The quarterly financial report summarizes the city's finances as of September 30, 2019. Overall revenues exceeded expenditures for the general fund and utility fund. However, utility fund revenues were below budget. Property and sales tax collections met or exceeded targets. The investment portfolio earned higher average returns than benchmarks and complied with city policy.

1. FINANCE
Presented by:
Robert Galindo
Director
QUARTERLY FINANCIAL REPORT AS
OF SEPTEMBER 30, 2019
ITEM # 8
NOVEMBER 12, 2019

2. 4TH QUARTER FY 2019 FINANCIAL REPORT
 General Fund Revenues & Expenditures
 Utility Fund Revenues & Expenditures
 Capital Projects Fund
 Investment Portfolio Update
 Summary of City’s Financial Position

3. GENERAL FUND REVENUES FY 2019
FY 2018-19 FY 2018-19 FY 2018-19 FY 2017-18
BUDGET 12 MONTHS % BUDGET 12 MONTHS
PROPERTY TAXES $ 5,800,719 $ 5,722,771 1
99% $ 5,450,806
SALES TAX 1,100,000 1,166,957 106% 1,125,130
OTHER TAXES 863,300 802,376 93% 843,566
TOTAL TAXES $ 7,764,019 $ 7,692,105 99% $ 7,419,502
PERMITS & FEES 495,200 959,824 194% 652,681
INTERGOVERNMENTAL 524,189 417,820 80% 435,698
CHARGES FOR SERVICES 1,211,000 1,298,747 107% 1,237,709
FINES AND FORFEITURES 295,000 276,946 94% 263,883
INVESTMENT REVENUE/INTEREST 130,000 245,377 189% 156,228
MISCELLANEOUS 88,510 131,124 148% 73,777
OTHER FINANCING SOURCES 71,801 70,801 99% 67,754
TOTAL REVENUES $ 10,579,719 $ 11,092,744 105% $ 10,307,231
Debt Service property tax revenue $850,492

4. PROPERTY TAX COLLECTIONS M&O AND I&S
FOURTH QUARTER FY 2019
Property tax collections from FY17 to FY14 are for the whole fiscal year.
$6.573 mil
$6.302 mil

5. TOTAL SALES TAX REVENUE BY MONTH
FOURTH QUARTER FY 2019
Includes both General Fund and Street Maintenance sales tax collections by month. FY Total $1,750,436

6. GENERAL FUND EXPENDITURES
FY 2018-19 FY 2018-19 FY 2018-19 FY 2017-18
BUDGET 12 MONTHS % BUDGET 12 MONTHS
ADMINISTRATION & FINANCE $ 2,772,250 $ 2,643,550 95% $ 2,308,663
COMMUNITY DEVELOPMENT 434,620 367,292 85% 366,530
FIRE/EMS 2,784,029 2,546,863 91% 2,495,355
POLICE / DISPATCH 3,178,271 2,950,519 93% 2,814,442
PUBLIC WORKS 1,927,789 1,706,530 89% 1,668,720
TOTAL EXPENDITURES $ 11,096,959 $ 10,214,754 92% $ 9,653,710
OPERATING OVER/UNDER $ 247,760 $ 877,990 $ 2,274,084

7. GENERAL FUND EXPENDITURES FY 2019
FOURTH QUARTER

8. UTILITY FUND REVENUES & EXPENSES
FOURTH QUARTER FY 2019
FY 2018-19 FY 2018-19 FY 2018-19 FY 2017-18
BUDGET 12 MONTHS % BUDGET 12 MONTHS
WATER $ 1,893,380 $ 1,788,661 94% $ 1,390,605
SEWER 2,135,400 1,671,624 78% 1,215,179
TOTAL REVENUES $ 4,028,780 $ 3,460,285 86% $ 2,605,784
WATER $ 1,840,296 $ 1,671,390 91% $ 1,231,634
SEWER 1,487,000 1,339,591 90% 902,909
CAPITAL EXPENDITURES 630,000 44,242 7% 57,760
TRANSFERS 70,801 70,801 100% 0
TOTAL EXPENDITURES $ 4,028,097 $ 3,126,025 78% $ 2,192,303
OPERATING OVER/UNDER $ 683 $ 334,261 $ 413,482

9. CAPITAL PROJECTS FUND
FOURTH QUARTER FY 2019
FY 2018-19 FY 2018-19
YTD TOTAL BUDGET
BEGINNING BALANCE $ 866,083 $ 876,491
REVENUES/GF TRANSFER IN 350,000 0
TOTAL REVENUES $ 350,000 $ 0
EXPENDITURES
Olmos Basin Clean-up 30,050 18,750
City Hall Common Areas 0 18,000
Swimming Pool 57,955 200,000
Nature Trails Building 13,413 100,000
Architect Broadway TxDot Project 15,202 50,000
TOTAL EXPENDITURES $ 116,620 $ 386,750
FUND BALANCE $ 1,099,463 $ 489,741

10. INVESTMENT PORTFOLIO UPDATE
FOURTH QUARTER FY 2019
CERTIFICATES OF DEPOSIT
GENERATIONS FCU 2.50% 01/06/20 243,062
JEFFERSON BANK 2.40% 03/28/20 225,000
468,062 4%
SAVINGS ACCOUNTS
JEFFERSON BANK* 0.15% 1,215 0%
POOLS
LONE STAR 2.34% 4,898,370
LOGIC 2.31% 5,288,348
TEX STAR 2.21% 31,866
TEXPOOL INVESTMENT 2.24% 2,361
SUBTOTAL 10,220,944 91%
OPERATING ACCOUNT
FROST BANK* non-interest bearing 545,850 5%
TOTAL INVESTMENT PORTFOLIO AS OF SEPT. 30, 2019 11,236,071 100%

11. INVESTMENT PORTFOLIO CONTINUED
FOURTH QUARTER FY 2019
Beginning Value as of October 1, 2018 10,750,966$
Changes
Net Increase (Decrease) to Investment Pool Accounts 426,896$
Net Increase (Decrease) to CD's 230,282$
Net Increase (Decrease) to Savings Account 2
Net Increase (Decrease) to Operating Account (172,075)$
Ending Value as of September 30, 2019 11,236,071$

12. INVESTMENT PORTFOLIO CONTINUED
THRU THE FOURTH QUARTER FY 2019
PERFORMANCE MEASURES:
Benchmark Actual
90 Day Treasury 2.02% Average Yield 2.21%
Savings Account 0.15%
CDs 2.45%
Investment Pools 2.27%
Operating Account 0.00%
Weighted Average Maturity Maximum 365 days 50
Diversification
Certificates of Deposit Maximum 100% 4%
Savings Account Maximum 100% 0%
Operating Account Maximum 100% 5%
Investment Pools Maximum 100% 91%
Maximum Days to Maturity (as of purchase date) Maximum 360 days
Certificate of Deposit Generations FCU 98
Certificate of Deposit Jefferson Bank 179
This report is in full compliance with the investment strategies as established by the City of Alamo Heights
Investment Policy and the Public Funds Investment Act (Chapter 2256).

13. SUMMARY OF CITY’S FINANCIAL POSITION
FOURTH QUARTER FY 2019
PERFORMANCE SUMMARY FOR THE 4th QUARTER OR 100% OF BUDGET
% of Budget Current Quarter YTD Quarter
GENERAL FUND
Total Revenues 105% Positive Positive
Total Expenditures 92% Positive Positive
Total Property Tax Collections 99% Positive Positive
Sales Tax Revenues 106% Positive Positive
ENTERPRISE FUND
Utility Fund Revenues 86% Negative Negative
Utility Fund Expenditures 78% Positive Positive