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Home My WebLink About2024-0918A Resolution Adopting FY2025 Annual BudgetCERTIFICATE OF RESOLUTION 2024-0918A THE STATE OF TEXAS COUNTIES OF DENTON AND TARRANT I, the undersigned member of the Board of Directors of Trophy Club Municipal Utility District No. 1 of Denton and Tarrant Counties, Texas (the "District"), hereby certify as follows: 1. That I am the duly qualified Secretary of the Board of Directors of the District, and that, as such, I have custody of the minutes and records of the District. 2. That the Board of Directors of the District convened in Open Session at a Regular Meeting on September 18, 2024, at the regular meeting place thereof, and the roll was called of the duly constituted officers and members of the Board of Directors, to wit: Kevin R. Carr President Ben Brewster Vice President Doug Harper Secretary/Treasurer William C. Rose Director James C. Thomas Director All members of the Board were present except (.2 , thus constituting a quorum. Whereupon, among other business, the following was transacted at such meeting: A RESOLUTION APPROVING THE 2025 FISCAL YEAR BUDGET OF TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1 and duly introduced for the consideration of the Board of Directors of the District. It was then duly moved and seconded that such Resolution be adopted and, after due discussion, such motion, carrying with it the adoption of such Resolution, prevailed, and carried by the following vote: AYES: 44 NAYS: ) ABSTENSIONS: t25 3. That a true, full and correct copy of such Resolution adopted at such meeting is attached to and follows this certificate; that such resolution has been duly recorded in the minutes of the Board of Directors for such meeting; that the persons named in the above and foregoing Paragraph 2 were the duly chosen, qualified and acting officers and members of the Board of Directors as indicated therein, that each was duly and sufficiently notified officially and personally, in advance, of the time, place and purpose of such meeting, and Resolution No 2024-09I8A Adopting FY2025 Budget that such Resolution would be introduced and considered for adoption at such meeting, and that each consented, in advance, to the holding of such meeting for such purpose; that the canvassing of the officers and members of the Board of Directors present at and absent from such meeting and of the votes of each on such motion, as set forth in the above and foregoing Paragraph 2, is true and correct; and that sufficient and timely notice of the hour, date, place and subject of such meeting was given and posted as required by Chapter 551, Texas Government Code, as amended. SIGNED AND SEALED the 18th day of September 2024. Doug Harper, cretary/T asurer Board of Directors Laur e Slaght, District Secretary Resolution No 2024-0918A Adopting FY2025 Budget ;`•` ` tv; UA;, .!'% G•• o.�. ...:.. • • ,r 11{li RESOLUTION NO. 2024-0918A A RESOLUTION APPROVING THE 2025 FISCAL YEAR BUDGET OF TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1 WHEREAS, Trophy Club Municipal Utility District No. 1 (the "District") is a conservation and reclamation district of the State of Texas created under Article XVI, Sec. 59 of the Texas Constitution, and the District operates under Chapters 49 and 54 of the Texas Water Code, as amended; WHEREAS, Section 49.057(b) of the Texas Water Code requires the board of directors of a water district to adopt an annual budget; WHEREAS, Title 30, Section 293.97(b), Texas Administrative Code, provides that an operating budget shall be passed and approved by a resolution of the governing board of a water district and shall be made a part of the governing board minutes; and WHEREAS, the Board of Directors of the District desires to adopt a budget for the 2022 fiscal year in an open, public meeting, proper notice of which has been given as required by law. NOW THEREFORE BE IT RESOLVED BY THE BOARD OF DIRECTORS OF TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1: Section 1. That 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. Section 2. That the annual budget of revenues and expenditures necessary for conducting the operations and affairs of the District for Fiscal Year 2025, attached hereto, and incorporated herein as Exhibit A, is hereby approved, and adopted. Said budget document shall be on file for public inspection in the office of the District. Section 3. The District's audited financial statements, bond transcripts; and engineer's reports required by Texas Water Code § 49.106, are hereby incorporated to the District's budget as an appendix as required by Texas Water Code § 49.057(b). Resolution No 2024-0918A Adopting FY2025 Budget Section 4. That the District's expenditures during the fiscal year shall be made in accordance with the approved budget and any amendments thereto approved by the Board of Directors. Section 5. A copy of this Resolution and the budget approved hereby shall be attached to the minutes of the Board's September 18, 2024, meeting. Section 6. passage. That this Resolution shall become effective immediately upon its RESOLVED, PASSED AND APPROVED by the Board of Directors of Trophy Club Municipal Utility District No. 1, this the 18`h day of September 2024. Kevin R. Carr, President Board of Directors Doug Harper, Secretary/Treasurer Board of Directors Laurie Slaght, District Se•1ary Resolution No 2024-0918A Adopting FY2025 Budget EXHIBIT "A" (Approved FY 2025 Budget) Resolution No 2024-0918A Adopting FY2025 Budget FISCAL YEAR 2025 ADOPTED ANNUAL BUDGET Trophy Club Municipal Utility District No.1 100 Municipal Drive Trophy Club, Texas 76262 (682) 831-4600 www.tcmud.org FY 2025 ADOPTED BUDGET .TAX RATE SUMMARY COMPARISON Fiscal Years 2024 2025 % of Increase/Decrease Fiscal Years 2024 2025 % of Increase/Decrease M&O (General Fund) Tax 0.00336 0.00315 -6.38% M&O Fire Tax 0.05186 0.05136 -0.96% M&O Tax Rate 0.05522 0.05451 -1.29% Increase/Decrease: -0.00497 -0.00071 I & S (Debt Service) Tax 0.00859 0.00799 -7.01% Increase/Decrease: -0.02256 -0.00060 Total Tax Rate: 0.06381 0.06250 -2.06% Increase/Decrease: -0.02753 -0.00131 PROPERTY VALUE SUMMARY COMPARISON Fiscal Years 2024 2025 % of Increase/Decrease District Tarrant Co. 677,155,614 717,908,930 6.02% District Denton Co. 1,877,675,027 2,003,954,100 6.73% Town 1,032,220,715 1,106,013,301 7.15% Out of District & Out of PID 12,316,662 8,973,424 -27.14% Total Value: 3,599,368,018 3,836,849,755 6.60% FY 2025 BUDGET FUND SUMMARY General Fund Revenue Tax Collections PID Surcharges Reserve Funds Total Revenue 12,726,575 85,620 143,160 285,000 13,240,355 Water Expense Wastewater Expense Board of Directors Expense Administration Expense Non -Departmental Expense Total Expense 7,440,945 3,852,935 11,770 1,805,499 113,070 13,224,220 Net Budget Surplus/Deficit $16,135 Tax Debt Service Fund Revenue Tax Collections PID Surcharge 199,211 217,408 115,708 Total Revenue 532,328 Debt Service Expense 532,328 Total Expense 532,328 Net Budget Surplus/Deficit so Fire Fund Revenue Tax Collections Town Assessment Reserve Funds Total Revenue 15,000 1,398,028 572,690 184,800 2,170,518 Fire Expense Total Expense 2,170,518 2,170,518 Net Budget Surplus/Deficit $0 Revenue Debt Service Fund Revenue 1,273,318 Total Revenue 1,273,318 Debt Service Expense 1,273,318 Total Expense 1,273,318 Net Budget Surplus/Deficit $0 FY 2025 Budget Calendar 4/1/2024- 4/29/2024 Create new fiscal year baseline budget. 5/2/2024- 5/27/2024 Departmental budget meeting for base budget needs and wants, review calendar and set expectations. 5/31/2024 - First round of departmental proposals submitted for review, with detail explanation on account increases and capital 6/4/2024 request with supporting documentation. 6/5/2024 - Correspondence with Town/Fire staff to review and update the Fire Budget. 6/17/2024 Present a projected General Fund and Fire Fund budget summary at the June Board meeting. 6/8/2024 - Update excel budget worksheets with YTD numbers thru May, revenue and tax bond debt, TexPool transfers (I&S), 6/19/2024 employee cost projections, preliminary tax valuations, and consumption forecasting and demands. 6/20/2024 Budget workshop with District Board members and Town of Trophy Club staff. Annual IT budget meeting. 7/1/2024 Update the budget with preliminary tax evaluations, and calculate preliminary District tax rate. 7/2/2024 Provide consumption numbers and draft budget numbers to consultants for rate calculations. 7/2/2024 - Various meetings with General Manager to prepare presentation of proposed budget. 7/13/2024 Review 5 year capital plan and preliminary tax valuations for discussion at the July Board Meeting. Certified Tax values released, update Tax Assessment worksheet, and update budget projections. 7/25/2024 Calculate Comptroller Developed Water District Voter -Approval Tax Rate Worksheet. 7/30/2024 Budget meeting with Town of Trophy Club to discuss fire budget. 7/31/2024 Special budget workshop to review General Fund and Fire Fund details. 8/7/2024- 8/13/2024 Meetings with consultants to discuss rates. 8/15/2024- 8/29/2024 Discussions with financial advisor to discuss debt tax rate. 8/17/2024- 8/18/2024 Update and finalize the fiscal year draft General Fund and Fire Fund budget for Board Meeting in August 8/21/2024 Regular Board meeting to review any final budget questions and set proposed budget and tax rates for legal publications. 8/21/2024 - Update District's website, Denton/Tarrant County TNT websites with proposed tax rate and public hearing notice. 9/3/2024 Notice of Public Hearing for Proposed Tax Rate published in Denton Chronicle (minimum 7 days prior). 9/18/2024 Public Hearing/Board meeting for adoption of District Property Tax Rate, Levy Tax Resolutions, and adopt District FY Budget. 9/25/2024 - Update Denton County and Tarrant County TNT websites with Adopted Tax Rates. 9/30/2024 Update District's website with Adopted Tax Rates, Adopted Rate Order, and Notice to Purchaser. FY 2025 TAX RATE ASSESSMENT TOWN ASSESSMENT & SURCHARGE CALCULATIONS FIRE TAX/ASSESSMENT RATE NET TAX VALUE: TARRANT COUNTY: $717,908,930 DENTON COUNTY: $2,003,954,100 DENTON CO. PID: $1,106,013,301 OUT OF DISTRICT & PID $8,973,424 REQUIRED REVENUE FIRE $1,970,718 TAX/ASSESS RATE = REQUIRED REVENUE/TOTAL VALS/100 Vals/100 = 38,368,498 FY 2025 Tax/Assess Rate = 0.05136 Revenue from District Tax = Revenue from Town Assess = $ 1,398,028 $ 572,690 Total: $ 1,970,718 Certified 7/25/2024 7/25/2024 7/25/2024 7/25/2024 M&O TAX/SURCHARGE RATE NET TAX VALUE: TARRANT COUNTY: $717,908,930 DENTON COUNTY: $2,003,954,100 DENTON CO. PID: $1,106,013,301 REQUIRED REVENUE M&O 113,070 95,000 *District (All of Dept. 39 Budget) **Town (Legal and Auditor only Dept 39 Budget) * ** Certified 7/25/2024 7/25/2024 7/25/2024 TAX/SURCHARGE RATE = REQUIRED REVENUE/TOTAL VALS/100 Vals/100 = 38,278,763 FY 2025 District M&O Tax Rate = 0.00315 FY 2025 Town Tax/Surcharge Rate = 0.00248 Revenue from MUD Tax = Revenue from PID Surcharge = $ $ Total: $ 85,621 27,449 113,070 I&S TAX/SURCHARGE RATE NET TAX VALUE: NEW DEBT: CALCULATE AMOUNT DUE FROM Town TARRANT COUNTY: DENTON COUNTY: DENTON CO. PID: REQUIRED REVENUE TAX DEBT 2014 AND AFTER (I&S) $400,463 $717,908,930 $2,003,954,100 $1,106,013,301 Certified 7/25/2024 7/25/2024 7/25/2024 TAX/SURCHARGE RATE = REQUIRED REVENUE/TOTAL VALS/100 Vals/100 = 38,278,763 FY 2025 PID Surcharge Rate = 0.01046 ***NOT FINAL TAX RATE: ONLY USED TO CALCULATE PID SHARE Revenue from District Tax = $ 284,754 Revenue from Town Surcharge = $ 115,708 Total: $ 400,463 * * * MUD DEBT: CALCULATE MUD TAX NET TAX VALUE: TARRANT COUNTY: $717,908,930 DENTON COUNTY: $2,003,954,100 REQUIRED REVENUE I&S DISTRICT DEBT $217,408 Certified 7/25/2024 7/25/2024 TAX/SURCHARGE RATE = REQUIRED REVENUE/TOTAL VALS/100 Vals/100 = 27,218,630 FY 2025 Tax Rate = 0.00799 Revenue from District Tax = Revenue from Town = N/A $ 217,408 $ Total: $ 217,408 Tax Rate Requirements 3.5% Overall Tax Rate FY 2025 0.06250 Voter Approval Rate 0.06250 Contributions Required $0 TAX COMPARISON 2024 2025 M&O (General Fund) Tax 0.00336 0.00315 M&O Fire Tax 0.05186 0.05136 M&O Tax Rate 0.05522 0.05451 Increase/Decrease Rate: -0.00497 -0.00071 1 & S (Debt Service) Tax 0.00859 0.00799 Increase/Decrease Rate: -0.02256 -0.00060 Total Tax Rate: 0.06381 0.06250 Increase/Decrease Rate: -0.02753 -0.00131 FY 2025 ADOPTED FIRE BUDGET Description FY 2023 Actual FY 2024 Adopted FY 2024 Projected FY 2025 Proposed Revenues - Town 853,876 950,494 950,494 1,001,354 Assessment - Emergency Services 519,246 541,701 541,701 572,690 Emergency Services Assessment/Delinquent - - - - Property Taxes/Assessments P&I - - - - Fire Permits/Sprinkler & Plan Review 6,418 5,000 5,000 5,000 Fire Inspections - - - - Denton/Tarrant County Pledge - Fire 10,000 10,000 10,000 10,000 Town Cash Contribution 130,884 130,884 - Grant Revenue - - - - Revenues - MUD 4,762 4,472 4,472 8,400 Property Taxes/MUD Fire 1,246,229 1,324,945 1,324,945 1,398,028 Property Taxes/Fire - Delinquent 6,991 - - - Property Taxes/Fire P&I 12,916 - - - Capital Leases - Other Financial Sources - - - - Proceeds from Sale of Assets 60,000 - - - Prior Year Reserves - 179,500 179,500 184,800 GASB Reserves - - - - Miscellaneous Income 14,340 - 54,417 - Total Revenue 1,876,139 2,061,146 2,115,563 2,170,518 Expenses - Town 50%/MUD 50% Salaries - Regular 853,876 950,494 950,494 1,001,354 Salaries - Part Time 23,176 50,000 50,000 50,000 Salaries - Overtime 126,709 40,303 40,303 125,008 Salaries - Longevity 6,916 7,441 7,441 8,515 Certification Pay 10,183 11,250 11,250 11,250 Salaries - Cell Phone Stipend 1,374 1,350 1,350 1,350 Salaries - Payout/Separations - - - 4,258 Retirement 130,884 130,884 148,657 Medical Insurance 75,815 79,022 79,022 87,481 Dental Insurance 4,762 4,472 4,472 8,400 Vision Insurance 676 594 594 1,760 Life Insurance & Other 3,869 3,921 3,921 4,116 Social Security Taxes 37,956 61,194 61,194 69,312 Medicare Taxes 8,874 14,311 14,311 16,210 Unemployment Taxes 116 2,520 2,520 2,520 Workman's Compensation 25,980 58,584 58,584 67,300 Pre -Employment Physicals/Testing 5,875 - - 1,000 Tuition Reimbursement 2,828 7,000 7,000 5,000 Professional Outside Services 196 1,750 1,750 1,750 Physicals/Testing - 7,000 7,000 7,000 Recruitment - - - 5,000 Software & Support 15,323 11,085 11,085 10,197 Tax Administration 1,579 1,600 1,600 1,600 Advertising - 200 200 200 Printing 249 1,100 1,100 1,100 Schools & Training 7,889 19,900 19,900 19,900 FY 2025 ADOPTED FIRE BUDGET Description FY 2023 Actual FY 2024 Adopted FY 2024 Projected FY 2025 Proposed Electricity 5,928 8,400 8,400 8,820 Water 4,312 4,000 4,000 4,000 Communications/Mobiles 18,447 16,691 16,691 16,691 Building Maintenance 43,592 37,200 37,200 30,000 Vehicle Maintenance 19,588 49,029 49,029 51,500 Equipment Maintenance 14,537 18,715 18,715 19,500 Kitchen/Janitorial Supplies - - - 7,200 Emergency Management - 1,000 1,000 1,000 Dispatch - Denton County 5,061 5,622 5,622 5,224 Copier Rental/Lease - - - 3,693 Dues & Memberships 18,791 27,242 27,242 30,000 Travel & per diem 17,461 14,510 14,510 14,510 Office Supplies 449 500 500 500 Printer Supplies 1,429 2,600 2,600 1,000 Postage 31 100 100 100 Publications/Books/Subscripts - 350 350 350 Fuel 11,978 12,225 12,225 12,225 Uniforms 9,491 9,645 9,645 9,133 Safety Equipment/Protective Clothing 36,947 40,000 40,000 40,000 Disposable Supplies 35 - - - Small Equipment 6,981 4,950 4,950 4,000 Hardware 1,283 4,458 4,458 4,000 Maintenance & Supplies 1,274 1,500 1,500 1,500 Miscellaneous Expense 2,580 4,000 4,000 3,303 Programs & Special Projects 7,354 16,931 16,931 16,000 Capital Outlays - 6,500 6,500 - Expenses - MUD 100% Maintenance & Repairs (GASB34) 24 - - - Rent And/or Usage 197,266 200,771 200,771 199,211 Insurance 22,623 26,812 26,812 26,820 Transfer to Town/Fire Budget - - - - Capital Outlays - - - - Short Term Debt -Principal - - - Short Term Debt - Interest - - - - GASB34/Reserve for Replacement 81,420 81,420 81,420 - Capital Leases - Principal - - - - Total Expense 1,743,103 2,061,146 2,061,146 2,170,518 Total Fire Revenues $ 1,876,139 $ 2,061,146 $ 2,115,563 $ 2,170,518 Total Fire Expenses $ 1,743,103 $ 2,061,146 $ 2,061,146 $ 2,170,518 Net Budget Surplus (Deficit) $ 133,036 $ - $ 54,417 $ - FY 2025 ADOPTED FIRE BUDGET Town/MUD Fire Contract Calculation FY 2024 FY 2025 Fire Budget 2,061,146 2,170,518 Less: Rent/Debt Service 200,771 199,211 Less: TML Fire Insurance 26,812 26,820 Less: Capital Outlays - - Less: Capital Leases Interest - - Less: Capital Leases Principal - - Less: GASB34/Reserve for Replacement 81,420 - Less: ESD Assessment 541,701 572,690 Less: Fire Permits/Sprinkler 5,000 5,000 Less: Fire Inspections - - Less: Denton County Fire Pledge 10,000 10,000 Less: Grant Proceeds - - Annual transfer to Town from MUD/Fire Budget $ 1,195,442 $ 1,356,797 Monthly payment to Town $ 99,620 $ 113,066 FY 2025 ADOPTED GENERAL FUND Description FY 2023 Actual FY 2024 Adopted FY 2024 Projected FY 2025 Proposed Revenues 403,507 431,575 430,020 448,840 Property Taxes 86,595 85,734 85,734 85,620 Property Taxes/Delinquent 1,299 300 550 550 Property Taxes/P&I 1,119 300 400 500 PID Surcharges 151,357 143,223 143,200 143,160 Water 8,001,954 6,939,998 7,112,680 6,925,430 Sewer 3,736,790 3,679,786 3,548,555 3,773,500 Penalties 77,201 105,800 86,964 105,800 Service Charges (Disconnect Fees) 4,100 3,350 3,700 3,350 Plumbing Inspections - 300 1,650 300 Sewer Inspections - 100 500 100 TCCC Effluent Charges 108,286 70,000 70,000 119,890 Interest Income 397,122 150,000 548,000 533,725 Cell Tower Revenue 45,179 49,320 49,440 50,930 Proceeds from Sale of Assets 50,979 25,000 51,450 25,000 Prior Year Reserves - 1,933,264 1,204,217 - GASB Reserves 164,000 50,000 50,000 285,000 Loan Proceeds - - - - Oversize Meter Reimbursement - 2,058 4,708 2,100 Interfund Transfer In - 1,178,400 1,178,400 1,178,400 Intergov Transfer In - - - - Miscellaneous Income 3,016 7,000 6,481 7,000 Records Management Revenue- - - - Recovery of Prior Year Expense 76 - - - Reimbursement/Revenue Bond - - - - Subtotal Revenues 12,829,073 14,423,933 14,146,629 13,240,355 Water Expenses Salaries & Wages 403,507 431,575 430,020 448,840 Overtime 17,676 17,000 11,386 17,000 Longevity 5,983 6,253 6,253 6,540 Certification 2,700 3,600 2,700 3,300 Retirement 50,705 56,730 55,414 57,100 Medical Insurance 87,625 116,528 97,717 105,150 Dental Insurance 3,960 4,835 4,546 5,080 Vision Insurance 744 1,051 891 980 Life Insurance & Other 3,567 4,000 3,783 4,000 Social Security Taxes 26,110 28,423 27,402 29,490 Medicare Taxes 5,906 6,647 6,409 6,897 Unemployment Taxes 54 1,260 878 1,260 Workers' Compensation 13,313 11,899 10,073 13,200 Pre-employment Physicals/Testing 420 400 400 400 Employee Relations 640 300 300 300 Maintenance & Repairs 230,476 201,500 180,000 222,000 Generator Maintenance & Repairs 876 2,000 13,470 2,000 Vehicle Maintenance & Repairs 12,919 5,000 5,000 5,000 Equipment Maintenance & Repairs 2,891 1,000 1,912 1,000 Cleaning Services 2,096 2,500 40 - Lab Analysis - District 5,492 7,500 7,500 7,500 FY 2025 ADOPTED GENERAL FUND Description FY 2023 Actual FY 2024 Adopted FY 2024 Projected FY 2025 Proposed Lab Analysis - Town 2,341 2,000 3,000 3,000 Communications/Mobiles 5,466 7,500 4,017 7,500 Electricity 222,085 183,143 209,900 216,400 Postage - - - - Publications/Books/Subscripts - 1,000 - - Dues & Memberships - - - - Schools & Training 3,124 2,630 3,547 3,000 Travel & per diem 45 578 604 920 TCEQ Fees & Permits - District 34,114 29,500 25,135 29,500 TCEQ Fees & Permits - Town 214 500 500 500 Wholesale Water 2,738,044 2,655,497 2,717,862 2,757,560 Lawn Services 5,400 12,500 10,200 12,500 Interfund Transfer Out - Revenue I&S 567,783 565,797 565,797 568,498 Interfund Transfer Out - Bank Reserve - - - - Furniture/Equipment < $5000 1,355 - - - Fuel & Lube 18,660 23,575 18,399 23,580 Uniforms 3,098 4,355 2,779 4,360 Chemicals 47,747 58,200 33,000 35,000 Meter Expense - 20,000 19,740 20,000 Meter Change Out Program 87,000 124,500 83,555 130,000 Office Supplies - - - - Capital Outlays 2,107,269 4,200,000 3,840,711 2,265,000 Short Term Debt - Principal 31,882 - - - Short Term Debt - Interest 470 - - - Gasb34 Reserves 162,639 378,659 378,659 426,590 Water Tank Inspection Contract 110,864 - - - Bond Related Expenses - - - - Subtotal Water Expenses 7,027,259 9,179,933 8,783,498 7,440,945 Wastewater Expenses Salaries & Wages 292,361 290,305 220,031 275,760 Overtime 16,059 20,000 11,062 20,000 Longevity 4,035 2,368 2,540 2,770 Certification 4,350 5,100 5,700 5,700 Retirement 37,504 40,934 24,691 36,500 Medical Insurance 63,848 93,222 56,506 60,090 Dental Insurance 2,643 3,385 2,482 2,790 Vision Insurance 564 819 544 590 Life Insurance & Other 2,547 3,000 2,209 3,000 Social Security Taxes 19,162 20,508 14,112 18,860 Medicare Taxes 4,481 4,796 3,300 4,411 Unemployment Taxes 44 1,008 400 1,010 Workers' Compensation 10,635 8,404 6,864 8,356 Pre-employment Physicals/Testing 150 400 400 400 Employee Relations 1,228 300 300 300 Maintenance & Repairs - WWTP 220,313 137,000 135,551 149,000 Maintenance & Repairs - Collections 259,373 270,000 330,000 330,000 Generator Maintenance & Repairs 2,836 11,000 6,478 11,000 Vehicle Maintenance - WWTP 640 4,600 1,000 4,600 Vehicle Maintenance - Collections 11,144 13,000 5,000 11,480 FY 2025 ADOPTED GENERAL FUND Description FY 2023 Actual FY 2024 Adopted FY 2024 Projected FY 2025 Proposed Equipment Maintenance & Repairs 2,435 3,000 3,000 3,000 Cleaning Services 2,096 2,000 40 - Dumpster Services 85,077 100,000 100,000 103,000 Lab Analysis 50,001 55,000 60,600 60,000 Communications/Mobiles 4,016 7,500 3,260 5,000 Electricity 272,792 242,978 226,800 314,100 Schools & Training 2,561 2,119 1,580 2,420 Travel & per diem 3 528 100 870 TCEQ Fees & Permits 9,888 12,000 9,900 12,000 Lawn Services 6,390 16,000 15,750 16,000 Interfund Transfer Out - Tax I&S 116,245 115,886 115,886 115,708 Interfund Transfer Out - Revenue I&S 691,932 698,543 698,543 704,820 Interfund Transfer Out - Bank Reserve - - - - Furniture/Equipment < $5000 347 - - - Fuel & Lube 12,206 13,000 11,427 13,000 Uniforms 2,932 3,520 2,000 3,520 Chemicals - WWTP 22,109 32,500 31,843 32,500 Chemicals - Collections 6,003 10,000 5,709 10,000 Lab Supplies 27,835 33,000 33,000 33,000 Capital Outlays 1,390,083 1,050,000 1,023,468 1,140,000 Short Term Debt - Principal 85,763 22,398 22,398 - Short Term Debt - Interest 2,835 442 442 - Gasb34 Reserves 165,777 155,762 155,762 337,380 Subtotal Wastewater Expenses 3,913,241 3,506,324 3,350,679 3,852,935 Board of Directors Expenses Workman's Compensation 7 15 8 20 Dues & Memberships 750 750 750 750 Meetings 1,451 1,500 1,500 1,500 Schools & Training 535 4,000 485 4,000 Travel & per diem - 5,000 - 5,000 Miscellaneous Expenses - 500 - 500 Subtotal Board of Directors Expenses 2,743 11,765 2,743 11,770 Administration Expenses Salaries & Wages 616,594 663,185 657,800 662,170 Overtime 1,094 2,000 1,620 2,000 Longevity 2,423 2,533 2,600 2,290 Retirement 72,808 82,631 80,700 79,976 Medical Insurance 77,664 108,759 81,800 105,150 Dental Insurance 3,064 3,817 3,120 3,810 Vision Insurance 629 886 690 830 Life Insurance & Other 4,382 4,800 5,030 4,800 Social Security Taxes 36,720 41,399 39,200 41,320 Medicare Taxes 8,653 9,682 9,300 9,660 Unemployment Taxes 59 1,512 1,025 1,510 Workers' Compensation 1,291 1,597 1,319 1,703 Pre-employment Physicals/Testing 198 500 400 400 Employee Relations 2,842 4,000 4,000 4,000 Software & Support 108,247 130,311 132,661 153,810 FY 2025 ADOPTED GENERAL FUND Description FY 2023 Actual FY 2024 Adopted FY 2024 Projected FY 2025 Proposed Independent Labor 6,473 - - - Maintenance & Repairs 22,778 23,000 20,000 23,000 Generator Maintenance & Repairs - 1,000 1,348 1,000 Cleaning Services 13,354 13,825 18,055 20,000 Professional Outside Services 74,770 100,000 98,000 100,000 Utility Billing Contract 7,701 9,000 7,860 9,000 Telephone 5,763 6,000 6,110 6,000 Communications/Mobiles 190 3,000 580 3,000 Electricity 18,313 17,685 29,740 20,300 Water 4,971 5,000 1,736 - Postage 24,227 30,000 25,500 30,000 Bank Service Charges & Fees 165,491 140,000 150,650 155,000 Bad Debt Expense 11,623 13,000 13,000 13,000 Insurance 97,414 116,158 116,200 129,860 Dues & Memberships 6,965 6,800 3,000 2,560 Public Education 27,795 - - - Schools & Training 626 3,900 1,350 3,550 Travel & per diem - 1,228 500 4,270 Elections - 10,000 - - Advertising 1,265 - - - Miscellaneous Expenses 4,145 - 2,550 - Lawn Services 3,468 5,000 6,200 6,000 Furniture/Equipment < $5000 13,053 3,000 - - Uniforms 307 530 - 530 Hardware IT 14,265 8,200 7,000 50,000 Office Supplies 4,303 5,000 5,000 5,000 Maintenance Supplies 5,833 5,000 6,000 6,000 Capital Outlays 56,090 - - 115,000 Copier Lease 3,210 4,000 3,340 4,000 Gasb34 Reserves 26,736 24,903 24,903 25,000 Subtotal Administration Expenses 1,557,796 1,612,840 1,569,887 1,805,499 Non Departmental Expenses Legal 30,163 65,000 45,000 65,000 Auditing 23,164 30,000 21,800 30,000 Appraisal 11,264 13,071 10,050 13,070 Tax Admin Fees 4,046 5,000 3,941 5,000 Subtotal Non Departmental Expenses 68,637 113,071 80,791 113,070 Total General Fund Revenues $ 12,829,073 $ 14,423,933 $ 14,146,629 $ 13,240,355 Total General Fund Expenses $ 12,569,676 $ 14,423,933 $ 13,787,598 $ 13,224,220 Net Budget Surplus (Deficit) $ 259,397 $ 0 $ 359,031 $ 16,135 TAX DEBT PAYMENTS LONG TERM TAX DEBT REVENUE DEBT PAYMENTS LONG TERM REVENUE DEBT MUD/PID Reimburse Par Amount Principal FY 2025 Interest 3/01 Interest 9/01 Subtotal Interest Paying Agent Fee Total Maturity Date First Callable Date Project/Reason Series 2020 (Tax) MUD $1,220,000 $120,000 $5,558 $5,558 $11,115 $750 $131,865 9/1/2031 N/A Refund MUD 41 Unlimited Tax Bonds Series 2010 and costs of issuance of the Bonds, Trophy Club Fire Station SUBTOTAL MUD ONLY TAX BONDS: $1,220,000 $120,000 55,558 55,558 $11,115 $750 $131,865 $276,293 9/1/2036 9/1/2027 Series 2014 (Tax) MUD/PID $5,765,000 $295,000 552,531 $52,531 $105,063 5400 $400,463 9/1/2034 9/1/2024 Tax Bonds for WWTP Expansion SUBTOTAL MUD/PID TAX BONDS: $5,765,000 $295,000 $52,531 $52,531 $105,063 $400 $400,463 $1,200 51,273,318 TOTAL ALL TAX BONDS: $6,985,000 $415,000 $58,089 558,089 5116,178 $1,150 $532,328 REVENUE DEBT PAYMENTS LONG TERM REVENUE DEBT 2000000 1800000 1600000 1400000 1200000 1000000 800000 600000 400000 200000 0 Annual Long -Term Debt Payments Ank 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 • WT & WW REV SERIES 2019 (57,080,000) • WT REV SERIES 2016 ($4,635,000) • WW REV SERIES 2015 ($9,230,000) • UTR GO SERIES 2020 ($1,220,000) • UTR GO SERIES 2014 ($5,765,000) 201:38[21-2011-20J-20101-1-201] 037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049 Revenue Rates Par Amount Principal FY 2025 Interest 3/01 Interest 9/01 Subtotal Interest Paying Agent Fee Total Maturity Date First Callable Date Project/Reason Series 2015 (Revenue) WWTP $9,230,000 $450,000 $83,569 $83,569 $167,138 $400 $617,538 9/1/2035 9/1/2025 Revenue Bonds for WWTP Expansion Series 2016 (Revenue) SWIFT $4,635,000 $225,000 $25,446 $25,446 $50,893 $400 $276,293 9/1/2036 9/1/2027 Revenue Bonds for Fort Worth Line NSII Series 2019 (Revenue) WT & WW $7,080,000 $175,000 $102,044 $102,044 $204,088 $400 $379,488 9/1/2049 9/1/2028 Revenue Bonds for 16in Water Line (77%) Overrun for WWTP Expansion (23%) TOTAL ALL REVENUE BONDS: 520,945,000 5850,000 5211,059 5211,059 5422,118 $1,200 51,273,318 2000000 1800000 1600000 1400000 1200000 1000000 800000 600000 400000 200000 0 Annual Long -Term Debt Payments Ank 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 • WT & WW REV SERIES 2019 (57,080,000) • WT REV SERIES 2016 ($4,635,000) • WW REV SERIES 2015 ($9,230,000) • UTR GO SERIES 2020 ($1,220,000) • UTR GO SERIES 2014 ($5,765,000) 201:38[21-2011-20J-20101-1-201] 037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049 CAPITAL OUTLAYS (5 Year) Department FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 Water Water Line Replacement $ 2,200,000 $ 2,200,000 $ 2,200,000 $ 2,200,000 $ 2,300,000 Fleet Replacement $ 65,000 $ - $ 50,000 $ - $ - Water Grand Totals $ 2,265,000 $ 2,200,000 $ 2,250,000 $ 2,200,000 $ 2,300,000 Wastewater Wastewater Line Improvements $ 850,000 $ 200,000 $ 200,000 $ 200,000 $ 200,000 Lift Station Improvements $ 100,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000 Return Pump $ 45,000 $ 45,000 $ 45,000 $ - $ - Fleet Replacement $ 80,000 $ - $ - $ - $ - CCTV Camera Replacement $ 65,000 $ - $ - $ - $ - Wastewater Grand Totals $ 1,140,000 $ 295,000 $ 295,000 $ 250,000 $ 250,000 Administration Security Upgrades $ 75,000 $ - $ - $ - $ - Software Upgrades $ 40,000 $ - $ - $ - $ - Admin Grand Totals $ 115,000 $ - $ - $ - $ - ANNUAL WATER CONSUMPTION AND REVENUE BY YEAR 1,400,500 1,200,500 1,000,500 800,500 600,500 400,500 200,500 500 Annual Consumption in (Thousand) Gallons 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 $9,000,000 $8,000,000 $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 Annual Water Revenue 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 AVERAGE MONTHLY METERS AND AVERAGE GALLONS BY YEAR 4,900 4,850 4,800 4,750 4,700 4,650 4,600 4,550 4,500 4,450 Average Monthly Meters ,.._......---- 2016 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20,000 19,000 18,000 17,000 16,000 15,000 14,000 13,000 12,000 Average Monthly Gallons per Meter 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 ANNUAL WASTEWATER FLOW AND REVENUE BY YEAR 500,000 400,000 300,000 200,000 100,000 Annual WWTP Flow in (Thousand) Gallons 0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 $4,000,000 $3,750,000 $3,500,000 $3,250,000 $3,000,000 $2,750,000 $2,500,000 $2,250,000 $2,000,000 Annual Wastewater Revenue 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trendline Actuals