HomeMy WebLinkAboutFY 2011 TCMUD 1 Approved BudgetTROPHY CLUB MUNICIPAL TROPHY CLUB MUNICIPAL
UTILITY DISTRICT NO. 1UTILITY DISTRICT NO. 1
ANNUAL PROGRAM OF SERVICESANNUAL PROGRAM OF SERVICES
FISCAL YEAR 2010FISCAL YEAR 2010--1111
“PROUDLY SERVING OUR CUSTOMERS
FOR OVER 35 YEARS”
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
ANNUAL PROGRAM OF SERVICES
FISCAL YEAR 2010-2011
AS APPROVED BY THE
MUD 1 BOARD
President James C. Thomas
Vice President Jim Moss
Secretary/Treasurer Kevin R. Carr
Director Bill Armstrong
Director Nick Sanders
on
SEPTEMBER 14, 2010
ROBERT SCOTT
DISTRICT MANAGER
PREPARED BY:
KATHY DUBOSE
FINANCE DIRECTOR
RENAE GONZALES
SENIOR ACCOUNTANT
STEPHANIE GOHLKE
FINANCIAL ANALYST
MARY MOORE
MUD SECRETARY
MUNICIPAL UTILITY DISTRICT NO. 1 ELECTED OFFICIALS
President James C. Thomas
Vice President Jim Moss
Secretary/Treasurer Kevin Carr
Director Bill Armstrong
Director Nick Sanders
KEY STAFF
District Manager Robert Scott
Fire Chief Danny Thomas
Director of Finance Kathy DuBose
Information Systems Manager Mike Pastor
Utility Billing Administrator Dana Gillock
MUD Secretary Mary Moore
Senior Accountant Renae Gonzales
2010-2011
TABLE OF CONTENTS
READER’S GUIDE ................................................................................................1
ORGANIZATIONAL SUMMARY..........................................................................3
MUNICIPAL UTILITY DISTRICT NO. 1 Map..........................................................4
o O & M SUMMARY .........................................................................................5
o REVENUES ......................................................................................................6
o WATER............................................................................................................7
o WASTEWATER.................................................................................................9
o COLLECTIONS ..............................................................................................11
o BOARD OF DIRECTORS ...............................................................................13
o MANAGER’S OFFICE ...................................................................................14
o UTILITY BILLING..............................................................................................15
o FINANCE .......................................................................................................16
o INFORMATION SYSTEMS..............................................................................17
o HUMAN RESOURCES....................................................................................18
o NON-DEPARTMENTAL .................................................................................19
o FACILITIES MANAGEMENT...........................................................................20
FIRE - SUMMARY OF REVENUES & EXPENDITURES..........................................21
o FIRE FUND......................................................................................................22
INTEREST & SINKING FUND
o SUMMARY OF REVENUES & EXPENDITURES...............................................23
o ASSESSED VALUATION HISTORY .................................................................24
o TAX RATE HISTORY........................................................................................25
o ANNUAL DEBT SERVICE REQUIREMENTS BY ISSUE ...................................26
o ANNUAL PRINCIPAL & INTEREST REQUIREMENTS .....................................27
o OUTSTANDING DEBT SERVICE ....................................................................28
o PRIVATE PLACEMENT DEBT SERVICE BY ISSUE...........................................30
o OUTSTANDING PRIVATE PLACEMENT DEBT...............................................31
GLOSSARY..........................................................................................................32
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
ANNUAL PROGRAM OF SERVICES
READER’S GUIDE
The Reader's Guide provides an overview of the Trophy Club Municipal Utility District No. 1’s budget
organization and policies. The Trophy Club Municipal Utility District No. 1 has prepared a budget designed to
meet general standards of performance in municipal budgeting.
As a result of the May 9, 2009 election, voters approved the consolidation of Trophy Club Municipal District No.
1 (MUD 1) and Trophy Club Municipal District No. 2 (MUD 2). The consolidation also incorporated and
dissolved the Trophy Club Master District Joint Venture, which was a joint venture of the two municipal utility
districts’ water and wastewater operations. While each of the three entities budgeted and reported financial
information independently previous to the election results, state law required that the consolidation be
completed within 90 days of the election. As of August 1, 2009, all budgets and financial data for the three
entities were combined as Trophy Club Municipal Utility District Number 1 (Consolidated). All contracts, debt
instruments, and official documents of the three entities were revised and/or reauthorized to be that of the
consolidated Trophy Club Municipal Utility District Number 1. The 2009-2010 budget reflects prior year’s
information in consolidated format.
FINANCIAL STRUCTURE
The financial structure of the budget is organized by funds. A fund is generally defined as a fiscal and
accounting entity which has its own self-balancing set of accounts for recording cash and other financial
resources, as well as any liabilities or residual equities or balances. Normally, funds are segregated for the
purpose of carrying on specific activities or attaining certain objectives in accordance with special regulations,
restrictions, or limitations. However, when appropriate, funds are made up of departments. Generally, there are
two types of funds: Governmental and Proprietary. Proprietary normally includes water, wastewater, sewer and
electric services. Governmental Funds include general Operating & Maintenance and Interest & Sinking Funds.
Each of the above-mentioned funds operates separately and independently from one another; therefore, they
are budgeted separately and include separate financial statements.
BUDGETED FUNDS
The Trophy Club Municipal Utility Districts consists of various funds. Each fund represents a specific function
and maintains individual objectives. They include the following funds:
Operating & Maintenance Funds – This contains the control and fiscal accounting for general service
operations, such as water and fire services. The two major revenue sources are water sales and ad valorem
taxes.
Interest & Sinking Fund – The Interest & Sinking Fund is used to record and control the accumulation of
resources for payment of general long-term debt principal and interest. The Trophy Club Municipal Utility
Districts issues debt to acquire or construct capital assets for the general benefit of its customers. Resources
include an applicable portion of the ad valorem tax levy and related interest income usable from debt service.
1
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
ANNUAL PROGRAM OF SERVICES
READER’S GUIDE
BUDGET BASIS
The budget for the Operating & Maintenance and Interest & Sinking Funds are prepared on the modified accrual
basis of accounting. Under this basis of accounting, revenues are recognized when they become both
"measurable" and "available" to finance expenditures of the current period except where the accrual basis is
specified by generally accepted accounting principles. Expenditures are recognized when the related fund
liability is incurred, except for (1) inventories of material and supplies which may be considered expenditures
either when purchased or when used; (2) prepaid insurance and similar items which need not be reported; (3)
accumulated unpaid vacation, sick pay, and other employee benefit amounts which need not be recognized in
the current period; (4) interest on special assessment indebtedness which may be recorded when due rather
than accrued, if approximately offset by interest earnings on special assessment levies; and (5) principal and
interest on long-term debts which are generally recognized when due.
ORGANIZATIONAL RELATIONSHIPS
A department is a major administrative segment of Municipal Utility District, which indicates overall management
responsibility for an operation or a group of related operations within a functional area (e.g., Fire Department,
Water and Wastewater Departments, Information Services Department, etc.). The smallest organizational unit
budgeted is the program. The program indicates responsibility for one functional area, and in many cases these
functional areas are put together to demonstrate a broader responsibility. When this is done, the programs are
combined to make up a department.
2
Residents/Customers/Rate PayersMUD 1 BoardDistrict ManagerMUD SecretarySenior AccountantFire Chief joint funded employeeAssistant Utility SuperintendentAdministrative Assistant/ReceptionistUtility Billing AdministratorUtility Billing AssistantAssistant Superintendent -WaterAssistant Superintendent -CollectionsAssistant Superintendent -WWTPUtility Workers –Water 100% MUDUtility Workers –Collections100% MUDUtility Workers –Wastewater100% MUDFirefightersjoint funded employeesTown Manager3
4
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
ANNUAL PROGRAM OF SERVICES
OPERATIONS AND MAINTENANCE SUMMARY
2009-10 2009-10 2009-10 2010-11
OPERATIONS AND MAINTENANCE ADOPTED AMENDED ESTIMATED ADOPTED
UTILITY OPERATIONS
REVENUES
Property Tax 277,854 277,854 286,500 86,314
Rate Revenue 4,085,816 4,085,816 3,681,053 4,155,048
Penalty and Service Charges 185,240 185,240 130,050 149,500
General Revenue 121,024 121,024 189,184 356,728
TOTAL REVENUE 4,669,934$ 4,669,934$ 4,286,787$ 4,747,590$
EXPENDITURES
Water Operations 2,258,197 2,258,197 1,939,898 2,367,044
Wastewater Operations 821,117 821,117 972,090 799,396
Systems Collections 362,560 362,560 327,053 416,658
Board of Directors 91,833 37,975 24,119 24,528
Manager's Office 366,396 366,396 378,472 547,908
Utility Billing 179,196 179,196 169,724 237,571
Finance 228,363 190,963 173,058 113,706
Information Systems 234,346 234,346 205,202 157,923
Human Resources 40,813 40,813 40,789 6,945
Tax Supported Non Departmental - 91,258 119,948 86,314
Facilities Management 87,113 87,113 77,837 90,739
TOTAL EXPENDITURES 4,669,934$ 4,669,934$ 4,428,190$ 4,848,732$
TOTAL UTILITY REVENUES
OVER (UNDER) EXPENDITURES - - (141,403) (101,142)
BEGINNING FUND BALANCE 1,857,831 1,857,831 1,857,831 1,716,428
ENDING FUND BALANCE 1,857,831$ 1,857,831$ 1,716,428$ 1,615,286$
“PROUDLY SERVING OUR CUSTOMERS FOR OVER 35 YEARS”
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
ANNUAL PROGRAM OF SERVICES
LINE ITEM DETAIL
2009-10 2009-10 2010-11
REVENUES ADOPTED ESTIMATED ADOPTED
PROPERTY TAX
Property Taxes 277,854 282,000 86,314
Property Taxes/P & I - 4,500 -
TOTAL PROPERTY TAX 277,854$ 286,500$ 86,314$
RATE REVENUE
Water 1,683,525 1,536,494 1,709,811
Sewer 1,058,620 986,831 1,098,146
Commercial Water 748,780 660,217 777,075
Commercial Sewer 333,595 255,228 300,403
PID #1 Water 201,396 175,457 195,249
PID #1 Sewer 59,900 66,826 74,364
TOTAL RATE REVENUE 4,085,816$ 3,681,053$ 4,155,048$
PENALTY & SERVICE CHARGES
Standby 1,140 650 -
Penalties 55,000 40,000 50,000
Service Charges 16,000 17,000 17,500
Plumbing Inspections - 1,000 -
Sewer Inspections 1,250 3,000 3,000
Tap Fees - 1,500 -
TCCC Effluent Charges 60,000 35,000 47,500
Fire Line - 4,800 5,000
Out of District / Port Meters 36,150 16,500 16,000
Out of District / Sewer 15,500 9,900 10,000
Out of District / Portable Penalties 200 700 500
TOTAL PENTALTY & SERVICE CHARGES 185,240$ 130,050$ 149,500$
GENERAL REVENUE
Utility Fees - 50,000 167,900
Interest Income 2,000 2,100 2,000
Lease/Rental Income - 850 -
Cell Tower Revenue 10,164 10,164 10,164
Building Rent Income 7,000 7,000 7,000
Sales of Assets - 7,500 -
Vending Machines 850 870 850
Transfer from GASB Reserves 12,710 - 54,314
Oversize Meter Reimbursement 36,000 50,000 50,000
Miscellaneous Income 14,100 14,700 14,500
Sewer/Septic Dump Revenues 32,000 44,000 48,000
Gas Well Revenue 6,200 2,000 2,000
TOTAL GENERAL REVENUE 121,024$ 189,184$ 356,728$
TOTAL REVENUE 4,669,934$ 4,286,787$ 4,747,590$
"PROUDLY SERVING OUR CUSTOMERS FOR OVER 35 YEARS"9/27/201012:19 PM6
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
ANNUAL PROGRAM OF SERVICES
LINE ITEM DETAIL
WATER OPERATIONS 2008-09 2009-10 2009-10 2009-10 2010-11
DESCRIPTION ACTUAL ADOPTED AMENDED ESTIMATE ADOPTED
PERSONNEL SERVICES
Salaries & Wages 146,141 159,774 159,774 123,113 165,718
Overtime 15,832 8,814 8,814 13,715 8,814
Longevity 3,235 1,910 1,910 1,910 2,150
Certification 1,405 1,500 1,500 1,265 1,500
Retirement 19,931 22,360 22,360 18,500 24,945
Medical Insurance 20,686 23,135 23,135 15,195 27,748
Dental Insurance 1,287 1,569 1,569 1,053 1,446
Vision Insurance 309 282 282 193 269
Life Insurance & Other 1,040 1,125 1,125 766 1,177
Social Security Taxes 9,468 10,616 10,616 8,680 10,994
Medicare Taxes 2,214 2,483 2,483 2,103 2,571
Unemployment Taxes 180 270 270 567 720
Workman's Compensation 7,765 5,496 5,496 4,008 7,764
Pre-employment Physicals/Testing - 200 200 200 200
Employee Relations 156 350 350 350 350
TOTAL PERSONNEL SERVICES 229,649$ 239,884$ 239,884$ 191,618$ 256,366$
PROFESSIONAL SERVICES
Engineering 2,500 1,500 1,500 500 1,500
Independent Labor - - - - 500
Maintenance & Repairs 18,576 26,000 26,000 7,850 29,500
Vehicle Maintenance 2,044 3,180 3,180 2,750 3,380
Building Maintenance 406 750 750 450 750
Maintenance-Backhoe/SkidLoader 154 2,900 2,900 1,100 2,900
Lab Analysis 3,389 3,350 3,350 2,100 3,850
TOTAL PROFESSIONAL SERVICES 27,069$ 37,680$ 37,680$ 14,750$ 42,380$
OPERATING EXPENDITURES
Communications/Pagers/Mobiles 2,725 2,016 2,016 1,730 1,599
Electricity 184,177 195,000 195,000 171,500 175,000
Postage - 100 100 75 250
Bad Debt Expense 2,420 4,200 4,200 1,650 4,200
Publications/Books/Subscripts - 50 50 50 50
Dues & Memberships 70 150 150 100 150
Schools & Training 2,351 2,800 2,800 1,250 2,800
Safety Program - 500 500 250 500
Travel & per diem 2,416 3,200 3,200 2,740 3,200
Rent/Lease Equipment - 500 500 - 500
Annual Permit Fee 1,991 6,600 6,600 125 6,600
Bulk Water 982,783 1,410,000 1,393,650 1,200,000 1,410,000
Refund of Prior Year Revenue 67,456 - - - -
Miscellaneous Expenses 88 - - - 1,000
Property Maintenance 2,224 4,200 4,200 3,120 4,200
Lawn Equipment & Maintenance 219 2,000 2,000 1,250 2,000
Furniture/Equipment < $5000 - - - - 1,500
TOTAL OPERATING EXPENDITURES 1,248,920$ 1,631,316$ 1,614,966$ 1,383,840$ 1,613,549$
“PROUDLY SERVING OUR CUSTOMERS FOR OVER 35 YEARS”
7
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
ANNUAL PROGRAM OF SERVICES
LINE ITEM DETAIL
WATER OPERATIONS 2008-09 2009-10 2009-10 2009-10 2010-11
DESCRIPTION ACTUAL ADOPTED AMENDED ESTIMATE ADOPTED
CONSUMABLE SUPPLIES
Fuel & Lube 8,763 15,216 15,216 10,280 15,216
Uniforms 1,508 3,690 3,690 2,970 3,690
Chemicals 4,856 5,200 5,200 5,470 6,200
Small Tools 97 2,500 2,500 2,100 2,500
Safety Equipment 42 2,500 2,500 1,870 2,500
Meter Expense 44,811 75,000 75,000 82,120 85,000
Hardware 374 1,000 1,000 740 1,000
Office Supplies 14 - - - -
Maintenance Supplies 18,465 30,000 30,000 14,600 32,000
Copies - 50 50 - 50
Printing 120 150 150 - 150
TOTAL CONSUMABLE SUPPLIES 79,050$ 135,306$ 135,306$ 120,150$ 148,306$
CAPITAL EXPENDITURES
Capital Expenses 79,335 38,500 54,850 54,850 130,932
GASB34 Reserve for Replacement - 30,000 30,000 30,000 30,000
Variable Speed Pump 38,544 - - - -
Capital Repairs - 9,000 9,000 5,980 9,000
Capital Repairs - Ground Storage 97,742 124,771 124,771 127,710 124,771
Unexpected Maintenance - 250 250 - 250
Capital Leases 11,084 11,490 11,490 11,000 11,490
TOTAL CAPITAL EXPENDITURES 226,705$ 214,011$ 230,361$ 229,540$ 306,443$
TOTAL EXPENDITURES 1,811,393$ 2,258,197$ 2,258,197$ 1,939,898$ 2,367,044$
“PROUDLY SERVING OUR CUSTOMERS FOR OVER 35 YEARS”
8
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
ANNUAL PROGRAM OF SERVICES
LINE ITEM DETAIL
WASTEWATER OPERATIONS 2008-09 2009-10 2009-10 2009-10 2010-11
DESCRIPTION ACTUAL ADOPTED AMENDED ESTIMATE ADOPTED
PERSONNEL SERVICES
Salaries & Wages 131,135 171,607 171,607 171,607 176,791
Overtime 12,322 10,166 10,166 15,166 10,166
Longevity 2,093 3,153 3,153 3,153 3,483
Certification 1,375 2,550 2,550 1,925 2,550
Retirement 17,049 24,372 24,372 25,475 27,019
Medical Insurance 19,411 27,503 27,503 27,503 37,298
Dental Insurance 1,305 1,983 1,983 1,983 1,983
Vision Insurance 289 357 357 357 341
Life Insurance & Other 818 1,198 1,198 1,198 1,237
Social Security Taxes 7,408 9,936 9,936 10,666 10,504
Medicare Taxes 1,733 2,324 2,324 2,495 2,457
Unemployment Taxes 93 270 270 756 720
Workman's Compensation 2,881 5,991 5,991 6,543 8,410
Employee Relations 87 250 250 250 250
TOTAL PERSONNEL SERVICES 197,999$ 261,660$ 261,660$ 269,077$ 283,209$
PROFESSIONAL & CONTRACTUAL SERVICES
Engineering - 1,500 1,500 2,000 4,000
Independent Labor 660 750 750 200 750
Maintenance & Repairs 13,408 20,250 20,250 16,250 17,750
Vehicle Maintenance 902 2,292 2,292 2,275 4,998
Building Maintenance 68 1,400 1,400 850 1,400
Maintenance-Backhoe 405 2,950 2,950 2,000 2,950
Dumpster Services 19,909 28,000 28,000 23,500 35,000
Lab Analysis 18,257 20,750 20,750 15,500 18,750
TOTAL PROF & CONTRACTUAL SERVICES 53,609$ 77,892$ 77,892$ 62,575$ 85,598$
OPERATING EXPENDITURES
Telephone 5 - 10 - -
Communications/Pagers/Mobiles 2,874 3,276 3,276 2,900 3,000
Electricity 234,049 230,000 230,000 198,000 205,000
Water 1,153 1,600 1,600 1,600 1,900
Postage - 120 120 50 120
Publications/Books/Subscripts - 500 500 50 500
Schools & Training 876 1,320 1,320 1,050 1,320
Safety Program - 200 200 100 200
Travel & Per Diem 1,729 1,250 1,250 1,950 1,750
Rent/Lease Equipment 125 200 200 - 200
Annual Permit Fee 7,170 7,500 7,490 7,490 7,500
Miscellaneous Expenses 313 525 525 75 525
Property Maintenance 127 - - - -
Lawn Equipment & Maintenance 107 525 525 400 525
TOTAL OPERATING EXPENDITURE 248,528$ 247,016$ 247,016$ 213,665$ 222,540$
“PROUDLY SERVING OUR CUSTOMERS FOR OVER 35 YEARS”
9
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
ANNUAL PROGRAM OF SERVICES
LINE ITEM DETAIL
WASTEWATER OPERATIONS 2008-09 2009-10 2009-10 2009-10 2010-11
DESCRIPTION ACTUAL ADOPTED AMENDED ESTIMATE ADOPTED
CONSUMABLE SUPPLIES
Fuel & Lube 7,545 3,775 3,775 3,550 6,875
Uniforms 1,170 2,205 2,205 1,500 2,205
Chemicals 9,150 9,900 9,900 16,514 13,000
Small Tools 303 1,260 1,260 900 1,260
Safety Equipment 378 540 540 584 540
Lab Supplies 5,463 6,085 6,085 5,700 6,085
Hardware 83 525 525 250 525
Office Supplies 168 400 400 250 400
Maintenance Supplies 2,908 13,260 13,260 4,500 5,860
Other Consumables - 110 110 25 110
TOTAL CONSUMABLE SUPPLIES 27,168$ 38,060$ 38,060$ 33,773$ 36,860$
CAPITAL EXPENDITURES
Capital Expenses 463,629 144,689 144,689 372,000 136,189
Capital Repairs 8,456 51,800 51,800 21,000 35,000
TOTAL CAPITAL EXPENDITURES 472,085$ 196,489$ 196,489$ 393,000$ 171,189$
TOTAL EXPENDITURES 999,389$ 821,117$ 821,117$ 972,090$ 799,396$
“PROUDLY SERVING OUR CUSTOMERS FOR OVER 35 YEARS”
10
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
ANNUAL PROGRAM OF SERVICES
LINE ITEM DETAIL
WASTEWATER COLLECTIONS 2008-09 2009-10 2009-10 2009-10 2010-11
DESCRIPTION ACTUAL ADOPTED AMENDED ESTIMATE ADOPTED
PERSONNEL SERVICES
Salaries & Wages 143,415 132,345 132,313 132,313 136,341
Overtime 9,843 14,145 14,145 12,136 14,145
Longevity 3,340 2,888 2,920 2,920 3,128
Certification 2,615 1,200 1,200 1,375 1,200
Retirement 18,921 19,575 19,575 19,776 21,674
Medical Insurance 19,553 18,043 18,043 18,043 28,228
Dental Insurance 1,389 1,426 1,426 1,426 1,426
Vision Insurance 306 206 206 222 253
Life Insurance & Other 943 914 914 813 942
Social Security Taxes 9,032 8,396 8,396 8,833 8,769
Medicare Taxes 2,112 1,964 1,964 2,066 2,051
Unemployment Taxes 177 203 203 567 540
Workman's Compensation 3,086 3,147 3,147 3,287 4,412
Employee Relations 38 250 250 250 250
TOTAL PERSONNEL SERVICES 214,770$ 204,702$ 204,702$ 204,027$ 223,359$
PROFESSIONAL & CONTRACTUAL SVCS
Engineering - 1,500 1,500 375 1,500
Independent Labor - 200 200 85 200
Maintenance & Repairs 1,214 10,000 10,000 4,476 23,700
Vehicle Maintenance 1,820 2,068 2,068 1,650 8,143
Building Maintenance - 750 750 250 750
TOTAL PROF & CONTRACT SVCS 3,034$ 14,518$ 14,518$ 6,836$ 34,293$
OPERATING EXPENDITURES
Communications/Pagers/Mobiles 1,870 2,112 2,112 2,100 2,796
Electricity 20,045 22,250 22,250 22,075 23,625
Water 103 750 750 150 750
Postage - 150 150 75 150
Dues & Memberships - 255 255 150 255
Schools & Training 930 2,818 2,818 1,985 2,818
Safety Program - 750 750 450 750
Travel & per diem 1,417 1,500 1,500 750 1,500
Rent/Lease Equipment 36,412 39,000 39,000 38,200 44,107
Miscellaneous Expenses 43 100 100 100 100
Property Maintenance - 1,000 1,000 500 1,000
TOTAL OPERATING EXPENDITURES 60,820$ 70,685$ 70,685$ 66,535$ 77,851$
CONSUMABLE SUPPLIES
Fuel & Lube 6,624 10,700 10,700 10,660 11,700
Uniforms 996 2,505 2,505 1,625 2,505
Chemicals 4,807 10,000 10,000 13,200 12,500
Small Tools - 1,500 1,500 750 1,500
Safety Equipment 103 1,150 1,150 695 1,150
Hardware - 750 750 475 750
Maintenance Supplies 1,395 16,050 16,050 8,250 16,050
TOTAL CONSUMABLE SUPPLIES 13,925$ 42,655$ 42,655$ 35,655$ 46,155$
“PROUDLY SERVING OUR CUSTOMERS FOR OVER 35 YEARS”
11
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
ANNUAL PROGRAM OF SERVICES
LINE ITEM DETAIL
WASTEWATER COLLECTIONS 2008-09 2009-10 2009-10 2009-10 2010-11
DESCRIPTION ACTUAL ADOPTED AMENDED ESTIMATE ADOPTED
CAPITAL EXPENDITURES
Capital Expenses - 10,000 10,000 2,500 15,000
Capital Repairs 2,320 20,000 20,000 11,500 20,000
TOTAL CAPITAL EXPENDITURES 2,320$ 30,000$ 30,000$ 14,000$ 35,000$
TOTAL EXPENDITURES 294,869$ 362,560$ 362,560$ 327,053$ 416,658$
“PROUDLY SERVING OUR CUSTOMERS FOR OVER 35 YEARS”
12
BOARD OF DIRECTORS 2008-09 2009-10 2009-10 2009-10 2010-11
DESCRIPTION ACTUAL ADOPTED AMENDED ESTIMATE ADOPTED
PERSONNEL SERVICES
Salaries & Wages 23,700 15,000 15,000 12,000 10,000
Social Security Taxes 1,426 1,290 1,290 744 620
Medicare Taxes 334 302 302 174 145
Unemployment Taxes 154 375 375 233 210
Workman's Compensation 104 120 120 114 120
TOTAL PERSONNEL SERVICES 25,718$ 17,087$ 17,087$ 13,265$ 11,095$
PROFESSIONAL & CONTRACTUAL SERVICES
Legal 300,050 32,500 - - -
Auditing 17,000 40,000 - - -
Appraisal - 18,874 - - -
Tax Admin Fees 20,999 2,380 - - -
Professional Outside Services 500 - - - -
TOTAL PROF & CONTRACTUAL SERVICES 338,549$ 93,754$ -$ -$ -$
OPERATING EXPENDITURES
Postage 21 - - - -
Publications/Books/Subscripts 20 54 54 54 50
Dues and Memberships 1,142 1,096 2,096 2,000 2,100
Meetings 558 600 600 500 1,278
Schools & Training 4,970 5,775 5,775 4,000 4,000
Travel & per diem 12,776 12,147 11,147 3,800 5,805
Elections 5,862 - - - -
Advertising 836 820 820 200 -
Miscellaneous Expenses 110 300 196 100 150
Interfund Trans Out (MUD1 I&S) 353,630 - - - -
Intergov Trans Out (Fire Construction) 1,778,134 - - - -
Intergov Trans Out (Fire Dept) 1,140,162 - - - -
Loan to MUD 2 240,250 - - - -
TOTAL OPERATING EXPENDITURES 3,538,471$ 20,792$ 20,688$ 10,654$ 13,383$
CONSUMABLE SUPPLIES
Office Supplies - 200 200 200 50
TOTAL CONSUMABLE SUPPLIES -$ 200$ 200$ 200$ 50$
CAPITAL EXPENDITURES
To MUD2 Water Plant Renovation 29,378 - - - -
Paying Agent Fee 750 - - - -
TOTAL CAPITAL EXPENDITURES 30,128$ -$ -$ -$ -$
EXPENDITURE TOTALS 3,932,866$ 131,833$ 37,975$ 24,119$ 24,528$
13
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
ANNUAL PROGRAM OF SERVICES
LINE ITEM DETAIL
MANAGERS OFFICE 2008-09 2009-10 2009-10 2009-10 2010-11
DESCRIPTION ACTUAL ADOPTED AMENDED ESTIMATE ADOPTED
PERSONNEL SERVICES
Salaries & Wages 232,700 249,499 249,499 258,000 214,374
Overtime 5,093 1,750 1,750 2,608 500
Longevity 1,268 3,056 3,056 3,056 2,580
Retirement 27,999 32,982 32,982 34,700 30,360
Medical Insurance 20,427 22,317 22,317 22,317 17,925
Dental Insurance 1,193 1,446 1,446 1,446 930
Vision Insurance 298 269 269 269 179
Life Insurance & Other 1,280 1,501 1,501 1,280 1,205
Social Security Taxes 13,792 15,459 15,459 16,223 13,474
Medicare Taxes 3,226 3,615 3,615 3,794 3,151
Unemployment Taxes 187 304 304 758 630
Workman's Compensation 270 671 671 1,103 783
Employee Relations 875 838 838 1,096 1,000
TOTAL PERSONNEL SERVICES 308,608$ 333,707$ 333,707$ 346,650$ 287,091$
Legal 112,099 - - - -
Independent Labor 12,599 720 720 600 840
Records Management 590 100 100 500 500
Professional Outside Services 5,250 1,000 1,000 160 229,076
TOTAL PROF & CONTRACTUAL 130,538$ 1,820$ 1,820$ 1,260$ 230,416$
OPERATING EXPENSES
Telephone 190 265 265 250 200
Communications/Pagers/Mobiles 2,093 2,775 2,775 3,000 1,798
Postage 1,404 1,071 1,071 1,500 1,571
Publications/Books/Subscripts 70 350 350 350 450
Dues & Subscriptions 2,837 1,673 1,673 1,570 1,612
Meetings 196 961 961 600 312
Schools & Training 682 2,715 2,715 1,285 2,555
Travel & Per Diem 1,352 2,094 2,094 2,094 3,088
Elections 34 3,500 3,500 2,663 2,500
Advertising 829 650 650 650 1,500
Miscellaneous Expenses 19 100 100 - 100
4th of July Celebration 10,000 10,000 10,000 10,000 10,000
Town 25th Anniversary - - - 2,500 -
Loan to MUD 2 500,000 - - - -
Furniture/Equipment 1,289 1,750 1,750 1,750 1,750
TOTAL OPERATING EXPENSES 520,995$ 27,904$ 27,904$ 28,212$ 27,436$
CONSUMABLE SUPPLIES
Office Supplies 2,806 2,450 2,450 2,250 2,450
Printing 303 515 515 100 515
TOTAL CONSUMABLE SUPPLIES 3,109$ 2,965$ 2,965$ 2,350$ 2,965$
TOTAL EXPENDITURES 963,250$ 366,396$ 366,396$ 378,472$ 547,908$
PROFESSIONAL & CONTRACTUAL
“PROUDLY SERVING OUR CUSTOMERS FOR OVER 35 YEARS”
14
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
ANNUAL PROGRAM OF SERVICES
LINE ITEM DETAIL
UTILITY BILLING 2008-09 2009-10 2009-10 2009-10 2010-11
DESCRIPTION ACTUAL ADOPTED AMENDED ESTIMATE ADOPTED
PERSONNEL SERVICES
Salaries & Wages 76,155 79,238 79,238 78,600 112,537
Overtime 896 750 750 1,216 1,500
Longevity 125 185 185 185 245
Retirement 9,005 10,422 10,422 10,888 15,999
Medical Insurance 10,382 10,675 10,675 10,675 21,773
Dental Insurance 636 826 826 826 1,136
Vision Insurance 162 133 133 133 209
Life Insurance & Other 459 558 558 558 800
Social Security Taxes 4,254 4,920 4,920 5,092 7,029
Medicare Taxes 995 1,151 1,151 1,190 1,644
Unemployment Taxes 90 135 135 378 540
Workman's Compensation 162 212 212 243 411
TOTAL PERSONNEL SERVICES 103,321$ 109,205$ 109,205$ 109,984$ 163,823$
PROFESSIONAL SERVICES
Independent Labor - 800 800 - 800
Utility Billing Contract 10,207 11,000 11,000 11,000 11,000
TOTAL PROFESSIONAL SERVICES 10,207$ 11,800$ 11,800$ 11,000$ 11,800$
OPERATING EXPENDITURES
Telephone 55 75 75 100 100
Communications/Pagers/Mobiles 420 420 420 420 472
Postage 14,132 15,820 15,820 15,820 18,000
Service Charges & Fees 13,528 15,000 15,000 13,000 18,000
Dues & Memberships - 71 71 - 71
Schools & Training - 800 800 500 800
Travel & per diem - 605 605 - 605
Reg Assessment Fees (5%) 17,843 20,000 20,000 17,200 20,000
Miscellaneous Expenses 48 200 200 - 200
TOTAL OPERATING EXPENDITURES 46,026$ 52,991$ 52,991$ 47,040$ 58,248$
CONSUMABLE SUPPLIES
Office Supplies 232 700 700 700 700
Printing 934 4,500 4,500 1,000 3,000
TOTAL CONSUMABLE SERVICES 1,166$ 5,200$ 5,200$ 1,700$ 3,700$
TOTAL EXPENDITURES 160,720$ 179,196$ 179,196$ 169,724$ 237,571$
“PROUDLY SERVING OUR CUSTOMERS FOR OVER 35 YEARS”
15
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
ANNUAL PROGRAM OF SERVICES
LINE ITEM DETAIL
FINANCE 2008-09 2009-10 2009-10 2009-10 2010-11
DESCRIPTION ACTUAL ADOPTED AMENDED ESTIMATE ADOPTED
PERSONNEL SERVICES
Salaries & Wages 118,653 135,172 127,457 114,743 70,839
Overtime 2,619 2,000 5,683 5,215 3,500
Longevity 1,054 1,259 870 870 1,710
Retirement 13,916 17,996 16,907 16,050 10,647
Medical Insurance 9,342 10,550 9,550 10,121 8,583
Dental Insurance 588 765 765 694 393
Vision Insurance 126 127 127 108 75
Life Insurance & Other 645 830 830 615 424
Social Security Taxes 6,535 8,265 7,965 7,142 4,697
Medicare Taxes 1,528 1,933 1,933 1,670 1,099
Unemployment Taxes 92 135 382 381 180
Worker's Compensation 287 365 565 418 274
Pre-Employment Physicals/Testing 52 - 100 32 -
TOTAL PERSONNEL SERVICES $ 155,437 $ 179,397 $ 173,134 $ 158,059 $ 102,421
Auditing 10,660 40,000 - - -
Professional Outside Services - - 8,705 8,705 5,000
TOTAL PROF & CONTRACTUAL SERVICES $ 10,660 $ 40,000 $ 8,705 $ 8,705 $ 5,000
OPERATING EXPENSES
Telephone 55 103 103 95 100
Communications/Pagers/Mobiles 501 506 506 400 670
Postage 415 900 900 250 500
Service Charges & Fees 3 75 75 50 77
Publications/Books/Subscriptions 78 250 250 50 250
Dues & Memberships 1,134 1,361 1,361 1,300 413
Meetings 69 66 66 88 88
Schools & Training 1,639 1,370 1,370 800 1,040
Travel & Per Diem 1,624 1,635 1,635 1,400 1,547
Advertising - 1,000 - - 500
Miscellaneous Expenses 11 - 895 55 -
Furniture/Equipment < $5000 - - 406 406 -
TOTAL OPERATING EXPENSES $ 5,529 $ 7,266 $ 7,567 $ 4,894 $ 5,185
CONSUMABLE SUPPLIES
Office Supplies 1,085 800 657 500 600
Printing 644 900 900 900 500
TOTAL CONSUMABLE SUPPLIES $ 1,729 $ 1,700 $ 1,557 $ 1,400 $ 1,100
TOTAL EXPENDITURES $ 173,355 $ 228,363 $ 190,963 $ 173,058 $ 113,706
PROFESSIONAL & CONTRACTUAL
“PROUDLY SERVING OUR CUSTOMERS FOR OVER 35 YEARS”
16
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO 1
ANNUAL PROGRAM OF SERVICES
LINE ITEM DETAIL
INFORMATION SYSTEMS 2008-09 2009-10 2009-10 2009-10 2010-11
DESCRIPTION ACTUAL ADOPTED AMENDED ESTIMATE ADOPTED
PERSONNEL
Salaries & Wages 57,899 58,883 58,883 58,883 -
Longevity 233 278 338 338 -
Retirement 6,845 7,691 7,691 7,691 -
Medical Insurance 4,836 4,928 4,928 4,928 -
Dental Insurance 277 310 310 310 -
Vision Insurance 72 60 60 60 -
Life Insurance & Other 342 384 384 384 -
Social Security Taxes 3,451 3,668 3,668 3,668 -
Medicare Taxes 807 858 858 858 -
Unemployment Taxes 44 68 68 189 -
Workman's Compensation 123 156 156 156 -
TOTAL PERSONNEL 74,929$ 77,284$ 77,344$ 77,465$ -$
PROFESSIONAL & CONTRACTUAL SERVICES
Software & Support 58,938 56,190 56,130 44,190 50,453
Independent Labor 617 1,464 1,464 1,464 1,464
TOTAL PROF & CONTRACT SERVICES 59,555$ 57,654$ 57,594$ 45,654$ 51,917$
OPERATING EXPENDITURES
Telephone 12,233 20,520 20,520 12,000 8,040
Communications/Pagers/Mobiles 1,000 1,081 1,081 1,081 -
Postage 27 100 100 2 -
Service Charges & Fees 1 - - - -
Publications/Books/Subscripts 7 63 138 66 -
Dues & Memberships 193 177 177 188 -
Meetings 11 75 75 11 -
Schools & Training 399 1,738 1,663 1,224 -
Travel & Per Diem 89 1,464 1,464 400 -
Advertising - - - - -
Security 652 1,902 1,902 1,350 1,350
Furniture/Equipment < $5000 - - - - -
TOTAL OPERATING EXPENDITURES 14,612$ 27,120$ 27,120$ 16,322$ 9,390$
CONSUMABLE SUPPLIES
Hardware 17,241 36,682 36,682 31,000 60,152
Office Supplies 187 300 300 300 371
Printer Supplies & Maintenance 5,889 4,845 4,845 4,000 5,732
Printing - 100 100 100 -
TOTAL CONSUMABLE SUPPLIES 23,317$ 41,927$ 41,927$ 35,400$ 66,255$
CAPITAL EXPENDITURES
Copier Lease Installments 3,279 3,450 3,450 3,450 3,450
GASB34/Reserve For Replacement 26,911 26,911 26,911 26,911 26,911
TOTAL CAPITAL EXPENDITURES 30,190$ 30,361$ 30,361$ 30,361$ 30,361$
TOTAL EXPENDITURES 202,603$ 234,346$ 234,346$ 205,202$ 157,923$
“PROUDLY SERVING OUR CUSTOMERS FOR OVER 35 YEARS”
17
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
ANNUAL PROGRAM OF SERVICES
LINE ITEM DETAIL
HUMAN RESOURCES 2008-09 2009-10 2009-10 2009-10 2010-11
DESCRIPTION ACTUAL ADOPTED AMENDED ESTIMATE ADOPTED
PERSONNEL SERVICES
Salaries & Wages 25,210 25,698 25,698 25,698 -
Longevity 68 98 98 98 -
Retirement 3,165 3,353 3,353 3,353 -
Medical Insurance 2,453 2,669 2,669 2,669 -
Dental Insurance 142 155 155 155 -
Vision Insurance 37 30 30 30 -
Life Insurance & Other 135 184 184 163 -
Social Security Taxes 1,488 1,587 1,587 1,682 -
Medicare Taxes 349 371 371 374 -
Unemployment Taxes 23 34 34 95 -
Worker's Compensation 52 68 68 78 -
Employee Relations 1,147 1,625 1,625 1,625 1,788
Tuition Reimbursement - 1,500 1,500 700 1,530
Employee Assist Prog 1,275 - - 930 -
Flexible Benefits Admin 1,809 - - 1,792 -
TOTAL PERSONNEL SERVICES $ 37,353 $ 37,372 $ 37,372 $ 39,442 $ 3,318
OPERATING EXPENSES
Telephone 5 26 26 6 27
Communications/Pagers/Mobiles 189 210 210 210 -
Postage 98 102 102 107 104
Publications/Books/Subscriptions 360 440 440 240 462
Dues & Memberships 287 504 504 280 529
Meetings - 130 130 90 134
Schools & Training - 539 539 334 566
Travel & Per Diem 9 8 8 - 8
Physicals/Testing 243 960 960 - 1,260
TOTAL OPERATING EXPENSES $ 1,191 $ 2,919 $ 2,919 1,267$ 3,090$
CONSUMABLE SUPPLIES
Office Supplies 94 412 412 80 424
Printing 43 110 110 - 113
TOTAL CONSUMABLE SUPPLIES $ 137 $ 522 $ 522 80$ 537$
TOTAL EXPENDITURES 38,681$ $ 40,813 $ 40,813 40,789$ 6,945$
“PROUDLY SERVING OUR CUSTOMERS FOR OVER 35 YEARS”
18
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
ANNUAL PROGRAM OF SERVICES
LINE ITEM DETAIL
NON DEPARTMENTAL EXPENSES 2008-09 2009-10 2009-10 2009-10 2010-11
DESCRIPTION ACTUAL ADOPTED AMENDED ESTIMATE ADOPTED
EXPENDITURE
PROFESSIONAL & CONTRACTUAL SERVICES
Ad Valorem Property Tax Appraisal Fees - - 18,374 18,374 20,211
Ad Valorem Property Tax Administration Fees - - 2,984 2,983 3,603
Legal - - 32,500 65,000 35,000
Audit - - 37,400 33,591 27,500
TOTAL PROF & CONTRACTUAL SERVICES -$ -$ 91,258$ 119,948$ 86,314$
EXPENDITURE TOTALS -$ -$ 91,258$ 119,948$ 86,314$
“PROUDLY SERVING OUR CUSTOMERS FOR OVER 35 YEARS”
19
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
ANNUAL PROGRAM OF SERVICES
LINE ITEM DETAIL
FACILITIES MANAGEMENT 2008-09 2009-10 2009-10 2009-10 2010-11
DESCRIPTION ACTUAL ADOPTED AMENDED ESTIMATE ADOPTED
PROFESSIONAL & CONTRACTUAL SERVICES
Building Maintenance 6,642 11,400 6,595 4,500 11,970
Cleaning Services 8,111 9,000 9,000 8,200 9,450
TOTAL PROF & CONTRACT SERVICES 14,753$ 20,400$ 15,595$ 12,700$ 21,420$
OPERATING EXPENSES
Electricity 15,520 19,900 19,900 14,000 20,895
Water 756 1,030 1,030 1,000 1,061
Rent And/Or Usage 13,182 13,182 13,182 13,182 13,182
Insurance 23,400 29,601 34,406 34,805 31,081
TOTAL OPERATING EXPENSES 52,858$ 63,713$ 68,518$ 62,987$ 66,219$
CONSUMABLE SUPPLIES
Maintenance Supplies 1,685 2,000 2,000 1,500 2,100
Vending Machine Supplies 996 1,000 1,000 650 1,000
TOTAL CONSUMABLE SUPPLIES 2,681$ 3,000$ 3,000$ 2,150$ 3,100$
TOTAL EXPENDITURES 70,292$ 87,113$ 87,113$ 77,837$ 90,739$
“PROUDLY SERVING OUR CUSTOMERS FOR OVER 35 YEARS”
20
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
ANNUAL PROGRAM OF SERVICES
LINE ITEM DETAIL
FIRE OPERATIONS FUND 2008-09 2009-10 2009-10 2009-10 2010-11
DESCRIPTION ACTUAL ADOPTED AMENDED ESTIMATE ADOPTED
REVENUE
Assessment - Emerg Svcs - 51,966 51,966 51,966 111,648
Property Taxes/MUD Fire - 1,117,013 1,117,013 1,134,034 1,072,786
Property Taxes/Fire P&I - 6,500 6,500 15,500 7,500
Fire Permits/Sprinkler - - - 3,600 -
Fire Inspections - - - 675 -
Denton/Tarrant Cty Pledge - Fire 10,000 13,750 13,750 13,750 13,750
Intergov Trans In (MUD1 Fire) 633,242 - - - -
Intergov Trans In (MUD2 Fire) 506,490 - - - -
Intergov Trans In (PID Fire) 20,653 - - - -
Intergov Trans In (P&I) 430 - - - -
Fire Grants 3,000 - - - -
Misc Fire Revenue 978 1,200 1,200 1,200 2,500
Interest Income 425 - - 30 -
Miscellaneous Income - - - 18,925 -
TOTAL REVENUES 1,175,218$ 1,190,429$ 1,190,429$ 1,239,680$ 1,208,184$
EXPENDITURES
PERSONNEL SERVICES
Salaries & Wages 373,637 398,849 398,620 404,361 390,466
Overtime 37,818 40,298 40,298 38,350 40,298
DPS Holiday Pay 10,763 11,329 11,464 11,464 11,604
Longevity 2,204 2,704 2,798 2,798 2,946
Certification 7,064 5,356 5,356 6,266 5,401
Retirement 47,124 59,532 59,532 61,425 63,016
Medical Insurance 43,162 42,897 42,897 41,478 54,809
Dental Insurance 2,684 3,052 3,052 2,964 2,819
Vision Insurance 579 493 493 448 505
Life Insurance & Other 2,228 2,582 2,582 2,237 2,491
Social Security Taxes 23,146 26,516 26,516 27,705 26,252
Medicare Taxes 5,413 6,201 6,201 6,479 6,140
Unemployment Taxes 378 549 549 1,700 1,387
Workman's Compensation 8,956 9,799 9,799 12,276 13,134
Pre-Employment Physicals/Testing 609 675 675 278 675
TOTAL PERSONNEL SERVICES 565,765$ 610,832$ 610,832$ $ 620,229 621,943$
Maintenance & Repairs 2,377 5,400 5,400 5,000 5,562
Vehicle Maintenance 7,154 13,500 13,500 13,500 13,500
Equipment Maintenance 873 3,500 3,500 3,500 3,675
Building Maintenance 4,110 11,000 11,000 3,000 11,000
Maintenance-Radios 563 1,000 1,000 1,000 1,050
Professional Outside Services 45,157 40,000 40,000 39,388 40,000
TOTAL PROF & CONTRACT SVCS 60,234$ 74,400$ 74,400$ $ 65,388 74,787$
PROFESSIONAL & CONTRACTUAL SVC
“PROUDLY SERVING OUR CUSTOMERS FOR OVER 35 YEARS”
21
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
ANNUAL PROGRAM OF SERVICES
LINE ITEM DETAIL
FIRE OPERATIONS FUND 2008-09 2009-10 2009-10 2009-10 2010-11
DESCRIPTION ACTUAL ADOPTED AMENDED ESTIMATE ADOPTED
OPERATING EXPENSES Telephone 44 100 100 100 103
Communications/Pagers/Mobiles 2,287 2,477 2,477 2,200 1,874
Electricity 10,375 16,571 16,571 16,571 17,400
Water 2,764 3,100 3,100 1,000 3,193
Rent And/Or Usage 308,000 308,000 308,000 308,000 308,000
Postage 134 93 93 93 95
Insurance 5,280 19,024 19,024 19,024 19,975
Publications/Books/Subscripts 280 364 364 264 382
Dues & Memberships 7,196 7,960 7,960 6,500 8,358
Meetings 336 300 300 300 -
Schools & Training 4,002 6,300 6,300 5,300 6,615
Emergency Management 1,000 1,000 1,000 1,000 1,000
Travel & Per Diem 2,796 6,769 6,769 5,769 7,107
Physicals/Tests 125 1,843 1,843 1,843 1,880
Advertising 118 150 150 - 153
Programs & Special Projects 2,573 4,000 4,000 4,000 4,080
Fire Inspection/Enforcement 425 1,000 1,000 1,000 1,000
Flags & Repair 1,869 2,307 2,307 2,307 2,422
Miscellaneous Expenses 1,478 1,200 1,200 1,200 1,213
TOTAL OPERATING EXPENSES 351,082$ 382,558$ 382,558$ $ 376,471 384,850$
CONSUMABLE SUPPLIES
Fuel & Lube 6,230 15,795 12,095 7,800 16,585
Uniforms 2,927 4,230 4,230 3,200 4,357
Protective Clothing 359 4,600 4,600 4,600 7,600
Chemicals 504 1,500 1,500 1,500 1,545
Small Tools 5,810 7,890 7,890 5,000 8,127
Office Supplies 279 310 310 310 319
Maintenance Supplies 1,630 2,526 2,526 2,526 2,652
Printing 230 100 100 - 103
TOTAL CONSUMABLE SUPPLIES 17,969$ 36,951$ 33,251$ $ 24,936 41,288$
CAPITAL EXPENSES
Grant Match - 3,000 10,000 10,000 3,000
Vehicles 15,963 7,500 4,200 4,183 4,183
Vehicle Equipment 3,363 - - - -
Radios 1,203 - - - 2,500
Engine 681 Payment 73,911 72,943 72,943 72,943 73,388
Airpacks 2,245 2,245 2,245 2,245 2,245
TOTAL CAPITAL EXPENSES 96,685$ 85,688$ 89,388$ $ 89,371 85,316$
EXPENDITURE TOTAL 1,091,735$ 1,190,429$ 1,190,429$ 1,176,395$ 1,208,184$
REVENUES OVER (UNDER) EXPENDITURES -$ -$ -$ 63,285$ -$
“PROUDLY SERVING OUR CUSTOMERS FOR OVER 35 YEARS”
22
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
ANNUAL PROGRAM OF SERVICES
LINE ITEM DETAIL
2008-09 2009-10 2009-10 2009-10 2010-11
INTEREST & SINKING FUND ACTUAL ADOPTED AMENDED ESTIMATED ADOPTED
REVENUES
Property Taxes 1,100,081 703,310 703,310 728,000 755,712
Property Taxes/P & I 12,224 9,000 9,000 14,000 9,500
Interest Income 4,106 2,000 2,000 2,000 500
Prior Year Reserves - - - - -
From M1- Water Plant Renovation 29,379 - - - -
Fire Rent - 308,000 308,000 308,000 308,000
PID Connection Fees - 345,000 345,000 345,000 246,100
Interfund Trans In (MUD1 O&M) 290,669 - - - -
Interfund Trans In (MUD2 O&M) 62,961 - - - -
TOTAL REVENUES 1,499,420$ 1,367,310$ 1,367,310$ 1,397,000$ 1,319,812$
EXPENDITURES
Paying Agent Fees 2,760 4,000 4,000 3,500 3,500
Bond Interest Expense 349,435 308,310 308,310 308,310 379,559
Bond Principal Payment 1,025,000 1,055,000 1,055,000 1,055,000 1,115,000
TOTAL I & S EXPENDITURES 1,377,195$ 1,367,310$ 1,367,310$ 1,366,810$ 1,498,059$
TOTAL REVENUES OVER EXPENDITURES 122,225$ -$ -$ 30,190$ (178,247)$
BEGINNING FUND BALANCE 117,209 239,434 239,434 239,434 269,624
ENDING FUND BALANCE 239,434$ 239,434$ 239,434$ 269,624$ 91,377$
“PROUDLY SERVING OUR CUSTOMERS FOR OVER 35 YEARS”
23
TROPHY CLUB MUNICIPAL UTILITY DISTRICT No. 1
ANNUAL PROGRAM OF SERVICES
MUNICIPAL UTILITY DISTRICT NO. 1
ASSESSED NET TAXABLE VALUE ($M)
TEN YEAR SUMMARY
TAX YEAR 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009* 2010
MUD NO. 1 416.7 418.0 386.2 377.8 404.4 409.7 451.8 520.8 520.2 1,023.5 982.0
MUD NO. 2 227.6 261.1 284.8 307.4 308.1 318.0 359.4 391.2 433.9
TOTAL 644.3 679.1 671.0 685.2 712.5 727.7 811.2 912.0 954.1 1,023.5 982.0
* As a result of the May 9, 2009 election, voters approved the consolidation of Trophy Club
Municipal District No. 1 (MUD 1) and Trophy Club Municipal District No. 2 (MUD 2).
$-
$200
$400
$600
$800
$1,000
$1,200
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009* 2010
“PROUDLY SERVING OUR CUSTOMERS FOR OVER 35 YEARS”
24
TROPHY CLUB MUNICIPAL UTILITY DISTRICT No. 1
ANNUAL PROGRAM OF SERVICES
MUNICIPAL UTILITY DISTRICT NO. 1
TAX
YEAR
O&M
RATE
FIRE
RATE
O&M
TOTAL
I&S
RATE
TOTAL
RATE
%
CHG
TAX
YEAR
O&M
RATE
FIRE
RATE
O&M
TOTAL
I&S
RATE
TOTAL
RATE
%
CHG
1980 0.10000 0.00000 0.10000 0.85000 0.95000 -1995 0.01000 0.05670 0.06670 0.23330 0.30000 0.0%
1981 0.20000 0.00000 0.20000 0.75000 0.95000 0.0%1996 0.01000 0.05970 0.06970 0.23030 0.30000 0.0%
1982 0.00000 0.00000 0.00000 0.56000 0.56000 -41.1%1997 0.01000 0.05970 0.06970 0.22030 0.29000 -3.3%
1983 0.03800 0.00000 0.03800 0.56000 0.59800 6.8%1998 0.01000 0.06500 0.07500 0.20500 0.28000 -3.4%
1984 0.03800 0.00000 0.03800 0.56000 0.59800 0.0%1999 0.01000 0.07030 0.08030 0.15970 0.24000 -14.3%
1985 0.03800 0.00000 0.03800 0.56000 0.59800 0.0%2000 0.01000 0.04980 0.05980 0.18020 0.24000 0.0%
1986 0.10000 0.03800 0.13800 0.46000 0.59800 0.0%2001 0.01000 0.05320 0.06320 0.17680 0.24000 0.0%
1987 0.01000 0.03700 0.04700 0.37000 0.41700 -30.3%2002 0.01000 0.09000 0.10000 0.20000 0.30000 25.0%
1988 0.01000 0.03900 0.04900 0.30000 0.34900 -16.3%2003 0.06000 0.10760 0.16760 0.11240 0.28000 -6.7%
1989 0.04000 0.04000 0.08000 0.20000 0.28000 -19.8%2004 0.01316 0.10886 0.12202 0.15798 0.28000 0.0%
1990 0.03500 0.04500 0.08000 0.17600 0.25600 -8.6%2005 0.03083 0.10273 0.13356 0.14644 0.28000 0.0%
1991 0.01000 0.04500 0.05500 0.24000 0.29500 15.2%2006 0.01953 0.09058 0.11011 0.13989 0.25000 -10.7%
1992 0.01000 0.04500 0.05500 0.24000 0.29500 0.0%2007 0.01020 0.09894 0.10914 0.12086 0.23000 -8.0%
1993 0.01000 0.04500 0.05500 0.24000 0.29500 0.0%2008 0.01479 0.11602 0.13081 0.09419 0.22500 -2.2%
1994 0.01000 0.05000 0.06000 0.24000 0.30000 1.7%
MUNICIPAL UTILITY DISTRICT NO. 2
1986 0.00000 0.07600 0.07600 0.00000 0.07600 -1998 0.04420 0.06500 0.10920 0.29000 0.39920 -11.0%
1987 0.09200 0.07500 0.16700 0.00000 0.16700 119.7%1999 0.02320 0.07030 0.09350 0.27190 0.36540 -8.5%
1988 0.08100 0.07300 0.15400 0.00000 0.15400 -7.8%2000 0.06990 0.04450 0.11440 0.25100 0.36540 0.0%
1989 0.10000 0.08000 0.18000 1.30000 1.48000 861.0%2001 0.10180 0.07250 0.17430 0.19110 0.36540 0.0%
1990 0.06280 0.04500 0.10780 0.65000 0.75780 -48.8%2002 0.05592 0.11192 0.16784 0.17216 0.34000 -7.0%
1991 0.06830 0.04500 0.11330 0.77460 0.88790 17.2%2003 0.01206 0.10760 0.11966 0.21934 0.33900 -0.3%
1992 0.03660 0.04500 0.08160 0.70610 0.78770 -11.3%2004 0.01480 0.10886 0.12366 0.22534 0.34900 2.9%
1993 0.04730 0.04500 0.09230 0.69540 0.78770 0.0%2005 0.03884 0.10273 0.14157 0.20743 0.34900 0.0%
1994 0.02940 0.05000 0.07940 0.65060 0.73000 -7.3%2006 0.02035 0.09058 0.11093 0.18807 0.29900 -14.3%
1995 0.02370 0.05670 0.08040 0.54930 0.62970 -13.7%2007 0.01093 0.09894 0.10987 0.16936 0.27923 -6.6%
1996 0.02290 0.05970 0.08260 0.44710 0.52970 -15.9%2008 0.01329 0.11602 0.12931 0.13492 0.26423 -5.4%
1997 0.06140 0.05970 0.12110 0.32740 0.44850 -15.3%
MUNICIPAL UTILITY DISTRICT NO. 1 - CONSOLIDATED*
2009 0.02714 0.10914 0.13628 0.06872 0.20500
2010 0.00879 0.10925 0.11804 0.07696 0.19500
* As a result of the May 9, 2009 election, voters approved the consolidation of Trophy Club
Municipal District No. 1 (MUD 1) and Trophy Club Municipal District No. 2 (MUD 2).
TAX RATE HISTORY
“PROUDLY SERVING OUR CUSTOMERS FOR OVER 35 YEARS”
25
TROPHY CLUB MUNICIPAL UTILITY DISTRICT No. 1
ANNUAL PROGRAM OF SERVICES
FISCAL
YEAR
M1 GO SERIES
1997
($3,490,141.65)
M2 GO SERIES
2002
($3,510,000)
M1 GO SERIES
2003
($1,949,287.70)
M2 GO SERIES
2003
($1,200,000)
M2 GO SERIES
2005
($3,134,997.85)
M1 GO SERIES
2010
($2,000,000)
MUD NO. 1
TOTAL
2011 398,620.00 274,667.50 252,962.50 90,277.50 363,660.00 114,371.04 1,494,558.54
2012 - 273,667.50 - 88,215.00 358,685.00 145,732.50 866,300.00
2013 - 277,312.50 - 91,290.00 353,535.00 143,457.50 865,595.00
2014 - 275,300.00 - 89,430.00 148,210.00 146,182.50 659,122.50
2015 - 277,905.00 - 87,090.00 149,210.00 143,732.50 657,937.50
2016 - 279,895.00 - 89,750.00 145,010.00 146,282.50 660,937.50
2017 - 281,250.00 - 92,150.00 145,810.00 148,657.50 667,867.50
2018 - 281,850.00 - 89,350.00 146,410.00 150,857.50 668,467.50
2019 - 286,770.00 - 91,375.00 146,810.00 147,882.50 672,837.50
2020 - 285,632.50 - 88,187.50 147,010.00 149,907.50 670,737.50
2021 - 284,000.00 - 90,000.00 147,010.00 151,757.50 672,767.50
2022 - 286,750.00 - 91,800.00 146,550.00 153,432.50 678,532.50
2023 - 288,750.00 - 88,400.00 145,880.00 153,432.50 676,462.50
2024 - - - - - 153,182.50 153,182.50
2025 - - - - - 152,682.50 152,682.50
2026 - - - - - 148,082.50 148,082.50
2027 - - - - - 153,367.50 153,367.50
2028 - - - - - 153,242.50 153,242.50
2029 - - - - - 152,782.50 152,782.50
2030 - - - - - 152,112.50 152,112.50
2031 - - - - - 151,162.50 151,162.50
398,620.00$ 3,653,750.00$ 252,962.50$ 1,167,315.00$ 2,543,790.00$ 3,112,301.04$ 11,128,738.54$
ANNUAL DEBT SERVICE REQUIREMENTS - BY ISSUE
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1 CONSOLIDATED
$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
$1,400,000
$1,600,000
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031
M1 GO SERIES1997($3,490,141.65)
M2 GO SERIES2002($3,510,000)
M1 GO SERIES2003($1,949,287.70)
M2 GO SERIES2003($1,200,000)
M2 GO SERIES2005($3,134,997.85)
M1 GO SERIES2010($2,000,000)
“PROUDLY SERVING OUR CUSTOMERS FOR OVER 35 YEARS”
26
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
ANNUAL PROGRAM OF SERVICES
FISCAL
YEAR
PRINCIPAL
DUE 09/01
INTEREST
DUE 03/01
INTEREST
DUE 09/01
TOTAL MUD NO. 1
PRINCIPAL &
INTEREST
2011 1,115,000.00 206,598.54 172,960.00 1,494,558.54
2012 565,000.00 150,650.00 150,650.00 866,300.00
2013 585,000.00 140,297.50 140,297.50 865,595.00
2014 400,000.00 129,561.25 129,561.25 659,122.50
2015 415,000.00 121,468.75 121,468.75 657,937.50
2016 435,000.00 112,968.75 112,968.75 660,937.50
2017 460,000.00 103,933.75 103,933.75 667,867.50
2018 480,000.00 94,233.75 94,233.75 668,467.50
2019 505,000.00 83,918.75 83,918.75 672,837.50
2020 525,000.00 72,868.75 72,868.75 670,737.50
2021 550,000.00 61,383.75 61,383.75 672,767.50
2022 580,000.00 49,266.25 49,266.25 678,532.50
2023 605,000.00 35,731.25 35,731.25 676,462.50
2024 110,000.00 21,591.25 21,591.25 153,182.50
2025 115,000.00 18,841.25 18,841.25 152,682.50
2026 115,000.00 16,541.25 16,541.25 148,082.50
2027 125,000.00 14,183.75 14,183.75 153,367.50
2028 130,000.00 11,621.25 11,621.25 153,242.50
2029 135,000.00 8,891.25 8,891.25 152,782.50
2030 140,000.00 6,056.25 6,056.25 152,112.50
2031 145,000.00 3,081.25 3,081.25 151,162.50
8,235,000.00$ 1,463,688.54$ 1,430,050.00$ 11,128,738.54$
ANNUAL PRINCIPAL & INTEREST REQUIREMENT - ALL ISSUES
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1 CONSOLIDATED
$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
$1,400,000
$1,600,000
2011 2013 2015 2017 2019 2021 2023 2025 2027 2029 2031
Series1 Series2 Series3
“PROUDLY SERVING OUR CUSTOMERS FOR OVER 35 YEARS”
27
TROPHY CLUB MUNICIPAL UTILITY DISTRICT No. 1
ANNUAL PROGRAM OF SERVICES
FISCAL
YEAR
PRINCIPAL
DUE 09/01
INTEREST
DUE 03/01
INTEREST
DUE 09/01
MUD NO. 1
TOTAL
2011 380,000.00 9,310.00 9,310.00 398,620.00
380,000.00$ 9,310.00$ 9,310.00$ 398,620.00$
FISCAL
YEAR
PRINCIPAL
DUE 09/01
INTEREST
DUE 03/01
INTEREST
DUE 09/01
MUD NO. 2
TOTAL
2011 150,000.00 62,333.75 62,333.75 274,667.50
2012 155,000.00 59,333.75 59,333.75 273,667.50
2013 165,000.00 56,156.25 56,156.25 277,312.50
2014 170,000.00 52,650.00 52,650.00 275,300.00
2015 180,000.00 48,952.50 48,952.50 277,905.00
2016 190,000.00 44,947.50 44,947.50 279,895.00
2017 200,000.00 40,625.00 40,625.00 281,250.00
2018 210,000.00 35,925.00 35,925.00 281,850.00
2019 225,000.00 30,885.00 30,885.00 286,770.00
2020 235,000.00 25,316.25 25,316.25 285,632.50
2021 245,000.00 19,500.00 19,500.00 284,000.00
2022 260,000.00 13,375.00 13,375.00 286,750.00
2023 275,000.00 6,875.00 6,875.00 288,750.00
2,660,000.00$ 496,875.00$ 496,875.00$ 3,653,750.00$
FISCAL
YEAR
PRINCIPAL
DUE 09/01
INTEREST
DUE 03/01
INTEREST
DUE 09/01
MUD NO. 1
TOTAL
2011 245,000.00 3,981.25 3,981.25 252,962.50
245,000.00$ 3,981.25$ 3,981.25$ 252,962.50$
FISCALYEAR PRINCIPALDUE 09/01 INTERESTDUE 03/01 INTERESTDUE 09/01 MUD NO. 2TOTAL
2011 55,000.00 17,638.75 17,638.75 90,277.50
2012 55,000.00 16,607.50 16,607.50 88,215.00
2013 60,000.00 15,645.00 15,645.00 91,290.00
2014 60,000.00 14,715.00 14,715.00 89,430.00
2015 60,000.00 13,545.00 13,545.00 87,090.00
2016 65,000.00 12,375.00 12,375.00 89,750.00
2017 70,000.00 11,075.00 11,075.00 92,150.00
2018 70,000.00 9,675.00 9,675.00 89,350.00
2019 75,000.00 8,187.50 8,187.50 91,375.00
2020 75,000.00 6,593.75 6,593.75 88,187.50
2021 80,000.00 5,000.00 5,000.00 90,000.00
2022 85,000.00 3,400.00 3,400.00 91,800.00
2023 85,000.00 1,700.00 1,700.00 88,400.00
895,000.00$ 136,157.50$ 136,157.50$ 1,167,315.00$
CONSOLIDATED MUNICIPAL UTILITY DISTRICT NO. 1
GENERAL OBLIGATION BONDS - M2 SERIES 2002
($3,510,000)
GENERAL OBLIGATION BONDS - M1 SERIES 1997
GENERAL OBLIGATION BONDS - M1 SERIES 2003
($3,490,141.65)
($1,949,287.70)
GENERAL OBLIGATION BONDS - M2 SERIES 2003
($1,200,000)
"PROUDLY SERVING OUR CUSTOMERS FOR OVER 35 YEARS"
28
TROPHY CLUB MUNICIPAL UTILITY DISTRICT No. 1
ANNUAL PROGRAM OF SERVICES
CONSOLIDATED MUNICIPAL UTILITY DISTRICT NO. 1
FISCAL
YEAR
PRINCIPAL
DUE 09/01
INTEREST
DUE 03/01
INTEREST
DUE 09/01
MUD NO. 2
TOTAL
2011 285,000.00 39,330.00 39,330.00 363,660.00
2012 290,000.00 34,342.50 34,342.50 358,685.00
2013 295,000.00 29,267.50 29,267.50 353,535.00
2014 100,000.00 24,105.00 24,105.00 148,210.00
2015 105,000.00 22,105.00 22,105.00 149,210.00
2016 105,000.00 20,005.00 20,005.00 145,010.00
2017 110,000.00 17,905.00 17,905.00 145,810.00
2018 115,000.00 15,705.00 15,705.00 146,410.00
2019 120,000.00 13,405.00 13,405.00 146,810.00
2020 125,000.00 11,005.00 11,005.00 147,010.00
2021 130,000.00 8,505.00 8,505.00 147,010.00
2022 135,000.00 5,775.00 5,775.00 146,550.00
2023 140,000.00 2,940.00 2,940.00 145,880.00
2,055,000.00$ 244,395.00$ 244,395.00$ 2,543,790.00$
FISCALYEAR PRINCIPALDUE 09/01 INTERESTDUE 03/01 INTERESTDUE 09/01 MUD NO. 1TOTAL
2011 74,004.79 40,366.25 114,371.04
2012 65,000.00 40,366.25 40,366.25 145,732.50
2013 65,000.00 39,228.75 39,228.75 143,457.50
2014 70,000.00 38,091.25 38,091.25 146,182.50
2015 70,000.00 36,866.25 36,866.25 143,732.50
2016 75,000.00 35,641.25 35,641.25 146,282.50
2017 80,000.00 34,328.75 34,328.75 148,657.50
2018 85,000.00 32,928.75 32,928.75 150,857.50
2019 85,000.00 31,441.25 31,441.25 147,882.50
2020 90,000.00 29,953.75 29,953.75 149,907.50
2021 95,000.00 28,378.75 28,378.75 151,757.50
2022 100,000.00 26,716.25 26,716.25 153,432.50
2023 105,000.00 24,216.25 24,216.25 153,432.50
2024 110,000.00 21,591.25 21,591.25 153,182.50
2025 115,000.00 18,841.25 18,841.25 152,682.50
2026 115,000.00 16,541.25 16,541.25 148,082.50
2027 125,000.00 14,183.75 14,183.75 153,367.50
2028 130,000.00 11,621.25 11,621.25 153,242.50
2029 135,000.00 8,891.25 8,891.25 152,782.50
2030 140,000.00 6,056.25 6,056.25 152,112.50
2031 145,000.00 3,081.25 3,081.25 151,162.50
2,000,000.00$ 572,969.79$ 539,331.25$ 3,112,301.04$
GENERAL OBLIGATION BONDS - M1 SERIES 2010($2,000,000)
($3,134,997.85)
GENERAL OBLIGATION BONDS - SERIES 2005
"PROUDLY SERVING OUR CUSTOMERS FOR OVER 35 YEARS"
29
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
ANNUAL PROGRAM OF SERVICES
FISCAL
YEAR
M1 CO SERIES
2004
($270,000)
M1 CO SERIES
2009
($330,000)
M1 CO SERIES
2010
($179,955)
MUD NO. 1
TOTAL
M1 CO SERIES
2007 - FIRE
($448,000)
MUD NO. 1 & FIRE
TOTAL
2011 34,931.26 118,689.39 43,106.72 196,727.37 73,387.90 270,115.27
2012 - 118,689.39 41,699.17 160,388.56 72,703.30 233,091.86
2013 - - 40,260.43 40,260.43 72,932.10 113,192.53
2014 - - 38,837.29 38,837.29 73,031.00 111,868.29
2015 - - 37,414.14 37,414.14 - 37,414.14
34,931.26$ 237,378.78$ 201,317.75$ 473,627.79$ 292,054.30$ 765,682.09$
ANNUAL DEBT SERVICE REQUIREMENTS - BY ISSUE
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1 - CONSOLIDATED
PRIVATE PLACEMENT CO'S
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
2011 2012 2013 2014 2015
M1 CO SERIES
2004($270,000)
M1 CO SERIES
2009($330,000)
M1 CO SERIES
2010($179,955)
M1 CO SERIES
2007 - FIRE($448,000)
“PROUDLY SERVING OUR CUSTOMERS FOR OVER 35 YEARS”
30
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
ANNUAL PROGRAM OF SERVICES
FISCAL
YEAR
PRINCIPAL
DUE 04/01
INTEREST
DUE 10/01
INTEREST
DUE 04/01
TOTAL
2011 33,750.00 590.63 590.63 34,931.26
33,750.00$ 590.63$ 590.63$ 34,931.26$
FISCAL
YEAR
PRINCIPAL
DUE 07/30
INTEREST
DUE 07/30
INTEREST
DUE
TOTAL
2011 109,946.35 8,743.04 - 118,689.39
2012 114,234.26 4,455.13 - 118,689.39
224,180.61$ 13,198.17$ -$ 237,378.78$
FISCAL
YEAR
PRINCIPAL
DUE 09/01
INTEREST
DUE 08/01
TOTAL
2011 35,991.00 7,115.72 - 43,106.72
2012 35,991.00 5,708.17 - 41,699.17
2013 35,991.00 4,269.43 - 40,260.43
2014 35,991.00 2,846.29 38,837.29
2015 35,991.00 1,423.14 - 37,414.14
179,955.00$ 21,362.75$ -$ 201,317.75$
FISCAL
YEAR
PRINCIPAL
DUE 09/01
INTEREST
DUE 03/01
INTEREST
DUE 09/01
TOTAL
2011 62,000.00 5,693.95 5,693.95 73,387.90
2012 64,000.00 4,351.65 4,351.65 72,703.30
2013 67,000.00 2,966.05 2,966.05 72,932.10
2014 70,000.00 1,515.50 1,515.50 73,031.00
263,000.00$ 14,527.15$ 14,527.15$ 292,054.30$
($330,000)
PUBLIC PROPERTY CONTRACTUAL OBLIGATION - SERIES 2004
($270,000)
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1 - CONSOLIDATED
PUBLIC PROPERTY CONTRACTUAL OBLIGATION - SERIES 2009
PUBLIC PROPERTY CONTRACTUAL OBLIGATION - SERIES 2010
($179,955)
PUBLIC PROPERTY CONTRACTUAL OBLIGATION - SERIES 2007
($448,000)
“PROUDLY SERVING OUR CUSTOMERS FOR OVER 35 YEARS”
31
TROPHY CLUB MUNICIPAL UTILITY DISTRICT No. 1
ANNUAL PROGRAM OF SERVICES
GLOSSARY
Account: A five-digit numerical code of which the first character defines the specific
classification of dollar values in the financial records, i.e., assets, liabilities, equities, revenues
and expenditures/expense. The remaining digits provide a further breakdown of account types
into specific character and object groupings.
Accrual Accounting: A basis of accounting in which revenues are recognized in the period in
which they are earned and become measurable, and expenses are recognized in the period
incurred instead of when cash is actually received or spent. For example, in accrual
accounting, revenue that was earned between April 1 and June 30, but for which payment was
not received until July 10, is recorded as being received on June 30 rather than July 10.
Appropriation: A legal authorization made by the MUD Board of Directors that permits the
MUD to make expenditures and to incur obligations for specific purposes. An appropriation is
usually limited in amount and the time in which it may be expended.
Appropriation Ordinance: The official enactment by the MUD Board of Directors to establish
legal authority for MUD officials to obligate and expend resources.
Assessed Valuation: A value that is established for real or personal property for use as a basis
for levying property taxes. (Note: Property values are established by the Denton County and
Tarrant Appraisal District.)
Audit: A comprehensive examination of how an organization’s resources were actually utilized,
concluding in a written report of the findings. A financial audit is a review of the accounting
system and financial information to determine how government funds were spent and whether
expenditures were in compliance with the legislative body's appropriations. A performance
audit consists of a review of how well the organization met its stated goals.
Authorized Position (A.P.): A position included in the proposed budget document, authorized
by the MUD Board of Directors as part of the total authorized strength of a department.
Positions are specifically approved by designated classification titles and corresponding salary
level, based on an analysis of the tasks to be performed.
Balance Sheet: A financial statement that discloses the assets, liabilities, and equity of a
specific governmental fund as of a specific date.
Bond: An interest-bearing certificate of debt; a written contract by an issuer to pay to the lender
a fixed principal amount on a stated future date, and a series of interest payments on the
principal amount until it is paid.
“PROUDLY SERVING OUR CUSTOMERS FOR OVER 35 YEARS”
32
TROPHY CLUB MUNICIPAL UTILITY DISTRICT No. 1
ANNUAL PROGRAM OF SERVICES
Budget: A financial plan for a specified period of time (fiscal year) that includes all planned
expenditures for various municipal services and the proposed means of financing them.
Budget Amendment: A legal procedure utilized during the fiscal year by the MUD staff and
MUD Board of Directors to revise a budget appropriation. The MUD Manager has the
prerogative to adjust expenditures within the adopted appropriation.
Budget Calendar: The schedule of key dates or milestones, which the MUD departments follow
in the preparation, adoption, and administration of the budget.
Budget Document: The instrument used by the MUD staff to present a comprehensive
financial program to the MUD Board of Directors.
Budgetary Control: The control or management of a governmental unit or enterprise in
accordance with an approved budget for the purpose of keeping expenditures within the
limitations of available appropriations and available revenues.
Budgeted Funds: Funds that are planned for certain uses but have not yet been formally or
legally appropriated by the legislative body. The budget document that is submitted for MUD
Board of Director’s approval is comprised of budgeted funds.
Capital Equipment Budget: The portion of the annual operating budget that appropriates funds
for the purchase of capital equipment items. These expenditures are often separated from
regular operating items, such as salaries, services, and supplies. The Capital Equipment
Budget includes funds for capital equipment purchases, which are usually distinguished from
operating items according to their value and projected useful life. Examples include vehicles,
minor equipment, furniture, machinery, building improvements, and special tools. The dollar
value varies according to the policy established by each jurisdiction.
Capital Improvement Program: A plan for capital expenditures to provide long-lasting physical
improvements to be acquired over a fixed period of years.
Capital Improvement Program Budget: A Capital Improvement Program (CIP) Budget is a
separate budget from the operating budget. Items in the CIP are usually construction projects
designed to improve the value of government assets. Examples of capital improvement projects
include new water lines, sewer lines, facilities, and large scale remodeling.
Cash Accounting: A basis of accounting in which transactions are recorded when cash is
either received or expended for goods and services.
Cash Balance: Cash on hand and cash equivalents at any point in time, net of inflows and
outflows.
“PROUDLY SERVING OUR CUSTOMERS FOR OVER 35 YEARS”
33
TROPHY CLUB MUNICIPAL UTILITY DISTRICT No. 1
ANNUAL PROGRAM OF SERVICES
Cash Management: The management of cash necessary to pay for government services while
investing temporary cash excesses in order to earn interest revenue. Cash management refers
to the activities of forecasting the inflows and outflows of cash, mobilizing cash to improve its
availability for investment, establishing and maintaining banking relationships, and investing
funds in order to achieve the highest interest and return available for temporary cash balances.
Commitment: The pledge of appropriated funds to purchase an item or service.
Current Taxes: Taxes that are levied and due within one year.
Debt Service: The MUD's obligation to pay the principal and interest of all bonds and other debt
instruments according to a pre-determined payment schedule.
Delinquent Taxes: Taxes that remain unpaid on and after the date due, on which a penalty for
nonpayment is attached.
Department: A major administrative division of the MUD that indicates overall management
responsibility for an operation or group of related operations within a functional area.
Depreciation: The process of estimating and recording the lost usefulness or expired useful life
from a fixed asset that cannot or will not be restored by repair and will be replaced. The cost of
the fixed asset's lost usefulness is the depreciation or the cost to reserve in order to replace the
item at the end of its useful life.
Disbursement: Payment for goods and services in cash or by check.
Encumbrance: The commitment of appropriated funds to purchase an item or service.
Committed funds become encumbered when a purchasing requisition becomes an actual
purchase order.
Expenditure: Decreases in the use of net financial resources other than through interfund
transfer.
Expenses: Outflows or other depletion of assets or incurrence of liabilities during a specific
period of time, which result from the delivery or production of goods, rendering of services, or
carrying out of other activities that constitute the entity's ongoing major central operations.
Fiscal Year: The twelve-month period to which the annual operating budget applies and at the
end of which a government determines its financial position and the results of it operations. The
Trophy Club MUD No. 1’s fiscal year is October 1 through September 30.
“PROUDLY SERVING OUR CUSTOMERS FOR OVER 35 YEARS”
34
TROPHY CLUB MUNICIPAL UTILITY DISTRICT No. 1
ANNUAL PROGRAM OF SERVICES
Fixed Assets: Assets of long-term character that are intended to continue to be held or used,
such as land, buildings, machinery, furniture, and other equipment.
Full Faith and Credit: A pledge of the general taxing power of a government to repay debt
obligations (typically used in reference to bonds).
Function: A group of related programs crossing organizational (departmental) boundaries and
aimed at accomplishing a broad goal or major service.
Fund: A fiscal and accounting entity with a self-balancing set of accounts that records all
financial transactions for specific activities of government functions. Seven major fund types
and two account groups are commonly used: general fund, special revenue funds, debt service
funds, capital project funds, enterprise funds, trust and agency funds, internal service funds,
general fixed asset account group, and general long-term debt account group.
Fund Balance: The difference between a fund's assets and its liabilities. Portions of the fund
balance may be reserved for various purposes, such as contingencies or encumbrances.
General Fund: The largest fund within the MUD that accounts for all financial resources of the
government except for those required to be accounted for in another fund. General Fund
revenues include property taxes, water revenues, wastewater revenues, service charges, and
other types of revenue. This fund usually includes most of the basic operating services, such as
water and wastewater utility operations, fire service, and general administration.
General Ledger: A file that contains a listing of the various accounts necessary to reflect the
financial position and results of governmental operations.
General Obligation Bonds: Bonds that finance a variety of public projects such as water,
wastewater, and fire improvements. The repayment of these bonds is usually made from the
Interest and Sinking Fund, and these bonds are backed by the full faith and credit of the issuing
government.
Grant: A contribution by a government or other organization to support a particular function.
Grants may be classified as either categorical or block depending upon the amount of discretion
allowed to the grantee.
Intergovernmental Revenue: Revenue received from another governmental entity for a
specified purpose.
Inventory: A detailed listing of property currently held by the government showing quantities,
descriptions and values of the property, units of measure, and unit prices.
“PROUDLY SERVING OUR CUSTOMERS FOR OVER 35 YEARS”
35
TROPHY CLUB MUNICIPAL UTILITY DISTRICT No. 1
ANNUAL PROGRAM OF SERVICES
Invoice: A bill requesting payment for goods or services by a vendor or other governmental
unit.
Levy: To impose taxes, special assessments, or service charges for the support of MUD
activities.
Line-Item Budget: A budget that lists each expenditure category (salary, materials, telephone
service, travel, etc.) separately along with the dollar amount budgeted for each specified
category.
Long-Term Debt: Any unmatured debt that is not a fund liability and at the same time has a
maturity of more than one year.
Modified Accrual Accounting: A basis of accounting in which revenues should be recognized
in the accounting period in which they become available and measurable and expenditures are
recorded in the accounting period that they are incurred. Since this type of accounting basis is
a conservative financial approach, it is recommended as the standard for most governmental
funds.
Operating Budget: The portion of the budget that pertains to daily operations which provides
basic governmental services. The operating budget contains appropriations for such
expenditures as personnel, supplies, utilities, materials, travel, and fuel and the proposed
means of financing them.
Operating Fund: A fund restricted to a fiscal budget year.
Reconciliation: A detailed analysis of changes in revenue or expenditure balances within a
fund.
Requisition: A written request from a department to the purchasing office for specific goods or
services. This action precedes the authorization of a purchase order.
Reserve: An account used to indicate that a portion of a fund's balance is legally restricted for a
specific purpose and is, therefore, not available for general appropriations.
Retained Earnings: The difference between assets and liabilities.
Revenue: Increases in the net current assets of a governmental fund type from other than
expenditure refunds and residual equity transfers, and increases in net total assets of a
proprietary fund type from other than expense refunds, capital contributions and residual equity
transfers. Included are such items as tax payments, fees from specific services, receipts from
other governments, fines, forfeitures, grants, shared revenues, and interest income.
“PROUDLY SERVING OUR CUSTOMERS FOR OVER 35 YEARS”
36
TROPHY CLUB MUNICIPAL UTILITY DISTRICT No. 1
ANNUAL PROGRAM OF SERVICES
“PROUDLY SERVING OUR CUSTOMERS FOR OVER 35 YEARS”
Revenue Bonds: Bonds usually sold for constructing a project that will produce revenue for the
government. All or part of the revenue is used to pay the principle and interest of the bond.
Risk Management: An organized attempt to protect a government's assets against accidental
loss, utilizing the most economical methods.
Source of Revenue: Revenues are classified according to their source or point of origin.
Unencumbered Balance: The amount of an appropriation that is neither expended nor
encumbered. It is essentially the amount of money still available for future purchases.
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