comprehensive monthly financial report

Comprehensive Monthly Financial Report

January 2021

Town of Flower Mound Comprehensive Monthly Financial Report

ABOUT THIS REPORT

The Financial Services Department is dedicated to excellence in local government, comprehensive fiscal management, compliance, and reporting. The Comprehensive Monthly Financial Report (CMFR) is directed at providing our audience (internal and external users) with a general awareness of the Town’s financial positions and economic activity. This report is comprised of four sections:

1. The Financial Summary reports the performance of the major operating funds of the Town. It provides comparative data for major revenue sources and expenditure items. Narrative disclosures are used to highlight any significant changes or fluctuations.

2. The Economic Analysis section contains a summary of the key economic indicators

and an in-depth review with graphic illustrations.

3. The Investment Reports provide a description of investment activity, a summary of interest earnings, and the Town’s portfolio.

4. Reports of Special Interests include the legal fee report.

We would like to acknowledge those responsible for this report: Caryn Riggs for the Financial Summary, Economic Analysis, and Special Interest Report; and Julie Taylor for the Investment Reports. This CMFR includes January 2021 data. This information is neither final nor audited. Please provide us with any comments or suggestions you may have, and should you desire additional information, feel free to contact my office.

Debra L. Wallace Debra L. Wallace Deputy Town Manager/CFO 2121 Cross Timbers Road Flower Mound, TX 75028 972-874-6020



Table of Contents

Financial Summary Report Notes ................................................................................................................ 2

Financial Statements .................................................................................................... 7

Economic Analysis Current Property Tax .................................................................................................. 13

Franchise Fees ........................................................................................................... 14

Sales Tax ................................................................................................................... 15

Water Sales ................................................................................................................ 16

Sewer Charges .......................................................................................................... 17

Appraisal Roll Comparison ......................................................................................... 18

Permits Statistical Report ........................................................................................... 19

Investment Reports

Compliance Reports ................................................................................................... 21

Special Interests Legal Fee Report ........................................................................................................ 32


Section 1

Town of Flower Mound

Comprehensive Monthly Financial Report

This report is designed for internal use and does not include all the funds and accounts included in the Town of Flower Mound’s operations. For a complete report, refer to the Town of Flower Mound Comprehensive Annual Financial Report, available through the Town’s Financial Services Department.

Financial Summary


REPORT NOTES

January 2021

GENERAL FUND

Revenues Revenues derived from General Fund functions totaled $43,200,187 through January 31, 2021. This represented a decrease of 5.52% from revenues earned in the preceding year. The major contributing factors are an increase of $332,318 in Other Revenue/Transfers In, a decrease of $2,228,653 in Taxes primarily due to the timing of Property tax revenue, a decrease of $275,856 in Licenses, permits and fees, a decrease of $229,028 in Charges for Services and a decrease of $129,492 in Interest Income. Following is a percentage summary of total revenues from each major source of General Fund revenue for fiscal year 2020-2021, to date:

A comparison of General Fund revenues between fiscal years 2020 and 2021 is presented in the following table:

Taxes 91.15%Charges for services 2.20%Licenses, permits and fees 1.60%Fines and forfeits 0.63%Memorials and contributions 0.00%Intergovernmental 1.00%Interest income 0.05%Other revenue/Transfers in 3.37%

100.00%

2021 2020 Amount PercentTaxes 39,377,556$ 41,606,209$ (2,228,653)$ -5.36%Charges for services 952,556 1,181,584 (229,028) -19.38%Licenses, permits and fees 689,568 965,424 (275,856) -28.57%Fines and forfeits 270,016 286,050 (16,034) -5.61%Memorials and contributions - - - 0.00%Intergovernmental 430,514 408,088 22,426 5.50%Interest income 22,282 151,774 (129,492) -85.32%Other revenue/Transfers in 1,457,695 1,125,377 332,318 29.53%Total Revenue 43,200,187$ 45,724,506$ (2,524,319)$ -5.52%

Increase/(Decrease)Fiscal Year-to-Date Over 2020


Report Notes, Continued January 2021

A breakdown of the Tax Revenue reflected in the preceding table is as follows:

Expenditures Expenditures for General Fund purposes were $20,174,503 through January 31, 2021, a decrease of $6,814,431 or 25.25% from the preceding year. The decrease in Non-Departmental Services over the prior year is primarily due to prior year transfers for CIP projects. A more detailed analysis of the changes in the General Fund expenditures is presented in the table listed on the following page.

2021 2020 Amount PercentProperty Taxes (including current, delinquent, and penalty and interest) 36,697,202$ 38,415,544$ (1,718,342)$ -4.47%Sales Tax Collections 2,200,390 2,068,621 131,769 6.37%Liquor Tax 65,469 59,728 5,741 0.00%Franchise Fees 414,495 1,062,316 (647,821) -60.98%Total Tax Revenue 39,377,556$ 41,606,209$ (2,228,653)$ -5.36%




Prior Year Comparison of General Fund Expenditures by Division Through January 31, 2021

Expenditures for General Fund purposes through January 31, 2021, are outlined on a percentage basis as follows:

2021 2020 Amount PercentTown Manager's Office 325,838$ 473,691$ (147,853)$ -31.21%Legislative Services 187,743 187,702 41 0.02%Development Services 667,987 661,634 6,353 0.96%Parks & Recreation Services 2,064,378 2,223,442 (159,064) -7.15%Library Services 554,822 613,803 (58,981) -9.61%Police Services 4,792,271 5,256,408 (464,137) -8.83%Financial Services 1,126,466 1,161,772 (35,306) -3.04%Administrative Services 1,671,653 2,045,555 (373,902) -18.28%Fire & Emergency Services 4,772,263 5,581,797 (809,534) -14.50%Community Relations 223,882 231,520 (7,638) -3.30%Non-Departmental Services 1,634,131 6,027,694 (4,393,563) -72.89%Public Works 1,730,015 2,064,260 (334,245) -16.19%Environmental Services 423,054 459,656 (36,602) -7.96% Total Expenditures 20,174,503$ 26,988,934$ (6,814,431)$ -25.25%


Function TotalTown Manager's Office 1.62%Legislative Services 0.93%Development Services 3.31%Parks & Recreation Services 10.23%Library Services 2.75%Police Services 23.75%Financial Services 5.58%Administrative Services 8.29%Fire & Emergency Services 23.65%Community Relations 1.11%Non-Departmental Services 8.10%Public Works 8.58%Environmental Services 2.10%

100.00%


Report Notes, Continued January 2021 WATER AND SEWER Revenues Operating revenue in the Town’s enterprise fund, the Utility Fund, was $12,359,008 through January 31, 2021, an increase of $863,986 or 7.52% compared to revenues reported for the same time period in the preceding year. There was a 1.83% gain in the number of water customers (increased from 25,015 to 25,472) and water consumption year-to-date (as measured by volume of water purchased from the Dallas Water Utilities and Upper Trinity Regional Water District) increase by 6.25%, from 1,321,177,000 gallons to 1,403,752,000 gallons. Estimated water loss for the past 12-month period was 9.44%. A comparison between 2020 and 2021 is presented below:

The breakdown of the Charges for Services revenue is reflected in the preceding table is as follows:

2021 2020 Amount PercentCharges for services 12,164,484$ 11,227,628$ 936,856$ 8.34%Penalties, fines and forfeits 120,631 130,734 (10,103) -7.73%Interest income 9,754 76,439 (66,685) -87.24%Other revenue 64,139 60,221 3,918 6.51%Total Revenue 12,359,008$ 11,495,022$ 863,986$ 7.52%


2021 2020 Amount PercentWater Sales 8,717,922$ 7,970,964$ 746,958$ 9.37%Sewer Charges 3,324,206 3,147,161 177,045 5.63%Meter and Connect Fees 79,833 68,479 11,354 16.58%Solid Waste Collection 42,523 41,024 1,499 3.65%Total Charges for Services 12,164,484$ 11,227,628$ 936,856$ 8.34%

Increase/(Decrease)Over 2020Fiscal Year-to-Date



Expenditures The Water and Sewer Fund expenditures through January 31, 2021 totaled $14,907,809. This represents an overall increase of $137,513 or 0.93% over the preceding year.

Expenditures for Water and Sewer Fund purposes through January 31, 2021, are outlined on a percentage basis as follows:

Attached are the monthly financial statements for the Town’s major operating funds.

2021 2020 Amount PercentFinancial Services 489,047$ 423,478$ 65,569$ 15.48%Non-Departmental Services 4,724,319 4,612,596 111,723 2.42%Public Works 9,694,443 9,734,222 (39,779) -0.41%Total Expenditures 14,907,809$ 14,770,296$ 137,513$ 0.93%


Function TotalFinancial Services 3.28%Non-Departmental Services 31.69%Public Works 65.03%

100.00%

Percent of Year Expired 33.33%General Fund - 100

PercentPercent Budget Actual YTD

Actual YTD Budget Collected/ (GAAP) 2020-2021 Revenues/ Budget Collected/ Obligated Revenues/

Budget Expenditures Encumbrances Balance Obligated Prior Years ExpendituresREVENUES:Taxes 59,653,239$ 39,377,556$ -$ 20,275,683$ 66.01% 71.41% 39,377,556$ Charges for services 4,446,211 952,556 - 3,493,655 21.42% 25.80% 952,556 Licenses, permits and fees 2,629,375 689,568 - 1,939,807 26.23% 35.86% 689,568 Fines and forfeits 996,690 270,016 - 726,674 27.09% 26.22% 270,016 Memorials and contributions 2,000 - - 2,000 0.00% 0.00% - Intergovernmental 528,825 430,514 - 98,311 81.41% 74.93% 430,514 Interest income 180,000 22,282 - 157,718 12.38% 126.48% 22,282 Transfer in 2,865,960 955,320 - 1,910,640 33.33% 33.33% 955,320 Other revenue 575,400 502,375 - 73,025 87.31% 42.45% 502,375 Total Revenues 71,877,700$ 43,200,187$ -$ 28,677,513$ 60.10% 64.85% 43,200,187$

EXPENDITURES:Town Manager's Office 2,293,568$ 325,838$ 2,593$ 1,965,137$ 14.32% 18.11% 325,838$ Legislative Services 507,083 187,743 (1,918) 321,258 36.65% 36.79% 187,743 Development Services 2,145,116 667,987 30,000 1,447,129 32.54% 30.41% 667,987 Parks & Recreation Services 8,425,408 2,064,378 1,028,542 5,332,488 36.71% 34.06% 2,064,378 Library Services 1,921,013 554,822 - 1,366,191 28.88% 33.72% 554,822 Police Services 15,945,554 4,792,271 57,943 11,095,340 30.42% 32.26% 4,792,271 Financial Services 3,942,567 1,126,466 377,658 2,438,443 38.15% 38.74% 1,126,466 Administrative Services 5,902,154 1,671,653 650,357 3,580,144 39.34% 43.00% 1,671,653 Fire and Emergency Services 15,532,607 4,772,263 325,636 10,434,708 32.82% 35.10% 4,772,263 Community Relations 702,573 223,882 - 478,691 31.87% 32.72% 223,882 Non-Departmental Services 5,160,507 1,634,131 22,960 3,503,416 32.11% 62.52% 1,634,131 Public Works 5,960,469 1,730,015 1,521,040 2,709,414 54.54% 52.81% 1,730,015 Environmental Services 1,516,248 423,054 18,050 1,075,144 29.09% 29.61% 423,054 Total Expenditures 69,954,867$ 20,174,503$ 4,032,861$ 45,747,503$ 34.60% 39.24% 20,174,503$

EXCESS OF REVENUES OVER EXPENDITURES 1,922,833$ 23,025,684$ (4,032,861)$ (17,069,990)$ 23,025,684$

AUDITED FUND BALANCE 10/01/2020 22,608,696$

FUND BALANCE AT 01/31/2021 45,634,380$


Town of Flower MoundFinancial Statement

as of January 31, 2021

Percent of Year Expired 33.33%General Debt Service Fund - 110



Budget Expenditures Encumbrances Balance Obligated Prior Years ExpendituresREVENUES:Taxes 10,229,994$ 9,354,911$ -$ 875,083$ 91.45% 99.10% 9,354,911$ Interest income 25,000 2,996 - 22,004 11.98% 42.55% 2,996 Transfer In 2,914,175 90,767 - 2,823,408 3.11% 33.33% 90,767 Total Revenues 13,169,169$ 9,448,674$ -$ 3,720,495$ 71.75% 82.67% 9,448,674$

EXPENDITURES:General Debt Service 12,309,695$ 1,000,750$ -$ 11,308,945$ 8.13% 0.06% 1,000,750$

Total Expenditures 12,309,695$ 1,000,750$ -$ 11,308,945$ 8.13% 0.06% 1,000,750$

EXCESS OF REVENUES OVER EXPENDITURES 859,474$ 8,447,924$ -$ (7,588,450)$ 8,447,924$

AUDITED FUND BALANCE 10/01/2020 1,612,369$

FUND BALANCE AT 01/31/2021 10,060,293$




Percent of Year Expired 33.33%Utility Fund - 200



Budget Expenditures Encumbrances Balance Obligated Prior Years ExpendituresREVENUES:

Charges for services 49,146,220$ 12,164,484$ -$ 36,981,736$ 24.75% 23.63% 12,164,484$ Penalties, fines and forfeits 330,000 120,631 - 209,369 36.55% 41.50% 120,631 Interest income 200,000 9,754 - 190,246 4.88% 38.22% 9,754 Other revenue 190,000 64,139 - 125,861 33.76% 33.46% 64,139 Total Revenues 49,866,220$ 12,359,008$ -$ 37,507,212$ 24.78% 23.84% 12,359,008$

EXPENDITURES:Financial Services 1,777,228$ 489,047$ 135,016$ 1,153,165$ 35.11% 30.41% 489,047$ Non-Departmental Services 13,921,790 4,724,319 29,643 9,167,828 34.15% 33.99% 4,724,319 Public Works 34,343,354 9,694,443 520,283 24,128,628 29.74% 29.50% 9,694,443

Total Expenditures 50,042,372$ 14,907,809$ 684,942$ 34,449,621$ 31.16% 30.80% 14,907,809$

EXCESS OF REVENUES OVER EXPENDITURES (176,152)$ (2,548,801)$ (684,942)$ 3,057,591$ (2,548,801)$

AUDITED WORKING CAPITAL 10/01/2020 9,821,395$

FUND BALANCE AT 01/31/2021 7,272,594$




Percent of Year Expired 33.33%Stormwater Utility Fund - 230



Budget Expenditures Encumbrances Balance Obligated Prior Years ExpendituresREVENUES:Charges for services 1,750,260$ 510,043$ -$ 1,240,217$ 29.14% 29.75% 510,043$ Penalties, fines and forfeits 10,000 3,772 - 6,228 37.72% 38.71% 3,772 Interest income 8,000 394 - 7,606 4.93% 48.39% 394 Other revenue - 204 - (204) - - 204 Total Revenues 1,768,260$ 514,413$ -$ 1,253,847$ 29.09% 29.93% 514,413$

EXPENDITURES:Public Works 1,705,576$ 756,859$ 31,959$ 916,758$ 46.25% 39.26% 756,859$ Environmental Services 93,370 18,159 - 75,211 19.45% 25.10% 18,159

Total Expenditures 1,798,946$ 775,018$ 31,959$ 991,969$ 44.86% 38.57% 775,018$

EXCESS OF REVENUES OVER EXPENDITURES (30,686)$ (260,605)$ (31,959)$ 261,878$ (260,605)$

AUDITED WORKING CAPITAL 10/01/2020 593,252$

FUND BALANCE AT 01/31/2021 332,647$




Percent of Year Expired 33.33%Health Insurance/Flex-840



Budget Expenditures Encumbrances Balance Obligated Prior Years ExpendituresREVENUES:Charges for services 10,676,000$ 3,168,531$ -$ 7,507,469$ 29.68% 30.46% 3,168,531$ Interest income 30,000 4,264 - 25,736 14.21% 63.24% 4,264 Transfers In - - - - 0.00% 33.33% - Total Revenues 10,706,000$ 3,172,795$ -$ 7,533,205$ 29.64% 30.61% 3,172,795$

EXPENDITURES:Internal Services 10,935,100$ 3,755,084$ 37,500$ 7,142,516$ 34.68% 35.36% 3,755,084$

Total Expenditures 10,935,100$ 3,755,084$ 37,500$ 7,142,516$ 34.68% 35.36% 3,755,084$

EXCESS OF REVENUES OVER EXPENDITURES (229,100)$ (582,289)$ (37,500)$ 390,689$ (582,289)$

AUDITED WORKING CAPITAL 10/01/2020 3,936,528$

FUND BALANCE AT 01/31/2021 3,354,239$




Section 2

Town of Flower MoundComprehensive Monthly Financial Report

This section contains a summary of the key economic indicators by analyzing majorrevenue sources and building permit activity.


Economic Analysis

2020-2021 2020-2021 Variance CY Actual/ 2019-2020 Variance CY Actual/Year Year Actual to CY Projected Year Actual to PY Actual

Budgeted Actual Budget % Variance Actual Prior Year % VarianceOctober 401,964$ 343,841$ (58,123)$ -14.46% 389,194$ (45,353)$ -11.65%November 2,388,150 2,459,966 71,816 3.01% 2,312,283 147,683 6.39%December 21,263,011 20,680,625 (582,386) -2.74% 20,626,095 54,530 0.26%January 15,378,373 13,066,891 (2,311,482) -15.03% 15,005,543 (1,938,652) -12.92%February 3,331,952 - N/A N/A 3,226,102 N/A N/AMarch 195,202 - N/A N/A 189,001 N/A N/AApril 98,329 - N/A N/A 95,205 N/A N/AMay (3,756,696) - N/A N/A (3,637,353) N/A N/AJune 191,564 - N/A N/A 185,478 N/A N/AJuly 87,509 - N/A N/A 84,729 N/A N/AAugust 117,062 - N/A N/A 74,772 N/A N/ASeptember 140,061 - N/A N/A 19,899 N/A N/A

39,836,480$ 36,551,323$ (2,880,175)$ -7.30% 38,570,948$ (1,781,792)$ -4.65%(Total to Date) (Y-T-D Variance) (Y-T-D Variance)

May Budget is negative due to TIRZ#1 transfer


2020-2021 YEAR-TO-DATECurrent Property Tax

$-

$5,000,000

$10,000,000

$15,000,000

$20,000,000

$25,000,000

Property Tax 2019-2020

2020-2021


Budgeted Actual Budget % Variance Actual * Prior Year % VarianceOctober 4,316$ 5,127$ 811$ 18.80% 4,634$ 493$ 10.64%November 34,439 41,234 6,795 19.73% 36,978 4,256 11.51%December 393,798 330,593 (63,205) -16.05% 381,249 (50,656) -13.29%January 663,884 37,541 (626,343) -94.35% 639,455 (601,914) -94.13%February 345,333 - N/A N/A 291,097 N/A N/AMarch 1,110,793 - N/A N/A 1,104,015 N/A N/AApril 516,787 - N/A N/A 499,136 N/A N/AMay 312,807 - N/A N/A 261,222 N/A N/AJune 225,509 - N/A N/A 219,790 N/A N/AJuly 589,243 - N/A N/A 568,344 N/A N/AAugust 280,097 - N/A N/A 230,078 N/A N/ASeptember 1,313,486 - N/A N/A 1,249,828 N/A N/A

5,790,491$ 414,495$ (681,941)$ -62.20% 5,485,826$ (647,821)$ -60.98%(Total to Date) (Y-T-D Variance) (Y-T-D Variance)

*Balances adjusted for accruals


2020-2021 YEAR-TO-DATEFranchise Fees

$-

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

$1,400,000

Franchise Fees 2019-2020

2020-2021


Budgeted Actual Budget % Variance Actual Prior Year % VarianceOctober 3,667$ 3,583$ (84)$ -2.28% 3,461$ 122$ 3.52%November 3,558 3,492 (66) -1.84% 3,358 134 3.99%December 1,068,038 1,087,815 19,777 1.85% 1,008,126 79,689 7.90%January 1,116,294 1,105,500 (10,794) -0.97% 1,053,675 51,825 4.92%February 1,571,302 - N/A N/A 1,483,160 N/A N/AMarch 978,670 - N/A N/A 923,771 N/A N/AApril 982,154 - N/A N/A 927,060 N/A N/AMay 1,169,225 - N/A N/A 1,103,637 N/A N/AJune 962,593 - N/A N/A 908,596 N/A N/AJuly 1,029,378 - N/A N/A 971,635 N/A N/AAugust 1,296,987 - N/A N/A 1,224,232 N/A N/ASeptember 3,286,136 - N/A N/A 3,101,800 N/A N/A 13,468,000$ 2,200,390$ 8,834$ 0.40% 12,712,511$ 131,770$ 6.37%

(Total to Date) (Y-T-D Variance) (Y-T-D Variance)

Sales Tax collected by vendors is received from State two months lagging (ie: October Sales Tax Collected is received in December)


2020-2021 YEAR-TO-DATESales Tax

$-

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

$3,500,000

Sales Tax 2019-2020

2020-2021


Budgeted Actual Budget % Variance Actual Prior Year % VarianceOctober 2,187,403$ 1,662,432$ (524,971)$ -24.00% 1,961,409$ (298,977)$ -15.24%November 1,802,825 1,810,502 7,677 0.43% 1,616,564 193,938 12.00%December 2,804,858 3,241,160 436,302 15.56% 2,515,071 726,089 28.87%January 2,094,293 2,003,830 (90,463) -4.32% 1,877,919 125,911 6.70%February 1,862,505 - N/A N/A 1,670,078 N/A N/AMarch 1,836,669 - N/A N/A 1,646,912 N/A N/AApril 2,057,408 - N/A N/A 1,844,845 N/A N/AMay 2,805,319 - N/A N/A 2,515,485 N/A N/AJune 3,697,571 - N/A N/A 3,315,553 N/A N/AJuly 4,381,281 - N/A N/A 3,928,624 N/A N/AAugust 5,254,032 - N/A N/A 4,711,206 N/A N/ASeptember 4,364,045 - N/A N/A 3,913,169 N/A N/AAccrual 1,829,081 - N/A N/A 1,640,108 N/A N/A

36,977,290$ 8,717,924$ (171,455)$ -1.93% 33,156,943$ 746,961$ 9.37% (Y-T-D Variance) (Y-T-D Variance)


2020-2021 YEAR-TO-DATEWater Sales

$- $500,000

$1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 $4,000,000 $4,500,000 $5,000,000

Water Sales 2019-2020

2020-2021


Budgeted Actual Budget % Variance Actual Prior Year % VarianceOctober 437,362$ 407,301$ (30,061)$ -6.87% 406,945$ 356$ 0.09%November 744,414 724,007 (20,407) -2.74% 692,643 31,364 4.53%December 1,209,697 1,220,120 10,423 0.86% 1,125,567 94,553 8.40%January 990,921 972,778 (18,143) -1.83% 922,006 50,772 5.51%February 977,775 - N/A N/A 909,774 N/A N/AMarch 963,125 - N/A N/A 896,143 N/A N/AApril 946,852 - N/A N/A 881,002 N/A N/AMay 954,884 - N/A N/A 888,475 N/A N/AJune 1,005,939 - N/A N/A 935,980 N/A N/AJuly 995,551 - N/A N/A 926,314 N/A N/AAugust 1,017,508 - N/A N/A 946,744 N/A N/ASeptember 1,016,880 - N/A N/A 946,160 N/A N/AAccrual 553,024 - N/A N/A 514,563 N/A N/A

11,813,930$ 3,324,206$ (58,188)$ -1.72% 10,992,316$ 177,045$ 5.63%(Total to Date) (Y-T-D Variance) (Y-T-D Variance)


2020-2021 YEAR-TO-DATESewer Charges

$-

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

$1,400,000

Sewer Charge 2019-2020

2020-2021

% Difference % DifferenceTax Compared to Compared toYear Preliminary Roll Certified Roll Preliminary Final Roll Certified Roll

1999 3,008,969,840 2,948,590,099 -2.01% 2,969,415,135 0.71%2000 3,672,111,425 3,539,647,836 -3.61% 3,589,601,658 1.41%2001 4,214,334,516 4,076,122,284 -3.28% 4,115,776,064 0.97%2002 4,649,986,776 4,462,284,794 -4.04% 4,554,312,889 2.06%2003 5,053,029,514 4,880,173,018 -3.42% 4,896,811,887 0.34%2004 5,525,978,571 5,076,150,138 -8.14% 5,084,875,737 0.17%2005 5,518,068,718 5,341,955,026 -3.19% 5,347,908,841 0.11%2006 5,907,094,973 5,679,697,906 -3.85% 5,696,542,234 0.30%2007 6,473,517,811 6,278,448,075 -3.01% 6,272,677,237 -0.09%2008 6,889,876,856 6,653,229,402 -3.43% 6,689,486,952 0.54%2009 6,969,402,110 6,755,288,674 -3.07% 6,771,421,999 0.24%2010 6,737,436,164 6,590,793,631 -2.18% 6,640,949,523 0.76%2011 6,845,055,160 6,674,576,249 -2.49% 6,716,050,401 0.62%2012 6,818,336,968 6,677,446,013 -2.07% 6,698,462,091 0.31%2013 7,064,220,969 6,908,155,812 -2.21% 6,933,625,226 0.37%2014 7,479,289,558 7,418,961,754 -0.81% 7,453,971,772 0.47%2015 8,104,629,862 8,133,973,490 0.36% 8,098,895,767 -0.43%2016 8,891,911,042 8,803,252,535 -1.00% 8,940,389,571 1.56%2017 9,844,516,885 9,567,940,555 -2.81% 9,594,527,011 0.28%2018 10,594,011,732 10,370,094,270 -2.11% 10,352,348,618 -0.17%2019 11,363,342,996 10,900,644,826 -4.07% 11,041,872,747 1.30%2020 12,094,683,630 11,508,317,487 -4.85% 11,508,317,487 * 0.00%

* As of Certified Roll dated 09/18/2020


APPRAISAL ROLL COMPARISON

$0

$2,000,000,000

$4,000,000,000

$6,000,000,000

$8,000,000,000

$10,000,000,000

$12,000,000,000

$14,000,000,000

Appraisal Roll

Y-T-Date Y-T-Date

2020-2021 2019-2020RESIDENTIAL 159 128 COMMERCIAL 5 37

TOTAL 164 165

Y-T-Date Total Total Total Total Total2020-2021 2019-2020 2018-2019 2017-2018 2016-2017 2015-2016

RESIDENTIAL 159 423 500 592 440 350 COMMERCIAL 5 59 46 35 58 74

TOTAL 164 482 546 627 498 424


BUILDING PERMITS

- 20 40 60 80

100 120 140 160 180

2020-2021 2019-2020

BUILDING PERMITSY-T-D COMPARISON COMMERCIAL

RESIDENTIAL

- 100 200 300 400 500 600 700

2020-2021 2019-2020 2018-2019 2017-2018 2016-2017 2015-2016

BUILDING PERMITSCOMMERCIAL

RESIDENTIAL

Section 3


COMPLIANCE REPORTS

Funds of the Town of Flower Mound are invested in accordance with Chapter 2256of the “Public Funds Investment Act.” The Act clearly defines allowable investmentinstruments for local governments. The Town of Flower Mound Investment Policyincorporates the provisions of the act and all investment transactions are executed incompliance with the Act and the Policy.


Investment Reports

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Section 4


This section contains an analysis of legal fee expenses. Due to the timing of legalinvoices the reporting of information will be one month behind.


Special Interests

2020-21 2020-21 VARIANCE CY ACTUAL/ 2019-20 VARIANCE CY ACTUAL/YEAR YEAR ACTUAL TO CY PROJECTED YEAR ACTUAL TO PY ACTUAL

MONTH BUDGETED ACTUAL BUDGET % VARIANCE ACTUAL PRIOR YEAR % VARIANCE

OCTOBER 55,989$ 46,341$ 9,648$ 17.23% 70,552$ 24,211$ 34.32%NOVEMBER 56,532 44,258 12,274 21.71% 53,827 9,569 17.78%DECEMBER 44,896 46,267 (1,371) -3.05% 40,898 (5,369) -13.13%JANUARY 60,595 - n/a n/a 63,246 n/a n/aFEBRUARY 55,573 - n/a n/a 60,856 n/a n/aMARCH 59,389 - n/a n/a 30,907 n/a n/a

APRIL 50,755 - n/a n/a 34,611 n/a n/aMAY 56,167 - n/a n/a 42,857 n/a n/aJUNE 49,763 - n/a n/a 42,795 n/a n/aJULY 49,177 - n/a n/a 33,597 n/a n/aAUGUST 50,204 - n/a n/a 43,170 n/a n/aSEPTEMBER 50,060 - n/a n/a 39,438 n/a n/a

639,100$ 136,866$ 20,551$ 13.06% 556,754$ 28,411$ 17.19%(Total to Date) (Y-T-D Variance) (Y-T-D Variance)


Note: General Expenses include: General Services, Flat Fee.

THE 2020-21 YEAR-TO-DATELEGAL FEE REPORT

GENERAL LEGAL EXPENSES



OCTOBER 16,724$ 3,145$ 13,579$ 81.19% 5,714$ 2,569$ 44.96%NOVEMBER 16,886 5,196 11,690 69.23% 5,314 118 2.22%DECEMBER 13,411 4,785 8,626 64.32% 4,565 (220) -4.82%JANUARY 18,100 - n/a n/a 5,854 n/a n/aFEBRUARY 16,600 - n/a n/a 10,129 n/a n/aMARCH 17,740 - n/a n/a 12,375 n/a n/a


190,900$ 13,126$ 33,895$ 72.08% 99,922$ 2,467$ 15.82%(Total to Date) (Y-T-D Variance) (Y-T-D Variance)


Lawsuits from current and previous year include the following active/inactive lawsuits vs. Town: Keystone Exploration, Terrell, Williams, GTE SW & Jet Underground, Bob White Lane, Council Investigation, Reginald Rembert, Deevers,Victor Vega.


LAWSUITS and SPECIAL PROJECTS



OCTOBER 72,713$ 49,486$ 23,227$ 31.94% 76,266$ 26,780$ 35.11%NOVEMBER 73,418 49,454 23,964 32.64% 59,141 9,687 16.38%DECEMBER 58,307 51,052 7,255 12.44% 45,463 (5,589) -12.29%JANUARY 78,695 - n/a n/a 69,100 n/a n/aFEBRUARY 72,173 - n/a n/a 70,985 n/a n/aMARCH 77,129 - n/a n/a 43,282 n/a n/a


830,000$ 149,992$ 54,446$ 26.63% 656,676$ 30,878$ 17.07%

(Total to Date) (Y-T-D Variance) (Y-T-D Variance)

Ordinary Legal Expenses for Capital Improvement Projects (CIP) and Special Revenue Funds are not included in the above totals.

1,296$

-$


Ordinary CIP Legal Expenses Fiscal Y-T-D (500's & 600's):

Special Revenue Legal Expenses Fiscal Y-T-D (300's):


TOTAL EXPENDITURES

December December VARIANCE CY ACTUAL/ 19-20 20-21 Variance2019 2020 ACTUAL TO PY ACTUAL Y-T-D as of Y-T-D as of Actual to

DIVISION ACTUAL ACTUAL PRIOR YEAR % VARIANCE December December Prior YearTown Secretary/Legislative 24,498$ 27,375$ (2,877)$ -11.74% General 165,277$ 136,866$ 28,411$ Town Manager's Office 1,627 6,154 (4,527) -278.24% Lawsuits 15,593 13,126 2,467 Development Services 5,598 1,757 3,841 68.61%Economic Development 231 1,995 (1,764) -763.64% Total 180,870$ 149,992$ 30,878$ Financial Services - 231 (231) 100.00%Human Resources 474 509 (35) -7.38%Information Technology - 509 (509) 100.00%Purchasing - - - 0.00%Municipal Court 3,197 5,694 (2,497) -78.10%Meter Services - - - 0.00% VarianceCommunications - - - 0.00% 2019 2020 Actual to Library Services - - - 0.00% December December Prior YearRecreation & Leisure Mgmt. - - - 0.00% General 40,898$ 46,267$ (5,369)$ Parks & Recreation - 879 (879) 100.00% Lawsuits 4,565 4,785 (220) Animal Services - - - 0.00%Police Services 1,758 463 1,295 73.66% Total 45,463$ 51,052$ (5,589)$ Fire Services 1,295 - 1,295 100.00%Facilities Management - - - 0.00%Code Enf/Environmental Services 324 139 185 57.10%CIP (Operating) - - - 0.00%Engineering - 562 (562) 100.00%Public Works 1,896 - 1,896 100.00%General Government Legal - - - 0.00%

Total 40,898$ 46,267$ (5,369)$ -13.13%Note: General Expenses include: General Services, Flat Fee.


December 2019 to December 2020

LEGAL FEE REPORTGENERAL LEGAL EXPENSES

Comparison of December 2019 to December 2020

Legal ExpensesYear-To-Date Comparison

by Division

Legal ExpensesComparison of

comprehensive monthly financial report

Documents