Wells Branch Municipal Utility District. Accounting Report. February 20, 2018

Transcription

1 Wells Branch Municipal Utility District Accounting Report February 20, 2018 Financial Highlights: The operating fund has cash and investments of approximately $10.7 million; the debt service fund cash/investment balance is $82,000. The month of December came in $339,000 ahead of plan. The majority is resulting from lower costs related to the COA wholesale water and sewer rates. Year to date we re $766,000 ahead of the plan. The majority is resulting from lower costs related to the COA wholesale water and sewer rates. The COA rate adjustment for the month of December was $40,000. The rate adjustments from 6/14 to 12/17 totals $1,854,000. The billing credit given for December was $40,000 and to date is $1,188,000. Capital spending for the month totaled $2,000 the majority of which was for the skate park. The operating fund balance through December is approximately $8.7 million (approximately $2.5 million assigned to 3 month operating reserve and $1.5 million assigned to a City of Austin reserve). Tax collections through 1/31/18 at 92% BOARD PACKET FEBRUARY 20 TH, 2018 AGENDA ITEM #2 1 of 18

2 Cash / Investment Activity Report 2 of 18

3 Wells Branch M.U.D. Cash/Investment Activity Report December 31, February 20, 2018 Projected Balance Subsequent Subsequent Transfers to be Balance 12/31/2017 Receipts Disbursements Approved 2/20/2018 2/20/2018 General Fund - Chase Bank (Operating) Master Account $ 100, $ - $ - $ - $ 100, Controlled Disbursements Payroll Chase Bank (Operating) 100, , Chase (Manager's) 19, , FSBCT Operating Account (260,651.67) 641, (641,267.36) - (260,651.67) FSBCT Manager's Account 45, , (38,110.23) - 45, FSBCT Sweep Account 733, ,345, (679,134.87) 500, ,899, Compass Lockbox 751, , (1,345,019.93) - - JP Morgan Chase (Sweep) 870, , Texpool (Operating) 6,429, , ,328, ,3 8,021, Total - General Fund 8,688, ,881, (2,703,532.39) 1,828, ,694, Debt Service Fund - Texpool (Tax) 2,147, (263,460.74) (1,868,479.30) 1,2 15, Texpool (Debt Service) 26, , , Total - Debt Service Fund 2,173, (263,460.74) (1,828,479.30) 81, Total - All Funds $ 10,862, $ 2,881, $ (2,966,993.13) $ - $ 10,776, Transfer Letter Information: 1. Transfer operating tax collections from tax account to operating account ($1,828,479.30) 2. Transfer debt service tax collections from tax account to operating account ($40,000.00) 3. Transfer texpool operating funds to FSBCT operating account ($500,000.00) 3 of 18

4 INTEREST TRADE MATURITY funds IDENTIfiCATION RATE DATE DATE DAYS , TOTAL GENERAL OPERATING FUND , ,299, ,299, TOTAL DEBT SERVICE FUND 1.043, ITOTAL ALL FUNDS , A ; 'This quarterly report and the District's investment portfolio are in full compliance with the Public Funds Investment Ad (Chapter Texas Govemment Code); and the Investment Policy and Strategies adopted by the Districl. WELLS BRANCH MUNICIPAL UTILITY DISTRICT SCHEDULE OF TEMPORARY INVESTMENTS OCT 1, DEC 31, 2011 GENERAL FUND: J.P, Morgan Chase Sweep U,S, Govl MMkt Fund! 1!PoQ! - Qper!:!lio9 6(;!:;Q!.!ol Texas local Govemment Investment Pool % % 1, , a , , , DEBT SERVICE FUND: TexPQol:Debt Service Texas Local Govemment Investment Pool TexPOQI- Tax 6c!:;ouol Texas Local Government Investment Pool % % 73, , , ,83 4 of 18

5 Financial Statements 5 of 18

6 Wells Branch M.U.D. Accountant's Compilation Report December 31,2017 Management is responsible for the accompanying financial statements of Wells Branch M.U.D. (a governmental entity), which comprise the governmental funds balance sheet as of December 31, 2017 and the related statement of revenues, expenditures and changes in fund balance for the three months then ended, which collectively comprise the District's basic financial statements in accordance with the accounting principles generally accepted in the United States of America. We have performed a compilation engagement in accordance with Statements on Standards for Accounting and Review Services promulgated by the Accounting and Review Services Committee of the AICPA. We did not audit or review the financial statements nor were we required to perform any procedures to verify the accuracy or completeness of the Information provided by management. Accordingly, we do not express an opinion, a conclusion, nor provide any form of assurance on these financial statements. Accounting principles generally accepted in the United States of America require that budgetary comparison Information be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting and for placing the basic financial statements In an appropriate operational, economic, or historical context. Such information has been compiled by us without audit or review and, accordingly, we do not express an opinion or provide any assurance on it. The District has omitted the management's discussion and analysis, the Statement of Net Assets, and Statement of Activities that the Governmental Accounting Standards Board requires to be presented to supplement the basic'financial statements. Such missing Information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historic context. In addition, the District has elected to omit substantially all of the disclosures and the statement of cash flows required by accounting principles generally accepted In the United States of America. If the omitted disclosures and components required by GASB 34 were included in the financial statements, they might influence the user's conclusions about the District's financial position, results of operations, and cash flows. Accordingly, these financial statements are not designed for those who are not Informed about such matters. Supplementary Information The supplementary information contained in the schedules described in the Supplementary Information Index is presented for purposes of additional analysis and is not a required part of the basic financial statements. This information is the representation of management. The Information was subject to our compilation engagement, however, we have not audited or reviewed the supplementary Information and, accordingly, do not express an opinion, a conclusion, nor provide any form of assurance on such supplementary Information. We are not Independent with respect to Wells Branch M.U.D. February 13, 2018 Round Rock, TX BOlT & DOUTHllT, P.L.L.C. 6 of 18

7 Wells Branch Municipal Utility District Governmental Funds Balance Sheet December 31, 2017 Assets Cash and Cash Equivalents Cash 1,389, Governmental Funds Governmental General Debt Service Funds Fund Fund Total $ $ - $ 1,389, Investments 7,299, ,173, ,473, Receivables Service Accounts, net 963, , Property Taxes 2,337, , ,410, Other 165, , Due from Other Funds 2,091, ,091, Total Assets $ 14,247, $ 2,247, $ 16,494, Liabilities Accounts Payable $ 314, $ - $ 314, Bank In Transit Accrued Expenses 95, , Refundable Deposits 939, , Other Liabilities 11, , Deferred Revenue 2,354, , ,428, Due to Other Funds - 2,091, ,091, Total Liabilities 3,716, ,165, ,881, Fund Balance Fund Balances: Restricted for Debt Service - 81, , Assigned 2,105, ,105, Unassigned 8,426, ,426, Total Fund Balances 10,531, , ,613, Total Liabilities and Fund Balances $ 14,247, $ 2,247, $ 16,494, See Accountants' Report. 7 of 18

8 Wells Branch Municipal Utility District Statement of Revenues, Expenditures & Changes in Fund Balance-Governmental Funds October 1, December 31, 2017 Governmental Funds Governmental General Debt Service Funds Fund Fund Total Revenues: Water, Wastewater and Garbage Service $ 1,773, $ - $ 1,773, Recreational Fees 65, , Property Taxes, Including Penalties 2,086, , ,134, Interest 20, , , Other 13, , Total Revenues 3,960, , ,009, Expenditures: Current- Water, Wastewater and Garbage 791, , Salary and Related Expenditures 410, , Park, Pool and Programming 270, , Management Services 74, , Office 41, , Insurance 51, , Covenant Compliance 1, , Security Lighting and Services 38, , Compost 23, , Repairs and Maintenance 42, , Legal Fees 55, , Director Fees 5, , Engineering Fees 138, , Other Consulting Fees 20, , Audit Fees Bookkeeping Fees 16, , Tax Appraisal/Collection Fees 9, , Other 59, , Capital Outlay 146, , Debt Service: Principal Payments Interest and Fiscal Charges Total Expenditures 2,197, ,197, Excess/(Deficiency) of Revenues over Expenditures 1,763, , ,811, Net Change in Fund Balance 1,763, , ,811, Fund Balance, October 1, ,767, , ,801, Fund Balance, December 31, 2017 $ 10,531, $ 81, $ 10,613, See Accountants' Report. 8 of 18

9 Supplementary Information Index General Fund -- Projection of Revenues & Expenses -- Budgetary Comparison Schedule -- Director Fee Report Debt Service Fund -- Debt Service Schedule 9 of 18

10 WELLS BRANCH MUNICIPAL UTILITY DISTRICT BUDGETARY COMPARISON SCHEDULE - GENERAL FUND December 31, 2017 YEAR TO DATE ANNUAL ACTUAL BUDGET VARIANCE BUDGET Revenues: Utility Services 1,773,790 1,859,594 (85,804) 6,981,679 Parks & Recreation 66,054 51,900 14, ,000 Taxes & Miscellaneous 2,120,742 2,104,435 16,307 4,355,571 Total Revenues 3,960,586 4,015,929 (55,343) 11,761,250 Expenditures: Water & Sewer Services 903,000 1,334, ,473 5,405,926 Solid Waste 141, ,000 5, ,000 Administrative 367, , ,042 1,977,066 Recreation Programming 188, ,187 72,019 1,202,203 Parks & Rec. Maint/Supp/Util 385, , ,172 1,976,720 Information Services 3,726 5,300 1,574 17,850 Security Services 38,843 51,589 12, ,600 Miscellaneous 22,707 31,300 8,593 77,900 Total Operating Expenditures 2,050,596 2,872, ,534 11,422,265 Total Operating Gain/(Loss) 1,909,990 1,143, , ,985 Capital Outlay 146, ,696 (2) 2,444,000 Total Expenditures 2,197,294 3,018, ,532 13,866,265 Excess Revenues (Expenditures) 1,763, , ,190 (2,105,015) See Accountant's Report 10 of 18

11 WELLS BRANCH MUNICIPAL UTILITY DISTRICT SCHEDULE OF REVENUES & EXPENDITURES (Actuals + Remaining Budget) FISCAL YEAR 2018 APPROVED MOST BUDGET PROBABLE ACTUAL ACTUAL ACTUAL BUDGET BUDGET BUDGET BUDGET BUDGET BUDGET BUDGET BUDGET BUDGET BUDGET FY-2018 FY Oct-17 Nov-17 Dec-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Revenues: UTILITY SERVICES Basic Services 1,732,800 1,736, , , , , , , , , , , , , ,400 Water Services Fees 2,501,889 2,389, , , , , , , , , , , , , ,960 Sewer Services Fees 2,574,622 2,603, , , , , , , , , , , , , ,270 Application Fee Service Penalties 76,368 69,598 7,191 6,110 5,722 9,968 4,603 5,977 6,724 5,546 5,097 5,344 5,898 5,448 5,939 Drainage Fees 96,000 97,179 8,402 8,384 8,394 8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000 6,981,679 6,895, , , , , , , , , , , , , ,569 PARKS & RECREATION Recreational Fees 200, ,876 11,370 7,970 7,436 9,300 11,300 11,300 14,300 35,300 20,300 37,300 19,300 13,300 11,700 Commercial Pool Rentals 19,000 22,285 3, , Recreation Tags 100, ,663 5,786 4,728 5,150 3,000 5,000 5,000 7,000 14,000 15,000 23,000 11,000 6,000 5,000 Facilities Rental 100, ,130 10,660 2,155 7,515 6,650 13,275 12,375 14,275 6,650 10,475 5,750 7,600 6,700 6,700 Facilities Rental Security 5,000 4, , ,154 31,101 14,853 20,101 19,300 30,300 29,300 36,300 56,300 46,300 85,300 38,300 26,300 23,700 TAXES & MISCELLANEOUS Property Tax 4,280,271 4,280,271 13, ,343 1,827,763 1,827, ,117 1,151,392 8,561 8,561 8,561 8,561 8,561 8,561 8,561 Property Tax Penalty 3,300 3, Interlocal Revenues Recycle Rebate Interest Investment 54,000 60,860 6,545 6,283 7,533 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 Miscellaneous Revenue 18,000 27,099 8,550 3,702 1,347 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 4,355,571 4,371,878 29, ,425 1,837,243 1,833, ,317 1,157,992 15,161 14,861 14,761 14,761 14,761 14,761 14,761 Total Revenues 11,761,250 11,705, , ,702 2,434,077 2,395,839 1,573,741 1,699, , , , , , , ,030 Expenditures: WATER & SEWER SERVICE Bulk Water Purchases 1,894,078 1,616,047 81,432 78,022 67, , , , , , , , , , ,958 Bulk Water Purchases Base 245, ,916 18,600 18,601 18,602 20,457 20,457 20,457 20,457 20,457 20,457 20,457 20,457 20,457 20,457 Bulk Sewer Purchases 2,153,120 1,987, , , , , , , , , , , , , ,740 Utility Management 317, ,368 24,765 24,821 24,849 26,437 26,437 26,437 26,437 26,437 26,437 26,437 26,437 26,437 26,437 Water System Maint 112, ,642 10,664 26,570 4,407 9,333 9,333 9,333 9,333 9,333 9,333 9,333 9,333 9,333 9,337 Sewer System Maint 264, , ,167 16,167 19,167 24,167 24,167 24,167 24,167 24,167 24,167 24,163 Sewer System Assessment 100, , ,000 Storm Sewer/MS4 Permit 180, ,707 14,298 81,249 14,160 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 Storm Drainage Rehab 30,000 30, ,000 Water & Sewer Service Fees 95,000 97,452 9,329 8,394 8,229 7,500 7,500 7,500 7,500 7,500 8,000 8,000 8,000 8,500 9,000 Conservation Education 15,000 15, , ,405,926 4,974, , , , , , , , , , , , , ,092 SOLID WASTE Garbage Collection 588, ,086 48,841 45,878 46,367 49,000 49,000 49,000 49,000 49,000 49,000 49,000 49,000 49,000 49, , ,086 48,841 45,878 46,367 49,000 49,000 49,000 49,000 49,000 49,000 49,000 49,000 49,000 49,000 ADMINISTRATIVE Director Fees 31,003 28,741 2,099 1,292 2,099 2,584 2,584 2,584 2,584 2,584 2,584 2,584 2,584 2,579 2,584 Legal Fees 252, ,850 20,439 16,617 17,793 21,000 21,000 21,000 21,000 21,000 21,000 21,000 21,000 21,000 21,000 Legal-Special 30,000 22, ,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 Restrictive Covenants 16,000 12, ,333 1,333 1,333 1,333 1,333 1,333 1,333 1,333 1,333 1,337 Engineering Fees - General 18,000 17,816 1,469 1,446 1,400 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 Engineering Fees - Special 150, ,654 10,198 4,969 8,987 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 See Accountant's Report 11 of 18

12 WELLS BRANCH MUNICIPAL UTILITY DISTRICT SCHEDULE OF REVENUES & EXPENDITURES (Actuals + Remaining Budget) FISCAL YEAR 2018 APPROVED MOST BUDGET PROBABLE ACTUAL ACTUAL ACTUAL BUDGET BUDGET BUDGET BUDGET BUDGET BUDGET BUDGET BUDGET BUDGET BUDGET FY-2018 FY Oct-17 Nov-17 Dec-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Auditing Fees 20,000 20, , Accounting Fees 66,750 66,268 5,370 5,370 5,278 5,500 5,500 6,250 5,500 5,500 5,500 5,500 5,500 5,500 5,500 Office Personnel 485, ,140 40,687 40,421 38,592 42,200 40,700 39,200 40,200 40,200 39,200 40,200 42,200 39,200 40,340 Other Professional Consult. 180, ,293 6,516 6,162 7,614 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 Train/Conf/Travel-Employees 28,157 21,788 1, ,440 2,485 5,350 1,800 1,000 1,350 5, ,200 1, Train/Conf/Travel-Directors 19,000 17, , Tax Coll/Appr Fees 26,500 26, ,833 5,077 5, , , ,500 Office Supplies 31,000 28,783 2,969 2, ,583 2,583 2,583 2,583 2,583 2,583 2,583 2,583 2,583 2,587 Facility Utilities 65,400 58,425 5,330 3,385 3,410 6,400 5,000 5,000 5,000 5,000 6,100 5,000 5,100 5,100 5,000 Telephone 7,800 8, Mobile Phones 13,200 11, ,100 1,100 1,100 1,100 1,100 1,100 1,100 1,100 1,100 1, b Contributions/Exp 73,392 69,174 4,797 5,007 4,327 6,116 6,116 6,116 6,116 6,116 6,116 6,116 6,116 6,116 6,116 Homestead Operations 8,400 8, , Employee Insurance 368, ,518 16,155 17,463 17,582 29,924 32,258 29,924 29,924 32,258 29,924 29,924 32,258 29,924 29,924 Automation Equip Support 72,600 63,432 6,808 4,537 3,887 4,800 9,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 Bank Fees 14,400 14,095 1,080 1,101 1,114 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 Election - (67) (67) ,977,066 1,841, , , , , , , , , , , , , ,058 RECREATION PROGRAMMING Recreation Contractors 133, ,122 10,512 7,772 4,839 8,000 6,000 12,000 12,000 10,000 10,000 15,000 15,000 15,000 12,000 Recreation Employees 363, ,891 24,807 28,320 24,549 27,247 24,855 23,711 25,687 25,999 25,167 45,759 46,383 47,215 24,439 Recreation Supplies 38,000 35,049 4,051 2, ,167 3,166 3,167 3,167 3,166 3,167 3,167 3,166 3,167 3,167 Recreation Event Supplies 125,000 95,925 2,059 3,321 2,545 6,000 6,000 10,000 4,000 3,000 8,000 30,000 15,000 6,000 6,000 Recreation Center Utility 58,000 57,142 3,485 5,792 4,365 4,833 4,833 4,833 4,833 4,833 4,833 4,833 4,833 4,833 4,837 Recreation Service Fees 24,400 24,258 1, ,000 1,500 1,500 2,000 3,000 3,000 3,000 2,400 2,400 2,400 Pool Maintenance 104,200 73, ,195 1,075 5,800 5,800 5,800 7,800 7,800 10,600 5,800 5,800 5,800 5,800 Pool Utilities 11,210 8, ,835 1,350 2, Pool Personnel 344, ,766 15,328 15,322 12,791 15,748 15,748 14,990 16,508 17,940 31,029 56,000 61,499 56,066 25,545 1,202,203 1,130,184 62,999 73,689 51,480 73,630 69,252 78,701 76,920 76,288 96, , , ,031 84,738 PARKS & REC. MAINT/SUPP/UTIL Greenbelt Maintenance 363, ,389 30,281 30,281 30,295 30,281 30,281 30,281 30,281 30,281 30,281 30,281 30,281 30,281 30,284 Soccer Field Maintenance 129, ,938 11,248 10,790 10,790 10,790 10,790 10,790 10,790 10,790 10,790 10,790 10,790 10,790 10,790 Special Projects & Tree Removal 40,000 24, ,280 10, , ,000 - Seasonal Landscape Maint 105,000 65,901 15, , ,000-10,000 - Landscaping Plantings & Irrigatio 60,000 44,449-24,449-20,000-20, Invasive Plant Maintenance 35,000 35, ,000 Creek Stabilization 25,000 25, , , Trail Repairs 13,000 8, ,500 2,500 2, , Disc Golf 10,000 7, Park Fac. Maintenance 120,000 94,263 1,024 1,270 1,969 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 Greenbelt Utilities 5,680 8,066 1,216 1,062 1, Compost Collection 175, ,031 8,579 8,229 6,363 12,919 19,659 19,097 15,727 14,323 14,042 16,289 15,446 12,919 12,357 Compost Distribution 3,600 2, Office/Community Center 20,000 15, ,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,663 Fence Maintenance 25,000 21, ,380-2,083 2,083 2,083 2,083 2,083 2,083 2,083 2,083 2,083 2,087 Maintenance & Supplies 120, ,088 10,647 7,209 7,231 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 Maintenance Personnel 716, ,813 52,131 55,094 48,587 66,000 60,000 59,000 55,000 60,000 55,000 60,000 65,000 60,000 60,000 Vandalism Damages/Repairs 3,000 2, Safety Equipment 7,340 7, , ,976,720 1,823, , , , , , , , , , , , , , of 18 See Accountant's Report

13 WELLS BRANCH MUNICIPAL UTILITY DISTRICT SCHEDULE OF REVENUES & EXPENDITURES (Actuals + Remaining Budget) FISCAL YEAR 2018 APPROVED MOST BUDGET PROBABLE ACTUAL ACTUAL ACTUAL BUDGET BUDGET BUDGET BUDGET BUDGET BUDGET BUDGET BUDGET BUDGET BUDGET FY-2018 FY Oct-17 Nov-17 Dec-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 INFORMATION SERVICES Printing/Publicity/Mailing 17,850 16,276 1,177 1,272 1,277 4, , ,000 17,850 16,276 1,177 1,272 1,277 4, , ,000 SECURITY SERVICES Security Lights 41,000 42,961 3,559 2,981 3,221 2,933 4,533 4,933 3,233 4,033 1,733 4,033 2,633 4,033 4,037 Security Monitoring 8,600 7, , Security Supplies 15,000 1, Security Patrol 112, ,546 9,213 9,809 8,364 9,420 9,420 9,000 9,000 9,000 9,600 9,000 11,100 9,000 9, , ,854 13,337 13,356 12,150 13,603 14,803 14,783 13,083 13,883 12,183 13,883 14,583 13,883 13,927 MISCELLANEOUS Permits/Member Dues/Lic. 21,900 21, , Facilities Insurance 31,000 24, ,000-3,000 7, , ,000 Miscellaneous 25,000 23,951 2,094 2, ,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 3,000 77,900 69,307 2,111 20, ,400 2,400 5,400 9,400 2,400 2,400 9,400 2,400 2,400 10,400 TOTAL OPERATING EXP. 11,422,265 10,600, , , , , , , , , ,021 1,033,240 1,006, ,674 1,103,513 TOTAL OPER. GAIN/LOSS 338,985 1,105,176 4,568 77,386 1,828,036 1,488, , ,818 (299,011) (256,140) (278,882) (363,204) (325,649) (376,654) (432,483) CAPITAL OUTLAY Sampling Sites 33,000 33, ,000 Hydrant Replacement 126, ,000 3, ,102 Meter Vault Replacement 18,000 18, ,000 Irrigation Wells 500, , ,000 Mainline Valves 27,000 27, ,000 Mills Pond Dam 50,000 50, ,000 Maintenance Equipment 15,000 15, ,000 Capital Outlay 250, , ,000 LED Signs 50,000 50, ,000 Recreation Center Equipment 60,000 60, ,000 Skate Park 450, ,000 4,395 3,258 1,593 1, ,754 Dog Park 200, , ,691 Trail Lights 40,000 40, ,000 Park Trash Cans 40,000 40, ,000 Soccer Complex IT 15,000 15, , ,415 MP Pavillion Renovations 50,000 50, ,000 Mills Pond Improvements Ph3 40,000 40, ,000 Eastside Nature Park 100, , ,000 Tree Plantings 30,000 30, ,000 Landscape/Park Projects 150, ,000 16, ,085 WB Playscape 200, , , ,257 2,444,000 2,444,002 25, ,558 2,324 2, ,297,304 Total Expenditures 13,866,265 13,044, , , , , , , , , ,021 1,033,240 1,006, ,674 3,400,817 Excess Revenues (Exp.) (2,105,015) (1,338,825) (21,248) (41,172) 1,825,713 1,486, , ,818 (299,011) (256,140) (278,882) (363,204) (325,649) (376,654) (2,729,787) Un-audited Fund Balance 9/30/17: 8,758,119 Fund Balance Through Current Month: 10,521,412 Est Fund Balance Through 9/30/18: 7,419, of 18 See Accountant's Report

14 WELLS BRANCH MUNICIPAL UTILITY DISTRICT BUDGETARY COMPARISON SCHEDULE - GENERAL FUND December 31, 2017 CURRENT MONTH YEAR TO DATE ACTUAL BUDGET VARIANCE ACTUAL BUDGET VARIANCE Revenues: UTILITY SERVICES Basic Services 145, ,400 1, , ,200 3,502 Water Services Fees 190, ,671 14, , ,785 (112,613) Sewer Services Fees 226, ,537 22, , ,817 28,897 Service Penalties 5,722 9,968 (4,246) 19,022 25,792 (6,770) Drainage Fees 8,394 8, ,179 24,000 1, , ,576 34,157 1,773,790 1,859,594 (85,804) PARKS & RECREATION Recreational Fees 7,436 9,300 (1,864) 26,776 25, Commercial Pool Rentals ,285-3,285 Recreation Tags 5,150 3,000 2,150 15,663 9,000 6,663 Facilities Rental 7,515 6, ,330 16,200 4,130 Facilities Rental Security (350) (800) 20,101 19, ,054 51,900 14,154 TAXES & MISCELLANEOUS Property Tax 1,827,763 1,827, ,085,835 2,085,835 0 Property Tax Penalty Interest Investment 7,533 4,500 3,033 20,360 13,500 6,860 Miscellaneous Revenue 1,347 1,500 (153) 13,599 4,500 9,099 1,837,243 1,833,963 3,280 2,120,742 2,104,435 16,307 Total Revenues 2,434,077 2,395,839 38,238 3,960,586 4,015,929 (55,343) Expenditures: WATER & SEWER SERVICE Bulk Water Purchases 67, ,432 62, , , ,031 Bulk Water Purchases Base 18,602 20,457 1,855 55,803 61,371 5,568 Bulk Sewer Purchases 122, ,588 54, , , ,430 Utility Management 24,849 26,437 1,588 74,435 79,311 4,876 Water System Maint 4,407 9,333 4,926 41,641 27,999 (13,642) Sewer System Maint ,167 15,432 1,131 59,501 58,370 MS4 Permit 14,160 15, ,707 45,000 (64,707) Water & Sewer Service Fees 8,229 7,500 (729) 25,952 23,500 (2,452) Conservation Education , , , ,000 1,334, ,473 SOLID WASTE Garbage Collection 46,367 49,000 2, , ,000 5,914 46,367 49,000 2, , ,000 5,914 ADMINISTRATIVE Director Fees 2,099 2, ,490 7,752 2,262 Legal Fees 17,793 21,000 3,207 54,850 63,000 8,150 Legal-Special 440 2,500 2, ,500 7,060 Restrictive Covenants 75 1,333 1, ,999 3,344 Engineering Fees - General 1,400 1, ,316 4, Engineering Fees - Special 8,987 12,500 3,513 24,154 37,500 13,346 Auditing Fees Accounting Fees 5,278 5, ,018 16, Office Personnel 38,592 42,200 3, , ,600 3,900 Other Professional Consult. 7,614 15,000 7,386 20,293 45,000 24,707 Training/Conf/Travel-Employees 1,440 2,485 1,045 3,366 9,735 6,369 Training/Conf/Travel-Directors ,410 2,454 1,044 Tax Coll/Appr Fees 5,077 5, ,923 10, See Accountant's Report 14 of 18

15 WELLS BRANCH MUNICIPAL UTILITY DISTRICT BUDGETARY COMPARISON SCHEDULE - GENERAL FUND December 31, 2017 CURRENT MONTH YEAR TO DATE ACTUAL BUDGET VARIANCE ACTUAL BUDGET VARIANCE Office Supplies 533 2,583 2,050 5,532 7,749 2,217 Facility Utilities 3,410 6,400 2,990 12,125 19,100 6,975 Telephones (229) 2,665 1,950 (715) Mobile Phones 671 1, ,588 3,300 1, b Contributions/Exp 4,327 6,116 1,789 14,130 18,348 4,218 Homestead Operations ,138 1, Employee Insurance 17,582 29,924 12,342 51,200 92,106 40,906 Automation Equip Support 3,887 4, ,232 24,400 9,168 Bank Fees 1,114 1, ,295 3, Election Expenditures (67) , ,193 44, , , ,042 RECREATION PROGRAMMING Recreation Contractors 4,839 8,000 3,161 23,122 26,000 2,878 Recreation Employees 24,549 27,247 2,698 77,676 74,565 (3,111) Recreation Supplies 408 3,167 2,759 6,549 9,500 2,951 Recreation Event Supplies 2,545 6,000 3,455 7,925 37,000 29,075 Recreation Center Utility 4,365 4, ,641 14, Recreation Service Fees 908 1, ,058 3, Pool Maintenance 1,075 5,800 4,725 12,152 43,200 31,048 Pool Utilities - 1,835 1, ,935 2,332 Pool Personnel 12,791 15,748 2,957 43,441 49,288 5,847 51,480 73,630 22, , ,187 72,019 PARKS & REC. MAINT/SUPP/UTIL Greenbelt Maintenance 30,295 30,281 (14) 90,857 90,843 (14) Soccer Field Maintenance 10,790 10,790-32,828 32,370 (458) Special Projects & Tree Removal 4,280 10,000 5,720 4,280 20,000 15,720 Seasonal Landscape Maintenanc 33 10,000 9,967 15,901 55,000 39,099 Landscaping Plantings & Irrigatio - 20,000 20,000 24,449 40,000 15,551 Invasive Plant Maintenance Creek Stabilization Trail Repairs - 2,500 2,500-5,000 5,000 Disc Golf ,499 2,499 Park Fac. Maintenance 1,969 10,000 8,031 4,263 30,000 25,737 Greenbelt Utilities 1, (977) 3,691 1,305 (2,386) Compost Collection 6,363 12,919 6,556 23,172 35,386 12,214 Compost Distribution Office/Community Center 483 1,667 1, ,001 4,196 Fence Maintenance - 2,083 2,083 2,880 6,249 3,369 Maintenance & Supplies 7,231 10,000 2,769 25,088 30,000 4,912 Maintenance Personnel 48,587 66,000 17, , ,000 26,187 Vandalism Damages/Repairs Safety Equipment ,547 1,485 (62) 111, ,453 76, , , ,172 INFORMATION SERVICES Printing/Publicity/Mailing 1,277 4,000 2,723 3,726 5,300 1,574 1,277 4,000 2,723 3,726 5,300 1,574 SECURITY SERVICES Security Lights 3,221 2,933 (288) 9,760 7,799 (1,961) Security Monitoring 566 1, ,697 2,750 1,053 Security Supplies ,200 13,200 Security Patrol 8,364 9,420 1,056 27,386 27, ,150 13,603 1,453 38,843 51,589 12,746 See Accountant's Report 15 of 18

16 WELLS BRANCH MUNICIPAL UTILITY DISTRICT BUDGETARY COMPARISON SCHEDULE - GENERAL FUND December 31, 2017 CURRENT MONTH YEAR TO DATE ACTUAL BUDGET VARIANCE ACTUAL BUDGET VARIANCE MISCELLANEOUS Permits/Member Dues/Lic ,756 18, Facilities Insurance - 7,000 7,000-7,000 7,000 Miscellaneous 193 2,000 1,807 4,951 6,000 1, ,400 9,107 22,707 31,300 8,593 TOTAL OPERATING EXP. 606, , ,153 2,050,596 2,872, ,534 TOTAL OPER. GAIN/LOSS 1,828,036 1,488, ,390 1,909,990 1,143, ,191 CAPITAL OUTLAY Hydrant Replacement ,898 3,898 0 Skate Park 1,593 1,593 (0) 9,246 9,246 (0) Soccer Complex IT ,585 3,585 (0) Capital Outlay WB Playscape (0) 112, ,743 (1) Landscape/Park Projects ,915 16,915 (0) Dog Park (0) (0) 2,324 2,323 (1) 146, ,696 (2) Total Expendituers 608, , ,152 2,197,294 3,018, ,532 Excess Revenues (Exp.) 1,825,713 1,486, ,390 1,763, , ,190 See Accountant's Report 16 of 18

17 Wells Branch MUD Payroll Summary January 2018 Howard R Hagemann Janet Maxey Moises G Solis TOTAL Jan 18 Oct '17 - Jan 18 Jan 18 Oct '17 - Jan 18 Jan 18 Oct '17 - Jan 18 Jan 18 Oct '17 - Jan 18 Employee Wages, Taxes and Adjustments Gross Pay Wages , , , , , Total Gross Pay , , , , , Adjusted Gross Pay , , , , , Taxes Withheld Federal Withholding (91.00) (442.00) (25.00) (91.00) (467.00) Medicare Employee (8.70) (41.33) (8.70) (30.45) (4.35) (19.58) (21.75) (91.36) Social Security Employee (37.20) (176.70) (37.20) (130.20) (18.60) (83.70) (93.00) (390.60) Total Taxes Withheld (136.90) (660.03) (45.90) (160.65) (22.95) (128.28) (205.75) (948.96) Net Pay , , , , , Employer Taxes and Contributions Medicare Company Social Security Company Total Employer Taxes and Contributions of 18

18 Wells Branch Municipal Utility District Debt Service Schedule Series 1999 Total Due Date Paid Date Principal Interest Principal Interest 2/1/2017-6,454-6,454 8/1/ ,000 6,454 95,000 6,454 FY ,000 6,454 95,000 6,454 2/1/2018-4,364-4,364 8/1/ ,000 4,364 95,000 4,364 FY ,000 8,728 95,000 8,728 2/1/2019-2,250-2,250 8/1/ ,000 2, ,000 2,250 FY ,000 4, ,000 4,500 Total Debt Outstanding $ 195,000 $ 13,228 $ 195,000 $ 13,228 See Accountants' Report. 18 of 18