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121517 Friday Staff Report F` City Manager's Office DENTON 215 E. McKinney St., Denton, TX 76201 • (940) 349-8307 MEMORANDUM DATE: December 15, 2017 TO: The Honorable Mayor Watts and Council Members FROM: Todd Hileman, City Manager SUBJECT: Friday Staff Report I. Council Schedule A. Meetings 1. Work Session of the City Council on Tuesday, December 19, 2017 at 1:00 p.m. in the City Council Work Session Room followed by a Closed Session Meeting. 2. No Agenda Committee Meeting on Wednesday, December 20, 2017. B. Upcoming Events 1. US Conference of Mayors, January 24-26, 2018, Washington, DC. II. General Information & Status Updates A. Wells Fargo and Williams Square Parking Lots — In May 2017, Jack Bell Properties acquired the four properties associated with the Wells Fargo bank building at the southeast corner of Locust and Hickory Streets: the toweribank lobby, the "ATM lot," and two parking lots. This week, signs were posted in the ATM lot and two parking lots indicating that on Jan. 1, 2018, those lots will become pay-to-park via app. (Note: Staff was informed today that the pay-to-park app will not be active until February 2018,despite the Jan. 1 date on the signs.)As these lots are private property,the owner is within his rights to charge for parking. Because these lots adjoin the City-owned Williams Square parking lot (see attached map "Wells Fargo and Williams Square Lots"), staff is taking steps to communicate with residents that Williams Square parking remains free and open to the public. Additional signage will be placed in Williams Square to clearly indicate this. Also in May 2017, Jack Bell Properties approached the City about leasing Williams Square to build a parking structure as part of a planned redevelopment OUR CORE VALUES Integrity • Fiscal Responsibility • Transparency • Outstanding Customer Service of the Wells Fargo property. Council received a work session report regarding this request and directed staff to begin discussions with Jack Bell Properties, with the stipulation that a private parking structure on Williams Square must have at least the equivalent number of free public parking spaces that are currently available, plus additional spaces as a consideration. Staff has met several times with representatives of Jack Bell Properties, and discussions have not moved forward. The attached"Downtown Parking Map" shows both free and paid public parking locations downtown. Staff contact: Caroline Booth B. 2018 State of the City Event— The 2018 State of the City event was planned for the evening of Thursday,January 18 at the Denton Civic Center;however,we have been informed that the Embassy Suites Hotel and Convention Center has planned their grand opening and ribbon cutting ceremony for that same evening with invitations going out today. Due to the significance of the Convention Center opening in Denton, the 2018 State of the City event will be rescheduled. Staff is looking to reschedule the State of the City to the evening of Thursday, February 15 and hold it at to the Convention Center, who has been offered as a venue to host the event at no cost. Before this date is confirmed, please let Sarah Kuechler know by Monday if there are any potential calendar conflicts (940-349- 8356 or sarah.kuechlerkcityofdenton.com). Once confirmed, staff will push out communications to inform residents and the community. Staff contact: Sarah Kuechler C. Organizational Changes—Please see below organizational updates: 1. Please be informed that the last day for Emerson Vorel, the Director of Parks and Recreation, was Friday, December 15. Laura Behrens has been named Interim Director. As previously announced, Ralph Andersen & Associates is coordinating the search for the next Director of Parks and Recreation and the recruitment process has started. Staff contact: Bryan Langley 2. D'Lee Williams, currently the Assistant Director of Capital Projects and previously the Assistant Director of Parks and Recreation, has submitted her resignation with the City of Denton to become the Director of Recreation for the City of Garland.Her last day in the office will be Friday, December 22. Her energy will certainly be missed. Please join us in congratulating D'Lee and wishing her well as she takes the next step in her career. Staff contact: Mario Canizares 3. Utilities Safety& Training currently reports to Denton Municipal Electric (DME)and has four employees who focus on safety and training for Water, Wastewater, and Solid Waste, as well as Electric. Risk Management focuses on safety and training for the rest of the organization. Effective December 16, 2017, two of these employees will be transferred to Risk Management. Tom Walding, Utilities Safety & Training Supervisor, and Darrell Dillard, Safety Specialist,will report to Scott Payne,Risk Manager. This move will help to consolidate,enhance,and focus the safety resources for most of the City operations. Due to the specialized nature and unique risks within the electric industry, Rusty White, Electric Safety & Training Supervisor, and David Dwinell, DME Safety Specialist, will continue to focus their safety efforts on the DME operations and will continue to report to DME. DME is currently determining ways to ramp up their safety and training program. Scott will be meeting with the DME managers in the coming months to assist them in analyzing their safety and training program and needs, and enhance coordination efforts between DME and Risk Management. Staff contact: Carla Romine D. Denton Receives SolSmart Bronze Designation—The City of Denton has received a Bronze designation from the national SolSmart program. This designation is granted to cities and counties that make changes to their local process to encourage solar development. Denton achieved the bronze designation by creating a "one- stop shop" for solar customers and implementing a streamlined application and approval process between DME and Building Inspections. Representatives from the North Central Texas Council of Governments will present the award to the City at the January 9 City Council Meeting. The attached press release was sent to the media today. Staff contact: George Morrow E. Stoke Denton—Hickory & Rail Ventures (HRV) assumed management of Stoke Denton on December 1. When City management of Stoke ended on Nov. 30,there were 41 total members. HRV has signed or pending contracts with 38 members. Denton Angels, the newly formed local venture capital investor group, is one of the new members and is planning to hold its first Forum event at Stoke in early 2018. Staff contact: Caroline Booth F. Victor Technologies Incentive Termination—In 2015, the City of Denton entered into a Chapter 380 economic development program grant agreement with Victor Equipment Company and Mohr Denton, LLC for an expansion project at its Airport Road facility. The project invested$18 million to add 185,000 square feet of new space and transform 30,000 existing square feet into research and development space.These improvements allowed the creation of 100 new jobs and the relocation of 100 employees to Denton from other facilities. The Chapter 380 agreement granted a 65 percent tax rebate on the increase in valuation of the existing facility and on eligible business personal property for a period of seven years.Under the terms of the agreement,the rebate would be granted if the increase in the assessed real and business personal property valuation was at least $6.5 million over the 2014 base year valuation (excluding inventory, vehicles, and supplies). According to Economic Development's calculations based on data from the Denton Central Appraisal District, Victor did not meet the required threshold to receive the incentive. Although the real property improvement valuation increased by$10.6 million over the 2014 base year valuation,the eligible business personal property valuation decreased $5.9 million below the 2014 base year value.The result was an overall increase of only$4.7 million.The agreement states that if any event of default occurs and the grantee fails to cure the default, all commitments of the City under this agreement shall immediately terminate for the current and future years. Therefore, the tax rebate agreement is terminated; no payment has been or will be made to Victor. Economic Development staff met with Victor's Denton-based leadership to explain the termination and offer other options for business assistance, including facilitation of its application for a State- funded Skills Development Fund workforce training grant. Staff contact: Caroline Booth G. Development Services Presentation to Economic Development Partnership Board — Scott McDonald presented an update on the Development Services Department to the Economic Development Partnership Board during its Dec. 13 meeting. The Board's next meeting will be on Jan. 10, 2018. The agenda will include a presentation on and discussion of the City's Incentive and Public Improvement District policies. Staff contact: Caroline Booth H. Woodrow Lane and Shady Oaks—At the December 12 Council work session, staff informed Council of a project to install an eastbound right turn lane at the intersection of Shady Oaks Drive and Woodrow Lane. The project was identified as a short term solution to alleviate traffic congestion along Shady Oaks Drive. The construction work that has begun is the relocation of utilities and signal poles. The project is anticipated to begin construction in April 2018 and take approximately 6-8 weeks. Staff contact: Mario Canizares I. Dallas Drive at I-35 —The closure of the Dallas Drive on-ramp to I-35 began this week and is scheduled to last for a year through December 2018. Therefore, City staff has requested ITS Consultant, John Polster, to work with TXDoT staff on seeking road maintenance funds to make repairs to US 77/Dallas Drive,south from Teasley to the flashing lights at I-35 by Calloway's Nursery. Staff contact: Mario Canizares J. Denton Airport Environmental Assessment Public Hearing— The Environmental Assessment(EA)Public Hearing for the construction and operation of the Parallel Runway was held at the Airport on December 13, 2017 at the Airport Terminal Meeting Room. A presentation on the details of the EA was provided by the Airport's consultant, KSA. No public comments were received at the meeting; however, the written public comment period is open until January 14, 2018. Following the comment period, the Final EA will be submitted to the Federal Aviation Administration for final approval. It is anticipated that Texas Department of Transportation - Aviation will bid the construction in February 2018, with construction commencing in March/April 2018. Staff contact: Scott Gray K. Hickory Street CIP Project — Please see attached Field Visit Report for the Hickory Street CIP Project from the City's engineering firm, Freese and Nichols. The wastewater portion of the project is complete and the crews are currently working on relocation of other underground utilities between Avenue B and Fry Street. Also, attached is an updated project timeline with project phasing. Staff contact: Galen Gillum L. Credit and Collection Policies on the Website —At the December 5 City Council work session, Council asked staff to post the City's utility billing credit and collection policies on the website. Staff has updated and expanded the "Pgy M Bill"page with a description of what items are required to connect service, how a deposit is determined, copies of the relevant ordinances and policies, and other helpful information for utility customers. Staff contact: Tiffany Thomson M. DFW Clean Cities Fleet Recognition—The City of Denton was recognized at the DFW Clean Cities Annual Meeting on Wednesday, December 13 for its contributions in 2017 towards petroleum consumption reduction and air quality improvement. This recognition was based on the City's use of alternative fuels such as ethanol,biodiesel,and compressed natural gas as reported annually.Below is a photo from the ceremony with Lori Clark, DFW Clean Cities Coordinator Program Manager, presenting the award to Fleet Manager Terry Kader and Fleet Specialist Brad Holland. Staff contact: Terry Kader rt�ierar �1 N. 2018 Solid Waste & Recycling Calendars — The 2018 Solid Waste & Recycling Service Calendars were delivered this week to all residential calendars.This year's calendar highlights the many processes for recycling and resource management for Denton, and includes events and holiday solid waste & recycling collection delays. This edition also introduces residents to some of the many great City staff members providing these services. The calendars were mailed to all residential customers, and are available at various civic buildings including recreation centers and libraries. Staff contact: Stuart Birdseye O. Press Release on Holiday Hours — Please see attached press release regarding holiday-related closings for the City. Staff contact: Jessica Rogers P. FY2017/2018 Budget — Copies of the FY2017/2018 Program of Services book will be provided to the City Council in their packet today. An electronic copy is available on the website under the Open Government page or by clicking here. Staff contact: Chuck Springer Q. Informal Staff Reports—Please find attached 3 ISRs on the following items: 1. Q4 2016/2017 Financial Report 2. Lighting Options Along US Hwy 380 3. Drone Regulations (please note that Texas cities are pre-empted, but federal and state regulations are explained) III. Community Events A. Dallas Dinner Table on MLK, Jr. Day — The Denton Together Coalition encourages community members to sign up and participate in the Dallas Dinner Table 2018 on Monday, January 15, 2018, coinciding with the Birthday of Dr. Martin Luther King Jr. holiday. Small dinners are organized across the Greater Dallas area one night a year where participants share experiences and perspectives on race in a casual setting in a structured discussion. Registration is open and can be done here. The Dallas Dinner Table organization helps to match interested Hosts, Facilitators, and Guests based upon location. Please contact DTC Chair Sheryl English or Co-Chair Pat Smith with any questions. IV. Attachments A. Press Release - Wells Fargo and Williams Square Lots 1. Wells Fargo and Williams Square Lots 2. Downtown Parking Map B. Downtown Parking Map C. Press Release— SolSmart Designation D. Hickory Street CIP Project 1.Field Visit Report 2.Project Schedule E. Press Release - Holiday Closing V. Informal Staff Reports A. Quarterly Financial Report Q4 2016/2017 B. Lighting on US Hwy 380 C. Drone Regulations VI. Council Information A. Council Requests for Information B. Draft Agenda(No Draft Agenda) C. Council Calendar D. Future Council Items E. Street Construction Report -40 o FOR IMMEDIATE RELEASE DENTON Jessica Rogers • (940) 349-7531 • Jessica.Rogers@cityofdenton.com Downtown Wells Fargo and Williams Square Parking Lots DENTON, TX, Dec. 15, 2017—In May 2017, Jack Bell Properties acquired the four properties associated with the downtown Wells Fargo bank building at the southeast corner of Locust and Hickory Streets: the tower/bank lobby, the "ATM lot," and two parking lots located between Hickory and Mulberry Streets. Signs were posted this week in the ATM lot and the two adjacent parking lots indicating that those lots will become pay-to-park via app on Jan. 1, 2018. As these lots are private property, the owner is within his rights to charge for parking. The impacted lots adjoin the City-owned Williams Square public parking lot, which will remain free and open to the public. The attached map, titled"Wells Fargo and Williams Square Lots", shows the separation between the private pay-to-park lot to the west and the Williams Square free public parking lot to the east. Additional signage will be installed to clearly indicate the free public parking. The attached"Downtown Parking Map" shows both free and paid public parking locations in downtown Denton. Contact: Caroline Booth, (940) 349-7751, Caroline.Booth@cityofdenton.com Visit www.cityofdenton.com for more news and to stay updated. Attachments: Wells Fargo and Williams Square Lots Downtown Parking Map OUR CORE VALUES Integrity•Fiscal Responsibility•Transparency• Outstanding Customer Service ADA/EOE/ADEA www.cityofdenton.com TDD(800)735-2989 Wells Fargo and Williams Square Parking Lots Jack Bell Properties owns the parking lots shown in gold (Wells Fargo lots). The City of Denton owns the parking lots shown in green (Williams Square). I L7- � � o 0 WSW a � Gib- 'N° Q 1 ' • C � � i ' 7 V ll\_.1/.1=l 11 � •� I I I t rs � I �, Denton Downtown Public Parking LEGEND - DCTA TRANSIT CENTER A-Train/Bus Depot TEXAS ■ HISTORIC COURTHOUSE J ON THE SQUARE � J J W W in WITHERS m GOVERNMENT OFFICES 1. JOSEPH A.CARROLL Q 0 2. DEVELOPMENT SERVICES J U 3. U.S. POST OFFICE Y 4. CITY HALL J O 5. CIVIC CENTER 0 6. CITY HALL EAST/ �= POLICE DEPT TIMED STREET PARKING 5 MINUTE WALK 2 HR LIMIT-ENFORCED PARKWA 1/4 Mile radius M-F 8am-5pm ----y ) PUBLIC PARKING LOTS J U) W � U 4 A.County Parking Lot O 3 Spaces: 111 E. C KIN EY E. MC KINNE A.1 County Carroll Courts Bldg Spaces:75 JCity Development Srvs Spaces:85 - W AVAILABLE AFTER 5PM& AK m OAK SATURDAY/SUNDAY HICKORY E B. Public Lot-PAID PARKING Spaces:42 W . ICKORY () E. HICKO C.The"Central Fire Station/Rock Lot" 1 2 J Z Behind City Hall West Spaces:87 w p CO �= D.City Hall West Aux. Lot Spaces:47 M LBE Cn a E. Wells Fargo-PAID PARKING Spaces: 106 J X Lul Williams Trade Square Spaces: 102 W - F. City Hall Parking Lot Spaces: 106 Q W V (back,Post Office&main enterances) U ~ N G. McKinney/Oak/Oakland Parking U aka Former County Assessor Spaces: 125 10 MINUTE WALK 1/2 Mile radius i H.Civic Center Parking Lot Spaces: 185 I. City Hall East Parking Lot Spaces: 121 J. Public Parking Lot Spaces: 117 0000 City of De nto n ADA/EO E/ADEA 'IDD(800)735-289 This map is graphic representation prepared by the City of Denton Economic Development Department and is intended for use only as reference. Data depicted here is not guaranteed for accuracy and maybe subject to (940)349-8200 revision at any time without notification. ARegistered Surveyorforthe State ofTexa s was not consulted. For Survey levelaccuracy,supervision and certification ofthe produced data by Registered Professional Land Surveyorforthe www.cityofdenton.com State ofTexaswould have to be performed. Economic Development Published 12/17 -40 o FOR IMMEDIATE RELEASE DENTON Jessica Rogers • (940) 349-7531 • Jessica.Rogers@cityofdenton.com Denton Designated "SolSmart Bronze" for Advancing Solar Energy Growth DENTON, TX, Dec. 15, 2017—Denton has received a Bronze designation from the national SolSmart program for making it faster, easier, and more affordable for homes and businesses to install solar panels. This designation recognizes Denton for taking bold steps to encourage solar energy growth and remove obstacles to solar development. For companies looking to expand, a SolSmart Bronze designation is a signal that Denton is "open for solar business." "I am proud of the dedication and hard work of staff to obtain the Bronze designation for Denton," said DME General Manager George Morrow. "Our city has made a commitment to renewable energy and sustainable practices and this award shows how we are making that commitment a reality." The SolSmart program is led by The Solar Foundation and the International City/County Management Association(ICMA) and funded by the U.S. Department of Energy SunShot Initiative. More than 100 cities and counties have achieved a SolSmart designation since the program launched in 2016. To achieve a SolSmart designation, cities and counties make changes to their local processes to reduce the time and money it takes to install a solar energy system. In Denton, staff implemented a streamlined application and approval process by combining the Denton Municipal Electric solar application with the Building Inspections permit application. This created a"one-stop shop" for customers throughout the solar application, approval, and permitting process. Representatives from North Central Texas Council of Governments will be on hand to present the City its award at the City Council meeting on Jan. 9, 2018. Contact: Tabitha Millsop, (940) 349-7529, Tabitha.Millsop@cityofdenton.com Visit www.cityofdenton.com for more news and to stay updated. OUR CORE VALUES Integrity•Fiscal Responsibility•Transparency• Outstanding Customer Service ADA/EOE/ADEA www.cityofdenton.com TDD(800)735-2989 '�Dat- &Time: Wed Dec 13 07:36:18 CAST 2017 =>•� �P'+o,�t"�o +03�3.214660°/-097.146987° "� •�'��'',�T Altitude: 673fit �"d�� '�yf�' �. ail,..,•, DENTON aDa��GS-8• �, Azimui+h//°Bearing: 058° ME 1031 mils MU-) Elevation A`7"l . +2!8.7` -1 j Hickory Street CIP project—Water main FIELD VISIT REPORT line ;H"ori�zon Ang e: -0'7 1'� -- �+�-'� ►� Zoom: 1►X� 4 �',��" �! •i M �''II ,� 1 ^K':1 4ri Si - � � �� xv loxN•s �• .-_ � .�u _ of _ - '? Moran'^' w•i �.._ ...--. ..� i implementation between Avenue "B" and Fry Street full steam .• December • • Patino Ilk— Date&TOM e EC 1:11 CST 2017 K h/ OW H3E rmni (Truce , +27,00 Hor(11z@n '40 f` Zoom:1X a seceo uur .H' Date&Time:Wed Dec 6 07:45.06 CST 2017 / Position:+033.2146970/-M.147296° Altitude:676ft / - Above: Water main 64 Datum:WGS- installed along muth/Bearing:325°N35W 5778mits(True) oin ng to:+29.1° Hickory Street facing '50 east towards Fry i Street. 1216117 Lg t: Water main - installed along Hickory Street facing west towards Avenue 'B". 1216117 fi } 4, � Y. - ^� �K�� is • yi.. � 1 Azimuth/B 32Q' N3�4b It rl.v��yi,on• n,"g.�`l, +�()5!3 x•..:,w'� � . _ •i t � 1 / ••Yll'��' Z .'u !ate T - 7< s ♦ s F:h D-te x Time lNed.N'ov 29 U . cs inn: +033214600 i-0 7 1�81,1' • imu:h,EParing 50' NOOW e��-0.rnitsl-TruEi .�' �_, - -�� r.€ l�v� is n�A`g I .7.. Zoo i � ,.7 ,�� >r M.:I,YT`a ,A. J� � �Jn �'< +b^:+ �--•r�"Z -. 'Ts o Horizon Angle;: I 1 • 1 I ' -Y h` r • -86 01 Azimuth/Bearing: 054--454E 09E Elevation ngTe�: 24 ,- 'Horizon .;105�18 — 4i —• Zoom:.1 AM 01 Gz - e . p _ `r, G, BD.6 0 0 1 /A Fire Hydrant lead COFFEE excavation on Hickory Street(facing west). r 12113117 C.ar I lives -- •- 't� Below Fire Hydrant lead installation on Hickory Street and Fry Street intersection (facing north). 12113117 Aba •� J � ':��I .Pl•i1'V'� I, �' • til �n11�/�� 'u'�' 1 j'� e;` i� �+' ti. -- ` I�1 � i ask �. • _ \ AIPW Capital Improvement Projects Status Report DENTON Status Report Project Name: Hickory Street CIP To: Galen Gillum, Director of Capital Project;Todd Estes, City Engineer Date Prepared: 12/13/17 From/ Prepared By: Giancarlo Patino (FNI)/James Wilder (COD) Department: Capital Improvements Program Project Updates - Project team held internal monthly meeting on December 6, 2017 to discuss CIP project's progress. - DME completed work within the Hickory Street ROW. - Site visits performed on November 29, December 6 and 13 of 2017 to demonstrate construction progress. A field progress report is provided separately. - Project costs (water and wastewater)to date is$797K out of the estimated budget of$4.18M. Total project budget ($4.18M) includes street's paving and drainage. Upcoming Activities - Water crew working on Phase III, segment between Avenue "B" and Fry Street. - Atmos confirmed Phase II (North Texas Boulevard to Avenue B) gas installation to begin in January 2018. - Atmos to complete gas line installation Phase I (Bonnie Brae to North Texas Boulevard) before Christmas 2017. Project Schedule and Upcoming Deliverables - Hold Hickory Street internal project meeting January 10, 2018 - Water Phase III: Ave. "B" to Fry Street segment completion date January 5, 2018 - Atmos Phase I gas line installation completion date cember 22, 2017 Outstanding Issues or Info Needs - Maintain communications with UNT of any schedule updates or changes. - Bike lane assignment decision between Avenue B and Welch Street. - Narrowing lanes and enhancing sidewalk, landscape, and pedestrian lighting alternative from Welch street to Carrol Boulevard under consideration by upper management for potential item to City Council. Updated December 8, 2017 DENTON Hickory Street - CIP 2017 Wastewater Department �i � m LL = Z H W 7 U W m Z� ,. W () J Q J W. Q J W Q w J J 'Z'. k qT z. z W HICKORY ST v z > LLJ Go Q W LL Q 0 Z ¢ Iw- Q; m ¢ w ® o a x 3 STELLAST 7W MULBERRY ST m W MULBERRYST m p7 1 1 1HIE=y I LLI I U coz � 11 F Wate DeV,Ifr r,- ent J-7 4zu---, Z-TT (n2 � WW 'Z'3 Q W HICKORY ST v z > m w W m CD LLJ W q J STELLAST WMULBERRYST w m W MULBERRYST m p U m z � i i Street Department u O m A W w (n 2 W W V W � r w Q. J W Q W 0 J� Z 4, m z a ¢ z Z 3 o a kSr z z TTT W HICKORY ST > m o w W m W W H J U STELLAST WMULBERRYST m WMULBERRYST U m7 O y z Fi i i 77 Start Date - January 2017 Start Date - March 2017 Start Date - February 2018 e WW Phase I - (COMPLETE) Water Phase I - 6 Months (COMPLETE) Streets Phase I -4 Months (Jan. 2018 -Apr. 2018) WW Phase 11 - (COMPLETE) Water Phase 11 - 6 Months (COMPLETE) Streets Phase 11 - 3 Months (May 2018 - Jul. 2018) WW Phase III - (COMPLETE) Water Phase III -5 weeks (12/4/2017 - 1/12/2018) Streets Phase III -3 Months (Aug. 2018 - Oct. 2018) WW Phase IV- COMPLETE Date: 12/8/2017 (COMPLETE) Water Phase IV- 5 Months (1/15/2018 - 5/18/2018) Streets Phase IV -3 Months (Nov. 2018- Jan. 2019) WW Phase V - (COMPLETE) Streets Phase V- 5 Months (Feb. 2019 -Jun. 2019) 0 250 500 1,000 Feet Stop Date - May 2018 Stop Date - June 2019 All scheduling information represents WW Project Complete Total Project Time - 18 months Total Project Time - 18 months a good faith estimate and is subject to change. - --------- FOR IMMEDIATE RELEASE DENTON Brian Daskam • (940) 349-7567 • Brian.Daskam@cityofdenton.com Holiday Operating Hours and Closings City offices closed Dec. 25-26 DENTON,TX,Dec. 15,2017-City of Denton offices will be closed on Monday Dec. 25 and Tuesday, Dec. 26 in observance of Christmas and Monday, January 1 in observance of New Year. Libraries All three library branches will be closed Sunday, Dec. 24 and will reopen on Wednesday, Dec. 27. All branches will be closed Sunday, Dec. 31 and will reopen on Tuesday, Jan. 2. Parks and Recreation • Denia Rec Center: closing at 3 p.m. on Saturday, Dec. 23 and reopening Wednesday, Dec. 27; closing Dec. 31-Jan. 1 and resuming regular business hours on Tuesday, Jan. 2 • MLK Jr. Rec Center: closing at 3 p.m. on Saturday, Dec. 23 and reopening Tuesday, Dec. 26; closing Dec. 31-Jan. 1 and resuming regular business hours on Tuesday, Jan. 2 • North Lakes Rec Center: closing at 3 p.m. on Saturday, Dec. 23 and reopening Tuesday, Dec. 26 from 8 a.m. to 10 p.m.; closing Dec. 31-Jan. 1 and resuming regular business hours on Tuesday, Jan. 2 • Denton Natatorium: closing Sunday, Dec. 24 and reopening Wednesday, Dec. 27; closing Dec. 31-Jan. 1 and resuming regular business hours on Tuesday, Jan. 2 • Denton Civic Center: closing Dec. 25 and resuming regular business hours on Wednesday, Dec. 27; closing Dec. 31-Jan. 1 and resuming regular business hours on Tuesday, Jan. 2 • Denton Senior Center: closing Dec. 25 and resuming regular business hours on Wednesday, Dec. 27; closing Dec. 31-Jan. 1 and resuming regular business hours on Tuesday, Jan. 2 • American Legion Hall: closing Dec. 25 and resuming regular business hours on Wednesday, Dec. 27; closing Dec. 31-Jan. 1 and resuming regular business hours on Tuesday, Jan. 2 • Goldfield Tennis Center: closing Dec. 25 and resuming regular business hours on Wednesday, Dec. 27; closing Dec. 31-Jan. 1 and resuming regular business hours on Tuesday, Jan. 2 • North Lakes Driving Range will be closed Dec. 24-25 and will be open Tuesday, Dec. 26 from 9 a.m. to 9 p.m.; closing early at 6 p.m. on Sunday, Dec. 31 and will be closed on Monday, Jan. 1. Public Safety - --------- FOR IMMEDIATE RELEASE DENTON Brian Daskam • (940) 349-7567 • Brian.Daskam@cityofdenton.com Public safety personnel will be on duty during throughout the holidays. The Denton Police Department can be reached at their non-emergency number which is (940) 349-8181, and in case of an emergency dial 911. Solid Waste and Recycling There will be no curbside collection on Monday, Dec. 25, or Monday, Jan. 1. Collection will be delayed one day during these weeks. The City of Denton Landfill at ECO-W.E.R.C.S will be closed on Monday, Dec. 25 and Monday, Jan. 1. Check www.dcntonrecycles.com for current schedule information. Utilities Customer Service will be closed on Monday, Dec. 25, Tuesday, Dec. 26, and Monday, Jan. 1. To report a utility service emergency, call utilities dispatch at (940) 349-7000. Airport Air traffic control tower services are not affected by the holiday and will remain open from 6 a.m. - 10 p.m. and the airfield will remain open 24 hours per day. On behalf of the City of Denton employees, have a safe and happy holiday. Visit www.cityofdenton.com for more news and get connected at www.dentononline.com. Date: December 15, 2017 Report No. 2017-088 INFORMAL STAFF REPORT TO MAYOR AND CITY COUNCIL SUBJECT: Quarterly Financial Report for the period ending September 30, 2017 BACKGROUND: Attached for your review is the Quarterly Financial Report for the period ending September 30, 2017. If you have any questions or need additional information,please let me know. ATTACHMENTS: Quarterly Financial Report as of September 30, 2017 STAFF CONTACT: Chuck Springer, Director of Finance (940) 349-8260 Charles.Springerkcityofdenton.com 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 September 30, 2017. This report is presented in six 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 an end of year projection 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 provides a summary of the City's investment portfolio, interest earnings and a brief market outlook. 5. The Performance Report provides Key Performance Indicators (KPIs) for each of the goals identified in the City's strategic plan. In addition, the progress on Key Action Steps are highlighted. 6. The G.O. Bond Program Report provides updates of each of the Bond Propositions from the 2012 and 2014 bond elections. 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. C I -- Chuck Springer Director of Finance 215 East McKinney Street Denton, TX 76201 940-349-8260 Section 1 City of Denton Quarterly Financial Report September 2017 Executive Dashboards s t' a p ai W > w P� c �l occ ar v qdy d� v .a �. 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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 City of Denton General Fund Schedule of Revenues-Budget vs Actuals(Unaudited) For the Period Ended September 30,2017 PRIOR ANNUAL PRELIMINARY BUDGET VS REVENUE DESCRIPTION Y-T-D BUDGET ACTUALS ACTUALS Current Year-Ad Valorem $ 39,882,138 $ 42,5069508 $ 43,191,856 2% Delinquent-Ad Valorem 1459600 2779443 192,136 -31% Miscellaneous Penalties&Fees 298,468 3629184 3349007 -8% Ad Valorem Taxes 409326,206 43,1469135 43,7179999 1% Sales Tax 32,6249298 32,835,370 3698419138 12% Franchise-Gas Utilities 561,852 485,262 485,262 0% Franchise-Private Electric Utilities 162,124 138,651 1389651 0% Franchise-Cable 638,316 546,133 5469133 0% Franchise-Telecom 295,640 248,970 2489970 0% Franchise-Denton Municipal Utilities 4,5709917 4,1879833 4,1879833 0% Franchise Fees 6,2289849 5,6069849 5,6069849 0% Other Taxes 366,194 3509474 4819295 37% Ambulance Service Fees 3,596,833 3,470,290 3,676,916 6% Fire Department Fees 173,579 191,427 151,702 -21% Building Inspections Fees 551,137 505,723 505,954 0% Park Department Fees 1,770,435 2,319,956 1,892,754 -18% Planning Department Fees 19138,764 871,440 965,972 11% Reprographics Fees 3549920 4689428 349,048 -25% Miscellaneous Service Fees 113,380 1079573 118,306 10% Service Fees 79699,048 7,9349837 7,660,652 -3% Denton Municipal Fines 1,5879798 1,854,494 19511,112 -19% Parking Fines 296,725 1939650 254,705 32% Miscellaneous Fines and Fees 9469060 1,040,653 8989333 -14% Court Administrative and Service Fees 9379212 1,020,445 9779287 -4% Fines and Fees 3,767,795 4,109,242 3,641,437 -11% Demolition Permits 7,220 9,884 5,890 -40% Building Permits 2,9779064 2,821,470 298979518 3% Certificate of Occupancy 76,010 90,854 74,290 -18% Miscellaneous Licenses and Permits 45,868 429708 47,153 10% Licenses and Permits 3,1069162 299649916 3,0249851 2% Investment Income 2939617 2719541 3719305 37% Miscellaneous Revenues 1,309,498 19311,568 1,601,350 22% Miscellaneous Resources 19603,115 19583,109 1,9729655 25% ROI-Denton Municipal Utilities 790179916 79722,165 7,506,361 -3% Transfers 891579673 890819468 8,0669694 0% Transfers 1591759589 159803,633 15,5739055 -1% Total General Fund Revenues $ 1109897,256 $ 1149334,565 $ 118,519,931 4% City of Denton General Fund Schedule of Expenditures-Budget vs Actuals(Unaudited) For the Period Ended September 30,2017 PRIOR ANNUAL PRELIMINARY BUDGET VS Y-T-D BUDGET ACTUALS ACTUALS NEIGHBORHOOD SERVICES Building Inspections $ 2,805,777 $ 2,971,811 2,858,490 4% Community Improvement Services 1,732,141 19857,104 1,6299488 -12% Libraries 5,694,824 59900,271 5,7319762 -3% Parks and Recreation 12,0719357 139529,169 12,4969423 -8% Planning 2,982,785 39348,526 3,0689236 -8% Gas Well Review 2959456 402,389 1689703 -58% Social Services 5199252 5929458 5679064 4% 26,101,592 289601,728 26,5209166 -7% PUBLIC SAFETY Animal Services 1,4539306 19499,776 1,4079977 -6% Fire 25,6229460 279475,440 26,7989825 -2% Municipal Court 1,347,489 19385,603 1,290,483 -7% Municipal Judge 3679801 436,068 3819877 -12% Police 2795009545 2998569911 29,2419452 -2% 56,291,601 60,653,798 59,1209614 -3% TRANSPORTATION Traffic Operations 1,9519674 2,084,963 1,931,432 -7% Transportation Operations 428,898 491,286 4789853 -3% Street Lighting 721,956 735,000 787,441 7% 3,102,528 3,311,249 3,1979726 -3% ADMINISTRATIVE&COMMUNITY SERVICES Cable Television 305,959 331,111 301,806 -9% City Manager's Office 3,1589762 29926,197 2,6619177 -9% Economic Development 3,0279135 39537,603 3,829,541 8% Facilities Management 3,697,923 49026,387 4,0119320 0% Finance 2,8049174 29881,060 2,811,696 -2% Human Resources 19765,545 19706,585 1,5809740 -7% Internal Audit 529384 175,000 137,540 -21% Legal Administration 2,156,665 29302,138 2,0969888 -9% Public Communications Office 6589295 472,214 457,378 -3% Reprographics 445,765 470,320 425,021 -10% Non-Departmental 6,524,247 7,618,713 8,280,517 9% 24,596,854 26,447,328 26,5939624 1% TOTAL EXPENDITURES $ 110,092,575 $ 119,014,103 115,4329130 -3% City of Denton Electric Fund Schedule of Revenues and Expenditures-Budget vs Actuals(Unaudited) For the Period Ended September 30,2017 PRIOR ANNUAL PRELIMINARY BUDGET VS DESCRIPTION Y-T-D BUDGET ACTUALS ACTUALS Beginning Working Capital and Reserves as of 9/30/16 $ 68,175,554 $ 75,996,851 REVENUES: Operating Revenues $ 166,448,466 176,682,489 171,878,163 -3% Non-operating Revenues 6,441,443 300,000 757,187 152% Total Revenues 172,889,909 176,982,489 172,635,350 -2% EXPENDITURES: Purchased Power 78,026,425 98,369,586 93,060,897 -5% Operation and Maintenance 33,925,073 44,366,611 34,743,582 -22% Return on Investment 4,992,005 5,506,335 5,405,518 -2% Franchise Fee 7,125,480 7,866,192 7,717,675 -2% Non-Operating Expenditures 29,107,011 30,299,596 29,190,204 4% Total Expenditures 153,175,994 186,408,320 170,117,876 -9% Net Income(Loss) $ 19,713,915 (9,425,831) 2,517,474 Ending Working Capital and Reserves $ 58,749,723 $ 78,514,325 'Annual adopted budget as amended or modified. Beginning Fund Balance represents the amount which was estimated in the FY 2016-17 budget process. City of Denton Water Fund Schedule of Revenues and Expenditures-Budget vs Actuals(Unaudited) For the Period Ended September 30,2017 PRIOR ANNUAL PRELIMINARY BUDGET VS DESCRIPTION Y-T-D BUDGET ACTUALS ACTUALS Beginning Working Capital and Reserves as of 09/30/161 $ 25,598,287 $ 24,150,381 REVENUES: Water Sales Residential $ 16,705,733 $ 19,449,831 $ 17,504,928 -10% Water Sales Commercial 15,481,755 17,335,218 15,707,766 -9% Water for Resale 616,588 548,878 1,301,603 137% Other Water 1,183,685 794,235 1,374,788 73% Transfers In 13,016,449 6,507,009 5,476,269 -16% Investment Income 99,325 148,000 223,638 51% Impact Fee Revenue 4,000,000 4,000,000 4,000,000 0% Total Revenues 51,103,535 48,783,171 45,588,992 -7% EXPENDITURES: Personal Service 9,563,805 11,555,215 9,587,107 -17% Purchased Power 1,295,189 1,687,487 1,221,663 -28% Materials and Supplies 1,478,542 1,859,581 1,507,278 -19% Maintenance and Repairs 1,215,538 1,563,468 1,448,707 -7% Insurance 231,299 238,949 80,817 -66% Miscellaneous 321,074 305,115 319,185 5% Operations,Services 1,732,764 2,974,173 1,897,142 -36% CapitalOutlay3 8,704,026 13,258,479 12,906,384 -3% Return on Investment 1,173,001 1,334,486 1,213,302 -9% Franchise Fee 1,675,715 1,882,155 1,733,289 -8% Debt Service 13,447,023 11,535,170 11,195,411 -3% Transfers Out 3,378,672 3,588,413 3,611,755 1% Total Expenditures 44,216,648 51,782,691 46,722,040 -10% Net Income(Loss) $ 6,886,887 (2,999,520) (1,133,048) Ending Working Capital and Reserves $ 22,598,767 $ 23,017,333 1 The Beginning Working Capital balance excludes$5,607,327 of Impact Fee Reserves. 2 Annual adopted budget as amended or modified.Beginning Fund Balance represents the amount which was estimated in the FY 2016-17 budget process. 3 Includes one-time transfer of$3,000,000 to Capital Projects using dollars related to the refunding of the Utility Revenue Bonds in FY 2016 and the release of the related reserve funds. City of Denton Wastewater Fund Schedule of Revenues and Expenditures-Budget vs Actuals(Unaudited) For the Period Ended September 30,2017 PRIOR ANNUAL PRELIMINARY BUDGET VS DESCRIPTION Y-T-D BUDGET' ACTUALS ACTUALS Beginning Working Capital and Reserves as of 09/30/16' $ 18,083,783 $ 18,107,040 REVENUES: Residential Fees $ 10,888,886 $ 11,188,269 $ 11,655,664 4% Commercial Fees 12,000,409 11,592,297 12,207,762 5% Effluent Irrigation Fees 128,609 60,413 103,593 71% Wholesale Fees 625,894 582,400 631,996 9% Other Wastewater Fees 3,103,227 1,757,866 1,894,464 8% Drainage Fees 4,509,969 4,601,201 4,645,817 1% Transfer In 5,309,357 875,819 920,819 5% Investment Income 88,309 119,500 170,898 43% Impact Fee Reserves 2,000,000 3,520,000 3,520,000 0% Total Revenues 38,654,660 34,297,765 35,751,013 4% EXPENDITURES: Personal Service 7,387,387 8,237,275 7,279,661 -12% Purchased Power 1,192,928 946,000 986,920 4% Materials and Supplies 924,844 1,489,447 1,077,202 -28% Maintenance and Repairs 1,219,472 1,534,572 1,182,149 -23% Insurance 247,655 187,676 28,312 -85% Miscellaneous 45,782 52,608 49,129 -7% Operations,Services 1,848,210 2,377,977 1,934,437 -19% CaoitalOutlav3 6,563,561 11,216,031 11,207,727 0% Return on Investment 852,911 881,344 887,541 1% Franchise Fee 1,218,444 1,259,062 1,267,915 1% Debt Service 7,638,539 6,909,931 6,815,945 -1% Transfers Out 3,267,989 3,503,618 3,232,592 -8% Total Expenditures 32,407,722 38,595,541 35,949,530 -7% Net Income(Loss) $ 6,246,938 (4,297,776) (198,517) Ending Working Capital and Reserves $ 13,786,007 S 17,908,523 1 The Beginning Woridng Capital balance excludes$3,285,220 of Impact Fee Reserves,$1,000,000 for Drainage Reserves, and$135,000 for Development Plan Line Reserves. ' Annual adopted budget as amended or modified.Beginning Fund Balance represents the amount which was estimated in the FY 2016-17 budget process. 3 Includes one-time transfer of$4,300,000 to Capital Projects using dollars related to the refunding of the Utility Revenue Bonds in FY 2016 and the release of the related reserve funds. City of Denton Drainage Operations Schedule of Revenues and Expenditures-Budget vs Actuals(Unaudited) For the Period Ended September 30,2017 PRIOR BUDGET PRELIMINARY BUDGET VS DESCRIPTION Y-T-D Y-T-D ACTUALS ACTUALS REVENUES: Residential Drainage Fees $ 1,720,485 $ 1,703,396 $ 1,762,980 3% Nonresidential Drainage Fees 2,789,484 2,897,805 2,882,837 -1% Wastewater Resources - 18,240 13,913 -24% General Fund Transfer 500,555 501,336 501,336 0% Total Revenues 5,010,524 5,120,777 5,161,066 1% EXPENDITURES: Personal Service 1,633,645 1,863,953 1,453,432 -22% Materials and Supplies 59,704 86,946 45,991 -47% Maintenance and Repairs 61,543 148,267 82,066 -45% Insurance 24,078 19,827 2,992 -85% Miscellaneous 15,248 16,000 16,158 1% Operations,Services 480,949 581,854 341,028 -41% Capital Outlay 1,208,061 1,133,594 1,989,444 75% Debt Service 948,470 640,740 636,372 -1% Transfer Out 578,826 629,596 593,583 -6% Total Expenditures 5,010,524 5,120,777 5,161,066 1% Net Income(Loss) $ - $ - $ - City of Denton Solid Waste Fund Schedule of Revenues and Expenditures-Budget vs Actuals(Unaudited) For the Period Ended September 30,2017 PRIOR ANNUAL PRELIMINARY BUDGET VS DESCRIPTION Y-T-D BUDGET ACTUALS ACTUALS Beginning Working Capital and Reserves as of 09/30/161 $ 6,044,618 $ 7,757,121 REVENUES: Garbage Fees-Residential $ 10,544,051 11,121,950 11,173,109 0% Garbage Fees-Commercial 14,173,498 15,436,305 14,884,430 -4% Landfill Fees 5,175,524 6,695,086 6,249,179 -7% Materials Processing and Mining 108,922 968,364 131,253 -86% Recycling and Public Outreach 855,009 851,165 872,049 2% Site Operations 186,744 247,025 208,259 -16% Other Revenue 1,797,730 1,525,980 613,664 -60% Investment Income 19,207 4,500 29,830 563% Total Revenues 32,860,685 36,850,375 34,161,773 -7% EXPENDITURES: Personal Service 9,811,579 11,397,800 10,423,461 -9% Materials and Supplies 540,001 577,277 401,553 -30% Maintenance and Repairs 552,344 615,715 409,889 -33% Insurance 194,245 224,503 94,952 -58% Miscellaneous 63,193 81,750 62,659 -23% Operations,Services 5,976,483 7,832,621 6,123,676 -22% Capital Outlay 2,212,053 3,172,300 1,914,843 -40% Debt Service 7,325,342 8,140,351 8,059,193 -1% Franchise Fee 1,576,873 1,808,587 1,687,618 -7% Landfill Closure 398,073 265,541 1,198,301 351% Transfer Out 2,540,427 2,698,020 2,580,719 -4% Total Expenditures 31,190,613 36,814,465 32,956,864 -10% Net Income(Loss) $ 1,670,072 35,910 1,204,909 Ending Working Capital and Reserves $ 6,080,528 $ 8,962,030 1 The Beginning Working Capital Reserve excludes$7,378,027 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 2016- 17 budget process. 'Landfill Closure expense is greater than budget because a revaluation of the Landfill Closure/Post Closure liability during the year. City of Denton Airport Fund Schedule of Revenues and Expenditures-Budget vs Actuals(Unaudited) For the Period Ended September 30,2017 PRIOR ANNUAL PRELIMINARY BUDGET VS DESCRIPTION Y-T-D BUDGET1 ACTUALS ACTUALS Beginning Working Capital and Reserves as of 09/30/16 $2,449,840 $ 2,482,155 OPERATING REVENUES: Airport Ground Leases $ 449,114 704,000 584,700 -17% FBO Commissions 178,086 240,000 208,931 -13% Miscellaneous 78,564 55,000 95,524 74% Total Operating Revenues 705,764 999,000 889,155 -11% OPERATING EXPENDITURES: Personal Service 633,513 668,509 519,113 -22% Materials and Supplies 41,503 46,725 26,196 -44% Maintenance and Repairs 73,645 82,593 56,987 -31% Insurance 22,358 21,604 7,025 -67% Miscellaneous 1,024 1,200 1,024 -15% Operations 220,814 255,621 190,267 -26% Transfers Out-Operating 455,112 473,114 470,222 -1% Franchise Fee 35,268 - - 0% Total Operating Expenses 1,483,237 1,549,366 1,270,834 -18% Operating(Loss) (777,473) (550,366) (381,679) NON-OPERATING REVENUES: Investment Income 27,980 25,000 42,244 69% Gas Well Royalties 478,310 450,000 606,518 35% Total Non-Operating Revenues 506,290 475,000 648,762 37% NON-OPERATING EXPENDITURES: Debt Service 475,835 - - 0% Transfers Out-Capital 169,835 - - 0% Total Non-Operating Expenses 645,670 - - 0% Non-Operating Income(Loss) (139,380) 475,000 648,762 Net Income(Loss) $ (916,853) (75,366) 267,083 Ending Working Capital $ 2,374,474 $ 2,749,238 Annual adopted budget as amended or modified.Beginning Working Capital and Reserves represents the amount which was estimated in the FY 2016-17 budget process. 1 Airport debt balances were moved to the general government in FY 2016-17 with the related debt service expenditures being paid from the Debt Service Fund. City of Denton Street Improvement Fund Schedule of Expenditures-Budget vs Actuals(Unaudited) For the Period Ended September 30,2017 PRIOR ANNUAL PRELIMINARY BUDGET VS DESCRIPTION Y-T-D BUDGET' ACTUALS ACTUALS Beginning Fund Balance as of 9/30/2016 $ 1,521,965 $ 1,798,625 RESOURCES: Franchise Fees $ 9,412,250 11,608,420 10,673,762 -8% Street Cuts 246,515 350,000 240,099 -31% Intergovernmental 200,794 - Investment Income 20,534 10,000 14,294 43% Transfers In 1,027,435 997,363 1,023,161 3% Miscellaneous - - 76,668 - Total Resources 10,706,734 12,965,783 12,228,778 -6% EXPENDITURES: Personal Service 2,647,046 3,637,896 2,951,195 -19% Materials and Supplies 91,886 82,150 107,616 31% Maintenance and Repairs 5,097,476 7,953,085 8,600,740 8% Insurance 50,417 43,022 8,649 -80% Miscellaneous 4,253 5,000 3,609 -28% Operations,Services 652,287 635,307 748,540 18% Transfer Out 1,752,969 964,323 803,803 -17% Fixed Assets - 96,631 - Total Expenditures 10,296,334 13,320,783 13,320,783 0% Net Income(Loss) $ 410,400 (355,000) (1,092,005) Ending Fund Balance $ 1,166,965 $ 706,620 Annual adopted budget as amended or modified.Beginning Fund Balance represents the amount which was estimated in the FY 2016-17 budget process. City of Denton Grants Schedule of Expenses-Budget vs Preliminary Actuals(Unaudited) For the Period Ended September 30,2017 EXPENDITURES ANNUAL PRELIMINIARY BUDGET VS GRANT DESCRIPTION AS OF 9/30/2016' BUDGET ACTUALS ACTUALS FY 2016-17 Budget US Dept of HUD- Community Development Block Grant(CDBG) $ 2,124,054 $ 1,284,350 $ 651,300 51% US Dept of HUD- HOME Investment Partnership Program 2,485,405 857,710 330,979 39% Community Development 4,609,459 2,142,060 982,279 46% TxDot STEP Comprehensive Grant - 74,560 69,397 93% 2016 Byrne JAG Grant - 25,000 19,398 78% 2015 UASI - 83,000 83,000 100% 2016 UASI - 130,000 - 0% Emergency Management Performance Grant - 46,825 43,956 94% 2015 Tobacco Enforcement Grant - 12,000 7,350 61% Public Safety - 371,385 223,101 60% Summer Food Grant2 - 200,000 - 0% TxDot NW Trail Extension Grant - 1,314,781 999,870 76% Parks and Recreations - 1,514,781 999,870 66% Airport Maintenance(RAMP)Grant - 50,000 50,000 100% Airport West Side Runway Grant - 5,950,000 677,263 11% Airport - 6,000,000 727,263 12% Texas Emission Reduction Plan Rebate Grant - 112,667 112,667 100% CNG Fueling Station#13 - 600,000 - 0% NCTCOG High Speed Grinder - 50,000 50,000 100% NCTCOG Low Speed Grinder - 150,000 150,000 100% NCTCOG 2016 Chevrolet Traverse#2 - 33,000 32,415 98% Solid Waste - 945,667 345,082 36% TxDot US 380 Projects - 155,844 155,844 100% Transportation - 155,844 155,844 100% Interlibrary Loan Program(ILL) - 25,000 20,246 81% Other - 25,000 20,246 81% Total FY 2016-17 Budget 4,609,459 11,154,737 3,453,685 31% New Awards Emergency Solutions Grant - 133,832 117,311 88% Community Development - 133,832 117,311 88% 2015 UASI - 44,672 44,672 100% Federal Equitable Sharing - 23,467 23,467 100% Chapter 59 Asset Forfeitures - 89,566 89,566 100% U.S.Marshals Violent Offenders Task Force - 28,000 28,000 100% PD-Law Enforcement Officer Standards&Education - 12,108 12,108 100% Fire-Law Enforcement Officer Standards&Education - 2,858 2,858 100% Public Safety - 200,671 200,671 100% NCTCOG High Speed Grinder 81,694 81,694 100% NCTCOG Regional HHW Drop-Off Facility Project - 162,000 155,796 96% Solid Waste - 243,694 237,490 97% City of Denton Grants Schedule of Expenses-Budget vs Preliminary Actuals(Unaudited) For the Period Ended September 30,2017 EXPENDITURES ANNUAL PRELIMINIARY BUDGET VS GRANT DESCRIPTION AS OF 9/30/2016' BUDGET ACTUALS ACTUALS County-Traffic Signal-US 380-Cindy Lane - 250,000 218,296 87% NT Blvd Bridge Enhancement-35E - 303,914 303,914 100% TxDot-IH35E at Loop 288/Lillian Miller Pkwy - 53,865 - 0% TxDot-RTR-McKinney(Formerly FM426)4 - 18,267,303 138 0% TxDot-Hickory Creek - 2,400,000 2,294 0% TxDot-N TX Blvd Roundabout - 2,000,000 11,805 1% TxDot-RTR-Mayhill Rd-H135 E to US 380 11,438,659 33,897,794 2,765,024 8% TxDot-RTR-Bonnie Brae Rd-IH35 E to US 377 6,428,246 39,723,105 2,266,263 6% TxDot-RTR-ITS COMM Trunk Line 225,305 1,346,295 28,067 2% Transportation 18,092,210 98,242,276 5,595,801 6% Farmers Market Grant 57,831 15,059 15,059 100% THTMAS-Confined Space Training Tuition - 750 750 100% TIFMAS-Rope Rescue I Training Tuition - 750 750 100% TIFMAS-Rope Rescue H Training Tuition - 1,125 1,125 100% TIFMAS-Strategy Tactics Training Tuition - 1,000 1,000 100% TIFMAS-Vehicle Rescue Tech Training Tuition - 2,345 2,345 100% TIFMAS-Swift Water Rescue Training Tuition - 1,920 1,920 100% National Urban Search&Rescue Response System - 437,829 437,829 100% Ambulance Services-Uncompensated Care Cost - 958,281 958,281 100% TEMAT-Hurricane Harvey 134,237 134,237 100% Other 57,831 1,553,296 1,553,296 100% Total New Awards 18,150,041 100,373,769 7,704,569 8% TOTALS $ 22,759,500 $ 111,528,506 $ 11,158,254 10% 1 A portion of the grants presented cover multiple years. 2 The City has decided to let a non-profit operate the Summer Food Program. 3 The City has decided to withdraw from constructing a Public CNG fueling facility,and the first reimbursement in the amount of $201,367.87 from TCEQ was returned on September 14,2017. 4 Advance Funding received in April 2017. Section 3 City of Denton Quarterly Financial Report September 2017 REVENUE & ECONOMIC ANALYSIS 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. FirstSouthwest AssetManagement National Economic Trends A Hilltop Holdings Company. Period Ending September 30, 2017 Gross Domestic Product(GDP) The third quarter GDP (subject to revision) grew Gross Domestic Product at a surprisingly solid +3.0% annualized rate, Quarterly Annualized Percentage Change above the +2.6% median forecast and just below 60 the +3.1% Q2 reading. It was the best back-to- Historical Avg 3.2% 50 back quarterly performance in three years. Consumer spending, the primary engine of U.S. a o GDP growth, slowed from +3.3% to +2.4%, but 30 other lessor components combined to make up the 2,0 difference.Most analysts had expected a hurricane slowdown in the third quarter followed by higher '° growth in subsequent periods. Although the 00 slowdown wasn't apparent last quarter, future 10 rebuilding should still provide a nice boost to the economy in the coming months. GDPArow was 2 0 tracking early Q4 growth at +2.7% on October d � $ 250i The latest Bloomberg economist survey i) Q Q indicates average annual GDP growth of between +2.0% and +2.4% for the next five quarters. Sour<n Rwaau of Fcorwnnc Analysis RforxnF rg There's upside potential to all of these forecasts. Nonfarm Payrolls Business payrolls fell by -33k in September, the Unemployment Rate(Lek Hand Scale) Change in NomFarm Payrolls(Right Hand Scale) first outright decline in 84 months. As expected, 9.0 _ - 350 the Bureau of Labor Statistics reported that"many e ni 8.5 249 employees in the areas affected by the hurricanes 216 �3� 207 210 250 were likely off payrolls during the reference 8.0 155 ; 1E9 period." The September year-over-year earnings zs i24 '�t33 t50 growth rate increased from +2.5% to +2.9%, 70 50 equaling an eight-year high. Although this sharp 50 rise suggests labor market tightness is creating ss wage pressure, the cause was primarily a result of 6.0 _ _ ° o ° 9 m 9 so low-earning restaurant and bar workers not being m M M able to report for work during the survey period. 5.5 -150 On the household side, the total labor force grew 5.0 49 4.9 4.9 49 48 4 8 a by +575k while a stunning +906k found work. as 46 4,5 4A 43 44 43 44 -250 Unlike in the company survey, the BLS cited"no °2 discernable effect" from the hurricanes in the 4.0 -350 household survey. This surprisingly strong employment growth pushed headline < Ra Rurewi labor�7a t 5 BbomMng unemployment from 4.4% to a 16-year low of 4.2%. Inflation Inflation Indicators (Year-Over-Year Percent Change) Inflation,or the lack of inflation,will continue to be a focus for the Fed as it debates interest rate ao a PCE °° - 3.0 policy going forward. The Fed would like to see 2.5 is inflation grow closer to+2.0%on an annual basis. The consumer price index (CPI) rose +0.5% in 2.0 zo September,while core CPI gained+0.1%.Higher storm-related gasoline prices drove 75% of the large headline change. On a year-over-year basis, overall consumer inflation increased from+1.9% to +2.2%, while core CPI remained anchored at oa 0.5 +1.7% for the fifth straight month. Prices on o,o 0.0 services are driving the modest increase in the core rate, while prices on goods are actually -to -as falling. The -1.0% year-over-year drop in goods prices was the steepest in 13+ years. The PCE '° g o a o § m �, a < < 9 '° core slipped further,falling from+1.4%in July to +1.3% in August, extending the downtrend after N W W W W W W W W W V V V V V V V V V .oan 8— t—SlalN, 11— Ee—A,*—IM--u peaking at+1.9%in Jan&Feb. Retail Sales Retail Sales%Change Retail sales rose +1.6% in September, the 70 �RelaiSalesMOM(lMRanEScakl 7° biggest advance since March 2015.However,the —Reltl Sales Y.O Y Inge Nand Sralel gain was storm-related with oversized increases 6.0 e.0 in(replacement)vehicles,building materials and 5.0 5.0 gasoline station sales. There are few signs that underlying spending patterns have improved a.0 a.o despite consumer confidence measures near a 3.0 3.0 16 year high. After falling all summer, auto sales rocketed to a 12-year high in September. z.° z.o An estimated one million vehicles were 1-0 t_0 reportedly destroyed by Hurricanes Harvey and me o.o o.o Irma,so some of the sales surge can be attributed jig to replacement activity. Pricing discounts and 4.0 incentives offered by manufacturers in an effort -2.0 -z.o to reduce bloated auto inventories earlier in the f a v v month were also a driver of sales. Any A A N N N N N N m W Z " significant future tax cut could boost short-term soe�e „s R,n� spending as confidence finally translates into discretionary purchases. Texas Home Sales TexaslDen,on cry Home Sales(NSA) Texas home sales fell by—6.1% from the second s;o 2= to the third quarter, and slipped by -0.3% on a US KO year-over-year basis.The year-over-year decline 300 was the first since 2009. It isn't clear whether the n r. t j"t� '°o drop was related more to Hurricane Harvey or 250 14 persistently lean home inventories. The average ns 1 — j Texas home price in September was $271.5k, a zoo 1 +4.8%increase over the previous year,but down 1000 from the high of $286.8k just three months ,25 r VI j 1 1 V II °� earlier. In Denton County during the third ,00 JI quarter, unit home sales rose +1.5% over the —TX4..S" W same period a year ago.The average home price H-sso �R in September was $326.9k, a +4.8% year-over- z5. year increase,but down from the high of$351.9k oo� G ; u ; ; �� three months ago. Total Denton county listings in September were 3,294, roughly 20% higher io w w u a a in N m m •� � than a year ago. The paper was prepared by FirstSouthwest Asset Management,is intended for educational and informational purposes only and does not constitute legal or investment advice,nor is it an offer or a solicitation of an offer to buy or sell any investment or other specific product.Information provided in this paper was obtained from sources that are believed to be reliable;however,it is not guaranteed to be correct,complete,or current,and is not intended to imply or establish standards of care applicable to any attorney or advisor in any particular circumstances.The statements within constitute the views of FirstSouthwest Asset Management as of the date of the report and may differ from the views of other divisions/departments of Hilltop Securities.In addition,the views are subject to change without notice.This paper represents historical information only and is not an indication of future performance. Fuel Prices I Outlook I Cautious 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 2.6%increase from the prior quarter at the national level and a 3.3%increase at the state level. Staff has rated this outlook as Cautious. Fuel Prices �JSales Tax —Texas Fuel Prices —US Fuel Prices $4.00 $10 $3.50 $9 $8 $3.00 $7 $2.50 $6 N N c $2.00 $5 2 G $1.50 $4 $3 $1.00 $2 $0.50 $1 $0.00 $0 4Q'13 2Q'14 4Q'14 2Q'15 4Q'15 2Q'16 4Q'16 2Q'17 4Q'17 Source: U.S. Department of Energy 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 4th Quarter of 2017 shows an increase of 1.8% over the prior quarter and an increase of 7.8% over the 4th Quarter of 2016. Staff has rated this indicator as Negative. Municipal Cost Index 246.00 244.00 242.00 240.00 238.00 236.00 234.00 232.00 230.00 228.00 226.00 4Q'15 1Q'16 2Q'16 3Q'16 4Q'16 1Q'17 2Q'17 3Q'17 4Q'17 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. 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 accomodations; motels; a tourist home, house or court; lodginghouse; inn; roominghouse; 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 4th Quarter of FY 2017 was 4% more than budget and 7% prior year's actual. The FY 2017 revenue includes an incoming transfer of $150,000 from a canceled capital project approved in a prior fiscal year. Staff has rated the outlook for this economic indicator as Positive. 4th Quarter FY 2016-17 Actual Y-T-D Occupancy Tax Revenue: $ 634,856 $ 2,547,213 FY 2016-17 Budget $ 609,991 $ 2,324,214 Over(Under)Budget $ 24,865 $ 222,999 FISCAL YEAR FORECAST Hotel Occupancy Tax Budget: $ 2,324,214 End of Year Projection: $ 2,474,214 End of Year Actual: $ 2,547,213 Variance-Actual to Budget $ 222,999 Variance-Actual to Projection $ 72,999 Hotel Occupancy Tax Collections $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $0 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr ■FY 2011-12 ■FY 2012-13 ■FY 2013-14 ■FY 2014-15 ■FY 2015-16 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 4th Quarter of FY 2017 compared to revenues from the prior year 4th Quarter shows a 12.93% increase, and compared to the budget shows a 12.20% increase.Staff has rated this indicator as Positive. rRevenue:Gross Sales Tax Municipal Operations $ 605,108 $ 1,884,628 General Retail&Others 9,608,301 36,369,503 Comptroller Fees (188,567) (713,633) Amount Retained (184,796) (699,360) Total Revenue $ 9,840,046 $ 36,841,138 *Expenses:Economic Incentives Denton Crossing' $ 126,912 $ 538,220 Unicorn Lake 19,548 74,447 Rayzor Ranch 308,662 1,202,007 Golden Triangle 43,363 155,389 Emw--penses� Net Total 9,341,561 3 � FY 2016-17 Budget 8,141,686 F 30,734,173 Over(Under)Budget $ 1,199,875 r 4,136,902 Sales Tax Budget: $ 32,835,370 Year End Projection: 36,027,994 Year End Actual: 36,841,138 Variance to Original Budget: $ 4,005,768 Variance to Year End Projection: $ 813,144 Economic Development Expenditure Budget: $ 2,101,197 Year End Projection: 2,088,005 Year End Actual: 1,922,014 Variance to Original Budget: $ 179,183 Variance to Year End Projection: $ 165,991 Gross Sales Tax Collections (Millions) $10.0 $9.0 $8.0 $7.0 _ $6.0 $5.0 $4.0 $3.0 $2.0 $1.0 $0.0 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr ■FY 2012-13 Actual IN FY 2013-14 Actual ■FY 2014-15 Actual ■FY 2015-16 Actual o FY 2016-17 Actual *Economic Incentive actuals are through August 2015 with budget amount for September. 'Incentive is 33%of sales taxes.For 2016-17 sales tax equaled$1,630,970. 2Incentive is 33%of sales taxes.For 2016-17 sales tax equaled$225,597. 3Incentive is 50%of sales taxes.For 2016-17 sales tax equaled$2,404,014. °Incentive is 50%of sales taxes.For 2016-17 sales tax equaled$310,778. Certificates of Occupancy I Outlook I Positive Description: Certificates of Occupancy (CO) are permits issued in compliance with the 2009 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, 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 increased 7.9% from the prior quarter and increased 13.6% from the 4t"Quarter of 2016. Staff has rated the outlook for this revenue indicator as Positive. Certificates of Occupancy 80.0 70.0 60.0 50.0 40.0 30.0 20.0 10.0 0.0 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q '12 '13 '13 '13 '13 '14 '14 '14 '14 '15 '15 '15 '15 '16 '16 '16 '16 '17 '17 '17 '17 Source:City of Denton's Development Services Department. 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 57.1% from the prior quarter and increased 37.6% from the 4th Quarter of 2016. Staff has rated the outlook for this revenue indicator as Positive Residential Permits 250.0 200.0 150.0 100.0 50.0 0.0 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q '12 '13 '13 '13 '13 '14 '14 '14 '14 '1S '15 '1S '1S '16 '16 '16 '16 '17 '17 '17 '17 Source:City of Denton's Development Services Department. Texas Leading Indicators Index I Outlook I Cautious 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 .9% from the prior quarter and increased 2.98%from the 4th Quarter of 2016. Staff has rated this indicator as Cautious Texas Leading Indicators Index 140.0 135.0 130.0 125.0 120.0 115.0 110.0 105.0 100.0 3Q 1Q 3Q 1Q 3Q 1Q 3Q 1Q 3Q 1Q 3Q 1Q 3Q 1Q 3Q 1Q 3Q 1Q 3Q 1Q 3Q '07 '08 '08 '09 '09 '10 '10 '11 '11 '12 '12 '13 '13 '14 '14 '15 '15 '16 '16 '17 117 Source: Federal Reserve Bank of Dallas 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 3.2% for the 4`" Quarter. The unemployment rates for most of the other reported sectors were either down or flat from the prior quarter. As a result of the downward trend since the high of the 1st Quarter of 2011, staff has rated the outlook for this revenue indicator as Positive. Unemployment Rate Index 18.0 16.0 14.0 12.0 10.0 8.0 6.0 4.0 2.0 4Q'11 2Q'12 4Q'12 2Q'13 4Q'13 2Q'14 4Q'14 2Q'15 4Q'15 2Q'16 4Q'16 2Q'17 4Q'17 oDallas-Plano-Irving MD _JDenton —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. i City of Denton Seal Section 4 City of Denton Quarterly Financial Report September 2017 INVESTMENT REPORT CITY OF DENT. QUARTERLY we INVESTMENT POOL Policy Par Market Book Unrealized Max. Benchmark :Portfolio: I. Value Value Value Gain/(Loss)' WAM WAM YTM Yield* _____________________________________________________________________________________________________________________________________________________� Investment Pool j$ 707,614,071 $ 706,581,905 $ 707,643,535 $ (1,061,630j 382 550 1.25% *Twelve month moving average of a one year : U.S.T-bill yield of Total Par Market Book Unrealized Portfolio Policy :Securities By Investment Type: I Value Value Value Gaini(Loss)' WAM YTM (Book Value) Max. ------------------------------ 1 :U.S.Treasuries 54,000,000 54,005,424 54,062,054 (56,630) 241 1.11% 7.64% 1IS0.YR :U.S.Federal Agencies 1 352,756,000 351,938,910 352,831,583 (892,673) 526 1.22% 49.86% 100.00% Municipal Bonds 1 22,800,000 22,733,295 22,841,978 (108,683) 334 1.09% 3.23% 15.00% :Certificates of Deposit 151,000,000 151,000,000 151,000,000 - 398 1.50% 21.34% 35.00% :Commercial Paper i 40,000,000 39,846,205 39,849,849 (3,644) 98 1.33% 5.63% 15.00% :Local Government Investment Pools 59,924,172 59,924,172 59,924,172 - 1 1.04% 8.47% 50.00% Insured Cash Sweep Savings Deposits 25,000,000 25,000,000 25,000,000 - 1 1.10% 3.53% - :Demand Deposits 2,133,899 2,133,899 2,133,899 1 0.60% 0.30% :Total Portfolio $ 707,614,071 $ 706,581,905 $ 707,643,535 $ (1,061,630) 382 1.25% 100.00% - Unrealized gain/(loss)is the difference between the market and book value and does not represent an actual gain or loss. Gains and losses are: :realized only when a security is sold prior to maturity. Since it is the City's practice to hold investments until they mature,the temporary gains and: :losses are unlikely to be realized. Current 3 Months Ago 3 Month 1 Year Ago 1 Year Ago :Investment Pool Comparisons: : 9I30I2017 6I30I2017 Difference 9I302016 Difference ____ ____ IParValue 1 $__7_ $ 7 0 (70,238,929) $ 539,155,268 $ 168,458,803 Market Value ;$ 706,581,905 $ 776,842,268 $ (70,260,363) $ 539,975,092 $ 166,606,813 Book Value :$ 707,643,535 $ 777,932,815 $ (70,289,280) $ 539,713,329 $ 167,930,206 :Unrealized Gain(Loss) ;$ (1,061,630) $ (1,090,547) $ 28,917 $ 261,763 $ (1,323,393) :Weighted Average Maturity 382 359 23 339 43 Yield to Maturity 1.25% 1.16% 0.09% 0.90% 0.35% :Portfolio Composition: :U.S.Treasuries 7.64% 6.96% 0.68% 5.36% 2.28% :U.S.Federal Agencies 49.86% 44.61% 5.25% 39.91% 9.95% :Municipal Bonds 3.23% 4.11% -0.88% 6.55% -3.32% Certificates of Deposit 21.34% 18.74% 2.60% 30.02% -8.68% :Commercial Paper 5.63% 8.97% -3.34% 4.62% 1.01% Local Government Investment Pools 8.47% 16.39% -7.92% 12.91% -4.44% :Insured Cash Sweep Savings Deposits 3.53% 0.00% 3.53% 0.00% 3.53% :Demand Deposits 0.30% 0.22% 0.08% 0.63% -0.33% I Bank Collateral Review**: : Institution Collateral Type Market Value Collected Balance Pledge Required Collateral Ratio I ___________________________________________________________________________________________________________________________. :Wells Fargo Demand Deposits I BNY Mellon U.S.Agency MBS $ 35,611,658 $ 1,805,586 >102% 1972.30% I LegacyTexas Bank Certificates of Deposit*** :Fed Home Loan Bank Standby LOC $ 65,220,000 $ 62,765,771 >100% 103.91 Independent Bank Certificates of Deposit ;Fed Home Loan Bank Standby LOC $ 32,600,000 $ 30,542,667 >100% 106.74% **Does not include FDIC insurance ***Formedy,ViewPoint Bank Depository Ledger Balance Review: Institution Account Type Beginning Bal. Deposits Withdrawals Ending Bal. ---------------------------------------------------------------------------------------------------------------------------------- : Wells Fargo Bank Checking $ 3,164,674 $ 98,160,345 $ (99,191,120) $ 2,133,899 i______________________________________________________________________________________________________________________________________________________r :Compliance Statement&Review: :The Quarterly Investment Report is in full compliance with the objectives,restrictions,and strategies as set forth in the City of Denton's Investment: :Policy and the Public Funds Investment Act(Texas Government Code,Chapter 2256.023). ---------------------------------------------------------------------------------------------------------------------------- ANTONIO PUENTE,JR. CAROLINE FINLEY Reviewer:Antonio Puente,Jr.,CGFO Preparer:Caroline Finley Assistant Director of Finance Treasury Administrator CHUCK SPRINGER BRYAN LANGLEY Reviewer: Chuck Springer,CGFO Reviewer:Bryan Langley,CGFO Director of Finance Deputy City Manager/COO CITY OF DENTON : QUARTERLY INVESTMENT REPORT INVESTMENT POOL Current 3 Months Ago 3 Month 1 Year Ago 1 Year 9130/2017 6/3012017 Difference 9130/2016 Difference I I •--------------------------------------------------------------- ---------------------------------------- ;Par Value-U.S.Treasuries $ 54,000,000 $ 54,000,000 $ - $ 29,000,000 $ 25,000,000 !Par Value-U.S.Federal Agencies 352,756,000 347,000,000 5,756,000 215,000,000 137,756,000 Par Value-Municipal Bonds 22,800,000 31,860,000 (9,060,000) 35,060,000 (12,260,000) !Certificates of Deposit 151,000,000 145,756,500 5,243,500 162,000,000 (11,000,000) Par Value-Commercial Paper 40,000,000 70,000,000 (30,000,000) 25,000,000 15,000,000 !Local Government Investment Pools 1 59,924,172 127,524,172 (67,600,000) 69,700,000 (9,775,828) Insured Cash Sweep Savings Deposits 1 25,000,000 - 25,000,000 - 25,000,000 Demand Deposits 1 2,133,899 1,712,328 421,571 3,395,268 (1,261,369) !Total Par Value I $ 707,614,071 $ 777,853,000 $ (70,238,929) $ 539,155,268 $ 168,458,803 ;Market Value-U.S.Treasuries $ 54,005,424 $ 54,066,642 $ (61,218) $ 29,070,259 $ 24,935,165 Market Value-U.S.Federal Agencies 351,938,910 346,204,860 5,734,050 215,494,931 136,443,979 Market Value-Municipal Bonds 1 22,733,295 31,808,347 (9,076,052) 36,382,959 (12,649,664) !Certificates of Deposit 1 151,000,000 145,756,500 6,243,500 162,000,000 (11,000,000) j Market Value-Commercial Paper 1 39,846,205 69,769,419 (29,923,214) 24,931,675 14,914,530 !Local Government Investment Pools 1 59,924,172 127,524,172 (67,600,000) 69,700,000 (9,775,828) Insured Cash Sweep Savings Deposits 1 25,000,000 - 25,000,000 - 25,000,000 Demand Deposits 1 2,133,899 1,712,328 421,571 3,395,268 (1,261,369) !Total Market Value I $ 706,581,905 $ 776,842,268 $ (70,260,363) $ 539,975,092 $ 166,606,813 ;Book Value-U.S.Treasuries $ 54,062,054 $ 54,135,449 $ (73,395) $ 28,951,676 $ 25,110,378 !Book Value-U.S.Federal Agencies 352,831,583 347,074,851 5,756,732 215,376,940 137,454,643 !Book Value-Municipal Bonds 1 22,841,978 31,945,426 (9,103,448) 35,375,374 (12,533,396) ;Certificates of Deposit 1 151,000,000 145,766,500 6,243,500 162,000,000 (11,000,000) !Book Value-Commercial Paper 1 39,849,849 69,784,089 (29,934,240) 24,914,071 14,935,778 !Local Government Investment Pools 1 59,924,172 127,524,172 (67,600,000) 69,700,000 (9,775,828) Insured Cash Sweep Savings Deposits 25,000,000 - 25,000,000 - 25,000,000 :Demand Deposits 2,133,899 1,712,328 421,571 3,395,268 (1,261,369) :Total Book Value $ 707,643,535 $ 777,932,815 $ (70,289,280) $ 539,713,329 $ 167,930,206 :Accrued Interest $ 3,052,951 $ 3,368,342 $ (315,391) $ 2,505,147 $ 547,804 ;Cash Value- $ 709,634,856 $ 780,210,610 $ (70,575,754) $ 542,480,239 $ 167,154,617 :(Total Market Value+Accrued Interest) :Unrealized Gain/(Loss) $ (1,061,630) $ (1,090,547) $ 28,917 $ 261,763 $ (1,323,393) :Change in Fair Value since 9130116- $ (1,586,781) $ (1,624,078) $ 37,297 $ (1,257,756) $ (329,025) (GASB 31) ;Strategy Statement: IThe investment pool is an aggregation of the majority of City funds which may include tax receipts,enterprise fund revenues,fine and feel ,income, as well as some, but not necessarily all bond proceeds, grants,gifts and endowments. This portfolio is maintained to meet; ;anticipated daily cash needs for the Citys operations,capital projects and debt service. In order to meet these obligations and to minimize; ;potential liquidation losses,the dollar-weighted stated average maturity of the investment pool shall not exceed 1.5 years or 550 days. The; ;objectives of this portfolio are to: (1)ensure safety of principal by investing in only high quality securities for which a strong secondary market; ;exists;(2)ensure that anticipated cash Flow needs are matched with adequate investment liquidity;(3)limit market and credit risk through; ;diversification;and(4)attain the best feasible yield,commensurate with the objectives and restrictions set forth in the Investment Policy,by; actively managing the portfolio to meet or exceed the twelve month moving average yield of a one year U.S.Treasury bill as derived from the; :Federal Reserve Statistical Release HAS for constant maturities. F------------------------------------------------------------------------------------------------------------------------ CITY OF DENTON : QUARTERLY INVESTMENT REPORT I INVESTMENT POOL Current 3 Months Ago 1 Year Ago ;Summary By Security Type: 9I30I2017 6/30/2017 9/30/2016 : ____________________________________ ____________________________________- ; U.S.Treasuries-Coupon $ 54,062,054 $ 54,135,449 $ 28,951,676 U.S.Federal Agencies-Coupon 322,073,977 326,075,506 200,377,114 U.S.Federal Agencies-Callable 30,757,606 20,999,345 14,999,826 Municipal Bonds-Coupon 22,841,978 31,945,426 35,375,374 Certificates of Deposit-CDARS 59,000,000 38,756,500 58,000,000 Certificates of Deposit-Collateralized - - 9,000,000 Certificates of Deposit-SLOC 92,000,000 107,000,000 95,000,000 :Commercial Paper-Discount 39,849,849 69,784,089 24,914,071 :Local Government Investment Pools 59,924,172 127,524,172 69,700,000 ;Insured Cash Sweep Savings Deposits 25,000,000 - - I Demand Deposits 2,133,899 1,712,328 3,395,268 ;Total Book Value $ 707,643,535 $ 777,932,815 $ 539,713,329 Current 9/30/2017 ■U.S.Federal Agencies- Coupon 45.51% ■U.S.Federal Agencies- Callable 4.35% ■ Municipal Bonds- Coupon 3.23% ■ U.S.Treasuries- ■ Certificates of Coupon Deposit-CDARS 7.64% 8.34% ■Demand Deposits 0.30% ■Insured Cash Sweep ■ Savings Deposits Certificates of 3.53% Deposit-SLOC ■Local Government ■Commercial Paper- 13.00% Investment Pools Discount 8.47%° 5.63% _____________________;____________________________________________________________________________;_________; ;Objective: :The portfolio is restricted to U.S.Treasuries and agency securities(maturing in less than five years);state and locally issued Texas municipal bonds: :rated AA or better(maturing in less than three years);insured,collateralized,or standby letter of credit backed certificates of deposit(maturing in less: ;than three years);collateralized repurchase agreements(maturing in less than thirty days);commercial paper rated A-1/P-1 or better(maturing in less: :than 270 days);and local government pools&SEC registered government money market mutual funds(weighted average maturity of less than 60: :days). ---------------------------------------------------------------------------------------------------------------------------- Current 3 Months Ago 1 Year Ago ;Summary By Security Type: 017_ 9__________________________________________________________________________-3/2016 -____------ -------_-_-_-- :U.S.Treasuries-Coupon 7.64% 6.96% 5.36% U.S.Federal Agencies-Coupon 45.51% 41.92% 37.13% U.S.Federal Agencies-Callable 4.35% 2.70% 2.78% Municipal Bonds-Coupon 3.23% 4.11% 6.55% Certificates of Deposit-CDARS 8.34% 4.98% 10.75% Certificates of Deposit-Collateralized 0.00% 0.00% 1.67% :Certificates of Deposit-SLOC 13.00% 13.75% 17.60% Commercial Paper-Discount 5.63% 8.97% 4.62% Local Government Investment Pools 8.47% 16.39% 12.91% Insured Cash Sweep Savings Deposits 3.53% 0.00% 0.00% Demand Deposits 0.30% 0.22% 0.63% :Total 100.00% 100.00% 100.00% CITY OF ! • QUARTERLY INVESTMENTPOOL Current 3 Months Ago 1 Year Ago SummaryBy Issuer: --_-_-9/30/2017 59 -- 000,00 -------------------------- ------------------------ 1 CDARS CDs $ , 0 $ 38,756,500 $ 58,000,000 COMERICA BANK CDs - - 9,000,0D0 1 LEGACYTEXAS BANK CDs" 1 62,000,000 77,000,000 62,D00,000 :INDEPENDENT BANK CDs I 1 30,000,000 30,000,000 33.000,000 :U.S.TREASURY 54,062,054 54,135,449 28.951,676 :FFCB 84,030,979 78,026,414 36,994,683 :FHLB 130,125,419 145,072,491 73.036,503 :FHLMC 52,934,154 43,052,167 53,248,546 ;FNMA 85,741,031 80,923,779 52.097,208 :DALLAS,TX WTR&SW R REV BDS 1 10,000,000 10,000,000 10,000,000 :TEXAS A&M UNIV REV BDS 1 4,500,000 9,500,000 9.514,690 :W ILLIAMSON COUNTY,TX GEN DEG BDS - - 1,629,498 :LUBBOCK,TX GO REFUNDING BDS 3,301,573 3,302,629 3.305,799 ;UNIVERSITY OF HOUSTON,TX REV BDS 5,040,405 5,067,543 5,148,956 MCKINNEV,TX GENERAL OBG BONDS - 1,184,434 1.211,640 TEXAS SCHOOL DIST GEN OBG BONDS 1 - 2,890,820 4,564,791 UP MORGAN SECURITIES LLC 1 24,870,611 14.893,352 24.914,071 :TOYOTA MOTOR CREDIT CORP 1 4,990,263 16,966,273 - IGE CAPITAL TREASURY LLC I - 17.977,050 - INESTLE FINANCE INTL LTD 1 9,988,975 14,950,275 - :AMERICAN HONDA FINANCE I - 4.997,139 - iTEXSTAR I 1 59,924,172 127,524,172 69,700,000 I INSURED CASH SWEEP SAVINGS 125,000,000 -::WELLS FARGO DEMAND DEPOSITS 12,133,899 1,712,328 3,395,268 :Total Book Value I $ 707,643,535 $ 777,932,815 $ 539,713,329 Current 9/30/2017 ■INSURED CASH SWEEP SAVINGS, ■WE DEMAND DEPOSITS,0.30% 3.53% ■CDARS CDs,8.34% ■TEXSTAR,8.47% ■NESTLE FINANCE INTL LTD,1.41% ■TOYOTA MOTOR CREDIT CORP, 0.71% ■LEGACYTEXAS BANK CDs,8.76% ■1P MORGAN SECURITIES LLC, 3.51% ■UNIVERSITY OF HOUSTON,TX REV BDS, ' ■INDEPENDENT BANK CDs,4.24% ■LUBBOCK,TX GO REFUNDING BDS,,0.47 0.47% ■TEXAS A&M UNIV REV BDS,0.64% ■DALLAS,TX WTR&SWR REV BDS, 1.41% ■U.S.TREASURY,7.64% ■FNMA,12.12% ■FFCB,11.87% ■FHLMC,7.48% •FHLB,18.39% :Objects- ;It Is the policy of the City to diversify its investment portfolioby restricting investments In a single Issuerllnstitutbn to no more than 35 percent of the poMdlo's total book value and to those offering: repurchase agreements,collateralized CDs(Including standby letters of credit),and kcal or state of Texas municipal securities to no greater than 15 percent.The purpose of this requirement is to III market and credit risk.Commercial paper issuers are further restricted by a 5 percent total portfolio limitation.There are no Issuer limitations on U.S.Treasuries or FDIC insured products except as they: pertain to the overall 35%cerliftale,of deposit and 15%savings deposit restrictions.Some investment types may be further limited. ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Current 3 Months Ago 1 Year Ago ::Summary By Issuer: CDARS CDs1 8.34% 4.98% 10.75 1 COMERICA BANK CDs 0.00% 0.00% 1.67% LEGACYTEXAS BANK CDs' 1 8.76% 9.90% 11.49% (INDEPENDENT BANK CDs 4.24% 3.86% 6.11% U.B.TREASURY 7.64% 6.96% 5.36% :FFCB 11.87% 10.03% 6.85% :FHLB 1 18.39% 18.65% 13.53% :FHLMC 1 7.48% 5.54% 9.87 :FNMA 1 12.12% 10.40% 9.65% DALLAS,TX W TR&SW R REV BOB1 1.41% 1.29% 1.85 (TEXAS ABM UNIV REV BDS 0.64% 1.22% 1.76% W ILLIAMSON COUNTY,TX GEN OBG BDS 1 0.00% 0.00% 0.30 :LUBBOCK,TX GO REFUNDING BDS 1 0.47% 0.42% 0.61 :UNIVERSITY OF HOUSTON,TX REV BDS 0.71% 0.65% 0.96 MCKINNEV,TX GENERAL OBG BONDS 0.00% 0.15% 0.23% :TEXAS SCHOOL DIST GEN OBG BONDS 0.00% 0.37% 0.85% :JP MORGAN SECURITIES LLC 3.51% 1.92% 4.62 :TOYOTA MOTOR CREDIT CORP 0.71% 2.18% 0.00 :GE CAPITAL TREASURY LLC 0.00% 2.31% 0.00% NESTLE FINANCE INTL LTD 1,41% 1,92% 0.00 :AMERICAN HONDA FINANCE 0.00% 0.64% 0.00% :TEXSTAR 8,47% 16,39% 12,91% :INSURED CASH SWEEP SAVINGS 3.53% 0.00% 0.00% WELLS ELLS FARGO DEMAND DEPOSITS 1 0.30% 0.22% 0,63% (Total 1 100.00% 100.00% 100.00% 1'Formorly,ViewPoint Bank CITY OF • QUARTERLY INVESTMENT REPORT INVESTMENT POOL Current 3 Months Ago 1 Year Ago Maturity Time Frame: 1 9/30/2017 6/30/2017 9/30/2016 I ------------------------------------------------------------------------------------------------------------- 100-03 Months I $ 136,058,071 $ 226,053,000 $ 123,095,268 103-06 Months 1 115,300,000 44,000,000 96,200,000 106-12 Months 1 137,500,000 174,800,000 81,060,000 112-24 Months 1 200,000,000 223,000,000 190,800,000 124 Months&Over 1 118,756,000 110,000,000 48,000,000 !Total Par Value $ 707,614,071 $ 777,853,000 $ 539,155,268 $850,000,000 $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 Months Ago 1 Year Ago ■00-06 Months ■06-12 Months ■12-24 Months 024 Months&Over ! :------------------------------------------------------------------------------------------------------------------------------------------------- !Objective: :The risk of market price volatility is minimized through maturity diversification. Investment maturities are staggered to provide cash flows! (based on the anticipated needs of the City.Liquidity is achieved by matching investment maturities with forecasted cash disbursements! :and by investing in securities with active secondary markets. Short-term local government investment pools and government money! (market mutual funds help to provide daily liquidity and may be utilized as a competitive alternative to other fixed income investments. 1 l---------------------------------------------------------------------------------------------------------------------------------------------------- Current 3 Months Ago 1 Year Ago !Maturity Time Frame: 9/30/2017 6/30/2017 9/30/2016 ----- -------------------------------- ----------------------------------- ------ : 100-03 Months 19.23% 29.06% 22.83 103-06 Months 16.30% 5.66% 17.84 106-12 Months 19.43% 22.47% 15.03 112-24 Months 28.26% 28.67% 35.39 124 Months&Over 16.78% 14.14% 8.91 !Total 100.00% 100.00% 100.00 CITY OF rREPORT 41h Fiscal Quarter 2017-September 30,2017 ECONOMIC SUMMARY Interest Rate History :Source: U.S.Federal Reserve Statistical I : F------------------------------------------------rr-----------------------------------------------r-----------------------------------------------i I Release(H.15) i Fiscal Year 2011-2012 i Fiscal Year 2012-2013 i Fiscal Year 2013-2014 1 Dec-11 Mar-12 Jun-12 Sep-12 1 Dec-12 Mar-13 Jun-13 Sep-13 1 Dec-13 Mar-14 Jun-14 Sep-14 1 l Market Sector: I Av vg v , Av A v , Av A vA A__ - - A_q_ - - A-q_ !Fed Funds(effective) 1 0.07% 0.13% 0.16% 0.14%: 0.16% 0.14% 0.09% 0.08%1 0.09% 0.08% 0.10% 0.09%1 13-Month U.S.T-Bill 1 0.01% 0.08% 0.09% 0.11%1 0.07% 0.09% 0.05% 0.02%1 0.07% 0.05% 0.04% 0.02%1 12-Year U.S.T-Note 1 0.26% 0.34% 0.29% 0.26%1 0.26% 0.26% 0.33% 0.40%1 0.34% 0.40% 0.45% 0.57%1 !Portfolio Benchmark* 1 0.18% 0.15% 0.15% 0.16%1 0.18% 0.18% 0.16% 0.15%1 0.13% 0.13% 0.12% 0.12%1 l Portfolio Yield 0.59% 0.58% 0.56% 0.55%1 0.52% 0.50% 0.48% 0.49%: 0.50% 0.49% 0.49% 0.51%1 :"""""""""----- """"""""' """"""'----------------------------------�"""""""""""""""""""""""'" """""""""""""""""""""""'Y-----------------------------------__-_____---r__-------------________________----------------� Fiscal Year 2014-2015 Fiscal Year 2015-2016 Fiscal Year 2016.2017 1 Dec-14 Mar-15 Jun-15 Sep-15 ! Dec-15 Mar-16 Jun-16 Sep-16 1 Dec-16 Mar-17 Jun-17 Sep-17 1 !Market Sector: `---Avg--------Av9-------Avg-------Av9---i---Ag Avg-------------------------------AYg---I------a------------Avg Avg-----------------Avg---J !Fed Funds(effective) 1 0.12% 0.11% 0.13% 014%i 0.24% 0.36% 0.38% 0.40%i 0.54% 0.79% 1.04% 115%1 13-Month U.S.T-Bill 1 0.03% 0.03% 0.02% 0.02%1 0.23% 0.30% 0.27% 0.29%1 0.51% 0.75% 1.00% 1.05%! 12-Year U.S.T-Note 0.64% 0.64% 0.69% 0.71%! 0.98% 0.88% 0.73% 0.77%! 1.20% 1.31% 1.34% 1.38%! !Portfolio Benchmark* 0.12% 0.15% 0.18% 0.24%1 0.32% 0.41% 0.49% 0.54%1 0.61% 0.69% 0.83% 1.00%1 , I i , !Portfolio Yield I 0.55% 0.57% 0.57% 0.65%I 0.72% 0.79% 0.81% 0.90%: 0.95% 1.07% 1.16% F----------------------------------------------y ------------------------------------- y ------ ------- ---------- i 1*Twelve month moving average of a one year! !U.S.T-bill yield 1.50% FY 2011-12 FY 2012-13 FY 2013-14 FY 2014-15 FY 2015-16 FY 2016-17 1.00% 0.50% 0.00 Dec-Mar-Jun-Sep-Dec-Mar-Jun-Sep-Dec-Mar-Jun-Sep-Dec-Mar-Jun-Sep-Dec-Mar-Jun-Sep-Dec-Mar-Jun-Sep- 17 17 17 _Fed Funds -3-Month T-Bill t2-Year T-Note Portfolio Yield Portfolio Benchmark* : `----------------------------------------------------------------------------------------------------------------------------------------------- Fiscal Year to Date Earnings : '----- -------------------------------------- -- --------- Oct-Dec Oct-Mar Oct-Jun Oct-Sep : ----------------------- ----------------------- ------------------- ------ - -- ------- :Fiscal Year: 3 Months 6 Months 9 Months 12 Months T----------------------- ----------------- *- l2016-2017 $ 1,175,753; : $ 2,763,136 $ 4,734,3t5 $ 6,999,226 :2015-2016 ! $ 849,368! ! $ 1,771,205! ! $ 2,743,856! ! $ 3,961,971 1 :2014-2015 ! $ 613,879! ! $ 1,228,059! ! $ 1,874,847! ! $ 2,695,211 1 :2013-2014 ! $ 568,825! ! $ 1,121,491 ! ! $ 1,680,154! ! $ 2,298,785 1 :2012-2013 1 $ 612,750! ! $ 1,177,337! ! $ 1,703,496! ! $ 2,276,341 1 :2011-2012 1 $ 621,194! ! $ 1,239,869! ! $ 1,862,207! ! $ 2,511,585 1 QUARTERLY COMMENTARY September 30,2017 : F--------------------------------------------------------------------------------------------------------------------------------------------------I Source: First Southwest Asset Management;The third calendar quarter was marked by increased tensions with North Korea, a plethora of costly natural disasters, and; : Economic Summary&TexSTAR Monthly !festering fiscal policy uncertainty.As anticipated,there was no annoucned rate hike from the Septermber Federal Open Market! Newsletter !Committee(FOMC)meeting;however,FED Chair Yellen reterated the probability of a 25 basis point increase in the overnight) !funds rate in December with the possibility of three more in 2018.Committee members also revealed a late October start date for :reduction of its$4.5 trillion bond portfollio. After the meeting,interest rates increased sharply across the curve while stocks: !remained resilient. According to the Bloomberg economist survey dated October 10,2017 the median growth forecast for third! !quarter real GDP is 2.1%,followed by 2.3%,2.6%and 2.4%for the next three quarters. ao ao ao m m m n 0 ao 0 ao 0 m m m N o m v 00 0 00 0 0 m m oN N 0 0N N o n 0 m m a o N 'C m O O O O O O O O O O O O O O 0 0 0 O O O O O O O O O O O O O 0 0 O �? 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Section 5 City of Denton Quarterly Financial Report September 2017 PERFORMANCE REPORT Strategic Plan The City of Denton uses a Strategic Plan as a roadmap to achieve long-term goals and objectives that capture the City's Vision, Mission, and Value statements. The first Strategic Plan was formally approved by the City Council in April 2011, and it has been updated periodically since that time.Over the past year, the City has partnered with the Bloomberg What Works Cities initiative to refine our strategic outcomes and identify measurable ways to mark our progress. The City Council approved the FY 2016-17 Strategic Plan and associated performance measures on September 20, 2016. The Strategic Plan serves as the basis for resource allocation decisions that are used in the development of the FY 2016-17 Budget. The Strategic Plan is organized into five Key Focus Areas (KFAs) and major goals associated with each KFA are also identified below. Key Focus Area 1:Organizational Excellence Goal 1.1 Manage financial resources in a responsible manner. Goal 1.2 Develop a high-performance work force. Goal 1.3 Promote effective internal and external communication. Goal 1.4 Achieve high level of customer satisfaction. Goal 1.5 Utilize technology to enhance efficiency and productivity. Goal 1.6 Collaborate with local,regional,state,and federal partners. Key Focus Area 2:Public Infrastructure Goal 2.1 Optimize resources to improve quality of City roadways. Goal 2.2 Seek solutions to mobility demands and enhance connectivity. Goal 2.3 Promote superior utility services and facilities. Goal 2.4 Manage drainage infrastructure. Goal 2.5 Develop Capital Improvement Program(CIP)based on community needs. Key Focus Area 3:Economic Development Goal 3.1 Develop targeted policies and incentives to achieve desired economic growth. Goal 3.2 Make Denton a destination for visitors. Goal 3.3 Promote a business-friendly environment. Goal 3.4 Encourage development,redevelopment,recruitment,and retention. Key Focus Area 4:Safe Liveable and Family Friendly Community Goal 4.1 Enhance public safety in the community. Goal 4.2 Seek clean and healthy neighborhoods in Denton. Goal 4.3 Provide quality,diverse,and accessible neighborhood services for the community. Goal 4.4 Provide and support outstanding leisure,cultural,and educational opportunities. Goal 4.5 Provide support to citizens in need through social service agencies and programs. Key Focus Area 5:Sustainable&Environmental Stewardship Goal 5.1 Manage Denton's water resources. Goal 5.2 Improve air quality and greenhouse gas management. Goal 5.3 Improve energy efficiency and conservation. Goal 5.4 Manage land use and preserve open/natural spaces. Goal 5.5 Provide alternative modes of transportation. Goal 5.6 Promote sustainable materials resource management. Goal 5.7 Encourage local food production. Strategic Plan The matrix below organizes the Key Focus Areas (KFAs) by select service areas in the organization. While every department has some level of responsibility for each KFA,the matrix is intended to only highlight the primary departments responsible for each KFA. 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U -n S..•' w Q pj� 5 7. r OU "d p p p U U tc IUI 0 p blO W u 4-4 bA OU p A. O N U aN.+ �cC C O N B M -� N U _ .4= N N U b-0 a�i ^ w0 0 U A, A" 5 U vN nI �4 n^ O " U R 7� a> r m � p G N 'x00 N r" N N U W LL O W p I� C4 U V y C O O u u O o H U N (U O � w v o n o u U Date: December 15,2017 Report No. 2017-089 INFORMAL STAFF REPORT TO MAYOR AND CITY COUNCIL SUBJECT: Street Lighting along US Highway 380 EXECUTIVE SUMMARY: Engineering Services has conducted a high level cost analysis for the addition of LED street lighting along US Highway 380 in order to improve driver and pedestrian safety. BACKGROUND: In recent months, both council and various citizens have expressed concern regarding the lack of street lighting along US Highway 380 and how this negatively impacts the safety of both drivers and pedestrians. At the request of the Assistant City Manager, Engineering Services conducted an analysis to determine the cost to install street lights along the corridor. While conducting the analysis, the department reached out to various stakeholders, including TxDOT and Denton Municipal Electric, to gather the information needed to estimate a high level cost. US Highway 380 is a primary arterial road that runs east to west through the city. The corridor consists of an urbanized section from I-35 to Loop 288 that has both commercial and residential areas. The corridor also has less urban sections from Loop 288 to the eastern city limit and from I-35 to the western city limit. The urbanized section from I-35 to Loop 288 has a larger need for the addition of street lighting than the less urban sections because of the larger amount of traffic flow. Within the urbanized section from I-35 to Loop 288, there are 5 segments that are of highest priority for the addition of street lights due to their location. The first segment is from I-35 to Bonnie Brae because this is where the Razor Ranch shopping center is located. This area has a very high volume of traffic flow and very little lighting. The second segment is from Bonnie Brae to Ector. This area is also largely commercial with a high volume of traffic flow and currently has no lighting. The third segment is from North Elm to Ruddell St. This section of US 380 is located directly in front of Texas Women's University, has a large volume of pedestrian activity and traffic flow, and does not have street lights currently. The fourth section, from Ruddell to Nottingham, runs through a residential area. The fifth segment, from Nottingham to 288, is a mixture of residential and commercial areas and has very few lights. There are two segments within I-35 to Loop 288 segment (Ector to Malone and Malone to N Elm) that currently have some streetlights throughout but will need an evaluation to ensure they are adequate. Although the less urbanized sections from Loop 288 eastward and 1-35 westward are a lower priority due to less traffic flow, the need for lighting will increase as population growth moves into those areas and they become more urbanized. Because of this, they are included in the cost analysis below as part of option 2. Date: December 15,2017 Report No. 2017-089 DISCUSSION: The City currently uses high pressure sodium (HPS) fixtures for its street lights. However, many cities are moving toward light-emitting diode (LED) fixtures due to lower maintenance and electricity costs. The lighting market is moving toward LED fixtures as well and HPS fixtures are becoming harder to find and purchase. Because of this, the following analysis is based on the cost to install LED fixtures along the corridor. The City of Fort Worth is currently conducting a pilot program for LED street lights on various roads throughout their City. Engineering Services met with the Fort Worth traffic engineers in order to obtain their pilot program data on LED material and maintenance costs. Lancaster Road, a Fort Worth corridor similar to US380, was used as an example to determine preliminary pole placement and spacing in the following analysis. The various costs presented below are based on 200 ft. pole spacing, light poles located on both sides of the road, and the LED material and maintenance costs collected from the City of Ft. Worth. COST ANALYSIS: The following high level cost analysis provides a range of costs for the addition of LED street lights along US380. The options include the cost to light up the entire urbanized portion from I- 35 to Loop 288 and the cost to add lighting to the entire US 380 corridor from City limit to City limit(both the urbanized and less urbanized sections). Options (In Order of Priority) 1. Cost to install LED lighting from I-35 to Loop 288 (4.97 miles in length) a. Material/Install: $2,019,107 b. Electricity/Maintenance: $59,170.08/year 2. Cost to install LED lighting from City limit to City limit(12.83 miles long) a. Material/Install: $5,635,137 b. Electricity/Maintenance: $154,248.72/year CONCLUSION: Engineering Services is seeking direction from Council on continuing to explore the addition of lighting to the US 380 corridor. The recommended first step is to engage a consultant to conduct a feasibility and photometric study, which will determine the current lighting levels on the corridor. The study would provide options on the layout of the light fixtures based on current conditions and determine more refined project cost estimates. If the City Council concurs in moving the project forward then the staff would begin negotiating with a consultant on a price (estimated at $75,000) and timing to conduct the study. The consultant could get started on the project in late February-early March 2018. The results of the study would then be brought forward for the City Council discussion and review in June 2018. Date: December 15,2017 Report No. 2017-089 ATTACHMENT(S): 1. Supplemental Cost Analysis STAFF CONTACT: Kathryn Welch, Engineering Services 940-349-8989 Kathryn.W elchgcityofdenton.com Cost to Install LED Lighting on US HW 380 (200 ft. spacing; Lights on Both Sides of Road) The following analysis shows US HW 380 divided into 14 segments from city limit to city limit and the associated cost to add LED lights to each segment.The purpose of breaking the corridor into segments is to show how much it costs to light up US Highway 380 in small sections in order to help identify the City's priority areas. Segment Map from 135 to Loop 288: =Staff Recommended Priority Areas G Giaenhy9 North Texas Q Fair and Rodeo p•=a Sam's Club Rayzor Ranch -Bonnie Brae to Ector: _ Movie Tavern Q KrogerO © Marketplace 0 Install:$142,073 a�.nzrrm L Elect/Maint:$4,290.96/year s m University Village 9 c W University Dr qh p_p renter Q H ; versR y Malone to N Elm: 135 to Bonnie Brae: m E.T.,,,, 1 Q Install:$381,353 Install:$299,100 v y Newton Rayzor Elect/Maint:$11,517.84/year Elementary School Elect/Maint:$9,033.60/year = s., e orossr �ob.da 3 m° ~,.. . Ector to Malone: Install:$119,640 I)-ton High School Elect/Maint:$3,613.44/year _ i ori m z z _ �p eninrwom v, Z "O o 0 Z $ ®Denton Bible Church M"e� Z � nqH rw.ss ma's •c co Ruddell to Nottingham: MM9 P" _ �UnNefe:rf 3t QwkTnp r e s�CQ Install:$261,713 38B ad Nottingham to 288: Elect/Maint;$7,904,40/year 0m9° Install:$471,263 L y o � Elect/Maint:$12,421.20/year mz X P am/ Sv.: 6 N Elm to Ruddell• n Install:$343,965 Elect/Maint:$10,388.64/year °u Texas Woman's _ w'rnen University -Total Cost to install lights between 135 to Bonnie Brae = $2,019,107; Elect/Maint= $59,170.08/year Segment Map from Loop 288 to East City Limit (Rockhill Rd.): pd H^`q r'+mran ad Southwlre Company V Texas 38C Q E tlniverslW Dr Safety-Kleen Systems = Discount Tires&Wheels Q C? Q F 0 Racehn, Geesling to N Trinity: Install:$441,173 288 to Geesling Rd: Elect/Maint:$13,324.56/year = Install:$396,308 Elect/Maint:$11,969.52/year E E a4 0� Old Irish Bed&Breakfast Q -Weddin _ �' g/Event. t� Riverside to Rockhill: ate Install:$764,858 Elect/Maint:$16,486.32/year Tex; I1 RV F tlniversty N Trinity to Riverside: Install:$149,550 Fish Trap Park Elect/Maint:$4,516.80/year Segment Map from 135 to West City Limit (Nail Road): r lJ 'N I:. r-qq C]r 35 to Masch Branch: Install:$538,380 Elect/Maint:$16,260.48/year Animal Medical Center 0 The Parker House 0 Haunted Attraction W University Dr ?�i 3 W University Ur o� Masch Branch to Parker House: Install:$456,128 Elect/Maint:$13,776.24/year tVOr76 Hlr*ory C,%, 4 Best Value RV Sales&service Parker House to Nail Rd: Install:$869,633 G Elect/Maint:$18,744.72/year Animal M i Nirlr,,r � \J The Parker House Haunted Attraction W University n u Material/Installation Cost The following table shows the cost breakdown for material and installation of one pole and light fixture. The City of Denton uses a standard pole for the majority of its streetlights. These poles can be placed along the segments of US 380 that have a curb. Based on TxDOT requirements, segments of the corridor without a curb must use a breakaway pole (if hit, the pole breaks so as not to cause serious injury to people in the car). These breakaway poles cost more than the City's standard poles. LED Standard Pole (curbed areas) LED Non-Standard Pole (non-curbed areas) Total =$7,477.50 Total =$10,477.50 • Standard Pole: $900 • Non-Standard Pole: $1,280 • Light Fixture: $270 • Light Fixture: $270 • Other Misc. Mat.: $275 • Other Misc. Mat.: $395 • Installation: $3,540 • Installation: $5,040 • Contingency: $2,492.50 • Contingency: $3,492.50 *Contingency: Design, ROW/Acquisition, etc. Electricity/Maintenance Costs The following is the cost breakdown for maintenance and electricity supply per pole per month. The maintenance cost is based on the data provided from City of Ft. Worth's pilot LED program. The electricity cost is based on the assumption that each light pole is using electricity 12 hours per day. LED Lights: Electricity/Maintenance Costs Maintenance $16.67/pole/month* Electricity $2.15/pole/month** Total $18.82/pole/month *Data provided from Fort Worth **Electricity Rate Used: 3.92 cents/kwh Date: December 15,2017 Report No. 2017-090 INFORMAL STAFF REPORT TO MAYOR AND CITY COUNCIL SUBJECT: Overview of Federal and State Regulation of Unmanned Aircraft Systems BACKGROUND: This report is intended to provide an overview of the current level of federal and state regulation of unmanned aircraft systems ("UAS"). A UAS, sometimes called a drone, is an aircraft without a human pilot onboard—instead the UAS is controlled from an operator on the ground. Due to falling costs of UAS technology, operating a drone is now an activity being undertaken by people of all ages and vocations for both personal and professional reasons. DISCUSSION: Federal Oversight Current federal regulation, referred to as the Small UAS Rule (under 14 CFR part 107), applies to operators flying a small UAS for recreational or commercial purposes. The following chart, from the FAA website, outlines the regulations for small UAS by purpose. Please note that operators may apply for a certificate of waiver, which allows for a small UAS operation to deviate from certain operating rules if the FAA finds that the proposed operation can be performed safely. Fly for Fun Fly for Work Pilot No pilot requirements Must have Remote Pilot Airman Certificate Requirements Must be 16 years old Must pass TSA vetting Aircraft Unless exclusively operated in compliance Must be less than 55 lbs. Requirements with Section 336 of Public Law 112-95 Must be registered if over 0.55 lbs. (online) (Special Rule for Model Aircraft),the Must undergo pre-flight check to ensure UAS aircraft must be registered if over 0.55 lbs. is in condition for safe operation Location 5 miles from airports without prior Class G airspace* Requirements notification to airport and air traffic control Operating Rules Must ALWAYS yield right of way to Must keep the aircraft in sight(visual line-of- manned aircraft sight)* Must keep the aircraft in sight(visual line- Must fly under 400 feet* of-sight) Must fly during the day* UAS must be under 55 lbs. Must fly at or below 100 mph* Must follow community-based safety Must yield right of way to manned aircraft* guidelines Must NOT fly over people* Must notify airport and air traffic Must NOT fly from a moving vehicle* control tower before flying within 5 miles of an airport Example Educational or recreational flying only Flying for commercial use(e.g.providing Applications aerial surveying or photography services) Flying incidental to a business(e.g.doing roof inspections or real estate photography) Date: December 15,2017 Report No. 2017-090 Legal or Public Law 112-95,Section 336—Special Title 14 of the Code of Federal Regulation(14 Regulatory Basis Rule for Model Aircraft CFR)Part 107 FAA Interpretation of the Special Rule for Model Aircraft *These rules are subject to waiver by the FAA. Please note that UAS may not be flown within a 5-mile radius of an airport without first notifying and making contact with the air traffic control tower(see a map in Attachment 1). Due to the location of the Denton Enterprise Airport, this restriction covers a significant portion of the city. Local law enforcement does not have the authority to enforce the FAA regulation; however, officers would attempt to educate operators on the regulation and they can document and forward any complaints to the FAA. Policy development at the federal level is still actively ongoing. The FAA Drone Advisory Committee, predominantly made up of industry representatives, has been formed to provide advice on key UAS integration issues and to craft regulations. In November 2017, the FAA also announced a pilot program in which they will choose five state, local, and tribal governments to work with industry partners to craft laws and regulations, with the idea that the FAA will be able to use the best ideas to develop national policy. Texas State Law Texas is one of the states that has adopted legislation to further regulate the use of UAS beyond federal regulations. The Texas law regulating UAS is referred to as the "Texas Privacy Act" and was first adopted in 2013. Texas legislators intended to protect citizens and property owners from an invasion of their privacy by any UAS operator and outline when law enforcement could use a UAS. In summary, photography by a UAS is not permitted, unless it meets one of the 21 situations outlined in Section 423.002 of the Government Code. A few of those 21 permitted situations are as follows: for university research, by the military, by a satellite for purposes of mapping, on or over private property with the consent of the property owner, for certain law enforcement purposes, on public property, and by a real estate broker as long as there is no identifiable person. The law includes guidelines for criminal and civil punishments: a Class C misdemeanor,which can result in a fine of up to $500, "if the person uses an unmanned aircraft to capture an image of an individual or privately owned real property in this state with the intent to conduct surveillance" or"captures an image in violation of Section 423.003 and possesses, discloses, displays, distributes, or otherwise uses that image". However, this can be difficult to prove as law enforcement would have to retrieve the images or video from the UAS and operator. In addition, it is a defense from prosecution if a person destroyed the image as soon as the person had knowledge that the image was captured in violation. The civil action section states that"an owner or tenant of privately owned real property located in this state" can bring legal action against a person who captured an image of the property, owner, or tenant. Penalties start at $5,000 for capturing an image; $10,000 for the disclosure, display, distribution, or other use of any images; and recovery of"actual damages" if the drone operator"distributes the image with malice." Date: December 15,2017 Report No. 2017-090 As of September 1, 2017, House Bill 1643 amended the existing act prohibiting political subdivisions, such as counties or municipalities, from regulating the operation of unmanned aircraft. The bill effectively pre-empts local government regulation in Texas, with 3 exceptions to allow for political subdivisions to 1)regulate their use during special events, 2)to regulate their own use of the unmanned aircraft, and 3)regulate flying over critical infrastructure facilities owned by the subdivision. CONCLUSION: Due to the technology advances and rapidly growing industry, the regulatory landscape for UAS operation, both recreational and commercial, is in a state of flux. Texas state law has afforded for further protections and regulations beyond the minimum federal regulations; however, the state law also pre-empts a local government from adopting their own regulations of unmanned aircraft systems. When confronted with a UAS operator who is invading privacy or operating in an unsafe way, a resident should contact the Denton Police Department as soon as possible. ATTACHMENT(S): 1. Map of 5-Mile Radius around Denton Airport STAFF CONTACT: Sarah Kuechler Director of Public Affairs and Intergovernmental Relations (940) 349-8356 sarah.kuechler(a),cityofdenton.com l� � II i �� II ■ �i �111r � L�IF:'■ r.�-1� �■�� III � ■ , I• I• ��'.� _■■�■err ..� 1 ', � �� 4i i : U NMI 01 min NMI a w y '■■■■ • �' � �* moo � p a I II = Revision Date 12/15/17 Council Re uests for Information Request Request Date Staff Responsible Status 1. Information on cost determination for curb rate vs drop- 6/5/17 Cox A consultant for the staffing & off rate at landfill operational analysis will be selected in the next couple weeks, with the goal to complete the analysis by late Feb. An RFP for a cost of service study is being prepared; the project is expected to last a few months into spring 2018. 2. Discussion of development code criteria for width of 6/6/17 Canizares Amendments to Transportation criteria streets manual are in process. Planned to be resented in Jan or Feb. 3. Survey and report of how other municipalities and 7/25/17 Howell A consultant is being hired to conduct school districts fund their School Resource Officers, as an efficiency analysis of the Aquatics well as analysis of calls to school and efficiency Center. 4. Work session on parking requirements in the Code 8/1/17 McDonald A work session is planned for Jan. 2018. 5. Info on landfill SUP requirement and a plan to replace 8/15/17 Cox Update to Council planned for Jan. 23. or minimize trees that will be removed 6. Work session on process for when a use category is not 9/19/17 McDonald/Leal A work session is tentatively planned clearly defined in the DDC (incl. appeals process and for Jan. 2018. communications to surrounding properties) 7. Work session on recycling for commercial and multi- 10/17/17 Cox Per direction of COE, staff is surveying family properties other communities and will report back to the COE. 8. Work session on public restrooms and/or first aid station 10/17/17 Rosendahl A work session is tentatively planned on the Square for January. 9. Work session on the Public Improvement District 11/7/17 Langley/Booth Will be included with a work session ordinance for Econ. Dev. tentatively planned for Jan. 9. 10. Work session on homelessness/tent city research 11/7/17 Kuechler/Shaw A work session is planned for late Jan or early Feb. 11. Update on the tree ordinance and on the tree fund 11/7/17 Langley/McDonald As ISR will be included in the Friday Dec. 22 report. 12. Work session on program to convert aboveground 11/7/17 Langley A work session is tentatively planned electric utilities to underground for Jan. 2018. 13. Review or Update of Park Master Plan 12/5/17 Langley Request Request Date Staff Responsible Status 14. Info on hearing of Denton business cited for violating 12/5/17 Kuechler Working with State Senators office to state rules on storing radioactive waste get more info. ; Nov , . 1 2 3 4 5 6 7 8 9 11:30 Joint Council/Denton 12:00 PMCC Work Session 4 pm Public Art Committee Housing Authority N}eting 6:30 CC Regular Session 1:30 Conm*tee on the Environment Canceled 5:30 Traffic Safety Commission-Canceled 6 p.m Park Board 10 11 12 13 14 15 16 9:00 Public Lblities Board 9:00am Nbbility Committee Canceled 5:30 PNL Historic Landmark 1:00 2nd Tuesday Session 11:00 Economic Development Commission Partnerhsip Board 5:30 pm Airport Advisory Board Nbeting 6:30 M Planning&Zoning Comnssion 17 18 19 20 21 22 23 4:00 PM Zoning Board of 1:00 Special Called Council 4:00pm HaBSCo Ntetting Adjustment feting 24 25 26 27 28 29 30 Christmas Eve Christmas Day City Holiday City Holiday 31 Notes: 12/15/2017 Sunday Monday Tuesday Wednesday Mursday Friday Saturday 1 2 3 4 5 6 No Council Luncheon No Council Meeting 4 p.m. Public Art New Year's Day- Committee City Ho lid a y 7 8 9 10 11 12 13 9:00am Public Utilities 2:00 pm CC Work Bo a rd Se ssio n 6:30 pm CC Regular Se ssio n Park Board 6pm 14 15 16 17 18 19 20 MLKDay - No Council Meeting City Ho lid a y 21 22 23 24 24 25 26 6:00pm Public Utilities 2:00pm 41hTuesday Bo a rd Se ssio n 28 29 30 31 No Council Meeting 12/15/2017 11:18 AM Fe bruary 2018 Sunday Monday Tuesday Wednesday Mursday Friday Saturday 1 2 3 4 p.m. Public Art Committee 4 511:30 am Council 6 7 8 9 10 Luncheon 2:00 pm CC Work 1:30pm Committee on Session the Fnvronment 6:30 pm CC Regular 5:3 0p m Traffic Sa fe ty Se ssio n Commission ParkBoard 6 p m 11 12 13 14 15 16 17 9:00am Pub he Utilities 2:00 pm 2nd Tuesday Bo a rd Se ssio n is 19 20 21 22 23 24 2:00 pm CC Work Se ssio n 6:30pm CC Regular Se ssio n 25 26 27 28 6:00p m Public Utilities 2:00 p m 4th Tue sd a y Bo a rd Se ssio n 12/15/2017 11:18 AM 12/12/17 FUTURE CITY COUNCIL ITEMS Note: This is a working draft of pending Council items and is subject to chap a without notice. Meeting Date Deadlines Item December 19—Work Session— 1:00 p.m. Work Session on Ethics Ordinance December 26—No Meeting Christmas, 12/24-25 1 City offices closed 12/25 & 12/26 January 1 —No Luncheon New Year's Day observed—City Offices closed January 2—No Meeting January 9— Special Called Work/Regular Captions—December 22 WS—Bike Share Session Backup—January 5 WS—PID/Incentive policy discussion WS—DME update on under grounding January 16—No Meeting M. L. King, Jr. Day holiday observed-City offices closed January 23 —4th Tuesday Meeting Captions—January 8 USCM, Washington DC, 1/24-1/26 Backup—January 19 TxDOT projects and impact to mobility in the community. January 27— Saturday—9:00 a.m. Work Session on Ethics Ordinance January 30—No Meeting February 5 —Luncheon Captions—January 22 Backup—February 1 February 6—Work/Regular Session Captions—January 22 WS—Ethics Ordinance Backup—February 2 WS—City Hall Master Plan February 13 —2nd Tuesday Session Captions—January 29 Backup—February 9 February 20—Work/Regular Session Captions—February 5 WS—Ethics Ordinance Backup—February 16 February 27—4th Tuesday Session Captions—February 12 Backup—February 23 March 5 —Luncheon Captions—February 19 Backup—March 1 March 6—Work/Regular Session Captions—February 19 WS—Ethics Ordinance Backup=March 2 March 13 —No Meeting NLC, Washington DC 3/11-3/14 1 Spring Break 3/12-3/16 March 20—Work/Regular Session Captions—March 5 WS—Ethics Ordinance Backup—March 16 March 27—4 th Tuesday Session Captions—March 12 Backup—March 23 April 2—Luncheon Captions—March 19 Backup—March 29 CA-Consent Agenda IC-Individual Consideration WS-Work Session CM-Closed Meeting PH-Public Hearing Meeting Date Deadlines Item April 3 —Work/Regular Session Captions—March 19 Backup—March 30 April 10—2nd Tuesday Session Captions—March 26 Backup—April 6 April 17—Work/Regular Session Captions—April 2 Backup—April 13 April 24—4th Tuesday Session Captions—April 9 Backup—April 20 May 1 —Work/Regular Session Captions—April 16 Backup—April 27 May 7—Luncheon Captions—April 23 Backup—May 3 May 8 —2nd Tuesday Session Captions—April 23 Backup—May 4 May 15 —Election Meeting Captions—April 30 Backup—May 11 Installation of CC Members Only May 22—Work/Regular Session Captions—May 7 Backup—May 18 May 29—No Meeting Memorial Day holiday observed- City Offices closed 5/28 June 4—Luncheon Captions—May 21 Backup—May 31 June 5 —Work/Regular Session Captions—May 21 Backup—June 1 June 12—2nd Tuesday Session Captions—May 25 USCM, Boston, 6/8-6/11 Backup—June 8 June 19—Work/Regular Session Captions—June 4 TCMA, Galveston, 6/21-24 Backup—June 15 June 26—4th Tuesday Session Captions—June 11 Backup—June 22 Jul 2—No Luncheon Jul 3 —No Meeting July 4t holiday observed—City Offices closed July 10—No Meeting July 17—Work/Regular Session Captions—July 2 Backup—July 13 July 24—4th Tuesday Session Captions—July 9 Backup July 20 July 31 No Meeting CA-Consent Agenda IC-Individual Consideration WS-Work Session CM-Closed Meeting PH-Public Hearing Meeting Date Deadlines Item August 2—Budget Workshop Captions—July 16 Backup—July 27 August 6—Luncheon Captions—July 23 Backup—August 2 August 7—Work/Regular Session Captions—July 23 Backup—August 3 August 14—2nd Tuesday Session Captions—July 30 Backup—Au st 10 August 21 —Work/Regular Session Captions—August 6 Backup—August 17 August 28 —4th Tuesday Session Captions—August 13 Backup—August 24 September 3 —No Luncheon Labor Day holiday September 4—No Meeting September 11—Special Called Work/Regular Captions—August 27 Session Backup— September 7 September 18—Work/Regular Session Captions—August 31 Backup— September 14 September 25 —4th Tuesday Session Captions— September 10 Backup— September 21 October 1 —Luncheon Captions— September 17 Backup— September 27 October 2—No Meeting National Night Out October 9—2nd Tuesday Meeting Captions— September 24 TML, Fort Worth, 10/9-10/12 Backup—October 5 October 16—Work/Regular Session Captions—October 1 Backup—October 12 October 23 —4th Tuesday Session Captions—October 8 Backup—October 19 October 30—No Meeting November 5 —Luncheon Captions—October 22 Backup—November 1 November 6—Work/Regular Session Captions—October 22 NLC, Los Angeles, 11/7-11/10 Backup—November 2 November 13 —2nd Tuesday Session Captions—October 29 Backup—November 9 November 20—No Meeting I I Thanksgiving Holiday observed—City Offices Closed 11/22-23 CA-Consent Agenda IC-Individual Consideration WS-Work Session CM-Closed Meeting PH-Public Hearing Meeting Date Deadlines Item November 27 —4th Tuesday Session Captions—November 12 Backup—November 21 Tentative-Based on Need December 3 —Luncheon Captions—November 19 Backup—November 29 December 4—Work/Regular Session Captions—November 19 Backup—November 30 December 11 —2nd Tuesday Session Captions—November 26 Backup—December 7 December 18—Work/Regular Session Captions—December 3 Backup—December 14 Tentative-Based on Need December 25 —No Meeting Christmas Holiday observed City Offices Closed 12/24-25 CA-Consent Agenda IC-Individual Consideration WS-Work Session CM-Closed Meeting PH-Public Hearing Construction Projects Report Starting Dec 18-24, 2017 Road Closures Lane Closures Proposed Proposed Street/Intersection Detour Proposed Date of Brief Description of Construction Contact Department Letters Door N�ssage Public Routes Hangers Boards Acting Construction Completion UPCOMING PROJECTS CCanterbury anterll I 35 still in design tbd Drainage Chad Allen-Eng HollybiDrewHi.Emn-WW; Fulton tbd tbd Water/WW/Streets Casey Bowles-Mt; Dusty Draper-Streets Drew HaEnan-W W; Hettie tbd tbd Water/Waste Water/Streets Casey Bowles-Mt; Dusty Draper-Streets Possiblybundlingw/Wmdsor ifso it DrewHuffimn-WW, Hinide to be bid tbd Casey Bowles-NW, will be VUCR/WW/Streets/Drainage Dusty Dra er-Streets WIR Nhin Construction I N 11/16/17 P Holiday Park Phase 2 yes the the Nhnhattan, Sierra, &Laguna from Casey Bowles -Wlr Y ll n Sherman Lookout no Jan-18 tbd Sidewalk Repair Streets-Roy Windsor to Westward Nhnosa yes Jan-18 Feb 23,2018 Street Reconstruction Streets N Carroll to Bolivar Engineering Project PEC 4-Engineering still in design tbd Installing underground box culvert to Lee Perry-Eng inyrove downtown drama e Water/WW/Streets DrewHaflimn-WW' Sagebrush Jan-18 tbd Casey Bowles-NW, Water is almost complete Dusty Draper-Streets Large Project:Drainage/Streets/ Sinith-Johnson Early Summer tbd Portions of Water and small point work Chad Allen-Eng for WW DrewHuffinan-WW, Thomas tbd tbd Water/WW/Streets Casey Bowles-NW, Dusty Draper-Streets DrewHuffinan-WW, Wayne tbd tbd Water/WW/Streets Casey Bowles-NW, Dusty Draper-Streets P P Westward no Jan-18 Panel Repair Streets Lookout to Southway P os s ibly bundling w/Windsor ifso it DrewFkdhmn-WW; Windsor-Engineering tbd tbd Casey Bowles-NW; will be VVIR/WW/Streets/Drainage Dustv Dra er-Streets RESIDENTIAL CURRENT PROJECTS Street Reconstruction 11/13/17 P Gaelic Ct no Nov27,2017 Jan 12,2018 Glengary Way to Western dead end Streets 11/16/17 P Golden Rod yes Dec 4, 2017 Dec 22,2017 Pane]/SidewalkRepair Streets Cattail to Heron Pond Wastewater N}�in Construction 11/16/17 P Holiday Park Phase 2 yes Nov 10-17 Dec 1,2018 Wastewater Manhattan to Kmgs Row Kings Row no Aug 7,2017 Jan 31,2018 Curb and Gutter/Drive Approaches Engineering )AB Right Ln Wellington and Sherman Lattimore no Oct 9,2017 Feb 5,2018 Street Reconstruction Streets 9/22/17 P Audra to Dead End 11/29/17 P Linden yes Dec 4, 2017 Dec 22,2017 Curb and Gutter Repair Streets Ponder to Bryan 10/16/17 P Londonderry yes Nov 13,2017 Dec 22,2017 Water Nhin Replacement Water Teasley to Westminster Londonderry yes Feb 1,2018 Nhr 1,2018 Drainage Improvements C1arkRosendhal 10/16/17 P Drainage Wastewater Nhin Construction 10/16/17 P Londonderry yes Dec 18,2017 Nhr 15,2018 Wastewater Teasley to Westminster Nhlone yes Dec 18,2017 Jan 8,2018 Water Nhin Construction Water Crescent to Westminster V1O/10/17 Street Reconstruction P P 18-Oct Nbckingbird yes Oct 23,2017 Jan 5,2018 Streets Audra to Newport 10/10/17 P P 18-Oct Nbckingbird yes Oct 23,2017 Feb 20,2018 Street Reconstruction Streets Nbkinneyto Paisley Nbntecito no Dec 27,2017 Jan 26,2018 Sidewalk Repair Streets HazeMood to Mirror Rock Oak Park no Oct 9,2017 Feb 5,2018 Street Reconstruction Streets 9/22/17 Oaktree to Oak Valley 9/22/17 Oaktree no Oct 9,2017 Feb 5,2018 Street Reconstruction Streets Audra to Lattimore Overlook no Oct 2,2017 Jan 19,2018 Sidewalk and Panel Repairs Streets Windsor to Westward Paisley yes Oct 2,2017 Dec 24,2017 Wastewater Main Construction Wastewater Frame to Ruddell Paisley yes Jan 15,2018 the Water Nhin Construction Casey Bowles -Water Frame to Ruddell 11/27/17 Panhandle no Dec 4, 2017 Jan 4, 2018 Null Overlay Streets Bonie Brae to Ector MR Overlay/Curb and Gutter Work 10/26/17 Stanley yes Nov 6,2017 Jan 2,2018 Streets Panhandle to Emery Wellington no Nov 8,2017 Dec 22,2017 Curb and Gutter Repair Streets Stratford to Heather Whispering Oaks no Oct 9,2017 Feb 5,2018 Street Reconstruction Streets 9/22/17 Oak Valley to Oak Park MAJOR ROADS CURRENT PROJECTS Barthold yes Jun 12'2017 Dec 18 2017 Street Construction Engineering 135 Svc Rd Intersection to 700'West 10/10/17 P P Bellemead yes Oct 19,2017 Dec 15,2017 Street Reconstruction Streets Thomas to Emery Bonnie Brae Ju119 Street Widening Engineering Reconstruct Old Central Parking Lot N>LKnney St no Nov 14,2017 Apr 29,2018 Engineering Bolivar to Cedar Nbyhill no Sep-17 Feb 28,2020 Street Widening Project Engineering Riney yes Sep 29,2017 Jul 29,2018 Road Removal and Replacement Engineering N Elm to S olona Street Construction 12/6/17 LRyanRd'M"B L Dec 11,2017 Jan 8,2018 Ak FM1830 to Forrestridge Note: This provides an Estimate of work to be done the next two weeks. Weather,equipment breakdowns,or other unforeseen problems could cause this schedule to change. Drainage 349-7116 / Water Distribution 349-7181 / Wastewater 349-8489 / Traffic 349-7342 / Streets 349-7160,streets@cityofdenton.com Engineering 349-8910,engineering@cityofdenton.com / TXDOT 387-1414,romulo.bahamon@txdot.gov / Denton County 349-3420 COMPLETED PROJECTS Acme yes Dec 4, 2017 Dec 8, 2017 Utility Construction Engineering East side of Ft Worth Dr Street Reconstruction 10/2/17 Bentoaks no Sep 25,2017 Jan 19,2018 Streets Oakhurst to Teasley Bradshaw yes Nov 20,2017 Nov 22,2017 Utility Construction Engineering 9/22/17 E McKinney to Davis Centre Place no Sep 25,2017 Dec 4,2017 Concrete Street Panel Repairs Streets I 35 Service Rd to Alegre Vista dM Emery yes Nov 27,2017 Dec 11,2017 Arty Construction LUity Construction Beffemead to FHcrest Emery yes Nov 27,2017 Dec 21,2017 Utility Construction Utility Construction Ector&S Entrance Aldi Food Center Foxsedge no Oct 9,2017 Dec 5,2017 Panel Repair Streets P Pocknas Page to Sunray Duct Bank Construction 8/29/17 P P P Hickory yes Aug 23,2017 Dec 22,2017 Engineering Bonnie Brae to E of Ave H Duct Bank Construction 8/29/17 P P P fickary yes Sep 8,2017 Dec 22,2017 Engineering Stella to Hickory Nhnor Ct no Sep 25,2017 Jan 19,2018 Street Reconstruction Ir Streets P Oakhurst to Teasley Nhnosa no Oct 2,2017 Dec 8,2017 Residential Fence Repairs Wastewater P Bolivar to N Carroll Nhnosa no Oct 23,2017 Dec 8,2017 Water Line Replacement Water Bolivar to Carroll P Nlilben LTCihty Construction y no Jan 8,2018 Dec 1,2017 Engineering Hickory to Welch Oakhurst no Sep 25,2017 Jan 19,2018 Street Reconstruction Streets Oakhurst to Teasley Spencer yes Dec 2, 2017 Dec 3,2017 Utility Construction Engineering Bridges St to Ntyhill Rd Springtree yes Sep 13, 2017 Nov 15,2017 Water and Seer Line Construction Engineering E NtKnney to Pecan Grove no Oct 30,2017 Dec 1,2017 Utility Construction Engineering Chestnut to Milberry