City of Groesbeck. Budget FY

Transcription

1 City of Groesbeck Budget FY

2 BUDGET Fiscal Year Oct. 1, 2018 Sept. 30, 2019 This budget will raise more revenue from property taxes than last year's budget by an amount of $6,608, which is a 0.76 percent increase from last year's budget. The property tax revenue to be raised from new property added to the tax roll this year is $7,752. The members of the governing body voted on the budget as follows: FOR: Matthew Dawley, Tamikia Jackson, Warren Anglin AGAINST: None PRESENT and not voting: None ABSENT: Kim Harris, Mike Thompson Property Tax Rate Comparison Property Tax Rate: $0.7336/100 $0.7411/100 Effective Tax Rate: $0.7336/100 $0.7411/100 Effective Maintenance & Operations Rate $0.6952/100 $0.7411/100 Rollback Tax Rate: $0.7874/100 $0.8391/100 Debt Rate: $0.0366/100 $0.0388/100 Total debt obligation for CITY OF GROESBECK secured by property taxes: 44,037.

3 OVERVIEW OF FUNDS The City s budget is divided into several accounts, known as funds, because the use of the City s revenues is restricted to specific purposes. The various funds include the Revenue Fund, General Fund, the Bond Debt Fund, Meter Deposit Fund, Street Maintenance Tax Fund, Convention/Civic Center Fund, Volunteer Fire Department Amortization Fund, Hotel Motel Tax Fund and the Economic Development Corporation (EDC) Fund. REVENUE FUND The Revenue Fund, also known as an enterprise fund, is used to support the cost of providing safe and sanitary drinking water and wastewater treatment. Utility fees are charged to cover the cost of operations and repair/replacement expenses. GENERAL FUND The General Fund is the operating fund of the City. All general tax revenues and other receipts that are not restricted by law or contractual agreement to some other fund are accounted for in this fund. Departments operating in the General Fund include Administration, Municipal Court, Police, Code Enforcement, Volunteer Fire Department, Street, Parks, Library and Recycling Center. BOND DEBT FUND The Debt Service Fund is for bond debt payments and funded by utility fees and property taxes. The purpose and description of items covered by this Fund and the associated debt is on the accompanying schedule. METER DEPOSIT FUND The Meter Deposit Fund is a fiduciary fund of the monies received by water use customers paid as a deposit to secure water service through the city s water meters. This fund is restricted for the eventual refund of deposits that are warranted. STREET MAINTENANCE TAX FUND The Street Maintenance Fund is financed by a ¼ cent of the sales tax collections. The use of these funds is restricted by State Law for street maintenance purposes only. The Public Works Department continues to use the annual sales tax collections from this tax to perform street repairs that includes resurfacing of previously paved streets as well as spot repairs. CONVENTION CENTER FUND On May 10, 2008, the citizens of Groesbeck voted to authorize a ¼ cent of the sales tax to provide revenue for the Finance Construction of a Civic Center. In 2009 the Ordinance was amended to increase the Hotel Motel Tax by 2% for the purpose of financing the Convention/Civic Center construction and infrastructure. This increase went into effect when construction on the facility began in April The new Groesbeck Convention Center is a source of pride to the citizens of Groesbeck and is utilized frequently. VOLUNTEER FIRE DEPARTMENT AMORTIZATION FUND Because the Groesbeck Volunteer Fire Department assists in out-of-the-city fires and emergencies, Limestone County provides additional financial support in month payments. This fund is restricted for Volunteer Fire Department expenses.

4 HOTEL MOTEL TAX FUND The Ordinance approving a 7% collection of Hotel Motel Taxes was passed in Monies collected quarterly are deposited in this restricted fund. Only those expenses that qualify by Chapter 352 of the Texas Tax Code can be expended. ECONOMIC DEVELOPMENT CORPORATION FUND Under the authority of the Texas Local Government Code, Section 501, the Groesbeck Economic Development Corporation was formed as a Type B Corporation. City Ordinance states that ½ cent of the sales tax collected goes into this fund. CITY STAFF The City of Groesbeck has a total of 38 employees. The number in each department is as follows: Public Works o Administration 5 o Water Department 4 o Wastewater Department 3 General o Administration 5 o Municipal Court 2 o Code Enforcement 2 o Police Department 9 o Park 2 o Street 2 o Recycling Center 0 o Library 3 Street Maintenance 1

5 City of Groesbeck REVENUE - Budget Summary Revenue $ 1,789, Administration $ 265, Water Department $ 590, Waste Water Department $ 392, Bond Debt Payments $ 531, Total Expenses $ 1,779, Revenue less Expenses $ 10, GENERAL - Budget Summary General Fund-Revenue $ 2,169, Administration General $ 300, Municipal Court $ 152, Code Enforcement $ 124, Police $ 782, Fire $ 102, Street $ 358, Park $ 194, Recycle Center $ 8, Library $ 145, Total Expenses $ 2,169, Revenue less Expenses $ - Revenue fund balance $ 10, Revenue fund transfer to General Fund: $ - Reserve for Revenue / General Fund: $ 10,000.00

6 City of Groesbeck REVENUE - Budget Summary Revenue $ 1,789, Administration $ 265, Water Department $ 590, Waste Water Department $ 392, Bond Debt Payments $ 531, Total Expenses $ 1,779, Revenue less Expenses $ 10,000.00

7 Revenue Account Description R Water Sales $ 1,325, R Water Sales Bulk $ 2, R Water Taps $ 2, R Sewer Sales $ 625, R Sewer Taps $ R Sewer Dump Fee $ 25, R Sewer Trip Charge $ 25, R Sale of Scrap Materials $ 2, R Misc & Service Charge $ 20, R Penalties $ 30, R Interest Income $ 4, R Due from Reserves $ 19, R Water Tower Rent $ 3, R Due to General $ (294,197.00) FUND 01 Revenue Fund $ 1,789,803.00

8 Account Description Admin - Revenue Expenses E Payroll $ 150, E Overtime $ 1, E Audit $ 7, E Legal Fees $ E Social Security Taxes $ 11, E TMRS Retirement $ 3, E Utilities $ 5, E Office Equip Lease Contracts $ 5, E Technology Maintenance $ 6, E Building Maintenance & Repair $ 1, E Postage $ 9, E Janitor Supplies $ E Uniforms $ 1, E Office Supplies $ 2, E Telephone/Internet Utilities $ 5, E Insurance Building & Contents $ 1, E Insurance Workers Comp TML $ 1, E Insurance Bonds & Liability $ 3, E Insurance Vehicle $ 3, E Texas Workforce Comm $ E Insurance Hospital $ 20, E Gasoline $ 2, E Furniture and Fixtures $ E Office Equipment $ E Ordinance Codification $ E Technology Equipment $ 2, E Schools & Travel $ E Utility Billing Expense $ 5, E Credit Card Machine Expense $ 11, E Subscriptions & Membership $ 1, E Staff Special Services $ E Publications $ Dept 500 Admin - Rev $ 265,364.00

9 Account Description Water Department Expense E Payroll $ 136, E Overtime $ 4, E Engineering Fees $ 3, E Social Security Taxes $ 10, E TMRS Retirement $ 3, E Inspection - Annual Fee $ 6, E Permit & Application Fee $ 2, E Utilities $ 70, E Office Equip Lease Contracts $ 1, E UV Maintenance $ 22, E Maintenance of Lines $ 30, E Building Maintenance & Repair $ 6, E Maintenance of Water/Sewer Plt $ 20, E Dam Maintenance $ 2, E Maint-Storage Tank/Pump $ 11, E Chemicals - Chlorine $ 13, E Chemicals-Lime/Caustic Soda $ 3, E Chemical-Magna Flock $ 43, E Postage $ 1, E Janitor Supplies $ E Uniforms $ 1, E Office Supplies $ E Equipment Rental $ 1, E Supplies & Tools Maintenance $ 5, E Supplies & Tools Water Plant $ 6, E Equipment $ 3, E Mains $ 22, E Meters $ 8, E Pumps & Equipment $ 5, E Fire Hydrants $ 3, E Telephone/Internet Utilities $ 3, E Water Improvement UV $ 21, E Insurance Building & Contents $ 9, E Insurance Workers Comp TML $ 11, E Insurance Bonds & Liability $ 1, E Insurance Vehicle $ 2, E Insurance Equipment $ 1, E Texas Workforce Comm $ E Insurance Hospital $ 27, E Water Samples $ 20,750.00

10 Account Description Water Department Expense E Gasoline $ 13, E Maintenance of Vehicle $ 8, E Maintenance of Equipment $ 11, E Schools & Travel $ 6, E Subscriptions & Membership $ 1, E Publications $ E Chemicals - LAS/ENZ $ 7, Dept 501 Water $ 590,914.00

11 Account Description Waste Water Department Expenses E Payroll $ 117, E Overtime $ 16, E Social Security Taxes $ 10, E TMRS Retirement $ 3, E Inspection - Annual Fee $ 2, E Permit & Application Fee $ 2, E Utilities $ 65, E Maintenance of Lines $ 15, E Building Maintenance & Repair $ 1, E Maintenance of Water/Sewer Plt $ 20, E Maintenance of Lift Stations $ 20, E Chemicals - Polymer $ 5, E Chemicals - Chlorine $ 4, E Postage $ E Janitor Supplies $ E Uniforms $ E Office Supplies $ E Equipment Rental $ E Supplies & Tools Maintenance $ 2, E Equipment $ 5, E Mains $ 7, E Pumps & Equipment $ 19, E Sludge Removal $ 8, E Telephone/Internet Utilities $ 8, E Insurance Building & Contents $ 3, E Insurance Workers Comp TML $ 4, E Insurance Bonds & Liability $ E Insurance Vehicle $ E Insurance Equipment $ E Texas Workforce Comm $ E Insurance Hospital $ 20, E Sewer Samples $ 10, E Gasoline $ 5, E Maintenance of Vehicle $ 4, E Maintenance of Equipment $ 3, E Schools & Travel $ E Subscriptions & Membership $ E Publications $ E Chemicals - LAS/ENZ $ 4, Dept 502 Waste Water $ 392,282.00

12 Debt Services Account Description E Agent Fees $ 6, E Debt Service 2006 Issue $ 35, E Debt Service 2008Issue EST/AMR $ 72, E Debt Service 2010 Issue $ 299, E Debt Service 2007 $ 100, E Debt Service 2017 Issue $ 18, Dept 503 Debt Services $ 531,243.00

13 City of Groesbeck GENERAL - Budget Summary General Fund-Revenue $ 2,182, Administration General $ 300, Municipal Court $ 152, Code Enforcement $ 124, Police $ 795, Fire $ 102, Street $ 358, Park $ 194, Recycle Center $ 8, Library $ 145, Total Expenses $ 2,182, Revenue less Expenses $ -

14 General Fund Revenues R Current Tax Collected $ 830, R Del Taxes Prior Year $ 25, R P&I Collected $ 18, R I&S Tax Collected $ 45, R Library E Rate Grant $ 2, R Penalties $ 8, R Interest Income $ R Warrant Fee $ 4, R Jury Reimbursement Fund $ R LEOSE Training Funds $ 1, R Judicial Support Fund JSF $ R Consolidated Court CCC/CF $ 2, R OMNI Fees All $ R Technology Fund Court $ 2, R Indigent Defense Fund $ R Peddlers and Solicitors $ R Franchise Fees $ 140, R Building Permit $ 10, R Sales Tax $ 350, R Dog & Cat Licenses $ R Occupational Taxes $ R Rail Road Rent $ 1, R SA User Charges Garbage $ 550, R SA Contractors Payment $ (420,000.00) R Electrical Inspections $ 3, R Gas & Plumbing Inspections $ 3, R Brush Pickup $ 2, R Accident Reports $ R Arrest Fees $ 2, R State Traffic Fees STF $ 2, R Security Fund Court $ 1, R Fines & Fees Collected $ 84, R Library Due from County $ 8, R Due From Reserves $ 165, R Recycle Income $ 4, R Limestone Cty Recycling $ 6, R Swimming Pool Admissions $ 8, R Park Concessions $ 3, R Swim Aerobics $ R Swimming Pool Parties $ 4,000.00

15 General Fund Revenues R Surplus Sales $ 10, R Other Fees Collected $ 2, R Time Payments $ 3, R Traffic Fund $ R Library Book Fines $ R Due from Revenue $ 294, FUND 02 General Fund $ 2,182,110.85

16 Account Description Admin General Expenses E Payroll $ 162, E Overtime $ 1, E Election Expense $ 3, E Audit $ 7, E Legal Fees $ 3, E Social Security Taxes $ 12, E TMRS Retirement $ 4, E Utilities $ 2, E Office Equip Lease Contracts $ 3, E Technology Maintenance $ 4, E Building Maintenance & Repair $ 1, E Postage $ 1, E Janitor Supplies $ E Office Supplies $ 2, E Telephone/Internet Utilities $ 9, E Rental & Meetings $ 2, E Insurance Building & Contents $ 2, E Insurance Workers Comp TML $ E Insurance Bonds & Liability $ 2, E Insurance Vehicle $ E Texas Workforce Comm $ E Insurance Hospital $ 20, E Insurance Ft Parker $ E Debt Service 2017 $ 4, E Furniture and Fixtures $ 1, E Office Equipment $ E Ordinance Codification $ E Schools & Travel $ 5, E Subscriptions & Membership $ 2, E Staff Special Services $ E Publications $ 2, E Senior Citizen / Musem $ 4, E Council Schools & Travel $ 8, E Central Appraisal District $ 20, E Limestone County Tax Collection $ 1, Dept 250 Admin General $ 300,644.75

17 Account Description Court Expenses E Payroll $ 48, E Overtime $ 1, E Legal Fees $ 4, E Social Security Taxes $ 3, E TMRS Retirement $ E Omni Fee $ E Utilities $ 2, E State Tax Criminal Costs $ 45, E Office Equip Lease Contracts $ 4, E Building Maintenance & Repair $ 3, E Postage $ E Janitor Supplies $ E Office Supplies $ 1, E Telephone/Internet Utilities $ 1, E Insurance Building & Contents $ 1, E Insurance Workers Comp TML $ E Insurance Bonds & Liability $ E Insurance Vehicle $ E Texas Workforce Comm $ E Insurance Hospital $ 6, E Debt Service 2017 $ 7, E Debt Service School Loan $ 5, E Furniture and Fixtures $ 1, E Office Equipment $ E Technology Equipment $ 2, E Schools & Travel $ 1, E Subscriptions & Membership $ E Publications $ E Jail Contract $ 4, E Jury Fees $ E Court Security $ 2, Dept 251 Court $ 152,393.35

18 Account Description Code Enforcement Expenses E Payroll $ 50, E Legal $ 4, E Veterinary Services $ 8, E Social Security Taxes $ 3, E TMRS Retirement $ 1, E Office Equip Lease Contracts $ 1, E Postage $ E Uniforms $ E Office Supplies $ 1, E Supplies & Tools Maintenance $ E Equipment $ E Telephone/Internet Utilities $ 1, E Insurance Building & Contents $ E Insurance Workers Comp TML $ 1, E Insurance Bonds & Liability $ E Insurance Vehicle $ E Texas Workforce Comm $ E Insurance Hospital $ 6, E Gasoline $ 3, E Maintenance of Vehicle $ 2, E Schools & Travel $ E Subscriptions & Membership $ E Publications $ 1, E City Wide Clean Up $ 3, E Substandard Housing $ 14, E Lot Clean Up $ 11, E Animal Control Supplies $ 6, Dept 252 Code $ 124,331.00

19 Account Description Police Expenses E Payroll $ 435, E Overtime $ 15, E Legal Fees $ 3, E Social Security Taxes $ 34, E TMRS Retirement $ 12, E Utilities $ 5, E Office Equip Lease Contracts $ 10, E Technology Maintenance $ 1, E Building Maintenance & Repair $ 27, E Postage $ E Janitor Supplies $ E Office Supplies $ 3, E Supplies & Tools Maintenance $ 2, E Equipment $ 10, E Vehicles $ 30, E Telephone/Internet Utilities $ 9, E Firearms Supplies $ 1, E Insurance Building & Contents $ 4, E Insurance Workers Comp TML $ 17, E Insurance Bonds & Liability $ 6, E Insurance Vehicle $ 2, E Texas Workforce Comm $ 1, E Insurance Hospital $ 68, E Gasoline $ 30, E Maintenance of Vehicle $ 15, E Maintenance of Equipment $ 2, E Debt Service 2017 $ 19, E Debt Service School Loan $ 5, E Furniture and Fixtures $ 2, E Schools & Travel $ 4, E LEOSE Training $ 1, E Subscriptions & Membership $ 5, E Publications $ E Investigative Funds $ 1, E National Night Out $ E Uniforms Purchased $ 5, E Uniform Cleaning Allowance $ 4, Dept 253 Police $ 795,120.94

20 Account Description Fire Expenses E Meetings $ 3, E Volunteer Fire Dept Retirement $ 8, E Utilities $ 3, E Office Equip Lease Contracts $ E Building Maintenance & Repair $ 3, E Uniforms $ 4, E Office Supplies $ E Supplies & Tools Maintenance $ 4, E Equipment $ 11, E Vehicles $ 29, E Telephone/Internet Utilities $ 1, E Insurance Building & Contents $ E Insurance Workers Comp TML $ 2, E Insurance Bonds & Liability $ E Insurance Vehicle $ 6, E Gasoline $ 7, E Maintenance of Vehicle $ 9, E Maintenance of Equipment $ 5, E Schools & Travel $ 3, Dept 254 Fire $ 102,320.00

21 Account Description Street Expense E Payroll $ 63, E Overtime $ 1, E Equipment Payment $ 71, E Mosquito Control $ 4, E Brush Pickup & Cleanup $ 8, E Social Security Taxes $ 4, E TMRS Retirement $ 1, E Utilities $ 66, E Uniforms $ E Equipment Rental $ 5, E Supplies & Tools Maintenance $ 5, E Equipment $ 5, E Traffic & Street Signs $ 5, E Insurance Building & Contents $ 2, E Insurance Workers Comp TML $ 6, E Insurance Bonds & Liability $ E Insurance Vehicle $ 1, E Insurance Equipment $ E Texas Workforce Comm $ E Insurance Hospital $ 13, E Gasoline $ 7, E Maintenance of Vehicle $ 10, E Maintenance of Equipment $ 15, E Street Improvements Project $ 60, Dept 255 Street $ 358,836.05

22 Account Description Park Expense E Payroll $ 64, E Overtime $ E Social Security Taxes $ 4, E TMRS Retirement $ 1, E Pool Texas Workforce Commissio $ 2, E Utilities $ 22, E Building Maintenance & Repair $ E Pool Chemicals $ 5, E Janitor Supplies $ 1, E Uniforms $ E Supplies & Tools Maintenance $ 2, E Equipment $ 9, E Pumps & Equipment $ 5, E Telephone/Internet Utilities $ 1, E Pool Supplies $ 1, E Pool Concessions $ 2, E Insurance Building & Contents $ 1, E Insurance Workers Comp TML $ 2, E Insurance Bonds & Liability $ E Insurance Vehicle $ E Insurance Equipment $ E Texas Workforce Comm $ E Insurance Hospital $ 13, E Gasoline $ 3, E Maintenance of Vehicle $ 2, E Maintenance of Equipment $ 3, E Facilities Maintenance $ 10, E Park Maintenance $ 2, E Capital Project - Park Restrm $ 1, E Publications $ E Maintenance of Equipment Pool $ E Pool Payroll $ 20, E Pool Facility Maintenance $ 2, E Pool School & Travel $ E Pool Publications $ E Pool Social Security $ 1, E Pool Janitorial Supply $ E Hawkins Park Maintenance $ E Pool Building Maint & Repair $ 2, E Pool Equipment $

23 Account Description Park Expense E Pool Insurance Workers Comp $ E Pool Insur Bonds & Liability $ E Pool Insurance Vehicle $ Dept 256 Park $ 194,989.00

24 Account Description Recycle Expenses E Utilities $ E Building Maintenance & Repair $ E Insurance Building & Contents $ E Insurance Bonds & Liability $ E Gasoline $ E Maintenance of Equipment $ E Facilities Maintenance $ 1, E Contract Labor $ 5, Dept 257 Recycle $ 8,090.00

25 Account Descr Library Expense E Payroll $ 64, E Social Security Taxes $ 4, E TMRS Retirement $ E Utilities $ 6, E Office Equip Lease Contracts $ 4, E Technology Maintenance $ 7, E Building Maintenance & Repair $ 5, E Postage $ E Janitor Supplies $ E Office Supplies $ 2, E Books $ 9, E Telephone/Internet Utilities $ 4, E Insurance Building & Contents $ E Insurance Workers Comp TML $ E Insurance Bonds & Liability $ E Insurance Vehicle $ E Texas Workforce Comm $ E Insurance Hospital $ 13, E Debt Service 2017 $ 13, E Furniture and Fixtures $ E Office Equipment $ 1, E Schools & Travel $ 1, E Subscriptions & Membership $ 2, E Publications $ Dept 258 Library $ 145,385.76

26 City of Groesbeck Budget FUND 08 Convention Center Fund Revenues R Civic Center - Sales Tax $ 80, R Rentals $ 22, R Cleaning Fees Collected $ 9, FUND 08 Convention Center Fund $ 111, Dept 259 Convention Center Expenses E Utilities $ 9, E Building Maintenance & Repair $ 6, E Janitor Supplies $ 1, E Office Supplies $ E Supplies & Tools Maintenance $ E Cleaning Expenses $ 7, E Room Preparation $ 5, E Telephone/Internet Utilities $ 2, E Insurance Building & Contents $ E Insurance Bonds & Liability $ E Insurance Vehicle $ E Debt Service 2012 Tax & Rev $ 65, E Furniture and Fixtures $ 4, E Publications $ 1, E Advertising $ 1, Dept 259 Convention Center $ 104, Revenue less Expenses $ 6,952.45

27 City of Groesbeck Budget Summary FUND 09 Street Maintenance R Interest Income $ R Street Maintenance - Sales $ 80, R Due From Reserves $ 28, Total Street Maintenance $ 108, Dept 262 Street Maintenance Expenses E Payroll $ 42, E Overtime $ 1, E Social Security Taxes $ 3, E TMRS $ 1, E Street Maintenance Cost $ 49, E Uniforms $ E Insurance Workers Comp TML $ 3, E Insurance Equipment $ E Texas Workforce Commission $ E Insurance Hospital $ 6, Total Street Maintenance Expense $ 108, Revenue less Expenses $

28 City of Groesbeck Budget Summary FUND 10 Hotel / Motel Tax Fund Revenue R Interest Income $ R Hotel/Motel Taxes $ 70, Total Hotel / Motel Tax Fund Revenue $ 70, Dept 260 Hotel/Motel Taxes Expenses E H/M Taxes - Other $ 9, E H/M Taxes - Chamber Management $ 30, E H/M Taxes - Old Fort Parker $ 20, E H/M Taxes - Lions Club Car Show $ 2, E H/M Taxes- Fourth of July $ 5, E H/M Taxes - Youth Sports $ 4, Total Hotel/Motel Tax Expense $ 70, Revenue less Expenses $175.00

29 Projected Revenue EDC Sales Tax Steel Oil Field Ellis Lease Income 8160 Due from Reserves $ Expenditure Allocations E Payroll $48,850 E Sick Pay Expense $200 E xxx Admin Assistant $1,200 E Board Meetings $100 E Texas Leverage - Note Payment $101,000 E EDC Ellis FSB Loan $7,620 E Consulting Fees $3,000 E Legal Fees $1,200 E Engineering Fees $1,600 E Social Security Taxes $3,850 E TMRS Retirement $1,550 E Building Maintenance & Repair $500 E Telephone/Internet Utilities $1,470 E Insurance Building & Contents $1,500 E Insurance Workers Comp TML $400 E Board Member Bonds & Liability $600 E Vehicle Insurance $550 E Texas Workforce Comm $450 E Health Insurance $6,650 E Records & Software Licensing $600 E Furniture and Fixtures $500 E Office Supplies $300 E Postage $30 E Office Equipment Contract $2,100 E Schools & Conferences $3,800 E Subscriptions & Membership $1,200 E Local Publications $2,600 E Marketing & Promotions $5,000 E Parkette Project (Real Estate Dev) $20,000 E Real Estate Maintenance $2,400 E Industrial Park Maintenance $5,400 E Business Development $18,000 E Workshops, Research & Dev) $1,000 E x City Re-Imbursement $2,500 Dept 261 Economic Development Corp $247,720 1

30 Groesbeck, Texas Outstanding Debt Summary - Bond Debt - Title 2017 General Obligation Refunding Bonds 2017 Sales Tax General Obligation Bonds 2017 General Obligation Debt (I&S Tax) Original Amount Issued Amount Outstanding as of 9/30/17 Amount Outstanding as of 9/30/18 Purpose $ 638,520 $ 632,823 $ 603,584 For water and sewer projects (emergency water supply). $ 1,054,733 $ 981,185 $ 916,304 Construction of Convention Center $ 533,941 $ 484,946 $ 440,998 Infrastructure improvements for Library, Public Safety and Courts Building and City Hall 2010 GO Ref Bonds $ 2,348,900 $2,051,175 $1,759,775 Refunding of Series 2003 and Series 2001 Certificates; original series issued for Water and Sewer infrastructure improvements and extensions 2008 Tax & Rev $ 1,718,000 $1,646,000 $1,574,000 Water distribution system (Autometer-readers and elevated storage tanks) Tax & Rev $ 1,100,000 $1,000,000 $ 900,000 Wastewater Treatment Plant expansion and improvements (mandated flows capacity, rehabilitate and purchase clarifiers, operational improvements and solids management) Tax & Rev $ 675,000 $ 640,000 $ 605,000 Water Treatment Plant (TCEQ) mandates regarding surface water Disinfection By-Products) Totals: $ 8,069,904 $7,436,129 $ 6,799,661 Short Term Debt Note Holder Balance 2017 Balance 2018 Loan Purpose Farmers State Bank (PD/MC) #9059 $147,152 $145,158 Completion of Bldg. construction and balance of note for Old School Bldg. Farmers State Bank (FD) #10300 $190,651 $186,395 Construction of Fire Department Bldg. being repaid by Dollar Fund Farmers State Bank #10618 $339,916 $338,714 Fire Department new pump truck Total $677,719 $670,267