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HomeMy WebLinkAboutPreliminary (Binder Notes) Operating Budget FY06-07AGENDA Special Called Meeting Euless City Council Euless City Hall 201 N. Ector Drive Euless, Texas Thursday, August 24, 2006 7:00 p.m. 1 j CALL TO ORDER 2) HOLD PUBLIC HEARING FOR PROPOSED TAX RATE Discussion of proposal to adopt an ad valorem tax rate of $0.489500 per $100 valuation for tax year 2006. 3) ANNOUNCE THE DATE, TIME, AND PLACE OF VOTE ON TAX RATE The vote on the tax rate will take place on Tuesday, September 12, 2006, at 7:00 p.m. in the City Council Chambers, 201 N. Ector Drive, Euless, Texas. 4) ADJOURN POSTED THIS 18th DAY OF AUGUST, 2006, AT 11:00 A.M. Individual hosting DATE: August 18I 20Q6 TQ: Mayor Saleh City Council FRAM: Joe C, Hennig -City S�JBJECT: City Council Informat Attached are copies of various reports that have been recently requested by City Council members, In a continuing effort to make all material available to the Council as a whole, copies are being distributed to all members. please call if you have questions or need for additional information. Cc: McKamie GetChell Crim 201 N.13ctor C)r9vc, Eu}ess,'Iexas 7603«-3595 817?6ti�-"1.100 • Atetra 8:(i(2Fi; -}}{)3 * Fax i}i71br35�1=}1ii evtvu.ci.frult38,t�.u5 CITY OF EULESS CITIZENS Please notice the required advertisement printed below regarding the property tax rate calculation for the City of Euless. It is prepared under very strict state law requirements that mandate how the property tax rates are to be calculated and published. Please be aware that the city's property tax will decrease by .46%. The rate per $100 of assessed value is currently $.491777 and the new rate will be $.4895 for the fiscal year 10/1 /06 to 9/30/07. Actual taxes may be affected by a change in property value. Notice of Public Hearing on Tax Increase The City of Euless, TX will hold a public hearing on a proposal to increase total tax revenues from properties on the tax roll in the preceding tax year by 3.68 percent (percentage by which proposed tax rate exceeds lower of rollback tax rate or effective tax calculated under Chapter 26, Tax Code). Your individual taxes may increase at a greater or lesser rate, or even decrease, depending on the change in the taxable value of your property in relation to the change in taxable value of all other property and the tax rate that is adopted. The public hearing will be held on August 24, 2006 at 7:00 PM and August 29, 2006 at 7:00 PM at Euless City Hall, 201 North Ector Drive, Euless TX 7603 9. The members of the governing body voted on the proposal to consider the tax increase as follows: FOR* Mayor Mary Lib Saleh Mayor Pro Tern Linda Martin AGAINST: PRESENT and not voting. ABSENT: Council Member Leon Hogg Council Member Carl Tyson Council Member Glenn Porterfield Council Member Michael Brown Council Member Charlie Miller Comparison of Proposed Budget with Last Year's Budget The applicable percentage increase or decrease (or difference) in the amount budgeted in the preceding fiscal year and the amount budgeted for the fiscal year that begins during the current tax year is indicated for each of the following expenditure categories: Maintenance and operations 11.07% increase Debt service (0.68)% (decrease) Total expenditures 9.48% increase Total Appraised Value and Total Taxable Value as calculated under section 26.04, Tax Code Preceding Tax Year Current Tax Year Total appraised value* of all property $3,45%8572905 $3763321222300 Total appraised value* of new property** $7674252692 $5437242905 Total taxable value*** of all property $2727279157735 $2,45827272544 Total taxable value*** of new property** $767425,692 $547724,905 Bonded Indebtedness Total amount of outstanding and unpaid bonded indebtedness $45,300,000 Tax Rates Adopted tax rate for the preceding tax year $0.491777 Proposed tax rate for the current tax year $0.489500 Difference in the proposed tax rate and the adopted tax rate for the preceding tax year $(0.002277) Percentage increase or decrease in the proposed tax rate and the adopted tax rate (0.46)% for the preceding tax year These tax rate figures are not adjusted for changes in the taxable value of property. Percentage per $100 in value ner $100 in value per in value (Decrease) Comparison of Residence Homestead Values Average appraised and taxable values on residence homesteads are compared from the preceding tax year and the current tax vear. Preceding Tax Year Current Tax Year Average residence homestead appraised value Homestead exemption amount for the taxing unit $I29,595 $132,567 $251919 $262513 (excluding special exemptions for persons 65 years of age or older or disabled) Average taxable value of a residence homestead $1037676 $1062054 (excluding special exemptions for persons 65 years of age or older or disabled) Comparison of Residence Homestead Taxes The taxes that would have been imposed in the preceding tax year on a residence homestead at the average appraised value (excluding special exemptions for persons 65 years of age or older or disabled) are estimated to be $509.85. The taxes that would be imposed in the current tax year on a residence homestead appraised at the average appraised value in the current tax year (excluding special exemptions for persons 65 years of age or older or disabled), if the proposed tax rate is adopted, are estimated to be $519.13. The difference between the amount of taxes on the average residence homestead in the current tax year, if the proposed tax rate is adopted, and the preceding tax year would be an increase of $9.28 in taxes. * "Appraised value" is the amount shown on the appraisal roll and defined by Section 1.04(8), Tax Code. ** "New property" is defined by Section 26.012(17), Tax Code. *** "Taxable value" is defined by Section 1.04(10), Tax Code. Section F, •Page 12 / www.star-telegram.com/classifieds /Monday, August 7, 2005 J , A, f i i , 1 . j ,, i 2006 Pr®p�► Tax Rites in C��y o� Eu���, TX This notice concerns 2006 property tax rates for Ciry of Euless, TX. It presents information about three tax rates. Last year's tax rate is the actual rate the taxing unit used to determine property taxes last year..This years effective tax rate would impose the same total taxes as last year if you compare properties taxed in both years. This years rollback tax rate is the highest tax rate the taxing unit can ' set before taxpayers can start tax rollback procedures. in each case these rates are found by dividing the total amount of taxes by,the tax base (the total value of taxable property) with adjustments as required by state law. The rates are given per $100 of property value. Last year's tax rate: • .Last year's operating taxes $7,495,679 Last year's debt taxes $3,335,867 Last year's total taxes Last years tax base $10,831,546 . $2,202,532;042 Last year's fatal tax rate 0.491777/$100 This years efiectiva.tax rate: Last years adjusted taxes $10,762,676 - (after subtracting taxes on lost property) - j =This years adjusted tax base $2,279,595,024 y (after subtractingvelue of new property) ' =This years effective tax rate 0.472t31/$100 (Maximum rate unless unit publishes notices and holds hearings.) i This years roifback taxrate: Last years adjusted operating taxes � $8,663,033 (after subtracting taxes on lost property and adjusting for any , trarisfened function, tax increment financing, and/or � _ enhanced indigent health care expenditures) ' =This year's adjusted tax base - $2,279,595,024 =Thisyears effective operating'rate 0.380025/$100 • x1.08--this year's maximum operating rate � 0.410427/$100 +This year's debt rate 0.146273/$100 =This year'stotal rollback rate p;556700/$100 • '-Sales tax adjustment rate 0.062253/$100 =Rollback taz rate _ 0.494447/$100 • � Statement of Increase/Decrease - If City of Euless, TX'adopts a 2006 tax rate equal to the effective tax rate of $0,472131 per $100 of value, taxes would increase • compared to 2005 taxes by $189,502, Schedule A - Unencmmbered Fund Balances The following estimated balances.will be left in the uniCs property tax accounts at fire end of the fiscal year, These balances are not .encumbered by a corresponding,debt obligation. IyPe of Pro Tax Fund B lance • . GENERAL OBLIGATION;DEBT SERVICE FUND $577,293 Schedule B - 2006"Debt Service • ' The unit plans to pay the following amounts for longterm debts that are secured by property taxes. These amounts will be paid from property tax revenues (or additional sales tax revenues, if applicable). ' Principal or Interest to be _ Contract Payment Pald from Other • . Description ' to be Paid from Property Amounts Total of Debt Property Taxes Taxes to be Paid Payment General Obligation Series 2000 �$175,000 $15,347 _ $0 $190,347 Certificate of $335,000, 1 $38,508 $0 $373,508 Obligations Serjes 2000A � ' 'General Obligation $230,000 $122,844 $0 $352,844 Series 2001 Certificate of $210,000 $113,050 • $0 $323,050 Obligations Series 2001 �GeneralObligat(on $610,000 $i27,226 $0 $737,226 Refunding Senes 2003 Certificates of $155,000 $190,723 $0 $345,723' Obligation Series 2004 Genes Obligation $115,000 $133,468 $0 $248,468 Series 2004A • General Obligation $325,000 $592,213 $0 $9i7,213 Refunding Series 2005 General Obligation $15,000 $199,349 $0 $214,349 - Refunding Senes 2006 Taxable Certificates $225,00 $753,794 , $0 $978,794 of Obligtaion Series 2000 _ Bank Charges $0 $0 $8,000 $t3,000 Total Required for 2006 Debt Service $4,689,522 -Amount. (if any) paid from funds'listed in Schedule A $100,000 -Amount (1f any) paid from other resources $1,175,031 -Excess collections last year $0 =Total to be paid from taxes in 2006 � $3,414,491 +Amount added in anticipation'that the unit will $0 collect only 100.00% of its taxes in 2006 =Total Debt Levy � $3,414,491 ' Schedule GExpectecd Revenue from Additional SelesTax in caluculafing its effective and rollback tax rates, the unit estimated that it will receive $1,453,176 in additional sales and use tax revenues. This notice bontains a summary of actual effective and rollback tax rates' calculations. You cah inspect a copy of the full calculations at 201. N. Ector Drive, Euless, TX 76039. _ Name of person preparing this notice: Betsy Price' Title: Tarrant County Tax Assessor/Collector Date Prepared: July 26, 2006 Truth -In -Taxation - 2006 A Guide for Setting Tax Rates for Taxing Units Other Than School Districts The Texas Constitution and Property Tax Code incidentally mentions school district requirements for embody the concept of truth -in -taxation to require purposes of discussion. taxing units to comply with certain steps in adopting their tax rates. The truth4n-taxation laws have two There are four principles to truth -in -taxation: purposes: • Property owners have the right to know of increas- e to make taxpayers aware of tax rate proposals es in their properties' appraised value and to be and notified of the estimated taxes that could result from the new value. • to allow taxpayers, in certain cases, to roll back or limit a tax increase. • A taxing unit must publish its effective and roll- back tax rates before adopting an actual tax rate. The Texas Comptroller of Public Accounts is autho- rized to issue publications concerning the adminis- tration of the local property tax in Section 5.05, Tax Code. This guide to tax rate setting —also known as "truth4n4axation"—is prepared as a public service to the thousands of taxing units in the State that will be holding public hearings, considering budgets, and setting rates to impose property taxes this year. By publishing this guide and by conducting statewide seminars to instruct tax assessor collectors, budget officers, and elected officials, the Comptroller's office is providing technical assistance. It is not offering legal advice. Interpretations of law must be made by lawyers representing governmental entities. Questions about the meaning of the statutes, notice requirements, and other matters that are unclear in the law and in this manual should be posed to lawyers and not to the Comptroller's Technical Assistance staff. Some aspects of truth -in -taxation laws do not apply to every type of local government. This guide will identify those parts of the law and discuss their appli- cation to the appropriate taxing units. A separate set of instructions will be prepared to instruct school districts based on the outcome of the 2006 special session of the Texas Legislature. This publication • A taxing unit, other than water districts and small taxing units, with a rate of $0.50 or less per zM0 of property value that raises $500,000 or less in property taxes, must publish special notices and hold two public hearings before adopting a tax rate that exceeds the lower of the rollback rate or the effective tax rate. A water district must publish a special notice of public hearing. Finally, a small taxing unit must publish a simplified notice. • If a taxing unit adopts a rate that exceeds the roll- back rate, voters may petition for an election to limit the rate to the rollback rate. Beginning in early August, taxing units take the first step toward adopting a tax rate by calculating and publishing the effective and rollback tax rates. Effective tax rate. The effective tax rate is a calculat- ed rate that would provide the taxing unit with about the same amount of revenue it received in the year before, on properties taxed in both years. If property values rise, the effective tax rate will go down and vice versa. Rollback tax rate. The rollback rate is a calculated maximum rate allowed by law without voter approval. Truth -in -Taxation for Taxing Units Other Than School Districts (May 2006) — 1 Truth -in -Taxation 2006: A Guide for Setting Tax Rates for Taxing Units Other Than School Districts The rollback rate provides the taxing unit with about the same amount of tax revenue it spent the previous year for day-to-day operations, plus an extra 8 percent increase for those operations plus sufficient funds to pay debts in the coming year. If a unit adopts a tax rate that is higher than the rollback rate, voters in the unit can circulate a peti- tion calling for an election to limit the size of the tax increase. Each taxing unit, other than a water district or a small taxing unit, publishes the effective and rollback rates in a local newspaper, along with a list of the debts it must pay and the amount of money left over from the previous year. If taxpayers believe that the taxing unit hasn't cal- culated and published these rates or other required information in good faith, they may ask a district court to stop the taxing unit from adopting a tax rate until it complies with the law. Legislative Changes in 2005 Taxing units have several procedures to perform when adopting -a tax rate. Senate B111 (S.B.)18, 79th Texas Legislature, Regular Session, provides for changes in notices and hearings. The notice and hearing limit is the effective tax rate or the rollback tax rate, which- ever is lower for taxing units. Taxing units no longer have the 3 percent increase over the effective tax rate before triggering public hearings. Two public hear- ings are required to be held by the governing body instead of one. The notice regarding the public hear- ings includes specific type size, wording and dates to hold these hearings. It requires specific wording and posting requirements for Internet Web sites (if the governing body operates an Internet Web site). S.B. 18 changes the number of required signatures to be collected on a valid rollback petition. S.B. 18 also amends Section 26.06(d), it Code. It states that after each public hearing required by sub- section (b), the governing body shall give notice of the meeting at which it will vote on the proposed tax rate. The notice of the vote must include the dates and times of both public hearings. The law may be inter- preted as requiring one or two notices of a vote on the tax rate. Either interpretation is reasonable, and advice of taxing unit legal counsel should be sought to determine which approach to take in notifying the public of the meeting at which the governing body will vote on the tax rate. S.B. 18 includes required wording and type for the governing bodies' ordinance, resolution or order adopting a rate that exceeds the notice and hearing ts. This document must include large type, a record vote and state the increased tax on a $100,000 home caused by the adopted maintenance and opera- tions rate if the governing body adopted a rate higher than the effective tax rate. 2006 and Subsequent Tax Years S.B. 567 changes taxing units' notification of public hearings for 2006. Taxing units must continue to have two public hearings if they exceed the notice and hearing limit. The notice for these hearings will have larger headline type and include a comparison of the taxes and values for the current and previous tax years. It will also have a statement of the outstanding and/or unpaid bonded indebtedness. Please note that a new model Notice of Public Hearing form has been prepared and can be found in Appendix 10. Do not use the notice from the 2005 manual. 2 —Truth-iri-Taxation for Taxing Units Other Than School Districts (May 2006) 2006 Effective Tax Rate Worksheet Entity Name: City of Euless, TX Date: 08/8/2006 See pages 13 to 16 of the Texas Comptroller's 2006 Truth -in -Taxation Manual for an explanation of the effective tax rate. 1. 2. 3. :� 5. 6. 7. E� .� 10. 11. 12. 2005 total taxable value. Enter the amount of 2005 taxable value on the 2005 tax $2,272,915,735 roll today. Include any adjustments since last year's certification; exclude Section 2S.2S(d) one-third over -appraisal corrections from these adjustments. This total includes the taxable value of homesteads with tax ceilings (will deduct in line 2) and the captured value for tax increment fmancing (will deduct taxes in line 14). _ 2005 tax ceilings. Counties, Cities and Junior College Districts. Enter 2005 total $98,575,774 taxable value of homesteads with tax ceilings. These include the homesteads of homeowners age 6S or older or disabled. Other units enter "0" If your taxing units adopted the tax ceiling provision in 2005 for homeowners age 6S or older or disabled, use this step_ _ ___ _ Preliminary 2005 adjusted taxable value. Subtract line 2 from line 1. $2,174,339,961 � 2005 total adopted tax rate. (/$100) 0.491777 2005 taxable value lost because court appeals of ARB decisions reduced 2005 appraised value. A. Origina1200S ARB values: $124,302,975 B. 2005 values resulting from fmal court decisions: $106,913,624 C. 2005 value loss. Subtract B from A. $17,389,351 2005 taxable value, adjusted for court -ordered reductions. Add line 3 and line $2,191,729,312 SC.----- — — — 2005 taxable value of property in territory the unit deannexed after January 1, $0 2005. Enter the 2005 value of property in deannexed territory. 2005 taxable value lost because property first qualified for an exemption in 2006. Note that lowering the amount or percentage of an existing exemption does not create a new exemption or reduce taxable value. If the taxing unit increased an original exemption, use the difference between the original exempted amount and the increased exempted amount. Do not include value lost due to freeport exemptions or tax abatements. A. Absolute exemptions. Use 2005 market value: $0 � B. Partial exemptions. 2006 exemption amount or 2006 percentage $14,004,327 exemption times 2005 value: C. Value loss. Add A and B. $14,004,327 2005 taxable value lost because property first qualified for agricultural appraisal (1-d or 1-d-1), timber appraisal, recreational scenic appraisal or public access airport special appraisal_in 2006. Use only those properties that first qualified in 2006; do not use properties that qualified in 2005. i A. 2005 market value: $0 �� B. 2006 productivity or special appraised, value: $0 I, C. Value loss. Subtract B from A. $0 Total adjustments for lost value. Add lines 7, 8C and 9C. $14,004,327 2005 adjusted taxable value. Subtract line 10 from line 6. $2,177,724,985 Adjusted 2005 taxes. Multiply line 4 by line 11 and divide by $100. $10,709,550 Truth In Taxation May 2006 Page: 1 2006 Effective Tax Rate Worksheet Entity Name: City of Euless, TX 13. 14. 15. 16. 17. 18. Date: 08/8/2006 Taxes refunded for years preceding tax year 2005. Enter the amount of taxes $53,126 refunded during the last budget year for tax years preceding tax year 2005. Types of refunds include court decisions, Section 25.25(b) and (c) corrections and Section 31.11 payment errors. Do not include refunds for tax year 2005. This line applies only to tax years preceding tax year 2005. _ ___ I Taxes in tax increment financing (TIF) for tax year 2005. Enter the amount of $0 taxes paid into the tax increment fund for a reinvestment zone as agreed by the taxing unit. If the unit has no 2006 captured appraised value in Line 16D, enter ��0 �� Adjusted 2005 taxes with refunds. Add lines 12 and 13, subtract line 14. $10,762,676 Tota12006 taxable value on the 2006 certified appraisal roll today. This value includes only certified values and includes the total taxable value of homesteads with tax ceilings (will deduct in line 18). These homesteads includes homeowners age 65 or older or disabled. A. Certified values only: $2,349,723,469 B. Counties: Include railroad rolling stock values certified by the $0 Comptroller's office: C. Pollution control exemption: Deduct the value of property exempted $0 for the current tax year for the first time as pollution control property (use this line based on attorneys advice): D. Tax increment fmancing: Deduct the 2006 captured appraised value $0 of property taxable by a taxing unit in a tax increment financing zone for which the 2006 taxes will be deposited into the tax increment fund. Do not include any new property value that will be included in � I line 21 below. I E. Tota12006 value. Add A and B, then subtract C and D. $2,349,723,469 fff--Total value of properties under protest or not included on certified appraisal roll. A. 2006 taxable value of properties under protest. The chief appraiser $50,398,572 certifies a list of properties still under ARB protest. The list shows the district's value and the taxpayer's claimed value, if any or an estimate of the value if the taxpayer wins. For each of the properties under protest, use the lowest of these values. Enter the total value. B. 2006 value of properties not under protest or included on certified $35,649,806 appraisal roll. The chief appraiser gives taxing units a list of those taxable properties that the chief appraiser knows about but are not included at appraisal roll certification. These properties also are not � on the list of properties that are still under protest. On this list of properties, the chief appraiser includes the market value, appraised value and exemptions for the preceding year and a reasonable estimate of the market value, appraised value and exemptions for the current year. Use the lower market, appraised or taxable value (as appropriate). Enter the total value. C. Total value under protest or not certified. Add A and B. $86,048,378 2006 tax ceilings. Enter 2006 total taxable value of homesteads with tax $101,451,918 � ceilings. These include the homesteads of homeowners age 65 or older or ', disabled. Other units enter "0." If your taxing units adopted the tax ceiling provision in 2005 for homeowners age 65 or older or disabled, use this step. __ Truth In Taxation May 2006 Page: 2 2006 Effective Tax Rate Worksheet Entity Name: City of Euless, TX 19. 20. 21. 22. 23. 24. 25. Date: 08/8/2006 2006 total taxable value. Add lines 16E and 17C. Subtract line 18. $2,334,319,929 Tota12006 taxable value of properties in territory annexed after January 1, 2005. $0 Include both real and personal property. Enter the 2006 value of property in territory annexed. Tota12006 taxable value of new improvements and new personal property $54,724,905 located in new improvements. "New" means the item was not on the appraisal roll in 2005. An improvement is a building, structure, fixture or fence erected on or affixed to land. A transportable structure erected on its owner's land is also included unless it is held for sale or is there only temporazily. New additions to existing improvements may be included if the appraised value can be determined. New personal property in a new improvement must have been brought into the unit after January 1, 2005 and be located in a new improvement. New improvements do include property on which a tax abatement agreement has expired for 2006. New improvements do not include mineral interests produced for the first time, omitted property that is back assessed and increased appraisals on existing property. Total adjustments to the 2006 taxable value. Add lines 20 and 21. $54,724,905 2006 adjusted taxable value. Subtract line 22 from line 19. $2,279,595,024 2006 effective tax rate. Divide line 15 by line 23 and multiply by $100. (/$100) 0.472131 COUNTIES ONLY. Add together the effective tax rates for each type of tax the Lcounty levies. The total is the 2006 county effective tax rate. (/$100) _ A county, city or hospital district that adopted the additional sales tax in August or November 2005 or in January or May 2006 must adjust its effective tax rate. The Additional Sales Tax Rate Worksheet on page 41 of the Texas Comptroller's 2006 Truth -in -Taxation Manual sets out this adjustment. Do not forget to complete the Additional Sales Tax Rate Worksheet if the taxing unit adopted the additional sales tax on these dates. Truth In Taxation May 2006 Page: 3 2006 Rollback Tax Rate Worksheet Entity Name: City of Euless, TX Date: 08/8/2006 See pages 17 to 21 of the Texas Comptroller's 2006 Truth -In -Taxation Manual for an explanation of the rollback tax rate. 26, 27, 2 3� 2005 maintenance and operations (M&O) tax rate. (/$100) 0.340321 ----� 2005 adjusted taxable value. Enter the amount from line 11. $2,177,724,985 2005 M&O taxes. A. Multiply line 26 by line 27 and divide by $100. $7,411,255 B. Cities, counties and hospital districts with additional sales tax: $1,215,014 Amount of additional sales tax collected and spent on M&O expenses in 2005. Enter amount from full year's sales tax revenue spent for M&O in 2005 fiscal year, if any. Other units, enter "0." Counties exclude any amount that was spent for economic development grants from the amount of sales tax spent. C. Counties: Enter the amount for the state criminal justice mandate. If $0 second or later year, the amount is for increased cost above last year's amount. Other units, enter "0." D. Transferring function; If discontinuing all of a department, function $0 or activity and transferring it to another unit by written contract, enter the amount spent by the unit discontinuing the function in the 12 months preceding the month of this calculation. If the unit did not operate this function for this 12-month period, use the amount spent in the last full fiscal year in which the unit operated the function. The unit discontinuing the function will subtract this amount in H below. The unit receiving the function will add this amount in H below. Other units, enter "0." E. Taxes refunded for years preceding tax year 2005: Enter the amount $36,764 of M&O taxes refunded during the last budget year for tax years preceding tax year 2005. Types of refunds include court decisions, Section 25.25(b) and (c) corrections and Section 31.11 payment errors. Do not include refunds for tax year 2005. This line applies only to tax years preceding tax year 2005. F. Enhanced indigent health care expenditures: Enter the increased $0 amount for the current year's enhanced indigent health care expenditures above the preceding tax year's enhanced indigent health care expenditures, less any state assistance. G. Taxes in tax increment fmancing (TIF): Enter the amount of taxes $0 paid into the tax increment fund for a reinvestment zone as agreed by the taxing unit. If the unit has no 2006 captured appraised value in Line 16D, enter "0." H. Adjusted M&O Taxes. Add A, B, C, E and F. For unit with D, $8,663,033 � subtract if discontinuing function and add if receiving function. Subtract G. ►. 2006 adjusted taxable value. A. Enter line 23 from the Effective Tax Rate Worksheet. $2,279,595,024 ). 2006 effective maintenance and operations rate. Divide line 28H by line 29 and 0.380025 multiply by $100. ___ _ ___ _ Truth In Taxation -- May 2006 Page: 1 2006 Rollback Tax Rate Worksheet Entity Name: City of Euless, TX Date: 08/8/2006 See pages 17 to 21 of the Texas Comptroller's 2006 Truth -In -Taxation Manual for an explanation of the rollback tax rate. 31. 32. 33 34 35 36 37 38 39 40 2006 rollback maintenance and operation rate. County, cities and others: . . . 0.410427 Multiply line 30 by 1.08. (See lines 49 to 52 for additional rate for pollution control expenses.) (/$100) Tota12006 debt to be paid with property taxes and additional sales tax revenue. $3,414,491 "Debt" means the interest and principal that will be paid on debts that: (1) are paid by property taxes, (2) are secured by property taxes, (3) are scheduled for payment over a period longer than one year and (4) are not classified in the unit's budget as M&O expenses. Debt also includes contractual payments to other taxing units that have incurred debts on behalf of this taxing unit, if those debts meet the four conditions above. Include only amounts that will be paid from property tax revenue (or additional sales tax revenue). Do not include appraisal district budget payments. List the debt in "Schedule B: Debt Service." If using unencumbered funds, subtract unencumbered fund amount used from total debt and list remainder. Certified 2005 excess debt collections. Enter the amount certified by the collector. $0 Adjusted 2006 debt. Subtract line 33 from line 32. $3,414,491 Certified 2006 anticipated collection rate. Enter the rate certified by the collector. If the rate is 100 percent or greater, enter 100 percent. 100.00% . 2006 debt adjusted for collections. Divide line 34 by line 35. $3,414,491 . 2006 total taxable value. Enter the amount on line 19. $2,334,319,929 . 2006 debt tax rate. Divide line 36 by line 37 and multiply by $100. (/$100) 0.146273 . 2006 rollback tax rate. Add lines 31 and 38. (/$100) 0.556700 . COUNTIES ONLY. Add together the rollback tax rates for each type of tax the county levies. The total is the 2006 county rollback tax rate. (/$100) A taxing unit that adopted the additional sales tax must complete the lines for the Additional Sales Tax Rate. A taxing unit seeking additional rollback protection for pollution control expenses completes the Additional Rollback Protection for Pollution Control. Truth In Taxation May 2006 Page: 2 2006 Additional Sales Tax Rate Worksheet Entity Name: 41. 42. 43. 44. 45. 46, 47 L£1 City of Euless, TX Date: 08/8/2006 Units that adopted the sales tax in August or November 2005 or in January or $0 May 2006. Enter the Comptroller's estimate of taxable sales for the previous four quarters. Units that adopted the sales tax before August 2005, skip this line. _ _ _ _ _____ ___ __ __ Estimated sales tax revenue. __ $1,453,176 Counties exclude any amount that is or will be spent for economic development grants from the amount of estimated sales tax revenue. UNITS THAT ADOPTED THE SALES TAX IN AUGUST OR NOVEMBER 2005 or IN JANUARY OR MAY 2006. Multiply the amount on line 41 by the sales tax rate (.01, .005 or .0025, as applicable) and multiply the result by .95. -OR- UNITS THAT ADOPTED THE SALES TAX BEFORE AUGUST 2005. Enter the sales tax revenue for the previous four quarters. Do not multiply by .95. _ _ 2006 total taxable value. Enter the amount from line 37 of the Rollback Tax $2,334,319,929 Rate Worksheet. Sales tax adjustment rate. Divide line 42 by line 43 and multiply by $100. 0.062253 2006 effective tax rate, unadjusted for sales tax. Enter the rate from line 24 or 0.472131 25, as applicable, on the Effective Tax Rate Worksheet. 2006 effective tax rate, adjusted for sales tax. UNITS THAT ADOPTED THE 0.472131 SALES TAX IN AUGUST OR NOVEMBER 2005 or IN JANUARY OR MAY 2006. Subtract line 44 from line 45. -OR- UNITS THAT ADOPTED THE SALES TAX BEFORE AUGUST 2005. Enter line 45. Do not subtract. __ � _ 2006 rollback tax rate, unadjusted for sales tax. Enter the rate from line 39 or 0.556700 40, as applicable, of the Rollback Tax Rate Worksheet. 2006 rollback tax rate, adjusted for sales tax. Subtract line 44 from line 47. 0.494447 If the additional sales tax rate increased or decreased from last year, contact the Comptroller's office for special instructions on calculating the sales tax projection for the first year after the rate change. Truth In Taxation -- May 2006 Page: 1 City of Euless Comparison of City Taxes on 100 Homes Based on 2005 Taxes Paid versus 2006 Taxes Due at Proposed Rate Appraised Value 2005 Homestead Exemption/ Disabled Over 65 Exemption Cap - Frozen Property Tax Paid 2005 Appraised Value 2006 Homestead Exemption / Disabled Over 65 Exemption Cap - Frozen Property Tax Due 2006 (@ 48.950 Tax Rate) Difference 1 $110,400,00 $22,080.00 $0,00q($18,25) 434.34 $110,400.00 $22,080.00 $432,33 $2.01 2 $147,100,00 $291420.00 $0.00578,72 $147,100,00 ($29,420.00 $576,04 $2.68 3 $197,500,00 ($39,500.00 $0,00777,01 $197,500,00 $39,500.00 $0,00 $773,41 $3.60) 4 $108,200.00 $21,640.00 $0,00425,68 $108,200.00 $21,640.00 §423,71 $1.97 5 $86,400.00 $17,280.00 $0,00339,92 $862400.00 ($17,280.00 $0,00 $338.34 $1.57 6 $51,243,00 $10,248.60 $35,000.00$11,23 $56,367.00 $11,273.40 $35,000.00 $38.18 $11,23 $0.00 7 $93,300.00 $182660.00 $0,00 $0,00 $367,06 $931300.00 $18,660.00 $0.00 $365,36 $1.70 8 $1159810,00 ($23,162.00) ($350000.00 $39.83 $243,67 $124,600.00 $24,920,00 $35,000.00 $72.94 $243,67 $0.00 9 $106,731.00 $21,346.20 $0,00 $0,00 $419.90 $114,100,00 $22,820.00 $0,00 $446,82 $26,91 10 $104,600,00 ($20v920,00) $0,00 $0,00 $411,52 $104,600,00 $20,920.00) $0,00 $409,61 $1.91 11 $109,300,00 $21,860.00 $352000.00) ($27.62 $230,27 $109,300,00 $21,860.00 $35,000.00 -26.42 $230,27 $0,00 12 $831000,00 $16,600.00 $0,00 $0,00 $326,54 $83,000.00 $16,600.00 $0,00 $325,03 $1.51 13 $90,700.00 $18,140.00 $35,000.00 $5.92 $178079 $90,700,00 $18,140.00 $35,000.00 -5.07 $178,79 $0,00 14 $121,000,00 $24,200.00 $0,00 $0,00 $476,04 $121,000.00 $24,200.00 $0,00 $473.84 $2.20 15 $93,100.00 $18,620.00) $0.00 $0,00 $366,28 $93,100,00 $18,620.00 $0,00 $364,58 $1.70) 16 $121,100.00 $241220.00 $0.00 $0,00 $476,43 $1217100,00 ($24,220.00 $0.00 $474.23 $2.21 17 $103,700,00 ($20,740.00 $0,00 $0,00 $407,98 $103,700,00 ($201740.00 $0,00 $406,09 $1.89 18 $104,800,00 $20,960.00) $47,000.00 $32.47 $148,70 $104,800.00 $20,960.00 $47,000.00 $31.63 $148,70 $0,00 19 $191t800.00 $38,360.00 $0,00 $0,00 $754,58 $191,800,00 $38,360.00 $751,09 ($3.49 20 $1252600.00 $251120.00 $35,000.00) $0,00 $322,02 $125,600,00 $25,120.00 ($35,000.00) $320,52 ($1.49 21 $1469100.00 $29,220.00) $47,000.00) $0,00 $343,65 $146,100,00 $29,220.00 $47,000.00 $342,06 $1.59 22 $1511200,00 $30,240.00 $35,000.00) $0,00 $422,73 $151,200,00 ($30,240.00 $35,000.00 $420,77W$207 23 $1482200,00 ($29,640.00 $0,00 $0,00 $583,05 $1481200.00 $29,640.00 $0,00 $580,35 24 $158,700.00 ($31,740.00) $0,00 $0,00 $624,36 $158,700,00 $310740.00 $0.00 $621.47 25 $1641200,00 ($32,840.00) $0,00 $0.00 $646,00 $164,200,00 ($32,840.00 $0.00 $643,0126 $106,300.00 ($21,260.00) $0,00 $0,00 $418,21 $106,300,00 $21,260.00) $0,00 $416,2727 $105,600.00 $21,120.00 $35,000.00 $0.00 $243.33 $105,600,00 $21,120.00 $35,000.00 $242.20 28 $97,400,00 $19,480.00) $35,000.00 $0,00 $211,07 $97,400,00 $19,480.00 $35,000.00) $210.09 $0.98 29 $95,000,00 $19,000.00 $0,00 $0,00 $373,75 $95,000.00 $19,000.00 $0,00 $372.02 $1.73) 30 $102,900,00 ($20,580.00 ($35,000.00 $0,00 $232,71 $102,900.00 ($20,580.00 $35,000.00) $231.63 $1.08 31 $121t700.00 ($24,340.00) $35,000.00 $0,00 $306,67 $121,700,00 $24,340.00 $35,000.00 $305,25 ($1.42 32 $116,900.00 ($23,380.00 $0,00 $0,00 $459,91 $116,900.00 ($23,380.00 $0.00 $457,78 $2.13) 33 $81,700.00 $16,340.00 ($35,000.00) ($11.29) $138,01 $81,700.00 $16,340.00) $35,000.00 $10.60 $138,01 $0.00 34 $141,700.00 $0.00 $0,00 $0.00 $696.85 $141,700.00 $693,62 $3.23) 35 $107,500,00 ($21,500.00) $0,00 $0.00 $422.93 $107,500.00 $21,500.00 $0.00 $420.97 $1.96 36 $1183500,00 $23,700.00 $0.00 $0,00 $466,20 $1182500.00 $23,700.00 $0.00 $464.05 $2.16 (Value Unchanged @ $114,100- Subject to 10% cap) City of Euless Comparison of City Taxes on 100 Homes Based on 2005 Taxes Paid versus 2006 Taxes Due at Proposed Rate Appraised Value 2005 Homestead Exemption/ Disabled Over 65 Exemption Cap - Frozen Property Tax Paid 2005 Appraised Value 2006 Homestead Exemption / Disabled Over 65 Exemption Cap - Frozen Pro a ax Due 2006 (@ 48.950 Tax Rate) Difference 37 $136,700,00 $271340.00 $0,00 $0,00 $537.81 $136,700,00 $27,340.00 $535,32 $2.49 (Value $132,1 (Value City of Euless Comparison of City Taxes on 100 Homes Racari nn 9nni; Taxac Pairs varcuc MOO Taxes Due at Pronosed Rate Appraised Value 2005 Homestead Exemption/ Disabled Over 65 Exemption Cap - Frozen Pro erty Tax Paid 2005 Appraised Value 2006 Homestead Exemption / Disabled Over 65 Exemption Cap - Frozen Property Tax Due 2006 (@ 48.950 Tax Rate) Difference 74 $144,500.00 $281900.00 $0.00 $0.00 $568,49 $144,500.00 $28,900.00 $0,00 $565.86 ($2.63 75 $170,500.00 $34,100.00 $35,000.00 $0,00 $498.66 $177,700,00 $35,540.00 $35,000.00 $25.89 $498,66 $0.00 76 $192,400,00 $38,480.00 $35,000.00 $0,00 $584,82 $192,400,00 $38,480.00 ($35,000.00) $582,11 $2.71 77 $79,700,00 $151940.00 $35,000.00) $0,00 $141.44 $79,700,00 $15,940.00 $35,000.00) $140,78 $0.65 78 $179,800,00 $351960.00) $0,00 $0.00 $707,37 $179,800.00 $35,960.00 $0,00 $704,10 $3.28 79 $112,900,00 $22,580.00 $0,00 $0,00 $444,17 1$112,900,00 $22,580.00 $442012 $2.06 80 $120,600,00 $241120.00 $35,000.00 $0,00 $302,34 $120,600.00 $24,120.00 $35,000.00) $300,94 $1.40 81 82 $2202500,00 $188,000.00 $441100.00 $37,600.00 $0,00 $0,00 $0,00 $0,00 $867,49 $739,63 $220,500,00 $188,000.00 $442100.00 $37,600.00 $0,00 $0,00 $863,48 $736.21 $4.02) $3.42 83 $212,100,00 $42,420.00 $0,00 $0,00 $834,45 $212,100,00 $42,420.00 $830.58 $3.86 84 $1401000.00 $28,000.00) $0.00 $0.00 $550.79 $140,000,00 $28,000.00 $0,00 $548,24 $2.55 85 $168,000,00 $33,600.00) $0,00 $0.00 $660,95 $168,000.00 $33,600.00 $0,00 $657,89 $3.06 (Value increased - also subject to 10% cap) (Value $208,500 Unchanged -Subject to 10% Cap) (New Construction ) )( (New Construction)X Account Apartment Complex 2794039 4740874 Sotogrande Apartments Oakmont of Westdale Hills Doral Pinehurst La Costa Bonaventure Muirfield Village 876070 Euless Square Apartments 912107 Vickery Square Apartments 3923754 183 Motel 2269759 Mission Pointe 2269775 699152 Del Prado 3849406 Wilshire Park Manor 3849333 Sunset Ridge 3849325 Sunset Ridge 3849317 Sunset Ridge 2943824 Spring Valley Apartments 4973216 Timbercreek 2269783 Bear Creek (Twin Bridge) 4651383 Autumn Run 669814 Brentwood 3274608 Concord House 3926966 Concord Terrace 3926974 1990411 Dickey Apartments 6616011 1784099 Euless Apartments 2058979 Hillside Village Oakwood Crest 89605 89621 89613 89648 4653491 Royal Terrace Location 1100 Sotogrande 1501 Sotogrande Blvd. 1401 Sotogrande Blvd, 1401 Sotogrande Blvd, 1401 Sotogrande Blvd. 1401 Sotogrande Blvd, 1401 Sotogrande Blvd, 1401 Sotogrande Blvd, 1304 Raider Drive 3015 W. Pipeline Rd. 2500 W. Euless Blvd. 917 Del Paso St. 928 Del Prado 1300 Sagebrush Tr 1400 Sagebrush Tr 1450 Sagebrush Tr 1500 Sagebrush Tr 807 S. Main Street 1881 W. Airport Frwy 605 Del Paso 505 E. Alexander 311 S. Industrial 1001 Villa Dr. 306 Park Dr. 306 Park Dr. 204 Dickey Dr. 205 Dickey Dr. 611 W. Euless Blvd 306 Vine St. 231 Martha St, 207 E Alexander 213 E Alexander 215 E Alexander 307 Martha St. 306 Martha St. 2006 Values $ 5,402,521 $ $ 213391340 $ $ 3,103,061 $ $ 11361,814 $ $ 248,132 $ $ 31250,000 $ $ 3,116,000 $ $ 930,933 $ $ 11016,485 $ $ 11030,604 $ $ 11020,880 $ $ 41149,650 $ $ 5,969,267 $ $ 51124,185 $ $ 11027,059 $ $ 41089,568 $ $ 21222,746 $ $ 534,908 $ $ 645,419 $ $ 106,110 $ $ 111,870 $ $ 554,197 $ $ 21441,950 $ $ 395,385 $ $ 522,450 $ $ 359,290 $ $ 395,385 $ 2005 Values 4,962,650 $ 2,1481872 $ 2,800,000 $ 1,0501000 $ 2481132 $ 3,2501000. $ 2,680,059 $ 884,535 $ 9651824 $ 979,239 $ 9703000 $ 3,9521559 $ 5,2001000 $ 5,0001000 $ 6941000 $ 3,6451558 $ 2,2221746 $ 5341908 $ 6451419 $ 36,094 $ 20,625 $ 468,000 $ 2,1991000 $ 389,725 $ 514,971 $ 2551578 $ 389,726 $ 1,9711090 $ Change in Value 439,871 190,468 303,061 311,814 435,941 46,398 50,661 51,365 50,880 197,091 769,267 124,185 333,059 444,010 70,016 91,245 86,197 242,950 4 � . 5,660 7,479 103,712 5,659 107,888 Account Apartment Complex Location 2062488 Southwest 304 Norman Dr. 2062496 304 Norman Dr. 424226 Vienna Terrace 150 S. Main St. 4971620 Arbors Of Euless 1002 Fuller Wiser Rd. 4971639 4971647 5559847 Bear Creek Villas 500 E. Harwood Rd. 797561 Manchester 100 Manchester St, 4422236 Hunt Club 1001 Fuller Wiser Rd. 7698607 Park Plaza 333 E. Denton Dr. 5555574 Woodcreek Condominiums 311 E. Denton Dr. 5865719 The Landing 1130 Bear Creek Parkway 7372264 Colonial Grand (Milano) 1200 Fuller Wiser Rd 4419529 Aspen Oaks 905 W. Ash Ln. 2741520 Charter Oaks 105 E. Harwood Rd. 917451 The Lodge At Main (Fair Oaks) 301 Fair Oaks Blvd, Oak Park -can't locate 1350 N. Main 6650767 Tall Timbers Apartments 501 Sycamore Ln. 6800017 Tall Timber Townhomes 1581 Cedar Elm Dr. 4971655 Colonial Village 200 W. Bear Creek 5668840 Willow Ridge 1050 W. Ash Ln, 7169647 Mansions by the Vineyards 2400 N. SH 121 5528879 Park Place Townhomes 425 E. Harwood Rd. 5528887 425 E. Harwood Rd. 5528895 425 E. Harwood Rd. 40446433 Seramont 2440 N. SH 121 6934528 Ash Lane 601 E. Ash Ln. 5554012 Overlook 800 E. Ash Ln 7577303 Collins Park 2001 Hwy 360 5554403 Enclave 855 E. Ash Ln. 5876052 Fountainwood 750 E. Mid -Cities Blvd 7583796 Oakmont at Bear Creek 2121 Bear Creek Pkwy 2006 2005 Change in Values Values Value $ 1,074,554 $ 1,064,829 41P 9,725 $ 1,277,366 $ 11268,166 $ 91200 $ 610,587 $ 501,566 $ 109,021 $ 101265,523 $ 91245,000 $ 11020,523 $ 1,765,902 $ 23,269 $ 1,742,633 $ 81105,600 $ 81000,000 $ 105,600 $ 91342,058 $ 81971,907 $ 370,151 $ 51409,059 $ 51254,960 $ 154,099 $ 11025,941 $ 31,095 $ 994,846 $ 13,973,300 $ 13,578,205 $ 3959095 $ 37,699,475 $ 28,800,000 $ 81899,475 $ 11388,618 $ 11388,618 $ $ 31660,528 $ 3,660,528 $ - $ 51285,332 $ 512851332 $ $ 9,869,812 $ 35,900 $ 9,833,912 $ 470,032 $ 29,282 $ 440,750 $ 51213,591 $ 41400,000 $ 813,591 $ 3,3221190 $ 31000,000 $ 322,190 $ 241216,605 $ 22,150,000 $ 21066,605 $ 11577,288 $ 11436,475 $ 140,813 $ 11477,034 $ 1,3171849 $ 1591185 $ 21575,287 $ 21345,676 $ 229,611 $ 30,361,591 $ 28,400,000 $ 11961,591 $ 61583,495 $ 51551,155 $ 11032,340 $ 13,759,368 $ 12,000,000 $ 11759,36£ G $ 16,286,222 $ 14,300,000 $ 11986,222 $ 11,756,783 $ 10,U40,000 $ 11716,783 $ 13,459,109 $ 91000,000 $ 4,4591109 $ 15,865,214 $ 13,448,350 $ 21416,864 Account Apartment Complex Location 2006 2005 Change in Values Values Value 7161646 Norstar 700 Co Ash Lane $ 16,104,883 $ 15,000,000 $ 11104,883 5866154 Sandstone 1500 Bear Creek Pkwy. $ 51101,730 $ 31485,532 $ 11616,198 7583435 Stonebridge 2300 Fuller Wiser Rd $ 121900,516 $ 91873,747 $ 31026,769 5553873 Village Green 1800 Fuller Wiser Rd $ 10,755,235 $ 9,2001000 $ 11555,235 5554330 Woodchase 1000 E. Ash Ln. $ 10,1191317 $ 81200,000 $ 11919,317 40012018 Franciscan 1600 Village $ 21,534,897 $ 18,390,000 $ 31144,897 40647528 Mandolin 2525 Highway 360 $ 13,917,695 $ 13,700,000 $ 217,695 40034755 2525 Highway 360 $ 24,082,305 $ 22,300,000 $ 11782,305 40621936 Park Side 700 Hilltrail $ 14,344,159 $ 11,587,930 $ 21756,229 40617750 Stoneleigh at Bear Creek 1401 Highway 360 $ 17,747,376 $ 15,545,569 $ 21201,807 40617742 1300 Bear Creek Pkwy $ 20,5001455 $ 17,954,431 $ 29546,024 2054183 SW Properties 106 E. Ash Lane $ 8,913,618 $ 8,508,444 $ 405,174 Total $ 487,247,837 $ 417,353,125 $ 69,894,712 L � , Accounts Car Rental Facility 8342563 Hertz Rent A Car 11451181 Vanguard 10879226 Avis 11063009 Advantage 11063025 Dollar Rent A Car 11063033 Enterprise 11063068 Thrifty Car Rental 11705329 EZ Rent A Car 8339589 Budget Rent A Car Total 2006 2005 Changes in Values Values Value $ 63,707,382 $ 59,879,524 $ 31827,858 $ 53,219,084 $ 39,321,118 $ 131897,966 $ 53,822,532 $ 26,907,034 $ 26,915,498 $ 61228,655 $ 51524,000 $ 704,655 $ 91211,359 $ 71655,186 $ 11556,173 $ 14,501,363 $ 11,327,664 $ 31173,699 $ 51800,470 $ 41827,415 $ 973,055 $ 41829,721 $ - $ 41829,721 $ 29,855,770 $ 15,188,029 $ 14,667,741 $ 241,176,336 $ 170,629,970 $ 70,546,366 aG. T " E ; " T Y ° F Consolidated Statement of Revenues & Expenditures Z=� =�� Historical Analysis - FY 2007 Proposed Budget (Presented In Thousands) 2004 2005 2006 2007 Actual Actual Projected Proposed Operating Revenues Property Tax 10192 11017 11277 11702 General Sales Tax 9230 9649 11621 12066 Selective Sales Tax 10440 11105 12283 11283 Gross Receipts Tax 3226 3327 3566 3355 Penalties 106 362 384 343 Licenses & Permits 1098 777 606 588 Intergovernmental Revenue 1057 487 386 386 Charges For Service 19309 20917 21552 21603 Fines & Court Costs 2820 3057 3016 2969 Interest/Rent/Misc 2017 2363 4824 2585 Bond Proceeds 9725 14497 7610 - Insurance/Risk Contributions 2210 2787 3223 3744 71429 80344 80347 70623 Transfers Capital Operating/Debt 8077 8077 7096 7096 7796 7796 6504 6504 Operating Revenues 79506 87440 88143 77127 T H E, T Y o F Consolidated Statement of Revenues & Expenditures FLYLESS Historical Analysis - FY 2007 Proposed Budget (Presented In Thousands) Overatin� Exuenses Salaries Benefits Professional/Technical Services Contract Services Water Purchase/Utility Maintenance Other Purch Svcs/Contingency Insurance G&A-Other Rebates/Incentives Supplies Capital Expenses Payment For Refunded Bonds Debt Transfers Operating/Debt Capital 2004 2005 2006 2007 Actual Actual Projected Proposed 19091 19508 20786 21634 4694 5284 5853 7132 2592 2616 2883 2918 152 522 11 30 6435 7299 8445 8791 1244 1188 1350 1361 939 443 793 807 3593 3227 4338 4480 1022 342 357 365 7208 7884 9379 8845 2190 2363 2389 2540 2415 2298 2635 5385 - 14603 7668 - 7481 7120 6986 7102 59056 74697 73874 71390 7955 3907 11862 6815 1508 8323 7518 4801 12319 6246 2514 8760 Operating F,xpenses 70917 83020 86193 80150 One -Time Capital Rollover FY 2006 (by Account) Project Account Department Fund Program Description Prog. Expended Number Number Cost YTD (June) Spend Amount Roll to be Return Spent Complete FY06 Amount Amount to be to be Rolled Returned FY07 10 1 -9060-590-5004 Admin General Fund lContingency $ 82,594 $ 12,319 Spend FM0206 101-9060-590-7309 Facility Maint, General Fund Roof Consultant/Roof Re air $ 8,262 $ 1.600 Roll FM0208 101-9060-590-7309 Facility Maint. General Fund Security fences & gates $ 23,550 $ 10.736 Roll $ 10,736 $ 12,814 $ FM0401 101-9060-590-7309 Facility Maint. General Fund Energy Conservation Measures-2nd year $ 1,955 $ 1,638 Complete $ 1,638 $ $ 317 FMO501 101-9060-590-7309 Facility Maint. General Fund Energy Conservation Measures-3rd year $ 1,253 $ 1,595 Complete $ 1,253 $ - $ - FM0502 101-9060-590-7309 Facility Maint, General Fund Window Replacement Program $ 30413 $ - Roll $ - $ 3,413 $ - FM0602 101-9060-590-7309 Facility Maint, General Fund HVAC Replacement Program $ 10,000 $ Spend $ 10,000 $ $ FMO603 1101-9060-590-7309 Facility Maint, General Fund Ruth Millican - Repaint $ 10,500 $ 61815 Complete $ 6,815 $ $ 31685 FM0604 101-9060-590-7309 FacilityMaint, General Fund Fire Station #1 - Tile Work $ 11,800 $ 81063 Complete $ 81063 $ $ 3,737 FM0605 101-9060-590.7309 Facility Maint, General Fund Fire Station #2 - Repaint $ 15,500 $ 5,885 Complete $ 5,885 $ $ 9,615 FM0606 101-9060-590-7309 FacilityMaint, General Fund Window Replacement $ 21,000 $ Roll $ 12,000 $ 99006 $ $ 107,233 $ 369331 $ 57,990 $ 31,889 $ 17,354 1S0203 101-9060-590.7404 Information Svcs. General Fund Hardware/Software various de artments $ 32,531 $ Send $ 32,531 $ - $ - ISO401 101-9060-590-7404 Information Svcs. General Fund online Bill Pa for Water and Courts Is 2,480 $ 2,475 Spend $ 2,480 $ $ IS0601 101-9060-590-7404 Information Svcs. General Fund Hardware/Software Upgrades Is 87,494 $ 74,539 Spend $ 83,174 $ 4,320 Is $ 122.505 $ 77,014 $ 1189185 $ 41320 1 $ CM0601 101-9060.590-7499 Admin General Fund Banners for Ci Hall Com lex $ 6,850 $ - Send $ 6,850 $ - $ - CM0602 101-9060-590-7499 Admin General Fund ListSery Software $ 700 $ 450 Complete $ 450 $ $ 250 PW0601 101-9060-590-7499 PACS General Fund Street Overlay $ 300,000 $ 2,538 Spend $ 300,000 $ $ FD0601 101-9060-590-7499 Fire General Fund 5" Fire Hose $ 20,220 $ 18,017 Spend $ 20,220 $ $ FD0602 101-9060-590-7499 Fire General Fund Life ak Heart Monitor $ 20,500 $ 19,634 Complete $ 190634 $ $ 866 FD0603 101-9060.590-7499 Fire General Fund Bunker Gear Protective Clothing $ 44,255 $ 44,255 Complete $ 44,255 $ $ F10601 101-9060-590-7499 Finance General Fund GASB 45 Stud $ 35,000 $ 61000 Roll $ 10,500 $ 24,500 $ F10602 101-9060-590-7499 Finance General Fund Copier $ 10,000 $ 91224 Complete $ 9,224 $ $ 776 FM0301 101-9060-590-7499 Facility Maint. General Fund Carpet Replacement Library Confemce Room $ 2,315 $ - Return Is - $ - $ 20315 FMO303 101-9060-5904499 Facility Maint. General Fund Building B Interior Upgrade $ 12,000 $ Spend $ 12,000 $ $ ISO403 101-9060-590-7499 Information Svcs. General Fund Consultin -Information Services $ 11,827 $ 79220 Roll $ 71220 $ 41607 $ LB0602 101-9060-590-7499 Library General Fund Security Resensitizer $ 1,175 $ Spend $ 1,175 $ $ L80603 101-9060.590-7499 Library General Fund Shelving $ 2220 $ 14163 Spend $ 2,120 $ - $ 100 L80604 101-9060-590-7499 Library General Fund Meeting Room Chair Replacements $ 21875 $ 24872 Spend $ 2,875 $ $ LB0605 101-9060-590-7499 Library General Fund Video Recorder System $ 31595 $ 4296 Spend $ 3,595 $ S LB0606 101-9060-590-7499 Library General Fund Teen Room Furniture $ 4,163 $ Spend $ 4,163 $ $ L80607 101-9060-590-7499 Libra General Fund Reu holster Furniture $ 69065 $ Roll $ $ 6,065 $ LB0608 101-9060.590-7499 Library General Fund Phone System $ 12,388 $ Spend $ 12,388 $ $ PDO506 101-9060-590-7499 Police General Fund Document Imaging System Upgrade Court Technology) $ 7,949 $ 7,949 Complete $ 7,949 $ - $ - PR0608 101-9060-590-7499 PACS General Fund Contract Flower Bed Maintenance $ 25,000 $ 7,428 Roll $ 18,643 $ 6,357 $ - PR0609 101-9060-590-7499 PACS General Fund Deck Chairs $ 50000 $ 4,960 Complete $ 4,960 $ $ 40 PR 6610 101-9060-590-7499 PACS General Fund Securi Camera's $ 3,595 $ 31575 Complete $ 31575 $ - $ 20 TOTAL GENERAL FUND $ 537,692 $ 139,581 $ 491,796 $ 41,529 $ 41367 $ 850,024 $ 2659305 $ 747,971 $ 77,738 $ 24,315 One -Time Capital Rollover FY 2006 (by Account) Project Account Department Fund Program Description Number Number Prog. Expended Cost YTD (June) Spend Amount RoII to be Return Spent Complete FY06 Amount Amount to be to be Rotled Returned FY07 n/a 210-1031-531-9310 Admin EDC Transfer to UP $ 150,000 $ 150,000 Com lete n!a 210-1031-531-9310 Admin EDC lContingency Is 40,490 1 $ Return $ - $ - $ 40,490 $ 190,490 1 $ 150,000 1 1 $ 150,000 1 $ - $ 40,490 PR0211 210-1052-550.7499 PACS EDC PT Field Tech $ 25,000 $ 9,562 Send $ 25,000 $ - $ PR0211 210-1052-550-7499 PACS EDC Irrigation System Trailwood & McCormick $ 2,941 $ 2,860 Complete $ 2,860 $ $ 81 PR0403 210-1052-550-7499 PACS EDC Wood Light Pole Replacement $ 6,281 $ Spend $ 6,281 $ $ PR0603 210-1052-550-7499 PACS EDC Monument Project $ 61000 $ 1,243 Roll $ 1243 $ 41757 $ PR0604 210-1052-550-7499 PACS EDC Historical Preservation $ 10,000 $ 4,515 Spend $ 10,000 $ $ PR0605 210-1052-550-7499 PACS EDC Heritacle Park Fence $ 10,000 $ 5,888 Complete $ 51888 $ $ 4,112 PR0606 210-1052-550-7499 PACS EDC Parks at TX Star Reel Mower $ 284000 $ 28,000 Complete $ 28,000 $ - $ PR0607 210-1052-550-7499 PACS I EDC I Bob Eden Irrigation $ 50,202020 120,0069 Send 590,207020 $$ - $ $ 138 $$ 6 $$ 12 41757 $ 49193 n!a 210-1054-519-1102 Library EDC Language Instructor $ 4,000 $ Roll _ $_ - $ 4,000 $ L60601 210-1054-519-7499 Libra EDC Libra Materials $ 75,000 $ 72,117 Send $ 75,000 $ - $ TOTAL EDC $ 407,712 1 $ 284,186 1 $ 354,272 1 $ 8,757 1 $ 44,683 n/a 220-.3045-521-1102 Police CCPD PT Intern $ 4,000 $ Return $ - $ - $ 4,000 n!a 220-.3045-521-1102 1 Police I CCPD IPT PSO's $ 50,000 $ 32,567 Spend $ 50,000 $ $ $ 54,000 $ 50,000 $ $ 4,000 PDO505 220-3045-521-7499 Police CCPD Prisim S stem $ 10,000 $ Roll $ - $ 10,000 $ PD0601 220-3045-521-7499 Police CCPD Mobile Threat Net $ 2,200 $ 1,851 S end PD0602 220-3045-521-7499 Police CCPD EOC Upgrade $ 3,450 $ 41018 Complete $ 40018 $ PDO603 220-3045-521-7499 Police CCPD Stalker Radar $ 39805 $ 3,603 Complete $ 3,603 $ - P 00604 220-3045-521-7499 Police CCPD Tactical Rifles $ 51120 $ 5,120 Complete $ 5,120 $ - E$8*929 PD0605 220-3045-521-7499 Police CCPD Polygraph $ 7,935 $ 79947 Complete $ 7,947 $ PD0606 220-3045-521-7499 Police CCPD Krimesite Imager $ 140950 $ 69021 Complete $ 6,021 $ PDO607 220-3045-5214499 Police CCPD Video Enhancement $ 199955 $ 17,485 Complete $ 174485 $ $ 2,470 PD0608 220-3045-521-7499 Police CCPD Patrol Rifles S 20,110 $ 12,417 Complete $ 12,417 $ $ 7,693 PDO609 220-3045.521-7499 1 Police I CCPD ITasers $ 297938 $ 24,955 Complete $ 24,955 $ - $ 4,983 TOTAL CCPD $ 117,463 $ 83,417 $ 83,766 $ 10,000 $ 23,697 $ 171,463 $ 83,417 $ 133,766 $ 10,000 $ 27,697 IS0602 501-9060-590-7404 Information Svcs. Water& Sewer Hardware/Software U rades $ 206,140 $ 118,941 Send $ 206,140 $ - $ CM0603 501-9060-590-7499 Non -Departmental Water &Sewer Euless Pride $ 509000 $ Roll $ - $ 50,000 $ CM0604 501-9060-590-7499 Non -De artmental Water &Sewer S ecial Le al Fund $ 100,000 $ 154 Roll $ 154 $ 99,846 $ PW0602 501-9060-590-7499 PACS Water & Sewer Street Lighting $ 50,000 S 60581 Spend $ 500000 $ $ PWO603 501-9060-590-7499 PACS Water & Sewer Traffic Signal Upgrade $ 50,000 $ 13,104 Spend $ 50,000 $ - $ PW0604 501-9060-590-7499 PACS Water & Sewer Sidewalk Program $ 100,000 $ 24,050 Spend $ 100,000 $ $ PW0605 501-9060-590-7499 Non -Departmental Water & Sewer Transponders $ 1149000 $ Spend $ 114,000 $ - $ $ 464,000 $ 43,889 $ 314,154 $ 149,846 $ One -Time Capital Rollover FY 2006 (by Account) Project Account Department Fund Program Description Number Number Prog. Expended Spend Amount Amount Cost YTD (June) Roll to be to be Return Spent Rolled Returned PW0604 501-9060-590-9501 Non -De artmental Water &Sewer Transfer to CIP $ 125,000 $ 125,000 Send $ 125,000 PW0605 501-9060-590-9610 1 Non-DepartmentalNon-Departmentall Water & Sewer Transfer to Insurance $ 350,000 $ 262$00 Spend $ 350,000 TOTAL W&S $ 475,000 $ 387,500 $ 475,000 $ - $ $ 11145,140 $ 550,330 $ 995,294 $ 149,846 $ FM0503 504-5090-519-7499 Fleet Service Center Vehicle Brake Lathe S stem $ 5,200 $ Send $ 5,200 $ - $ FM0608 504-5090-519-7499 Fleet Service Center lFuel System Management Software Is 16,846 1 $ Roll IS 8,700 1 $ 80146 1 $ TOTAL FLEET $ 22,046 1 $ 1 $ 13,900 1 $ 8,146 1 $ PR0612 520-7055-550-7499 PACS Recreation Fund Locker Re Iacement $ 6,000 $ 5,930 Com lete $ 5,930 $ - $ 70 PRO613 520-7055-550-7499 1 PACS I Recreation Fund Remote Lighting - West Park $ 71800 $ 5,000 Send $ 6,500 $ $ 11300 PR0614 520-7055-550-7499 PACS Recreation Fund Fitness Center Equipment $ 25,000 $ 24,996 CM lete $ 25,000 $ - $ TOTAL RECREATION FUND $ 389800 $ 35,926 1 $ 37,430 $ - $ 11370 PR0615 530-7050-550-7499 PACS Softball World POS S stem - TOTAL SOFTBALL $ 9,000 $ 7,472 Send $ 7,652 $ - $ 1,348 GC0601 540-7060-550-7499 TX Star GC Golf Course 160 Gallon S ra er - TOTAL GOLF $ 26,000 $ 23,561 Com lete $ 23,561 $ - $ 2,439 FM0607 550.7078-550-7499 Facili Maint. Parks at TX Star Parks TX Star - Misc. Re aint $ 8,200 $ 8,200 Com lete $ 8,200 $ - $ PR0611 550-7078-550.7499 PACS Parks at TX Star Mobile Concession Trailer $ 16,000 $ S end $ 16,000 $ - $ TOTAL PARKS @ TX STAR $ 24,200 1 $ 8,200 1 1 $ 24,200 1 $ $ City Hurst Bedford Grapevine Colleyville North Richland Hills Richland Hills Haltom City WaF uga Keller Southlake Roanoke Grand Prairie # of Days in Reserve Emergency Fund 90 Yes 90 No 60 No 90 No 60 No 90 No 75 No 55-• No 11 No 55 No 60 No 60 No Euless 60 No FY2005-06 Tax Rate Effective Tax Rate Difference Revenue generated by 1¢ jCost to Reduce from Current to Effective Rate FY2005-06 Rate Proposed FY2006-07 Rate Recommended Reduction - Option 1 Resulting Tax Rate Revenue generated by 1 ¢ Cost to Reduce from Current to Proposed Rate Additional Reduction Opportunities 49.1777¢ 47.2131 ¢ 1.9646¢ $238,097 7,765 49.1777¢ 48.9500¢ $238,097 $54,215 2277¢ 0.4895 Reduce budget by an add't $50,000 = add't tax rate reduction of .2099¢ Plus: Recommended Reduction (cost $54,215) .2277¢ Total Tax Rate Reduction - Option 2 (cost $104,215) .4376¢ Resultinq Tax Rate - Option 2 48,7401 Option 3 Reduce budget by an add't $100,000 = add't tax rate reduction of .4199¢ Plus: Recommended Reduction (cost $54,215) .2277¢ Total Tax Rate Reduction - Option 3 ($154,215) 6476¢ Resulting Tax Rate - Option 3 4845301 Proposed Water TPA Pass-Thru Proposed Sewer TRA Pass-Thru Current Water Rate per 1000 gallons Current Sewer Rate per 1000 gallons Proposed Water Rate per 1000 gallons Proposed Sewer Rate per 1000 gallons Cost of Water Rate Pass Thru - 10,000 gallons -Per Month Cost of Sewer Rate Pass Thru - 10,000 gallons -Per Month Cost of Water Rate Pass Thru - 10,000 gallons -Per Year Cost of Sewer Rate Pass Thru - 10,000 gallons -Per Year $2.93 $2.15 $15.60 $18.00 Account Apartment Complex 2794039 4740874 Sotogrande Apartments Oakmont of Westdale Hills Doral Pinehurst La Costa Bonaventure Muirfield Village 876070 Euless Square Apartments 912107 Vickery Square Apartments 3923754 183 Motel 2269759 Mission Pointe 2269775 699152 Del Prado 3849406 Wilshire Park Manor 3849333 Sunset Ridge 3849325 Sunset Ridge 3849317 Sunset Ridge 2943824 Spring Valley Apartments 4973216 Timbercreek 2269783 Bear Creek (Twin Bridge) 4651383 Autumn Run 669814 Brentwood 3274608 Concord House 3926966 Concord Terrace 3926974 1990411 Dickey Apartments 6616011 1784099 Euless Apartments 2058979 Hillside Village Oakwood Crest 89605 89621 89613 89648 4653491 Royal Terrace Location 1100 Sotogrande $ 1501 Sotogrande Blvd. $ 1401 Sotogrande Blvd, 1401 Sotogrande Blvd, 1401 Sotogrande Blvd. 1401 Sotogrande Blvd. 1401 Sotogrande Blvd. 1401 Sotogrande Blvd, 1304 Raider Drive $ 3015 W. Pipeline Rd. $ 2500 W. Euless Blvd. $ 917 Del Paso St. $ 928 Del Prado $ 1300 Sagebrush Tr $ 1400 Sagebrush Tr $ 1450 Sagebrush Tr $ 1500 Sagebrush Tr $ 807 S. Main Street $ 1881 W. Airport Frwy. $ 605 Del Paso $ 505 E. Alexander $ 311 S. Industrial $ 1001 Villa Dr. $ 306 Park Dr. $ 306 Park Dr. $ 204 Dickey Dr. $ 205 Dickey Dr. $ 611 W. Euless Blvd. $ 306 Vine St. $ 231 Martha St. 207 E Alexander $ 213 E Alexander $ 215 E Alexander $ 307 Martha St. $ 306 Martha St. $ 5,4021521 $ 2,3391340 $ 3,103,061 $ 1,361,814 $ 2481132 $ 3,2501000 $ 3,116,000 $ 9301933 $ 1,0161485 $ 1,0301604 $ 1,0201880 $ 4,1491650 $ 5,9691267 $ 5,1241185 $ 1,0271059 $ 4,0891568 $ 2,2221746 $ 5341908 $ 6451419 $ 1061110 $ 1111870 $ 554,197 $ 2,441,950 $ 395,385 $ 522,450 $ 3591290 $ 3951385 $ 2,0781978 $ 2005 Values 4,962,650 $ 2,1481872 $ 2,800,000 $ 1,0501000 $ 2481132 $ 3,2501000 $ 2,680,059 $ 8841535 $ 9651824 $ 9791239 $ 9701000 $ 3,9521559 $ 5,2001000 $ 5,0001000 $ 6941000 $ 3,6451558 $ 2,2221746 $ 5341908 $ 6451419 $ 36,094 $ 20,625 $ 4681000 $ 2,1991000 $ 389,725 $ 514,971 $ 2551578 $ 3891726 $ 1,971,090 $ Change in Value 439,871 190,468 303,061 311,814 435,941 46, 398 50,661 51,365 50,880 197,091 769,267 124,185 333,059 444,010 70,016 91,245 86,197 242,950 5,660 7,479 103,712 5,659 107,888 Account Apartment Complex Location 2062488 Southwest 304 Norman Dr. 2062496 304 Norman Dr. 424226 Vienna Terrace 150 S. Main St. 4971620 Arbors Of Euless 1002 Fuller Wiser Rd. 4971639 4971647 5559847 Bear Creek Villas 500 E. Harwood Rd. 797561 Manchester 100 Manchester St. 4422236 Hunt Club 1001 Fuller Wiser Rd. 7698607 Park Plaza 333 E. Denton Dr. 5555574 Woodcreek Condominiums 311 E. Denton Dr. 5865719 The Landing 1130 Bear Creek Parkway 7372264 Colonial Grand (Milano) 1200 Fuller Wiser Rd 4419529 Aspen Oaks 905 W. Ash Ln. 2741520 Charter Oaks 105 E. Harwood Rd. 917451 The Lodge At Main (Fair Oaks) 301 Fair Oaks Blvd. Oak Park -can't locate 1350 N. Main 6650767 Tall Timbers Apartments 501 Sycamore Ln. 6800017 Tall Timber Townhomes 1581 Cedar Elm Dr. 4971655 Colonial Village 200 W. Bear Creek 5668840 Willow Ridge 1050 W. Ash Ln. 7169647 Mansions by the Vineyards 2400 N. SH 121 5528879 Park Place Townhomes 425 E. Harwood Rd. 5528887 425 E. Harwood Rd. 5528895 425 E. Harwood Rd. 40446433 Seramont 2440 N. SH 121 6934528 Ash Lane 601 E. Ash Ln. 5554012 Overlook 800 E. Ash Ln 7577303 Collins Park 2001 Hwy 360 5554403 Enclave 855 E. Ash Ln. 5876052 Fountainwood 750 E. Mid -Cities Blvd 7583796 Oakmont at Bear Creek 2121 Bear Creek Pkwy 2006 2005 Changein Values Values Value $ 1,074,554 $ 1,064,829 $ 9,725 $ 11277,366 $ 11268,166 $ 91200 $ 610,587 $ 501,566 $ 109,021 $ 10,265,523 $ 91245,000 $ 11020,523 $ 1,765,902 $ 23,269 $ 1,742,633 $ 81105,600 $ 81000,000 $ 105,600 $ 91342,058 $ 81971,907 $ 370,151 $ 5,409,059 $ 51254,960 $ 154,099 $ 1,025,941 $ 31,095 $ 994,846 $ 13,973,300 $ 13,578,205 $ 395,095 $ 37,699,475 $ 28,800,000 $ 81899,475 $ 11388,618 $ 1,388,618 $ - $ 31660,528 $ 31660,528 $ - $ 51285,332 $ 51285,332 $ $ 9,869,812 $ 35,900 $ 9,833,912 $ 470,032 $ 29,282 $ 440,750 $ 51213,591 $ 41400,000 $ 8131591 $ 3,322,190 $ 31000,000 $ 322,190 $ 24,216,605 $ 22,150,000 $ 21066,605 $ 11577,288 $ 11436,475 $ 140,813 $ 11477,034 $ 11317,849 $ 159,185 $ 21575,287 $ 21345,676 $ 229,611 $ 30,361,591 $ 28,400,000 $ 11961,591 $ 61583,495 $ 51551,155 $ 11032,340 $ 13,759,368 $ 12,000,000 $ 11759,368 $ 16,286,222 $ 14,300,000 $ 11986,222 $ 11,756,783 $ 10,040,000 $ 11716,783 $ 13,459,109 $ 91000,000 $ 4,459,109 $ 15,865,214 $ 13,448,350 $ 21416,864 Account Apartment Complex 7161646 Norstar 5866154 Sandstone 7583435 Stonebridge 5553873 Village Green 5554330 Woodchase 10012018 Franciscan 10647528 Mandolin 40034755 40621936 Park Side 40617750 Stoneleigh at Bear Creek 40617742 2054183 SW Properties Location 2006 zuUO Change in Values Values Value 700 E. Ash Lane $ 16,104,883 $ 15,000,000 $ 11104,883 1500 Bear Creek Pkwy. $ 51101,730 $ 31485,532 $ 11616,198 2300 Fuller Wiser Rd $ 12,900,516 $ 91873,747 $ 31026,769 1800 Fuller Wiser Rd $ 10,755,235 $ 91200,000 $ 11555,235 1000 E. Ash Ln. $ 10,119,317 $ 81200,000 $ 11919,317 1600 Village $ 21,534,897 $ 18,390,000 $ 31144,897 2525 Highway 360 $ 13,917,695 $ 13,700,000 $ 217,695 2525 Highway 360 $ 24,082,305 $ 221300,000 $ 11782,305 700 Hilltrail $ 14,344,159 $ 11,587,930 $ 2,7561229 1401 Highway 360 $ 17,747,376 $ 15,545,569 $ 21201,807 1300 Bear Creek Pkwy $ 20,500,455 $ 17,954,431 $ 21546,024 106 E. Ash Lane $ 8,913,618 $ 8,508,444 $ 405,174 rJ Total $ 487,247,837 $ 417,353,125 $ 69,894,712�� i j Accounts Car Rental Facility 8342563 Hertz Rent A Of 11451181 Vanguard 10879226 Avis 11063009 Advantage 11063025 Dollar Rent A Car 11063033 Enterprise 11063068 Thrifty Car Rental 11705329 EZ Rent A Car 8339589 Budget Rent A Car Total 2006 2005 Values Values $ 63,707,382 $ 59,879,524 $ $ 53,219,084 $ 39,321,118 $ $ 535822,532 $ 26,907,034 $ $ 61228,655 $ 51524,000 $ $ 91211,359 $ 7,6551186 $ $ 14,501,363 $ 11,327,664 $ $ 51800,470 $ 41827,415 $ $ 41829,721 $ - $ $ 29,855,770 $ 15,188,029 $ $ 241,176,336 $ 170,629,970 $ Changes in Value 31827,858 13,897,966 26,915,498 704,655 11556,173 31173,699 973,055 41829,721 14,667,741 70,546,366 City of Euless Comparison of City Taxes on 100 Homes R:;Qpd nn 9nn5 Taxes Paid versus 2006 Taxes Due at Proposed Rate ------------ ------ - Tax Due Homestead Homestead Cap - 2006 (@ Appraised Exemption/ Over 65 Cap - Frozen Tax Paid Appraised Exemption / Over 65 Frozen 48.950 Tax Value 2005 Disabled Exemption Property 2005 Value 2006 Disabled Exemption PropertyRate)Difference 1 $110,400,00 $22,080.00 $0,00 $0,00 $434,34 $110,400,00 ($22,080.00) $432,33 $2.01 2 $147,100,00 $291420.00 $0,00 $0,00 $578,72 $147,100,00 $29,420.00 $576,04 $2.68 3 $197,500,00 ($39,500.00) $0,00 $0.00 $777.01 $197,500.00 ($39,500,00)1 $0,00 $773,41 $3.60) 4 $108,200,00 $217640.00) $0.00 $0,00 $425,68 1 $108t200.00 $21,640.00 $423,71 $1.97) 5 $86,400,00 ($177280.00) $0,00 $0,00 $339,92 $86,400.00 $17,280,00) $0,00 $338,34 $1.57 6 $51,243,00 ($10,248.60) $35,000.00) $18.25 $11,23 $56,367,00 $11,273,40) $35,000.00 $38.18 $11.23 $0.00 7 $93,300,00 $18,660.00 $0,00 $0,00 $367,06 $93,300.00 ($18,660.00) $0,00 $365.36 $1.70 8 $115,810.00 $231162.00 ($35,000.00) ($39.83) $243,67 $124,600,00 ($24,920.00 ($35,000.00 $72.94 $243,67 ($0.00 (Value City of Euless Comparison of City Taxes on 100 Homes Based on 2005 Taxes Paid versus 2006 Taxes Due at Proposed Rate Appraised Value 2005 Homestead Exemption/ Disabled Over 65 Exemption Cap - Frozen Property Tax Paid 2005 Appraised Value 2006 Homestead Exemption / Disabled Over 65 Exemption Cap - Frozen Property Tax Due 2006 (@ 48.950 Tax Rate) Difference 37 $136,700.00 ($271340.00) $0,00 $0.00 $537,81 $136,700.00 $27,340.00 $535,32 $2.49 (Value (Value City of Euless Comparison of City Taxes on 100 Homes Based on 2005 Taxes Paid versus 2006 Taxes Due at Proposed Rate Appraised Value 2005 Homestead Exemption/ Disabled Over 65 Exemption Cap - Frozen Property Tax Paid 2005 Appraised Value 2006 Homestead Exemption / Disabled Over 65 Exemption Cap - Frozen Property Tax Due 2006 (@ 48,950 Tax Rate) Difference 74 $144,500,00 $287900.00 $0,00 $0.00 $568,49 $1442500,00 $28,900.00 $0,00 $565,86 $2.63 75 $170,500,00 ($34,100.00) ($35,000.00 $0,00 $498,66 $177,700,00 ($35,540.00) $35,000.00) $25.89 $498,66 $0.00) 76 $192,400.00 ($38,480.00) ($35,000.00) $0,00 $584,82 $192,400.00 $381480.00 $35,000.00 $582,11 ($2.71 77 $79,700.00 ($15,940.00) ($35,000.00) $0,00 $141,44 $79,700,00 $15,940.00 $35,000.00 $140,78 $0.65) 78 $179,800.00 $35,960.00 $0,00 $0,00 $707,37 $179,800.00 $35,960.00) $0,00 $704,10 $3.28 79 $112,900,00 $227580.00 $0.00 $0,00 $444,17 $112,900,00 ($22,580.00) $442,12 $2.06 80 $120,600,00 ($241120.00) ($352000.00 $0,00 $302,34 $120,600,00 $24,120.00) $35,000.00 $300,94 $1.40 81 $220,500,00 $44,100.00) $0,00 $0,00 $867,49 $220,500,00 $44100.00) $0,00 $863,48 ($4.02 82 $188,000.00 $37,600.00) $0,00 $0,00 $739.63 $188,000,00 $37,600.00 $0,00 $736.21 $3.42) 83 $212,100.00 $42,420.00) $0,00 $0,00 $834,45 $212,100,00 $42,420.00 $830,58 ($3.86) 84 $140,000,00 $28,000.00 $0.00 $0,00 $550,79 $140,000,00 ($28,000.00) $0,00 $548,24 ($2.55 85 $1687000.00 ($337600.00) $0,00 $0,00 $660,95 $168,000.00 $33,600.00 $0,00 $657,89 $3.06) 86 $107,012,00 $21,402.00 $0,00 $0,00 $421,01 $115,700,00 ($23,140.00) $0,00 $453.08 $32,07 87 $139,900,00 ($271980.00 $0,00 $0.00 $550,40 $139,900.000($22�120,00) $547,85 $2.55) 88 110600 -22120 $0,00 $0,00 $435,12 $110,600,00 ) $0,00 $0,00 $433.11 ($2.0189 $1507500,00 $30,100.00 $0,00 $0,00 $592,10 $150,500,00 ) $0,00 $589,36 $2.7490 $187,200.00 ($37,440.00) ($5,000.00 $0,00 $711.90 $1877200,00 $5,000.00 $708.60 ($3.3091 $167,900,00 ($33,580.00) $0.00 $0.00 $660,55 $167,900,000)$0.00 $657,50 $3.06) 92 $171,800,00 $34,360.00) $0,00 $0,00 $675,90 $171,800,000 $672,77 $3.13 93 $170,000.00 $34,000.00 $0,00 $0,00 $668,82 $170,000,00 ($34,000.00 $0,00 $665,72 ($3.10 94 $182,100,00 ($36,420.00 $35,000.00) ($26.13 $518.17 420.00) ($35,000.00 $23.61 $518,17 $0.00 95 $203,500.00 ($40,700.00 $0,00 $0,00 $800,61 =$2081500,00($412700.00) 700.00) $0.00 $816,49 $15,8796 $168,000,00 ($33,600.00) $0,00 $0.00 $660,95 ,600.00) $0,00 $657,89 $3.06) 97 $170,300,00 ($34,060.00 ($35,000.00) $0,00 $497,88 ,060.00) $35,000.00) $495,57 ($2.31) 98 $45,200.00 $0,00 $0,00 $0,00 $222,28 $137,900.00 ($27,580.00 $0.00 $540.02 $317.73 99 $218,800.00 ($43,760.00) $0.00 $0,00 $860,81 $218,800,00 $43,760.00 $856,82 $3.99 100 $22,680.00 $0,00 $0.00 $0,00 $111,54 $264,400.00 $521880.00) ($35t000,00) $864,07 $752,53 (Value increased also subject to 10% cap) (Value Unchanged $208,500 -Subject to 10% Cap) (New Construction) (New Construction) SALES TAX COMPARISON - MONTHLY ......... Business Name OCT NOV DEC JAN FEB . .. ACME Brick DFW, Inc. - 801 AIRPORT FWY ...............................4....,.......................; ................. < ......... ......... . FY05 0.00 ; 0.00E 0,00 0,00 0,00 .................................:....................:......................:...............................................................:... FY06 53,917.97 65,713.10 77,939.88 74,159,23: 97,181,53 .....................................................................................................................................................:......................... t 647 CONFIDENTIAL MAR APR MAY ..... JUN JUt ...........:......................:......................:.....................:............1...... 0.00 : 0,00 0.00 ; 0,00 ? 0.00 0.00 8/15/2006 Page 1 SALES TAX COMPARISON - MONTHLY Business Name OCT NOV ...... ............. ....... ................... •................. Beall Concrete (formerly Butler) __1001 W EULESS BLVD STE 100 FY01 ...... 0,00 ......:........................... : 0,00 .....................................................................;......................; FY02 367121,63 : 32,112,60 ... : 3 .........................;....................... FY03 37,439.42 ; E .....................;.... 38,536,96 : 2 ........ ....... ........................................................ FY04 42,810,48 ...:......................:...1 : 40,013.91 E 3 ......................................................;...............................................;... FY05 28,787.51 ; 27,181.88E 2 FY06......................................50,345.82.....•557696.68 5 . 0.00 ...........:......................................... 93.78 17,387.48 24,645.09 ........... 11.43 :......................................... 34,415,1M4 22,047.08 ...........:......................................... 04.72 123,665.90 42,168,77 68.48 .....................................4........ > 20,033.41 26,279.76 CONFIDENTIAL MAR APR' MAY ...:........................................... 0.00 28,511,14 ': 242537.12 8,529,44 i ..................................... 12,315.66 23,445.55 26,439,85: 14,678.55 ...................................... 31,109.59 30,405.62E 14,848.99 41,644.67 ..;............................................. 11,681,15: 23,119,90 33,590.69 44,817.92 78,195.96 9,18:834.07 JVL 41,450.12 37,964.60 ...................................... 29,016.62 29,929.26 ...................................... 33,118.59 37,029,03 ...................................... 38,299.35 31,248,82 ...................................... 32.211.13 35,117,95 AUG SEP YEARLY ................................. ........... . 32,493.59 43,854,76 208,811.33 . .... ....... .... .........................0 ............... . . ........ . 39:648,95 18,311,14 302,357,20 31.500.98 ; 472795,07 3780421,69 ............................4.............. 24,692,74 39,673:57 406,977,54 ............................................ 52,705,77 35,382 37 350,080.00 720,365.72 . Page 1 8/15/2006 Northern Region Office DATE: August 21, 2006 FILE: 7002.102/7002.500 1 , A TO: MEMBER, ADVISORY COMMITTEE TARRANT COUNTY WATER SUPPLY PROJECT RE: Tarrant County Water Supply Project Proposed FY 2007 Budget Authority management annually prepares a proposed budget of anticipated expenses and required revenues for the Tarrant County Water Supply Project in accordance with the fiscal provisions of our Water Supply Contract for the ensuing fiscal year. We are pleased to present to you the proposed FY 2007 Budget for the annual operating funds of the Tarrant County Water Supply Project. This budget is relevant to the time period for December 1, 2006 through November 30, 2007. This budget reflects the proposed financial activities of operating and debt service funds, provides for a continuing high quality level of service to our Contracting Parties, and will continue to position the Tarrant County Water Supply Project for increased growth, regulatory changes and maximized internal operational productivity measures to result in cost efficient treatment and delivery of water. The Authority will continue to ensure the security and integrity of our Tarrant County Water Supply Project and the reliability of our services. Therefore, the proposed budget reflects the Authority's continued commitment to meet contracting parties' water needs, protect capital investments, keep operational expenses to a minimum and to maximize the process of increasing operational efficiency throughout the Authority. A brief overview of Tarrant County's financial picture for FY 2007 will reveal an increase above the FY 2006 Budget, in overall anticipated operating expenditures, with only those increases in accounts required to meet contractual obligations for our treatment and delivery of water. The operation and maintenance expenditures were developed based on treating and delivering an average daily flow of 35.862 MGD. The predicted 10.0% water usage increase above the FY 2006 budgeted allocation is based on Customer City projected water demands, a highly subjective judgment in today's drought conditions, and easily covering a wide span. The proposed budget forecasts expected operating and maintenance expenditures essential for the expanded 87 MGD treatment facilities. These annual expenses will be monitored and reduced when possible by expenditure savings achieved from more knowledge of operating and maintaining the new treatment facilities. The scheduled debt service requirements are higher than the current budget based on principal and interest payments due on outstanding Tarrant County Water Supply Project Revenue Bonds. August 21, 2006 7002.102/7002.500 MEMBER, ADVISORY COMMITTEE Page 2 The anticipated expenditures m EXPENSES FY 2007 total $26,236,010, an .' approximate 14.47% increase � 42 Ss6ther$ ulI%A al 4 gay above the $22,919,580q���t predicted in the current fiscal year. The projected costs for salaries and related benefits, office supplies, dues and subscriptions, fees, maintenance & operating supplies, lab supplies, process chemicals, fuel, computer software & instrument supplies, auditing, engineering services, professional services, Authority's network support, telephone, travel, laundry and uniforms, raw water, power usage, repair and maintenance of equipment and vehicles, machine and equipment rental, inter -fund services and administrative overhead have increased $3,208,740 above the predicted FY 2006 Budget. Approximately 75% of this anticipated increase in operating expenses is directly related to raw water purchase and power usage to meet the projected water demands. The increase in the proposed FY 2007 Budget for operating accounts is offset by a $123,310 reduction in employee education, outside services, Project insurance payments, repair and maintenance of plant and buildings, and capital equipment purchases by holding the line on controllable costs. Authority management continues our commitment of aggressive decisions to improve the effectiveness and efficiency of our business services and move toward deeper cost reductions, as close scrutiny was given to all anticipated and discretionary expenditures. Along with increases in some predicted operating accounts, there is an increase in programmed debt services of $231,000 resulting in an overall projected increase of $ 3,316,430 for FY 2007 expenditures above the FY 2006 Budget. As is shown in the table on the following page, the predicted gross unit cost/1,000 gallons for water treatment and delivery is $0.158 higher than last year's projections for FY 2007, and is $0.077 higher than the adopted FY 2006 Budget gross unit cost. Anticipated FY 2007 revenues from the System's Contracting Parties totaling $26,117,900 is approxi- mately 19.99% above the FY 2006 projected revenue requirements of $21,766,900. System revenue requirements are allocated to the cities on the basis of city predicted flow contributions. The predicted REVENUE FY 2007 flow contribution of 35.862 MGD is 1.123 MGD or 3.2% higher than we forecast for FY 2007 one year ago. The resulting predicted gross and net unit costs of service throughout FY 2007 are 4.0% higher and 9.0% higher, respectively, than the predicted FY 2006 Budgeted unit costs, as reflected in the table on the following page. August 21, 2006 r002e 102/7002,500 MEMBER, ADVISORY COMMITTEE Page 3 Gross (based on total expenditures) Net (cost to Contracting Parties) $ 2.004 $ 1.927 $ 1.846 $ 1.995 ( $ 1.830 I $ 1.879 The following exhibits are presented to provide detailed information about the five major budget categories, as well as additional quantitative and statistical information for your review Exhibit - A - Flow Allocations Exhibit - B - Budget Objectives Exhibit - C - Budget at a Glance Exhibit - D - Personal Services Exhibit - E - Supplies Exhibit - F - Other Services and Charges Exhibit - G - Capital Outlays Exhibit - H - Debt Service and Miscellaneous Exhibit - I - Historical System Data Exhibit - J - Projected Future Costs of Service The proposed FY 2007 Budget (Exhibit K) is presented for your review and consideration and will be discussed in the meeting of Thursday, September 10 which time the committee will be requested to recommend the proposed FY 2007 Budget for adoption by the Authority's Board of Directors. If there are any questions concerning the proposed budget, please contact the Northern Region officeILA PATRICIA M. CLEVELAND Manager, Operations Northern Region PMC/rrr Attachments c: Danny F. Vance, General Manager Warren N. Brewer, Regional Manager, Northern Region Gerald Null, Project Manager, Tarrant County Water Supply Project o FY 2007 BUDGETED FLOW WAS PROVIDED BY THE CUSTOMER CITIES. o FY 2008-2012 NET COSTS ASSUMED TO BE 98% OF THE PROJECTED O&M AND CAPITAL EXPENSE PLUS PROJECTED DEBT SERVICE COLLECTIONS. ALSO, VARIATIONS MAY OCCUR DUE TO ACTUAL CHANGES IN INTEREST EARNINGS FROM YEAR TO YEAR. o UNIT COST COMPUTATIONS FOR FY 2008-2012 DO NOT INCLUDE ADDITIONAL CONTRIBUTIONS FOR THE ANTICIPATED FY 2007 BOND ISSUE. NO ADDITIONAL BOND SALES ARE INCLUDED WHICH WILL IMPACT 2008 THROUGH 2O12. o FY 2008-2012 PROJECTED FLOWS ARE BASED ON THE 2005 TCWSP MASTER PLAN. NO ADJUSTMENTS HAVE BEEN MADE FOR NCTCOG PROJECTIONS OR OTHER DATA. Trinity River Authority of Texas 10 Northern Region Office DATE: August 8, 2006 FILE: 3110.102/3110.800 TO: MEMBER, ADVISORY COMMITTEE CENTRAL REGIONAL WASTEWATER SYSTEM RE: Central Regional Wastewater System Proposed FY 2007 Budget Authority management annually prepares a proposed budget of anticipated expenses and required revenues for the Central Regional Wastewater System in accordance with the fiscal provisions of our Wastewater Services Contract for the ensuing fiscal year. We are pleased to present to you the proposed FY 2007 Budget for the annual operating funds of the Central System. This budget is relevant to the time period for December 1, 2006 through November 30, 2007. This budget reflects the proposed financial activities of operating and debt service funds, provides for our continuing ability to deliver high quality, efficient wastewater service to our Contracting Parties, and will continue to position the Central System for increased growth, regulatory changes and maximized internal operational productivity measures to result in cost efficient wastewater treatment. The Authority will continue to ensure the security and integrity of our Central System and the reliability of our services. Therefore, the budget reflects the Authority's continued commitment to protect capital investments, keep operational expenses to a minimum and to maximize the process of increasing operational efficiency throughout the Authority. A brief overview of Central's financial picture for FY 2007 will reveal an increase in overall System expenditures, with only those increases in operating accounts required to meet contractual obligations for our treatment of wastewater, as compared to FY 2006 projected requirements. The operation and maintenance expenditures were developed based on transporting and treating an average daily flow of 149.494 MGD. The scheduled debt service requirements are higher than the current budget, which reflects increased costs due to the issuance of the Series 2005 System Improvement Revenue Bonds, and are based on principal and interest payments due on outstanding Central Regional Wastewater System Revenue Bonds, August 8, 2006 31100102/3110.800 MEMBER, ADVISORY COMMITTEE Page 2 Overhead expenses essential to delivering services during the year have increased $5,111,070, along with an increase of $3,168,020 over the current fiscal year in programmed debt services. The increases in the proposed FY 2007 Budget for operating accounts is partly offset by a $966,910 reduction in health/life insurance, unemployment compensation, employee recognition, maintenance & operating supplies, insurance payments, utilities, collection system, equipment and vehicle maintenance, equipment rental and capital due to program modifications and, as in previous year's efforts, by holding the line on controllable costs. Authority management continues our commitment of aggressive decisions to improve the effectiveness and efficiency of our business services and move toward deeper cost reductions, as close scrutiny was given to all anticipated and discretionary expenditures, resulting in an overall projected increase of $7,312,180 for FY 2007 expenditures above the FY 2006 Budget. As is shown in the following table, the predicted gross unit cost/1,000 gallons is $0.136 higher than last year's projections for the coming FY 2007 and is $0.180 higher than the adopted FY 2006 Budget gross unit cost. Anticipated FY 2007 revenues from the � =_ � � 'Revenue' � ,���� System's Contracting Parties, totaling $67,216,660, reflects a 10.2 % �s�vocentraet venue increase above the FY 2006 projected � ta4p14opeat, ov�r,eaa�iItEii �� 4281oAl�Iscellaneo°s:Incame�; revenue requirement of $ 60,961,220 , ■Q7P/oProfessionalFees 'tea o 891olnter`est tncQme � System revenue requirements are�ozPloo�iera�iogTr�nte�s allocated to the cities on the basis of city predicted flow contribution. The predicted FY 2007 flow contribution of 149.494 MGD is 10.116 MGD, or 6.34% less than was forecasted for FY 2007 last year. It is important to emphasize that the Contracting Parties' overall predicted FY 2007 wastewater flow contribution of 149.494 MGD is 10.116 MGD, or 6.3% less than forecast for FY 2007 one year ago. For comparison, if the anticipated flow contribution of 149.494 MGD had been used to calculate the forecasted FY 2007 unit cost that was provided in the budget presentation last year, the projected FY 2007 gross cost would have been $1.220 instead of $1.152/1,000 gallons. The resulting predicted gross and net unit costs of service for wastewater transportation and treatment throughout FY 2007 are 16.25% and 14.82% respectively over the predicted FY 2006 Budgeted unit costs as reflected in the following table: Gross (based on total expenditures) Net (cost to Contracting Parties) 1.288 $ 1.108 1.232 $ 1.073 $ 1.152 $ 1.094 August 8, 2006 3110.102/3110.800 MEMBER, ADVISORY COMMITTEE Page 3 The following exhibits are presented to provide flow allocations, a summary of budget objectives and detailed information about the five major budget categories, as well as additional quantitative and statistical information for your review: Exhibit A - Flow Allocations Exhibit B - Budget Objectives Exhibit C - Budget at a Glance Exhibit D - Personal Services Exhibit E - Supplies Exhibit F - Other Services and Charges Exhibit G - Capital Outlays Exhibit H - Debt Service and Miscellaneous Exhibit I - Historical System Data Exhibit J - Projected Future Costs of Service The proposed FY 2007 Budget, (Exhibit K) is presented for your review and consideration and will be discussed in the August 8, 2006 Advisory Committee meeting. Additionally, a Budget Workshop will be held in the upstairs conference room of the Administrative Building at the Central Regional Wastewater System on Wednesday, August 30, 2006, beginning at 10*00 a.m. for those representatives and city staff members who do not attend the Advisory Committee meeting or desire to discuss the proposed budget in more detail. A later Advisory Committee meeting is scheduled for Tuesday, September 12, at which time the committee will be requested to recommend the proposed FY 2007 Budget for adoption by the Authority's Board of Directors. If there are any questions concerning the proposed budget or the workshop, please contact the NoJJA�11;wrn Region office. ATRICIA M. CLE ELAND Manager, Operations Northern Region PMC/rrr Attachments c: Danny F. Vance, General Manager Warren N. Brewer, Regional Manager, Northern Region Bill Tatum, Project Manager, Central Regional Wastewater System EXHIBIT A CENTRAL REGIONAL WASTEWATER SYSTEM FY 2007 FLOW ALLOCATIONS 7/17/2006 CITY FLOW MGD % ALLOCATION FLOW (MGD) % ALLOCATION ADDISON 2.400 1.546% 2.400 1.605% ARLINGTON 43.339 27.925% 42.847 28.661 % BEDFORD 4.900 3.157% 4.750 3.177% CARROLLTON 14.100 9.085% 14.100 9.432% CEDAR HILL 0.500 0.322% 0.500 0.335% COLLEYVILLE 2.595 1.672% 2.720 1.820% COPPELL 4.375 2.820% 3.500 2.341 % DFW AIRPORT 2.650 1.708% 2.650 1.773% DALLAS 8.250 5.316% 6.000 4.014% DUNCANVILLE 0.200 0.129% 0.175 0.117% EULESS 4.000 2.577% 4,000 2.676% FARMERS BRANCH 6.400 4.124% 6.100 4.080% FORT WORTH 1.920 1.237% 2.820 1.886% GRAND PRAIRIE 21.153 13.630% 17.871 11.954% GRAPEVINE 1.753 1.130% 1.896 1.268% HURST 0.236 0.152% 0.248 0.166% IRVING 26.000 16.753% 26.000 17.392% KELLER 2.715 1.749% 2.725 1.823% MANSFIELD 4.680 3.016% 5.442 3.640% N RICHLAND HILLS 0.680 0.438% 0.750 0.502% SOUTHLAKE 2.350 1.514% 2.000 1.338% TOTAL 155.196 100.000% 149.494 100.000% BUDGETED FY 2007 FLOWS 45% 40% 35% 30% 25% is 1 20% 15% 10% 5% 0% I ■ EXHIBIT B CENTRAL REGIONAL WASTEWATER SYSTEM FY 2007 DESCRIPTION OF THE PROJECT The Trinity River Authority's Central Regional Wastewater System is a large regional wastewater system located on 495 acres adjacent to the West Fork of the Trinity River and is currently serving approximately 1.3 million customers in Dallas, Tarrant, Ellis, Johnson and Denton counties of north central Texas. The service area encompasses all or portions of 20 cities in the Dallas/Fort Worth metroplex, as well as the Dallas/Fort Worth International Airport, The Central Regional Wastewater System treatment plant is an advanced secondary facility currently permitted to treat 162 million gallons per day (MGD). This System consists of an extensive regional network of interceptors, pipelines, lift stations, meter stations, and facilities for the delivery of treated effluent for golf course irrigation and lake level management under the first major urban reuse program in Texas. GOALS AND OBJECTIVES FOR FY 2007 The Authority's objectives are reflected in the recommended Annual Operating Budget for Central Regional Wastewater System FY 2007. The major goals and objectives are. • Operate and adequately protect the Central System's capital investments by proper maintenance, which includes a 162 MGD treatment plant, over 200 miles of interceptors, four lift stations, 138 metering stations, an analytical laboratory, and the DCURD water reuse project. • Provide wastewater transportation and treatment services for a projected flow contribution of 149.494 MGD. • Continue operating at efficient levels and minimize unit costs while enhancing treatment capacity and meeting all regulatory requirements. • Continue Authority efforts to reduce overall wet -weather flow impacts to the System by installing new pipelines for capacity, rehabilitating existing collection system infrastructure and plant facilities as identified in the 2001 and 2004 updates of the 1998 Five Year Plan; funded by the Series 2001 Bonds, the 2003 Refunding Bonds, the Series 2004 Texas Water Development Board Bonds, and the Series 2005 Bonds. • Operate and maintain odor control facilities consistent with the Odor Control Abatement Master Plan and implement additional odor improvements in the primary treatment areas to reduce risk of adjacent area odors. • Provide Contracting Parties laboratory testing and pretreatment program capabilities and services on arevenue-supported basis. • Continue 100% land application of System biosolids under afive-year agreement. • Respond in a timely fashion to Customer Cities' requests for assistance. EXHIBIT C FISCAL YEAR 2007 BUDGET AT A GLANCE CENTRAL REGIONAL WASTEWATER SYSTEM PROPOSED OPERATION AND MAINTENANCE BUDGET Revenue $70,188,200 Expenses $70,271,510 Variance (Reduction in FY 2008 Debt Collections) ($83,310) FISCAL YEAR 2007 FUND SUMMARY Revenue Summary Contract Revenue $67,216,660 Operating Overhead and Inter -Fund Services $1,008,260 Professional Fees $500,000 Interest Income $415,400 Operating Transfers $144,550 Miscellaneous Income $903,330 Total Sources of Funds $70,188,200 Expenditure Summary Personal Services $9,859,320 Supplies $4,498,100 Other Services and Charges $18,070,980 Capital Outlays $714,870 Debt Service and Miscellaneous $371128,240 Total Application of Funds $70,271,510 EXHIBIT D CENTRAL REGIONAL WASTEWATER SYSTEM PERSONAL SERVICES FY 2007 0 Proposed FY 2007 $9,859,320 vs FY 2006 $9,259,260 Variance 6,48% $600,060 increase O The budget category of Personal Services includes seven line item accounts. As compared with present budget, three decreased (-) $89$110, and four increased (+) $689,170. (+) Salaries +) Payroll Taxes (-) Health/Life Insurance (+) Pension (-) Unemployment Compensation (-) Employee Recognition (+) Education O The anticipated increase in salaries and related benefit costs is partly due to usual provisions forecast salary adjustments based on merit, varying with each individual employee. A 15% provision is included for cost increases in the Authority's Health Insurance expenses, 10% less than we forecast for FY 2006, due to claims experience that has resulted in premium increases. O Provisions have been included for one Electronic Technician I and one Maintenance Mechanic I to be added to the Central Regional Wastewater System staff to effectively address increased collection system workloads associated flow meter calibrations and system maintenance. Also, one Maintenance Engineer for in -plant planning for facilities development. 0 Authority management believes that the Central facility can be operated efficiently and maintain adequate margins of safety with one Project Manager, an Operations/Maintenance staff of 99, plus 55 Technical Services/Pretreatment staff, Administrative staff of 8, and 7 Purchasing/Warehouse staff. Personal Services Personal Services expenditures include those costs associated with the staffing required to operate, maintain, and administer the treatment plant, biosolids program, laboratory, pretreatment program, collection system, and meter stations. Significant line item accounts in this category of expenditures include salaries, payrolI taxes, health insurance, and pension. p Proposed FY 2007 vs FY 2006 Variance 13.16% EXHIBIT E CENTRAL REGIONAL WASTEWATER SYSTEM $4,498,100 31975,080 $523,020 increase SUPPLIES FY 2007 O The budget category of Supplies includes eight line items accounts. As compared with the present budget, one decreased (-) $ 1,810 and the remaining seven line items increased (+) $524,830. (+) Office Supplies (+) Dues and Subscriptions (+) Fees Other Than Dues and Subscriptions (-) Maintenance and Operating Supplies (+) Lab Supplies (+) Process Chemicals and Supplies (+) Fuel, Oil and Lubricants (+) Computer Software, Licenses and Instrument Supplies p Over 77% of the expenditures for Supplies is for the purchase of process chemicals. This increase of $ 423,520 in anticipated expenditures represents unit price increases for process chemicals for solids dewatering and effluent disinfection. Supplies The majority of the expenditures in this category are for the purchase of process chemicals necessary for sludge thickening, dewatering and stabilization, odor control, effluent disinfection dechloriation, and other treatment processes. p It is assumed that present gasoline and diesel prices will continue through FY 2007. EXHIBIT F CENTRAL REGIONAL WASTEWATER SYSTEM OTHER SERVICES AND CHARGES FY 2007 No Proposed FY 2007 $18,070,980 vs FY 2006 $141785,430 Variance 22.22% $3,285,550 increase p The budget category of Other Services and Charges includes 23 line item accounts. As compared with the present budget, one remained unchanged (o), seven line item accounts decreased (-) $611,520 and fourteen increased (+) $3,404,640, and one new line item account, Information Technology Support Services, has been added for $492,430, (+) Auditing (+) Training (+) Engineering (-) Utilities (o) Legal (+) Power (-) Outside Services (-) R & M - Collection System (+) Other Professional Services (-) R & M - Equipment new Info Technology Support Services (+) R & M - Plant & Buildings (+) Telephone and Telemetering (-) R & M - Vehicles (+) Postage (+) R & M - Electrical (+) Printing and Binding (+) Off -site Biosolid Land Application (-) Insurance Payments (-) Rent - Machinery & Equip. (+) Travel (+) Administrative Overhead (+) Laundry, Uniform, & Ind. Equip 0 Approximately 4801. or $8,605,460 of the expenditures in this category is for power usage. This has increased 50.9% or (+) $ 2,901,700 due to the higher anticipated price per kWh of a new Authority -wide contract beginning December 1, 2006 and is approximately 88% of the overall increase in this category of expenses. Other Services and 25.72% This category of expenditures relates to the indirect costs associated with the collection and treatment system, vehicles, and off -site biosolids disposal. Majority of the expenditures in this category are for power usage. 0 Anew line account, Information Technology Support Services, has been established to consolidate information technology expenses common Authority -wide. Funds for this purpose were previously budgeted in the Outside Services line account, in which there is a corresponding decrease. 0 There is an approximate $140,000 allocation budgeted to the Electrical Repair &Maintenance line account to rehabilitate and perform maintenance on HVAC units impacted by corrosive hydrogen sulfide atmospheric conditions. 0 The combined increase of the three line accounts of Power, Electrical Rehabilitation &Maintenance and Off -Site Biosolids removal is $ 3,198,790 or 97.4% of the total increase in this category of expenses. 0 Proposed FY 2007 vs FY 2006 Variance-27.00% EXHIBIT G CENTRAL REGIONAL WASTEWATER SYSTEM CAPITAL OUTLAYS $714,870 $979,340 ($264,470) decrease O The Capital Outlays category can vary significantly from year to year as major equipment is only purchased on an annual as needed basis. O This category consists of 54% or $390,250 of capital expenditures for replacement items and 46% or $324,620 of new capital equipment items proposed for purchase in FY 2007. p Approximately 73% or $283,400 of the proposed Capital Outlay items is associated with the replacement of a dump truck, two 3/4 ton trucks and a sedan, which all have excessive wear due to mileage and age. Also, included are the replacement of a 40 ton water chiller for the Maintenance Building, a trailer -mounted air compressor and trailer -mounted heavy duty pump. p Under the category of new proposed items, approximately 690/ or $222,820 is for the procurement of a Hazardous Flash Protection Kit, Maintenance Palmtop Units with software to provide real-time tracking of maintenance work and inventory/purchase of parts, and a Mass Spectrophotometer for lab testing. p A list of all the projected capital expenditures is on pages 28 and 29 of the attached proposed FY 4007 Budget. The category of Capital Outlays consists of the purchase of machinery and equipment to achieve a new purpose or replace existing equipment. EXHIBIT H CENTRAL REGIONAL WASTEWATER SYSTEM DEBT SERVICES AND MISCELLANEOUS FY 2007 p Proposed FY 2007 $37,128,240 vs FY 2006 $33,960,220 Variance 9.33% $3,168,020 increase p The amount budgeted for Debt Service reflects the fixed and established schedules based on outstanding debt of the Central System, O In July 2001, the Authority issued $88,225,000 in System Improvement Bonds to finance the design and construction of various rehabilitation and plant improvement projects. These bonds were purchased by the Texas Water Development Board, 0 In January 2003, the Authority issued $135,885,000 in Revenue Refunding Bonds to retire the Series 1993 Bonds, producing a savings of $ 11,731,109 through the life of the bonds. O In December 2004, the Authority issued $106,475,000 in System Improvement Revenue Bonds to finance the design and construction of various pipeline and plant improvement projects. These bonds were purchased by the Texas Water Development Board. 0 In April 2005, the Authority issued Series 2005 Revenue Bonds in the amount of $9,525,000 to fund projects, including land rights acquisition, listed in the the Central Regional Wastewater System Five -Year Plan Update and Summary of Proposed Capital Improvement report. O A lisitng of each outstanding bond issue and the applicable principal and Interest payment may be found on page 30 of the attached proposed FY 2007 Budget. Debt Service and Miscellaneous Debt Services and Miscellaneous includes the annual principal and interest payments due on the System bonds and the associated paying agent fees. Typically, annual principal and interest payments are structured to provide relatively level debt service requirements from year to year until such time as additional bonds are issued. ., :t..,:i rA ^,�r ac .;oP€.r t •:.,,t" *�:„ , <�r'�'.,.;, r y, d'°'} t!6 ': , ,n ""� i 'it M ^.i a _�,. �.`R ��... } � q s "I e S �IBIT4. t r., ~!' x, {�Ika., r, ,,.:5'`• ��..,c HI ,,,. ? .� .}:. .t9 �X? R J, v,., F*,'J .-,. ., .fit ,.,.. .n,n� .xS. ,.:rye :u , t. .. Y- ,�6 :1 r. WAS T ->. � v>. l t .i, ,.i. �•:.>,f ... vy ;. :.. ''r« .; _ua-.. }}, .;,i7;' ryry uzn 4 , YrT �,rq`:' UR ENT.IIND��HISTO ICAL S T EM F NCIAL,AND, LL�W, DA 4. ;1:. •$1. � r,�� ,_ • .,, R u , ,, s: rr t.:,. .�.. °� ..«.. .N .. x.. -.. xi hrv. ..tt. t.. rr a-. v. -, t k .::,�.. ,. ,. 1:.-,.r J ,.. ...F-.. `!., ,., $.... 4. Y, tt. ;., ,.. ..a, s, .n ,. A, d. 4 ...xr .,..,.-1 ,... . .... .: .., r,... .�'. „ . , k'F,i.:rryp,'.�a'y` �i QG�.,.,41 ACTUAL FISCAL BUDGETED ACTUAL BUDGETED ACTUAL PROJECTED ACTUAL PROJECTED NET YEAR EXPENDITURES EXPENDITURES REVENUE" REVENUE** FLOW FLOW COST/1,000 GAL. COST/1,000 GAL. 1999 $50,390,530 $50,691,945 $45,8592710 $4578087213 123.31 MGD 120.64 MGD $100189 $140403 2000 $51,066,490 $51,361,749 $479812,790 $487442,041 127.41 MGD 123.47 MGD $100253 $1.0720 2001 $54,509,150 $56,087,461 $49,187,660 $51,953,155 143.13 MGD 146.49 MGD $0.9415 $009716 2002 $54,3527130 $53,339,201 $50,421,660 $50,188,032 145.52 MGD 144.22 MGD $0.9493 $0.9533 2003 $58,077,710 $56,099,876 $54,613,900 $53,188,063 150.15 MGD 139.13 MGD $0.9965 $100473 2004 $57,839,230 $57,3967573 $55,1937770 $54,854,452 151.21 MGD 144.60 MGD $009973 $1.0390 2005 $58,4219590 $60,748,229 $55,735,040 $567073,453 151.25 MGD 138.50 MGD $140100 $1.1090 2006 $62,959,330 * $60,961,220 * 155.20 MGD * $100760 2007 $70,271,510 * $67,216,660 * 149.49 MGD * $102320 * FY 2006 and FY 2007 actuals not known ** Contracting Party revenue only 180 160 140 120 p 100 80 60 40 20 0 Central Regional Wastewater System Flow & Net Cost/1,000 Gal. 1999 2000 2001 2002 2003 2004 2005 2006 2007 Fiscal Year ACT/EST NET COSTl1000 --�--ACT/EST MGD *FY2006 & 2007 are projected 1.5 EXHIBIT J CENTRAL REGIONAL WASTEWATER SYSTEM PROJECTED FUTURE COST OF SERVICE 8/7/2006 F(SCA41�R zm : x ENDING vim{ <VOV, 30. PROJECTED `�I of ,r ;(IV�GD21 GROSS S COST,PER NE.T 2007 159.61 $1.206 $1.080 2008 162.410 $1.189 $1,129 2009 165.210 $1.199 $1.139 2010 168.000 $1.392 $1,323 2011 170.000 $1.415 $1.344 2012 1 172.000 1.437 1.365 NOTES: NET COST IS PROJECTED TO BE 95% OF GROSS COST BASED UPON HISTORICAL TRENDS FOR FY 2008 THROUGH 2O12. UNIT COST CALCULATION FOR FY 2007 THROUGH FY 2012 INCLUDES PROJECTED ADDITIONAL DEBT TO FINANCE PLANT AND COLLECTION SYSTEM IMPROVEMENTS IN THE 2007 BOND SALE OF APPROXIMATELY $287 MILLION. FLOW PROJECTIONS FOR FY 2007 THROUGH 2O12 ARE BASED ON THE PHASE IV I&I ASSESSMENT PREPARED BY BLACK & VEATCH USING POPULATION PROJECTIONS. ENDING 1=f QU41 CTO PER GAT RER'� , 2007 149.464 $1.288 $1.154 2008 154.000 $1.256 $1.194 2009 156.000 $1.272 $1.209 2010 158.000 $1.482 $1.408 2011 160.000 $1.505 $1.430 2012 162.000 1.528 1.462 NOTES: NET COST IS PROJECTED TO BE 95016 OF GROSS COST BASED UPON HISTORICAL TRENDS FOR FY 2008 THROUGH 2O12. UNIT COST CALCULATION FOR FY 2007 THROUGH FY 2012 INCLUDES PROJECTED ADDITIONAL DEBT TO FINANCE PLANT AND COLLECTION SYSTEM IMPROVEMENTS IN THE 2007 BOND SALE OF APPROXIMATELY $287 MILLION. FLOW PROJECTIONS FOR FY 2007 ARE BASED ON CUSTOMER CITY PROJECTIONS. FLOW PROJECTIONS FOR FY 2008 THROUGH FY 2012 ARE PROJECTIONS BASED ON 8 YEAR HISTORICAL TREND.