,475.00 11,782.74 94,904.13 60.651 61,570.87
135-50010-021-000 Overtime 7,297.00 12,158.00 643.02 6,365.46 52.356 5,792.54
135-50016-021-000 Longevity 3,818.00 3,818.00 3,817.50 99.987 .50
135-50017-021-000 Certification 1,800.00 1,800.00 150.00 1,150.00 63.889 650.00
135-50020-021-000 Retirement 23,574.00 42,910.00 1,129.31 31,550.19 73.526 11,359.81
135-50026-021-000 Medical Insurance 20,198.00 25,940.00 2,321.55 16,656.99 64.214 9,283.01
135-50027-021-000 Dental Insurance 1,409.00 1,812.00 159.88 1,172.84 64.726 639.16
135-50028-021-000 Vision Insurance 357.00 383.00 32.60 252.12 65.828 130.88
135-50029-021-000 Life Insurance & Other 1,008.00 1,223.00 64.78 739.89 60.498 483.11
135-50030-021-000 Social Security Taxes 10,502.00 10,502.00 712.36 6,292.36 59.916 4,209.64
135-50035-021-000 Medicare Taxes 2,456.00 2,456.00 166.60 1,471.58 59.918 984.42
135-50040-021-000 Unemployment Taxes 567.00 567.00 206.88- 34.39 6.065 532.61
135-50045-021-000 Workman's Compensation 3,348.00 3,348.00 552.00 4,896.88 146.263 1,548.88-
135-50070-021-000 Employee Relations 250.00 250.00 12.05 108.00 43.200 142.00
Subtotal: 233,059.00 263,642.00 17,520.01 169,412.33 64.258 94,229.67
135-55005-021-000 Engineering 1,500.00
135-55080-021-000 Maintenance & Repairs 35,000.00 20,000.00 1,016.60 15,962.78 79.814 4,037.22
135-55090-021-000 Vehicle Maintenance 1,900.00 1,600.00 302.97 1,344.23 84.014 255.77
Subtotal: 38,400.00 21,600.00 1,319.57 17,307.01 80.125 4,292.99
135-60010-021-000 Communications/Pagers/Mobiles 3,500.00 3,500.00 217.94 1,580.45 45.156 1,919.55
135-60020-021-000 Electricity 18,705.00 18,705.00 1,512.77 11,979.36 64.044 6,725.64
135-60070-021-000 Dues & Memberships 250.00 250.00 250.00 100.000
135-60080-021-000 Schools & Training 826.00 826.00 830.00 100.484 4.00-
135-60090-021-000 Safety Program 500.00 300.00 300.00
135-60100-021-000 Travel & per diem 450.00 450.00 518.46 2,092.93 465.096 1,642.93-
135-60105-021-000 Rent/Lease Equipment 10,000.00 10,000.00 10,000.00
135-60243-021-000 Prior Year Expense 621.00 620.83 99.973 .17
135-60245-021-000 Miscellaneous Expenses 100.00 100.00 100.00
Subtotal: 34,331.00 34,752.00 2,249.17 17,353.57 49.935 17,398.43
135-65005-021-000 Fuel & Lube 12,117.00 12,117.00 5,576.47 46.022 6,540.53
135-65010-021-000 Uniforms 2,220.00 2,220.00 934.13 42.078 1,285.87
135-65030-021-000 Chemicals 7,500.00 7,500.00 2,221.00 29.613 5,279.00
135-65035-021-000 Small Tools 1,500.00 1,250.00 70.00 5.600 1,180.00
135-65040-021-000 Safety Equipment 500.00 500.00 120.00 24.000 380.00
Subtotal: 23,837.00 23,587.00 8,921.60 37.824 14,665.40
135-69005-021-000 Capital Expenses 90,000.00 90,000.00 15,276.00 15,276.00 16.973 74,724.00
TCMUD#1 Page 143 of 294 Meeting Date: June 18, 2013
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20:09 06/12/13 Budget Summary with Amendment
Fund: 135 MUD 1 General Fund Department: 21 Collection Program:
Period Ending: 5/2013
Account Description Adopted Amended Total Current YTD % of Remaining
Budget Budget Encumb. Month Total Budget Budget
135-69008-021-000 Short Term Debt-Principal 40,260.00 40,260.00 40,260.00
Subtotal: 130,260.00 130,260.00 15,276.00 15,276.00 11.727 114,984.00
Program number: 459,887.00 473,841.00 36,364.75 228,270.51 48.174 245,570.49
Department number: Collection 459,887.00 473,841.00 36,364.75 228,270.51 48.174 245,570.49
TCMUD#1 Page 144 of 294 Meeting Date: June 18, 2013
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20:09 06/12/13 Budget Summary with Amendment
Fund: 135 MUD 1 General Fund Department: 26 Board of Directors Program:
Period Ending: 5/2013
Account Description Adopted Amended Total Current YTD % of Remaining
Budget Budget Encumb. Month Total Budget Budget
135-50005-026-000 Salaries & Wages 10,000.00 10,000.00 1,500.00 7,100.00 71.000 2,900.00
135-50030-026-000 Social Security Taxes 620.00 620.00 93.00 440.20 71.000 179.80
135-50035-026-000 Medicare Taxes 145.00 145.00 21.75 102.95 71.000 42.05
135-50040-026-000 Unemployment Taxes 210.00 210.00 1.50 65.90 31.381 144.10
135-50045-026-000 Workman's Compensation 150.00 150.00 7.82- 7.88 5.253 142.12
Subtotal: 11,125.00 11,125.00 1,608.43 7,716.93 69.366 3,408.07
135-60066-026-000 Publications/Books/Subscripts 150.00 150.00 150.00
135-60070-026-000 Dues & Memberships 2,100.00 2,100.00 42.00 2.000 2,058.00
135-60075-026-000 Meetings 1,200.00 1,200.00 434.97 36.248 765.03
135-60080-026-000 Schools & Training 4,000.00 4,000.00 395.00 2,655.00 66.375 1,345.00
135-60100-026-000 Travel & per diem 5,000.00 5,000.00 1,764.34 4,106.22 82.124 893.78
135-60243-026-000 Prior Year Expense 107.10 107.10-
135-60245-026-000 Miscellaneous Expenses 3,000.00 3,000.00 15.44 267.88 8.929 2,732.12
Subtotal: 15,450.00 15,450.00 2,174.78 7,613.17 49.276 7,836.83
Program number: 26,575.00 26,575.00 3,783.21 15,330.10 57.686 11,244.90
Department number: Board of Directors 26,575.00 26,575.00 3,783.21 15,330.10 57.686 11,244.90
TCMUD#1 Page 145 of 294 Meeting Date: June 18, 2013
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20:09 06/12/13 Budget Summary with Amendment
Fund: 135 MUD 1 General Fund Department: 30 Administration Program:
Period Ending: 5/2013
Account Description Adopted Amended Total Current YTD % of Remaining
Budget Budget Encumb. Month Total Budget Budget
135-50005-030-000 Salaries & Wages 444,730.00 444,730.00 33,152.91 273,945.57 61.598 170,784.43
135-50010-030-000 Overtime 1,500.00 1,500.00 33.10 233.93 15.595 1,266.07
135-50016-030-000 Longevity 2,193.00 2,318.00 2,317.50 99.978 .50
135-50020-030-000 Retirement 60,441.00 104,801.00 2,980.10 75,342.70 71.891 29,458.30
135-50026-030-000 Medical Insurance 44,066.00 49,049.00 4,388.10 31,496.40 64.214 17,552.60
135-50027-030-000 Dental Insurance 3,379.00 3,379.00 386.34 2,797.86 82.801 581.14
135-50028-030-000 Vision Insurance 795.00 945.00 82.53 611.17 64.674 333.83
135-50029-030-000 Life Insurance & Other 2,500.00 2,582.00 173.08 1,896.17 73.438 685.83
135-50030-030-000 Social Security Taxes 27,802.00 27,802.00 1,912.89 16,410.36 59.026 11,391.64
135-50035-030-000 Medicare Taxes 6,502.00 6,502.00 447.37 3,837.91 59.027 2,664.09
135-50040-030-000 Unemployment Taxes 1,537.00 1,537.00 515.12- 439.29 28.581 1,097.71
135-50045-030-000 Workman's Compensation 831.00 831.00 98.12 938.60 112.948 107.60-
135-50060-030-000 Pre-emp Physicals/Testing 250.00 250.00 39.00 15.600 211.00
135-50070-030-000 Employee Relations 5,000.00 5,000.00 15.82 2,739.99 54.800 2,260.01
Subtotal: 601,526.00 651,226.00 43,155.24 413,046.45 63.426 238,179.55
135-55030-030-000 Software & Support 63,555.00 63,555.00 22,238.65 48,711.94 76.645 14,843.06
135-55070-030-000 Independent Labor 2,700.00 7,700.00 598.75 7.776 7,101.25
135-55075-030-000 Records Management 500.00 500.00 500.00
135-55080-030-000 Maintenance & Repairs 811.00 810.52 99.941 .48
135-55100-030-000 Building Maint & Supplies 5,000.00 6,500.00 808.43 4,305.95 66.245 2,194.05
135-55120-030-000 Cleaning Services 20,200.00 20,200.00 12,197.25 60.382 8,002.75
135-55160-030-000 Professional Outside Services 15,000.00 15,000.00 6,974.00 46.493 8,026.00
135-55161-030-000 Outside Services-Town Semo 85,465.00 85,465.00 85,465.00 100.000
135-55165-030-000 Collection Fees 160.00 159.77 99.856 .23
135-55205-030-000 Utility Billing Contract 11,000.00 11,000.00 611.28 4,358.49 39.623 6,641.51
Subtotal: 203,420.00 210,891.00 23,658.36 163,581.67 77.567 47,309.33
135-60005-030-000 Telephone 9,000.00 10,500.00 2,638.32 8,236.58 78.444 2,263.42
135-60010-030-000 Communications/Pagers/Mobiles 3,575.00 3,575.00 340.79 2,295.69 64.215 1,279.31
135-60020-030-000 Electricity/Gas 13,019.00 13,019.00 1,138.58 8,131.52 62.459 4,887.48
135-60025-030-000 Water 3,100.00 3,100.00 243.18 740.46 23.886 2,359.54
135-60030-030-000 Rent And/Or Usage 13,182.00 13,182.00 1,098.51 8,788.08 66.667 4,393.92
135-60035-030-000 Postage 23,000.00 26,604.00 3,384.66 18,426.34 69.262 8,177.66
135-60040-030-000 Service Charges & Fees 18,000.00 28,330.00 2,153.86 18,365.90 64.828 9,964.10
135-60050-030-000 Bad Debt Expense 8,500.00 8,500.00 85.44 1.005 8,414.56
135-60055-030-000 Insurance 35,000.00 50,694.00 50.00 50,743.77 100.098 49.77-
135-60066-030-000 Publications/Books/Subscripts 750.00 834.00 833.50 99.940 .50
135-60070-030-000 Dues & Memberships 2,400.00 3,892.00 3,891.95 99.999 .05
135-60075-030-000 Meetings 250.00 400.00 283.85 70.963 116.15
135-60080-030-000 Schools & Training 5,500.00 5,350.00 989.65 3,394.65 63.451 1,955.35
135-60100-030-000 Travel & per diem 3,950.00 3,616.00 1,634.19 3,697.01 102.240 81.01-
TCMUD#1 Page 146 of 294 Meeting Date: June 18, 2013
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20:09 06/12/13 Budget Summary with Amendment
Fund: 135 MUD 1 General Fund Department: 30 Administration Program:
Period Ending: 5/2013
Account Description Adopted Amended Total Current YTD % of Remaining
Budget Budget Encumb. Month Total Budget Budget
135-60110-030-000 Physicals/Testing 500.00 500.00 500.00
135-60125-030-000 Advertising 4,000.00 4,000.00 893.40 22.335 3,106.60
135-60235-030-000 Security 1,350.00 1,350.00 505.13 505.13 37.417 844.87
135-60243-030-000 Prior Year Expense 1,263.00 2,027.57 3,290.58 260.537 2,027.58-
135-60245-030-000 Miscellaneous Expenses 15,000.00 13,500.00 733.10 1,015.22 7.520 12,484.78
135-60270-030-000 4th of July Celebration 10,500.00 10,500.00 10,500.00
135-60281-030-000 Park Expenses 42,500.00 1,998.06 30,550.46 71.883 11,949.54
135-60336-030-000 Interfund Trans Out (MUD1 I&S) 161,000.00 161,000.00 161,000.00-
135-60360-030-000 Furniture/Equipment < $5000 2,500.00 2,500.00 380.36 3,537.76 141.510 1,037.76-
Subtotal: 173,076.00 247,709.00 180,315.96 328,707.29 132.699 80,998.29-
135-65010-030-000 Uniforms 1,635.00 1,635.00 624.12 38.172 1,010.88
135-65055-030-000 Hardware 20,188.00 20,188.00 1,442.50 11,941.74 59.153 8,246.26
135-65085-030-000 Office Supplies 8,200.00 8,200.00 1,806.65 6,491.22 79.161 1,708.78
135-65090-030-000 Printer Supplies & Maintenance 5,732.00 5,732.00 335.50 2,057.58 35.896 3,674.42
135-65095-030-000 Maintenance Supplies 2,000.00 1,500.00 150.30 2,319.47 154.631 819.47-
135-65097-030-000 Vending Machine Supplies 500.00 500.00 50.32 50.32 10.064 449.68
135-65105-030-000 Printing 5,200.00 4,200.00 761.19 1,156.19 27.528 3,043.81
Subtotal: 43,455.00 41,955.00 4,546.46 24,640.64 58.731 17,314.36
135-69170-030-000 Copier Lease Installments 3,450.00 3,450.00 256.85 1,797.95 52.114 1,652.05
135-69195-030-000 Gasb34/Reserve for Replacement 26,911.00 26,911.00 26,911.00 26,911.00 100.000
Subtotal: 30,361.00 30,361.00 27,167.85 28,708.95 94.559 1,652.05
Program number: 1,051,838.00 1,182,142.00 278,843.87 958,685.00 81.097 223,457.00
Department number: Administration 1,051,838.00 1,182,142.00 278,843.87 958,685.00 81.097 223,457.00
TCMUD#1 Page 147 of 294 Meeting Date: June 18, 2013
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20:09 06/12/13 Budget Summary with Amendment
Fund: 135 MUD 1 General Fund Department: 39 Non Departmental Program:
Period Ending: 5/2013
Account Description Adopted Amended Total Current YTD % of Remaining
Budget Budget Encumb. Month Total Budget Budget
135-55045-039-000 Legal 70,000.00 70,000.00 6,003.50 141,515.60 202.165 71,515.60-
135-55055-039-000 Auditing 21,200.00 21,200.00 20,700.00 97.642 500.00
135-55060-039-000 Appraisal 15,100.00 15,100.00 6,209.06 41.120 8,890.94
135-55065-039-000 Tax Admin Fees 3,800.00 3,800.00 2,356.39 62.010 1,443.61
Subtotal: 110,100.00 110,100.00 6,003.50 170,781.05 155.114 60,681.05-
135-60344-039-000 Intergov Trans Out (Fire CIP) 25,606.82 112,333.21 112,333.21-
Subtotal: 25,606.82 112,333.21 112,333.21-
Program number: 110,100.00 110,100.00 31,610.32 283,114.26 257.143 173,014.26-
Department number: Non Departmental 110,100.00 110,100.00 31,610.32 283,114.26 257.143 173,014.26-
Expenditures Subtotal ----------- 6,509,258.00 6,488,157.00 810,733.00 4,032,551.96 62.153 2,455,605.04
Fund number: 135 MUD 1 General Fund 145,666.29 492,763.60 492,763.60-
TCMUD#1 Page 148 of 294 Meeting Date: June 18, 2013
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20:09 06/12/13 Budget Summary with Amendment
Fund: 507 MUD 1 Capital Projects Department: Program:
Period Ending: 5/2013
Account Description Adopted Amended Total Current YTD % of Remaining
Budget Budget Encumb. Month Total Budget Budget
507-49005-000-000 Loan Proceeds 445,000.00- 445,000.00- 100.000
507-49010-000-000 Interest Income 100.00- 24.18- 49.33- 49.330 50.67-
Subtotal: 445,100.00- 24.18- 445,049.33- 99.989 50.67-
Program number: 445,100.00- 24.18- 445,049.33- 99.989 50.67-
Department number: 445,100.00- 24.18- 445,049.33- 99.989 50.67-
Revenues Subtotal ----------- 445,100.00- 24.18- 445,049.33- 99.989 50.67-
TCMUD#1 Page 149 of 294 Meeting Date: June 18, 2013
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20:09 06/12/13 Budget Summary with Amendment
Fund: 507 MUD 1 Capital Projects Department: 10 Water Program:
Period Ending: 5/2013
Account Description Adopted Amended Total Current YTD % of Remaining
Budget Budget Encumb. Month Total Budget Budget
507-69280-010-000 Capital Repairs 2,663.28-
Subtotal: 2,663.28-
Program number: 2,663.28-
TCMUD#1 Page 150 of 294 Meeting Date: June 18, 2013
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20:09 06/12/13 Budget Summary with Amendment
Fund: 507 MUD 1 Capital Projects Department: 10 Water Program: 1 Security Cameras
Period Ending: 5/2013
Account Description Adopted Amended Total Current YTD % of Remaining
Budget Budget Encumb. Month Total Budget Budget
507-69005-010-001 Capital Expense 5,800.00 6,289.00 108.431 489.00-
Subtotal: 5,800.00 6,289.00 108.431 489.00-
Program number: 1 Security Cameras 5,800.00 6,289.00 108.431 489.00-
TCMUD#1 Page 151 of 294 Meeting Date: June 18, 2013
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20:09 06/12/13 Budget Summary with Amendment
Fund: 507 MUD 1 Capital Projects Department: 10 Water Program: 2 Rate of Flow Control-FW Meter
Period Ending: 5/2013
Account Description Adopted Amended Total Current YTD % of Remaining
Budget Budget Encumb. Month Total Budget Budget
507-69280-010-002 Capital Repairs 165,000.00 15,946.00 15,946.00 9.664 149,054.00
Subtotal: 165,000.00 15,946.00 15,946.00 9.664 149,054.00
Program number: 2 Rate of Flow Control-FW Meter 165,000.00 15,946.00 15,946.00 9.664 149,054.00
TCMUD#1 Page 152 of 294 Meeting Date: June 18, 2013
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20:09 06/12/13 Budget Summary with Amendment
Fund: 507 MUD 1 Capital Projects Department: 10 Water Program: 3 Indian Creek Waterline
Period Ending: 5/2013
Account Description Adopted Amended Total Current YTD % of Remaining
Budget Budget Encumb. Month Total Budget Budget
507-69280-010-003 Capital Repairs 210,000.00 5,279.33 9,079.33 4.323 200,920.67
Subtotal: 210,000.00 5,279.33 9,079.33 4.323 200,920.67
Program number: 3 Indian Creek Waterline 210,000.00 5,279.33 9,079.33 4.323 200,920.67
Department number: Water 380,800.00 18,562.05 31,314.33 8.223 349,485.67
TCMUD#1 Page 153 of 294 Meeting Date: June 18, 2013
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20:09 06/12/13 Budget Summary with Amendment
Fund: 507 MUD 1 Capital Projects Department: 20 Wastewater Program:
Period Ending: 5/2013
Account Description Adopted Amended Total Current YTD % of Remaining
Budget Budget Encumb. Month Total Budget Budget
507-60335-020-000 Interfund Transfer Out (GF) 38,101.42 38,101.42-
Subtotal: 38,101.42 38,101.42-
Program number: 38,101.42 38,101.42-
TCMUD#1 Page 154 of 294 Meeting Date: June 18, 2013
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20:09 06/12/13 Budget Summary with Amendment
Fund: 507 MUD 1 Capital Projects Department: 20 Wastewater Program: 1 Security Cameras
Period Ending: 5/2013
Account Description Adopted Amended Total Current YTD % of Remaining
Budget Budget Encumb. Month Total Budget Budget
507-69005-020-001 Capital Expense 8,200.00 8,578.00 104.610 378.00-
Subtotal: 8,200.00 8,578.00 104.610 378.00-
Program number: 1 Security Cameras 8,200.00 8,578.00 104.610 378.00-
TCMUD#1 Page 155 of 294 Meeting Date: June 18, 2013
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20:09 06/12/13 Budget Summary with Amendment
Fund: 507 MUD 1 Capital Projects Department: 20 Wastewater Program: 4 Sludge Blanket Level Indicator
Period Ending: 5/2013
Account Description Adopted Amended Total Current YTD % of Remaining
Budget Budget Encumb. Month Total Budget Budget
507-69005-020-004 Capital Expense 18,000.00 18,000.00
Subtotal: 18,000.00 18,000.00
Program number: 4 Sludge Blanket Level Indicator 18,000.00 18,000.00
TCMUD#1 Page 156 of 294 Meeting Date: June 18, 2013
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20:09 06/12/13 Budget Summary with Amendment
Fund: 507 MUD 1 Capital Projects Department: 20 Wastewater Program: 5 Portable Submersible Pump
Period Ending: 5/2013
Account Description Adopted Amended Total Current YTD % of Remaining
Budget Budget Encumb. Month Total Budget Budget
507-69005-020-005 Capital Expense 10,000.00 8,553.92 8,553.92 85.539 1,446.08
Subtotal: 10,000.00 8,553.92 8,553.92 85.539 1,446.08
Program number: 5 Portable Submersible Pump 10,000.00 8,553.92 8,553.92 85.539 1,446.08
TCMUD#1 Page 157 of 294 Meeting Date: June 18, 2013
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20:09 06/12/13 Budget Summary with Amendment
Fund: 507 MUD 1 Capital Projects Department: 20 Wastewater Program: 6 Waste Pump
Period Ending: 5/2013
Account Description Adopted Amended Total Current YTD % of Remaining
Budget Budget Encumb. Month Total Budget Budget
507-69280-020-006 Capital Repairs 28,000.00 27,960.70 99.860 39.30
Subtotal: 28,000.00 27,960.70 99.860 39.30
Program number: 6 Waste Pump 28,000.00 27,960.70 99.860 39.30
Department number: Wastewater 64,200.00 8,553.92 83,194.04 129.586 18,994.04-
Expenditures Subtotal ----------- 445,000.00 27,115.97 114,508.37 25.732 330,491.63
Fund number: 507 MUD 1 Capital Projects 100.00- 27,091.79 330,540.96- ############### 330,440.96
TCMUD#1 Page 158 of 294 Meeting Date: June 18, 2013
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20:09 06/12/13 Budget Summary with Amendment
Fund: 522 2010 GO/Fire Station Department: Revenues Program:
Period Ending: 5/2013
Account Description Adopted Amended Total Current YTD % of Remaining
Budget Budget Encumb. Month Total Budget Budget
522-49145-000-000 Intergov Transfer-General Fund 25,606.82- 112,333.21- 112,333.21
Subtotal: 25,606.82- 112,333.21- 112,333.21
Program number: 25,606.82- 112,333.21- 112,333.21
Department number: Revenues 25,606.82- 112,333.21- 112,333.21
Revenues Subtotal ----------- 25,606.82- 112,333.21- 112,333.21
Fund number: 522 2010 GO/Fire Station 25,606.82- 112,333.21- 112,333.21
TCMUD#1 Page 159 of 294 Meeting Date: June 18, 2013
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20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 135 MUD 1 General Fund Department: Revenues Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
Account: 135-40000-000-000 Property Taxes
1589 05/01/2013 Property Taxes/Assessments (99,308.20) (31.85) (99,340.05) GL
1590 05/02/2013 Property Taxes/Assessments (5.43) (99,345.48) GL
1591 05/03/2013 Property Taxes/Assessments (3.80) (99,349.28) GL
1592 05/06/2013 Property Taxes/Assessments (11.43) (99,360.71) GL
1593 05/07/2013 Property Taxes/Assessments (39.98) (99,400.69) GL
1594 05/08/2013 Property Taxes/Assessments (1.85) (99,402.54) GL
1595 05/09/2013 Property Taxes/Assessments (.55) (99,403.09) GL
1596 05/10/2013 Property Taxes/Assessments (6.95) (99,410.04) GL
1446 05/13/2013 May A/P MUD 1 Tax shortage due to an o (159.35) (99,569.39) DENTON COUNTY TAX OFFICE 32531 AP
1599 05/15/2013 Property Taxes/Assessments (3.96) (99,573.35) GL
1600 05/16/2013 Property Taxes/Assessments (26.49) (99,599.84) GL
1601 05/17/2013 Property Taxes/Assessments (69.91) (99,669.75) GL
1602 05/20/2013 Property Taxes/Assessments (41.88) (99,711.63) GL
1603 05/21/2013 Property Taxes/Assessments (11.19) (99,722.82) GL
1604 05/22/2013 Property Taxes/Assessments (29.03) (99,751.85) GL
1605 05/23/2013 Property Taxes/Assessments (19.88) (99,771.73) GL
1606 05/24/2013 Property Taxes/Assessments (42.28) (99,814.01) GL
1607 05/28/2013 Property Taxes/Assessments (120.35) (99,934.36) GL
1608 05/29/2013 Property Taxes/Assessments (48.16) (99,982.52) GL
1609 05/30/2013 Property Taxes/Assessments (13.52) (99,996.04) GL
1610 05/31/2013 Property Taxes/Assessments (30.15) (100,026.19) GL
1678 05/31/2013 Overpmt tax refund 159.35 (99,866.84) GL
_______________
Account: 135-40000-000-000 Property Taxes Totals: (558.64) (99,866.84) **
(99,884.00) Budgeted (17.16) Remaining 100 % Used
Account: 135-40002-000-000 Property Taxes/Delinquent
1590 05/02/2013 Property Taxes/Assessments 381.99 (8.17) 373.82 GL
1446 05/13/2013 May A/P MUD 1 Tax shortage due to an o 997.88 1,371.70 DENTON COUNTY TAX OFFICE 32531 AP
1604 05/22/2013 Property Taxes/Assessments (2.13) 1,369.57 GL
1609 05/30/2013 Property Taxes/Assessments (.51) 1,369.06 GL
1678 05/31/2013 Overpmt tax refund (997.88) 371.18 GL
_______________
Account: 135-40002-000-000 Property Taxes/Delinquent Totals: (10.81) 371.18 **
(624.00) Budgeted (995.18) Remaining -59 % Used
Account: 135-40015-000-000 Property Taxes/P & I
1589 05/01/2013 Property Taxes/Assessments (695.90) (3.50) (699.40) GL
1590 05/02/2013 Property Taxes/Assessments (4.56) (703.96) GL
1590 05/02/2013 Property Taxes/Assessments (4.11) (708.07) GL
TCMUD#1 Page 160 of 294 Meeting Date: June 18, 2013
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20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 135 MUD 1 General Fund Department: Revenues Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
1593 05/07/2013 Property Taxes/Assessments (695.90) (2.54) (710.61) GL
1446 05/13/2013 May A/P MUD 1 Tax shortage due to an o (21.18) (731.79) DENTON COUNTY TAX OFFICE 32531 AP
1446 05/13/2013 May A/P MUD 1 Tax shortage due to an o (4.12) (735.91) DENTON COUNTY TAX OFFICE 32531 AP
1599 05/15/2013 Property Taxes/Assessments (.51) (736.42) GL
1600 05/16/2013 Property Taxes/Assessments (1.23) (737.65) GL
1601 05/17/2013 Property Taxes/Assessments (7.28) (744.93) GL
1602 05/20/2013 Property Taxes/Assessments (4.27) (749.20) GL
1604 05/22/2013 Property Taxes/Assessments (3.14) (752.34) GL
1604 05/22/2013 Property Taxes/Assessments (6.30) (758.64) GL
1606 05/24/2013 Property Taxes/Assessments (4.18) (762.82) GL
1607 05/28/2013 Property Taxes/Assessments (14.57) (777.39) GL
1608 05/29/2013 Property Taxes/Assessments (2.60) (779.99) GL
1609 05/30/2013 Property Taxes/Assessments (.16) (780.15) GL
1609 05/30/2013 Property Taxes/Assessments (.85) (781.00) GL
1610 05/31/2013 Property Taxes/Assessments (1.61) (782.61) GL
1678 05/31/2013 Overpmt tax refund 25.30 (757.31) GL
_______________
Account: 135-40015-000-000 Property Taxes/P & I Totals: (61.41) (757.31) **
(1,200.00) Budgeted (442.69) Remaining 63 % Used
Account: 135-47000-000-000 Water
1506 05/17/2013 Recode Feb-Apr Effluent CC (1,493,183.27) 4,808.70 (1,488,374.57) GL
1618 05/31/2013 UB 5/31/13 Charges UB20130531-20130531 User: (284,687.66) (1,773,062.23) UB
1619 05/31/2013 UB 5/31/13 Credit Adjustments UB20130531-20130531 User: (6,805.97) (1,779,868.20) UB
1695 05/31/2013 Recode Water/Out of District 309.51 (1,779,558.69) GL
1696 05/31/2013 Rev Recode Water/Out of Dist (309.51) (1,779,868.20) GL
1697 05/31/2013 Corr Recode Water/Out of Dist (309.51) (1,780,177.71) GL
_______________
Account: 135-47000-000-000 Water Totals: (286,994.44) (1,780,177.71) **
(3,545,609.00) Budgeted (1,765,431.29) Remaining 50 % Used
Account: 135-47005-000-000 Sewer
1618 05/31/2013 UB 5/31/13 Charges UB20130531-20130531 User: (946,337.56) (167,500.77) (1,113,838.33) UB
1619 05/31/2013 UB 5/31/13 Credit Adjustments UB20130531-20130531 User: 3,848.14 (1,109,990.19) UB
_______________
Account: 135-47005-000-000 Sewer Totals: (163,652.63) (1,109,990.19) **
(1,653,747.00) Budgeted (543,756.81) Remaining 67 % Used
Account: 135-47020-000-000 Standby
(149.90) .00 (149.90)
TCMUD#1 Page 161 of 294 Meeting Date: June 18, 2013
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20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 135 MUD 1 General Fund Department: Revenues Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
_______________
Account: 135-47020-000-000 Standby Totals: .00 (149.90) **
(576.00) Budgeted (426.10) Remaining 26 % Used
Account: 135-47025-000-000 Penalties
1467 05/14/2013 UB 5/14/13 Adjustments UB20130514-20130514 User: (29,435.15) 28.98 (29,406.17) UB
1519 05/21/2013 UB 5/21/13 Penalties UB20130521-20130521 User: (4,361.67) (33,767.84) UB
1520 05/21/2013 UB 5/21/13 Penalties UB20130521-20130521 User: (4,819.66) (38,587.50) UB
1537 05/21/2013 UB 5/21/13 Penalty Reversals UB20130521-20130521 User: 4,361.67 (34,225.83) UB
1566 05/29/2013 UB 05/29/2013 Adjustments UB20130529-20130529 User: 140.44 (34,085.39) UB
1616 05/30/2013 UB 5/30/13 Adjustments UB20130530-20130530 User: 265.11 (33,820.28) UB
1618 05/31/2013 UB 5/31/13 Charges UB20130531-20130531 User: (244.76) (34,065.04) UB
1619 05/31/2013 UB 5/31/13 Credit Adjustments UB20130531-20130531 User: (153.40) (34,218.44) UB
_______________
Account: 135-47025-000-000 Penalties Totals: (4,783.29) (34,218.44) **
(64,580.00) Budgeted (30,361.56) Remaining 53 % Used
Account: 135-47030-000-000 Service Charges
1489 05/03/2013 UB 5/3/13 Adjustments UB20130503-20130503 User: (7,247.94) (25.00) (7,272.94) UB
1491 05/06/2013 UB 5/6/13 Adjustments UB20130506-20130506 User: (25.00) (7,297.94) UB
1427 05/08/2013 UB 5/8/13 Cut Off Fees UB20130508-20130508 User: (750.00) (8,047.94) UB
1472 05/08/2013 UB 5/8/13 After hours Fee UB20130508-20130508 User: (100.00) (8,147.94) UB
1467 05/14/2013 UB 5/14/13 Adjustments UB20130514-20130514 User: 75.00 (8,072.94) UB
1567 05/20/2013 UB 5/20/13 Adjustment UB20130520-20130520 User: (25.00) (8,097.94) UB
1569 05/23/2013 UB 5/23/13 Adjustments UB20130523-20130523 User: (25.00) (8,122.94) UB
1618 05/31/2013 UB 5/31/13 Charges UB20130531-20130531 User: (28.00) (8,150.94) UB
1619 05/31/2013 UB 5/31/13 Credit Adjustments UB20130531-20130531 User: 18.12 (8,132.82) UB
_______________
Account: 135-47030-000-000 Service Charges Totals: (884.88) (8,132.82) **
(11,625.00) Budgeted (3,492.18) Remaining 70 % Used
Account: 135-47035-000-000 Plumbing Inspections
1475 05/15/2013 Town Billing Inv 1021-1029 AR 20130501-20130515 User: (500.00) (50.00) (550.00) AR
1656 05/31/2013 Town Invoice 1036-38 AR 20130531-20130531 User: (150.00) (700.00) AR
_______________
Account: 135-47035-000-000 Plumbing Inspections Totals: (200.00) (700.00) **
(1,800.00) Budgeted (1,100.00) Remaining 39 % Used
Account: 135-47045-000-000 Sewer Inspections
TCMUD#1 Page 162 of 294 Meeting Date: June 18, 2013
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20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 135 MUD 1 General Fund Department: Revenues Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
1475 05/15/2013 Town Billing Inv 1021-1029 AR 20130501-20130515 User: (1,950.00) (150.00) (2,100.00) AR
1656 05/31/2013 Town Invoice 1036-38 AR 20130531-20130531 User: (450.00) (2,550.00) AR
_______________
Account: 135-47045-000-000 Sewer Inspections Totals: (600.00) (2,550.00) **
(5,200.00) Budgeted (2,650.00) Remaining 49 % Used
Account: 135-47070-000-000 TCCC Effluent Charges
1504 05/17/2013 UB 5/17/13 Adjustment UB20130517-20130517 User: (12,578.15) 4,417.21 (8,160.94) UB
1506 05/17/2013 Recode Feb-Apr Effluent CC (4,808.70) (12,969.64) GL
1618 05/31/2013 UB 5/31/13 Charges UB20130531-20130531 User: (9,390.50) (22,360.14) UB
1619 05/31/2013 UB 5/31/13 Credit Adjustments UB20130531-20130531 User: 1,584.05 (20,776.09) UB
_______________
Account: 135-47070-000-000 TCCC Effluent Charges Totals: (8,197.94) (20,776.09) **
(77,575.00) Budgeted (56,798.91) Remaining 27 % Used
Account: 135-47400-000-000 Water-Out of Dist/Port Meters
1612 05/30/2013 UB 5/30/2013 Adjustment UB20130530-20130530 User: (300.00) (300.00) UB
1619 05/31/2013 UB 5/31/13 Credit Adjustments UB20130531-20130531 User: (9.51) (309.51) UB
1695 05/31/2013 Recode Water/Out of District (309.51) (619.02) GL
1696 05/31/2013 Rev Recode Water/Out of Dist 309.51 (309.51) GL
1697 05/31/2013 Corr Recode Water/Out of Dist 309.51 .00 GL
_______________
Account: 135-47400-000-000 Water-Out of Dist/Port Meters Totals: .00 .00 **
.00 Budgeted .00 Remaining 0 % Used
Account: 135-48005-000-000 Utility Fees
1475 05/15/2013 Town Billing Inv 1021-1029 AR 20130501-20130515 User: (184,000.00) (66,700.00) (250,700.00) AR
1656 05/31/2013 Town Invoice 1036-38 AR 20130531-20130531 User: (96,600.00) (347,300.00) AR
_______________
Account: 135-48005-000-000 Utility Fees Totals: (163,300.00) (347,300.00) **
(644,000.00) Budgeted (296,700.00) Remaining 54 % Used
Account: 135-49010-000-000 Interest Income
1583 05/31/2013 May bank interest (3,112.01) (64.26) (3,176.27) GL
1583 05/31/2013 May bank interest (207.83) (3,384.10) GL
_______________
Account: 135-49010-000-000 Interest Income Totals: (272.09) (3,384.10) **
(5,500.00) Budgeted (2,115.90) Remaining 62 % Used
TCMUD#1 Page 163 of 294 Meeting Date: June 18, 2013
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20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 135 MUD 1 General Fund Department: Revenues Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
Account: 135-49016-000-000 Cell Tower Revenue
1497 05/09/2013 AT&T Antenna Lease/May (6,310.18) (910.53) (7,220.71) GL
_______________
Account: 135-49016-000-000 Cell Tower Revenue Totals: (910.53) (7,220.71) **
(10,164.00) Budgeted (2,943.29) Remaining 71 % Used
Account: 135-49018-000-000 Building Rent Income
1481 05/16/2013 Town Billing Inv. # 1030 AR 20130516-20130516 User: (4,083.31) (583.33) (4,666.64) AR
_______________
Account: 135-49018-000-000 Building Rent Income Totals: (583.33) (4,666.64) **
(7,000.00) Budgeted (2,333.36) Remaining 67 % Used
Account: 135-49030-000-000 Vending Revenue
1498 05/09/2013 WWTP Vending (48.31) (79.40) (127.71) GL
1540 05/23/2013 Vending-collection barn (189.75) (317.46) GL
_______________
Account: 135-49030-000-000 Vending Revenue Totals: (269.15) (317.46) **
(350.00) Budgeted (32.54) Remaining 91 % Used
Account: 135-49035-000-000 Prior Year Reserves
.00 .00
_______________
Account: 135-49035-000-000 Prior Year Reserves Totals: .00 .00 **
(234,014.00) Budgeted (234,014.00) Remaining 0 % Used
Account: 135-49075-000-000 Oversize Meter Reimbursement
1475 05/15/2013 Town Billing Inv 1021-1029 AR 20130501-20130515 User: (30,543.69) (9,827.00) (40,370.69) AR
1656 05/31/2013 Town Invoice 1036-38 AR 20130531-20130531 User: (14,265.00) (54,635.69) AR
_______________
Account: 135-49075-000-000 Oversize Meter Reimbursement Totals: (24,092.00) (54,635.69) **
(73,000.00) Budgeted (18,364.31) Remaining 75 % Used
Account: 135-49141-000-000 Interfund Trans In (Cap Proj)
(38,101.42) .00 (38,101.42)
_______________
Account: 135-49141-000-000 Interfund Trans In (Cap Proj) Totals: .00 (38,101.42) **
(38,101.00) Budgeted .42 Remaining 100 % Used
TCMUD#1 Page 164 of 294 Meeting Date: June 18, 2013
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20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 135 MUD 1 General Fund Department: Revenues Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
Account: 135-49900-000-000 Miscellaneous Income
1629 05/09/2013 Deposit correction UB (14,746.44) (.10) (14,746.54) GL
1499 05/16/2013 UB Cash drawer/Misc income (3.84) (14,750.38) GL
1541 05/23/2013 WWTP Salvage (97.50) (14,847.88) GL
_______________
Account: 135-49900-000-000 Miscellaneous Income Totals: (101.44) (14,847.88) **
(13,213.00) Budgeted 1,634.88 Remaining 112 % Used
Account: 135-49901-000-000 Records Management Revenue
1501 05/17/2013 Bernard Newsom/Open Records (109.00) (20.00) (129.00) GL
1525 05/22/2013 May A/P Refund-Public Information requ 101.40 (27.60) Bill Rose 32595 AP
1534 05/23/2013 Open Records/D Mayer (3.70) (31.30) GL
_______________
Account: 135-49901-000-000 Records Management Revenue Totals: 77.70 (31.30) **
(109.00) Budgeted (77.70) Remaining 29 % Used
Account: 135-49903-000-000 Recovery of Prior Year Expense
1451 05/01/2013 Correct P/Y Due to Town/Medica True up 9/30/10 PPD Medical (2,117.50) (9,671.83) (11,789.33) GL
_______________
Account: 135-49903-000-000 Recovery of Prior Year Expense Totals: (9,671.83) (11,789.33) **
.00 Budgeted 11,789.33 Remaining 0 % Used
Account: 135-49905-000-000 Gas Well Revenue
(545.71) .00 (545.71)
_______________
Account: 135-49905-000-000 Gas Well Revenue Totals: .00 (545.71) **
(286.00) Budgeted 259.71 Remaining 191 % Used
Department Totals: ------------------------------------------------------------------------------------------------ (3,539,788.36) **
(6,488,157.00) Budgeted (2,948,368.64) Remaining 55 % Used
TCMUD#1 Page 165 of 294 Meeting Date: June 18, 2013
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20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 135 MUD 1 General Fund Department: 10 Water Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
Account: 135-50005-010-000 Salaries & Wages
1420 05/10/2013 Payroll 5/10/13 Salaries & Wages 94,153.50 6,715.52 100,869.02 PR
1521 05/24/2013 Payroll 5/24/13 Salaries & Wages 6,715.52 107,584.54 PR
_______________
Account: 135-50005-010-000 Salaries & Wages Totals: 13,431.04 107,584.54 **
213,321.00 Budgeted 105,736.46 Remaining 50 % Used
Account: 135-50010-010-000 Overtime
1420 05/10/2013 Payroll 5/10/13 Overtime 8,553.65 179.05 8,732.70 PR
1521 05/24/2013 Payroll 5/24/13 Overtime 294.83 9,027.53 PR
_______________
Account: 135-50010-010-000 Overtime Totals: 473.88 9,027.53 **
19,250.00 Budgeted 10,222.47 Remaining 47 % Used
Account: 135-50016-010-000 Longevity
3,080.00 .00 3,080.00
_______________
Account: 135-50016-010-000 Longevity Totals: .00 3,080.00 **
3,080.00 Budgeted .00 Remaining 100 % Used
Account: 135-50017-010-000 Certification
1521 05/24/2013 Payroll 5/24/13 Certification 2,625.00 375.00 3,000.00 PR
_______________
Account: 135-50017-010-000 Certification Totals: 375.00 3,000.00 **
5,100.00 Budgeted 2,100.00 Remaining 59 % Used
Account: 135-50020-010-000 Retirement
1420 05/10/2013 Payroll 5/10/13 Retirement 37,923.84 619.14 38,542.98 PR
1521 05/24/2013 Payroll 5/24/13 Retirement 663.19 39,206.17 PR
_______________
Account: 135-50020-010-000 Retirement Totals: 1,282.33 39,206.17 **
57,748.00 Budgeted 18,541.83 Remaining 68 % Used
Account: 135-50026-010-000 Medical Insurance
1420 05/10/2013 Payroll 5/10/13 Medical Insurance 13,507.60 1,057.00 14,564.60 PR
1521 05/24/2013 Payroll 5/24/13 Medical Insurance 1,056.96 15,621.56 PR
_______________
Account: 135-50026-010-000 Medical Insurance Totals: 2,113.96 15,621.56 **
28,920.00 Budgeted 13,298.44 Remaining 54 % Used
TCMUD#1 Page 166 of 294 Meeting Date: June 18, 2013
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20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 135 MUD 1 General Fund Department: 10 Water Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
Account: 135-50027-010-000 Dental Insurance
1420 05/10/2013 Payroll 5/10/13 Dental Insurance 980.38 72.76 1,053.14 PR
1521 05/24/2013 Payroll 5/24/13 Dental Insurance 72.75 1,125.89 PR
_______________
Account: 135-50027-010-000 Dental Insurance Totals: 145.51 1,125.89 **
2,091.00 Budgeted 965.11 Remaining 54 % Used
Account: 135-50028-010-000 Vision Insurance
1420 05/10/2013 Payroll 5/10/13 Vision Insurance 230.80 16.96 247.76 PR
1521 05/24/2013 Payroll 5/24/13 Vision Insurance 16.95 264.71 PR
_______________
Account: 135-50028-010-000 Vision Insurance Totals: 33.91 264.71 **
519.00 Budgeted 254.29 Remaining 51 % Used
Account: 135-50029-010-000 Life Insurance & Other
1420 05/10/2013 Payroll 5/10/13 Life Insurance & Other 856.31 74.31 930.62 PR
1525 05/22/2013 May A/P FSA-Monthly Adm 15.75 946.37 Discovery Benefits 32599 AP
_______________
Account: 135-50029-010-000 Life Insurance & Other Totals: 90.06 946.37 **
1,532.00 Budgeted 585.63 Remaining 62 % Used
Account: 135-50030-010-000 Social Security Taxes
1420 05/10/2013 Payroll 5/10/13 Social Security Taxes 6,838.19 418.11 7,256.30 PR
1521 05/24/2013 Payroll 5/24/13 Social Security Taxes 447.05 7,703.35 PR
_______________
Account: 135-50030-010-000 Social Security Taxes Totals: 865.16 7,703.35 **
14,555.00 Budgeted 6,851.65 Remaining 53 % Used
Account: 135-50035-010-000 Medicare Taxes
1420 05/10/2013 Payroll 5/10/13 Medicare Taxes 1,599.25 97.78 1,697.03 PR
1521 05/24/2013 Payroll 5/24/13 Medicare Taxes 104.56 1,801.59 PR
_______________
Account: 135-50035-010-000 Medicare Taxes Totals: 202.34 1,801.59 **
3,404.00 Budgeted 1,602.41 Remaining 53 % Used
Account: 135-50040-010-000 Unemployment Taxes
1485 05/17/2013 1st Qtr Town TWC Correction 297.16 (252.15) 45.01 GL
TCMUD#1 Page 167 of 294 Meeting Date: June 18, 2013
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20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 135 MUD 1 General Fund Department: 10 Water Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
_______________
Account: 135-50040-010-000 Unemployment Taxes Totals: (252.15) 45.01 **
945.00 Budgeted 899.99 Remaining 5 % Used
Account: 135-50045-010-000 Workman's Compensation
1495 05/14/2013 Town Bill-W/C Audit Refnd 2012 6,292.65 (2,532.00) 3,760.65 GL
_______________
Account: 135-50045-010-000 Workman's Compensation Totals: (2,532.00) 3,760.65 **
6,109.00 Budgeted 2,348.35 Remaining 62 % Used
Account: 135-50060-010-000 Pre-emp Physicals/Testing
1679 05/31/2013 May A/P Pre-employment background chec 63.00 30.95 93.95 FIRST CHECK APPLICANT SCREENIN 32649 AP
_______________
Account: 135-50060-010-000 Pre-emp Physicals/Testing Totals: 30.95 93.95 **
200.00 Budgeted 106.05 Remaining 47 % Used
Account: 135-50070-010-000 Employee Relations
1644 05/26/2013 4/27-5/26 PCards SPLIT - 13550070010 (25%) 99.46 12.05 111.51 FUZZY'S TACO SHOP PC
_______________
Account: 135-50070-010-000 Employee Relations Totals: 12.05 111.51 **
350.00 Budgeted 238.49 Remaining 32 % Used
Account: 135-55005-010-000 Engineering
.00 .00
_______________
Account: 135-55005-010-000 Engineering Totals: .00 .00 **
2,000.00 Budgeted 2,000.00 Remaining 0 % Used
Account: 135-55080-010-000 Maintenance & Repairs
1447 05/13/2013 May A/P bolt 22,755.10 75.00 22,830.10 HD SUPPLY WATERWORKS, LTD. 32540 AP
1455 05/14/2013 May A/P softwarer for generator at wat 641.97 23,472.07 WAUKESHA-PEARCE INDUSTRIES INC 32587 AP
_______________
Account: 135-55080-010-000 Maintenance & Repairs Totals: 716.97 23,472.07 **
50,000.00 Budgeted 26,527.93 Remaining 47 % Used
Account: 135-55090-010-000 Vehicle Maintenance
1526 05/22/2013 May A/P MUD logos on vehicles 2,884.92 595.00 3,479.92 AUTO DESIGNS 32594 AP
TCMUD#1 Page 168 of 294 Meeting Date: June 18, 2013
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20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 135 MUD 1 General Fund Department: 10 Water Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
1679 05/31/2013 May A/P Tire for Jennifer's truck 2,884.92 157.82 3,637.74 BLAGG TIRE & SERVICE 32643 AP
_______________
Account: 135-55090-010-000 Vehicle Maintenance Totals: 752.82 3,637.74 **
4,650.00 Budgeted 1,012.26 Remaining 78 % Used
Account: 135-55105-010-000 Maintenance-Backhoe/SkidLoader
1,767.04 .00 1,767.04
_______________
Account: 135-55105-010-000 Maintenance-Backhoe/SkidLoader Totals: .00 1,767.04 **
2,900.00 Budgeted 1,132.96 Remaining 61 % Used
Account: 135-55135-010-000 Lab Analysis
1447 05/13/2013 May A/P bac t sample test 3,348.81 405.00 3,753.81 TARRANT CTY PUBLIC HEALTH LAB 32564 AP
_______________
Account: 135-55135-010-000 Lab Analysis Totals: 405.00 3,753.81 **
5,384.00 Budgeted 1,630.19 Remaining 70 % Used
Account: 135-60010-010-000 Communications/Pagers/Mobiles
1525 05/22/2013 May A/P Verizon Inv#9703714888 878.96 175.00 1,053.96 TOWN OF TROPHY CLUB 32615 AP
_______________
Account: 135-60010-010-000 Communications/Pagers/Mobiles Totals: 175.00 1,053.96 **
2,000.00 Budgeted 946.04 Remaining 53 % Used
Account: 135-60020-010-000 Electricity
1525 05/22/2013 May A/P Electricity 4/15-5/14 55,183.94 5,876.02 61,059.96 HUDSON ENERGY SERVICES, LLC 32602 AP
1525 05/22/2013 May A/P Town elevated tank electricity 83.62 61,143.58 HUDSON ENERGY SERVICES, LLC 32602 AP
1525 05/22/2013 May A/P Electricity 4/15-5/14 3,991.75 65,135.33 HUDSON ENERGY SERVICES, LLC 32602 AP
_______________
Account: 135-60020-010-000 Electricity Totals: 9,951.39 65,135.33 **
162,410.00 Budgeted 97,274.67 Remaining 40 % Used
Account: 135-60066-010-000 Publications/Books/Subscripts
.00 .00
_______________
Account: 135-60066-010-000 Publications/Books/Subscripts Totals: .00 .00 **
500.00 Budgeted 500.00 Remaining 0 % Used
Account: 135-60070-010-000 Dues & Memberships
TCMUD#1 Page 169 of 294 Meeting Date: June 18, 2013
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20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 135 MUD 1 General Fund Department: 10 Water Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
150.00 .00 150.00
_______________
Account: 135-60070-010-000 Dues & Memberships Totals: .00 150.00 **
150.00 Budgeted .00 Remaining 100 % Used
Account: 135-60080-010-000 Schools & Training
351.00 .00 351.00
_______________
Account: 135-60080-010-000 Schools & Training Totals: .00 351.00 **
1,472.00 Budgeted 1,121.00 Remaining 24 % Used
Account: 135-60090-010-000 Safety Program
.00 .00
_______________
Account: 135-60090-010-000 Safety Program Totals: .00 .00 **
400.00 Budgeted 400.00 Remaining 0 % Used
Account: 135-60100-010-000 Travel & per diem
551.69 .00 551.69
_______________
Account: 135-60100-010-000 Travel & per diem Totals: .00 551.69 **
800.00 Budgeted 248.31 Remaining 69 % Used
Account: 135-60105-010-000 Rent/Lease Equipment
1455 05/14/2013 May A/P nitrogen bottle 12.00 6.00 18.00 ALLIED WELDING SUPPLY, INC 32577 AP
_______________
Account: 135-60105-010-000 Rent/Lease Equipment Totals: 6.00 18.00 **
500.00 Budgeted 482.00 Remaining 4 % Used
Account: 135-60125-010-000 Advertising
1447 05/13/2013 May A/P employemnt ad-utility field wo 150.00 150.00 TX MUNICIPAL LEAGUE 32572 AP
_______________
Account: 135-60125-010-000 Advertising Totals: 150.00 150.00 **
.00 Budgeted (150.00) Remaining 0 % Used
Account: 135-60135-010-000 TCEQ Fees & Permits
1447 05/13/2013 May A/P july 2012 well water tax 40,524.75 2,769.00 43,293.75 North Texas Groundwater 32551 AP
TCMUD#1 Page 170 of 294 Meeting Date: June 18, 2013
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20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 135 MUD 1 General Fund Department: 10 Water Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
_______________
Account: 135-60135-010-000 TCEQ Fees & Permits Totals: 2,769.00 43,293.75 **
42,743.00 Budgeted (550.75) Remaining 101 % Used
Account: 135-60150-010-000 Wholesale Water
1447 05/13/2013 May A/P wholesale water-april 583,010.08 121,968.86 704,978.94 CITY OF FORT WORTH 32525 AP
1577 05/31/2013 May A/P April Wholesale Water 125,542.50 830,521.44 CITY OF FORT WORTH 32646 AP
_______________
Account: 135-60150-010-000 Wholesale Water Totals: 247,511.36 830,521.44 **
2,028,447.00 Budgeted 1,197,925.56 Remaining 41 % Used
Account: 135-60243-010-000 Prior Year Expense
756.00 .00 756.00
_______________
Account: 135-60243-010-000 Prior Year Expense Totals: .00 756.00 **
756.00 Budgeted .00 Remaining 100 % Used
Account: 135-60245-010-000 Miscellaneous Expenses
.00 .00
_______________
Account: 135-60245-010-000 Miscellaneous Expenses Totals: .00 .00 **
200.00 Budgeted 200.00 Remaining 0 % Used
Account: 135-60280-010-000 Property Maintenance
1644 05/26/2013 4/27-5/26 PCards THE HOME DEPOT 6581 833.54 32.58 866.12 THE HOME DEPOT 6581 PC
1644 05/26/2013 4/27-5/26 PCards TEX-TURF 15.00 881.12 TEX-TURF PC
1574 05/30/2013 May A/P fence repair 51.31 932.43 SAV ON FENCE INC 32632 AP
_______________
Account: 135-60280-010-000 Property Maintenance Totals: 98.89 932.43 **
4,200.00 Budgeted 3,267.57 Remaining 22 % Used
Account: 135-60285-010-000 Lawn Equipment & Maintenance
.00 .00
_______________
Account: 135-60285-010-000 Lawn Equipment & Maintenance Totals: .00 .00 **
250.00 Budgeted 250.00 Remaining 0 % Used
Account: 135-60360-010-000 Furniture/Equipment < $5000
TCMUD#1 Page 171 of 294 Meeting Date: June 18, 2013
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20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 135 MUD 1 General Fund Department: 10 Water Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
38.99 .00 38.99
_______________
Account: 135-60360-010-000 Furniture/Equipment < $5000 Totals: .00 38.99 **
500.00 Budgeted 461.01 Remaining 8 % Used
Account: 135-65005-010-000 Fuel & Lube
1525 05/22/2013 May A/P Oil for pumps @ water plant 6,626.70 869.80 7,496.50 LUBRICATION ENGINEERS, INC 32606 AP
1644 05/26/2013 4/27-5/26 PCards SHELL OIL 57545832404 57.87 7,554.37 SHELL OIL 57545832404 PC
1644 05/26/2013 4/27-5/26 PCards CHEVRON 0204503 46.99 7,601.36 CHEVRON 0204503 PC
_______________
Account: 135-65005-010-000 Fuel & Lube Totals: 974.66 7,601.36 **
17,661.00 Budgeted 10,059.64 Remaining 43 % Used
Account: 135-65010-010-000 Uniforms
1,617.82 .00 1,617.82
_______________
Account: 135-65010-010-000 Uniforms Totals: .00 1,617.82 **
2,680.00 Budgeted 1,062.18 Remaining 60 % Used
Account: 135-65030-010-000 Chemicals
1447 05/13/2013 May A/P testing supplies 2,430.10 565.89 2,995.99 HACH COMPANY 32538 AP
1644 05/26/2013 4/27-5/26 PCards DX SERVICE 208.18 3,204.17 DX SERVICE PC
_______________
Account: 135-65030-010-000 Chemicals Totals: 774.07 3,204.17 **
6,200.00 Budgeted 2,995.83 Remaining 52 % Used
Account: 135-65035-010-000 Small Tools
267.19 .00 267.19
_______________
Account: 135-65035-010-000 Small Tools Totals: .00 267.19 **
1,500.00 Budgeted 1,232.81 Remaining 18 % Used
Account: 135-65040-010-000 Safety Equipment
256.82 .00 256.82
_______________
Account: 135-65040-010-000 Safety Equipment Totals: .00 256.82 **
1,000.00 Budgeted 743.18 Remaining 26 % Used
TCMUD#1 Page 172 of 294 Meeting Date: June 18, 2013
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20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 135 MUD 1 General Fund Department: 10 Water Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
Account: 135-65050-010-000 Meter Expense
1455 05/14/2013 May A/P 1" meters w/ orions 99,233.00 47,824.25 147,057.25 ATLAS UTILITY SUPPLY CO. 32578 AP
_______________
Account: 135-65050-010-000 Meter Expense Totals: 47,824.25 147,057.25 **
143,550.00 Budgeted (3,507.25) Remaining 102 % Used
Account: 135-65085-010-000 Office Supplies
109.68 .00 109.68
_______________
Account: 135-65085-010-000 Office Supplies Totals: .00 109.68 **
.00 Budgeted (109.68) Remaining 0 % Used
Account: 135-69005-010-000 Capital Expenses
1525 05/22/2013 May A/P Roundabout engineering (1,094.96) 2,194.16 1,099.20 TEAGUE, NALL & PERKINS,INC 32614 AP
1547 05/22/2013 Void A/P Check 32614/TN&P Roundabout engineering (2,194.16) (1,094.96) TEAGUE, NALL & PERKINS,INC 32614 AP
_______________
Account: 135-69005-010-000 Capital Expenses Totals: .00 (1,094.96) **
8,000.00 Budgeted 9,094.96 Remaining -14 % Used
Account: 135-69008-010-000 Short Term Debt-Principal
.00 .00
_______________
Account: 135-69008-010-000 Short Term Debt-Principal Totals: .00 .00 **
366,000.00 Budgeted 366,000.00 Remaining 0 % Used
Account: 135-69009-010-000 Short Term Debt-Interest
10,376.98 .00 10,376.98
_______________
Account: 135-69009-010-000 Short Term Debt-Interest Totals: .00 10,376.98 **
21,037.00 Budgeted 10,660.02 Remaining 49 % Used
Account: 135-69195-010-000 Gasb34/Reserve for Replacement
1588 05/31/2013 Transfer GASB 34 Replacement Water replacement 30,000.00 30,000.00 GL
_______________
Account: 135-69195-010-000 Gasb34/Reserve for Replacement Totals: 30,000.00 30,000.00 **
30,000.00 Budgeted .00 Remaining 100 % Used
Account: 135-69280-010-000 Capital Repairs
TCMUD#1 Page 173 of 294 Meeting Date: June 18, 2013
.
glpdatb2 rgonzale Trophy Club MUD #1 Page 29
20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 135 MUD 1 General Fund Department: 10 Water Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
59,869.00 .00 59,869.00
_______________
Account: 135-69280-010-000 Capital Repairs Totals: .00 59,869.00 **
60,000.00 Budgeted 131.00 Remaining 100 % Used
Account: 135-69281-010-000 Capital Repair-Ground Storage
100,816.54 .00 100,816.54
_______________
Account: 135-69281-010-000 Capital Repair-Ground Storage Totals: .00 100,816.54 **
100,900.00 Budgeted 83.46 Remaining 100 % Used
Department 10 Totals: ------------------------------------------------------------------------------------------------ 1,529,037.93 **
3,425,914.00 Budgeted 1,896,876.07 Remaining 45 % Used
TCMUD#1 Page 174 of 294 Meeting Date: June 18, 2013
.
glpdatb2 rgonzale Trophy Club MUD #1 Page 30
20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 135 MUD 1 General Fund Department: 20 Wastewater Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
Account: 135-50005-020-000 Salaries & Wages
1420 05/10/2013 Payroll 5/10/13 Salaries & Wages 103,628.79 6,034.07 109,662.86 PR
1521 05/24/2013 Payroll 5/24/13 Salaries & Wages 6,034.07 115,696.93 PR
_______________
Account: 135-50005-020-000 Salaries & Wages Totals: 12,068.14 115,696.93 **
196,781.00 Budgeted 81,084.07 Remaining 59 % Used
Account: 135-50010-020-000 Overtime
1420 05/10/2013 Payroll 5/10/13 Overtime 7,748.44 208.06 7,956.50 PR
1521 05/24/2013 Payroll 5/24/13 Overtime 400.86 8,357.36 PR
_______________
Account: 135-50010-020-000 Overtime Totals: 608.92 8,357.36 **
17,546.00 Budgeted 9,188.64 Remaining 48 % Used
Account: 135-50016-020-000 Longevity
2,857.50 .00 2,857.50
_______________
Account: 135-50016-020-000 Longevity Totals: .00 2,857.50 **
2,858.00 Budgeted .50 Remaining 100 % Used
Account: 135-50017-020-000 Certification
1521 05/24/2013 Payroll 5/24/13 Certification 2,400.00 300.00 2,700.00 PR
_______________
Account: 135-50017-020-000 Certification Totals: 300.00 2,700.00 **
4,200.00 Budgeted 1,500.00 Remaining 64 % Used
Account: 135-50020-020-000 Retirement
1420 05/10/2013 Payroll 5/10/13 Retirement 38,778.92 560.55 39,339.47 PR
1521 05/24/2013 Payroll 5/24/13 Retirement 604.79 39,944.26 PR
_______________
Account: 135-50020-020-000 Retirement Totals: 1,165.34 39,944.26 **
54,844.00 Budgeted 14,899.74 Remaining 73 % Used
Account: 135-50026-020-000 Medical Insurance
1420 05/10/2013 Payroll 5/10/13 Medical Insurance 19,626.33 1,382.37 21,008.70 PR
1521 05/24/2013 Payroll 5/24/13 Medical Insurance 1,382.37 22,391.07 PR
_______________
Account: 135-50026-020-000 Medical Insurance Totals: 2,764.74 22,391.07 **
29,034.00 Budgeted 6,642.93 Remaining 77 % Used
TCMUD#1 Page 175 of 294 Meeting Date: June 18, 2013
.
glpdatb2 rgonzale Trophy Club MUD #1 Page 31
20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 135 MUD 1 General Fund Department: 20 Wastewater Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
Account: 135-50027-020-000 Dental Insurance
1420 05/10/2013 Payroll 5/10/13 Dental Insurance 1,400.96 97.79 1,498.75 PR
1521 05/24/2013 Payroll 5/24/13 Dental Insurance 97.77 1,596.52 PR
_______________
Account: 135-50027-020-000 Dental Insurance Totals: 195.56 1,596.52 **
2,112.00 Budgeted 515.48 Remaining 76 % Used
Account: 135-50028-020-000 Vision Insurance
1420 05/10/2013 Payroll 5/10/13 Vision Insurance 351.11 20.59 371.70 PR
1521 05/24/2013 Payroll 5/24/13 Vision Insurance 20.56 392.26 PR
_______________
Account: 135-50028-020-000 Vision Insurance Totals: 41.15 392.26 **
552.00 Budgeted 159.74 Remaining 71 % Used
Account: 135-50029-020-000 Life Insurance & Other
1420 05/10/2013 Payroll 5/10/13 Life Insurance & Other 927.91 64.17 992.08 PR
1525 05/22/2013 May A/P FSA-Monthly Adm 15.75 1,007.83 Discovery Benefits 32599 AP
_______________
Account: 135-50029-020-000 Life Insurance & Other Totals: 79.92 1,007.83 **
1,377.00 Budgeted 369.17 Remaining 73 % Used
Account: 135-50030-020-000 Social Security Taxes
1420 05/10/2013 Payroll 5/10/13 Social Security Taxes 6,458.19 326.05 6,784.24 PR
1521 05/24/2013 Payroll 5/24/13 Social Security Taxes 353.16 7,137.40 PR
_______________
Account: 135-50030-020-000 Social Security Taxes Totals: 679.21 7,137.40 **
13,268.00 Budgeted 6,130.60 Remaining 54 % Used
Account: 135-50035-020-000 Medicare Taxes
1420 05/10/2013 Payroll 5/10/13 Medicare Taxes 1,510.37 76.25 1,586.62 PR
1521 05/24/2013 Payroll 5/24/13 Medicare Taxes 82.60 1,669.22 PR
_______________
Account: 135-50035-020-000 Medicare Taxes Totals: 158.85 1,669.22 **
3,103.00 Budgeted 1,433.78 Remaining 54 % Used
Account: 135-50040-020-000 Unemployment Taxes
1485 05/17/2013 1st Qtr Town TWC Correction 309.05 (263.64) 45.41 GL
TCMUD#1 Page 176 of 294 Meeting Date: June 18, 2013
.
glpdatb2 rgonzale Trophy Club MUD #1 Page 32
20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 135 MUD 1 General Fund Department: 20 Wastewater Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
_______________
Account: 135-50040-020-000 Unemployment Taxes Totals: (263.64) 45.41 **
756.00 Budgeted 710.59 Remaining 6 % Used
Account: 135-50045-020-000 Workman's Compensation
1495 05/14/2013 Town Bill-W/C Audit Refnd 2012 5,409.27 551.00 5,960.27 GL
_______________
Account: 135-50045-020-000 Workman's Compensation Totals: 551.00 5,960.27 **
2,939.00 Budgeted (3,021.27) Remaining 203 % Used
Account: 135-50060-020-000 Pre-emp Physicals/Testing
126.00 .00 126.00
_______________
Account: 135-50060-020-000 Pre-emp Physicals/Testing Totals: .00 126.00 **
150.00 Budgeted 24.00 Remaining 84 % Used
Account: 135-50070-020-000 Employee Relations
1644 05/26/2013 4/27-5/26 PCards SPLIT - 13550070020 (25%) 79.18 12.05 91.23 FUZZY'S TACO SHOP PC
_______________
Account: 135-50070-020-000 Employee Relations Totals: 12.05 91.23 **
350.00 Budgeted 258.77 Remaining 26 % Used
Account: 135-55070-020-000 Independent Labor
1447 05/13/2013 May A/P wwtp study and survey 66,000.00 9,560.00 75,560.00 THE WALLACE GROUP, INC. 32568 AP
1679 05/31/2013 May A/P WWTP 1,940.00 77,500.00 THE WALLACE GROUP, INC. 32685 AP
_______________
Account: 135-55070-020-000 Independent Labor Totals: 11,500.00 77,500.00 **
84,418.00 Budgeted 6,918.00 Remaining 92 % Used
Account: 135-55080-020-000 Maintenance & Repairs
1447 05/13/2013 May A/P belt steering spring 40,193.05 28.22 40,221.27 ASHBROOK SIMON-HARTLEY 32522 AP
1447 05/13/2013 May A/P steering spring 28.22 40,249.49 ASHBROOK SIMON-HARTLEY 32522 AP
1447 05/13/2013 May A/P blower motor and repair 1,830.00 42,079.49 CONTINENTAL RELIABILITY LLC 32527 AP
1644 05/26/2013 4/27-5/26 PCards THE HOME DEPOT 6581 9.02 42,088.51 THE HOME DEPOT 6581 PC
_______________
Account: 135-55080-020-000 Maintenance & Repairs Totals: 1,895.46 42,088.51 **
41,205.00 Budgeted (883.51) Remaining 102 % Used
TCMUD#1 Page 177 of 294 Meeting Date: June 18, 2013
.
glpdatb2 rgonzale Trophy Club MUD #1 Page 33
20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 135 MUD 1 General Fund Department: 20 Wastewater Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
Account: 135-55090-020-000 Vehicle Maintenance
1447 05/13/2013 May A/P backhoe repair 3,633.13 1,150.77 4,783.90 LANDMARK EQUIPMENT, INC 32545 AP
1475 05/15/2013 Town Billing Inv 1021-1029 AR 20130501-20130515 User: (575.37) 4,208.53 AR
1526 05/22/2013 May A/P MUD logos on vehicles 170.00 4,378.53 AUTO DESIGNS 32594 AP
1644 05/26/2013 4/27-5/26 PCards AUTOZONE #4206 11.98 4,390.51 AUTOZONE #4206 PC
1644 05/26/2013 4/27-5/26 PCards KWIK KAR OF GRAPEVINE 127.45 4,517.96 KWIK KAR OF GRAPEVINE PC
_______________
Account: 135-55090-020-000 Vehicle Maintenance Totals: 884.83 4,517.96 **
3,350.00 Budgeted (1,167.96) Remaining 135 % Used
Account: 135-55105-020-000 Maintenance-Backhoe/SkidLoader
1,080.96 .00 1,080.96
_______________
Account: 135-55105-020-000 Maintenance-Backhoe/SkidLoader Totals: .00 1,080.96 **
1,500.00 Budgeted 419.04 Remaining 72 % Used
Account: 135-55125-020-000 Dumpster Services
1447 05/13/2013 May A/P sludge haul off 26,248.37 1,862.93 28,111.30 L.H. CHANEY MATERIALS, INC. 32544 AP
1447 05/13/2013 May A/P sludge haul off 2,673.81 30,785.11 L.H. CHANEY MATERIALS, INC. 32544 AP
1679 05/31/2013 May A/P sludge haul off 2,676.90 33,462.01 L.H. CHANEY MATERIALS, INC. 32659 AP
1679 05/31/2013 May A/P longofill bags 525.00 33,987.01 ANDRITZ SEPARATION INC 32640 AP
_______________
Account: 135-55125-020-000 Dumpster Services Totals: 7,738.64 33,987.01 **
49,611.00 Budgeted 15,623.99 Remaining 69 % Used
Account: 135-55135-020-000 Lab Analysis
1447 05/13/2013 May A/P lab testing supplies 15,827.65 176.00 16,003.65 OXIDOR LABORATORIES LLC 32552 AP
1447 05/13/2013 May A/P lab testing supplies 176.00 16,179.65 OXIDOR LABORATORIES LLC 32552 AP
1447 05/13/2013 May A/P lab testing 243.00 16,422.65 OXIDOR LABORATORIES LLC 32552 AP
1447 05/13/2013 May A/P lab testing 243.00 16,665.65 OXIDOR LABORATORIES LLC 32552 AP
1458 05/14/2013 May A/P lab testing 243.00 16,908.65 OXIDOR LABORATORIES LLC 32583 AP
1458 05/14/2013 May A/P lab testing 243.00 17,151.65 OXIDOR LABORATORIES LLC 32583 AP
1458 05/14/2013 May A/P lab testing 243.00 17,394.65 OXIDOR LABORATORIES LLC 32583 AP
1458 05/14/2013 May A/P lab testing 176.00 17,570.65 OXIDOR LABORATORIES LLC 32583 AP
1526 05/22/2013 May A/P Influent/Effluent testing 216.00 17,786.65 OXIDOR LABORATORIES LLC 32610 AP
1526 05/22/2013 May A/P Influent/Effluent testing 243.00 18,029.65 OXIDOR LABORATORIES LLC 32610 AP
1526 05/22/2013 May A/P Influent/Effluent testing 176.00 18,205.65 OXIDOR LABORATORIES LLC 32610 AP
1526 05/22/2013 May A/P Biomonitoring 1,080.00 19,285.65 HUTHER AND ASSOCIATES,INC 32603 AP
1526 05/22/2013 May A/P Effluent/Influent sampling 263.00 19,548.65 OXIDOR LABORATORIES LLC 32610 AP
1679 05/31/2013 May A/P lab testing 243.00 19,791.65 OXIDOR LABORATORIES LLC 32670 AP
TCMUD#1 Page 178 of 294 Meeting Date: June 18, 2013
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glpdatb2 rgonzale Trophy Club MUD #1 Page 34
20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 135 MUD 1 General Fund Department: 20 Wastewater Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
1679 05/31/2013 May A/P lab testing 15,827.65 176.00 19,967.65 OXIDOR LABORATORIES LLC 32670 AP
1679 05/31/2013 May A/P lab testing 375.00 20,342.65 OXIDOR LABORATORIES LLC 32670 AP
1679 05/31/2013 May A/P lab testing 176.00 20,518.65 OXIDOR LABORATORIES LLC 32670 AP
_______________
Account: 135-55135-020-000 Lab Analysis Totals: 4,691.00 20,518.65 **
30,000.00 Budgeted 9,481.35 Remaining 68 % Used
Account: 135-60010-020-000 Communications/Pagers/Mobiles
1525 05/22/2013 May A/P Verizon Inv#9703714888 1,239.63 168.70 1,408.33 TOWN OF TROPHY CLUB 32615 AP
_______________
Account: 135-60010-020-000 Communications/Pagers/Mobiles Totals: 168.70 1,408.33 **
3,981.00 Budgeted 2,572.67 Remaining 35 % Used
Account: 135-60020-020-000 Electricity
1525 05/22/2013 May A/P Electricity 4/15-5/14 74,532.53 9,692.88 84,225.41 HUDSON ENERGY SERVICES, LLC 32602 AP
_______________
Account: 135-60020-020-000 Electricity Totals: 9,692.88 84,225.41 **
153,045.00 Budgeted 68,819.59 Remaining 55 % Used
Account: 135-60066-020-000 Publications/Books/Subscripts
161.45 .00 161.45
_______________
Account: 135-60066-020-000 Publications/Books/Subscripts Totals: .00 161.45 **
200.00 Budgeted 38.55 Remaining 81 % Used
Account: 135-60080-020-000 Schools & Training
1,071.66 .00 1,071.66
_______________
Account: 135-60080-020-000 Schools & Training Totals: .00 1,071.66 **
3,272.00 Budgeted 2,200.34 Remaining 33 % Used
Account: 135-60090-020-000 Safety Program
1458 05/14/2013 May A/P first aid supplies 71.47 71.47 CINTAS FAS LOCKBOX 636525 32580 AP
_______________
Account: 135-60090-020-000 Safety Program Totals: 71.47 71.47 **
.00 Budgeted (71.47) Remaining 0 % Used
Account: 135-60100-020-000 Travel & per diem
TCMUD#1 Page 179 of 294 Meeting Date: June 18, 2013
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glpdatb2 rgonzale Trophy Club MUD #1 Page 35
20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 135 MUD 1 General Fund Department: 20 Wastewater Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
1644 05/26/2013 4/27-5/26 PCards HAMPTON INN HOTELS 2,202.66 166.14 2,368.80 HAMPTON INN HOTELS PC
1644 05/26/2013 4/27-5/26 PCards HOLIDAY INNS 151.42 2,520.22 HOLIDAY INNS PC
1644 05/26/2013 4/27-5/26 PCards SOUTHWEST AIRLINES 200.90 2,721.12 SOUTHWEST AIRLINES PC
1644 05/26/2013 4/27-5/26 PCards AMERICAN AIRLINES 429.80 3,150.92 AMERICAN AIRLINES PC
1644 05/26/2013 4/27-5/26 PCards AMERICAN AIRLINES 106.02 3,256.94 AMERICAN AIRLINES PC
_______________
Account: 135-60100-020-000 Travel & per diem Totals: 1,054.28 3,256.94 **
1,400.00 Budgeted (1,856.94) Remaining 233 % Used
Account: 135-60105-020-000 Rent/Lease Equipment
1,123.00 .00 1,123.00
_______________
Account: 135-60105-020-000 Rent/Lease Equipment Totals: .00 1,123.00 **
1,500.00 Budgeted 377.00 Remaining 75 % Used
Account: 135-60125-020-000 Advertising
112.50 .00 112.50
_______________
Account: 135-60125-020-000 Advertising Totals: .00 112.50 **
300.00 Budgeted 187.50 Remaining 38 % Used
Account: 135-60135-020-000 TCEQ Fees & Permits
7,887.19 .00 7,887.19
_______________
Account: 135-60135-020-000 TCEQ Fees & Permits Totals: .00 7,887.19 **
15,600.00 Budgeted 7,712.81 Remaining 51 % Used
Account: 135-60136-020-000 TCEQ Environmental Proj (SEP)
1673 05/31/2013 May A/P Agreed Order assessing Adm Pen 40,400.00 40,400.00 Tx Assoc of Resource of 32637 AP
_______________
Account: 135-60136-020-000 TCEQ Environmental Proj (SEP) Totals: 40,400.00 40,400.00 **
40,400.00 Budgeted .00 Remaining 100 % Used
Account: 135-60243-020-000 Prior Year Expense
801.59 .00 801.59
_______________
Account: 135-60243-020-000 Prior Year Expense Totals: .00 801.59 **
802.00 Budgeted .41 Remaining 100 % Used
TCMUD#1 Page 180 of 294 Meeting Date: June 18, 2013
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20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 135 MUD 1 General Fund Department: 20 Wastewater Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
Account: 135-60245-020-000 Miscellaneous Expenses
1644 05/26/2013 4/27-5/26 PCards WAL-MART #5247 148.10 58.46 206.56 WAL-MART #5247 PC
1644 05/26/2013 4/27-5/26 PCards WAL-MART #5247 54.00 260.56 WAL-MART #5247 PC
1644 05/26/2013 4/27-5/26 PCards WAL-MART #5247 (58.46) 202.10 WAL-MART #5247 PC
_______________
Account: 135-60245-020-000 Miscellaneous Expenses Totals: 54.00 202.10 **
200.00 Budgeted (2.10) Remaining 101 % Used
Account: 135-60285-020-000 Lawn Equipment & Maintenance
412.23 .00 412.23
_______________
Account: 135-60285-020-000 Lawn Equipment & Maintenance Totals: .00 412.23 **
500.00 Budgeted 87.77 Remaining 82 % Used
Account: 135-65005-020-000 Fuel & Lube
1644 05/26/2013 4/27-5/26 PCards CHEVRON 0302418 7,060.95 72.00 7,132.95 CHEVRON 0302418 PC
_______________
Account: 135-65005-020-000 Fuel & Lube Totals: 72.00 7,132.95 **
10,527.00 Budgeted 3,394.05 Remaining 68 % Used
Account: 135-65010-020-000 Uniforms
1447 05/13/2013 May A/P uniform shirts-karl 773.70 150.00 923.70 PANDA EMBROIDERY 32553 AP
1458 05/14/2013 May A/P shirts=lance & jason 280.00 1,203.70 PANDA EMBROIDERY 32584 AP
_______________
Account: 135-65010-020-000 Uniforms Totals: 430.00 1,203.70 **
1,574.00 Budgeted 370.30 Remaining 76 % Used
Account: 135-65030-020-000 Chemicals
1447 05/13/2013 May A/P 450 lb drums 20,030.90 1,080.00 21,110.90 POLYDYNE, INC 32554 AP
1679 05/31/2013 May A/P HTH buckets-WWTP 1,680.00 22,790.90 HARCROS CHEMICALS INC 32653 AP
_______________
Account: 135-65030-020-000 Chemicals Totals: 2,760.00 22,790.90 **
38,346.00 Budgeted 15,555.10 Remaining 59 % Used
Account: 135-65035-020-000 Small Tools
1644 05/26/2013 4/27-5/26 PCards THE HOME DEPOT 6581 333.47 65.91 399.38 THE HOME DEPOT 6581 PC
1644 05/26/2013 4/27-5/26 PCards THE HOME DEPOT 6581 69.67 469.05 THE HOME DEPOT 6581 PC
TCMUD#1 Page 181 of 294 Meeting Date: June 18, 2013
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20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 135 MUD 1 General Fund Department: 20 Wastewater Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
_______________
Account: 135-65035-020-000 Small Tools Totals: 135.58 469.05 **
1,000.00 Budgeted 530.95 Remaining 47 % Used
Account: 135-65040-020-000 Safety Equipment
1679 05/31/2013 May A/P first aid supplies 483.26 43.44 526.70 CINTAS FAS LOCKBOX 636525 32645 AP
_______________
Account: 135-65040-020-000 Safety Equipment Totals: 43.44 526.70 **
500.00 Budgeted (26.70) Remaining 105 % Used
Account: 135-65045-020-000 Lab Supplies
1447 05/13/2013 May A/P ldo probe 11,199.47 268.04 11,467.51 HACH COMPANY 32538 AP
1447 05/13/2013 May A/P ldo probe 750.00 12,217.51 HACH COMPANY 32538 AP
1526 05/22/2013 May A/P Water for lab 29.89 12,247.40 OZARKA DIRECT 32611 AP
1644 05/26/2013 4/27-5/26 PCards HACH COMPANY 747.95 12,995.35 HACH COMPANY PC
_______________
Account: 135-65045-020-000 Lab Supplies Totals: 1,795.88 12,995.35 **
10,000.00 Budgeted (2,995.35) Remaining 130 % Used
Account: 135-69005-020-000 Capital Expenses
442,195.29 .00 442,195.29
_______________
Account: 135-69005-020-000 Capital Expenses Totals: .00 442,195.29 **
446,484.00 Budgeted 4,288.71 Remaining 99 % Used
Department 20 Totals: ------------------------------------------------------------------------------------------------ 1,018,114.16 **
1,269,585.00 Budgeted 251,470.84 Remaining 80 % Used
TCMUD#1 Page 182 of 294 Meeting Date: June 18, 2013
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glpdatb2 rgonzale Trophy Club MUD #1 Page 38
20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 135 MUD 1 General Fund Department: 21 Collection Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
Account: 135-50005-021-000 Salaries & Wages
1420 05/10/2013 Payroll 5/10/13 Salaries & Wages 83,121.39 5,891.37 89,012.76 PR
1521 05/24/2013 Payroll 5/24/13 Salaries & Wages 5,891.37 94,904.13 PR
_______________
Account: 135-50005-021-000 Salaries & Wages Totals: 11,782.74 94,904.13 **
156,475.00 Budgeted 61,570.87 Remaining 61 % Used
Account: 135-50010-021-000 Overtime
1420 05/10/2013 Payroll 5/10/13 Overtime 5,722.44 425.47 6,147.91 PR
1521 05/24/2013 Payroll 5/24/13 Overtime 217.55 6,365.46 PR
_______________
Account: 135-50010-021-000 Overtime Totals: 643.02 6,365.46 **
12,158.00 Budgeted 5,792.54 Remaining 52 % Used
Account: 135-50016-021-000 Longevity
3,817.50 .00 3,817.50
_______________
Account: 135-50016-021-000 Longevity Totals: .00 3,817.50 **
3,818.00 Budgeted .50 Remaining 100 % Used
Account: 135-50017-021-000 Certification
1521 05/24/2013 Payroll 5/24/13 Certification 1,000.00 150.00 1,150.00 PR
_______________
Account: 135-50017-021-000 Certification Totals: 150.00 1,150.00 **
1,800.00 Budgeted 650.00 Remaining 64 % Used
Account: 135-50020-021-000 Retirement
1420 05/10/2013 Payroll 5/10/13 Retirement 30,420.88 567.26 30,988.14 PR
1521 05/24/2013 Payroll 5/24/13 Retirement 562.05 31,550.19 PR
_______________
Account: 135-50020-021-000 Retirement Totals: 1,129.31 31,550.19 **
42,910.00 Budgeted 11,359.81 Remaining 74 % Used
Account: 135-50026-021-000 Medical Insurance
1420 05/10/2013 Payroll 5/10/13 Medical Insurance 14,335.44 1,160.78 15,496.22 PR
1521 05/24/2013 Payroll 5/24/13 Medical Insurance 1,160.77 16,656.99 PR
_______________
Account: 135-50026-021-000 Medical Insurance Totals: 2,321.55 16,656.99 **
25,940.00 Budgeted 9,283.01 Remaining 64 % Used
TCMUD#1 Page 183 of 294 Meeting Date: June 18, 2013
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20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 135 MUD 1 General Fund Department: 21 Collection Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
Account: 135-50027-021-000 Dental Insurance
1420 05/10/2013 Payroll 5/10/13 Dental Insurance 1,012.96 79.95 1,092.91 PR
1521 05/24/2013 Payroll 5/24/13 Dental Insurance 79.93 1,172.84 PR
_______________
Account: 135-50027-021-000 Dental Insurance Totals: 159.88 1,172.84 **
1,812.00 Budgeted 639.16 Remaining 65 % Used
Account: 135-50028-021-000 Vision Insurance
1420 05/10/2013 Payroll 5/10/13 Vision Insurance 219.52 16.31 235.83 PR
1521 05/24/2013 Payroll 5/24/13 Vision Insurance 16.29 252.12 PR
_______________
Account: 135-50028-021-000 Vision Insurance Totals: 32.60 252.12 **
383.00 Budgeted 130.88 Remaining 66 % Used
Account: 135-50029-021-000 Life Insurance & Other
1420 05/10/2013 Payroll 5/10/13 Life Insurance & Other 675.11 59.53 734.64 PR
1525 05/22/2013 May A/P FSA-Monthly Adm 5.25 739.89 Discovery Benefits 32599 AP
_______________
Account: 135-50029-021-000 Life Insurance & Other Totals: 64.78 739.89 **
1,223.00 Budgeted 483.11 Remaining 60 % Used
Account: 135-50030-021-000 Social Security Taxes
1420 05/10/2013 Payroll 5/10/13 Social Security Taxes 5,580.00 359.04 5,939.04 PR
1521 05/24/2013 Payroll 5/24/13 Social Security Taxes 353.32 6,292.36 PR
_______________
Account: 135-50030-021-000 Social Security Taxes Totals: 712.36 6,292.36 **
10,502.00 Budgeted 4,209.64 Remaining 60 % Used
Account: 135-50035-021-000 Medicare Taxes
1420 05/10/2013 Payroll 5/10/13 Medicare Taxes 1,304.98 83.97 1,388.95 PR
1521 05/24/2013 Payroll 5/24/13 Medicare Taxes 82.63 1,471.58 PR
_______________
Account: 135-50035-021-000 Medicare Taxes Totals: 166.60 1,471.58 **
2,456.00 Budgeted 984.42 Remaining 60 % Used
Account: 135-50040-021-000 Unemployment Taxes
1485 05/17/2013 1st Qtr Town TWC Correction 241.27 (206.88) 34.39 GL
TCMUD#1 Page 184 of 294 Meeting Date: June 18, 2013
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glpdatb2 rgonzale Trophy Club MUD #1 Page 40
20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 135 MUD 1 General Fund Department: 21 Collection Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
_______________
Account: 135-50040-021-000 Unemployment Taxes Totals: (206.88) 34.39 **
567.00 Budgeted 532.61 Remaining 6 % Used
Account: 135-50045-021-000 Workman's Compensation
1495 05/14/2013 Town Bill-W/C Audit Refnd 2012 4,344.88 552.00 4,896.88 GL
_______________
Account: 135-50045-021-000 Workman's Compensation Totals: 552.00 4,896.88 **
3,348.00 Budgeted (1,548.88) Remaining 146 % Used
Account: 135-50070-021-000 Employee Relations
1644 05/26/2013 4/27-5/26 PCards SPLIT - 13550070021 (25%) 95.95 12.05 108.00 FUZZY'S TACO SHOP PC
_______________
Account: 135-50070-021-000 Employee Relations Totals: 12.05 108.00 **
250.00 Budgeted 142.00 Remaining 43 % Used
Account: 135-55080-021-000 Maintenance & Repairs
1447 05/13/2013 May A/P key pad ls #8 14,946.18 147.11 15,093.29 XYLEM WATER SOLUTIONS USA INC 32576 AP
1447 05/13/2013 May A/P floats for lift station 311.80 15,405.09 HD SUPPLY FACILITIES MAINT LTD 32539 AP
1447 05/13/2013 May A/P floats for lift stations 291.43 15,696.52 HD SUPPLY FACILITIES MAINT LTD 32539 AP
1455 05/14/2013 May A/P ls #8 cover plate 124.00 15,820.52 XYLEM WATER SOLUTIONS USA INC 32588 AP
1644 05/26/2013 4/27-5/26 PCards ALLIED ELECTRONICS INC 82.34 15,902.86 ALLIED ELECTRONICS INC PC
1644 05/26/2013 4/27-5/26 PCards ROANOKE WINNELSON CO 59.92 15,962.78 ROANOKE WINNELSON CO PC
_______________
Account: 135-55080-021-000 Maintenance & Repairs Totals: 1,016.60 15,962.78 **
20,000.00 Budgeted 4,037.22 Remaining 80 % Used
Account: 135-55090-021-000 Vehicle Maintenance
1447 05/13/2013 May A/P bulb oil 1,041.26 47.97 1,089.23 ROANOKE AUTO SUPPLY 32557 AP
1458 05/14/2013 May A/P Logo-Vac truck 85.00 1,174.23 AUTO DESIGNS 32579 AP
1526 05/22/2013 May A/P MUD logos on vehicles 170.00 1,344.23 AUTO DESIGNS 32594 AP
_______________
Account: 135-55090-021-000 Vehicle Maintenance Totals: 302.97 1,344.23 **
1,600.00 Budgeted 255.77 Remaining 84 % Used
Account: 135-60010-021-000 Communications/Pagers/Mobiles
1525 05/22/2013 May A/P Verizon Inv#9703714888 1,362.51 217.94 1,580.45 TOWN OF TROPHY CLUB 32615 AP
TCMUD#1 Page 185 of 294 Meeting Date: June 18, 2013
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glpdatb2 rgonzale Trophy Club MUD #1 Page 41
20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 135 MUD 1 General Fund Department: 21 Collection Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
_______________
Account: 135-60010-021-000 Communications/Pagers/Mobiles Totals: 217.94 1,580.45 **
3,500.00 Budgeted 1,919.55 Remaining 45 % Used
Account: 135-60020-021-000 Electricity
1447 05/13/2013 May A/P electric-municipal utility sou 10,466.59 172.99 10,639.58 TRI COUNTY ELECTRIC 32570 AP
1447 05/13/2013 May A/P electricty-tw king road 313.45 10,953.03 TRI COUNTY ELECTRIC 32570 AP
1447 05/13/2013 May A/P 28.12 10,981.15 TRI COUNTY ELECTRIC 32570 AP
1525 05/22/2013 May A/P Electricity 4/15-5/14 627.52 11,608.67 HUDSON ENERGY SERVICES, LLC 32602 AP
1525 05/22/2013 May A/P Electricity 4/15-5/14 467.11 12,075.78 HUDSON ENERGY SERVICES, LLC 32602 AP
1525 05/22/2013 May A/P PID Lift station 8 Electricity 54.42 12,130.20 HUDSON ENERGY SERVICES, LLC 32602 AP
1553 05/24/2013 Bill Town Inv 1032-1035 AR 20130524-20130524 User: (150.84) 11,979.36 AR
_______________
Account: 135-60020-021-000 Electricity Totals: 1,512.77 11,979.36 **
18,705.00 Budgeted 6,725.64 Remaining 64 % Used
Account: 135-60070-021-000 Dues & Memberships
250.00 .00 250.00
_______________
Account: 135-60070-021-000 Dues & Memberships Totals: .00 250.00 **
250.00 Budgeted .00 Remaining 100 % Used
Account: 135-60080-021-000 Schools & Training
830.00 .00 830.00
_______________
Account: 135-60080-021-000 Schools & Training Totals: .00 830.00 **
826.00 Budgeted (4.00) Remaining 100 % Used
Account: 135-60090-021-000 Safety Program
.00 .00
_______________
Account: 135-60090-021-000 Safety Program Totals: .00 .00 **
300.00 Budgeted 300.00 Remaining 0 % Used
Account: 135-60100-021-000 Travel & per diem
1644 05/26/2013 4/27-5/26 PCards HAMPTON INN HOTELS 1,574.47 166.14 1,740.61 HAMPTON INN HOTELS PC
1644 05/26/2013 4/27-5/26 PCards HOLIDAY INNS 151.42 1,892.03 HOLIDAY INNS PC
1644 05/26/2013 4/27-5/26 PCards SOUTHWEST AIRLINES 200.90 2,092.93 SOUTHWEST AIRLINES PC
TCMUD#1 Page 186 of 294 Meeting Date: June 18, 2013
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glpdatb2 rgonzale Trophy Club MUD #1 Page 42
20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 135 MUD 1 General Fund Department: 21 Collection Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
_______________
Account: 135-60100-021-000 Travel & per diem Totals: 518.46 2,092.93 **
450.00 Budgeted (1,642.93) Remaining 465 % Used
Account: 135-60105-021-000 Rent/Lease Equipment
.00 .00
_______________
Account: 135-60105-021-000 Rent/Lease Equipment Totals: .00 .00 **
10,000.00 Budgeted 10,000.00 Remaining 0 % Used
Account: 135-60243-021-000 Prior Year Expense
620.83 .00 620.83
_______________
Account: 135-60243-021-000 Prior Year Expense Totals: .00 620.83 **
621.00 Budgeted .17 Remaining 100 % Used
Account: 135-60245-021-000 Miscellaneous Expenses
.00 .00
_______________
Account: 135-60245-021-000 Miscellaneous Expenses Totals: .00 .00 **
100.00 Budgeted 100.00 Remaining 0 % Used
Account: 135-65005-021-000 Fuel & Lube
5,576.47 .00 5,576.47
_______________
Account: 135-65005-021-000 Fuel & Lube Totals: .00 5,576.47 **
12,117.00 Budgeted 6,540.53 Remaining 46 % Used
Account: 135-65010-021-000 Uniforms
934.13 .00 934.13
_______________
Account: 135-65010-021-000 Uniforms Totals: .00 934.13 **
2,220.00 Budgeted 1,285.87 Remaining 42 % Used
Account: 135-65030-021-000 Chemicals
2,221.00 .00 2,221.00
TCMUD#1 Page 187 of 294 Meeting Date: June 18, 2013
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glpdatb2 rgonzale Trophy Club MUD #1 Page 43
20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 135 MUD 1 General Fund Department: 21 Collection Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
_______________
Account: 135-65030-021-000 Chemicals Totals: .00 2,221.00 **
7,500.00 Budgeted 5,279.00 Remaining 30 % Used
Account: 135-65035-021-000 Small Tools
70.00 .00 70.00
_______________
Account: 135-65035-021-000 Small Tools Totals: .00 70.00 **
1,250.00 Budgeted 1,180.00 Remaining 6 % Used
Account: 135-65040-021-000 Safety Equipment
120.00 .00 120.00
_______________
Account: 135-65040-021-000 Safety Equipment Totals: .00 120.00 **
500.00 Budgeted 380.00 Remaining 24 % Used
Account: 135-69005-021-000 Capital Expenses
1577 05/31/2013 May A/P Scada software upgrade due to 2,276.00 2,276.00 DHS AUTOMATION, INC 32626 AP
1577 05/31/2013 May A/P Scada system for Lift Station 13,000.00 15,276.00 DHS AUTOMATION, INC 32626 AP
_______________
Account: 135-69005-021-000 Capital Expenses Totals: 15,276.00 15,276.00 **
90,000.00 Budgeted 74,724.00 Remaining 17 % Used
Account: 135-69008-021-000 Short Term Debt-Principal
.00 .00
_______________
Account: 135-69008-021-000 Short Term Debt-Principal Totals: .00 .00 **
40,260.00 Budgeted 40,260.00 Remaining 0 % Used
Department 21 Totals: ------------------------------------------------------------------------------------------------ 228,270.51 **
473,841.00 Budgeted 245,570.49 Remaining 48 % Used
TCMUD#1 Page 188 of 294 Meeting Date: June 18, 2013
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glpdatb2 rgonzale Trophy Club MUD #1 Page 44
20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 135 MUD 1 General Fund Department: 26 Board of Directors Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
Account: 135-50005-026-000 Salaries & Wages
1420 05/10/2013 Payroll 5/10/13 Salaries & Wages 5,600.00 900.00 6,500.00 PR
1521 05/24/2013 Payroll 5/24/13 Salaries & Wages 600.00 7,100.00 PR
_______________
Account: 135-50005-026-000 Salaries & Wages Totals: 1,500.00 7,100.00 **
10,000.00 Budgeted 2,900.00 Remaining 71 % Used
Account: 135-50030-026-000 Social Security Taxes
1420 05/10/2013 Payroll 5/10/13 Social Security Taxes 347.20 55.80 403.00 PR
1521 05/24/2013 Payroll 5/24/13 Social Security Taxes 37.20 440.20 PR
_______________
Account: 135-50030-026-000 Social Security Taxes Totals: 93.00 440.20 **
620.00 Budgeted 179.80 Remaining 71 % Used
Account: 135-50035-026-000 Medicare Taxes
1420 05/10/2013 Payroll 5/10/13 Medicare Taxes 81.20 13.05 94.25 PR
1521 05/24/2013 Payroll 5/24/13 Medicare Taxes 8.70 102.95 PR
_______________
Account: 135-50035-026-000 Medicare Taxes Totals: 21.75 102.95 **
145.00 Budgeted 42.05 Remaining 71 % Used
Account: 135-50040-026-000 Unemployment Taxes
1420 05/10/2013 Payroll 5/10/13 Unemployment Taxes 64.40 .90 65.30 PR
1521 05/24/2013 Payroll 5/24/13 Unemployment Taxes .60 65.90 PR
_______________
Account: 135-50040-026-000 Unemployment Taxes Totals: 1.50 65.90 **
210.00 Budgeted 144.10 Remaining 31 % Used
Account: 135-50045-026-000 Workman's Compensation
1495 05/14/2013 Town Bill-W/C Audit Refnd 2012 15.70 (7.82) 7.88 GL
_______________
Account: 135-50045-026-000 Workman's Compensation Totals: (7.82) 7.88 **
150.00 Budgeted 142.12 Remaining 5 % Used
Account: 135-60066-026-000 Publications/Books/Subscripts
.00 .00
_______________
Account: 135-60066-026-000 Publications/Books/Subscripts Totals: .00 .00 **
150.00 Budgeted 150.00 Remaining 0 % Used
TCMUD#1 Page 189 of 294 Meeting Date: June 18, 2013
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glpdatb2 rgonzale Trophy Club MUD #1 Page 45
20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 135 MUD 1 General Fund Department: 26 Board of Directors Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
Account: 135-60070-026-000 Dues & Memberships
42.00 .00 42.00
_______________
Account: 135-60070-026-000 Dues & Memberships Totals: .00 42.00 **
2,100.00 Budgeted 2,058.00 Remaining 2 % Used
Account: 135-60075-026-000 Meetings
434.97 .00 434.97
_______________
Account: 135-60075-026-000 Meetings Totals: .00 434.97 **
1,200.00 Budgeted 765.03 Remaining 36 % Used
Account: 135-60080-026-000 Schools & Training
1679 05/31/2013 May A/P 2013 AWBD Annual Conference-Ji 2,260.00 395.00 2,655.00 AWBD 32641 AP
_______________
Account: 135-60080-026-000 Schools & Training Totals: 395.00 2,655.00 **
4,000.00 Budgeted 1,345.00 Remaining 66 % Used
Account: 135-60100-026-000 Travel & per diem
1644 05/26/2013 4/27-5/26 PCards HAMPTON INN HOTELS 2,341.88 166.14 2,508.02 HAMPTON INN HOTELS PC
1644 05/26/2013 4/27-5/26 PCards HAMPTON INN HOTELS 166.14 2,674.16 HAMPTON INN HOTELS PC
1644 05/26/2013 4/27-5/26 PCards HOLIDAY INNS 151.42 2,825.58 HOLIDAY INNS PC
1644 05/26/2013 4/27-5/26 PCards HOLIDAY INNS 151.42 2,977.00 HOLIDAY INNS PC
1644 05/26/2013 4/27-5/26 PCards SOUTHWEST AIRLINES 200.90 3,177.90 SOUTHWEST AIRLINES PC
1644 05/26/2013 4/27-5/26 PCards SOUTHWEST AIRLINES 200.90 3,378.80 SOUTHWEST AIRLINES PC
1644 05/26/2013 4/27-5/26 PCards AMERICAN AIRLINES 429.80 3,808.60 AMERICAN AIRLINES PC
1644 05/26/2013 4/27-5/26 PCards AMERICAN AIRLINES 106.02 3,914.62 AMERICAN AIRLINES PC
1644 05/26/2013 4/27-5/26 PCards DELTA 191.60 4,106.22 DELTA PC
_______________
Account: 135-60100-026-000 Travel & per diem Totals: 1,764.34 4,106.22 **
5,000.00 Budgeted 893.78 Remaining 82 % Used
Account: 135-60243-026-000 Prior Year Expense
107.10 .00 107.10
_______________
Account: 135-60243-026-000 Prior Year Expense Totals: .00 107.10 **
.00 Budgeted (107.10) Remaining 0 % Used
Account: 135-60245-026-000 Miscellaneous Expenses
TCMUD#1 Page 190 of 294 Meeting Date: June 18, 2013
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glpdatb2 rgonzale Trophy Club MUD #1 Page 46
20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 135 MUD 1 General Fund Department: 26 Board of Directors Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
1644 05/26/2013 4/27-5/26 PCards WAL-MART #5985 252.44 15.44 267.88 WAL-MART #5985 PC
_______________
Account: 135-60245-026-000 Miscellaneous Expenses Totals: 15.44 267.88 **
3,000.00 Budgeted 2,732.12 Remaining 9 % Used
Department 26 Totals: ------------------------------------------------------------------------------------------------ 15,330.10 **
26,575.00 Budgeted 11,244.90 Remaining 58 % Used
TCMUD#1 Page 191 of 294 Meeting Date: June 18, 2013
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glpdatb2 rgonzale Trophy Club MUD #1 Page 47
20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 135 MUD 1 General Fund Department: 30 Administration Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
Account: 135-50005-030-000 Salaries & Wages
1420 05/10/2013 Payroll 5/10/13 Salaries & Wages 240,792.66 16,574.78 257,367.44 PR
1521 05/24/2013 Payroll 5/24/13 Salaries & Wages 16,578.13 273,945.57 PR
_______________
Account: 135-50005-030-000 Salaries & Wages Totals: 33,152.91 273,945.57 **
444,730.00 Budgeted 170,784.43 Remaining 62 % Used
Account: 135-50010-030-000 Overtime
1420 05/10/2013 Payroll 5/10/13 Overtime 200.83 10.41 211.24 PR
1521 05/24/2013 Payroll 5/24/13 Overtime 22.69 233.93 PR
_______________
Account: 135-50010-030-000 Overtime Totals: 33.10 233.93 **
1,500.00 Budgeted 1,266.07 Remaining 16 % Used
Account: 135-50016-030-000 Longevity
2,317.50 .00 2,317.50
_______________
Account: 135-50016-030-000 Longevity Totals: .00 2,317.50 **
2,318.00 Budgeted .50 Remaining 100 % Used
Account: 135-50020-030-000 Retirement
1420 05/10/2013 Payroll 5/10/13 Retirement 72,362.60 1,489.35 73,851.95 PR
1521 05/24/2013 Payroll 5/24/13 Retirement 1,490.75 75,342.70 PR
_______________
Account: 135-50020-030-000 Retirement Totals: 2,980.10 75,342.70 **
104,801.00 Budgeted 29,458.30 Remaining 72 % Used
Account: 135-50026-030-000 Medical Insurance
1420 05/10/2013 Payroll 5/10/13 Medical Insurance 27,108.30 2,194.07 29,302.37 PR
1521 05/24/2013 Payroll 5/24/13 Medical Insurance 2,194.03 31,496.40 PR
_______________
Account: 135-50026-030-000 Medical Insurance Totals: 4,388.10 31,496.40 **
49,049.00 Budgeted 17,552.60 Remaining 64 % Used
Account: 135-50027-030-000 Dental Insurance
1420 05/10/2013 Payroll 5/10/13 Dental Insurance 2,411.52 193.19 2,604.71 PR
1521 05/24/2013 Payroll 5/24/13 Dental Insurance 193.15 2,797.86 PR
TCMUD#1 Page 192 of 294 Meeting Date: June 18, 2013
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glpdatb2 rgonzale Trophy Club MUD #1 Page 48
20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 135 MUD 1 General Fund Department: 30 Administration Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
_______________
Account: 135-50027-030-000 Dental Insurance Totals: 386.34 2,797.86 **
3,379.00 Budgeted 581.14 Remaining 83 % Used
Account: 135-50028-030-000 Vision Insurance
1420 05/10/2013 Payroll 5/10/13 Vision Insurance 528.64 41.29 569.93 PR
1521 05/24/2013 Payroll 5/24/13 Vision Insurance 41.24 611.17 PR
_______________
Account: 135-50028-030-000 Vision Insurance Totals: 82.53 611.17 **
945.00 Budgeted 333.83 Remaining 65 % Used
Account: 135-50029-030-000 Life Insurance & Other
1420 05/10/2013 Payroll 5/10/13 Life Insurance & Other 1,723.09 136.33 1,859.42 PR
1525 05/22/2013 May A/P FSA-Monthly Adm 36.75 1,896.17 Discovery Benefits 32599 AP
_______________
Account: 135-50029-030-000 Life Insurance & Other Totals: 173.08 1,896.17 **
2,582.00 Budgeted 685.83 Remaining 73 % Used
Account: 135-50030-030-000 Social Security Taxes
1420 05/10/2013 Payroll 5/10/13 Social Security Taxes 14,497.47 958.23 15,455.70 PR
1521 05/24/2013 Payroll 5/24/13 Social Security Taxes 954.66 16,410.36 PR
_______________
Account: 135-50030-030-000 Social Security Taxes Totals: 1,912.89 16,410.36 **
27,802.00 Budgeted 11,391.64 Remaining 59 % Used
Account: 135-50035-030-000 Medicare Taxes
1420 05/10/2013 Payroll 5/10/13 Medicare Taxes 3,390.54 224.10 3,614.64 PR
1521 05/24/2013 Payroll 5/24/13 Medicare Taxes 223.27 3,837.91 PR
_______________
Account: 135-50035-030-000 Medicare Taxes Totals: 447.37 3,837.91 **
6,502.00 Budgeted 2,664.09 Remaining 59 % Used
Account: 135-50040-030-000 Unemployment Taxes
1485 05/17/2013 1st Qtr Town TWC Correction 954.41 (515.12) 439.29 GL
_______________
Account: 135-50040-030-000 Unemployment Taxes Totals: (515.12) 439.29 **
1,537.00 Budgeted 1,097.71 Remaining 29 % Used
TCMUD#1 Page 193 of 294 Meeting Date: June 18, 2013
.
glpdatb2 rgonzale Trophy Club MUD #1 Page 49
20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 135 MUD 1 General Fund Department: 30 Administration Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
Account: 135-50045-030-000 Workman's Compensation
1495 05/14/2013 Town Bill-W/C Audit Refnd 2012 840.48 98.12 938.60 GL
_______________
Account: 135-50045-030-000 Workman's Compensation Totals: 98.12 938.60 **
831.00 Budgeted (107.60) Remaining 113 % Used
Account: 135-50060-030-000 Pre-emp Physicals/Testing
39.00 .00 39.00
_______________
Account: 135-50060-030-000 Pre-emp Physicals/Testing Totals: .00 39.00 **
250.00 Budgeted 211.00 Remaining 16 % Used
Account: 135-50070-030-000 Employee Relations
1644 05/26/2013 4/27-5/26 PCards TOM THUMB STOR00017897 2,724.17 3.79 2,727.96 TOM THUMB STOR00017897 PC
1644 05/26/2013 4/27-5/26 PCards SPLIT - 13550070030 (25%) 12.03 2,739.99 FUZZY'S TACO SHOP PC
_______________
Account: 135-50070-030-000 Employee Relations Totals: 15.82 2,739.99 **
5,000.00 Budgeted 2,260.01 Remaining 55 % Used
Account: 135-55030-030-000 Software & Support
1447 05/13/2013 May A/P annual software renew 26,473.29 13,365.00 39,838.29 STW INC 32562 AP
1447 05/13/2013 May A/P april pcard reimbursement-mike 53.38 39,891.67 TOWN OF TROPHY CLUB 32569 AP
1447 05/13/2013 May A/P april pcard reimbursement-mike 65.44 39,957.11 TOWN OF TROPHY CLUB 32569 AP
1447 05/13/2013 May A/P april pcard reimbursement-mike 25.00 39,982.11 TOWN OF TROPHY CLUB 32569 AP
1574 05/30/2013 May A/P monthly isp charges 659.06 40,641.17 TOWN OF TROPHY CLUB 32635 AP
1574 05/30/2013 May A/P clear rec bank rec software 600.00 41,241.17 CONWAY CONSULTING 32625 AP
1574 05/30/2013 May A/P monthly isp fees/bandwith 392.24 41,633.41 TOWN OF TROPHY CLUB 32635 AP
1577 05/31/2013 May A/P Attendance Enterprise upgrade 3,256.50 44,889.91 TOWN OF TROPHY CLUB 32635 AP
1673 05/31/2013 May A/P IT May PCards 25.00 44,914.91 TROPHY CLUB MUD (WATER BILLS) 32687 AP
1673 05/31/2013 May A/P IT May PCards 95.01 45,009.92 TROPHY CLUB MUD (WATER BILLS) 32687 AP
1673 05/31/2013 May A/P IT May PCards 197.00 45,206.92 TROPHY CLUB MUD (WATER BILLS) 32687 AP
1673 05/31/2013 May A/P IT May PCards 53.38 45,260.30 TROPHY CLUB MUD (WATER BILLS) 32687 AP
1673 05/31/2013 May A/P IT May PCards 64.99 45,325.29 TROPHY CLUB MUD (WATER BILLS) 32687 AP
1679 05/31/2013 May A/P STW Support-January 3,386.65 48,711.94 STW INC 32681 AP
_______________
Account: 135-55030-030-000 Software & Support Totals: 22,238.65 48,711.94 **
63,555.00 Budgeted 14,843.06 Remaining 77 % Used
Account: 135-55070-030-000 Independent Labor
TCMUD#1 Page 194 of 294 Meeting Date: June 18, 2013
.
glpdatb2 rgonzale Trophy Club MUD #1 Page 50
20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 135 MUD 1 General Fund Department: 30 Administration Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
598.75 .00 598.75
_______________
Account: 135-55070-030-000 Independent Labor Totals: .00 598.75 **
7,700.00 Budgeted 7,101.25 Remaining 8 % Used
Account: 135-55075-030-000 Records Management
.00 .00
_______________
Account: 135-55075-030-000 Records Management Totals: .00 .00 **
500.00 Budgeted 500.00 Remaining 0 % Used
Account: 135-55080-030-000 Maintenance & Repairs
810.52 .00 810.52
_______________
Account: 135-55080-030-000 Maintenance & Repairs Totals: .00 810.52 **
811.00 Budgeted .48 Remaining 100 % Used
Account: 135-55100-030-000 Building Maint & Supplies
1447 05/13/2013 May A/P rug service 3,497.52 420.75 3,918.27 G & K SERVICES 32536 AP
1475 05/15/2013 Town Billing Inv 1021-1029 AR 20130501-20130515 User: (210.37) 3,707.90 AR
1525 05/22/2013 May A/P Re-key doors 183.95 3,891.85 MICHAEL'S KEYS 32608 AP
1528 05/22/2013 May A/P Re-key door 77.50 3,969.35 MICHAEL'S KEYS 32608 AP
1679 05/31/2013 May A/P Rug service 84.15 4,053.50 G & K SERVICES 32651 AP
1679 05/31/2013 May A/P rug service 84.15 4,137.65 G & K SERVICES 32651 AP
1679 05/31/2013 May A/P rug service 84.15 4,221.80 G & K SERVICES 32651 AP
1679 05/31/2013 May A/P rug service 84.15 4,305.95 G & K SERVICES 32651 AP
_______________
Account: 135-55100-030-000 Building Maint & Supplies Totals: 808.43 4,305.95 **
6,500.00 Budgeted 2,194.05 Remaining 66 % Used
Account: 135-55120-030-000 Cleaning Services
12,197.25 .00 12,197.25
_______________
Account: 135-55120-030-000 Cleaning Services Totals: .00 12,197.25 **
20,200.00 Budgeted 8,002.75 Remaining 60 % Used
Account: 135-55160-030-000 Professional Outside Services
6,974.00 .00 6,974.00
TCMUD#1 Page 195 of 294 Meeting Date: June 18, 2013
.
glpdatb2 rgonzale Trophy Club MUD #1 Page 51
20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 135 MUD 1 General Fund Department: 30 Administration Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
_______________
Account: 135-55160-030-000 Professional Outside Services Totals: .00 6,974.00 **
15,000.00 Budgeted 8,026.00 Remaining 46 % Used
Account: 135-55161-030-000 Outside Services-Town Semo
85,465.00 .00 85,465.00
_______________
Account: 135-55161-030-000 Outside Services-Town Semo Totals: .00 85,465.00 **
85,465.00 Budgeted .00 Remaining 100 % Used
Account: 135-55165-030-000 Collection Fees
159.77 .00 159.77
_______________
Account: 135-55165-030-000 Collection Fees Totals: .00 159.77 **
160.00 Budgeted .23 Remaining 100 % Used
Account: 135-55205-030-000 Utility Billing Contract
1447 05/13/2013 May A/P 3,747.21 611.28 4,358.49 DP2 BILLING SOLUTIONS, LLC 32533 AP
_______________
Account: 135-55205-030-000 Utility Billing Contract Totals: 611.28 4,358.49 **
11,000.00 Budgeted 6,641.51 Remaining 40 % Used
Account: 135-60005-030-000 Telephone
1447 05/13/2013 May A/P april pcard reimbursement-mike 5,598.26 383.44 5,981.70 TOWN OF TROPHY CLUB 32569 AP
1447 05/13/2013 May A/P april pcard reimbursement-mike 217.88 6,199.58 TOWN OF TROPHY CLUB 32569 AP
1447 05/13/2013 May A/P april pcard reimbursement-mike 396.78 6,596.36 TOWN OF TROPHY CLUB 32569 AP
1455 05/14/2013 May A/P answering service 340.29 6,936.65 KEYSTONE PARK SECRETARIAL 32581 AP
1574 05/30/2013 May A/P ansewring service-june 2013 186.84 7,123.49 KEYSTONE PARK SECRETARIAL 32628 AP
1673 05/31/2013 May A/P IT May PCards 119.25 7,242.74 TROPHY CLUB MUD (WATER BILLS) 32687 AP
1673 05/31/2013 May A/P IT May PCards 228.34 7,471.08 TROPHY CLUB MUD (WATER BILLS) 32687 AP
1673 05/31/2013 May A/P IT May PCards 392.37 7,863.45 TROPHY CLUB MUD (WATER BILLS) 32687 AP
1673 05/31/2013 May A/P IT May PCards 373.13 8,236.58 TROPHY CLUB MUD (WATER BILLS) 32687 AP
_______________
Account: 135-60005-030-000 Telephone Totals: 2,638.32 8,236.58 **
10,500.00 Budgeted 2,263.42 Remaining 78 % Used
Account: 135-60010-030-000 Communications/Pagers/Mobiles
1525 05/22/2013 May A/P Verizon Inv#9703714888 1,954.90 176.73 2,131.63 TOWN OF TROPHY CLUB 32615 AP
TCMUD#1 Page 196 of 294 Meeting Date: June 18, 2013
.
glpdatb2 rgonzale Trophy Club MUD #1 Page 52
20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 135 MUD 1 General Fund Department: 30 Administration Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
1521 05/24/2013 Payroll 5/24/13 Communications/Pagers/Mobiles 1,954.90 150.00 2,281.63 PR
1644 05/26/2013 4/27-5/26 PCards SHELL OIL 415072200QPS 14.06 2,295.69 SHELL OIL 415072200QPS PC
_______________
Account: 135-60010-030-000 Communications/Pagers/Mobiles Totals: 340.79 2,295.69 **
3,575.00 Budgeted 1,279.31 Remaining 64 % Used
Account: 135-60020-030-000 Electricity/Gas
1525 05/22/2013 May A/P 3/13-4/15 Direct Energy 6,992.94 1,138.58 8,131.52 TOWN OF TROPHY CLUB 32615 AP
_______________
Account: 135-60020-030-000 Electricity/Gas Totals: 1,138.58 8,131.52 **
13,019.00 Budgeted 4,887.48 Remaining 62 % Used
Account: 135-60025-030-000 Water
1447 05/13/2013 May A/P April water 497.28 135.72 633.00 TROPHY CLUB MUD (WATER BILLS) 32571 AP
1475 05/15/2013 Town Billing Inv 1021-1029 AR 20130501-20130515 User: (67.86) 565.14 AR
1679 05/31/2013 May A/P May water bills 175.32 740.46 TROPHY CLUB MUD (WATER BILLS) 32687 AP
_______________
Account: 135-60025-030-000 Water Totals: 243.18 740.46 **
3,100.00 Budgeted 2,359.54 Remaining 24 % Used
Account: 135-60030-030-000 Rent And/Or Usage
1447 05/13/2013 May A/P ps building rent 7,689.57 1,098.51 8,788.08 TOWN OF TROPHY CLUB 32569 AP
_______________
Account: 135-60030-030-000 Rent And/Or Usage Totals: 1,098.51 8,788.08 **
13,182.00 Budgeted 4,393.92 Remaining 67 % Used
Account: 135-60035-030-000 Postage
1447 05/13/2013 May A/P town shipment 15,041.68 35.53 15,077.21 FEDERAL EXPRESS CORP 32535 AP
1447 05/13/2013 May A/P special edition newsletter 971.17 16,048.38 COMPUTER EXTENSION SYS. INC 32526 AP
1447 05/13/2013 May A/P overnight letter 6.17 16,054.55 FEDERAL EXPRESS CORP 32535 AP
1447 05/13/2013 May A/P overnight letter 4.99 16,059.54 FEDERAL EXPRESS CORP 32535 AP
1447 05/13/2013 May A/P 1,546.44 17,605.98 DP2 BILLING SOLUTIONS, LLC 32533 AP
1477 05/15/2013 May A/P Permit 3 post card mailing/ans 842.00 18,447.98 U.S. POSTAL SERVICE 32590 AP
1482 05/15/2013 Recode Town Inv 1026 Fedex letter (35.53) 18,412.45 GL
1533 05/23/2013 Postage (6.11) 18,406.34 GL
1644 05/26/2013 4/27-5/26 PCards USPS 48764506630613152 20.00 18,426.34 USPS 48764506630613152 PC
_______________
Account: 135-60035-030-000 Postage Totals: 3,384.66 18,426.34 **
26,604.00 Budgeted 8,177.66 Remaining 69 % Used
TCMUD#1 Page 197 of 294 Meeting Date: June 18, 2013
.
glpdatb2 rgonzale Trophy Club MUD #1 Page 53
20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 135 MUD 1 General Fund Department: 30 Administration Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
Account: 135-60040-030-000 Service Charges & Fees
1625 05/31/2013 Bank and CC charges/May 16,212.04 53.57 16,265.61 GL
1625 05/31/2013 Bank and CC charges/May 78.80 16,344.41 GL
1625 05/31/2013 Bank and CC charges/May 1,771.49 18,115.90 GL
1625 05/31/2013 Bank and CC charges/May 250.00 18,365.90 GL
1626 05/31/2013 Reverse FF May interest Bank posted 6/2 rev from May (64.26) 18,301.64 GL
1627 05/31/2013 Reverse FF May int JE 1626 Bank posted 6/2 rev from May 64.26 18,365.90 GL
_______________
Account: 135-60040-030-000 Service Charges & Fees Totals: 2,153.86 18,365.90 **
28,330.00 Budgeted 9,964.10 Remaining 65 % Used
Account: 135-60050-030-000 Bad Debt Expense
85.44 .00 85.44
_______________
Account: 135-60050-030-000 Bad Debt Expense Totals: .00 85.44 **
8,500.00 Budgeted 8,414.56 Remaining 1 % Used
Account: 135-60055-030-000 Insurance
1447 05/13/2013 May A/P notary bond 50,693.77 50.00 50,743.77 VICTOR O SCHINNERER & CO, INC 32573 AP
_______________
Account: 135-60055-030-000 Insurance Totals: 50.00 50,743.77 **
50,694.00 Budgeted (49.77) Remaining 100 % Used
Account: 135-60066-030-000 Publications/Books/Subscripts
833.50 .00 833.50
_______________
Account: 135-60066-030-000 Publications/Books/Subscripts Totals: .00 833.50 **
834.00 Budgeted .50 Remaining 100 % Used
Account: 135-60070-030-000 Dues & Memberships
3,891.95 .00 3,891.95
_______________
Account: 135-60070-030-000 Dues & Memberships Totals: .00 3,891.95 **
3,892.00 Budgeted .05 Remaining 100 % Used
Account: 135-60075-030-000 Meetings
283.85 .00 283.85
TCMUD#1 Page 198 of 294 Meeting Date: June 18, 2013
.
glpdatb2 rgonzale Trophy Club MUD #1 Page 54
20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 135 MUD 1 General Fund Department: 30 Administration Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
_______________
Account: 135-60075-030-000 Meetings Totals: .00 283.85 **
400.00 Budgeted 116.15 Remaining 71 % Used
Account: 135-60080-030-000 Schools & Training
1644 05/26/2013 4/27-5/26 PCards NCTCOG RTC TRAINING 2,405.00 250.00 2,655.00 NCTCOG RTC TRAINING PC
1574 05/30/2013 May A/P training on clearrec software 252.15 2,907.15 CONWAY COMPANY CPAs PC 32624 AP
1679 05/31/2013 May A/P Fund Financial Statement Train 487.50 3,394.65 LAFOLLETT & COMPANY PLLC 32660 AP
_______________
Account: 135-60080-030-000 Schools & Training Totals: 989.65 3,394.65 **
5,350.00 Budgeted 1,955.35 Remaining 63 % Used
Account: 135-60100-030-000 Travel & per diem
1420 05/10/2013 Payroll 5/10/13 Travel & per diem 2,062.82 30.89 2,093.71 PR
1521 05/24/2013 Payroll 5/24/13 Travel & per diem 21.75 2,115.46 PR
1644 05/26/2013 4/27-5/26 PCards VARONAS 2.10 2,117.56 VARONAS PC
1644 05/26/2013 4/27-5/26 PCards HAMPTON INN HOTELS 166.14 2,283.70 HAMPTON INN HOTELS PC
1644 05/26/2013 4/27-5/26 PCards STARBUCKS TERM12261590 10.24 2,293.94 STARBUCKS TERM12261590 PC
1644 05/26/2013 4/27-5/26 PCards HOLIDAY INNS 151.42 2,445.36 HOLIDAY INNS PC
1644 05/26/2013 4/27-5/26 PCards THE PARKING SPOT 107 37.01 2,482.37 THE PARKING SPOT 107 PC
1644 05/26/2013 4/27-5/26 PCards AQUA TERRA 346.32 2,828.69 AQUA TERRA PC
1644 05/26/2013 4/27-5/26 PCards WENDY'S #5587 5.72 2,834.41 WENDY'S #5587 PC
1644 05/26/2013 4/27-5/26 PCards WAL-MART #5247 34.00 2,868.41 WAL-MART #5247 PC
1644 05/26/2013 4/27-5/26 PCards SOUTHWEST AIRLINES 200.90 3,069.31 SOUTHWEST AIRLINES PC
1644 05/26/2013 4/27-5/26 PCards AMERICAN AIRLINES 429.80 3,499.11 AMERICAN AIRLINES PC
1644 05/26/2013 4/27-5/26 PCards AMERICAN AIRLINES 106.02 3,605.13 AMERICAN AIRLINES PC
1679 05/31/2013 May A/P mileage-Terri Sisk 91.88 3,697.01 Terri Sisk 32684 AP
_______________
Account: 135-60100-030-000 Travel & per diem Totals: 1,634.19 3,697.01 **
3,616.00 Budgeted (81.01) Remaining 102 % Used
Account: 135-60110-030-000 Physicals/Testing
.00 .00
_______________
Account: 135-60110-030-000 Physicals/Testing Totals: .00 .00 **
500.00 Budgeted 500.00 Remaining 0 % Used
Account: 135-60125-030-000 Advertising
893.40 .00 893.40
TCMUD#1 Page 199 of 294 Meeting Date: June 18, 2013
.
glpdatb2 rgonzale Trophy Club MUD #1 Page 55
20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 135 MUD 1 General Fund Department: 30 Administration Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
_______________
Account: 135-60125-030-000 Advertising Totals: .00 893.40 **
4,000.00 Budgeted 3,106.60 Remaining 22 % Used
Account: 135-60235-030-000 Security
1673 05/31/2013 May A/P IT May PCards 505.13 505.13 TROPHY CLUB MUD (WATER BILLS) 32687 AP
_______________
Account: 135-60235-030-000 Security Totals: 505.13 505.13 **
1,350.00 Budgeted 844.87 Remaining 37 % Used
Account: 135-60243-030-000 Prior Year Expense
1456 05/14/2013 P/Y Exp from Due to/Froms P/R 1,263.01 2,027.57 3,290.58 GL
_______________
Account: 135-60243-030-000 Prior Year Expense Totals: 2,027.57 3,290.58 **
1,263.00 Budgeted (2,027.58) Remaining 261 % Used
Account: 135-60245-030-000 Miscellaneous Expenses
1644 05/26/2013 4/27-5/26 PCards NORTH TEXAS SIGNS ROUT 282.12 650.00 932.12 NORTH TEXAS SIGNS ROUT PC
1644 05/26/2013 4/27-5/26 PCards VCN*DENTONCOCTR 30.50 962.62 VCN*DENTONCOCTR PC
1644 05/26/2013 4/27-5/26 PCards DAVID'S COOKIES - WEB 52.60 1,015.22 DAVID'S COOKIES - WEB PC
_______________
Account: 135-60245-030-000 Miscellaneous Expenses Totals: 733.10 1,015.22 **
13,500.00 Budgeted 12,484.78 Remaining 8 % Used
Account: 135-60270-030-000 4th of July Celebration
.00 .00
_______________
Account: 135-60270-030-000 4th of July Celebration Totals: .00 .00 **
10,500.00 Budgeted 10,500.00 Remaining 0 % Used
Account: 135-60281-030-000 Park Expenses
1525 05/22/2013 May A/P April Harmony Park 28,552.40 1,998.06 30,550.46 TOWN OF TROPHY CLUB 32615 AP
_______________
Account: 135-60281-030-000 Park Expenses Totals: 1,998.06 30,550.46 **
42,500.00 Budgeted 11,949.54 Remaining 72 % Used
Account: 135-60336-030-000 Interfund Trans Out (MUD1 I&S)
TCMUD#1 Page 200 of 294 Meeting Date: June 18, 2013
.
glpdatb2 rgonzale Trophy Club MUD #1 Page 56
20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 135 MUD 1 General Fund Department: 30 Administration Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
1587 05/31/2013 Texpool xfer-PID Conn to I&S 161,000.00 161,000.00 GL
_______________
Account: 135-60336-030-000 Interfund Trans Out (MUD1 I&S) Totals: 161,000.00 161,000.00 **
.00 Budgeted (161,000.00) Remaining 0 % Used
Account: 135-60360-030-000 Furniture/Equipment < $5000
1447 05/13/2013 May A/P color printer cartridges-karis 3,157.40 380.36 3,537.76 SHI GOVERNMENT SOLUTIONS,INC 32558 AP
_______________
Account: 135-60360-030-000 Furniture/Equipment < $5000 Totals: 380.36 3,537.76 **
2,500.00 Budgeted (1,037.76) Remaining 142 % Used
Account: 135-65010-030-000 Uniforms
624.12 .00 624.12
_______________
Account: 135-65010-030-000 Uniforms Totals: .00 624.12 **
1,635.00 Budgeted 1,010.88 Remaining 38 % Used
Account: 135-65055-030-000 Hardware
1447 05/13/2013 May A/P acclaim networks inv#1302062 10,499.24 988.75 11,487.99 TOWN OF TROPHY CLUB 32569 AP
1525 05/22/2013 May A/P Shi invoies #GB00080220 & #GB0 55.50 11,543.49 TOWN OF TROPHY CLUB 32615 AP
1673 05/31/2013 May A/P IT May PCards 33.08 11,576.57 TROPHY CLUB MUD (WATER BILLS) 32687 AP
1673 05/31/2013 May A/P IT May PCards 365.17 11,941.74 TROPHY CLUB MUD (WATER BILLS) 32687 AP
_______________
Account: 135-65055-030-000 Hardware Totals: 1,442.50 11,941.74 **
20,188.00 Budgeted 8,246.26 Remaining 59 % Used
Account: 135-65085-030-000 Office Supplies
1447 05/13/2013 May A/P BOA pcards 4,684.57 71.30 4,755.87 TOWN OF TROPHY CLUB 32569 AP
1447 05/13/2013 May A/P BOA pcards 293.56 5,049.43 TOWN OF TROPHY CLUB 32569 AP
1455 05/14/2013 May A/P pcard reimbursement-karen moor 47.53 5,096.96 TOWN OF TROPHY CLUB 32586 AP
1455 05/14/2013 May A/P business cards-mike mcmahon 68.15 5,165.11 SIGMA SIGNS & PRINTING 32585 AP
1455 05/14/2013 May A/P reflective stickers 350.00 5,515.11 SIGMA SIGNS & PRINTING 32585 AP
1455 05/14/2013 May A/P office supplies 72.24 5,587.35 OFFICE DEPOT, INC 32582 AP
1455 05/14/2013 May A/P office supplies 56.10 5,643.45 OFFICE DEPOT, INC 32582 AP
1475 05/15/2013 Town Billing Inv 1021-1029 AR 20130501-20130515 User: (72.24) 5,571.21 AR
1525 05/22/2013 May A/P Office Supplies 159.90 5,731.11 OFFICE DEPOT, INC 32609 AP
1525 05/22/2013 May A/P Paper 36.12 5,767.23 OFFICE DEPOT, INC 32609 AP
1525 05/22/2013 May A/P Postcards 402.75 6,169.98 DESKTOP PUBLISHING SUPPLIES 32597 AP
1528 05/22/2013 May A/P Office and maintenance supplie 7.13 6,177.11 OFFICE DEPOT, INC 32609 AP
TCMUD#1 Page 201 of 294 Meeting Date: June 18, 2013
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glpdatb2 rgonzale Trophy Club MUD #1 Page 57
20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 135 MUD 1 General Fund Department: 30 Administration Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
1553 05/24/2013 Bill Town Inv 1032-1035 AR 20130524-20130524 User: 4,684.57 (18.06) 6,159.05 AR
1644 05/26/2013 4/27-5/26 PCards CARBONLESS FORMS PRINT 111.50 6,270.55 CARBONLESS FORMS PRINT PC
1644 05/26/2013 4/27-5/26 PCards THE HOME DEPOT 6581 2.68 6,273.23 THE HOME DEPOT 6581 PC
1673 05/31/2013 May A/P IT May PCards 59.99 6,333.22 TROPHY CLUB MUD (WATER BILLS) 32687 AP
1577 05/31/2013 May A/P Staples for copiers 55.50 6,388.72 TOWN OF TROPHY CLUB AP
1577 05/31/2013 May A/P Office supplies 60.13 6,448.85 OFFICE DEPOT, INC 32630 AP
1579 05/31/2013 Void Town Inv 05302013 Staples for copiers (55.50) 6,393.35 TOWN OF TROPHY CLUB AP
1580 05/31/2013 May A/P Staples for Copiers 43.69 6,437.04 TOWN OF TROPHY CLUB 32635 AP
1656 05/31/2013 Town Invoice 1036-38 AR 20130531-20130531 User: (18.06) 6,418.98 AR
1679 05/31/2013 May A/P office supplies-paper 72.24 6,491.22 OFFICE DEPOT, INC 32668 AP
_______________
Account: 135-65085-030-000 Office Supplies Totals: 1,806.65 6,491.22 **
8,200.00 Budgeted 1,708.78 Remaining 79 % Used
Account: 135-65090-030-000 Printer Supplies & Maintenance
1447 05/13/2013 May A/P shi inv#gb00078641 1,722.08 102.00 1,824.08 TOWN OF TROPHY CLUB 32569 AP
1447 05/13/2013 May A/P shi inv#GB00078941 142.50 1,966.58 TOWN OF TROPHY CLUB 32569 AP
1447 05/13/2013 May A/P shi inv#GB00079172 91.00 2,057.58 TOWN OF TROPHY CLUB 32569 AP
_______________
Account: 135-65090-030-000 Printer Supplies & Maintenance Totals: 335.50 2,057.58 **
5,732.00 Budgeted 3,674.42 Remaining 36 % Used
Account: 135-65095-030-000 Maintenance Supplies
1447 05/13/2013 May A/P BOA pcards 2,169.17 53.68 2,222.85 TOWN OF TROPHY CLUB 32569 AP
1455 05/14/2013 May A/P pcard reimbursement-karen moor 47.58 2,270.43 TOWN OF TROPHY CLUB 32586 AP
1475 05/15/2013 Town Billing Inv 1021-1029 AR 20130501-20130515 User: (140.82) 2,129.61 AR
1528 05/22/2013 May A/P Office and maintenance supplie 9.58 2,139.19 OFFICE DEPOT, INC 32609 AP
1553 05/24/2013 Bill Town Inv 1032-1035 AR 20130524-20130524 User: (4.79) 2,134.40 AR
1644 05/26/2013 4/27-5/26 PCards BIG LOTS STORES - #452 40.00 2,174.40 BIG LOTS STORES - #452 PC
1644 05/26/2013 4/27-5/26 PCards SPLIT - 13565095030 (64.66%) 168.29 2,342.69 SAMSCLUB #4795 PC
1656 05/31/2013 Town Invoice 1036-38 AR 20130531-20130531 User: (23.22) 2,319.47 AR
_______________
Account: 135-65095-030-000 Maintenance Supplies Totals: 150.30 2,319.47 **
1,500.00 Budgeted (819.47) Remaining 155 % Used
Account: 135-65097-030-000 Vending Machine Supplies
1498 05/09/2013 WWTP Vending 50.32 50.32 GL
_______________
Account: 135-65097-030-000 Vending Machine Supplies Totals: 50.32 50.32 **
500.00 Budgeted 449.68 Remaining 10 % Used
TCMUD#1 Page 202 of 294 Meeting Date: June 18, 2013
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glpdatb2 rgonzale Trophy Club MUD #1 Page 58
20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 135 MUD 1 General Fund Department: 30 Administration Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
Account: 135-65105-030-000 Printing
1447 05/13/2013 May A/P special edition newsletter 395.00 761.19 1,156.19 COMPUTER EXTENSION SYS. INC 32526 AP
_______________
Account: 135-65105-030-000 Printing Totals: 761.19 1,156.19 **
4,200.00 Budgeted 3,043.81 Remaining 28 % Used
Account: 135-69170-030-000 Copier Lease Installments
1447 05/13/2013 May A/P kyocera copier rent 1,541.10 256.85 1,797.95 TOWN OF TROPHY CLUB 32569 AP
_______________
Account: 135-69170-030-000 Copier Lease Installments Totals: 256.85 1,797.95 **
3,450.00 Budgeted 1,652.05 Remaining 52 % Used
Account: 135-69195-030-000 Gasb34/Reserve for Replacement
1588 05/31/2013 Transfer GASB 34 Replacement IT replacement 26,911.00 26,911.00 GL
_______________
Account: 135-69195-030-000 Gasb34/Reserve for Replacement Totals: 26,911.00 26,911.00 **
26,911.00 Budgeted .00 Remaining 100 % Used
Department 30 Totals: ------------------------------------------------------------------------------------------------ 958,685.00 **
1,182,142.00 Budgeted 223,457.00 Remaining 81 % Used
TCMUD#1 Page 203 of 294 Meeting Date: June 18, 2013
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glpdatb2 rgonzale Trophy Club MUD #1 Page 59
20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 135 MUD 1 General Fund Department: 39 Non Departmental Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
Account: 135-55045-039-000 Legal
1447 05/13/2013 May A/P april legal 135,512.10 2,007.50 137,519.60 THE LISTON LAW FIRM, P.C. 32567 AP
1525 05/22/2013 May A/P Legal-April 337.20 137,856.80 WHITAKER CHALK SWINDLE 32619 AP
1525 05/22/2013 May A/P Legal-April 30.00 137,886.80 WHITAKER CHALK SWINDLE 32619 AP
1525 05/22/2013 May A/P Legal-April 1,663.20 139,550.00 WHITAKER CHALK SWINDLE 32619 AP
1525 05/22/2013 May A/P Legal-April 1,932.00 141,482.00 WHITAKER CHALK SWINDLE 32619 AP
1525 05/22/2013 May A/P Legal-April 33.60 141,515.60 WHITAKER CHALK SWINDLE 32619 AP
_______________
Account: 135-55045-039-000 Legal Totals: 6,003.50 141,515.60 **
70,000.00 Budgeted (71,515.60) Remaining 202 % Used
Account: 135-55055-039-000 Auditing
20,700.00 .00 20,700.00
_______________
Account: 135-55055-039-000 Auditing Totals: .00 20,700.00 **
21,200.00 Budgeted 500.00 Remaining 98 % Used
Account: 135-55060-039-000 Appraisal
6,209.06 .00 6,209.06
_______________
Account: 135-55060-039-000 Appraisal Totals: .00 6,209.06 **
15,100.00 Budgeted 8,890.94 Remaining 41 % Used
Account: 135-55065-039-000 Tax Admin Fees
2,356.39 .00 2,356.39
_______________
Account: 135-55065-039-000 Tax Admin Fees Totals: .00 2,356.39 **
3,800.00 Budgeted 1,443.61 Remaining 62 % Used
Account: 135-60344-039-000 Intergov Trans Out (Fire CIP)
1630 05/31/2013 Xfer/Prime Interpl, Clear Fund 86,726.39 25,606.82 112,333.21 GL
_______________
Account: 135-60344-039-000 Intergov Trans Out (Fire CIP) Totals: 25,606.82 112,333.21 **
.00 Budgeted (112,333.21) Remaining 0 % Used
Department 39 Totals: ------------------------------------------------------------------------------------------------ 283,114.26 **
110,100.00 Budgeted (173,014.26) Remaining 257 % Used
TCMUD#1 Page 204 of 294 Meeting Date: June 18, 2013
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glpdatb2 rgonzale Trophy Club MUD #1 Page 60
20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 135 MUD 1 General Fund Department: 39 Non Departmental Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
Fund 135 Totals: ------------------------------------------------------------------------------------------------------ 492,763.60
.00 Budgeted (492,763.60) Remaining 0 % Used
TCMUD#1 Page 205 of 294 Meeting Date: June 18, 2013
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glpdatb2 rgonzale Trophy Club MUD #1 Page 62
20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 507 MUD 1 Capital Projects Department: Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
Account: 507-49005-000-000 Loan Proceeds
(445,000.00) .00 (445,000.00)
_______________
Account: 507-49005-000-000 Loan Proceeds Totals: .00 (445,000.00) **
(445,000.00) Budgeted .00 Remaining 100 % Used
Account: 507-49010-000-000 Interest Income
1583 05/31/2013 May bank interest (25.15) (24.18) (49.33) GL
_______________
Account: 507-49010-000-000 Interest Income Totals: (24.18) (49.33) **
(100.00) Budgeted (50.67) Remaining 49 % Used
Department Totals: ------------------------------------------------------------------------------------------------ (445,049.33) **
(445,100.00) Budgeted (50.67) Remaining 100 % Used
TCMUD#1 Page 206 of 294 Meeting Date: June 18, 2013
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glpdatb2 rgonzale Trophy Club MUD #1 Page 63
20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 507 MUD 1 Capital Projects Department: 10 Water Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
Account: 507-69280-010-000 Capital Repairs
1473 05/15/2013 Recode TNP inv/Ind Crk Waterli 2,663.28 (2,663.28) .00 GL
_______________
Account: 507-69280-010-000 Capital Repairs Totals: (2,663.28) .00 **
.00 Budgeted .00 Remaining 0 % Used
Account: 507-69005-010-001 Capital Expense
6,289.00 .00 6,289.00
_______________
Account: 507-69005-010-001 Capital Expense Totals: .00 6,289.00 **
5,800.00 Budgeted (489.00) Remaining 108 % Used
Account: 507-69280-010-002 Capital Repairs
1447 05/13/2013 May A/P engineering 12,350.00 12,350.00 DELTATEK ENGINEERING 32530 AP
1525 05/22/2013 May A/P ROFC-advertising of bids 1,096.00 13,446.00 STAR-TELEGRAM OPERATING LTD 32612 AP
1525 05/22/2013 May A/P ROFC Improvements 2,500.00 15,946.00 DELTATEK ENGINEERING 32596 AP
_______________
Account: 507-69280-010-002 Capital Repairs Totals: 15,946.00 15,946.00 **
165,000.00 Budgeted 149,054.00 Remaining 10 % Used
Account: 507-69280-010-003 Capital Repairs
1473 05/15/2013 Recode TNP inv/Ind Crk Waterli 3,800.00 2,663.28 6,463.28 GL
1525 05/22/2013 May A/P Indian Creek Waterline Replace 2,616.05 9,079.33 TEAGUE, NALL & PERKINS,INC 32614 AP
1547 05/22/2013 Void A/P Check 32614/TN&P Indian Creek Waterline Replace (2,616.05) 6,463.28 TEAGUE, NALL & PERKINS,INC 32614 AP
1574 05/30/2013 May A/P indian creek waterline replace 2,616.05 9,079.33 TEAGUE, NALL & PERKINS,INC 32634 AP
_______________
Account: 507-69280-010-003 Capital Repairs Totals: 5,279.33 9,079.33 **
210,000.00 Budgeted 200,920.67 Remaining 4 % Used
Department 10 Totals: ------------------------------------------------------------------------------------------------ 31,314.33 **
380,800.00 Budgeted 349,485.67 Remaining 8 % Used
TCMUD#1 Page 207 of 294 Meeting Date: June 18, 2013
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20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 507 MUD 1 Capital Projects Department: 20 Wastewater Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
Account: 507-60335-020-000 Interfund Transfer Out (GF)
38,101.42 .00 38,101.42
_______________
Account: 507-60335-020-000 Interfund Transfer Out (GF) Totals: .00 38,101.42 **
.00 Budgeted (38,101.42) Remaining 0 % Used
Account: 507-69005-020-001 Capital Expense
8,578.00 .00 8,578.00
_______________
Account: 507-69005-020-001 Capital Expense Totals: .00 8,578.00 **
8,200.00 Budgeted (378.00) Remaining 105 % Used
Account: 507-69005-020-004 Capital Expense
.00 .00
_______________
Account: 507-69005-020-004 Capital Expense Totals: .00 .00 **
18,000.00 Budgeted 18,000.00 Remaining 0 % Used
Account: 507-69005-020-005 Capital Expense
1526 05/22/2013 May A/P Portable submersible pump 8,553.92 8,553.92 XYLEM WATER SOLUTIONS USA INC 32620 AP
_______________
Account: 507-69005-020-005 Capital Expense Totals: 8,553.92 8,553.92 **
10,000.00 Budgeted 1,446.08 Remaining 86 % Used
Account: 507-69280-020-006 Capital Repairs
27,960.70 .00 27,960.70
_______________
Account: 507-69280-020-006 Capital Repairs Totals: .00 27,960.70 **
28,000.00 Budgeted 39.30 Remaining 100 % Used
Department 20 Totals: ------------------------------------------------------------------------------------------------ 83,194.04 **
64,200.00 Budgeted (18,994.04) Remaining 130 % Used
Fund 507 Totals: ------------------------------------------------------------------------------------------------------ (330,540.96)
(100.00) Budgeted 330,440.96 Remaining ##########
TCMUD#1 Page 208 of 294 Meeting Date: June 18, 2013
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glpdatb2 rgonzale Trophy Club MUD #1 Page 65
20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 522 2010 GO/Fire Station Department: Revenues Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
Account: 522-49145-000-000 Intergov Transfer-General Fund
1630 05/31/2013 Xfer/Prime Interpl, Clear Fund (86,726.39) (25,606.82) (112,333.21) GL
_______________
Account: 522-49145-000-000 Intergov Transfer-General Fund Totals: (25,606.82) (112,333.21) **
.00 Budgeted 112,333.21 Remaining 0 % Used
Department Totals: ------------------------------------------------------------------------------------------------ (112,333.21) **
.00 Budgeted 112,333.21 Remaining 0 % Used
Fund 522 Totals: ------------------------------------------------------------------------------------------------------ (112,333.21)
.00 Budgeted 112,333.21 Remaining 0 % Used
TCMUD#1 Page 209 of 294 Meeting Date: June 18, 2013
TROPHY CLUB MUD #1 - I&S
BALANCE SHEET
MAY 31, 2013
INTEREST &
SINKING
ASSETS
CASH IN BANK 4,846
INVESTMENTS 686,156
PREPAID EXPENSES -
ADVALOREM PROPERTY TAXES RECEIVABLE 13,618
ACCOUNTS RECEIVABLE-OTHER -
TOTAL ASSETS 704,620
LIABILITIES AND FUND BALANCE
LIABILITIES
DEFERRED REVENUE - AD VALOREM PROPERTY TAXES 13,618
ACCOUNTS AND OTHER PAYABLES -
TOTAL LIABILITIES 13,618
FUND BALANCE
ASSIGNED FUND BALANCE 136,417
NET REVENUES / EXPENDITURES 554,585
TOTAL FUND BALANCE 691,002
TOTAL LIABILITIES AND FUND BALANCE 704,620
TCMUD#1 Page 210 of 294 Meeting Date: June 18, 2013
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20:09 06/12/13 Budget Summary with Amendment
Fund: 533 MUD 1 I&S Consolidated Department: Revenues Program:
Period Ending: 5/2013
Account Description Adopted Amended Total Current YTD % of Remaining
Budget Budget Encumb. Month Total Budget Budget
533-40000-000-000 Property Taxes 196,940.00- 196,940.00- 1,101.41- 196,906.17- 99.983 33.83-
533-40002-000-000 Property Taxes/Delinquent 3,900.00- 3,900.00- 39.87- 2,547.48- 65.320 1,352.52-
533-40015-000-000 Property Taxes/P & I 5,017.00- 5,017.00- 104.57- 1,407.08- 28.046 3,609.92-
Subtotal: 205,857.00- 205,857.00- 1,245.85- 200,860.73- 97.573 4,996.27-
533-48005-000-000 Reserve Funds/PID Utility Fees 345,000.00- 345,000.00- 161,000.00- 161,000.00- 46.667 184,000.00-
Subtotal: 345,000.00- 345,000.00- 161,000.00- 161,000.00- 46.667 184,000.00-
533-49010-000-000 Interest Income 1,700.00- 1,700.00- 32.09- 240.34- 14.138 1,459.66-
533-49015-000-000 Lease/Rental Income 308,000.00- 308,000.00- 308,000.00- 100.000
Subtotal: 309,700.00- 309,700.00- 32.09- 308,240.34- 99.529 1,459.66-
Program number: 860,557.00- 860,557.00- 162,277.94- 670,101.07- 77.868 190,455.93-
Department number: Revenues 860,557.00- 860,557.00- 162,277.94- 670,101.07- 77.868 190,455.93-
Revenues Subtotal ----------- 860,557.00- 860,557.00- 162,277.94- 670,101.07- 77.868 190,455.93-
TCMUD#1 Page 211 of 294 Meeting Date: June 18, 2013
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glbase_tbam rgonzale Trophy Club MUD #1 Page 28
20:09 06/12/13 Budget Summary with Amendment
Fund: 533 MUD 1 I&S Consolidated Department: 51 Administration Program:
Period Ending: 5/2013
Account Description Adopted Amended Total Current YTD % of Remaining
Budget Budget Encumb. Month Total Budget Budget
533-70005-051-000 Paying Agent Fee 4,000.00 4,000.00 1,000.00 25.000 3,000.00
533-70025-051-000 Bond Interest Expense 229,033.00 229,033.00 114,516.25 50.000 114,516.75
533-70035-051-000 Bond Principal Payment 605,000.00 605,000.00 605,000.00
Subtotal: 838,033.00 838,033.00 115,516.25 13.784 722,516.75
Program number: 838,033.00 838,033.00 115,516.25 13.784 722,516.75
Department number: Administration 838,033.00 838,033.00 115,516.25 13.784 722,516.75
Expenditures Subtotal ----------- 838,033.00 838,033.00 115,516.25 13.784 722,516.75
Fund number: 533 MUD 1 I&S Consolidated 22,524.00- 22,524.00- 162,277.94- 554,584.82- 2,462.195 532,060.82
******* End of Report *********
TCMUD#1 Page 212 of 294 Meeting Date: June 18, 2013
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glpdatb2 rgonzale Trophy Club MUD #1 Page 66
20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 533 MUD 1 I&S Consolidated Department: Revenues Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
Account: 533-40000-000-000 Property Taxes
1589 05/01/2013 Property Taxes/Assessments (195,804.76) (62.79) (195,867.55) GL
1590 05/02/2013 Property Taxes/Assessments (10.72) (195,878.27) GL
1591 05/03/2013 Property Taxes/Assessments (7.50) (195,885.77) GL
1592 05/06/2013 Property Taxes/Assessments (22.53) (195,908.30) GL
1593 05/07/2013 Property Taxes/Assessments (78.82) (195,987.12) GL
1594 05/08/2013 Property Taxes/Assessments (3.64) (195,990.76) GL
1595 05/09/2013 Property Taxes/Assessments (1.09) (195,991.85) GL
1596 05/10/2013 Property Taxes/Assessments (13.71) (196,005.56) GL
1599 05/15/2013 Property Taxes/Assessments (7.80) (196,013.36) GL
1600 05/16/2013 Property Taxes/Assessments (52.23) (196,065.59) GL
1601 05/17/2013 Property Taxes/Assessments (137.84) (196,203.43) GL
1602 05/20/2013 Property Taxes/Assessments (82.57) (196,286.00) GL
1603 05/21/2013 Property Taxes/Assessments (22.06) (196,308.06) GL
1604 05/22/2013 Property Taxes/Assessments (57.24) (196,365.30) GL
1605 05/23/2013 Property Taxes/Assessments (39.20) (196,404.50) GL
1606 05/24/2013 Property Taxes/Assessments (83.36) (196,487.86) GL
1607 05/28/2013 Property Taxes/Assessments (237.29) (196,725.15) GL
1608 05/29/2013 Property Taxes/Assessments (94.93) (196,820.08) GL
1609 05/30/2013 Property Taxes/Assessments (26.64) (196,846.72) GL
1610 05/31/2013 Property Taxes/Assessments (59.46) (196,906.18) GL
1655 05/31/2013 Bank Rec adjustment .01 (196,906.17) GL
_______________
Account: 533-40000-000-000 Property Taxes Totals: (1,101.41) (196,906.17) **
(196,940.00) Budgeted (33.83) Remaining 100 % Used
Account: 533-40002-000-000 Property Taxes/Delinquent
1590 05/02/2013 Property Taxes/Assessments (2,507.61) (25.00) (2,532.61) GL
1604 05/22/2013 Property Taxes/Assessments (12.01) (2,544.62) GL
1609 05/30/2013 Property Taxes/Assessments (2.86) (2,547.48) GL
_______________
Account: 533-40002-000-000 Property Taxes/Delinquent Totals: (39.87) (2,547.48) **
(3,900.00) Budgeted (1,352.52) Remaining 65 % Used
Account: 533-40015-000-000 Property Taxes/P & I
1589 05/01/2013 Property Taxes/Assessments (1,302.51) (6.90) (1,309.41) GL
1590 05/02/2013 Property Taxes/Assessments (12.19) (1,321.60) GL
1593 05/07/2013 Property Taxes/Assessments (5.02) (1,326.62) GL
1599 05/15/2013 Property Taxes/Assessments (1.01) (1,327.63) GL
1600 05/16/2013 Property Taxes/Assessments (2.44) (1,330.07) GL
1601 05/17/2013 Property Taxes/Assessments (14.34) (1,344.41) GL
TCMUD#1 Page 213 of 294 Meeting Date: June 18, 2013
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glpdatb2 rgonzale Trophy Club MUD #1 Page 67
20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 533 MUD 1 I&S Consolidated Department: Revenues Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
1602 05/20/2013 Property Taxes/Assessments (1,302.51) (8.42) (1,352.83) GL
1604 05/22/2013 Property Taxes/Assessments (8.16) (1,360.99) GL
1606 05/24/2013 Property Taxes/Assessments (8.25) (1,369.24) GL
1607 05/28/2013 Property Taxes/Assessments (28.74) (1,397.98) GL
1608 05/29/2013 Property Taxes/Assessments (5.13) (1,403.11) GL
1609 05/30/2013 Property Taxes/Assessments (.80) (1,403.91) GL
1610 05/31/2013 Property Taxes/Assessments (3.17) (1,407.08) GL
_______________
Account: 533-40015-000-000 Property Taxes/P & I Totals: (104.57) (1,407.08) **
(5,017.00) Budgeted (3,609.92) Remaining 28 % Used
Account: 533-48005-000-000 Reserve Funds/PID Utility Fees
1587 05/31/2013 Texpool xfer-PID Conn to I&S (161,000.00) (161,000.00) GL
_______________
Account: 533-48005-000-000 Reserve Funds/PID Utility Fees Totals: (161,000.00) (161,000.00) **
(345,000.00) Budgeted (184,000.00) Remaining 47 % Used
Account: 533-49010-000-000 Interest Income
1583 05/31/2013 May bank interest (208.25) (32.09) (240.34) GL
_______________
Account: 533-49010-000-000 Interest Income Totals: (32.09) (240.34) **
(1,700.00) Budgeted (1,459.66) Remaining 14 % Used
Account: 533-49015-000-000 Lease/Rental Income
(308,000.00) .00 (308,000.00)
_______________
Account: 533-49015-000-000 Lease/Rental Income Totals: .00 (308,000.00) **
(308,000.00) Budgeted .00 Remaining 100 % Used
Department Totals: ------------------------------------------------------------------------------------------------ (670,101.07) **
(860,557.00) Budgeted (190,455.93) Remaining 78 % Used
TCMUD#1 Page 214 of 294 Meeting Date: June 18, 2013
.
glpdatb2 rgonzale Trophy Club MUD #1 Page 68
20:10 06/12/13 Detailed Accounting Trial Balance
Fund: 533 MUD 1 I&S Consolidated Department: 51 Administration Program:
Period Ending: 5/2013
JE JE JE JE Detail Beginning Transaction Transaction Vendor_Name Check Source
Number Date Description Description/Comment Balance Detail Detail Number
(SUBTOTAL)
Account: 533-70005-051-000 Paying Agent Fee
1,000.00 .00 1,000.00
_______________
Account: 533-70005-051-000 Paying Agent Fee Totals: .00 1,000.00 **
4,000.00 Budgeted 3,000.00 Remaining 25 % Used
Account: 533-70025-051-000 Bond Interest Expense
114,516.25 .00 114,516.25
_______________
Account: 533-70025-051-000 Bond Interest Expense Totals: .00 114,516.25 **
229,033.00 Budgeted 114,516.75 Remaining 50 % Used
Account: 533-70035-051-000 Bond Principal Payment
.00 .00
_______________
Account: 533-70035-051-000 Bond Principal Payment Totals: .00 .00 **
605,000.00 Budgeted 605,000.00 Remaining 0 % Used
Department 51 Totals: ------------------------------------------------------------------------------------------------ 115,516.25 **
838,033.00 Budgeted 722,516.75 Remaining 14 % Used
Fund 533 Totals: ------------------------------------------------------------------------------------------------------ (554,584.82)
(22,524.00) Budgeted 532,060.82 Remaining ##########
Grand Totals: --------------------------------------------------------------------------------------------------------- (1,064,039.15) ****
(22,624.00) Budgeted 1,041,415.15 Remaining ##########
******* End of Report *********
TCMUD#1 Page 215 of 294 Meeting Date: June 18, 2013
Fund Fund #
Unassigned
(Available for any
purpose)
Assigned
(Intended to be
used for specific
purposes)
Non-Spendable
(Amounts not in
spendable form &
required to be
maintained
intact)
Total Fund
Balances
2013
Adopted
Expense
Budget
%
Unassigned
Fund
Balance to
Adopted
Expenses
2013 Amended
Expense
Budget
%
Unassigned
Fund Balance
to Amended
Expenses
General Fund 135 $2,478,868 $456,156 $0 $2,935,024 $6,509,259 38.0822%$6,488,157 38.2060%
Fire Department 122 $811,039 $0 $811,039 $1,335,883 60.7118%$1,341,471 60.4589%
Capital Projects 507 $395,734 $0 $395,734
GASB 137 $214,249 $214,249
Interest & Sinking 533 $691,002 $691,002
$3,685,641 $1,361,407 $0 $5,047,048 $7,845,142 $7,829,628
Our GASB #54 Policy states that our goal is to achieve and maintain our General Fund Unassigned Fund Balance equal to 35% of expenditures and not to go
below 25%, barring unusual or deliberate circumstances.
Fund Fund #
Unassigned
(Available for any
purpose)
Assigned
(Intended to be
used for specific
purposes)
Non-Spendable
(Amounts not in
spendable form &
required to be
maintained
intact)
Total Fund
Balances
2013
Adopted
Expense
Budget
%
Unassigned
Fund
Balance to
Adopted
Expenses
2013 Amended
Expense
Budget
%
Unassigned
Fund Balance
to Amended
Expenses
General Fund 135 $2,478,868 $456,156 $0 $2,935,024 $6,509,259 $6,488,157
Fire Department 122 $811,039 $0 $811,039 $1,335,883 $1,341,471
Capital Projects 507 $395,734 $0 $395,734 0 0
GASB 137 $214,249 $214,249 0 0
Interest & Sinking 533 $691,002 $691,002 0 0
$3,685,641 $1,361,407 $0 $5,047,048 $7,845,142 46.9799%$7,829,628 47.0730%
* Our Auditors class General Fund, Fire Department, Capital Projects and GASB Funds together as Total General Fund. This sheet calculates the % accordingly.
Trophy Club MUD #1 Fund Balances @ 5/31/13 - by Separate Funds
Trophy Club MUD #1 Fund Balances @ 5/31/13 - by All Funds Together *
Unassigned Fund Balance Percentages based on GASB 54 Policy adopted September 2012
Unassigned Fund Balance Percentages based on GASB 54 Policy adopted September 2012
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BUDGET VARIANCE REPORT
FUND:122 - Fire O&M
FINANCIALS MONTH:May 2013
REVENUE VARIANCE:58%
EXPENSE VARIANCE:77%
NOTE:
ACCOUNT DESCRIPTION TOTAL
BUDGET
CURRENT
MONTH
YTD
TOTAL
YTD %VARIANCE EXPLANATION
FIRE REVENUES
122-40001 Assessments/Emer. Services 252,084 959 254,078 101%Collection of PID Emergency Svcs
Assessments
122-40003 Emer Svcs Assessment/Delinquent 700 61 66 9%Delinquent taxes collected/prior year
122-40010 Property Taxes/MUD Fire 1,050,349 5,875 1,050,193 100%Collection of Property Taxes
122-40011 Property Taxes/Fire Delinquent 5,800 72 (3,868)-67%Tax refund causing a debit balance
122-40015 Property Taxes/Assessments P&I 750 118 631 84%Emergency Svcs Assessments
Penalties & Interest
122-40020 Property Taxes/Fire P&I 4,500 506 3,637 81%Fire Taxes Penalties & Interest
122-49900 Miscellaneous Income 5,200 1,150 6,389 123%Fire Line and Omnicom fees (May
permits)
122-49903 Recovery of Prior Year Expense - 4,341 4,341 0%Prior year expense recovered in Due to/
Due From reconciliation
FIRE EXPENSES
122-50045-045 Workman's compensation 10,000$ 275$ 10,275$ 103%Firefighter cert pay
122-60010-045 Communications/Mobiles 3,500$ 215$ 2,866$ 82%Denton County Dispatch
122-65015-045 Protective Clothing 7,600$ 5,405$ 6,405$ 84%3 sets of coats and pants bunker gear
Explanation provided for all accounts with a Year-To-Date percentage (YTD%)less than the Revenue Variance and greater than or
equal to the Expense Variance. The Revenue and Expense Variance is calculated on a straight-line method (Financials Month x 8.3%),
less 8.3% for revenues and plus 10% for expenses. Only accounts with current month activity will be listed
TCMUD#1 Page 231 of 294 Meeting Date: June 18, 2013
BUDGET VARIANCE REPORT
FUND:135 - MUD 1 O&M
FINANCIALS MONTH:May 2013
REVENUE VARIANCE:58%
EXPENSE VARIANCE:77%
NOTE:
ACCOUNT DESCRIPTION TOTAL
BUDGET
CURRENT
MONTH
YTD
TOTAL
YTD %VARIANCE EXPLANATION
REVENUE
135-40000 Property Taxes 99,884 559 99,867 100%Collection of Property Taxes
135-40002 Property Taxes Delinquent 624 11 (371)-59%Tax refund causing a debit balance
135-40015 Property Taxes/P&I 1,200 61 757 63%Collection of delinquent accounts
135-47035 Plumbing Inspections 1,800 200 700 39%Charged for new MUD home permits
135-47045 Sewer Inspections 5,200 600 2,550 49%Charged for new MUD home permits
135-47070 TCCC Effluent Charges 77,575 8,198 20,776 27%Higher usage in summer months
135-48005 Utility Fees 644,000 163,300 347,300 54%# of PID Connections April & May
135-49075 Oversize Meter Reimbursement 73,000$ 24,092$ 54,636$ 75%Cost for 1" oversized meter for April & May
135-49900 Miscellaneous Income 13,213$ 5,534$ 9,213$ 70%Sold scrap metals
135-49903 Recovery of Prior Year Expense -$ 9,672$ 11,789$ 0%Prior year expense recovered in Due to/Due
From reconciliation
WATER
135-55045-010 Workman's Comp 6,109$ (5,151)$ 6,293$ 103%Paid at first of year
135-55090-010 Vehicle Maintenance 4,650$ 753$ 3,638$ 78%Decals on water truck and tire purchase
135-60135-010 TCEQ Fees & Permits 42,743$ 2,469$ 43,294$ 101%Balance due North Texas Groundwater
135-65050-010 Meter Expense 143,550$ 47,824$ 147,057$ 102%Model 70 meters and Orion Heads
135-69195-010 Gasb 34/Reserve for replacement 30,000$ 30,000$ 30,000$ 100%Transfer to Gasb fund for Water
replacement
WASTEWATER
135-50045-020 Workman's Comp 2,939$ 551$ 5,960$ 203%Paid at first of year
135-55070-020 Independent Labor 84,418$ 11,500$ 77,500$ 92%The Wallace Group
135-55080-020 Maintenance & Repairs 41,205$ 1,895$ 42,089$ 102%Blower motor and repair
135-55090-020 Vehicle Maintenance 3,350$ 885$ 4,518$ 135%Backhoe repair
135-60100-020 Travel & Per Diem 1,400$ 1,054$ 3,257$ 233%Tour of Out of State Wastewater plants
135-60136-020 TCEQ Environmental Proj (SEP)40,400$ 40,400$ 40,400$ 100%SEP Project
135-60245-020 Miscellaneous Expense 200$ 54$ 202$ 101%Hard drive
135-65040-020 Safety Equipment 500$ 43$ 527$ 105%first aid supplies
135-65045-020 Lab Supplies 10,000$ 1,796$ 12,995$ 130%LDO Probes and testing supplies
COLLECTIONS
135-50045-021 Workman's Comp 3,348$ 552$ 4,897$ 146%Paid at first of year
135-55080-021 Maintenance & Repairs 20,000$ 1,017$ 15,963$ 80%key pad LS #8, floats for lift stations, lift
station #8 cover plate
135-55090-021 Vehicle Maintenance 1,600$ 303$ 1,344$ 84%Bulb oil, decals for trucks
135-60100-021 Travel & Per Diem 450$ 518$ 2,093$ 465%Tour of Out of State Wastewater plants
BOARD OF DIRECTORS
135-60100-026 Travel & Per Diem 5,000$ 1,764$ 4,106$ 82%Tour of Out of State Wastewater plants
ADMINISTRATION
135-50027-030 Dental 3,379$ 386$ 2,798$ 83%Expensed through payroll
135-50045-030 Workman's Comp 831$ 98$ 939$ 113%Paid at the first of the year
135-60005-030 Telephone 10,500$ 2,638$ 8,237$ 78%Telephone costs split with Town, April & May
135-60100-030 Travel & Per Diem 3,616$ 1,634$ 3,697$ 102%Tour of Out of State Wastewater plants
135-60243-030 Prior Year Expense 1,263$ 2,028$ 3,291$ 261%P/Y expenses in Due to/Due from
reconciliation
135-65085-030 Office Supplies 8,200$ 1,807$ 6,491$ 79%Reflective stickers, Leak blank post cards
135-65095-030 Maintenance Supplies 1,500$ 150$ 2,319$ 155%Coffee, kitchen supplies, paper goods
135-69195-030 Gasb 34/Reserve for replacement 26,911$ 26,911$ 26,911$ 100%Transfer to GASB fund for IT
NON-DEPARTMENTAL
135-55045-039 Legal 70,000$ 6,004$ 141,516$ 202%Various legal fees
135-60344-039 Intergov Transfer out (Fire CIP)-$ 25,607$ 112,333$ 0%Interpleader suit for $left after Prime
Vendors paid
Explanation provided for all accounts with a Year-To-Date percentage (YTD%)less than the Revenue Variance and greater than or equal to the
Expense Variance.The Revenue and Expense Variance is calculated on a straight-line method (Financials Month x 8.3%),less 8.3% for
revenues and plus 10% for expenses. Only accounts with current month activity will be listed
TCMUD#1 Page 232 of 294 Meeting Date: June 18, 2013
100 Municipal Drive
Trophy Club, Texas 76262Trophy Club Entities
Legislation Details (With Text)
File #: Version:12013-108-M1 Name:
Status:Type:M1 Agenda Item Regular Session
File created:In control:5/18/2011 Trophy Club Municipal Utility District No. 1
On agenda:Final action:
Title:Consider and take appropriate action to approve proposal for Cost of Service Water and Sewer Rate
Analyses and authorize District Manager to execute contract with selected firm. (Sisk)
Attachments:Stowe Rate Study Proposal.pdf
Action ByDate Action ResultVer.
Title
Consider and take appropriate action to approve proposal for Cost of Service Water and Sewer Rate Analyses and
authorize District Manager to execute contract with selected firm. (Sisk)
TCMUD#1 Page 233 of 294 Meeting Date: June 18, 2013
STATEMENT OF QUALIFICATIONS:
WATER AND SEWER RATE STUDY
ATTENTION: TERRI SISK
JUNE 12, 2013
Submitted by:
A Division of
NewGen Strategies & Solutions, LLC
TCMUD#1 Page 234 of 294 Meeting Date: June 18, 2013
A Division of
NewGen Strategies & Solutions, LLC
June 12, 2013
Ms. Terri Sisk
Trophy Club Municipal Utility District No. 1
100 Municipal Drive
Trophy Club, Texas 76262
Subject: Response to Request for Proposals Water and Sewer Rate Study
Dear Ms. Sisk:
J. Stowe & Co., a division of NewGen Strategies & Solutions, LLC. (“J Stowe & Co.”) is pleased to respond
to the Trophy Club Municipal Utility District No. 1’s (“TCMUD”) Request for Proposal for firms interested
in assisting TCMUD in conducting a Water and Sewer Rate Study.
The J. Stowe & Co. Project Team members, located in Dallas and Austin, Texas, individually bring up to
forty (40) years of project experience in supporting and assisting water and wastewater utilities across
the State of Texas. Comprised of MPA’s, MBA’s, Accountants, and Financial Analysts, our proposed
Project Team brings approximately 65 (sixty-five) combined years of consulting experience to the
proposed project. However, it is not only the years of professional and consulting experience which
qualifies our Project Team for the proposed project, but also our reputation for providing quality water
and wastewater cost of service and rate design studies that meet the goals and objectives of our clients
while also withstanding the scrutiny of regulatory and judicial bodies.
Overall, we believe that our Project Team is uniquely qualified to assist the District for reasons including,
but not limited to, the following:
1. Extensive History in conducting Cost of Service and Rate Design Studies for municipal utilities.
Members of the J. Stowe & Co. Project Team have assisted a number of municipalities, as well as
River Authorities and Water Districts, in conducting and/or reviewing cost of service and rate
design studies. All told, our proposed Project Team members have collectively conducted well
over a hundred and fifty (150) such studies for utilities in Texas and across the nation. A brief
list of Texas entities which have engaged members of our Project Team for such services
include, but are not limited to, the following:
• Addison, Texas
• Aledo, Texas
• Arlington, Texas
• Brenham, Texas
• Burnet, Texas
• Celina, Texas
• Coleman, Texas
• Dallas, Texas
• Dallas County WCID#6
• Decatur, Texas
• Denton, Texas
• Farmersville, Texas
• Gainesville, Texas
TCMUD#1 Page 235 of 294 Meeting Date: June 18, 2013
Ms. Terri Sisk
June 12, 2013
Page 2
• Garland, Texas
• Glenn Heights, Texas
• Graham, Texas
• Grapevine, Texas
• Haltom City, Texas
• Killeen, Texas
• Lewisville, Texas
• Mansfield, Texas
• Marilee Special Utility District
• McGregor, Texas
• Paris, Texas
• Prosper, Texas
• Rowlett, Texas
• Sachse, Texas
• Seagoville, Texas
• Southlake, Texas
• Tarrant Regional Water District
• Terrell, Texas
• Tyler, Texas
• Waco, Texas
• Weatherford, Texas
2. True Rate Experts Proven before Judicial and Regulatory Bodies
In the consulting industry, the status of an expert is not bestowed upon those who are members
of, or who hold positions in, industry associations that do not require demonstration or
verification of expertise, nor is the designation of expert bestowed on those who present at
trade associations where opinions are rarely challenged. Experts are those that are tried and
proven before regulatory commissions and courts, and by those authorities, deemed credible as
witnesses who possess the professional and practiced knowledge and skills to provide expert
testimony on the subject matter. As evidenced by the enclosed resumes, key Project Team
members are recognized as expert witnesses or have provided litigation support service before
regulatory agencies in the State of Texas including the Texas Commission on Environmental
Quality (“TCEQ”). Our key Project Team members have withstood the intense scrutiny and
testing of legal counsels and judicial bodies and have been declared by these regulatory
authorities as true experts in their field including in the areas of cost of service determination
and rate design.
3. Breadth and Depth of Project Team Qualifications and Experience
As evidenced by the enclosed Project Team resumes, the J. Stowe & Co. Project Team brings not
only a broad and diverse set of skills and qualifications to this engagement, but also the years of
experience necessary to ensure the District a project which will not only meet the desired goals
and objectives while achieving the quality standards demanded of such an engagement, but also
a final product which reflects the trends, both past and present, within the utility industry.
Throughout their respective careers, our Project Team members have been on the front-lines of
utility rate-making within the state and have been involved in the seminal decisions and
precedents set by rate regulatory authorities. In addition, our younger Project Team members
bring the skills and qualifications necessary to produce utility rate models for client use which
utilize the powerful software tools available to assist in efficient and effective rate analysis by
District staff. Few Project Teams bring both perspectives which, in our opinion, is necessary to
produce a quality result.
TCMUD#1 Page 236 of 294 Meeting Date: June 18, 2013
Ms. Terri Sisk
June 12, 2013
Page 3
4. Commitment to a Quality Product
As noted in our qualifications, J. Stowe & Co. maintains an active presence before rate
regulatory authorities and is routinely requested to provide expert opinions on rate matters by
legal counsels representing clients throughout Texas. For J. Stowe & Co. to maintain its
reputation and presence within the regulatory environment, our product must be of such
quality to withstand intense scrutiny. The product developed by the Project Team for this
engagement will withstand such scrutiny.
We believe our professional experience coupled with the qualifications of our veteran Project Team’s
expertise in cost of service and rate design matters, meets the criteria desired by the District. We stand
committed and have sufficient availability to deliver a quality work product that meets the objectives of
the Request for Proposal.
We thank you for this opportunity and your favorable consideration of our qualifications, and look
forward to continuing our professional relationship with the District and its staff. Should you, District
Staff, or District Council have any questions regarding this proposal, please do not hesitate to contact
Mr. Chris Ekrut at 972.680.2000 or via e-mail at cekrut@jstoweco.com.
Very truly yours,
Chris Ekrut
Director
J. Stowe & Co., LLC.
TCMUD#1 Page 237 of 294 Meeting Date: June 18, 2013
Trophy Club Municipal Utility District No. 1
Water and Sewer Rate Study
Cover Letter
TABLE OF CONTENTS
A. Firm Profile ................................................................................................................................ 1
Firm Overview / Services Offered .......................................................................................................... 1
Contact Information ............................................................................................................................... 2
B. Project Team Profile .................................................................................................................. 3
Resumes ................................................................................................................................................. 3
Information on Similar Projects.............................................................................................................. 7
C. Description of Study Understanding ....................................................................................... 11
Project Understanding.......................................................................................................................... 11
D. Work Plan ................................................................................................................................ 11
Proposed Work Plan ............................................................................................................................. 11
E. Fees ......................................................................................................................................... 17
F. Legal Action ............................................................................................................................. 18
G. Schedule .................................................................................................................................. 19
Timeline ................................................................................................................................................ 19
H. References ............................................................................................................................... 20
I. Insurance ................................................................................................................................. 21
TCMUD#1 Page 238 of 294 Meeting Date: June 18, 2013
Trophy Club Municipal Utility District No. 1
Water and Sewer Rate Study
1
A. FIRM PROFILE:
FIRM OVERVIEW / SERVICES OFFERED
J. Stowe & Co., a division of NewGen Strategies and Solutions, LLC., is an environmental economic
and financial consulting firm specializing in providing professional services to public and private
sector utilities. Founded by Mr. Jack E. Stowe, Jr. in April 2008 and incorporated with NewGen
Strategies & Solutions, LLC. in September 2012, the firm provides a wide variety of consulting
services to public and private sector clients. Services provided by our firm range from complex
economic and financial analysis to the provision of expert testimony and/or litigation support in
contested administrative and civil proceedings before regulatory agencies, and state and federal
courts. Because of our active presence before such entities, our consultants have been recognize d
as experts in their respective fields – a distinction which is granted based on the quality of service
provided and can only be earned through diligent, meticulous analysis. Our firm prides itself in our
reputation as experts and we strive to ensure that every client receives this unparalleled level of
service.
Firm History
Mr. Jack Stowe, who serves as the General Manager of the firm, was a member of the National
Regulatory Consulting Group of Touche Ross & Company (now Deloitte & Touche) from 1975 until
1984. After serving as the Chief Financial Officer/Treasurer of an international real estate
investment company for one and a half years, Mr. Stowe formed Aries Resource Management as a
regulatory consulting firm which, in 1986, partnered with Reed Municipal Services, Inc. (founded by
Mr. Keith Reed, retired Director of Finance for the City of Arlington, Texas) to form Reed-Stowe &
Co., Inc., a utility/regulatory consulting firm which was recognized by the SMU Cox School of
Business and the Dallas CEO Institute in the inaugural naming of the Dallas 100. In 1997, Reed-
Stowe & Co., Inc. was acquired by Navigant Consulting, Inc. In 2000, Mr. Stowe formed Reed Stowe
& Yanke, LLC which was acquired by R. W. Beck, Inc. in 2003.
In April, 2008 after the expiration of his Employment Contract with R. W. Beck, Inc., Mr. Stowe
founded J. Stowe & Co., which in 2009 became J. Stowe & Co., LLC. In September 2012, J. Stowe &
Co. became an operating division of NewGen Strategies & Solutions, LLC., to expand the expertise of
our Project Team as well as to broaden our reach of services throughout the nation. Throughout
this thirty-five year history, the firms under Mr. Stowe’s guidance have been dedicated to providing
consulting services with foresight and incorporating emerging technologies assuring clients of the
highest caliber of professional services.
Company Philosophy
J. Stowe & Co. seeks to assist our clients in assuring fiscal responsibility while maximizing the
benefits associated with the consumption of natural resources and promoting a cleaner and safer
environment. Our assistance to the public sector is provided with a keen insight to the growth in
the cost of providing utility services and the ability to pay, thereby ensuring a balanced approach to
full cost recovery and customer affordability.
TCMUD#1 Page 239 of 294 Meeting Date: June 18, 2013
Trophy Club Municipal Utility District No. 1
Water and Sewer Rate Study
2
CONTACT INFORMATION
J. Stowe & Co., is an operating division of NewGen Strategies & Solutions, LLC., and currently
maintains offices in Texas at 1300 E. Lookout Drive, Suite 100, Richardson, TX 75082 and 515 Congress
Avenue, Suite 1515, Austin, TX 78701.
For further information or questions regarding this proposal, please contact Chris Ekrut in our
Richardson Office at (972) 680-2000 Extension 230 or via e-mail at cekrut@jstoweco.com .
TCMUD#1 Page 240 of 294 Meeting Date: June 18, 2013
Trophy Club Municipal Utility District No. 1
Water and Sewer Rate Study
3
B. PROJECT TEAM PROFILE:
RESUMES
Mr. Jack E. Stowe Jr.
President- QA/QC
EDUCATION
Bachelor of Arts in Accounting, North Texas State University
EXPERIENCE
Mr. Stowe's public sector consulting career began in 1975. His career includes nine (9) years
in a "big-eight" public accounting and consulting firm where he held the title of Manager at
the time of his resignation. After serving one and one-half years as Chief Financial Officer
and Treasurer of an International Real Estate firm, Mr. Stowe founded Aries Resource
Management as a consulting group dedicated to serving the Public Sector. In 1986, Aries
Resource Management entered into a partnership agreement with Reed Municipal Services,
Inc., to form Reed-Stowe & Co. In 1997, Reed-Stowe & Co. was acquired by Navigant
Consulting. Mr. Stowe served as a Director within Navigant Consulting from 1997 until
2000. In October 2000, Mr. Stowe established Reed, Stowe & Yanke, LLC which, in March
2003, was acquired by R. W. Beck, Inc. During his tenure with R.W. Beck, Mr. Stowe served
as the Local Practice Leader for the Firm’s Utility Services Practice - Gulf Coast Region. Upon
expiration of his employment contract with R.W. Beck in March 2008, Mr. Stowe founded J.
Stowe & Co.
Mr. Stowe has performed or managed well in excess of one-hundred (100) retail and/or
wholesale water and/or wastewater cost of service and rate design studies during his
professional career, and in excess of twenty (20) regional/economic wholesale water and/or
wastewater feasibility studies. Mr. Stowe has testified on numerous occasions before all
three (3) rate regulatory agencies of the State of Texas, as well as state, district, and federal
courts as an expert in cost of service, cost allocation, and rate design.
Mr. Stowe will provide quality assurance/quality control (“QA/QC”) for this engagement.
TCMUD#1 Page 241 of 294 Meeting Date: June 18, 2013
Trophy Club Municipal Utility District No. 1
Water and Sewer Rate Study
4
Mr. Chris Ekrut, MPA, CAPM
Director – Project Manager
EDUCATION
Bachelor of Arts, Public Administration, West Texas A&M University
Master of Public Administration, University of North Texas
EXPERIENCE
Mr. Ekrut, who will serve as the Project Manager, will be responsible for the successful
completion of the Project and will serve as the day-to-day contact for the District during the
course of the engagement. Mr. Ekrut began his utility consulting career in 2004 with R.W.
Beck, Inc. and later joined J. Stowe & Co. in 2008. His experience includes conducting a
variety of water, wastewater, solid waste, natural gas, and electric utility projects. Mr. Ekrut
has managed and/or assisted in the conduct of a number of wholesale and retail cost of
service and rate design studies, and has developed supportive, user-friendly econometric
models for clients. Mr. Ekrut has also assisted a number of clients in negotiating wholesale
water contracts and is retained annually by a number of clients to perform contractually
required wholesale rate calculations. Further, Mr. Ekrut also specializes in developing utility
Business Plans, and has been called upon to speak on the importance of Business Planning
before the Texas Section of the American Water Works Association. Mr. Ekrut has also
assisted in providing litigation support and expert witness testimony development before all
three (3) rate regulatory agencies of the State of Texas. Specifically before the Texas
Commission on Environmental Quality, Mr. Ekrut has filed written, direct testimony in
support of three (3) cost of service and rate design applications for clients. All three (3)
applications were contested and ultimately settled with the Utility receiving a portion of the
requested rate increase.
TCMUD#1 Page 242 of 294 Meeting Date: June 18, 2013
Trophy Club Municipal Utility District No. 1
Water and Sewer Rate Study
5
Ms. Kim Bostik
Senior Consultant– Project Analyst
EDUCATION
Bachelor of Business Administration in Accounting, Texas A&M University
EXPERIENCE
Ms. Kim Bostik, a senior consultant at J. Stowe & Co., will serve as the primary project
analyst for this engagement and will be responsible for the data analysis required to
conduct the Wholesale and Retail Water Cost of Service and Rate Design Study. After
receiving her Bachelor’s degree in accounting from Texas A&M University, Ms. Bostik
started her career at Duke Energy Trading & Marketing beginning as an accountant and later
moving to the trade floor as a Senior Risk Analyst. In 2007, Ms. Bostik joined R. W. Beck, a
utility consulting firm specializing in conducting fully allocated cost of service and rate
design studies, economic feasibility studies, and litigation support. Her background includes
performing fully allocated customer class cost of service and rate design studies for water
and wastewater utilities, litigation support before the rate regulatory agencies of the State
of Texas, impact fee design, advanced metering infrastructure procurement, CCN valuations,
and extensive development of Microsoft Excel based models for client use. In 2010, Ms.
Bostik served as a Risk Consultant on the trade floor at Energy Future Holdings. There she
performed analytical duties on the Power Trading desk. In 2012, Ms. Bostik joined J. Stowe
& Co. as a Senior Consultant and continues to focus on providing consulting services to the
water, wastewater, and electric utility industries. While with J. Stowe & Co., Ms. Bostik has
performed a number of water and wastewater rate studies including studies for the Cities of
Tyler and Argyle Water Supply Corporation.
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Mr. Justin Rasor
Staff Consultant – Project Support
EDUCATION
Bachelor of Science , Construction Management, Illinois State University
Leadership in Environmental Energy and Design - LEED Accredited Professional
EXPERIENCE
Mr. Rasor joined J. Stowe & Co. as a Staff Consultant in June 2012. Prior to joining the firm,
Mr. Rasor began his career as a Project Engineer responsible for managing and estimating
schedules and construction costs for healthcare projects in Chicago, IL. Mr. Rasor left the
construction industry to work at Kershner Trading Group in Austin, TX where he managed
short-term investments using equities and options. Mr. Rasor has experience in cost of
service, rate design, financial analysis and depreciation analysis for a variety of water,
wastewater, electric, and gas utilities.
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INFORMATION ON SIMILAR PROJECTS
The following presents just a sampling of the Project Team’s experience in providing the same or similar
services as those requested by TCMUD. J. Stowe & Co. is proud of our relationship with our clients and
our reputation in the marketplace. To that end, we would encourage TCMUD to contact the references
included herein. Should additional references be needed, they will gladly be provided on request.
Water Cost of Service and Rate Design Study – Argyle Water Supply Corporation
In 2006 and then again in 2012, members of the J. Stowe & Co. Project Team assisted Argyle Water
Supply Corporation (“AWSC”) in performing a Water Cost of Service and Rate Design Study and assisted
the utility in establishing capital recovery fees under the guidance of Section 396 of the Texas Local
Government Code. As part of the analysis, the Project Team reviewed the capital needs of AWSC and,
based on the anticipated funding plan, projected rates and fees necessary to ensure sufficient fiscal
resources would be available to the utility to implement the capital improvements plan. The Project
Team also reviewed the utility’s rate structure for compliance with the Texas Water Conservation
Implementation Task Force’s Best Management Practices Guide to ensure proper pricing signals were
being sent to customers to encourage water conservation. Recommendations made by the Project
Team were ultimately presented and adopted by the AWSC Board and members of J. Stowe & Co.
continue to provide financial guidance to the AWSC Board on an annual basis.
Water and Wastewater Rate and Financial Model Consulting Services – Grapevine, Texas
In 2008, members of the J. Stowe & Co. Project Team performed a cost of service and rate design study
for the City’s water and wastewater utilities. Recognizing current volumetric only rates do not
encourage water conservation, the City sought to amend its water rate design to include a volumetric
rate which utilized inclining rates. The study took into account the increasing costs incurred by the
Utility associated with the on-going contracts to receive wholesale treated water and wastewater
treatment service from regional supply and treatment systems. The Project Team developed a five-year
forecast of revenue requirements, including the requirements to maintain debt service coverage and to
fund the Utility’s planned pay-as-you-go capital improvements program, and presented the City with
four different rate options for consideration. A custom-built rate Model, utilizing Microsoft Excel, was
developed and provided to the City to assist Staff in annually monitoring water and wastewater rate
performance.
In 2013, Project Team members were again retained to review the City’s rates in light of an increase in
needed capital improvements on the City’s water and wastewater system. Due to a significant amount
of reserves in the water and wastewater utility fund, the City chose to delay the recommended rate
increases from the 2008 rate study. At the current time, the City finds itself in a position where it needs
to act on rates in order to maintain the financial viability of the utility systems while also providing
sufficient funds for needed capital improvements. As part of this rate review, the Project Team
amended the City’s rate model to allow for greater planning and input of cash capital outlays and also
developed additional modules to allow the City additional analysis capabilities regarding the impact of
moving to an inclining block rate structure.
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Water and Wastewater Rate Consulting Services – Lewisville, Texas
Members of J. Stowe & Co. have been providing consulting services to the City of Lewisville, Texas since
1988. Members of the Project Team conducted water and wastewater cost of service and rate design
studies for the City in 1988, 1990, and 1992. In 1996, the City requested a water and wastewater cost of
service and rate design study, as well as the development of an electronic rate model, which has been in
active use by the City since the model’s inception.
Members of J. Stowe & Co. also assisted the City before the Texas Natural Resource Conservation
Commission (now the TCEQ) in a contested case against a wholesale wastewater customer. Based on
expert witness testimony provided by Mr. Stowe, the City received a favorable ruling.
In 2000, the City requested members of J. Stowe & Co. to determine the cost to provide wholesale
wastewater service to a potential customer and incorporate the cost of service determination into the
City’s existing rate model. Project Team members also assisted the City in determining the cost of
providing wholesale water to a potential customer as well as developing the wholesale water supply
agreement.
In 2012, the City retained members of the Project Team to develop a series of rate design modules
which were added to the City’s existing electronic rate model previously developed by members of the
Project Team. These modules calculated the rates required under an inclining block structure and under
a seasonal rate structure and calculated the anticipated impact to the City’s customers from these rate
structure changes. The developed modules allowed the City to evaluate “what-if” scenarios including
variations in the City’s minimum charge, variations in the number of gallons included within each block,
as well as the percentage differential between the rates charged for each inclining block. The model
also incorporated and quantified the impact of the price elasticity of demand that would be anticipated
to be experienced by the City as it moved from a flat volumetric rate to an inclining block water rate.
Retail Water and Wholesale and Retail Wastewater Rate Study – Garland, Texas
In 2013, J. Stowe & Co. was engaged by the City of Garland, Texas to assist the City in conducting a water
rate study for the City’s retail customers and a wholesale and retail rate study for the City’s wastewater
customers. For the past several years, the City has relied on outside consultants for the majority of the
City’s required rate analysis. With the current study, the City desires to bring rate analysis back in-house
and, to that end, has requested our Project Team to develop Microsoft-Excel based rate models for use
by City staff. Once complete, the rate models will allow City staff to easily update the required financial
and customer usage information within the models and to run what-if scenarios regarding the long-term
funding and execution of capital projects. Coupled with the rate study and rate model development, the
City has also requested our Project Team’s assistance in developing a new uniform wholesale
wastewater contract. Currently, the City provides wholesale wastewater service to a number of entities
under a variety of contract terms and conditions. These varying contracts make it difficult for City staff
to manage service to wholesale wastewater customers and creates significant administrative burden in
calculating wholesale wastewater rates. It is anticipated that once developed and approved by the
City’s legal department, the City will phase-in the new uniform contract where possible, simplifying
contract administration and allowing the City greater control and flexibility in establishing wholesale
wastewater rates.
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Retail Water and Wastewater Rate Study – Addison, Texas
In 2013, J. Stowe & Co. was engaged by the Town of Addison, Texas to assist the Town in conducting a
retail water and wastewater rate study. The Town is currently anticipating a reduction in debt service in
the coming years, and the Town council has indicated a desire to pass-along these savings to the Town’s
customers. However, there is also a desire to ensure that before any cost reductions are passed along
to customers that the current rates are sufficient to fund the City’s planned capital improvements as
well as sufficient to cover the cost of wholesale water service and wholesale wastewater treatment
service received by the Town. Additionally, the Town desires to examine cost recovery between and
among customer classes and to affirm that revenues are being recovered in a fair and equitable manner
based on use of the Town’s water and wastewater systems. Finally, the study will also examine the use
of water by customer cooling towers and will determine an appropriate credit on wastewater service
recognizing that water used for cooling purposes is not returned to the Town’s wastewater system.
Water and Wastewater Rate Consulting Services – Aledo, Texas
In support of the receipt of State Clean Water and Drinking Water Revolving Funds from the Texas
Water Development Board, J. Stowe & Co. was engaged by the City of Aledo in 2008 to conduct a cost of
service and rate design study. The objective of this study was to calculate rate revenue requirements
over a five-year planning horizon, with specific emphasis on the Utility’s ability to meet its annual debt
service and coverage requirements. J. Stowe & Co. worked closely with the City’s financial advisor to
outline a funding plan that would minimize rate shock while at the same time enabling the City to
undertake approximately $13 million in needed water and wastewater capital improvements. J. Stowe
& Co. also developed an econometric rate model, developed in Microsoft Excel, to assist the City in
reviewing its rates on an annual basis in compliance with its bond covenants with the Texas Water
Development Board. Since 2008, J. Stowe & Co., as a condition of the City’s bond covenants, has been
engaged annually to review the City’s water and wastewater rates to ensure sufficient revenue recovery
to meet the City’s debt service and coverage requirements.
Water and Wastewater Rate and Financial Model Consulting – Prosper, Texas
In May 2008, J. Stowe & Co. was engaged by the Town of Prosper to assist the Town in developing and
implementation a Comprehensive Water and Wastewater Business Plan. The goal of the Business Plan
was to establish the goals and objectives of the Town’s Water and Wastewater Utility, determine the
appropriate service levels and metrics for operation, and evaluate the resource needs to meet the
desired service levels of the Utility. As part of the analysis, the Project Team performed a benchmarking
study to determine the appropriate staffing levels for the Utility. The analysis encompassed a look at
national water and wastewater utilities, and a more localized analysis based on utilities in the region
receiving the same levels of treated wholesale water service and wholesale wastewater treatment
service.
In September 2008, J. Stowe & Co. was again engaged by the Town of Prosper to conduct a water and
wastewater cost of service and rate design study. The study was requested based upon the goals,
objectives, and findings from the Comprehensive Water and Wastewater Business Plan. The cost of
service and rate design study included a forecast of revenue requirements and rates for a five-year
period with special emphasis on the ability to pay projected debt service associated with the Town’s
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wholesale contractual commitments with Upper Trinity Regional Water District. The study also sought
to ensure sufficient recovery of indirect costs incurred by the General Fund in the provision of water and
wastewater service and to establish sufficient operations and maintenance and capital reserves to
ensure the long-term integrity and stability of the utility. As part of the engagement, the Project Team
also provided the Town a user-friendly econometric model to be used by Town staff to assess rate
performance as part of the Town’s annual budget process.
Since 2008, J. Stowe & Co. has continued to assist the Town in annually evaluating the financial
performance of its water and wastewater utility. Specifically, the Project Team has continued to
monitor financial performance in preparation for the eventual construction of the Doe Branch Regional
Wastewater Treatment Facility which will increase the Town’s annual wastewater debt service
obligations by over an estimated $868,000. Additionally, the Town has recently seen the construction of
its first multi-family housing development. The Project Team has worked closely with the Town Council
to formulate a rate policy for the multi-family customer class which supports the Town’s goals and
objectives as it relates to future multi-family development while also assisting the Town in recovering its
cost of infrastructure investment needed to serve this customer class. The Project Team has also
worked with representatives of the multi-family community to communicate and explain the intent of
the Town’s current rate design and to educate these customers on the unique way in which their service
demands impact the Town’s water and wastewater utility.
Recent work with Trophy Club Municipal District No. 1
In February 2013, J. Stowe & Co. was retained by Mr. Fred Werkenthin, Attorney of Record for TCMUD,
to assist Mr. Werkenthin and TCMUD in preparing an application to amend TCMUD’s Water CCN
boundaries. For this engagement, J. Stowe & Co. assisted Mr. Werkenthin and TCMUD in evaluating
TCMUD’s Financial and Managerial Capability for providing service to the requested CCN area. This
assistance included reviewing TCMUD’s financial and operational history and calculating the necessary
financial metrics to provide evidence of TCMUD’s financial capability. If protested, J. Stowe & Co.
anticipates providing litigation support during the contested proceeding including providing expert
witness testimony in support of TCMUD’s request.
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C. DESCRIPTION OF STUDY UNDERSTANDING
PROJECT UNDERSTANDING
Based on our review of the District’s Request for Proposal, the Project Team understands that the
District seeks to engage a qualified consulting firm to assist the District in conducting a cost of service
and rate design study for the District’s Water and Wastewater utilities.
As part of the Study, the District desires the consultant to provide services including, but not limited to,
the following:
Review current and future revenues and expenses of the water and wastewater utilities and
evaluate the sufficiency of rates to recover the District’s cost of service following established
and anticipated standards and regulations;
Provide analysis on the impact of customer rates should the District consider issuance of $6
million in revenue bonds for wastewater treatment plant upgrades, as well as, additional rate
based debt;
Discuss the advantages / disadvantages with regards to developing alternative costs of providing
specific services for individual customers, including but not limited to new hookups, disconnects,
late fees, deposits. impact of the system capacity needs for each customer classes;
Discuss system capacity needs for different Customer classes and the impact on rates; and,
Provide water and wastewater impacts/recommendations to the TCMUD Board through an
executed, final report.
D. WORK PLAN:
PROPOSED WORK PLAN
To perform the requested study, and based on our understanding of the proposed project outlined
above, the Project Team proposes the following work plan. Our proposed work plan closely follows the
approaches and methodologies utilized by Project Team members in all of their cost of service and rate
design studies. Therefore, the District can be assured that the work plan proposed has been tested and
proven in numerous studies across the state and nation.
J. Stowe & Co. maintains a strong and active presence before the State of Texas’ rate regulatory
authorities and is routinely requested to provide expert opinions on rate matters by legal counsels
representing clients throughout Texas. For our Project Team to maintain its reputation and presence
within the regulatory environment, our product must be of such quality to withstand intense scrutiny.
The product developed for this engagement will withstand such scrutiny. To achieve this, as part of our
work plan, the Project Team has one of its senior level consultants, who is outside of the study’s day-to-
day process, provide an independent review of the study to test the assumptions and validity of the
results and recommendations. Mr. Jack Stowe, who has approximately forty (40) years of professional
experience and is a recognized expert in rate regulatory matters, will provide the quality control and
assurance review for the project.
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Task A – Overview
Initiation of Initial Data Request
The Project Team will develop an initial data request that will be needed to adequately begin the review
and evaluation of the District’s water and wastewater rates. This data will include, but is not limited to,
operating, financial, management, policy, and ordinance data. The purpose of the initial data request is
to become more familiar with the District’s operations and policies in order to maximize the
effectiveness of our time with District representatives in the project kick-off meeting. The Project Team
will issue the initial data request within five (5) days after receiving notice to proceed on the project.
Initial Data and Information Assessment
Once the District has submitted the initially requested data, the data will be reviewed for discussion
during the project kick-off meeting. Throughout the course of the project, data received by the Project
Team will be sampled and tested for accuracy. The sampling and testing of data is imperative in regards
to the billing data used to set rates and essential in the development of proper cost allocations and
reliable revenue projections that the billing data be as accurate as possible. The Project Team will work
closely with the District’s billing staff and software provider to extract the appropriate billing data. In
addition, as necessary, the Project Team will conduct informal interviews with District staff during our
review of the historical data to ensure that the Project Team understands the information provided.
Project Kick-off Meeting
After receiving the initially requested data, the Project Team will work with the District to schedule a
kick-off meeting. The primary reason for the kick-off meeting is to allow the key Project Team
consultants and participants from the District to be introduced and lay the general framework for how
the study will be conducted. This meeting will also allow for the finalization of the proposed work
approach, as well as discussion and clarification of the information previously analyzed.
In addition, the project kick-off meeting will allow for the Project Team to gain a better understanding of
the goals and objectives, as well as expectations, the District desires to achieve from the study. As part
of the kick-off meeting, the Project Team members will also discuss:
Political and customer views/opinions of current rates;
Capital/operational demand changes anticipated over the study’s forecasted period;
Initial rate design pricing objectives; and,
Initial strategies for implementing/communicating possible rate changes.
Task A Deliverables:
Initial Request for Information
Minutes from Project Kick-off Meeting (to include discussion of any issues discovered during
initial information assessment)
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Task B- Analyze Utility Fund Finances
Determination of Test-Year Revenue Requirements
Revenue requirements will be developed for the water and wastewater utilities using the American
Water Works Association (“AWWA”) accepted cash needs approach. The cash needs approach closely
follows municipal budgeting practices and incorporates a utility’s operation and maintenance costs, debt
service and bond coverage requirements, cash funded capital outlays, reserve requirements, and
transfers. In developing the revenue requirements, the Project Team will assess and project each
utility’s cost of service by analyzing each utility’s historical costs, the current budget year, and any
forecasts made for future fiscal years. The Project Team will develop a test-year cost of service for each
utility. A test-year is a common term in rate studies that refers to an adjusted fiscal year cost that will
be used as a basis for setting rates. The test-year cost of service will be adjusted by non-rate revenue
sources to develop the test-year revenue required from utility rates.
Forecast of Revenue Requirements
Using the test-year information previously developed the Project Team will begin the development of a
five (5) year revenue requirement forecast. As necessary, interviews with District staff may be
conducted to gather additional data to complete this task. During this task, it is crucial to thoroughly
analyze the assumptions used in projecting the revenue requirements. These assumptions may include,
but may not be limited to, growth rate, inflation rates, increase in contractual obligations and contractor
costs, and capital improvements. The Project Team will work closely with District staff to examine the
District’s planned method of financing (e.g. cash, debt, grants) future capital improvements including
but not limited to the $6 Million revenue bond and the financing methods’ impact on rates, operating
and capital reserve targets, and debt coverage requirements, as well as examine anticipated operational
and/or staffing changes over the five-year forecast.
Determination of Realizable Revenue at Current Rates
The results of this task will provide the data to properly evaluate the cost of service, the magnitude of
overall increases, if any, and the probability of redistribution of revenue responsibility between
customer classes as well as providing the Project Team the ability to compare the actual cost to provide
utility service with the anticipated billed revenues of the utility. In the revenue determination,
adjustments will be made to the historical billing data to reflect normalized weather conditions and
usage. This task will also provide a “check” of the data provided by District staff.
Determination of Individual Customer Services
Using the current cost of providing specific services for individual Customers, including but not limited to
new hookups, disconnects, late fees, and deposits, the Project Team will compare these cost to what the
specific services actually cost the utility. This identification may require informal meetings with District
staff to gather data on resources and time spent for each specific service. Based on the analysis the
Project Team will then assign a cost of service to each individual Customer service for the miscellaneous
service items.
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Functionalization of Revenue Requirements
Functionalization is the process of grouping costs based on the function, or type, of service provided.
For example, water utility costs can be functionalized into supply, treatment, transmission, and
distribution. Discussions will be held with District staff to understand the types of services provided by
the District, and what system information is available from the District, to determine the appropriate
functional cost categories to be used in the cost of service determinations. The final selection of the
functional cost categories will be discussed with District staff.
Classification of Revenue Requirements
After the development of the functionalized costs, costs are classified into the components of utility
service that is provided. For the water utility, it is proposed that costs be classified using the American
Water Works Association (“AWWA”) recommended Base Extra-Capacity method, where costs are
classified as base, extra-capacity and customer related so as to recognize the impact peak demand has
on the cost of service provision. For the wastewater utility, assuming the District utilizes an industrial
strength surcharge, it is proposed that costs be classified using the Water Environmental Federation
(“WEF”) recognized flow, BOD, TSS, and customer parameters.
It should be noted that these are the Project Team’s proposed classification methods. Discussions will
be held with District staff before the finalization of the agreement between the District and the Project
Team to determine the appropriate classification methods to utilize in recognition of the District’s goals
and objectives and available system and billing data.
Allocation of Revenue Requirements
One of the most important considerations in the setting of fair and equitable rates for utility service is
the establishment of the appropriate grouping of customers (i.e., customer classes for cost distribution
after costs are classified). Generally, a customer class should only include those customers who: (a) are
in a similar location in relation to the utility; (b) use the same or similar service from the utility; and (c)
receive similar service from the utility and place similar demands upon the utility. As part of the
District’s request, the Project Team will analyze the usage patterns of the presently defined customer
classes in the above context and evaluate whether a new classification of customers should be
recommended.
Costs within each utility will be allocated to the selected customer classes based on each customer class’
level of service provided by the District. It is imperative that the factors that form the basis of costs
incurred by the District to provide continuous and adequate service to its customers be appropriately
identified. This identification requires a thorough understanding of the influencing conditions
controlling the design and/or actual operation of a system. These conditions include normal and peak
weather conditions as well as average and peak service demands. Members of the Project Team are
thoroughly versed in appropriately identifying these costs and are recognized experts before the State’s
rate regulatory agencies. The factors for the allocation of costs to the customer classes will be
dependent on the billing and system information available from the District. The final selection of
customer classes and allocation methodologies will be discussed with the District.
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Task B Deliverables:
Preliminary results of cost of service analysis
One (1) Project Update and Status Meeting
Task C – Develop Rate Schedule
Development of Rate Design
In the formulation of a rate and fee design plan, a clear and distinct understanding of the District’s
overall goals and objectives, such as water conservation, should serve as the foundation for the
development of options since rate and fee design enables the utility to meet its service pricing
objectives and financial policies. Pricing objectives could include, but would not be limited to:
Cost of Service Recovery;
Demand side management;
Revenue Stability;
Affordability;
Transparency;
Ease of Administration;
Billing system compatibility
Water Conservation; and,
Economic Development.
Prior to commencing Task C, members of the Project Team will discuss with District staff the potential
rate design alternatives that meet the District’s pricing goals and objectives. Please note that pricing for
this task includes development a maximum of up to three (3) alternative water and wastewater rate
structures. Additional structures will be analyzed on an agreed upon compensation amount by the
Project Team and the District.
Determination of Realizable Revenue with Alternative Rate Structures
The Project Team will analyze and compare the revenues forecasted to be generated under alternative
rate structures to the forecasted cost of service to determine the adequacy of the alternative rate
structures to meet the District’s financial goals, including bond coverage requirements and operating
and capital reserves. In the revenue determination, adjustments will be made to the historical billing
data to reflect normalized weather conditions and usage. Also, the monthly impact on customer bills
under the alternative rate structures will be examined.
Task C Deliverables:
Up to three (3) alternative water and wastewater rate designs
Preliminary Recommendations on recommended rate adjustments and rate design
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Task D – Regional Rate Comparison
Rate Comparison Review
The Project Team will compare the District’s current and proposed water and wastewater utility rates to
utility rates of other utilities of similar size, demographics, geographic location, and operational
characteristics so as to provide an estimation of the District’s comparable and competitive position.
Task D Deliverables:
Regional comparison of water and wastewater rates
Task E – Discuss Findings and Present Final Report
Draft Report Preparation
The Project Team will develop a draft report summarizing findings, conclusions, and recommendations
of the water and wastewater rate study. The Project Team is committed to ensuring that the District
thoroughly understands the recommendations in the draft report and will ensure that District staff has
sufficient time to address their concerns and/or questions prior to finalizing the report.
Final Report Preparation and Presentation
Upon receipt of District staff comments, the Project Team will make appropriate changes and provide
the District with the final report. After completion of the final report, the Project Team, will make a
presentation of its recommendations to the District’s Board of Directors Additionally, the Project Team
will participate and take the lead in other workshops, meetings, and/or hearings as requested by the
District.
Task E Deliverables:
Draft Report
Presented within 60 to 90 days of notification of award, given the timely receipt of the
required financial and operational data, the draft report of the Water and Wastewater Cost
of Service and Rate Design Study will be provided for the District’s review and comment that
summarizes the Project Team’s findings, conclusions, and recommendations.
Final Report – Eight (8) hard copies and one (1) digital copy
The final report will be provided to the District within two (2) weeks after delivery of the
draft report, given the timely receipt of the District’s comments.
Meeting to discuss draft report
Final presentation of study results to District Board of Directors
Participation in other workshops, meetings, and/or hearings as requested.
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E. FEES
Based on the work plan outlined above, J. Stowe & Co. estimates that the professional fees and out-of-
pocket expenses required to complete this engagement will be approximately $22,500.00.
Please note that this proposed price is limited to the scope of services outlined above, including three
(3) meetings with the Project Team and one presentation of the final study results to TCMUD’s Board of
Directors. Additional meetings and/or services can be provided on request at our then applicable hourly
billing rates.
At the present time, J. Stowe & Co.’s professional hourly billing rates are as follows:
President $ 265.00
Directors $ 195.00 - $ 225.00
Managers $ 150.00 - $ 195.00
Senior Consultants $ 125.00 - $ 150.00
Staff Consultants $ 90.00 - $ 120.00
Administrative Staff $ 50.00
We would reiterate that the above pricing is based on the proposed work plan. Should the proposed
pricing exceed the available funding commitment of the District, we would welcome additional
discussion to determine what elements of the work plan may be outside of the District’s goals and
objectives for the Study.
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Proposed Project Price
Hours $Hours $Hours $Hours $Hours $
Billing Rate 265.00$ 190.00$ 150.00$ 100.00$
Task No.Description
A Overview 2.0 530$ 4.0 760$ - -$ - -$ 6 1,290$
B Analyze Utility Fund Finances 2.0 530 12.0 2,280 24.0 3,600 24.0 2,400 62 8,810
C Develop Rate Schedule 2.0 530 16.0 3,040 16.0 2,400 8.0 800 42 6,770
D Benchmark to Area Cities - - 2.0 380 - - 2.0 200 4 580
F Discuss Findings and Present Final Report 4.0 1,060 12.0 2,280 4.0 600 8.0 800 28 4,740
Total Hours 10.0 46.0 44.0 42.0
Total Dollars 2,650$ 8,740$ 6,600$ 4,200$ 142 22,190$
Proposed Out-of-Pocket Expenses 310.00$
Total Proposed Project Price 22,500.00$
TotalJack Stowe Chris Ekrut Kim Bostik Justin Rasor
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F. LEGAL ACTION
J. Stowe & Co., and its parent Company, NewGen Strategies & Solutions, LLC., have never been party
to a legal dispute or has legal action ever been taken against either firm. Neither firm has ever been
subject to disciplinary action by any regulatory bodies and/or professional organizations.
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G. SCHEDULE
TIMELINE
Assuming notice to proceed is received by June 19, 2013 and all requested data is received by June 26,
2013 the Project Team is committed to delivering draft reports to the District by the following deadlines:
Delivery of Draft Report August 19, 2013
Delivery of Final Report September 2, 2013
Presentation to Board of Directors TBD
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Trophy Club Municipal Utility District No. 1
Water and Wastewater Cost of Service and Rate Study
Proposed Project Schedule
September
Week of 19th 24th 3rd 10th 17th 24th 1st 8th 15th 22nd 29th 2nd
Task No.Description
A Overview - Project Kick-off
B Analyze Utility Fund Finances
C Develop Rate Schedule
D Benchmark to Area Cities
E Discuss Findings and Present Final Report
Signifies a meeting with the Project Team
Signifies a meeting with the Project Team and Delivery of Draft Report
SignifiesDelivery of Final Report / Presentation to Board
July AugustJune
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H. REFERENCES
Project Water Cost of Service and Rate Design Study - Argyle Water Supply Corporation
Contact Ms. Randall Davis
General Manager
940.464.7713
randall@argylewater.com
Project Water and Wastewater Rate and Financial Model Consulting Services - Grapevine, Texas
Contact Mr. Kent Conkle
Utilities Manager
817.410.3339
Kconkle@grapevinetexas.gov
Project Water and Wastewater Rate Consulting Services – Lewisville, Texas
Contact Mr. Clifford Howard
Fiscal Services Manager
972.219.3422
choward@cityoflewisville.com
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I. INSURANCE
TCMUD#1 Page 261 of 294 Meeting Date: June 18, 2013
TCMUD#1Page 262 of 294Meeting Date: June 18, 2013
Chris D. Ekrut, CAPM
Director, Environmental Practice
cekrut@jstoweco.com
Economics | Strategy | Stakeholders | Sustainability
www.jstoweco.com
A Division of
NewGen Strategies & Solutions, LLC
Mr. Ekrut joined J. Stowe & Co. as a Senior Consultant in May 2008 and was subsequently promoted to Manager in
December 2009. Prior to joining J. Stowe & Co., Mr. Ekrut was employed by R.W. Beck, Inc. as a Staff Consultant
beginning in June 2005, after earning his Masters in Public Administration from the University of North Texas and
graduating with honors. Prior to beginning his consulting career, Mr. Ekrut served as an intern for U.S.
Congressman Larry Combest, Texas 19th District.
EDUCATION
Masters of Public Administration, University of North Texas
Bachelor of Arts in Public Administration, West Texas A & M University
Certified Associate of Project Management (1266804), Project Management Institute
PROFESSIONAL AFFILIATIONS
Texas Municipal Utilities Association
Project Management Institute
EXPERIENCE
During his career, Mr. Ekrut has assisted in conducting a variety of engagements for water, wastewater, solid
waste, electric, and natural gas utilities. A sampling of Mr. Ekrut’s experience is included below:
WATER AND WASTEWATER EXPERIENCE
Assisted in conducting an Economic Impact and End User Impact Analysis for the Toledo Bend Water
Supply Project, which proposes to supply at least 600,000 acre-feet of raw water to the DFW Metroplex.
Assisted the City of Arlington in conducting a wholesale water sales assessment study.
Assisted the Texas Water Development Board in conducting a Socioeconomic Analysis of Select Interbasin
Transfers in Texas.
Assisted the North Texas Municipal Water District in analyzing rate alternatives for its Member Cities.
Assisted in conducting Socioeconomic Analysis in support of the Region C Study Commission Report in
response to SB 3, 90th Texas Legislative Session requirements.
Assisted Dallas Water Utilities and Tarrant Regional Water District in conducting a study of the Raw Water
Transmission System Integration of Lake Palestine.
Served as the Project Controls lead for the Program Management of the Waco Metropolitan Area
Regional Sewer System Treatment Plant Expansion Program.
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CHRIS D. EKRUT, CAPM
2
Conducted a top-down Water Audit and assisted in the development of a wholesale water contract for
the City of Gainesville, Texas.
Assisted the City of Terrell, Texas in conducting a top-down water audit and developing a Standardized
Developer Agreement related to Water and Wastewater Infrastructure.
Assisted the City of Denton, Texas in developing and Indirect Cost Allocation Model for general fund and
internal service fund departments.
Assisted the City of Gunter, Texas in performing due-diligence and establishing a developer proposed Tax
Increment Reinvestment Zone.
Assisted Nueces County Water Control & Improvement District No. 4 in reviewing and negotiating a water
rate methodology with the City of Corpus Christi.
Utility Business Plans
City of Gainesville, Texas
Town of Prosper, Texas
Operations and Management Reviews
Brownsville Public Utilities Board
Lower Colorado River Authority’s Water and Wastewater Service Unit
System Valuations
City of Blue Mound, Texas
City of Southmayd, Texas
City of Tyler, Texas
Town of Lakeside, Texas
Wholesale and/or Retail Water, Reclaimed Water, Wastewater, and Drainage Cost of Service and Rate
Design Studies
Possum Kingdom Water Supply
Corporation
City of Mexia, Texas
City of Cisco, Texas
City of Bellaire, Texas
City of Grapevine, Texas *
City of Aledo, Texas *
City of Glenn Heights, Texas *
City of Paris, Texas *
City of Amarillo, Texas
Town of Prosper, Texas *
Double Diamond Utilities Co. *
City of McGregor, Texas
City of Terrell, Texas *
City of Gainesville, Texas *
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CHRIS D. EKRUT, CAPM
2
City of Farmersville, Texas
City of Waco, Texas *
City of Tyler, Texas *
City of Coleman, Texas
City of Burnet, Texas
City of Cedar Park, Texas
City of Garland, Texas
Canyon Regional Water Authority
City of Killeen, Texas
City of Graham, Texas
City of Weatherford, Texas
Town of Addison, Texas
City of Seagoville, Texas
* Engaged for multiple studies
Expert Witness Testimony Development and/or Litigation Support
SOAH Docket Nos. 582-02-1652, 582-03-1820, 582-03-1821, & 582-03-1824 – Applications of
McKinney, Melissa, and Anna and North Collin Water Supply Corporation to Amend CCN
Nos. 10194, 11482, 12976, 11035 and Sewer CCN No. 20898 and of the City of Melissa to
Obtain a Sewer CCN in Collin County
SOAH Docket No. 582-06-1366, Woodcreek Ratepayers Coalition Petition to Appeal the City
of Woodcreek’s Decision to Establish Water and Sewer Rates Charged by Aqua Utilities
SOAH Docket No. 582-06-2023, Application of the Town of Lindsay to Amend Water and
Sewer Certificates of Convenience and Necessity Nos. 13025 and 20927
SOAH Docket No. 582-07-2049, Petition of BHP Water Supply Corporation Appealing the
Wholesale Water Rate Increase of Royse City, Texas and Request for Interim Rates
SOAH Docket No. 582-08-1318, Application of Mustang Special Utility District to Decertify a
Portion of Sewer Certificate of Convenience and Necessity No. 20867 From AquaSource
Development, Inc. DBA Aqua Texas Inc., and to Amend Sewer CCN No. 20930 In Denton
County, Texas
SOAH Docket No. 582-08-0698, Application of Double Diamond Utilities Company to Change
its Water Tariff
SOAH Docket No. 582-08-1341, Application of Monarch Utilities I, L.P., to Change Water and
Sewer Rates and Tariffs
SOAH Docket No. 582-08-2580, Appeal by Midway Water Utilities, Inc. CCN No. 11571, From
the Ratemaking Actions of the City of Oak Point
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CHRIS D. EKRUT, CAPM
3
SOAH Docket No. 582-09-4288, Application of Double Diamond Utilities Company, Inc. to
Change its Water Tariff
SOAH Docket No. 582-09-6112, Application of Double Diamond Utilities Company, Inc. to
Change its Sewer Tariff
SOAH Docket No. 582-12-5332, Application of Upper Trinity Regional Water District for
Water Use Permit No. 5821
SOLID WASTE EXPERIENCE
Assisted in conducting a Municipal Solid Waste Operations Study for the City of Denton, Texas
Assisted in the conduct of an Alternative Feasibility Study for the City of Peoria, Arizona
Assisted Siemens Energy and Environmental Services in conducting a detailed Waste Shed Analysis of the
Dallas-Ft. Worth Metroplex in support of a new, environmental-friendly waste processing technology
Assisted in conducting a Mixed Recycling Facility (MRF) Study for the North Central Texas Council of
Governments
ELECTRIC UTILITY EXPERIENCE
Assisted Garland Power & Light in the conduct of an Asset Inventory and Assessment
Assisted Garland Power & Light in filing their 2005 and 2006 Earnings Monitoring Report with the Public
Utility Commission of Texas
Assisted the City of Brenham, Texas in conducting an Electric Cost of Service and Rate Design Study and
developing a Power Cost Recovery Factor (PCRF)
Assisted Austin Energy in modifying and refining the utility’s excel -based financial forecasting model.
GAS UTILITY EXPERIENCE
Assisted the City of Brenham, Texas in analyzing and amending their Gas Cost Adjustment Factor
Provided litigation support in Texas Railroad Commission Docket No. 9670 – Petition for De Novo Review
of the Reduction of the Gas Utility Rates of ATMOS Energy Corp., Mid – Tex Division.
FRANCHISE FEE EXPERIENCE
Assisted in conducting reviews of the franchise fee payments made by Charter Communications to the
Cities of Rockwall and Denton, Texas.
Assisted in conducting reviews of the franchise fee payments made by Oncor to a coalition of Cities within
the State of Texas
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CHRIS D. EKRUT, CAPM
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Assisted in conducting franchise fee reviews of gas and electric providers in Fayette County, Kentucky.
IMPACT FEE/MUNICIPAL FEE EXPERIENCE
Assisted in performing an update to the City of Ft. Worth’s Transportation Impact Fees.
Assisted in performing an update to the City of McKinney’s Transportation Impact Fees.
Calculated and provided testimony in support of the City of Arlington’s Gas Well Operational Permit Fee,
153rd Tarrant County District Court, Docket No. 153-259190-12
PUBLICATIONS AND PRESENTATIONS
“Allocating the Costs of Population Growth in Wholesale Water Contracts,” Texas Water Law Conference,
January 2007
“Business Planning and Its Benefits to Municipal Utilities,” American Water Works Association, Texas
Section, 2008
“Plan Your Work and Work Your Plan: The Benefits of Municipal Utility Business Planning,” Texas
Town & City, October 2009.
“Pricing Direct Water Reuse”, Texas Water Conservation Association, March 2013.
TCMUD#1 Page 267 of 294 Meeting Date: June 18, 2013
Jack E. Stowe, Jr.
President, Environmental Practice
jstowe@jstoweco.com
Economics | Strategy | Stakeholders | Sustainability
www.jstoweco.com
A Division of
NewGen Strategies & Solutions, LLC
Mr. Stowe's Public Sector consulting career began in 1975. His career includes nine years in a "big-eight" public
accounting and consulting firm where he held the title of Manager at the time of his resignation. After serving one
and one-half years as Chief Financial Officer and Treasurer of an International Real Estate firm, Mr. Stowe founded
Aries Resource Management as a consulting group dedicated to serving the Public Sector. In 1986, Aries Resource
Management entered into a partnership agreement with Reed Municipal Services, Inc., to form Reed-Stowe & Co.
Effective October 2000 the company was renamed Reed, Stowe & Yanke, LLC and in March 2003 was acquired by
R. W. Beck, Inc. During his tenure with R.W. Beck, Mr. Stowe served as the Local Practice Leader for the Firm’s
Utility Services Practice - Gulf Coast Region. Upon expiration of his employment contract with R.W. Beck in March
2008, Mr. Stowe founded J. Stowe & Co.
EDUCATION
Bachelor of Arts in Accounting, North Texas State University, Denton, Texas, 1973
PROFESSIONAL AFFILIATIONS
Texas Water Conservation Association (TWCA)
American Water Works Association (AWWA)
EXPERIENCE
Mr. Stowe's experience is highlighted by the major roles he has fulfilled in assisting Public Sector entities in
achieving major cost savings through contract negotiations for services and implementation of organization and
operational enhancements. A brief example of engagements conducted by Mr. Stowe include:
Raw water service contract negotiations between the City of Arlington and the Tarrant County Water
Improvement District No. 1 (now Tarrant Regional Water District).
Wastewater service contract negotiations between the Customer Cities and the City of Fort Worth.
Representing the twenty-one Customer Cities of Fort Worth a detailed wastewater cost of service
study was conducted to provide the foundation for contract renewal negotiations.
Assisted TWCA-USA, Inc. in the electric load aggregation of 15 TWCA members. This effort has
resulted in the release of a Request For Bid on approximately 800,000,000 kWh brought to market.
Mr. Stowe has also participated in negotiations of operation, maintenance and management
privatization/outsourcing contracts for the following:
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JACK E. STOWE, JR.
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Red River Redevelopment Authority – water, wastewater, gas, electric, steam and industrial waste
treatment
Southwest Division of United States Navy-privatization of electric, gas, water and wastewater operations
In addition, Mr. Stowe authored the “Market Strategies for Improved Service by Water Utilities Report” on behalf
of the Texas Water Development Board. This study analyzes and presents the status of privatization of water
utility operations within the State of Texas contrasted against national activity. Also for the Texas Water
Development Board, Mr. Stowe authored the study titled “Socioeconomic Impact of Interbasin Transfers in Texas”
This study was undertaken to determine the impact of current legislation on the consideration of interbasin
transfers as potential water management strategies by the State’s regional water planning groups.
Mr. Stowe has also been actively involved in water utility system valuation, and has performed such studies for the
following entities:
RCH Water Supply Corporation
Kelly Air Force Base
Walker County Water Supply Corporation
Johnson County Water Supply Corporation
High Point Water Supply Corporation
Liberty District Water Supply Corporation
Royse City, Texas / BHP Water Supply Corporation
Groundwater Valuation – Oakland County, Michigan, Wood Wind Water System, LLC
Groundwater Valuation – Oakland County, Michigan, Oakland Explorations Water System, LLC
The results of the above valuations served as the foundation for the sale/transfer of ownership for the utilities
identified or the donation of the assets in accordance with Section 170 of the Internal Revenue Service Code of
1986.
The following is sample list of clients for which Mr. Stowe has performed water and/or wastewater cost of service,
customer class cost allocation, and/or rate design study, including wholesale, clients:
Arlington, Texas
Argyle Water Supply Corporation
Barton Creek Lakeside
Bellaire, Texas
Borger, Texas
Cameron County Fresh Water Supply
District No.1
Celina, Texas
Copperas Cove, Texas
Corsicana, Texas
Dallas Water Utilities
Denton, Texas
Devers Canal System
El Oso Water Supply Corp.
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JACK E. STOWE, JR.
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Farmers Branch, Texas
Ft. Worth, Texas
Georgetown, Texas
Gilmer, Texas
Glenn Heights, Texas
Grapevine, Texas
Hobbs, New Mexico
Kaufman, Texas
Kempner Water Supply Corporation
Kilgore, Texas
Knollwood,Texas
Lewisville, Texas
Lubbock, Texas
Mesquite, Texas
Midlothian, Texas
Montgomery County MUD
North Myrtle Beach, SC
North Richland Hills, Texas
Paris, Texas
Richmond, Virginia
Rockett Special Utility District
Rowlett, Texas
Sachse, Texas
Sanger, Texas
Tarrant Regional Water District
United Irrigation District
Weatherford, Texas
Westminster, Colorado
Wylie, Texas
Other services provided by Mr. Stowe are further detailed below:
Assisted Dallas Water Utilities and Tarrant Regional Water District in examining the financing alternatives,
obtaining state funding, and establishing the cost allocation methodology associated with the $1.9 billion
Lake Palestine Pipeline Project. Mr. Stowe also performed a comprehensive examination of the impact of
energy costs on the proposed Project alternatives, including developing a forecasting model of electricity
costs through 2060.
Developed an impact fee econometric model used by the Cities of North Richland Hills, Grapevine,
Lewisville and Wylie to calculate the maximum allowable fee under S.B. 336. Also responsible for the
development and implementation of administrative procedures and systems modifications enabling these
Cities to comply with the monitoring requirements of S.B. 336.
Performed an economic feasibility study for the City of Arlington for alternative wastewater diversion.
The study provided a twenty year projected population growth within defined service areas, discharge
characteristics, and related capital improvement requirements for each alternative.
Participated in the acquisition of the Street Lighting System from Texas Electric Service Company by the
City of Arlington which was consummated after a six-month study and purchase negotiation. Purchase
pay back was achieved within three years with annual operating cost reduction currently accruing at the
annual rate of approximately $700,000 to the City.
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JACK E. STOWE, JR.
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Assisted Dallas Water Utilities, North Texas Municipal Water District, Sabine River Authority of Texas, and
Tarrant Regional Water District in assessing the feasibility and economic impact of the Toledo Bend Water
Supply Project, which proposes to supply at least 600,000 acre-feet of raw water to the DFW Metroplex.
Mr. Stowe has had extensive consulting experience within the utility industry. His experience encompasses not
only utility ratemaking under federal, state and municipal jurisdictions, but also includes significant experience in
the following areas:
Organization and operations for investor owned utilities and municipal utilities;
Financial projections and operating system requirements;
Contract Negotiations;
Breach of Franchise Agreements; and
Economic Feasibility Studies.
Specifically, Mr. Stowe has conducted and/or supervised analyses of rate base, operating income, rate of return,
revenue requirements, fully allocated cost of service and rate design. The results of these studies were generally
summarized into expert testimony and presented in rate case proceedings at either the state and/or local
jurisdictions. The various jurisdictions Mr. Stowe has performed consulting services in are as follows:
Arizona Corporation Commission
Illinois Commerce Commission
Federal Energy Regulatory Commission
Kentucky Public Service Commission
Mississippi Public Service Commission
New Mexico Public Service Commission
Oklahoma Corporation Commission
Public Utility Commission of Texas
Railroad Commission of Texas
Texas Commission on Environmental Quality
Utah Public Service Commission
Wyoming Public Service Commission
A sample of the specific utility companies analyzed by Mr. Stowe are presented below. Many of these Mr.
Stowe has investigated on numerous engagements during his career:
ATC Satelco
AT & T
Arkansas-Oklahoma Gas Corporation
Arizona Public Service
Central Power & Light (now AEP)
Canadian River Municipal Water Authority
Dallas Water Utilities
Denton County Electric Cooperative (now
CoServ)
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JACK E. STOWE, JR.
5
Detroit Edison
Gulf States Utilities (now Entergy)
Houston Lighting & Power (now Reliant)
Indianapolis Power & Light
Kentucky Power & Light
Lake Dallas Telephone Company
Lower Colorado River Authority
Lone Star Gas Company (now ATMOS)
Magnolia Gas
Metro-Link Telecom, Inc.
Mississippi Power & Light
Mojave Electric Cooperative
Mountain States Bell
Southern Union Gas Company
Southwest Electric Service Company (now
TXU)
Southwestern Bell Telephone
Southwestern Public Service Company
San Miguel Electric Cooperative
Texas Electric Service Company (now TXU)
Texas-New Mexico Power Company
Texas Power & Light (now TXU)
Tucson Gas & Electric
Utah Power & Light
United Telecommunications
West Texas Utilities (now AEP)
PUBLICATIONS AND PRESENTATIONS
"Street Lighting Cost Reduction, a Game Plan for the 80's", Texas Institute of Traffic Engineers
"The Impact of Senate Bill No. 336"
Research Group of the Texas Association of City Managers
Central Region of the Texas Association of City Managers
Gulf Coast Region of the Texas Government Financial Officers Association
Government Finance Officers Association of Texas Newsletter
"A New Challenge for Municipal Gas Regulation"
"The Case of the Vanishing Gross Receipts Tax"
"Impact of Senate Bill 336" (Assessment of Developer Impact Fees)
"Street Lighting Cost Reduction Through Municipal Ownership"
"Rate Impact of Water Conservation Pricing", Texas Water Conservation Association, 1993
"Alternative Funding for Capital Improvements", Water Environmental Association of Texas, 1994
“Construction Management and Financing Alternatives”, Water Environmental Association of Texas, 1994
"Management Audits", Texas Water Conservation Association - Technical Seminar, 1994
“Ins and Outs of Rate Making”, American Association of Water Board Directors, 1995
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JACK E. STOWE, JR.
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“Solid Waste Full Cost Accounting”, Texas Natural Resource Conservation Commission, 1995
“SBI Deregulation 101”,
Texas Water Conservation Association, 1998
Texas Rural Water Association, 1999
“The Benefits of Electric Aggregation”, Texas Water Conservation Association, 1999
“Water Retail Wholesale Ratemaking”, Texas Water Conservation Association – Technical Seminar, 2000
"Electric Deregulation in Texas", Texas Chapter of the Public Works Association, 2000
"Innovative Financing for Water and Wastewater Utilities", Texas Water Law Seminar, February 2002
"Encroachment Issues: Your Service Area is Worth How Much?", Texas Rural Water Association Annual
Conference, March 2002
Allocating the Costs of Population Growth in Wholesale Water Contracts, Texas Rural Water Association and Texas
Water Conservation Association Water Law Seminar, January 2007
TCMUD#1 Page 273 of 294 Meeting Date: June 18, 2013
Kimberly C. Bostik
Senior Consultant, Environmental Practice
kbostik@jstoweco.com
Economics | Strategy | Stakeholders | Sustainability
www.jstoweco.com
A Division of
NewGen Strategies & Solutions, LLC
Ms. Bostik joined J. Stowe & Co. as a Senior Consultant in February 2012. Prior to joining J. Stowe & Co., Mrs.
Bostik was employed by R.W. Beck, Inc. as a Senior Consultant beginning in May 2007. Prior to working in the
Water and Wastewater industry, Mrs. Bostik began her career as a Risk Accountant eventually becoming a
Supervisor of Trading & Risk Services in the Energy industry at Duke Energy Trading & Marketing in Houston, TX.
Mrs. Bostik also contracted for Energy Future Holdings in Dallas, TX serving as a risk analyst on the power trading
desk.
EDUCATION
Bachelor of Business Administration, Accounting, Texas A&M University
EXPERIENCE
During her career, Mrs. Bostik has assisted in conducting a variety of engagements for water, wastewater, and
electric utilities. A sampling of Mrs. Bostik’s experience is included below:
Created a Microsoft Excel model for the Trinity River Vision Authority which combined the construction
costs and schedule of an $800 million flood control and economic development project. Modeling
requirements addressed cash flow, funding allocations, and cost sharing between local, state, and federal
agencies for a 20 year period.
Assisted the City of Arlington in the procurement process for Advanced Metering Infrastructure.
Assisted the City of McKinney in determining Roadway Impact Fees
Assisted Jarrell-Schwertner Water Supply Corporation with a CCN Valuation.
Assisted bond insurers with litigation support for the Jefferson County, AL bankruptcy filing. Evaluated
alternative rate structures.
Assisted Garland Power & Light in updating their electric utility rate model.
Wholesale and/or Retail Water and Wastewater Cost of Service and Rate Design Studies
City of Tyler, Texas
City of Paris, Texas
City of Waco, Texas
City of Fort Worth, Texas
Argyle Water Supply Corporation,
Texas
Town of Prosper, Texas
City of Lewisville, Texas
City of Lampasas, Texas
City of Clute, Texas
OK Foods, Oklahoma
TCMUD#1 Page 274 of 294 Meeting Date: June 18, 2013
Justin M. Rasor
Staff Consultant
jrasor@jstoweco.com
Economics | Strategy | Stakeholders | Sustainability
www.jstoweco.com
A Division of
NewGen Strategies & Solutions, LLC
Mr. Rasor joined J. Stowe & Co. as a Staff Consultant in June 2012. Prior to joining the firm, Mr. Rasor began his
career as a Project Engineer responsible for managing and estimating schedules and construction costs for
healthcare projects in Chicago, IL. Mr. Rasor left the construction industry to work at Kershner Trading Group in
Austin, TX where he managed short-term investments using equities and options. Mr. Rasor has experience in cost
of service, rate design, financial analysis and depreciation analysis for a variety of water, wastewater, electric, and
gas utilities.
EDUCATION
Bachelor of Science , Construction Management, Illinois State University
Leadership in Environmental Energy and Design - LEED Accredited Professional
EXPERIENCE
During his career, Mr. Rasor has assisted in conducting a variety of engagements for water, wastewater, electric
and gas utilities. A sampling of Mr. Rasor’s experience is included below:
Assisted the Trinity River Authority of Texas in raw water and interruptible Irrigation rate development.
Assisted the City of Brenham in updating their water and sewer utility rate models and performing a cost
of service and rate design study for the City’s electric and gas utilities.
Assisted the City of Tyler, Texas in performing a valuation associated with the Oak Hollow Development.
Assisted Lakeside, Texas in performing a valuation study of a portion of the Town’s certificated service
area.
Assisted Trophy Club MUD in performing a Financial, Management, & Technical Analysis in Support of CCN
Acquisition.
Wholesale, and/or Retail Water, Reclaimed Water, Wastewater, and Drainage Cost of Service and Rate
Design Studies
City of Paris, Texas
Double Diamond Utilities
Trinity River Authority
Seagoville, Texas
Brenham, Texas
Canyon Regional Water Authority
TCMUD#1 Page 275 of 294 Meeting Date: June 18, 2013
100 Municipal Drive
Trophy Club, Texas 76262Trophy Club Entities
Legislation Details (With Text)
File #: Version:12013-109-M1 Name:
Status:Type:M1 Agenda Item Draft
File created:In control:6/13/2013 Trophy Club Municipal Utility District No. 1
On agenda:Final action:6/18/2013
Title:Receive staff update regarding wastewater treatment plant tours and review of improvement needs.
(McKnight)
Attachments:
Action ByDate Action ResultVer.
Title
Receive staff update regarding wastewater treatment plant tours and review of improvement needs. (McKnight)
TCMUD#1 Page 276 of 294 Meeting Date: June 18, 2013
100 Municipal Drive
Trophy Club, Texas 76262Trophy Club Entities
Legislation Details (With Text)
File #: Version:12013-114-M1 Name:
Status:Type:M1 Agenda Item Draft
File created:In control:6/13/2013 Trophy Club Municipal Utility District No. 1
On agenda:Final action:6/18/2013
Title:Consider and take appropriate action regarding MUD building office space. (Carr)
Attachments:
Action ByDate Action ResultVer.
Title
Consider and take appropriate action regarding MUD building office space. (Carr)
TCMUD#1 Page 277 of 294 Meeting Date: June 18, 2013
100 Municipal Drive
Trophy Club, Texas 76262Trophy Club Entities
Legislation Details (With Text)
File #: Version:12013-110-M1 Name:
Status:Type:M1 Agenda Item Regular Session
File created:In control:5/18/2011 Trophy Club Municipal Utility District No. 1
On agenda:Final action:6/18/2013
Title:Receive District Manager Report (McKnight)
Attachments:Water Graphs.pdf
WW % Removal worksheet May 2013.pdf
WW Monthly Log May 2013.pdf
Utility Billing Report-May 2013.pdf
PID Connections-May 2013.pdf
Action ByDate Action ResultVer.
Title
Receive District Manager Report (McKnight)
a. Water System Operation
b. Waste Water Operation
c. Rate of Flow Control Water Plant Project
d. Indian Creek Water Line Project
e. Finance Update
f. Website Analytics
g. TCEQ Sanitary Survey of Public Water System
h. District Participation in July 4
th Activities
i. Audiovisual Equipment for Boardroom
j. Finance Department progress to develop financial statements
TCMUD#1 Page 278 of 294 Meeting Date: June 18, 2013
Oct.Nov.Dec.Jan Feb.March April May June July August Sept.Total for year
FYI- Physical Year
2005-2006 74,441 56,296 41,272 54,171 37,626 35,714 55,429 60,800 88,899 113,904 122,820 81,806 823,178
2006-2007 73,757 44,297 35,905 31,695 25,671 40,516 43,121 31,204 42,191 43,717 72,462 76,138 560,674
2007-2008 63,250 47,082 33,371 37,194 31,472 30,766 40,313 48,829 78,091 91,664 115,042 75,494 692,568
2008-2009 63,730 48,170 35,215 35,759 32,240 39,331 46,151 37,382 56,370 125,089 91,724 79,137 690,298
2009-2010 39,794 39,713 29,547 30,305 25,328 23,279 41,646 53,439 102,921 89,760 128,687 82,331 686,750
2010-2011 70,502 50,909 44,365 35,983 27,845 55,972 69,165 61,467 99,326 117,707 170,464 123,692 927,397
2011-2012 85,869 53,571 40,815 30,616 31,665 35,263 47,194 84,905 114,104 137,174 144,573 108,622 914,371
2012-2013 85,488 75,251 48,527 39,601 34,668 47,880 59,384 89,956
October November December January February March April May June July August
79,297 48,609 36,966 32,915 26,974 25,771 31,755 46,747 70,315 69,134 92,539
84,849 51,836 38,869 32,850 24,742 25,111 32,240 47,364 75,755 68,715 82,007
90,400 55,063 40,772 32,785 22,510 24,451 32,726 47,980 81,195 68,296 71,476
95,952 58,290 42,675 32,721 20,278 23,791 33,211 48,597 86,636 67,878
350,497 213,799 159,281 131,271 94,504 99,122 129,932 190,688 313,900 274,022 246,022
Oct.Nov.Dec.Jan Feb.March April May June July August Sept.Total for year
FYI- Physical Year
2006 74,585 55,405 42,852 52,100 33,247 39,250 64,455 73,048 93,187 118,353 127,450 76,301 850,233
2007 72,460 49,249 34,203 28,257 31,492 43,900 41,770 37,340 41,215 43,136 75,480 72,087 570,589
2008 64,370 50,090 35,320 36,610 34,630 34,750 42,900 63,116 78,399 114,256 98,670 72,551 725,662
2009 65,110 48,570 36,411 36,587 36,385 44,120 48,881 38,250 66,450 116,823 94,525 81,500 713,612
2010 40,803 41,600 32,700 31,400 30,145 27,240 43,400 62,646 113,049 94,950 131,650 76,159 725,742
2011 70,502 50,993 44,220 33,789 36,053 54,775 71,306 63,500 116,350 152,002 169,621 117,190 980,301
2012 83,750 54,245 41,650 34,740 31,581 46,519 62,649 100,402 110,324 153,813 139,005 123,045 981,723
2013 85,966 77,758 55,110 39,283 37,867 56,743 60,969 87,168
Active Connections
2012 2013
January 3640 3915
February 3667 3932
March 3701 3950
April 3725 3978
May 3735 4028
June 3759
July 3796
August 3815
September 3863
October 3879
November 3887
December 3880
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
180,000 Million Gallons Months
Water Billed
2010
2011
2012
2013
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
180,000 Million Gallons Months
Water Pumped
2010
2011
2012
2013
TCMUD#1 Page 279 of 294 Meeting Date: June 18, 2013
May 2013 Results% Removal% Removal% RemovalDateInfluentEffluentInfluentEffluentInfluentEffluent1-May520.1799.7%1612.098.8%2121.099.5%2-May550.1699.7%1902.098.9%2221.099.5% 6-May470.1799.6%2172.299.0%1711.099.4%7-May490.199.8%1922.498.8%1721.099.4% 13-May520.1999.6%2682.099.3%3521.799.5%14-May420.1899.6%1772.098.9%2601.399.5% 20-May380.2399.4%2392.099.2%2301.099.6%21-May450.1599.7%1742.298.7%1251.998.5% 28-May480.2299.5%1992.298.9%2241.399.4%29-May560.1899.7%2422.099.2%3151.899.4%Report99.6%98.9%99.5%Ammonia-NCBOD5TSS0.1752.101.30Ammonia-NCBOD5TSSTCMUD#1Page 280 of 294Meeting Date: June 18, 2013
Max mg/L1.92Aver mg/L0.540Nh3BodMax mg/L5.9Aver mg/L4.4Ammonia NitrogenCarbonaceous Biochemical Demand (CBOD5)0.80.1600.4200.7900.2700.1800.2300.3500.3 0.30.210.970.760.3981.31.920.7830.2260.260.1750.000.501.001.502.002.503.003.504.00Oct-11Nov-11Dec-11Jan-12Feb-12Mar-12Apr-12May-12Jun-12Jul-12Aug-12Sep-12Oct-12Nov-12Dec-12Jan-13Feb-13Mar-13Apr-13May-13Jun-13Jul-13Aug-13Sep-13Permit Limit 1.0April-Sept 3.0Oct -MarchAverageNH3-N5.7005.4005.9003.8004.6003.5005.2004.5003.8004.105.004.405.105.305.903.893.702.002.100.001.002.003.004.005.006.007.008.009.0010.00Oct-11Nov-11Dec-11Jan-12Feb-12Mar-12Apr-12May-12Jun-12Jul-12Aug-12Sep-12Oct-12Nov-12Dec-12Jan-13Feb-13Mar-13Apr-13May-13Jun-13Jul-13Aug-13Sep-13Permit Limit5CBOD5AverageTCMUD#1Page 281 of 294Meeting Date: June 18, 2013
Max mg/L34Aver mg/L4.9Max mg/L23.0Aver mg/L15.3Max mg/L68.0Aver mg/L9.9Nitrate - NitrogenE. ColiTotal Suspended Solids (TSS)1.510.4 10.434.00.62.65.12.32.02.62.0 2.0 2.1 2.12.22.33.93.61.30.0010.0020.0030.0040.0050.00Oct-11Nov-11Dec-11Jan-12Feb-12Mar-12Apr-12May-12Jun-12Jul-12Aug-12Sep-12Oct-12Nov-12Dec-12Jan-13Feb-13Mar-13Apr-13May-13Jun-13Jul-13Aug-13Sep-13Permit Limit12.0AverageTSS22.523.014.721.419.619.020.019.58.014.810.911.911.49.55.223.013.611.012.40.005.0010.0015.0020.0025.0030.00Oct-11Nov-11Dec-11Jan-12Feb-12Mar-12Apr-12May-12Jun-12Jul-12Aug-12Sep-12Oct-12Nov-12Dec-12Jan-13Feb-13Mar-13Apr-13May-13Jun-13Jul-13Aug-13Sep-13Permit Limit24N-NAverage1.049.035.068.01.02.0103.01.11.71.1 1.01.31.92.7 2.42.2 2.310.0020.0040.0060.0080.00100.00120.00Oct-11Nov-11Dec-11Jan-12Feb-12Mar-12Apr-12May-12Jun-12Jul-12Aug-12Sep-12Oct-12Nov-12Dec-12Jan-13Feb-13Mar-13Apr-13May-13Jun-13Jul-13Aug-13Permit Limit126E. coliAverageTCMUD#1Page 282 of 294Meeting Date: June 18, 2013
Max mg/L8.1Min mg/L5.8Aver mg/L7.8Max mg/L7.9Aver mg/L6.6Potential for Hydrogen (pH)Dissolved Oxygen (DO)7.36.95.86.9 6.9 6.96.76.97.37.47.87.67.87.7 7.7 7.77.37.1 7.10.002.004.006.008.0010.0012.0014.00Oct-11Nov-11Dec-11Jan-12Feb-12Mar-12Apr-12May-12Jun-12Jul-12Aug-12Sep-12Oct-12Nov-12Dec-12Jan-13Feb-13Mar-13Apr-13May-13Jun-13Jul-13Aug-13Sep-13Permit Limit Mimimum6.0AveragepH minimum6.87.95.35.5 5.56.16.0 6.0 6.0 6.06.97.07.16.97.57.17.67.16.90.001.002.003.004.005.006.007.008.009.00Oct-11Nov-11Dec-11Jan-12Feb-12Mar-12Apr-12May-12Jun-12Jul-12Aug-12Sep-12Oct-12Nov-12Dec-12Jan-13Feb-13Mar-13Apr-13May-13Jun-13Jul-13Aug-13Sep-13Permit Limit(ABOVE)6.0AverageDOTCMUD#1Page 283 of 294Meeting Date: June 18, 2013
October November December January February March April May June July August September
ebills 276 292 314 330 343 370 390 399
Bills Mailed 3603 3596 3567 3585 3569 3556 3562 3606
Bank Draft 539 535 547 546 549 554 562 559
Credit Card Draft 261 280 298 314 320 346 365 383
Online Payments 717 571 677 727 691 764 688 765
Late Notices 389 547 422 333 385 401 336 383
Disconnects 32 32 44 39 31 22 22 30
Active Connections 3875 3886 3904 3915 3932 3950 3978 4028
October November December January February March April May June July August September
ebills 0 3 4 4 120 141 167 186 195 214 237 255
bills mailed 3542 3539 3579 3630 3547 3561 3558 3549 3565 3582 3578 3608
Bank Draft 489 486 489 492 506 499 529 528 535 527 528 537
Credit Card Draft 0 0 1 4 87 151 172 196 210 212 246 248
Online Payments 0 0 3 10 651 565 577 591 650 715 766 742
Late Notices 533 424 472 483 360 338 293 313 369 458 378 406
Disconnects 53 43 47 69 27 16 26 21 20 17 25 39
Active Connections 3542 3543 3583 3634 3667 3702 3725 3735 3760 3796 3815 3863
Trophy Club MUD #1
Utility Billing Report
Fiscal Year 2012
Fiscal Year 2013
TCMUD#1 Page 284 of 294 Meeting Date: June 18, 2013
PID CONNECTION FEE SUMMARY
MAY 2013
DEPOSIT
DATE
QTY
(5/8")
$ 2,300 QTY
(1")
$ 2,300 QTY
(1.5")
$ 7,590 QTY
(2")
$ 15,410 TOTAL
QTY
TOTAL
AMOUNT
TEXPOOL
TRANSFER
QTY
CUM
RUNNING
BALANCE
$ 3,260,000
Begin 1,023 907,100
1 - -$ - -$ - -$ - -$ - - 1,023 907,100
2 - -$ 7 16,100$ - -$ - -$ 7 16,100 1,030 891,000
3 - -$ - -$ - -$ - -$ - - 1,030 891,000
4 - -$ - -$ - -$ - -$ - - 1,030 891,000
5 - -$ - -$ - -$ - -$ - - 1,030 891,000
6 - -$ 2 4,600$ - -$ - -$ 2 4,600 1,032 886,400
7 - -$ - -$ - -$ - -$ - - 1,032 886,400
8 - -$ 2 4,600$ - -$ - -$ 2 4,600 1,034 881,800
9 - -$ 1 2,300$ - -$ - -$ 1 2,300 1,035 879,500
10 - -$ - -$ - -$ - -$ - - 1,035 879,500
11 - -$ - -$ - -$ - -$ - - 1,035 879,500
12 - -$ - -$ - -$ - -$ - - 1,035 879,500
13 - -$ - -$ - -$ - -$ - - 1,035 879,500
14 - -$ 1 2,300$ - -$ - -$ 1 2,300 1,036 877,200
15 - -$ 15 34,500$ - -$ - -$ 15 34,500 1,051 842,700
16 - -$ - -$ - -$ - -$ - - 1,051 842,700
17 - -$ 2 4,600$ - -$ - -$ 2 4,600 1,053 838,100
18 - -$ - -$ - -$ - -$ - - 1,053 838,100
19 - -$ - -$ - -$ - -$ - - 1,053 838,100
20 - -$ - -$ - -$ - -$ - - 1,053 838,100
21 - -$ 1 2,300$ - -$ - -$ 1 2,300 1,054 835,800
22 - -$ - -$ - -$ - -$ - - 1,054 835,800
23 - -$ 9 20,700$ - -$ - -$ 9 20,700 1,063 815,100
24 - -$ - -$ - -$ - -$ - - 1,063 815,100
25 - -$ -$ - -$ - -$ - - 1,063 815,100
26 - -$ - -$ - -$ - -$ - - 1,063 815,100
27 - -$ - -$ - -$ - -$ - - 1,063 815,100
28 - -$ - -$ - -$ - -$ - - 1,063 815,100
29 - -$ - -$ - -$ - -$ - - 1,063 815,100
30 - -$ - -$ - -$ - -$ - - 1,063 815,100
31 - -$ 2 4,600$ - -$ - -$ 2 4,600 1,065 810,500
TOTAL - -$ 42 96,600$ - -$ - -$ 42 96,600 -
Approximate Total # of homes in PID at build out 1,417
Total Amount to be collected at $2,300 each 3,260,000$
Total number of homes collected to date 1,065
Total amount collected to date 2,449,500$
Total number of homes remaining to be collected 352
Total amount remaining to be collected 810,500$
Upon collection of one or more Utility Fees by Town,such Utility Fees shall, within ten (10)working days, be deposited by Town into an account designated by
MUDs (hereinafter "MUDs Account").Town shall continue to collect and to deposit such Utility Fees into MUDs Account in accordance with the existing
agreement between the MUDs until such time as the total amount paid into that account equals $3,260,000.Town shall collect and deposit a minimum of one
hundred fifty (150)Utility Fees each year, for a total of five (5)successive years commencing on May 7, 2008 (hereinafter "Collection Period").In the event that
more than 150 Utility Fees are collected by Town in anyone or more years of the Collection Period,such Utility Fees in excess of the 150 Utility Fees required
under this Section shall be carried over to the following year or years and shall be a credit toward the total Utility Fees due for such subsequent year or years.
In the event that fewer than 150 Utility Fees are collected by Town during anyone or more year(s) of the Collection Period,including those Utility Fees carried
over from any given year in which more than 150 Utility Fees were collected by Town,Town shall within ten (10)working days of collection of such Utility Fees
from Developer, pay into MUDs Account the difference between the amount that would have been paid had 150 Access Fees been paid at $2,300 each and the
amount of Utility Fees actually collected by Town.On or about May 7, 2013,Town shall calculate the total amount of Utility Fees paid to MUDs.Town shall
provide MUDs written notice of any amount paid less than $3,260,000 (the "Utility Fee Remainder").
TCMUD#1 Page 285 of 294 Meeting Date: June 18, 2013
100 Municipal Drive
Trophy Club, Texas 76262Trophy Club Entities
Legislation Details (With Text)
File #: Version:12013-113-M1 Name:
Status:Type:M1 Agenda Item Draft
File created:In control:6/13/2013 Trophy Club Municipal Utility District No. 1
On agenda:Final action:6/18/2013
Title:Receive Fire Update (D. Thomas)
a.May 2013 Activity
Attachments:Fire 05-13 Activity Report.pdf
Action ByDate Action ResultVer.
Title
Receive Fire Update (D. Thomas)
a. May 2013 Activity
TCMUD#1 Page 286 of 294 Meeting Date: June 18, 2013
Oct 12 Nov 12 Dec 12 Jan 13 Feb 13 Mar 13 Apr 13 May 13 Jun 13 Jul 13 Aug 13 Sep 13Monthly AverageTotal FY 2013Calls by TypeFire315412232.6 21Service31 22 21 19 54 52 30 1931.0 248Good Intent3563234124.8 38False Alarm487429495.9 47EMS39 30 28 31 26 23 36 3631.1 249Total Calls80 66 67 61 85 89 76 79000074.7603Mutual AidGiven5599324126.1 49Received136112722.9 23Hospital TransportsTCFD21 20 21 20 18 15 22 2520.3 162Mutual Aid110100210.8 6Air000001010.3 2Response Time (Calls In Town)% At or Under 6 Minutes79.2 71.7 88.5 86.1 93.8 83.3 82.9 79.583.1Average Time05:13 05:46 04:40 04:48 04:46 04:53 05:19 05:29OtherCiiEd i H123 5100 553227 7513788129 562115 2921 25Trophy Club Fire DepartmentMonthly Activity ReportFY 2013 MTDPage 1Continuing Education Hours 123.5 100.5 53 227.75 137 88 129.5 62115.2 921.25Public Education Events 1312473634.9 39Service calls include inspections, lock‐outs, water problems, smoke or odor removal, public service and assistance, and public education.Fire4%Service41%Good Intent6%False Alarm8%EMS41%YTD 2013 Calls by Type020406080100120Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep4 Year Comparison ‐Number of CallsFY 2013FY 2012FY 2011FY 2010TCMUD#1Page 287 of 294Meeting Date: June 18, 2013
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
FY 2013 80 66 67 61 85 89 76 79
FY 2012 69 55 72 59 71 75 70 85 47 101 83 61
FY 2011 58 57 42 65 76 50 55 63 75 53 67 77
FY 2010 69 49 67 52 70 42 63 59 54 62 58 71
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
FY 2013 31541223
FY 2012 4762302841034
FY 2011 1461124647545
FY 2010 433480432242
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
FY 2013 31 22 21 19 54 52 30 19
FY 2012 28 13 17 29 25 34 21 35 15 36 32 12
FY 2011 28 17 13 20 16 14 15 15 16 13 21 20
FY 2010 32 20 21 19 10 12 19 13 11 23 17 25
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
FY 2013 356323412
FY 2012 314373523678
FY 2011 2421101479363
FY 2010 5241102236334
Trophy Club Fire Department
4 Year Comparison of Calls
Total Number of Calls
Fire Calls
Service Calls
Good Intent Calls
Page 2
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
FY 2013 4 8 742949
FY 2012 5 5 52446510948
FY 2011 3 2 0 9 13 3 7 9 6 6 4 10
FY 2010 4 4 10 882456646
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
FY 2013 39 30 28 31 26 23 36 36
FY 2012 24 29 40 23 32 34 36 35 15 40 37 29
FY 2011 24 30 21 34 25 27 23 28 37 26 32 39
FY 2010 24 20 29 20 34 26 34 35 29 28 30 34
FY 2013 249 FY 2013 603
FY 2012 253 FY 2012 566
FY 2011 212 FY 2011 466
FY 2010 222 FY 2010 471
FY 2013 354
FY 2012 313
FY 2011 254
FY 2010 249
YTD Number of Calls vs Prior Year Same Period
EMS Calls
Fire & Related Calls
Total Calls
False Alarms
EMS Calls
Roanoke (34
calls)
Southlake (4
calls)
Westlake (9
calls)
Haslet (2 calls)
24
2
7
1
10
221
YTD Mutual Aid Fire/EMS Calls
EMS
Fire
TCMUD#1 Page 288 of 294 Meeting Date: June 18, 2013
Oct 12 Nov 12 Dec 12 Jan 13 Feb 13 Mar 13 Apr 13 May 13 Jun 13 Jul 13 Aug 13 Sep 13Monthly AverageTotal FY 2013District 1# of calls21 23 23 14 28 24 24 2122.3 178avg. response time04:52 05:26 04:51 04:13 05:27 04:53 05:39 05:1805:08District 2# of calls43 20 24 30 45 51 32 3334.8 278avg. response time05:10 05:05 03:54 04:18 04:09 04:22 04:06 04:3704:27District 4 (PID)# of calls6 11 9 8 3 10 8 98.0 64avg. response time06:22 07:14 06:04 07:41 05:48 07:28 08:11 07:5407:14District 5 (TCP)# of calls110001120.84avg. response time07:28 09:10**09:5608:19District 6 (BNHS)# of calls462061623.427avg. response time05:16 06:07 05:2605:41*06:41 06:1605:57Trophy Club Fire DepartmentCalls by DistrictYTD FY 2013Page 3Outside (Mutual Aid)# of calls5599324126.149avg. response time10:53 04:54 05:22 08:14 16:11 04:40 08:23 06:4507:38*service call30%46%11%1%4%8%% Calls by District FY 13 YTDDistrict 1District 2District 4 (PID)District 5 (TCP)District 6 (BNHS)Outside (Mutual Aid)70%8%18%4%% Mutual Aid Calls by DepartmentRoanoke (34 calls)Southlake (4 calls)Westlake (9 calls)Haslet (2 calls)TCMUD#1Page 289 of 294Meeting Date: June 18, 2013
100 Municipal Drive
Trophy Club, Texas 76262Trophy Club Entities
Legislation Details (With Text)
File #: Version:12013-117-M1 Name:
Status:Type:Agenda Item Regular Session
File created:In control:6/13/2013 Trophy Club Municipal Utility District No. 1
On agenda:Final action:6/18/2013
Title:Consultation with the District's Attorney on a matter in which the duty of the Attorney to the
Governmental Body under the Disciplinary Rules of Professional Conduct of the
State Bar of Texas clearly conflicts with the Open Meetings Act, pursuant to Section 551.071 (2) of
the Texas Open Meetings Act:
a. Interlocal Agreement with the Town of Trophy Club to provide Water Supply and Wastewater
Treatment Services to the Public Improvement District (PID) and Strategic Partnership Agreement
submitted by the Town of Trophy Club
b. Issues related to District Service Territory and CCN Matters
c.Issues related to District Service Territory in Town of Westlake
Attachments:
Action ByDate Action ResultVer.
Title
Consultation with the District's Attorney on a matter in which the duty of the Attorney to the Governmental Body under the
Disciplinary Rules of Professional Conduct of the
State Bar of Texas clearly conflicts with the Open Meetings Act, pursuant to Section 551.071 (2) of the Texas Open
Meetings Act:
a. Interlocal Agreement with the Town of Trophy Club to provide Water Supply and Wastewater Treatment Services
to the Public Improvement District (PID) and Strategic Partnership Agreement submitted by the Town of Trophy Club
b. Issues related to District Service Territory and CCN Matters
c. Issues related to District Service Territory in Town of Westlake
TCMUD#1 Page 290 of 294 Meeting Date: June 18, 2013
100 Municipal Drive
Trophy Club, Texas 76262Trophy Club Entities
Legislation Details (With Text)
File #: Version:12013-119-M1 Name:
Status:Type:M1 Agenda Item Draft
File created:In control:6/13/2013 Trophy Club Municipal Utility District No. 1
On agenda:Final action:6/18/2013
Title:Consider and take appropriate action regarding Closed Session item(s).
Attachments:
Action ByDate Action ResultVer.
Title
Consider and take appropriate action regarding Closed Session item(s).
TCMUD#1 Page 291 of 294 Meeting Date: June 18, 2013
100 Municipal Drive
Trophy Club, Texas 76262Trophy Club Entities
Legislation Details (With Text)
File #: Version:12013-120-M1 Name:
Status:Type:M1 Agenda Item Draft
File created:In control:6/13/2013 Trophy Club Municipal Utility District No. 1
On agenda:Final action:6/18/2013
Title:Set workshop meeting date and time to discuss wastewater treatment plant improvements.
Attachments:July Calendar.pdf
Action ByDate Action ResultVer.
Title
Set workshop meeting date and time to discuss wastewater treatment plant improvements.
TCMUD#1 Page 292 of 294 Meeting Date: June 18, 2013
26/14/2013 8:32 AMKari SchultzSu Mo Tu We Th Fr Sa1234567 8 9 10 11 12 1314 15 16 17 18 19 2021 22 23 24 25 26 2728 29 30 31July 2013Su Mo Tu We Th Fr Sa1234567891011 12 13 14 15 16 1718 19 20 21 22 23 2425 26 27 28 29 30 31August 2013July 2013Jun 30 - Jul 6Jun 30Jul 1234563:00pm 5:00pm HOA Meeting (MUD Bd Rm)9:00am 10:00am Routine Staff Meetin4:00pm 5:00pm Police Chaplain Meeting (in6:30pm 8:30pm Parks Beautification Sub C7:00pm 10:00pm P&Z Commission (CouncilChambers)7:00pm 9:00pm TCWC (Fire Dept Training Room)Jul 7 - 13789101112136:30pm 10:00pm EDC B(Svore Municipal Building Boardroom)9:00am 10:00am Routine Staff Meeting (PS Confere7:00pm 9:00pm Parks & Recreation Board (Svore Municipal BuilJul 14 - 20141516171819206:00pm 11:00pm Council Meeting (Svore Municipal Bo7:00pm 9:00pm Northwest Optimist Meeting (Fire Dept T9:00am 10:00am Routine Staff Meeting (PS Confere7:00pm 12:00am TCMUD No.1 Meeting (Svore Muni10:00am 11:00am EAC (Fire Dept Internal Conference Room)12:00pm 8:00pm COURT (Svore Municipal Building B10:00am 11:30am Special Events Committee Meeting 7:00pm 10:00pm P&Z Commission (CouncilChambers)6:00pm 7:30pm Girl Scouts (Fire Dept Training Room)Jul 21 - 27212223242526277:00pm 9:00pm CharterReview Commission (Fire Dept Training Room )9:00am 10:00am Routine Staff Meetin4:00pm 5:00pm TBD - ZBA (Svore Municipa7:00pm 9:30pm Trophy7:00pm 9:00pm Citizen6:00pm 8:00pm Public Safety Advisory Committee (Internal)(Police Dept. Training Room)Jul 28 - Aug 328293031Aug 1238:00am 12:00pm Fire Dept Training (Fire Dept Training Room)8:00am 12:00pm Fire Dept Training (Fire Dept Training Room)9:00am 10:00am Routine Staff Meeting (PS Confere8:00am 12:00pm Fire Dept Training (Fire Dept Training Room)SundayMondayTuesdayWednesdayThursdayFridaySaturdayTCMUD#1Page 293 of 294Meeting Date: June 18, 2013
100 Municipal Drive
Trophy Club, Texas 76262Trophy Club Entities
Legislation Details (With Text)
File #: Version:12013-122-M1 Name:
Status:Type:M1 Agenda Item Draft
File created:In control:6/13/2013 Trophy Club Municipal Utility District No. 1
On agenda:Final action:6/18/2013
Title:Future agenda items.
Attachments:
Action ByDate Action ResultVer.
Title
Future agenda items.
TCMUD#1 Page 294 of 294 Meeting Date: June 18, 2013