HomeMy WebLinkAbout(02) 2018-2019 BUDGET MONTHLY REPORT AND QUARTERLY INVESTMENT REPORT S i 1
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2018-2019 Budget
Monthly Report
And
Quarterly Investment Report
March 2019
City of Port Arthur 2018 -2019 Budget
Monthly Report and Quarterly Investment Report
March 31, 2019
Highlights:
General Fund
Overall the General Fund revenues are approximately$1.7 million above the expected amount at this
time. Property tax collections have been received as expected and are currently slightly above budget.
Industrial payments received this fiscal year are $700,000 above the budgeted amount due to expansions
at BASF and BASF TOTAL Petrochemicals(BTP). Sales tax collections through March are 6.9%below
last fiscal year but only 1.9%below the expected amount due to an anticipated reduction which was built
into the current year budget. Electric utility franchise fees are currently$200,000 above budget and
interest revenue has exceeded budgeted levels by$600,000.
Operating expenditures total $29.1 million at March 31,2019. Year to date actual is below the budget by
$2.6 million with approximately$800,000 of the savings in payroll due to 49 vacancies. Budget
amendments are requested throughout the year as needed so that the amended budget column will closely
reflect where we expect to be at the end of the year.
Water Fund
The Water Fund revenues reflect a budget shortfall of$900,000 at this time but are expected to reach
budgeted levels of$27.9 million by year end, as revenues are typically higher in the drier summer
months. Water service charges received from industry are$570,000 over budget estimates. Residential
and commercial revenue is$1.8 million under budget.
Water Fund operating expenses are above budget by$490,000 at March,2019. There are currently 15
vacant positions however any savings has been offset by overtime in various divisions. Customer service
has exceeded budgeted levels in overtime and contract services by$260,000 in order to better assist
customers with billing issues.
The Water Fund budget is balanced with a net budgeted revenue over expenses of$900,000. However,
year to date actual reflects a net expense over revenue of$790,000. Staff will continue to monitor the
fund and work with the Water Department to develop cost cutting measures, if necessary,to bring
expenses back in line with available revenues.
Solid Waste Fund
Solid Waste revenues are currently lagging budget by$165,000. This is mostly attributable to Landfill
dumping fees which are $170,000 below budget. In FY 18 we saw a significant increase in Landfill fees
due to Hurricane Harvey. The revenue estimate was reduced this year to FY16 levels with an increase of
$750,000 for a new major customer. However, current revenues for the customer are below the
projection. Commercial container fees are currently 6% above the budgeted amount.
Solid Waste Operating expenses currently are under budget by approximately$70,000. However,the
budget has been amended by $300,000 to cover increased expenses for hauling materials at the Landfill.
Staff will keep the Council updated on the efforts to keep costs in line with available revenues.
Pleasure Island Fund
Pleasure Island revenues are down$33,000 at this time and can be attributed to reduced rentals at the RV
Park. The original expense budget has been amended by a total of$358,000 to cover the bulkhead repairs
at the Marina which began last year. As a result,the estimated ending working capital balance has been
reduced to $255,000.
Capital Improvement Fund
This section includes street projects by district, other general improvements by type and available funding
sources for each. The total street program budget is$17.7 million,with funding provided through EDC
Street Maintenance, CDBG, GLO and prior year General Fund revenues. $6.3 million has been spent to
date on the current listed street projects. $1.9 million of that has been spent this fiscal year leaving a
balance of$11.4 million to complete the projects. General Improvement projects include building
renovations,technology upgrades and parks&recreation renovations. Expenditures on current projects
total $1.6 million with $140,000 spent this fiscal year and a balance remaining of$3.3 million.
Disaster Fund
At this time the Hurricane Harvey Disaster Fund has total revenues of$27.1 million and expenditures of
$33.4 million leaving a deficit of$6.3 million. Pending reimbursements of$1.8 million will reduce this
deficit to $4.5 million. The City continues to make every effort to capture as much Federal assistance as
possible. Property insurance claims remain outstanding.
Quarterly Investment Report
At March 31,cash and investments for the City totaled$86 million. This reduction of$5.7 million from
the beginning of the quarter is primarily attributable to bond payments that went out in February. Bank
Deposits of$6.7 million make up approximately 8%of the portfolio while the remainder of$79.3 million
(92%)is invested in authorized local government investment pools. The average yield for the quarter is
2.3%which is up slightly from the previous quarter. Interest earned this quarter is$495,000 and totals
$948,000 fiscal year to date. All investments have been made in accordance with the City's investment
strategy and investment policy as previously approved by the City Council.
City of Port Arthur 2018 -2019 Budget
Monthly Report
March 31,2019
Actual Actual Amended Y-T-D Y-T-D
16-17 17-18 Budget Actual Budget
(unaudited) 18-19 Thru Mar Thru Mar Variance
General Fund Summary
Revenues
Taxes
Property Taxes 12,518,521 12,316,713 12,540,000 11,759,319 11,755,911 3,408
Industrial District Payments 31,221,614 30,644,284 30,100,000 30,759,585 30,075,000 684,585
Sales Tax 8,704,353 10,452,255 9,700,000 4,857,245 4,923,760 (66,515)
Other Taxes 9,703,891 9,190,955 9,270,000 2,858,589 2,600,147 258,442
Total Taxes 62,148,379 62,604,207 61,610,000 50,234,738 49,354,818 879,920
Licenses and Permits 751,937 841,860 441,200 221,237 220,572 665
Intergovernmental Revenue 77,112 58,228 141,772 45,605 70,878 (25,273)
Charges for Services 325,778 355,557 381,000 194,205 190,464 3,741
Fines and Forfeitures 824,979 850,301 935,100 533,874 467,544 66,330
Interest and Miscellaneous 1,156,481 1,283,617 527,100 1,050,341 263,532 786,809
Total Operating Revenues 65,284,666 65,993,770 64,036,172 52,280,000 50,567,808 1,712,192
Transfers and Other Revenues 7,881,414 7,091,869 7,091,718 3,545,859 3,545,850 9
Total Revenues 73,166,080 73,085,639 71,127,890 55,825,859 54,113,658 1,712,201
Expenditures
Administration 2,138,493 1,447,224 1,613,294 584,588 792,631 (208,043)
City Secretary 1,348,263 1,313,215 2,097,232 912,770 1,021,104 (108,334)
City Attorney 738,309 984,382 1,127,621 531,168 546,574 (15,406)
Finance 2,099,769 2,186,880 2,288,445 1,019,081 1,111,661 (92,580)
Information Technology 578,506 870,033 1,747,846 571,650 857,515 (285,865)
Human Resources 662,471 644,759 813,215 283,932 394,403 (110,471)
Development Services 4,398,784 4,852,202 5,876,346 2,465,801 2,863,038 (397,237)
Civic Center 788,843 653,306 872,571 399,743 426,593 (26,850)
Police 19,600,635 18,314,943 20,509,145 9,524,387 9,908,529 (384,142)
Fire 13,426,836 13,538,450 13,905,674 6,942,264 6,903,779 38,485
Public Works 7,147,945 7,222,861 8,379,925 3,729,143 4,087,994 (358,851)
Health and Welfare 1,304,852 1,399,065 1,500,621 716,996 729,303 (12,307)
Parks and Recreation 2,497,164 2,253,854 3,048,723 918,235 1,491,618 (573,383)
Library 1,126,363 951,435 1,274,655 547,202 619,393 (72,191)
Total Operating Expenditures 57,857,233 56,632,609 65,055,313 29,146,960 31,754,135 (2,607,175)
Transfers and Other Expenditures $11,105,335 $10,417,465 $5,727,842 2,977,062 2,977,062 -
Total Expenditures 68,962,568 67,050,074 70,783,155 32,124,022 34,731,197 (2,607,175)
Net Current Activity 4,203,512 6,035,565 344,735 23,701,837 19,382,461
Unassigned Beginning Fund Balance 15,488,267 19,691,779 24,893,979 24,893,979 24,893,979
Unassigned Ending Fund Balance 19,691,779 24,893,979 25,238,714 48,595,816 44,276,440
City of Port Arthur 2018 - 2019 Budget
Monthly Report
March 31, 2019
Actual Actual Amended Y-T-D Y-T-D
16-17 17-18 Budget Actual Budget
(unaudited) 18-19 Thru Mar Thru Mar Variance
Water Fund Summary
Revenues
Water Service 8,580,711 11,237,669 13,400,000 5,669,364 6,699,996 (1,030,632)
Water Service-Industry 2,138,890 3,992,756 3,734,206 2,435,626 1,867,098 568,528
Sewer Service 6,290,565 7,191,114 9,700,000 4,090,316 4,849,998 (759,682)
Other Charges for Services 441,661 202,596 196,813 316,598 98,394 218,204
Late Fees 414,171 494,418 407,525 293,841 203,760 90,081
Interest and Miscellaneous 583,422 130,709 18,436 16,230 9,216 7,014
Total Operating Revenues 18,449,420 23,249,262 27,456,980 12,821,975 13,728,462 (906,487)
Transfers and Other Sources 410,000 410,000 410,000 205,000 204,996 4
Total Revenues 18,859,420 23,659,262 27,866,980 13,026,975 13,933,458 (906,483)
Expenses
1251 Administration 1,935,521 839,181 1,137,727 577,205 552,019 25,186
1252 Water Purification 4,319,571 5,596,723 5,994,189 2,731,131 2,971,472 (240,341)
1253 Water Distribution 4,589,162 3,476,479 3,640,452 1,709,890 1,775,079 (65,189)
1254 Customer Service 1,050,636 1,194,613 1,260,503 783,663 611,471 172,192
1255 Waste Water Conveyance 4,447,481 4,002,064 4,121,332 2,556,209 2,014,017 542,192
1256 Wastewater Treatment 1,848,970 1,987,509 2,349,053 1,245,374 1,155,602 89,772
1260 Environmental Regulatory Services 1,003 441,856 619,482 270,649 302,389 (31,740)
Total Operating Expenses 18,192,344 17,538,425 19,122,738 9,874,121 9,382,048 492,073
Transfers and Other Uses 5,826,579 6,954,202 7,881,201 3,940,600 3,940,590 10
Total Expenses and Other Uses 24,018,923 24,492,627 27,003,939 13,814,721 13,322,638 492,083
Net Current Activity (5,159,503) (833,365) 863,041 (787,746) 610,820
Beginning Working Capital Balance (879,632) (1,202,686) (1,202,686) (1,202,686) (1,202,686)
Adjustment to W/C(Long-Term Advan 4,836,449 833,365 - - -
Ending Working Capital Balance (1,202,686) (1,202,686) (339,645) (1,990,432) (591,866)
(As Adjusted)
City of Port Arthur 2018 - 2019 Budget
Monthly Report
March 31, 2019
Actual Actual Amended Y-T-D Y-T-D
16-17 17-18 Budget Actual Budget
(unaudited) 18-19 Thru Mar Thru Mar Variance
Solid Waste Fund Summary
Revenues
Residential Service 4,227,946 4,158,037 4,250,000 2,052,763 2,124,996 (72,233)
Commercial Containers 1,907,211 2,015,983 2,000,000 1,060,461 999,996 60,465
Landfill Charges 1,403,735 2,335,938 1,650,000 658,389 825,000 (166,611)
Municipal Landfill Contracts 282,522 310,758 285,000 124,682 142,500 (17,818)
Late Fees 148,629 173,293 155,000 91,732 77,496 14,236
Interest and Miscellaneous 138,232 696 - 17,274 - 17,274
Total Revenues 8,108,275 8,994,705 8,340,000 4,005,301 4,169,988 (164,687)
Expenses
1271 Trash Collection 1,318,143 1,334,901 1,195,442 624,363 577,635 46,728
1272 Residential Collection 1,476,416 936,306 1,257,920 584,843 608,712 (23,869)
1273 Container Service 889,661 678,516 695,099 435,402 337,983 97,419
1274 Landfill 2,524,882 2,122,643 2,393,673 998,667 1,183,367 (184,700)
1275 Administration 176,084 97,758 134,062 62,483 64,759 (2,276)
Total Operating Expenses 6,385,186 5,170,124 5,676,196 2,705,758 2,772,455 (66,697)
Transfers and Other Uses 1,155,957 2,922,075 2,857,534 1,428,767 1,428,750 17
Total Expenses and Other Uses 7,541,143 8,092,199 8,533,730 4,134,525 4,201,205 (66,680)
Net Current Activity 567,132 902,506 (193,730) (129,224) (31,217)
Beginning Working Capital Balance 1,210,795 1,777,927 2,680,433 2,680,433 2,680,433
Ending Working Capital Balance 1,777,927 2,680,433 2,486,703 2,551,209 2,649,216
Pleasure Island Summary
Revenues
Land Lease&Sales 492,379 594,134 547,000 274,441 273,498 943
Dry Storage Rentals 23,840 29,026 33,000 12,403 16,500 (4,097)
RV Park 290,493 285,407 294,000 121,383 147,000 (25,617)
Boat Slip Rentals 155,356 130,301 130,000 62,664 64,998 (2,334)
Fuel Facility 9,891 4,343 4,000 523 1,998 (1,475)
Total Revenues 971,959 1,043,211 1,008,000 471,414 503,994 (32,580)
Expenses
1291 Administration 555,036 541,063 587,315 233,417 284,948 (51,531)
1292 RV Park 141,778 148,883 184,650 65,064 92,325 (27,261)
1293 Marina 73,740 144,007 411,100 250,254 205,550 44,704
1294 Parks 53,645 67,307 69,200 13,208 34,600 (21,392)
Total Operating Expenses 824,199 901,260 1,252,265 561,943 617,423 (55,480)
Transfers and Other Uses 20,000 - 40,000 20,000 19,998 2
Total Expenses and Other Uses 844,199 901,260 1,292,265 581,943 637,421 (55,478)
Net Current Activity 127,760 141,951 (284,265) (110,529) (133,427)
Beginning Working Capital Balance 269,851 397,611 539,562 539,562 539,562
Ending Working Capital Balance 397,611 539,562 255,297 429,033 406,136
City of Port Arthur 2018 - 2019 Budget
Monthly Report
March 31, 2019
Total FY 18-19 Project To
Total Revised Actual Y-T-D Date Project
Capital Improvement Fund Summary Estimated Thru 9/30/18 Actual Actual Balance
Street Improvements Project Cost (Unaudited) Thru Mar Thru Mar Remaining
District 1
15th Street Stillwell-Vicksburg 827,957 - - 827,957
El Paso Avenue Lakeshore-Procter - - - -
Nashville Street 7th-Proctor 913,290 34,781 2,600 37,381 875,909
Bluebonnet Gulfway-19th 1,328,280 1,227,575 117,927 1,345,502 (17,222)
Woodworth Blvd 7th St-Thomas Blvd. 1,186,728 1,057,665 129,333 1,186,998 (270)
W 7th/Ransom Howard MLK-Abe Lincoln Ave 1,462,877 1,296,648 116,035 1,412,683 50,194
W.8th Street Foley-Joe Louis 1,282,035 294,165 478,405 772,570 509,465
Lakeshore Drive Ph 1 4186-4300 Lakeshore 555,842 199,833 360,927 560,760 (4,918)
Lakeshore Drive Ph 2 12th Av-4186/4300-Stadium 723,536 - 7,800 7,800 715,736
5th Street Atlanta-Nashville 915,588 - - 915,588
6th Street Atlanta-Nashville 929,588 - - 929,588
48"Storm Sewer Reloc Gulfway-9th 125,911 125,911 - 125,911 -
12th Street 6th Ave-Woodworth 75,926 - - - 75,926
24th Street Gulf Ave to Memorial 105,071 - - - 105,071
9th Street Houston-Ft Worth 31,768 - 24,753 24,753 7,015
Marshall 10th-Gulfway 159,616 - - - 159,616
El Paso Ave Lakeshore-Howard 29,598 - - - 29,598
10,653,611 4,236.578 1.237,780 5.474,358 5.179.253
District 2
Williams Avenue Lakeshore-Procter 15,231 - - 15,231
15th Street Vera-Main 289,351 17,555 38,323 55,878 233,473
Carolina Ave Gulfway-Dead End 919,281 28,550 40,360 68,910 850,371
Lakeshore Dr Lakeside-Williams 305,444 - - 305,444
Lakeshore Dr Williams-Stadium 461,345 - - 461,345
Williams Avenue Proctor-8th St - - - -
8th Street Williams-Duff 21,313 17,660 17,660 3,653
5th Street Stadium-Duff 40,519 1,138 1,138 39,381
6th Street Brazos-Duff Dr 51,612 19,161 19,161 32,451
2,104.096 46.105 116.642 162,747 1,941,349
District 3
Ferndale Drive Highland Dr-S Park Dr 20,188 1,350 1,350 18,838
Northpark Drive W Park-Evergreen 21,420 1,350 1,350 20,070
Wilson Drive Evergreen-Highland 15,392 - - 15,392
Forest Drive Evergreen-Woodrow 192,441 - 25,856 25,856 166,585
8th Ave 32nd-Dead End 881,394 28,550 55,030 83,580 797,814
Sunken Court Ph 1/Wilson-Tyrrell 405,393 24,965 26,085 51,050 354,343
Sunken Court Ph 2/Tyrrell-Twin City Hwy 729,887 27,281 47,551 74,832 655,055
38th Street Rachel-Lansing 10,175 8,716 8,716 1,459
Forest Dr Gritting-Evergreen 51,753 - 51,753
42nd St 9th Ave-Wentworth 161,028 48,945 48,945 112,083
Evergreen Dr. North Park-Tyrrell 62,543 51,329 51,329 11,214
3rd Ave 32nd St-36th St - 67,512 67,512 (67,512)
2,551,614 83.496 331.024 414.520 2,137,094
District 4
Viterbo Road Spur 93-End 101,363 - - 101,363
Diamond Avenue 63rd St-Dead End - - - -
Willow Avenue Maple-60th St 852,109 26,210 28,332 54,542 797,567
60th Street West Port Arthur-Canal 903,247 32,536 21,890 54,426 848,821
Cedar St 58th St to North End 88,142 - 53,650 53,650 34,492
64th St Garnet-W Port Arthur Rd 201,102 - 583 583 200,519
58th St Ray Ave to Cedar St 101,013 - 32,831 32,831 68,182
Pine Ave. 60th St.-Dead End 27,681 - 28,604 28,604 (923)
Sharon Dr Cambridge-Queens 29,199 - 36,432 36,432 (7,233)
Waco Ave Gulfway to Thomas Blvd 50,757 - 583 583 50,174
2.354.613 58.746 202.905 261.651 2.092,962
City of Port Arthur 2018 - 2019 Budget
Monthly Report
March 31, 2019
Total FY 18-19 Project To
Total Revised Actual Y-T-D Date Project
Capital Improvement Fund Summary Estimated Thru 9/30/18 Actual Actual Balance
Street Improvements Project Cost (Unaudited) Thru Mar Thru Mar Remaining
Total Street Improvement Projects 17,663,934 4,424,925 1,888,351 6,313,276 11,350,658
Funding Sources:
EDC Street Maintenance 3,014,123 199,833 368,727 568,560 2,445,563
Community Development Block Grant(CDBG) 603,740 - - 603,740
General Land Office(GLO) 2,374,738 2,088,353 286,385 2,374,738 -
General Fund and Miscellaneous 11,671,333 2,136,739 1,233,239 3,369,978 8,301,355
Total Funding Sources 17,663,934 4,424,925 1,888,351 6,313,276 11,350,658
City of Port Arthur 2018 -2019 Budget
Monthly Report
March 31,2019
Total FY 18-19 Project To
Total Revised Actual Y-T-D Date Project
Captial Improvement Fund Summary Estimated Thru 9/30/18 Actual Actual Balance
General Improvements Project Cost (Unaudited) Thru Mar Thru Mar Remaining
Building Renovation
Develop Svcs Building One Stop Shop 2,650,000 101,042 131,615 232,657 2,417,343
2,650,000 101,042 131,615 232,657 2,417,343
Technology Upgrades
Telephone&Infastructure 1,238,000 1,266,128 7,558 1,273,686 (35,686)
Police Data Center 133,000 119,006 1,653 120,659 12,341
Network Monitoring Tools 29,000 20,909 90 20,999 8,001
Cloud-based backups 108,000 - - 108,000
Stage I ERP Replacement 80,000 - - 80,000
Phase 1 Paper Digitization 150,000 - - 150,000
1,738,000 1,406.043 9,301 1.415.344 322,656
Parks&Recreation Renovations
Recreation Center 230,000 - - 230,000
Mosely Pool 70,000 - - 70,000
Lakeview Pool 250,000 - - 250,000
550,000 - - - 550,000
Total General Improvement Projects 4.938.000 1,507,085 140,916 1,648,001 '3it9;99
Funding Sources:
Lease Proceeds(Technology) 1,223,742 1,223,742 - 1,223,742 -
General Fund and Miscellaneous 3,714,258 283,343 140,916 424,259 3,289,999
Total Funding Sources 4,938,000 1.507.085 140,916 1,648,001 3,289,999
City of Port Arthur 2018-2019 Budget
Monthly Report
March 31,2019
Actual Actual Y-T-D Actual
16-17 17-18 Actual FY17-FY19
(unaudited) Thru Feb Total
Disaster Fund Summary
Revenues
Federal/State Grants 10,125,000 2,375,000 4,815 12,504,815
Contributions-Donations 10,682 27,424 - 38,106
Insurance Proceeds - 10,015,834 291,697 10,307,531
Lease Proceeds - 4,283,586 - 4,283,586
Total Revenues 10,135,682 16,701,844 296,512 27,134,038 .
Expenditures
Salaries and Benefits 3,694,644 790,262 - 4,484,906
Supplies and Materials 63,291 1,636,543 155,624 1,855,458
Maintenance 121,462 2,171,350 854,049 3,146,861
Contractual Services 1,082,631 14,882,112 767,485 16,732,228
Capital Outlay 1,140,878 5,505,922 547,036 7,193,836
Total Expenditures 6,102,906 24,986,189 2,324,194 33,413,289
Net Current Activity 4,032,776 (8,284,345) (2,027,682) (6,279,251)
Beginning Fund Balance - 4,032,776 (4,251,569)
Ending Fund Balance 4,032,776 (4,251,569) (6,279,251)
Summary by Categon
Emergency
Debris Response Equipment Vehicles Facilities Contents Other DAC At Risk Total
Revenues
FEMA/State S 12.500,000 S - S - $ - $ - $ - $ 4,815 $ - $ - $ 12,504,815
Insurance - - 1,236,997 3,314,837 1,950,158 3,785,539 20,000 - - 10,307,531
Lease Proceeds - - - 4,283,586 - - - - - 4,283,586
Donations - - - - - - 38,106 - - 38,106
Total 12,500,000 - 1,236,997 7,598,423 1,950,158 3,785,539 62,921 - - 27,134,038
Expenditures
Personnel - 2,911,379 - - - - - - 1,573,527 4,484,906
Supplies&Materials - - - - 1,855,458 - - - 1,855,458
Maintenance - - 374,445 840,162 1,119,470 472,653 340,131 - - 3,146,861
Contractual Servic 12,875,438 - - - - 2,579,062 1,277,728 - 16,732,228
Capital Outlay - - 292,772 5,755,883 866,404 278,777 - - - 7,193,836
Total 12,875,438 2,911,379 667,217 6,596,045 1,985,874 2,606,888 2,919,193 1,277,728 1,573,527 33,413,289
Balance $ (375,438) $(2,911,379) $ 569,780 $ 1,002,378 $ (35,716) $ 1,178,651 $ (2,856,272) $ (1,277,728) $ (1,573,527) $ (6,279,251)
Reimbursements Pending
FEMA
PW 4129 Fire 274,025 204,732 3,274 482,031
PW 3640 Police 815,300 260,320 6,103 1,081,723
PW 1701 Debris 243,616 243,616
TML-Library - - - - - 21,488 - - - 21,488
Total 243,616 1,089,325 204,732 260,320 - 21,488 9,377 - - 1,828,858
City of Port Arthur,Texas
Investment Report
Portfolio Management Summary
For the Quarter Ended March 31, 2019
SUMMARY: Accrued Interest Average
%of Face Market Book Interest Earned Days to
Portfolio Yield Amount Value Value At Qtr End During Qtr Maturity
Portfolio At Beginning of Period(12/31/2018) 91,675,823.17 91,687,852.95 91,675,823.17
Bank Deposits 7.79% 1.4958% 6,697,297.18 6,703,726.45 6,697,297.18 6,429.27 26,086.37 1
Local Govt Investment Pools 92.21% 2.4076% 79,260,603.58 79,260,603.58 79,260,603.58 0.00 468,805.24 37
Agency Securities 0.00% 0.0000% 0.00 0.00 0.00 0.00 0.00 0
Total/Average at End of Period(03/31/2019) 100.00° 2.3365% 85,957 900.76 85,964,330.03 85.9,7,900.76 6.429.27 494,891_61 34
DETAIL: Accrued Interest Average
Buy Maturity Face Market Book Interest Earned Days to
Cusip Date Description Date Yield Amount Value Value At Qtr End During Qtr Maturity
BANK DEPOSITS
03/31/2019 Capital One Bank 04/01/2019 1.4958% 6,697,297.18 6,703,726.45 6,697,297.18 6,429.27 26,086.37 1
Total Bank Deposits 1.4958% 6,697,297.18 6,703,726.45 6,697,297.18 6,429.27 26,086.37 1
LOCAL GOVERNMENT INVESTMENT POOLS
03/31/2019 Texpool 04/01/2019 2.4009% 25,326,982.13 25,326,982.13 25,326,982.13 0.00 149,356.27 25
03/31/2019 Tex Star 04/01/2019 2.4017% 27,445,355.16 27,445,355.16 27,445,355.16 0.00 161,888.40 41
03/31/2019 Texas Class 04/01/2019 2.4200% 26,488,266.29 26,488,266.29 26,488,266.29 0.00 157,560.57 44
Total Local Government Investment Pool 2.4076% 79,260,603.58 79,260,603.58 79,260,603.58 0.00 468,805.24 37
AGENCY SECURITIES
0.0000% 0.00 0.00 0.00 0.00 0.00 0
Total Agency Securities 0.0000% 0.00 0.00 0.00 0.00 0.00 0
Total Portfolio(03/31/2019) 2.3365% 85,957,900.76 85,964,330.03 85,957,900.76 6,429.27 494,891.61 34
This report has been prepared in accordance with the law of the State of Texas and more specifically with the Public Funds
Investment Act(Section 2256, Government Code as amended) and in accordance with the City's investment strategy and
investment policy as approved by the Port Arthur City Council.
Prepared By:
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Kandy Daniel, I rim Finance Director
Reviewed By:
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Harold H nkins, Assistant Finance Director ---
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Rebecca Underhill, Interim City Manager