HomeMy WebLinkAbout2019-0916A Resolution Amending FY2019 BudgetResolution No. 2019-0916A
RESOLUTION NO. 2019-0916A
A RESOLUTION OF TROPHY CLUB MUNICIPAL UTILITY
DISTRICT NO. 1 TO AMEND FISCAL YEAR 2019 BUDGET
WHEREAS, Trophy Club Municipal Utility District No. 1 (the "District") is a conservation and
reclamation district, and a political subdivision of the State of Texas, created under Article XVI, Sec. 59
of the Texas Constitution by order of the Texas Water Commission, now the Texas Commission on
Environmental Quality ("TCEQ"), and the District operates under Chapters 49 and 54 of the Texas Water
Code, as amended;
WHEREAS, Title 30, Texas Administrative Code, Section 293.97(b), provides that prior to the
start of a fiscal year, the governing board of each active district shall adopt an operating budget for the
upcoming fiscal year. The rule further provides that the adopted budget and any subsequent amendments
thereto shall be passed and approved by a resolution of the governing board and shall be made a part of
the governing board minutes;
WHEREAS, The Board of Directors of the District previously approved a resolution adopting the
2019 fiscal year budget for the District on September 19, 2018; and
WHEREAS, The Board of Directors now desires to amend its 2019 fiscal year budget.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF TROPHY CLUB
MUNICIPAL UTILITY DISTRICT NO. 1 THAT:
Section 1. The Board of Directors hereby amends the fiscal year budget for the 2019 Fiscal
Year. A copy of the budget amendment is attached to this Resolution. The budget amendment is hereby
approved for all purposes.
Section 2. A copy of this Resolution amending the fiscal year 2019 budget shall be attached to
the meeting minutes of September 16, 2019.
Section 3. The President and Secretary of the Board are hereby authorized and directed to
execute this Resolution. After this Resolution is executed, an original Resolution shall be filed in the
permanent records of the District.
RESOLVED, PASSED AND APPROVED this 16"' day of September 2019.
ATTEST:
Steve Flynn, SecretaryJ\
Board of Directors +
Gregory Wilson, President
Board of Directors
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Resolution No. 2019-0916A
EXHIBIT "A"
(Amended Budget)
2 of 2
FY 2019
Budget Amendment #2
Account
135-47000-000-000
135-47005-000-000
135-47025-000-000
135-49010-000-000
135-49035-000-000
135-49036-000-000
135-49900-000-000
Description
General Fund Revenues
Water
Sewer
Penalties
Interest Income
Prior Year Reserves
GASB Reserves
Miscellaneous InFome
ITotal
FY 2019 FY 2019 FY 2019 FY 2019
Adopted J Amended 81 J Amended 82 Net Change
I I I I I
6,599,484 6,599,484 5,070,552 (1,528,932)
3,412,665 3,412,665 3,112,665 (300,000)
136,418 136,418 106,418 (30,000)
20,000 80,000 130,000 50,000
358,600 617,929 259,329
- 266,613 150,000 (116,613)
7,000 7,000 20,500 13,500
1 10,613,203'1 11,343,416 I 9,690,699 I (1,652,716) )
YTD Projected
Change 1 Totals FY 2019
I
-23.17%
-8,79%
-21.99%
62.50%
72.32%
-43.74%
192.86%
-15.57%1
Comments
5,070,552 Water Consumption Lower Due to Extremely Wet Year
3,112,665 Sewer Lower Due to Extremely Wet Year/Less Water Consumption
106,418 Lower Due to Lower Overall U8 Bills
130,000 Texpool Interest Rates Higher and More Reserves than Budgeted
617,929 Capital; Water: $85,607.13, Wastewater: $47,222, Admin: $75,113, Moving GASB Reserves $116,613
150,000 Moving Reserves- GASB Reserves Water $116,613 Out of Prior Year Reserves
20,500 $7,242 Employee Salaries, Moving $16,900.96 To Medical Insurance Exp (Aetna: $24,142.96)
9,527,0381
Water
135-50010-010-000
135-50026-010-000
135-60020-010-000
135-60150-010-000
135-60332-010-000
135-69005-010-000
Wastewater
135-50010-020-000
135-50026-020-000
135-55005-020-000
135-55070-020-000
135-60020-020-000
135-60332-020-000
135-69005-020-000
135-69008-020-000
135-69009-020-000
135-70020-020-000
General Fund Expenses
Overtime
Medical Insurance
Electricity
Wholesale Water
Interfund Transfer Out- Revenue I&S
Capital Outlays
Subtotal Water
Overtime
Medical Insurance
Engineering
Independent Labor
Electricity
Interfund Transfer Out- Revenue I&S
Capital Outlays
Short Term Debt -Principal
Short Term Debt -Interest
Capital Lease Issuance Cost
Subtotal Wastewater
20,000 20,000 17,000 (3,000) -15.00% 17,000 Less Overtime Used, Wastewater Employee Filled Open Position
74,818 74,81849,818 (25,000) -33.41% 49,818 Originally Budgeted for 2 Vacant Positions at Highest Rate, Official Rates Unknown When Budgeted
154,204 154,204 114,204 (40,000) -25.94% 114,204 Actual Energy Use Less than Expected
3,013,494 3,013,494 1,876,437 (1,137,057) -37.73% 1,876,437 Water Consumption Lower Due to Extremely Wet Year, Less Water Purchased
585,209 585,209 276,901 (308,308) -52.68% 276,901 Budgeted for New Bond Payments, First Payment in FY 2020
453,000 719,613805,220 85,607 11.90% 1,108,783 Indian Creek/ Phoenix: Add $35,258.13; Sundance/Meadowbrook: Add $44,859; Fence: Add $5,490
5,641,835 5,961,448 4,533,690 (1,427,758) -25.31% 4,685,996
30,000
91,627
30,000
15,000
174,165
688,330
330,000
109,858
14,917
2,872,082
30,000
91,627
30,000
15,000
174,165
688,330
688,600
109,858
14,917
3,281,182
33,000
67,627
5,000
154,165
596,330
735,822
58,934
9,233
1,500
3,100,296
3,000
(24,000)
(30,000)
(10,000)
(20,000)
(92,000)
47,222
(50,924)
(5,684)
1,500
(180,887)
10.00%
-26.19%
-100.00%
-66.67%
-11.48%
-13.37%
6.86%
-46.35%
-38.11%
33,000
67,627
5,000
154,165
596,330
735,822
58,934
9,233
1,500
-6.30% 2,993,946
Wastewater Employee Filling in for Water, Transferred Overtime from Water
Official Rates Unknown When Budgeted
Not Needed This Fiscal Year
Budgeted Emergency Did Not Use
Actual Energy Use Less than Projected
Budgeted for New Bond Payments, First Payment in FY 2020
In -Plant Water System: Add $47,222
Camera Van Debt Payment Prorated
Camera Van Debt Payment Prorated
Capital Lease Fee
Board of Directors
(Subtotal Board of Directors
13,230
13,230 13,230
0.00%
2,600
Administration
135-50026-030-000
135-60040-030-000
135-60055-030-000
135-60125-030-000
135-69005-030-000
Medical Insurance
Bank Service Charges & Fees
Insurance
Advertising
Capital Outlays
Subtotal Administration
81,895
55,560
65,000
25,000
280,000
1,559,905
81,895
55,560
65,000
25,000
280,000
1,559,905
61,895
67,560
75,633
204,887
1,462,425
(20,000) -24.42%
12,000 21.60%
10,633 16.36%
(25,000) -100.00%
(75,113) -26.83%
(97,480) -6.25%
61,895 Official Rates Unknown When Budgeted
67,560 Higher Credit Card Usage and Fees than Previous Years, Trend Change
75,633 Higher Rates Increase Than Originally Projected
- Rebranding Motion Did Not Pass
204,887 Postponed Boardroom System Upgrades: $85,000; Budget Software: Add $9,887 More Than Budgeted
1,280,356
Non Departmental
!Subtotal Non Departmental
184,314
184,314 184,314 I
- I 0.00%!
176,413 I
Total General Fund Revenues
Total General Fund Expenses
Net Budget Surplus (Deficit)
10,613,203
10,271,366
341,837
11,343,416
11,000,079
343,336
9,690,699
9,293,955
396,745
(1,652,716)
(1,706,124)
53,408
-14.57%I
-15.51%
15.56%I
9,527,038
9,139,311
387,727
Trophy Club Municipal Utility District No. 1 9/16/2019