HomeMy WebLinkAbout(1) 2018-2019 BUDGET MONTHLY REPORT AND QUARTERLY INVESTMENT REPORT SEPTEMBER 2019 w
Ener
City of r City
tN )k)
''' 'Ill if E � *
. ai
v'
11111 Texas
2018-2019 Budget
Monthly Report
And
Quarterly Investment Report
September 2019
City of Port Arthur 2018 -2019 Budget
Monthly Report and Quarterly Investment Report
September 30, 2019
Highlights:
Presented in this report are actual(unaudited)revenues and expenditures for fiscal year 2019,run as of
October 18,2019. Final numbers may change after accruals, adjustments and all outstanding invoices for
year-end are paid.
General Fund
Overall the General Fund revenues for Fiscal Year 2019 total$72.7 million which is approximately$1.6
million above the budgeted amount. Property tax revenues were slightly below budget at$12.5 million.
Industrial payments of$30.8 million is$700,000 above the budgeted amount due to expansions at BASF
and BASF TOTAL Petrochemicals(BTP). Sales tax collections through September are$10 million
which is 4.3%below last fiscal year as expected but 3%above the budgeted level. Utility franchise fees,
which are made up of electric, gas,telephone and cable categories came in slightly below budget and
miscellaneous revenue including interest earnings, land sales and insurance exceeded budgeted levels by
$430,000.
General Fund expenditures currently total $66.8 million for fiscal year 2019.which is $4.7 million below
budget, leaving a healthy fund balance of$30.6 million. Actual expenditures may change after all
outstanding invoices for year-end are paid. There are currently 48 vacancies in the General Fund which is
up slightly from the previous month
Water Fund
The Water Fund revenues for all sources total $27.5 million and reflects a budget shortfall of
approximately $350,000. Water service charges received from industry total $5 million which exceeds
budget estimates by$1.3 million. Residential and commercial revenue is $2.5 million under the expected
amount.
Water Fund expenses currently total $27.8 million for fiscal year 2019 which is slightly under the
amended budget. Although expenses only exceeded available revenues by$300,000, the original
balanced budget was increased by$1.2 million for various emergency repairs as well as labor and
material cost overruns in Customer Service. However, some expenses related to Customer Service may
be able to be reclassified due to potential reimbursement from FEMA. There are currently 15 vacant
positions which is down slightly from last month.
Solid Waste Fund
Solid Waste revenues for FY2019 total $8.1 million which is a$270,000 shortfall. This is mostly
attributable to Landfill dumping fees. In FY18 we saw a significant increase in Landfill fees due to
Hurricane Harvey. The revenue estimate was reduced this year to FY 16 levels with an increase of
$750,000 for a new major customer. However,revenues for the customer did not reach the expected
level.
Solid Waste expenses total $9.1 million for the fiscal year. The original expense budget was increased by
$700,000 during the year to cover unanticipated costs for Landfill, Residential and Container Services. A
decline in revenue and the overage in expenses created a net shortfall (expense over revenue)of$1
million by year end.
Pleasure Island Fund
Pleasure Island revenues of$947,000 is slightly below the year end estimate and can be attributed to
reduced rentals at the RV Park. Expenses for the year are currently$1.1 million and is slightly below the
amended budget. However,year-end actual currently reflects a net shortfall (expense over revenue)of
$170,000 due to budget amendments which increased expenses during the year.
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 $19.9 million, including the$2.2 million budget
amendment Council approved. Funding for the street program is provided through EDC Street
Maintenance, CDBG, GLO and prior year General Fund revenues. $7.9 million has been spent to date on
the current listed street projects. $3.4 million of that has been spent this fiscal year leaving a balance of
$12 million to complete the projects. General Improvement projects include building renovations,
technology upgrades and parks&recreation renovations. Expenditures on current projects total $2.9
million with $1.3 million spent this fiscal year and a balance remaining of$2.1 million.
Disaster Fund
At this time the Hurricane Harvey Disaster Fund has total revenues of$25 million. Expenditures
currently total$30.8 million which leaves a deficit of$5.8 million. Pending reimbursements total $2.8
million which will reduce this deficit to $3 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 September 30,cash and investments for the City totaled $73.7 million. This reduction of$3.2 million
from the beginning of the quarter is reflective of the City's normal cash flow. The majority of taxes and
triatpayiriients are received in the first and second quarters of the fiscal year. Bank Deposits of$5.6
-million make up approximately 7.6%of the portfolio while the remainder of$68.1 million(92.4%) is
invested in authorized local government investment pools. The average yield for the quarter is 2.2%
which is down slightly from the previous quarter. Interest earned this quarter is$391,000 and totals $1.8
million for fiscal year 2019 and reflects a$1 million increase over fiscal year 2018. 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
September 30, 2019
Actual Actual Amended Actual
16-17 17-18 Budget 18-19
18-19 (Unaudited) Variance
General Fund Summary
Revenues
Taxes
Property Taxes 12,518,521 12,316,713 12,540,000 12,476,941 (63,059)
Industrial District Payments 31,221,614 30,644,284 30,100,000 30,834,585 734,585
Sales Tax 8,704,353 10,452,255 9,700,000 9.999,523 299,523
Other Taxes 9,703,891 9,190,955 9,270,000 9,241,698 (28,302)
Total Taxes 62,148,379 62,604,207 61,610,000 62,552,747 942,747
Licenses and Permits 751,937 841,860 441,200 533,616 92,416
Intergovernmental Revenue 77,112 58,228 141,772 186,723 44,951
Charges for Services 325,778 355,557 381,000 439,325 58,325
Fines and Forfeitures 824,979 850,301 935,100 958,603 23,503
Interest and Miscellaneous 1,156,481 1,283,617 527,100 960,876 433,776
Total Operating Revenues 65,284,666 65,993,770 64,036,172 65,631,890 1,595,718
Transfers and Other Revenues 7,881,414 7,091,869 7,091,718 7,091,718 -
Total Revenues 73,166,080 73,085,639 71,127,890 72,723,608 1,595,718
Expenditures
Administration 2,138,493 1,447,224 1,905,094 1,626,312 (278,782)
City Secretary 1,348,263 1,313,215 2,097,232 1,701,490 (395,742)
City Attorney 738,309 984,382 1,127,621 1,124,065 (3,556)
Finance 2,099,769 2,186,880 2,288,445 2,139,440 (149,005)
Information Technology 578,506 870,033 1,747,846 1,499,977 (247,869)
Human Resources 662,471 644,759 813,215 614,654 (198,561)
Development Services 4,398,784 4,852,202 5,876,346 5,413,078 (463,268)
Civic Center 788,843 653,306 872,571 873,368 797
Police 19,600,635 18,314,943 20,509,145 19,521,389 (987,756)
Fire 13,426,836 13,538,450 14,205,174 14,030,571 (174,603)
Public Works 7,147,945 7,222,861 8,949,925 8,036,541 (913,384)
Health and Welfare 1,304,852 1,399,065 1,500,621 1,450,650 (49,971)
Parks and Recreation 2,497,164 2,253,854 3,318,723 2,580,477 (738,246)
Library 1,126,363 951,435 1,274,655 1,210,346 (64,309)
Total Operating Expenditures 57,857,233 56,632,609 66,486,613 61,822,358 (4,664,255)
Transfers and Other Expenditures $11,105,335 $11,510,853 $4,961,362 4,954,503 (6,859)
Total Expenditures 68,962,568 _ 68,143,462 71,447,975 66,776,861 (4,671.114)
Net Current Activity 4,203,512 4,942,177 (320,085) 5,946,747
Unassigned Beginning Fund Balance 15,488,267 19,691,779 24,633,956 24,633,956
Unassigned Ending Fund Balance 19,691,779 24,633,956 24,313,871 30,580,703
City of Port Arthur 2018 - 2019 Budget
Monthly Report
September 30, 2019
•
Actual Actual Amended Actual
16-17 17-18 Budget 18-19
18-19 (Unaudited) Variance
Water Fund Summary
Revenues
Water Service 8,580,711 11,237,669 13,400,000 12,159,359 (1,240,641)
Water Service-Industry 2,138,890 3,992,756 3,734,206 5,010,731 1,276,525
Sewer Service 6,290,565 7,191,114 9,700,000 8,398,266 (1,301,734)
Other Charges for Services 441,661 202,596 196,813 665,501 468,688
Late Fees 414,171 494,418 407,525 824,801 417,276
Interest and Miscellaneous 583,422 130,709 18,436 50,488 32,052
Total Operating Revenues 18,449,420 23,249,262 27,456,980 27,109,146 (347,834)
Transfers and Other Sources 5,246,449 4,305,408 410,000 410,000 -
Total Revenues 23,695,869 27,554,670 27,866,980 27,519,146 (347,834)
Expenses
1251 Administration 1,935,521 1,356,781 1,227,727 1,369,182 141,455
1252 Water Purification 4,319,571 5,596,723 5,944,189 5,306,935 (637,254)
1253 Water Distribution 4,589,162 3,476,479 3,562,452 3,761,850 199,398
1254 Customer Service 1,050,636 1,194,613 1,560,503 1,610,440 49,937
1255 Waste Water Conveyance 4,447,481 4,002,064 4,709,332 5,006,679 297,347
1256 Wastewater Treatment 1,848,970 1,987,509 2,699,053 2,431,888 (267,165)
1260 Environmental Regulatory Services 1,003 441,856 619,482 502,096 (117,386)
Total Operating Expenses 18,192,344 18,056,025 20,322,738 19,989,070 (333,668)
Transfers and Other Uses 5,826,579 7,590,270 7,881,201 7,881,201 -
Total Expenses and Other Uses 24,018,923 _ 25,646,295 28,203,939 27,870,271 (333,668)
Net Current Activity (323,054) 1,908,375 (336,959) (351,125)
Beginning Working Capital Balance (879,632) (1,202,686) 705,689 705,689
Ending Working Capital Balance _ (1,202,686) 705,689 _ 368,730 354,564
(As Adjusted)
City of Port Arthur 2018 - 2019 Budget
Monthly Report
September 30, 2019
Actual Actual Amended Actual
16-17 17-18 Budget 18-19
18-19 (Unaudited) Variance
Solid Waste Fund Summary •
Revenues
Residential Service 4,227,946 4,158,037 4,250,000 4,112,128 (137,872)
Commercial Containers 1,907,211 2,015,983 2,000,000 2,133,107 133,107
Landfill Charges 1,403,735 2,335,938 1,650,000 1,395,483 (254,517)
Municipal Landfill Contracts 282,522 310,758 285,000 232,289 (52,711)
Late Fees 148,629 173,293 155,000 153,487 (1,513)
Interest and Miscellaneous 138,232 696 - 43,545 43,545
Total Revenues 8,108,275 8.994,705 8,340,000 8,070,039 269,9611
Expenses
1271 Trash Collection 1,318,143 1,307,401 1,274,118 1,360,892 86,774
1272 Residential Collection 1,476,416 936,306 1,314,420 1,366,514 52,094
1273 Container Service 889,661 678,516 781,923 807,921 25,998
1274 Landfill 2,524,882 2,126,943 2,571,673 2,640,112 68,439
1275 Administration 176,084 98,186 134,062 135,444 1,382
Total Operating Expenses 6,385,186 5,147,352 6,076,196 6,310,883 234,687
Transfers and Other Uses 1,155,957 3,039,070 2,857,534 2,857,534 -
Total Expenses and Other Uses 7,541,143 8,186,422 8,933,730 9.168,417 234,68'
Net Current Activity 567,132 808,283 (593,730) (1,098,378)
Beginning Working Capital Balance 1,210,795 1,777,927 2,586,210 2,586,210
Ending Working Capital Balance 1,777,927 2,586,210 1,992,480 1,487.832
Pleasure Island Summar.
Revenues
Land Lease&Sales 492,379 594,134 547,000 547,242 242
Dry Storage Rentals 23,840 29,026 33,000 24,873 (8,127)
RV Park 290,493 285,407 294,000 248,176 (45,824)
Boat Slip Rentals 155,356 130,301 130,000 122,655 (7,345)
Fuel Facility 9,891 4,343 4,000 4,359 359
Total Revenues 971,959 1,043,211 1,008,000 947,305 6(0,695)
Expenses
1291 Administration 555,036 582,864 587,315 519,162 (68,153)
1292 RV Park 141,778 148,883 184,650 118,635 (66,015)
1293 Marina 73,740 144,007 411,100 404,283 (6,817)
1294 Parks 53,645 67,307 69,200 38,571 (30,629)
Total Operating Expenses 824,199 943,061 1,252,265 1,080,651 (171,614)
Transfers and Other Uses 20,000 (65,444) 40,000 40,000 -
Total Expenses and Other Uses 844,199 877,617 1,292,265 1,120,651 (171,614)
Net Current Activity 127,760 165,594 (284,265) (173,346)
Beginning Working Capital Balance 269,851 397,611 563,205 563,205
Ending Working Capital Balance 397,611 563,205 278,940 389,859
City of Port Arthur 2018 -2019 Budget
Monthly Report
September 30, 2019
Project To
Total Revised Total Actual Date Project
Capital Improvement Fund Summary Estimated Actual 18-19 Actual Balance
Street Improvements Project Cost Thru 9/30/18 (Unaudited) Thru 9/30/19 Remaining
District I
15th Street Stillwell-Vicksburg - - - -
El Paso Avenue Lakeshore-Procter - - - -
Nashville Street 7th-Proctor 913,290 34,781 111,607 146,388 766,902
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 1,468,959 1,296,648 172,311 1,468,959 -
W.8th Street Foley-Joe Louis 1,254,267 294,165 805,393 1,099,558 154,709
Lakeshore Drive Ph 1 4186-4300 Lakeshore 555,842 199,833 331,945 531,778 24,064
Lakeshore Drive Ph 2 12th Av-4186/4300-Stadium 723,536 - 14,500 14,500 709,036
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 - 102,369 102,369 57,247
El Paso Ave Lakeshore-Howard 29,598 - - - 29,598
3rd Avenue Gulfway- 14th 350,000 - - - 350,000
5th Ave.South Tremont-Broadway 200,000 - - - 200,000
10.353.968 4,236.578 1.810.138 6.046,716 4.307.252
District 2
Williams Avenue Lakeshore-Procter 15,231 - - 15,231
15th Street Vera-Main 289,351 17.555 321,859 339,414 (50,063)
Carolina Ave Gulfway-Dead End 919,281 28,550 40,360 68,910 850,371
Lakeshore Dr Lakeside-Williams 587,000 - 80,480 80,480 506,520
Lakeshore Dr Williams-Stadium 927,000 - 109,144 109,144 817,856
Williams Avenue Proctor-8th St - - - -
8th Street Williams-Duff 21,313 - 17,660 17,660 3,653
5th Street Stadium-Duff 40,519 - 74,058 74,058 (33,539)
6th Street Brazos-Duff Dr 51,612 - 69,687 69,687 (18,075)
Williams Avenue 5th St-Lewis Dr 550,000 - - 550,000
3,401,307 46.105 713.248 759.353 2.641.954
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 344.500 - 103,991 103,991 240,509
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 71,085 96,050 309,343
Sunken Court Ph 2/Tyrrell-Twin City Hwy 729,887 27,281 28,205 55,486 674,401
38th Street Rachel-Lansing 10,175 - 8,716 8,716 1,459
Forest Dr Grilling-Evergreen 51,753 - - 51,753
42nd St 9th Ave-Wentworth 161,028 - 50,685 50,685 110,343
Evergreen Dr. North Park-Tyrrell 62,543 - 58,421 58,421 4,122
3rd Ave 32nd St-36th St - - 67,512 67,512 (67,512)
Memorial Bld(Feeder) 29th St-31st St 100,000 - - - 100,000
9th Ave 32nd St-36th St 450,000 - - - 450,000
3.253,673 83.496 443.645 527.141 2,726.532
City of Port Arthur 2018 - 2019 Budget
Monthly Report
September 30, 2019
Project To
Total Revised Total Actual Date Project
Capital Improvement Fund Summary Estimated Actual 18-19 Actual Balance
Street Improvements Project Cost Thru 9/30/18 (Unaudited) Thru 9/30/19 Remaining
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 29,323 55,533 796,576
60th Street West Port Arthur-Canal 903,247 32,536 45,446 77,982 825,265
Cedar St 58th St to North End 88,142 - 53,650 53.650 34,492
64th St Garnet-W Port Arthur Rd 201,102 - 140,920 140.920 60,182
58th St Ray Ave to Cedar St 101,013 - 74,235 74,235 26,778
Pine Ave. 60th St.-Dead End 27.681 - 28,604 28,604 (923)
Sharon Dr Cambridge-Queens 29.199 - 36,456 36,456 (7,257)
Waco Ave Gulfway to Thomas Blvd 50.757 - 15,735 15,735 35,022
Lakeside Plaza H.O.Mills-Cashmere 320.000 - - - 320,000
Beaumont Ave Gulfway- 15th St 230,000 - - - 230,000
2.904.613 58.746 424.369 483,115 2.421.498
Total Street Improvement Projects 19,913,561 4,424,925 3,39I,400 7,816,325 12,097,236
Total Drainage Projects - - 58,153 58,153 (58,153)
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 13,920,960 2,136,739 2,794,441 4,931,180 8,989,780
Total Funding Sources 19,913,561 4,424,925 3,449,553 7,874,478 12,039,083
City of Port Arthur 2018 - 2019 Budget
Monthly Report
September 30, 2019
Project To
Total Revised Total Actual Date Project
Captial Improvement Fund Summary Estimated Actual 18-19 Actual Balance
General Improvements Project Cost Thru 9/30/18 (Unaudited) Thru 9/30/19 Remaining
Building Renovation
Develop Svcs Building One Stop Shop 2,650,000 101,042 1,320,027 1,421,069 1,228,931
2,650,000 101,042 1,320,027 1.421.069 1.22 8.931
Technology Upgrades
Telephone&Infastructure 1,238,000 1,266,128 17,096 1,283,224 (45,224)
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 1 ERP Replacement 80,000 - - 80,000
Phase 1 Paper Digitization 150,000 - - 150,000
1,738.000 1.406.043 18.839 1.424.882 313.118
Parks&Recreation Renovations
Recreation Center 230,000 - - 230,000
Mosely Pool 70,000 - - 70,000
Lakeview Pool 250,000 - 7872 7,872 242,128
550,000 - 7.872 7,872 542,128
Total General Improvement Projects 4,938,000 1,507,085 1,346,738 2,853,823 2,084,177
Funding Sources:
Lease Proceeds(Technology) 1,223,742 1,223,742 - 1,223,742 -
General Fund and Miscellaneous 3,714,258 283,343 1,346,738 1,630,081 2,084,177
Total Funding Sources 4,938,000 1,507,085 — 1,346,738 2.853,823 2,084,177
City of Port Arthur 2018-2019 Budget
Monthly Report
September 30,2019
Actual Actual Actual Actual
16-17 17-18 18-19 FY17-FY19
(Unaudited) Total
Disaster Fund Summary
Revenues
Federal/State Grants 6,092,224 6,407,776 1,200,483 13,700,483
Contributions-Donations 10,682 27,424 - 38,106
Insurance Proceeds - 10,015,834 1,261,708 11,277,542
Lease Proceeds - 2,646 - 2,646
Total Revenues 6,102,906 16,453,680 2,462,191 25,018,777
Expenditures
Salaries and Benefits 3,694,644 790,262 4,487 4,489,393
Supplies and Materials 63,291 1,636,543 260,120 1,959,954
Maintenance 121,462 2,171,350 1,454,375 3,747,187
Contractual Services 1,082,631 14,882,112 1,662,907 17,627,650
Capital Outlay 1,140,878 1,224,982 619,103 2,984,963
Total Expenditures 6,102,906 20,705,249 4,000,992 30,809,147
Net Current Activity - (4,251,569) (1,538,801) (5,790,370)
Beginning Fund Balance - - (4,251.569)
Ending Fund Balance (4,251,569) (5,790,370)
Summary by Category
Emergency
Debris Response Equipment Vehicles Facilities Contents Other DAC At Risk Total,
Revenues
FEMA/State $ 13,630,191 $ - S - S - 5 65,476 $ - $ 4,815 $ - $ - $ 13,700,483
Insurance - - 1,236,997 3,314,837 1,980,668 3,815,558 926,610 - - 11,274,670
Lease Proceeds - - - - - - 2,646 - - 2,646
Donations - - - - - - 38,106 - - 38,106
Total 13,630,191 - 1,236,997 3,314,837 2,046,144 3,815,558 972,177 - - 25,015,905
Expenditures
Personnel - 2,911.379 - - - - 4,487 - 1,573,527 4,489,393
Supplies&Materials - - - - 1,959,954 - - - 1,959,954
Maintenance - - 522,896 846,502 1,523,871 506,837 347,081 - - 3,747,187
Contractual Servic 12,875,438 - - - - - 2,640,590 2,111,622 - 17,627,650
Capital Outlay - - 323,399 1,474,944 866,404 320,216 - - - 2,984,963
Total 12,875,438 2,911,379 846,295 2,321,446 2,390,275 2,787,007 2,992,158 2,111,622 1,573,527 30,809,147
Balance S 754,753 $ (2,911,379) $ 390,702 S 993,391 $ (344,131) S 1,028,551 S (2,019,981) S (2,111,622) S (1,573,527) S (5,793,243)
Reimbursements Pending
FEMA
Proj 43252 Fire 482,031 482,031
Proj 44081 Police 1,081,157 1,081,157
Proj 2313 Debris 399,249 399,249
Proj 25340 Sheltering 174,695 174,695
Proj 43250 Hazard Response 594,817 594,817
Proj 4332 Parks - - - - - - 23,302 - - 23,302
Total 399,249 2,332,700 - - - - 23,302 - - 2,755,251
City of Port Arthur, Texas
Investment Report
Portfolio Management Summary
For the Quarter Ended September 30, 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(06/30/2018) 76,918,146.97 76,918,146.97 76.918.146.97
Bank Deposits 7.62% 1.4976% 5,615,971.32 5,621,045.03 5,615,971.32 5,073.71 6,977.19 1
Local Govt Investment Pools 92.38% 2.2279% 68,093,134.99 68,093,134.99 68,093,134.99 0.00 383,964.51 34
Agency Securities 0.00% 0.0000% 0.00 0.00 0.00 0.00 0.00 0
Total/Average at End of Period(09/30/2019) 100.00% 2_172306 73,709.106.31 73,714.180.02 73.709,106.31 5.073.71 390,941.70
DETAIL: Accrued Interest Average
Buy Maturity Face Market Book Interest Earned Days to
Ci. g Date Description Date Yield Amount Value Value At Qtr End During Qtr Maturity
BANK DEPOSITS
09/30/2019 Capital One Bank 10/01/2019 1.4976% 5,615,971.32 5,621,045.03 5,615,971.32 5,073.71 6,977.19 1
Total Bank Deposits 1.4976% 5.615,971.32 5,621,045.03 5.615.971.32 5,073.71 6.977.19 1
LOCAL GOVERNMENT INVESTMENT POOLS
09/30/2019 Texpool 10/01/2019 2.2409% 22,595,959.45 22,595,959.45 22,595,959.45 0.00 127,194.07 35
09/30/2019 Tex Star 10/01/2019 2.2069% 23,234,947.25 23,234,947.25 23,234,947.25 0.00 136,239.90 19
09/30/2019 Texas Class 10/01/2019 2.2367% 22,262,228.29 22,262,228.29 22,262,228.29 0.00 120,530.54 50
Total Local Government Investment Pool 2.2279% 68,093,134.99 68,093,134.99 68.093,134.99 0.00 383,964.51 34
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(09/30/2019) 2.1723% 73.709.106.31 73,714,180.02 73,709,106.31 5.073.71 390.941.70 32
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:
Kandy Daniel, I rim Finance Director
Reviewed By:
C
Harold Han ins, Assistant Finance Director