April 30, 2015 For the first seven months of FY , the General Fund has collected 78% of revenues, primarily due to property taxes. Expenditur

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April 30, 2015 For the first seven months of FY 2014-2015, the General Fund has collected 78% of revenues, primarily due to property taxes. Expenditures are 55% of budget.

43 April 30, 2015 For the first seven months of FY , the General Fund has collected 78% of revenues, primarily due to property taxes. Expenditures are 55% of budget. The Fire Department has spent 60% of budgeted expenditures due to making the $107,000 lease payment for an ambulance and brush truck in October. For the first six months of the fiscal year, the Enterprise Fund collected 52% of revenues. Actual Enterprise Fund expenditures are only 48% of budgeted expenditures due to the seasonal nature of utilities. Expenditures by Classification Budget Actual Percent of Budget Salaries & Benefits $ 4,750,672 $ 2,565,415 54% Supplies & Materials 430, ,240 46% Maintenance & Operations 7,134,885 3,716,297 52% Contract Services 1,202, ,185 61% Utilities 601, ,473 48% Capital Expenses 518, ,533 46% Debt Service 1,433, ,265 25% Other Department Expense 81,457 34,563 42% Transfers 980, ,194 59% Total $ 17,133,084 $ 8,706,165 51% Contract Services is high because it includes the annual payment for Workers Compensation, Property, and Liability Insurance of $144,318. Transfers are high because $350,000 of property tax dedicated to street maintenance was transferred from the General Fund to the CIP fund in February.

44 CITY OF SANGER, TEXAS GENERAL FUND REVENUE & EXPENDITURES April 30, 2015 YTD OVER BUDGET REVENUE - GENERAL FUND ACTUAL BUDGET (UNDER) BUDGET GENERAL FUND REVENUE Taxes 2,625,263 2,810,500 (185,237) Property % 1,671,380 BUDGET AND ACTUAL Franchise Fees 458, ,450 (292,530) $3,000,000 All other % 2,910,970 Solid Waste 429, ,000 (275,246) Licenses & Permits 57, ,200 (70,504) $2,500,000 - Fines & Forefeitures 79, ,400 (75,785) Department Revenues 372, ,000 (213,299) $2,000,000 4,582,350 Interest & Miscellaneous 67, ,500 (33,988) - TOTAL REVENUE 4,091,461 5,238,050 (1,146,589) $1,500,000 #REF! Actual Budget ACTUAL % OF BUDGETED REVENUE 78% $1,000,000 $500,000 $- Taxes Franchise Fees Solid Waste Licenses & Permits Fines & Forefeitures Departmental Revenues Interest & Miscellaneous 93% 61% 61% 45% 51% 64% 67% EXPENDITURES - GENERAL FUND YTD ACTUAL BUDGET (OVER) BUDGET UNDER BUDGET Administration 230, , ,571 Police & Animal Control 830,909 1,474, ,966 Fire & Ambulance 582, , ,325 Municipal Court 117, , ,268 Development Services 141, , ,624 Streets 259, , ,039 Parks & Recreation 272, , ,779 Library 148, , ,811 Solid Waste 387, , ,233 TOTAL EXPENDITURES 2,971,254 5,362,870 2,391,616 REVENUE OVER (UNDER) EXPENDITURES 1,120,207 (124,820) 1,245,027 OTHER FINANCING SOURCES (USES) Transfer In 49, ,535 (443,952) Transfer Out (350,000) (350,000) - TOTAL OTHER SOURCES (USES) (300,417) 143,535 (443,952) CHANGE IN FUND BALANCE 819,790 18, ,075 FUND BALANCE - BOY 1,084,287 1,084,287 - FUND BALANCE - EOY 1,904,077 1,103, ,075 $1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $- Administration EXPECTED % OF BUDGETED REVENUE 58% Police & Animal Control GENERAL FUND EXPENDITURES BUDGET AND ACTUAL Fire & Ambulance Municipal Court Development Services Streets Parks & Recreation Library Actual Budget Solid Waste 53% 56% 60% 53% 55% 49% 48% 57% 61% ACTUAL % OF BUDGETED EXPENDITURES 55% EXPECTED % OF BUDGETED EXPENDITURES 58%

45 CITY OF SANGER, TEXAS ENTERPRISE FUND REVENUE & EXPENDITURES April 30, 2015 REVENUE - ENTERPRISE FUND YTD ACTUAL BUDGET OVER BUDGET (UNDER) BUDGET Water 773,963 1,577,500 (803,537) Wastewater 738,611 1,400,000 (661,389) Electric 4,361,211 8,230,000 (3,868,789) Penalties & Fees 116, ,000 (98,893) Interest 6,476 10,000 (3,524) Miscellaneous 20,200 36,000 (15,800) TOTAL REVENUE 6,016,568 11,468,500 (5,451,932) $9,000,000 $8,000,000 $7,000,000 $6,000,000 ENTERPRISE FUND REVENUE BUDGET AND ACTUAL ACTUAL BUDGET $5,000,000 ACTUAL % OF BUDGETED REVENUE 52% $4,000,000 $3,000,000 $2,000,000 $1,000,000 $- Water* Wastewater Electric Penalties & Fees Interest Miscellaneous 49% 53% 53% 54% 65% 56% EXPECTED % OF BUDGETED REVENUE 58% EXPENDITURES - ENTERPRISE FUND YTD ACTUAL BUDGET (OVER) BUDGET UNDER BUDGET Administration 537,718 1,031, ,602 Water 588,499 1,278, ,131 Wastewater 287, , ,797 Electric 3,592,975 6,592,054 2,999,079 Debt Service 149,499 1,224,385 1,074,886 TOTAL EXPENDITURES 5,155,719 10,790,214 5,634,495 $7,000,000 $6,000,000 ENTERPRISE FUND EXPENDITURES BUDGET AND ACTUAL Actual Budget REVENUE OVER (UNDER) EXPENDITURES 860, , ,563 $5,000,000 OTHER FINANCING SOURCES (USES) Transfer to General Fund (250,000) 250,000 Transfer to 4A (25,000) 25,000 Transfer to WW CIP Reserve (81,667) (120,000) 38,333 Transfers to Storm Recovery Fund (97,942) (150,000) 52,058 Transfer to General Fund - PILOT (49,583) (85,000) 35,417 TOTAL OTHER SOURCES (USES) (229,192) (630,000) 400,808 $4,000,000 $3,000,000 $2,000,000 CHANGE IN FUND BALANCE 631,657 48, ,371 $1,000,000 FUND BALANCE- BOY 4,221,376 4,221,376 - FUND BALANCE - EOY 4,853,033 4,269, ,371 ACTUAL % OF BUDGETED EXPENDITURES 48% $- Administration Water Wastewater Electric Debt Service 52% 46% 43% 55% 12% EXPECTED % OF BUDGETED EXPENDITURES 58%

46 CITY OF SANGER, TEXAS CASH AND INVESTMENTS April 30, 2015 GENERAL FUND ENTERPRISE FUND DEBT SERVICE FUND CAPITAL PROJECTS FUND TOTAL Unrestricted: Cash for Operations $ 992,430 $ 1,312,825 $ - $ - $ 2,305,255 Contingency Reserves for Operations 1,002,334 1,001,413 2,003,747 Capital Projects: General Capital Projects 796, ,310 Enterprise Capital Projects - 5,840,103 5,840,103 Restricted: Debt service 997,874 1,048,128 2,046,002 Water Deposits 355, ,736 Equipment Replacement 146, , ,357 Electric Storm Recovery 407,069 Hotel Occupancy Tax 32,414 32,414 Keep Sanger Beautiful (KSB) 5,526 5,526 Library 75,468 75,468 Court Security 7,624 7,624 Court Technology 1,060 1,060 Donations 11,171 11,171 TOTAL CASH AND INVESTMENTS $ 2,274,968 $ 4,175,333 $ 1,048,128 $ 6,636,413 $ 13,727,773 Water Deposits 3% Equipment Replacement 2% Cash for Operations 17% Of the $13.7 million in Total Cash: 48% is dedicated to Capital Projects 15% is dedicated to Debt Service Debt service 15% Contingency Reserves for Operations 15% Cash available for operations is $2.3 million or 17% of total cash and investments. Contengency reserves for operations is $2 million or 15% of total cash and investments. Enterprise Capital Projects 42% General Capital Projects 6% General Fund unrestricted cash and investments is $2 million. This amount provides 4.46 months of working capital. Enterprise Fund unrestricted cash and investments is $2.3 million. This amount provides 2.57 months of working capital.

47 General Fund April 30, 2015 Name Acct. # Maturity Yield* Prior Period Current Balance Restricted Pooled Cash % $ 1,009,778 $ 944,578 Employee Benefits Fund % 47,543 47,552 Internal Service Fund , OPERATING ACCOUNTS $ 1,071,857 $ 992,430 GF Contingency Reserve MM % $ 591,090 $ 591,187 GF Contingency Reserve CD Prosperity /26/ % 205, ,573 GF Contingency Reserve CD /13/ % 205, ,574 CONTINGENCY RESERVE $ 1,002,025 $ 1,002,334 GF Equipment Replacement MM % $ 42,574 $ 84,457 Y GF Equipment Replacement CD /06/ % 62,463 62,484 Y EQUIPMENT REPLACEMENT RESERVES $ 105,037 $ 146,941 Hotel Occupancy Tax $ 27,060 $ 32,414 Y Beautification Board - KSB ,526 5,526 Y Library Restricted for Building Expansion ,953 24,953 Y Library Building Expansion CD /22/ % 50,496 50,515 Y Court Security Restricted Fund ,474 7,624 Y Court Technology Restricted Fund ,060 Y Police Donations ,910 3,910 Y Fire Donations ,075 3,075 Y Banner Account for Parks ,536 2,536 Y Library Donations ,650 1,650 Y OTHER $ 127,642 $ 133,263 TOTAL CASH AND INVESTMENTS $ 2,306,561 $ 2,274,968 TOTAL UNRESTRICTED $ 2,073,882 $ 1,994,764

48 Enterprise Fund April 30, 2015 Name Acct. # Maturity Yield Prior Period Current Balance Restricted Pooled Cash % $ 1,206,961 $ 1,312,825 OPERATING ACCOUNTS $ 1,206,961 $ 1,312,825 Pooled Cash % $ 55,929 $ 55,736 Y Water Deposit CD /03/ % 300, ,000 Y WATER DEPOSIT REFUND ACCOUNT $ 355,929 $ 355,736 Combined EF Debt Service MM % 1,170, ,874 Y BOND FUNDS $ 1,170,342 $ 997,874 EF Contingency Reserve MM % $ 589,629 $ 589,726 EF Contingency Reserve CD /14/ % 308, ,432 EF Reserve CD /25/ % 103, ,255 CONTINGENCY RESERVES $ 1,001,181 $ 1,001,413 EF Storm Recovery MM- 2% Electric Rev % 393, ,069 Y EF Equipment Replacement MM % $ 100,042 $ 100,416 Y OTHER $ 493,055 $ 507,485 TOTAL CASH AND INVESTMENTS $ 6,461,032 $ 4,175,333 TOTAL UNRESTRICTED $ 2,208,142 $ 2,314,238

49 Cash and Investments April 30, 2015 DEBT SERVICE FUND Name Acct. # Maturity Yield Prior Period Current Balance Restricted Pooled Cash % $ 1,185,764 $ 991,382 Y DSF Money Market % 56,737 56,746 Y TOTAL RESTRICTED $ 1,242,501 $ 1,048,128 GENERAL CAPITAL PROJECTS FUND Name Acct. # Maturity Yield Prior Period Current Balance Restricted Pooled Cash % $ 799,736 $ 796,310 Y TOTAL RESTRICTED $ 799,736 $ 796,310 ENTERPRISE CAPITAL PROJECTS FUND Name Acct. # Maturity Yield Prior Period Current Balance Restricted Sewer Capital Improvements MM-10% Rev % $ 156,633 $ 168,325 Y Sewer Capital Reserve MM Tap Fees % 950, ,224 Y SEWER CAPITAL RESERVE - TAP FEES $ 1,106,743 $ 1,130,549 Y Water Capital Reserve MM % $ 1,220,547 $ 1,227,498 Y Pooled Cash % $ 1,502,685 $ 1,431,699 Y General CIP Money Market % 2,050,273 2,050,357 Y TOTAL RESTRICTED $ 5,880,248 $ 5,840,103

50 4A FUND Cash and Investments April 30, 2015 Name Acct. # Maturity Yield Prior Period Current Balance Restricted Pooled Cash % $ 194,362 $ 205,672 Y Cash NOW Prosperity % 590, ,408 Y 4A MM Prosperity % 466, ,469 Y Sanger TX Ind Corp CD /02/ % 93,893 93,913 Y TOTAL CASH AND INVESTMENTS $ 1,345,158 $ 1,351,462 4B FUND Cash and Investments April 30, 2015 Balance Name Acct. # Maturity Yield Prior Period Current Balance Restricted Pooled Cash % $ 154,630 $ 183,959 Y Cash MM % 189, ,389 Y 4B CD /03/ % 21,474 21,481 Y 4B CD /12/ % 21,233 21,240 Y 4B CD /05/ % 21,321 21,328 Y 4B CD /09/ % 21,271 21,279 Y 4B CD /14/ % 21,222 21,229 Y 4B CD /11/ % 21,140 21,148 Y 4B CD /14/ % 21,212 21,220 Y 4B CD /17/ % 21,328 21,336 Y 4B CD /18/ % 21,249 21,257 Y 4B CD /31/ % 21,061 21,069 Y 4B CD /19/ % 20,969 20,977 Y 4B CD /09/ % 20,737 20,745 Y 4B CD /09/ % 20,761 20,769 Y TOTAL CASH AND INVESTMENTS $ 618,989 $ 648,426

51 CITY OF SANGER, TEXAS INVESTMENT REPORT April 30, 2015 The Monthly Investment Report is in full compliance with the objectives, restrictions, and strategies as set forth in the City of Sanger's Investment Policy and Texas Government Code , the Public Funds Investment Act (PFIA). The City only invests in Money Market accounts and Certificates of Deposit. Interest is paid monthly on all accounts. Therefore, book value and market value are the same and the City does not have accrued interest on its investments. Ethics Disclosure and Conflicts of Interest In accordance with the PFIA, investment officers are required to file a disclosure statement with the Texas Ethics Commission and the governing body if: a. the officer has a business relationship with a business organization offering to engage in an investment transaction with the City (as defined in (i) (1-3); or b. the officer is related within the second degree by affinity or consanguinity, as determined under Chapter 573 of the Texas Government Code, to an individual seeking to transact investment business with the entity. PFIA (i). Mike Brice has a relationship with First United Bank that consists solely of a personal checking and savings account and a home mortgage. Cheryl Davenport has no business relationships with any organizations offering to engage in an investment transaction with the City. Cheryl Davenport Mike Brice Cheryl Davenport Finance Director Mike Brice City Manager

January 31, 2015 For the first four months of FY , the General Fund has collected 55% of revenues, primarily due to property taxes (75% colle

January 31, 2015 For the first four months of FY 2014-2015, the General Fund has collected 55% of revenues, primarily due to property taxes (75% collected through January). Expenditures through Janauary