C I T Y O F P R O P O S E D A N N U A L B U D G E T F I S C A L Y E A R A U G U S T 4,

Transcription

1 CITY OF PROPOSED ANNUAL BUDGET FISCAL YEAR AUGUST 4, 2017

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3 FY 2018 CITY OF MCKINNEY PROPOSED ANNUAL BUDGET As proposed by City Manager, Paul Grimes August 4, 2017 THIS BUDGET WILL RAISE MORE TOTAL PROPERTY TAXES THAN LAST YEAR'S BUDGET BY $5,622,932 OR 5.66%, AND OF THAT AMOUNT, $4,289,937 IS TAX REVENUE TO BE RAISED FROM NEW PROPERTY ADDED TO THE TAX ROLL THIS YEAR. Page 1

4 TABLE OF CONTENTS BUDGET INTRODUCTION...3 City Manager s Budget Message... 4 City Council Goals and Strategies... 5 City Council Budget Guidelines... 6 Fund Structure... 7 Budget Summary... 8 Combined Budget Summary All Funds Property Tax Valuation and Tax Rates Organizational Chart Budget Process Calendar GENERAL FUND General Fund Description and Summary Statement of General Fund Revenues Statement of General Fund Expenditures Overview of General Fund Revenues Taxes Franchise Fees Licenses and Permits Charges and Fines Other Revenues Overview of General Fund Expenditures General Government Public Safety Development Services Public Works Parks & Recreation and Library Transfers PROPRIETARY FUNDS Enterprise Funds Water and Wastewater Fund Golf Course Fund Airport Fund Surface Water Drainage Utility Fund Solid Waste Fund Internal Service Funds Fleet Services Fund Risk / Insurance Fund OTHER FUNDS Special Revenue Funds Hotel / Motel Fund Law Enforcement Fund Community Housing Fund Community Development Block Grant Fund Library Gift Fund Law Enforcement Donations Fund Fire Department Donations Fund Grants Funds PEG Fee Fund Veterans Memorial Fund Urban Transit District TIRZ 1 Town Center TIRZ 2 Airport Other Governmental Funds Main Street Program Fund Technology Improvement Fund Capital Equipment Replacement Fund Aquatic & Fitness Center Fund MPAC Public Art Fund Disaster Relief Fund DEBT SERVICE FUNDS General Obligation Debt Service Fund Revenue Debt Service Fund Revenue Bond Reserve Fund CAPITAL PROJECTS FUNDS Capital Improvements Program (CIP) Capital Improvements Map CIP Funds Utility Construction Fund Street Construction Fund Library Construction Fund Park Construction Fund Roadway Impact Fee Fund Fire Improvement Fund Facilities Improvement Fund Utility Development Impact Fee Fund Airport Construction Fund Stormwater Construction Fund Parkland/Median Fee Fund Capital Improvements Five-Year Program CIP Overview by Type and Source Capital Improvement Program Summary COMPONENT UNITS Combined Budget Summary Authorized Positions McKinney Convention & Visitors Bureau McKinney Economic Development Corporation MEDC Debt Service Fund MEDC Bond Reserve Fund McKinney Community Development Corp McKinney Housing Finance Corporation APPENDICES Appendix A Authorized Positions Proposed Position Changes Appendix B Supplemental Request List Appendix C Proposed Fee/Rate Change Page 2

5 BUDGET INTRODUCTION An introduction to the Annual Budget presented in a series of narrative documents designed to give the reader relevant information regarding the City s budgeting process and fiscal environment. City Manager s Budget Message City Council Goals and Strategies City Council Budget Guidelines Fund Structure Budget Summary Combined Budget Summary All Funds Property Tax Valuation and Tax Rates Organizational Chart Budget Process Calendar Page 3

6 CITY MANAGER S BUDGET MESSAGE The City of McKinney is committed to providing high quality, cost effective services that reflect the City s core values and the stated goals and priorities of the City Council. Keeping these goals in clear view, the Council and staff are able to position the community in a positive direction to achieve significant accomplishments and effectively provide necessary services for McKinney. Therefore, it is my pleasure to submit for your consideration the City of McKinney Fiscal Year Proposed Budget. As with every year, the budget balances the City s desire for a wide range of quality public services for our fastgrowing community with reasonable taxes and fees to help pay for them. The budget is designed as a management guide, an executive planning document, and a financial report. This budget combines the efforts and input from citizens, City Council, and city staff to develop a positive and progressive approach to continue to plan for the future, set objectives for the coming year, and define the purposes and resources to achieve those objectives. This year, we added several steps earlier in the process to include public input, including our new virtual town hall platform online that enabled input without having to attend public hearings. Over the years, the City of McKinney budget document has evolved into what has become the City s most comprehensive annual document concerning planned programs, operations, and budgetary policies that influence the fiscal state of the City. Due to these factors, the budget is the most important working and planning tool used by the City Council and staff to determine and communicate the desired levels of service, maintenance, and infrastructure determined by the City Council to be necessary for the community. This budget document was prepared by staff to encompass the concurrent development of market-based pay and benefits plans, operations and maintenance (O&M) line-item costs sufficient to provide desired service levels, and a capital and infrastructure maintenance program to achieve Council s stated goals. We look forward to working with the City Council during your review process to ensure that your collective goals are reflected in this budget. Sincerely, Paul Grimes City Manager Page 4

7 CITY COUNCIL GOALS AND STRATEGIES DIRECTION FOR STRATEGIC & ECONOMIC GROWTH Establish regional and infrastructure incentives to increase economic growth Develop a retail development strategy for key areas of the community to further diversify revenue sources and expand entertainment, dining and shopping options Provide a strong city economy by facilitating a balance between industrial, commercial, residential and open space OPERATIONAL EXCELLENCE Establish a timeline for a Municipal Facility / Downtown Parking Implement performance management practices that include developing and training staff and Board and Commission members Balance available resources to accommodate the growth and maintenance needs of the City Identify opportunities for internal efficiencies through recurring analyses and continuous improvement MAXIMIZE THE DEVELOPMENT POTENTIAL OF THE MCKINNEY NATIONAL AIRPORT Implement initiatives and strategies to attract and expand corporate and commercial aviation Identify and implement land use regulations and policies which preserve and expand long-term operational success Improve communication and marketing the value of the McKinney National Airport to the City and region Continually maintain national recognition for excellence in Fixed Base Operations FINANCIALLY SOUND GOVERNMENT Provide funding and organizational frameworks to ensure continual economic improvements Balance resources generated by property taxes, sales taxes and fees Pursue and maintain an AAA Bond Rating with S&P and Moody s Create financial plans for future growth as well as future maintenance ENHANCE THE QUALITY OF LIFE IN MCKINNEY Create affordable and accessible cultural arts activities and quality-of-life resources for all ages throughout the city Maximize public / private partnerships Develop Parks strategy to preserve green space for future park land Continue to market and highlight Downtown McKinney as a unique destination for residents and visitors alike SAFE & SECURE COMMUNITY Maintain performance measures that set McKinney apart from other cities Pursue and maintain the highest Insurance Service Office (ISO) fire protection classification Pursue and maintain low crime rates in comparison to other communities Continually increase operational efficiency in public safety departments Page 5

8 CITY COUNCIL BUDGET GUIDELINES Adopted February 21, 2017 The City of McKinney s annual budget process is an opportunity to continuously assure that McKinney residents receive exceptional services while enjoying top value for their tax dollars. These guidelines are intended to affirm Council goals for FY18: Budgets and departmental work plans will be established to support the Council goals established in January of 2017: 1. Direction for Strategic & Economic Growth 2. Operational Excellence 3. Maximize the Development Potential of the McKinney National Airport 4. Financially Sound Government 5. Enhance the Quality of Life in McKinney 6. Safe and Secure Community Staffing level adjustments will be made in adherence with our overall 10-Year Financial Plan Revenue estimates for all funds will be detailed, conservative, and realistic o Tax revenue methodologies will be adopted based on actual data and projections drawn from data published by Federal Reserve and other credible institutional sources The General Fund expenditure budget will be based on the following: o The City Manager will propose a fully funded and balanced budget o Maintain a conservative tax levy that accounts for growth and service demands of the community o Civilian employee pay structures will be based on a market-based system and allocate resources to reward performance through a merit system o Police and Fire Sworn Personnel pay structures will be based on continuing the current Meet and Confer agreements with appropriate market-based adjustments o Maintain minimum fund balances and reserves as required by the City' s financial policies with a General Fund reserve of not less than 25% of budgeted expenditures The Utility Fund expenditure budget will be broadly based on: o Long-term financial sustainability of the funds o Implementation of rate adjustments as recommended by appropriate rate studies or rate adjustments of providers. An annual update of rate studies will be done to determine the fiscal condition of the funds The proposed budget will seek to sustain the support of the Equipment and Facilities Replacement Fund that is being used to modernize our fleet and upgrade facilities To the extent possible, the City will fund depreciation in all funds to minimize the need to issue debt and to cash fund needed infrastructure improvements Page 6

9 FUND STRUCTURE Accounts are organized on the basis of fund, and each fund is considered to be a separate accounting entity. All funds, both governmental and proprietary, are subject to appropriation. Fund descriptions are detailed on the divider pages preceding each section. GOVERNMENTAL FUNDS PROPRIETARY FUNDS General Fund Special Revenue Funds Community Housing Fund Community Development Block Grant Hotel / Motel Fund Law Enforcement Fund Library Gift Fund Law Enforcement Donations Fund Fire Department Donations Fund PEG Fee Fund Grants Fund Veterans Memorial Fund Urban Transit District Fund Tax Increment Reinvestment Zone 1 - Town Center Tax Increment Reinvestment Zone 2 - Airport Enterprise Funds Water and Wastewater Fund Surface Water Drainage Utility Fund Solid Waste Fund Golf Course Fund Airport Fund Internal Service Funds Fleet Maintenance Fund Risk/Insurance Fund Debt Service Funds Revenue Debt Service Fund Revenue Bond Reserve Fund Other Governmental Funds Main Street Fund Capital Equipment Replacement Fund Technology Improvement Fund Aquatic & Fitness Center Fund Public Art Fund MPAC Fund Disaster Relief Fund Capital Projects Funds Utility Construction Fund Utility Development Impact Fee Fund Airport Construction Fund Debt Service Funds General Obligation Debt Service Fund Capital Projects Funds Street Construction Fund Library Construction Fund Park Construction Fund Roadway Impact Fee Fire Improvement Fund Facilities Improvement Fund Stormwater Construction Fund Parkland/Median Fee Fund Page 7

10 BUDGET SUMMARY BUDGET SUMMARY The proposed budget for fiscal year totals $405.5 million, with $137.2 million budgeted in General Fund, $82.1 million in Water and Wastewater Fund, $8 million in Airport Fund, $8.2 million in Solid Waste Fund, $21.4 million in Risk/Insurance Fund, $41.2 million in Debt Service Funds, and the remainder in other operating and capital project funds. In addition, the Council will also adopt and appropriate Component Unit budgets totaling $25.3 million. The following description is intended to solidify an understanding of the financial structure used to develop this proposed budget. Line items roll into categories, which in turn roll into the departments, which in turn roll into funds. The budget ordinance that will be presented to Council in September will request appropriation of resources at the fund level. These different levels carry different levels of authorization and necessary approval. In the event that a Fund appears that it will exceed the amount that the Council has enacted by ordinance, we will request that you formally adopt a budget-amending ordinance. However, because you do not approve a department-level budget ordinance, if the fund will not be exceeded but an individual department funding level will exceed the level presented in this document, staff will notify the Council, but no formal action will be required. Any budget adjustments below the department level will be managed at a staff level. AD VALOREM TAX SUMMARY The City Council adopted a $.5730 tax rate per $100 of property valuation for the current fiscal year, which was one cent lower than the fiscal year rate. With tax base growth in new construction of $789.6 million and increases in existing property values of 9.05%, the estimated taxable value will grow from approximately $17.1 billion in fiscal year to $19.4 billion in fiscal year The average home value will grow from $299,986 in fiscal year to $324,636 in fiscal year This budget proposes to reduce the current tax by over three cents to $ SUMMARY OF SIGNIFICANT PROPOSED PERSONNEL ACTIONS New Proposed Positions Current economic conditions are allowing for growth in much needed areas, new personnel are required to maintain a high level of service. The proposed budget recommends the addition of 41.5 positions in the General Fund and positions in other funds. These new positions are necessary to maintain and augment our current service levels to the standards expected by the citizens of McKinney. For example, Police requested seventeen new positions for fiscal year This increase in personnel is necessary to meet the growth of the City, which was based on the Police service index model. The Water Fund and the Aquatic & Fitness Center Fund requested significant personnel increases as well. The Water Fund will be improving the City s wastewater collection capacity by continuing to implement the Capacity, Management, Operations, and Maintenance (CMOM) Program. Page 8

11 GENERAL FUND SUMMARY OF SIGNIFICANT CHANGES Significant Changes in General Fund Revenues Funding of the Fiscal Year Proposed General Fund Budget is by means of current revenues and a customary transfer in from other operating funds for general and administrative functions. Revenues in the proposed budget have been projected using existing trends, with these notable changes. Overall, General Fund revenues are estimated at $137.2 million for fiscal year , which represents an approximate 8.0% increase from the fiscal year adopted budget. This is due to a combination of increases in Property Tax, Sales Tax, Building Permits and Interest Income. Property Tax revenues increased in the proposed budget by $3.8 million from the fiscal year adopted budget. The proposed tax rate will be reduced to $ per $100 of taxable value. Sales Tax revenue, which continues to show stable growth, is estimated to be $25.6 million for fiscal year WATER AND WASTEWATER FUND SUMMARY OF SIGNIFICANT CHANGES Summary of Significant Changes in Utility Fund Revenues Funding for the Fiscal Year Proposed Water and Wastewater Fund Budget is by means of current revenues estimated at $82.7 million, as opposed to $82.1 million in non depreciation expenses. This will allow for an increase of approximately $566,639 million into the operating reserve for the fund. In order to pass through some of the increased cost of these services from the North Texas Municipal Water District (NTMWD), an increase of $0.32 per 1,000 gallons is proposed for water service rates, and an increase of $0.36 per 1,000 gallons is proposed for wastewater service rates. EQUIPMENT REPLACEMENT AND FACILITIES MAINTENANCE FUND In the fiscal year budget, the City of McKinney created a new Equipment Replacement and Facilities Maintenance Fund to begin addressing equipment replacement and facility maintenance needs that were deferred during the last economic downturn. Appropriated with funds from several different resources, this fund represents an attempt to cash fund depreciation at some level. It has been successful thus far in providing needed building renovations and HVAC replacements. It is the City s intention to continue to build this fund in the upcoming fiscal year. Page 9

12 COMBINED BUDGET SUMMARY ALL FUNDS FY Estimated Estimated Fund Balance Total Total Net Fund Balance Fund Fund Title 9/30/2017 Revenues Expenditures Inc/(Dec) 9/30/ General Fund $ 50,802,232 $ 137,244,473 $ 137,244,473 $ $ 50,802,232 2 Fleet Maintenance * 5,791 1,080,665 1,079,617 1,048 6,839 3 Water and Wastewater * 32,590,239 82,698,920 82,132, ,639 33,156,878 4 Golf Course * 227, , ,168 (13,018) 214,588 5 Airport * 2,589,985 8,136,576 8,054,596 81,980 2,671,965 6 Surface Water Drainage Utility* 4,093,704 3,740,000 3,220, ,078 4,612,782 7 Solid Waste* 7,212,130 9,332,937 8,219,606 1,113,331 8,325, Hotel/Motel 2,987,737 1,702, , ,000 3,814, Law Enforcement 479, , ,000 (7,950) 471, Community Housing 44, , ,200 4,050 48, Risk/Insurance 10,731,819 22,408,557 21,417, ,685 11,722, Main Street Program , ,860 2,140 2, Community Dev. Block Grant 10, , ,103 (2,967) 7, Library Gift 108, ,000 (49,800) 58, Utility Construction * 6,129,374 32,345,000 32,048, ,646 6,426, Street Construction 4,924,411 40,623,730 41,258,024 (634,294) 4,290, Library Construction 414, , , , Park Construction 943,080 7,745,000 7,475, ,000 1,213, Roadway Impact Fee 5,286,207 5,000, ,000 4,700,000 9,986, Fire Improvement 105,290 70,000 70, , Facilities Improvement 4,594, , ,096 62,904 4,657, Law Enforcement Donations 26,641 16,050 25,000 (8,950) 17, Fire Department Donations 38,947 7,550 14,500 (6,950) 31, Utility Dev. Impact Fees * 8,043,840 3,500,000 1,660,000 1,840,000 9,883, G.O. Debt Service 4,262,370 32,052,815 32,033,769 19,046 4,281, Technology Improvement 7,910,896 1,266,888 1,266,888 7,910, Capital Equipment Replacement 7,340,327 5,820,100 4,286,091 1,534,009 8,874, Grants Fund 179,620 3,323,247 3,306,151 17, , Aquatics & Fitness Center 4,057,034 4,057, PEG Cable Channel Fund 1,071, ,000 98, ,000 1,399, Revenue Debt Service* 4,780,629 9,272,758 9,259,758 13,000 4,793, Revenue Bond Reserve* 6,431, , ,000 7,011, MPAC 330, , ,818 (10,018) 320, Veterans Memorial 14,117 5,050 5, , Public Art 64, , Airport Construction * 767,786 1,386,456 1,386,456 2,154, Stormwater Construction 1,711,237 60, ,000 (340,000) 1,371, Parkland/Median Fee 12,044,270 6,000,000 2,000,000 4,000,000 16,044, Urban Transit District 1 467, ,839 19,511 19, Disaster Relief 516,552 50,000 50, , TIRZ1 Town Center 6,875,387 1,784, ,000 1,645,434 8,520, TIRZ2 Airport 2,667, ,460 25, ,460 3,314,865 Total Primary Government $ 199,358,845 $ 426,155,686 $ 405,594,020 $ 20,561,666 $ 219,920,511 Less Internal Transfers 0 (38,907,055) (38,907,055) 0 0 Net Total Primary Government $ 199,358,845 $ 387,248,631 $ 366,686,965 $ 20,561,666 $ 219,920,511 * Fund Balance is Cash and Investments. FUNDS SUBJECT TO APPROPRIATION All funds, both governmental and proprietary, are subject to appropriation. The City's financial policy requires a 25% reserve on expenditures for the General Fund and 90 days for the Water and Wastewater Fund. The ending fund balances for General Fund and Water and Wastewater Fund for fiscal year are estimated to be $50,802,232 and $33,156,878 respectively. Page 10

13 PROPERTY TAX VALUATION AND TAX RATES Fiscal Assessed Percent of Average M&O Rate I&S Rate Tax Rate Average Year Valuation Increase Home Value Per $100 Per $100 Per $100 Property Tax $ 10,540,361, % $ 211, $ 1, ,696,226, % 209, , ,673,459, % 207, , ,739,495, % 207, , ,000,258, % 207, , ,871,016, % 217, , ,408,259, % 240, , ,200,173, % 270, , ,108,814, % 299, , ,446,888, % 324, ,754 Billion $20 $18 $16 $14 $12 $10 $8 $6 $4 $2 $0 Property Value and Tax Rate $10.5 $10.7 $10.7 $10.7 $11.0 $11.9 $13.4 $15.2 $17.1 $ Assessed Valuation Tax Rate $0.70 $0.60 $0.50 $0.40 $0.30 $0.20 $0.10 $0.00 Tax Rate Maintenance & Operations Rate (M&O) Debt Rate - Interest & Sinking (I&S) M&O Rate I&S Rate Page 11

14 ORGANIZATIONAL CHART Page 12

15 BUDGET PROCESS CALENDAR Planning January & February Adopted Budget September 30 Department s Budget March through May City Council s Budget August & September City Manager s Budget June & July Planning (January & February) January- Council goal setting/strategic planning retreat February- Budget guidelines adopted by Council Department's Budget (March - May) March - Departments submit budgets to Finance April - Public hearing for citizen input on budget April - Budgets reviewed April - Budget meetings with departments May - Revenue and expenditure estimate adjustments City Manager's Budget (June - July) June - Budget submitted to City Manager July - Receive certified tax roll; calculate effective & rollback tax rates City Council's Budget (August - September) July 31 - Tax rate proposed with record vote and schedule public hearings and adoption dates August 4 - Budget work session with Council Aug 15, Sep 5 & 19 - Public hearings; adopt budget, tax rate and fee changes Adopted Budget Concurrent (October 1 - September 30) Oct 1 - Fiscal year begins; implementation of adopted budget Dec 16 - Submit budget to Government Finance Officers Association (GFOA) Jan 31 - Distribute final budget book Page 13

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17 GENERAL FUND The General Fund is the general operating fund of the City. It provides for a broad spectrum of programs and critical services such as police, fire, parks and recreation, public works, and administrative services. The General Fund receives a majority of funding from property and sales taxes. Fund Description and Summary Statement of Revenues & Expenditures Overview of Revenues & Expenditures Page 15

18 GENERAL FUND DESCRIPTION AND SUMMARY FUND SUMMARY The General Fund is used to account for all revenues and expenditures not accounted for in other designated funds. It receives a greater variety and amount of revenues, and finances a wider range of governmental activities than any other fund. The General Fund is primarily supported by property tax, sales & use tax, franchise fees, license and permit fees, recreational charges, and Municipal Court fines. General Fund expenditures support the following major functions of the City: public safety, development services, public works, parks, library, and administration. During the budget process, the General Fund receives significant review from City staff, City Council, and citizens. Since the General Fund supports the largest number of critical issues and services affecting the community, from establishing a tax rate, to determining essential City services and quality of life, it is viewed as the backbone of public service. CONCLUDING FISCAL YEAR FINANCIAL PERFORMANCE Revenues are estimated to total $133.5 million, which is $5.9 million more than revenues received during the fiscal year. The major revenue categories higher than last year are property tax, sales tax, building permits and interest income. Expenditures are estimated to be $133.9 million, which is $6.9 million above the adopted budget. This is due to the reappropriation of previous year s funding and some increases that were formally adopted at mid-year. Fund Balance The difference in revenues and expenditures, combined with a beginning fund balance, and the award of a legal lawsuit contribute to an estimated ending fund balance of $50.8 million, which is $10.8 million more than budgeted. FISCAL YEAR BUDGET Revenues are expected to total $137.2 million, which represents an increase of $10.2 million or 8% over the fiscal year adopted budget. Fiscal year revenue categories are budgeted conservatively, however revenue increases are expected from Property Tax, Sales Tax, and Building Permits. The estimated taxable value for the City of McKinney will increase to $19.4 billion. The total property tax rate for fiscal year will be reduced to $ for every $100 of assessed value a decrease of over three cents from the current tax rate. Expenditures for fiscal year are projected to be $137.2 million, which is an increase of $10.2 million or 8% over fiscal year adopted budget. The increase is primarily due to increased personnel and material costs. Fund Balance After expenditures and transfers to other funds, the budget estimates an ending fund balance of $50.8 million, which is identical to the fiscal year end-of-year estimate. This maintains a fund balance reserve of 37%, which exceeds the 25% reserve requirement governed by the City s financial policies. Page 16

19 STATEMENT OF GENERAL FUND Original End-of-Year Proposed % of Chg Actual Actual Budget Estimate Budget Orig 17/ FY FY FY FY FY Bud 18 BEGINNING FUND BALANCE $ 33,381,611 $ 39,463,563 $ 39,983,221 $ 51,183,337 $ 50,802, % Taxes Property Taxes 57,078,521 63,437,519 70,122,655 70,244,914 73,981, % Sales & Use Taxes 20,417,985 22,172,572 21,885,000 24,410,000 25,675, % Total Taxes 77,496,506 85,610,091 92,007,655 94,654,914 99,656, % Franchise Fees 13,767,129 14,162,262 14,292,000 14,615,000 14,867, % Licenses & Permits Business Licenses and Permits 1,249,998 1,311,746 1,103,500 1,242,800 1,247, % Building Permits 6,304,299 7,203,643 5,200,000 8,600,000 6,800, % Engineering Inspections 2,272,939 2,225,306 1,700,000 1,700,000 1,700, % Police/Fire Alarm Permits 710, , , , , % Total Licenses & Permits 10,537,838 11,484,965 8,693,500 12,252,800 10,477, % Charges and Fines General Government 959,691 1,448,782 1,445,300 1,466,300 1,456, % Public Safety 2,524,099 3,220,186 2,610,800 2,510,000 2,506, % Recreation 773, , , , , % Fines 1,922,241 1,914,593 2,146,700 1,893,500 1,880, % Total Charges and Fines 6,179,275 7,305,688 6,982,800 6,568,900 6,535, % Other Revenues Intergovernmental 637, , , , , % Interest Income 198, , , , , % Contributions & Donations 16,889 27,021 53,000 33,000 25, % Sale of Property & Miscellaneous 524,075 4,509, ,000 1,041, , % Total Other Revenues 1,376,533 5,744,622 2,293,097 2,753,415 2,875, % Total Revenues 109,357, ,307, ,269, ,845, ,412, % Transfers 3,248,219 3,349,443 2,751,968 2,751,968 2,831, % Total Revenues and Transfers $ 112,605,500 $ 127,657,071 $ 127,021,020 $ 133,596,997 $ 137,244, % Page 17

20 STATEMENT OF GENERAL FUND EXPENDITURES Original End-of-Year Proposed % of Chg Actual Actual Budget Estimate Budget Orig 17/ FY FY FY FY FY Bud 18 General Government City Council $ 99,106 $ 64,199 $ 98,329 $ 98,329 $ 113, % City Manager 1,397,010 1,492,005 1,597,067 1,580,147 1,578, % Organizational Dev & Perf Mgmt * , ,419 - Budget , , , % Human Resources 1,333,747 1,425,060 1,743,679 1,750,277 1,852, % City Secretary 488, , , , , % Municipal Court 1,082,145 1,613,396 1,601,487 1,620,564 1,669, % Communications & Marketing 1,153,945 1,091,976 1,318,797 1,316,657 1,360, % Housing & Community Development 263, , , , , % Community Events - 63, , , , % Financial Services 2,448,793 2,583,533 2,425,907 2,545,806 3,126, % Purchasing 648, , , , , % Information Technology 6,261,260 7,101,530 8,133,151 8,255,397 9,166, % Legal 1,792,021 2,079,735 2,147,640 2,156,555 2,307, % Non-Departmental 2,962,793 2,172,069 1,873,618 6,307,031 2,770, % Total General Government 19,931,483 21,109,500 23,442,793 28,051,203 26,776, % Public Safety Police 25,386,104 27,101,180 31,138,083 30,743,764 34,237, % Fire 22,470,365 23,995,570 27,643,279 27,374,239 28,311, % Total Public Safety 47,856,469 51,096,749 58,781,362 58,118,003 62,548, % Development Services Development Services 619, , , , , % Planning 1,604,369 1,845,040 1,746,719 2,005,035 1,670, % Engineering 2,769,499 2,825,763 3,349,525 3,482,887 3,789, % Building Inspections 2,250,567 2,454,207 2,587,677 2,554,789 2,904, % Code Compliance 1,760,140 1,673,071 2,070,842 2,060,763 2,253, % Total Development Services 9,003,983 9,392,253 10,519,137 10,854,013 11,431, % Public Works Public Works Administration 566, , , , , % Fleet Services ** 687, , Facility Maintenance 1,956,785 2,110,093 2,157,879 2,309,699 2,573, % Street & Traffic Control 8,212,955 8,013,569 8,873,069 9,050,212 9,224, % Total Public Works 11,423,547 10,786,792 11,634,436 11,965,484 12,244, % Parks and Library Parks & Recreation 7,240,470 8,180,085 8,890,380 9,126,377 9,943, % Library 3,237,741 3,353,162 3,415,715 3,468,796 3,549, % Total Parks and Library 10,478,211 11,533,247 12,306,095 12,595,173 13,492, % Transfers 7,710,570 12,020,886 10,337,198 12,394,226 10,750, % Total ENDING Expenditures FUND BALANCE & Transfers $ 106,404,263 $ 115,939,428 $ 127,021,020 $ 133,978,102 $ 137,244, % Net Increase/(Decrease) 6,201,237 11,717,643 - (381,105) - Adjustment (119,285) 2, ENDING FUND BALANCE $ 39,463,563 $ 51,183,337 $ 39,983,221 $ 50,802,232 $ 50,802, % * New department created in FY ** Fleet Services moved from General Fund to Fleet Maintenance Fund in FY Page 18

21 OVERVIEW OF GENERAL FUND Transfers $2,751,968 2% Others $2,753,415 2% Charges & Fines $6,568,900 5% Licenses & Permits $12,252,800 9% FY EOY ESTIMATE Property Taxes $70,244,914 53% Franchise $14,615,000 11% Sales Taxes $24,410,000 18% Transfers $2,831,630 2% Others $2,875,739 2% Charges & Fines $6,535,900 5% Licenses & Permits $10,477,600 7% FY BUDGET Franchise $14,867,000 11% Property Taxes $73,981,604 54% Sales Taxes $25,675,000 19% TAXES Total tax revenues for fiscal year increased by $7.6 million or 8.3% over the fiscal year adopted budget. Revenues from taxes include Property Tax and Sales & Use Tax. Property Tax is assessed on real and personal property, established by ordinance, and supplies 54% or $73,981,604 of fiscal year General Fund revenues. Property Tax revenues for fiscal year are projected to increase by 5.5% over the fiscal year adopted budget based on the appraisal district s certified tax roll. Sales & Use Tax consists of Sales and Mixed Beverage Taxes. Taxes are collected by the state from the sale of goods and services. The General Fund receives 1% of taxable sales within the City. Sales and Use Taxes represent 19% or $25,675,000 of the fiscal year General Fund revenues. Sales & Use Tax revenues for fiscal year are projected to increase by 17.3% over the fiscal year adopted budget. FRANCHISE FEES Total franchise fees for fiscal year increased by $575,000 or 4% over the fiscal year adopted budget. Franchise Fees are collected from utility companies for right-of-way usage. The top three (non-city) franchise payments are expected from: o Oncor Electric $3.1 million o CoServ Electric $2.9 million o AT&T Video Service Cabling $1.2 million Page 19

22 LICENSES AND PERMITS Total Licenses and Permits for fiscal year increased by $1.7 million or 20.5% over the fiscal year adopted budget. These revenues are being budgeted conservatively for fiscal year Building Permits increased from the fiscal year adopted budget. Other fees included in Licenses and Permits are inspection of engineering, electrical, plumbing, and mechanical installations. CHARGES AND FINES Total Charges for Services and Fines for fiscal year decreased by $446,900 or 6.4% compared to the fiscal year adopted budget. Service Charges include fees charged by the City for the public use of services or facilities. Fees include ambulance services, zoning and platting fees, and park and recreation fees. Fines are from Municipal Court for Class C misdemeanor violations and library fines. OTHER Total Other Revenues for fiscal year increased $582,642 million or 25.4% compared to the fiscal year adopted budget. The primary reason for the increase is due to the increase in interest income. Page 20

23 OVERVIEW OF GENERAL FUND EXPENDITURES Transfers $12,394,226 9% Parks & Library $12,595,173 9% Public Works $11,965,484 9% Development $10,854,013 8% FY EOY ESTIMATE General Govt $28,051,203 21% Fire $27,374,239 21% Police $30,743,764 23% Transfers $10,750,118 8% Parks & Library $13,492,318 10% Public Works $12,244,761 9% Development $11,431,717 8% FY BUDGET General Govt $26,776,897 19% Fire $28,311,646 21% Police $34,237,016 25% GENERAL GOVERNMENT An overall increase of $3.3 million or 14.2% compared to the fiscal year adopted budget. Major budget items include: HUMAN RESOURCES Tuition Assistance Program $130,000 FINANCIAL SERVICES Appraisal District $725,000 LEGAL In-House Legal Fees $2,150,000 INFORMATION TECHNOLOGY Software/Hardware Maintenance $2,697,424 NON-DEPARTMENTAL Economic Incentive Payments $1,318,740 COMMUNICATIONS AND MARKETING Advertising/Legal Notices $77,000 PUBLIC SAFETY An overall increase of $3.7 million or 6.4% compared to the fiscal year adopted budget. Major budget items include: POLICE Radio Maintenance Agreement $391,838 Fuel $493,525 STEP Increase/Plan Adjustment $607,407 Education/Certification Pay $323,040 Additional Staffing $1,722,624 FIRE STEP Increase/Plan Adjustment $538,356 Fuel $146,770 Patient Care Supplies $154,600 Education/Paramedic Pay $662,538 Additional Staffing $694,345 Page 21

24 DEVELOPMENT SERVICES An overall increase of $912,580 or 8.7% compared to the fiscal year adopted budget. Major budget items include: ENGINEERING Professional Services / Consulting $206,816 CODE COMPLIANCE Animal Control Contract $268,428 Mosquito Control $35,000 CODE ENFORCEMENT Additional Staffing $115,304 BUILDING INSPECTIONS Additional Staffing $259,463 ENGINEERING Additional Staffing $186,624 PUBLIC WORKS An overall decrease of $610,325 or 5.2% compared to the fiscal year adopted budget. Major budget items include: FACILITIES MAINTENANCE Janitorial Contract $400,000 Maintenance-Buildings & Structures $195,000 STREETS Contracted Street Repairs $1,468,400 Streets & Alleys $907,000 TRAFFIC CONTROL Crossing Guards $361,983 Signal & Markers $134,950 Crosswalks $159,500 PARKS & RECREATION AND LIBRARY An overall increase of $1.1 million or 9.6% compared to the fiscal year adopted budget. Major budget items include: PROS Contract Mowing $515,000 Water/ Irrigation $425,000 HOA Maintenance Reimbursement $187,405 LIBRARY Catalogs & Books $427,000 Publications $65,234 TRANSFERS Risk/Insurance Fund (Employee Medical & Liability Insurance) $1,446,830 Operating Transfer to Airport Operations $413,000 Transfer to Street Construction $3,000,000 Transfer to Urban Transit District Fund $56,192 OPEB $1,000,000 Page 22

25 PROPRIETARY FUNDS Enterprise Funds Enterprise Funds are used to account for the financing of goods or services provided by the City to customers. 3-Water and Wastewater Fund 4-Golf Course Fund 5-Airport Fund 6-Surface Water Drainage Utility Fund 7-Solid Waste Fund Internal Service Funds Internal Service Funds are used to account for activities that provide goods or services to other funds or departments on a costreimbursement basis. 2-Fleet Services Fund 15-Insurance/Risk Fund Page 23

26 ENTERPRISE FUNDS 3-WATER AND WASTEWATER FUND INCOME STATEMENT FY FY FY FY FY Water Charges $ 37,404,542 $ 45,212,814 $ 44,412,000 $ 47,080,500 $ 51,684,000 Sewer Charges 20,957,332 24,715,855 27,126,500 27,140,000 29,835,000 Miscellaneous Charges 12,693,754 24,247, ,600 1,681, ,920 Interest Income 161, , , , ,000 Total Revenues $ 71,216,874 $ 94,469,499 $ 72,349,100 $ 76,227,100 $ 82,698,920 EXPENSES Personnel $ 6,201,877 $ 6,407,593 $ 7,774,474 $ 7,309,515 $ 8,313,579 Supplies 616, , , , ,425 Maintenance 3,810,436 4,099,193 1,840,273 2,188,372 2,306,569 Services/Sundry 58,840,571 75,470,754 58,304,460 64,372,144 70,008,523 Capital 245,717 1,550,221 1,027,280 1,328, ,185 Total Expenses $ 69,715,260 $ 88,238,665 $ 69,681,226 $ 75,934,766 $ 82,132,281 NET INCOME 1,501,614 6,230,835 2,667, , ,639 BEGINNING CASH & INVESTMENTS 26,646,463 24,001,162 24,485,649 32,297,905 32,590,239 Restricted Cash & Investments (Deposits) (2,639,323) (3,246,100) Cash Adjustments (Depreciation/Accts Rec) (1,507,591) 5,312, ENDING CASH & INVESTMENTS $ 24,001,162 $ 32,297,905 $ 27,153,523 $ 32,590,239 $ 33,156,878 Days in Reserve (Minimum of 90 Days) FUND SUMMARY Responsible for maintaining 872 miles of water distribution mains, 8,404 fire hydrants, 650 miles of sewer collection lines, and related pumping and storage facilities. Typical duties include responding to customer service requests, cleaning and repairing sewer lines, repairing water lines, valves and fire hydrants, water & wastewater capital improvements, meter reading, and related services. The ending cash and investment balance is estimated at $33,156,878 reaching a level of approximately 149 days operating expenses. Policy requires a minimum of 90 days. 4-GOLF COURSE FUND INCOME STATEMENT FY FY FY FY FY Charges for Services $ 6,110 $ 6,809 $ 7,000 $ 7,000 $ 7,000 Other Income 85,995 92, ,200 98,150 98,150 Total Revenues $ 92,105 $ 99,571 $ 117,200 $ 105,150 $ 105,150 EXPENSES Personnel $ - $ - $ - $ - $ - Supplies Maintenance 15, Services/Sundry 188, ,383 78,300 78,300 79,168 Capital ,000 Total Expenses $ 203,664 $ 187,383 $ 78,300 $ 78,300 $ 118,168 NET INCOME (111,559) (87,812) 38,900 26,850 (13,018) BEGINNING CASH & INVESTMENTS 130, , , , ,606 Cash Adjustments * 130, , ENDING CASH & INVESTMENTS $ 149, $ 200,756 $ 256,526 $ 227,606 $ 214,588 * Depreciation and principal amount paid to Solid Waste for Golf Course Loan Management and Maintenance are performed by contract services with DWW Golf Management since October 1, Page 24

27 5-AIRPORT FUND INCOME STATEMENT FY FY FY FY FY Charges for Services $ 1,882,185 $ 2,088,986 $ 2,099,000 $ 2,099,000 $ 2,378,076 Airport FBO Fees 3,902,239 4,321,674 4,486,860 4,486,860 5,269,000 Interest Income 1,830 6,508 3,100 15,000 20,000 Intergovernmental 67,332 54,753 50,000 50,000 50,000 Other Income 1, ,398 6,500 6,500 6,500 Transfers from Other Funds 613, , , , ,000 Total Revenues $ 6,468,241 $ 7,189,832 $ 7,258,973 $ 7,270,873 $ 8,136,576 EXPENSES Personnel $ 1,622,166 $ 1,775,251 $ 1,884,036 $ 1,886,979 $ 1,984,778 Supplies 103, , , , ,650 Maintenance 249, , , , ,115 Services/Sundry 6,783,278 6,829,107 3,455,303 3,503,968 4,100,322 Capital 42, ,486 70, ,893 91,000 Transfers to Other Funds 551,354 1,370,966 1,469,017 6,469,717 1,468,731 Total Expenses $ 9,352,428 $ 10,676,359 $ 7,258,753 $ 12,682,926 $ 8,054,596 NET INCOME (2,884,187) (3,486,527) 220 (5,412,053) 81,980 BEGINNING CASH & INVESTMENTS 1,180,396 2,435,209 1,717,559 3,002,038 2,589,985 Cash Adjustments * 4,139,000 4,053, Proceeds for Loan from Solid Waste Fund (17EOY) * 5,000,000 ENDING CASH & INVESTMENTS $ 2,435,209 $ 3,002,038 $ 1,717,780 $ 2,589,985 $ 2,671,965 * Depreciation, accounts receivable and proceeds for Loan from Solid Waste Fund FUND SUMMARY The Airport Fund facilitates general and business aviation and related services. McKinney National Airport (TKI), formerly known as Collin County Regional Airport (TKI), is a busy General Aviation Reliever airport recognized as among the top 84 out of 5,000 airports in the nation. It supports private transportation as a viable alternative to commercial air transportation. The airport is a regional economic engine. It supports business, air charter, flight training, aero-medical, law enforcement and recreational aircraft. The airport s Fixed Base Operator (FBO), McKinney Air Center, offers a wide variety of services including 24-hour aircraft fueling, flight crew amenities, line services and hangar leases. Total traffic for fiscal year 2016 was more than 118,982 operations and fuel sales topped more than 1.3 million gallons. Page 25

28 6 SURFACE WATER DRAINAGE UTILITY FUND INCOME STATEMENT FY FY FY FY FY Interest Income $ 2,727 $ 13,318 $ 7,000 $ 30,000 $ 32,000 Other Income 10,086 3,521,932 3,600,000 3,708,000 Surface Water Drainage Fees 2,704,703 48,724 3,400,000 Total Revenues $ 2,717,516 $ 3,583,975 $ 3,407,000 $ 3,630,000 $ 3,740,000 EXPENSES Personnel $ 1,102,147 $ 1,184,471 $ 1,367,575 $ 1,369,009 $ 1,441,546 Supplies 40,153 35,874 38,645 44,355 44,665 Maintenance 123, , , , ,163 Services/Sundry 633, ,343 1,011,092 1,342,592 1,027,412 Capital Transfers to Other Funds 225, , , , ,136 Total Expenses $ 2,124,624 $ 2,367,748 $ 3,046,333 $ 3,375,953 $ 3,220,922 NET INCOME 592,892 1,216, , , ,078 BEGINNING CASH & INVESTMENTS 2,023,733 2,439,669 3,340,843 3,839,657 4,093,704 Cash Adjustments (Depreciation/Accts Rec) (176,956) 183,761 ENDING CASH & INVESTMENTS $ 2,439,669 $ 3,839,657 $ 3,701,510 $ 4,093,704 $ 4,612,782 FUND SUMMARY The Surface Water Drainage Utility Fund collects a fee from property owners based on the amount of impervious area on the property. Funds are used for drainage planning, maintenance, improvements, storm water runoff quality and implementation of the mandated Phase II storm water program. The City s drainage system includes creeks, channels, subsurface pipes, inlets and other drainage structures. In total, the Street Department maintains over 458 miles of storm sewer pipe, 1,742 headwalls and 16,847 inlets. 7 SOLID WASTE FUND INCOME STATEMENT FY FY FY FY FY Charges for Services $ 7,532,367 $ 8,136,714 $ 7,635,000 $ 8,050,500 $ 8,265,500 Interest Income 68, ,565 54,000 84,000 80,000 Other Income 158, , , , ,437 Total Revenues $ 7,758,558 $ 8,391,179 $ 8,653,730 $ 9,099,589 $ 9,332,937 EXPENSES Personnel $ 929,694 $ 988,882 $ 1,115,044 $ 1,066,131 $ 1,246,830 Supplies 37,718 32,774 61,140 43,280 55,147 Maintenance 20,206 28,503 48,569 42,069 50,087 Services/Sundry 5,865,067 5,819,793 6,754,022 6,374,022 6,414,197 Capital 156, ,100 23,950 Transfers to Other Funds 429, , , , ,395 Total Expenses $ 7,282,247 $ 7,330,844 $ 8,481,920 $ 8,028,647 $ 8,219,606 NET INCOME 476,311 1,060, ,810 1,070,942 1,113,331 BEGINNING CASH & INVESTMENTS 7,196,811 9,306,687 9,917,031 11,141,188 7,212,130 Cash Adjustments * 1,633, ,167 Loan from Solid Waste to Airport Fund (17EOY) (5,000,000) ENDING CASH & INVESTMENTS $ 9,306,687 $ 11,141,188 $ 10,088,841 $ 7,212,130 $ 8,325,461 * Depreciation/Accts Rec and principal received from Golf Course and MEDC loans FUND SUMMARY Environmental Services offers a comprehensive municipal solid waste collection, recycling and disposal program using a fully automated residential and commercial collection system. Services include curbside collection of solid waste, co mingled recyclables, yard waste and household hazardous waste on a convenient one day total service plan; vegetation maintenance, litter/illegal dumping abatement in the public right of way; and environmental education and community outreach training seminars and other opportunities to include coordinating annual neighborhood cleanup events and other programs. Page 26

29 INTERNAL SERVICE FUNDS 2-FLEET SERVICES FUND INCOME STATEMENT FY FY FY FY FY Charges for Services $ - $ 835,403 $ 989,114 $ 989,114 $ 1,080,265 Interest Income Other Income - 146, Total Revenues $ - $ 982,799 $ 989,614 $ 989,514 $ 1,080,665 EXPENSES Personnel $ - $ 838,522 $ 793,017 $ 826,535 $ 966,241 Supplies - 33,077 24,150 25,500 28,175 Maintenance - (1,053) 11,500 12,000 13,000 Services/Sundry - 83,954 55,560 53,260 61,860 Capital ,000 10,000 6,500 Transfers to Other Funds ,841 61,841 3,841 Total Expenses $ - $ 954,499 $ 956,068 $ 989,136 $ 1,079,617 NET INCOME - 28,300 33, ,048 BEGINNING CASH & INVESTMENTS - - 3,341 5,413 5,791 Cash Adjustments (Depreciation) - (22,887) ENDING CASH & INVESTMENTS $ - $ 5,413 $ 36,886 $ 5,791 $ 6, RISK / INSURANCE FUND INCOME STATEMENT FY FY FY FY FY Employer Contributions $ 13,598,406 $ 14,075,179 $ 15,675,461 $ 16,125,461 $ 17,691,854 Employee Contributions 2,575,480 2,408,028 2,554,000 2,690,000 3,530,608 Retiree / COBRA Contributions 251, , , , ,401 Stop Loss Revenue 243, , , , ,008 Interest Income 10,372 42,908 29,000 95,000 95,000 Other Income 372, , , , ,686 Total Revenues $ 17,051,322 $ 17,941,406 $ 18,983,461 $ 19,901,961 $ 22,408,557 EXPENSES Personnel $ 96,059 $ 159,832 $ 242,656 $ 238,126 $ 333,919 Supplies 39,716 16,351 10,380 10,380 17,306 Maintenance Services/Sundry 14,556,282 16,685,808 17,459,392 18,059,392 21,066,166 Capital 58, , Transfers to Other Funds - 221, Total Expenses $ 14,750,557 $ 17,305,757 $ 17,712,428 $ 18,307,898 $ 21,417,872 NET INCOME 2,300, ,649 1,271,033 1,594, ,685 BEGINNING CASH & INVESTMENTS 6,201,346 8,502,107 9,527,528 9,137,756 10,731,819 Audit Adjustment (4) ENDING CASH & INVESTMENTS BALANCE $ 8,502,107 $ 9,137,756 $ 10,798,561 $ 10,731,819 $ 11,722,504 Page 27

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31 OTHER FUNDS Special Revenue Funds Special Revenue Funds are used to account for revenues derived from specific taxes, fees, donations, intergovernmental grants and transfers from other funds, which are designated to finance particular functions or activities for the City. The budgeted Special Revenue Funds include: 10 Hotel / Motel Fund 11 Law Enforcement Fund 14 Community Housing Fund 17 Community Development Block Grant Fund 18 Library Gift Fund 27 Law Enforcement Donations Fund 28 Fire Department Donations Fund 33 Grants Fund 36 PEG Fee Fund 55 Veterans Memorial Fund 73 Urban Transit District 76 Tax Increment Reinvestment Zone 1 Town Center 77 Tax Increment Reinvestment Zone 2 Airport Other Governmental Funds 16 Main Street Program Fund 31 Technology Improvement Fund 32 Capital Equipment Replacement Fund 34 Aquatic & Fitness Center Fund 54 MPAC/Main Street Fund 58 Public Art Fund 75 Disaster Relief Fund Page 29

32 SPECIAL REVENUE FUNDS 10-HOTEL / MOTEL FUND STATEMENT OF AND EXPENDITURES FY FY FY FY FY Hotel/Motel Tax $ 1,040,721 $ 1,554,794 $ 1,200,000 $ 1,600,000 $ 1,700,000 Interest and Other Income 61,354 5,525 1,700 1,900 2,000 Total Revenues $ 1,102,075 $ 1,560,319 $ 1,201,700 $ 1,601,900 $ 1,702,000 EXPENDITURES Services/Sundry $ 78,858 $ 21,115 $ 18,000 $ 38,000 $ 28,000 Transfers to Other Funds 490, , , , ,000 Total Expenditures $ 568,858 $ 662,385 $ 805,000 $ 825,000 $ 875,000 NET INCOME 533, , , , ,000 BEGINNING FUND BALANCE 779,686 1,312,903 1,846,333 2,210,837 2,987,737 ENDING FUND BALANCE $ 1,312,903 $ 2,210,837 $ 2,243,033 $ 2,987,737 $ 3,814, LAW ENFORCEMENT FUND STATEMENT OF AND EXPENDITURES FY FY FY FY FY Interest Income $ 50 $ 28 $ 50 $ 50 $ 50 Other Income 108, , , , ,000 Sale of City Property 4, Transfers from Other Funds Total Revenues $ 113,491 $ 148,170 $ 325,050 $ 325,050 $ 325,050 EXPENDITURES Supplies $ 11,929 $ 87,538 $ 185,000 $ 261,387 $ 190,000 Maintenance ,000 19,807 - Services/Sundry 28,945 14,828 20,000 20,000 23,000 Capital 380,947 40,201 30,000 30, ,000 Transfers to Other Funds Total Expenditures $ 421,821 $ 142,759 $ 245,000 $ 331,194 $ 333,000 NET INCOME (308,330) 5,411 80,050 (6,144) (7,950) BEGINNING FUND BALANCE 788, , , , ,051 ENDING FUND BALANCE $ 479,784 $ 485,195 $ 652,384 $ 479,051 $ 471, COMMUNITY HOUSING FUND STATEMENT OF AND EXPENDITURES FY FY FY FY FY Intergovernmental $ 103,563 $ 20,569 $ 381,400 $ 381,400 $ 519,200 Interest Income Other Income 19,399 22,304 5,000 5,000 9,000 Transfers from Other Funds Total Revenues $ 123,058 $ 42,988 $ 386,400 $ 386,450 $ 528,250 EXPENDITURES Personnel $ - $ - $ - $ - $ - Supplies Maintenance Services/Sundry 142,571 32, , , ,200 Capital Transfers to Other Funds Total Expenditures $ 142,771 $ 32,919 $ 386,400 $ 418,520 $ 524,200 NET INCOME (19,714) 10,069 - (32,070) 4,050 BEGINNING FUND BALANCE 86,610 66,897 34,977 76,966 44,896 ENDING FUND BALANCE $ 66,897 $ 76,966 $ 34,977 $ 44,896 $ 48,946 Page 30

33 17-COMMUNITY DEVELOPMENT BLOCK GRANT FUND STATEMENT OF AND EXPENDITURES FY FY FY FY FY Federal Grants $ 679,953 $ 679,075 $ 966,415 $ 966,415 $ 974,136 Total Revenues $ 679,953 $ 679,075 $ 966,415 $ 966,415 $ 974,136 EXPENSES Personnel $ 293,715 $ 302,100 $ 288,469 $ 286,492 $ 286,016 Supplies 1,249 1,041 1,600 1,600 1,700 Maintenance 250 1,882 2,500 2, Services/Sundry 376, , , , ,637 Capital Transfers to Other Funds Total Expenditures $ 671,728 $ 679,075 $ 966,415 $ 964,438 $ 977,103 NET INCOME 8, ,977 (2,967) BEGINNING FUND BALANCE 168 8,393 9,932 8,393 10,370 ENDING FUND BALANCE $ 8,393 $ 8,393 $ 9,932 $ 10,370 $ 7, LIBRARY GIFT FUND STATEMENT OF AND EXPENDITURES FY FY FY FY FY Contributions/Donations $ 31,990 $ 34 $ - $ - $ - Interest Income Other Income 3, Total Revenues $ 35,833 $ 268 $ 250 $ 200 $ 200 EXPENDITURES Supplies $ 39,261 $ 22,714 $ - $ 3,846 $ - Maintenance 8, Services/Sundry - 2, Capital 12,700-25,000 91,154 50,000 Transfers to Other Funds Total Expenditures $ 59,961 $ 25,675 $ 25,000 $ 95,000 $ 50,000 NET INCOME (24,128) (25,407) (24,750) (94,800) (49,800) BEGINNING FUND BALANCE 252, , , , ,294 ENDING FUND BALANCE $ 228,501 $ 203,094 $ 179,001 $ 108,294 $ 58, LAW ENFORCEMENT DONATIONS FUND STATEMENT OF AND EXPENDITURES FY FY FY FY FY Contributions/Donations $ 15,181 $ 12,382 $ 16,000 $ 21,000 $ 16,000 Interest Income Total Revenues $ 15,277 $ 12,472 $ 16,100 $ 21,050 $ 16,050 EXPENDITURES Supplies $ 2,044 $ 12,877 $ 52,000 $ 52,000 $ 20,000 Services/Sundry 955 1,375 8,000 8,000 5,000 Capital ,000 15,000 - Total Expenditures $ 2,999 $ 14,252 $ 75,000 $ 75,000 $ 25,000 NET INCOME 12,278 (1,780) (58,900) (53,950) (8,950) BEGINNING FUND BALANCE 70,093 82,371 83,471 80,591 26,641 ENDING FUND BALANCE $ 82,371 $ 80,591 $ 24,571 $ 26,641 $ 17,691 Page 31

34 28-FIRE DEPARTMENT DONATIONS FUND STATEMENT OF AND EXPENDITURES FY FY FY FY FY Contributions/Donations $ 14,126 $ 8,897 $ 7,500 $ 11,500 $ 7,500 Interest Income Total Revenues $ 14,177 $ 8,951 $ 7,550 $ 11,550 $ 7,550 EXPENDITURES Supplies $ 11,781 $ 2,017 $ 14,500 $ 22,200 $ 13,000 Services/Sundry ,500 Capital Total Expenditures $ 11,781 $ 2,017 $ 14,500 $ 22,500 $ 14,500 NET INCOME 2,396 6,934 (6,950) (10,950) (6,950) BEGINNING FUND BALANCE 40,567 42,963 36,013 49,897 38,947 ENDING FUND BALANCE $ 42,963 $ 49,897 $ 29,063 $ 38,947 $ 31, GRANTS FUNDS STATEMENT OF AND EXPENDITURES FY FY FY FY FY Federal Grants $ 180,987 $ 117,693 $ 488,286 $ 38,286 $ 3,063,129 Stimulus / Federal Grants Stimulus / Federal Capital Grants State Grants 74,231 6,578 3, , ,022 Local / Miscellaneous Grants 9,835 1, Transfers from Other Funds ,096 Total Revenues $ 265,053 $ 125,271 $ 491,786 $ 385,620 $ 3,323,247 EXPENDITURES General Government $ - $ - $ - $ - $ - Development 166,667 17, ,556 36,222 Police 35,134 13,111 43, , ,534 Fire 130, , ,000-2,841,629 Library 11,542 1,000 3,500 3,500 6,766 Total Expenditures $ 344,131 $ 137,858 $ 497,341 $ 463,398 $ 3,306,151 NET INCOME (79,078) (12,587) (5,555) (77,778) 17,096 BEGINNING FUND BALANCE 349, , , , ,620 ENDING FUND BALANCE $ 269,985 $ 257,398 $ 236,652 $ 179,620 $ 196, PEG FEE FUND STATEMENT OF AND EXPENDITURES FY FY FY FY FY Cable Video PEG Fee $ 434,494 $ 417,981 $ 350,000 $ 410,000 $ 425,000 Interest Income 136 1,774 1,800 1,000 1,000 Transfers from General Fund 1,058, Total Revenues $ 1,493,395 $ 419,755 $ 351,800 $ 411,000 $ 426,000 EXPENDITURES Supplies $ - $ 10,824 $ 11,250 $ 23,459 $ 31,000 Services/Sundry ,000 66,000 45,000 Capital - 76,442 40,000 1,075,886 22,000 Total Expenditures $ - $ 87,265 $ 71,250 $ 1,165,345 $ 98,000 NET INCOME 1,493, , ,550 (754,345) 328,000 BEGINNING FUND BALANCE - 1,493,395 1,687,795 1,825,885 1,071,540 ENDING FUND BALANCE $ 1,493,395 $ 1,825,885 $ 1,968,345 $ 1,071,540 $ 1,399,540 PEG moved from General Fund in FY PEG (Public, Educational, and Governmental) cable access channels Page 32

35 55-VETERANS MEMORIAL FUND STATEMENT OF AND EXPENDITURES FY FY FY FY FY Donations $ 3,000 $ 4,112 $ 5,000 $ 5,000 $ 5,000 Interest Income Transfers from Parks Construction Fund Total Revenues $ 3,015 $ 4,126 $ 5,050 $ 5,050 $ 5,050 EXPENDITURES Maintenance $ - $ - $ - $ - $ - Services/Sundry 4,676 3,810 5,000 5,000 5,000 Total Expenditures $ 4,676 $ 3,810 $ 5,000 $ 5,000 $ 5,000 NET INCOME (1,661) BEGINNING FUND BALANCE 15,412 13,751 13,801 14,067 14,117 ENDING FUND BALANCE $ 13,751 $ 14,067 $ 13,851 $ 14,117 $ 14, URBAN TRANSIT DISTRICT STATEMENT OF AND EXPENDITURES FY FY FY FY FY State Grants $ - $ - $ - $ 401,858 $ 401,858 Intergovernmental ,963 9,300 Interest Income Other Income ,113 56,192 Total Revenues $ - $ - $ - $ 470,934 $ 467,350 EXPENDITURES Personnel $ - $ - $ - $ 104,172 $ 83,462 Supplies , Maintenance Services/Sundry , ,927 Capital Total Expenditures $ - $ - $ - $ 470,933 $ 447,839 NET INCOME ,511 BEGINNING FUND BALANCE ENDING FUND BALANCE $ - $ - $ - $ 1 $ 19, TIRZ 1 TOWN CENTER STATEMENT OF AND EXPENDITURES FY FY FY FY FY Property Taxes $ 45,372 $ 433,314 $ 647,800 $ 647,800 $ 576,603 Sales Tax 1,285,132 1,116,981 1,349,389 1,349,389 1,172,831 Interest Income 2,720 10,458 7,400 30,000 35,000 Donations / Contributions Transfers from Other Funds Total Revenues $ 1,333,224 $ 1,560,753 $ 2,004,589 $ 2,027,189 $ 1,784,434 EXPENDITURES Economic Incentive Payments $ 25,000 $ 25,000 $ 100,000 $ 150,000 $ 100,000 Other 10,500 10,500 39,000 39,000 39,000 Total Expenditures $ 35,500 $ 35,500 $ 139,000 $ 189,000 $ 139,000 NET INCOME 1,297,724 1,525,253 1,865,589 1,838,189 1,645,434 BEGINNING FUND BALANCE 2,214,221 3,511,945 5,227,418 5,037,198 6,875,387 ENDING FUND BALANCE $ 3,511,945 $ 5,037,198 $ 7,093,006 $ 6,875,387 $ 8,520,821 Page 33

36 77-TIRZ 2 AIRPORT STATEMENT OF AND EXPENDITURES FY FY FY FY FY Property Taxes $ 7,292 $ 83,658 $ 156,500 $ 156,500 $ 120,747 Sales Tax 298, , , , ,713 Interest Income 1,546 5,436 4,400 9,000 10,000 Donations / Contributions Transfers from Other Funds Total Revenues $ 306,946 $ 605,011 $ 473,913 $ 478,513 $ 672,460 EXPENDITURES Economic Incentive Payments $ - $ - $ - $ - $ - Other 4,500 4,500 25,000 25,000 25,000 Total Expenditures $ 4,500 $ 4,500 $ 25,000 $ 25,000 $ 25,000 NET INCOME 302, , , , ,460 BEGINNING FUND BALANCE 1,310,935 1,613,381 2,026,931 2,213,892 2,667,405 ENDING FUND BALANCE $ 1,613,381 $ 2,213,892 $ 2,475,844 $ 2,667,405 $ 3,314,865 Page 34

37 OTHER GOVERNMENTAL FUNDS 16-MAIN STREET PROGRAM FUND STATEMENT OF AND EXPENDITURES FY FY FY FY FY Interest Income $ - $ - $ - $ - $ - Transfers from General Fund , , ,000 Total Revenues $ - $ - $ 227,000 $ 227,000 $ 267,000 EXPENDITURES Personnel $ - $ - $ 209,062 $ 209,107 $ 219,993 Supplies Maintenance ,000 Services/Sundry - - 1,305 1,305 1,305 Capital ,562-25,000 Transfers to Other Funds ,562 16,562 16,562 Total Expenditures $ - $ - $ 226,929 $ 226,974 $ 264,860 NET INCOME ,140 BEGINNING FUND BALANCE ENDING FUND BALANCE $ - $ - $ 71 $ 26 $ 2, TECHNOLOGY IMPROVEMENT FUND STATEMENT OF AND EXPENDITURES FY FY FY FY FY Charges for Services $ 1,534,510 $ 1,534,510 $ 1,061,792 $ 1,061,792 $ 1,206,888 Bond Proceeds Interest Income 5,298 26,293 20,000 50,000 60,000 Transfers from Other Funds 240,000 1,500, Total Revenues $ 1,779,808 $ 3,060,803 $ 1,081,792 $ 1,111,792 $ 1,266,888 EXPENDITURES Supplies $ 646,987 $ 248,504 $ 129,239 $ 209,239 $ 653,699 Maintenance 58,563 39, Services/Sundry 543, , , , ,189 Capital 716, ,067-1,867,515 - Bond Issuance Costs Total Expenditures $ 1,965,640 $ 1,550,927 $ 936,239 $ 2,916,055 $ 1,266,888 NET INCOME (185,832) 1,509, ,553 (1,804,263) - BEGINNING FUND BALANCE 8,391,115 8,205,283 8,422,532 9,715,159 7,910,896 ENDING FUND BALANCE $ 8,205,283 $ 9,715,159 $ 8,568,085 $ 7,910,896 $ 7,910, CAPITAL EQUIPMENT REPLACEMENT FUND STATEMENT OF AND EXPENDITURES FY FY FY FY FY Interest Income $ 10,036 $ 42,571 $ 32,000 $ 95,000 $ 95,000 Transfers from Other Funds 5,521,974 6,987,627 6,424,984 7,924,984 5,725,100 Total Revenues $ 5,532,010 $ 7,030,198 $ 6,456,984 $ 8,019,984 $ 5,820,100 EXPENDITURES Supplies $ 207,503 $ 56,948 $ - $ 154,098 $ 150,734 Maintenance 514, , ,100 2,123, ,820 Services/Sundry - 102, , , ,997 Capital 3,819,964 2,511,823 4,115,522 7,629,099 3,395,540 Total Expenditures $ 4,542,073 $ 3,057,140 $ 4,727,622 $ 10,092,513 $ 4,286,091 NET INCOME 989,937 3,973,057 1,729,362 (2,072,529) 1,534,009 BEGINNING FUND BALANCE 4,449,862 5,439,799 4,928,666 9,412,856 7,340,327 ENDING FUND BALANCE $ 5,439,799 $ 9,412,856 $ 6,658,027 $ 7,340,327 $ 8,874,336 Page 35

38 34- AQUATIC & FITNESS CENTER FUND INCOME STATEMENT FY FY FY FY FY Charges for Services $ - $ - $ 709,300 $ 462,155 $ 721,300 Intergovernmental - Component Unit - - 1,040,093 1,214, ,934 Day Pass Sales , , ,000 Membership Sales - - 1,329,745 1,400,000 2,480,000 Merchandise Sales ,200 10,000 21,200 Interest Income Other Income - - 1,300 11,300 11,600 Total Revenues $ - $ - $ 3,340,738 $ 3,268,111 $ 4,057,034 EXPENSES Personnel $ - $ - $ 1,714,527 $ 1,783,199 $ 2,297,787 Supplies , , ,770 Maintenance , ,483 72,470 Services/Sundry - - 1,272,702 1,074,958 1,410,007 Capital ,000 - Total Expenses $ - $ - $ 3,340,738 $ 3,268,111 $ 4,057,034 NET INCOME BEGINNING CASH & INVESTMENTS ENDING CASH & INVESTMENTS $ - $ - $ 0 $ - $ - FUND SUMMARY The new Aquatic & Fitness Center Fund is an 80,000 square foot building which includes a gymnasium, sports courts with an elevated track, childcare, classrooms, locker rooms and an outdoor leisure pool with 10,000 square feet of surface water. The facility was funded primarily with MCDC funds and will be cost neutral. 54-MPAC STATEMENT OF AND EXPENDITURES FY FY FY FY FY Ticket Sales $ 57,395 $ 70,832 $ 70,000 $ 70,000 $ 70,000 Rental - Events 200, , , , ,000 Lease - Office Space 7,433 6,000 7,000 7,000 7,000 Interest Income Intergovernmental 1, Donations / Contributions 8,824 27,722 36,900 36,900 26,900 Other Income 21,048 23,871 22,500 22,500 25,500 Transfers from Other Funds 540, , , , ,000 Total Revenues $ 836,865 $ 937,649 $ 716,800 $ 716,800 $ 719,800 EXPENDITURES Personnel $ 585,561 $ 597,119 $ 439,997 $ 440,343 $ 458,121 Supplies 18,788 19,228 19,750 23,316 25,750 Maintenance Services/Sundry 236, , , , ,494 Capital Transfers to Other Funds ,453 12,453 12,453 Total Expenditures $ 840,826 $ 834,610 $ 716,794 $ 715,906 $ 729,818 NET INCOME (3,961) 103, (10,018) BEGINNING FUND BALANCE 230, , , , ,141 ENDING FUND BALANCE $ 226,209 $ 329,247 $ 224,356 $ 330,141 $ 320,123 Page 36

39 58-PUBLIC ART FUND STATEMENT OF AND EXPENDITURES FY FY FY FY FY Interest Income $ 24 $ 24 $ 50 $ 50 $ 50 Donations 4, Transfers from Other Funds - 17,837-44,915 - Total Revenues $ 4,516 $ 17,861 $ 50 $ 44,965 $ 50 EXPENDITURES Services/Sundry $ - $ 19,901 $ - $ - $ - Transfers to Other Funds Total Expenditures $ - $ 19,901 $ - $ - $ - NET INCOME 4,516 (2,041) 50 44, BEGINNING FUND BALANCE 16,732 21,248 13,146 19,208 64,173 ENDING FUND BALANCE $ 21,248 $ 19,208 $ 13,196 $ 64,173 $ 64, DISASTER RELIEF FUND STATEMENT OF AND EXPENDITURES FY FY FY FY FY Interest Income $ - $ - $ - $ - $ - Other Income ,000 50,000 50,000 Total Revenues $ - $ - $ 50,000 $ 50,000 $ 50,000 EXPENDITURES Services/Sundry $ - $ - $ 50,000 $ 50,000 $ 50,000 Total Expenditures $ - $ - $ 50,000 $ 50,000 $ 50,000 NET INCOME BEGINNING FUND BALANCE 516, , , , ,552 ENDING FUND BALANCE $ 516,552 $ 516,552 $ 516,552 $ 516,552 $ 516,552 Page 37

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41 DEBT SERVICE FUNDS Debt Service Funds are used for the accumulation of resources for the payment of interest and principal on long-term debts. Financing is provided primarily by a specific annual property tax levy for general obligation debts or operating revenues for revenue debts. 30-General Obligation Debt Service Fund 40-Revenue Debt Service Fund 41-Revenue Bond Reserve Fund Page 39

42 30-GENERAL OBLIGATION DEBT SERVICE FUND STATEMENT OF AND EXPENDITURES FY FY FY FY FY Property Taxes $ 22,824,488 $ 26,716,156 $ 29,321,942 $ 29,681,942 $ 31,942,815 Lease Revenue 588, Bond Proceeds - 44,998, Interest Income 16,184 79,990 72, , ,000 Transfer from Airport Fund Transfer from Hotel/Motel Fund Total Revenues $ 23,428,672 $ 71,794,945 $ 29,393,942 $ 29,826,942 $ 32,052,815 EXPENDITURES Principal $ 13,485,000 $ 16,100,000 $ 18,025,000 $ 18,025,000 $ 21,805,000 Interest 9,016,252 10,305,718 10,934,811 10,934,811 10,196,269 Bond Advance Refunding - 44,520, Bond Issuance Costs - 481,177 46, ,500 - Paying Agent Fees/Other 8,062 8,100 9,100 45,100 32,500 Transfer for Lease/Purchase (Fire Trucks) - 321, , ,679 - Total Expenditures $ 22,509,314 $ 71,736,795 $ 29,337,390 $ 29,459,090 $ 32,033,769 CHANGE IN RESERVES 919,358 58,150 56, ,852 19,046 BEGINNING FUND BALANCE 2,867,011 3,836,369 3,315,677 3,894,518 4,262,370 FUND BALANCE RESERVED (NRCS I&S Reserve) 50, ENDING FUND BALANCE $ 3,836,369 $ 3,894,518 $ 3,372,229 $ 4,262,370 $ 4,281,416 FUND SUMMARY The goal of this fund is to achieve a proper matching of revenues and debt service payments with each fiscal year. The fund will be depleted at least once each year, except possibly for a carryover amount not to exceed the greater of the previous fiscal year s earnings on the fund or one-twelfth of the previous year s debt service requirements on the bonds. Funding source for this fund is from property tax. The total tax rate of $ is divided as follows: $ Maintenance & Operations $ Interest & Sinking $ Total Tax Rate Principal repayments of $21.8 million are scheduled for fiscal year Total outstanding debt principal as of October 1, 2017, will be $228.2 million. In November 2015 the voters approved a bond election of $113.7 Million. GO Bonds - Total Outstanding (in millions) Millions Principal Interest Page 40

43 OUTSTANDING GO BONDS Total Outstanding GO Bonds (All Years) as of October 1, 2017 Series Principal Interest Total 2009 CO $ 13,005,000 $ 4,701,544 $ 17,706, GO 6,325,000 2,177,963 8,502, CO 9,365,000 3,790,738 13,155, GO 14,635,000 5,279,863 19,914, GO Refunding 10,210,000 1,452,750 11,662, CO Taxable 5,620,000 2,113,582 7,733, CO Taxable Airport 11,720,000 5,538,070 17,258, GO Refunding 13,195,000 2,244,500 15,439, CO Airport Taxable 830,000 97, , CO Hotel Taxable 2,540,000 1,041,768 3,581, GO & GO Refunding 20,030,000 5,795,650 25,825, GO Refunding 3,695,000 1,535,190 5,230, Tax Notes 2,505,000 75,400 2,580, GO 42,850,000 22,994,400 65,844, GO & Refunding 49,720,000 14,552,400 64,272, GO Refunding 21,965,000 3,972,772 25,937,772 TOTAL ALL $ 228,210,000 $ 77,363,970 $ 305,573,970 Current GO Bonds FY Series Principal Interest Total 2009 CO $ 825,000 $ 569,681 $ 1,394, GO 445, , , CO 110, , , GO 215, , , GO Refunding 1,890, ,700 2,341, CO Taxable 250, , , CO Taxable Airport 480, , , GO Refunding 2,090, ,250 2,718, CO Airport Taxable 110,000 21, , CO Hotel Taxable 105,000 91, , GO & GO Refunding 1,930, ,613 2,824, GO Refunding 155, , , Tax Notes 1,240,000 50,100 1,290, GO 1,565,000 2,093,700 3,658, GO & Refunding 3,830,000 2,334,400 6,164, GO Refunding 6,565,000 1,012,522 7,577,522 TOTAL CURRENT $ 21,805,000 $ 10,196,269 $ 32,001,269 Page 41

44 40-REVENUE DEBT SERVICE FUND INCOME STATEMENT FY FY FY FY FY Transfers - Principal & Interest $ 4,799,030 $ 5,122,245 $ 5,310,000 $ 9,810,000 $ 9,254,758 Interest Income 4,158 18,798 15,000 16,000 18,000 Total Revenues $ 4,803,188 $ 5,141,044 $ 5,325,000 $ 9,826,000 $ 9,272,758 EXPENSES Principal $ - $ - $ 4,810,000 $ 4,810,000 $ 4,820,000 Interest 2,582,457 2,909,760 2,987,919 2,987,919 4,434,758 Paying Agent Fees/Other 3,726 5,025 5,000 5,000 5,000 Total Expenses $ 2,586,183 $ 2,914,785 $ 7,802,919 $ 7,802,919 $ 9,259,758 NET INCOME 2,217,005 2,226,259 (2,477,919) 2,023,081 13,000 BEGINNING CASH & INVESTMENTS 7,524,143 5,278,654 2,687,476 2,757,548 4,780,629 CASH ADJUSTMENTS (Bonds Payable) (4,462,495) (4,747,365) ENDING CASH & INVESTMENTS $ 5,278,654 $ 2,757,548 $ 209,557 $ 4,780,629 $ 4,793,629 FUND SUMMARY The retained earnings of the fund are restricted and available solely for the retirement of debt and related requirements per City bond covenants. The City covenants that there shall be deposited from the Net Revenues into the fund prior to each principal and interest payment due date an amount equal to one hundred percent (100%) of the required to fully pay the interest on and the principal of the bonds then falling due and payable. Such deposits to pay maturing principal and accruing shall be made in substantially equal monthly installments on or before the 10th of each month. The monthly deposits shall continue to be made until such time as the total amount on deposit is equal to the amount required to pay all outstanding bonds. Interest and premium received shall be taken into consideration and reduce the amount of monthly deposits. Total outstanding debt principal as of October 1, 2017, will be $100.5 million. The ending cash and investments at September 30, 2018, are estimated at $4,793, Revenue Bonds - Total Outstanding (in millions) 10 Millions Principal Interest Page 42

45 OUTSTANDING REVENUE BONDS Total Outstanding Revenue Bonds (All Years) as of October 1, 2017 Series Principal Interest Total 2010 RB $ 4,395,000 $ 1,247,066 $ 5,642, RB Refunding 3,570, ,881 3,984, RB Refunding 7,400,000 1,114,269 8,514, RB & Refunding 10,835,000 3,286,125 14,121, RB & Refunding 27,820,000 10,355,375 38,175, RB & Refunding 46,520,000 22,620,769 69,140,769 TOTAL ALL $ 100,540,000 $ 39,038,485 $ 139,578,485 Current Revenue Bonds FY Series Principal Interest Total 2010 RB $ 265,000 $ 166,750 $ 431, RB Refunding 540, , , RB Refunding 860, ,038 1,098, RB & Refunding 1,170, ,250 1,603, RB & Refunding 1,005,000 1,237,850 2,242, RB & Refunding 980,000 2,234,482 3,214,482 TOTAL CURRENT $ 4,820,000 $ 4,434,757 $ 9,254,757 Page 43

46 41-REVENUE BOND RESERVE FUND INCOME STATEMENT FY FY FY FY FY Interest Income $ 100,758 $ 56,638 $ 55,500 $ 63,000 $ 80,000 Transfers from Water & Wastewater Fund - 36, , , ,000 Transfers from Utility Construction Fund 1,200,918 Total Revenues $ 100,758 $ 92,638 $ 199,500 $ 2,107,918 $ 580,000 EXPENSES Transfers to Utility Construction Fund 1,200, Total Expenses $ 1,200,918 $ - $ - $ - $ - NET INCOME (1,100,160) 92, ,500 2,107, ,000 BEGINNING CASH & INVESTMENTS 5,580,335 4,250,773 4,342,273 4,323,832 6,431,750 CASH ADJUSTMENTS (229,401) (19,579) ENDING CASH & INVESTMENTS $ 4,250,773 $ 4,323,832 $ 4,541,773 $ 6,431,750 $ 7,011,750 FUND SUMMARY The City is allowed five years from the date of the last bond sale to accumulate the required reserve in this fund. The required reserve is $6,978,924*. These funds are deposited with a fiscal agent and transfers are made to increase this account monthly and as needed. The estimated cash and investment balance as of September 30, 2018, will be $7,011,750. *Reserve requirement calculation: Total Outstanding Debt $139,578, Years Average Annual Debt Payments $6,978,924 Page 44

47 CAPITAL PROJECTS FUNDS Capital Projects Funds are used to account for all major capital improvements that are financed by the City s general obligation bonds, revenue bonds, intergovernmental grants, developer s contributions and other designated resources. Capital Improvements Program Capital Improvements Map CIP Funds o 20-Utility Construction o 21-Street Construction o 22-Library Construction o 23-Park Construction o 24-Roadway Impact Fees o 25-Fire Improvement o 26-Facilities Improvement Fund o 29-Utility Development Impact Fee o 61-Airport Construction Fund o 62-Stormwater Construction Fund o 64-Parkland/Median Fee Fund Capital Improvements Five-Year Program Page 45

48 CAPITAL IMPROVEMENTS PROGRAM (CIP) DESCRIPTION McKinney continues to be one of the nation s fastest-growing cities. Such growth brings both benefits and challenges to the City. A critical component of growth management is providing adequate infrastructure and facilities for new citizens and new business development. The Capital Improvements Program (CIP), a five-year plan for funding of major capital improvements, is structured to meet those needs while maintaining a strong fiscal policy. In addition to the five year plan, the city has begun forecasting debt capacity and operational cost over a ten year period. The Capital Improvements Program is developed by identifying and prioritizing capital project needs, then balancing those needs with available funding sources. Many projects are identified from previously approved master plans for water, wastewater, parks, streets, facilities, etc. Other projects are recommended by Council, citizen boards, staff and community input. CIP FINANCING The Capital Improvements Program is funded from a number of sources, including General Obligation Bonds, Certificates of Obligation, Revenue Bonds, MCDC (4B) funds, MEDC (4A) funds, grants, impact fees and contributions. The largest single source of funding is General Obligation Bonds. In 2015, McKinney voters approved a $100 million General Obligation Bond package o $64.1 million, Street Improvements o $22.5 million, Public Safety Facilities o $11.7 million, Municipal Buildings Improvements o $2 million, Flood Protection The bond package was developed through the work of a citizen committee, the City Council and City staff. These projects are generally scheduled for construction as bond capacity is available. CAPITAL FUNDS Various capital project funds have been created to account for proceeds from bond sales, transfers, specific grants or other funds earmarked for capital projects. For instance, the city refunded $22 million in G.O. debt and issued $39 million in new Water/Wastewater debt in fiscal year to fund new capital projects. A summary of capital projects associated with these funds and the annual budget element for each fund are listed on the following pages. Information on projects, funding sources and funding years is detailed in the Capital Improvements Five-Year Program Summary (FY ) at the end of this section. Page 46

49 COI T FM ALM A STO NEB R ID GE RI DGE CR 1 66 FM 1461 WESTON LAK E FOREST HA R DI N MC DONA LD FM 543 COM MU N ITY SPUR 195 BLOOM DA LE RED B UD UNIV E RS IT Y WHI TE VIR GIN IA VI RGI NIA 2478 LOU IS IANA 75 GLEN OAK S AI RP ORT ELDOR A DO HARRY MCKILLOP SILV ER AD O MCKINNEY RANCH SH 5 Path: Y:\Maps\ _CIP_ _letter.mxd COLLIN MCKINNEY SAM RAY BUR N Development Services Division 221 N. Tennessee St. McKinney, TX (972) , ,600 7,200 Feet Capital Improvement Program FY I AIRPORT COMBINED DRA INA GE FACILITIES; LIB RARY FIRE PARKS STRE ETS TRAFFIC WA STEWATER WATER Created: 7/25/2017 The geographic information contained is not to be construed or used as "survey data", or for a "legal description", it is provided for informational purposes only.

50 CIP FUNDS 20-UTILITY CONSTRUCTION FUND INCOME STATEMENT FY FY FY FY FY Bond Proceeds $ 3,920,970 $ 14,202,755 $ 39,390,000 $ 39,390,000 $ 30,205,000 Developer Contributions not Received ,507,153 - Developer Contributions Received 501, ,445-18,128 - Developer/Pro-rata Contributions 91,189 40,364 50,000 83,482 - Interest Income 321, , , , ,000 Revenue Bond Reserve 1,200, Intergovernmental ,367 - Intergovernmental not Received ,431 - Transfers from Other Funds 1,750,000 2,827,288 5,300,000 3,390,505 1,600,000 Total Revenues $ 7,786,300 $ 17,876,433 $ 44,920,000 $ 45,544,067 $ 32,345,000 EXPENSES Personnel $ 170,307 $ 185,980 $ 187,482 $ 180,855 $ 188,985 Project Appropriations 7,082,545 3,320,059 44,690,000 43,787,782 31,805,000 Bond Issuance Costs 205, ,457 70, ,000 54,369 Prior Year Project Commitments 154, ,824-35,564,484 - Pro-rata Unallocated/Reimbursement ,000 1,192,142 - Transfers to Other Funds (RB Reserve Fund) ,200,918 - Total Expenses $ 7,612,447 $ 4,071,320 $ 44,998,384 $ 82,136,181 $ 32,048,354 NET INCOME 173,852 13,805,113 (78,384) (36,592,114) 296,646 BEGINNING CASH & INVESTMENTS 24,689,848 26,494,203 44,052,304 44,052,304 6,129,374 ADJUSTMENTS (Vouchers Pay/Accts Rec) 1,630,503 3,752,988 - (1,330,816) - ENDING CASH & INVESTMENTS $ 26,494,203 $ 44,052,304 $ 43,973,920 $ 6,129,374 $ 6,426, STREET CONSTRUCTION FUND STATEMENT OF AND EXPENDITURES FY FY FY FY FY Bond Proceeds $ 31,383,461 $ - $ 26,000,000 $ - $ 36,900,000 Contributions/Other-Prior Year not Received - 251,924-19,097 Developer Contributions 751, ,982 - (379,358) 83,730 Interest Income 86, , , , ,000 Intergovernmental 1,719,699 1,220,088-2,411,034 - Intergovernmental not received ,806,999 - Bond Premium 4,812, Transfers from General Fund - 2,000,000 2,000,000 2,000,000 3,000,000 Transfers from Roadway Impact Fee Fund 4,019,866 4,211, ,000 2,650,000 - Total Revenues $ 42,772,858 $ 8,490,576 $ 28,345,000 $ 24,077,772 $ 40,623,730 EXPENDITURES Personnel $ 477,615 $ 509,562 $ 512,593 $ 495,706 $ 517,874 Project Appropriations 6,941,492 6,980,991 28,150,000 5,698,448 40,673,730 Prior Year Project Commitments ,991,434 - Bond Issuance Costs 281, ,420 Total Expenditures $ 7,700,801 $ 7,490,552 $ 28,662,593 $ 80,185,588 $ 41,258,024 NET INCOME 35,072,057 1,000,023 (317,593) (56,107,816) (634,294) BEGINNING FUND BALANCE 24,960,147 60,032,204 3,218,828 61,032,227 4,924,411 ENDING FUND BALANCE $ 60,032,204 $ 61,032,227 $ 2,901,235 $ 4,924,411 $ 4,290,117 Page 48

51 22-LIBRARY CONSTRUCTION FUND STATEMENT OF AND EXPENDITURES FY FY FY FY FY Bond Proceeds $ - $ 9,500,000 $ - $ - $ - Interest Income ,917 18,000 85, ,000 Transfers from Other Funds Total Revenues $ 376 $ 9,516,917 $ 18,000 $ 85,000 $ 100,000 EXPENDITURES Project Appropriations $ - $ - $ - $ - $ - Prior Year Project Commitments ,500,000 - Total Expenditures $ - $ - $ - $ 9,500,000 $ - NET INCOME 376 9,516,917 18,000 (9,415,000) 100,000 BEGINNING FUND BALANCE 311, ,225 9,829,142 9,829, ,142 ENDING FUND BALANCE $ 312,225 $ 9,829,142 $ 9,847,142 $ 414,142 $ 514, PARK CONSTRUCTION FUND STATEMENT OF AND EXPENDITURES FY FY FY FY FY Bond Proceeds $ - $ - $ - $ - $ - Contributions/Donations - 33, ,160 - Contributions - Component Units (MCDC) ,000 - Interest Income 19,117 84,600 45, , ,000 Intergovernmental - 104, Intergovernmental not received ,070,513 - Transfers from Parkland/Median Fee Fund 535, ,616 7,000,000 6,951,445 1,975,000 Transfers from Component Unit 950,677 2,489,535 5,500, ,000 5,500,000 Transfers from Component Units not Received ,889,809 - Total Revenues $ 1,505,766 $ 3,329,979 $ 12,545,000 $ 18,383,927 $ 7,745,000 EXPENDITURES Project Appropriations $ 4,075,183 $ 6,623,254 $ 12,500,000 $ 13,426,896 $ 7,475,000 Prior Year Project Commitments ,612,735 - Total Expenditures $ 4,075,183 $ 6,623,254 $ 12,500,000 $ 26,039,631 $ 7,475,000 NET INCOME (2,569,416) (3,293,275) 45,000 (7,655,704) 270,000 BEGINNING FUND BALANCE 14,461,475 11,892,059 8,598,784 8,598, ,080 ENDING FUND BALANCE $ 11,892,059 $ 8,598,784 $ 8,643,784 $ 943,080 $ 1,213,080 Page 49

52 24-ROADWAY IMPACT FEE FUND STATEMENT OF AND EXPENDITURES FY FY FY FY FY Contributions/Impact Fees $ 3,231,970 $ 4,398,193 $ 5,500,000 $ 3,693,995 $ 5,000,000 Total Revenues $ 3,231,970 $ 4,398,193 $ 5,500,000 $ 3,693,995 $ 5,000,000 EXPENDITURES Refund Roadway Impact Fee $ 27,994 $ 97,873 $ 125,000 $ 251,838 $ 300,000 Reserve for Developer Incentive ,000 - Transfers to Street Construction Fund 4,019,866 4,211, ,000 2,650,000 - Total Expenditures $ 4,047,860 $ 4,309,311 $ 275,000 $ 3,351,838 $ 300,000 NET INCOME (815,890) 88,882 5,225, ,157 4,700,000 BEGINNING FUND BALANCE 5,671,059 4,855,168 5,576,496 4,944,050 5,286,207 ENDING FUND BALANCE $ 4,855,168 $ 4,944,050 $ 10,801,496 $ 5,286,207 $ 9,986, FIRE IMPROVEMENT FUND STATEMENT OF AND EXPENDITURES FY FY FY FY FY Bond Proceeds $ 5,525,134 $ - $ - $ - $ - Bond Premium 847, Interest Income 4,386 33,348 9,000 58,000 70,000 Transfer from General Fund - 600, Transfer from Facility Improvement Fund - 150, Total Revenues $ 6,376,714 $ 783,348 $ 9,000 $ 58,000 $ 70,000 EXPENDITURES Project Appropriations $ 6,000 $ 1,504,071 $ - $ - $ - Prior Year Project Commitments ,762,429 - Bond Issuance Costs 49, Total Expenditures $ 55,614 $ 1,504,071 $ - $ 7,762,429 $ - NET INCOME 6,321,100 (720,724) 9,000 (7,704,429) 70,000 BEGINNING FUND BALANCE 2,209,343 8,530,443 7,809,719 7,809, ,290 ENDING FUND BALANCE $ 8,530,443 $ 7,809,719 $ 7,818,719 $ 105,290 $ 175,290 Page 50

53 26-FACILITIES IMPROVEMENT FUND STATEMENT OF AND EXPENDITURES FY FY FY FY FY Bond Proceeds $ 8,806,405 $ 7,475,080 $ - $ 7,250,000 $ - Interest Income 14, ,813 18, , ,000 Bond Premium 1,350, Developer Contributions 3,567, Transfers from Component Unit 382, Transfers from Component Units not Received ,500,000 - Total Revenues $ 14,121,267 $ 7,576,893 $ 18,000 $ 10,965,000 $ 260,000 EXPENDITURES Personnel $ 176,047 $ 182,126 $ 187,398 $ 188,987 $ 197,096 Project Appropriations 7,121, ,049-12,132,325 - Prior Year Project Commitments ,569,939 - Bond Issuance Costs 79, ,050 - Transfers to Fire Improvement Fund - 150, Total Expenditures $ 7,376,446 $ 1,217,174 $ 187,398 $ 32,904,301 $ 197,096 NET INCOME 6,744,821 6,359,719 (169,398) (21,939,301) 62,904 BEGINNING FUND BALANCE 13,429,595 20,174,416 26,534,134 26,534,134 4,594,833 ENDING FUND BALANCE $ 20,174,416 $ 26,534,134 $ 26,364,736 $ 4,594,833 $ 4,657, UTILITY DEVELOPMENT IMPACT FEE FUND INCOME STATEMENT FY FY FY FY FY Contributions/Impact Fees $ 3,217,048 $ 3,024,979 $ 3,500,000 $ 3,137,340 $ 3,500,000 Developer Incentives 61, Total Revenues $ 3,278,215 $ 3,024,979 $ 3,500,000 $ 3,137,340 $ 3,500,000 EXPENSES Refund to Developers $ 37,889 $ 784,674 $ 60,000 $ 66,416 $ 60,000 Developer Incentives 61, ,694 - Transfers to Other Funds 1,750,000 2,827,288 5,300,000 3,390,505 1,600,000 Total Expenses $ 1,849,056 $ 3,611,962 $ 5,360,000 $ 3,500,615 $ 1,660,000 NET INCOME 1,429,159 (586,983) (1,860,000) (363,275) 1,840,000 BEGINNING CASH & INVESTMENTS 7,564,939 8,995,690 8,407,115 8,407,115 8,043,840 ADJUSTMENTS (Vouchers Pay/Accts Rec) 1,592 (1,592) ENDING CASH & INVESTMENTS $ 8,995,690 $ 8,407,115 $ 6,547,115 $ 8,043,840 $ 9,883,840 Page 51

54 61-AIRPORT CONSTRUCTION FUND INCOME STATEMENT FY FY FY FY FY Bond Proceeds $ - $ - $ - $ - $ - Interest Income 2,556 9,067 5,000 25,000 30,000 Intergovernmental 2,569,891 2,481,933-1,479 - Intergovernmental not Received ,110,477 - Contributions - Component Units (MCDC) 134,272 1,365,728 Transfers from Airport Operating Fund - 1,311,478 1,381,742 6,382,442 1,356,456 Total Revenues $ 2,706,719 $ 5,168,205 $ 1,386,742 $ 7,519,398 $ 1,386,456 EXPENSES Project Appropriations $ 3,190,570 $ 4,376,386 $ - $ 6,300,700 $ - Prior Year Project Commitments ,754,525 - Bond Issuance Costs Prior Year Expense ,210 - Transfers to Other Funds Total Expenses $ 3,190,570 $ 4,376,386 $ - $ 10,060,435 $ - NET INCOME (483,851) 791,819 1,386,742 (2,541,038) 1,386,456 BEGINNING CASH & INVESTMENTS 2,362,400 2,177,056 3,232,326 3,232, ,786 ADJUSTMENTS (Vouchers Pay/Accts Rec) 298, ,451-76,497 - ENDING CASH & INVESTMENTS $ 2,177,056 $ 3,232,326 $ 4,619,068 $ 767,786 $ 2,154,242 Page 52

55 62-STORMWATER CONSTRUCTION FUND STATEMENT OF AND EXPENDITURES FY FY FY FY FY Bond Proceeds $ - $ 4,425,000 $ - $ - $ - Interest Income 2,504 13,376 15,000 50,000 60,000 Intergovernmental 2,027,791 1,282,979-1,048 - Intergovernmental-Prior Year not Received ,801,425 - Contributions/Donations 327,000 5, Total Revenues $ 2,357,295 $ 5,727,144 $ 15,000 $ 5,852,473 $ 60,000 EXPENDITURES Project Appropriations $ 2,838,463 $ 1,512,630 $ - $ 1,596,122 $ 400,000 Prior Year Expense ,442 - Prior Year Project Commitments ,024,963 - Total Expenditures $ 2,838,463 $ 1,512,630 $ - $ 10,623,527 $ 400,000 NET INCOME (481,168) 4,214,514 15,000 (4,771,054) (340,000) BEGINNING FUND BALANCE 2,748,945 2,267,777 6,482,291 6,482,291 1,711,237 ENDING FUND BALANCE $ 2,267,777 $ 6,482,291 $ 6,497,291 $ 1,711,237 $ 1,371, PARKLAND/MEDIAN FEE FUND STATEMENT OF AND EXPENDITURES FY FY FY FY FY Interest Income $ - $ - $ - $ - $ - Median Escrow Fee 199, , , ,633 - Parkland Dedication 3,938,784 4,899,769 6,000,000 5,722,049 6,000,000 Total Revenues $ 4,138,341 $ 5,252,671 $ 6,375,000 $ 6,024,681 $ 6,000,000 EXPENDITURES Refund Parkland / Median Fees $ 2,890 $ 15,464 $ 25,000 $ 196,594 $ 25,000 Transfers to Parks Construction Fund 535, ,616 7,000,000 6,951,445 1,975,000 Total Expenditures $ 538,862 $ 634,080 $ 7,025,000 $ 7,148,039 $ 2,000,000 NET INCOME 3,599,479 4,618,591 (650,000) (1,123,357) 4,000,000 BEGINNING FUND BALANCE 4,949,557 8,549,036 13,167,628 13,167,628 12,044,270 ENDING FUND BALANCE $ 8,549,036 $ 13,167,628 $ 12,517,628 $ 12,044,270 $ 16,044,270 Page 53

56 CAPITAL IMPROVEMENTS FIVE-YEAR PROGRAM The Capital Improvement Program Summary on the following pages provides detailed information pertaining to each project planned in the five-year capital improvement program. Each planned project within the next five years has been listed out by project type (i.e. Airport, Combined Funds, Drainage, etc.). The report includes the project name, previously adopted budget amounts, the proposed changes for FY , the proposed budget for FY , and the required funding by fiscal year, funding source and project number. Use of Funding by Year (All Sources): The amount planned by fiscal year for each planned capital improvement project. Each column in this section pertains to a particular fiscal year within the planned five-year capital improvement program. In addition, the first three columns of this section provide the previously adopted budget amounts for the current fiscal year and all prior fiscal years. o Life-to-Date Budget Spent Thru FY16: Total spent on project life-to-date thru prior fiscal year. o Unspent Project Budget (Ending FY16 + Adopted FY17): Unspent project funding thru current CIP adopted budget. o FY17 Budget Amend: Current year approved budget amendments. o FY17 Proposed ADJS: Proposed changes for current year, but not yet approved. o FY18 FY22: Proposed amount for each fiscal year. Source of Funding (Total FY 17 Proposed Adjustments and FY18-22 Plan): This section breaks-out the planned funding sources for each capital improvement project within the planned five-year program. o Revised Thru FY17 Incl BA: Current adopted CIP budget, plus approved budget amendments. o Revenue Bonds: Debt obligation bonds issued collateralized by current and future charges for service program revenue. o Bonds (Voter Authorized): General Obligation Bonds are voter-approved bonds collateralized by current and future property taxes. Certificates of Obligation Bonds are bonds issued collateralized by current and future property taxes. o Bonds (Not Authorized): General Obligation or Revenue Bonds that have not been voted on by taxpayers. o MCDC: Funding provided by the McKinney Community Development Corporation. o Impact Fees: Funding provided using Roadway Impact Fees, Water and Wastewater Utility Impact Fees. o Grants: This funding source pertains to federal, state and local granting agencies o Parkland Dedication/Median Escrow: Funding provided by median escrow and parkland dedication fees. o Previous Resources: Use of fund balance within that project s fund o Developer Contribution: Funding provided by developer contributions o Total 5 Year Plan: Total of each capital improvement project within the planned five-year program. Page 54

57 CIP OVERVIEW BY TYPE AND SOURCE USE OF FUNDS Summary of use of funds for CIP projects by type and year (includes previously adopted budget). Project Funded Thru FY17 (Incl BA) FY17 Adjustments FY17-18 FY18-19 FY19-20 FY20-21 FY21-22 TOTAL Airport $ 15,989,755 $ - $ - $ 438,000 $ 6,058,312 $ 14,137,425 $ 15,523,600 $ 52,147,092 Drainage 13,524,879 1,596, , , ,000-8,000,000 24,441,001 Facilities 21,449,505 11,086,800 1,045, ,581,830 Fire Improvements 9,271, ,500,000 1,500,000-9,000,000 21,271,000 Library 9,500, ,500,000 Parks 33,080, ,640 7,475,000 6,350,000 5,500,000 5,500,000 7,300,000 65,651,081 Streets 108,702,592 (23,420,826) 40,673,730 12,000,000 11,500, ,455,496 Traffic 4,822,890 (220,726) - 4,000, ,602,164 Water 79,992, ,439 18,950,000 45,470,000 19,260,000 11,525,000 23,335, ,964,686 Wastewater 16,277,999 (1,609,657) 12,855,000 15,480,000 25,210,000 7,325,000 8,650,000 84,188,342 Grand Total $ 312,611,308 $ (11,690,208) $ 81,399,255 $ 85,658,000 $ 69,528,312 $ 38,487,425 $ 71,808,600 $ 647,802,692 SOURCE OF FUNDING Summary of CIP projects by type and source of revenue (FY17 proposed adjustments and FY18-22 funding). Project Revenue Bonds Bonds (Voter Authorized) General Fund MCDC Airport Operating Fund Impact Fees (Road, W, WW, Pkld, Med) Grants Other Funding Sources TOTAL Airport $ - $ - $ - $ - $ 1,456,374 $ - $ 33,585,963 $ 1,115,000 $ 36,157,337 Drainage ,751,106 4,165,016 10,916,122 Facilities ,045,525 1,045,525 Fire Improvements - 12,000, ,000,000 Library Parks ,495,900-4,576, ,295 32,570,640 Streets - 34,100,000 3,000, ,200,000 1,406,177 46,727 40,752,904 Traffic - 4,000, ,000 - (520,726) 3,779,274 Water 115,470, ,380,505 (74,575) 1,196, ,972,439 Wastewater 66,410, ,890,000 (165,953) (223,704) 67,910,343 Grand Total $ 181,880,000 $ 50,100,000 $ 3,000,000 $ 27,495,900 $ 1,456,374 $ 11,346,950 $ 41,502,718 $ 7,322,642 $ 324,104,584 SOURCE BY FUNDING YEAR CIP projects by source of revenue and funding year (FY17 proposed adjustments and FY18-22 funding). Type FY17 Adjustments FY17-18 FY18-19 FY19-20 FY20-21 FY21-22 TOTAL Debt Financing-GO's $ (26,000,000) $ 36,900,000 $ 17,200,000 $ 13,000,000 $ - $ 9,000,000 $ 50,100,000 Debt Financing-Revenue Bonds - 30,205,000 56,370,000 44,470,000 18,850,000 31,985, ,880,000 MCDC (4,100) 5,500,000 5,500,000 5,500,000 5,500,000 5,500,000 27,495,900 Parkland Dedication/Median Esc (48,555) 1,975, , ,800,000 4,576,445 Airport Operating Fund ,631 1,373,743-1,456,374 Impact Fees 590,505 1,600,000 4,580, ,770,505 Grants/County 1,410, ,200 5,452,481 12,723,682 20,115,600 40,096,541 Developer Contributions/Donations 937,101 83, ,800,000 3,820,831 General Fund - 3,000, ,000,000 Previous Resources 1,382,988 1,090, ,800 1,023,200 40, ,000 4,907,988 Grand Total $ (21,731,483) $ 80,353,730 $ 85,658,000 $ 69,528,312 $ 38,487,425 $ 71,808,600 $ 324,104,584 Page 55

58 CAPITAL IMPROVEMENT PROGRAM SUMMARY (FY2018 FY2022) DRAFT USE OF FUNDING BY YEAR (ALL SOURCES) LIFE TO DATE UNSPENT PROJ NAME PROJ NO BUDGET PROJ BUDGET FY17 BUDGET FY17 TOTAL 5 YEAR FY17 18 FY18 19 FY19 20 FY20 21 FY21 22 SPENT THRU (EndingFY16 + AMENDMENTS ADJUSTMENTS PLAN FY16 AdoptedFY17) AIRPORT CONSTRUCTION FUND AIRPORT MASTER PLAN UPDATE AI1648 $ $ 333,333 $ 700 $ $ $ $ $ $ $ 334,033 TOYOTA HANGAR EXPANSION AI1705 6,300,000 6,300,000 RELOCATE AIRPORT TAXIWAY CONNECTOR AI , , ,000 TAXILANE A REHABILITATION AI ,312 13,737,425 14,563,737 DESIGN AND CONSTRUCT WEST CENTRAL TAXILANE AI ,000 15,043,600 15,443,600 TEE/BOX HANGAR TAXILANE CONSTRUCTION AI , ,000 STORMWATER EROSION MITIGATION DES&CONST AI ,000 4,600,000 5,000,000 AIRCRAFT PARKING RAMP RE CONSTRUCTION AI3202 5,809, ,384 6,705,722 AIRFIELD MAINTENANCE BUILDING AI ,246 1,082,754 1,150,000 AIRCRAFT STORAGE HANGAR #2 AI ,945 1,442,055 1,500,000 $ 5,934,530 $ 3,754,525 $ 6,300,700 $ $ $ 438,000 $ 6,058,312 $ 14,137,425 $ 15,523,600 $ 52,147,092 TOTAL AIRPORT CONSTRUCTION FUND $ 5,934,530 $ 3,754,525 $ 6,300,700 $ $ $ 438,000 $ 6,058,312 $ 14,137,425 $ 15,523,600 $ 52,147,092 DRAINAGE IMPROVEMENT FUND COMBINED PROJECTS: UPDATE ENG DESIGN/CONSTRUCTION DOCUMECO1606 $ 2,291 $ 122,709 $ $ $ $ $ $ $ $ 125,000 PEARSON FM WADDILL KENTUCKY CO1703 1,315,000 1,315,000 $ 2,291 $ 122,709 $ 1,315,000 $ $ $ $ $ $ $ 1,440,000 DRAINAGE IMPROVEMENTS CREEK, LAKE & DAM IMPROVEMENTS DR1205 $ 326,198 $ 103,802 $ $ $ $ $ $ $ $ 430,000 STOVER CREEK MASTER DRAINAGE STUDY DR , ,000 WILSON CREEK UNNAMED TRIBUTARY STUDY DR , , ,000 UNNAMED TRIBUTARY DRAINAGE IMPROVEME DR ,529 18,529 CREEK, LAKE, DAM IMPROV,STUDIES (UMBRELLADR4318 1,801,790 (1,315,000) 420, ,000 1,406,790 NRCS EFAL WATERSHED DAM REHAB SITES 15& DR4319 8,000,000 8,000,000 DAM REHABILITATION: NRCS LAKE 4 DR ,250 5,810,510 1,652,741 7,486,501 DAM REHABILITATION: NRCS LAKE 2A DR7158 4,148, ,623 (56,619) 4,609,181 $ 4,497,625 $ 8,902,254 $ (1,315,000) $ 1,596,122 $ 400,000 $ 420,000 $ 500,000 $ $ 8,000,000 $ 23,001,001 TOTAL DRAINAGE IMPROVEMENT FUND $ 4,499,916 $ 9,024,963 $ $ 1,596,122 $ 400,000 $ 420,000 $ 500,000 $ $ 8,000,000 $ 24,441,001 FACILITIES IMPROVEMENT FUND PUBLIC WORKS COMPLEX FC1202 $ 67,575 $ 5,932,425 $ $ $ $ $ $ $ $ 6,000,000 DOWNTOWN PARKING (VARIOUS LOTS) FC ,912 1,469,088 (204,475) 1,295,525 MUNI COMP MASTER PLAN 17 FC , ,800 PARKING (9AC) COL REALTY FC1708 1,250,000 1,250,000 STARS CENTER EXPANSION FC ,750,000 10,750,000 PUBLIC SAFETY PHASE III FC ,337 8,587,663 9,064,000 ACCESSIBILITY IMPROVEMENTS FOR FACILITIES FC ,742 1,995,258 2,300,000 POLICE GUN RANGE FC4364 1,500,000 1,500,000 FIRE STATION#9 LK FOR/380 FI3244 1,085,505 1,085,505 $ 879,566 $ 20,569,939 $ 11,086,800 $ 1,045,525 $ $ $ $ $ $ 33,581,830 TOTAL FACILITIES IMPROVEMENT FUND $ 879,566 $ 20,569,939 $ 11,086,800 $ 1,045,525 $ $ $ $ $ $ 33,581,830 FIRE IMPROVEMENT FUND FIRE STATION CRAIG RANCH FI1731 $ $ $ $ $ $ $ $ $ 4,500,000 $ 4,500,000 FIRE STATION #9 (LAKE FOREST & WILMETH) FI3244 1,508,571 5,562,429 7,071,000 FIRE STATION LAND/DESIGN VIRGINIA/HARDIN FI4246 1,500,000 1,500,000 4,500,000 7,500,000 FIRE DEPARTMENT TRAINING CENTER FI4312 2,200,000 2,200,000 $ 1,508,571 $ 7,762,429 $ $ $ $ 1,500,000 $ 1,500,000 $ $ 9,000,000 $ 21,271,000 TOTAL FIRE IMPROVEMENT FUND $ 1,508,571 $ 7,762,429 $ $ $ $ 1,500,000 $ 1,500,000 $ $ 9,000,000 $ 21,271,000 LIBRARY CONSTRUCTION FUND JJG LIBRARY EXPANSION LI1609 $ $ 9,500,000 $ $ $ $ $ $ $ $ 9,500,000 $ $ 9,500,000 $ $ $ $ $ $ $ $ 9,500,000 TOTAL LIBRARY CONSTRUCTION FUND $ $ 9,500,000 $ $ $ $ $ $ $ $ 9,500,000 PARKS CONSTRUCTION FUND PARKS CONSTRUCTION FINCH PARK PHASE IV PK1211 $ 58,029 $ 691,971 $ $ $ 1,250,000 $ $ $ $ $ 2,000,000 HIKE AND BIKE TRAIL CONSTRUCTION PK ,000 (460,000) 1,000, , ,000 2,020,000 PROSPER ISD NEIGHBORHOOD PARK PK ,000 1,295,000 2,000,000 GOLD STAR FAMILY MEMORIAL (VETERANS PK) PK ,000 20,000 5, ,000 PARK LAND ACQUISITION FY17 PK1701 2,300, ,000 2,800,167 FY17 18 MEDIAN ESCROW ZONE J PK ,000 90,000 FY17 18 MEDIAN ESCROW ZONE I PK , ,000 COTTONWOOD PARK REDEVELOPMENT PK , ,000 1,000,000 GRAY BRANCH COMMUNITY PARK PHASE I PK , ,000 3,000,000 4,435,333 Page 56

59 PROJ NO REVISED THRU FY17 INCL BA REVENUE BONDS BONDS (VOTER AUTHORIZED) SOURCE OF FUNDING (Total FY17 Adjustments and FY Plan) MCDC GENERAL FUND AIRPORT OPERATING FUND IMPACT FEES GRANTS PKLAND DED /MEDIAN ESCROW PREVIOUS RESOURCES DEV CONTRIB /DONATION TOTAL 5 YEAR PLAN AIRPORT CONSTRUCTION FUND AI1648 $ 334,033 $ $ $ $ $ $ $ $ $ $ $ 334,033 AI1705 6,300,000 6,300,000 AI ,000 67, ,000 AI1739 1,456,374 13,107,363 14,563,737 AI ,943, ,000 15,443,600 AI ,000 48, ,000 AI1742 4,500, ,000 5,000,000 AI3202 6,705,722 6,705,722 AI4315 1,150,000 1,150,000 AI4377 1,500,000 1,500,000 $ 15,989,755 $ $ $ $ $ 1,456,374 $ $ 33,585,963 $ $ 1,115,000 $ $ 52,147,092 $ 15,989,755 $ $ $ $ $ 1,456,374 $ $ 33,585,963 $ $ 1,115,000 $ $ 52,147,092 DRAINAGE IMPROVEMENT FUND CO1606 $ 125,000 $ $ $ $ $ $ $ $ $ $ $ 125,000 CO1703 $ 1,315,000 $ $ 1,315,000 $ 1,440,000 $ $ $ $ $ $ $ $ $ $ $ 1,440,000 DR1205 $ 430,000 $ $ $ $ $ $ $ $ $ $ $ 430,000 DR , ,000 DR , , ,000 DR ,529 18,529 DR , ,000 1,406,790 DR4319 5,100, ,000 2,800,000 8,000,000 DR5093 5,833,760 1,651,106 1,635 7,486,501 DR7158 4,665,800 (56,619) 4,609,181 $ 12,084,879 $ $ $ $ $ $ $ 6,751,106 $ $ 1,363,381 $ 2,801,635 $ 23,001,001 $ 13,524,879 $ $ $ $ $ $ $ 6,751,106 $ $ 1,363,381 $ 2,801,635 $ 24,441,001 FACILITIES IMPROVEMENT FUND FC1202 $ 6,000,000 $ $ $ $ $ $ $ $ $ $ $ 6,000,000 FC1611 1,500,000 (204,475) 1,295,525 FC , ,800 FC1708 1,250,000 1,250,000 FC ,750,000 10,750,000 FC2229 9,064,000 9,064,000 FC2239 2,300,000 2,300,000 FC4364 1,500,000 1,500,000 FI3244 1,085,505 1,085,505 $ 32,536,305 $ $ $ $ $ $ $ $ $ 1,045,525 $ $ 33,581,830 $ 32,536,305 $ $ $ $ $ $ $ $ $ 1,045,525 $ $ 33,581,830 FIRE IMPROVEMENT FUND FI1731 $ $ $ 4,500,000 $ $ $ $ $ $ $ $ $ 4,500,000 FI3244 7,071,000 7,071,000 FI4246 7,500,000 7,500,000 FI4312 2,200,000 2,200,000 $ 9,271,000 $ $ 12,000,000 $ $ $ $ $ $ $ $ $ 21,271,000 $ $ $ 9,271,000 $ $ 12,000,000 $ $ $ $ $ $ $ $ $ 21,271,000 LIBRARY CONSTRUCTION FUND LI1609 $ 9,500,000 $ $ $ $ $ $ $ $ $ $ $ 9,500,000 $ 9,500,000 $ $ $ $ $ $ $ $ $ $ $ 9,500,000 $ 9,500,000 $ $ $ $ $ $ $ $ $ $ $ 9,500,000 PARKS CONSTRUCTION FUND PK1211 $ 750,000 $ $ $ 1,250,000 $ $ $ $ $ $ $ $ 2,000,000 PK ,000 2,000,000 2,020,000 PK ,000 1,295,000 2,000,000 PK ,000 5, ,000 PK1701 2,300, ,000 2,800,167 PK ,000 90,000 PK , ,000 PK1737 1,000,000 1,000,000 PK ,333 3,500,000 4,435,333 Page 57

60 DRAFT PROJ NAME PROJ NO LIFE TO DATE BUDGET SPENT THRU FY16 UNSPENT PROJ BUDGET (EndingFY16 + AdoptedFY17) FY17 BUDGET AMENDMENTS USE OF FUNDING BY YEAR (ALL SOURCES) FY17 ADJUSTMENTS FY17 18 FY18 19 FY19 20 FY20 21 FY21 22 TOTAL 5 YEAR PLAN BOTANICAL COLLECTION PK2260 1,445 48,555 (48,555) 1,445 BONNIE WENK PARK PHASE II PK ,970 6,984, , ,000 8,391,031 FRISCO ISD NEIGHBORHOOD PARK (WESTRIDGE PK3224 2,425,000 2,425,000 COMMUNITY CENTER PATIO AND PLAYGROUNDPK , ,468 1,070,000 MEDIAN ESCROW LANDSCAPING PROJECTS PK ,804 5, , PROS MASTER PLAN PK ,369 57, ,000 PARKS ACCESSIBILITY PK , , , , , , ,000 1,650,000 COMEGY'S CREEK TR MALVERN ELEM/COMM C PK , ,265 90,000 1,133,000 DOUGLAS TRACT CONSTRUCTION (300 AC) PK ,000 2,719,000 3,000,000 6,419,000 NEIGHBORHOOD PARK CONST (4 10 AC SITES) PK ,000 1,210,000 1,210,000 2,541,000 RAUSCHHAUPT PK RESTROOM RENOVATION PK , ,000 1,000,000 TOWNE LAKE PARK RESTROOM RENOVATION PK , ,000 SENIOR CENTER EXP (15K SF NEW+23K SF) PK4394 1,500, ,000 2,179,000 1,321,000 5,500,000 GABE NESBITT TENNIS CTR EXPANSION PK ,232 6,698,768 7,000,000 COMMUNITY CENTER RENOVATION PK , ,000 1,000,000 OLD SETTLER'S RENOVATION PK , ,000 1,000,000 PARKS PROJECTS (UMBRELLA) PK , ,000 1,040,000 ROWLETT CREEK HIKE AND BIKE 121 PK , , , ,000 COMMUNITY CENTER PLAYGROUND PK , ,000 AQUATIC COMPLEX DESIGN & PHASE I CONST PK7102 2,772, ,974 (4,100) 3,044,677 WILSON CREEK HIKE/BIKE TRAIL PK , , , ,700 ROWLETT CREEK HIKE AND BIKE TRAIL PK , , , ,000 SONNTAG NEIGHBORHOOD/SCHOOL PARK PK9140 2,297,485 81,257 (6,705) 2,372,037 ERWIN PARK DEVELOPMENT PHASE I PK ,000 1,800,000 2,000,000 $ 7,486,450 $ 25,112,735 $ 481,256 $ 445,640 $ 7,475,000 $ 6,350,000 $ 5,500,000 $ 5,500,000 $ 7,300,000 $ 65,651,081 TOTAL PARKS CONSTRUCTION FUND $ 7,486,450 $ 25,112,735 $ 481,256 $ 445,640 $ 7,475,000 $ 6,350,000 $ 5,500,000 $ 5,500,000 $ 7,300,000 $ 65,651,081 STREET CONSTUCTION FUND COMBINED PROJECTS UPDATE ENG DESIGN/CONSTRUCTION DOCUMECO1606 $ 5,472 $ 119,528 $ $ $ $ $ $ $ $ 125,000 PEARSON FM WADDILL KENTUCKY CO , ,000 UTIL/ST REHAB E OF SH 5 CO ,000 30,000 ST REHAB S OF VIRGINIA CO ,000 20,000 ST REHAB N OF VIRGINIA CO , ,000 TOWN CENTER INFRASTRUCTURE IMPROVEMENCO4238 1,000,000 4,000,000 5,000,000 GATEWAY INFRASTRUCTURE IMPROVEMENTS CO4412 1,500,000 1,500,000 INFRA INITIATIVE COLE ST., BASS TO COLLEGE CO ,726 2,758,274 2,960,000 FIRE STATION #9 (LAKE FOREST & WILMETH) FI , ,000 $ 207,198 $ 4,677,802 $ 1,640,000 $ $ $ 1,000,000 $ 4,000,000 $ $ $ 11,525,000 FACILITY AGREEMENTS INDEPENDENCE PKWY PH5C FA1605 $ $ 48,208 $ $ $ $ $ $ $ $ 48,208 BOIS D ARC IMPROVEMENTS FA1621 1,000,000 1,000,000 TIMBERRIDGE/WILMETH FA , ,530 BLOOMRIDGE ADDITION TURN LANE ESCROW FA ,727 46,727 JEANS CREEK ESCROW FA ,000 90,000 COLLIN MCKINNEY PARKWAY FA , ,589 COLLIN MCKINNEY PARKWAY (STACY/VILLAGE PFA , ,000 FM543 FA4320 3,600,000 3,600,000 VILLAS@STACY ROW/EASEMENTS FA , , ,000 COUNTY RD 281 CONSTRUCTION FA , ,076 $ 10,903 $ 5,545,500 $ $ 46,727 $ $ $ $ $ $ 5,603,130 STREETS CONSTRUCTION SH5 IMPROVEMENTS PHASE 1 (TOWN CENTER) ST1216 $ $ 10,350,000 $ $ (10,350,000) $ $ 2,000,000 $ 7,500,000 $ $ $ 9,500,000 VIRGINIA PARKWAY LN 5 & 6 (BELLEGROVE US7 ST1219 1,473,891 11,068, ,000 12,662,674 VIRGINIA PARKWAY LN 5&6 (RIDGE BELLEGROV ST ,119 2,766,881 1,070,000 4,220,000 FM 546 REPLACEMENT CONSTRUCTION ST1232 1,226,551 95,723 1,322,274 REDBUD BLVD LANES 3&4 ST1612 1,200, ,000 1,900,000 MCLARRY DRIVE IMPROVEMENTS ST , , ,000 MCKINNEY RANCH PKWY CONSTRUCTION ST ,271 2,725,233 (600,000) 2,273,504 US380 AND AIRPORT INTERSECTION IMPROV ST , ,000 RIDGE RD FM US380 TO WILMETH ST1617 7,522,355 (5,522,355) 19,000,000 21,000,000 US380/HARDIN,WRIDGE/CUSTER,VIRG/RIDGE ST1618 2,000,000 1,000,000 3,000,000 STREET RECON(UMBRELLA) VAR LOCATIONS (10 YR PROJECT) ST1622 4,000,000 (1,640,000) 3,083,730 5,443,730 ACCESSIBILITY IMPROVEMENTS EASTSIDE ST , ,057 1,134,057 STONEBRIDGE DRIVE US 380 TO WILSON CREEK (ST 1616) ST1718 2,000,000 2,000,000 HARDIN BLVD LANES 5 & 6 (SH 121 MCKINNEY RANCH) ST ,443 1,585, ,000 2,300,000 STACY ROAD LANES 5&6 (CUSTER RIDGE) ST , ,073 ACCESSIBILITY IMPROVEMENTS FOR PROW (UMBRELLA) ST ,057 (634,057) 500,000 1,000,000 1,500,000 ARTERIAL CAPACITY IMPROV(COMMUNITY / WILMETH) ST4220 1,352, ,292 (9,019) 1,490,981 (UMBRELLA) ST4225 2,000,000 2,000,000 4,000,000 BLOOMDALE ROAD HARDIN/COMMUNITY ST4227 8,000,000 2,500,000 10,500,000 REALIGNMENT ST , ,523 Page 58

61 PROJ NO REVISED THRU FY17 INCL BA REVENUE BONDS BONDS (VOTER AUTHORIZED) SOURCE OF FUNDING (Total FY17 Adjustments and FY Plan) MCDC GENERAL FUND AIRPORT OPERATING FUND IMPACT FEES GRANTS PKLAND DED /MEDIAN ESCROW PREVIOUS RESOURCES DEV CONTRIB /DONATION TOTAL 5 YEAR PLAN PK ,000 (48,555) 1,445 PK3222 7,891, ,000 8,391,031 PK3224 2,425,000 2,425,000 PK4252 1,070,000 1,070,000 PK , ,691 PK , ,000 PK ,000 1,250,000 1,650,000 PK4326 1,133,000 1,133,000 PK4390 6,419,000 6,419,000 PK4391 2,541,000 2,541,000 PK4392 1,000,000 1,000,000 PK , ,000 PK4394 5,500,000 5,500,000 PK4396 7,000,000 7,000,000 PK4397 1,000,000 1,000,000 PK4398 1,000,000 1,000,000 PK4399 1,040,000 1,040,000 PK , ,000 PK , ,000 PK7102 3,048,777 (4,100) 3,044,677 PK , ,700 PK , , ,000 PK9140 2,378,742 (6,705) 2,372,037 PK ,000 1,800,000 2,000,000 $ 33,080,441 $ $ $ 27,495,900 $ $ $ $ $ 4,576,445 $ (1,705) $ 500,000 $ 65,651,081 $ 33,080,441 $ $ $ 27,495,900 $ $ $ $ $ 4,576,445 $ (1,705) $ 500,000 $ 65,651,081 STREET CONSTUCTION FUND CO1606 $ 125,000 $ $ $ $ $ $ $ $ $ $ $ 125,000 CO , ,000 CO ,000 30,000 CO ,000 20,000 CO , ,000 CO4238 5,000,000 5,000,000 CO4412 1,500,000 1,500,000 CO9151 2,960,000 2,960,000 FI , ,000 $ 6,525,000 $ $ 5,000,000 $ $ $ $ $ $ $ $ $ 11,525,000 FA1605 $ 48,208 $ $ $ $ $ $ $ $ $ $ $ 48,208 FA1621 1,000,000 1,000,000 FA , ,530 FA ,727 46,727 FA ,000 90,000 FA , ,589 FA , ,000 FA4320 3,600,000 3,600,000 FA , ,000 FA , ,076 $ 5,556,403 $ $ $ $ $ $ $ $ $ $ 46,727 $ 5,603,130 ST1216 $ 10,350,000 $ $ (850,000) $ $ $ $ $ $ $ $ $ 9,500,000 ST ,662,674 12,662,674 ST1231 4,220,000 4,220,000 ST1232 1,322, ,000 (700,000) 1,322,274 ST1612 1,200, , ,000 1,900,000 ST , , ,000 ST1614 2,273,504 2,273,504 ST , ,000 ST1617 7,522,355 17,000,000 (3,000,000) (522,355) 21,000,000 ST1618 2,000,000 1,000,000 3,000,000 ST1622 2,360,000 3,000,000 83,730 5,443,730 ST , ,057 1,134,057 ST1718 1,000,000 1,000,000 2,000,000 ST3211 2,300,000 2,300,000 ST , ,073 ST ,057 1,500,000 (634,057) 1,500,000 ST4220 1,500,000 (9,019) 1,490,981 ST4225 4,000,000 4,000,000 ST4227 8,000, ,000 2,350,000 10,500,000 ST , ,523 Page 59

62 DRAFT PROJ NAME PROJ NO LIFE TO DATE BUDGET SPENT THRU FY16 UNSPENT PROJ BUDGET (EndingFY16 + AdoptedFY17) FY17 BUDGET AMENDMENTS USE OF FUNDING BY YEAR (ALL SOURCES) FY17 ADJUSTMENTS FY17 18 FY18 19 FY19 20 FY20 21 FY21 22 TOTAL 5 YEAR PLAN ROADWAY IMPACT FEE UPDATE 2018 ST , ,000 LAUD HOWELL PARKWAY ST ,938 21,256,062 (12,150,000) 12,700,000 22,400,000 MODIFICATIONS ST ,207 2,476,794 2,500,000 AIRPORT EXTENSION ST4372 1,500,000 1,500,000 DEVELOPMENT CATALYST PROJECT ST4375 1,610,000 (1,500,000) 2,700,000 2,000,000 4,810,000 HARDIN RD RETAINING WALL ST , , ,000 TRINITY FALLS PKWY LN 3&4 ST , , ,000 LAKE FOREST DRIVE (WILMETH BLOOMDALE) ST6093 1,307,093 3,900,637 (296,003) 4,911,727 ROW ST9115 2,647,767 1,212,232 59, ,000 4,000,000 8,609,823 $ 9,379,126 $ 87,692,063 $ (450,000) $ (23,467,553) $ 40,673,730 $ 11,000,000 $ 7,500,000 $ $ $ 132,327,366 TRAFFIC IMPROVEMENTS TRAFFIC CALMING TR0214 $ 127,420 $ 122,580 $ $ $ $ $ $ $ $ 250,000 TRAFFIC SIGNALIZATION (UMBRELLA) TR0220 4, ,520 2,500,000 3,350,000 TRAFFIC SIGNALIZATION SH5 TR ,567 44,567 TRANS ALTERNATIVES PROG (TAPS) SAFETY ACCESS TO SCHOOLS TR , ,695 TRAFFIC SIGNAL CONSTRUCTION TR1620 1,300,000 (350,000) 950,000 CUSTER/SILVERADO TR LIGHT TR , ,000 TRAFFIC SIGNAL VIDEO UPGRADES (CITYWIDE) TR , ,135 (220,000) 420,000 TRAFFIC SIGNAL CONTROLLER UPGRADE TR , ,000 FIBER RING EXTENSION (ALMA/EL DORADO TR ,000 (726) 179,274 FIBER OPTIC/INTELLIGENT TRANSPORTATION SYSTEMS PHASE 2 TR , ,573 1,500,000 2,131,628 $ 596,820 $ 4,226,070 $ $ (220,726) $ $ 4,000,000 $ $ $ $ 8,602,164 TOTAL STREET CONSTUCTION FUND $ 10,194,048 $ 102,141,434 $ 1,190,000 $ (23,641,552) $ 40,673,730 $ 16,000,000 $ 11,500,000 $ $ $ 158,057,660 UTILITY CONSTRUCTION FUND COMBINED PROJECTS UPDATE ENG DESIGN/CONSTRUCTION DOCUMENTS CO1606 $ 2,224 $ 122,776 $ $ $ $ $ $ $ $ 125,000 PEARSON FM WADDILL KENTUCKY CO , ,000 UTIL/ST REHAB E OF SH 5 CO , ,000 ST REHAB S OF VIRGINIA CO , ,000 ST REHAB N OF VIRGINIA CO1706 5,010,000 5,010,000 GATEWAY INFRASTRUCTURE IMPROVEMENTS CO , ,000 INFRASTRUCTURE INITIATIVE COLE ST., BASS TO COLLEGE CO , , ,000 1,000,000 FIRE STATION #9 (LAKE FOREST & WILMETH) FI , ,000 $ 42,214 $ 722,786 $ 7,315,000 $ $ $ $ $ $ $ 8,080,000 FACILITY AGREEMENTS HIGHLANDS LAKE DEV EASEMENT FA1601 $ $ 200,000 $ $ $ $ $ $ $ $ 200,000 COLLIN MCKINNEY PARKWAY FA ,906 98,906 CLEMON CK INTERCEPTOR METERING STAT(WILLOWWOOD) FA ,000 30,000 WILMETH RIDGE ROW/EASEMENTS FA , , ,000 COUNTY RD 281 CONSTRUCTION FA ,694 15,694 CRWC LANDFILL W/WW FA , ,822 $ 30,007 $ 885,415 $ $ $ $ $ $ $ $ 915,422 WATER IMPROVEMENTS LINE WA0210 $ $ $ $ $ 800,000 $ 1,490,000 $ $ $ $ 2,290,000 SERVICE LINE REPL RESID 10 YR(2016) WA , , , , ,000 1,800,000 BLOOMDALE RD PUMP STATION TRANSMISSION LINE (794PP) WA1624 5,000, ,000 5,670,000 UNIVERSITY PUMP STATION 920 PP PUMP WA1625 1,000,000 15,000 1,015,000 IMPROV WA1626 2,000,000 75, ,000 2,225,000 SUBSTANDARD WATER MAINS STREET REPLACE (UMBRELLA) WA ,000 (520,000) WATER STORAGE TANK MT (PUBLIC WORKS INSPECTION LIST) WA1629 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 5,000,000 CUSTER RD UTILITY RELOCATIONS (ST9115) WA1630 3,200,000 7,335,000 10,535,000 STONEBRIDGE WATER LINE FM US380 TO FM PP WA1631 4,400,000 12,235,000 16,635,000 STONEBRIDGE WATER LINE FM US380 TO FM PP WA ,000 7,185,000 8,135,000 SH5 UTILITY RELOCATIONS PH1 (TOWN CENTER ST1216) WA1633 6,135,000 6,135,000 AC WATER MAIN REPLACEMENTS (15 YR PLAN $33M BEGIN FY20) WA1639 2,200,000 2,200,000 2,200,000 6,600,000 IMPROVEMENTS WA1713 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 5,000,000 STACY ROAD ELEVATED STORAGE TANK WA , ,000 MCKINNEY EAST ELEVATED STORAGE TANK WA , ,000 LOOP WA ,235,000 10,235,000 HARDIN NORTH WATER LINE II OVERSIZE REIMBURSEMENT WA ,000 (800,000) WATER MASTER PLAN WA ,099 9, ,000 MISC UTIL ADJ FOR TXDOT C WA , , ,000 WATER MASTER PLAN 2018 WA , ,000 1,220,000 SCADA CONTROLLED VALVE WA ,496 49, ,000 Page 60

63 PROJ NO REVISED THRU FY17 INCL BA REVENUE BONDS BONDS (VOTER AUTHORIZED) SOURCE OF FUNDING (Total FY17 Adjustments and FY Plan) MCDC GENERAL FUND AIRPORT OPERATING FUND IMPACT FEES GRANTS PKLAND DED /MEDIAN ESCROW PREVIOUS RESOURCES DEV CONTRIB /DONATION TOTAL 5 YEAR PLAN ST , ,000 ST ,850, ,000 22,400,000 ST4334 2,500,000 2,500,000 ST4372 1,500,000 1,500,000 ST4375 1,610,000 3,200,000 4,810,000 ST , ,000 ST , ,000 ST6093 5,207,730 (212,273) (83,730) 4,911,727 ST9115 3,859,999 3,700, ,000 59,824 8,609,823 $ 96,621,189 $ $ 29,100,000 $ $ $ $ 2,200,000 $ $ $ 1,868,708 $ (462,531) $ 132,327,366 TR0214 $ 250,000 $ $ $ $ $ $ $ $ $ $ $ 250,000 TR ,000 2,500,000 3,350,000 TR ,567 44,567 TR , ,695 TR , ,000 TR , ,000 (300,000) 350,000 TR ,000 (220,000) 420,000 TR , ,000 TR ,000 (726) 179,274 TR ,628 1,500,000 2,131,628 $ 4,822,890 $ $ 4,000,000 $ $ $ $ 300,000 $ $ $ (520,726) $ $ 8,602,164 $ 113,525,482 $ $ 38,100,000 $ $ $ $ 2,500,000 $ $ $ 1,347,982 $ (415,804) $ 158,057,660 UTILITY CONSTRUCTION FUND CO1606 $ 125,000 $ $ $ $ $ $ $ $ $ $ $ 125,000 CO1703 $ 870,000 $ $ 870,000 CO1704 $ 445,000 $ $ 445,000 CO1705 $ 330,000 $ $ 330,000 CO1706 $ 5,010,000 $ $ 5,010,000 CO4412 $ 200, ,000 CO9151 1,000,000 1,000,000 FI , ,000 $ 8,080,000 $ $ $ $ $ $ $ $ $ $ $ 8,080,000 FA1601 $ 200,000 $ $ $ $ $ $ $ $ $ $ $ 200,000 FA ,906 98,906 FA ,000 30,000 FA , ,000 FA ,694 15,694 FA , ,822 $ 915,422 $ $ $ $ $ $ $ $ $ $ $ 915,422 WA0210 $ $ $ $ $ $ $ 2,290,000 $ $ $ $ 2,290,000 WA ,000 1,200,000 1,800,000 WA1624 5,000, ,000 5,670,000 WA1625 1,000,000 15,000 1,015,000 WA1626 2,075, ,000 2,225,000 WA ,000 (520,000) WA1629 1,000,000 4,000,000 5,000,000 WA ,535,000 10,535,000 WA ,435,000 1,200,000 16,635,000 WA1632 8,135,000 8,135,000 WA1633 6,135,000 6,135,000 WA1639 6,600,000 6,600,000 WA1713 5,000,000 5,000,000 WA , ,000 WA , ,000 WA ,235,000 10,235,000 WA ,000 (600,000) (200,000) WA , ,000 WA , ,000 WA , ,000 1,220,000 WA , ,000 Page 61

64 DRAFT PROJ NAME PROJ NO LIFE TO DATE BUDGET SPENT THRU FY16 UNSPENT PROJ BUDGET (EndingFY16 + AdoptedFY17) FY17 BUDGET AMENDMENTS USE OF FUNDING BY YEAR (ALL SOURCES) FY17 ADJUSTMENTS FY17 18 FY18 19 FY19 20 FY20 21 FY21 22 TOTAL 5 YEAR PLAN US 380 WATER LINE CONNECTIONS EASEMENT SETTLEMENT WA , ,000 REBUD BLVD 12" H2O LINE WA , , ,000 CLUB LAKE 8 INCH WATER LINE LOOP WA , ,459 85, ,000 MISCELLANEOUS UTILITY ADJUSTMENTS WA , , , , , ,000 SUBSTANDARD MAINS (UMBRELLA) WA4336 4,045,000 (2,880,000) 4,600,000 4,600,000 4,600,000 4,600,000 4,600,000 24,165,000 UNDESIGNATED OVERSIZE PARTICIPATION WA , , , , ,000 2,100,000 LOOP WA4339 1,300,000 2,790,000 4,090,000 BLOOMDALE PUMP STATION TRANSMISSION LINE (850 PP) WA4340 5,100,000 2,135,000 7,235,000 FM 546 WATER LINE WA ,000 (200,000) 2,000,000 4,135,000 6,135,000 GERRISH ST PUMP STATION IMPROVEMENTS WA , ,524 (93,538) 906,462 WILLOWWOOD EASEMT/ROW WA , , ,000 WATER LINE CONDITION ASSESSMENTS WA4401 1,600,000 1,600,000 DEVELOPMENT CATALYST (WATER) WA4402 2,000,000 2,000,000 2,000,000 2,000,000 8,000,000 FM 546 UTILITY RELOCATIONS WATER WA ,447 90,553 (27,060) 337,940 US 380 WATERLINE IMPROVEMENTS WA4415 4,600, ,000 4,735,000 WATER SYSTEM FACILITIES LAND ACQUISITION WA4416 1,000,000 1,000,000 RIDGE ROAD WATER SYSTEM FACILITIES LAND ACQUISITION WA5067 1,000,000 (1,000,000) UNIVERSITY PUMP STATION 10 MG GROUND STORAGE TANK WA6116 7,355,051 1,014,949 (160,000) 8,210,000 DEVELOPMENT WA ,340 27,080,660 27,400,000 TANK WA9117 5,095, ,055 (29,495) 5,794,330 VIRGINIA WATER MAIN FROM DOGWOOD TRAIL TO US 75 WA , , ,000 1,045,000 VIRGINIA WATER MAIN (MALLARD LAKES HARDIN) WA ,424 53,576 (2,468) 397,532 $ 14,658,481 $ 58,943,344 $ (2,605,000) $ 432,439 $ 18,950,000 $ 45,470,000 $ 19,260,000 $ 11,525,000 $ 23,335,000 $ 189,969,264 WASTEWATER IMPROVEMENTS INTERCHANGE ST CIPP LINER 10/12" WW1604 $ 184,676 $ 20,324 $ $ (20,324) $ $ $ $ $ $ 184,676 US75 & SRT LIFT STATION/FORCE MAIN/GRAVITY LINE WW1623 3,600,000 (660,000) 2,940,000 SUBSTANDARD WW MAINS STREET REPLACEMENTS (UMBRELLA) WW ,000 (420,000) SH5 UTILITY RELOCATIONS PH1 (TOWN CENTER ST1216) WW1634 6,700,000 6,700,000 RUTHERFORD BRANCH LIFT/PUMP STATION CAPACITY IMPRV WW , ,000 HONEY CREEK SS TRU7NK MAIN TO MH HC124 WW ,000 5,000,000 10,135,000 15,885,000 FRANKLIN BRANCH SANITARY SEWER (CITY PARTICIPATION) WW1717 4,035,000 4,035,000 WASTEWATER MASTER PLAN 2013 WW ,971 39, ,000 IMPROVEMENTS WW , , ,000 AERIAL WASTEWATER CROSSING REPLACEMENT JEANS CREEK WW , , , , ,000 WASTEWATER MASTER PLAN 2018 WW , ,000 1,220,000 OVERSIZE PARTICIPATION BLOOMDALE (TUCKER HILL) WW4213 2,000, ,000 2,935,000 OVERSIZE PARTICIP GRAVITY SEWER MAIN FROM LIFT STAT H WW ,000 (970,000) 1,970,000 1,970,000 IMPROVEMENTS WW , , ,000 1,200,000 SUBSTANDARD MAINS WW ,525 6,511,475 (4,053,000) 4,900,000 4,900,000 4,900,000 4,900,000 4,900,000 27,067,000 INFLOW INFILTRATION PROJECTS WW , , ,000 1,900,000 MISCELLANEOUS UTILITY ADJUSTMENTS WW , , , , , , ,000 UNDESIGNATED OVERSIZE PARTICIPATION WW , , , , ,000 1,800,000 STONEBRIDGE LIFT STATION ABANDONMENT WW ,000 (800,000) 800,000 1,890,000 2,690,000 LINE WW ,253 1,222,747 (260,350) 1,059,650 ASSESSMENTS WW4404 1,400,000 1,400,000 DEVELOPMENT CATALYST (SANITARY SEWER) WW4405 2,000,000 2,000,000 2,000,000 2,000,000 8,000,000 FM 546 UTILITY RELOCATIONS WASTEWATER WW , ,876 (273,983) 151,017 $ 1,010,061 $ 19,702,939 $ (4,435,000) $ (1,609,657) $ 12,855,000 $ 15,480,000 $ 25,210,000 $ 7,325,000 $ 8,650,000 $ 84,188,343 TOTAL UTILITY CONSTRUCTION FUND $ 15,740,763 $ 80,254,484 $ 275,000 $ (1,177,218) $ 31,805,000 $ 60,950,000 $ 44,470,000 $ 18,850,000 $ 31,985,000 $ 283,153,029 GRAND TOTAL $ 46,243,843 $ 258,120,510 $ 19,333,756 $ (21,731,483) $ 80,353,730 $ 85,658,000 $ 69,528,312 $ 38,487,425 $ 71,808,600 $ 647,802,692 TOTALS BY FUND (2) (2) Airport Construction $ 5,934,530 $ 3,754,525 $ 6,300,700 $ $ $ 438,000 $ 6,058,312 $ 14,137,425 $ 15,523,600 $ 52,147,092 Drainage Construction 4,499,916 9,024,963 1,596, , , ,000 8,000,000 24,441,001 Facilities Improvements 879,566 20,569,939 11,086,800 1,045,525 33,581,830 Fire Improvements 1,508,571 7,762,429 1,500,000 1,500,000 9,000,000 21,271,000 Library Construction 9,500,000 9,500,000 Parks Construction 7,486,450 25,112, , ,640 7,475,000 6,350,000 5,500,000 5,500,000 7,300,000 65,651,081 Street Construction 10,194, ,141,434 1,190,000 (23,641,552) 40,673,730 16,000,000 11,500, ,057,660 Utility Construction 15,740,763 80,254, ,000 (1,177,218) 31,805,000 60,950,000 44,470,000 18,850,000 31,985, ,153,029 $ 46,243,843 $ 258,120,510 $ 19,333,756 $ (21,731,483) $ 80,353,730 $ 85,658,000 $ 69,528,312 $ 38,487,425 $ 71,808,600 $ 647,802,692 Page 62

65 PROJ NO REVISED THRU FY17 INCL BA REVENUE BONDS BONDS (VOTER AUTHORIZED) SOURCE OF FUNDING (Total FY17 Adjustments and FY Plan) MCDC GENERAL FUND AIRPORT OPERATING FUND IMPACT FEES GRANTS PKLAND DED /MEDIAN ESCROW PREVIOUS RESOURCES DEV CONTRIB /DONATION TOTAL 5 YEAR PLAN WA , ,000 WA , ,000 WA , ,000 WA , , ,000 WA4336 1,165,000 23,000,000 24,165,000 WA ,000 1,200,000 2,100,000 WA4339 4,090,000 4,090,000 WA4340 5,100, ,000 1,495,000 7,235,000 WA ,000 6,135,000 (200,000) 6,135,000 WA4342 1,000,000 (93,538) 906,462 WA , ,000 WA4401 1,600,000 1,600,000 WA4402 8,000,000 8,000,000 WA ,000 (74,575) 47, ,940 WA4415 4,600, ,000 4,735,000 WA4416 1,000,000 1,000,000 WA5067 1,000,000 (280,000) (720,000) WA6116 8,210,000 8,210,000 WA ,400,000 27,400,000 WA9117 5,823,825 (29,495) 5,794,330 WA9145 1,045,000 1,045,000 WA ,000 (2,468) 397,532 $ 70,996,825 $ 115,470,000 $ $ $ $ $ 2,380,505 $ (74,575) $ $ 1,196,509 $ $ 189,969,264 WW1604 $ 205,000 $ $ $ $ $ $ $ $ $ (20,324) $ $ 184,676 WW1623 2,940,000 2,940,000 WW ,000 (420,000) WW1634 6,700,000 6,700,000 WW , ,000 WW ,885,000 15,885,000 WW1717 4,035,000 4,035,000 WW , ,000 WW , ,000 WW , , ,000 WW , ,000 1,220,000 WW4213 2,000, ,000 2,935,000 WW ,000 1,970,000 (970,000) 1,970,000 WW4348 1,200,000 1,200,000 WW4350 2,567,000 24,500,000 27,067,000 WW ,000 1,300,000 1,900,000 WW , , ,000 WW ,000 1,200,000 1,800,000 WW ,000 1,890,000 2,690,000 WW4366 1,320,000 (260,350) 1,059,650 WW4404 1,400,000 1,400,000 WW4405 8,000,000 8,000,000 WW ,000 (165,953) (108,030) 151,017 $ 16,278,000 $ 66,410,000 $ $ $ $ $ 1,890,000 $ (165,953) $ $ (1,158,704) $ 935,000 $ 84,188,343 $ 96,270,247 $ 181,880,000 $ $ $ $ $ 4,270,505 $ (240,528) $ $ 37,805 $ 935,000 $ 283,153,029 GRAND TOTAL $ 323,698,108 $ 181,880,000 $ 50,100,000 $ 27,495,900 $ $ 1,456,374 $ 6,770,505 $ 40,096,541 $ 4,576,445 $ 4,907,988 $ 3,820,831 $ 647,802,692 TOTALS BY FUND 15,989,755 1,456,374 33,585,963 1,115,000 $ 52,147,092 13,524,879 6,751,106 1,363,381 2,801,635 24,441,001 32,536,305 1,045,525 33,581,830 9,271,000 12,000,000 21,271,000 9,500,000 9,500,000 33,080,441 27,495,900 4,576,445 (1,705) 500,000 65,651, ,525,482 38,100,000 3,000,000 2,500,000 1,347,982 (415,804) 158,057,660 96,270, ,880,000 4,270,505 (240,528) 37, , ,153,029 $ 323,698,108 $ 181,880,000 $ 50,100,000 $ 27,495,900 $ 3,000,000 $ 1,456,374 $ 6,770,505 $ 40,096,541 $ 4,576,445 $ 4,907,988 $ 3,820,831 $ 647,802,692 Page 63

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67 COMPONENT UNITS Combined Budget Summary Authorized Positions 12-McKinney Convention & Visitors Bureau 59-McKinney Economic Development Corporation o 45-MEDC Debt Service Fund o 46-MEDC Bond Reserve Fund 60-McKinney Community Development Corporation 74-McKinney Housing Finance Corporation Page 65

68 COMBINED BUDGET SUMMARY FY Estimated Estimated Fund Balance Total Total Net Fund Balance Fund Fund Title 9/30/2017 Revenues Expenditures Inc/(Dec) 9/30/ MCVB $ 61,786 $ 674,410 $ 724,994 $ (50,584) $ 11, MEDC Debt Service 72,481 2,307,618 2,312,218 (4,600) 67, MEDC Bond Reserve 1,536,555 16,000-16,000 1,552, MEDC 28,043,900 13,757,272 11,782,717 1,974,555 30,018, MCDC 28,975,992 13,802,272 10,422,065 3,380,207 32,356, MHFC 143,417 15,000 68,650 (53,650) 89,767 Total Component Units $ 58,834,131 $ 30,572,572 $ 25,310,644 $ 5,261,928 $ 64,096,059 AUTHORIZED POSITIONS Difference COMPONENT UNITS Rev Bud 2018 Proposed 2017 to 2018 MCVB MEDC MCDC TOTAL COMPONENT UNITS MCKINNEY CONVENTION & VISITORS BUREAU STATEMENT OF AND EXPENDITURES FY FY FY FY FY Interest Income $ 340 $ 126 $ 150 $ 150 $ 150 Other Income 4,003 2,697 3,000 3,000 4,260 Transfers from Hotel/Motel Fund 355, , , , ,000 Total Revenues $ 359,343 $ 459,093 $ 613,150 $ 613,150 $ 674,410 EXPENDITURES Personnel $ 279,123 $ 298,996 $ 384,060 $ 358,534 $ 402,802 Supplies 8,657 12,714 13,720 14,420 13,720 Maintenance 899 9,500 9, Services/Sundry 260, , , , ,472 Capital Total Expenditures $ 549,355 $ 550,171 $ 652,913 $ 637,887 $ 724,994 NET INCOME (190,012) (91,079) (39,763) (24,737) (50,584) BEGINNING FUND BALANCE 367, ,601 66,933 86,523 61,786 ENDING FUND BALANCE $ 177,601 $ 86,523 $ 27,170 $ 61,786 $ 11,202 FUND SUMMARY The McKinney Convention and Visitors Bureau (MCVB) strives to bring visitors to the community to generate economic impact by promoting and developing McKinney as a destination for business and leisure travelers. The MCVB works with individuals, tour operators, brides, reunion groups, meeting and event planners, travel writers and other journalists and our tourism partners (attractions, hotels, restaurants and cultural venues) to help visitors enjoy their time in McKinney. The MCVB s operations are funded by the City s Hotel/Motel Tax levy. Page 66

69 59-MCKINNEY ECONOMIC DEVELOPMENT CORPORATION STATEMENT OF AND EXPENDITURES FY FY FY FY FY Sales Taxes $ 10,818,246 $ 11,697,417 $ 10,750,000 $ 12,831,201 $ 13,482,272 Interest Income 18, ,472 75, , ,000 Other Operating Income 262,733 20, Sale of Land 1,410, Transfers from Other Funds Total Revenues $ 12,509,478 $ 11,826,214 $ 10,825,300 $ 13,106,201 $ 13,757,272 EXPENDITURES Personnel $ 1,064,149 $ 705,673 $ 878,820 $ 967,867 $ 1,102,672 Supplies 44,508 32,022 58,000 58,000 33,700 Maintenance 577 3,885 29,000 29,000 2,000 Services/Sundry 4,075,175 4,938,068 10,686,600 15,526,200 10,644,345 Capital 217, Transfers to Other Funds Total Expenditures $ 5,402,268 $ 5,679,648 $ 11,652,420 $ 16,581,067 $ 11,782,717 NET INCOME 7,107,210 6,146,566 (827,120) (3,474,866) 1,974,555 BEGINNING FUND BALANCE 18,264,990 25,372,200 24,567,555 31,518,766 28,043,900 ENDING FUND BALANCE $ 25,372,200 $ 31,518,766 $ 23,740,436 $ 28,043,900 $ 30,018,455 FUND SUMMARY The McKinney Economic Development Corporation (MEDC) was created in 1993 to support the development, expansion and relocation of new and existing companies. The MEDC is an organization with a mission to work to create an environment in which community-oriented businesses can thrive. MEDC is primarily funded with the levy of a one-half cent sales tax. 45-MEDC DEBT SERVICE FUND INCOME STATEMENT FY FY FY FY FY Interest Income $ 992 $ 865 $ 900 $ 500 $ 500 Bond Proceeds ,020,000 - Transfers from Other Funds 2,396,737 2,396,937 2,405,887 2,481,408 2,307,118 Total Revenues $ 2,397,729 $ 2,397,802 $ 2,406,787 $ 9,501,908 $ 2,307,618 EXPENSES Principal $ 1,759,159 $ 1,802,001 $ 1,854,921 $ 1,854,921 $ 1,962,920 Interest 637, , , , ,198 Bond Advance Refunding ,020,000 - Paying Agent Fees/Other 1,100 1,100 1,100 5,100 5,100 Total Expenses $ 2,397,837 $ 2,398,037 $ 2,406,987 $ 9,430,987 $ 2,312,218 NET INCOME (108) (235) (200) 70,921 (4,600) BEGINNING CASH & INVESTMENTS 1,903 1,795 1,595 1,560 72,481 ENDING CASH & INVESTMENTS $ 1,795 $ 1,560 $ 1,395 $ 72,481 $ 67, MEDC BOND RESERVE FUND INCOME STATEMENT FY FY FY FY FY Interest Income $ 2,070 $ 8,045 $ 6,200 $ 13,000 $ 16,000 Bond Proceeds Total Revenues $ 2,070 $ 8,045 $ 6,200 $ 13,000 $ 16,000 EXPENSES Transfers - MEDC Debt Service Fund $ - $ - $ - $ 75,521 $ - Total Expenses $ - $ - $ - $ 75,521 $ - NET INCOME 2,070 8,045 6,200 (62,521) 16,000 BEGINNING CASH & INVESTMENTS 1,588,961 1,591,031 1,597,231 1,599,076 1,536,555 ENDING CASH & INVESTMENTS $ 1,591,031 $ 1,599,076 $ 1,603,431 $ 1,536,555 $ 1,552,555 Page 67

70 60-MCKINNEY COMMUNITY DEVELOPMENT CORP STATEMENT OF AND EXPENDITURES FY FY FY FY FY Sales Tax $ 10,818,246 $ 11,697,417 $ 10,750,000 $ 12,831,201 $ 13,482,272 Bond Proceeds 24,270, Interest Income 86, , , , ,000 Other Income Total Revenues $ 35,175,192 $ 11,917,758 $ 10,929,000 $ 13,151,201 $ 13,802,272 EXPENDITURES Personnel $ 191,054 $ 182,531 $ 223,743 $ 222,908 $ 253,278 Supplies 6,103 4,488 15,550 15,550 15,550 Maintenance - - 3,000 3,000 3,000 Services/Sundry 1,866,170 4,143,953 4,614,436 5,863,641 4,275,237 Capital 2,316,532 25,102,729-5,680,154 - Transfers to Other Funds 1,720,177 2,864,535 5,875,000 13,375,809 5,875,000 Total Expenditures $ 6,100,036 $ 32,298,236 $ 10,731,729 $ 25,161,062 $ 10,422,065 NET INCOME 29,075,156 (20,380,478) 197,271 (12,009,861) 3,380,207 BEGINNING FUND BALANCE 32,291,175 61,366,331 22,998,734 40,985,853 28,975,992 ENDING FUND BALANCE $ 61,366,331 $ 40,985,853 $ 23,196,005 $ 28,975,992 $ 32,356,199 FUND SUMMARY The McKinney Community Development Corporation is an organization with a mission to promote and preserve the quality of life in McKinney. It was established in 1996 when McKinney voters approved a one-half cent sales tax to be used to enhance McKinney's aesthetic, cultural and leisure amenities. 74-MCKINNEY HOUSING FINANCE CORPORATION INCOME STATEMENT FY FY FY FY FY Interest Income $ 207 $ 208 $ 200 $ 100 $ - Other Income 14,671 64,509 8,700 8,700 15,000 Total Revenues $ 14,878 $ 64,718 $ 8,900 $ 8,800 $ 15,000 EXPENSES Supplies $ 18 $ 18 $ 250 $ 250 $ 250 Services/Sundry 29,780 8,657 68,400 68,400 68,400 Total Expenses $ 29,798 $ 8,675 $ 68,650 $ 68,650 $ 68,650 NET INCOME (14,920) 56,042 (59,750) (59,850) (53,650) BEGINNING CASH & INVESTMENTS 162, , , , ,417 ENDING CASH & INVESTMENTS $ 147,225 $ 203,267 $ 76,525 $ 143,417 $ 89,767 Page 68

71 APPENDICES A. Authorized Positions B. Supplemental Request List C. Fee Changes Page 69