TOWN OF WESTOVER HILLS FY 2019 BUDGET TABLE OF CONTENTS. Page Combined Budget Cover Page (statutory) 2 Budget Summary 4 Property Tax Rates 5

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1 TABLE OF CONTENTS Page Combined Budget Cover Page (statutory) 2 Budget Summary 4 Property Tax Rates 5 General Fund Budget Budget Summary 7 Water Fund Reimbursement 8 Revenues 9 Administration Expense 10 Police Expense 11 Public Works Expense 12 Community Development Expense 13 Municipal Court Expense 14 Capital Expenditures 15 Personnel Costs 16 Health Insurance Expense 17 Annual Budgeted Financial Statements 18 Monthly Budgeted Financial Statements 22 Water Fund Budget Annual Budgeted Financial Statements 30 Monthly Budgeted Financial Statements 34 Water & Wastewater Rates and Profitability 39 Capital Expenditures 41 Rate of Use Calculation 42 Debt Service Fund Budget Debt Amortization Schedule 44 Monthly Budgeted Financial Statements 45 FY 2019 Capital Improvement Plan Summary 46 Copy of FY2019 Combined Budget v4.xlsx Page 1 of 46 8/30/18 6:38 PM

2 Combined Budget Fiscal Year This budget will raise more revenue from property taxes than last year's budget by an amount of $169,178 which is a 8.33% increase from last year's budget. The property tax revenue to be raised from new property added to the tax roll this year is $5,276. The members of the governing body voted on the budget as follows: FOR: AGAINST: PRESENT and not voting: ABSENT: Jack Koslow, Mayor Pro Tem Elliot Goldman Marcus Snyder Steve Tatum John Thompson III None Kelly Thompson, Mayor None Property Tax Rate Comparison Tax Rate per $ Property Tax Rate: $ $ Effective Tax Rate: $ $ Effective Maintenance & Operations Tax Rate: $ $ Rollback Tax Rate: $ $ Debt Rate: $ $ Total debt obligation for the Town of Westover Hills secured by property taxes as of 9/30/17: $2,500,000. Copy of FY2019 Combined Budget v4.xlsx Page 2 of 46 8/30/18 6:38 PM

3 TOWN OF WESTOVER HILLS COMBINED GENERAL, WATER, AND DEBT SERVICE FUNDS Copy of FY2019 Combined Budget v4.xlsx Page 3 of 46 8/30/18 6:38 PM

4 COMBINED GENERAL, WATER, AND DEBT SERVICE FUNDS BUDGET SUMMARY FY 2019 Budget FY 2019 General Water Debt Service FY 2018 FY 2018 Change to Fund Fund Subtotal Fund Total Budget Forecast Forecast Revenue Ad Valorem Tax - M&O $2,062,844 - $2,062,844 - $2,062,844 $2,049,245 $2,029,977 $32,867 Other General Revenue $595,668 - $595,668 - $595,668 $613,502 $600,168 ($4,500) Water Revenue - $990,876 $990,876 - $990,876 $963,995 $963,995 $26,881 Sewer Revenue - $271,106 $271,106 - $271,106 $236,542 $236,542 $34,564 Other Water Revenue - $9,000 $9,000 - $9,000 $400 $9,000 - Ad Valorem Tax - Debt Service $136,311 $136, $136,311 Other Debt Service Revenue $4,867 $4, $4,867 Total $2,658,513 $1,270,982 $3,929,495 $141,178 $4,070,673 $3,863,684 $3,839,682 $230,991 Expenditures Administration $561,748 - $561,748 - $561,748 $563,312 $530,022 $31,726 Community Development $100,645 - $100,645 - $100,645 $99,919 $100,219 $426 Police $1,321,942 - $1,321,942 - $1,321,942 $1,259,408 $1,209,490 $112,452 Public Works $575,984 - $575,984 - $575,984 $533,097 $549,397 $26,588 Municipal Court $44,000 - $44,000 - $44,000 $48,000 $44,400 ($400) Water Cost - $707,884 $707,884 - $707,884 $611,291 $611,291 $96,593 Sewer Cost - $100,788 $100,788 - $100,788 $86,297 $86,297 $14,490 Water Expenses - $423,813 $423,813 - $423,813 $435,813 $435,813 ($12,000) Debt Service Expenses $69,094 $69,094 - $36,247 $32,848 Total Expense (a) $2,604,320 $1,232,484 $3,836,804 $69,094 $3,905,898 $3,637,136 $3,603,175 $302,723 Net Operating Income $54,193 $38,498 $92,691 $72,084 $164,775 $226,548 $236,507 ($71,732) Capital Expenditures ($1,378,068) ($1,177,718) ($2,555,786) - ($2,555,786) ($121,442) ($89,612) ($2,466,174) Transfers In (Out) $1,327,000 $1,146,000 $2,473,000 ($2,473,000) Debt Advances (Repayments) ($65,000) ($65,000) - $2,500,000 ($2,565,000) Current Year Surplus (Deficit) $3,125 $6,780 $9,905 ($2,465,916) ($2,456,011) $105,105 $2,646,895 ($5,102,906) Projected Cash Balances Beginning Cash (b) $495,290 $1,102,655 $1,597,945 $2,477,122 $4,075,067 $1,463,576 $3,781,382 Current Year Surplus (Deficit) $3,125 $6,780 $9,905 ($2,465,916) ($2,456,011) $105,105 $2,646,895 Changes in working capital ($106,535) $74,249 ($32,286) ($1,007) ($33,293) ($91,306) $119,791 Ending Cash $391,880 $1,183,684 $1,575,564 $10,199 $1,585,763 $1,477,375 $6,548,067 Projected Reserve Balances Operating Reserve (25% of non-debt Exp) $651,080 $308,121 na na $959,201 Capex Reserve Surplus (Deficit) ($259,200) $875,563 na na $626,562 (a) excludes depreciation in Water Fund. (b) forecasted FY 2019 beginning cash; budgeted FY 2018 beginning cash; actual FY 2018 beginning cash Copy of FY2019 Combined Budget v4.xlsx Page 4 of 46 8/30/18 6:38 PM

5 COMBINED GENERAL, WATER, AND DEBT SERVICE FUNDS PROPERTY TAX RATES Budget FY 2019 FY 2018 FY 2017 FY 2016 FY 2015 FY 2014 FY2013 Taxable Value PY Taxable Value $566,601,293 CY New Construction $1,362,500 Total Net Taxable Value $567,963,793 $571,824,611 $557,639,094 $524,280,614 $526,811,007 $505,834,928 $489,836,029 PY Value $ Change ($5,223,318) % Change (0.9%) Total Value $ Change ($3,860,818) $14,185,517 $33,358,480 ($2,530,393) $20,976,079 $15,998,899 $14,121,033 % Change (0.7%) 2.5% 6.4% (0.5%) 4.1% 3.3% 3.0% Maintenance and Operations ("M&O") Taxes M&O Tax Rate % Change 2.3% - % 2.2% - % (0.9%) (2.7%) (1.5%) M&O Tax Revenue $2,062,844 $2,029,977 $1,990,039 $1,821,350 $1,822,647 $1,769,119 $1,744,918 $ Change $32,867 $39,938 $168,689 ($1,297) $53,528 $24,201 $120,965 % Change 1.62% 2.0% 9.3% (0.1%) 3.0% 1.4% 7.4% # Single Family Residences na na na Average SFR Taxable Value $1,987,074 $2,016,547 $1,955,193 $1,837,751 $1,883,138 $1,813,106 $1,731,871 % Change (1.5%) 3.1% 6.4% (2.4%) 3.9% 4.7% 2.6% Average SFR Tax Levy $7,217 $7,159 $6,941 $6,384 $6,542 $6,355 $6,239 % Change 0.8% 3.1% 8.7% (2.4%) 2.9% 1.9% 1.1% Total Net Taxable Value (Sep-18) $567,963,793 Certified Tax Roll for Effective Rate and Rollback Calculation PY Taxable Value (Sep-18) $566,601,293 Effective Rate Rollback Rate Debt Service ("DS") Taxes DS Tax Rate % Change na DS Tax Revenue $136, $ Change $136, % Change na Total Taxes (M&O + DS) Total Tax Rate % Change 9.1% - % 2.2% - % (0.9%) (2.7%) (1.5%) Total Tax Revenue PY Taxable Value $2,193,880 $2,029,977 $ Change $163,903 Total Tax Revenue - New Construction $5,276 Total Tax Revenue $2,199,156 $2,029,977 $1,979,619 $1,821,351 $1,830,141 $1,772,951 $1,764,573 $ Change $169,178 $50,359 $158,268 ($8,791) $57,190 $8,378 $24,379 % Change 8.3% 2.5% 8.7% (0.5%) 3.2% 0.5% 1.4% # Single Family Residences na na na Average SFR Tax Levy $7,694 $7,159 $6,941 $6,384 $6,542 $6,355 $6,239 % Change 7.5% 3.1% 8.7% (2.4%) 2.9% 1.9% 1.1% Copy of FY2019 Combined Budget v4.xlsx Page 5 of 46 8/30/18 6:38 PM

6 TOWN OF WESTOVER HILLS GENERAL FUND Copy of FY2019 Combined Budget v4.xlsx Page 6 of 46 8/30/18 6:38 PM

7 GENERAL FUND BUDGET SUMMARY FY 2019 FY 2018 $ Change % Change to FY 2018 to FY 2018 Budget Forecast Forecast Budget Forecast Variance % Variance Revenue Ad Valorem Tax $2,062,844 $32, % $2,049,245 $2,029,977 ($19,268) (0.9%) Other $595,668 ($4,500) (0.7%) $613,502 $600,168 ($13,334) (2.2%) Total $2,658,513 $28, % $2,662,747 $2,630,146 ($32,602) (1.2%) Expenditures Administration $561,748 $31, % $563,312 $530,022 ($33,290) (5.9%) Community Development $100,645 $ % $99,919 $100,219 $ % Police $1,321,942 $112, % $1,259,408 $1,209,490 ($49,918) (4.0%) Municipal Court $44,000 ($400) (0.9%) $48,000 $44,400 ($3,600) (7.5%) Public Works $575,984 $26, % $533,097 $549,397 $16, % Total Expenses $2,604,320 $170, % $2,503,736 $2,433,528 ($70,208) (2.8%) Net Operating Income $54,193 ($142,425) (72.4%) $159,012 $196,618 $37, % Capital Expenditures ($1,378,068) ($1,331,785) % ($78,114) ($46,284) $31,830 (40.7%) Transfers In (Out) $1,327,000 $1,327,000 na na Net Income $3,125 ($147,210) (97.9%) $80,898 $150,334 $69, % Copy of FY2019 Combined Budget v4.xlsx Page 7 of 46 8/30/18 6:38 PM

8 General Fund Expense Reimbursement by Water Fund SHARED EXPENSES Public Works Administration Total Expense $575,984 Total Expense $561,748 Less Expenses Exclusive of Water Fund Less Expenses Exclusive of Water Fund Inclement Weather Materials $5,500 Fire Protection $180,000 Park Expenses $15,900 Med Star Ambulance Service $2,250 Garbage Collection $58,100 Commission Tax Collection $5,100 Public Health $12,000 Tarrant Appraisal District $11,000 Street Repairs $18,800 Electric Service - Streets $16,000 Street Signs and Marking $5,000 Total $214,350 Stormwater Maintenance $10,000 Total $125,300 Shared Expense $347,398 Shared Expense $450,684 METHOD TO ESTIMATE SHARING ALLOCATION - PERCENT OF REVENUE General Fund Water Fund Total Revenue $2,658,513 $1,270,982 $3,929,495 Percent of Revenue 67.7% 32.3% 100.0% ALLOCATION OF SHARED EXPENSES General Fund Water Fund Total Sharing Percent (1) 62.4% 37.6% 100.0% Shared Expense Public Works $281,227 $169,457 $450,684 Administration $216,777 $130,622 $347,398 Total $498,004 $300,079 $798,083 (1) Sharing Percent determined by Town Council taking into consideration allocating shared expense in relationship with General Fund and Water Fund percentage of total revenue. WATER FUND REIMBURSEMENT TO GENERAL FUND FY2019 $300,000 Maintain same reimbursement amount as FY2018 ($302,000) Copy of FY2019 Combined Budget v4.xlsx Page 8 of 46 8/30/18 6:38 PM

9 GENERAL FUND REVENUES $ Chg from % Chg from Budget Forecast Forecast Budget Forecast FY 2019 FY 2018 FY 2018 FY 2018 FY 2018 FY 2017 FY 2016 FY 2015 Revenue Taxable Value $567,963,793 ($3,860,818) (0.7%) $577,252,172 $571,824,611 $557,639,094 $524,280,614 $526,811,007 Tax Rate % Ad Valorem Tax $2,062,844 $32, % $2,049,245 $2,029,977 $1,990,039 $1,821,350 $1,822,647 Other Revenue Ad Valorem Penalties - - na Franchise Fees $100, % $100,000 $100,000 $98,820 $96,000 $100,618 Building Permits $55, % $55,000 $55,000 $54,469 $55,000 $58,017 Grants $16, % $23,334 $16,500 $22,966 - $1,094 State Funds - PD - CE $1, % $1,300 $1,300 $1,208 $1,500 $1,480 Court Fines $20,000 $2, % $30,000 $18,000 $31,898 $14,000 $15,670 Garbage $34, % $34,000 $34,000 $32,944 $34,000 $33,205 Extra Bags $20, % $20,000 $20,000 $15,474 $12,000 $9,916 Brush Pickup $10, % $10,000 $10,000 $8,259 $10,000 $9,039 Alarm Monitoring $32, % $32,760 $32,760 $32,640 $32,500 $32,051 Alarm Set-Up $ % $108 $108 $325 $900 $541 Interest Income $5,000 ($5,000) (50.0%) $2,000 $10,000 $5,280 $800 $1,151 Sale of Assets - - na $2, $4,000 $3,348 Miscellaneous - - na $1,500 $5,668 PD Miscellaneous Revenue $ % $500 $500 $645 $500 $990 Donations - - na $4,800 PD Outside Training Income $500 $500 na $ Water Fund Reimbursement $300,000 ($2,000) (0.7%) $302,000 $302,000 $237,996 $214,000 $120,000 Total Other Revenue $595,668 ($4,500) (0.7%) $613,502 $600,168 $542,924 $476,700 $397,588 Total Revenue $2,658,513 $28, % $2,662,747 $2,630,146 $2,532,963 $2,298,050 $2,220,235 Copy of FY2019 Combined Budget v4.xlsx Page 9 of 46 8/30/18 6:38 PM

10 GENERAL FUND ADMINISTRATION FY 2019 Budget Change from Budget Budget Forecast 2018 Forecast 2018 Budget FY 2019 FY 2018 FY 2018 $ Change % Change $ Change % Change Personnel Salaries Town Administrator - $44,290 $7,200 ($7,200) (100.0%) ($44,290) (100.0%) Admin. Assistant $51,137 $49,648 $49,648 $1, % $1, % Total $51,137 $93,938 $56,848 ($5,711) (10.0%) ($42,801) (45.6%) Social Security $3,171 $5,824 $5,824 ($2,654) (45.6%) ($2,654) (45.6%) Medicare $741 $1,362 $1,362 ($621) (45.6%) ($621) (45.6%) SUTA $162 $18 $18 $ % $ % Health Insurance $10,284 $11,232 $11,232 ($948) (8.4%) ($948) (8.4%) Retirement $3,513 $998 $998 $2, % $2, % Training $2,000 $2,000 $2, % - - % Auto Allowance $6,300 $6,300 $6, % - - % Total $77,308 $121,672 $84,582 ($7,274) (8.6%) ($44,364) (36.5%) Building & Office Postage $1,000 $1,000 $1, % - - % Office & Printing $8,000 $8,000 $8, % - - % Technology $5,000 $5,000 $5, % - - % Minor Equipment $1,000 $1,000 $1, % - - % Dues, Fees & Subscriptions $1,750 $1,750 $1, % - - % Professional Fees $40,000 $5,000 $5,000 $35, % $35, % Telecommunications $7,700 $7,700 $7, % - - % Building Maintenance & Repair $10,000 $10,000 $10, % - - % Miscellaneous $5,000 $5,000 $5, % - - % Total $79,450 $44,450 $44,450 $35, % $35, % Contractual Services Audit Fee $15,000 $15,000 $15, % - - % Accounting Fee $46,000 $46,000 $46, % - - % Attorney & Consultants $35,000 $35,000 $35, % - - % IT Contract $15,840 $15,840 $15, % - - % Accounting Software Maint $5,700 $5,700 $5, % - - % Fire Protection $180,000 $172,200 $176,000 $4, % $7, % Med Star Ambulance Service $2,250 $2,250 $2, % - - % Commission Tax Collection $5,100 $5,100 $5, % - - % Tarrant Appraisal District $11,000 $11,000 $11, % - - % Insurance & Bonds $50,000 $50,000 $50, % - - % Bank Service Fees $1,450 $1,450 $1,450 - % - % Electric Service - Facilities $18,000 $18,000 $18, % - - % Electric Service - Streets $16,000 $16,000 $16, % - - % Water Expense $3,000 $3,000 $3,000 - % - % Natural Gas Facilities $650 $650 $ % - - % Total $404,990 $397,190 $400,990 $4, % $7, % Operating Total $561,748 $563,312 $530,022 $31, % ($1,564) (0.3%) Copy of FY2019 Combined Budget v4.xlsx Page 10 of 46 8/30/18 6:38 PM

11 GENERAL FUND POLICE FY 2019 Budget Change from Budget Budget Forecast 2018 Forecast 2018 Budget FY 2019 FY 2018 FY 2018 $ Change % Change $ Change % Change Personnel Salaries Chief $81,258 $78,891 $78,891 $2, % $2, % Sergeants (4) $265,963 $258,217 $258,217 $7, % $7, % Detective $68,856 $66,850 $66,850 $2, % $2, % Officers (6) $309,391 $299,820 $249,850 $59, % $9, % Dispatchers (4) $164,776 $162,904 $122,476 $42, % $1, % Total $890,243 $866,682 $776,284 $113, % $23, % Overtime $10,000 $10,000 $40,000 ($30,000) (75.0%) - - % Uniform Expense $4,000 $4,000 $4, % - - % Social Security $55,815 $54,354 $50,610 $5, % $1, % Medicare $13,054 $12,712 $11,836 $1, % $ % SUTA $2,592 $144 $144 $2, % $2, % Health Insurance $155,976 $174,480 $174,480 ($18,504) (10.6%) ($18,504) (10.6%) Retirement $61,847 $17,621 $17,621 $44, % $44, % Training $4,500 $4,500 $4, % - - % State Funds - PD - CE $1,475 $1,475 $1, % - - % Total $1,199,502 $1,145,968 $1,080,950 $118, % $53, % Vehicle Auto Allowance na - na Repairs $10,000 $7,000 $12,500 ($2,500) (20.0%) $3, % Gas and Oil $20,000 $20,000 $20, % - - % Total $30,000 $27,000 $32,500 ($2,500) (7.7%) $3, % Building & Office Postage $400 $400 $1,500 ($1,100) (73.3%) - - % Office & Printing $4,500 $4,500 $5,000 ($500) (10.0%) - - % Technology $3,000 $3,000 $3,000 - % - - % Tools & Misc. Hardware $5,000 $5,000 $5, % - - % Radios and Radars $9,600 $9,600 $9, % - - % Ammunition $4,000 $4,000 $4, % - - % Dues, Fees & Subscriptions $10,000 $2,500 $10, % $7, % Professional Fees $2,500 $2,500 $2, % - - % Telecommunications $50,440 $50,440 $50, % - - % Building Maintenance & Repair $2,000 $3,500 $4,000 ($2,000) (50.0%) ($1,500) (42.9%) Miscellaneous $1,000 $1,000 $1, % - - % Total $92,440 $86,440 $96,040 ($3,600) (3.7%) $6, % Operating Total $1,321,942 $1,259,408 $1,209,490 $112, % $62, % Copy of FY2019 Combined Budget v4.xlsx Page 11 of 46 8/30/18 6:38 PM

12 GENERAL FUND PUBLIC WORKS FY 2019 Budget Change from Budget Budget Forecast 2018 Forecast 2018 Budget FY 2019 FY 2018 FY 2018 $ Change % Change $ Change % Change Personnel Salaries Director (1) $71,554 $69,470 $69,470 $2, % $2, % Foreman, Sanitation, Utility (5) $183,837 $194,320 $194,320 ($10,483) (5.4%) ($10,483) (5.4%) Total $255,390 $263,790 $263,790 ($8,399) (3.2%) ($8,399) (3.2%) Overtime $11,950 $2,700 $4,000 $7, % $9, % Temporary Labor $500 $500 $ % - - % Uniform Expense $5,500 $5,500 $5, % - - % Social Security $16,575 $16,522 $16,522 $53 0.3% $53 0.3% Medicare $3,876 $3,864 $3,864 $12 0.3% $12 0.3% SUTA $972 $54 $54 $ % $ % Health Insurance $61,704 $62,160 $62,160 ($456) (0.7%) ($456) (0.7%) Retirement $18,366 $5,356 $5,356 $13, % $13, % Training $500 $500 $ % - - % Total $375,334 $360,947 $362,247 $13, % $14, % Vehicle Expenditures Repairs $10,000 $10,000 $12,000 ($2,000) (16.7%) - - % Gas and Oil $9,000 $9,000 $9, % - - % Total $19,000 $19,000 $21,000 ($2,000) (9.5%) - - % Building & Office Postage $50 $50 $ % - - % Office & Printing $2,000 $2,000 $2, % - - % Technology $1,200 $1,200 $1, % - - % Minor Equipment $4,500 $4,500 $4, % - - % Dues, Fees & Subscriptions $2,100 $2,100 $2, % - - % Professional Fees $17,000 $12,000 $12,000 $5, % $5, % Telecommunications $10,500 $10,500 $15,000 ($4,500) (30.0%) - - % Building Maintenance & Repair $6,000 $6,000 $6, % - - % Miscellaneous $7,000 $2,000 $7, % $5, % Total $50,350 $40,350 $49,850 $ % $10, % City Service Costs Supplies $3,500 $3,500 $3, % - - % Inclement Weather Materials $5,500 $5,500 $5, % - - % Park & Entry Expenses $15,900 $10,500 $14,000 $1, % $5, % Tools & Hardware $2,500 $2,500 $2, % - - % Garbage Collection $58,100 $45,000 $45,000 $13, % $13, % Public Health $12,000 $12,000 $12, % - - % Street Repairs $18,800 $18,800 $18, % - - % Street Signs and Marking $5,000 $5,000 $5, % - - % Stormwater Maintenance $10,000 $10,000 $10, % - - % Total $131,300 $112,800 $116,300 $15, % $18, % Operating Total $575,984 $533,097 $549,397 $26, % $42, % Copy of FY2019 Combined Budget v4.xlsx Page 12 of 46 8/30/18 6:38 PM

13 GENERAL FUND COMMUNITY DEVELOPMENT FY 2019 Budget Change from Budget Budget Forecast 2018 Forecast 2018 Budget FY 2019 FY 2018 FY 2018 $ Change % Change $ Change % Change Personnel Salaries $69,595 $67,568 $67,568 $2, % $2, % Overtime na - na Temporary Labor $1,000 $1,000 $1, % - - % Uniform Expense $350 $350 $ % - - % Social Security $4,315 $4,189 $4,189 $ % $ % Medicare $1,009 $980 $980 $29 3.0% $29 3.0% SUTA $162 $9 $9 $ % $ % Health Insurance $6,000 $11,232 $11,232 ($5,232) (46.6%) ($5,232) (46.6%) Retirement $4,781 $1,358 $1,358 $3, % $3, % Training $1,000 $1,000 $1, % - - % Total $88,212 $87,686 $87,686 $ % $ % Vehicle Repairs $200 $200 $500 ($300) (60.0%) - - % Gas and Oil $583 $583 $ % - - % Total $783 $783 $1,083 ($300) (27.7%) - - % Building & Office Postage $400 $200 $200 $ % $ % Office & Printing $1,800 $1,800 $1, % - - % Technology $500 $500 $ % - - % Minor Equipment $500 $500 $ % - - % Dues, Fees & Subscriptions $750 $750 $ % - - % Professional Fees $2,000 $2,000 $2, % - - % Telecommunications $2,500 $2,500 $2, % - - % Building Maintenance & Repair $1,000 $1,000 $1, % - - % Miscellaneous $1,200 $1,200 $1, % - - % Total $10,650 $10,450 $10,450 $ % $ % Contractual Services Banking Fees $1,000 $1,000 $1, % - - % Total $1,000 $1,000 $1, % - - % Operating Total $100,645 $99,919 $100,219 $ % $ % Copy of FY2019 Combined Budget v4.xlsx Page 13 of 46 8/30/18 6:38 PM

14 GENERAL FUND MUNICIPAL COURT FY 2019 Budget Change from Budget Budget Forecast 2018 Forecast 2018 Budget FY 2019 FY 2018 FY 2018 $ Change % Change $ Change % Change Personnel Temporary Labor na - na Total na - na Building & Office Miscellaneous na - na Total na - na Contractual Services Prisoner Costs na - na Court Administration Rent $36,000 $36,000 $36, % - - % State Reimbursement $8,000 $12,000 $8,400 ($400) (4.8%) ($4,000) (33.3%) Total $44,000 $48,000 $44,400 ($400) (0.9%) ($4,000) (8.3%) Operating Total $44,000 $48,000 $44,400 ($400) (0.9%) ($4,000) (8.3%) Note: FY 2019B YTD 7/31/18 FY 2018F FY 2017 FY 2016 Court Fine Revenue $20,000 $15,517 $18,000 $31,898 $34,969 State Reimbursement $8,000 $4,477 $8,400 $11,184 $9,625 Reimburse % of Fine Revenue 40.0% 28.9% 46.7% 35.1% 27.5% Copy of FY2019 Combined Budget v4.xlsx Page 14 of 46 8/30/18 6:38 PM

15 GENERAL FUND CAPITAL EXPENDITURES Actual FY 2019 Budget Change from Budget Budget Forecast Future July YTD 2018 Forecast 2018 Budget FY 2019 FY 2018 FY 2018 FY 2018 FY 2018 $ Change % Change $ Change % Change Administration FY 2019 CIP - Town Hall $400, $400,000 na $400,000 na Bathroom Remodel - $48,500 $1,200 - $1,200 ($1,200) (100.0%) ($48,500) (100.0%) Subtotal $400,000 $48,500 $1,200 - $1,200 $398, % $351, % Police FY19 Patrol Vehicle (Chev Tahoe) (1) $12, $12,221 na $12,221 na FY18 Patrol Vehicle (Chev Tahoe) (2) $10,312 $12,340 $12,340 $12,340 - ($2,028) (16.4%) ($2,028) (16.4%) Ballistic Vest $4,000 $4,000 $4,000 $1,614 $2, Security Cameras FY 2019 CIP $200, $200,000 na $200,000 na Digital Video Storage/Server $6, $6,400 na $6,400 na Evidence Lockers - - $15,470 - $15,470 ($15,470) (100.0%) - na Subtotal $232,933 $16,340 $31,810 $13,954 $17,856 $201, % $216, % Public Works FY18 Trash Truck (Ford F250) (3) $5,114 $5,274 $5, ($160) (3.0%) ($160) (3.0%) Street Signs $8,000 $8,000 $8, FY 2019 CIP - Hidden Creek/Merrymount $732, $732,021 na $732,021 na Subtotal $745,135 $13,274 $13, $731, % $731, % Community Development [None] na - na Subtotal na - na Total $1,378,068 $78,114 $46,284 $13,954 $19,056 $1,331, % $1,299, % Lease Financings Cost Rate Term (yrs) Annual Pmt (1) FY19 Patrol Vehicle Lease (Chev Tahoe) $54, % 5 $12,221 (2) FY18 Patrol Vehicle Lease (Chev Tahoe) $47, % 5 $10,312 (3) FY18 Trash Truck (Ford F250) $23, % 5 $5,114 Copy of FY2019 Combined Budget v4.xlsx Page 15 of 46 8/30/18 6:38 PM

16 GENERAL FUND PERSONNEL COSTS FY 2019 Budget TMRS 3.0% Salary Total Total Budget Retirement # FTE FY 2019 Increase Change $ Change % Change FY 2018 FY 2019 Administrative Vacant Town Administrator ($44,290) (100.0%) $44,290 - Spikes, Penny Admin. Assistant $51,137 $1,489 - $1, % $49,648 $3,513 Total 1 $51,137 $1,489 - ($42,801) (45.6%) $93,938 $3,513 Police Burgess, David Chief of Police $81,258 $2,367 - $2, % $78,891 $5,582 Carrizales, Michael Detective $68,856 $2,006 - $2, % $66,850 $4,730 Martinez, Shannon Sergeant $67,999 $1,981 - $1, % $66,019 $4,672 Gomez, Rick Sergeant $65,988 $1,922 - $1, % $64,066 $4,533 Back, Lisbet Sergeant $65,988 $1,922 - $1, % $64,066 $4,533 Pendley, Cody Sergeant $65,988 $1,922 - $1, % $64,066 $4,533 Sheehan, Aaron Officer $53,045 $1,545 - $1, % $51,500 $3,644 Hawkins, Brian Officer $50,923 $1,483 - $1, % $49,440 $3,498 Petty, Matt Officer $50,923 $1,483 - $1, % $49,440 $3,498 Jones, Patrick Officer $51,500 $1,500 - $51,500 na - $3,538 Brown, Kim Officer $51,500 $1,500 - $51,500 na - $3,538 Wilson, Charles Officer $51,500 $1,500 - $51,500 na - $3,538 Taylor, Constance Dispatcher $40,314 $1,174 - $1, % $39,140 $2,770 Foreman, Danny Dispatcher $46,053 $1,341 - $1, % $44,711 $3,164 Brady, Alicia Dispatcher $39,784 $1,159 - $1, % $38,625 $2,733 Loud, Chloe Dispatcher $38,625 $1,125 - $38,625 na - $2,654 Tedder, Deena* Officer ($49,440) (100.0%) $49,440 - Jones, Jolynn* Dispatcher ($40,428) (100.0%) $40,428 - [New Hires] Officer (x2) ($100,000) (100.0%) $100,000 - Total 16 $890,243 $25,929 - $23, % $866,682 $61,160 Public Works Chambers, Tim Director $71,554 $2,084 - $2, % $69,470 $4,916 Wilson, Scott Foreman $39,117 $1,139 - $1, % $37,977 $2,687 Fuentes, Daniel* Foreman ($47,038) (100.0%) $47,038 - Ramirez, Cruz Sanitation $44,143 $1,286 - $1, % $42,857 $3,033 Adams, Lucas Sanitation $32,136 $936 - $32,136 na - $2,208 Ramirez, Erick Utility Maintenance $35,644 $1,038 - $1, % $34,606 $2,449 Garcia, Adam Utility Maintenance $32,797 $955 - $ % $31,841 $2,253 Total 6 $255,390 $5,354 - ($8,399) (3.2%) $263,790 $17,545 Community Development Thompson, Jack Director 1 $69,595 $2,027 - $2, % $67,568 $4,781 Total 24 $1,266,366 $34,800 - ($25,611) (2.0%) $1,291,977 $86,999 Payroll Tax & TMRS Retirement Rates 52,765 Social Security 6.20% 3 Medicare 1.45% $158,296 SUTA 1.80% $9,000 $1,108,070 Retirement 6.87% * Employees who were included in FY 2018 Budget but no longer work for the town Copy of FY2019 Combined Budget v4.xlsx Page 16 of 46 8/30/18 6:38 PM

17 GENERAL FUND HEALTH INSURANCE FY 2019 Budget Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 FY 2019 Department Administration $857 $857 $857 $857 $857 $857 $857 $857 $857 $857 $857 $857 $10,284 Police $12,998 $12,998 $12,998 $12,998 $12,998 $12,998 $12,998 $12,998 $12,998 $12,998 $12,998 $12,998 $155,976 Public Works $5,142 $5,142 $5,142 $5,142 $5,142 $5,142 $5,142 $5,142 $5,142 $5,142 $5,142 $5,142 $61,704 Community Development $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $6,000 Total $19,497 $19,497 $19,497 $19,497 $19,497 $19,497 $19,497 $19,497 $19,497 $19,497 $19,497 $19,497 $233,964 # Employees Opt In Administration Police Public Works Community Development Subtotal Opt Out (With Comp) Administration Police Public Works Community Development Subtotal Opt Out (No Comp) Administration Police Public Works Community Development Subtotal Total Cost Per Employee Opt In $857 $857 $857 $857 $857 $857 $857 $857 $857 $857 $857 $857 Opt Out (With Comp) $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 Opt Out (No Comp) FY2018 FY2019 Employees Cost Budget Employees Cost Cost % Chg Budget $ Chg. % Chg. Opt In 22 $936 $247, $857 (8.4%) $215,964 ($31,140) (12.6%) Opt Out (With Comp) 2 $500 $12,000 2 $500 - % $18,000 $6, % Opt Out (No Comp) na - - na Total 25 $864 $259, $812 (5.9%) $233,964 ($25,140) (9.7%) Copy of FY2019 Combined Budget v4.xlsx Page 17 of 46 8/30/18 6:38 PM

18 GENERAL FUND INCOME STATEMENT (FYE 9/30) FY 2019 Budget Budget Budget Forecast Chg from 2018 Forecast Chg from 2018 Budget FY 2019 FY 2018 FY 2018 $ % $ % Revenues Ad Valorem Tax $2,062,844 $2,049,245 $2,029,977 $32, % $13, % Ad Valorem Penalties na - na Franchise Fees $100,000 $100,000 $100, % - - % Building Permits $55,000 $55,000 $55, % - - % Grants $16,500 $23,334 $16, % ($6,834) (29.3%) State Funds - PD - CE $1,300 $1,300 $1, % - - % Court Fines $20,000 $30,000 $18,000 $2, % ($10,000) (33.3%) Garbage $34,000 $34,000 $34, % - - % Extra Bags $20,000 $20,000 $20, % - - % Brush Pickup $10,000 $10,000 $10, % - - % Alarm Monitoring $32,760 $32,760 $32, % - - % Alarm Set-Up $108 $108 $ % - - % Interest Income $5,000 $2,000 $10,000 ($5,000) (50.0%) $3, % Sale of Assets - $2, na ($2,000) (100.0%) Miscellaneous Revenue na - na PD Miscellaneous Revenue $500 $500 $ % - - % Donations na - na PD Outside Training Income $500 $500 - $500 na - - % Water Fund Reimbursement $300,000 $302,000 $302,000 ($2,000) (0.7%) ($2,000) (0.7%) Total General Revenues $2,658,513 $2,662,747 $2,630,146 $28, % ($4,235) (0.2%) Expenditures Administration Personnel Expenditures $77,308 $121,672 $84,582 ($7,274) (8.6%) ($44,364) (36.5%) Building & Office Expenditures $79,450 $44,450 $44,450 $35, % $35, % Contractual Services $404,990 $397,190 $400,990 $4, % $7, % Capital Expenditures $400,000 $48,500 $1,200 $398, % $351, % Total Administration $961,748 $611,812 $531,222 $430, % $349, % Community Development Personnel Expenditures $88,212 $87,686 $87,686 $ % $ % Vehicle Expenditures $783 $783 $1,083 ($300) (27.7%) - - % Building & Office Expenditures $10,650 $10,450 $10,450 $ % $ % Contractual Services $1,000 $1,000 $1, % - - % Capital Expenditures na - na Total Community Development $100,645 $99,919 $100,219 $ % $ % Copy of FY2019 Combined Budget v4.xlsx Page 18 of 46 8/30/18 6:38 PM

19 GENERAL FUND INCOME STATEMENT (FYE 9/30) FY 2019 Budget Budget Budget Forecast Chg from 2018 Forecast Chg from 2018 Budget FY 2019 FY 2018 FY 2018 $ % $ % Police Personnel Expenditures $1,199,502 $1,145,968 $1,080,950 $118, % $53, % Vehicle Expenditures $30,000 $27,000 $32,500 ($2,500) (7.7%) $3, % Building & Office Expenditures $92,440 $86,440 $96,040 ($3,600) (3.7%) $6, % Capital Expenditures $232,933 $16,340 $31,810 $201, % $216, % Total Police $1,554,875 $1,275,748 $1,241,300 $313, % $279, % Municipal Court Personnel Expenditures na - na Building & Office Expenditures na - na Contractual Services $44,000 $48,000 $44,400 ($400) (0.9%) ($4,000) (8.3%) Total Municipal Court $44,000 $48,000 $44,400 ($400) (0.9%) ($4,000) (8.3%) Public Works Personnel Expenditures $375,334 $360,947 $362,247 $13, % $14, % Vehicle Expenditures $19,000 $19,000 $21,000 ($2,000) (9.5%) - - % Building & Office Expenditures $50,350 $40,350 $49,850 $ % $10, % City Service Costs $131,300 $112,800 $116,300 $15, % $18, % Capital Expenditures $745,135 $13,274 $13,274 $731, % $731, % Total Public Works $1,321,119 $546,370 $562,670 $758, % $774, % Total General Fund Expenditures $3,982,388 $2,581,849 $2,479,811 $1,502, % $1,400, % Net Income ($1,323,875) $80,898 $150,334 ($1,474,210) (980.6%) ($1,404,773) (1736.5%) Net Income Excl. CapEx $54,193 $159,012 $196,618 ($142,425) (72.4%) ($104,819) (65.9%) Copy of FY2019 Combined Budget v4.xlsx Page 19 of 46 8/30/18 6:38 PM

20 GENERAL FUND (FYE 9/30) BALANCE SHEET Budget Budget Forecast Actual Actual Actual FY 2019 FY /30/18 7/31/18 9/30/17 9/30/16 Assets FNB-Cash-Checking $21,824 $26,735 $25,234 $25,234 $146,952 $189,201 Tex Pool $366,677 $447,749 $466,677 $852,873 $142,764 $37,521 Petty Cash $3,379 $2,373 $3,379 $3,379 $2,373 $1,462 Total Cash $391,880 $476,857 $495,290 $881,486 $292,089 $228,184 Accounts Receivable-Franchise Fees $80,000 $80, $66,600 $62,533 Accounts Receivable-Property Taxes - - $17,296 $17,296 $12,994 $10,090 Accounts Receivable-Garbage $11,678 $11,678 $5,681 $5,681 $5,805 $5,418 Accounts Receivable-Alarms $3,332 $3,332 $3,334 $3,334 $3,424 $3,194 Prepaid Expenses $8,524 - $17,900 Total Assets $486,890 $571,866 $521,601 $916,321 $380,912 $327,319 Liabilities Accounts Payable $37,136 $22,339 Accrued Payroll Taxes $5,045 $4,632 ($1,287) ($1,287) $4,117 $5,228 Accrued Salaries $34,790 $31,944 $62,349 $62,349 $34,229 $24,708 Sales Tax Payable $2,096 $1,635 $1,409 $1,409 $936 $873 Deferred Revenue - - $17,296 $17,296 $12,994 $10,090 Total Liabilities $41,931 $38,212 $79,767 $79,767 $89,412 $63,238 Reserves/Balances Surplus General Fund $441,834 $452,757 $291,500 $291,500 $264,081 $1,099,759 Change In Fund Balance $3,125 $80,898 $150,334 $545,054 $27,419 ($835,678) Total Reserves/Balances $444,959 $533,655 $441,834 $836,554 $291,500 $264,081 Total Liabilities & Balances $486,890 $571,866 $521,601 $916,321 $380,912 $327, Copy of FY2019 Combined Budget v4.xlsx Page 20 of 46 8/30/18 6:38 PM

21 GENERAL FUND (FYE 9/30) STATEMENT OF CASH FLOWS Budget Budget Forecast FY 2019 FY 2018 FY 2018 Operating Activities Net Income Excl. CapEx $54,193 $159,012 $196,618 Adjustments to reconcile operating income to net cash provided by operating activities: Accounts Receivable-Franchise fees ($80,000) ($80,000) $66,600 Accounts Receivable-Property Taxes $17,296 - ($4,302) Accounts Receivable-Garbage ($5,997) ($6,184) $124 Accounts Receivable-Alarms $2 ($59) $90 Prepaid Insurance Accounts Payable - - ($37,136) Accrued Payroll Taxes $6,332 $1,815 ($5,404) Accrued Salaries ($27,559) ($28,549) $28,120 Sales Tax Payable $687 ($132) $473 Deferred Revenue ($17,296) - $4,302 Net Cash from Operating Activities ($52,342) $45,904 $249,485 Investing Activities Capital Expenditures ($1,378,068) ($78,114) ($46,284) Net Cash from Investing Activities ($1,378,068) ($78,114) ($46,284) Financing Activities Transfers from/(to) Debt Service Fund $1,327, Net Cash from Financing Activities $1,327, Net Change in Cash ($103,410) ($32,210) $203,201 Beginning of Period $495,290 $509,067 $292,089 End of Period $391,880 $476,857 $495,290 Copy of FY2019 Combined Budget v4.xlsx Page 21 of 46 8/30/18 6:38 PM

22 GENERAL FUND INCOME STATEMENT (FYE 9/30) FY 2019 Budget Budget Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 FY 2019 FY 2018 Revenues Ad Valorem Tax $51,571 $82,514 $618,853 $804,509 $371,312 $10,314 $20,628 $30,943 $30,943 $30,943 $10,314 - $2,062,844 $2,049,245 Ad Valorem Penalties Franchise Fees $20,000 $80,000 $100,000 $100,000 Building Permits $4,583 $4,583 $4,583 $4,583 $4,583 $4,583 $4,583 $4,583 $4,583 $4,583 $4,583 $4,583 $55,000 $55,000 Grants $1,375 $1,375 $1,375 $1,375 $1,375 $1,375 $1,375 $1,375 $1,375 $1,375 $1,375 $1,375 $16,500 $23,334 State Funds - PD - CE $108 $108 $108 $108 $108 $108 $108 $108 $108 $108 $108 $108 $1,300 $1,300 Court Fines $1,667 $1,667 $1,667 $1,667 $1,667 $1,667 $1,667 $1,667 $1,667 $1,667 $1,667 $1,667 $20,000 $30,000 Garbage $340 $680 $1,360 $1,700 $2,040 $2,720 $3,060 $3,740 $4,080 $4,420 $4,760 $5,100 $34,000 $34,000 Extra Bags $200 $400 $800 $1,000 $1,200 $1,600 $1,800 $2,200 $2,400 $2,600 $2,800 $3,000 $20,000 $20,000 Brush Pickup $100 $200 $400 $500 $600 $800 $900 $1,100 $1,200 $1,300 $1,400 $1,500 $10,000 $10,000 Alarm Monitoring $2,730 $2,730 $2,730 $2,730 $2,730 $2,730 $2,730 $2,730 $2,730 $2,730 $2,730 $2,730 $32,760 $32,760 Alarm Set-Up $9 $9 $9 $9 $9 $9 $9 $9 $9 $9 $9 $9 $108 $108 Interest Income $417 $417 $417 $417 $417 $417 $417 $417 $417 $417 $417 $417 $5,000 $2,000 Sale of Assets $2,000 Miscellaneous Revenue PD Miscellaneous Revenue $42 $42 $42 $42 $42 $42 $42 $42 $42 $42 $42 $42 $500 $500 Donations PD Outside Training Income $42 $42 $42 $42 $42 $42 $42 $42 $42 $42 $42 $42 $500 $500 Water Fund Reimbursement $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $300,000 $302,000 Total General Revenues $88,183 $119,766 $657,386 $843,682 $411,124 $51,407 $62,361 $73,955 $74,595 $75,235 $75,247 $125,572 $2,658,513 $2,662,747 Expenditures Administration Personnel Expenditures $6,442 $6,442 $6,442 $6,442 $6,442 $6,442 $6,442 $6,442 $6,442 $6,442 $6,442 $6,442 $77,308 $121,672 Building & Office Expenditures $6,621 $6,621 $6,621 $6,621 $6,621 $6,621 $6,621 $6,621 $6,621 $6,621 $6,621 $6,621 $79,450 $44,450 Contractual Services $31,583 $37,083 $44,583 $31,583 $39,083 $31,583 $31,583 $31,583 $31,583 $31,583 $31,583 $31,583 $404,990 $397,190 Capital Expenditures $66,667 $66,667 $66,667 $66,667 $66,667 $66,667 $400,000 $48,500 Total Administration $44,646 $50,146 $57,646 $44,646 $52,146 $44,646 $111,312 $111,312 $111,312 $111,312 $111,312 $111,312 $961,748 $611,812 Community Development Personnel Expenditures $7,351 $7,351 $7,351 $7,351 $7,351 $7,351 $7,351 $7,351 $7,351 $7,351 $7,351 $7,351 $88,212 $87,686 Vehicle Expenditures $65 $65 $65 $65 $65 $65 $65 $65 $65 $65 $65 $65 $783 $783 Building & Office Expenditures $888 $888 $888 $888 $888 $888 $888 $888 $888 $888 $888 $888 $10,650 $10,450 Contractual Services $83 $83 $83 $83 $83 $83 $83 $83 $83 $83 $83 $83 $1,000 $1,000 Capital Expenditures Total Community Development $8,387 $8,387 $8,387 $8,387 $8,387 $8,387 $8,387 $8,387 $8,387 $8,387 $8,387 $8,387 $100,645 $99,919 Police Personnel Expenditures $99,958 $99,958 $99,958 $99,958 $99,958 $99,958 $99,958 $99,958 $99,958 $99,958 $99,958 $99,958 $1,199,502 $1,145,968 Vehicle Expenditures $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $30,000 $27,000 Building & Office Expenditures $7,703 $7,703 $7,703 $7,703 $7,703 $7,703 $7,703 $7,703 $7,703 $7,703 $7,703 $7,703 $92,440 $86,440 Capital Expenditures $54,000 $56,400 $60,312 $50, $12,221 $232,933 $16,340 Total Police $164,162 $166,562 $170,474 $160,162 $110,162 $110,162 $110,162 $110,162 $110,162 $110,162 $110,162 $122,383 $1,554,875 $1,275,748 Copy of FY2019 Combined Budget v4.xlsx Page 22 of 46 8/30/18 6:38 PM

23 GENERAL FUND (FYE 9/30) INCOME STATEMENT FY 2019 Budget Budget Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 FY 2019 FY 2018 Municipal Court Personnel Expenditures Building & Office Expenditures Contractual Services $3,667 $3,667 $3,667 $3,667 $3,667 $3,667 $3,667 $3,667 $3,667 $3,667 $3,667 $3,667 $44,000 $48,000 Total Municipal Court $3,667 $3,667 $3,667 $3,667 $3,667 $3,667 $3,667 $3,667 $3,667 $3,667 $3,667 $3,667 $44,000 $48,000 Public Works Personnel Expenditures $31,278 $31,278 $31,278 $31,278 $31,278 $31,278 $31,278 $31,278 $31,278 $31,278 $31,278 $31,278 $375,334 $360,947 Vehicle Expenditures $1,583 $1,583 $1,583 $1,583 $1,583 $1,583 $1,583 $1,583 $1,583 $1,583 $1,583 $1,583 $19,000 $19,000 Building & Office Expenditures $4,196 $4,196 $4,196 $4,196 $4,196 $4,196 $4,196 $4,196 $4,196 $4,196 $4,196 $4,196 $50,350 $40,350 City Service Costs $10,942 $10,942 $10,942 $10,942 $10,942 $10,942 $10,942 $10,942 $10,942 $10,942 $10,942 $10,942 $131,300 $112,800 Capital Expenditures $61,002 $61,002 $66,116 $61,002 $69,002 $61,002 $61,002 $61,002 $61,002 $61,002 $61,002 $61,002 $745,135 $13,274 Total Public Works $109,000 $109,000 $114,114 $109,000 $117,000 $109,000 $109,000 $109,000 $109,000 $109,000 $109,000 $109,000 $1,321,119 $546,370 Total General Fund Expenditures $329,862 $337,762 $354,288 $325,862 $291,362 $275,862 $342,528 $342,528 $342,528 $342,528 $342,528 $354,749 $3,982,388 $2,581,849 Net Income ($241,678) ($217,996) $303,098 $517,820 $119,763 ($224,455) ($280,168) ($268,573) ($267,933) ($267,293) ($267,282) ($229,177) ########## $80,898 Income Before Capital Expenditures ($126,677) ($100,594) $429,526 $628,822 $188,764 ($163,453) ($152,499) ($140,905) ($140,265) ($139,625) ($139,613) ($89,288) $54,193 $159,012 Copy of FY2019 Combined Budget v4.xlsx Page 23 of 46 8/30/18 6:38 PM

24 GENERAL FUND BALANCE SHEET (FYE 9/30) FY 2019 Budget Budget Forecast Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 FY 2018 FY 2018 Assets FNB-Cash-Checking $147,054 $20,413 $148,071 $151,230 $154,381 $28,717 $29,904 $25,891 $29,313 $27,358 $29,646 $21,824 $26,735 $25,234 Tex Pool $1,376,677 $1,296,677 $1,486,677 $2,016,677 $2,136,677 $1,996,677 $1,726,677 $1,476,677 $1,216,677 $966,677 $636,677 $366,677 $447,749 $466,677 Petty Cash $3,379 $3,379 $3,379 $3,379 $3,379 $3,379 $3,379 $3,379 $3,379 $3,379 $3,379 $3,379 $2,373 $3,379 Total Cash $1,527,110 $1,320,470 $1,638,128 $2,171,286 $2,294,437 $2,028,773 $1,759,960 $1,505,947 $1,249,369 $997,414 $669,702 $391,880 $476,857 $495,290 Accounts Receivable-Franchise Fees $20,000 $80,000 $80,000 - Accounts Receivable-Property Taxes $2,011,273 $1,928,760 $1,309,906 $505,397 $134,085 $123,771 $103,142 $72,200 $41,257 $10, $17,296 Accounts Receivable-Garbage $779 $1,557 $3,114 $3,893 $4,671 $6,228 $7,007 $8,564 $9,342 $10,121 $10,899 $11,678 $11,678 $5,681 Accounts Receivable-Alarms $3,332 $3,332 $3,332 $3,332 $3,332 $3,332 $3,332 $3,332 $3,332 $3,332 $3,332 $3,332 $3,332 $3,334 Prepaid Insurance $45,833 $41,667 $37,500 $33,333 $29,167 $25,000 $20,833 $16,667 $12,500 $8,333 $4, Total Assets $3,588,327 $3,295,785 $2,991,980 $2,717,241 $2,465,691 $2,187,104 $1,894,275 $1,606,709 $1,315,800 $1,029,514 $708,100 $486,890 $571,866 $521,601 Liabilities Accounts Payable Accrued Payroll Taxes $6,054 $7,062 $8,576 $10,089 $10,089 $4,540 $5,549 $7,062 $8,071 $9,585 $4,036 $5,045 $4,632 ($1,287) Accrued Salaries $41,748 $48,706 $59,143 $69,581 $69,581 $31,311 $38,269 $48,706 $55,664 $66,102 $27,832 $34,790 $31,944 $62,349 Sales Tax Payable $2,096 $2,096 $2,096 $2,096 $2,096 $2,096 $2,096 $2,096 $2,096 $2,096 $2,096 $2,096 $1,635 $1,409 Deferred Revenue $2,011,273 $1,928,760 $1,309,906 $505,397 $134,085 $123,771 $103,142 $72,200 $41,257 $10, $17,296 Total Liabilities $2,061,171 $1,986,624 $1,379,722 $587,163 $215,851 $161,718 $149,057 $130,064 $107,089 $88,096 $33,964 $41,931 $38,212 $79,767 Reserves/Balances Surplus General Fund $441,834 $441,834 $441,834 $441,834 $441,834 $441,834 $441,834 $441,834 $441,834 $441,834 $441,834 $441,834 $452,757 $291,500 Change In Fund Balance $1,085,322 $867,326 $1,170,424 $1,688,244 $1,808,007 $1,583,551 $1,303,384 $1,034,810 $766,877 $499,584 $232,302 $3,125 $80,898 $150,334 Total Reserves/Balances $1,527,156 $1,309,160 $1,612,258 $2,130,078 $2,249,841 $2,025,386 $1,745,218 $1,476,645 $1,208,711 $941,418 $674,136 $444,959 $533,655 $441,834 Total Liabilities & Balances $3,588,327 $3,295,785 $2,991,980 $2,717,241 $2,465,691 $2,187,104 $1,894,275 $1,606,709 $1,315,800 $1,029,514 $708,100 $486,890 $571,866 $521, Copy of FY2019 Combined Budget v4.xlsx Page 24 of 46 8/30/18 6:38 PM

25 GENERAL FUND STATEMENT OF CASH FLOWS (FYE 9/30) FY 2019 Budget Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 FY 2019 Operating Activity Income Before Capital Expenditures ($126,677) ($100,594) $429,526 $628,822 $188,764 ($163,453) ($152,499) ($140,905) ($140,265) ($139,625) ($139,613) ($89,288) $54,193 Changes in working capital: Accounts Receivable-Franchise fees ($20,000) ($60,000) ($80,000) Accounts Receivable-Garbage $4,902 ($779) ($1,557) ($779) ($779) ($1,557) ($779) ($1,557) ($779) ($779) ($779) ($779) ($5,997) Accounts Receivable-Alarms $ $2 Prepaid Insurance ($45,833) $4,167 $4,167 $4,167 $4,167 $4,167 $4,167 $4,167 $4,167 $4,167 $4,167 $4,167 - Accounts Payable Accrued Payroll Taxes $7,341 $1,009 $1,513 $1,513 - ($5,549) $1,009 $1,513 $1,009 $1,513 ($5,549) $1,009 $6,332 Accrued Salaries ($20,601) $6,958 $10,437 $10,437 - ($38,269) $6,958 $10,437 $6,958 $10,437 ($38,269) $6,958 ($27,559) Sales Tax Payable $ $687 Cash From Operations ($180,178) ($89,239) $444,086 $644,160 $192,153 ($204,662) ($141,144) ($126,345) ($128,910) ($124,286) ($200,044) ($137,932) ($52,342) Investing Activity Capital Expenditures ($115,002) ($117,402) ($126,428) ($111,002) ($69,002) ($61,002) ($127,668) ($127,668) ($127,668) ($127,668) ($127,668) ($139,889) ########## Cash from Investing ($115,002) ($117,402) ($126,428) ($111,002) ($69,002) ($61,002) ($127,668) ($127,668) ($127,668) ($127,668) ($127,668) ($139,889) ########## Financing Activity Transfers from/(to) Debt Service Fund $1,327, $1,327,000 Cash from Financing $1,327, $1,327,000 Net Change in Cash $1,031,820 ($206,640) $317,658 $533,159 $123,151 ($265,664) ($268,812) ($254,013) ($256,578) ($251,955) ($327,712) ($277,822) ($103,410) Beginning of Period $495,290 $1,527,110 $1,320,470 $1,638,128 $2,171,286 $2,294,437 $2,028,773 $1,759,960 $1,505,947 $1,249,369 $997,414 $669,702 $495,290 End of Period $1,527,110 $1,320,470 $1,638,128 $2,171,286 $2,294,437 $2,028,773 $1,759,960 $1,505,947 $1,249,369 $997,414 $669,702 $391,880 $391,880 Copy of FY2019 Combined Budget v4.xlsx Page 25 of 46 8/30/18 6:38 PM

26 GENERAL FUND CAPITAL EXPENDITURES (FYE 9/30) FY 2019 Budget Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 FY 2019 Administration Town Hall FY 2019 CIP $66,667 $66,667 $66,667 $66,667 $66,667 $66,667 $400,000 Bathroom Remodel Subtotal $66,667 $66,667 $66,667 $66,667 $66,667 $66,667 $400,000 Police FY19 Patrol Vehicle (Chev Tahoe) $12,221 $12,221 FY18 Patrol Vehicle (Chev Tahoe) - - $10, $10,312 Ballistic Vest $4, $4,000 Security Cameras FY 2019 CIP $50,000 $50,000 $50,000 $50, $200,000 Digital Video Storage/Server - $6, $6,400 Evidence Lockers Subtotal $54,000 $56,400 $60,312 $50, $12,221 $232,933 Public Works FY18 Trash Truck (Ford F250) - - $5, $5,114 Street Signs $8, $8,000 Hidden Creek/Merrymount FY 2019 CIP $61,002 $61,002 $61,002 $61,002 $61,002 $61,002 $61,002 $61,002 $61,002 $61,002 $61,002 $61,002 $732,021 Subtotal $61,002 $61,002 $66,116 $61,002 $69,002 $61,002 $61,002 $61,002 $61,002 $61,002 $61,002 $61,002 $745,135 Community Development [None] Subtotal Total $115,002 $117,402 $126,428 $111,002 $69,002 $61,002 $127,668 $127,668 $127,668 $127,668 $127,668 $139,889 $1,378,068 Copy of FY2019 Combined Budget v4.xlsx Page 26 of 46 8/30/18 6:38 PM

27 GENERAL FUND OPERATING RESERVE & CASH AVAILABLE FOR CAPITAL EXPENDITURE Operating Expense Budget $2,604,320 Operating Reserve % 25.0% Operating Reserve $651,080 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Ending Cash Balance $1,527,110 $1,320,470 $1,638,128 $2,171,286 $2,294,437 $2,028,773 $1,759,960 $1,505,947 $1,249,369 $997,414 $669,702 $391,880 Less Min Operating Reserve ($651,080) ($651,080) ($651,080) ($651,080) ($651,080) ($651,080) ($651,080) ($651,080) ($651,080) ($651,080) ($651,080) ($651,080) Cash Available for Capex $876,030 $669,390 $987,048 $1,520,206 $1,643,357 $1,377,693 $1,108,881 $854,867 $598,289 $346,334 $18,622 ($259,200) Less Min Cash Avail for Capex ($150,000) ($150,000) ($150,000) ($150,000) ($150,000) ($150,000) ($150,000) ($150,000) ($150,000) ($150,000) ($150,000) ($150,000) Excess Cash Avail for Capex $726,030 $519,390 $837,048 $1,370,206 $1,493,357 $1,227,693 $958,881 $704,867 $448,289 $196,334 ($131,378) ($409,200) Cash % of Operating Expense 58.6% 50.7% 62.9% 83.4% 88.1% 77.9% 67.6% 57.8% 48.0% 38.3% 25.7% 15.0% Average 56.2% Minimum 15.0% Maximum 88.1% Copy of FY2019 Combined Budget v4.xlsx Page 27 of 46 8/30/18 6:38 PM

28 GENERAL FUND Balance Sheet Inputs FY 2019 Budget Balance Sheet Date Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 FY 2019 Cash Transfer to (from) Tex Pool $910,000 ($80,000) $190,000 $530,000 $120,000 ($140,000) ($270,000) ($250,000) ($260,000) ($250,000) ($330,000) ($270,000) ($100,000) FNB-Cash-checking - Min $25,000 FNB-Cash-checking - Max $150,000 FY 2019B Accounts Receivable-Garbage 37 Days Sales Outstanding Accounts Receivable-Alarms 37 Days Sales Outstanding Sales Tax Payable 0.90% % Building and Office Expenses Accrued Salaries and Payroll Taxes: Accrued Salaries Total Salary Budget $1,266,366 Weeks per Pay Period 2 Total Salaries Paid per Pay Period $48,706 Last Pay Date Prior to FY Beginning 09/28/18 Days Between Pay Period End and Pay Date 7 Percent of Pay Period Accrued at Mo End 85.7% 100.0% 121.4% 142.9% 142.9% 64.3% 78.6% 100.0% 114.3% 135.7% 57.1% 71.4% Accrued Salaries at Mo End $41,748 $48,706 $59,143 $69,581 $69,581 $31,311 $38,269 $48,706 $55,664 $66,102 $27,832 $34,790 Accrued Payroll Taxes Accrued Payroll Taxes as % Accrued Salaries 14.5% Income Statement Inputs FY 2019 Budget Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 FY 2019 Seasonality: Ad Valorem Tax Receipts 2.5% 4.0% 30.0% 39.0% 18.0% 0.5% 1.0% 1.5% 1.5% 1.5% 0.5% - % 100.0% Ad Valorem Tax Fees - % - % - % - % 20.0% 20.0% 16.0% 16.0% 12.0% 12.0% 4.0% - % 100.0% Franchise Fees - % - % - % - % - % - % - % - % - % - % 20.0% 80.0% 100.0% Garbage, Extra Bags, and Brush Pickup 1.0% 2.0% 4.0% 5.0% 6.0% 8.0% 9.0% 11.0% 12.0% 13.0% 14.0% 15.0% 100.0% % of Total Audit Fee 3.7% - % - % 50.0% - % 50.0% - % - % - % - % - % - % - % 100.0% Tarrant Appraisal District 2.7% - % 50.0% 50.0% - % - % - % - % - % - % - % - % - % 100.0% Other 93.6% 8.3% 8.3% 8.3% 8.3% 8.3% 8.3% 8.3% 8.3% 8.3% 8.3% 8.3% 8.3% 100.0% Total Admin Dept Contr Svc 100.0% 7.8% 9.2% 11.0% 7.8% 9.7% 7.8% 7.8% 7.8% 7.8% 7.8% 7.8% 7.8% 100.0% Copy of FY2019 Combined Budget v4.xlsx Page 28 of 46 8/30/18 6:38 PM

29 TOWN OF WESTOVER HILLS WATER FUND Copy of FY2019 Combined Budget v4.xlsx Page 29 of 46 8/30/18 6:38 PM

30 WATER FUND INCOME STATEMENT (FYE 9/30) FY 2019 FY 2018 FY 2018B FY 2018B Forecast Budget Last 2 Mo YTD Actual Budget $ Change % Change FY 2018 FY 2018 Forecast 7/31/18 Variance FY 2017 Revenues Water Revenues $990,876 $26, % $963,995 $963,995 $121,652 $842,343 $0 $888,360 Sewer Revenues $271,106 $34, % $236,542 $236,542 $46,944 $189,598 $0 $206,275 Total Revenues $1,261,982 $61, % $1,200,537 $1,200,537 $168,596 $1,031,941 $0 $1,094,635 Cost of Goods Sold Water Cost $707,884 $96, % $611,291 $611,291 $100,181 $511,110 $0 $527,516 Sewer Cost $100,788 $14, % $86,297 $86,297 $28,154 $58,143 $0 $67,112 Total Cost of Goods Sold $808,671 $111, % $697,588 $697,588 $128,335 $569,253 $0 $594,628 Gross Profit Water $282,992 ($69,712) (19.8%) $352,704 $352,704 $21,471 $331,233 $0 $360,844 Sewer $170,319 $20, % $150,245 $150,245 $18,790 $131,455 $0 $139,163 Total Gross Profit $453,311 ($49,638) (9.9%) $502,949 $502,949 $40,261 $462,688 $0 $500,007 Expenses Personnel Labor - Temporary Services $1,000 $0 - % $1,000 $1,000 $1,000 $0 $0 $0 Training & Education $2,000 $0 - % $2,000 $2,000 $1,484 $516 $0 $1,980 Total $3,000 $0 - % $3,000 $3,000 $2,484 $516 $0 $1,980 Building & Office Postage $2,500 $0 - % $2,500 $2,500 $675 $1,825 $0 $1,947 Office and Printing $1,000 $0 - % $1,000 $1,000 $538 $462 $0 $2,900 Tools & Misc. Hardware $2,000 $0 - % $2,000 $2,000 $1,643 $357 $0 $1,314 Dues, Fees & Subscriptions $2,000 $0 - % $2,000 $2,000 ($1,841) $3,841 $0 $2,104 Professional Services $20,000 ($10,000) (33.3%) $30,000 $30,000 $21,153 $8,847 $0 $87,080 Technology $13,213 $0 - % $13,213 $13,213 $13,213 $0 $0 $0 Miscellaneous $8,000 $0 - % $8,000 $8,000 $2,435 $5,565 $0 $5,091 Total $48,713 ($10,000) (17.0%) $58,713 $58,713 $37,816 $20,897 $0 $100,436 Contractual Service Attorney & Consultants $0 $0 na $0 $0 $0 $0 $0 $0 Services Contract $0 $0 na $0 $0 $0 $0 $0 $0 Water Impact Fees $0 $0 na $0 $0 ($4,810) $4,810 $0 $0 Reimbursement to General Fund $300,000 ($2,000) (0.7%) $302,000 $302,000 $50,340 $251,660 $0 $237,996 Bank Service Fees $1,600 $0 - % $1,600 $1,600 $276 $1,324 $0 $1,554 Lock Box Fees $5,000 $0 - % $5,000 $5,000 $4,605 $395 $0 $2,729 Repairs $12,000 $0 - % $12,000 $12,000 $4,296 $7,704 $0 $7,436 Sewer Inspection and Derooting $15,000 $0 - % $15,000 $15,000 $4,709 $10,291 $0 $9,103 Street Repairs-Water Related $8,000 $0 - % $8,000 $8,000 $7,319 $681 $0 $0 Depreciation $175,000 $28, % $167,000 $147,000 $27,576 $139,424 $20,000 $165,481 Accounting Fees $0 $0 na $0 $0 $0 $0 $0 $0 Interest $0 $0 na $0 $0 $0 $0 $0 $0 Total $516,600 $26, % $510,600 $490,600 $94,311 $416,289 $20,000 $424,299 Copy of FY2019 Combined Budget v4.xlsx Page 30 of 46 8/30/18 6:38 PM