Wells Branch Municipal Utility District. Accounting Report. December 19, 2017

Transcription

1 Wells Branch Municipal Utility District Accounting Report December 19, 2017 Financial Highlights: The operating fund has cash and investments of approximately $8.9 million; the debt service fund cash/investment balance is $57,000. The month of October came in $264,000 ahead of plan. The majority is resulting from lower costs related to the COA wholesale water and sewer rates. Year to date we re $264,000 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 October was $40,000. The rate adjustments from 6/14 to 10/17 totals $1,774,000. The billing credit given for October was $40,000 and to date is $1,108,000. Capital spending for the month totaled $25,000. The operating fund balance through October 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). BOARD PACKET DECEMBER 19 TH, 2017 AGENDA ITEM #2 1 of 17

2 Cash / Investment Activity Report 2 of 17

3 Wells Branch M.U.D. Cash/Investment Activity Report October 31, December 19, 2017 Projected Balance Subsequent Subsequent Transfers to be Balance 10/31/2017 Receipts Disbursements Approved 12/19/ /19/2017 General Fund - Chase Bank (Operating) Master Account $ 100, $ - $ - $ - $ 100, Controlled Disbursements Payroll Chase Bank (Operating) 100, , Chase (Manager's) 19, , FSBCT Operating Account (40,046.53) 668, (668,764.51) - (40,046.53) FSBCT Manager's Account 26, , (47,566.36) - 39, FSBCT Sweep Account 299, ,955, (728,853.97) - 1,525, Compass Lockbox 1,337, , (1,955,145.67) JP Morgan Chase (Sweep) 870, , Texpool (Operating) 6,417, ,417, Total - General Fund 9,031, ,301, (3,400,330.51) - 8,932, Debt Service Fund - Texpool (Tax) 30, , Texpool (Debt Service) 26, , Total - Debt Service Fund 57, , Total - All Funds $ 9,089, $ 3,301, $ (3,400,330.51) $ - $ 8,989, Transfer Letter Information: 3 of 17

4 Financial Statements 4 of 17

5 Wells Branch M.U.D. Accountant's Compilation Report October 31, 2017 i Management is responsible for the accompanying financial statements of Wells Branch M.U.D. (a govemmental entity), which comprise the governmental funds balance sheet as of October 31, 2017 and the related statement of revenues, expenditures and changes in fund balance for the one month 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 fonn 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 complied 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'informatlon 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. December 12, 2017 Round Rock, TX BOTT & DOUTHITT, P.L.L.C. 5 of 17

6 Wells Branch Municipal Utility District Governmental Funds Balance Sheet October 31, 2017 Assets Cash and Cash Equivalents Cash 1,744, Governmental Funds Governmental General Debt Service Funds Fund Fund Total $ $ - $ 1,744, Investments 7,287, , ,345, Receivables Service Accounts, net 986, , Property Taxes 4,426, , ,547, Other 154, , Due from Other Funds 23, , Total Assets $ 14,623, $ 178, $ 14,801, Liabilities Accounts Payable $ 376, $ - $ 376, Bank In Transit Accrued Expenses 116, , Refundable Deposits 937, , Other Liabilities 11, , Deferred Revenue 4,444, , ,565, Due to Other Funds - 23, , Total Liabilities 5,886, , ,030, Fund Balance Fund Balances: Restricted for Debt Service - 33, , Assigned 2,105, ,105, Unassigned 6,631, ,631, Total Fund Balances 8,736, , ,770, Total Liabilities and Fund Balances $ 14,623, $ 178, $ 14,801, See Accountants' Report. 6 of 17

7 Wells Branch Municipal Utility District Statement of Revenues, Expenditures & Changes in Fund Balance-Governmental Funds October 1, October 31, 2017 Governmental Funds Governmental General Debt Service Funds Fund Fund Total Revenues: Water, Wastewater and Garbage Service $ 614, $ - $ 614, Recreational Fees 31, , Property Taxes, Including Penalties 13, , Interest 6, , Other 8, , Total Revenues 674, , Expenditures: Current- Water, Wastewater and Garbage 271, , Salary and Related Expenditures 137, , Park, Pool and Programming 93, , Management Services 24, , Office 17, , Insurance 16, , Covenant Compliance Security Lighting and Services 13, , Compost 8, , Repairs and Maintenance 10, , Legal Fees 20, , Director Fees 2, , Engineering Fees 25, , Other Consulting Fees 6, , Audit Fees Bookkeeping Fees 5, , Tax Appraisal/Collection Fees Other 15, , Capital Outlay 25, , Debt Service: Principal Payments Interest and Fiscal Charges Total Expenditures 696, , Excess/(Deficiency) of Revenues over Expenditures (21,247.99) (20,922.41) Net Change in Fund Balance (21,247.99) (20,922.41) Fund Balance, October 1, ,758, , ,791, Fund Balance, October 31, 2017 $ 8,736, $ 33, $ 8,770, See Accountants' Report. 7 of 17

8 Supplementary Information Index General Fund -- Projection of Revenues & Expenses -- Budgetary Comparison Schedule -- Director Fee Report Debt Service Fund -- Debt Service Schedule 8 of 17

9 WELLS BRANCH MUNICIPAL UTILITY DISTRICT BUDGETARY COMPARISON SCHEDULE - GENERAL FUND October 31, 2017 YEAR TO DATE ANNUAL ACTUAL BUDGET VARIANCE BUDGET Revenues: Utility Services 614, ,537 (90,903) 6,981,679 Parks & Recreation 31,101 16,300 14, ,000 Taxes & Miscellaneous 29,073 14,761 14,312 4,355,571 Total Revenues 674, ,598 (61,790) 11,761,250 Expenditures: Water & Sewer Services 281, , ,755 5,405,926 Solid Waste 48,841 49, ,000 Administrative 127, ,592 50,872 1,977,066 Recreation Programming 62, ,116 40,117 1,202,203 Parks & Rec. Maint/Supp/Util 132, ,229 26,090 1,976,720 Information Services 1, (527) 17,850 Security Services 13,337 13,183 (154) 176,600 Miscellaneous 2,111 2, ,900 Total Operating Expenditures 670, , ,601 11,422,265 Total Operating Gain/(Loss) 4,568 (260,243) 264, ,985 Capital Outlay 25,816 25, ,444,000 Total Expenditures 696,056 1,022, ,601 13,866,265 Excess Revenues (Expenditures) (21,248) (286,059) 264,811 (2,105,015) See Accountant's Report 9 of 17

10 WELLS BRANCH MUNICIPAL UTILITY DISTRICT SCHEDULE OF REVENUES & EXPENDITURES (Actuals + Remaining Budget) FISCAL YEAR 2018 APPROVED MOST BUDGET PROBABLE ACTUAL BUDGET BUDGET BUDGET BUDGET BUDGET BUDGET BUDGET BUDGET BUDGET BUDGET BUDGET BUDGET FY-2018 FY Oct-17 Oct-17 Nov-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 1,734, , , , , , , , , , , , , ,400 Water Services Fees 2,501,889 2,408, , , , , , , , , , , , , ,960 Sewer Services Fees 2,574,622 2,575, , , , , , , , , , , , , ,270 Application Fee Service Penalties 76,368 76,653 7,191 6,906 8,918 9,968 4,603 5,977 6,724 5,546 5,097 5,344 5,898 5,448 5,939 Drainage Fees 96,000 96,402 8,402 8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000 6,981,679 6,890, , , , , , , , , , , , , ,569 PARKS & RECREATION Recreational Fees 200, ,070 11,370 8,300 8,300 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, ,786 5,786 3,000 3,000 3,000 5,000 5,000 7,000 14,000 15,000 23,000 11,000 6,000 5,000 Facilities Rental 100, ,885 10,660 4,775 4,775 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, , ,801 31,101 16,300 16,300 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 4,285,439 13,729 8,561 64,204 1,669,304 1,326,883 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 56,045 6,545 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 Miscellaneous Revenue 18,000 25,050 8,550 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 4,355,571 4,369,883 29,073 14,761 70,404 1,675,504 1,333,083 1,157,992 15,161 14,861 14,761 14,761 14,761 14,761 14,761 Total Revenues 11,761,250 11,699, , , ,185 2,237,380 1,917,507 1,699, , , , , , , ,030 Expenditures: WATER & SEWER SERVICE Bulk Water Purchases 1,894,078 1,765,321 81, , , , , , , , , , , , ,958 Bulk Water Purchases Base 245, ,627 18,600 20,457 20,457 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 2,098, , , , , , , , , , , , , ,740 Utility Management 317, ,572 24,765 26,437 26,437 26,437 26,437 26,437 26,437 26,437 26,437 26,437 26,437 26,437 26,437 Water System Maint 112, ,331 10,664 9,333 9,333 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 19,167 16,167 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, ,298 14,298 15,000 15,000 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 95,829 9,329 8,500 7,500 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 5,196, , , , , , , , , , , , , ,092 SOLID WASTE Garbage Collection 588, ,841 48,841 49,000 49,000 49,000 49,000 49,000 49,000 49,000 49,000 49,000 49,000 49,000 49, , ,841 48,841 49,000 49,000 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 30,518 2,099 2,584 2,584 2,584 2,584 2,584 2,584 2,584 2,584 2,584 2,584 2,579 2,584 Legal Fees 252, ,439 20,439 21,000 21,000 21,000 21,000 21,000 21,000 21,000 21,000 21,000 21,000 21,000 21,000 Legal-Special 30,000 27,500-2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 Restrictive Covenants 16,000 15, ,333 1,333 1,333 1,333 1,333 1,333 1,333 1,333 1,333 1,333 1,333 1,337 Engineering Fees - General 18,000 17,969 1,469 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 Engineering Fees - Special 150, ,698 10,198 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 See Accountant's Report 10 of 17

11 WELLS BRANCH MUNICIPAL UTILITY DISTRICT SCHEDULE OF REVENUES & EXPENDITURES (Actuals + Remaining Budget) FISCAL YEAR 2018 APPROVED MOST BUDGET PROBABLE ACTUAL BUDGET BUDGET BUDGET BUDGET BUDGET BUDGET BUDGET BUDGET BUDGET BUDGET BUDGET BUDGET FY-2018 FY Oct-17 Oct-17 Nov-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 66,620 5,370 5,500 5,500 5,500 5,500 6,250 5,500 5,500 5,500 5,500 5,500 5,500 5,500 Office Personnel 485, ,527 40,687 42,200 39,200 42,200 40,700 39,200 40,200 40,200 39,200 40,200 42,200 39,200 40,340 Other Professional Consult. 180, ,516 6,516 15,000 15,000 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 23,282 1,175 6,050 1,200 2,485 5,350 1,800 1,000 1,350 5, ,200 1, Train/Conf/Travel-Directors 19,000 18, , Tax Coll/Appr Fees 26,500 22, ,500-5, , , ,500 Office Supplies 31,000 31,386 2,969 2,583 2,583 2,583 2,583 2,583 2,583 2,583 2,583 2,583 2,583 2,583 2,587 Facility Utilities 65,400 62,730 5,330 8,000 4,700 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 12, ,100 1,100 1,100 1,100 1,100 1,100 1,100 1,100 1,100 1,100 1,100 1, b Contributions/Exp 73,392 72,073 4,797 6,116 6,116 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, ,321 16,155 32,258 29,924 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 68,608 6,808 10,800 8,800 4,800 9,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 Bank Fees 14,400 14,280 1,080 1,200 1,200 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 1,926, , , , , , , , , , , , , ,058 RECREATION PROGRAMMING Recreation Contractors 133, ,512 10,512 10,000 8,000 8,000 6,000 12,000 12,000 10,000 10,000 15,000 15,000 15,000 12,000 Recreation Employees 363, ,940 24,807 24,647 22,671 27,247 24,855 23,711 25,687 25,999 25,167 45,759 46,383 47,215 24,439 Recreation Supplies 38,000 38,885 4,051 3,166 3,167 3,167 3,166 3,167 3,167 3,166 3,167 3,167 3,166 3,167 3,167 Recreation Event Supplies 125, ,059 2,059 9,000 22,000 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 56,652 3,485 4,833 4,833 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 24,472 1,272 1,200 1,000 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, ,600 5,800 5,800 5,800 5,800 7,800 7,800 10,600 5,800 5,800 5,800 5,800 Pool Utilities 11,210 11, ,835 1,350 2, Pool Personnel 344, ,821 15,328 18,120 15,420 15,748 15,748 14,990 16,508 17,940 31,029 56,000 61,499 56,066 25,545 1,202,203 1,162,086 62, ,116 83,441 73,630 69,252 78,701 76,920 76,288 96, , , ,031 84,738 PARKS & REC. MAINT/SUPP/UTIL Greenbelt Maintenance 363, ,375 30,281 30,281 30,281 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 40, ,000 10, , ,000 - Seasonal Landscape Maint 105, ,799 15,799 20,000 25,000 10, ,000-10,000 - Landscaping Plantings & Irrigatio 60,000 60, ,000 20,000-20, Invasive Plant Maintenance 35,000 35, ,000 Creek Stabilization 25,000 25, , , Trail Repairs 13,000 13, ,500 2,500 2,500 2, , Disc Golf 10,000 9, Park Fac. Maintenance 120, ,024 1,024 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 Greenbelt Utilities 5,680 6,461 1, Compost Collection 175, ,029 8,579 11,795 10,672 12,919 19,659 19,097 15,727 14,323 14,042 16,289 15,446 12,919 12,357 Compost Distribution 3,600 3, Office/Community Center 20,000 18, ,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,663 Fence Maintenance 25,000 23, ,083 2,083 2,083 2,083 2,083 2,083 2,083 2,083 2,083 2,083 2,083 2,087 Maintenance & Supplies 120, ,647 10,647 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 Maintenance Personnel 716, ,131 52,131 59,000 57,000 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 1,950, , , , , , , , , , , , , , of 17 See Accountant's Report

12 WELLS BRANCH MUNICIPAL UTILITY DISTRICT SCHEDULE OF REVENUES & EXPENDITURES (Actuals + Remaining Budget) FISCAL YEAR 2018 APPROVED MOST BUDGET PROBABLE ACTUAL BUDGET BUDGET BUDGET BUDGET BUDGET BUDGET BUDGET BUDGET BUDGET BUDGET BUDGET BUDGET FY-2018 FY Oct-17 Oct-17 Nov-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 18,377 1, , , ,000 17,850 18,377 1, , , ,000 SECURITY SERVICES Security Lights 41,000 41,626 3,559 2,933 1,933 2,933 4,533 4,933 3,233 4,033 1,733 4,033 2,633 4,033 4,037 Security Monitoring 8,600 8, , , Security Supplies 15,000 14, , Security Patrol 112, ,213 9,213 9,000 9,420 9,420 9,420 9,000 9,000 9,000 9,600 9,000 11,100 9,000 9, , ,754 13,337 13,183 24,803 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 31, ,000-3,000 7, , ,000 Miscellaneous 25,000 25,094 2,094 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 3,000 77,900 77,611 2,111 2,400 19,500 9,400 2,400 5,400 9,400 2,400 2,400 9,400 2,400 2,400 10,400 TOTAL OPERATING EXP. 11,422,265 11,095, , , , , , , , , ,021 1,033,240 1,006, ,674 1,103,513 TOTAL OPER. GAIN/LOSS 338, ,796 4,568 (260,243) (269,911) 1,330,187 1,053, ,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 3,898 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 4, ,605 Dog Park 200, , ,000 Trail Lights 40,000 40, ,000 Park Trash Cans 40,000 40, ,000 Soccer Complex IT 15,000 15, ,305 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 16,828 16, ,172 WB Playscape 200, , ,000 2,444,000 2,444,000 25,816 25, ,418,184 Total Expenditures 13,866,265 13,539, ,056 1,022, , , , , , , ,021 1,033,240 1,006, ,674 3,521,697 Excess Revenues (Exp.) (2,105,015) (1,840,204) (21,248) (286,059) (269,911) 1,330,187 1,053, ,818 (299,011) (256,140) (278,882) (363,204) (325,649) (376,654) (2,850,667) Un-audited Fund Balance 9/30/17: 8,758,119 Fund Balance Through Current Month: 8,736,871 Est Fund Balance Through 9/30/18: 6,917, of 17 See Accountant's Report

13 WELLS BRANCH MUNICIPAL UTILITY DISTRICT BUDGETARY COMPARISON SCHEDULE - GENERAL FUND October 31, 2017 CURRENT MONTH YEAR TO DATE ACTUAL BUDGET VARIANCE ACTUAL BUDGET VARIANCE Revenues: UTILITY SERVICES Basic Services 145, ,400 1, , ,400 1,405 Water Services Fees 224, ,436 (93,795) 224, ,436 (93,795) Sewer Services Fees 228, , , , Service Penalties 7,191 6, ,191 6, Drainage Fees 8,402 8, ,402 8, , ,537 (90,903) 614, ,537 (90,903) PARKS & RECREATION Recreational Fees 11,370 8,300 3,070 11,370 8,300 3,070 Commercial Pool Rentals 3,285-3,285 3,285-3,285 Recreation Tags 5,786 3,000 2,786 5,786 3,000 2,786 Facilities Rental 10,660 4,775 5,885 10,660 4,775 5,885 Facilities Rental Security (225) (225) 31,101 16,300 14,801 31,101 16,300 14,801 TAXES & MISCELLANEOUS Property Tax 13,729 8,561 5,168 13,729 8,561 5,168 Property Tax Penalty Interest Investment 6,545 4,500 2,045 6,545 4,500 2,045 Miscellaneous Revenue 8,550 1,500 7,050 8,550 1,500 7,050 29,073 14,761 14,312 29,073 14,761 14,312 Total Revenues 674, ,598 (61,790) 674, ,598 (61,790) Expenditures: WATER & SEWER SERVICE Bulk Water Purchases 81, , ,757 81, , ,757 Bulk Water Purchases Base 18,600 20,457 1,857 18,600 20,457 1,857 Bulk Sewer Purchases 122, ,588 54, , ,588 54,945 Utility Management 24,765 26,437 1,672 24,765 26,437 1,672 Water System Maint 10,664 9,333 (1,331) 10,664 9,333 (1,331) Sewer System Maint ,167 23, ,167 23,982 MS4 Permit 14,298 15, ,298 15, Water & Sewer Service Fees 9,329 8,500 (829) 9,329 8,500 (829) Conservation Education , , , , , ,755 SOLID WASTE Garbage Collection 48,841 49, ,841 49, ,841 49, ,841 49, ADMINISTRATIVE Director Fees 2,099 2, ,099 2, Legal Fees 20,439 21, ,439 21, Legal-Special - 2,500 2,500-2,500 2,500 Restrictive Covenants 430 1, , Engineering Fees - General 1,469 1, ,469 1, Engineering Fees - Special 10,198 12,500 2,302 10,198 12,500 2,302 Auditing Fees Accounting Fees 5,370 5, ,370 5, Office Personnel 40,687 42,200 1,513 40,687 42,200 1,513 Other Professional Consult. 6,516 15,000 8,484 6,516 15,000 8,484 Training/Conf/Travel-Employees 1,175 6,050 4,875 1,175 6,050 4,875 Training/Conf/Travel-Directors Tax Coll/Appr Fees 13 4,500 4, ,500 4,487 See Accountant's Report 13 of 17

14 WELLS BRANCH MUNICIPAL UTILITY DISTRICT BUDGETARY COMPARISON SCHEDULE - GENERAL FUND October 31, 2017 CURRENT MONTH YEAR TO DATE ACTUAL BUDGET VARIANCE ACTUAL BUDGET VARIANCE Office Supplies 2,969 2,583 (386) 2,969 2,583 (386) Facility Utilities 5,330 8,000 2,670 5,330 8,000 2,670 Telephones (245) (245) Mobile Phones 515 1, , b Contributions/Exp 4,797 6,116 1,319 4,797 6,116 1,319 Homestead Operations Employee Insurance 16,155 32,258 16,103 16,155 32,258 16,103 Automation Equip Support 6,808 10,800 3,992 6,808 10,800 3,992 Bank Fees 1,080 1, ,080 1, Election Expenditures (67) - 67 (67) , ,592 50, , ,592 50,872 RECREATION PROGRAMMING Recreation Contractors 10,512 10,000 (512) 10,512 10,000 (512) Recreation Employees 24,807 24,647 (160) 24,807 24,647 (160) Recreation Supplies 4,051 3,166 (885) 4,051 3,166 (885) Recreation Event Supplies 2,059 9,000 6,941 2,059 9,000 6,941 Recreation Center Utility 3,485 4,833 1,348 3,485 4,833 1,348 Recreation Service Fees 1,272 1,200 (72) 1,272 1,200 (72) Pool Maintenance ,600 30, ,600 30,718 Pool Utilities (53) (53) Pool Personnel 15,328 18,120 2,792 15,328 18,120 2,792 62, ,116 40,117 62, ,116 40,117 PARKS & REC. MAINT/SUPP/UTIL Greenbelt Maintenance 30,281 30,281 (0) 30,281 30,281 (0) Soccer Field Maintenance 11,248 10,790 (458) 11,248 10,790 (458) Special Projects & Tree Removal Seasonal Landscape Maintenance 15,799 20,000 4,201 15,799 20,000 4,201 Landscaping Plantings & Irrigation Invasive Plant Maintenance Creek Stabilization Trail Repairs Disc Golf Park Fac. Maintenance 1,024 10,000 8,976 1,024 10,000 8,976 Greenbelt Utilities 1, (781) 1, (781) Compost Collection 8,579 11,795 3,216 8,579 11,795 3,216 Compost Distribution Office/Community Center 220 1,667 1, ,667 1,447 Fence Maintenance 500 2,083 1, ,083 1,583 Maintenance & Supplies 10,647 10,000 (647) 10,647 10,000 (647) Maintenance Personnel 52,131 59,000 6,869 52,131 59,000 6,869 Vandalism Damages/Repairs Safety Equipment , ,229 26, , ,229 26,090 INFORMATION SERVICES Printing/Publicity/Mailing 1, (527) 1, (527) 1, (527) 1, (527) SECURITY SERVICES Security Lights 3,559 2,933 (626) 3,559 2,933 (626) Security Monitoring 566 1, , Security Supplies Security Patrol 9,213 9,000 (213) 9,213 9,000 (213) 13,337 13,183 (154) 13,337 13,183 (154) See Accountant's Report 14 of 17

15 WELLS BRANCH MUNICIPAL UTILITY DISTRICT BUDGETARY COMPARISON SCHEDULE - GENERAL FUND October 31, 2017 CURRENT MONTH YEAR TO DATE ACTUAL BUDGET VARIANCE ACTUAL BUDGET VARIANCE MISCELLANEOUS Permits/Member Dues/Lic Facilities Insurance Miscellaneous 2,094 2,000 (94) 2,094 2,000 (94) 2,111 2, ,111 2, TOTAL OPERATING EXP. 670, , , , , ,601 TOTAL OPER. GAIN/LOSS 4,568 (260,243) 264,811 4,568 (260,243) 264,811 CAPITAL OUTLAY Hydrant Replacement 3,898 3, ,898 3,898 0 Skate Park 4,395 4,395-4,395 4,395 - Soccer Complex IT (0) (0) Landscape/Park Projects 16,828 16, ,828 16, ,816 25, ,816 25,816 0 Total Expendituers 696,056 1,022, , ,056 1,022, ,601 Excess Revenues (Exp.) (21,248) (286,059) 264,811 (21,248) (286,059) 264,811 See Accountant's Report 15 of 17

16 Wells Branch MUD Payroll Summary November 2017 Howard R Hagemann Janet Maxey Moises G Solis TOTAL Nov 17 Oct - Nov 17 Nov 17 Oct - Nov 17 Nov 17 Oct - Nov 17 Nov 17 Oct - Nov 17 Employee Wages, Taxes and Adjustments Gross Pay Wages , Total Gross Pay , Adjusted Gross Pay , Taxes Withheld Federal Withholding 0.00 (117.00) (20.00) (20.00) (20.00) (137.00) Medicare Employee 0.00 (10.88) (4.35) (13.05) (8.70) (8.70) (13.05) (32.63) Social Security Employee 0.00 (46.50) (18.60) (55.80) (37.20) (37.20) (55.80) (139.50) Total Taxes Withheld 0.00 (174.38) (22.95) (68.85) (65.90) (65.90) (88.85) (309.13) Net Pay , Employer Taxes and Contributions Medicare Company Social Security Company Total Employer Taxes and Contributions of 17

17 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. 17 of 17