070122 Friday Staff Report „ City Manager's Office
" 215 E. McKinney St., Denton, TX 76201 • (940) 349-8307
DENTON
MEMORANDUM
DATE: July 1, 2022
TO: The Honorable Mayor Hudspeth and Council Members
FROM: Sara Hensley, City Manager
SUBJECT: Staff Report
I. Council Schedule
Meetings
1. 4th of July Holiday—Monday, July 4, 2022
2. Community Partnership Committee on Wednesday, July 6, 2022, at 3:00 p.m.
in the City Council Work Session Room.
3. Planning and Zoning Commission on Wednesday, July 6, 2022, at 5:00 p.m. in
the Council Chambers.
4. Agenda Committee on Thursday, July 7, 2022, at 8:00 a.m. in the City Hall
Conference Room.
5. Downtown Economic Development Committee on Thursday, July 7, 2022, at
8:30 a.m. at the Development Service Center.
6. Public Art Committee on Thursday, July 7, 2022, at 4:00 p.m. in the Civic
Center Community Room.
7. Development Code Review Committee on Friday, July 8, 2022, at 10:00 a.m.
at the Development Service Center.
8. Cancelled- Community Services Advisory Committee on Friday, July 8, 2022,
at 12:00 p.m. at the Development Service Center.
9. Cancelled - Committee on the Environment on Friday, July 8, 2022, at 4:00
p.m. at the Sustainability Office.
II. General Information & Status Update
A. Friday Night Music and Dance—Friday nights spent at the Denton Senior Center with
music, dancing, and making new friends has always been a fan favorite. On June 24,
OUR CORE VALUES
Integrity • Fiscal Responsibility • Inclusion • Transparency • Outstanding Customer Service
First Friday Night Music and Dance returned with 95 participants. Live music was
performed by Pete N Patti, a fun big band and country playing couple. The staff and
members were extremely excited the first dance returning from the pandemic was a
huge success. Once a month, Denton Senior Center will continue to host bands on a
Friday Night for the community to enjoy! Staff contact: Nicole Brasher, Parks and
Recreation
B. Senior Center Flooring Repair Update — The Denton Senior Center recently
underwent facility repairs, after water damage in the front library area. Repairs
included flooring replacements in the library, lobby, multipurpose room and the
fitness room floor was updated to dark,non-slip, anti-microbial fitness flooring better
suited for the high traffic area. Staff contact: Nicole Brasher, Parks and Recreation
C. DTV Video Highlights for June— In addition to producing public meetings, staff
continues to collaborate on videos this month which raise awareness, educate, inform,
and inspire our community. Of all the videos produced this month, staff would like to
highlight the following and encourage Council to share them.
1) Creating a Safer Denton: YouTube, Facebook - Meet Nathan George, Bike,
Pedestrian, and ADA Coordinator, and learn how the City is continuously
working to improve street safety for all residents.
2) City of Denton Employee Spotlight- Ep. 1: YouTube, Facebook- In Episode
1 of our new Employee Spotlight series we follow Sara Losh, City Health
Inspector, as she inspects a local restaurant and swimming pool. Sara has been
with the city for 7 years, citing the importance of food safety and wanting to
keep our citizens safe.
3) Denton Yard Waste Carts-The Do's and Don'ts: YouTube, Facebook- Solid
Waste Residential Supervisor Jonathan Freeny walks citizens through the
Do's and Don'ts of how to best utilize their Yard Waste Carts!
All videos air on DTV, are shared via social media channels, and are available on
the City's YouTube channel. Staff contact: Billy Matthews, Public Affairs
D. City-wide Phone System Upgrade—Technology Services deployed an upgrade of the
city-wide phone system on the evening of Friday, June 24th. Configuration issues
that could not be fully tested in the development environment experienced unexpected
failures which caused customer-facing impacts in various locations throughout the
City. Technology Services has a prioritized list of all issues city-wide and is primarily
focused on addressing the high-priority customer service issues. Currently, there are
no system outages and the Customer Service staff is able to place and receive calls
normally. At present,the only customer-facing impact is related to the callback queue.
Customers are only offered the callback option twice in the first 2 minutes of hold
and not all requested callbacks are completed by the phone system. Customer Service
has a queue message in place advising customers that there are intermittent problems
with the callback feature. Technology Services is actively working on the issue and
if it is unable to be resolved Friday,July 1,they will continue diligent effort to restore
functionality as quickly as possible. Staff contacts: Christa Foster,Customer Services;
Curtis Conrad, Technology Services
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E. Library Reservation — On Wednesday, June 29, 2022, two local organizations,
Outreach Denton & Pride Denton, held a private event in the community meeting
room at the North Branch Library. The groups reserved the meeting space, which is
available for use by non-profit, educational, civic and community groups, and area
businesses. The Denton Public Library Meeting Room Policy and reservation
procedures are available online.
Prior to the event, group coordinators shared safety concerns about potential protests
for their meeting. They did not indicate specific threats, but shared concerns about
potential protests. After discussion, Library staff notified Denton Police Department
and requested officers be aware and if possible, monitor the parking lot area. Some
group participants wore head coverings,masks, and clothing resembling tactical gear
while standing outside the library. During the event, library staff were notified the
Police Department received calls regarding people with weapons and protests outside
the library building. Library staff spoke with the participants and did not observe
weapons. There were no protests. Library staff also spoke with officers in the parking
lot. Two officers remained in the area throughout the evening to ensure group
participants and library visitors remained safe. Staff Contact: Jennifer Bekker,Denton
Public Library
F. Summer Resident Update — The Summer issue of the Resident Update newsletter is
being delivered to homes this week and is available online. This issue features
information about the non-discrimination ordinance; trees and parks; Kiwani's
Fireworks event; FY22/23 budget development; upcoming events
and more. Staff contact: Stuart Birdseye, Public Affairs
V or
R r JO ENT
_,,;9_ �.,UPDATE
7;t S(itniffer
Is In The Air
Fj1?EW0?KS Request for Volunteers and Donations — Staff received information on donation and
volunteer needs at partner agencies that serve households experiencing homelessness.
Monsignor King Outreach Center (MKOC) shelter needs volunteers 3:00 to 5:OOpm
daily and Sunday from 10:00am to 3:OOpm for laundry attendant, women's dorm
3
attendant, hygiene distribution, lunch service, and floating volunteer. MKOC is
asking for donations of bleach, to-go food containers, paper cups, paper plates,
napkins, paper towels, toilet paper, sugar, Ziploc bags, salad dressing, bottled water,
coffee, and Gatorade. Giving Grace Street Outreach Program is asking for donations
of bottled water and mosquito spray. If you are interested in volunteering or donating
to MKOC shelter and Street Outreach Program, please contact Our Daily Bread at
940-566-1308 and Giving Grace at 940-382-0609. Staff contact: Megan Ball,
Community Services
H. FM 2181 and Robinson Road Intersection Closure — On June 28, the Texas
Department of Transportation (TxDOT) informed the City on July 5, 2022, from 8
AM to July 29, 2022, at 5 PM the Robinson Road intersection at FM 2181 will be
fully closed. Crews will work on intersection improvements during this time.Message
boards are placed to alert drivers. Drivers should follow the marked detour and expect
delays. Staff contact: Rebecca Diviney, Capital Projects/Engineering
L Pedestrian Signal at Carroll and Congress — On June 29, Traffic Operations staff
became aware of a resident concern regarding the push-button pedestrian activation
at the intersection of Carroll and Congress. Staff investigated this issue, but due to
signal coordination along on the Carroll corridor, eliminating the need to press the
crosswalk button will create adverse effects on the intersection. These include
keeping the intersection from entering coordinated patterns causing traffic to stop
unnecessarily, as well as preventing pedestrians from entering the crosswalks in the
middle or end of the cycles. In light of the concern, staff put together a plan to delay
vehicle green up to seven seconds on the eastbound movement when the pushbutton
is activated. This allows pedestrians to advance before vehicles are allowed to enter
the intersection. Additionally, staff will restrict the right turn movement with a no
turn on red during school hours and signage will be placed on the Eastbound mast
arm and in advance of the intersection. Staff Contact: James Andrews, Public Works
J. Calicivirus Affecting Felines at the Denton Animal Shelter — On June 30, Denton
Animal Shelter advised the public through the attached press release regarding a
virus impacting the feline population. Cat adoptions, surrenders, and intakes were
postponed for 10 calendar days and will tentatively resume on July 1 Ith.Recent feline
adopters have been contacted by staff to educate them on potential signs to look for
and steps to take if they are concerned about the virus.
The public is still welcome and encouraged to adopt a dog for free on Friday, July
1 st, and Saturday, July 2nd. For more information about the Linda McNatt Animal
Care and Adoption Center,please visit www.cityofdenton.com/animalservices or call
(940) 349-7594. Staff Contact: Tiffany Thomson, Customer Service and Animal
Services
III. Responses to Council Member Requests for Information
A. Landfill Check-In Lanes — On June 27, Mayor Hudspeth requested staff provide
information regarding a customer complaint of long landfill check in lines. Staff
advised that, due to the recent closure of the DFW Landfill located in Lewisville,
traffic at the Denton Landfill significantly increased. Included in the Capital
Improvement Budget for FY 2022-2023 is a project for scale house improvements,
4
which will include additional onsite scales as well as the opportunity to allow
flexibility in addressing onsite ingress/egress queuing issues. Construction is expected
to be completed within the next year. Solid Waste will also work with Finance on ways
to improve customer payment processing. Staff contact: Christine Taylor, City
Manager's Office
B. Report of Planned Group Home—On June 28, Mayor Hudspeth and Council Member
Davis contacted staff members regarding resident reports of a group home planned at
either 112 or 115 "Ridgecrest Drive". Residents further reported the home would open
on July 1 and it would cater to persons diagnosed with serious mental illness. While
there is no Ridgecrest drive in Denton, there is a Ridgecrest Court. Staff does not
currently have sufficient information to determine if this use on Ridgecrest Court
would be in violation of our zoning ordinance; however, based on the information
available, the use could be allowed with a specific use permit. Additionally, such a
facility would likely also require licensing through the State of Texas. To date, a
specific use permit application has not been received for that location, nor is any
licensing for that location listed with the State of Texas. More information would be
needed to provide a more exact answer, and staff are attempting to contact residents
for any additional information. If more information is received that confirms a group
home use on Ridgecrest Court, staff will provide an update to the Council. Staff
contact: Scott McDonald, Development Services
C. Outdoor Live Music — This week staff received a request for information related to
allowing an establishment the ability to provide live outdoor music within their
patio. The requestor is seeking a proactive solution to address potential noise
complaints from adjacent residential neighbors. Currently the city's noise ordinance
limits any noise from a stationary loudspeaker, amplifier, musical instrument, or
sound amplifying equipment to no more than sixty-five (65) decibels at more than
fifty (50) feet as measured from the source. The noise ordinance applies citywide
and existing establishments that currently have outdoor live music comply with the
ordinance by using landscaping and other design means to soften the noise and keep
it within the level allowed. Staff spoke to the requestor later in the week and have
started to assess the requestor's outdoor patio and adjacent neighbors. The goal is
to find a solution that will allow them to have outdoor live music. Other staff
members have also been brought into proactively research Building Code
requirements to ensure any conceptual ideas are reviewed and verified in advance of
any building permit submittal. Staff contact: Scott McDonald,Development Services
D. Duncan Street Sidewalks — On June 22, Mayor Hudspeth contacted staff on the
possibility of widening the sidewalks along Duncan Street in front of Moore Supply
Company to allow forklift operators to travel between the showroom and warehouses
without using the street. Capital Projects/Engineering staff reviewed the facilities and
identified several significant challenges to this proposal, most significantly, the
damage that would be expected to occur to a sidewalk if subjected to heavy loading
that is typical of forklift operations. In addition,a drainage structure is located between
the buildings, which would require structural evaluation to assess feasibility of
installing a more robust sidewalk section to account for loading, and adjustments to
drainage structures to convey rainwater during storm events. Staff will coordinate with
Community Services staff to discuss facility operations with Moore Supply Company
5
and identify possible alternatives that may eliminate the need for forklift operations
on Duncan Street. Staff contact: Rebecca Diviney, Capital Projects/Engineering
E. Masch Branch Road Closure and Traffic Control Concerns — On June 17, Staff were
notified of a pothole on Masch Branch Road. On-call crews applied a temporary patch
to the roadway. When crews arrived on-site, they realized the hole was on a bridge
and placed a steel plate over the hole as a temporary patch. Staff met the following
week and contacted a structural engineer to evaluate the bridge.
On June 23, a structural engineer performed a site visit and determined the bridge
needed to be closed immediately for public safety. Following the engineer's
recommendation, staff placed barricades to close Masch Branch Road at Lovers Lane
Road and Hampton Road. Due to the emergency nature of the closure and the limited
quantity of traffic control devices available to City crews, traffic was temporarily
detoured down Hampton Road and Marshall Road, back to US 380. The temporary
traffic control was in place from the evening of June 23 through June 25. On June 25,
a more permanent traffic control was deployed by an on-call vendor which improved
detour routing and detoured traffic at US 380, away from the community with a full
detour plan in place. The detour is located on a Texas Department of Transportation
(TxDOT) right-of-way and the City received permission from TxDOT to place the
signage to detour the traffic.
On June 28, Council Member McGee asked staff for additional clarification on how
the road condition of Masch Branch Road Bridge came to be, resulting in the closure
of the bridge. In researching the history of this section of roadway, it was acquired by
the City of Denton as part of an annexation completed on May 4,2010,and the original
construction timeline is unknown. The road itself has been regularly observed by
crews to identify potential roadway impacts, such as potholes. In researching available
data on this structure, including the TxDOT Bridge Inventory, Inspection and
Appraisal Program (BRINSAP), and the Federal Highway Administration (FHWA)
Nation Bridge Inventory(NBI),this structure was not listed or identified on any bridge
inventory system, nor on any inspection list. From visual observations, it appears this
structure was possibly originally constructed as a rural/farm structure that was never
designed or intended to carry the amount of traffic or loading that currently travels
along this section of roadway. Typical traffic on this section of roadway includes large
semi-trucks and trailers, oversized loads, and dump trucks using Lovers Lane Road
and Masch Branch Road as a cut-through for the various business and aggregate yard
located along Masch Branch Road near Hampton Road. Neither Masch Branch Road
nor Lovers Lane Road are identified as an approved truck route. Staff are completing
a survey and an evaluation of the structure and site and will determine next steps to
replace the failed structure and reopen this section of Masch Branch Road as soon as
possible. Staff contact: Brett Bourgeois, Capital Projects/Engineering and Daniel
Kremer, Public Works
F. Traffic Calming Malone Street—On June 28, Council Member McGee contacted staff
on behalf of a resident regarding their concerns for Malone Street. The resident
expressed concerns about speeding on Malone Street in two separate areas; south of
US 380,where the road was recently reconfigured as a 2-lane street with a center turn
lane and bike lanes, and north of US 380 where several businesses are located just
north of the intersection, and beyond which the road is generally unmarked and
6
residential in character, with street parking. Staff recently evaluated travel speeds on
Malone Street south of US 380, and reported the following at the February 28, 2022,
Traffic Safety Commission meeting:
"The Capital Projects/Engineering Department was forwarded an Engage Denton
request regarding speeding on Malone Street. After reviewing the request, it was
determined that conducting speed studies on Malone Street would be appropriate. The
multiple speed studies found the 85th percentile speeds to be 35 MPH at the 600 block
of Malone Street and 36 MPH at the 1000 block. The roadway is striped appropriately
with bike lanes on either side of the street, one travel lane in each direction, and a
center turn lane. Malone Street has had high visibility enforcement five times in the
last year. Continued enforcement is recommended to discourage speeding. At this
point, there are no additional engineering measures that staff recommends.
Engineering will continue to monitor for new information."
Following receipt of this request, staff conducted a site visit to review conditions north
of US 380. Malone Street is a wide residential street, with residential homes and
frequent driveways, and some limited street parking was observed. The street
terminates beyond Auburn Drive in Bowling Green Park. Staff reviewed multiple
streets of similar character where traffic calming was requested, including Old North
Road and streets in Southeast Denton. At this time, engineering countermeasures to
discourage speeding are being explored in these other areas of town, including the use
of flex posts, and driver feedback signs. After these evaluations are completed, staff
will evaluate the effectiveness of these features to reduce speeds. Staff will assess
potential deployment on similar streets in the City, like Malone Street, while also
taking into consideration the specific context of the roads that are evaluated from a
safety and mobility perspective. Staff contact: Rebecca Diviney, Capital
Projects/Engineering
IV. Upcoming Community Events and Meetings
A. 4th of July Senior Picnic—The Denton Senior Center is hosting their annual 4th of July
Picnic, on Saturday, July 2 from 10 a.m. to 1 p.m. The event features both indoor and
outdoor games, live entertainment, and a BBQ lunch. At 11 a.m., a fan favorite,
Rhonda Medina,performs live singing great American classics. Then,Righteous BBQ
will serve pulled pork or brisket sandwiches with chips and ice cream. The event is
free,but a pre-purchased ticket is required for the meal. Staff contact: Nicole Brasher,
Parks and Recreation
B. Liberty Run 5k and 1-Mile Walk—The annual Liberty Run 5k and 1-mile walk is this
Saturday, July 2 beginning at 7:30 a.m. at the Civic Center. Packet pickup for runners
is on July 1 and July 2. In addition to race medals,three individuals will be selected as
most festive runners. Non-runners are encouraged to cheer on participants! Staff
contact: Arianna Bencid, Parks and Recreation
C. Yankee Doodle Parade / 4th of July Celebration — This year's 4th of July parade is
tomorrow - Saturday, July 2. Check in and staging beings at 7:30 a.m. at the Wells
Fargo Parking Lot southeast of the square at South Austin and East Hickory Streets.
At 9 a.m. the parade will begin and venture from the Wells Fargo building toward and
around the square before continuing to McKinney Street and the Denton Civic Center.
Staff contact, Arianna Bencid, Parks and Recreation
D. July Jubilee Festival— This free event begins at 10 a.m. Saturday, July 2 at the Civic
Center and Quakertown Park. Festivities include live music, inflatables, food trucks,
and a hot dog eating contest. Staff Contact: Arianna Bencid, Parks and Recreation
E. Kiwanis Club Fireworks Show — Denton's Independence Day fireworks show will
take place Sunday, July 3 at North Lakes Park. Parking will open at 7:00 p.m., with
the show beginning at 9:30 p.m. and scheduled to end around 10:00 p.m. ADA
accessible parking and viewing areas will be available on a first come, first serve basis
in the parking lot nearest North Lakes Recreation Center. See this map for designated
parking and viewing areas. Traffic around North Lakes Park is anticipated to increase
substantially before and after the event. Denton PD may facilitate entrance and egress
by changing traffic patterns and closing some roads temporarily.For more information
on traffic closures please visit the event website available by clicking here. Staff
contact: Nikki Sassenus, Parks and Recreation
V. Attachments
A. Feline Calicivirus Press Release..................................................................................9
VI. Informal Staff Reports
A. 2022-040 Quarterly Financial Report........................................................................I I
VII. Council Information
A. Council Requests for Information.............................................................................59
B. Public Meeting Calendar...........................................................................................61
C. Future Work Session Items .......................................................................................64
D. Street Construction Report........................................................................................66
8
co;v FOR IMMEDIATE RELEASE
DENTON Stuart Birdseye • (940) 349-8009 • Stuart.Birdseye@cityofdenton.com
Calicivirus Affecting Felines at the Denton Animal Shelter
Cat adoptions, surrenders, and intakes postponed for 10 calendar days
DENTON, TX, June 30, 2022—The Denton Animal Shelter is currently experiencing a virus
that is impacting the feline population. Denton Animal Services' veterinary staff reported that a
feline which underwent treatment for an upper respiratory infection was still exhibiting
symptoms of an infection, post-treatment. After further investigation, it was determined that this
feline had Calicivirus, which has spread to other felines in the shelter.
Calicivirus is highly contagious and infected felines transmit the virus through saliva or
secretions from the nose or eyes. When an infected cat sneezes, airborne viral particles are
spread meters through the air. Lab tests have also detected the virus in feces, urine, and blood.
All felines at the Denton Animal Shelter are vaccinated upon intake, including being vaccinated
for Calicivirus. It is likely that the origin of the virus came from an asymptomatic feline upon
intake and was not discovered by staff until the feline became symptomatic.
Given the high level of contagiousness and current capacity of the shelter, there is a high
probability that the virus will spread further to healthy felines.
To mitigate the spread of the virus, Denton Animal Services (DAS) has implemented the
following:
• Postponing all cat adoptions, surrenders, and intakes for 10 calendar days
• Halting all residential trapping of cats—DAS is noticing an increase of feline Calicivirus
in the stray feral felines that are coming in and could indicate that the virus is in the
community
• Providing Lysine supplement in cat food to boost immune systems to aid felines in
combating the virus
• Feline health checks twice a day by veterinary and kennel staff
• Coverings placed over individual feline kennels to prevent viral airborne particles
• Isolation gowns and gloves are worn by any staff member interacting with a feline.
Those items will be changed after each individual contact.
• Felines are isolated to one kennel, to eliminate any possibility of cross-contamination
• With Veterinary staff consultation, humanely euthanize infected and highly exposed
felines, if necessary
The Calicivirus does not impact dogs and adoption of dogs are still available. The public is
encouraged to continue vaccinating their felines against illnesses like Calicivirus to aid in the
prevention of its spread throughout the feline population.
For more information about the Linda McNatt Animal Care and Adoption Center, please visit
www.cityofdenton.com/animalservices or call(940) 349-7594.
OUR CORE VALUES
Integrity•Fiscal Responsibility• Inclusion•Transparency• Outstanding Customer Service
ADA/EOE/AREA www.cityofdenton.com TDD(800)735-2989
9
Contact: Tiffany Thomson, Tiffany.Thomson(&citvofdenton.com, (940) 349-7401
Visit www.cityofdenton.com for more news and to stay updated.
2
10
July 1, 2022 Report No. 2022-040
INFORMAL STAFF REPORT
TO MAYOR AND CITY COUNCIL
SUBJECT:
Quarterly Financial Report for the period ending March 31, 2022.
BACKGROUND:
Attached, for your review is the Quarterly Financial Report for the period ending March 31,
2022. If you have any questions or need additional information, please let me know.
ATTACHMENTS:
1. FY 21-22 Second Quarter Financial Report
STAFF CONTACT:
Cassey Ogden
Chief Financial Officer
Cassandra.Ogden@cityofdenton.com
(940) 349-7195
11
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About This Quarterly Financial
Report
This report has been prepared by the City of Denton's Finance
Department. The Quarterly Financial Report is intended to provide
our users (internal and external) with information regarding the City's
financial position and economic activity. This report includes
information for the quarter ending March 31 , 2022.
This report is presented in four sections.
1 . The Executive Dashboard section contains a high level
summary of the major operating funds using graphic
illustrations and key economic indicators. Narrative disclosures
are also included to highlight any significant changes or
fluctuations.
2. The Financial Summary section reports the performance of the
major operating funds of the City. In addition, the report
provides preliminary actuals and a comparison to the budget for
major revenue sources and expenditure items.
3. The Revenue & Economic Analysis section provides additional
analysis regarding key revenue sources and economic
indicators.
4. The Quarterly Investment Report section provides a summary
of the City's investment portfolio, interest earnings and a brief
market outlook.
The Quarterly Financial Report is intended to provide our users with
timely and relevant information. Please provide us with any
comments or suggestions you may have. If you would like additional
information, feel free to contact me.
Cassandra Ogden
Chief Financial Officer
215 East McKinney Street
Denton, TX 76201
940-349-7195 13
Section 1
City of Denton
Quarterly Financial Report
March 2022
Executive Dashboards
14
City of Denton, Texas
4GCI
TY
eneral Fund Executive Dashboard
DENTON
FY 2021-22 FY 2021-22 FY 2021-22
ANNUAL YTD PROJECTIONS
DESCRIPTION ACTUALS ANNUAL VARIANCE Revenue & Expenses (in Millions)
BUDGET 1 ■YTD Revenue ■YTD Expenses
Beginning Fund Balance $100
as of 09/30/21 $ 39.39 $ 38.63 $ 38.63 $90
RESOURCES:
Ad Valorem Taxes 49.73 48.10 48.91 -2% $80
Sales Tax 46.25 25.65 50.88 10% $70
Franchise Fees 3.63 1.75 3.13 -14%
Other Taxes 0.44 0.11 0.34 -23% $60
Service Fees 8.61 3.68 8.88 3% $50
Fines and Fees 2.63 0.87 1.86 -29%
Licenses and Permits 6.08 4.13 6.20 2% $40
Miscellaneous Revenue 3.94 1.23 3.31 -16% $30
Transfers In 29.01 14.09 29.00 0%
Total Revenues 150.32 99.61 152.51 1% $20
Total Resources 189.71 138.24 191.14 $10
EXPENDITURES: $
Personal Service 104.16 48.32 104.16 0% titi titi titi ti� ti� titi
Material and Supplies 3.59 1.10 3.59 0%
Maintenance and Repairs 1.90 0.80 1.90 0%
Insurance 1.63 0.72 1.63 0% Sales Tax Monthly Average by Quarter
Miscellaneous 1.74 0.46 1.74 0% $4.5
Operations 17.61 7.45 17.61 0%
Transfers Out 20.09 11.93 20.09 0% $4.0
Fixed Assets 0.58 0.22 0.58 0% $3.5
Total Expenditures 151.30 71.00 151.30 0%
$3.0
Net Income (Loss) (0.98) 28.61 1.21
$2.s
Ending Fund Balance $ 38.41 $ 67.24 $ 39.84
$2.0
TrendsKey $1.s
➢Projected revenues for sales tax,service fees,and licenses and permit projections are exceeding budget. $1.0
$0.s
'Annual adopted budget as amended or modified.Beginning Fund Balance represents the amount which was
estimated in the FY 2021-22 budget process. $
ti� ti� ti`6 tis' ti� ti� ti° ti° titi titi titi
Note: All figures presented are in millions of dollars.
15
City of Denton, Texas
CITY JElectric Fund Executive Dashboard
-
DENTONANNUAL YTD PROJECTIONS
DESCRIPTION BUDGET' ACTUALS ANNUAL VARIANCE
Beginning Working Capital S140 Revenue & Expenses (in Millions)
and Reserves as of 9/30/21 $ 109.04 $ 119.50 $ 119.50
RESOURCES: $120
Rate Revenues 163.52 68.58 168.74 3% $100
Transmission Revenue 56.16 24.50 56.16 0%
Other Revenues 4.75 17.59 18.63 292% $80
DEC Revenues 21.29 13.99 57.35 169% $60
Total Revenues 245.72 124.66 300.88 22%
$40
Total Resources 354.76 244.16 420.38
EXPENDITURES:
$20
Purchased Power 75.40 32.71 93.79 24% $0
DEC Fuel 12.48 5.71 38.22 206% Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22
Transmission of Power 19.18 8.12 19.18 0%
Personnel Service 20.10 9.61 22.39 11% ■YTD Revenue ❑YTD Expense
Operation and Maintenance 38.13 16.82 35.20 -8%
Debt Service 58.98 43.38 62.08 5% 2016-2022 Historical Quarterly GWH Sales
Transfers Out 16.21 8.94 16.77 3% 600
Capital Outlay 0.25 0.13 - -100%
Total Expenditures 240.73 125.42 287.63 19% 500
Net Income (Loss) 4.99 (0.76) 13.25 400
A A A A A A
Ending Working Capital
300
and Reserves $ 114.03 $ 118.74 $ 132.75
200
TrendsKey
➢Other Revenues are projected above budget due to proceeds of$15.2 million from the sale of the TMPA Coal Mine. 100
➢DEC Revenues are projected above budget due to increased energy prices.
➢Purchased Power and DEC Fuel expenditures are projected higher than budget due to increased energy and fuel prices. 0
➢Personnel Services expenditures are projected higher than budget due to overtime costs.Overtime was budgeted based 166 3Q16 167 3Q17 1Q18 3Q18 1Q19 3Q19 1020 3Q20 1Q21 3Q21 1Q22
on lower hours in order to prevent use of reserves.
Note: All figures presented are in millions of dollars.
'Annual adopted budget as amended or modified. Beginning Fund Balance represents the amount which was estimated in the FY 2020-21 budget process.
16
City of Denton, Texas
CITY •
Water Fund Executive Dashboard
DENTON FY2021-22 FY2021-22
ANNUAL YTD PROJECTIONS Revenue & Expenses (in Millions)
DESCRIPTION BUDGET 1 ACTUALS ANNUAL VARIANCE $30
Beginning Working Capital
$25
and Reserves as of09/30/21Z $ 20.55 $ 24.58 $ 24.58
RESOURCES: $20
Water Sales 41.42 19.58 41.27 0%
Other Water Revenues 2.19 0.78 1.73 -21% $15
Transfers In 2.03 1.04 2.13 5% $10
Impact Fee Revenue 6.61 3.30 6.61 0%
Total Revenues 52.25 24.70 51.74 -1% $5
Total Resources 72.80 49.28 76.32 $
EXPENDITURES: Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22
Personnel Service 9.01 3.62 8.04 -11%
■YTD Revenue ■YTD Expenses
Operations,Services 11.97 4.74 11.98 0%
Capital Outlay 13.70 3.75 13.70 0%
Debt Service 10.84 9.81 10.84 0% 2014-2022 Historical Quarterly Gallons Sold(in Millions)
Transfers Out 5.73 2.88 5.77 1%
Total Expenditures 51.25 24.80 50.33 -2% 2,500
Net Income(Loss) 1.00 (0.10) 1.41
2,000 Ending Working Capital
and Reserves $ 21.55 $ 24.48 $ 25.99
1,500
TrendsKey
➢ Lower than budgeted Water Tap Revenues. 1,000 -
mmk
➢ Personal Service is lower than budgeted due to several open vacancies.
500
0
'Annual adopted budget as amended or modified.Beginning Fund Balance represents the amount which was estimated in the p~ a do ,vo ti~ ryti ryti
FY 2021-22 budget process. IV o ^ a ti a ti a ti a d ad d 40, a
2The Beginning Working Capital balance excludes$19.9 M of Impact Fee Reserves and$1.00 million for Development Plan
Line Reserves. Note: All figures presented are in millions of dollars.
17
City of Denton, Texas -
F lUIuo
F Wastewater Fund Executive Dashboard
FY2021-22 FY2021-22
D E N T O N ANNUAL YT-D PROJECTIONS
DESCRIPTION BUDGET I ACTUALS ANNUAT, VARIANCE
Beginning Working Capital
Revenue& Expenses(in Millions)
and Reserves as of 09/30/212 $ 17.07 $ 16.46 $ 16.46 $20
RESOURCES: $18
Wastewater Fees 26.19 12.35 25.22 -4% $16
Other Wastewater Revenue 1.94 0.90 2.12 9% $14
Drainage Fees 5.64 2.68 5.66 0% $12
Transfer In 0.61 0.31 0.61 0% $10
Impact Fee Revenue 4.27 2.13 4.27 0% $8
Aid in Construction - - 8.00 8% $6
Total Revenues 38.65 18.37 45.88 19% $4
$2
Total Resources 55.72 34.83 62.34 $
EXPENDITURES: Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22
Personal Service 8.88 3.86 8.56 -41/
Operations,Services 9.65 3.89 9.33 -3% ■YTD Revenue ■YTD Expenses
Capital Outlay 5.64 0.83 6.03 7%
Debt Service 7.83 6.08 7.83 0% 2015-2022 Historical Quarterly Gallons Billed
Transfer Out 5.91 2.82 5.77 -2% 1,400 (in Millions)
Total Expenditures 37.91 17.48 37.52 4
1,200
Net Income(Loss) 0.74 0.89 8.36
1,000
Ending Working Capital
and Reserves $ 17.81 $ 17.35 $ 24.82 800
600
TrendsKey 400
➢Increase in projected Other Revenues due to current increase in Dyno Dirt Sales. 200
➢Increase in projected Aid in Construction due to the Milam Creek Project. 0
➢Projected increase in Capital Outlay due to projects. ti� by ti� ti� y ti^ tiro ti� ti� ti� vo vo ti� �ti titi
'Annual adopted budget as amended or modified.Beginning Fund Balance represents the amount which was estimated in
the FY 2 budget process. Note: All figures presented are in millions of dollars.
zThe Beginning Working Capital balance excludes$11.6 million of Impact Fee Reserves but includes$1.0 million for Drainage
Reserves,and$0.94 million for Development Plan Line Reserves.
18
City of Denton, Texas
OF Drainage Operations Executive Dashboard FY2021-22 FY2021-22 WWI
;DENTON `ftt �. v
ANNUAL YTD PROJECTIONS Revenue & Expenses(in Millions)
DESCRIPTION BUDGET' ACTUALS ANNUAL VARIANCE
REVENUES:
Residential Drainage Fees $ 2.16 $ 1.04 $ 2.16 0% $3.5
Nonresidential Drainage Fees 3.48 1.65 3.48 0% $3.0
Investmentlncome - - - 0%
Wastewater Resources - - - 0% $2.5
General Fund Transfer 0.37 0.18 0.37 0%
Total Revenues 6.01 2.87 6.01 0% $2•0
EXPENDITURES: $1.5
Personal Service 2.03 0.83 2.03 0%
$1.0
Operations,Services 0.81 0.32 0.81 0%
Capital Outlay 2.13 0.72 2.13 0% $0.5
Debt Service - - - 0%
Transfer Out 0.67 0.28 1.04 55% $-
Total Expenditures 5.64 2.15 6.01 7% Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22
■YTD Revenue ■YTD Expenses
Net Income(Loss) $ 0.37 $ 0.72 $ -
Key Trends
➢At this point in the fiscal year, expenditures and revenues are projected to
meet budgeted levels.
Note: All figures presented are in millions of dollars.
19
lCI) City of Denton, Texas
lY
� Solid Waste Fund Executive Dashboard No ;
DENTON FY2021-22 FY2021-22
ANNUAL YTD PROJECTIONS
DESCRIPTION BUDGET I ACTUALS ANNUAL VARIANCE Residential Curbside Collection Tonnage
Beginning Working Capital 10,000
and Reserves as of09/30/212 $ 6.21 $ 6.63 $ 6.63 9,000
RESOURCES: 8,000
,000
Collection&Disposal 32.75 15.89 31.57 -4% 7,000
Recycling 6.16 3.56 7.07 15% 5,000
Other Revenue 0.97 0.62 0.98 1% 4,000
Total Revenues 39.88 20.07 39.62 -1% 3,000
Total Resources 46.09 26.70 46.25 2,000
1,000
EXPENDITURES: 0
Personnel Service 11.55 5.23 11.29 -2% 2022
Operations,Services 10.73 4.10 9.50 -11% Qtr 2 Qtr 3 Qtr 4 Qtr1 Q2 Q3 Q4 Q1 Q2
Capital Outlay 2.51 1.85 2.61 4% ■Refuse Tonnage Recycling and ReuseTonnage
Debt Service 5.69 5.31 5.69 0%
Landfill Closure 0.72 0.36 0.72 0% Commercial Refuse & Recycling(Front&Side Load)
Transfer Out 5.97 2.90 5.97 0% Cubic Yards Serviced per Week
Total Expenditures 37.17 19.75 35.78 -4%
30,000
Net Income(Loss) 2.71 0.32 3.84
Ending Working Capital 25,000
and Reserves $ 8.92 $ 6.95 $ 10.47 20,000
15,000
Key Trends 10,000
➢Recycling Projection is trending higher due to residential refuse. 5,000
➢Operations,Services is projecting lower than budgeted due to decrease in maintenance and service.
0
2022
Qtr 2 Qtr 3 Qtr 4 Q1 Q2 Q3 Q4 Q1 Q2
■Commercial Refuse ■Commercial Recycling
'Annual adopted budget as amended or modified.Beginning Working Capital and Reserves represents the amount which was
estimated in the FY 2021-22 budget process.
2The Beginning Working Capital and Reserves excludes$12.0 million of Landfill Closure/Post Closure reserves. Note: All figures presented are in millions Of dollars.
20
City of Denton, Texas
4(t)[ IMMMM
-
Airport Fund Executive Dashboard
DENTON FY2021-22 FY2021-22
ANNUAL YTD PROJECTIONS
DESCRIPTION BUDGET 1 ACTUALS ANNUAL VARIANCE
Beginning Working Capital GAS WELL REVENUE
and Reserves as o f 0 9/3 0/2 1 $ 2.61 $ 2.90 $ 2.90 (in millions of dollars by fiscal year)
RES OURCES: $2 0
Airpo rt Gro und Le a s e s 0.80 0.42 0.80 0'%
FBO Commissions 0.21 0.12 0.21 0IV
Fuel Flowage Fees 0.12 0.05 0.12 0'%
Total Operating Revenues 1.13 0.59 1.13 0%
EXPENDITURES: $1.0
PelsonalService 0.43 0.18 0.43 0%
Operations, Services 0.40 0.09 0.40 0%
TransferOut 0.46 0.23 0.46 0%
Total Operating Expenditures 1.29 0.51 1.29 0%
Net Operating Income (Loss) (0.16) 0.08 (0.16) $0.0
NON-OPERATING REVENUES: 2020 2021 2022
Inve stme nt Inc ome 0.04 0.02 0.04 0'yo
Gas We11Royalties 0.23 0.18 0.23 0'%
M➢s c e lla n e o n Income 0.00 0.00 0.00 0/o AIRPORT OPERATIONS BY QUARTER
Total Non-Operating Revenues 0.27 0.19 0.27 0% (takeoff or landing by fiscal year)
NON-OPERATING EXPENDITURES: 60,000
DebtService 0.72 0.62 0.72 0%
TransferOut- Capital - - - 0%
TotalNon-Operating Expenditures 0.72 0.62 0.72 0% 50,000
Net Non-Operating Income (Loss) (0.45) (0.43) (0.45)
Net Income (Loss) (0.61) (0.35) (0.61) 40,000
Ending Working Capitaland Reserves $ 2.00 $ 2.55 $ 2.29
30,000
TrendsKey
➢At this point in the year,Airport revenues and expenses are expected to meet budget 20,000
expectations. ti� ti� ti9 do yo do do yti titi titi titi titi titi
tia ,Fa $1 _10' tia ,110- �-n' la tia 112' as 1�y tiQ
'Annual adopted budget as amended or modified.Beginning Working Capital and Reserves represents the amount Note:All financial amounts presented are in millions of dollars.
which was estimated in the FY 2021-22 budget process.
21
4OF City of Denton, Texas 4M
10
DENTONStreet Improvement Fund Executive Dashboard ,...
- -
FY 2021-22 FY 2021-22
ANNUAL YTD PROJECTIONS
Revenue&Expenses(in Millions)
DESCRIPTION BUDGET 1 AC TUALS ANNUAL VARIANCE $9.0
Beginning Working Capital $8.0
and Reserves as of 09/30/21 $ 3.93 $ 4.50 $ 4.50 $70
RES O URC ES: $6.0
Franchise Fees 14.48 7.00 14.48 0% $5.0
Street Cuts 0.03 - - -100% $4.0
Investment Income 0.04 0.01 0.04 0% $3.0
Transfers In 1.31 0.71 1.31 0% $20
Total Revenues 15.86 7.72 15.83 0%
$t.o
Total Resources 19.79 12.22 20.33 $-
O.t-21 Nov-21 D-1 S--22 Feb-22 Mar-22
EXPENDITURES: ■YTD Revenue ■YTD Expenses
Personal Service 3.55 1.34 3.55 0%
Materials & Supplies 0.10 0.05 0.10 0%
Tons of Asphalt Laid (in Thousands)
Maintenance & Repairs 6.51 1.51 6.51 0% 12
Operations, Services 0.85 0.36 0.85 0% 9
Transfer Out 5.31 0.59 5.31 0%
Total Expenditures 16.32 3.85 16.32 0% 6
Net Income (Loss) (0.46) 3.87 (0.49) 3
Ending Fund Balance $ 3.47 $ 8.37 $ 4.02 0 -16r
Qtrl Qtr2 Qtr3 Qtr4
■FY20-21 ❑FY21-22
Lane Miles Surface Treatment
Key Trends 100
80
➢ Revenues and expenditures are projected to meet budgeted levels except for 60
Street Cuts which has been reduced due to the utilities anticipating completion 40
of their own repairs for the remainder of the year. 20
0
Qtr 1 Qtr 2 Qtr 3 Qtr 4
■FY 20-21 FY21-22
'Annual adopted budget as amended or modified. Beginning Fund Balance represents the amount
which was estimated in the FY 2021-22 budget process. Note: All figures presented are in millions of dollars.
22
City of Denton, Texas
CITY
0F 9"rON"
DENTON Grants Dashboard " � _.LL
FY 2021-22 FY 2021-22 FY 2021-22 Grant Budgets & Expenses (in Millions)
GRANT YTD
DESCRIPTION BUDGET AC TUALS $60.0
2021-22 Budget
Comm Development $ 7.61 $ 1.38 $40.0
Public Safety 2.18 0.19
Transportation 44.47 2.96 $20.0
Other 25.24 0.72
Total Budget 79.50 5.25 $
c w
G W m LL Q F
0 LL N H 0
New Awards
Public Safety 0.06 0.06 ■Budgets ■Expenses
Transportation 0.18 0.18 FY 2021-22 Grant Budgets
Total New Awards 0.24 0.24
COMM DEV
9.54% PUBLIC
Totals $ 79.74 $ 5.49 SAFETY
OTHER 2.81%
31.64%
Key Trends
The following is the detail of the new grants received and budgeted in FY 2021-22:
➢Chapter 59 Asset Forfeitures: $13,794
➢U.S. Marshals Violent Offenders Task Force: $18,625
➢North Texas Organized Crime Task Force: $3,123 TRANS
➢PD-Law Enforcement Officer Standards&Education:$21,5 3 5 55.99%
➢U.S. Immigration&Customs Enforcement : $1,392
➢TxDot-CMAQ-School Connection Sidewalks: $68,240
➢TxDot-Safe Routes to School: $107,200
Note: All figures presented are in millions of dollars.
23
Section 2
City of Denton
Quarterly Financial Report
March 2022
This report is designed for internal use and does not include all the
funds and accounts included in the City of Denton's operations. The
information provided is unaudited; for a complete audited report,
please refer to the City of Denton Comprehensive Annual Financial
Report, available through the City's Finance Department, City
Secretary's Office, or Denton Public Libraries.
FINANCIAL SUMMARY
24
City of Denton
General Fund
Schedule of Revenues-Budget vs Projection(Unaudited)
For the Period Ended March 31,2022
PRIOR BUDGET CURRENT ANNUAL ANNUAL BUDGET VS
REVENUE DESCRIPTION Y-T-D Y-T-D Y-T-D BUDGET PROJECTION PROJECTION
Current Year-Ad Valorem $ 47,419,946 $ 24,551,460 $ 47,812,458 $ 49,083,288 $ 48,388,727 -1%
Delinquent-Ad Valorem 69,086 127,798 84,863 255,594 150,724 -41%
Miscellaneous Penalties&Fees 150,448 216,890 205,665 388,256 367,903 -5%
Ad Valorem Taxes 47,639,480 24,896,148 48,102,986 49,727,138 48,907,354 -2%
Sales Tax 21,211,268 23,585,939 25,652,304 46,246,938 50,879,415 10%
Franchise-Gas Utilities 85,596 71,501 96,474 274,458 236,640 -14%
Franchise-Private Electric Utilities 21,130 9,649 19,888 86,425 74,516 -14%
Franchise-Cable 69,762 64,437 59,213 173,069 149,221 -14%
Franchise-Telecom 17,851 21,835 10,217 58,647 50,566 -14%
Franchise-Denton Municipal Utilities 1,483,744 1,102,215 1,565,585 3,036,038 2,617,694 -14%
Franchise Fees 1,678,083 1,269,637 1,751,377 3,628,637 3,128,637 -14%
Other Taxes 20,500 111,631 113,458 446,522 340,000 -24%
Ambulance Service Fees 1,370,143 1,522,262 1,687,146 4,334,724 3,873,786 -11%
Fire Department Fees 63,076 73,977 96,096 147,952 186,611 26%
Building Inspections Fees 285,498 257,245 336,958 556,742 640,764 15%
Park Department Fees 152,073 209,865 294,740 1,448,690 1,499,072 3%
Planning Department Fees 810,174 1,127,054 1,208,912 2,010,213 2,519,277 25%
Miscellaneous Service Fees 38,940 56,753 57,979 113,486 156,777 38%
Service Fees 2,719,904 3,247,156 3,681,831 8,611,807 8,876,287 3%
Denton Municipal Fines 316,222 578,017 329,244 1,156,000 782,187 -32%
Parking Fines 14,175 69,500 53,050 139,000 103,594 -25%
Miscellaneous Fines and Fees 177,337 207,947 205,805 471,535 396,637 -16%
Court Administrative and Service Fees 222,200 411,211 282,418 866,137 579,113 -33%
Fines and Fees 729,934 1,266,675 870,517 2,632,672 1,861,531 -29%
Demolition Permits 6,427 7,250 4,813 14,500 8,865 -39%
Building Permits 3,205,208 3,402,482 4,099,630 6,008,546 6,129,648 2%
Certificate of Occupancy 22,015 26,500 23,925 53,000 47,314 -11%
Miscellaneous Licenses and Permits 8,439 3,006 6,117 6,009 11,146 85%
Licenses and Permits 3,242,089 3,439,238 4,134,485 6,082,055 6,196,973 2%
Investment Income 162,404 (392,500) 53,566 785,000 375,000 -52%
Miscellaneous Revenues 641,699 1,002,053 1,164,126 3,154,232 2,936,784 -7%
Miscellaneous Resources 804,103 609,553 1,217,692 3,939,232 3,311,784 -16%
ROI-Denton Municipal Utilities 6,046,363 7,472,874 7,449,068 15,459,438 15,459,438 0%
Transfers 8,213,612 6,778,275 6,645,679 13,551,129 13,545,904 0%
Transfers 14,259,975 14,251,149 14,094,747 29,010,567 29,005,342 0%
Total General Fund Revenues $ 92,305,336 $ 729677,126 $ 999619,397 $ 150,325,568 $ 152,507,323 1%
25
City of Denton
General Fund
Schedule of Expenditures-Budget vs Projection(Unaudited)
For the Period Ended March 31,2022
PRIOR BUDGET CURRENT ANNUAL ANNUAL BUDGET VS
Y-T-D Y-T-D Y-T-D BUDGET PROJECTION PROJECTION
NEIGHBORHOOD SERVICES
Building Inspections $ 1,599,244 $ 19835,150 $ 1,602,311 $ 3,668,837 $ 3,668,837 0%
Community Improvement Services 350,479 389,848 2,127 779,379 779,379 0%
Libraries 3,030,397 39329,504 3,016,896 6,656,368 6,656,368 0%
Parks and Recreation 4,672,692 7,467,833 6,936,223 14,572,452 14,572,452 0%
Planning 928,818 19163,884 1,039,873 2,876,834 2,876,834 0%
Development Services Admin 596,252 759,565 549,307 1,518,530 1,518,530 0%
Gas Well Review 64,322 188,520 62,654 376,899 376,899 01/.
Social Services 547,271 19148,137 1,086,690 2,325,382 2,325,382 0%
11,789,475 16,282,441 14,296,081 32,774,681 32,774,681 0%
PUBLIC SAFETY
Animal Services 19208,146 19342,106 1,129,730 2,683,147 2,683,147 0%
Fire 16,236,312 17,457,909 17,667,562 35,246,455 35,246,455 0%
Municipal Judge 203,833 283,655 250,880 567,082 567,082 0%
Police 19,932,556 22,709,257 21,201,664 45,400,386 45,400,386 0%
38,222,344 41,792,927 40,249,836 83,897,070 83,897,070 0%
TRANSPORTATION
Traffic Operations 841,329 1,193,041 1,220,376 2,385,130 2,385,130 0%
Street Lighting 446,108 425,170 476,500 850,000 850,000 0%
1,287,437 1,618,211 1,696,876 3,235,130 3,235,130 0%
ADMINISTRATIVE&COMMUNITY SERVICES
City Manager's Office 19256,893 19190,093 956,297 2,429,193 2,429,193 0%
Economic Development 964,460 2,218,182 876,820 4,434,595 4,434,595 0%
Finance 19867,107 29824,093 2,620,260 5,645,942 5,645,942 0%
Human Resources 1,188,990 1,433,002 1,409,461 2,820,895 2,820,895 0%
Internal Audit 242,662 280,746 2719052 5619268 561,268 0%
Legal Administration 1,712,262 1,655,853 1,367,548 3,310,390 3,310,390 0%
Public Affairs 919,492 1,285,109 943,979 2,569,200 2,569,200 0%
Non-Departmental 69305,190 49803,930 6,3079053 9,6179981 9,6179981 0%
14,457,056 15,691,008 14,752,470 31,389,464 31,389,464 0%
TOTAL EXPENDITURES $ 65,756,312 $ 75,384,587 $ 70,995,263 S 151,2969345 $ 151,2969345 0%
26
City of Denton
Electric Fund
Schedule of Revenues and Expenditures-Budget vs Projection(Unaudited)
For the Period Ended March 31,2022
PRIOR BUDGET CURRENT ANNUAL ANNUAL BUDGET VS
DESCRIPTION Y-T-D Y-T-D Y-T-D BUDGETI PROJECTION PROJECTION
Beginning Working Capital
and Reserves as of 9/30/21 $ 109,035,229 $ 119,498,711
REVENUES:
Rate Revenues $ 65,083,188 $ 75,869,829 $ 68,582,864 163,523,145 168,737,564 3%
Transmission Revenues 21,271,872 19,054,939 24,503,474 56,160,399 56,160,399 0%
Other Revenues 1,679,891 2,150,866 17,583,993 4,752,353 18,631,118 292%
DEC Revenues 123,422,139 9,342,934 13,989,604 21,293,023 57,349,601 169%
Total Revenues 211,457,090 106,418,568 124,659,935 245,728,920 300,878,682 22%
EXPENDITURES:
Purchased Power 263,886,885 33,344,338 32,705,324 75,398,210 93,788,174 24%
DEC Fuel 16,886,443 5,514,244 5,712,222 12,475,775 38,220,433 206%
Transmission of Power 7,022,352 6,115,924 8,120,225 19,182,169 19,182,169 0%
Personnel Services 8,622,714 9,821,121 9,606,870 20,102,836 22,394,234 11%
Materials and Supplies 254,079 950,727 580,660 2,426,485 1,869,212 -23%
Maintenance and Repair 305,822 583,754 443,840 1,382,671 1,119,861 -19%
Insurance 195,774 1,117,194 1,338,965 2,234,388 2,205,767 -1%
Return on Investment 5,028,594 5,159,871 6,361,056 11,785,382 11,785,382 0%
Franchise Fee 4,186,090 4,660,338 5,296,224 10,644,166 10,644,166 0%
Miscellaneous 451,907 538,040 349,493 755,600 760,696 1%
Operations 2,866,962 4,342,111 2,450,875 8,903,126 6,803,267 -24%
Debt Service 39,574,427 43,378,964 43,378,964 58,984,872 62,079,904 5%,
Interfund Transfers 8,360,689 8,107,126 8,944,321 16,214,249 16,766,940 3%
Capital Outlay 390,000 133,494 133,494 253,494 - -1000/o
Total Expenditures 358,032,738 123,767,246 125,422,533 2409743,423 287,620,205 19%
Net Income(Loss) $(146,575,648) $ (17,348,678) $ (762,598) 4,985,497 13,258,477
Ending Working Capital and Reserves $ 114,020,726 $ 132,757,188
'Annual adopted budget as amended or modified.Beginning Working Capital and Reserves represents the amount
which was estimated in the FY 2021-22 budget process.
27
City of Denton
Water Fund
Schedule of Revenues and Expenditures-Budget vs Projections(Unaudited)
For the Period Ended March 31,2021
PRIOR BUDGET CURRENT ANNUAL ANNUAL BUDGET VS
DESCRIPTION Y-T-D Y-T-D Y-T-D BUDGET PROJECTION PROJECTION
Beginning Working Capital
and Reserves as of 09/30/211 $ 20,546,185 $ 24,582,745
REVENUES:
Water Sales Residential $ 8,564,744 $ 10,763,809 $ 8,879,723 21,519,010 21,519,010 0%
Water Sales Commercial 7,562,314 9,241,664 8,598,374 18,475,937 17,701,041 -4%
Water for Resale 1,769,062 712,232 2,103,194 1,423,894 2,063,270 45%
Other Water 774,032 946,574 781,230 1,892,391 1,608,676 -15%
Transfers In 838,442 1,017,044 1,016,638 2,033,275 2,125,275 5%
Investment Income 62,413 150,060 21,507 300,000 115,000 -62%
Impact Fee Revenue 3,303,821 3,303,821 3,302,502 6,605,000 6,605,000 0%
Total Revenues 22,874,828 26,135,204 24,703,168 52,249,507 51,737,272 -1%
EXPENDITURES:
Personal Service 3,829,570 4,615,700 3,617,484 9,013,419 8,038,296 -11%
Purchased Power 602,352 705,678 718,287 1,410,789 1,413,789 0%
Materials and Supplies 565,431 901,842 692,997 1,789,771 1,702,929 -5%
Maintenance and Repairs 791,086 1,068,191 751,768 2,169,508 2,129,866 -20%
Insurance 127,938 124,717 112,853 244,905 240,469 -2%
Miscellaneous 136,165 178,260 81,121 348,584 337,784 -30%
Operations,Services 670,717 1,126,178 831,670 2,481,117 2,637,309 6%
Capital Outlay 5,032,531 6,853,122 3,749,168 13,700,759 13,700,759 01/6
Return on Investment 593,039 725,120 640,962 1,449,659 1,449,659 0%
Franchise Fee 847,198 1,035,885 915,660 2,070,942 2,070,942 0%
Debt Service 9,936,365 5,419,720 9,805,801 10,835,105 10,835,105 00/6
Transfers Out 2,747,380 2,879,936 2,882,779 5,733,661 5,765,557 1%
Total Expenditures 25,880,931 25,635,849 24,801,265 51,251,219 50,325,464 -2"/o
Net Income(Loss) $ (3,006,103) $ 499,355 $ (98,097) 998,288 1,411,808
Ending Working Capital
and Reserves $ 21,544,473 $ 25,994,553
The Beginning Working Capital balance excludes$19,916,357 of Impact Fee Reserves and includes$1,000,000 for Development Plan Line Reserves.
2 Annual adopted budget as amended or modified.Beginning Fund Balance represents the amount which was estimated in the FY 2021-22
budget process.
28
City of Denton
Wastewater Fund
Schedule of Revenues and Expenditures-Budget vs Projections(Unaudited)
For the Period Ended March 31,2022
PRIOR BUDGET CURRENT ANNUAL ANNUAL BUDGET VS
DESCRIPTION Y-T-D Y-T-D Y-T-D BUDGET' PROJECTION PROJECTION
Beginning Working Capital
and Reserves as of 09/30/211 $ 17,068,351 $ 16,455,340
REVENUES:
Residential Fees $ 5,754,054 $ 6,284,491 $ 5,776,373 11,879,945 11,554,409 -3%
Commercial Fees 5,630,570 6,657,829 6,184,633 13,504,172 12,991,745 -4%
Effluent Irrigation Fees 40,594 48,255 53,287 96,470 86,411 -10%
Wholesale Fees 345,698 356,694 3299065 713,103 586,639 -18%
Other Wastewater Fees 794,127 9179359 8859480 1,833,982 2,092,205 14%
Drainage Fees 2,570,336 2,845,102 2,684,326 5,638,695 5,663,705 0%
Transfer In 299,826 305,945 305,823 611,645 611,645 0%
Investment Income 42,255 50,020 14,394 100,000 19,627 -80%
Impact Fee Reserves 2,135,854 2,135,854 2,134,998 4,270,000 4,270,000 0%
Aid in Construction - 8,000,000
Total Revenues 17,613,314 19,601,549 18,368,379 38,648,012 45,876,386 19%
EXPENDITURES:
Personal Service 4,014,599 4,442,683 3,858,125 8,881,839 8,557,682 -4%
Purchased Power 493,511 610,743 497,124 1,2219000 1,221,000 0%
Materials and Supplies 526,360 661,978 572,620 1,323,420 1,323,120 0%
Maintenance and Repairs 683,588 1,228,257 575,003 2,375,605 2,208,138 -7%
Insurance 134,893 137,188 127,167 274,271 274,269 0%
Miscellaneous 22,254 18,312 89547 36,617 35,518 -3%
Operations,Services 936,610 1,063,575 1,015,203 2,206,212 2,135,131 -3%
Capital Outlay 2,760,792 2,821,286 826,517 5,640,309 6,032,469 7%
Return on Investment 424,729 456,226 447,050 912,087 879,648 -4%
Franchise Fee 606,756 651,751 638,643 1,302,981 1,256,640 -4%
Debt Service 5,883,790 3,914,130 6,080,201 7,825,131 7,825,131 0%
Transfers Out 2,707,954 2,954,705 2,828,238 5,907,049 5,770,292 -2%
Total Expenditures 19,195,836 18,960,834 17,474,438 37,906,521 37,519,038 -1%
Net Income(Loss) $ (1,582,522) $ 640,715 $ 893,941 741,491 8,357,348
Ending Working Capital
and Reserves $ 17,809,842 $ 24,812,688
The Beginning Working Capital balance excludes$11.6 million of Impact Fee Reserves but includes$1.0 million for Drainage Reserves,
and$0.94 million for Development Plan Line Reserves.
'Annual adopted budget as amended or modified.Beginning Fund Balance represents the amount which was estimated
in the FY 2021-22 budget process.
29
City of Denton
Drainage Operations
Schedule of Revenues and Expenditures-Budget vs Projections(Unaudited)
For the Period Ended March 31,2022
PRIOR BUDGET CURRENT ANNUAL ANNUAL BUDGET VS
DESCRIPTION Y-T-D Y-T-D Y-T-D BUDGET PROJECTION PROJECTION
REVENUES:
Residential Drainage Fees $ 995,035 $ 1,059,596 $ 1,037,962 $ 2,158,037 $ 2,158,037 0%
Nonresidential Drainage Fees 1,575,300 1,785,506 1,646,364 3,480,658 3,480,658 0%
Wastewater Resources - - - - - 0%
General Fund Transfer 179,976 183,649 183,576 367,151 367,151 0%
Total Revenues 2,750,311 3,028,751 2,867,902 6,005,846 6,005,846 0%
EXPENDITURES:
Personnel Service 827,268 1,011,404 828,437 2,022,003 2,022,003 0%
Materials and Supplies 18,439 44,474 27,816 88,900 88,900 0%
Maintenance and Repairs 91,222 67,276 41,698 134,500 134,500 0%
Insurance 22,284 21,410 18,568 42,801 42,801 0%
Miscellaneous 2,080 8,452 6,880 16,900 16,900 0%
Operations,Services 196,548 264,702 228,005 529,182 529,182 0%
Capital Outlay 690,541 1,012,979 716,296 2,130,982 2,130,982 0%
Debt Service - - - - - 0%
Transfer Out 218,449 336,850 279,805 673,428 1,040,578 55%
Total Expenditures 2,066,831 2,767,547 2,147,505 5,638,696 6,005,846 7%
Net Income(Loss) $ 683,480 $ 261,204 $ 720,397 $ 367,150 $ -
30
City of Denton
Solid Waste Fund
Schedule of Revenues and Expenditures-Budget vs Projection(Unaudited)
For the Period Ended March 31,2022
PRIOR BUDGET CURRENT ANNUAL ANNUAL BUDGET VS
DESCRIPTION Y-T-D Y-T-D Y-T-D BUDGET PROJECTION PROJECTION
Beginning Working Capital
and Reserves as of 09/30/211 $ 6,210,148 $ 6,629,830
REVENUES:
Refuse Fees-Residential $ 2,279,799 $ 2,672,680 $ 2,371,554 5,429,866 4,710,279 -13%
Refuse Fees-Commercial 7,140,914 7,355,220 7,221,044 15,134,905 14,455,248 -4%
Residential Recycling 2,776,852 2,385,623 2,886,152 4,769,339 5,719,100 20%
Commercial Recycling 634,009 694,792 678,185 1,389,027 1,353,002 -3%
Landfill Gate and Material Sales 5,127,744 5,873,219 6,292,309 12,183,212 12,404,387 2%
Recycled Material Sales 33,672 34,696 33,672 69,364 69,268 0%
Asset Sales and Interest Income 73,573 206,276 401,230 412,385 403,482 -2%
Other Revenue 181,241 240,891 185,787 493,295 507,050 3%
Total Revenues 18,247,804 19,463,397 20,069,933 39,881,393 39,621,816 -1%
EXPENDITURES:
Personal Service 5,222,937 5,778,423 5,231,203 11,552,240 11,290,299 -2%
Materials and Supplies 136,481 456,400 223,771 767,522 738,301 -4%
Maintenance and Repairs 108,453 157,774 117,002 295,901 306,237 3%
Insurance 147,343 148,026 131,398 295,935 463,386 57%
Miscellaneous 26,208 33,171 13,724 66,320 49,110 -26%
Operations,Services 2,444,779 3,618,742 2,643,701 7,381,496 6,022,484 -18%
Capital Outlay 8,352,918 1,247,581 1,849,281 2,511,679 2,613,219 4%
Debt Service 6,460,685 5,308,351 5,308,416 5,690,617 5,690,617 0%
Franchise Fee 902,652 956,246 977,397 1,911,728 1,911,728 0%
Transfers for Landfill Closure 351,324 359,645 359,502 719,000 719,000 0%
Admin Transfers Out 2,605,134 2,988,329 2,897,509 5,974,266 5,974,266 0%
Total Expenditures 26,758,914 21,052,688 19,752,904 37,166,704 35,778,647 -4%
Net Income(Loss) $ (8,511,110) $ (1,589,291) $ 317,029 2,714,689 3,843,169
Ending Working Capital
and Reserves $ 8,924,837 $ 10,472,999
The Beginning Working Capital Reserve excludes$11,992,859 Landfill Closure/Post Closure Reserves.
2 Annual adopted budget as amended or modified.Beginning Fund Balance represents the amount which was estimated in the FY 2021-22 budget process.
31
City of Denton
Airport Fund
Schedule of Revenues and Expenditures-Budget vs Projection(Unaudited)
For the Period Ended March 31,2022
PRIOR BUDGET CURRENT ANNUAL ANNUAL BUDGET VS
DESCRIPTION Y-T-D Y-T-D Y-T-D BUDGET] PROJECTION PROJECTION
Beginning Working Capital
and Reserves as of 09/30/21 $ 2,606,662 $ 2,899,720
OPERATING REVENUES:
Airport Ground Leases $ 404,004 $ 400,406 $ 422,956 800,492 800,492 0%
FBO Commissions 72,323 106,122 117,446 212,160 212,160 0%
Miscellaneous 62,960 59,304 48,761 118,560 118,560 0%
Total Operating Revenues 539,287 565,832 589,163 1,131,212 1,131,212 0%
OPERATING EXPENDITURES:
Personal Service 196,738 216,037 182,721 431,901 431,901 0%
Materials and Supplies 3,258 17,397 7,215 34,790 34,790 0%
Maintenance and Repairs 3,985 38,216 2,709 76,400 76,400 0%
Insurance 13,307 13,710 14,266 27,412 27,412 0%
Miscellaneous - 49 - 100 100 0%
Operations 65,708 131,116 65,342 262,135 262,135 0%
Transfers Out-Operating 226,205 231,439 234,263 462,696 462,696 0%
Total Operating Expenses 509,201 647,964 506,516 1,295,434 1,295,434 0%
Operating(Loss) 30,086 (82,132) 82,647 (164,222) (164,222)
NON-OPERATING REVENUES:
Investment Income 18,443 20,409 5,791 40,800 40,800 0%
Gas Well Royalties 80,928 115,961 179,942 231,830 231,830 0%
Total Non-Operating Revenues 99,371 136,370 185,733 272,630 272,630 0%
NON-OPERATING EXPENDITURES:
Debt Service 647,518 618,323 618,323 724,659 724,659 0%
Transfers Out-Capital - - - - - 0%
Total Non-Operating Expenses 647,518 618,323 618,323 724,659 724,659 0%
Non-Operating Income(Loss) (548,147) (481,953) (432,590) (452,029) (452,029)
Net Income(Loss) $ (518,061) $ (564,085) $ (349,943) (616,251) (616,251)
Ending Working Capital $ 1,990,411 $ 2,283,469
1 Annual adopted budget as amended or modified.Beginning Working Capital and Reserves represents the amount which was estimated in the FY 2021-22 budget process.
32
City of Denton
Street Improvement Fund
Schedule of Expenditures-Budget vs Projections(Unaudited)
For the Period Ended March 31,2022
PRIOR BUDGET CURRENT ANNUAL ANNUAL BUDGET VS
DESCRIPTION Y-T-D Y-T-D Y-T-D BUDGET' PROJECTION PROJECTION
Beginning Fund Balance
as of 9/30/2021 $ 3,928,623 $ 4,503,637
RESOURCES:
Franchise Fees $ 5,721,556 $ 7,241,060 $ 7,005,507 14,476,328 14,476,328 0%
Street Cuts 24,873 16,920 - 33,827 - -100%
Investment Income 16,554 21,009 5,925 42,000 42,000 0%
Transfers In 622,235 653,264 709,156 1,306,002 1,306,002 0%
Total Resources 6,385,218 7,932,253 7,720,588 15,858,157 15,824,330 0%
EXPENDITURES:
Personal Service 1,432,448 1,775,164 1,336,986 3,548,910 3,548,910 0%
Materials and Supplies 19,737 50,621 48,181 101,200 101,200 0%
Maintenance and Repairs 1,864,108 3,258,475 1,506,737 6,514,348 6,514,348 0%
Insurance 43,539 44,862 63,231 89,690 89,690 0%
Miscellaneous 3,536 3,552 615 7,100 7,100 0%
Operations,Services 230,350 405,184 304,376 775,047 775,047 0%
Transfer Out 450,150 2,624,157 589,747 5,281,213 5,281,213 0%
Total Expenditures 4,043,868 8,162,015 3,849,873 16,317,508 16,317,508 0%
Net Income(Loss) $ 2,341,350 $ (229,762) $ 3,870,715 (459,351) (493,178)
Ending Fund Balance $ 3,469,272 $ 4,010,459
'Annual adopted budget as amended or modified.Beginning Fund Balance represents the amount which was estimated in the FY 2021-22 budget process.
33
City of Denton
Grants
Schedule of Expenditures(Unaudited)
For the Period Ended March 31,2022
EXPENDITURES CURRENT ANNUAL
GRANT DESCRIPTION AS OF 9/30/20211 Y-T-D BUDGET
FY 2021-22 Budget
US Dept of HUD-
Community Development Block Grant(CDBG) $ 6,293,330 $ 463,457 $ 2,372,988
US Dept of HUD-
Community Development Block Grant(CDBG)-
CARES ACT 529,359 383,966 1,180,791
Texas Emergency Rental Assistance Program-
CARES Act 187,444 - 18,957
US Dept of HUD-
HOME Investment Partnership Program 5,241,002 247,648 3,015,263
Emergency Solutions Grants Program-CARES Act 1,039,136 289,536 1,018,267
Community Development' 13,290,271 1,384,607 7,606,266
TxDot STEP Comprehensive Grant - 13,290 78,500
National Sexual Assault Kit Initiative Grant 100,888 19,533 445,149
2020 UASI-Specialized Regional Response Teams
Sustainment 132,416 11,291 123,003
2021 UASI-Specialized Regional Response Teams
Sustainment - - 94,575
2021 UASI-Regional Warning Siren Cyber Security - - 43,692
2019 Staffing for Adequate Fire&Emergency
Response(SAFER)Grant 167,676 133,956 1,026,738
Urban Search&Rescue Response System(TEEX) - 7,287 330,000
Texas Intrastate Fire Mutual Aid System-Emergency
Response - 4,026 40,000
Denton Police Department-Coronavirus Response
Grant 80,416 1,896 3,088
Public Safety' 481,396 191,279 2,184,745
Airport Maintenance(RAMP)Grant - 1,272 50,000
TxDot-RTR-Mayhill Rd-I1135 E to US 380 48,984,689 1,475,637 14,896,002
TxDot-RTR-Bonnie Brae Rd-I1135 E to US 377 27,295,314 833,307 19,907,802
TxDot-IH35E at Loop 288/Lillian Miller Pkwy - - 53,865
TxDot-RTR-McKinney(Formerly FM426) 15,977,398 458,893 2,895,944
TxDot-RTR-Hickory Creek FM2181-FM2499 2,041,307 5,872 359,920
TxDot-RTR-North Texas Boulevard Roundabout 268,344 79,807 1,891,555
TxDot-Sycamore-Welch Bicycle&Pedestrian - 102,240 1,500,000
NCTCOG-Waze Data Sharing - - 5,000
Airport Grant-CARES Act 157,000 - 157,100
Airport Coronavirus Relief Grant Program 57,000 - 57,000
Airport Coronavirus Relief Grant Program - - 34,162
Denton County Transportation Authority(DCTA)
Transportation Reinvestment Program(TRIP) - - 2,517,997
American Rescue Plan(ARP)Act of 2021-Airport
Rescue Grants - - 148,000
Transportation' 94,781,052 2,957,028 44,474,347
34
City of Denton
Grants
Schedule of Expenditures(Unaudited)
For the Period Ended March 31,2022
EXPENDITURES CURRENT ANNUAL
GRANT DESCRIPTION AS OF 9/30/20211 Y-T-D BUDGET
Interlibrary Loan Program(ILL) - - 35,000
TexTreasures Grant - - 24,820
Green Ribbon Grant - 3,605 773,666
Texas Commission on the Arts Cultural District
Grant - - 100,000
NCTCOG-Solid Waste Implementation Grant-Parks
&Recreation - - 200,000
NCTCOG-Solid Waste Implementation Grant-Solid
Waste - - 67,723
Governor's Community Achievement Award - - 290,000
American Rescue Plan(ARP)Act of 2021 6,136 718,626 23,290,438
Miscellaneous New Grants - - 460,000
Other 6,136 722,231 25,241,647
Total FY 2021-22 Budget 108,558,855 5,255,145 79,507,005
New Awards
Chapter 59 Asset Forfeitures - 13,794 13,794
U.S.Marshals Violent Offenders Task Force - 18,625 18,625
North Texas Organized Crime Task Force
(NTOCTF) - 3,123 3,123
PD-Law Enforcement Officer Standards&
Education - 21,535 21,535
U.S.Immigration&Customs Enforcement Homeland
Security Investigations - 1,392 1,392
Public Safety - 58,469 58,469
TxDot-CMAQ-School Connection Sidewalks - 68,240 68,240
TxDot-Safe Routes to School-Ginnings Elementary
School&Lee Elementary School - 107,200 107,200
Transportation' - 175,440 175,440
Total New Awards - 233,909 233,909
TOTALS $ 108,558,855 $ 5,489,054 $ 79,740,914
'A portion of the grants presented cover multiple years.
35
Section 3
City of Denton
Quarterly Financial Report
March 2022
REVENUE & ECONOMIC
ANALYSIS
36
Revenue & Economic Analysis
Summary
The data included in this section provides information on local, state
and national trends impacting the City's financial position.
The following notes are provided to facilitate this section's readability.
1 . Positive Outlook — Represents favorable conditions for the local
economy. Color code — Green.
2. Cautious Outlook — Represents changing conditions that
require close monitoring. Color code — Yellow.
3. Negative Outlook — Represents unfavorable conditions for the
local economy. Color code — Red.
The data included in this section have been obtained from a variety of
sources. Sales tax and construction related data have been obtained
from internal city departments. Economic data for the State have
been obtained from the Federal Reserve Bank of Dallas and may be
subject to availability. National economic data were compiled with
assistance from the City's investment advisor, First Southwest Asset
Management.
37
i HilltopSecuri ties
Asset Management
National Economic Trends
Period Ending M arch 31, 2022
Gross Dom estic Product(GDP)
Gross Domestic Product The initial reading of Q1 GDP was unexpectedly
QuartWryMoaeitmiVercemaeeCharge negative, which m ght have set off recessionary
alarm bells if the underlying num bers hadn't told a
354 different story. The-1.4%contraction seem ad to be
300 a huge reversal from the+6.9%final Q4 reading,but
25.0
2U the consum ption com ponent (consum a spending)
s.0 �M; actually increased at an annual rate of +2.7%, up
30.0 e9 from+2.5%in Q4,and business investment jum ped
sr , +9.2%. Dragging the overall num ber downward was
OA liin
3A
u the swelling trade deficit which widened from $106
aao billion to$125 billion during the quarter.This alone
s,0 subtracted a full 3.2 percentage points from the
mo headline. Slower buildup of business inventories
=�0 subtracted another 0.8 from overall GDP.Real Final
-340 Sales, which exclude trade and inventories and
provide a m insure of true underlying dem aid
IF 44 �� �� ,� �� increased at an annualized +2.6% pace, up from
+1.7%the previous quarter.
Ern doym ant
U.S. com panies added +431k jobs in March,while
m0°sa0a: ����ge,�N�.r„�P„cgs — uoemdovme�w„e r1CfCBf` upward revisions increased the January/February
9W BA count by an additional +95k. Although M arch
B00 70 NA 689 677 750 75 payroll gains were slightly below forecast, the
700 -- 6„ _ p Y g g Y
600 --- - — -- — �A revisions m ore than m aJe up the difference. At
500 6-7
-,a •�� this point, total nonfarm payrolls were just 1.6
gfi5 m Ilion short of the pre-pandem b peak. In the
200 - - - 6A separate household survey, 418k Am E-icans
fao - - 55 entered or re-entered the labor force in M arch,
0__,no while 736k found work; this drove the headline
.,m lls 4.74.6 SA unem Ooym eit rate down from 3.8%to 3.6%,back
noo ,Z -5 within 0.1 of the five-decade low.The total number
400 3.9 40�38 , ,A of unem ployed workers decreased by 318k to 5.95
A �6 m Ilion in M arch. These are people who had
700 3S actually looked for work at som e point over the
o ; 3A past four weeks. Contrast this with the m cst
recent JOLTS report showing m cre than 11 m Ilion
job openings and it's easy to expect continued
Sgwc We"ofU6orSulbvn BbonVmg pressure on wages.
38
Inflation
Inflation Indicators(Year-Over-Year Percent Change) Inflation just keeps clim king. The war in Ukraine
ri CPtAM items tIPFCore t—PCE-Cme and factory lockdowns in China are only the latest
BD --.-..__.-...._.......----------------------_-......................._........................._._..._._..._._----------------__..................... 90 in a bng Ine cf hurdles cn the path tD
7 D "-`••----......-.-...-.-.-.........--.-...._-....-.-...-.-.-......-._-.-._._-.-._...-.-......-.-........._...-.-.--._.-.--._.-.---------------.-.._..._..._ .. 8.0 norm d i z a t i o n. H e a d l i n e c o n s u m Er i nfl a t i o n
70 reached a fresh 43-year high in M arch with the
�0 overall consum a inflation index(CPI) up+1.2%for
sD the m cnth and+8.5%year-over-year.Core CPI rose
------ - 5.0 +0.3%, (which was actually below the +0.5%
4D T•-••-•.••.•-•-•..•.•..T..................... •_.......
...
.........
............... .. ... . .. 4_0 forecast)and+6.5%on an annual basis, the highest
3.0 3.0 in 40 years. Producer prices, which adm ttedly
2D aren't watched as closely as consum e-prices, have
....................... .. ___.__.__._ _ _ _ 2.0 been rising at or above a +10% pace since
tD .. _. _. •-•__-• ., •- ••. _. ._ _ _. _ _ •• 1.0 Decem ber. It appears as though the rate of annual
010 ■ _ tt". I 00 inflation m a/ have peaked as the base clim ks, but
do NIZ, NO do do 10 NO 10 NO 1,1 N, with China still in lockdown, m litary conflict
ee 4a 10�'°°"1 ,° P°o'le r 2°Or,'J le 4 10$1 4 `vJl y`Q��°Our' ,'�t¢��,x
escalating, and continued wage pressure
Source Bureau of LaborStansks Bureau ofEcor cAnalysm throughout the U.S., prices should rem an
uncom Portably high for the foreseeable future.
Retail Sales
Retail Sales%Change Month-Over-Month
Retail sales(M•O-M) —Control Group(M-O-M) Overall retail sales clim bed a seasonally-adjusted
25.0% +0.5% in M arch, following a revised +0.8% rise in
20.0% February. The m 4ority of the M arch increase was
due to a huge+8.9%jum pin gas station sales,which
15.0% in turn were driven by higher pum p prices. If gas
10.0% station receipts are excluded, retail sales were
5.0% actually down -0.3% for the m cnth. Ten of 13
spending categories showed gains, including grocery
0.0% store and restaurant spending, both of which can
-5.0% also attribute bigger receipts to higher prices rather
to.o% than increased custom a volum e The weakening of
consum e-Clem aid (which is ultim ately what the Fed
ts.o% is trying to do as it tightens policy) will eventually
-20.0% show up in the m cnthly retail sales report. The
,10 ,ti0 1� .�O -P 111 11 ,V, "control
r u
�•s` PQs�,��1JC 4 PJ4i 10 Op moo'�¢°If4e��s PQ`�,�i 1Jr 4 PJ4'yeC Os%moo'Q¢`'1a��¢�� co n t ro I group, which excludes sales a t auto
dealers, gas stations, building materials stores and
Saw"LIST 4.Baroao food services, and is used to calculate GDP, fell by -
0.1%in M arch.
39
Denton County and Texas Hom eSales
Texas hom esales slipped-13.8.in the first quarter of 2022 but were up+5.7%over the sam ethree-m cnth period a year ago.
The average sales price in M arch was$408.8k,the highest on record for the state,and roughly+43%above the same period
in 2019.The available inventory was just 1.1 m cnths at the end of the quarter, the lowest level since the data series began in
1990, and a fraction of the 3.4 m cnth supply from three years earlier.Sales certainly would have been m tch brisker if there
was adequate inventory available.
In Denton County, unit hom esales fell -25.4%in the first quarter and-2.6%year-over-year as the available supply reached
extrem erecord lows. The average sales price in M arch was$550.9.6k, a+25%increase from the previous year and up m cre
than$73k from just three m cnths earlier.The available inventory was just 0.6 m cnths at the end of the quarter but touched
its record low of 0.5 in February.a fraction of the 3.0 m cnth supply from M arch 2019.Hom elistings totaled just 782 in M arch,
down considerably from 3,675 three years ago.
Texas/Denton Cry Home Sales(NSA)
45-0 2M
42.5
400
375 1700
350 y
n
325
1200 0
300
275
250
70D
225
200
175 —Tx Home Sales
200
—Donlan Cry Home Sales
15.0 —near(TX Home Sales)
125 —Linear(Denton Cry Home Sales)
100 i i -300
3 - 0 0 3 to 0 3 o rn 0 K
� C m
co OD a0 G 0 t0 W 0 O O O
Se ar EVAN Cron Al Taw MIA-NLS hM-AV/Ewp
The paper was prepared by Hilltop Securities Asset M magem Ent,is intended for educational and inform a:ional purposes only and does not
constitute legal or investm Ent advice,nor is it an offer or a solicitation of an offer to buy or sell any investm Ent or other specific product.
Inform ztion provided in this paper was obtained from sources that are believed to be reliable;however,it is not guaranteed to be correct,
com Oete,or current,and is not intended to im Oy or establish standards of care applicable to any attorney or advisor in any particular
circum fiances.The statem efts within constitute the views of Hilltop Securities Asset M anagem Ent as of the date of the report and m a/
differ from the views of other divisions/departm ants of Hilltop Securities.In addition,the views are subject to change without notice.This
paper represents historical inform ation only and is not an indication of future perform ance
40
Fuel Prices I Outlook
Description: Quarterly fuel trends for the United States and Texas.
Analysis: Fuel prices are a major commodity source in the economy. Studies have shown a positive effect on
disposable income levels when fuel prices decrease. It is estimated that for every penny decrease in the price of
fuel, $1.3 billion is available to the consumer for disposable income. Therefore, the price of fuel is likely to be a
key predictor of sales tax collections. Fuel prices showed a 26.8% increase from the prior quarter at the national
level and a 32.8%increase at the state level. Staff has rated this outlook as Negative.
Fuel Prices
u Sales Tax -Texas Fuel Prices -US Fuel Prices
$5.00 $14
$4.50
$12
$4.00
$3.50hd $10
$3.00
$8
c
o $2.50
c g
$2.00 $6
$1.50 $4
$1.00
$2
$0.50
$0.00 $0
2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q
'17 '17 '17 '18 '18 '18 '18 '19 '19 '19 '19 '20 '20 '20 '20 '21 '21 '21 '21 '22 '22
41
Municipal Cost Index I Outlook
Description: The Municipal Cost Index was developed to show the rate of inflation for the cost of goods
purchased frequently by local governments. The MCI draws on the monthly statistical data collected by the U.S.
Departments of Commerce and Labor as well as independently compiled data to project a composite cost picture
for the municipal budget officer or operating department manager. Costs of labor, materials and contract services
are all factored into the composite MCI. Major indicators of these items used for the MCI include the Consumer
Price Index, the Wholesale Price Index for Industrial Commodities (now known as the Producer Price Index) and
the construction cost indexes published by the U.S. Department of Commerce, respectively.
Analysis: The Municipal Cost Index (MCI) pulls a variety of prices for frequently purchased commodities for local
governments. The cost for labor, materials and contract services are factored for the MCI. An increase in MCI
means the overall price mix for these types of commodities will cost local governments more to do routine
business. The 2nd Quarter of 2021-22 shows an increase of 11.2 for a 3.89% increase over the prior quarter and
an increase of 35.4 for a 13.42% increase over the 2nd Quarter of 2020-21. Staff has rated this indicator as
Negative.
Municipal Cost Index
300.00
290.00
280.00
270.00
260.00
250.00
240.00
230.00
220.00
4Q'19 1Q'20 2Q'20 3Q'20 4Q'20 1Q'21 2Q'21 3Q'21 4Q'21 1Q'22 2Q'22
Source:American City and County Magazine
Note:The Municipal Cost Index is designed to show the effects of inflation on the cost of providing municipal services.State
and local government officials rely on American City & County's Municipal Cost Index to stay on top of price trends, help
control price increases for commodities,make informed government contract decisions and intelligent budget planning.Since
1978,readers have loyally referred to the Municipal Cost Index to determine the cost of inflation and,hence,the rising cost of
doing business as a local government.
42
Hotel Occupancy Tax Analysis I Outlook I Positive
Description: Tax imposed on a person who, under a lease, concession, permit, right of access, license, contract, or
agreement, pays for the use of a room that is in a hotel. A hotel includes: any building in which the public may obtain
sleeping accommodations; motels; a tourist home, house or court; lodging house; inn; rooming house; or bed and
breakfast. The tax rate levied by the City is 7%of the price paid for a room. The State also levies a tax equal to 6%.
Analysis: While the use of this revenue source is restricted by state law, it is an essential revenue source for various
tourist related activities within the community and an important indicator of local economic activity. Hotel Occupancy
tax revenue through the 2nd Quarter of FY 2022 was 36.3% more than budget and 33.7% more than the prior year's
actual. Hotel receipts continue to increase to hinger than pre COIVD-19 pandemic levels. Staff has rated the outlook
for this economic indicator as Positive.
2nd Quarter FY 2020-21
Actual Y-T-D
Occupancy Tax Revenue: $ 850,441 $ 1,692,301
FY 2020-21 Budget $ 624,038 $ 1,092,580
Over(Under)Budget $ 226,403 $ 599,721
FISCAL YEAR FORECAST
Hotel Occupancy Tax Budget: $ 2,875,354
End of Year Projection: $ 2,875,354
Variance: $ -
Hotel Occupancy Tax Collections
$900,000
$800,000
$700,000
$600,000
$500,000
$400,000
$300,000
$200,000
$100,000
$0
1st Qtr 2nd Qtr 3rd Qtr 4th Qtr
■FY 2018-19 ■FY 2019-20 FY 2020-21 ■FY 2021-22
43
Sales and Use Tax Analysis I Outlook
Description: Tax imposed on all retail sales, leases, and rentals of most goods, as well as taxable services. The total tax
rate levied within the City is 8.25%(State,6.25%;City, 1.5%; DCTA,0.5%).
Analysis: As the second largest revenue source to the City's General Fund, sales and use taxes are essential to the
delivery of services to the community. Sales tax revenues through the 2nd quarter of FY 2022 compared to revenues
from the prior year 2nd quarter shows a 21.92% increase, and compared to the budget, it is 16.33% above. Staff has
rated this indicator as Positive.
Quarter
Revenue:Gross Sales Tax
Municipal Operations $ 456,622 $ 907,903
General Retail &Others 12,729,885 25,744,542
Comptroller Fees (249,537) (505,122)
Amount Retained (244,546) (495,019)
' Total Revenue J $ 12,692,424 $25,652,304
Expenses:Economic Incentives*
centives $ 662,854 $ 1,491,245
_ 12,029,570 24,161,059
JY 2021-22 Budget 10,340,626 N01,025,364
Over(Under)Budget W $ 1,688,944 $ 3,135,695
Sales Tax Budget: $ 46,246,938
Year End Projection: 46,246,938
Variance to Original Budget: $ -
Economic Development Expenditure Budget: $ 2,576,743
Year End Projection: 2,821,522
Variance to Original Budget: $ 244,779
Gross Sales Tax Collections (Millions)
$12.0 -
$10.0
$8.0
$6.0
$4.0
i
$2.0
$0.0
1 2 3 4
u FY 2018-19 Actual �i FY 2019-20 Actual u FY 2020-21 Actual a FY 2021-22 Actual
*Economic Incentive actuals are through February 2022
1.Includes Unicorn Lake,Rayzor Ranch,Golden Triangle Mall,O'Reilly Hospitality,and Buc-ee's.
44
Certificates of Occupancy Outlook
Description: Certificates of Occupancy(CO)are permits issued in compliance with the 2012 International Building
Code (IBC) and applicable City ordinances. The IBC states, "that no building shall be used or occupied, and no
change in the existing occupancy classification of a building or structure or portion thereof shall be made, until the
building official has issued a certificate of occupancy." Certificates of Occupancy ensure that applicable building,
zoning,fire and consumer health codes are met.
Analysis: Certificates of Occupancy are an economic indicator that provides a framework for the overall condition
of the local economy. Certificates of Occupancy decreased 5.88% from the prior quarter and decreased 17.95%
from the second Quarter of 2021. Staff has rated the outlook for this revenue indicator as Negative.
Certificates of Occupancy
160.0
140.0
120.0
100.0
80.0
60.0
40.0
20.0
0.0
2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q
'17 '17 '17 '18 '18 '18 '18 '19 '19 '19 '19 '20 '20 '20 '20 '21 '21 '21 '21 122 122
Source:City of Denton's Development Services Department.
45
Residential Permits I Outlook I Positive
Description: Residential Permits are issued in compliance with the 2009 International Residential Code (IRC) and
applicable City ordinances. The data presented in this analysis only include new permits issued and not
remodels/alterations.
Analysis: Residential Permits are an economic indicator that provides a framework for the overall condition of the
local economy. In particular, residential permits have a direct correlation with building inspection fees and
appraised values. Residential permits increased 41.01% from the prior quarter and increased 59.64% from the
2nd Quarter of 2021. Staff has rated the outlook for this revenue indicator as Positive.
Residential Permits
450.0
400.0
350.0
300.0
250.0
200.0
150.0
100.0
50.0
0.0
2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q
'17 '17 '17 '18 '18 '18 '18 '19 '19 '19 '19 '20 '20 '20 '20 '21 '21 '21 121 122 122
Source:City of Denton's Development Services Department.
46
Texas Leading Indicators Index I Outlook I Positive
Description: The Texas Leading Indicators Index is a single weighted summary statistic that sheds light on the future
of the state's economy. The index is designed to signal movements and changes in the state's rate of growth. The
index includes the following leading indicators: Texas Value of the Dollar, U.S. Leading Index, Real Oil Prices, Well
Permits, Initial Claims for Unemployment Insurance, Texas Stock Index, Help-Wanted Advertising, and Average
Weekly Hours Worked in Manufacturing.
Analysis: Texas Leading Indicators provide a framework for the overall condition of the local economy. Data for this
quarter shows an increase in the state's rate of growth. The index increased 2.64% from the prior quarter and
increased 14.49%from the second Quarter of 2021. Staff has rated this indicator as positive.
Texas Leading Indicators Index
140.0
120.0
100.0
80.0
60.0
40.0
20.0
0.0
2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q
'17 '17 '17 ' 119 119 '19 '20 '20 '20 '20 '21 '21 '21 '21 '22 '22
Source: Federal Reserve Bank of Dallas
47
Unemployment Rate Index I Outlook I Positive
Description: Unemployment is defined as the number or proportion of people looking for work at the prevailing
wage who are unable to find employment.
Analysis: Unemployment is an economic indicator that provides a framework for the overall condition of the
national,state and local economies. The unemployment rate for the City of Denton is at 3.4%for the 2nd Quarter.
Since this is a decrease over the prior year's quarter rate,staff has rated the outlook indicator as Positive.
Unemployment Rate Index
25.0
20.0
15.0
10.0
5.0
0.0
y1 y4� y'b yw yw ,,yam, ,ya 10 10 LO 10 4y 4y 1> 4 1L titi
Ad tia tio- 3d Ao- tid tid So- 0 y� Ld 3d �d tid -P. 3d 0- ya tid
Dallas-Plano-Irving MD 0 Denton -Texas _U6 Unemployment -United States
Source: Federal Reserve Bank of Dallas, U.S. Bureau of Labor Statistics,and Texas Workforce Commission
Note: U6 unemployment includes marginally attached workers who currently are neither working nor looking for work but
indicate that they want and are available for a job and have looked for work sometime in the recent past. Discouraged
workers, a subset of the marginally attached, have given a job-market related reason for not looking currently for a job.
Persons employed part-time for economic reasons are those who want and are available for full-time work but have had to
settle for a part-time schedule.
48
Section 4
City of Denton
Quarterly Financial Report
March 2022
INVESTMENT REPORT
49
000uoign Envelope ID: BF74B6AA-OAs1-*07B-A678-8so75Fe3Fe7o
2nd Fiscal 0 wrifer Ending March 31,2022 page I
Policy
Treasury securities at
1-year constant m aturity,quoted on
investmi ant basis
%of Total
Securities By Investment Type: V IUe)2
U.S.Treasuries 2 :
U.S.Federal Agencies 5
::Certificates of Deposit $
Unrealized gain/(loss)is tie difference between 1he ma-ket and book value arid does rot represent an actual gain or loss. Gains arid bases are realized only::
:when a security is sold prior to maturity. Snce it is the City's practice to hold investrn ants Lritil they rn dure,the temporary gains and losses we unlikely b be:
Current 3 M anths Ago 3 Month I Year Ago I Year Ago
:Investment Pool Comparisons: 3 /31/2022 1 2/31/2021 D ifference 3 /31/2021 Difference
Market Value 6
:Portfolio Composition:
:U.S.Federal Agencies 7
Bank Collateral Review': I
nstitution C ollateral Type Markert Value C ollected Balance C Pledge Required ollateral Ratio
Wells Fargo Dern and Deposits B :
**Does not include FDIC insurance
:Depository Ledger Balance Review: Institution A ccount Type B eginning Bal. D eposits E Withdraw als riding Bal.
:Compliance Statement&Review: :The Ouarterly hvestment Report is h full complance with tie objectives,restrictions,and strategies as etforth in Ne City dDenton's InvestmentPolicy WIj i�;'.
:Public Funds Investm ent Act(Texas GwernmentCode,Chapter 2256.023).
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
DocuS.gned by DocuSigned by
vowu
Chief Financial 0 ficer A ssistant Director of Finance
DocuSIgned by:
DocuSigned by:
Controller Treasury Mmager
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
oO
DocuSign Envelope ID: BF74B6AA-OAB1-407B-A678-8EC75F83FB7D
• . ENTOM • UA RffR LYINVISTMENTREPORT
INVESTM 6VT PO O L
Current 3 M anths Ago 3 M anth 1 Year Ago 1 Year
3/31/2022_12/31/2021 D_______ifference 3________/31/2021_D________ifference____
:Par Value-U.S.Treasuries 2 $ 49,000,000 $ 06,000,000 $ 0B)00,000 $ 91000,000 $ 76,000,000
:Par Value-U.S.Federal Agencies 5 $ 08)00,000 0,000,000 30,000,000) 29,500,000 72,500,000)
;Par Value-Municipal Bonds- $ 5 ,@00,000 51000,000) 0(000,000 10,000,000)
:Certificates of Deposit - $ -
Par Value-Com m ocial Paper 3 $ 5W00,000 0,000,000 53,000,000) 5;000,000
;Local G aernm Ent Investm Ent Pools 2 $ 72,775,270 97,775,270 20,000,000) 70,478,678 ,296,592
Demand Deposits 6 $ 69843,040 32162,435 30680,605 ,(578,843 8,764,197
:Total Par Value 6 $ 63,618,310 $ 2p,937,705 $ 55,319,395) $ IS,057,521 $ 54,560,789
;Market Value-U.S.Treasuries 2 $ 49,236,565 $ 05,786,070 $ 86150,495 $ 91580,654 $ 74,655,911
M arket Value-U.S.Federal Agencies 5 $ 00348,326 0(477,605 30,429,279) 2(,192,383 74,144,057)
;MaketValue-MunicipalBonds- $ 5 ,g27,900 51027,900) 0(157,400 10,157,400)
:Certificates of Deposit - $ - -
M aket Value-Com m acial Paper 3 $ 48907,785 9,988,613 55,080,828) 4(992,145 84,360)
;Local G aernm ant Investm ant Pools 2 $ 72,775,270 97,775,270 25,000,000) 72,478,678 ,296,592
;Dem aid Deposits 6 $ 64843,040 32162,435 30380,605 ,W8,843 8,764,197
:Total Market Value 6 $ 63,810,986 $ 2R,217,892 $ 55,406,906) $ 17,480,103 $ 51,330,883
:Book Value-U.S.Treasuries 2 $ 4B,196,061 $ 05,946,180 $ W49,882 $ 91292,346 $ 75,903,714.97
�Book Value-U.S.Federal Agencies 5 $ M31,323 $ 0(063,138 30,031,815) 2R,895,938 72,864,615)
:Book Value-MunicipalBonds- $ 5 $ ,g29,922 51029,922) 0(152,297 10,152,297)
:Certificates of Deposit - $ - $ - -
;BookValue-CornmecialPaper 3 $ 48356,298 $ 9(988,019 53,031,721) 4(987,228 30,930)
;Local G aernm ant Investm ant Pools 2 $ 72,775,270 $ 9V,775,270 25,000,000) 70,478,678 ,296,592
;Demand Deposits 6 $ 64843,040 $ 32162,435 38680,605 ,W8,843 8,764,197
:Total Book Value 6 $ 69,801,992 $ 20,964,964 $ 53,162,971) $ 18,885,330 $ 53,916,663
Accrued Interest 4 $ 39,922 $ 20,600 $ 493,678) $ ,Q75,241 $ 640,319)
:Cash Value- 6 $ 6B,245,908 $ 2(3,146,492 $ 53,900,584) $ 18,555,344 $ 50,690,564
(Total M aket Value+Accrued Interest)
:Unrealized Gan/(Loss) ( $ 991,006) $ 59,928 $ 11243,934) $ ,g94,773 $ 2,585,780)
----------------------------------------------------------------------------------------------------------------------------------------------------------
:Strategy Statement: :The investment pool is an aggregation of the mijority cf City frnds which may include tax receipts,enterprise fund revenues,fine and fee hcome:
;as well as some,but not necessarily al bond proceeds,grants,gifts and endowments. This portfolio is meintained to meet anticipated daily(ash;
;needs brthe atys operations,capital projects and rfabtservice. In order to meet these obligations and to minimke potential liquidation bsses,the:
;dollar-weighted stated average maturity of the investment pool shall not exceed 1.5 years a 550 days. The objectives of this portfolio ate lo: (1):
:ensure safety of principal by investing in mly hgh quality securities for which a strong secondary maket exists;(2)ensure that anticipated cash:
;flow needs are matched with adequate investment liquidity;(3)limt market and credit risk through diversification;and(4)attain the best feasible:
:yield,commensurate with tie objectives and restrictions sat forth h tie Investment Policy,by actively managing fie portfolio to meet or exceed tie:
:twelve month moving average yield of a one year U.S.Treasury bill as derived fromthe Federal Reserve Statistical Release HAS for constant:
m aturities.
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51
DocuSign Envelope ID: BF74B6AA-OAB1-407B-A678-8EC75F83FB7D
C MY OFD ENTOIA Q UARM LYINVISTMENTREPORT
11011IL31,2022 Page 3 1
................................................................................................................
INVESTMBVT PO 0 L
(Based on Book Value)
Current 3 Months Ago I Year Ago
:Summary By Security Type: 3 131/2022 1 2131/2021 3 /31/2021
:U.S.Treasuries 2 $ 435,196,061 $ 0,946,180 $ 9,292,346
:U.S.Federal Agencies 5 0$031,323 01,063,138 22,895,938
:U.S.Federal Agencies-Callable- - -
M Lnicipal Bonds 5 029,922 0,152,297
:Certificates of Deposit
:Comm Ercial Paper 3 40956,298 9;988,01 9 4,987,228
Local G o/emm Ent Investm Ent Pools 2 72,775,270 W,775,270 70,478,678
Demand Deposits 6 64943,040 31162,435 078,843
:Total Book Value 6
$ 69,801,992 $ 3,964,964 $ 15,885,330
FCurrent
103/31/2022
0 U.S.Federal Agencies
7.47%
■ Com m ecial Paper
5.22%
■ U.S.Treasuries
36.61%
■ Local Governm Ent
Investm Ent Pools
40.72%
■ Dem aid Deposits
9.98%
:0 tilective: The portfolio is restricted to US.Treasuries and agency securities(maturing in bss han five years);municipal bonds rated AA or better(maturing n less an,
:three years); insured, collateralized, a standby letter of credit tacked certificates of c6posit Enduring in less than three years); collateralized repurchase:.
:agreements(maturing in less than thirty clays);commecial paper rated A-1/P-1 or better(maturing in less lhan 270 days);and local government pools&S--C::
:registered government m(ney market mutual funds(weighted average maturity of less than 60 days).
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Current 3 M onths Ago I Year Ago
:Summary By Security Type: 3 131/20 2 1--------------------- 2131/2021 3 /31/2021
--------------- ----- -----
:U.S.Treasuries 3 6.61%2 8.53%1 3.43%
:U.S.Federal Agencies 7 .47%1 1.09%2 3.82%
:U.S.Federal Agencies-Callable 0 .00%0 .00%0 .00%
M uricipal Bonds 0 .00%0 .70%1 .97%
:Certificates of Deposit 0 .00%0 .00%0 .00%
:Comm Ercial Paper 5 .22%1 2.46%6 .78%
:Local G o/emm Ent Investm Ent Pools 4 0.72%4 1.25%5 2.43%
;Demand Deposits 9 .98%5 .98%1 .57%
:Total 1 00.00%1 00.00%1 00.00%
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52
DocuSign Envelope ID: BF74B6AA-OAB1-407B-A678-8EC75F83FB7D
CFrY OFOENTON QUARffRLYINVESTMENTREPORT
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
INVESTMBVT PO O L
(Based on Book Value)
Current 3 Months Ago Year Ago
Summary By Issuer: 3 /31/2022 1 2/31/2021 3 /31/2021
:FFCB2 $ 41898,809.75 $ 40998,103.78 $ 2,515,198.78
;FHLB 2@032,692 =64,012 5,275,353
:FHLM C 4,909,821 ,9199,582 ,998,862
(FNMA -1 r2001,441 0,106,524
:BAYLORSCOTr -9 ,999,133 ,998,094
;DARTM CUTH CO LLEG E -- 9 ,995,508
;JO HdS HO FKINS UNIVERSITY 1 01000,000 0,000,000
:NO FfHWEST ISO -5 ,029,922
:RBC 171456,954 74495,604 ,999,103
:STATE O FCALIFO FNIA - 2 0,000,000
:STATE OFTEXAS -- 1 0,152,297
;TEXPO0 L 1511,000,000 59,000,000 15,000,000
;TEXSTAR 1 22,775,270 4T,775,270 55,478,678
:TO YO,T.M Or0 RCREDIT CO RP 7 ,499,344 ,496,531 ,994,522
::U.S.TREASURY 2 43,196,061 05,946,180 9,292,346
UNIVERSITY O FTEXAS- 2 4,996,750
;WELLS FARG ODEM AND DEPOSITS 6 64843,040 35162,435 ,078,843
(Total Book Value 6 $ 6B,801,992 $ M,964,964 $ 15,885,330
Curr t
03/31/2022
■FFCB
36.61%
■FHLB
9.98%
■FHLM C
■JOHNS HOPKINS UNIVERSITY
3.73%
■RBC
2.99%
■TEXPOOL
0.75%
1.12%
■TEXSTAR 1.49%
■TOYOTA M CTOR CREDIT CORP
2.61%
■U.S.TREASURY
■W BILLS FARGO DEMAND DEPOSITS
18.33%
22.39%
:It is the policy of the City to diversify its investm art portfolio by restricting investm arts in a single issuer/institution to no m oe than 35 percent of the portfolio's total book value and to those
loffering repurchase agreem arts,collateralized CDs(including standby letters of credit),and local or state of Texas m micipal securities to no greater than 15 percent.The purpose of this
;Summay By Issuer: 3 /31/2022 1 2/31/2021 3 /31/2021
BAYLO RSCO Tr 0 .00%1 .38%1 .94
(FFCB 3.73%6 .23%1 2.12%
I FHLB 2.99%2 .78%6 A4%
FHLM C 0.75%0 .69%0 .97%
;FNMA 0.00%1 .39%3 .90%
DARTM O UH COLLEGE 0.00%0 .00%1 .94%
JOHNS HO RCINS UNIVERSITY 1 .49%1 .39%0 .00%
;RBC 2.61%2 .42%0 .97%
:STATE O FCALIFO FNIA 0 .00%2 .77%0 .00%
:NO RrH W EST ISO 0 .00%0 .70%0 .00%
:STATE O FTEXAS 0 .00%0 .00%1 .97%
:TEXPO0 L 22.39%2 0.78%2 2,29%
;TEXSTAR( 8.33%2 0.47%3 0.14%
;TO Y G 7[M OTO RCREDR CO rP 1 .12%1 .04%1 .94%
U.S.TREASURY 3 6.61%2 8.53%1 3,43%
UNIVERSITY O FTEXAS 0 .00%3 .46%0 .00%
;WELLS FARG ODEM AND DEPO SITS 9 .98%5 .98%1 .57%
:Total 1 00.00%1 00.00%1 00.00%
53
DocuSign Envelope ID: BF74B6AA-OAB1-407B-A678-8EC75F83FB7D
IC FrY OFO ENTON • U A RffR LYINVESTMENTR 13PORT
INVESTM ENT PO O L
(Based on Par Value)
Current 3 M onths Ago 1 Year Ago
Maturity Time Frame: 3 /31/2022 1 2/31/2021 3 /31/2021
-------------------------------------------------------------------------------------------------------------'
:00-03 Months 4 $ 10,618,310 $ OD,937,705 $ 33,557,521
:03-06 Months 1 06,000,000 57000,000 5,000,000
:06-12Mmths 1 25,000,000 26,000,000 6,500,000
:12-24Mcrths 3 =00,000 0?000,000 0,000,000
:24 M mths&O xer - - 1 0,000,000
:Total Par Value 6 $ 69,618,310 $ 29,937,705 $ 15,057,521
$800,000,000
$750,000,000
$700,000,000
$650,000,000
$600,000,000
$550,000,000
$500,000,000
$450,000,000
$400,000,000
$350,000,000
$300,000,000
$250,000,000
$200,000,000
$150,000,000
$100,000,000
$50,000,000
$0
Current 3 M onths Ago 1 Year Ago
■00-06 Months ■06-12 Months ■12-24 Months ■24 Months&0 er
:0ljective: :The risk of m aket price volatility is m him ked through m 3urity diversification. Investm ad m durities are staggered to provide cash flows based on I
:the anticipated needs of the City.Liquidity is achieved by m aching investm art m aurities with forecasted cash disbursem arts and by investing in
securities with active secondary m akets. Short-term local governm ant investor ant pools and governm art m mey m aket m itual funds help to
:provide daily liquidity and m ail be utilized as a competitive alternative to other fixed incom einvestm ants.
------------------------------------------------------------------------------------------------------------------------------------------------------
Current 3 M onths Ago 1 Year Ago
Maturity Time Frame: 3 /31/2022 1 2/31/2021 3 /31/2021
--------------------------------------------------------------------------------------------------------------
:00-03 Months 6 1.92%6 9.48%6 4.76%
:03-06Months 1 4.93%9 .02%1 4.56%
:06-12 Months 1 8.67%1 7.34%1 4.85%
12-24 M mths 4 .48%4 .16%3 .88%
:24 M mths&O xer 0 .00%0 .00%1 .94%
:Total 1 00.00%1 00.00%1 00.00%
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54
DocuSign Envelope ID:BF74B6AA-OAB1-4078-A678-8EC75F83FB7D
CITY OF DENTON ; QUARTERLY INVESTMENT REPORT
2nd _W1 211W
ECONOMIC SUMMARY
Interest Rate History
!Source U.S.Federal Reserve Statistical
lRelease(H.15) Fiscal Year 20116-20117 Fiscal Year 2017-20118 1 Fiscal Year 2018-2019
Dec-16 Mar-17 Jun-17 SeWI7 Doc.17 Mar-18 Jun-18 SaW 18 04K-18 Mar-19 Jun-19 Sep-19
Market Sector: ...... .......Anq...I..AvL......Am........AXq........�yq... Avg.--....- -------AVA---
Fed Funds jeffectwe'I 0.54% 0.79% 1.04% 1 15%: 1.30% 1.67% 1.90% 215%: 2AG% 2.41% 2.37% I.l
134&nth U.S.T-B,II 0.51% 0.75% 1.00% 1.05%1 11.32% 1.711% 1,92% 2.20%1 2.36% 2.39% 2.091/6 1,82-k:
12-Year U.S.T-Nole 1 1.20% 1.31% 134% 1.38%: 1,84% 2.27% 2.53% 2.57%1 2A9% 2.26% 2.10% 11.76%.:
!Portfolio Benchmark' l 0.61% 0.69% 0.83% 1.00%1 120% 1 AS% 1,75% 2.05%1 2.33% 2.48% 2.00% 1.80%:
!Portfolio Yield 0.95% 1.07% 1.16%... 2.01% 2.20% ...2.20% 2.0
...................... .............
------------------------------------------------------------------------ ............r.............il�sw.i.....................
I Fiscal Year 2019-2020 1 Fiscal Year I Year 2021-2022
1 Dec-19 Mar-20 Jun-20 Sep-20 I Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22
!Market Sector: 1---
Avg-------LV9 - �Vp-------Am--- ma- -Am- Avg-- Avg
Avg-------A9- -�m- -A9
-- --- ---I---
!Fed ---4
Funds(effective) 1 1�56% 0.02% 0.08% o.09%I 008% 0o6% 0.05% O�05%1 0.07% 0.32%
I I I
:3-Month U.S.T-Bill t55% 0.09% 014% 0.10%! OW% 0.02% 0.04% 0.04%1 0.04% 0.50%
12-Year U.S.T-Note 1.57% 0.25% 0,15% 0.13%: 0,12% 0.15% 025% 0.21%: 0.38% 1A1%
I I
I I I
I I
!Portfolio Benchmark' I 1.55% 0.33% 0,18% 0,13%1 012% 0.08% OW% 0.09% 0.30% 1.34%
I I
!Portfolio Yield I 1.96% 1.62% 1.31 0.94%: 0.80% 0.45% 018% 0.24%1 0.`17% 039%
I ---------------------- ---------- ---
I
I
1*riveive month moving average of a
3.00%
:one year U.S.T-bil yield
I
I
I FY 2016-17 FY 2011.18 FY 2018-19 FY 2019-20 FY 2010-21 FY 2021.22
2.00% OF
•
1.00%
0.00%
Deo- Met- Jun- Sep- Dew Mar- Jun- SW Dec- Afar- Jun- Sep- Dec- Mar- Jun. Sep- Dec- Mar- Jun- Sin- Dec- Mar-
IS 17 1? 19 19 19 20 20 X 20 21 21 21 21 72
--a--Portfolio Yhl
--------------------
Fiscal Year-to-Date Earnings
I I----------tat Q
--stu t-a-r--e-r-------I -- ---------------------------------------------------
I 2nd Quarter 3rd Quarter
Quarter
----- --------------------- ---------
!
:FisclY#ar; 3 Months 6 Months 9 MnthsI
!2021-2072 ------t-17----------yed-6iyt------ty---------- ------------------------t----------------------
12020-2021 1 $ 1.324,3441 1 5 2,332J281 1$ 2,937.5081 1 S 3.413,936
12019-2020 S 2.982.157 $1 5.750.0081 7,751,129 $ 9,330.232
12018-2019 $ 2,965,8351 1$ 6,122,5361 1$ 9,262.49911$ 12,354.692:
12017-2018 $ 2,138.4201 1$ 4,317,8901 $ 6.515,1661 1$ 8.955.045
:QUARTERLY COMMENTARY
,The portfolio is in compliance with the City's Investment Policy.During the second quarter twelve investments matured totaling
1$160.46 million and six investments were purchased totaling$109.51 million.The portfolio's weighted average yield tagged the
!benchmark 12-month Treasury bill index by 95 basis points.This benchmark lag is due to a sudden spike in short-term rates
:caused by Fed tightening during the January-March months-The Investments and deposits with daily liquidity was 50.7%. This
I
period the Fed raised the target range for the federal funds rate at 25 basis points[a 50 basis points.They also indicated they will
!reduce the monthly purchases of bonds by$95 billion. Staff will continue to monitor the investment portfolio and ensure
!compliance with the City's Investment Policy and the Public Funds Investment Act.
31,2022
!Source: Hilltop Securities Asset
!Management Economic summary
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
55
M oithly Reports
Portfolio M anagement Page 1
Portfolio Details - Investments
M arch 31, 2022
Average Purchase Stated YTM Days to Maturity
CUSIP Investment# Issuer Balance Date Par Value B M arket Value ook Value Rate 365 M aturity Date
Treasury Discounts-Amortizing
Subtotal and Average 1,290,321.77
Treasury Securities-Coupon
912828YA2 4105 U.S.TREASURY 06/11/2021 1 10,000,000.00 1 0,024,220.00 0 0,053,001.46 0 1.500 .078 136 8/15/2022
912828ZX1 4109 U.S.TREASURY 07/16/2021 1 15,000,000.00 1 4,983,590.00 0 5,001,813.22 0 0.125 .076 90 6/30/2022
912828SV3 4112 U.S.TREASURY 07/27/2021 1 10,000,000.00 1 0,017,720.00 0 0,020,424.87 0 1.750 .058 44 5/15/2022
912828ZR4 4113 U.S.TREASURY 07/27/2021 1 15,000,000.00 1 4,993,445.00 0 5,001,598.01 0 0.125 .060 60 5/31/2022
9128287C8 4114 U.S.TREASURY 07/28/2021 1 10,000,000.00 1 0,031,250.00 0 0,048,356.49 0 1.750 .069 105 7/15/2022
91282CAG 6 4116 U.S.TREASURY 07/29/2021 1 20,000,000.00 2 9,935,940.00 0 0,003,878.77 0 0.125 .078 152 8/31/2022
912828YF1 4117 U.S.TREASURY 07/29/2021 2 20,000,000.00 2 0,050,000.00 0 0,128,889.23 0 1.500 .089 167 9/15/2022
912828YA2 4124 U.S.TREASURY 09/03/2021 1 10,000,000.00 1 0,024,220.00 0 0,052,971.46 0 1.500 .078 136 8/15/2022
91282CAR2 4125 U.S.TREASURY 09/15/2021 4 5,000,000.00 5 969,920.00 0 000,910.98 1 0.125 .094 213 0/31/2022
912828TY6 4126 U.S.TREASURY 09/23/2021 1 10,000,000.00 1 0,022,660.00 0 0,095,028.41 1 1.625 .101 228 1/15/2022
912828YW4 4127 U.S.TREASURY 10/18/2021 1 10,000,000.00 1 0,019,920.00 0 0,103,640.30 1 1.625 .156 258 2/15/2022
912828Z86 4128 U.S.TREASURY 10/18/2021 9 10,000,000.00 1 982,810.00 0 0,102,061.86 0 1.375 .206 320 2/15/2023
912828ZD5 4132 U.S.TREASURY 12/09/2021 9 10,000,000.00 1 892,190.00 0 0,003,833.38 0 0.500 .460 348 3/15/2023
912828UN8 4134 U.S.TREASURY 03/03/2022 2 20,000,000.00 2 0,071,100.00 1 0,160,458.45 0 2.000 .077 320 2/15/2023
912828YW4 4135 U.S.TREASURY 03/03/2022 1 10,000,000.00 1 0,019,920.00 0 0,049,161.59 1 1.625 .924 258 2/15/2022
91282CBG 5 4136 U.S.TREASURY 03/03/2022 1 20,000,000.00 1 9,765,620.00 1 9,848,755.61 0 0.125 .037 305 1/31/2023
91282CBNO 4137 U.S.TREASURY 03/11/2022 1 20,000,000.00 1 9,734,380.00 1 9,808,189.88 0 0.125 .185 333 2/28/2023
912828ZH6 4139 U.S.TREASURY 03/24/2022 1 20,000,000.00 1 9,697,660.00 1 9,713,087.45 0 0.250 .649 379 4/15/2023
Subtotal and Average 221,004,405.20 245,000,000.00 244,236,565.00 245,196,061.42 0 .512 223
Federal Agency Issues-Coupon
3133EKAUO 4013 FFCB 02/21/2019 1 10,000,000.00 9 0,081,721.60 2 999,722.22 0 2.570 .572 507 8/21/2023
3133ELZN7 4076 FFCB 05/28/2020 4 5,000,000.00 4 997,549.05 0 999,314.86 0 0.160 .265 47 5/18/2022
3133EM W8 4106 FFCB 06/16/2021 9 10,000,000.00 9 962,889.70 0 999,772.67 0 0.080 .085 168 9/16/2022
3130ABCYO 4067 FHLB 03/16/2020 1 10,000,000.00 1 0,031,393.50 0 0,032,803.62 0 1.955 .069 95 7/05/2022
3130ANEUO 4115 FHLB 07/29/2021 9 10,000,000.00 9 978,663.60 0 999,888.19 0 0.070 .074 116 7/26/2022
3134G\066 4078 FHLM C 06/15/2020 4 5,000,000.00 4 996,108.65 0 999,821.46 0 0.250 .269 68 6/08/2022
Subtotal and Average 50,035,937.20 50,000,000.00 50,048,326.10 50,031,323.02 0 .613 189
Com m acial Paper Disc.-Am ortizing
78009BDJ8 4110 RBC 07/26/2021 7 7,500,000.00 7 498,740.00 0 499,504.17 0 0.140 .144 17 4/18/2022
78009BKR2 4133 RBC 01/31/2022 9 10,000,000.00 9 911,250.00 0 957,450.00 1 0.740 .762 207 0/25/2022
89233HDN1 4111 TO Y 0A M 010 RCREDIT 07/27/2021 7 7,500,000.00 7 497,795.00 0 499,343.75 0 0.150 .155 21 4/22/2022
Portfolio CITY
Data Updated:SET_M 0:04/19/2022 12:23 AP
Run Date:04/19/2022-12:23
PM(PRF_PM 2)7.3.0
56
Report Ver.7.3.6.1
M onthly Reports
Portfolio M anagem ent Page 2
Portfolio Details - Investments
M arch 31, 2022
Average Purchase Stated YTM Days to Maturity
CUSIP Investm ent# Issuer Balance Date Par Value B M aket Value ook Value Rate 365 Maturity Date
Subtotal and Average 24,952,308.34 25,000,000.00 24,907,785.00 24,956,297.92 0 .394 94
Comm acial Paper-Interest Bearing
47803LM B6 4138 JO HVS HO FKINS UNIV CP 03/17/2022 1 10,000,000.00 1 0,000,000.00 0 0,000,000.00 0 0.750 .750 76 6/16/2022
Subtotal and Average 10,000,000.00 10,000,000.00 10,000,000.00 10,000,000.00 0 .750 76
Local G at Investment Pools
SYS3996 3996 LO 041-G O\T INV PO O L-TEXPO O L 150,000,000.00 1 150,000,000.00 0 50,000,000.00 0 .266 .266 1
SYS3641 3641 LO CAL G O\T INV PO O L-TEXSTAR 122,775,269.64 1 122,775,269.64 0 22,775,269.64 0 .250 .250 1
Subtotal and Average 302,452,688.99 272,775,269.64 272,775,269.64 272,775,269.64 0 .259 1
Demand Deposits
SYS3706 3706 DEMANDDEPOSTS- WELLS FARG0 55,187,578.63 5 55,187,578.63 0 5,187,578.63 0 .250 .250 1
SYS4082 4082 DEMAND DEPO STS- WELLS FARG O 10/01/2021 0 0.00 0 .00 0 .00 .000 1
SYS4104 4104 DEMAND DEPO9TS- WELLS FARGO 11,655,461.681 11,655,461.680 1,655,461.680 .170 .170 1
Subtotal and Average 58,361,208.46 66,843,040.31 66,843,040.31 66,843,040.31 0 .236 1
Total and Average 668,096,869.96 6 69,618,309.95 668,810,986.05 6 69,801,992.31 0.388 101
Portfolio CITY
Data Updated:SET_M O:04/19/2022 12:23 AP
Run Date:04/19/2022-12:23
PM(PRF_PM 2)7.3.0
57
M onthly Reports
Portfolio M anagem ent Page 3
Portfolio Details - Cash
M arch 31, 2022
Average Purchase Stated YTM Days to
CUSIP Investm ent# Issuer Balance Date Par Value B M aket Value ook Value Rate 365 Maturity
Average Balance 0.00 0
Total Cash and Investments 668,096,869.96 6 69,618,309.95 668,810,986.05 6 69,801,992.31 0.388 101
Portfolio CITY
Data Updated:SET_M O:04/19/2022 12:23 AP
Run Date:04/19/2022-12:23
PM(PRF_PM 2)7.3.0
58
Friday Report - Council Requests smartsheet
Summary of Request Council Member Staff Assigned Comments Action
1 Request for police to follow up with relative of i 06/28/22 i Council Member McGee Frank Dixon Police PD followed up and will provide Complete
individual who passed in 2019. report when complete.
2 Request to address security concerns with local 06/28/22 Council Member McGee Frank Dixon,Scott McDonald Development Services Police Information will be included in Complete
nonprofit organization on Bonnie Brae July 1 Friday Report.
Request from Mayor Hudspeth and Council Member 06/28/22 Mayor Hudspeth Danielle Shaw,Scott McDonald Community Services Information will be included in Complete •
3 Davis:Request for information regarding residence Development Services July 1 Friday Report.
on Ridgecrest permitted use.
4 Request for information on Masch Branch Rd bridge 06/28/22 Council Member McGee Becky Diviney,Brett Bourgeois, CIP-Traffic Engineering Information will be included in Complete
Daniel Kremer,Ethan Cox Public Works-CIP July 1 Friday Report.
5 Request for information on Malone St speed and 06/28/22 Council Member McGee Becky Diviney,Ethan Cox CIP-Traffic Engineering Information will be included in Complete
safety concerns July 1 Friday Report.
6 Request to advise on landfill check in lines. 06/27/22 Mayor Hudspeth Christine Taylor Solid Waste Information will be included in Complete •
July 1 Friday Report.
7 Request for information on noise ordinance/bar 06/27/22 Council Member Davis Scott McDonald Development Services Information will be included in Complete •
Request
on West Hickory St. July 1 Friday Report.
8 Request for staff to address lack of 06/24/22 Mayor Hudspeth Becky Diviney,Ethan Cox Capital Projects/Engineering Information will be included in Complete •
sidewalk/signage in Ranch Estates. Public Works July 1 Friday Report.
I am requesting that our Mobility Plan be amended 06/07/22 Council Member Davis Becky Diviney,Trevor Crain Capital Projects/Engineering Scheduled for the July 19 Scheduled •
9 to reflect a direct connection between Windsor Road Public Works-Streets meeting.
and Masch Branch Road,north of but separate from
Hampton Road.
Exported on July 1,2022 2:03:52 PM CDT 59 Page 1 of 1
CouncilIFY 21 / 22 Council Requests
Open Requests Requests Answered by Department FY Current Year Requests by
21/22 •
5
4
3 Community Svcs
2 Environmental Svcs
1 . Public Works -
0 Capital Projects
e` °�Ge4a�`5`,a `r��\O�ka a�4e°���a�S�e �a`�y cGe° Utilities o 2
13/o
�N J mac. �pc Gr0, a5e� C M 0
O Library
all Gera °�Gr '
Legal
0 Fire
Police
Requests • _ by Quarter Tech Services
Airport
200 152 189 Public Affairs/ Customer Svc
97 Economic Development
100 O Development Svcs Paul Meltzer • Deb Armintor Jesse Davis
0 Finance • Mayor Gerard Hudspeth • Vikki Byrd
Q1 21,22 Q2 21122 Q3 21r22 Q4 21,122 Audit Brian Beck 0 Alison Maguire 6 Chris Watts
Municipal Court Brandon Chase McGee
Procurement
Real Estate
Risk
• Open
Requests Elected Official Other Some requests involve multiple departments, causing the
0 20 40 60 80 total requests by department to add up higher than the
Submit New total request count
9
60
Open Requests Request
City of Denton City Hall
215 E.McKinney St.
Meeting Calendar Denton,Texas 76201
U E NTO N www.cityofdenton.com
Criteria : Begin Date: 71112022, End Date: 913012022
Date Time Meeting Body Meeting Location
July 2022
7/6/2022 3:00 PM Community Partnership Committee Council Work Session Room
7/6/2022 5:00 PM Planning and Zoning Commission Council Chambers
7/7/2022 8:00 AM Agenda Committee City Hall Conference Room
7/7/2022 8:30 AM Economic Development Partnership Development Service Center
Board Training Rooms
7/7/2022 4:00 PM Public Art Committee Civic Center Community Room
7/8/2022 10:00 AM Development Code Review Committee Development Service Center
7/8/2022 12:00 PM Community Services Advisory Development Service Center(401
Committee N. Elm Street, Denton,Texas)
7/8/2022 1:00 PM Committee on the Environment Sustainability Office
7/11/2022 9:00 AM Public Utilities Board Council Work Session Room
7/11/2022 5:30 PM Historic Landmark Commission Development Service Center
7/11/2022 5:30 PM Library Board Meeting Room at the North
Branch Library, 3020 N. Locust,
Denton,Texas
7/11/2022 6:00 PM Parks, Recreation and Beautification Civic Center Community Room
Board
7/13/2022 10:00 AM Economic Development Partnership Development Service Center
Board Training Rooms
7/13/2022 3:00 PM Airport Advisory Board Airport Terminal Meeting Room
7/13/2022 5:00 PM Planning and Zoning Commission Council Work Session Room
Council Chambers
7/14/2022 3:00 PM Health&Building Standards Development Service Center
Commission Training Rooms 1 and 2
401 N. Elm Street, Denton
7/15/2022 12:00 PM Community Services Advisory Development Service Center(401
Committee N. Elm Street, Denton, Texas)
7/18/2022 5:30 PM Traffic Safety Commission Development Service Center
7/19/2022 2:00 PM City Council Council Work Session Room
Council Chambers
City of Denton Page 1 Printed on 7/1/2022
61
Meeting Calendar continued..
Date Time Meeting Body Meeting Location
7/20/2022 9:00 AM Mobility Committee Council Work Session Room
7/21/2022 3:00 PM Committee on Persons with Disabilities Development Service Center
7/22/2022 1:00 PM Sustainability Framework Advisory Council Work Session Room
Committee
7/25/2022 9:00 AM Public Utilities Board Council Work Session Room
7/25/2022 5:30 PM Internal Audit Advisory Committee City Hall Conference Room
7/26/2022 2:00 PM City Council Council Work Session Room
Council Chambers
7/27/2022 11:30 AM Downtown Denton Tax Increment Development Service Center
Financing Zone No. 1 Board Training Rooms
7/27/2022 1:00 PM Community Partnership Committee Council Work Session Room
August 2022
8/1/2022 6:00 PM Parks, Recreation and Beautification Civic Center Community Room
Board
8/2/2022 2:00 PM City Council Council Work Session Room
Council Chambers
8/4/2022 8:00 AM Agenda Committee City Hall Conference Room
8/4/2022 8:30 AM Economic Development Partnership Development Service Center
Board Training Rooms
8/4/2022 4:00 PM Public Art Committee Civic Center Community Room
8/6/2022 9:00 AM City Council Council Work Session Room
8/8/2022 9:00 AM Public Utilities Board Council Work Session Room
8/8/2022 5:30 PM Historic Landmark Commission Development Service Center
8/8/2022 5:30 PM Library Board Meeting Room at the South
Branch Library, 3228 Teasley
Lane, Denton, Texas
8/10/2022 11:00 AM Economic Development Partnership Development Service Center
Board Training Rooms
8/10/2022 3:00 PM Airport Advisory Board Airport Terminal Meeting Room
8/12/2022 12:00 PM Community Services Advisory Development Service Center(401
Committee N. Elm Street, Denton,Texas)
8/12/2022 1:00 PM Committee on the Environment Sustainability Office
8/16/2022 2:00 PM City Council Council Work Session Room
Council Chambers
8/17/2022 9:00 AM Mobility Committee Council Work Session Room
City of Denton Page 2 Printed on 7/1/2022
62
Meeting Calendar continued..
Date Time Meeting Body Meeting Location
8/24/2022 12:00 PM Downtown Denton Tax Increment Development Service Center
Financing Zone No. 1 Board Training Rooms
8/24/2022 6:00 PM Denton Police Department Chief of Public Safety Training Center
Police Advisory Board 719 E. Hickory Street
Denton,Texas 76205
8/26/2022 1:00 PM Sustainability Framework Advisory Council Work Session Room
Committee
September 2022
9/1/2022 8:00 AM Agenda Committee City Hall Conference Room
9/1/2022 8:30 AM Economic Development Partnership Development Service Center
Board Training Rooms
9/9/2022 1:00 PM Committee on the Environment Sustainability Office
9/12/2022 5:30 PM Historic Landmark Commission Development Service Center
9/12/2022 5:30 PM Library Board Meeting Room at the Emily
Fowler Central Library, 502
Oakland St., Denton, Texas
9/12/2022 6:00 PM Parks, Recreation and Beautification Civic Center Community Room
Board
9/13/2022 2:00 PM City Council Council Work Session Room
Council Chambers
9/14/2022 11:00 AM Economic Development Partnership Development Service Center
Board Training Rooms
9/14/2022 3:00 PM Airport Advisory Board Airport Terminal Meeting Room
9/20/2022 2:00 PM City Council Council Work Session Room
Council Chambers
9/21/2022 9:00 AM Mobility Committee Council Work Session Room
9/23/2022 1:00 PM Sustainability Framework Advisory Council Work Session Room
Committee
9/27/2022 2:00 PM City Council Council Work Session Room
Council Chambers
9/28/2022 12:00 PM Downtown Denton Tax Increment Development Service Center
Financing Zone No. 1 Board Training Rooms
City of Denton Page 3 Printed on 7/1/2022
63
Tentative Work Session Topics and Meeting Information
Updated: July 1, 2022
Meeting Date Item I Legistar ID I Departments Involved Type Estimated Time
July 5,2022 NO MEETING-Break
A.Technology Services Phase 1 Audit 22-558 Internal Audit City Business 0:30
B. FY 2022-23 Utility Budgets
July 19,2022 22-247 Finance City Business 3:00
Work Session(@2:00 p.m.) (Solid Waste/Water/Wastewater/Drainage/Electric/Sustainability)
Special Called Meeting(@6:30 p.m.) C. Update from City DCTA Board Representative 21-2805 City Manager's Office City Business 0:30
D.Two-Minute Pitch:Davis 22-682 City Manager's Office Council Request 0:30
No other work session items may be added Closed Meeting Item(s): Legal(if any) City Business
Total Est.Time: 4:30
Other Major Items for Meeting:
A. Audit Project 028-Warehouse Operations 21-2810 Internal Audit City Business 0:30
B. Catalyst Fund 22-739 Finance City Business 1:00
C. Roadway Funding Strategies 22-741 Finance City Business 1:00
July 26,2022 D. Utilities Budget Follow-Up 22-742 Finance City Business 1:00
Work Session tang(@ :30 E. Two-Minute Pitch: 22-683 City Manager's Office Council Request 0:30
Special Called Meeting(@6:30 p.m.) Closed Meeting Item(s): TBD Legal(if any) City Business
Total Est.Time: 4:00
Other Major Items for Meeting:
A.TWU Master Plan TBD City Manager's Office City Business TBD
B. FY 2022-23 Annual Internal Audit Plan 21-2816 Internal Audit City Business 0:30
C. CERT/Volunteer Corp. 22-1083 Fire Council Request:Davis 0:30
August 2,2022 (3/22/2022)
D. Council Contingency Funds 22-1118 City Manager's Office City Business 0:30
Work Session(@26: p. E. Transitional Housing(THP) 22-1293 Community Development Council Priority 1:00
Regular Meeting(@6:30 p.m.)
.) F. Two-Minute Pitch: 22-684 City Manager's Office Council Request 0:30
Closed Meeting Item(s): TBD Legal(if any) City Business
Total Est.Time: 3:00
Other Major Items for Meeting:
August 6,2022(Saturday) FY 2022-23 Proposed Budget,CIP,and Five-Year Financial Forecast 22-251 Finance City Business 8:00
Budget Workshop(@9:00 a.m.)
Total Est.Time: 8:00
A. Audit Project 027-Technology Services:Phase 2 21-2812 Internal Audit City Business 0:30
B. FY 2022-23 City Manager Proposed Budget,CIP Budget,Five-Year Forecast 22-750 Finance City Business 1:00
August 16,2022 C. City Manager Report on Resolution 22-1275(Reproductive Healthcare) TBD City Manager's Office City Business TBD
Work Session(@2:00 p.m.) D.Two-Minute Pitch: 22-685 City Manager's Office Council Request 0:30
Regular Meeting(@6:30 p.m.) Closed Meeting Item(s): Annual Reviews:City Manager/City Attorney TBD Legal(if any) City Business
Total Est.Time: 2:00
Other Major Items for Meeting:
September 6,2022 NO MEETING-Labor Day
September 13,2022 FY 2022-23 Proposed Budget,CIP,and Five-Year Financial Forecast 22-1366 Finance City Business 3:00
Special Called Meeting(If needed)
Total Est.Time: 3:00
A. Update from DCTA Board Representative 21-2806 City Manager's Office City Business 0:30
September 20,2022 B. Audit Project 029-Police Body-Worn Camera Usage 21-2813 Internal Audit City Business 0:30
Work Session(@2:00 p.m.) C. Two-Minute Pitch: 22-882 City Manager's Office Council Request 0:30
Special Called Meeting(@6:30 p.m.)
Closed Meeting Item(s): Annual Reviews:City Auditor/Municipal Judge TBD Legal City Business 0:30
Total Est.Time: 2:00
Other Major Items for Meeting:Public Hearings:Tax Rate and Budget
A. Audit Projects:003-Procurement,012-Economic Dev.Retention&Expansion
21-2815 Internal Audit City Business 0:45
September 27,2022 and 013-Grants Mgmt.
Work Session(@2:00 p.m.) B. Wastewater Master Plan Update 22-1164 Water Administration City Business 0:45
Regular Meeting(@6:30 p.m.) C. Two-Minute Pitch: 22-883 City Manager's Office Council Request 0:30
Closed Meeting Item(s) TBD Legal City Business 0:30
Only 2 work sessions allowed Total Est.Time: 2:30
Other Major Items for Meeting:Public Hearing:Budget Adoption
A. Quakertown Project&Women's Building Naming/Commemoration of former Residents 22-1134 Parks&Recreation Council Request:Byrd0:30
(4/19/20221
Council Priority
B. Charging Stations 22-1282 Development Services Council Request:Watts 0:30
October 18,2022 (6/07/2022)
Work Session(@2:00 p.m.) C. Solicitation/Panhandling Policy 22-1281 Police;Community Services Council Request:Hudspeth 0:45
Special Called Meeting(@6:30 p.m.) (6/07/20221
D.Two-Minute Pitch: city Manager's Office Council Request 0:30
Closed Meeting Item(s): TBD Legal(if any) City Business
Total Est.Time: 2:15
Other Major Items for Meeting:
A. Responsive Speed Limit Sign Program TBD Engineering Council Request:Davis TBD
(6/28/2022)
B. Public Facility Corporations TBD City Manager's Office Council Request:Watts TBD
October 25,2022 (6/28/2022)
Work Session(@2:00 p.m.) C. Legislative Update TBD City Manager's Office City Business TBD
Special Called Meeting(@6:30 p.m.) Two-Minute Pitch: City Manager's Office Council Request 0:30
Closed Meeting Item(s) TBD 1 Legal(if any) City Business
Total Est.Time: 0:30
Other Major Items for Meeting:
A. Multiple Audit Follow-up Reviews 22-1166 Internal Audit City Business 0:45
November 1,2022
Work Session(@2:00 p.m.)
Regular Meeting(@6:30 p.m.) Two-Minute Pitch: City Manager's Office Council Request 0:30
Closed Meeting Item(s): TBD Legal(if any) City Business
Total Est.Time: 1:15
Other Major Items for Meeting:
November 15,2022
Work Session(@2:00 p.m.)
Special Called Meeting(@6:30 p.m.) Two-Minute Pitch: City Manager's Office Council Request 0:30
Closed Meeting Item(s): TBD Legal(if any) City Business
Total Est.Time: 0:30
Other Major Items for Meeting:
A.Denton County Transit Authority Update 21-2807 City Manager's Office City Business 0:30
December 6,2022
Work Session(@2:00 p.m.) Two-Minute Pitch: City Manager's Office Council Request 0:30
Special Called Meeting(@6:30 p.m.) Closed Meeting Item(s): TBD Legal(if any) City Business
Total Est.Time: 1:00
Other Major Items for Meeting:
.This is for planning purposes only.Dates are subject to change. 64
Meeting Date Item Legistar ID Departments Involved Type Estimated Time
A.Audit Project 030—Auditee Unknown 22-1167 Internal Audit City Business 0:30
December 13,2022
Work Session(@2:00 p.m.)
Regular Meeting(@6:30 p.m.) Two-Minute Pitch: City Manager's Office Council Request 0:30
Closed Meeting Item(s): TBD Legal(if any) City Business
00000=Total Est.Time: 1:00
Other Major Items for Meeting:
Item Legistar ID Departments Type Estimated Work
Session Date
Sanger ETJ Boundary Adjustment 21-2653 Development Services City Business Date/:45
Work Session Dates to be Determined Denton Energy Center Alternate Fuel Study TBD DME City Business TBD
Item Dates Departments Type Estimated Work
Session Date
Council Priorities and Significant Work Plan Items
to be Scheduled
Item Date Approved Department Estimated Hours to Requestor
Complete
Traffic Feedback Signs(Report only;no work session) Feb.1,2022 Traffic Engineering Hudspeth
Approved Council Pitches to be Scheduled
*This is for planning purposes only.Dates are subject to change. 65
1 Street Closure Report: Upcoming Closures smartsheet
SCR July 4th - 10th
Street/Intersection Closure End
Date Description Department Department Contact
1FOioardkSt
st Ridge or EI Paseo St Wellington Oaks Cir 07/19/22 08/19/22 Street Panels Repair Streets Roy San Miguel
2n or Malone St Gober St 07/19/22 08/12/22 Curb and Gutter/Valley Gutter Repair Streets Roy San Miguel
3nney St E Bell St Frame St 07/18/22 08/01/22 Working on drainage and construction of Frame St. Public Works Inspections Armando Beltran
4 Fulton St Fry St 07/15/22 08/05/22 Utility work in roadway Public Works Inspections Gabrielle Milam
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2 Street Closure Report: Current Closures smartsheet
I Closure Start Closure End I
Street/Intersection From To Date Date Description Department Department Contact
1 Allred Rd JM Prosperity Farm Rustic Barn Bonnie Brae St 09/27/21 07/31/22 Storm Installation,Cutting Private Development Public Jeremiah Tillman-David
Venue Grade on Allred Works Inspections
Atlas Dr Hercules Ln Juno Ln 06/06/22 07/15/22 Replacing gas service lines, Atmos Public Works Ryan Dromgoole
2 open trench,from new main. Inspections
Road will be closed from 8am-
4pm Monday through Friday.
3 Ave A Maple St Highland St 07/05/22 07/15/22 Valley Gutter Repair Streets Roy San Miguel
4 Bell Ave Administration Or Mingo Rd 05/16/22 07/15/22 6 in.Asphalt Mill and Overlay/ Streets Roy San Miguel
will be split in 3 Sections
Bernard St Hickory St Chestnut St 06/01/23 07/12/23 Water Distribution will be Water Tiffany Sherrane
5 replacing the water main line
and services.
6 Bradshaw St Hickory St McKinney St 03/21/22 07/31/22 Utility installations and Engineering Scott Fettig
pavement replacement.
Clover Ln Robinwood Ln Glenwood Ln 05/23/22 09/19/22 Wastewater Collections will be Wastewater Tiffany.sherrane@cityofdenton.
7 installing a new sewer main line com
and services.
College Park Dr Peach St Fowler Dr 04/18/22 07/20/22 Water Distribution will be Water Tiffany Sherrane
8 installing a new water naim line
and services.
9 Crawford St Hickory St McKinney St 03/21/22 07/31/22 Utility installations and Engineering Scott Fettig
pavement replacement.
Fowler Dr College Park Dr Peach St 04/18/22 07/20/22 Water Distribution will be Water Tiffany SHerrane
10 installing a new water main line
and services
11 Fry St Oak St Scripture St 05/10/22 07/15/22 Drive Approaches/Sidewalk/ Private Development Public Gabrielle Milam
Water and Sanitary Sewer Works Inspections
12 Green Ivy Rd Robinson Rd English Manor Rd 05/23/22 07/08/22 Concrete Panel and Sidewalk Streets Roy San Miguel
Repair
13 Hettie St Paisley St McKinney St 03/21/22 07/31/22 Utility installations and Engineering Scott Fettig
pavement replacement.
14 Hickory St Exposition St Ruddell St 05/02/22 08/31/22 Utility installations and Engineering Scott Fettig
pavement replacement.
15 Hill Alley Jackson St Martin St 06/06/22 08/26/22 Utility replacement and roadway Engineering Seth Garcia
reconstruction
16 Jackson Morse St Hill Alley 06/06/22 08/26/22 Utility replacement and roadway Engineering Seth Garcia
reconstruction
Jim Chrystal Rd Western Blvd Masch Branch Rd 04/18/22 08/31/22 Exeter PH2.Installing Public Private Development Public Jeremiah Tillman-David
17 Water,Sewer,and Storm Works Inspections
Utilities
Live Oak St Robinwood Ln Crestwood PI 05/23/22 09/19/22 Wastewater collections will be Wastewater Tiffany Sherrane
18 installing a new sewer main line
and services.
19 Marquette Dr(3608) Centenary Dr Cul v Sac 06/27/22 07/22/22 ADA/Sidewalk Repair Streets Roy San Miguel
20 Mash Branch Rd Lovers Ln Hampton Rd 06/24/22 09/30/22 Bridge collapse at 3288 N. Drainage Gabriel Rodriguez
Mash Branch Rd
21 McKinney St Crawford Rd Audra Ln 05/19/22 09/30/22 Utility installations and Engineering Scott Fettig
pavement replacement.
Mistywood Ln Sherwood St Robinwood Ln 05/23/22 09/19/22 Wastewater Collections will be Wastewater Tiffany Sherrane
22 installing a new sewer main line
and services.
23 Morse St Lakey St Jackson St 06/06/22 08/26/22 Utility replacement and roadway Engineering Seth Garcia
reconstruction
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Street/Intersection From To Closure Start Description Department Department Contact
Date
North Texas Blvd Eagle Dr Oak St 12/13/21 09/01/22 Utility installations and Engineering Scott Fettig
pavement replacement.There
24 will be multiple phases of
closures.Will not be all at one
time.
25 North Texas Blvd Oak St Hickory St 06/10/22 08/31/22 Utility installations and Engineering Scott Fettig
pavement replacement.
26 Oak St.E Crawford St Wood St 04/04/22 08/31/22 Utility installations and Engineering Scott Fettig
pavement replacement.
27 Parkside Or Windsor Dr Bowling Green St 05/31/22 07/15/22 Utility installations and Engineering Scott Fettig
pavement replacement.
Peach St Locust St Palmer Dr 04/18/22 07/20/22 Water Distribution will be Water Tiffany Sherrane
28 installing a new water main line
and services.
Robinwood Ln Kayewwod Dr Emerson Ln 05/23/22 09/19/22 Wastewater Collections will be Wastewater Tiffany Sherrane
29 installing a new sewer main line
and services.
30 Rose St Paisley St Uland St 04/25/22 08/31/22 Pavement Replacement Engineering Scott Fettig
31 St James PI Wheeler Ridge Dr Thoroughbred Trl 06/27/22 08/05/22 Concrete Panel and Sidewalk Streets Roy San Miguel
Repair
32 Stella St North Texas Blvd Bonnie Brae St 10/29/21 08/31/22 Utility installations and Engineering Scott Fettig
pavement replacement.
33 Sycamore St Bernard St Carroll Blvd 05/17/22 07/29/22 Street Reconstruction Engineering Dustin Draper
34 Uland St Rose St Railroad Ave 04/25/22 08/31/22 Utility installations and Engineering Scott Fettig
pavement replacement.
35 Windsor Dr Fireside Ln Bonnie Brae St 06/06/22 08/26/22 Utility installations and Engineering Scott Fettig
pavement replacement.
36 Wood St McKinney St Hickory St 04/11/22 08/31/22 Utility installations and Engineering Scott Fettig
pavement replacement.
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3 Street Closure Report: Completed Closures smartsheet
Date710-Sure End Description Department Department
Bonnie Brae St Scripture St 1-35 01/01/20 06/30/22 Installation of water Engineering Streets Water Robin Davis
1 transmission line and
restoration of asphalt
2 Box Wood Smoke Tree Cul V Sac 05/23/22 06/16/22 Concrete Panel Repair Streets Roy San Miguel
Bryan St Scripture 228 Bryan St 06/06/22 06/07/22 Closing Bryan Street June 6 Public Works Inspections Stephany Trammell
3 and 7 from 7:00 AM to 4:30 PM
to remove tower crane from
jobsite.
4 Foxcroft Cir Old North Rd Emerson Ln 02/11/22 06/27/22 Street reconstruction Engineering Dustin Draper
5 Foxcroft Circle Archer Trail Northcrest Rd 04/25/22 06/03/22 Street reconstruction Engineering Dustin Draper
6 Hillcrest St Scripture St Panhandle 04/29/22 06/30/22 Street reconstruction Engineering Dustin Draper
7 Long Rd Sherman Dr(428) Holy Springs Rd 05/16/22 06/16/22 Concrete Panel Repair Streets Roy San Miguel
McKinney St Elm St Locust St 06/16/22 07/01/22 Restoring concrete from Atmos Public Works Inspections Ryan Dromgoole
8 replacing Gas Main and
Services.Inside Lane Closure
on NB Locust
9 Mockingbird Ln Mingo Rd Stockton St 05/04/22 06/13/22 Sewer manhole installation and Public Works Inspections Armando Beltran
2 water taps.
10 Oak St.W Bradley St North Texas Blvd 06/10/22 06/22/22 Utility installations and Engineering Scott Fettig
pavement replacement.
11 Shagbark Vintage Blvd Buckthorn Ln 05/31/22 06/24/22 Concrete Panel Replacement Engineering Seth Garcia
Trinity Rd Mills Rd Grissom Rd 06/27/22 07/01/22 Water tap into the Woodlands Public Works Inspections Armando Beltran
12 Privat
development.
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