meeting called to order business session board... · 3163-3 h.e. butt grocery co and heb grocery...
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BOARD OF DIRECTORS MEETING
JANUARY 28, 2019, 1:00 P.M.
MCLENNAN COUNTY APPRAISAL DISTRICT
315 S. 26TH STREET
WACO, TEXAS 76710
1 OF 3
AGENDA
MEETING CALLED TO ORDER
BUSINESS SESSION
ITEMS REQUIRING BOARD ACTION
1. BOARD TO ELECT CHAIRMAN AND SECRETARY.
2. MINUTES OF DECEMBER 4, 2018, MEETING.
3. BOARD TO CONSIDER RESOLUTION 2019-1 TO APPOINT CHAIRMAN AND SECRETARY FOR
ARB.
4. BOARD TO CONSIDER RESOLUTION 2019-2 TO DISPOSE OF SURPLUS AND/OR SALVAGE
PROPERTY.
5. BOARD TO CONSIDER CONTRACT WITH JUST APPRAISED.
6. BOARD TO CONSIDER CONTRACT WITH LOW & SWINNEY, PLLC.
7. BOARD TO CONSIDER LINE ITEM CHANGES.
DISCUSSION ITEMS
1. REVIEW AND DISCUSS INTERIM FINANCIAL REPORTS.
PUBLIC COMMENT
MANAGEMENT AND COMMITTEE REPORTS
1. TAXPAYER LIAISON REPORT.
• TAX PAYER COMPLAINTS
• ARB BOARD UPDATES
2. CHIEF APPRAISER REPORT TO INCLUDE UPDATES REGARDING: APPRAISALS, ARB,
ARBITRATIONS, LAWSUITS, TRAINING & EDUCATION, OPEN RECORDS REQUESTS,
MCAD BUILDING, MCAD 2019 CONTRACTS AND MISCELLANEOUS ISSUES.
BOARD OF DIRECTORS MEETING JANUARY 28, 2019, 1:00 P.M.
MCLENNAN COUNTY APPRAISAL DISTRICT 315 S. 26TH STREET
WACO, TEXAS 76710
2 OF 3
EXECUTIVE SESSION
(NOTE FOR THIS ITEM: THE BOARD OF DIRECTORS WILL BE IN CLOSED SESSION FOR THIS ITEM) a. THE APPOINTMENT, EMPLOYMENT, EVALUATION, REASSIGNMENT, DUTIES, DISCIPLINE, OR DISMISSAL OF AN
OFFICER OR EMPLOYEE, SUPERVISOR, CHIEF APPRAISER (TEX. GOVT. CODE SEC.551.074)(A) b. A PRIVATE CONSULTATION WITH THE BOARD'S ATTORNEY ON MATTERS IN WHICH THE DUTY OF THE
ATTORNEY TO THE GOVERNMENTAL BODY UNDER THE TEXAS DISCIPLINARY RULES OF PROFESSIONAL CONDUCT OF THE STATE BAR OF TEXAS CLEARLY CONFLICTS WITH THE OPEN MEETINGS ACT OR PENDING OR CONTEMPLATED LITIGATION, AS AUTHORIZED BY LAW (TEX. GOVT. CODE SECTION 551.071, 2012-3723-5 WALGREEN COMPANY, 2013-3711-4 HOLLYWOOD THEATRES, 2014-3244-5 BRAUDAWAY ENTERPRISE, LLC. , 2014-3248-4 SMV WACO GREENVIEW, 2014-3249-5 GRAYHAWKSDENE LP, 2014-3858-5 LAKESHOREPARTNERSLP, 2015-3286-5 BUENGER O C 2015-3519-4 DWIGHTS DISCOUNT VACUUM, 2015-3527-5 BIG DIAMOND LLC, 2015-3573-5 2509 LAKESHORE PARTNERS LP, 2015- 3665-5 CHICK-FIL-A INC, & GANDER MOUNTAIN CO, INC, 2016-2942-4 DHRUVKISH PARTNERS LTD, 2016-2945-3 BDR WACO INVESTMENTS INC, 2016-3002- 5 BRAZOS CONDOS I LP, 2016-3003-4 BRAZOS RIVER PARTNERSHIP, 2016-3004-4 WESTDALE PROPERTIES, 2016-3135- 5 CHICK FIL A , INC, 2016-3159-5 INDIAN RIDGE LLC & PECAN CREEK PARTNERSHIP LTD, 2016-3387-4 2509 LAKESHORE PARTNERS LP, 2016-3390-4 BIG DIAMOND, 2016-3532-4 MARS CHOCOLATE NORTH AMERICA LLC, 2016- 3533-4 WRIGLEY MANUFACTURING, 2016-3581-5 WOODHOLLOW ASSOCIATES LP, 2017-2501-5 BRAZOS RIVER PARTNERSHIP THREE L.P AN ENTITY, 2017-2519-4 BRAZOS RIVER PARTNERSHIP ONE L.P. A LIMITED PARTNERSHIP, 2017-2502-4 WESTDALE HERITAGE LTD A LIMITED PARTNERSHIP, 2017-2513-5 H E BUTT GROCERY CO AND HEB BEVERAGE CO LLC, 2017-2518-3 BRAZOS CONDOS I LP A LIMITED PARTNERSHIP, 2017-2624-4 J C PENNEY CORPORATION, 2017-2658-4 WRIGLEY MANUFACTURING, 2017-2659-4 MARS CHOCOLATE NORTH AMERICA LLC, 2017-2663-4 2509 LAKESHORE PARTNERS LP, 2017-2709-4 AMERICAN MULTI- CINEMA INC, 2017-2738-5 DCII-700 AUSTIN AVENUE LLC AN ENTITY, 2017-2758-5 POP HOLDINGS LP, 2017-2847-4 BEN E KEITH COMPANY, 2017-3035-4 11TH STREET FLATS LLC, 2017-3163-3 H.E. BUTT GROCERY CO AND HEB GROCERY COMPANY LP, , 2017-3166-5 BIG DIAMOND INC AND NTI DROP ONE LLC, 2017-3170-5 MAJ PARNERS LTD, 2017-3212-5 JOSEPH G BEARD AND SHERRY BEARD, 2017-3537-5 CVS AS LESSEE, 2017-3654-5 WI- ERI WACO H PROPERTY L. P. , 2017-3653-5 WI-ERI WACO CY PROPERTY L.P. , 2018-2478-4 2509 LAKESHORE PARTNERS LP, 2018-2632-4 HARVEST LAKESHORE ESTATES RETIREMENT RESIDENCE LLC, 2018-2665-4 WALGREENS CO. AS LESSEE, 2018-2695-4 HOLLYWOOD THEATERS INC, 2018-2764-4 WAL-MART REAL ESTATE BUSINESS TRUST EAST OP AND TEXAS LLC AS LESSEE, 2018-2765-4 WAL-MART REAL ESTATE BUSINESS TRUST, 2018-2797-5 EIRREK RTT LLC, 2018-2782-4 GRAYHAWKESDENE LP, 2018-2792-5 WRIGLEY MANUFACTURING, 2018-2791-3 MARS CHOCOLATE NORTH AMERICA LLC, 2018-2882-3 BIG DIAMOND INC AND NTI DROP ONE LLC, 2018-2909-4 AVATAR FRONTERA WACO LLC, 2018-2971-4 WACO OSOVERDE LP, 2018-2948-4 BELLTEX ASSETS III TINSLEY LLC, 2018-2940-3 CPC WACO LLC AND CPC WACO II LLC, 2018-2987-4 WACO VILLAGE PARTNERS LLC, 2018-3100-4 CATERPILLAR INC AND CATERPILLAR WORK TOOLS INC, 2018-3029-4 S2S DOMAIN WACO ASSOCIATES LLC, 2018-3128-5 CHICK FIL A SEVER, 2018-3269-5 CHICK FIL A AS OWNER AND LESSEE, 2018-3072-5 WILLIAM GEORGE SCHROEDER, 2018-3289-5 HTA HILLCREST MOB 1 AND MOB 2 LLC AN ENTITY, 2018-3330-5 SOLIS MANAGEMENT COMPANY, 2018-3319-5 PROGRESSIVE INNS LLC, 2018-3368-5 POP HOLDINGS LP, 2018-3335-3 WREN INTERESTS INC A TEXAS CORPORATION, 2018-3320-4 SPRING WACO LP, 2018-3409-5 SAMS CLUB EAST INC AND WALMART STORES EAST LP, 2018-3413-4 WALMART STORES EAST LP, 2018-3419-4 SMART STOPS LIMITED PARTNERSHIP, 2018-3424-5 BUTT H E GROCERY CO AND HEB GROCERY COMPANY LP, 2018-3440-4 STEVEN O’CONNOR , 2018-3485-4 CSMC 2007 C1 WOODWAY DR LLC, 2018-3482-5 MAJ PARTNERS LTD, 2018-3447-4 AMERICAN MULTI CINEMA INC, 2018-3481-4 Z Z & Z PROPERTIES LTD, 2018-3476-4 TENNYSON ARMS LLC, 2018-3484-5 PRASITI 415 OWEN LANE LLC, 2018-3451-5 ASPEN HEIGHTS WACO PROJECT LTD, 2018-3464-4 UPPER LEVEL ACQUISITIONS II LLC , 2018-3456-4 PROJECT COUNTRY PLACE LTD, 2018-3480-4 TRUE ORCHIDS OF TEXAS LLC, 2018-3483-3 PRASITI 5000 SANGER AVE LLC, 2018-3490-5 TTHFD INVESTMENTS LLC, 2018-3502-5 D & F MARTIN FAMILY PARTNERS LTD, 2018-3505-5 TEXAS E CREST LTD, 2018-3506-3 TX SHERMAN MANOR APTS LTD, 2018-3507-4 BRAZOS PARK APARTMENTS LTD, 2018-3538-5 RICHLAND SPRINGS LLC, 2018-3567-5 NATIONAL RETAIL PROPERTIES LP AN ENTITY, 2018-3617-3 LCS DELANEY VENTURE I LLC, 2018-3831-5 SANDY CREEK ENERGY ASSOCIATES LP, 2018-4135-4 CLOVER INDUSTRIAL LLC, 2018-4183-3 TVA DEVELOPMENT LTD, 2018-4174-5 FLAT ROCK SELF STORAGE LLC, 2018-4207-4 KIM JUNG TRUSTEE OF THE F.M. YOUNG 1989 TRUST, 2018-4208-3 CAPCG-WEST CAMPUS LOFTS LP, .
BOARD OF DIRECTORS MEETING JANUARY 28, 2019, 1:00 P.M.
MCLENNAN COUNTY APPRAISAL DISTRICT 315 S. 26TH STREET
WACO, TEXAS 76710
3 OF 3
BUSINESS SESSION (CONTINUED)
OTHER ITEMS
1. ACTION ON ITEMS DISCUSSED IN CLOSED SESSION. 2. SET NEXT MEETING DATE AND AGENDA ITEMS.
3. ADJOURNMENT.
McLENNAN COUNTY APPRAISAL DISTRICT BOARD OF DIRECTORS MEETING December 4, 2018 9:00 A.M.
McLennan County Appraisal District 315 S. 26th St.
Waco, TX 76710
The Board of Directors of the McLennan County Appraisal District (BOD) met at 9:00 a.m. on Tuesday, December 4, 2018, at the McLennan County Appraisal District, 315 S. 26th St., Waco, TX 76710. The notice of such meeting was duly posted by 5:00 p.m., November 30, 2018.
The members present for the meeting were: Mr. John Kinnaird, Mr. Randy Riggs, Mr. Tom Pagel, and Mrs. Mildred Watkins. Also present at the meeting were Mr. Robert Meyers, Mr. Andrew Hahn, Mr. Joe Don Bobbitt, Mrs . Betty Sanchez and Mrs. Lisa Gonzalez. Mr. Allen Sykes arrived at 9:16 a.m. and Mr. Ben Perry arrived at 9:45 a.m.
John Kinnaird called the meeting to order at 9:07 a.m.
Items for Board Action:
Item #1 Minutes of the November 16, 2018, meeting were reviewed. The Minutes from November 16, 2018, were approved as submitted.
Item #2 Board to consider contract with Low, Swinney, Evans & James, PLLC: Board discussed in Executive Session. No action was taken on this item.
Item #3 Board to consider contract with Low & Swinney, LLP: Board discussed in Executive Session. Action on this item is noted in “Actions on items discussed in closed session”.
Item #4 Board to consider contract with Sheehy, Lovelace & Mayfield, P.C.: Board reviewed.
Mildred Watkins motioned to approve contract with Sheehy, Lovelace & Mayfield, P.C. Tom Pagel seconded. No opposition. Motion passed.
Item #5 Board to consider line item changes: Joe Don Bobbitt presented. Board discussed. Mildred Watkins motioned to approve line item changes. Tom Pagel seconded. No opposition. Motion passed. Discussion Items: Item #1 Review and discuss Interim Financial Reports: Mr. Hahn presented. Board discussed. Public Comment: Nancy Gatlin and Joe Gatlin.
Management and Committee Reports: None Executive Session: Board went into Executive Session at 9:20 am. Executive Session adjourned
McLENNAN COUNTY APPRAISAL DISTRICT BOARD OF DIRECTORS MEETING December 4, 2018 9:00 A.M.
McLennan County Appraisal District 315 S. 26th St.
Waco, TX 76710
at 11:25 am.
Action on items discussed in closed session: The Board recommended sending a 30-day notice to terminate the contract of Low & Swinney, LLP. and all existing cases handled by Low & Swinney, LLP. should be turned over to McCreary, Veselka, Bragg and Allen P.C. Tom Pagel motioned to send a 30-day notice to terminate contract. Ben Perry seconded. No opposition. Motion passed.
The next meeting date: Circulate some dates in mid to end of January to BOD members and a decision will be made at a later time.
There is no other business to come before the Board; the meeting adjourned at 11:27 a.m.
Allen Sykes, Secretary
Resolution 2019-1
RESOLUTION TO
APPOINT THE CHAIRMAN AND SECRETARY OF
THE McLENNAN COUNTY APPRAISAL REVIEW BOARD
WHEREAS, section 6.42, Texas Property Tax Code, requires the McLennan County Board of
Directors appoint the chairman and secretary of the McLennan County Appraisal Review Board; and
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE
McLENNAN COUNTY APPRAISAL DISTRICT THAT:
The following persons are appointed as officers of the McLennan County Appraisal Review Board for the calendar year 2019: Chairman: _______________________________ Secretary: _______________________________ RESOLVED THIS 28th DAY OF JANUARY, 2019. _________________________________________
________________, Chairman, Board of Directors
ATTEST: _________________________________________
________________, Secretary, Board of Directors
Resolution 2019-2
RESOLUTION TO
DISPOSE OF SURPLUS AND/OR SALVAGE PROPERTY
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE
McLENNAN COUNTY APPRAISAL DISTRICT, McLENNAN COUNTY, TEXAS: THAT THE PROPERTY LISTED ON THE ATTACHED SCHEDULE IS DETERMINED TO BE EITHER SALVAGE OR SURPLUS PROPERTY.
THAT THE CHIEF APPRAISER IS HEREBY AUTHORIZED TO DISPOSE OF THE
SALVAGE OR SURPLUS PROPERTY LISTED ON THE ATTACHED SCHEDULE BY: 1. SELLING THE PROPERTY BY COMPETITIVE BID OR AUCTION, 2. ANY PROPERTY THAT THE CHIEF APPRAISER DETERMINES IS UNABLE TO
BE SOLD BY COMPETITIVE BID OR AUCTION MAY BE DISPOSED BY: a. DONATING THE PROPERTY TO A POLITICAL SUBDIVISION OR A
CIVIC OR CHARITABLE ORGANIZATION b. DESTROYING OR DISCARDING THE PROPERTY AS WORTHLESS
THAT IT IS HEREBY OFFICIALLY FOUND AND DETERMINED THAT THE
MEETING AT WHICH THIS RESOLUTION IS PASSED IS OPEN TO THE PUBLIC AS REQUIRED BY LAW AND THAT PUBLIC NOTICE OF THE TIME, PLACE, AND PURPOSE OF SAID MEETING WAS GIVEN AS REQUIRED.
RESOLVED THIS 28th DAY OF JANUARY, 2019.
_______________________________________ John Kinnaird, Chairman, Board of Directors
ATTEST:
__________________________________________ Allen Sykes, Secretary, Board of Directors
Tag Number MCCAD ID Description Acquisition Date Cost
7212F 1216 COLE LETTER 4 DRAWER FILE CABINET 6/30/1981 116.56
7213F 1215 COLE LETTER 4 DRAWER FILE CABINET 6/30/1981 116.56
7228F 1109 COLE LEGAL SIZE FILE CABINET 2 DRAWER 6/30/1981 124.00
7230F 1119 COLE LEGAL SIZE FILE CABINET 2 DRAWER 6/30/1981 124.00
1728 1728 OPTIPLEX 790 MINI TOWER PC 12/13/2012 0.00
7440F 1189 LEGAL SIZE FILE CABINET W LOCK 12/6/1985 159.00
7441F 1188 LEGAL SIZE FILE CABINET W LOCK 12/6/1985 159.00
7476F 1213 COLE LETTER 4 DRAWER FILE CABINET W/LOCK 4/8/1987 177.00
7518F 1107 COLE LEGAL SIZE FILE CABINET ‐ 2 DRAWER 9/2/1988 188.25
7569F 1096 PANASONIC KXE7000 5/10/1990 818.00
7683F 1283 HON 3 drawer lateral 7/23/1992 149.50
7694F 1355 HON LETTER FILE CABINET 4 DRAWER ‐REFERENCE 4/8/1993 198.00
0997 SONY DSCS70 DIGITAL CAMERA W/CHARGER 8/4/2002 283.00
7807F 0020 LASERJET 4050N 10/5/2000 1,499.99
1110 AUDIO MOBILEPRE USB PWRD BOX 5/27/2004 135.00
1450 HON 2 DR LEGAL FILE CABINET 310 SERIES‐‐PUTTY 6/11/2003 142.45
NO TAG LATERAL FILE 3 DRAWER 8/18/2008 360.32
1044 HON LEGAL 4 DRAWER FILE CABINET W/LOCK 8/31/2003 140.00
1449 2 DRAWER LEGAL FILE CABINET PUTTY 10/29/2003 107.36
7504F 1393 PANASONIC TYPEWRITER KXE700M 12/22/1987 854.00
0071 FIREWALL SOFTWARE & HARDWARE 7/31/2002 1,075.00
1233 BROTHER P‐TOUCH PROLABEL SYSTEM 12/31/1990 100.00
1603 HON TWO DRAWER LEGAL FILE CABINET 12/29/2006 145.60
0088 FUJITSU 5660C COLOR DUPLEX SCANNER 4/26/2006 4,069.00
1615 HON LETTER 4 DRAWER FILE CABINET 9/22/2006 125.00
0189 OPTIPLEX 790 MINI TOWER PC 5/31/2012 1,086.75
1697 OPTIPLEX 790 MINI TOWER PC 12/13/2012 951.05
1698 OPTIPLEX 790 MINI TOWER PC 12/13/2012 951.05
1699 OPTIPLEX 790 MINI TOWER PC 12/13/2012 951.05
1700 OPTIPLEX 790 MINI TOWER PC 12/13/2012 951.05
1702 OPTIPLEX 790 MINI TOWER PC 12/13/2012 951.05
1704 OPTIPLEX 790 MINI TOWER PC 12/13/2012 951.05
1706 OPTIPLEX 790 MINI TOWER PC 12/13/2012 951.05
1709 OPTIPLEX 790 MINI TOWER PC 12/13/2012 951.05
1710 OPTIPLEX 790 MINI TOWER PC 12/13/2012 951.05
1711 OPTIPLEX 790 MINI TOWER PC 12/13/2012 951.05
1701 VERTICAL PAPER HOLDER 10/1/2008 105.34
1712 OPTIPLEX 790 MINI TOWER PC 12/13/2012 951.05
1713 OPTIPLEX 790 MINI TOWER PC 12/13/2012 951.05
1714 OPTIPLEX 790 MINI TOWER PC 12/13/2012 951.05
1715 OPTIPLEX 790 MINI TOWER PC 12/13/2012 951.05
1725 OPTIPLEX 9020 MINITOWER PC 11/26/2013 1,380.00
1729 OPTIPLEX 9020 MINITOWER PC 11/26/2013 1,380.00
1730 OPTIPLEX 9020 MINITOWER PC 11/26/2013 1,380.00
1734 OPTIPLEX 9020 MINITOWER PC 11/26/2013 1,380.00
1735 OPTIPLEX 9020 MINITOWER PC 11/26/2013 1,380.00
1737 OPTIPLEX 9020 MINITOWER PC 11/26/2013 1,380.00
1738 OPTIPLEX 9020 MINITOWER PC 11/26/2013 1,380.00
1741 OPTIPLEX 9020 MINITOWER PC 11/26/2013 1,380.00
1742 OPTIPLEX 9020 MINITOWER PC 11/26/2013 1,380.00
1743 OPTIPLEX 9020 MINITOWER PC 11/26/2013 1,380.00
1758 OPTIPLEX 9020 MINITOWER PC 11/26/2013 0.00
0196 SAMSUNG FAX SF‐560 0.00
0199 OPTIPLEX 9020 MINITOWER PC 11/26/2013 0.00
1357 HON 4‐DRAWER LEGAL FILE CABINET TAN 10.00
0183 OPTIPLEX 780 MINITOWER 5/25/2011 1,405.80
0185 OPTIPLEX 780 MINITOWER 5/25/2011 1,405.80
0186 OPTIPLEX 780 MINITOWER 5/25/2011 1,405.80
0187 OPTIPLEX 780 MINITOWER 5/25/2011 1,405.80
0188 OPTIPLEX 780 MINITOWER 5/25/2011 1,405.80
Disposition Request List 1/28/2019
1
JUST APPRAISED
SAAS SERVICES ORDER FORM
Customer: McLennan County Appraisal District Contact: Joe Don Bobbitt, R.P.A. (Assistant Chief Appraiser)
Phone: (254) 752-9864Address: 315 S. 26th Street
Waco, Texas 76703
E-Mail: [email protected]
Services: Company provides a sales verification software application that aggregates various data sources about residential real estate transactions and creates a workflow that is designed to allow appraisers to process real estate sales more quickly (the “Service(s)”).
Fees:
$10,000 for the Initial Term.
$25,000 for each year after the Initial Term.
Additional Fees and related payment information is set forth in the Terms and Conditions and the SOW.
Term: From the Effective Date (below) through to February 14, 2019 (“Initial Term”). After the Initial Term, each subsequent Term of one year will begin upon the approval of the Agreement by the Board of Directors of the McLennan County Appraisal District unless terminated by either party upon sixty (60) days’ notice to the other party
Implementation Services: Company will use commercially reasonable efforts to provide Customer the Services described in the Statement of Work (“SOW”) attached as Exhibit B hereto (“Implementation Services”).
Implementation Fees: $0
Training Fees: $0
JUST APPRAISED INC.
SAAS SERVICES AGREEMENT
This SaaS Services Agreement (“Agreement”) is entered into on this 15th day of August, 2018 (the “Effective Date”) between Just Appraised Inc., with a place of business at 440 N. Wolfe Rd., Sunnyvale, CA 94085 (“Company”), and the Customer listed above (“Customer”). This Agreement includes and incorporates the above Order Form, as well as the attached Terms and Conditions and contains, among other things, warranty disclaimers, liability limitations and use limitations. In the event of a conflict between the Terms and Conditions and the Order Form, the Order Form will supersede. There shall be no force or effect to any different terms of any related purchase order or similar form even if signed by the parties after the date hereof.
JUST APPRAISED INC
By:
Name: Travis Noll
Title: Chief Executive Officer
Date:
CUSTOMER
By:
Name: Joe Bobbitt
Title: Assistant Chief Appraiser
Date: 08/17/201808/17/2018
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TERMS AND CONDITIONS1. SAAS SERVICES AND SUPPORT
1.1 Subject to the terms of this Agreement, Company will use commercially reasonable efforts to provide Customer the Services. As part of the registration process, Customer will identify an administrative user name and password for Customer’s Company account. Company reserves the right to refuse registration of, or cancel passwords it deems inappropriate.
1.2 Subject to the terms hereof, Company will provide Customer with reasonable technical support services in accordance with the Company’s standard practice.
2. RESTRICTIONS AND RESPONSIBILITIES
2.1 Customer will not, directly or indirectly: reverse engineer, decompile, disassemble or otherwise attempt to discover the source code, object code or underlying structure, ideas, know-how or algorithms relevant to the Services or any software, documentation or data related to the Services (“Software”); modify, translate, or create derivative works based on the Services or any Software (except to the extent expressly permitted by Company or authorized within the Services); use the Services or any Software for timesharing or service bureau purposes or otherwise for the benefit of a third; or remove any proprietary notices or labels.
2.2 Further, Customer may not remove or export from the United States or allow the export or re-export of the Services, Software or anything related thereto, or any direct product thereof in violation of any restrictions, laws or regulations of the United States.
2.3 Customer represents, covenants, and warrants that Customer will use the Services only in compliance with Company’s standard published policies then in effect (the “Policy”) and all applicable laws and regulations Customer hereby agrees to indemnify and hold harmless Company against any damages, losses, liabilities, settlements and expenses () in connection with any claim or action that arises from Customer’s knowing violation of the foregoing or otherwise from Customer’s use of Services. Although Company has no obligation to monitor Customer’s use of the Services, Company may do so and may prohibit any use of the Services it believes may be (or alleged to be) in violation of the foregoing.
2.4 Customer shall be responsible for obtaining and maintaining any equipment and ancillary services needed to connect to, access or otherwise use the Services, including, without limitation, modems, hardware, servers, software, operating systems, networking, web servers and the like (collectively, “Equipment”). Customer shall also be responsible for maintaining the security of the Equipment, Customer account, passwords (including but not limited to administrative and user passwords) and files, and for all uses of Customer account or the Equipment with or without Customer’s knowledge or consent.
3. CONFIDENTIALITY; PROPRIETARY RIGHTS
3.1 Each party (the “Receiving Party”) understands that the other party (the “Disclosing Party”) has disclosed or may disclose business, technical or financial information relating to the Disclosing Party’s business (hereinafter referred to as “Proprietary Information” of the Disclosing Party). Proprietary Information of Company includes non-public information regarding features, functionality and performance of the Service. Proprietary Information of Customer includes non-public data provided by Customer to Company to enable the provision of the Services (“Customer Data”). The Receiving Party agrees: (i) to take reasonable precautions to protect such Proprietary Information, and (ii) not to use (except in performance of the Services or as otherwise permitted herein) or divulge to any third person any such Proprietary Information. The Disclosing Party agrees that the foregoing shall not apply with respect to any information after five (5) years following the disclosure thereof or any information that the Receiving Party can document (a) is or becomes generally available to the public, or (b) was in its possession or known by it prior to receipt from the Disclosing Party, or (c) was rightfully disclosed to it without restriction by a third party, or (d) was independently developed without use of any Proprietary Information of the Disclosing Party or (e) is required to be disclosed by law.
3.2 Customer Materials. During the Term, Customer shall provide information to Company that (a) is publicly available, or (b) Customer has the right to provide to Company (e.g., a third party has consented) for Company’s use in connection with the Services (“Property Data”). Customer hereby grants to Company a non-exclusive, non-transferable, non-sublicenseable, royalty-free, paid-up, revocable, perpetual license to: (a) use, copy, execute, reproduce, display, perform, distribute internally (but not externally) the Property Data; and (b) prepare derivative works based upon all such Property Data. 3.3 Company shall own and retain all right, title and interest in and to (a) the Services and Software, all improvements, enhancements, derivative works, or modifications thereto, (b) any software, applications, data models and compilations, databases or similar arrangements of information, inventions or other technology developed in connection with Implementation Services or support, and (c) any data that is based on or derived from the Property Data, and (d) all intellectual property rights related to any of the foregoing.
3.4. Notwithstanding anything to the contrary, the Company shall have the right to collect and analyze data and other information relating to the provision, use and performance of various aspects of the Services rendered to Customer and related systems and technologies (including, Customer Data, Property Data and data derived therefrom), and Company will be free (during and after the Initial Term or the Term, as applicable) to
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use and disclose such information and data (a) to improve and enhance the Services, and (b) for other development, diagnostic and corrective purposes in connection with providing the Services and other Company offerings to Customer and to third parties.
4. PAYMENT OF FEES
4.1 Customer will pay Company the then applicable fees described in the Order Form for the Services and Implementation Services in accordance with the terms therein (the “Fees”). If Customer’s use of the Services exceeds the Service Capacity set forth on the Order Form or otherwise requires the payment of additional fees (per the terms of this Agreement), Customer shall be billed for such usage and Customer agrees to pay the additional fees in the manner provided herein. Company reserves the right to change the Fees or applicable charges and to institute new charges and Fees at the end of the Initial Service Term or then-current renewal term, upon thirty (30) days prior notice to Customer (which may be sent by email). If Customer believes that Company has billed Customer incorrectly, Customer must contact Company no later than 60 days after the closing date on the first billing statement in which the error or problem appeared, in order to receive an adjustment or credit. Inquiries should be directed to Company’s customer support department.
4.2 Company may choose to bill through an invoice, in which case, full payment for invoices issued in any given month must be received by Company thirty (30) days after the mailing date of the invoice. Unpaid amounts are subject to a finance charge of 1.5% per month on any outstanding balance, or the maximum permitted by law, whichever is lower, plus all expenses of collection and may result in immediate termination of Service. Customer shall be responsible for all taxes associated with Services other than U.S. taxes based on Company’s net income.
5. TERM AND TERMINATION
5.1 In addition to any other remedies it may have, either party may also terminate this Agreement upon thirty (30) days’ notice (or without notice in the case of nonpayment), if the other party materially breaches any of the terms or conditions of this Agreement. Customer will pay in full for the Services up to and including the last day on which the Services are provided. Company will provide all Property Data for which Customer has paid in full up to and including the last day on which payment is made for such services and data. All sections of this Agreement which by their nature should survive termination will survive termination, including, without limitation, accrued rights to payment, confidentiality obligations, warranty disclaimers, and limitations of liability.
6. WARRANTY AND DISCLAIMER
Company shall use reasonable efforts consistent with prevailing industry standards to maintain the Services in a manner which minimizes errors and interruptions in the Services and shall perform the Implementation Services in a professional
and workmanlike manner. Services may be temporarily unavailable for scheduled maintenance or for unscheduled emergency maintenance, either by Company or by third-party providers, or because of other causes beyond Company’s reasonable control, but Company shall use reasonable efforts to provide advance notice in writing or by e-mail of any scheduled service disruption. HOWEVER, COMPANY DOES NOT WARRANT THAT THE SERVICES WILL BE UNINTERRUPTED OR ERROR FREE; NOR DOES IT MAKE ANY WARRANTY AS TO THE RESULTS THAT MAY BE OBTAINED FROM USE OF THE SERVICES. EXCEPT AS EXPRESSLY SET FORTH IN THIS SECTION, THE SERVICES AND IMPLEMENTATION SERVICES ARE PROVIDED “AS IS” AND COMPANY DISCLAIMS ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE AND NON-INFRINGEMENT.
7. LIMITATION OF LIABILITY
NOTWITHSTANDING ANYTHING TO THE CONTRARY, EXCEPT FOR BODILY INJURY OF A PERSON, COMPANY AND ITS SUPPLIERS(INCLUDING BUT NOT LIMITED TO ALL EQUIPMENT AND TECHNOLOGY SUPPLIERS), OFFICERS, AFFILIATES, REPRESENTATIVES, CONTRACTORS AND EMPLOYEES SHALL NOT BE RESPONSIBLE OR LIABLE WITH RESPECT TO ANY SUBJECT MATTER OF THIS AGREEMENT OR TERMS AND CONDITIONS RELATED THERETO UNDER ANY CONTRACT, NEGLIGENCE, STRICT LIABILITY OR OTHER THEORY: (A) FOR ERROR OR INTERRUPTION OF USE OR FOR LOSS OR INACCURACY OR CORRUPTION OF DATA OR COST OF PROCUREMENT OF SUBSTITUTE GOODS, SERVICES OR TECHNOLOGY OR LOSS OF BUSINESS; (B) FOR ANY INDIRECT, EXEMPLARY, INCIDENTAL, SPECIAL OR CONSEQUENTIAL DAMAGES; (C) FOR ANY MATTER BEYOND COMPANY’S REASONABLE CONTROL; OR (D) FOR ANY AMOUNTS THAT, TOGETHER WITH AMOUNTS ASSOCIATED WITH ALL OTHER CLAIMS, EXCEED THE FEES PAID BY CUSTOMER TO COMPANY FOR THE SERVICES UNDER THIS AGREEMENT IN THE 12 MONTHS PRIOR TO THE ACT THAT GAVE RISE TO THE LIABILITY, IN EACH CASE, WHETHER OR NOT COMPANY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
8. MISCELLANEOUS
If any provision of this Agreement is found to be unenforceable or invalid, that provision will be limited or eliminated to the minimum extent necessary so that this Agreement will otherwise remain in full force and effect and enforceable. This Agreement is not assignable, transferable or sublicensable by Customer except with Company’s prior written consent. Company may transfer and assign any of its rights and obligations under this Agreement without consent. This
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Agreement is the complete and exclusive statement of the mutual understanding of the parties and supersedes and cancels all previous written and oral agreements, communications and other understandings relating to the subject matter of this Agreement, and that all waivers and modifications must be in a writing signed by both parties, except as otherwise provided herein. No agency, partnership, joint venture, or employment is created as a result of this Agreement and Customer does not have any authority of any kind to bind Company in any respect whatsoever.All notices under this Agreement will be in writing and will be deemed to have been duly given when received, if personally delivered; when receipt is electronically confirmed, if transmitted by facsimile or e-mail; the day after it is sent, if sent for next day delivery by recognized overnight delivery service; and upon receipt, if sent by certified or registered mail, return receipt requested. This Agreement shall be governed by the laws of the State of Texas without regard to its conflict of laws provisions. All issues arising from this agreement shall be resolved in the courts of McLennan County, Texas and the parties agree to submit to the exclusive personal jurisdiction of such courts. The foregoing, however, shall not be construed or interpreted to limit or restrict the right or ability of the Company to seek and secure injunctive relief from any competent authority as contemplated herein. The Company will not pay Company’s attorney’s fees or other legal costs under any circumstances. The parties shall work together in good faith to issue at least one mutually agreed upon press release within 90 days of the Effective Date, and Customer otherwise agrees to reasonably cooperate with Company to serve as a reference account upon request. Company shall have the right to display Customer’s name and logo on Company’s website(s).
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EXHIBIT A
Addendum for McLennan County
This Addendum is made as of August 15th, 2018 (the “Addendum Effective Date”), by and between McLennan Appraisal District (“Customer”) and Just Appraised Inc. (“Company”) pursuant to the terms and conditions of the SaaS Services Agreement dated August 15th, 2018 (the “SSA”) as amended from time to time, under which it is being issued. Capitalized terms used but not defined in this Addendum have the same meanings as provided in the SSA. Customer and Company agree to execute this Addendum pursuant to the specifications and other terms set forth below. Customer and Company are sometimes referred to herein each individually as a “Party” and collectively as the “Parties.”
Pursuant to the terms and conditions of the Agreement, and for good and valuable consideration, the adequacy and receipt of which are acknowledged by the Parties, the Parties agree as follows:
1. INDEMNIFICATIONTHE COMPANY SHALL DEFEND (AT THE OPTION OF THE COMPANY), INDEMNIFY, AND HOLD THE CUSTOMER, ITS SUCCESSORS, ASSIGNS, OFFICERS, EMPLOYEES, AND ELECTED OFFICIALS HARMLESS FROM AND AGAINST ALL INDEMNIFIED CLAIMS DIRECTLY ARISING OUT OF, INCIDENT TO, CONCERNING OR RESULTING FROM THE FAULT OF THE COMPANY, OR THE COMPANY’S AGENTS, EMPLOYEES, OR SUBCONTRACTORS, IN THE PERFORMANCE OF THE COMPANY’S OBILIGATIONS UNDER THE AGREEMENT. NOTHING HEREIN SHALL BE DEEMED TO LIMIT THE RIGHTS OF THE COMPANY OR THE COMPANY (INCLUDING, BUT NOT LIMITED TO, THE RIGHT TO SEEK CONTRIBUTION) AGAINST ANY THIRD PARTY WHO MAY BE LIABLE FOR AN INDEMNIFIED CLAIM.
2. CONFIDENTIALITYIn order to provide services under the terms and conditions of the SaaS Services Agreement dated August 15th, 2018 (the “SSA”), the Company may require access to certain of the Customer’s and/or its licensors’ confidential information and information provided to it by taxpayers (including renditions, real and personal property reports, sales information, confidential business information, and other information which the Company or its licensors or taxpayers consider confidential) (collectively, “Confidential Information”). Company acknowledges and agrees that the Confidential Information is the valuable property of the Customer and/or its licensors and any unauthorized use, disclosure, dissemination, or other release of the Confidential Information will substantially injure the Customer and/or its licensors.
The Company (including its employees, subcontractors, agents, or representatives) agrees that it will maintain the Confidential Information in strict confidence and shall not disclose, disseminate, copy, divulge, recreate, or otherwise use the Confidential Information without the prior written consent of the Company or in a manner not expressly permitted under this Agreement, unless the Confidential Information is required to be disclosed by law, including as required by §22.27 or §25.195 T.P.T.C. or an order of any court or other governmental authority with proper jurisdiction, provided the Company promptly notifies the Customer before disclosing such information so as to permit the Customer reasonable time to seek an appropriate protective order. The Company agrees to use protective measures no less stringent than the Company uses within its own business to protect its own most valuable information, which protective measures shall under all circumstances be at least reasonable measures to ensure the continued confidentiality of the Confidential Information.
3. DATA OWNERSHIP
The Customer shall own all rights, titles, and interests throughout the world in and to the CAMA Property Data. Customer ownership shall not impede on Company’s ability to use data and derivates as outlined in Section 3 of the SaaS Services Agreement dated August 15th, 2018.
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4. CERTIFICATION OF NOT BEING ENGAGED IN BOYCOTT OF ISRAEL The Company hereby certifies that the Company is not currently engaged in a boycott of Israel. The
Company further certifies that no wholly owned subsidiaries, majority-owned subsidiaries, parent companies, or affiliates of the Company (if any) are currently engaged in a boycott of Israel. Company further and additionally agrees that for the duration of this Contract, neither Company, nor any wholly owned subsidiaries, majority-owned subsidiaries, parent companies, or affiliates of Company (if any) shall engage in a boycott of Israel.
For purposes of this Section, “boycott of Israel” shall mean engaging in a refusal to deal, terminating business activities, or performing other actions that are intended to limit commercial relations with Israel or with persons or entities doing business in Israel or in territories controlled by Israel, if those actions are taken either: (a) in compliance with or adherence to calls for a boycott of Israel other than those boycotts to which 50 U.S.C. § 4607(c) applies; or (b) in a manner that discriminates on the basis of nationality, national origin or religion and that is not based on a valid business reason.
By signing below, the Parties acknowledge and agree to all of the terms and conditions of this Addendum.
IN WITNESS WHEREOF, authorized persons representing each Party have executed this Addendum as of the Addendum Effective Date.
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COMPANY
By:
Name: Travis Noll
Title: Chief Executive Officer
Date:
CUSTOMER
By:
Name: Joe Bobbitt
Title: Assistant Chief Appraiser
Date: 08/17/2018
08/17/2018
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EXHIBIT B
Statement of Work
This Statement of Work (“Statement of Work” or “SOW”) is made as of August 15th, 2018 (the “SOW Effective Date”), by and between McLennan County Appraisal District (“Customer”) and Just Appraised Inc. (“Company”) pursuant to the terms and conditions of the SaaS Services Agreement dated August 15th, 2018 (the “SSA”) as amended from time to time, under which it is being issued. Capitalized terms used but not defined in this SOW have the same meanings as provided in the SSA. Customer and Company agree to execute this SOW pursuant to the specifications and other terms set forth below. Customer and Company are sometimes referred to herein each individually as a “Party” and collectively as the “Parties.”
Pursuant to the terms and conditions of the Agreement, and for good and valuable consideration, the adequacy and receipt of which are acknowledged by the Parties, the Parties agree as follows:
1. GENERAL TERMS AND DEFINITIONS
1.1 Contact Information.
Company: Just Appraised Inc. 440 N. Wolfe Rd., Sunnyvale, CA 94085
Customer: McLennan County Appraisal District. 315 S. 26th Street, Waco, Texas 76703
1.2 Service Location Information. Company will perform the Services at the location([s)] below:
McLennan County Appraisal District. 315 S. 26th Street, Waco, Texas 76703
2. SCOPE OF SERVICES
2.1 Timeline and Phases; Scope; Services Description.
Company is working with Customer to deploy Company’s Transfer of Ownership and Sales Coding application to the Customer’s Property Tax Appraisal Department. The Company’s application aggregates various data sources about residential real estate transactions and creates a workflow that allows appraisers to process the sales more quickly.
Within this Statement of Work, Company will work with Customer to:
• review the current application as it exists now and agree upon changes that support the Customer’s needs (Phase 1);
• roll out the product to a limited group of users for usability and technical testing (Phase 2); • and finally, fully deploy the product to all users in Customer’s Property Appraisal Office (Phase 3)
2.2 Timeline and Phases.
Timeline:
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• Phase 1 will begin on the Effective Date• Phase 1 will end when the feature set mutually agreed upon in writing at the start of
Phase 1 has been developed and testedActivities:
• Planning conversations to agree upon product configuration required to go live and agree upon features that will implemented after the application is live
• Ongoing development work by the Company to implement features and bug fixes• Usability tests with Customer staff members
Phase 2 – Initial Deed Processing Roll Out, Limited Data Integration Roll OutTimeline:
• Phase 2 will begin after the feature set mutually agreed upon in Phase 1 has been developed and tested
• Phase 2 will end when both parties agree the feature set has been implemented and is stable
Feature Set:• Company delivers deed document extracts in Dashboard for Customer review and
processingo Recommended Parcel Matcheso UI to confirm extracted datao Document Flaggingo Copy / Paste Data Export to CAMA
Activities:• Company team on site at Customer offices for 2-4 business days for training and support• Ongoing development work by the Company to implement features and bug fixes• Usability tests with Customer staff members• Technical tests with Customer system administrators
Phase 3 - Full Data Integration Roll OutTimeline:
• Phase 3 will begin after the feature set mutually agreed upon in Phase 2 has been developed and tested
• Phase 3 will continue until the contract ends as specific elsewhere in the TermsFeature Set
• Data Export via APIActivities
• Company team on site for 1-2 business days for training and support• Ongoing development work by the Company to implement features and bug fixes• Usability tests with Customer staff members• Technical tests with Customer system administrators
4. ROLES AND RESPONSIBILITIES
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4.1 Company Roles and Responsibilities.
Individual Responsibility
Company Project Manager
Imran Khoja
● Oversee project progress through all stages● Analyze application launch requirements (functionality,
security, privacy, etc.)● Conduct user research for new feature sets● Work with Customer regarding application maintenance and
changes● Assess and prioritize features, bug fixes, and technical
changes for product throughout all stages● Identify new potential feature sets and areas of collaboration
between Customer and Company● Act as primary points of contact for Company
Company Inc.Technical Lead / Developer
Ihsan Ecemis, Ph. D.
● Lead development effort● Manage development of technical documentation● Coordinate Company environments and development code
movement through environments● Work to execute and lead each production deployment
4.2 Customer Roles and Responsibilities.
Individual Responsibility
Customer Project Sponsors
Joe Don Bobbitt (Assistant Chief Appraiser), Gerald Gandesbery (Mapping)
• Secure project funding• Monitor project progress• Provide guidance and strategic direction • Ensure business and IT resources are available • Resolve escalated issues• Approve on-going operational support• Approve project expenditures• Approve all business deliverables
Customer System Administrators / Technical Team
Joe Don Bobbitt (Assistant Chief Appraiser)
• Regularly send property data (CAMA exports) to Company on an agreed upon schedule
• Advise on changes to data schema• Facilitate Just Appraised integration
Customer Appraisal Staff
• Participate in user research for product improvements• Report bugs and assist Company team to resolve bugs
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• Provide feedback on product and submit feature requests
5. TECHNICAL & DATA SPECIFICATIONS
5.1 Data Exchange
Access to specific pieces of data from Customer is essential to the application’s functionality. However, Company’s application will not directly connect to Customer’s databases. This access to data by Company includes: exports of all data fields and information from Customer’s CAMA database that include, but are not limited to, the following information: ownership, full cash value, and various property characteristics for all residential parcels, exports of deed images for new property sales.
Company and Customer will agree in writing upon a regular schedule throughout the Term on which the above data will be transferred from Customer to Company to be imported in to Company’s application. The above data is referred to in the Terms and Conditions as the “Property Data.”
Given that the application will not directly connect to Customer’s databases, consistency of data format and data structure is essential to continued operations of the application. Should the format or data structure of any of the Property Data change, Customer will notify Company as soon as they become aware of the change, and will work with Company to resolve any technical difficulties that may arise.
Likewise, results from Company’s application will be transferred from the application into Customer’s database. Should the format or data structure required to import the data into Customer’s database change, Customer will notify Company and work with them to resolve any technical difficulties that arise.
5.2 Tools
Required connections for the application also include tools to: provide client-side analytics (i.e. user bounce rate, etc.), monitor application performance (i.e. slow page loads, etc.), monitor errors (i.e. identifying specific information about bugs automatically, etc.), and manage logs (i.e. compliance with log requirements, etc.). These tools may include externally hosted industry standard services.
6. FEES AND PAYMENT.
Initial Term: These contracts will cover Phases 1, 2, and 3 of the application, basic technical bug fixes, maintenance, and support until February 14th, 2019. Customer will work with Company to launch the application for the Property Appraiser for a Fee of $1,666.67 upfront upon the Effective Date for the period of August 15th, 2018 through September 14th, 2018. Thereafter, Customer shall pay Company the Fee of $1,666.67 monthly, through the end of the Initial Term, in accordance with the terms herein. Customer must pay the Fees according to the schedule laid out in Terms & Conditions.
This is an early-adopter price for Customer in exchange for being a reference to any new potential clients. Customer will share their experience working with Company via written emails, phone calls. Customer will allow Company to use Customer name in Case Study highlighting impact of Services on Customer. All training and onboarding services have been discounted their full value and are included in the scope of this initial term payment scheme.
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Ongoing: After the Initial Term, Customer shall pay Company the Fee of $2,083.33 monthly in accordance with the terms herein. Customer must pay the Fees according to the schedule laid out in Terms & Conditions.
7. SOW TERM
The term of this SOW begins on the SOW Effective Date and shall continue to the end of the Term.
[ Signatures Appear on Following Page. ]
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By signing below, the Parties acknowledge and agree to all of the terms and conditions of this SOW, including the scope and timeframe of the work identified herein.
IN WITNESS WHEREOF, authorized persons representing each Party have executed this Statement of Work as of the SOW Effective Date.
JUST APPRAISED INC
By:
Name: Travis Noll
Title: Chief Executive Officer
Date:
CUSTOMER
By:
Name: Joe Bobbitt
Title: Assistant Chief Appraiser
Date: 08/17/201808/17/2018
Doc ID: b432d972f0c19a44e02565e5316a35f3430860fe
Audit Trail
TITLE
FILE NAME
DOCUMENT ID
STATUS
McLennan <> Just Appraised Contract for Signing
revised.docx
b432d972f0c19a44e02565e5316a35f3430860fe
Completed
08/17/2018
15:48:41 UTC
Sent for signature to Joe Bobbitt ([email protected])
and Travis Noll ([email protected]) from
IP: 24.4.138.94
08/17/2018
15:49:18 UTC
Viewed by Travis Noll ([email protected])
IP: 174.87.196.77
08/17/2018
15:50:53 UTC
Signed by Travis Noll ([email protected])
IP: 174.87.196.77
08/17/2018
16:06:25 UTC
Viewed by Joe Bobbitt ([email protected])
IP: 65.36.35.2
08/17/2018
21:15:22 UTC
Signed by Joe Bobbitt ([email protected])
IP: 65.36.35.2
The document has been completed.08/17/2018
21:15:22 UTC
CURRENT BUDGET ADJUSTMENT ADJUSTED BUDGET
2018 BUDGET AMOUNT AMOUNT AMOUNT REASON4040 MISCELLANEOUS REVENUE $ (4,000.00) $ (10,560.47) $ (14,560.47) INTEREST ON BANK ACCOUNTS INCREASED
5003 MAPPING SALARY $ 257,968.83 $ 4,030.33 $ 261,999.16 JE TO MOVE FUNDS DUE TO EMPLOYEES CHANGING DEPARTMENTS
5340 SUBSCRIPTIONS AND BOOKS $ 20,000.00 $ 1,617.97 $ 21,617.97 RISE IN COST OF SERVICES
5401 BUILDING MAINTENANCE $ 16,127.12 $ 469.09 $ 16,596.21 5 YR INTERNAL VALVE REPLCMT AND INSPECTION BY IMPACT FIRE
TRANSFER $ 290,095.95 $ (4,443.08) $ 269,056.66
6000 CONTINGENCY FUND 39,273.71$ (4,443.08)$ 43,716.79$ CONTINGENCY AFTER ADJ
JANUARY 28, 2019MCLENNAN COUNTY APPRAISAL DISTRICT
LINE ITEM CHANGES TO THE 2018 BUDGET
McLennan County Appraisal District General Fund
Financial Statements November 30, 2018
(With Accountant's Compilation Report Thereon)
1f1g\Nl~L'fo\]11'W~ [Q)~ !~©rru
~n(~M:~~u]~~~~@!N1 @~!LW
To the Board of Trustees of McLennan County Appraisal District:
JAYNES REITMEIER BOYD & THERRELL, P.C. Certified Pulllic .~ccountants
5·!00 Bosque Blvd .. Ste. 500 I Waco. TX 767i0 P.O. Bo:< 7615 I Waco, TX 76714 M2in 25076.4190 I Fax 254.776 8tl89 I jrbt.com
Management is responsible for the accompanying financial statements of McLennan County Appraisal District (the "District"), which comprise the general fund balance sheet as of November 30, 2018, and the related general fund statements of revenues, expenditures and changes in fund balance - budget and actual for the one month and eleven months then ended in accordance with accounting principles generally accepted in the United States of America. We have performed a compilation engagement in accordance with Statements on Standards for Accounting and Review Services promulgated by the Accounting and Review Services Committee of the AICPA. We did not audit or review the financial statements nor were we required to perform any procedures to verify the accuracy or completeness of the information provided by management. Accordingly, we do not express an opinion, a conclusion, nor provide any form of assurance on these .financial statements.
Accounting principles generally accepted in the United States of America require that receivables from exchange-like transactions be recognized at the time of the exchange, with revenue recognized only to the extent that the resources will be received soon enough to be used to liquidate liabilities of the current period. The District recognizes one-fourth of annual assessment fee revenue at the beginning of each quarterly ,reporting period during \ts fiscal year. Managemynt has not determined tl].e effect of the departure, from accounting principles generally accepted in the United States of America on the accompanying financial statements.
The accompanying budgeted information of the general fund of McLennan County Appraisal District for the year ending December 31, 2018 that is presented in comparison with the statements of revenues, expenditures and changes in fund balance has not been compiled or examined by us, and, accordingly, we do not express an opinion or any other form of assurance on it.
Management has elected to omit substantially all the disclosures required by accounting principles generally accepted in the United States of America for historical financial statements and the summaries of significant assumptions and accounting policies required under established guidelines for presentation of prospective financial statements. If the omitted disclosures were included in the financial statements, and the omitted summaries were included in the budgeted information, they might influence the user's conclusions about the District's assets, liabilities, fund balance, actual revenues and expenditures, and budgeted revenues and expenditures. Accordingly, the financial statements are not designed for those who are not informed about such matters.
We are not independent with respect to McLennan County Appraisal District.
January 14, 2019
An independent rnc1nber of tile GOO 1\lliance USA
Cash:
Extraco money market
Extraco bank cash
Extraco flex spending Accounts receivable
McLennan County Appraisal District General Fund Balance Sheet
November 30, 2018
Flexible spending plan receivable Prepaid expenditures
Total assets
Liabilities and Fund Balance
Accounts payable:
Accounts payable
Accrued liabilities: I
Pension payable
Unearned revenue
Total liabilities
Fund balance - Committed for Litigation Fund balance - Committed for Capital Improvement Fund balance - Committed for Other Fund balance - unassigned
Total fund balance
Total liabilities and fund balance
See accompanying accountant's compilation report.
2
$
$
$
$
1,053,789.25
663,061.66 6,725.51
1,058,228.28
4,398.18 24,875.15
2,811,078.03
34,628.57
I
43,906.75
1, 112,808.00
1,191,343.32
300,000.00 80,663.00
635,845.82 603,225.89
1,619,734.71
2,811,078.03
McLennan County Appraisal District General Fund
Statements of Revenue, Expenditures and Changes in Fund Balance
Budget and Actual
-- . '"[c; ll})~J Actual Actual
lf\f\'Jr'[£il\l\l~1r U 1 Month 11 Months Original g~~ ,.,_, ll __ o::J
~IQ)~ Ended Ended Annual
f!!1\\~,lf~U.%~1~·~n1r»OO (Q)\N1\b1 November 30, November 30, Budget
2018 2018 l ~-::,~ ~.r. •...,..::;:• ' ' ' ··-
Revenues:
Revenue from taxing entities $ 0.00 $ 4,240,290.07 $4,626,143.00
Interest on investments 0.00 0.00 150.00
Miscellaneous revenue 987.82 13,290.71 4,000.00
BPP rendition penalty revenue 490.30 8,121.32 10,000.00 1,478.12 4,261,702.10 4,640,293.00
Expenditures: Current:
Salaries
Administration 32,782.60 254,936.83 358,509.00
Appraisal 110,466.74 I
849,447.06 963,048.00
Mapping 29,890.41 235,977.25 160,413.00
Clerical 32,403.08 269,784.26 444,850.00
Auto and phone allowance 15,560.71 122,741.07 137,020.00
Total salaries 221,103.54 1,732,886.47 2,063,840.00
Benefits
FICA tax expense· 16,307.72 126,692.88 158,425.00
Health insurance 16,557.32 179,632.90 234,000.00
Disability long term insurance 566.95 5,322.78 6,000.00
Life insurance 686.14 6,441.25 8,850.00
Longevity 0.00 12,192.00 14,832.00
Pension 28,743.46 225,268.94 269,944.00
Pension UAAL 0.00 30,000.00 30,000.00
Unemployment compensation 191.88 8,578.24 9,200.00
Workman's compensation 1,500.00 10,490.22 16,800.00
Health insurance:PB&H-2,153.01 7,516.59 34,000.00
deductible
Total benefits 66,706.48 612,135.80 782,051.00
See accompanying accountant's compilation report.
3
Amended Annual Budget
$4,240,290.07
150.00 4,000.00
10,000.00 4,254,440.07
358,509.00
963,048.00 I
160,413.00
444,850.00
137,020.00
2,063,840.00
158,425.00
234,000.00
6,000.00
8,850.00
14,832.00
269,944.00
30,000.00
9,200.00
16,800.00
34,000.00
782,051.00
Remaining Budget
$ 0.00
150.00 (9,290.71)
1,878.68 (7,262.03)
103,572.17
113,600.94 I
(75,564.25)
175,065.74
14,278.93
330,953.53
31,732.12
54,367.10
677.22
2,408.75
2,640.00
44,675.06
0.00
621.76
6,309.78
26,483.41
169,915.20
McLennan County Appraisal District General Fund
Statements of Revenue, Expenditures and Changes in Fund Balance
Budget and Actual
UU~1J'ffi\U1~1~ @~ 1 Month 11 Months Original Amended
\g(Q)~ Ended Ended Annual Annual Remaining il. 'Jf.! November 30, November 30, Budget Budget Budget
\D)\l~~~~~~Jl(~~n(Q)~ ec»OO~ 2018 2018 .... ~-· .. -
Professional services
Appraisal review board 0.00 105,657.68 80,000.00 105,657.68 0.00
Appraisal services 0.00 24,800.00 30,000.00 30,000.00 5,200.00
Audit 0.00 6,500.00 6,500.00 6,500.00 0.00
Board of directors 0.00 174.47 1,200.00 1,200.00 1,025.53
Computer services 4,445.00 7,964.34 10,000.00 10,000.00 2,035.66
Lawn service 200.00 3,530.00 3,000.00 4,030.00 500.00
Janitorial services 1,690.00 18,590.00 22,000.00 22,000.00 3,410.00
Arbitratiqn 22.00 1,366.00 3,000.00 3,000.00 1,634.00
Payroll service fee 390.75 3,869.45 4,869.00 4,869.00 999.55
Personal property lists 0.00 2,688.00 2,500.00 2,688.00 0.00
Shredding service 31.50 357.00 500.00 500.00 143.00
Temp service 0.00 26,498.90 75,000.00 75,000.00 48,501.10 I
Consulting services: accounting 0.00 5,600.00 0.00 13,800.00 8,200.00 Consulting services: Homestead
0.00 110,600.00 110,600.00 110,600.00 0.00 Audit Services
Legal services:retainer 1,900.00 20,900.00 24,000.00 24,000.00 3,100.00
Legal services:court cost 27,638.18 208,241.02 450,000.00 450,000.00 241,758.98 Legal services:misc legal
1,770.00 5,706.50 20,000.00 20,000.00 14,293.50 services Legal services:ARB legal
0.00 1,180.05 5,000.00 5,000.00 3,819.95 counsel
Total professional services 38,087.43 554,223.41 848,169.00 888,844.68 334,621.27
Office operation
Dues and memberships 0.00 7,933.69 6,000.00 8,548.69 615.00
Insurance 0.00 8,391.74 7,300.00 8,391.74 0.00
Legal publications 0.00 6,775.89 6,000.00 6,000.00 (775.89)
Mileage reimbursement 0.00 185.48 1,000.00 1,000.00 814.52
Small equipment and furniture 0.00 21.62 2,000.00 2,000.00 1,978.38
Small software 0.00 0.00 3,000.00 3,000.00 3,000.00
Subscriptions and books 884.24 16,032.10 20,000.00 20,000.00 3,967.90
Training and education (40.00) 20,323.00 17,000.00 20,363.00 40.00
Travel 2,552.65 11,614.37 15,000.00 15,000.00 3,385.63
See accompanying accountant's compilation report.
4
McLennan County Appraisal District General Fund
Statements of Revenue, Expenditures and Changes in Fund Balance
llg\N1lf ffi~1f1J~(~ ©~ Budget and Actual
1 Month 11 Months Original ~(Q)WJ \Q!lJ~i~~~QJJS~~WQ)fNJ @OOl\..,)'{
Ended Ended Annual November 30, November 30, Budget
2018 2018
Misc expenses 0.00 244.84 1,350.00
Forms and printing:notices 0.00 27,856.22 24,200.00
Forms and printing:renditions 0.00 3,791.79 8,250.00
Forms and printing:misc 168.00 3,560.50 4,400.00 Office equipment rental:postage
0.00 4,104.43 6,700.00 machine Office equipment rental:copiers 791.03 9,794.24 12,000.00
Postage and freight:postage 0.00 82,620.37 94,500.00
Postage and freight:freight 33.23 676.42 900.00
Supplies:office supplies 2,610.59 22,775.08 24,000.00
Utilities:phone and internet 883.99 17,052.29 20,000.00
Utilities:electric 1,577.74 21,597.65 27,000.00
Utilities:water and sewer 222.91 3,264.62 4,800.00
Total office operation 9,684.38 268,616.34 305,400.00 I I
Maintenance
Building 935.00 16,027.12 10,000.00
Elevator 0.00 0.00 5,000.00
Computer equipment-hardware 0.00 1,282.51 6,000.00
Small equipment and furniture 777.08 2,122.02 3,000.00
Telephone maintenance 0.00 0.00 1,800.00 Software maintenance:true
(4,160.00) 104,420.84 104,421.00 automation Software maintenance:software
143.01 3,397.11 6,000.00 service Software maintenance:ESRI 0.00 9,900.00 10,000.00
Total maintenance (2,304.91) 137,149.60 146,221.00
Contingency fund
General contingency fund 0.00 0.00 100,000.00
Total contingency fund 0.00 0.00 100,000.00
See accompanying accountant's compilation report.
5
Amended Annual Budget
1,351.00
27,856.22
8,250.00
4,400.00
6,700.00
12,000.00
94,500.00
900.00
24,000.00
20,000.00
27,000.00
4,800.00
316,060.65
15,528.28
5,000.00
6,000.00
3,000.00
1,800.00
104,421.00
6,000.00
10,000.00
151,749.28
40,648.44
40,648.44
Remaining Budget
1,106.16
0.00
4,458.21
839.50
2,595.57
2,205.76
11,879.63
223.58
1,224.92
2,947.71
5,402.35
1,535.38
47,444.31
(498.84)
5,000.00
4,717.49
877.98
1,800.00
0.16
2,602.89
100.00
14,599.68
40,648.44
40,648.44
McLennan County Appraisal District General Fund
Statements of Revenue, Expenditures and Changes in Fund Balance
Budget and Actual
1 Month 11 Months Original Ended Ended Annual
November 30, November 30, Budget 2018 2018
Capital Outlay: Capital outlay
Building improvements 0.00 7,487.95 5,000.00
Small equipment 0.00 0.00 5,000.00
Large equipment 0.00 57,849.20 60,000.00
Large furniture 0.00 0.00 1,000.00
Aerial photography 0.00 160,516.05 196,000.00
Total capital outlay 0.00 225,853.20 267,000.00
Debt service: Debt service
Debt service interest-building O.bO 50,255.80 77,356.00
Debt service principal-building 0.00 77,355.59 50,256.00
Total debt service 0.00 127,611.39 127,612.00
Total expenditures 333,276.92 3,658,476.21 4,640,293.00
Net change in fund balance (331,798.80) 603,225.89 $ 0.00
Fund balance at beginning of period 1,951,533.51 1,016,508.82
Fund balance at end of period $ 1,619,734.71 $ 1,619,734.71
See accompanying accountant's compilation report.
6
Amended Annual Budget
7,487.95
5,000.00
60,000.00
1,000.00
196,000.00
269,487.95
77,356.00
50,256.00
127,612.00
4,640,294.00
$(385,853.93) $
Remaining Budget
0.00
5,000.00
2,150.80
1,000.00
35,483.95 43,634.75
27,100.20
(27,099.59)
0.61
981,817.79
989,079.82
McLennan County Appraisal District
SELECTED INFORM A Tl ON-Substantially All Disclosures Required by Accounting Principles Generally Accepted in the United States of America Are Not Included
Basis of Presentation
The accompanying financial statements present only the general fund and do not purport to, and do not present fairly, the financial position of McLennan County Appraisal District as of November 30, 2018, or the changes in its financial position for the one month and eleven months ended in accordance with accounting principles generally accepted in the United States of America.
See accompanying accountant's compilation report. 7
McLennan County Appraisal District General Fund
Financial Statements December 31, 2018
(With Accountant's Compilation Report Thereon)
To the Board of Trustees of McLennan County Appraisal District:
JAYNES REITMEIER BOYD & THERRELL, P.C. Certified Public Accountants
5400 Bosque Blvd., Ste. 500 I Waco, TX 7G710 P.O. Box ?GJG I Waco, TX 767i4 Main 25U76.4190 I Fax 254.776.8•189 I jrbt.co111
Management is responsible for the accompanying financial statements of McLennan County Appraisal District (the "District"), which comprise the general fund balance sheet as of December 31, 2018, and the related general fund statements of revenues, expenditures and changes in fund balance - budget and actual for the one month and twelve months then ended in accordance with accounting principles generally accepted in the United States of America. We have performed a compilation engagement in accordance with Statements on Standards for Accounting and Review Services promulgated by the Accounting and Review Services Committee of the AICPA. We did not audit or review the financial statements nor were we required to perform any procedures to verify the accuracy or completeness of the information provided by management. Accordingly, we do not express an opinion, a conclusion, nor provide any form of assurance on these financial statements.
Accounting principles generally accepted in the United States of America require that receivables from exchange-like transactions be recognized at the time of the exchange, with revenue recognized only to the extent that the resources will be received soon enough to be used to liquidate liabilities of the current period. The District recognizes one-fourth of anm,ral assessment fee reven\)e at the beginning of ea,ch quarterly reporting period during its fiscal year. Management has not determined the effect of the departure from accounting principles generally accepted in the United States of America on the accompanying financial statements.
Management has elected to omit substantially all the disclosures required by accounting principles generally accepted in the United States of America. If the omitted disclosures were included in the financial statements, they might influence the user's conclusions about the District's assets, liabilities. fund balance, actual revenues and expenditures, and budgeted revenues and expenditures. Accordingly, the financial statements are not designed for those who are not informed about such matters.
We are not independent with respect to McLennan County Appraisal District.
January 15, 2019
An independent 111e111ber of tire GOO 1\lliance USA
Cash:
Extraco money market Extraco bank cash Extraco flex spending
Accounts receivable Prepaid expenditures
Total assets
Accounts payable: Accounts payable
Accrued liabilities: Flex Spending Plan
Pension payable
Unearned revenue
Total liabilities
McLennan County Appraisal District General Fund Balance Sheet
December 3 1, 2018
Liabilities and Fund Balance
Fund balance - Committed for Litigation Fund balance - Committed for Capital Improvement Fund balance - Committed for Other Fund balance - unassigned
Total fund balance
Total liabilities and fund balance
See accompanying accountant's compilation report.
2
$ 1,054,352.23 1,372,754.65
6,493.11 35,304.06 24,872.73
$ 2,493,776.78
$ 3,866.37
787.30
36,921.35
1,112,808.00
1,154,383.02
300,000.00 80,663.00
635,845.82 322,884.94
1,339,393.76
$ 2,493,776.78
McLennan County Appraisal District General Fund
Statements of Revenue, Expenditures and Changes in Fund Balance
Budget and Actual
Actual Actual 1 Month 12 Months Original
{OJ\M~~ Ended Ended Annual .. ,J' December 31, December 31, Budget
2018 2018
Revenues:
Revenue from taxing entities $ 0.00 $ 4,240,290.07 $4,626,143.00
Interest on investments 0.00 0.00 150.00 Miscellaneous revenue 1,269.76 14,560.47 4,000.00 BPP rendition penalty revenue 0.00 8,121.32 10,000.00
1,269.76 4,262,971.86 4,640,293.00
Expenditures: Current:
Salaries
Administration 28,680.63 283,617.46 358,509.00
Appraisal 93,506.93 942,953.99 963,048.00
Mapping 26,021.91 261,999.16 160,413.00
Clerical 27,925.77 297,710.03 444,850.00
Auto and phone allowance 10,041.50 132,782.57 137,020.00
Total salaries 186,176.74 1,919,063.21 2,063,840.00
Benefits
FICA tax expense 13,475.69 140,168.57 158,425.00
Health insurance 16,899.96 196,532.86 234,000.00
Disability long term insurance 534.54 5,857.32 6,000.00
Life insurance 645.76 7,087.01 8,850.00
Longevity 0.00 12,192.00 14,832.00
Pension 24,202.98 249,471.92 269,944.00
Pension UAAL 0.00 30,000.00 30,000.00
Unemployment compensation 158.85 8,737.09 9,200.00
Workman's compensation 0.00 10,490.22 16,800.00 Health insurance:PB&H-
5,421.00 12,937.59 34,000.00 deductible
Total benefits 61,338.78 673,474.58 782,051.00
See accompanying accountant's compilation report.
3
Amended Annual Budget
$4,240,290.07
150.00 4,000.00
10,000.00 4,254,440.07
358,509.00
963,048.00
257,968.83
347,294.17
137,020.00
2,063,840.00
158,425.00
234,000.00
6,000.00
8,850.00
14,832.00
269,944.00
30,000.00
9,200.00
16,800.00
34,000.00
782,051.00
Remaining Budget
$ 0.00
150.00
(10,560.4 7) 1,878.68
(8,531.79)
74,891.54
20,094.01
(4,030.33)
49,584.14
4,237.43
144,776.79
18,256.43
37,467.14
142.68
1,762.99
2,640.00
20,472.08
0.00
462.91
6,309.78
21,062.41
108,576.42
McLennan County Appraisal District General Fund
Statements of Revenue, Expenditures and Changes in Fund Balance
\('\~10) /i~\?1' Budget and Actual
L:htb \kJU!.
1 Month 12 Months Original Amended
G))\~.m~r Ended Ended Annual Annual Remaining
December 31, December 31, Budget Budget Budget 2018 2018
Professional services
Appraisal review board 0.00 105,657.68 80,000.00 105,657.68 0.00
Appraisal services 0.00 24,800.00 30,000.00 30,000.00 5,200.00
Audit 0.00 6,500.00 6,500.00 6,500.00 0.00
Board of directors 0.00 174.47 1,200.00 1,200.00 1,025.53
Computer services 195.00 8,159.34 10,000.00 10,000.00 1,840.66
Lawn service 0.00 3,530.00 3,000.00 4,030.00 500.00
Janitorial services 1,690.00 20,280.00 22,000.00 22,000.00 1,720.00
Arbitration 450.00 1,816.00 3,000.00 3,000.00 1,184.00
Payroll service fee 498.00 4,367.45 4,869.00 4,869.00 501.55
Personal property lists 0.00 2,688.00 2,500.00 2,688.00 0.00
Shredding service 35.00 392.00 500.00 500.00 108.00
Temp service 2,000.00 28,498.90 75,000.00 75,000.00 46,501.10
Consulting services: accounting 2,600.00 8,200.00 0.00 13,800.00 5,600.00 Consulting services: Homestead
0.00 110,600.00 110,600.00 110,600.00 0.00 Audit Services
Legal services:retainer 1,900.00 22,800.00 24,000.00 24,000.00 1,200.00
Legal services:court cost 12,985.97 221,226.99 450,000.00 450,000.00 228,773.01 Legal services:misc legal
(2,000.00) 3,706.50 20,000.00 20,000.00 16,293.50 services Legal services:ARB legal
1,000.00 2,180.05 5,000.00 5,000.00 2,819.95 counsel
Total professional services 21,353.97 575,577.38 848,169.00 888,844.68 313,267.30
Office operation
Dues and memberships 0.00 7,933.69 6,000.00 8,548.68 614.99
Insurance 0.00 8,391.74 7,300.00 8,391.74 0.00
Legal publications 0.00 6,775.89 6,000.00 6,775.89 0.00
Mileage reimbursement 0.00 185.48 1,000.00 1,000.00 814.52
Small equipment and furniture 0.00 21.62 2,000.00 2,000.00 1,978.38
Small software 0.00 0.00 3,000.00 3,000.00 3,000.00
Subscriptions and books 5,585.87 21,617.97 20,000.00 20,000.00 (1,617.97)
Supplies 103.90 103.90 0.00 0.00 (103.90)
Training and education (180.00) 20,143.00 17,000.00 20,363.00 220.00
See accompanying accountant's compilation report.
4
McLennan County Appraisal District General Fund
Statements of Revenue, Expenditures and Changes in Fund Balance ~ ...... , 1"'""'\i r;.::~r,,; /i,, r I
\\JP~iiE'.t~\1t u Budget and Actual
1 Month 12 Months Original IN1\},i\\\i Ended Ended Annual ·-~/· ~.r\.~ ~.::;'\
December 31, December 31, Budget 2018 2018
Travel 1,720.02 13,334.39 15,000.00
Misc expenses 0.00 244.84 1,350.00
Forms and printing:notices 0.00 27,856.22 24,200.00
Forms and printing:renditions 0.00 3,791.79 8,250.00
Forms and printing:misc 0.00 3,560.50 4,400.00
Office equipment rental:postage 370.00 4,474.43 6,700.00
machine
Office equipment rental:copiers 0.00 9,794.24 12,000.00
Postage and freight:postage 3,300.00 85,920.37 94,500.00
Postage and freight:freight 0.00 676.42 900.00
Supplies:office supplies 209.64 22,984.72 24,000.00
Utilities:phone and internet 799.00 17,851.29 20,000.00
Utilities: electric 0.00 21,597.65 27,000.00
Utilities:water and sewer 0.00 3,264.62 4,800.00
Total office operation 11,908.43 280,524.77 305,400.00
Maintenance
Building 569.09 16,596.21 10,000.00
Elevator 0.00 0.00 5,000.00
Computer equipment-hardware 0.00 1,282.51 6,000.00
Small equipment and furniture 0.00 2,122.02 3,000.00
Telephone maintenance 0.00 0.00 1,800.00 Software maintenance:true
0.00 104,420.84 104,421.00 automation Software maintenance: software
263.70 3,660.81 6,000.00 service Software maintenance:ESRI 0.00 9,900.00 10,000.00
Total maintenance 832.79 137,982.39 146,221.00
Contingency fund
General contingency fund 0.00 0.00 100,000.00
Total contingency fund 0.00 0.00 100,000.00
See accompanying accountant's compilation report.
5
Amended Annual Budget
15,000.00
1,351.00
27,856.22
8,250.00
4,400.00
6,700.00
12,000.00
94,500.00
900.00
24,000.00
20,000.00
27,000.00
4,800.00
316,836.53
16,127.12
5,000.00
6,000.00
3,000.00
1,800.00
104,421.00
6,000.00
10,000.00
152,348.12
39,273.71
39,273.71
Remaining Budget
1,665.61
1,106.16
0.00
4,458.21
839.50
2,225.57
2,205.76
8,579.63
223.58
1,015.28
2,148.71
5,402.35
1,535.38
36,311.76
(469.09)
5,000.00
4,717.49
877.98
1,800.00
0.16
2,339.19
100.00
14,365.73
39,273.71
39,273.71
McLennan County Appraisal District General Fund
Statements of Revenue, Expenditures and Changes in Fund Balance
Budget and Actual
1 Month 12 Months Original Ended Ended Annual
December 31, December 31, Budget 2018 2018
Capital Outlay: Capital outlay
Building improvements 0.00 7,487.95 5,000.00
Small equipment 0.00 0.00 5,000.00
Large equipment 0.00 57,849.20 60,000.00
Large furniture 0.00 0.00 1,000.00
Aerial photography 0.00 160,516.05 196,000.00
Total capital outlay 0.00 225,853.20 267,000.00
Debt service: Debt service
Debt service interest-building 0.00 50,255.80 77,356.00
Debt service principal-building 0.00 77,355.59 50,256.00
Total debt service 0.00 127,611.39 127,612.00
Total expenditures 281,610.71 3,940,086.92 4,640,293.00
Net change in fund balance (280,340.95) 322,884.94 $ 0.00
Fund balance at beginning of period 1,619,734.71 1,016,508.82
Fund balance at end of period $ 1,339,393.76 $ 1,339,393.76
See accompanying accountant's compilation report.
6
Amended Annual Budget
7,487.95 5,000.00
60,000.00 1,000.00
196,000.00 269,487.95
50,256.00
77,356.00
127,612.00
4,640,293.99
$(385,853.92)
Remaining Budget
0.00 5,000.00
2,150.80 1,000.00
35,483.95 43,634.75
0.20
0.41
0.61
700,207.07
$ 708,738.86
McLennan County Appraisal District
SELECTED lNFORMA TION-Substantially All Disclosures Required by Accounting Principles Generally Accepted in the United States of America Are Not Included
Basis of Presentation
The accompanying financial statements present only the general fund and do not purport to, and do not present fairly, the financial position of McLennan County Appraisal District as of December 31, 2018, or the changes in its financial position for the one month and twelve months ended in accordance with accounting principles generally accepted in the United States of America.
See accompanying accountant's compilation report. 7
JANUARY 28, 2019
APPRAISAL: ▪ TEXAS A&M REAL ESTATE CENTER SHOWING A CURRENT VALUE INCREASE OF ABOUT 4.5%.
ARB:
▪ 38 ACTIVE CASES REMAINING FOR 2018.
ARBITRATION:
▪ 62 ARBITRATIONS HAVE BEEN FILED FOR 2018. OF THE 62, 34 ARE ACTIVE, 18 HAVE BEEN SETTLED, 7 HAVE BEEN REJECTED BY THE TX COMPTROLLER, 1 WAS WITHDRAWN BY TAXPAYER, 1 WON, AND 1 LOST.
LAWSUITS:
▪ 1 SETTLED
TRAINING AND EDUCATION:
▪ TAAD CHAPTER MEETING ON MARCH 8, 2019.
▪ 8 EMPLOYEES WILL BE ATTENDING THE TAAD CONFERENCE IN FEBRUARY.
FORMAL OPEN RECORDS REQUESTS: SINCE JANUARY 1, 2019
▪ LISA – 6
BUILDING/FACILITIES:
▪ REPLACING STAIR TREAD.
MISCELLANEOUS: