Denton County FWSD 1-B
Bookkeeper’s comments for website
Today’s Update: December 6, 2017
- 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.
- 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.
- 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.
- Capital Reserves – $2,346.69 in checking. $48,119.42 in a 1 year CD with Plains Capital Bank.
- 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.
- 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.
- Utility Billings –
a. Last updated as of May 2016. Current activity unavailable.
b. Water usage is normal for this time of year.
- 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.