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HomeMy WebLinkAbout2022-0418 Resolution Amending FY 2022 BudgetRESOLUTION NO. 2022-0418 A RESOLUTION OF TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1 TO AMEND FISCAL YEAR 2021 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 2022 fiscal year budget for the District on September 20, 2021; and WHEREAS, The Board of Directors now desires to amend its 2022 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 2022 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 2022 budget shall be attached to the meeting minutes of April 18, 2022. 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 18th day of April 2022 ATTEST: KrS Kelly Castonguay, Secretary Board of Directors Steve F ynn, President `\\\`To.)B N1 J'///./ // // rs ti \` `����y cps& -Ate/ r�4//01//,.. � moi . ��:� � Go �-� • e:- • (} # ° %. •* •. 7-E.."9 ',� iOiSTi���`\ \\ EXHIBIT "A" (Amended Budget) Fiscal Year 2022 Budget Amendment Account 135-49026-000-000 135-49035-000-000 Description General Fund Revenues Proceeds from Sale of Assets Prior Year Reserves Total FY 2022 Adopted 10,000 10,370,758 YTD Total 3/31/2022 20,115 4,410,259 FY 2022 FY 2022 % of Budget Amended 201.15% 25,000 0.00% 524,000 42.53%I 10,909,758 Amended Change $ 15,000 524,000 539,000 Amended Change % 150.00%I Increased revenue due to auction sale of district surplus and scrap 0.00% Increased revenue due to offset additional water capital project expenses _S.20% Comments Water 135-50005-010-000 135-50010-010-000 135-50026-010-000 135-55080-010-000 135-55090-010-000 135-69005-010-000 General Fund Expenses Salaries & Wages Overtime Medical Insurance Maintenance & Repairs Vehicle Maintenance Capital Outlays Subtotal Water 402,468 159,887 39.73% 372,468 (30,000) -7.45% Decreased expense due to vacant/unfilled budgeted position 17,000 14,255 83.86% 22,000 5,000 29.41% Increased expense due to more OT demand for repairs and vacant position 97,671 31,109 31.85% 67,671 (30,000) -30.72% Decreased expense due to reduced employee benefit rates than budgeted and vacant position 110,000 191,497 174.09% 200,000 90,000 81.82% Increased expense due to emergency repair to well, water plant, and lines hit by contractor 5,000 4,329 86.58% 10,000 5,000 100.00% Increased expense due to vehicle tire replacement and repairs 905,000 98,057 10.84% 1,429,000 524,000 57.90% Increased expense due to WL project cost increase, and addition of EPP and Southlake connection 5,307,626 2,052,009 38.66% 5,871,626 564,000 10.63% Wastewater 135-50005-020-000 135-50026-020-000 135-55080-020-000 135-60135-020-000 135-69005-020-000 Salaries & Wages Medical Insurance Maintenance & Repairs TCEQ Fees & Permits Capital Outlays Subtotal Wastewater 478,934 188,343 39.33% 418,934 (60,000) -12.53% Decreased expense due to staff retirement and unfilled positions for the remainder of FY 112,190 38,932 34.70% 72,190 (40,000) -35.65% Decreased expense due to reduced employee benefit rates than budgeted and vacant positions 125,000 93,227 74.58% 160,000 35,000 28.00% Increased expense due to WWTP crane moved from capital outlay 15k, additional repairs/parts 20k 12,000 16,510 137.59% 22,000 10,000 83.33% Increased expense due to testing requirements performed this FY and was budget/release prior FY 700,000 116,604 16.66% 685,000 (15,000) -2.14% Decreased expense due to WWTP crane expense transferred to M&R account 3,298,159 1,466,748 44.47%.. 3,228,159 (70,000» -2.1295 Board of Directors 'Subtotal Board of Directors 11,780' 1,510' 12.82%' 11,780' - I 0.00%' Administration 135-50026-030-000 135-55070-030-000 135-60070-030-000 135-60079-030-000 135-60115-030-000 Medical Insurance Independent Labor Dues & Memberships Public Education Elections Subtotal Administration 103,384 37,236 36.02% 83,384 (20,000) -19.35% Decreased expense due to reduced employee benefit rates than budgeted and vacant position 15,000 8,595 5730% 25,000 10,000 66.67% Increased expense due to HR outsource and Temp help while vacant/unfilled position 6,000 6,127 102.11% 6,500 500 8.33% Increased expense due to increase membership dues 2,000 3,867 193.33% 4,000 2,000 100.00% Increased expense due to new District signage 5,000 - 0.00% 12,500 7,500 150.00% Increased expense due to increased cost from the County 1,567,488 652,059 41.60% 1,567,488 - 0.00%_ Non Departmental 135-55045-039-000 Legal Subtotal Non Departmental Total General Fund Revenues Total General Fund Expenses Net Budget Surplus (Deficit) 135,000 185,705 10,370,758 10,370,758 15,362 11.38% 54,651 29.43% 4,410,259 4,226,976 183,283 42.53% 40.76% 100,000 150,705 10,909,758 10,829,758 80,000 35,000) -25.93% Decreased expense due to reduced travel cost and legal fees (35,000) -18.85% 539,000 459,000 80,000 5.20%1 4.43%