Home Documents Bookkeeper's Report 2017-12-06 Bookkeeper’s Report

2017-12-06 Bookkeeper’s Report

2016_12 Website update _Den 1B

Denton County FWSD 1-B
Bookkeeper’s comments for website

Today’s Update: December 6, 2017

  1. General Fund Bank Balances – $43,144 is in the primary general operating account. The district has paid Denton 1A through October expenses. $666,505 in the M&O tax account. $50,710 in the Capital Improvement Reserves – $48,362 of this is in a 1 year CD.
  2. Operating Activity:
    a. Checks written at this time – Director per diems (payroll) for December 6th mtg.
    b. Legal services, accounting services.
    c. Denton 1A for October expenses.
    d. AWBD – annual membership dues.
  3. General Fund – other bank accounts – 2 special bank accounts all established for specific purposes
    a. M & O Tax Collections – no collections for September. This is the last month of your previous tax year.
  4. Capital Reserves – $2,346.69 in checking. $48,119.42 in a 1 year CD with Plains Capital Bank.
  5. Debt Service Fund
    a. This is the end of your previous tax year.
    b. Debt service payment made on September 1st.
    c. Collection Fund balance $ 201,470.05 as of 9/30.
    d. Two Reserve funds of $901,000 for Series 1998 and $458,000 for Series 2015 Refunding to be held until final bond payments issued.
  6. Property Taxes
    a. The District tax rate for Tax Year 2015 (2016 collections): 77 ¢. Down from 84¢ last year.
    b. 100% as of 12th collection month, September 30, 2016.
  7. Utility Billings –
    a. Last updated as of May 2016. Current activity unavailable.
    b. Water usage is normal for this time of year.
  8. Accounting Reports
    a. This report is only for 1 month of your new fiscal year, so not very meaningful. Denton 1A expenses are 6% over budget for October.
    b. Utility billing revenues are 5% over budget.
    c. Overall expenses are right on target with budget.
    d. The district currently has 8 months cash in reserves.
    e. 13 month report through October 31st.


© Denton County Fresh Water Supply District 1B