Denton County FWSD 1-B
Bookkeeper’s comments for website
Today’s Update: February 05, 2020
- General Fund Bank Balances – $28,204.66 is in the primary general operating account. The district has paid Denton 1A through December. $202,656.11is in the M&O tax account. $832.84 is in Capital Improvement Reserves.
- Total Investments – $476,608.44
- Operating Activity:
a. Checks written at this time –
i Director per diems (payroll) for February 2020 meeting
ii Denton 1A December expenses
iii Legal Services for January
iv Association of Water Board Directors Annual Dues
- General Fund – other bank accounts – 2 special bank accounts all established for specific purposes
a. M & O Tax Collections
i Property tax receipts – January $183,201.86
ii Recommend investing $100,000 to TexPool Investment Fund
iii Transferring $100,000 to GF Operating account from M&O Account
b. Capital Reserves – $832.77 in checking. $51,822.93 in a 1-year CD with Central Bank.
- Debt Service Fund
a. December Activity
i Property Tax Receipts – December $674,038.16
- Property Taxes
a. The District tax rate for Tax Year 2019: 0.63
b. You are 90.42% collected as of January 31, 2019. Taxes are delinquent as of January 31st.
c. January is the 4th month of your 2019 Tax Year.
- Utility Billings –
a. Last updated as of December 2019
- Accounting Reports
a. Budget vs. Actual Analysis
i This report is for 3 months of your current fiscal year.
1 Utility Revenue is over budget by 9%,
2 Total Revenue is over budget at 141%
iii Overall expenses are over budget at 109%.
iv Denton 1A expenses are 1% under budget.
v The district currently has 4.6 months cash in reserves.