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HomeMy WebLinkAbout2004 Operating BudgetCity of West University Place 2004 Operating Budget City Officials Burt Ballanfant Mayor Members of the City Council Mike Farley Teresa Fogler Steven Segal Mike Woods Adopted October 8, 2003 Ordinance #1752 Michael Ross City Manager Walter Thomas Finance Director CITY OF WEST UNIVERSITY PLACE 2004 ANNUAL BUDGET INTRODUCTION This document has been prepared to help you learn of the issues affecting the community of West University Place. The most obvious function of a City Budget is to provide a financial plan for the coming year. West University Place's Budget is no exception and as such contains financial schedules and statistics. Financial plans cannot be prepared without defining what organization intends to accomplish and how it intends to go about reaching its goals. Because of this the 2004 Annual Operating Budget serves as a policy document that presents the major policies governing the management of the City. It is also an action plan the give the public, elected officials and city staff information about what the City is doing and how efficiently it is being done. Finally, the 2004 Annual Operating Budget is intended to be a communications tool, formally transmitting the City's financial and operating plan for the coming year. FORMAT The 2004 Annual Operating Budget is divided into three major sections: Introductory, Financial/Operational, and Appendices. The Introductory section contains the City Manger's letter addressed to the City Council that explains the major policies and issues that affected the development of the 2004 Annual Operating Budget. This section also contains a chart showing the how the City is organized, and a financial schedule summarizing the budgeted financial activity for all of the City's funds. The Financial/Operational section of the 2004 Annual Operating Budget is grouped first by fund and then by department. Like most local governments, the City uses funds to account for its financial activities. A Fund is simply a device to segregate and account for public resources. Financial statements, including the adopted 2004 budget are presented for every fund. Like the checking account statement you receive from your bank, the statements show beginning balances, revenues, expenditures and ending balances for each year. Accompanying the statements are narrative discussions of each fund's financial activity for the prior year and the expected activity for 2004. Graphs and schedules have also been provided to help make certain points clearer. Funds are divided into departments or projects. Each department is presented with a chart showing how it is organized, a brief statement describing the department's mission, a list of the department's accomplishments in 2003, and a discussion of what the department hopes to accomplish in 2004. Detailed schedules showing the department's finances over several years and information about staffing are also provided. Detailed schedules showing the City's employees along with information about wages and salaries; details about the City's debt and revenues; details of departmental expenditures; and a glossary of terms are presented in the appendices. Should you have any questions regarding the information presented in this document, please call the Finance Director, or any other staff members; their names and telephone numbers are on the back page. CITY OF WEST UNIVERSITY PLACE 2004 OPERATING BUDGET Table of Contents City Manager's Budget Message i General Fund Summary 1 Administration 5 Finance 7 Police 11 Fire 13 Public Works 15 Parks 19 Debt Service Fund Summary 21 Water and Sewer Fund Summary 23 Operations 25 Capital Reserve 27 Solid Waste Fund Summary 29 Operations 31 Capital Projects Funds Capital Project Fund 33 Infrastructure Replacement Fund 35 Sidewalk Construction Fund 37 Equipment Replacement Fund 39 Special Revenue Funds Parks Fund 41 Senior Citizens Activity Fund 41 Court Technology Fund 42 Direct Dental Reimbursement Fund 42 Appendices Appendix A - Bonded Debt 43 Appendix B - Revenue Sources 45 Appendix C - Pay Grade Salary Structure 47 Glossary of Terms 48 Contacts 51 Ordinance 9 1720 53 0 City of `vest University Place A Neighborhood City ® Recycled Paper October 15, 2003 Honorable Mayor Burt Ballanfant City Council Members City of West University Place 3800 University Boulevard West University Place, Texas 77005 Dear Mayor Ballanfant and City Council Members: In compliance with State law, the City's Charter and good management practices, we are pleased to submit the 2004 Annual Operating Budget (Budget) for the City of West University Place. This budget has been developed with the goal of providing a wide range of quality services to and maintaining the quality of life for the citizens of the City of West University Place. The Budget is a statement of policy, management and planning document, financial report and a means of communication with the citizens of West University Place. It reviews past accomplishments, identifies future needs, sets objectives for the coming year, and defines the purposes and resources to achieve those objectives. Budget Preparation - Summertime marks the beginning of West University's budget process. In June of each year the City begins preparing the projections and estimates needed to compile the Budget. In July Department Heads meet with the City Manager and the Finance Director to review their goals, objectives and financial needs. The receipt of the certified tax roll from the Harris County Appraisal District in early August starts the countdown to Council adoption. The City is required by State law to adopt a budget within 60 days of the receipt of the certified tax roll. During August and September Council and staff work together to finalize the Proposed Budget submitted by the City Manager in August. Public Hearings are held to obtain citizen input and finally, the Budget is adopted, usually in the first week of October. 2004 Budget Summary - The Budget includes no major changes in baseline city services. • Property Taxes - The City's ad valorem property tax rate will increase $1.67 cents per $100 valuation. The City's tax rate is divided into two components, the 3800 University Boulevard • West University Place, Texas 77005-2899 • 713.668.4441 • www.westu.org • maintenance/operations rate and the debt service rate. In spite of a 5% growth in assessed values, the 2004 Proposed Budget increases the maintenance/operations tax rate from 19.0 cents to 19.67 cents per $100. Increased costs associated with adding three additional firefighters, employee medical insurance and employee retirement benefits taken together with revenue losses due to lower interest rates and slower building activity account for this increase. The debt service tax rate increased one-cent from $0.24 cents per $100 valuation to $0.25 cents per $100 valuation due to higher debt service costs. Debt Service requirements have stabilized • Fees and Charges - In accordance with the City's Financial Policy, all fees and charges will be reviewed and adjusted to insure that charges are equitable and are covering the cost of the service. The City's revenue bond covenants require that net revenues (operating revenues plus interest) be at least equal to 110% of the principal and interest requirements for that year. In 2002 the Water and Sewer Fund's net revenues fell short of that requirement. During 2003 the City undertook a water rate analysis which recommended that Water and Sewer rates be increased 29%. Council is expected to adopt this increase just as the 2004 Year begins. Solid Waste service fees are projected to remain stable through 2004. • Infrastructure Replacement Proeram - In 2003 the City issued $9.9 million of certificates of obligation to complete the funding of the infrastructure replacement program. This program, the largest public works project in the history of West University, should be completed by 2006. • Expenditures - Operating expenditures are budgeted to be at or below last year's operating expenditures. Economic Condition and Outlook - The City of West University Place is located in Harris County, Texas. It is a community of homes located near to the Houston Medical Center, one of the world's largest medical complexes and Rice University. Its citizens are mostly professionals who work in downtown Houston or in the Medical Center. The City's original middle class image has been steadily changing as short commuting distance, low crime, nearby cultural and entertainment opportunities and small town ambiance have made West University into Houston's best locations to live. Because of this trend, the City's economic outlook is very stable. Property values have doubled from $1.3 billion in 1993 to$2.6 billion in 2003. The rate of growth is expected to decline in the future, but reconstruction of existing housing should add around $20 million each year. Financial Policies - An annual budget cannot be prepared without first determining where the organization intends to go and how it intends to get there. The Budget is the City's policy statement in that it represents priorities for the expenditure of public funds. This Budget has been created with these perspectives: iii The City is a service organization. The most important asset of a service organization is trained, motivated, and properly led employees. The Budget recognizes the need to recruit, train and keep a workforce that is capable of delivering services at the level the citizens expect. The 2004 Budget includes a I% increase in personnel costs to offset the reduction in net wages caused by increasing the employee's contribution to the Texas Municipal Retirement System from 6% to 7%. Since the City matches the employee's contribution, the City's contribution will increase 2.05% to 14.62% of compensation. Health care costs are a major budget issue. Health care costs are expected to rise 20% in 2004, the third consecutive year that this employee benefit has increased more than 15%. Further increases of 20% each year for three more years are expected. A substantial amount of the increase in 2004 is being shifted to the employee. The table below compares the cost of the City's health care benefit and its allocation between the City and employees for 2003 and 2004: HMO 2003 * 2004 Annual City Employee Annual City Employee Premium Contribution Contribution Premium Contribution Contribution Employee Only 3,054.00 2,745.12 308.88--N 3,664.80 3,481.56 183.24 100% 89.89% 10.11%s 100% 95.00% 5.00% Family 8,856.84 7,972.32 884.52 , 10,628.21 9,033.98 1,594.23 100% 90.01% 9.99% 100% 85.00% 15.00% Point of Service 2003 9 2004 Annual City Employee !;x Annual City Employee Premium Contribution Contribution -R Premium Contribution Contribution Employee Only 3,419.04 2,717.04 702.00 4,102.85 3,481.00 621.85 100% 79.47% 20.53%k 100% 84.84% 15.16% Family 9,897.48 7,875.72 2021.76.8 11,876.98 9,033.98 2,843.00 100% 79.57% 20.43% 100% 76.06% 23.94% The 2004 Operating Budget calls for 103 employees to be funded by the City's General Fund, 15 to be funded in the City's Water and Sewer Utility, and 10 to be funded by the Solid Waste Fund for a total of 124, three more than the 2003 Budget. The three new positions were partially funded in 2003. The City's current services to citizens are to be given priority. Increases or decreases in service levels should be prominently and separately displayed. The Budget used baseline funding for all departments. Each department used last year's budget as a starting point for preparing this year's budget. There are no major changes to the baseline budget in 2004. All fee schedules, user charges and charges for utility services should be reviewed and adjusted to ensure that rates are equitable and cover the cost of the service deemed iv appropriate by the City Council. As mentioned above a rate increase for Water and Sewer service is expected in 2003 based on the results of a water rate study. The Water and Sewer Fund's expenditures have been steadily increased as debt was issued for infrastructure replacement while rates have been constant. A fee increase implemented in 2002 for Solid Waste Service is expected to bring solid waste fees in line with the cost of the solid waste services provided. Other fees and charges will be adjusted as needed to cover the cost of services. The City will avoid budget and accounting procedures that balance the current budget at the expense of future budgets. This means that postponing necessary operating expenditures, using short-term debt to finance operating expenditures (personnel, supplies, operating charges) or accruing future years revenues are to be avoided. The 2004 Proposed Budget meets this standard. The City will follow long-range plans for capital improvements. Along-range plan for capital improvement should be prepared and updated each year. This plan may include (in years other than thef:rst year of the planj, "unfunded" projects that carry out the City's long-term goals, but it should identify projects that can be completed with known funding sources. The following long-term capital improvements are moved from planning to implementation in the 2004 Budget: Agenda Management Software Priority Area 10 Priority Area I IB The City does not have a consistent program of funding for capital projects. In the past most projects were funded with fund balances, but in 2003, the City discontinued that practice. Accordingly, funding for Capital Projects is one of the challenges that the City will be facing in coming years. The infrastructure replacement program is in its final phase with completion of work in progress scheduled for 2005. The City will maintain reserves adequate to ensure that resources are available annually for the replacement of vehicles and equipment. Current reserves are adequate, however contributions to the equipment replacement fund were frozen for 2004. Funding for this program should be resumed in 2005. The City will maintain reserves that are adequate to protect against unforeseen events. The City's total reserves are very comfortable for a city the size of West U, but they are not inexhaustible. 2003 marked the end of a planned draw down of the City's reserves, which began in 1997 and the 2004 Budget continues to avoid the use of reserves. v I commend the City Staff, and especially the finance department, for their many hours of work in preparing this proposed document. Also, I appreciate the guidance of the City Council in providing direction and parameters to this budgeting process. All your efforts will help protect the City of West University Place's quality of life. . Sin erely 4~~*V Michael Ross City Manager vi Budget2004 Combined Summary of Revenues and Expenditures General Fund Debt Service Fund Water and Sewer Fund Water and Sewer Capital Reserve Solid Waste Fund Capital Project Fund Infrastructure Replacement Fund Sidewalk Construction Fund Equipment Replacement Fund 'iParks Fund Direct Dental Reimbursement Senior Activity Fund Court Technology Fund All Funds Revenues Beginning Property Ending Balance Taxes User Fees Other Total Expenditures Balance $ 3,214,512 $ 5,058,480 $ 552,000 S 3,980,750 $ 9,591,230 $ 9,589,040 $ 3,216,702 640,734 6,366,000 - 10,000 6,376,000 6,429,050 587,684 174.240 - 4,500,000 110,000 4,610,000 4,257,800 526,440 117,023 - - 30,000 30,000 145,000 2,023 103,673 - 940,000 110,000 1,050,000 1,020,960 132,713 197,949 - - 895,000 895,000 1,039,180 53,769 16,011,238 - - 609,000 609,000 17,202,690 (582,452) 4,734,616 - - 120,000 120,000 4,854,620 (4) 269,641 - - 180,300 180,300 230,000 219,941 11,616 - - 2,200 2,200 13,800 16 4,041 - - 15,100 15,100 10,000 9,141 247 - 2,400 100 2,500 2,500 247 1,604 - - 14,000 14,000 15,000 604 $25,481,134 Components of Growth in Assessed Values Thousands ®New Construction 300000 p Value Growth 250000 200000 150000 100000 IL IL -50000 1996 1998 2000 2002 2004 2006 2008 Years vii CITY OF WEST UNIVERSITY PLACE 2004 BUDGET AT A GLANCE General Debt Water Solid Fund Service Fund Utility Waste Total Revenues Property Taxes $ 5,058,480 $ 6,366,000 $ - $ - $ 11,424,480 User Fees 552,000 - 4,500,000 940,000 5,992,000 Other 3,980,750 10,000 110,000 110,000 4,210,750 Total Revenues $ 9,591,230 $ 6,376,000 $ 4,610,000 $ 1,050,000 $ 21,627,230 Operating Expenditures Personnel $ 7,576,710 $ - S 852,150 $ 450,960 $ 8,879,820 Operating 2,012,330 - 2,125,310 570,000 4,707,640 Debt Service - 6,429,050 1,280,340 - 7,709,390 Total Expenditures $ 9,589,040 $ 6,429,050 $ 4,257,800 $ 1,020,960 21,296 850 Capital Improvements Infrastructure Rep Went $ 17,202,690 Sidewalk Replacement 4,854,620 General 1,039,180 Water and Sewer 145,000 $ 23,241,490 2004 Operating Revenues General, Debt Service and Utility Funds 2004 Operating Expenditures General, Debt Service and Utility Funds viii 2003 - 2005 WEST UNIVERSITY PLACE CITY COUNCIL GOALS 1. Remediate Flooding and Drainage in Priority Area 2 2. Pursue Purchase and Development of Additional Park Space 3. Determine Cost and Feasibility of Milton St. Public Works Facilities Relocation 4. Determine Cost and Feasibility of Police Station Replacement/Relocation 5. Streetlight Program Implementation/Completion (note Council says Implementation only) 6. Gateway Signage Implementation/Completion 7. Retention of Old Stock Housing 8. Evaluate Rezoning of Commercial Areas to Allow or Facilitate Rebuilding and Remodeling 9. Review of Building Codes and their Uniformity with the International Building Codes 10. Evaluate Side Setbacks and Garage Requirements on Residences It. Review of Tree Ordinance, Tree Master Plan, and Tree Fund 12. Evaluate 80% Lot Coverage Rule 13. Increase Recycling in the City 14. Review the City's Risk Exposure 15. Enforcement of Parking Restrictions on sidewalks 16. Establish use for the West U. Rec. Center 17. Establish a Bark Park or enter into an agreement with another city for use of the services. 18. Development of the Rice Pocket Park 19. Pursue Regionalism/ Interlocal cooperation 20. Train Noise Reduction/Toll Road Issues 21. Review Building Materials: i.e., foundations, framing and rot resistant materials ix of West Place Mayor and City Council PO1 r City Secretary City Manager City Attorney City Judges and Commissions • Fire Finance Police Human Resources • • Fire Education Recruiting • • Fire Prevention Employee Benefits • Fire Supression Risk Management • EMS patrol Support Municipal Services Services Accounting Court • Jailing Alarm . Preventative Monitoring • Budgeting Court Patrols Follow-Up • Payroll Administration Parks and Crime Scene Investigation Public Works Accounts Collect Fees & Recreation Investigation • Public Safety Payable Payable Fines Traffic Dispatch • Utility & Tax Enforcement • Public Billing Relations Programs Developmen General Operations Plannirg Sarvlces Semoes • Building Solid Waste • Water Forestry Inspection Fleet Sewer Planning • Code Maintenance • Streets GIB Enforcement Recycling Drainage • Zoning • Facilities Street Signs Management X Park Senior Operetiorce Services • Maintain & . Transportation develop open . Recreation & space & parks Activities • Recreational, • Social Services aquatic, & Health Fairs and sports classes Awareness & activities • Special events • • • • • • GENERAL FUND FUND DESCRIPTION: The General Fund accounts for revenue, expenditures, and transfers associated with municipal services not directly supported or accounted for in other funds. FUND FINANCIAL ACTIVITY: The General Fund finances nearly all of the City's services. Issues such as the ad valorem tax rate, fees, objectives, levels of service, the number of employees, salaries and benefits are all determined during the preparation of the General Fund's budget. The General Fund is the source of funds for all six of the City's departments: Police, Fire, Public Works, Parks and Recreation, Finance, and Administration. Revenue Projections for 2003 The 2003 Budget forecasted revenues to finance the General Fund's services at $9.32 million. Based on collections and data available on June 30, 2003, revenues are expected to meet this target. One time sales tax revenue of $200,000 resulted from an audit. This one-time revenue offset the loss of interest revenue brought about by lower rates. Expenditure Estimated for 2003 The 2003 Budget appropriated $9.32 million. Through June 30, 2003, it appears that actual expenditures will be below the appropriated amount by about 1.07% or $100,000. Financial Position in 2003 By any standard of measure, the City of West University Place's General Fund will close 2003 in sound fiscal condition. The estimated balance available for appropriation will be approximately $3.07 million. This amount represents 30% of estimated 2003 revenues. Put another way, the General Fund's Operations could be sustained for almost four months with no additional revenues. While there is no formal standard of measure established to determine the amount of funds a City should retain in reserve, most analysts agree that it be no less than 25% of a fund's annual revenues. The primary purpose of fund balance is to provide a buffer against unforeseen financial events. 2004 BUDGET increase 1.47% over 2003 budgeted revenues. Total revenues are expected to be $9.59 million. Revenues from property taxes will grow by $537,444, a 12% increase. The (ad valorem) tax rate dedicated to operations is proposed to be $0.1967. The rate of growth in assessed values slowed in 2003. Even so, values are up 517o increasing from $2.5 billion to $2.6 billion due to new construction and the marketability of WestU property. Revenues generated by the City's one-cent sales tax are budgeted at $585,000, slightly higher than the $560,000 budgeted in 2003. Collections of sales tax improved dramatically in 2003. Franchise taxes provide $929,600, or 9.7% of the City's General Fund revenues. This revenue source is expected to increase as the price of electricity regains strength after de-regulation. A major concern developed in 2003, historically low interest rates reduced estimated interest income earned on investing temporarily idle funds by more than $130,000. This loss of revenue was carried over into the 2004 projected revenues. Revenue sources budgeted under the Fees for Services caption include ambulance service billing, alarm monitoring billing and other service related fees. As in previous years, the 2004 Budget anticipates a payment from the Water and Sewer Utility Enterprise Fund ($450,000) and the Solid Waste Collection Fund ($200,000). These payments are reimbursements from the Enterprise Funds for administrative costs. Meter reading, billing, accounting, legal, data processing and insurance are all budgeted in the General Fund in order to centralize these costs. Expenditures in 2004. The 2004 Proposed Budget recommends an appropriation in the amount of $9.59 million in the General Fund. The General Fund's 2003 Budget was $9,355,630, so this Budget represents a 2.5% increase in the total budget. Personnel costs, including benefits, amount to $7.5 million or 80% of the budget. This cost is expected to increase 4.3% due, in a large part, to increases in health costs. Health care costs are projected to increase a total of 20%, the third Projected 2004 Revenues. The City's General Fund Revenues for fiscal 2004 are forecasted to consecutive year that this major Health care costs are projected to increase more than 15%. In response to these increases, the City is shifting some of the cost increase to employees. The cost of Family HMO coverage is projected to increase from $8,856 to $10,628, a 20% increase. The City currently absorbs $7,972 or 90% of the cost of this benefit. Purposed changes would decrease the City percentage of the total costs to 85% and increase the employee's share from 10%o to 15%. This change would translate into the employee shouldering an additional $709.71 annually. Salaries and wages paid directly to employees totaled to $4.8 million. Salaries and wages are expected to increase 1.3%. The 2004 Budget includes a $116,900 increase in retirement benefits. This 2.5% increase, along with a 1% hike to salaries and wages is the only compensation enhancement in 2004. The growth in personnel costs was partially offset by freezing two police officer positions, which generated a savings of $135,000. The General Fund normally transfers about $160,000 to the Equipment Replacement Fund to provide funding to replace equipment as it obsolesces. This transfer was suspended in 2004. 2 GENERAL FUND STATEMENT OF REVENUES AND EXPENDITURES Actual Actual 2001 2002 REVENUES: Property taxes Franchise taxes Sales taxes Licenses and Permits Fees for service Other charges and fees Recreation fees Fines and court costs Investment earnings Other revenues Interfund transactions TOTAL REVENUES Administration Finance Police Fire Public Works Parks and Recreation TOTAL EXPENDITURES INET REVENUE (EXPENDITURE) BEGINNING BALANCE BALANCE RESERVED FOR ENCUMBRANCES UNRESERVED FUND BALANCE Estimated Adopted 2003 2004 $ 4,166,847 $ 4,519,428 S 4,770,270 $ 5,058,480 896,958 939,577 892,890 929,600 533,646 877,185 780,000 585,000 472,081 386,124 451,000 467,100 338,277 466,467 485,000 552,000 190,629 154,244 187,500 162,950 372,637 325,209 420,000 417,700 274,332 304,811 325,000 340,000 336,451 113,421 180,000 150,000 50,672 277,447 200,400 218,400 631,000 631,000 631,000 710,000 8,263,530 8,994,913 9,323,060 9,591,230 575,171 626,888 554,260 632,460 2,206,318 1,642,914 1,432,520 1,467, 800 2,468,250 2,669,209 2,695,735 2,754,430 1,663,331 1,758,727 1,906,400 2,096,820 1,551, 836 1,521,344 1,580,598 1,713,590 798,906 842,484 865,630 923,940 9,263,812 9,061,566 9,035,143 9,589,040 (1,000,282) (66,653) 287,917 2,190 3,993,530 2,993,248 2,926,595 3,214,512 2,993,248 2,926,595 3,214,512 3,216,702 145,000 145,000 145,000 $ 2,993,248 $ 2,781,595 $ 3,069,512 $ 3,071,702 3 • • • • • i • r • • • • • • • i • • • • • • • 4 Administration Mayor and City Council City Secretary bk ( City Manager , l City Attorney Department Mission To effectively and efficiently implement and administer the policies as established by the City Council. ACTIVITY SUMMARY The Department of Administration is responsible to the City Council for the efficient delivery of City services. The City Manager serves as chief administrative officer and has day-to-day responsibility for the operation of all City activities. The City Secretary is responsible to the City Council for maintaining ordinances, resolutions, meeting minutes, and legally required publications. The City Attorney provides City Council with general counsel, litigation, contract review, and ordinance review. Budget Changes: * Projects coordinator is shown in budget with a reimbursement from the Sidewalk Fund. Account Actual Actual Actual Actual Revised Budget Description 1999 2000 2001 2002 2003 2004 Personnel $ 251,267 $ 351,345 $ 360,001 $ 442,246 Operating charges 208,151 241,169 214,654 179,545 Capital 8,550 4,427 517 5,098 Total 467,968 596,941 575,172 626,889 Personnel Operating charges Total Total Administration Accomplishments in 2003: * Conducted a municipal election. * Sponsored a Charter amendment enhancing purchasing capabilities. * Provided orientation for new City Council Members. * Began implementation of enhancements to City Center as part of the Statewide Transportation Program. Goals for 2004. * Replace retiring Personnel/Risk Management Specialist. $ 467,968 $ 596,941 $ 575,172 $ 626,889 $ 388,010 $ 461,210 70,700 71,000 460,710 546,710 1 4,550 4,500 89,000 81,250 93,550 85,750 $ 554,260 $ 632,460 BUDGET BUDGET SALARY RANGE POSITION GRADE 2003 2004 MINIMUM MAXIMUM Administration City Manager NC 1 1 115,000 (current) City Secretary NC 1 1 67,000 (current) Personnel/Risk Manager 42 1 1 47,440 63 755 Projects Coordinator 39 1 1 , 40,061 53,839 Assistant to City Manager 39 1 1 40,061 53,839 Total administration 5 5 6 Finance Finance AccountingIM Municipal Court • Budgeting Court • Payroll Administration • Accounts Collect Fees & Payable Fines • Utility & Tax Billing DEPARTMENT MISSION To provide useful financial management services to other City Departments, timely and accurate billing to citizens, fair and efficient administration of the municipal court, and useful financial reporting to the City's financial stakeholders. ACTIVITY SUMMARY The City's Finance Department is charged with the responsibility to provide the general supervision to this Department's two divisions. The Finance Department provide a wide range of financial and administrative services to citizens and other City Departments including: utility and tax billing, purchasing, budgeting, risk management, cash management, personnel, payroll, accounts payable, and financial reporting. The Finance Department directs the administration of the City's Municipal Court. Finally, expenditures and transfers that cannot be allocated to other departments in a satisfactory way are included in this budget. Accomplishments in 2003 • Implemented new Court software, saving annual maintenance and simplifying court administration. Completed the Annual Audit before April 30, 2.003. • Assisted in the sale of $9.9 million of Certificates of Obligation. • Reorganized, adding one accounting specialist and deleting customer service representative. • Published the 2003 Budget before November 30, 2001 • Transferred Direct Link billing to the monthly utility bill. Goals for 2004: • Record the City's fixed assets into the H.T.E. data-base. • Issue the 2003 CAFR in the GASB 34 report-model. Account Actual Actual Actual Actual Revised escriotion 1999 2000 2001 2002 2003 Personnel $ 419,457 $ 358,109 $ 389,767 $ 434,913 $ 439,510 Operating charges 336,346 276,013 343,705 326,572 309,900 Capital 3,444 4,934 16,291 - 5,500 Total 759,247 639,056 749,763 761,485 754,910 Municipal Court Personnel 158,823 158,221 156,387 149,711 163,510 Operating charges 12,628 7,529 20,794 9,087 10,400 Capital - 1,302 3,124 - - Total 171,451 167,052 180,305 158,798 173,910 City-Wide Charges Operating charges 704,369 1,024,209 1,304,938 722,631 503,700 Total 704,369 1,024,209 1,304,938 722,631 503,700 - Department $ 1,635,067 $ 1,830,317 $ $ 1,642,914 $ 1 Budget 2004 $ 463,960 298,900 4,500 767,360 167,590 10,400 177,990 522,450 522,450 $ 1,467,800 8 POSITION GRADE BUDGET 2003 BUDGET 2004 SALARY RANGE MINIMUM MAXIMUM Finance Accounting Finance Director ERI 1 1 61,198 82,005 Assistant Finance Director 42 1 1 47,440 63,755 Deputy Tax/Assessor Collector 39 1 1 40,061 53,839 Accounting Specialist 37 2 3 29,598 39,778 Customer Service Representative 34 1 - Cashier 34 1 1 24,948 33,529 Municipal Court Municipal Court Clerk 39 1 1 40,061 53,839 Deputy Court Clerk 34 1 1 24,948 33,529 Total Finance 9 9 9 10 Police • Jailing • Preventative Patrols • Crime Scene Investigation • Traffic Enforcement • Alarm Monitoring • Follow-Up Investigation • Public Safety Dispatch • Public Relations Programs DEPARTMENT MISSION To preserve the peace and to protect life and property by enforcing State, Federal and local laws. ACTIVITY SUMMARY The Police Department is responsible for preserving the peace and basic law enforcement in the City. The Department also has assumed responsibility for the operations of the central alarm monitoring system, Direct Link. Budget Changes * Two police office positions were frozen. Accomplishments in 2003: * Implemented an internal investigation and inspection system to improve operations of the Department. Goals for 2004: * Examine the progress towards National Accreditation and either complete the accreditation process or discontinue the effort until adequate staff is in place. Account Description Actual 1999 Actual 2000 Actual 2001 Actual 2002 Revised 2003 Budget 2004 Police Personnel $ 1,166,693 $ 1,369,489 $ 1,727,940 $ 1,890,250 $ 1,872,945 $ 1,906,510 Operating charges 227,939 342,455 315,449 230.061 292,040 205,020 Capital 18,850 34,662 33,021 33,171 - 4,500 Total 1,413,482 1,746,606 2,076,410 2,153,482 2,164,985 2,116,030 Communication Personnel 244,359 280,744 325,534 457,152 462,950 573,400 Operating charges 49,554 60,180 66,306 58,574 67,800 65,000 Capital - _ _ - - - Total 293,913 340,924 391,840 515,726 530,750 638,400 Total - Department $ 1,707,395 $ 2,087,530 $ 2,468,250 $ 2,669,208 7 2,695,735 $ 2,754,430 BUDGET BUDGET SALARY RANGE POSITION GRADE 2003 2004 MINIMUM MAXIMUM Police Department Police Chief ER2 1 1 73,437 98,406 Captain ERl 1 1 61,198 82,005 Police Patrol Lieutenant PL 2 2 57,477 77,244 Police Patrol Sergeant PS 5 5 49,980 67,168 Police Officer PO 16 16 39,984 53,735 Communications Administrative Assistant 38 1 1 34,249 46,028 Police Dispatcher PD 9 9 31,040 41,715 Total Police 35 35 12 Fire • Fire Education • Fire Prevention • Fire Supression • EMS DEPARTMENT MISSION To protect lives and health of the citizens of West University Place and their property from fire, man-made or natural disasters, and contagious diseases. ACTIVITY SUMMARY The Fire Department is responsible for protecting lives and property from fire and natural disasters. The City's Fire Department provides fire suppression, emergency medical services with advanced life support capability practiced by trained paramedics, fire inspections, and health services. Budget Changes: Three additional firefighters are added starting June 2003. Completely funded in 2004 Accomplishments in 2003: x Hired three additional fire fighters. Goals for 2004 x Replace Fire Chief. Account Actual Actual Actual Actual Revised Budget Description 1999 2000 2001 2002 2003 2004 Fire Personnel Operating charges Capital Total Total - Department $ 1,199,364 $1,373,146 $1,494,212 $1,610,418 $ 1,736,300 $ 1,977,670 128,622 171,364 154,995 144,750 141,730 114,650 10,607 39,526 14,124 3,563 28,370 4,500 1,338,593 1,584,036 1,663,331 1,758,731 1,906,400 2,096,8201 POSITION GRADE BUDGET 2003 BUDGET 2004 SALARY RANGE MINIMUM MAXIMUM Fire Department Chief ER2 1 1 73,437 98,406 Fire Marshal FM 1 1 56,515 75,951 Fire Captain FC 3 3 56,515 75,951 Fire Lieutenant FL 3 3 47,096 63,293 Firefighter FF 12 15 36,938 49,641 Communications Officer/IT Mana CO - 1 50,998 68,342 Total-Fire Department 20 24 $1,584,036 $1,663,331 $1,758,731 $ 14 PUBLIC WORKS Public Works General ( Operations I I Planning Services ` • Building Solid Waste Inspection Fleet ' • Code Maintenance Enforcement Recycling • Facilities Street Signs Management water rorestry Sewer Planning Streets GIS Drainage Zoning DEPARTMENT MISSION The Department's mission is to provide the following services: (1) maintain the City's streets at a level consistent with a modern urban area; (2) maintain the City's drainage system to insure that storm water is removed at the peak levels for which the system was designed; (3) insure the City's fleet of motor vehicles are maintained at highest standards of safety and efficiency; (4) insure that the City's buildings are maintained to be an attractive and comfortable environment to conduct the City's business; and (5) enforce the City's building, plumbing, and electrical codes to insure the construction and maintenance of safe residential and commercial structures. ACTIVITY SUMMARY The Public Works Department is responsible for the City's civil engineering, utility, and internal maintenance services. This diverse department encompasses street and drainage maintenance, enforcing building codes, solid waste collection, and maintaining the City's buildings and vehicles. Budget Changes: • Department operations were reorganized into five divisions: Administration, Development Services, Planning, General Services, and Operations. Accomplishments in 2003: * Enhanced the work order/complaint tracking system to report data needed for pe- ~rmance measures. * Dc. eloped a GIS timetable and began implementation; trained key staff on GIS/ARCINFO software. * Developed a streamlined plat process. * Completed city-wide sign inventory and implemented a total sign replacement program. * Completed preliminary engineering study for Priority Area 2 drainage. * Initiated data collection and condition database for all storm sewers. Goals for 2004: * Continue implementation of the GIS program, collecting of additional data layers, creating city-wide desktop availability and promotion usage. * Develop a Tree Master Plan. * Promote, organize and coordinate the Arbor Day and Public Works Week Celebration. * Complete data collection for the City Storm Sewer database in order to create a baseline for storm sewer preventative maintenance. 16 Account Actual Actual Actual Actual Revised Budget ilncrrintian 1999 2000 2001 2002 2003 _ 2004 Personnel 234,519 235,438 208,869 170,077 223,720 236,030 Operating charges 121,772 72,962 47,850 48,732 47,198 61,260 Capital 2,794 1,403 1,781 3,000 3,000 - Total 359,085 309,802 258,500 221,809 273,918 297,290 Development Services-Development Services Personnel 269,616 342,210 436,829 490,206 480,320 371,330 Operating charges 103,920 70,944 38,002 78,984 69,950 39,050 Capital 1,050 3,277 1,998 2,955 3,200 - Total 374,586 416,431 476,829 572,145 553,470 410,380 Development Services - h'acility Management Personnel 63,991 65,888 77,097 77,892 39,940 65,420 Operating charges 139,709 129,895 168,040 162,056 163,900 160,400 Capital 10,074 11,512 5,665 - - - Total 213,774 207,295 250,802 239,948 203,840 225,820 General Services - General Fund Personnel - - - 251,480 337,870 Operating charges - - - 70,880 73,450 Capital - - - - - Total - - - 322,360 411,320 Operations - General Fund Personnel 378,095 453,917 398,374 378,300 175,610 174,290 Operating charges 156,127 157,678 289,082 108,288 51,400 29,000 Capital - 2,911 5,253 851 - - Total 534,222 614,507 692,709 487,439 227,010 203,290 141,190 charges 23,100 1,200 Total - - - 'otal - Public Works 1,481,667 1,548,034 1,678,840 1,521,341 1,580,598 1 17 POSITION GRADE BUDGET 2003 BUDGET 2004 SALARY RANGE MINIMUM MAXIMUM Public Works Public Works Administration Asst. City Manager\Public Works I ER3 1 1 80,781 108,246 Office Manager 39 I 1 40,061 53,839 Public Works Secretary 34 1 1 24,948 33,529 Development Services Chief Building Official 43 1 1 50,998 68,342 Plans Examiner 39 1 1 40,061 53,839 Senior Inspector 39 1 1 Building Inspector 38 1 1 34,249 46,028 Code Enforcement/ACO 38 1 1 34,249 46,028 Development Srvcs Secretary 36 2 2 28,016 37,543 Facility Management Building Technician II 39 1 1 40,061 53,839 Planning City Planner/Forester 43 1 1 50,998 68,342 Planning & Development Assistant 38 1 1 34,249 46,028 General Services General Service Supervisor 43 1 1 50,998 68,342 Crew Leader 37 1 1 29,598 39,778 Equipment Operator-Street 35 1 1 27,273 36,652 Traffic Technician 37 1 1 29,598 39,778 Mechanic 36 1 1 28,436 38,216 Laborer 32 - 1 21,461 28,842 Operations Equipment Operator 35 2 2 27,273 36,652 Maintenance Worker - Street 32 3 2 21,461 28,842 Total-Public Works 23 23 18 Parks and Recreation IV nmm a develop open . space & parks Recreational, . aquatic, & sports classes & activities Special events Transportation Recreation & Activities Social Services Health Fairs and Awareness DEPARTMENT MISSION To provide the City residents of every age recreation, health, fitness, and athletic programs. ACTIVITY SUMMARY The Parks and Recreation Department oversees recreation programs, senior services, special events, grounds and right-of-way maintenance, as well as the development and maintenance of parks. Accomplishments in 2003: * Made improvements to the Community Building. * Acquired the WestU Recreation Center Goals for 2004: * Develop WestU Recreation Center plan. : Implement change to Senior Service Transportation Program. Account Description Actual 1999 Actual 2000 Actual 2001 Actual 2002 Revised 2003 Budget 2004 Parks & Recreation Personnel $342,894 $367,983 $391,767 $ 459,840 $435,480 $458,890 Operating charges 316,504 288,288 243,845 225,141 252,760 283,100 Capital 7,196 10,490 7,888 500 - 4,500 Total 666,594 666,761 643,500 685,481 688,240 746,490 Senior Services Personnel 116,820 119,018 123,467 126,348 144,790 154,850 Operating charges 19,736 26,857 25,791 27,093 28,100 22,600 Capital 3,387 - 6,148 3,560 4,500 - Total 139,943 145,875 155,406 157,001 177,390 177,450 Total - Department $ 806,537 $ 812,636 $ 798,906 $ 842,482 $ 865,630 $ 923,940 POSITION GRADE BUDGET 2003 BUDGET 2004 SALARY RANGE MINIMUM MAXIMUM Parks and Recreation Parks and Recreation Parks and Recreation Director ERI 1 1 61,198 82,005 Recreation Manager 40 1 1 41,805 56,183 Administrative Assistant 38 1 1 34,249 46,028 Friends of West U Parks Director NC 1 1 30,000 (current) Senior Services Senior Services Manager 40 1 1 41,805 56,183 Senior Activity Coordinator 34 1 1 24,948 33,529 Custodian 32 1 1 21,461 28,842 Total-Parks and Recreation 7 7 20 DEBT SERVICE FUND FUND DESCRIPTION The Debt Service Fund is established by ordinances authorizing the issuance of general obligation bonds. These same ordinances call for an ad valorem (property) tax to be levied in sufficient amount to produce the funds needed to satisfy the City's annual debt service requirements for its general obligation Bonds. FUND ACTIVITY The City of West University Place uses debt financing to fund large capital investments. Streets, drainage, water and waste water systems are all constructed with borrowed funds. The Debt Service Fund does not finance all of the City's bonded debt service. The Water and Server Fund also provides funds to repay debt. In 2004 the Debt Service Fund will finance $6,429,050 of debt service, a 12 % increase over the amount funded in 2003. To fund this increase, an ad valorem tax rate of $0.25 per $100 will be required in 2004, an increase of 1 cent per $100. . The City Charter limits the City's bonded debt to 5% of the assessed value. Since the projected assessed value for the City in 2003 is $2.65 billion, the current debt limit under this provision is $128,000,000. As of January 1, 2004 the City will owe a total of $93,300,000 to bondholders of all outstanding tax supported bonds. Of this total amount, the amount to be financed by the Debt Service Fund using property taxes will be $77,855,000. The City issued $9.9 million of Certificates of Obligation in 2003 to provide funding for the infrastructure replacement projects. This issue is projected to be the final debt sale needed to complete the final priority areas. The need to improve drainage in Priority Area 2 became clear after extensive flooding during tropical storm Allison. These improvements could add up to $4 million to the total cost of infrastructure improvements and may require a future bond issue. Steady growth in assessed values, the political stability of the community, and the underlying strength in the Houston Area economy has kept the City's credit ratings high in spite of a significant debt load. FUTURE ACTIVITY The assumptions used to project debt service costs into the future are: • The City will issue $4 million in Certificates of Obligation in the latter part of 2009. • Assessed values will grow by 3% in 2004, 1.5% in 2005, 1% in 2006 and 2007 • New construction will add $50 million to the appraisal roll in 2004 and decline to $25 million annually thereafter. Given these assumptions, the City's Debt Service requirements are expected to remain stable through 2005, then increase to $6.7 million and stabilize there until 2010. The tax rate necessary to fund the City's debt service is projected to remain stable as the rate of increase in debt service declines. Growth in assessed values should offset debt service requirements of future bond issues. (Payable from Ad Valorem Taxes) Outstanding 2004 Outstanding 2004 December 31, 2003 Retirements December 31, 2004 Interest 1996 Permanent Imp. Bonds $ 2,780,000 $ 230,000 $ 2,550,000 S 151,900 1998 Permanent Imp. and Ref. Bonds 13,285,000 670,000 12,615,000 631,379 2000 Permanent Imp. Bonds 20,550,000 215,000 20,335,000 1,126,069 2002 Permanent Imp. Bonds 28,100,000 1,480,000 26,620,000 1,256,410 2002 YMCA Certificates 3,240,000 90,000 3,150,000 140,580 2003 Certificates Of Obligation 9,900,000 - 9,900,000 427,712 $ 77,855,000 $ 2,685,000 $ 75,170,000 $ 3,734,050 21 DEBT SERVICE FUND STATEMENT OF REVENUES AND EXPENDITURES Actual Actual Revised Adopted 2001 2002 2002 2004 REVENUES: Ad valorem taxes $ 4,366,026 $ 5,198,477 $ 5,970,000 S 6,366,000 Interest on investments 120,834 48,007 50,000 10,000 Other - 3,900 - - TOTAL REVENUES 4,486,860 5,250,384 6,020,000 6,376,000 EXPENDITURES: Debt service -principal 1,880,000 2,185,000 2,295,000 2,685,000 Debt service - interest and fiscal fees 2,812,336 3,130,630 3,652,091 3,744,050 TOTAL EXPENDITURES 4,692,336 5,315,630 5,947,091 6,429,050 NET REVENUES (205,476) (65,246) 72,909 (53,050) BEGINNING BALANCE 838,547 633,071 567,825 640,734 ENDING BALANCE S 633,071 $ 567,825 $ 640,734 $ 587,684 22 WATER AND SEWER FUND WATER UTILITY FUND The Water and Sewer Fund is an Enterprise Fund. Enterprise funds are operated and accounted for like business enterprises in the private sector. Specifically, enterprise funds are meant to be self- supporting. The Water and Sewer Fund (Water Fund) accounts for the revenue, expenditures and transfers associated with the operation of the water and sanitary sewer system. User fees finance the system and its services. To more clearly account for the major capital expenditures necessary to maintain the system, the Budget for the Water Fund has been divided into operating and capital sections. The operating section accounts for system operations, including personnel, supplies, services, and operating capital equipment. The capital section deals with unusual or very large capital projects. These projects generally are to renovate the water delivery or wastewater collection system to keep them in compliance with regulations and laws, safe, and in service. The Water Fund's Budget is prepared using the modified accrual basis of accounting. Revenues are recognized when they are earned, because they are considered measurable and available to finance current operations. Expenditures are recognized when they are incurred. Debt service is recognized when paid. In terms of revenue, the Water Fund produces less than a third of the revenues generated in City's General Fund. In spite of the smaller revenue base, the Water Fund's impact in the community may well exceed the General Fund's. Often the initial operation of a City is its Water Utility and, in many cases, the reason for incorporating a City is the need for drinking water and the sanitary disposal of wastewater. Water and Sewer systems are capital intensive and expensive to construct. Operating costs are insignificant when compared to expenditures made to acquire and repair capital assets. The City has approximately $50 million invested in capital assets associated with the water and sewer utility. Put another way, the City could operate the water and sewer utility for ten years on the cash it has invested in the system's capital assets. In order for the Water Fund to be self- supporting, the water and sewer service fees must reflect both the cost of operations and the cost of capital, or else the system will deteriorate. Typically, the cost of capital is reflected in the water and sewer rates by charging a rate sufficient to cover the operating costs and the debt service costs associated with major capital maintenance. Prior to 1995 the City did not follow this practice. FUND FINANCIAL ACTIVITY: 2003 Financial Activity. By the end of the current fiscal year, an unusually wet year and a delayed rate increase will bring the water fund reserves to their lowest level in recent history. Revenues are expected to be $3.8 million, well below the targeted $4.4 million. Operating expenditures are expected to be very close to the $2.5 million provided in the 2003 Budget. Debt service and administrative costs are expected to be $1.7 million. Altogether, Water Fund expenditures should amount to $4.3 million. The 2004 Budget. The 2004 Proposed Budget is based on total revenues of $4.6 million. A rate increase is required to reach this revenue projection. This rate increase will be implemented once a rate study is completed in 2003. All water and sewer supported bonds have been issued and the debt service for these bonds reached $1.3 million in 2003 and will remain constant into the future. Budgeted expenditures are $4,257,800, or 7% less than 2003. System operations are expected to cost $2,977,460, including the $450,000 budgeted to reimburse the General Fund for costs it incurs on behalf of the Water Fund, and $1,280,340 to pay the principal and interest on outstanding revenue bonds. For the Future. The Water and Sewer Fund is the most difficult of all of the City's funds to predict. Water usage can vary dramatically with the weather. On average costs associated with operating the water and sewer utility are expected to increase about 2% a year for the next five years. Much of the system's delivery and collection infrastructure is new and costs should reflect savings associated with lower maintenance. Even so, other component parts of the system are aging; lift stations, elevated towers and water wells are all expected to need major overhauls in the foreseeable future. The cost of surface water purchased from the City of Houston has not increased since the mid-1990s when the contract was initiated. The City of Houston's current financial woes may be the catalyst for an increased 23 • • • charge for surface water, which would put increases are likely in order to provide funds for • pressure on WestU's water and sewer rates. capital projects that were not considered part of A rate increase in 2003 is required and future rate the infrastructure replacement program. • WATER AND SEWER UTILITY FUND STATEMENT OF REVENUES AND EXPENDTURES Actual Actual 2000 2001 Actual 2002 Revised 2003 Budget 2004 OPERATING REVENUES Service Charges Interest Income $ 3,084,122 $ 3,115,030 $ 3,115,030 $ 3,500,000 $ 4,500,000 Otherrevenues 343,699 159,309 159,309 150,000 100,000 TOTAL OPERATING REVENUES 3,427,821 3,274,339 119,172 3,393,511 10,000 3,660,000 10,000 4,610,000 EXPENDITURES Operations Administration 2,744,685 2,416,602 2,416,602 2,544,480 2,527,460 Transfers to Other Funds 441,000 200 000 441,000 441,000 441,000 450,000 Debt Service TOTAL EXPENDITURES , 839,452 - 1,038,500 200,000 1,124,629 1,337,050 1,280,340 4,225,137 3,896,102 4,182,231 4,322,530 4,257,800 NET REVENUES (EXPENDITURES) (797,316) (621,763) (788,720) (662,530) 352,200 BEGINNING BALANCE 3,044,569 2,247,253 1,625,490 836,770 174,240 ENDING BALANCE $ 2,247,253 $ 1,625,490 $ 836,770 $ 174,240 $ 526,440 s • • • • • • • • • • • • • • • • • 24 • • • OPERATIONS WATER DEPARTMENT MISSION To meet the Citizen's demand for potable water and dispose of waste water in compliance with regulations and consideration of the environment. • Water • Sewer ACTIVITY SUMMARY The City's Water Utility Operations are the responsibility of the Public Works Director. Accomplishments in 2003: * Made substantial progress on the Meter Changeout/Audit program. * Continued relocation of water and sewer mains in Priority Area 6B. Goals for 2004. » Complete the Meter Changeout/Audit Program. s Seal all old water and sewer mains in all areas to Priority Area 7B. Account Actual Actual Actual Actual Revised Budget Description 1999 2000 2001 2002 2003 2004 Operations - Water Personnel $573,429 $623,886 $682,935 $799,545 $807,751 $852,150 Operating charges 1,780,569 1,875,058 1,583,151 1,640,254 1,736,726 1,675,310 Capital 7,187 18,740 20,780 17,841 - - Total $2,361,185 $2,517,683 $2,286,866 $2,457,640 $2,544,477 $2,527,460 POSITION GRADE BUDGET 2003 BUDGET 2004 SALARY RANGE MINIMUM MAXIMUM Water Fund Operations Superintendent 43 1 1 50,998 68,342 Utilities Coordinator 38 1 1 34,249 46,028 Field Service Supervisor 39 1 1 40,061 53,839 Plant Supervisor 39 1 1 40,061 53,839 Maintenance Worker-Field Service 33 2 2 22,623 30,403 Equipment Operator 35 1 1 27,273 36,652 Laborer-Field Services 32 1 1 21,461 28,842 Lead Plant Operator 37 - 1 29,598 39,778 Crew Leader 37 3 3 29,598 39,778 Plant Operator 35 4 3 27,273 36,652 Total Water Fund 15 15 26 WATER UTILITY CAPITAL PROJECT FUND The Water and Sewer Utility Capital Project Reserve Fund accounts for the financing of the major capital projects necessary to maintain the City's Water and Sewer Utility. The Reserve is to ensure that a sufficient fund balance is maintained to adequately finance major maintenance and repair projects. Projects that cost $25,000 or less are routinely budgeted in the Water and Sewer Operating Fund. This Fund plans for larger projects, which are unusual in both the size and scope of the work. FUND ACTIVITY The 2003 Budget provided $260,000 to fund capital repairs and maintenance. During 2003, the City will spend an estimated $213,860 replacing worn water meters and repairing a lift station. New and continued projects The Meter Replacement Program is a multi-year project that will continue in 2004 A Major repair to a lift station is also included in the 2004 budget. For the future: The Water and Sewer system is developing a backlog of projects that will need funding in the future. Water well reconstruction, repair and repainting elevated storage tanks and repair and reconstruction of equipment used in treating waste water will require a steady flow of funds into the future. WATER AND SEWER FUND - CAPITAL PROJECTS RESERVE STATEMENT OF REVENUES AND EXPENDITU RES Actual Actual Actual Estimated Budget 2000 2001 2002 2003 2004 BEGINNING BALANCE $ 196,270 $ 308,512 $ 196,443 $ 325,883 $ 117,023 REVENUES Transfers from: Water and Sewer Operating Fund 270,833 - 200,000 - 25,000 Interest 15,849 15,399 6,497 5,000 5,000 TOTAL REVENUES 286,682 15,399 206,497 5,000 30,000 TOTAL AVAILABLE 482,952 323,911 402,940 330,883 147,023 EXPENDITURES - Meter Replacement Program Lift Station Repair - - - - - - 129,000 75,000 50,000 Paint Wake Forest Tank - - - - - Contingency - - - 84,860 20,000 Completed Projects 174,440 127.468 77,057 - TOTAL EXPENDITURES 174,440 127,468 77,057 213,860 145,000 ENDING BALANCE S 308,512 $ 196,443 $ 325,883 $ 117,023 $ 2,023 27 za • • • • • • • • • • • • ! • • ! • • • • • • • • • • • • • • • • • • • • • • • • • SOLID WASTE FUND SOLID WASTE FUND The City collects and disposes of solid waste for its citizens. The financial activity associated with this service is accounted for in an enterprise fund to insure that the solid waste service is truly fee supported. dramatic savings. Disposal fees increased in 2003 for the first time since 1998 due to both increased volume and higher charges resulting using a transfer station to receive the waste. We expect that landfill charges will remain stable in 2004. FUND FINANCIAL ACTIVITY Financial Activity in 2003. For the year ended December 31, 2003, the Solid Waste Fund is expected to bill an estimated $938,000 for solid waste services. A fee increase included in the 2003 Budget was implemented in December of 2002. In addition to fees for solid waste collection the Fund is expected to realize another $100,000 from the sale of recyclable materials. The direct cost of providing solid waste services in 2003 is expected to amount to $787,920, about 9% more than 2002. Direct costs include personnel, capital equipment, supplies, and services that can be directly related to the solid waste collection and disposal service. Of these costs the largest single cost is the fee for disposal of solid waste. This cost had been declining steadily due to better control over how the fee was determined and recycling. In 1998 the City spent $218 thousand for landfill service, in 2003 we are on track to spend $185 thousand, a There are other costs that are more difficult to quantify. Administrative, risk management, and equipment depreciation are examples of indirect costs associated with the delivery of solid waste services. Primarily, the General Fund pays these costs. $190,000 was provided toward reimbursing the General Fund for these indirect costs, bringing the total cost of service to $977,420. The 2004 Budget. The Solid Waste Fund's revenues in 2004 should be very similar to 2003. No fee increases are anticipated. Total revenues are expected to be $1.05 million. Expenditures are expected. to total $1,020,960 including the $200,000 payment to the General Fund. For the Future. The cost of collecting and disposing of solid waste is expected to remain stable for the next several years. SOLID WASTE FUND STATEMENT OF REVENUES AND EXPENDITURES Actual Actual Actual Estimated Adopted 2000 2001 2002 2003 2004 OPERATING REVENUES Solid Waste Collection Sales ofRecyclables Interest Transfers from other funds 831,259 - 4,788 - 855,130 - 5,998 - 864,748 - 1,796 50,000 938,000 100,000 10,000 87,670 940,000 100,000 10,000 - TOTAL OPERATING REVENUES 836,047 861,128 916,544 1,135,670 1,050,000 EXPENDITURES Operations Administration 725,972 190,000 747,367 190,000 722,263 190,000 787,920 190,000 820,960 200,000 TOTAL EXPENDITURES 915,972 937,367 912,263 977,920 1,020,960 NET REVENUES (EXPENDITURES) (79,925) (76,239) 4,281 157,750 29,040 BEGINNING BALANCE 97,806 17,881 (58,358 (54,077 103,673 ENDING BALANCE $ 17,881 S (58,358) $ (54,077) $ 103,673 $ 132,713 29 30 GENERAL SERVICES SOLID WASTE Public Works General Services • Solid Waste DEPARTMENT MISSION To provide a solid waste collection and disposal service that is effective, efficient and environmentally responsible. ACTIVITY SUMMARY The Solid Waste Department. reports to the City's Public Works Director. The Department collects solid waste from the City's residents and disposes of it; operates the City's recycling center; and collects limbs and other yard waste. Major Budget Items: • Landfill tipping fees ($184,000). • Motor Vehicle Maintenance ($25,000). . • Payments to the General Fund for administration and insurance ($200,000). Accomplishments in 2003: • Expanded recycling to include ink/laser jet cartridges, cell phones, and rechargeable batteries. Goals for2004: Improve the efficiency of curbside recycling and reduce overtime by rescheduling recycle collection days for some residents. Account Description Actual 1999 Actual 2000 Actual 2001 Actual 2002 Revised 2003 Budget 2004 General Services - Solid Waste Personnel 343,173 370,421 386,076 391,275 406,180 450,960 Operating charges 345,140 355,551 356,795 330,987 378,240 370,000 Capital - - 4,500 - 3,000 - Administrative charge 190,000 190,000 190,000 190,000 190,000 200,000 Total 878,313 915,972 937,371 912,262 977,420 1,020,960 Solid Waste Fund Crew Leader 37 - 1 29,598 39,778 Driver-Solid Waste 33 9 8 22,623 30,403 Equipment Operator-Recycling 35 1 1 27,273 36,652 Total Solid Waste Fund 10 10 32 CAPITAL PROJECT FUNDS CAPITAL PROJECT FUND The Capital Project Fund finances the purchase or construction of expensive, highly specialized vehicles; equipment and vehicles having very long service lives; property; and buildings. Capital projects are characterized by their cost (normally exceeding $25,000), the long operational life of the completed asset, and the impact they would have on a department's operating budget. Capital Projects are financed by debt proceeds, reserves, contributions, and interest earned on investments. FUND ACTIVITY The City's Capital Project Fund's 2003 Budget provided $2,732,500 to fund projects. The sources of these funds were transfers from the General Fund; lease purchase contracts; grants; interest; and contributions. The Fund began 2003 with a $446,450 on hand. During 2003 the Fund is expected to receive $25,000 from other funds and $400,000 from the State of Texas under a STEP grant. - Expenditures are expected to be $737,000 in 2003 leaving a Fund Balance of $590,900. 2004 Appropriations. Appropriations for 2003 include funding for a project underway when the current fiscal year ends on December 31, 2003 and three new projects. Projects underway on January 1, 2003 include: Edloe/downtown. The Infrastructure in City Center area just east of West U Elementary is being completely renovated. Funds for this project are provided by the City and by an 80/20 matching grant from the State of Texas. Two completely new projects have been included in the 2004 Budget: $35,000 has been provided for agenda management and imaging software. $25,000 is included to provide multi-media presentation capability to the Citv Council Chambers and the Bill Watson Conference Room. For the Future. Many of the City's immediate needs for capital have been met. Drainage improvements, especially in Priority Area 2 are expected to require financing by. 2005. A new fire truck will be needed also by 2005. Preliminary plans for a new Police Station and a Recreation Center to be located on the grounds of the YMCA property will be firmed up by 2006. Project Schedule Estimated Expenditures Estimated Adopted Total Project Through Expenditures Budget Cost 2002 2003 2004 Active Projects Downtown/Edloe Street $ 1,077,600 S 68,423 $ 55,000 $ 954,180 Edloe/Linear Park 8,500 - 8,500 - ADA Compliance 25,000 - 25,000 Gateway Signs 100,000 - 100,000 - New Projects Agenda Management/imaging project 35,000 - - 35,000 Multi-media presentation for Council 25,000 - - 25,000 YMCA/West U Community Center 290,000 - 125,000 - Contingency 25,000 25.000 Total Project Costs $ 1,586,100 $ 68,423 $ 313,500 $ 1,039,180 33 Beginning Balance Sources Transfers: General Fund Recycling Fund Grants METRO Texas Department of Transportation Interest Friends of West University Place Parks Certificates of Obligation Total Sources and Balances Capital Projects Ending Balance Actual Actual Actus' 2000 2001 20 $ (657,397) $ (226,884) S 33 Esc Led Budget _ 2004 $ 446,449 $ 197,949 900,000 800,000 250,000 - 52,083 25,000 25,000 25,000 - 16,498 35,000 16,426 17,086 5,247 5,000 529,111 - 3,325,000 - - 311,112 3,940,202 1,162,221 511,449 537,996 3,603,837 715,772 313,500 $ (226,884) $ 336,365 S 446,449 $ 197,949 $ 835,000 35,000 1,067,949 1.039.180 34 INFRASTRUCTURE REPLACEMENT FUND The Infrastructure Replacement Fund is used to account for the financing of the major capital projects associated with replacing the City's streets, drainage, water and waste water systems. This ambitious program was initiated in the early 1990s. Easily qualifying as the largest public works program in the history of the City, the infrastructure replacement program is being financed with debt, water and sewer revenues and grants. The program's broad public support was demonstrated in 1995, when the City's voters overwhelmingly approved a $63,000,000 Bond Program. The approach to this program is unique. Rather than defining the projects as an individual street project or drainage project, the City was divided into 12 priority areas. All infrastructure replacement within a priority area is undertaken as a single project. This approach allows the contractor economies of scale, which translates into a lower total cost. Additionally, the disruption of City services is minimized. In 2000 rising assessed values and a strong economic outlook persuaded city leaders to accelerate the pace of the program. The original plan called for completion of the last priority area in 2011, the accelerated schedule anticipates for the completion of the seven remaining priority areas by 2006. PROGRAM FUNDING AND PROGRESS The Infrastructure Replacement Program is in its final phase. In 2003 work on Priority Area 10 and IIB will get underway. Certificates of Obligation were issued in 2003 to provide the funding needed to complete all construction by 2005. These bonds will raise property taxes and the cost of water service to West U residents. However these increases are well within the parameters established when the infrastructure program began: Debt service costs associated with this program are projected to reach $7 million in 2004 and remain relatively constant well into the future. FUND ACTIVITY During 2004, work continued in priority areas 6B and 7A, 7B, 8, 9, 11A and 12. The 2004 budget appropriates funds to nine different areas ranging from area 5 to area 12. PROJECT SCHEDULE Total Project Project Costs Estimated Budget Cost Through 2002 2003 2004 Area 7A $ 7,974,710 S 6,918,150 S 1,035,360 S 21,200 Area 6A - Elementary Phase 1,020,550 - 820,000 200,550 Area 8 10,944,420 7,895,600 2,000,000 1,048,820 Area 9 12,732,180 7,618,040 4,000,000 1,114,140 Area 10 8,756,520 - 2,000,000 6,756,520 Area 1In 6,168,570 4,706,250 750,000 712,320 Area l lb 7,300,120 - 545,200 6,754,920 Issuance costs 150,000 - 150,000 - Slip Lining Perimeter Sewer Lines 519,220 - 25,000 494,220 Contingency 100,000 - - 100,000 55,666,290 27-138,040 11,325,560 17,202,690 35 INFRASTRUCTURE REPLACEMENT FUND STATEMENT OF REVENUES AND EXPENDITURES Actual Actual Actual Estimated Budget 2000 2001 2002 2003 2004 BEGINNING BALANCE $ 13,450,438 $ 24,335,199 S 18,945,925 $ 16,689,468 $ 16,011,238 REVENUES Grants 547,825 259,000 259,000 259,000 259 000 Interest earned on investments 841,753 952,675 469,478 470,000 , 350 000 Bond Proceeds 16,107,933 6,390,000 12,596,240 9,918,330 , TOTAL REVENUES 17,497,511 7,601,675 13,324,718 10,647,330 609,000 TOTALAVAILABLE 30,947,949 31,936,874 32,270,643 27,336,798 16,620,238 EXPENDITURES Ca ital Projects 6,612,750 12,990,949 15,581,175 11.325,560 17 202 690 TOTAL EXPENDITURES 6,612,750 12,990,949 15,581,175 11,325,560 , , 17.202,690 ENDING BALANCE $ 24,335,199 $ 18,945,925 $ 16,689,468 $ 16,011,238 $ (582,452) 36 SIDEWALK CONSTRUCTION FUND The Sidewalk Construction Fund is used to account for the cost and financing of the replacing the City's sidewalks. FUND ACTIVITY During 2003 the Fund is expected to spend $240,000 leaving a fund balance of $4,744,616. Expenditures in 2004 are expected to amount to $4,854,620. SIDE WALK CODS 1RI ICI10N RM STATENENTOFREVE L)ESANDM EbaMRFS Actual 20(10 Actual 2001 Actual 2002 Estimared 2003 Budget 2004 BEGESUsM BAIANM $ $ 4,993,301 $ 4,975,333 $ 4,884,616 $ 4,734,616 REVENUES Proceeds from sale of bolds Inturestearned oninvesurents 5,000,000 - - - - 113,143 - 100,000 - 120,000 TOTALREVEVUFS 5,000,000 - 113,143 100,000 120,000 TOTAL AVA11 ARi F 5,000,000 4,993,301 5,088,476 4,984,616 4,854,616 E}PE1IDITURFS Sidewalk Caisuuction 6,699 17,968 203,860 250,000 4,854,620 110TALEM12%IDITURH4 6,699 17,968 203,860 25Q000 4,854,620 El, Il BALAMM $ 4,993,301 $ 4,975,333 $ 4,884,616 $ 4,734,616 $ (4) 37 38 EQUIPMENT REPLACEMENT FUND The City uses a wide variety of equipment to provide services to its citizens. The Equipment Replacement Fund finances the purchase of equipment routinely used by the City such as automobiles, trucks, tractors, trailers, and vans. Each City Department contributes to the Equipment Replacement Fund based on the estimated life and replacement value of the equipment used. Equipment is purchased by the Fund when a combination of age and repair cost indicates that the machine has reached the end of its useful life. FUND ACTIVITY The Equipment Replacement Fund was established in the 1998 Budget. Currently, the City has equipment that cost more than $1.9 million in service. The cost to replace this equipment is estimated to exceed $2.8 million. The Fund began 2003 with a balance of $201,810. Transfers from other funds are expected to provide $286,310. Expenditures are expected to amount to $268,850. In 2004 transfers from the General Fund were frozen. Expenditures are budgeted to be $230,000 leaving a fund balance of $169,570. EQUIPMENT REPLACEMENT FUND STATEMENT OF REVENUES AND EXPENDITURES Actual 2000 Actual 2001 Actual 2002 Revised 2003 Adopted 2004 BEGINNING BALANCES $ 105,924 S 145,420 $ 201,810 $ 252,181 $ 269,641 REVENUES: Transfer from the General Fund Transfer from the Water and Sewer Fund Transfer from the Solid Waste Fund Other revenues Interest 221,759 69,116 112,992 4,680 5,478 166,500 63,800 104,300 - 14,287 148,750 - 107,250 14,760 6,335 103,110 63,700 107,250 5,000 7,250 - 65,800 107,250 - 7,250 TOTALREVENUES 414,025 348,887 277,095 286,310 180,300 TOTAL AVAILABLE RESOURCES 519,949 494;307 478,905 538,491 449,941 TOTAL EXPENDITURES 374,529 292,497 226,724 268,850 230,000 ENDING BALANCE $ 145,420 $ 201,810 $ 252,181 $ 269,641 $ 219,941 39 EQUIPMENT REPLACEMENT LIST Actual Actual Actual Estimated Budget 2000 2001 2002 2003 2004 General Fund Administration Telephone system $ - $ - $ - $ - $ 140,000 Police Department Automobiles 54,971 18,428 60,362 97,530 90,000 Radios - 63,554 - - - Alarm Monitoring Equipment - - - 46,320 - Finance Department Central administration data server (ASP400) - 47,678 19,343 - _ Fire Department Breathing Air Compressor - - - 17,000 - Public Works Department Pickup trucks - 28,137 147,019 35,000 - Crew trucks - - - 73,000 Radios 49,505 - _ - - Flat bed truck 36,250 - - - - Water and Sewer Fund Public Works Department Video Cameras for sewer lines 35,633 - - - - Jet Truck 78,636 - - - - Solid Waste Fund Solid Waste Truck 119,534 134,700 - - - TOTAL EXPENDITURES $ 374,529 $ 292,497 $ 226,724 $ 268,850 $ 230.000 40 SPECIAL REVENUE FUNDS SPECIAL REVENUE FUNDS Special Revenue Funds are created to account for the proceeds of specific revenue sources that are restricted to expenditures for specific purposes. The City has four active special revenue funds and one discontinued fund: the Parks Fund accounts for donations made by citizens for the specific purpose of improving the City's parks, the Senior Citizens Activity Fund accounts for revenues contributed by senior citizens for programs, the Court Technology Fund accounts for the revenues generated by a Court Technology Fee added to each traffic ticket; and the Direct Dental Reimbursement accounts for funds set aside to fund certain benefits. The Recycling Fund accounted for revenues derived from the sale of recyclable materials. In 2003 this fund was incorporated into the Solid Waste Fund. THEPARKSFUND The Parks Fund accounts for donations made by citizens for West U parks. The principal source of revenue is small donations made when paying utility bills. 2004 appropriations in the Parks Fund are $13,800 PARKSFUND STATEMENT OF REVENUE AND EXPENDITURES Fiscal Beginning Expenditures Ending Year Balance Donations Interest Park Programs Balance 1999 3,973 1,367 121 - 5,461 2000 5,461 312 5,773 2001 5,773 1,926 371 - 8,070 2002 8,070 1,156 190 - 9,416 2003 9,416 2,000 200 - 11,616 THE SENIOR CITIZENS ACTIVITY FUND The Senior Citizens Activity Fund has been created to account for revenues dedicated to senior citizen's activities. In the past these activities have been accounted for in a separate fund under the control of the Senior Citizens Board. In order to increase the internal controls over these funds and to comply with State and Local laws, accounting for this activity is being transferred to the Finance Department. In 2004 revenues, consisting of activity fees paid by seniors, are expected to amount to $2,400. Expenditures on these activities are also expected to be $2,500. SENIOR CITIZENS ACTIVITY FUND STATEMENT OF REVENUE AND EXPENDITURES Fiscal Beginning Activity Senior Ending Year Balance Fees Donations Activities Balance 1999 2000 - - 2001 - 2,173 - (1,251) 922 2002 922 - 271 (946) 247 2004 247 2,400 100 (2,500) 247 1 41 APPENDIX A BONDED DEBT Most cities use long-term debt to finance the construction or purchase of major capital assets. Since its incorporation 1925, the City has used debt to finance the construction of streets, drainage, water and sewer assets. As the City became "built out" in the 1950s the need for new debt declined and by 1983 the City had only $1.1 million in outstanding bonded debt. Even so, the City was on the brink of momentous change. In 1983 the assessed value of taxable property in the City totaled $424,360,000. Twenty years later in 2003, assessed values have increased by more than $2 billion to $2,635,000,000. This tremendous increase in value came as the result of an economic and social trend - that is still underway. West University Place's assessed values shot up because it was attractive to managers and professionals who wished to be closer to their work. The City's low crime rate, trees, good public transportation, and convenient access to both the Medical Center and downtown triggered a building boom similar to a new developing City. Older homes were tom down and replaced with new structures at an astonishing rate. The City began to experience problems similar to those experienced in developing areas. Streets and drainage systems that were already approaching the end of their useful lives were taxed to the breaking point. In 1982 the citizens approved $3.3 million in bonds to be issued to construct a new police calls for long-term debt to be used in reconstructing the City's entire infrastructure by the year 2005. This program called for the City to issue $63 million of bonds. All of the proceeds of these bonds were to be applied to infrastructure. In addition to the original S63 million the City issued $9.9 million of Certificates of Obligation to complete the funding of the infrastructure replacement. The debt issued to finance this plan is supported by ad-valorem taxes and net revenues from the water and sewer utility. The need to improve drainage in Priority Area 2 became clear after extensive flooding during tropical storm Allison. These improvements could add up to $4 million to the total cost of infrastructure improvements. The City Charter limits the City's bonded debt to 5% of the assessed value. Since the projected assessed value for the City in 2001 is $2.6 Outstanding Bonded Indebtedness December 31, 2003 Bonded Indebtedness Payable from Ad Valorem Taxes 1996 Permanent Imp Bonds $ 2,780,000 1998 Permanent Imp Bonds 13,285,000 2000 Permanent Imp Bonds 20,550,000 2002 Permanent Imp Bonds 28,100,000 2002 YMCA Certificates 3,240,000 2003 Certificates of Obligation 9,900,000 Bonded Indebtedness Payable from Ad Valorem Tar 77,855,000 Bonded Indebtedness Payable from Water and Sewer Revenues 1996B Waterworks and Sewer System Imp. Bonds 1,210,000 1996A Waterworks and Sewer System Imp. Bonds 3,835,000 1998 Revenue Bonds 4,440,000 2001A Waterworks and Sewer System Imp Bonds 3,555,000 2001B Waterworks and Sewer System Imp Bonds 2,955,000 Bonded Indebtedness Payable from Water and Sewe 15,995,000 Total Bonded Indebtedness $ 93,850,000 station and reconstruct the most deteriorated street, water, and sewer assets. This bond issue was the first since 1976. The City next bond sale wasn't until 1992. The need to reconstruct the City's infrastructure was becoming acute. This bond sale marked the beginning of the current program. Currently the City is following a plan approved by the citizens in November 1995. This plan billion, the current debt limit under this provision is $131,750,000. As of January 1, 2003 the City will owe a total of $93,850,000 to bondholders of all outstanding tax supported bonds. Of this total amount, the amount to be financed by the Debt Service Fund using property taxes will be $77,855,000. Future Activity - In 2003 the final debt issuance needed to complete the infrastructure 43 replacement program were sold. There are future projects in planning stages, but these projects are not expected to move from the planning phase to the financing phase until 2005. Accordingly, the property tax rate dedicated to debt service is Debt Service To Maturity Tax Supported Revenue Supported 2004 6,419,050 1,280,339 2005 6,448,138 1,279,227 2006 6,762,154 1,282,577 2007 6,764,572 1,280,587 2408 6,768,081 1,277,550 After 2008 81,558,079 17,831,224 Total 114,720,074 24,231,504 expected to be stable for next two to five years. Water and sewer supported debt service is also expected to remain stable for the next several years. 44 APPENDIX B REVENUE SOURCES The City relies on four major sources of revenue to finance its activities. PROPERTY TAXES: Property (ad valorem) taxes attach as an enforceable lien on property as of each January 1 for all real and business personal property located within the City. Taxes are levied when the City Council adopts a budget for the next year but no earlier than levies the M. State law provides that if the City raises the rate more than 8% (after certain adjustments) above the previous year's rate, the voters can petition for an election to determine whether to limit the tax Fiscal Year General Fund Debt Service Fund Total Tax Rate 1996 0.2100 0.1600 0.3700 1997 0.2100 0.1700 0.3800 1998 0.2100 0.1900 0.4000 1999 0.2100 0.2100 0.4200 2000 0.2000 0.2100 0.4100 2001 0.2050 0.2150 0.4200 2002 0.1950 0.2250 0.4200 2003 0.1900 0.2400 0.4300 2004 0.1976 0.2500 0.4476 October 1. Taxes are due January 31 and are considered delinquent after that date. Property tax revenues are based on three major factors: assessed or estimated value, the rate of collection of outstanding balances, and the property tax rate. The Harris County Appraisal District (HCAD) is responsible for appraising the values of property sited within Harris County. State law requires HCAD to appraise all property in its jurisdiction Tax Rate Comparison at least every Jurisdiction Tax Rate five years at Bellaire 0.4800 100% of the Houston 0.6550 estimated Southside Place 0.2153 market value. Jersey Village 0.6750 The oversight of this Spring Valley 0.4066 process is Sea Brook 0.6000 vested in the Appraisal Review Board. Residential property accounts more than 98% of all property value in the City. The ratio of residential property value to total value has grown steadily for the past five years, while commercial and utility property values continue to decline as a component of total value. This trend will continue into the future. The City establishes the tax rate, assesses, and rate to no more than 8% above last year's rate. Taxes are applicable to the year subsequent to the one in which they are levied. The City's property tax policies has been to decrease the amount of property taxes dedicated to maintenance and operations and increase the portion dedicated to paying debt service. Since 1991 when the debt service component of property taxes amounted to less than 25% of the total tax rate, debt service payments have risen to consume more than 55% of total tax revenues. Tax revenues dedicated to debt service are expected to reach $6.7 million annually and remain stable into the foreseeable future. The City's 2004 property tax revenue is based on an estimated assessed value of $2,635,000 and a 99% collection rate. The estimated market value of taxable property has grown explosively (225%) since 1987. In the past five years the taxable value of property has grown almost $1 billion. The property tax rate in 2003 will be $0.43000 per $100 valuation, 1 cent above last year's rate. Increased debt service requirements caused the need for this increase. UTILITY FEES: Water and sewer service fees: The City provides water and sewer services to approximately 5,880 customers. Of this total, about 97% are residential and 3% are commercial. Residential Rates Water Sewer 0 - 3,000 gallons $2.00 per 1,000 gallons $1.95 per $1,000 gallons 3001 - 15,000 gallons $2.18 per 1000 gallons $1.95 per $1,000 gallons 15,001 gallons and up $2.37 per 1,000 gallons $1.95 per $1,000 gallons The City increased its water and sewer rates in 2001 and expects that further increases will be 45 needed in 2003. These increases are driven by dramatic increases in debt service expenditures since 1998. Solid Waste Fees: The City collects and disposes of solid waste for its citizens. This service is provided twice weekly at curbside. Additionally, the City operates a curbside recycling program for the benefit of its citizens. A $15.75 monthly fee funds these services for citizens under 65 years of age. The monthly fee is $8.00 per month for citizens over 65 years of age. These fees are expected to generate $910,000 in 2003. SALES TAX: The sales tax in the City of West University Place is currently 8.25% of goods and services sold within the City. The tax is collected by businesses making the sale and remitted to the State Comptroller of Public Accounts. Of the 8.25%, the State retains 6.25% and, distributes 1% to the Metropolitan Transit Authority, and 1% to the City. The City's portion of Sales Taxes amounted to $768,742 in 2002 and is expected to amount to $900,000 in 2003. Both 2002 and 2003 reflect unusually high revenues due to one- time adjustments resulting from audits. Sales taxes are expected to generate $585,000 in 2004. FRANCHISE FEES: The City maintains non-exclusive franchise agreements with utility companies that use the City's roadway rights-of-way to conduct their businesses. Besides defining the responsibilities of the utilities in maintaining their assets, the agreements contain a franchise fee clause requiring the utilities to compensate the City for the use of the rights-of-way. Generally, these fees are based on a percentage of the utilities gross receipts generated by services provided to customers located within the City's corporate limits. Franchise fees are expected to generate $929,600 in 2004. Historical and Projected Revenues (not including utility services) Property Taxes 1999 $ 6,61 .64 2000 $ 7,376,687 2001 $ 8,532,873 20(''- $ 9,57-; 400 $ 2003 10,740,270 2004 $ 11 394 480 Sales Tax Franchise Fee 5:.,,556 824,614 896,958 558,000 780,000 , , 585,000 s Licenses and Permits 818,326 396 484 786,672 496 677 533,646 472 081 908,560 439 0 892,890 929,600 Fines and Forfeitures , 307,058 , 274,001 , 276,815 , 00 300 000 451,000 485 000 467,100 552 0 Charges for Services 796,763 914,686 901,544 , 1,025,000 , 187,500 , 00 162 950 Intergovermental 650,459 1,055,425 259,000 359,000 420,000 , 417 700 Investment Income 1,288,324 1,015,579 1,720,839 1,092,900 375,000 , 340 000 Other Revenues 343,348 478,268 389,693 250,400 380,400 , 368 400 Total $ 11,754,982 $13,222,609 $13,983,449 $14,507,260 $ 14,712,060 , S 15,217,230 46 APPENDIX C PAY GRADE SALARY STRUCTURE 2004 COMPENSATION PLAN Pay Grade Minimum Mid-Point Maximum Civilian 32 21,890.05 25,654.21 29,418.38 33 23,075.49 27,043.51 31,011.53 34 25,447.46 29,823.36 34,199.25 35 27,818.36 32,601.95 37,385.54 36 29,004.86 33,992.48 38,980.11 37 30,190.31 35,381.78 40,573.25 38 34,934.24 40,941.46 46,948.68 39 40,862.55 47,889.19 54,915.84 40 42,641.25 49,973.77 57,306.28 41 45,013.21 52,753.60 60,493.99 42 48,388.73 56,709.57 65,030.41 43 52,017.88 60,863.41 69,708.94 Exempt ER-1 1 62,421.46 73,033.11 83,644.75 ER-2 2 74,095.75 87,639.73 100,373.70 ER-3 3 82,396.31 96,403.69 110,411.07 Police Dispatch 31,660.51 37,104.80 42,549.08 Officer 40,783.58 47,796.64 54,809.71 Sergeant 50,979.21 59,745.50 68,511.79 Lieutenant 58,626.39 68,707.67 78,788.96 Fire Fire Fighter 37,676.64 44,155.44 50,634.25 Lieutenant 48,037.72 56,298.19 64,558.67 Captain 57,645.26 67,557.83 77,470.41 1. Finance Director, Parks & Recreation Director, Police Captain, Human Resource Manager 2. Police Chief, Fire Chief 3. Assistant City Manager/Public Works Director 47 GLOSSARY OF TERMS -A- -B- -C- ACCOUNT: A term used to identify an individual asset, liability, expenditure control, revenue control, encumbrance, or fund balance. ACCOUNTS PAYABLE: A liability account reflecting amounts on open account owing to private persons or organizations for goods and services received by a government but not including amounts due to other funds of the same government or to other governments. ACCOUNTS RECEIVABLE: An asset account reflecting amounts owing to open accounts from private persons or organizations for goods and services furnished by a government. AD VALOREM: Latin for "value of'. Refers to the tax assessed against real (land and buildings) and personal (equipment and furniture) property. APPROPRIATION: A legal authorization granted by a legislative body (City Council) to make expenditures and incur obligations for designated purposes. ASSESSED VALUATION: A valuation set upon real estate or other property by a government as a basis for levying taxes. BALANCE SHEET: The basic financial statement which discloses the assets, liabilities, and equities of an entity at a specified date in conformity with GAAP. BASIS OF ACCOUNTING: The modified accrual basis of accounting is followed by Governmental funds, Expendable Trust funds and Agency funds. Under the modified accrual basis of accounting, revenues are recorded when susceptible to accrual, i.e., both measurable and available. Available means collectible within the current period or soon enough thereafter to be used to pay liabilities of the current period. Expenditures are recorded when the liability is incurred, if measurable, except for principal and interest on general long-term debt, which are recorded when due, and compensated absences, which are recorded when payable from currently available financial resources. Substantially all revenues are considered to be susceptible to accrual. In applying the susceptible to accrual concept to intergovernmental revenues, the legal and contractual requirements of the numerous individual programs are used for guidance. Intergovernmental revenues are reflected as revenues at the time of receipt or earlier if the susceptible to accrual criteria are met. The City's Proprietary fund is accounted for using the accrual basis of accounting, under which revenues are recorded when earned and expenses are recorded when liabilities are incurred. BOND: A written promise, generally under seal, to pay a specific amount of money, called the face value, at a fixed time in the future, called the maturity date, and carrying interest at fixed rate, usually paid periodically. BUDGET: A plan of financial operation embodying an estimate of proposed expenditures for a given period and the proposed means of financing them. BUDGET ORDINANCE: The official enactment by the City Council establishing the legal authority for city officials to obligate and expend funds. CAPITAL OUTLAYS: Expenditures which result in the acquisition of or addition to fixed assets which are individually priced more than $1000. 48 CAPITAL IMPROVEMENTS PROGRAM: A plan for capital expenditures to be incurred each year over a fixed period of several years setting forth each capital project and the amount and method of financing. CENTRAL APPRAISAL DISTRICT: A county-wide district formed by legislature to provide appraisals of property located within the county. These county-wide appraisals are provided to the county, school districts, cities and municipal utility districts for basis of taxation. CURRENT ASSETS: Those assets which are available or can be made readily available to finance current operations or to pay current liabilities. Those assets which will be used up or converted into cash within one year. Some examples are cash, temporary investments and tares receivable which will be collected within one year. CURRENT LIABILITIES: Debt or other legal obligation arising out of transactions in the past which must be liquidated, renewed or refunded within one year. -D- DEBT SERVICE: A cost category which typically reflects the repayment of general long-term debt principle and interest. DELINQUENT TAXES: Property taxes remaining unpaid at the end of the current fiscal year. Although taxes become delinquent and accrue penalties and interest on February 1 of each year, they are carried as current taxes receivable during the current fiscal year. -E- EFFECTIVE INTEREST RATE: The property tax rate set necessary to generate the same tax dollars as the previous tax year. ENCUMBRANCES: Obligations in the form of purchase orders or contracts charged to an appropriation which reserves the funds until it is necessary to pay the bill. -F- FISCAL YEAR: A twelve month period at the end of which the City determines its financial condition and the results of its operations and closes it books. FIXED ASSETS: Assets of a long-term character which are intended to continue to be held or used, such as land, buildings, machinery and equipment. FRANCHISE: A special privilege granted by a government permitting the continuing use of public property, such as city streets, and usually involving the elements of monopoly and regulation. FUND: A fiscal and accounting entity with a self-balancing set of accounts recording cash and other financial resources, together with all related liabilities and residual equities or balances and changes therein, which are segregated for the purpose of carrying on specific activities or attaining certain objectives in accordance with special regulations, restrictions or limitations. FUND BALANCE: The difference between governmental fund assets and liabilities, also referred to as fund equity. -G- GENERAL LEDGER: A book, file or other device which contains the accounts needed to reflect the financial position and the results of operations of an entity. In double-entry bookkeeping, the debits and credits in the general ledger are equal; therefore, the debit balances equal the credit balances. GENERAL OBLIGATION BONDS: Bonds for the payment of which the full faith and credit of the issuing government are pledged. In issuing its general obligation bonds, the City of West 49 University place pledges to levy whatever property tax is needed to repay the bonds for any particular year. Bonds cannot be issued without voter approval and are usually issued with maturities of between 15 and 30 years. GOVERNMENTAL FUNDS: Those funds through which most governmental functions typically are financed. The acquisition, use and financial resources and the related current liabilities are accounted for through governmental funds (General, Special Revenue, Capital Projects and Debt Service Funds). -M- MODIFIED ACCRUAL BASIS: This accounting technique is a combination of cash and accrual accounting since expenditures are immediately incurred as a liability and which revenues are not recorded until they are both measurable and available. -O- ORDINANCE: A formal legislative enactment by the governing board of a municipality. If it is not in conflict with any higher form of law, such as a state statute or constitutional provision, it has the full force and effect of law within the boundaries of the municipality to which it applies. The difference between au ordinance and a resolution is that the latter requires less legal formality and has a lower legal status. Revenue raising measures, such as the imposition of taxes, special assessments and service charges, universally require ordinances. -p- PERSONAL SERVICES: The costs associated with compensating employees for their labor. PURCHASE ORDER: A document which authorizes the delivery of specified merchandise or the rendering of certain services and the making of a charge for them. -R- REVENUES: Increases in governmental fund type net current assets from other than expenditure refunds and residual equity transfers. -S- SPECIAL REVENUE FUND: A fund used to account for the proceeds of specific revenue sources that are legally restricted to expenditures for specified purposes. -T- TAXES: Compulsory charges levied by a government for the purpose of financing services performed for the common benefit. This term does not include specific charges made against particular persons or property for current or permanent benefits such as special assessments. Neither does the term include charges for services rendered only to those paying such charges as, for example, sewer service charges. TAX RATE: The amount of tax levied for each $100 of assessed valuation. -U- USER FEES: The payment of a fee for a direct receipt of a public service by the party benefiting from the service. r 50 • • • • • • • • • • • • • • • • • • CITY OF WEST UNIVERSITY PLACE 3800 UNIVERSITY BOULEVARD HOUSTON, TEXAS Telephone: 713.668.4441 CITY STAFF Cit Maria er 713.662.5810 mross westu.or City Secretary 713.662.5813 kholloway westu.org Finance Director 713.662.5816 wthomas westu.or Police Chief 713.662.5861 kwalker@w.estu.org Fire Chief 713.662.5836 tstevenson westu.or Public Works Director 713.662.5840 rwicker@westu.org Parks and Recreation Director 713.662.5892 mmailesla westu.org • • Patil City Attorney Jim • lo, Brown and Hill 254.772.4901 Dougherty 713.880.8808 • • • • CONSIILTANTS Auditors SERVICES Munici al Court Gabriele Perez 713.662.5825 Developmental Services Dennis Mack 1 713.662.5830 Senior Services Janiss Stum 713.662.5895 Garbage, Rec clin Charlotte Gonsoulin 713.662.5838 Suggestion and Comments Alisa Talle 713.662.5812 • • • • • • • • • • • • • • • • • • 51 ORDINANCE NO. 1752 AN ORDINANCE APPROVING AND ADOPTING A BUDGET FOR THE FISCAL YEAR BEGINNING JANUARY 1, 2004 AND ENDING DECEMBER 31, 2004; APPROPRIATING FUNDS FOR SUCH BUDGET; CONTAINING FINDINGS AND PROVISIONS RELATING TO THE SUBJECT; AND DECLARING AN EMERGENCY WHEREAS, as required by the City Charter and state law, the City Manager has prepared and submitted to the City Council a budget with estimates of expenditures and revenues of all city divisions and activities for the year beginning January 1, 2004 and ending December 31, 2004; and WHEREAS, such budget has been timely filed with the City Secretary, the City Council has had sufficient time to review and revise such budget and notice of a public hearing upon such budget has been duly given; and WHEREAS, a public hearing has been held, and all taxpayers and interested persons were provided an opportunity to attend and participate in such hearing; and WHEREAS, public participation, input and suggestions regarding the budget have been received and considered by the City Council, and the City Council has made changes as the City Council considers warranted by law in the best interest of the municipal taxpayers, and the City Council has found and determined that the budget adopted by this ordinance does not allow expenditures during the budget period in excess of funds estimated to be on hand during the same period; NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF WEST UNIVERSITY PLACE, TEXAS: Section 1. The matters and facts set out in the preamble of this ordinance are found and determined to be true and correct and are hereby approved and adopted by the City Council. Section 2. The eight page document entitled "City of West University Place Budget, For the Fiscal Year Beginning January 1, 2004 and Ending December 31, 2004" ("Budget') is hereby approved and adopted. A true copy of the Budget is attached to and made a part of this ordinance. Funds in the amoants indicated in such Budget for each fund are appropriated for the purposes and projects described in such Budget. Section 3. That this ordinance approving and adopting the Budget is made in all things in accordance with the terms and provisions of the City Charter of the City of West University Place, Texas and the laws of the State of Texas and shall be interpreted and construed in compliance therewith. Section 4. All ordinances and parts of ordinances in conflict herewith are hereby repealed to the extent of the conflict only. Section 5. If any word, phrase, clause, sentence, paragraph, section or other part of this ordinance or the application thereof to any person or circumstance, shall ever be held to be invalid or unconstitutional by any court of competent jurisdiction, neither the remainder of this ordinance, nor the application of such word, phrase, clause, sentence, paragraph, section, or other part of this ordinance to any other persons or circumstances, shall be affected thereby. Section 6. The City Council officially finds, determines and declares that a sufficient written notice of the date, hour, place and subject of each meeting at which this ordinance was discussed, considered, or acted upon was given in the manner required by the Open Meetings Act, Chapter 551, Texas Local Government Code, as amended, and that each such meeting has been open to the public as required by law at all times during such discussion, consideration and action. The City Council ratifies, approves and confirms such notices and the contents and posting thereof. Section 7. After adoption of the Budget, the City Manager shall provide for the filing of a true copy of the Budget (and each amendment) in the office of the County Clerk of Harris County, Texas. Section 8. The public importance of this measure and the requirements of the law create an emergency and an urgent public necessity requiring that this Ordinance be passed and take effect as an emergency measure, and a state of emergency is hereby declared, and this Ordinance is accordingly passed as an emergency measure and shall take effect immediately upon adoption and signature. PASSED AND APPROVED AND ADOPTED, this 8th day of October 2003. Voting Aye: Mayor Pro Tem Segal, Council Members Fogler and Woods Voting Nay: None Absent: Mayor Ballanfant and Council Member Farley ATTEST: (SEAL) Ka ynn Holloway City Secretary Signed: Steven Segal Mayor Pro Tern. Recommended: A W'd-01 Michael R s City Manager (SEAL) Reviewed: Jim Dougherty City Attorney CITY OF WEST UNIVERSITY PLACE BUDGET FOR THE FISCAL 7 FAR BEGINNING JANUARY 1, 2004 AND ENDING DECEMBER 31, 2004 2002 2003 2004 Actual Estimated Budget GENERAL FUND BEGINNING BALANCE Cash $ 4,963,411 $ 4,388,691 $ 5,446,754 Less: Obligations (1,970,163) (1,607,096) (2,377,242) NET BEGINNING RAIANCT7 0 001 OAR n 10, ,tic I nrn - REVENUES Ad Valorem Taxes 4,519,428 4,770,270 5,058,480 City Sales Tax 939,577 780,000 585,000 Franchise Fees 877,185 892,890 929,600 Licenses and Permits 386,124 451,000 467,100 Fees for Services 466,467 485,000 552,000 Other Charges and Fees 154,244 187,500 162,950 Recreation Fees 325,209 420,000 417,700 Fines and Court Costs 304,811 325,000 340,000 Other Revenues 390,868 380,400 368,400 Inter-fund Transfers 631,000 631,000 710,000 EXPENDITURES Administration 771,888 554,260 632,460 Finance 1,642,909 1,432,520 1,467,800 Police 2,669,209 2,695,735 2,754,430 Fire 1,758,732 1,906,400 2,096,820 Public Works 1,521,344 1,580,598 1,713,590 Parks and Recreation RAI ARA Roc Ain tine An NET REVENUES (EXPENDITURES) (211,653) 287,917 2,190 NET ENDING BALANCE 2,781,595 3,069,512 3,071,702 Cash 4,388,691 5,446,754 5,071,702 Obligations (1) $ (1,607,096) $ (2,377,242) $ (2,000,000) (1) Includes $145,000 for the City Manager's employment contract CITY OF WEST UNIVERSITY PLACE BUDGET FOR THE FISCAL YEA R BEGINNING JANUARY 1, 2004 AND ENDING DECEMBER 31, 2004 2002 2003 2004 Actual Estimated Budget DEBT SERVICE FUND BEGINNING BALANCE Cash $ 633,071 $ 3,696,119 $ 3,697,000 Less: Obligations - (3,128,294) (3,056,265) NET BEGINNING BALANCE 633,071 567,825 640,735 REVENUES Ad Valorem Taxes 5,198,477 5,970,000 6,366,000 Interest 51,907 50,000 10,000 TOTAL REVENUES 5,250,384 6,020,000 6,376,000 EXPENDITURES Debt Service and Fees 5,315,630 5,951,100 6,429,050 TOTAL EXPENDITURES 5,315,630 5,951,100 6,429,050 NET REVENUES (EXPENDITURES) (65,246) 68,900 (53,050) NET ENDING BALANCE 567,825 636,725 587,685 Cash 3,696,119 3,697,000 3,697,000 Obligations $(3,128,294) $ (3,060,275) $ 3,109,315) CITY OF W EST UNIVERSITY PLACE BUDGET FOR THE FISCAL YEA R BEGINNING JANUARY 1, 2004 AND ENDING DECEMBER 31, 2004 2002 2003 2004 Actual Estimated Budget WATER FUND BEGINNING BALANCE Cash $ 1,625,490 $ 836,770 $ 174,240 Less: Obligations - - - NET BEGINNING BALANCE 1,625,490 836,770 174,240 REVENUES Service Charges 3,115,030 3,500,000 4,500,000 Interest 159,309 150,000 100,000 Other 119,172 10,000 10,000 TOTAL REVENUES 3,393,511 3,660,000 4,610,000 EXPENDITURES Public Works 2,416,602 2,544,480 2,527,460 Non-Departmental 1,765,629 1,778,050 1,730,340 TOTAL EXPENDITURES 4,182,231 4,322,530 4,257,800 NET REVENUES (EXPENDITURES) (788,720) (662,530) 352,200 NET ENDING BALANCE 836,770 174,240 526,440 Cash 11,547 1,990,663 526,440 Obligations $ - $ - $ - CITY OF WEST UNIVERSITY PLACE B FOR THE FISCAL YEAR BEGINNING JANUARY 1, DECEMBER 31, 2004 2002 04 Actual Es et WATER FUND CAPITAL RESERV BEGINNING BALA NCE I Cash 196,443 7,023 Less: Obligations - NET BEGINNING BALANCE 196,443 7,023 REVENUES Transfers from: Water and Sewer Fund 200,000 5,000 Interest 6,497 5,000 5,000 TOTAL REVENUES 206,497 5,000 30,000 EXPENDITURES Capital Projects Meter replacement program - 129,000 75,000 Water rate study - 40,000 - Liftstation repairs 77,057 - 50,000 Fiscal 2002 repair contingent - 44,80 20,000 TOTAL EXPENDITURES 77,057 213 860 145,000 NET REVENUES (EXPENDIT URES) 129,440 (208,860) (115,000) NET ENDING BALANCE 325,883 117,023 2,023 Cash 345,796 115,730 20,730 Obligations $ (19,913) $ - $ CITY OF WEST UNIVERSITY PLACE BUDGET FOR THE FISCAL YEAR BEGINNING JANUARY 1 , 2004 AND ENDING DECEMBER 31, 2004 2002 2003 2004 Actual Estimated Budget SOLID WASTE FUND BEGINNING BALANCE Cash $ - $ 57,814 $ 103,673 Less: Obligations (58,358) 111,891) - NET BEGINNING BALANCE (58,358) (54 077) -703,673 REVENUES Service Charges 864,748 938,000 940,000 Sales of Recyclable Material - 100,000 100,000 Interest 1,796 10,000 10,000 Transfer from Other Funds 50,000 87,670 - TOTAL REVENUES 916,544 1,135,670 1,050,000 EXPENDITURES Operations 722,263 787,920 820,960 Administration 190,000 190,000 200,000 TOTAL EXPENDITURES 912,263 977,920 1,020,960 NET REVENUES (EXPENDITU RES) 4,281 157,750 29,040 NET ENDING BALANCE (54,077) 103,673 132,713 Cash 57,814 103,673 132,713 Obligations $ (111,891) $ - $ CITY OF WEST UNIVERSITY PLACE BUDGET FOR THE FISCAL YEAR BEGINNING JANUARY 1 , 2004 AND ENDING DECEMBER 31, 2004 2002 2003 2004 Actual Estimated Budget CAPITAL PROJECTS FUND BEGINNING BALANCE Cash $ 336,365 S 446,449 $ 197,949 Less: Obligations - - - NET BEGINNING BALANCE 336,365 446,449 197,949 REVENUES Transfers from: General Fund 250,000 - - Recycling Fund 25,000 25,000 - Grants 16,498 35,000 835,000 Interest 5,222 5,000 35,000 Friends of West U Parks 529,111 - - Contributions 25 - - TOTAL REVENUES 825,856 65,000 870,000 EXPENDITURES Imaging/Agenda Management - - 35,000 WestU Recreation Center - 125,000 - Downtown/EdloeProject 64,976 55,000 954,180 Multi-media for City Hall - - 25,000 Completed projects 650,796 133,500 - Fiscal Year 2002 Contingency - - 25,000 TOTAL EXPENDITURES 715,772 313,500 1,039,180 NET REVENUES (EXPENDITURES) 110,084 (248,500) (169,180) NET ENDING BALANCE 446,449 197,949 28,769 Cash 429,926 441,426 88,769 Obligations $ - $ - $ - CITY OF WEST UNIVERSITY PLACE BUDGET FOR THE FISCAL YEAR BEGINNING JANUARY 1, 2004 AND ENDING DECEMBER 31, 2004 2002 2003 2004 Actual Estimated Budget INFRASTR UCTURE REPLACEMENT FUND BEGINNING BALANCE Cash $18,945,925 $ 16,689,468 $ 16,011,238 Less: Obligations _ _ NET BEGINNING BALANCE 18,945,925 16,689,468 16,011,238 REVENUES Grants 259,000 259,000 259,000 Bond Proceeds 12,596,240 9,918,330 _ Interest 469,478 470,000 350,000 TOTAL REVENUES 13,324,718 10,647,330 609,000 EXPENDITURES Area 5B/6A - 820,000 200,550 Pipe Bursting 6,185 25,000 494,220 Area 7B 3,787,685 1,035,360 21,200 Area 8 4,887,359 2,000,000. 1,048,820 Area9 2,697,208 4,000,000 1,114,140 Area 10 35,189 2,000,000 6,756,520 Area 1IA 3,607,804 750,000 712,320 Area I IB 15,169 545,200 6,754,920 .Area 12 296,148 Drainage study 45,057 Completed projects 11,077 Administrative & Issuance Costs 135,294 150,000 _ Contingency - - 100,000 TOTAL EXPENDITURES 15,581,175 11,325,560 17,202,690 NET REVENUES (EXPENDITUR ES) (2,256,457) (678,230) (16,593,690) NET ENDING BALANCE 16,689,468 16,011,238 (582,452) Cash 16,689,468 15,517,018 Obligations $ $ $ 486,452) CITY OF WEST UNIVERSITY PLACE BUDGET FOR THE FISCAL YEAR BEGINNING JANUARY 1, 2004 AND ENDING DECEMBER 31, 2004 2002 2003 2004 Actual Estimated Budget SIDEWALK CONSTRUCTION FUND BEGINNING BALANCE Cash S 4,975,333 $ 4,884,616 $ 4,734,616 Less: Obligations - - - NET BEGINNING BALANCE 4,975,333 4,884,616 4,734,616 REVENUES Interest 113,143 100,000 120,000 TOTAL REVENUES 113,143 100,000 120,000 EXPENDITURES Sidewalk Construction 203,860 250,000 4,854,620 TOTAL EXPENDITURES 203,860 250,000 4,854,620 NET REVENUES (EXPENDITURES) (90,717) (150,000) (4,734,620) NET ENDING BALANCE 4,884,616 4,734,616 (4) Cash 4,975,333 4,624,593 - Obligations $ - $ - $ CITY OF WEST UNIVERSITY PLACE BUDGET FOR THE FISCAL YEAR BEGINNING JANUARY 1, 2004 AND ENDING DECEMBER 31, 2004 2002 2003 2004 Actual Estimated Budget EQUIPMENT REPLACEMENT FUND BEGINNING BALANCE Cash S 201,810 $ 252,181 $ 269,641 Less: Obligations - - - NET BEGINNING BALANCE 201,810 252,181 269,641 REVENUES Transfers from other Funds 256,000 279,060 173,050 Other Revenues 14,760 - - Interest 6,335 7,250 7,250 TOTAL REVENUES 277,095 286,310 180,300 EXPENDITURES. Replacement Equipment 226,724 268,850 230,000 TOTAL EXPENDITURES 226,724 268,850 230,000 NET REVENUES (EXPENDITURES) 50,371 17,460 (49,700) NET ENDING BALANCE 252,181 269,641 219,941 Cash 201,810 248,450 238,860 Obligations $ - $ - S - CITY OF WEST UNIVERSITY PLACE BUDGET FOR THE FISCAL YEAR BEGINNING JANUARY 1, 2004 AND ENDING DECEMBER 31, 2004 2002 2003 2004 Actual Estimated Budget PARKSFUND BEGINNING BALANCE Cash $ 8,070 $ 9,416 $ 11,616 Less: Obligations _ NET BEGINNING BALANCE 8,070 9,416 11,616 REVENUES Contributions 1,156 2,000 2,000 Interest 190 200 200 TOTAL REVENUES 1,346 2,200 2,2G0 EXPENDITURES Parks and Recreation - - 13,800 TOTAL EXPENDITURES _ - 13,800 NET REVENUES (EXPENDITURES) 1,346 2,200 (11,600) NET ENDING BALANCE $ 9,416 $ 11,616 $ 16 Cash 5,461 1,270 3,470 Obligations CITY OF WEST UNIVERSITY PLACE BUDGET FOR THE FISCAL YEAR BEGINNING JANUARY 1, 2004 AND ENDING DECEMBER 31, 2004 2002 2003 2004 Actual Estimated Budget SENIOR CITIZENS ACTIVITY F11ND BEGINNING BALANCE Cash $ 923 $ 248 $ 248 Less: Obligations _ - - NET BEGINNING BALANCE 923 248 248 REVENUES Interest on investments - 100 100 Senior Citizen's Activity Fees 271 2,400 2,400 TOTAL REVENUES 271 2,500 2,500 EXPENDITURES Senior Activities 946 2,500 2,500 TOTAL EXPENDITURES 946 2,500 2,500 NET REVENUES (EXPENDITURES) (675) - _ NET ENDING BALANCE 248 248 248 Cash 264 264 248 Obligations $ - $ - $ CITY OF WEST UNIVERSITY PLACE BUDGET FOR THE FISCAL YEAR BEGINNING JANUARY 1, 2004 AND ENDING DECEMBER 31, 2004 2002 2003 2004 Actual Estimated Budget COURTTECHNOLOGYFUND BEGINNING BALANCE Cash $ 2,489 $ 1,604 $ 1,604 Less: Obligations - - - NET BEGINNING BALANCE 2,489 1,604 1,604 REVENUES Interest on investments 43 - - Court Fees 14,576 14,000 14,000 TOTAL REVENUES 14,619 14,000 14,000 EXPENDITURES Data Processing Equipment 15,504 14,000 15,000 TOTAL EXPENDITURES 15,504 14,000 15,000 NET REVENUES (EXPENDITURES) (885) - (1,000) NET ENDING BALANCE 1,604 1,604 604 Cash 1,604 1,604 10,604 Obligations $ - $ - $ - CITY OF WEST UNIVERSITY PLACE BUDGET FOR THE FISCAL YEAR BEGINNING JANUAR Y 1, 2004 AND ENDING DECEMBER 31, 2004 2002 2003 2004 Actual Estimated Budget DIRECT DENTAL REIMBURSEMENT FUND BEGINNING BALANCE Cash $ - $ (1,059) $ 4,041 Less: Obligations - - - NET BEGINNING BALANCE (1,059) 4,041 REVENUES Interest on investments - 100 100 Contributions 24,857 15,000 15,000 TOTAL REVENUES 24,857 15,100 15,100 NET REVENUES (EXPENDITURES) (24,857) (16,159) (11,059) EXPENDITURES Benefits 25,916 10,000 10,000 TOTAL EXPENDITURES 25,916 10,000 10,000 NET ENDING BALANCE (1,059) 4,041 9,141 Cash 1,604 1,604 10,604 Obligations $ - $ - $ -