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Home My WebLink AboutMARCH 2020 FINANCIAL REPORT 1 Energy City of ; City \ .sem ,„, ort rth u r 2019-2020 Budget Monthly Report And Quarterly Investment Report March 2020 City of Port Arthur 2019 -2020 Budget Monthly Report March 31, 2020 Highlights: General Fund General Fund revenues are$59 million at March 31, 2020 which is above the estimate by$3 million. Property tax collections have been received as expected and are currently above the budgeted level by 13%. The majority of property taxes were due on January 31. Industrial tax revenue is$30.9 million with substantially all payments received. Sales tax received through March are 15%above last fiscal year and 14%above the budgeted level and represent sales through January. Utility franchise fees,which are made up of electric,gas,telephone and cable categories are$188,000 above budget at this time and miscellaneous revenue including interest earnings and land sales have exceeded estimates by$277,000. Operating expenditures total$29.7 million at March 31, 2020 which is below the budgeted level by$2.7 million. There are 529 budgeted positions in the General Fund this Fiscal Year and there are currently 39 vacancies. 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. The General Fund amended budget has an estimated ending fund balance of$25 million which equates to approximately 137 days of operating expenditures. At this level,the fund balance is well in excess of the minimum requirement of 60 days plus an additional $1.5 million or approximately 68 days. Staff will continue to monitor the fund and update Council if revenues begin to fall below the expected level so that alternate measures can be taken. Water Fund Water Fund revenues total$13.9 million at the end of March which is below the budgeted level. Water service charges received from industry exceeds budget estimates by$415,000. However,residential and commercial revenue is$926,000 under the expected amount at this time. Water Fund operating expenses total $9.3 million at March 31,2020 and is below budget by$223,000. There are 120 budgeted positions in the Water Fund and 12 are vacant at this time. The Water Fund budget is balanced. However,year to date actual reflects a net expense over revenue of $220,000. 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 total$4.1 million at the end of March which is below the estimate by S259,000. Commercial container fees are up from the previous year but are currently S 117,000 below the budgeted amount and landfill dumping fees are currently below estimated levels by approximately$109,000. Solid Waste operating expenses currently are over budget by approximately$332,000. A new customer was approved which will bring additional revenues to the Landfill over the next two years and will provide funding for capital improvements. However,this project has been delayed until later this year. Staff will keep the Council updated on this and other efforts to keep costs in line with available revenues. There are 48 budgeted positions in Solid Waste this fiscal year and 2 vacancies at this time. Pleasure Island Fund Pleasure Island revenues are$14,000 above the estimate at this time primarily due to RV park rentals. Operating expenses are$99,000 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 fully allocated to specific projects. $11.3 million has been spent to date on the current listed street projects. $3.3 million of that has been spent this fiscal year leaving a balance of$22.8 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. $1.1 million has been spent to date, leaving a balance of$11.7 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 $3.9 million spent to date,with$2.5 million spent this fiscal year and a balance remaining of$5.0 million. The current estimated project cost for Water Utility improvements is$72 million,primarily for the construction of the Waste Water Treatment Plant. (The design phase of the Waste Water Treatment Plant which began in 2015 has been added to the report this month.) Certificates of Obligation which are expected to be issued in April 2020 and purchased by the Texas Water Development Board will provide funding for this project. $2.3 million has been spent to date on open projects with$848,000 spent this fiscal year. 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$27.3 million of which $2.3 million was received this fiscal year. Expenditures currently total $32.1 million which leaves a deficit of$4.8 million. However,pending reimbursements total$1.4 million which will reduce this deficit to S3.4 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$103.6 million. This increase of$5.2 million is attributable to receipt of proceeds from the sale of$10 million in Certificates of Obligation along with debt service payments on previous bond issues in February. Bank Deposits of$5.8 million make up approximately 6%of the portfolio while the remainder of$97.8 million(94%)is invested in authorized local government investment pools. The average yield for the quarter is 1.4%which is down from the previous quarter. Interest earned this quarter is$340,000 and totals$1.3 million 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 2019 - 2020 Budget Monthly Report March 31, 2020 Actual Actual Amended Y-T-D Y-T-D 17-18 18-19 Budget Actual Budget (Unaudited) 19-20 Thru Mar Thru Mar Variance General Fund Summar\ Revenues Taxes Property Taxes 12,316,713 12,476,941 13,240,000 14,161,096 12,429,476 1,731,620 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 5,619,899 4,898,915 720,984 Other Taxes 9,190,955 9,241,698 9,570,000 2,975,490 2,782,652 192,838 Total Taxes 62,604,207 62,552,747 63,660,446 53,691,806 51,144,489 2,547,317 Licenses and Permits 841,860 533,616 441,200 418,517 220,572 197,945 Intergovernmental Revenue 58,228 147,116 122,115 60,395 61,050 (655) Charges for Services 355,557 439,325 372,800 233,684 186,348 47,336 Fines and Forfeitures 850,301 958,603 935,100 377,035 467,544 (90,509) Interest and Miscellaneous 1,283,617 979,821 820.900 687,108 410,430 276,678 Total Operating Revenues 65,993,770 65,611,228 66,352,561 55,468,545 52,490,433 2,978,112 Transfers and Other Revenues 7,091,869 7,091,718 7,048,995 3,524,498 3,524,490 8 Total Revenues 73,085,639 72,702,946 73,401,556 58,993.043 56.014.923 2,978,120 end Expitures Administration 1,447,224 1,640,851 1,994,868 987,957 980,271 7,686 City Secretary 1,313,215 1,725,393 1,632,662 688,530 785,540 (97,010) City Attorney 984,382 1,125,738 1,182,723 557,924 570,017 (12,093) Finance 2,186,880 2,167,950 2,259,129 1,118,419 1,136,268 (17,849) Information Technology 870,033 1,522,318 1,524,206 601,570 741,962 (140,392) Human Resources 644,759 617,197 776,797 293,805 374,310 (80,505) Development Services 4,852,202 5,426,488 6,230,456 2,638,023 3,026,506 (388,483) Civic Center 653,306 873,507 957,128 411,639 467,289 (55,650) Police 18,314,943 19,579,324 20,478,722 9,044,395 9,827,914 (783,519) Fire 13,538,450 14,050,511 14,289,227 6,906,213 7,047,382 (141,169) Public Works 7,222,861 8,122,259 9,169,571 4,026,492 4,455,955 (429,463) Health and Welfare 1,399,065 1,455,515 1,595,660 714,712 770,752 (56,040) Parks and Recreation 2,253,854 2,589,168 3,134,713 1,093,282 1,531,462 (438,180) Library 951,435 1,229,391 1,486,280 601,009 720,816 (119.807) Total Operating Expenditures 56,632,609 62,125,610 66,712,142 29,683,970 32,436,442 (2,752,472) Transfers and Other Expenditures $11,510,853 $4,958,216 $11,908,870 5,944.720 5,944,720 - Total Expenditures 68,143,462 67,083,826 78.621.012 35.628.690 38.381.162 (2,752,472) Net Current Activity 4,942,177 5,619,120 (5,219,456) 23,364,353 17,633,761 Unassigned Beginning Fund Balance 19,691,779 24,633,956 30,253,076 30,253,076 30,253,076 Unassigned Ending Fund Balance 24,633,956 30,253,076 25,033,620 53,617,429 47,886,837 Unassigned Fund Balance in Days 137 659 539 Minimum 60 Days+S1,500,000 City of Port Arthur 2019-2020 Budget Monthly Report March 31, 2020 Actual Actual Amended Y-T-D Y-T-D 17-18 18-19 Budget Actual Budget (Unaudited) 19-20 Thru Mar Thru Mar Variance Water Fund Summary Revenues Water Service 11,237,669 12,159,359 13,400,000 6,177,173 6,700,000 (522,827) Water Service-Industry 3,992,756 5,010,731 4,409,000 2,619,671 2,204,500 415,171 Sewer Service 7,191,114 8,398,266 9,700,000 4,446,907 4,850,000 (403,093) Other Charges for Services 202,596 650,681 664,200 207.386 332,100 (124,714) Late Fees 494,418 541,125 550,000 241.269 275,000 (33,731) Interest and Miscellaneous 130,709 348,984 39,800 3.463 19,900 (16,437) Total Operating Revenues 23,249,262 27,109,146 28,763,000 13,695,869 14,381,500 (685,631) Transfers and Other Sources 4,305,408 410,000 410,000 205.000 205,000 - Total Revenues 27.554.670 27,519,146 29,173,000 13.900.869 14,586,500 (685,631) Expenses 1251 Administration 1,356,781 1,373,434 1,175,786 682,324 567,043 115,281 1252 Water Purification 5,596,723 5,329,219 5,770,270 3,219,507 2,854,623 364,884 1253 Water Distribution 3,476,479 3,798,066 3,167,135 1,446,526 1,533,642 (87,116) 1254 Customer Service 1,194,613 1,618,939 1,470,320 594,579 714,280 (119,701) 1255 Waste Water Conveyance 4,002,064 5,023,993 4,751,419 1,989,961 2,306,640 (316,679) 1256 Wastewater Treatment 1,987,509 2,568,362 2,472,333 1,095,988 1,209,962 (113,974) 1260 Environmental Regulatory Services 441,856 514,328 672,161 262,241 327,884 (65,643) Total Operating Expenses 18,056,025 20,226,341 19,479,424 9,291,126 9,514,076 (222,950) Transfers and Other Uses 7,590,270 7,881,201 9,659,132 4,829,566 4,829,566 - Total Expenses and Other Uses 25,646,295 28,107,542 29,138,556 14,120,692 14,343,642 (222,950) Net Current Activity 1,908,375 (588,396) 34,444 (219,823) 242,858 Beginning Working Capital Balance (1,202,686) 705,689 117,293 117,293 117.293 Ending Working Capital Balance 705,689 117,293 151,737 (102,530) 360,151 (As Adjusted) City of Port Arthur 2019-2020 Budget Monthly Report March 31, 2020 Actual Actual Amended Y-T-D Y-T-D 17-18 18-19 Budget Actual Budget (Unaudited) 19-20 Thru Mar Thru Mar Variance Solid Waste Fund Summary Revenues Residential Service 4,158,037 4,112,128 4,200,000 2,059,092 2,100,000 (40,908) Commercial Containers 2,015,983 2,133,107 2,531,400 1,148,769 1,265,700 (116,931) Landfill Charges 2,335,938 1,395,483 1,500,000 640,966 750,000 (109,034) Municipal Landfill Contracts 310,758 232,289 280,000 151,478 140,000 11,478 Latc Fccs 173,293 153,487 175,000 75,089 87,500 (12,411) Interest and Miscellaneous 696 43.545 - 8,921 - 8.921 Total Revenues 8,994,705 8,070,039 8,686,400 4,084,315 4,343,200 (258,885) Expenses 1271 Trash Collection 1,307,401 1,367,598 1,244,087 582,562 598,309 (15,747) 1272 Residential Collection 936,306 1,367,021 1,228,650 674,018 589,422 84.596 1273 Container Service 678,516 807,921 652,198 384,315 314,884 69,431 1274 landfill 2,126,943 2,879,897 2,319,818 1,296,322 1,144,064 152,258 1275 Administration 98,186 135,444 129,497 103,885 62,058 41,827 Total Operating Expenses 5,147,352 6,557,881 5,574,250 3,041,102 2,708,736 332,366 Transfers and Other Uses 3,039,070 2,857,534 3.052,684 1,526,342 1.526,342 - Total Expenses and Other Uses 8,186,422 9,415,415 8,626,934 4,567,444 4,235,078 332,366 Net Current Activity 808,283 (1,345,376) 59,466 (483,129) 108,122 Beginning Working Capital Balance 1,777,927 2.586,210 1.240.834 1,240,834 1,240,834 Ending Working Capital Balance 2,586,210 1.240,834 1,300,300 757,705 1,348,956 Pleasure Island Summary Revenues Land Lease&Sales 594,134 547,242 579,234 282,784 289,617 (6,833) Dry Storage Rentals 29,026 24,873 30,000 11,348 15,000 (3,652) RV Park 285,407 248,176 240,000 150,592 120,000 30,592 Boat Slip Rentals 130,301 122,655 129,000 56,025 64,500 (8,475) Fuel Facility 4,343 3,669 3,000 3,792 1,500 2,292 Total Revenues 1,043,211 946,615 981,234 504,541 490,617 13,924 Expenses 1291 Administration 582,864 520,027 582,292 249,663 280,595 (30,932) 1292 RV Park 148,883 119,715 146,800 48,415 73,400 (24,985) 1293 Marina 144,007 404,283 60,150 46,830 30,075 16,755 1294 Parks 67,307 38,917 129,690 4,772 64,845 (60,073) Total Operating Expenses 943,061 1,082,942 918,932 349,680 448,915 (99,235) Transfers and Other Uses (65,444) 40,000 187,500 93,750 93,750 - Total Expenses and Other Uses 877,617 1,122,942 1,106,432 443,430 542,665 99,235) Net Current Activity 165,594 (176,327) (125,198) 61,111 (52,048) Beginning Working Capital Balance 397,611 563,205 386,878 386,878 386,878 Ending Working Capital Balance 563,205 386,878 261,680 447,989 334,830 City of Port Arthur 2019-2020 Budget Monthly Report March 29,2020 Total FY 19-20 Project To Total Revised Actual Actual V-T-D Date Project Estimated Thru 9/30/19 18-19 Actual Actual Balance Capital Improvement Fund Summary Project Cost (Unaudited) (Unaudited) Thru Mar Thru 3/31/20 Remaining Street Improvements District 1 Nashville Street 7th-Proctor 913,290 272,355 237,574 535,027 807,382 105,908 Bluebonnet Gulfway-19th 1,328,280 1,345,502 117,927 1,345,502 (17,222) Woodworth Blvd 7th St-Thomas Blvd. 1,186,728 1,186,998 129,333 1,186,998 (270) W.8th Street Foley-Joe Louis 1,254,267 1,099,558 805,393 154,709 1,254,267 - Lakeshore Drive Ph I 4186-4300 Lakeshore 555,842 531,778 331,945 (1,123) 530,655 25,187 Lakeshore Drive Ph 2 12th Av-4186/4300-Stadium 723,536 14,500 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 24,753 7,015 Marshall 100-Gulfway 159,616 102,369 102,369 102,369 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 Pavement Condition Survey 21,573 16,641 16,641 4,932 10,375.541 6,172,683 1.936,105 705.254 6.877.937 3,497,604 District 2 Williams Avenue Lakeshore-Procter 15,231 - - 15,231 15th Street Vera-Main 289,351 339,909 322,354 - 339,909 (50,558) Carolina Ave Gulfway-Dead End 919,281 68,910 40,360 678,862 747,772 171,509 Lakeshore Dr Lakeside-Williams 587,000 90,286 90,286 4,174 94,460 492,540 Lakeshore Dr Williams-Stadium 927,000 123,540 123,540 4,480 128,020 798,980 8th Street Williams-Duff 21,313 17,660 17,660 17,660 3,653 5th Street Stadium-Duff 40,519 96,916 96,916 96,916 (56,397) 6th Street Brazos-Duff Dr 51,612 69,687 69,687 69,687 (18,075) Williams Avenue 5th St-Lewis Dr 550,000 - - 550,000 Pavement Condition Survey 17,383 13,408 13,408 3,975 3,418.690 806,908 760,803 700.924 1,507,832 1,910.858 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 344,500 107,141 107,141 3,870 111,011 233,489 8th Ave 32nd-Dead End 881,394 83,580 55,030 191,285 274,865 606,529 Sunken Court Ph 1/Wilson-Tyrrell 405,393 96,050 71,085 767,022 863,072 (457,679) Sunken Court Ph 2/Tyrrell-Twin City Hwy 729,887 55,486 28,205 55,486 674,401 38th Street Rachel-Lansing 10,175 8,716 8,716 8,716 1,459 Forest Dr Gritting-Evergreen 51,753 - - 51,753 42nd St 9th Ave-Wentworth 161,028 50,685 50,685 50,685 110,343 Evergreen Dr. North Park-Tyrrell 62,543 58,421 58,421 58,421 4,122 3rd Ave 32nd St-36th St - 67,512 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 Pavement Condition Survey 13,143 10,138 10,138 3,005 3266.816 530.291 446,795 972.315 1.502.606 1,764.210 District 4 Viterbo Road Spur 93-End 101,363 - - 101,363 Willow Avenue Maple-60th St 852,109 70,690 44,480 415,306 485,996 366,113 60th Street West Port Arthur-Canal 903,247 79,103 46,567 507,406 586,509 316,738 Cedar St 58th St to North End 88,142 53,650 53,650 53,650 34,492 64th St Garnet-W Port Arthur Rd 201,102 140,920 140,920 140,920 60,182 58th St Ray Ave to Cedar St 101,013 74,235 74,235 74,235 26,778 Pine Ave. 60th St.-Dead End 27,681 28,604 28,604 28,604 (923) Sharon Dr Cambridge-Queens 29,199 36,456 36,456 36,456 (7,257) Waco Ave Gulfway to Thomas Blvd 50,757 15,735 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 Pavement Condition Survey 46,401 35,793 35,793 10,608 2.951,014 499.393 440.647 958.505 1.457,898 1.493,116 Street Reconstruction Unallocated 9,930,634 - - - 9,930,634 Street Remediation Unallocated 4,170,866 - - - 4,170,866 Total Street Improvement Projects 34,113,561 8,009,275 3,584,350 3,336,998 11,346,273 22,767,288 City of Port Arthur 2019-2020 Budget Monthly Report March 31, 2020 Total FY 19-20 Project To Total Revised Actual Y-T-D Date Project Estimated Thru 9/30/19 Actual Actual Balance Captial Improvement Fund Summary Project Cost (Unaudited) Thru Mar Thru 3/31/20 Remaining Upsize Pipes 11&12th at 7th&Lakeshore 678,890 - - 678,890 Drainage System at El Vista 1,033,400 9,104 18,146 27,250 1,006,150 Drainage System at Port Acres 3,153,000 23,288 66,730 90,018 3,062,982 Lake Arthur Detention Pond 5,261,743 25,649 927,431 953,080 4,308,663 Drainage System at Golf Course 1,972,133 112 112 1,972,021 Drainage at Downtown Transit Facility 723,800 - - 723,800 • Total Drainage Projects 12,822,966 58,153 1,012,307 1,070,460 11,752,506 General Improvements Information Tech noloe ERP Replacement 1,480,000 - 126,990 126,990 1,353,010 Cloud-based backups 108,000 - 61,904 61,904 46,096 Paper Digitization 540,000 - - - 540,000 2,128,000 - 188,894 188,894 1,939.106 Development Services 2545 Dallas-Building Renovations 2,978,000 1,421,069 1,125,268 2,546,337 431,663 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 - 26,100 26,100 435,900 Renovations to Electrical Building 200,000 - - - 200,000 762.000 - 26.100 26.100 735.900 Parks&Recreation Renovations - Renovations to Recreation Center 630,000 - 90,526 90,526 539,474 Mosely Pool 82,000 - 82,000 82,000 - Renovations to Lakeview Pool Area 300,000 7,872 24,364 32,236 267,764 Eagles Park Walking Trail 30,000 30,000 Adams Park Soccer Complex 1,000,000 1,000,000 Barbara Jacket Park-Parking Lot Repairs 88,000 88,000 2,130,000 7,872 196,890 204,762 1,925,238 Total General Improvements 8.948.000 1,428,941 2,487,149 3,916,090 5,031,910 Water Utility Improvements Waste Water Treatment Plant Engineering 6,282,200 1,424,719 816,457 2,241,176 4,041,024 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 31,386 31,386 1,718,615 Sabinc Pass Collection Systems 600,000 - 600,000 Total Water Utility Improvements 72,042,200 1,424,719 847,843 2,272,562 69,769,639 Pleasure Island lmrosements 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 March 31,2020 Actual Actual Actual Y-T-D Actual 16-17 17-18 18-19 Actual FY17-FY20 (Unaudited) Thru Mar Total Uisastcr Fund Summary Revenues Federal/State Grants 6,092,224 6,407,776 1,200,483 1,531,764 15,232,247 Contributions-Donations 10,682 27,424 - - 38,106 Insurance Proceeds - 10.015.834 1.261.708 727.290 12,004,832 Lease Proceeds - 2,646 - - 2,646 Total Revenues 6,102,906 16,453,680 2,462,191 2,259,054 27,277,831 em pares Salaries and Benefits 3,694,644 790,262 4,487 51,109 4,540,502 Supplies and Materials 63,291 1,636,543 263,264 9,838 1,972,936 Maintenance 121,462 2,171,350 1,457,233 341,630 4,091,675 Contractual Services 1,082,631 14,882,112 1,617,086 603,068 18,184,897 Capital Outlay 1,140,878 1,224,982 619,103 345,221 3,330,184 Total Expenditures 6,102,906 20,705,249 3,961,173 1,350,866 32,120,194 Net Current Activity - (4,251,569) (1,498,982) 908,188 (4,842,363) Beginning Fund Balance - - (4,251,569) (5,750,551) Ending Fund Balance - (4,251,569) (5,750,551) (4,842,363) Summary by Cateeory Emergency Debris Rcsuunse Equipment Vehicles Facilities Contents Other DAC At Risk Total Revenues FEMA/State $ 13,747,235 S 1,290,463 S - $ - S 65,476 $ - $ 129,073 $ - $ - $ 15,232,247 Insurance - - 1,246,897 3,324,837 2,023,775 4,457,337 951,986 - - 12,004,832 Lease Proceeds - - - - - - 2,646 - - 2,646 Donations - - - - - - 38,106 - - 38,106 Total 13,747,235 1,290,463 1,246,897 3,324,837 2,089,251 4,457,337 1,121,811 - - 27,277,831 Expenditures Personnel - 2,911,379 51,109 - - - 4,487 - 1,573,527 4,540,502 Supplies&Materials - - - - 1,972,936 - - - 1,972,936 Maintenance - - 524,849 846,502 1,780,398 506,837 433,089 - - 4,091,675 Contractual Servic 12,875,438 - - - - - 2,784,396 2,525,063 - 18,184,897 Capital Outlay - - 379,728 1,474,944 866,404 320,868 288,240 - - 3,330,184 Total 12,875,438 2,911,379 955,686 2,321,446 2,646,802 2,800,641 3,510,212 2,525,063 1,573,527 32,120,194 Balance S 871,797 $(1,620,916) S 291,211 $ 1,003,391 $ (557,551) $ 1,656,696 $ (2,388,401) $ (2,525,063) 5 (1,573,527) $ (4,842,363) Reimbursements fending FEMA Proj 43252 Fire 482,031 482,031 Proj 44081 Police 12,554 12,554 Proj 2313 Debris 282,206 282,206 Proj 25340 Sheltering - Proj 43250 Hazard Response 594,817 - - - - - - - 594,817 Total 282,206 1,089,402 - - - - - - - 1,371,608 City of Port Arthur,Texas Investment Report Portfolio Management Summary For the Quarter Ended March 31,2020 SUMMARY: Accrued Interest Average %of Face Market Book Interest Earned Days to Portfolio `1,,atd AmountValue Value At Qtr End During Qtr Maturity Portfolio At Beginning of Period(12131!2019) 98 441,263 74 98.444 341 10 98.441 263 74 Bank Deposits 5.61% 1.0492% 5.811.177.13 5.813,540.61 5.811,177.13 2.463.48 8191.97 1 Local Govt Investment Pools 94.39% 1.3913% 97.800.707.99 97,800.707.99 97,800.707.99 0.00 331,476.11 38 Agency Securities 0.00% 0.0000% 0.00 0.00 0.00 0.00 0.00 0 Total/Average at End of Period(313112020) 100.00'! 1.3721% 103.611.885.12 103.614.348.6Q 103.611.885.12 2.463.48 339.868.08 2.i DETAIL: Accrued Interest Average Buy Maturity Face Market Book Interest Earned Days to CuslpQ Description Date Yield Amount Value Value At Qtr End During Qtr Maturity BANK DEPOSITS 03/31/2020 Capital One Bank 04/01/2020 1.0492% 5.811,177 13 5,813.640.61 5.811,177.13 2,463.48 8,191.97 1 Total Bank Deposits 1.0492% 5,811,177.13 5.813,640.61, 5.811,177.13 2,463.48 8,191.97 1 LOCAL GOVERNMENT INVESTMENT POOLS 03/31/2020 Texpool 04/01/2020 1.3956% 33,333.573.87 33.333.573.87 33.333.573.87 0.00 112,024.63 30 03/3112020 Tex Star 04/01/2020 1.3575% 31.968,153.31 31,968,153.31 31.968,153.31 0.00 108.720.73 31 03/31/2020 Texas Class 04/01/2020 1.4200% 32.498.980.81 32,498.980.81 32,498,980.81 0.00 110,730.75 52 Total Local Government Investment Pool 1.3913% 97.800,707.99 97.800.707.99 97 800 707.99 0.00 331,476.11 38 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(3131/2020) 1.37211/4 103,611,885.12 103,614,348.60 103,611.885.12 2,463.48 339.668.08 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,�terim Finance Director Reviewed By:/� / / - a/2-6' 6i /e 7Vaiz�G/Za- Harold Hankins,Assistant Finance Director