CITY OF LAGO VISTA MONTHLY FINANCIAL REPORT - AUGUST 2020 Security Bank: General Account 74,094.02 $ Utility Account 613,703.88 $ Accounts Payable Account 15,340.82 $ Payroll Account 4,486.02 $ F-4 Project 1,191.29 $ Logic Investments: Utility Fund Reserve Account 4,479,799.60 $ Interest 23,628.74 $ Water Impact Fees 2,857,022.53 $ Interest 82,932.61 $ Debt Service 262,804.95 $ Interest 35,472.31 $ Retainage 205,194.75 $ Interest 918.06 $ Bed Tax 532,963.90 $ Interest 9,512.58 $ Customer Deposits 270,805.00 $ Interest 17,284.44 $ Park Fund 585,000.00 $ Interest 26,904.85 $ LCRA Hollows Water 176,203.78 $ Interest 13,797.64 $ Austin Boulevard Paving 26,049.92 $ Interest 1,912.22 $ Wastewater Impact Fees 2,295,044.79 $ Interest 82,632.56 $ 2017 CO Receiving Account - $ Interest 6,334.94 $ Wastewater Treatment Plant I 1,087,000.50 $ Interest 162,035.75 $ Water Quality Improvements 92,918.26 $ Interest 5,890.15 $ Lift Station Scada Improveme 35,849.31 $ Interest 7,306.43 $ Water Master Plan #1 Recomm 139,241.10 $ Interest 124,386.05 $ 2018 LCRA Reuse Water Gran 2,594.87 $ Interest 1,110.12 $ Town Center Development 769,811.74 $ Interest 12,882.43 $ Employee Benefits Trust - $ Interest - $ CCN Application 1.00 $ Interest 1.08 $ General Fund Reserve Accou 2,135,006.99 $ Interest 96,346.88 $ Real Estate 1,784,307.12 $ Interest 13,487.26 $ Leak Detection Survey 650.00 $ Interest 255.21 $ Public Works Breakroom 10,000.00 $ Interest 114.31 $ Golf Course Reconstruction - $ Interest - $ TOTAL 19,182,232.76 $ Actual Percent Budgeted Collected Collected 2019-20 Taxes 6,819,460 $ 6,695,297 $ 98.18% Delinquent Taxes - $ 133,334 $ 1.96% Total 6,819,460 $ 6,828,631 $ 100.13% Revenues for Fiscal Year: Expenditures for Fiscal Year: General Fund 11,011,150.15 $ General Fund 9,703,056.26 $ Hotel Fund 107,241.96 $ Hotel Fund 53,009.14 $ Aviation Fund 228,832.28 $ Aviation Fund 208,413.44 $ Utility Fund 6,586,411.64 $ Utility Fund 5,732,450.41 $ Golf Course Fund 677,616.98 $ Golf Course Fund 959,476.06 $ 18,611,253.01 $ 16,656,405.31 $ AUGUST Interest Rates - Logic Accounts - Average = 0.3154% AUGUST ECR Interest Rates - Security Bank Accounts = 0.1000% AUGUST Pledged Securities - Security State Bank -$4,291,153.53
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CITY OF LAGO VISTA MONTHLY FINANCIAL REPORT - AUGUST 2020
Revenues for Fiscal Year: Expenditures for Fiscal Year: General Fund 11,011,150.15$ General Fund 9,703,056.26$ Hotel Fund 107,241.96$ Hotel Fund 53,009.14$ Aviation Fund 228,832.28$ Aviation Fund 208,413.44$ Utility Fund 6,586,411.64$ Utility Fund 5,732,450.41$ Golf Course Fund 677,616.98$ Golf Course Fund 959,476.06$
18,611,253.01$ 16,656,405.31$
AUGUST Interest Rates - Logic Accounts - Average = 0.3154% AUGUST ECR Interest Rates - Security Bank Accounts = 0.1000%AUGUST Pledged Securities - Security State Bank -$4,291,153.53
CITY OF LAGO VISTA MONTHLY FINANCIAL REPORT
AUGUST 31, 2020 - FISCAL YEAR END SEPTEMBER 30, 2020 - Ad Valorem Taxes
Ad Valorem Taxes
Current Taxes for Year 2019 - Billed by Travis County Tax Office: 6,819,459.50$ Tax Adjustments for Year 2020 from Travis County Tax Office: 49,272.60$ Current Taxes for Year 2020 after adjustments: 6,770,186.90$
Base Tax Amount Collected by Travis County Tax Office for 2020: 6,696,752.37$ Base Tax Reversals for Year 2019 by Travis County Tax Office: 26,145.45$ Net Base Tax Collected for Year 2019 by Travis County: 6,670,606.92$ Percentage Collected: 98.53%
Amount Still Due for 2019 Taxes: 99,579.98$
Penalty and Interest Collected for 2019 24,134.03$ Penalty and Interest Reversals for 2019 (555.80)$ Net Penalty and Interest Collected for 2019 by Travis County: 24,689.83$
Total Amount paid to City of Lago Vista for 2019 Taxes: 6,695,296.75$
A 0.65 tax rate and anticipated collection rate of 100% equates to anticipated collection: $6,819,459.50
1.47% Uncollected
98.53% Collected
Taxes Collected Year to Date
CITY OF LAGO VISTA MONTHLY FINANCIAL REPORT
As of AUGUST 31, 2020 - Ad Valorem Taxes Past Due from Previous Years
Past Due Taxes from 1973 - 2018 364,740.79$ Tax Adjustments from Travis County Tax Office: 936.67$ Past Due Taxes after adjustments: 363,804.12$
Base Tax Amount Collected by Travis County Tax Office: 98,000.15$ Base Tax Reversals for Past Due by Travis County Tax Office: 7,147.81$ Net Base Tax Collected for Past Due by Travis County: 90,852.34$ Percentage Collected: 24.97%
Amount Still Due for Past Due Taxes: 272,591.78$
Penalty and Interest Collected for Past Due Amounts: 42,367.60$ Penalty and Interest Reversals for Past Due Amounts: (114.13)$ Net Penalty and Interest Collected by Travis County: 42,481.73$
Total Amount paid to City of Lago Vista for Past Due Taxes: 133,334.07$
Past Due 363,804.12$ Collected 133,334.07$ Uncollected 272,591.78$ Collected 24.97%Uncollected 75.03%
Uncollected ######Collected ######
Uncollected 75.03%
Collected 24.97%
Past Due AmountsCollected Year to Date
708,
816.
03
262,
804.
95
35,4
72.3
1
4,47
9,79
9.60
23
,628
.74
205,
194.
75
918.
06
2,85
7,02
2.53
82
,932
.61
585,
000.
00
26,9
04.8
5 53
2,96
3.90
9,51
2.58
27
0,80
5.00
17,2
84.4
4 17
6,20
3.78
13,7
97.6
4
26,0
49.9
2 1,
912.
22
2,29
5,04
4.79
82,6
32.5
6 6,
334.
94
1,08
7,00
0.50
162,
035.
75
92,9
18.2
6
5,89
0.15
35,8
49.3
1 7,
306.
43
139,
241.
10
124,
386.
05
2,59
4.87
1,11
0.12
769,
811.
74
12,8
82.4
3 0.
00
0.00
1.00
1.08
2,13
5,00
6.99
96,3
46.8
8
1,78
4,30
7.12
13,4
87.2
6
650.
00
255.
21
10,0
00.0
0
114.
31
0.00
0.00
(250,000.00)
250,000.00
750,000.00
1,250,000.00
1,750,000.00
2,250,000.00
2,750,000.00
3,250,000.00
3,750,000.00
4,250,000.00
4,750,000.00O
pera
ting
Acc
ount
s
Deb
t Ser
vice
Deb
t Ser
vice
Inte
rest
Util
ity F
und
Res
erve
Acc
ount
Util
ity F
und
Res
erve
Acc
ount
Inte
rest
Ret
aina
ge F
ees
Ret
aina
ge F
ees I
nter
est
Wat
er Im
pact
Fee
s
Wat
er Im
pact
Fee
s Int
eres
t
Park
Fun
d
Park
Fun
d In
tere
st
Bed
Tax
Bed
Tax
Inte
rest
Cus
tom
er D
epos
its
Cus
tom
er D
epos
its In
tere
st
LCR
A H
ollo
ws W
ater
Qua
lity
Impr
ovem
ents
LCR
A H
ollo
ws W
ater
Qua
lity
Inte
rest
Aus
tin B
oule
vard
Pav
ing
Aus
tin B
oule
vard
Pav
ing
Inte
rest
Was
tew
ater
Impa
ct F
ees
Was
tew
ater
Impa
ct F
ees I
nter
est
2017
CO
Rec
eivi
ng A
ccou
nt In
tere
st
Was
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ater
Tre
atm
ent P
lant
Impr
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Was
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Tre
atm
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Impr
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Inte
rest
Wat
er Q
ualit
y Im
prov
emen
ts
Wat
er Q
ualit
y Im
prov
emen
ts In
tere
st
Lift
Stat
ion
Scad
a Im
prov
emen
ts
Lift
Stat
ion
Scad
a Im
prov
emen
ts In
tere
st
Wat
er M
aste
r Pl
an #
1 R
ecom
men
datio
ns
Wat
er M
aste
r Pl
an #
1 R
ecom
men
datio
ns In
tere
st
2018
LC
RA
Reu
se W
ater
Gra
nt P
roje
ct
2018
LC
RA
Reu
se W
ater
Gra
nt P
roje
ct In
tere
st
Tow
n C
ente
r D
evel
opm
ent
Tow
n C
ente
r D
evel
opm
ent I
nter
est
City
of L
ago
Vis
ta E
mpl
oyee
Ben
efits
Tru
st
City
of L
ago
Vis
ta E
mpl
oyee
Ben
efits
Tru
st In
tere
st
CC
N A
pplic
atio
n
CC
N A
pplic
atio
n In
tere
st
Gen
eral
Fun
d R
eser
ve
Gen
eral
Fun
d R
eser
ve In
tere
st
Rea
l Est
ate
Rea
l Est
ate
Inte
rest
Leak
Det
ectio
n Su
rvey
Leak
Det
ectio
n Su
rvey
Inte
rest
Publ
ic W
orks
Bre
akro
om
Publ
ic W
orks
Bre
akro
om In
tere
st
Gol
f Cou
rse
Rec
onst
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ion
Gol
f Cou
rse
Rec
onst
ruct
ion
Inte
rest
Cash Position as of AUGUST 31, 2020
Total: $19,182,232.76
Logic Government Investment Co-Op-FD Aug-20Average Monthly Interest Rate = 0.3154%Average Weighted Average Maturity = 51 DaysNet Asset Value for 8/31/20 = 1.000392All Accounts Held in Government Pools
Logic Government Investment Co-Op-FD Aug-20Average Monthly Interest Rate = 0.3154%Average Weighted Average Maturity = 51 DaysNet Asset Value for 8/31/20 = 1.000392All Accounts Held in Government Pools
Account Description Period Beginning Balance Transfers In Interest Earned Transfers Out Ending BalanceLogic #144 General Fund Reserve Account 8/1/20-8/31/20 2,173,326.90$ 1.00$ 576.21$ 38,897.12$ 2,135,006.99$ Logic #145 General Fund Reserve Account Interest 8/1/20-8/31/20 95,067.02$ 1,254.37$ 25.49$ -$ 96,346.88$ Logic #146 Real Estate 8/1/20-8/31/20 1,771,730.69$ 13,174.00$ 475.33$ 1,072.90$ 1,784,307.12$ Logic #147 Real Estate Interest 8/1/20-8/31/20 13,008.47$ 475.33$ 3.46$ -$ 13,487.26$ Logic #148 Waterline to City Park 8/1/20-8/31/20 -$ -$ -$ -$ -$ Logic #149 Waterline to City Park Interest 8/1/20-8/31/20 -$ -$ -$ -$ -$ Logic #150 Leak Detection Survey 8/1/20-8/31/20 650.00$ -$ 0.26$ 0.26$ 650.00$ Logic #151 Leak Detection Survey Interest 8/1/20-8/31/20 254.90$ 0.26$ 0.05$ -$ 255.21$ Logic #152 Public Works Breakroom 8/1/20-8/31/20 10,000.00$ -$ 2.71$ 2.71$ 10,000.00$ Logic #153 Public Works Breakroom Interest 8/1/20-8/31/20 111.60$ 2.71$ -$ -$ 114.31$ Logic #154 Golf Course Reconstruction 8/1/20-8/31/20 1.00$ -$ -$ 1.00$ -$ Logic #155 Golf Course Reconstruction Interest 8/1/20-8/31/20 678.00$ -$ 0.16$ 678.16$ -$
18,451,845.46$ 1,238,683.78$ 4,905.73$ 1,222,018.24$ 18,473,416.73$ Totals Period Beginning Balance Transfers In Interest Earned Transfers Out Ending Balance
General Fund Monthly Income and ExpenseBy: Month (this Year vs Last Year)
Year to Date (this Year vs Last Year)
$0
$1,500,000
$3,000,000
$4,500,000
$6,000,000
$7,500,000
$9,000,000
$10,500,000
$12,000,000A
UGU
ST 1
9 IN
CO
ME
AUG
UST
20
INC
OM
E
YTD
AUG
UST
19
INC
OM
E
YTD
AUG
UST
20
INC
OM
E
AUG
UST
19
EXPE
NSE
S
AUG
UST
20
EXPE
NSE
S
YTD
AUG
UST
19
EXPE
NSE
S
YTD
AUG
UST
20
EXPE
NSE
S
$406
,057
$510
,391
$7,5
65,5
47
$11,
011,
150
$598
,346
$580
,079
$5,6
82,8
85
$9,7
03,0
56
2018 - 20192019- 2020
-$250,000
$750,000
$1,750,000
$2,750,000
$3,750,000
$4,750,000
$5,750,000
$6,750,000
$7,750,000
AUG
UST
19
INC
OM
E
AUG
UST
20
INC
OM
E
YTD
AUG
UST
19
INC
OM
E
YTD
AUG
UST
20
INC
OM
E
AUG
UST
19
EXPE
NSE
S
AUG
UST
20
EXPE
NSE
S
YTD
AUG
UST
19
EXPE
NSE
S
YTD
AUG
UST
20
EXPE
NSE
S
$786
,695
$745
,653
$7,1
37,6
05
$6,5
86,4
12
$599
,459
$534
,855
$6,5
64,9
72
$5,7
32,4
50
Utility Fund Monthly Income and ExpensesBy: Month (this year vs last year) Year to Date (this year vs last year)
2018 - 2019
2019 - 2020
$17,166
$46,975
$242,868
$228,832
$32,659
$17,357
$239,451
$208,413
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
AUGUST 19INCOME
AUGUST 20INCOME
YTD AUGUST19 INCOME
YTD AUGUST20 INCOME
AUGUST 19EXPENSES
AUGUST 20EXPENSES
YTD AUGUST19 EXPENSES
YTD AUGUST20 EXPENSES
Aviation Fund Monthly Income and ExpensesBy: Month (this year vs last year) Year to Date (this year vs last year)
2017 - 20182017 - 20182018 - 2019
2019 - 2020
$43,
468
$92,
374
$538
,202
$677
,617
$96,
629
$83,
684
$976
,434
$959
,476
$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
$1,400,000
AUGU
ST 1
9 IN
COM
E
AUGU
ST 2
0 IN
COM
E
YTD
AUG
UST
19
INCO
ME
YTD
AUG
UST
20
INCO
ME
AUGU
ST 1
9 EX
PEN
SES
AUGU
ST 2
0 EX
PEN
SES
YTD
AUG
UST
19
EXPE
NSE
S
YTD
AUG
UST
20
EXPE
NSE
S
Golf Course Fund Income and ExpensesBy Month (this year vs last year)
YTD (this year vs last year)
2018 - 2019
2019 - 2020
58.9
0%
13.0
4%58
.61%
97.6
0%
80.1
4%
73.5
9% 78.5
6%
68.6
4%
62.8
4%
78.6
4% 85.6
8%
71.7
5%0.
88%
78.0
5%
105.
07%
86.5
9%
42.8
6%
63.5
6%
88.0
7%
16.1
9%
87.5
3%
34.5
3%
106.
65%
103.
77%
89.1
3%91
.67%
77.6
1%
96.9
2%
91.7
5%
84.0
3%
75.9
1%
94.4
0%
93.5
1%
84.7
7%
69.9
0%
69.0
5%
57.6
6%
60.3
8%
87.3
7%
78.1
4%
0
0.0833
0.1666
0.2499
0.3332
0.4165
0.4998
0.5831
0.6664
0.7497
0.833
0.9163
0.9996
1.0829Ad
min
Inco
me
Adm
in E
xpen
se
Non
Dep
t Inc
ome
Non
Dep
t Exp
Dev
Ser
vice
Inco
me
Dev
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Fina
nce
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Hum
an R
esou
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Cou
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Sec
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ry
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omic
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me
Park
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Rec
reat
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Aqua
tics
Libr
ary
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me
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ary
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City
Cou
ncil
Mem
bers
Airp
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Airp
ort E
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Util
ity In
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Util
ity A
dmin
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Util
ity/G
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rmat
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ic W
orks
Adm
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Wat
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WTP
Thr
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xp
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rvc
Exp
WW
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Efflu
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ispo
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Boos
ter P
ump
Stat
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Lift
Stat
ions
LVG
C P
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LVG
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nack
bar I
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C P
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LVG
C M
aint
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xp
Income and ExpensesBudgeted vs. Actual
2019 - 2020
Budgeted Allotment Acccrual
Sep
Aug
Jul
Jun
May
Apr
Mar
Feb
Jan
Dec
Nov
Oct
INCOME
EXPENSEIE
Budgeted Allotment Acccrual
Sep
Aug
Jul
Jun
May
Apr
Mar
Feb
Jan
Dec
Nov
Oct
INCOME
EXPENSEIE
Fiscal Year - Lago Vista Golf Course Sales History