2nd Quarter

State of Finances Snapshot FY2011-2012

For the Quarter Ending March 31, 2012

May 14, 2012

CITY OF PEARLAND

2

MAJOR FUND SUMMARIES

GENERAL FUND WATER & SEWER FUND PEDC FUND

3

GENERAL FUND REVENUE SUMMARY REVENUES FY 2012

BUDGET FY 2012

ACTUAL-TO-DATE FY 2012

% OF BUDGET FY 2011

ACTUAL-T0-DATE

Property Tax $10,840,389 $10,225,016 94.3% $10,201,562 Sales & Use Tax $13,631,831 $7,101,038 52.1% $6,643,018 Franchise Fees $5,361,910 $2,497,901 46.6% $2,407,436 Licenses & Permits $1,791,529 $960,661 53.6% $762,908 Fines & Forfeitures $2,851,290 $1,562,468 54.8% $1,380,005 Charges for Services $11,292,491 $8,354,684 74.0% $7,668,456 Miscellaneous $342,904 $280,323 81.7% $231,269 Sub-Total $46,112,344 $30,982,091 67.2% $29,294,654 Transfers In $3,801,744 $1,690,861 44.5% $1,518,567 Other Financing Sources $1,240,165 $0 0.0% $417,921 TOTAL REVENUE $51,154,253 $32,672,952 63.9% $31,231,142 Excluding Transfers In and Other Financing Sources, revenues are 67.2% of budget. Exceeds 50%, or 6 months of activity. Property Taxes – Actual collections through March for General Fund current property tax – 94.7% vs. 94.2% last year. Budget based on a 98% collection rate. Sales Tax Collection (Actual) – 52.8% of General Fund budget (mix drink tax not included). Oct. – March totals $7,128,669 which is 6.5% greater than the year-to-date budget of $6,695,352 and $597,607 or 9.2% greater than the actual receipts from last year. License & Permits – Licenses & Permits total $960,661 and are 53.6% of budget. This is an increase of $197,753 from March 2011. Building Permits reflects greater residential permits compared to last year –406 SF permits issued through March 2012 compared to 312 issued through March 2011, and 43 commercial permits vs. 9 last year. Fines & Forfeitures – Greater than last year by $182,463. Number of charges increased by 1,859 and warrants cleared increased by 125. Guilty pleas increased 14%, charges dropped by 8%. Charges for Services – Collection at 74.0% attributable to TIRZ Administration Fees. Ambulance fees up $158K. Miscellaneous – At 81.7% of budget. $49,054 greater than March 2011 due to sale of easements and recycle revenue.

4

EXPENDITURES FY 2012 BUDGET

FY 2012 ACTUAL-TO-DATE

FY 2012 % OF BUDGET


General Government $7,499,270 $3,748,453 50.0% $4,129,716 Public Safety $26,236,435 $12,469,521 47.5% $11,469,314 Community Services $4,049,829 $2,049,716 50.6% $1,552,091 Public Works $6,066,481 $2,126,207 35.0% $2,975,565 Parks & Recreation $7,426,030 $3,033,679 40.9% $3,297,259 Total Operating Expenditures $51,278,045 $23,427,576 45.7% $23,423,945 Transfers Out $1,058,162 $529,082 50.0% $372,234 TOTAL EXPENDITURES $52,336,207 $23,956,658 45.8% $23,796,179

Expenditures of $24.0M are 45.8% of budget and include some items budgeted last fiscal year that were in process at year-end and paid this fiscal year. Total expenditure carryovers are $790,748 approved by Council in January.

General Government – 50.0% of budget. Lower than last year. CBL Paid off.

Public Safety – Higher than last year due to full year operation of Fire Station #5, fewer police officer vacancies and the purchase of 12 police cars. Purchase of fire truck remains outstanding.

Community Service– Higher than last year due to department restructuring of divisions that includes Engineering and IVR for Permits.

Public Works – Decreased from last year due department restructuring of divisions that includes Engineering.

Parks & Recreation – Decreased by $263,580 due to reduced expenses for HHW, salary savings due to vacancies and elimination of Bailey Rd. after-school program.

GENERAL FUND EXPENDITURE SUMMARY

GENERAL FUND REVENUE PROJECTION “PRELIMINARY”

5

Budget Projection Variance

FY2012 $51,154,253 $52,734,630 $1,580,377

Sales Tax $13,491,831 $14,169,395 $677,564

Licenses and Permits $1,791,529 $2,615,263 $823,734

Fines & Forfietures $2,851,290 $2,999,214 $147,924

Charges for Services $11,292,491 $11,528,281 $235,790

Franchise Fees $5,361,910 $5,628,807 $266,897

Budgeted to end year at $13.3 million; $5.0 million over policy. Amounts over policy can only be used for non-recurring expenditures, such as Capital purchases and improvements.

6

WATER SEWER FUND REVENUE SUMMARY

REVENUES FY 2012 BUDGET


FY 2012 % OF BUDGET

FY 2011 ACTUAL-T0-DATE

Sale of Water $14,448,224 $6,981,880 48.3% $6,021,845 Sewer Revenues $10,496,337 $5,559,782 53.0% $5,119,378 Other Service Charges $1,350,294 $619,401 45.9% $633,453 Interest Income $23,577 $5,196 22.0% $17,577 Intergovernmental $348,000 Other Misc. Income $212,574 $91,424 43.0% $118,675 Transfers In $2,606,773 $1,303,387 50.0% $1,236,107 Bond / Lease Proceeds $152,800 TOTAL REVENUE $29,485,779 $14,561,070 49.4% $13,299,835

Total revenues are 49.4% of budget, and Water/Sewer charges make up 86.1% of total revenues received and are 50.3% of budget.

Through March 2012 there were 1.731 billion gallons billed, compared to 1.371 billion gallons billed through March 2011. There were 13.2 inches more rainfall this year than last year for Oct-March.; however little rainfall in September 2011 which reflects October 2011 billing of over 438 million or 25% of the gallons billed YTD, and reflects 47% of the variance.

Carryover included $348K for LS Switch grant.

7

WATER CONSUMPTION

FY2011 FY2012

Residential, 969

Residential, 1,200

Commercial, 134

Commercial, 159

Sprinkler, 146

Sprinkler, 225

Builders, 14

Builders, 16

Other, 108

Other, 131

YTD CONSUMPTION BY USE (In Millions of Gallons)

FY2011 vs. FY2012 Residential Commercial Sprinkler Builders Other

FY2011 FY2012

1.371

1.731

TOTAL YTD CONSUMPTION (In Billions of Gallons)

FY2011 vs. FY2012

8

RAINFALL COMPARISON

2011 YTD – 15.7 inches 2012 YTD – 28.9 inches

Sept October November December January February March

5.33

0.90

0.09

5.18 5.11

4.22

0.48 0.59

4.30

3.10

4.47 4.43

6.24 6.32

(In Inches of Rainfall) FY2011 vs. FY2012 FY2010 FY2011 FY2012

9



FY 2012 % OF BUDGET


Lift Stations $1,083,954 $327,681 30.2% $534,993 Wastewater Treatment $3,477,142 $1,424,697 41.0% $1,507,602 Water Production $6,493,250 $2,577,849 39.7% $1,888,686 Distribution & Collection $1,734,873 $820,865 47.3% $867,946 Construction $922,901 $411,023 44.5% $419,206 GIS $255,393 $129,454 50.7% $69,005 W&S Revenue Collections $2,091,815 $1,025,889 49.0% $1,118,309 Sub Total $16,059,328 $6,717,458 41.8% $6,405,747 Other Requirements $10,124,092 $3,527,685 34.8% $3,792,924 Transfers $6,795,538 $3,476,638 51.2% $2,335,528 TOTAL EXPENSES $32,978,958 $13,721,780 41.6% $12,534,199 Personnel Costs: $2,308,293 (17%), Operations: $4,409,165 (32%), are 49% of Budget. Including Other Requirements and Transfers, expenses are 41.6% of budget.

Lift Stations – Carryover from FY11 includes $348K for LS switches in January.

Water Production – Surface water increase of $689K over last year. More water from FM 521 due to Kirby well repairs. Carryover of $310,000 for GCWA in January for increases in reserves not requested to date. Budget includes water from Alice Street.

Other Requirements – March 1 Bond Payments made. $6.0 Million due September 1.

WATER SEWER FUND EXPENDITURE SUMMARY

10

P.E.D.C. FUND REVENUE SUMMARY

REVENUES FY 2012 BUDGET


FY 2012 % OF BUDGET


Sales Tax $6,745,634 $3,534,815 52.4% $3,305,212 Interest $24,150 $15,650 64.8% $6,672 Miscellaneous $424,000 $248,069 58.5% $245,504 Sub Total $7,193,784 $3,798,534 52.8% $3,557,388 Interfund Transfer $197,330 TOTAL REVENUE $7,193,784 $3,798,534 52.8% $3,754,718

Sales Tax Collection (Actual) – 52.8% of PEDC Fund budget. Oct. – March totals $3,564,334 which is 6.5% greater than the year-to-date budget of $3,347,531 and $298,803 or 9.2% greater than the actual receipts from last year. Miscellaneous:

Additional revenues of $41,069 have been received from water/sewer pro rata fees. There is $414,000 budgeted for rent for the CSI facility, and a total of $207,000 has been received through March.

Interest income at $15,650 is 64.8% of budget. Reserve for Debt Pay-off

Bond setting aside 20% of sales tax up to $5.0 Million for future pay-off of debt. YTD is $706,963.

11

P.E.D.C. FUND EXPENDITURE SUMMARY



FY 2012 % OF BUDGET


Operating $1,422,918 $566,649 39.8% $660,438 Capital $15,000 $0 0.0% $48,907 Transfers $178,857 $90,290 50.5% $75,459 Bond Payment $2,040,906 $597,248 29.3% $613,373 Business Incentives $3,358,500 $236,813 7.1% $700,005 TOTAL EXPENDITURES $7,016,181 $1,491,000 21.25% $2,098,182

Operating – Includes personnel costs, as well as expenditures associated with marketing and promotional programs.

Transfers – Includes $51,606 to the City for support services and $38,684 to U of H fund.

Bond payment – Bond payment of $596,748 in February; remaining due September 1.

Business Incentives – Includes Sales Tax incentives of $34,076, New Industry incentives of $182,488 and OTS New Industry incentives of $20,250.

12

P.E.D.C. INCENTIVES

Budgeted Amount for Business Incentives - $3,266,500 Current Incentives Committed Prior FY 2012 Balance CSI $6.4M $4.1M $0 $2.3M SCR HH GP $300K $180K $0 $120K Freese & Nichols $90K $0 $0 $90K Altus Harbor $87.5K $50K $15K $22.5K Brask/Neela, Inc. $150K $0 $0 $150K OTS $124K $0 $20K $104K Turbocare $105K $0 $101K Complete Speed Shore $80K $0 $66K Complete

*Exclude Sales Tax

13

ECONOMIC INDICATORS PROPERTY TAX COLLECTION SALES TAX COLLECTION

MONTH-TO-MONTH QUARTER-TO-DATE

BUILDING PERMITS SINGLE FAMILY COMMERICAL PERMIT REVENUE

HOT TAXES BY QUARTER BY YEAR

UNEMPLOYMENT RATE FORECLOSURE FILINGS

14

PROPERTY TAX COLLECTIONS (Year-to-Date)

$21.1

$43.5$41.2

$43.5

$0

$15

$30

$45

(in m

illio

ns)

1st Qtr 2nd Qtr

Amount Collected-Cumulative

Collections Levy

55.7%48.5%

94.2% 94.7%

0.0%

50.0%

100.0%

(per

cent

)

1st Qtr 2nd Qtr

Percent Collected-Cumulative

FY2011 FY2012

*Percent collected based on 100% of Levy. Budgeted at 98.0%

15

SALES TAX Sales Tax Actual-To-Actual and Percent Change

10.9%6.6%

8.2% 7.3%

20.2%

4.8%$0.0

$0.5

$1.0

$1.5

$2.0

$2.5

$3.0

Oct Nov Dec Jan Feb March

(in m

illio

ns)

0

0.05

0.1

0.15

0.2

0.25

(per

cent

cha

nge)

FY2011 Actual FY2012 Actual Percent Change

Sales Tax Budget-To-Actual and Percent Change

2.2%

4.6%

17.2%

5.6%3.9%

8.2%

$0.0

$0.5

$1.0

$1.5

$2.0

$2.5

$3.0

Oct Nov Dec Jan Feb March

(in m

illion

s)

0

0.02

0.040.06

0.08

0.1

0.12

0.140.16

0.18

0.2

(per

cent

chan

ge)

FY2012 Budget FY2012 Actual Percent Change

*March reflects actual numbers received in May.

16

SALES TAX YTD COLLECTIONS

$9.52

$10.69$9.80 $10.04

$0.0

$2.0

$4.0

$6.0

$8.0

$10.0

$12.0

(in m

illio

ns)

FY2010 Actual FY2011 Actual FY2012 Budget FY2012 Actual*

*March reflects actual numbers received in May.

17

SALES TAX COMPARISONS CITY

(tax rate) NET

PAYMENT FOR MAR.*

PRIOR YEAR FOR MAR.*

% CHANGE

2012 PAYMENT TO DATE**

2011 PAYMENT TO DATE**

% CHANGE

PEARLAND (1.5) $2,006,108.62 $1,870,525.99 7.25% $9,204,149.27 $8,375,418.97 9.89%

PLANO (1.0) $6,462,037.27 $6,603,413.24 -2.14% $29,487,870.88 $27,964,467.09 5.45%

PASADENA (1.5) $2,474,384.34 $2,487,978.73 -0.55% $10,836,258.20 $10,211,475.90 6.12%

SUGAR LAND (2.0) $3,766,673.36 $3,640,920.33 3.45% $18,702,176.64 $17,176,301.39 8.88%

ROUND ROCK (2.0) $5,844,796.63 $5,563,818.18 5.05% $27,400,420.80 $27,090,796.40 1.14%

COLLEGE STATION (1.5) $1,809,810.09 $1,682,780.92 7.55% $8,649,201.43 $8,037,620.84 7.61%

MCKINNEY (2.0) $3,338,001.86 $3,198,995.33 4.35% $14,084,192.72 $13,808,116.11 2.00%

FRISCO (2.0) $4,590,910.16 $4,247,201.69 8.09% $20,635,673.34 $18,380,727.31 12.27%

LEAGUE CITY (1.75) $1,288,431.86 $1,333,575.21 -3.39% $6,234,103.08 $5,359,870.11 16.31%

BAYTOWN (1.25) $1,307,222.06 $1,220,276.95 7.13% $5,656,092.70 $5,116,828.96 10.54%

THE WOODLANDS (1.0)*** $3,477,633.78 $3,154,356.70 10.25% $19,573,224.83 $16,930,372.48 15.61%

*March received in May **Calendar year (Jan. – March) ***The Woodlands is a special purpose district.

18

SINGLE FAMILY PERMITS

184188143

169

230176

0

50

100

150

200

250

1st Quarter 2nd Quarter 3rd Quarter 4th Quarter

# of

Sin

gle

Fmly

Prm

ts

FY 11 Actual FY 12 Actual

Single Family Permit and Valuation

$17.57 $16.00$14.23

$16.46

$9.47$8.77

0102030405060708090

100

Oct Nov Dec Jan Feb Mar Apr May June July Aug Sept

# of S

ingl

e Fm

ly Pr

mts

$0.0

$5.0

$10.0

$15.0

$20.0

$25.0

$30.0

$35.0

(valu

atio

n in

milli

ons)

FY 11 Actual FY 12 Actual FY 12 Valuation

19

SINGLE FAMILY PERMITS

389

312

406

$0$50

$100$150$200$250$300$350$400$450

# of

Sin

gle

Fam

ily P

erm

its

FY 10 Actual FY 11 Actual FY 12 Actual

Value $82.5M

Value $60.7M

Value $74.0M

20

SINGLE FAMILY PERMITS: APRIL YTD

Single Family Permit and Valuation

$17.57 $16.00

$22.08

$8.77$9.47

$16.46

$14.23

0

20

40

60

80

100

120


# of S

ingl

e Fm

ly Pr

mts

$0.0

$5.0

$10.0

$15.0

$20.0

$25.0

$30.0

$35.0

(valu

atio

n in

milli

ons)


440 372517

$0$100$200$300$400$500$600

# o

f Sin

gle

Fam

ily

Per

mits


Value $84.1M Value

$72.6M

Value $104.6M

APRIL FY12 111 PERMITS

21

COMMERCIAL PERMITS

8754

2122

0

5

10

15

20

25

1st Quarter 2nd Quarter 3rd Quarter 4th Quarter

# of

Com

mer

cial

Prm

ts

FY 11 Actual FY 12 Actual

Commercial Permit and Valuation

$0.09$0.98

$18.96

$6.90

$2.34$1.71

0

4

8

12


# of C

omm

ercia

l Per

mits

$0.0

$5.0

$10.0

$15.0

$20.0

(valu

atio

n in

milli

ons)


22

COMMERCIAL PERMITS

45

9

43

0

5

10

15

20

25

30

35

40

45

50

Num

ber o

f Com

mer

cial

Per

mits

FY10 Actual FY11 Actual FY12 Actual

*Valuation and number exclude exempt properties, multi-family dwellings, apartment garages and apartment houses. Permit value of the Villa’s at SCR only include maintenance and office/clubhouse facilities.

Value $13.5M

Value $23.9M

Value $31.0M

Grand Total Comparison Thru 2nd Quarter

23

COMMERCIAL PERMITS: APRIL YTD

47

11

53

$0$10$20$30$40$50$60

# of

Com

mer

cial

P

erm

its


Value $25.4M

Value $17.0M Value

$34.9M

APRIL FY12 10 PERMITS

Commercial Permit and Valuation

$3.91$0.09

$0.98

$18.96

$6.90

$2.34$1.71

0

4

8

12


# of C

omm

ercia

l Per

mits

$0.0

$5.0

$10.0

$15.0

$20.0

(valu

atio

n in

milli

ons)


24

TOTAL BUILDING PERMIT AND BUILDING PLAN FEE REVENUE

$206,958$304,639

$468,722

$629,835$740,230

$1,024,905

1st Qtr 2nd Qtr 3rd Qtr 4th Qtr

Year-To-Date Actual

FY 2011 FY 2012

25

HOT TAXES Quarterly Occupancy Tax*

$150,586

$171,816$163,823

$142,661

$187,048$192,522

$0

$50,000

$100,000

$150,000

$200,000

$250,000


FY2011 Actual FY2012 Actual

*Reflects amount received each quarter.

26

HOT TAXES Year-to-Date Occupancy Tax*

$652,111

$142,661

$480,295

$293,247

$356,345

$163,823

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

$700,000


FY2011 Actual FY2012 Actual

*Reflects cumulative total thru 4th quarter.

27

UNEMPLOYMENT RATE Fiscal Year 2012

Source: Labor Market & Career Information, Texas Workforce Commission and Federal Bureau of Labor Statistics Texas Statewide unemployment statistics reflects model re-estimations and new seasonal adjustments for last year and for the first quarter of the current year . The second quarter for Texas Statewide unemployment is TWC’s preliminary estimate due to the availability of March 2012 data.

6.3 6.8 6.5 6.6

6.1 5.9

7.6 7.1

8.7 8.3

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0

10.0


Average Rate By Quarter (Pearland/State/National)

FY 2011 Pearland FY 2012 Pearland FY 2012 State FY 2012 National

28

FORECLOSURE FILINGS BY ZIP CODE

Source: RealtyTrac *Includes ETJ

Note: Multiple filings can occur on one property within a given timeframe and can include: Default notices, auction notices, notice of trustee sale or bank seizure.

454 359

413

246

FY2009 FY2010 FY2011 FY2012

174 263 292 227

72

150 162 132

Annual Foreclosures 2nd Quarter Year-to-Date Pearland 77584 Pearland 77581

1Q -2010 1Q -2011 1Q -2012 2Q -2010 2Q -2011 2Q -2012

125 169 127 138 123 100

73 87

67 77 75 65

Annual Foreclosure Filings by 1st and 2nd Quarter Pearland 77584 Pearland 77581

165 198 215 194

256 198

29

FORECLOSURE FILINGS CITY COMPARISONS

CITY JANUARY FILINGS

FEBRUARY FILINGS

MARCH FILINGS

TOTAL FILINGS FOR 2nd QRTR.

PEARLAND 53 60 52 165

MISSOURI CITY 85 86 64 235

PASADENA 49 75 46 170

SUGAR LAND 56 66 31 153

BAYTOWN 46 57 65 168

CONROE 71 69 61 201

ROUND ROCK 69 90 41 200

MCKINNEY 92 80 65 237

FRISCO 50 53 40 143

ALLEN 20 60 32 112

ROWLETT 42 25 35 102

Note: Multiple filings can occur on one property within a given timeframe and can include: Default notices, auction notices, notice of trustee sale or bank seizure. Based on mailing address/zip codes, not City limits proper.

30

SUMMARY/STATUS OF GRANTS CDBG/CDBG-R

Program Year 2012 Allocation Notice for $284,818 will be awarded to the City pending submission of Annual Action Plan and 5 – Year Consolidated Plan, which are currently underway. Up $7,716 from FY2011 allocation of $277,102.

Program Year 2010 CAPER submitted to HUD and accepted via Annual Community Assessment Letter.

Sidewalk projects on South Houston, Walnut and the remaining portion of Hawk Road awarded on March 23, 2012.

Texas Department of Rural Affairs (formerly ORCA) CDBG Funds – Lift Stations $348,000 Funds unreleased to-date pending completion of engineering/design by Cobb-

Fenley, according to the program’s intermediary consultant Grantworks. The legislature has made an official change to the administering agency and

the General Land Office will officiate these federal grant funds on behalf of the State. Stricter adherence to eligibility requirements involving Low-Moderate Income demographics may affect additional funding requests submitted beyond 2009 Round 1 application.

Victim Assistance Grants Continuation application for Criminal Justice Division funding for Crime Victim

Liaison has been submitted for continuation in the amount of $59,346. Crime Victim Specialist hired and placed with $41,999 grant from Office of the

Attorney General and program activities are underway.

31

Criminal Justice Division Pearland Police Department has requested $107,000 for the purchase of a

towable, trailer-style Mobile Command Unit to be deployed as an Incident Command platform from which to coordinate emergency response to natural disasters, critical incidents such as SWAT stand-offs and ground searches, as well as community events and city-sponsored festivals or mass gatherings.

Texas Parks and Wildlife In addition to the $100,000 received and expended for Phase I of Trail

Connectivity (Hike and Bike), Parks and Recreation Department and Finance have requested an additional $200,000 for continuation of the trail as Phase II – Centennial Park to Independence Park.

Department of Justice – COPS Hiring Recovery Program Formula grant request for 2 sworn officer positions at a total of $401,392 over

three years with a $151,392 match required was submitted in March. Officers hired through this program are required to have post “9/11” Gulf War military veterans’ status and must be competitively hired in conjunction with any other applicants within the hiring pool soliciting these officers.

Grants Summary Number Amount FY12 Grants Applied For 6 $682,344 Grants Awarded 0 $0 Active Grants 16 $3,106,501

SUMMARY/STATUS OF GRANTS, Continued

32

INVESTMENTS – 2nd QTR. BOOK VALUE

At December 31th 2011 - $95,148,547 At March 31, 2012 - $95,233,471 PORTFOLIO $65,034,392 or 68% in Cash $3,477,000 or 4% in CD’s $26,722,080 or 28% in FHLB/FHLMC/FFCB/FNMA

WEIGHTED AVERAGE MATURITY 83 Days Longest Maturity – 758 days

YIELD TO MATURITY AT COST (average for Quarter) 0.18% 0.17% (T-Bill benchmark) 0.10% (Agency note benchmark)

INVESTMENT REPORT IN COUNCIL AGENDA

33 33 33 33

SUMMARY OF MAJOR CAPITAL PROJECTS

Through 3/31/12 PROJECT

FUNDED BUDGET

ACTUAL-TO- DATE

ENCUMB-RANCE REMAINING ANTICIPATED

SAVINGS

City of Houston Connection1 $20,095,519 $18,406,637 $1,215,078 $473,804 $200,000

Max Road Sports Complex $2,624,277 $260,532 $99,835 $2,263,910 $0

Cowart Creek $12,626,450 $10,356,637 $98,024 $2,171,789 $0

Longwood WWTP $4,333,105 $388,353 $75,535 $3,869,217 $1,000,000

Barry Rose WWTP $3,753,760 $295,138 $3,386,533 $72,089 $0

Twin Creek Woods LS $2,519,000 $196,767 $48,232 $2,274,001 $0

34 34 34 34

SUMMARY OF MAJOR CAPITAL PROJECTS

Through 3/31/12

1Project was bid on June 17, 2010. Savings of $6.0 million already taken.

PROJECT

FUNDED BUDGET

ACTUAL- TO-DATE

ENCUM-BRANCE

REMAINING

ANTICIPATED

SAVINGS

Hatfield Sewer $4,634,000 $239,338 $273,050 $4,121,612 $0

Old Alvin Waterline $2,556,718 $147,442 $195,414 $2,213,862 $0

Warrant Update Summary 2nd Quarter FY12

Jail Credit 752 cases - $292,765 value Warrant Officer 443 cases - $40,554 collected Newspaper 20 cases - $9,020 collected ALPR 83 cases - $12,622 collected Total number of warrants cleared 3,384 Value of all warrants cleared by all means

$1,177,594 (Not necessarily value of cash received)

Warrant Update Comparison 2nd Qtr FY11 to FY12

FY 11 FY 12 Warrants Issued 2,113 2,338

% of FTA 61% 39%

Warrants Cleared 3,284 3,384

Jail Credit 674 / $214,185 752 / $292,765

Warrant Officer 104 443

ALPR 132 83

Newspaper 46 20

Outstanding 14,072 / $4,495,613 14,655 / $4,760,657

Warrant Update Warrant Activity by Month

FYTD 2011

January

February March FYTD 2012

Beginning Bal #

14,179 15,560 15,114 14,395 14,655

$ 4,231,852 5,061,086 4,946,644 4,707,109 4,760,657

Issued 4,381 848 375 1015 4,257

Cleared—(all means)

5,275 1,421 1,079 884 5,400

Outstanding

# 14,072 15,114 14,395 14,655 14,655

$ 4,495,613 4,946,644 4,707,109 4,760,657 4,760,657

% Inc/Dec

38

OTHER NOTEWORTHY HIGHLIGHTS 2nd Quarter

Filed FY2011 audit with Council on February 20th with clean opinion. FY2011 carryovers approved by City Council; amended the budget. Presented powerpoint for budget kickoff. FY2013 Budget and 2013-2017 Five Year CIP underway.

Incorporated Council Goal on O&M costs for CIP’s which identifies costs of services.

Implemented new agenda format pursuant to City Council goal. Presentation to Council on compensation adjustments. Workshopped Priority Based Budgeting, though did not proceed. Replaced 892 out of 1,000 meters budgeted for replacement. IVR fully Implemented Completed on-line auction of confiscated jewelry. Net $72,940. Refunded $49,895,000 in outstanding bonds, saving $5.3 Million. HOT Tax analysis for Centennial Park complete. Horne LLP, Auditors for FEMA have started final audits.

Questions?

39

State of Finances Snapshot FY2011-2012

For the Quarter Ending March 31, 2012

Documents

2nd Quarter