HomeMy WebLinkAbout2024-0117 January 17 2024 Regular Meeting Agenda Packet.January 17, 2024 Regular Meeting Agenda Packet
TROPHY CLUB
MUNICIPAL
UTILITY
DISTRICT
BOARD OF DIRECTORS
REGULAR MEETING
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
100 MUNICIPAL DRIVE
TROPHY CLUB, TEXAS 76262
Wednesday, January 17, 2024
6:30 P.M. Svore Municipal Boardroom
REGULAR MEETING AGENDA
VIA VIDEOCONFERENCE - THE PRESIDING OFFICER AND A QUORUM OF THE BOARD OF DIRECTORS WILL
BE PHYSICALLY PRESENT AT, AND MEMBERS OF THE PUBLIC MAY ATTEND THE MEETING AT THE LOCATION
SPECIFIED ABOVE. PURSUANT TO TEXAS GOVERNMENT CODE SECTION 551.127, ON A REGULAR, NON-
EMERGENCY BASIS, UP TO TWO DIRECTORS MAY ATTEND AND PARTICIPATE IN THE MEETING REMOTELY
BY VIDEO CONFERENCE. SHOULD THAT OCCUR, A QUORUM OF THE MEMBERS WILL BE PHYSICALLY
PRESENT AT THE LOCATION NOTED ABOVE ON THIS AGENDA.
CALL TO ORDER AND ANNOUNCE A QUORUM
CITIZEN COMMENTS
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 comments made to the Board at this time
concerning an item not listed on the agenda. The Board will hear comments on specific agenda items prior to
the Board addressing those items. You may speak up to four (4) 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. Citizen Comments should be limited to matters over which the Board has
authority.
REPORTS & UPDATES
1. Staff Reports
a. Capital Improvement Projects
b. Operations Reports (Nov/Dec)
c. Finance Reports (Nov/Dec)
• Quarterly Tax Collections 1st Quarter
• Quarterly Investment Report 1" Quarter
Attachment: Staff Reports
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.
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January 17, 2024 Regular Meeting Agenda Packet
2. Consider and act to approve the Consent Agenda.
a. December 13, 2023, Regular Meeting Minutes
Attachment: Meeting Minutes
REGULAR SESSION
3. Consider and take appropriate action to approve the Fiscal Year 2023 Annual Financial Audit Report
prepared by Rod Abbott PLLC.
Attachments: Audit Letter
Audited Financials
4. Consider and act regarding approval of Contract No. 2024011701 with Insituform Technologies, LLC for
wastewater collection system repairs.
Attachment: Staff Report
5. Consider and take appropriate action regarding District bank signatories including:
a. Approve Resolution No. 2024-0117A designating authorized signers on Prosperity Bank accounts.
b. Approve Resolution No. 2024-0117B designating depository institutions, designating authorized
signatories for the disbursement of District funds, providing for electronic transfers of District funds,
and containing other matters relating thereto.
Attachments: Resolution No. 2024-0117A
Resolution No. 2024-0117B
6. Consider and take appropriate action to approve matters related to May 4, 2024, General Election:
a. Adopt Order No. 2024-0117A Calling the May 4, 2024, General Election.
b. Approve Notice of Appointment of Agent.
c. Authorize General Manager to sign and execute all necessary documents relating to the election.
d. Authorize Other necessary actions as may be necessary or convenient for conducting the May 4,
2024, General Election
Attachments: Order No. 2024-0117A
Notice of Appointment of Agent
6. Items for future agendas:
7. Next Regular Meeting date — February 21, 2024
Attachment: Meeting Calendar
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January 17, 2024 Regular Meeting Agenda Packet
THE BOARD OF DIRECTORS RESERVES THE RIGHT TO ADJOURN INTO EXECUTIVE SESSION AT ANY TIME
DURING THE COURSE OF THIS MEETING TO DISCUSS ANY MATTERS LISTED ON THE AGENDA, AS
AUTHORIZED BY TEXAS GOVERNMENT CODE SECTIONS 551.071 (CONSULTATION WITH ATTORNEY),
551.072 (DELIBERATIONS ABOUT REAL PROPERTY), 551.073 (DELIBERATIONS ABOUT GIFTS AND
DONATIONS), 551.074 (PERSONNEL MATTERS), 551.076 (DELIBERATIONS ABOUT SECURITY DEVICES),
AND/OR 418.183 (HOMELAND SECURITY). NO FINAL ACTION, DECISION OR VOTE WILL BE TAKEN ON ANY
SUBJECT OR MATTER IN EXECUTIVE SESSION. THIS NOTICE MODIFIES THE DISTRICT'S PRIOR PRACTICE OF
SPECIFICALLY IDENTIFYING ALL AGENDA ITEMS TO BE DISCUSSED IN EXECUTIVE SESSION.
ADJOURN
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4
TROPHY CLUB
l
MUNICIPAL
UTILITY
DISTRICT
January 17, 2024 Regular Meeting Agenda Packet
Capital Improvement Projects
• Pump Station Improvement Project — Remaining submittals have been finalized, and the
header piping and valves have been delivered to the site along with some of the electrical
control panels. Preassembly of piping will begin in late January and go into early February in
preparation for the major system shutdown to install the new cross, valves, and discharge
piping. This project is tentatively scheduled to be completed in May 2024 but will likely be
delayed further due to the long lead time for VFDs.
• Lift Station Generators — Installation of all generators is complete, and they are operable.
The contractor will be working to complete punch list items, finalize start-up protocols, and
work towards finalizing documentation and as -built drawings. The anticipated final
completion date is April 2024.
• FY 2024 Water Line Project — Preliminary 90% design plans have been received and under
review for the replacement of approximately 7,150 linear feet of water lines along and
adjacent to Inverness Drive, Forest Hill Drive, Sonora Drive, Pagosa Court, Palo Duro Court,
and Mesa Verde Court.
• WWTP CIP Improvements — Preliminary 50% design plans have been received and under
review for the installation of permanent Clean in Place (CIP) Systems to perform cleaning of
the Membrane Bioreactor (MBR) permeate membranes at the Wastewater Treatment Plant
(WWTP) including associated tanks, pumps, electrical, and piping; installation of an exhaust
fan on the south side of MBRs 1 and 2; and replacement of the backflow preventer vault.
• FY 2024 Wastewater Improvements — Proposed repairs are submitted for approval to
complete recommended rehabilitation and repairs resulting from the annual wastewater
system analysis performed in FY 2023.
• FY 2024 Lift Station Improvements — Design is under way of standard details, specifications,
and updating of plan sheets for the removal and installation of chain link fence and
driveway improvements at Lift Station No. 2; removal and installation of aluminum hatches
on check valve vaults at Lift Stations No. 2, 3, and 6; removal and installation of new
aluminum hatch on the wet well at Lift Station No. 4; installation of manual valve vault
bypass line with quick connect at Lift Stations No. 2, 5, and 6; and installation of davit cranes
at Lift Stations No. 2, 3, 4, 5, 6, 7, 8, 9.
• Southlake emergency connection — We are awaiting Southlake to complete a Water Master
Plan Update, which is expected to be completed in May 2024.
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January 17, 2024 Regular Meeting Agenda Packet
Water Billed
- -2024
180,000
160,000
140,000
120,000
100,000
80,000
60,000
--- _
40,000
i-�
20,000 -
0
FY
October
November
December
January
February
March
April
May
June
July
August
September
Total Year
2015
90,994
58,986
49,607
36,162
38,776
30,566
46,543
39,576
60,731
100,622
139,441
123,886
815,890
2016
108,951
41,936
39,028
39,622
44,551
49,498
55,181
50,827
65,390
115,687
119,611
98,945
829,227
2017
74,785
68,638
38,580
33,028
38,380
60,841
56,683
86,794
98,864
95,355
104,303
99,541
855,792
2018
83,228
69,099
48,144
34,592
40,658
43,411
60,079
89,802
118,899
126,588
125,531
73,735
913,766
2019
47,193
41,933
36,244
34,604
33,740
40,421
55,970
42,773
70,747
96,174
131,472
114,784
746,055
2020
102,150
40,988
43,946
36,418
31,000
34,047
53,755
67,030
96,195
123,309
118,522
83,570
830,930
2021
98,232
57,380
40,841
42,725
40,786
41,078
67,776
50,736
64,195
100,853
97,864
112,674
815,140
2022
78,390
54,635
48,488
49,322
40,021
44,588
72,448
85,474
119,711
141,177
143,845
108,377
986,476
2023
101,683
49,007
52,466
49,082
34,501
46,119
70,083
79,654
108,707
134,083
169,549
154,971
1,049,905
2024
112,006
61,555
173,561
Water Pumped
180,000
-2020 -2021 -2022 -2023 -2024
160,000
140,000
120,000
100,000
80,000
60,000
40,000
20,000
0 -
FY
October
November
December
January
February
March
April
May
June
July
August
September
Total Year
2015
106,251
67,825
58,659
45,691
39,675
35,752
56,704
48,637
72,934
117,302
143,413
142,394
935,237
2016
106,731
52,616
43,708
46,945
50,721
55,178
60,434
55,562
68,138
112,533
128,963
104,664
886,193
2017
82,677
77,937
43,792
43,207
43,024
69,549
65,723
94,452
103,867
101,184
114,872
109,769
950,053
2018
91,439
78,282
55,745
40,796
40,750
51,711
67,217
97,980
124,109
155,354
144,015
85,946
1,033,344
2019
60,576
53,119
45,651
45,552
39,014
43,048
61,238
48,787
79,167
102,887
144,299
130,752
854,090
2020
112,971
48,627
49,384
40,726
35,749
38,576
57,714
74,153
106,219
136,306
130,721
89,514
920,660
2021
106,660
66,304
46,962
50,538
47,733
44,191
75,866
56,985
73,907
113,015
109,492
123,206
914,859
2022
91,078
61,928
54,930
52,679
49,094
51,606
81,977
92,915
133,828
152,199
161,534
117,252
1,101,020
2023
114,089
54,777
57,827
57,758
39,309
50,124
77,261
84,019
120,932
145,657
184,972
169,227
1,155,952
2024
122,699
69,114
191,813
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7
6
C' 5
0
7 4
0 3
3 2
1
0
• Min
• Max
Avg
mil .11 .h
Nov -22 Dec -22
Jan -23 Feb -23
Water Production
■
Mar -23 Apr -23
May -23
Jun -23
Jul -23
Nov -22 Dec -22 Jan -23 Feb -23 Mar -23 Apr -23 f May -23 Jun -23
1.401 1.115 1.225 0.878 0.999 0.920 1.730 2.628
2.572 2.716 2.508 2.354 2.516 4.597 5.729 5.950
1.834 1.657 1.759 1.479 1.731 2.780 3.125 4.079
Jul -23
3.277
7.079
5.266
Aug -23
Aug -23
4.622
7.305
6.291
Sep -23
Sep -23
3.391
Oct -23
Oct -23
1.119
7.430
5.458
5.234
3.566
Nov -23
Nov -23
1.026
2.803
2.145
2.150
1.950
1.750
1.550
1.350
3
1.150
0.950
0.750
Wastewater Treated
■III ■1 ■1 ■1 ■t ■I ■t •II
Nov -22 Dec -22 Jan -23 Feb -23 Mar -23 Apr -23 May -23 Jun -23
Daily Avg Flow Daily Max Flow -Daily Avg Max
Jul -23 Aug -23 Sep -23 Oct -23 Nov -23
20.0
18.0
16.0
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0
Carbonaceous Biochemical Oxygen Demand (CBOD)
J
Nov -22 Dec -22
Jan -23 Feb -23 Mar -23 Apr -23 May -23 Jun -23
CBOD Avg CBOD Max -Daily Avg Max -Daily Max
Jul -23 Aug -23 Sep -23 Oct -23 Nov -23
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January 17, 2024 Regular Meeting Agenda Packet
40.0
35.0
30.0
25.0
20.0
15.0
10.0
5.0
0.0
Total Suspended Solids (TSS)
Nov -22 Dec -22
Jan -23 Feb -23
Mar -23 Apr -23 May -23 Jun -23
TSS Avg i TSS Max Daily Avg Max -Daily Max
Jul -23 Aug -23 Sep -23 Oct -23 Nov -23
10.00
9.00
8.00
7.00
6.00
5.00
4.00
3.00
2.00
1.00
0.00
Ammonia Nitrogen (NH3)
Nov -22 Dec -22
Jan -23 Feb -23
Mar -23 Apr -23 May -23 Jun -23 Jul -23 Aug -23 Sep -23 Oct -23 Nov -23
NH3 Avg NH3 Max -Daily Avg Max -Daily Max
50.0
40.0
30.0
20.0
10.0
0.0
Nitrate -Nitrogen (NO3)
rr r r r rrNI
Nov -22 Dec -22 Jan -23 Feb -23 Mar -23 Apr -23 May -23 Jun -23 Jul -23 Aug -23 Sep -23 Oct -23 Nov -23
NO3 Avg NO3 Max -Daily Avg Max -Daily Max
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Potential of Hydrogen (pH)
9
8.5
8
7.5
7
6.5
6
Nov -22
Dec -22
Jan -23
Feb -23
Mar -23
pH Min
Apr -23 May -23 Jun -23 Jul -23
pH Max , pH Avg -Daily Avg Min -Daily Avg Max
Aug -23
Sep -23
Oct -23
Nov -23
Dissolved Oxygen (DO)
9.0
8.5
.
■
8.0
1
7.5
7.0
6.5
6.0
ill J J
Nov -22 Dec -22 Jan -23
Feb -23
Mar -23
Apr -23 May -23 Jun -23 Jul -23
Aug -23
Sep -23
Oct -23
Nov -23
DO Min
DO Max DO Avg Min
-Daily Avg -Daily Avg Max
Escherichia coli (E. coli)
400
350
300
250
200
150
100
50
1.0
2.0 1.0 1.0 1.0
1.0
1.0
1.0
1.0
6.3
2.0
1.0
1.0
0
Nov -22
Dec -22
Jan -23
Feb -23
Mar -23
Apr -23 May -23 Jun -23 Jul -23
Aug -23
Sep -23
Oct -23
Nov -23
E. Avg E. Max Avg Max Max
coli coli -Daily -Daily
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January 17, 2024 Regular Meeting Agenda Packet
Water Billed
- -2024
180,000
160,000
140,000
120,000
100,000
80,000
60,000
--- _
40,000
-.
20,000 -
0
FY
October
November
December
January
February
March
April
May
June
July
August
September
Total Year
2015
90,994
58,986
49,607
36,162
38,776
30,566
46,543
39,576
60,731
100,622
139,441
123,886
815,890
2016
108,951
41,936
39,028
39,622
44,551
49,498
55,181
50,827
65,390
115,687
119,611
98,945
829,227
2017
74,785
68,638
38,580
33,028
38,380
60,841
56,683
86,794
98,864
95,355
104,303
99,541
855,792
2018
83,228
69,099
48,144
34,592
40,658
43,411
60,079
89,802
118,899
126,588
125,531
73,735
913,766
2019
47,193
41,933
36,244
34,604
33,740
40,421
55,970
42,773
70,747
96,174
131,472
114,784
746,055
2020
102,150
40,988
43,946
36,418
31,000
34,047
53,755
67,030
96,195
123,309
118,522
83,570
830,930
2021
98,232
57,380
40,841
42,725
40,786
41,078
67,776
50,736
64,195
100,853
97,864
112,674
815,140
2022
78,390
54,635
48,488
49,322
40,021
44,588
72,448
85,474
119,711
141,177
143,845
108,377
986,476
2023
101,683
49,007
52,466
49,082
34,501
46,119
70,083
79,654
108,707
134,083
169,549
154,971
1,049,905
2024
112,006
61,555
48,355
221,916
Water Pumped
180,000
-2020 -2021 -2022 -2023 -2024
160,000
140,000
120,000
100,000
80,000
60,000
��
_
40,000
20,000
0 -
FY
October
November
December
January
February
March
April
May
June
July
August
September
Total Year
2015
106,251
67,825
58,659
45,691
39,675
35,752
56,704
48,637
72,934
117,302
143,413
142,394
935,237
2016
106,731
52,616
43,708
46,945
50,721
55,178
60,434
55,562
68,138
112,533
128,963
104,664
886,193
2017
82,677
77,937
43,792
43,207
43,024
69,549
65,723
94,452
103,867
101,184
114,872
109,769
950,053
2018
91,439
78,282
55,745
40,796
40,750
51,711
67,217
97,980
124,109
155,354
144,015
85,946
1,033,344
2019
60,576
53,119
45,651
45,552
39,014
43,048
61,238
48,787
79,167
102,887
144,299
130,752
854,090
2020
112,971
48,627
49,384
40,726
35,749
38,576
57,714
74,153
106,219
136,306
130,721
89,514
920,660
2021
106,660
66,304
46,962
50,538
47,733
44,191
75,866
56,985
73,907
113,015
109,492
123,206
914,859
2022
91,078
61,928
54,930
52,679
49,094
51,606
81,977
92,915
133,828
152,199
161,534
117,252
1,101,020
2023
114,089
54,777
57,827
57,758
39,309
50,124
77,261
84,019
120,932
145,657
184,972
169,227
1,155,952
2024
122,699
69,114
53,685
245,498
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7
6
0 5
4
0 3
g 2 A1
■11 ■
rib° 1 1
Water Production
1
Dec -22
Jan -23 Feb -23
Mar -23 Apr -23
Dec -22 - Jan -23 Feb -23 Mar -23
• Min 1.115 1.225 0.878 0.999
• Max 2.716 2.508 2.354 2.516
Avg 1.657 1.759 1.479 1.731
May -23
Jun -23
Jul -23
Apr -23
May -23
Jun -23
Jul -23
0.920
1.730
2.628
3.277
4.597
5.729
5.950
7.079
2.780
3.125
4.079
5.266
Aug -23
Aug -23
4.622
7.305
6.291
Sep -23 Oct -23
Nov -23 Dec -23
Sep -23 Oct -23 Nov -23 Dec -23
3.391 1.119 1.026 1.044
7.430 5.458 2.803 2.476
5.234 3.566 2.145 1.772
2.150
1.950
1.750
1.550
0 • 1.350
3
1.150
0.950
0.750
Wastewater Treated
IIuIIIuI.I.I.I.I.I.III.III
Dec -22
Jan -23
Feb -23
Mar -23
Apr -23 May -23 Jun -23 Jul -23
Daily Avg Flow Daily Max Flow -Daily Avg Max
Aug -23 Sep -23 Oct -23 Nov -23 Dec -23
20.0
18.0
16.0
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0
Carbonaceous Biochemical Oxygen Demand (CBOD)
.1
Dec -22 Jan -23 Feb -23 Mar -23 Apr -23 May -23 Jun -23 Jul -23 Aug -23 Sep -23 Oct -23 Nov -23 Dec -23
CBOD Avg CBOD Max -Daily Avg Max -Daily Max
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January 17, 2024 Regular Meeting Agenda Packet
40.0
35.0
30.0
25.0
20.0
15.0
10.0
5.0
0.0
Total Suspended Solids (TSS)
Dec -22 Jan -23 Feb -23 Mar -23 Apr -23 May -23 Jun -23 Jul -23
TSS Avg TSS Max Daily Avg Max Daily Max
Aug -23
Sep -23 Oct -23
Nov -23 Dec -23
10.00
9.00
8.00
7.00
6.00
5.00
4.00
3.00
2.00
1.00
0.00
Ammonia Nitrogen (NH3)
Dec -22 Jan -23 Feb -23 Mar -23 Apr -23 May -23 Jun -23 Jul -23 Aug -23 Sep -23 Oct -23 Nov -23 Dec -23
NH3 Avg NH3 Max -Daily Avg Max -Daily Max
50.0
40.0
30.0
20.0
10.0
0.0
Nitrate -Nitrogen (NO3)
Dec -22 Jan -23 Feb -23 Mar -23 Apr -23 May -23 Jun -23 Jul -23 Aug -23 Sep -23 Oct -23 Nov -23 Dec -23
NO3 Avg NO3 Max -Daily Avg Max -Daily Max
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Potential of Hydrogen (pH)
9
8.5
8
7.5
7
6.5
6
Dec -22
Jan -23
Feb -23
Mar -23
Apr -23
pH Min
May -23 Jun -23 Jul -23 Aug -23
pH Max a pH Avg —Daily Avg Min —Daily Avg Max
Sep -23
Oct -23
Nov -23
Dec -23
Dissolved Oxygen (DO)
9.0
8.5
8.0
II
7.5
7.0
6.5
II
6.0
Dec -22
Jan -23
Feb -23
Mar -23
Apr -23
May -23 Jun -23 Jul -23 Aug -23
Sep -23
Oct -23
Nov -23
Dec -23
DO Min
DO Max DO Avg Min
—Daily Avg —Daily Avg Max
Escherichia coli (E. coli)
400
350
—
300
250
200
150
100
50
1.0 1.0 1.0 1.0
1.0
1.0
1.0
1.0
6.3
2.0
1.0
1.0
2.0
0
Dec -22
Jan -23
Feb -23
Mar -23
Apr -23
May -23 Jun -23 Jul -23 Aug -23
Sep -23
Oct -23
Nov -23
Dec -23
E. Avg E. Max Avg Max Max
coli coli —Daily —Daily
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January 17, 2024 Regular Meeting Agenda Packet
Check Report
Trophy Club Municipal Utility District No. 1 By Check Number
Date Range: 11/01/2023 - 11/30/2023
Vendor Number Vendor Name
Bank Code: Prosperity Bank -Prosperity Bank
Payment Type: Regular
Payment Date Payment Type Discount Amount Payment Amount Number
3197 BenefitMall 11/01/2023 Regular 0.00 52.00 9982
4033 Health Care Service Corporation 11/01/2023 Regular 0.00 22,147.36 9983
3216 M3 Networks 11/01/2023 Regular 0.00 2,875.94 9984
3115 Metlife Group Benefits 11/01/2023 Regular 0.00 2,301.06 9985
3176 Rey -Mar Construction 11/01/2023 Regular 0.00 116,375.00 9986
4019 Peterson Pump & Motor Service LLC 11/01/2023 Regular 0.00 7,950.00 9987
3134 Prime Controls LP 11/01/2023 Regular 0.00 11,418.20 9988
3187 CLS Sewer Equipment Co.Inc 11/15/2023 Regular 0.00 4,321.05 9989
2785 Kleen Pipe, Inc 11/15/2023 Regular 0.00 19,866.00 9990
3111 North Texas Groundwater 11/15/2023 Regular 0.00 6,168.30 9991
3156 Southern Petroleum Lab Inc 11/15/2023 Regular 0.00 706.80 9992
2440 Tarrant County Public Health Laboratory 11/15/2023 Regular 0.00 380.00 9993
2970 Air Mac 11/15/2023 Regular 0.00 12,034.09 9994
3127 Allied Welding Supply Inc. 11/15/2023 Regular 0.00 20.76 9995
2683 Charter Communications 11/15/2023 Regular 0.00 903.72 9996
3184 Dataprose LLC 11/15/2023 Regular 0.00 2,604.89 9997
2711 Endress+Hauser Inc. 11/15/2023 Regular 0.00 1,006.46 9998
2606 Fisery Solutions LLC 11/15/2023 Regular 0.00 50.00 9999
3093 Four Man Furnace Inc. 11/15/2023 Regular 0.00 2,238.75 10000
3258 Francotyp-Postalia, Inc. 11/15/2023 Regular 0.00 142.41 10001
3216 M3 Networks 11/15/2023 Regular 0.00 1,047.00 10002
2628 MCCI 11/15/2023 Regular 0.00 6,234.00 10003
3186 Member's Building Maintenance 11/15/2023 Regular 0.00 1,047.97 10004
1056 Office Depot Inc 11/15/2023 Regular 0.00 87.96 10005
2801 Pipeline Analysis LLC 11/15/2023 Regular 0.00 17,998.00 10006
3134 Prime Controls LP 11/15/2023 Regular 0.00 2,099.75 10007
3231 SC Tracking Solutions LLC 11/15/2023 Regular 0.00 595.00 10008
3156 Southern Petroleum Lab Inc 11/15/2023 Regular 0.00 6,147.60 10009
2440 Tarrant County Public Health Laboratory 11/15/2023 Regular 0.00 460.00 10010
1973 Texas Commission on Environmental Quality 11/15/2023 Regular 0.00 8,964.55 10011
2696 Texas Excavation Safety System 11/15/2023 Regular 0.00 240.35 10012
1001 Town of Trophy Club 11/15/2023 Regular 0.00 232,358.92 10013
1081 Tri County Electric 11/15/2023 Regular 0.00 518.52 10014
2634 Valley Solvents & Chemicals 11/15/2023 Regular 0.00 862.91 10015
1058 Verizon Wireless 11/15/2023 Regular 0.00 583.83 10016
3280 Watts Ellison LLC 11/15/2023 Regular 0.00 2,969.67 10017
Total Regular: 0.00 495,778.82
1/10/2024 11:31:35 AM Page 1 of 3
13 of 131
Check Report
Vendor Number
Payment Type:
3197
3113
3124
3113
3124
3197
3113
3124
Vendor Name
Bank Draft
BenefitMall
TCDRS
IRS Tax Payment
TCDRS
IRS Tax Payment
BenefitMall
TCDRS
IRS Tax Payment
Payment Type
Regular Checks
Manual Checks
Voided Checks
Bank Drafts
E FT's
January 17, 2024 Regular Meeting Agenda Packet
Date Range: 11/01/2023 - 11/30/2023
Discount Amount Payment Amount Number
Payment Date Payment Type
11/10/2023
11/30/2023
11/10/2023
11/30/2023
11/17/2023
11/22/2023
11/30/2023
11/22/2023
Bank Draft
Bank Draft
Bank Draft
Bank Draft
Bank Draft
Bank Draft
Bank Draft
Bank Draft
Total Bank Draft:
Bank Code Prosperity Bank Summary
Payable
Count
54
0
0
8
0
Payment
Count
36
0
0
8
0
Discount Payment
0.00 495,778.82
0.00 0.00
0.00 0.00
0.00 52,741.29
0.00 0.00
62 44 0.00 548,520.11
0.00 266.67 DFT0000115
0.00 10,090.25 DFT0000116
0.00 13,911.35 DFT0000117
0.00 2,164.13 DFT0000118
0.00 2,400.75 DFT0000119
0.00 266.67 DFT0000120
0.00 10,015.35 DFT0000121
0.00 13,626.12 DFT0000122
0.00 52,741.29
1/10/2024 11:31:35 AM Page 2 of 3
14 of 131
Check Report
Fund
996
January 17, 2024 Regular Meeting Agenda Packet
Date Range: 11/01/2023 - 11/30/2023
All Bank Codes Check Summary
Payable Payment
Payment Type Count Count Discount Payment
Regular Checks 54 36 0.00 495,778.82
Manual Checks 0 0 0.00 0.00
Voided Checks 0 0 0.00 0.00
Bank Drafts 8 8 0.00 52,741.29
EFT's 0 0 0.00 0.00
62 44 0.00 548,520.11
Fund Summary
Name
MUD Consolidated Cash
Period Amount
11/2023 548,520.11
548,520.11
1/10/2024 11:31:35 AM Page 3 of 3
15 of 131
$14,423,933
Adopted Budget vs YTD Actuals Revenues & Expenses
$1,857,090
52,506,346
$14,423,933
January 17, 2024 Regular Meeting Agenda Packet
FY 2024 Combined Financials
YTD as of 11/30/2023
YTD
Revenues
• YTD
Expenses
$983 $12,218
0%
YTD Expenses By
Departments
YTD Expense- Water
$1,396,402
56% YTD Expense- WW
YTD Expense- Admin
YTD Expense- BOD
• YTD Expense- Non Dept
Water Budget vs Actual
140,000,000
120,000,000
100,000,000
80,000,000
60,000,000
40,000,000
20,000,000
0
Water Consumption Budget vs Actual
112,006,200
-- 92,198,177
51,503,997
61,555,000
Budget Consumption --Actual Consumption
Oct Nov
1,000,000,000
900,000,000
800,000,000
700,000,000
600,000,000
500,000,000
400,000,000
300,000,000
200,000,000
100,000,000
0
Adopted Budget Water Consumption Vs Actual Water Consumption
868,678,857
898,537,882
Total Water Consumption
• Budgeted Water Consumption
• Projected Water Consumption
Presented by:
Finance Department
$1,000,000
5900,000
5800,000
5700,000
$600,000
5500,000
5400,000
5300,000
5200,000
$100,000
$0
Water Revenue Budget vs Actual
8676,430
$554,257
$493,961
0297,607
Budget Revenue --Actual Revenue
Oct Nov
$6,000,000
$5,000,000
$4,000,000
$3,000,000
$2,000,000
$1,000,000
50
Adopted Budget Water Revenue Vs Projected Water Revenue
$5,166,291
$5,484,817
$2,510,794
Total Water Revenue
$2,842,663
• Budgeted Water Revenue
• Projected Water Revenue
Net Budgeted Water Revenue
Minus Budgeted Expenses
• Net Projected Water Revenue
Minus Projected Expenses
16 of 131
Fund: 135 - MUD 1 Ge
Revenue
Department: 000 -
135-000-40000-000
135-000-40002-000
135-000-40015-000
135-000-40025-000
135-000-47000-000
135-000-47005-000
135-000-47025-000
135-000-47030-000
135-000-47035-000
135-000-47045-000
135-000-47070-000
135-000-49011-000
135-000-49016-000
135-000-49026-000
135-000-49035-000
135-000-49036-000
135-000-49075-000
135-000-49141-000
135-000-49900-000
Trophy Club Municipal Utility District No. 1
neral Fund
Revenue, Asset, Liability, & Equity
Property Taxes
Property Taxes/Delinquent
Property Taxes/P & I
PID Surcharges
Water
Sewer
Penalties
Service Charges
Plumbing Inspections
Sewer Inspections
TCCC Effluent Charges
Interest Income
Cell Tower Revenue
Proceeds from Sale of Assets
Prior Year Reserves
GASB Reserves
Oversize Meter Reimbursement
Interfund Transfer In
Miscellaneous Income
Department: 000 - Revenue, Asset, Liability, & Equity Total:
Expense
Department: 010 - Water
135-010-50005-000
135-010-50010-000
135-010-50016-000
135-010-50017-000
135-010-50020-000
135-010-50026-000
135-010-50027-000
135-010-50028-000
135-010-50029-000
135-010-50030-000
135-010-50035-000
135-010-50040-000
135-010-50045-000
135-010-50060-000
135-010-50070-000
135-010-55080-000
135-010-55085-000
135-010-55090-000
135-010-55105-000
135-010-55120-000
135-010-55135-000
135-010-55135-001
135-010-60010-000
135-010-60020-000
135-010-60066-000
135-010-60080-000
January 17, 2024 Regular Meeting Agenda Packet
Original Current
Total Budget Total Budget
85,733.51
300.00
300.00
143,223.25
6,939,998.00
3,679,786.00
105,800.00
3,350.00
300.00
100.00
70,000.00
150,000.00
49,320.00
25,000.00
1,933,264.00
50,000.00
2,058.00
1,178,400.00
7,000.00
14,423,932.76
85,733.51
300.00
300.00
143,223.25
6,939,998.00
3,679,786.00
105,800.00
3,350.00
300.00
100.00
70,000.00
150,000.00
49,320.00
25,000.00
1,933,264.00
50,000.00
2,058.00
1,178,400.00
7,000.00
14,423,932.76
Budget Report
Account Summary
For Fiscal: 2023-2024 Period Ending: 11/30/2023
Period
Activity
3,517.72
-22.36
8.59
0.00
493,960.82
302,703.73
8,875.88
375.00
0.00
0.00
0.80
39,408.35
8,120.00
0.00
0.00
0.00
0.00
0.00
0.00
856,948.53
Variance
Fiscal Favorable Percent
Activity (Unfavorable) Remaining
3,517.72
104.73
34.77
0.00
1,170,391.17
560,884.35
17,051.84
1,250.00
150.00
0.00
14,311.20
80,845.79
8,120.00
0.00
0.00
0.00
428.00
0.00
0.00
1,857,089.57
-82,215.79
-195.27
-265.23
-143,223.25
-5,769,606.83
-3,118,901.65
-88,748.16
-2,100.00
-150.00
-100.00
-55,688.80
-69,154.21
-41,200.00
-25,000.00
-1,933,264.00
-50,000.00
-1,630.00
-1,178,400.00
-7,000.00
-12,566,843.19
95.90 %
65.09 %
88.41 %
100.00 %
83.14 %
84.76 %
83.88 %
62.69 %
50.00 %
100.00 %
79.56 %
46.10 %
83.54 %
100.00 %
100.00 %
100.00 %
79.20 %
100.00 %
100.00 %
87.12%
Revenue Total: 14,423,932.76 14,423,932.76 856,948.53 1,857,089.57 -12,566,843.19 87.12%
Salaries & Wages
Overtime
Longevity
Certification
Retirement
Medical Insurance
Dental lnsurance
Vision Insurance
Life Insurance & Other
Social Security Taxes
Medicare Taxes
Unemployment Taxes
Workman's Compensation
Pre-emp Physicals/Testing
Employee Relations
Maintenance & Repairs
Generator Maint. and Repair
Vehicle Maintenance
Maintenance-Backhoe/SkidLoader
Cleaning Services
Lab Analysis
Lab Analysis for PID
Communications/Mobiles
Electricity
Publications/Books/Subscripts
Schools & Training
431,575.02 431,575.02
17,000.00 17,000.00
6,252.50 6,252.50
3,600.00 3,600.00
56,730.41 56,730.41
116,527.50 116,527.50
4,834.55 4,834.55
1,051.01 1,051.01
4,000.00 4,000.00
28,422.51 28,422.51
6,647.20 6,647.20
1,260.00 1,260.00
11,898.56 11,898.56
400.00 400.00
300.00 300.00
201,500.00 201,500.00
2,000.00 2,000.00
5,000.00 5,000.00
1,000.00 1,000.00
2,500.00 2,500.00
7,500.00 7,500.00
2,000.00 2,000.00
7,500.00 7,500.00
183,143.49 183,143.49
1,000.00 1,000.00
2,630.00 2,630.00
33,473.26
954.05
6,252.50
225.00
4,908.58
8,444.02
350.33
71.31
286.69
2,470.91
577.86
0.00
1,060.94
0.00
0.00
411.04
951.60
0.00
0.00
40.31
1,214.00
574.00
669.64
19,214.23
0.00
113.75
58,622.17
2,417.53
6,252.50
450.00
9,106.17
16,888.04
700.66
142.60
577.38
4,094.82
957.65
0.00
2,121.88
0.00
0.00
7,677.98
951.60
953.90
1,911.94
40.31
1,214.00
574.00
669.64
19,214.23
0.00
113.75
372,952.85
14,582.47
0.00
3,150.00
47,624.24
99,639.46
4,133.89
908.41
3,422.62
24,327.69
5,689.55
1,260.00
9,776.68
400.00
300.00
193,822.02
1,048.40
4,046.10
-911.94
2,459.69
6,286.00
1,426.00
6,830.36
163,929.26
1,000.00
2,516.25
86.42 %
85.78 %
0.00 %
87.50 %
83.95 %
85.51 %
85.51 %
86.43 %
85.57 %
85.59 %
85.59 %
100.00 %
82.17 %
100.00 %
100.00 %
96.19 %
52.42 %
80.92 %
-91.19 %
98.39 %
83.81 %
71.30 %
91.07 %
89.51 %
100.00 %
95.67 %
1/10/2024 11:27:52 AM
17 of 131
Budget Report
135-010-60100-000
135-010-60135-000
135-010-60135-001
135-010-60150-000
135-010-60285-000
135-010-60332-000
135-010-65005-000
135-010-65010-000
135-010-65030-000
135-010-65050-000
135-010-65053-000
135-010-69005-000
135-010-69195-000
January 17, 2024 Regular Meeting Agenda Packet
For Fiscal: 2023-2024 Period Ending: 11/30/2023
Variance
Original Current Period Fiscal Favorable Percent
Total Budget Total Budget Activity Activity (Unfavorable) Remaining
Travel & per diem 577.50 577.50 0.00 0.00 577.50 100.00 %
TCEQ Fees & Permits 29,500.00 29,500.00 8,964.55 8,964.55 20,535.45 69.61 %
TCEQ Fees & Permits for PID 500.00 500.00 0.00 0.00 500.00 100.00 %
Wholesale Water 2,655,497.13 2,655,497.13 253,960.96 253,960.96 2,401,536.17 90.44 %
Lawn Equipment & Maintenance 12,500.00 12,500.00 1,200.00 1,200.00 11,300.00 90.40 %
Interfund Transfer Out -Rev I&S 565,796.88 565,796.88 51,500.52 103,001.04 462,795.84 81.80
Fuel & Lube 23,575.00 23,575.00 2,077.18 3,280.36 20,294.64 86.09 %
Uniforms 4,355.00 4,355.00 309.90 309.90 4,045.10 92.88
Chemicals 58,200.00 58,200.00 2,419.99 8,119.29 50,080.71 86.05 %
Meter Expense 20,000.00 20,000.00 0.00 0.00 20,000.00 100.00 %
Meter Change Out Program 124,500.00 124,500.00 0.00 0.00 124,500.00 100.00 %
Capital Outlays 4,200,000.00 4,200,000.00 303,255.16 503,254.57 3,696,745.43 88.02 %
GASB Reserve for Replacement 378,659.00 378,659.00 0.00 378,659.00 0.00 0.00 %
Department: 010 - Water Total: 9,179,933.26 9,179,933.26 705,952.28 1,396,402.42 7,783,530.84 84.79%
Department: 020 - Wastewater
135-020-50005-000 Salaries & Wages 290,304.62 290,304.62 18,536.17 32,482.71 257,821.91 88.81 %
135-020-50010-000 Overtime 20,000.00 20,000.00 1,391.02 2,191.01 17,808.99 89.04 %
135-020-50016-000 Longevity 2,367.50 2,367.50 2,540.00 2,540.00 -172.50 -7.29 %
135-020-50017-000 Certification 5,100.00 5,100.00 225.00 450.00 4,650.00 91.18 %
135-020-50020-000 Retirement 40,934.05 40,934.05 2,723.06 5,040.68 35,893.37 87.69 %
135-020-50026-000 Medical Insurance 93,222.04 93,222.04 4,503.48 9,006.96 84,215.08 90.34 %
135-020-50027-000 Dental Insurance 3,385.28 3,385.28 166.51 333.02 3,052.26 90.16 %
135-020-50028-000 Vision Insurance 818.82 818.82 42.52 85.04 733.78 89.61 %
135-020-50029-000 Life Insurance & Other 3,000.00 3,000.00 192.36 358.62 2,641.38 88.05 %
135-020-50030-000 Social Security Taxes 20,507.87 20,507.87 1,359.07 2,255.67 18,252.20 89.00 %
135-020-50035-000 Medicare Taxes 4,796.20 4,796.20 317.83 527.51 4,268.69 89.00 %
135-020-50040-000 Unemployment Taxes 1,008.00 1,008.00 0.00 0.00 1,008.00 100.00 %
135-020-50045-000 Workman's Compensation 8,403.61 8,403.61 748.93 1,497.86 6,905.75 82.18 %
135-020-50060-000 Pre-emp Physicals/Testing 400.00 400.00 0.00 0.00 400.00 100.00 %
135-020-50070-000 Employee Relations 300.00 300.00 0.00 0.00 300.00 100.00 %
135-020-55080-000 Maintenance & Repairs 137,000.00 137,000.00 18,250.58 22,602.75 114,397.25 83.50 %
135-020-55081-000 Mainten & Repairs Collections 270,000.00 270,000.00 37,272.44 37,523.99 232,476.01 86.10 %
135-020-55085-000 Generator Maint. and Repair 11,000.00 11,000.00 1,800.00 1,800.00 9,200.00 83.64 %
135-020-55090-000 Vehicle Maintenance 4,600.00 4,600.00 142.94 142.94 4,457.06 96.89 %
135-020-55091-000 Veh Maintenance Collections 13,000.00 13,000.00 3,276.26 3,307.01 9,692.99 74.56 %
135-020-55105-000 Maintenance-Backhoe/SkidLoader 3,000.00 3,000.00 1,374.77 1,374.77 1,625.23 54.17 %
135-020-55120-000 Cleaning Services 2,000.00 2,000.00 40.31 40.31 1,959.69 97.98 %
135-020-55125-000 Dumpster Services 100,000.00 100,000.00 8,401.08 13,238.50 86,761.50 86.76 %
135-020-55135-000 Lab Analysis 55,000.00 55,000.00 13,476.82 13,476.82 41,523.18 75.50 %
135-020-60010-000 Communications/Mobiles 7,500.00 7,500.00 401.78 401.78 7,098.22 94.64 %
135-020-60020-000 Electricity 242,978.33 242,978.33 22,240.83 22,240.83 220,737.50 90.85 %
135-020-60080-000 Schools & Training 2,119.00 2,119.00 0.00 0.00 2,119.00 100.00 %
135-020-60100-000 Travel & per diem 527.50 527.50 0.00 0.00 527.50 100.00 %
135-020-60135-000 TCEQ Fees & Permits 12,000.00 12,000.00 0.00 9,888.02 2,111.98 17.60 %
135-020-60285-000 Lawn Equipment & Maintenance 16,000.00 16,000.00 1,300.00 1,300.00 14,700.00 91.88 %
135-020-60331-000 Interfund Transfer Out -Tax I&S 115,885.76 115,885.76 10,535.09 21,070.18 94,815.58 81.82 %
135-020-60332-000 Interfund Transfer Out -Rev I&S 698,542.63 698,542.63 63,548.65 127,097.30 571,445.33 81.81 %
135-020-65005-000 Fuel & Lube 13,000.00 13,000.00 4,383.48 5,254.48 7,745.52 59.58 %
135-020-65010-000 Uniforms 3,520.00 3,520.00 140.88 140.88 3,379.12 96.00 %
135-020-65030-000 Chemicals 32,500.00 32,500.00 0.00 2,664.09 29,835.91 91.80 %
135-020-65031-000 Chemicals Collections 10,000.00 10,000.00 0.00 0.00 10,000.00 100.00 %
135-020-65045-000 Lab Supplies 33,000.00 33,000.00 0.00 16,970.67 16,029.33 48.57 %
135-020-69005-000 Capital Outlays 1,050,000.00 1,050,000.00 196,539.00 215,539.00 834,461.00 79.47 %
135-020-69008-000 Short Term Debt -Principal 22,398.34 22,398.34 0.00 0.00 22,398.34 100.00 %
135-020-69009-000 Short Term Debt -Interest 442.39 442.39 0.00 0.00 442.39 100.00 %
135-020-69195-000 GASB Reserve for Replacement 155,762.00 155,762.00 0.00 155,762.00 0.00 0.00 %
Department: 020 - Wastewater Total: 3,506,323.94 3,506,323.94 415,870.86 728,605.40 2,777,718.54 79.22%
1/10/2024 11:27:52 AM
18 of 131
Budget Report
Department: 026 - Board of Directors
135-026-50045-000 Workman's Compensation
135-026-60070-000 Dues & Memberships
135-026-60075-000 Meetings
135-026-60080-000 Schools & Training
135-026-60100-000 Travel & per diem
135-026-60245-000 Miscellaneous Expenses
Department: 026 - Board of Directors Total:
Department: 030 - Administration
135-030-50005-000 Salaries & Wages
135-030-50010-000 Overtime
135-030-50016-000 Longevity
135-030-50020-000 Retirement
135-030-50026-000 Medical Insurance
135-030-50027-000 Dental lnsurance
135-030-50028-000 Vision Insurance
135-030-50029-000 Life Insurance & Other
135-030-50030-000 Social Security Taxes
135-030-50035-000 Medicare Taxes
135-030-50040-000 Unemployment Taxes
135-030-50045-000 Workman's Compensation
135-030-50060-000 Pre-emp Physicals/Testing
135-030-50070-000 Employee Relations
135-030-55030-000 Software & Support
135-030-55080-000 Maintenance & Repairs
135-030-55085-000 Generator Maint. and Repair
135-030-55120-000 Cleaning Services
135-030-55160-000 Professional Outside Services
135-030-55205-000 Utility Billing Contract
135-030-60005-000 Telephone
January 17, 2024 Regular Meeting Agenda Packet
For Fiscal: 2023-2024 Period Ending: 11/30/2023
Variance
Original Current Period Fiscal Favorable Percent
Total Budget Total Budget Activity Activity (Unfavorable) Remaining
15.00
750.00
1,500.00
4,000.00
5,000.00
500.00
15.00
750.00
1,500.00
4,000.00
5,000.00
500.00
11,765.00 11,765.00
663,185.25
2,000.00
2,532.50
82,631.07
108,759.00
3,816.74
886.17
4,800.00
41,398.50
9,681.91
1,512.00
1,597.19
500.00
4,000.00
130,311.00
23,000.00
1,000.00
13,825.00
100,000.00
9,000.00
6,000.00
663,185.25
2,000.00
2,532.50
82,631.07
108,759.00
3,816.74
886.17
4,800.00
41,398.50
9,681.91
1,512.00
1,597.19
500.00
4,000.00
130,311.00
23,000.00
1,000.00
13,825.00
100,000.00
9,000.00
6,000.00
0.66
0.00
115.99
0.00
0.00
0.00
116.65
51,239.34
0.00
2,597.50
6,433.44
6,755.22
241.48
55.37
512.54
3,214.99
751.91
0.00
139.51
0.00
0.00
21,836.06
0.00
631.25
2,174.70
3,141.30
1,292.16
427.92
1.32
750.00
231.98
0.00
0.00
0.00
983.30
89,725.10
70.94
2,597.50
12,454.40
13,510.44
482.96
110.72
895.10
5,516.68
1,290.21
0.00
279.02
0.00
0.00
66,763.17
0.00
1,348.04
2,174.70
72,690.30
1,292.16
918.66
13.68
0.00
1,268.02
4,000.00
5,000.00
500.00
10,781.70
573,460.15
1,929.06
-65.00
70,176.67
95,248.56
3,333.78
775.45
3,904.90
35,881.82
8,391.70
1,512.00
1,318.17
500.00
4,000.00
63,547.83
23,000.00
-348.04
11,650.30
27,309.70
7,707.84
5,081.34
91.20 %
0.00
84.53 %
100.00
100.00 %
100.00 %
91.64%
86.47 %
96.45 %
-2.57 %
84.93 %
87.58 %
87.35 %
87.51 %
81.35 %
86.67 %
86.67 %
100.00 %
82.53 %
100.00 %
100.00 %
48.77 %
100.00 %
-34.80 %
84.27 %
27.31 %
85.64 %
84.69 %
135-030-60010-000
Communications/Mobiles 3,000.00 3,000.00 96.52 96.52 2,903.48 96.78 %
135-030-60020-000
135-030-60025-000
135-030-60035-000
Electricity/Gas
Water
Postage
17,684.51
5,000.00
30,000.00
17,684.51
5,000.00
30,000.00
1,244.52
393.83
5,462.65
1,244.52
817.33
5,472.62
16,439.99
4,182.67
24,527.38
92.96 %
83.65 %
81.76 %
135-030-60040-000
Service Charges & Fees
140,000.00 140,000.00 17,835.26 36,504.33 103,495.67 73.93 %
135-030-60050-000
135-030-60055-000
135-030-60070-000
Bad Debt Expense 13,000.00 13,000.00 0.00 0.00 13,000.00 100.00 %
Insurance 116,158.22 116,158.22 9,618.44 19,236.88 96,921.34 83.44 %
Dues & Memberships 6,800.00 6,800.00 391.00 491.00 6,309.00 92.78 %
135-030-60080-000
Schools & Training
3,900.00
3,900.00 513.10
513.10 3,386.90 86.84 %
135-030-60100-000
135-030-60115-000
135-030-60285-000
135-030-60360-000
135-030-65010-000
135-030-65055-000
135-030-65085-000
135-030-65095-000
135-030-69170-000
135-030-69195-000
Travel & per diem 1,227.50 1,227.50 0.00 0.00 1,227.50 100.00 %
Elections 10,000.00 10,000.00 0.00 0.00 10,000.00 100.00 %
Lawn Equipment & Maintenance 5,000.00 5,000.00 469.67 469.67 4,530.33 90.61 %
Furniture/Equipment < $5000 3,000.00 3,000.00 0.00 0.00 3,000.00 100.00 %
Uniforms 530.00 530.00 0.00 0.00 530.00 100.00 %
Hardware 8,200.00 8,200.00 0.00 2,476.46 5,723.54 69.80 %
Office Supplies 5,000.00 5,000.00 535.33 1,267.02 3,732.98 74.66 %
Maintenance Supplies 5,000.00 5,000.00 1,057.73 1,972.39 3,027.61 60.55 %
Copier Lease Installments 4,000.00 4,000.00 444.50 551.89 3,448.11 86.20 %
GASB Reserve for Replacement 24,903.00 24,903.00 0.00 24,903.00 0.00 0.00 %
Department: 030 - Administration Total: 1,612,839.56 1,612,839.56 139,507.24 368,136.83 1,244,702.73 77.17%
Department: 039 - Non Departmental
135-039-55045-000 Legal 65,000.00 65,000.00 5,575.05 5,575.05 59,424.95 91.42 %
135-039-55055-000 Auditing 30,000.00 30,000.00 0.00 4,500.00 25,500.00 85.00 %
135-039-55060-000 Appraisal 13,071.00 13,071.00 2,142.72 2,142.72 10,928.28 83.61 %
1/10/2024 11:27:52 AM
19 of 131
Tax Admin Fees 5,000.00 5,000.00 0.00 0.00 5,000.00 100.00
Department: 039 - Non Departmental Total: 113,071.00 113,071.00 7,717.77 12,217.77 100,853.23 89.19%
Budget Report
January 17, 2024 Regular Meeting Agenda Packet
For Fiscal: 2023-2024 Period Ending: 11/30/2023
Variance
Original Current Period Fiscal Favorable Percent
Total Budget Total Budget Activity Activity (Unfavorable) Remaining
135-039-55065-000
Expense Total: 14,423,932.76 14,423,932.76 1,269,164.80 2,506,345.72 11,917,587.04 82.62%
Fund: 135 - MUD 1 General Fund Surplus (Deficit): 0.00 0.00 -412,216.27 -649,256.15 -649,256.15 0.00%
Report Surplus (Deficit): 0.00 0.00 -412,216.27 -649,256.15 -649,256.15 0.00%
1/10/2024 11:27:52 AM
20 of 131
Department
Trophy Club Municipal Utility District No. 1
Asset
000 - Revenue, Asset, Liability, & Equity
Liability
000 - Revenue, Asset, Liability, & Equity
Total Asset:
Total Liability:
Equity
000 - Revenue, Asset, Liability, & Equity
Total Total Beginning Equity:
Total Revenue
Total Expense
Revenues Over/Under Expenses
Total Equity and Current Surplus (Deficit):
Total Liabilities, Equity and Current Surplus (Deficit):
January 17, 2024 Regular Meeting Agenda Packet
Balance Sheet Funds 122 - 528
Account Summary
As Of 11/30/2023
122 - Trophy Club 135 - MUD 1 137 - MUD 1 519 - 2016 Rev 520 - Revenue 528 - 2015
MUD Fire Dept. General Fund Consolidated Bond Const- Bond 16" Revenue Bond
GASB SWIFT Waterline Reserve Fund
1,808,976.11
1,808,976.11
11,638,600.62
11,638,600.62
Total
3,898,890.58 823,508.19 1,189,655.11 950,811.51 20,310,442.12
3,898,890.58 823,508.19 1,189,655.11 950,811.51 20,310,442.12
1,271,977.97
1,271,977.97
766,150.10
766,150.10
55,601.40
284,753.36
-229,151.96
536,998.14
1,808,976.11
1,580,285.67
1,580,285.67
10,707,571.10
10,707,571.10
1,857,089.57
2,506,345.72
-649,256.15
10,058,314.95
11,638,600.62
0.00 81,691.15 0.00 0.00 2,933,954.79
0.00 81,691.15 0.00 0.00 2,933,954.79
3,258,146.58 735,325.73 1,179,058.79 942,342.55 17,588,594.85
3,258,146.58 735,325.73 1,179,058.79 942,342.55 17,588,594.85
640,744.00 6,491.31 10,596.32 8,468.96 2,578,991.56
0.00 0.00 0.00 0.00 2,791,099.08
640,744.00 6,491.31 10,596.32 8,468.96 -212,107.52
3,898,890.58 741,817.04 1,189,655.11 950,811.51 17,376,487.33
3,898,890.58 823,508.19 1,189,655.11 950,811.51 20,310,442.12
Monthly Financial Activity Footnotes:
Fund 122 Activity
• Daily property tax deposits
• Monthly transfer OUT to MUD General Fund to cover Town transfers and any other A/P expenses
Fund 135 Activity
• Daily property tax deposits
• All A/P checks are cut through the General Fund
• Monthly transfer IN to cover other fund A/P expenses
•
•
Monthly transfer OUT for l&S Revenue Bond payments for Fund 534, 535, & 536
Monthly bank interest
Fund 137 Activity
• Transfer IN at beginning of fiscal year based on yearly budget and transfer OUT at fiscal year-end based on reserves balances
Fund 519 Activity
• Monthly bank interest
Fund 520 Activity
• Transfer OUT to MUD General Fund to cover Interconnect Waterline construction project expenses
• Monthly bank interest
Fund 528 Activity
• Monthly bank interest
1/10/2024 11:43:13 AM
21 of 131
Page 1 of 1
Department
Trophy Club Municipal Utility District No. 1
Asset
000 - Revenue, Asset, Liability, & Equity
Total Asset:
533 - MUD 1 I&S 534 - 2015 535 - 2016 Rev 536 - 2019 Rev
Consolidated Revenue Bond Bond I&S-SWIFT Bond I&S-
I&S W&WW System
330,701.01 150, 95 7.74
330,701.01 150,957.74
Liability
000 - Revenue, Asset, Liability, & Equity 209,862.21
61,738.89 75,785.71
January 17, 2024 Regular Meeting Agenda Packet
Balance Sheet I&S Funds 533 - 536
Account Summary
As Of 11/30/2023
61,738.89 75,785.71
0.00 0.00 0.00
Total Liability: 209,862.21
Equity
000 - Revenue, Asset, Liability, & Equity
Total Total Beginning Equity:
Total Revenue
Total Expense
Revenues Over/Under Expenses
Total Equity and Current Surplus (Deficit):
Total Liabilities, Equity and Current Surplus (Deficit):
0.00 0.00 0.00
89,219.04 39,137.14 11,713.62 6,476.05
89,219.04 39,137.14 11,713.62 6,476.05
31,619.76 111,820.60 50,025.27 69,309.66
0.00 0.00 0.00 0.00
31,619.76 111,820.60 50,025.27 69,309.66
120,838.80 150,957.74 61,738.89 75,785.71
330,701.01 150,957.74 61,738.89 75,785.71
Total
619,183.35
619,183.35
209,862.21
209,862.21
146,545.85
146,545.85
262,775.29
0.00
262,775.29
409,321.14
619,183.35
Monthly Financial Activity Footnotes:
Fund 533 Activity
Daily property tax deposits
Monthly transfer IN from Fund 135 for PID portion of semi-annual GO Bond payments
3/1 & 9/1 GO Bond payments (Interest and Principal)
Monthly bank interest
Fund 534 Activity
Monthly transfer IN for semi-annual I&S Revenue Bond payment from Fund 533
3/1 & 9/1 Revenue Bond payments (Interest and Principal)
Monthly bank interest
Fund 535 Activity
Monthly transfer IN for semi-annual I&S Revenue Bond payment from Fund 533
3/1 & 9/1 Revenue Bond payments (Interest and Principal)
Monthly bank interest
Fund 536 Activity
Monthly transfer IN for semi-annual I&S Revenue Bond payment from Fund 533
3/1 & 9/1 Revenue Bond payments (Interest and Principal)
Monthly bank interest
1/10/2024 11:46:13 AM
22 of 131
Page 1 of 1
January 17, 2024 Regular Meeting Agenda Packet
CASH STATUS AS OF NOVEMBER 2023
TexPool 0 & M (XXXXX0002)-Fire Operating Cash
Restricted -
Unable to be spent
Unrestricted-
Available for
spending
Total in Accounts
(Restricted &
Unrestricted)
135-10250
TexPool 0 & M (XXXXX0002)-General Fund Operating **"
Prosperity Bank (XXX8701) Fire Operating
$0
$2,908,520
$2,908,520
135-10300
Prosperity Bank (XXX8701) General Fund Operating
*
$146,705
$5,394,831
$5,541,536
135-10305
Prosperity Bank Reserve -Savings Acct (XXXXX7724)
$1,947,082
$0
$1,947,082
135-11100
Petty Cash Administration
$0
$150
$150
135-11150
Petty Cash Utility Billing
$0
$450
$450
137-10250
TexPool 0 & M (XXXXX0002) GASB Replacement
$3,898,891
$0
$3,898,891
519-10250
Texpool Revenue Bond Construction (XXXXX015) SWIFT
$0
$0
$0
51 9-1 11 55
Cash -Bond Escrow Bank of Texas (SWIFT)
$823,508
$0
$823,508
520-10250
Texpool Revenue Bond Water & Waste Water Systems 2019 (XXXXX018)
$1,189,655
$0
$1,189,655
520-10300
Prosperity Bank Construction Water & Waste Water Systems 2019
$0
$0
$0
528-10250
TexPool Revenue Bond Reserve (XXXXX014) WWTP Improvements
$950,812
$0
$950,812
533-10250
TexPool Tax I & S (XXXXX0003)
$117,455
$0
$117,455
533-10300
Prosperity Bank (XXX8701) Tax I&S
$0
$0
$0
534-10250
TexPool Revenue I & S (XXXXX013) WWTP Improvements
$150,958
$0
$150,958
535-10250
Texpool Revenue I & S (XXXXX017) SWIFT
$61,739
$0
$61,739
536-10250
TexPool Revenue I & S (XXXXX020) Water & Waste Water Systems
$75,786
$0
$75,786
$8,303,951
$17,666,541
Amount available in cash for spending (MUD Accounts)
*11/30/2023 Customer Water Deposits $146,705
Fire Department Cash
$8,303,951
122-10250
TexPool 0 & M (XXXXX0002)-Fire Operating Cash
$0
$509,663
$509,663
122-10300
Prosperity Bank (XXX8701) Fire Operating
$0
$0
$0
$0
$509,663
$509,663
Amount available in cash for spending (Fire Department Accounts)
$509,663
General Fund 135 Available
$ 5,394,831 Prosperity General Fund
$ 2,908,520 Texpool General Fund
$ 600 Petty Cash
Total General Fund 135 Available for Spending $ 8,303,951
General Fund 135 Fund Balances
Nonspendable Fund Balance (Prepaids) $ 3,880
Assigned Fund Balance (FY2024 Capital Projects plus prior year carry forward) $ 6,516,007
Unassigned Fund Balance $ 4,187,684
Current Year Revenue/Expenses $ (649,256)
Total Nonspendable, Assigned & Committed Fund Balances - General Fund 135 $10,058,315
23 of 131
ebills
Bills Mailed
Bank Draft
Credit Card Draft
Online Payments
Late Notices
Disconnects
Connections MUD
Connections Town
January 17, 2024 Regular Meeting Agenda Packet
November Utility Billing Report
Fiscal Year 2023 - 2024
November
2022
December
2022
January
2023
February
2023
March
2023
April
2023
May
2023
June
2023
July
2023
August
2023
September
2023
October
2023
November
2023
1,710
1,746
1,765
1,777
1,773
1,767
1,794
1,766
1,750
1,744
1,742
1,745
1,740
3,801
3,768
3,741
3,751
3,744
3,743
3,734
3,755
3,749
3,747
3,747
3,737
3,739
711
630
606
599
599
590
588
589
585
578
572
569
562
1,494
2,251
2,540
2,719
3,016
2,998
2,754
3,134
3,101
2,957
3,086
3,072
3,006
1,049
0
0
0
547
413
289
290
327
327
268
344
255
298
4
0
0
0
0
8
9
9
13
7
7
13
4
3,399
3,399
3,394
3,394
3,394
3,394
3,394
3,395
3,395
3,395
3,395
3,395
3,395
1,444
1,444
1,444
1,443
1,443
1,443
1,443
1,443
1,443
1,443
1,443
1,444
1,444
November Permits
Fiscal Year 2023 - 2024
Date of
Permit
Permit No.
Customer
Deposit
Due to FW
Water
Oversize
Meter
Plumbing
Inspections
Sewer
Inspections
Fire Line
Misc. Income
Total
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$
Total
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$
24 of 131
January 17, 2024 Regular Meeting Agenda Packet
Check Report
Trophy Club Municipal Utility District No. 1 By Check Number
Date Range: 12/01/2023 - 12/31/2023
Vendor Number Vendor Name
Bank Code: Prosperity Bank -Prosperity Bank
Payment Type: Regular
Payment Date Payment Type Discount Amount Payment Amount Number
2558 First Check Applicant Screenin 12/06/2023 Regular
3298 308 Construction LLC 12/06/2023 Regular
2222 Aflac 12/06/2023 Regular
2691 All Test Fire Protection LLC 12/06/2023 Regular
2772 Allied Waste Industries 12/06/2023 Regular
3127 Allied Welding Supply Inc. 12/06/2023 Regular
3197 BenefitMall 12/06/2023 Regular
3299 Bickerstaff Heath Delgado Acosta LLP 12/06/2023 Regular
1250 Bio -Aquatic Testing Inc. 12/06/2023 Regular
4018 BP Energy Holding Company LLC 12/06/2023 Regular
1030 City of Fort Worth 12/06/2023 Regular
2786 Cleargov Inc 12/06/2023 Regular
3184 Dataprose LLC 12/06/2023 Regular
1737 DPC Industries Inc. 12/06/2023 Regular
1026 Federal Express Corp 12/06/2023 Regular
2558 First Check Applicant Screenin 12/06/2023 Regular
3093 Four Man Furnace Inc. 12/06/2023 Regular
2796 Garver 12/06/2023 Regular
3292 Grapevine Dodge Chrysler Jeep 12/06/2023 Regular
4033 Health Care Service Corporation 12/06/2023 Regular
2802 Industrial Disposal Supply LLC 12/06/2023 Regular
3297 J&L Construction LLC 12/06/2023 Regular
2783 JJ HVAC LLC 12/06/2023 Regular
2943 JP Morgan Chase Bank NA 12/06/2023 Regular
3278 Kyocera Document Solutions 12/06/2023 Regular
3132 Legal Shield 12/06/2023 Regular
3186 Member's Building Maintenance 12/06/2023 Regular
3115 Metlife Group Benefits 12/06/2023 Regular
3200 Mettler -Toledo LLC 12/06/2023 Regular
2760 NDS Leasing 12/06/2023 Regular
1056 Office Depot Inc 12/06/2023 Regular
4019 Peterson Pump & Motor Service LLC 12/06/2023 Regular
3134 Prime Controls LP 12/06/2023 Regular
2703 RDO Equipment Co. 12/06/2023 Regular
3176 Rey -Mar Construction 12/06/2023 Regular
2821 Ricochet Fuel Distributors,Inc 12/06/2023 Regular
2809 Rod L Abbott CPA LLC 12/06/2023 Regular
2633 Sluder Emergency Power Service 12/06/2023 Regular
1578 Smith Pump Company, Inc. 12/06/2023 Regular
3156 Southern Petroleum Lab Inc 12/06/2023 Regular
2659 Tarrant Appraisal District 12/06/2023 Regular
2696 Texas Excavation Safety System 12/06/2023 Regular
1000 Trophy Club Mud (Water Bills) 12/06/2023 Regular
2798 Tyler Technologies Inc 12/06/2023 Regular
3225 US Bank Voyager Fleet Systems 12/06/2023 Regular
2196 Victor Insurance Managers 12/06/2023 Regular
2970 Air Mac 12/18/2023 Regular
2772 Allied Waste Industries 12/18/2023 Regular
2683 Charter Communications 12/18/2023 Regular
3184 Dataprose LLC 12/18/2023 Regular
1018 Denton Central Appraisal District 12/18/2023 Regular
3118 Exclusive Pest Control 12/18/2023 Regular
2606 Fisery Solutions LLC 12/18/2023 Regular
0.00 -160.45 9347
0.00 158,650.00 10018
0.00 446.16 10019
0.00 719.88 10020
0.00 1,833.80 10021
0.00 21.15 10022
0.00 52.00 10023
0.00 5,575.05 10024
0.00 1,170.00 10025
0.00 42,181.06 10026
0.00 253,960.96 10027
0.00 13,498.73 10028
0.00 456.48 10029
0.00 1,557.08 10030
0.00 6.05 10031
0.00 160.45 10032
0.00 31.25 10033
0.00 8,700.30 10034
0.00 37,791.00 10035
0.00 22,147.36 10036
0.00 2,002.44 10037
0.00 294,652.86 10038
0.00 825.00 10039
0.00 7,163.74 10040
0.00 94.50 10041
0.00 15.95 10042
0.00 1,207.35 10043
0.00 2,301.06 10044
0.00 402.82 10045
0.00 350.00 10046
0.00 439.99 10047
0.00 4,345.00 10048
0.00 1,028.75 10049
0.00 1,374.77 10050
0.00 7,394.47 10051
0.00 4,491.53 10052
0.00 5,500.00 10053
0.00 2,431.25 10054
0.00 8,635.00 10055
0.00 1,728.00 10056
0.00 2,142.72 10057
0.00 252.70 10058
0.00 393.83 10059
0.00 150.00 10060
0.00 1,969.13 10061
0.00 142.00 10062
0.00 3,924.50 10072
0.00 6,567.28 10073
0.00 903.72 10074
0.00 2,594.79 10075
0.00 1,967.85 10076
0.00 245.00 10077
0.00 50.00 10078
1/11/2024 1:07:41 PM Page 1 of 4
25 of 131
Check Report
Vendor Number
2796
2754
3216
2784
4019
3156
3182
2440
1001
1058
3280
Vendor Name
Garver
Lower Colorado River Authority
M3 Networks
Manning Concrete Sawing
Peterson Pump & Motor Service LLC
Southern Petroleum Lab Inc
Strategic Government Resources
Tarrant County Public Health Laboratory
Town of Trophy Club
Verizon Wireless
Watts Ellison LLC
Payment Date
12/18/2023
12/18/2023
12/18/2023
12/18/2023
12/18/2023
12/18/2023
12/18/2023
12/18/2023
12/18/2023
12/18/2023
12/18/2023
January 17, 2024 Regular Meeting Agenda Packet
Date Range: 12/01/2023 - 12/31/2023
Payment Type
Regular
Regular
Regular
Regular
Regular
Regular
Regular
Regular
Regular
Regular
Regular
Total Regular:
Discount Amount
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Payment Amount
8,418.60
828.00
1,047.00
2,496.39
690.00
4,028.40
180.00
500.00
228,233.40
584.11
3,559.34
1,167,051.55
Number
10079
10080
10081
10082
10083
10084
10085
10086
10087
10088
10089
1/11/2024 1:07:41 PM Page 2 of 4
26 of 131
Check Report
Vendor Number
Payment Type:
3197
3113
3124
3197
3113
3124
Vendor Name
Bank Draft
BenefitMall
TCDRS
IRS Tax Payment
BenefitMall
TCDRS
IRS Tax Payment
Payment Type
Regular Checks
Manual Checks
Voided Checks
Bank Drafts
EFT's
January 17, 2024 Regular Meeting Agenda Packet
Date Range: 12/01/2023 - 12/31/2023
Discount Amount Payment Amount Number
Payment Date Payment Type
12/08/2023
12/31/2023
12/08/2023
12/22/2023
12/31/2023
12/22/2023
Bank Draft
Bank Draft
Bank Draft
Bank Draft
Bank Draft
Bank Draft
Total Bank Draft:
Bank Code Prosperity Bank Summary
Payable
Count
94
0
0
6
0
100
Payment
Count
63
0
1
6
0
70
Discount Payment
0.00 1,167,212.00
0.00 0.00
0.00 -160.45
0.00 46,770.04
0.00 0.00
0.00 1,213,821.59
0.00 266.67 DFT0000123
0.00 9,914.43 DFT0000124
0.00 13,391.92 DFT0000125
0.00 266.67 DFT0000126
0.00 10,038.11 DFT0000127
0.00 12,892.24 DFT0000128
0.00 46,770.04
1/11/2024 1:07:41 PM Page 3 of 4
27 of 131
Check Report
January 17, 2024 Regular Meeting Agenda Packet
Date Range: 12/01/2023 - 12/31/2023
All Bank Codes Check Summary
Payable Payment
Payment Type Count Count Discount Payment
Regular Checks 94 63 0.00 1,167,212.00
Manual Checks 0 0 0.00 0.00
Voided Checks 0 1 0.00 -160.45
Bank Drafts 6 6 0.00 46,770.04
EFT's 0 0 0.00 0.00
100 70 0.00 1,213,821.59
Fund Summary
Fund Name Period Amount
996 MUD Consolidated Cash 12/2023 1,213,821.59
1,213,821.59
1/11/2024 1:07:41 PM Page 4 of 4
28 of 131
January 17, 2024 Regular Meeting Agenda Packet
FY 2024 Combined Financials
YTD as of 12/31/2023
YTD
Revenues
• YTD
Expenses
Adopted Budget vs YTD Actuals Revenues & Expenses
$2,671,103
$3,224,430
$14,423,933
$14,423,933
51,100 529,818
0%
$514,579
16%
1
1%
YTD Expenses By
Departments
YTD Expense- Water
$1,790,529
$888,403 55% YTD Expense- WW
28%
YTD Expense- Admin
YTD Expense- BOD
• YTD Expense- Non Dept
Water Budget vs Actual
140,000,000
120,000,000
100,000,000
80,000,000
60,000,000
40,000,000
20,000,000
0
92,198,177
Oct
Water Consumption Budget vs Actual
112,006,200
61,555,000
48,355,000
51,503,997
46,670,584
Budget Consumption—1—Actual Consumption
Nov Dec
1,000,000,000
900,000,000
800,000,000
700,000,000
600,000,000
500,000,000
400,000,000
300,000,000
200,000,000
100,000,000
0
Adopted Budget Water Consumption Vs Actual Water Consumption
900,222,298
868.678,857
Total Water Consumption
• Budgeted Water Consumption
• Projected Water Consumption
Presented by:
Finance Department
$1,000,000
5900,000
$800,000
$700,000
$600,000
5500,000
5400,000
5300,000
5200,000
$100,000
$0
Water Revenue Budget vs Actual
$493,961
$554,257 s $413,727
Oct
3297,607
Budget Revenue --Actual Revenue
Nov
$272,019
Dec
$6,000,000
55,000,000
$4,000,000
$3,000,000
52,000,000
51,000,000
$0
Adopted Budget Water Revenue Vs Projected Water Revenue
$5,166,291
$5,626,525
$2,510,794
Total Water Revenue
$2,990,721
• Budgeted Water Revenue
• Projected Water Revenue
Net Budgeted Water Revenue
Minus Budgeted Expenses
• Net Projected Water Revenue
Minus Projected Expenses
29 of 131
Fund: 135 - MUD 1 Ge
Revenue
Department: 000 -
135-000-40000-000
135-000-40002-000
135-000-40015-000
135-000-40025-000
135-000-47000-000
135-000-47005-000
135-000-47025-000
135-000-47030-000
135-000-47035-000
135-000-47045-000
135-000-47070-000
135-000-49011-000
135-000-49016-000
135-000-49026-000
135-000-49035-000
135-000-49036-000
135-000-49075-000
135-000-49141-000
135-000-49900-000
Trophy Club Municipal Utility District No. 1
neral Fund
Revenue, Asset, Liability, & Equity
Property Taxes
Property Taxes/Delinquent
Property Taxes/P & I
PID Surcharges
Water
Sewer
Penalties
Service Charges
Plumbing Inspections
Sewer Inspections
TCCC Effluent Charges
Interest Income
Cell Tower Revenue
Proceeds from Sale of Assets
Prior Year Reserves
GASB Reserves
Oversize Meter Reimbursement
Interfund Transfer In
Miscellaneous Income
Department: 000 - Revenue, Asset, Liability, & Equity Total:
Expense
Department: 010 - Water
135-010-50005-000
135-010-50010-000
135-010-50016-000
135-010-50017-000
135-010-50020-000
135-010-50026-000
135-010-50027-000
135-010-50028-000
135-010-50029-000
135-010-50030-000
135-010-50035-000
135-010-50040-000
135-010-50045-000
135-010-50060-000
135-010-50070-000
135-010-55080-000
135-010-55085-000
135-010-55090-000
135-010-55105-000
135-010-55120-000
135-010-55135-000
135-010-55135-001
135-010-60010-000
135-010-60020-000
135-010-60066-000
135-010-60080-000
January 17, 2024 Regular Meeting Agenda Packet
Original Current
Total Budget Total Budget
85,733.51
300.00
300.00
143,223.25
6,939,998.00
3,679,786.00
105,800.00
3,350.00
300.00
100.00
70,000.00
150,000.00
49,320.00
25,000.00
1,933,264.00
50,000.00
2,058.00
1,178,400.00
7,000.00
14,423,932.76
85,733.51
300.00
300.00
143,223.25
6,939,998.00
3,679,786.00
105,800.00
3,350.00
300.00
100.00
70,000.00
150,000.00
49,320.00
25,000.00
1,933,264.00
50,000.00
2,058.00
1,178,400.00
7,000.00
14,423,932.76
Budget Report
Account Summary
For Fiscal: 2023-2024 Period Ending: 12/31/2023
Period
Activity
39,740.28
-39.07
3.37
0.00
413,726.80
298,222.57
15,399.02
400.00
300.00
100.00
470.40
40,713.97
4,120.00
0.00
0.00
0.00
856.00
0.00
0.00
814,013.34
Variance
Fiscal Favorable Percent
Activity (Unfavorable) Remaining
43,258.00
65.66
38.14
0.00
1,584,117.97
859,106.92
32,450.86
1,650.00
450.00
100.00
14,781.60
121,559.76
12,240.00
0.00
0.00
0.00
1,284.00
0.00
0.00
2,671,102.91
-42,475.51
-234.34
-261.86
-143,223.25
-5,355,880.03
-2,820,679.08
-73,349.14
-1,700.00
150.00
0.00
-55,218.40
-28,440.24
-37,080.00
-25,000.00
-1,933,264.00
-50,000.00
-774.00
-1,178,400.00
-7,000.00
-11,752,829.85
49.54
78.11 %
87.29
100.00 %
77.17
76.65 %
69.33
50.75 %
150.00 %
0.00 %
78.88 %
18.96 %
75.18 %
100.00 %
100.00 %
100.00 %
37.61 %
100.00 %
100.00 %
81.48%
Revenue Total: 14,423,932.76 14,423,932.76 814,013.34 2,671,102.91 -11,752,829.85 81.48%
Salaries & Wages
Overtime
Longevity
Certification
Retirement
Medical Insurance
Dental lnsurance
Vision Insurance
Life Insurance & Other
Social Security Taxes
Medicare Taxes
Unemployment Taxes
Workman's Compensation
Pre-emp Physicals/Testing
Employee Relations
Maintenance & Repairs
Generator Maint. and Repair
Vehicle Maintenance
Maintenance-Backhoe/SkidLoader
Cleaning Services
Lab Analysis
Lab Analysis for PID
Communications/Mobiles
Electricity
Publications/Books/Subscripts
Schools & Training
431,575.02 431,575.02
17,000.00 17,000.00
6,252.50 6,252.50
3,600.00 3,600.00
56,730.41 56,730.41
116,527.50 116,527.50
4,834.55 4,834.55
1,051.01 1,051.01
4,000.00 4,000.00
28,422.51 28,422.51
6,647.20 6,647.20
1,260.00 1,260.00
11,898.56 11,898.56
400.00 400.00
300.00 300.00
201,500.00 201,500.00
2,000.00 2,000.00
5,000.00 5,000.00
1,000.00 1,000.00
2,500.00 2,500.00
7,500.00 7,500.00
2,000.00 2,000.00
7,500.00 7,500.00
183,143.49 183,143.49
1,000.00 1,000.00
2,630.00 2,630.00
33,845.44
658.44
0.00
225.00
4,167.48
8,444.02
350.33
71.27
286.69
2,087.99
488.31
0.00
1,060.94
0.00
0.00
5,569.85
0.00
0.00
0.00
0.00
220.00
0.00
334.77
14,805.45
0.00
1,550.00
92,467.61
3,075.97
6,252.50
675.00
13,273.65
25,332.06
1,050.99
213.87
864.07
6,182.81
1,445.96
0.00
3,182.82
0.00
0.00
13,247.83
951.60
953.90
1,911.94
40.31
1,434.00
574.00
1,004.41
34,019.68
0.00
1,663.75
339,107.41
13,924.03
0.00
2,925.00
43,456.76
91,195.44
3,783.56
837.14
3,135.93
22,239.70
5,201.24
1,260.00
8,715.74
400.00
300.00
188,252.17
1,048.40
4,046.10
-911.94
2,459.69
6,066.00
1,426.00
6,495.59
149,123.81
1,000.00
966.25
78.57 %
81.91 %
0.00 %
81.25 %
76.60 %
78.26 %
78.26 %
79.65 %
78.40 %
78.25 %
78.25 %
100.00 %
73.25 %
100.00 %
100.00 %
93.43 %
52.42 %
80.92 %
-91.19 %
98.39 %
80.88 %
71.30 %
86.61 %
81.42 %
100.00 %
36.74 %
1/11/2024 3:56:33 PM
30 of 131
Budget Report
135-010-60100-000
135-010-60135-000
135-010-60135-001
135-010-60150-000
135-010-60285-000
135-010-60332-000
135-010-65005-000
135-010-65010-000
135-010-65030-000
135-010-65050-000
135-010-65053-000
135-010-69005-000
135-010-69195-000
January 17, 2024 Regular Meeting Agenda Packet
For Fiscal: 2023-2024 Period Ending: 12/31/2023
Variance
Original Current Period Fiscal Favorable Percent
Total Budget Total Budget Activity Activity (Unfavorable) Remaining
Travel & per diem 577.50 577.50 590.44 590.44 -12.94 -2.24 %
TCEQ Fees & Permits 29,500.00 29,500.00 0.00 8,964.55 20,535.45 69.61
TCEQ Fees & Permits for PID 500.00 500.00 0.00 0.00 500.00 100.00 %
Wholesale Water 2,655,497.13 2,655,497.13 166,425.88 420,386.84 2,235,110.29 84.17 %
Lawn Equipment & Maintenance 12,500.00 12,500.00 1,200.00 2,400.00 10,100.00 80.80 %
Interfund Transfer Out -Rev I&S 565,796.88 565,796.88 51,500.52 154,501.56 411,295.32 72.69
Fuel & Lube 23,575.00 23,575.00 995.20 4,275.56 19,299.44 81.86 %
Uniforms 4,355.00 4,355.00 415.96 725.86 3,629.14 83.33 %
Chemicals 58,200.00 58,200.00 2,465.15 10,584.44 47,615.56 81.81 %
Meter Expense 20,000.00 20,000.00 0.00 0.00 20,000.00 100.00 %
Meter Change Out Program 124,500.00 124,500.00 0.00 0.00 124,500.00 100.00 %
Capital Outlays 4,200,000.00 4,200,000.00 96,367.82 599,622.39 3,600,377.61 85.72 %
GASB Reserve for Replacement 378,659.00 378,659.00 0.00 378,659.00 0.00 0.00 %
Department: 010 - Water Total: 9,179,933.26 9,179,933.26 394,126.95 1,790,529.37 7,389,403.89 80.50%
Department: 020 - Wastewater
135-020-50005-000 Salaries & Wages 290,304.62 290,304.62 18,286.05 50,768.76 239,535.86 82.51 %
135-020-50010-000 Overtime 20,000.00 20,000.00 618.50 2,809.51 17,190.49 85.95 %
135-020-50016-000 Longevity 2,367.50 2,367.50 0.00 2,540.00 -172.50 -7.29 %
135-020-50017-000 Certification 5,100.00 5,100.00 225.00 675.00 4,425.00 86.76 %
135-020-50020-000 Retirement 40,934.05 40,934.05 2,295.54 7,336.22 33,597.83 82.08 %
135-020-50026-000 Medical Insurance 93,222.04 93,222.04 4,503.48 13,510.44 79,711.60 85.51 %
135-020-50027-000 Dental Insurance 3,385.28 3,385.28 166.51 499.53 2,885.75 85.24 %
135-020-50028-000 Vision Insurance 818.82 818.82 42.52 127.56 691.26 84.42 %
135-020-50029-000 Life Insurance & Other 3,000.00 3,000.00 148.16 506.78 2,493.22 83.11 %
135-020-50030-000 Social Security Taxes 20,507.87 20,507.87 1,138.15 3,393.82 17,114.05 83.45 %
135-020-50035-000 Medicare Taxes 4,796.20 4,796.20 266.18 793.69 4,002.51 83.45 %
135-020-50040-000 Unemployment Taxes 1,008.00 1,008.00 0.00 0.00 1,008.00 100.00 %
135-020-50045-000 Workman's Compensation 8,403.61 8,403.61 748.93 2,246.79 6,156.82 73.26 %
135-020-50060-000 Pre-emp Physicals/Testing 400.00 400.00 0.00 0.00 400.00 100.00 %
135-020-50070-000 Employee Relations 300.00 300.00 0.00 0.00 300.00 100.00 %
135-020-55080-000 Maintenance & Repairs 137,000.00 137,000.00 17,274.50 39,877.25 97,122.75 70.89 %
135-020-55081-000 Mainten & Repairs Collections 270,000.00 270,000.00 320.00 37,843.99 232,156.01 85.98 %
135-020-55085-000 Generator Maint. and Repair 11,000.00 11,000.00 4,678.06 6,478.06 4,521.94 41.11 %
135-020-55090-000 Vehicle Maintenance 4,600.00 4,600.00 0.00 142.94 4,457.06 96.89 %
135-020-55091-000 Veh Maintenance Collections 13,000.00 13,000.00 40.75 3,347.76 9,652.24 74.25 %
135-020-55105-000 Maintenance-Backhoe/SkidLoader 3,000.00 3,000.00 0.00 1,374.77 1,625.23 54.17 %
135-020-55120-000 Cleaning Services 2,000.00 2,000.00 0.00 40.31 1,959.69 97.98 %
135-020-55125-000 Dumpster Services 100,000.00 100,000.00 0.00 13,238.50 86,761.50 86.76 %
135-020-55135-000 Lab Analysis 55,000.00 55,000.00 6,271.20 19,748.02 35,251.98 64.09 %
135-020-60010-000 Communications/Mobiles 7,500.00 7,500.00 200.92 602.70 6,897.30 91.96 %
135-020-60020-000 Electricity 242,978.33 242,978.33 21,767.03 44,007.86 198,970.47 81.89 %
135-020-60080-000 Schools & Training 2,119.00 2,119.00 425.00 425.00 1,694.00 79.94 %
135-020-60100-000 Travel & per diem 527.50 527.50 0.00 0.00 527.50 100.00 %
135-020-60135-000 TCEQ Fees & Permits 12,000.00 12,000.00 0.00 9,888.02 2,111.98 17.60 %
135-020-60285-000 Lawn Equipment & Maintenance 16,000.00 16,000.00 1,420.00 2,720.00 13,280.00 83.00 %
135-020-60331-000 Interfund Transfer Out -Tax I&S 115,885.76 115,885.76 10,535.09 31,605.27 84,280.49 72.73 %
135-020-60332-000 Interfund Transfer Out -Rev I&S 698,542.63 698,542.63 63,548.65 190,645.95 507,896.68 72.71 %
135-020-65005-000 Fuel & Lube 13,000.00 13,000.00 527.55 5,782.03 7,217.97 55.52 %
135-020-65010-000 Uniforms 3,520.00 3,520.00 441.02 581.90 2,938.10 83.47 %
135-020-65030-000 Chemicals 32,500.00 32,500.00 0.00 2,664.09 29,835.91 91.80 %
135-020-65031-000 Chemicals Collections 10,000.00 10,000.00 0.00 0.00 10,000.00 100.00 %
135-020-65045-000 Lab Supplies 33,000.00 33,000.00 0.00 16,970.67 16,029.33 48.57 %
135-020-69005-000 Capital Outlays 1,050,000.00 1,050,000.00 3,909.10 219,448.10 830,551.90 79.10 %
135-020-69008-000 Short Term Debt -Principal 22,398.34 22,398.34 0.00 0.00 22,398.34 100.00 %
135-020-69009-000 Short Term Debt -Interest 442.39 442.39 0.00 0.00 442.39 100.00 %
135-020-69195-000 GASB Reserve for Replacement 155,762.00 155,762.00 0.00 155,762.00 0.00 0.00 %
Department: 020 - Wastewater Total: 3,506,323.94 3,506,323.94 159,797.89 888,403.29 2,617,920.65 74.66%
1/11/2024 3:56:33 PM
31 of 131
Budget Report
Department: 026 - Board of Directors
135-026-50045-000 Workman's Compensation
135-026-60070-000 Dues & Memberships
135-026-60075-000 Meetings
135-026-60080-000 Schools & Training
135-026-60100-000 Travel & per diem
135-026-60245-000 Miscellaneous Expenses
Department: 026 - Board of Directors Total:
Department: 030 - Administration
135-030-50005-000 Salaries & Wages
135-030-50010-000 Overtime
135-030-50016-000 Longevity
135-030-50020-000 Retirement
135-030-50026-000 Medical Insurance
135-030-50027-000 Dental lnsurance
135-030-50028-000 Vision Insurance
135-030-50029-000 Life Insurance & Other
135-030-50030-000 Social Security Taxes
135-030-50035-000 Medicare Taxes
135-030-50040-000 Unemployment Taxes
135-030-50045-000 Workman's Compensation
135-030-50060-000 Pre-emp Physicals/Testing
135-030-50070-000 Employee Relations
135-030-55030-000 Software & Support
135-030-55080-000 Maintenance & Repairs
135-030-55085-000 Generator Maint. and Repair
135-030-55120-000 Cleaning Services
135-030-55160-000 Professional Outside Services
135-030-55205-000 Utility Billing Contract
135-030-60005-000 Telephone
135-030-60010-000 Communications/Mobiles
135-030-60020-000 Electricity/Gas
135-030-60025-000 Water
135-030-60035-000 Postage
135-030-60040-000 Service Charges & Fees
135-030-60050-000 Bad Debt Expense
135-030-60055-000 Insurance
135-030-60070-000 Dues & Memberships
January 17, 2024 Regular Meeting Agenda Packet
For Fiscal: 2023-2024 Period Ending: 12/31/2023
Variance
Original Current Period Fiscal Favorable Percent
Total Budget Total Budget Activity Activity (Unfavorable) Remaining
15.00
750.00
1,500.00
4,000.00
5,000.00
500.00
15.00
750.00
1,500.00
4,000.00
5,000.00
500.00
11,765.00 11,765.00
663,185.25
2,000.00
2,532.50
82,631.07
108,759.00
3,816.74
886.17
4,800.00
41,398.50
9,681.91
1,512.00
1,597.19
500.00
4,000.00
130,311.00
23,000.00
1,000.00
13,825.00
100,000.00
9,000.00
6,000.00
3,000.00
17,684.51
5,000.00
30,000.00
140,000.00
13,000.00
116,158.22
6,800.00
663,185.25
2,000.00
2,532.50
82,631.07
108,759.00
3,816.74
886.17
4,800.00
41,398.50
9,681.91
1,512.00
1,597.19
500.00
4,000.00
130,311.00
23,000.00
1,000.00
13,825.00
100,000.00
9,000.00
6,000.00
3,000.00
17,684.51
5,000.00
30,000.00
140,000.00
13,000.00
116,158.22
6,800.00
0.66
0.00
115.99
0.00
0.00
0.00
116.65
51,393.43
134.41
0.00
6,138.57
6,755.22
241.48
55.33
252.58
2,565.10
716.27
0.00
139.51
0.00
2,859.44
25,490.40
2,732.73
0.00
1,200.00
430.00
672.73
546.98
48.26
1,293.36
336.18
1,988.30
26,979.32
0.00
9,618.44
794.00
1.98
750.00
347.97
0.00
0.00
0.00
13.02
0.00
1,152.03
4,000.00
5,000.00
500.00
86.80 %
0.00
76.80 %
100.00
100.00 %
100.00 %
1,099.95 10,665.05 90.65%
141,118.53
205.35
2,597.50
18,592.97
20,265.66
724.44
166.05
1,147.68
8,081.78
2,006.48
0.00
418.53
0.00
2,859.44
92,253.57
2,732.73
1,348.04
3,374.70
73,120.30
1,964.89
1,465.64
144.78
2,537.88
1,153.51
7,460.92
63,483.65
0.00
28,855.32
1,285.00
522,066.72
1,794.65
-65.00
64,038.10
88,493.34
3,092.30
720.12
3,652.32
33,316.72
7,675.43
1,512.00
1,178.66
500.00
1,140.56
38,057.43
20,267.27
-348.04
10,450.30
26,879.70
7,035.11
4,534.36
2,855.22
15,146.63
3,846.49
22,539.08
76,516.35
13,000.00
87,302.90
5,515.00
78.72 %
89.73 %
-2.57 %
77.50 %
81.37 %
81.02 %
81.26 %
76.09 %
80.48 %
79.28 %
100.00 %
73.80 %
100.00 %
28.51 %
29.21 %
88.12 %
-34.80 %
75.59 %
26.88 %
78.17 %
75.57 %
95.17 %
85.65 %
76.93 %
75.13 %
54.65 %
100.00 %
75.16 %
81.10 %
135-030-60080-000
Schools & Training
3,900.00 3,900.00 800.00 1,313.10 2,586.90 66.33 %
135-030-60100-000
135-030-60115-000
135-030-60285-000
135-030-60360-000
135-030-65010-000
135-030-65055-000
135-030-65085-000
135-030-65095-000
135-030-69170-000
135-030-69195-000
Travel & per diem 1,227.50 1,227.50 0.00 0.00 1,227.50 100.00 %
Elections 10,000.00 10,000.00 0.00 0.00 10,000.00 100.00 %
Lawn Equipment & Maintenance 5,000.00 5,000.00 939.34 1,409.01 3,590.99 71.82 %
Furniture/Equipment < $5000 3,000.00 3,000.00 0.00 0.00 3,000.00 100.00 %
Uniforms 530.00 530.00 0.00 0.00 530.00 100.00 %
Hardware 8,200.00 8,200.00 0.00 2,476.46 5,723.54 69.80 %
Office Supplies 5,000.00 5,000.00 383.75 1,650.77 3,349.23 66.98 %
Maintenance Supplies 5,000.00 5,000.00 812.41 2,784.80 2,215.20 44.30 %
Copier Lease Installments 4,000.00 4,000.00 124.78 676.67 3,323.33 83.08 %
GASB Reserve for Replacement 24,903.00 24,903.00 0.00 24,903.00 0.00 0.00 %
Department: 030 - Administration Total: 1,612,839.56 1,612,839.56 146,442.32 514,579.15 1,098,260.41 68.09%
Department: 039 - Non Departmental
135-039-55045-000 Legal 65,000.00 65,000.00 6,191.15 11,766.20 53,233.80 81.90 %
135-039-55055-000 Auditing 30,000.00 30,000.00 5,500.00 10,000.00 20,000.00 66.67 %
135-039-55060-000 Appraisal 13,071.00 13,071.00 1,967.85 4,110.57 8,960.43 68.55 %
1/11/2024 3:56:33 PM
32 of 131
Tax Admin Fees 5,000.00 5,000.00 3,941.00 3,941.00 1,059.00 21.18
Department: 039 - Non Departmental Total: 113,071.00 113,071.00 17,600.00 29,817.77 83,253.23 73.63%
Budget Report
January 17, 2024 Regular Meeting Agenda Packet
For Fiscal: 2023-2024 Period Ending: 12/31/2023
Variance
Original Current Period Fiscal Favorable Percent
Total Budget Total Budget Activity Activity (Unfavorable) Remaining
135-039-55065-000
Expense Total: 14,423,932.76 14,423,932.76 718,083.81 3,224,429.53 11,199,503.23 77.65%
Fund: 135 - MUD 1 General Fund Surplus (Deficit): 0.00 0.00 95,929.53 -553,326.62 -553,326.62 0.00%
Report Surplus (Deficit): 0.00 0.00 95,929.53 -553,326.62 -553,326.62 0.00%
1/11/2024 3:56:33 PM
33 of 131
Department
Trophy Club Municipal Utility District No. 1
Asset
000 - Revenue, Asset, Liability, & Equity
Liability
000 - Revenue, Asset, Liability, & Equity
Total Asset:
Total Liability:
Equity
000 - Revenue, Asset, Liability, & Equity
Total Total Beginning Equity:
Total Revenue
Total Expense
Revenues Over/Under Expenses
Total Equity and Current Surplus (Deficit):
Total Liabilities, Equity and Current Surplus (Deficit):
January 17, 2024 Regular Meeting Agenda Packet
Balance Sheet Funds 122 - 528
Account Summary
As Of 12/31/2023
122 - Trophy Club 135 - MUD 1 137 - MUD 1 519 - 2016 Rev 520 - Revenue 528 - 2015
MUD Fire Dept. General Fund Consolidated Bond Const- Bond 16" Revenue Bond
GASB SWIFT Waterline Reserve Fund
1,704,677.66
1,704,677.66
11,220,355.35 3,898,890.58 911,784.38 1,195,080.37
11,220,355.35 3 898,890.58 911,784.38 1,195,080.37
955,147.53
955,147.53
656,464.88
656,464.88
766,150.10
1,066,110.87 0.00 81,691.15 0.00
1,066,110.87 0.00 81,691.15 0.00
10,707,571.10 3,258,146.58 735,325.73 1,179,058.79
766,150.10
668,482.72
386,420.04
282,062.68
1,048,212.78
1,704,677.66
0.00
0.00
942,342.55
10,707,571.10 3,258,146.58 735,325.73 1,179,058.79
2,671,102.91 640,744.00 9,715.58 16,021.58
3,224,429.53 0.00 -85,051.92 0.00
-553,326.62 640,744.00 94,767.50 16,021.58
10,154,244.48 3,898,890.58 830,093.23 1,195,080.37
11,220,355.35 3 898 890.58 911,784.38 1,195,080.37
Monthly Financial Activity Footnotes:
942,342.55
12,804.98
0.00
12,804.98
955,147.53
955,147.53
Total
19,885,935.87
19 885,935.87
1,804,266.90
1,804,266.90
17,588,594.85
17,588,594.85
4,018,871.77
3,525,797.65
493,074.12
18,081,668.97
19,885,935.87
Fund 122 Activity
• Daily property tax deposits
Monthly transfer OUT to MUD General Fund to cover Town transfers and any other A/P expenses
Fund 135 Activity
• Daily property tax deposits
All A/P checks are cut through the General Fund
Monthly transfer IN to cover other fund A/P expenses
Monthly transfer OUT for I&S Revenue Bond payments for Fund 534, 535, & 536
Monthly bank interest
Fund 137 Activity
• Transfer IN at beginning of fiscal year based on yearly budget and transfer OUT at fiscal year-end based on reserves balances
Fund 519 Activity
• Monthly bank interest
Fund 520 Activity
• Transfer OUT to MUD General Fund to cover Interconnect Waterline construction project expenses
Monthly bank interest
Fund 528 Activity
• Monthly bank interest
1/11/2024 4:07:36 PM
34 of 131
Page 1 of 1
Department
Trophy Club Municipal Utility District No. 1
533 - MUD 1 I&S 534 - 2015 535 - 2016 Rev 536 - 2019 Rev
Consolidated Revenue Bond Bond I&S-SWIFT Bond I&S-
I&S W&WW System
January 17, 2024 Regular Meeting Agenda Packet
Balance Sheet I&S Funds 533 - 536
Account Summary
As Of 12/31/2023
Total
Asset
000 - Revenue, Asset, Liability, & Equity 341,308.52 207,364.13 86,973.06 110,746.79 746,392.50
Total Asset: 341,308.52 207,364.13 86,973.06 110,746.79 746,392.50
Liability
000 - Revenue, Asset, Liability, & Equity 107,922.76 0.00 0.00 0.00 107,922.76
Total Liability: 107,922.76 0.00 0.00 0.00 107,922.76
Equity
000 - Revenue, Asset, Liability, & Equity 89,219.04 39,137.14 11,713.62 6,476.05 146,545.85
Total Total Beginning Equity: 89,219.04 39,137.14 11,713.62 6,476.05 146,545.85
Total Revenue 144,166.72 168,226.99 75,259.44 104,270.74 491,923.89
Total Expense 0.00 0.00 0.00 0.00 0.00
Revenues Over/Under Expenses 144,166.72 168,226.99 75,259.44 104,270.74 491,923.89
Total Equity and Current Surplus (Deficit): 233,385.76 207,364.13 86,973.06 110,746.79 638,469.74
Total Liabilities, Equity and Current Surplus (Deficit): 341,308.52 207,364.13 86,973.06 110,746.79 746,392.50
Monthly Financial Activity Footnotes:
Fund 533 Activity
• Daily property tax deposits
Monthly transfer IN from Fund 135 for PID portion of semi-annual GO Bond payments
3/1 & 9/1 GO Bond payments (Interest and Principal)
Monthly bank interest
Fund 534 Activity
• Monthly transfer IN for semi-annual l&S Revenue Bond payment from Fund 533
3/1 & 9/1 Revenue Bond payments (Interest and Principal)
Monthly bank interest
Fund 535 Activity
• Monthly transfer IN for semi-annual l&S Revenue Bond payment from Fund 533
3/1 & 9/1 Revenue Bond payments (Interest and Principal)
Monthly bank interest
Fund 536 Activity
• Monthly transfer IN for semi-annual l&S Revenue Bond payment from Fund 533
3/1 & 9/1 Revenue Bond payments (Interest and Principal)
Monthly bank interest
1/11/2024 4:11:06 PM
35 of 131
Page 1 of 1
January 17, 2024 Regular Meeting Agenda Packet
CASH STATUS AS OF DECEMBER 2023
TexPool 0 & M (XXXXX0002)-Fire Operating Cash
Restricted -
Unable to be spent
Unrestricted-
Available for
spending
Total in Accounts
(Restricted &
Unrestricted)
1 35-1 02 50
TexPool 0 & M (XXXXX0002)-General Fund Operating ***
Prosperity Bank (XXX8701) Fire Operating
$0
$2,852,451
$2,852,451
1 35-1 03 00
Prosperity Bank (XXX8701) General Fund Operating
*
$146,080
$5,166,102
$5,312,182
1 35-1 03 05
Prosperity Bank Reserve -Savings Acct (XXXXX7724)
$1,952,291
$0
$1,952,291
135-11100
Petty Cash Administration
$0
$150
$150
1 35-1 11 50
Petty Cash Utility Billing
$0
$450
$450
1 37-1 02 50
TexPool 0 & M (XXXXX0002) GASB Replacement
$3,898,891
$0
$3,898,891
51 9-1 03 00
Prosperity Bank (XXX8701) SWIFT
$85,052
$0
$85,052
51 9-111 55
Cash -Bond Escrow Bank of Texas (SWIFT)
$826,732
$0
$826,732
520-1 02 50
Texpool Revenue Bond Water & Waste Water Systems 2019 (XXXXX018)
$1,195,080
$0
$1,195,080
520-1 03 00
Prosperity Bank Construction Water & Waste Water Systems 2019
$0
$0
$0
528-1 02 50
TexPool Revenue Bond Reserve (XXXXX014) WWTP Improvements
$955,148
$0
$955,148
533-1 02 50
TexPool Tax I & S (XXXXX0003)
$230,002
$0
$230,002
533-1 03 00
Prosperity Bank (XXX8701) Tax I&S
$0
$0
$0
534-10250
TexPool Revenue I & S (XXXXX013) WWTP Improvements
$207,364
$0
$207,364
535-10250
Texpool Revenue I & S (XXXXX017) SWIFT
$86,973
$0
$86,973
536-10250
TexPool Revenue I & S (XXXXX020) Water & Waste Water Systems
$110,747
$0
$110,747
$8,019,153
$17,713,513
Amount available in cash for spending (MUD Accounts)
*12/31/2023 Customer Water Deposits $146,080
Fire Department Cash
$8,019,153
1 22-1 02 50
TexPool 0 & M (XXXXX0002)-Fire Operating Cash
$0
$1,022,924
$1,022,924
1 22-1 03 00
Prosperity Bank (XXX8701) Fire Operating
$0
$0
$0
$0
$1,022,924
$1,022,924
Amount available in cash for spending (Fire Department Accounts)
$1,022,924
General Fund 135 Available
$ 5,166,102 Prosperity General Fund
$ 2,852,451 Texpool General Fund
$ 600 Petty Cash
Total General Fund 135 Available for Spending $ 8,019,153
General Fund 135 Fund Balances
Nonspendable Fund Balance (Prepaids) $ 3,880
Assigned Fund Balance (FY2024 Capital Projects plus prior year carry forward) $ 6,516,007
Unassigned Fund Balance $ 4,187,684
Current Year Revenue/Expenses $ (553,327)
Total Nonspendable, Assigned & Committed Fund Balances - General Fund 135 $10,154,244
36 of 131
ebills
Bills Mailed
Bank Draft
Online Payments
Late Notices
Disconnects
Connections MUD
Connections Town
January 17, 2024 Regular Meeting Agenda Packet
December Utility Billing Report
Fiscal Year 2023 - 2024
December
2022
January
2023
February
2023
March
2023
April
2023
May
2023
June
2023
July
2023
August
2023
September
2023
October
2023
November
2023
December
2023
1,746
1,765
1,777
1,773
1,767
1,794
1,766
1,750
1,744
1,742
1,745
1,740
1,737
3,768
3,741
3,751
3,744
3,743
3,734
3,755
3,749
3,747
3,747
3,737
3,739
3,742
630
606
599
599
590
588
589
585
578
572
569
562
567
2,251
2,540
2,719
3,016
2,998
2,754
3,134
3,101
2,957
3,086
3,072
3,006
3,133
0
0
547
413
289
290
327
327
268
344
255
298
342
0
0
0
0
8
9
9
13
7
7
13
4
5
3,399
3,394
3,394
3,394
3,394
3,394
3,395
3,395
3,395
3,395
3,395
3,395
3,395
1,444
1,444
1,443
1,443
1,443
1,443
1,443
1,443
1,443
1,443
1,444
1,444
1,446
December Permits
Fiscal Year 2023 - 2024
Date of
Permit
Permit No.
Customer
Deposit
Due to FW
Water
Oversize
Meter
Plumbing
Inspections
Sewer
Inspections
Fire Line
Misc. Income
Total
12/8/2023
2024-02
$ 100.00
$ 4,396.00
$ 428.00
$ 150.00
$ 50.00
$ -
$ -
$ 5,124.00
12/21/2023
2024-03
$ 100.00
$ 4,396.00
$ 428.00
$ 150.00
$ 50.00
$ -
$ -
$ 5,124.00
Total
$ 200.00
$ 8,792.00
$ 856.00
$ 300.00
$ 100.00
$ -
$ -
$ 10,248.00
37 of 131
IWHEN EXPERIENCE, REPUTATION AND PERFORMANCE MATTER
1?3
PERDUE BRANDON
FIELDERCOLLINS&MOTT LLP
ATTORNEYS AT LAW
January 17, 2024 Regular Meeting Agenda Packet
COLLECTION REPORT TO THE
TROPHY CLUB MUNICIPAL UTILITY
DISTRICT No. 1
Submitted by: Alison Callison /Andrew Brink
500 East Border Street, Suite 640
Arlington, Texas 76010
www.pbfcm.com
January 2024
2022 TAX YEAR ANALYSIS
Delinquent Turnover
Original Tax
Levy
Adj.
Delinquent
July 1, 2023
Turnover
• $1,959,930
• $21,240
• 1.08%
January 17, 2024 Regular Meeting Agenda Packet
0
• Collected • Delinquent
98.92% 1.08%
Source: Denton County Tax ONcR,1'par-To-Date Summary Reports. 2
Perdue Brandon Fielder Collins & Mott, LLP
January 17, 2024 Regular Meeting Agenda Packet
It
2022 TAX YEAR - DELINQUENT COLLECTIONS
N
July 1, 2023 - December 31, 2023
Adj. July 1
Turnover
Base Tax
Collected
Base Tax
Remaining
• $21,240
• $18,204
• 85.70%
• $3,037
Base Tax Only - No Penalties or Interest Added
$3,037
Collected
$18,204
Source: Denton County Tax Office, Year -To -Date Summary Rep -.1Tcyrnover Accounts for Adjustments. Base Taxes Only - No Penalties or
Interest Added. Perdue Brandon Fielder Collins & Mott, LLP
January 17, 2024 Regular Meeting Agenda Packet
P13
ACCOUNT BREAKDOWN CHART
In Trust, $0.90, 0.0%
In Bankruptcy, $122.63,
0.9%
Action Pending,
$2,862.58, 21.0%
In Deferral, $7,593.25,
55.7%
In Uncollectable,
$1,595.50, 11.7%
In Litigation, $1,449.45,
10.6%
As of 1/3/2024 - Total Base Tax: $13,624 (2022 Tax Year & Prior)
Action Pending Accounts: Notification Letters, Telephone CLRIgt qns, Lienholder Notification, Title Research, Property Inspection
and Payment Agreements. Source: Perdue Brandon tape download on 4/5/23 from the Denton County Tax Office.
January 17, 2024 Regular Meeting Agenda Packet
it3
PERDUE BRANDON
FIELDERCDLLINS&MDTT LLP
ATTORNEYS AT LAW
AUTHORITY ACTIVITY ANALYSIS
TROPHY CLUB MUNICIPAL UTILITY DISTRICT #1 As Of 1/2/2024, Tax Years Between 1997 And 2022
Description
# Properties
Pct Of Total
Base Tax Amount
Pct Of Total
In Bankruptcy
In Trust
In Deferral
In Litigation
In Uncollectable
Action Pending
1
2
3
4
18
38
1.52%
3.03%
4.55%
6.06%
27.27%
57.58%
$122.63
$0.90
$7,593.25
$1,449.45
$1,595.50
$2,862.58
0.90%
0.01%
55.73%
10.64%
11.71%
21.01%
Totals
66
100.00%
$13,624.31
100.00%
Dollar Range
# Properties
Pct Of Total
Base Tax Amount
Pct Of Total
$0.01 - $100.00
$100.01 - $250.00
$250.01 - $500.00
$500.01 - $1000.00
$1000.01 - $2500.00
$2500.01 - $5000.00
Totals
46
6
6
1
2
1
62
74.19%
9.68%
9.68%
1.61%
3.23%
1.61%
100.00%
$713.06
$1,085.92
$2,016.69
$755.92
$4,188.70
$4,864.02
$13,624.31
5.23%
7.97%
14.80%
5.55%
30.74%
35.70%
100.00%
Year
# Transaction
Pct Of Total
Base Tax Amount
Pct Of Total
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
1
1
1
8
10
10
6
8
8
11
12
15
27
0.85%
0.85%
0.85%
6.78%
8.47%
8.47%
5.08%
6.78%
6.78%
9.32%
10.17%
12.71%
22.88%
$414.60
$378.65
$295.79
$786.42
$858.30
$502.72
$485.70
$924.62
$1,283.95
$1,400.47
$1,584.57
$1,778.66
$2,929.86
3.04%
2.78%
2.17%
5.77%
6.30%
3.69%
3.56%
6.79%
9.42%
10.28%
11.63%
13.06%
21.50%
Totals 118 100.00% $13,624.31 100.00%
**Number of properties may differ in the first two sections because a property may reside in more than one category in the first section.
42 of 131
Top Tax Due Report
Top 100 Percent Properties - TROPHY CLUB MUNICIPAL UTILITY DISTRICT #1
GEO Code Legal Description
January 17, 2024 Regular Meeting Agenda Packet
Status LPBD
71012DEN TROPHY CLUB #10 LOT 1219 ACRES: 0.235000 DEFE D
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
968 BOREN BENJAMIN C & BEVERLY C N/A 2010-2021 $4,447.01 $6,341.92
71779DEN TROPHY CLUB # 2 LOT 77 ACRES: 0.253600 DEFE D
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
91176 PARROW JAMES J & ELENA N/A 2017-2021 $1,990.28 $2,371.81
650109DEN PERSONAL PROPERTY - DENTIST LOCATION: 925 TROPHY CLUB DR <none>,UP L
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
90829 MEMBERS ONLY DENTAL PA N/A 2018-2021 $1,476.01 $2,720.17
11514221TAR
Taxpayer #
59
DIEGO'S TEX MEX KITCHEN PERSONAL PROPERTY TANGIBLE
Taxpayer Name
SUMMERS, JAMES M
BKR,SUIT,UP
Primary Phone Years Tax Due Total Due
N/A 2013-2014 $455.51 $1,233.78
526096DEN CHURCHILL DOWNS BLK A LOT 1 ACRES: 0.258300 <none>,EMP,PPAY
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
895 SEAY MARK SR & TERRI N/A 2020 $318.84 $566.26
620602DEN PERSONAL PROPERTY - DENTIST OFFICE LOCAITON : 301 TROPHY LAKE <none>,SUIT
Taxpayer # Taxpayer Name Primary Phone
1560 BURGAR BRANDON N/A
L
Years Tax Due Total Due
2013-2014 $310.41
$839.80
926478DEN PERSONAL PROPERTY - CHIROPRACTOR LOCATION : 100 TROPHY CLUB <none>,SUIT,UP
Taxpayer # Taxpayer Name Primary Phone
1242 FORD LESLIE N/A
L
Years Tax Due Total Due
2013-2017 $297.77
$735.32
11514205TAR WEINBERGERS DELICATESSEN PERSONAL PROPERTY TANGIBLE <none>,SUIT,UP
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
58 WEINBERGER DELI TWO LLC N/A 2016-2019 $297.12 $619.02
339971DEN PERSONAL PROPERTY - AIRCRAFT CESSNA 150L 1972-N5428Q LOCATION : SUIT
Taxpayer # Taxpayer Name Primary Phone
759 MORRISON AVIATION LLC N/A
L
Years Tax Due Total Due
2013-2021 $247.57
$551.96
71082DEN TROPHY CLUB #10 LOT 1249 ACRES: 0.286000 TPAY
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
93518 CULPEPPER LEE & ADRIANNE BEHR N/A 2021 $193.03 $315.03
676474DEN PERSONAL PROPERTY - DRY CLEANERS LOCATION: 2003 SH 114 STE 390 <none>
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
90856 J.A.E.H.K. INC N/A 2018-2021 $139.49 $257.56
72034DEN TROPHY CLUB # 4 LOT 333 ACRES: 0.361600 BKR,EMP
Taxpayer # Taxpayer Name Primary Phone
1219 BINGHAM GENE C N/A
B
Years Tax Due Total Due
2021 $122.63
$200.13
42641576TAR KNOLLS AT SOLANA BLOCK B LOT 23 ACRES: 0.247900 <none>
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
93256 MAYA WALDEMAR N/A 2021 $91.87 $149.93
336817DEN PERSONAL PROPERTY - DRY CLEANERS DROP OFF LOCATION : 2003 SH UP
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
1164 WALJI SHANIF M N/A 2014-2015 $45.93 $117.67
14318755TAR DYNAMIC ACTION PERSONAL PROPERTY TANGIBLE COMMERCIAL <none>
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
92920 DYNAMIC ACTION INC N/A 2021 $36.66 $59.83
633172DEN PERSONAL PROPERTY - AUDIOLOGISTS LOCATION: 501 TROPHY LAKE UP
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
1730 EARCARE HEARING AIDS N/A 2014-2015 $35.18 S90.13
469054DEN PERSONAL PROPERTY - RETAIL STORE LOCATION: 301 TROPHY LAKE DR UP
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
1184 VERIZON N/A 2013 $30.81 $85.78
14265180TAR FUSE ENERGY LLC PERSONAL PROPERTY TANGIBLE COMMERCIAL <none>
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
91517 FUSE ENERGY LLC N/A 2021 $26.93 $43.95
563646DEN PERSONAL PROPERTY - MISC PERSONAL SERVICE LOCATION: 2003 SH UP
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
1711 STYLES OF INDIA N/A 2015-2016 $20.23 $48.93
499622DEN PERSONAL PROPERTY - HAIR SALON LOCATION: 2001 W SH 114, STE 150, UP
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
1530 DESIRE SALON & SPA N/A 2013 $16.51 $45.96
723199DEN PERSONAL PROPERTY - INSURANCE AGENT LOCATION: 2101 SH 114 STE <none>
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
91433 MILLER CRAIG N/A 2019-2021 $14.45 $25.70
682747DEN PERSONAL PROPERTY - RESTAURANT LOCATION: 301 TROPHY LAKE DR <none>
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
91619 7 MILES TASTE GROUP INC N/A 2019 $14.43 $27.71
43 of 131
Page 1
676479DEN PERSONAL PROPERTY - DANCE & MUSIC LESSONS LOCATION: 905 <none>
Taxpayer # Taxpayer Name Pri 202Vnular McIlli eq endTdP��di'IF�et
90858 FULLER CHRISTINA N/A 2020-2021 $74.38 $24.52
13442112TAR HEART TEST LABORATORIES PERSONAL PROPERTY TANGIBLE UP
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
91068 HEART TEST LABORATORIES INC N/A 2017-2019 $12.32 $24.57
72303DEN TROPHY CLUB # 6 LOT 528 ACRES: 0.266100 <none>
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
91664 TABER JOHN K N/A 2020 $9.15 $15.59
659388DEN PERSONAL PROPERTY - BUSINESS SERVICES LOCATION: 99 TROPHY UP
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
91141 CHIP MUNDY INC N/A 2017 $4.85 $10.71
566115DEN PERSONAL PROPERTY - BUSINESS SERVICES LOCATION: 99 TROPHY UP
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
1555 DONNA & ASSOCIATES N/A 2013 $4.40 $12.25
679913DEN PERSONAL PROPERTY - OFFICE LOCATION: 99 TROPHY CLUB DR <none>
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
91389 SMITH CLINICAL SERVICES PLLC N/A 2019 $4.31 $8.28
659398DEN PERSONAL PROPERTY - BUSINESS SERVICES LOCATION: 99 TROPHY UP
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
90372 RAY DERSTEIN N/A 2015 $3.61 $9.01
701746DEN PERSONAL PROPERTY - SPECIAL TRADE CONTRACTORS: 99 TROPHY <none>
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
93483 GRAY CAROL N/A 2021 $3.50 $5.71
13730967TAR RANDSTAD RANDSTAD US LP PERSONAL PROPERTY TANGIBLE UP
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
90303 RANDSTAD US LP N/A 2014-2015 $2.76 $6.95
727270DEN PERSONAL PROPERTY - INSURANCE OFFICE LOCATION: 100 INDIAN <none>
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
92609 FOLEY BEVERLY N/A 2020-2021 $1.98 $3.38
943642DEN PERSONAL PROPERTY - BUSINESS SVCS LOCATION: 100 INDIAN CREEK <none>
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
91198 ERIC RANSLEBEN N/A 2021 $1.86 $3.04
314763DEN PERSONAL PROPERTY - LEASED EQUIPMENT <none>
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
298 NORTHERN LEASING SYSTEMS INC N/A 2020 $0.68 $1.21
14461451TAR DELL MARKETING LP VARX COMMERCIAL UP
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
91207 DELL MARKETING LP N/A 2016 $0.61 $1.34
624324DEN A0821A J.R. MICHAEL TR 1A(2) .09 ACRES ACRES: 0.090000 E
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
1628 TROPHY CLUB TOWN OF N/A 2014 $0.48 $1.27
624325DEN A0821A J.R. MICHAEL TR 1A(3) .081 ACRES ACRES: 0.081000 E
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
1628 TROPHY CLUB TOWN OF N/A 2014 $0.42 $1.11
42345560TAR WESTLAKE ENTRADA BLOCK I LOT 13 REF PLAT D218192054 <none>
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
91351 JJP TREVI LLC N/A 2018 $0.19 $0.39
14381350TAR SONIFI SOLUTIONS INC VARX COMMERCIAL UP
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
1290 SONIFI SOLUTIONS INC N/A 2015 $0.15 $0.34
13661787TAR NATIONAL DEFAULT TITLE PERSONAL PROPERTY TANGIBLE UP
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
1638 NATIONAL DEFAULT TITLE SERVICE N/A 2017 $0.07 $0.15
14448870TAR NEOPOST USA INC VARX COMMERCIAL UP
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
91049 NEOPOST USA INC N/A 2015 $0.04 $0.09
198454DEN LAKES OF TROPHY CLUB PH 1 BLK 5 LOT 11 ACRES: 0.160300 <none>,QPAY
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
91092 VILORIA PHILIP A & JOANNE N/A 2019 $0.01 $0.02
308380DEN EAGLES RIDGE PH II BLK B LOT 5 ACRES: 0.305700 QPAY
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
91720 HAFIZ ARIF & FATIMA LIVING TRUST N/A 2020 $0.01 $0.02
44 of 131
Page 2
Top Tax Due Report
Top 100 Percent Properties - TROPHY CLUB MUNICIPAL UTILITY DISTRICT #1
January 17, 2024 Regular Meeting Agenda Packet
GEO Code Legal Description Status LPBD
661454DEN CANTERBURY HILLS PHASE 3 BLK F LOT 20 ACRES: 0.278900 <none>
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
94052 HARRISON CARL O & KATRINA A N/A 2022 $755.92 $1,124.81
71012DEN TROPHY CLUB #10 LOT 1219 ACRES: 0.235000 DEFE D
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
968 BOREN BENJAMIN C & BEVERLY C N/A 2022 $417.01
$436.11
71779DEN TROPHY CLUB # 2 LOT 77 ACRES: 0.253600 DEFE D
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
91176 PARROW JAMES J & ELENA N/A 2022 $401.91
$420.32
40758281TAR TROPHY CLUB # 9 LOT 723 ACRES: 0.236200 DEFE D
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
93245 PARKER CHARLES 3 AND PARKER SYLVIA A N/A 2022 $337.04
$352.48
650109DEN PERSONAL PROPERTY - DENTIST LOCATION: 925 TROPHY CLUB DR <none>,UP L
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
90829 MEMBERS ONLY DENTAL PA N/A 2022 $320.50
$476.90
189787DEN LAKESIDE AT TROPHY CLUB BLK B LOT 1 ACRES: 0.229400 <none>,PPAY,TPAY
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
90619 WILLIAMS JEFFREY O & LARISSA N/A 2022 $212.08 $315.58
71140DEN TROPHY CLUB # 8 LOT 655 ACRES: 0.196700 <none>
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
94075 PAGE DAVID HOGAN & PAGE AARON COOPER N/A 2022 $90.43 $134.56
991023DEN PERSONAL PROPERTY - RESTAURANT LOCATION: 2550 BOBCAT BLVD <none>
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
94160 MARCO'S PIZZA N/A 2022 $85.58 $127.34
42641576TAR KNOLLS AT SOLANA BLOCK B LOT 23 ACRES: 0.247900 <none>
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
93256 MAYA WALDEMAR N/A 2022 $79.25 $117.92
12705160TAR CAVOK SOLUTIONS PERSONAL PROPERTY TANGIBLE COMMERCIAL <none>
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
91514 MERCER MANAGEMENT CONSULTING N/A 2022 $73.26 S109.01
14836446TAR COASTAL BROKERS INSURANCE INC PERSONAL PROPERTY TANGIBLE <none>
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
93910 COASTAL BROKERS INSURANCE INC N/A 2022 $45.19 $67.24
722632DEN PERSONAL PROPERTY - MORTGAGE COMPANY LOCATION: 2550 BOBCAT <none>
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
91431 IMAX MORTGAGE LLC N/A 2022 $23.34 $34.73
929538DEN PERSONAL PROPERTY - DONUT SHOP LOCATION: 301 TROPHY LAKE DR <none>
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
112 HOT & CREAMY DONUTS N/A 2022 $23.11 534.39
14689532TAR CROSSFIT SPT PERSONAL PROPERTY TANGIBLE COMMERCIAL <none>
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
92190 RUTLEDGE SHANNON AND GARNER KASIE N/A 2022 $20.41 $30.37
14345060TAR BROKER ONLINE EXCHANGE LLC PERSONAL PROPERTY TANGIBLE <none>
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
93904 BROKER ONLINE EXCHANGE LLC N/A 2022 $10.85 $16.14
14265180TAR FUSE ENERGY LLC PERSONAL PROPERTY TANGIBLE COMMERCIAL <none>
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
91517 FUSE ENERGY LLC N/A 2022 $10.43 $15.52
676479DEN PERSONAL PROPERTY - DANCE & MUSIC LESSONS LOCATION: 905 <none>
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
90858 FULLER CHRISTINA N/A 2022 $6.15 $9.15
776375DEN PERSONAL PROPERTY - ACCOUNTING AUDITING & BOOKKEEPING <none>
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
92697 KENNETH ARMSTRONG N/A 2022 $5.61 $8.35
723199DEN PERSONAL PROPERTY - INSURANCE AGENT LOCATION: 2101 SH 114 STE <none>
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
91433 MILLER CRAIG N/A 2022 $4.05 $6.03
701746DEN PERSONAL PROPERTY - SPECIAL TRADE CONTRACTORS: 99 TROPHY <none>
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
93483 GRAY CAROL N/A 2022 $3.01 $4.48
676473DEN PERSONAL PROPERTY - PERSONAL TRAINER SERVICES LOCATION: 2003 <none>
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
90855 THE FORCE BY LUKE N/A 2022 $2.21 $3.29
14881042TAR CARDTRONICS USA INC VARX COMMERCIAL <none>
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
93915 CARDTRONICS USA INC N/A 2022 $1.49 $2.22
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Page 1
676477DEN PERSONAL PROPERTY - MEDICAL OFFICE LOCATION: 300 TROPHY CLUB <none>
Taxpayer # Taxpayer Name P.LYifir7 20241Vgular MegAgendiPS&Lt
91387 TRUE MEDICINE PA N/A 022 $0.95 $1.41
70627DEN LAKE FOREST VILLAGE PH 3 LOT 91 ACRES: 0.280100 <none>
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
94068 FRANKLIN G HOYT JR & WANDA N/A 2022 $0.03 $0.04
71301DEN TROPHY CLUB # 9 LOT 764R (PT) (DENTON CO PART) ACRES: 0.006800 <none>
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
91417 WHITE VICTORIA N/A 2022 $0.02 $0.03
72533DEN TROPHY CLUB # 3 LOT 270 ACRES: 0.439000 <none>,QPAY,UP
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
1256 YOMINE DANIEL F & JULIA A N/A 2022 $0.02 $0.03
70726DEN TROPHY CLUB #11 LOT 1467 ACRES: 0.293800 <none>,QPAY
Taxpayer # Taxpayer Name Primary Phone Years Tax Due Total Due
90912 RUANGSKUL VERONICA IND EXECUTOR FOR BOWO N/A 2022 $0.01 $0.01
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Page 2
January 17, 2024 Regular Meeting Agenda Packet
Deferral Detail Report
Locator: Denton Tax
Clients: Trophy Club MUD 1
TP # Taxpayer Name
Base Due
93245 PARKER CHARLES J AND PARKER SYLVIA A
GEO Code Client Name
40758281TAR Trophy Club MUD 1
Tax Year Status Tran Type Start Date End Date Condition Base Tax
2022 DEFE TAX 12/06/2021 12/01/2099 Defer $337.04
Property Base Due $337.04
Taxpayer Base Due $337.04
968 BOREN BENJAMIN C & BEVERLY C
GEO Code Client Name Tax Year Status Tran Type Start Date End Date Condition Base Tax
71012DEN Trophy Club MUD 1 2010 DEFE TAX 06/30/2010 12/01/2099 Defer $414.60
71012DEN Trophy Club MUD 1 2011 DEFE TAX 06/30/2010 12/01/2099 Defer $378.65
71012DEN Trophy Club MUD 1 2012 DEFE TAX 06/30/2010 12/01/2099 Defer $295.79
71012DEN Trophy Club MUD 1 2013 DEFE TAX 06/30/2010 12/01/2099 Defer $300.56
71012DEN Trophy Club MUD 1 2014 DEFE TAX 06/30/2010 12/01/2099 Defer $325.30
71012DEN Trophy Club MUD 1 2015 DEFE TAX 06/30/2010 12/01/2099 Defer $355.07
71012DEN Trophy Club MUD 1 2016 DEFE TAX 06/30/2010 12/01/2099 Defer $367.89
71012DEN Trophy Club MUD 1 2017 DEFE TAX 06/30/2010 12/01/2099 Defer $385.38
71012DEN Trophy Club MUD 1 2018 DEFE TAX 06/30/2010 12/01/2099 Defer $380.30
71012DEN Trophy Club MUD 1 2019 DEFE TAX 06/30/2010 12/01/2099 Defer $404.59
71012DEN Trophy Club MUD 1 2020 DEFE TAX 06/30/2010 12/01/2099 Defer $401.84
71012DEN Trophy Club MUD 1 2021 DEFE TAX 06/30/2010 12/01/2099 Defer $437.04
71012DEN Trophy Club MUD 1 2022 DEFE TAX 06/30/2010 12/01/2099 Defer $417.01
Property Base Due $4,864.02
Taxpayer Base Due $4,864.02
91176 PARROW JAMES J & ELENA
GEO Code Client Name Tax Year Status Tran Type Start Date End Date Condition Base Tax
71779DEN Trophy Club MUD 1 2017 DEFE TAX 11/03/2017 12/01/2099 Defer $335.57
71779DEN Trophy Club MUD 1
2018 DEFE TAX
11/03/2017 12/01/2099 Defer $412.53
71779DEN Trophy Club MUD 1
2019 DEFE TAX
11/03/2017 12/01/2099 Defer $416.50
71779DEN Trophy Club MUD 1
2020 DEFE TAX
11/03/2017 12/01/2099 Defer $404.55
71779DEN Trophy Club MUD 1
71779DEN Trophy Club MUD 1
2021 DEFE TAX
11/03/2017 12/01/2099 Defer $421.13
2022 DEFE TAX
11/03/2017 12/01/2099 Defer $401.91
Property Base Due $2,392.19
Taxpayer Base Due $2,392.19
Total Base Due $7,593.25
Page 1 of 1
47 of 131
Restricted/
Unrestricted
Unrestricted- 135
Unrestricted- 122
Restricted- 519
Restricted- 533
Unrestricted- 135
Restricted- 122
Restricted- 137
Restricted- 533
Restricted- 534
Restricted- 528
Restricted- 519
Restricted- 535
Restricted- 520
Restricted- 536
Restricted
Restricted- 519
EARNINGS SUMMARY
Trophy Club Municipal Utility District No. 1
Quarterly Investment Report
For Ending Period 12/31/2023 (October, November, and December)
Account or
CUSIP
Checking & Money Market Accounts
XXXX2660
XXXX2660
XXXX2660
XXXX2660
Pools & Funds
XXXXX0002
XXXXX0003
XXXXX00013
XXXXX00014
XXXXX00015
XXXXX00017
XXXXX00018
XXXXX00020
Savings Accounts
XXXXX7724
Escrow/ Treasuries
82-1747-01-1
CD'S
US Agencies
NONE
NONE
Sec
Type
Prosperity Bank Consolidated Cash -General Fund
Prosperity Bank Consolidated Cash -Fire Dept
Prosperity Bank Consolidated Cash -Tax SWIFT
Prosperity Bank Consolidated Cash -Tax I&S
TexPool Municipal Fund -Operating
TexPool Municipal Fund -Fire Dept
TexPool Municipal Fund -GASB Replacement
TexPool Tax Debt Service
Texpool Revenue Bond I&S
Texpool Revenue Bond Reserve
Texpool Revenue Bond Construction -SWIFT
Texpool Revenue Bond I&S-SWIFT
Texpool Revenue Bond Construction Series 2019
Texpool Revenue Bond I&S Series 2019
Prosperity Bank Cash Reserve- Money Mkt
Revenue Bond Series 2016 Escrow- BOK
Par
$ 5,312,182
$ 85,052
$ 2,852,451
$ 1,022,924
$ 3,898,891
$ 230,002
$ 207,364
$ 955,148
$ 86,973
$ 1,195,080
$ 110,747
$ 1,952,291
$ 826,732
$ 18,735,837
Rate / Call
Cou.on Maturi Date
0.000% N/A N/A
0.000% N/A N/A
0.000% N/A N/A
0.000% N/A N/A
0.000% N/A N/A
0.000% N/A N/A
0.000% N/A N/A
0.000% N/A N/A
0.000% N/A N/A
0.000% N/A N/A
0.000% N/A N/A
0.000% N/A N/A
0.000% N/A N/A
0.000% N/A N/A
0.000% N/A N/A
Purchase
Price
100.000
100.000
100.000
100.000
Yield %
January 17, 2024 Regular Meeting Agenda Packet
I certify that this Investment Report complies with requirements of TCMUD's
Investment Policy and the Public Funds Act.
Prepared By
Investment Officer
Steven Krolczyk
DATE
Alan Fourmentin
DATE
Beginning Book
9/30/2023
0.35% $
0.35% $
0.35% $
0.35% $
Beginning Market
9/30/2023
Ending Book
12/31/2023
Ending Market
12/31/2023
Gain/Loss
End MV -End BV
4,279,206 $ 4,279,206 $ 5,312,182 $ 5,312,182 0.00
12,305 $ 12,305 $ - $ - 0.00
- $ - $ 85,052 $ 85,052 0.00
- $ $ - $ - 0.00
100.000 5.38% $ 3,647,646 $ 3,647,646 $ 2,852,451 $ 2,852,451 0.00
100.000 5.38% $ 746,977 $ 746,977 $ 1,022,924 $ 1,022,924 0.00
100.000 5.38% $ 3,258,147 $ 3,258,147 $ 3,898,891 $ 3,898,891 0.00
100.000 5.38% $ 85,835 $ 85,835 $ 230,002 $ 230,002 0.00
100.000 5.38% $ 39,137 $ 39,137 $ 207,364 $ 207,364 0.00
100.000 5.38% $ 942,343 $ 942,343 $ 955,148 $ 955,148 0.00
100.000 5.38% $ - $ - $ - $ 0.00
100.000 5.38% $ 11,714 $ 11,714 $ 86,973 $ 86,973 0.00
100.000 5.38% $ 1,179,059 $ 1,179,059 $ 1,195,080 $ 1,195,080 0.00
100.000 5.38% $ 6,476 $ 6,476 $ 110,747 $ 110,747 0.00
100.000 3.20% $ 1,936,872 $ 1,936,872 $ 1,952,291 $ 1,952,291 0.00
4.77% $ 817,017 $ 817,017 $ 826,732 $ 826,732 0.00
$ 16,962,734 $ 16,962,734 $ 18,735,837 $ 18,735,837 $
Restricted/
Unrestricted
Unrestricted- 135
Unrestricted- 122
Restricted- 519
Restricted- 533
Unrestricted- 135
Restricted- 533
Restricted- 534
Restricted- 528
Restricted- 519
Restricted- 535
Restricted- 520
Restricted- 536
Restricted
Restricted- 519
Settle Date
Sec Type
Account Number
Par
Coupon
Maturity
Qtr. Accrued Qtr. Amort. Total Qtr. Earnings
Checking & Money Market Accounts
Pools & Funds
Savings Accounts
Escrows/ Treasuries
CD'S
NONE
US Agencies
NONE
Prosperity Bank Consolidated Cash -General Fund
Prosperity Bank Consolidated Cash -Fire Dept
Prosperity Bank Consolidated Cash -SWIFT
Prosperity Bank Consolidated Cash -Tax I&S
TexPool Municipal Fund
TexPool Tax Debt Service
Texpool Revenue Bond I&S
Texpool Revenue Bond Reserve
Texpool Revenue Bond Construction -SWIFT
Texpool Revenue Bond I&S-SWIFT
Texpool Revenue Bond Construction Series 2019
Texpool Revenue Bond I&S Series 2019
Prosperity Bank Cash Reserve- Money Mkt
Revenue Bond Series 2016 Escrow- BOK
PAR for this report is the statement balance on the last day of the quarter
XXXX2660
XXXX2660
XXXX2660
XXXX2660
XXXXX0002
XXXXX0003
XXXXX00013
XXXXX00014
XXXXX00015
XXXXX00017
XXXXX00018
XXXXX00020
XXXXX7724 $
82-1747-01-1 $
5,312,182 N/A N/A
N/A N/A
85,052 N/A N/A
N/A N/A
7,774,266 N/A N/A
230,002 N/A N/A
207,364 N/A N/A
955,148 N/A N/A
- N/A N/A
86,973 N/A N/A
1,195,080 N/A N/A
110,747 N/A N/A
1,952,291 N/A N/A
826,732 N/A N/A
48 of 131
$ 4,680
$ 101,461
$ 1,523
$ 1,417
$ 12,805
$ 555
$ 16,022
$ 638
$ 15,419
$ 9,716
N/A $ 4,680
N/A $
N/A $
N/A $
N/A $ 101,461
N/A $ 1,523
N/A $ 1,417
N/A $ 12,805
NA $ -
NA $ 555
NA $ 16,022
NA $ 638
N/A $ 15,419
N/A $ 9,716
$ 164,234 N/A $ 164,234
January 17, 2024 Regular Meeting Agenda Packet
REGULAR MEETING MINUTES
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
BOARD OF DIRECTORS
December 13, 2023, at 6:30 p.m.
Trophy Club Municipal Utility District No. 1 Board of Directors, of Denton and Tarrant Counties, met in a
regular session meeting on December 13, 2023, at 6:30 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
COUNTIES OF DENTON AND TARRANT §
BOARD MEMBERS PRESENT:
Kevin R. Carr
Ben Brewster
Doug Harper
William C. Rose
STAFF PRESENT:
Alan Fourmentin
Laurie Slaght
Mike McMahon
Steven Krolczyk
Emily Rodgers
President
Vice President
Secretary/Treasurer via Zoom
Director
General Manager
District Secretary
Operations Manager
Finance Manager
General Legal Counsel
CALL TO ORDER AND ANNOUNCE A QUORUM
President Carr announced the date of December 13, 2023, called the meeting to order and announced a
quorum present at 6:31 p.m.
CITIZEN COMMENTS
Jim Thomas 7 Meadowbrook Lane
REPORTS & UPDATES
1. Staff Reports
a. Capital Improvement Projects
General Manager Alan Fourmentin presented the staff reports and answered questions related thereto.
CONSENT AGENDA
2. Consider and act to approve the Consent Agenda.
a. November 15, 2023, Regular Meeting minutes
b. November 28, 2023, Special Meeting minutes
Director Rose removed item a. November 15, 2023, Regular Meeting minutes for discussion.
Motion made by Director Rose and seconded by Director Brewster to approve item b. November 28, 2023,
meeting minutes.
49 of 131
January 17, 2024 Regular Meeting Agenda Packet
Motion carried unanimously
Motion made by Director Rose and seconded by Director Brewster to approve item a. November 15, 2023,
meeting minutes as amended at the dais.
Motion carried unanimously
The Board convened into Executive Session at 6:46 p.m.
EXECUTIVE SESSION
3. Pursuant to Section 551.071 of the Texas Open Meetings Act, the Board may consult with its attorney in
Executive Session 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 or to seek advice of counsel on legal matters involving pending or contemplated litigation
or settlement offers:
a. Deliberations pursuant to Section 551.074(a)(1) of the Texas Open Meetings Act regarding
appointment, employment, evaluation, reassignment, duties, discipline, or dismissal of a public
officer or employee: Appointment of Director.
The Board reconvened into Regular Session at 7:32 p.m.
REGULAR SESSION
4. Consider and act to appoint a Director to Place 3 for a term ending in May of 2026.
Motion made by Director Brewster and seconded by Director Rose to appoint Jim Thomas to Place 3 for
the remainder of the term ending in May of 2026.
Motion carried unanimously
5. Consider and take appropriate action to appoint two (2) directors to serve on the Audit Committee.
Discussion only, no action taken.
6. Items for future agendas: Audit report
7. Next Regular Meeting date—January 17, at 6:30 p.m.
ADJOURN
President Carr called the meeting adjourned at 7:46 p.m.
50 of 131
Kevin R. Carr, President
Doug Harper, Secretary/Treasurer
Laurie Slaght, District Secretary
51 of 131
January 17, 2024 Regular Meeting Agenda Packet
(SEAL)
January 17, 2024 Regular Meeting Agenda Packet
Rod L. Abbott, CPA PLLC
Certified Public Accountant
January 17, 2024
To the Board of Directors of
Trophy Club Municipal Utility District No. 1
Trophy Club, Texas
I have audited the financial statements of the governmental activities, each major fund, and the aggregate
remaining fund information of the Trophy Club Municipal Utility District No. 1 (the "District") for the year
ended September 30, 2023. Professional standards require that I provide you with information about my
responsibilities under generally accepted auditing standards, as well as certain information related to the
planned scope and timing of my audit. I have communicated such information in my letter to you dated July
15, 2022. Professional standards also require that I communicate to you the following information related
to my audit.
Significant Audit Matters
Qualitative Aspects of Accounting Practices
Management is responsible for the selection and use of appropriate accounting policies. The significant
accounting policies used by the District are described in Note 1 to the financial statements. No new
accounting policies were adopted and the application of existing policies was not changed during the year
ended September 30, 2023. I noted no transactions entered into by the District during the year for which
there is a lack of authoritative guidance or consensus. All significant transactions have been recognized in
the financial statements in the proper period.
Accounting estimates are an integral part of the financial statements prepared by management and are based
on management's knowledge and experience about past and current events and assumptions about future
events. Certain accounting estimates are particularly sensitive because of their significance to the financial
statements and because of the possibility that future events affecting them may differ significantly from
those expected. The most sensitive estimate affecting the government -wide financial statements was:
Management's estimate of the useful lives of long-term assets for which to base
depreciation expense. The District's estimates are based on prior experience with actual
useful lives performance for District infrastructure, equipment, and other assets. I evaluated
the key factors and assumptions used to develop the useful lives estimates in determining
that they are reasonable in relation to the financial statements taken as a whole.
The financial statement disclosures are neutral, consistent, and clear.
Difficulties Encountered in Performing the Audit
I encountered no significant difficulties in dealing with management in performing and completing my
audit.
Corrected and Uncorrected Misstatements
Professional standards require me to accumulate all misstatements identified during the audit, other than
those that are clearly trivial, and communicate them to the appropriate level of management. Management
has corrected all material and immaterial misstatements as shown at Attachment 1.
P.O. Box 75 Tom Bean, TX. 75489 (214) 856-9603 rodabbottcpa@hotmail.com
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January 17, 2024 Regular Meeting Agenda Packet
Disagreements with Management
For purposes of this letter, a disagreement with management is a financial accounting, reporting, or auditing
matter, whether or not resolved to my satisfaction, that could be significant to the financial statements or
the auditor's report. I am pleased to report that no such disagreements arose during the course of my audit.
Management Representations
I have requested certain representations from management that are included in the management
representation letter dated January 17, 2024.
Management Consultations with Other Independent Accountants
In some cases, management may decide to consult with other accountants about auditing and accounting
matters, similar to obtaining a "second opinion" on certain situations. If a consultation involves application
of an accounting principle to the District's financial statements or a determination of the type of auditor's
opinion that may be expressed on those statements, my professional standards require the consulting
accountant to check with me to determine that the consultant has all the relevant facts. To my knowledge,
there were no such consultations with other accountants.
Other Audit Findings or Issues
I generally discuss a variety of matters, including the application of accounting principles and auditing
standards, with management each year prior to retention as the District's auditor. However, these
discussions occurred in the normal course of my professional relationship and my responses were not a
condition to my retention.
Other Matters
I applied certain limited procedures to management's discussion and analysis, the General Fund's budget
versus actual schedule, and the TCDRS pension and OPEB schedules, which are required supplementary
information (RSI) that supplements the basic financial statements. My procedures consisted of inquiries of
management regarding the methods of preparing the information and comparing the information for
consistency with management's responses to my inquiries, the basic financial statements, and other
knowledge I obtained during my audit of the basic financial statements. I did not audit the RSI and do not
express an opinion or provide any assurance on the RSI.
I was engaged to report on the individual schedules and other supplementary information required by the
Texas Commission on Environmental Quality, which accompany the financial statements, but are not RSI.
With respect to this supplementary information, I made certain inquiries of management and evaluated the
form, content, and methods of preparing the information to determine that the information complies with
accounting principles generally accepted in the United States of America, the method of preparing it has
not changed from the prior period, and the information is appropriate and complete in relation to my audit
of the financial statements. I compared and reconciled the supplementary information to the underlying
accounting records used to prepare the financial statements or to the financial statements themselves.
Restriction on Use
This information is intended solely for the information and use of the Board of Directors and management
of the Trophy Club Municipal Utility District No. 1 and is not intended to be, and should not be, used by
anyone other than these specified parties.
Very truly yours,
aouivt—
Rod L. Abbott, CPA PLLC
P.O. Box 75 Tom Bean, TX. 75489 (214) 856-9603 rodabbottcpa@hotmail.com
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ATTACHMENT 1
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
ADJUSTING AUDIT ENTRIES
FOR THE YEAR ENDED SEPTEMBER 30, 2023
AJE# DESCRIPTION
AJE #1 122-000-26000-000
122-000-31110-000
135-000-26000-000
135-000-31110-000
533-000-26000-000
533-000-31110-000
Inv in Uncollected Taxes/FD
Unassigned Fund Balance
Investmt in Uncollected Taxes
Unassigned Fund Balance
Investmt in Uncollected Taxes
Unassigned Fund Balance
DEBIT
6,868
2,088
3,383
CREDIT
6,868
2,088
3,383
12,339
To properly state beginning fund balances for fiscal year 2023.
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January 17, 2024 Regular Meeting Agenda Packet
TROPHY CLUB
MUNICIPAL UTILITY DISTRICT NO.1
AUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
SEPTEMBER 30, 2023
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ANNUAL FILING
AFFIDAVIT
THE STATE OF TEXAS }
COUNTY OF DENTON }
I, Kevin R. Carr
(Name of Duly Authorized Representative)
Of Trophy Club Municipal Utility District No. 1
(Name of District)
Hereby swear, or affirm, that the district named above has reviewed and approved at a meeting of
the Board of Directors of the District on the 17th day of January 2024, its annual audit report for
the fiscal year or period ended September 30, 2023 and that copies of the annual audit report have
been filed in the district office, located at 100 Municipal Drive, Trophy Club, Texas, 76262.
The annual filing affidavit and the attached copy of the annual audit report are being submitted to
the Texas Commission on the Environmental Quality in satisfaction of the annual fling
requirements of Texas Water Code Section 49.194.
Date: January 17 , 20 24 .
By:
(Signature of District Representative)
Kevin R. Carr, President, Board of Directors
(Typed Name & Title)
Sworn to and subscribed to before me this day of , 20
(SEAL)
(signature of notary)
My Commission Expires On: , 20
Notary Public in and for the State of Texas
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TROPHY CLUB
MUNICIPAL UTILITY DISTRICT NO.1
AUDITED FINANCIAL STATEMENTS
TABLE OF CONTENTS
Independent Auditor's Report
Required Supplementary Information
Management Discussion and Analysis .4
Basic Financial Statements
Government Wide Statements:
Statement of Net Position .1 1
Statement of Activities 12
Fund Financial Statements:
Balance Sheet - Governmental Funds 13
Reconciliation of the Balance Sheet of Governmental
Funds to the Statement of Net Position 14
Statement of Revenues and Expenditures, and Changes
in Fund Balances — Governmental Funds 15
Reconciliation of the Statement of Revenues, Expenditures,
and Changes in Fund Balances to the Statement of Activities 16
Notes to the Financial Statements 17
Required Supplementary Information
Schedule of Revenues, Expenditures, and Changes in Fund
Balance: Budgetary Comparison - General Fund ...36
Schedule of Changes in Net Pension Liability and Related Ratios 37
Schedule of Pension Contributions 38
Schedule of Changes in the Other Post -Employment Benefits (OPEB)
Liability and Related Ratios 39
Schedule of Other Post -Employment Benefits (OPEB) Contributions 40
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Other Supplementary Information
Individual Schedules and Other Supplementary Information Required by the Texas
Commission on Environmental Quality (TCEQ1
TSI -1 Service and Rates .41
TSI -2 General Fund Expenditures and Other Financing Uses 43
TSI -3 Temporary Investments 44
TSI -4 Taxes Levied and Receivables .45
TSI -5 Long -Term Debt Service Requirements - By Year 47
TSI -6 Changes in Long -Term Bonded Debt .50
TSI -7 Comparative Schedules of Revenues and Expenditures - Five Years 51
TSI -8 Board Members, Key Personnel, and Consultants 53
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Rod L. Abbott, CPA PLLC
Certified Public Accountant
INDEPENDENT AUDITOR'S REPORT
To the Board of Directors
Trophy Club Municipal Utility District No. 1
Trophy Club, Texas
Opinions
I have audited the accompanying financial statements of the governmental activities, each major fund, and
the remaining aggregate fund information of the Trophy Club Municipal Utility District No. 1 (the
"District"), as of and for the year ended September 30, 2023, and the related notes to the financial
statements, which collectively comprise the District's basic financial statements as listed in the table of
contents.
In my opinion, the financial statements referred to above present fairly, in all material respects, the
respective financial position of the governmental activities, each major fund, and the remaining aggregate
fund information of the Trophy Club Municipal Utility District No. 1 as of September 30, 2023, and the
respective changes in financial position for the year then ended in accordance with accounting principles
generally accepted in the United States of America.
Basis for Opinions
I conducted my audit in accordance with auditing standards generally accepted in the United States of
America. My responsibilities under those standards are further described in the Auditor's Responsibilities
for the Audit of the Financial Statements section of my report. I am required to be independent of the
District, and to meet my other ethical responsibilities, in accordance with the relevant ethical requirements
relating to my audit. I believe that the audit evidence I have obtained is sufficient and appropriate to provide
a basis for my audit opinions.
Responsibilities of Management for the Financial Statements
Management is responsible for the preparation and fair presentation of the financial statements in
accordance with accounting principles generally accepted in the United States of America, and for the
design, implementation, and maintenance of internal control relevant to the preparation and fair presentation
of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, management is required to evaluate whether there are conditions or
events, considered in the aggregate, that raise substantial doubt about the District's ability to continue as a
going concern for twelve months beyond the financial statement date, including any currently known
information that may raise substantial doubt shortly thereafter.
1
P.O. Box 75 Tom Bean, TX. 75489 (214) 856-9603 rodabbottcpa@hotmail.com
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Auditor's Responsibilities for the Audit of the Financial Statements
My objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes my
opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is
not a guarantee that an audit conducted in accordance with generally accepted auditing standards will
always detect a material misstatement when it exists. The risk of not detecting a material misstatement
resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery,
intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered
material if there is a substantial likelihood that, individually or in the aggregate, they would influence the
judgment made by a reasonable user based on the financial statements.
In performing an audit in accordance with generally accepted auditing standards, I:
• Exercise professional judgment and maintain professional skepticism throughout the audit.
• Identify and assess the risks of material misstatement of the financial statements, whether due to
fraud or error, and design and perform audit procedures responsive to those risks. Such procedures
include examining, on a test basis, evidence regarding the amounts and disclosures in the financial
statements.
• Obtain an understanding of internal control relevant to the audit in order to design audit procedures
that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the
effectiveness of the District's internal control. Accordingly, no such opinion is expressed.
• Evaluate the appropriateness of accounting policies used and the reasonableness of significant
accounting estimates made by management, as well as evaluate the overall presentation of the
financial statements.
• Conclude whether, in my judgment, there are conditions or events, considered in the aggregate, that
raise substantial doubt about the District's ability to continue as a going concern for a reasonable
period of time.
I am required to communicate with those charged with governance regarding, among other matters, the
planned scope and timing of the audit, significant audit findings, and certain internal control -related matters
that I identified during the audit.
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management's
discussion and analysis, General Fund budgetary comparison schedule, pension schedules, and other post -
employment benefit schedules be presented to supplement the basic financial statements. Such information
is the responsibility of management and, although not a part of the basic financial statements, is required
by the Governmental Accounting Standards Board, who considers it to be an essential part of financial
reporting for placing the basic financial statements in an appropriate operational, economic, or historical
context. I have applied certain limited procedures to the required supplementary information in accordance
with auditing standards generally accepted in the United States of America, which consisted of inquiries of
management about the methods of preparing the information and comparing the information for consistency
with management's responses to my inquiries, the basic financial statements, and other knowledge I
obtained during my audit of the basic financial statements. I do not express an opinion or provide any
assurance on the information because the limited procedures do not provide me with sufficient evidence to
express an opinion or provide any assurance.
2
P.O. Box 75 Tom Bean, TX. 75489 (214) 856-9603 rodabbottcpa@a hotmail.com
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Other Information
My audit was conducted for the purpose of forming an opinion on the basic financial statements of Trophy
Club Municipal Utility District No. 1. The Texas TCEQ Supplemental Information on pages 41-54 is
required by the Texas Commission on Environmental Quality as published in the Water District Financial
Management Guide. The Texas TCEQ Supplemental Information has not been subjected to the auditing
procedures applied in the audit of the basic financial statements, and accordingly, I do not express an
opinion or provide any assurance on it.
Sincerely,
Rod L. Abbott, CPA PLLC
Tom Bean, Texas
January 17, 2024
3
P.O. Box 75 Tom Bean, TX. 75489 (214) 856-9603 rodabbottcpa@hotmail.com
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TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
MANAGEMENT'S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED SEPTEMBER 30, 2023
Trophy Club Municipal Utility District No. 1, Texas (the "District") Management's Discussion and Analysis
(MD&A) is a narrative overview and analysis designed to provide the reader a means to identify and
understand the financial activity of the District and changes in the District's financial position during the
fiscal year ended September 30, 2023.
The Management's Discussion and Analysis is supplemental to, and should be considered along with, the
District's financial statements.
Financial Highlights
• At the close of the fiscal year, the assets and deferred outflows of the District exceeded its liabilities
and deferred inflows by $43,237,459. Of this amount, $14,909,747 is unrestricted net position
and may be used to meet the District's ongoing commitments.
• The District's net position increased by $4,163,010 during 2023. Significant contributors to this
result were water and wastewater charges exceeding their related departmental expenses by
$4,596,651.
• At the end of the fiscal year, the District's governmental type funds reported a combined fund
balance of $17,722,802. As of September 30, 2023, the unassigned fund balance of the General
Fund was $10,030,878. The unassigned fund balance is equal to 10.2 months of 2023 General Fund
expenditures and is considered a very healthy unassigned fund balance.
Overview of the Financial Statements
The MD&A is intended to introduce the reader to the District's basic financial statements, which are
comprised of three components: 1. Government -Wide Financial Statements, 2. Fund Financial Statements,
and 3. Notes to Basic Financial Statements. The report also contains other required supplementary
information in addition to the basic financial statements.
Government -Wide Financial Statements - the government -wide financial statements are designed to provide
the reader with a general overview of the District's finances in a way that is comparable with financial
statements from the private sector. The government -wide financial statements consist of two statements:
1. The Statement of Net Position - This statement presents information on all of the District's assets,
deferred inflows, deferred outflows, liabilities, and net position. The net position is the difference
between assets plus deferred outflows less deferred inflows plus liabilities. Over an extended
period, the increase or decrease in net position will serve as a good indicator of whether the financial
position of the District is improving or deteriorating.
2. The Statement of Activities — This statement gives information showing how the District's net
position has changed during the fiscal year. All revenues and expenses are reported on the full
accrual basis.
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January 17, 2024 Regular Meeting Agenda Packet
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
MANAGEMENT'S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED SEPTEMBER 30, 2023
Overview of the Financial Statements - Continued
Fund Financial Statements - Fund financial statements provide detailed information about the most
important funds and not about the District as a whole as in the government -wide financial statements.
The District uses fund accounting to demonstrate compliance with finance related legal requirements which
can be categorized as governmental fund activities.
Governmental Funds - All of the District's activities are reported in governmental funds. They are used to
account for those functions known as governmental activities. But unlike government -wide financial
statements, governmental fund financial statements focus on how monies flow into and out of those funds
and their resulting balances at the end of the fiscal year. Statements of governmental funds provide a detailed
short-term view of the District's general government operations and the basic services it provides. Such
information can be useful in evaluating a government's short-term financing requirements.
The District maintains three governmental funds. Information is presented separately in the Governmental
Funds Balance Sheet and in the Governmental Funds Statement of Revenues, Expenditures, and Changes
in Fund Balances for the General Fund, Debt Service Fund and Capital Projects Fund.
The District adopts an annual appropriated budget for the General Fund. A budgetary comparison
statement is provided for the General Fund to demonstrate compliance with its budget.
Notes to the Basic Financial Statements - The notes provide additional information that is essential to a full
understanding of the data presented in the government -wide and fund financial statements.
Government -wide Financial Analysis
The Management's Discussion and Analysis highlights the information provided in both the Statement of
Net Position and Statement of Activities in the government -wide financial statements. It may serve over an
extended period of time, as a useful indicator of the District's financial position. At the end of the fiscal year,
the District's assets and deferred outflows exceeded liabilities and deferred inflows by $43,237,459. Of this
amount, $27,323,898 (63%) reflects the District's investment in capital assets (e.g., land, buildings,
machinery and equipment, net of accumulated depreciation), less any related outstanding debt used to
acquire those assets and unspent bond proceeds, $1,003,815 (3%) restricted for debt service and capital
projects, and the remaining $14,909,747 (34%) is unrestricted.
2023 governmental activities have increased the District's net position by $4,163,010, which amounts
to a 10.6% increase in net position for the year ended September 30, 2023.
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TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
MANAGEMENT'S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED SEPTEMBER 30, 2023
Government -wide Financial Analysis — Continued
District operational analysis - The following table provides a summary analysis of the District's
Statements of Net Position for the fiscal years ending on September 30, 2023 and 2022.
Table 1
Condensed Statements of Net Position
Current and other assets
Capital assets
Total assets
Deferred outflows of resources
Long-term liabilities
Other liabilities
Total liabilities
Deferred inflows of resources
Governmental Activities
FY23 FY22
$ 18,827,852 $ 18,749,584
46,164,516 44,399,904
64,992,368 63,149,488
321,158 258,908
20,861,156 22,637,495
1,053,284 1,399,980
21,914,440 24,037,475
161,626 296,471
Net position:
Net investment in capital assets 27,323,898 23,922,288
Restricted 1,003,815 748,222
Unrestricted 14,909,747 14,403,939
Total net position $ 43,237,459 $ 39,074,449
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TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
MANAGEMENT'S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED SEPTEMBER 30, 2023
Government -wide Financial Analysis - Continued
District operational analysis - The following table provides a summary analysis of the District's
consolidated operations for the fiscal years ending on September 30, 2023 and 2022.
Table 2
Condensed Statements of Activities
Governmental Activities
FY23 FY22
Revenues:
Program Revenues:
Charges for services $ 11,973,510 $ 10,937,443
Operating grants and contributions
Capital grants and contributions
General Revenues:
Property taxes 2,047,252 2,136,367
Other unrestricted contributions 151,357 164,890
Investment income 573,996 95,640
Gain on sold assets 103,373 21,001
Other 17,432 92,899
14,866,920 13,448,240
Expenses:
Water 4,621,529 4,160,522
Wastewater 2,706,051 2,495,767
Administration 1,544,270 1,593,047
Fire protection 1,157,569 1,251,603
Non -departmental and Board 71,379 102,472
Interest on long-term debt 603,112 617,680
10,703,910 10,221,091
Excess (deficiency) of revenues
over expenditures before transfers 4,163,010 3,227,149
Transfers In (Out)
Increase in net position 4,163,010 3,227,149
Net position - October 1 39,074,449 35,847,300
Net position - September 30 $ 43,237,459 $ 39,074,449
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TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
MANAGEMENT'S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED SEPTEMBER 30, 2023
Financial analysis of the District's funds
Governmental Funds - the main focus of the District's governmental funds is to
provide information on the flow of monies to and from the funds, and to note the
unassigned fund balance, which is a good indicator of resources available for
spending in the near term. The information derived from these funds is highly useful
in assessing the District's financial requirements. The unassigned fund balance may
serve as a useful measure of the District's net resources available for use at the fiscal
year-end.
At the end of the fiscal year, the District's governmental funds reported combined
ending fund balances of $17,722,802, of which 57%, or $10,030,878, is unassigned
and available to the District for future spending.
General Fund budgetary highlights
The District's Board of Directors approved a budget amendment during fiscal year 2023
to largely account for the increase of water consumption and increased capital outlay
expense due to prior year projects being completed by fiscal year end. (page 36)
Revenue: Revenues were 5980,914 (7.1%) more than budgeted
• Water charges totaled $8,001,954 and were $859,699 (10.7%) more than
budgeted.
Expenditures: Expenditures were $351,984 (3.0%) less than budgeted
• Capital Outlay expenditures were $380,904 (10.7%) less than budgeted.
• Water Operations were $133,376 (3.2%) more than budgeted.
• Wastewater operations expenditures were $77,187 (5.3%) less than budgeted.
Capital Assets
The District's investment in capital assets for its governmental activities as of
September 30, 2023 amounted to $46,164,516, net of accumulated depreciation. This
represents a broad range of capital assets including, but not limited to land, buildings,
improvements, machinery and equipment, vehicles, water, wastewater treatment, and
wastewater collection systems.
Net capital assets increased $1,764,612 or 4.0% during 2023 primarily due to over
$3.3 million of new improvements to the District's water and wastewater system.
Additional information about capital assets may be found in Note 5 in the notes to
financial statements.
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TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
MANAGEMENT'S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED SEPTEMBER 30, 2023
Debt administration
Long -Term Debt - at the end of the current fiscal year, the District had $20,747,398 of
general obligation bonds, revenue bonds, and type A financing leases, which is a decrease
of 7.9% from the previous fiscal year due to $1,782,648 of 2023 principal payments.
All 2023 debt service requirements were met and the District did not issue any new debt
during fiscal year 2023.
Economic factors and next year's budgets and rates:
General Fund 2023 - 2024 budgetary highlights:
Revenue: The District's 2024 General Fund budgeted revenues reflect a projected
increase of $2,690,579, or 22.93%, when compared to the District's 2023 adopted budget.
• Water revenue is budgeted to increase from $6,710,979 for fiscal year 2023 to $6,939,998
for fiscal year 2024 for a total projected increase of $229,019, or 3.41%.
• Sewer revenue is budgeted to decrease from $3,839,686 for fiscal year 2023 to $3,679,786
for fiscal year 2024 for a total projected decrease of ($159,900), or (4.16%).
• The District's M&O tax rate increased from fiscal year 2023 to fiscal year 2024. The fiscal
year 2024 segregated M&O property tax revenue is budgeted to increase by $67,366 for
Fire and decrease by ($2,222) for the MUD when compared to 2023.
Expenses: The District's 2024 General Fund budgeted expenses reflect a projected
increase of $2,690,579, or 22.93%, when compared to the District's 2023 adopted budget.
• Wholesale water purchase from City of Fort Worth increased by $15,366, or 0.58%, due
to the consumption demands.
• The capital outlay collectively increased by $2,603,000, or 98.34% due to the District's
proactive asset replacement schedule and the completion of prior year projects.
• The maintenance and repairs collectively decreased by ($53,900), or (7.86%) due to
reduction in required repairs with the proactive replacement schedule.
• The electricity collectively decreased by ($85,132), or (16.09%) due the District's current
provider new contract rates effective December 2022.
• The District's personnel cost collectively increased by $72,796, or 3.58% due to the
COLA increase and new employee benefit rates.
Overall: The District's 2024 General Fund budget is anticipated to have revenues of
$14,372,315 and expenses of $16,485,079 for a total projected net spend down of fund
balance of ($2,112,764).
Debt Service Fund 2023 - 2024 budgetary highlights:
• The District's Debt Service expenses are budgeted to decrease from $2,269,673 in fiscal
year 2023 to $1,800,479 budgeted for fiscal year 2024 for a total decrease of $469,194, or
20.67%.
• Property tax revenues collected for Debt Service are budgeted to decrease from $696,446
in fiscal year 2023 to $219,481 budgeted in fiscal year 2024 for a total decrease of
($476,965), or (68.49%).
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TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
MANAGEMENT'S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED SEPTEMBER 30, 2023
Sewer and Water Rates highlights:
Effective October 1 S`, 2022, the District's Board of Directors adopted an increase in both the
base and volumetric water rates, and effective April 1, 2023, adopted an increase in sewer
volumetric rates for commercial customers. The District did not adopt a water or sewer rate
increase for FY 2024.
Requests for information
This financial report is designed to provide a general overview of the District's
consolidated finances for all interested parties. Questions concerning any of the
information in this report or requests for additional information should be directed to
the Trophy Club Municipal Utility District No. 1, Finance Manager, 100 Municipal
Drive, Trophy Club, Texas 76262.
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January 17, 2024 Regular Meeting Agenda Packet
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
Statement of Net Position
September 30, 2023
Governmental
Activities
Assets
Cash and cash equivalents $ 6,086,438
Investments 7,652,770
Restricted assets:
Restricted cash 146,955
Restricted investments 3,081,580
Prepaid assets 3,880
Receivables:
Accounts receivables - net 1,757,383
Property taxes 12,341
Net pension asset 86,505
Capital assets:
Non -depreciable capital assets 6,084,233
Depreciable capital assets (net) 40,080,283
Total assets 64,992,368
Deferred outflows of resources
Deferred outflows of resources - OPEB
Deferred outflows of resources - Pension
Total deferred outflows of resources
7,531
313,627
321,158
Liabilities
Accounts payable 833,096
Accrued liabilities 26,155
Interest payable 47,078
Customer meter deposits 146,955
Non-current liabilities:
Due within one year 1,257,398
Due in more than one year 19,579,298
OPEB liability 24,460
Total liabilities 21,914,440
Deferred inflows of resources
Deferred inflows of resources - OPEB
Deferred inflows of resources - Pension
Total deferred inflows of resources
16,114
145,512
161,626
Net Position
Net investment in capital assets 27,323,898
Restricted for:
Capital projects 860,652
Debt service 143,163
Unrestricted 14,909,747
Total net position $ 43,237,459
The accompanying notes are an integral part of these financial statements.
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TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
Statement of Activities
For the Year Ended September 30, 2023
Functions/Programs
Primary government:
Governmental activities:
Water operations
Wastewater operations
Administration
Fire protection
Non -departmental
Board of directors
Interest on long-term debt
Total governmental activities
Governmental Activities
Expenses
Program Revenues
Net (Expense)
Revenue and
Changes in Net
Position
Charges for
Services
Operating
Grants and
Contributions
Capital
Grants and
Contributions
Total
Governmental
Activities
$ 4,621,529 $
2,706,051
1,544,270
1,157,569
68,637
2,742
603,112
8,079,155 $
3,845,076
49,279
$ 3,457,626
1,139,025
(1,494,991)
(1,157,569)
(68,637)
(2,742)
(603,112)
$ 10,703,911 $ 11,973,510 $
General revenues:
Property taxes
Contributions not restricted to specific programs
Investment earnings
Miscellaneous
Gain on sale of assets
Total general revenues
Change in net position
Net position - beginning
Net position - ending
The accompanying notes are an integral part of these financial statements.
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1,269,599
2,047,252
151,357
573,996
17,432
103,373
2,893,411
4,163,010
39,074,449
$ 43,237,459
January 17, 2024 Regular Meeting Agenda Packet
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
BALANCE SHEET -
GOVERNMENTAL FUNDS
SEPTEMBER 30, 2023
Assets
Cash
Investments
Restricted assets:
Restricted cash
Restricted investments
Prepaid assets
Receivables:
Accounts receivable - net
Property taxes
Due from other funds
Total assets
Liabilities
Current liabilities:
Accounts payable
Accrued payroll liabilities
Customer deposits
Due to other funds
Total current liabilities
Deferred Inflows of Resources
Unavailable revenue - Property taxes
Total deferred inflows of resources
Fund Balances
Non -spendable:
Prepaid assets
Restricted for:
Debt service
Capital projects
Assigned for:
Capital projects
Unassigned
Total fund balances
Total liabilities, deferred inflows of
resources, and fund balances
General
Fund
$ 6,086,438
7,652,770
Debt
Service
Fund
Capital
Projects
Fund
Total
Governmental
Funds
$ 6,086,438
7,652,770
146,955 146,955
- 143,162 2,938,418 3,081,580
3,880 - 3,880
1,757,383 -
8,957 3,384
81,691 -
1,757,383
12,341
81,691
$ 15,738,074 $ 146,546 $ 2,938,418 $ 18,823,038
$ 833,096
26,155
146,955
1,006,206
8,956
8,956
3,880
4,688,154
10,030,878
14,722,912
$ 15,738,074
3,383
3,383
143,163
81,691
81,691
2,856,727
143,163 2,856,727
$ 833,096
26,155
146,955
81,691
1,087,897
12,339
12,339
3,880
143,163
2,856,727
4,688,154
10,030,878
17,722,802
$ 146,546 $ 2,938,418 $ 18,823,038
The accompanying notes are an integral part of these financial statements.
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January 17, 2024 Regular Meeting Agenda Packet
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
Reconciliation of the Governmental Funds Balance Sheet
to the Statement of Net Position
at September 30, 2023
Fund balances of governmental funds $ 17,722,802
Amounts reported for governmental activities in the statement of net position
are different because:
Capital assets used in governmental activities are not financial resources and,
therefore, are not reported in the funds. 46,164,516
Deferred outflows of resources related to pension and OPEB balances do not
provide current financial resources and, therefore, are not reported in the
governmental funds.
Deferred inflows of resources related to pension and OPEB balances do not
require the use of current financial resources and, therefore, are not reported
in the governmental funds.
Long-term liabilities are not due and payable in the current period and,
therefore, are not reported in the funds.
Accrued interest payable for governmental -type long-term debt is recognized
in the governmental activities in the statement of net position.
The District's net pension asset balance does not provide current financial
resources and, therefore, is not reported in the governmental funds.
Property tax receivables not received within sixty days after fiscal year-end
are deferred income on the fund financial statements, but these amounts are
realized as income on the government -wide financials.
321,158
(161,626)
(20,861,156)
(47,078)
86,505
12,338
Net position of governmental activities $ 43,237,459
The accompanying notes are an integral part of these financial statements.
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January 17, 2024 Regular Meeting Agenda Packet
TROPHY CLUB_ MUNICIPAL UTILITY DISTRICT NO. 1
Statement of Revenues, Expenditures, and
Changes in Fund Balances - Governmental Funds
For the Year Ended September 30, 2023
Revenues
Water charges
Wastewater charges
Property taxes
Intergovernmental
Late charges
Rental income
Inspections and other charges for services
Other revenue
Investment earnings
Total revenues
Expenditures
Current:
Water
Wastewater
Administration
Fire
Non -departmental
Board of directors
Capital outlays
Debt service:
Principal retirement
Interest and fees
Total expenditures
Excess of revenues over (under) expenditures
Other financing sources (uses)
Proceeds from sold assets
Transfers in
Transfers (out)
Total other financing sources(uses)
Net changes in fund balances
Fund balances - beginning
Fund balances - ending
General
Fund
Debt
Service
Fund
Capital
Projects
Fund
$ 8,001,954 $ $
3,845,076
1,355,148 701,238
151,357
77,201
45,179
4,100
17,432
397,122 49,191 127,683
13,894,570
4,157,215
1,460,607
1,474,970
978,435
68,637
2,742
3,553,442
750,428 127,683
117,645 1,665,000
3,305 603,395
11,816,999
2,077,571
110,979
(1,573,226)
216,188
2,268,395 216,188
(1,517,967)
1,573,226
(88,505)
Total
Governmental
Funds
$ 8,001,954
3,845,076
2,056,386
151,357
77,201
45,179
4,100
17,432
573,996
14,772,681
4,157,215
1,460,607
1,474,970
978,435
68,637
2,742
3,769,630
1,782,645
606,700
14,301,582
471,099
110,979
1,573,226
(1,573,226)
(1,462,247) 1,573,226 110,979
615,324 55,259 (88,505)
14,107,588 87,904 2,945,232
582,078
17,140,724
$ 14,722,912 $ 143,163 $ 2,856,727 $ 17,722,802
The accompanying notes are an integral part of these financial statements.
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January 17, 2024 Regular Meeting Agenda Packet
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
Reconciliation of the Statement of Revenues,
Expenditures, and Changes in Fund Balances of Governmental Funds
To the Statement of Activities
For the Year Ended September 30, 2023
Amounts reported for governmental activities in the statement of activities are different
because:
Net change in fund balances - total governmental funds $ 582,078
Governmental funds report capital outlays as expenditures. However, in the statement of activities,
the cost of those assets is allocated over their estimated useful lives and reported as depreciation
expense. This is the amount by which capital outlay expense exceeded depreciation expense in the
fiscal year.
Accrued interest does not require the use of current financial resources and, therefore, is not
reported as an expenditure in the governmental funds. This is the (increase) decrease in accrued
interest.
1,772,218
3,588
Principal payments on long-term debt are an expenditure for the governmental funds, but this
expenditure is a reduction of long-term debt for the government -wide financial statements. 1,782,645
Various other reclassifications and eliminations are necessary to convert from the modified accrual
basis of accounting to accrual basis of accounting. These include recognizing a $9,134 decrease in
deferred revenue, a $15,092 increase in accrued compensated absences, and various other smaller
items. The net effect of these reclassifications is to decrease net position.
Modifications are necessary to convert from the modified accrual basis of accounting to accrual
basis of accounting for OPEB and pension expense. The net effect of these adjustments is to
increase net position.
Change in net position of governmental activities:
The accompanying notes are an integral part of these financial statements.
16
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(31,832)
54,313
$ 4,163,010
January 17, 2024 Regular Meeting Agenda Packet
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
NOTES TO BASIC FINANCIAL STATEMENTS
FOR THE YEAR ENDED SEPTEMBER 30, 2023
NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
A. General Statement
Denton County Municipal Utility District No. I (the District) was created by the Texas Water Rights
Commission (later known as Texas Commission on Environmental Quality (TCEQ)) on March 4, 1975 and
confirmed by the electorate of the District at a confirmation election on October 7, 1975. The Board of
Director's held its first meeting on April 24, 1975. The Bonds were first sold on June 8, 1976. The District
operates pursuant to Article XVI, Chapter 59 of the Texas Constitution and Chapter 54 of the Texas Water
Code, as amended. Effective April 1, 1983, the District's name was officially changed by order from Denton
County Municipal Utility District No..1 to Trophy Club Municipal Utility District No. 1 .
On May 9, 2009, citizens voted to consolidate the District and Trophy Club Municipal Utility District No. 2
(MUD 2). As a result, the District reports consolidated activity and balances for the District and the entities
formerly known as MUD 2 and the Trophy Club Master District Joint Venture (a joint venture of MUD 1 and
MUD 2).
The Governmental Accounting Standards Board (GASB) is the accepted standard setting body for the District.
The financial statements of the District have been prepared in conformity with generally accepted accounting
principles (GAAP) as applied to government units.
B. Financial Reporting Entity
As required by accounting principles generally accepted in the United States of America, these financial
statements include the activities of the District and any organizations for which. the District is financially
accountable or for which the nature and significance of their relationship with the District are such that
exclusion would cause the reporting entity's financial statements to be misleading or incomplete.
The definition of the reporting entity is based primarily on the notion of financial accountability. A primary
government is financially accountable for the organizations that make up its legalentity. It is also financially
accountable for legally separate organizations if its officials appoint a voting majority of an organization's
governing body and either it is able to impose its will on that organization or there is a potential for the
organization to provide specific financial benefits to, or to impose specific financial burdens on, the primary
government. A primary government may also be financially accountable for governmental organizations that
are fiscally dependent on it.
A primary government has the ability to impose its will on an organization if it can significantly influence the
programs, projects, or activities of, or the level of services performed or provided by, the organization. A
financial benefit or burden relationship exists if the primary government (a) is entitled to the organization's
resources; (b) is legally obligated or has otherwise assumed the obligation to finance the deficits of, or provide
financial support to, the organization; or (c) is obligated in some manner for the debt of the organization. Some
organizations are included as component units because of their fiscal dependency on the primary government.
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TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
NOTES TO BASIC FINANCIAL STATEMENTS
FOR THE YEAR ENDED SEPTEMBER 30, 2023
NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED
An organization is fiscally dependent on the primary government if it is unable to adopt its budget, levy taxes,
set rates or charges, or issue bonded debt without approval by the primary government. The District has
determined it has no component units.
C. Government -Wide and Fund Financial Statements
The government -wide financial statements (the Statement of Net Position and the Statement of Activities)
report information on all of the activities of the District, except for fiduciary funds. The effect of interfund
activity has been removed from these statements. Governmental activities, which normally are supported by
taxes and intergovernmental revenues, are reported separately from business -type activities, which rely to a
significant extent on fees and charges for support. The activities of the District are comprised only of
governmental activities.
The Statement of Activities demonstrates the degree to which the direct expenses of a given program are offset
by program revenues. Direct expenses are those that are clearly identifiable with a specific program. Program
revenues include 1) charges to customers or applicants who purchase, use, or directly benefit from goods,
services, or privileges provided by a given program and 2) operating or capital grants and contributions that
are restricted to meeting the operational or capital requirements of a particular program. Taxes and other items
not properly included among program revenues are reported instead as general revenues.
Fund Financial Statements
The District segregates transactions related to certain functions or activities in separate funds in order to aid
financial management and to demonstrate legal compliance. These statements are required to present each
major fund in a separate column on the fund financial statements. For fiscal year 2023, the major funds are
the General Fund, Debt Service Fund, and the Capital Projects Fund.
Governmental funds are those funds through which most governmental functions typically are financed. The
measurement focus of governmental funds is on the sources, uses and balance of current financial resources.
The District has presented the following governmental funds:
General Fund
The General Fund is the main operating fund of the District. This fund is used to account for all
financial resources not accounted for in other funds. All general tax revenues and other receipts that
are not restricted by law or contractual agreement to some other fund are accounted for in this fund.
Generaloperating expenditures, fixed charges and capital improvement costs that are not paid
through other funds are paid from the General Fund.
Debt Service Fund
The Debt Service Fund is used to account for resources accumulated and payments made for
principal and interest on the long-term debt of the District.
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January 17, 2024 Regular Meeting Agenda Packet
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
NOTES TO BASIC FINANCIAL STATEMENTS
FOR THE YEAR ENDED SEPTEMBER 30, 2023
NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED
Capital Projects Fund
The Capital Projects Fund is used to account for funds received and expended for the acquisition and
construction of infrastructure and other capital assets.
D, Measurement Focus and Basis of Accounting
Measurement focus refers to what is being measured; basis of accounting refers to when revenues and
expenditures are recognized in the accounts and reported in the financial statements. Basis of accounting
relates to the timing of the measurement made, regardless of the measurement focus applied.
The government -wide statements are reported using the economic resources measurement focus and the
accrual basis of accounting.
The economic resources measurement focus means all assets and liabilities (whether current or non-current)
are included on the Statement of Net Positionand the operating statements present increases (revenues) and
decreases (expenses) in net total position. Under the accrual basis of accounting, revenues are recognized
when earned. Expenses are recognized at the time the liability is incurred.
Governmental fund financial statements are reported using the current financial resources measurement focus
and are accounted for using the modified accrual basis of accounting. Under the modified accrual basis of
accounting, revenues are recognized when susceptible to accrual; i.e.; when they become both measurable
and available.
"Measurable" means the amount of the transaction can be determined and "available" means collectible within
the current period or soon enough thereafter to be used to pay liabilities of the current period. The District
considers receivables collected within sixty days after year-end to be available and recognizes them as
revenues of the current year. Expenditures are recorded when the related fund liability is incurred. However,
debt service expenditures are recorded only when payment is due.
E. Cash and Investments
The District's cash and cash equivalents are considered to be cash on hand, demand deposits, and short-term
investments of three months or less from the date of acquisition,
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January 17, 2024 Regular Meeting Agenda Packet
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
NOTES TO BASIC FINANCIAL STATEMENTS
FOR THE YEAR ENDED SEPTEMBER 30, 2023
NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES — CONTINUED
The District's investment policy requires that all monies be deposited with the authorized District depository
or in (1) obligations of the United States or its agencies and instrumentalities; (2) direct obligations of the State
of Texas or its agencies; (3) other obligations. the principal of and interest on which are unconditionally
guaranteed or insured by the State of Texas or the United States; (4) obligations of states, agencies, counties,
cities, and other political subdivisions of any state having beenrated as to investment quality by a nationally
recognized investment rating firm and having received a rating of not Tess than A or its equivalent; (5)
certificates of deposit by state and national banks domiciled in this state that are (A) guaranteed or insured by
the Federal Deposit Insurance Corporation, or its successor; or, (B) secured by obligations that are fully
collateralized.
All investments are recorded at fair value based on quoted market prices. Fair value is the amount at which a
financial instrument could be exchanged in a current transaction between willing parties.
F. Capital Assets
Capital assets, which include property, plant, and equipment, are reported in the government -wide financial
statements. All capital assets are valued at historical cost or estimated historical cost if actual historical cost is
not available. Donated assets are valued at their fair value on the date donated. Repairs and maintenance are
recorded as expenses. Renewals and betterments are capitalized.
Assets capitalized have an original cost of $5,000 or more and over one year of useful life. Depreciation has
been calculated on each class of depreciable property using the straight-line method. Estimated useful lives
are as follows:
Depreciable
Asset Category Life in Years
Buildings 50
Improvements other than Buildings 15-30
Machinery and Equipment 5-15
Vehicles 6-12
Water & Wastewater Infrastructure 30-65
G. Compensated Absences
Employees earn vacation pay based upon seniority that accrues at various rates up to a maximum four
weeks per year. Upon termination, employees will be paid for their unused earned vacation. The District
accrues a liability for the value of these compensated absences on the full -accrual basis statement of net
position.
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January 17, 2024 Regular Meeting Agenda Packet
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
NOTES TO BASIC FINANCIAL STATEMENTS
FOR THE YEAR ENDED SEPTEMBER 30, 2023
NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED
H. Net Position
Net position represents the difference between assets and deferred outflows of resources, less deferred
inflows of resources and liabilities. Net positioninvested in capital assets, net of related debt consists of
capital assets, net of accumulated depreciation, reduced by the outstanding balances of any borrowing
used for the acquisition, construction or improvements of those assets, and adding back unspent
proceeds. Net position is reported as restricted when there are limitations imposed on their use either
through the enabling legislations adopted by the District or through external restrictions imposed by
creditors, grantors or laws or regulations of other governments.
I. Estimates
In preparing financial statements in conformity withaccounting principles generally accepted in the
United States of America, management is required to make estimates and assumptions that affect the
reported amounts of assets and Liabilities, the disclosures of contingent assets and liabilities, and the
reported amounts of revenue and expenses/expenditures. Actual results could differ from those
estimates.
J. Fund Balances
Governmental Accounting Standards Board (GASB) Statement No. 54, Fund Balance Reporting and
Governmental Fund Type Definitions (GASB 54) defines the different types of fund balances that a
governmental entity must use for financial reporting purposes in the fund financial statements for
governmental type funds. It does not apply for the government -wide financial statements.
GASB 54 requires the fund balance amounts to be properly reported within one of the following fund
balance categories:
Nonspendable - such as fund balance associated with inventories, prepaids, long-term loans and notes
receivable, and property held for resale (unless the proceeds are restricted, committed, or assigned),
Restricted - fund balance category includes amounts that can be spent only for the specific purposes
stipulated by constitution, external resource providers, or through enabling legislation,
Committed - fund balance classification includes amounts that can be used only for the specific purposes
determined by a formal action of the Board of Directors (the District's highest level of decision-making
authority),
Assigned - fund balance classifications are assigned by the District Manager with the intentions to be
used by the government for specific purposes but do not meet the criteria to be classified as restricted or
committed, and
Unassigned - fund balance is the residual classification for the District's General Fund and includes all
spendable amounts not contained in the other classifications, and other funds that have total negative
fund balances.
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TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
NOTES TO BASIC FINANCIAL STATEMENTS
FOR THE YEAR ENDED SEPTEMBER 30, 2023
NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED
K. Accounts Receivable and Allowances for Bad Debt
Accounts receivable consists primarily of receivables related to water and sewer services. Accounts
receivable includes an accrual for unbilled revenue earned during the month of September 2023. Trade
accounts receivable are evaluated periodically for collectability based on customer history and current
economic conditions. When considered necessary, an allowance is made for doubtful accounts.
NOTE 2. CASH AND INVESTMENTS
The funds of the District must be deposited and invested under the terms of a contract, contents of which
are set out in the Depository Contract Law. The depository bank places approved pledged securities for
safekeeping and trust with the District's agent bank in an amount sufficient to protect District funds on
a day-to-day basis during the period of the contract. The pledge of approved securities is waived only to
the extent of the depository bank's dollar amount of Federal Deposit Insurance Corporation (FDIC)
insurance.
At September 30, 2023, the carrying amount of the District's cash deposits was $6,232,793 and the bank
balance was $7.309,657. Of the District's cash deposits at September 30, 2023, $250,000 was insured
by FDIC and $7,059,657 was covered by pledged securities,
The Public Funds Investment Act (Government Code Chapter 2256) contains specific provisions in the
areas of investment practices, management reports and establishment of appropriate policies. Among
other things, it requires the District to adopt, implement, and publicize an investment policy. That policy
must address the following areas; (1) safety of principal and liquidity, (2) portfolio diversification, (3)
allowable investments, (4) acceptable risk levels, (5) expected rates of return, (6) maximum allowable
stated maturity of portfolio investments, (7) maximum average dollar -weighted maturity, allowed based
on the stated maturity date for the portfolio, (8) investment staff quality and capabilities, and (9) bid
solicitation preferences for certificates of deposit.
Cash and investments as of September 30, 2023 consist of the following:
Deposits with financial institutions $ 6,232,793
Unrestricted TexPool investments 7,652,770
Restricted TexPool investments 2,264,563
Restricted escrow investments 817,017
Petty cash 600
Total Cash and Investments $ 16,967,744
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January 17, 2024 Regular Meeting Agenda Packet
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
NOTES TO BASIC FINANCIAL STATEMENTS
FOR THE YEAR ENDED SEPTEMBER 30, 2023
NOTE 2. CASH AND INVESTMENTS — CONTINUED
Disclosures Relating to Interest Rate Risk
Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value of an
investment. Generally, the longer the maturity of an investment the greater the sensitivity of its fair value
to changes in market interest rates. One of the ways that the District manages its exposure to interest rate
risk is by investing mainly in investment pools which purchase a combination of shorter -term investments
with an average maturity of less than 60 days thus reducing the interest rate risk. The District monitors the
interest rate risk inherent in its portfolio by measuring the weighted average maturity of its portfolio. The
District monitors its interest rate risk, which is governed by adopted Investment Policies.
As of September 30, 2023, the District had the following investments:
Weighted Avg.
Investment Type Carrying Amount Maturity
TexPool Pooled Investments $ 9,917,333 26 days
BOK Financial - U.S. Securities $ 817,017 12 days
As of September 30, 2023, the District did not invest in any securities which are highly sensitive to interest
rate fluctuations.
Disclosures Relating to Credit Risk
Generally. credit risk is the risk that an issuer of an investment will not fulfill its obligation to the holder
of the investment. This is measured by the assignment of a rating by a nationally recognized statistical
rating organization. Presented below is the minimum rating required by (where applicable) the Public
Funds Investment Act, the District's investment policy, or debt agreements, and the actual rating as of year-
end for each investment type.
Minimum Rating at
Investment Type Carrying Amount Legal Rating Year -End
TexPool Pooled Investments $ 9,917,333 AAAm AAAm
BOK Financial - U.S. Securities $ 817,017 AAAm AAAm
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January 17, 2024 Regular Meeting Agenda Packet
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
NOTES TO BASIC FINANCIAL STATEMENTS
FOR THE YEAR ENDED SEPTEMBER 30, 2023
NOTE 2. CASH AND INVESTMENTS — CONTINUED
Custodial Credit Risk
Custodial credit risk for deposits is the risk that, in the event of the failure of a depository financial institution,
a government will not be able to recover its deposits or will not be able to recover collateral securities that are
in the possession of an outside party. The custodial credit risk for investments is the risk that, in the event of
the failure of the counterparty to a transaction, a government will not be able to recover the value of its
investment or collateral securities that are in the possession of another party. The Public Funds Investment
Act and the .District's investment policy have the following provision for deposits: They require that a financial
institution secure deposits made by state or local governmental units by either 1) pledging securities in an
undivided collateral pool held by a depository regulated under state law (unless so waived by the governmental
unit), or 2) an irrevocable standby letter of credit with the District named as the beneficiary. The market value
of pledged securities in the collateral pool or the value of the letter of credit must equal at least the bank
balance less .FDIC insurance at all times.
Investment in State Investment Pools
The District is a voluntary participant in TexPool. The State Comptroller of Public Accounts exercises
responsibility over TexPool. This oversight includes the ability to significantly influence operations,
designation of management, and accountability for fiscal matters. Additionally, the State Comptroller has
established an advisory board composed of both participants in TexPool and other persons who do not have a
business relationship with TexPool. TexPool operates in a manner consistent with the SEC's Rule 2a7 of the
Investment Company Act of 1940. TexPool uses amortized costs rather than market value to report net assets
to compute share prices. Accordingly, the fair value of the position in TexPool is the same as the value of
TexPool shares. The TexPool and the mutual fund investments are measured at amortized cost and are exempt for
fair value reporting under GASB Statement No. 72, Fair Value Measurement and Application.
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January 17, 2024 Regular Meeting Agenda Packet
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
NOTES TO BASIC FINANCIAL STATEMENTS
FOR THE YEAR ENDED SEPTEMBER 30, 2023
NOTE 3. ACCOUNTS RECEIVABLE
Receivables as of September 30, 2023 are as follows:
Accounts Receivable:
Water sales
Wastewater sales
Unbilled receivables
Refuse (as an agent for the Town of Trophy Club)
Storm drainage (as an agent for the Town of Trophy Club)
Refuse tax (as an agent for the Town of Trophy Club)
PID surcharge (as an agent for the Town of Trophy Club)
Property taxes
Other
Gross receivables
Less: Allowance for uncollectables
Net receivables
NOTE 4. INTERFUND TRANSFERS AND BALANCES
$ 1,087,947
323,334
204,627
91,480
37,172
7,692
11,963
12,341
5,217
1,781,774
(12,051)
$ 1,769,723
Transfers between funds during the year -ended September 30, 2023 are as follows:
Transfers From
General Fund
Transfers To
Debt Service Fund
Total:
Amount Purpose
$ 1,573,226 Debt service assistance
$ 1,573,226
Interfund due to/due from balances as of September 30, 2023 are as follows:
Due From
Fund Other Funds
General Fund $ 81,691
Capital Projects Fund
$ 81,691
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Due To Other
Funds
81,691
$ 81,691
January 17, 2024 Regular Meeting Agenda Packet
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
NOTES TO BASIC FINANCIAL STATEMENTS
FOR THE YEAR ENDED SEPTEMBER 30, 2023
NOTE 5. CAPITAL ASSETS
Capital asset activity for the year ended September 30, 2023, was as follows:
Governmental Activities:
Beginning
Balances
Additions
Retirements/ Ending
Transfers Balance
Capital assets - Non -Depreciable
Land
Construction in progress
Water rights
Total non -depreciable assets:
Capital assets - Depreciable
Buildings
Improvements other than buildings
Machinery and equipment
Organization costs
Vehicles
Water system
Wastewater treatment system
Wastewater collection system
Total capital assets being depreciated:
Less accumulated depreciation for:
Buildings
Improvements other than buildings
Machinery and equipment
Organization costs
Vehicles
Water system
Wastewater treatment system
Wastewater collection system
Total accumulated depreciation:
Total depreciable capital assets, net:
Capital assets, net:
$ 648,178
8,649,949
864,678
$ - $ - $ 648,178
3,668,405 (7,746,977) 4,571,377
864,678
10,162,805
3,535,137
600,776
3,044,563
2,643,563
2,787,645
14,056,578
22,497,150
4,541,890
53,707,302
3,668,405
101,225
101,225
(7,746,977)
93,653
478,753
32,593
391,394
5,488,506
268,605
825,059
7,578,563
6,084,233
3,535,137
694,429
3,523,316
2,676,156
3,280,264
19,545,084
22,765,755
5,366,949
61,387,090
917,369
336,310
1,589,866
2,342,353
1,926,797
4,991,590
5,444,050
1,921,868
19,470,203
34,237,099
81,102
24,331
202,713
70,555
236,046
351,973
943,294
87,398
1,997,412
(160,808)
(1,896,187)
(160,808)
998,471
360,641
1,792,579
2,412,908
2,002,035
5,343,563
6,387,344
2,009,266
21,306,807
7,739,371 40,080,283
$ 44,399,904
$ 1,772,218 $
(7,606) $ 46,164,516
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TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
NOTES TO BASIC FINANCIAL STATEMENTS
FOR THE YEAR ENDED SEPTEMBER 30, 2023
NOTE 5. CAPITAL ASSETS - CONTINUED
Depreciation expense was charged as direct expense to programs of the primary govern
Governmental activities:
General government
Water operations
Wastewater operations
Fire department
Wastewater collection systems
Total depreciation expense
NOTE 6 LONG-TERM DEBT
en t as follows:
$ 72,312
482,418
1,176,150
179,134
87,398
$ 1,997,412
At September 30, 2023, the District's long-term debt issuances consisted of the following:
General Obligation Bonds
Series 2014 Tax Bonds
Series 2020 Refunding Bonds
Revenue Bonds
Series 2015 Bonds
Series 2016 Bonds
Series 2019 Bonds
Type A Financing Leases
Camera Van Lease
Total long-term debt:
Interest Maturity
Rate (%) Date Outstanding
1.5-3.5% 8/31/2034
1.30% 8/31/2031
2.0-3.25% 8/31/2035
0.5-2.2% 8/31/2036
3.0-3.5% 8/31/2049
3.95% 2/1/2024
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$ 3,725,000
975,000
6,280,000
3,145,000
6,600,000
22,398
Due Within
One Year
$ 290,000
120,000
435,000
220,000
170,000
22,398
$ 20,747,398 $ 1,257,398
January 17, 2024 Regular Meeting Agenda Packet
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
NOTES TO BASIC FINANCIAL STATEMENTS
FOR THE YEAR ENDED SEPTEMBER 30, 2023
NOTE 6. LONG-TERM DEBT - CONTINUED
The following is a summary of long-term liabilities activity for the District for the year ended September
30. 2023:
Governmental activities:
General Obligation Bonds
Revenue Bonds
Type A Financing Leases
Compensated Absences
Total Governmental activities long-term liabilities:
Beginning
Due Within
Balance Additions Reductions Ending Balance One Year
$ 5,560,000 $
16,830,000
140,046
74,205
$ (860,000) $
(805,000)
(117,648)
15,092
4,700,000
16,025,000
22,398
89,297
$ 410,000
825,000
22,398
$ 22,604,251 $ 15,092 $ (1,782,648) $ 20,836,695 $ 1,257,398
The annual debt service requirements for the District's bonds are as follows:
Fiscal Year Ending
2024
2025
2026
2027
2028
2029-2033
2034-2038
2039-2043
2044-2048
2049
Totals:
General Obligation and Revenue Bonds
Principal Interest Totals
$ 1,235,000 $ 563,127 $ 1,798,127
1,265,000 538,295 1,803,295
1,285,000 511,555 1,796,555
1,325,000 482,948 1,807,948
1,360,000 452,287 1,812,287
7,165,000 1,715,615 8,880,615
3,650,000 790,985 4,440,985
1,415,000 482,456 1,897,456
1,660,000 235,111 1,895,444
365,000 12,775 377,775
$ 20,725,000 $ 5,785,487 $ 26,510,487
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TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
NOTES TO BASIC FINANCIAL STATEMENTS
FOR THE YEAR ENDED SEPTEMBER 30, 2023
NOTE 6. LONG-TERM DEBT- CONTINUED
As of September 30, 2023. the District has one outstanding Type A financing lease. The leased asset is classified
as a vehicle. The capitalized cost is $205,629 and amortized net book value is $45,928 at September 30, 2023.
$34,446 of amortization expense has been included in depreciation expense for the year ended September 30,
2023.
The following is a schedule of future debt service requirements for this lease:
Fiscal Year Ending September 30 Principal Interest Totals
2024 $ 22,398 $ 442 $ 22,840
Total Financing Lease Debt Service: $ 22,398 $ 442 $ 22,840
NOTE 7. RISK MANAGEMENT
The District is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets;
business interruption; errors and omissions; injuries to employees; employee health benefits; and other claims of
various nature. Commercial insurance is purchased for the risks of loss to which the District is exposed. Any
losses reported but unsettled or incurred and not reported, are believed to be insignificant to the District's basic
financial statements.
Additionally, the District must operate in compliance with rules and regulations mandated for public water supply
systems by federal and state governments. The District is subject to compliance oversight by the Texas
Commission on Environmental Quality (TCEQ).
NOTE 8. RETIREMENT PLAN
The District provides retirement, disability, and death benefits for all of its full-time employees through a
nontraditional defined benefit pension plan in the statewide Texas County and District Retirement System
(TCDRS). The Board of Trustees of TCDRS is responsible for the administration of the statewide agent multiple -
employer public employee retirement system consisting of nontraditional defined benefit pension plans. TCDRS
in the aggregate issues a comprehensive annual financial report (CAFR) on a calendar -year basis. The CAFR is
available upon written request from the TCDRS Board. of Trustees at P.O. Box 2034, Austin, Texas 78768-2034.
The plan provisions are adopted by the governing body of the employer, within the options available in the Texas
state statutes governing TCDRS (TCDRS Act). Members can retire at ages 60 and above with 10 or more years
of service, with 30 years of service regardless of age, or when the sum of their age and years of service equals 80
or more. Members are vested after 10 years of service but must leave their accumulated contributions in the plan
to receive any employer -financed benefit. Members who withdraw their personal contributions in a lump sum
are not entitled to any amounts contributed by their employer.
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January 17, 2024 Regular Meeting Agenda Packet
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
NOTES TO BASIC FINANCIAL STATEMENTS
FOR THE YEAR ENDED SEPTEMBER 30, 2023
NOTE 8. RETIREMENT PLAN - CONTINUED
Benefit amounts are determined by the sum of the employee's contributions to the plan, with interest, and
employer -financed monetary credits. The level of these monetary credits is adopted by the governing body of
the employer within the actuarial constraints imposed by the TCDRS Act so that the resulting benefits can be
expected to be adequately financed by the employer's commitment to contribute. At retirement, death, or
disability, the benefit is calculated by converting the sum of the employee's accumulated contributions and
the employer -financed monetary credits to a monthly annuity using annuity purchase rates prescribed by the
TCDRS Act.
Contributions
The employer has elected the annually determined contribution rate (ADCR) plan provision of the TCDRS
Act. The plan is funded by monthly contributions from both employee members and the employer based on
the covered payroll of employee members. Under the TCDRS Act, the contribution rate of the employer is
actuarially determined annually. The employer contributed using the actuarially determined rates of 10.92%
and 11.80% for calendar years 2022 and 2023, respectively. Total employer contributions for the year ended
September 30, 2023 was $158,013.
The contribution rate payable by the employee members for calendar years 2022 and 2023 is the rate of 7.00%
as adopted by the governing body of the employer. The employee contribution rate and the employer
contribution rate may be changed by the governing body of the employer within the options available in the
TCDRS Act.
Actuarial Assumptions
The total pension liability in the December 31, 2022 actuarial valuation was determined using the following
actuarial assumptions:
Valuation Date: December 31, 2022
Actuarial Cost Method: Entry Age (level percentage of pay)
Asset Valuation Method:
Smoothing Period 5 Years
Recognition Method Level percentage of payroll, closed
Corridor None
Inflation: 2.50%
Salary Increase: 4.70%
Investment Rate of Return: 7.50% (net)
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January 17, 2024 Regular Meeting Agenda Packet
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
NOTES TO BASIC FINANCIAL STATEMENTS
FOR THE YEAR ENDED SEPTEMBER 30, 2023
NOTE & RETIREMENT PLAN - CONTINUED
Discount Rate
The discount rate used to measure the total pension liability was 7.60%. There was no change in the discount rate
since the previous year, The projection of cash flows used to determine the discount rate assumed that contributions
from plan members and those of the contributing employers and the non -employer contributing entity are made at
the statutorily required rates, Based on those assumptions, the pension plan's fiduciary net position was projected
to be available to make all future benefit payments of current plan members, Therefore, the long-term expected rate
of return on pension plan investments was applied to all periods of projected benefit payments to determine the total
pension liability. The long-term rate of return on pension plan investments is 7.60%, The long-term expected rate
of return on pension plan investments was determined using a building-block method in which best -estimates ranges
of expected future real rates of return (expected returns, net of pension plan investment expense and inflation) are
developed for each major asset class. These ranges are combined to produce the long-term expected rate of return
by weighting the expected future real rates of return by the target asset allocation percentage and by adding expected
inflation.
Best estimates of geometric real rates of return for each major asset class included in the Systems target asset
allocation as of December 31, 2022 are summarized below:
Asset Class
U.S. Equities
Global Equities
Intl Equities - Developed Markets
Intl Equities - Emerging Markets
Investment Grade Bonds
Strategic Credit
Direct Lending
Distressed Debt
REIT Equities
Master Limited Partnerships
Private Real Estate Partnerships
Private Equity
Hedge Funds
Cash Equivalents
Benchmark
Dow Jones U.S. Total Stock Market Index
MSCI World (net) Index
MSCI World Ex USA (net) Index
MSCI Emerging Markets (net) Index
Bloomberg Barclays U.S. Aggregate Bond Index
FTSE High -Yield Cash -Pay Capped Index
S&P/LSTA Leveraged Loan Index
Cambridge Associates Distressed Securities Index
67% FTSE NAREIT Equity REITs Index + 33% S&P Global REIT Index
Alerian MLP Index
Cambridge Associates Real Estate Index
Cambridge Associates Global Private Equity & Venture Capital Index
Hedge Fund Research, Inc. Fund of Funds Composite Index
90 -Day U.S. Treasury
Target
Allocation
11.50%
2.50%
5.00%
6.00%
3.00%
9.00%
16.00%
4.00%
2.00%
2.00%
6.00%
25.00%
6.00%
2.00%
Geometric
Real Rate
of Return
4.95%
4.95%
4.95%
4.95%
2.40%
3.39%
6.95%
7.60%
4.15%
5.30%
5.70%
7.95%
2.90%
0.20%
Discount Rate Sensitivity Analysis
The following schedule shows the impact of the Net Pension Liability (Asset) if the discount rate used was 1% less
than and 1% greater than the discount rate that was used (7.60%) in measuring the Net Pension Liability:
Net pension liability (asset) $
297,870 $
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(86,505) $ (409,514)
Current
1% Decrease
Discount Rate
1% Increase
6.60%
7.60%
8.60%
Net pension liability (asset) $
297,870 $
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(86,505) $ (409,514)
January 17, 2024 Regular Meeting Agenda Packet
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
NOTES TO BASIC FINANCIAL STATEMENTS
FOR THE YEAR ENDED SEPTEMBER 30, 2023
NOTE 8. RETIREMENT PLAN - CONTINUED
Pension Assets/Liabilities, Pension Expense, and Deferred Outflows of Resources and Deferred
Inflows of Resources Related to Pensions
At September 30, 2023, the District reported ($86,505) for the net pension (asset) and pension expense
of $100,074 related to the December 31, 2022 valuation. The breakdown of the components of the total
pension liability, plan fiduciary net position, and the net pension liability follows:
Changes in the Net Pension Liability (Asset)
Increase (Decrease)
Total
Pension
Liability (a)
Plan
Fiduciary
Net Position
(b)
Net Pension
Liab./(Asset)
(a) - (b)
Balances at 12/31/2021:
Changes for the year:
Service cost
Interest
Effect of plan changes
Effect of economic/demographic gains or losses
Effect of assumptions changes or inputs
Refund of contributions
Benefit payments
Administrative expenses
Member contributions
Net investment income
Employer contributions
Other changes
Balances at 12/31/2022:
$ 2,507,319 $
233,536
205,110
(194,016)
(53,830)
(31,818)
2,745,392 $
$ 2,666,301 $
(238,073)
233,536
205,110
(194,016)
(53,830)
(31,818)
(1,613) 1,613
95,508 (95,508)
(174,486) 174,486
148,993 (148,993)
24,660 (24,660)
2,752,806 $ (86,505)
The District reported deferred outflows of resources and deferred inflows of resources related to the
pension from the following sources:
Deferred Inflows / Outflows of Resources
Difference between expected and actual experience
Changes of assumptions
Net difference between projected and actual earnings
Contributions subsequent to the measurement date
Totals:
$120,444 reported as deferred outflow of resources
Deferred Inflows Deferred Outflows
of Resources of Resources
$ 145,512 $
N/A
32,269
67,842
93,072
120,444
$ 145,512 $ 313,627
for contributions made subsequent to the
measurement date will be recognized as an addition to the net pension asset in the 2023 measurement
year.
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TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
NOTES TO BASIC FINANCIAL STATEMENTS
FOR THE YEAR ENDED SEPTEMBER 30, 2023
NOTE 8. RETIREMENT PLAN - CONTINUED
The net amounts of the employer's balances of deferred outflows and inflows of resources related to
pensions will be recognized in pension expense as follows:
Fiscal Year Ending:
2024 $ (23,477)
2025 (5,646)
2026 (1,191)
2027 77,985
Thereafter
$ 47,671
NOTE 9. OTHER POST -EMPLOYMENT BENEFITS
Plan. Description
The District participates in the retiree Group Term Life program for the Texas County & District
Retirement System (TCDRS), which is a statewide, multiple -employer, public employee retirement
system.
All full and part-time non -temporary employees participate in the plan, regardless of the number of hours
they work in a year and are eligible for the TCDRS pension plan. Only employers that have elected
participation in the retiree Group Term Life program are includedin the OPER plan.
The planprovides a $5,000 post-retirementdeath benefit to beneficiaries of service retirees and disability
retirees of employers that have elected participation in the retiree GTL program. The OPEB benefit is a
fixed $5,000 lump -sum benefit. No future increases are assumed in. the $5,000 benefit amount.
Benefit terms are established under the TCDRS Act. Participation in the retiree GTL program is optional
and the employer may elect to opt out of (or opt into) coverage as of January 1 each year. The District's
contribution rate for the retiree GTL program is calculated annually on an actuarial basis, and is equal to
the cost of providing a one-year deal benefit equal to $5,000.
Membership information is shown in the chart below:
Inactive employees or beneficiaries currently receiving benefits: 3
Inactive employees entitled, but not yet receiving benefits: 5
Active employees: 15
Total: 23
Total OPEB Liability
The District's total OPEB liability was determined by an actuarial valuation dated December 31, 2022. Estimates
include assumptions about future employment, mortality, and the healthcare cost trend. Amounts determined
regarding the funded status of the plan and the annual required contributions (ARC) of the employer are subject to
continual revisions as actual results are compared with past expectations and new estimates are made about the
future.
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TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
NOTES TO BASIC FINANCIAL STATEMENTS
FOR THE YEAR ENDED SEPTEMBER 30, 2023
NOTE 9. OTHER POST -EMPLOYMENT BENEFITS - CONTINUED
Below is a schedule of significant assumptions used to estimate the District's ARC:
Valuation Date: December 31, 2022
Amortization Method: Straight -Line Over Expected Working Life
Discount Rate: 3.72%
Disability: Custom rates based on TCDRS experience
Mortality:
Depositing Members 135% of PUB -2010 General Employees Amount -Weighted Mortality
Table for males and 120% of the General Employees Amount -Weighted
Mortality Table for females, both projected with 100% of the MP -2021
Ultimate scale after 2010.
Retirees/Beneficiaries 135% of PUB -2010 General Healthy Retirees Amount -Weighted
Mortality Table for males and 120% of the General Healthy Retirees
Amount -Weighted Mortality Table for females, both projected with
100% of the MP -2021 Ultimate scale after 2010.
Disabled Retirees 160% of PUB -2010 General Disabled Retirees Amount -Weighted
Mortality Table for males and 120% of the General Disabled Retirees
Amount -Weighted Mortality Table for females, both projected with
100% of the MP -2021 Ultimate scale after 2010.
Discount Rate
The discount rate is based on a yield or index for 20 -year, tax-exempt general obligation municipal bonds with an
average rating of AA/Aa or better for benefits not covered by plan assets. The 20 Year Bond GO Index published
by bondbuyer.com was used in determining the discount rate used to measure the Total OPEB Liability as of
December 31, 2022 (measurement date under GASB 75). At this date, the discount rate was 3.72%.
Sensitivity of the Total OPEB Liability to Changes in the Discount Rate
The following presents the District's Total OPEB Liability if it were calculated using a discount rate that is 1%
point lower (2.72%) or 1% point higher (4.72%) than the current rate, for measurement period ended December 31,
2022:
Total OPEB liability $
29,831 $
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24,460 $
20,269
Current
1% Decrease
Discount Rate
1% Increase
2.72%
3.72%
4.72%
Total OPEB liability $
29,831 $
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24,460 $
20,269
January 17, 2024 Regular Meeting Agenda Packet
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
NOTES TO BASIC FINANCIAL STATEMENTS
FOR THE YEAR ENDED SEPTEMBER 30, 2023
NOTE 9. OTHER POST -EMPLOYMENT BENEFITS - CONTINUED
OPEB Expense and Deferred Outflows/Inflows of Resources Related to OPEB
For the fiscal year ended September 30, 2023, the District recognized expense related to OPEB of $2,964.
As of September 30, 2023, the District reported deferred inflows of resources related to OPEB from the
following sources:
Deferred Inflows / Outflows of Resources Deferred Inflows Deferred Outflows
of Resources of Resources
Difference between expected and actual experience $ 7,219 $ -
Changes of assumptions 8,895 5,489
Net difference between projected and actual earnings - -
Contributions subsequent to the measurement date N/A 2,042
Totals: $ 16,114 $ 7,531
The $2,042 contributions made after the measurement date of the total OPEB liability but before the end of
the District's reporting period will be recognized as a reduction of the total OPEB liability in the subsequent
fiscal period.
The other amounts reported as deferred inflows/outflows of resources related to OPEB will be recognized in
OPEB expense as follows:
Fiscal Year Ending:
2024
2025
2026
2027
Thereafter
NOTE 10. SUBSEQUENT EVENTS
(2,078)
(2,170)
(1,686)
(2,407)
(2,284)
$ (10,625)
The District has evaluated all events and transactions after September 30, 2023 up through the audit report
date, which is the date the financial statements were issued. The District has no subsequent events to disclose.
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REQUIRED SUPPLEMENTARY INFORMATION
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TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
Schedule of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual - General Fund
For the Year Ended September 30, 2023
Revenues
Water charges
Wastewater charges
Property taxes
Intergovernmental
Late charges
Rental income
Inspections and other charges for services
Other revenue
Investment earnings
Total revenues
Expenditures
Current:
Water
Wastewater
Administration
Fire
Non -departmental
Board of directors
Capital outlays
Debt service:
Principal retirement
Interest and fees
Total expenditures
Excess of revenues over (under) expenditures
Other financing sources (uses)
Proceeds from sold assets
Transfers (out)
Total other financing sources (uses)
Net changes in fund balances
Fund balances - beginning
Fund balances - ending
Actual
Original Budget Final Budget Amounts
$ 6,710,979
3,899,686
1,346,135
145,029
78,000
14,146
8,058
7,000
20,000
$ 7,142,255 $ 8,001,954
3,770,000 3,845,076
1,346,135 1,355,148
145,029 151,357
78,000 77,201
37,179 45,179
8,058 4,100
7,000 17,432
380,000 397,122
12,229,033 12,913,656 13,894,570
Variance with
Final Budget -
Positive
(Negative)
$ 859,699
75,076
9,013
6,328
(799)
8,000
(3,958)
10,432
17,122
980,914
4,063,174 4,023,839 4,157,215 (133,376)
1,534,411 1,537,794 1,460,607 77,187
1,508,250 1,495,467 1,474,970 20,497
978,893 978,893 978,435 458
116,740 74,940 68,637 6,303
11,750 2,785 2,742 43
2,647,000 3,934,346 3,553,442 380,904
117,648 117,648 117,645 3
3,271 3,271 3,305 (34)
10,981,137 12,168,983 11,816,999 351,984
1,247,896 744,673 2,077,571 1,332,898
25,000
(1,845,796)
(1,820,796)
(572,900)
14,107,588
$ 13,534,688
50,000
(1,845,796)
(1,795,796)
(1,051,123)
14,107,588
$ 13,056,465
110,979 60,979
(1,573,226) 272,570
(1,462,247) 333,549
615,324 $ 1,666,447
14,107,588
$ 14,722,912
The accompanying notes are an integral part of these financial statements.
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TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
SCHEDULE OF CHANGES IN NET PENSION LIABILITY AND RELATED RATIOS (LAST TEN MEASUREMENT YEARS)
TEXAS COUNTY AND DISTRICT RETIREMENT SYSTEM
FOR THE YEAR ENDED SEPTEMBER 30, 2023
December
31, 2022
December December
31, 2021 31, 2020
Total Pension Liability
Service cost $ 233,536 $
Interest on total pension liability 205,110
Effect of plan changes -
Difference between expected and actual experience
Effect of assumptions changes or inputs
Benefit payments/Refund of contributions
Net Change in Total Pension Liability
Total pension liability, beginning
Total pension liability, ending
Fiduciary Net Position
Employer contributions
Member contributions
Investment income (net of expenses)
Benefit payments/Refund of contributions
Administrative expenses
Other
Net Change in Fiduciary Net Position
Fiduciary Net Position, beginning
Fiduciary Net Position, ending
Net pension liability / (asset), ending
Fiduciary net position as a percentage of total pension
liability
Covered -employee payroll
Net pension liability as a percentage of covered payroll
227,965 $
175,365
(194,016) 27,195
7,163
(85,649) (19,329)
158,981 418,359
December December
31, 2019 31, 2018
183,103 $
145,931
January 17, 2024 Regular Meeting Agenda Packet
December December
31, 2017 31, 2016
164,365 $ 153,752 $
121,767 100,515
21,485 8,770 13,723
127,091
(14,049) (16,533) (15,970)
463,561 278,369 252,020
December December
31, 2015 31, 2014
176,975 $ 200,990 $ 150,689 $ 170,600
83,553 57,230 41,351 27,449
(22,086)
(25,170)
5,971
(1,695)
(9,790) (11,320) (7,057)
7,686
(2,091) (1,902) (3,156)
239,634 246,339 164,418 187,836
2,507,320 2,088,961 1,625,400 1,347,031 1,095,011 855,377 609,038 444,620
256,784
$ 2,666,301 $ 2,507,320 $ 2,088,961 $ 1,625,400 $ 1,347,031 $ 1,095,011 $ 855,377 $ 609,038
148,993
95,508
(174,486)
(85,649)
(1,613)
24,660
127,080
98,621
475,821
(19,329)
(1,485)
6,414
122,021
94,695
173,686
(14,049)
(1,506)
6,162
103,641
80,287
212,168
(16,533)
(1,278)
5,966
7,413 687,122 381,009 384,251
2,745,393 2,058,271 1,677,262 1,293,011
2,752,806 2,745,393 2,058,271 1,677,262
(86,505) $ (238,073) $ 30,690 $ (51,862)
94,803
73,880
(19,840)
(15,970)
(1,039)
4,667
136,501
1,156,510
102,802
79,868
126,587
(1,695)
(769)
2,418
309,211
847,300
1,293,011 1,156,511
95,185
78,388
46,440
(2,091)
(505)
19,889
237,306
609,994
847,300
$ 54,020 $ (61,500) $ 8,077
97,043
78,171
(15,011)
(1,902)
(394)
(47)
157,860
452,134
609,994
444,620
93,694
74,784
18,561
(3,156)
(285)
(21)
183,577
268,557
452,134
(956) $ (7,514)
103.24% 109.50% 98.53% 103.19% 95.99% 105.62% 99.06% 100.16% 101.69%
$ 1,364,405 $ 1,408,871 $ 1,352,780 $ 1,150,893 $ 1,055,433 $ 1,140,976 $ 1,119,822 $ 1,116,721 $ 1,068,342
-6.34% -16.90%
2.27% -4.51%
5.12%
-5.39%
0.72%
Note 1 - GASB 68 requires that information on this schedule be presented on the measurement date basis, which is on a calendar year basis. This schedule will also ultimately present the
last ten years of information. The measurement year 2014 is the first year for which this information is available.
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-0.09%
-0.70%
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
SCHEDULE OF EMPLOYER PENSION CONTRIBUTIONS (LAST TEN FISCAL YEARS)
TEXAS COUNTY AND DISTRICT RETIREMENT SYSTEM
FOR THE YEAR ENDED SEPTEMBER 30, 2023
Contractually required contributions
Contributions in relation to the contractually
required contributions
Contribution deficiency (excess)
January 17, 2024 Regular Meeting Agenda Packet
2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
$ 158,013 $ 148,867 $ 117,151 $ 97,337 $ 92,561 $ 102,802 $ 97,875 $ 97,043 $ 93,694 $ 84,476
158,013 148,867 122,021 103,641 94,803 102,802 97,875 97,043 93,694 198,219
$ $ $ (4,870) $ (6,304) $ (2,242) $ $ $ $ - $ (113,743)
District's covered -employee payroll $ 1,364,747 $ 1,436,437 $ 1,352,780 $ 1,146,956 $ 1,055,433 $ 1,140,976 $ 1,119,822 $ 1,116,721 $ 1,068,342 $ 963,243
Contributions as a percentage of covered
employee payroll
11.6% 10.4% 9.0% 9.0% 9.0% 9.0% 8.7% 8.7% 8.8% 20.6%
GASB 68 requires that information on this schedule be presented on the District's fiscal year basis.
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January 17, 2024 Regular Meeting Agenda Packet
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
SCHEDULE OF CHANGES IN TOTAL OPEB LIABILITY AND RELATED RATIOS (LAST TEN MEASUREMENT YEARS)
TEXAS COUNTY AND DISTRICT RETIREMENT SYSTEM
FOR THE YEAR ENDED SEPTEMBER 30, 2023
December December December December December December
31, 2022 31, 2021 31, 2020 31, 2019 31, 2018 31, 2017
Total OPEB Liability
Service cost $ 4,273 $ 4,121 $ 3,314 $ 2,241 $ 2,503 $ 2,889
Interest on total pension liability 771 736 771 778 669 595
Effect of plan changes - -
Difference between expected and actual experience (3,949) (2,610) (2,345) (1,422) (678) (321)
Effect of assumptions changes or inputs (9,745) 408 4,033 6,476 (2,704) 946
Benefit payments/Refund of contributions (136) - - -
Net Change in Total OPEB Liability (8,786) 2,655 5,773 8,073 (210) 4,109
Total OPEB liability, beginning 33,246
Total OPEB liability, ending
30,591 24,818
16,745 16,955 12,846
$ 24,460 $ 33,246 $ 30,591 $ 24,818 $ 16,745 $ 16,955
Covered payroll $ 1,364,405 $ 1,408,871 $ 1,352,780 $ 1,150,893 $ 1,055,433 $ 1,140,976
Total OPEB liability as a percentage of covered payroll
1.79% 2.36% 2.26% 2.16% 1.59% 1.49%
Note 1 - GASB 75 requires that information on this schedule be presented on the measurement date basis, which is on a calendar year basis. This schedule will also ultimately
present the last ten years of information. The measurement year 2017 is the first year for which this information is available.
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TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
SCHEDULE OF EMPLOYER OPEB CONTRIBUTIONS (LAST TEN FISCAL YEARS)
TEXAS COUNTY AND DISTRICT RETIREMENT SYSTEM
FOR THE YEAR ENDED SEPTEMBER 30, 2023
Contractually required contributions
Contributions in relation to the contractually required
contributions
Contribution deficiency (excess)
January 17, 2024 Regular Meeting Agenda Packet
2023 2022 2021 2020 2019 2018
$ 3,005 $ 3,964 $ 3,886 $ 4,552 $ 2,635 $ 2,673
3,005 3,964
3,886 4,552
2,635 2,673
$ - $ $ $ - $ $
District's covered -employee payroll $ 1,364,747 $ 1,436,437 $ 1,352,780 $ 1,146,956 $ 1,055,433 $ 1,140,976
Contributions as a percentage of covered employee payroll
0.22% 0.28% 0.29% 0.40% 0.25% 0.23%
Note 1 - GASB 75 requires that information on this schedule be presented on the District's fiscal year basis. This schedule will also ultimately present the last ten years of
information. 2018 is the first year for which this information is available.
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January 17, 2024 Regular Meeting Agenda Packet
OTHER SUPPLEMENTARY INFORMATION
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January 17, 2024 Regular Meeting Agenda Packet
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
TSI -1 SERVICES AND RATES
SEPTEMBER 30, 2023
1. Services provided by the District:
a) Retail Water
b) Retail Wastewater
c) Wholesale Water
d) Wholesale Wastewater Treatment
e) Fire Protection
f) Irrigation
g) Participates in regional system and/or wastewater service (other than
emergency interconnect)
2. Retail service providers: Current Rates
Water Base Rates
Residential and Commercial
Meter Size
5/8"
1"
1.5"
2"
3"
4"
6"
Base Rate
$20.26
$38.08
$67.54
$108.06
$204.80
$337.68
$675.38
Water Volumetric Rates
Rates per 1,000
$4.60
$5.35
$6.19
$7.19
$8.36
Gallons
0 to 6,000
6,001 to 17,000
17,001 to 25,000
25,001 to 50,000
50,001 +
Sewer Base Fee
Residential*
Base Rate
$22.15
Sewer Volimetric Rates
Rates per 1,000
$3.57
$5.09
$7.18
$10.22
Gallons
0 to 4,000
4,001 to 8,000
8,001 to 12,000
12,000 +
Commercial** $22.15 $8.57 1,000 +
*Effective October 1, 2016 Winter Averaging for Sewer Rates were adopted for Residential Customers. Residential
sewer rates each year are based on average water usuage for the months of December, January, and February.
**Commercial sewer usage is billed based on actual water usage per month
NOTE: Water rates noted above were effective October 1, 2022 and the Wastewater rates effective April 1, 2023.
District employs winter averaging for wastewater usage? Yes
***Total water and wastewater charges per 10,000 gallons usage (including surcharges)
effective April 1, 2020 (based on 5/8" & 3/4")
First 10,000 gallons used 10,000 $
Next 10,000 gallons used 20,000 $
Next 10,000 gallons used 30,000 $
Next 10,000 gallons used 40,000 $
Next 10,000 gallons used 50,000 $
Next 10,000 gallons used and subsequent 60,000 $
140.41
196.43
263.33
335.23
407.13
490.73
*** The above sewer calculations are based on a Winter Average of 10,000 gallons per month.
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January 17, 2024 Regular Meeting Agenda Packet
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
TSI -1 SERVICES AND RATES
SEPTEMBER 30, 2023
b) Retail service providers: number of retail water and/or wastewater* connections within the District as
of the fiscal year end. Provide actual numbers and single family equivalents (ESFC).
Meter Size
Connections ESFC Active
Total Active Factor ESFC's
Unmetered - 1
Less than 3/4" 2,497 2,503 1 2,503
1" 707 702 3 1,755
1 1/2" 28 28 5 140
2" 105 105 8 840
3" 42 42 15 630
4" 17 17 25 425
6" 5 5 50 250
8" 1 1 80 80
10" - 115
Total Water 3,412 3,403 6,623
Total Wastewater 3,417 3,407 1 3,407
* Number of connections relates to water service if provided. Otherwise, the number of wastewater
connections should be provided.
Note: Total water connections does not include Fire Lines or Portable meters
Note: "inactive" means that water and wastewater connections were made, but service is not
being provided.
Note: District provides wholesale services to the Town of Trophy Club through 1,443 connections
3. Total water consumption (in thousands) during the fiscal year:
Gallons pumped into the system
Gallons billed to customers
Water accountability ratio
1,155, 952
1,049,905
90.83%
4. Standby Fees:
Does the District assess standby fees? No
For the most recent fiscal year, FY2023:
Total Total Percentage
Levy Collected Collected
Debt Service $ 696,446 $ 690,063 99.00%
Operations and Maintenance $ 1,345,535 $ 1,332,824 99.00%
Have standby fees been levied in accordance with Water Code Section 49.231, thereby
constituting a lien on property? No
5. Location of District:
Counties in which District is located: Denton
Tarrant
Is the District located entirely in one county? No
Is the District located within a city? Partially
Cities in which District is located: Town of Trophy Club
Town of Westlake
Is District located within a city's extra territorial jurisdiction (ETJ)? Unknown
ETJ's in which District is located: Unknown
Is the general membership of the Board appointed by an office outside No
the District?
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January 17, 2024 Regular Meeting Agenda Packet
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
TSI -2
General Fund Expenditures and Other Financing Uses
Year End September 30, 2023
Current Year Prior Year
2023 2022
Administrative $ 1,546,349 $ 1,424,573
Water Operations 4,157,215 4,025,300
Wastewater Operations 1,460,607 1,530,667
Contribution to Trophy Club Fire Dept 978,435 918,658
Capital Outlay 3,553,442 2,000,049
Transfers Out and Debt Service 1,694,176 1,823,389
Total Expenditures $ 13,390,224 $ 11,722,636
Number of employees employed by the District:
Full time Equivalents (FTEs) 14 15
Part time 0 0
'• The Town of Trophy Club handles the operations of the Fire Department based on an
Interlocal Agreement with Trophy Club Municipal Utility District No.1.
The District reimburses the annual Town's Fire Budget in equal monthly payments.
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Funds
January 17, 2024 Regular Meeting Agenda Packet
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
TSI -3 TEMPORARY INVESTMENTS
September 30, 2023
Identification Interest Maturity Balance Accrued Interest
Number Rate Date End of Year Paid Term
Reserve Fund
Prosperity Bank XXXXX7724 3.20% Demand $ 1,936,872 Paid monthly
(Money Market)
General Fund
Prosperity Bank XXX8701 0.35% Demand $ 4,295,920 Paid monthly
General Fund, Fire Fund, & GASB Reserves
TexPool XXXXX0002 5.32% Demand $ 7,652,770 Paid daily
Debt Service Fund
TexPool XXXXX0003 5.32% Demand $ 85,835 Paid daily
Debt Service -Revenue
Bond
Texpool XXXXX0013 5.32% Demand $ 39,137 Paid daily
Revenue Bond
Reserve
Texpool XXXXX0014 5.32% Demand $ 942,343 Paid daily
SWIFT Revenue Bond
Debt Service
Texpool XXXXX0017 5.32% Demand $ 11,714 Paid daily
W&WW 19 Revenue Bond
Construction
Texpool XXXXX0018 5.32% Demand $ 1,179,059 Paid daily
W&WW 19 Revenue Bond
Debt Service
Texpool XXXXX0020 5.32% Demand $ 6,476 Paid daily
SWIFT Revenue Bond
Escrow Account
Bank of Texas BOKF 82-1747-01-1 5.32% Demand $ 817,017 Paid daily
TCEQ Revenue Bond
Escrow Account
Bank of Texas BOKF 82-3288-01-4 4.76% Demand $ Paid daily
Total - All Funds $ 16,967,143
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Taxes receivable beginning of year
2022 tax levy
Total to be accounted for
Less collections and adjustments:
Current year
Prior years
Total to be accounted for
Taxes receivable, end of year
Taxes receivable by year
1999 and prior
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
Property valuations (in 000's)
Land
Improvements
Personal property
Exemptions
Tax rate per $100 valuation
Operations
Fire department
Debt service
Tax rate per $100 valuation
Tax levy:
January 17, 2024 Regular Meeting Agenda Packet
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
TSI -4 TAXES LEVIED AND RECEIVABLE
SEPTEMBER 30, 2023
General Fund
Operations
$ 1,288
84,337
85,626
(84,163)
626
Fire
Debt
Total Service
$ 12,891 $
1,207,118
1,220,009
(1,204,621)
(8,521)
(83,537) (1,213,141)
14,180 $
1,291,455
Total
7,294 $ 21,474
668,475
1,305,635
(1,288,784)
(7,895)
$ 2,089 $ 6,868 $
(1,296,678)
675,769
1,959,930
1,981,403
(667,092) (1,955,876)
( 5,292) (13,187)
8,956 $
(672,384) (1,969,063)
3,384 $ 12,341
$ - $ $ - $ $
$ $ - $ - $ - $
$ $ - $ - $ - $
$ $ - $ - $ $
$ - $ - $ $ $
$ - $ - $ - $ $
$ - $ $ - $ $
$ $ - $ - $ - $
$ $ $ - $ $
$ $ - $ - $ $
$ $ - $ - $ $ -
$ 33 $ 410 $ 443 $ 289 $ 732
$ 37 $ 414 $ 451 $ 212 $ 663
$ 42 $ 445 $ 487 $ 83 $ 570
$ 54 $ 501 $ 555 $ 210 $ 765
$ 91 $ 471 $ 562 $ 251 $ 813
$ 18 $ 274 $ 292 $ 206 $ 498
$ 17 $ 281 $ 298 $ 183 $ 481
$ 63 $ 546 $ 609 $ 347 $ 956
$ 104 $ 914 $ 1,018 $ 562 $ 1,580
$ (237) $ (2,132) $ (2,369) $ (1,198) $ (3,567)
$ 134 $ 1,228 $ 1,362 $ 680 $ 2,042
$ 150 $ 1,399 $ 1,549 $ 761 $ 2,310
$ 174 $ 2,497 $ 2,671 $ 1,383 $ 4,054
$ 680 $ 7,248 $ 7,928 $ 3,969 $ 11,897
FY FY FY FY FY
21/22 20/21 19/20 18/19 17/18
$ 963,053 $ 824,647 $ 823,775 $ 800,425 $ 667,906
1,268,107 1,239,177 1,159,708 1,042,035 981,366
116,148 108,942 101,998 109,764 103,985
(260,389) (162,059) (152,776) (140,704) (81,906)
$ 2,086,919 $ 2,010,707 $ 1,932,705 $ 1,811,520 $ 1,671,351
0.00687 0.00709 0.00748 0.00765 0.00788
0.06412 0.06476 0.06738 0.06719 0.06870
0.03489 0.03589 0.03787 0.04134 0.04363
0.10588 0.10774 0.11273 0.11618 0.12021
$ 2,039,976 $ 2,056,855 $ 2,052,305 $ 1,919,984 $ 1,870,008
Percent of taxes collected to taxes levied 99.85% 99.71% 99.76% 99.48% 99.75%
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January 17, 2024 Regular Meeting Agenda Packet
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
TSI -4 TAXES LEVIED AND RECEIVABLE
SEPTEMBER 30, 2023
Tax rate for any other special district which (a) encompass less than a county, (b) provides water, wastewater collection,
drainage or roads to property in the district and (c) taxes property in the district.
Name of Special Districts
Service Provided Tax Rate
None $
Total rate(s) of special districts $
Tax rates (per $100 net taxable value) for all overlapping jurisdictions. Include any taxing entities which overlap 10% or more
of the District.
Denton County Tarrant County
County Denton/Tarrant 0.217543 0.224
City Town of Trophy Club 0.434799 0.434799
School District Northwest ISD/Carroll ISD 1.2746 1.2188
1.926942 1.877599
Special Districts not included above
Hospital District 0 0.224429
Tarrant County Comm. College 0 0.13017
Total Special Districts 0 0.354599
MUD 1 District Tax Rate 0.09134 0.09134
Total Overlapping Tax District 2.018282 2.323538
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January 17, 2024 Regular Meeting Agenda Packet
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO.1
TSI -5 LONG-TERM DEBT SERVICE REQUIREMENTS - BY YEARS
SEPTEMBER 30, 2023
Due During Fiscal
All Bonded Debt Series
Principal Due Interest Due
Years Ending 1 -Sep Mar 1/ Sep 1 Total
2024 $ 1,235,000 $ 563,128 $ 1,798,128
2025 1,265,000 538,296 1,803,296
2026 1,285, 000 511,556 1,796,556
2027 1,325,000 482,948 1,807,948
2028 1,360,000 452,287 1,812,287
2029 1,400,000 419,307 1,819,307
2030 1,440,000 383,809 1,823,809
2031 1,485,000 344,703 1,829,703
2032 1,400,000 304,049 1,704,049
2033 1,440, 000 263,749 1,703,749
2034 1,500,000 221,124 1,721,124
2035 1,130,000 175,675 1,305,675
2036 515,000 142,612 657,612
2037 250,000 129,538 379,538
2038 255,000 122,038 377,038
2039 265,000 114,069 379,069
2040 275,000 105,788 380,788
2041 285,000 96,850 381,850
2042 290,000 87,588 377,588
2043 300,000 78,163 378,163
2044 310,000 68,413 378,413
2045 320,000 58,338 378,338
2046 330,000 47,538 377,538
2047 345,000 36,400 381,400
2048 355,000 24,756 379,756
2049 365,000 12,775 377,775
$ 20,725,000 $ 5,785,489 $ 26,510,489
Due During Fiscal
Years Ending
General Obligation Bonds - Series 2014
(5,765,000)
Principal Due Interest Due
1 -Sep Mar 1/ Sep 1
Total
2024 290,000 112,313 402,313
2025 295,000 105,063 400,063
2026 305,000 97,688 402,688
2027 315,000 90,063 405,063
2028 325,000 81,400 406,400
2029 335,000 72,463 407,463
2030 345,000 62,413 407,413
2031 360,000 51,200 411,200
2032 370,000 39,500 409,500
2033 385,000 27,475 412,475
2034 400,000 14,000 414,000
$ 3,725,000
$ 753,575 $ 4,478,575
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January 17, 2024 Regular Meeting Agenda Packet
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO.1
TSI -5 LONG-TERM DEBT SERVICE REQUIREMENTS - BY YEARS (CONTINUED)
SEPTEMBER 30, 2023
Unlimited Tax Refunding Bonds, Series 2020
Refunded Bond: M1 Series 2010
(1,220,000)
Due During Fiscal Principal Due Interest Due
Years Ending 1 -Sep Mar 1/ Sep 1 Total
2024 120,000 12,675 132,675
2025 120,000 11,115 131,115
2026 115,000 9,555 124,555
2027 120,000 8,060 128,060
2028 125,000 6,500 131,500
2029 125,000 4,875 129,875
2030 125,000 3,250 128,250
2031 125,000 1,625 126,625
Due During Fiscal
Years Ending
$ 975,000 $ 57,655 $ 1,032,655
Revenue Bonds - Series 2015
(9,230,000)
Principal Due Interest Due
1 -Sep Mar 1/ Sep 1
Total
2024 435,000 175,838 610,838
2025 450,000 167,138 617,138
2026 460,000 157,013 617,013
2027 475,000 145,513 620,513
2028 490,000 133,638 623,638
2029 510,000 120,163 630,163
2030 525,000 106,138 631,138
2031 545,000 90,388 635,388
2032 565,000 74,038 639,038
2033 585,000 57,088 642,088
2034 610,000 39,538 649,538
2035 630,000 20,475 650,475
Due During Fiscal
Years Ending
$ 6,280,000
$ 1,286,963 $ 7,566,963
Revenue Bonds - Series 2016
(4,635,000)
Principal Due Interest Due
1 -Sep Mar 1/ Sep 1
Total
2024 220,000 53,115 273,115
2025 225,000 50,893 275,893
2026 225,000 48,463 273,463
2027 230,000 45,875 275,875
2028 230,000 42,862 272,862
2029 235,000 39,619 274,619
2030 240,000 35,671 275,671
2031 245,000 31,303 276,303
2032 250,000 26,624 276,624
2033 250,000 21,749 271,749
2034 260,000 16,749 276,749
2035 265,000 11,262 276,262
2036 270,000 5,724 275,724
$ 3,145,000
$ 429,909 $ 3,574,909
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January 17, 2024 Regular Meeting Agenda Packet
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO.1
TSI -5 LONG-TERM DEBT SERVICE REQUIREMENTS - BY YEARS (CONTINUED)
SEPTEMBER 30, 2023
Revenue Bonds - Series 2019
(7,080,000)
Due During Fiscal Principal Due Interest Due
Years Ending 1 -Sep Mar 1/ Sep 1 Total
2024 170,000 209,188 379,188
2025 175,000 204,088 379,088
2026 180,000 198,838 378,838
2027 185,000 193,438 378,438
2028 190,000 187,888 377,888
2029 195,000 182,188 377,188
2030 205,000 176,338 381,338
2031 210,000 170,188 380,188
2032 215,000 163,888 378,888
2033 220,000 157,438 377,438
2034 230,000 150,838 380,838
2035 235,000 143,938 378,938
2036 245,000 136,888 381,888
2037 250,000 129,538 379,538
2038 255,000 122,038 377,038
2039 265,000 114,069 379,069
2040 275,000 105,788 380,788
2041 285,000 96,850 381,850
2042 290,000 87,588 377,588
2043 300,000 78,163 378,163
2044 310,000 68,413 378,413
2045 320,000 58,338 378,338
2046 330,000 47,538 377,538
2047 345,000 36,400 381,400
2048 355,000 24,756 379,756
2049 365,000 12,775 377,775
$ 6,600,000 $ 3,257,388 $ 9,857,388
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January 17, 2024 Regular Meeting Agenda Packet
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
TSI -6 CHANGES IN LONG-TERM BONDED DEBT
SEPTEMBER 30, 2023
Series 2012 Series 2013 Series 2014 M1 GO Series 2020 Series 2015 Series 2016 Series 2019
GO Bonds GO Bonds GO Bonds GO Bonds Revenue Bonds Revenue Bonds Revenue Bonds
Total
Interest rate 2.00-3.00% 2.00-3.50% 1.50-3.50% 1.3% 2.0-3.25% 0.53-2.12% 3.00-3.50%
Date interest payable 3/1 & 9/1 3/1 & 9/1 3/1 & 9/1 3/1 &9/1 3/1 & 9/1 3/1 & 9/1 3/1 & 9/1
Maturity date 9/1/2023 9/1/2023 9/1/2034 9/1/2031 9/1/2035 9/1/2036 9/1/2049
Bonds outstanding at
beginning of year $ 250,000 $ 215,000 $ 4,005,000 $ 1,090,000 $ 6,700,000 $ 3,365,000 $ 6,765,000 $ 22,390,000
Retirements of principal $ 250,000 $ 215,000 $ 280,000 $ 115,000 $ 420,000 $ 220,000 $ 165,000 $ 1,665,000
Bonds outstanding at end of
fiscal year $ - $ $ 3,725,000 $ 975,000 $ 6,280,000 $ 3,145,000 $ 6,600,000 $ 20,725,000
Retirements of interest
$ 7,500 $ 7,525 $ 118,613 $ 14,170 $ 184,238 $ 55,139 $ 214,138 $ 601,323
Paying agent's name & city: The Bank of New The Bank of New The Bank of TX JP Morgan The Bank of TX The Bank of TX The Bank of TX
York Mellon York Mellon Corporate Trust Chase Corporate Trust Corporate Trust Corporate Trust
Newark, NJ Newark, NJ Austin, TX New York, NY Austin, TX Austin, TX Austin, TX
Bond Authority
General
Obligation
Bonds
Amount authorized by voters $ 34,859,217
Amount issued $ 34,855,000
Remaining to be issued $ 4,217
The general obligation bonds were authorized on October 7, 1975
Debt Service Fund cash and cash equivalents balance as of September 30, 2023: $ 1,085,505
Average annual debt service payment (principal & interest) for remaining term of debt: $ 1,811,527
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January 17, 2024 Regular Meeting Agenda Packet
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
TS1-7 COMPARATIVE SCHEDULES OF REVENUES AND EXPENDITURES -FIVE YEARS
GENERAL FUND
SEPTEMBER 30, 2023
Amounts Percentage
REVENUE 2023 2022 2021 2020 2019 2023 2022 2021 2020 2019
Ad valorem property taxes $ 1,355,148 $ 1,434,197 $ 1,378,844 $ 1,371,466 $ 1,231,580 9.7% 11.3% 12.5% 12.6% 11.6%
Water and wastewater charges 11,847,030 10,809,305 9,222,445 9,109,566 8,539,760 84.6% 85.0% 83.7% 83.6% 80.7%
Inspection and tap fees 4,100 8,099 12,500 20,300 6,900 0.0% 0.1% 0.1% 0.2% 0.1%
Interest earned 397,122 66,251 18,386 81,518 139,388 2.8% 0.5% 0.2% 0.7% 1.3%
Debt proceeds - - (7,080) 0.0% 0.0% 0.0% 0.0% -0.1%
Transfers In - - 32,080 0.0% 0.0% 0.0% 0.0% 0.3%
Proceeds from Sale of Assets 110,979 21,001 23,975 12,520 52,600 0.8% 0.2% 0.2% 0.1% 0.5%
Capital Lease Financing 204,004 0.0% 0.0% 0.0% 0.0% 1.9%
Miscellaneous and other 291,169 377,827 359,189 300,746 376,822 2.1% 3.0% 3.3% 2.8% 3.6%
Total revenue $ 14,005,548 $ 12,716,680 $ 11,015,339 $ 10,896,116 $10,576,054 100.0% 100.0% 100.0% 100.0% 100.0%
EXPENDITURES
Administrative $ 1,546,349 $ 1,424,573 $ 1,405,997 $ 1,388,918 $ 1,304,577 11.5% 12.2% 13.2% 14.4% 13.4%
Water operations 4,157,215 4,025,300 2,982,828 2,919,210 3,001,947 31.0% 34.3% 28.1% 30.3% 30.9%
Wastewater operations 1,460,607 1,530,667 1,508,659 1,252,392 1,048,445 10.9% 13.1% 14.2% 13.0% 10.8%
Contribution to Trophy Club Fire Dept 978,435 918,658 839,816 738,348 692,347 7.3% 7.8% 7.9% 7.7% 7.1%
Capital outlay 3,553,442 2,000,049 1,034,637 931,856 2,036,172 26.5% 17.1% 9.7% 9.7% 21.0%
Transfers Out and Debt Service 1,694,176 1,823,389 2,858,279 2,405,409 1,619,062 12.7% 15.6% 26.9% 25.0% 16.7%
Total expenditures $ 13,390,224 $ 11,722,635 $ 10,630,215 $ 9,636,133 $ 9,702,550 100% 100.0% 100.0% 100.0% 100.0%
Excess (deficiency) of revenues
over (under) expenditures
$ 615,324 $ 994,045 $ 385,123 $ 1,259,983 $ 873,504 4.4% 7.8%
Total active retail water and/or
wastewater connections 3,407 3,379 3,374 3,371 3,330
51
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3.5%
11.6% 8.3%
January 17, 2024 Regular Meeting Agenda Packet
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
TSI -7 COMPARATIVE SCHEDULES OF REVENUES AND EXPENDITURES -FIVE YEARS (Continued)
DEBT SERVICE FUND
SEPTEMBER 30, 2023
Amounts Percentage
REVENUE 2023 2022 2021 2020 2019 2023 2022 2021 2020 2019
Ad valorem property taxes $ 701,238 $ 704,644 $ 688,651 $ 693,604 $ 677,477 30.2% 30.8% 30.5% 31.0% 31.8%
Penalties and interest 2,010 0.0% 0.0% 0.0% 0.0% 0.1%
Transfers in from other funds 1,573,226 1,574,226 1,565,786 1,535,035 1,413,156 67.7% 68.8% 69.4% 68.6% 66.3%
Interest earned 49,191 7,980 286 6,776 37,255 2.1% 0.3% 0.0% 0.3% 1.7%
Miscellaneous and other - - - 1,220 - 0.0% 0.0% 0.0% 0.1% 0.0%
Total revenue 2,323,655 2,286,850 2,254,723 2,236,635 2,129,898 100.0% 100.0% 100.0% 100.0% 100.0%
EXPENDITURES
Principal retirement
Interest and fiscal charges
Bond admin fees
Total expenditures
Excess (deficiency) of revenues
over (under) expenditures
1,665,000 1,625,000 1,580,000 1,370,000 1,350,000 73.4% 71.8% 70.2% 62.0% 71.2%
601,296 636,539 665,987 837,477 543,396 26.5% 28.1% 29.6% 37.9% 28.7%
2,100 2,600 3,350 3,292 2,950 0.1% 0.1% 0.1% 0.1% 0.2%
2,268,396 2,264,139 2,249,337 2,210,769 1,896,346 100.0% 100.0% 100.0% 100.0% 100.0%
$ 55,259 $ 22,711 $ 5,386 $ 25,865 $ 233,552 2.4% 1.0% 0.2% 1.2% 11.0%
52
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TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
TSI -8 BOARD MEMBERS, KEY PERSONNEL, AND CONSULTANTS
September 30, 2023
Complete District Mailing Address: 100 Municipal Drive, Trophy Club, Texas 76262
District Business Telephone Number: Metro (682) 831-4600
Limit of Fees of Office that a Director may receive during a fiscal year: $0
(Set by Board Resolution - TWC Section 49.060)
Name and Address
Board Members:
Term of Office Fees of Expense Title
Elected/Expires Office Paid Reimbursements at
or Date Hired FY2023 FY2023 Year End
Kevin Carr
15 Edgemere Drive
Trophy Club, TX 76262 11/20-5/24 $ $ President
William Rose
219 Inverness Drive
Trophy Club, TX 76262
Doug Harper
16 Fair Green Drive
Trophy Club, TX 76262
Ben Brewster
222 Fresh Meadow Drive
Trophy Club, TX 76262
Tracey Hunter
19 Monterrey Drive
Trophy Club, TX 76262
11/20-5/24 $
5/22-5/26 $
5/22-5/26 $
5/22-5/26 $
53
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Director
- Secretary/Treasurer
- Vice -President
Director
January 17, 2024 Regular Meeting Agenda Packet
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
TSI -8 BOARD MEMBERS, KEY PERSONNEL, AND CONSULTANTS (Continued)
SEPTEMBER 30, 2023
Name and Address
Consultants/Legal:
Date of Contract Total Paid Out Type of
or Vendor Created FY 2023 Vendor
Denton Central Appraisal District
P.O. Box 2816
Denton, TX 76202 4/1/1981 $ 8,655 Appraiser
Tarrant Appraisal District
2500 Handley-Ederville Rd.
Fort Worth, TX 76262 10/1/2007 $ 2,609 Appraiser
Rod L Abbott CPA LLC
P.O. Box 75
Tom Bean, Tx 75489 8/27/2020 $ 22,064
Halff Associates, Inc.
P.O. Box 678316
Dallas, TX 75267-8316 1/1/2017 $ 94,679
Auditors
Engineers
Garver
P.O. Box 736556
Dallas, TX 75373-6556 12/3/2021 $ 217,154 Engineers
Bickerstaff Heath Delgado Acosta LLP
901 S. Mopac Expressway
Building #1, Suite 300
Austin, TX 78746 4/1/2023 $ 19,993 Legal Counsel
McLean & Howard, L.L.P.
901 S. Mopac Expressway
Building 2, Suite 225
Austin, TX 78746 3/1/2017 $ 10,170 Legal/Bond Counsel
Whitaker Chalk Swindle & Schwartz PLLC
301 Commerce St, Suite 3500
Fort Worth, TX 76102-4186 4/30/2018 $ 1,100 Legal Counsel
New Gen Strategies & Solutions
1300 E. Lookout Dr. Suite 100
Richardson, TX 75082 7/1/2013 $ 5,058 Rate Consultant
54
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TROPHY CLUB
MUNICIPAL
UTILITY
DISTRICT
January 17, 2024 Regular Meeting Agenda Packet
STAFF REPORT
AGENDA ITEM: Consider and act regarding approval of Contract No. 2024011701 with
Insituform Technologies, LLC for wastewater collection system repairs.
DESCRIPTION: This project consists of all labor, materials, equipment, and services necessary
to complete wastewater collection system point repairs identified during the FY 2023 annual
wastewater system analysis. Pricing for this project was requested utilizing Buyboard
Cooperative Purchasing Contract No. 635-21.
ATTACHMENTS: Insituform Technologies, LLC Proposal
RECOMMENDATION: Staff recommend awarding Contract No. 2024011701 for wastewater
collection system repairs to Insituform Technologies, LLC for an amount not to exceed
$370,770.00 and authorize the General Manager to execute any necessary documents.
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Insituform
Technologies; LLC
An Aegion Company
January 11, 2024
Mr. Alan Fourmentin
Trophy Club MUD
100 Municipal Dr.
Trophy Club, TX 76262
Project Name:
1103 Postwood Dr.
Corinth, TX 76210
www.insituform.com
January 17, 2024 Regular Meeting Agenda Packet
Insituform Technologies, LLC is a subsidiary of Aegion Corporation
Name: Tim Peterie Fax: 940-498-0265
Phone: 214-317-0950 Email: tpeterie@insituform.com
SF#: SO -00120391
BuyBoard Proposal
Trophy Club, TX — Basin 14 Sewer Repairs
6"-12" Sewer Point Repairs by Open Cut Excavation
INSITUFORM TECHNOLOGIES, LLC herein proposes to furnish all labor, materials, equipment, and services necessary
to reconstruct the referenced project (as detailed by the information provided by Trophy Club) utilizing the Texas
Statewide Cooperative Purchasing Contract #635-21 administered through the BuyBoard.
ASSUMPTIONS AND QUALIFICATIONS
Insituform Technologies, LLC will work with the Trophy Club MUD to make all practical attempts to notify the
affected residents of this sanitary sewer line repair project and the expected inconveniences.
The pricing in this proposal assumes that all Technical Specifications set forth by the BuyBoard will be strictly
adhered to.
INSITUFORM TECHNOLOGIES, LLC will supply Trophy Club MUD a 2 -year Maintenance Bond, Performance and
Payment Bonds, and Certificate of Insurance following acceptance of this proposal.
Water shall be provided at no cost to Insituform Technologies, LLC for all construction phases of this project.
Insituform Technologies, Inc. will follow all required deposit, backflow prevention, and metering procedures.
Special Notes:
1. The pricing in this proposal takes into account current material prices and are only good for 30
days. If material prices change after 30 days and prior to approval, price adjustments may be
necessary.
2. All quantities are estimates from above ground assessment of the project and review of the videos
provided. The final invoice will reflect actual quantities for all items.
3. Trophy Club MUD will be responsible for all permits and application fees, material testing, and
impact fees as necessary.
4. A contingency allowance has been included to account for unforeseen conditions or changes in
scope. This amount will not be used without prior approval from Trophy Club MUD.
5. Some point repairs may only require internal means for repairs, but none have been confirmed by
the videos provided. A full assessment of the repairs will be made after release of the project and
if internal means can be utilized effectively or with a cost savings, then a change to the contract
will be agreed upon prior to completing said repairs.
6. Two locations from the scope list provided could not be priced due to extraordinary access issues
and should be treated separately by Trophy Club MUD. Those locations are 14 Skyline Dr and
1600 Solana Blvd.
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January 17, 2024 Regular Meeting Agenda Packet
PROPOSAL PRICING
PAY
Travel & Mobilization — Excavation Crew
QTY
U/M
UNIT
ESTIMATED
ITEM
DESCRIPTION
19
EA
PRICE
AMOUNT
NO.
6"-10" Point Repair (8'-12' deep)
7
EA
$5,500.00
$38,500.00
1
Travel & Mobilization — Excavation Crew
1
EA
$7,500.00
$7,500.00
2
6"-10" Point Repair (0'-8' deep)_
19
EA
$5,000.00
$95,000.00
3
6"-10" Point Repair (8'-12' deep)
7
EA
$5,500.00
$38,500.00
4
6"-10" Point Repair (12'-15' deep)
1
EA
$15,500.00
$15,500.00
5
Trench Safety
250
LF
$20.00
$5,000.00
6
Granular Backfill
52
Ton
$75.00
$3,900.00
7
Protect Buried Utilities, Water Lines, or Sprinklers —
Multiple Locations
15
EA
$1,150.00
$17,250.00
8
21 Troon Dr— Protect Mailbox & Sprinklers
1
LS
$1,700.00
$1,700.00
9
33 Troon Dr— Protect Mailbox, Retaining Wall, & R/R
Brick Sidewalk
1
LS
$5,200.00
$5,200.00
10
1 Turnbury Ct — Protect Retaining Wall
1
LS
$2,400.00
$2,400.00
11
22 Cypress — Protect Light Pole
1
LS
$5,100.00
$5,100.00
12
30 Cypress — Protect Light Pole and Access to Site
1
LS
$8,200.00
$8,200.00
13
101 Panorama — Extra Utility Protection
1
LS
$1,900.00
_
$1,900.00
14
Field Management, Access Issues, Hand Excavation
(Per Point Repair)
27
EA
$3,285.00
$88,695.00
15
Repair/Rehab 8" Concrete Pavement
75
SY
$275.00
$20,625.00
16
Repair/Rehab 6" Concrete Driveway
120
SF
$50.00
$6,000.00
17
Repair/Rehab 4" Concrete Sidewalk
SF
$30.00
$900.00
18
Repair/Rehab Concrete Curb & Gutter
_30
20
LF
$50.00
$1,000.00
19
Sod
250
SY
$20.00_
$5,000.00
20
Traffic Control
60
Day
$250.00
$15,000.00
21
Owner Contingency
1
AL
$20,000.00
$20,000.00
22
Bonds
1
LS
$6,400.00
$6,400.00
Total
$370,770.00
PROPOSAL INCLUSIONS
The prices stated in this proposal include:
1. Mobilizations and demobilization.
2. Pipe and other materials.
3. Sod, concrete, and other restoration items.
4. Additional services as listed in pricing for specific repair locations.
5. Traffic control.
6. Confined space safe entry practices.
7. Two-year standard construction warranty, Maintenance, Performance, and Payment Bonds.
8. Certificate of insurance with a standard coverage.
PROPOSAL EXCLUSIONS
Not included in the prices stated in this estimate are costs associated with the items listed below. These items, if
needed or found to be applicable, would be provided by INSITUFORM TECHNOLOGIES, LLC at your additional cost; or
would be furnished by others, at your direction, at no cost to INSITUFORM TECHNOLOGIES, LLC:
a) Water from fire hydrants within a convenient distance from site location.
b) If any hazardous or toxic materials are encountered during the project, the Owner will be responsible for the
removal and disposal of the materials.
c) Construction entrance.
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January 17, 2024 Regular Meeting Agenda Packet
d) Rock excavation.
e) Project permits and/or local licenses with be provided by the Owner or Engineer.
f) State and local sales and/or use taxes on the value of the project. If you are exempt, please submit the
appropriate documentation.
g) Additional premiums for special insurance coverage(s) demanded by you or other parties particular to this
project.
PROPOSAL TERMS AND CONDITIONS
a) LIMITED WARRANTY. IN LIEU OF ALL OTHER EXPRESSED, IMPLIED AND/OR STATUTORY.
WARRANTIES, INCLUDING WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR
PURPOSE, CONTRACTOR AGREES TO CORRECT ANY DEFECTS IN THE MATERIALS OR SERVICES
PROVIDED BY CONTRACTOR WHICH ARE BROUGHT TO THE ATTENTION OF CONTRACTOR WITHIN
TWO YEAR FOLLOWING COMPLETION OF CONTRACTOR'S WORK, PROVIDED OWNER AFFORDS
CONTRACTOR SUITABLE ACCESS AND WORKING CONDITIONS TO ACCOMPLISH SUCH
CORRECTION.
b) PROPOSAL SUBJECT TO NEGOTIATION OF OTHER STANDARD TERMS OF AGREEMENT. This
proposal is subject to agreement of the parties on other terms and conditions as are customary in contracts of
this nature.
c) Quantities are estimated. Unit prices apply for actual invoice and payment.
d) Payments are due at net within thirty days of invoice. Final payment is due within thirty days of completion of
project.
e) Monthly progress partial payments may be requested for the value of work in progress or completed, including
materials secured and on site.
f) Prices stated are in effect for thirty days from the date of this proposal. The acceptance period may be
extended at the sole option of INSITUFORM TECHNOLOGIES, LLC.
g) Insituform Technologies, LLC estimates approximately 120 calendar days for substantial completion.
OFFERED BY: ACCEPTED BY:
INSITUFORM TECHNOLOGIES, LLC
764444 R, p
SIGNATURE DATE
TIMOTHY R. PETERIE NAME
BUSINESS DEVELOPMENT MANAGER
REVIEWED BY:
ANDY OZMENT
AREA MANAGER
cc: Ben Hawkins
Mike McMahon (TCMUD)
TITLE
ORGANIZATION
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TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
RESOLUTION NO. 2024-0117A
A RESOLUTION REGARDING SIGNATORY AUTHORITY FOR TROPHY
CLUB MUNICIPAL UTILITY DISTRICT NO. 1 ACCOUNTS AT
PROSPERTY BANK USA
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 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, banking rules and effective management of the District's finances require that
the Board of Directors (the "Board") of Trophy Club Municipal Utility District No. 1 (the
"District") establish designated persons who shall have signature authority over the District's bank
accounts at Prosperity Bank USA (the "Bank"); and
WHEREAS, it is necessary for the Board to provide that a sufficient number of District
officials be designated with signature authority; and
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1 THAT:
1. The following members of the Board of Directors and the General Manager of Trophy Club
Municipal Utility District No. 1 shall have signatory authority over the District's accounts at
Prosperity Bank USA, each of them mutually having authority to act in the place of any other as
may be convenient for effectively transacting the business of the District:
a. William C. Rose Director
b. Kevin R. Carr Director
c. Jim Thomas Director
d. Ben Brewster Director
e. Doug Harper Director
f. Alan Fourmentin General Manager
2. At least two (2) authorized signors must sign all disbursements of the District.
3. The Board of Directors directs the staff of the District to take all actions necessary and
apply such information and documentation as may be requested by the Bank to affect the
provisions of this Resolution.
4. These changes supersede all previously existing signatory authorities on record with
Prosperity Bank USA.
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January 17, 2024 Regular Meeting Agenda Packet
RESOLVED, PASSED, AND APPROVED on this the 17th day of January 2024.
ATTEST:
Doug Harper
Secretary, Board of Directors
Kevin R. Carr
President, Board of Directors
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(SEAL)
January 17, 2024 Regular Meeting Agenda Packet
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
RESOLUTION NO. 2024-0117B
RESOLUTION DESIGNATING DEPOSITORY INSTITUTIONS,
DESIGNATING AUTHORIZED SIGNATORIES FOR THE
DISBURSEMENT OF DISTRICT FUNDS, PROVIDING FOR
ELECTRONIC TRANSFERS OF DISTRICT FUNDS, AND CONTAINING
OTHER MATTERS RELATING THERETO
STATE OF TEXAS §
COUNTIES OF DENTON AND TARRANT
§
WHEREAS, Trophy Club Municipal Utility District No. 1 (the "District") is a duly
created and existing municipal utility District created and operating under Chapters 49 and 54 of
the Texas Water Code, as amended;
WHEREAS, Section 49.156 of the Water Code requires the Board of Directors of the
District, by order or resolution, to designate one or more banks or savings associations within the
state to serve as the depository for the funds of the District;
WHEREAS, the Board of Directors of the District desires to designate depository
institutions for funds of the District in accordance with Section 49.156 of the Water Code;
WHEREAS, Section 49.151 of the Water Code provides that except as otherwise set forth
therein, a District's money shall be disbursed only by check, draft, order, or other instrument that
shall be signed by at least a majority of the directors. The statute allows a Board, by resolution, to
allow the General Manager, Treasurer, Bookkeeper, or other employee of the District to sign
disbursements. The statute also provides that the board may allow disbursements of District
money to be transferred by Federal Reserve wire system to accounts in the name of the District or
accounts not in the name of the District;
WHEREAS, in accordance with the foregoing statutes, the Board of Directors desires to
designate banks or savings associations to serve as the depository for the funds of the District; to
provide for the disbursement of funds of the District; and to provide for the electronic transfer of
funds, all subject to certain limitations specified herein by the Board of Directors herein for the
safekeeping and protection of public funds.
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1 THAT:
1. The facts and recitations found in the preamble of this Resolution are hereby found
and declared to be true and correct and are incorporated by reference herein and
expressly made a part hereof, as if copied verbatim.
2. Designation of Depository Institutions:
(a) In accordance with Section 49.156 of the Texas Water Code, the Board of
Directors hereby designates those banks and savings associations set forth on
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Exhibit "A" attached hereto (hereinafter, the "Authorized Depository Institutions")
to serve as depositories for the funds of the District.
(b) The District's General Manager and Board of Directors are hereby
authorized to open and close accounts at the Authorized Depository Institutions.
(c) No funds of the District shall be deposited at any of the Authorized
Depository Institutions in excess of the amounts insured by the Federal Deposit Insurance
Corporation unless they are secured in the manner provided by law under the Public Funds
Collateral Act (Chapter 2257, Government Code).
(d) In accordance with Section 49.156 of the Water Code, the Board of
Directors hereby authorizes the following designated representatives to supervise the
substitution of securities pledged to secure the District's funds at the Authorized
Depository Institutions:
Alan Fourmentin General Manager
Steven Krolczyk Finance Manager
3. Authorized Signatories for District Accounts:
(a) Checks, drafts, and other withdrawal or transfer orders issued against funds
of the District on deposit at the Authorized Depository Institutions may be signed only by
the members of the Board of Directors of the District and its General Manager, each of
whom are identified below:
a. William C. Rose Director
b. Kevin R. Carr Director
c. Ben Brewster Director
d. Douglas Harper Director
e. Jim Thomas Director
f. Alan Fourmentin General Manager
(b) The authority of all other persons to sign disbursements, transfer or
withdraw funds, or otherwise conduct any transactions related to the District's funds is
hereby terminated for all purposes.
(c) The General Manager is hereby directed to ensure that signature cards for
all District depository accounts contain current information and only the names of those
individuals authorized to sign disbursements on behalf of the District.
4. Disbursement Authority:
(a) General Manager Disbursement Authority. The General Manager is
authorized to disburse District funds and approve expenditures in accordance with
the terms and conditions of Order 2018-0618B, such Order shall remain in full force
and effect for all purposes.
(b) Other Disbursements. In accordance with Section 49.151 of the Water
Code, and except as otherwise provided hereunder and in Order 2018-0618B,
disbursements of the District's funds by check, draft, order, or other instrument
shall be signed by at least a majority of the directors.
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January 17, 2024 Regular Meeting Agenda Packet
(c) Additional Limitations on Disbursement Authority.
i. Non -payroll checks made payable to the General Manager of the
District may not be signed by the General Manager.
ii. Checks made payable to any Director of the District for director's
fees or reimbursement of expenses may not be signed by the Director
receiving the check.
5. Electronic Transfers: Except as authorized below, the electronic transfer of District
funds is prohibited:
(a) Except as otherwise specified herein, District funds may be transferred
between District accounts or to third party accounts only upon approval of the
Board of Directors.
(b) The General Manager is authorized to approve the electronic transfer of
District funds in accordance with the terms and conditions of Order 2018-0618B.
6. This Resolution supersedes and replaces all previous orders, resolutions and
policies relating to the subject matter hereof. This Resolution does not supersede
or replace Order 2018-0618B.
7. This Resolution shall be effective immediately upon adoption.
8. District staff are hereby directed to take any and all actions that may be required by
the Authorized Depository Institutions to implement this Resolution.
RESOLVED, PASSED AND APPROVED this the 17th day of January 2024.
Kevin R. Carr
President, Board of Directors
ATTEST:
Doug Harper
Secretary, Board of Directors (SEAL)
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Exhibit "A"
Authorized Depository Institutions
Name of Bank
Address
Town
State
Zip
Prosperity Bank
217 North Main
Keller
TX
76248
TexPool
1001 Texas Avenue Suite 1400
Houston
TX
77002
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January 17, 2024 Regular Meeting Agenda Packet
ORDER NO. 2024-0117A
AN ORDER OF TROPHY CLUB MUNICIPAL UTILITY
DISTRICT NO. 1 CALLING AN ELECTION FOR
DIRECTORS; AUTHORIZING EXECUTION OF A JOINT
ELECTION AGREEMENT AND ELECTION SERVICES
AGREEMENT; AND APPROVING OTHER MATTERS
RELATED TO SAID ELECTION
WHEREAS, Trophy Club Municipal Utility District No. 1 (the "District") is a
conservation and reclamation district created under Article XVI, Sec. 59 of the Texas
Constitution by order of the Texas Natural Resource Conservation 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, the Board of Directors of the District desires to conduct an election for the
purpose of electing two (2) directors of Trophy Club Municipal Utility District No. 1 on May
4, 2024;
WHEREAS, Section 271.002 et seq. of the Election Code authorizes joint elections to be
held by certain entities, including two or more political subdivisions in all or part of the same
territory, provided the governing bodies enter into an agreement to hold the election jointly;
WHEREAS, pursuant to Section 271.003 of the Election Code, a regular county polling
place may be used for a common polling place in a joint election, and the voters of a political
subdivision may be served in a joint election by a common polling place outside the boundary
of the political subdivision if the location can adequately and conveniently serve the affected
voters and will facilitate the orderly conduct of the election;
WHEREAS, the District intends to enter into a joint election contract with one or more
other political subdivisions conducting an election on May 4, 2024 and further intends to enter
into contracts with Denton and Tarrant Counties to conduct said joint election; and
WHEREAS, the Board of Directors of the District, in an open, public meeting, proper
notice of which has been given as required by law, has given consideration to calling a director
election for May 4, 2024, and authorizing execution of agreements with Denton County and
Tarrant County for purpose of conducting the election.
NOW, THEREFORE, BE IT ORDERED BY THE BOARD OF DIRECTORS OF
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1 THAT:
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January 17, 2024 Regular Meeting Agenda Packet
Section 1: The matters and facts set out in the preamble of this Order are hereby found and
declared to be true and correct and are incorporated by reference herein and expressly made a
part hereof, as if copied verbatim.
Section 2: An election for two (2) directors shall be held between the hours of 7:00 a.m.
and 7:00 p.m., on the 4 th day of May 2024. The election precincts for the election shall be the
election precincts established by Denton County and Tarrant County, provided that each shall
contain and include geographic area that is within the District. The polling place for each such
election precinct shall be the polling places established by Denton County and Tarrant County for
such election precincts in Denton County and Tarrant County and voting by residents of the District.
The returns for precincts in Denton County and Tarrant County will be provided by precinct and the
Denton County and Tarrant County Elections Administrators shall tabulate and provide the election
returns for the election.
Section 3: The Elections Administrators of Denton County and Tarrant County are
conducting the election pursuant to a contract for election services between the District and such
Election Administrators as authorized under Section 31.092 of the Texas Election Code (the
"Election Services Agreements"). The election shall be held as a joint election pursuant to
Chapter 271 of the Texas Election Code and a joint election agreement to be entered into between
the District and the other eligible participating entities that are holding an election on May 4,
2024 (the "Joint Election Agreement"). The Board of Directors hereby authorizes and directs
its General Manager to enter into the Election Services Agreements and Joint Election
Agreement on behalf of the District.
Section 4: The District's boundaries overlap areas within both Denton and Tarrant
County and the District will therefore contract for election services with both counties to serve
qualified voters of the District that reside in each county. The Denton County Elections
Administrator is appointed to serve as the District's Election Officer to conduct the election for
qualified voters of the District residing in Denton County, and the Tarrant County Elections
Administrator is appointed to serve as the District's Election Officer to conduct the election for
qualified District voters residing in Tarrant County.
Section 5: Early voting shall be conducted at the early voting polling locations
established by Denton County and Tarrant County. These places shall remain open on the dates
and at the times established by Denton County and Tarrant County. The Denton and Tarrant
County Election Administrators are hereby appointed as the Early Voting Clerks for their
respective county. Early voting shall commence on the 12th day before the election (April 22,
2024) and continue through the 4th day preceding the date of the election (April 30, 2024) as
provided by the provisions of the Texas Election Code. The Early Voting Clerks' mailing
addresses to which ballot applications and ballots to be voted by mail may be sent in are as
follows:
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January 17, 2024 Regular Meeting Agenda Packet
For Qualified Voters of the District residing in
Denton County:
Early Voting Clerk
Denton County Elections Administration
701 Kimberly Drive, Suite A101
Denton, Texas 76208
For Qualified Voters of the District residing in
Tarrant County:
Early Voting Clerk
Tarrant County Elections Administration
2700 Premier Street
Fort Worth, Texas 76111
Section 6: All residents and qualified electors of the District shall be entitled to vote at
the election. Qualified electors of the District residing in Denton County shall vote at locations
established by Denton County. Qualified electors of the District residing in Tarrant County shall
vote at locations established by Tarrant County.
Section 7: At said election, there shall be submitted to the duly qualified resident electors
of the District the matter of electing two (2) directors by submitting the names of those persons
who have duly and legally filed as candidates for such office. The purpose of the election is to
elect a Director to Place One (1) for a four (4) year term and to elect a Director to Place Two (2)
for a four (4) year term. Directors shall be elected by plurality vote by place number.
Section 8: Written application to have a person's name printed on the ballot as a candidate
for the office of Director of the District must be signed by the candidate and must be received
by the District Secretary no later than 5:00 p.m. on February 16, 2024. No person's name shall
be placed on the ballot unless he or she is at least eighteen (18) years of age, a resident citizen
of the State of Texas, owns land subject to taxation in the District, or is a qualified voter within
the District. No person who is disqualified by the laws of the State of Texas from serving as a
director of this District shall have his or her name placed on the ballot. The District Secretary is
authorized to determine the qualifications of candidates for office. Any person not satisfied
with the District Secretary's ruling may appeal the decision to the Board of Directors of the
District. Blank applications and copies of this Order may be obtained from the District Secretary,
who is hereby designated as the District's agent for purposes of the May 4, 2024, election.
Section 9: The election shall be held and conducted, and returns made to this Board of
Directors in accordance with the Texas Election Code, as modified by Chapters 49 and 54, Texas
Water Code.
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January 17, 2024 Regular Meeting Agenda Packet
Section 10• Immediately after the election, the officers holding same shall make and
deliver the returns of the results thereof to the District Secretary, who shall safely keep them and
deliver same to the Board of Directors at its next meeting, at which time the Board shall timely
canvass said returns and declare the results of said election.
Section 11: The District Secretary is hereby directed to cause notice of the election to be
provided in English, Spanish and Vietnamese in accordance with the requirements of Section
4.003 of the Texas Election Code and all other requirements of law.
Section 12: The rate of pay for judges and clerks of the election shall be determined by the
Denton County Election Officer and the Tarrant County Election Officer in compliance with the
Texas Election Code.
Section 13: The District's President, Secretary, General Manager, and legal counsel are
authorized and directed to take any action necessary to carry out the provisions of this Order,
including entering into one or more joint election agreements with other political subdivisions
in Denton and Tarrant Counties, Texas that will be conducting an election on May 4, 2024,
at the locations identified on the exhibits attached hereto.
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January 17, 2024 Regular Meeting Agenda Packet
ADOPTED, PASSED AND APPROVED this 17th day of January 2024.
ATTEST:
Doug Harper, Secretary/Treasurer
Board of Directors
Laurie Slaght, District Secretary
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Kevin R. Carr, President
Board of Directors
(SEAL)
January 17, 2024 Regular Meeting Agenda Packet
NOTICE OF APPOINTMENT OF AGENT
FOR MAY 4, 2024, DIRECTOR ELECTION
TO: ALL PERSONS INTERESTED IN THE DIRECTOR ELECTION OF
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1:
Notice is hereby given that the undersigned, Secretary of the Board of Directors of
Trophy Club Municipal Utility District No. 1 (the "District"), acting pursuant to Section
31.123, Texas Election Code, appoints Laurie Slaght, District Secretary as the duly
authorized agent (the "Agent") for all purposes for the May 4, 2024, Director Election.
The office for the Agent is located at 100 Municipal Drive, Trophy Club, Texas 76262,
and the telephone number for the Agent is (682) 831-4600. The Agent shall be available
for election duties at least three hours each day, during regular office hours on regular
business days, beginning on March 14, 2024, the 50th day before Election Day and not
ending earlier than June 12, 2024, the 40th day after Election Day.
The Agent shall maintain in the Agent's office the documents, records, and other
papers relating to the election that:
1. by law are placed in the custody of the authority appointing the agent; and
2. are public information.
The Agent shall receive any personally delivered document relating to the election
that the appointing authority is authorized or required to receive; and make available for
inspection and copying, in accordance with applicable regulations, the documents, records,
and other papers that are required to be maintained in the Agent's office. The Agent may
perform any other ministerial duties in connection with the election that may lawfully be
performed by an employee of the District.
This Notice shall be posted on the bulletin board used for posting meetings of the
District's Board of Directors and shall remain continuously posted during the minimum
period for maintaining the Agent's office.
Doug Harper, Secretary/Treasurer
Board of Directors
Trophy Club Municipal Utility District No. 1
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Trophy Club Municipal Utility District No. 1
February 2024
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