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2018_03.19 CC Packet KENNEDALE CITY COUNCIL AGENDA REGULAR MEETING | March 19, 2018 CITY HALL COUNCIL CHAMBERS, 405 MUNICIPAL DRIVE WORK SESSION at 5:30 PM | REGULAR SESSION at 7:00 PM I. CALL TO ORDER NOTE: Pursuant to §551.071, Texas Government Code, City Council reserves the right to adjourn into Executive Session at any time during the Work Session or the Regular Session to discuss posted Executive Session items or to seek legal advice from the City Attorney on any item posted on the agenda. II. WORK SESSION A. Presentation of the FY2017 annual audit – Comprehensive Annual Financial Report (CAFR) B. Discussion of seeking an RFP to conduct another Comprehensive Audit of all City Funds C. Discussion of proposed capital improvement projects and related Certificate of Obligation (CO) issuance D. Discuss scheduling of monthly City Council Regular Meetings and Work Sessions E. Discussion of potential amen dments to the Economic Development Corporation (EDC) Bylaws F. Discussion of request to pay invoice for outside legal counsel engaged by Mayor Pro Tem Joplin G. Discussion of items on Regular Session III. REGULAR SESSION IV. ROLL CALL V. INVOCATION VI. UNITED STATES PLEDGE AND TEXAS PLEDGE “Honor the Texas Flag; I Pledge Allegiance to Thee, Texas, One State under God; One and Indivisible.” VII. VISITOR/CITIZENS FORUM At this time, any person with business before the City Council not scheduled on the agenda may address the Council, provided that an official ‘Speaker’s Request Form’ has been completed and submitted to the City Secretary prior to the start of the meeting. All comments must be directed towards the Mayor and Council, r ather than individual Councilmembers or staff. All speakers must limit their comments to the subject matter as listed on the ‘Speaker’s Request Form.’ No formal action or discussion can be taken on these items. A. Presentation by One Safe Place VIII. REPORTS/ANNOUNCEMENTS In addition to specific matters listed below, City Council may receive reports about items of community interest, including but not limited to recognition of individual officials, citizens, or departments, information regarding holiday schedules, and upcoming or attended events. A. Updates from the City Council B. Updates from the City Manager REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 1 C. Updates from the Mayor • Proclamation presentation in recognition of Kids to Parks Day (Saturday, May 19, 2018) IX. MONITORING INFORMATION A. Monthly Financials – February 2018 B. Monthly EDC Financials and Activity Report X. INCIDENTAL ITEMS XI. REQUIRED APPROVAL ITEMS (CONSENT) All matters listed under Required Approval Items (Consent) have been previously discussed, require little or no deliberation, or are considered to be routine by the City Council. If discussion is desired, an item can be removed from the Consent Agenda and considered separately. A. Consider approval of minute s from February 15, 2018 regular meeting B. Consider approval of minutes from March 5, 2018 special meeting C. Consider approval of Ordinance 641, approving a tariff authorizing an annual Rate Review Mechanism (“RRM”) as a substitution for the annual interim rate adjustment process defined by section 104.301 of the Texas Utilities Code, and as negotiated between Atmos Energy and the Steering Committee of Cities Served by Atmos D. Consider approval of purchase of a John Deere 4M tractor through the HGACBuy program for the Streets & Parks Department XII. DECISION ITEMS A. Discuss and consider acceptance of independent auditor's report (Comprehensive Annual Financial Report (CAFR)) for the fiscal year ended September 30, 2017 B. Conduct a Public Hearing to consider authorizing funding participation with Tarrant County Community Development and Housing for the 44th Year Community Development Block Grant (CDBG) Project for water line improvements on Danny Drive 1. Staff Presentation 2. Public Hearing 3. Staff Response and Summary C. Consider approval of Resolution 521 authorizing funding participation with Tarrant County Community Development and Housing for the 44th Year Community Development Block Grant (CDBG) Project for water line improvements on Danny Drive D. Consider appointment of Chair and Vice Chair of the Planning and Zoning Commission E. Consider adoption of Resolution 519, adopting a policy for the calling of Regular and Special Meetings of the C ity Council and for the placement of items on the Council's Regular Agenda XIII. RECONVENE INTO OPEN SESSION, AND TAKE ACTION NECESSARY PURSUANT TO EXECUTIVE SESSION, IF NEEDED XIV. EXECUTIVE SESSION The City Council may meet in Closed Session at any time during the Work Session or the Regular Session, pursuant to Section 551.071 of the Texas Government Code for consultation with the City Attorney pertaining to any matter in which the duty of the City Attorney under the Texas Disciplinary Rules of Pro fessional Conduct may conflict with the Open Meetings Act, including discussion on any item posted on the agenda, legal issues regarding the Open Meetings Act, and pending litigation and settlement offers for the following cases: A. Eric Elam v. Leslie Galloway (City of Kennedale); Cause # SC9342 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 2 XV. ADJOURNMENT In compliance with the Americans with Disabilities Act, the City of Kennedale will provide for reasonable accommodations for persons attending City Council meetings. This building is wheelc hair accessible, and parking spaces for disabled citizens are available. Requests for sign interpreter services must be made forty -eight (48) hours prior to the meetings. Please contact the City Secretary at 817.985.2104 or (TDD) 1.800.735.2989. CERTIFICATION I CERTIFY THAT A COPY OF THE MARCH 19, 2018 AGENDA WAS POSTED ON THE BULLETIN BOARD NEXT TO THE MAIN ENTRANCE OF CITY HALL, 405 MUNICIPAL DRIVE, OF THE CITY OF KENNEDALE, TEXAS, IN A PLACE CONVENIENT AND READILY ACCESSIBLE TO THE GENERAL PUBLIC AT ALL TIMES, AND THAT SAID AGENDA WAS POSTED AT LEAST 72 HOURS PRECEDING THE SCHEDULED TIME OF SAID MEETING, IN ACCORDANCE WITH CHAPTER 551 OF THE TEXAS GOVERNMENT CODE. ___________________________ LESLIE GALLOWAY, CITY SECRETARY REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 3 Staff Report to the Honorable Mayor and City Council Date: March 19, 2018 Agenda Item No: WORK SESSION - A. I. Subject: Presentation of the FY2017 annual audit – Comprehensive Annual Financial Report (CAFR) II. Originated by: III. Summary: Paula Lowe, a partner in the Governmental Audit Division at Pattillo, Brown & Hill, will present the CAFR for FY2017 (October 1, 2016 – September 30, 2017). GENERAL NOTES TO KEEP IN MIND, REGARDING THIS DOCUMENT The EDC is not included in this audit, as they undergo a separate audit, which will be presented at the next Regular Meeting of the EDC Board, on Tuesday, March 27, at 7:00 p.m.. The term 'Governmental Funds' encompasses all non-Water/Sewer Funds; the term 'Non-Major Governmental Funds' includes LEOSE (Law Enforcement Officers Standards and Education), Park Dedication, Capital Projects, Roadway Impact Fees, Library Building, and Capital Bond Funds; and the term 'General Fund' refers to all other funds (not just our budgetary General Fund) and includes Streets, Capital Replacements, etc. 'Water and Wastewater' includes restricted water and sewer impact fees; however, the Stormwater Fund is, for the first time, reported separately. BUDGETARY HIGHLIGHTS 1. The FY16-17 Adopted Budget included an $840,000 drawdown to the General Fund. This fund was only actually reduced by about $100,000, due primarily to the following: o Revenue: Taking out a ~$400,000 loan o Expenditures: ~$100,000 in first-year capital savings by partnering with Enterprise Fleet Management; and ~$300,000 in combined General Fund savings, largely driven by staff turnover and strong expenditure controls from Department Heads 2. There was a large savings in the Water & Sewer Fund, due to reduced costs in purchased water and wastewater from the Cities of Fort Worth and Arlington. Although this short-term strategy of increased reliance on wells produced real savings, it is not sustainable. Additional significant savings were realized through delayed capital and maintenance projects. REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 4 STAFF-CALCULATED CLOSING AVAILABLE FUND BALANCE FOR SIGNIFICANT FUNDS FUNDS Available Fund Balance Projected at Budget Notes General Fund $ 1,340,336 $ 1,104,740 see Budgetary Highlight 1 (above) Debt Service Fund $ 41,982 $ 47,484 Capital Replacement Fund $ 352,651 $ 201,599 phone/computer replacement delayed Street Fund $ 309,804 $ 260,262 some increase in franchise fee revenue Water & Sewer Fund $ 1,045,984 $ 464,027 see Budgetary Highlight 2 (above) Stormwater Fund $ 169,428 $ 708,525 CIP (Construction in Progress) erroneously included in prior carryover balance IV. Fiscal Impact Summary: V. Legal Impact: VI. Recommendation: VII. Alternative Actions: VIII. Attachments: 1.Comprehensive Annual Financial Report FY17 Comprehensive Annual Financial Report 2017.pdf 2.Required Communication with Governance 2017 Required Communication with Governance 2017.pdf 3.Representation Letter (CAFR)CAFR_ City Representation Letter.pdf REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 5 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 6 CITY OF KENNEDALE, TEXAS TABLE OF CONTENTS SEPTEMBER 30, 2017 Page Number INTRODUCTORY SECTION Letter of Transmittal ..................................................................................................... i – v i GFOA Certificate of Achievement ............................................................................... vi i Organizational Chart ..................................................................................................... viii Principal City Officials ................................................................................................. i x FINANCIAL SECTION Independent Auditors’ Report ....................................................................................... 1 – 3 Managem ent’s Discussion and Analysis ...................................................................... 4 – 1 2 Basic Financial Statements Government -wide Financial Statements Statement of Net Position ................................................................................. 1 3 Statement of Activities ...................................................................................... 1 4 – 1 5 Fund Financial Statements Balanc e Sheet – Governmental Funds .............................................................. 16 Recon ciliation of the Governmental Funds Balance Sheet to t he Statement of Net Position ........................................................................ 17 Statement of Revenues, Expenditures and Changes in Fund Balances – Governmental Funds .......................................................... 1 8 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balance s of Governmental Funds to the Statement of Activities ................................................................................... 19 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 7 CITY OF KENNEDALE, TEXAS TABLE OF CONTENTS (Continued) SEPTEMBER 30, 2017 Page Number FINANCIAL SECTION (Continued) Fund Financial Statements (Continued) Statement of Net Position – Proprietary Fund .................................................. 20 Statement of Revenues, Expenses and Changes in Fund N et Position – Proprietary Fund ........................................................... 21 Statement of C ash Flows – Propr ietary Fund ................................................... 22 Notes to Financial Statements ....................................................................................... 2 3 – 4 6 Required Supplementary Information Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual – General Fund… ..................................................................................................... 47 Notes to Requir ed Supplementary Information ......................................................... 48 Schedule of Changes in Net Pension Liability and Related Ratios ........................... 49 Schedule of Contributions .......................................................................................... 50 Combining Fund Statements and Schedules Nonmajor Governmental Funds Combining Balance Sheet ................................................................................. 51 – 52 Combining Statement of Revenues, Expenditures and Changes in Fun d Balance ............................................................................... 53 – 54 Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual – Debt Service Fund…...................................................................................... 5 5 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 8 CITY OF KENNEDALE, TEXAS TABLE OF CONTENTS (Continued) SEPTEMBER 30, 2017 Table Page Number Number STATISTICAL SECTION (Unaudited) Net Position By Component .................................................................... 1 5 6 – 57 Change In Net Position ............................................................................ 2 58 – 61 Fund B alances Governmental F unds ....................................................... 3 62 Changes In Fund B alances Governmental Funds .................................... 4 63 – 64 Assessed Value and Estimated A ctual Value of Taxable Property ......... 5 65 Direct and Overlapping Prope rty Tax Rates ............................................ 6 66 Pr incipal Property Taxpayers ................................................................... 7 67 Property Tax Levies And Collections ...................................................... 8 68 Ratios O f Outstanding Debt By Type ...................................................... 9 69 Ratios Of Genera l Bonded Debt Outstanding .......................................... 10 70 Direct And Overlapping Governmental Activities De bt ......................... 11 71 Lega l Debt Margin Information ............................................................... 12 72 Demographi c And Economic Statistics ................................................... 14 73 Principal Employers ................................................................................. 15 74 Fulltime Equivalent City Government Employees By Function ….……... 16 75 Operating Indicators By Function ………………………………………………. 17 76 Capital Asset Statistics By Function/Program ………………………………… 18 77 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 9 CITY OF KENNEDALE, TEXAS TABLE OF CONTENTS (Continued) SEPTEMBER 30, 2017 Page Number COMPLIANCE SECTION Independent Auditors’ Report on Internal Control and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards … .............................................................. 78 – 79 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 10 4 4 0 0 5 5 M M u u n n i i c c i i p p a a l l D D r r i i v v e e ,, K K e e n n n n e e d d a a l l e e T T X X 7 7 6 6 0 0 6 6 0 0 P P h h :: ((8 8 1 1 7 7 )) 4 4 7 7 8 8 --5 5 4 4 1 1 8 8 w w w w w w ..c c i i t t y y o o f f k k e e n n n n e e d d a a l l e e ..c c o o m m March 15, 2018 Honorable Mayor and City Council, Citizens of Kennedale: The City of Kennedale (the “City”) Financial Management Policies requires that the Ci ty’s Finance Department prepare a complete set of financial statements presented in conformity with generally accepted accounting principles (GAAP) and audited in accordance with generally accepted auditing standards by a firm of licensed certified public accountants. Accordingly, the Comprehensive Annual Financial Report for the City of Kennedale, Texas for the fisc al year ended September 30, 201 7 , is hereby issued. This report consists of management’s representations concerning the finances of the City. Consequently, management assumes full responsibility for the completeness and reliability of all the information presented in this report. To provide a reasonable basis for making representations, the City has established a comprehensive internal control f ramework that is designed both to protect the City’s assets from loss, theft, or misuse and to compile sufficient reliable information for the preparation of the City’s financial statements in conformity with GAAP. Because the cost of internal controls sho uld not outweigh their benefits, the City’s comprehensive framework of internal controls has been designed to provide reasonable, rather that absolute, assurance that the financial statements will be free from material misstatements. As management, we asse rt that, to the best of our knowledge and belief, this financial report is complete and reliable in all material respects. The City’s financial statements have been audited by Pattillo, Brown and Hill LLP, Independent Certified Public Accountants. The goa l of the independent audit was to provide reasonable assurance that the financial statements of the City for the fisc al year ended September 30, 201 7 , are free of material misstatements. The independent audit involved examining, on a test basis, evidence s upporting the amounts and disclosures in the financial statements; assessing the accounting principles used and significant estimates made by management; and evaluating the overall financial statement presentation. The independent auditor concluded, based upon the audit, that there was a reasonable basis for rendering an unqualified opinion that the City’s financial statements for the fisc al year ended September 30, 201 7 , are fairly presented in conformity with GAAP. The independent auditor’s report is pres ented as the first component of the financial section of this report. REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 11 GAAP requires that management provide a narrative introduction, overview, and analysis to accompany the basic financial statements in the form of a Management’s Discussion and Analysis (MD&A). The letter of transmittal is designed to complement the MD&A and should be read in conjunction with it. The City’s MD&A can be found immediately following the report of the independent auditor. PROFILE OF THE GOVERNMENT The City of Kennedale w as incorporated in 1947. The City of Kennedale is a first tier suburb of Fort Worth and is located adjacent to Arlington in south Tarrant County. The City curre ntly occupies a land area of 6.2 square miles and serves a population of 8,315 . The City is empo wered to levy property tax on both real and business personal properties located within its boundaries. It also is empowered by state statute to extend its corporate limits by annexation, which occurs periodically, when deemed appropriate by the city counc il. The City operates under a Council/Manager form of government with a City Council comprised of the Mayor and five Councilmembers. The term of office is two years with the terms of the Mayor and two of the Councilmembers’ terms expiring in even - numbere d years and the other terms of the three Councilmembers expiring in odd - numbered years. The City Council is responsible for enacting ordinances, resolutions, and regulations governing the City, as well as appointing the members of various statutory and adv isory boards, the City Manager, City Secretary, City Attorney and Municipal Judges. The City Manager is the chief administrative officer of the government and is responsible for the enforcement of laws and ordinances, the appointment and supervision of the executive directors, and heads of departments, and the performance of functions within the municipal organization. The City of Kennedale provides a full range of services including p olice, fire, emergency medical service, municipal co urt, library, park s, water distribution , wastewater collection , solid waste collection , curb -side recycling, streets , storm water drainage, community development (planning, code enforcement, and building inspection ), and general administrative services. The financial repo rting entity (the government) includes all funds of the primary government (i.e., the City of Kennedale as legally defined), as well as all of its component units. Component units are legally separate entities for which the primary government is financiall y accountable. Discretely presented component units are legally separate entities and not part of the primary government’s operations. The Kennedale Economic Development Corporation (KEDC) is included in the financial statements as a discretely presented c omponent unit . REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 12 FACTORS AFFECTING FINANCIAL CONDITION The information presented in the financial statements is perhaps best understood when it is considered from the broader perspective of the specific environment within which the City of Kennedale op erates. Local E conomy . After an election in July of 1947, the Town of Kennedale was incorporated with a population of 300 people. By 1950, the population had increased to 500 residents and a petition to the State of Texas was approved which changed the To wnship into a recognized City. Kennedale is becoming one of Tarrant County’s fastest growing cities. Fronted by the major highways of I -20 and 287, the City provides an excellent location for major retail and professional businesses. This transportation corridor provides quick and easy access to the Dallas/Fort Worth In ternational Airport, downtown Fort Worth just 15 minutes to the west, and downtown Dallas just 20 -25 minutes to the east. Furthermore, the City of Kennedale is within just a short drive to major entertainment venues including, but not limited to, Six Flags over Texas, Hurricane Harbor, Texas Motor Speedway , Globelife Par k at Arlington, home of the Texas Rangers baseball team , and AT&T Stadium, home of the Dallas Cowboys football team . Kenn edale has experienced steady population growth in the last decade. Beautiful Village Creek slowly winds through the City and provides a tranquil feeling throughout the community. Current and future subdivisions are designed on oversized lots, which result in spacious residential areas that compliment the coveted rural setting. Currentl y, the City is 6.2 squ are miles with much of this land undeveloped. This allows for selective locations for the incoming developments and pulls the citizen away from the cro wds and traffic congestion of a major metropolitan city. As the economy continues to grow and expand into North Texas , Kennedale will be an attractive choice for businesses and families alike. The Kennedale Economic Development Corporation (KEDC) was for med in 1996 to spearhead the economic growth of the City. The KEDC is funded by a voter approved, half cent sales tax, which is used to offer grants and other economic incentives t o existing and new businesses. The KEDC is pursuing a four -pronged approach to economic development: land assembly and clearing for resell , manufacturing expansion, retail development an d quality of life improvements. The redevelopment of the north entry into Kennedale (Oak Crest area) continues. A master plan has been adopted. L i nk Street to Kennedale Parkway was opened in 2015 and extension was opened in October 2016 . The improved access has led to the development of a Popeye ’s and Burger King which opened in 2015 . McDonald’s opened in the Oak Crest area in October 2016 . A hotel site was recently sold to a hotel developer. The KEDC is also working with property owners in the area to develop their land. The Town Center has completed a spec building, along with the openings of a martial arts studio, electric supply store, Dickie’s, and new bar in 2017 . The KEDC anticipates the main building will be fully rented out by year end. REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 13 Accounting System and Budgetary Control . The City’s accounting records for general government operations are maintained on a modified accrual basis, with the revenues being recorded when available and measurable and expenditures being recorded when the services or goods are received and the liabilities incurred. Accounting records for the City’s utilities are maintained on the accrual basis. In developing and maintaining the City’s accounting system, consideration is given to the adequacy of the internal control structure. Internal accounting controls are designed to provide reasonable, but not absolute, assurance regarding: (1) the safeguarding of assets again st loss from unauthorized use or disposition; and (2) the reliability of financial records for preparing financial statements and maintaining accountability of assets. The concept of reasonable assurance recognizes that: (1) the cost of a control should no t exceed the benefits likely to be derived; and (2) the evaluation of costs and benefits requires estimates and judgments by management. All internal control evaluations occur within the above framework. We believe that the City’s internal controls adequa tely safeguard assets and provide reasonable assurance of proper recording of financial transactions. The annual budget serves as the foundation for the City of Kennedale’s financial planning and control. All departments of the City of Kennedale are requi red to submit requests for appropriation to the City Manager on or before June of each year. These requests are used to develop a proposed budget. The proposed budget is then presented to the City Council for review i n or before August. The City Council is required to hold public hearings on the proposed budget and to adopt a final budget no later than September 30, the close of the City of Kennedale’s fiscal year. The appropriated budget is prepared by fund, function (e.g. public safety), and department (e .g. police). Transfer of appropriations within a department and within funds may be made with approval from the City Manager. Transfers between funds or additional appropriation require the approval of the City Council. Budget -to -actual comparisons are pro vided in this report for each individual governmental fund for which an appropriated annual budget has been adopted. Long -Term Financial P lanning. CURRENT YEAR PROJECTS The City of Kennedale leverages its resources by working with TxDOT and Tarrant Cou nty to enhance its tra nsportation network . R oad projects are funded by the City purchasing road material , and the Tarrant County Precinct 2 road crews building the roadways. Opening Link Street has enhance d the opportunity for economic development at the n orth entry to Kennedale (Oak Crest area) and the extension provide s access to the new McDonald’s . The City plans to be active partners when possible to continue development. REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 14 An important element of the City’s strategic plan – Imagine Kennedale 2015 was to close the racetracks and convert the property to residential use. The City began that process with an update of the Comprehensive Land Use Plan. The City created a Tax Increment Reinvestment Zone (TIRZ) to fund off -site infrastructure improvements, namely the extension of water and sewer service, reconstruction of New Hope Road, and the addition of hike and bike trails alon g Kennedale Branch . TIRZ participation agreements with Tarrant County, Tarrant College District, and the Tarrant County Health District were completed in 2013 . The City has a development agreement for to convert racetrack property . A water and sewer study to plan for the extension of the utility services is complete. One track remains open and will require City Council action. The site is identified in the park master plan as a future community park. Council, Board, and staff activities are guided by the City’s strategic plan – Imagine Kennedale 2015 – and t he recently adopted Comprehensive L and Use Plan. These plans call for the creation of residential areas on the southwest portion of Kennedale. The TIRZ, noted earlier, will guide this effort. Redevelopment of Oak Crest will be a long - term effort , and it too is underway. Restoration of Village Creek as a park and water quality feature wi ll consume staff time and resources for many years to come. Village Creek will requ ire the assistance of the City o f Arlington, the Corps of Engineers, the Trinity River Authority (TRA), the Tarrant Regional Water District, the University of Texas at Arlin gton (UTA), the Environmental Protection Agency (EPA), the Texas Commission on Environmental Quality (TCEQ), and the Texas Water Development Board (TWDB). F lood control and water quality planning activity may be essential to the City’s efforts to encourage closure of a portion or all of the salvage yards located in the Village Creek floodplain. The Asset Management Plan will be used to guide future council policy discussions. FUTURE PROJECTS Beyond physical improvements in Kennedale, there will contin ue to be a focus on operational effic iencies and strategic planning. The unified development code was adopted in mid -2016 and will need revisions as it is implemented. The City C ouncil will initiate an update the City’s strategic plan . RELEVANT FINANCI AL POLICIE S The city will work towards controlling expenditures and exploring new revenue opportunity to grow the general fund balance. Efforts have been put into place to restore net working capital in the water and sewer fund. The City did receive a bon d rating upgrade from Standard & Poor’s to “AA -“ from “A+” following closing of the previous fiscal year. REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 15 AWARDS AND ACKNOWLEDGEMENTS Awards. The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achi evement for Excellence in Financial Reporting to the City of Kennedale for its CAFR for the fisc al year ended September 30, 201 6 . This was the thirteen th consecutive year that the government has achieved this prestigious award. In order to be awarded a Cer tificate of Achievement, a government unit must publish an easily readable and efficiently organized comprehensive annual financial report. This report must satisfy both GAAP and applicable legal requirements. A Certificate of Achievement is valid for a p eriod of one year only. We believe our current CAFR continues to meet the Certificate of Achievement Program’s requirements and we may submit it to the GFOA to determine its eligibility for another certificate. Acknowledgments. The preparation of this rep ort would not have been possible without the efficient and dedicated services of the entire staff of the Finance Department and our independent auditors. We would like to express our sincere appreciation to those persons who have made possible the publicat ion of this report. We would also like to thank the mayor and the members of the City Council for their support in planning and conducting the financial operations of the City. Respectfully Submitted, George Campbell Brady Olsen City Manager Director of Finance & IT REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 16 Government Finance Officers Association Certificate of Achievement for Excellence in Financial Reporting Presented to City of Kennedale Texas For its Comprehensive Annual Financial Report for the Fiscal Year Ended September 30, 201 6 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 17 Residents City Council City Attorney City Manager Community Development City Secretary / Com munication Human Resources Finance/Info Technology Fire Police Public Works Planning / Permits Permits Code Enforcement Animal Control Water Operations Streets/Parks Municipal Judge Utility Billing Library Municipal Court Bo ards Commissions REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 18 KENNEDALE CITY COUNCILMEMBER LISTING Mayor Brian Johnson Council Member Place 1 Rockie Gilley Council Member Place 2 Liz Carrington Council Member Place 3 Sandra Lee Council Member Place 4 Kelly Turner Council Member Place 5/Mayor Pro-Tem Jan Joplin City Manager George Campbell City Secretary/Communications Coordinator Leslie Galloway City Attorney Taylor, Olson Adkins, Sralla & Elam, LLP Director of Finance & IT Brady Olsen Human Resources Director Danielle Clarke Police Chief Tommy Williams Fire Chief Mike McMurray Director Of Public Works Larry Ledbetter Director of Planning Interim Jay Narayana Director Place 1 Stan Seat Director Place 2 Pat Turner Director Place 3 Ronald Whitley Director Place 4 - President Robert Mundy Director Place 5 Ralph Grimes Director Place 6 Jon Mark Yeary Director Place 7 Sandra Lee ELECTED OFFICIALS APPOINTED & KEY OFFICIALS ECONOMIC DEVELOPMENT CORPORATION OFFICIALS ix REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 19 FINANCIAL SECTION REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 20 INDEPENDENT AUDITOR S ’ REPORT To the Honorable Mayor City Council and City Manager City of Kennedale, Texas Report on the Financial Statements We have audited the accompanying financial statements of the governmental activities, the business -type activities, the discretely presented component unit, each major fund, and the aggregate remaining fund information of City of Kennedale , as of and for t he year ended September 30, 2017 , and the related notes to the financial statements, which collectively comprise the City of Kennedale’s basic financial statements as listed in the table of contents. Management’s Responsibility for the Financial Statements City of Kennedale’s m anagement is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, impleme ntation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor s ’ Responsibility Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits con tained in Government Auditing Standards , issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstat ement. 1 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 21 An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audi t procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness o f accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and app ropriate to provide a basis for our audit opinions. Opinions In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business -type activiti es, the disc retely presented component unit , each major fund, and the aggregate remaining fund information of the City of Kennedale , as of September 30, 201 7 , and the respective changes in financial position , and, where applicable, cash flows thereof for the year then ended in accordance with accounting princip les generally accepted in the United States of America. Other Matters Required Supplementary Information Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis , budgetary comparison and pension information on pages 4 through 12 and 4 7 through 50 be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowl edge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any ass urance. Other Information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City of Kennedale’s basic financial statements. The introductory section, combining and individual nonmajor fund financial statements, schedules, and statistical section are presented for purposes of additional analysis and are not a required part of the basic financial state ments. REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 22 The combining and individual nonmajor fund financial statements and schedules are the responsibility of management and were derived from and relate directly to the underlying accounting and other records used to prepare the basic financial stateme nts. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and oth er records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the combini ng and individual nonmajor fund financial statements and schedules are fairly stated in all material respects in relation to the basic financial statements as a whole. The introductory and statistical sections have not been subjected to the auditing proce dures applied in the audit of the basic financial statements and, accordingly, we do not express an opinion or provide any assurance on them. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards , we ha ve also issued o ur report date March 15, 2018 , on our consideration of the City of Kennedale’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal con trol over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government A uditing Standards in considering City of Kennedale’s internal control over financial reporting and compliance. Waco , Texas March 15, 2018 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 23 MANAGEMENT’S DISCUSSION AND ANALYSIS REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 24 MANAGEMENT’S DISCUSSION AND ANALYSIS As management of the City of Kennedale, Texas , we offer readers of the City of Kennedale financial statements, this narrative overview, and analysis of the financial activities of the City of Kennedale for the fiscal year en ded September 30, 2017 . We encourage readers to consider the information presented here in conjunction with additional information that we have furnished in our letter of transmittal and the accompanying basic financial statements. FINANCIAL HIGHLIGHTS • The assets and deferred outflow of resources for the City of Kennedale exceeded its liabilities and deferred inflows of resources at the close of the most recent fiscal year by $40,389,147 . Of this amount, $2,101,968 (unrestricted n et p osition ) may be used to meet the City’s ongoing obligations to citizens and creditors. • The City of Kennedale’s change in n et p osition was an in crease of $1,541,802 . This in crease is largely due to significant purchased water and sewer expenditures, as well as delayed water and sewer maintenance expenditures. In addition, lower than anticipated property tax revenues were offset by savings in public safet y compensation due to staff turnover. • As of the close of the current fiscal year, the City of Kennedale ’s governmental funds reported combined en ding fund balances of $2,433,043 , a n increase of $62,449 in comparison with the p r ior year. Approximately, 61.8% of this amount, $1,503,641 is availabl e for spending at the City ’s discretion (un assigned fund balance). • At the end of the current fiscal year, the un assign ed fund balance for the General Fund was $2,264,414 or 30.0 % of total General Fund expenditures. OV ERVIEW OF THE FINANCIAL STATEMENTS The discussion and analysis is intended to serve as an introduction to the City of Kennedale, Texas ’ basic financial statements. City of Kennedale ’s basic financial statements comprise three components: 1) government -wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. This report also contains other supplementary information in addition to the basic financ ial statements. Government -wide financial statements. The government -wide financial statements are designed to provide readers with a broad overview of the City of Kennedale ’s finances, in a manner similar to a private -sector business. REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 25 The statement of n et p osition presents information on all of the City of Kennedale ’s assets , liabilities and deferred inflows/outflows of resources , with the difference between the m reported as n et p osition . Over time, increases or decreases in net p osition may serve a s a useful indicator of whether the financial position of the City of Kennedale is improving or deteriorating. The statement of activities presents information showing how the government’s n et p osition changed during the most recent fiscal year. All changes in net p osition are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in these statem ents for some items that will only result in cash flows in future fiscal periods (e.g., uncollected taxes and earned but unused vacation leave). Both the statement of net p osition and the statement of activities are prepared utilizing the full accrual basi s of accounting. In the Statement of Net Position and the Statement of Activities, the primary government is divided into two kinds of activities: • Governmental activities – Most of the City’s basic services are reported here, including administrative, police, fire, municipal court, com munity development, streets , parks, senior citizen center and library. Property taxes, sales taxes, franchise fees, license and permit fees finance most of these activities. • Business -type activities – The City charges a fee to customers to cover all or most of the cost of certain services it provides. The City’s water and wastewater system , storm drain system and solid waste system are report ed here. The government -wide financial statements include not only the City of Kennedale itself (known as the primary government), but also a legally separate economic development corporation. Financial information for this component unit is reported sepa rately from the financial information presented for the primary government itself. Fund financial statements. A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or obj ectives. City of Kennedale , like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance -related legal requirements. All of the funds of the City of Kennedale can be divided into two categories: governmenta l funds and proprietary funds. Governmental funds. Governmental funds are used to account for essentially the same functions reported as governmental activities in the government -wide financial statements. However, unlike the government -wide financial statements, governmental fund financial statements focus on near -term inflows and outflows of spendable resources, as well as balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a government ’s near -term financing requirements. REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 26 Because the focus of governmental funds is narrower than that of the government -wide financial statements, it is useful to compare the information presented for governmental funds with similar information presen ted for governmental activities in the government -wide financial statements. By doing so, readers may better understand the long -term impact of the government’s near -term financing decision s . Both the governmental fund balance sheet and the governmental fu nd statement of revenues, expenditures, and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities. The City of Kennedale maintains 9 individual governmental funds. Information is presented separately in the governmental fund balance sheet and in the governmental fund statement of revenues, expenditures, and changes in fund balances for the General Fund , Debt Service Fund , and TIRZ #1 N ew Hope Fund , which are considered to be major fund s . Data from the other 6 governmental funds are combined into a single, aggregated presentation. Individual fund data for each of these nonmajor governmental funds is provided in the form of combining statements elsewhere in this report. The City of Kennedale adopts an annual appropriated budget for its General Fund and Debt Service Fund. Budgetary comparison statements have been provided for the General Fund and the Debt Service Fund to demonstrate co mpliance with the budget. Proprietary funds. The City charges customers for the services it provides, whether to outside customers or to other units within the City. These services are generally reported in proprietary funds. Proprietary funds are reporte d in the same way that all activities are reported in the Statement of Net Position and the Statement of Activities. There is one type of proprietary fund: Enterprise Fund. The City’s Enterprise Fund is identical to the business -type activities that are re ported in the government -wide statements but provide more detail and additional information, such as cash flows, for proprietary funds. The City of Kennedale maintains one individual Enterprise Fund to account for its water and wastewater, and solid waste. This fund is considered to be a major fund of the City. Notes to the financial statements. The notes provide additional information that is essential to a full understanding of the data provided in the government -wide and fund financial statements. The notes to the financial statements can be found in the financial section. Other information. The combining statements referred to earlier in connection with nonmajor governmental funds are presented immediately following the notes to the financial statements. REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 27 GOVERNMENT -WIDE FINANCIAL ANALYSIS As noted earlier, over time n et position may serve as a useful indicator of a government’s financial position. In the case of the City of Kennedale , assets and deferred outflows of resources exc eeded liabilities and deferred inflows of resources by $40,389,147 at the close of the m ost recent fiscal year. By far the largest portion of t h e City’s n et position ($37,601,214 o r 93.1%) reflects its investment in capital assets (e.g. land, building, machinery, and equipment) less any related debt used to acquire those assets that is still outstanding. The City uses these capital assets to provide services to citizens; consequently, these assets a re not available for future spending. Although the City’s investment in its capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themse lves cannot be used to liquidate these liabilities. CITY OF KENNEDALE’S NET POSITION 2017 2016 2017 2016 2017 2016 Current and other assets 3,211,312 $ 3,403,232 $ 2,756,193 $ 1,537,228 $ 5,967,505 $ 4,940,460 $ Capital assets 34,863,923 35,338,070 17,064,746 17,228,437 51,928,669 52,566,507 Total assets 38,075,235 38,741,302 19,820,939 18,765,665 57,896,174 57,506,967 Total deferred outflows of resources 961,550 1,127,793 122,550 145,110 1,084,100 1,272,903 Long-term liabilities 11,788,754 12,788,822 1,025,156 1,010,846 12,813,910 13,799,668 Other liabilities 1,801,438 1,796,915 3,809,784 4,169,432 5,611,222 5,966,347 Total liabilities 13,590,192 14,585,737 4,834,940 5,180,278 18,425,132 19,766,015 Total deferred inflows of resources 144,781 145,247 21,214 21,263 165,995 166,510 Net Position: Net investment in capital assets 24,362,252 24,048,321 13,238,962 13,054,176 37,601,214 37,102,497 Restricted 481,742 400,170 204,223 224,444 685,965 624,614 Unrestricted 457,818 689,620 1,644,150 430,614 2,101,968 1,120,234 Total net position 25,301,812 $ 25,138,111 $ 15,087,335 $ 13,709,234 $ 40,389,147 $ 38,847,345 $ Governmental Activities Business-type Activities Totals An additional portion of the City of Kennedale ’s n et position ($629,655 or 1.6%) represents resources that are subject to e xternal restrictions on how they may be used. The remaining balance of un restricted n et position ($2,101,968 or 5.2%) may be used to meet the government’s ongoing obligations to citizens and creditors. At the end of the current fiscal year, the City reported a positive balance in all three categories of net p osition , both for the government as a whole, as well as for its separate governmental and business -type activities. REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 28 During the current fiscal year, the City’s n et p osition in creased by $1,541,802 . This in c rease represe nts the degree to which increases in ongoing revenue s have outstripped similar increases in ongoing expense s . T his in crease follows a prior year in crease of $4,753,586 due to in creases in capital grants and contribution , property taxes and other taxes offset by in creased general government , public safety and water and wastewater expenses . CITY OF KENNEDALE’S CHANGES IN NET POSITION 2017 2016 2017 2016 2017 2016 Revenues: Program revenues: Charges for services 952,646 $ 1,372,552 $ 5,086,486 $ 4,782,055 $ 6,039,132 $ 6,154,607 $ Operating grants and contributions 145,560 126,520 - - 145,560 126,520 Capital grants and contributions 154,819 2,595,371 374,296 1,479,937 529,115 4,075,308 General revenues: Property taxes 4,703,870 4,521,765 - - 4,703,870 4,521,765 Other taxes 1,746,011 1,798,531 - - 1,746,011 1,798,531 Other revenues 156,905 312,165 3,919 521 160,824 312,686 Total revenues 7,859,811 10,726,904 5,464,701 6,262,513 13,324,512 16,989,417 Expenses: General government 1,460,659 1,340,991 - - 1,460,659 1,340,991 Public safety 4,494,080 4,658,016 - - 4,494,080 4,658,016 Public works 1,743,770 1,838,124 - - 1,743,770 1,838,124 Culture and recreation 397,477 370,519 - - 397,477 370,519 Interest on long-term debt 348,741 521,675 - - 348,741 521,675 Water and wastewater - - 3,271,916 3,474,228 3,271,916 3,474,228 Storm water drainage - - 66,067 32,278 66,067 32,278 Total expenses 8,444,727 8,729,325 3,337,983 3,506,506 11,782,710 12,235,831 Change in net position before transfers 584,916)( 1,997,579 2,126,718 2,756,007 1,541,802 4,753,586 Transfers 748,617 953,377 748,617)( 953,377)( - - Change in net position 163,701 2,950,956 1,378,101 1,802,630 1,541,802 4,753,586 Net position beginning 25,138,111 22,054,687 13,709,234 11,202,291 38,847,345 33,256,978 Prior period adjustment - 132,468 - 704,313 - 836,781 Net position, ending 25,301,812 $ 25,138,111 $ 15,087,335 $ 13,709,234 $ 40,389,147 $ 38,847,345 $ Governmental Activities Business-type Activities Totals Governmental activities. Governmental activities n et p osition in crease d by $163,701 . The in crease is less than the prior year increase of $2,950,956 due primarily to a decrease in capital grants and contributions and development fees. These changes were partially offset by reduced personnel costs for public safety due to highe r than anticipated turnover . REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 29 Business -type activities . Business -type activities n et position in creased b y $1,378,101 . Charges for water and sewer services were $4,734,006 , which is $48,049 less than the 2015 -2016 fisca l year revenue, $4,782,055 . This decrease is a re sult of a change in donation of capital assets from developers and water and sewer rates were reduced mid -year. Direct operating expenses, exclud ing depreciation, w ere $2,399,879 for the fiscal year. D irect operating expenses are $326,661 less than 2015 -2016 fiscal year direc t operating expenses, $2,726,540 , due to savings in pur chased water and wastewater. FINANCIAL ANALYSIS OF THE GOVERNMENT’S FUNDS Governmental Funds – The focus of the City’s governmental funds is to provide information on near - term inflows, outflows, and balances of spendable resources. Such information is useful in assessing the City’s financing requirements. In particular, un assign ed fund balances may serve as a useful measure of a government’s net resources at the end of the fiscal year. At the end of the current fiscal year, the City’s governmental funds reported combined ending fund balances of $2,433,043 . $30,520 of this total is nonspendable to indicate the amount cannot be spent and $425,432 is restricted to indicate cons traints placed on the use of the resources either externally imposed by creditors, by laws or regulations of other governments imposed or imposed by law through constitutional provisions or enabling legislation . The remaining balance of $1,503,641 constitutes un assigned fund balance . Of the $2,433,043 ending fund balance, $722,647 is accounted for in non -major governmental funds. The Ge neral Fund balance is $2,471,169 at year end – a decrease of $109,128 . This decrease was created primarily by the reduction of most one -time funding sources. In the General Fund, the City budgeted for a decrease of fund balance in the amount of $951,860 . The fund balance in th e General Fund decreased by $109,128 , or 4.2% during the current fiscal year. Significant revenue and expenditure increases and decreases were in the following areas : • Property taxes • Licenses and permits • Intergovernmental revenues • Charges for services • Public safety • Public works • Capital outlay The Debt Service F und balance increased by $30,120 to $41,981 at year end . This increase is primarily the result of increased property tax revenue . The Capital Projects F und bala nce increased by $4,907 to $43,165 . The c apital outlay expenditures related to projects including grant projects equaled revenue and a transfer fr om the General Fund. The TIRZ #1 New Hope Fund had a deficit fund balance of $802,754 . This deficit was a result of the cap ital improvement expenditures within the TIRZ. It is anticipated that the deficit will be funded by future restricted incremental property tax revenue. REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 30 Proprietary funds – The City of Kennedale ’s proprietary funds provide the same type of information found in government -wide financial statements, but in more detail. Year -end net p osition in the water and wastewater fund amounted to $1,077,417 . This i ncludes a current year in crease of $1,378,101 . See the business -type activity discussion above for mo re information. General Fund budgetary highlights. The actual expenditu res for the year were $7,558,982 , which was $461,111 unde r budget. For FY 2016 -2017 , the actual revenues were $6,460,049 as compared to the bud get ed amount of $6,401,818 . Contributing to the variance was highe r than anticipa ted sales tax ($44,603 more than the budget ), an d franchise fees ($40,454 m ore than the budget). With revenues exceeding expectation and expenditures below appropriations , the fund balance in the General Fu nd decreased by $109,128 , which was $842,732 lower than the final budget ed decrease . CAPITAL ASSET AND DEBT ADMINISTRATION Capital assets. The investment in capital assets for its governmental and business type activities as of September 30, 2017 , amounts to $51,928,669 (net of accumu lated depreciation). This investment in capital assets includes land, buildings, machinery and equipment, infrastructure, construction work in progress, and water and sew er systems. Approximately 67.1% of the capital assets are g overnmental and 32.9% are b usiness type activities. CITY OF KENNEDALE’S CAPITAL ASSETS AT YEAR -END 2017 2016 2017 2016 2017 2016 Land 4,206,187 $ 3,963,754 $ 585,429 $ 409,801 $ 4,791,616 $ 4,373,555 $ Buildings and improvements 4,989,683 4,994,902 5,761,606 5,386,339 10,751,289 10,381,241 Machinery and equipment 3,454,037 3,020,872 1,018,752 1,018,752 4,472,789 4,039,624 Infrastructure/water and wastewater distribution 39,367,732 38,098,753 18,751,406 17,998,277 58,119,138 56,097,030 Construction in progress 427,990 1,548,384 122,131 810,179 550,121 2,358,563 Less accumulated depreciation 17,581,706)( 16,288,595)( 9,174,578)( 8,394,911)( 26,756,284)( 24,683,506)( Total capital assets, net 34,863,923 $ 35,338,070 $ 17,064,746 $ 17,228,437 $ 51,928,669 $ 52,566,507 $ Governmental Activities Business-type Activities Totals REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 31 Major capital asset events during the current fiscal year included the following: Governmental activities equipment purchases 385,040 $ Governmental activities land purchase 242,433 Business-type activities building improvements 375,267 Business-type activities completed improvements 681,471 Additional information on the capital assets can be found in Note 3 on pages 3 6 – 3 7 of this report. Long -term debt. At year -end, the City had total bonded debt and capital lease payable obligations of $14,355,766 . Of this amount, $12,405,000 represents bonded de bt backed by the full faith and credit of the City. The City’s capitalized lease obligation of $1,950,766 pertains to the purchase of a fire truck , street equipment , public safety vehicles, utility vehicles and equipment and new water lines and meters . OUTSTANDING DEBT AT YEAR -EN D BONDS AND CAPITAL LEASE OBLIGATIONS 2017 2016 2017 2016 2017 2016 General obligation 4,804,425 $ 5,081,587 $ 730,575 $ 843,413 $ 5,535,000 $ 5,925,000 $ bonds Certificates of 5,125,000 5,815,000 1,745,000 1,885,000 6,870,000 7,700,000 obligation Capital leases 600,557 424,473 1,350,209 1,445,848 1,950,766 1,870,321 Total 10,529,982 $ 11,321,060 $ 3,825,784 $ 4,174,261 $ 14,355,766 $ 15,495,321 $ Governmental Activities Business-type Activities Totals The City’s certificates of obligation bonds continue to carry AA - from Standard and Poor’s . Additional information on the long -term debt can be found in Note 3 on pages 3 9 – 41 of this report. ECONOMIC FACTORS AND NEXT YEAR’S BUDGETS AND RATES The City Council increased the tax rate by one cent to $7.77500 per $100 assessed valuation for the new fiscal year. With the increase, the city was able to fund the first small cost of living adjustment for city staff in a number of years. Even with the r ate increase and appreciating property values, fund balance for the General Fund was still budgeted to decrease by $65,000. This is largely due to increased proportion of the debt service rate to the M&O rate. In addition, City Council approved lowering the bases rate for water and sewer services for the coming year. The City is currently exploring long term solutions for the water and sewer fund. Cash funded capital projects were largely put on hold for the coming year, as the City examines debt opportun ities. Development continues within the city, with new subdivisions continuing construction. In addition, a new Hilton branded hotel is set to open within city limits. The city continues to develop the town center, with full occupancy of current building s possible within the fiscal year. New city management continues to explore expanded revenue streams for the city. REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 32 REQUESTS FOR INFORMATION Th is financial report is designed to provide a general overview of the City of Kennedale ’s finances for all those with an interest in the government’s finances. Questions concerning any of the information provided in this report or requests for additional financial information should be addressed to the Director of Finance, City of Kennedale, 405 Municipal Dr., Kenne dale, Texas 76060. REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 33 BASIC FINANCIAL STATEMENTS REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 34 Governmental Business-type Activities Activities Total ASSETS Cash and investments 2,699,714 $ 1,468,125 $ 4,167,839 $ 270,350 $ Receivables (net of allowances for uncollectibles) Taxes 338,033 - 338,033 72,775 Accounts 463,646 810,086 1,273,732 1,691 Inventories - 157,381 157,381 - Prepaid items and deposits 30,520 - 30,520 10,000 Internal balances 320,601)( 320,601 - - Capital assets: Land 4,206,187 585,429 4,791,616 1,107,147 Buildings and improvements 4,989,683 5,761,606 10,751,289 5,967,485 Machinery and equipment 3,454,037 1,018,752 4,472,789 - Infrastructure/water and wastewater distribution 39,367,732 18,751,406 58,119,138 - Construction in progress 427,990 122,131 550,121 - Less: accumulated depreciation 17,581,706)( 9,174,578)( 26,756,284)( 1,751,510)( Total capital assets 34,863,923 17,064,746 51,928,669 5,323,122 Total assets 38,075,235 19,820,939 57,896,174 5,677,938 DEFERRED OUTFLOWS OF RESOURCES Deferred charge on refunding 125,186 - 125,186 - Deferred outflows related to pensions 836,364 122,550 958,914 - Total deferred outflows of resources 961,550 122,550 1,084,100 - LIABILITIES Accounts payable 274,630 313,430 588,060 3,532 Accrued liabilities 190,473 17,362 207,835 - Due to other governments 16,812 - 16,812 - Accrued interest 76,215 55,937 132,152 22,678 Unearned revenue - - - 20,000 Customer deposits - 263,475 263,475 18,899 Noncurrent liabilities: Due within one year 1,243,308 374,952 1,618,260 99,176 Due in more than one year 11,788,754 3,809,784 15,598,538 1,115,841 Total liabilities 13,590,192 4,834,940 18,425,132 1,280,126 DEFERRED INFLOWS OF RESOURCES Deferred inflows related to pensions 144,781 21,214 165,995 - Total deferred inflows of resources 144,781 21,214 165,995 - NET POSITION Net investment in capital assets 24,362,252 13,238,962 37,601,214 4,108,105 Restricted for: Capital improvements 425,432 204,223 629,655 - Economic development - - - 119,690 Public safety 155 - 155 - Unrestricted 457,818 1,644,150 2,101,968 170,017 Total net position 25,301,812 $ 15,087,335 $ 40,389,147 $ 4,397,812 $ Corporation Primary Government CITY OF KENNEDALE, TEXAS STATEMENT OF NET POSITION SEPTEMBER 30, 2017 Component Unit Economic Development The notes to the financial statements are an integral part of this statement.13 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 35 Operating Capital Charges for Grants and Grants and Functions/Programs Expenses Services Contributions Contributions Primary Government: Governmental activities: General government 1,460,659 $ 457,595 $ -$ -$ Public safety 4,494,080 353,139 130,928 - Public works 1,743,770 92,502 - - Culture and recreation 397,477 49,410 14,632 - Interest on long-term debt 348,741 - - 154,819 Total governmental activities 8,444,727 952,646 145,560 154,819 Business-type activities: Water and wastewater 3,271,916 4,734,006 - 263,103 Storm water drainage 66,067 352,480 - 111,193 Total business-type activities 3,337,983 5,086,486 - 374,296 Total primary government 11,782,710 $ 6,039,132 $ 145,560 $ 529,115 $ Component Unit: Kennedale Economic Development Corporation 756,332 $ 82,071 $ -$ -$ General revenues: Taxes: Property - general purposes Property - debt service Sales Franchise Investment earnings Miscellaneous Transfers Total general revenues and transfers Change in net position Net position, beginning Net position, ending CITY OF KENNEDALE, TEXAS STATEMENT OF ACTIVITIES FOR THE YEAR ENDED SEPTEMBER 30, 2017 Program Revenues 14 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 36 Component Unit Economic Governmental Business-type Development Activities Activities Total Corporation 1,003,064)$( -$ 1,003,064)$( -$ 4,010,013)( - 4,010,013)( - 1,651,268)( - 1,651,268)( - 333,435)( - 333,435)( - 193,922)( - 193,922)( - 7,191,702)( - 7,191,702)( - - 1,725,193 1,725,193 - - 397,606 397,606 - - 2,122,799 2,122,799 - 7,191,702)( 2,122,799 5,068,903)( - 674,261)( 3,571,381 - 3,571,381 - 1,132,489 - 1,132,489 - 1,208,557 - 1,208,557 363,679 537,454 - 537,454 - 13,272 3,919 17,191 789 143,633 - 143,633 246,733 748,617 748,617)( - - 7,355,403 744,698)( 6,610,705 611,201 163,701 1,378,101 1,541,802 63,060)( 25,138,111 13,709,234 38,847,345 4,460,872 25,301,812 $ 15,087,335 $ 40,389,147 $ 4,397,812 $ Net (Expense) Revenue and Changes in Net Position Primary Government 15 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 37 Other Total Debt TIRZ #1 Governmental Governmental General Service New Hope Funds Funds ASSETS Cash and investments 2,240,617 $ 46,608 $ -$ 412,489 $ 2,699,714 $ Receivables (net of allowance for uncollectibles): Taxes 316,291 21,742 - - 338,033 Accounts 293,711 - - 169,935 463,646 Due from other funds 165,494 - - - 165,494 Prepaid items 30,520 - - - 30,520 Advance to other funds 176,235 - - 297,060 473,295 Total assets 3,222,868 68,350 - 879,484 4,170,702 LIABILITIES Accounts payable 274,429 - - 201 274,630 Accrued liabilities 190,473 - - - 190,473 Due to other governments 16,812 - - - 16,812 Due to other funds - - 8,858 156,636 165,494 Advance from other funds - - 793,896 - 793,896 Total liabilities 481,714 - 802,754 156,837 1,441,305 DEFERRED INFLOWS OF RESOURCES Unavailable revenue - court fines 166,181 - - - 166,181 Unavailable revenue - property taxes 93,544 26,369 - - 119,913 Unavailable revenue - ambulance 10,260 - - - 10,260 Total deferred inflows of resources 269,985 26,369 - - 296,354 FUND BALANCES Nonspendable: Prepaid items 30,520 - - - 30,520 Advance 176,235 - - 297,060 473,295 Restricted for: Public safety - - - 155 155 Capital projects - - - 425,432 425,432 Unassigned 2,264,414 41,981 802,754)( - 1,503,641 Total fund balances 2,471,169 41,981 802,754)( 722,647 2,433,043 Total liabilities, deferred inflows of resources and fund balances 3,222,868 $ 68,350 $ -$ 879,484 $ 4,170,702 $ SEPTEMBER 30, 2017 GOVERNMENTAL FUNDS BALANCE SHEET CITY OF KENNEDALE, TEXAS 16 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 38 Amounts reported for governmental activities in the statement of net position are different because: Total fund balance governmental funds 2,433,043 $ Capital assets used in governmental activities are not current financial resources and therefore are not reported in the funds.34,863,923 Uncollected revenues are reported as unavailable resources in the governmental funds balance sheet, but are recognized as a revenue in the statement of activities. Property taxes 119,913 Ambulance fees 10,260 Court fines 166,181 Long-term liabilities,including bonds payable,notes payable,compensated absences,net other post employment obligation and net pension liability are not due and payable in the current period and therefore are not reported in the governmental funds balance sheet. Bonds payable 9,921,044)( Deferred amount on refunding 125,186 Issuance premium 105,256)( Capital lease obligation 600,557)( Compensated absences 383,607)( Net pension liability and related deferred resources 1,330,015)( Interest payable on long-term debt in the City's governmental activities is not payable from current resources and therefore is not reported in the governmental funds balance sheet.76,215)( 25,301,812 $ CITY OF KENNEDALE, TEXAS RECONCILIATION OF THE GOVERNMENTAL FUNDS BALANCES SHEET TO THE STATEMENT OF NET POSITION SEPTEMBER 30, 2017 Net position of governmental activities The notes to the financial statements are an integral part of this statement.17 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 39 Other Total Debt TIRZ #1 Governmental Governmental General Service New Hope Funds Funds REVENUES Taxes: Property 3,519,507 $ 1,123,731 $ 9,958 $ -$ 4,653,196 $ Sales 1,208,557 - - - 1,208,557 Franchise fees 537,454 - - - 537,454 Licenses and permits 361,031 - - 104,886 465,917 Fines and forfeitures 195,172 - - 1,392 196,564 Public safety fees 264,317 - - - 264,317 Intergovernmental 182,796 154,819 - 1,800 339,415 Charges for services 76,682 - - - 76,682 Investment earnings 11,039 469 - 1,764 13,272 Contributions - - - 4,399 4,399 Other 103,494 - - 81,036 184,530 Total revenues 6,460,049 1,279,019 9,958 195,277 7,944,303 EXPENDITURES Current: General government 1,321,110 - - - 1,321,110 Public safety 4,269,810 - - 1,650 4,271,460 Public works 722,228 - 6,000 - 728,228 Culture and recreation 313,774 - - 8,579 322,353 Capital outlay 883,111 - 88,987 - 972,098 Debt service: Principal 44,249 1,078,695 - - 1,122,944 Interest and other 4,700 344,341 - - 349,041 Total expenditures 7,558,982 1,423,036 94,987 10,229 9,087,234 EXCESS OF REVENUES OVER EXPENDITURES 1,098,933)( 144,017)( 85,029)( 185,048 1,142,931)( OTHER FINANCING SOURCES (USES) Issuance of long-term debt 331,865 - - - 331,865 Transfers in 756,076 174,137 76,171 - 1,006,384 Transfers out 98,136)( - - 159,631)( 257,767)( Total other financing sources and (uses)989,805 174,137 76,171 159,631)( 1,080,482 NET CHANGE IN FUND BALANCES 109,128)( 30,120 8,858)( 25,417 62,449)( FUND BALANCES, BEGINNING 2,580,297 11,861 793,896)( 697,230 2,495,492 FUND BALANCES, ENDING 2,471,169 $ 41,981 $ 802,754)$( 722,647 $ 2,433,043 $ FOR THE YEAR ENDED SEPTEMBER 30, 2017 GOVERNMENTAL FUNDS CHANGES IN FUND BALANCES STATEMENT OF REVENUES, EXPENDITURES AND CITY OF KENNEDALE, TEXAS 18 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 40 Net change in fund balance - total governmental funds 62,449)( Governmental funds report capital outlay as expenditures.However,in the statement of activities the cost of these assets is allocated over their estimated useful lives and reported as depreciation expense.This is the amount by which capital outlay in the current period exceeded depreciation expense. Capital outlay 844,966 Depreciation 1,298,311)( The net effect of various transactions involving capital assets (i.e.,sales,trade-ins,and donations) is to decrease net position.20,802)( Revenues in the statement of activities that do not provide current financial resources are not reported as revenues in the funds. 63,690)( Governmental funds report all payments to pension benefits as expenditures.However,in the government-wide statement of activities the pension expense is actuarially determined.This amount is the change in the following items: Net pension liability 53,175 Deferred outflow related to pensions 154,862)( Deferred inflow related to pensions 466 Some expenses reported in the statement of activities do not require the use of current financial resources;therefore,they are not reported as expenditures in governmental funds.This amount reflects the change in the accrued liability for compensated absences. Compensated absences 73,829 Accrued interest 3,301 Amortization of deferred loss on refunding bonds 11,381)( Amortization of premium on bond issuance 8,380 The issuance of long-term debt (e.g.,bonds)provides current financial resources to governmental funds,while repayment of the principal long-term debt consumes the current financial resources of governmental funds.Neither transaction,however,has any effect on net position.Also, governmental funds report the effect of premiums,discounts,and similar items when debt is first issued,whereas these amounts are deferred and amortized in the statement of activities.This amount is the net effect of these differences in the treatment of long-term debt and related items. Payments on bonds 967,163 Payments on capital leases 155,781 Issuance of capital lease 331,865)( Change in net position of governmental activities 163,701 $ CITY OF KENNEDALE, TEXAS RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES FOR THE YEAR ENDED SEPTEMBER 30, 2017 Amounts reported for governmental activities in the statement of activities are different because: The notes to the financial statements are an integral part of this statement.19 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 41 Non-major Total Water and Storm Water Enterprise Wastewater Drainage Funds ASSETS Current assets: Cash and investments 1,440,995 $ 27,130 $ 1,468,125 $ Accounts receivable - net of allowances for uncollectible 664,709 145,377 810,086 Inventories 157,381 - 157,381 Total current assets 2,263,085 172,507 2,435,592 Noncurrent assets: Advance to other funds 320,601 - 320,601 Capital assets: Land 409,801 175,628 585,429 Buildings and improvements 5,761,606 - 5,761,606 Equipment 1,018,752 - 1,018,752 Water and wastewater distribution 18,076,620 674,786 18,751,406 Construction in progress 50,214 71,917 122,131 Less: accumulated depreciation 9,160,235)( 14,343)( 9,174,578)( Total capital assets 16,156,758 907,988 17,064,746 Total noncurrent assets 16,477,359 907,988 17,385,347 Total assets 18,740,444 1,080,495 19,820,939 DEFERRED OUTFLOWS OF RESOURCES Deferred outflows related to pensions 122,550 - 122,550 Total deferred outflows of resources 122,550 - 122,550 LIABILITIES Current liabilities: Accounts payable 310,352 3,078 313,430 Accrued liabilities 17,362 - 17,362 Accrued interest 55,937 - 55,937 Customer deposits 263,475 - 263,475 Compensated absences 12,547 - 12,547 Capital leases payable 100,742 - 100,742 Bonds payable 261,663 - 261,663 Total current liabilities 1,022,078 3,078 1,025,156 Long-term liabilities: Compensated absences 50,189 - 50,189 Net pension liability 296,216 - 296,216 Capital leases payable 1,249,467 - 1,249,467 Bonds payable 2,213,912 - 2,213,912 Total long-term liabilities 3,809,784 - 3,809,784 Total liabilities 4,831,862 3,078 4,834,940 DEFERRED INFLOWS OF RESOURCES Deferred inflows related to pensions 21,214 - 21,214 Total deferred inflows of resources 21,214 - 21,214 NET POSITION Net investment in capital assets 12,330,974 907,988 13,238,962 Restricted for: Capital improvements 204,223 - 204,223 Unrestricted 1,474,721 169,429 1,644,150 Total net position 14,009,918 $ 1,077,417 $ 15,087,335 $ Business-type Activities CITY OF KENNEDALE, TEXAS STATEMENT OF NET POSITION PROPRIETARY FUNDS SEPTEMBER 30, 2017 The notes to the financial statements are an integral part of this statement.20 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 42 Non-major Total Water and Storm Water Enterprise Wastewater Drainage Funds OPERATING REVENUES Charges for services: Water 2,598,474 $ -$ 2,598,474 $ Wastewater 2,044,185 - 2,044,185 Storm water drainage - 352,480 352,480 Other 91,347 - 91,347 Total operating revenues 4,734,006 352,480 5,086,486 OPERATING EXPENSES Cost of sales and services 1,486,875 877 1,487,752 Administration 860,433 51,694 912,127 Depreciation 766,171 13,496 779,667 Total operating expenses 3,113,479 66,067 3,179,546 OPERATING INCOME 1,620,527 286,413 1,906,940 NON-OPERATING REVENUES (EXPENSES) Investment earnings 3,382 537 3,919 Interest and other 158,437)( - 158,437)( Total non-operating revenues (expenses)155,055)( 537 154,518)( Income before capital contributions and transfers 1,465,472 286,950 1,752,422 Capital contributions 263,103 111,193 374,296 Transfers out 748,617)( - 748,617)( CHANGE IN NET POSITION 979,958 398,143 1,378,101 TOTAL NET POSITION, BEGINNING 13,029,960 679,274 13,709,234 TOTAL NET POSITION, ENDING 14,009,918 $ 1,077,417 $ 15,087,335 $ CITY OF KENNEDALE, TEXAS PROPRIETARY FUND FOR THE YEAR ENDED SEPTEMBER 30, 2017 STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET POSITION Business-type Activities The notes to the financial statements are an integral part of this statement.21 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 43 Non-major Total Water and Storm Water Enterprise Wastewater Drainage Funds CASH FLOWS FROM OPERATING ACTIVITIES Cash received from customers 4,701,762 $ 342,977 $ 5,044,739 $ Cash payments to employees for services 681,362)( - 681,362)( Cash payments to suppliers for goods and services 1,621,881)( 72,320)( 1,694,201)( Cash provided by operating activities 2,398,519 270,657 2,669,176 CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES Transfers to other funds 748,617)( - 748,617)( Cash used by for noncapital financing activities 748,617)( - 748,617)( CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Capital grants 70,257 - 70,257 Capital contributions - impact fees 192,846 - 192,846 Acquisition and construction of capital assets 308,546)( 307,430)( 615,976)( Principal repayments on debt 348,477)( - 348,477)( Interest and other charges on debt 162,833)( - 162,833)( Cash used for capital and related financing activities 556,753)( 307,430)( 864,183)( CASH FLOWS FROM INVESTING ACTIVITIES Interest on investments 3,382 537 3,919 Cash provided by investing activities 3,382 537 3,919 NET INCREASE IN CASH AND CASH EQUIVALENTS 1,096,531 36,236)( 1,060,295 CASH AND CASH EQUIVALENTS, BEGINNING 344,464 63,366 407,830 CASH AND CASH EQUIVALENTS, ENDING 1,440,995 $ 27,130 $ 1,468,125 $ RECONCILIATION OF OPERATING INCOME TO NET CASH PROVIDED BY OPERATING ACTIVITIES Operating income 1,620,527 $ 286,413 $ 1,906,940 $ Adjustments to reconcile operating income to net cash provided by operating activities: Depreciation 766,171 13,496 779,667 Change in assets and liabilities: Decrease (increase) in accounts receivable 37,974)( 9,503)( 47,477)( Decrease (increase) in deferred outflows related to pensions 22,560 - 22,560 Increase (decrease) in accounts payable 16,264 19,749)( 3,485)( Increase (decrease) in accrued liabilities 1,662 - 1,662 Increase (decrease) in customer deposits 5,730 - 5,730 Increase (decrease) in compensated absences 11,147 - 11,147 Increase (decrease) in deferred inflows related to pensions 49)( - 49)( Increase (decrease) in net pension liability 7,519)( - 7,519)( Total adjustments 777,992 15,756)( 762,236 Net cash provided by operating activities 2,398,519 $ 270,657 $ 2,669,176 $ CITY OF KENNEDALE, TEXAS STATEMENT OF CASH FLOWS PROPRIETARY FUNDS FOR THE YEAR ENDED SEPTEMBER 30, 2017 Business-type Activities The notes to the financial statements are an integral part of this statement.22 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 44 CITY OF KENNEDALE, TEXAS NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30, 2017 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES City of Kennedale, Texas (the “C ity”) was incorporated in 1947. The City operates as a home -rule City under a council -manager form of government and provides t he following service s as authorized by its charter: police, fire, planning, zoning and code enforcement, public works, streets, parks and recreation, public library, ambulance, water and sewer utilities and ge neral administrative services. Sanitation colle ction services are provided through a private contractor. The accounting and reporting policies of the City conform to accounting principles generally accepted in the United States of America for local governments. Generally accepted accounting principles (GAAP) for local governments include those principles prescribed by the Governmental Accounting Standards Board (GASB ). The following is a summary of the more significant ac counting and reporting policies: A. Reporting Entity The accompanying financial statements present the City and its component units, entities for which the City is considered to be financially accountable. Blended component units, although legally separate entities, are, in substance, part of the City ’s operations and are appropriately presented as f unds of the primary government. Discretely presented component units, on the other hand, are reported in a separate column in the government -wide financial state ments to emphasize it i s legally separate from the City . Discretely Presented Component Unit : The Kennedale Economic Development Corporation (“KEDC”). KEDC is a legally separate entity incorporated on December 2, 1996. The Corporation’s purpose is to pr omote economic development within the City, including, but not limited to, construction, operation and administration, as permitted by Section 4B of the Act, as amended. The City Council appoints the governing board for this entity and is able to impose it s will upon the Corporation . KEDC is presented as a governmental fund type. A s eparate ly issued financial report is available for the Kennedale Economic Development Corporation. This report may be obtained by contacting the following office. City of Ken nedale, Texas Director of Finance 405 Municipal Drive Kennedale, Texas 76060 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 45 Blended Component Unit : On July 12 , 2012, the City Council adopted an Ordinance designating an area Tax Increment Reinvestment Zone (TIRZ) #1 New Hope . The purpose for creation of the TIRZ was to finance and make certain public improvements, under the authority of the Tax Increment Financing Act. For reporting purposes, the TIRZ is a blended component unit. The Council appoints a majority of the TIRZ board members, and a pproves recommendations from the Board in regards to administration, management, and operation of the TIRZ. The TIRZ is reported as a governmental fund and separate financial reports are available from the City’s finance department. B. Government -wide and Fu nd Financial Statements The government -wide financial statements (i.e., the statement of n et p osition and the statement of activities) report inform ation on all of the activities of the primary government and its component units. For the most part, the effect of interfund activity has been removed from these statements. Governmental activities, which normally are supported by taxes and intergovernmental revenue, are rep orted separately from business -type activities, which rely to a significant extent on fees and charges for support. Likewise, the primary government is reported separately from certain legally separate component units for which the primary government is fi nancially accountable. The statement of activities demonstrates the degree to which the direct expenses of a given function or segment are offset by program revenue. Direct expenses are those that are clearly identifiable with a specific function or segme nt. Certain indirect costs have been included as part of the program expenses reported for the various functional activities. Program revenue includes 1) charges to customers or applicants who purchase, use, or directly benefit from goods, services, or pri vileges provided by a given function or segment, and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Taxes and other items not properly included among program revenue a re reported instead as general revenue. Separate financial statements are provided for governmental funds and propri etary funds. Major individual G overnmental F unds and major individual Enterprise Funds are reported as separate columns in the fund financi al statements. C. Measurement Focus, Basis of Accounting and Financial Statement Presentation The government -wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting, as are the propriet ary fu nd financial statements. Revenue is recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Property taxes are recognized as revenue in the year for which they are levied. Grants and simi lar items are recognized as revenue as soon as all eligibility requirements imposed by the provider have been met. REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 46 Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual b asis of accounting. Revenue is recognized as soon as it is both measurable and available. Revenue is considered to be available when it is collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this pu rpose, the government considers revenue to be available if collected within 60 days of the end of the current fiscal period. Expenditures generally are recorded when a liability is incurre d, as under accrual accounting. However, debt service expenditures, as well as expenditures related to compensated absences and claims and judgments, are recorded only when payment is due. Property taxes, franchise taxes, sales taxes, and interest associated with the current fiscal period are all considered to be suscepti ble to accrual and so have been recognized as revenue of the current fiscal period. All other revenue items are considered to be measurable and available only when cash is received by the City. The City reports the following major governmental fund s : The General Fund is the City’s primary operating fund. It accounts for all financial resources of the general government, except those required to be accounted for in another fund. The Debt Service Fund is used to account for resources accumulated and payments made for principal and interest on long -term general obligation debt of governmental funds. The TI RZ #1 (New Hope) Fund is used to account for the construction of various capital improvements wi th in the TIRZ that will be funded with the incremental prope rty tax revenue within the TIRZ area. The City reports the following major proprietary fund: The Water and Wastewater Fund accounts for the activities necessary for the provision of water and wast ewater services. As a general rule, the effect of interfund activity has been eliminated from the govern ment -wide financial statements. Exceptions to this general rule are charges between the City’s water and wastewater function and various othe r function s of the government. Elimination of these charges would distort the direct costs and program revenue reported for the various functions concerned. Amounts reported as program revenues include: 1) charges to customers or applicants for goods, services, or privileges provided, 2) operating grants and contributions, and 3) capital grants and contributions, including special assessments. Internally dedicated resources are reported as general revenues rather than as program revenue. Likewise, general revenue includes all taxes. REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 47 Proprietary funds distinguish operating revenues and expenses from nonoperating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connec tion with a proprietary fund’s principal ongoing operations. The principal operating revenues of the City’s Enterprise Fund are charges to cu stomers for sales and services. Operating expenses for the Enterprise Fund include cost of sales and services, admi nistrative expenses, and d epreciation on capital assets. All revenue and expenses not meeting this definition are reported as nonoperating revenue and expenses. D. Assets, Deferred Outflows and Inflows of Resources, Liabilities and Net Position /Fund Balance Deposits and Investments The City pools substantially all cash and investments except for separate cash and investment accounts, which are maintained in accordance with legal restrictions. Investments in government pools are recorded at amortized cost. All other investments are recorded at fair value. Fair value is the amount at which a financial instrument could be exchanged in a current traction between willing parties. For purpose of presenting the proprietary fund cash flow statement, cash and cash equivalents includes demand deposits and investments with a maturity date within three months of the date acquired by the City. Receivables and Payables Activity between funds that are representative of lending/borrowing arrangements outstanding at the end of the fiscal year are referred to as either “due to/from other funds” (i.e., the current portion of interfund loans) or “advances to/from other funds” (i.e., the noncurrent portio n of interfund loans). All other outstanding balances between funds are reported as “due to/from other funds.” Any residual balances outstanding between the governmental activities and business -type activities are reported in the government -wide financial statements as “internal balances.” Property taxes attach as an enforcea ble lien on property as of October 1. Taxes are levied each October 1 and are due and payable on or before January 31 of the following year. All unpaid taxes become delinquent February 1 of the following year. The Tarrant County Tax Assessor/Collector bill s and coll ects the City’s property taxes. Any uncollected property taxes as of September 30, which are not expected to be collected within 60 days, are recorded as taxes receivable and deferred revenue. As a City that operates under a home -rule charter, t he City has a tax rate limitation of $2.50 per $100 assessed valuation. For the year ended September 30, 2017 , the City had a tax rate of $0 .7 67 486 per $100 of which $0 .585101 was alloca ted for general government and $0 .182385 was allocated for payment of principal and interest on general long -term debt. REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 48 Inventories and Prepaid Items All inventories are valued using the average cost method. Inventories of governmental funds are recor ded as expenditures when consumed rather than when purchased. Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both the government -wid e and fund financial statements. The cost of prepaid items is recorded as expenditures/expenses when consumed rather than when purchased. Restricted Assets Certain proceeds of the Enterprise Fund bonds and certain resources set aside for their repayment are classified as restricted assets on the balance sheet because their use is limited by applicable bond covenants. Capital Assets Capital assets, which include property, plant, equipment, and infrastructure (e.g. roads, bridges, sidewalks and similar items), are reported in the applicable governmental or business -type activities columns in the governm ent -wide financial statements. The City defines capital assets as assets with an initial, individual cost of more than $5,000 and an estimated useful life in excess of one year. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at acquisition value, which is the price that would be paid to acquire an asset with equivalen t service potential at the acquisition date. The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets’ lives are not capitalized. Property, plant and equipment are depreciated using the straight -li ne method over the following useful lives: Assets Years Plants and buildings 20 Machinery and equipment 4 - 10 Infrastructure (streets and drainage)35 - 125 Other structures 50 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 49 Deferred Outflows/Inflows of Resources In addition to assets, the statement of financial position and/or balance sheet will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then. The City has the following items that qualify for reporting in this category. • Deferred losses on bond refunding – A deferred loss on refunding results from the difference in the carrying value of refunded debt and its reacquisition price. This amount is deferred and amortized over the shorter of the life of the refunded or refunding debt. • Pension contributions aft er measurement date – These contributions are deferred and recognized in the following fiscal year. • Changes in actuarial assumptions related to the pension plan – This difference is deferred and recognized over the estimated average remaining lives of all members determined as of the measurement date. • Difference in projected and actual earnings on pension assets – This difference is deferred and amortized over a closed five year period. • Difference in expected and actual pension experience – This difference is deferred and recognized over the estimated average remaining lives of all members determined as of the measurement date. In addition to liabilities, the statement of financial position and/or balance sheet will sometimes report a separate se ction for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue ) until that time. The City has only one type of item that qualifies for reporting in this category. The difference in expected and actual pension experience is deferred and recognized over the estimated average remaining lives of all members determined as of the measurement date. Compensated Absences Vacation is earned in varying amounts up to a maximum of 160 hours per year for 40 -hour week personnel with 6 or more years of service. Vacation leave does not accumulate from one year to the next for amoun ts over 160 hours. 40 -hour per week personnel accrues one -half working day (4 hours) of sick leave for each full month of employment in the calendar year. Upon separation from employment, a permanent employee who has completed six months of employment is entitled to be paid the amount of salary for the employee’s accumulated sick leave but not to exceed 60 hours for 40 -hour per week employees. REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 50 All unused vested vacation and sick leave is accrued when incurred in the government -wide and proprietary fund financial statements. A liability for these amounts is reported in governmental funds only if they have matured, for example, as a result of employee resignations and retirements. Long -term Obligations In the government -wide financial statements and prop rietary fund types in the fund financial statements, long -term debt and other long -term obligations are reported as liabilities in the applicable governmental activities, business -type activities, or proprietary fund type statement of Net Position . Bond pr emiums and discounts are deferred and amortized over the life of the bonds using the straight -line method. Bonds payable are reported net of the applicable bond premium or discount. Bond issuance costs are expensed during the period of issuance . In the fu nd financial statements, governmental fund types recognize bond premiums and discounts, as well as bond issuance costs, during the current period. The face amount of debt issued is report ed as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are rep orted as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures. Pensions For purpos es of measuring the net pension liability, deferred outflows of resources and deferred inflows of resources related to pensions, and pension expense, information about the Fiduciary Net Position of the Texas Municipal Retirement System (TMRS) and additions to/deductions from TMRS’s Fiduciary Net Position have been determined on the same basis as they are reported by TMRS. For this purpose, plan contributions are recognized in the period that compensation is reported for the employee, which is when contribut ions are legal ly due. Benefit payments and refunds are recognized when due and payable in accordance with the benefit terms. Investments are reported at fair value. Net Position Net Position represent s the difference between assets , deferred inflows/outflows of resources and liabilities. Net invest ment in capital assets consists of capital assets, net of accumulated depreciation, reduced by the outstanding balances of any borrowing used for the acquisition, construction or improvement of those assets , and adding back unspent proceeds . Net p osition is reported as restricted when there are limitations imposed on their use either through the enabling legislation adopted by the City or through external restrictions imposed by creditors, grantors or laws or regulations of other governments. Fund Balance The governmental fund financial statements present fund balances based on classifications that comprise a hierarchy that is based primarily on the extent to which the City is bound to honor constraints on the specific purposes for which amounts in the resp ective governmental funds can be spent. REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 51 The classifications used in the governmental fund financial statements are as follows: • Nonspendable: This classification includes a mounts that cannot be spent because they are either (a) not in spendable form or (b) are legally or contractually required to be maintained intact. Nonspendable items are not expected to be converted to cash or are not expected to be converted to cash within the next year. • Restricted: This classification includes amounts for which cons traints have been placed on the use of the resources either (a) externally imposed by creditors, grantors, contributors, or laws or regulations of other governments, or (b) imposed by law through constitutional provisions or enabling legislation. • Committe d: This classification includes amounts that can be used only for specific purposes pursuant to constraints imposed by board resolution of the city council, the City’s highest level of decision making authority. These amounts cannot be used for any other p urpose unless the city council removes or changes the specified use by taking the same type of action that was employed when the funds were initially committed. This classification also includes contractual obligations to the extent that existing resources have been specifically committed for use in satisfying those contractual requirements. • Assigned: This classification includes amounts that are constrained by the City’s intent to be used for a specific purpose but are neither restricted nor committed. T h e city council has by resolution authorized the city manager and finance director to assign fund balance. The council may also assign fund balance. Unlike commitments, assignments generally only exist temporarily. In other words, an additional action does not normally have to be taken for the removal of an assignment. • Unassigned: This classification includes the residual fund balance for the General Fund. The unassigned classification also includes negative residual fund balance of any other governmental fund that cannot be eliminated by offsetting of assigned fund balance amounts. Net Position Flow Assumption Sometimes the City will fund outlays for a particular purpose from both restricted (e.g., res tricted bond or grant proceeds) and unrestricted resources. In order to calculate the amounts to report as restricted – net position and unrestricted – net position in the government -wide and proprietary fund financial statements, a flow assumption must be made about the order in which the resources are considered to be applied. It is the City’s policy to consider restricted – net position to have been depleted before unrestricted – net position is applied. REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 52 Fund Balance Flow Assumption Sometimes the City will fund outlays for a particular purpose from both restricted and unrestricted resources (the total of committed, assigned, and unassigned fund balance). In order to calculate the amounts to report as restricted, committed, assigned, and unassigned fund balance in the governme ntal fund financial statements a flow assumption must be made about the order in which the resources are considered to be applied. It is the City’s policy to consider restricted fund balance to have been depleted before using any of the components of unres tricted fund balance. Further, when components of unrestricted fund balance can be used for the same purpose, committed fund balance is depleted first, followed by assigned fund balance. Unassigned fund balance is applied last. Estimates The preparation of financial statements, in conformity with generally accepted accounting principles, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual amounts could differ from those estimates. Deficit Fund Balance At year -end the TIRZ #1 New Hope Fund had a deficit fund balance of $802,754 . It is anticipated that this deficit fund balance will be funded with incremental property tax revenue within the TIRZ in subsequent years. REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 53 2. DETAILED NOTES ON ALL FUNDS AND ACTIVITIES Deposits and Investments The Public Funds Investment Act (Government Code Chapter 2256) contains specific provisions in the areas of investment practices, management reports and establishment of appropriate policies. Among other things, it requires the City to adopt, implement, and publicize an in vestment policy. That policy must address the following areas: (1) safety of principal and liquidity, (2) portfolio diversification, (3) allowable investments, (4) acceptable risk levels, (5) expected rates of return, (6) maximum allowable stated maturity of portfolio investments, (7) maximum average dollar -weighted maturity allowed based on the stated maturity date for the portfolio, (8) investment staff quality and capabilities, and (9) bid solicitation preferences for certificates of deposit. Statutes au thorize the City to invest in (1) obligations of the U. S. Treasury, certain U. S. Agencies, and the State of Texas; (2) certificates of deposit, (3) certain municipal securities, (4) money market savings accounts, (5) repurchase agreements, (6) bankers’ a cceptances, (7) Mutual Funds, (8) Investment pools, (9) guaranteed investment contracts, and (10) common trust funds. The Act also requires the City to have independent auditors perform test procedures related to investment practices as provided by the Act . The City is in substantial compliance with the requirements of the Act and with local policies. In compliance with the Public Funds Investment Act, the City has adopted a deposit and investment policy. That policy does address the following risks: a. Custodial Credit Risk: Deposits: In the case of deposits, this is the risk that, in the event of a bank failure, the government’s deposits may not be returned to it. State statutes require that all deposits in financial institutions be fully collateralized by U.S. Government obligations or its agencies and instrumentalities or direct obligations of Texas or its agencies and instrumentalities that have a fair value of not less than the principal amount of deposits. As of September 30, 2017 , the City’s deposit balance was collateralized with securities held by the pledging financial institution in the City’s name or covered by FDIC insurance. b. b. Credit Risk: It is the City’s policy to limit investm ents to investment types with an investment quality rating no lower than AAA or AAA -m or an equivalent rating by at least one nationally recognized rating service or no lower than investment grade by at least one nationally recognized rating service with a weighted average maturity no greater than 90 days. The City’s investments were rated AAAm by Standard and Poor’s Investors Services. c. Interest Rate Risk: In accordance with the City’s investment policy, the City manages its exposure to declines in fair va lues by limiting the weighted average maturity of its investment portfolio to 90 days or less, dependent on market conditions. d. Concentration of Credit Risk: The government’s investment policy states the maximum percentage allowed for each different invest ment instrument that can be used to make up the portfolio. REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 54 At September 30, 2017 , the primary government’s investments consisted of: Carrying Value TexStar 330,345 $ Texas Term 31,720 TexPool 1,978,677 2,340,742 $ During the fiscal year, the City manag ed the investments of the KEDC. The KEDC investments are categorized in the same manner as the City ’s and consist of TexPool with a carrying value of $29,735 . The Interlocal Cooperation Act, Chapter 791 of the Texas Government Code, and the Public Funds Investment Act, Chapter 2256 of the Texas Government Code (the “Act”), provide for the creation of public funds investment pools, such as Texas Short -term Reserve Fund (“TexStar”), Texas Local Government Investment Pool (TexPool), and TexasTerm, through wh ich political subdivisions and other entities may invest public funds. TexStar, TexPool, and TexasTERM have a redemption notice period of one day and may redeem daily. The investment pool’s authority may only impose restrictions on redemptions in the even t of a general suspension of trading on major securities markets, general banking moratorium or national state of emergency that affects the pool’s liquidity. Receivables Receivables as of year -end for the City’s individual major fund s and nonmajor funds in the aggregate, including the applicable allowances for uncollectible accounts, are as follows: Debt Nonmajor Water and Storm Water General Service Governmental Wastewater Drainage Total Receivables: Taxes 439,970 $ 55,908 $ -$ -$ -$ 495,878 $ Accounts 72,148 - 13,299 821,658 38,412 945,517 Intergovernmental 9,862 - 156,636 - 111,193 277,691 Court fines 1,446,550 - - - - 1,446,550 Ambulance 2,648,991 - - - - 2,648,991 Gross receivables 4,617,521 55,908 169,935 821,658 149,605 5,814,627 Less: allowance for uncollectibles 4,007,519)( 34,166)( - 156,949)( 4,228)( 4,202,862)( Net total receivables 610,002 $ 21,742 $ 169,935 $ 664,709 $ 145,377 $ 1,611,765 $ REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 55 Capital Assets Capital asset act ivity for the year ended September 30, 2017 , was as follows: Primary Government Beginning Decreases/Ending Balance Increases Adjustment Balance Government activities: Capital assets, not being depreciated: Land 3,963,754 $ 242,433 $ -$ 4,206,187 Construction work in progress 1,548,384 128,114 1,248,508 427,990 Total capital assets not being depreciated 5,512,138 370,547 1,248,508 4,634,177 Capital assets, being depreciated: Buildings 4,994,902 20,783 26,002 4,989,683 Machinery and equipment 3,020,872 433,165 - 3,454,037 Infrastructure 38,098,753 1,268,979 - 39,367,732 Total capital assets being depreciated 46,114,527 1,722,927 26,002 47,811,452 Less accumulated depreciation: Buildings 2,467,807 165,650 5,200 2,628,257 Machinery and equipment 2,483,900 241,609 - 2,725,509 Infrastructure 11,336,888 891,052 - 12,227,940 Total accumulated depreciation 16,288,595 1,298,311 5,200 17,581,706 Total capital assets, being depreciated, net 29,825,932 424,616 20,802 30,229,746 Governmental activities capital assets, net 35,338,070 $ 795,163 $ 1,269,310 $ 34,863,923 $ Beginning Decreases/Ending Balance Increases Adjustment Balance Business-type activities: Capital assets, not being depreciated: Land 409,801 $ 175,628 $ -$ 585,429 $ Construction work in progress 810,179 50,214 738,262 122,131 Total capital assets not being depreciated 1,219,980 225,842 738,262 707,560 Capital assets, being depreciated: Buildings 5,386,339 375,267 - 5,761,606 Machinery and equipment 1,018,752 - - 1,018,752 Improvements other than buildings 17,998,277 753,129 - 18,751,406 Total capital assets being depreciated 24,403,368 1,128,396 - 25,531,764 Less accumulated depreciation: Buildings 2,411,677 120,721 - 2,532,398 Machinery and equipment 822,874 56,103 - 878,977 Improvements other than buildings 5,160,360 602,843 - 5,763,203 Total accumulated depreciation 8,394,911 779,667 - 9,174,578 Total capital assets, being depreciated, net 16,008,457 348,729 - 16,357,186 Business-type activities capital assets, net 17,228,437 $ 574,571 $ 738,262 $ 17,064,746 $ REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 56 Depreciation expense was charged to fun ctions/programs of the primary government as follows: Governmental activities: General government 71,699 $ Public safety 204,846 Public works 949,925 Culture and recreation 71,841 Total depreciation expense - governmental activities 1,298,311 $ Business-type activities: Water and wastewater 766,171 $ Storm water drainage 13,496 Total depreciation expense - business-type activities 779,667 $ Discretely presented component units Capital asset activity of the discretely presented component unit for the year was as follows: Beginning Decreases/Ending Balance Increases Adjustment Balance Capital assets, not being depreciated: Land 1,085,147 $ 22,000 $ -$ 1,107,147 $ Totals, capital assets, not being depreciated 1,085,147 22,000 - 1,107,147 Capital assets, being depreciated: Buildings 4,718,369 21,716 - 4,740,085 Improvements 1,017,693 - - 1,017,693 Infrastructure 209,707 - - 209,707 Totals, capital assets being depreciated 5,945,769 21,716 - 5,967,485 Less accumulated depreciation for: Buildings 1,172,854 237,004 - 1,409,858 Improvements 278,685 50,885 - 329,570 Infrastructure 7,888 4,194 - 12,082 Total accumulated depreciation 1,459,427 292,083 - 1,751,510 Total capital assets, being depreciated, net 4,486,342 270,367)( - 4,215,975 Capital assets, net 5,571,489 $ 248,367)$( -$ 5,323,122 $ REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 57 Interfund Balances and Transfers The composition of interfund balances as of September 30, 2017 is as follows: Due to and from: Receivable Fund Payable Fund Amount General Capital Bond 156,636 $ General Debt Service 51,528 General TIRZ #1 New Hope 8,858 Total 217,022 $ These balance resulted from the General F und temporarily loaning cash to the Capital Bond Fund for expenditures that will be reimbursed by a granting agency, and the other funds for various expenditures. Advances to and from: Advance From Advance To Amount General TIRZ #1 New Hope 176,235 $ Nonmajor governmental TIRZ #1 New Hope 297,060 Water and Wastewater TIRZ #1 New Hope 320,601 Total 793,896 $ These balances resulted from the General Fund, Road way Impact Fee Fund and Water and Sewer Fund loaning cas h to the TIRZ #1 New Hope Fund for capital projects that will be repaid with incremental propert y tax collections within the TIRZ area. Interfund activity for the year ended September 30, 2017 is as follows: Transfers In Transfers Out General Fund Water and Wastewater 748,617 $ Debt Service Fund General Fund 98,136 Debt Service Fund Nonmajor governmental 76,001 General Fund Nonmajor governmental 7,459 TIRZ # 1 New Hope Nonmajor governmental 76,171 Total 1,006,384 $ The transfer s between the General Fund and Water and Wastewater Funds were for an administrative charge in the amount of $327,520 and a payment in lieu of tax for the use of right of way in the amount of $421,097 . These transfers were in accordance with budgetary authorizations. Capital Leases The City has acquired certain capital assets for governmental and business -type activities through the us e of lease purchase agreements. These lease agreements qualify as capital leases for accounting purposes and, therefor e, have been recorded at the present value of their future minimum lease payments as of the inception date. REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 58 The assets acquired through capital leases are as follows: Governmental Business-Type Activities Activities Total Assets: Machinery and Equipment 331,865 $ -$ 331,865 $ Buildings and Improvements 221,887 - 221,887 Infrastructure - 1,721,658 1,721,658 Less: Accumulated depreciation 144,033)( 502,166)( 646,199)( Total 409,719 $ 1,219,492 $ 1,629,211 $ The future minimum lease obligations an d the net present value of these minimum lease payments as of September 30, 2017 , were as follows: Year Ending Governmental Business-Type September 30,Activities Activities 2018 186,966 $ 154,172 $ 2019 187,467 152,813 2020 167,053 152,813 2021 68,780 152,813 2022 22,927 152,813 2023-2027 - 764,064 2028-2032 - 152,810 Total minimum lease payments 633,193 1,682,298 Less: amount representing interest 32,636 332,089 Present value of minimum lease payments 600,557 $ 1,350,209 $ Long -term Debt General Obligation Bond s The City issues general obligation bonds and certificates of obligation to provide funds for the acquisition and construction of major capital facilities. These bonds have been issued for both governmental and business -type activities. These bonds are r eported in the proprietary funds if they are expected to be repaid from proprietary fund revenue. The original amount of general obligation bonds and certificates of obligation issued in prior years was $27,845 ,000. REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 59 General obligation bonds and ce rtificates of obligation are direct obligations and pledge the full faith and credit of the government. These bonds generally are issued as 20 -year serial bonds with equal amounts of principal matur ing each year. B onds currently outstanding are as follows: Purpose Interest Rates Amount Governmental activities 3.65 - 4.65 5,125,000 $ Governmental activities - refunding 3.97 1,179,424 Governmental activities - refunding 1.79 3,625,000 Business-type activities 4.10 1,745,000 Business-type activities - refunding 3.97 730,575 12,404,999 $ Annual debt service requirements to maturity for bonds are as follows: Year Ending September 30,Principal Interest Principal Interest 2018 993,338 $ 436,159 $ 261,663 $ 95,261 $ 2019 917,600 273,507 272,400 84,468 2020 948,775 245,715 281,225 73,280 2021 963,038 216,521 296,963 61,595 2022 905,413 187,692 244,588 50,627 2023-2027 3,781,260 538,133 1,118,736 108,225 2028-2032 1,420,000 100,959 - - Total 9,929,424 $ 1,998,686 $ 2,475,575 $ 473,456 $ Governmental Activities Business-type Activities General obligation bonds are subject to the provisions of the Internal Revenue Code of 1986 related to arbitrage and interest income tax regulations under those provisions. The various bond obligations contain certain financial limitations and restricti ons. The ordinances authorizing the issuance of certificates of obligation bonds created an interest and sinking fund (general debt service fund). The ordinances require the City to ascertain a rate and amount of tax which will be sufficient to pay interes t as it comes due and provide a reserve fund which is adequate to meet principal as it matures. The City is in compliance with all such significant financial restrictions. In prior years, the City defeased certain bonds by placing the proceeds of new bon ds in an irrevocable trust to provide all future debt service payments on the old bonds. Accordingly, the trust accounts and the defeased bonds are not included in the City’s financial statements. As of September 30, 2017, the City does not have any bonds considered defeased. REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 60 Changes in Long -term Liabilities Long -term liability activity for t he year ended September 30, 2017 , was as follows: Beginning Ending Due Within Balance Additions Reductions Balance One Year Government activities General obligation bonds 5,081,587 $ -$ 277,163 $ 4,804,424 $ 278,338 $ Certificates of obligation 5,815,000 - 690,000 5,125,000 715,000 Premium on bonds 105,256 - 8,380 96,876 - Capital leases 424,473 331,865 155,781 600,557 173,249 Compensated absences 457,436 - 73,829 383,607 76,721 Net pension liability 2,074,773 413,843 467,018 2,021,598 - Governmental activity Long-term liabilities 13,958,525 $ 745,708 $ 1,672,171 $ 13,032,062 $ 1,243,308 $ Beginning Ending Due Within Balance Additions Reductions Balance One Year Business-type activities General obligation bonds 843,413 $ -$ 112,838 $ 730,575 $ 116,663 $ Certificates of obligation 1,885,000 - 140,000 1,745,000 145,000 Capital leases 1,445,848 - 95,639 1,350,209 100,742 Compensated absences 51,589 11,147 - 62,736 12,547 Net pension liability 303,735 60,911 68,430 296,216 - Business-type activity Long-term liabilities 4,529,585 $ 72,058 $ 416,907 $ 4,184,736 $ 374,952 $ The compensated absences and net pension liability attributable to the governmental activities will be liquidated primarily by the General Fund. Discretely Presented Long -Term Debt Long -term liability activity for the year ended September 30, 2017 , was as follows: Beginning Ending Due Within Balance Additions Reductions Balance One Year Revenue bonds 845,000 $ -$ 55,000 $ 790,000 $ 60,000 $ Texas leverage fund loan 464,880 - 39,863 425,017 39,176 Long-term liabilities 1,309,880 $ -$ 94,863 $ 1,215,017 $ 99,176 $ Tax Abatements The City enters into economic development agreements designed to promote development and redevelopment within the City, stimulate commercial activity, generate additional s ales tax and enhance the property tax base and economic vitality of the City. This program refund s property and sales tax as authorized under Chapter 380 of the Texas Local Government Code. REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 61 The City has entered into various agreements that r educe proper ty and sales taxes. Agreements for property and sales tax provide rebates of 100% for property taxes and 60% for sales tax ranging from 1 to 7 years. Each agreement requires the developer to expand its business within the City . For fiscal year 2017, the Ci ty rebated property taxes of $9,232 and sales taxes of $17,137 . Risk Management The City is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; injuries to employees; and natural disasters. The City’s risk management program encompasses obtaining property and liability insurance through Texas Municipal League (TML), an Intergovernmental Risk -Pool. The City has not had any significant reduction in insurance coverage and the amounts of insurance settlements have not exceeded insurance coverage fo r any of the last three years. The participation of the City in TML is limited to payment of premiums. During t he year ended September 30, 2017 , the City paid premiums to TML for provisions of various liability, property and casualty insurance. The City has various deductible amounts ranging from $500 to $5,000 on various pol icies. At year -end, the City did not have any signi ficant claims. The City also provides workers’ compensation insurance on its employees through TML. Workers’ compensation is subject to change when audited by TML. At year -end, September 3 0, 2017 , the City believed the amounts paid on workers’ compensation would not change significantly from the amounts recorded. Contingent Liabilities Amounts received or receivable from grant agencies are subject to audit and adjustment by grantor agencies, princ ipally the federal government. Any disallowed claims, including amounts already collected, may constitute a liab ility of the applicable funds. The amount, if any, of expenditures that may be disallowed by the grantor cannot be determined at this time, although the City expects such amounts, if any, to be immaterial. The City is periodically the defendant in lawsuits arising principally in the normal course of operations . In the opinion of management, the outcome of these lawsuits will not have a material adverse effect on the accompanying financial statements and, accordingly, no provision for losses has been recorded. EDC - Commitment The EDC has committed to pay the City debt service payments for the Certificates of Obligation, Series 2 010 when the payments become due. The following commitment by the EDC is anticipated to be funded with future EDC sales tax revenue. Year Ending September 30, 2018 168,359 $ 2019 165,607 2020 166,437 2021 166,919 2022 167,055 2023-2027 784,489 Totals 1,618,866 $ REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 62 Defined Benefi t Pension Policies Plan Description The City of Kennedale participates as one of 8 72 plans in the nontraditional, joint contributory, hybrid defined benefit pension plan administered by the Texas Municipal Retirement System (TMRS). TMRS is an agency created by the State of Texas and administered in accordance with the TMRS Act, Subtitle G , Title 8, Texas Government Code (the TMRS Act) as an agency multiple - employer retirement system for municipal employees in the State of Texas. The TMRS Act places the general administration and management of the System with a six -member Board of Trustees. Although the Governor, with the advice and consent of the Senate, appoints the Board, TMRS is not fiscally dependent on the State of Texas. TMRS’s defined benefit pension plan is a tax -qualified plan under Sections 401(a) of the Internal Revenue Code. TMR S issues a publicly available comprehensive annual financial report (CAFR) that can be obtained at www.tmrs.org . All eligible employees of the City are required to participate in TMRS. Benefits Provided TMRS provides retirement, disability, and death be nefits. Benefit provisions are adopted by the governing body of the City, within the options available in the state statutes governing TMRS. At retirement, the benefit is calculated as if the sum of the employee’s contributions, with interest, and the City -financed monetary credits with interest were used to purchase an annuity. Members may choose to receive their retirement benefit in over of seven payments options. Members may also choose to receive a portion of their benefit as a Partial Lump Sum Distrib ution in an amount equal to 12, 24, or 36 monthly payments, which cannot exceed 75% of the member’s deposits and interest. Beginning in 2006 , the City granted an annually repeating (automatic) basis a monetary credit referred to as an updated service credit (USC) which is a theoretical amount which takes into account salary increases or plan improvements. If at any time during their career an employee earns a USC, this amount remains in their account earning interest at 5% until retirement. At retireme nt, the benefit is calculated as if the sum of the employee's accumulated contributions with interest and the employer match plus employer -financed monetary credits, such as USC, with interest were used to purchase an annuity. Additionally, initiated in 20 06 , the City provided on an annually repeating (automatic) basis cost of living adjustments (COLA) for retirees equal to a percentage of the change in the consumer price index (CPI). A summary of plan provisions for the City are as follows: Employee deposit rate 7% Matching ratio (City to employee)2 to 1 Years required for vesting 5 Service retirement eligibility 20 years to any age, 5 years at age 60 and above Updated service credit 100% Repeating Annuity increase to retirees 70% of CPI Repeating REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 63 Employees covered by benefit terms At the December 31, 2016 valuation and measurement date, the following employees were covered by the benefit terms: Inactive employees or beneficiaries currently receiving benefits 32 Inactive employees entitled to but not yet receiving benefits 97 Active employees 72 201 Contributions The contribution rates fo r employees in TMRS are either 5%, 6%, or 7% of employee gross earnings, and the City matching percentages are with 100%, 150%, or 200%, both as adopted by the governing body of the city. Under the state law governing TMRS, the contributions rate for each city is determined annually by the actuary, using the Entry Age Normal (EAN) actuarial cost method. The actuarially determined rate is the estimated amount necessary to finance the cost of benefits earned by employees during the year, with an additional am ount to finance any unfunded accrued liability. Employees for the City were required to contribute 7% of their annual gross earnings during the fiscal year. The contrib ution rates for the City were 14.22 % and 1 4 .31 % in calendar years 2016 and 201 7 , respec tively. The City’s contributions to TMRS for the year ended September 30, 2017 , were $560,038 , and were equal to the required contributions. Net Pension Liability The City’s Net Pension Liability (NPL) was measured as of December 31, 2016 and the Total Pension Liability (TPL) used to calculate the Net Pension Liability was determined by an actuarial valuation as of that date. Actuarial assumptions The Total Pension Li ability in the December 31, 2016 actuarial valuation was determined using the following actuarial assumptions: Inflation 2.5% per year Overall payroll growth 3.0% per year Investment rate of return 6.75%, net of pension plan investment expense, including inflation REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 64 Salary increases were based on a service -related table. Mortality rates for active members, retirees, and beneficiaries were based on the gender -distinct RP2000 Combined Healthy Mortality Table s with Blue Coll ar Adjustment , with male rates multiplied by 109% and female rates multiplied by 103%. The rates are projected on a fully generational basis by scale BB to account for future mortality improvements. For disabled annuitants, the gender -distinct RP2000 Combi ned Healthy Mortality Tables with Blue Collar Adjustment are used with males rates multiplied by 109% and female rates multiplied by 103% with a 3 -year set -forward for both males and females. In addition, a 3% minimum mortality rate is applied to reflect t he impairment for younger members who become disabled. The rates are projected on a fully generational basis by scale BB to account for future mortality improvements subject to the 3% floor. Actuarial assumptio ns used in the December 31, 2016 valuation we re based on the results of actuarial experience studies. The experience study in TMRS was for the period December 31, 2010 through December 31, 201 4 . Healthy post -retirement mortality rates and annuity purchase rates were updated based on a Mortality Exper ience Investigation Study covering the 2009 through 2011, and the dated December 31, 2013. These assumptions were first used in the December 31, 2013 valuation, along with a change to the Entry Age Normal (EAN) actuarial cost method. Assumptions are review ed annually. Plan assets are managed on a total return basis with an emphasis on both capital appreciation as well as the production of income, in order to satisfy the short -term and long - term funding needs of TMRS. The long -term expected rate of return o n pension plan investments was determined using a building - block method in which best estimate ranges of expected future real rates of return (expected returns, net of pension plan investment expenses and inflation) are developed for each major asset class . These ranges are combined to produce the long -term expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and by adding expected inflation. In determining their best estimate of a recommend ed investment return assumption under the various alternative asset allocation portfolios, GRS focused on the area between (1) arithmetic mean (aggressive) without an adjustment for time (conservative) and (2) the geometric mean (conservative) with an adju stment for time (aggressive). The target allocation and best estimates of arithmetic real rates return for each major assets class in fiscal year 2017 are summarized in the following table: Target Long-Term Expected Real Asset Class Allocation Rate of Return (Arithmetic) Domestic Equity 17.5%4.55% International Equity 17.5%6.35% Core Fixed Income 10.0%1.00% Non-Core Fixed Income 20.0%4.15% Real Return 10.0%4.15% Real Estate 10.0%4.75% Absolute Return 10.0%4.00% Private Equity 5.0%7.75% Total 100.0% REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 65 Discount Rate The discount rate used to measure the Total Pension Liability was 6.75 %. The projection of cash flows used to determine the discount rate assumed that employee and employer contributions will be made at the rates specified in statue. Based on that assumption, the pension plan’s Fiduciary Net Position was projected to be available t o make all projected future benefit payments of current active and inactive employees. Therefore, the long -term expected rate of return on pension plan investments was applied to all period of projected benefit payments to determine the Total Pension Liabi lity. Changes in the Net Pension Liability Total Pension Plan Fiduciary Net Pension Liability Net Position (a)(b)(a) - (b) Balance at 12/31/2015 13,338,373 $ 10,959,865 $ 2,378,508 $ Changes for the year: Service cost 675,284 - 675,284 Interest 912,020 - 912,020 Difference between expected and actual experience 109,980)( - 109,980)( Changes of assumptions - - - Contributions - employer - 540,075 540,075)( Contributions - employee - 265,860 265,860)( Net investment income - 740,899 740,899)( Benefit payments, including refunds of employee contributions 329,210)( 329,210)( - Administrative expense - 8,365)( 8,365 Other changes - 451)( 451 Net changes 1,148,114 1,208,808 60,694)( Balance at 12/31/2016 14,486,487 $ 12,168,673 $ 2,317,814 $ Increase (Decrease) The following presents the net pension liability of the City, calculated using the discount rate of 6.75 %, as well as what the City’s net pension liability would be if it were calculated using a discount rate that is 1 -percentage -point lower (5.75 %) of 1 -percentage -higher (7.75 %) than the current rate: 1% Decrease in 1% Increase in Discount Discount Discount Rate (5.75%)Rate (6.75%)Rate (7.75%) City's net pension liability 4,978,656 $ 2,317,814 $ 224,646 $ Pension Plan Fiduciary Net Position Detailed information about the pension plan’s Fiduciary Net Position is available in a separately - issued TMRS financial report. The report may be obtained on the Internet at www.tmrs.com . REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 66 Pension Expense and Deferred Outflows of Resources and Deferred Inf lows of Resources Related to Pensions For the year ended September 30, 2017 , the City recognized pension expense of $680,878 . At September 30, 2017 , the City reported deferred outflows of resource s and deferred inflows of resources related to pensions from the following sources: Deferred Deferred Outflows Inflows of Resources of Resources Differences between expected and actual economic experience -$ 165,995 $ Changes in actuarial assumptions 48,198 - Difference between projected and actual investment earnings 479,614 - Contributions subsequent to the measurement date 431,100 - Total 958,912 $ 165,995 $ $431,100 reported as deferred outflows of resources related to pension resulting from contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability for the yea r ending September 30, 201 8 . Other amounts reported as deferred outflows and deferred inflows of resources related to pensions will be recognized in pension expenses as follows: Year Ending September 30, 2018 98,915 $ 2019 126,394 2020 136,730 2021 222)( Other Postemployment Benefits Supplemental Death Benefits Fund The City also participates in the cost sharing multiple -employer defined benefit group -term life insurance plan operated by the Texas Municipal Retirement System (TMRS) known as the Supplemental Death Benefits Fund (SDBF). The City elected, by ordinance, to provide group -term life insurance coverage to both current and retired employees . The City may terminate coverage under and discontinue participation in the SDBF by adopting an ordinance before November 1 of any year to be effective the following January 1. The death benefit for active employees provides a lump -sum payment approximately equal to the employee’s annual salary (calculated based on the employee’s actual earnings, for the 12 -month period preceding the month o f death); retired employees are insured for $7,500; this coverage is an “other postemployment benefit,” or OPEB. REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 67 The City contributes to the SDBF at a contractually required rate as determined by an annual actuarial valuation. The rate is equal to the cost of providing one -year term life insurance. The funding policy for the SDBF program is to assure that adequate resources are available to meet all death benefit payments for the upcoming year; the intent is not to pre -fund retiree term life insurance during employees’ entire careers. Contributions The City’s contributions to the TMRS SDBF for the years ended 2017 , 201 6 and 201 5 were $6,2 71 , $6,292 and $5,524 , respectively, which equaled the required contributions each year. REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 68 REQUIRED SUPPLEMENTARY INFORMATION REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 69 Variance with Final Budget Positive Original Final Actual (Negative) REVENUES Taxes: Property 3,570,946 $ 3,570,946 $ 3,519,507 $ 51,439)$( Sales 1,163,954 1,163,954 1,208,557 44,603 Franchise fees 497,000 497,000 537,454 40,454 Licenses and permits 171,105 171,105 361,031 189,926 Fines and forfeitures 189,572 189,572 195,172 5,600 Public safety fees 237,260 237,260 264,317 27,057 Intergovernmental 406,540 406,540 182,796 223,744)( Charges for service 67,241 67,241 76,682 9,441 Investment earnings 2,554 2,554 11,039 8,485 Other 95,646 95,646 103,494 7,848 Total revenues 6,401,818 6,401,818 6,460,049 58,231 EXPENDITURES Current: General government 1,275,641 1,275,641 1,321,110 45,469)( Public safety 4,692,160 4,692,160 4,269,810 422,350 Public works 748,161 748,161 722,228 25,933 Culture and recreation 314,204 314,204 313,774 430 Capital outlay 989,927 989,927 883,111 106,816 Debt service: Principal - - 44,249 44,249)( Interest and other - - 4,700 4,700)( Total expenditures 8,020,093 8,020,093 7,558,982 461,111 EXCESS OF REVENUES OVER (UNDER) EXPENDITURES 1,618,275)( 1,618,275)( 1,098,933)( 519,342 OTHER FINANCING SOURCES (USES) Issuance of long-term debt 408,000 - 331,865 331,865 Transfers in 775,601 775,601 756,076 19,525)( Transfers out 109,186)( 109,186)( 98,136)( 11,050 Total other financing sources (uses)1,074,415 666,415 989,805 323,390 NET CHANGE IN FUND BALANCE 543,860)( 951,860)( 109,128)( 842,732 FUND BALANCE, BEGINNING 2,580,297 2,580,297 2,580,297 - FUND BALANCE, ENDING 2,036,437 $ 1,628,437 $ 2,471,169 $ 842,732 $ Budgeted Amounts CITY OF KENNEDALE, TEXAS GENERAL FUND SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES FOR THE YEAR ENDED SEPTEMBER 30, 2017 IN FUND BALANCE - BUDGET AND ACTUAL 47 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 70 CITY OF KENNEDALE, TEXAS NOTES TO BUDGETARY SCHEDULE SEPTEMBER 30, 2017 BUDGETARY INFORMATION - The City follows these procedures annually in establishing the budgetary data reflected in the budgetary comparison schedules: 1. Prior to the beginning of each fiscal year, the City Manager submits to the City Council a proposed bud get for the fiscal year beginning on the f ollowing October 1. The operating budget includes proposed expenditures and the means of financing them. 2. Public hearings are conducted at which all interested persons’ comments concerning the budget are heard. 3. The budget is legally enacted by the City Council through passage of an ordinance prior to the beginning of the fiscal year. 4. The City Manager has the authority to transfer appropriation balances from one expenditure account to another such as from salarie s to maintenance within a single fund as well as transfer appropriations between departments . The City Council, however, must approve any transfer of unencumbered appropriation balances or portions thereof from one fund to another as well as any increases in fund appropriations. At the end of the fiscal year, all appropriations lapse. 5. Annual budgets are only adopted for the General and Debt Service Funds. These budgets are adopted on a basis consistent with generally accepted accounting principles (“GAAP”). 6. The budgetary data presented has been amended from the origi nal budget by the City Council. All significant supplemental appropriations were offset either by increased revenue or decreased expenditures in other accounts . Expenditures did not exceed appropriations in the General Fund or the Debt Service Fund. REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 71 Plan Year 2014 2015 2016 A. Total pension liability Service Cost 589,507 $ 648,581 $ 675,284 $ Interest (on the Total Pension Liability)794,485 865,430 912,020 Difference between expected and actual experience 102,280)( 168,052)( 109,980)( Changes of assumptions - 113,774 - Benefit payments, including refunds of employee contributions 274,797)( 320,705)( 329,210)( Net change in total pension liability 1,006,915 1,139,028 1,148,114 Total pension liability - beginning 11,192,430 12,199,345 13,338,373 Total pension liability - ending (a)12,199,345 13,338,373 14,486,487 B. Plan fiduciary net position Contributions - employer 397,779 525,561 540,075 Contributions - employee 239,832 254,774 265,860 Net investment income 548,705 15,487 740,899 Benefit payments, including refunds of employee contributions 274,797)( 320,705)( 329,210)( Administrative expenses 5,727)( 9,432)( 8,365)( Other 471)( 466)( 451)( Net change in plan fiduciary net position 905,321 465,219 1,208,808 Plan fiduciary net position - beginning 9,589,325 10,494,646 10,959,865 Plan fiduciary net position - ending (b)10,494,646 10,959,865 12,168,673 C. Net pension liability - ending (a) - (b)1,704,699 $ 2,378,508 $ 2,317,814 $ D. Plan fiduciary net position as a percentage of total pension liability 86.03%82.17%84.00% E. Covered employee payroll 3,426,174 $ 3,639,622 $ 3,797,997 $ F. Net position liability as a percentage of covered employee payroll 49.76%65.35%61.03% Note: 10 years of information is required to be provided in this schedule, but information prior to 2014 is not available. FOR THE YEAR ENDED SEPTEMBER 30, 2017 CITY OF KENNEDALE, TEXAS SCHEDULE OF CHANGES IN NET PENSION LIABILITY AND RELATED RATIOS 49 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 72 Fiscal Year 2014 2015 2016 2017 Actuarial determined contribution 391,136 $ 483,133 $ 555,231 $ 560,038 $ 391,136 483,133 555,231 560,038 Contribution deficiency (excess)- - - - Covered employee payroll 3,396,046 3,575,054 3,932,717 3,919,319 11.52%13.51%14.12%14.29% Valuation Date Methods and Assumptions Used to Determine Contribution Rates: Actuarial Cost Method Entry Age Normal Amortization Method Level Percentage of Payroll, Closed Remaining Amortization 27 years Period Asset Valuation Method 10 Year smoothed market; 15% soft corridor Inflation 2.50% Salary Increases 3.50% to 10.5% including inflation Investment Rate of Return 6.75% Retirement Age Mortality Other Information Note: 10 years of information is required to be provided in this schedule, but information prior to 2014 is not available. CITY OF KENNEDALE, TEXAS SCHEDULE OF CONTRIBUTIONS FOR THE YEAR ENDED SEPTEMBER 30, 2017 Removed statutory max. Actuarially determined contribution rates are calculated as of December 31 and become effective in January, 13 months later. Experience-based table of rates that are specific to the City's plan of benefits. Last updated for the 2015 valuation pursuant to an experience study of the period 2010-2014. RP2000 Combined Mortality Table with Blue Collar Adjustment with male rates multiplied by 109% and female rates multiplied by 103% and projected on a fully generational basis of with BB. Contributions in relation to the actuarially determined contribution Contributions as a percentage of covered employee payroll NOTES TO SCHEDULE OF CONTRIBUTIONS 50 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 73 COMBINING FUND STATEMENTS AND SCHEDULES REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 74 NONMAJOR GOVERNMENTAL FUNDS Special Revenue Funds are used to account for specific revenue that is legally restricted to expenditures for particular purposes. LEOSE – to account for grant revenue that is legally restricted to expenditures for LEOSE program. The Capital Projects Fund is used to account for financial resources to be used for the acquisition or construction of general major capital facilities. Financi ng is provided primarily by the sale of general obligation bonds and developer contributions. Park Dedication – to account for the acquisition, improvement and maintenance of park areas funded by neighborhood park land dedication fees. Capital Projects – to account for various constructions within the city from funds contributed by third parties. Roadway Impact Fee – to account for the assessments to developers on projects identified in the roadway impact fee study that was adopted by the City Council on May 9, 2002. Library Building – to account for the construction of a new library from funds contributed by third parties. Capital Bond – to account for the acquisition and construction of various capital improvements and is funded by general obligation bonds. REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 75 Special Revenue Fund Park Capital LEOSE Dedication Projects ASSETS Cash and investments 155 $ 234,946 $ 29,866 $ Receivables (net of allowance for uncollectibles): Other - - 13,299 Advance to other funds - - - Total assets 155 234,946 43,165 LIABILITIES Accounts payable - - - Due to other funds - - - Total liabilities - - - FUND BALANCES Nonspendable - advance - - - Restricted for capital projects - 234,946 43,165 Total fund balances 155 234,946 43,165 Total liabilities and fund balances 155 $ 234,946 $ 43,165 $ Capital Projects Funds SEPTEMBER 30, 2017 NONMAJOR GOVERNMENTAL FUNDS COMBINING BALANCE SHEET CITY OF KENNEDALE, TEXAS 51 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 76 Total Roadway Nonmajor Impact Library Capital Governmental Fee Building Bond Funds 138,357 $ 9,165 $ -$ 412,489 $ - - 156,636 169,935 297,060 - - 297,060 435,417 9,165 156,636 879,484 - 201 - 201 - - 156,636 156,636 - 201 156,636 156,837 297,060 - - 297,060 138,357 8,964 - 425,432 435,417 8,964 - 722,647 435,417 $ 9,165 $ 156,636 $ 879,484 $ Capital Projects Funds 52 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 77 Special Revenue Fund Park Capital LEOSE Dedication Projects REVENUES Intergovernmental 1,800 $ -$ -$ Fines and forfeitures - - - Licenses and permits - 38,400 - Investment earnings 5 888 322 Contributions - - - Other - 450 80,586 Total revenues 1,805 39,738 80,908 EXPENDITURES Current: Public safety 1,650 - - Culture recreation - 72 - Total expenditures 1,650 72 - EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES 155 39,666 80,908 OTHER FINANCING SOURCES(USES) Transfers out - - 76,001)( Total other financing sources(uses)- - 76,001)( NET CHANGE IN FUND BALANCES 155 39,666 4,907 FUND BALANCES, BEGINNING - 195,280 38,258 FUND BALANCES, ENDING 155 $ 234,946 $ 43,165 $ CITY OF KENNEDALE, TEXAS Capital Projects Funds FOR THE YEAR ENDED SEPTEMBER 30, 2017 AND CHANGES IN FUND BALANCES COMBINING STATEMENT OF REVENUES, EXPENDITURES 53 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 78 Total Roadway Nonmajor Impact Library Governmental Fee Building Funds -$ -$ 1,800 $ - 1,392 1,392 66,486 - 104,886 506 43 1,764 - 4,399 4,399 - - 81,036 66,992 5,834 195,277 - - 1,650 - 8,507 8,579 - 8,507 10,229 66,992 2,673)( 185,048 83,630)( - 159,631)( 83,630)( - 159,631)( 16,638)( 2,673)( 25,417 452,055 11,637 697,230 435,417 $ 8,964 $ 722,647 $ Capital Projects Funds 54 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 79 Variance Positive Original Final Actual (Negative) REVENUES Taxes - property 1,139,330 $ 1,139,330 $ 1,123,731 $ 15,599)$( Intergovernmental 154,819 154,819 154,819 - Investment earnings 162 162 469 307 Total revenues 1,294,311 1,294,311 1,279,019 15,292)( EXPENDITURES Debt service: Principal 930,616 930,616 1,078,695 148,079)( Interest and fiscal charges 435,012 435,012 344,341 90,671 Total debt service 1,365,628 1,365,628 1,423,036 57,408)( Total expenditures 1,365,628 1,365,628 1,423,036 57,408)( EXCESS OF REVENUES OVER EXPENDITURES 71,317)( 71,317)( 144,017)( 72,700)( OTHER FINANCING SOURCES (USES) Transfers in 76,001 76,001 174,137 98,136 Total other financing sources (uses)76,001 76,001 174,137 98,136 NET CHANGE IN FUND BALANCE 4,684 4,684 30,120 25,436 FUND BALANCE, BEGINNING 11,861 11,861 11,861 - FUND BALANCE, ENDING 16,545 $ 16,545 $ 41,981 $ 25,436 $ Budgeted Amounts FOR THE YEAR ENDED SEPTEMBER 30, 2017 CITY OF KENNEDALE, TEXAS DEBT SERVICE FUND SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL 55 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 80 STATISTICAL SECTION (Unaudited) This part of the City of Kennedale ’s comprehensive annual financial report presents detailed information as a context for understanding what the information in the financial statements, note disclosures, and required supplementary information says about the government’s overall financial health. Contents Tables Financial Trends 1 – 4 T hese schedules contain trend information to help the reader understand how the City ’s financial performance and well -being have changed over time. Revenue Capacity 5 – 8 These schedules contain information to help the reader assess the government’s most significant local revenue source, the property tax. Debt Capacity 9 – 1 3 These schedules present information to help the reader assess the affordability of the government’s current level of outstanding debt and the government’s ability to issue additional debt in the future. Economi c and Demographic Indicators 1 4 – 1 5 These schedules offer demographic and economic indicators to help the reader understand the environment within which the government’s financial activities take place. Operating Information 1 6 – 18 These schedules contain service and infrastruct ure data to help the reader understand h ow the information in the government ’s financial report relates to the services the government provides and the activities it performs . Sources: Unless otherwise noted, the information in these schedules is derive d from the comprehensive annual financial reports for the relevant year. REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 81 2008 2009 2010 2011 2012 Governmental activities: Net investment in capital assets 12,612,099 $ 12,781,452 $ 11,814,703 $ 16,014,362 $ 20,730,909 $ Restricted 48,766 12,623 38,754 1,936,156 288,215 Unrestricted 3,766,881 3,842,214 4,168,387 1,023,286 782,589 Total governmental activities net position 16,427,746 $ 16,636,289 $ 16,021,844 $ 18,973,804 $ 21,801,713 $ Business-type activities: Net investment in capital assets 7,664,665 $ 8,245,479 $ 9,643,354 $ 10,134,416 $ 10,304,477 $ Restricted - - - - - Unrestricted 3,885,235 3,396,673 1,858,510 1,668,685 1,524,225 Total business-type activities net position 11,549,900 $ 11,642,152 $ 11,501,864 $ 11,803,101 $ 11,828,702 $ Primary government: Net investment in capital assets 20,276,764 $ 21,026,931 $ 21,458,057 $ 26,148,778 $ 31,035,386 $ Restricted 48,766 12,623 38,754 1,936,156 288,215 Unrestricted 7,652,116 7,238,887 6,026,897 2,691,971 2,306,814 Total primary government net position 27,977,646 $ 28,278,441 $ 27,523,708 $ 30,776,905 $ 33,630,415 $ Fiscal Year LAST TEN FISCAL YEARS NET POSITION BY COMPONENT CITY OF KENNEDALE, TEXAS 56 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 82 TABLE 1 2013 2014 2015 2016 2017 Governmental activities: Net investment in capital assets 21,100,450 $ 20,904,287 $ 21,429,758 $ 24,048,321 $ 24,362,252 $ Restricted 227,181 380,622 409,454 400,170 481,742 Unrestricted 615,406 933,606 215,475 689,620 457,818 Total governmental activities net position 21,943,037 $ 22,218,515 $ 22,054,687 $ 25,138,111 $ 25,301,812 $ Business-type activities: Net investment in capital assets 10,217,885 $ 10,443,338 $ 11,184,859 $ 13,054,176 $ 13,238,962 $ Restricted - - - - 204,223 Unrestricted 1,348,391 1,450,811 17,432 655,058 1,644,150 Total business-type activities net position 11,566,276 $ 11,894,149 $ 11,202,291 $ 13,709,234 $ 15,087,335 $ Primary government: Net investment in capital assets 31,318,335 $ 31,347,625 $ 32,614,617 $ 37,102,497 $ 37,601,214 $ Restricted 227,181 380,622 409,454 400,170 685,965 Unrestricted 1,963,797 2,384,417 232,907 1,344,678 2,101,968 Total primary government net position 33,509,313 $ 34,112,664 $ 33,256,978 $ 38,847,345 $ 40,389,147 $ Fiscal Year 57 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 83 2008 2009 2010 2011 2012 EXPENSES Governmental activities: General government 1,614,745 $ 1,281,430 $ 1,687,785 $ 1,346,455 $ 1,400,946 $ Public Safety 3,843,086 3,915,078 4,135,114 4,149,812 4,334,370 Public works 1,162,378 1,279,797 956,657 1,386,156 1,209,842 Culture and recreation 273,145 324,858 346,896 335,884 344,900 Economic development - - 2,006,635 - - Interest on long-term debt 297,360 438,799 490,601 536,449 578,936 Total governmental activities expenses 7,190,714 7,239,962 9,623,688 7,754,756 7,868,994 Business-type activities: Water and wastewater 2,542,766 2,722,295 3,002,002 3,334,413 3,240,582 Total business-type activities expenses 2,542,766 2,722,295 3,002,002 3,334,413 3,240,582 Total primary government program expenses 9,733,480 $ 9,962,257 $ 12,625,690 $ 11,089,169 $ 11,109,576 $ PROGRAM REVENUES Governmental activities: Charges for services: General government 578,314 $ 476,934 $ 487,416 $ 514,732 $ 668,345 $ Public safety 607,201 485,605 435,195 460,983 459,955 Public works 37,377 26,018 25,174 44,910 58,007 Culture and recreation 2,424 2,180 1,674 2,023 1,554 Operating grants and contributions 143,139 74,554 67,924 64,217 83,005 Capital grants and contributions 402,146 1,215 1,424,036 2,793,402 2,872,517 Total governmental activities program revenues 1,770,601 1,066,506 2,441,419 3,880,267 4,143,383 Business-type activities: Charges for services: Water/Wastewater 2,585,218 2,833,378 2,856,494 3,633,725 3,264,892 Capital grants and contributions - - - - - Total business-type activities program revenues 2,585,218 2,833,378 2,856,494 3,633,725 3,264,892 Total primary government program revenues 4,355,819 $ 3,899,884 $ 5,297,913 $ 7,513,992 $ 7,408,275 $ NET (EXPENSE) REVENUES Governmental activities 5,420,113)$( 6,173,456)$( 7,182,269)$( 3,874,489)$( 3,725,611)$( Business-type activities 42,452 111,083 145,508)( 299,312 24,310 Total primary government net expense 5,377,661)( 6,062,373)( 7,327,777)( 3,575,177)( 3,701,301)( Fiscal Year LAST TEN FISCAL YEARS CHANGES IN NET POSITION CITY OF KENNEDALE, TEXAS 58 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 84 TABLE 2 2013 2014 2015 2016 2017 EXPENSES Governmental activities: General government 1,338,046 $ 1,242,021 $ 1,348,921 $ 1,340,991 $ 1,460,659 $ Public Safety 4,216,559 4,274,108 4,521,511 4,658,016 4,494,080 Public works 1,338,143 1,476,670 1,638,428 1,838,124 1,743,770 Culture and recreation 358,251 358,226 339,328 370,519 397,477 Economic development - - - - - Interest on long-term debt 558,639 510,355 478,440 521,675 348,741 Total governmental activities expenses 7,809,638 7,861,380 8,326,628 8,729,325 8,444,727 Business-type activities: Water and wastewater 3,401,162 3,640,588 4,112,610 3,506,506 3,271,916 Total business-type activities expenses 3,401,162 3,640,588 4,112,610 3,506,506 3,271,916 Total primary government program expenses 11,210,800 $ 11,501,968 $ 12,439,238 $ 12,235,831 $ 11,716,643 $ PROGRAM REVENUES Governmental activities: Charges for services: General government 554,664 $ 975,684 $ 720,308 $ 540,893 $ 457,595 $ Public safety 556,655 567,835 500,044 515,906 353,139 Public works 52,299 115,110 84,250 150,936 92,502 Culture and recreation 34,591 1,470 1,187 164,817 49,410 Operating grants and contributions 135,520 47,119 139,677 126,520 145,560 Capital grants and contributions 453,020 115,058 490,975 2,595,371 154,819 Total governmental activities program revenues 1,786,749 1,822,276 1,936,441 4,094,443 1,253,025 Business-type activities: Charges for services: Water/Wastewater 3,138,201 3,775,546 3,683,542 4,782,055 5,086,486 Capital grants and contributions - - - 1,479,937 374,296 Total business-type activities program revenues 3,138,201 3,775,546 3,683,542 6,261,992 5,460,782 Total primary government program revenues 4,924,950 $ 5,597,822 $ 5,619,983 $ 10,356,435 $ 6,713,807 $ NET (EXPENSE) REVENUES Governmental activities 6,022,889)$( 6,039,104)$( 6,390,187)$( 4,634,882)$( 7,191,702)$( Business-type activities 262,961)( 134,958 429,068)( 2,755,486 2,188,866 Total primary government net expense 6,285,850)( 5,904,146)( 6,819,255)( 1,879,396)( 5,002,836)( Fiscal Year 59 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 85 2008 2009 2010 2011 2012 GENERAL REVENUES AND OTHER CHANGES IN NET POSITION Governmental activities: Taxes Property 3,194,210 3,555,215 3,945,627 3,811,589 4,010,855 Franchise 704,743 799,291 755,273 808,918 856,096 Sales 993,288 1,065,875 1,488,953 1,222,642 1,298,044 Investment earnings 190,424 86,660 14,263 6,401 2,885 Miscellaneous 401,026 815,390 363,708 976,899 385,640 Transfers 20,000 55,772 - - - Total governmental activities 5,503,691 6,378,203 6,567,824 6,826,449 6,553,520 Business-type activities: Investment earnings 135,778 30,642 5,220 1,925 1,291 Transfers 20,000)( 55,772)( - - - Total business-type activities 115,778 25,130)( 5,220 1,925 1,291 Total primary government 5,619,469 6,353,073 6,573,044 6,828,374 6,554,811 CHANGE IN NET POSITION Governmental activities 83,578 204,747 614,445)( 2,951,960 2,827,909 Business-type activities 158,230 85,953 140,288)( 301,237 25,601 Total primary government 241,808 $ 290,700 $ 754,733)$( 3,253,197 $ 2,853,510 $ LAST TEN FISCAL YEARS CHANGES IN NET POSITION CITY OF KENNEDALE, TEXAS Fiscal Year 60 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 86 TABLE 2 2013 2014 2015 2016 2017 GENERAL REVENUES AND OTHER CHANGES IN NET POSITION Governmental activities: Taxes Property 3,951,116 4,143,977 4,274,752 4,521,765 4,703,870 Franchise 817,733 871,351 910,886 545,140 537,454 Sales 1,008,875 1,093,946 1,491,342 1,253,391 1,208,557 Investment earnings 724 389 887 3,986 13,272 Miscellaneous 426,068 509,287 690,772 308,179 143,633 Transfers - - 49,178 953,377 748,617 Total governmental activities 6,204,516 6,618,950 7,417,817 7,585,838 7,355,403 Business-type activities: Investment earnings 535 218 281 521 3,919 Transfers - - 49,178)( 953,377)( 748,617)( Total business-type activities 535 218 48,897)( 952,856)( 744,698)( Total primary government 6,205,051 6,619,168 7,368,920 6,632,982 6,610,705 CHANGE IN NET POSITION Governmental activities 181,627 579,846 1,027,630 2,950,956 163,701 Business-type activities 262,426)( 135,176 477,965)( 1,802,630 1,444,168 Total primary government 80,799)$( 715,022 $ 549,665 $ 4,753,586 $ 1,607,869 $ Fiscal Year 61 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 87 TABLE 3 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 General fund Unreserved 1,433,468 $ 1,572,628 $ 1,508,586 $ -$ -$ -$ -$ -$ -$ -$ Nonspendable - - - 31,348 5,751 46,486 40,633 15,786 240,850 206,755 Assignment - - - - - - - - 367,218 - Unassigned - - - 1,332,648 1,108,068 937,508 1,193,553 1,716,655 1,972,229 2,264,414 Total general fund 1,433,468 $ 1,572,628 $ 1,508,586 $ 1,363,996 $ 1,113,819 $ 983,994 $ 1,234,186 $ 1,732,441 $ 2,580,297 $ 2,471,169 $ All other governmental funds Reserved 48,766 $ 12,623 $ 38,754 $ -$ -$ -$ -$ -$ -$ -$ Unreserved, reported in: Special revenue funds 11,525 5,409 6,995 - - - - - - - Capital projects funds 9,233,185 7,171,604 2,863,606 - - - - - - - Nonspendable - - - 800 800 - - - - - Restricted for: Debt service funds - - - 50,965 90,920 23,829 2,849 10,375 11,861 - Public safety - - - 10,948 10,056 3 10,164 5,286 - 155 Economic development - - - - - - 1,112 - - - Capital projects funds - - - 1,874,243 187,239 185,514 341,663 373,456 400,170 425,432 Total all other governmental funds 9,293,476 $ 7,189,636 $ 2,909,355 $ 1,936,956 $ 289,015 $ 209,346 $ 355,788 $ 389,117 $ 412,031 $ 425,587 $ Source: The City implemented GASB Statement No. 54 in fiscal year 2011. Fiscal Year CITY OF KENNEDALE, TEXAS FUND BALANCES GOVERNMENTAL FUNDS LAST TEN FISCAL YEARS 62 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 88 TABLE 4 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 REVENUES Taxes 4,937,787 $ 5,559,101 $ 6,175,282 $ 5,862,988 $ 6,136,869 $ 5,799,322 $ 6,086,574 $ 6,696,668 $ 6,330,577 $ 6,399,207 $ Licenses, fees and permits 328,638 183,454 191,016 209,047 311,921 261,451 477,447 346,011 727,163 465,917 Fines and penalties 348,630 276,347 234,065 259,073 246,438 298,964 274,413 228,482 232,660 196,564 Public safety fees 257,942 209,253 200,904 201,483 210,676 257,998 243,002 247,907 237,104 264,317 Charges for services 292,252 321,683 323,474 353,045 418,826 379,796 614,145 459,651 73,840 76,682 Intergovernmental 43,139 74,554 1,487,099 2,278,514 2,955,522 588,540 48,231 630,669 787,432 339,415 Investment earnings 190,424 86,660 14,263 6,401 2,885 724 389 887 3,986 13,272 Contributions - 1,215 4,861 579,105 - - 2,314 2,153 1,527 4,399 Other revenues 901,026 815,390 363,708 976,899 385,640 426,068 620,919 713,443 306,652 184,530 Total revenues 7,299,838 7,527,657 8,994,672 10,726,555 10,668,777 8,012,863 8,367,434 9,325,871 8,700,941 7,944,303 EXPENDITURES General government 1,594,288 1,347,642 1,777,568 1,263,666 1,276,738 1,238,641 1,126,632 1,228,989 1,247,881 1,321,110 Public Safety 3,878,725 3,899,043 3,952,316 3,992,135 4,149,870 3,964,561 4,052,316 4,247,507 4,346,827 4,271,460 Public works 685,053 874,612 613,759 974,083 840,656 684,840 1,051,794 850,933 681,748 728,228 Culture and recreation 204,956 227,835 241,508 260,193 257,103 270,204 272,102 272,964 301,411 322,353 Economic development - - 2,006,635 - - - - - - - Capital outlay 623,084 2,311,107 5,958,166 7,527,192 4,826,076 664,329 100,478 896,467 1,339,271 972,098 Debt service Principal 450,944 453,480 488,495 660,969 751,913 806,600 841,178 844,371 895,346 1,122,944 Interest and fiscal charges 248,077 434,390 452,946 494,039 589,539 552,879 526,300 493,943 536,710 349,041 Bond issuance costs 156,195 - 87,409 114,480 - - - - - - Total expenditures 7,841,322 9,548,109 15,578,802 15,286,757 12,691,895 8,182,054 7,970,800 8,835,174 9,349,194 9,087,234 CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS LAST TEN FISCAL YEARS CITY OF KENNEDALE, TEXAS Fiscal Year 63 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 89 TABLE 4 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 EXCESS OF REVENUES OVER (UNDER) EXPENDITURES 541,484)$( 2,020,452)$( 6,584,130)$( 4,560,202)$( 2,023,118)$( 169,191)$( 396,634 $ 490,697 $ 648,253)$( 1,142,931)$( OTHER FINANCING SOURCES (USES) Debt issuance 7,235,000 - 2,000,000 3,260,000 - - - - - - Issuance of capital lease - - 154,388 119,597 125,000 - - - 4,087,218 331,865 Cost to issue debt 62,571 - - - - - - - - - Premium on debt issuance - - 85,419 63,616 - - - - - - Refunding bonds/lease issued - - - - - - - - 3,646,951)( - Transfers in 599,646 397,667 158,850 949,476 92,038 295,373 161,832 258,231 1,036,598 1,006,384 Transfers out 579,646)( 341,895)( 158,850)( 949,476)( 92,038)( 295,373)( 161,832)( 209,053)( 83,221)( 257,767)( Total other financing sources (uses)7,317,571 55,772 2,239,807 3,443,213 125,000 - - 49,178 1,393,644 1,080,482 NET CHANGE IN FUND BALANCES 6,776,087 $ 1,964,680)$( 4,344,323)$( 1,116,989)$( 1,898,118)$( 169,191)$( 396,634 $ 539,875 $ 745,391 $ 62,449)$( DEBT SERVICE AS A PERCENTAGE OF NONCAPITAL EXPENDITURES 12.1% 12.9% 10.1% 15.3% 17.7% 18.1% 18.3% 16.9% 22.9% 17.9% Fiscal Year CITY OF KENNEDALE, TEXAS CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS LAST TEN FISCAL YEARS 64 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 90 TABLE 5 Estimated Less:Total Taxable Total Actual Fiscal Residential Commercial Industrial Tax-Exempt Assessed Direct Taxable Year Property Property Property Property Value Tax Rate Value 2008 312,684,160 134,767,896 63,410,764 67,863,127 442,999,693 0.722500 435,040,102 2009 350,723,577 149,299,553 63,260,388 65,266,179 498,017,339 0.722500 465,458,096 2010 393,021,180 155,428,659 73,950,746 80,779,880 541,620,705 0.722500 510,872,435 2011 381,137,736 151,493,926 52,806,301 63,490,789 521,947,174 0.722500 515,013,256 2012 367,644,619 130,187,379 54,138,047 63,654,327 488,315,718 0.722500 546,171,493 2013 363,808,684 121,802,411 60,407,246 70,604,766 475,413,575 0.722500 539,484,058 2014 369,809,150 122,562,814 62,617,391 74,529,874 480,459,481 0.747500 531,917,562 2015 418,964,219 135,862,868 43,604,299 69,044,161 529,387,225 0.747500 566,137,723 2016 423,074,019 133,607,106 42,937,171 50,198,154 549,420,142 0.767500 596,488,106 2017 434,127,908 137,328,197 21,506,171 25,203,051 567,759,225 0.767500 606,133,689 Source: Tarrant Appraisal District Totals Report (September). CITY OF KENNEDALE, TEXAS ASSESSED VALUE AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY LAST TEN FISCAL YEARS 65 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 91 TABLE 6 General Tarrant Tarrant Obligation Total Kennedale County County Fiscal City Debt Property Direct School Tarrant College Hospital Year Rate Service Tax Relief Rate District County District District 2008 0.572665 0.149835 - 0.722500 1.358610 0.266500 0.139380 0.230397 2009 0.569197 0.153303 - 0.722500 1.488610 0.264000 0.137960 0.227897 2010 0.572729 0.149771 - 0.722500 1.488610 0.264000 0.137670 0.227897 2011 0.571103 0.151397 - 0.722500 1.544821 0.264000 0.137640 0.227897 2012 0.516013 0.206487 - 0.722500 1.512068 0.264000 0.148970 0.227897 2013 0.549582 0.172918 - 0.722500 1.512068 0.264000 0.148970 0.227897 2014 0.560454 0.187046 - 0.747500 1.492068 0.264000 0.149500 0.227897 2015 0.551216 0.196284 - 0.747500 1.514717 0.264000 0.149500 0.227897 2016 0.575204 0.192296 - 0.767500 1.486724 0.264000 0.149500 0.227897 2017 0.581711 0.185789 - 0.767500 1.486724 0.254000 0.144730 0.227897 Source: Tarrant Appraisal District (2016Tax Rates). Note: Overlapping rates are those of local and county governments that apply to property owners within the City of Kennedale, Texas. CITY OF KENNEDALE, TEXAS DIRECT AND OVERLAPPING PROPERTY TAX RATES LAST TEN FISCAL YEARS City Direct Rates Overlapping Rates 66 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 92 TABLE 7 Percentage Percentage of Total City of Total City Taxable Taxable Taxable Taxable Assessed Assessed Assessed Assessed Taxpayer Value Value Value Value Hawk Steel Industrial Inc 8,910,652 1.47% 6,343,626 1.46% SCC 287 LLC 8,281,323 1.37% -% Oncor Electric Delivery Co LLC 8,096,772 1.34% -% Goss International Americas Inc 6,942,433 1.15% 8,198,051 1.88% FWT Inc 6,110,168 1.01% 7,050,884 1.62% Harrison Jet Guns II LP 5,384,938 0.89% 5,434,025 1.25% Tealcove Drive LLC 5,220,230 0.86% -% First Texas Homes 4,088,956 0.67% -% Hexpol Compounding LLC 4,084,986 0.67% -% DFW Midstream Services LLC 3,821,530 0.63% -% TXU Electric - -% 6,812,035 1.57% Southwestern Bell - -% 6,634,630 1.53% Excel Polymers LLC - -% 6,535,842 1.50% Rebar Services & Supply Co.- -% 3,716,001 0.85% Bloxom, DE Sr. Fnd Rp Hold LLC - -% 3,121,309 0.72% Eagle Pipelines Construction Co - -% 3,087,760 0.71% Total 60,941,988 $ 10.05% 56,934,163 $ 13.09% Total City Taxable Assessed Value 606,133,689 $ 435,040,102 $ Source: Tarrant Appraisal District (October 1, 2016 Top Taxpayers & October 1, 2007 Top Taxpayers). 2017 2008 CITY OF KENNEDALE, TEXAS PRINCIPAL PROPERTY TAXPAYERS CURRENT YEAR AND NINE YEARS AGO 67 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 93 TABLE 8 Taxes Levied Collections Fiscal for the Percentage in Subsequent Percentage Year Ended Fiscal Year Amount of Levy Years Amount of Levy 2008 3,170,554 3,103,077 97.87% 67,450 3,170,527 100% 2009 3,645,994 3,362,931 92.24% 213,578 3,576,509 98% 2010 3,885,545 3,809,167 98.03% 78,849 3,888,016 100% 2011 3,749,561 3,695,515 98.56% 64,478 3,759,993 100% 2012 3,964,881 3,890,850 98.13% 52,738 3,943,588 99% 2013 3,937,340 3,880,817 98.56% 55,843 3,936,661 100% 2014 4,083,024 4,015,994 98.36% 20,978 4,036,972 99% 2015 4,231,865 4,174,320 98.64% 97,496 4,271,816 101% 2016 4,501,716 4,464,778 99.18% 26,688 4,491,467 100% 2017 4,644,955 4,589,538 98.81% 34,760 4,624,298 100% Source: Tarrant County Tax Office, Summary Part C (As Of September 30, 2017). Fiscal Year of the Levy Collected With the Total Collections to Date CITY OF KENNEDALE, TEXAS PROPERTY TAX LEVIES AND COLLECTIONS LAST TEN FISCAL YEARS 68 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 94 TABLE 9 Certificates Certificates Total Percentage Fiscal Revenue of Capital Term of Capital Primary of Personal Per Year Bonds Obligation Leases Loan Obligation Leases Government Income Capita Population 2008 225,000 10,341,888 276,534 242,849 4,398,113 139,533 15,623,916 0.31% 2,422 6,450 2009 185,000 9,982,213 226,461 125,247 4,217,788 107,087 14,843,795 0.33% 2,199 6,750 2010 140,000 11,576,363 323,204 - 4,028,638 73,068 16,141,272 0.30% 2,370 6,812 2011 95,000 14,396,250 249,888 - 3,828,750 37,399 18,607,287 0.26% 2,691 6,914 2012 50,000 13,930,405 298,290 - 3,621,950 - 17,900,645 0.27% 2,534 7,063 2013 - 13,240,601 221,065 - 3,411,325 1,721,658 18,594,649 0.26% 2,562 7,257 2014 - 12,469,623 140,436 - 3,191,875 1,629,163 17,431,097 0.28% 2,357 7,394 2015 - 11,655,557 99,701 - 2,965,512 1,539,241 16,260,011 0.30% 2,035 7,992 2016 - 11,001,843 424,473 - 2,728,413 1,445,849 15,600,577 0.31% 1,943 8,031 2017 10,026,300 600,557 2,475,575 1,350,209 14,452,641 0.34% 1,738 8,315 Source:Notes to the financial statements and Table 14. Notes:The City issued $455,000 in certificates of obligation bonds in 1996 that was split between Governmental Activities 38% and Business Activities 62%. The City issued over $5 million of new certificates of obligation bonds in 1998. And it was split between Governmental Activities 61.75% and Business Activities 38.25%. However, the first few years of the bond balance did not require any principal payments. The first principal payment due 2002. The City issued $790,000 in new certificates of obligation bonds in 2005. The first principal payment due 2008. The Water/Sewer Fund borrowed $857,189 from the Texas Department of Transportation in State Infrastructure Bank Loan for improvements of Bus. 287 Hwy. The City entered into a capital lease for $339,000 for equipment - split between Governmental Activities 67.65% and Business Activities 32.35%. The City also has capital lease on Fire Truck that was issued in 2003 for $380,543 - 10 year amortization. The City issued $2,735,000 in new certificates of obligation bonds in 2007. First principal payment due 2008. The City issued $4,500,000 in new certificates of obligation bonds in 2008. First principal payment due 2009. The City issued $2,000,000 in new certificates of obligation bonds in 2010. First principal payment due 2011. The City issued $3,260,000 in new certificates of obligation bonds in 2011. First principal payment due 2012. The City entered into a capital lease for $125,000 for police radios in 2012. First principal payment due 2013. The City entered into a capital lease for $1,539,536 for Global Water Automatic Meter Reader (AMR) equipment in 2012. First principal payment due 2013. The City amended its 2012 capital lease by adding an additional $182,122 for Global AMR equipment in 2013. Updated total $1,721,658. First principal payment due 2013. The City entered into a capital lease for $367,218.45 for vehicles and equipment in 2016. First principal payment due 2017. The City issued $3,720,000 in general obligation refunding bonds in 2016. First principal payment due 2017. Governmental Activities Business-Type Activities CITY OF KENNEDALE, TEXAS RATIOS OF OUTSTANDING DEBT BY TYPE LAST TEN FISCAL YEARS 69 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 95 TABLE 10 Percentage of General Actual Taxable Fiscal Obligation Revenue Value of Per Year Bonds Bonds Total Property Capita 2008 10,341,888 225,000 10,566,888 2.39% 1,638.3 2009 9,982,213 185,000 10,167,213 2.04% 1,506.3 2010 11,576,363 140,000 11,716,363 2.16% 1,732.4 2011 14,396,250 95,000 14,491,250 2.78% 2,142.7 2012 13,930,405 50,000 13,980,405 2.86% 1,979.4 2013 13,240,601 - 13,240,601 2.79% 1,818.8 2014 12,469,623 - 12,469,623 2.60% 1,682.7 2015 11,655,557 - 11,655,557 2.20% 1,454.9 2016 11,001,843 - 11,001,843 2.00% 1,366.5 2017 10,026,300 - 10,026,300 1.77% 1,202.5 Source: Table 5, 9 and 14. General Bonded Debt Outstanding CITY OF KENNEDALE, TEXAS RATIOS OF GENERAL BONDED DEBT OUTSTANDING LAST TEN FISCAL YEARS 70 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 96 TABLE 11 Estimated Share of Estimated Direct and Debt Percentage Overlapping Outstanding Applicable Debt Direct Debt (Table 9) City of Kennedale, Texas 10,626,857 $ 100.000% 10,626,857 $ Subtotal, Direct Debt 10,626,857 $ Overlapping Debt Arlington ISD 841,237,139 $ 0.040% 336,495 Fort Worth ISD 862,315,000 0.080% 689,852 Kennedale ISD 36,595,025 42.750% 15,644,373 Mansfield ISD 779,480,000 0.250% 1,948,700 Tarrant County 321,795,000 0.430% 1,383,719 Tarrant County Hospital District 20,835,000 0.430% 89,591 Subtotal, Overlapping Debt 2,862,257,164 $ 20,092,730 $ Total, Direct and Overlapping Debt 30,719,587 $ Ratio, Direct and Overlapping Debt to Taxable Assessed Valuation (Table 5)5.07% Source:Texas Municipal Reports per the Municipal Advisory Council of Texas, Other Entity Annual Financials and Table 9. Notes: Government Unit CITY OF KENNEDALE, TEXAS DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT AS OF SEPTEMBER, 2017 Overlappinggovernmentsarethosethatcoincide,at least in part,withthegeographicboundaries of theCity. Thisscheduleestimatestheportion of theoutstandingdebt of thoseoverlappinggovernmentsthat is borne by the residentsandbusinesses of theCity of Kennedale.Thisprocessrecognizesthat,whenconsideringtheCity's ability to issueandrepaylong-termdebt,theentiredebtburdenborne by theresidentsandbusinessesshould be takenintoaccount.However,thisdoesnotimplythateverytaxpayer is aresident--andthereforeresponsiblefor repaying the debt--of each overlapping government. Thepercentage of overlappingdebtapplicable is estimatedusingtaxableassessedpropertyvalues.Applicable percentageswereestimated by determiningtheportion of theoverlappinggovernment'staxableassessedvalue that is withintheCity of Kennedale'sboundariesanddividing it by theoverlappinggovernment'stotaltaxable assessed value. 71 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 97 TABLE 12 CITY OF KENNEDALE, TEXAS LEGAL DEBT MARGIN INFORMATION LAST TEN FISCAL YEARS The City Charter of the City of Kennedale (Section 6.05), Texas does not provide for a debt limit. The debt portion of the overall tax rate may rise as high as necessary to retire debt for the coming year without triggering the threat of rollback. Under the provision of Texas State law, the maximum tax rate is limited to $2.50 per $100 assessed valuation. The tax rate for fiscal year 2017 was established at $0.767500 per $100 assessed valuation based on 100% of net taxable value. 72 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 98 TABLE 13 Per Capita Median Median Calendar Household Household Unemployment Year Population Income Income Rate 2008 6,450 49,091 24,323 5.1% 2009 6,750 49,091 24,323 6.7% 2010 6,812 49,091 24,323 8.5% 2011 6,914 49,091 24,323 7.7% 2012 7,063 49,091 24,323 6.3% 2013 7,257 73,909 31,163 6.9% 2014 7,394 73,909 31,163 5.7% 2015 7,992 73,909 31,163 4.3% 2016 8,031 73,909 31,163 4.1% 2017 8,315 71,875 31,904 5.3% Source: Population: City of Kennedale Planning Department. Based on 2010 Census date with annual updates from City Staff. CITY OF KENNEDALE, TEXAS DEMOGRAPHIC AND ECONOMIC STATISTICS LAST TEN FISCAL YEARS Personal Income & Per Capita Personal Income & Unemployment Rate: United States Census Bureau, 2016 American Community Survey 73 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 99 TABLE 14 Percentage Percentage of Total City of Total City Employer Employees Employment Employees Employment Fort Worth Tower 505 32.88% 480 26.49% Kennedale Independent School District 408 26.56% 411 22.68% Speed Fab Crete 183 11.91% 128 7.06% ARK Contracting Services 52 3.39% 115 6.35% Harrison Jet Guns 38 2.47% 92 5.08% Hawk Steel 69 4.49% 92 5.08% Mike Conkle's Custom Cabinets 48 3.13% 85 4.69% City of Kennedale 71 4.62% 78 4.30% Excel Polymers 14 0.91% 76 4.19% Goss International - -% 64 3.53% Texas Tile 38 2.47% 55 3.04% US Galvanizing LP 12 0.78% 34 1.88% Stovall Electric 18 1.17% 30 1.66% Redi-Mix LP 13 0.85% 22 1.21% H&O Die Supply 9 0.59% 19 1.05% RE Watson & Associates 41 2.67% 17 0.94% Global Servo Hydraulics 11 0.72% 9 0.50% Wear Master 6 0.39% 5 0.28% Total 1,536 100.00% 1,812 100.00% Source: Economic Development Department. Note: City of Kennedale total represents an employee count, to include regular, part-time and seasonal. Information from 2017 and 9 years ago is not available. CITY OF KENNEDALE, TEXAS PRINCIPAL EMPLOYERS CURRENT AND FOUR YEARS AGO 2016 2013 74 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 100 TABLE 15 Function/Program 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 General government Management services 3.0 3.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 Finance 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 3.0 2.5 Planning 2.0 2.5 2.5 2.5 2.5 2.5 3.0 3.0 3.0 3.0 Building 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 Municipal court 2.0 2.0 2.0 2.0 2.0 2.0 2.0 3.0 2.0 2.0 Police Officers 20.0 19.0 19.0 19.0 19.0 19.0 16.0 19.0 20.0 20.0 Civilians 6.5 7.5 7.5 7.5 7.5 7.5 7.5 2.5 2.5 2.1 Fire Firefighters and officers 17.0 17.0 16.0 16.0 16.0 16.0 16.0 16.0 16.0 16.0 Civilians 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 Refuse Collection N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Other public works Engineering N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Streets & Parks 6.0 6.0 6.0 6.0 6.0 6.0 8.0 8.0 8.0 8.0 Economic Development 1.0 1.0 - - - - - - - Library 3.0 3.0 3.5 3.5 3.5 3.5 3.5 3.5 3.5 4.0 Water/Wastewater 9.5 11.0 10.5 14.5 14.5 12.5 11.5 11.5 11.5 11.5 Transit N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Total 74.5 76.5 75.5 79.5 79.5 77.5 76.0 75.0 75.5 75.1 CITY OF KENNEDALE, TEXAS FULLTIME EQUIVALENT CITY GOVERNMENT EMPLOYEES BY FUNCTION/PROGRAM LAST TEN FISCAL YEARS Source: FY2016-17 Adopted Budget. Note: A fulltime employee is scheduled to work 2080 hours per year (including vacation and sick leave). Fulltime equivalent employment is calculated by dividing total labor hours by 2080. These figures also include regular, part-time and seasonal employees. Fiscal Year 75 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 101 TABLE 16 Function/Program 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 General government Building permits issued 15 102 152 255 535 389 504 406 504 292 Building inspections conducted 19 81 92 204 474 363 477 355 1,185 1,752 Police Physical arrests 331 284 265 270 246 244 260 203 203 374 Parking violations 2,790 1,487 1,361 1,389 359 2,117 2,045 1,675 24 6 Traffic violations 5,019 4,736 3,645 4,850 6,248 7,609 4,287 3,778 2,828 4,296 Fire Emergency responses 1,260 1,088 1,156 1,108 1,028 1,039 909 1,131 867 1,166 Fires extinguished 271 250 319 315 183 217 135 199 200 200 Inspections 45 74 45 32 193 185 173 198 178 218 Refuse collection Refuse collected (tons per day)N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Recyclables collected (tons per day)N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Other public works Street resurfacing (miles)- - - - - - - - - - Potholes repaired - - - - - - - - - - Parks and recreation Athletic field permits issued - - - - - - - - - - Community center admissions - - - - - - - - - - Library Volumes in collection 19,847 18,140 16,971 18,053 17,986 17,943 15,299 14,752 16,292 16,831 Total volumes borrowed 29,704 310,405 17,279 16,508 16,317 17,429 17,257 16,162 20,288 21,579 Water New connections 26 14 21 25 54 36 87 73 39 59 Water main breaks - - - - - - - - - - Average daily consumption 896,246 869,925 1,030,864 1,147,339 1,060,488 1,000,704 968,841 892,014 898,918 980,413 (thousands of gallons) Peak daily consumption 1,828,940 1,784,042 1,913,000 2,550,400 2,939,100 2,355,100 2,135,272 2,471,500 2,021,800 1,884,040 (thousands of gallons) Wastewater Average daily sewage treatment N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A (thousands of gallons) Transit Total route miles N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Passengers N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Note: The City has and is working with outside consultants to accomplish this goal. Currently, we intend to approach performance measurement via the "Balanced Scorecard" system. Therefore, we do not have or track figures to provide in this type of format. CITY OF KENNEDALE, TEXAS OPERATING INDICATORS BY FUNCTION/PROGRAM LAST TEN FISCAL YEARS 76 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 102 Function/Program 2008 2009 2010 2011 2012 2013 2014 2015 2016 Police Stations 1 1 1 1 1 1 1 1 1 Zone offices 1 1 1 1 1 1 1 1 1 Patrol units 14 15 17 13 13 13 14 17 17 Fire Stations 1 1 1 1 1 1 1 1 1 Refuse collection Collection trucks N/A N/A N/A N/A N/A N/A N/A N/A N/A Other public works Streets (miles)- - - - - - - 42 42 Highways (miles)- - - - - - - - - Streetlights - - - - - - - 332 332 Traffic signals N/A N/A N/A N/A N/A N/A N/A N/A N/A Parks and recreation Acreage 28 28 28 28 28 28 28 28 28 Playgrounds 4 4 4 4 4 4 4 4 4 Baseball/softball diamonds 3 3 3 3 3 3 3 3 3 Soccer/football fields N/A N/A N/A N/A N/A N/A N/A N/A N/A Community centers 1 1 1 1 1 1 1 1 1 Water Water mains (miles)- - - - - - - 48 48 Fire hydrants (Thousands)5 5 5 5 5 5 5 5 5 Storage capacity (total)3,350 3,350 3,350 3,350 3,350 3,350 3,350 3,350 3,350 (thousands of gallons) Elevated 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 Ground 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 Wastewater Sanitary sewers (miles)- - - - - - - 48 48 Storm sewers (miles)- - - - - - - 4 4 Treatment capacity N/A N/A N/A N/A N/A N/A N/A N/A N/A (thousands of gallons) Transit Minibuses N/A N/A N/A N/A N/A N/A N/A N/A N/A Note: The City has and is working with outside consultants to accomplish this goal. Currently, we intend to approach performance measurement via the "Balanced Scorecard" system. Therefore, we do not have or track figures to provide in this type of format. CITY OF KENNEDALE, TEXAS CAPITAL ASSET STATISTICS BY FUNCTION/PROGRAM LAST TEN FISCAL YEARS 77 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 103 COMPLIANCE SECTION REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 104 INDEPENDENT AUDITOR S ’ REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS To the Honorable Mayor and City Council of the City of Kennedale , Texas We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States , the financial statements of the governmental activities, the business -type activities , each major fund, and the aggregate remaining fund information of the City of Kennedale , Texas , as of and for the year ended September 30, 201 7 , and the related notes to the financial statements, which collectively comprise City of Kennedale , Texas’ basic financial statements, and have issued our report thereon dated March 15, 2018 . Internal Control over Financial Reporting In planning and perf orming our audit of the financial statements, we considered City of Kennedale , Texas’ internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinio n on the effectiveness of City of Kennedale , Texas’ internal control. Accordingly, we do not express an opinion on the effectiveness of City of Kennedale , Texas’ internal control. A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficienc y is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. 78 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 105 Our consideration of internal control was for the limited p urpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or, significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified. Compliance and Other Matters As part of obtaining reasonable assurance about whether City of Kennedale , Texas’ financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the d etermination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncomp liance or other matters that are required to be reported under Government Auditing Standards . Purpose of this Report The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose. Waco, Texas March 15, 2018 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 106 To the Honorable Mayor and City Council of the City of Kennedale , Texas We have audited the financial statements of the City of Kennedale , Texas as of and for t he year ended September 30, 201 7 , and have issued our report thereon dated March 15, 2018 . Professional standards require that we advise you of the following matters relating to our audit. Our Responsibility in Relation to the Financial Statement Audit As communicated in our engagement letter dated July 5, 2017 , our responsibility, as described by professional standards, is to form and express opinions about whether the financial statements that have been prepared by management with your oversight are pr esented fairly, in all material respects, in accordance with accounting principles generally accepted in the United States of America. Our audit of the financial statements does not relieve you or management of your respective responsibilities. Our respon sibility, as prescribed by professional standards, is to plan and perform our audit to obtain reasonable, rather than absolute, assurance about whether the financial statements are free of material misstatement. An audit of financial statements includes co nsideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control over financ ial reporting. Accordingly, as part of our audit, we considered the internal control of the City solely for the purpose of determining our audit procedures and not to provide any assurance concerning such internal control. We are also responsible for comm unicating significant matters related to the audit that are, in our professional judgment, relevant to your responsibilities in overseeing the financial reporting process. However, we are not required to design procedures for the purpose of identifying oth er matters to communicate to you. Planned Scope and Timing of the Audit We conducted our audit consistent with the planned scope and timing we previously communicated to you. REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 107 2 Compliance with All Ethics Requirements Regarding Independence The engagement team, others in our firm, and, as appropriate, our firm have complied with all relevant ethical requirements regarding independence. As a part of the engagement we assisted in preparing the financial statements, and related notes to the fi nancial statements of the City in conformity with U.S. generally accepted accounting principles based on information provided by you. These nonaudit services do not constitute an audit under Government Auditing Standards and such services were not conducted in accordance with Government Auditing Services. In order to ensure we maintain our independence for performing these nonaudit services certain safeguards were applied to this engagement. Management assumed responsibi lity for the financial statements and related notes to the financial statements and any other nonaudit services we provided. Management acknowledged in the management representation letter our assistance with the preparation of the financial statements and related notes to the financial statements and that these items were reviewed and approved prior to their issuance and accepted responsibility for them. Further, the nonaudit services were oversaw by an individual within management that has the suitable sk ill, knowledge, or experience; evaluated the adequacy and results of the services; and accepted responsibility for them. Qualitative Aspects of the Entity’s Significant Accounting Practices Significant Accounting Policies Management has the responsibility to select and use appropriate accounting policies. A summary of the significant accounting policies adopted by the City is included in Note I to the financial statements. No matters have come to our attention that would re quire us, under professional standards, to inform you about (1) the methods used to account for significant unusual transactions and (2) the effect of significant accounting policies in controversial or emerging areas for which there is a lack of authorita tive guidance or consensus. Significant Accounting Estimates Accounting estimates are an integral part of the financial statements prepared by management and are based on management’s current judgments. Those judgments are normally based on knowledge and experience about past and current events and assumptions about future events. Certain accounting estimates are particularly sensitive because of their significance to the financial statements and because of the possibility that future events affecting the m may differ markedly from management’s current judgments. The most sensitive accounting estimates affecting the financial statements are: Management’s estimate of the useful lives of capital assets is based on the expected lifespan of the asset in accordance with standard guidelines. We evaluated the key factors and assumptions used to develop the estimate of useful lives in determining that it is reasonable in relation to the financial statements taken as a whole and in relation to the applicable o pinion units. REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 108 3 Management’s estimate of the net pension liability is based on actuarial assumptions which are determined by the demographics of the plan and future projections that the actuarial makes based on historical information of the plan and the inv estment market. We evaluated the key factors and assumptions used to develop the net pension liability and determined that it is reasonable in relation to the basic financial statements taken as a whole and in relation to the applicable opinion units. Management’s estimate of the allowance for uncollectible accounts is based on historical collection rates. We evaluated the key factors and assumptions used to develop the estimates listed above in determining that they are reasonable in relation to the fi nancial statements taken as a whole. Financial Statement Disclosures Certain financial statement disclosures involve significant judgment and are particularly sensitive because of their significance to financial statement users. The most sensitive disclosures affecting the City’s financial statements relate to the net pensi on liability. The disclosures in the financial statements are neutral, consistent, and clear. Significant Difficulties Encountered during the Audit We encountered no significant difficulties in dealing with management relating to the performance of the audit. Uncorrected and Corrected Misstatements For purposes of this communication, professional standards require us to accumulate all known and likely misstatements identified during the audit, other than those that we believe are trivial, and communi cate them to the appropriate level of management. Further, professional standards require us to also communicate the effect of uncorrected misstatements related to prior periods on the relevant classes of transactions, account balances or disclosures, and the financial statements as a whole and each applicable opinion unit. Management has corrected all identified misstatements. In addition, professional standards require us to communicate to you all material, corrected misstatements that were brought to the attention of management as a result of our audit procedures. None of the misstatements identified by us as a result of our audit procedures and corrected by management were material, either individually or in the aggregate, to the financial statements taken as a whole or applicable opinion units. Disagreements with Management For purposes of this letter, professional stand ards define a disagreement with management as a matter, whether or not resolved to our satisfaction, concerning a financial accounting, reporting, or auditing matter, which could be significant to the City ’s financial statements or the auditor’s report. No such disagreements arose during the course of the audit. REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 109 4 Representations Requested from Management We have requested certain written representations from management, which are included in the managem ent representation letter dated March 15, 2018. Management’s Consultations with Other Accountants In some cases, management may decide to consult with other accountants about auditing and accounting matters. Management informed us that, and to our knowledge, there were no consultations with other accou ntants regarding auditing and accounting matters. Other Significant Matters, Findings, or Issues In the normal course of our professional association with the City, we generally discuss a variety of matters, including the application of accounting principles and auditing standards, operating and regulatory conditions affecting the entity, and operational plans and strategies that may affect the risks of material miss tatement. None of the matters discussed resulted in a condition to our retention as the City ’s auditors. This report is intended solely for the information and use of the City Council and management of the City of Kennedale , Texas and is not intended to be and should not be used by anyone other than these specified parties. Waco , Texas March 15, 2018 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 110     REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 111            REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 112              REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 113            REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 114          REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 115              REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 116          REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 117        REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 118 Staff Report to the Honorable Mayor and City Council Date: March 19, 2018 Agenda Item No: WORK SESSION - B. I. Subject: Discussion of seeking an RFP to conduct another Comprehensive Audit of all City Funds II. Originated by: III. Summary: This item was placed on the agenda at the request of Council. IV. Fiscal Impact Summary: V. Legal Impact: VI. Recommendation: VII. Alternative Actions: VIII. Attachments: REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 119 Staff Report to the Honorable Mayor and City Council Date: March 19, 2018 Agenda Item No: WORK SESSION - C. I. Subject: Discussion of proposed capital improvement projects and related Certificate of Obligation (CO) issuance II. Originated by: III. Summary: This item was placed on the agenda at the request of Council. The FY2018 Adopted Budget included funding for the debt service related to the issuance of a ~$4 Million Certificate of Obligation (CO) – funded by streets, stormwater, and water & sewer – for the following capital i mprovement projects: PROJECT COST EST.* WATER & SEWER Northern Arlington Interconnect $ 439,500.00 12 -inch Waterline along Bolen $ 767,900.00 VS 1000PRWL Easement Machine $ 52,040.00 Vactor 2100 Plus Truck $ 341,423.00 Village Creek Sew er Line $ 414,100.00 Alternate Eden Road Connection $ 50,000.00 SUB -TOTAL $ 2,064,963.00 STORMWATER Beacon Hill: Reinforced Pipe and End Treatments $ 150,000.00 3rd Street: Drainage Improvements $ 100,000.00 Valley Lane: Erosion Repair $ 1 56,000.00 Valley Lane: EMP TxDOT Match $ 125,000.00 Pennsylvania Avenue: Gabion Wall $ 360,000.00 SUB -TOTAL $ 891,000.00 STREETS -WATER -SEWER Eden Road: Kennedale Pkwy.to Mansfield Cardinal $ 941,380.00 SUB -TOTAL $ 941,380.00 TOTA L $ 3,897,343.00 *(SOURCE: Budget Presentation from the Friday, August 11, 2017 City Council Work Session) REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 120 Staff Report to the Honorable Mayor and City Council Date: March 19, 2018 Agenda Item No: WORK SESSION - D. I. Subject: Discuss scheduling of monthly City Council Regular Meetings and Work Sessions II. Originated by: III. Summary: At their Monday, March 5 Special Meeting, Council requested that an item be placed on the agenda to allow for a discussion of possibly changing the Regular Meeting date (currently the third Monday of each month) and/or adding a monthly Work Session separate from the Regular Meeting. Please see Decision Item XII.E. to view the proposed Resolution 519. For your reference, Boards and Commissions meet on the following days: BOA/BBA: 7:00 p.m. the first Tuesdays , as needed EDC: 7:00 p.m. the fourth Tuesdays KKB: 6:00 p.m. the second Tuesdays Parks: 7:00 p.m. the first Wednesdays P&Z: 7:00 p.m.on the third Thursdays UIB: 6:00 p.m. the first Thursdays One upcoming date to note, during Council's discussion and/or scheduling of upcoming meetings, is the need to canvass the May 5 Election. A Council meeting must be held either Tuesday, May 15 or Wednesday, May 16 to meet state requirements and county time constraints for canvassing. IV. Fiscal Impact Summary: V. Legal Impact: VI. Recommendation: VII. Alternative Actions: VIII. Attachments: REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 121 Staff Report to the Honorable Mayor and City Council Date: March 19, 2018 Agenda Item No: WORK SESSION - E. I. Subject: Discussion of potential amendments to the Economic Development Corporation (EDC) Bylaws II. Originated by: III. Summary: This item was placed on the agenda at the request of Council. IV. Fiscal Impact Summary: V. Legal Impact: VI. Recommendation: VII. Alternative Actions: VIII. Attachments: REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 122 Staff Report to the Honorable Mayor and City Council Date: March 19, 2018 Agenda Item No: WORK SESSION - F. I. Subject: Discussion of request to pay invoice for outside legal counsel engaged by Mayor Pro Tem Joplin II. Originated by: III. Summary: Mayor Pro Tem Jan Joplin requested that this item be included on the agenda. IV. Fiscal Impact Summary: V. Legal Impact: VI. Recommendation: VII. Alternative Actions: VIII. Attachments: REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 123 Staff Report to the Honorable Mayor and City Council Date: March 19, 2018 Agenda Item No: WORK SESSION - G. I. Subject: Discussion of items on Regular Session II. Originated by: Leslie Galloway, City Secretary & Communications Coordinator III. Summary: At this time, Council may choose to discuss any item on the agenda. IV. Fiscal Impact Summary: V. Legal Impact: VI. Recommendation: VII. Alternative Actions: VIII. Attachments: REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 124 Staff Report to the Honorable Mayor and City Council Date: March 19, 2018 Agenda Item No: VISITOR/CITIZENS FORUM - A. I. Subject: Presentation by One Safe Place II. Originated by: III. Summary: Felipe Gutierrez is the Director of Development & Engagement for One Safe Place, a non-profit organization based in Fort Worth. IV. Fiscal Impact Summary: V. Legal Impact: VI. Recommendation: VII. Alternative Actions: VIII. Attachments: REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 125 Staff Report to the Honorable Mayor and City Council Date: March 19, 2018 Agenda Item No: REPORTS/ANNOUNCEMENTS - A. I. Subject: Updates from the City Council II. Originated by: III. Summary: Updates and information from City Council Members, if any. IV. Fiscal Impact Summary: V. Legal Impact: VI. Recommendation: VII. Alternative Actions: VIII. Attachments: REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 126 Staff Report to the Honorable Mayor and City Council Date: March 19, 2018 Agenda Item No: REPORTS/ANNOUNCEMENTS - B. I. Subject: Updates from the City Manager II. Originated by: III. Summary: Updates and information from City Manager George Campbell, if any. IV. Fiscal Impact Summary: V. Legal Impact: VI. Recommendation: VII. Alternative Actions: VIII. Attachments: REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 127 Staff Report to the Honorable Mayor and City Council Date: March 19, 2018 Agenda Item No: REPORTS/ANNOUNCEMENTS - C. I. Subject: Updates from the Mayor • Proclamation presentation in recognition of Kids to Parks Day (Saturday, May 19, 2018) II. Originated by: III. Summary: Updates and information from Mayor Brian Johnson, if any. • Proclamation presentation in recognition of Kids to Parks Day www.parktrust.org/kids-to-parks-day Organized by the National Park Trust in 2011, Kids to Parks Day is a nationwide celebration of the great outdoors designed to connect kids and families with their local, state, and national parks and public lands. By discovering and exploring our public lands, kids across the country can learn about park stewardship, outdoor recreation, STEM, and the history of our country. In addition, by teaching our kids to appreciate and enjoy our public lands, we can foster future outdoor enthusiasts and create the next generation of park stewards and caretakers of these important places. Because kids need parks – and parks need kids! Each year in preparation for Kids to Parks Day, which is always hosted on the third Saturday of May, NPT works with cities and towns, teachers, families, park and public lands officials and numerous partners across the country to invite kids of all ages to create their own adventures at one of the thousands of park events and programs featured on our site. The City of Kennedale's associated event is KIDFISH at Sonora Park, on Saturday, May 19, from 9:00 a.m. to 12:00 noon. www.cityofkennedale.com/kidfish IV. Fiscal Impact Summary: V. Legal Impact: VI. Recommendation: VII. Alternative Actions: VIII. Attachments: 1.2018_03.19_KidsToParks 2018_03.19_KidsToParks.pdf REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 128 Kids to Parks Day REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 129 Staff Report to the Honorable Mayor and City Council Date: March 19, 2018 Agenda Item No: MONITORING INFORMATION - A. I. Subject: Monthly Financials – February 2018 II. Originated by: Brady Olsen, Finance Director III. Summary: Overview of the City's revenues and expenditures for all funds compared to budget and previous year. For this month's report, the FY16-17 actuals are updated with audited figures. Highlights of differences are included in the CAFR Work Session item. Sales tax revenue was higher than normal for the month, largely due to a one-time payment from a single taxpayer. As you might notice, the current month's figures are not all in line with those of the previous year. Water & Sewer Revenue, Stormwater Revenue, and EDC Revenue and Expenditures are all examples of this. Due to recent turnover, staff was unable to complete all of the usual end-of-month closing entries prior to this meeting but aim to be caught up by the March report that will be presented at the next regular meeting. IV. Fiscal Impact Summary: V. Legal Impact: VI. Recommendation: VII. Alternative Actions: VIII. Attachments: 1.2018_02 Monthly Financials 2018_02 Monthly Financials.pdf 2.Sales Tax Update – February Sales+Tax+Update-+February.pdf REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 130 FY16-17 FY16-17 FY17-18 CURRENT FY17-18 % OF PY ACTUAL % OF CY BUDGET BUDGET REVENUES YTD ACTUAL ADOPTED MONTH YTD EARNED EARNED REMAINING GENERAL FUND 3,998,457 $ 6,174,185 $ 6,386,639 $ 294,563 $ 4,165,458 $ 64.8%65.2%2,221,181 $ OTHER GENERAL FUNDS 346,188 $ 1,621,385 $ 973,127 $ 91,737 $ 261,697 $ 21.4%26.9%711,430 $ GENERAL FUND 4,344,645 $ 7,795,570 $ 7,359,766 $ 386,300 $ 4,427,155 $ 55.7%60.2%2,932,611 $ -$ GENERAL DEBT SERVICE FUND 1,072,591 $ 1,453,154 $ 1,665,934 $ -$ 1,168,203 $ 73.8%70.1%497,731 $ -$ WATER/SEWER FUND 1,395,649 $ 4,950,455 $ 4,479,449 $ 10,942 $ 1,421,594 $ 28.2%31.7%3,057,855 $ STORMWATER UTILITY FUND 176,642 $ 463,360 $ 256,664 $ -$ 87,014 $ 38.1%33.9%169,650 $ WATER IMPACT FUND 25,596 $ 152,432 $ 120,450 $ 31,004 $ 63,936 $ 16.8%53.1%56,514 $ SEWER IMPACT FUND 4,203 $ 41,762 $ 28,625 $ 14,903 $ 30,194 $ 10.1%105.5%(1,569)$ WATER/SEWER FUND 1,602,090 $ 5,608,009 $ 4,885,188 $ 56,849 $ 1,602,737 $ 28.6%32.8%3,282,451 $ -$ EDC4B FUND 181,538 $ 522,549 $ 575,878 $ 66,709 $ 507,277 $ 34.7%88.1%68,601 $ -$ CAPITAL FUND 29,186 $ 193,473 $ 162,535 $ 27,592 $ 64,067 $ 15.1%39.4%98,468 $ -$ SPECIAL REVENUE FUND 92,888 $ 95,393 $ 25,067 $ -$ 0 $ 97.4%0.0%25,067 $ TOTAL REVENUES 7,322,938 $ 15,668,147 $ 14,674,368 $ 537,451 $ 7,769,439 $ 46.7%52.9%6,904,929 $ FY16-17 FY16-17 FY17-18 CURRENT FY17-18 % OF PY BUDGET % OF CY BUDGET BUDGET EXPENDITURES YTD ACTUAL ADOPTED MONTH YTD EXPENSED EXPENSED REMAINING GENERAL FUND 2,399,711 $ 6,195,408 $ 6,453,680 $ 485,464 $ 2,487,119 $ 38.7%38.5%3,966,561 $ OTHER GENERAL FUND 812,102 $ 1,820,470 $ 920,034 $ 44,596 $ 250,720 $ 44.6%27.3%669,314 $ GENERAL FUND 3,211,813 $ 8,015,879 $ 7,373,714 $ 530,060 $ 2,737,839 $ 40.1%37.1%4,635,875 $ -$ GENERAL DEBT SERVICE FUND 1,054,682 $ 1,423,034 $ 1,663,884 $ 771,780 $ 1,167,910 $ 74.1%70.2%495,974 $ -$ WATER/SEWER FUND 1,534,546 $ 4,244,829 $ 4,258,316 $ 436,172 $ 1,697,892 $ 36.2%39.9%2,560,424 $ STORMWATER UTILITY FUND 92,525 $ 52,571 $ 271,303 $ -$ 69,266 $ 176.0%25.5%202,037 $ WATER IMPACT FUND -$ 154,415 $ 153,573 $ -$ -$ 0.0%153,573 $ SEWER IMPACT FUND -$ 60,000 $ 60,000 $ -$ -$ 0.0%60,000 $ WATER/SEWER FUND 1,627,071 $ 4,511,814 $ 4,743,192 $ 436,172 $ 1,767,158 $ 36.1%37.3%2,976,034 $ -$ EDC4B FUND 179,388 $ 604,408 $ 592,963 $ 8,978 $ 225,574 $ 29.7%38.0%367,389 $ -$ CAPITAL FUND 86,308 $ 168,210 $ 175,170 $ 90 $ 7,293 $ 51.3%4.2%167,878 $ -$ SPECIAL REVENUE FUND 87,280 $ 104,097 $ 22,984 $ 1,000 $ 1,000 $ 83.8%4.4%21,984 $ 0 TOTAL EXPENDITURES 6,246,540 $ 14,827,443 $ 14,571,907 $ 1,748,081 $ 5,906,773 $ 42.1%40.5%8,665,134 $ REVENUE SUMMARY BY FUND EXPENDITURE SUMMARY BY FUND REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 131 FY16-17 FY16-17 FY17-18 CURRENT FY17-18 % OF PY ACTUAL % OF CY BUDGET BUDGET GENERAL FUND YTD ACTUAL ADOPTED MONTH YTD EXPENSED EXPENSED REMAINING CITY MANAGER 161,961 $ 356,066 $ 352,423 $ 28,198 $ 127,768 $ 45.5%36.3%224,655 $ MAYOR/CITY COUNCIL 43,449 $ 129,553 $ 115,113 $ 18,351 $ 60,488 $ 33.5%52.5%54,625 $ CITY SECRETARY 55,538 $ 152,017 $ 144,246 $ 6,345 $ 57,908 $ 36.5%40.1%86,338 $ MUNICIPAL COURT 42,481 $ 11,003 $ 128,197 $ 10,491 $ 31,551 $ 386.1%24.6%96,646 $ HUMAN RESOURCES 41,764 $ 110,036 $ 128,583 $ 9,211 $ 40,762 $ 38.0%31.7%87,821 $ FINANCE 132,316 $ 293,954 $ 301,564 $ 83,818 $ 160,445 $ 45.0%53.2%141,119 $ POLICE 848,824 $ 2,190,318 $ 2,405,689 $ 132,474 $ 901,467 $ 38.8%37.5%1,504,222 $ FIRE 617,557 $ 1,679,349 $ 1,835,873 $ 136,448 $ 671,940 $ 36.8%36.6%1,163,933 $ COMMUNITY DEVELOPMENT 109,348 $ 305,758 $ 341,663 $ 20,202 $ 90,260 $ 35.8%26.4%251,403 $ SENIOR CITIZEN CENTER 16,613 $ 66,084 $ 51,439 $ 4,758 $ 19,453 $ 25.1%37.8%31,986 $ LIBRARY 101,923 $ 284,790 $ 258,031 $ 17,986 $ 100,297 $ 35.8%38.9%157,734 $ NONDEPARTMENTAL 217,093 $ 504,400 $ 390,859 $ 18,823 $ 207,335 $ 43.0%53.0%183,524 $ TOTAL EXPENDITURES 2,388,866 $ 6,083,328 $ 6,453,680 $ 487,104 $ 2,469,673 $ 39.3%38.3%3,984,007 $ FY16-17 FY16-17 FY17-18 CURRENT FY17-18 % OF PY BUDGET % OF CY BUDGET BUDGET WATER/SEWER FUND YTD ACTUAL ADOPTED MONTH YTD EXPENSED EXPENSED REMAINING UTILITY BILLING 280,021 $ 1,011,907 $ 1,237,043 $ 45,172 $ 326,106 $ 27.7%26.4%910,937 $ WATER OPERATIONS 464,472 $ 1,043,692 $ 1,649,405 $ 73,560 $ 663,419 $ 44.5%40.2%985,986 $ DEBT 461,034 $ 271,274 $ 677,361 $ 311,937 $ 464,750 $ 170.0%68.6%212,611 $ W&S CAPITAL 45,704 $ 181,782 $ 39,796 $ 2,765 $ 2,765 $ 6.9%37,031 $ NONDEPARTMENTAL 283,314 $ 1,736,173 $ 654,711 $ 2,738 $ 240,852 $ 16.3%36.8%413,859 $ TOTAL EXPENDITURES 1,534,545 $ 4,244,827 $ 4,258,316 $ 436,172 $ 1,697,891 $ 36.2%39.9%2,560,425 $ FY16-17 FY16-17 FY17-18 CURRENT FY17-18 % OF PY BUDGET % OF CY BUDGET BUDGET STREET IMPROVEMENT FUND YTD ACTUAL ADOPTED MONTH YTD EXPENSED EXPENSED REMAINING STREETS 252,264 $ 728,593 $ 698,143 $ 41,071 $ 223,453 $ 34.6%32.0%474,690 $ PARKS MAINTENANCE 28,358 $ 82,981 $ 161,368 $ 3,526 $ 27,267 $ 34.2%16.9%134,101 $ CAPITAL 281,561 $ 331,716 $ 60,523 $ -$ -$ 0.0%60,523 $ TOTAL EXPENDITURES 562,183 $ 1,143,290 $ 920,034 $ 44,597 $ 250,720 $ 49.2%27.3%669,314 $ FY16-17 FY16-17 FY17-18 CURRENT FY17-18 % OF PY BUDGET % OF CY BUDGET BUDGET EDC4B FUNDS YTD ACTUAL ADOPTED MONTH YTD EXPENSED EXPENSED REMAINING ADMINISTRATION 69,865 $ 192,298 $ 195,517 $ 4,162 $ 44,777 $ 36.3%22.9%150,740 $ DEBT SERVICE 87,152 $ 234,250 $ 322,365 $ 4,816 $ 85,053 $ 37.2%26.4%237,312 $ TOWN SHOPPING CENTER 22,372 $ 75,209 $ 45,362 $ -$ 95,744 $ 29.7%211.1%(50,382)$ TOWNCENTER REDEVELOPMENT -$ 12,653 $ -$ -$ -$ #DIV/0!-$ TOTAL EXPENDITURES 179,388 $ 514,408 $ 563,244 $ 8,978 $ 225,574 $ 34.9%40.0%337,670 $ EXPENDITURE SUMMARY BY DEPARTMENT REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 132 Ye a r Oc t o b e r No v e m b e r De c e m b e r Ja n u a r y Fe b r u a r y Ma r c h Ap r i l Ma y Ju n e Ju l y Au g u s t September Total FY 2 0 1 8 1 0 3 , 8 2 0 $     11 4 , 5 0 6 $         86 , 9 5 6 $                95 , 4 2 5 $                                                             16 3 , 5 0 2 $             564,209 $       FY 2 0 1 7 8 8 , 7 4 8 $          11 6 , 1 5 6 $         81 , 8 5 5 $                88 , 9 5 6 $                                                             10 5 , 7 9 4 $             78 , 6 4 4 $                                                 87 , 1 3 0 $                 10 0 , 1 2 1 $               80 , 2 4 1 $                   10 0 , 9 4 3 $    49,590 $         86,549 $         1,064,725 $    FY 2 0 1 6 9 3 , 1 3 7 $          11 9 , 1 3 7 $          97 , 9 8 5 $                75 , 8 7 8 $                                                             11 6 , 0 0 6 $             87 , 5 8 9 $                                                 79 , 5 1 6 $                 11 4 , 5 4 3 $               83 , 7 1 8 $                   84 , 5 8 6 $        87,693 $         91,377 $         1,131,165 $    FY 2 0 1 5 7 1 , 9 5 5 $          94 , 4 3 8 $              82 , 5 4 5 $                73 , 7 8 2 $                                                             10 7 , 5 7 1 $             72 , 3 1 2 $                                                 81 , 1 9 3 $                 11 9 , 3 5 0 $               12 8 , 4 6 3 $               16 5 , 7 5 6 $   146,297 $      177,697 $      1,321,359 $    FY 2 0 1 4 65 , 9 7 1 $          89 , 6 0 0 $              94 , 9 8 2 $                67 , 3 7 3 $                                                             97 , 7 8 1 $                 69 , 6 8 5 $                                                 79 , 2 3 6 $                 93 , 9 5 7 $                   77 , 4 9 6 $                   71 , 9 2 7 $        86,597 $         67,978 $         962,58 4 $       FY 2 0 1 3 1 0 0 , 8 5 0 $     93 , 8 9 0 $              70 , 3 3 8 $                60 , 4 0 6 $                                                             90 , 0 0 9 $                 62 , 3 7 4 $                                                 60 , 9 5 5 $                 96 , 0 6 1 $                   63 , 4 0 9 $                   67 , 3 0 4 $       83,919 $         78,075 $         927,591 $       FY 2 0 1 2 9 4 , 6 1 9 $          11 1 , 5 8 7 $          11 5 , 0 4 8 $            89 , 7 7 8 $                                                             92 , 9 7 7 $                 73 , 4 5 3 $                                                 11 1 , 6 8 9 $             12 3 , 6 9 1 $               73 , 1 0 6 $                   12 2 , 4 8 9 $    80,038 $         82,836 $         1,171,313 $    *N e t  pa y m e n t  af t e r  co r r e c t i n g  an  au d i t  er r o r . ‐$                 In d u s t r y Am o u n t % Ch a n g e YT D F Y T D Ma n u f a c t u r i n g $4 7 , 7 7 0 . 0 5 39 3 . 6 3 % $ 5 4 , 1 1 0 . 0 0 $7 0 , 1 1 4 . 8 2 Ge n e r a l  Se r v i c e s $3 3 , 7 2 6 . 6 8 21 . 9 3 % $ 5 3 , 3 7 2 . 7 4 $1 3 1 , 3 1 3 . 5 6 Re t a i l $3 0 , 4 4 2 . 7 1 33 . 8 1 % $ 5 6 , 1 6 1 . 7 2 $1 2 4 , 2 7 0 . 8 9 Wh o l e s a l e $2 5 , 4 4 5 . 5 1 10 5 . 6 2 % $ 4 6 , 4 6 2 . 1 3 $ 1 0 3 , 5 7 7 . 5 7 Pr o f e s s i o n a l  Se r v i c e s $ 1 6 , 8 9 6 . 2 6 ‐2. 6 0 % $ 3 2 , 3 1 4 . 1 0 $8 1 , 3 2 6 . 6 6 Fo o d $8 , 6 2 6 . 3 0 39 . 0 1 % $ 1 7 , 2 7 8 . 1 9 $4 2 , 0 3 5 . 0 9 Mi s c e l l a n e o u s $1 7 6 . 5 0 ‐85 . 3 5 % $ 3 1 8 . 4 2 $ 1 , 1 1 4 . 2 1 Ag r i c u l t u r a l $ 5 2 . 4 9 ‐79 . 3 6 % $ 3 3 4 . 8 4 $1 0 , 0 5 4 . 3 0 Ac c o m o d a t i o n $0 . 0 0 ‐10 0 . 0 0 % $ 0 . 0 0 $ 0 . 0 0 Sa l e s  Ta x  By  Mo n t h 0 20 , 0 0 0 40 , 0 0 0 60 , 0 0 0 80 , 0 0 0 10 0 , 0 0 0 12 0 , 0 0 0 14 0 , 0 0 0 16 0 , 0 0 0 18 0 , 0 0 0 Oc t o b e r N o v e m b e r D e c e m b e r J a n u a r y F e b r u a r y M a r c h A p r i l M a y J u n e J u l y A u g u s t S e p t e m b e r Sa l e s  Ta x  vs  Ex p e c t a t i o n FY  2018 Five  Year  Average RE G U L A R ME E T I N G 03 . 1 9 . 2 0 1 8 CI T Y CO U N C I L PA C K E T PAGE 133 Staff Report to the Honorable Mayor and City Council Date: March 19, 2018 Agenda Item No: MONITORING INFORMATION - B. I. Subject: Monthly EDC Financials and Activity Report II. Originated by: Brady Olsen, Finance Director III. Summary: Reports from the previous EDC meeting are attached for your reference. IV. Fiscal Impact Summary: V. Legal Impact: VI. Recommendation: VII. Alternative Actions: VIII. Attachments: 1.2018_01 Monthly Financials – EDC 2018_01 Monthly Financials - EDC.pdf 2.2018_01 Sales Tax Update – EDC Sales Tax Update- January EDC.pdf REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 134 Budget Amendment Monthly Information 1.Paid all owed for roofing damage, reducing total cash to $400,000. TML paid actual cost of repair, plus some depreciation. With depreciation difference and monthly revenue, available cash actually increased for the month, although about $66,500 is committed to parking lot repair. 2. $31,808 Sales Tax higher than what we would usually expect in January by about $5,000--largely in General Services & Wholesale 3. Including modified copies of previous monthly reports from Sept-Dec of 2017. When we received the insurance pre-payment in September, the cash was inaccurately reported as 'available cash.' 4. Added additional color formatting to the cash balance page. Similar colors match with similar purposes. 5. EDC continues to explore findings tenants to fill out the town center. Brady Olsen Finance Director ADDITIONAL INFORMATION FUND 15- OPERATING FUND (ALL BILLS AND REVENUE RECEIVED IN THIS FUND) FUND 19- CAPITAL BOND FUND (REMAINING CAPITAL MONEY) FUND 95- RESERVE FUND FOR DEBT REQUIREMENTS ECONOMIC DEVELOPMENT CORPORATION FINANCIALS SUMMARY Rental Fees, MMD Tax and Rental Insurance are reported on the Accrual Basis of Accounting, while all other revenues and expenditures are reported on the Cash Basis. This procedure has been in effect for several years, but can be changed should the Board wish. REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 135 EDC CASH POSITION FY17-18 CATEGORY DESCRIPTION YTD FROM PREVIOUS MONTHS REPORT: BEGINNING CASH BALANCE - FUND 15 (Operating Cash)441,693 $ BEGINNING TEXPOOL BALANCE - FUND 15 (Operating Investments)-$ BEGINNING TEXPOOL BALANCE - FUND 19 (Unspent bond proceeds)29,816 $ BEGINNING CASH BALANCE - FUND 95 (Required reserves)120,838 $ BEGINNING CASH BALANCE - TOTAL 592,347 $ BEGINNING AVAILABLE CASH - TOTAL 197,259 TOTAL REVENUES MINUS EXPENDITURES FOR MONTH (31,674)$ * ENDING CASH BALANCE - FUND 15 (Operating Cash)249,682 $ ENDING TEXPOOL BALANCE - FUND 15 (Operating Investments)-$ ENDING TEXPOOL BALANCE - FUND 19 (Unspent bond proceeds)29,849 $ ENDING CASH BALANCE - FUND 95 (Required reserves)120,942 $ ENDING CASH BALANCE - TOTAL 400,473 $ UNAVAILABLE CASH - EARMARKED TML ROOFING ADVANCE PAID 2010 $2.0M BOND SALE REMAINING CASH (Unspent bond proceeds)29,849 $ RESERVES FOR LEVERAGE NOTE (Required reserves)120,942 $ TOTAL UNAVAILABLE CASH 150,791 $ AVAILABLE CASH 249,682 $ *Due to prior period adjustments, beginning cash balance plus monthly income will not always be an exact match for ending cash balance REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 136 COMBINED EDC4B FUNDS SUMMARY FY16-17 FY16-17 FY17-18 CURRENT FY17-18 % OF PY ACTUAL % OF CY BUDGET BUDGET CATEGORY YTD ACTUAL ADOPTED MONTH YTD USED USED REMAINING BEGINNING FUND BALANCE 313,866 $ 313,866 $ 134,784 $ 252,746 $ AD VALOREM TAXES 1,573 2,360 35,000 - - 66.7%0.0%35,000 SALES/BEVERAGE TAXES 57,580 361,319 373,835 32,145 58,800 15.9%15.7%315,035 INVESTMENT EARNINGS 157 790 65 436 973 19.9%1496.8%(908) MISCELLANEOUS INCOME 42,196 76,716 45,120 2,350 11,294 55.0%25.0%33,826 SURPLUS SALES/RENTALS 31,994 82,071 121,858 8,071 369,754 39.0%303.4%(247,896) TRANSFERS - - 29,719 - - 0.0%0.0%- TOTAL REVENUES 133,500 $ 523,257 $ 605,597 $ 43,001 $ 440,821 $ 25.5%72.8%135,057 $ SUPPLIES - - 2,100 - - #DIV/0!0.0%2,100 MAINTENANCE 6,257 44,464 25,112 59,559 83,617 14.1%333.0%(58,505) SUNDRY 70,823 201,042 213,667 10,350 52,741 35.2%24.7%160,926 DEBT 47,616 169,431 169,777 4,766 46,443 28.1%27.4%123,334 TRANSFERS 34,909 154,819 182,307 - 33,794 22.5%18.5%148,513 CAPITAL 1,274 14,621 - - 22,000 8.7%#DIV/0!(22,000) TOTAL EXPENDITURES 160,879 $ 584,377 $ 592,963 $ 74,675 $ 238,595 $ 27.5%40.2%354,368 $ REVENUES OVER EXPENDITURES (27,379)$ (61,120)$ 12,634 $ (31,674)$ 202,225 $ ENDING FUND BALANCE 286,487 $ 252,746 $ 147,418 $ 454,971 $ FUND BALANCE AS % OF EXP 178.1%43.3%24.9%0.0%190.7% RESERVE ($115,000) REQUIREMENT)-$ -$ 115,000 $ -$ -$ RESERVE SURPLUS/(SHORTFALL)286,487 $ 252,746 $ 32,418 $ -$ 454,971 $ REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 137 15: EDC4B FUND FY16-17 FY16-17 FY17-18 CURRENT FY17-18 % OF PY ACTUAL % OF CY BUDGET BUDGET CATEGORY YTD ACTUAL ADOPTED MONTH YTD USED USED REMAINING BEGINNING FUND BALANCE 164,460 $ 164,460 $ (15,517)$ 102,632 $ AD VALOREM TAXES 1,573 2,360 35,000 - - 66.7%0.0%35,000 SALES/BEVERAGE TAXES 57,580 361,319 373,835 32,145 58,800 15.9%15.7%315,035 INVESTMENT EARNINGS 25 82 65 298 551 30.0%847.5%(486) MISCELLANEOUS INCOME 42,196 76,716 45,120 2,350 11,294 55.0%25.0%33,826 SURPLUS SALES/RENTALS 31,994 82,071 121,858 8,071 369,754 39.0%303.4%(247,896) TOTAL REVENUES 133,367 $ 522,549 $ 575,878 $ 42,864 $ 440,399 $ 25.5%76.5%135,479 $ SUPPLIES - - 2,100 - - #DIV/0!0.0%2,100 MAINTENANCE 6,257 44,464 25,112 59,559 83,617 14.1%333.0%(58,505) SUNDRY 70,823 201,042 213,667 10,350 52,741 35.2%24.7%160,926 DEBT 47,616 169,431 169,777 4,766 46,443 28.1%27.4%123,334 TRANSFERS 34,909 154,819 152,588 - 33,794 22.5%22.1%118,794 CAPITAL 1,274 14,621 - - 22,000 8.7%#DIV/0!(22,000) TOTAL EXPENDITURES 160,879 $ 584,377 $ 563,244 $ 74,675 $ 238,595 $ 27.5%42.4%324,649 $ REVENUES OVER EXPENDITURES (27,512)$ (61,828)$ 12,634 $ (31,811)$ 201,803 $ ENDING FUND BALANCE 136,948 $ 102,632 $ (2,883)$ 304,435 $ FUND BALANCE AS % OF EXP 85.1%17.6%-0.5%0.0%127.6% RESERVE (NO REQUIREMENT)-$ -$ -$ -$ -$ RESERVE SURPLUS/(SHORTFALL)136,948 $ 102,632 $ (2,883)$ -$ 304,435 $ REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 138 15: EDC4B FUND FY16-17 FY16-17 FY17-18 CURRENT FY17-18 % OF PY ACTUAL % OF CY BUDGET BUDGET ACCOUNT ACCOUNT NAME YTD ACTUAL ADOPTED MONTH YTD USED USED REMAINING 4002-00-00 MMD TAX-CURRENT YEAR 1,573 2,360 35,000 - - 66.7%0.0%35,000 AD VALOREM TAXES 1,573 $ 2,360 $ 35,000 $ -$ -$ 66.7%0.0%35,000 $ 4081-00-00 SALES TAX 57,580 361,319 373,835 32,145 58,800 15.9%15.7%315,035 SALES/BEVERAGE TAXES 57,580 $ 361,319 $ 373,835 $ 32,145 $ 58,800 $ 15.9%15.7%315,035 $ 4401-00-00 INVESTMENT INCOME 25 82 65 298 551 30.0%847.5%(486) INVESTMENT EARNINGS 25 $ 82 $ 65 $ 298 $ 551 $ 30.0%847.5%(486)$ 4409-00-00 MISCELLANEOUS INCOME 42,196 76,716 45,120 2,350 11,294 55.0%25.0%33,826 MISCELLANEOUS INCOME 42,196 $ 76,716 $ 45,120 $ 2,350 $ 11,294 $ 55.0%25.0%33,826 $ 4805-00-00 RENTAL FEES-SHOPPING CENTER 31,753 81,710 121,112 8,071 20,575 38.9%17.0%100,537 4806-00-00 RENTAL INSURANCE 241 361 746 - - 66.7%0.0%746 4884-00-01 SALE OF ASSETS - - - - 349,179 #DIV/0!#DIV/0!(349,179) SURPLUS SALES/RENTALS 31,994 $ 82,071 $ 121,858 $ 8,071 $ 369,754 $ #D IV /0!#DIV/0!(247,896)$ TOTAL REVENUES 133,367 $ 522,549 $ 575,878 $ 42,864 $ 440,399 $ 25.5%76.5%135,479 $ TOTAL REVENUES (EXCLUDING INTEREST/TRANSFERS)133,343 $ 522,467 $ 575,813 $ 42,566 $ 439,848 $ 10% ADMIN CHARGE-GENERAL FUND 13,334 52,247 57,581 4,257 43,985 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 139 15: EDC4B FUND 01: ADMINISTRATION FY16-17 FY16-17 FY17-18 CURRENT FY17-18 % OF PY ACTUAL % OF CY BUDGET BUDGET ACCOUNT ACCOUNT NAME YTD ACTUAL ADOPTED MONTH YTD USED USED REMAINING 5240-01-00 PRINTED SUPPLIES - - 2,000 - - #DIV/0!0.0%2,000 5260-01-00 GENERAL OFFICE SUPPLIES - - 50 - - 0.0%0.0%50 5261-01-00 POSTAGE - - 50 - - 0.0%0.0%50 SUPPLIES -$ -$ 2,100 $ -$ -$ #DIV/0!0.0%2,100 $ 5501-01-00 ADVERTISING - 390 1,200 - - 0.0%0.0%1,200 5510-01-00 ASSOC DUES/PUBLICATIONS - 4,855 5,320 - - 0.0%0.0%5,320 5512-01-00 CONTRACTUAL SERVICES - 5525-01-00 TRAINING/SEMINARS - 175 250 - - 0.0%0.0%250 5565-01-00 LEGAL SERVICES 5,750 17,252 10,000 - 3,900 33.3%39.0%6,100 5567-01-00 AUDIT SERVICES - 2,250 2,250 - - 0.0%0.0%2,250 5570-01-00 SPECIAL SERVICES 34,615 81,145 68,650 - 5,700 42.7%8.3%62,950 5574-01-00 FILING FEES 40 40 - - 5578-01-00 TRAVEL - - 100 - - 0.0%0.0%100 5580-01-00 ENGINEERING SERVICES - 2,128 - - - 0.0%#DIV/0!- 5595-01-00 ADMIN CHARGE-GENERAL FUND 13,334 44,926 81,647 6,804 27,216 29.7%33.3%54,431 5615-01-00 FUNCTIONAL GRANT 4,278 17,137 24,000 1,987 3,799 25.0%15.8%20,201 SUNDRY 58,057 $ 170,298 $ 193,4 17 $ 8,791 $ 40,61 5 $ 34.1%21 .0%152,802 $ 5800-01-00 LAND 1,274 1,968 - - 22,000 64.7%0.0%(22,000) 5813-01-00 KENNEDALE ENTRANCE SIGN - - - - - 0.0%0.0%- 5820-01-00 BUILDING IMPROVEMENT - - - - - 0.0%0.0%- 5875-01-00 CONSTRUCTION - - - - - 0.0%0.0%- CAPITAL 1,274 $ 1,968 $ -$ -$ 22,000 $ 64.7%#D IV/0!(22,000)$ TOTAL EXPENDITURES 59,331 $ 172,266 $ 195,5 17 $ 8,791 $ 62,61 5 $ 34.4%32 .0%132,902 $ REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 140 15: EDC4B FUND 01: ADMINISTRATION 03: DEBT SERVICE FY16-17 FY16-17 FY17-18 CURRENT FY17-18 % OF PY BUDGET % OF CY BUDGET BUDGET ACCOUNT ACCOUNT NAME YTD ACTUAL ADOPTED MONTH YTD USED USED REMAINING 5643-01-03 2007 $1.2M TAX BOND-INTEREST 29,325 58,689 54,905 - 27,378 50.0%49.9%27,527 5644-01-03 2007 $1.2M TAX BOND-PRINCIPAL - 55,000 60,000 - - 0.0%0.0%60,000 5645-01-03 2011 $1.7M TX LEVERAGE-INT 5,456 15,879 14,278 928 5,431 34.4%38.0%8,847 5646-01-03 2011 $1.7M TX LEVERAGE-PRI 12,835 39,863 40,594 3,839 13,634 32.2%33.6%26,960 DEBT 47,616 $ 169,431 $ 169,7 77 $ 4,766 $ 46,44 3 $ 28.1%27 .4%123,334 $ 5702-01-03 TRANSFER OUT-DEBT SERVICE FUND 34,909 154,819 152,588 - 33,794 22.5%22.1%118,794 TRANSFER 34,909 $ 154,819 $ 152,5 88 $ -$ 33,794 $ 22.5%22 .1%118,794 $ TOTAL EXPENDITURES 82,525 $ 324,250 $ 322,3 65 $ 4,766 $ 80,23 7 $ 25.5%24 .9%242,128 $ REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 141 15: EDC4B FUND 02: TOWN SHOPPING CENTER FY16-17 FY16-17 FY17-18 CURRENT FY17-18 % OF PY ACTUAL % OF CY BUDGET BUDGET ACCOUNT ACCOUNT NAME YTD ACTUAL ADOPTED MONTH YTD USED USED REMAINING 5403-02-00 BUILDING MAINTENANCE 6,257 44,464 25,112 59,559 83,617 14.1%333.0%(58,505) MAINTENANCE 6,257 $ 44,464 $ 25,112 $ 59,559 $ 83,617 $ 14.1%333.0%(58,505)$ 5530-02-00 ELECTRIC SERVICES 1,795 5,924 6,700 909 1,645 30.3%24.6%5,055 5545-02-00 INSURANCE-PROPERTY 6,507 6,507 6,500 - 8,341 100.0%128.3%(1,841) 5570-02-00 SPECIAL SERVICES 4,464 18,312 7,050 650 2,141 24.4%30.4%4,909 SUNDRY 12,766 $ 30,744 $ 20,250 $ 1,559 $ 12,127 $ 41.5%59.9%8,123 $ TOTAL EXPENDITURES 19,023 $ 75,209 $ 45,362 $ 61,118 $ 95,744 $ 25.3%211.1%(50,382)$ REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 142 15: EDC4B FUND 03: TOWN CENTER REDEVELOPMENT FY16-17 FY16-17 FY17-18 CURRENT FY17-18 % OF PY ACTUAL % OF CY BUDGET BUDGET ACCOUNT ACCOUNT NAME YTD ACTUAL ADOPTED MONTH YTD USED USED REMAINING 5580-03-00 ENGINEERING SERVICES - 2,573 - - - 0.0%#DIV/0!- 5847-03-00 CONSTRUCTION - 10,080 - - - 0.0%#DIV/0!- CAPITAL -$ 12,653 $ -$ -$ -$ 0.0%#DIV /0!-$ TOTAL EXPENDITURES -$ 12,653 $ -$ -$ -$ 0.0%#DIV /0!-$ REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 143 15: EDC4B FUND 04: TEXAS LEVERAGE PROGRAM FY16-17 FY16-17 FY17-18 CURRENT FY17-18 % OF PY ACTUAL % OF CY BUDGET BUDGET ACCOUNT ACCOUNT NAME YTD ACTUAL ADOPTED MONTH YTD USED USED REMAINING 5800-04-00 LAND - - - - - #DIV/0!0.0%- CAPITAL -$ -$ -$ -$ -$ #DIV/0!0.0%-$ TOTAL EXPENDITURES -$ -$ -$ -$ -$ #DIV/0!0.0%-$ REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 144 19: EDC4B CAPITAL BOND FUND FY16-17 FY16-17 FY17-18 CURRENT FY17-18 % OF PY ACTUAL % OF CY BUDGET BUDGET CATEGORY YTD ACTUAL ADOPTED MONTH YTD USED USED REMAINING BEGINNING FUND BALANCE 29,444 $ 29,444 $ 29,719 $ 29,649 $ INVESTMENT EARNINGS 44 205 - 33 114 21.6%#DIV/0!(114) TOTAL REVENUES 44 $ 205 $ -$ 33 $ 114 $ 21.6%#DIV /0!(114)$ TRANSFERS - - 29,719 - - 0.0%0.0%- CAPITAL - - - - - 0.0%0.0%- TOTAL EXPENDITURES -$ -$ 29,719 $ -$ -$ 0.0%0.0%-$ REVENUES OVER EXPENDITURES 44 $ 205 $ (29,719)$ 33 $ 114 $ ENDING FUND BALANCE 29,488 $ 29,649 $ 0 $ 29,764 $ FUND BALANCE AS % OF EXP N/A N/A N/A N/A N/A RESERVE (NO REQUIREMENT)-$ -$ -$ -$ -$ RESERVE SURPLUS/(SHORTFALL)29,488 $ 29,649 $ 0 $ -$ 29,764 $ REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 145 19: EDC4B CAPITAL BOND FUND FY16-17 FY16-17 FY17-18 CURRENT FY17-18 % OF PY ACTUAL % OF CY BUDGET BUDGET ACCOUNT ACCOUNT NAME YTD ACTUAL ADOPTED MONTH YTD USED USED REMAINING 4401-00-00 INVESTMENT INCOME 44 205 - 33 114 21.6%#DIV/0!(114) INVESTMENT EARNINGS 44 $ 205 $ -$ 33 $ 114 $ 21.6%#DI V/0!(114)$ TOTAL REVENUES 44 $ 205 $ -$ 33 $ 114 $ 21.6%#DI V/0!(114)$ 19: EDC4B CAPITAL BOND FUND 01: TOWN CENTER REDEVELOPMENT FY16-17 FY16-17 FY17-18 CURRENT FY17-18 % OF PY ACTUAL % OF CY BUDGET BUDGET ACCOUNT ACCOUNT NAME YTD ACTUAL ADOPTED MONTH YTD USED USED REMAINING 5580-01-00 TRANSFER OUT - - - - - 0.0%0.0%- TRANSFERS -$ -$ -$ -$ -$ 0.0%0.0%-$ 5800-01-00 LAND - - - - - 0.0%0.0%- 5847-01-00 CONSTRUCTION - - - - - 0.0%0.0%- CAPITAL -$ -$ -$ -$ -$ 0.0%0.0%-$ TOTAL EXPENDITURES -$ -$ -$ -$ -$ 0.0%0.0%-$ REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 146 95: EDC4B RESERVE FUND FY16-17 FY16-17 FY17-18 CURRENT FY17-18 % OF PY ACTUAL % OF CY BUDGET BUDGET CATEGORY YTD ACTUAL ADOPTED MONTH YTD USED USED REMAINING BEGINNING FUND BALANCE 119,962 $ 119,962 $ 120,582 $ 120,464 $ INVESTMENT EARNINGS 88 502 - 104 308 17.5%#DIV/0!(308) TOTAL REVENUES 88 $ 502 $ -$ 104 $ 308 $ 17.5%#DIV /0!(308)$ TOTAL EXPENDITURES -$ -$ -$ -$ -$ 0.0%0.0%-$ REVENUES OVER EXPENDITURES 88 $ 502 $ -$ 104 $ 308 $ ENDING FUND BALANCE 120,050 $ 120,464 $ 120,582 $ 120,772 $ FUND BALANCE AS % OF EXP N/A N/A N/A N/A N/A RESERVE ($112,606 REQUIREMENT)112,606 $ 112,606 $ 112,606 $ 112,606 $ 112,606 $ RESERVE SURPLUS/(SHORTFALL)7,444 $ 7,858 $ 7,976 $ (112,606)$ 8,166 $ REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 147 95: EDC4B RESERVE FUND FY16-17 FY16-17 FY17-18 CURRENT FY17-18 % OF PY BUDGET % OF CY BUDGET BUDGET ACCOUNT ACCOUNT NAME YTD ACTUAL ADOPTED MONTH YTD USED USED REMAINING 4401-00-00 INVESTMENT INCOME 88 502 - 104 308 17.5%#DIV/0!(308) INVESTMENT EARNINGS 88 $ 502 $ -$ 104 $ 30 8 $ 17.5%#DI V/0!(308)$ TOTAL REVENUES 88 $ 502 $ -$ 104 $ 30 8 $ 17.5%#DI V/0!(308)$ 95: EDC4B RESERVE FUND FY16-17 FY16-17 FY17-18 CURRENT FY17-18 % OF PY BUDGET % OF CY BUDGET BUDGET ACCOUNT ACCOUNT NAME YTD ACTUAL ADOPTED MONTH YTD USED USED REMAINING TRANSFERS -$ -$ -$ -$ -$ 0.0%0.0%-$ TOTAL EXPENDITURES -$ -$ -$ -$ -$ 0.0%0.0%-$ REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 148 Year October November December January February March April May June July August September Total FY2018 34,607 $ 38,169 $ 28,985 $ 31,808 $ -$ -$ -$ -$ -$ -$ -$ -$ 133,569 $ FY2017 29,583 $ 38,719 $ 27,285 $ 29,652 $ 35,265 $ 26,215 $ 29,043 $ 33,374 $ 26,747 $ 33,648 $ 16,530 $ 28,850 $ 354,908 $ FY2016 31,046 $ 39,712 $ 32,662 $ 25,293 $ 38,669 $ 29,196 $ 26,505 $ 38,181 $ 27,906 $ 28,195 $ 29,231 $ 30,459 $ 377,055 $ FY2015 23,985 $ 31,479 $ 27,515 $ 24,594 $ 35,857 $ 24,104 $ 27,064 $ 39,783 $ 42,821 $ 55,252 $ 48,766 $ 59,232 $ 440,453 $ FY2014 21,990 $ 29,867 $ 31,661 $ 22,458 $ 32,594 $ 23,228 $ 26,412 $ 31,319 $ 25,832 $ 23,976 $ 28,866 $ 22,659 $ 320,861 $ FY2013 33,617 $ 31,297 $ 23,446 $ 20,135 $ 30,003 $ 20,791 $ 20,318 $ 32,020 $ 21,136 $ 22,435 $ 27,973 $ 26,025 $ 309,197 $ F Y 2012 31,540 $ 37,196 $ 38,349 $ 29,926 $ 30,992 $ 24,484 $ 37,230 $ 41,230 $ 24,369 $ 40,830 $ 26,679 $ 27,612 $ 390,438 $ *Net payment after correcting an audit error. Payment would have been $~34K -$ Industry Amount % Change Adjusted Chang YTD FYTD Retail $8,573.00 0.36%-9.34%$8,573.00 $31,274.59 Wholesale $7,005.54 50.29%2.85%$7,005.54 $26,044.02 General Services $6,548.69 51.89%0.05%$6,548.69 $32,528.96 Professional Services $5,139.28 -36.97%-9.78%$5,139.28 $21,476.50 Food $2,883.96 52.74%4.31%$2,883.96 $11,136.26 Manufacturing $2,113.32 48.05%-70.61%$2,113.32 $7,448.26 Agricultural $94.12 -44.09%-12.98%$94.12 $3,333.94 Miscellaneous $47.31 -2.72%-0.24%$47.31 $314.34 Accomodation $0.00 -100.00%0.00%$0.00 $0.00 Sales Tax By Month 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000 October November December January February March April May June July August September Sales Tax vs Expectation FY 2018 Five Year Average REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 149 Staff Report to the Honorable Mayor and City Council Date: March 19, 2018 Agenda Item No: REQUIRED APPROVAL ITEMS (CONSENT) - A. I. Subject: Consider approval of minutes from February 15, 2018 regular meeting II. Originated by: Leslie Galloway, City Secretary & Communications Coordinator III. Summary: Please see the attached minutes for your approval. IV. Fiscal Impact Summary: V. Legal Impact: VI. Recommendation: Approve VII. Alternative Actions: VIII. Attachments: 1.2018_02.15_Minutes_City Council Regular Meeting_DRAFT_WM 2018_02.15_Minutes_City Council Regular Meeting_DRAFT_WM.pdf REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 150 Page 1 of 5 CITY COUNCIL MINUTES | FEBRUARY 15, 2018 KENNEDALE CITY COUNC IL MINUTES REGULAR MEETING | February 15, 2018 CITY HALL COUNCIL CHAMBERS, 405 MUNICIPAL DRIVE WORK SESSION - 5:00 PM | REGULAR SESSION - 7:00 PM I. CALL TO ORDER Mayor Pro Tem Jan Joplin called the meeting to order at 5:1 2 p.m. Mayor Brian Johnson arrived at 5:25 p.m. II. WORK SESSION A. Hold interviews of candidates for appointment to City Boards and Commissions At this time, City Council interviewed Jadey James in the Jury R o om . B. Discussion of items on Regular Session There was no discussion at this time. C. Hold a discussion and provide staff direction regarding the development of a policy for the calling of Special Meetings of the City Council and for the identification of items to be included on the Council's Agenda for future consideration City Manager George Campbell asked for direction from Council so that a policy could be drafted . C i ty Attorney Wayne Olson s t ated that the Charter provide s t hat a Special Meeting may be called at the request of three Councilmembers , but that because three members constitutes a quorum, Council m ust be careful to operate in such a way a s to avoid violation s of the Open Meetings Act . H e suggested a dopting a policy so that, i n time -sensitive situations , Council would have an avenue for calling a Special Meeting outside of discussion during a posted open meeting . After lengthy discussion , Council requested that Olson draft a policy regarding the calling of Special Meetings and the placement of items on the agenda to be presented to Council at the Monday, March 5 Special Meeting . D. Discussion of budget amendme nts Mayor Pro Tem Jan Joplin stated that she requested this item because during the budget process, t here was consideration of cutting several line items that ended up being included in the budget. She requested individual discussion of her proposed cuts and potential adjustments to Fire Department salaries. Council requested that this discussion of specific line item cuts be placed on the next agenda. E. Discussion of water/sewer rate review/reduction Councilmember Gilley stated that he believed the Water & Sewer Fund is now health i er than the last time Council had considered an adjustment in Summer 2017, and asked DR A F T UN T I L AP P R O V E D BY CO U N C I L REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 151 Page 2 of 5 CITY COUNCIL MINUTES | FEBRUARY 15, 2018 that discussion of the health of the Water & Sewer Fund and what effect rate adjustments might have on that fund be placed on an upcoming agenda. F. Discussion of Charter amendments C ouncil discussed the possibility of term limits , single -member districts, and caps on water and wastewater rate increase percentages. Mayor Johnson asked that Council forward their nominations for three members for a Charter Review Committee, which would include himself and Councilmembers Gilley and Lee, with the goal of having proposed Charter amendments on either the November 2018 or May 2019 ballot. G. Discussion of Purchasing Matrix Amendment Finance Director Brady Olsen stated that he had surveyed o ther cities, focusing on those in the region and/or of a similar population . City Manager Campbell pointed out the restrictiveness o f limit ing s taff ’s power to $10,000 without requiring Council approval . Finance Director Brady Olsen was directed to prepare an updated purchasing matrix and further comparison data for the next meeting. Council recessed at 6:43 p.m., until the R egular S ession . III. REGULAR SESSION Mayor Johnson opened the Regular Session at 7:05 p.m. IV. ROLL CALL Present: Mayor Johnson (arrived at 5:25 p.m.); Mayor Pro Tem Joplin, Place 5; Rockie Gilley, Place 1; Liz Carrington, Place 2; Sandra Lee, Place 3; and Kelly Turner, Place 4. Absent: None Staff: City Manager George Campbell, City Secretary and Communications Coordinator Leslie Galloway, Finance Director Brady Olsen, Fire Chief Mike McMurray, Police Chief Tommy Williams, Public Works Director Larry Ledbetter, Public Works Superintendent Larry Hoover, Library Director Amanda King, City Attorney Wayne Olson V. INVOCATION Mayor Pro Tem Jan Joplin provided the invocation . VI. UNITED STATES PLEDGE AND TEXAS PLEDGE VII. VISITOR/CITIZENS FORUM N o one r equested to speak . VIII. REPORTS/ANNOUNCEMENTS A. Updates from the City Council Councilmember Gilley stated that he spent some time r esearching the initiative sponsored by Governor Greg Ab b ott to give citizens the ability to cap property tax rates. Councilmember Lee thanked the Mayor for inviting her to the Mayor ’s Council and some other upcoming events. S h e added that she had spent some time visiting with the NAACP and her attorney. M ayor Pro Tem Joplin stated that the last Council meeting was adjourned early DR A F T UN T I L AP P R O V E D BY CO U N C I L REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 152 Page 3 of 5 CITY COUNCIL MINUTES | FEBRUARY 15, 2018 because, in her opinion, the agenda was not chronological , and that she had since contracted outside counsel to negotiate agenda items f or a Special Meeting and was appreciative that th o se requested items were on tonight ’s agenda. She stated that she attended the Parks & Recreation Board and P lanning and Zoning Commission meeting and learned about several upcoming events and po tential developments in the City, and met with the President of the Kennedale Professional Firefighters Association an d dis cussed turnover and the desire for a salary step plan . C o uncilmember Turner stated that he had attended several meetings of the Tarrant County Emergency Preparedness Planning Committee and about $1.8 Million w ould soon be allotted to this area (16 counties) for i tems including night vision goggles, bomb team training and resources, traffic direction devices , and communication equipment . B. Updates from the City Manager City Manager George Campbell stated that water contract discussions with the City of Arlington were ongoing , t he site tour was complete, a n agreement w a s being drafted , and plans to repair the water tower had been put on hold as it may not be necessary , depending on negotiations . He added that preliminary discussions had begun with Arlington regarding improvements to Sublett R oad and the bridge near the new K roger (at 287), but that , if these talks proved successful, it would be a m ulti -year process. C. Updates from the Mayor Mayor Johnson stated that Theatre in the Park w as rehearsing, with a play scheduled for late April ; T arrant County College and the Kennedale Historical S o ciety are partnerin g for monthly history lectures at the Kennedale Library ; he r ecently spoke to Dr. All a n Saxe ’s class at UTA; he w as appointed as chair of “Partners in Hope ” a One Safe Place committee aimed at engag i ng the public in conversations about domestic violence; he attended the Tarrant Regional Transportation Coalition (TRTC) m eeting where mass transit and infrastructure needs were discussed ; h e attended the Mayor ’s C o uncil where homelessness , child advocacy , and flu season were the focus ; on February 22, the Mayor ’s Council will discuss distribution of CDBG funding ; he attended the Southeast Tarrant Transportation Partnership (SETTP ) meeting and encouraged the public to be en gaged in the discussion about the redesign of the I -20/820/287 interchange ; and he is running a marathon with Burleson Mayor Ken Shetter to raise funds to send children to Camp Hope through One Safe Place . IX. MONITORING INFORMATION A. Monthly Financials – Jan uary 2018 There was no discussion at this time. B. Schedule of Investment Activity for quarter ending December 31, 2017 There was no discussion at this time. X. INCIDENTAL ITEMS XI. REQUIRED APPROVAL ITEMS (CONSENT) DR A F T UN T I L AP P R O V E D BY CO U N C I L REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 153 Page 4 of 5 CITY COUNCIL MINUTES | FEBRUARY 15, 2018 A. Consider approval of minutes from January 12, 2018 regular meeting B. Consider adopting Resolution 518 for a grant application to the Justice Assistance Grant (JAG) Program for rifle -resistant body armor C. 2017 Rac ial Profiling Report from the Police Department Motion To A pprove all required approval items on consent agenda , except item B (Resolution 518). Action Approve, Moved By Turner, Seconded By Carrington . Motion passed Unanimously. In response to Councilmember Lee ’s question, Police Chief Tommy Williams confirmed that t h ere were no matching funds required from the City. Motion To A pprove a doption of Resolution 518 . Action Approve, Moved By Turner, Seconded By L ee . Motion passed Unanimously. XII. DECISION ITEMS A. Presentation by City Secretary of Certifications of Citizens Petitions for recall under Article XI of the City Charter C i ty Secretary Leslie Galloway certified to Council that two separate recall petitions were filed b y John Clark on Monday, January 8, 2018 – one regarding Sandra Lee, Place 3 (contain i ng 501 signatures, of which at least 425 were verified as adequate and complete ); and one regarding Jan Joplin, Place 5 (contain ing 498 signat ures, of which at least 421 were verified as adequate and complete ). She added that this was a sufficient number of verified signatures on each , and that the Charter directs the City Council t o call a Special Election to determine whether the s e two Councilmembers shall be recalled. She added that t he next Special Election date that meets the requirements of the charter and state law is Saturday, May 5, 2018 . City Attorney Wayne Olson stated that it was the City Secretary ’s duty to certify the petition and that the Charter r equires the City Council , after that c ertification, to vote to hold a recall election. Mayor Pro Tem Joplin stated her opinion t hat those circulating the petitions had misrepresented the facts to signers. B. Consider approval of Resolution 516, calling a Special Election for May 5, 2018, pursuant to Article XI of the City Charter Motion To A pprove a doption of Resolution 51 6 . Action Approve, Moved By Turner, Seconded By Carrington . Motion passed 4 -0, with Joplin abstaining . C. Consider approval of Resolution 517, calling the General Election for May 5, 2018 Motion To A pprove a doption of Resolution 51 7 . Action Approve, Moved By L ee , Seconded By T urner . Motion passed Unanimously. D. Discuss and consider scheduling a Special Session of the City Council Mayor Johnson stated that there had been a lengthy discussion during the Work DR A F T UN T I L AP P R O V E D BY CO U N C I L REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 154 Page 5 of 5 CITY COUNCIL MINUTES | FEBRUARY 15, 2018 Session and that there would be a Resolution estab lishing a policy for calling Special Meetings and placing items on the agenda at an upcoming meeting. C ity Council decided to hold a Special Meeting on Monday, March 5, to further discuss several items from tonight ’s Work Session , including budget amendments, a policy for calling special meetings and placing items on the agenda, and the purchasing policy . Councilmember Gilley also asked that, going forward, Economic Development Corporation (EDC) financial and activi ty reports be a dded to C o uncil agendas. E. Consider making appointments to various Advisory Boards and Commissions including: the Economic Development Corporation Board, Parks and Recreation Board, Board of Adjustment/Building Board of Appeals, and Planning and Zoning C ommission Motion to A pprove the appointments of Stan Seat to the Economic Development Corporation (EDC) Place 1; Ralph Grimes to EDC Place 5; C o uncilmember Sandra Lee to EDC Place 7 ; Josh Hayes to the Parks & Recreation Board Place 6 ; Jadey James to the Planning & Z o ning Commission Place 6 ; t o move Josh Altom to Place 2 o f the Board of Adjustments/Building Board of Appeals, leaving Place 8 vacant . Action Approve, Moved By G illey , Seconded By Mayor P r o Tem Joplin . Motion passed Unanimously. F. Consider appointment of Chair and Vice Chair of the Planning and Zoning Commission Council asked that the Planning & Z o ning C o mmission membership forward a recommendation for Chair and V i ce Chair. G. Consider appointment of Chair and Vice Chair of the Board of Adjustment/Building Board of Appeals Council asked that the Board of Adjustment/Building Board of Appeals membership forward a recommendation for Chair and V i ce Chair. XIII. EXECUTIVE SESSION C ouncil did not meet in Executive Session. XIV. RECONVENE INTO OPEN SESSION, AND TAKE ACTION NECESSARY PURSUANT TO EXECUTIVE SESSION, IF NEEDED XV. ADJOURNMENT Mayor Johnson adjourned the meeting at 7:51 p.m. APPROVED: ATTEST: BRIAN JOHNSON, MAYOR LESLIE GALLOWAY, CITY SECRETARY DR A F T UN T I L AP P R O V E D BY CO U N C I L REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 155 Staff Report to the Honorable Mayor and City Council Date: March 19, 2018 Agenda Item No: REQUIRED APPROVAL ITEMS (CONSENT) - B. I. Subject: Consider approval of minutes from March 5, 2018 special meeting II. Originated by: Leslie Galloway, City Secretary & Communications Coordinator III. Summary: Please see the attached minutes for your approval. IV. Fiscal Impact Summary: V. Legal Impact: VI. Recommendation: Approve VII. Alternative Actions: VIII. Attachments: 1.2018_03.05_Minutes_City Council Special Meeting_DRAFT_WM 2018_03.05_Minutes_City Council Special Meeting_DRAFT_WM.pdf REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 156 Page 1 of 3 CITY COUNCIL MINUTES | MARCH 5, 2018 SPECIAL MEETING KENNEDALE CITY COUNCIL MINUTES SPECIAL MEETING | March 5, 2018 CITY HALL COUNCIL CHAMBERS, 405 MUNICIPAL DRIVE WORK SESSION - 6:30 PM | REGULAR SESSION - 7:00 PM I. CALL TO ORDER Mayor Brian Johnson called the meeting to order at 6:34 p.m. II. WORK SESSION A. Discuss and provide staff direction regarding the Fiscal YTD 2018 Budget Analysis and potential amendments to the FY2018 Adopted Budget Finance Director Brady Olsen provided a n overview of the fund accounting system that the City of Kennedale’s budget is based on, with related revenue and expenses grouped . He added that budget amendments were typically done when revenue or expenditures do not match projections, offering the revenue example of the FY18 Budget including the assumption of the $0.50 increase in Stormwater Drainage Fees, which was not approved by Council ; and the expenditure examples of unexpected legal fees and staff turnover. Mayor Pro Tem Joplin stated that she felt a pay increase for the Fire Department was needed and that she would propose a budget amendment for that purpose in an attempt to solve the staffing problems. City Manager George Campbell noted that the preliminary results of the salar y and climate survey that he was assessing for both Police and Fire showed that the salary disparity (in comparison to “market value”) was actually greater in the Police Department (which has not suffered nearly as many staffing issues) than in the Fire De partment, indicating that salary adjustments alone might not remedy the turnover issue, and further information was needed before making those decisions. Public Works Director Larry Ledbetter answered questions regarding the reductions that staff continues to make in I&I (Inflow and Infiltration) in the wastewater system, and how that reduce s treatment costs. He also discussed the proposed 44 th Annual CDBG Project, involving replacing the sewer line on Danny Drive, and stated that it would be prese nted to Council at their next meeting , but that the funding would be in the FY19 budget . Olsen provided a summary o f current fund balances and stated that there were no departments that were clear outliers regarding spending projections, but that the wate r and sewer fund had spent a higher percentage than at this point last FY. He added that responses to Mayor Pro Tem Joplin’s suggestions were in the packet in memo form. Joplin stated that she felt there were several items included in the Adopted Budget th at should not be purchased. City Manager Campbell stated that staff could simply take direction from Council on those smaller items rather than formally amending the budget. He added that the fund overspending triggers an amendment ; and if transfers need t o be DR A F T UN T I L AP P R O V E D BY CO U N C I L REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 157 Page 2 of 3 CITY COUNCIL MINUTES | MARCH 5, 2018 SPECIAL MEETING made between funds, that Council action w ould be required . Councilmember Gilley stated that his focus was to avoid a deficit budget year. Council directed staff to add discussion of the proposed issuance of the ~$4 Million Certificate of Obligation and the related projects to a future agenda. Councilmember Gilley stated his desire to see Economic Development Corporation (EDC) financial and activity reports as standing items on upcoming City Council agendas. After some discussion of travel spending, Mayor Johnson noted that he had noted the Council’s will to cut travel costs, but still felt NLC was an important resource, and would be spending his own money to attend this year. Olson took the opportunity to applaud Department Heads for their focused e fforts on cutting costs in this budget cycle. B. Discuss and provide staff direction regarding revenues and expenses of the Water Fund for FY2018 and potential amendments to the Water and Wastewater Rate Schedules Finance Director Brady Olsen stated that he had contacted the Public Utility Commission (PUC) to receive a free rate study through the TRWA (Texas Rural Water Association), and that after receiving that report, staff would have better information to provide projections on rate adjustm ents’ potential effects on the Water and Sewer Fund. III. REGULAR SESSION Mayor Johnson opened the regular session at 7:38 p.m. IV. ROLL CALL Present: Mayor Johnson; Mayor Pro Tem Joplin, Place 5; Rockie Gilley, Place 1; Sandra Lee, Place 3; and Kelly Turner, Place 4. Absent: Liz Carrington, Place 2 Staff: City Manager George Campbell, City Secretary and Communications Coordinator Leslie Galloway, Finance Director Brady Olsen, HR/EDC Director Danielle Clarke, Fire Chief Mi ke McMurray, Police Chief Tommy Williams, Police Captain Darrell Hull, and Public Works Director Larry Ledbetter , City Attorney Wayne Olson V. DECISION ITEMS A. Consider adoption of Resolution 519, adopting a policy for the calling of Special Meetings of the City Council and for the placement of items on the Council's Regular Agenda Council directed City Attorney Wayne Olson to revise Resolution 519 to reflect tonight’s discussion. Motion To Postpone consideration of Resolution 519 to the March 19, 2018 Regular Meeting. Motion passed Unanimously B. Consider adoption of Resolution 520, adopting an amended City of Kennedale Purchasing Policy Finance Director Brady Olson stated that the City had maintained a purchasing policy since 2005, and the current City Manager cap was set at the state -prescribed maximum of DR A F T UN T I L AP P R O V E D BY CO U N C I L REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 158 Page 3 of 3 CITY COUNCIL MINUTES | MARCH 5, 2018 SPECIAL MEETING $50,000, but that Mayor Pro Tem Joplin had proposed a limit of $10,000 instead. Ols e n added that he would recommend adopting the current Purchasing Policy, unchanged, n oting that the Cities of Burleson and Crowley do offer a lower limit of $25,000, but that he was not aware of a comparable city with a limit as low as $10,000 . After some discussion, Council agreed to amend the Purchasing Policy (Appendix A) to limit the a mount the City Manager could authorize spending without City Council approval to $25,000. Motion To Approve adoption of Resolution 520, adopting an amended City of Kennedale Purchasing Policy, reducing the City Manager’s purchasing limit to $25,000 in the matrix shown in Appendix A of the policy . Action A pprove , Moved By Jan Joplin , Seconded By Rockie Gilley . Motion passed Unanimously VI . EXECUTIVE SESSION Council did not meet in Executive Session. VII. RECONVENE INTO OPEN SESSION, AND TAKE ACTION NECESSARY PURSUANT TO EXECUTIVE SESSION, IF NEEDED VIII. ADJOURNMENT Motion To A djourn. Action Adjourn, Moved By Jan Joplin , Seconded By Sandra Lee . Motion passed Unanimously Mayor Johnson adjourned the meeting at 8:05 p.m. APPROVED: ATTEST: BRIAN JOHNSON, MAYOR LESLIE GALLOWAY, CITY SECRETARY DR A F T UN T I L AP P R O V E D BY CO U N C I L REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 159 Staff Report to the Honorable Mayor and City Council Date: March 19, 2018 Agenda Item No: REQUIRED APPROVAL ITEMS (CONSENT) - C. I. Subject: Consider approval of Ordinance 641, approving a tariff authorizing an annual Rate Review Mechanism (“RRM”) as a substitution for the annual interim rate adjustment process defined by section 104.301 of the Texas Utilities Code, and as negotiated between Atmos Energy and the Steering Committee of Cities Served by Atmos II. Originated by: III. Summary: BACKGROUND AND SUMMARY The City, along with 171 other Mid-Texas Cities served by Atmos Energy Corporation, Mid-Tex Division (“Atmos Mid-Tex” or “Company”), is a member of the Steering Committee of Cities Served by Atmos (“Cities”). In 2007, the Cities and Atmos Mid-Tex settled a rate application filed by the Company pursuant to Section 104.301 of the Texas Utilities Code for an interim rate adjustment commonly referred to as a GRIP filing (arising out of the Gas Reliability Infrastructure Program legislation). That settlement created a substitute rate review process, referred to as Rate Review Mechanism (“RRM”), as a substitute for future filings under the GRIP statute. Since 2007, there have been several modifications to the original RRM Tariff. The Ordinance that resolved the Company’s application under the RRM Tariff in 2017 also terminated the existing RRM Tariff and required a renegotiation of the terms of that tariff. Negotiations have taken place over the past several months, and have resulted in a revised RRM Tariff that has been agreed to by the Company. The Cities’ Executive Committee has recommended acceptance of the revised RRM Tariff, which is attached to the Ordinance. CITIES’ OBJECTION TO THE SECTION 104.301 GRIP PROCESS Cities strongly opposed the GRIP process because it constitutes piecemeal rate-making by ignoring declining expenses and increasing revenues and rewarding the Company for increasing capital investment. The GRIP process does not allow any review of the reasonableness of capital investment and does not allow cities to participate in the Railroad Commission’s review of annual GRIP filings or recover their rate case expenses. The Railroad Commission undertakes a mere administrative review of GRIP filings (instead of a full hearing) and rate increases go into effect without any material adjustments. In the Steering Committee’s view, the GRIP process unfairly raises customers’ rates without any regulatory oversight. In contrast, the RRM process has allowed for a more comprehensive rate review and annual evaluation of expenses and revenues, as well as capital investment. CHANGES TO THE RRM TARIFF The RRM Tariff on which the 2017 rates were based allowed a rate of return on equity of 10.50%. The revised RRM Tariff reduces that to 9.8%. The revised RRM Tariff also captures the reduction in federal income tax rates from 35% to 21%, and should result in a rate reduction effective by mid-March, 2018. Prior RRM tariffs allowed Cities only three months to review the Company’s filing. The new revised Tariff expands that time period by two months. New applications by the Company should be made on or about April 1 of each year, with new rates effective October 1. A rate order from the Railroad Commission in an REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 160 Atmos Texas Pipeline rate case adopted the position of Cities with regard to incentive compensation related to Atmos’ Shared Services Unit that reduced allowed expenses, and that reduced level of expenses will be applicable under the new RRM Tariff. EXPLANATION OF “BE IT ORDAINED” PARAGRAPHS 1. This section approves all findings in the Ordinance. 2. This section adopts the attached RRM Tariff and finds the adoption of the Tariff to be just, reasonable, and in the public interest. The prior tariff expired by its own terms. 3. This section requires the Company to reimburse the City for expenses associated with adoption of the Ordinance and RRM Tariff and in processing future applications pursuant to the Ordinance. 4. This section repeals any resolution or ordinance that is inconsistent with this Ordinance. 5. This section finds that the meeting was conducted in compliance with the Texas Open Meetings Act, Texas Government Code, Chapter 551. 6. This section is a savings clause, which provides that if any section is later found to be unconstitutional or invalid, that finding shall not affect, impair, or invalidate the remaining provisions of this Ordinance. This section further directs that the remaining provisions of the Ordinance are to be interpreted as if the offending section or clause never existed. 7. This section provides for an effective date upon passage. 8. This section directs that a copy of the signed Ordinance be sent to a representative of the Company and legal counsel for the Steering Committee. IV. Fiscal Impact Summary: V. Legal Impact: VI. Recommendation: VII. Alternative Actions: VIII. Attachments: 1.Ordinance 641_ATMOS RRM Ordinance 641_ATMOS RRM.pdf 2.Mid-Tex RRM Tariff Information Mid-Tex RRM Tariff.pdf 3.ASCS Cities Exhibit A to RRM Tariff_Ver2.pdf REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 161 Page 1 of 3 O6 39 CITY OF KENNEDALE, TX 2017 ORDINANCE NO. 641 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF KENNEDALE, TEXAS, APPROVING A TARIFF AUTHORIZING AN ANNUAL RATE REVIEW MECHANISM (“RRM”) AS A SUBSTITUTION FOR THE ANNUAL INTERIM RATE ADJUSTMENT PROCESS DEFINED BY SECTION 104.301 OF THE TEXAS UTILITIES CODE, AND AS NEGOTIATED BETWEEN ATMOS ENERGY CORP., MID-TEX DIVISION (“ATMOS MID -TEX” OR “COMPANY”) AND THE STEERING COMMITTEE OF CITIES SERVED BY ATMOS; REQUIRING THE COMPANY TO REIMBURSE CITIES’ REASONABLE RATEMAKING EXPENSES; ADOPTING A SAVINGS CLAUSE; DETERMINING THAT THIS ORDINANCE WAS PASSED IN ACCORDANCE WITH THE REQUIREMENTS OF THE OPEN MEETINGS ACT; DECLARING AN EFFECTIVE DATE; AND REQUIRING DELIVERY OF THIS ORDINANCE TO THE COMPANY AND LEGAL COUNSEL FOR THE STEERING COMMITTEE. WHEREAS, the City of Kennedale , Texas (“City”) is a gas utility customer of Atmos Energy Corp., Mid-Tex Division (“Atmos Mid-Tex ” or “Company”), and a regulatory authority with an interest in the rates and charges of Atmos Mid-Tex ; and WHEREAS, the City and similarly-situated Mid-Tex municipalities created the Steering Committee of Cities Served by Atmos to efficiently address all rate and service matters associated with delivery of natural gas; and WHEREAS, the Steering Committee formed an Executive Committee to direct legal counsel and to recommend certain specific actions to all aligned Mid-Tex Cities through resolution or ordinance; and WHEREAS, pu rsuant to the terms of a November 2007 agreement between the Steering Committee and Atmos Mid-Tex that settled the Company’s interim rate filing under Section 104.301 of the Texas Utilities Code (a “GRIP” rate case), the Steering Committee and the Company collaboratively developed a Rate Review Mechanism (“RRM”) Tariff, ultimately authorized by the City in 2008, that allows for an expedited rate review process as a substitute for the GRIP process; and WHEREAS, the City has kept some form of a RRM Tariff in place until 2017 when it adopted an ordinance approving an RRM Tariff filing settlement and specifically calling for termination of the existing RRM Tariff and negotiation of a replacement RRM T ariff following the Railroad Commission’s decision in a then -pending Atmos Texas Pipeline case (GUD No. 10580); and WHEREAS, the Steering Committee’s Executive Committee has recently approved a settlement with the Company on the attached RRM Tariff that contains certain notable improvements, from a consumer perspective, over the prior RRM Tariff, REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 162 Page 2 of 3 O6 39 CITY OF KENNEDALE, TX 2017 including a reduced rate of return on equity, acceptance of certain expense adjustments made by the Railroad Commission in the Order in GUD No. 10580, and the addition of two months to the time for processing a RRM Tariff ap plication; and WHEREAS, the RRM T ariff contemplates reimbursement of Cities’ reasonable expenses associated with RRM Tariff applications; and WHEREAS, the Steering Committee’s Executive Committee recommends that all Steering Committee member cities adopt this ordinance and the attached RRM Tariff; and WHEREAS, the attached RRM Tariff is just, reasonable and in the public interest, NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF KENNEDALE, TEXAS, THAT: SECTION 1. That the findings set forth in this Ordinance are hereby in all things approved. SECTION 2. That the attached RRM T ariff re-establishing a form of Rate Review Mechanism is just and reasonable and in the public interest, and is hereby adopted. SECTION 3. That Atmos Mid-Tex shall reimburse the Cities ’ reasonable expenses associated with adoption of this Ordinance and the attached RRM Tariff and in processing future RRM Tariff applications filed pursuant to the attached tariff. SECTION 4. That to the extent any resolution or ordinance previously adopted by the City is inconsistent with this Ordinance, it is hereby repealed. SECTION 5. That the meeting at which this Ordinance was approved was in all things conducted in strict compliance with the Texas Open Meetings Act, Texas Government Code, Chapter 551. SECTION 6. That if any one or more sections or clauses of this Ordinance is adjudged to be unconstitutional or invalid, such judgment shall not affect, impair or invalidate the remaining provisions of this Ordinance , and the remaining provisions of this Ordinance shall be interpreted as if the offending section or clause never existed. SECTION 7. That this Ordinance shall become effective from and after its passage. SECTION 8. That a copy of this Ordinance shall be sent to Atmos Mid-Tex , care of Chris Felan, Vice President of Rates and Regulatory Affairs, Atmos Energy Corporation, Mid-Tex Division, 5420 LBJ Freeway, Suite 1862, Dallas, Texas 75240 , REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 163 Page 3 of 3 O6 39 CITY OF KENNEDALE, TX 2017 and to Geoffrey Gay, General Counsel to Mid-Tex Cities, at Lloyd Gosselink Rochelle & Townsend, P.C., 816 Congress Avenue, Suite 1900, Austin, Texas 78701. DULY PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF KENNEDALE, TEXAS, ON THE 19 th DAY OF MARCH, 2018. APPROVED: ______________________________ MAYOR, BRIAN JOHNSON ATTEST: ______________________________ CITY SECRETARY, LESLIE GALLOWAY APPROVED AS TO FORM AND LEGALITY: ______________________________ CITY ATTORNEY, WAYNE OLSON REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 164 ATMOS ENERGY CORPORATION MID-TEX DIVISION RATE SCHEDULE: RRM – Rate Review Mechanism APPLICABLE TO: ALL CITIES IN THE MID-TEX DIVISION AS IDENTIFIED IN EXHIBIT A TO THIS RATE SCHEDULE EFFECTIVE DATE:Bills Rendered on and after 04/01/2018 PAGE: 1 I. Applicability Applicable to Residential, Commercial, Industrial, and Transportation tariff customers within the city limits of cities identified in Exhibit A that receive service from the Mid-Tex Division of Atmos Energy Corporation (“Company”). This Rate Review Mechanism (“RRM”) provides for an annual adjustment to the Company’s Rate Schedules R, C, I and T (“Applicable Rate Schedules”). Rate calculations and adjustments required by this tariff shall be determined on a System-Wide cost basis. II. Definitions “Test Period” is defined as the twelve months ending December 31 of each preceding calendar year. The “Effective Date” is the date that adjustments required by this tariff are applied to customer bills. The annual Effective Date is October 1. Unless otherwise provided in this tariff the term Final Order refers to the final order issued by the Railroad Commission of Texas in GUD No. 10170 and elements of GUD No. 10580 as specified in Section III below. The term “System-Wide” means all incorporated and unincorporated areas served by the Company. “Review Period” is defined as the period from the Filing Date until the Effective Date. The “Filing Date” is as early as practicable, but no later than April 1 of each year. III. Calculation The RRM shall calculate an annual, System-Wide cost of service (“COS”) that will be used to adjust applicable rate schedules prospectively as of the Effective Date. The Company may request recovery of its total cost of service but will include schedules showing the computation of any adjustments. The annual cost of service will be calculated according to the following formula: COS = OM + DEP + RI + TAX + CD Where: OM = all reasonable and necessary operation and maintenance expenses from the Test Period adjusted for known and measurable items and prepared REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 165 ATMOS ENERGY CORPORATION MID-TEX DIVISION RATE SCHEDULE: RRM – Rate Review Mechanism APPLICABLE TO: ALL CITIES IN THE MID-TEX DIVISION AS IDENTIFIED IN EXHIBIT A TO THIS RATE SCHEDULE EFFECTIVE DATE:Bills Rendered on and after 04/01/2018 PAGE: 2 consistent with the rate making treatments approved in the Final Order. Incentive compensation (Management Incentive Plan, Variable Pay Plan and Long Term Incentive Plan) related to Atmos’ Shared Services Unit will be applied consistent with treatment approved in GUD 10580. Additionally, O&M adjustments will be incorporated and applied as modified by a final order, not subject to appeal, issued by the Railroad Commission of Texas in subsequent rate cases involving the Atmos Mid-Tex or West Texas divisions. Known and measurable adjustments shall be limited to those changes that have occurred prior to the Filing Date. OM may be adjusted for atypical and non-recurring items. Shared Services allocation factors shall be recalculated each year based on the latest component factors used during the Test Period, but the methodology used will be that approved in the Final Order in GUD 10580. DEP = depreciation expense calculated at depreciation rates approved by the Final Order. Additionally, if depreciation rates are approved in a subsequent final order, not subject to appeal, issued by the Railroad Commission of Texas for the Mid-Tex division those rates would be applicable for subsequent RRM filings. RI = return on prudently incurred investment calculated as the Company's pretax return multiplied by rate base at Test Period end. Rate base is prepared consistent with the rate making treatments approved in the Final Order, and as in GUD 10580 as specifically related to capitalized incentive compensation (Management Incentive Plan, Variable Pay Plan and Long Term Incentive Plan) for Atmos’ Shared Services Unit. However, no post Test Period adjustments will be permitted. Additionally, adjustments will be incorporated and applied as modified by a final order, not subject to appeal, issued by the Railroad Commission of Texas in subsequent rate cases involving the Atmos Mid-Tex or West Texas divisions. Pretax return is the Company's weighted average cost of capital before income taxes. The Company's weighted average cost of capital is calculated using the methodology from the Final Order including the Company's actual capital structure and long term cost of debt as of the Test Period end (adjusted for any known and measurable changes that have occurred prior to the filing date) and the return on equity of 9.8%. However, in no event will the percentage of equity exceed 58%. Regulatory adjustments due to prior regulatory rate base adjustment disallowances will be maintained. Cash working capital will be calculated using the lead/lag days approved in the Final Order. With respect to pension and other postemployment benefits, the Company will record a regulatory asset or liability for these costs until the amounts are included in the next annual rate adjustment implemented under this tariff. Each year, the Company’s filing under this Rider RRM will clearly state the level of pension REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 166 ATMOS ENERGY CORPORATION MID-TEX DIVISION RATE SCHEDULE: RRM – Rate Review Mechanism APPLICABLE TO: ALL CITIES IN THE MID-TEX DIVISION AS IDENTIFIED IN EXHIBIT A TO THIS RATE SCHEDULE EFFECTIVE DATE:Bills Rendered on and after 04/01/2018 PAGE: 3 and other postemployment benefits recovered in rates. TAX = income tax and taxes other than income tax from the Test Period adjusted for known and measurable changes occurring after the Test Period and before the Filing Date, and prepared consistent with the rate making treatments approved in the Final Order. Atmos Energy shall comprehensively account for, including establishing a regulatory liability to account for, any statutory change in tax expense that is applicable to months during the Test Period in the calculation to ensure recovery of tax expense under new and old income tax rates . CD = interest on customer deposits. IV. Annual Rate Adjustment The Company shall provide schedules and work papers supporting the Filing’s revenue deficiency/sufficiency calculations using the methodology accepted in the Final Order. The result shall be reflected in the proposed new rates to be established for the effective period. The Revenue Requirement will be apportioned to customer classes in the same manner that Company’s Revenue Requirement was apportioned in the Final Order. For the Residential Class, 50% of the increase may be recovered in the customer charge. However, the increase to the Residential customer charge shall not exceed $0.60 per month in the initial filing and $0.70 per month in any subsequent year. The remainder of the Residential Class increase not collected in the customer charge will be recovered in the usage charge. For all other classes, the change in rates will be apportioned between the customer charge and the usage charge, consistent with the Final Order. Test Period billing determinants shall be adjusted and normalized according to the methodology utilized in the Final Order. V. Filing The Company shall file schedules annually with the regulatory authority having original jurisdiction over the Company's rates on or before the Filing Date that support the proposed rate adjustments. The schedules shall be in the same general format as the cost of service model and relied-upon files upon which the Final Order was based. A proof of rates and a copy of current and proposed tariffs shall also be included with the filing. The filing shall be made in electronic form where practical. The Company’s filing shall conform to Minimum Filing Requirements (to be agreed upon by the parties), which will contain a minimum amount of information that will assist the regulatory authority in its review and analysis of the filing. The Company and regulatory authority will endeavor to hold a technical conference regarding the filing within twenty (20) calendar days after the Filing Date. REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 167 ATMOS ENERGY CORPORATION MID-TEX DIVISION RATE SCHEDULE: RRM – Rate Review Mechanism APPLICABLE TO: ALL CITIES IN THE MID-TEX DIVISION AS IDENTIFIED IN EXHIBIT A TO THIS RATE SCHEDULE EFFECTIVE DATE:Bills Rendered on and after 04/01/2018 PAGE: 4 A sworn statement shall be filed by an Officer of the Company affirming that the filed schedules are in compliance with the provisions of this Rate Review Mechanism and are true and correct to the best of his/her knowledge, information, and belief. No testimony shall be filed, but a brief narrative explanation shall be provided of any changes to corporate structure, accounting methodologies, allocation of common costs, or atypical or non- recurring items included in the filing. VI. Evaluation Procedures The regulatory authority having original jurisdiction over the Company's rates shall review and render a decision on the Company's proposed rate adjustment prior to the Effective Date. The Company shall provide all supplemental information requested to ensure an opportunity for adequate review by the relevant regulatory authority. The Company shall not unilaterally impose any limits upon the provision of supplemental information and such information shall be provided within seven (7) working days of the original request. The regulatory authority may propose any adjustments it determines to be required to bring the proposed rate adjustment into compliance with the provisions of this tariff. The regulatory authority may disallow any net plant investment that is not shown to be prudently incurred. Approval by the regulatory authority of net plant investment pursuant to the provisions of this tariff shall constitute a finding that such net plant investment was prudently incurred. Such finding of prudence shall not be subject to further review in a subsequent RRM or Statement of Intent filing. During the Review Period, the Company and the regulatory authority will work collaboratively and seek agreement on the level of rate adjustments. If, at the end of the Review Period, the Company and the regulatory authority have not reached agreement, the regulatory authority shall take action to modify or deny the proposed rate adjustments. The Company shall have the right to appeal the regulatory authority's action to the Railroad Commission of Texas. Upon the filing of an appeal of the regulatory authority's order relating to an annual RRM filing with the Railroad Commission of Texas, the regulatory authority having original jurisdiction over the Company's rates shall not oppose the implementation of the Company's proposed rates subject to refund, nor will the regulatory authority advocate for the imposition of a third party surety bond by the Company. Any refund shall be limited to and determined based on the resolution of the disputed adjustment(s) in a final, non-appealable order issued in the appeal filed by the Company at the Railroad Commission of Texas. REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 168 ATMOS ENERGY CORPORATION MID-TEX DIVISION RATE SCHEDULE: RRM – Rate Review Mechanism APPLICABLE TO: ALL CITIES IN THE MID-TEX DIVISION AS IDENTIFIED IN EXHIBIT A TO THIS RATE SCHEDULE EFFECTIVE DATE:Bills Rendered on and after 04/01/2018 PAGE: 5 In the event that the regulatory authority and Company agree to a rate adjustment(s) that is different from the adjustment(s) requested in the Company’s filing, the Company shall file compliance tariffs consistent with the agreement. No action on the part of the regulatory authority shall be required to allow the rate adjustment(s) to become effective on October 1. To the extent that the regulatory authority does not take action on the Company's RRM filing by September 30, the rates proposed in the Company's filing shall be deemed approved effective October 1. Notwithstanding the preceding sentence, a regulatory authority may choose to take affirmative action to approve a rate adjustment under this tariff. In those instances where such approval cannot reasonably occur by September 30, the rates finally approved by the regulatory authority shall be deemed effective as of October 1. To defray the cost, if any, of regulatory authorities conducting a review of the Company's annual RRM filing, the Company shall reimburse the regulatory authorities on a monthly basis for their reasonable expenses incurred upon submission of invoices for such review. Any reimbursement contemplated hereunder shall be deemed a reasonable and necessary operating expense of the Company in the year in which the reimbursement is made. A regulatory authority seeking reimbursement under this provision shall submit its request for reimbursement to the Company no later than December 1 of the year in which the RRM filing is made and the Company shall reimburse regulatory authorities in accordance with this provision on or before December 31 of the year the RRM filing is made. To the extent possible, the provisions of the Final Order shall be applied by the regulatory authority in determining whether to approve or disapprove of Company’s proposed rate adjustment. This Rider RRM does not limit the legal rights and duties of a regulatory authority. Nothing herein shall abrogate the jurisdiction of the regulatory authority to initiate a rate proceeding at any time to review whether rates charged are just and reasonable. Similarly, the Company retains its right to utilize the provisions of Texas Utilities Code, Chapter 104, Subchapter C to request a change in rates. The provisions of this Rider RRM are implemented in harmony with the Gas Utility Regulatory Act (Texas Utilities Code, Chapters 101-105). The annual rate adjustment process set forth in this tariff shall remain in effect during the pendency of any Statement of Intent rate filing. REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 169 ATMOS ENERGY CORPORATION MID-TEX DIVISION RATE SCHEDULE: RRM – Rate Review Mechanism APPLICABLE TO: ALL CITIES IN THE MID-TEX DIVISION AS IDENTIFIED IN EXHIBIT A TO THIS RATE SCHEDULE EFFECTIVE DATE:Bills Rendered on and after 04/01/2018 PAGE: 6 VII. Reconsideration, Appeal and Unresolved Items Orders issued pursuant to this mechanism are ratemaking orders and shall be subject to appeal under Sections 102.001(b) and 103.021, et seq., of the Texas Utilities Code (Vernon 2007). VIII. Notice Notice of each annual RRM filing shall be provided by including the notice, in conspicuous form, in the bill of each directly affected customer no later than forty-five (45) days after the Company makes its annual filing pursuant to this tariff. The notice to customers shall include the following information: a) a description of the proposed revision of rates and schedules; b) the effect the proposed revision of rates is expected to have on the rates applicable to each customer class and on an average bill for each affected customer; c) the service area or areas in which the proposed rates would apply; d) the date the annual RRM filing was made with the regulatory authority; and e) the Company’s address, telephone number and website where information concerning the proposed rate adjustment can be obtained. REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 170 ATMOS ENERGY CORPORATION MID-TEX DIVISION RATE SCHEDULE: RRM – Rate Review Mechanism APPLICABLE TO: ALL CITIES IN THE MID-TEX DIVISION AS IDENTIFIED IN EXHIBIT A TO THIS RATE SCHEDULE EFFECTIVE DATE:Bills Rendered on and after 04/01/2018 PAGE: 7 Exhibit A ACSC Cities Abilene Cleburne Frost Lincoln Park Addison Clyde Gainesville Little Elm Albany College Station Garland Lorena Allen Colleyville Garrett Madisonville Alvarado Colorado City Grand Prairie Malakoff Angus Comanche Grapevine Mansfield Anna Commerce Groesbeck Mckinney Argyle Coolidge Gunter Melissa Arlington Coppell Haltom City Mesquite Aubrey Copperas Cove Harker Heights Midlothian Azle Corinth Haskell Murphy Bedford Crandall Haslet Newark Bellmead Crowley Hewitt Nocona Benbrook Dalworthington Gardens Highland Park North Richland Hills Beverly Hills Denison Highland Village Northlake Blossom Denton Honey Grove Oak Leaf Blue Ridge Desoto Hurst Ovilla Bowie Draper Hutto Palestine Boyd Duncanville Iowa Park Pantego Bridgeport Eastland Irving Paris Brownwood Edgecliff Village Justin Parker Buffalo Emory Kaufman Pecan Hill Burkburnett Ennis Keene Petrolia Burleson Euless Keller Plano Caddo Mills Everman Kemp Ponder Canton Fairview Kennedale Pottsboro Carrollton Farmers Branch Kerens Prosper Cedar Hill Farmersville Kerrville Quitman Celeste Fate Killeen Red Oak Celina Flower Mound Krum Reno (Parker County) Centerville Forest Hill Lake Worth Rhome Cisco Forney Lakeside Richardson Clarksville Fort Worth Lancaster Richland Frisco Lewisville Richland Hills REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 171 ATMOS ENERGY CORPORATION MID-TEX DIVISION RATE SCHEDULE: RRM – Rate Review Mechanism APPLICABLE TO: ALL CITIES IN THE MID-TEX DIVISION AS IDENTIFIED IN EXHIBIT A TO THIS RATE SCHEDULE EFFECTIVE DATE:Bills Rendered on and after 04/01/2018 PAGE: 8 River Oaks Temple Roanoke Terrell Robinson The Colony Rockwall Trophy Club Roscoe Tyler Rowlett University Park Royse City Venus Sachse Vernon Saginaw Waco Sansom Park Watauga Seagoville Waxahachie Sherman Westlake Snyder Westover Hills Southlake Westworth Village Springtown White Settlement Stamford Whitesboro Stephenville Wichita Falls Sulphur Springs Woodway Sweetwater Wylie REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 172 Staff Report to the Honorable Mayor and City Council Date: March 19, 2018 Agenda Item No: REQUIRED APPROVAL ITEMS (CONSENT) - D. I. Subject: Consider approval of purchase of a John Deere 4M tractor through the HGACBuy program for the Streets & Parks Department II. Originated by: Larry Hoover, Streets and Parks Supervisor III. Summary: The Streets Department has budgeted in the capital replacement fund $28,572.94 for the replacement of a 1995 Long tractor that is 22 years old and in poor condition. Replacement parts are sometimes impossible to procure, as some parts are now obsolete. This equipment is used to mow lots and rights-of-way. The loss of this mowing tractor would severely reduce staff's ability to maintain level of service. The proposed John Deere 4M tractor is comparable in size and function. The presented cost of $28,572.94 is for the tractor, a service agreement, and a 4-year maintenance agreement. Staff recommends approval. IV. Fiscal Impact Summary: Funded in the FY2018 Adopted Budget V. Legal Impact: VI. Recommendation: Approve VII. Alternative Actions: VIII. Attachments: 1.Photo of Tractor to be Replaced Long Tractor Photo.pdf 2.John Deere Quote Summary John Deere Cost Sheet.pdf 3.John Deere 4M Tractor Photo John Deere 4M Tractor Photo.pdf REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 173 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 174 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 175 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 176 Staff Report to the Honorable Mayor and City Council Date: March 19, 2018 Agenda Item No: DECISION ITEMS - A. I. Subject: Discuss and consider acceptance of independent auditor's report (Comprehensive Annual Financial Report (CAFR)) for the fiscal year ended September 30, 2017 II. Originated by: III. Summary: Paula Lowe, a partner in the Governmental Audit Division at Pattillo, Brown & Hill, will present the CAFR for FY2017. The relevant documents are attached to the associated Work Session item. IV. Fiscal Impact Summary: V. Legal Impact: VI. Recommendation: Approve VII. Alternative Actions: VIII. Attachments: REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 177 Staff Report to the Honorable Mayor and City Council Date: March 19, 2018 Agenda Item No: DECISION ITEMS - B. I. Subject: Conduct a Public Hearing to consider authorizing funding participation with Tarrant County Community Development and Housing for the 44th Year Community Development Block Grant (CDBG) Project for water line improvements on Danny Drive 1. Staff Presentation 2. Public Hearing 3. Staff Response and Summary II. Originated by: Larry Ledbetter, Director of Public Works III. Summary: The City participates in the Community Development Block Grant (CDBG) program administered by Tarrant County. Eligible projects must be in census tracts where the majority of the residents are low/moderate income households. The Public Hearing is to identify potential project for water, sewer, street and draining improvements. Staff's recommendation is attached. IV. Fiscal Impact Summary: V. Legal Impact: VI. Recommendation: VII. Alternative Actions: VIII. Attachments: 1.Kennedale CDBG Proposal Form 2018 Kennedale CDBG Proposal Form 2018.pdf REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 178 C ommunity D evelopment B lock G rant 44 th Year - PY 201 8 Project Proposal P ublic Works City o f Kennedale Waterline Improvement s for 4000 - 440 5 Danny Drive REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 179 Tarrant County Community Development Community Development Block Grant 44 th Year – PY 20 18 PROJECT PROPOSAL FORM Part 1: City Information City Name City Contact Name(s) Contact Person Phone Contact Person E -mail City Annual Financial Summary Check here if you have included Comp rehensive Plan Summary Check here if you have included or have emailed planner pdf Web link to City’s Comprehensive Plan City Leverage Amount $ Part 2: Public Participation Date of Public Hearing Supporting records of hearing Check here if you have attached a copy of the public notice, public hearing and minutes from the hearing. Citizen Input Comments attached No comments received. Part 3 : Engineering Information Engineering Firm Name Firm Address Firm Contact Person 1 Contact Person Phone 1 Contact Person E -mail 1 Firm Contact Person 2 Contact Person Phone 2 Contact Person E -mail 2 Project Cost/ Engineering Estimate $ REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 180 Part 4 : Project Information (Follow Instructions) Type of Project Project Address (incl. block #) Zip Code Census Tract/BG Acquisition of real property P roject entails purchasing ROW or other property: Yes No Project Description (Complete & Detailed) Service Area Description (Street boundaries and description of non -residential area ) Land Use Information State Land Use Codes Land Use in Acres Total Acres in Service Area % of Total Service Area A1 (Single Family Residential) A2 (Mobile Homes) B1 (Multi family Residential) C1 (Residential Vacant) C2 (Commercial Vacant) C6 (Exempt – ROW) D3 (Farm land) D4 (Undeveloped) F1 (Commercial) F2 (Industrial) J1 -8 (Utilities) OTHER ( ) TOTAL RESIDENTIAL : MAPS (Check each which you have included) Map (s) indicating Service Area and Project location Map of FEMA Flood Map (FIRM) of project area Other maps (ie, indicating water or sewer flow) REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 181 Part 5: Detailed Cost Estimate – 4 4 th Year – PY 20 1 8 City Name Date Project Address Please fill in the below information Item No. Description Quantity Unit Price Amount Estimated Construction Subt otal: ______________________________ Design/Engineering Subtotal: ___________________________________ TOTAL ESTIMATED PROJECT COSTS: ___________________________________ City Leverage Amount (if applicable) $ City Paid Design/Engineering (if applicable) $ Other Sources (if applicable) $ Assumed CDBG award $ Total Estimated Funds Available $ Note: Project Costs must balance with Funds Available. Prepared By: ________________________________________________ REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 182 Part 6: Description of Need and Problem to be A ddressed . Will this project complement another project within the city or surrounding cities? Part 7 : Financial Need E xplanation (Include statement and/or audit results) Part 8 : Project Performance Objectives and Outcome OBJECTIVE (Select one) Suitable Living Environment (most public works) Decent Housing Economic Opportunity OUTCOME (Select One) Availability or Accessibility Affordability Sustainability (most public works) Part 9: Environmental and N eighborhood C onditions REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 183 Part 10: CDBG Environmental Review Statutory Checklist City Project Location Place an “X” in the appropriate response. If compliance response is other than “Not Applicable” please indicate needed requirement and any additional information. Area of Statutory or Regulatory Compliance No t A p p l i c a b l e t o t h i s pr o j e c t Co n s u l t a t i o n R e q u i r e d Re v i e w R e q u i r e d Pe r m i t s R e q u i r e d De t e r m i n a t i o n o f Co n s i s t e n c y A p p r o v a l s , Pe r m i t s Ob t a i n e d Co n d i t i o n s a n d / o r Mi t i g a t i o n A c t i o n s Re q u i r e d Provide Compliance Documentation. Additional material may be attached. Historic Properties Flood Plain Wetlands Coastal Zone Management X Tarrant County, Texas is not located along a coastal area. Map on File. Sole -Source Aquifers X Edwards Aquifer is the only sole source aquifer exchange zone in Texas. This Aquifer is not located in Tarrant County, Texas. Map on file. Endangered Species Wild and Scenic River X No wild and scenic rivers are located in Tarrant County, Texas. Map on file. Air Quality Farmlands Protection Manmade Hazards: Thermal/Explosive Noise Airport Clear Zones Toxic Sites Solid Waste Environmental Justice REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 184 LOCATION & SERVICE MAP REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 185 E A S T K E N N E D A L E P A R K W A Y E A S T K E N N E D A L E P A R K W A Y W E S T K E N N E D A L E P A R K W A Y SO U T H N E W H O P E R O A D BO W M A N S P R I N G S R O A D HUDSON VILLAGE CREEK NO R T H L I T T L E S C H O O L R O A D M A N S F I E L D C A R D I N A L R O A D SWINEY HIETT ROAD DA N N Y D R I V E PROJECT LOCATION PROJECT LOCATION KENNEDALE CITY LIMITS 0'4800'2400' CITY OF KENNEDALE 2018 CDBG LOCATION MAP REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 186 SERVICE MAP CITY OF KENNEDALE 2018 CDBG 0'800'400' HUDSON VIILLAGE CREEK ROAD DA N N Y D R I V E BL O X O M P A R K R O A D CE N T U R Y D R I V E A1 A1 A1 A1 A1 A1 A1 A1 A1 A1 A1 A1 A1 A1 A1 A1 A2 A1 A1 A1 A1 A1 A1 A1 A1 A2 A1 A1 A1 A1 A1 A1 C1 C1 A2 C1 C1 C1 F1 C1 SERVICE AREA PROP 8" WATER LINE 8" W 8" W U N I O N P A C I F I C R A I L R O A D 12"W 8"W 8" W 8" W 8" W 8"W EXIST WATER LINE FIRE HYDRANT A1 FAMILY RESIDENTIAL C1 RESIDENTIAL VACANT F1 COMMERCIAL EXISTING 6" WATERLINE TO BE ABANDONED IN PLACE A2 MOBILE HOMES PROPOSED 8" WATERLINE REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 187 DA N N Y D R I V E HUD LOW/MODERATE INCOME DATA CITY OF KENNEDALE 2018 CDBG PROJECT LOCATION REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 188 FEMA MAPS REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 189 FEMA MAP CITY OF KENNEDALE 2018 CDBG PROJECT LOCATION REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 190 FEMA MAP CITY OF KENNEDALE 2018 CDBG PROJECT LOCATION REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 191 FINANCIAL SUMMARY REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 192 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 193 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 194 REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 195 Staff Report to the Honorable Mayor and City Council Date: March 19, 2018 Agenda Item No: DECISION ITEMS - C. I. Subject: Consider approval of Resolution 521 authorizing funding participation with Tarrant County Community Development and Housing for the 44th Year Community Development Block Grant (CDBG) Project for water line improvements on Danny Drive II. Originated by: Larry Ledbetter, Director of Public Works III. Summary: The City participates in an annual Public Works project that is funded, in part, by a HUD Community Development Block Grant (CDBG) and administered by Tarrant County. As part of the application process, the County requires the City to authorize the project and pledge any funds that may exceed the HUD grant for the design and construction. The recommended 2018 (44th-year CDBG) project is waterline improvements for 4000-4405 Danny Drive. The project includes the replacement of 2,700 LF of approximately 70-year-old 6” asbestos- cement waterline along Danny Drive with 8” PVC. The existing 6” pipe will be abandoned in place and the new 8” line will be located within the existing right-of-way. The estimated Engineering and Construction cost of the project is $341,965, of which it is estimated that the City of Kennedale will provide $201,965 (noted in the proposal as the "City Leverage Amount"). The assumed CDBG Award amount is $140,000. IV. Fiscal Impact Summary: The estimated cost to the City of Kennedale for this project will be $201,965.00, and will need to be included in the FY18/19 Budget. V. Legal Impact: VI. Recommendation: Approve VII. Alternative Actions: VIII. Attachments: 1.R521_44th CDBG_2018 R521_44th CDBG_2018_TOASE.pdf REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 196 Page 1 of 1 R5 21 CITY OF KENNEDALE, TX 2018 RESOLUTION NO. 52 1 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF KENNEDALE, TEXAS AUTHORIZING FUNDING PARTICIPATION WITH TARRANT COUNTY COMMUNITY DEVELOPMENT AND HOUSING FOR THE 44th YEAR COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) PROJECT FOR WATER LINE IMPROVEMENTS WITHIN THE CITY OF KENNEDALE, TEXAS AND PROVIDING AN EFFECTIVE DATE WHEREAS, in the City Council meeting of March 19, 2018, the City Council of the City of Kennedale held a public hearing and approved the 44th Year Community Development Block Grant (CDBG) Project to replace 2,700 linear feet of 6” asbestos -cement waterline with 8” PVC waterline at 4000-4405 Danny Drive, in the City of Kennedale; and WHEREAS , the budget for the project approved on March 19, 2018, reflected an estimated engineering and construction cost in the amount of $341,965.00, with the City of Kennedale pledging funds in the amount of $201,965.00; and WHEREAS , the City funds shall be budgeted in the 2018/19 fiscal year budget and will be utilized for project costs in excess of the CDBG funds available for the project. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF KENNEDALE, TEXAS: SECTION 1. That all matters stated in the preamble of this resolution are true and correct and are incorporated herein as if copied in their entirety. SECTION 2. That the City of Kennedale pledges to fund $201,965.00 to Tarrant County for the 44 th Year CDBG Project for the Danny Drive water line replacement. SECTION 3. That this resolution shall be effective upon its passage. PASSED, ADOPTED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF KENNEDALE, TEXAS, THIS THE 19TH DAY OF MARCH, 2018. APPROVED: ______________________________ MAYOR, BRIAN JOHNSON [CITY SEAL] ATTEST: ______________________________ CITY SECRETARY, LESLIE GALLOWAY REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 197 Staff Report to the Honorable Mayor and City Council Date: March 19, 2018 Agenda Item No: DECISION ITEMS - D. I. Subject: Consider appointment of Chair and Vice Chair of the Planning and Zoning Commission II. Originated by: III. Summary: Pursuant to the City Code, the City Council appoints both the Chair and Vice Chair of the Planning and Zoning Commission. This item is placed on the agenda for Council consideration to make such appointments. At their meeting on Tuesday, Feburary 20, the Planning & Zoning Commission made the following recommendations for Chair and Vice-Chair: Chris Pugh, Chair Lary Adkins, Vice Chair Board Members • Lary Adkins, Place 1 • Chris Pugh, Place 2 • Daniel Medina, Place 3 • VACANT, Place 4 (Tom Pirtle resigned on Tuesday, February 20) • Sheldon Gerron, Place 5 • Jadey James, Place 6 • John Hivale, Place 7 • Horace Young, Place 8 (Alternate) • Kayla Hughes, Place 9 (Alternate) IV. Fiscal Impact Summary: V. Legal Impact: VI. Recommendation: VII. Alternative Actions: VIII. Attachments: REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 198 Staff Report to the Honorable Mayor and City Council Date: March 19, 2018 Agenda Item No: DECISION ITEMS - E. I. Subject: Consider adoption of Resolution 519, adopting a policy for the calling of Regular and Special Meetings of the City Council and for the placement of items on the Council's Regular Agenda II. Originated by: III. Summary: The first draft of this policy (via Resolution 519) was presented to City Council at their Monday, March 5 Special Meeting. After some discussion, it was clear that multiple edits were desired by Council, which have now been completed by City Attorney Wayne Olson (TOASE), and the updated version is attached for Council's current consideration. IV. Fiscal Impact Summary: V. Legal Impact: VI. Recommendation: VII. Alternative Actions: VIII. Attachments: 1.R519_Adopting Council Rules of Procedure for Calling Special Meetings and Agenda Setting_2018_Ver2 R519_Adopting Council Rules of Procedure for Calling Special Meetings and Agenda Setting_2018_Ver2.pdf REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 199 Page 1 of 2 R519 CITY OF KENNEDALE, TX 2018 RESOLUTION NO. 519 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF KENNEDALE , TEXAS, DESIGNATING REGULAR CITY COUNCIL MEETING DAYS AND TIMES; ADOPTING A PROCEDURE TO CALL SPECIAL MEETINGS; AND ADOPTING AN AGENDA SETTING POLICY FOR CITY COUNCIL MEETINGS. WHEREAS, the City Council conducts City Council meetings pursuant to formal agendas that are posted in accordance with the Texas Open Meetings Act; and WHEREAS, pursuant to Section 3.08 of the Kennedale City Charter (“Charter”), the City Council shall meet in regularly scheduled city council meetings at least once a month at such times as the members may prescribe by rule; and WHEREAS, pursuant to Section 3.08 of the Charter, special meetings may be called on the request of the Mayor or three (3) City Council Members; and WHEREAS, pursuant to Section 3.08 of the Charter, the City Council shall determine its own rules and order of business; and WHEREAS, the City Council desires to designate the third Monday of each month as the day of the regularly scheduled Council meetings; designate regular work sessions of the City Council; adopt procedures to call a special meeting; adopt procedures that allow City Council members to request items to be placed on City Council agendas; and provide for the order of business on agendas . NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF KENNEDALE, TEXAS: SECTION 1. The City Council hereby adopts the following rules to govern regular and special meetings of the City Council: REGULAR MEETING SCHEDULE In accordance with Section 3.08 of the City Charter, Regular Meetings of the City Council shall be routinely held at 7:00 p.m. on the third Monday of every month. A work session may be included on the agenda of any Regular Meeting at such time as is convenient. In addition, the City Council shall routinely hold work sessions at 7:00 p.m. on the first Monday of every month for discussion of upcoming agenda items. With the concurrence of three members of the City Council, the date or time of the routine Regular Meeting or work session may be moved to another date or time, or may be cancelled, due to holidays, scheduling conflicts, or other necessary business reasons. AGENDA POSTING FOR REGULAR MEETINGS The agenda for the Regular Meeting shall be prepared by the City Manager and the Mayor. If two City Council members make a written request to the Mayor to place specific items on the agenda for a Regular Meeting, the Mayor shall include such items on the agenda unless: i) the request does not allow sufficient time to post the items on the agenda in accordance with the Open Meetings Act; or ii) the Mayor determines that consideration of the items should b e delayed, in which case the Mayor shall, within 24 hours, poll the remaining City Council REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 200 Page 2 of 2 R519 CITY OF KENNEDALE, TX 2018 members explaining the reasons for desiring to delay consideration. If three or more City Council members are in favor of considering the item, it shall be placed on the agenda. SPECIAL MEETINGS A special meeting of the City Council may be called by the Mayor upon his own request or by the Mayor upon the request of three or more City Council members on a day other than the third Monday or a time other than the Regular Meeting. Upon written request of two City Council members, the Mayor, City Manager or City Secretary will poll the remainder of the City Council members to determine whether or not a special meeting is needed or desired on the date requested to include, at a minimum, the items requested. Upon the concurrence of three City Council members or two City Council members and the Mayor , a special meeting shall be called. Such concurrence will be considered if provided in writing (or email) to the Mayor, City Manager or City Secretary within twenty four (24) hours of notification to City Council members of the request and if received in time to properly post an agenda pursuant to state law. The Mayor may, at his/her discretion, place any additional item(s) on the agenda that he/she believes appropriate to conduct the City’s business. The concurrence of not less than four members of the City Council (the Mayor can be included as one of the four) is required for an item to be listed on the agenda of a special meeting as an action item. AGENDA ORDER The order of the agenda items, whether for a regular or special meeting, is at the discretion of the Mayor as the presiding officer of the City Counci l. Upon the concurrence of three City Council members, the order of the agenda items may be changed. S ECTION 2. T he Rules adopted in this Resolution may be amended by the City Council from time to time, in accordance with the City Charter . SECTION 3. This Resolution shall become effective from and after its passage. ADOPTED BY THE CITY COUNCIL, THIS 19 th DAY OF MARCH, 2018. APPROVED: ______________________________ MAYOR, BRIAN JOHNSON [CITY SEAL] ATTEST: ______________________________ CITY SECRETARY, LESLIE GALLOWAY REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 201 Staff Report to the Honorable Mayor and City Council Date: March 19, 2018 Agenda Item No: EXECUTIVE SESSION - A. I. Subject: Eric Elam v. Leslie Galloway (City of Kennedale); Cause # SC9342 II. Originated by: III. Summary: IV. Fiscal Impact Summary: V. Legal Impact: VI. Recommendation: VII. Alternative Actions: VIII. Attachments: REGULAR MEETING 03.19.2018 CITY COUNCIL PACKET PAGE 202