Johnson Ranch Municipal Utility District

January 12, 2021

Utility District

Bookkeeper's Report

Johnson Ranch Municipal

6500 River Place Blvd. • Building 4, Suite 104 • Austin, Texas 78730 • Phone: 512.782.2400 • Fax: 512.795.99681

Johnson Ranch MUD - GOF

Cash Flow Report - Checking AccountAs of January 12, 2021

Num Name Memo Amount Balance

BALANCE AS OF 12/09/2020 $3,000.23

ReceiptsRefunded Service Charge 59.07Wire Transfer 53,567.27

Total Receipts 53,626.34

Disbursements5833 U.S. Treasury Q4 2020 941 (344.24)5834 Arthur Seago Fees of Office 01/12/2021 (138.52)5835 Ewel D Wilson Fees of Office 01/12/2021 (138.52)5836 Peggy Braaten Fees of Office 01/12/2021 (138.52)5837 Sheryl Short Fees of Office 01/12/2021 (138.52)5838 Steven McCleskey Fees of Office 01/12/2021 (138.52)5839 AUC Group Monthly WWTP Lease Payment (14,500.00)5840 Bleyl Engineering Engineering Fees (3,730.25)5841 Elite Professional Lawn and Landscaping Landscaping - Dec 2020 (766.08)5842 Maxwebs Co Web Hosting Services (100.00)5843 Maxwell Locke & Ritter Final Billing - FY 2020 Audit (13,000.00)5844 McGinnis Lochridge Legal Fees (6,824.00)5845 Municipal Accounts & Consulting, LP Bookkeeping Fees (2,790.29)5846 Association of Water Board Directors TX. Annual Membership 2021 (675.00)5847 Johnson Ranch MUD Bookkeeper's Account Transfer (10,204.11)Total Disbursements (53,626.57)

BALANCE AS OF 01/12/2021 $3,000.00

FIRST CITIZENS BANK-CKING - #XXXX14292


Cash Flow Report - Bookkeepers AccountAs of January 12, 2021


BALANCE AS OF 12/09/2020 $30,000.22

ReceiptsBookkeeper's Account Transfer 10,204.11

Total Receipts 10,204.11

DisbursementsACH CPS Energy Utilities (2,724.27)ACH Guadalupe-Blanco River Authority Purchase Water Expense (165.62)ACH Guadalupe-Blanco River Authority Purchase Water Expense (7,314.44)Total Disbursements (10,204.33)

BALANCE AS OF 01/12/2021 $30,000.00


Johnson Ranch MUD - CPF

Cash Flow Report - Checking AccountAs of January 12, 2021


BALANCE AS OF 12/09/2020 $424,140.01

ReceiptsNo Receipts Activity 0.00

Total Receipts 0.00

DisbursementsNo Disbursements Activity 0.00

Total Disbursements 0.00

BALANCE AS OF 01/12/2021 $424,140.01


Johnson Ranch Municipal Utility District

Account Balances As of January 12, 2021

Financial Institution(Acct Number)

Issue Date

Maturity Date

Interest Rate

Account Balance Notes

Fund: OperatingCertificates of DepositSOUTH STAR BANK (XXXX0211) 10/20/2020 04/20/2021 0.30 % 100,000.00FRONTIER BANK (XXXX2535) 05/11/2020 05/11/2021 1.25 % 240,000.00THIRD COAST BANK, SSB (XXXX6638) 10/20/2020 06/17/2021 0.70 % 100,000.00VERITEX COMMUNITY BANK (XXXX0441) 10/20/2020 07/17/2021 0.50 % 100,000.00THIRD COAST BANK, SSB (XXXX6646) 10/20/2020 08/16/2021 0.70 % 100,000.00VERITEX COMMUNITY BANK (XXXX0442) 10/20/2020 09/15/2021 0.50 % 100,000.00

Money Market FundsTEXPOOL (XXXX0001) 09/01/2017 0.09 % 207,185.73

Checking Account(s)FIRST CITIZENS BANK-CKING (XXXX1429) 0.01 % 3,000.00 Checking AccountFIRST CITIZENS BANK-CKING (XXXX1437) 0.01 % 30,000.00 Bookkeepers

Totals for Operating Fund: $980,185.73Fund: Capital ProjectsMoney Market FundsTEXPOOL (XXXX0006) 06/02/2020 0.09 % 532,442.01 Series 2020

Checking Account(s)FIRST CITIZENS BANK-CKING (XXXX3972) 0.01 % 424,140.01 Checking Account

Totals for Capital Projects Fund: $956,582.02Fund: Debt ServiceMoney Market FundsTEXPOOL (XXXX0004) 12/22/2017 0.09 % 425,636.42

Totals for Debt Service Fund: $425,636.42

Grand total for Johnson Ranch Municipal Utility District: $2,362,404.17

5


Actual vs. Budget ComparisonNovember 2020

November 2020 September 2020 - November 2020 AnnualActual Budget Over/(Under) Actual Budget Over/(Under) Budget

Revenues 14320 Property Tax 42,063 21,449 20,614 51,320 24,370 26,950 679,00714325 Property Tax Penalty 18 125 (107) 205 375 (170) 1,50014330 Miscellaneous Income 0 83 (83) 0 250 (250) 1,00014340 Interest Earned on Checking 0 0 0 2 0 2 014360 Delinq Tax Attorney Fees 0 167 (167) 228 500 (272) 2,00014370 Interest on Temp Investments 24 1,083 (1,059) 187 3,250 (3,063) 13,000

Total Revenues 42,106 22,907 19,199 51,942 28,745 23,197 696,507

Expenditures 16140 Raw Water 7,480 19,391 (11,911) 21,008 34,584 (13,576) 150,00016160 Utilities 2,724 3,083 (359) 8,466 9,250 (785) 37,00016190 WWTP Lease 14,500 14,500 0 43,500 43,500 0 174,00016240 Drainage 0 0 0 0 0 0 30,00016320 Tax Assessor/Appraisal 0 0 0 0 0 0 15,50016330 Legal Fees 6,374 10,147 (3,773) 17,542 26,103 (8,561) 90,00016331 Legal Fees - Special 325 2,083 (1,758) 2,464 6,250 (3,787) 25,00016340 Auditing Fees 13,000 13,000 0 13,000 13,000 0 13,00016350 Engineering Fees 1,805 2,133 (328) 6,618 15,742 (9,125) 66,00016424 Landscape Maintenance 766 1,250 (484) 2,298 3,750 (1,452) 15,00016430 Bookkeeping Fees 2,650 3,500 (850) 12,447 10,500 1,947 42,00016440 Delinquent Tax Attorney Fees 0 167 (167) 228 500 (272) 2,00016455 SB 622 Publication Expense 0 125 (125) 0 375 (375) 1,50016460 Printing & Copy Charges 41 250 (209) 232 750 (518) 3,00016470 Website Fees 340 300 40 665 900 (235) 3,60016480 Filing Fees 0 25 (25) 0 75 (75) 30016490 Financial Advisor Fees 0 208 (208) 2,500 625 1,875 2,50016520 Postage Expense 0 17 (17) 10 50 (40) 20016530 Insurance & Surety Bond 0 0 0 0 0 0 10,00016540 Travel Expense 108 125 (17) 404 375 29 1,50016560 Miscellaneous Expense 100 208 (109) 294 625 (331) 2,50016600 Director Fees 750 683 67 2,250 2,050 200 8,20016610 Payroll Taxes 57 63 (5) 172 188 (15) 750

Total Expenditures 51,020 71,258 (20,239) 134,097 169,192 (35,095) 693,550

Excess Revenues (Expenditures) ($8,914) ($48,351) $39,437 ($82,155) ($140,447) $58,292 $2,957

6


Balance SheetAs of November 30, 2020

Nov 30, 20

ASSETSCurrent Assets

Checking/Savings11100 · Cash in Bank 44,21511110 · Bookkeepers 20,67511300 · Time Deposits 952,587

_______________

Total Checking/Savings 1,017,477

Other Current Assets11560 · Due from DSF 42,08111510 · Accrued Int Receivable 92111570 · Due From CPF 6,08511410 · Deposits w/ Others 10011580 · Due From Others 5911520 · Maintenance Tax Receivable 642,436

_______________

Total Other Current Assets 691,682 _______________

Total Current Assets 1,709,159

Other Assets11660 · Prepaid Lease 6,100

_______________

Total Other Assets 6,100 _______________

TOTAL ASSETS 1,715,259

LIABILITIES & EQUITYLiabilities

Current LiabilitiesAccounts Payable

12000 · Accounts Payable 33,319 _______________

Total Accounts Payable 33,319

Other Current Liabilities12106 · Rev Fee - Bulverde Assisted Liv 89012105 · Rev Fee - Highlander Senior Vil (1,138)12100 · Payroll Liabilities 23012790 · Deferred Inflows Property Tax 642,436

_______________

Total Other Current Liabilities 642,418 _______________

Total Current Liabilities 675,737 _______________

Total Liabilities 675,737

Equity13010 · Unassigned Fund Balance 1,121,677Net Income (82,155)

_______________

Total Equity 1,039,522 _______________

TOTAL LIABILITIES & EQUITY 1,715,259

7

Johnson Ranch Municipal Utility District

District Debt Service Payments01/01/2021 - 12/31/2021

Paying Agent Series Date Due Date Paid Principal Interest Total Due

Debt Service Payment Due 02/01/2021TIB 2017 - WS&D 02/01/2021 0.00 93,213.25 93,213.25Bank of Texas 2020 - WS&D 02/01/2021 0.00 81,769.50 81,769.50

Total Due 02/01/2021 0.00 174,982.75 174,982.75

Debt Service Payment Due 08/01/2021TIB 2017 - WS&D 08/01/2021 400,000.00 93,213.25 493,213.25Bank of Texas 2020 - WS&D 08/01/2021 240,000.00 81,769.50 321,769.50

Total Due 08/01/2021 640,000.00 174,982.75 814,982.75

District Total $640,000.00 $349,965.50 $989,965.50

8

Net Proceeds for All Bond IssuesChecking Account $0.00

ReceiptsSeries 2020 - Bond Proceeds 7,000,000.00 Series 2020 - Interest Earnings 1,653.41 DisbursementsSeries 2020 - Disbursements (Attached) (6,045,071.39) Total Cash Balance 956,582.02

Balances by AccountFirst Citizens Bank $424,140.01Texpool - SR 2020 $532,442.01Total Cash Balance $956,582.02

Balances by Bond Series

Beginning Balance $0.00Series 2020 - Bond Proceeds $956,582.02Total Cash Balance $956,582.02

Remaining Costs/Surplus By Bond Series

Series 2020 - Remaining Costs $99,599.00Total Amount in Remaining Costs 99,599.00

Series 2020- Surplus & Interest 856,983.02Total Surplus & Interest Balance 856,983.02

Total Remaining Costs/Surplus 956,582.02

JOHNSON RANCH MUDCapital Projects Fund Breakdown

1/12/2021

9

Use of Actual Remaining VariancesConstruction Costs Proceeds Cost Cost Under/(Over)A. Developer Contribution Items

1. Johnson Ranch Unit 2 and 3, Phase 1 W/WW/D 1,904,003 1,834,932 69,071 02. Johnson Ranch North Units 1, 2, 3 and 4 W/WW/D 1,071,535 1,070,475 1,060 03. Engineering Johnson Ranch South 323,312 323,312 0 04. Engineering 177,258 177,258 0 0

B. District Items1. Johnson Ranch North Master tract W/WW/D 889,522 868,446 21,076 02. Engineering 270,016 270,016 0 0

Total Construction Costs $4,635,646 4,544,439 91,207 0

Nonconstruction Costs1. Legal Fees 140,000 140,000 0 02. Fiscal Agent Fees 140,000 140,000 0 03. Interest Costs a. Capitalized Interest 700,000 340,200 0 359,800 b. Developer Interest 640,117 303,946 8,392 327,779 c. Remaining Developer Interest 57,984 58,136 0 (152)4. Bond Discount 210,000 - 0 210,0005. Bond Issuance Expenses 38,972 38,972 0 (0)6. Creation Costs 23,196 23,196 0 07. Bond Application Report Costs 45,000 45,000 0 08. Developer Advances 344,585 344,585 0 09. Attorney General Fee 7,000 7,000 0 010. TCEQ Bond Issuance Fee 17,500 17,500 0 011. Contingency - 42,097 0 (42,097)12. Surplus - - 0 0

Total Nonconstruction Costs 2,364,354 1,500,632 8,392 855,330

Total Bond Issue Requirement $7,000,000 $6,045,071 99,599 855,330

Total Funds $954,928.61Interest Earned & Service Charges 1,653.41

$956,582.02

JOHNSON RANCH MUDCOST COMPARISON

$7,000,000 SERIES 20201/12/2021

10

JOHNSON RANCH MUDTAX ANALYSIS FISCAL YEAR END 08/31/2021

TAX YEARS TAX YEARS:- - - - - - - - - - - - - - 2020- - - - - - - - - - - - - - - -: :- - - - - - - - - - - - - - 2019- - - - - - - - - - - - - - - -:------------------------- ------------------------- ------------------------- ------------------------- ------------------------- ---------------------------

DSF M&O TOTAL DSF M&O TOTAL GRAND TOTALPERCENTAGE 0.5882 0.4118 2020 0.3985 0.6015 2019 DSF MAINT TOTAL======================================================================================================== ============ =========== ===============PRIOR YEAR - 1,794.43 2,708.87 4,503.30 1,730.24 4,104.80 5,835.04

TAX LEVY 2020 984,598.97 689,219.28 1,673,818.25 - 984,598.97 689,219.28 1,673,818.25

COLLECTIONS:SEPT 2020 TAXES 0.00 0.00 0.00 (67.44) (101.81) (169.25) (67.44) (101.80) (169.24) PENALTY 0.00 0.00 0.00 112.79 170.27 283.06 112.79 170.27 283.06

45.35 68.47 113.82OCT 2020 =============== ============= ================== TAXES 13,241.41 9,268.98 22,510.39 59.30 89.51 148.81 13,300.71 9,358.49 22,659.20 PENALTY 0.00 0.00 0.00 11.26 17.01 28.27 11.26 17.01 28.27

13,311.97 9,375.50 22,687.47NOV 2020 =============== ================================ TAXES 63,182.01 44,227.40 107,409.41 (1,433.53) (2,164.04) (3,597.57) 61,748.48 42,063.36 103,811.84 PENALTY 0.00 0.00 0.00 11.76 17.75 29.51 11.76 17.75 29.51

61,760.24 42,081.11 103,841.35DEC 2020 =============== ============= ================== TAXES 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PENALTY 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00JAN 2021 =============== ============= ================== TAXES 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PENALTY 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00FEB 2021 =============== ============= ================== TAXES 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PENALTY 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00MARCH 2021 =============== ============= ================== TAXES 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PENALTY 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00APRIL 2021 =============== ============= ================== TAXES 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PENALTY 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00MAY 2021 =============== ============= ================== TAXES 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PENALTY 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00JUNE 2021 =============== ============= ================== TAXES 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PENALTY 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00JULY 2021 =============== ============= ================== TAXES 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PENALTY 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00AUG 2021 =============== ============= ================== TAXES 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PENALTY 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00

TOTALS 76,423.42 53,496.38 129,919.80 (1,305.86) (1,971.31) (3,277.17) 75,117.56 51,525.08 126,642.64================ ================ ================ ================ ================ ================== =============== ============= ==================

TAXES 76,423.42 53,496.38 129,919.80 (1,441.67) (2,176.34) (3,618.01) 74,981.75 51,320.05 126,301.80PENALTY 0.00 0.00 0.00 135.81 205.03 340.84 135.81 205.03 340.84

------------------------------ ------------------------------ ------------------------------ ------------------------------ ------------------------------ --------------------------------- --------------------------- ------------------------ ---------------------------------TOTALS 76,423.42 53,496.38 129,919.80 (1,305.86) (1,971.31) (3,277.17) 75,117.56 51,525.08 126,642.64

================ ================ ================ ================ ================ ================== =============== ============= ==================

ADJUSTMENTS (34.52) (24.17) (58.69) (1,492.39) (2,252.90) (3,745.29) (1,526.91) (2,277.06) (3,803.97)TAX TOTAL TAXDUE @ 11/30/2020 7.76% DUE

908,141.04 635,698.72 1,543,839.76 1,743.72 2,632.30 4,376.02 911,615.00 642,435.82 1,554,050.82============================================================================================================================ ============ =========== ===============TAX RATES 0.500 0.350 0.8500 0.3387 0.5113 0.8500 Tax Year Collections 1,495,197.23

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Documents

Johnson Ranch Municipal Utility District