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2019-2020 Budget
Monthly Report
And
Quarterly Investment Report
December 2019
City of Port Arthur 2019 -2020 Budget
Monthly Report
December 31, 2019
Highlights:
General Fund
General Fund revenues are $42.1 million at December 31,2019 which is above the estimate by$1.5
million. Property tax collections are above the budgeted level by 26%, primarily due to receipt of a
settlement from a major industrial customer which related to a dispute of prior year values. Industrial tax
revenue is $30.9 million with substantially all payments received. Sales tax collections thru December
are 13%above last fiscal year and 17%above the budgeted level. Utility franchise fees,which are made
up of electric, gas,telephone and cable categories are$175,000 above budget at this time and
miscellaneous revenue including interest earnings and land sales have exceeded estimates by$212,000.
Operating expenditures total $13.4 million at December 31, 2019 which is below the budgeted level by
$1.4imillion. There are 529 budgeted positions in the General Fund this Fiscal Year and there are
cuigently 36 vacancies which is down from 44 last month. Budget amendments will be 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
Water Fund revenues total $7 million at the end of December which is slightly below the budgeted level.
Water service charges received from industry exceeds budget estimates by$155,000. However,
residential and commercial revenue is $376,000 under the expected amount at this time.
Water Fund operating expenses total $3.7 million at December 31,2019 and is below budget by
$740,000. There are 120 budgeted positions in the Water Fund and 14 are vacant at this time.
The Water Fund net revenue over expense thru December is approximately$862,000 which is favorable.
Staff will continue to monitor the fund to ensure that expenses remain in line with available revenues.
Solid Waste Fund
Solid Waste revenues total $2 million at the end of December which is below the estimate by$162,000.
Commercial container fees are up from the previous year but are currently $65,000 below the budgeted
amount and landfill dumping fees are below estimated levels by approximately $87,000.
Solid Waste operating expenses currently are over budget by approximately $68,000. Staff will keep the
Council updated on efforts to keep costs in line with available revenues. There are 48 budgeted positions
in Solid Waste this fiscal year and 3 vacancies at this time.
Pleasure Island Fund
Pleasure Island revenues are$18,000 above the estimate at this time primarily due to RV park rentals.
Operating expenses are$54,000 below the budgeted level which keeps expenses in line with available
revenues.
Capital Improvement Program
This section includes street projects by district, drainage projects, general improvements by type,water
utility projects,and Pleasure Island improvements.
The total street program budget is $34.1 million, including$14.2 million for reconstruction and
remediation budgeted in FY2020 which has not yet been allocated to specific projects. $9.1 million has
been spent to date on the current listed street projects. $1.2 million of that has been spent this fiscal year
leaving a balance of$25 million to complete the projects.
A total of$12.8 million has been budgeted for drainage improvements which are primarily funded by
FEMA mitigation grants and CDBG. $1 million has been spent to date, leaving a balance of$11.8
million to complete the projects.
General Improvement projects include building renovations,technology upgrades, parks& recreation
renovations, public works projects and the purchase of a Fire Vehicle. There is currently$8.9 million
budgeted for these projects. Expenditures total $3.4 million spent to date, with$1.9 million spent this
fiscal year and a balance remaining of$5.5 million.
There is currently$65.8 millioncbudgeted for Water Utility improvements,primarily for thf-construction
of the Waste Water Treatment Piant. Certificates of Obligation which are expected to be iwied in April
2020 and purchased by the Texal Water Development Board will provide funding for this project.
Pleasure Island Improvements include a boat launch and parking lot repairs totaling$590,000 of which
$443,000 will be paid for by a grant from the Texas Parks and Wildlife.
Disaster Fund
At this time the Hurricane Harvey Disaster Fund has total revenues of$26.5 million of which $1.5 million
was received this fiscal year. Expenditures currently total $31.3 million which leaves a deficit of$4.8
million. However, pending reimbursements total $2 million which will reduce this deficit to$2.8 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 December 31, cash and investments for the City totaled $98.4 million. This increase of$24.7 million
from the beginning of the quarter is reflective of the City's normal cash flow. The majority of taxes and
industrial payments are received in the first and second quarters of the fiscal year. Bank Deposits of$8
million make up approximately 8.1% of the portfolio while the remainder of$90.4 million(91.9%) is
invested in authorized local government investment pools. The average yield for the quarter is 1.69%
which is down slightly from the previous quarter. Interest earned this quarter totals$385,000. 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 2019 - 2020 Budget
Monthly Report
December 31, 2019
Actual Actual Amended Y-T-D Y-T-D
17-18 18-19 Budget Actual Budget
(Unaudited) 19-20 Thru Dec Thru Dec Variance
General Fund Summary
Revenues
Taxes
Property Taxes 12,316,713 12,476,941 13,240,000 4,162,852 3,306,654 856,198
Industrial District Payments 30,644,284 30,834,585 31,058,446 30,935,321 31,033,446 (98,125)
Sales Tax 10,452,255 9,999,523 9,792,000 2,766,100 2,360,776 405,324
Other Taxes 9,190,955 9,241,698 9,570,000 1,574,303 1,396,276 178,027
Total Taxes 62,604,207 62,552,747 63,660,446 39,438,576 38,097,152 1,341,424
Licenses and Permits 841,860 533,616 441,200 166,547 110,286 56,261
Intergovernmental Revenue 58,228 147,116 122,115 31,653 30,525 1,128
Charges for Services 355,557 439,325 372,800 108,096 93,174 14,922
Fines and Forfeitures 850,301 958,603 935,100 165.570 233,772 (68,202)
Interest and Miscellaneous 1,283,617 979,821 820,900 416,975 205,215 211,760
66 Total Operating Revenues 65,993,770 65,611,228 ,-.66,352,561 40,327,417 38,770,124 1,557,293
7: Transfers and Other Revenues 7,091,869 7,091,718 7,048,995 1,762,249 1,762,245 4
'Vital Revenues 73,085,639 72,702,946 73,401,556 42,089,666 40,532,369 1,557,297
Expenditures
Administration 1,447,224 1,640,851 1,994,868 555,584 467,251 88,333
City Secretary 1,313,215 1,725,393 1,632,662 304,868 351,715 (46,847)
City Attorney 984,382 1,125,738 1,182,723 258,811 256,549 2,262
Finance 2,186,880 2,167,950 2,259,129 366,037 494,960 (128,923)
Information Technology 870,033 1,522,318 1,524,206 339,927 344,126 (4,199)
Human Resources 644,759 617,197 776,797 117,233 168,371 (51,138)
Development Services 4,852,202 5,426,488 6,230,456 1,336,112 1,394,958 (58,846)
Civic Center 653,306 873,507 907,128 167,643 206,110 (38,467)
Police 18,314,943 19,579,324 20,478,722 3,890,497 4,365,361 (474,864)
Fire 13,538,450 14,050,511 14,289,227 3,174,899 3,231,997 (57,098)
Public Works 7,222,861 8,122,259 9,169,571 1,819,231 2,056,203 (236,972)
Health and Welfare 1,399,065 1,455,515 1,595,660 302,829 349,272 (46,443)
Parks and Recreation 2,253,854 2,589,168 3,134,713 453,372 717,871 (264,499)
Library 951,435 1,229,391 1,486,280 265,281 330,643 (65,362)
Total Operating Expenditures 56,632,609 62,125,610 66,662,142 13,352,324 14,735,386 (1,383,062)
Transfers and Other Expenditures $11,510,853 $4,958,216 $11,908,870 3,000,785 3,000,785 -
Total Expenditures 68,143,462 67,083,826 78,571,012 16,353,109 17,736,171 (1,383,062)
Net Current Activity 4,942,177 5,619,120 (5,169,456) 25,736,557 22,796,198
Unassigned Beginning Fund Balance 19,691,779 24,633,956 28,332,799 30,253,076 30,253,076
Unassigned Ending Fund Balance 24,633,956 30,253,076 23,163,343 55,989,633 53,049,274
City of Port Arthur 2019 - 2020 Budget
Monthly Report
December 31, 2019
Actual Actual Amended Y-T-D Y-T-D
17-18 18-19 Budget Actual Budget
(Unaudited) 19-20 Thru Dec Thru Dec Variance
Water Fund Summary
Revenues
Water Service 11,237,669 12,159,359 13,400,000 3,139,232 3,350,000 (210,768)
Water Service-Industry 3,992,756 5,010,731 4,409,000 1,257,693 1,102,250 155,443
Sewer Service 7,191,114 8,398,266 9,700,000 2,259,757 2,425,000 (165,243)
Other Charges for Services 202,596 650,681 664,200 97,926 166,050 (68,124)
Late Fees 494,418 541,125 550,000 135,124 137,500 (2,376)
Interest and Miscellaneous 130,709 348,984 39,800 979 9,950 (8,971)
Total Operating Revenues 23,249,262 27,109,146 28,763,000 6,890,711 7,190,750 (300,039)
Transfers and Other Sources 4,305,408 410,000 410,000 102,500 102.500 -
Total Revenues 27,554,670 27,519,146 29,173,000 6,993,211 7,293,250 (300,039)
Expenses
1251 Administration 1,356,781 1,373,434 1,168,786 307,274 253,972 53,302
1252 Water Purification 5,596,723 5,329,219 5,770,270 896,683 1,386,630 (489,947)
1253 Water Distribution 3,476,479 3,798,066 3,178,135 680,670 703,004 (22,334)
1254 Customer Service 1,194,613 1,618,939 1,470,320 273,326 329,299 (55,973)
1255 Waste Water Conveyance 4,002,064 5,023,993 4,747,419 861,909 1,060,228 (198,319)
1256 Wastewater Treatment 1,987,509 2,568,362 2,472,333 549,809 570,042 (20,233)
1260 Environmental Regulatory Services 441,856 514,328 672,161 146,549 153,014 (6,465)
Total Operating Expenses 18,056,025 20,226,341 19,479,424 3,716,220 4,456,189 (739,969)
Transfers and Other Uses 7,590,270 7,881,201 9,659,132 2,414,783 2,414,783 -
Total Expenses and Other Uses 25,646,295 28,107,542 29,138,556 6,131,003 6,870,972 (739,969)
Net Current Activity 1,908,375 (588,396) 34,444 862,208 422,278
Beginning Working Capital Balance (1,202,686) 705,689 618,040 117,293 117,293
Ending Working Capital Balance 705,689 117,293 652,484 979,501 539,571
(As Adjusted)
City of Port Arthur 2019 - 2020 Budget
Monthly Report
December 31, 2019
Actual Actual Amended Y-T-D Y-T-D
17-18 18-19 Budget Actual Budget
(Unaudited) 19-20 Thru Dec Thru Dec Variance
Solid Waste Fund Summary
Revenues
Residential Service 4,158,037 4,112,128 4,200,000 1,033,519 1,050,000 (16,481)
Commercial Containers 2,015,983 2,133,107 2,531,400 567,874 632,850 (64,976)
Landfill Charges 2,335,938 1,395,483 1,500,000 293,601 375,000 (81,399)
Municipal Landfill Contracts 310,758 232,289 280,000 63,972 70,000 (6,028)
Late Fees 173,293 153,487 175,000 41,750 43,750 (2,000)
Interest and Miscellaneous 696 43,545 - 8,921 - 8,921
Total Revenues 8,994,7058,070,039 8,686,400 2,009,637 2,171,600 (161,963)
Expenses
1271 Trash Collection 1,307,401 1,367,598 1,237,587 294,596 265,884 28,712
1272 Residential Collection 936,306 1,367,021 1,219,650 290,464 259,256 31,208
1273 Container Service 678,516 807,921 664,198 160,409 145,488 14,921
1274 Landfill 2,126,943 2,879,897 2,323,318 534,038 551,780 (17.742)
1275 Administration 98,186 135,444 129,497 38,162 27,441 10,721
TotakOperating Expenses 5,147,352 6,557,881 5,574,250 1,317,669 1,249,850 67,819
Transfers and Other Uses 3,039,070 2,857,534 3,052,684 763,171 763,171 -
Total Expenses and Other Uses 8,186,422 9.415,415 8,626,934 2,080,840 2.013,021 67,819
Net Current Activity 808,283 (1,345,376) 59,466 (71,203) 158,579
Beginning Working Capital Balance 1,777,927 2,586,210 1,960,485 1,240,834 1,240,834
Ending Working Capital Balance 2,586,210 1,240,834 2,019,951 1,169,631 1,399,413
Pleasure Island Summary
Revenues
Land Lease&Sales 594,134 547,242 579,234 143,523 144,807 (1,284)
Dry Storage Rentals 29,026 24,873 30,000 6,063 7,500 (1,437)
RV Park 285,407 248,176 240,000 81,323 60,000 21,323
Boat Slip Rentals 130,301 122,655 129,000 29,824 • 32,250 (2,426) •
Fuel Facility 4.343 3,669 3,000 2.381 750 1,631
Total Revenues 1.043,211 946,615 981,234 263,114 245,307 17,807
Expenses
1291 Administration 582,864 520,027 582,292 105,811 126,230 (20,419)
1292 RV Park 148,883 119,715 146,800 27,282 36,700 (9,418)
1293 Marina 144,007 404,283 60,150 22,323 15,038 7,286
1294 Parks 67,307 38,917 129,690 1,261 32,423 (31,162)
Total Operating Expenses 943,061 1,082,942 918,932 156,677 210,390 (53,713)
Transfers and Other Uses (65,444) 40,000 187,500 46,875 46,875 -
Total Expenses and Other Uses 877,617 1,122,942 1,106,432 203,552 257,265 (53,713)
Net Current Activity 165,594 (176,327) (125,198) 59,562 (11,958)
Beginning Working Capital Balance 397,611 563,205 296,124 386,878 386,878
Ending Working Capital Balance 563,205 386,878 170,926 446,440 374,920
City of Port Arthur 2019 -2020 Budget
Monthly Report
December 31, 2019
Total FY 19-20 Project To
Total Revised Actual Y-T-D Date Project
Estimated Thru 9/30/19 Actual Actual Balance
Capital Improvement Fund Summary Project Cost (1.naudited) Thru Dec Thru 12/31/19 Remaining
Street Improvements
District 1
Nashville Street 7th-Proctor 913,290 148,388 216,066 364,454 548,836
Bluebonnet Gulfway-19th 1,328,280 1,345,502 1,345,502 (17,222)
Woodworth Blvd 7th St-Thomas Blvd. 1,186,728 1,186,998 1,186,998 (270)
W.8th Street Foley-Joe Louis 1,254,267 1,099,558 154,709 1,254,267 -
Lakeshore Drive Ph l 4186-4300 Lakeshore 555,842 531,778 (1,123) 530,655 25,187
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
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 6.048.716 369.652 6,418,368�taj 3,935,600
District 2 •
Williams Avenue Lakeshore-Procter) 15,231 - - 15,231
15th Street Vera-Main 289,351 339,909 2,414 342,323 (52,972)
Carolina Ave Gulfway-Dead End 919,281 68,910 267,563 336,473 582,808
Lakeshore Dr Lakeside-Williams 587,000 80,480 9,806 90,286 496,714
Lakeshore Dr Williams-Stadium 927,000 109,144 14,396 123,540 803,460
8th Street Williams-Duff 21,313 17,660 17,660 3,653
5th Street Stadium-Duff 40,519 96,916 96,916 (56,397)
6th Street Brazos-Duff Dr 51,612 69,687 69,687 (18,075)
Williams Avenue 5th St-Lewis Dr 550,000 - - 550,000
3,401,307 782.706 294.179 1,076,885 2324,422
District 3
Femdale 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 3,150 107,141 237,359
8th Ave 32nd-Dead End 881,394 83,580 173,765 257,345 624,049
Sunken Court Ph 1/Wilson-Tyrrell 405.393 96.050 6,591 102,641 302,752
Sunken Court Ph 2/Tyrrell-Twin City Hwy 729,887 55,486 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-3I st St 100,000 - - 100,000
9th Ave 32nd St-36th St 450,000 - - 450,000
3,253,673 527,141 183.506 710,647 2,543,026
District 4
Viterbo Road Spur 93-End 101,363 - - 101,363
Willow Avenue Maple-60th St 852,109 70,690 170,088 240,778 611,331
60th Street West Port Arthur-Canal 903,247 79,103 223,166 302,269 600,978
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
2.904.613 499,393 393.254 892.647 2,011,966
Street Reconstruction Unallocated 10,000,000 - - - 10,000,000
Street Remediation Unallocated 4,200,000 - - - 4,200,000
Total Street Improvement Projects 34,113,561 7,857,956 1,240,591 9,098,547 25,015,014
City of Port Arthur 2019 - 2020 Budget
Monthly Report
December 31, 2019
FY 19-20 Project To
Total Revised Y-T-D Date Project
Estimated Actual Actual Balance
Captial Improvement Fund Summary Project Cost Thru Dec Thru 12/31/19 Remaining
Drainage Improvements
Upsize Pipes 11&12th at 7th&Lakeshore 678,890 - 678,890
Drainage System at El Vista 1,033,400 8,669 17,773 1,015,627
Drainage System at Port Acres 3,153,000 34,854 58,142 3,094,858
Lake Arthur Detention Pond 5,261,743 900,533 926,182 4,335,561
Drainage System at Golf Course 1,972,133 112 1,972,021
Drainage at Downtown Transit Facility 723,800 - 723,800
Total Drainage Projects 12,822,966 944.056 1,002,209 11,820,757
General Improvements
Information Technology
ERP Replacement 1,480,000 - - 1,480,000
Cloud-based backups 108,000 - - 108,000
Paper Digitization 540,000 - - 540,000 to
2,128,000 - - 2.128.000
Development Services
2545 Dallas-Building Renovations 2,978,000 972,639 2,393,708 584,292
Fire
Replace Haz-Mat Rescue Vehicle 950,000 949.997 949,997 3
Public Works
Replace Roof at Operations Center 100,000 100,000
Renovations to City Hall 462,000 462,000
Renovations to Electrical Building 200,000 200,000
762,000 - - 762.000
Parks&Recreation Renovations -
Renovations to Recreation Center 630,000 - - 630,000
Mosely Pool 70,000 - - 70,000
Renovations to Lakeview Pool Area 300,000 23,616 31,488 268,512
Eagles Park Walking Trail 30,000 30,000
Adams Park Soccer Complex 1,000,000 1,000,000
Barbara Jacket Park-Parking Lot Repairs 100,000 100,000
2.130.000 - 7,872 2.098.512
Total General Improvements 8,948,000 1,922,636 3,351,577 5,572,807
Water Utility Improvements
Waste Water Treatment Plant Construction 60,560,000 - 60,560,000
Lift Stations 2,850,000 - 2,850,000
Water Tank Rehabilitation 1,750,000 3,575 3,575 1,746,425
Sabine Pass Collection Systems 600,000 - 600,000
Total Water Utility Improvements 65,760,000 3,575 3,575 65,756,425
Pleasure Island Imrovements
Boat Launch/Parking Lot Repairs 590,000 - 590,000
-
Total Pleasure Island Improvements 590.000 - 590,000
City of Port Arthur 2019-2020 Budget
Monthly Report
December 31,2019
Actual Actual Actual Y'-T-D Actual
16-17 17-18 18-19 Actual FY17-FY20
(Unaudited) Thru Dec Total
Disaster Fund Summary
Revenues
Federal/State Grants 6,092,224 6,407,776 1,200,483 1,415,381 15,115,864
Contributions-Donations 10,682 27,424 - - 38,106
Insurance Proceeds - 10,015,834 1,261,708 36,276 11,313,818
Lease Proceeds - 2,646 - - 2,646
Total Revenues 6,102,906 16,453,680 2,462,191 1,451,657 26 470 434
Expenditures
Salaries and Benefits 3,694,644 790,262 4,487 29,047 4,518,440
Supplies and Materials 63,291 1,636,543 260,120 8,726 1,968,680
Maintenance 121,462 2,171,350 1,454,375 127,920 3,875,107
Contractual Services 1,082,631 14,882,112 1,607,738 317,932 17,890,413
Capital Outlay 1,140,878 1,224,982 619,103 56,944 3,041,907
Total Expenditures 6,102,906 20,705.249 3,945,823 540,569 31,294,547
Net Current Activity - (4,251,569) (1,483,632) 911,088 (4,824,113)
Beginning Fund Balance - - (4,251,569) (5,735,201)
Ending Fund Balance - (4,251,569) (5,735,201) (4,824,113)
Summary by Category
Emergency
Debris Response Equipment Vehicles Facilities Contents Other DAC At Risk Total
Revenues
FEMA/State $ 13,747,235 S 1,243,298 $ - $ - $ 65,476 $ - S 59,855 $ - $ - $ 15,115,864
Insurance - - 1,237,897 3,324,837 1,980,668 3,818,430 951,986 - - 11,313,818
Lease Proceeds - - - - - - 2,646 - - 2,646
Donations - - - - - 38,106 - - 38,106
Total 13,747,235 1,243,298 1,237,897 3,324,837 2,046,144 3,818,430 1,052,593 - - 26,470,434
Expenditures
Personnel - 2,911,379 29,047 - - - 4,487 - 1,573,527 4,518,440
Supplies&Materials - - - - 1,968,680 - - - 1,968,680
Maintenance - - 524,849 846,502 1,605,088 506,837 391,831 - - 3,875,107
Contractual Servic 12,875,438 - - - - - 2,754,332 2,260,643 - 17,890,413
Capital Outlay - - 379,728 1,474,944 866,404 320,831 - - - 3,041,907
Total 12,875,438 2,911,379 933,624 2,321,446 2,471,492 2,796,348 3,150,650 2,260,643 1,573,527 31,294,547
Balance S 871,797 S(1,668,081) S 304,273 S 1,003,391 S (425,348) S 1,022,082 S (2,098,057) S (2,260,643) $ (1,573,527) S (4,824,113)
Reimbursements Pending
FEMA
Proj 43252 Fire 482,031 482,031
Proj 44081 Police 12,554 12,554
Proj 2313 Debris 282,206 282,206
Proj 43250 Hazard Response 594,817 594,817
Insurance -
Library contents 290,700 290,700
Garage contents - - - - - 348,207 - - - 348,207
Total 282,206 1,089,402 - - - 638,907 - - - 2,010,515
City of Port Arthur,Texas
Investment Report
Portfolio Management Summary
For the Quarter Ended December 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(09130/2019) 73.709.106.31 73.714.180 02 73,709.106.31
Bank Deposits 8.10% 1.3659% 7.972,031.86 7.975,109.22 7,972,031 86 3.077.36 9,347.54 1
Local Govt Investment Pools 91.90% 1.7232% 90.469.231.88 90.469,231 88 90.469.231.88 0.00 376,096.89 36
Agency Securities 0.00% 0.0000% 0.00 0.00 0.00 000 0 00 0
Total/Average at End of Period(12131/2019) 100.00% Ilan 68.441.283.74 98.444.341.A 98.441.263.74 $.077.36 385444,43 ,},}
DETAIL: Accrued Interest Average
Buy Maturity Face Market Book Interest Earned Days to
ci.Lsig Date Description Date Yield Amount Value Value At Qtr End During Qtr Maturity
BANK DEPOSITS
12/31/2019 Capital One Bank 01/01/2020 1 3659% 7,972.031 86 7,975.109 22 7.972.031.86 3,077.36 9,347 54 1
Total Bank Deposits 1.3659% 7.972.031.86 7.975.109.22 7,972,031.86 3.077.36 9,347.54 1
LOCAL GOVERNMENT INVESTMENT POOLS
12/31/2019 Texpool 01/01/2020 1 7372% 30.221,549 24 30.221.54924 30.221.549.24 0.00 125.589.79 35
12/31/2019 Tex Star 01/0112020 1 6777% 30,859.432.58 30 859,432.58 30,859.432.58 0.00 124,485.33 30
12/31/2019 Texas Class 01/01/2020 1 7567% 29,388.250.06 29.388,250.06 29.388,250.06 0.00 126.021 77 44
Total Local Government Investment Pool 1.7232% 90 469.231.88 90469.231.88 90,469,231.88 0.00 376,096.89 36
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(12/31/2019) 1.6943% 98,441,263.74 98.444,341.10 98,441,263.74 3.077.36 385.444.43 33
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, terim Finance Director
Reviewed By:
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Harold Hankins,Assistant Finance Director