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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 ii TCMUD#1 Page 18 of 294 Meeting Date: June 18, 2013 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 iii TCMUD#1 Page 19 of 294 Meeting Date: June 18, 2013 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, 1 TCMUD#1 Page 20 of 294 Meeting Date: June 18, 2013 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 2 TCMUD#1 Page 21 of 294 Meeting Date: June 18, 2013 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. 3 TCMUD#1 Page 22 of 294 Meeting Date: June 18, 2013 "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. 4 TCMUD#1 Page 23 of 294 Meeting Date: June 18, 2013 "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 5 TCMUD#1 Page 24 of 294 Meeting Date: June 18, 2013 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, 6 TCMUD#1 Page 25 of 294 Meeting Date: June 18, 2013 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. 7 TCMUD#1 Page 26 of 294 Meeting Date: June 18, 2013 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. 8 TCMUD#1 Page 27 of 294 Meeting Date: June 18, 2013 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 9 TCMUD#1 Page 28 of 294 Meeting Date: June 18, 2013 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. 10 TCMUD#1 Page 29 of 294 Meeting Date: June 18, 2013 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. 11 TCMUD#1 Page 30 of 294 Meeting Date: June 18, 2013 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 12 TCMUD#1 Page 31 of 294 Meeting Date: June 18, 2013 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. 13 TCMUD#1 Page 32 of 294 Meeting Date: June 18, 2013 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. 14 TCMUD#1 Page 33 of 294 Meeting Date: June 18, 2013 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. 15 TCMUD#1 Page 34 of 294 Meeting Date: June 18, 2013 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 16 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. 17 TCMUD#1 Page 36 of 294 Meeting Date: June 18, 2013 [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. 18 TCMUD#1 Page 37 of 294 Meeting Date: June 18, 2013 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 19 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 20 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. 21 TCMUD#1 Page 40 of 294 Meeting Date: June 18, 2013 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. 22 TCMUD#1 Page 41 of 294 Meeting Date: June 18, 2013 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 23 TCMUD#1 Page 42 of 294 Meeting Date: June 18, 2013 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 24 TCMUD#1 Page 43 of 294 Meeting Date: June 18, 2013 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 25 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. 26 TCMUD#1 Page 45 of 294 Meeting Date: June 18, 2013 (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). 27 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 28 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 29 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 30 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. 31 TCMUD#1 Page 50 of 294 Meeting Date: June 18, 2013 (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 32 TCMUD#1 Page 51 of 294 Meeting Date: June 18, 2013 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. 33 TCMUD#1 Page 52 of 294 Meeting Date: June 18, 2013 (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. 34 TCMUD#1 Page 53 of 294 Meeting Date: June 18, 2013 (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 35 TCMUD#1 Page 54 of 294 Meeting Date: June 18, 2013 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 36 TCMUD#1 Page 55 of 294 Meeting Date: June 18, 2013 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. 37 TCMUD#1 Page 56 of 294 Meeting Date: June 18, 2013 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 38 TCMUD#1 Page 57 of 294 Meeting Date: June 18, 2013 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 39 TCMUD#1 Page 58 of 294 Meeting Date: June 18, 2013 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 40 TCMUD#1 Page 59 of 294 Meeting Date: June 18, 2013 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 41 TCMUD#1 Page 60 of 294 Meeting Date: June 18, 2013 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; 42 TCMUD#1 Page 61 of 294 Meeting Date: June 18, 2013 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. 43 TCMUD#1 Page 62 of 294 Meeting Date: June 18, 2013 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. ---------------- 44 TCMUD#1 Page 63 of 294 Meeting Date: June 18, 2013 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. 2 TCMUD#1 Page 66 of 294 Meeting Date: June 18, 2013 "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. 3 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. 4 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 5 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 6 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. 7 TCMUD#1 Page 71 of 294 Meeting Date: June 18, 2013 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. 8 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. 9 TCMUD#1 Page 73 of 294 Meeting Date: June 18, 2013 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 10 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.] 11 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 2 TCMUD#1 Page 81 of 294 Meeting Date: June 18, 2013 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. 3 TCMUD#1 Page 82 of 294 Meeting Date: June 18, 2013 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 4 TCMUD#1 Page 83 of 294 Meeting Date: June 18, 2013 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 5 TCMUD#1 Page 84 of 294 Meeting Date: June 18, 2013 (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 6 TCMUD#1 Page 85 of 294 Meeting Date: June 18, 2013 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. 7 TCMUD#1 Page 86 of 294 Meeting Date: June 18, 2013 (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, 8 TCMUD#1 Page 87 of 294 Meeting Date: June 18, 2013 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 9 TCMUD#1 Page 88 of 294 Meeting Date: June 18, 2013 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. 10 TCMUD#1 Page 89 of 294 Meeting Date: June 18, 2013 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) 11 TCMUD#1 Page 90 of 294 Meeting Date: June 18, 2013 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 TCMUD#1 Page 104 of 294 Meeting Date: June 18, 2013 TCMUD#1 Page 105 of 294 Meeting Date: June 18, 2013 TCMUD#1 Page 106 of 294 Meeting Date: June 18, 2013 TCMUD#1 Page 107 of 294 Meeting Date: June 18, 2013 TCMUD#1 Page 108 of 294 Meeting Date: June 18, 2013 TCMUD#1 Page 109 of 294 Meeting Date: June 18, 2013 TCMUD#1 Page 110 of 294 Meeting Date: June 18, 2013 TCMUD#1 Page 111 of 294 Meeting Date: June 18, 2013 TCMUD#1 Page 112 of 294 Meeting Date: June 18, 2013 TCMUD#1 Page 113 of 294 Meeting Date: June 18, 2013 TCMUD#1 Page 114 of 294 Meeting Date: June 18, 2013 TCMUD#1 Page 115 of 294 Meeting Date: June 18, 2013 TCMUD#1 Page 116 of 294 Meeting Date: June 18, 2013 TCMUD#1 Page 117 of 294 Meeting Date: June 18, 2013 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 . 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 . 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 . 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 . 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 . 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 . 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 . 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 . 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 . 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 . 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 . 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 . 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 . 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 . 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 . 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 . glpdatb2 rgonzale Trophy Club MUD #1 Page 13 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 . glpdatb2 rgonzale Trophy Club MUD #1 Page 14 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 . glbase_tbam rgonzale Trophy Club MUD #1 Page 4 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 . glbase_tbam rgonzale Trophy Club MUD #1 Page 5 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 . glbase_tbam rgonzale Trophy Club MUD #1 Page 6 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 . glbase_tbam rgonzale Trophy Club MUD #1 Page 7 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 . glbase_tbam rgonzale Trophy Club MUD #1 Page 8 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 . glbase_tbam rgonzale Trophy Club MUD #1 Page 9 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 . glbase_tbam rgonzale Trophy Club MUD #1 Page 10 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 . glbase_tbam rgonzale Trophy Club MUD #1 Page 11 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 . glbase_tbam rgonzale Trophy Club MUD #1 Page 12 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 . glbase_tbam rgonzale Trophy Club MUD #1 Page 13 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 . glbase_tbam rgonzale Trophy Club MUD #1 Page 14 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 . glbase_tbam rgonzale Trophy Club MUD #1 Page 16 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 . glbase_tbam rgonzale Trophy Club MUD #1 Page 17 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 . glbase_tbam rgonzale Trophy Club MUD #1 Page 18 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 . glbase_tbam rgonzale Trophy Club MUD #1 Page 19 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 . glbase_tbam rgonzale Trophy Club MUD #1 Page 20 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 . glbase_tbam rgonzale Trophy Club MUD #1 Page 21 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 . glbase_tbam rgonzale Trophy Club MUD #1 Page 22 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 . glbase_tbam rgonzale Trophy Club MUD #1 Page 23 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 . glbase_tbam rgonzale Trophy Club MUD #1 Page 24 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 . glbase_tbam rgonzale Trophy Club MUD #1 Page 25 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 . glbase_tbam rgonzale Trophy Club MUD #1 Page 26 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 . glpdatb2 rgonzale Trophy Club MUD #1 Page 15 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 . glpdatb2 rgonzale Trophy Club MUD #1 Page 16 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 . glpdatb2 rgonzale Trophy Club MUD #1 Page 17 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 . glpdatb2 rgonzale Trophy Club MUD #1 Page 18 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 . glpdatb2 rgonzale Trophy Club MUD #1 Page 19 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 . glpdatb2 rgonzale Trophy Club MUD #1 Page 20 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 . glpdatb2 rgonzale Trophy Club MUD #1 Page 21 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 . glpdatb2 rgonzale Trophy Club MUD #1 Page 22 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 . glpdatb2 rgonzale Trophy Club MUD #1 Page 23 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 . glpdatb2 rgonzale Trophy Club MUD #1 Page 24 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 . glpdatb2 rgonzale Trophy Club MUD #1 Page 25 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 . glpdatb2 rgonzale Trophy Club MUD #1 Page 26 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 . glpdatb2 rgonzale Trophy Club MUD #1 Page 27 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 . glpdatb2 rgonzale Trophy Club MUD #1 Page 28 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 . 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 . 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 . glpdatb2 rgonzale Trophy Club MUD #1 Page 36 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 . glpdatb2 rgonzale Trophy Club MUD #1 Page 37 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 . 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 . glpdatb2 rgonzale Trophy Club MUD #1 Page 39 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 . 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 . 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 . 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 . 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 . 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 . 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 . 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 . 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 . 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 . 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 . 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 . 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 . 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 . 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 . 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 . glpdatb2 rgonzale Trophy Club MUD #1 Page 64 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 . 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 . glbase_tbam rgonzale Trophy Club MUD #1 Page 27 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 . 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 . 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 . 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 TCMUD#1 Page 216 of 294 Meeting Date: June 18, 2013 TCMUD#1Page 217 of 294Meeting Date: June 18, 2013 TCMUD#1Page 218 of 294Meeting Date: June 18, 2013 TCMUD#1Page 219 of 294Meeting Date: June 18, 2013 TCMUD#1Page 220 of 294Meeting Date: June 18, 2013 TCMUD#1Page 221 of 294Meeting Date: June 18, 2013 TCMUD#1Page 222 of 294Meeting Date: June 18, 2013 TCMUD#1Page 223 of 294Meeting Date: June 18, 2013 TCMUD#1Page 224 of 294Meeting Date: June 18, 2013 TCMUD#1Page 225 of 294Meeting Date: June 18, 2013 TCMUD#1Page 226 of 294Meeting Date: June 18, 2013 TCMUD#1Page 227 of 294Meeting Date: June 18, 2013 TCMUD#1Page 228 of 294Meeting Date: June 18, 2013 TCMUD#1Page 229 of 294Meeting Date: June 18, 2013 TCMUD#1Page 230 of 294Meeting Date: June 18, 2013 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. TCMUD#1 Page 243 of 294 Meeting Date: June 18, 2013 Trophy Club Municipal Utility District No. 1 Water and Sewer Rate Study 6 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. TCMUD#1 Page 244 of 294 Meeting Date: June 18, 2013 Trophy Club Municipal Utility District No. 1 Water and Sewer Rate Study 7 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. TCMUD#1 Page 245 of 294 Meeting Date: June 18, 2013 Trophy Club Municipal Utility District No. 1 Water and Sewer Rate Study 8 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. TCMUD#1 Page 246 of 294 Meeting Date: June 18, 2013 Trophy Club Municipal Utility District No. 1 Water and Sewer Rate Study 9 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 TCMUD#1 Page 247 of 294 Meeting Date: June 18, 2013 Trophy Club Municipal Utility District No. 1 Water and Sewer Rate Study 10 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. TCMUD#1 Page 248 of 294 Meeting Date: June 18, 2013 Trophy Club Municipal Utility District No. 1 Water and Sewer Rate Study 11 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. TCMUD#1 Page 249 of 294 Meeting Date: June 18, 2013 Trophy Club Municipal Utility District No. 1 Water and Sewer Rate Study 12 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) TCMUD#1 Page 250 of 294 Meeting Date: June 18, 2013 Trophy Club Municipal Utility District No. 1 Water and Sewer Rate Study 13 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. TCMUD#1 Page 251 of 294 Meeting Date: June 18, 2013 Trophy Club Municipal Utility District No. 1 Water and Sewer Rate Study 14 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. TCMUD#1 Page 252 of 294 Meeting Date: June 18, 2013 Trophy Club Municipal Utility District No. 1 Water and Sewer Rate Study 15 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 TCMUD#1 Page 253 of 294 Meeting Date: June 18, 2013 Trophy Club Municipal Utility District No. 1 Water and Sewer Rate Study 16 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. TCMUD#1 Page 254 of 294 Meeting Date: June 18, 2013 Trophy Club Municipal Utility District No. 1 Water and Sewer Rate Study 17 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. TCMUD#1 Page 255 of 294 Meeting Date: June 18, 2013 Trophy Club Municipal Utility District No. 1 Water and Wastewater Cost of Service and Rate Study 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 TCMUD#1 Page 256 of 294 Meeting Date: June 18, 2013 Trophy Club Municipal Utility District No. 1 Water and Sewer Rate Study 18 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. TCMUD#1 Page 257 of 294 Meeting Date: June 18, 2013 Trophy Club Municipal Utility District No. 1 Water and Sewer Rate Study 19 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 TCMUD#1 Page 258 of 294 Meeting Date: June 18, 2013 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 TCMUD#1 Page 259 of 294 Meeting Date: June 18, 2013 Trophy Club Municipal Utility District No. 1 Water and Sewer Rate Study 20 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 TCMUD#1 Page 260 of 294 Meeting Date: June 18, 2013 Trophy Club Municipal Utility District No. 1 Water and Sewer Rate Study 21 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. TCMUD#1 Page 263 of 294 Meeting Date: June 18, 2013 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 * TCMUD#1 Page 264 of 294 Meeting Date: June 18, 2013 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 TCMUD#1 Page 265 of 294 Meeting Date: June 18, 2013 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 TCMUD#1 Page 266 of 294 Meeting Date: June 18, 2013 CHRIS D. EKRUT, CAPM 4  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: TCMUD#1 Page 268 of 294 Meeting Date: June 18, 2013 JACK E. STOWE, JR. 2  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. TCMUD#1 Page 269 of 294 Meeting Date: June 18, 2013 JACK E. STOWE, JR. 3  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. TCMUD#1 Page 270 of 294 Meeting Date: June 18, 2013 JACK E. STOWE, JR. 4  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) TCMUD#1 Page 271 of 294 Meeting Date: June 18, 2013 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 TCMUD#1 Page 272 of 294 Meeting Date: June 18, 2013 JACK E. STOWE, JR. 6 “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