Adopted Book Final FY2024-2028

TOWN OF LITTLE ELM, TEXAS

Adopted Annual Budget and Financial Plan

Fiscal Years 2024 - 2028

Integrity • Customer Service • Efficiency • Innovation

Town of Little Elm Fiscal Year 2023-2024 Budget Cover Page This budget will raise more revenue from property taxes than last year's budget by an amount of $5,988,176 which is a 17.20 percent increase, and of that amount $3,400,786 is tax revenue to be raised from new property added to the tax roll this year.

CITY COUNCIL RECORDED VOTE

Member Mayor Cornelious Mayor Pro Johnson Council Member Singh Council Member Blais Council Member Evans Council Member Norman Council Member Hambrick

TAX RATE Property Tax Rate No-New-Revenue Rate No-New-Revenue M&O Rate Voter Approval Tax Rate Debt Rate

Budget Adoption Yea Yea Yea Yea Yea Yea Yea

ADOPTED FISCAL YEAR 2022 – 2023 $ 0.629900 $ 0.568265 $ 0.469968 $ 0.629900 $ 0.143484

Tax Rate Adoption Yea Yea Yea Yea Yea Yea Yea

PROPOSED FISCAL YEAR 2023 – 2024 $ 0.589900 $ 0.547417 $ 0.425213 $ 0.590494 $ 0.149805

ADOPTED FISCAL YEAR 2023 – 2024 $ 0.589900 $ 0.547417 $ 0.425213 $ 0.590494 $ 0.149805

The total amount of municipal debt obligation secured by property taxes for the Town of Little Elm is $65,740,000.

The above information is presented on the cover page of the Town’s Fiscal Year 2024 Annual Budget to comply with Section 102.005 of the Texas Local Government Code.

In accordance with Section 140.0045 of the Texas Local Government Code expense line items for public notices and lobbying efforts are provided below: Description Public notices required by law Lobbying Services

Adopted FY 2022 – 2023 $ 33,325 $ 6,000

Adopted FY 2023 – 2024 $ 40,825 $ 6,000

FY 2023 - 2024 Adopted Budget

TABLE OF CONTENTS PAGE NO.

OVERVIEW

Mayor and Town Council ............................................................................................................... 1 Principal Officers ............................................................................................................................. 2 Organizational Chart ....................................................................................................................... 3 Budget Message .........................................................................................................................4-33

FUND SUMMARIES

Consolidated Budget Funds Summary ..................................................................................... 34-36 General Fund ............................................................................................................................ 37-39 General Fund Revenue............................................................................................................. 40-42 Parks and Recreation Fund ...................................................................................................... 43-44 Debt Service Fund .................................................................................................................... 45-46 Special Revenue Fund .............................................................................................................. 47-48 Street Maintenance Fund ........................................................................................................ 49-50 Landscape Fund ....................................................................................................................... 51-52 PEG Fund .................................................................................................................................. 53-54 Grant Fund ............................................................................................................................... 55-56 SAFER Grant Fund .................................................................................................................... 57-58 Hotel Occupancy Tax Fund ...................................................................................................... 59-60 Donation Fund.......................................................................................................................... 61-62 Stormwater Drainage Fund ...................................................................................................... 63-64 TIRZ Number Three Fund ......................................................................................................... 65-66 Governmental Impact Fees ...................................................................................................... 67-69 Governmental Capital Improvement Project Fund .................................................................. 71-72 Utility Fund ............................................................................................................................... 73-75 Solid Waste Fund ..................................................................................................................... 77-78 Water and Wastewater Impact Fee Funds............................................................................... 79-81 Utility Capital Improvement Project Fund ............................................................................... 83-84 Vehicle Equipment Replacement Fund… ................................................................................. 85-86 Fire Equipment Replacement Fund.......................................................................................... 87-88 Facility Maintenance and Repair Fund..................................................................................... 89-90 Community Development Corporation ................................................................................... 91-92 Debt Service Obligation Summary ................................................................................................ 93

APPENDICES

Budget Planning Calendar ........................................................................................................... 95 Budget Process ....................................................................................................................... 96-99 Town-wide Adopted Supplements ..................................................................................... 100-106 Capital Improvement Project Planning List ........................................................................ 107-109 Ordinance No. 1723 - Budget Adoption ............................................................................. 110-111 Ordinance No. 1724 - Tax Rate Adoption ........................................................................... 112-114

FY 2023 - 2024 Adopted Budget

Town of Little Elm MAYOR AND TOWN COUNCIL

Neil Blais District 3

Mayor Curtis Cornelious

Lisa Norman District 4

Tony Singh District 2

Andrew Evans District 5

Jamell Johnson Mayor Pro-Tem At Large, Place 1

Michel Hambric At Large, Place 6

Town of Little Elm 1

FY 2023 - 2024 Adopted Budget

TOWN OF LITTLE ELM, TEXAS Principal Officers Fiscal Year 2023 – 2024 TOWN MANAGER Matt Mueller

DEPUTY TOWN MANAGER Doug Peach

ASSISTANT TOWN MANAGER / DIR. OF PUBLIC SAFETY Joe Florentino

CHIEF FINANCIAL OFFICER Kelly Wilson

DIRECTOR OF ADMIN SERVICES / TOWN SECRETARY Caitlan Biggs

Town of Little Elm 2

FY 2023 - 2024 Adopted Budget

TOWN OF LITTLE ELM, TEXAS

Town of Little Elm Citizens

Mayor and Council

Town Manager

Deputy Town Manager

Town Attorney

Finance

Utility Customer Service

Purchasing Municipal Court Boards and Commissions

Budget Accounting

Municipal Court Judge and Prosecutor

Human Resources Personnel Admin Risk Management

Economic Development Corporation (EDC)

Community Development Corporation (CDC)

Administrative Services Town Secretary Communications Engagement Organizational Development

Development Services Engineering Community Integrity Planning/GIS Building Inspection Public Works Fleet Services Water & Wastewater Stormwater Solid Waste Streets

Assistant Town Manager/Director of Public Safety

Police Department Patrol Traffic CID Fire Department Fire & Emergency Medical Services

Information Technology

Culture and Recreation

Library Parks Senior Center Marketing Recreation Facilities Animal Services Special Events Aquatics

Town of Little Elm 3

Emergency Management Services

FY 2023 - 2024 Adopted Budget

Budget Message Message from the Town Manager, Matt Mueller

Fiscal Year 2023 - 2024 Town of Little Elm 4

Introduction A municipal budget is more than a book of numbers. A budget is a tool for prioritizing, communicating, and allocating resources toward implementing programs, projects, and services that fit the needs of a community’s residents and businesses. It is the duty of those fortunate enough to serve the residents of Little Elm to operate transparently, efficiently, and ethically. The budget is also a tool that allows us to do just that.

Budget Philosophy Little Elm is a vibrant, rapidly-growing community starting to hit its economic stride and see goals and projects that have been in progress for a decade coming to fruition. This excitement and growth come with tremendous challenges and outstanding opportunities. One of the benefits of strong growth is that new sources and higher amounts of revenue are allocated in the budget. Still, there is a mounting list of needs for programs and services to accommodate growth, meet the community's expectations, and build sustainable service levels.

Town staff develops the operating and capital budgets to achieve strategic goals and long-term objectives defined in the Town Council's adopted Strategic Plan. This Strategic Plan was approved in 2013 and updated in 2022 through a series of workshops with the Town Council, Community Development Corporation, Planning Commission, Economic Development Corporation, and Town staff, which sets the vision and charts the course for the community. It is required by Little Elm's local charter that a strategic plan is maintained and updated every two years. The Strategic Plan allows the Council to set the vision, goals, and policy objectives of the Town, and it is the staff's job to accomplish the Strategic Plan's goals and implement the Council's policy objectives effectively and efficiently.

The internal value system at the Town of Little Elm stems from the philosophy of Servant Leadership and the belief that as public employees, all actions stem from the obligation to put the needs of the stakeholder first and dedicate our decision-making and activities to the idea that Town employees exist to serve others. This is further emphasized in our organization's Core Values of Efficiency, Innovation, Customer Service, and Integrity. These values are the organization's foundation and are the bedrock on which the departmental budgets are built.

The overall budget philosophy of the Town of Little Elm is to provide the highest level of service at the greatest value. This approach means that the Town must operate in the most effective and efficient way possible to accomplish this goal. Therefore, the internal budgeting and review process is very stringent, with department heads dissecting each other's budgets in a peer review process that seeks to ensure that every line item is carefully planned and all projects are justified.

As part of the Town's budgeting philosophy and commitment to respect the taxpayer's money, priorities in the budget process are to maintain a competitive tax rate, realize the long-term impacts 4

Town of Little Elm 5

FY 2023 - 2024 Adopted Budget

of financial decisions, expect a business minded approach to many of our functions, and keep fund balances and reserves at a healthy level.

Multi-Year Approach Beginning with the 2016-2017 budget, our goal has been to successfully present a five-year balanced budget (technically a one-year budget and a four-year financial plan) to the Council for consideration. The approach aims to ensure that we provide appropriate services in Little Elm's high-growth environment but in a way that ensures future services' sustainability. This is particularly important as we continue expanding services in the northern part of the community and extend contractual services to various partners in our region.

Over the past several years, the Town has been increasing services and planning for future services to meet the needs of our residents in the northern part of the community. This region will continue to be the highest growth area as the existing residential developments build houses in the Town limits and along the border. In addition to this current growth, Spiritas Ranch, a 2,200-lot subdivision has broken ground, and residents will begin to move to this neighborhood within the planning horizon. The five-year budget looks at the cost of those services and the revenues coming due to the growth. A multi-year plan is beneficial since the expenses for these services are very soon, yet the revenues will be delayed as the area grows and new taxable values are added to the tax rolls. The multi-year plan is reviewed annually and revised as needed.

As we expected, the growth and constant change in the area conditions have changed particular needs and assumptions in the planning years, and we addressed these needs in the new budget. The greatest value in the financial plan is that this multi-year approach lets us see how today's spending decisions will affect the budget in the future and ensure that we can sustain our services. Knowing the long-term impacts allows us to be nimble in our decision-making and take advantage of opportunities while still having confidence that we are not selling out long-term stability for shortterm gain.

Town-Wide Budget Overview The total Fiscal Year (FY) 2023-2024 budget, including all funds and transfers, is $145,084,358.

Overall, the budget for all funds will decrease by -$9,859,509, or -6%, over the FY 2022-2023 amended budget mainly attributed to the decrease in transfers out and capital projects while operation budgets did increase. From an operational perspective, the budget will increase by $7,895,231 or 10.92% over the amended FY 2022-2023 budget due to new personnel, increase in compensation and benefits, and additional program costs of $5,292,479.

5

Town of Little Elm 6

The following matrix reflects changes in sources and uses of all funds by category (town-wide): Expenditure Uses

Amended FY 2023

Adopted FY 2024

% of Total

Change Year Over Year

% Change

Operations

$ 72,303,746

$ 80,198,977

55%

$ 7,895,231

10.92%

Debt Capital Equipment Capital Projects Transfers Out Total Uses

12,323,291

12,277,239

8%

(46,052)

-0.37%

7,027,695

6,210,069

4%

(817,626)

-11.63%

47,361,149

31,709,770

22%

(15,651,379)

-33.05%

15,927,987

14,688,303

10%

(1,239,684)

-7.78%

$ 154,943,868

$ 145,084,358

100%

$ (9,959,509)

-6%

During the five-year budget period the town-wide budget (excluding major capital equipment and projects) is expected to decrease in years two through four and increase in year five, as represented by the chart below. The decreases in years two through four are attributed to a decrease in grant expenditures, one-time expenses, and internal transfers.

Adopted FY 2023-2024

$107,164,519

Planning Year FY 2024-2025

$101,802,639

Planning Year FY 2025-2026

$105,135,064

Planning Year FY 2026-2027

$108,416,050

Planning Year FY 2027-2028

$111,080,671

Revenue The Town of Little Elm’s primary source of revenue is property tax. Due to the highly residential makeup of this community, Little Elm’s dependence on this revenue source is higher than many in our area. This year, $36,361,294 has been budgeted for all property tax collections, including delinquents, penalties, and payments to the tax increment financing zones and municipal management district. Property tax revenue, including the items above, is expected to grow by $2,232,554 or 6.5% over last year collected for property tax. The Town is seeing significant growth in the tax increment financing zones and municipal management district. In these areas, the Town is required to remit back a certain percentage of its collected property tax. This means that the Town does not receive the same level of property tax in these zones or the district. This is reflected in the budget netted against a total gross property tax revenue of $43,640,134. Considering the 6

Town of Little Elm 7

FY 2023 - 2024 Adopted Budget

gross property tax, the Town will collect, before the payments to the zones and district, an increase of $6,015,606 or 16% over last year’s collected property tax revenue.

As a result of strategic planning initiatives, retail recruitment has been a huge priority over the past decade. Due to retail growth and favorable economic conditions, Little Elm’s sales tax growth has remained strong. However, sales tax is generally a source of revenue that is highly volatile and dependent on economic conditions, so we continue to be conservative about our projections in the coming years. Although retail growth has been strong, the highly residential nature of the community means that online sales make up a large segment of our sales tax collections, and we continue to have a lower sales tax per capita than our comparison communities. Sales tax collections in the FY 2022-2023 have exceeded expectations. The Town budgeted sales tax for marginal growth of 1% over estimated FY 2022-2023 receipts in the FY 2023-2024 budget. The total sales tax ($.015) budgeted for FY 2023-2024 is $10,643,118, which is a $881,920 or 9% increase over what was budgeted last year. The sales tax revenue reported includes revenue receipts, contractual payments attributable to 380 economic development, and performance agreements where the sales tax has been previously pledged.

Little Elm has grown rapidly over the past two decades, resulting in strong revenue from building permits and other growth-related activities. Anticipated building permit revenue for FY 2022-2023 is $2,720,703. This revenue source will eventually see a significant reduction as Little Elm reaches the end of its growth phase. We are conservative in our permit revenue projections and show a decrease in revenue over the five-year planning horizon due to permit revenue being subject to highly volatile economic conditions and anticipation of specific neighborhoods approaching buildout.

The licenses, permits, and fees revenue in FY 2023-2024 is $7,902,738 and includes projected revenues of $2,800,000 in building permits and solid waste service fees of $3,833,337. The remaining income is attributable to other types of permitting and registrations required by development services.

Other major sources of revenue come from rates, fees, and charges. These sources are for services rendered and user fees charged, such as ambulance, alarm monitoring, municipal court, recreational use fees, and utility-related services. This category is budgeted for FY 2023-2024 at $30,457,910. The rate, fee, and charge decrease Town-wide over the amended FY 2022-2023 is $479,234 or about -1.55%. Most of this decrease is attributed to a reduction in charges for building plan review and Special Events. The Utility Fund will see and increase over the amended FY 2022 – 2023 budget of $2,063,054, or about 9.90%, in rates, fees, and charges. Most of this increase is attributed to the growth in customers to provide service charges and the Town’s utility water and wastewater rate plan approved in 2020. Water rates will be increasing by 2%, as outlined in this plan. For FY 2023-2024, a total of $22,894,485 has been budgeted for utility sales and other service 7

Town of Little Elm 8

charges. Of this amount, $13,379,849 comes from water sales, $7,838,041 from sewer, and $1,191,270 from additional charges, fees, and wholesale contracts.

Transfers between funds are part of the total sources of revenue. Transfers assist in funding infrastructure improvements and reimbursement for in-kind services across funds. The total transfers budgeted in FY 2023-2024 is $14,688,303. Total revenue from all sources is broken down in the following table:

Ad Valorem Taxes Sales and Use Taxes Franchise and Other Taxes

Amended FY 2022-2023 $ 30,083,171 9,676,198 2,491,053

Adopted FY 2023-2024 $ 36,361,294 10,643,118 2,859,643

% of Total 25% 7% 2%

Fines and Forfeitures Impact Fees Licenses, Permits & Fees Charges for Services Intergovernmental Interest Earnings

809,200 653,000 6,006,503 30,937,144 10,840,270 828,750

835,000 380,000 7,902,738 30,457,910 21,531,877 2,883,000

Debt Proceeds Miscellaneous Transfers In

0 839,898 15,921,188 $ 109,086,375

Funding Source

Total

Change

% Change

$ 6,278,123 966,920 368,590

20.87% 9.99% 14.80%

1% 0% 5% 21% 15% 2%

25,800 (273,000) 1,896,235 (479,234) 10,691,607 2,054,250

3.19% -41.81% 31.57% -1.55% 98.63% 247.87%

15,500,000 744,013 14,688,303

11% 1% 10%

15,500,000 (95,885) (1,232,885)

N/A -11.42% -7.74%

$ 144,786,897

100%

$ 35,700,522

32.73%

The five-year revenue total revenue projections (excluding funding for major capital projects) for the Town of Little Elm are as follows: Adopted FY 2023-2024

$106,931,161

Planning Year FY 2024-2025

$106,766,722

Planning Year FY 2025-2026

$107,105,333

Planning Year FY 2026-2027

$107,165,819

Planning Year FY 2027-2028

$108,874,068

Property Tax Property taxes have been a topic of discussion over the past several years due to the rising property values in the area. While the Town of Little Elm does not have anything to do with the assessment of property values, the decisions made at the appraisal district have an impact locally and affect the Town’s budget and property rate calculation.

8

Town of Little Elm 9

FY 2023 - 2024 Adopted Budget

Although property owners typically see one tax bill, the bulk of the property taxes paid by property owners do not go to the Town of Little Elm. In Little Elm, independent school districts receive most of the money paid by property owners, and the rest is paid to the Town of Little Elm, Denton County, and any applicable special taxing district.

These special taxing districts include Public Improvement Districts (PID), Tax Increment Reinvestment Zones (TIRZ), and a Municipal Management District (MMD). Several neighborhoods in Little Elm exist within a PID or MMD; in the instance of three of the PIDs and the MMD, a percentage of the Town’s collected property tax is remitted back to the neighborhood.

These arrangements were made with the developer before the construction of these neighborhoods. Although these arrangements place the burden of constructing certain public infrastructure, funding public improvements, or operating public amenities on the developer or district governing boards, it also means that the Town of Little Elm receives smaller percentage, in some cases half the amount, of property tax generated by its adopted tax rate from property owners in these neighborhoods.

Due to the continued growth in valuations over the past decade, the issue of property tax relief has been a topic of discussion at the State Legislature for several sessions. In the 2019 session, the State imposed revenue growth caps affecting municipalities to limit the revenue growth that can be realized on the local tax rate. Although this has provided some property tax stabilization, it still needs to address the largest source of property tax payments: public schools. The State Legislature sought to address this issue during one of the 2023 special summer sessions. This year’s special sessions have worked to pass a tax relief package centered around school funding.

It has historically been a goal of the Little Elm Town Council to maintain a competitive tax rate while still planning for future operational and capital growth. Since 2012, the Town’s tax rate has either remained flat or been lowered to help stabilize the municipal portion of the tax bill. In addition to this philosophy, Little Elm also has tax relief in the form of available to property owners in the community. Little Elm has an adopted tax ceiling, or “tax freeze”, for homesteads of homeowners above the age of 65 or disabled persons, including an exemption of $10,000. The tax bills for senior citizens 65 years and older are frozen.

Taxable Values According to the Denton County Central Appraisal District (DCAD), the certified taxable value after the homesteads with a tax ceiling is $7.398 billion. This value is 23% or $1.387 billion more in assessed valuation than the 2022 tax year adjusted taxable value of $6.011 billion.

DCAD is responsible for providing all taxing entities with a certified tax roll.

9

Town of Little Elm 10

The roll does reflect approximately $576 million attributable to new taxable values added to the tax roll, which includes improvements and personal property. This becomes very important because new taxable values are deducted from the calculation when calculating the no-newrevenue rate and the voter-approval tax rate. The following graph reflects historical growth in taxable property values, including the current year (2023) certified totals:

Source: Denton CAD Certified Totals 2013-2023 8,000

$394,360

7,000

Millions

6,000 5,000 4,000

$293,403 $290,494 $277,529 $254,244 $228,631 $205,132 $185,700 $167,857

400,000

$348,282 $313,635

350,000 300,000 250,000 200,000

3,000

150,000

2,000

100,000

1,000 -

450,000

50,000 2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

-

It is worth noting that most of the Town of Little Elm’s new growth occurs in neighborhoods that are part of a TIRZ or MMD, where the Town only receives a portion of the property tax revenue collected. This also impacts the property tax rate calculation from new values added to the roles instead of new revenue due to higher values.

Adopted Tax Rate As mentioned earlier, it has been the goal to keep the tax rate competitive with other cities and towns while providing adequate revenue to fund the needs of a rapidly growing community now and in the future. This year, the Town can again adopt a lower tax rate of $.589900 and still meet those objectives. This is the lowest tax rate since 2009 resulting in a four-cent reduction, and is the largest reduction in 15 years.

The Town was able to adopt a tax rate lower than the voter-approval tax rate, prepare for its future obligations, and adhere to the Town’s long and short-term operational plan. The adopted tax rate still provides an anticipated revenue in the tax levy for operations and debt 10

Town of Little Elm 11

FY 2023 - 2024 Adopted Budget

service commitments. Of the total tax rate of $0.589900, $0.440095 or 74.61% is dedicated to general operations and maintenance (O&M) in the General Fund, and $0.149805 or 25.39% is dedicated to general obligation debt service.

The following tables are a history of the Town’s property tax levy and collections:

TAX RATE HISTORY BY TAX YEAR 0.700000 0.600000 0.500000 0.400000 0.300000 0.200000 0.100000 0.000000

2019

2020

2021

2022

2023

O&M Rate

0.496524

0.520000

0.524035

0.486416

0.440095

I&S Rate

0.153376

0.129702

0.119913

0.143484

0.149805

Total Rate

0.649900

0.649702

0.643948

0.629900

0.589900

O&M Rate

I&S Rate

Total Rate

The average taxable single-family home value is currently $394,360 compared to $348,282 last year. At the adopted property tax rate of $0.589900, the Town tax paid for the average singlefamily home will be $2,326.33. For comparison purpose, a single-family home valued at $100,000 will pay $589.90.

The following table is a history of the Town’s property tax levy and collections: TAX LEVY AND COLLECTION HISTORY: Tax Year

Fiscal Year

Assessed Valuation

Tax Rate

Total Tax Levy

Collected

% Collected

2019 2020 2021 2022 2023

19-20 20-21 21-22 22-23 23-24

4,083,213,579 4,368,946,214 5,172,422,274 6,010,964,507 7,397,886,680

0.649900 0.649702 0.643948 0.629900 0.589900

28,077,721 28,900,348 32,792,517 37,863,065 43,640,134

27,999,271 28,429,272 32,575,541 37,624,528 N/A

99.72% 98.37% 99.58% 99.37% N/A

11

Town of Little Elm 12

Operating Expenditures The operating budget is a combination of all costs to do business except for major capital improvement projects (CIP), capital equipment, transfers, and debt service payments. The combined operating budgets for the FY 2023-2024 budget are $80,198,977, compared with $72,303,746 amended budget in FY 2022-2023. This is an increase of $7,895,231 or 10.92%.

Operating costs are broken down in the following chart for the Town’s core operating funds comparing this year to last year:

TOWN WIDE OPERATING BUDGET Year Over Year Comparison $35,000,000 $30,000,000 $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $-

General Government

Public Safety

Development Services

FY 2022-2023

Public Works

Culture and Recreation

Utilities

FY 2023-2024

The following chart reflects the percentage of expenditures for operations by function of the Town: FY 2023 - 2024 OPERATING TOWN WIDE BUDGET General Government $8,341,910 (10%)

Utilities $19,742,600 (25%)

Culture and Recreation $9,077,113 (11%)

Public Safety $31,282,464 (39%)

12 Public Works, $7,373,506 (9%)

Development Services $4,381,384 (6%)

Town of Little Elm 13

FY 2023 - 2024 Adopted Budget

The major increase in operations costs over last year’s adopted budget are as follows: • • • • • • • • • • • • • • • •

Salaries - $1,550,111 New Personnel - $725,944 Dispatch Increase - $250,000 HVAC Replacements - $160,000 Police Body and Vehicle Camera Replacement Program - $254,177 Police Portable Radio Replacement Program - $141,451 Insurance Increase - $258,800 Sidewalk Replacement - $200,000 NTMWD Wholesale Water Increase - $1,071,746 Broadband at Little Elm Park - $200,000 Special Area Study - $200,000 Continuation of ERP Project - $225,000 The Cove™ Repair and Maintenance Projects - $310,000 Denton ISD 2 New School Flashers - $123,000 TCEQ Mandated Lead and Copper Revised Rule - $255,000 Mansell Tank Rehabilitation - $100,000

New Programs and One-Time Expenses The new programs and significant one-time expenses that have been placed in the budget for the current and future years are as follows: Department Administrative Services Animal Services CDC

Item

New Programs FY 2024 5,000

FY 2025

FY 2026

FY 2027

FY 2028

$

$

5,000

$ 5,000

$ 5,000

Video Interviewing Software

$

Consulting Services For 457 Retirement Plan

$ 10,000

$ 10,000

$ 10,000

$ 10,000

$ 10,000

Benefits Administration Software

$ 40,000

$ 40,000

$ 40,000

$ 40,000

$ 40,000

Employee Rabies Vaccinations

$

3,400

$

4,795

$

4,795

$ 5,000

$ 5,000

Broadband at Little Elm Park

$ 200,000

$

6,000

$

6,000

$ 6,000

$ 6,000

$

-

$

-

$

Beard Park Log Cabin Maintenance

$

-

$ 10,000

HVAC Replacement Plan

$ 160,000

$ 120,000

$ 125,000

$ 200,000

$160,000

Fire

Ambulance Addition

$

$

-

$ 385,000

$ 78,125

$ 78,125

Fleet

Faster Fleet Management Software

$ 120,000

$ 20,000

$ 20,000

$ 20,000

$ 20,000

LinkedIn Learning Database

$

7,000

$

7,000

$

7,000

$ 7,000

$ 7,000

North Little Elm Library Kiosk

$ 270,008

$

2,000

$

2,000

$ 2,000

$ 2,000

Metroshare Consortium

$ 11,990

$

7,790

$

7,790

$ 7,790

$ 7,790

Podio Project Management System

$

$

1,200

$

1,250

$ 1,250

$ 1,300

Placer Software

$ 14,500

$ 16,000

$ 16,800

$ 17,650

Facilities

Library

Marketing

14,500

5,000

-

1,200

$ 15,225

13

Town of Little Elm 14

New Programs Continued Department

Item

FY 2024

FY 2025

FY 2026

FY 2027

FY 2028

Parks Maintenance

Lakefront Trail Drainage

$ 65,000

$

-

$

-

$ 65,000

$

Jet Skis

$ 20,000

$

4,000

$

4,000

$ 4,000

$ 4,000

Self-Defense Training

$

6,625

$

1,100

$

1,100

$ 1,100

$ 1,100

LiveScan / Jail Reporting System To TXDPS

$ 14,366

$

2,000

$

2,000

$ 2,000

$ 2,000

LexisNexis – Citizen Reporting Software

$ 17,280

$ 17,280

$ 17,280

$ 17,280

$ 17,280

Ticket Writers

$ 27,000

$ 13,000

$ 13,000

$ 13,000

$ 13,000

Portable Radio Replacement

$ 141,451

$ 103,730

$ 103,730

$ 114,731

$124,731

Body and Vehicle Camera Replacement

$ 254,177

$ 254,177

$ 254,177

$ 254,177

$254,177

Recreation

Wellness Portal Tracking Program

$ 13,500

$ 13,500

$ 13,500

$ 13,500

$ 13,500

Stormwater

TCEQ Ms4 Stormwater Permit Renewal

$ 50,000

$

-

$

-

$

-

$ 50,000

Streets

Speed Board Replacements at Chavez Elem

$

$

-

$

-

$

-

$

Contracted Sidewalk Replacement

$ 200,000

$ 100,000

$ 150,000

$ 150,000

$150,000

Monthly Social Media Boost

$

$

$

6,000

$ 6,000

$ 6,000

Programming for The Lawn

$ 15,000

$ 15,000

$ 15,000

$ 15,000

$ 15,000

Subscriptions and Marketing: D Mag, USA Today, Texas Travel- Top Lists

$ 20,000

$ 20,000

$ 20,000

$ 20,000

$ 20,000

Influencers

$ 30,000

$ 30,000

$ 30,000

$ 30,000

$ 30,000

North Texas Commission Membership

$

4,390

$

4,390

$

4,390

$ 4,390

$ 4,390

Additional Funds for Council Special Projects

$

5,000

$

5,000

$

5,000

$ 5,000

$ 5,000

Veteran's Banquet

$ 10,000

$ 10,000

$ 10,000

$ 10,000

$ 10,000

Utilities

GIS GPS Unit

$ 14,000

$

$

$

$

Water Operations

811 Contract

$ 40,000

$ 42,000

$ 45,000

$ 47,000

$ 50,000

Water Conservation Plan

$

$

$

$

$ 55,000

Police

TIRZ 3 Lakefront

Town Council

Department Administrative Services Animal Services

CDC

Item

6,200

6,000

55,000

6,000

500

-

One-Time Expenses FY 2024 FY 2025

500

-

500

-

-

-

500

FY 2026

FY 2027

FY 2028

-

$

-

$ 20,000

$

-

$

-

$

-

$

-

$

-

5,000

$

-

$

-

$

-

$

-

$

11,000

$

-

$

-

$

-

$

-

Marion Storage Upgrade

$

12,000

$

-

$

-

$

-

$

-

Toro Spray Master 34240

$

24,000

$

-

$

-

$

-

$

-

Town Council Redistricting - Contract for Services

$

-

$

Outdoor Kennels

$

32,215

Splash Pad Chemical Monitor

$

Beach Shower Replacement

14

Town of Little Elm 15

FY 2023 - 2024 Adopted Budget

One-Time Expenses Continued Department

Item

FY 2024

FY 2025

FY 2026

FY 2027

FY 2028

Replacement Soccer Goals

$

28,000

$

-

$

-

$

-

$

-

Beard Park Musical Instrument Replacement

$

35,000

$

-

$

-

$

-

$

-

Cottonwood Fence Replacement

$

35,000

$

-

$

-

$

-

$

-

Dog Park Playground Pavilion Addition

$

40,000

$

-

$

-

$

-

$

-

Parks Master Plan Phase 2

$

50,000

$

-

$

-

$

-

$

-

Add Inception Lighting for The Cove™

$

30,000

$

-

$

-

$

-

$

-

Additional Patio and Mezzanine Furniture

$

30,000

$

-

$

-

$

-

$

-

Install A Permanent, Upgraded Bar Area

$

30,000

$

-

$

-

$

-

$

-

Plaster Acid Wash Services for All Pools

$

40,000

$

-

$

-

$

-

$

-

Rust Remediation and Painting

$ 150,000

$

-

$

-

$

-

$

-

Elevator Repair/Rebuild at The Cove™

$ 160,000

$

-

$

-

$

-

$

-

Special Planning Study

$ 200,000

$

-

$

-

$

-

$

-

Facilities

Sound Panels at Public Safety And Town Hall

$

18,000

$

-

$

-

$

-

$

-

Finance

Increase in ERP Project

$ 225,000

$

-

$

-

$

-

$

-

Quantifit - SCBA Tester

$

8,955

$

-

$

-

$

-

$

-

Update Boat Lift

$

24,081

$

-

$

-

$

-

$

-

SCBA Retrofit

$

61,400

$

-

$

-

$

-

$

-

Public Works Institute Of Texas Certification

$

1,650

$

-

$

-

$

-

$

-

CDL Training

$

1,800

$

-

$

-

$

-

$

-

Certified Public Manager Program

$

5,500

$

-

$

-

$

-

$

-

Welder/Generator Replacement Animal Control Facility Camera Additions Wireless Point-To-Point Radio for Boat Dock Fire Station 2 Camera Additions Fire Station 3 Camera Additions

$ $ $ $ $

8,500 15,063 15,519 26,205 26,205

$ $ $ $ $

-

$ $ $ $ $

-

$ $ $ $ $

-

$ $ $ $ $

-

Lobo Lane Bed Upgrade

$

23,000

$

-

$

-

$

-

$

-

Hart Median Upgrade

$

25,000

$

-

$

-

$

-

$

-

Median Improvements - Eldorado Between 423 And Little Elm Parkway

$

55,000

$

-

$

-

$

-

$

-

Walker Median Beds Upgrade

$

55,000

$

-

$

-

$

-

$

-

Eldorado Median Upgrade

$

58,000

$

-

$

-

$

-

$

-

Wheelchair Accessible Desk

$

1,500

$

-

$

-

$

-

$

-

Library Children's Area Renovation

$

17,084

$

-

$

-

$

-

$

-

Certified Public Communicator Program

$

-

$ 6,900

$

-

$

-

$

-

CDC Continued

The Cove™

Development Services

Fire

Fleet

Information Technology

Landscape

Library Marketing

15

Town of Little Elm 16

One-Time Expenses Continued Department Marketing Continued NonDepartmental Parks Maintenance Police

Solid Waste Stormwater

Streets

Utility Services

Wastewater Collection

Wastewater Treatment

Water Operations

Item

FY 2024

FY 2025

FY 2026

FY 2027

FY 2028

PIO Training Denton County

$

$

-

$

-

$

-

$

-

Facility Maintenance and Replacement Fund

$ 500,000

$

-

$

-

$

-

$

-

Chevrolet 2500 HD 4X2 Crew Cab Pickup

$

43,000

$

-

$

-

$

-

$

-

Park Facilities Cleanup

$

55,000

$

-

$

-

$

-

$

-

Replacements To 2 Surface Pros

$

3,000

$

-

$

-

$

-

$

-

Take Home Patrol Vehicles (3)

$

164,185

$

-

$

-

$

-

$

-

Mobile Modular Drop Site Kiosk

$

14,700

$

-

$

-

$

-

$

-

FY 24 Solid Waste Collection Contract Evaluation

$

21,980

$

-

$

-

$

-

$

-

Dog Park Creekside Clearing

$

25,000

$

-

$

-

$

-

$

-

Liftgate For Pickup Truck Unit 5042

$

5,000

$

-

$

-

$

-

$

-

Avery Tj Printer Setup & Flexisign Installation

$

6,300

$

-

$

-

$

-

$

-

U.S. 380 Traffic Signal Opticoms

$

18,600

$

-

$

-

$

-

$

-

Denton ISD - 2 New School Flashers

$ 123,000

$

-

$

-

$

-

$

-

Certified Public Manager Program

$

5,000

$

-

$

-

$

-

$

-

TCEQ Mandated Lead And Copper Revised Rule

$ 255,000

$

-

$

-

$

-

$

-

Sewer Line Locator Replacement

$

5,000

$

-

$

-

$

-

$

-

360 Degree Manhole Scanning Tool

$

22,000

$

-

$

-

$

-

$

-

Lift Station 5 Replacement Pump

$

30,000

$

-

$

-

$

-

$

-

Valencia Lift Station Pump

$

30,000

$

-

$

-

$

-

$

-

Replacement Waste Activated Sludge Pump

$

15,000

$

-

$

-

$

-

$

-

A/C For Belt Press MCC

$

35,000

$

-

$

-

$

-

$

-

Aeration Basin Baffle Study And Design

$

60,000

$

-

$

-

$

-

$

-

Replacement Pump For WWTP Lift Station

$

68,000

$

-

$

-

$

-

$

-

Replacement Wooden Fence For WWTP

$

85,000

$

-

$

-

$

-

$

-

Eldorado Elevated Storage Access Control

$

10,500

$

-

$

-

$

-

$

-

FM 423 Elevated Storage Access Control

$

13,500

$

-

$

-

$

-

$

-

Mansell Pump Station Access Control

$

55,500

$

-

$

-

$

-

$

-

Mini-Dump Truck Approved FY23

$

60,000

$

-

$

-

$

-

$

-

Valve Exercise Trailer

$

90,000

$

-

$

-

$

-

$

-

Mansell Tank Rehabilitation

$ 100,000

$

-

$

-

$

-

$

-

725

16

Town of Little Elm 17

FY 2023 - 2024 Adopted Budget

Additional Highlights (Many of these projects cover many years, so they may not be limited to one fiscal year’s budget) Fire Station 4/Police Substation This project will provide additional fire and police resources around the US 380 Corridor and will be located within the Spiritas Ranch development that is currently under construction. This project is currently being designed and is anticipated to be complete in 2025. Funding is available through a development agreement with the developer of Spiritas Ranch and a 10 million dollar certificate of obligation (CO) issued in 2022. Due to the unprecedented rise in construction costs that have occurred over the past couple of years, the funding currently available for this project will not be sufficient. Initial construction estimates have this project exceeding its budget by several million dollars. While funding potential funding strategies are being developed to address this obligation, final funding needs and recommendations will not be made until the project is farther along in the design due to the volatility of costs right now. Anticipated sources of additional funding solutions could include additional COs or use of capital reserve.

Cottonwood Park The Town Council adopted the master plan for Cottonwood Park in 2019. The project is expected to be complete in late 2024 or early 2025. The project will include new trails, pavilions, parking, a playground, restrooms, site amenities, and general improvements. The total estimated construction cost is $10,000,000 and includes funding from the Community Development Corporation, debt issuance from the 2021 COs, capital recovery fees, Park Dedication fees, utility contributions, and grant funding from the Texas Parks and Wildlife Department. The adopted budget includes staffing for Parks Maintenance to ensure proper maintenance resources.

Public Works Building Expansion The project includes remodeling and expanding the existing Public Works Service Center to provide additional meeting, office, and training space. The project will also include a new water testing laboratory and bunkroom. The Public Works Building Expansion is currently under construction and is expected to be complete in early 2024. The contract amount is $3,147,500.

Little Elm Park Camping Improvements In 2016, the Council adopted a master plan for camping improvements in Little Elm Park.

Although we incorporated many of the recommended improvements into the Cottonwood Park Master Plan, the recommendations for improving primitive camping in Little Elm Park are still relevant.

17

Town of Little Elm 18

This project is part of the 2021 CO issuance and also has funding allocated from grant awarded by Texas Parks and Wildlife and TIRZ #3. It is expected to include improvements to the Little Elm Park Camping and amphitheater area. Adopted improvements include upgrading campsites, a restroom and shower facility, and a boardwalk connection to the amphitheater, and amphitheater updates. The Town is also seeking grant funding through the Texas Parks and Wildlife Department. The initial budget for this project is $2,100,000, but the scope of this project may change depending on funding needs of higher priority capital projects.

McCord Park Water Reuse Water Line This project will install approximately 5,600 feet of 8” reuse water lines, extending from the recently-built 100,000-gallon reuse water tank located at the wastewater treatment plant to the intersection of Witt Road and King Road (near the entrance of the McCord Park Splash Pad). The estimated cost of construction is $800,000. The Town received a grant and will pay the remainder of the project from the Utility Fund. The plans are complete and The Town is awaiting final grant funding agreements before bidding the project.

West Side Emergency Interconnection This project will provide an emergency interconnection with Mustang Special Utility District to provide emergency water access if there are failures in the line that runs under Lewisville Lake.

The estimate for design is $33,000 in FY 2020-2021, and the estimate for improvements is $390,910 programmed in FY 2023-2024 Capital Improvement Plan.

Hill Lane Improvements This project will reconstruct Hill Lane from Oak Grove Parkway to Dickson Lane to a collectorlevel thoroughfare with a 2-lane divided concrete cross-section, underground drainage system, enhanced landscaping, and sidewalks. The project is currently at 90% design and is expected to begin construction in the first quarter of 2024. All funding of $5,234,000 for the project is from the Denton County TRIP 2022 Bond Program. The Town is currently working with Denton County on the Interlocal Cooperation Agreement to set the funding in place.

King Road Improvements This project will expand King Road to a four-lane divided thoroughfare from Witt Road to Rose Lane. The project will include underground drainage, sidewalks, and median landscaping and lighting. The project cost is $6,000,000. The Town has received $4,500,000 in funding assistance from Denton County and entered an interlocal agreement with the City of Frisco. The project is currently in design and will be constructed by the City of Frisco. The road improvements are estimated to be complete by the fall of 2023.

18

Town of Little Elm 19

FY 2023 - 2024 Adopted Budget

Fishtrap Road This project will reconstruct Fishtrap Road from Shallow Pond Drive east to FM 1385. The project includes an undivided concrete collector with underground drainage and sidewalks. Fishtrap Road is currently in Denton County and will be constructed with funding from the TRIP 2022 Bonds.

The Town has agreed to advance the project by entering an interlocal cooperation agreement for the design of $600,000. The Town will contract and manage the project's design and then turn plans over to Denton County for bidding and construction. The project design will begin in the fall of 2023 and is expected to be complete by June 2024. Construction by Denton County will follow.

North Oak Grove Parkway This project will complete the construction of a four-lane divided concrete section from US 380 north to Fishtrap Road. The project will include underground drainage and sidewalks. The project is funded by the Denton County TRIP 2022 Bonds. The Town will complete an interlocal agreement with Denton County for the design and construction in the fall of 2023. This section of roadway is both in Little Elm and Crossroads and will require coordination between the two entities.

Main Street and Eldorado Traffic Signal This project constructs a 4-way traffic signal at the intersection of Main Street and Eldorado Parkway. The Denton County Trip 2022 Bonds will fund the project. We expect this funding to be made available by Denton County in the spring of 2024. The Town has completed an engineering warrant study identifying the need for the signal at this location. This study will be submitted to TxDOT for review and approval.

Wastewater Treatment Plant Improvements This is a group of projects to rehab components, add enhancements, and improve operations for increased efficiency. The project will include replacement of sludge dewatering equipment, and rehab of clarifier #1. These projects are funded from the 2021 bond funds. Project are in various stages of design and construction and expected to all be complete by the fall of 2024.

Wynfield Farms Manhole Rehabilitation Project This project will reconstruct 10 existing sewer manholes in Wynfield Farms that have been damaged structurally due to hydrogen sulfide gas. The project is estimated at $4,000,000 and will be funded from the 2024 utility bonds.

Mansell Pump Station Project This project will increase the piping size at the pump station and increase pump sizes to provide for additional pumping capacity to meet the demand from growth. The design, for $370,000, is

19

Town of Little Elm 20

funded by impact fees. The estimated construction cost is $4,750,000. The design is expected to be complete by the fall of 2024.

Westside Water System Improvements This project will add a new pump station, ground storage tank, hydro pneumatic tank, and disinfection equipment. This will provide increased pumping capacity and pressure for the water distribution system west of the Little Elm Bridge. Land acquisition for project is currently in process. The design will begin in the summer of 2024 in the amount of $1,000,000. Including design, the estimated cost of the total project is $10,000,000.

Supervisory Control and Data Acquisition Improvements This project will add new electronic equipment and enhance existing equipment at all water and wastewater facilities to provide for monitoring, control, and emergency notification. The project is funded from the 2021 bond funds in the amount of $1,500,000.

North Little Elm Library This project will install a 24-Hour Library kiosk outside of Fire Station 3 to provide materials to the northern Little Elm community. Residents will be able to pick from a rotating selection of materials and return them when they are finished. Residents can also request specific materials to be brought to the kiosk. The total cost of this project is approximately $270,000.

Police Radio Replacement This project will begin a replacement process for Police portable radios. The current radios are no longer supported by the vendor or field support. Over the next five years, a portion of the total 59 radios will be purchased: 15 in FY 2023-2024 and 11 in each subsequent fiscal year until FY 20272028, when the last set of radios will be purchased. This project will cost approximately $590,000 over the next five years.

Police Camera Replacement This project will begin replacing 99 body and 68 vehicle cameras for the Police department. The current cameras have reached the end of their useful life and are no longer supported. The new cameras will increase efficiency by allowing Police Officers to store videos, photos, and other information with incident/case files. This project will cost approximately $254,177 per year over the next five years, for $1,270,885 Facility Maintenance and Replacement Fund A new fund has been established to address facility maintenance and equipment proactively. For FY 2023-2024, $500,000 has been set aside to start building this fund. Expenses from this fund 20

Town of Little Elm 21

FY 2023 - 2024 Adopted Budget

will be tied to the Asset Management module in the Town’s Enterprise Resource Planning system (ERP) once it is implemented. This fund will also include a replacement program for technologyrelated equipment.

Vehicle Equipment Replacement Fund (VERF) In FY 2013-2014, the Vehicle Equipment Replacement Fund (VERF) was established. User departments make annual payments to the fund on all equipment and vehicles so that when the item reaches the end of its useful life, the money is there to purchase its replacement. The total transfer to this fund in the FY 2023-2024 budget is $2,600,434.

This is the fourth year the Town has collaborated with Enterprise Fleet. Over this last year, we have seen successful utilization of when to hit the market to sell the current fleet and what the best fit for replacements. This year, with the assistance of Enterprise Fleet, we can utilize the VERF’s balance to purchase new fleet vehicles for the Police Department. We have purchased six new units this year; we plan to buy three in FY 2023-2024 and three in FY 2024-2025 to provide each police officer with a unit to drive home. The result will provide less wear and tear on vehicles and a better return rate on resale value due to lower mileage.

We plan to reduce the contributions to the VERF with the offset of auction proceeds earnings to minimize a fund balance growth but still maintain a balance that will be able to replace future fleets and equipment.

Employees The total personnel costs, including salary and benefits, is $42.3 million for FY 2023-2024. This includes 371.25 approved positions as well as seasonal and Part-Time positions.

Culture and Recreation 13%

Utilities 8%

General Government 8%

Public Works 3% Development Services 7% Public Safety 61%

We will be experiencing cost increases in personnel due to new positions, increasing cost of insurance premiums, and pay increases due to the compensation plan implementation.

In FY 2023-2024, non-public safety employees will receive a raise based on a step increase and a 2.5% cost of living adjustment. Uniformed Public Safety employees will not receive a step raise 21

Town of Little Elm 22

but a 5% cost of living adjustment to stay competitive with the police and fire pay scales in our market. For all employees, a step raise is planned for each year in the five-year budget with a 2.5% cost of living adjustment for FY 2025-2026 and FY 2027-2028. In addition, in FY 2027-2028, the Town will have 27 payroll periods due to a leap-year effect.

The new positions adopted within the five-year budget include the following: FY 2023-2024 Positions • • • • • • •

Four Patrol Officers, Police Two SROs, Denton ISD, Police Facility Technician Tourism, Events, and Sales Coordinator Assistant Fire Marshal Process Improvement and Innovation Manager Part-Time Assistant to the Town Manager TOTAL FTEs 10.5

FY 2024-2025 Positions • •

Animal Services Officer Community Integrity Specialist TOTAL FTEs 2

FY 2025-2026 Positions •

NONE

FY 2026-2027 Positions •

Equipment Operator, Parks Maintenance

FY 2027-2028 Positions •

NONE

Insurance Little Elm is facing the issue that many employers are facing, which is increasing costs to provide insurance. A 10% increase in premiums ($258,800) has been budgeted. As we move into looking at cost reductions, the health insurance coverage will be reviewed annually.

22

Town of Little Elm 23

FY 2023 - 2024 Adopted Budget

TMRS Texas Municipal Retirement System (TMRS), a statewide administered pension plan, is a “cash balance plan” in which members make regular contributions to individual accounts that are matched with employer contributions and supplemented with investment income. TMRS covers more than 900 cities, and each municipality can design a benefit plan to meet its needs and cost structure.

The Town provides pension benefits for all of its full-time employees through TMRS. The Town continues to contribute 100% of its annual required contribution (ARC) at an actuarially determined rate and is solid. Both the employees and the Town make contributions monthly. The Town’s TMRS plan is a 2-to-1 matching ratio with a five-year vesting period. Service eligibility for retirement is age 60 with five years of service or any age with 20 years of service. In addition, the Town has updated service credits and COLA, all annual repeating.

The Town’s FY 2022-2023 contribution rate is 13.47%, with the FY 2023-2024 rate at 13.55%, about a 0.60% increase. As a result, the budgetary impact of the TMRS contribution rate based on the Town’s estimated wage and compensation budget for FY 2022-2023 will increase by approximately $563,392 due to an increase in compensation for steps and COLA. The following table reflects the Town’s historical contribution rates: TMRS Town Contribution Rate Employee Contribution Rate

2015 12.95% 7.00%

2016 13.05% 7.00%

2017 13.61% 7.00%

2018 13.54% 7.00%

2019 13.31% 7.00%

2020 13.59% 7.00%

2021 13.53% 7.00%

2022 13.85% 7.00%

2023 13.47% 7.00%

2024 13.55% 7.00%

General Fund The General Fund is the fund that houses the essential services of municipal government. These services include Police, Fire, Streets, Development Services, Parks Maintenance, Governmental Administration, and all internal services. The total expenditures in this fund adopted for FY 20232024 is $54,629,328. Without transfers to the other funds, the amount is $51,138,545.

General Fund revenues and budgeted transfers are estimated at $51,537,540 for FY 2023-2024.

This is an increase of 8.82% or $4,178,997 over amended FY 2022-2023. The sales tax maximum rate is 8.25%, with 1% contributed to the Town of Little Elm’s General Fund. The sales tax is projected to be approximately $6.935 million or 9.89% more than last year’s budget in the General Fund. This growth results from continued commercial development, population growth in the area, and a continued shift to online shopping for many residents.

Revenue from permitting activity continues to provide sustaining support to general-purpose operations. Single-family residential dwelling permitting activity was budgeted to reflect 1,350 new construction permits in FY 2022-2023. Building permit revenues in FY 2022-2023 have 23

Town of Little Elm 24

FY 2023 - 2024 Adopted Budget

maintained what was budgeted in revenue at $2.80 million and are estimated to collect $2,720,703.

The Town is forecasting conservative growth in new construction permits for residential at 1,350 units in FY 2023-2024. With residential and commercial permitting, the anticipated revenue for building permits will be approximately $2.80 million.

As discussed above, property tax represents 50% of the total funding sources of the General Fund at $25.582 million. It is approximately $406,182 thousand or 1.6%, more than the FY 2022-2023 estimated collection of property tax revenue. The growth is from new construction values and appreciation in property values while lowering the tax rate. The transfers into the General Fund represent 4.5% of the total sources of funds and include payment for General and Administrative services from the Utility Fund.

General Fund operating expenditures total $51,138,545 before transfers out. With transfers, the total General Fund budget for FY 2023-2024 is $54,629,328. This budget is a 0.20% increase or $111,526 more than FY 2022-2023 amended budget. This budget without transfers is a 7.39% increase or $3,519,865 more than FY 2022-2023 amended budget.

A comparison of the General Fund budgeted expenses for FY 2022-2023 and FY 2023-2024 is illustrated in the table below: General Fund FY 2022-2023 Amended

FY 2023-2024 Adopted

Difference

Operations Transfers Total

$ $ $

$ 3,519,865 $ (3,408,339) $ 111,526

$ $ $

47,618,680 6,899,122 54,517,802

51,138,545 3,490,783 54,629,328

Net Effect Increase Decrease Increase

Like most municipal organizations, Public Safety is the most significant cost center of generalpurpose operations, with a combined budget of $30.729 million or 56.25% of the total General Fund operating budget. These services include Police, Fire, Municipal Court, Animal Services, and ambulance costs. By category, total personnel costs represent about 67.31% or $34.94 million of General Fund operation costs.

The total ending fund balance for the General Fund is projected to be $33.7 million for FY 20232024. This estimated and projected ending fund balance is approximately 62% of operating expenditures. The Town’s fund balance legal reserve requirement by town ordinance is 25% and is equal to roughly $13.6 million, leaving a budgeted amount that will be rolled forward for use in future years while the tax base grows in the northern part of the community.

The Town of Little Elm utilizes a conservative strategy when projecting revenues and expenditures by analyzing revenue and expenditure patterns to make adjustments as needed.

24

Town of Little Elm 25

FY 2023 - 2024 Adopted Budget

Utility Fund The Utility Fund (“the utility system”) is 100% self-supporting with rates and charges sufficient to cover operating, debt, and various scheduled capital outlay purchases and capital infrastructure projects. The Town operates a full-service utility with water production and distribution, sewer collection, treatment, and meter billing and collection. The Utility Fund serves as a business enterprise and utilizes full accrual accounting. The Utility Fund segregates and distinguishes water operations and sewer functions and works toward making each process self-supporting.

The FY 2023-2024 budget for Water and Sewer combined operations incorporates the multi-year rate package approved by the Town Council on September 15, 2020. The rate plan provided a rate freeze for the FY 2020-2021 but includes rate adjustments commencing in October 2021, October 2022, October 2023, and October 2024. Since adopting the current rate package, several challenges have occurred which will challenge the utility fund in future years.

These challenges include additional capital project needs to accommodate increased growth on the west side of the Town and the potential for significant wholesale water cost increases passed along to customer cities of the North Texas Municipal Water District.

To address these coming challenges and needs, the Town is working with our third-party rate consultant to develop the following multi-year rate schedule. In addition, the Town’s I&S tax rate can absorb a portion of the Utility Fund’s debt service payment. This will allow additional money to remain in the fund balance to cash flow certain capital projects to reduce future debt issuance.

This should help stabilize rates a bit in the following rate package.

The Water and Sewer Fund is expected to begin FY 2023-2024 with a $23.9 million working capital balance. The Town maintains working capital per policy of a minimum of 120 days reserves. As a result, the expected ending working capital balance will be more than the required reserve at $8.8 million. A healthy fund balance is necessary to help fund future capital projects and one-time maintenance infrastructure costs planned within the five-year balanced budget. The fund balance is programmed to be reduced in the five-year financial plan due to the increased costs of operations and future debt issuance for capital infrastructure.

The total Utility Fund revenues from rates, fees, and charges are expected to be $22.9 million, and with interest earnings of $925,000, the total payments of the system are estimated at $23,834,485.

It is expected that total revenues will be 12% more than the prior-year budget due to a growth in residential, multi-family and commercial connections to the Town’s utility system and the 2% water rate increase planned in the multi-year rate plan. The Town assesses and collects water and sewer developer impact fees to help pay the infrastructure costs associated with new development for commercial and residential development.

25

Town of Little Elm 26

Other fees are related to services performed in the field for new connections, penalties, and interest on late payments and disconnects. Other financing sources include impact fees and other developer contributions. The Utility Fund expenses for operations, debt, transfers, infrastructure improvements, and capital items total $26,915,634. The following graph reflects the uses of funds in the Town’s utility system: Water Operations $2,432,349 9% Wastewater Collections $952,811 4% Wastewater Treatment $2,640,877 10%

Transfers $8,705,134 32%

Water Administration $1,343,752 5%

Capital Improvement $804,000 3% Debt Service $1,776,870 7%

Water Purchases $7,346,102 27%

Utility Billing $913,739 3%

The budget includes a pass-through increase for water purchased through the North Texas Municipal Water District (NTMWD). The rate for purchased water will significantly increase based on the information the Town has received from NTMWD. This rate will go from $3.44 to $3.74 per 1,000 gallons. Wholesale water costs for FY 2022-2023 were $6,497,750, while FY 2023-2024 is projected to be $7,346,102, representing a 13% increase. Although we are used to the cost of wholesale water going up, and there are normal rate increases expected, as mentioned earlier, one of the unknown threats looming in the future is a significant increase to NTMWD customer cities.

Solid Waste Fund This business-type fund accounts for the Town’s solid waste activities (refuse, hazardous waste, and recycling materials). The Town contracts solid waste collection with Community Waste Disposal, Inc. (CWD). Due to the closure of the DFW Landfill in Lewisville in late 2019, CWD requested an amendment to the contract to address the disposal cost increase. The amended agreement was approved effective February 1, 2020, and included an extension of the contract to 2025. Residential rates have stayed the same for over three years, and the Town has absorbed increases in tipping fees and other costs without adjusting rates. This year, however, the Town will be passing some of these increasing costs onto the solid waste customers to keep this fund from having a negative balance in coming years. Residents currently pay $18.03 for household refuse collection and disposal and effective 10/1/2023 residents will pay $18.93 for collection and disposal. The Town’s commercial accounts are billed directly by CWD. 26

Town of Little Elm 27

FY 2023 - 2024 Adopted Budget

The Town operates its courtesy disposal site with franchise and user fees generated through this fund. The Solid Waste Fund accounts for the Town’s semi-annual clean-up events and household hazardous waste collection and disposal costs. The annual waste collection and removal contract is estimated at $3.340 million. With this amount, the FY 2023-2024 budget for the Town’s Solid Waste Fund is $3,713,255 before transfers and is supported by franchise fees, billing and collection fees, and sales of service of $4,114,762.

SPECIAL REVENUE FUNDS Street Improvement and Maintenance Fund Out of the ¼ cent Street Maintenance Fund for FY2023-2024, the budgeted amount is $1,850,000.

The Street Maintenance Fund is budgeted toward neighborhood street repairs and construction annually. The fund is typically spent annually to complete as many street maintenance projects as possible.

Little Elm voters renewed a ¼ cent sales tax in May 2021 to construct and maintain the Town's streets. The Town issues a competitive bid for street maintenance and awards the request for street repairs based on a comprehensive street maintenance inventory grid maintained by the Town's engineer. The first election was in 2005. Street Maintenance Project Inventory is updated annually

by Public Works and Engineering, and projects are prioritized and placed out to bid. The bids are value-engineered and tailored to the Street Maintenance Sales Tax Budget.

In addition to the money dedicated to street maintenance from this fund, $430,000 in additional funding for street maintenance and $200,000 for sidewalk repair have been allocated from the General Fund in the FY 2023-2024 budget.

Parks and Recreation Fund Several years ago, the decision was made to separate the revenue-generating functions of the Parks and Recreation Department into a special revenue fund. This allows staff to take more of a business philosophy towards functions such as The Rec at The Lakefront™, Special Events, and Athletic Programming. This philosophy has been paying off as we see business success at The Cove at The Lakefront®, a considerable increase in membership at The Rec™, a much higher level of cost recovery in Special Events, Athletics, and Aquatics, and the elimination of the General Fund subsidy to the Parks and Recreation Fund.

The Rec at The Lakefront™ has continued recovering from the COVID-19 pandemic, significantly affecting operations and membership. The facility is anticipated to end FY 2023-2024 with a strong level of cost recovery for operations.

27

Town of Little Elm 28

This fund has seen a significant change in revenues and expenses due to the opening of Little Elm's new aquatic park, The Cove at the Lakefront®, in the Spring of 2021. The Cove® is again showing full cost recovery in next year's budget and helping to offset other functions of this fund.

We continue to place a great emphasis on special events and, with the opening of Little Elm's first hotel, have added more of an emphasis on regional tourism. Different events will have a different focus and end goal, with low to no-cost events tailored to the community being offered and significant regional events expected to generate a profit and generate tourism numbers. We will also partner with outside event production companies to bring additional events to the area.

Throughout the five-year budget, it is not anticipated that the General Fund will have to lend any subsidy to this fund. This means that all direct operating costs to provide recreation services to the Town of Little Elm are self-supporting. To meet fund balance requirements, revenues in this fund must exceed expenses by 25% to avoid a subsidy from the General Fund. This fund is in a strong position, and it allows user fees to cover the cost of recreation programming and facilities so that very little tax money, if any, is utilized. We have yet to make plans for the General Fund in this five-year financial plan to assist in the fund balance requirement.

Landscape Fund The funding for this fund comes predominantly from leases the Town has on its tower facilities and funds that developers escrow for landscape and sidewalks. The revenue from the leases totals approximately $200,000. In addition to tower lease proceeds, the fund is supported by a transfer from the Solid Waste Fund for $200,000 and $50,000 from the Community Development Corporation (CDC). This fund will receive annual payments from various Homeowner Associations (HOAs) as they fulfill contractual agreements to pay back their matching portion of the now-expired Neighborhood Integrity Grant program.

The Landscape Fund includes the Town’s right-of-way mowing contract with a budgeted allocation of $550,000. Other budgeted expenses include: • • •

On-going Operational Expenditures o Miscellaneous Landscape and Signage: $50,000 FY 2023-2024 One-Time Expenses o Various Town Median upgrades: $216,000 FY 2024-2025 One-Time Expenses o Fence repair/staining: $60,000

The Landscape Fund will begin the year with a balance of $401,814 and is estimated to end the fiscal year with a balance of $87,827.

28

Town of Little Elm 29

FY 2023 - 2024 Adopted Budget

Drainage Fund On November 1, 2011, the Town Council adopted Ordinance #1087, implementing the stormwater management program. Beginning in January 2012, Little Elm utility customers were assessed a drainage fee as established and determined by Town staff and a consulting team. The purpose of the fee is to provide more effective stormwater management throughout Little Elm. It will also help protect Lake Lewisville, the community, private property, and the environment from stormwater problems such as pollution, damage to aquatic habitat, creek erosion, and flooding.

The stormwater system is a network of structures, channels, and underground pipes that carry stormwater (rainwater) to ponds, lakes, streams, and rivers. The network consists of both public and private systems. It is an integral part of the stormwater management system in the Town that is designed to control the quantity, quality, timing, and distribution of storm runoff. It is not part of the wastewater (sanitary) sewer system, which carries water and waste from drains (sinks, bathtubs, showers, etc.) and toilets to a treatment plant to be treated and filtered. Stormwater does not flow to a treatment plant.

The Town’s drainage fee is based on a drainage master plan as approved by the Town Council and is calculated on impervious service areas. There is a standard square footage assessment for each residential property with commercial properties based on square footage plus concrete parking.

Residents pay a base fee of $3.35, and commercial accounts pay a calculated rate on their impervious area per their equivalent residential units of $3.35.

The total budget for the Storm Drainage Fund for FY 2023-2024 is $666,991 and funds vehicles, equipment, and personnel to oversee drainage work. There is also funding for various drainage projects to improve the creeks and channels within the Town, including: •

• •

FY 2023-2024 One-Time Expenses o Dog Park Creekside Clearing: $25,000 o McCord Park Trail Drainage: $25,000 o TCEQ Stormwater Permit Renewal: $50,000 o Post Winter Storm Street Sweeping of Sand/Salt: $15,000 FY 2024-2025 One-Time Expenses o Shell Beach Debris Separators: $75,000 FY 2025-2026 One-Time Expenses o Wynfield Farms Outfalls Debris Separators: $120,000

PEG Fund Council established this fund in FY 2012-2013 to provide funding for the Town’s future public access and educational channel. The estimated balance for the fiscal year ending September 30, 29

Town of Little Elm 30

2023, will be approximately $33,232. The annual revenue to support the fund will be approximately $30,500 for FY 2023-2024. In the coming years, the PEG fund will be utilized to make improvements to improve the broadcast and viewing quality of the Council meetings and public information.

Community Development Corporation Fund (CDC) The CDC is supported by a .25 cent sales tax and is utilized to support parks and recreation improvements and programs in the Town of Little Elm. The CDC typically covers the debt service for portions of parks projects completed in previous years, such as Little Elm Park improvements, Beard Park improvements, and improvements at The Rec at The Lakefront and the Cove at the Lakefront. It has also been a critical funding source for many trail and lighting projects. In the coming budget, the major expenses of the CDC are as follows: • •

On-going Operational Expenditures o Lightning Detection System: $8,000 o Miscellaneous Park Projects: $50,000 FY 2023-2024 One-Time Expenses o Sports Complex Improvements: $78,000 o Splash Pad Chemical Monitor: $5,000 o Park Master Plan Phase II: $50,000 o Beard Park Log Cabin Maintenance and Musical Instrument Replacement: $49,500 o Dog Park Playground Pavilion Addition: $40,000 o Beach Shower Replacement: $11,000 o Marion Storage and Trash Receptacle Upgrade: $28,000 o Parks Vehicle and Equipment: $74,000 o Broadband at Little Elm Park: $200,000

TIRZ #3, Lakefront Tax Increment Reinvestment Zone The TIRZ for The Lakefront District was established a few years ago to benefit and enhance the development of this unique area in Little Elm. The Town, EDC, CDC, and Denton County all participate in this TIRZ with the contribution of revenues earmarked for improvements in this area.

The funding supporting the TIRZ is based on the incremental increase of property taxes and sales taxes generated within the boundaries of the TIRZ. There was very little revenue for the first couple of years, but now that many new projects have occurred in the Lakefront District, revenue sufficient to begin going towards improvements is beginning to be generated. The following are the items funded out of the TIRZ #3 Budget in FY 2023-2024: •

On-going Operational Expenditures o Programming for The Lawn: $15,000 o Influencers: $30,000

Town of Little Elm 31

30

FY 2023 - 2024 Adopted Budget

o Little Elm Park Seasonal Security: $50,000 o Maintain Lakefront Building Lights: $15,300 o Professional Services Property Tax Collection Analysis and Reporting: $15,000 o Efrog Shuttle Services $17,400 o Marketing: $117,580 o Seasonal Banners: $15,000 o Beach Sand: $30,000 o Chamber Concert Series Sponsorship: $25,000 o July Jubilee Sponsorship: $50,000 o Transfer to General Fund for Marketing Administration: $100,000 FY 2023-2024 One-Time Expenses o Economic Development Incentives: $235,000 o Placemaking Art: $30,000 o Ticket Booth for Special Events: $85,920

•

Debt The purpose of this fund is to record property taxes levied and collected to pay annual principal and interest payments on debt obligations with a legally binding pledge to repay with a commitment of a yearly tax levy against property values certified by the Denton County Appraisal District. This year, it is anticipated to utilize the I&S rate to retire early. Approximately $1,000,000 of the Certificates of Obligations, Series 2013A, will save the Town about $291,000 of interest over the life of the debt. We anticipate paying off all maturities from 2028-2033 and a portion of the 2027 maturity. This will allow for future capacity within the current tax rate and reduce the Town’s overall debt burden. The following is a list of all debt obligations: Bond Maturity Callable Total Outstanding P&I Due FY Series Date Date 2023-2024 9/30/2023 Obligation Principal Interest PRIMARY GOVERNMENT 2012A General Obligation Refunding Bonds - $2.735M 8/1/2027 8/1/2022 825,000 43,472 868,472 217,243 2013 Certificates of Obligations - $6M (CDC) 8/1/2033 8/1/2023 3,415,000 662,850 4,077,850 405,175 2013A Certificates of Obligations -$3M 8/1/2033 8/1/2023 1,765,000 389,850 2,154,850 214,175 2014 General Obligations Refunding - $4.550M 8/1/2029 8/1/2024 910,000 125,975 1,035,975 173,550 2015 Certificates of Obligations - $9.655M 2/1/2036 2/1/2025 6,825,000 1,480,581 8,305,581 637,588 2016 General Obligations Refunding - $6.725M 8/1/2027 8/1/2025 2,520,000 118,475 2,638,475 745,869 2018 Certificates of Obligations - $15.460M 2/1/2038 2/1/2028 10,425,000 2,964,984 13,389,984 893,856 2019 General Obligations Refunding - $7.230M 8/1/2029 4,825,000 530,000 5,355,000 877,000 2019 Certificiates of Obligations - $6.640M 2/1/2039 2/1/2028 5,645,000 1,611,775 7,256,775 453,425 2020 General Obligations Refunding - $5.725M 8/1/2030 3,930,000 171,774 4,101,774 582,444 2020 Certificates of Obligations - $4.085M 8/1/2040 8/1/2029 3,580,000 723,550 4,303,550 252,650 2021 Certificates of Obligations - $15M 8/1/2041 8/1/2030 12,625,000 3,584,613 16,209,613 896,119 2022 Certificates of Obligations - $10M 8/1/2042 8,450,000 3,854,850 12,304,850 648,775 TOTAL DEBT FOR PRIMARY GOVERNMENT (TAX SUPPORTED) $ 65,740,000 $ 16,262,749 $ 82,002,749 $ 6,997,869 SELF-SUPPORTING DEBT OF THE UTILITY 2012 General Obligation Refunding Bonds - $6.985M 2012 Certificate of Obligations - $6.0M 2013 General Obligation Refunding Bonds - $3.040M 2014 General Obligations Refunding - $4.550M 2016 Certificate of Obligations - $7.640M 2017 Certificate of Obligations - $11.830M 2017 General Obligations - $13.645M 2021 Certificates of Obligations - $9M TOTAL SELF-SUPPORTING DEBT (UTILITY)

TOTAL DEBT OBLIGATIONS

8/1/2024 8/1/2021 $ 8/1/2027 8/1/2022 9/1/2025 9/1/2022 8/1/2029 8/1/2024 8/1/2036 8/1/2025 8/1/2037 8/1/2026 8/1/2034 8/1/2026 8/1/2041 8/1/2030 $

300,000 $ 1,890,000 760,000 1,140,000 5,590,000 8,885,000 10,225,000 7,575,000 36,365,000 $

9,000 $ 110,055 27,013 151,125 1,237,706 2,280,850 2,101,213 2,150,538 8,067,500 $

309,000 $ 309,000 2,000,055 492,476 787,013 250,856 1,291,125 226,825 6,827,706 525,294 11,165,850 800,188 12,326,213 1,121,125 9,725,538 538,606 44,432,500 $ 4,264,370

$ 102,105,000 $ 24,330,249 $

126,435,249 $ 11,262,239

Town of Little Elm 32

31

Conclusion This completes the highlights of the FY 2023-2024 budget and a balanced financial plan through FY 2027-2028. We feel that we have done our best to listen to the directives set forth by the Town Council at the beginning of the budgeting process and met all the needs communicated. The Town of Little Elm staff and department heads have put a tremendous amount of effort into building a budget that is conservative and respectful of the taxpayers’ resources while still addressing the needs and challenges that are presented by the unprecedented growth the community is experiencing. I am proud that this is a document put together by a team who all had the community’s best interests at heart.

Respectfully submitted,

Matt Mueller Town Manager

32

Town of Little Elm 33

FY 2023 - 2024 Adopted Budget

Consolidated Budget Fund Summary

Fiscal Year 2023 - 2024 Town of Little Elm 34

FY 2023 - 2024 Adopted Budget

CONSOLIDATED FUND SUMMARY Fiscal Year 2023 – 2024 Budget

GOVERNMENTAL FUNDS DEBT SERVICE SPECIAL REVENUE FUND FUNDS

GENERAL FUND BEGINNING FUND BALANCE

IMPACT FEE FUNDS

CAPITAL IMPROVEMENT FUNDS

SUBTOTAL

$39,625,303

$1,778,852

$2,631,084

$3,364,598

$31,926,972

$79,326,810

Ad Valorem Taxes

$25,582,466

$9,872,576

$906,252

$-

$-

$36,361,294

Sales and Use Taxes

6,934,860

-

1,958,793

-

-

8,893,653

Franchise and Other Taxes

2,370,000

-

243,219

-

-

2,613,219

835,000

-

-

-

-

835,000

-

-

-

130,000

-

130,000

Licenses, Permits & Fees

3,384,076

-

-

-

200,000

3,584,076

Charges for Services

7,026,000

-

1,022,750

-

-

8,048,750

Intergovernmental

7,074,110

111,073

1,046,974

-

12,966,024

21,198,181

Interest Earnings

1,090,000

100,000

176,000

55,000

250,000

1,671,000

-

-

-

-

-

-

Miscellaneous

175,000

-

54,013

500,000

729,013

Transfers In

2,362,528

-

250,000

-

1,050,000

3,662,528

TOTAL REVENUES

$56,834,040

$10,083,649

$5,658,001

$185,000

$14,966,024

$87,726,714

TOTAL FUNDS AVAILABLE

$96,459,343

$11,862,501

$8,289,085

$3,549,598

$46,892,996

$167,053,524

General Government

$7,965,103

$15,000

$711,200

$-

$-

$8,691,303

Public Safety

30,728,845

-

1,108,024

-

5,478,900

37,315,769

Community Services

4,381,384

-

-

-

-

4,381,384

Public Works

4,174,006

-

2,668,000

700,000

12,826,024

20,368,030

Culture and Recreation

REVENUES

Fines and Forfeitures Impact Fees

Debt Proceeds

EXPENDITURES

9,534,921

-

22,000

-

6,689,279

16,246,200

Utilities

-

-

614,415

-

-

614,415

Debt Service

-

10,500,369

-

-

-

10,500,369

Transfers Out

3,492,183

-

215,076

1,050,000

-

4,757,259

TOTAL EXPENDITURES

$60,276,442

$10,515,369

$5,338,715

$1,750,000

$24,994,203

$102,874,729

NET INCOME/(LOSS)

$(3,442,402)

$(431,720)

$319,286

$(1,565,000)

$(10,028,179)

$(15,148,016)

ENDING FUND BALANCE

$36,182,901

$1,347,132

$2,950,370

$1,799,598

$21,898,793

$64,178,794

Town of Little Elm 35

FY 2023 - 2024 Adopted Budget

CONSOLIDATED FUND SUMMARY Fiscal Year 2023 - 2024 Budget

ENTERPRISE FUNDS UTILITY FUNDS BEGINNING FUND BALANCE

INTERNAL SERVICE FUND

COMPONENT UNIT

CONSOLIDATED FUNDS

REPLACEMENT FUNDS

COMMUNITY DEVELOPMENT CORPORATION

TOTAL TOWN WIDE BUDGET

CAPITAL IMPROVEMENT FUNDS

IMPACT FEE FUNDS

$23,980,467

$5,903,529

$9,094,060

$5,336,433

$1,332,137

$124,973,437

Ad Valorem Taxes

$-

$-

$-

$-

$-

$36,361,294

Sales and Use Taxes

-

-

-

-

1,749,465

10,643,118

246,425

-

-

-

-

2,859,643

Fines and Forfeitures

-

-

-

-

-

835,000

Impact Fees

-

250,000

-

-

-

380,000

Licenses, Permits & Fees

4,318,662

-

-

-

-

7,902,738

Charges for Services

22,409,160

-

-

-

-

30,457,910

Intergovernmental

-

-

333,696

-

-

21,531,877

960,000

30,000

100,000

62,000

60,000

2,883,000

Debt Proceeds

-

-

15,500,000

Miscellaneous

15,000

-

-

-

-

744,013

-

-

7,481,016

3,544,759

-

14,688,303

TOTAL REVENUES

$27,949,248

$280,000

$23,414,712

$3,606,759

$1,809,465

$144,786,897

TOTAL FUNDS AVAILABLE

$51,929,715

$6,183,529

$32,508,772

$8,943,192

$3,141,602

$269,760,334

General Government

$-

$-

$-

$35,000

$-

$8,726,303

Public Safety

-

-

-

2,534,668

-

39,850,437

Community Services

-

-

-

40,110

-

4,421,494

Public Works

-

-

-

103,285

-

20,471,315

Culture and Recreation

-

-

-

372,500

603,700

17,222,400

Utilities

20,146,885

-

6,665,567

-

-

27,426,867

Debt Service

1,776,870

-

-

-

-

12,277,239

Transfers Out

9,105,134

760,910

-

-

65,000

14,688,303

TOTAL EXPENDITURES

$31,028,889

$760,910

$6,665,567

$3,085,563

$668,700

$145,084,358

NET INCOME/(LOSS)

$(3,079,642)

$(480,910)

$16,749,145

$521,196

$1,140,765

$(297,461)

ENDING FUND BALANCE

$20,900,826

$5,422,619

$25,843,205

$5,857,629

$2,472,902

$124,675,976

REVENUES

Franchise and Other Taxes

Interest Earnings

Transfers In

15,500,000

EXPENDITURES

Town of Little Elm 36

FY 2023 - 2024 Adopted Budget

GENERAL FUND Fiscal Year 2023 - 2024 Budget

The General Fund is the fund that houses the basic services of municipal government. These services include Police, Fire, Streets, Public Works, Development Services, Engineering, Building Inspections, Parks Maintenance, Senior Center, Library, and General Governmental Administration.

General Government Departments Town Council Town Manager Finance Department Information Technology Town Attorney Marketing & Communications Non-Departmental Total General Government

Budget $299,538 2,355,232 2,367,480 2,377,499 340,000 223,854 1,500 $7,965,103

Public Safety Departments Municipal Court

Budget $748,918

Animal Services

513,566

Police Department

16,883,037

Fire Department

12,583,324

Total Public Safety

$30,728,845

Town of Little Elm 37

FY 2023 - 2024 Adopted Budget

Community Services Departments Development Services Engineering Building Inspection / Code Total Community Services

Budget $1,106,566 1,326,208 1,948,610 $4,381,384

Public Works Departments Facility Maintenance Fleet Services Streets Department Total Public Works

Budget $1,284,708 694,197 2,195,101 4,174,006

Culture & Recreation Departments Library Park Maintenance Park Senior Program Administration

$1,043,789 2,576,658 248,760 20,000

Total Culture & Recreation Public Works $4,174,006 8%

Budget

Transfers $3,490,783 6%

Culture and Recreation $3,889,207 7%

$3,889,207 General Government $7,965,103 15%

Development Services $4,381,384 8%

Public Safety $30,728,845 56%

Town of Little Elm 38

FY 2023 - 2024 Adopted Budget

GENERAL FUND SUMMARY

Estimated Budget FY 2023

Adopted Budget FY 2024

FY 2025

FY 2026

FY 2027

FY 2028

$29,259,887 $36,826,416

$36,826,416

$36,818,453

$33,726,665

$32,171,566

$28,260,352

$21,868,910

$23,713,372 $22,139,362

$25,176,284

$25,582,466

$26,314,199

$25,868,650

$25,231,653

$25,238,595

2,075,279

1,869,500

1,789,500

1,734,500

1,709,500

1,629,500

Actual FY 2022 BEGINNING FUND BALANCE

Amended Budget FY 2023

Planning Years

REVENUES Ad Valorem Taxes Charges for Services

2,357,097

Fines and Forfeitures

1,067,074

805,000

793,724

835,000

835,000

835,000

835,000

835,000

Franchise and Other Taxes

2,587,775

2,247,500

2,411,349

2,370,000

2,470,000

2,695,000

2,470,000

2,470,000

91,633

200,000

1,577,307

1,000,000

1,000,000

1,000,000

1,000,000

1,000,000

Interlocal Agreements

7,227,997

7,806,371

7,599,224

7,074,110

6,467,258

6,743,521

6,884,255

7,164,307

License and Permits

4,713,988

3,518,576

3,311,205

3,384,076

2,884,076

2,684,076

2,334,076

2,334,076

Interest

1,951,000

547,896

101,000

459,736

175,000

125,000

125,000

125,000

125,000

Sales and Use Taxes

6,915,552

6,310,933

6,930,427

6,934,860

6,957,039

7,029,939

7,103,568

7,177,934

Transfer In

2,224,333

2,278,802

2,279,607

2,312,528

2,409,424

2,426,015

2,434,684

2,483,000

TOTAL REVENUES

$51,446,717 $47,358,544

$52,614,141

$51,537,540

$51,251,495

$51,141,701

$50,127,736

$50,457,412

TOTAL FUNDS AVAILABLE

$80,706,604 $84,184,960

$89,440,557

$88,355,993

$84,980,009

$83,315,115

$78,389,936

$72,328,170

$5,639,988

$7,961,179

$7,965,103

$7,443,809

$7,656,121

$8,111,054

$7,927,349

Miscellaneous

EXPENDITURES General Government

$8,093,586

Community Services

3,403,674

4,412,731

3,586,047

4,381,384

4,489,307

4,307,864

4,294,460

4,425,392

Public Safety

25,034,534

28,381,670

27,570,550

30,728,845

30,481,079

32,481,696

33,182,403

34,534,017

Culture and Recreation

2,795,377

3,104,759

3,089,996

3,889,207

3,522,506

3,612,008

3,721,251

3,758,209

Public Works

2,860,026

3,625,934

3,515,210

4,174,006

3,852,472

3,967,387

4,118,499

4,117,807

TOTAL EXPENDITURES

$39,733,599 $47,618,680

$45,722,982

$51,145,935

$49,789,173

$52,025,076

$53,427,667

$54,764,252

Transfers Out

$4,146,588

$6,899,122

$6,899,122

$3,490,783

$3,017,422

$3,027,839

$3,091,511

$3,098,284

$43,880,187 $54,517,802

$52,622,104

$54,629,328

$52,806,595

$55,052,915

$56,519,178

$57,861,058

NET INCOME/(LOSS)

$7,566,530 $(7,159,258)

$(7,963)

$(3,091,788) $(1,555,100) $(3,911,214) $(6,391,442)

$(7,403,646)

ENDING FUND BALANCE

$36,826,416 $29,667,158

$36,818,453

$33,726,665

$32,171,566

$28,260,352

$21,868,910

$14,465,264

69.97%

61.74%

60.92%

51.33%

38.69%

25.00%

TOTAL EXPENDITURES INCL. TRANSFERS

COMMITTED RESERVES

83.92%

54.42%

Town of Little Elm 39

FY 2023 - 2024 Adopted Budget

GENERAL FUND REVENUE Fiscal Year 2023 - 2024 Budget General Fund revenue is made up of several categories of revenue from across multiple Town departments. These include: • Ad Valorem (Property) Taxes – Property Taxes are based on the appraised values provided by Denton County Central Appraisal District.

• Sales and Use Tax – Of the two percent sales tax on taxable sales within the Town, one cent is recorded as revenue in the General Fund.

• Franchise Fees – Includes fees assessed for private use of public property.

• Fines and Forfeiture – Includes all court fines and fees, and contractor and constructions fees, and other Town fees.

• Licenses and Permits – Includes permits and licenses required by the Town for homes and businesses.

• Charges for Service – Includes all revenues collected for services provided through the departments funded through the General Fund.

• Intergovernmental – Activities of two or more governments providing assistance for a program.

• Other – Transfers in and other items not covered above.

Interest Earnings $1,000,000

Other $2,487,528

Intergovernmental $7,074,110

Charges for Services $1,869,500 Ad Valorem Taxes $25,582,466

Licenses, Permits & Fees $3,384,076 Fines and Forfeitures $835,000 Franchise and Other Taxes $2,370,000

Sales and Use Taxes $6,934,860

Town of Little Elm 40

FY 2023 - 2024 Adopted Budget

GENERAL FUND REVENUE SUMMARY Actual Description AD VALOREM TAXES Ad Valorem - Current Contra Property Tax (TIRZ/ MMD) Penalty and Interest Earnings on Delinquent Ad Valorem - Prior Year Ad Valorem - Prior Year Contra Vehicle Inventory Tax

FY 2022

Amended Budget FY 2023

Estimated Budget FY 2023

Adopted Budget FY 2024

Planning Years FY 2025

FY 2026

FY 2027

FY 2028

$26,600,398 $26,343,296 $30,134,510 $31,530,120 $33,054,115 $33,853,400 $34,439,826 $35,146,768 (3,076,095)

(4,281,934)

(5,376,849) (6,088,654)

(6,880,916) (8,125,750)

(9,349,173) (10,049,173)

69,606 117,205 (1,739)

50,000 25,000 0

64,008 339,617 0

60,000 75,000 0

60,000 75,000 0

60,000 75,000 0

60,000 75,000 0

60,000 75,000 0

3,997

3,000

14,999

6,000

6,000

6,000

6,000

6,000

Total Ad Valorem Tax

$23,713,372 $22,139,362 $25,176,284 $25,582,466 $26,314,199 $25,868,650 $25,231,653 $25,238,595

SALES AND USE TAX Town Sales Tax Contra Sales Tax Mixed Drink Tax Total Sales and Use Tax

$7,066,331 (268,382) 117,603 $6,915,552

$6,675,933 (450,000) 85,000 $6,310,933

$7,146,263 $7,217,860 (335,478) (400,000) 119,642 117,000 $6,930,427 $6,934,860

$7,290,039 $7,362,939 (450,000) (450,000) 117,000 117,000 $6,957,039 $7,029,939

$7,436,568 (450,000) 117,000 $7,103,568

$7,510,934 (450,000) 117,000 $7,177,934

FRANCHISE FEES Franchise Fee - Electric Franchise Fee - Gas Franchise Fee - Cable Franchise Fee - Telephone Franchise Fee - Cell Nodes TOTAL Franchise Fees

$2,166,964 286,706 99,927 28,678 5,500 $2,587,775

$1,900,000 225,000 90,000 27,500 5,000 $2,247,500

$1,975,267 $2,000,000 369,797 300,000 41,061 45,000 25,223 25,000 0 0 $2,411,349 $2,370,000

$2,100,000 $2,100,000 300,000 300,000 45,000 45,000 25,000 250,000 0 0 $2,470,000 $2,695,000

$2,100,000 300,000 45,000 25,000 0 $2,470,000

$2,100,000 300,000 45,000 25,000 0 $2,470,000

FINES AND FORFEITURES Municipal Court Fines Court Credit Card Fees TOTAL FINES AND FORFEITURES

$1,032,165 33,107 $1,065,272

$775,000 30,000 $805,000

$762,255 31,112 $793,367

$805,000 30,000 $835,000

$805,000 30,000 $835,000

$805,000 30,000 $835,000

$805,000 30,000 $835,000

$805,000 30,000 $835,000

$225,351

$225,000

$224,595

$225,000

$225,000

$225,000

$225,000

$225,000

LICENSES AND PERMITS Rental Registrations Mobile Home Park Licenses Annual Permits Certificate of Occupancy Building Permits Plumbing Permits Contractor Regs and Reinspections Other Permits Irrigation Permits Sign Permits Engineering Contractor Registration Alarm Permits Total Licenses and Permits CHARGES FOR SERVICES Infrastructure Inspection Fees Fire Code Inspection Fees Platting Fees Planning and Zoning Fees Plan Review Fees Animal Control Revenue Facility Rentals

$14,076 46,100 8,200 3,889,842 175

$14,076 45,000 7,500 2,800,000 0

$14,076 42,860 4,350 2,720,703 0

$14,076 40,000 5,000 2,800,000 0

$14,076 40,000 5,000 2,300,000 0

$14,076 40,000 5,000 2,100,000 0

$14,076 40,000 5,000 1,750,000 0

$14,076 40,000 5,000 1,750,000 0

195,121 15,225 221,041 16,790

150,000 2,000 200,000 10,000

95,620 7,408 121,812 11,720

100,000 5,000 120,000 10,000

100,000 5,000 120,000 10,000

100,000 5,000 120,000 10,000

100,000 5,000 120,000 10,000

100,000 5,000 120,000 10,000

3,800 78,267 $4,713,988

0 65,000 $3,518,576

0 0 65,000 65,000 $2,884,076 $2,684,076

0 65,000 $2,334,076

0 65,000 $2,334,076

$156,057 21,191 55,799 8,250 625,335 26,074 0

$75,000 15,000 45,000 6,000 475,000 25,000 0

$75,000 15,000 15,000 5,000 275,000 20,000 0

$75,000 15,000 10,000 5,000 200,000 20,000 0

3,000 0 65,061 65,000 $3,311,205 $3,384,076

$271,616 15,672 28,028 6,050 418,802 20,165 0

$100,000 15,000 30,000 5,000 400,000 20,000 0

Town of Little Elm 41

$75,000 15,000 25,000 5,000 350,000 20,000 0

$75,000 15,000 20,000 5,000 300,000 20,000 0

FY 2023 - 2024 Adopted Budget

GENERAL FUND REVENUE SUMMARY

Charges for Services Cont.

Senior Travel/Entertainment Funds Cottonwood Creek Marina - Land USE Library Revenue Concession Proceeds Cottonwood Creek Marina - Sales Boat Ramp Fees Park and Wildlife Fees Ambulance/Fire Runs Fire Runs/Collection

Actual

Amended Budget

Estimated Budget

Adopted Budget

FY 2022

FY 2023

FY 2023

FY 2024

FY 2025

FY 2026

FY 2027

FY 2028

Planning Years

$3,551 2,500 9,480 118,527 52,744 69,757 0 1,113,707 40,052

$10,000 10,000 7,500 100,000 50,000 80,000 0 1,000,000 22,500

$234 10,000 9,771 75,896 49,411 29,597 0 1,044,280 37,449

$5,000 10,000 9,500 100,000 50,000 35,000 0 1,000,000 35,000

$5,000 10,000 9,500 100,000 50,000 35,000 0 1,000,000 35,000

$5,000 10,000 9,500 100,000 50,000 35,000 0 1,000,000 35,000

$5,000 10,000 9,500 100,000 50,000 35,000 0 1,000,000 40,000

$5,000 10,000 9,500 100,000 50,000 35,000 0 1,000,000 40,000

24,074 30,000 $2,357,097

0 30,000 $1,951,000

27,659 30,000 $2,074,629

25,000 30,000 $1,869,500

25,000 30,000 $1,789,500

25,000 30,000 $1,734,500

25,000 30,000 $1,709,500

25,000 30,000 $1,629,500

INTERGOVENMENTAL REVENUE Library Qtr Pledge Denton County Fire Services Pledge Denton County Ambulance Pledge Denton County DCFWS-Police Service Agreement

$47,600 184,850 72,422 665,072

$47,600 115,000 72,500 695,319

$43,800 81,750 64,126 728,283

$43,800 85,000 64,126 789,874

$43,800 85,000 64,126 808,714

$43,800 85,000 64,126 847,337

$43,800 85,000 64,126 867,613

$43,800 85,000 64,126 909,181

Contract: Lakewood Village-Fire/EMS

46,000

46,000

46,000

46,000

46,000

46,000

46,000

46,000

Contract: City of Hackberry-PD Paloma Creek Police Services Other Grants/Reimbursements SRO Contracts - LEISD, DISD Mutual Aid Reimbursements FISD Miller/Roberts DCFWS - Fire Services Reimbursement CRF CARES Act Funding American Recovery Act Funds Crossroads Fire/Police Services Total Intergovernmental Revenue

106,606 1,868,952 0 938,722 0 2,500 194,838 0

117,267 2,590,534 0 1,354,507 0 2,500 338,935 0

117,267 2,135,458 0 1,230,216 0 2,500 332,299 0

125,476 2,561,120 0 1,883,677 0 2,500 386,647 0

128,612 2,618,963 0 1,796,098 0 2,500 398,247 0

135,043 2,737,541 0 1,884,903 0 2,500 410,194 0

138,419 2,799,795 0 1,931,526 0 2,500 418,398 0

145,340 2,927,415 0 2,027,102 0 2,500 426,766 0

1,817,298 452,300 $6,397,160

1,604,706 452,300 $7,437,168

1,891,848 452,300 $7,125,847

622,284 463,608 $7,074,110

0 475,198 $6,467,258

0 487,078 $6,743,521

0 487,078 $6,884,255

0 487,078 $7,164,307

Interest Earnings

$91,633

$200,000

$1,576,693

$1,000,000

$1,000,000

$1,000,000

$1,000,000

$1,000,000

MISCELLANEOUS REVENUE Auction Proceeds Insurance Riembursements Abatement Reimbursements Miscellaneous Revenue Total Miscellaneous Revenue

$5,097 171,073 4,577 363,561 $544,308

$40,000 6,000 55,000 $101,000

$41,202 164,809 0 114,996 $321,008

$50,000 0 125,000 $175,000

$0 0 125,000 $125,000

$0 0 125,000 $125,000

$0 0 125,000 $125,000

$0 0 125,000 $125,000

TRANSFERS Transfer from Water Utility Fund Transfer from Solid Waste Fund Transfer from CDC Transfer from Other Funds Total Transfers

$1,924,506 175,000 15,000 109,827 $2,224,333

$1,959,802 175,000 15,000 129,000 $2,278,802

$1,959,802 175,000 15,000 129,805 $2,279,607

$1,985,028 200,000 15,000 112,500 $2,312,528

$2,081,924 200,000 15,000 112,500 $2,409,424

$2,098,515 200,000 15,000 112,500 $2,426,015

$2,107,184 200,000 15,000 112,500 $2,434,684

$2,155,500 200,000 15,000 112,500 $2,483,000

Credit Card Fees Transfer from LEEDC Total Charges for Services

TOTAL REVENUE

$50,610,490 $46,989,341 $52,000,416 $51,537,540 $51,251,495 $51,141,701 $50,127,736 $50,457,412

Town of Little Elm 42

FY 2023 - 2024 Adopted Budget

PARKS AND RECREATION FUND Fiscal Year 2023 - 2024 Budget

This fund is the fiscal and accounting entity used to record financial transactions and balances related to the operation of the Town’s recreation programs. The Fund has four divisions – Aquatic Facility, Recreation Programming, Special Events and Athletics.

Special events include July Jubilee, Brew and Que, AutumnFest and more. The two-story recreation center spans over 26,000 square feet, and includes elements such as a large state of the art fitness area, full-size gym, recreation classrooms, multi-purpose room, craft room, outdoor terrace, and spacious men’s and women’s locker rooms. The facility offers memberships, group exercise, programs and classes of all types, amenities, and facility rentals.

The Cove at The Lakefront™ aquatic park opened in 2021. The aquatics facility is over 42,000 square feet, with a retractable roof that provides year-round entertainment and activities for all ages. The Cove™ has a FlowRider® Double, a zerodepth splash pad, a large play structure, multiple slides, an activity pool, entertainment areas, party rooms, and cabanas.

Town of Little Elm 43

FY 2023 - 2024 Adopted Budget

PARKS AND RECREATION FUND SUMMARY

Actual FY 2022

Amended Budget FY 2023

Estimated Budget FY 2023

Adopted Budget FY 2024

FY 2025

Planning Years FY 2026 FY 2027

BEGINNING FUND BALANCE

$2,024,650

$2,663,909

$2,663,909

$2,806,850

$2,150,771

$1,956,209

$1,767,621 $1,583,320

REVENUES Events Fees Interest Earnings Transfers In TOTAL REVENUES

$906,689 3,928,603 1,066 50,000 $4,886,358

$1,005,400 3,602,800 20,000 50,000 $4,678,200

$926,724 4,280,346 110,017 50,000 $5,367,088

$812,500 4,344,000 90,000 50,000 $5,296,500

$812,500 4,424,000 92,500 50,000 $5,379,000

$812,500 4,485,375 93,000 50,000 $5,440,875

$812,500 $812,500 4,533,216 4,573,293 93,000 95,000 50,000 50,000 $5,488,716 $5,530,793

TOTAL FUNDS AVAILABLE

$6,911,008

$7,342,109

$8,030,996

$8,103,350

$7,529,771

$7,397,084

$7,256,337 $7,114,113

$921,089 47,497 892,874 2,385,639 $4,247,099

$1,181,708 91,926 1,054,153 2,689,672 $5,017,459

$1,257,755 63,140 1,025,989 2,875,862 $5,222,746

$1,125,080 74,251 1,102,346 3,344,037 $5,645,714

$1,131,187 75,040 1,129,608 2,930,862 $5,266,697

$1,145,071 75,078 1,142,082 2,960,367 $5,322,598

$1,151,571 $1,166,364 75,119 76,957 1,150,642 1,181,766 2,988,820 3,020,247 $5,366,152 $5,445,334

$$-

$$-

$$-

$1,400 $1,400

$1,400 $1,400

$1,400 $1,400

$4,247,099 $166,765

$5,018,859 $316,765

$5,224,146 $316,765

$5,647,114 $305,465

$5,268,097 $305,465

$5,323,998 $305,465

$639,259

$(340,659)

$142,942

$(350,614)

$110,903

$116,877

ENDING FUND BALANCE

$2,497,144

$2,006,485

$2,490,085

$2,150,771

$1,956,209

$1,767,621

COMMITTED RESERVES

58.80%

39.98%

47.66%

38.09%

37.13%

33.20%

FY 2028

EXPENDITURES Special Events Athletic Programs Recreation Programs Aquatic Center TOTAL EXPENDITURES Transfers Out TOTAL TRANSFER TOTAL EXPENDITURES INCL. TRANSFERS RESERVES FOR MAINTENANCE NET INCOME/(LOSS)

Town of Little Elm 44

$1,400 $1,400

$1,400 $1,400

$5,367,552 $5,446,734 $305,465 $305,465 $121,164

$84,059

$1,583,320 $1,361,914 29.50%

25.00%

FY 2023 - 2024 Adopted Budget

DEBT SERVICE FUND Fiscal Year 2023 - 2024 Budget

The purpose of this fund is to record property taxes levied and collected for the purpose of paying annual principal and interest payments on debt obligations with a legally binding pledge to repay with a commitment of an annual tax levy against property values certified by the Denton County Appraisal District.

BOND RATINGS

The Town has utilized two different rating agencies over the years – Standard and Poor’s and Moody’s Investor Services. The AA+ and Aa2 ratings from S&P and Moody’s respectively are considered high investment grade ratings of each agency and reflect the Town’s very strong economy, rapidly growing tax base, and strong financial position due to significant ongoing development while maintaining through conservative budgeting and formal policies, which will attract investors. The chart below reflects ratings since 2008.

Rating Entity

Current Rating

Prior Rating Period

Prior Rating

Standard & Poor’s

AA+

August 2021

AA

Moody’s

Aa2

June 2021

Aa3

Standard & Poor’s

AA

August 2020

AA

Standard & Poor’s

AA

January 2017

AA-

Standard & Poor’s

AA-

June 2013

A+

Moody’s

Aa3

April 2010

A2

Moody’s

A2

December 2008

A3

Standard & Poor’s

A+

November 2008

NR

Town of Little Elm 45

FY 2023 - 2024 Adopted Budget

DEBT SERVICE FUND SUMMARY

Actual FY 2022

Amended Budget FY 2023

Estimated Budget FY 2023

Adopted Budget FY 2024

FY 2025

FY 2026

FY 2027

FY 2028

Planning Years

BEGINNING FUND BALANCE

$877,554

$1,203,902

$1,203,902

$1,778,852

$1,347,132

$1,970,373

$2,345,352

$2,846,405

REVENUES Ad Valorem Taxes Intergovernmental New Debt Issuance Interest Earnings Earnings Transfers In TOTAL REVENUES

$5,783,094 $105,642 13,309 1,157,113 $7,059,157

$7,161,155 $109,973 30,000 $7,301,128

$8,388,556 $9,872,576 109,973 111,073 137,896 100,000 $8,636,425 $10,083,649

$9,450,240 112,183 100,000 $9,662,423

$9,452,305 113,305 100,000 $9,665,610

$9,465,564 114,438 100,000 $9,680,002

$9,487,180 115,583 100,000 $9,702,763

TOTAL FUNDS AVAILABLE

$7,936,711

$8,505,030

$9,840,327 $11,862,501 $11,009,555 $11,635,984 $12,025,354 $12,549,168

EXPENDITURES Principal Cost Interest Earnings Cost Other Debt Services Cost Future Debt Capacity TOTAL EXPENDITURES

$4,670,000 2,058,357 4,452 $6,732,809

$5,715,000 2,316,921 14,000 $8,045,921

$5,750,000 $7,895,000 2,297,475 2,605,369 14,000 15,000 $8,061,475 $10,515,369

$5,080,000 1,944,182 15,000 2,000,000 $9,039,182

$5,245,000 1,780,632 15,000 2,250,000 $9,290,632

$5,040,000 1,623,949 15,000 2,500,000 $9,178,949

$4,630,000 1,449,068 15,000 3,000,000 $9,094,068

NET INCOME/(LOSS) ENDING FUND BALANCE

$326,348 $1,203,902

$(744,793) $459,109

$574,950 $1,778,852

$623,241 $1,970,373

$374,978 $2,345,352

$501,053 $2,846,405

$608,695 $3,455,100

$(431,720) $1,347,132

Town of Little Elm 46

FY 2023 - 2024 Adopted Budget

SPECIAL REVENUE FUND Fiscal Year 2023 - 2024 Budget

This fund was established to collect funds that must be used for a specific project. Special revenue funds provide an extra level of accountability and transparency to insure funding will go toward an intended purpose. Types of subaccounts included in this fund include the Municipal Court Technology, Court Security, Child Safety, Police Training -LEOSE, Fire Training -TCLEOSE, and designated parks and recreation funds collected through grants for specific purpose.

Town of Little Elm 47

FY 2023 - 2024 Adopted Budget

SPECIAL REVENUE FUND SUMMARY

Actual FY 2022

Amended Budget FY 2023

Estimated Budget FY 2023

Adopted Budget FY 2024

Planning Years FY 2025

FY 2026

FY 2027

FY 2028

BEGINNING FUND BALANCE

$418,410

$376,400

$376,400

$377,188

$429,738

$496,988

$564,238

$631,488

REVENUES Rates, Fees and Charges Intergovernmental Funds Interest Earnings TOTAL REVENUES

$62,318 4,882 3,497 $70,697

$76,450 4,600 2,000 $83,050

$55,612 4,160 4,110 $63,882

$54,750 4,100 3,000 $61,850

$54,750 4,100 3,000 $61,850

$54,750 4,100 3,000 $61,850

$54,750 4,100 3,000 $61,850

$54,750 4,100 3,000 $61,850

TOTAL FUNDS AVAILABLE

$489,107

$459,450

$440,282

$439,038

$491,588

$558,838

$626,088

$693,338

EXPENDITURES Municipal Court Public Safety TOTAL EXPENDITURES

$23,510 79,371 $102,880

$46,250 44,490 $90,740

$29,649 21,140 $50,789

$36,250 22,400 $58,650

$36,250 7,700 $43,950

$36,250 7,700 $43,950

$36,250 7,700 $43,950

$36,250 7,700 $43,950

$9,827 $9,827

$7,000 $7,000

$12,305 $12,305

$12,500 $12,500

$12,500 $12,500

$12,500 $12,500

$12,500 $12,500

$12,500 $12,500

TOTAL EXPENDITURES INCL. TRANSFERS

$112,707

$97,740

$63,094

$71,150

$56,450

$56,450

$56,450

$56,450

NET INCOME/(LOSS)

$(42,010)

$(14,690)

$788

$(9,300)

$5,400

$5,400

$5,400

$5,400

ENDING FUND BALANCE

$376,400

$361,710

$377,188

$429,738

$496,988

$564,238

$631,488

$698,738

Transfers Out TOTAL TRANSFER

Town of Little Elm 48

FY 2023 - 2024 Adopted Budget

STREET MAINTENANCE FUND Fiscal Year 2023 - 2024 Budget

The Town voted to continue the 1/4 cent sales tax street maintenance allocation in May 2021. The town issues an annual competitive bid for street maintenance and awards the bid for street repairs based on a comprehensive street maintenance inventory grid maintained by the Town’s engineer. Street Maintenance Project inventory is updated annually by Public Works and the Town Engineer and projects are prioritized and placed out to bid; the bids are value engineered and tailored to the budget resources.

Town of Little Elm 49

FY 2023 - 2024 Adopted Budget

STREET MAINTENANCE FUND SUMMARY

Actual FY 2022

Amended Budget FY 2023

$1,650,068

$1,557,960 $1,557,960

$886,284

$915,749

$953,259

$993,993 $1,043,136

REVENUES Sales Tax Interest Earnings TOTAL REVENUES

$1,766,583 2,935 $1,769,517

$1,668,983 $1,786,566 10,000 81,382 $1,678,983 $1,867,948

$1,804,465 75,000 $1,879,465

$1,822,510 75,000 $1,897,510

$1,840,735 75,000 $1,915,735

$1,859,142 $1,877,734 75,000 75,000 $1,934,142 $1,952,734

TOTAL FUNDS AVAILABLE

$3,419,585

$3,236,943 $3,425,908

$2,765,749

$2,813,259

$2,868,993

$2,928,136 $2,995,869

EXPENDITURES Street Maintenance Captial Outlay TOTAL EXPENDITURES

$1,809,214 52,411 $1,861,626

$1,765,377 $1,774,413 923,264 765,211 $2,688,641 $2,539,624

$1,850,000 $1,850,000

$1,860,000 $1,860,000

$1,875,000 $1,875,000

$1,885,000 $1,900,000 $1,885,000 $1,900,000

NET INCOME/(LOSS)

$(92,108)

$(1,009,658)

$(671,676)

$29,465

$37,510

$40,735

ENDING FUND BALANCE

$1,557,960

$548,302

$886,284

$915,749

$953,259

$993,993

BEGINNING FUND BALANCE

Estimated Budget FY 2023

Adopted Budget FY 2024

Town of Little Elm 50

Planning Years FY 2025

FY 2026

FY 2027

$49,142

FY 2028

$52,734

$1,043,136 $1,095,869

FY 2023 - 2024 Adopted Budget

LANDSCAPE FUND Fiscal Year 2023 - 2024 Budget

This fund was set up by resolution of Council whereby all funds from lease/rental payments received from broadband and cellular providers is set aside for landscape improvements throughout the Town.

Town of Little Elm 51

FY 2023 - 2024 Adopted Budget

LANDSCAPE FUND SUMMARY

Actual FY 2022

Amended Budget FY 2023

Estimated Budget FY 2023

Adopted Budget FY 2024

Planning Years FY 2025

FY 2026

FY 2027

FY 2028

BEGINNING FUND BALANCE

$811,058

$364,594

$364,594

$401,814

$87,827

$129,840

$231,853

$333,866

REVENUES Rates, Fees and Charges Reimbursements Interest Earnings Transfer In TOTAL REVENUES

$232,235 73,838 1,967 441,000 $749,040

$165,000 46,513 7,000 441,000 $659,513

$208,769 66,156 15,295 441,000 $731,220

$ 200,000 44,013 10,000 250,000 $504,013

$200,000 44,013 10,000 450,000 $704,013

$200,000 44,013 10,000 450,000 $704,013

$200,000 44,013 10,000 450,000 $704,013

$200,000 44,013 10,000 450,000 $704,013

TOTAL FUNDS AVAILABLE

$1,560,098

$1,024,107

$1,095,814

$905,827

$791,840

$833,853

$935,866 $1,037,879

EXPENDITURES Streetscape/Landscape TOTAL EXPENDITURES

$1,195,505 $1,195,505

$750,937 $750,937

$694,001 $694,001

$818,000 $818,000

$662,000 $662,000

$602,000 $602,000

$602,000 $602,000

$602,000 $602,000

NET INCOME/(LOSS)

$(446,464)

$(91,424)

$37,220 $(313,987)

$42,013

$102,013

$102,013

$102,013

ENDING FUND BALANCE

$364,594

$273,170

$401,814

$129,840

$231,853

$333,866

$435,879

$87,827

Town of Little Elm 52

FY 2023 - 2024 Adopted Budget

PEG FUND Fiscal Year 2023 - 2024 Budget

Public Access Television is a form of non-commercial mass media where ordinary people can create content television programming which is cablecast through cable TV specialty channels. Public access television was created between 1969 and 1971 by the Federal Communications Commission (FCC). Publicaccess television is often grouped with public, educational, and government access television channels, by the acronym PEG.

Texas Statutes 66.009 Public, Educational, and Governmental access channels: Cable and Video companies doing business in a municipality and holding a state-issued certificate of franchise authority shall provide the municipality with capacity in its communications network to allow public, educational, and governmental PEG access channels for noncommercial programming.

Town of Little Elm 53

FY 2023 - 2024 Adopted Budget

PEG FUND SUMMARY

Actual FY 2022

Amended Budget FY 2023

Estimated Budget FY 2023

Adopted Budget FY 2024

Planning Years FY 2025

FY 2026

FY 2027

FY 2028

BEGINNING FUND BALANCE

$68,946

$18,947

$18,947

$33,232

$33,732

$34,232

$34,732

$35,232

REVENUES Franchise Fees Interest Earnings TOTAL REVENUES

$28,628 41 $28,669

$32,000 300 $32,300

$30,186 742 $30,928

$30,000 500 $30,500

$30,000 500 $30,500

$30,000 500 $30,500

$30,000 500 $30,500

$30,000 500 $30,500

TOTAL FUNDS AVAILABLE

$97,615

$51,247

$49,875

$63,732

$64,232

$64,732

$65,232

$65,732

EXPENDITURES PEG Expenditures TOTAL EXPENDITURES

$2,920 $2,920

$40,000 $40,000

$4,643 $4,643

$30,000 $30,000

$30,000 $30,000

$30,000 $30,000

$30,000 $30,000

$30,000 $30,000

Transfers Out TOTAL TRANSFERS

$75,748 $75,748

$12,000 $12,000

$12,000 $12,000

$$-

$$-

$$-

$$-

$$-

TOTAL EXPENDITURES INCL. TRANSFERS

$78,668

$52,000

$16,643

$30,000

$30,000

$30,000

$30,000

$30,000

NET INCOME/(LOSS)

$(49,999)

$(19,700)

$14,284

$500

$500

$500

$500

$500

ENDING FUND BALANCE

$18,947

$(753)

$33,232

$33,732

$34,232

$34,732

$35,232

$35,732

Town of Little Elm 54

FY 2023 - 2024 Adopted Budget

GRANT FUND Fiscal Year 2023 - 2024 Budget

The fund accounts for proceeds and expenditures relating to the Coronavirus Relief Fund and the American Rescue Plan Act of 2021.

The American Rescue Plan Act of 2021, signed into law March 11, 2021, established the Coronavirus State and Local Fiscal Recovery Funds (“SLFRF”). The Fiscal Recovery Funds are intended to provide support to State, Local, and Tribal governments in responding to the impact of COVID-19 and in their efforts to contain COVID-19 on their communities, residents and businesses. The Fiscal Recovery Funds build on and expand the support provided to these governments over the last year including through the Coronavirus Relief Fund (CRF).

The Town will expend all CRF funding in Fiscal Year 2023 - 2024.

Town of Little Elm 55

FY 2023 - 2024 Adopted Budget

GRANT FUND SUMMARY

Amended Budget FY 2023

Actual FY 2022 BEGINNING FUND BALANCE

Estimated Budget FY 2023

Adopted Budget FY 2024

Planning Years FY 2025

FY 2026

FY 2027

FY 2028

$(1,640)

$0

$0

$0

$0

$0

$0

$0

$(5,076)

$-

$-

$-

$-

$-

$-

$-

REVENUES Grant Proceeds-CARES Act Interest Earnings-CARES Act Grant Proceeds-American Recovery Act Interest Earnings-American Recovery TOTAL REVENUES

-

1,604,706

650

681,288

-

-

-

-

$(5,076)

$1,604,706

$650

$681,288

$-

$-

$-

$-

TOTAL FUNDS AVAILABLE

$(6,716)

$1,604,706

$650

$681,288

$0

$0

$0

$0

EXPENDITURES Professional Services PPE Capital Expenditures Transfer Out TOTAL EXPENDITURES

$(6,716) $(6,716)

$1,604,706 $1,604,706

$650 $650

$681,288 $681,288

$$-

$$-

$$-

$$-

NET INCOME/(LOSS) ENDING FUND BALANCE

$1,640 $0

$$0

$$0

$$0

$$0

$$0

$$0

$$0

Town of Little Elm 56

FY 2023 - 2024 Adopted Budget

SAFER GRANT FUND Fiscal Year 2023 - 2024 Budget

The fund accounts for proceeds and expenditures relating to the Staffing for Adequate Fire and Emergency Reponse (SAFER) Grant awarded to the Town in Fiscal Year 2022 - 2023. The SAFER Grant funds are intended to provide funding directly to fire departments and volunteer firefighter interest organizations to help them increase or maintain the number of trained, “front line” firefighters available in their communities. This grant has been awarded to the Town for three years, ending in December 2025.

Town of Little Elm 57

FY 2023 - 2024 Adopted Budget

SAFER GRANT FUND SUMMARY

BEGINNING FUND BALANCE

Actual

Amended Budget

Estimated Budget

Adopted Budget

FY 2022

FY 2023

FY 2023

FY 2024

Planning Years FY 2025

FY 2026

FY 2027

FY 2028

$-

$-

$-

$-

$-

$-

$-

$-

Interest Earnings

$-

$-

$-

$-

$-

$-

$-

$-

Grant Proceeds

-

957,696

819,141

1,042,874

1,065,609

308,323

-

-

TOTAL REVENUES

$-

$957,696

$819,141

$1,042,874

$1,065,609

$308,323

$-

$-

TOTAL FUNDS AVAILABLE

$-

$957,696

$819,141

$1,042,874

$1,065,609

$308,323

$-

$-

Personnel

$-

$957,696

$819,141

$1,042,874

$1,065,609

$308,323

$-

$-

TOTAL EXPENDITURES

$-

$957,696

$819,141

$1,042,874

$1,065,609

$308,323

$-

$-

NET INCOME/(LOSS)

$-

$-

$-

$-

$-

$-

$-

$-

ENDING FUND BALANCE

$-

$-

$-

$-

$-

$-

$-

$-

REVENUES

EXPENDITURES

Town of Little Elm 58

FY 2023 - 2024 Adopted Budget

HOTEL OCCUPANCY TAX FUND Fiscal Year 2023 - 2024 Budget

This fund accounts for all hotel occupancy taxes collected.

Council amended the Town’s Code of Ordinances May 5, 2020 to include short-term rentals to pay a hotel occupancy tax. The Town’s hotel occupancy tax rate is 7%. These funds are used to directly promote tourism. Examples of uses for this fund include:

• Advertising and promotional programs to attract tourists • Encouragement and promotion of the arts • Signage directing the public to sights and attractions frequently visited by tourists

Town of Little Elm 59

FY 2023 - 2024 Adopted Budget

HOTEL OCCUPANCY TAX FUND SUMMARY

BEGINNING FUND BALANCE

Actual

Amended Budget

Estimated Budget

Adopted Budget

FY 2022

FY 2023

FY 2023

FY 2024

Planning Years FY 2025

FY 2026

FY 2027

FY 2028

$21,841

$23,351

$23,351

$22,864

$229,582

$454,436

$679,290

$904,144

$31,974

$140,677

$30,000

$213,219

$231,354

$231,354

$231,354

$231,354

REVENUES Hotel Tax Interest Earnings

(34)

-

323

500

500

500

500

500

TOTAL REVENUES

$31,940

$140,677

$30,323

$213,719

$231,854

$231,854

$231,854

$231,854

TOTAL FUNDS AVAILABLE

$53,781

$164,028

$53,674

$236,582

$461,436

$686,290

$911,144

$1,135,998

$25,000

$25,000

$25,000

$-

$-

$-

$-

$-

5,430

-

5,810

7,000

7,000

7,000

7,000

7,000

-

-

-

-

-

-

-

-

TOTAL EXPENDITURES

$30,430

$25,000

$30,810

$7,000

$7,000

$7,000

$7,000

$7,000

NET INCOME/(LOSS)

$1,510

$115,677

$(487)

$206,719

$224,854

$224,854

$224,854

$224,854

ENDING FUND BALANCE

$23,351

$139,028

$22,864

$229,582

$454,436

$679,290

$904,144

$1,128,998

EXPENDITURES Marketing Professional Services Transfer Out

Town of Little Elm 60

FY 2023 - 2024 Adopted Budget

DONATION FUND Fiscal Year 2023 - 2024 Budget

The Donation Funds purpose is to account for the donations made by civic organizations, businesses, and citizens for specific uses.

Town of Little Elm 61

FY 2023 - 2024 Adopted Budget

DONATION FUND SUMMARY

BEGINNING FUND BALANCE

Actual

Amended Budget

Estimated Budget

Adopted Budget

FY 2022

FY 2023

FY 2023

FY 2024

Planning Years FY 2025

FY 2026

FY 2027

FY 2028

$51,242

$64,242

$64,242

$73,863

$62,863

$63,363

$63,863

$64,363

Fire Donations

$-

$-

$-

$-

$-

$-

$-

$-

Police Donations

-

-

-

-

-

-

-

-

REVENUES

Senior Center Donations

-

-

-

-

-

-

-

-

Animal Shelter Donations

11,015

1,000

7,204

5,000

5,000

5,000

5,000

5,000

Library Donations

9,975

10,000

16,659

5,000

7,500

7,500

5,000

5,000

Interest Earnings

583

450

486

500

500

500

500

500

TOTAL REVENUES

$21,572

$11,450

$25,849

$10,500

$13,000

$13,000

$10,500

$10,500

TOTAL FUNDS AVAILABLE

$72,814

$75,692

$90,091

$84,363

$75,863

$76,363

$74,363

$74,863

$2,862

$-

$-

$1,500

$-

$-

$-

$-

Police

-

-

-

-

-

-

-

-

Senior Center

-

-

-

-

-

-

-

-

Animal Shelter

2,143

1,000

6,227

5,000

5,000

5,000

5,000

5,000

Library

3,567

6,550

10,000

15,000

7,500

7,500

5,000

5,000

TOTAL EXPENDITURES

$8,572

$7,550

$16,227

$21,500

$12,500

$12,500

$10,000

$10,000

NET INCOME/(LOSS)

$13,000

$3,900

$9,622

$(11,000)

$500

$500

$500

$500

ENDING FUND BALANCE

$64,242

$68,142

$73,863

$62,863

$63,363

$63,863

$64,363

$64,863

EXPENDITURES Fire

Town of Little Elm 62

FY 2023 - 2024 Adopted Budget

STORMWATER DRAINAGE FUND Fiscal Year 2023 - 2024 Budget

A Municipal Drainage Utility System and consequently the Stormwater Drainage Fund was created in November 2011 by Council approval of Ordinance 1087. The Drainage Utility Fund’s purpose is to protect the public health and safety of the Town’s residents from the loss of life and property caused by surface water overflows, surface water stagnation, and pollution arising from on point source runoff with boundaries of the Town of Little Elm.

Town of Little Elm 63

FY 2023 - 2024 Adopted Budget

STORMWATER DRAINAGE FUND SUMMARY

Amended Budget FY 2023

Actual FY 2022 BEGINNING FUND BALANCE

Estimated Budget FY 2023

Adopted Budget FY 2024

Planning Years FY 2025

FY 2026

FY 2027

FY 2028

$1,168,120 $1,300,925 $1,300,925 $1,562,626 $1,713,635 $1,887,625 $2,006,672 $2,193,224

REVENUES Rates, Fees, and Charges

$733,326

$745,285

$745,124

$768,000

$772,000

$775,000

$775,000

$775,000

-

-

-

-

-

-

-

-

Interest Earnings

1,063

10,000

52,142

50,000

50,000

50,000

50,000

50,000

Miscellaneous

55,968

-

-

-

-

-

-

-

TOTAL REVENUES

$790,357

$755,285

$797,266

$818,000

$822,000

$825,000

$825,000

$825,000

Intergovernmental Revenue

TOTAL FUNDS AVAILABLE

$1,958,477 $2,056,210 $2,098,191 $2,380,626 $2,535,635 $2,712,625 $2,831,672 $3,018,224

EXPENDITURES Storm Drainage Operations

$302,568

$512,469

$383,853

$564,415

$520,434

$533,377

$585,872

$619,372

Storm Drainage Capital Projects

337,007

150,000

111,000

50,000

75,000

120,000

-

-

TOTAL EXPENDITURES

$639,575

$662,469

$494,853

$614,415

$595,434

$653,377

$585,872

$619,372

Transfers Out

$17,977

$40,712

$40,712

$52,576

$52,576

$52,576

$52,576

$52,576

TOTAL TRANSFERS

$17,977

$40,712

$40,712

$52,576

$52,576

$52,576

$52,576

$52,576

TOTAL EXPENDITURES INCL. TRANSFERS

$657,552

$703,181

$535,565

$666,991

$648,010

$705,953

$638,448

$671,948

NET INCOME/(LOSS)

$132,805

$52,104

$279,109

$151,009

$173,990

$119,047

$186,552

$153,052

ENDING FUND BALANCE

$1,300,925 $1,353,029 $1,562,626 $1,713,635 $1,887,625 $2,006,672 $2,193,224 $2,346,276

Town of Little Elm 64

FY 2023 - 2024 Adopted Budget

TIRZ NUMBER THREE Fiscal Year 2023 - 2024 Budget

In October 2013, the Town Council of the Town of Little Elm approved Ordinance No. 1175 designating a contiguous geographic area within the Town of Little Elm, as a Tax Increment Reinvestment Zone to known as Reinvestment Zone Number Three.

Town of Little Elm 65

FY 2023 - 2024 Adopted Budget

TAX INCREMENT FINANCING NO. 3 FUND SUMMARY

BEGINNING FUND BALANCE

Actual

Amended Budget

Estimated Budget

Adopted Budget

FY 2022

FY 2023

FY 2023

FY 2024

$1,084,894

$1,016,865 $1,016,865

Planning Years FY 2025

FY 2026

FY 2027

FY 2028

$159,497

$425,377

$812,897

$1,240,751

$1,653,338

REVENUES Ad Valorem Taxes

$443,516

$782,654

$563,900

$906,252

$1,046,522

$1,087,749

$1,070,206

$1,105,006

Sales Taxes

138,089

156,807

152,800

154,328

155,871

157,430

159,004

160,594

2,557

7,000

44,201

36,500

36,500

36,500

36,500

36,500

-

-

-

-

-

-

-

Interest Earnings Other Agencies & Sources

Transfers In TOTAL REVENUES TOTAL FUNDS AVAILABLE

-

-

-

-

-

-

-

-

-

$584,161

$946,461

$760,901

$1,097,080

$1,238,894

$1,281,679

$1,265,710

$1,302,100

$1,963,326 $1,777,766

$1,256,577

$1,664,271

$2,094,575

$2,506,462

$2,955,438

$1,669,055

EXPENDITURES Economic Development Debt

$199,796

$590,067

$368,269

$681,200

$385,280

$385,280

$385,280

$385,280

Service

322,394

-

-

-

316,094

318,544

317,844

319,744

TOTAL EXPENDITURES

$522,190

$590,067

$368,269

$681,200

$701,374

$703,824

$703,124

$705,024

Transfers Out

$130,000

$1,250,000 $1,250,000

$150,000

$150,000

$150,000

$150,000

$150,000

TOTAL TRANSFERS

$130,000

$1,250,000 $1,250,000

$150,000

$150,000

$150,000

$150,000

$150,000

TOTAL EXPENDITURES INCL. TRANSFERS

$652,190

$1,840,067 $1,618,269

$831,200

$851,374

$853,824

$853,124

$855,024

NET INCOME/(LOSS) RESTRICTED RESERVE - DEBT SERVICE

$(68,029)

$(893,606) $(857,368)

$265,880

$387,520

$427,855

$412,586

$447,076

ENDING FUND BALANCE

$816,865

$123,259

$425,377

$812,897

$1,240,751

$1,653,338

$2,100,414

$200,000

$159,497

Town of Little Elm 66

FY 2023 - 2024 Adopted Budget

GOVERNMENTAL IMPACT FEE FUND Fiscal Year 2023 - 2024 Budget

Impact Fees were established to assure the availability of funds for major capital projects needed as a result of development. The laws governing the collection and disbursement of impact fees require separate accounting and reporting of these funds. Additionally, an analysis and update of the fee structure is required every five years. Appropriations from these funds are being utilized to provide supplemental funding for eligible capital improvement projects.

Town of Little Elm 67

FY 2023 - 2024 Adopted Budget

PARK DEVELOPMENT FUND SUMMARY

BEGINNING FUND BALANCE

Actual

Amended Budget

Estimated Budget

Adopted Budget

FY 2022

FY 2023

FY 2023

FY 2024

$977,520

$1,070,300 $1,070,300

Planning Years FY 2025

FY 2026

FY 2027

FY 2028

$1,107,836

$67,836

$77,836

$87,836

$97,836

REVENUES Park Impact Fees

$91,411

$50,000

$2,122

$5,000

$5,000

$5,000

$5,000

$5,000

Interest Earnings

1,369

1,000

35,414

5,000

5,000

5,000

5,000

5,000

-

-

--

$92,780

$51,000

$37,536

$10,000

$10,000

$10,000

$10,000

$10,000

$1,121,300 $1,107,836

$1,117,836

$77,836

$87,836

$97,836

$107,836

Transfers In TOTAL REVENUES TOTAL FUNDS AVAILABLE

$1,070,300

-

-

-

-

TRANSFERS Transfers Out - CIP

$-

$-

$-

$1,050,000

$-

$-

$-

$-

TOTAL EXPENDITURES

$-

$-

$-

$1,050,000

$-

$-

$-

$-

$92,780

$51,000

$37,536 $(1,040,000)

$10,000

$10,000

$10,000

$10,000

$77,836

$87,836

$97,836

$107,836

NET INCOME/(LOSS) ENDING FUND BALANCE

$1,070,300

$1,121,300 $1,107,836

$67,836

Town of Little Elm 68

FY 2023 - 2024 Adopted Budget

ROADYWAY IMPACT FEE FUND SUMMARY

FY 2022

Amended Budget FY 2023

Estimated Budget FY 2023

Adopted Budget FY 2024

FY 2025

FY 2026

FY 2027

BEGINNING FUND BALANCE

$2,631,436

$2,069,818

$2,069,818

$2,256,762

$1,731,762

$1,881,762

$1,986,762 $2,076,762

REVENUES North Roadway Impact Fees South Roadway Impact Fees Interest Earnings Transfers In TOTAL REVENUES

$3,498 472,523 4,011 $480,032

$250,000 20,000 $270,000

$2,122 372,118 83,376 $457,616

$125,000 50,000 $175,000

$100,000 50,000 $150,000

$75,000 30,000 $105,000

TOTAL FUNDS AVAILABLE

$3,111,468

$2,339,818

$2,527,434

$2,431,762

$1,881,762

$1,986,762

TRANSFERS Capital Transfers Out TOTAL EXPENDITURES

$1,041,650 $1,041,650

$205,511 $205,511

$270,672 $270,672

$700,000 $700,000

$$-

$$-

$$-

$$-

NET INCOME/(LOSS)

$(561,618)

$64,489

$186,944

$(525,000)

$150,000

$105,000

$90,000

$80,000

682,320

662,320

696,130

$21,130

46,130

61,130

76,130

91,130

1,387,499

1,471,988

1,560,633

$1,710,633

1,835,633

1,925,633

2,000,633

2,065,633

$2,069,818

$2,134,307

$2,256,762

$1,731,762

$1,881,762

$1,986,762

$2,076,762 $2,156,762

Actual

North Roadway Impact Fee Fund Balance South Roadway Impact Fee Fund Balance ENDING FUND BALANCE

Town of Little Elm 69

Planning Years FY 2028

$60,000 30,000 $90,000

$50,000 30,000 $80,000

$2,076,762 $2,156,762

FY 2023 - 2024 Adopted Budget

Page Intentionally Left Blank

Town of Little Elm 70

FY 2023 - 2024 Adopted Budget

CAPITAL IMPROVEMENT PROJECT FUNDS Fiscal Year 2023 - 2024 Budget

The Capital Improvement Project Fund accounts for the acquisition, construction, or improvement of major capital facilities or projects throughout the Town of Little Elm. This dedicated Fund is used to tract the revenue and expenses during the life of each project. Projects are not necessarily completed during one budget cycle but may be carried over from one budget cycle to the next.

Town of Little Elm 71

FY 2023 - 2024 Adopted Budget

GOVERNMENTAL CAPITAL PROJECT FUND SUMMARY

FY 2022

Amended Budget FY 2023

BEGINNING FUND BALANCE

$29,762,644

$40,240,962 $40,240,962

REVENUES Bond Proceeds Contributions Intergovernmental Interest Earnings Licenses and Permits Other Sources

$10,003,880 1,105,151 3,408,775 148,005 93,521 -

$1,431,417 225,000 740,000 500,000

$1,126,849 321,156 180,000 511,951

$500,000 12,966,024 250,000 200,000 -

$200,000 500,000 -

$150,000 350,000 -

$150,000 250,000 -

$150,000 200,000 -

Transfers In TOTAL REVENUES

3,617,398 $18,376,730

7,005,511 $9,901,928

7,005,711 $9,145,667

1,050,000 $14,966,024

$700,000

$500,000

$400,000

$350,000

TOTAL FUNDS AVAILABLE

$48,139,374

$50,142,890 $49,386,629

$46,892,996 $22,598,793 $19,617,693 $19,717,693

$20,067,693

Actual

EXPENDITURES General Government Public Safety Community Services Public Works-Streets/Signs/ Signals Culture and Recreation Transfers Out

Estimated Budget FY 2023

Adopted Budget FY 2024

Planning Years FY 2025

FY 2026

FY 2027

FY 2028

$31,926,972 $21,898,793 $19,117,693 $19,317,693

$19,717,693

$920,953 613,324 -

$12,572 1,582,250 -

$90,182 1,631,662 -

$5,478,900 -

$2,977,100 -

$-

$-

$-

2,762,982 3,601,153 -

3,759,540 31,874,109 -

5,091,024 10,646,789 -

12,826,024 6,689,279 -

504,000 -

300,000 -

-

-

TOTAL EXPENDITURES

$7,898,412

$37,228,471 $17,459,656

$24,994,203

$3,481,100

$300,000

$-

$-

NET CHANGE/(LOSS)

$10,478,317 $(27,326,543) $(8,313,989) $(10,028,179) $(2,781,100)

$200,000

$400,000

$350,000

ENDING FUND BALANCE

$40,240,962

$21,898,793 $19,117,693 $19,317,693 $19,717,693

$20,067,693

$12,914,419 $31,926,972

Town of Little Elm 72

FY 2023 - 2024 Adopted Budget

UTILITY FUND Fiscal Year 2023 - 2024 Budget

This fund is a business-enterprise fund accounting for the Town’s water and sewer utilities including water distribution, sewer plan operations and treatment, water billing and meter reading. The system is self-supporting with rates and charges determined by an annual rate analysis to determine the adequacy of revenue to support operations, capital improvements and debt commitments.

UTILITY FUND REVENUES Charges for Services 1,191,270 5%

Other 940,000 4%

Fees 485,325 2%

Water Sales $13,379,849 56% Sewer Sales 7,838,041 33%

Town of Little Elm 73

FY 2023 - 2024 Adopted Budget

UTILITY FUND EXPENDITURES Fiscal Year 2023 - 2024 Budget Water Operations $2,432,349 9% Wastewater Collections $952,811 4% Transfers $8,705,134 32%

Wastewater Treatment $2,640,877 10%

Water Administration $1,343,752 5% Utility Billing $913,739 3% Capital Improvement $804,000 3% Debt Service $1,776,870 7%

Water Purchases $7,346,102 27%

The following Departments make up the Utility Fund •

Water Operations - Personnel and water operation expenses

•

Wastewater Collections - Personnel and wastewater operation expenses

•

Wastewater Treatment - Personnel and expenses for the wastewater treatment plant

•

Utility Administration - Personnel who oversee water and wastewater operations

•

Utility Billing - Personnel and operations that oversee the meter billing and collection for water and wastewater services.

Additional Expenditures of the Utility Fund •

Capital Improvement Projects - Water and Wastewater infrastructure

•

Debt Service - Expenditures supporting bond payments for capital improvement projects to support new residential and commercial connections

•

Water Purchases - Water purchased from the North Texas Municipal Water District for distribution by the Town

•

Transfers - Payment in lieu of taxes for services provided by the Town and transfers to CIP for capital projects.

Town of Little Elm 74

FY 2023 - 2024 Adopted Budget

UTILITY FUND SUMMARY

FY 2022

Amended Budget FY 2023

Estimated Budget FY 2023

Adopted Budget FY 2024

FY 2025

FY 2026

FY 2027

FY 2028

BEGINNING FUND BALANCE

$18,707,864

$21,334,175

$21,334,175

$23,980,467

$20,899,319

$21,683,170

$22,542,825

$22,677,381

REVENUES Water Sales Sewer Sales Fees Charges for Service Interest Earnings Miscellaneous Transfers In TOTAL REVENUES

$12,370,136 $7,456,724 $641,707 $1,103,820 $153,334 27,895 0 $21,753,618

$11,647,483 $7,583,638 $463,000 $1,137,310 $225,000 221,498 0 $21,277,929

$12,896,692 7,649,055 558,937 1,158,899 1,434,496 33,317 $23,731,397

$13,379,849 7,838,041 485,325 1,191,270 925,000 15,000 $23,834,485

$14,388,769 7,968,538 480,500 1,249,058 850,000 15,000 $24,951,865

$15,402,189 8,099,035 455,500 1,269,748 850,000 15,000 $26,091,472

$16,498,649 8,190,903 455,500 1,277,425 850,000 15,000 $27,287,477

$17,606,034 8,282,771 435,500 1,310,090 850,000 15,000 $28,499,395

TOTAL FUNDS AVAILABLE

$40,461,482

$42,612,104

$45,065,572

$47,814,953

$45,851,184

$47,774,642

$49,830,302

$51,176,776

Actual

Planning Years

OPERATION EXPENDITURES Water Operations Wastewater Collections Wastewater Treatment Water Administration Utility Billing TOTAL OPERATION EXPENDITURES

$2,028,990 691,861 1,820,374 712,048 757,203

$2,277,041 800,171 1,963,325 1,109,747 1,405,668

$1,957,071 722,506 1,951,340 800,683 1,541,658

$2,432,349 952,811 2,640,877 1,343,752 913,739

$2,260,175 884,034 2,380,184 871,065 803,653

$2,296,523 912,917 2,432,924 900,319 798,514

$2,340,152 939,723 2,531,427 914,991 808,084

$2,493,450 1,003,031 2,604,016 942,703 836,011

$6,010,476

$7,555,952

$6,973,258

$8,283,528

$7,199,111

$7,341,197

$7,534,377

$7,879,211

WATER PURCHASES

$5,486,446

$6,274,356

$6,497,750

$7,346,102

$8,211,193

$9,326,615

$10,951,093

$12,430,858

DEBT SERVICE

4,368,555

4,291,370

4,291,370

1,776,870

5,193,003

4,990,480

4,987,565

4,486,259

157,559

574,000

213,285

804,000

306,000

306,000

350,000

40,000

3,104,271

3,109,442

3,109,442

8,705,134

3,258,707

3,267,525

3,329,886

3,381,928

TOTAL EXPENDITURES

$19,127,306

$21,805,120

$21,085,105

$26,915,634

$24,168,014

$25,231,817

$27,152,921

$28,218,256

NET INCOME/(LOSS)

$2,626,311

$(527,191)

$2,646,292 $(3,081,149)

$783,851

$859,655

$134,556

$281,139

ENDING FUND BALANCE

$21,334,175

$20,806,984

$23,980,467

$20,899,319

$21,683,170

$22,542,825

$22,677,381

$22,958,521

348

415

283

327

326

305

297

4.85

5.59

11.76

4.18

4.52

4.55

5.12

CAPITAL Transfers Out

AMOUNT OVER (UNDER) IN DAYS OPERATING COST 407 Minimum 60 days of working capital Debt Service Reserves

4.88

Town of Little Elm 75

FY 2023 - 2024 Adopted Budget

Page Intentionally Left Blank

Town of Little Elm 76

FY 2023 - 2024 Adopted Budget

SOLID WASTE FUND Fiscal Year 2023 - 2024 Budget

This fund is a business-enterprise fund accounting for the Town’s water and sewer utilities including water distribution, sewer plan operations and treatment, water billing and meter reading. The system is self-supporting with rates and charges determined by an annual rate analysis to determine the adequacy of revenue to support operations, capital improvements and debt commitments.

Town of Little Elm 77

FY 2023 - 2024 Adopted Budget

SOLID WASTE FUND SUMMARY

Actual FY 2022 BEGINNING FUND BALANCE

Amended Budget FY 2023

Estimated Budget FY 2023

Adopted Budget FY 2024

FY 2025

Planning Years FY 2026

FY 2027

FY 2028

$672,663

$903,534

$903,534

$1,006,680

$1,008,187

$833,164

$309,770

$(475,090)

REVENUES Franchise Taxes Service Fees Interest Earnings Other Revenue TOTAL REVENUES

$215,412 3,334,622 1,297 $3,551,331

$211,553 3,909,328 5,000 $4,125,881

$243,985 3,648,949 38,499 $3,931,433

$246,425 3,833,337 35,000 $4,114,762

$251,353 3,917,148 35,000 $4,203,501

$256,380 3,995,491 35,000 $4,286,871

$258,944 4,035,446 35,000 $4,329,390

$260,239 4,055,623 35,000 $4,350,862

TOTAL FUNDS AVAILABLE

$4,223,994

$5,029,415

$4,834,967

$5,121,442

$5,211,688

$5,120,035

$4,639,160

$3,875,771

$43,844 2,602,053 56,109 52,453

$71,909 3,171,318 70,111 150,000

$48,568 3,142,731 70,988 -

$68,559 3,418,011 61,985 164,700

$69,754 3,646,576 62,194 -

$72,430 4,074,197 63,638 -

$73,700 4,375,231 65,319 -

$76,546 4,605,067 67,985 -

$2,754,460

$3,463,338

$3,262,287

$3,713,255

$3,778,524

$4,210,265

$4,514,250

$4,749,598

$175,000

$175,000

$175,000

$200,000

$200,000

$200,000

$200,000

$200,000

391,000 $566,000

391,000 $566,000

391,000 $566,000

200,000 $400,000

400,000 $600,000

400,000 $600,000

400,000 $600,000

400,000 $600,000

$3,320,460

$4,029,338

$3,828,287

$4,113,255

$4,378,524

$4,810,265

$5,114,250

$5,349,598 $(998,736)

OPERATION EXPENDITURES Personnel Services Operations and Maintenance Capital Outlay TOTAL OPERATION EXPENDITURES Transfers Out to General Fund Transfers Out to Streetscape Fund TOTAL TRANSFER TOTAL EXPENDITURES NET INCOME/(LOSS)

$230,871

$96,543

$103,146

$1,507

$(175,023)

$(523,394)

$(784,860)

ENDING FUND BALANCE

$903,534

$1,000,077

$1,006,680

$1,008,187

$833,164

$309,770

$(475,090) $(1,473,827)

Town of Little Elm 78

FY 2023 - 2024 Adopted Budget

WATER AND WASTEWATER IMPACT FEE FUND Fiscal Year 2023 - 2024 Budget

Impact Fees were established to assure the availability of funds for major capital projects needed as a result of development. The laws governing the collection and disbursement of impact fees require separate accounting and reporting of these funds. Additionally, an analysis and update of the fee structure is required every five years. Appropriations from these funds are being utilized to provide supplemental funding for eligible capital improvement projects.

Town of Little Elm 79

FY 2023 - 2024 Adopted Budget

WATER IMPACT FEE FUND SUMMARY

FY 2022

Amended Budget FY 2023

Estimated Budget FY 2023

Adopted Budget FY 2024

FY 2025

FY 2026

FY 2027

$2,498,335

$2,878,112

$2,878,112

$3,045,234

$2,464,324

$2,644,324

$2,674,324 $2,704,324

$400,608 (20,831) $379,777

$250,000 $250,000

$183,109 59,012 $242,121

$150,000 30,000 $180,000

$150,000 30,000 $180,000

$30,000 $30,000

$2,878,112

$3,128,112

$3,120,234

$3,225,234

$2,644,324

$2,674,324

$$-

$445,000 $445,000

$75,000 $75,000

$760,910 $760,910

$$-

$$-

$$-

$$-

$379,777

$(195,000)

$167,121

$(580,910)

$180,000

$30,000

$30,000

$30,000

$2,878,112

$2,683,112

$3,045,234

$2,464,324

$2,644,324

$2,674,324

Actual

BEGINNING FUND BALANCE REVENUES Water Impact Fees Interest Earnings TOTAL REVENUES TOTAL FUNDS AVAILABLE TRANSFERS Transfers Out - CIP TOTAL EXPENDITURES NET INCOME/(LOSS) ENDING FUND BALANCE

Town of Little Elm 80

Planning Years FY 2028

$30,000 $30,000

$30,000 $30,000

$2,704,324 $2,734,324

$2,704,324 $2,734,324

FY 2023 - 2024 Adopted Budget

WASTEWATER IMPACT FEE FUND SUMMARY

FY 2022

Amended Budget FY 2023

Estimated Budget FY 2023

Adopted Budget FY 2024

FY 2025

FY 2026

FY 2027

BEGINNING FUND BALANCE

$2,206,085

$2,669,323

$2,669,323

$2,858,295

$2,958,295

$3,058,295

$3,133,295 $3,208,295

REVENUES Waste Water Impact Fees Interest Earnings TOTAL REVENUES

$627,717 (20,279) $607,438

$350,000 $350,000

$207,761 56,211 $263,972

$100,000 $100,000

TOTAL FUNDS AVAILABLE

$2,813,523

$3,019,323

$2,933,295

$2,958,295

$3,058,295

$3,133,295

TRANSFERS Transfers Out TOTAL EXPENDITURES

$144,200 $144,200

$1,326,800 $1,326,800

$75,000 $75,000

$$-

$$-

$$-

Actual

NET INCOME/(LOSS) ENDING FUND BALANCE

Planning Years

$100,000 -

$100,000

$75,000 -

$75,000

$463,238

$(976,800)

$188,972

$100,000

$100,000

$75,000

$2,669,323

$1,692,523

$2,858,295

$2,958,295

$3,058,295

$3,133,295

Town of Little Elm 81

FY 2028

$75,000 -

$75,000

$75,000 -

$75,000

$3,208,295 $3,283,295

$$-

$$-

$75,000

$75,000

$3,208,295 $3,283,295

FY 2023 - 2024 Adopted Budget

Page Intentionally Left Blank

Town of Little Elm 82

FY 2023 - 2024 Adopted Budget

UTILITY CAPITAL IMPROVEMENT PROJECT FUND SUMMARY Fiscal Year 2023 - 2024 Budget

The Capital Improvement Project Fund accounts for the acquisition, construction, or improvement of major capital facilities or projects throughout the Town of Little Elm. This dedicated Fund is used to tract the revenue and expenses during the life of each project. Projects are not necessarily completed during one budget cycle but may be carried over from one budget cycle to the next.

Examples of Utility Capital Projects include the construction and improvement of: • Wastewater Treatment Plant • Water and Sewer Lines • Lift Stations

Town of Little Elm 83

FY 2023 - 2024 Adopted Budget

UTILITY CAPITAL IMPROVEMENT PROJECT FUND SUMMARY

Actual FY 2022 BEGINNING FUND BALANCE REVENUES Bond Proceeds Transfers In Intergovernmental Interest Revenue TOTAL REVENUES TOTAL FUNDS AVAILABLE EXPENDITURES Water Capital Improvement Projects Wastewater Capital Improvement Projects Transfers Out TOTAL EXPENDITURES NET INCOME/(LOSS) ENDING FUND BALANCE

Amended Budget FY 2023

Estimated Budget FY 2023

$12,383,429 $13,329,761 $13,329,761

$1,293,565 6,602 1,300,167

$2,880,241 25,000 2,905,241

Adopted Budget FY 2024

Planning Years FY 2025

FY 2026

FY 2027

FY 2028

$9,094,060 $25,843,205 $15,942,228 $12,211,238 $13,533,940

$- $15,500,000 1,258,441 7,481,016 333,696 104,008 100,000 1,362,449 23,414,712

$1,176,783

$1,169,010

$1,222,702

$1,226,428

100,000 1,276,783

100,000 1,269,010

100,000 1,322,702

100,000 1,326,428

$13,683,596 $16,235,002 $14,692,210 $32,508,772 $27,119,988 $17,211,238 $13,533,940 $14,860,368

$84,277

$1,599,047

$562,915

$1,383,228

$9,113,835

$5,000,000

$-

$-

269,558 8,383,631 5,035,235 5,282,339 2,063,925 $353,836 $9,982,677 $5,598,149 $6,665,567 $11,177,760 $5,000,000 $$946,331 $(7,077,436) $(4,235,700) $16,749,145 $(9,900,977) $(3,730,990) $1,322,702 $1,326,428 $13,329,761 $6,252,324 $9,094,060 $25,843,205 $15,942,228 $12,211,238 $13,533,940 $14,860,368

Town of Little Elm 84

FY 2023 - 2024 Adopted Budget

VEHICLE EQUIPMENT REPLACEMENT FUND Fiscal Year 2023 - 2024 Budget

The Vehicle Equipment Replacement Fund (VERF) operates under the principle that the funds are collected and segregated, over a period of time, to cover the replacement cost of existing vehicles and equipment.

Town of Little Elm 85

FY 2023 - 2024 Adopted Budget

VEHICLE EQUIPMENT REPLACEMENT FUND SUMMARY

FY 2022

Amended Budget FY 2023

Estimated Budget FY 2023

Adopted Budget FY 2024

FY 2025

FY 2026

FY 2027

FY 2028

$3,760,866

$3,489,779

$3,489,779

$4,756,813

$4,728,352

$4,760,674

$3,752,135

$4,049,970

Actual

BEGINNING FUND BALANCE

Planning Years

REVENUES Intergovernmental Transfers Interest Earnings Auction/Insurance Proceeds TOTAL REVENUES

$1,430,671 3,611

$2,973,504 30,000

$2,973,504 118,317

$2,600,434 55,000

$2,619,832 55,000

$2,628,442 55,000

$2,691,123 55,000

$2,700,694 55,000

164,288 $1,598,570

450,000 $3,453,504

276,465 $3,368,287

$2,655,434

$2,674,832

$2,683,442

$2,746,123

$2,755,694

TOTAL FUNDS AVAILABLE

$5,359,436

$6,943,283

$6,858,066

$7,412,247

$7,403,184

$7,444,116

$6,498,258

$6,805,663

EXPENDITURES Contractural Services General Government Community Services Public Safety Culture and Recreation Public Works TOTAL EXPENDITURES

$15,947 31,524 1,424,906 291,815 105,464 $1,869,656

$30,000 35,175 155,144 2,212,063 502,221 174,640 $3,109,243

$31,605 152,259 1,708,850 54,531 154,008 $2,101,253

$35,000 40,110 2,133,000 372,500 103,285 $2,683,895

$40,000 120,330 2,019,222 232,933 230,025 $2,642,510

$40,000 120,330 3,121,275 197,090 213,286 $3,691,981

$40,000 35,175 1,676,868 623,125 73,120 $2,448,288

$40,000 1,670,900 177,225 35,070 $1,923,195

NET INCOME/(LOSS)

$(271,087)

$344,261

$1,267,034

$(28,461)

$32,322

$(1,008,539)

$297,835

$832,499

ENDING FUND BALANCE

$3,489,779

$3,834,040

$4,756,813

$4,728,352

$4,760,674

$3,752,135

$4,049,970

$4,882,468

Town of Little Elm 86

FY 2023 - 2024 Adopted Budget

FIRE EQUIPMENT REPLACEMENT FUND Fiscal Year 2023 - 2024 Budget

The Fire Equipment Replacement Fund (FERF) operates under the principle that the funds are collected and segregated, over a period of time, to cover the replacement cost of existing fire equipment.

Town of Little Elm 87

FY 2023 - 2024 Adopted Budget

FIRE EQUIPMENT REPLACEMENT FUND SUMMARY

Actual FY 2022

Amended Budget FY 2023

Estimated Budget FY 2023

Adopted Budget FY 2024

Planning Years FY 2025

FY 2026

FY 2027

FY 2028

BEGINNING FUND BALANCE

$318,490

$472,548

$472,548

$579,620

$629,277

$637,680

$781,258

$924,488

REVENUES Internal Contributions Interest Earnings TOTAL REVENUES

$213,894 164 $214,058

$262,130 2,000 $264,130

$262,130 6,200 $268,330

$444,325 7,000 $451,325

$453,366 7,500 $460,866

$455,173 7,500 $462,673

$456,164 7,500 $463,664

$453,366 7,500 $460,866

TOTAL FUNDS AVAILABLE

$532,548

$736,678

$740,878

$1,030,945

$1,090,143

$1,100,353

EXPENDITURES Fire Equipment TOTAL EXPENDITURES

$59,999 $59,999

$160,587 $160,587

$161,258 $161,258

$401,668 $401,668

$452,463 $452,463

$319,095 $319,095

$320,434 $320,434

$438,806 $438,806

NET INCOME/(LOSS)

$154,058

$103,543

$107,072

$49,657

$8,403

$143,578

$143,230

$22,060

ENDING FUND BALANCE

$472,548

$576,091

$579,620

$629,277

$637,680

$781,258

$924,488

$946,548

Town of Little Elm 88

$1,244,922 $1,385,354

FY 2023 - 2024 Adopted Budget

FACILITY MAINTENANCE AND REPAIR FUND Fiscal Year 2023 - 2024 Budget

The Facility Maintenace and Repair Fund operates under the principle that the funds are collected and segregated, over a period of time, to cover the replacement and repair cost of existing Town facilities.

Town of Little Elm 89

FY 2023 - 2024 Adopted Budget

FACILITY MAINTENANCE AND REPAIR FUND SUMMARY

BEGINNING FUND BALANCE

Actual

Amended Budget

Estimated Budget

Adopted Budget

FY 2022

FY 2023

FY 2023

FY 2024

Planning Years FY 2025

FY 2026

FY 2027

FY 2028

$-

$-

$-

$-

$500,000

$500,000

$500,000

$500,000

Contributions - Internal Transfer

$-

$-

$-

$500,000

$-

$-

$-

$-

Interest Earnings

-

-

-

-

-

-

-

-

TOTAL REVENUES

$-

$-

$-

$500,000

$-

$-

$-

$-

TOTAL FUNDS AVAILABLE

$-

$-

$-

$500,000

$500,000

$500,000

$500,000

$500,000

Facility Maintenance

$-

$-

$-

$-

$-

$-

$-

$-

TOTAL EXPENDITURES

-

-

-

-

-

-

-

-

NET INCOME/(LOSS)

-

$-

$-

$500,000

$-

$-

$-

$-

ENDING FUND BALANCE

$-

$-

$-

$500,000

$500,000

$500,000

$500,000

$500,000

REVENUES

EXPENDITURES

Town of Little Elm 90

FY 2023 - 2024 Adopted Budget

COMMUNITY DEVELOPMENT CORPORATION FUND Fiscal Year 2023 - 2024 Budget

The Little Elm Community Development Corporation (CDC) is a 4B Corporation established under the Development Corporation Act of 1979. The corporation is tasked with the promotion and development of new or expanded business enterprises, parks, and other community projects. The CDC derives funding from a one-quarter cent sales tax collected in the Town of Little Elm. The CDC was established in October 2007 and has an independent board appointed by Town Council to govern the corporation. The CDC’s focus is the planning and growth of the parks and recreation system by applying the one-quarter cent sales tax towards capital projects that benefit parks and other related projects.

Town of Little Elm 91

FY 2023 - 2024 Adopted Budget

COMMUNITY DEVELOPMENT CORPORATION FUND SUMMARY

FY 2022

Amended Budget FY 2023

BEGINNING FUND BALANCE

$1,236,779

REVENUES Sales and Use Taxes Interest Earnings

Actual

Estimated Budget FY 2023

Adopted Budget FY 2024

Planning Years FY 2025

FY 2026

FY 2027

FY 2028

$2,220,403 $2,220,403 $1,332,137

$2,472,902

$3,330,692

$4,210,858

$5,082,731

$1,727,129 1,117

$1,624,475 $1,742,058 $1,749,465 9,000 63,322 60,000

$1,767,510 60,000

$1,785,735 60,000

$1,804,142 60,000

$1,822,734 60,000

Transfer In TOTAL REVENUES

240,893 $1,969,139

$1,633,475 $1,805,380 $1,809,465

$1,827,510

$1,845,735

$1,864,142

$1,882,734

TOTAL FUNDS AVAILABLE

$3,205,918

$3,853,878 $4,025,783 $3,141,602

$4,300,411

$5,176,427

$6,075,000

$6,965,465

EXPENDITURES Community Services Transfers Out TOTAL EXPENDITURES

$85,796 899,719 $985,515

$603,700 65,000 $668,700

$80,700 889,019 $969,719

$77,200 888,369 $965,569

$95,900 896,369 $992,269

$87,200 889,169 $976,369

NET INCOME/(LOSS)

$983,624 $(1,258,690) $(888,267) $1,140,765

$857,791

$880,166

$871,873

$906,365

$3,330,692

$4,210,858

$5,082,731

$5,989,096

ENDING FUND BALANCE

$2,220,403

-

-

$827,165 $628,647 2,065,000 2,065,000 $2,892,165 $2,693,647

-

$961,713 $1,332,137 $2,472,902

Town of Little Elm 92

-

-

-

-

FY 2023 - 2024 Adopted Budget

DEBT SERVICE OBLIGATION SUMMARY Fiscal Year 2023 - 2024 Budget

This summary represents the governmental and utility system supported debt principal and interest.

Bond Maturity Callable Series Obligation Date Date PRIMARY GOVERNMENT 2012A General Obligation Refunding Bonds - $2.735M 8/1/2027 8/1/2022 2013 Certificates of Obligations - $6M (CDC) 8/1/2033 8/1/2023 2013A Certificates of Obligations -$3M 8/1/2033 8/1/2023 2014 General Obligations Refunding - $4.550M 8/1/2029 8/1/2024 2015 Certificates of Obligations - $9.655M 2/1/2036 2/1/2025 2016 General Obligations Refunding - $6.725M 8/1/2027 8/1/2025 2018 Certificates of Obligations - $15.460M 2/1/2038 2/1/2028 2019 General Obligations Refunding - $7.230M 8/1/2029 2019 Certificiates of Obligations - $6.640M 2/1/2039 2/1/2028 2020 General Obligations Refunding - $5.725M 8/1/2030 2020 Certificates of Obligations - $4.085M 8/1/2040 8/1/2029 2021 Certificates of Obligations - $15M 8/1/2041 8/1/2030 2022 Certificates of Obligations - $10M 8/1/2042 TOTAL DEBT FOR PRIMARY GOVERNMENT (TAX SUPPORTED) SELF-SUPPORTING DEBT OF THE UTILITY 2012 General Obligation Refunding Bonds - $6.985M Certificate of Obligations - $6.0M 2012 2013 General Obligation Refunding Bonds - $3.040M 2014 General Obligations Refunding - $4.550M 2016 Certificate of Obligations - $7.640M 2017 Certificate of Obligations - $11.830M 2017 General Obligations - $13.645M 2021 Certificates of Obligations - $9M TOTAL SELF-SUPPORTING DEBT (UTILITY) TOTAL DEBT OBLIGATIONS

8/1/2024 8/1/2021 8/1/2027 8/1/2022 9/1/2025 9/1/2022 8/1/2029 8/1/2024 8/1/2036 8/1/2025 8/1/2037 8/1/2026 8/1/2034 8/1/2026 8/1/2041 8/1/2030

Total Outstanding P&I Due FY 9/30/2023 2023-2024

Principal

Interest

$825,000 3,415,000 1,765,000 910,000 6,825,000 2,520,000 10,425,000 4,825,000 5,645,000 3,930,000 3,580,000 12,625,000 8,450,000

$43,472 662,850 389,850 125,975 1,480,581 118,475 2,964,984 530,000 1,611,775 171,774 723,550 3,584,613 3,854,850

$868,472 4,077,850 2,154,850 1,035,975 8,305,581 2,638,475 13,389,984 5,355,000 7,256,775 4,101,774 4,303,550 16,209,613 12,304,850

$217,243 405,175 214,175 173,550 637,588 745,869 893,856 877,000 453,425 582,444 252,650 896,119 648,775

$65,740,000

$16,262,749

$82,002,749

$6,997,869

$300,000 1,890,000 760,000 1,140,000 5,590,000 8,885,000 10,225,000 7,575,000 $36,365,000

$9,000 110,055 27,013 151,125 1,237,706 2,280,850 2,101,213 2,150,538 $8,067,500

$309,000 2,000,055 787,013 1,291,125 6,827,706 11,165,850 12,326,213 9,725,538 $44,432,500

$309,000 492,476 250,856 226,825 525,294 800,188 1,121,125 538,606 $4,264,370

$102,105,000

$24,330,249

$126,435,249

$11,262,239

Town of Little Elm 93

FY 2023 - 2024 Adopted Budget

Appendices Fiscal Year 2023 – 2024 Budget

• Budget Planning Calendar • Budget Process • Town-wide Approved Supplements • Capital Improvement Project Planning List • Ordinance No. 1723 - Budget Adoption • Ordinance No. 1724 - Tax Rate Adoption Town of Little Elm 94

FY 2023 - 2024 Adopted Budget FY 2024 Budget Calendar

October 1

TOWN COUNCIL'S BUDGET Council Meeting Presenting Proposed Budget and Proposed Tax Rates / Recorded Vote on Proposed Tax Rate and Public Hearings Council Workshop on the Proposed Budget and Proposed Tax Rates Agenda for Council Meeting: • First Public Hearing on Proposed Budget and Proposed Tax Rates (No Vote Taken) • Approve TIRZ 4,5, and 6 Budgets • Valencia, Hillstone, and Rudman PID Annual Service Plans Second Public Hearing and Vote on Approving Proposed Budget and Tax Rates First day of FY 2024 Budget

May 6

TOWN MANAGER'S BUDGET General Election

July 14

TIRZ 3 Board Meeting

Planning January - February

FY 2024 Adopted Budget Book

August 1 Department's Budget

August 2 - 3

March - June

August 15

Town Manager's Budget

Adopted Budget September

June - August

September 5

Town Council's Budget August - September

February 22 February 23 February 24

DEPARTMENT'S BUDGET Budget Kickoff Meetings Departments Begin Entering FY 2023 Estimates, FY 2028 Budget, and Supplemental Requests into Mbudget Staffing Requests Submitted, Reviewed and Approved by Town Manager

July 25 - 29

March 27

Meetings with Enterprise for future replacements

July 28

May 25

All Mbudget Data Completed by Departments and Submitted to Finance for Review

July 31

June 12

Finance Revenue Projections Complete

August 1

June 26 - 29

Budget Week for Staff and Directors

August 2 - 3

June 22

CIP Budget Meeting with Directors

August 6

August 30

CDC Board Meeting for FY 2024 Budget Approval

Town of Little Elm 95

Finance Calculates FY 2024 Proposed Property Tax Rates Finance Files FY 2024 Proposed Budget with Town Secretary Finance Sends FY 2024 Proposed Budget, Tax Rates, and Public Hearing Information to Marketing for Website Publication Council Meeting Presenting Proposed Budget and Proposed Tax Rates Council Workshop on the Proposed Budget and Proposed Tax Rates Proposed Tax Rates, Public Hearing Dates, and Proposed Budget in Denton Chronicle and on TOLE Website (Tax Code 26.04e)

FY 2023 - 2024 Adopted Budget ADOPTED BUDGET

II.

General Budget Policies The Town of Little Elm, Texas financial policies set forth the basic framework for the fiscal management of the Town. These policies were developed within the parameters established by applicable provisions of the Texas Local Government Code and the Town of Little Elm Town Charter. The policies are to be reviewed on an annual basis and modified to accommodate changing circumstances or conditions.

A. Annual Budget 1. The fiscal year of the Town shall begin on the first day of October each year and shall end on the thirtieth day of September of each year.

2. On or before the fifteenth day of August of each year, the Town Manager shall submit to the Town Council a balanced budget of the revenues of the Town and the expense of conducting the affairs thereof for the ensuing fiscal year. The Town is committed to a balanced operating budget under normal circumstances. Any deviations from a balanced budget are to be presented with full disclosure and justification. Fund Balance (reserves) can be used to balance the budget (see section on Fund Balance). The Budget as submitted by the Town Manager shall be legally adopted for all governmental fund types of the Town by Ordinance.

3. The Town Manager leads the Budget Process with the Mayor and Town Council, Chief Finance Officer, Town Departments, and the public participating during various stages of the budget process. Throughout the process, the Town Manager provides the Town’s Department Heads with policy direction in formulating the budget and discusses areas of concern with Town Council.

4. Role of Department Heads and Directors. Each Department Head and Director is responsible for the effective, efficient, and economical use of all resources made available to his or her department or division. After direction from the Town Manager, all department and division managers are given formal budget packets to complete electronically. Once packets and budgets are submitted electronically to the Finance Department, the Chief Finance Officer and Town Manager reviews the Department baseline requests and will determine whether changes are required based on funds availability and priorities. Interviews with Department Heads and Directors are conducted with the Town Manager and Finance to review budget requests and justifications for new programs or expansion of programs. Department Heads and Directors must present with their budget submissions base budget justifications along with supplemental request explanations for operational expenses as well as requests for additional personnel. These requests are weighed against financial constraints.

5. Town Manager’s Proposed Budget. Once the budget reviews are completed and revisions are made to the requested budget, the result becomes the Town Manager’s proposed budget of programs and services. The Town Manager’s proposed budget is filed with the Town Secretary and distributed to Town Council to set in motion work sessions, public hearings and ultimate approval.

The Town Manager’s proposed budget must be an itemized estimate (by line-item) of the expense of conducting each department, division, office and/or fund. The Town Manager’s proposed budget must be submitted to Town Council with a concise summary of the budget summarizing major changes in priorities or service levels from current years and the factors leading to those changes. Additionally, the Proposed Budget must include: Comprehensive Financial Management Policy Updated July 2020 TOWN OF LITTLE ELM 60

Town of Little Elm 96

FY 2023 - 2024 Adopted Budget ADOPTED BUDGET

a. b. c. d. e. f. g.

Priorities and key issues for the new budget period Major financial factors and trends affecting the budget Significant changes in revenue functions including property taxes Current and future debt obligations Rate changes for Utilities as well as other fees and charges summarized Significant use of or increase in unreserved fund balances.

Provide for financial summary at the Fund level that reflects at least a three-year period, including prior year actual, current year budget and/or estimated current year actual, and proposed budget.

6. Final Budget. The budget for all funds shall be balanced in that the appropriations from each fund shall not exceed the resources available for the fiscal year. These resources include estimated revenues and the unreserved balance in the fund at the beginning of the year. There shall be a least one public hearing on the operating budget prior to adoption of the budget by ordinance. The Town Council can amend the Town Manager’s proposed budget prior to adoption by ordinance. The Budget shall be approved by ordinance prior to the last day of the fiscal year with or without amendment.

7. Tax Levy. The proposed budget shall contain a suggested tax rate to be levied to support the operational plan of expenditures and debt requirements for the ensuing fiscal year. All applicable laws pertaining to the adoption of the tax rate must be complied with including the adherence to the Truth-in-Taxation time table and events as outlined by the State Comptroller in the Truth-in-Taxation Handbook. a. The applied property tax rate will not exceed the no-new-revenue tax rate by more than 3.5% or more commonly referred to as the “voter-approval” tax rate unless public hearings and notices are done in compliance with Property Tax Codes. b. The Town will strive to maintain the percentage of the tax rate allocated to the general fund at a minimum of 65%. Conversely, the allocation of the tax rate for debt purposes will be no more than 35%.

B. Budget Administration 1. All expenses of the Town shall be made in accordance with the adopted annual budget or as legally amended.

2. The legal level of budgetary control is at the fund level. The Town Manager is authorized to transfer budgeted amounts between departments within any fund. Any revision(s) that increases the total expenditures of any fund greater than the original budget must be approved by ordinance of Town Council.

3. Transfers between expenditure accounts (line-items) in one department or division may occur with the approval of the Chief Finance Officer. Transfers between operating departments may occur with the approval of the Town Manager and Chief Finance Officer provided that a department’s total budget is not changed. Transfers between funds must be accomplished by budget amendment approved by ordinance of the Town Council.

However, budgeted operating transfers are authorized within the authority given in the annual budget ordinance.

4. Budget Delivery and Execution. After the budget and tax levy are adopted by Town Council by ordinances, the Finance Department distributes the adopted budget, capital Comprehensive Financial Management Policy Updated July 2020 TOWN OF LITTLE ELM 61

Town of Little Elm 97

FY 2023 - 2024 Adopted Budget ADOPTED BUDGET

outlay schedules and personnel schedules denoting the expenditure and staffing authority that each department has in order to carry out its mission and provide services to the Town. The Finance Department monitors revenues and expenditures through the fiscal year for reportable conditions of major fluctuations in revenues and/or expenditures.

No money shall be drawn from the Town Depository, nor shall any obligation for the expenditure of money be incurred, except in pursuance of appropriations made by the Town Council. At the close of each fiscal year, the unencumbered balance of each appropriation shall revert to the fund from which it was appropriated and shall be subject to future appropriations.

5. Budget Reports. The Finance Department will generate reports to the Town Manager and Departments on a routine basis or upon request. The Finance Department will prepare quarterly budget reports to Town Council identifying and highlighting sources and uses of funds in a summary format with narrative explanations of significant changes and fluctuations.

C. Other Budget Initiatives 1. The Town shall establish and maintain a Capital Reserve Fund to be used to renovate, repair and replace fixed assets of the Town, including public buildings, streets, storm sewers, park facilities and water and wastewater improvements. The Town shall establish and maintain an Equipment Replacement and Reserve Fund to be used to replace movable fixed assets of the Town, including vehicles, off road equipment, and other equipment with an average life of more than three years and valued over $10,000. There shall be established and maintained, within the Capital Reserve Fund and Equipment Replacement and Reserve Fund such accounts as shall be deemed appropriate by the Town Manager as evidenced in the Town’s annual budget. The Capital Reserve Fund and Equipment Replacement and Reserve Fund shall be funded with contributions made from nonrecurring revenues as available and other revenues detailed in the budget submitted to the Town Council by the Town Manager.

2. The Capital Budget or Capital Improvement Plan (CIP) is a separate and distinct process of planning and budgeting but connects to the operating budget for future potential of adding operational expenditures (see section below on Capital Project Expenditures). The annual budget will be developed to fund services of benefit for just one or two years and expenditures with long-term benefits will be put into a Capital Budget which takes a multiyear perspective. The Town Manager will submit as an appendix to the Town’s operational budget a Capital Budget outlining capital improvement projects. The Town’s Capital Improvement Plan is developed as a five-year plan for both Utility and General Governmental purposes.

III.

Revenue Policies 1. The Town will strive to obtain franchise agreements that incorporate a franchise or rental fee with all public utilities (including municipally owned utilities). The fee structure will be similar to other cities in the area and allowed by the Public Utility Commission. In addition the Town will seek the “most favored nations’ clause” in its franchise agreements with public utilities operating within the Town.

2. The Town will strive to maintain revenue diversification in order to improve the ability t o Comprehensive Financial Management Policy Updated July 2020 TOWN OF LITTLE ELM 62

Town of Little Elm 98

FY 2023 - 2024 Adopted Budget

ADOPTED BUDGET

handle fluctuations in individual sources such as property taxes, sales and other taxes. Fees and Charges for services will be reviewed annually to the extent to which they cover the cost of the service being provided.

3. The Town will pursue an aggressive policy of collecting all moneys due to the Town.

4. The Town will continue an aggressive program to reduce the level of delinquent taxes.

The minimum collection rate objective is 98%.

5. The Town will strive to maintain total delinquent taxes outstanding at an aggregate level not to exceed 10% of the current tax levy.

6. Tax exemptions presently allowed by the Town will be monitored to include the Senior Tax Ceiling and the 65 year old and disabled person’s homestead exemption. Additional residential or non-profit property exemptions must be approved by the Town Council.

Comprehensive Financial Management Policy Updated July 2020 TOWN OF LITTLE ELM 63

Town of Little Elm 99

FY 2023 - 2024 Adopted Budget

DISCRETIONARY - ONE TIME EXPENSES FY 2024 FY 2025 FY 2026 GENERAL FUND $ 1,597,610 $ 6,900 $ PARKS AND RECREATION FUND 440,000 LANDSCAPE FUND 216,000 STORMWATER FUND 25,000 WATER-WASTEWATER FUND 684,500 SOLID WASTE FUND 36,680 COMMUNITY DEV CORPORATION 4B 407,868 TOTAL $ 3,407,658 $ 6,900 $ Fund

FY 2027 $ $ -

FY 2028 $ $ -

DISCRETIONARY - RECURRING EXPENSES FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 GENERAL FUND $ 1,690,699 $ 1,177,799 $ 1,295,294 $ 1,456,327 $ 1,442,756 PARKS AND RECREATION FUND 450,488 456,244 462,056 466,330 472,524 STORMWATER FUND 15,000 15,000 15,000 15,000 15,000 TIRZ NO. 3 FUND 71,000 71,000 71,000 71,000 71,000 WATER-WASTEWATER FUND 103,270 72,120 75,620 98,300 81,900 COMMUNITY DEV CORPORATION 4B 45,500 3,000 3,000 18,000 13,000 TOTAL $ 2,375,957 $ 1,795,163 $ 1,921,970 $ 2,124,957 $ 2,096,180 Fund

Fund

GENERAL FUND PARKS AND RECREATION FUND LANDSCAPE FUND STORMWATER FUND WATER-WASTEWATER FUND SOLID WASTE FUND COMMUNITY DEV CORPORATION 4B TOTAL

DISCRETIONARY -TOTAL FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 $ 3,288,309 $ 1,184,699 $ 1,295,294 $ 1,456,327 $ 1,442,756 890,488 456,244 462,056 466,330 472,524 216,000 40,000 15,000 15,000 15,000 15,000 787,770 72,120 75,620 98,300 81,900 36,680 453,368 3,000 3,000 18,000 13,000 $ 5,712,615 $ 1,731,063 $ 1,850,970 $ 2,053,957 $ 2,025,180

Town of Little Elm 100

FY 2023 - 2024 Adopted Budget

NON-DISCRETIONARY - ONE TIME EXPNESES Fund FY 2024 FY 2025 FY 2026 GENERAL FUND $ 235,560 $ $ WATER-WASTEWATER FUND 255,000 VEH AND EQUIP REPLACEMENT FUND 1,434,170 TOTAL $ 1,924,730 $ $ -

FY 2027 FY 2028 $ 20,000 $ $ 20,000 $ -

NON-DISCRETIONARY - RECURRING EXPENSES Fund FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 GENERAL FUND $ 568,224 $ 516,847 $ 534,787 $ 540,722 $ 567,549 PARKS AND RECREATION FUND 52,000 52,000 52,000 52,000 52,200 STORMWATER FUND 52,070 2,100 2,130 2,160 52,180 TIRZ NO. 3 FUND 1,080 1,080 1,080 1,080 1,080 WATER-WASTEWATER FUND 314,230 257,868 256,465 255,206 58,000 SOLID WASTE FUND 14,044 14,626 15,231 15,863 89,673 TOTAL $ 1,001,648 $ 844,521 $ 861,693 $ 867,031 $ 820,682

NON-DISCRETIONARY - TOTAL FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 GENERAL FUND $ 803,784 $ 516,847 $ 534,787 $ 560,722 $ 567,549 PARKS AND RECREATION FUND 52,000 52,000 52,000 52,000 52,200 STORMWATER FUND 52,070 2,100 2,130 2,160 52,180 TIRZ NO. 3 FUND 1,080 1,080 1,080 1,080 1,080 WATER-WASTEWATER FUND 569,230 257,868 256,465 255,206 58,000 SOLID WASTE FUND 14,044 14,626 15,231 15,863 89,673 VEH AND EQUIP REPLACEMENT FUND 1,434,170 TOTAL $ 2,926,378 $ 844,521 $ 861,693 $ 887,031 $ 820,682 Fund

Town of Little Elm 101

FY 2023 - 2024 Adopted Budget

GENERAL FUND PARKS AND RECREATION FUND LANDSCAPE FUND STORMWATER FUND WATER-WASTEWATER FUND SOLID WASTE FUND VEH AND EQUIP REPLACEMENT FUND COMMUNITY DEV CORPORATION 4B TOTAL

TOTAL - ONE TIME EXPENSES FY 2024 FY 2025 FY 2026 $ 1,833,170 $ 6,900 $ 440,000 216,000 25,000 939,500 36,680 1,434,170 407,868 $ 5,332,388 $ 6,900 $ -

Fund GENERAL FUND PARKS AND RECREATION FUND STORMWATER FUND TIRZ NO. 3 FUND WATER-WASTEWATER FUND SOLID WASTE FUND COMMUNITY DEV CORPORATION 4B TOTAL

TOTAL - RECURRING EXPENSES FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 $ 2,258,923 $ 1,694,646 $ 1,830,081 $ 1,997,049 $ 2,010,305 502,488 508,244 514,056 518,330 524,724 67,070 17,100 17,130 17,160 67,180 72,080 72,080 72,080 72,080 72,080 417,500 329,988 332,085 353,506 139,900 14,044 14,626 15,231 15,863 89,673 45,500 3,000 3,000 18,000 13,000 $ 3,377,605 $ 2,639,684 $ 2,783,663 $ 2,991,988 $ 2,916,862

Fund

FY 2027 FY 2028 $ 20,000 $ $ 20,000 $ -

TOTAL - SUPPLEMENTAL REQUESTS FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 GENERAL FUND $ 4,092,093 $ $ $ $ PARKS AND RECREATION FUND 942,488 15,000 15,000 15,000 15,000 LANDSCAPE FUND 216,000 72,120 75,620 98,300 81,900 STORMWATER FUND 92,070 WATER-WASTEWATER FUND 1,357,000 847,521 864,693 905,031 833,682 SOLID WASTE FUND 50,724 1,731,063 1,850,970 2,053,957 2,025,180 COMMUNITY DEV CORPORATION 4B 453,368 VEH AND EQUIP REPLACEMENT FUND 1,434,170 TOTAL $ 8,637,913 $ 2,665,704 $ 2,806,283 $ 3,072,288 $ 2,955,762 Fund

Town of Little Elm 102

FY 2023 - 2024 Adopted Budget ONE TIME FY2027 TOWN COUNCIL REDISTRICT

103 ADMINISTRATIVE SERVICES

-

-

-

20,000

-

225,000

-

-

-

-

ELDORADO MEDIAN UPGRADE HART MEDIAN UPGRADE IMPROVEMENT OF MEDIANS ON ELDORADO BETWEEN 423 AND LITTLE ELM PARKWAY LOBO LANE BED UPGRADE SPECIAL PLANNING STUDY WALKER MEDIAN BEDS UPGRADE

58,000 25,000 55,000 23,000 200,000 55,000

-

-

-

-

ANIMAL CONTROL FACILITY CAMERA ADDITIONS FIRE STATION 2 CAMERA ADDITIONS FIRE STATION 3 CAMERA ADDITIONS WIRELESS POINT-TO-POINT RADIO FOR BOAT DOCK

15,063 26,205 26,205 15,519

-

-

-

-

262,508 43,000 17,084 32,215 55,000 725 18,000 1,500

6,900 -

-

-

-

30,000 30,000 160,000 30,000 40,000 150,000

-

-

-

-

2,460 1,434,170 20,000 3,000

-

-

-

-

104,900 8,955 61,400 24,081

-

-

-

-

6,300 123,000 5,000 18,600

-

-

-

-

10,500 13,500 55,500 100,000 60,000 90,000

-

-

-

-

22,000 35,000 60,000 30,000 68,000 15,000 85,000 5,000 30,000

-

-

-

-

INCREASE IN ERP PROJECT

24 HOUR LIBRARY LOCATED AT FIRE STATION 3 CERTIFIED PUBLIC COMMUNICATOR PROGRAM CHEVROLET 2500 HD 4X2 CREW CAB PICKUP LIBRARY CHILDREN'S AREA RENOVATION OUTDOOR KENNELS PARK FACILITIES CLEANUP PIO TRAINING DENTON COUNTY SOUND PANELS AT PUBLIC SAFETY AND TOWN HALL WHEELCHAIR ACCESSIBLE DESK

108 FINANCE 110 DEVELOPMENT SERVICES

111 INFORMATION TECHNOLOGY

200 CULTURE AND RECREATION

201 RECREATION ACTIVITIES

ADD INCEPTION LIGHTING FOR THE COVE ADDITIONAL PATIO AND MEZZANINE FURNITURE FOR THE COVE ELEVATOR REPAIR/REBUILD AT THE COVE INSTALL A PERMANENT, UPGRADED BAR AREA AT THE COVE PLASTER ACID WASH SERVICES FOR ALL POOLS AT THE COVE RUST REMEDIATION AND PAINTING AT THE COVE 2023-2024 TRAFFIC OFFICER EQUIPMENT INCREASE (2) FY 2023-2024 VEHICLE REPLACEMENT PROGRAM JET SKIS REPLACEMENTS TO 2 (DETECTIVE'S) SURFACE PROS ASST. FIRE MARSHALL - RECLASS QUANTIFIT - SCBA TESTER SCBA RETROFIT UPDATE BOAT LIFT AVERY TJ PRINTER SETUP & FLEXISIGN INSTALLATION DISD - 2 NEW SCHOOLS PER ENGINEERING LIFTGATE FOR PICKUP TRUCK UNIT 5042 U.S. 380 TRAFFIC SIGNAL OPTICOMS FOR PD & FIRE ELDORADO ELEVATED STORAGE ACCESS CONTROL FM 423 ELEVATED STORAGE ACCESS CONTROL MANSELL PUMP STATION ACCESS CONTROL MANSELL TANK REHABILITATION MINI-DUMP TRUCK APPROVED FY23 VALVE EXERCISE TRAILER 360 DEGREE MANHOLE SCANNING TOOL A/C FOR BELT PRESS MCC AERATION BASIN BAFFLE STUDY AND DESIGN LIFT STATION 5 REPLACEMENT PUMP REPLACEMENT PUMP FOR WWTP LIFT STATION REPLACEMENT WASTE ACTIVATED SLUDGE PUMP REPLACEMENT WOODEN FENCE FOR WWTP SEWER LINE LOCATOR REPLACEMENT VALENCIA LIFT STATION PUMP

300 POLICE DEPARTMENT

301 FIRE DEPARTMENT

400 STREETS

401 WATER

402 WASTEWATER

Town of Little Elm 103

FY 2023 - 2024 Adopted Budget

FY 24 SOLID WASTE COLLECTION CONTRACT EVALUATION MOBILE MODULAR DROP SITE KIOSK

403 SOLID WASTE

21,980 14,700

-

-

-

-

5,000 255,000

-

-

-

-

CDL TRAINING ( ONE TIME DEPENDENT ON NEW HIRES) CERTIFIED PUBLIC MANAGER PROGRAM PUBLIC WORKS INSTITUTE OF TEXAS CERTIFICATION (SECOND YEAR OF COURSES) WELDER/GENERATOR REPLACEMENT

1,800 5,500 1,650 8,500

-

-

-

-

DOG PARK CREEKSIDE CLEARING

25,000

-

-

-

-

11,000 35,000 200,000 35,000 40,000 12,000 50,000 5,000 24,000

-

-

-

-

500,000

-

-

-

-

CERTIFIED PUBLIC MANAGER PROGRAM (CPM) TCEQ MANDATED LEAD AND COPPER REVISED RULE

BEACH SHOWER REPLACEMENT BEARD PARK MUSICAL INSTRUMENT REPLACEMENT BROADBAND AT LE PARK COTTONWOOD FENCE REPLACEMENT DOG PARK PLAYGROUND PAVILION ADDITION MARION STORAGE UPGRADE PARKS MASTER PLAN PHASE 2 SPLASH PAD CHEMICAL MONITOR TORO SPRAY MASTER 34240 FACILITY REPLACEMENT/REPAIR PLAN

404 UTILITY SERVICES 405 FLEET MAINTENANCE

406 STORMWATER

800 COM DEV CORP

999 NON-DEPARTMENTAL

Town of Little Elm 104

FY 2023 - 2024 Adopted Budget New Programs ADDITIONAL FUNDS FOR COUNCIL FLOATS ADDITIONAL FUNDS FOR COUNCIL SPECIAL PROJECTS ADDITIONAL FUNDS FOR FOOD AT COUNCIL MEETINGS COUNCIL BREW & QUE TICKETS NORTH TEXAS COMMISSION MEMBERSHIP VETERAN'S BANQUET ADD BENEFITS SOFTWARE BACK INTO BUDGET ADD PART-TIME ASSISTANT TO THE TOWN MANAGER CONSULTING SERVICES FOR 457 RETIREMENT PLAN TML INSURANCE INCREASE VIDEO INTERVIEWING SOFTWARE MUNICIPAL JUSTICE/INCODE SERVICE AND MAINTENANCE FEES PROSECUTOR INCREASE TYLER CONNECT CONFERENCE VIRTUAL COURT SUBSCRIPTION BANK FEE INCREASES DENTON COUNTY APPRAISAL SERVICES MANAGING DIRECTOR OF PROCESS IMPROVEMENT & INNOVATION AERIAL CONTOURS FY 25 COMMUNITY INTEGRITY SPECIALIST MONDAY PROJECT MANAGEMENT MYGOV ADDITIONAL MODULES SMARTSHEET LICENSES TEXAS AMERICAN SOCIETY FOR CIVIL ENGINEERS CONFERENCE TRAFFIC IMPACT ANALYSIS/STUDIES UNIFORMS UNIFORMS ADDITIONAL COSTS - MICROSOFT LICENSING ADDITIONAL MICROSOFT LICENSING ADDITIONAL NETWORK SITES INTRANET LOGIN INTEGRATION PENETRATION TESTING 3CMA CONFERENCE BEACH AMBASSADOR UNIFORMS CHEVROLET 2500 HD 4X2 CREW CAB PICKUP CLEANING CHEMICAL INCREASE EMERGENCY VET SERVICES EMPLOYEE RABIES VACCINATIONS FOOD INCREASE LAKEFRONT TRAIL DRAINAGE LIBRARY BOOKS FOR NEW 24 HOUR LIBRARY KIOSK LIBRARY METROSHARE CONSORTIUM LINKEDIN LEARNING DATABASE MAINTENANCE & OPERATION SUPPLY BUDGET INCREASE PODIO PROJECT MANAGEMENT SYSTEM PROVIDE CONTINUING EDUCATION OPPORTUNITIES FOR STAFF REPLACEMENT PLAN-HVAC SWAG TREE & BEDDING PLANT REPLACEMENT VET SERVICES WELLNESS PORTAL TRACKING PROGRAM

100 TOWN COUNCIL

103 ADMINISTRATIVE SERVICES

107 MUNICIPAL COURT

108 FINANCE

110 DEVELOPMENT SERVICES

111 INFORMATION TECHNOLOGY

200 CULTURE AND RECREATION

201 RECREATION ACTIVITIES

2024 - ENTERTAINMENT - AUTUMNFEST 2024- ENTERTAINMENT - BIG EASY 2024- ENTERTAINMENT - BREW AND QUE 2024- INCREASE IN BEER AND WINE GLASSES - BREW AND QUE 2024- MEXICAN INDEPENDENCE DAY 2024- RACE EXECUTION - BIG EASY 2024- RAIN INSURANCE - BIG EASY 2024- RENTALS- TABLES, CHAIRS, KWIK COVERS - BIG EASY 2024- STAGE PROGRAMMING - BREW AND QUE 2024-CRAWFISH - BIG EASY 2024- RAIN INSURANCE - BREW AND QUE BANK FEE INCREASE BANK FEES - ATHLETICS DINO IN THE PARK ELEVATOR CONTRACT - RECREATION EXPANDED INCENTIVE PROGRAM FOR PART-TIME STAFF AT THE COVE FACILITIES TECH (SAME AS AQUATIC TECH ORIGINAL) FUNDS FOR JUNETEENTH GUINNESS BOOK OF WORLD RECORD- TREE LIGHTING JANITORIAL CONTRACT - RECREATION PREVENTATIVE MAINTENANCE AND SERVICE CONTRACT FOR AUDIO/VISUAL SYSTEM AT THE COVE PREVENTATIVE MAINTENANCE CONTRACT FOR THE FLOWRIDER DOUBLE AT THE COVE

Town of Little Elm 105

1,000 5,000 1,000 3,000 4,390 10,000

1,000 5,000 1,000 3,000 4,390 10,000

1,000 5,000 1,000 3,000 4,390 10,000

1,000 5,000 1,000 3,000 4,390 10,000

1,000 5,000 1,000 3,000 4,390 10,000

25,000 42,449 10,000 65,000 5,000

25,000 44,428 10,000 65,000 5,000

25,000 45,377 10,000 65,000 5,000

25,000 47,484 10,000 65,000 5,000

25,000 48,492 10,000 65,000 5,000

2,684 10,000 1,500 181

2,684 10,000 1,500 181

2,684 10,000 1,500 181

2,684 10,000 1,500 181

2,684 10,000 1,500 181

25,000 55,000 150,000

35,000 60,000 150,000

40,000 65,000 150,000

45,000 65,000 150,000

65,000 150,000

18,000 1,000 18,000 2,600 3,000 20,000 525 1,500

120,119 1,000 18,000 2,600 3,000 20,000 -

18,000 80,813 1,000 18,000 2,600 3,000 20,000 1,500

83,187 1,000 18,000 2,600 3,000 20,000 525 1,500

18,000 87,281 1,000 18,000 2,600 3,000 20,000 1,500

9,303 60,000 11,000 5,323 20,000

9,303 60,000 11,000 1,874 22,000

9,303 60,000 11,000 1,968 24,200

11,024 66,000 11,000 2,067 26,620

11,024 66,000 11,000 2,171 29,282

3,500 2,000 700 5,000 3,400 5,000 65,000 7,500 11,990 7,000 25,000 1,200 1,500 160,000 3,000 30,000 7,000 13,500

3,500 2,000 5,375 800 5,500 4,795 5,000 2,000 7,790 7,000 25,000 1,200 1,500 120,000 3,000 30,000 7,500 13,500

3,500 2,000 5,375 800 6,000 4,795 5,000 2,000 7,790 7,000 25,000 1,250 1,500 125,000 3,500 30,000 8,000 13,500

3,500 2,000 5,375 900 6,500 5,000 5,000 65,000 2,000 7,790 7,000 25,000 1,250 1,500 200,000 3,500 30,000 8,500 13,500

3,500 2,000 5,375 900 7,000 5,000 5,000 2,000 7,790 7,000 25,000 1,300 1,500 160,000 4,000 30,000 8,500 13,500

5,000 20,000 18,500 8,500 14,500 22,000 3,500 4,000 2,500 14,000 4,500 45,000 2,000 40,000 3,500 20,000 69,822 10,000 70,000 35,000 7,000 20,000

5,000 20,000 18,500 8,500 14,500 22,000 3,500 4,000 2,500 14,000 4,500 45,000 2,000 40,000 3,500 20,000 71,678 10,000 70,000 35,000 7,200 23,000

5,000 20,000 18,500 8,500 14,500 22,000 3,500 4,000 2,500 14,000 4,500 45,000 2,000 40,000 3,500 20,000 75,390 10,000 70,000 35,000 7,500 24,000

5,000 20,000 18,500 8,500 14,500 22,000 3,500 4,000 2,500 14,000 4,500 45,000 2,000 40,000 3,500 20,000 77,764 10,000 70,000 35,000 7,700 25,000

5,000 20,000 18,500 8,500 14,500 22,000 3,500 4,000 2,500 14,000 4,500 45,000 2,200 40,000 3,500 20,000 81,858 10,000 70,000 35,000 8,000 26,000

FY 2023 - 2024 Adopted Budget 201 RECREATION ACTIVITIES REPLACEMENT CARTRIDGES FOR CLEAR COMFORT SYSTEM AT THE COVE REPLACEMENT TELEVISIONS FOR THE COVE TOURISM, SALES, AND EVENTS COORDINATOR UNIFORM AND RESCUE EQUIPMENT BUDGET INCREASE 4-MOBILE DATA LICENSES FOR FIRE DEPT. / ICS PROGRAM COTTONWOOD CREEK MARINA/DOCK & RENTAL DETENTION OFFICER UNIFORM FY 2024 DEPARTMENT AMMUNITION FY 2024 SIMMUNITION TRAINING AND SUPPLIES INCREASE FY2024 HOSTAGE NEGOTIATION TRAINING, CONFERENCE AND COMPETITION FY2024 INSTRUCTOR TRAINING INCREASE FY2024 R.A.D. FY24 CLEAR BACKGROUND/INVESTIGATION SERVICE FY24 LEADSONLINE INVESTIGATIVE TOOL PRICE INCREASE FY24 NEW PERSONNEL- 2 PATROL OFFICERS FY24 NEW PERSONNEL PACKAGE (1 SRO) FY24 NEW PERSONNEL PACKAGE (1 SRO DISD) FY24 SWITCH LETS INVESTIGATIVE TOOL TO CALLYO FY24-FY28 POLICE PORTABLE RADIO REPLACEMENT FY26 COWBOY CONCEALMENT TRACKERS ICS: COD DISPATCH SOFTWARE (RMS) SYSTEM JET SKIS LEXISNEXIS LIVESCAN / JAIL REPORTING SYSTEM TO TXDPS NETMOTION, ADDITIONAL LICENSE (BLOCK) NEW IN BLUE TICKET WRITER OUTER CARRIER UNIFORM SUMMER UNIFORM SWAT UNIFORMS TASER 5 YR REPLACEMENT PROGRAM TRADITIONAL UNIFORM TRAFFIC HELMET TUITION REIMBURSEMENT VEHICLE MAINTENANCE

300 POLICE DEPARTMENT

301 FIRE DEPARTMENT

AMBULANCE ADDITION ASST. FIRE MARSHALL - RECLASS OUTDOOR WARNING SIREN

400 STREETS

CONTRACTED SIDEWALK REPLACEMENT SPEED BOARD REPLACEMENTS AT CHAVEZ ELEM

401 WATER

811 CONTRACT MANSELL PUMP STATION MAINTENANCE CONTRACT MANSELL PUMP STATION GENERATOR WATER CONSERVATION PLAN

402 WASTEWATER

ALUMINUM SULFATE PRICE INCREASE CATIONIC POLYMER PRICE INCREASE GENERATOR MAINTENANCE PRICE INCREASE REPLACEMENT CARPETS FOR FILTERS

403 SOLID WASTE

30 YD OPEN TOP CAN LINERS COURTESY SITE LANDFILL FEE INCREASE GIS GPS UNIT FASTER FLEET MANAGEMENT SOFTWARE GENERATOR FUEL SYSTEM MAINTENANCE QUARTERLY FUEL SITE TANK MAINTENANCE

404 UTILITY SERVICES 405 FLEET MAINTENANCE

406 STORMWATER

INLET COVERS & SEPARATOR GRATES POST WINTER STORM STREET SWEEPING OF SAND & SALT TCEQ MS4 STORMWATER PERMIT RENEWAL INFLUENCERS LAKEFRONT RADIO LMA: MONTHLY SOCIAL MEDIA BOOST PROGRAMMING FOR THE LAWN SUBSCRIPTIONS AND MARKETING: D MAG, USA TODAY, TEXAS TRAVEL- TOP LISTS TRASH RECEPTACLE REPLACEMENT AND REPAIRS VOLLEYBALL EQUIPMENT REPLACEMENT BEARD PARK LOG CABIN MAINTENANCE

600 TIRZ

800 COM DEV CORP

Town of Little Elm 106

10,000 6,000 82,166 5,000

10,500 6,200 82,166 5,000

11,000 6,500 82,166 5,000

11,500 6,700 82,166 5,000

12,000 7,000 82,166 5,000

25,142 180 596 20,000 5,000 400 2,000 6,625 584 4,414 407,177 207,963 207,963 1,140 141,451 5,210 17,280 14,366 6,500 27,000 7,000 8,610 2,328 1,144 6,330 1,350 9,600 34,560

4,412 180 596 20,000 5,000 400 2,000 1,100 908 4,414 208,933 107,228 108,228 1,140 103,730 5,210 4,000 17,280 2,000 6,500 13,000 7,000 600 4,706 6,330 10,000 28,288

4,412 180 596 20,000 5,000 400 2,000 1,100 1,254 4,414 248,319 112,721 113,721 1,140 103,730 1,470 5,210 4,000 17,280 2,000 6,500 13,000 7,000 8,610 2,328 4,706 6,330 1,350 7,000 21,702

4,412 180 596 20,000 5,000 400 2,000 1,100 1,624 4,414 229,218 117,370 118,370 1,140 114,731 1,470 5,210 4,000 17,280 2,000 6,500 13,000 7,000 600 6,330 8,000 18,011

4,412 180 1,881 20,000 5,000 400 2,000 1,100 6,055 5,482 239,494 123,418 124,418 4,920 124,731 1,470 5,210 4,000 17,280 2,000 6,500 13,000 15,200 11,700 5,420 47,337 12,870 2,610 8,000 -

(19,772) 35,000

45,752 1,600

47,403 36,600

78,125 48,261 3,200

78,125 50,040 38,200

200,000 6,200

100,000 -

150,000 -

150,000 -

150,000 -

40,000 28,150 1,120 55,000

42,000 28,500 1,120 -

45,000 29,000 1,120 -

47,000 29,500 1,300 -

50,000 30,000 1,400 55,000

190,000 66,615 2,615 20,000

190,000 65,253 2,615 -

190,000 63,850 2,615 -

190,000 62,406 2,800 20,000

3,000 -

4,400 9,644

4,500 10,126

4,600 10,631

4,700 11,163

4,800 84,873

14,000

500

500

500

500

120,000 10,800 4,000

20,000 10,800 4,000

20,000 10,800 4,000

20,000 10,800 4,000

20,000 10,800 4,000

2,070 15,000 50,000

2,100 15,000 -

2,130 15,000 -

2,160 15,000 -

2,180 15,000 50,000

30,000 1,080 6,000 15,000 20,000

30,000 1,080 6,000 15,000 20,000

30,000 1,080 6,000 15,000 20,000

30,000 1,080 6,000 15,000 20,000

30,000 1,080 6,000 15,000 20,000

16,000 15,000 14,500

3,000 -

3,000 -

3,000 15,000 -

3,000 10,000

FY 2023 - 2024 Adopted Budget

Capital Improvement Project Planning List Street Projects Project Description King Road Button Street French Settlement/Dickson Lane Signal Contract Street Maintenance (Fund 1115 & 112-50) Roadway Impact Fee Study 2931 Connector (FM 720 to FM 2931 Ext.-HEB Rd) 2931 Extension (4 Lane) Ryan Spiritas Parkway Fishtrap (4 Lane-concrete UP Blvd to FM 1385) Hill Lane North Oak Grove Parkway Gammon Road Woodrow Circle Lakefront Parking Lot Town Hall Parking Lot Expansion Lobo Lane Technology Park Subtotal Street Projects

Prior Years

FY 2022-2023

FY 2023-2024

$43,613 1,180,174 2,222,248

$505,158

$5,416,529

6,108,001

1,774,413 49,199

1,850,000

204,783

3,185,596 175,099 90,529 $13,210,044

FY 2024-2025

FY 2025-2026 FY 2026 - 2027

FY 2029 - 2034 PLANNING YEARS

FY 2027-2028

TOTAL PROJECT $ 5,965,300 1,180,174 2,222,248

9,500,000

26,752,414 49,199

700,000

6,618,110

7,318,110

-

10,802,368

10,802,368

11,000,000 1,501,966 2,394,079 -

11,000,000 7,428,600 1,501,966 2,394,079 765,211 3,301,739 175,099 1,527,476 $82,383,983

470,217

6,753,600

765,211 116,143

-

1,860,000

1,436,947 $5,117,287

$14,720,129

$1,860,000

FY 2022-2023

FY 2023-2024

FY 2024-2025

1,875,000

$1,875,000

1,885,000

$1,885,000

1,900,000

$1,900,000

$41,816,523

Traffic Projects Project Description Signalization Projects US 380 Lighting US 380 Plan Revisions 423 Traffic Signal (TxDOT funded) Oakgrove Parkway/Eldorado Parkway Traffic Study

Prior Years

FY 2025-2026 FY 2026 - 2027

FY 2029 - 2034 PLANNING YEARS

FY 2027-2028

-

$343,679 314,313 441,238 450,000

1,000,000

1,000,000 500,000 651,300 $ 3,793,030

$343,679 314,313 441,238 450,000 6,750

10,750

92,500

75,000

Oakgrove Parkway North Lighting HEB/720 Traffic Signals Main Street Traffic Signal Subtotal Traffic Projects

TOTAL PROJECT

$791,667

57,300 $832,363

500,000 594,000 $1,169,000

FY 2022-2023

FY 2023-2024

-

-

-

-

$1,000,000

Park Projects Project Description Lakefront Trails McCord Park Splash Pad McCord Park Dog Park McCord Park Dog Park Playground Expansion McCord Park Trail Hartsbranch Trail Brent Elementary Trail Cottonwood Park Improvements (Lakefront Park) Little Elm Park Kayak/Surf Structure Little Elm Park Parking Expansion Little Elm Park Trash Management System Little Elm Pedestrian Bridge Trails Regional Connections The Lawn @ Lakefront Screen Wall (Palladium) - The Lawn TxDOT Green Ribbon Phase I TxDOT Green Ribbon Phase II Youth Softball Fields - Lakeside Middle

Prior Years

FY 2025-2026 FY 2026 - 2027

FY 2029 - 2034 PLANNING YEARS

FY 2027-2028

150,000

150,000 11,303 2,546,032 469,825

17,600,000 50,000

27,603,799 50,000 546,900

11,303 2,546,032 469,825 426,756

72,816

42,000

900

504,000

9,504,227

-

300,000

32,689 1,000,000 295,750

TOTAL PROJECT $3,631,431 2,503,811 1,914,684

$ 3,631,431 2,503,811 1,914,684

1,371,361

4,526,727 87,651 128,250

371,975

8,341,756

32,689 300,000 1,000,000 4,822,477 87,651 1,499,612

507,161 8,713,731

Youth Baseball Field Improvements Cottonwood Park

1,280,940

Little Elm Park Camping Improvements

97,705

177,470

2,561,225

$14,996,261

49,950 $13,385,521

$12,572,613

Cottonwood Park Phase II -RV and Camping Subtotal Park Projects

FY 2024-2025

1,280,940 2,836,400

$804,000

Town of Little Elm 107

-

-

-

$18,800,000

49,950 $ 60,051,234

FY 2023 - 2024 Adopted Budget

Capital Improvement Project Planning List Facility Projects Project Description Recreation Center Expansion Aquatics Center Rec/Aquatic Center Electric Car Charging Station Firestation Settlement Multi-Use Center Town Hall Remodel Public Safety Buildouts Marketing Department Buildouts McCord Park Warning Siren Town Hall Remodel Phase II Wayfinding Project Fire Station # 4/Police Substation Aquatic Center Expansion-Phase II Aquatic Center Expansion-Phase III 3 Early Warning Sirens-Paloma and Union Park areas Subtotal Facility Projects

Prior Years

FY 2022-2023 FY 2023-2024

FY 2024-2025 FY 2025-2026 FY 2026 - 2027

FY 2029 - 2034 PLANNING YEARS

FY 2027-2028

TOTAL PROJECT

$ 5,821,708 24,335,688

$5,821,708 24,335,688

55,431 570,245 2,837,947 27,623 128,000 110,000 10,800 1,263,846 503,539

7,000,000 9,200,000

55,431 570,245 4,837,947 31,273 128,000 110,000 10,800 1,349,478 582,371 15,000,000 7,000,000 9,200,000

$18,200,000

101,662 $69,134,603

$35,664,827

2,000,000 3,650

85,632 78,832 1,494,000

5,528,900

7,977,100

101,662 $1,763,776

$5,528,900

$7,977,100

-

-

-

Equipment Projects Project Description Public Safety Command Vehicle Radio Communications Subtotal Equipment Projects

Prior Years

FY 2022-2023 FY 2023-2024

FY 2024-2025 FY 2025-2026 FY 2026 - 2027

FY 2029 - 2034 PLANNING YEARS

FY 2027-2028

$ 599,853 $ 599,853

-

240,575 240,575

295,832 295,832

206,858 206,858

219,922 219,922

274,943 274,943

Drainage Projects Project Description Wynfield Farms Outfalls-debri seperators Canyon Lake Retaining Walls Crescant Lake Retaining Walls Shell Beach Drainage-debris seperators Beach Drainage McCord Park Trail Drainage Dog Park creekside clearing TCEQ erosion control Lakefront Trail Drainage Waterview Drive Repair Hilltown (Cedar, Cottonwood, Post Oak) - study Subtotal Drainage Projects

Total Governmental Projects

TOTAL PROJECT

Prior Years

FY 2022-2023 FY 2023-2024

FY 2024-2025 FY 2025-2026 FY 2026 - 2027 -

-

FY 2029 - 2034 PLANNING YEARS

FY 2027-2028

$120,000

-

TOTAL PROJECT $ 120,000 295,000 306,328

295,000 306,328

159,025 95,000

$599,853 1,238,130 $1,837,983

75,000

25,000 25,000

500,000

75,000 159,025 620,000

35,000 35,300 63,549

35,300 63,549

$954,202 Prior Years

51,000 $ 86,000

$50,000

FY 2022-2023 FY 2023-2024

$ 75,000

$120,000

-

FY 2024-2025 FY 2025-2026 FY 2026 - 2027

$ 65,617,002 $21,184,946 $34,281,217 $ 11,011,932 $2,201,858

Town of Little Elm 108

$2,104,922

FY 2027-2028

$2,174,943

$500,000

51,000 $ 1,674,202

FY 2029 - 2034 PLANNING YEARS

TOTAL PROJECT

$ 80,316,523

$218,875,034

FY 2023 - 2024 Adopted Budget

Capital Improvement Project Planning List Water Projects Project Description French Settlement Meters FM 423 Repaint/Mansell Tank/Pro West Side Lift Station No. 2 Waste Water Treatment Plant Service Center and WWTP Lab Expansion Impact Fee Study King Road Utility Work West Side Water Pressure Study West Side Interconnection Design/ Agreements West Side Water Emergency Interconnect 12-Inch Water Along West Eldorado Parkway Mansell Pump Station Improvements Phase II Mansell 24-Inch Transmission Lines Mansell Tank Rehabilitation West Side Water Pressure Improvements Woodrow Circle Water TX AWIA Resiliency Plan & Implementation Retrofit Meter Vaults - Greenwood, Lobo, Main Street Cottonwood Park Expansion - water line extension SCADA Improvements Subtotal Water Projects

Prior Years

FY 2022-2023

FY 2023-2024

FY 2024-2025

FY 2025-2026

FY 2026 - 2027

FY 2029 - 2034 PLANNING YEARS

FY 2027-2028

$ 253,903 1,501,937 1,461,308 679,350 10,807,634

$ 253,903 1,501,937 1,461,308 679,350 10,807,634 2,047,871 361,267 64,647

2,942,772 52,360 272,359 32,508

5,168,995 52,360 1,625,944 97,155

178,352 992,318

33,000

33,000 -

390,910

390,910

King Road Utility Work WWTP UV Module Upgrade WWTP Fine Screen - Design WWTP Dewatering Improvements WWTP Lift Station Upgrade I&I Evaluation - PACP and Cleaning Garza Lift Station (west side project) Lakewood Lift Station Rehabilitation WWTP Generator Upgrades McCord Park Brent Elementary Reuse Improvements Sunset Pointe Lift Station Improvements Woodrow Circle Sewer Repairs per I&I Evaluation Hillside Beach Sewer WWTP Re-Rating Study and TPDES Permit Amendment Cottonwood Manhole Rehabilitation Cottonwood Creek Improvements (Kings Crossing) Harvey Circle Manhole/Sewer Line relocation Rehab WWTP Filter System Upgrade Cottonwood Park Expansion - WW line extension Impact Fee Study SCADA Improvements Sewer and Manhole assessment Wynnfield Farms Manhole rehab (23 manholes) WWTP Clarifier #1 Rehab WWTP automation/moderization Subtotal Wastewater Projects

Total Utility Projects

Total All Projects

1,725,000

2,000,000

1,650,000 3,470,000 2,000,000

1,000,000

5,000,000

10,000,000 188,082

4,000,000

188,082

87,046

87,046 -

119,400

119,400

246,196 $ 4,137,277

300,000 503,804 $3,484,785

300,000 774,988 $ 42,387,013

$ 9,750,000

$ 4,000,000

-

-

Wastewater Projects Project Description

1,725,000 1,650,000 3,100,000

370,000

24,988 $ 17,289,951

Prior Years $35,488 93,155 122,967 48,300

FY 2022-2023

FY 2023-2024

$ 121,372 63,675 591,049 301,700

FY 2024-2025

3,262,754 -

80,081

TOTAL PROJECT

50,024

FY 2025-2026

FY 2026 - 2027

$3,725,000

FY 2029 - 2034 PLANNING YEARS

FY 2027-2028

TOTAL PROJECT

-

3,000,000

-

7,617,025 1,750,000

$ 156,860 3,156,830 714,016 3,612,754 7,617,025 1,750,000

-

6,603,041

6,603,041

-

538,200 3,000,000

538,200 3,000,000 895,886

765,781 650,325

188,082 600,000 19,320 80,000

650,325 188,082 600,000 19,320 80,000

82,958

-

82,958

44,594

-

44,594 94,455 59,374

94,455 59,374

24,988

$ 705,680 Prior Years

$17,995,631

Prior Years

83,389,222

300,000 52,360 246,196 107,700

503,804

292,525 78,600

4,000,000 1,300,000

$ 2,393,284

$9,832,339

FY 2022-2023

$6,530,561

FY 2022-2023

27,715,507

300,000 52,360 774,988 107,700

FY 2023-2024

$ 13,317,124

FY 2023-2024

47,598,340

2,710,000 500,000 $ 3,210,000 FY 2024-2025

$12,960,000

FY 2024-2025

23,971,932

500,000 $500,000 FY 2025-2026

FY 2026 - 2027

$ 4,500,000

FY 2025-2026

6,701,858

Town of Little Elm 109

FY 2027-2028

-

FY 2026 - 2027

$ 23,838,591 FY 2029 - 2034 PLANNING YEARS

$ 27,563,591

FY 2027-2028

FY 2029 - 2034 PLANNING YEARS

107,880,114

7,002,525 1,378,600 1,000,000 $ 31,098,768 TOTAL PROJECT

$ 73,485,781

TOTAL PROJECT

292,360,815

FY 2023 - 2024 Adopted Budget

Town of Little Elm 110

FY 2023 - 2024 Adopted Budget

Town of Little Elm 111

FY 2023 - 2024 Adopted Budget

Town of Little Elm 112

FY 2023 - 2024 Adopted Budget

Town of Little Elm 113

FY 2023 - 2024 Adopted Budget

Town of Little Elm 114

FY 2023 - 2024 Adopted Budget

Brought to you by the Town of Little Elm Finance Team