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HomeMy WebLinkAboutMIN JUN 10 2002 M I N U T E S - CITY OF BEAUMONT Lulu L. Smith, Mayor Pro Tern EVELYN M. LORD, MAYOR Guy N. Goodson Andrew P. Cokinos 2002 BUDGET SUMMIT Becky Ames Bobbie J. Patterson June 10,2002 Audwin Samuel Lane Nichols, City Attorney Stephen J. Bonczek, City Manager Lolita Ramos, Interim City Clerk The City Council of the City of Beaumont,Texas,met in a special Budget Summit with administration and staff on June 10, 2002, at the Tyrrell Park Garden Center, Beaumont, Texas, at 11:30 a.m. Lunch was served at 11:30 a.m., and the Budget Summit opened at 12:15 p.m. Councilmembers present were:Mayor Evelyn M.Lord,Mayor Pro Tern Lulu Smith,Councilmembers-At-Large Andrew P.Cokinos and Becky Ames,and Councilmembers Guy Goodson,Audwin Samuel,and Bobbie J. Patterson. Present were staff members: Stephen J. Bonczek, City Manager; Lane Nichols, City Attorney; Lolita Ramos, Interim City Clerk; Kyle Hayes, Executive Assistant to the City Manager/Economic Development Director; Marie Dodson, Human Resources Director; Kirby Richard, Central Services Director;Tom Scofield, Police Chief; Micky Bertrand, Fire Chief; Ingrid Holmes,Public Health Director;Tom Warner, Public Works Director;Maurine Gray,Library Director; John Labrie,Clean Community Director;Sue Dismukes, Personnel Manager;and Andrea Deaton, Budget Officer. Also, present were approximately 12 citizens. The City Manager presented the City's current fiscal position, including projected end-of-the-year revenues and expenditures,city projects completed and scheduled for completion,and proposals for budget development for the fiscal year 2002-2003, as shown in Exhibit "A." Topics discussed during the presentation included the following: • Philosophy behind the strategic direction of the City. • The Financial Outlook, including revenue and expenditure comparisons, fiscal year end balances, and the year end fund balances and debt service fund balances. • Section 108 Projects status. • Year End Projections: Good News projections are industrial payments exceed FY2002 budget,higherthan expected fund balances,personnel cost savings,building permits growth, increased employee safety containing workers compensation costs and fire training center progress report. • Year End Projections: Bad News projections are industrial payments for FY2003,proposed expansion of the sales tax holiday,rising cost of property insurance,appraised values lower than expected, sales tax receipts and increased transit operating costs. • Alternative courses of action,the City is exploring to increase revenues and reduce spending. • Long Range Financial Plan outlining impending capital improvements plan, scheduled projects and an outline on the expenditure of funds from the sale of the Central Park land. • A review of the proposal first discussed last year on the possibility of implementing a storm water utility fee to replace the street user fee and generate money to avoid either a tax increase or reduced city services. Further discussion on the 2003 budget process was recessed at approximately 2:05 p.m. and resumed at 2:35 p.m.,when the City Manager lead the discussion on the strategic issues facing the City as it prepares for the new fiscal year. Issues discussed concerning the budget development process were: • Use of the Fund Balance and the percentage year-end fund balance acceptable forthe City. • A proposal on a Stormwater Utility Fund, including costs per household and impact on businesses,money such a fund would generate forthe general fund of the City and restricted uses of the money from such a fund. • Alternative revenue sources and solutions for reconciling the declining City transit funds. • Costs and possibilities of implementing the Phase 11 of the City employee classification and compensation plan and the impact on the general fund. • Employee health insurance costs and general liability funding levels. • Calendarforthe budget process,establishing the public hearing date and budget approval deadline of September 27, 2002. There being no other business, the Budget Summit ended at 3:30 p.m. Evelyn M. Lor , Mayor Lolita Ramos, Interi Cit .clerk Minutes June 10,2002 Page 2 c o Beaumont, Texas it f � �I I �2 .budget Summit June 10, 2002 EXHIBIT "A" 2002 BUDGET SUMMIT MONDAY, JUNE 10, 2002 11:30 A.M. - 5:00 P.M. THE GARDEN CENTER at TYRRELL PARK � CITY COUNCIL ADMINISTRATION Evelyn M. Lord, Mayor Stephen J. Bonczek, City Manager Dr. Lulu Smith, Mayor Pro-Tem Lane Nichols, City Attorney Lolita Ramos, Interim City Clerk Becky Ames, At Large Andrew P. Cokinos, At Large Kyle Hayes, Executive Assistant to the City Guy Goodson, Ward 11 Manager/Economic Development Director Audwin Samuel, Ward III Marie Dodson, Human Resources Director Bobbie J. Patterson, Ward IV Kirby Richard, Central Services Director Tom Scofield, Police Chief Michel Bertrand, Fire Chief Ingrid Holmes, Public Health Director Tom Warner, Public Works Director Maurine Gray, Community Services Director John Labrie, Clean Community Director FACILITATOR Stephen J. Bonczek City Manager tU79j City of Beaumont, Texas Mission WORKING TOGETHER FOR A BETTER BEAUMONT Providing our community with quality service through courteous and dedicated employees Guiding Principles Integrity Doing the right thing all of the time Communication Sharing information with each other and those we serve accountability Being responsible for our actions Respect Treating each other with dignity and valuing our diversity Empowerment Having the ability and commitment to act in the public interest "Creating value in public service" 2002 Budget Summit Monday, June 10, 2002 11:30 a.m. - 5:00 p.m. Location: The Garden Center @ Tyrrell Park Facilitator: Stephen J. Bonczek, City Manager Purpose • To discuss strategic financial issues facing the City • To identify alternative courses of action for addressing the issues • To provide direction for the development of the 2003 City Budget Introduction • Purpose of the Summit • Mayor/Council and Administration Expectations Current Fiscal Situation • Financial Report and Analysis - Seven Months (October 2001 - April 2002) • Comparative Financial Analysis • Revenues • Expenditures • Fund Balance • Fiscal Year End Fund Balance • Debt Service Fund • HUD Section 108 Projects Projected Financial Situation - Year End 2002 • Good News/Bad News 2001-2002 • Alternative Courses of Action • Financial and Budgetary Challenges • Ideas That Save Costs and Increase Revenue/Service Quality • Engaging Citizens In the Budget Process • Analysis of Fund Balance Long-Term Outlook • Long-Range Financial Plan (2002-2011) • Capital Improvement Program • Stormwater Utility BREAK Dress: Casual Food/Refreshments to be Provided Participants: Mayor/Council, City Manager and Department Directors The 2003 Budget • The Budget Development Process • Calendar for Budget Planning • The Role of the Financial Improvement Team(FIT) • Strategic Action Plan • Issues • Use of Fund Balance • Creation of a Stormwater Utility Fund • Administration Stormwater Utility Proposal • Maintain Stability/Alternative Revenues/Cost Controls and Reductions • Reduction in State Transit Funding and Increased Operating Costs • Classification-Compensation Plan- Phase 11 • Employee Health Insurance • General Liability Funding Level • Discussion • Budget Reconciliation Plan for FY 2003 Dress: Casual Food/Refreshments to be Provided Participants: Mayor/Council, City Manager and Department Directors 2002 BUDGET SUMMIT MISSION This meeting is planned to provide a forum for the Mayor/City Council and Administration to achieve consensus on major financial/budgetary policy issues facing the community in FY2003 and then for Council to provide direction to the Administration. ROLE OF MAYOR AND COUNCIL The Mayor and Council will discuss issues of concern and assist the facilitator in bringing the discussion to an agreed upon closure. This closure will provide the Administration with operational direction in preparation of the FY2003 budget. ROLE OF ADMINISTRATION The City Manager and Department Directors are present for the purpose of providing the Mayor and Council with information when required, to clarify discussions and to participate in the dialogue as appropriate. ROLE OF FACILITATOR The City Manager as facilitator will provide a brief introduction on the issue resolution process,then direct discussion along the lines ofthe agenda stimulating participation from the Mayor, members of Council and the Administration while assisting in bringing discussion to closure. FINANCIAL REPORT AND ANALYSIS M O N T H L Y _ Finance Department R E P O R T April 2002 INSIDE Accounting The CIP will provide information Accounting . . . . . . . . . . . . . . . . . . . . . . . . / relative to major construction Administration. . . . . . . . . . . . . . . . . . . . . . I either underway or scheduled to Budget and Grant Administration . . . . . . . I Performance Cash Management . . . . . . . . . . . . . . . . . . . I Report begin in FY 2003. The financial Water Customer Service. . . . . . . . . . . . . . . 2 impact of the funding needs will Monthly Financial Report . . . . . . . . . . . . . 2 The financial report for the month then be incorporated into the FY of April is submitted with this 2003 Operating Budget. In report. Audit adjustments have accordance with City Charter, the been recorded and beginning fund l CIP will be submitted to Council balances reflect audit balances. May 15, 2002.. Other comments appear under "Monthly Financial Report." Prior to the publication of April monthly report, the date for the annual Budget Summit was in the Administration process of being rescheduled. Staff will be in contact with Mayor and The FY 2001 Popular Annual Council to determine a new date. Financial Report (PAFR) has been completed and is currently being i distributed to the public. Both the Cash Management PAFR and the FY 2001 CAFR are Three new small business loans i �, ; 1.j �5 �.4 now available for viewing on the were approved by the Committee ' Citys web page. r * ,` during the month; Triangle Gold Books LLC ($22,500), Spotlight Magazine ($10,000), and Budget and Grant P-Beaux's Restaurant ($10,000). Administration The balance of available funds is j $310,117. Following the submission of the Finance Department City of Beaumont Long Range Financial Plan, the EMS collections for the month of next step in the April were $181,999 which budget process exceeds the estimated amount by Finance Direoctor oze Stephen J. B is preparation `gyp` ® $31,000. Year to date collections and ' total$1,046,452. The total 7 Kandy Daniel, Treasurer submission of number of billings was up from Andrea Deaton, Budget Officer the Capital B the previous month at 705. Paula Labrie, Controller Improvement Plan(CIP). ■April 2002 Finance Department HOTEL OCCUPANCY TAX Water Customer FUND i Service Revenues are have been right on Delinquent notices for target with budget projections. April water billing decreased Staff will continue to monitor and to 5,672 notices mailed. The ° adjustments will be made as number of phone calls fielded by the needed. customer service employees is up from March at 7,698. The use of direct debit continues to grow and has increased this I CASH AND INVESTMENTS month to a total of 3,439 Cash and investments total participants. $46.7M. This compares to $68AM as of the same period for fiscal d year 2001. Investment revenue Monthly Financial earned year-to-date totals $993,330 compared to $2,296,008 Report for fiscal year 2001. The year-to- The Monthly Financial Report for date average yield on sold or the month ended April 30, 2002, is maturing investments for fiscal submitted along with highlights year 2002 is 6.00% compared to where applicable. It is the seventh 2001's average yield of 5.88%. month of the fiscal period and The City's current investment beginning balances have been portfolio is providing an average adjusted to reflect FY01 year-end yield of 2.79% with an average audit adjustments. Preliminary maturity of 247 days at April 30, projections have been established 2002. and will be reviewed and modified I on a monthly basis. i GENERAL FUND Sales Tax of$1.8 million received for the period is 2% above last fiscal year. Revenues represent sales for the month of February and reflect an increase from the previous year although year to date collections are $95,434 or .7% below the budgeted amount. Sales tax will continue to be monitored on a monthly basis and the forecast revised if needed. Most expenditures appear to be on i budget. i i general fund 'I, -w sb xa`l ��o .1o ,�iJ ji�'d8 CITY OF BEAUMONT GENERALFUND STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE For the seven months ended April 30,2002 FYE 2002 Favorable/ Current Actual Projected at Year-End to _ Month Year To Date _04130/02_ _ Budget _Budget REVENUES Sales and Use Tax $ 1,910,875 $ 13,494,376 $ 26,752,000 26,752,000 - Property Taxes 148,840 11,743,305 12,213,000 12,213,000 - Industrial Tax Payments 645,313 12,310,704 12,310,704 11,728,700 582,004 Gross Receipts Tax 823,769 1,634,876 6,350,000 6,350,000 - Utility Fund in Lieu 425,000 2,975,000 5,100,000 5,100,000 - Charges for Services 253,777 1,418,850 2,486,900 2,486,900 - Fines and Forfeits 157,751 1,111,233 2,007,400 2,007,400 - Licenses and Permits 67,694 783,518 1,272,000 1,272,000 - Culture and Recreation 91,890 489,674 789,400 789,400 - Interest Earnings 36,238 178,851 450,000 600,000 (150,000) Intergovernmental Revenue - - 1,000 1,000 - Miscellaneous Revenue 45,610 608,238 1,075,800 1,075,800 - TOTAL REVENUES 4,606,757 46,748,625 70,808,204 70,376,200 432,004 EXPENDITURES Police 1,588,146 11,235,563 19,444,600 19,494,600 50,000 Fire 1,098,688 8,087,307 14,230,100 14,230,100 - Public Works 1,006,576 6,487,908 11,822,100 11,822,100 - Central Services 524,652 3,472,448 6,652,400 6,552,400 (100,000) Public Health 344,686 2,371,909 4,573,100 4,573,100 - Library System 215,337 1,448,093 2,646,000 2,646,000 - Finance 93,784 608,497 1,137,400 1,187,400 50,000 City Clerk 74,474 601,484 1,084,500 1,094,500 10,000 General Government 62,935 589,846 1,021,400 1,021,400 - Economic Development 58,827 405,138 846,100 846,100 - Human Resources 53,570 382,396 678,700 678,700 - City Attorney 47,785 367,786 622,700 622,700 - Special Purpose 588,075 4,116,525 7,056,900 7,056,900 - TOTAL EXPENDITURES 5,757,535 40,174,900 71,816,000 71,826,000 10,000 EXCESS REVENUES OVER (UNDER)EXPENDITURES (1,150,778) 6,573,725 (1,007,796) (1,449,800) 442,004 FUND BALANCE Beginning Fund Balance 15,129,029 7,404,526 7,404,526 7,163,084 241,442 Ending Fund Balance $ 13,978,251 $ 13,978,251 6,396,730 5,713,284 683,446 3 CITY OF BEAUMONT GENERALFUND REVENUE SUMMARY For the seven months ended April 30,2002 FY 2002 FY 2002 FY 2002 Estimate at Actual at Over/(Under) REVENUES Budget 04/30/2002 04/30/2002 Estimate Sales and use tax 26,752,000 13,556,442 13,494,376 (62,066) Property taxes 12,213,000 11,727,216 11,743,305 16,089 Industrial payments 11,728,700 11,728,700 12,310,704 582,004 Gross receipts tax 6,350,000 1,570,762 1,634,876 64,114 Utility fund in lieu 5,100,000 2,973,810 2,975,000 1,190 Fines and forfeits 2,007,400 1,146,969 1,111,233 (35,736) Charges for services 2,486,900 1,399,889 1,418,850 18,961 Culture 8 Recreational 789,400 503,091 489,674 (13,417) Licenses and permits 1,272,000 655,493 783,518 128,025 Interest earnings 600,000 353,400 178,851 (174,549) Intergovernmental rev. 1,000 94 — (94) Miscellaneous revenue _._ 1,075,800 _ 613,854 608,238 _ {5,616) TOTAL REVENUES 70,376 200 46 2, 29.720. _ 46,748,625 518,905 MONTHLY CASH FLOW Beginning Ending Cash Balance Receipts Disbursements Cash Balance October 8,320,512 3,381,452 4,934,278 6,767,686 November 6,767,686 4,920,549 7,424,591 4,263,644 December 4,263,644 6,649,890 5,535,379 5,378,155 January 5,378,155 17,662,504 6,939,934 16,100,725 February 16,100,725 9,312,066 5,448,450 19,964,341 March 19,964,341 3,883,049 6,017,460 17,829,930, April 17,629,930 5,127,524 6,469,985 16,487,469 May 18.487,489 4,243,308 5,985,5()0 14,705,277 June 14,705;277 3,239,526 5,985,50 11,959,303 July 11,959,303 7,460,778 5,985,500 13,434,581. August 13,434;581 3,954,582 5,885,500 11,413,663 September 11,413;663 _4,026,168 5,985,500 9,454,331 73-831,396 72,697 577_ [� Estimated 4 Enterprise funds CITY OF BEAUMONT WATER FUND BALANCE SHEET April 30,2002 _ AVAILABLE RESOURCES CLAIMS ON AVAILABLE RESOURCES Assets Liabilities Cash $ 4,388,530 Escheat Clearing $ 10,052 Utilities Receivable(Net) 2,062,657 Accounts Payable 55,095 Other Receivables 35 Accrued Wages Payable 242,572 Inventories 1,177,313 Customer Deposits 891,430 1,199,149 Fund Balance Reserve, Receivables 2,062,692 Reserve, Inventories 1,177,313 Unreserved 3,189,381 6,429,386 TOTAL AVAILABLE RESOURCES $_-._7,628,535 TOTAL CLAIMS ON RESOURCES $-.-_7 628 535 6 CITY OF BEAUIMONT WATER FUND STATEMENT OF REVENUES,EXPENSES AND CHANGES IN FUND BALANCE For the seven months ended April 30,2002 Favorable/ FYE 2001 (Unfavorable) Current Actual Projected at Year-End to _ Month_ Year To Date 041.3012002 Budget _ _ Budget REVENUES Residential Water $ 843,118 5,904,944 10,818,000 11,000,000 (182,000) Residential Sewer 584,152 4,012,740 7,042,000 7,200,000 (158,000) Major Accounts 475,598 3,613,043 6,655,000 6,344,000 311,000 Service Charges 102,990 721,707 1,200,000 1,100,000 100,000 Interest Earnings 21,234 329,450 730,000 800,000 (70,000) Miscellaneous Revenue 765 73,293 76,000 26,000 50,000 TOTAL REVENUES 2,027,857 14,655,177 26,521,000 26,470,000 51,000 EXPENSE CATEGORY Operating Sewer Maintenance 195,066 1,552,457 2,727,900 2,727,900 - Production 187,858 1,280,647 2,434,100 2,434,100 - Distribution 203,095 1,431,858 2,532,900 2,532,900 - Reclamation 124,368 859,332 1,606,500 1,681,500 75,000 Customer Service 83,309 595,304 1,069,900 1,069,900 - Administration 52,375 384,163 788,900 828,900 40,000 Non-Operating Debt Service - 1,755,042 5,619,700 5,619,700 - Payments in Lieu of Taxes 362,500 2,537,500 4,350,000 4,350,000 -- Other 6 ___8_6 891_ 2,976,008 4,680,900 _ 4,680,900 - - 1 _ TOTAL EXPENSES 2,075,462 13,372,311 25,810,800 25,925,800 115,000 EXCESS(DEFICIT)REVENUES OVER EXPENSES (47,605) 1,282,866 710,200 544,200 166,000 FUND BALANCE Beginning Fund Balance 6,476,991 _5,146,520 _5,146,520 _ 6,163,049 (1,016,529) Ending Fund Balance $ 6.429,386 6,429,386_ .5 856 720 6.707,2 (850 529) Note: Major Accounts consist of all customers in a given month with total Water and Sewer charges over$2,500. 7 CITY OF BEAUMONT SOLID WASTE FUND BALANCE SHEET April 30,2002 AVAILABLE RESOURCES CLAIMS ON AVAILABLE RESOURCES Assets Liabilities Cash $ 2,677,335 Accounts Payable $ 33,303 Utilities Receivable(Net) 571,476 State Disposal Fees Payable 85,884 Other Receivables 141,405 Accrued Wages Payable 84,890 204,077 Fund Balance Reserve, Receivables 712,881 Unreserved 2,473,258 _ 3,186,139 TOTAL AVAILABLE RESOURCES $ 3,390.216_ TOTAL CLANS ON RESOURCES $__ _ 3 390.216. 8 CITY OF B EAUMONT SOLID WASTE FUND STATEMENT OF REVENUES,EXPENSES AND CHANGES IN FUND BALANCE For the seven months ended April 30,2002 Favorable/ FYE 2001 (Unfavorable) Current Actual Projected at Year-End to Month_ Year To Date _041301200.2 Budget Budget REVENUES Residential Collections $ 383,091 2,674,895 4,591,000 4,591,000 - Landfill Fees 137,055 939,123 1,552,000 1,282,000 270,000 Interest Earnings 5,493 60,320 100,000 100,000 - Clean Community Fees 22,389 157,714 264,000 264,000 - Miscellaneous Revenue 193 _66,300 _ 81,000 21,000 60,000 TOTAL REVENUES 548,221 3,898,352 6_588,000 6,258,000 _ 330,000 EXPENSE CATEGORY Operating Landfill Operations 130,701 1,257,227 2,499,200 1,559,200 (940,000) Yard Waste Collections 141,949 837,169 1,353,100 1,353,100 - Residential 111,496 689,156 1,207,000 1,207,000 - Neighborhood Services 49,712 321,080 606,100 606,100 - Administration 37,650 232,189 407,000 407,000 - Non-Operating Debt Service - 173,312 173,200 173,200 - Transfers to Other Funds 38,016 266,116 456,200 456,200 -- Other 62,500 1,039,321 1,338,000 1,380,000 42,000 TOTAL EXPENSES _ 572,024 4,815,570 _ 8,039,800 _ 7,141,800 X898,000) EXCESS(DEFICIT)REVENUES OVER EXPENSES (23,803) (917,218) (1,451,800) (883,800) (568,000) FUND BALANCE Beginning Fund Balance 3,209,942 _ 4 ,357 4,103,357 2,773,803 1,329,554 Ending Fund Balance $. _ 3,186 139 __3186.139 2,65-1 1 890,003 761,554 9 S TOO ` �� OSpecial 'Tevenue funds O CITY OF BEAUMONT HOTEL OCCUPANCY TAX FUND BALANCE SHEET April 30,2002 AVAILABLE RESOURCES CLAIMS ON AVAILABLE RESOURCES Assets Liabilities Cash $ 338,455 Accounts Payable $ — Accounts Receivable 9,728 Accrued Wages Payable 17,120 17,120 Fund Balance,Unreserved 331,063 TOTAL AVAILABLE RESOURCES $ 348,183 TOTAL CLAIMS ON RESOURCES $ 348,183 12 CRY OF BEAUMONT HOTEL OCCUPANCY TAX FUND STATEMENT OF REVENUES,EXPENDIT URES AND CHANGES IN FUND BALANCE For the seven months ended April 30,2002 Favorable/ FYE 2001 (Unfavorable) Current Actual Projected at Year-End to Month Year To Date 04/.30/20.02 — Budget Budget REVENUES _ ---- Hotel/Motel Tax $ 151,497 1,001,406 1,650,000 1,650,000 - Interest Earrings 655 5,801 8,000 8,000 - Miscellaneous Revenue _ 71 _ _ 646 1,000 1,000. TOTAL REVENUES 152,223 1,007,853 1,659,000 1,659,000 - EXPENDITURE CATEGORY Convention and Visitors Bureau 59,007 406,185 903,500 903,500 - Convention Facilities 41,472 255,435 548,700 548,700 - Designated Programs 33,500 178,800 370,000 370,000 - TOTAL EXPENDITURES 133,979 840,420 1,822,200 1,822,200 - EXCESS REVENUES OVER (UNDER)EXPENDITURES 18,244 167,433 (163,200) (163,200) - FUND BALANCE Beginning Fund Balance _ 312,819 _ 163,630 _ 163,630 _ 163,228 402 Ending Fund Balance $--_ 331,063 331-063 430 Z8 402 13 CITY OF BEAUMONT STREET MAINTENANCE FUND BALANCE SHEET April 30,2002 AVAILABLE RESOURCES CLAIMS ON AVAILABLE RESOURCES Assets Liabilities Cash $ 1,178,387 Accounts Payable $ — Utilities Receivable(Net) 198,440 Fund Balance Reserved for Encumbrances 222,739 Reserved for Receivables 198,440 Unreserved 955,648 1,376,827 TOTAL AVAILABLE RESOURCES $ 1,376,827 TOTAL CLAIMS ON RESOURCES $ 1,376,827 14 CITY OF BEAUMONT STREET MAINTENANCE FUND STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE For the seven months ended April 30,2002 Favorable/ FYE 2001 (Unfavorable) Current Actual Projected at Year-End to Month Year To Date 0413012002 Budget Budget -- - - -- REVENUES Charges for Services $ 122,035 847,249 1,450,000 1,450,000 - Interest Earnings 2,773 26,927 _ 50,000 50,000 - TOTAL REVENUES 1.24,808 874,176 1,500,000_ 1 500,000 - EXPENDITURE CATEGORY Street Rehabilitation 208,643 1,220,496 1,320,500 1,751,400 _ 430,900 TOTAL EXPENDITURES 208,643 1,220,496 1,320500_ 1,751,400 430,900 EXCESS REVENUES OVER (UNDER)EXPENDITURES (83,835) (346,320) 179,500 (251,400) 430,900 FUND BALANCE Beginning Fund Balance 1,460,662 1,723,147 1,723,147 251,475 1,471,672 Ending Fund Balance $ 1-175 1.,376.827. = 1,902 647.. 75 1.902 572_ Note:Total expenditures include actual outstanding purchase orders and future purchase orders necessary for completion of projects. Actual purchase orders as of April 30, 2002 were$222,739. 15 CITY OF BEAUMONT MUNICIPAL TRANSIT FUND BALANCE SHEET April 30,2002 AVAILABLE RESOURCES CLAIMS ON AVAILABLE RESOURCES Assets Liabilities Cash $ — Accounts Payable $ — Due from Other Governments 1,161,540 Due to Other Funds 751,404 751,404 Fund Balance Fund Balance, Unreserved (379,179) Equity in Bmt Municipal Transit Co. 186,769 Reserved for Encumbrances 602,546 410,136 TOTAL AVAILABLE RESOURCES $ 1,161,540 TOTAL CLAIMS ON RESOURCES $ 1,161,540 16 CITY OF BEAUMONT MUNICIPAL TRANSIT FUND STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE For the seven months ended April 30,2002 Favorable/ (Unfavorable) FYE 2002 Year-End Current Actual Projected at To Month Year To Date 0.4_/30/02 Budget_ _ Budget REVENUES Service Charges $ 48,983 369,584 817,800 817,800 — Intergovernmental Revenue 112,219 1,365,636 2,938,600 2,938,600 — Interest — 79 — — — Miscellaneous Revenue 1,550 13,350 30,000 30,000 — Transfer from General Fund 85,000 595,000 1,020,000 1,020,000 — TOTAL REVENUES 247,752 2,343,649 4,806,400 4,806,400 — EXPENDITURE CATEGORY Contract Services 274,970 2,064,479 3,240,000 3,240,000 Capital Improvements — — 1,578,600 1,578,600 — TOTAL EXPENDITURES 274,970 2,064,479 4,818,600 4,818,600 — EXCESS(DEFICIT)REVENUES OVER EXPENDITURES (27,218) 279,170 (12,200) (12,200) — FUND BALANCE Beginning Fund Balance 437,354 130,966 209,151 209,151 (78,185) Ending Fund Balance $ 410,136 410,136 196,951 _ 196,951 _ (78,185) 17 .... Z « 2 internal Service funds CITY OF BEAUMONT CAPITAL RESERVE FUND BALANCE SHEET April 30,2002 AVAILABLE RESOURCES CLAIMS ON AVAILABLE RESOURCES Assets Liabilities Cash $ 1,481,703 Accounts Payable $ 218,656 Receivables — Due to Other Funds 77 218,656 Fund Balance, Unreserved 1,263,047 TOTAL AVAILABLE RESOURCES $ 1,481,703. TOTAL CLAIMS ON RESOURCES $ 1.481.703 STATEMENT OF CASH FLOW For the seven months ended April 30,2002 Current Month Year To Date Cash Flow from Operating Activities _ Cash Received from Charges for Services $ 146,050 1,037,987 Cash Paid to Suppliers _L475) A36,7" —145,575 601,193 Cash Flow from Capital and Related Financing Activities Proceeds From Other Sources — — Proceeds from Issuing Debt — Principal Retirement and Interest Charges (167,310) (276,617) Acquisition of Capital Assets _161,408 538,588 _ L28,718) (815,20 Cash Flow from Investing Activities Interest Earnings 3,758 33,039 Net Cash Flow (79,385) (180,973) CASH BALANCE Beginning Cash Balance __1,561,088 1,662,676 Ending Cash Balance $14-81,703 1,481,703, 20 CITY OF BEAUMONT CAPITAL RESERVE FUND STATEMENT OF REVENUES,EXPENSES AND CHANGES IN FUND BALANCE For the seven months ended April 30,2002 Favorable/ FYE 2001 (Unfavorable) Current Actual Projected at Year-End To _Month Year To Date 04130/2002 Budget Bu_d_get REVENUES Charges for Services $ 116,175 813,225 1,394,100 1,394,100 — Interest Earnings 3,758 33,039 60,000 60,000 — Transfers from Other Funds 29,875 209,125 358,500 358,500 — Proceeds from Capital Leases — — — — Miscellaneous Revenue — — 20,000 20,000 — TOTAL REVENUES 149,808 1,055,389 1,832,600 1,8321600 — EXPENSE CATEGORY CapitalOutlay-Equipment 61,883 757,244 1,324,800 1,324,800 -- Capital Outlay-Critical Bldg 475 95,682 297,000 297,000 — Debt Service 167,310 276,617 775,600 775,600 — TOTAL EXPENSES 229,668 1,129,543 2,397,400 2,397,400 — EXCESS(DEFICIT)REVENUES OVER EXPENSES (79,860) (74,154) (564,800) (564,800) — FUND BALANCE Beginning Fund Balance 1,342,907 1,337,201 _ 1,337,201 1,171,380 _ 165,821 Ending Fund Balance $ 1.263.047 1,263 047- _ 772,401_ . 606580 165 821_ 21 CITY OF BEAUMONT FLEET FUND BALANCE SHEET April 30,2002 AVAILABLE RESOURCES _ CLAIMS ON AVAILABLE RESOURCES Assets Liabilities Cash $ 405,195 Accounts Payable $ 54,555 Inventories 336,451 Accrued Wages Payable 41,916_ Other Receivables — _ 96,471 Fund Balance Reserved for Inventories 336,451 Unreserved 308,724 645,175 TOTAL AVAILABLE RESOURCES $ 741.646 TOTAL CLAIMS ON RESOURCES $ 741 646. STATEMENT OF CASH FLOW For the seven months ended April 30,2002 Current Month Year To Date Cash Flow from Operating Activities Cash Received from Charges for Services $ 411,994 2,463,029 Cash Paid to Suppliers (228,215) (1,492,083) Cash Paid to Employees —_ (92,95 —(661,9 90,854 308,947 Cash Flow from Capital and Related Financing Activities Cash to(from)Other Funds (13,608) (95,258) Acquisition of Capital Assets _____(342) L,303) (13,950) _ (97,561 Cash Flow from Investing Activities Interest Earnings 313 1,754 Net Cash Flow 77,217 213,140 CASH BALANCE Beginning Cash Balance 327,978 192,055 Ending Cash Balance $__ 405.195 405 195_ 22 CITY OF BEAUMONT FLEET FUND STATEMENT OF REVENUES,EXPENSES AND CHANGES IN FUND BALANCE For the seven months ended April 30,2002 Favorable/ FYE 2001 (Unfavorable) Current Actual Projected at Year-End to Month Year To Date _0.4/3.0/2_00.2 B_ udget _ Budget REVENUES Charges for Services $ 411,994 2,463,029 4,080,100 4,080,100 — Interest Earnings 313 1,754 4,000 4,000 — Miscellaneous Revenue — — — — — TOTAL REVENUES 412,307 2,464,783 4,084,100 4,084,100 — EXPENSE CATEGORY Personnel Costs 92,925 661,999 1,195,100 1,195,100 — Operating Expenses 257,875 1,480,072 2,794,600 2,794,600 — Capital Outlay 342 2,392 4,100 4,100 — Transfers Out 13,608 95,258 163,300 163,300 — TOTAL EXPENSES 364,750 2,239,721 4,157,100 4,157,100 EXCESS(DEFICIT)REVENUES OVER EXPENSES 47,557 225,062 (73,000) (73,000) — FUND BALANCE Beginning Fund Balance 597,618 _ 420,113 420,113 636,489 216,376 __1 6 Ending Fund Balance $ _645,175- _. (245,175 _ _ 347,113. 563 489. _(216.376J 23 CITY OF BEAUMONT EMPLOYEE BENEFITS FUND BALANCE SHEET April 30,2002 AVAILABLE RESOURCES CLAIMS ON AVAILABLE RESOURCES Assets Liabilities Cash $ 1,717,016 Escheat Clearing $ 29,824 Receivables 125 Employee flex plan, suppl life&Rd 22,558 Accounts Payable 7 Accrued Wages Payable 16599 68,988 Fund Balance, Unreserved 1,648,153 TOTAL AVAILABLE RESOURCES $ 1,717,141 TOTAL CLAIMS ON RESOURCES $ 1,717,141 STATEMENT OF CASH FLOW For the seven months ended April 30,2002 Current __Month Year To Date Cash Flow from Operating Activities Cash Received from Charges for Services $ 1,027,701 7,201,209 Cash Paid for Benefits&Services __i1,151,964) _ (7,232,1 (124,263) (30,896) Cash Flow from Investing Activities Interest Earnings —7,666 61,758 Net Cash Flow (116,597) 30,862 CASH BALANCE Beginning Cash Balance 1,833,613 1,686,154 Ending Cash Balance $ 1,717,016 1,717,016 24 CITY OF BEAUMONT EMPLOYEE BENEFITS FUND STATEMENT OF REVENUES,EXPENSES AND CHANGES IN FUND BALANCE For the seven months ended April 30,2002 Favorable/ FYE 2001 (Unfavorable) Current Actual Projected at Year-End to Month Year To Date 04/301200_2_ _ Budget Budget REVENUES Interdepartmental Transfers Employee Health Ins $ 300,257 2,102,906 3,603,600 3,603,600 - Dependent Health Ins 468,666 3,283,091 5,641,800 5,641,800 - Worker's Comp. 92,325 646,658 1,109,900 1,109,900 - General 34,149 239,041 410,000 410,000 - Employee Contributions 132,304 924,161 1,524,000 1,524,000 - Miscellaneous Revenue - 5,352 - - - Interest Earnings 7,666 60,295 90,000 90,000 - TOTAL REVENUES 1,035,367 7,261,504 12,379,300 12,379,300 - EXPENSE CATEGORY Health Point-of-Service 582,778 2,977,762 5,011,000 5,011,000 - HMO Blue Texas 253,476 1,658,278 2,900,000 3,350,000 450,000 Dental 56,301 368,848 617,000 617,000 - Health Prescriptions 161,708 1,099,547 1,750,000 1,750,000 - Other Benefits 6,294 44,026 95,000 95,000 - Total 1,060,557 6,148,461 10,373,000 _ 10,823,000 450,000 Worker's Compensation Third Party Admin. 5,373 45,810 91,000 91,000 - Claims Paid 39,488 597,278 950,000 900,000 (50,000) Safety Management 7,033 76,824 129,200 129,200 - Excess Insurance - 25,414 25,000 25,000 - Total 51,894_ 745,326 _1,195,200 _ 1,145,200 (50,0 General Unemployment 12,045 24,357 60,000 60,000 - Short-term Disability 27,699 _ 293,073 350,000 - 350,000 - _ _- Total - 39,744 317,430 -410,000 - 410,000 - TOTAL EXPENSES - 1,152,195 7,211,217 11,978,200 12,378,200 400,000 EXCESS(DEFICIT)REVENUES OVER EXPENSES (116,828) 50,287 401,100 1,100 400,000 FUND BALANCE Beginning Fund Balance 1,764,981 1,597,866 1,597,866 928,102 669,764 Ending Fund Balance $ 1648,153 164$153 1.998,966 = _929.202_ = 1 069 764 25 CITY OF BEAUMONT GENERAL LIABILITY INSURANCE FUND BALANCE SHEET April 30,2002 AVAILABLE RESOURCES CLAIMS ON AVAILABLE RESOURCES Assets Liabilities Cash $ 900,145 Accounts Payable $ 586 _ 586 Fund Balance Reserved for Claims 899,559 Unreserved — 899,559 TOTAL AVAILABLE RESOURCES $.,__ ._900.145 TOTAL CLAIMS ON RESOURCES $__ 900.145 STATEMENT OF CASH FLOW For the seven months ended April 30,2002 Current Month Year To Date Cash Flow from Operating Activities Cash Received from Charges for Services $ 33,333 233,333 Cash Paid for Claims _ (6,293) (627,937) 27,040 (394,604) Cash Flow from Investing Activities Interest Earnings 2,047 20,309 Net Cash Flow 29,087 (374,295) CASH BALANCE Beginning Cash Balance 871,058 1,274,440 Ending Cash Balance $. KO-145 900,145 26 CITY OF BEAUMONT GENERAL LIABILITY INSURANCE FUND STATEMENT OF REVENUES,EXPENSES AND CHANGES IN FUND BALANCE For the seven months ended April 30,2002 Favorable/ FYE 2001 (Unfavorable) Current Actual Projected at Year-End to Month Year To Date _04/3_0/2002 Budget Budget REVENUES Interest Earrings $ 2,047 19,619 40,000 60,000 (20,000) Interdepartmental Transfers 33,333 233,333 400,000 400,000 — Miscellaneous Revenue — — — — — TOTAL REVENUES 35,380 252,952 440,000 460,000 (20,000) EXPENSE CATEGORY Professional Services 322 24,053 100,000 100,000 — Settlements 6,557 584,262 700,000 700,000 — Other Insurance — 3,420 4,000 4,000 — TOTAL EXPENSES 6,879 611,735 804,000 804,000 — EXCESS(DEFICIT)REVENUES OVER EXPENSES 28,501 (358,783) (364,000) (344,000) (20,000) FUND BALANCE Beginning Fund Balance 871,058 1,25342 1,258,342 1,272,987 X4645) Ending Fund Balance $ _ 899,559. _ 899 559.. —_894 342 928,987 3C645) 27 -1 --Nt, Capital Trojects funds CITY OF BEAUMONT GENERAL IMPROVEMENT FUND BALANCE SHEET April 30,2002 AVAILABLE RESOURCES CLAIMS ON AVAILABLE RESOURCES Assets Liabilities Cash $ 184,210 Accounts Payable $ 950 Receivables 500 950 Fund Balance Reserved for Park Improvements 575,000 Reserved for Construction (543,533) Reserved for Encumbrances 152,293 183,760 TOTAL AVAILABLE RESOURCES $ 184,710 TOTAL CLAIMS ON RESOURCES $ 184,710 STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE For the seven months ended April 30,2002 per General Ledger Actual To Date Revenues $ 374,335 Expenditures 632,2_2_3 Excess(Deficit)Revenues Over Expenditures (257,888) Fund Balance Beginning Fund Balance 441,648 Ending Fund Balance $ 183,760 FUNDING SUMMARY April 30,2002 Project Balance Funds Available(On Hand/Receivable) $ 183,760 UPARR Funding Provided 200,000 TPW Funding Provided 25,000 Grant Funding Provided 1,052,123 Available from Miller Trust 365,133 Reserved for Parts Improvements(Central Pk) (575,000) Required future 540,326 Total $ 1,791,342 30 CITY OF BEAUMONT GENERAL IMPROVEMENT FUND PROJECT EXPENDITURE REPORT April 30,2002 Current Project Expended Project Budget To Date Balance(1) EXPENDITURES Playground Renovations 400,000 274,664 125,336 McLean Park 100,000 625 99,375 Roberts Paris 150,000 625 149,375 Theodore R. Johns Library 1,950,000 1,625,068 324,932 Charlton Pollard Park 1,103,900 376,709 727,191 Miller Library Expansion 800,000 434,867 365,133 TOTAL EXPENDITURES $ 4,503,900 2,712,558 1,791,342 (1) Total project balance includes actual outstanding purchase orders and future purchase orders necessary for completion of projects. Actual purchase orders as of April 30,2002 were$152,293. Project Highlights Renovation of existing playgrounds at Alice Keith, Chaison and Gilbert Parks. Original CIP budget was$300,000. Renovations of existing playgrounds at McLean and Roberts Parks with partial funding from UPARR and TPW. Construction of Theodore R.Johns Branch Library with funding from CDBG, Section 108. Construction of a park in the Charlton Pollard neighborhood,with other funding from CDBG. Expansion of Miller Library with proceeds from the Miller Trust. 31 CITY OF BEAUMONT STREETS AND DRAINAGE IMPROVEMENTS BALANCE SHEET April 30,2002 AVAILABLE RESOURCES CLAIMS ON AVAILABLE RESOURCES Assets Liabilities Cash 3,621,912 Accounts Payable $ — Receivables 495,788 Fund Balance Reserved for Construction 268,373 Reserved for Encumbrances 3,849,327 4,117,700 TOTAL AVAILABLE RESOURCES $ 4,117,700 TOTAL CLAIMS ON RESOURCES $ 4,117,700 STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE For the seven months ended April 30,2002 per General Ledger Actual _ To Date Revenues 425,049 Expenditures 3,732,456 Excess(Deficit)Revenues Over Expenditures (3,307,407) Fund Balance Beginning Fund Balance 7,425,107 Ending Fund Balance $ 4,117,700 FUNDING SUMMARY April 30,2002 Project Balance Funds Available(On Hand/Receivable) $ 4,117,700 Available from TxDOT 3,906,436 Available from TIFF _ Required(Future) 1,626,703 Total $ 9,650,839 32 City of Beaumont STREETS AND DRAINAGE IMPROVEMENTS PROJECT EXPENDITURE REPORT April 30,2002 Current Project Expended Project Budget To Date Balance(1) EXPENDITURES Major Dr(Hwy 105 to Hwy 124) 4,000,000 1,741,482 2,258,518 Concord II(Helena St.to RR) 9,150,000 6,811,126 2,338,874 Concord III(RR to East Lucas) 5,310,000 4,259,987 1,050,013 Neches River Hike&Bike Trail 3,400,000 376,445 3,023,555 Walden Road 6,569,100 6,543,616 25,484 Downtown Improvements 1,500,000 545,605 954,395 TOTAL EXPENDITURES $ 29,929,100 20,278,261 .9,650,839 (1) Total project balance includes actual outstanding purchase orders and future purchase orders necessary for completion of projects. Actual purchase orders as of April 30,2002 were$3,849,327. Project Highlights Relocation of utilities and purchase of rights-0f--way on Major Dr from College to Hwy 124. The citys portion is estimated at$800,000;the state will reimburse other costs up to total project cost of$4M. Engineering, land acquisition and construction costs for the widening of Concord Road from I1-110 to Hwy 105. Construction of a Hike and Bike Trail from Riverfront Park to Collier's Ferry Park. The City's portion is estimated at$900,000;the state will reimburse other costs up to the total grant amount of$2.4M. Engineering and construction costs for the paving and drainage improvements on Walden Road from Hwy 124 to Major Dr. Improvements to downtown streets and sidewalks in conjunction with the Crockett Street Entertainment Complex, with funding from TIFF estimated at$500,000. 33 CITY OF BEAUMONT WATER UTILITIES IMPROVEMENT FUND BALANCE SHEET April 30,2002 AVAILABLE RESOURCES CLAIMS ON AVAILABLE RESOURCES Assets Liabilities Cash $ 4,005,643 Accounts Payable $ 459,700 Receivables – Due to Other Funds -- 4_5_9,_700_ Fund Balance Reserved for Construction (12,502,814) Reserved for Encumbrances 16,048,757 - 3,545,943 TOTAL AVAILABLE RESOURCES $ 4,005,643. TOTAL CLAIMS ON RESOURCES $ 4 005,643. STATEMENT OF REVENUES,EXPENSES AND CHANGES IN FUND BALANCE For the seven months ended April 30,2002 per General Ledger Actual To Date Revenues $ – Expenses 13,796,286 Excess(Deficit)Revenues Over Expenses (13,796,286) Fund Balance Beginning Fund Balance 17,342,229 Ending Fund Balance $---3.W-943. FUNDING SUMMARY April 30,2002 Project Balance _ Balance to Complete Existing Projects $ 41,273,939 Funds Available(On Hand/Receivable) 3,5451943 Funds Required to Complete Existing Projects $ 727,996 34 CITY OF BEAUMONT WATER UTILITIES IMPROVEMENT FUND PROJECT EXPENSE REPORT April 30,2002 Project Expended Project Estimate To Date Balance EXPENSES Construction Projects Water Supply Study Phase II $ 1,831,450 1,239,525 591,925 Prison Sewer Force Main 1,460,500 1,390,692 69,808 Water Line Replacement 3,000,000 990,135 2,009,865 Dowlen Rd Sewer Int Rehab 2,771,600 1,790,779 980,821 11th St Sewer Int Rehab 2,758,500 912,678 1,845,822 Gmd Storage Tank-Pine St 7,828,500 3,762,500 4,066,000 Water Meter Relocation 900,000 193,924 706,076 Entertainment Complex 365,000 292,408 72,592 Sewage Treatment Plant 2,720,000 441,778 2,278,222 Tyrrell Park Rd Sewer Int 1,007,900 812,419 195,481 Langham Facility Improv 700,000 652,006 47,994 Loeb Water Tank Rehab 646,100 265,303 380,797 Lawson Raw Water Line 4,000,000 2,656,852 1,343,148 Lawson Pump Station 3,700,000 1,206,678 2,493,322 Water Plant Expansion 14,000,000 209,931 13,790,069 Digester Conversion 1,400,000 251,250 1,148,750 Lawson Rd/Bank Stabilization 1,395,000 558,976 836,024 E Lucas Sewer Interceptor 2,950,000 69,959 2,880,041 Central Trunk Line 5,500,000 _ 44,732 _5,455,268 Total Construction 58,934,550 17,742,525 _41,192,025 Line Relocations Concord Rd Phase II 780,500 736,172 44,328 Concord Rd Phase III 206,000 168,414 37,586 Total Relocations _ _986,500 _ 904,586 __ 81,914 TOTAL EXPENSES $ 59,921.050 18.647.111_ -41 Z73,939 Water Supply Study Phase q is for the construction of a 5-million gallon clearwell and high service/backwash pump station at the water treatment plant and improvements to the Lawson's canal pipeline and pump station. The Prison Sewer Force Main,constructed in 1990, has reached its maximum carrying capacity. An additional force main is needed to provide service to the prison complex. This initial estimate is for the design phase. The Water Line Replacement project will replace city wide water tines that are in very poor condition. The Dowlen Rd&11th St Sewer Int Rehab projects will restore the structural integrity of the interceptors and capture the lost carrying capacity. These projects will also reduce the bad at the sewage treatment plant by reducing inflow. The Pine St Ground Storage Tank project is for the demolition and rebuilding of the ground storage water tank at the water production plant on Pine St. The Water Meter Relocation project is for Phase I of the relocation of alley meters to street r.o.w.'s. The Entertainment Complex project involves extensions of water mains to support the SETEX Entertainment Complex. The Sewage Treatment Plant improvements are for the replacement of the electrical and control systems. The Tyrrell Park Rd Sewer Int Rehab project will rehabilitate the interceptor and replace manholes. The Langham Facility improvements are for the replacement of the roof on the main bldg,conversion of the parking shed into a machine shop,expansion of the parking lot,and additional storage area for materials and equipment. The Loeb Tank Rehab project provides for repairing and repainting the interior of the steel water storage tank. Line Relocations consist of water and sewer line relocations due to the Concord Rd street widening project Lawson Raw Water Line Phase I consists of installing 12,000 LF of 48"pipe to deliver water from L.awson's pump station to the water treatment plant. The Lawson Pump Station upgrade will increase delivery to 40 million gallons per day to the water treatment plant The Water Plant Expansion project will add 14 mgd additional capacity to the water treatment plant The Digester Conversion project will convert two anaerobic digesters to the aerobic system The Lawson Rd project will repair the road leading to the pump station and stabilize the river bank. $1 m funded by MRCS. The E Lucas sewer interceptor will be rehabilitated. it was constructed in 1953. The Central Trunk 54"diamater line will be rehabilitated. It was constructed in 1954. 35 U . �. . . \/ � ,\ 4 2 ` p OCash & investments O CITY OF BEAUMONT STATEMENT OF CASH POSITION April 30,2002 Current Prior Increase/ Year Year (Decrease) Balance' Balance' FY 2001-2002 BALANCES CLASSIFIED BY FUND General Fund 16,487,469 16,409,185 78,284 Hotel Occupancy Tax Fund 338,455 362,114 (23,659) Municipal Airport Fund 13,429 38,686 (25,257) Texas Motor Carrier Violation Fund 16,755 15,467 1,288 Municipal Court Security Fund 102,177 66,269 35,908 Municipal Court Tech Fund 273,535 162,360 111,175 Miscellaneous Grant Fund 5,240 (18,716) 23,956 ISTEA Grant Fund - - - Police Grant Fund (140,047) (207,033) 66,986 Tax Increment Financing Fund (56,498) 350,926 (407,424) Health Grants Fund (199,495) (149,703) (49,792) C.D.B.G. Program Fund 70,070 (16,726) 86,796 Shelter Plus Care Grant Fund (9,097) (1,845) (7,252) Emergency Shelter Grant Fund - (45,595) 45,595 Home Fund (100,809) (78,835) (21,974) Revolving Loan Fund 154,627 126,455 28,172 Rental Rehab Fund 884 173,472 (172,588) Library Grants 11,848 (16,106) 27,954 HUD Sec 108 Loan Fund 3,471,339 6,745,720 (3,274,381) Confiscated Goods Fund 1,039,049 1,508,970 (469,921) Local Law Enforcement Bg Fund 526,163 622,964 (96,801) Weed&Seed Fund (8,963) (69,765) 60,802 Street Maintenance Fund 1,178,387 1,960,122 (781,735) Fire Training Grounds Fund (46,565) 4,371 (50,936) Transit Fund (751,404) (752,312) 908 Debt Service Fund 3,834,983 3,565,199 269,784 Water Utilities Fund 4,388,530 5,295,111 (906,581) Solid Waste Fund 2,677,335 3,852,153 (1,174,818) General Improvements Fund 184,210 235,292 (51,082) Street and Drainage Improvement Fund 3,621,912 1,927,980 1,693,932 Water Utilities Improvement Fund 4,005,643 21,080,705 (17,075,062) Capital Reserve fund 1,481,703 767,159 714,544 Fleet Maintenance Fund 405,194 362,217 42,977 Employee Benefits Fund 1,717,016 1,815,601 (98,585) General Liability Fund 900,145 1,272,736 (372,591) 'Reflects general ledger(book)balances and may differ from investment report due to uncollected items or items in transit. (continued) 38 CITY OF BEAUMONT STATEMENT OF CASH POSITION April 30,2002 (continued) Current Prior Increase/ Year Year (Decrease) Balance" Balance' FY 1999-2000 BALANCES CLASSIFIED BY FUND Julie Rogers Trust Fund 222,372 213,969 8,403 Tyrrell Historical Trust Fund 22,407 21,560 847 Expendable Trust Fund 176,704 187,289 (10,585) Library Trust Fund 121,250 114,484 6,766 Library Endowment Trust Fund 24,630 24,679 (49) Payroll Fund 526,581 505,449 21,132 Historical Fire Museum Trust Fund 8,735 9,605 (870) TOTAL ALL FUNDS 46,695,899 68,441,633 (21,745,734) BALANCES CLASSIFIED BY FINANCIAL INSTITUTION Petty Cash 13,067 12,717 350 Wells Fargo — — — Hibernia National Bank 574,533 4,411,967 (3,837,434) TOTAL CASH 587,600 4,424,684 (3,837,084) Texpool 4,197,980 21,021,491 (16,823,511) Logic Investment Pool 11,317,799 4,018,547 7,299,252 TexasTERM Investment Pool — 6,000,000 (6,000,000) Fidelity Treasury Money Market Fund 3,471,278 6,878,737 (3,407,459) Agency Securities (book value) 24,121,814 6,101,146 18,020,668 U.S. Treasury Bills (book value) — — — U.S. Treasury Notes (book value) 2,999,428 19,997,028 (16,997,600) TOTAL INVESTMENTS 46,108,299 64,016,949 (17,908,650) TOTAL CASH AND INVESTMENTS 46,695,899 _ 68,441,633 _ (21,745,734 'Reflects general ledger(book)balances and may differ from investment report due to uncollected items or items in transit. (concluded) 39 CITY OF BEAUMONT SCHEDULE OF INVESTMENT POSITION April 30,2002 Face Principal Book Unrealized Amount Invested Value Earnings CONSOLIDATED INVESTMENTS U.S.Treasury Notes 3,000,000 2,998,594 2,999,428 17,608 Agency Securities 24,000,000 24,213,220 24,121,814 198,681 Overnight Investments• Hibernia National Bank 1,151,049 1,151,049 1,151,049 62 Logic Investment Pool 10,888,486 10,888,486 10,888,486 566 TexPool 3,295,203 3,295,203 3,295,203 166 42,334,738 42,546,552 42,455,980 217,083 RESTRICTED INVESTMENTS•' Overnight Investments' Hibernia National Bank 878,559 878,559 878,559 47 Logic Investment Pool 429,313 429,313 429,313 22 TexPool 902,777 902,777 902,777 45 Fidelity Treasury M M Fund 3,471,278 3,471,278 3,471,278 4,235 5,681,927 5,681,927 5,681,927 4,349 48,016,665 48,228,479 48,137,907 221,432 ' Reflects collected balances at month end. Will vary slightly from general ledger balances due to items in transit. Includes Debt Service Fund, and Prior Lien Interest 8 Sinking Fund. 40 CITY OF BEAUMONT SUMMARY OF INVESTMENT POSITION AND INTEREST INCOME April 30,2002 INVESTMENTS BY TYPE Face Amount Percentage U.S.Treasury Notes 3,000,000 6.25% Money Market Funds and Pools 18,987,057 39.54% Agency Securities 24,000,000 49.98% Bank Deposits 2,029,608 4.23% 48,016,665 100.00% Current Year Prior Year Weighted Average Yield of Portfolio 2.786% 5.357% Weighted Average Maturity of Portfolio 247 95 INVESTMENT MATURITY SCHEDULE Face Amo-unt. Percentage Less Than 3 Months 23,016,665 47.93% 3 Months To 6 Months 0 0.00% 6 Months To 9 Months 2,000,000 4.17% 9 Months To 12 Months 6,000,000 12.50% 1 Year to 2 Years 17,000,000 35.40% 48,016,665 100.00% INTEREST INCOME Increase/ - Current Prior (Decrease) Year Year FY 2001-2002 Total Unrealized Earnings 221,432 476,795 (255,363) Realized Interest Income _ _771,898 — 1,819,213 (1,047,315) Total Earnings 993,330 2,296,008 1,302,67� 41 CITY OF BEAUMONT SCHEDULE OF PURCHASES,SALES AND MATURITIES April 30,2002 SCHEDULE OF PURCHASES Purchase Face Principal Date Description Amount Invested 04/01/2002 Logic 04/30/2002 3,500,000 3,500,000 3,500,000 3,500,000 SCHEDULE OF SALES AND MATURITIES Purchase Face Principal Date Description Amount Invested Sale Price 01/25/2001 FHLMC 04116/2002 2,000,000 2,037,756 2,000,000 04/01/2002 Texpool 04/30/2002 3,000,000 3,000,000 3,000,000 04/01/2002 Logic 04/30/2002 1,000,000 1,000,000 1,000,000 6,000,000 6,037,756 6,000,000 Summery Of.S—a e�-And Maturities YearT"aW Current Year Prior Year Average Holding Period Yield 6.006% 5.877% Market Gain/(Loss) _ _ 42 CITY OF BEAUMONT SCHEDULE OF COLLATERAL April 30,2002 Face Market Total Description Amount Value_ Investments' HIBERNIA NATIONAL BANK FHLMC 6.500 03/01/14 CUSIP#31294JV47 3,011,536 3,020,917 FNMA 6.49411/01/28 CUSIP#31382LPL4 621,977 611,582 FNMA 6.500 08/15/04 CUSIP#31359MEX7 1,000,000 1,061,563 FDIC _ 100,000 100,000 4,733,513 4,794,062 2,236,299 ' Reflects ledger balances at month end for the purpose of evaluating pledged collateral. 43 COMPARATIVE FINANCIAL ANALYSIS Total Revenues at 04130 $50 i $40 '- ................................. .. I ; $30 a ........................... ..........................................................._ . ........... ..... ... ............. $20 I , ...................................................................................... ... . $10 $0 General Water Solid Waste Fund Fund Fund au 1999 ❑ 2000 ❑ 2001 0 2002 I Total Expenditures At 04/30 $50 .................... ......................... ... ............................... . . . . . ....... .........� I I . . .......................... . . . ..... . $40 . ........... .... .. ............... .. ............. ...... .......... . ... ... ....................._................... _.. ... .. ......................................................... _o .................. $20 - ............................. ........ ......... ...... .............. ............. .......... .... ...... .. ... ..... .. ...... . .. .... . . ....... $10 ............ I $0 - -- General Water Solid Waste Fund Fund Fund ---uii 1999 D2000 ❑ 2001 E, 2002 I Fund Balance At 04/30 $20 — .... . .......................... . ................................ .. . .... ....... .. ......... . . ........................ . .... ................ $15 .................... . .. . ................ ................... ............................ .... .. ........................... . ................. ......................... ................................. ............................ o $10 ................. ................. ......................................... $5 ............. $0 General Water Solid Waste Fund Fund Fund N 1999 2000 112001 0 2002 Fiscal Year End Fund Balance $10 .... ...... ... ._................. ... .. ........ ...... ... _ .................. ..{ ............ ..................... .......... . .................................. _ $6 o - __...._........._.......... — ......................... $a :fi....... ....... $2 _.__._... i $p General Water Solid Waste Fund Fund Fund J® 1999 Actual ❑ 2000 Actual ❑ 2001 Actual 0 2002 Projected) D Z LL W U OC W Cl) H m W O DEBT SERVICE FUND Fund Balance Current tax rate dedicated to Debt Service c E 25 a 20 ..................................................................................................._..................................... W -- . 19.8% .... 19.6% a) i 15 .....I 18.5°6 ...... 17.1% ..... 18.0% i..... I...... ....y ...... ....... ,.- 5 m 2002 2003 2004 2005 2006 a Fiscal Year The financial policies indicate 20% of debt service requirements as an adequate level of fund balance reserves. The level estimated for fiscal year end 2002 is 18.5%. This is projected to decrease to 17.1% in FY 2003. The amount required to elevate the fund balance to the 20% policy level is approximately $380,000 which is equal to one cent of property tax. The implementation of the administration's Stormwater Utility proposal would create the capacity in the General Fund to shift a portion of the dedicated tax rate from the General Fund to the Debt Service Fund. Assumptions from the Long Range Financial Plan used in this presentation: Issue $9M in Certificates of Obligation late FY 2002 Assessed value (AV) growth of 3% in FY 2003 Issue $8M in Certificates of Obligation late FY 2003 Assessed value growth of 2.5% in FY 2004 through FY 2006 HUD SECTION 108 PROJECTS STATUS OF SECTION 108 PROJECTS In 1998, the City of Beaumont received approval of Section 108 funding in the amount of $11,000,000 from the Department of Housing and Urban Development. The Section 108 Program is a loan guarantee provision of the Community Development Block Grant (CDBG) Program whereby municipalities can borrow up to five times their annual CDBG allocation. The$11,000,000 loan will be repaid by the City and project developers over a 20-year period. Crockett Street- The Beaumont City Council approved a Section 108 loan for the Crockett Street project in the amount of $3,000,000 in August, 1998. The total project cost is estimated at $10,000,000. The project is the redevelopment ofthe"Dixie Street"commercial block in downtown Beaumont. .The developers plan to redevelop the two-story historic storefront buildings into a combination of entertainment, eating, and drinking establishments. Approximately 300 permanent jobs would be created upon completion of the project. Four(4) of the eleven(11) planned venues are currently open. Hotel Beaumont Retirement Home - The Council approved a request from the National Development Council(NDC) for Section 108 funding in the amount of$3.175 million($2.0 million loan and $1.175 million grant) in December, 1998. The NDC has completely renovated the Hotel Beaumont, located at 625 Orleans Street. The total project cost was $7,495,000. The project is 100% complete. Jefferson Theatre- Council approved Section 108 funding in the amount of$2,000,000 (grant) in September, 1998. The Theatre will be restored as close as possible to its original design. In 1996, a concentrated effort was initiated to mobilize over 150 civic leaders and area citizens to undertake a comprehensive planning process and capital campaign with a goal of raising$3,000,000 in addition to the $2,000,000 grant from the City. Construction should commence in June, 2002 after final survey and title work is completed. Theodore R.Johns, Sr.Branch Library-Council approved Section 108 funding in the amount of $1,825,000 for the construction ofa new library,the Theodore R.Johns,Sr. Branch. The new library will replace an outdated facility,the Spindletop Branch,currently serving the south end of Beaumont. The building will be approximately 12,000 square feet on a five-acre site at the intersection of State Highway 124 (Fannett Road) and Sarah Street. The Theodore R. Johns, Sr. Library will open on June 6, 2002. L.L. Melton YMCA - Council approved Section 108 funding in the amount of$1,000,000 (grant) for the renovation of the L.L. Melton YMCA and the construction of new facilities. The Melton has also received an Economic Development Initiative(EDI) from Congress in the amount of$500,000 to assist in the development of the project. The City Council will have a work session in June to discuss a proposal from the National YMCA. CO 3 w z 0 a m Cl) 3: W Z D O O CMD Good News/Bad News FY 2002 Good News • Industrial Payments Exceed Budget FY 2002 • Higher than Expected Fund Balance • Personnel Cost Savings • Building Permits Growth • Increased Employee Safety - Containing Worker's Compensation Costs • Fire Training Center Progress Report Bad News O Industrial Payments FY 2003 O Proposed Expansion of Sales Tax Holiday O Rising Cost of Property Insurance O Appraised Values Lower than Expected O Sales Tax Receipts O Increased Transit Operating Costs GOOD NEWS Industrial Payments Exceed Budget FY 2002 In addition to renegotiated industrial district contracts,several new companies entered into agreements with the City. These new contracts brought in approximately$400,000 in new revenue. Additionally, in consideration for de-annexing a piece of property near their facility,the ExxonMobil agreement was negotiated at a lower percentage for the first years of the agreement and included an additional one time payment of approximately$280,000 in FY 2002. Higher than Expected Fund Balance Although not a significant increase, the FY 2002 beginning fund balance was $241,000 higher than budgeted projections. No one category significantly contributed to this increase, however it did include$65,000 in FEMA reimbursements related to tropical storm Allison. This, combined with the industrial payment windfall received in FY 2002, has the projected year end fund balance equal to 9.1% of expenditures rather than the 8% level originally budgeted. Financial policies dictate 8 - 10% as an adequate level of Fund Balance. Personnel Cost Savings Reflecting the efforts of the past three fiscal years, the administration is continuing its commitment (as attrition allows) to eliminate under-utilized positions from the budget. Since a substantial number of reductions were made in these prior years, a smaller budget impact will be realized in FY 2002. As positions are cut, the tasks assigned to those jobs are distributed among other employees. In those instances where job reclassifications are not warranted, the persons assigned those additional duties are considered for a pay increase commensurate with the amount of work and added responsibility that they assume. In addition to salary savings from eliminating jobs, the cost of benefits is also saved. The person assuming additional duties is already a participant in the City's benefits program, therefore the City is able to save on average 30% of the salary amount for each position eliminated. Fiscal year to date a total of eight positions have been designated as "Will Not Be Filled" in the General Fund for a total savings amount of $303,000. Eliminating these under- utilized positions minimized the budgetary impact resulting from the two additional positions required to staff the new Johns Branch Library.The net effect of these personnel modifications was a savings of$233,300. In the Hotel Occupancy Tax Fund for FY 2002 one position was eliminated and one added for a net cost of$10,800. Since July 1999 the administration has eliminated 42 under-utilized positions with a value of $1,981,500. These eliminations generated the capacity to add 44 positions which included 10 paramedics (seven of which staffed a fifth ambulance unit)and a construction management team of 10 to oversee the $55M water system rehabilitation program currently underway. The net savings across all funds related to these personnel adjustments is $529,300 with $512,600 being in the General Fund. Building Permits Growth In October 1999, the building, electrical, plumbing, gas and mechanical permit fees were increased to reflect the fee schedule in Appendix"B"of the 1997 Standard Building Code. The new permit fee schedule became effective on December 1, 1999. The Fiscal Year 2001 anticipated revenue from permit fees was $671,000. Actual revenue from building related permit fees in Fiscal Year 2001 was $925,170. The total anticipated revenue in Fiscal Year 2002 from building related permit fees were estimated at $807,000. With fifty-eight (58) percent of the fiscal year complete, approximately$669,650 in revenue has been generated from building related permit fees. It is anticipated that the total amount of revenue generated from building related permit fees for Fiscal Year 2002 will total $1,144,000. This represents a forty-four (44) percent increase in anticipated revenue. A breakdown by permit type reflecting the budgeted revenue amount,the revenue to date and the year end revenue estimate is provided below for Fiscal Year 2001 and Fiscal Year 2002. Fiscal Year 2002 Bui ding Related Permit Revenue Estimated Year Permit Type Revenue Estimate Revenue to Date End Revenue Building $300,000 $310,000 $530,000 Electrical 50,000 26,800 45,000 Plumbing 20,000 22,800 39,000 Gas 7,000 4,050 7,000 Mechanical 30,000 25,000 43,000 Other* 1 400,000 281,000 480,000 Totals $807,000 $669,650 $1,144,000 Fiscal Year 2001 Building Related Permit Revenue Permit Type Revenue Estimate Year End Revenue Building $250,000 $469,651 Electrical 55,000 37,797 Plumbing 30,000 28,445 Gas 6,000 7,548 Mechanical 30,000 28,249 Other* 300,000 1 353,480 Totals $671,000 $925,170 *Misc. Permits for Signs, Oil Wells, Fire Alarms, Sprinklers, Swimming Pools and Driveways Increased Employee Safety - Containing Worker's Compensation Costs Based on Best Practices as reported in Workers Compensation and Human Resources publications, an aggressive program which monitors the safety of the work environment, trains and rewards employees; as well as actively seeks out the best care for injured workers, serves as the most effective cost-containment program in which an organization can invest. In the past,the City's Safety Pays program rewarded departments whose employees have achieved an inordinate number of work weeks without an accident and/or individuals who demonstrate success from a new personal health regime. Beginning in January, 2002, a new program was initiated to reward individual and team efforts to improve health and safety. This program, called the "Goodwill Games", has events that are scheduled throughout the year. These activities include: health screens and meetings, golf, bowling, basketball, billiards, board games(checkers, dominos, backgammon), volleyball, softball, tennis, turkey shoot/archery tournament, aerobics marathon, table tennis, weight lifting, bingo, and a fishing tournament. As a self-insured municipality, the City is entitled to submit a notice of subrogation for any settlement made with an injured City of Beaumont employee from a third party that is responsible for the injuries. As in the past, during fiscal year 2002,the City is aggressively seeking out opportunities to recoup a portion of its Worker's Compensation costs through subrogation. A combination of subrogation efforts and refunds resulted in payments back to the Workers' Compensation account in the amount of$146,295. Fire Training Center Progress Report FY 2002 is the second year of the Training Center's five year strategic action plan. The goals for the facility included: ♦ addressing safety concerns at the BASF, Industrial Complex and Pressure Manifold projects; ♦ avoiding potential environmental problems due to leaks at the Storage Tank project; ♦ classroom renovations at the Rescue and Sprinkler Systems projects; ♦ upgrading the flow capacity from the north sump to the separator system; ♦ refurbishing instructor sheds and piping on the south side of the fire field. The secondary stairway at the BASF project was determined to be too steep posing a tripping hazard. The stairway was rebuilt to conform to OSHA standards. A center railing was installed on the Industrial Complex project to insure the safety of students entering the project's stairways.A solution to the slipping hazards created by algae formation at the Industrial Complex and Pressure Manifold projects has not been determined to date. Leaks in the bottom of the Storage Tank project placed it out of service for environmental reasons. Williams Fire and Hazard Control, Inc. adopted the Storage Tank project and funded the$8,250 refurbishment of the tank bottom to correct the problem.The project was placed back in service in March, 2002. The old "Dome Room" was converted into a second classroom at the Rescue Project. Improvements included correcting a water seepage problem into the room during periods of heavy rain by installing a french drain, rebuilding the pea gravel rappelling pad, and adding fresh paint, window coverings and audiovisual equipment. Other classroom renovations include demolition of the systems cubicles in the Sprinkler building to convert the space to an additional classroom.The demolition was completed in February, and with available funding, renovations will begin this summer. The addition of the BASF project last year has increased the water flow to the north sump. To handle the additional flow, larger 6" sump pumps are being installed. The system will be hard piped from the sump to the separator and will require upgraded electrical systems to accommodate the larger pumps. A vault across the back road is being constructed and installation of the pipe supports have been completed. The project is scheduled for completion in June, 2002. The instructor sheds and piping have been refurbished on the South side of the fire field. Piping is being sandblasted and painted, and the Instructor Sheds have new metal roofs and chalk boards. Piping is now color coded to indicate the type of fuel or water running through the lines. Marking of the valving will occur this summer. BAD NEWS Industrial Payments FY 2003 Due to the one time payment received from ExxonMobil in FY 2002, industrial payments are projected to decline by 2.62% or $322,000 in FY 2003. This assumption includes an approximate increase in assessed value of 2% applied to all industries. Industries in Beaumont, along with others across the United States, have felt the impact of a declining economy that was exacerbated by the events of September 11, 2001. Administration remains optimistic that these companies will hold steadfast during these trying times and assessed values will not be adversely impacted. Proposed Expansion of Sales Tax Holiday The State of Texas is once again considering increasing the types of items exempt from taxation and the number of days of the sales tax holiday. Although specific information is not available relative to the amount of revenue lost during the holiday, an expansion of the holiday is expected to have a negative impact on an already struggling revenue source. Rising Cost of Property Insurance A 150% increase in the premium for property insurance was not expected last budget year but due to unexpected events during the past year, the City, like all other policyholders, must bear the burden of increased premiums. Nationwide increases in cost for insurance began in early 2001 because of a declining stock market. In June 2001, Tropical Storm Allison caused extensive damage in the Gulf Coast region and millions of dollars in insurance claims. The insurance market incurred billion dollar losses after the destruction of the World Trade Center.All of these factors are negatively affecting insurance rates for both the public and private sector. Property insurance for City facilities includes fire,flood and windstorm protection.The total building value is approximately $103,069,932. Deductibles were increased last year to reduce cost and are currently $100,000 for fire and flood and $250,000 for windstorm. The new policy, provided by the Texas Municipal League Intergovernmental Risk Pool, is for a one year period that began May 1, 2002. The total cost is $359,009, an increase of $217,460 from the previous year's policy. Appraised Values Lower than Expected Preliminary 2002 appraised values were received from the Chief Appraiser May 15, 2002. Net appraised value after applying exemptions and abatements is $3,984,789,183. This is an increase of 1.95% over the 2001 certified tax roll. It is important to recognize that this is only a preliminary estimate. The appraisal records will be reviewed by the appraisal review board and they will hear and determine all tax payer protests on these values. Once the appraisal review board process is complete, the final roll will be certified by July 25, 2002.A five year average shows the July 25'certified roll, after disputes are resolved, is approximately 1% less that the preliminary value. If this holds true for this tax year, the increase would be reduced to about 1%. The Long Range Financial Plan projected an increase of 3% in appraised values. The impact of the actual preliminary values to the General and Debt Service Funds will be a reduction in projected revenue, including the allowance for disputed values, of approximately $250,000 in each fund. Approximately $0.0131 of property tax would be required to generate this additional $500,000 required in both funds. An FY 2003 penny equals $380,000. Sales Tax Receipts As of May 2002 sales tax revenue received year to date is $15.8 which is $228,000 or 1.4% below budgeted levels. April and May collections were less than 1% higher than the same periods last year and February and March were 1.4% and 8.5% below. Administration is cautiously optimistic that future collections will be representative of the economic growth being experienced throughout the City. Increased Transit Operating Costs Operating costs for the Beaumont Municipal Transit system have increased due to fuel costs, age of the fleet and employee wages. The FY 2002 budget provided, through a transfer from the General Fund, an operating subsidy of $767,500 as well as $250,000 for capital match. At the time the FY 2002 budget was prepared, the state subsidy was estimated at $420,000, however the final contract amount was $525,000. The budget reconciliation plan implemented in FY 2002 included reduced operating hours in the form of longer mid-day head times and a fare increase of $0.25. The proposal to recover costs through charges to social service agencies amounting to approximately $100,000, has not been realized. Revised projections indicate potential under-funding of approximately $100,000. This deficit, if realized, would be recovered through an increased transfer from the General Fund. ALTERNATIVE COURSES OF ACTION 2002 BUDGET SUMMIT FINANCIAL AND BUDGETARY CHALLENGES In order to meet the increasing challenges of reduced or limited funding and increased citizen expectations for service, the City is exploring ideas to reduce cost, generate revenue and increase service quality. It is important to match the taxes and fees that the public is willing to pay with the cost of services that the public demands. The Administration's efforts to Rightsize,as opposed to downsize,a service cost means having the right number of people with the right kind of skills and training, the right amount of supplies and just the right amount of physical plant and equipment to provide the service properly. "If you downsize,you're cutting costs but you're not fixing fundamental problems." - W. Edwards Deming Before any organization attempts to Rightsize its efforts, it should ask the following questions: • Does the activity fit the organization's strategic plan? • Does the activity produce more value for the customer than it consumes in resources? • If not, why is the organization doing this? Crucial to all downsizing or rightsizing efforts is deciding on what the organization does well. Rational resource allocation simply means putting scarce resources to good use. Government activity should produce more value than it consumes. "Unless we change our direction, we are likely to end up where we are headed." -Old Chinese Proverb To meet the financial challenges of FY2003, the City must consider changing the fundamental way government operates. This process of change involves new directions - • Empowerment of Neighborhoods in Decisions Allocating Resources • Ensure Competition In Service Delivery • Government Focus on Mission/Values • Results-Oriented Government — Funding Outcomes, Not Inputs • Meeting the Needs of the Customer, Not the Government • Creating Revenue Rather Than Spending Opportunities • Anticipate — Focus on Prevention Rather Than Correction • Increased Employee Participation and Teamwork The City needs to move beyond the basic improvement of an existing process. What must occur is a fundamental change to an existing process or eliminating it totally. Therefore, Council and Administration must provide the necessary leadership if significant changes are to be made to provide the most efficient and cost effective services to our customers. A process to analyze service effectiveness provides Council with various policy options: • Provide services differently or at a different service level • Raise revenue (fees and/or taxes) • Ask for understanding for a declining City and reduced service levels An Administrative analysis of services and programs provides significant cost savings for the long-term financial stability of the City by: • Determining services to be eliminated • Identifying subsidies to be reduced or discontinued • Determining appropriate service levels focusing the organization on mission, encouraging an entrepreneurial spirit throughout the organization COMPETITIVE GOVERNMENT INJECTING COMPETITION INTO SERVICE DELIVERY • Most obvious advantage of competition is greater efficiency or more bang for the buck. • Competition forces public or private monopolies to respond to the needs of their customers. • Competition rewards innovation; monopoly stifles it. • Competition boosts the pride and morale of public employees. • Competition must be carefully structured and managed, if it is to work...unregulated markets generate inequity. PRIVATIZATION TECHNIQUES Service Shedding. A form of total privatization in which government stops providing a service entirely. Contacting Out. The City contracts with a private organization, for profit or nonprofit, to provide a service. Public-Private Competition. Public in-house units compete against private firms to provide a public service. Franchise. A private firm is given the exclusive right to provide a service within a certain geographical area for a limited time. Vouchers. Government provides individuals with certificates redeemable for purchase of a good/service on the open market. Subsidy. The producer of the service is subsidized by the government contributing financially or in-kind to a private organization to reduce the cost of private provision of service to consumers. Internal Markets. Government departments are free to purchase services from either the private sector or internal support units. Asset Sale or Lease. Government sells assets such as airports, utilities or real estate to private firms, thus turning physical capital into financial capital. Volunteers. Volunteers are used to provide all or part of a government service. Self-Help. Community groups and neighborhood organizations take over a service or government asset such as a local park. Private Infrastructure Development. The private sector builds, finances and/or operates infrastructure such as roads and airports, recovering costs through user charges. Deregulation. Government regulations are eliminated to allow private providers to compete against a government provider; for example, allowing firms to compete with the U.S. Postal Service. The following are critical activities to support a process of financial renewal and revitalization: • Create a mission and shared vision of the community and organization. • Embrace the primary values of the organization. • Mayor/Council sets strategic goals and objectives. • Mayor/Council sets priorities and eliminates programs that do not support the mission of the City. • An effort is made to reduce organizational layers as part of streamlining the administration. • All non-essential work that does not provide value to the customer is eliminated through improving work processes. • Implement a quality improvement/customer service perspective. • Emphasize performance measures for all services areas. • Explore alternative service delivery approaches. • Create meaningful opportunities for citizen involvement. • Communicate the results of the process to the organization employees and community. • Celebrate the success achieved! ORGANIZATION GUIDELINES • Is it the right thing for the community and organization? • Is it the right thing for the department? • Is it ethical and legal? • Is it something you are willing to be accountable for? • Is it consistent with the organization values and policies? When the answers to all ofthe above questions are yes,the guidelines state"just do it"without asking for permission or forming a committee to decide. This is direction that encourages employees to think; and when employees think, they can respond with flexible, innovative solutions and services for their customers. The funding strategies to be utilized focus on the following areas: • Preserve and enhance the capital improvements program and planning process. • Commit to not substituting City funding for reductions in state or federal funding programs. • Reduce personnel positions by attrition when feasible. • Identify best practices through benchmarking- search for best practices that lead to performance;and become the standard against which the local government compares itself. • Survey citizens to understand demands and expectations for service. • Emphasize user fees as opposed to increase in taxes. • Maintain a reasonable fund balance. • Develop productivity initiatives and gain-sharing with departments that are successful in reducing costs while maintaining or increasing service quality. • Initiate a trust fund to encourage and facilitate private sector donation. • Institute an aggressive program to procure federal/state grants to address identified priorities to the City. "The only person who likes change is a wet baby." -Roy Z.M.Bliurr There are other important aspects to an improvement process that Mayor and Council need to consider prior to a major commitment. • To be successful,long-term financial forecasting and planning is essential. However, unexpected and unpredictable events can and will occur to impact any forecast no matter how well prepared. • The Mayor, City Council and Administration need to commit to the process and its potential outcome. • A major improvement process can't be accomplished in one or two years.It is a long- term commitment and a basic rethinking of the fundamental mission on how government provides service. • It is important to solicit community understanding and involvement as the process proceeds into reducing or eliminating programs and reviewing fees for services. • A commitment must be made to enhance volunteer programs and public/private partnerships in order to maintain existing levels of priority services. • A renewed commitment is necessary to education and training to lead and change the organization. • Sufficient time must be spent on communicating openly through focus groups, staff meetings,public forums,citizen newsletters and other strategic sources ofinformation that can be identified. "There is nothing more difficult to take in hand, more perilous to conduct... than to take the lead in the introduction of a new order of things." -Niccolo Machiavelli,"The Prince" IDEAS THAT SAVE COSTS AND INCREASE REVENUE/SERVICE QUALITY Mayor/Council and Administration are agents of change. Change requires a driving force and the most powerful change agent is financial stress. The City of Beaumont must make major changes in the operation of government if financial stability and quality services are to be continued. The implementation of a portfolio management tracking system to monitor taxes, water, sewer and other City assessments will result in increased revenues received in a more timely manner. The City should aggressively sell assets - land, buildings, equipment to the extent possible in order to turn underutilized physical capital into financial capital and produce tax benefits. Privatization of public services should be considered through a competitive process with City employees when contracting provides a clear advantage on cost savings and service quality. While the private sector can be an effective agent for delivering public services, the responsibility for providing services - determining the scope, level and conditions under which they are delivered remains with City officials committed to the public interest. Management improvement efforts many times focus on how to do unimportant things cheaper. Instead, as City leaders we should ask- "should we be doing this at all?" City government should limit activities to core functions and missions. Does the City activity/service provide more value for the customer than it consumes in resources? Is the service essential? Is the private sector already providing the service or if not, is it capable of doing so better than government? Does the program displace voluntary community or neighborhood networks? This approach must be applied to all service areas with the intent to eliminate activities that don't meet the criteria. The City Council and City Manager meet quarterly with the Beaumont Independent School District to discuss common issues and priorities. The Council and Manager also meet quarterly with the Chamber of Commerce and all Beaumont governmental entities for the same reason. Programs, services and taxpayer facilities should be identified for better coordination and use. For example, the City and BISD could expand use of joint facilities for recreational programs. Institute energy management program through public/private partnership to retrofit City facilities with capital costs paid from energy savings over time. Develop Government business opportunities to market products or services to other public agencies, e.g. the "webber" back-flow device for toilets. Solicit private sponsorship of public facilities such as the Civic Center. Proposals would be solicited from the business community for naming rights for an annual fee for a 20 year term. Use of Fund Balance to address revenue shortfalls or unexpected expenses. This is a short term solution that has negative consequences long term if the fund balance is depleted. Establish an employee incentive program to enhance morale,productivity and cost savings. The program will provide monetary incentives to employees exceeding departmental goals and budget targets. The program is based on the following: Incentive is based on performance measures through budgetary savings Incentive is not related to performance evaluation system It is department and program based not individual based Each department has a mission statement and performance measures; incentive comes if the department meets performance measures;partial accomplishments are recognized as well Capital outlays/improvements, insurance and professional fees are not included 50% of savings is returned to general fund, 50% is shared equally among employees generating the savings. Reduction in number of Fleet vehicles. Outsourcing City Internal Services. Elimination/Transfer of Service Responsibility. Adjust Service Levels. Discontinue or Reduce Subsidy of Programs/Services. Subsidize Transfer of Service. Encourage Volunteer/Non-Profit Participation in Service Delivery. Private Infrastructure Development. Establish Trust Opportunities for Private Donations. Improve Effectiveness of Collection Process of City Fees. ENGAGING CITIZENS IN THE BUDGET PROCESS Why should a city market their budget? • The annual budget process is an opportunity to dialogue with citizens regarding community goals and priorities and to create public support. How can the City involve the community in the budget process? • Neighborhood meetings • Citizen survey (PAFR distribution) • Website • Newsletter (water bill distribution) • Channel 4 (local government access) Relying on the public hearing process is in most cases "too little, too late" to involve a significant number of participants. It is desirable to inform and educate the public so that they might understand the "budget process" but this is often "one-way," not two-way communication. Focus of Public Discourse Informing Citizens Engaging Citizens One-Way Two-Way Telling/Selling Listening/Responding/Listening Education Learning Presenting Information Eliciting values,hopes, aspirations, concerns Discerning"Public Opinion" Promoting"Public Judgement" Citizen Participation FY 2003 Budget Jun 10 Budget Summit Aug 8 * Financial Improvement Team Aug 13 Submission to Council of Proposed Budget Aug 14 * Ward III - Martin Luther King Middle School Aug 19 '` Ward I - MCFeddill Ward HODS@ Aug 21 * Ward IV - Theodore Johns library Aug 26 * Ward II - Forest Park Methodist Church Sep 10 * Public Hearing - City Hall Sep 17 * Adoption of Budget, CIP, Tax Rate * Dates are tentative LONG -RANGE FINANCIAL PLAN j I i I I ' � City Of MinDont Texw I it'll..�___a_ ,.:rW.�s, M #A n fin wul- mm Plai ff 2 I 4 ' II affl I I �� M IL City of Beaumont April 1, 2002 To the Honorable Mayor and Councilmembers INTRODUCTION The Long-Range Financial Forecast, the Capital Improvement Program and the Annual Budget, combine to form the basis of the annual budget process for the City of Beaumont. The first report, the Long-Range Financial Forecast, is presented to Mayor and Council prior to April 1 each fiscal year. The forecast is prepared to assess the City's current financial condition and project that position ten years into the future utilizing current policies, trends and assumptions, while maintaining the existing levels of City services. The Capital Improvement Program and Annual Budget provide increasing levels of detail and analysis. The impact of the Long Range Financial Forecast will be reviewed during the 2002 Budget Summit mid May in preparation of the fiscal year 2003 Annual Budget. The City's fiscal year encompasses the period from October 1 to September 30. GENERAL GOVERNMENTAL FUNDS General governmental funds include the General Fund and Debt Service Fund. The General Fund accounts for the fundamental operating costs of most city departments. The Debt Service Fund is used to record the resources received to retire the outstanding debt obligations which are secured by taxes levied by the City. Finance Department • (409) 880-3789 • Fax (409) 880-3132 P.O. Box 3827 • Beaumont, Texas 77704.3827 General Fund Revenues The majority of revenues recorded in the General Fund are derived from Sales Tax, Property Tax, Industrial Payments and Gross Receipts Tax. The following illustrates the proportion of each source for FY 2002. General Fund Revenues by source 37.7% Sales and use tax 17.2% Property taxes 11.6% Other 17.3% Industrial payments 7.2% Utility in lieu 8.9%Gross receipts tax $70,953,500 The forecast of revenues is based on several assumptions. Sales and use tax is projected to increase slightly in FY 2002 to $26.8M which is the original budget amount. Administration has been reporting to Council monthly regarding this revenue source in light of the events of September 11. At this time it is expected that these revenues will be realized. The remaining years of the long range forecast project annual increases of two to three and one-half percent providing increasing additional revenue of between $500,000 - $1.1 M annually. Property taxes represent $12.2M of total General Fund resources, at a tax rate of $0.31 per $100 of assessed value. Estimates for this revenue source assume the potential for growth in assessed value at a range of 2.5% - 3%. Positive economic conditions related to the construction of several new retail centers, the Entertainment Complex and downtown improvements support increasing assessed values in future years. With no change in the tax rate proposed, revenues are estimated at $12.6M in FY 2003. This is an increase of 3% from FY 2002 estimates. The forecasted increase in assessed value will drive the increased property tax revenues for FY 2003. In fiscal years 2004, 2006, 2008 and 2011 the anticipated reduction in existing debt service requirements would allow for a reverse shift in the dedication of the tax rate from the Debt Service Fund to the General Fund. However, the issuance of$9M in certificates of obligation is proposed in the fall of 2002 to fund current and critical need projects. If authorized, a reverse shift from debt service would not be feasible until 2 fiscal year 2006 at which time one cent would equal approximately $425,000. Based on the assumptions of this plan, an estimated $0.045 would be available at that time. Industrial payments account for approximately $12.3M. The reduction of 2.5% for FY 2003 is a result of a one-time payment received from ExxonMobil in FY 2002. Current contracts were negotiated in FY 2002 and have a seven year term. The most significant contract is with ExxonMobil followed by duPont and Goodyear. These industries combine to provide 75% of the existing industrial payment revenues. The average growth rate for projections beyond FY 2003 is 2%, which like the property tax, is predicated on positive economic conditions and growth in assessed values. Gross receipts taxes (franchise fees), collected from utility companies operating within the City, are estimated at $6.4M for FY 2002, a decrease of 10.8%. This decrease is attributable to the return from extraordinary natural gas prices and higher usage during FY 2001. Based on current known conditions and trends, these revenues are projected to increase 2% annually for the foreseeable future. Entergy is the lead contributor of gross receipts tax and is the most sensitive to fluctuation. Utility rate reductions and lower usage directly impact the receipt of these taxes by effectively reducing the "gross receipts" on which the tax is based. Overall, an average 2.2% growth rate is projected for in General Fund revenues for the 10 years in this forecast. Total General Fund Revenues 100 80 ......................................_.............._................................................................... ... ... ... ....... 60 ... ... ... ... ... ....... c _o 40 ... ... ... ... ... ... ....... 20 ... ... _. ....... 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Fiscal year ®Sales and use tax w Property taxes ❑Industrial payments O Gross receipts tax ®Utility in lieu ❑Other 3 General Fund Expenditures The basic costs of operating the City are charged to the General Fund. These disbursements provide for Police; Fire; Public Works; Health, Culture and Recreation; Central Services; and General Government. Current assumptions maintain existing services at FY 2002 staffing levels, contractual salary increases for civil service personnel (estimated for fire civil service as contract is in negotiation) and an annual salary adjustment of 3% for civilians. For this report, funding limitations predicated the exclusion of future salary adjustments associated with the Classification Compensation plan which began in FY 2001. Transfers, reflecting those charges related to dependent healthcare, workers compensation, the cost of liability claims and lawsuits, facility renovation and the transit subsidy, are anticipated to increase $177,000 for FY 2002. This change reflects an increase of$229,000 for dependent healthcare and 180,000 for the transit subsidy. These increases were offset by decreases in the transfer to Capital Reserve of $200,000 and General Liability, $100,000. Future increases in this category are most significantly related to dependent healthcare which is projected to impact the General Fund by over $500,000 annually. Total expenditures are expected to grow an average of 2.5% annually throughout the projection period. General Fund Expenditures by category FY 2001 FY 2002 FY 2003 Actual Estimated Projected Wages $41,284,435 42,523,400 43,586,000 Benefits 8,520,202 9,094,400 9,252,900 Other Operating 14,028,657 13,483,700 13.536,000 Total Operating 63,833,294 65,101,500 66.374,900 Dependent Healthcare 4,080,259 4,309,500 4,903,500 Workers Compensation 822,000 895,000 901,000 Capital Reserve 500,000 300,000 300,000 General Liability 300,000 200,000 250,000 Transit Subsidy 845,000 _1,020.000 _1,200,000 Total Transfers 6.547.259 6,724,500 7.554,500 Total General Fund $70,380,553 71,826,000 73.929,400 4 Fund Balance For the fiscal year ending September 30, 2002, the City will maintain a fund balance in the General Fund of 9% of expenditures. It is projected, based on current assumptions, that by FY 2003, the level will fall seriously below the goal of 8-10% and end the year with a fund balance equal to 5.9% of expenditures. Using projected levels of revenues and expenditures, it is anticipated that the FY 2005 fund balance will fall into a deficit position. Storm Water Utility The creation of a Storm Water Utility to capture the rising costs associated with the Environmental Protection Agency (EPA) storm water runoff requirements continues to be considered a viable and prudent solution to this unfunded mandate. If implemented, approximately $2.6M in General Fund costs related to storm water would be recovered by a fee charged by the Storm Water Utility. This revenue source could effectively provide relief to General Fund resources which could then be directed to other uses. It would also serve to sustain General Fund fund balance at a level that is sufficient to meet policy guidelines. Debt Service Fund Expenditures The major source of revenue recorded in the Debt Service Fund is property taxes. Currently, a rate of$0.325 is applied to each $100 in assessed valuation. As noted in the General Fund discussion, the rate of growth for assessed valuation is estimated to range from 2.5% to 3% during the term of this forecast. In order to fund the ongoing Capital Improvement Program (CIP), debt issues of$9M in August 2002 and $8M August 2003 are proposed. The first issue would provide the resources to complete projects classified as current in the FY 2002 CIP and fund critical need projects. The next issue would allow for the continuance of the capital program. A dynamic document, the projects in the CIP are reviewed, prioritized and approved annually by Mayor and Council. Debt Service Requirements Existing and Potential 20 ............................................................................................................................................................................................. ...... 15 ' CO C O .. ........ .... ................... 01: 5 ?. 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Fiscal Year ED Existing Debt Service Requirements p Potential$9M-August 2002 ® Potential$8M-August 2003 5 The effect of debt service related to the proposed August 2002 $9M issue will be realized beginning FY 2003 with interest only payments projected for year one and two. The anticipated FY 2003 $8M issue is also projected with interest only payments in the first two years, beginning in FY 2004. The debt service policy calls for 20% of principal and interest requirements as an adequate level of fund balance. FY 2001 and 2002 are slightly below policy at 18% and 18.5% respectively. With no increase in the tax rate projected, fund balance will fall to 17.1% at fiscal year end 2003 specifically related to the anticipated 2002 $9M issue. Additional revenue of$200,000 in FY 2003 would be adequate to maintain the fund balance at the FY 2002 level of 18.5%. Equating to an increase in the tax rate of $0.005, this could be achieved by either increasing the total tax rate or shifting this amount from the dedicated General Fund rate. A $0.0005 increase will adequately provide for debt services payments related both issues addressed in this report. Based on these assumptions, the capacity exists to issue new debt or shift a portion of the tax rate dedicated to Debt Service to the General Fund in fiscal years 2006, 2008 and 2011. INTERNAL SERVICE FUNDS Internal Service Funds account for common charges to all departments. Risk management for claims and lawsuits are recorded in the General Liability Fund. The Employee Benefits Fund includes all health benefits, worker's compensation and unemployment charges. Equipment and vehicle purchase, as well as building renovations, are charged through the Capital Reserve Fund. These charges are recorded proportionately in individual departments, per employee or by equipment. The funding sources for these funds are through charges and/or transfers from other funds. Employee Benefits Fund Funded through charges and transfers from other funds, the Employee Benefits Fund has no independent revenue source other than employee contributions, which provide approximately 12% of the revenues in this fund. For FY 2002, the City raised it's contribution toward health benefits from $6,100 per employee to $6,650, which is driven by the rising cost of the employee health plan and prescription program. The employee rate for dependent coverage was increased $12 per month, effective January 2002, to further offset rising costs. Current contribution levels will result in a fund balance for FY 2002 of$1.6M. An increase in the City's contribution of $550/employee is included in this forecast for FY 2003. The approximate amount of claims that have been incurred but not reported in the indemnity plan, coupled with the reserve requirements necessary to fund incurred workers compensation claims, dictate a level of fund balance of approximately $1.3M. Based on these assumptions, the projected level of contributions will be sufficient to provide adequate coverage. 6 Capital Reserve Fund Originally created to provide for the replacement of equipment and vehicles, the Capital Reserve Fund also exists to provide for the renovation of public facilities that are not major capital improvements. It is anticipated that expenditure levels will be reduced and available fund balance will be utilized during the first several years of the projection period. The ending fund balance in FY 2003 is projected at $530,000. This will drop to a projected low of$440,000 in FY 2004. General Liability Fund Initiated in FY 1987, the General Liability Fund is the central repository for the payment of claims, lawsuits and the professional services related to the defense of claims made against the City. With an estimated liability for claims and lawsuits slightly under $1 M, it is projected that adequate resources will be available through this projection period. The sole funding source for the General Liability Fund is transfers from other funds. SUMMARY In summary, administration's assumptions include average general revenue increases of 2.2%. Projections for General Fund operating expenditures show an increase 2.5% annually for personnel, with other operating costs remaining relatively flat. This increase is expected to maintain the same level of service. Based on these revenue and expenditure assumptions, fund balance is expected to drop seriously below policy levels in FY 2003, with a deficit fund balance anticipated by fiscal year end 2005. The Debt Service Fund will require an additional $200,000, approximately one half cent, in FY 2003 to cover existing requirements. This could be achieved by either increasing the total tax rate or shifting this amount from the dedicated General Fund rate. Notwithstanding the issuance of new debt, beginning in fiscal year 2004, the capacity exists to reverse shift a portion of the Debt Service dedication to the General Fund. If authorization is granted for the $9M issue, the reverse shift would be deferred to FY 2006. Internal Service Funds, including Employee Benefits, Capital Reserve and General Liability, are dependent on service charges and transfers from other funds to service the claims and purchases recorded therein. Sustaining sufficient fund balances will require an increased contribution in the Employee Benefits Fund. Tables are attached for each of the funds discussed. The information provided is organized so that a brief historical perspective may be gained as well as a forecast studied, which is based on current known conditions and historical trend analysis. Reports to Council will be made as needed should future developments occur that significantly impact the City's financial condition. Respectfully submitted, Stephen J. Bonczek City Manager 7 CITY OF BEAUMONT LONG RANGE FINANCIAL FORECAST General Fund (In thousands) Actual Estimated Projected Projected Projected Projected Projected Projected Projected Projected Projected FY 2001 FY 2002 FY 2003 FY 2004 FY 2005 FY 2006 FY 2007 FY 2008 FY_2009 FY 2010 FY 2011 REVENUES Sales and Use Tax $ 26,180 26,752 27,287 27,833 28,668 29,528 30,414 31,478 32,580 33,720 34,900 Property Taxes 12,521 12,213 12,579 12,893 13,215 13,545 13,884 14,231 14,587 14,952 15,326 Industrial Payments 11,267 12,306 11,985 12,215 12,215 12,445 12,680 12,920 13,165 13,420 13,670 Gross Receipts Tax 7,115 6,350 6,477 6,607 6,739 6,874 7,011 7,151 7,294 7,440 7,589 Utility Fund In Lieu 4,250 5,100 5,100 5,200 5,200 5,300 5,300 5,400 5,400 5,400 5,400 Other - 7,437 8,233 8,315 8,398 _ 8,482 8,567 8,653 8,740 8,827 8,915 9,004 TOTAL REVENUES 68,770 70,954 71,743 73,146 74,519 76,259 77,942 79,920 81,853 83,847 85,889 EXPENDITURE CATEGORY Wages 41,285 42,523 43,586 44,676 45,793 46,938 48,111 49,314 50,547 51,811 53,106 Benefits 8,520 9,095 9,253 9,416 9,583 9,754 9,929 10,109 10,293 10,482 10,675 00 Other operating 14,029 13,484 13,536 13,657 13,779 13,922 14,046 14,172 14,299 14,447 14,576 Total Operating 63,834 65,102 66,375 67,749 69,155 70,614 72,086 73,595 75,139 76,740 78,357 Dependent Healthcare 4,080 4,309 4,903 5,437 5,966 6,387 6,834 7,296 7,790 8,316 8,860 Workers Compensation 822 895 901 907 912 918 924 905 911 918 924 Capital Reserve 500 300 300 300 300 500 500 500 500 500 500 General Liability 300 200 250 250 250 250 250 250 250 250 250 Transit Subsidy 845 1,020 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 Total Transfers Out 6,547 6,724 7,554 8,094 8,628 9,255 9,708 10,151 10,651 11,184 11,734 TOTAL EXPENDITURES 70,381 71,826 73,929 75,843 77,783 79,869 81,794 83,746 85,790 87,924 90,091 EXCESS(DEFICIT) REVENUES OVER EXPENDITURES (1,611) (872) (2,186) (2,697) (3,264) (3,610) (3,852) (3,826) (3,937) (4,077) (4,202) FUND BALANCE Beginning Fund Balance 9,015 7,404 6,532 _ 4,346 1,649 (1,615) __L,225) (9,077) X12,903) (16,840) (20,917) Ending Fund Balance $_ 7,404 6,53.2 _-4,346 1,649. (1,61.5) (5,225) (%077) (12,903) (16,840) -A20.917) (25,119) CITY OF BEAUMONT LONG RANGE FINANCIAL FORECAST Debt Service Fund (In thousands) Actual Estimated Projected Projected Projected Projected Projected Projected Projected Projected Projected FY 200_1_ FY 2002 _FY_2.003 FY 2004 FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 REVENUES Property Tax Revenue $ 11,507 12,675 12,991 13,308 13,644 12,085 12,379 7,379 7,566 7,747 6,981 Interest Earnings 241 240 204 200 230 270 258 259 237 219 213 Miscellaneous Revenue 839 1,027 1,034 1,099 1,148 1,153 1,155 1,154 1,232 1,232 1,237 TOTAL REVENUES 12,587 _ 13,942 14,229 14,607 15,022 13,508 13,792 8,792 9,035 9,198 8,431 EXPENDITURE CATEGORY Principal&Interest(P& 1 13,135 13,716 13,772 13,447 13,458 12,169 12,115 7,554 7,701 7,671 6,835 P & I-anticipated issues -- -- 537 997 1,251 1,546 1,640 1,640 1,640 1,640 1,640 Service Charges 9 10 10 10 10 10 10 10 10 10 10 TOTAL EXPENDITURES 13,144 13,726 14,319 _ 14,454 14,719 13,725 13,765 9,204 9,351 9,321 8,485 EXCESS (USE)OF FUND BALANCE (557) 216 (90) 153 303 (217) 27 (412) (316) (123) (54) FUND BALANCE Beginning Fund Balance 2,880 2,323 2,539 2,449 _ _2,602 2,905 2,688 2,715 -2,303 1,9V _ 1,864 Ending Fund Balance $_ 2,323 2.539. 2449 2,602 2,905 2,688_ 2,715 2,303 1 087 1,864 1.810 CITY OF BEAUMONT LONG RANGE FINANCIAL FORECAST Employee Benefits Fund (In thousands) Actual Estimated Projected Projected Projected Projected Projected Projected Projected Projected Projected FY 2001 FY 2002 FY 2003 FY 2004 FY 2005 FY FY 2007_ FY 2008 FY 2009 FY 2010 FY 2011 REVENUES Charges to Funds Health Insurance $ 8,561 9,245 9,998 10,701 11,396 11,951 12,538 13,148 13,797 14,488 15,205 Worker's Comp. 1,014 1,110 1,120 1,125 1,130 1,135 1,145 1,125 1,130 1,135 1,145 Unemp.lTerm STD 290 410 360 360 310 310 280 280 260 260 260 Employee Contributions 1,430 1,524 1,540 1,557 1,574 1,591 1,608 1,625 1,643 1,661 1,679 Interest Earnings 133 90 100 100 100 100 100 100 100 100 100 Miscellaneous Revenue 51 -- 20 20 20 20 20 20 20 20 20 TOTAL REVENUES 11,479 12,379 13,138. 13,863 14,530 15,107 15,691 16,298 16,950 17,664 18,409 EXPENDITURE CATEGORY Health 9,302 10,860 11,662 12,380 13,090 13,660 14,267 14,897 15,560 16,266 17,004 o Workers Compensation 1,229 1,109 1,116 1,123 1,130 1,137 1,144 1,121 1,129 1,137 1,145 Unemployment 50 60 60 60 60 60 60 60 60 60 60 Short-term Disability 422 350 300 300 250 250 _ 220 _ 220 _ 200 _ 200 200 TOTAL EXPENDITURES 11,003 12,379 13,138 13,863 14,530 15,107 15,691 16,298 16,949 17,663 18,409 EXCESS(DEFICIT) REVENUES OVER EXPENDITURES 476 -- -- -- -- - -- -- 1 1 -- FUND BALANCE Beginning Fund Balance 1,122 _ 1,598 1,598 1,598 1,598 1,598 1,598 1,598 1,598 1,599 1,600 Ending Fund Balance $ 1,598_ 1,598 . 1,598 1,598 1,598 1-598 1,598 _ 1,598. 1_L99_ 1,600 1,600 CITY OF BEAUMONT LONG RANGE FINANCIAL FORECAST Capital Reserve Fund (In thousands) Actual Estimated Projected Projected Projected Projected Projected Projected Projected Projected Projected FY 2001 FY 2002 FY 2003 FY 2004 FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 REVENUES -.._ --. _ . ---- -- Service Charges $ 1,506 1,394 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 Interest Earnings 55 60 35 24 22 29 38 46 43 53 66 Miscellaneous Revenue 52 20 20 20 20 20 20 20 20 20 20 Transfers In 1,138 358 358 358 358 558 558 558 558 558 558 TOTAL REVENUES 2,751 1,832 1,913 1,902 1,900 2,107 _.2,116 2,124 2,121 2,131 2,144 EXPENDITURE CATEGORY Renovations 101 297 50 50 50 50 50 100 100 100 100 Equipment 1,150 266 200 200 200 200 400 500 500 500 500 Vehicles 965 1,058 1,000 1,000 1,000 1,000 1,000 1,200 1,200 1,250 1,250 Debt Service 586 776 907 740 556 556 481 380 100 -- -- TOTAL EXPENDITURES 2,802 2,397 2,157 1,990 1,806 1,806 1,931 2,180 1,900 1,850 1,850 EXCESS(DEFICIT) REVENUES OVER EXPENDITURES (51) (565) (244) (88) 94 301 185 (56) 221 281 294 FUND BALANCE Beginning Fund Balance 1,388 1,337 772 528 440 534 835 1,020 964 1,185 1,466 Ending Fund Balance $ 1,337 772 528 440 534 835. 1,020 _ -._964 ___..1,185 - .-1,466 1,760_ CITY OF BEAUMONT LONG RANGE FINANCIAL FORECAST General Liability Fund (In thousands) Actual Estimated Projected Projected Projected Projected Projected Projected Projected Projected Projected FY 2001 FY 2002 FY 2003 FY 2004 FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 REVENUES — Interest Earnings $ 76 60 40 40 50 50 50 50 50 60 60 Transfer in/Service Charg 500 400 —550 550 550 550 550 550 550 550 550 TOTAL REVENUES 576 460 590 590 600 600 600 600 600 610 610 EXPENDITURE CATEGORY Professional Services 51 100 80 80 80 80 80 80 80 80 80 Liability Claims 741 700 500 500 500 500 500 500 500 500 500 Other Insurance 3 4 4 4 4 4 4 4 4 4 4 TOTAL EXPENDITURES 795 804 584 584 584 584 584 584 584 584 584 ry EXCESS(DEFICIT) REVENUES OVER EXPENDITURES (219) (344) 6 6 16 16 16 16 16 26 26 FUND BALANCE Beginning Fund Balance 1,477 1,258 914 920 926 942 958 974 990 1,006 1,032 Ending Fund Balance $—_ 1,258 914 _920 926 942 958 974. 990 1 006. 1 032 1,058 CAPITAL IMPROVEMENT PROGRAM iya .4 )(as c• y M lta► a Ga ►mp t ra�emer► program Y Zpp3 F .b gj{ g6r D �r � t CAPITAL IMPROVEMENT PROGRAM May 14, 2002 To the Honorable Mayor and Councilmembers Capital Program The Capital Program, sometime referred to as the Capital Improvement Program (CIP), is a plan prepared annually to provide for both short and long range physical development within the City of Beaumont. Charter requires the submission of the CIP to Council as part of the financial planning process. It is adopted in September with the annual operating budget. The CIP allows for project evaluation at a comprehensive level and also provides the financial information necessary to plan and anticipate potential changes to the tax structure, user fees and bonded indebtedness. Generally, a capital improvement has the following characteristics: relatively high monetary value (at least $100,000), long life (will last at least 10 years), and results in either the creation of a fixed asset, or the revitalization of one. Fixed assets are resources owned by the City which have monetary value, long-term character and will be held or used. Examples are land, buildings and improvements to land other than buildings. Included within the above definition are the following specific items: purchase, improvement and development of land; construction of new facilities for the delivery of City services; remodeling of existing facilities; and the planning/engineering costs related to specific improvements of the type listed above. The CIP includes a listing of all General and Public Works improvement projects along with project descriptions and cost estimates. General Improvements include Parks and Recreation, Public Safety and other general government municipal facility improvements, whereas Public Works Improvements include street and stormwater drainage projects. For informational purposes, water system projects are listed separately in this document; however, they are funded through water revenues rather than property taxes. Approved projects are classified in three phases: current, scheduled and planned. A project classified as current is underway orwill be underwaywithin the calendar year.Those classified as scheduled are under design and right-of-way is being acquired however no construction contract has been let. Projects classified as planned are approved projects but are only in the preliminary stage. Other projects for consideration, also included in this presentation, represent projects that are desirable but are not included in the five year plan. Capital Program 2003 May 14, 2002 Completed Projects (1998-2002) Since 1998, approximately$36.9M of projects, both general improvement and public works, have been completed or will be completed prior to fiscal year end 2002. The general improvement projects completed during this five year period totaled $16.3M. The costs for all public works projects topped $20.6M. An average of $7.4M in projects were completed annually during this period. A summary of the projects completed from 1998-2002 follows: YEAR DESCRIPTION AMOUNT Public Works Projects 1998 Royal Street Outfall $ 940,000 Eleventh Street-Washington to Fannett 1,900,000 Folsom Road - Crow to Dowlen 1,500,000 1999 Chaison Street- Threadneedle to Harriot 156,000 2000 Walden Road/Ditch 109 845,000 Ector Street Ditch 500,000 2001 Concord Road - Phase 1 (1-10 to Helena) 3,500,000 Franklin Street 785,000 Folsom Road 2,900,000 Frontage Road - Entertainment Complex 1,000,000 2002 Walden Road - Major Dr. To Fannett 6,570,000 General Improvement Projects 1998 Elmo Willard Library $1,695,000 Julie Rogers Theatre - Site Development 255,000 1999 Alice Keith Swimming Pool 1,380,000 2000 Municipal Court Building 1,904,000 Fire Station Construction (3) 2,285,000 Beaumont Yacht Club Additions 1,080,000 Parks Maintenance Facility 700,000 2001 Police Building Renovation 300,000 Fire Training Center Improvements 1,496,000 Athletic Complex - Softball Fields 1,616,000 Airport Fuel Facility 195,000 2002 Airport Runway Extension 268,000 Miller Library Expansion 475,000 T. R. Johns, Sr. Library 1,950,000 Playground Renovations 410,000 Perlstein Park 275,000 Capital Program 2003 May 14, 2002 Outstanding Debt Relative to the assessed value of property within the Beaumont city limits, the outstanding general obligation debt has ranged between a high of 2.41%at 10/01/99 and a low of 1.95% at 10/01/97.The increasing assessed valuation of property is attributable to both the addition of new property to the tax roll and increasing values of existing properties. The growth in assessed value mirrors the level of debt issued by the City for improvements to infrastructure which support a growing economy. The debt level has fluctuated between$67M at 10/01/94 to $89M at 10/01/99 while maintaining an average basis of 2.12%for period under review. The projected debt ratio at 10/01/02 is in line with the average at 2.10% of assessed value. The following table illustrates this discussion. Outstanding Assessed Debt Debt (1) Value Ratio 10/01/93 71,922,491 3,245,152,910 2.22% 10/01/94 67,584,491 3,251,615,993 2.08% 10/01/95 68,501,191 3,311,639,210 2.07% 10/01/96 71,482,591 3,420,010,280 2.09% 10/01/97 68,286,391 3,499,102,595 1.95% 10/01/98 76,723,691 3,661,785,240 2.10% 10/01/99 89,243,491 3,701,491,226 2.41% 10/01/00 81,093,791 3,779,873,302 2.15% 10/01/01 80,276,091 3,908,466,045 2.05% 10/01/02 (2) 85,362,576 4,025,700,000 2.10% ' Outstanding debt shown net of self-supporting HUD Section 108 loan. 2 Preliminary 10/01/02 outstanding debt includes proposed debt issue. Capital Program 2003 May 14, 2002 As a percentage of total general government expenditures(General Fund and Debt Service), annual tax supported debt service payments have ranged from 14.85%to 15.77%during the period FY99 through FY02. Considering existing debt levels along with the anticipated issuance of$9M in the fall of FY 2002, this ratio is projected at 15.70% for FY 2003. Fiscal General Govt. Debt Service Percent Year Expenditures Payments of Total 1999 73,707,665 11,046,675 14.99% 2000 78,433,086 12,371,272 15.77% 2001 82,687,272 12,297,280 14.85% 2002 (Est) 82,701,516 12,689,100 15.34% 2003 (Proj) 84,525,116 13,274,639 15.70% Debt Service Payments Relative to General Government Expenditures 120 100 , 80 c ° 60 40 20 0 1999 2000 2001 2002 2003 Fiscal Year End O General Govt Expenditures ®Debt Service payments Capital Program 2003 May 14, 2002 Capital Program 2003 Current, scheduled and planned projects total $71M. Individual project descriptions, with maps for street and drainage projects, may be found in the section titled "Project Descriptions." The following table identifies the specific cost associated with each phase of the CIP. Capital Program 2003 Program Summary Cost Public Works Improvements Current $23,360,000 Scheduled 7,350,000 Planned 28,400,000 Total 59,110,000 General Improvements Current $1,353,900 Scheduled 1,075,000 Planned 9,897,000 Total 12,325,900 Total Program Cost $71,435,900 Funding Financing for the annual program is provided by the "cash flow" approach, whereby debt is issued to generate enough cash to pay the actual expenditures during the year for both existing and new projects. This approach provides the most efficient use of the public tax dollars by allowing multi-year projects to be initiated without issuing debt for the full cost of the projects at the time of project commencement. All available funding sources are considered. Historically, funding has been provided by the sale of general obligation debt, Community Development Block Grant, and various Federal and State agencies. Capital Program 2003 May 14, 2002 Based on a "cash flow" approach the City expects to sell $9M in Certificates of Obligation (CO's) in the fall of FY 2002. This inflow of cash will provide sufficient cash flow for current General and Public Works Improvement projects and a significant portion of scheduled. Funding for the remaining planned projects has not been identified. As these projects transition into the "scheduled" or "current" classification funding requirements will be reviewed and proposed. Several factors which are unforeseeable will dictate the amount of debt issued. Weather, planning, design and construction costs all factor into the decision of when and how much debt to issue. The funding required to complete all current and scheduled projects is estimated at$10.1 M at this time. Capital Program 2003 Funding Summary Estimated Cost of Projects Current $24,713,900 Scheduled 8,425,000 Planned 38,297,000 Total $71,435,900 Funds Available Committed $23,040,500 2002 Proposed CO's 9,000,000 Total $32,040,500 Funds required to complete Capital Program 2003 $39,395,400 Effect on Operating Costs It is expected that the operational needs related to current and scheduled Public Works Improvements will be absorbed into existing operating departments and will not require additional personnel. The most significant operating item is maintenance of rights-of-way related to street projects, which will be handled by the Parks Division. The projects within the General Improvements category will be handled the same way. Additional operating needs will be absorbed. Capital Program 2003 May 14, 2002 Water Utilities Improvements The City Public Works Department has worked with engineering firms to identify necessary improvements to the water and waste water systems. Preliminary estimates for the renovation of the systems, which will be completed over a five year period, is in excess of $691M.These renovations are required to meet federal and state mandates as well as meet the needs of the City's growth. Individual project descriptions may be found in the section titled "Project Descriptions." The initial sale of$25M in Water Revenue Bonds in August 2000 funded the first phase of these improvements. A rate adjustment of 30%was made in July 2000 with increases of 4% in July of 2001, 2002 and 2003. These increases are necessary to adequately fund debt service requirements. A debt issuance of $30M will be completed this summer to provide additional funding for these major system improvements. Conclusion The Capital Program is designed to annually review the development and continuing maintenance of the City's infrastructure. The relationship between the assessed valuation, outstanding debt, annual debt service requirements and general government expenditures as illustrated provide a basis for project consideration and funding. Revisions and amendments may be incorporated into the plan as desired by Council. Capital Program 2003 Public Works Improvements Amount Current Projects. Major Drive $ 4,000,000 (1) Neches River Hike and Bike Trail 3,400,000 (2) Concord Road - Phase II (Includes Delaware outfall) 9,150,000 Concord Road - Phase III (Includes Concord Road North outfall) 5,310,000 Downtown Improvements 1,500,000 (3) Total $ 23,360,000 Scheduled Projects Fire Training Grounds South Road/Drainage $ 350,000 Main Street - Calder to Blanchette 2,000,000 Minor Street Rehab Program 1,000,000 (4) Twenty-Third Street - College to Washington 1,500,000 Virginia - Mercantile to Avenue A 2,500,000 Total $ 7,350,000 Planned_Projects Caldwood Outfall $ 3,700,000 Delaware - Dowlen to Major 3,500,000 (5) High School Ditch 8,000,000 Madison Street - Irving to Grove 1,500,000 Moore Street Relief 4,000,000 Old Dowlen - SH 105 Connector 2,600,000 Phelan Boulevard - Major Drive to West of Westbrook 1,500,000 South Park Relief- Remaining phases 3,600,000_ Total $ 28,400,000 Total Public Works Improvements $ 59,110,000 (1) Includes TXDOT funding of 80% or$3.2M. (2) Includes TXDOT funding of 80% up to maximum of $2.4M. (3) Includes TIFF funding of$500,000 (4) In CIP due to the proposed elimination of the Street User Fee. (5) Pursuing earmarked funding of 80% or $2.8M. Capital Program 2003 General Improvements _Amount Current Projects Charlton Pollard Neighborhood Park $ 1,103,900 (1) McLean and Roberts Park Improvements _ 250,000 (2) Total $ 1,353,900 Scheduled_P"o ects Art Museum of Southeast Texas Roof Replacement $ 150,000 Athletic Complex - Tennis Courts 325,000 (4) Cottonwood and Magnolia Park Improvements 325,000 (3) Fletcher Mini Park Improvements 50,000 (4) Pony League Baseball Field 50,000 (4) Sprott, Rogers and Central Parks - Spray Devices 175,000 (4) Total 1,075,000 Planned Proiects Central Park - Tennis Courts $ 62,000 Communications Network - Phase II 750,000 EMS 2 Facility 375,000 Perlstein Park - Walking Trail/Shelter 150,000 (5) Riverfront Park - Bank Stabilization 1,135,000 Telephone System Replacement 500,000 Transit System - Coach Acquisition (20) 6,450,000 (6) Tyrrell Park - Clubhouse 475,000 Total $ 9,897,000 Total General Improvements $ 12,325,900 (1) This project is 100% funded by a combination of CDBG and EDI Grants. (2) This project includes grant funding of 80% from UPARR and 10% from TPW. (3) This project includes grant funding of 80% from UPARR and 10% from TPW. (4) These projects will utilize the $575,000 proceeds from the sale of a portion of Central Park. (5) Requesting TPW - TX Recreation Trails Fund funding of$50,000. (6) This project includes Federal, State and Local Transportation grant funding of 80% or $5.16M. Pursuing other grant funds for remaining 20%. CALDWOOD OUTFALL When completed, this project will double the capacity of the Caldwood Addition Outfall and relieve street flooding. The project includes installation of a trunk system on East Caldwood, installation of inlets and laterals on Bristol, Sunbury, Medford, Canterbury and the reconstruction of the streets.Also included is the installation of new laterals, replacement of 50 inlets and reconstruction of Cross, North Caldwood, Central Caldwood, and South Caldwood Streets. The estimated cost of this project is$3,700,000. GQ� 0 a 1 Z ' QAG1FIG A A Sdv�HERN J a a U 90 CONCORD ROAD This project is needed to relieve the north/south traffic congestion on Eastex Freeway as well as to provide an extension of M. L. King, Jr. Parkway. Concord road has an indefinite right-of-way and as a result, additional right-of-way requirements are difficult to determine.The addition of a curb and gutter section will also require the construction of the Concord Road North Outfall to complement this project as well as the Delaware Outfall Drainage Project. This project will be carried out In three phases and provide for the reconstruction of Concord Road from IH-10 to East Lucas into an arterial roadway. Phase I, IH-10 to Helena, has been completed.Phase 11,Helena to the railroad track,includes the construction of the Delaware Outfall. Estimated cost for Phase II is$9.2M. Phase III will cover the area from the railroad track to East Lucas and will include the Concord Road North Outfall. Estimated cost for this phase is$5.3M. Maps with descriptions for the outfalls are included in alphabetical sequence. a� E. LUCAS ' J O W �d VI SON ' 0 `PS S9QO u W 1� ® q 0 A HUk 297 NL F pF. 0 z / a W I � W f'S'� DpGVOpp 7 u .�P i fL DELAWARE s� BLACKMDN DELAWARE South Texas SS = State o E! � BRICK RD �a6pround L- L3 ._. l7 z �� PLUM HDOVE �1Jf DOLLI R 9 _ ' L � Bebe 2aherias Park 10 LOUISIANA L)UI!IANA w EVALUN _ W J J W V Q Y HARRISON �\ f HARRISON CONCORD ROAD NORTH OUTFALL During the design of the Concord Road Project it was determined that a drainage outfall would be needed for the northern section of Concord Road. This outfall would drain an area that is bounded by Dogwood Street on the south, U.S. 69/96287 on the west, East Lucas on the north, and the Santa Fe Railroad on the east In addition to providing drainage for the northern section of the Concord Road Project it will also provide relief to a portion of the Minglewood Subdivision. The estimated cost of this project is included in Concord Road Phase III project. o o TYL.ER -J U- z U- P., ti�o� f�0 -' < Q w I ALDWI Z SO OAK GROVE �� o�=J ' y � '9� 9�LFILL O Z GPS 9�d 9 C9 Jti O Q o Z SON 96 Q~ � C4 A THU 9 G� U ❑AKW❑❑D ASHWDDD ca z of MAPLEW❑ D w of N. WILL❑ ❑❑D w 9C A Lf j TIMBE ❑❑D o DRIFT r.I— ❑ 3 DOD (n W W ~' 3 3 BLAC! ON 3 cy- w DELAWARE The extension of Delaware is required to provide an additional easttwest corridor from Eastex Freeway through to Major Drive. The limits of this project would run from Dowlen Road to Major Drive. Most of the street right-of-way has been donated, except in the area where an active tank farm exists. The oil field company anticipates closing the tank farm by 2005. Upon completion of oil field activities, it is anticipated that the property will become available for development.Property acquisition could delay completion of the middle portion of the project, and may require construction to be completed in more than one phase. The remaining right-of-way requirements are contingent upon oil field activity completion.Estimated cost for this project is$3,500,000. o TG ]C Q N LIMIT FOLSOM `'rJ TW L r a IAR NNYS G �� HE V Ei °' a A EIG ? WN a RRINGTON BR MEN y C CR EK WOOD II LI L T SHADO Y Z NE r > V W tQ 6 a J 3 Z O D K- A 1 o DELAWARE 3 C < o E � DELAWARE rTDAAC *PLAC 8 ORCHiM 13 PAR L' I !n N K ,a BLUEBONkET Si °o &M, ,Q 'Q R Y ¢ i > E Jw> ,z ES ¢ °" z By\t =BEND a aG ICENTEN�' _ PECAN s?�Aq� a O J> AH yg c LJ �a uE3 IN EET- COX ZENITH OI Q Q ILLS TTONTAIL SN R WELLINGTON TRAIL Ary PA Z S -ROSS -' 3 �� PL ERENE z IA Q Zr o" 1 SDR J Cf v �.> Z Z J r B off ��ooh Zug N Z yr y uNZ 0 3 THADZ y U '20 v A W 0 11 U GLADYS E R D w 3 GLADYS M S ALL FLA N ¢ = a i =AZALEA W O y M RI C3 _ ■W D oQ ^_ = EANDE� a \ oG a CHINAS ° DG >a JI' PLACE v SHANAHAN L N _ .Wt oD ILCHESTERO HON 3s � GL N W OW V oc z N. CIRCUIT HF HE ADD w Y WILDER GLEN MEADOW E TGATE T T u a 3 FROST a z > >Z BURLINGTDN DG DOD QEN CLINTON r q > z° Y > aA Z WE p �{C� KILLARNEY v ED a J DRAIN. E r CR�.1' � a °3� N= a s BLARNEY r' Z+ Z ALEM o L,TULIPS S E ANION HENAN OAH WEAVER r%t " J SALLIE S L D P Rl J QQKS Z ENV IL E, SHILOH I STONE a A 'S,9O'P� �'P�y aV L. N VFW d DELAWARE OUTFALL Phase II of the Concord Road Project will require the construction of a drainage outfall. The outfall will be constructed within the Delaware Street right-of-way from Concord Road to Pine Street,the Pine Street right- of-way from Delaware to Manning Street, the Manning Street right-of-way from Pine to Astor Street and the Astor Street right-of-way from Manning to Fletcher Street. In addition to serving as the outfall for Concord Phase II, this outfall will also provide relief in the Prince Street Drainage. The construction of the outfall is required prior to commencement of Concord Road Phase II roadway improvements. E. LUCAS E. LUCAS ?4' Q, lO -O� 9 9Z d 9 Zj 9 DELAWARE 8~0 �P S -9 DELAWARE 9i- 3 vc DELAWARE �p 9 go 4 1� DOWNTOWN IMPROVEMENTS The downtown area is currently experiencing a tremendous amount of private investment. To make downtown more attractive and entice further capital investment, the City plans to make street, sidewalk, lighting and landscaping improvements.Asa part of Phase 1,the City will brick pave Crockett Street between Main and Pearl,and brick pave the sidewalks in the surrounding block,which includes Crockett,Main, Bowie and Pearl. The City will also make lighting and landscaping improvements in the above area and construct arches over Crockett at Main and at Pearl for entrance points into the Crockett Street Entertainment District. Total estimated cost is $1.5M, with $500,000 being funded with TIFF funds. Phase 11 will continue the sidewalk, lighting and landscaping improvements to Orleans Street, in front of the Hotel Beaumont and on Fannin Street in front of the Jefferson Theatre. z rn G� 9,L S A F �) �O FIRE TRAINING GROUNDS SOUTH ROAD/DRAINAGE This project provides for improvements to the drainage system and rehabilitation of the roadway on the south side of the Fire Training Center. The current drainage system and roadway are in very poor condition. The improvements and rehabilitation will reduce problems with standing water during heavy rains and provide better access to fire training projects on the south side. Estimated cost of this project is$350,000. I LaMq Terminal ntlar.e a w O Iidua. : 'in ErelnpWan« eserllrpld SsoreN IiII 4 P+a.cn r I ti 9AbP 1� J I IP � vv n e n • le • em•r. Ors r. ".. n r INIMe 1e R t 6torap•Artl 71 PeMlap, � W TR•Gmsr Far II,dwVlel n REST I ® 10 • . � ManrdOVe Mal«'W Tralnlr,p 01111— ROOM d R• a • • Fl Onr•r,p Pond ° Pump LAI„« Drll s 22 Ma O1,1Ce Toes 21 Pan°np r Pe 1 Purnw°r It e Ana le eswoom tern« r rawer 21 Cltlan 11 1• 2J na T Plows"I A Student M Parking Area eM sbcect Mon assnom Project arM Reshopms FM Project O O ap.Rrx 2e _ 20 erEw LPO Cla.arpon,A ` JA P„n,P 3.411 u Pressure M•retctd project 21. comer For measles Fire«W 27 umar unera°r,l.A a e 2 Sv,cwrs,Fin•ro]•.t Be. Pump Sear II ti. Fin EVIPWatler Project NaorOals VAWW1a TnlNng Omcas 2e. ZION Shop 0 SprsW«Ciar.,00rn a e. FV.Wslar Pump 1e. Fiesho er Pr*M 22. OMW4 FIN P Oed 2e. Mon Project ]A R"n ma 10. Fuel Storage An• 17. enetMeg Apperaers Project 22. Classroom C 70. Sivdmi Pad«,p LPG Plaiw, I1 Me"Mal TnPUnp An. ,t. Re.we Bull Fig Classroom 21. Drip To"w Project 71 U.S.coast G." y 12A ptocasa I Prgaa to Cor,MSd SPaa Reseu•Protect 23. revision R.—Ocoee 6 Fis,Pa Prgeci ,2e Process n Projaq 20 RaVOpma 2e. city of ee•IP„ent F,.rRUae t Pipe Rack Pnle.t 17 Crude Oil Storege Project 0eprtmerd Oloa HIGH SCHOOL DITCH There are two remaining phases of the High School Ditch project, South and North. Each section consists of the installation of trunk lines, inlets, manholes and connecting pipe improvements that are required to complete the drainage improvements in the entire High School Ditch area.This area covers approximately 600 acres and is served mostly by an underground storm sewer system. The primary outfall for the High School Ditch Drainage area is a 9 foot x 6 foot concrete box culvert which runs from Oxford Street under the Southern Pacific Railroad tracks and South 11th Street to a concrete lined ditch section near 13th Street. The concrete lined ditch runs to near Highway 69, 96, 287, and IH-10, where the flow is carried under the highway by three 7 foot x 8 foot concrete box culverts.The lined concrete ditch then conveys the flow from the west side of the highway approximately 1,300 feet to Hillebrandt Bayou Oxbow. The engineering phase of this project is complete. Estimated cost for this project is$8,000,000. 10 r Q Y Q' _ Q CALDER CALDER Y _ J mom F- � � 1 I (tR c Sp 10 MADISON STREET Madison Street, from Irving to Grove, is the primary truck route for the industrial district located east of Carroll Street. The existing concrete pavement is deteriorating and should be replaced. Estimated cost for this project is$1,500,000. N 9 EM ET O O Z qa A GH M BUFORD � v C vI ❑ AL L q = H H CUNIFF T RT W �C R G a '_' > J x 1� �4 z I R a o A w J a UN IER Z SCH ER = J m Lu N L W Vi as y RED R1CK G V RNLINC N a u LA z GR NT Y MM FLO RS p> INSHE RMAN W I CH MI YL a PO TFR a A DRTE TAG❑R o i J z a s — BURT rx f B❑ IV R LI A > S A ❑ OU ET E W } J a C❑ L E I I a w X z R FMADINI T RI H Q z r w d Q ~ ]C w _ a FUL T❑ R = v}i a a 4-:` a C3 R $ TS -' � RY PR IRE I PR 1 T z LEE LEE a T ERRS E E L h J N z Jl� W �' EUCL D HARRIDT PI a vo > A A E.N ALM >N a H A NE DL E. T EADN EDLE E � L E °q EL IE z Im E. ELG EGYPT Y w CH RC z z = o w ca r P CHURC ro PICI a a ZJ PIP IN w x cn a E. P 1281 �9 MA p BUTLIN EDWIN z J CD [ HE ERT a d BR CK A ADAM J O v 1 tY 2 a J GLO C N O w J r N❑ AN Q r- T N 9vR�oa W w E r A A C o o a a _ ? u ACA MAIN STREET The existing pavement on Main Street, from Calder to Blanchette, is beginning to experience numerous failures as a result of an old waterline that runs underneath it. After continually repairing the roadway, it is now at the point that the entire roadway needs to be replaced. The estimated cost to reconstruct this four- lane concrete roadway is$2,000,000. i� H ZE w Q ° �\ i N❑ TH o w \ ' MAGA cF DD N z E 90 z z E A � Q y L ERRY� l7 W W O r U '—' 3 w o Q � o q �NEy W LA- do of so S C E M E T - F MAJOR DRIVE Major Drive is a participation project with TxDOT specifically classified as a demonstration project. Our funding provides for just the purchase of right-of-way and utility relocation that must occur prior to the state proceeding with its construction project to widen Major Drive from Hwy 105 to Hwy 124. Total cost for just ROW and utility relocation is estimated at$4M with TxDOT responsible for 80%or$3.2M. The City will be responsible for the remaining 20% or$800,000. Currently the portion from Hwy 105 to Humble has been completed. ` ry 'A' MATCHLIK •A• _Z n a Y COLLEGE a F S H. 105 ° i z WASHINGTON E3 i K f O(S f[[1. g' WAL DErA s [[ - s r QJ DISHMAN A, a` 4 3 GL A U Y° Y p loo oo �r 010 000 3 p u..r. a = y" �) i - �Y *� 0oo t ^ r� 'A• HATCHLIW •A' MINOR STREET REHAB PROGRAM STREET NAME CONSTRUCTION LIMIT Amarillo Victoria/SantaFe RR Avenue E May/Virginia Avenue H Gilbert/Cartwright Avenue I Milam/Blanchette Avenue I Foch/Cartwright Avenue I Roberts/Avenue F Blanchette 12th/SantaFe RR Coast Simmons/Liveoak Forrest Weiss/Concort Beach Genoa Elba/Dead End Goldsborough Byrd/Dead End Grove Madison/Grant Harding Lucas/Arthur Houston Washington/Franklin Katy Jean/Moses Kitchner Renaud/Concord Lou Sarah/Dead End Lou Sarah/May Moses Katy/Wescalder Natalie Adams/Dead End Perl Rd. Major Dr./John Lee Pershing Anchor/Dead End Pine Burr Lucas/Spencer Roberts Fourth/Avenue B SanCarlos Guess/Willis Simmons Gulf/Dead End Stardust Kipling/Sunburst Thirteenth Laurel/Cedar Tilson Jackson/McGovern Tracey - Pope/Delaware Concrete Pavement Repair by Slab Lifting @ Various Locations Total $ 1,000,000 MOORE STREET RELIEF The lack of roadside drainage facilities in residential areas, inadequate capacity within existing storm sewer systems, and large paved areas within the Lamar University campus, all contribute to flooding problems. The Moore Street Drainage Area is located within the southeast quadrant of the City and is generally defined as the watershed contributing to the Moore Street Ditch. Drainage generally flows westward from Highland Avenue and southerly from East Lavaca to University Drive, where storm sewer pipes convey the storm water to the Moore Ditch. Proposed improvements include the construction of storm sewers, the removal of a concrete restriction at the old Lower Neches Valley Authority Crossing and realignment of the channel, the installation of a box culvert crossing Highland Avenue and the replacement or modification of existing inlets. The preliminary engineering design is complete. The estimated cost of this project is$4,000,000. LAVACA N W z z 380 rJ R Z p� 1 p9 nr 1 rn v project NECHES RIVER HIKE AND BIKE TRAIL This d provide for the construction of a hike and . Preserve.Recreational Area and Nature - project 1 viewshed and would provide ..•. - 1 to stop and view the Neches : project's location, it has been .. Program through the Texas Department of Transportation (TxDOT). Total project cost is estimated at $3,400,000 with TxDOT funding 80%of cost up to PC room IM-ZQ �.� � CAiit�r+aid�•�..;..._�.�/ �. ■��■■� �I-A■■3mNAIN�1/�iii- OLD DOWLEN Due to the significant development in the Parkdale Mall area, a very high demand has been placed on Old DcnMen Road between Dowlen and SH 105.While the Dowlen/Old Dowlen intersection has been signalized, little room for improvement exists at the Old Dowlen/SH 105 intersection due to its close proximity to US 69. Accommodating the various intersection movements and traffic queuing will require the relocation of the north section of Old Dowlen Road several hundred feet west. This change would move the intersection further away from US 69,and it would allow the installation of a traffic signal.Pavement widening to provide a curb and gutter street will allow greater traffic loads with much less required maintenance. Also included is the reconstruction of Caswell through to US 69, which Old Dowlen will connect to when relocated. The estimated cost for this project is$2,600,000. A X O�O All w o of °hz2x:� Q_ y IX V� A r-a AX Q Pq U iz c Z 105 OSEDAL RO EDAL <v d MI 0- GOv -J COLE 69 a 96 F2-8-7 Off" Z O w J 3 E3 A A J 0 � w � L3 w A 3 COLLIER IDP`'I� Z QONM ~' J r� T ARD OL 0 Y U PHELAN BOULEVARD Phelan Boulevard west of Major Drive is a heavily traveled two lane roadway that provides access to West Brook High School and the west end of Beaumont The current roadway cannot adequately handle the traffic demand and requires widening to a four lane curb and gutter section. Estimated cost for this project is $1,500,000. 364 WHITE PHELAN MP RR McLEAN 0 Q SOUTH PARK RELIEF The remaining phases of the South Park Relief project includes construction of laterals on Campus Avenue, Zavalla Drive, East Woodrow, Kenneth Avenue, Saxe Street and Florida Avenue. Also included are improvements to substandard inlets, manholes and connecting pipe. Estimated cost for this project is $3,600,000. 28 4 TWENTY-THIRD STREET - COLLEGE TO WASHINGTON Twenty-third Street is currently a two lane roadway with open ditches from College Street to Washington Blvd.Development along this section of Twenty-third consists of both commercial and residential properties. The commercial development exists on each end with residential development in the center section. The reconstruction of Twenty-third Street into a four lane concrete curb and gutter roadway will provide an improved north/south corridor. Estimated cost for this project is$1,500,000. PACI IC MAITLAND P8 Gateway FAN 41M Shopping Center FURS VTW STAGG WALL 6L 9 COLLEGE CQIEGE z BELMONT �- z BYRD ca MILAN �� N B B0.iVAR W CORLEY ORLEY oc ° CARTWRIGHT �S ROBERTS y 0 a a 10 TERRELL CU WASMINGTONI �4°�Q" v J ti y EIlLttn Y ca 4� z PARISH z ELINOR .s C3 g > w PROCTOR 44, VAVERLY PIERRE 1P c HEST IQ2'ELAND r W SIMPSON Z W DIRECTORS J ST. JAMES ROW SIMON W W VIRGINIA - MERCANTILE TO AVENUE A Virginia Street is currently four lanes from Fourth Street to Mercantile Street. The section from Mercantile to Avenue A is only two lanes with ditches on both sides. The reconstruction of this section into a four lane concrete curb and gutter roadway would provide a continuous collector between Fourth Street and Avenue A. This construction would not require any additional right-of-way. Estimated cost for this project is $2,500,000. L Z z Liberia EHEI EDMON S w Park M �' . M Y ER Q 9 HE E Q LJ = NORA z ¢ o GLOWER r� ZO W '—' A A ° a LELA BURT Q- SARAH °fV Z KE A J LUCI LE LUCILL ° CA WE Rw w A RE Q 0 w Q ° zz L CS H _ ti� Q Q G4 MIL— q Q � �-+ ¢ ° DRE Q JD CiTlIT-5X5 ir BURGAND OURB❑ -J J `�'p Z DAUPHINE o BASIN Pq A�BUR11/ Gy U F- RAMPART WEST HIGHLAND U } �2 G� � y ° FLORIDA CAPITAL PROGRAM 2003 GENERALIMPROVEMENTS ART MUSEUM OF SOUTHEAST TEXAS ROOF REPLACEMENT Due to numerous leaks and water ponding, replacement of the entire roofing systems is needed at the Art Museum of Southeast Texas.Work may include a new polyvinylchloride roofing membrane and structural repairs, including repairs to the exterior insulation and finish (EIFS) system and stucco surfacing and replacement of window glazing. Estimated cost of this project is $150,000. ATHLETIC COMPLEX - Tennis courts Seepage of water makes the existing eight (8) tennis courts, constructed in 1976, unsafe and unplayable after rainfall. Renovation of the courts will include installation of a post tension concrete surface, new surfacing material, striping, nets, and new fencing. Estimated cost for this project is $325,000 and will be funded with proceeds from the sale of a portion of Central Park. CENTRAL PARK - Tennis Courts This project will provide for the renovation of two (2) tennis courts at Central Park with an asphalt overlay. The Parks and Recreation Advisory Committee has recommended this project for FY 2003. Estimated cost of this project is $62,000. CHARLTON-POLLARD NEIGHBORHOOD PARK This project replaces Carroll Street Park which was sold to Exxon-Mobil in 1998. Proceeds from the sale of the old park will be used to procure property for the new site. The new park, located at the intersection of Sabine Pass and Mary Streets, is part of a neighborhood revitalization effort in the City's south end. Park facilities include off-street parking,security lighting,covered picnic area,creative playground equipment,aquatic spray devices,softball fields,tennis courts, multi-purpose court, restrooms and jogging path with exercise stations. Construction funding is provided by a Community Development Block Grant(CDBG)and an Economic Development Initiative (EDI) grant. The estimated total project cost is $1,103,900. COMMUNICATIONS NETWORK - Phase II Phase 11 allows for the Fire Department to connect to the City's 800 MHZ trunked communication system. Phase I, which includes infrastructure, purchase of police portables and mobiles, and project design was completed in September, 2001.The estimated project cost is $750,000. COTTONWOOD AND MAGNOLIA PARK IMPROVEMENTS This project will provide for rehabilitation to Cottonwood and Magnolia Parks. Improvements to Cottonwood Park will include playground equipment, a spray device, surfacing, drainage improvements, sidewalks, site work and grading, landscaping, a drinking fountain and a covered hard-surface pavilion. Improvements to Magnolia Park will include playground equipment, surfacing, drainage improvements,sidewalks,sitework and grading, landscaping and drinking fountain. Estimated cost for this project is $325,000 ($260,000 in UPARR funds, $32,500 in Texas Park and Wildlife funds, and $32,500 in City funds). EMS 2 FACILITY This project would provide for the construction of a new EMS 2 Facility at 3020 Municipal Drive. "Medic 2"was previously stationed in a former City fueling station at this address. Due to severe deterioration, the building was abandoned, and will be demolished. The City now rents a modular unit to house the medic team. A rental fee of$5,760 is paid annually.The requested facility contains living quarters, supply storage areas and covered parking for two to three units. Estimated cost for this project is $375,000. FLETCHER MINI PARK IMPROVEMENTS This project will provide for improvements to Fletcher Mini Park and will include electrical service, lighting, playground equipment, sidewalks, ADA surfacing, drinking fountain, grading, and site improvements. Estimated cost for this project is $50,000 and will be funded with proceeds from the sale of a portion of Central Park. MCLEAN AND ROBERTS PARK IMPROVEMENTS This project provides for improvements to McLean and Roberts Parks. Improvements to McLean Park will include playground equipment, surfacing, drainage improvements, sidewalks, site work and grading, landscaping, and a drinking fountain. Improvements to Roberts Park include playground equipment, surfacing, drainage improvements, sidewalks, site work and grading, landscaping, drinking fountain and a water playground. A UPARR grant was awarded in August, 2001 in the amount of $250,000 ($200,000 in UPARR funds, $25,000 in Texas Parks & Wildlife funds, and $25,000 in City funds). PERLSTEIN PARK - Walking Trail/Shelter This project would provide for a walking trail, parking and picnic shelter at Perlstein Park. Estimated costforthis project is$150,000. Possible funding of up to$100,000 is being pursued from the Texas Recreation Trails Fund of the Texas Parks and Wildlife Department. PONY LEAGUE BASEBALL FIELD The Beaumont Youth Baseball Association has requested a pony league field with an outfield of 310 feet. Estimated cost for this project is $50,000 and will be funded with proceeds from the sale of a portion of Central Park. RIVERFRONT PARK - Bank Stabilization This project provides for 1,225 feet of bank stabilization. The shoreline along the west bank of the Neches River is eroding and the existing sidewalk supports are exposed. The existing sidewalks on the north shore will collapse without support. Estimated cost for this project is $1,135,000. SPROTT, ROGERS AND CENTRAL PARKS - Spray Devices This project provides for the installation of spray devices at Sprott, Rogers and Central Parks and will include water features, controls, circular pad with non-slip deck, concrete skirt, and electrical service. Existing wading pools will be removed; area will be graded, leveled, material added, and sod placed around the new concrete. Estimated cost for this project is $175,000 and will be funded with proceeds from the sale of a portion of Central Park. TELEPHONE SYSTEM REPLACEMENT This project would provide for complete new telephone systems at City Hall, Police Department, Fire Headquarters and health facilities located on Washington Blvd. The existing systems at these locations are outdated and only used or reconditioned parts are available. City Hall telephone communications switch remains to be the hub for four sites and is at maximum capacity at this time. Replacement of the switches would allow for future expansion, include improved features, and would relieve the City of the precarious situation that currently exists. Estimated cost for this project is $500,000. TRANSIT SYSTEM - Coach Acquisition (20) This project would provide for the purchase of twenty(20)alternatively fueled buses to replace the existing fleet of diesel powered buses. Total estimated cost for this project is$6,450,000,which includes Federal, State and Local Transportation grant funding of 80%, or$5.16M. Currently pursuing other grant funds for the remaining 20%. TYRRELL PARK - Clubhouse This project provides for the renovation of the parking lot and clubhouse at the Henry Homberg golf course. Estimated cost for this project is $475,000. CITY OF BEAUMONT CAPITAL RESERVE FUND BALANCE SHEET April 30,2002 AVAILABLE RESOURCES CLAIMS ON AVAILABLE RESOURCES Assets Liabilities Cash $ 1,481,703 Accounts Payable $ 218,656 Receivables — Due to Other Funds 77 218,656 Fund Balance, Unreserved 1,263,047 TOTAL AVAILABLE RESOURCES $ 1,481,703. TOTAL CLAIMS ON RESOURCES $ 1.481.703 STATEMENT OF CASH FLOW For the seven months ended April 30,2002 Current Month Year To Date Cash Flow from Operating Activities _ Cash Received from Charges for Services $ 146,050 1,037,987 Cash Paid to Suppliers _L475) A36,7" —145,575 601,193 Cash Flow from Capital and Related Financing Activities Proceeds From Other Sources — — Proceeds from Issuing Debt — Principal Retirement and Interest Charges (167,310) (276,617) Acquisition of Capital Assets _161,408 538,588 _ L28,718) (815,20 Cash Flow from Investing Activities Interest Earnings 3,758 33,039 Net Cash Flow (79,385) (180,973) CASH BALANCE Beginning Cash Balance __1,561,088 1,662,676 Ending Cash Balance $14-81,703 1,481,703, 20 CITY OF BEAUMONT CAPITAL RESERVE FUND STATEMENT OF REVENUES,EXPENSES AND CHANGES IN FUND BALANCE For the seven months ended April 30,2002 Favorable/ FYE 2001 (Unfavorable) Current Actual Projected at Year-End To _Month Year To Date 04130/2002 Budget Bu_d_get REVENUES Charges for Services $ 116,175 813,225 1,394,100 1,394,100 — Interest Earnings 3,758 33,039 60,000 60,000 — Transfers from Other Funds 29,875 209,125 358,500 358,500 — Proceeds from Capital Leases — — — — Miscellaneous Revenue — — 20,000 20,000 — TOTAL REVENUES 149,808 1,055,389 1,832,600 1,8321600 — EXPENSE CATEGORY CapitalOutlay-Equipment 61,883 757,244 1,324,800 1,324,800 -- Capital Outlay-Critical Bldg 475 95,682 297,000 297,000 — Debt Service 167,310 276,617 775,600 775,600 — TOTAL EXPENSES 229,668 1,129,543 2,397,400 2,397,400 — EXCESS(DEFICIT)REVENUES OVER EXPENSES (79,860) (74,154) (564,800) (564,800) — FUND BALANCE Beginning Fund Balance 1,342,907 1,337,201 _ 1,337,201 1,171,380 _ 165,821 Ending Fund Balance $ 1.263.047 1,263 047- _ 772,401_ . 606580 165 821_ 21 CITY OF BEAUMONT FLEET FUND BALANCE SHEET April 30,2002 AVAILABLE RESOURCES _ CLAIMS ON AVAILABLE RESOURCES Assets Liabilities Cash $ 405,195 Accounts Payable $ 54,555 Inventories 336,451 Accrued Wages Payable 41,916_ Other Receivables — _ 96,471 Fund Balance Reserved for Inventories 336,451 Unreserved 308,724 645,175 TOTAL AVAILABLE RESOURCES $ 741.646 TOTAL CLAIMS ON RESOURCES $ 741 646. STATEMENT OF CASH FLOW For the seven months ended April 30,2002 Current Month Year To Date Cash Flow from Operating Activities Cash Received from Charges for Services $ 411,994 2,463,029 Cash Paid to Suppliers (228,215) (1,492,083) Cash Paid to Employees —_ (92,95 —(661,9 90,854 308,947 Cash Flow from Capital and Related Financing Activities Cash to(from)Other Funds (13,608) (95,258) Acquisition of Capital Assets _____(342) L,303) (13,950) _ (97,561 Cash Flow from Investing Activities Interest Earnings 313 1,754 Net Cash Flow 77,217 213,140 CASH BALANCE Beginning Cash Balance 327,978 192,055 Ending Cash Balance $__ 405.195 405 195_ 22 CITY OF BEAUMONT FLEET FUND STATEMENT OF REVENUES,EXPENSES AND CHANGES IN FUND BALANCE For the seven months ended April 30,2002 Favorable/ FYE 2001 (Unfavorable) Current Actual Projected at Year-End to Month Year To Date _0.4/3.0/2_00.2 B_ udget _ Budget REVENUES Charges for Services $ 411,994 2,463,029 4,080,100 4,080,100 — Interest Earnings 313 1,754 4,000 4,000 — Miscellaneous Revenue — — — — — TOTAL REVENUES 412,307 2,464,783 4,084,100 4,084,100 — EXPENSE CATEGORY Personnel Costs 92,925 661,999 1,195,100 1,195,100 — Operating Expenses 257,875 1,480,072 2,794,600 2,794,600 — Capital Outlay 342 2,392 4,100 4,100 — Transfers Out 13,608 95,258 163,300 163,300 — TOTAL EXPENSES 364,750 2,239,721 4,157,100 4,157,100 EXCESS(DEFICIT)REVENUES OVER EXPENSES 47,557 225,062 (73,000) (73,000) — FUND BALANCE Beginning Fund Balance 597,618 _ 420,113 420,113 636,489 216,376 __1 6 Ending Fund Balance $ _645,175- _. (245,175 _ _ 347,113. 563 489. _(216.376J 23 CITY OF BEAUMONT EMPLOYEE BENEFITS FUND BALANCE SHEET April 30,2002 AVAILABLE RESOURCES CLAIMS ON AVAILABLE RESOURCES Assets Liabilities Cash $ 1,717,016 Escheat Clearing $ 29,824 Receivables 125 Employee flex plan, suppl life&Rd 22,558 Accounts Payable 7 Accrued Wages Payable 16599 68,988 Fund Balance, Unreserved 1,648,153 TOTAL AVAILABLE RESOURCES $ 1,717,141 TOTAL CLAIMS ON RESOURCES $ 1,717,141 STATEMENT OF CASH FLOW For the seven months ended April 30,2002 Current __Month Year To Date Cash Flow from Operating Activities Cash Received from Charges for Services $ 1,027,701 7,201,209 Cash Paid for Benefits&Services __i1,151,964) _ (7,232,1 (124,263) (30,896) Cash Flow from Investing Activities Interest Earnings —7,666 61,758 Net Cash Flow (116,597) 30,862 CASH BALANCE Beginning Cash Balance 1,833,613 1,686,154 Ending Cash Balance $ 1,717,016 1,717,016 24 CITY OF BEAUMONT EMPLOYEE BENEFITS FUND STATEMENT OF REVENUES,EXPENSES AND CHANGES IN FUND BALANCE For the seven months ended April 30,2002 Favorable/ FYE 2001 (Unfavorable) Current Actual Projected at Year-End to Month Year To Date 04/301200_2_ _ Budget Budget REVENUES Interdepartmental Transfers Employee Health Ins $ 300,257 2,102,906 3,603,600 3,603,600 - Dependent Health Ins 468,666 3,283,091 5,641,800 5,641,800 - Worker's Comp. 92,325 646,658 1,109,900 1,109,900 - General 34,149 239,041 410,000 410,000 - Employee Contributions 132,304 924,161 1,524,000 1,524,000 - Miscellaneous Revenue - 5,352 - - - Interest Earnings 7,666 60,295 90,000 90,000 - TOTAL REVENUES 1,035,367 7,261,504 12,379,300 12,379,300 - EXPENSE CATEGORY Health Point-of-Service 582,778 2,977,762 5,011,000 5,011,000 - HMO Blue Texas 253,476 1,658,278 2,900,000 3,350,000 450,000 Dental 56,301 368,848 617,000 617,000 - Health Prescriptions 161,708 1,099,547 1,750,000 1,750,000 - Other Benefits 6,294 44,026 95,000 95,000 - Total 1,060,557 6,148,461 10,373,000 _ 10,823,000 450,000 Worker's Compensation Third Party Admin. 5,373 45,810 91,000 91,000 - Claims Paid 39,488 597,278 950,000 900,000 (50,000) Safety Management 7,033 76,824 129,200 129,200 - Excess Insurance - 25,414 25,000 25,000 - Total 51,894_ 745,326 _1,195,200 _ 1,145,200 (50,0 General Unemployment 12,045 24,357 60,000 60,000 - Short-term Disability 27,699 _ 293,073 350,000 - 350,000 - _ _- Total - 39,744 317,430 -410,000 - 410,000 - TOTAL EXPENSES - 1,152,195 7,211,217 11,978,200 12,378,200 400,000 EXCESS(DEFICIT)REVENUES OVER EXPENSES (116,828) 50,287 401,100 1,100 400,000 FUND BALANCE Beginning Fund Balance 1,764,981 1,597,866 1,597,866 928,102 669,764 Ending Fund Balance $ 1648,153 164$153 1.998,966 = _929.202_ = 1 069 764 25 CITY OF BEAUMONT GENERAL LIABILITY INSURANCE FUND BALANCE SHEET April 30,2002 AVAILABLE RESOURCES CLAIMS ON AVAILABLE RESOURCES Assets Liabilities Cash $ 900,145 Accounts Payable $ 586 _ 586 Fund Balance Reserved for Claims 899,559 Unreserved — 899,559 TOTAL AVAILABLE RESOURCES $.,__ ._900.145 TOTAL CLAIMS ON RESOURCES $__ 900.145 STATEMENT OF CASH FLOW For the seven months ended April 30,2002 Current Month Year To Date Cash Flow from Operating Activities Cash Received from Charges for Services $ 33,333 233,333 Cash Paid for Claims _ (6,293) (627,937) 27,040 (394,604) Cash Flow from Investing Activities Interest Earnings 2,047 20,309 Net Cash Flow 29,087 (374,295) CASH BALANCE Beginning Cash Balance 871,058 1,274,440 Ending Cash Balance $. KO-145 900,145 26 CITY OF BEAUMONT GENERAL LIABILITY INSURANCE FUND STATEMENT OF REVENUES,EXPENSES AND CHANGES IN FUND BALANCE For the seven months ended April 30,2002 Favorable/ FYE 2001 (Unfavorable) Current Actual Projected at Year-End to Month Year To Date _04/3_0/2002 Budget Budget REVENUES Interest Earrings $ 2,047 19,619 40,000 60,000 (20,000) Interdepartmental Transfers 33,333 233,333 400,000 400,000 — Miscellaneous Revenue — — — — — TOTAL REVENUES 35,380 252,952 440,000 460,000 (20,000) EXPENSE CATEGORY Professional Services 322 24,053 100,000 100,000 — Settlements 6,557 584,262 700,000 700,000 — Other Insurance — 3,420 4,000 4,000 — TOTAL EXPENSES 6,879 611,735 804,000 804,000 — EXCESS(DEFICIT)REVENUES OVER EXPENSES 28,501 (358,783) (364,000) (344,000) (20,000) FUND BALANCE Beginning Fund Balance 871,058 1,25342 1,258,342 1,272,987 X4645) Ending Fund Balance $ _ 899,559. _ 899 559.. —_894 342 928,987 3C645) 27 -1 --Nt, Capital Trojects funds CITY OF BEAUMONT GENERAL IMPROVEMENT FUND BALANCE SHEET April 30,2002 AVAILABLE RESOURCES CLAIMS ON AVAILABLE RESOURCES Assets Liabilities Cash $ 184,210 Accounts Payable $ 950 Receivables 500 950 Fund Balance Reserved for Park Improvements 575,000 Reserved for Construction (543,533) Reserved for Encumbrances 152,293 183,760 TOTAL AVAILABLE RESOURCES $ 184,710 TOTAL CLAIMS ON RESOURCES $ 184,710 STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE For the seven months ended April 30,2002 per General Ledger Actual To Date Revenues $ 374,335 Expenditures 632,2_2_3 Excess(Deficit)Revenues Over Expenditures (257,888) Fund Balance Beginning Fund Balance 441,648 Ending Fund Balance $ 183,760 FUNDING SUMMARY April 30,2002 Project Balance Funds Available(On Hand/Receivable) $ 183,760 UPARR Funding Provided 200,000 TPW Funding Provided 25,000 Grant Funding Provided 1,052,123 Available from Miller Trust 365,133 Reserved for Parts Improvements(Central Pk) (575,000) Required future 540,326 Total $ 1,791,342 30 CITY OF BEAUMONT GENERAL IMPROVEMENT FUND PROJECT EXPENDITURE REPORT April 30,2002 Current Project Expended Project Budget To Date Balance(1) EXPENDITURES Playground Renovations 400,000 274,664 125,336 McLean Park 100,000 625 99,375 Roberts Paris 150,000 625 149,375 Theodore R. Johns Library 1,950,000 1,625,068 324,932 Charlton Pollard Park 1,103,900 376,709 727,191 Miller Library Expansion 800,000 434,867 365,133 TOTAL EXPENDITURES $ 4,503,900 2,712,558 1,791,342 (1) Total project balance includes actual outstanding purchase orders and future purchase orders necessary for completion of projects. Actual purchase orders as of April 30,2002 were$152,293. Project Highlights Renovation of existing playgrounds at Alice Keith, Chaison and Gilbert Parks. Original CIP budget was$300,000. Renovations of existing playgrounds at McLean and Roberts Parks with partial funding from UPARR and TPW. Construction of Theodore R.Johns Branch Library with funding from CDBG, Section 108. Construction of a park in the Charlton Pollard neighborhood,with other funding from CDBG. Expansion of Miller Library with proceeds from the Miller Trust. 31 CITY OF BEAUMONT STREETS AND DRAINAGE IMPROVEMENTS BALANCE SHEET April 30,2002 AVAILABLE RESOURCES CLAIMS ON AVAILABLE RESOURCES Assets Liabilities Cash 3,621,912 Accounts Payable $ — Receivables 495,788 Fund Balance Reserved for Construction 268,373 Reserved for Encumbrances 3,849,327 4,117,700 TOTAL AVAILABLE RESOURCES $ 4,117,700 TOTAL CLAIMS ON RESOURCES $ 4,117,700 STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE For the seven months ended April 30,2002 per General Ledger Actual _ To Date Revenues 425,049 Expenditures 3,732,456 Excess(Deficit)Revenues Over Expenditures (3,307,407) Fund Balance Beginning Fund Balance 7,425,107 Ending Fund Balance $ 4,117,700 FUNDING SUMMARY April 30,2002 Project Balance Funds Available(On Hand/Receivable) $ 4,117,700 Available from TxDOT 3,906,436 Available from TIFF _ Required(Future) 1,626,703 Total $ 9,650,839 32 City of Beaumont STREETS AND DRAINAGE IMPROVEMENTS PROJECT EXPENDITURE REPORT April 30,2002 Current Project Expended Project Budget To Date Balance(1) EXPENDITURES Major Dr(Hwy 105 to Hwy 124) 4,000,000 1,741,482 2,258,518 Concord II(Helena St.to RR) 9,150,000 6,811,126 2,338,874 Concord III(RR to East Lucas) 5,310,000 4,259,987 1,050,013 Neches River Hike&Bike Trail 3,400,000 376,445 3,023,555 Walden Road 6,569,100 6,543,616 25,484 Downtown Improvements 1,500,000 545,605 954,395 TOTAL EXPENDITURES $ 29,929,100 20,278,261 .9,650,839 (1) Total project balance includes actual outstanding purchase orders and future purchase orders necessary for completion of projects. Actual purchase orders as of April 30,2002 were$3,849,327. Project Highlights Relocation of utilities and purchase of rights-0f--way on Major Dr from College to Hwy 124. The citys portion is estimated at$800,000;the state will reimburse other costs up to total project cost of$4M. Engineering, land acquisition and construction costs for the widening of Concord Road from I1-110 to Hwy 105. Construction of a Hike and Bike Trail from Riverfront Park to Collier's Ferry Park. The City's portion is estimated at$900,000;the state will reimburse other costs up to the total grant amount of$2.4M. Engineering and construction costs for the paving and drainage improvements on Walden Road from Hwy 124 to Major Dr. Improvements to downtown streets and sidewalks in conjunction with the Crockett Street Entertainment Complex, with funding from TIFF estimated at$500,000. 33 CITY OF BEAUMONT WATER UTILITIES IMPROVEMENT FUND BALANCE SHEET April 30,2002 AVAILABLE RESOURCES CLAIMS ON AVAILABLE RESOURCES Assets Liabilities Cash $ 4,005,643 Accounts Payable $ 459,700 Receivables – Due to Other Funds -- 4_5_9,_700_ Fund Balance Reserved for Construction (12,502,814) Reserved for Encumbrances 16,048,757 - 3,545,943 TOTAL AVAILABLE RESOURCES $ 4,005,643. TOTAL CLAIMS ON RESOURCES $ 4 005,643. STATEMENT OF REVENUES,EXPENSES AND CHANGES IN FUND BALANCE For the seven months ended April 30,2002 per General Ledger Actual To Date Revenues $ – Expenses 13,796,286 Excess(Deficit)Revenues Over Expenses (13,796,286) Fund Balance Beginning Fund Balance 17,342,229 Ending Fund Balance $---3.W-943. FUNDING SUMMARY April 30,2002 Project Balance _ Balance to Complete Existing Projects $ 41,273,939 Funds Available(On Hand/Receivable) 3,5451943 Funds Required to Complete Existing Projects $ 727,996 34 CITY OF BEAUMONT WATER UTILITIES IMPROVEMENT FUND PROJECT EXPENSE REPORT April 30,2002 Project Expended Project Estimate To Date Balance EXPENSES Construction Projects Water Supply Study Phase II $ 1,831,450 1,239,525 591,925 Prison Sewer Force Main 1,460,500 1,390,692 69,808 Water Line Replacement 3,000,000 990,135 2,009,865 Dowlen Rd Sewer Int Rehab 2,771,600 1,790,779 980,821 11th St Sewer Int Rehab 2,758,500 912,678 1,845,822 Gmd Storage Tank-Pine St 7,828,500 3,762,500 4,066,000 Water Meter Relocation 900,000 193,924 706,076 Entertainment Complex 365,000 292,408 72,592 Sewage Treatment Plant 2,720,000 441,778 2,278,222 Tyrrell Park Rd Sewer Int 1,007,900 812,419 195,481 Langham Facility Improv 700,000 652,006 47,994 Loeb Water Tank Rehab 646,100 265,303 380,797 Lawson Raw Water Line 4,000,000 2,656,852 1,343,148 Lawson Pump Station 3,700,000 1,206,678 2,493,322 Water Plant Expansion 14,000,000 209,931 13,790,069 Digester Conversion 1,400,000 251,250 1,148,750 Lawson Rd/Bank Stabilization 1,395,000 558,976 836,024 E Lucas Sewer Interceptor 2,950,000 69,959 2,880,041 Central Trunk Line 5,500,000 _ 44,732 _5,455,268 Total Construction 58,934,550 17,742,525 _41,192,025 Line Relocations Concord Rd Phase II 780,500 736,172 44,328 Concord Rd Phase III 206,000 168,414 37,586 Total Relocations _ _986,500 _ 904,586 __ 81,914 TOTAL EXPENSES $ 59,921.050 18.647.111_ -41 Z73,939 Water Supply Study Phase q is for the construction of a 5-million gallon clearwell and high service/backwash pump station at the water treatment plant and improvements to the Lawson's canal pipeline and pump station. The Prison Sewer Force Main,constructed in 1990, has reached its maximum carrying capacity. An additional force main is needed to provide service to the prison complex. This initial estimate is for the design phase. The Water Line Replacement project will replace city wide water tines that are in very poor condition. The Dowlen Rd&11th St Sewer Int Rehab projects will restore the structural integrity of the interceptors and capture the lost carrying capacity. These projects will also reduce the bad at the sewage treatment plant by reducing inflow. The Pine St Ground Storage Tank project is for the demolition and rebuilding of the ground storage water tank at the water production plant on Pine St. The Water Meter Relocation project is for Phase I of the relocation of alley meters to street r.o.w.'s. The Entertainment Complex project involves extensions of water mains to support the SETEX Entertainment Complex. The Sewage Treatment Plant improvements are for the replacement of the electrical and control systems. The Tyrrell Park Rd Sewer Int Rehab project will rehabilitate the interceptor and replace manholes. The Langham Facility improvements are for the replacement of the roof on the main bldg,conversion of the parking shed into a machine shop,expansion of the parking lot,and additional storage area for materials and equipment. The Loeb Tank Rehab project provides for repairing and repainting the interior of the steel water storage tank. Line Relocations consist of water and sewer line relocations due to the Concord Rd street widening project Lawson Raw Water Line Phase I consists of installing 12,000 LF of 48"pipe to deliver water from L.awson's pump station to the water treatment plant. The Lawson Pump Station upgrade will increase delivery to 40 million gallons per day to the water treatment plant The Water Plant Expansion project will add 14 mgd additional capacity to the water treatment plant The Digester Conversion project will convert two anaerobic digesters to the aerobic system The Lawson Rd project will repair the road leading to the pump station and stabilize the river bank. $1 m funded by MRCS. The E Lucas sewer interceptor will be rehabilitated. it was constructed in 1953. The Central Trunk 54"diamater line will be rehabilitated. It was constructed in 1954. 35 U . �. . . \/ � ,\ 4 2 ` p OCash & investments O CITY OF BEAUMONT STATEMENT OF CASH POSITION April 30,2002 Current Prior Increase/ Year Year (Decrease) Balance' Balance' FY 2001-2002 BALANCES CLASSIFIED BY FUND General Fund 16,487,469 16,409,185 78,284 Hotel Occupancy Tax Fund 338,455 362,114 (23,659) Municipal Airport Fund 13,429 38,686 (25,257) Texas Motor Carrier Violation Fund 16,755 15,467 1,288 Municipal Court Security Fund 102,177 66,269 35,908 Municipal Court Tech Fund 273,535 162,360 111,175 Miscellaneous Grant Fund 5,240 (18,716) 23,956 ISTEA Grant Fund - - - Police Grant Fund (140,047) (207,033) 66,986 Tax Increment Financing Fund (56,498) 350,926 (407,424) Health Grants Fund (199,495) (149,703) (49,792) C.D.B.G. Program Fund 70,070 (16,726) 86,796 Shelter Plus Care Grant Fund (9,097) (1,845) (7,252) Emergency Shelter Grant Fund - (45,595) 45,595 Home Fund (100,809) (78,835) (21,974) Revolving Loan Fund 154,627 126,455 28,172 Rental Rehab Fund 884 173,472 (172,588) Library Grants 11,848 (16,106) 27,954 HUD Sec 108 Loan Fund 3,471,339 6,745,720 (3,274,381) Confiscated Goods Fund 1,039,049 1,508,970 (469,921) Local Law Enforcement Bg Fund 526,163 622,964 (96,801) Weed&Seed Fund (8,963) (69,765) 60,802 Street Maintenance Fund 1,178,387 1,960,122 (781,735) Fire Training Grounds Fund (46,565) 4,371 (50,936) Transit Fund (751,404) (752,312) 908 Debt Service Fund 3,834,983 3,565,199 269,784 Water Utilities Fund 4,388,530 5,295,111 (906,581) Solid Waste Fund 2,677,335 3,852,153 (1,174,818) General Improvements Fund 184,210 235,292 (51,082) Street and Drainage Improvement Fund 3,621,912 1,927,980 1,693,932 Water Utilities Improvement Fund 4,005,643 21,080,705 (17,075,062) Capital Reserve fund 1,481,703 767,159 714,544 Fleet Maintenance Fund 405,194 362,217 42,977 Employee Benefits Fund 1,717,016 1,815,601 (98,585) General Liability Fund 900,145 1,272,736 (372,591) 'Reflects general ledger(book)balances and may differ from investment report due to uncollected items or items in transit. (continued) 38 CITY OF BEAUMONT STATEMENT OF CASH POSITION April 30,2002 (continued) Current Prior Increase/ Year Year (Decrease) Balance" Balance' FY 1999-2000 BALANCES CLASSIFIED BY FUND Julie Rogers Trust Fund 222,372 213,969 8,403 Tyrrell Historical Trust Fund 22,407 21,560 847 Expendable Trust Fund 176,704 187,289 (10,585) Library Trust Fund 121,250 114,484 6,766 Library Endowment Trust Fund 24,630 24,679 (49) Payroll Fund 526,581 505,449 21,132 Historical Fire Museum Trust Fund 8,735 9,605 (870) TOTAL ALL FUNDS 46,695,899 68,441,633 (21,745,734) BALANCES CLASSIFIED BY FINANCIAL INSTITUTION Petty Cash 13,067 12,717 350 Wells Fargo — — — Hibernia National Bank 574,533 4,411,967 (3,837,434) TOTAL CASH 587,600 4,424,684 (3,837,084) Texpool 4,197,980 21,021,491 (16,823,511) Logic Investment Pool 11,317,799 4,018,547 7,299,252 TexasTERM Investment Pool — 6,000,000 (6,000,000) Fidelity Treasury Money Market Fund 3,471,278 6,878,737 (3,407,459) Agency Securities (book value) 24,121,814 6,101,146 18,020,668 U.S. Treasury Bills (book value) — — — U.S. Treasury Notes (book value) 2,999,428 19,997,028 (16,997,600) TOTAL INVESTMENTS 46,108,299 64,016,949 (17,908,650) TOTAL CASH AND INVESTMENTS 46,695,899 _ 68,441,633 _ (21,745,734 'Reflects general ledger(book)balances and may differ from investment report due to uncollected items or items in transit. (concluded) 39 CITY OF BEAUMONT SCHEDULE OF INVESTMENT POSITION April 30,2002 Face Principal Book Unrealized Amount Invested Value Earnings CONSOLIDATED INVESTMENTS U.S.Treasury Notes 3,000,000 2,998,594 2,999,428 17,608 Agency Securities 24,000,000 24,213,220 24,121,814 198,681 Overnight Investments• Hibernia National Bank 1,151,049 1,151,049 1,151,049 62 Logic Investment Pool 10,888,486 10,888,486 10,888,486 566 TexPool 3,295,203 3,295,203 3,295,203 166 42,334,738 42,546,552 42,455,980 217,083 RESTRICTED INVESTMENTS•' Overnight Investments' Hibernia National Bank 878,559 878,559 878,559 47 Logic Investment Pool 429,313 429,313 429,313 22 TexPool 902,777 902,777 902,777 45 Fidelity Treasury M M Fund 3,471,278 3,471,278 3,471,278 4,235 5,681,927 5,681,927 5,681,927 4,349 48,016,665 48,228,479 48,137,907 221,432 ' Reflects collected balances at month end. Will vary slightly from general ledger balances due to items in transit. Includes Debt Service Fund, and Prior Lien Interest 8 Sinking Fund. 40 CITY OF BEAUMONT SUMMARY OF INVESTMENT POSITION AND INTEREST INCOME April 30,2002 INVESTMENTS BY TYPE Face Amount Percentage U.S.Treasury Notes 3,000,000 6.25% Money Market Funds and Pools 18,987,057 39.54% Agency Securities 24,000,000 49.98% Bank Deposits 2,029,608 4.23% 48,016,665 100.00% Current Year Prior Year Weighted Average Yield of Portfolio 2.786% 5.357% Weighted Average Maturity of Portfolio 247 95 INVESTMENT MATURITY SCHEDULE Face Amo-unt. Percentage Less Than 3 Months 23,016,665 47.93% 3 Months To 6 Months 0 0.00% 6 Months To 9 Months 2,000,000 4.17% 9 Months To 12 Months 6,000,000 12.50% 1 Year to 2 Years 17,000,000 35.40% 48,016,665 100.00% INTEREST INCOME Increase/ - Current Prior (Decrease) Year Year FY 2001-2002 Total Unrealized Earnings 221,432 476,795 (255,363) Realized Interest Income _ _771,898 — 1,819,213 (1,047,315) Total Earnings 993,330 2,296,008 1,302,67� 41 CITY OF BEAUMONT SCHEDULE OF PURCHASES,SALES AND MATURITIES April 30,2002 SCHEDULE OF PURCHASES Purchase Face Principal Date Description Amount Invested 04/01/2002 Logic 04/30/2002 3,500,000 3,500,000 3,500,000 3,500,000 SCHEDULE OF SALES AND MATURITIES Purchase Face Principal Date Description Amount Invested Sale Price 01/25/2001 FHLMC 04116/2002 2,000,000 2,037,756 2,000,000 04/01/2002 Texpool 04/30/2002 3,000,000 3,000,000 3,000,000 04/01/2002 Logic 04/30/2002 1,000,000 1,000,000 1,000,000 6,000,000 6,037,756 6,000,000 Summery Of.S—a e�-And Maturities YearT"aW Current Year Prior Year Average Holding Period Yield 6.006% 5.877% Market Gain/(Loss) _ _ 42 CITY OF BEAUMONT SCHEDULE OF COLLATERAL April 30,2002 Face Market Total Description Amount Value_ Investments' HIBERNIA NATIONAL BANK FHLMC 6.500 03/01/14 CUSIP#31294JV47 3,011,536 3,020,917 FNMA 6.49411/01/28 CUSIP#31382LPL4 621,977 611,582 FNMA 6.500 08/15/04 CUSIP#31359MEX7 1,000,000 1,061,563 FDIC _ 100,000 100,000 4,733,513 4,794,062 2,236,299 ' Reflects ledger balances at month end for the purpose of evaluating pledged collateral. 43 COMPARATIVE FINANCIAL ANALYSIS Total Revenues at 04130 $50 i $40 '- ................................. .. I ; $30 a ........................... ..........................................................._ . ........... ..... ... ............. $20 I , ...................................................................................... ... . $10 $0 General Water Solid Waste Fund Fund Fund au 1999 ❑ 2000 ❑ 2001 0 2002 I Total Expenditures At 04/30 $50 .................... ......................... ... ............................... . . . . . ....... .........� I I . . .......................... . . . ..... . $40 . ........... .... .. ............... .. ............. ...... .......... . ... ... ....................._................... _.. ... .. ......................................................... _o .................. $20 - ............................. ........ ......... ...... .............. ............. .......... .... ...... .. ... ..... .. ...... . .. .... . . ....... $10 ............ I $0 - -- General Water Solid Waste Fund Fund Fund ---uii 1999 D2000 ❑ 2001 E, 2002 I Fund Balance At 04/30 $20 — .... . .......................... . ................................ .. . .... ....... .. ......... . . ........................ . .... ................ $15 .................... . .. . ................ ................... ............................ .... .. ........................... . ................. ......................... ................................. ............................ o $10 ................. ................. ......................................... $5 ............. $0 General Water Solid Waste Fund Fund Fund N 1999 2000 112001 0 2002 Fiscal Year End Fund Balance $10 .... ...... ... ._................. ... .. ........ ...... ... _ .................. ..{ ............ ..................... .......... . .................................. _ $6 o - __...._........._.......... — ......................... $a :fi....... ....... $2 _.__._... i $p General Water Solid Waste Fund Fund Fund J® 1999 Actual ❑ 2000 Actual ❑ 2001 Actual 0 2002 Projected) D Z LL W U OC W Cl) H m W O DEBT SERVICE FUND Fund Balance Current tax rate dedicated to Debt Service c E 25 a 20 ..................................................................................................._..................................... W -- . 19.8% .... 19.6% a) i 15 .....I 18.5°6 ...... 17.1% ..... 18.0% i..... I...... ....y ...... ....... ,.- 5 m 2002 2003 2004 2005 2006 a Fiscal Year The financial policies indicate 20% of debt service requirements as an adequate level of fund balance reserves. The level estimated for fiscal year end 2002 is 18.5%. This is projected to decrease to 17.1% in FY 2003. The amount required to elevate the fund balance to the 20% policy level is approximately $380,000 which is equal to one cent of property tax. The implementation of the administration's Stormwater Utility proposal would create the capacity in the General Fund to shift a portion of the dedicated tax rate from the General Fund to the Debt Service Fund. Assumptions from the Long Range Financial Plan used in this presentation: Issue $9M in Certificates of Obligation late FY 2002 Assessed value (AV) growth of 3% in FY 2003 Issue $8M in Certificates of Obligation late FY 2003 Assessed value growth of 2.5% in FY 2004 through FY 2006 HUD SECTION 108 PROJECTS STATUS OF SECTION 108 PROJECTS In 1998, the City of Beaumont received approval of Section 108 funding in the amount of $11,000,000 from the Department of Housing and Urban Development. The Section 108 Program is a loan guarantee provision of the Community Development Block Grant (CDBG) Program whereby municipalities can borrow up to five times their annual CDBG allocation. The$11,000,000 loan will be repaid by the City and project developers over a 20-year period. Crockett Street- The Beaumont City Council approved a Section 108 loan for the Crockett Street project in the amount of $3,000,000 in August, 1998. The total project cost is estimated at $10,000,000. The project is the redevelopment ofthe"Dixie Street"commercial block in downtown Beaumont. .The developers plan to redevelop the two-story historic storefront buildings into a combination of entertainment, eating, and drinking establishments. Approximately 300 permanent jobs would be created upon completion of the project. Four(4) of the eleven(11) planned venues are currently open. Hotel Beaumont Retirement Home - The Council approved a request from the National Development Council(NDC) for Section 108 funding in the amount of$3.175 million($2.0 million loan and $1.175 million grant) in December, 1998. The NDC has completely renovated the Hotel Beaumont, located at 625 Orleans Street. The total project cost was $7,495,000. The project is 100% complete. Jefferson Theatre- Council approved Section 108 funding in the amount of$2,000,000 (grant) in September, 1998. The Theatre will be restored as close as possible to its original design. In 1996, a concentrated effort was initiated to mobilize over 150 civic leaders and area citizens to undertake a comprehensive planning process and capital campaign with a goal of raising$3,000,000 in addition to the $2,000,000 grant from the City. Construction should commence in June, 2002 after final survey and title work is completed. Theodore R.Johns, Sr.Branch Library-Council approved Section 108 funding in the amount of $1,825,000 for the construction ofa new library,the Theodore R.Johns,Sr. Branch. The new library will replace an outdated facility,the Spindletop Branch,currently serving the south end of Beaumont. The building will be approximately 12,000 square feet on a five-acre site at the intersection of State Highway 124 (Fannett Road) and Sarah Street. The Theodore R. Johns, Sr. Library will open on June 6, 2002. L.L. Melton YMCA - Council approved Section 108 funding in the amount of$1,000,000 (grant) for the renovation of the L.L. Melton YMCA and the construction of new facilities. The Melton has also received an Economic Development Initiative(EDI) from Congress in the amount of$500,000 to assist in the development of the project. The City Council will have a work session in June to discuss a proposal from the National YMCA. CO 3 w z 0 a m Cl) 3: W Z D O O CMD Good News/Bad News FY 2002 Good News • Industrial Payments Exceed Budget FY 2002 • Higher than Expected Fund Balance • Personnel Cost Savings • Building Permits Growth • Increased Employee Safety - Containing Worker's Compensation Costs • Fire Training Center Progress Report Bad News O Industrial Payments FY 2003 O Proposed Expansion of Sales Tax Holiday O Rising Cost of Property Insurance O Appraised Values Lower than Expected O Sales Tax Receipts O Increased Transit Operating Costs GOOD NEWS Industrial Payments Exceed Budget FY 2002 In addition to renegotiated industrial district contracts,several new companies entered into agreements with the City. These new contracts brought in approximately$400,000 in new revenue. Additionally, in consideration for de-annexing a piece of property near their facility,the ExxonMobil agreement was negotiated at a lower percentage for the first years of the agreement and included an additional one time payment of approximately$280,000 in FY 2002. Higher than Expected Fund Balance Although not a significant increase, the FY 2002 beginning fund balance was $241,000 higher than budgeted projections. No one category significantly contributed to this increase, however it did include$65,000 in FEMA reimbursements related to tropical storm Allison. This, combined with the industrial payment windfall received in FY 2002, has the projected year end fund balance equal to 9.1% of expenditures rather than the 8% level originally budgeted. Financial policies dictate 8 - 10% as an adequate level of Fund Balance. Personnel Cost Savings Reflecting the efforts of the past three fiscal years, the administration is continuing its commitment (as attrition allows) to eliminate under-utilized positions from the budget. Since a substantial number of reductions were made in these prior years, a smaller budget impact will be realized in FY 2002. As positions are cut, the tasks assigned to those jobs are distributed among other employees. In those instances where job reclassifications are not warranted, the persons assigned those additional duties are considered for a pay increase commensurate with the amount of work and added responsibility that they assume. In addition to salary savings from eliminating jobs, the cost of benefits is also saved. The person assuming additional duties is already a participant in the City's benefits program, therefore the City is able to save on average 30% of the salary amount for each position eliminated. Fiscal year to date a total of eight positions have been designated as "Will Not Be Filled" in the General Fund for a total savings amount of $303,000. Eliminating these under- utilized positions minimized the budgetary impact resulting from the two additional positions required to staff the new Johns Branch Library.The net effect of these personnel modifications was a savings of$233,300. In the Hotel Occupancy Tax Fund for FY 2002 one position was eliminated and one added for a net cost of$10,800. Since July 1999 the administration has eliminated 42 under-utilized positions with a value of $1,981,500. These eliminations generated the capacity to add 44 positions which included 10 paramedics (seven of which staffed a fifth ambulance unit)and a construction management team of 10 to oversee the $55M water system rehabilitation program currently underway. The net savings across all funds related to these personnel adjustments is $529,300 with $512,600 being in the General Fund. Building Permits Growth In October 1999, the building, electrical, plumbing, gas and mechanical permit fees were increased to reflect the fee schedule in Appendix"B"of the 1997 Standard Building Code. The new permit fee schedule became effective on December 1, 1999. The Fiscal Year 2001 anticipated revenue from permit fees was $671,000. Actual revenue from building related permit fees in Fiscal Year 2001 was $925,170. The total anticipated revenue in Fiscal Year 2002 from building related permit fees were estimated at $807,000. With fifty-eight (58) percent of the fiscal year complete, approximately$669,650 in revenue has been generated from building related permit fees. It is anticipated that the total amount of revenue generated from building related permit fees for Fiscal Year 2002 will total $1,144,000. This represents a forty-four (44) percent increase in anticipated revenue. A breakdown by permit type reflecting the budgeted revenue amount,the revenue to date and the year end revenue estimate is provided below for Fiscal Year 2001 and Fiscal Year 2002. Fiscal Year 2002 Bui ding Related Permit Revenue Estimated Year Permit Type Revenue Estimate Revenue to Date End Revenue Building $300,000 $310,000 $530,000 Electrical 50,000 26,800 45,000 Plumbing 20,000 22,800 39,000 Gas 7,000 4,050 7,000 Mechanical 30,000 25,000 43,000 Other* 1 400,000 281,000 480,000 Totals $807,000 $669,650 $1,144,000 Fiscal Year 2001 Building Related Permit Revenue Permit Type Revenue Estimate Year End Revenue Building $250,000 $469,651 Electrical 55,000 37,797 Plumbing 30,000 28,445 Gas 6,000 7,548 Mechanical 30,000 28,249 Other* 300,000 1 353,480 Totals $671,000 $925,170 *Misc. Permits for Signs, Oil Wells, Fire Alarms, Sprinklers, Swimming Pools and Driveways Increased Employee Safety - Containing Worker's Compensation Costs Based on Best Practices as reported in Workers Compensation and Human Resources publications, an aggressive program which monitors the safety of the work environment, trains and rewards employees; as well as actively seeks out the best care for injured workers, serves as the most effective cost-containment program in which an organization can invest. In the past,the City's Safety Pays program rewarded departments whose employees have achieved an inordinate number of work weeks without an accident and/or individuals who demonstrate success from a new personal health regime. Beginning in January, 2002, a new program was initiated to reward individual and team efforts to improve health and safety. This program, called the "Goodwill Games", has events that are scheduled throughout the year. These activities include: health screens and meetings, golf, bowling, basketball, billiards, board games(checkers, dominos, backgammon), volleyball, softball, tennis, turkey shoot/archery tournament, aerobics marathon, table tennis, weight lifting, bingo, and a fishing tournament. As a self-insured municipality, the City is entitled to submit a notice of subrogation for any settlement made with an injured City of Beaumont employee from a third party that is responsible for the injuries. As in the past, during fiscal year 2002,the City is aggressively seeking out opportunities to recoup a portion of its Worker's Compensation costs through subrogation. A combination of subrogation efforts and refunds resulted in payments back to the Workers' Compensation account in the amount of$146,295. Fire Training Center Progress Report FY 2002 is the second year of the Training Center's five year strategic action plan. The goals for the facility included: ♦ addressing safety concerns at the BASF, Industrial Complex and Pressure Manifold projects; ♦ avoiding potential environmental problems due to leaks at the Storage Tank project; ♦ classroom renovations at the Rescue and Sprinkler Systems projects; ♦ upgrading the flow capacity from the north sump to the separator system; ♦ refurbishing instructor sheds and piping on the south side of the fire field. The secondary stairway at the BASF project was determined to be too steep posing a tripping hazard. The stairway was rebuilt to conform to OSHA standards. A center railing was installed on the Industrial Complex project to insure the safety of students entering the project's stairways.A solution to the slipping hazards created by algae formation at the Industrial Complex and Pressure Manifold projects has not been determined to date. Leaks in the bottom of the Storage Tank project placed it out of service for environmental reasons. Williams Fire and Hazard Control, Inc. adopted the Storage Tank project and funded the$8,250 refurbishment of the tank bottom to correct the problem.The project was placed back in service in March, 2002. The old "Dome Room" was converted into a second classroom at the Rescue Project. Improvements included correcting a water seepage problem into the room during periods of heavy rain by installing a french drain, rebuilding the pea gravel rappelling pad, and adding fresh paint, window coverings and audiovisual equipment. Other classroom renovations include demolition of the systems cubicles in the Sprinkler building to convert the space to an additional classroom.The demolition was completed in February, and with available funding, renovations will begin this summer. The addition of the BASF project last year has increased the water flow to the north sump. To handle the additional flow, larger 6" sump pumps are being installed. The system will be hard piped from the sump to the separator and will require upgraded electrical systems to accommodate the larger pumps. A vault across the back road is being constructed and installation of the pipe supports have been completed. The project is scheduled for completion in June, 2002. The instructor sheds and piping have been refurbished on the South side of the fire field. Piping is being sandblasted and painted, and the Instructor Sheds have new metal roofs and chalk boards. Piping is now color coded to indicate the type of fuel or water running through the lines. Marking of the valving will occur this summer. BAD NEWS Industrial Payments FY 2003 Due to the one time payment received from ExxonMobil in FY 2002, industrial payments are projected to decline by 2.62% or $322,000 in FY 2003. This assumption includes an approximate increase in assessed value of 2% applied to all industries. Industries in Beaumont, along with others across the United States, have felt the impact of a declining economy that was exacerbated by the events of September 11, 2001. Administration remains optimistic that these companies will hold steadfast during these trying times and assessed values will not be adversely impacted. Proposed Expansion of Sales Tax Holiday The State of Texas is once again considering increasing the types of items exempt from taxation and the number of days of the sales tax holiday. Although specific information is not available relative to the amount of revenue lost during the holiday, an expansion of the holiday is expected to have a negative impact on an already struggling revenue source. Rising Cost of Property Insurance A 150% increase in the premium for property insurance was not expected last budget year but due to unexpected events during the past year, the City, like all other policyholders, must bear the burden of increased premiums. Nationwide increases in cost for insurance began in early 2001 because of a declining stock market. In June 2001, Tropical Storm Allison caused extensive damage in the Gulf Coast region and millions of dollars in insurance claims. The insurance market incurred billion dollar losses after the destruction of the World Trade Center.All of these factors are negatively affecting insurance rates for both the public and private sector. Property insurance for City facilities includes fire,flood and windstorm protection.The total building value is approximately $103,069,932. Deductibles were increased last year to reduce cost and are currently $100,000 for fire and flood and $250,000 for windstorm. The new policy, provided by the Texas Municipal League Intergovernmental Risk Pool, is for a one year period that began May 1, 2002. The total cost is $359,009, an increase of $217,460 from the previous year's policy. Appraised Values Lower than Expected Preliminary 2002 appraised values were received from the Chief Appraiser May 15, 2002. Net appraised value after applying exemptions and abatements is $3,984,789,183. This is an increase of 1.95% over the 2001 certified tax roll. It is important to recognize that this is only a preliminary estimate. The appraisal records will be reviewed by the appraisal review board and they will hear and determine all tax payer protests on these values. Once the appraisal review board process is complete, the final roll will be certified by July 25, 2002.A five year average shows the July 25'certified roll, after disputes are resolved, is approximately 1% less that the preliminary value. If this holds true for this tax year, the increase would be reduced to about 1%. The Long Range Financial Plan projected an increase of 3% in appraised values. The impact of the actual preliminary values to the General and Debt Service Funds will be a reduction in projected revenue, including the allowance for disputed values, of approximately $250,000 in each fund. Approximately $0.0131 of property tax would be required to generate this additional $500,000 required in both funds. An FY 2003 penny equals $380,000. Sales Tax Receipts As of May 2002 sales tax revenue received year to date is $15.8 which is $228,000 or 1.4% below budgeted levels. April and May collections were less than 1% higher than the same periods last year and February and March were 1.4% and 8.5% below. Administration is cautiously optimistic that future collections will be representative of the economic growth being experienced throughout the City. Increased Transit Operating Costs Operating costs for the Beaumont Municipal Transit system have increased due to fuel costs, age of the fleet and employee wages. The FY 2002 budget provided, through a transfer from the General Fund, an operating subsidy of $767,500 as well as $250,000 for capital match. At the time the FY 2002 budget was prepared, the state subsidy was estimated at $420,000, however the final contract amount was $525,000. The budget reconciliation plan implemented in FY 2002 included reduced operating hours in the form of longer mid-day head times and a fare increase of $0.25. The proposal to recover costs through charges to social service agencies amounting to approximately $100,000, has not been realized. Revised projections indicate potential under-funding of approximately $100,000. This deficit, if realized, would be recovered through an increased transfer from the General Fund. ALTERNATIVE COURSES OF ACTION 2002 BUDGET SUMMIT FINANCIAL AND BUDGETARY CHALLENGES In order to meet the increasing challenges of reduced or limited funding and increased citizen expectations for service, the City is exploring ideas to reduce cost, generate revenue and increase service quality. It is important to match the taxes and fees that the public is willing to pay with the cost of services that the public demands. The Administration's efforts to Rightsize,as opposed to downsize,a service cost means having the right number of people with the right kind of skills and training, the right amount of supplies and just the right amount of physical plant and equipment to provide the service properly. "If you downsize,you're cutting costs but you're not fixing fundamental problems." - W. Edwards Deming Before any organization attempts to Rightsize its efforts, it should ask the following questions: • Does the activity fit the organization's strategic plan? • Does the activity produce more value for the customer than it consumes in resources? • If not, why is the organization doing this? Crucial to all downsizing or rightsizing efforts is deciding on what the organization does well. Rational resource allocation simply means putting scarce resources to good use. Government activity should produce more value than it consumes. "Unless we change our direction, we are likely to end up where we are headed." -Old Chinese Proverb To meet the financial challenges of FY2003, the City must consider changing the fundamental way government operates. This process of change involves new directions - • Empowerment of Neighborhoods in Decisions Allocating Resources • Ensure Competition In Service Delivery • Government Focus on Mission/Values • Results-Oriented Government — Funding Outcomes, Not Inputs • Meeting the Needs of the Customer, Not the Government • Creating Revenue Rather Than Spending Opportunities • Anticipate — Focus on Prevention Rather Than Correction • Increased Employee Participation and Teamwork The City needs to move beyond the basic improvement of an existing process. What must occur is a fundamental change to an existing process or eliminating it totally. Therefore, Council and Administration must provide the necessary leadership if significant changes are to be made to provide the most efficient and cost effective services to our customers. A process to analyze service effectiveness provides Council with various policy options: • Provide services differently or at a different service level • Raise revenue (fees and/or taxes) • Ask for understanding for a declining City and reduced service levels An Administrative analysis of services and programs provides significant cost savings for the long-term financial stability of the City by: • Determining services to be eliminated • Identifying subsidies to be reduced or discontinued • Determining appropriate service levels focusing the organization on mission, encouraging an entrepreneurial spirit throughout the organization COMPETITIVE GOVERNMENT INJECTING COMPETITION INTO SERVICE DELIVERY • Most obvious advantage of competition is greater efficiency or more bang for the buck. • Competition forces public or private monopolies to respond to the needs of their customers. • Competition rewards innovation; monopoly stifles it. • Competition boosts the pride and morale of public employees. • Competition must be carefully structured and managed, if it is to work...unregulated markets generate inequity. PRIVATIZATION TECHNIQUES Service Shedding. A form of total privatization in which government stops providing a service entirely. Contacting Out. The City contracts with a private organization, for profit or nonprofit, to provide a service. Public-Private Competition. Public in-house units compete against private firms to provide a public service. Franchise. A private firm is given the exclusive right to provide a service within a certain geographical area for a limited time. Vouchers. Government provides individuals with certificates redeemable for purchase of a good/service on the open market. Subsidy. The producer of the service is subsidized by the government contributing financially or in-kind to a private organization to reduce the cost of private provision of service to consumers. Internal Markets. Government departments are free to purchase services from either the private sector or internal support units. Asset Sale or Lease. Government sells assets such as airports, utilities or real estate to private firms, thus turning physical capital into financial capital. Volunteers. Volunteers are used to provide all or part of a government service. Self-Help. Community groups and neighborhood organizations take over a service or government asset such as a local park. Private Infrastructure Development. The private sector builds, finances and/or operates infrastructure such as roads and airports, recovering costs through user charges. Deregulation. Government regulations are eliminated to allow private providers to compete against a government provider; for example, allowing firms to compete with the U.S. Postal Service. The following are critical activities to support a process of financial renewal and revitalization: • Create a mission and shared vision of the community and organization. • Embrace the primary values of the organization. • Mayor/Council sets strategic goals and objectives. • Mayor/Council sets priorities and eliminates programs that do not support the mission of the City. • An effort is made to reduce organizational layers as part of streamlining the administration. • All non-essential work that does not provide value to the customer is eliminated through improving work processes. • Implement a quality improvement/customer service perspective. • Emphasize performance measures for all services areas. • Explore alternative service delivery approaches. • Create meaningful opportunities for citizen involvement. • Communicate the results of the process to the organization employees and community. • Celebrate the success achieved! ORGANIZATION GUIDELINES • Is it the right thing for the community and organization? • Is it the right thing for the department? • Is it ethical and legal? • Is it something you are willing to be accountable for? • Is it consistent with the organization values and policies? When the answers to all ofthe above questions are yes,the guidelines state"just do it"without asking for permission or forming a committee to decide. This is direction that encourages employees to think; and when employees think, they can respond with flexible, innovative solutions and services for their customers. The funding strategies to be utilized focus on the following areas: • Preserve and enhance the capital improvements program and planning process. • Commit to not substituting City funding for reductions in state or federal funding programs. • Reduce personnel positions by attrition when feasible. • Identify best practices through benchmarking- search for best practices that lead to performance;and become the standard against which the local government compares itself. • Survey citizens to understand demands and expectations for service. • Emphasize user fees as opposed to increase in taxes. • Maintain a reasonable fund balance. • Develop productivity initiatives and gain-sharing with departments that are successful in reducing costs while maintaining or increasing service quality. • Initiate a trust fund to encourage and facilitate private sector donation. • Institute an aggressive program to procure federal/state grants to address identified priorities to the City. "The only person who likes change is a wet baby." -Roy Z.M.Bliurr There are other important aspects to an improvement process that Mayor and Council need to consider prior to a major commitment. • To be successful,long-term financial forecasting and planning is essential. However, unexpected and unpredictable events can and will occur to impact any forecast no matter how well prepared. • The Mayor, City Council and Administration need to commit to the process and its potential outcome. • A major improvement process can't be accomplished in one or two years.It is a long- term commitment and a basic rethinking of the fundamental mission on how government provides service. • It is important to solicit community understanding and involvement as the process proceeds into reducing or eliminating programs and reviewing fees for services. • A commitment must be made to enhance volunteer programs and public/private partnerships in order to maintain existing levels of priority services. • A renewed commitment is necessary to education and training to lead and change the organization. • Sufficient time must be spent on communicating openly through focus groups, staff meetings,public forums,citizen newsletters and other strategic sources ofinformation that can be identified. "There is nothing more difficult to take in hand, more perilous to conduct... than to take the lead in the introduction of a new order of things." -Niccolo Machiavelli,"The Prince" IDEAS THAT SAVE COSTS AND INCREASE REVENUE/SERVICE QUALITY Mayor/Council and Administration are agents of change. Change requires a driving force and the most powerful change agent is financial stress. The City of Beaumont must make major changes in the operation of government if financial stability and quality services are to be continued. The implementation of a portfolio management tracking system to monitor taxes, water, sewer and other City assessments will result in increased revenues received in a more timely manner. The City should aggressively sell assets - land, buildings, equipment to the extent possible in order to turn underutilized physical capital into financial capital and produce tax benefits. Privatization of public services should be considered through a competitive process with City employees when contracting provides a clear advantage on cost savings and service quality. While the private sector can be an effective agent for delivering public services, the responsibility for providing services - determining the scope, level and conditions under which they are delivered remains with City officials committed to the public interest. Management improvement efforts many times focus on how to do unimportant things cheaper. Instead, as City leaders we should ask- "should we be doing this at all?" City government should limit activities to core functions and missions. Does the City activity/service provide more value for the customer than it consumes in resources? Is the service essential? Is the private sector already providing the service or if not, is it capable of doing so better than government? Does the program displace voluntary community or neighborhood networks? This approach must be applied to all service areas with the intent to eliminate activities that don't meet the criteria. The City Council and City Manager meet quarterly with the Beaumont Independent School District to discuss common issues and priorities. The Council and Manager also meet quarterly with the Chamber of Commerce and all Beaumont governmental entities for the same reason. Programs, services and taxpayer facilities should be identified for better coordination and use. For example, the City and BISD could expand use of joint facilities for recreational programs. Institute energy management program through public/private partnership to retrofit City facilities with capital costs paid from energy savings over time. Develop Government business opportunities to market products or services to other public agencies, e.g. the "webber" back-flow device for toilets. Solicit private sponsorship of public facilities such as the Civic Center. Proposals would be solicited from the business community for naming rights for an annual fee for a 20 year term. Use of Fund Balance to address revenue shortfalls or unexpected expenses. This is a short term solution that has negative consequences long term if the fund balance is depleted. Establish an employee incentive program to enhance morale,productivity and cost savings. The program will provide monetary incentives to employees exceeding departmental goals and budget targets. The program is based on the following: Incentive is based on performance measures through budgetary savings Incentive is not related to performance evaluation system It is department and program based not individual based Each department has a mission statement and performance measures; incentive comes if the department meets performance measures;partial accomplishments are recognized as well Capital outlays/improvements, insurance and professional fees are not included 50% of savings is returned to general fund, 50% is shared equally among employees generating the savings. Reduction in number of Fleet vehicles. Outsourcing City Internal Services. Elimination/Transfer of Service Responsibility. Adjust Service Levels. Discontinue or Reduce Subsidy of Programs/Services. Subsidize Transfer of Service. Encourage Volunteer/Non-Profit Participation in Service Delivery. Private Infrastructure Development. Establish Trust Opportunities for Private Donations. Improve Effectiveness of Collection Process of City Fees. ENGAGING CITIZENS IN THE BUDGET PROCESS Why should a city market their budget? • The annual budget process is an opportunity to dialogue with citizens regarding community goals and priorities and to create public support. How can the City involve the community in the budget process? • Neighborhood meetings • Citizen survey (PAFR distribution) • Website • Newsletter (water bill distribution) • Channel 4 (local government access) Relying on the public hearing process is in most cases "too little, too late" to involve a significant number of participants. It is desirable to inform and educate the public so that they might understand the "budget process" but this is often "one-way," not two-way communication. Focus of Public Discourse Informing Citizens Engaging Citizens One-Way Two-Way Telling/Selling Listening/Responding/Listening Education Learning Presenting Information Eliciting values,hopes, aspirations, concerns Discerning"Public Opinion" Promoting"Public Judgement" Citizen Participation FY 2003 Budget Jun 10 Budget Summit Aug 8 * Financial Improvement Team Aug 13 Submission to Council of Proposed Budget Aug 14 * Ward III - Martin Luther King Middle School Aug 19 '` Ward I - MCFeddill Ward HODS@ Aug 21 * Ward IV - Theodore Johns library Aug 26 * Ward II - Forest Park Methodist Church Sep 10 * Public Hearing - City Hall Sep 17 * Adoption of Budget, CIP, Tax Rate * Dates are tentative LONG -RANGE FINANCIAL PLAN j I i I I ' � City Of MinDont Texw I it'll..�___a_ ,.:rW.�s, M #A n fin wul- mm Plai ff 2 I 4 ' II affl I I �� M IL City of Beaumont April 1, 2002 To the Honorable Mayor and Councilmembers INTRODUCTION The Long-Range Financial Forecast, the Capital Improvement Program and the Annual Budget, combine to form the basis of the annual budget process for the City of Beaumont. The first report, the Long-Range Financial Forecast, is presented to Mayor and Council prior to April 1 each fiscal year. The forecast is prepared to assess the City's current financial condition and project that position ten years into the future utilizing current policies, trends and assumptions, while maintaining the existing levels of City services. The Capital Improvement Program and Annual Budget provide increasing levels of detail and analysis. The impact of the Long Range Financial Forecast will be reviewed during the 2002 Budget Summit mid May in preparation of the fiscal year 2003 Annual Budget. The City's fiscal year encompasses the period from October 1 to September 30. GENERAL GOVERNMENTAL FUNDS General governmental funds include the General Fund and Debt Service Fund. The General Fund accounts for the fundamental operating costs of most city departments. The Debt Service Fund is used to record the resources received to retire the outstanding debt obligations which are secured by taxes levied by the City. Finance Department • (409) 880-3789 • Fax (409) 880-3132 P.O. Box 3827 • Beaumont, Texas 77704.3827 General Fund Revenues The majority of revenues recorded in the General Fund are derived from Sales Tax, Property Tax, Industrial Payments and Gross Receipts Tax. The following illustrates the proportion of each source for FY 2002. General Fund Revenues by source 37.7% Sales and use tax 17.2% Property taxes 11.6% Other 17.3% Industrial payments 7.2% Utility in lieu 8.9%Gross receipts tax $70,953,500 The forecast of revenues is based on several assumptions. Sales and use tax is projected to increase slightly in FY 2002 to $26.8M which is the original budget amount. Administration has been reporting to Council monthly regarding this revenue source in light of the events of September 11. At this time it is expected that these revenues will be realized. The remaining years of the long range forecast project annual increases of two to three and one-half percent providing increasing additional revenue of between $500,000 - $1.1 M annually. Property taxes represent $12.2M of total General Fund resources, at a tax rate of $0.31 per $100 of assessed value. Estimates for this revenue source assume the potential for growth in assessed value at a range of 2.5% - 3%. Positive economic conditions related to the construction of several new retail centers, the Entertainment Complex and downtown improvements support increasing assessed values in future years. With no change in the tax rate proposed, revenues are estimated at $12.6M in FY 2003. This is an increase of 3% from FY 2002 estimates. The forecasted increase in assessed value will drive the increased property tax revenues for FY 2003. In fiscal years 2004, 2006, 2008 and 2011 the anticipated reduction in existing debt service requirements would allow for a reverse shift in the dedication of the tax rate from the Debt Service Fund to the General Fund. However, the issuance of$9M in certificates of obligation is proposed in the fall of 2002 to fund current and critical need projects. If authorized, a reverse shift from debt service would not be feasible until 2 fiscal year 2006 at which time one cent would equal approximately $425,000. Based on the assumptions of this plan, an estimated $0.045 would be available at that time. Industrial payments account for approximately $12.3M. The reduction of 2.5% for FY 2003 is a result of a one-time payment received from ExxonMobil in FY 2002. Current contracts were negotiated in FY 2002 and have a seven year term. The most significant contract is with ExxonMobil followed by duPont and Goodyear. These industries combine to provide 75% of the existing industrial payment revenues. The average growth rate for projections beyond FY 2003 is 2%, which like the property tax, is predicated on positive economic conditions and growth in assessed values. Gross receipts taxes (franchise fees), collected from utility companies operating within the City, are estimated at $6.4M for FY 2002, a decrease of 10.8%. This decrease is attributable to the return from extraordinary natural gas prices and higher usage during FY 2001. Based on current known conditions and trends, these revenues are projected to increase 2% annually for the foreseeable future. Entergy is the lead contributor of gross receipts tax and is the most sensitive to fluctuation. Utility rate reductions and lower usage directly impact the receipt of these taxes by effectively reducing the "gross receipts" on which the tax is based. Overall, an average 2.2% growth rate is projected for in General Fund revenues for the 10 years in this forecast. Total General Fund Revenues 100 80 ......................................_.............._................................................................... ... ... ... ....... 60 ... ... ... ... ... ....... c _o 40 ... ... ... ... ... ... ....... 20 ... ... _. ....... 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Fiscal year ®Sales and use tax w Property taxes ❑Industrial payments O Gross receipts tax ®Utility in lieu ❑Other 3 General Fund Expenditures The basic costs of operating the City are charged to the General Fund. These disbursements provide for Police; Fire; Public Works; Health, Culture and Recreation; Central Services; and General Government. Current assumptions maintain existing services at FY 2002 staffing levels, contractual salary increases for civil service personnel (estimated for fire civil service as contract is in negotiation) and an annual salary adjustment of 3% for civilians. For this report, funding limitations predicated the exclusion of future salary adjustments associated with the Classification Compensation plan which began in FY 2001. Transfers, reflecting those charges related to dependent healthcare, workers compensation, the cost of liability claims and lawsuits, facility renovation and the transit subsidy, are anticipated to increase $177,000 for FY 2002. This change reflects an increase of$229,000 for dependent healthcare and 180,000 for the transit subsidy. These increases were offset by decreases in the transfer to Capital Reserve of $200,000 and General Liability, $100,000. Future increases in this category are most significantly related to dependent healthcare which is projected to impact the General Fund by over $500,000 annually. Total expenditures are expected to grow an average of 2.5% annually throughout the projection period. General Fund Expenditures by category FY 2001 FY 2002 FY 2003 Actual Estimated Projected Wages $41,284,435 42,523,400 43,586,000 Benefits 8,520,202 9,094,400 9,252,900 Other Operating 14,028,657 13,483,700 13.536,000 Total Operating 63,833,294 65,101,500 66.374,900 Dependent Healthcare 4,080,259 4,309,500 4,903,500 Workers Compensation 822,000 895,000 901,000 Capital Reserve 500,000 300,000 300,000 General Liability 300,000 200,000 250,000 Transit Subsidy 845,000 _1,020.000 _1,200,000 Total Transfers 6.547.259 6,724,500 7.554,500 Total General Fund $70,380,553 71,826,000 73.929,400 4 Fund Balance For the fiscal year ending September 30, 2002, the City will maintain a fund balance in the General Fund of 9% of expenditures. It is projected, based on current assumptions, that by FY 2003, the level will fall seriously below the goal of 8-10% and end the year with a fund balance equal to 5.9% of expenditures. Using projected levels of revenues and expenditures, it is anticipated that the FY 2005 fund balance will fall into a deficit position. Storm Water Utility The creation of a Storm Water Utility to capture the rising costs associated with the Environmental Protection Agency (EPA) storm water runoff requirements continues to be considered a viable and prudent solution to this unfunded mandate. If implemented, approximately $2.6M in General Fund costs related to storm water would be recovered by a fee charged by the Storm Water Utility. This revenue source could effectively provide relief to General Fund resources which could then be directed to other uses. It would also serve to sustain General Fund fund balance at a level that is sufficient to meet policy guidelines. Debt Service Fund Expenditures The major source of revenue recorded in the Debt Service Fund is property taxes. Currently, a rate of$0.325 is applied to each $100 in assessed valuation. As noted in the General Fund discussion, the rate of growth for assessed valuation is estimated to range from 2.5% to 3% during the term of this forecast. In order to fund the ongoing Capital Improvement Program (CIP), debt issues of$9M in August 2002 and $8M August 2003 are proposed. The first issue would provide the resources to complete projects classified as current in the FY 2002 CIP and fund critical need projects. The next issue would allow for the continuance of the capital program. A dynamic document, the projects in the CIP are reviewed, prioritized and approved annually by Mayor and Council. Debt Service Requirements Existing and Potential 20 ............................................................................................................................................................................................. ...... 15 ' CO C O .. ........ .... ................... 01: 5 ?. 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Fiscal Year ED Existing Debt Service Requirements p Potential$9M-August 2002 ® Potential$8M-August 2003 5 The effect of debt service related to the proposed August 2002 $9M issue will be realized beginning FY 2003 with interest only payments projected for year one and two. The anticipated FY 2003 $8M issue is also projected with interest only payments in the first two years, beginning in FY 2004. The debt service policy calls for 20% of principal and interest requirements as an adequate level of fund balance. FY 2001 and 2002 are slightly below policy at 18% and 18.5% respectively. With no increase in the tax rate projected, fund balance will fall to 17.1% at fiscal year end 2003 specifically related to the anticipated 2002 $9M issue. Additional revenue of$200,000 in FY 2003 would be adequate to maintain the fund balance at the FY 2002 level of 18.5%. Equating to an increase in the tax rate of $0.005, this could be achieved by either increasing the total tax rate or shifting this amount from the dedicated General Fund rate. A $0.0005 increase will adequately provide for debt services payments related both issues addressed in this report. Based on these assumptions, the capacity exists to issue new debt or shift a portion of the tax rate dedicated to Debt Service to the General Fund in fiscal years 2006, 2008 and 2011. INTERNAL SERVICE FUNDS Internal Service Funds account for common charges to all departments. Risk management for claims and lawsuits are recorded in the General Liability Fund. The Employee Benefits Fund includes all health benefits, worker's compensation and unemployment charges. Equipment and vehicle purchase, as well as building renovations, are charged through the Capital Reserve Fund. These charges are recorded proportionately in individual departments, per employee or by equipment. The funding sources for these funds are through charges and/or transfers from other funds. Employee Benefits Fund Funded through charges and transfers from other funds, the Employee Benefits Fund has no independent revenue source other than employee contributions, which provide approximately 12% of the revenues in this fund. For FY 2002, the City raised it's contribution toward health benefits from $6,100 per employee to $6,650, which is driven by the rising cost of the employee health plan and prescription program. The employee rate for dependent coverage was increased $12 per month, effective January 2002, to further offset rising costs. Current contribution levels will result in a fund balance for FY 2002 of$1.6M. An increase in the City's contribution of $550/employee is included in this forecast for FY 2003. The approximate amount of claims that have been incurred but not reported in the indemnity plan, coupled with the reserve requirements necessary to fund incurred workers compensation claims, dictate a level of fund balance of approximately $1.3M. Based on these assumptions, the projected level of contributions will be sufficient to provide adequate coverage. 6 Capital Reserve Fund Originally created to provide for the replacement of equipment and vehicles, the Capital Reserve Fund also exists to provide for the renovation of public facilities that are not major capital improvements. It is anticipated that expenditure levels will be reduced and available fund balance will be utilized during the first several years of the projection period. The ending fund balance in FY 2003 is projected at $530,000. This will drop to a projected low of$440,000 in FY 2004. General Liability Fund Initiated in FY 1987, the General Liability Fund is the central repository for the payment of claims, lawsuits and the professional services related to the defense of claims made against the City. With an estimated liability for claims and lawsuits slightly under $1 M, it is projected that adequate resources will be available through this projection period. The sole funding source for the General Liability Fund is transfers from other funds. SUMMARY In summary, administration's assumptions include average general revenue increases of 2.2%. Projections for General Fund operating expenditures show an increase 2.5% annually for personnel, with other operating costs remaining relatively flat. This increase is expected to maintain the same level of service. Based on these revenue and expenditure assumptions, fund balance is expected to drop seriously below policy levels in FY 2003, with a deficit fund balance anticipated by fiscal year end 2005. The Debt Service Fund will require an additional $200,000, approximately one half cent, in FY 2003 to cover existing requirements. This could be achieved by either increasing the total tax rate or shifting this amount from the dedicated General Fund rate. Notwithstanding the issuance of new debt, beginning in fiscal year 2004, the capacity exists to reverse shift a portion of the Debt Service dedication to the General Fund. If authorization is granted for the $9M issue, the reverse shift would be deferred to FY 2006. Internal Service Funds, including Employee Benefits, Capital Reserve and General Liability, are dependent on service charges and transfers from other funds to service the claims and purchases recorded therein. Sustaining sufficient fund balances will require an increased contribution in the Employee Benefits Fund. Tables are attached for each of the funds discussed. The information provided is organized so that a brief historical perspective may be gained as well as a forecast studied, which is based on current known conditions and historical trend analysis. Reports to Council will be made as needed should future developments occur that significantly impact the City's financial condition. Respectfully submitted, Stephen J. Bonczek City Manager 7 CITY OF BEAUMONT LONG RANGE FINANCIAL FORECAST General Fund (In thousands) Actual Estimated Projected Projected Projected Projected Projected Projected Projected Projected Projected FY 2001 FY 2002 FY 2003 FY 2004 FY 2005 FY 2006 FY 2007 FY 2008 FY_2009 FY 2010 FY 2011 REVENUES Sales and Use Tax $ 26,180 26,752 27,287 27,833 28,668 29,528 30,414 31,478 32,580 33,720 34,900 Property Taxes 12,521 12,213 12,579 12,893 13,215 13,545 13,884 14,231 14,587 14,952 15,326 Industrial Payments 11,267 12,306 11,985 12,215 12,215 12,445 12,680 12,920 13,165 13,420 13,670 Gross Receipts Tax 7,115 6,350 6,477 6,607 6,739 6,874 7,011 7,151 7,294 7,440 7,589 Utility Fund In Lieu 4,250 5,100 5,100 5,200 5,200 5,300 5,300 5,400 5,400 5,400 5,400 Other - 7,437 8,233 8,315 8,398 _ 8,482 8,567 8,653 8,740 8,827 8,915 9,004 TOTAL REVENUES 68,770 70,954 71,743 73,146 74,519 76,259 77,942 79,920 81,853 83,847 85,889 EXPENDITURE CATEGORY Wages 41,285 42,523 43,586 44,676 45,793 46,938 48,111 49,314 50,547 51,811 53,106 Benefits 8,520 9,095 9,253 9,416 9,583 9,754 9,929 10,109 10,293 10,482 10,675 00 Other operating 14,029 13,484 13,536 13,657 13,779 13,922 14,046 14,172 14,299 14,447 14,576 Total Operating 63,834 65,102 66,375 67,749 69,155 70,614 72,086 73,595 75,139 76,740 78,357 Dependent Healthcare 4,080 4,309 4,903 5,437 5,966 6,387 6,834 7,296 7,790 8,316 8,860 Workers Compensation 822 895 901 907 912 918 924 905 911 918 924 Capital Reserve 500 300 300 300 300 500 500 500 500 500 500 General Liability 300 200 250 250 250 250 250 250 250 250 250 Transit Subsidy 845 1,020 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 Total Transfers Out 6,547 6,724 7,554 8,094 8,628 9,255 9,708 10,151 10,651 11,184 11,734 TOTAL EXPENDITURES 70,381 71,826 73,929 75,843 77,783 79,869 81,794 83,746 85,790 87,924 90,091 EXCESS(DEFICIT) REVENUES OVER EXPENDITURES (1,611) (872) (2,186) (2,697) (3,264) (3,610) (3,852) (3,826) (3,937) (4,077) (4,202) FUND BALANCE Beginning Fund Balance 9,015 7,404 6,532 _ 4,346 1,649 (1,615) __L,225) (9,077) X12,903) (16,840) (20,917) Ending Fund Balance $_ 7,404 6,53.2 _-4,346 1,649. (1,61.5) (5,225) (%077) (12,903) (16,840) -A20.917) (25,119) CITY OF BEAUMONT LONG RANGE FINANCIAL FORECAST Debt Service Fund (In thousands) Actual Estimated Projected Projected Projected Projected Projected Projected Projected Projected Projected FY 200_1_ FY 2002 _FY_2.003 FY 2004 FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 REVENUES Property Tax Revenue $ 11,507 12,675 12,991 13,308 13,644 12,085 12,379 7,379 7,566 7,747 6,981 Interest Earnings 241 240 204 200 230 270 258 259 237 219 213 Miscellaneous Revenue 839 1,027 1,034 1,099 1,148 1,153 1,155 1,154 1,232 1,232 1,237 TOTAL REVENUES 12,587 _ 13,942 14,229 14,607 15,022 13,508 13,792 8,792 9,035 9,198 8,431 EXPENDITURE CATEGORY Principal&Interest(P& 1 13,135 13,716 13,772 13,447 13,458 12,169 12,115 7,554 7,701 7,671 6,835 P & I-anticipated issues -- -- 537 997 1,251 1,546 1,640 1,640 1,640 1,640 1,640 Service Charges 9 10 10 10 10 10 10 10 10 10 10 TOTAL EXPENDITURES 13,144 13,726 14,319 _ 14,454 14,719 13,725 13,765 9,204 9,351 9,321 8,485 EXCESS (USE)OF FUND BALANCE (557) 216 (90) 153 303 (217) 27 (412) (316) (123) (54) FUND BALANCE Beginning Fund Balance 2,880 2,323 2,539 2,449 _ _2,602 2,905 2,688 2,715 -2,303 1,9V _ 1,864 Ending Fund Balance $_ 2,323 2.539. 2449 2,602 2,905 2,688_ 2,715 2,303 1 087 1,864 1.810