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CITY OF PEARLAND State of Finances Snapshot FY2011-2012 For the quarter ending December 31, 2011

February 13, 2012


MAJOR FUND SUMMARIES   

GENERAL FUND WATER & SEWER FUND PEDC FUND

2


GENERAL FUND SUMMARY REVENUES REVENUES

FY 2012 BUDGET

FY 2012 ACTUAL-TO-DATE

FY 2012 % OF BUDGET

FY 2011 ACTUAL-T0-DATE

Property Tax

$10,840,389

$5,122,942

47.3%

$5,889,481

Sales & Use Tax

$13,631,831

$3,704,656

27.2%

$3,305,213

Franchise Fees

$5,361,910

$901,574

16.8%

$888,176

Licenses & Permits

$1,741,529

$452,018

26.0%

$344,311

Fines & Forfeitures

$2,851,290

$686,333

24.1%

$590,459

$11,292,491

$4,214,433

37.3%

$4,225,664

$342,904

$67,398

19.7%

$73,865

Sub-Total

$49,848,444

$15,149,354

32.9%

$15,317,169

Transfers In

$3,786,100

$836,019

22.1%

$742,651

Other Financing Sources

$1,240,165

$0

0.0%

$0

$51,088,609

$15,985,373

31.3%

$16,059,820

Charges for Services Miscellaneous

TOTAL REVENUE

 Excluding Transfers In and Other Financing Sources, revenues are 32.9% of budget. Exceeds 25%, or 3 months of activity. Carryover will include $65,644.  Property Taxes – Actual collections through December for current property tax – 48.7% vs. 56.1% last year. Budget 98% collection rate.  Sales Tax Collection (Actual) – 27.9% of General Fund budget (mix drink tax not included). Oct. – Dec. totals $3,767,539 which is 4.7% greater than the year-to-date budget of $3,599,080 and $256,768 or 7.3% greater than the actual receipts from last year.  License & Permits – Licenses & Permits total $452,018 and are 26.0% of budget. This is an increase of $107,707 from December 2010. Building Permits reflects greater residential permits compared to last year –176 SF permits issued through December 2011, compared to 169 issued through December 2010, and 22 commercial permits vs. 4 last year.  Charges for Services – Collection at 37.3% attributable to TIRZ Administration Fees. Ambulance fees and Membership up $86K and $113K respectively offset by lower TIRZ Admin Fees.  Miscellaneous – At 19.7% of budget. $6,467 lower than December 2010 due to an accounting reversal of mark to market on investments.

3


GENERAL FUND SUMMARYEXPENDITURES EXPENDITURES General Government

FY 2012 BUDGET

FY 2012 ACTUAL-TO-DATE

FY 2012 % OF BUDGET

FY 2011 ACTUAL-TO-DATE

$7,250,787

$2,209,800

30.5%

$2,081,501

$26,117,252

$6,592,506

25.2%

$5,964,198

Community Services

$3,882,555

$1,098,508

28.3%

$863,286

Public Works

$5,765,922

$1,170,030

20.3%

$1,223,006

Parks & Recreation

$7,470,601

$1,563,941

20.9%

$1,665,682

$50,486,120

$12,633,941

25.0%

$11,797,673

$1,058,162

$264,542

25.0%

$186,117

$51,545,459

$12,898,483

25.0%

$11,983,790

Public Safety

Total Operating Expenditures Transfers Out TOTAL EXPENDITURES

 Expenditures of $12.9M are 25% of budget and include some items budgeted last fiscal year that were in process at year-end and paid this fiscal year. Total expenditure carryovers are $790,748 approved by Council in January. General Government – 30.5% of budget. Reflects annual payment to KPB vs. monthly payments last year.  Public Safety – Higher than last year due to full year operation of Fire Station #5, fewer police officer vacancies and the purchase of 12 police cars.  Community Service– Higher than last year due to department restructuring of Department divisions that includes Engineering and IVR for Permits.  Public Works – Decreased from last year due department restructuring of Department divisions that includes Engineering.  Parks & Recreation – Decreased by $102,585, currently showing savings in park maintenance, facility maintenance, and recycling. 4


GENERAL FUND – FUND BALANCE  

Beginning Fund Balance – audited Ending Fund Balance   

Revenue carryover from fiscal year 2011 Expenditure carryover from fiscal year 2011 Net carryovers

Revised Ending Fund Balance   

$14,523,546 $14,066,696

Budgeted Policy – 2 months recurring Fund Balance over Reserve Policy* Original Fund Balance Over Policy

$ 65,644 $ 790,748 ($ 725,104)

$13,341,592 $ 8,303,490 $ 5,038,102 $ 2,936,157

* Can be used towards one-time non-recurring expenditures such as capital purchases and improvements.

5


WATER & SEWER FUND SUMMARY - REVENUES REVENUES

FY 2012 BUDGET

FY 2012 ACTUAL-TO-DATE

FY 2012 % OF BUDGET

FY 2011 ACTUAL-T0-DATE

Sale of Water

$14,448,224

$4,401,145

30.5%

$3,474,990

Sewer Revenues

$10,496,337

$2,934,120

28.0%

$2,677,895

$1,350,294

$305,660

22.6%

$305,803

$23,577

($5,608)

-23.8%

$8,203

$212,574

$51,196

24.1%

$76,765

$2,606,773

$651,694

25.0%

$618,053

$0

$0

0%

$0

$29,137,779

$8,338,207

28.6%

$7,161,710

Other Service Charges Interest Income Other Misc. Income Transfers In Bond / Lease Proceeds TOTAL REVENUE

Total revenues are 28.6% of budget, and Water/Sewer charges make up 88% of total revenues.  Through December 2011 there were 1.061 billion gallons billed, compared to 776 million billed through December 2010. There were 1.49 inches more rainfall this year than last year for Oct-Dec.; however little rainfall in September which reflects October billing of over 438 million or 41% of the gallons billed.  Carryover to include $348K for LS Switch grant.

6


WATER CONSUMPTION First Quarter - FY 2011 & FY 2012 Water Consumptionin Millions 1200 (in millions of gallons)

1000 800 600

1,061

53 9 109 67

776

67 11 178 83

400

721 538

200 0 1st Qtr - 11 Residential

Commercial

1st Qtr - 12 Sprinkler

Builders

Other

(in million gallons)

FY 2011 & FY 2012 YTD Total Water Consumption-in Millions 1200

1061

1000 800

776

600 400 200 0 FY 2011 YTD

FY 2012 YTD

7


RAINFALL COMPARISON FY 2011 and FY 2012 Rainfall

(in inches)

6

5.18

5

5.11 4.47

4.3

4

4.22

3.1

3

3.04

2

1.67

1 0

2.71

0.02

0.09

Oct

0.9

0.59

0.48

Nov

Dec

Jan

Feb

Mar

FY 2011 Rainfall

Apr

0.16

May

June

July

Aug

Sept

FY 2012 Rainfall

2011 YTD – 10.4 inches 2012 YTD – 11.9 inches 8


WATER & SEWER FUND SUMMARY - EXPENSES EXPENSES Lift Stations

FY 2012 BUDGET

FY 2012 ACTUALTO-DATE

FY 2012 % OF BUDGET

FY 2011 ACTUALT0-DATE

$689,754

$171,845

24.9%

$190,744

Wastewater Treatment

$3,467,892

$743,646

21.4%

$622,426

Water Production

$6,066,928

$1,205,466

19.9%

$851,946

Distribution & Collection

$1,724,188

$416,283

24.1%

$407,792

$925,413

$205,741

22.2%

$221,921

255,393

$47,967

18.8%

-

$2,044,559

$599,083

29.3%

$879,921

$15,174,129

$3,390,032

22.3%

$3,174,750

$10,103,393

$45,781

0.5%

$50,633

$6,637,800

$1,692,905

25.5%

$1,167,774

$31,915,320

$5,128,718

16.1%

$4,393,157

Construction GIS W&S Revenue Collections Sub Total Other Requirements Transfers TOTAL EXPENSES

Personnel Costs: $1,212,262 (24%), Operations: $2,257,006 (44%), are 22.3% of Budget. Including Other Requirements and Transfers, expenses are 16.1% of budget. Lift Stations – Carryover from FY11 will include $348K for LS switches in January. Water Production – Reflects 2 months for FM521. Surface water increase of $291K over last year. Carryover of $310,000 for GCWA and $81,147 for UDF Flushing Program in January. Utility Billing – FY2011 expense associated with total purchase of water meters and registers for replacement programs. Funds of $59,081 will be carried over for Selectron IVR System. Other Requirements – Bond payment due in February. Will be reflected in second quarter. 9


WATER & SEWER – CASH EQUIVALENTS BALANCE  

Beginning Cash Equivalents - audited Ending Cash Equivalents - budget   

Revenue Carryover from fiscal year 2011 Expenditure carryover from fiscal year 2011 Net Carryovers

Revised Ending Cash Equivalents – budget  

Adopted Budget Ending Cash Equivalents Increase in ending balance

$13,747,658 $10,606,819 $ $ ($

348,000 905,900 557,900)

$10,048,919 $ $

8,669,430 1,380,178

10


P.E.D.C. FUND SUMMARY REVENUES REVENUES Sales Tax Miscellaneous Interest TOTAL REVENUE

FY 2012 BUDGET

FY 2012 ACTUAL-TO-DATE

FY 2012 % OF BUDGET

FY 2011 ACTUAL-T0-DATE

$6,745,634

$1,852,328

27.5%

$1,652,606

$424,000

$144,569

40.8%

$108,730

$24,150

$9,855

34.1%

$3,129

$7,193,784

$2,006,752

27.9%

$1,764,465

Sales Tax Collection (Actual) – 27.9% of PEDC Fund budget. Oct. – Dec. totals $1,883,767 which is 4.7% greater than the year-to-date budget of $1,799,467 and $128,384 or 7.3% greater than the actual receipts from last year. Miscellaneous revenues includes $39,186 for Water/Sewer pro rata reimbursement and rental revenues.

11


P.E.D.C. FUND SUMMARY EXPENDITURES EXPENDITURES Operating

FY 2012 BUDGET

FY 2012 ACTUAL-TO-DATE

FY 2012 % OF BUDGET

FY 2011 ACTUAL-T0-DATE

$1,422,918

$270,135

19.0%

$392,788

$15,000

$0

0.0%

$43,613

$178,857

$45,145

25.2%

$45,623

Bond Payment

$2,040,906

$0

0.0%

$0

Business Incentives

$3,358,500

$206,349

6.1%

$126,336

TOTAL EXPENDITURES

$7,016,181

$521,629

7.4%

$608,360

Capital Transfers

Operating – Includes personnel costs, as well as expenditures associated with marketing and promotional programs. Transfers – Includes $25,803 to the City for support services and $19,342 to U of H fund. Bond payment – Bond payment due in February. Will be reflected in second quarter report. Business Incentives – Include $101,409 for TurboCare and $66,079 for Speed Shore.

12


P.E.D.C. – INCENTIVES 

Budgeted Amount for Business Incentives - $3,266,500 Current Incentives

Committed

CSI SCR HH GP Freese & Nichols Altus Harbor Brask/Neela, Inc. OTS Turbocare Speed Shore

$6.4M $300K $90K $87.5K $150K $124K $105K $80K

Prior $4.1M $180K $0 $50K $0 $0 $0 $0

FY 2012

Balance

$0 $0 $0 $15K $0 $16K $101K $66K

$2.3M $120K $90K $22.5K $150K $108K $4K $14K

13


P.E.D.C. – FUND BALANCE  

Beginning Fund Balance - audited Ending Fund Balance - budget 

Expenditure carryover from Fiscal Year 2011

Revised Ending Fund Balance - budget   

Reserve for Debt Service Available Ending Fund Balance Adopted Budget Ending Balance -

$9,240,157 $9,417,760 ($0)

$9,417,760 ($665,254) $ 8,752,506 $ 8,170,907

14


ECONOMIC INDICATORS       

 

PROPERTY TAX COLLECTION SALES TAX COLLECTION – MONTH-TO-MONTH SALES TAX – QUARTER-TO-DATE SINGLE FAMILY PERMITS COMMERCIAL PERMITS BUILDING PERMIT REVENUE HOT TAXES – BY QUARTER HOT TAXES – BY YEAR UNEMPLOYMENT RATE FORECLOSURE FILINGS 15


PROPERTY TAX COLLECTIONS (Year-to-Date) Amount Collected-Cumulative

Percent Collected-Cumulative

$43.5

$45

100.0%

$35 $30 $25

55.7% $21.1

(percent)

(in millions)

$40

$20 $15

48.5%

50.0%

$10 $5 $0

0.0% 1st Qtr

Collections

Levy

1st Qtr FY2011

FY2012

*Percent collected based on 100% of Levy. Budgeted at 98.0%

16


SALES TAX Sales Tax Actual-To-Actual and Percent Change $3.0

0.12

10.9% 0.1

$2.0

0.08

6.6% $1.5

0.06

4.8%

$1.0

0.04

$0.5

(percent change)

(in millions)

$2.5

0.02

$0.0

0 Oct

Nov

FY2011 Actual

Dec

FY2012 Actual

Percent Change

Sales Tax Budget-To-Actual and Percent Change $3.0

0.09

8.2%

0.08 $2.5 $2.0

0.06

3.9%

$1.5

0.05 0.04

$1.0 $0.5

0.03

(percent change)

(in millions)

0.07

0.02

2.2%

0.01 $0.0

0 Oct

Nov

FY2012 Budget

FY2012 Actual

Dec

Percent Change

*December reflects actual numbers received in February.

17


SALES TAX Total Sales Tax $6.0 $5.27 $5.0

$5.40

$5.65

$4.95

(in millions)

$4.0

$3.0

$2.0

$1.0

$0.0 FY2010 Actual

FY2011 Actual

FY2012 Budget

FY2012 Actual

*December reflects actual numbers received in February.

18


SALES TAX COMPARISONS CITY (tax rate)

NET PAYMENT FOR DEC.*

PRIOR YEAR FOR DEC.*

% CHANGE

2012 PAYMENT TO DATE**

2011 PAYMENT TO DATE**

% CHANGE

PEARLAND (1.5)

2,487,508.62

2,334,497.05

6.55%

4,162,453.21

3,844,979.56

8.25%

PLANO (1.0)

8,523,991.60

7,149,432.02

19.22%

13,160,667.31

12,042,587.90

9.28%

PASADENA (1.5)

2,775,893.05

2,590,682.38

7.14%

4,696,906.89

4,326,065.49

8.57%

SUGAR LAND (2.0)

5,168,289.35

4,810,332.74

7.44%

8,741,926.47

7,775,472.58

12.42%

ROUND ROCK (2.0)

6,850,675.96

6,936,740.46

-1.24%

12,159,345.96

11,466,238.95

6.04%

COLLEGE STATION (1.5)

2,130,425.43

2,081,102.31

2.37%

3,758,257.64

3,552,665.20

5.78%

MCKINNEY (2.0)

3,588,971.25

3,639,672.60

-1.39%

6,187,160.24

6,170,141.90

0.27%

FRISCO (2.0)

5,549,945.91

5,233,927.93

6.03%

9,190,065.71

8,375,539.63

9.72%

LEAGUE CITY (1.75)

1,499,562.46

1,453,805.75

3.14%

3,123,025.37

2,377,510.66

31.35%

BAYTOWN (1.25)

1,484,366.75

1,329,540.17

11.64%

2,438,747.28

2,202,388.50

10.73%

THE WOODLANDS (1.0)***

5,049,901.64

*Dec. received in February **Calendar year (Jan. – Dec.) ***The Woodlands is a special purpose district.

4,706,451.47

7.30%

7,974,381.34

6,998,341.40

13.95%

19


SINGLE FAMILY PERMITS 188

Number of Single Family Permits

200 169

180

184

176

160

143

140 120 100 80 60 40 20 0 1st Quarter

2nd Quarter

3rd Quarter

FY 11 Actual

4th Quarter

FY 12 Actual

Single Family Permit and Valuation $35.0

80

$30.0

70 $25.0

60 50 40

$20.0

$17.57 $15.0

$9.47

30

$8.77

$10.0

20

(valuation in millions)

Number of Single Family Permits

90

$5.0

10 0

$0.0 Oct

Nov

Dec

Jan

Feb FY 11 Actual

Mar

Apr

FY 12 Actual

May

June

July

Aug

Sept

FY 12 Valuation

20


SINGLE FAMILY PERMITS First Quarter Comparison Number of Single Family Permits

$250

$200

194 176

169 $150

$100

$50

Value $35.2M

Value $32.6M

Value $35.8M

$0 FY 10 Actual

FY 11 Actual

FY 12 Actual

21


COMMERCIAL PERMITS Commercial Permits No. of Commercial Permits

25

22 20 15 10

8

7 5

4

5 0

1st Quarter

2nd Quarter FY 11 Actual

4th Quarter

FY 12 Actual

Commercial Permits and Taxable Valuation

14

$2.5

12 $2.0 10 $1.5

8 6

$1.0

4 $0.5

(valuation in millions)

Number of Commercial Permits

3rd Quarter

2 0

$0.0

Oct

Nov

Dec

Jan

Feb

FY 11 Actual

Mar

Apr

FY 12 Actual

May

June

July

Aug

Sept

FY12 Valuation

*Valuation and number exclude exempt properties, multi-family dwellings and apartment garages. A total of 28 buildings (282 units) were permitted for the Villa’s at SCR.

22


COMMERCIAL PERMITS Grand Total Comparison thru 1st Quarter 25 Number of Commercial Permits

22 20

15

10

19

Value $18.6M

Value $5.0M Value $5.2M

5

4

0 FY10 Actual

FY11 Actual

FY12 Actual

*Valuation and number exclude exempt properties, multi-family dwellings, apartment garages and apartment houses. Permit value of the Villa’s at SCR only include maintenance and office/clubhouse facilities.

23


TOTAL BUILDING PERMIT AND BUILDING PLAN FEE REVENUE Year-To-Date Actual $1,200,000

$1,024,905

$1,000,000 $740,230

$800,000 $600,000 $400,000

$468,722 $304,639 $206,958

$200,000 $0

1st Qtr

2nd Qtr FY 2011

3rd Qtr

4th Qtr

FY 2012

24


HOT TAXES Quarterly Occupancy Tax* $200,000

187,048 171,816

$180,000 $160,000

163,823 150,586 142,661

$140,000 $120,000 $100,000 $80,000 $60,000 $40,000 $20,000 $0 1st Qtr

2nd Qtr FY2011 Actual

3rd Qtr

4th Qtr

FY2012 Actual

*Reflects amount received each quarter.

25


HOT TAXES Year-to-Date Occupancy Tax* $700,000

652,111

$600,000 $500,000

480,295

$400,000 293,247

$300,000 $200,000

163,823 142,661

$100,000 $0 1st Qtr

2nd Qtr FY2011 Actual

3rd Qtr

4th Qtr

FY2012 Actual

*Reflects cumulative total thru 4th quarter.

26


UNEMPLOYMENT RATE (Fiscal Year 2012) 10

Average Rate By Quarter (Pearland/State/National)

8

8.7 8.1

6

6.7 6.5

7.0

6.9

1st Qtr

2nd Qtr

3rd Qtr

7.2

4 FY 2011 (Pearland) FY 2012 State

4th Qtr

FY 2012 (Pearland) FY 2012 National

Source: Texas Workforce Commission and Federal Bureau of Labor Statistics

27


FORECLOSURE FILINGS (Fiscal Year 2012 – 1st Quarter) Residential Foreclosure Filings (Pearland)

Residential Foreclosure Filings By Zip Code (Pearland)

300 256

250 198

200

194

169

150 102

125

127

100 50 0

72 30 FY 2009

73

87

FY 2010

FY 2011

77581

67 FY 2012

300 250 200 150 100 50 0

169

87

127

123

114

67

75

72

96 64

1st 1st 2nd 2nd 3rd 3rd 4th 4th Qtr-11 Qtr-12 Qtr-11 Qtr-12 Qtr-11 Qtr-12 Qtr-11 Qtr-12

77584

77581 77584 Source: RealtyTrac

*Includes ETJ

Note: Multiple filings can occur on one property within a given timeframe and can include: Default notices, auction notices, notice of trustee sale or bank seizure.

28


FORECLOSURE FILINGS COMPARISONS CITY

OCTOBER FILINGS

NOVEMBER FILINGS

DECEMBER FILINGS

TOTAL FILINGS FOR 1ST QRTR.

PEARLAND

56

77

61

194

MISSOURI CITY

81

78

82

241

PASADENA

52

64

62

178

SUGAR LAND

38

66

43

147

BAYTOWN

50

63

55

168

CONROE

56

69

68

193

ROUND ROCK

96

75

58

229

MCKINNEY

86

80

96

261

FRISCO

70

56

65

191

ALLEN

47

54

40

141

ROWLETT

26

50

53

129

Note: Multiple filings can occur on one property within a given timeframe and can include: Default notices, auction notices, notice of trustee sale or bank seizure. Based on mailing address/zip codes, not City limits proper.

29


SUMMARY/STATUS OF GRANTS 

CDBG/CDBG-R  Program Year Allocation/Action Plan accepted and FY12 award funds released in the amount of $272,102. FY12 CDBG infrastructure project funds released upon environmental clearance from HUD.  Program Year 2010 CAPER completed and submitted to HUD  Program Year 2010 sidewalk construction in Old Townsite and ½ of Hawk Road awarded to Brooks Concrete completed in September. Veterans sidewalk completed in Q4 of FY11. Texas Department of Rural Affairs (formerly ORCA) CDBG Funds – Lift Stations $348,000  Funds unreleased to-date pending completion of engineering/design by Cobb-Fenley, according to the program’s intermediary consultant Grantworks.  The legislature has made an official change to the administering agency and the General Land Office will officiate these federal grant funds on behalf of the State. Stricter adherence to eligibility requirements involving Low-Moderate Income demographics may affect additional funding requests submitted beyond 2009 Round 1 application. Byrne Justice Assistance Grant  $11,189 in E. Byrne Memorial JAG funds awarded and for use in FY12, $8,000 available for 4 Dell laptops for Field Training Officers and $3,189 to be used for digital cameras for investigative purposes. Victim Assistance Grants  Continuation application for Criminal Justice Division funding for Crime Victim Liaison released and Grant Workshop scheduled by HGAC for grant applicants in January of 2012.  Crime Victim Specialist hired and placed with $41,999 grant from Office of the Attorney General.

EECBG – Energy Grant 

Final project activities for Adaptive Traffic Signalization of FM518 from Kirby to FM1128 complete. Program is fully operational and minor adjustments to the detection cameras, ethernet system and traffic cabinet computer technology to be finalized in January 2012. Final payments to Siemens scheduled for January 2012. 30


SUMMARY/STATUS OF GRANTS, con’t 

Assistance to Firefighters/SAFER Grants  

Bureau of Justice Assistance – Bullet Proof Vests 

Formula grant request for 5 sworn officer positions at a total of $973,250 over three years with no match required was submitted in July. Although no award notice has been received, Justice Department has not rejected our application and indicates federal FY’12 appropriation will determine if an award can be issued to the City.

U.S. Soccer Foundation 

Purchasing office, Police Department and Fire Marshal’s Office have begun the procurement process for purchases of protective vests with 50% federal match in the amount of $8,027.

Department of Justice – COPS Hiring Recovery Program 

6 Firefighters have been hired with FEMA Grant Funds. EMS request to assist with the costs of an ambulance unit unfunded by FEMA. The City received $35,000 from the Department of State Health Services.

Request for $65,000 for Musco Lighting and Hunter Irrigation products for Max Road Sports Complex completed and submitted to the foundation.

Home Fire Safety Coalition 

Request for $1,000 “Live Burn” grant submitted to provide funding for the reconstruction of the Fire Marshal’s “Live Burn” rooms. 

First request funded in FY11. Second request submitted in FY12 and notification pending.

Grants Summary   

FY12 Grants Applied For Grants Awarded Active Grants

Number 2 0 16

Amount $65,998 $0 $3,106,501 31


INVESTMENTS – 

    

At Sept. 30th 2011 - $85,743,173 At Dec.31st, 2011 - $95,148,547 PORTFOLIO $65,178,545 or 68% in Cash $2,245,000 or 2% in CD’s $27,725,002 or 30% in FHLB/FHLMC/FFCB/FNMA

WEIGHTED AVERAGE MATURITY  

QTR.

BOOK VALUE 

st 1

80 Days Longest Maturity – 541 days

YIELD TO MATURITY AT COST (avg. for quarter)   

0.23% 0.12% (T-Bill benchmark) 0.08% (Agency note benchmark) 32


SUMMARY OF MAJOR CAPITAL PROJECTS яБо

Through 12/31/11 PROJECT

FUNDED BUDGET

City of Houston Connection1

$20,095,519

$18,115,805

Max Road Sports Complex

$2,624,277

Cowart Creek

ACTUAL-TODATE

ENCUMBRANCE

REMAINING

ANTICIPATED SAVINGS

$1,478,592

$501,122

$200,000

$260,532

$99,835

$2,263,910

$0

$12,626,450

$10,295,027

$398,593

$1,932,830

$0

Longwood WWTP

$4,333,105

$282,424

$181,464

$3,869,217

$0

Barry Rose WWTP

$3,753,760

$265,207

$93,159

$3,395,394

$0

Twin Creek Woods LS

$2,519,000

$174,846

$69,077

$2,275,077

$0

33


яБо

SUMMARY OF MAJOR CAPITAL PROJECTS

Through 12/31/11 PROJECT

1

FUNDED BUDGET

ACTUALTO-DATE

ENCUMBRANCE

REMAINING

ANTICIPATED SAVINGS

Hatfield Sewer

$4,634,000

$231,188

$281,200

$4,121,612

$0

Old Alvin Waterline

$2,556,718

$126,326

$216,530

$2,213,862

$0

Project was bid on June 17, 2010. Savings of $6.0 million already taken.

34


Warrant Update Summary 1st Quarter FY12       

Jail Credit 617 cases - $213,329 value Warrant Officer 232 cases - $29,032 collected Newspaper 29 cases - $11,977collected ALPR 92 cases - $6,516 collected GIS mapping 3 cases Total number of warrants cleared 2016 Value of all warrants cleared by all means $731,215 (Not necessarily value of cash received)


Warrant Update Comparison 1st Qtr FY11 to FY12 FY 11

FY 12

Warrants Issued

2,268

2,019

% of FTA

32%

46%

Warrants Cleared

1,991

2,016

Jail Credit

637/$193,853

617/$213,329

Warrant Officer

102

232

ALPR

80

92

Newspaper

66

29

Outstanding

15,075/$4,627,306

15,560/$5,061,086


Warrant Update Warrant Activity by Month FYTD 2011

October

November

December

14,737

15,314

15,496

15,626

4,710,599

4,495,613

4,514,898

4,630,470

Issued

8,776

773

732

514

2,019

Cleared— (all means)

9,124

721

663

632

2,016

#

15,314

15,496

15,626

15,560

15,560

$

4,927,821

5,002,941

5,059,353

5,061,086

5,061,086

Beginning Bal # $

FYTD 2012

Outstanding

% Inc/Dec


OTHER NOTEWORTHY HIGHLIGHTS – 1st Qtr. 

    

Closed 2011 fiscal year, including audit schedules, audit completed. To be filed with Council on February 20th. Produced the FY 2012 budget document and 2012-2016 CIP and put on City’s website. Identified FY 2011 carryovers and prepared for management review and approval. Council approved in January. Prepared powerpoint for workshop on Priority Based Budgeting. Revised agenda format to include additional financial information. Council approved parameter sale for refunding of funds. PEDC Analysis for Defeasance of Bonds. HHW At Your Door began October 1 (170 pick-ups; 10,636 lbs. collected).

38


OTHER NOTEWORTHY HIGHLIGHTS – 1st Qtr. Continued…    

List of services identified by all Departments for potential outsourcing. Commercial Recycling began Oct 1st - 6 customers. Utility Billing IVR Implemented P&Z presentations on In-City MUDs.

39


City of Pearland Financial Snapshot for First Quarter of FY2011-12