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23 INFORMATION ITEMS

December 31, 2014 For the first quarter of FY 2014-2015, the General Fund has collected 31% of revenues, primarily due to property taxes (42% collected through December).

24 December 31, 2014 For the first quarter of FY , the General Fund has collected 31% of revenues, primarily due to property taxes (42% collected through December). Expenditures for the first quarter are 25% of budget. The Fire Department has spent 32% of budgeted expenditures through December due to making the $107,000 lease payment for an ambulance and brush truck in October. For the first quarter, the Enterprise Fund collected 22% of revenues. Because utility revenues are seasonal in nature, the City has historically collected 22% of utility revenues during the first quarter of the fiscal year. Actual Enterprise Fund expenditures are only 21% of budgeted expenditures through December Expenditures by Classification Budget Actual Percent of Budget Salaries & Benefits $ 4,770,670 $ 1,219,960 26% Supplies & Materials 430,759 74,883 17% Maintenance & Operations 7,134,885 1,624,905 23% Contract Services 1,182, ,609 30% Utilities 601, ,536 20% Capital Expenses 518,124 31,224 6% Debt Service 1,433, ,254 9% Other Department Expense 81,457 25,607 31% Transfers 980,000 98,226 10% Total $ 17,133,082 $ 3,676,204 21% Contract Services is high for the first quarter of the year because it includes the annual payment for Workers Compensation, Property, and Liability Insurance of $144,318. Other Department Expense are primarily Court Costs. The Municipal Court has collected 30% of their budgeted fines and forfeitures revenues and spent 31% of their budgeted municipal fees expenditures. Overall, the Municipal Court has spent 28% of total budgeted expenditures.

25 CITY OF SANGER, TEXAS GENERAL FUND REVENUE & EXPENDITURES December 31, 2014 YTD OVER BUDGET REVENUE - GENERAL FUND ACTUAL BUDGET (UNDER) BUDGET GENERAL FUND REVENUE Taxes 1,080,093 2,810,500 (1,730,407) Property % 1,671,380 BUDGET AND ACTUAL Franchise Fees 150, ,450 (601,407) $3,000,000 All other % 2,910,970 Solid Waste 182, ,000 (522,080) Licenses & Permits 23, ,200 (104,955) $2,500,000 - Fines & Forefeitures 45, ,400 (109,469) Department Revenues 112, ,000 (473,097) $2,000,000 4,582,350 Interest & Miscellaneous 13, ,500 (88,161) - TOTAL REVENUE 1,608,474 5,238,050 (3,629,576) $1,500,000 #REF! Actual Budget ACTUAL % OF BUDGETED REVENUE 31% $1,000,000 $500,000 $- Taxes Franchise Fees Solid Waste Licenses & Permits Fines & Forefeitures Departmental Revenues Interest & Miscellaneous 38% 20% 26% 18% 30% 19% 13% EXPENDITURES - GENERAL FUND YTD ACTUAL BUDGET (OVER) BUDGET UNDER BUDGET Administration 116, , ,068 Police & Animal Control 345,083 1,474,875 1,129,792 Fire & Ambulance 313, , ,559 Municipal Court 61, , ,446 Development Services 63, , ,860 Streets 90, , ,139 Parks & Recreation 111, , ,221 Library 72, , ,707 Solid Waste 163, , ,056 TOTAL EXPENDITURES 1,339,022 5,362,870 4,023,848 REVENUE OVER (UNDER) EXPENDITURES 269,452 (124,820) 394,272 OTHER FINANCING SOURCES (USES) Transfer In 21, ,535 (472,286) Transfer Out - (350,000) 350,000 TOTAL OTHER SOURCES (USES) 21, ,535 (122,286) CHANGE IN FUND BALANCE 290,701 18, ,986 FUND BALANCE - BOY 1,084,287 1,087,145 (2,858) FUND BALANCE - EOY 1,374,988 1,105, ,128 $1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $- Administration EXPECTED % OF BUDGETED REVENUE 25% Police & Animal Control GENERAL FUND EXPENDITURES BUDGET AND ACTUAL Fire & Ambulance Municipal Court Development Services Streets Parks & Recreation Library Actual Budget Solid Waste 27% 23% 32% 28% 25% 17% 19% 28% 26% ACTUAL % OF BUDGETED EXPENDITURES 25% EXPECTED % OF BUDGETED EXPENDITURES 25%

26 CITY OF SANGER, TEXAS ENTERPRISE FUND REVENUE & EXPENDITURES December 31, 2014 REVENUE - ENTERPRISE FUND YTD ACTUAL BUDGET OVER BUDGET (UNDER) BUDGET Water 327,110 1,577,500 (1,250,390) Wastewater 302,507 1,400,000 (1,097,493) Tap Fees 63,750 63,750 Electric 1,802,279 8,230,000 (6,427,721) Penalties & Fees 49, ,000 (165,055) Interest 2,768 10,000 (7,232) Miscellaneous 6,975 36,000 (29,025) TOTAL REVENUE 2,555,334 11,468,500 (8,913,166) $9,000,000 $8,000,000 $7,000,000 $6,000,000 ENTERPRISE FUND REVENUE BUDGET AND ACTUAL ACTUAL BUDGET $5,000,000 ACTUAL % OF BUDGETED REVENUE 22% $4,000,000 $3,000,000 $2,000,000 $1,000,000 $- Water* Wastewater Tap Fees Electric Penalties & Fees Interest Miscellaneous 21% 22% 22% 23% 28% 19% EXPECTED % OF BUDGETED REVENUE 25% EXPENDITURES - ENTERPRISE FUND YTD ACTUAL BUDGET (OVER) BUDGET UNDER BUDGET Administration 272,911 1,031, ,409 Water 251,373 1,278,630 1,027,257 Wastewater 155, , ,863 Electric 1,538,453 6,592,054 5,053,601 Debt Service 20,258 1,224,385 1,204,127 TOTAL EXPENDITURES 2,238,957 10,790,214 8,551,257 $7,000,000 $6,000,000 ENTERPRISE FUND EXPENDITURES BUDGET AND ACTUAL Actual Budget REVENUE OVER (UNDER) EXPENDITURES 316, ,286 (361,909) $5,000,000 OTHER FINANCING SOURCES (USES) Transfer to General Fund (250,000) 250,000 Transfer to 4A (25,000) 25,000 Transfer to WW CIP Reserve (35,000) (120,000) 85,000 Transfers to Storm Recovery Fund (41,975) (150,000) 108,025 Transfer to General Fund - PILOT (21,250) (85,000) 63,750 TOTAL OTHER SOURCES (USES) (98,225) (630,000) 531,775 $4,000,000 $3,000,000 $2,000,000 CHANGE IN FUND BALANCE 218,152 48, ,866 $1,000,000 FUND BALANCE- BOY 6,141,720 5,698, ,478 FUND BALANCE - EOY 6,359,872 5,746, ,344 ACTUAL % OF BUDGETED EXPENDITURES 21% $- Administration Water Wastewater Electric Debt Service 26% 20% 23% 23% 2% EXPECTED % OF BUDGETED EXPENDITURES 25%

27 CITY OF SANGER, TEXAS CASH AND INVESTMENTS December 31, 2014 GENERAL FUND ENTERPRISE FUND DEBT SERVICE FUND CAPITAL PROJECTS FUND TOTAL Unrestricted: Cash for Operations $ 391,214 $ 1,392,346 $ - $ - $ 1,783,560 Contingency Reserves for Operations 1,001,451 1,000,536 2,001,987 Capital Projects: General Capital Projects 366, ,556 Enterprise Capital Projects 2,233,564 3,618,647 5,852,211 Restricted: Debt service 928, ,274 1,826,052 Water Deposits 350, ,884 Equipment Replacement 98,765 98, ,687 Hotel Occupancy Tax 24,648 24,648 Keep Sanger Beautiful (KSB) 5,526 5,526 Library 74,596 74,596 Court Security 7,258 7,258 Court Technology Donations 10, ,484 TOTAL CASH AND INVESTMENTS $ 1,615,309 $ 6,005,643 $ 897,274 $ 3,985,203 $ 12,503,429 Water Deposits 3% Debt service 15% Equipment Replacement 2% Cash for Operations 14% Contingency Reserves for Operations 16% Of the $12.5 million in Total Cash: 50% is dedicated to Capital Projects 15% is dedicated to Debt Service Cash available for operations is $1.8 million or 14% of total cash and investments. Contengency reserves for operations is $2 million or 16% of total cash and investments. General Capital Projects 3% General Fund unrestricted cash and investments is $1.4 million. This amount provides 3.12 months of working capital. Enterprise Capital Projects 47% Enterprise Fund unrestricted cash and investments is $2.4 million. This amount provides 2.66 months of working capital.

28 General Fund December 31, 2014 Name Acct. # Maturity Yield* Prior Period Current Balance Restricted Pooled Cash % $ 116,625 $ 331,073 Employee Benefits Fund % 53,306 47,525 Internal Service Fund ,616 OPERATING ACCOUNTS $ 169,931 $ 391,214 GF Contingency Reserve MM % $ 590,503 $ 590,799 GF Contingency Reserve CD Prosperity /26/ % 205, ,215 GF Contingency Reserve CD /13/ % 205, ,437 CONTINGENCY RESERVE $ 1,000,872 $ 1,001,451 GF Equipment Replacement MM % $ 35,071 $ 36,364 Y GF Equipment Replacement CD /06/ % 62,339 62,401 Y EQUIPMENT REPLACEMENT RESERVES $ 97,410 $ 98,765 Hotel Occupancy Tax $ 22,183 $ 24,648 Y Beautification Board - KSB ,508 5,526 Y Library Restricted for Building Expansion ,553 24,154 Y Library Building Expansion CD /22/ % 50,392 50,442 Y Court Security Restricted Fund ,756 7,258 Y Court Technology Restricted Fund Y Police Donations ,547 3,910 Y Fire Donations ,775 2,775 Y Banner Account for Parks ,536 2,536 Y Library Donations ,150 1,650 Y OTHER $ 119,157 $ 123,879 TOTAL CASH AND INVESTMENTS $ 1,387,370 $ 1,615,309 TOTAL UNRESTRICTED $ 1,170,803 $ 1,392,665

29 Enterprise Fund December 31, 2014 Name Acct. # Maturity Yield Prior Period Current Balance Restricted Pooled Cash % $ 813,099 $ 1,392,346 OPERATING ACCOUNTS $ 813,099 $ 1,392,346 Pooled Cash % $ 51,494 $ 50,884 Y Water Deposit CD /03/ % 300, ,000 Y WATER DEPOSIT REFUND ACCOUNT $ 351,494 $ 350,884 Sewer Capital Improvements MM-10% Rev % $ 86,516 $ 121,566 Y Sewer Capital Reserve MM Tap Fees % 601, ,328 Y Sewer Capital Reserve CD Tap Fees /23/ % 279, ,465 Y SEWER CAPITAL RESERVE - TAP FEES $ 966,966 $ 1,038,359 Water Capital Reserve MM % $ 1,172,111 $ 1,195,205 Y WATER CAPITAL RESERVE - TAP FEES $ 1,172,111 $ 1,195,205 Combined EF Debt Service MM % 828, ,778 Y BOND FUND RESERVES $ 828,333 $ 928,778 EF Contingency Reserve MM % $ 589,157 $ 589,338 EF Contingency Reserve CD /14/ % 307, ,999 EF Reserve CD /25/ % 103, ,199 CONTINGENCY RESERVES $ 1,000,009 $ 1,000,536 EF Storm Recovery MM- 2% Electric Rev % 308, ,856 Y EF Equipment Replacement MM % $ 97,802 $ 98,922 Y One Plus Pooled Cash % Y OTHER $ 407,132 $ 450,391 TOTAL CASH AND INVESTMENTS $ 5,539,144 $ 6,356,499 TOTAL UNRESTRICTED $ 1,813,108 $ 2,392,882

30 Cash and Investments December 31, 2014 DEBT SERVICE FUND Name Acct. # Maturity Yield Prior Period Current Balance Restricted Pooled Cash % $ 103,406 $ 840,565 Y DSF Money Market % 56,680 56,709 Y TOTAL RESTRICTED $ 160,086 $ 897,274 GENERAL CAPITAL PROJECTS FUND Name Acct. # Maturity Yield Prior Period Current Balance Restricted Pooled Cash % $ 419,901 $ 366,556 Y TOTAL RESTRICTED $ 419,901 $ 366,556 ENTERPRISE CAPITAL PROJECTS FUND Name Acct. # Maturity Yield Prior Period Current Balance Restricted Pooled Cash % $ 74,308 $ 1,568,627 Y General CIP Money Market % 3,949,530 2,050,020 Y TOTAL RESTRICTED $ 4,023,838 $ 3,618,647

31 4A FUND Cash and Investments December 31, 2014 Name Acct. # Maturity Yield Prior Period Current Balance Restricted Pooled Cash % $ 52,367 $ 67,079 Y Cash NOW Prosperity % 563, ,830 Y 4A MM Prosperity % 465, ,159 Y Sanger TX Ind Corp CD /02/ % 93,765 93,835 Y TOTAL CASH AND INVESTMENTS $ 1,175,107 $ 1,232,903 4B FUND Cash and Investments December 31, 2014 Balance Name Acct. # Maturity Yield Prior Period Current Balance Restricted Pooled Cash % $ 14,642 $ 44,070 Y Cash MM % 556, ,358 Y 4B CD /03/ % 21,431 21,452 Y 4B CD /12/ % 21,191 21,212 Y 4B CD /05/ % 21,279 21,300 Y 4B CD /09/ % 21,229 21,250 Y 4B CD /14/ % 21,180 21,201 Y 4B CD /11/ % 21,099 21,120 Y 4B CD /14/ % 21,165 21,188 Y 4B CD /17/ % 21,282 21,305 Y 4B CD /18/ % 21,204 21,225 Y 4B CD /13/ % 21,018 21,039 Y 4B CD /19/ % 20,927 20,948 Y 4B CD /09/ % 20,696 20,716 Y 4B CD /09/ % 20,720 20,740 Y TOTAL CASH AND INVESTMENTS $ 845,250 $ 508,124

32 CITY OF SANGER, TEXAS INVESTMENT REPORT December 31, 2014 The Monthly Investment Report is in full compliance with the objectives, restrictions, and strategies as set forth in the City of Sanger's Investment Policy and Texas Government Code , the Public Funds Investment Act (PFIA). The City only invests in Money Market accounts and Certificates of Deposit. Interest is paid monthly on all accounts. Therefore, book value and market value are the same and the City does not have accrued interest on its investments. Ethics Disclosure and Conflicts of Interest In accordance with the PFIA, investment officers are required to file a disclosure statement with the Texas Ethics Commission and the governing body if: a. the officer has a business relationship with a business organization offering to engage in an investment transaction with the City (as defined in (i) (1-3); or b. the officer is related within the second degree by affinity or consanguinity, as determined under Chapter 573 of the Texas Government Code, to an individual seeking to transact investment business with the entity. PFIA (i). Mike Brice has a relationship with First United Bank that consists solely of a personal checking and savings account and a home mortgage. Cheryl Davenport has no business relationships with any organizations offering to engage in an investment transaction with the City. Cheryl Davenport Mike Brice Cheryl Davenport Finance Director Mike Brice City Manager

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

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