Wells Branch Municipal Utility District. Accounting Report. July 17, 2018

Transcription

1 Wells Branch Municipal Utility District Accounting Report July 17, 2018 Financial Highlights: The operating fund has cash and investments of approximately $11.7 million; the debt service fund cash/investment balance is $156,000. The month of May came in $219,000 ahead of plan. The majority is resulting from lower costs related to the COA wholesale water and sewer rates. Year to date we re $215,000 ahead of the plan. The majority is resulting from lower costs related to the COA wholesale water and sewer rates. The approximate COA rate adjustment for the month of May was $40,000. The rate adjustments from 6/14 to 5/18 totals $2,054,000. The estimated billing credit given for May was $40,000 and to date is $1,388,000. Capital spending for the month totaled $111,000 the majority of which was for the skate park. The operating fund balance through May is approximately $11.9 million (approximately $2.5 million assigned to 3 month operating reserve and $1.5 million assigned to a City of Austin reserve). Tax collections through 6/30/18 at 99.3% BOARD PACKET JULY 17 TH, 2018 AGENDA ITEM #4 1 of 17

2 Cash / Investment Activity Report 2 of 17

3 Wells Branch M.U.D. Cash/Investment Activity Report May 31, July 17, 2018 Projected Balance Subsequent Subsequent Transfers to be Balance 5/31/2018 Receipts Disbursements Approved 7/ /17/2018 General Fund - Chase Bank (Operating) Master Account $ 100, $ - $ - $ - $ 100, Controlled Disbursements Payroll Chase Bank (Operating) 100, , Chase (Manager's) 19, , FSBCT Operating Account 39, , (875,774.66) - 39, FSBCT Manager's Account 30, , (61,290.77) - 30, FSBCT Sweep Account 24, ,582, (937,065.43) 500, ,169, Compass Lockbox 537, , (1,082,441.87) - (0.00) JP Morgan Chase (Sweep) 870, , Texpool (Operating) 10,489, (500,000.00) (481,546.78) 1,2 9,507, Total - General Fund 12,110, ,064, (3,456,572.73) 18, ,737, Debt Service Fund - Texpool (Tax) 43, (33,453.22) 2,3 9, Texpool (Debt Service) 112, , , Total - Debt Service Fund 156, (18,453.22) 137, Total - All Funds $ 12,267, $ 3,064, $ (3,456,572.73) $ (0.00) $ 11,875, Transfer Letter Information: 1. Transfer texpool operating funds to FSBCT operating account ($500,000.00) 2. Transfer tax collections to operating texpool account ($18,453.22) 3. Transfer tax collections to debt service texpool account ($15,000.00) 3 of 17

4 Financial Statements 4 of 17

5 Wells Branch M.U.D. Accountant's Compilation Report May 31,2018 Management is responsible for the accompanying financial statements of Wells Branch M.U.D. (a governmental entity), which comprise the governmental funds balance sheet as of May 31, 2018 and the related statement of revenues, expenditures and changes in fund balance for the eight months then ended, which collectively comprise the District's basic financial statements in accordance with the accounting principles generally accepted in the United States of America. We have performed a compilation engagement in accordance with Statements on Standards for Accounting and Review Services promulgated by the Accounting and Review Services Committee of the AICPA. We did not audit or review the financial statements nor were we required to perform any procedures to verify the accuracy or completeness of the information provided by management. Accordingly, we do not express an opinion, a conclusion, nor provide any form of assurance on these financial statements. Accounting principles generally accepted in the United States of America require that budgetary comparison information be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting and for placing the basic financial statements in an appropriate operational, economic, or historical context. Such information has been compiled by us without audit or review and, accordingly, we do not express an opinion or provide any assurance on it. The District has omitted the management's discussion and analysis, the Statement of Net Assets, and Statement of Activities that the Governmental Accounting Standards Board requires to be presented to supplement the basic financial statements. Such missing information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historic context. In addition, the District has elected to omit substantially all of the disclosures and the statement of cash flows required by accounting principles generally accepted in the United States of America. If the omitted disclosures and components required by GASB 34 were included in the financial statements, they might influence the user's conclusions about the District's financial position, results of operations, and cash flows. Accordingly, these financial statements are not designed for those who are not informed about such matters. Supplementary Information The supplementary information contained in the schedules described in the Supplementary Information Index is presented for purposes of additional analysis and is not a required part of the basic financial statements. This information is the representation of management. The information was subject to our compilation engagement, however, we have not audited or reviewed the supplementary information and, accordingly, do not express an opinion, a conclusion, nor provide any form of assurance on such supplementary information. We are not independent with respect to Wells Branch M.U.D. July 10, 2018 Round Rock, TX BOTT & DOUTHITT, P.L.L.C. 5 of 17

6 Wells Branch Municipal Utility District Governmental Funds Balance Sheet May 31, 2018 Assets Cash and Cash Equivalents Cash 751, Governmental Funds Governmental General Debt Service Funds Fund Fund Total $ $ - $ 751, Investments 11,359, , ,515, Receivables Service Accounts, net 970, , Property Taxes 71, , , Other 162, , Due from Other Funds 18, , Total Assets $ 13,333, $ 177, $ 13,511, Liabilities Accounts Payable $ 476, $ - $ 476, Bank In Transit Accrued Expenses 79, , Refundable Deposits 765, , Other Liabilities 1, , Deferred Revenue 88, , , Due to Other Funds - 18, , Total Liabilities 1,411, , ,451, Fund Balance Fund Balances: Restricted for Debt Service - 137, , Assigned 2,105, ,105, Unassigned 9,816, ,816, Total Fund Balances 11,921, , ,059, Total Liabilities and Fund Balances $ 13,333, $ 177, $ 13,511, See Accountants' Report. 6 of 17

7 Wells Branch Municipal Utility District Statement of Revenues, Expenditures & Changes in Fund Balance-Governmental Funds October 1, May 31, 2018 Governmental Funds Governmental General Debt Service Funds Fund Fund Total Revenues: Water, Wastewater and Garbage Service $ 4,475, $ - $ 4,475, Recreational Fees 277, , Property Taxes, Including Penalties 4,316, , ,415, Interest 82, , , Other 51, , Total Revenues 9,204, , ,313, Expenditures: Current- Water, Wastewater and Garbage 2,034, ,034, Salary and Related Expenditures 1,124, ,124, Park, Pool and Programming 847, , Management Services 197, , Office 99, , Insurance 173, , Covenant Compliance 9, , Security Lighting and Services 103, , Compost 90, , Repairs and Maintenance 109, , Legal Fees 188, , Director Fees 19, , Engineering Fees 307, , Other Consulting Fees 60, , Audit Fees 17, , Bookkeeping Fees 43, , Tax Appraisal/Collection Fees 15, , Other 132, , Capital Outlay 476, , Debt Service: Principal Payments Interest and Fiscal Charges - 4, , Total Expenditures 6,050, , ,054, Excess/(Deficiency) of Revenues over Expenditures 3,154, , ,258, Net Change in Fund Balance 3,154, , ,258, Fund Balance, October 1, ,767, , ,801, Fund Balance, May 31, 2018 $ 11,921, $ 137, $ 12,059, 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 May 31, 2018 YEAR TO DATE AMENDED ACTUAL BUDGET VARIANCE BUDGET Revenues: Utility Services 4,475,643 4,429,240 46,403 6,841,022 Parks & Recreation 292, ,493 (2,759) 469,093 Taxes & Miscellaneous 4,436,008 4,420,318 15,690 4,465,118 Total Revenues 9,204,385 9,145,051 59,333 11,775,233 Expenditures: Water & Sewer Services 2,257,431 2,382, ,887 4,551,276 Solid Waste 380, ,972 (1,838) 574,972 Administrative 1,063,291 1,093,027 29,736 1,752,149 Recreation Programming 590, ,295 (6,756) 1,127,804 Parks & Rec. Maint/Supp/Util 1,127,908 1,148,614 20,706 1,851,074 Information Services 10,545 10, ,649 Security Services 103, ,294 (582) 162,770 Miscellaneous 39,663 41,481 1,818 66,081 Total Operating Expenditures 5,573,576 5,741, ,124 10,102,774 Total Operating Gain/(Loss) 3,630,809 3,403, ,458 1,672,459 Capital Outlay 476, ,611 (1,981) 2,010,403 Total Expenditures 6,050,168 6,216, ,143 12,113,177 Excess Revenues (Expenditures) 3,154,216 2,928, ,476 (337,944) See Accountant's Report 9 of 17

10 WELLS BRANCH MUNICIPAL UTILITY DISTRICT SCHEDULE OF REVENUES & EXPENDITURES (Actuals + Remaining Budget) FISCAL YEAR 2018 AMENDED MOST BUDGET PROBABLE ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL BUDGET BUDGET BUDGET BUDGET BUDGET FY-2018 FY Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Revenues: UTILITY SERVICES Basic Services 1,742,400 1,744, , , , , , , , , , , , , ,400 Water Services Fees 2,334,261 2,380, , , , , , , , , , , , , ,960 Sewer Services Fees 2,598,920 2,598, , , , , , , , , , , , , ,270 Service Penalties 66,689 65,432 7,191 6,110 5,722 6,752 5,434 4,477 3,276 3,841 5,097 5,344 5,898 5,448 5,939 Drainage Fees 98,753 99,144 8,402 8,384 8,394 8,392 8,398 8,389 8,395 8,390 8,000 8,000 8,000 8,000 8,000 6,841,022 6,887, , , , , , , , , , , , , ,569 PARKS & RECREATION Recreational Fees 215, ,513 11,220 7,970 7,436 9,948 11,801 16,000 48,747 20,791 20,300 37,300 19,300 13,300 11,700 Commercial Pool Rentals 27,374 27,374 3, , , Recreation Tags 120, ,807 5,786 4,728 5,150 6,052 4,820 7,213 26,914 19,145 15,000 23,000 11,000 6,000 5,000 Facilities Rental 104,261 97,391 10,660 2,155 7,515 12,706 12,690 8,605 12,705 3,605 10,475 5,750 7,600 6,700 6,700 Facilities Rental Security 1,775 1, , ,334 30,951 14,853 20,101 33,795 29,311 31,818 88,366 43,541 46,300 85,300 38,300 26,300 23,700 TAXES & MISCELLANEOUS Property Tax 4,306,993 4,309,293 13, ,343 1,827,763 1,899, ,353 1,712 10,675 2, Property Tax Penalty 6,902 7, ,099 1,451 1,127 1, Interlocal Revenues Recycle Rebate Interest Investment 113, ,506 6,545 6,283 7,533 8,207 8,311 12,830 15,944 16,853 9,500 9,500 9,500 9,500 9,500 Miscellaneous Revenue 38,071 43,122 17,809 3,702 1, ,741 1, ,500 1,500 1,500 1,500 1,500 4,465,118 4,480,808 38, ,425 1,837,243 1,908, ,539 26,735 29,072 20,890 11,200 11,200 11,200 11,200 11,200 Total Revenues 11,775,233 11,834, , ,702 2,434,077 2,479, , , , , , , , , ,469 Expenditures: WATER & SEWER SERVICE Bulk Water Purchases 1,337,009 1,292,194 81,432 78,022 67,543 60,026 54,697 70,638 70,781 88, , , , , ,958 Bulk Water Purchases Base 232, ,656 18,600 18,601 18,602 18,603 18,604 18,605 18,606 18,607 20,457 20,457 20,457 20,457 20,457 Bulk Sewer Purchases 1,719,991 1,656, , , , , , , , , , , , , ,740 Utility Management 305, ,744 24,765 24,750 24,742 24,739 24,741 24,746 24,746 24,766 26,437 26,437 26,437 26,437 26,437 Water System Maint 126, ,691 10,664 26,570 4,407 6,939 2,891 7,756 21,019 8,108 9,333 9,333 9,333 9,333 9,337 Sewer System Maint 255, , ,611 5,392 3, ,005 24,167 24,167 24,167 24, ,163 Sewer System Assessment 100, , ,000 Storm Sewer/MS4 Permit 344, ,184 14,298 81,249 14,160 14,133 14,805 14,146 56,506 21,886 15,000 15,000 15,000 15,000 75,000 Storm Drainage Rehab 30,000 30, ,000 Water & Sewer Service Fees 97,918 97,588 9,329 8,394 8,229 8,172 7,904 7,573 6,817 7,670 8,000 8,000 8,000 8,500 9,000 Conservation Education 1,679 1, ,445 (21) ,551,276 4,426, , , , , , , , , , , , , ,092 SOLID WASTE Garbage Collection 574, ,811 48,841 45,878 46,367 46,349 46,381 46,288 49,868 50,838 49,000 49,000 49,000 49,000 49, , ,811 48,841 45,878 46,367 46,349 46,381 46,288 49,868 50,838 49,000 49,000 49,000 49,000 49,000 ADMINISTRATIVE Director Fees 29,095 29,902 2,099 1,292 2, ,067 6,168 1,808 3,391 2,584 2,584 2,584 2,579 2,584 Legal Fees 267, ,350 20,439 16,617 17,793 27,101 26,638 30,131 23,377 21,252 21,000 21,000 21,000 21,000 21,000 Legal-Special 15,780 14, , ,481 2,500 2,500 2,500 2,500 2,500 Restrictive Covenants 9,108 9, , ,585 1,333 1,333 1,333 1,333 1,337 Engineering Fees - General 17,785 17,733 1,469 1,446 1,400 1,527 1,485 1,498 1,460 1,448 1,500 1,500 1,500 1,500 1,500 Engineering Fees - Special 118, ,591 9,760 3,782 8,869 6,042 7,811 7,282 12,911 8,134 12,500 12,500 12,500 12,500 12,500 Auditing Fees 17,900 17, ,000 4, Accounting Fees 65,470 65,248 5,370 5,370 5,278 6,120 5,278 5,370 5,185 5,278 5,500 5,500 5,500 5,500 5,500 Office Personnel 480, ,384 40,687 40,421 38,592 43,600 33,311 41,393 41,027 42,414 39,200 40,200 42,200 39,200 40, of 17

11 WELLS BRANCH MUNICIPAL UTILITY DISTRICT SCHEDULE OF REVENUES & EXPENDITURES (Actuals + Remaining Budget) FISCAL YEAR 2018 AMENDED MOST BUDGET PROBABLE ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL BUDGET BUDGET BUDGET BUDGET BUDGET FY-2018 FY Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Other Professional Consult. 126, ,267 6,516 6,233 7,722 6,689 5,040 11,890 6,942 9,235 15,000 15,000 15,000 15,000 15,000 Train/Conf/Travel-Employees 22,874 18,178 1, ,456 5,010 2,572 1,932 1, , ,200 1, Train/Conf/Travel-Directors 17,729 17, , , Tax Coll/Appr Fees 26,100 26, ,833 5, , , ,500 Office Supplies 22,424 20,945 2,969 2, ,265 1,299 1,104 2,583 2,583 2,583 2,583 2,587 Facility Utilities 46,994 42,985 5,330 3,385 3,410 2,433 1,962 2,139 2,035 2,091 6,100 5,000 5,100 5,100 5,000 Telephone 9,485 9, Mobile Phones 9,204 8, ,100 1,100 1,100 1,100 1, b Contributions/Exp 64,226 64,420 4,797 5,007 4,327 4,880 4,297 4,676 5,663 6,309 6,116 6,116 6,116 6,116 6,116 Homestead Operations 8,192 7, ,634 1, Employee Insurance 291, ,192 16,155 17,463 17,582 26,056 20,302 24,103 18,025 18,476 29,924 29,924 32,258 29,924 29,924 Automation Equip Support 72,600 72,051 6,808 4,537 3,887 4,398 5,415 3,983 7,306 4,251 4,800 4,800 4,800 4,800 17,067 Bank Fees 13,353 13,202 1,080 1,101 1,114 1, ,132 1,057 1,050 1,200 1,200 1,200 1,200 1,200 Election (67) (67) (67) ,752,149 1,722, , , , , , , , , , , , , ,325 RECREATION PROGRAMMING Recreation Contractors 124, ,156 10,512 7,772 4,839 5,378 8,346 12,171 8,651 6,488 10,000 15,000 15,000 15,000 12,000 Recreation Employees 368, ,914 24,807 28,320 24,549 26,539 23,508 25,295 26,051 31,049 25,167 45,759 46,383 47,215 24,439 Recreation Supplies 28,969 26,954 4,051 2, ,282 1,745 1,938 1,621 1,151 3,167 3,167 3,166 3,167 3,167 Recreation Event Supplies 109, ,162 2,059 3,321 2,545 21,747 2,763 8,905 2,907 13,914 8,000 30,000 15,000 6,000 6,000 Recreation Center Utility 57,771 52,692 3,485 5,792 4,365 7,018 2,192 5,570 1,998 2,937 4,833 4,833 4,833 4,833 4,837 Recreation Service Fees 24,480 24,102 1, ,505 1,385 1,834 3,499 2,621 3,000 3,000 2,400 2,400 2,400 Pool Maintenance 76,730 82, ,195 1,075 15,704 8,828 1,917 7,511 12,742 10,600 5,800 5,800 5,800 5,800 Pool Utilities 3,353 2, Pool Personnel 334, ,723 15,328 15,322 12,791 14,611 12,503 15,497 18,187 32,374 31,029 56,000 61,499 56,066 25,545 1,127,804 1,134,560 62,999 73,689 51,480 93,785 61,271 73,126 70, ,277 96, , , ,031 84,738 PARKS & REC. MAINT/SUPP/UTIL Greenbelt Maintenance 363, ,456 30,281 30,281 30,295 30,305 30,281 30,281 30,281 30,323 30,281 30,281 30,281 30,281 30,284 Soccer Field Maintenance 130, ,310 11,248 10,790 10,790 10,909 11,006 10,827 10,790 10,790 10,790 10,790 10,790 10,790 10,790 Special Projects & Tree Removal 40,000 30, , ,303 10,585-10, ,832 - Seasonal Landscape Maint 105, ,609 15, ,609 20,000 20,000-10,000 39,056 Landscaping Plantings & Irrigatio 80,000 71,593-24, ,959 17,446 6, , Invasive Plant Maintenance 40,000 40, , , Creek Stabilization 25,000 25, ,000-15,000 Trail Repairs 3,175 5, ,441-3, Disc Golf 4,944 4, Park Fac. Maintenance 75,000 64,530 1,024 1,270 1,969 5, ,209 6, ,000 10,000 10,000 10,000 14,374 Greenbelt Utilities 10,321 10,965 1,216 1,062 1,412 1,251 1, , Compost Collection 170, ,527 8,579 8,125 6,363 11,561 9,303 19,029 15,507 10,665 18,138 20,385 19,542 17,015 16,453 Compost Distribution 2,748 2, Office/Community Center 9,918 11, ,998 1,667 1,667 1,667 1,667 1,663 Fence Maintenance 13,299 11, , ,083 2,083 2,083 2,083 2,087 Maintenance & Supplies 105, ,887 10,647 7,209 7,231 7,147 7,398 9,902 6,022 8,331 10,000 10,000 10,000 10,000 10,000 Maintenance Personnel 664, ,112 52,131 55,094 48,587 54,889 48,135 52,438 53,144 51,693 55,000 60,000 65,000 60,000 60,000 Vandalism Damages/Repairs 1,390 1, Safety Equipment 6,581 6, , ,851,074 1,830, , , , , , , , , , , , , ,369 INFORMATION SERVICES Printing/Publicity/Mailing 16,649 16,495 1,177 1,272 1, , ,000 16,649 16,495 1,177 1,272 1, , ,000 SECURITY SERVICES Security Lights 36,429 37,164 3,559 2,981 3,221 3,198 2,038 2,447 2,517 2,468 1,733 4,033 2,633 4,033 4,037 Security Monitoring 7,255 7, of 17

12 WELLS BRANCH MUNICIPAL UTILITY DISTRICT SCHEDULE OF REVENUES & EXPENDITURES (Actuals + Remaining Budget) FISCAL YEAR 2018 AMENDED MOST BUDGET PROBABLE ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL BUDGET BUDGET BUDGET BUDGET BUDGET FY-2018 FY Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Security Supplies 1, Security Patrol 118, ,188 9,213 9,809 8,364 10,217 8,949 9,599 10,195 10,502 10,400 9,800 11,900 9,800 9, , ,352 13,337 13,356 12,150 14,014 11,557 12,615 13,282 13,565 12,983 14,683 15,383 14,683 14,727 MISCELLANEOUS Permits/Member Dues/Lic. 20,899 20, , Facilities Insurance 28,362 28, ,181-7, , ,000 Miscellaneous 16,820 15,362 2,094 2, ,000 2,000 2,000 2,000 3,000 66,081 64,263 2,111 20, , , ,400 9,400 2,400 2,400 10,400 TOTAL OPERATING EXP. 10,102,774 9,934, , , , , , , , , ,413 1,018,136 1,011,885 1,006,402 1,324,651 TOTAL OPER. GAIN/LOSS 1,672,459 1,899,917 14,114 78,573 1,828,154 1,776, ,909 (187,010) (63,377) (94,552) (315,835) (351,661) (334,106) (387,943) (657,182) CAPITAL OUTLAY Sampling Sites 33,000 33, ,504 2, ,127 Hydrant Replacement 126, ,000 3, ,102 Meter Vault Replacement 18,000 18, ,000 Irrigation Wells 50,000 50, ,000 Mainline Valves 27,000 27, ,000 Mills Pond Dam 50,000 50, ,000 Maintenance Equipment 15,000 15, ,000 Capital Outlay 100, , ,000 LED Signs Recreation Center Equipment 60,000 60, ,000 Skate Park 500, ,001 4,395 3,258 1,593 17,133 10,400 19,437 38,083 99,442 99, ,259 Dog Park 350, , ,321 2, ,323 Trail Lights 41,005 41, ,480 14, Park Trash Cans 40,000 40, ,000 Soccer Complex IT 15,000 15, , ,415 MP Pavillion Renovations 20,000 20, ,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, , ,566 WB Playscape 113, , , Soccer Complex 20,552 22, ,211 20,529 1,578 (14,767) 11,900 10, Pool Shade Cover 21,280 21, , GIS Conversion 50,000 50, ,000 East Side Creek Bridge 15,000 15, ,000 Pump Station 25,285 25, , ,010,403 2,012,384 25, ,558 2,324 45,630 58,919 40,043 71, , , ,535,792 Total Expenditures 12,113,177 11,947, , , , , , , , ,207 1,029,176 1,018,136 1,011,885 1,006,402 2,860,443 Excess Revenues (Exp.) (337,944) (112,468) (11,702) (39,984) 1,825,830 1,731, ,990 (227,053) (134,937) (208,296) (427,598) (351,661) (334,106) (387,943) (2,192,974) Un-audited Fund Balance 9/30/17: 8,758,119 Fund Balance Through Current Month: 12,120,631 Est Fund Balance Through 9/30/18: 8,645, of 17

13 WELLS BRANCH MUNICIPAL UTILITY DISTRICT BUDGETARY COMPARISON SCHEDULE - GENERAL FUND May 31, 2018 CURRENT MONTH YEAR TO DATE ACTUAL BUDGET VARIANCE ACTUAL BUDGET VARIANCE Revenues: UTILITY SERVICES Basic Services 146, ,400 1,688 1,166,488 1,164,800 1,688 Water Services Fees 213, ,760 45,926 1,463,820 1,417,894 45,926 Sewer Services Fees 218, ,821 (345) 1,735,388 1,735,734 (345) Service Penalties 3,841 5,097 (1,256) 42,803 44,060 (1,256) Drainage Fees 8,390 8, ,144 66, , ,078 46,403 4,475,643 4,429,240 46,403 PARKS & RECREATION Recreational Fees 20,791 20, , , Commercial Pool Rentals ,374 8,374 - Recreation Tags 19,145 15,000 4,145 79,807 75,662 4,145 Facilities Rental 3,605 10,475 (6,870) 70,641 77,511 (6,870) Facilities Rental Security (525) (525) 43,541 46,300 (2,759) 292, ,493 (2,759) TAXES & MISCELLANEOUS Property Tax 2,300-2,300 4,309,293 4,306,993 2,300 Property Tax Penalty 1, ,087 6, Interest Investment 16,853 9,500 7,353 82,506 75,153 7,353 Miscellaneous Revenue 551 1,500 (949) 37,122 32,071 5,051 20,890 11,200 9,690 4,436,008 4,420,318 15,690 Total Revenues 654, ,578 53,333 9,204,385 9,145,051 59,333 Expenditures: WATER & SEWER SERVICE Bulk Water Purchases 88, ,949 44, , ,088 44,815 Bulk Water Purchases Base 18,607 20,457 1, , ,678 1,850 Bulk Sewer Purchases 117, ,740 63, , ,031 63,698 Utility Management 24,766 26,437 1, , ,667 1,671 Water System Maint 8,108 9,333 1,225 88,355 89,580 1,225 Sewer System Maint 6,005 24,167 18,162 20,718 38,880 18,162 MS4 Permit 21,886 15,000 (6,886) 231, ,298 (6,886) Water & Sewer Service Fees 7,670 8, ,088 64, Conservation Education (21) ,658 1, , , ,887 2,257,431 2,382, ,887 SOLID WASTE Garbage Collection 50,838 49,000 (1,838) 380, ,972 (1,838) 50,838 49,000 (1,838) 380, ,972 (1,838) ADMINISTRATIVE Director Fees 3,391 2,584 (807) 19,571 18,764 (807) Legal Fees 21,252 21,000 (252) 183, ,098 (252) Legal-Special 1,481 2,500 1,019 4,761 5,780 1,019 Restrictive Covenants 1,585 1,333 (252) 4,024 3,772 (252) Engineering Fees - General 1,448 1, ,733 11, Engineering Fees - Special 8,134 12,500 4,366 64,591 68,957 4,366 Auditing Fees ,900 17,900 - Accounting Fees 5,278 5, ,248 43, Office Personnel 42,414 39,200 (3,214) 321, ,231 (3,214) Other Professional Consult. 9,235 15,000 5,765 60,267 66,032 5,765 Training/Conf/Travel-Employees 464 5,160 4,696 14,416 19,112 4,696 Training/Conf/Travel-Directors ,065 5, Tax Coll/Appr Fees 89 - (89) 15,189 15,100 (89) See Accountant's Report 13 of 17

14 WELLS BRANCH MUNICIPAL UTILITY DISTRICT BUDGETARY COMPARISON SCHEDULE - GENERAL FUND May 31, 2018 CURRENT MONTH YEAR TO DATE ACTUAL BUDGET VARIANCE ACTUAL BUDGET VARIANCE Office Supplies 1,104 2,583 1,479 10,609 12,088 1,479 Facility Utilities 2,091 6,100 4,009 22,785 26,794 4,009 Telephones (334) 7,219 6,885 (334) Mobile Phones 540 1, ,244 4, b Contributions/Exp 6,309 6,116 (193) 39,956 39,762 (193) Homestead Operations ,837 6, Employee Insurance 18,476 29,924 11, , ,611 11,448 Automation Equip Support 4,251 4, ,584 41, Bank Fees 1,050 1, ,402 8, Election Expenditures (67) (67) - 130, ,068 29,736 1,063,291 1,093,027 29,736 RECREATION PROGRAMMING Recreation Contractors 6,488 10,000 3,512 64,156 67,843 3,687 Recreation Employees 31,049 25,167 (5,882) 210, ,236 (5,882) Recreation Supplies 1,151 3,167 2,016 14,287 16,302 2,016 Recreation Event Supplies 13,914 8,000 (5,914) 58,162 52,247 (5,914) Recreation Center Utility 2,937 4,833 1,896 33,356 38,435 5,078 Recreation Service Fees 2,621 3, ,902 14, Pool Maintenance 12,742 10,600 (2,142) 58,854 53,530 (5,324) Pool Utilities , Pool Personnel 32,374 31,029 (1,345) 136, ,269 (1,345) 103,277 96,346 (6,931) 590, ,295 (6,756) PARKS & REC. MAINT/SUPP/UTIL Greenbelt Maintenance 30,323 30,281 (42) 242, ,287 (42) Soccer Field Maintenance 10,790 10,790-87,150 87,150 - Special Projects & Tree Removal - 10,000 10,000 17,168 27,168 10,000 Seasonal Landscape Maintenanc 39,609 20,000 (19,609) 55,553 35,944 (19,609) Landscaping Plantings & Irrigatio 90 8,496 8,406 71,593 80,000 8,406 Invasive Plant Maintenance ,455 39,455 - Creek Stabilization Trail Repairs 1,441 - (1,441) 2, (2,129) Disc Golf , Park Fac. Maintenance ,000 9,782 20,156 30,626 10,470 Greenbelt Utilities 1, (644) 9,110 8,466 (644) Compost Collection 10,665 18,138 7,473 89,132 96,605 7,473 Compost Distribution ,456 1, Office/Community Center 2,998 1,667 (1,331) 4,586 3,254 (1,331) Fence Maintenance - 2,083 2,083 2,880 4,963 2,083 Maintenance & Supplies 8,331 10,000 1,669 63,887 65,556 1,669 Maintenance Personnel 51,693 55,000 3, , ,418 3,307 Vandalism Damages/Repairs Safety Equipment ,930 4, , ,883 20,706 1,127,908 1,148,614 20,706 INFORMATION SERVICES Printing/Publicity/Mailing ,545 10, ,545 10, SECURITY SERVICES Security Lights 2,468 1,733 (735) 22,428 21,693 (735) Security Monitoring ,600 4, Security Supplies Security Patrol 10,502 10,400 (102) 76,848 76,745 (102) 13,565 12,983 (582) 103, ,294 (582) See Accountant's Report 14 of 17

15 WELLS BRANCH MUNICIPAL UTILITY DISTRICT BUDGETARY COMPARISON SCHEDULE - GENERAL FUND May 31, 2018 CURRENT MONTH YEAR TO DATE ACTUAL BUDGET VARIANCE ACTUAL BUDGET VARIANCE MISCELLANEOUS Permits/Member Dues/Lic ,939 19, Facilities Insurance ,362 14,362 - Miscellaneous 542 2,000 1,458 6,362 7,820 1, ,400 1,818 39,663 41,481 1,818 TOTAL OPERATING EXP. 749, , ,949 5,573,576 5,741, ,124 TOTAL OPER. GAIN/LOSS (94,552) (315,835) 221,283 3,630,809 3,403, ,458 CAPITAL OUTLAY Hydrant Replacement ,898 3,898 0 Skate Park 99,442 99, , ,741 (1) Soccer Complex IT ,585 3,585 (0) WB Playscape , ,281 (1) Landscape/Park Projects ,434 41,434 0 Dog Park 2,321 2,321 (0) 2,677 2,677 (0) Soccer Complex 11,900 10,000 (1,900) 22,451 20,552 (1,899) Sampling Stations ,873 7,873 0 Trail Lights 81 - (81) 41,086 41,005 (81) Pool Shade Cover ,280 21,280 - Pump Station ,285 25,285 (0) 113, ,763 (1,981) 476, ,611 (1,981) Total Expendituers 863,207 1,029, ,969 6,050,168 6,216, ,143 Excess Revenues (Exp.) (208,296) (427,598) 219,302 3,154,216 2,928, ,476 See Accountant's Report 15 of 17

16 Wells Branch MUD Payroll Summary June 2018 Howard R Hagemann Janet Maxey Moises G Solis Shelley J Palmer TOTAL Jun 18 Oct '17 - Jun 18 Jun 18 Oct '17 - Jun 18 Jun 18 Oct '17 - Jun 18 Jun 18 Oct '17 - Jun 18 Jun 18 Oct '17 - Jun 18 Employee Wages, Taxes and Adjustments Gross Pay Wages , , , , , , , Total Gross Pay , , , , , , , Adjusted Gross Pay , , , , , , , Taxes Withheld Federal Withholding 0.00 (851.00) (113.00) (90.00) (227.00) (90.00) (1,191.00) Medicare Employee 0.00 (82.66) (8.70) (73.95) 0.00 (58.73) (41.32) (78.30) (50.02) (293.64) Social Security Employee 0.00 (353.40) (37.20) (316.20) 0.00 (251.10) (176.70) (334.80) (213.90) (1,255.50) Total Taxes Withheld 0.00 (1,287.06) (45.90) (390.15) 0.00 (422.83) (308.02) (640.10) (353.92) (2,740.14) Net Pay , , , , , , , Employer Taxes and Contributions Medicare Company Social Security Company , Total Employer Taxes and Contributions , of 17 Page 1 of 1

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