for the fiscal year ended August 31, 2019 · 2019. 12. 6. · P.O. Box 13231, 1700 N. Congress Ave. Austin, TX 78711-3231, Phone (512) 463-7847, Fax (512) 475-2053 Our Mission To

Annual Financial Reportfor the fiscal year ended

August 31, 2019

www.twdb.texas.gov

http://www.twdb.texas.gov/

TEXAS WATER DEVELOPMENT BOARD

ANNUAL FINANCIAL REPORT (UNAUDITED)

FOR THE FISCAL YEAR ENDED AUGUST 31, 2019

TEXAS WATER DEVELOPMENT

BOARD MEMBERS

As of November, 2019 PETER M. LAKE ……………………………………………………..CHAIRMAN KATHLEEN JACKSON….……...……………………………………MEMBER BROOKE T. PAUP ……...……………………………………………MEMBER

TEXAS WATER DEVELOPMENT BOARD (Agency) JEFF WALKER………………………………..EXECUTIVE ADMINISTRATOR Authorization for use or reproduction of any original material contained in the publication, i.e., not obtained from other sources, is freely granted. The Board would appreciate acknowledgment.

PUBLISHED AND DISTRIBUTED BY: TEXAS WATER DEVELOPMENT BOARD

P. O. BOX 13231 AUSTIN, TEXAS 78711-3231

P.O. Box 13231, 1700 N. Congress Ave. Austin, TX 78711-3231, www.twdb.texas.gov Phone (512) 463-7847, Fax (512) 475-2053

Our Mission

To provide leadership, information, education, and support for planning, financial assistance, and outreach for the conservation and responsible

development of water for Texas

. . . . . . . . . . . . .

Board Members

Peter M. Lake, Chairman │ Kathleen Jackson, Board Member │Brooke T. Paup, Board Member

Jeff Walker, Executive Administrator

November 20, 2019 Honorable Greg Abbott, Governor Honorable Glenn Hegar, Texas Comptroller John McGeady, Assistant Director, Legislative Budget Board Lisa Collier, First Assistant State Auditor Lady and Gentlemen: We are pleased to submit the Annual Financial Report of the Texas Water Development Board for the year ended August 31, 2019, in compliance with the Texas Government Code Annotated, Section 2101.011, and in accordance with the requirements established by the Texas Comptroller of Public Accounts. Due to the statewide requirements embedded in Governmental Accounting Standards Board (GASB) Statement No. 34, Basic Financial Statements – and Management’s Discussion and Analysis – for State and Local Governments, the Texas Comptroller of Public Accounts does not require the accompanying annual financial report to comply with all the requirements in this statement. The financial report will be considered for audit by the State Auditor as part of the audit of the State of Texas Comprehensive Annual Financial Report (CAFR); therefore, an opinion has not been expressed on the financial statements and related information contained in this report. If you have any questions, please contact Rebecca Trevino, at (512) 936-0809. LeeRoy Lopez may be contacted at (512) 463-9872 for questions related to the Schedule of Expenditures of Federal Awards. Sincerely,

Jeff Walker Executive Administrator Enclosure: Annual Financial Report of the Texas Water Development Board for the fiscal

year ended August 31, 2019

Table of Contents Introductory Section

Board and Key Personnel Letter of Transmittal General Purpose Financial Statements – Exhibits:

I. Combined Balance Sheet/Statement of Net Position – Governmental Funds .................. ..4 II. Combined Statement of Revenues, Expenditures and Changes in Fund Balances/

Statement of Activities – Governmental Funds ................................................................ ..6 III. Combined Statement of Net Position – Proprietary Funds ............................................... ..8 IV. Combined Statement of Revenues, Expenses and Changes in Net Position –

Proprietary funds ............................................................................................................. ..9 V. Combined Statement of Cash Flows – Proprietary Funds ................................................ 10 VI. Combined Statement of Net Position – Fiduciary Funds .................................................. 12

Notes to the Financial Statements:

1. Summary of Significant Accounting Policies ................................................................... 14 2. Capital Assets ................................................................................................................ 21 3. Deposits, Investments and Repurchase Agreements ..................................................... 22 4. Short-Term Debt (not applicable) ................................................................................... 25 5. Long-Term Liabilities ...................................................................................................... 25 6. Bonded Indebtedness .................................................................................................... 26 7. Derivatives (not applicable) ............................................................................................ 34 8. Operating Leases ........................................................................................................... 34 9. Defined Benefit Pension Plans and Defined Contribution Plan ....................................... 34 10. Deferred Compensation (not applicable) ........................................................................ 35 11. Post-Employment Health Care and Life Insurance Benefits ........................................... 35 12. Interfund Activity and Transactions ................................................................................. 35 13. Continuance Subject to Review ...................................................................................... 36 14. Adjustments to Fund Balances and Net Position (not applicable) ................................... 36 15. Contingencies and Commitments ................................................................................... 36 16. Subsequent Events ........................................................................................................ 38 17. Risk Management .......................................................................................................... 38 18. Management Discussion and Analysis ........................................................................... 40 19. The Financial Reporting Entity ....................................................................................... 42 20. Stewardship, Compliance and Accountability ................................................................. 42 21. Not Applicable ................................................................................................................ 42 22. Donor Restricted Endowments (not applicable) .............................................................. 43 23. Extraordinary and Special Items (not applicable) ............................................................ 43 24. Disaggregation of Receivable and Payable Balances (not applicable) ........................... 43 25. Termination Benefits (not applicable) ............................................................................. 43 26. Segment Information (not applicable) ............................................................................. 43 27. Service Concession Arrangements (not applicable) ....................................................... 43

28. Deferred Outflows of Resources and Deferred Inflows of Resources (not applicable)......43 29. Troubled Debt Restructuring (not applicable) ..................................................................43 30. Non-Exchange Financial Guarantees (not applicable) .....................................................44 31. Tax Abatements (not applicable)……………………………………………………………….44 32. Fund Balances (not applicable)………………………………………………………………...44

Individual Funds Financial Statements – Exhibits:

All General and Consolidated Funds

A-1 Combining Balance Sheet ....................................................................................46 A-2 Combining Statement of Revenues, Expenditures and Changes in Fund Balances .................................................................................................47 Special Revenue Funds

B-1 Combining Balance Sheet ....................................................................................48 B-2 Combining Statement of Revenues, Expenditures and Changes in Fund Balances ................................................................................................50 Debt Service Funds

C-1 Combining Balance Sheet ....................................................................................52 C-2 Combining Statement of Revenues, Expenditures and Changes in Fund Balances ................................................................................................53 Enterprise Funds

F-1 Combining Statement of Net Position ....................................................................54 F-2 Combining Statement of Revenues, Expenses and Changes in Net Position ....................................................................................................56 F-3 Combining Statement of Cash Flows ....................................................................58 Agency Funds

J-1 Combining Statement of Changes in Assets and Liabilities ...................................62 L-1 Combining Statement of Net Position – Discretely Presented Proprietary

Component Unit ....................................................................................................63 L-2 Combining Statement of Revenues, Expenses, and Changes in Net Position -

Discretely Presented Proprietary Component Unit ................................................64 Other Information – Schedules 1A Schedule of Expenditures of Federal Awards .........................................................66 1B State Grant Pass-Throughs From/To State Agencies ............................................69 2A Miscellaneous Bond Information ...........................................................................70 2B Changes in Bonded Indebtedness ........................................................................72 2C Debt Service Requirements ..................................................................................76 2D Analysis of Funds Available for Debt Service ........................................................82 2E Defeased Bonds Outstanding ...............................................................................84 2F Early Extinguishment and Refunding.....................................................................85 6 Loans and Contracts .............................................................................................86

GeneralPurposeFinancialStatements

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Texas Water Development Board (580)

Exhibit I - Combined Balance Sheet / Statement of Net Position – Governmental FundsAugust 31, 2019

Special DebtGeneral Revenue ServiceFunds Funds Funds

(Exhibit A-1) (Exhibit B-1) (Exhibit C-1)ASSETS

Current Assets:Cash and Cash Equivalents:

Cash on Hand 100.00$ -$ -$ Cash in Bank (Note 3) 26,000.00 - - Cash in State Treasury - 897,868,015.83 351,840.52

Short Term Investments (Note 3) - 93,354,582.32 - Legislative Appropriations 20,480,383.45 - - Receivables From:

Federal 620,991.13 - - Interest and Dividends - 4,189,962.14 556.49 Accounts Receivable 34,133.66 - -

Interfund Receivable (Note 12) - - - Due From Other Funds 612,507.66 913,293.51 - Due From Other Agencies 17,843.64 - - Loans and Contracts - 52,258,835.94 -

Total Current Assets 21,791,959.54 1,048,584,689.74 352,397.01

Non-Current Assets:Loans & Contracts 571,334,001.84 - Investments (Note 3) - 1,472,022,570.67 - Capital Assets (Note 2):

Depreciable Furniture and Equipment - - -

Accumulated Depreciation - - - Vehicle, Boats, and Aircraft - - -

Accumulated Depreciation - - - Other Capital Assets - - -

Accumulated Depreciation - - - Intangible Assets

Intangible Computer Software - - - Accumulated Amortization - - -

Total Non-Current Assets - 2,043,356,572.51 - Total Assets 21,791,959.54$ 3,091,941,262.25$ 352,397.01$

LIABILITIES AND FUND BALANCESLiabilities:

Current Liabilities:Payables From:

Accounts Payable 969,800.95$ 1,270,832.37$ -$ Payroll Payable 2,236,946.69 32,420.86 - Other - - -

Interfund Payable (Note 12) - 170,000.00 - Due To Other Funds - 253,845.97 - Due To Other Agencies 213,251.83 691,000.03 - General Obligation Bonds Payable (Note 5) - - - Employees Compensable Leave (Note 5) - - -

Total Current Liabilities 3,419,999.47 2,418,099.23 -

Non-Current Liabilities:Interfund Payables (Note 12) - 1,645,000.00 - General Obligation Bonds Payable (Note 5) - - - Employees Compensable Leave (Note 5) - - -

Total Non-Current Liabilities - 1,645,000.00 - Total Liabilities 3,419,999.47 4,063,099.23 -

FUND FINANCIAL STATEMENT-FUND BALANCESFund Balances (Deficits):

Unassigned 18,371,960.07 - - Committed - - - Restricted - 3,087,878,163.02 352,397.01

Total Fund Balances 18,371,960.07 3,087,878,163.02 352,397.01 Total Liabilities and Fund Balances 21,791,959.54$ 3,091,941,262.25$ 352,397.01$

GOVERNMENT-WIDE STATEMENT OF NET POSITIONNet Position:

Invested in Capital Assets, net of Related DebtRestricted for:

Debt RetirementUnrestricted

Total Net Position - Governmental Activities

UNAUDITED

4

Governmental Capital Long-Term Statement Funds Assets Liabilities of Total Adjustments Adjustments Net Position

100.00$ -$ -$ 100.00$ 26,000.00 - - 26,000.00

898,219,856.35 - - 898,219,856.35 93,354,582.32 - - 93,354,582.32 20,480,383.45 - - 20,480,383.45

620,991.13 - - 620,991.13 4,190,518.63 - - 4,190,518.63

34,133.66 - - 34,133.66 - - - -

1,525,801.17 - - 1,525,801.17 17,843.64 - - 17,843.64

52,258,835.94 - - 52,258,835.94 1,070,729,046.29 - - 1,070,729,046.29

571,334,001.84 - - 571,334,001.84 1,472,022,570.67 - - 1,472,022,570.67

- 1,899,281.85 - 1,899,281.85 - (1,183,397.64) - (1,183,397.64) - 1,434,202.72 - 1,434,202.72 - (1,166,911.09) - (1,166,911.09) - 32,975,032.19 - 32,975,032.19 - (25,244,802.66) - (25,244,802.66)

- 39,275.05 - 39,275.05 - (39,275.05) - (39,275.05)

2,043,356,572.51 8,713,405.37 - 2,052,069,977.88 3,114,085,618.80$ 8,713,405.37$ -$ 3,122,799,024.17$

2,240,633.32$ -$ -$ 2,240,633.32$ 2,269,367.55 - - 2,269,367.55

- - 2,481,326.16 2,481,326.16 170,000.00 - - 170,000.00 253,845.97 - - 253,845.97 904,251.86 - - 904,251.86

- - 73,368,062.61 73,368,062.61 - - 1,555,437.94 1,555,437.94

5,838,098.70 - 77,404,826.71 83,242,925.41

1,645,000.00 - - 1,645,000.00 - - 668,811,381.36 668,811,381.36 - - 987,390.71 987,390.71

1,645,000.00 - 669,798,772.07 671,443,772.07 7,483,098.70 - 747,203,598.78 754,686,697.48

18,371,960.07 - - 18,371,960.07 - - - -

3,088,230,560.03 - - 3,088,230,560.03 3,106,602,520.10 - - 3,106,602,520.10 3,114,085,618.80$

8,713,405.37 8,713,405.37

- (744,660,770.13) (744,660,770.13) - (2,542,828.65) (2,542,828.65)

8,713,405.37$ (747,203,598.78)$ 2,368,112,326.69$

The accompanying notes to the financial statements are an integral part of this statement.

UNAUDITED

5

Texas Water Development Board (580)Exhibit II - Combined Statement of Revenues, Expenditures and ChangesChanges in Fund Balances / Statement of Activities – Governmental FundsFor the Fiscal Year Ended August 31, 2019

Special DebtGeneral Revenue ServiceFunds Funds Funds

(Exhibit A-2) (Exhibit B-2) (Exhibit C-2)REVENUES

Legislative Appropriations:Original Appropriations (GR) 66,462,796.00$ -$ -$ Additional Appropriations (GR) 4,674,810.61 - -

Federal Revenue (PR - Operating or Capital) 7,644,354.64 - - Federal Grant Pass-Through Revenue (GR) 17,843.64 - - License, Fees and Permits (PR) 113,092.93 - - Interest and Other Investment Income (PR) - 52,165,400.84 110,292.48 Net Increase (Decrease) in Fair Value (PR) - 47,412,105.62 - Sales of Goods and Services (PR) 181,077.42 147,270.03 - Other (GR) 10,329,356.84 - -

Total Revenues 89,423,332.08 99,724,776.49 110,292.48

EXPENDITURESSalaries and Wages 15,562,947.12 499,038.60 - Payroll Related Costs 4,979,899.21 250,352.02 - Professional Fees and Services 2,951,233.11 5,208,249.03 - Travel 301,868.50 47,824.90 - Materials and Supplies 982,559.94 451,730.62 - Communication and Utilities 252,725.53 34,444.50 - Repairs and Maintenance 500,969.10 26,011.48 - Rentals and Leases 138,378.44 26,917.50 - Printing and Reproduction 55,535.35 3,614.96 - State Grant Pass-Through Expenditures 474,570.93 868,328.64 - Intergovernmental Payments 9,722,439.54 39,150,198.66 - Public Assistance Payments - 17,795,000.00 - Other Expenditures 326,421.59 23,811.98 - Debt Service:

Principal - - 78,535,041.00 Interest - 134,481.38 34,983,368.39

Capital Outlay 567,135.22 399,445.56 - Depreciation Expense - - -

Total Expenditures/Expenses 36,816,683.58 64,919,449.83 113,518,409.39 Excess (Deficiency) of Revenues Over Expenditures 52,606,648.50 34,805,326.66 (113,408,116.91)

OTHER FINANCING SOURCES (Uses)Bond Issue Proceeds - 54,130,533.75 - Sale of Capital Assets 27,259.11 - - Transfers In 1,659,500.77 695,011,182.41 113,725,017.85 Transfers Out (46,834,214.07) (288,636,894.78) - Legislative Transfers In - - - Legislative Transfers Out - - - Gain (Loss) on Sale of Capital Assets - - -

Total Other Financing Sources (Uses) (45,147,454.19) 460,504,821.38 113,725,017.85

Net Change in Fund Balances/Net Position 7,459,194.31 495,310,148.04 316,900.94

FUND FINANCIAL STATEMENT - FUND BALANCESFund Balances - September 1, 2018 11,251,794.72 2,592,568,014.98 35,496.07

Appropriations Lapsed (339,028.96) - - Fund Balances, August 31, 2019 18,371,960.07$ 3,087,878,163.02$ 352,397.01$

GOVERNMENT-WIDE STATEMENT OF NET POSITION

Net Position / Change in Net Position

Net Position, September 1, 2018

Net Position - Governmental Activities, August 31, 2019

Governmental Fund Types

UNAUDITED

6

Governmental Capital Long-Term Statement Funds Assets Liabilities of Total Adjustments Adjustments Activities

66,462,796.00$ -$ -$ 66,462,796.00$ 4,674,810.61 - - 4,674,810.61 7,644,354.64 - - 7,644,354.64

17,843.64 - - 17,843.64 113,092.93 - - 113,092.93

52,275,693.32 - - 52,275,693.32 47,412,105.62 - - 47,412,105.62

328,347.45 - - 328,347.45 10,329,356.84 - - 10,329,356.84

189,258,401.05 - - 189,258,401.05

16,061,985.72 - 170,409.53 16,232,395.25 5,230,251.23 - - 5,230,251.23 8,159,482.14 - 529,782.75 8,689,264.89

349,693.40 - - 349,693.40 1,434,290.56 - - 1,434,290.56

287,170.03 - - 287,170.03 526,980.58 - - 526,980.58 165,295.94 - - 165,295.94 59,150.31 - - 59,150.31

1,342,899.57 - - 1,342,899.57 48,872,638.20 - - 48,872,638.20 17,795,000.00 - - 17,795,000.00

350,233.57 - - 350,233.57

78,535,041.00 - (78,535,041.00) - 35,117,849.77 - (20,563,140.50) 14,554,709.27

966,580.78 (966,580.78) - - - 1,631,941.38 - 1,631,941.38

215,254,542.80 665,360.60 (98,397,989.22) 117,521,914.18 (25,996,141.75) (665,360.60) 98,397,989.22 71,736,486.87

54,130,533.75 - (54,130,533.75) - 27,259.11 (27,259.11) - -

810,395,701.03 - - 810,395,701.03 (335,471,108.85) - - (335,471,108.85)

- - - - - - - - - 27,259.11 - 27,259.11

529,082,385.04 - (54,130,533.75) 474,951,851.29

503,086,243.29 546,688,338.16

2,603,855,305.77 2,603,855,305.77

(339,028.96) (339,028.96) 3,106,602,520.10$ 3,150,204,614.97$

(665,360.60) 44,267,455.47

9,378,765.97 (791,471,054.25) (782,092,288.28)

8,713,405.37$ (747,203,598.78)$ 2,368,112,326.69$


UNAUDITED

7

Texas Water Development Board (580)Exhibit III - Combined Statement of Net Position - Proprietary FundsAugust 31, 2019

Total Total Enterprise Proprietary

Funds Component Unit(Exhibit F-1) (Exhibit L-1)

ASSETSCurrent Assets:

Cash and Cash EquivalentsCash in State Treasury 111,174,297.05$ -$ Cash in Bank (Note 3) 0.03 - Cash Equivalents (Note 3) 506,630,290.90 -

Short Term Investments (Note 3) 607,342,052.61 52,247.13 Receivables from:

Federal 2,551,254.48 - Interest and Dividends 78,195,434.13 16,068.23

Interfund Receivables (Note 12) 25,497,290.97 - Due from Other Funds 68,058,040.80 - Loans and Contracts 296,103,618.19 381,000.00

Total Current Assets 1,695,552,279.16 449,315.36

Non-Current Assets:Loans and Contracts 10,155,777,092.47 2,668,000.00 Investments (Note 3) 392,387,363.09 48,000.00 Interfund Receivables (Note 12) 270,414,141.46 -

Total Non-Current Assets 10,818,578,597.02 2,716,000.00 Total Assets 12,514,130,876.18$ 3,165,315.36$

LIABILITIESCurrent Liabilities:

Payables from:Accounts Payable 72,448.21$ 345.00$ Interest Payable 91,546,215.82 -

Interfund Payables (Note 12) 25,327,290.97 - Due to Other Funds 69,329,996.00 - Due to Other Agencies 1,945,161.93 - Revenue Bonds Payable (Note 5) 125,319,428.34 - General Obligation Bonds Payable (Note 5) 59,927,617.10 -

Total Current Liabilities 373,468,158.37 345.00

Non-Current Liabilities: (Note 5)Interfund Payable (Note 12) 268,769,141.46 - Revenue Bonds Payable (Note 5) 5,867,218,374.79 - General Obligation Bonds Payable (Note 5) 1,083,503,295.45 -

Total Non-Current Liabilities 7,219,490,811.70 - Total Liabilities 7,592,958,970.07$ 345.00$

NET POSITIONRestricted for:

Other 4,921,171,906.11 - Unrestricted - 3,164,970.36

Total Net Position 4,921,171,906.11$ 3,164,970.36$


UNAUDITED

8

Texas Water Development Board (580)Exhibit IV - Combined Statement of Revenues, Expenses, and Changes in Net Position - Proprietary FundsFor the Fiscal Year Ended August 31, 2019

Total Total Enterprise Proprietary

Funds Component Unit(Exhibit F-2) (Exhibit L-2)

OPERATING REVENUES:Interest and Investment Income (PR - OP Grants/Contributions) 165,243,345.59$ 222,946.18$ Net Increase (Decrease) Fair Market Value (PR - OP Grants/Contributions) 23,726,530.12 - Other Operating Revenue (GR) 9,514,300.00 -

Total Operating Revenues 198,484,175.71 222,946.18

OPERATING EXPENSES:Salaries and Wages 5,404,701.93 - Payroll Related Costs 1,028,742.45 - Professional Fees and Services 8,417,898.80 - Travel 74,084.53 - Materials and Supplies 5,380.09 - Communication and Utilities 23,404.58 - Repairs and Maintenance 75.31 - Rentals and Leases 57,400.58 - Printing and Reproduction 10,263.46 - Bad Debt Expense - - Interest 278,679,546.18 - Other Operating Expenses 211,893.54 4,840.96

Total Operating Expenses 293,913,391.45 4,840.96 Operating Income (Loss) (95,429,215.74) 218,105.22

NONOPERATING REVENUES (EXPENSES):Federal Revenue (PR - Grants/Contributions) 154,487,230.44 - Federal Grant Pass-Through Revenue (Expense) (PR - Grants/Contributions) (9,656,776.67) - Other Benefit Payments (PR - Grants/Contributions) (5,022,485.00) (10,310,819.01) Net Increase (Decrease) in Fair Value (GR) - - Other Intergovernmental Payments (19,143,232.00) - Other Nonoperating Revenue (Expenses) (26,000,295.00) -

Total Nonoperating Revenue (Expenses) 94,664,441.77 (10,310,819.01)

(764,773.97) (10,092,713.79)

OTHER REVENUES, EXPENSES, GAINS/LOSSES AND TRANSFERS:

Transfers In 270,973,523.49 - Transfers Out (56,403,198.77) -

214,570,324.72 -

Change in Net Position 213,805,550.75 (10,092,713.79)

Total Net Position - Beginning 4,707,366,355.36 13,257,684.15

Total Net Position, August 31, 2019 4,921,171,906.11$ 3,164,970.36$


Income/(Loss) Before Other Revenues, Expenses, Gains/Losses and Transfers

Total Other Revenue, Expenses, Gain/Losses and Transfers

UNAUDITED

9

Texas Water Development Board (580)Exhibit V - Combined Statement of Cash Flows – Proprietary FundsFor the Fiscal Year Ended August 31, 2019

Total

EnterpriseFunds

(Exhibit F-3)CASH FLOWS FROM OPERATING ACTIVITIES

Proceeds from Other Revenues -$ Payments to Suppliers for Goods and Services (363,117.75) Payments to Employees (6,172,761.05)

Net Cash Provided by Operating Activities (6,535,878.80)

CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIESProceeds from Debt Issuance 2,116,000,238.15 Proceeds from State Appropriations 2,336,171.00 Proceeds from Transfers from Other Funds 2,392,465,448.71 Proceeds from Grant Receipts 154,348,798.57 Proceeds from Interfund Payables 8,332,737.79 Proceeds from Other Financing Activities 212,187,608.69 Payments of Principal on Debt Issuance (372,206,004.65) Payments of Interest (277,034,573.19) Payments of Other Costs of Debt Issuance (1,976,194.93) Payments for Transfers to Other Funds (2,179,540,294.96) Payments for Grant Disbursements (60,005,223.09) Payment for Interfund Receivables (8,167,737.79) Payments for Other Uses (45,763.28)

Net Cash Provided by Noncapital Financing Activities 1,986,695,211.02

CASH FLOWS FROM INVESTING ACTIVITIESProceeds from Interest and Investment Income 1,063,785,249.34 Proceeds from Principal Payments on Non-program Loans 813,882,465.32 Payments for Non-Program Loans Provided (3,688,528,598.33)

Net Cash Provided by Investing Activities (1,810,860,883.67)

Net (Decrease) in Cash and Cash Equivalents 169,298,448.55

Cash and Cash Equivalents--September 1, 2018 449,280,304.65 Cash and Cash Equivalents--August 31, 2019 618,578,753.20$


UNAUDITED

10

Texas Water Development Board (580)Exhibit V - Combined Statement of Cash Flows -

Proprietary Funds (continued)For the Fiscal Year Ended August 31, 2019

Total Enterprise

Funds(Exhibit F-3)

Reconciliation of Operating Income to Net Cash Provided by Operating Activities

Operating Income (Loss) (95,429,215.74)$

Adjustments to Reconcile Operating Income to Net Cash Provided by Operating Activities

Amortization and Depreciation - Bad Debt Expense - Operating Income and Cash Flow Categories:

Classification Differences - Changes in Assets and Liabilities:

(Increase) Decrease in Receivables 130,292,477.38 (Increase) Decrease in Due From Other Funds 64,595,377.10 (Increase) Decrease in Loans & Contracts (1,704,754,119.22) (Increase) Decrease in Other Assets 209,235,785.70 Increase (Decrease) in Payables (25,336,042.20) (Increase) Decrease in Deposits (286,875,397.30) Increase (Decrease) in Unearned Revenues (64,853,132.74) Increase (Decrease) in Other Liabilities 1,766,588,388.22

Total Adjustments 88,893,336.94 Net Cash Provided by Operating Activities (6,535,878.80)$

Non Cash TransactionsNet Increase (Decrease) in Fair Value of Investments 23,726,530.12

UNAUDITED


11

Texas Water Development Board (580)Exhibit VI - Combined Statement of Net Position – Fiduciary FundsAugust 31, 2019

AgencyFunds

(Exhibit J-1) TotalsASSETS


Cash in State Treasury 1,313.16$ 1,313.16$ Total Current Assets 1,313.16 1,313.16

Total Assets 1,313.16$ 1,313.16$


Funds Held for Others 1,313.16$ 1,313.16$ Total Current Liabilities 1,313.16 1,313.16

Total Liabilities 1,313.16$ 1,313.16$

NET POSITIONHeld in trust for:

Individuals, Organizations, and Other Governments:Expendable - - Non-Expendable - -

Total Net Position -$ -$


UNAUDITED

12

NotesTo TheFinancialStatements

UNAUDITED


Notes to the Financial Statements

NOTE 1: Summary of Significant Accounting Policies

Entity The accompanying financial statements reflect the financial position of the Texas Water Development Board (TWDB). TWDB is an agency of the state of Texas and its financial records comply with state statutes and regulations. This includes compliance with the Texas Comptroller of Public Accounts’ Reporting Requirements of State Agencies and Universities. The TWDB was created as an agency of the state in 1957, when the voters of the state approved an amendment adding Section 49-c to Article 3 of the Texas Constitution. The TWDB is primarily responsible for administering state and federally funded financing programs for water-related projects, water resource planning, data collection, and studies related to the surface and ground water resources of Texas. The Texas Water Resources Finance Authority (TWRFA) is reported as a discrete component unit. TWRFA is legally separate from but has a relationship with the state such that exclusion would cause the financial statements to be misleading or incomplete. See Note 19 for more information. Due to the statewide requirements embedded in Governmental Accounting Standards Board (GASB) Statement No. 34, Basic Financial Statements – and Management’s Discussion and Analysis – for State and Local Governments, the Comptroller of Public Accounts does not require the accompanying annual financial report to comply with all the requirements in this statement. The financial report will be considered for audit by the State Auditor as part of the audit of the State of Texas Comprehensive Annual Financial Report; therefore, an opinion has not been expressed on the financial statements and related information contained in this report.

Fund Structure TWDB uses funds to report its financial position and the results of its operations. A fund is a separate accounting entity with a self-balancing set of accounts. TWDB is granted appropriations based on appropriated funds. For operational and statutory reasons, TWDB reports several lower level funds that are presented as part of the indicated appropriated fund. The accompanying financial statements are presented on the basis of funds, each of which is considered a separate accounting entity.

Governmental Fund Types and Government-wide Adjustment Funds

Governmental funds focus on the sources and uses of funds. Included in the governmental fund financial statements are general, special revenue and debt service. The general fund is used to account for agency operations funded by legislative appropriations. Special revenue funds account for specific revenue sources that are

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restricted or committed for specific purposes other than debt service or capital projects. Debt service funds are used to account for financial resources that are restricted, committed or assigned to expenditure for principal and interest.

TWDB reports the following governmental funds:

General and Consolidated Funds · General Revenue Fund (Appropriated Fund 0001) – used to account for all

financial resources of the state except those required to be accounted for inanother fund.

· Disaster Contingency Account (Appropriated GR Account 0453) – used toprovide funding to state agencies, local governments or other agencies foremergency disaster management in accordance with the Texas Disaster Act1975.

Special Revenue Funds · Texas Infrastructure Resiliency Fund (Appropriated Fund 0175) – used for flood

projects. Fund may be invested and any earnings are deposited to the fund.· Water Infrastructure Fund (Appropriated Fund 0302) – reports the activity of the

water infrastructure fund program including loans made under the program andcosts of administering the program.

· Floodplain Management Fund (Appropriated Fund 0330) – reports flood relatedactivities including the collection and analysis of flood-related information, floodplanning, protection, mitigation, and outreach programs.

· Economically Distressed Areas Clearance Fund (Appropriated Fund 0356) –holds balances during the year that are to be transferred to the interest andsinking fund to pay debt services.

· Agricultural Water Conservation Fund (Appropriated Fund 0358) – holds bondproceeds and activity of grants to other state agencies for agricultural waterconservation projects.

· State Water Implementation Fund (Appropriated Fund 0361) – holds balancestransferred from state economic stabilization fund and invested for financing thestate water plan.

· Texas Water Development Fund II (Appropriated Fund 0371) – holds proceedsfrom sale of bonds for the non-self-supporting economically distressed areasprogram. Reports loans, grants and costs to administer the program.

· Water Assistance Fund (Appropriated Fund 0480) – receives moniesappropriated for use or aid of water development, water conservation, waterquality enhancement or flood control. Money is transferred to the Loan Fund(0481), Storage Acquisition Fund (0482), and Research/Planning Fund (0483) forspecific purposes.

· Water Loan Assistance Fund (Appropriated Fund 0481) – reports loans topolitical subdivisions for construction, acquisition, improvement or enlargement ofprojects.

· Storage Acquisition Fund (Appropriated Fund 0482) – reports loans outstandingrelated to financing of water storage projects.

· Research and Planning Fund (Appropriated Fund 0483) – reports assistanceprovided to perform research relating to the conservation and development of thestate’s water resources, flood control plans and stream flow data.

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UNAUDITED Texas Water Development Board (580) Debt Service Funds These funds receive transfers from the program funds to pay debt service on outstanding bonds. TWDB reports the following funds or accounts as debt service funds.

· Water Infrastructure Fund (Appropriated Fund 0302, Account 3022) · Economically Distressed Areas Clearance Fund (Appropriated Fund 0357)

Government-wide Adjustment Funds

TWDB uses government-wide adjustment fund types to adjust fund financial statement balances from the modified accrual basis to the accrual basis. Adjustments are recorded to capital assets and long-term liabilities adjustment funds.

Proprietary Fund Type

Proprietary funds focus on determining operating income, changes in financial position and cash flows. Generally accepted accounting principles similar to those used by private sector businesses are applied in accounting for these funds. Enterprise funds may be used to report any activity for which a fee is charged to external users for goods or services. TWDB reports the following enterprise funds.

· Rural Water Assistance Fund (Appropriated Fund 0301) – provides financial assistance to rural political subdivisions for water projects.

· Agricultural Water Conservation Fund (Appropriated Fund 0358) – holds bond proceeds and activity of loans for agricultural water conservation projects.

· Texas Water Development Fund II Clearance Fund (Appropriated Fund 0370) - holds balances during the year that are to be transferred to the interest and sinking fund to pay debt service.

· Texas Water Development Fund II (Appropriated Fund 0371) – holds proceeds from sale of bonds for the self-supporting general obligation bonds. Reports loans, grants and costs to administer the Development Fund and State Participation programs.

· Texas Water Development Fund II Interest and Sinking Fund (Appropriated Fund 0372) – receives transfers from the program fund and clearance fund for payment of debt service on outstanding bonds.

· State Revolving Funds (Appropriated Fund 9999) – local funds held outside the treasury for purposes of the following federally supported programs:

o State Water Implementation Revenue Fund (Account 0362) o Clean Water State Revolving Fund (Account 0651) o Drinking Water State Revolving Fund (Account 0951)

Fiduciary Fund Type Fiduciary funds account for assets held by the state in a trustee capacity or as an agent for individuals, private organizations, other governmental units, and/or other funds. Agency funds are used to account for assets the government holds on behalf of others in a purely custodial capacity. Agency Funds have no equity. Assets equal liabilities and

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do not include revenues or expenditures. The agency fund reported by TWDB is the Child Support Employee Deductions account.

Component Units The Texas Water Resources Finance Authority is reported as a discretely presented proprietary component unit in the financial statements.

Basis of Accounting The basis of accounting determines when revenues and expenditures or expenses are recognized in the accounts reported in the financial statements. The accounting and financial reporting treatment applied to a fund is determined by its measurement focus. Governmental fund types that build the fund financial statements are accounted for using the modified accrual basis of accounting. Under the modified accrual basis, revenues are recognized in the period in which they become both measurable and available to finance operations of the fiscal year or liquidate liabilities existing at fiscal year-end. For this purpose, revenues are considered available if they are collected within 60 days of the end of the current fiscal year. Expenditures are generally recognized when the related fund liability is incurred. However, principal and interest on bonds is recorded only when due. Compensated absences and claims and judgments are recorded when they are expected to be liquidated with expendable available financial resources. Capital asset acquisitions are reported as expenditures in governmental funds. Proceeds of long-term debt are reported as other financing sources. Governmental adjustment fund types are used to build the government-wide financial statements and are accounted for using the accrual method of accounting. Proprietary funds are accounted for on the accrual basis of accounting. Under the accrual basis of accounting, revenues are recognized when earned and expenses are recognized at the time liabilities are incurred. Proprietary funds distinguish operating from non-operating items. Operating revenues and expenses result from providing services or producing and delivering goods in connection with the proprietary fund’s principal ongoing operations. Operating expenses for the enterprise funds include the cost of sales and services, administrative expenses, and depreciation on capital assets.

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UNAUDITED Texas Water Development Board (580) Net Position and Fund Balances When both restricted and unrestricted resources are available for use, restricted resources are used first, then unrestricted resources are used as they are needed.

Budget and Budgetary Accounting

TWDB’s budget is prepared on a performance-based concept and is represented by biennial appropriations authorized by the Legislature and approved by the governor. Much of the activity included in this report is not appropriated through the budget process.

Assets, Liabilities, and Fund Balances / Net Position

Assets

Cash and Cash Equivalents Cash held in the state treasury and any short-term highly liquid investments with an original maturity of three months or less. Investments Amounts invested related to programs of the TWDB. Investments are reported at fair value. See Note 3 for more information on investments. Interest and Dividends Receivable Accrued interest receivable on loans and contracts as of the balance sheet date is included in the proprietary funds. For governmental funds, interest due as of the balance sheet date is only accrued if it is expected to be received within the next 60 days. Notes / Loans and Contracts Receivable Although collateralized by bonds of the receiving entity, loans made to political subdivisions are presented as Notes/Loans and Contracts Receivable at par. The portion due within the next year is shown separately as a current asset with the remainder as noncurrent. See Schedule 6 for a detailed listing of all outstanding loans and contracts receivable by program. Restricted Assets Restricted assets include monies or other resources restricted by legal or contractual requirements. These assets include proceeds of enterprise fund general obligation and revenue bonds and revenues set aside for statutory or contractual requirements Capital Assets Capital assets are assets with a cost above a set minimum capitalization threshold that, when acquired, have an estimated useful life of more than one year. The capitalization thresholds and useful lives of TWDB’s capital assets are as follows.

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All capital assets acquired by TWDB are capitalized at cost or estimated historical cost if actual historical cost is not available. Donated capital assets are recorded at estimated fair value at the date of donation. Assets are depreciated over the estimated useful life of the asset using the straight-line method. See Note 2 for details on TWDB’s capital asset activity for fiscal 2019.

Liabilities

Accounts Payable Accounts payable represents the liability for the value of assets or services received at the balance sheet date for which payment is pending. Payroll Payable Government Code §659.083 requires state agencies to pay state employees on the first working day of the month following the pay period. Consequently, the reporting of payroll at August 31 is presented as Payroll Payable. Employees' Compensable Leave Balances Employees' compensable leave balances represent the liability that becomes “due” upon the occurrence of relevant events such as resignations, retirements, and uses of leave balances by covered employees. Liabilities are reported separately as either current or noncurrent in the statement of net position. Bonds Payable – General Obligation Bonds The unmatured principal of general obligation bonds is accounted for as a liability in the proprietary funds and in the Long-term Liabilities adjustments fund. Bonds Payable are reported separately as either current – the amount due within the next year – or noncurrent. Bonds payable are recorded at par, plus unamortized premium. For governmental funds, the bond proceeds are accounted for as an "Other Financing Source" when received, and expenditures for payment of principal and interest are recorded in Debt Service funds when paid. These amounts are adjusted in the Long-term Liabilities adjustments fund. General obligation bonds reported in the proprietary funds follow the same accounting as for revenue bonds. Bonds Payable – Revenue Bonds Revenue bonds are generally accounted for in proprietary funds. The bonds payable are reported at par less unamortized discount or plus unamortized premium. Interest expense is reported on the accrual basis, with amortization of discount or premium. Bonds Payable are reported separately as either current –

Capitalization Thresholds by Class of Asset

Classification Capitalization

Threshold Estimated Useful Life

Buildings and Building Improvements $ 100,000 5-30 yearsFacilities and Other Improvements 100,000 10-69 yearsFurniture and Equipment 5,000 3-15 yearsVehicles, Boats and Aircraft 5,000 5-40 yearsInternally Generated Computer Software 1,000,000 3-10 yearsOther Computer Software 100,000 3-10 years

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the amount due within the next year – or noncurrent in the statement of net position.

Fund Balance / Net Position

"Fund balance" is the difference between assets plus deferred outflows of resources and liabilities plus deferred inflows of resources on the governmental fund statements. "Net position" is the difference between assets plus deferred outflows of resources and liabilities plus deferred inflows of resources on the government-wide, proprietary, and fiduciary fund statements. Fund Balance Components Fund balances for governmental funds are classified as restricted, committed, or unassigned in the fund financial statements.

· Restricted fund balance includes those resources that have constraints placed on their use through external parties — such as creditors, grantors, contributors, laws or regulations of other governments — or by law through constitutional provisions or enabling legislation.

· Committed fund balance can be used only for specific purposes pursuant to constraints imposed through legislation passed into law by a formal action of the Texas Legislature, the state’s highest level of decision making authority.

· Unassigned fund balance is the residual classification for the general fund. This classification represents fund balance that was not assigned to other funds and was not restricted, committed or assigned to specific purposes within the general fund.

Net Position Components

The potential categories for net position include

· Net Invested In Capital Assets - capital assets, net of accumulated depreciation and reduced by outstanding balances for bond, notes, and other debt that are attributed to the acquisition, construction, or improvement of those assets.

· Restricted net position – restricted assets reduced by liabilities and deferred inflows or resources related to those assets. Assets are restricted when constraints placed on net resources are either externally imposed by creditors, grantors, contributors, and the like, or imposed by law through constitutional provisions or enabling legislation.

· Unrestricted net position - net resources that do not meet the definition of the two preceding categories. Unrestricted net position often has constraints on resources that are imposed by management but can be removed or modified. Also includes any deficit amounts of net position.

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Interfund Activities and Balances The agency has the following types of transactions among funds: (1) Transfers: Legally required transfers that are reported when incurred as

‘Transfers In’ by the recipient fund and as ‘Transfers Out’ by the disbursing fund.(2) Reimbursements: repayments from funds responsible for expenditures or

expenses to funds that made the actual payment. Reimbursements ofexpenditures made by one fund for another that are recorded as expenditures inthe reimbursing fund and as a reduction of expenditures in the reimbursed fund.Reimbursements are not displayed in the financial statements.

(3) Interfund receivables and payables: Interfund loans are reported as Interfundreceivables and payables. If repayment is due during the current year or soonthereafter it is classified as “Current”, repayment for two (or more) years isclassified as “Non-Current”.

See Note 12 for details of the TWDB’s interfund activity and transactions.

Statement of Cash Flows

Cash Flows from Investing Activities

Non-program Loans The loans that the TWDB makes to entities such as cities, counties, and other political subdivisions do not meet the criteria for inclusion as Cash Flows from Operating Activities on the Statement of Cash Flows. The loans made by the TWDB are referred to on the Statement of Cash Flows as “non-program” loans to distinguish them from loans made to individuals, and their cash flows are included as Cash Flows from Investing Activities. Classification Differences Although the primary operation of the TWDB’s enterprise funds is the borrowing and lending of money for water related projects, the major components of the Operating Income or Loss on the Statement of Revenues, Expenses, and Changes in Fund Net Position are classified on the Statement of Cash Flows as either Cash Flows from Investing Activities (Interest and Investment Income) or Cash Flows from Noncapital Financing Activities (Interest Expense).

NOTE 2: Capital Assets

Twenty-five percent of revenue received during fiscal year 2019 from the sale of surplus property originally purchased from general revenue has been re-appropriated for expenditures in accordance with the 85th Legislature, Regular Session, House Bill 1, Article IX, Section 8.03.

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UNAUDITED Texas Water Development Board (580) A summary of changes in Capital Assets for the year ended August 31, 2019, is presented below:

NOTE 3: Deposits, Investments and Repurchase Agreements

The agency is authorized by statute to make investments, and does so in accordance with Chapter 365 of the Texas Water Development Board rules. There were no violations of legal provisions during the period. Deposits of Cash in Bank As of August 31, 2019, the carrying amount of deposits was $26,000.03 as presented below.

Governmental and Business-Type Activities Amount Cash in Bank – Carrying Value $26,000.03 Cash in Bank per AFR $26,000.03 Governmental Funds Current Assets Cash in Bank $26,000.03 Cash in Bank per AFR $26,000.03

Balance 09/01/2018 Additions Deletions

Balance 08/31/2019

Governmental Activities:Depreciable Assets:

Furniture and Equipment 1,695,958.50$ 218,258.85$ (14,935.50)$ 1,899,281.85$ Vehicles, Boats & Aircraft 1,499,506.76 61,236.19 (126,540.23) 1,434,202.72 Other Capital Assets 32,287,946.45 687,085.74 - 32,975,032.19

Total Depreciable Assets 35,483,411.71$ 966,580.78$ (141,475.73)$ 36,308,516.76$

Less Accumulated Depreciation for:Furniture and Equipment (1,035,220.49) (163,112.65) 14,935.50 (1,183,397.64) Vehicles, Boats & Aircraft (1,217,668.87) (75,782.45) 126,540.23 (1,166,911.09) Other Capital Assets (23,851,756.38) (1,393,046.28) (25,244,802.66)

Total Accumulated Depreciation (26,104,645.74)$ (1,631,941.38)$ 141,475.73$ (27,595,111.39)$ Depreciable Assets, Net 9,378,765.97$ (665,360.60)$ -$ 8,713,405.37$

Amortizable Assets - Intangible:Intangible Computer Software 45,225.05 - (5,950.00) 39,275.05

Total Amortizable Assets - Intangible 45,225.05$ -$ (5,950.00)$ 39,275.05$ Less Accumulated Amortization for:

Intangible Computer Software (45,225.05) - 5,950.00 (39,275.05) Total Accumulated Amortization (45,225.05)$ -$ 5,950.00$ (39,275.05)$

Amortizable Assets - Intangible, Net - - - -

Governmental Activities Capital Assets, Net 9,378,765.97$ (665,360.60)$ -$ 8,713,405.37$

PRIMARY GOVERNMENT

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This amount consists of cash in local banks. This amount is included on the Combined Statement of Net Assets as part of the “Cash and Cash Equivalents” account.

As of August 31, 2019, the total bank balance was as follows:

Governmental and Business Type Activities $26,000.03 Fiduciary

Funds $ - 0 - Discrete Component Units $ - 0 -

Custodial credit risk for deposits is the risk that, in the event of the failure of a depository financial institution, the agency will not be able to recover deposits or will not be able to recover collateral securities that are in the possession of an outside party. The agency has a policy requiring collateralization limited to obligations of the U.S. or U.S. government agencies held in the name of the agency. As of August 31, 2019, bank balances were not exposed to custodial credit risk.

Investments

As of August 31, 2019, the fair value of investments is as presented below.

Government and Business-Type Activities Fair Value Hierarchy Total

Level 1 Level 2 Level 3 INVESTMENTS AT FAIR VALUE Commercial Paper (Texas Treasury Safekeeping Trust Co) $ 610,078,175.08 $ - $ - $ 610,078,175.08U.S. Government Agency Obligations (Texas Treas. Safekeeping Trust Co) 256,669,470.00 256,669,470.00 U.S. Government Agency Obligations 469,653,931.65 469,653,931.65 Total Investment at Fair Value $1,336,401,576.73 $ - $ - $ 1.336,401,576.73

INVESTMENTS AT NAV Equities $ 559,333,655.70 Fixed Income 254,990,689.13 Real Estate 284,010,613.44

Other Commingled Funds (TTSTC) 150,352,850.59 Total Investment at NAV $ 1,248,687,808.86 INVESTMENTS AT AMORTIZED COST Repurchase Agreement (Texas Treasury Safekeeping Trust Co) $ 486,647,474.00 Total Investment at Amortize Cost $ 486,647,474.00 Total Investments-Gov't & Business Type $ 3,071,736,859.59

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Discrete Component Units Fair Value Hierarchy Total Level 1 Level 2 Level 3 INVESTMENTS AT FAIR VALUE U.S. Treasury Securities (SLGS) $ 48,000.00 $ - $ - $ 48,000.00 Total Investment at Fair Value $ 48,000.00 $ - $ - $ 48,000.00 INVESTMENTS AT AMORTIZE COST Repurchase Agreement (Texas Treasury Safekeeping Trust Co) $ 52,247.13 Total Investment at Amortize Cost $ 52,247.13

Total Investments-Discrete Component Units $ 100,247.13

The investments measured at NAV as of August 31, 2019 are presented below:

Investment Reported at Net Asset Value (NAV)

Fair Value Redemption Frequency

Redemption Notice Period

Unfunded Commitment

INVESTMENT TYPE

Hedge Funds $712,890,807.35 Daily - Annually 2 - 120 days $0.00

Private Equity 251,786,388.07 N/A N/A 259,231,251.64

Real Estate 284,010,613.44 N/A N/A 32,345,040.34

Total Investments at NAV $1,248,687,808.86 $291,576,291.98

Custodial credit risk for investments is the risk that, in the event of the failure of the counterparty, the agency will not be able to recover the value of its investments or collateral security that are in the possession of an outside party. The agency will only make payment for and accept delivery of securities on a delivery versus payment basis, and securities are held in the name of the agency. As of August 31, 2019, investments were not exposed to custodial credit risk.

Credit risk is the risk that an issuer or other counterparty to an investment will not fulfill its obligations. As required by the agency’s investment policy, investments purchased must be rated as to investment quality by a nationally recognized investment rating firm with a minimum of an ‘A’ rating. Furthermore, our investment policy requires that repurchase agreements be collateralized by obligations of the U.S. Government or U.S. Government Agencies. As of August 31, 2019, the agency’s credit quality distribution of securities and repurchase agreements with credit risk exposure was as follows.

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Standard and Poor’s Fund Type

GAAP Fund Investment Type Amount Rating

02 0361 Externally Managed Investments $ 1,056,486,284.73 Not Rated

02 0361 Externally Managed Investments $ 93,354,582.32 AAA

02 0361 Fixed Income $ 415,536,285.94 Not Rated

05 3050 Commercial Paper (Texas Treasury Safekeeping Trust Co) $ 144,213,585.41 A1+

05 3050 Commercial Paper (Texas Treasury Safekeeping Trust Co) $ 149,175,245.54 A1

05 3050 Repurchase Agreement (Texas Treasury Safekeeping Trust Co) $ 486,647,474.00 Not Rated

05 3050 U.S. Government Agency Obligations (Texas Treasury Safekeeping Trust Co) $ 256,669,470.00 Not Rated

05 3050 U.S. Government Agency Obligations $ 469,653,931.65 Not Rated

15 3153 U.S. Treasury Securities (SLGS) $ 48,000.00 Not Rated

15 3153 Repurchase Agreement (Texas Treasury Safekeeping Trust Co) $ 52,247.13 Not Rated

NOTE 4: Short-Term Debt

Not Applicable

NOTE 5: Long-Term Liabilities

Changes in Long-Term Liabilities

During the year ended August 31, 2019, the following changes occurred in long-term liabilities:

Governmental Activities

Balance 09-01-18 Additions Reductions

Balance 08-31-19

Amounts Due Within One Year

Amounts Due Thereafter

General Obligation Bonds Payable $786,336,702.61 310,674,845.67 354,832,104.31 742,179,443.97 73,368,062.61 668,811,381.36

Employees Compensable Leave 2,372,419.12 5,437,303.84 5,266,894.31 2,542,828.65 1,555,437.94 987,390.71

Total Governmental Activities $788,709,121.73 $316,112,149.51 $360,098,998.62 $744,722,272.62 $74,923,500.55 $669,798,772.07

Business-Type Activities

Balance 09-01-18 Additions Reductions

Balance 08-31-19

Amounts Due Within One Year

Amounts Due Thereafter

General Obligation Bonds Payable $1,422,002,468.75 337,637,719.84 616,209,276.04 1,143,430,912.55 59,927,617.10 1,083,503,295.45

Revenue Bonds Payable 3,967,368,011.54 2,025,169,791.60 .01 5,992,537,803.13 125,319,428.34 5,867,218,374.79

Total Business-Type Activities $5,389,370,480.29 $2,362,807,511.44 $616,209,276.05 $7,135,968,715.68 $185,247,045.44 $6,950,721,670.24

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UNAUDITED Texas Water Development Board (580) Employees’ Compensable Leave A state employee is entitled to be paid for all unused vacation time accrued in the event of the employee's resignation, dismissal, or separation from state employment, provided the employee has had continuous employment with the state for six months. Expenditures for accumulated annual leave balances are recognized in the period paid or taken in governmental fund types. For these fund types, the liability for unpaid benefits is recorded in the statement of net position. Both an expense and liability for business-type activities are recorded in the proprietary funds as the benefits accrue to employees. No liability is recorded for non-vesting employees accumulating rights to receive sick pay benefits. This obligation is usually paid from the same funding source(s) from which the employee’s salary or wage compensation was paid.

NOTE 6: Bonded Indebtedness

As discussed more fully in the sections that follow, the TWDB is authorized through various statutory and constitutional provisions to issue general obligation and revenue bonds and private activity bonds. As of August, 31, 2019, the TWDB had 54 bond issues (including sub-series) outstanding. Additional detailed supplemental bond information is disclosed in Schedules 2A – 2F.

Miscellaneous Bond Information (Amounts in Thousands) Maturities

Description of Issue

Bonds Issued to

Date

Date Issued

Range of Interest Rates

First Year

Last Year

First Call Date

Governmental Activities General Obligation Bonds - Non-Self Supporting ECONOMICALLY DISTRESSED AREAS PROGRAM

W Fin Asst Bds Ser '09F 24,540,000 12/15/2009 2.000% 5.000% 2010 2026 08/01/2019 W Fin Asst Bds Ser '10D 32,350,000 11/02/2010 3.000% 4.000% 2011 2026 08/01/2020 W Fin Asst Bds Ser '12B 14,955,000 02/07/2012 2.000% 5.000% 2012 2031 08/01/2021 W Fin Asst Ref Bds Tax Ser '12D 15,725,000 05/30/2012 0.250% 1.906% 2012 2019 N/A W Fin Asst Bds Ser '12F 29,385,000 09/05/2012 1.625% 5.000% 2013 2032 08/01/2022 W Fin Asst Ref Bds Tax Ser '13E 15,095,000 12/19/2013 0.220% 3.682% 2014 2024 08/01/2022 W Fin Asst Ref Bds Tax Ser '15-C1 7,365,000 02/05/2015 0.180% 2.571% 2015 2023 N/A W Fin Asst Ref Bds Ser '15-C2 9,550,000 02/05/2015 3.000% 4.000% 2015 2029 08/01/2023 W Fin Asst Bds Ser '15E 43,715,000 06/18/2015 2.000% 5.000% 2015 2035 08/01/2025 W Fin Asst Bds Ser '16A 45,735,000 04/19/2016 2.000% 5.000% 2016 2035 08/01/2025 W Fin Asst Ref Bds Ser '16-C1 28,815,000 07/14/2016 4.000% 5.000% 2017 2025 N/A W Fin Asst Ref Bds Tax Ser '16-C2 1,310,000 07/14/2016 0.718% 2.165% 2017 2024 N/A W Fin Asst Ref Bds Ser '17B 13,520,000 06/20/2017 4.000% 5.000% 2018 2032 08/01/2027 W Fin Asst Bds Ser '19A 41,325,000 02/20/2019 3.000% 5.000% 2019 2038 08/01/2028 W Fin Asst Bds Tax Ser '19B 8,821,000 02/20/2019 2.600% 3.250% 2019 2023 N/A W Fin Asst Ref Bds Ser '19F 7,355,000 06/20/2019 5.000% 5.000% 2020 2025 N/A WATER INFRASTUCTURE FUND

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W Fin Asst Bds Ser '09E 101,400,000 12/15/2009 2.000% 5.000% 2010 2029 08/01/2019 W Fin Asst Bds Ser '10B 143,225,000 05/11/2010 4.000% 5.000% 2011 2030 08/01/2019 W Fin Asst Bds Ser '11A 129,540,000 06/14/2011 1.000% 5.000% 2011 2030 08/01/2021 W Fin Asst Bds Ser '12A 39,930,000 02/07/2012 2.000% 5.000% 2012 2031 08/01/2021 W Fin Asst Bds Ser '13A 42,470,000 02/12/2013 1.000% 5.000% 2013 2032 08/01/2022 W Fin Asst Ref Bds Ser '19E-1 42,600,000 06/20/2019 5.000% 5.000% 2020 2022 N/A W Fin Asst Ref Bds Ser '19E-2 79,390,000 06/20/2019 2.250% 2.250% 2023 2029 08/01/2020 General Obligation Bonds - Self Supporting WATER INFRASTUCTURE FUND W Fin Asst Ref Bds Ser '18B-1 48,000,000 08/02/2018 5.000% 5.000% 2022 2027 08/01/2021 W Fin Asst Ref Bds Ser '18B-2 48,000,000 08/02/2018 5.000% 5.000% 2025 2028 08/01/2024 W Fin Asst Ref Bds Ser '18B-3 142,895,000 08/02/2018 5.000% 5.000% 2019 2027 N/A Business-Type Activities General Obligation Bonds - Self-Supporting STATE PARTICIPATION PROGRAM W Dev Ref Bds Ser '09-D 49,775,000 06/30/2009 4.000% 5.000% 2020 2035 08/01/2019 W Fin Asst Bds Ser '10C 42,280,000 05/11/2010 2.000% 5.000% 2010 2030 08/01/2019 W Fin Asst Ref Bds Tax Ser '12E 22,215,000 05/30/2012 2.656% 4.058% 2021 2035 08/01/2022 W Fin Asst Ref Bds Tax Ser '13D 20,000,000 12/19/2013 0.225% 4.847% 2014 2035 08/01/2022 W Fin Asst Ref Bds Ser '16D 11,550,000 07/14/2016 5.000% 5.000% 2023 2035 08/01/2022 W Fin Asst Ref Bds Ser '19D 21,320,000 06/20/2019 5.000% 5.000% 2020 2030 08/01/2026 WATER DEVELOPMENT FUND W Dev Bds Ser '09-C-1 225,385,000 06/30/2009 3.000% 5.000% 2010 2039 08/01/2019 W Dev Ref Bds Ser '09-C-2 57,260,000 06/30/2009 2.000% 5.000% 2010 2023 08/01/2019 W Fin Asst Bds Ser '10A 20,270,000 04/13/2010 1.750% 4.250% 2011 2030 08/01/2019 W Fin Asst Bds Ser '11B 92,255,000 10/04/2011 2.000% 5.000% 2012 2031 08/01/2021 W Fin Asst Bds Ser '12C 149,645,000 04/10/2012 2.000% 5.000% 2014 2038 08/01/2021 W Fin Asst Bds Ser '12G 156,065,000 10/02/2012 2.000% 5.000% 2013 2041 08/01/2022 W Fin Asst Bds Ser '13B 56,515,000 08/01/2013 4.000% 5.000% 2014 2033 08/01/2023 W Fin Asst Ref Bds Ser '13C 32,215,000 08/01/2013 3.000% 5.000% 2014 2021 N/A W Fin Asst Ref Bds Tax Ser '13G 73,465,000 12/19/2013 0.857% 3.726% 2014 2035 08/01/2022 W Fin Asst Ref Bds Tax Ser '15-B1 44,645,000 02/05/2015 0.600% 3.682% 2015 2043 08/01/2023 W Fin Asst Bds Ser '15F 37,790,000 06/18/2015 2.000% 2.000% 2015 2024 N/A W Fin Asst Bds Tax Ser '15G 11,415,000 06/18/2015 0.718% 2.645% 2016 2030 08/01/2024 W Fin Asst Bds Ser '15D 234,795,000 11/24/2015 4.000% 5.000% 2021 2045 05/15/2025 W Fin Asst & Ref Bds Ser '16-B1 58,555,000 07/14/2016 1.380% 3.820% 2017 2045 08/01/2026 W Fin Asst & Ref Bds Ser '16-B2 30,360,000 07/14/2016 4.000% 5.000% 2020 2025 08/01/2017 W Fin Asst & Ref Bds Tax Ser '16-B3 18,950,000 07/14/2016 5.000% 5.000% 2017 2027 08/01/2022 W Fin Asst & Ref Bds Ser '17A 53,815,000 06/20/2017 1.850% 1.850% 2018 2045 08/01/2027 W Fin Asst & Ref Bds Tax Ser '17C 21,535,000 06/20/2017 3.000% 5.000% 2018 2037 08/01/2027 W Fin Asst & Ref Bds Ser '18A 61,280,000 01/25/2018 2.000% 5.000% 2018 2029 08/01/2025 W Fin Asst Ref Bds Ser '19C-1 24,075,000 06/20/2019 1.750% 4.250% 2020 2022 N/A W Fin Asst Ref Bds Ser '19C-2 26,060,000 06/20/2019 2.000% 5.000% 2023 2029 08/01/2020 Revenue Bonds - Self Supporting STATE WATER IMPLEMENTATION REVENUE FUND FOR TEXAS SWIRFT Rev Bds Ser '15A 798,450,000 11/04/2015 2.000% 5.000% 2016 2050 10/15/2025 SWIRFT Rev Bds Tax Ser '15B 11,960,000 11/04/2015 0.450% 4.650% 2016 2050 10/15/2025 SWIRFT Rev Bds Ser '16 600,065,000 10/13/2016 2.000% 5.250% 2017 2051 10/15/2026 SWIRFT Rev Bds Ser '17A 1,046,970,000 10/12/2017 1.500% 5.000% 2018 2052 10/15/2027

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SWIRFT Rev Bds Tax Ser '17B 18,935,000 10/12/2017 1.520% 3.700% 2018 2047 10/15/2027 SWIRFT Rev Bds Ser '18A 832,065,000 05/09/2018 4.000% 5.000% 2018 2048 4/15/2028 SWIRFT Rev Bds Ser '18B 1,672,210,000 10/11/2018 2.000% 5.000% 2019 2053 10/15/2028 SWIRFT Rev Bds Tax Ser '18C 35,590,000 10/11/2018 2.700% 4.340% 2019 2048 10/15/2028 STATE REVOLVING FUND State Revolving Fund Rev Bds New Ser '18 288,395,000 04/26/2018 4.000% 5.000% 2019 2038 08/01/2027

State Revolving Fund Rev Bds New Ser '19 221,005,000 04/24/2019 4.000% 5.000% 2020 2039 08/01/2029

General Obligation Bonds The Texas Constitution authorizes the TWDB to issue general obligation bonds backed by the full faith and credit of the state. The purpose and the sources of debt service for each bond program are summarized below. The TWDB had 44 general obligation bond issues (including sub-series) outstanding as of August 31, 2019. Water Financial Assistance/Development Fund II & Agricultural Water Conservation Texas Constitution Article 3, Sections 46-c, 49-d, 49-d-1, 49-d-2, 49-d-6, 49-d-7, 49-d-8, 49-d-9, 49-d-10, 49-d-11, 50-d, and sections of the Texas Water Code authorize the TWDB to issue general obligation bonds. The Agricultural Water Conservation bond program provides bond proceeds to provide financial assistance to political subdivisions for agricultural water conservation projects. There are currently no bonds outstanding under this program. The Water Financial Assistance Development Fund II (DFUND II) bonds have also been used to make transfers to the Clean Water and Drinking Water State Revolving Funds to provide state matching funds to these federally grant-funded programs, to make transfers to the Water Infrastructure Fund (WIF) and Rural Water Assistance Fund, and to provide funds for loans to political subdivisions issued from the Financial Assistance Account for the Water Development Fund Program (WDF), Economically Distressed Areas Program Account (EDAP), and State Participation Account. General obligation bonds that should not require the use of general revenues for payment of debt service are known as “self-supporting.” The majority of the bonds issued for the DFUND II are designed to be self-supporting through the use of repayments of political subdivision loans to pay debt service. The Constitution and Legislature, however, have permitted bonds associated with the certain programs to not be fully self-supporting. The bonds issued to fund the EDAP are not expected to be fully self-supporting and the bonds issued for WIF have five series (including sub-series) that are not self-supporting. In the event that amounts available in the DFUND II are insufficient to meet debt service requirements, funds are transferred from the State’s general revenue fund. The calculation of the semi-annual transfer from the general revenue fund is based on a comparison between the debt service requirement at each debt service payment date and the assets available in the applicable Interest and Sinking Fund at least 15 days

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prior to such date. The table on the following page provides a summary by fiscal year of transfers from the State’s general revenue fund for debt service by financing program.

History of General Revenue Draws for Debt Service

Fiscal Year WDF WIF

State Participation EDAP

Agricultural Water

Conservation (AG)

Totals

1967-1980 $62,755,444.42 $62,755,444.42

1992 $ 536,964.30 536,964.30 2000 $1,559,449.59 4,982,467.75 6,541,917.34 2001 2,356,397.72 7,710,332.04 10,066,729.76 2002 4,364,318.38 8,943,712.18 13,308,030.56 2003 5,442,061.86 10,951,853.09 $2,643,406.04 19,037,320.99 2004 4,963,793.34 11,418,213.46 2,694,269.72 19,076,276.52 2005 4,547,335.98 12,303,995.48 2,695,729.85 19,547,061.31 2006 2,829,776.78 11,805,869.25 2,690,229.60 17,325,875.63 2007 2,187,770.39 14,604,114.94 2,693,942.32 19,485,827.65 2008 $ 7,694,822.33 800,558.36 12,342,554.08 2,691,131.06 23,529,065.83 2009 20,675,746.74 13,424,552.49 2,693,032.43 36,793,331.66 2010 34,140,156.64 3,090,243.95 18,844,291.30 56,074,691.89 2011 34,527,167.49 18,658,462.79 53,185,630.28 2012 25,645,113.35 19,734,118.11 45,379,231.46 2013 18,802,203.34 22,496,105.40 41,298,308.74 2014 24,251,764.80 22,501,306.12 46,753,070.92 2015 23,271,516.15 27,598,923.63 50,870,439.78 2016 19,766,976.11 27,148,702.38 46,915,678.49 2017 18,413,791.03 28,181,081.57 46,594,872.60 2018 11,146,511.15 20,921,730.00 32,068,241.15 2019 11,992,992.82 29,101,189.03 41,094,181.85

Total $62,755,444.42 $250,328,761.95 $32,141,706.35 $344,210,539.39 $18,801,741.02 $708,238,193.13

As of August 31, 2019, the TWDB is authorized but has not issued $6,110,718,057 of general obligation bond authority under the Constitution. Of that balance, $164,840,000 remains available for the Agricultural Water Conservation Program. The remaining amount may be used for additional DFUND II issuances.

The Texas Constitution, Article III, section 49-d-11 authorizes TWDB to issue general obligation bonds for the DFUND II in amounts such that the aggregate principal of bonds issued under this section outstanding at any time does not exceed $6 billion, and such amount is included in the authorized but unissued amount above. As of August 31, 2019, the TWDB has issued bonds pursuant to section 49-d-11, and there is $54,121,943 of aggregate principal outstanding.

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Water Financial Assistance/Development Fund II Issuance

In fiscal year 2019, the TWDB issued General Obligation Water Financial Assistance Bonds, Series 2019A (Economically Distressed Areas Program) and Taxable Series 2019B in a combined par amount of $50,146,000, with a premium of $3,813,371.47, to provide funds for the Economically Distressed Areas Program Account for water projects, and to pay expected issuance costs of $280,000.00 and underwriter’s discount of $186,102.37.

The TWDB also issued General Obligation Water Financial Assistance Refunding Bonds, Series 2019C, Series 2019D (State Participation Program), Series 2019E (Water Infrastructure Fund), and Series 2019F (Economically Distressed Areas Program), in a combined par amount of $200,800,000, with a premium of $9,627,395.35 and with an additional $4,776,678.12 contribution of program funds on hand, to generate $214,115,599.58 to refund the Series 2009C-1, 2009C-2 WDF Bonds, the Series 2010C State Participation Bonds, the Series 2009E and 2010B WIF Bonds, and the Series 2009F EDAP Bonds, as well as to pay the expected issuance costs of $560,035.53 and underwriter’s discount of $528,438.36.

Revenue Bonds

The Texas Constitution and Water Code authorize the TWDB to issue revenue bonds backed by pledged revenue sources and restricted funds. The TWDB had ten revenue bond issues outstanding at August 31, 2019.

The TWDB has authority to sell revenue bonds for the following purposes:

(1) To finance the construction of water and wastewater projects of politicalsubdivisions and non-profit water supply corporations;

(2) To provide interim financing to political subdivisions that are also receiving long-term financing from the TWDB;

(3) To provide the state matching funds for federal grants under the Federal WaterPollution Control and the Safe Drinking Water Acts.

(4) To provide financing for projects in the State Water Plan associated with theState Water Implementation Revenue Fund for Texas (SWIRFT).

(5) To provide financing for projects funded by the Flood Infrastructure Fund or theTexas Infrastructure Resilience Fund.

Flood Infrastructure Fund and Texas Infrastructure Resiliency Fund

Subchapter I, Chapter 15 and Subchapter I, Chapter 17, Texas Water Code, as amended, authorize the TWDB to issue an unlimited amount of revenue bonds to finance certain eligible projects funded by the Flood Infrastructure Fund. Subchapter L, Chapter 16, and Subchapter I, Chapter 17, Texas Water Code, as amended, authorize the TWDB to issue an unlimited amount of revenue bonds to finance certain eligible projects funded by the Texas Infrastructure Resiliency Fund. TWDB’s revenue bonds do not constitute a debt of the State and neither the full faith nor credit, nor the taxing authority of the State is in any manner pledged, given, or loaned for the payment of the revenue bonds. Further, the TWDB's revenue bonds issued pursuant to these provisions are not secured by or payable from money in

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DFUND II, but are secured by the repayments of political subdivision loans and certain assets in the Flood Infrastructure Fund and the Texas Infrastructure Resiliency Fund, respectively. This authority has not yet been utilized to issue revenue bonds.

State Revolving Funds

Subchapter J, Chapter 15 and Subchapter I, Chapter 17, Texas Water Code, as amended, authorize the TWDB to issue an unlimited amount of revenue bonds to fund certain eligible projects. TWDB’s revenue bonds do not constitute a debt of the State and neither the full faith nor credit, nor the taxing authority of the State is in any manner pledged, given, or loaned for the payment of the revenue bonds. Further, the TWDB's revenue bonds issued pursuant to these provisions are not secured by or payable from money in DFUND II, but are secured by the repayments of political subdivision loans and certain assets in the State Water Pollution Control Revolving Fund and the Safe Drinking Water State Revolving Fund, commonly referred to as the Clean Water State Revolving Fund (CWSRF) and the Drinking Water State Revolving Fund (DWSRF), respectively.

In fiscal year 2019, the TWDB issued State Revolving Fund Revenue Bonds, New Series 2019, in a par amount of $221,005,000 with a premium of $42,370,679.55. The bonds were issued to finance the acquisition of political subdivision bonds, including state match requirements, and to pay issuance costs of $630,690.81 and underwriter’s discount of $744,988.74.

State Water Implementation Revenue Fund for Texas

Sections 49-d-12 and 49-d-13 of Article III of the Texas Constitution provide authorization for the creation of the State Water Implementation Fund for Texas (SWIFT) and SWIRFT as constitutionally dedicated funds in the State Treasury outside the general revenue fund created for the purpose of implementing the State Water Plan. Subchapter G and Subchapter H, Chapter 17, Texas Water Code, govern the operation of SWIFT and SWIRFT, in which bonds may be issued for SWIRFT for the purpose of providing financial assistance to political subdivisions to be used to fund State Water Plan projects, and are secured by the repayments of political subdivision obligations, certain assets in SWIRFT, and by certain transfers from SWIFT to SWIRFT.

In fiscal year 2019, the TWDB issued SWIRFT bonds Series 2018B and Taxable Series 2018C with a combined par value of $1,707,800,000 and premium of $150,725,979.85. As a part of the closing on the bonds, $213,478,638.27 was transferred from SWIFT to SWIRFT to provide security for the Series 2018B and 2018C bonds. The bonds were issued to provide financial assistance for projects in the State Water Plan through the purchase of or entering into political subdivision obligations, and to pay expected issuance costs of $930,352.47 and underwriter’s discount of $5,350,627.38.

Pledged Future Revenues

Pledged revenues are those specific revenues that are formally committed to directly secure the payment of bond debt service. The table below provides information on pledged revenue and pledged future revenue of the TWDB’s revenue bonds.

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Pledged Future Revenue Business-Type Activities

SRF Revenue Bonds SWIRFT Revenue Bonds Pledged Revenue Required for Future Principal and Interest on Existing Bonds $766,715,800.00 $8,754,068,457.74 Term of Commitment Year Ending Aug. 31 2039 2054 Percentage of Revenue Pledged 100% 100% Current Year Pledged Revenue $483,507,188.76 $288,104,950.13 Current Year Principal and Interest Paid $27,821,992.52 $253,032,978.53

Put Bonds As of August 31, 2019, the TWDB has two series of put bonds outstanding, General Obligation Water Financial Assistance Refunding Bonds, Subseries 2019C-2 and Subseries 2019E-2 (Water Infrastructure Fund). The bonds were issued in an initial rate mode, which terminates on the conversion date. Upon the conversion date, the bonds are expected to be remarketed or refunded if not already called prior to that date. The TWDB has not secured any credit or liquidity facility for the payment of the purchase price of the bonds upon the mandatory tender date, as the purchase price is expected to be paid by remarketing or refunding proceeds. The TWDB has no obligation to purchase the bonds on the conversion date except from remarketing proceeds. If the bonds are not remarketed or otherwise redeemed, the interest rate on the bonds will increase to the stepped coupon rate.

Put Bonds – Takeout Provisions

Conversion Date Initial Rate Stepped Coupon Rate

Water Financial Assistance and Refunding Bonds Subseries 2019C-2 8/1/2022 1.85% 6.50% Water Financial Assistance and Refunding Bonds Subseries 2019E-2 8/1/2022 2.25% 6.50%

Refunding Bonds and Early Extinguishment of Debt In fiscal year 2019, the TWDB refunded bonds of six series(including sub-series), and early extinguished bonds of six series(including sub-series). The source of funds used in extinguishments was primarily unrestricted program funds. A portion of the bonds extinguished (including those extinguished in prior fiscal years) remain in escrow, and the total par value of defeased bonds outstanding as of August 31, 2019, is $10,425,000.00. See Schedule 2F for additional detail on the individual bond series refunded using the net proceeds from the sale, and Schedule 2E for the individual bond series and par value of defeased bonds outstanding.

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Refunding Issues and Early Extinguishment Projected

(Refundings Only)

Description Category RedemptionDate

Amount Extinguished or Refunded

Par Value of Refunding

Issue

Cash Flow Increase / (Decrease)

Economic Gain/(Loss)

Governmental Type Activities

General Obligation Bonds – Non Self-Supporting

W Fin Asst Bds Ser '09E Current Refunding 06/20/2019 $46,000,000.00 $44,548,342.81 $6,328,304.68 $4,661,737.98

W Fin Asst Bds Ser '09F Current Refunding 06/20/2019 $8,665,000.00 $7,355,000.00 $1,476,900.00 $720,222.84

W Fin Asst Bds Ser '10B Current Refunding 06/20/2019 $78,760,000.00 $77,441,657.19 $11,200,882.82 $8,591,359.75

General Obligation Bonds – Self-Supporting

W Fin Asst Ref Bds Ser '18B-1

Early Extinguishment 07/16/2019 $8,450,000.00 N/A N/A N/A

W Fin Asst Ref Bds Ser '18B-3

Early Extinguishment 07/16/2019 $1,975,000.00 N/A N/A N/A

Business Type Activities

General Obligation Bonds – Self-Supporting

W Dev Bds Ser '09-C-1 Current Refunding 06/20/2019 $31,540,000.00 $31,061,734.81 $3,396,899.21 $3,012,107.61

W Dev Bds Ser '09-C-1 Early Extinguished 08/01/2019 $158,750,000.00 N/A N/A N/A

W Dev Ref Bds Ser '09-C-2 Current Refunding 06/20/2019 $20,000,000.00 $19,073,265.19 $1,726,010.79 $1,420,035.16

W Dev Ref Bds Ser '09-D Early Extinguished 08/01/2019 $7,155,000.00 N/A N/A N/A

W Fin Asst Bds Ser '10A Early Extinguished 08/01/2019 $15,165,000.00 N/A N/A N/A

W Fin Asst Bds Ser '10C Current Refunding 06/20/2019 $24,625,000.00 $21,320,000.00 $4,342,550.00 $3,696,317.28

W Fin Asst & Ref Bds Ser '16-B2

Early Extinguished various $25,475,000.00 N/A N/A N/A

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NOTE 7: Derivatives

Not Applicable

NOTE 8: Operating Leases

Included in the current year expenditures reported in the financial statements are the following amounts of rent paid or due under operating lease obligations:

Fund Type Amount PRIMARY GOVERNMENT

Governmental

Business-Type

General Fund (FT01) $35,808.40 Enterprise Funds (FT05) $55,829.40

Special Revenue Funds (FT02) $26,917.50

Future minimum lease rental payments under noncancelable operating leases having an initial term in excess of one year are as follows:

Primary Government Year Ended August 31 Governmental Total Business-Type Total

2020 62,794.20 55,988.40 2021 22,956.96 53,565.96 2022 15,376.12 35,877.42

2023 11,759.67 27,439.12 2024 1,448.84 3,380.62

Total Future Minimum Rental Payments $ 114,335.79 $ 176,251.52

NOTE 9: Defined Benefit Pension Plans and Defined Contribution Plan

Texas Water Development Board (TWDB) employees, as state employees, are enrolled in the Employees Retirement System of Texas defined benefit pension plan (ERS Plan). The financial statements of the ERS Plan are included in the audited annual financial report of the Employees Retirement System of Texas (ERS). Audited financial statements and detailed actuarial information for the ERS Plan may be obtained by writing:

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Employees Retirement System of Texas P.O. Box 13207 Austin, Texas, 78711-3207

NOTE 10: Deferred Compensation (administering agencies only)

Not Applicable

NOTE 11: Post-Employment Health Care and Life Insurance Benefits

Eligible TWDB retirees are provided post-employment health care and life insurance benefits through the State Retiree Health Plan (SRHP). The financial statements of the SRHP are included in the audited annual financial report of the Employees Retirement System of Texas (ERS). Audited financial statements and detailed actuarial information for the SRHP may be obtained by writing:

Employees Retirement System of Texas P.O. Box 13207 Austin, Texas, 78711-3207

NOTE 12: Interfund Activity and Transactions

Interfund activity refers to financial interactions between funds and/or blended component units and is restricted to internal events. Interfund transactions refer to financial interactions between TWDB and another agency of the state of Texas.

Interfund Activity

Interfund transfers represent the flow of assets (cash or goods) without equivalent flow of assets in return or a requirement for repayment. In governmental funds, transfers are reported as other financing uses or sources. Transfers are reported in proprietary funds after nonoperating revenues and expenses in the statement of revenues, expenses and changes in fund net position. Amounts not transferred at fiscal year-end are accrued as due to/due from other funds.

Activities between funds that represent lending/borrowing arrangements outstanding at the end of the fiscal year are interfund loans. Individual interfund receivables and payables balances as of August 31, 2019, were as follows:

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Interfund Receivables

Interfund Payables Current Noncurrent Purpose

Enterprise (05) DFUND (FT05) Appd Fund 0371, D23 Fund 0371

RWAF (FT05) Appd Fund 0301 D23 Fund 3010

$ 2,059,175.74 $ 93,909,484.20 Interfund Loan


CWSRF (FT05) Appd Fund 9999 D23 Fund 0651

$13,417,322.93 $101,746,193.19 State Match Loan


DWSRF (FT05) Appd Fund 9999 D23 Fund 0951

$ 9,850,792.30 $ 73,113,464.07 State Match Loan

Enterprise (05)/ Special Revenue (02)

DFUND (FT05) Appd Fund 0371, D23 Fund 0371

WIF (FT 02) Appd Fund 0302 D23 Fund 3021

$ 170,000.00 $ 1,645,000.00 Interfund Loan

Total Interfund Receivable/Payable $25,497,290.97 $ 270,414,141.46

Interfund Transactions Federal and State Pass-Throughs are recorded for activity between TWDB and other state agencies related to federal or state grant awards. Amounts not transferred at fiscal year-end are accrued as due to/due from other agencies.

NOTE 13: Continuance Subject to Review

Under Water Code Section 6.013, the Texas Water Development Board is subject to review under the Texas Sunset Act (Government Code Chapter 325) but is not abolished under that chapter. The TWDB will be subject to review during the period in which state agencies abolished in 2023 are reviewed and every 12th year thereafter.

NOTE 14: Adjustment to Fund Balances and Net Position

Not Applicable

NOTE 15: Contingencies and Commitments

Disclosure of Contingent Liabilities

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Rebatable Arbitrage Rebatable arbitrage is defined by Internal Revenue Code Section 148 for tax-exempt bonds as earnings on investments purchased with the gross proceeds of a bond issue in excess of the amount that would have been earned if the investments were invested at a yield equal to the yield on the bond issue. This rebatable arbitrage must be paid to the federal government. The TWDB is entitled to invest its bond proceeds at an unrestricted yield for various temporary periods ranging from six months to three years. This unrestricted earnings period begins on the date of delivery of the bond issue. Earnings on any funds held by the TWDB after the unrestricted earnings period ends must be restricted to the yield of the TWDB's bond issue. The amount of rebate due to the federal government is determined and payable during each five-year installment period and upon final payment of the tax-exempt bonds. Arbitrage funds have been established within various TWDB programs. Deposits into these funds are made according to the arbitrage services provider’s final report typically received around January following the close of each fiscal year. The TWDB estimates that rebatable arbitrage, if any, will not be material to the agency’s financial condition.

Pending Litigation As of August 31, 2019, the TWDB had four pending lawsuits with multiple plaintiffs and unspecified damages, one of which is on appeal after dismissal. All of the pending cases involve release of water from Lake Conroe in 2017 and request unspecified damages in the millions of dollars.

Federal Costs As a prime contractor with a federal granting agency, the TWDB is contingently liable to refund any disallowed costs to the granting agency. As of August 31, 2019, there were eight federal contracts closed during fiscal year 2019 with no disallowed costs.

Disclosure of Significant Commitments

Outstanding Loan and Grant Commitments As of August 31, 2019, the TWDB had made commitments to provide political subdivisions and non-profit entities financing from the proceeds remaining from current or future bond issues, accumulated loan repayments, federal draw downs, appropriations or other lawful sources as follows:

Program For Loans For Grants Total

Drinking Water State Revolving Fund (DWSRF)* $ 491,249,500.00 $ 6,839,552.00 $ 498,089,052.00 Clean Water State Revolving Fund (CWSRF)* 284,285,000.00 3,400,000.00 287,685,000.00 State Water Implementation Revenue Fund for Texas 2,532,970,000.00 - 2,532,970,000.00Water Development Fund II 4,745,000.00 - 4,745,000.00Total Commitments $ 3,313,249,500.00 $ 10,239,552.00 $ 3,323,489,052.00

* DWSRF and CWSRF Grants shown here represent Principal Forgiveness

37


NOTE 16: Subsequent Events

The TWDB issued State Water Implementation Revenue Fund for Texas (SWIRFT) Revenue Bonds, Series 2019A and Taxable Series 2019B on October 10, 2019, in a combined par amount of $858,810,000. The purpose of the issuance is to provide financial assistance for projects through the purchase of or entering into political subdivision obligations, and to pay the costs of issuance of the bonds. As a part of the closing on the bonds, $93,424,138.69 was transferred from the State Water Implementation Fund for Texas to SWIRFT. Additionally, two legislation changes were adopted that will affect the Board’s financing programs. House Joint Resolution 4 - A constitutional amendment was submitted to the voters of Texas pursuant to House Joint Resolution 4 (HJR 4) proposing to add Section 49-d-14 to Article III of the Texas Constitution. At an election held on November 5, 2019, the voters of Texas approved the submitted amendment. This amendment creates the Flood Infrastructure Fund (FIF) as a special fund in the state treasury outside the general revenue fund. The FIF will be administered by the TWDB and will provide financing for drainage, flood mitigation, or flood control projects. Senate Joint Resolution 79 - A constitutional amendment was submitted to the voters of Texas pursuant to Senate Joint Resolution 79 (SJR 79) proposing to add Section 49-d-14 to Article III of the Texas Constitution. At an election held on November 5, 2019, the voters of Texas approved the submitted amendment. This amendment authorizes the TWDB to issue general obligation bonds at its determination and on a continuing basis for the Economically Distressed Areas Program (EDAP) account of the Texas Water Development Fund II in amounts such that the aggregate principal amount of the bonds issued under this authority does not exceed $200 million. As defined by law, the proceeds of these bonds shall be used to provide financial assistance for the development of water supply and sewer service projects in the economically distressed areas of the state.

NOTE 17: Risk Management

The Texas Water Development Board is exposed to property and casualty loss and worker’s compensation claims. The Board uses a number of approaches to decrease risks and protect against losses to the agency, including internal practices and employee training. Additionally, the Board has adopted an ethics policy applicable to all Board employees as well as a fraud, waste and abuse policy that provides for reporting loss, misuse or misappropriation of Board resources to the Board’s Internal Auditor or to the State Auditor’s Office. The Board’s Internal Auditor and its Operations and Administration Division both evaluate potential for waste, fraud and abuse at the Board.

38

UNAUDITED


The Board provides financial assistance to political subdivisions of the state for construction of water-related facilities. The Board’s risks generally do not arise from providing financial assistance. The Board does not manage or control the facilities and has no liability for the construction or operation of the facilities. The Board requires its borrowers to assume responsibility for complying with all state and federal laws, rules, and regulations in the construction and operation of facilities.

The Board has a rule and procedures regarding risk analysis and enhanced contract monitoring for its purchases of goods and services, as required by Texas Government Code § 2261.253.

The Board operates a fleet of motor vehicles and watercraft. The Board is self-insured as to its own property losses and the liability of loss to others. The Attorney General defends the agency and personnel against any lawsuit resulting from the operation of the motor vehicles or watercraft. The Board performs an annual review of the driving records of employees who drive agency vehicles, and suspends use of state-owned, leased or personal vehicles for Board business for employees who do not have an acceptable driving record. Board policy prohibits employees from using Board vehicles for private purposes or carrying unauthorized passengers. All authorized passengers who are not Board employees are required to complete a release of liability prior to traveling with an employee on Board business.

The Board assumes substantially all risks associated with tort and liability claims due to the performance of its duties. Currently, there is no purchase of commercial insurance. The Board participates in the State Office of Risk Management’s (SORM) Risk Management and Worker’s Compensation Coverage Program. The Board’s assessment for fiscal year 2019 was $42,408.65. The assessment covers worker’s compensation and risk management costs.

The Board’s liabilities are reported when it is both probable that a loss has occurred, and the amount of that loss can be reasonably estimated. Liabilities include an amount for claims that have been incurred but not reported.

Changes in the balances of the Board’s claims liabilities during fiscal years 2018 and 2019 were:

Beginning Balance Increases Decreases Ending Balance

2019 $ 0.00 $ 0.00 $ 0.00 $ 0.00 2018 $ 0.00 $ 0.00 $ 0.00 $ 0.00

39

UNAUDITED


NOTE 18: Management Discussion and Analysis

This note was prepared in accordance with Comptroller guidelines and does not constitute full management’s discussion and analysis per generally accepted accounting principles. Bond Issuances In Fiscal Year 2019, the TWDB conducted one issuance of State Water Implementation Revenue Fund for Texas (SWIRFT) bonds, one issuance of State Revolving Fund bonds, and two issuances of General Obligation bonds.

The SWIRFT bonds, Series 2018B and Taxable Series 2018C, were issued with a combined par value of $1,707,800,000 and incorporated a transfer of $213,478,638.27 from the State Water Implementation Fund for Texas (SWIFT) to SWIRFT. The SWIRFT bonds were issued to provide financial assistance for projects in the State Water Plan through the purchase of or entering into political subdivision obligations, and to pay the costs of issuance of the bonds.

The TWDB issued State Revolving Fund Revenue Bonds, New Series 2019, in a par amount of $221,005,000. The bonds were issued to finance the acquisition of political subdivision bonds, including state match requirements, and to pay the costs of issuance of the bonds.

The TWDB issued General Obligation Water Financial Assistance Bonds, Series 2019A (Economically Distressed Areas Program) and Taxable Series 2019B in a combined par amount of $50,146,000. The bonds were issued to provide funds for Economically Distressed Areas Program projects, and to pay the costs of issuance of the bonds.

The TWDB also issued General Obligation Water Financial Assistance Refunding Bonds, Series 2019C, Series 2019D (State Participation Program), Series 2019E (Water Infrastructure Fund), and Series 2019F (Economically Distressed Areas Program) in a combined par amount of $200,800,000. The bonds were issued to refund outstanding bonds, and to pay the costs of issuance of the bonds.

Subsequent to the issuance of the Series 2019CDEF refunding bonds, the TWDB also used prepayments and program funds on hand to redeem a total par amount of $191,495,000 of Series 2009C-1 and 2010A WDF Bonds, Series 2009D State Participation Bonds, and Series 2018B WIF Bonds.

Also, recent legislation changes were adopted that affect the Board’s financing programs.

Senate Bill 7 (SB 7) amends the Water Code to set out provisions relating to flood planning, mitigation, and infrastructure projects. Among other provisions, the bill creates the infrastructure fund to be used by the TWDB for providing financial assistance to eligible political subdivisions for flood projects. The bill's flood infrastructure fund provisions take effect January 1, 2020.

40

UNAUDITED


SB 7 also creates the Texas Infrastructure Resiliency Fund (TIRF) to be administered by the TWDB. The bill provides for a federal matching account, a temporary Hurricane Harvey account, and a contingent flood plan implementation account within the TIRF to be used for specified purposes and for the transfer of the existing floodplain management account to the TIRF. The bill provides for a Texas Infrastructure Resiliency Fund Advisory Committee to advise the TWDB regarding the use of money in the resiliency fund. The bill requires an applicable state agency that uses or disburses federal money for flood research, planning, or mitigation projects to submit a quarterly report to the TWDB regarding such money. The bill amends the Insurance Code to make a conforming change. Except as otherwise provided in specific sections, the bill took effect June 13, 2019.

Senate Bill 8 (SB 8) amends the Water Code to require the TWDB to prepare and adopt a comprehensive state flood plan every five years that incorporates approved regional flood plans. The bill sets out requirements for the state flood plan and requires the TWDB, in coordination with the Texas Commission on Environmental Quality (TCEQ), the Department of Agriculture, the General Land Office, the Parks and Wildlife Department, the Texas Division of Emergency Management, and the State Soil and Water Conservation Board (board), to adopt guidance principles for the state flood plan that reflect the public interest of the entire state. The bill creates the temporary State Flood Plan Implementation Advisory Committee to review the overall operation, function, and structure of the state flood plan and rules adopted by the TWDB to implement the plan.

SB 8 requires the TWDB to designate flood planning regions corresponding to each river basin, provide technical and financial assistance to flood planning groups, and adopt guidance principles for regional flood plans. The bill provides for the designation of the flood planning group for a flood planning region and sets out the adoption and approval process for a regional flood plan.

SB 8 also amends the Agriculture Code to require the State Soil and Water Conservation Board to prepare and adopt a plan every 10 years describing the repair and maintenance needs of certain flood control dams. The bill requires the board to deliver the adopted plan to the TWDB and requires the TWDB, in coordination with the board and TCEQ, to prepare a report of the repair and maintenance needs of certain failed dams.

Senate Bill 500, effective June 6, 2019, provided an appropriation of $47 million from the state’s economic stabilization (ESF) to the floodplain management account to fund the statewide flood plan required as part of SB 8. The bill also provided an appropriation of $638 million from the ESF to the federal matching account in the TIRF for matching Federal Emergency Management Agency awards. The bill provided a final appropriation of $793 million from the ESF to the Flood Infrastructure Fund to give effect to the constitutional amendment proposed by HJR 4 and approved by Texas voters on November 5, 2019. See Note 6 for additional details on bond issuance transactions and Note 16 for additional recently passed legislation.

41


NOTE 19: The Financial Reporting Entity

As required by Generally Accepted Accounting Principles, the financial statements present TWDB and its component unit. The component unit discussed in this note is included in the state’s reporting entity because of the significance of its operational or financial relationships with the state. Discrete Component Units The TWDB is financially accountable for the following legally separate entity; however, the entity does not provide services entirely or almost entirely to TWDB. The component unit is reported in a separate column in the combined financial statements to emphasize that it is legally separate from the TWDB and the state. The component unit has no outstanding debt and its remaining assets were appropriated for general obligation debt service for fiscal years 2018-2019. Texas Water Resources Finance Authority (Authority) is a legally separate entity created by the Legislature as a governmental entity and body politic and corporate for the purpose of increasing the availability of financing for water-related projects, and primarily benefits the citizens of Texas. A board of directors, composed of the three members of the Texas Water Development Board (TWDB), governs the Authority. The members of the TWDB are appointed by the governor. TWDB, through a sales and servicing agreement, wholly manages the Authority’s operations. The Authority’s fiscal year end is the same as TWDB’s.

NOTE 20: Stewardship, Compliance and Accountability

As of August 31, 2019, management is unaware of any material violations of finance related legal and contract provisions. With regard to compliance and accountability, there are:

1. no material violations of finance-related legal or contractual provisions, 2. no deficit fund balances or net position in individual funds, 3. no expenditures exceeding appropriations in individual funds, 4. no changes in accounting principles, 5. no changes in reporting of loans, 6. no changes in fund types and 7. no non-exchange transactions were recorded in the financial statements.

NOTE 21: Not Applicable

Note 21 is not applicable to the AFR reporting requirements process.

42

UNAUDITED


NOTE 22: Donor Restricted Endowments

Not Applicable

NOTE 23: Extraordinary and Special Items

Not Applicable

NOTE 24: Disaggregation of Receivable and Payable Balances

Not Applicable

NOTE 25: Termination Benefits

Not Applicable

NOTE 26: Segment Information

Not Applicable

NOTE 27: Service Concession Arrangements

Not Applicable

NOTE 28: Deferred Outflows of Resources and Deferred Inflows of Resources

Not Applicable

NOTE 29: Troubled Debt Restructuring

Not Applicable

43


NOTE 30: Non-Exchange Financial Guarantees

Not Applicable

NOTE 31: Tax Abatements

Not Applicable

NOTE 32: Fund Balances

Not Applicable

44

IndividualFundsFinancialStatements

Texas Water Development Board (580)Exhibit A-1 - Combining Balance Sheet - All General and Consolidated FundsAugust 31, 2019

General RevenueGR Acct-Disaster

Contingency Total(0001) (0453) (Exhibit I)


Cash and Cash Equivalents:Cash on Hand 100.00$ -$ 100.00$ Cash in Bank (Note 3) 26,000.00 - 26,000.00 Cash in State Treasury - - -

Legislative Appropriations 20,480,383.45 - 20,480,383.45 Receivables From:

Federal 620,991.13 - 620,991.13 Accounts Receivable 34,133.66 - 34,133.66

Interfund Receivable - - - Due From Other Funds 612,507.66 - 612,507.66 Due From Other Agencies 17,843.64 - 17,843.64

Total Current Assets 21,791,959.54 - 21,791,959.54 Total Noncurrent Assets - - -

Total Assets 21,791,959.54$ -$ 21,791,959.54$



Accounts Payable 969,800.95$ -$ 969,800.95$ Payroll Payable 2,236,946.69 - 2,236,946.69

Interfund Payable (Note 12) - - - Due To Other Funds - - - Due To Other Agencies 213,251.83 - 213,251.83

Total Current Liabilities 3,419,999.47 - 3,419,999.47 Total Liabilities 3,419,999.47 - 3,419,999.47


Unassigned 18,371,960.07 - 18,371,960.07 Total Fund Balances 18,371,960.07 - 18,371,960.07

Total Liabilities and Fund Balances 21,791,959.54$ -$ 21,791,959.54$

Note: GAAP fund is shown as (XXXX). USAS D23 Fund is shown as U/F (XXXX), except as noted below:GAAP Fund 0001 - USAS D23 Funds 0001, 1000


UNAUDITED

46

Texas Water Development Board (580)Exhibit A-2 - Combining Statement of Revenues, Expenditures and

Changes in Fund Balances – All General and Consolidated FundsFor the Fiscal Year Ended August 31, 2019

General RevenueGR Acct-Disaster

Contingency Total(0001) (0453) (Exhibit II)

REVENUES**Legislative Appropriations:

Original Appropriations (GR) 66,462,796.00$ -$ 66,462,796.00$ Additional Appropriations (GR) 4,674,810.61 - 4,674,810.61

Federal Revenue (PR - Operating or Capital) 7,644,354.64 - 7,644,354.64 Federal Grant Pass-Through Revenue (GR) 17,843.64 - 17,843.64 Licenses, Fees and Permits (PR) 113,092.93 - 113,092.93 Sales of Goods and Services (PR) 181,077.42 - 181,077.42 Other (GR) 10,329,356.84 - 10,329,356.84

Total Revenues 89,423,332.08 - 89,423,332.08

EXPENDITURESSalaries and Wages 15,562,947.12 - 15,562,947.12 Payroll Related Costs 4,979,899.21 - 4,979,899.21 Professional Fees and Services 2,951,233.11 - 2,951,233.11 Travel 301,868.50 - 301,868.50 Materials and Supplies 982,559.94 - 982,559.94 Communication and Utilities 252,725.53 - 252,725.53 Repairs and Maintenance 500,969.10 - 500,969.10 Rentals and Leases 138,378.44 - 138,378.44 Printing and Reproduction 55,535.35 - 55,535.35 Claims and Judgments - - - State Grant Pass-Through Expenditures 474,570.93 - 474,570.93 Intergovernmental Payments 8,062,938.77 1,659,500.77 9,722,439.54 Public Assistance Payments - - - Other Expenditures 326,421.59 - 326,421.59 Capital Outlay 567,135.22 - 567,135.22

Total Expenditures 35,157,182.81 1,659,500.77 36,816,683.58 Excess (Deficiency) of Revenues Over Expenditures 54,266,149.27 (1,659,500.77) 52,606,648.50

OTHER FINANCING SOURCES (Uses)Sale of Capital Assets 27,259.11 - 27,259.11 Transfers In - 1,659,500.77 1,659,500.77 Transfers Out (46,834,214.07) - (46,834,214.07)

Total Other Financing Sources (Uses) (46,806,954.96) 1,659,500.77 (45,147,454.19)

Net Change in Fund Balances 7,459,194.31 - 7,459,194.31

FUND FINANCIAL STATEMENT - FUND BALANCESFund Balances - Beginning 11,251,794.72 - 11,251,794.72

Appropriations Lapsed (339,028.96) - (339,028.96) Fund Balances, August 31, 2019 18,371,960.07$ -$ 18,371,960.07$

Note: GAAP fund is shown as (XXXX). USAS D23 Fund is shown as U/F (XXXX), except as noted below:GAAP Fund 0001 - USAS D23 Funds 0001, 1000


UNAUDITED

47

Texas Water Development Board (580)Exhibit B-1 - Combining Balance Sheet – Special Revenue FundsAugust 31, 2019

Texas Infrastructure

Resiliency FundWater Infrastructure

Fund

Floodplain Management

Fund

Economically Distressed Areas Clearance Fund

Agricultural Water

Conservation Fund

(0175) (0302) (0330) (0356) (0358)U/F (1358)


Cash and Cash Equivalents:Cash in BankCash in State Treasury 685,128,643.96$ 6,180,106.71$ 2,463,283.58$ 678,937.23$ 20,665.32$

Short Term Investments - - - - Receivables From:

Interest and Dividends 1,357,259.63 2,122,382.39 5,147.73 1,091.56 109.84 Accounts Receivable - - - - -

Interfund Receivables - - - - - Due From Other Funds - - - - 691,000.03 Loans and Contracts - 50,241,000.00 - - -

Total Current Assets 686,485,903.59 58,543,489.10 2,468,431.31 680,028.79 711,775.19

Non-Current Assets:Loans and Contracts - 546,543,000.00 - - - Investments - - - - -

Total Noncurrent Assets - 546,543,000.00 - - - Total Assets 686,485,903.59$ 605,086,489.10$ 2,468,431.31$ 680,028.79$ 711,775.19$



Accounts Payable 190.00$ 91,374.88$ 176,838.28 -$ 11,934.75$ Payroll Payable - - 22,112.88 - -

Interfund Payable - 170,000.00 - - - Due To Other Funds - 25,137.38 6,415.11 - - Due To Other Agencies - - - - 691,000.03

Total Current Liabilities 190.00 286,512.26 205,366.27 - 702,934.78

Non-Current Liabilities:Interfund Payables - 1,645,000.00 - - -

Total Non-Current Liabilities - 1,645,000.00 - - - Total Liabilities 190.00 1,931,512.26 205,366.27 - 702,934.78

FUND FINANCIAL STATEMENT-FUND BALANCESReserved for:Committed - - - - - Restricted 686,485,713.59$ 603,154,976.84$ 2,263,065.04$ 680,028.79$ 8,840.41$

Total Fund Balances 686,485,713.59 603,154,976.84 2,263,065.04 680,028.79 8,840.41 Total Liabilities and Fund Balances 686,485,903.59$ 605,086,489.10$ 2,468,431.31$ 680,028.79$ 711,775.19$

Note: GAAP fund is shown as (XXXX). USAS D23 Fund is shown as U/F (XXXX) except as noted below:GAAP Fund 0175 - USAS D23 Funds 0175,0176, 0177,0178,0179,0194GAAP Fund 0302 - USAS D23 Funds 3020, 3021, 8302GAAP Fund 0330 - USAS D23 Fund 0330GAAP Fund 0356 - USAS D23 Funds 0356, 8356GAAP Fund 0358 - USAS D23 Fund 1358GAAP Fund 0361 - USAS D23 Funds 0361, 8361GAAP Fund 0371 - USAS D23 Funds 0375, 3734, 3757GAAP Fund 0480 - USAS D23 Funds 1480, 4076, 4800, 4801, 4802GAAP Fund 0481 - USAS D23 Funds 0481, 4816GAAP Fund 0483 - USAS D23 Funds 4830, 4831, 4832, 4833, 4839


UNAUDITED

48

State Water Implementation

Fund

Texas Water Development

Fund IIWater Assistance

Fund

Water Loan Assistance

Fund

Storage Acquisition

Fund

Research and Planning

Fund(0361) (0371) (0480) (0481) (0482) (0483) Totals

(Exhibit I)

- -$ 191,820,961.49$ 216,689.27$ 5,889,887.31$ 5,217,942.10$ -$ 250,898.86$ 897,868,015.83 93,354,582.32 - - - - 93,354,582.32

555,941.23 148,029.76 - - - - 4,189,962.14 - - - - - - - - - - - - - - - - - - - 222,293.48 913,293.51 - 1,917,835.94 - 100,000.00 - - 52,258,835.94

285,731,485.04 2,282,554.97 5,889,887.31 5,317,942.10 - 473,192.34 1,048,584,689.74

- 22,951,001.84 - 1,610,000.00 230,000.00 - 571,334,001.84 1,472,022,570.67 - - - - - 1,472,022,570.67 1,472,022,570.67 22,951,001.84 - 1,610,000.00 230,000.00 - 2,043,356,572.511,757,754,055.71$ 25,233,556.81$ 5,889,887.31$ 6,927,942.10$ 230,000.00$ 473,192.34$ 3,091,941,262.25$

532,354.17$ 5,504.14$ 2,094.60$ -$ -$ 450,541.55$ 1,270,832.37$ - - 10,307.98 - - - 32,420.86 - - - - - - 170,000.00 - - 222,293.48 - - - 253,845.97 - - - - - - 691,000.03

532,354.17 5,504.14 234,696.06 - - 450,541.55 2,418,099.23

- - - - - - 1,645,000.00 - - - - - - 1,645,000.00

532,354.17 5,504.14 234,696.06 - - 450,541.55 4,063,099.23

- - - - - - - 1,757,221,701.54$ 25,228,052.67$ 5,655,191.25$ 6,927,942.10$ 230,000.00$ 22,650.79$ 3,087,878,163.02$ 1,757,221,701.54 25,228,052.67 5,655,191.25 6,927,942.10 230,000.00 22,650.79 3,087,878,163.021,757,754,055.71$ 25,233,556.81$ 5,889,887.31$ 6,927,942.10$ 230,000.00$ 473,192.34$ 3,091,941,262.25$

UNAUDITED

49

Texas Water Development Board (580)Exhibit B-2 - Combining Statement of Revenues, Expenditures and

Changes in Fund Balances – Special Revenue FundsFor the Fiscal Year Ended August 31, 2019

Texas Infrastructure

Resiliency Fund

Water Infrastructure

Fund

Floodplain Management

Fund

Economically Distressed Areas Clearance Fund

Agricultural Water

Conservation Fund

(0175) (0302) (0330) (0356) (0358)U/F (1358)

REVENUES**Federal Revenue (PR - Operating or Capital) -$ -$ -$ -$ -$ Interest and Other Investment Income (PR) 1,485,903.59 12,318,701.99 84,279.20 24,362.33 8,534.00 Net Increase (Decrease) in Fair Value (PR) - - - - - Sales of Goods and Services (PR) - - - - - Other - - - - -

Total Revenues 1,485,903.59 12,318,701.99 84,279.20 24,362.33 8,534.00

EXPENDITURESSalaries and Wages - - 371,803.30 - - Payroll Related Costs - - 138,986.79 - - Professional Fees and Services - 499,968.73 648,361.44 14,697.50 - Travel 190.00 4,462.10 26,399.47 - - Materials and Supplies - - 436,093.19 - - Communication and Utilities - - 30,841.49 - - Repairs and Maintenance - - 9,990.00 - - Rentals and Leases - - 10,093.52 - - Printing and Reproduction - 764.85 - - - State Grant Pass-Through Expenditures - - - - 839,723.03 Intergovernmental Payments - - 363,068.57 - 718,005.54 Public Assistance Payments - - - -Other Expenditures - 400.00 21,375.36 - -Debt service:

Interest - 134,481.38 - - Capital Outlay - - 399,445.56 - -

Total Expenditures 190.00 640,077.06 2,456,458.69 14,697.50 1,557,728.57 Excess (Deficiency) of Revenues Over Expenditures 1,485,713.59 11,678,624.93 (2,372,179.49) 9,664.83 (1,549,194.57)

OTHER FINANCING SOURCES (Uses)Bond Issue Proceeds - 336,121.16 - - - Transfers In 685,000,000.00 162,297.16 3,050,000.00 242,811.85 1,244,484.55 Transfers Out - (68,859,155.06) - - -

Total Other Financing Sources 685,000,000.00 (68,360,736.74) 3,050,000.00 242,811.85 1,244,484.55

Net Change in Fund Balances 686,485,713.59 (56,682,111.81) 677,820.51 252,476.68 (304,710.02)

FUND FINANCIAL STATEMENT - FUND BALANCESFund Balances - September 1, 2018 - 659,837,088.65 1,585,244.53 427,552.11 313,550.43

Fund Balances, August 31, 2019 686,485,713.59$ 603,154,976.84$ 2,263,065.04$ 680,028.79$ 8,840.41$

Note: GAAP fund is shown as (XXXX). USAS D23 Fund is shown as U/F (XXXX) except as noted below:GAAP Fund 0175 - USAS D23 Funds 0175,0176, 0177,0178,0179,0194GAAP Fund 0302 - USAS D23 Funds 3020, 3021, 8302GAAP Fund 0330 - USAS D23 Fund 0330GAAP Fund 0356 - USAS D23 Funds 0356, 8356GAAP Fund 0358 - USAS D23 Fund 1358GAAP Fund 0361 - USAS D23 Funds 0361, 8361GAAP Fund 0371 - USAS D23 Funds 0375, 3734, 3757GAAP Fund 0480 - USAS D23 Funds 1480, 4076, 4800, 4801, 4802GAAP Fund 0481 - USAS D23 Funds 0481, 4816GAAP Fund 0483 - USAS D23 Funds 4830, 4831, 4832, 4833, 4839


UNAUDITED

50

State Water Implementation

Fund


Fund II

Water Assistance

Fund

Water Loan Assistance

Fund

Storage Acquisition

Fund

Research and Planning

Fund(0361) (0371) (0480) (0481) (0482) (0483) Totals

U/F (0482) (Exhibit II)

-$ -$ -$ -$ -$ -$ -$ 37,341,225.82 879,472.31 - - 22,921.60 - 52,165,400.84 47,412,105.62 - - - - 47,412,105.62

- - 147,270.03 - - - 147,270.03 - - - - - - -

84,753,331.44 879,472.31 147,270.03 - 22,921.60 - 99,724,776.49

- - 127,235.30 - - - 499,038.60 - - 111,365.23 - - - 250,352.02

3,187,204.08 267,757.32 - - - 590,259.96 5,208,249.03 - 268.78 16,504.55 - - - 47,824.90 - - 15,637.43 - - - 451,730.62 - - 3,603.01 - - - 34,444.50 - - 16,021.48 - - - 26,011.48 - - 16,823.98 - - - 26,917.50 - 2,850.11 - - - - 3,614.96 - - - - - 28,605.61 868,328.64 - 33,257,116.09 - - - 4,812,008.46 39,150,198.66 - 17,795,000.00 - - - - 17,795,000.00 - - 2,036.62 - - - 23,811.98

- - - - - - 134,481.38 - - - - - - 399,445.56

3,187,204.08 51,322,992.30 309,227.60 - - 5,430,874.03 64,919,449.83 81,566,127.36 (50,443,519.99) (161,957.57) - 22,921.60 (5,430,874.03) 34,805,326.66

- 53,794,412.59 - - - - 54,130,533.75 - - - - - 5,311,588.85 695,011,182.41

(213,478,638.27) (3,256,507.60) (2,919,672.25) (100,000.00) (22,921.60) - (288,636,894.78) (213,478,638.27) 50,537,904.99 (2,919,672.25) (100,000.00) (22,921.60) 5,311,588.85 460,504,821.38

(131,912,510.91) 94,385.00 (3,081,629.82) (100,000.00) - (119,285.18) 495,310,148.04

1,889,134,212.45 25,133,667.67 8,736,821.07 7,027,942.10 230,000.00 141,935.97 2,592,568,014.98

1,757,221,701.54$ 25,228,052.67$ 5,655,191.25$ 6,927,942.10$ 230,000.00$ 22,650.79$ 3,087,878,163.02$

UNAUDITED

51

Texas Water Development Board (580)Exhibit C-1 - Combining Balance Sheet – Debt Service FundsAugust 31, 2019

Water Infrastructure Fund

Economically Distressed Areas

Clearance Interest and Sinking Fund

(0302) (0357) TotalsU/F (3022) U/F (0357) (Exhibit I)


Cash and Cash Equivalents:Cash in State Treasury 322,056.57$ 29,783.95$ 351,840.52$

Receivables From:Interest and Dividends 545.01 11.48 556.49

Due From Other Funds - - -$ Total Current Assets 322,601.58 29,795.43 352,397.01

Total Assets 322,601.58$ 29,795.43$ 352,397.01$


Current Liabilities:Payables From: - - -

Total Current Liabilities - - - Total Liabilities -$ -$ -$


Restricted 322,601.58$ 29,795.43$ 352,397.01$ Total Fund Balances 322,601.58 29,795.43 352,397.01

Total Liabilities and Fund Balances 322,601.58$ 29,795.43$ 352,397.01$


UNAUDITED

52

Texas Water Development Board (580)Exhibit C-2 - Combining Statement of Revenues, Expenditures andChanges in Fund Balances – Debt Service FundsFor the Fiscal Year Ended August 31, 2019

Water Infrastructure

Fund

Economically Distressed Areas Clearance Interest and Sinking Fund

(0302) (0357) TotalsU/F (3022) U/F (0357) (Exhibit II)

REVENUES**Interest and Other Investment Income 75,950.41$ 34,342.07$ 110,292.48$ Other Revenue - - -

Total Revenues 75,950.41 34,342.07 110,292.48

EXPENDITURESProfessional Fees and Services - - - Debt Service:

Principal 54,430,000.00 24,105,041.00 78,535,041.00 Interest 26,037,698.25 8,945,670.14 34,983,368.39

Total Expenditures 80,467,698.25 33,050,711.14 113,518,409.39 Excess (Deficiency) of Revenues Over Expenditures (80,391,747.84) (33,016,369.07) (113,408,116.91)

OTHER FINANCING SOURCES (Uses)Transfers In 80,689,850.72 33,035,167.13 113,725,017.85 Legislative Transfers Out - - -

Total Other Financing Sources (Uses) 80,689,850.72 33,035,167.13 113,725,017.85

Net Change in Fund Balances/Net Assets 298,102.88 18,798.06 316,900.94

FUND FINANCIAL STATEMENT - FUND BALANCESFund Balances - September 1, 2018 24,498.70 10,997.37 35,496.07

Fund Balances, August 31, 2019 322,601.58$ 29,795.43$ 352,397.01$


UNAUDITED

53

Texas Water Development Board (580)Exhibit F-1 - Combining Statement of Net Position - Enterprise FundsAugust 31, 2019

Rural Water Assistance Fund

Agricultural Water

Conservation Fund


Fund II Clearance Fund

Texas Water Development Fund

II(0301) (0358) (0370) (0371)


Cash and Cash Equivalents:Cash in State Treasury 1,879,921.77$ 7,804,634.10$ 67,399,382.99$ 33,992,361.57$ Cash in Bank (Note 3) - - - - Cash Equivalents - - - -

Short Term Investments - - - - Receivables from:

Federal - - - - Interest and Dividends 1,083,374.93 29,852.92 125,511.86 15,484,758.96

Interfund Receivables - - - 25,497,290.97 Due From Other Funds - - - 2,216,967.61 Loans and Contracts 1,997,724.57 957,625.00 - 21,876,403.92

Total Current Assets 4,961,021.27 8,792,112.02 67,524,894.85 99,067,783.03

Non-Current Assets:Loans and Contracts 94,052,429.16 3,533,750.00 - 1,013,239,460.40 Investments - - - - Interfund Receivables - - - 270,414,141.46

Total Non-Current Assets 94,052,429.16 3,533,750.00 - 1,283,653,601.86 Total Assets 99,013,450.43 12,325,862.02 67,524,894.85 1,382,721,384.89


Payables from:Accounts Payable - - - 53,507.53 Interest Payable - - - -

Interfund Payables 2,059,175.74 - - - Due to Other Funds 1,143,430.10 691,000.03 - 65,841,073.19 Due to Other Agencies - - - - Revenue Bonds Payable - - - - General Obligation Bonds Payable - - - -

Total Current Liabilities 3,202,605.84 691,000.03 - 65,894,580.72

Non-Current Liabilities:Interfund Payables 93,909,484.20 - - - Revenue Bonds Payable - - - - General Obligation Bonds Payable - - - 1,083,503,295.45

Total Non-Current Liabilities 93,909,484.20 - - 1,083,503,295.45 Total Liabilities 97,112,090.04 691,000.03 - 1,149,397,876.17

NET POSITIONRestricted for:

Other 1,901,360.39 11,634,861.99 67,524,894.85 233,323,508.72 Total Net Position 1,901,360.39$ 11,634,861.99$ 67,524,894.85$ 233,323,508.72$

Note: GAAP fund is shown as (XXXX). USAS D23 Fund is shown as U/F (XXXX), except as noted below:GAAP Fund 0301 - USAS D23 Funds 3010, 8301GAAP Fund 0358 - USAS D23 Funds 0358, 8358GAAP Fund 0370 - USAS D23 Funds 0340, 0370, 8370GAAP Fund 0371 - USAS D23 Funds 0341, 0371, 1341, 3417, 3717GAAP Fund 0372 - USAS D23 Funds 0343, 0372GAAP Fund 3050 - Local Funds held outside the Treasury


UNAUDITED

54

Texas WaterDevelopment

Fund II Interest and Sinking

Fund

State Water Implementation Revenue Fund

Clean Water State Revolving Fund

Drinking Water State Revolving

Fund(0372) (3050) (3050) (3050) Totals

U/F (0362) U/F (0651) U/F (0951) (Exhibit III)

97,996.62$ -$ -$ -$ 111,174,297.05$ - - 0.02 0.01 0.03 - 63,598,459.95 246,888,716.41 196,143,114.54 506,630,290.90 - 63,682,608.61 302,965,549.93 240,693,894.07 607,342,052.61

- - 287,796.80 2,263,457.68 2,551,254.48 42.30 45,561,650.31 10,539,379.56 5,370,863.29 78,195,434.13

- - - - 25,497,290.97 65,841,073.19 - - - 68,058,040.80

- 103,230,000.00 111,820,900.00 56,220,964.70 296,103,618.19 65,939,112.11 276,072,718.87 672,502,342.72 500,692,294.29 1,695,552,279.16

- 5,344,725,000.00 2,503,533,630.00 1,196,692,822.91 10,155,777,092.47 - 342,372,863.09 27,871,621.96 22,142,878.04 392,387,363.09 - - - - 270,414,141.46 - 5,687,097,863.09 2,531,405,251.96 1,218,835,700.95 10,818,578,597.02

65,939,112.11 5,963,170,581.96 3,203,907,594.68 1,719,527,995.24 12,514,130,876.18

- - 14,461.43 4,479.25 72,448.21 6,011,495.01 83,488,345.81 981,991.67 1,064,383.33 91,546,215.82

- - 13,417,322.93 9,850,792.30 25,327,290.97 - - 902,333.25 752,159.43 69,329,996.00 - - - 1,945,161.93 1,945,161.93 - 100,389,306.77 12,109,484.00 12,820,637.57 125,319,428.34

59,927,617.10 - - - 59,927,617.10 65,939,112.11 183,877,652.58 27,425,593.28 26,437,613.81 373,468,158.37

- - 101,746,193.19 73,113,464.07 268,769,141.46 - 5,310,158,458.24 265,491,491.11 291,568,425.44 5,867,218,374.79 - - - - 1,083,503,295.45 - 5,310,158,458.24 367,237,684.30 364,681,889.51 7,219,490,811.70

65,939,112.11 5,494,036,110.82 394,663,277.58 391,119,503.32 7,592,958,970.07

- 469,134,471.14 2,809,244,317.10 1,328,408,491.92 4,921,171,906.11 -$ 469,134,471.14$ 2,809,244,317.10$ 1,328,408,491.92$ 4,921,171,906.11$

UNAUDITED

55

Texas Water Development Board (580)Exhibit F-2 - Combining Statement of Revenues, Expenses, and

Changes in Net Position - Enterprise FundsFor the Fiscal Year Ended August 31, 2019


Agricultural Water

Conservation Fund




Fund II(0301) (0358) (0370) (0371)

U/F (3010)OPERATING REVENUES:

Interest and Investment Income (PR - OP Grants/Contribu 1,241,231.96$ 219,867.39$ 2,653,542.63$ 43,777,625.42$ Net Increase (Decrease) Fair Market Value (PR - OP Gra - - - - Other Operating Revenue (GR) - - - -

Total Operating Revenues 1,241,231.96 219,867.39 2,653,542.63 43,777,625.42

OPERATING EXPENSES:Salaries and Wages - - - - Payroll Related Costs - - - - Professional Fees and Services - - 28,822.50 373,469.54 Travel - - - 2,612.94 Materials and Supplies - - - - Communication and Utilities - - - - Repairs and Maintenance - - - - Rentals and Leases - - - - Printing and Reproduction - - - 447.88 Interest 6,109,853.72 - - - Other Operating Expenses - - - -

Total Operating Expenses 6,109,853.72 - 28,822.50 376,530.36 Operating Income (Loss) (4,868,621.76) 219,867.39 2,624,720.13 43,401,095.06

NONOPERATING REVENUE (EXPENSES):Federal Revenue (PR - Grants/Contributions) - - - - Federal Grant Pass-Through Revenue (Expense) (PR - G - - - - Other Benefit Payments (PR - Grants/Contributions) - - - - Other Intergovernmental Payments - - - - Other Nonoperating Revenue (Expenses) - - - -

Total Nonoperating Revenue (Expenses) - - - -

(4,868,621.76) 219,867.39 2,624,720.13 43,401,095.06

OTHER REVENUES, EXPENSES, GAINS/LOSSESAND TRANSFERS:Transfers In - - - 4,796,520.80 Transfers Out - (1,244,484.55) (27,308,721.09) (27,849,993.13)

- (1,244,484.55) (27,308,721.09) (23,053,472.33)

Change in Net Position (4,868,621.76) (1,024,617.16) (24,684,000.96) 20,347,622.73

Total Net Position - Beginning 6,769,982.15 12,659,479.15 92,208,895.81 212,975,885.99

Total Net Position, August 31, 2019 1,901,360.39$ 11,634,861.99$ 67,524,894.85$ 233,323,508.72$





UNAUDITED

56


Fund II Interest and Sinking

Fund




Fund(0372) (3050) (3050) (3050) Totals

U/F (0362) U/F (0651) U/F (0951) (Exhibit IV)

136,804.75$ 80,864,372.19$ 22,651,169.38$ 13,698,731.87$ 165,243,345.59$ - 23,384,205.10 192,233.78 150,091.24 23,726,530.12 - - 5,661,354.00 3,852,946.00 9,514,300.00

136,804.75 104,248,577.29 28,504,757.16 17,701,769.11 198,484,175.71

- - 2,675,854.61 2,728,847.32 5,404,701.93 - - 509,344.47 519,397.98 1,028,742.45 - 6,133,738.84 446,422.09 1,435,445.83 8,417,898.80 - 8,124.67 30,557.17 32,789.75 74,084.53 - - 2,705.94 2,674.15 5,380.09 - - 11,277.41 12,127.17 23,404.58 - - 37.64 37.67 75.31 - - 28,597.76 28,802.82 57,400.58 - 7,500.00 224.84 2,090.74 10,263.46

50,498,998.17 197,635,531.69 15,341,907.20 9,093,255.40 278,679,546.18 - 169,091.00 19,582.42 23,220.12 211,893.54

50,498,998.17 203,953,986.20 19,066,511.55 13,878,688.95 293,913,391.45 (50,362,193.42) (99,705,408.91) 9,438,245.61 3,823,080.16 (95,429,215.74)

- - 72,591,900.72 81,895,329.72 154,487,230.44 - - - (9,656,776.67) (9,656,776.67) - - (1,438,000.00) (3,584,485.00) (5,022,485.00) - - - (19,143,232.00) (19,143,232.00) - - (26,000,295.00) - (26,000,295.00) - - 45,153,605.72 49,510,836.05 94,664,441.77

(50,362,193.42) (99,705,408.91) 54,591,851.33 53,333,916.21 (764,773.97)

50,362,193.42 213,478,638.27 - 2,336,171.00 270,973,523.49 - - - - (56,403,198.77)

50,362,193.42 213,478,638.27 - 2,336,171.00 214,570,324.72

- 113,773,229.36 54,591,851.33 55,670,087.21 213,805,550.75

- 355,361,241.78 2,754,652,465.77 1,272,738,404.71 4,707,366,355.36

-$ 469,134,471.14$ 2,809,244,317.10$ 1,328,408,491.92$ 4,921,171,906.11$

UNAUDITED

57

Texas Water Development Board (580)Exhibit F-3 - Combining Statement of Cash Flows - Enterprise FundsFor the Fiscal Year Ended August 31, 2019


Agricultural Water

Conservation Fund

Texas Water Development Fund II Clearance Fund

Texas Water Development Fund

II(0301) (0358) (0370) (0371)

U/F (3010)CASH FLOWS FROM OPERATING ACTIVITIES

Payments to Suppliers for Goods and Services -$ -$ -$ -$ Payments to Employees - - - -

Net Cash Provided by Operating Activities - - - -

CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIESProceeds from Debt Issuance - - - 194,774.32 Proceeds from State Appropriations - - - - Proceeds from Transfers from Other Funds - - 126,401,971.24 3,470,000.00 Proceeds from Grant Receipts - - - - Proceeds from Interfund Payables - - - 8,332,737.79 Proceeds from Other Financing Activities - - - - Payments of Principal on Debt Issuance - - - - Payments of Interest (4,966,423.62) - - - Payments of Other Costs of Debt Issuance - - (28,822.50) (130,268.29) Payments for Transfers to Other Funds - (553,484.52) (153,518,852.67) (306,818,268.83) Payments for Grant Disbursements - - - - Payments for Interfund Receivables (8,167,737.79) - - - Payments for Other Uses - - - -

(13,134,161.41) (553,484.52) (27,145,703.93) (294,951,025.01)

CASH FLOWS FROM INVESTING ACTIVITIESProceeds from Interest and Investment Income 5,099,098.08 230,214.59 2,687,346.17 81,875,856.81 Proceeds from Principal Payments on Non-Program Loans 8,114,078.25 1,199,625.00 - 234,194,819.68 Payments for Non-program Loans Provided - (1,000,000.00) (191,839.66) (10,808,160.34)

Net Cash Provided by Investing Activities 13,213,176.33 429,839.59 2,495,506.51 305,262,516.15

Net (Decrease) in Cash and Cash Equivalents 79,014.92 (123,644.93) (24,650,197.42) 10,311,491.14

Cash and Cash Equivalents--September 1, 2018 1,800,906.85 7,928,279.03 92,049,580.41 23,680,870.43 Cash and Cash Equivalents--August 31, 2019 1,879,921.77$ 7,804,634.10$ 67,399,382.99$ 33,992,361.57$



Net Cash Provided by Noncapital Financing Activities

UNAUDITED

58

Texas Water Development Fund II Interest and Sinking

Fund




Fund(0372) (3050) (3050) (3050) Totals

U/F (0372) U/F (0362) U/F (0651) U/F (0951) (Exhibit V)

-$ -$ (197,412.53)$ (165,705.22)$ (363,117.75)$ - - (3,214,474.49) (2,958,286.56) (6,172,761.05) - - (3,411,887.02) (3,123,991.78) (6,535,878.80)

- 1,853,175,352.47 25,061,598.26 237,568,513.10 2,116,000,238.15 - - - 2,336,171.00 2,336,171.00

330,465,150.26 628,942,284.38 901,849,830.28 401,336,212.55 2,392,465,448.71 - - 72,589,330.18 81,759,468.39 154,348,798.57 - - - - 8,332,737.79 - 41,711,488.74 67,852,559.36 102,623,560.59 212,187,608.69

(271,480,000.00) (69,615,000.00) (19,099,191.77) (12,011,812.88) (372,206,004.65) (59,064,757.24) (183,417,978.53) (19,414,151.15) (10,171,262.65) (277,034,573.19)

- (967,827.13) (214,674.71) (634,602.30) (1,976,194.93) - (415,463,646.11) (901,849,830.28) (401,336,212.55) (2,179,540,294.96) - - (27,438,295.00) (32,566,928.09) (60,005,223.09) - - - - (8,167,737.79) - - (22,543.16) (23,220.12) (45,763.28)

(79,606.98) 1,854,364,673.82 99,314,632.01 368,879,887.04 1,986,695,211.02

136,806.01 112,191,905.75 569,500,322.40 292,063,699.53 1,063,785,249.34 - 175,913,044.38 307,301,800.00 87,159,098.01 813,882,465.32 - (2,129,321,158.12) (904,852,308.01) (642,355,132.20) (3,688,528,598.33)

136,806.01 (1,841,216,207.99) (28,050,185.61) (263,132,334.66) (1,810,860,883.67)

57,199.03 13,148,465.83 67,852,559.38 102,623,560.60 169,298,448.55

40,797.59 50,449,994.12 179,467,576.74 93,862,299.48 449,280,304.65 97,996.62$ 63,598,459.95$ 247,320,136.12$ 196,485,860.08$ 618,578,753.20$

UNAUDITED

59

Texas Water Development Board (580)Exhibit F-3 - Combining Statement of Cash Flows - Enterprise Funds (continued)For the Fiscal Year Ended August 31, 2019


Agricultural Water

Conservation Fund




Fund II(0301) (0358) (0370) (0371)

U/F (3010)Reconciliation of Operating Income to

Net Cash Provided by Operating Activities

Operating Income (Loss) (4,868,621.76)$ 219,867.39$ 2,624,720.13$ 43,401,095.06$

Adjustments to Reconcile Operating Income to Net Cash Provided by Operating Activities

Amortization and DepreciationBad Debt ExpenseOperating Income and Cash Flow Categories:

Classification DifferencesChanges in Assets and Liabilities:

(Increase) Decrease in Receivables 3,857,901.63 10,347.20 33,803.54 72,443,941.44 (Increase) Decrease in Due From Other Funds 2,579,553.19 (Increase) Decrease in Loans & Contracts 8,114,042.74 199,625.00 199,398,815.03 (Increase) Decrease in Other AssetsIncrease (Decrease) in Payables (8,167,737.79) - (268,008,289.96) Increase (Decrease) in Deposits (79,014.92) 123,644.96 24,650,197.42 (10,311,491.14) Increase (Decrease) in Unearned Revenues 1,143,430.10 (553,484.55) (27,308,721.09) (39,503,623.62) Increase (Decrease) in Other Liabilities -

Total Adjustments 4,868,621.76 (219,867.39) (2,624,720.13) (43,401,095.06) Net Cash Provided by Operating Activities -$ -$ -$ -$

- Non-Cash Transactions

Net Increase (Decrease) in Fair Value of Investments

Note: GAAP fund is shown as (XXXX). USAS D23 Fund is shown as U/F (XXXX), except as noted below:GAAP Fund 0301 - USAS D23 Funds 3010, 8301GAAP Fund 0358 - USAS D23 Funds 0358, 8358GAAP Fund 0370 - USAS D23 Funds 0340, 0370, 8370GAAP Fund 0371 - USAS D23 Funds 0341, 0371, 1341, 3417, 3717GAAP Fund 0372 - USAS D23 Funds 0343, 0372

UNAUDITED

60


Fund II Interest and Sinking Fund

State Water Implementation Fund for Texas

Clean Water State Revolving

Fund


Fund(0372) (3050) (3050) (3050) Totals

U/F (0372) U/F (0362) U/F (0651) U/F (0951) (Exhibit V)

(50,362,193.42)$ (99,705,408.91)$ 9,438,245.61$ 3,823,080.16$ (95,429,215.74)$

- -

-$

1.26 41,220,596.40 12,725,885.91 130,292,477.38 62,015,823.91 64,595,377.10

(1,797,200,000.00) (19,393,200.00) (95,873,401.99) (1,704,754,119.22) 209,235,785.70 209,235,785.70

(11,596,432.72) 30,596,859.92 (2,807,407.42) 234,646,965.77 (25,336,042.20) (57,199.03) (115,458,909.80) (36,643,191.03) (149,099,433.76) (286,875,397.30)

617,106.99 752,159.43 (64,853,132.74) 1,772,531,673.09 4,155,962.43 (10,099,247.30) 1,766,588,388.22

50,362,193.42 99,705,408.91 (12,850,132.63) (6,947,071.94) 88,893,336.94 -$ -$ (3,411,887.02)$ (3,123,991.78)$ (6,535,878.80)$

-

23,384,205.10$ 192,233.78$ 150,091.24$ 23,726,530.12$

UNAUDITED

61

Texas Water Development Board (580)Exhibit J-1 - Combining Statement of Changes in Assets and Liabilities - Agency FundsAugust 31, 2019

EndingBeginning BalanceBalance August 31, 2019

September 1, 2018 Additions Deductions (Exhibit VI)

ASSETSCurrent

Cash in State Treasury 592.16$ 13,466.08$ 12,745.08$ 1,313.16$ Total Assets 592.16$ 13,466.08$ 12,745.08$ 1,313.16$

LIABILITIESCurrent

Funds Held for Others 592.16$ 13,466.08$ 12,745.08$ 1,313.16$ Total Liabilities 592.16$ 13,466.08$ 12,745.08$ 1,313.16$

Totals - All Agency Funds

ASSETSCurrent

Cash in State Treasury 592.16$ 13,466.08$ 12,745.08$ 1,313.16$ Total Assets 592.16$ 13,466.08$ 12,745.08$ 1,313.16$

LIABILITIESCurrent

Funds Held for Others 592.16 13,466.08 12,745.08 1,313.16 Total Liabilities 592.16$ 13,466.08$ 12,745.08$ 1,313.16$


UNAUDITED

Child Support Employee Deductions Account (0807) U/F (8070)

62

Texas Water Development Board (580)Exhibit L-1 - Combining Statement of Net Position -

Discretely Presented Proprietary Component UnitAugust 31, 2019

Texas Water Resources Finance Authority (TWRFA) Totals

(3153) (Exhibit III) ASSETS


Cash in State Treasury -$ -$ Cash Equivalents - -

Short Term Investments 52,247.13 52,247.13 Receivables from:

Interest and Dividends 16,068.23 16,068.23 Loans and Contracts 381,000.00 381,000.00

Total Current Assets 449,315.36 449,315.36

Non-Current Assets:Loans and Contracts 2,668,000.00 2,668,000.00 Investments 48,000.00 48,000.00

Total Non-Current Assets 2,716,000.00 2,716,000.00 Total Assets 3,165,315.36$ 3,165,315.36$


Payables from:Accounts Payable 345.00$ 345.00$

Due to Primary Government - - Total Current Liabilities 345.00 345.00

Non-Current Liabilities: (Note 5)Revenue Bonds Payable - -

Total Non-Current Liabilities - - Total Liabilities 345.00$ 345.00$

NET POSITIONUnrestricted 3,164,970.36 3,164,970.36

Total Net Position 3,164,970.36$ 3,164,970.36$


UNAUDITED

63

Texas Water Development Board (580)Exhibit L-2 - Combining Statement of Revenues, Expenses, andChanges in Net Position - Discretely Presented Proprietary Component UnitFor the Fiscal Year Ended August 31, 2019

Texas Water Resources Finance Authority (TWRFA)

(3153) Totals(Exhibit IV)

OPERATING REVENUES:Interest and Investment Income (PR - OP Grants/Contributions) 222,946.18$ 222,946.18$ Net Increase (Decrease) Fair Market Value (PR - OP Grants/Contributions) - -

Total Operating Revenues 222,946.18$ 222,946.18$

OPERATING EXPENSES:Salaries and Wages -$ -$ Other Operating Expenses 4,840.96 4,840.96

Total Operating Expenses 4,840.96 4,840.96 Operating Income (Loss) 218,105.22$ 218,105.22$

NONOPERATING REVENUE (EXPENSES):Other Benefit Payments (PR - Grants/Contributions) (10,310,819.01)$ (10,310,819.01)$

Total Nonoperating Revenue (Expenses) (10,310,819.01) (10,310,819.01) (10,092,713.79)$ (10,092,713.79)$

OTHER REVENUES, EXPENSES, GAINS/LOSSESAND TRANSFERS:Transfers Out - -

- - Change in Net Position (10,092,713.79)$ (10,092,713.79)$

Total Net Position - Beginning 13,257,684.15 13,257,684.15 Total Net Position, August 31, 2019 3,164,970.36$ 3,164,970.36$




UNAUDITED

64

Other Information:Schedules

UNAUDITED

Schedule 1A - Schedule of Expenditures of Federal AwardsFor the Fiscal Year Ended August 31, 2019

FEDERAL GRANTOR/PASS-THROUGH GRANTOR/ CFDA Identifying Agy./ Agencies Non-State

PROGRAM TITLE Number R&D Number Univ. or Univ. EntitiesNo. Amount Amount

Department of the InteriorDirect Programs: Cooperative Agreements (Discretionary Grants)

National Geospatial Program: 15.817 Building The National Map

National Ground-Water Monitoring Network 15.980 Water Use and Data Research 15.981Total Department of the Interior 0.00 0.00

Environmental Protection Agency Direct Programs: Congressionally Mandated Projects 66.202 Capitalization Grants for Clean Water 66.458 State Revolving Funds Capitalization Grants for Drinking Water 66.468

State Revolving Funds Pass-Through To Programs: Texas Commission on Environmental Quality

Total Environmental Protection Agency 0.00 0.00

State Energy Program Pass-Through From: Comptroller - State Energy Conservation Office 84.041 907 17,843.64

Total Department of Defense 17,843.64 0.00

Department of Homeland Security Direct Programs:

Community Assistance Program State Support 97.023 Services Element (CAP-SSSE) Flood Mitigation Assistance 97.029 Cooperating Technical Partners 97.045 Severe Repetitive Loss Program 97.110

Total Department of Homeland Security 0.00 0.00

Total Expenditures of Federal Awards 17,843.64$ -$

Pass-Through From

66

UNAUDITED

Total TotalDirect PT From & Agy./ Agencies Non-State PT To &

Program Direct Program Univ. or Univ. Entities Expenditures ExpendituresAmount Amount No. Amount Amount Amount Amount

249,548.33 249,548.33 249,548.33 249,548.33

11,150.23 11,150.23 11,150.23 11,150.2319,090.59 19,090.59 19,090.59 19,090.59

279,789.15 279,789.15 0.00 0.00 279,789.15 279,789.15

15,857.66 15,857.66 15,857.66 15,857.6672,591,900.72 72,591,900.72 38,648,960.61 33,942,940.11 72,591,900.72

81,895,329.72 81,895,329.72 68,773,045.40 3,465,507.65 81,895,329.72

582 9,656,776.67

154,503,088.10 154,503,088.10 9,656,776.67 107,422,006.01 37,424,305.42 154,503,088.10

17,843.64 17,843.64 17,843.64

0.00 17,843.64 0.00 0.00 17,843.64 17,843.64

560,990.53 560,990.53 560,990.53 560,990.53

5,911,426.57 5,911,426.57 5,325,686.96 585,739.61 5,911,426.57365,039.29 365,039.29 322,208.92 42,830.37 365,039.29511,251.44 511,251.44 459,943.28 51,308.16 511,251.44

7,348,707.83 7,348,707.83 0.00 6,107,839.16 1,240,868.67 7,348,707.83

162,131,585.08$ 162,149,428.72$ 9,656,776.67$ 113,529,845.17$ 38,962,806.88$ 162,149,428.72$

Pass-Through To

67

Texas Water Development Board (580)Schedule 1A - Schedule of Expenditures of Federal AwardsFor the Fiscal Year Ended August 31, 2019

Note 1 - NonMonetary Assistance

The Texas Water Development Board did not have any Donation of Federal Surplus Personal Propertyfor Fiscal Year 2019.

Note 2 - Reconciliation

Per Combined Statement of Revenues, Expenditures and Changes in Fund Balance

Governmental Funds - Federal Revenue (Exh. II) 7,644,354.64$ - Federal Pass-Through Revenue (Exh. II) 17,843.64

Proprietary Funds - Federal Revenue (Exh. IV) 154,487,230.44 - Federal Pass-Through Revenue (Exh. IV) -

Reconciling Items:

-

Subtotal 162,149,428.72$

Total Pass-Through and Expenditures per Federal Schedule 162,149,428.72$

Note 3b - Federally Funded Loans Processed and Administrative Costs Recovered

Beginning Balances Draws for Admin Costs Total Draws for Ending Balancesof Loans Recovered Loans & of Loans

Outstanding Loans (SEFA labeled as Admin Costs as of New Loans Process) (SEFA- same label) Recovered Prior Fys

U.S. Environmental Protection Agency

66.458 Capitalization Grants for Clean 2,595,961,330.00$ 69,154,900.00$ 3,437,000.72$ 72,591,900.72$ 2,615,354,530.00$ Water State Revolving Funds66.468 Capitalization Grants for Drinking 1,157,040,385.62$ 68,773,045.40$ 3,465,507.65$ 72,238,553.05$ 1,252,913,787.61$ Water State Revolving Funds

American Recovery and Reinvestment ActU.S. Environmental Protection Agency

66.458 ARRA Capitalization Grants for Clean Water State Revolving Funds66.468 ARRA Capitalization Grants for Drinking Water State Revolving Funds

3,753,001,715.62$ 137,927,945.40$ 6,902,508.37$ 144,830,453.77$ 3,868,268,317.61$

Federal Grantor/CFDA Number/Program Name

Total U.S. Environmental Protection Agency

68

Texas Water Development Board (580)Schedule 1B - State Grant Pass-Throughs From/To State AgenciesFor the Fiscal Year Ended August 31, 2019

Pass-Through To:Texas AgriLife Extension Service (Agency 555)

Water Systems Efficiency - Agricultural Water Conservation 124,626.17$

Texas AgriLife Research (Agency 556)Water Systems Efficiency - Agricultural Water Conservation 8,483.08 Phytoplankton Responses To Freshwater Inflows In the Trinity - 4,377.29

San Jacinto EstuaryWater Systems Efficiency - Research and Planning 42,702.49

Texas A&M University (Agency 711)Water Systems Efficiency - Research and Planning -

University of Texas at Arlington (Agency 714)Water Systems Efficiency - Research and Planning 45,480.55

Texas A&M University - Galveston (Agency 718)Water Systems Efficiency - Research and Planning -

University of Texas at Austin (Agency 721)Water Systems Efficiency - Research and Planning 60,170.93 Hydrodynamic Model Development for Trinity River Delta -

Texas A&M University - Kingsville (Agency 732)Water Systems Efficiency - Agricultural Water Conservation 120,398.30

Texas Tech University (Agency 733)Water Systems Efficiency - Agricultural Water Conservation 586,215.48

Texas A&M University - San Antonio (Ageny 749)Water Systems Efficiency - Research and Planning 1,810.05

Texas State University(Ageny 754)Water Systems Efficiency - Research and Planning 18,476.74

University of Houston - Clear Lake (Agency 759)Water Systems Efficiency - Research and Planning 54,996.21

Texas A&M University - Corpus Christi (Agency 760)Water Systems Efficiency - Research and Planning 200,621.56

Parks and Wildlife Department (Agency 802)Water Systems Efficiency - Research and Planning 74,540.72

Total Pass-Through To Other Agencies (Exhibit II) 1,342,899.57$

UNAUDITED

69

Texas Water Development Board (580)Schedule 2A - Miscellaneous Bond InformationFor the Fiscal Year Ended August 31, 2019

Bonds FirstIssued Range of First Last Call

Description of Issue To Date Interest Rates Year Year Date

Governmental Activities

General Obligation Bonds - Non-Self Supporting

ECONOMICALLY DISTRESSED AREAS PROGRAMW Fin Asst Bds Ser '09F 24,540,000.00 2.000% 5.000% 2010 2026 08/01/2019W Fin Asst Bds Ser '10D 32,350,000.00 3.000% 4.000% 2011 2026 08/01/2020W Fin Asst Bds Ser '12B 14,955,000.00 2.000% 5.000% 2012 2031 08/01/2021W Fin Asst Ref Bds Tax Ser '12D 15,725,000.00 0.250% 1.906% 2012 2019 N/AW Fin Asst Bds Ser '12F 29,385,000.00 1.625% 5.000% 2013 2032 08/01/2022W Fin Asst Ref Bds Tax Ser '13E 15,095,000.00 0.220% 3.682% 2014 2024 08/01/2022W Fin Asst Ref Bds Tax Ser '15-C1 7,365,000.00 0.180% 2.571% 2015 2023 N/AW Fin Asst Ref Bds Ser '15-C2 9,550,000.00 3.000% 4.000% 2015 2029 08/01/2023W Fin Asst Bds Ser '15E 43,715,000.00 2.000% 5.000% 2015 2035 08/01/2025W Fin Asst Bds Ser '16A 45,735,000.00 2.000% 5.000% 2016 2035 08/01/2025W Fin Asst Ref Bds Ser '16-C1 28,815,000.00 4.000% 5.000% 2017 2025 N/AW Fin Asst Ref Bds Tax Ser '16-C2 1,310,000.00 0.718% 2.165% 2017 2024 N/AW Fin Asst Ref Bds Ser '17B 13,520,000.00 4.000% 5.000% 2018 2032 08/01/2027W Fin Asst Bds Ser '19A 41,325,000.00 3.000% 5.000% 2019 2038 08/01/2028W Fin Asst Bds Tax Ser '19B 8,821,000.00 2.600% 3.250% 2019 2023 N/AW Fin Asst Ref Bds Ser '19F 7,355,000.00 5.000% 5.000% 2020 2025 N/ASubtotal Economically Distressed Areas Program 339,561,000.00$

WATER INFRASTUCTURE FUNDW Fin Asst Bds Ser '09E 101,400,000.00 2.000% 5.000% 2010 2029 08/01/2019W Fin Asst Bds Ser '10B 143,225,000.00 4.000% 5.000% 2011 2030 08/01/2019W Fin Asst Bds Ser '11A 129,540,000.00 1.000% 5.000% 2011 2030 08/01/2021W Fin Asst Bds Ser '12A 39,930,000.00 2.000% 5.000% 2012 2031 08/01/2021W Fin Asst Bds Ser '13A 42,470,000.00 1.000% 5.000% 2013 2032 08/01/2022W Fin Asst Ref Bds Ser '19E-1 42,600,000.00 5.000% 5.000% 2020 2022 N/AW Fin Asst Ref Bds Ser '19E-2 79,390,000.00 2.250% 2.250% 2023 2029 08/01/2020Subtotal Water Infrastructure Fund 578,555,000.00$

General Obligation Bonds - Self Supporting

WATER INFRASTUCTURE FUNDW Fin Asst Ref Bds Ser '18B-1 48,000,000.00 5.000% 5.000% 2022 2027 08/01/2021W Fin Asst Ref Bds Ser '18B-2 48,000,000.00 5.000% 5.000% 2025 2028 08/01/2024W Fin Asst Ref Bds Ser '18B-3 142,895,000.00 5.000% 5.000% 2019 2027 N/ASubtotal Water Infrastructure Fund 238,895,000.00$

SUBTOTAL GOVERNMENTAL ACTIVITIES: 1,157,011,000.00$


General Obligation Bonds - Self-Supporting

STATE PARTICIPATION PROGRAMW Dev Ref Bds Ser '09-D 49,775,000.00 4.000% 5.000% 2020 2035 08/01/2019W Fin Asst Bds Ser '10C 42,280,000.00 2.000% 5.000% 2010 2030 08/01/2019W Fin Asst Ref Bds Tax Ser '12E 22,215,000.00 2.656% 4.058% 2021 2035 08/01/2022W Fin Asst Ref Bds Tax Ser '13D 20,000,000.00 0.225% 4.847% 2014 2035 08/01/2022W Fin Asst Ref Bds Ser '16D 11,550,000.00 5.000% 5.000% 2023 2035 08/01/2022W Fin Asst Ref Bds Ser '19D 21,320,000.00 5.000% 5.000% 2020 2030 0801/2026Subtotal State Participation Program 167,140,000.00$

WATER DEVELOPMENT FUND (WDF)W Dev Bds Ser '09-C-1 225,385,000.00 3.000 % 5.000 % 2010 2039 08/01/2019W Dev Ref Bds Ser '09-C-2 57,260,000.00 2.000 % 5.000 % 2010 2023 08/01/2019W Fin Asst Bds Ser '10A 20,270,000.00 1.750 % 4.250 % 2011 2030 08/01/2019W Fin Asst Bds Ser '11B 92,255,000.00 2.000 % 5.000 % 2012 2031 08/01/2021W Fin Asst Bds Ser '12C 149,645,000.00 2.000 % 5.000 % 2014 2038 08/01/2021W Fin Asst Bds Ser '12G 156,065,000.00 2.000 % 5.000 % 2013 2041 08/01/2022W Fin Asst Bds Ser '13B 56,515,000.00 4.000 % 5.000 % 2014 2033 08/01/2023W Fin Asst Ref Bds Ser '13C 32,215,000.00 3.000 % 5.000 % 2014 2021 N/AW Fin Asst Ref Bds Tax Ser '13G 73,465,000.00 0.225 % 4.847 % 2014 2035 08/01/2022

UNAUDITED

Scheduled Maturities

70

Texas Water Development Board (580)Schedule 2A - Miscellaneous Bond InformationFor the Fiscal Year Ended August 31, 2019

Bonds FirstIssued Range of First Last Call

Description of Issue To Date Interest Rates Year Year Date

UNAUDITED

Scheduled Maturities

W Fin Asst Ref Bds Tax Ser '15-B1 44,645,000.00 0.857 % 3.726 % 2015 2043 08/01/2023W Fin Asst Bds Ser '15D 234,795,000.00 2.500 % 5.000 % 2021 2045 05/15/2025W Fin Asst Bds Ser '15F 37,790,000.00 2.000 % 5.000 % 2015 2024 N/AW Fin Asst Bds Tax Ser '15G 11,415,000.00 0.600 % 3.682 % 2016 2030 08/01/2024W Fin Asst & Ref Bds Ser '16-B1 58,555,000.00 4.000 % 5.000 % 2017 2045 08/01/2026W Fin Asst & Ref Bds Ser '16-B2 30,360,000.00 2.000 % 2.000 % 2020 2025 08/01/2017W Fin Asst & Ref Bds Tax Ser '16-B3 18,950,000.00 0.718 % 2.645 % 2017 2027 08/01/2022W Fin Asst & Ref Bds Ser '17A 53,815,000.00 4.000 % 5.000 % 2018 2045 08/01/2027W Fin Asst & Ref Bds Tax Ser '17C 21,535,000.00 1.375 % 3.820 % 2018 2037 08/01/2027W Fin Asst & Ref Bds Ser '18A 61,280,000.00 4.000 % 5.000 % 2018 2029 08/01/2025W Fin Asst Ref Bds Ser '19C-1 24,075,000.00 5.000 % 5.000 % 2020 2022 N/AW Fin Asst Ref Bds Ser '19C-2 26,060,000.00 1.850 % 1.850 % 2023 2029 08/01/2020Subtotal Water Development Fund (WDF) 1,486,350,000.00$

Revenue Bonds - Self-Supporting

STATE WATER IMPLEMENTATION REVENUE FUND FOR TEXASSWIRFT Rev Bds Ser '15A 798,450,000.00 2.000% 5.000% 2016 2050 10/15/2025SWIRFT Rev Bds Tax Ser '15B 11,960,000.00 0.450% 4.648% 2016 2050 10/15/2025SWIRFT Rev Bds Ser '16 600,065,000.00 2.000% 5.250% 2017 2051 10/15/2026SWIRFT Rev Bds Ser '17A 1,046,970,000.00 1.500% 5.000% 2018 2052 10/15/2027SWIRFT Rev Bds Tax Ser '17B 18,935,000.00 1.520% 3.700% 2018 2047 10/15/2027SWIRFT Rev Bds Ser '18A 832,065,000.00 4.000% 5.000% 2018 2048 04/15/2028SWIRFT Rev Bds Ser '18B 1,672,210,000.00 2.000% 5.000% 2019 2053 10/15/2028SWIRFT Rev Bds Tax Ser '18C 35,590,000.00 2.700% 4.340% 2019 2048 10/15/2028Subtotal SWIRFT Revenue Bonds 5,016,245,000.00$

STATE REVOLVING FUND State Revolving Fund Rev Bds New Ser '18 288,395,000.00 4.000% 5.000% 2019 2038 08/01/2027State Revolving Fund Rev Bds New Ser '19 221,005,000.00 4.000% 5.000% 2020 2029 08/01/2029

509,400,000.00$

SUBTOTAL BUSINESS TYPE ACTIVITIES: 7,179,135,000.00$

TOTAL TEXAS WATER DEVELOPMENT BOARD 8,336,146,000.00$

71

Texas Water Development Board (580)Schedule 2B - Changes in Bonded IndebtednessFor the Fiscal Year Ended August 31, 2019

Bonds Bonds Bonds Outstanding Bonds Matured or Refunded or

Description of Issue 9/1/18 Issued Retired Extinguished

Governmental Type ActivitiesGeneral Obligation Bonds - Non Self-Supporting

ECONOMICALLY DISTRESSED AREAS PROGRAM (EDAP)W Fin Asst Bds Ser '09F 9,905,000.00 - 1,240,000.00 8,665,000.00 W Fin Asst Bds Ser '10D 16,160,000.00 - 2,020,000.00 -W Fin Asst Bds Ser '12B 9,965,000.00 - 770,000.00 -W Fin Asst Ref Bds Tax Ser '12D 5,270,000.00 - 5,270,000.00 -W Fin Asst Bds Ser '12F 20,565,000.00 - 1,470,000.00 -W Fin Asst Ref Bds Tax Ser '13E 8,560,000.00 - 1,330,000.00 -W Fin Asst Ref Bds Tax Ser '15-C1 4,450,000.00 - 855,000.00 -W Fin Asst Ref Bds Ser '15-C2 7,920,000.00 - 270,000.00 -W Fin Asst Bds Ser '15E 32,550,000.00 - 1,915,000.00 -W Fin Asst Bds Ser '16A 39,515,000.00 - 2,325,000.00 -W Fin Asst Ref Bds Ser '16-C1 23,695,000.00 - 2,815,000.00 -W Fin Asst Ref Bds Tax Ser '16-C2 1,025,000.00 - 150,000.00 -W Fin Asst Ref Bds Ser '17B 12,955,000.00 - 660,000.00 -W Fin Asst Bds Ser '19A - 41,325,000.00 745,000.00 -W Fin Asst Bds Tax Ser '19B - 8,821,000.00 1,764,000.00 -W Fin Asst Ref Bds Ser '19F - 7,355,000.00 - -Subtotal Economically Distressed Areas (EDAP) 192,535,000.00$ 57,501,000.00$ 23,599,000.00$ 8,665,000.00$

WATER INFRASTRUCTURE FUND (WIF)W Fin Asst Bds Ser '09E 50,675,000.00 - 4,675,000.00 46,000,000.00 W Fin Asst Bds Ser '10B 85,920,000.00 - 7,160,000.00 78,760,000.00 W Fin Asst Bds Ser '11A 81,100,000.00 - 6,760,000.00 -W Fin Asst Bds Ser '12A 26,640,000.00 - 2,050,000.00 -W Fin Asst Bds Ser '13A 30,855,000.00 - 2,205,000.00 -W Fin Asst Ref Bds Ser '19E-1 - 42,600,000.00 - -W Fin Asst Ref Bds Ser '19E-2 - 79,390,000.00 - -Subtotal Water Infrastructure Fund (WIF) 275,190,000.00$ 121,990,000.00$ 22,850,000.00$ 124,760,000.00$

General Obligation Bonds - Self-Supporting

WATER INFRASTRUCTURE FUND (WIF)W Fin Asst Ref Bds Ser '18B-1 48,000,000.00 - - 8,450,000.00 W Fin Asst Ref Bds Ser '18B-2 48,000,000.00 - - -W Fin Asst Ref Bds Ser '18B-3 142,895,000.00 - 21,155,000.00 1,975,000.00 Subtotal Water Infrastructure Fund (WIF) 238,895,000.00$ -$ 21,155,000.00$ 10,425,000.00$

SUBTOTAL GOVERNMENTAL TYPE ACTIVITIES: 706,620,000.00$ 179,491,000.00$ 67,604,000.00$ 143,850,000.00$

Business-Type ActivitiesGeneral Obligation Bonds - Self Supporting

STATE PARTICIPATION PROGRAMW Dev Ref Bds Ser '07-B - - W Dev Ref Bds Ser '09-D 22,110,000.00 - - 7,155,000.00 W Fin Asst Bds Ser '10C 26,860,000.00 - 2,235,000.00 24,625,000.00 W Fin Asst Ref Bds Tax Ser '12E 22,215,000.00 - - -W Fin Asst Ref Bds Tax Ser '13D 19,300,000.00 - 75,000.00 -W Fin Asst Ref Bds Ser '16D 11,550,000.00 - - -W Fin Asst Ref Bds Ser '19D - 21,320,000.00 - -Subtotal State Participation Program (SP) 102,035,000.00$ 21,320,000.00$ 2,310,000.00$ 31,780,000.00$

WATER DEVELOPMENT FUND (WDF)W Dev Bds Ser '09-C-1 197,010,000.00 - 6,720,000.00 190,290,000.00 W Dev Ref Bds Ser '09-C-2 21,305,000.00 - 1,305,000.00 20,000,000.00 W Fin Asst Bds Ser '10A 16,270,000.00 - 1,105,000.00 15,165,000.00 W Fin Asst Bds Ser '11B 85,755,000.00 - 4,980,000.00 -W Fin Asst Bds Ser '12C 131,285,000.00 - 4,140,000.00 -W Fin Asst Bds Ser '12G 149,000,000.00 - 1,010,000.00 -W Fin Asst Bds Ser '13B 48,280,000.00 - 1,850,000.00 -W Fin Asst Ref Bds Ser '13C 18,730,000.00 - 6,000,000.00 -W Fin Asst Ref Bds Tax Ser '13G 62,270,000.00 - 4,165,000.00 -W Fin Asst Ref Bds Tax Ser '15-B1 26,310,000.00 - - -W Fin Asst Bds Ser '15D 234,795,000.00 - - -W Fin Asst Bds Ser '15F 21,605,000.00 - 4,280,000.00 -W Fin Asst Bds Tax Ser '15G 9,420,000.00 - 680,000.00 -W Fin Asst & Ref Bds Ser '16-B1 47,930,000.00 - 8,345,000.00 -W Fin Asst & Ref Bds Ser '16-B2 25,475,000.00 - - 25,475,000.00 W Fin Asst & Ref Bds Tax Ser '16-B3 14,325,000.00 - 2,230,000.00 -W Fin Asst & Ref Bds Ser '17A 43,005,000.00 - 9,565,000.00 - W Fin Asst & Ref Bds Tax Ser '17C 20,895,000.00 - 730,000.00 -W Fin Asst & Ref Bds Ser '18A 56,055,000.00 - 5,520,000.00 -

UNAUDITED

72


Bonds Net Bonds Amounts Due Principal Due AmortizationOutstanding Unamortized Outstanding Within Within Due Within

8/31/19 Premium 8/31/2019 One Year One Year One Year

- - - - - - 14,140,000.00 1,106,345.64 15,246,345.64 2,178,049.38 2,020,000.00 158,049.38 9,195,000.00 590,156.56 9,785,156.56 819,179.71 770,000.00 49,179.71

- - - - - - 19,095,000.00 3,039,170.47 22,134,170.47 1,703,782.35 1,470,000.00 233,782.35 7,230,000.00 - 7,230,000.00 1,360,000.00 1,360,000.00 - 3,595,000.00 - 3,595,000.00 870,000.00 870,000.00 - 7,650,000.00 698,871.55 8,348,871.55 324,887.16 255,000.00 69,887.16

30,635,000.00 4,784,713.05 35,419,713.05 2,214,044.56 1,915,000.00 299,044.56 37,190,000.00 3,409,378.03 40,599,378.03 2,538,086.13 2,325,000.00 213,086.13 20,880,000.00 3,495,462.02 24,375,462.02 6,032,577.01 5,450,000.00 582,577.01

875,000.00 - 875,000.00 245,000.00 245,000.00 - 12,295,000.00 2,320,861.27 14,615,861.27 873,527.79 695,000.00 178,527.79 40,580,000.00 3,659,523.12 44,239,523.12 937,606.48 745,000.00 192,606.48 7,057,000.00 - 7,057,000.00 1,764,000.00 1,764,000.00 - 7,355,000.00 804,121.78 8,159,121.78 1,369,020.30 1,235,000.00 134,020.30

217,772,000.00$ 23,908,603.49$ 241,680,603.49$ 23,229,760.87$ 21,119,000.00$ 2,110,760.87$

- - - - - - - - - - - -

74,340,000.00 8,792,010.04 83,132,010.04 7,559,273.64 6,760,000.00 799,273.64 24,590,000.00 4,761,658.24 29,351,658.24 2,446,804.85 2,050,000.00 396,804.85 28,650,000.00 5,088,370.04 33,738,370.04 2,596,413.08 2,205,000.00 391,413.08 42,600,000.00 2,694,081.86 45,294,081.86 14,973,027.29 14,075,000.00 898,027.29 79,390,000.00 - 79,390,000.00 - - -

249,570,000.00$ 21,336,120.18$ 270,906,120.18$ 27,575,518.86$ 25,090,000.00$ 2,485,518.86$

39,550,000.00 3,376,064.00 42,926,064.00 422,008.00 - 422,008.00 48,000,000.00 5,899,115.46 53,899,115.46 655,457.27 - 655,457.27

119,765,000.00 13,002,540.84 132,767,540.84 21,485,317.61 19,860,000.00 1,625,317.61 207,315,000.00$ 22,277,720.30$ 229,592,720.30$ 22,562,782.88$ 19,860,000.00$ 2,702,782.88$

674,657,000.00$ 67,522,443.97$ 742,179,443.97$ 73,368,062.61$ 66,069,000.00$ 7,299,062.61$

- - - 14,955,000.00 - 14,955,000.00 720,000.00 720,000.00 -

- - - - - - 22,215,000.00 - 22,215,000.00 - - - 19,225,000.00 - 19,225,000.00 80,000.00 80,000.00 - 11,550,000.00 1,943,038.23 13,493,038.23 121,439.89 - 121,439.89 21,320,000.00 3,339,359.93 24,659,359.93 2,293,578.18 1,990,000.00 303,578.18 89,265,000.00$ 5,282,398.16$ 94,547,398.16$ 3,215,018.07$ 2,790,000.00$ 425,018.07$

- - - - - - - - - - - - - - - - - -

80,775,000.00 6,919,295.60 87,694,295.60 5,806,607.97 5,230,000.00 576,607.97 127,145,000.00 8,953,718.01 136,098,718.01 4,776,248.31 4,305,000.00 471,248.31 147,990,000.00 17,960,776.40 165,950,776.40 1,886,398.93 1,070,000.00 816,398.93 46,430,000.00 3,254,321.84 49,684,321.84 2,157,451.56 1,925,000.00 232,451.56 12,730,000.00 1,319,309.61 14,049,309.61 6,659,654.81 6,000,000.00 659,654.81 58,105,000.00 - 58,105,000.00 5,375,000.00 5,375,000.00 - 26,310,000.00 - 26,310,000.00 - - -

234,795,000.00 17,444,371.20 252,239,371.20 670,937.35 - 670,937.35 17,325,000.00 2,445,728.66 19,770,728.66 4,549,145.74 4,060,000.00 489,145.74 8,740,000.00 - 8,740,000.00 695,000.00 695,000.00 -

39,585,000.00 9,235,614.70 48,820,614.70 2,700,215.95 2,345,000.00 355,215.95 - - - - - -

12,095,000.00 - 12,095,000.00 2,255,000.00 2,255,000.00 - 33,440,000.00 6,530,630.37 39,970,630.37 2,996,178.09 2,745,000.00 251,178.09 20,165,000.00 - 20,165,000.00 735,000.00 735,000.00 - 50,535,000.00 7,007,810.08 57,542,810.08 6,415,781.01 5,715,000.00 700,781.01

UNAUDITED

73

Texas Water Development Board (580)Schedule 2B - Changes in Bonded IndebtednessFor the Fiscal Year Ended August 31, 2019

Bonds Bonds Bonds Outstanding Bonds Matured or Refunded or

Description of Issue 9/1/18 Issued Retired Extinguished

UNAUDITED

W Fin Asst Ref Bds Ser '19C-1 - 24,075,000.00 - - W Fin Asst Ref Bds Ser '19C-2 - 26,060,000.00 - - Subtotal Water Development Fund (WDF) 1,229,720,000.00$ 50,135,000.00$ 62,625,000.00$ 250,930,000.00$

Subtotal General Obligation Bonds 1,331,755,000.00$ 71,455,000.00$ 64,935,000.00$ 282,710,000.00$

Business-Type ActivitiesRevenue Bonds - Self-Supporting

STATE WATER IMPLEMENTATION REVENUE FUND FOR TEXAS (SWIRFT)SWIRFT Rev Bds Ser '15A 766,575,000.00 - 16,970,000.00 - SWIRFT Rev Bds Tax Ser '15B 11,630,000.00 - 155,000.00 - SWIRFT Rev Bds Ser '16 595,565,000.00 - 6,000,000.00 - SWIRFT Rev Bds Ser '17A 1,026,970,000.00 - 20,490,000.00 - SWIRFT Rev Bds Tax Ser '17B 18,935,000.00 - - - SWIRFT Rev Bds Ser '18A 832,065,000.00 - 20,000,000.00 - SWIRFT Rev Bds Ser '18B - 1,672,210,000.00 6,000,000.00 - SWIRFT Rev Bds Tax Ser '18C - 35,590,000.00 - - Subtotal SWIRFT Revenue Bonds 3,251,740,000.00$ 1,707,800,000.00$ 69,615,000.00$ -$

STATE REVOLVING FUND (SRF)State Revolving Fund Rev Bds New Ser '18 288,395,000.00 7,315,000.00 - State Revolving Fund Rev Bds New Ser '19 221,005,000.00 Subtotal State Revolving Fund Revenue Bonds (SRF) 288,395,000.00$ 221,005,000.00$ 7,315,000.00$ -$

Subtotal Revenue Bonds 3,540,135,000.00$ 1,928,805,000.00$ 76,930,000.00$ -$

SUBTOTAL BUSINESS-TYPE ACTIVITIES 4,871,890,000.00$ 2,000,260,000.00$ 141,865,000.00$ 282,710,000.00$

TOTAL TEXAS WATER DEVELOPMENT BOARD 5,578,510,000.00$ 2,179,751,000.00$ 209,469,000.00$ 426,560,000.00$

74


Bonds Net Bonds Amounts Due Principal Due AmortizationOutstanding Unamortized Outstanding Within Within Due Within

8/31/19 Premium 8/31/2019 One Year One Year One Year

UNAUDITED

24,075,000.00 1,511,937.92 25,586,937.92 9,033,979.31 8,530,000.00 503,979.31 26,060,000.00 - 26,060,000.00 - - -

966,300,000.00$ 82,583,514.39$ 1,048,883,514.39$ 56,712,599.03$ 50,985,000.00$ 5,727,599.03$

1,055,565,000.00$ 87,865,912.55$ 1,143,430,912.55$ 59,927,617.10$ 53,775,000.00$ 6,152,617.10$

749,605,000.00 82,959,550.84 832,564,550.84 20,416,114.54 17,740,000.00 2,676,114.54 11,475,000.00 - 11,475,000.00 155,000.00 155,000.00 -

589,565,000.00 92,098,634.48 681,663,634.48 9,970,923.69 7,000,000.00 2,970,923.69 1,006,480,000.00 126,025,847.82 1,132,505,847.82 22,903,307.74 18,965,000.00 3,938,307.74

18,935,000.00 - 18,935,000.00 505,000.00 505,000.00 - 812,065,000.00 72,999,584.79 885,064,584.79 23,207,128.03 20,600,000.00 2,607,128.03

1,666,210,000.00 146,539,147.08 1,812,749,147.08 22,731,832.77 18,545,000.00 4,186,832.77 35,590,000.00 - 35,590,000.00 500,000.00 500,000.00 -

4,889,925,000.00$ 520,622,765.01$ 5,410,547,765.01 100,389,306.77$ 84,010,000.00$ 16,379,306.77$

281,080,000.00 38,701,879.99 319,781,879.99 13,535,039.63 11,280,000.00 2,255,039.63 221,005,000.00 41,203,158.13 262,208,158.13 11,395,081.94 8,985,000.00 2,410,081.94 502,085,000.00$ 79,905,038.12$ 581,990,038.12$ 24,930,121.57$ 20,265,000.00$ 4,665,121.57$

.5,392,010,000.00$ 600,527,803.13$ 5,992,537,803.13$ 125,319,428.34$ 104,275,000.00$ 21,044,428.34$

6,447,575,000.00$ 688,393,715.68$ 7,135,968,715.68$ 185,247,045.44$ 158,050,000.00$ 27,197,045.44$

7,122,232,000.00$ 755,916,159.65$ 7,878,148,159.65$ 258,615,108.05$ 224,119,000.00$ 34,496,108.05$

75

UNAUDITED

Texas Water Development Board (580)Schedule 2C - Debt Service RequirementsFor Fiscal Year Ended August 31, 2019

Description of Issue 2020 2021 2022 2023Governmental ActivitiesGeneral Obligation Bonds - Non-Self-SupportingECONOMICALLY DISTRESSED AREAS PROGRAM (EDAP)W Fin Asst Bds Ser '10D Principal 2,020,000.00 2,020,000.00 2,020,000.00 2,020,000.00 Interest 560,600.00 479,800.00 399,000.00 318,200.00 W Fin Asst Bds Ser '12B Principal 770,000.00 770,000.00 770,000.00 765,000.00 Interest 295,831.26 280,431.26 257,331.26 241,931.26 W Fin Asst Bds Ser '12F Principal 1,470,000.00 1,470,000.00 1,470,000.00 1,470,000.00 Interest 882,915.00 824,115.00 750,615.00 677,115.00 W Fin Asst Ref Bds Tax Ser '13E Principal 1,360,000.00 1,400,000.00 1,440,000.00 1,490,000.00 Interest 236,601.60 199,038.40 156,590.40 109,329.60 W Fin Asst Ref Bds Tax Ser '15C-1 Principal 870,000.00 885,000.00 910,000.00 930,000.00 Interest 83,934.94 66,221.74 46,123.40 23,910.30 W Fin Asst Ref Bds Ser '15C-2 Principal 255,000.00 240,000.00 215,000.00 195,000.00 Interest 306,000.00 295,800.00 286,200.00 277,600.00 W Fin Asst Bds Ser '15E Principal 1,915,000.00 1,915,000.00 1,915,000.00 1,915,000.00 Interest 1,531,750.00 1,436,000.00 1,340,250.00 1,244,500.00 W Fin Asst Bds Ser '16A Principal 2,325,000.00 2,325,000.00 2,325,000.00 2,325,000.00 Interest 1,423,762.50 1,307,512.50 1,191,262.50 1,144,762.50 W Fin Asst Ref Bds Ser '16C-1 Principal 5,450,000.00 4,325,000.00 4,240,000.00 3,095,000.00 Interest 1,044,000.00 771,500.00 555,250.00 343,250.00 W Fin Asst Ref Bds Tax Ser '16C-2 Principal 245,000.00 195,000.00 185,000.00 140,000.00 Interest 14,480.76 11,283.50 8,348.76 5,135.30 W Fin Asst Ref Bds Ser '17B Principal 695,000.00 730,000.00 765,000.00 805,000.00 Interest 614,750.00 580,000.00 543,500.00 505,250.00 W Fin Asst Bds Ser '19A Principal 745,000.00 745,000.00 745,000.00 745,000.00 Interest 1,665,775.00 1,628,525.00 1,591,275.00 1,554,025.00 W Fin Asst Bds Tax Ser '19B Principal 1,764,000.00 1,764,000.00 1,764,000.00 1,765,000.00 Interest 207,037.90 159,939.10 112,487.50 57,362.50 W Fin Asst Ref Bds Ser '19F Principal 1,235,000.00 1,250,000.00 1,250,000.00 1,260,000.00 Interest 367,750.00 306,000.00 243,500.00 181,000.00 Subtotal Economically Distressed Areas Program (EDAP) 30,354,188.96 28,380,166.50 27,495,733.82 25,603,371.46 Less Economically Distressed Areas Program (EDAP) Interest (9,235,188.96) (8,346,166.50) (7,481,733.82) (6,683,371.46) Subtotal Economically Distressed Areas Program (EDAP) Principal 21,119,000.00$ 20,034,000.00$ 20,014,000.00$ 18,920,000.00$

WATER INFRASTRUCTURE FUND (WIF)W Fin Asst Bds Ser '11A Principal 6,760,000.00 6,760,000.00 6,760,000.00 6,760,000.00 Interest 3,713,500.00 3,375,500.00 3,037,500.00 2,699,500.00 W Fin Asst Bds Ser '12A Principal 2,050,000.00 2,050,000.00 2,050,000.00 2,050,000.00 Interest 1,198,750.00 1,096,250.00 993,750.00 891,250.00 W Fin Asst Bds Ser '13A Principal 2,205,000.00 2,205,000.00 2,205,000.00 2,205,000.00 Interest 1,346,450.00 1,258,250.00 1,158,000.00 1,057,750.00 W Fin Asst Ref Bds Ser '19E-1 Principal 14,075,000.00 14,205,000.00 14,320,000.00 - Interest 2,130,000.00 1,426,250.00 716,000.00 - W Fin Asst Ref Bds Ser '19E-2 Principal - - - 13,055,000.00 Interest 1,786,275.00 1,786,275.00 1,786,275.00 3,175,600.00 Subtotal Water Infrastructure Fund (WIF) 35,264,975.00 34,162,525.00 33,026,525.00 31,894,100.00 Less Water Infrastructure Fund (WIF) Interest (10,174,975.00) (8,942,525.00) (7,691,525.00) (7,824,100.00) Subtotal Water Infrastructure Fund (WIF) Principal 25,090,000.00$ 25,220,000.00$ 25,335,000.00$ 24,070,000.00$

Total General Obligation Bonds - Non-Self-Supporting Principal 46,209,000.00$ 45,254,000.00$ 45,349,000.00$ 42,990,000.00$

Governmental ActivitiesGeneral Obligation Bonds - Self SupportingWATER INFRASTRUCTURE FUND (WIF)W Fin Asst Ref Bds Ser '18B-1

76

UNAUDITED

2024 2025-2029 2030-2034 2035-2039 2040-2044 2045-2049 2050-2054Total

Requirements

2,020,000.00 4,040,000.00 - - - - - 14,140,000.00 237,400.00 237,400.00 - - - - - 2,232,400.00

765,000.00 3,825,000.00 1,530,000.00 - - - - 9,195,000.00 226,631.26 843,412.52 114,750.00 - - - - 2,260,318.82

1,470,000.00 7,350,000.00 4,395,000.00 - - - - 19,095,000.00 603,615.00 1,915,575.00 297,395.00 - - - - 5,951,345.00

1,540,000.00 - - - - - - 7,230,000.00 56,702.80 - - - - - - 758,262.80

- - - - - - - 3,595,000.00 - - - - - - - 220,190.38

1,125,000.00 5,620,000.00 - - - - - 7,650,000.00 269,800.00 674,000.00 - - - - - 2,109,400.00

1,915,000.00 9,575,000.00 9,575,000.00 1,910,000.00 - - - 30,635,000.00 1,148,750.00 4,307,500.00 1,913,750.00 95,500.00 - - - 13,018,000.00

2,325,000.00 11,625,000.00 11,620,000.00 2,320,000.00 - - - 37,190,000.00 1,028,512.50 3,730,125.00 1,533,000.00 69,600.00 - - - 11,428,537.50

2,530,000.00 1,240,000.00 - - - - - 20,880,000.00 188,500.00 62,000.00 - - - - - 2,964,500.00

110,000.00 - - - - - - 875,000.00 2,381.50 - - - - - - 41,629.82

845,000.00 4,895,000.00 3,560,000.00 - - - - 12,295,000.00 465,000.00 1,648,000.00 361,750.00 - - - - 4,718,250.00

2,510,000.00 12,545,000.00 12,525,000.00 10,020,000.00 - - - 40,580,000.00 1,516,775.00 5,701,375.00 2,868,225.00 848,568.78 - - - 17,374,543.78

- - - - - - - 7,057,000.00 - - - - - - - 536,827.00

1,265,000.00 1,095,000.00 - - - - - 7,355,000.00 118,000.00 54,750.00 - - - - - 1,271,000.00

24,282,068.06 80,984,137.52 50,293,870.00 15,263,668.78 - - - 282,657,205.10 (5,862,068.06) (19,174,137.52) (7,088,870.00) (1,013,668.78) - - - (64,885,205.10) 18,420,000.00$ 61,810,000.00$ 43,205,000.00$ 14,250,000.00$ -$ -$ -$ 217,772,000.00$

6,760,000.00 33,785,000.00 6,755,000.00 - - - - 74,340,000.00 2,361,500.00 6,738,250.00 334,250.00 - - - - 22,260,000.00

2,050,000.00 10,250,000.00 4,090,000.00 - - - - 24,590,000.00 788,750.00 2,437,000.00 306,750.00 - - - - 7,712,500.00

2,205,000.00 11,025,000.00 6,600,000.00 - - - - 28,650,000.00 947,500.00 3,083,750.00 528,000.00 - - - - 9,379,700.00

- - - - - - - 42,600,000.00 - - - - - - - 4,272,250.00

12,985,000.00 53,350,000.00 - - - - - 79,390,000.00 2,653,400.00 5,515,000.00 - - - - - 16,702,825.00

30,751,150.00 126,184,000.00 18,614,000.00 - - - - 309,897,275.00 (6,751,150.00) (17,774,000.00) (1,169,000.00) - - - - (60,327,275.00) 24,000,000.00$ 108,410,000.00$ 17,445,000.00$ -$ -$ -$ -$ 249,570,000.00$

42,420,000.00$ 170,220,000.00$ 60,650,000.00$ 14,250,000.00$ -$ -$ -$ 467,342,000.00$

77

UNAUDITED


Description of Issue 2020 2021 2022 2023 Principal - - 6,990,000.00 6,940,000.00 Interest 1,977,500.00 1,977,500.00 1,977,500.00 1,628,000.00 W Fin Asst Ref Bds Ser '18B-2 Principal - - - - Interest 2,400,000.00 2,400,000.00 2,400,000.00 2,400,000.00 W Fin Asst Ref Bds Ser '18B-3 Principal 19,860,000.00 22,090,000.00 16,215,000.00 17,380,000.00 Interest 5,988,250.00 4,995,250.00 3,890,750.00 3,080,000.00 Subtotal Water Infrastructure Fund (WIF) 30,225,750.00 31,462,750.00 31,473,250.00 31,428,000.00 Less Water Infrastructure Fund (WIF) Interest (10,365,750.00) (9,372,750.00) (8,268,250.00) (7,108,000.00)

Subtotal Water Infrastructure Fund (WIF) Principal $ 19,860,000.00 $ 22,090,000.00 $ 23,205,000.00 $ 24,320,000.00

Total General Obligation Bonds Self-Supporting Principal 19,860,000.00$ 22,090,000.00$ 23,205,000.00$ 24,320,000.00$

Business-Type ActivitiesGeneral Obligation Bonds - Self-SupportingSTATE PARTICIPATION (SP) W Dev Ref Bds Ser '09-D Principal 720,000.00 - - - Interest 747,750.00 711,750.00 711,750.00 711,750.00 W Fin Asst Ref Bds Tax Ser '12E Principal - 330,000.00 2,050,000.00 1,495,000.00 Interest 792,050.70 792,050.70 783,285.90 727,812.90 W Fin Asst Ref Bds Tax Ser '13D Principal 80,000.00 80,000.00 1,045,000.00 1,075,000.00 Interest 841,262.26 839,052.66 836,627.06 802,330.16 W Fin Asst Ref Bds Ser '16D Principal - - - 510,000.00 Interest 577,500.00 577,500.00 577,500.00 577,500.00 W Fin Asst Ref Bds Ser '19D Principal 1,990,000.00 1,995,000.00 1,985,000.00 1,970,000.00 Interest 1,066,000.00 966,500.00 866,750.00 767,500.00 Subtotal State Participation (SP) 6,814,562.96 6,291,853.36 8,855,912.96 8,636,893.06 Less State Participation (SP) Interest (4,024,562.96) (3,886,853.36) (3,775,912.96) (3,586,893.06) Subtotal State Participation (SP) Principal 2,790,000.00$ 2,405,000.00$ 5,080,000.00$ 5,050,000.00$

WATER DEVELOPMENT FUND (WDF)W Fin Asst Bds Ser '11B Principal 5,230,000.00 5,485,000.00 5,750,000.00 6,035,000.00 Interest 3,750,837.50 3,492,887.50 3,228,637.50 2,941,137.50 W Fin Asst Bds Ser '12C Principal 4,305,000.00 4,520,000.00 4,675,000.00 4,910,000.00 Interest 5,656,030.00 5,440,780.00 5,285,180.00 5,051,430.00 W Fin Asst Bds Ser '12G Principal 1,070,000.00 1,120,000.00 1,180,000.00 1,240,000.00 Interest 7,158,775.00 7,115,975.00 7,059,975.00 7,000,975.00 W Fin Asst Bds Ser '13B Principal 1,925,000.00 2,000,000.00 2,080,000.00 2,185,000.00 Interest 2,118,893.76 2,041,893.76 1,961,893.76 1,857,893.76 W Fin Asst Ref Bds Ser '13C Principal 6,000,000.00 6,730,000.00 - - Interest 636,500.00 336,500.00 - - W Fin Asst Ref Bds Tax Ser '13G Principal 5,375,000.00 6,560,000.00 5,660,000.00 4,185,000.00 Interest 2,295,346.36 2,146,888.86 1,947,989.66 1,762,228.46 W Fin Asst Ref Bds Tax Ser '15B-1 Principal - - - - Interest 836,117.84 836,117.84 836,117.84 836,117.84 W Fin Asst Bds Ser '15D Principal - 2,325,000.00 2,530,000.00 2,950,000.00 Interest 10,182,630.00 10,182,630.00 10,066,380.00 9,939,880.00 W Fin Asst Asst Bds Ser '15F Principal 4,060,000.00 4,145,000.00 3,630,000.00 3,050,000.00 Interest 866,250.00 663,250.00 456,000.00 274,500.00 W Fin Asst Bds Tax Ser '15G Principal 695,000.00 705,000.00 725,000.00 740,000.00 Interest 267,919.60 253,602.60 236,816.56 218,466.80 W Fin Asst & Ref Bds Ser '16B-1 Principal 2,345,000.00 2,465,000.00 2,375,000.00 2,260,000.00 Interest 1,799,150.00 1,681,900.00 1,558,650.00 1,439,900.00 W Fin Asst & Ref Bds Tax Ser '16B-3 Principal 2,255,000.00 1,725,000.00 1,750,000.00 1,790,000.00 Interest 231,146.56 201,718.80 175,757.56 145,360.06

78

UNAUDITED

2024 2025-2029 2030-2034 2035-2039 2040-2044 2045-2049 2050-2054Total

Requirements

7,540,000.00 18,080,000.00 - - - - - 39,550,000.00 1,281,000.00 1,512,000.00 - - - - - 10,353,500.00

- 48,000,000.00 - - - - - 48,000,000.00 2,400,000.00 5,836,000.00 - - - - - 17,836,000.00

18,650,000.00 25,570,000.00 - - - - - 119,765,000.00 2,211,000.00 2,650,000.00 - - - - - 22,815,250.00

32,082,000.00 101,648,000.00 - - - - - 258,319,750.00 (5,892,000.00) (9,998,000.00) - - - - - (51,004,750.00)

$ 26,190,000.00 $ 91,650,000.00 $ - $ - $ - $ - $ - $ 207,315,000.00

26,190,000.00$ 91,650,000.00$ -$ -$ -$ -$ -$ 207,315,000.00$

- 2,495,000.00 11,740,000.00 - - - - 14,955,000.00 711,750.00 3,558,750.00 1,557,750.00 - - - - 8,711,250.00

1,540,000.00 8,465,000.00 8,115,000.00 220,000.00 - - - 22,215,000.00 684,368.20 2,632,924.10 1,013,731.80 8,927.60 - - - 7,435,151.90

1,115,000.00 6,255,000.00 7,785,000.00 1,790,000.00 - - - 19,225,000.00 764,361.16 3,137,591.10 1,600,964.14 86,761.30 - - - 8,908,949.84

540,000.00 3,135,000.00 6,125,000.00 1,240,000.00 - - - 11,550,000.00 552,000.00 2,327,000.00 1,302,000.00 62,000.00 - - - 6,553,000.00

1,960,000.00 9,560,000.00 1,860,000.00 - - - - 21,320,000.00 669,000.00 1,890,250.00 93,000.00 - - - - 6,319,000.00

8,536,479.36 43,456,515.20 41,192,445.94 3,407,688.90 - - - 127,192,351.74 (3,381,479.36) (13,546,515.20) (5,567,445.94) (157,688.90) - - - (37,927,351.74) 5,155,000.00$ 29,910,000.00$ 35,625,000.00$ 3,250,000.00$ -$ -$ -$ 89,265,000.00$

6,340,000.00 35,380,000.00 16,555,000.00 - - - - 80,775,000.00 2,639,387.50 8,914,062.50 1,273,312.50 - - - - 26,240,262.50

5,155,000.00 29,915,000.00 37,505,000.00 36,160,000.00 - - - 127,145,000.00 4,805,930.00 19,894,900.00 12,309,000.00 3,687,000.00 - - - 62,130,250.00

1,300,000.00 7,575,000.00 21,070,000.00 55,035,000.00 58,400,000.00 - - 147,990,000.00 6,938,975.00 33,650,125.00 30,471,625.00 24,213,375.00 4,176,275.00 - - 127,786,075.00

2,295,000.00 18,370,000.00 17,575,000.00 - - - - 46,430,000.00 1,748,643.76 6,399,968.80 1,995,581.28 - - - - 18,124,768.88

- - - - - - - 12,730,000.00 - - - - - - - 973,000.00

- 5,110,000.00 12,330,000.00 15,365,000.00 3,520,000.00 - - - 58,105,000.00 1,614,414.26 6,186,022.20 3,157,578.18 170,614.40 - - - 19,281,082.38

4,845,000.00 13,570,000.00 3,525,000.00 2,925,000.00 1,445,000.00 - - 26,310,000.00 836,117.84 2,675,364.28 1,200,696.60 547,163.10 137,303.10 - - 8,741,116.28

3,185,000.00 19,460,000.00 25,530,000.00 60,315,000.00 96,280,000.00 22,220,000.00 - 234,795,000.00 9,792,380.00 46,858,655.00 43,237,265.00 34,903,000.00 16,556,200.00 888,800.00 - 192,607,820.00

2,440,000.00 - - - - - - 17,325,000.00 122,000.00 - - - - - - 2,382,000.00

765,000.00 4,185,000.00 925,000.00 - - - - 8,740,000.00 198,250.00 622,327.50 34,058.50 - - - - 1,831,441.56

2,130,000.00 12,475,000.00 7,105,000.00 4,780,000.00 2,980,000.00 670,000.00 - 39,585,000.00 1,326,900.00 4,510,600.00 2,560,200.00 1,171,600.00 501,200.00 26,800.00 - 16,576,900.00

1,105,000.00 3,470,000.00 - - - - - 12,095,000.00 110,687.76 177,824.02 - - - - - 1,042,494.76

79

UNAUDITED


Description of Issue 2020 2021 2022 2023W Fin Asst & Ref Bds Ser '17A Principal 2,745,000.00 2,745,000.00 1,855,000.00 240,000.00 Interest 1,644,350.00 1,507,100.00 1,369,850.00 1,277,100.00 W Fin Asst & Ref Bds Tax Ser '17C Principal 735,000.00 745,000.00 765,000.00 785,000.00 Interest 660,824.50 647,815.00 632,468.00 615,179.00 W Fin Asst & Ref Bds Tax Ser '18A Principal 5,715,000.00 5,965,000.00 7,905,000.00 5,760,000.00 Interest 2,526,750.00 2,241,000.00 1,942,750.00 1,547,500.00 W Fin Asst Ref Bds Ser '19C-1 Principal 8,530,000.00 7,230,000.00 8,315,000.00 - Interest 1,203,750.00 777,250.00 415,750.00 - W Fin Asst Ref Bds Ser '19C-2 Principal - - - 6,885,000.00 Interest 482,110.00 482,110.00 482,110.00 1,042,400.00 Subtotal Water Development Fund (WDF) 93,302,381.12 94,514,419.36 86,851,325.88 78,965,068.42 Less Water Development Fund (WDF) Interest (42,317,381.12) (40,049,419.36) (37,656,325.88) (35,950,068.42) Subtotal Water Development Fund (WDF) Principal 50,985,000.00$ 54,465,000.00$ 49,195,000.00$ 43,015,000.00$

Total General Obligation Bonds - Self-Supporting Principal 53,775,000.00$ 56,870,000.00$ 54,275,000.00$ 48,065,000.00$

Revenue Bonds - Self-Supporting

STATE WATER IMPLEMENTATION REVENUE FUND FOR TEXAS (SWIRFT)SWIRFT Rev Bds Ser '15A Principal 17,740,000.00 18,505,000.00 19,440,000.00 20,425,000.00 Interest 34,149,400.00 33,387,125.00 32,450,250.00 31,466,125.00 SWIRFT Rev Bds Tax Ser '15B Principal 155,000.00 165,000.00 165,000.00 170,000.00 Interest 489,954.26 486,935.66 483,286.70 479,207.26 SWIRFT Rev Bds Ser '16 Principal 7,000,000.00 7,000,000.00 13,000,000.00 11,000,000.00 Interest 26,318,787.50 25,968,787.50 25,618,787.50 24,998,787.50 SWIRFT Rev Bds Ser '17A Principal 18,965,000.00 20,570,000.00 21,650,000.00 24,560,000.00 Interest 44,989,131.26 44,110,881.26 43,082,381.26 41,999,881.26 SWIRFT Rev Bds Tax Ser '17B Principal 505,000.00 510,000.00 520,000.00 530,000.00 Interest 595,017.18 586,313.80 576,456.50 565,374.50 SWIRFT Rev Bds Ser '18A Principal 20,600,000.00 21,225,000.00 21,870,000.00 22,545,000.00 Interest 36,508,100.00 35,462,475.00 34,385,100.00 33,274,725.00 SWIRFT Rev Bds Ser '18B Principal 18,545,000.00 28,485,000.00 29,900,000.00 31,335,000.00 Interest 75,710,780.00 75,122,230.00 73,931,017.50 72,440,067.50 SWIRFT Rev Bds Tax Ser '18C Principal 500,000.00 750,000.00 1,160,000.00 1,195,000.00 Interest 1,394,716.16 1,376,927.41 1,348,071.86 1,311,253.58 Subtotal State Water Implementation Revenue Fund For Texas (SWIRFT) 304,165,886.36 313,711,675.63 319,580,351.32 318,295,421.60 Less State Water Implementation Revenue Fund For Texas (SWIRFT) Interest (220,155,886.36) (216,501,675.63) (211,875,351.32) (206,535,421.60)Subtotal State Water Implementation Revenue Fund For Texas (SWRIFT) Principal $ 84,010,000.00 $ 97,210,000.00 $ 107,705,000.00 $ 111,760,000.00

STATE REVOLVING FUND (SRF)State Revolving Fund Rev Bds New Ser '18 Principal 11,280,000.00 11,730,000.00 12,310,000.00 12,920,000.00 Interest 13,596,100.00 13,144,900.00 12,558,400.00 11,942,900.00 State Revolving Fund Rev Bds New Ser '19 Principal 8,985,000.00 9,225,000.00 9,695,000.00 10,170,000.00 Interest 10,960,400.00 10,601,000.00 10,139,750.00 9,655,000.00 Subtotal State Revolving Fund (SRF) Revenue Bonds (SRF) 44,821,500.00 44,700,900.00 44,703,150.00 44,687,900.00 Less State Revolving Fund Revenue Bonds (SRF) Interest (24,556,500.00) (23,745,900.00) (22,698,150.00) (21,597,900.00) Subtotal State Revolving Fund Revenue Bonds (SRF) Principal 20,265,000.00 20,955,000.00 22,005,000.00 23,090,000.00

Total Revenue Bonds - Self-Supporting Principal 104,275,000.00$ 118,165,000.00$ 129,710,000.00$ 134,850,000.00$

Total Bonds - Principal 224,119,000.00$ 242,379,000.00$ 252,539,000.00$ 250,225,000.00$

80

UNAUDITED

2024 2025-2029 2030-2034 2035-2039 2040-2044 2045-2049 2050-2054Total

Requirements

450,000.00 3,535,000.00 5,450,000.00 7,085,000.00 7,720,000.00 1,615,000.00 - 33,440,000.00 1,265,100.00 5,915,250.00 4,814,000.00 3,360,800.00 1,535,250.00 80,750.00 - 22,769,550.00

805,000.00 4,935,000.00 6,725,000.00 4,670,000.00 - - - 20,165,000.00 595,397.00 2,607,685.00 1,655,251.00 361,181.00 - - - 7,775,800.50

6,040,000.00 19,150,000.00 - - - - - 50,535,000.00 1,259,500.00 2,550,750.00 - - - - - 12,068,250.00

- - - - - - - 24,075,000.00 - - - - - - - 2,396,750.00

2,810,000.00 16,365,000.00 - - - - - 26,060,000.00 767,000.00 2,025,600.00 - - - - - 5,281,330.00

78,795,683.12 343,704,134.30 260,038,568.06 242,904,733.50 189,731,228.10 25,501,350.00 - 1,494,308,891.86 (34,020,683.12) (142,989,134.30) (102,708,568.06) (68,414,733.50) (22,906,228.10) (996,350.00) - (528,008,891.86) 44,775,000.00$ 200,715,000.00$ 157,330,000.00$ 174,490,000.00$ 166,825,000.00$ 24,505,000.00$ -$ 966,300,000.00$

49,930,000.00$ 230,625,000.00$ 192,955,000.00$ 177,740,000.00$ 166,825,000.00$ 24,505,000.00$ -$ 1,055,565,000.00$

20,825,000.00 96,720,000.00 140,505,000.00 145,015,000.00 168,255,000.00 86,455,000.00 15,720,000.00 749,605,000.00 30,432,125.00 138,634,625.00 109,961,400.00 78,491,550.00 44,456,125.00 9,704,275.00 634,800.00 543,767,800.00

175,000.00 880,000.00 1,790,000.00 2,375,000.00 2,950,000.00 2,305,000.00 345,000.00 11,475,000.00 474,612.58 2,290,492.83 2,040,153.78 1,604,464.60 1,003,851.80 334,307.40 16,035.60 9,703,302.47

11,330,000.00 74,100,000.00 106,435,000.00 105,135,000.00 111,905,000.00 104,370,000.00 38,290,000.00 589,565,000.00 24,457,787.50 112,639,587.50 93,914,287.50 70,266,037.50 47,924,487.50 18,354,193.75 2,337,000.00 472,798,531.25

26,100,000.00 134,060,000.00 164,940,000.00 180,325,000.00 195,620,000.00 196,760,000.00 23,420,000.00 1,006,970,000.00 40,771,881.26 183,170,890.67 148,561,250.00 112,479,900.00 73,415,800.00 25,609,700.00 1,924,200.00 760,115,896.97

545,000.00 2,560,000.00 2,695,000.00 3,185,000.00 3,810,000.00 3,585,000.00 - 18,445,000.00 553,059.00 2,553,311.25 2,163,688.50 1,660,232.50 1,026,195.00 271,672.50 - 10,551,320.73

23,255,000.00 105,740,000.00 113,515,000.00 139,325,000.00 173,930,000.00 170,060,000.00 - 812,065,000.00 32,129,725.00 143,426,000.00 117,924,175.00 91,948,950.00 56,794,125.00 14,336,900.00 - 596,190,275.00

33,565,000.00 150,900,000.00 244,870,000.00 301,700,000.00 363,160,000.00 450,235,000.00 13,515,000.00 1,666,210,000.00 70,943,767.50 330,205,812.50 286,817,675.00 229,104,593.75 161,194,712.50 69,590,243.75 1,750,875.00 1,446,811,775.00

1,230,000.00 5,665,000.00 4,870,000.00 5,900,000.00 6,430,000.00 7,890,000.00 - 35,590,000.00 1,272,068.95 5,718,837.56 4,794,229.30 3,696,514.00 2,407,879.50 884,058.00 - 24,204,556.32 318,060,026.79 1,489,264,557.31 1,545,796,859.08 1,472,212,242.35 1,414,283,176.30 1,160,745,350.40 97,952,910.60 8,754,068,457.74 (201,035,026.79) (918,639,557.31) (766,176,859.08) (589,252,242.35) (388,223,176.30) (139,085,350.40) (6,662,910.60) (3,864,143,457.74) $ 117,025,000.00 $ 570,625,000.00 $ 779,620,000.00 $ 882,960,000.00 $ 1,026,060,000.00 $ 1,021,660,000.00 $ 91,290,000.00 $ 4,889,925,000.00

13,565,000.00 74,045,000.00 73,225,000.00 72,005,000.00 - - - 281,080,000.00 11,296,900.00 45,602,500.00 27,616,250.00 8,668,700.00 - - - 144,426,650.00

- 10,680,000.00 61,980,000.00 48,440,000.00 61,830,000.00 - - - 221,005,000.00

9,146,500.00 37,166,000.00 22,959,750.00 9,575,750.00 - - - 120,204,150.00 44,688,400.00 218,793,500.00 172,241,000.00 152,079,450.00 - - - 766,715,800.00

(20,443,400.00) (82,768,500.00) (50,576,000.00) (18,244,450.00) - - - (264,630,800.00) 24,245,000.00 136,025,000.00 121,665,000.00 133,835,000.00 - - - 502,085,000.00

141,270,000.00$ 706,650,000.00$ 901,285,000.00$ 1,016,795,000.00$ 1,026,060,000.00$ 1,021,660,000.00$ 91,290,000.00$ 5,392,010,000.00$

259,810,000.00$ 1,199,145,000.00$ 1,154,890,000.00$ 1,208,785,000.00$ 1,192,885,000.00$ 1,046,165,000.00$ 91,290,000.00$ 7,122,232,000.00$

81

UNAUDITED

Texas Water Development Board (580)Schedule 2D - Analysis of Funds Available for Debt ServiceFor the Year Ended August 31, 2019

Governmental ActivitiesGeneral Obligation Bonds

Principal Interest

W Dev Bds Ser * 67,604,000.00$ 31,347,336.87$

Total 67,604,000.00$ 31,347,336.87$

Business-Type ActivitiesGeneral Obligation Bonds

Principal Interest

W Dev Bds Ser ** 64,935,000.00$ 57,492,636.02$

Total 64,935,000.00$ 57,492,636.02$

* Governmental Activities, General Obligation Bonds include the following:W Fin Asst Bds Ser '09E, '09F, '10B, '10D, '11A, '12A, '12B, '12F, '13A, '15E, '16A, '19AW Fin Asst Bds Tax Ser '19BW Fin Asst Ref Bds Ser '15-C2, '16-C1, '17B, '18B-1, '18B-2, '18B-3, '19E-1, '19E-2, '19FW Fin Asst Ref Bds Tax Ser '12D, '13E, '15-C1, '16-C2

** Business -Type Activities, General Obligation Bonds include the following:W Dev Bds Ser '09-C-1W Dev Ref Bds Ser '09-C-2, '09-DW Fin Asst & Ref Bds Ser '16-B1, '16-B2, '17A, '18AW Fin Asst & Ref Bds Tax Ser '16-B3, '17CW Fin Asst Bds Ser '10A, '10C, '11B, '12C, '12G, '13B, '15D, '15FW Fin Asst Bds Tax Ser '15GW Fin Asst Ref Bds Ser '13C, '16D, '19C-1, '19C-2, '19DW Fin Asst Ref Bds Tax Ser '12E, '13D, '13G, '15-B1

Application of Funds

Application of Funds

82

UNAUDITED

Texas Water Development Board (580)Schedule 2D - Analysis of Funds Available for Debt ServiceFor the Year Ended August 31, 2019

Business-Type Activities Revenue Bonds

Total Pledged Operatingand Other Expenses & Debt Service

Description of Issue Sources Expenditures Principal Interest

State Revolving Fund Rev Bds New Ser *** 483,507,188.76 - 7,315,000.00 20,506,992.52

SWIRFT Rev Bds Ser **** 288,104,950.13 110,855.00 69,615,000.00 183,417,978.53

TOTAL 771,612,138.89$ 110,855.00$ 76,930,000.00$ 203,924,971.05$

***Business-Type Activities, Revenue Bonds include the following:State Revolving Fund Rev Bds New Ser '18, '19

****Business-Type Activities, Revenue Bonds include the following:SWIRFT Rev Bds Ser '15A, '16, '17A, '18A, '18BSWIRFT Rev Bds Tax Ser '15B, '17B, '18C

Pledged and Other Sources and Related Expenditures for FY 2019:

83

Texas Water Development Board (580)Schedule 2E - Defeased Bonds OutstandingFor the Fiscal Year Ended August 31, 2019

Year Par Value

Description of Issue Defeased Outstanding

Government-Type Activities

General Obligation Bonds

Water Financial Assistance and Refunding Bonds, Series 2018B-1 2019 8,450,000.00

Water Financial Assistance and Refunding Bonds, Series 2018B-3 2019 1,975,000.00

Total, General Obligation Bonds, Government-Type Activities $ 10,425,000.00

Total, Defeased Bonds Outstanding $ 10,425,000.00

UNAUDITED

84

Texas Water Development Board (580)Schedule 2F - Early Extinguishment and RefundingFor the Fiscal Year Ended August 31, 2019

Projected Projected

Amount Refunding Cash Flow Economic Extinguished Issue Increase Gain/

Description of Issue Category or Refunded Par Value (Decrease) (Loss)Government-Type Activities

General Obligation Bonds - Non-Self-SupportingW Fin Asst Bds Ser '09E*** Current Refunding 46,000,000.00 44,548,342.81 6,328,304.68 4,661,737.98 W Fin Asst Bds Ser '09F**** Current Refunding 8,665,000.00 7,355,000.00 1,476,900.00 720,222.84 W Fin Asst Bds Ser '10B*** Current Refunding 78,760,000.00 77,441,657.19 11,200,882.82 8,591,359.75 Total General Obligation Bonds - Non-Self-Supporting 133,425,000.00$ 129,345,000.00$ 19,006,087.50$ 13,973,320.57$

General Obligation Bonds Self-SupportingW Fin Asst Ref Bds Ser '18B-1 Defeased 8,450,000.00 - - - W Fin Asst Ref Bds Ser '18B-3 Defeased 1,975,000.00 - - - Total General Obligation Bonds - Self-Supporting 10,425,000.00$ -$ -$ -$

Total Government-Type Activities 143,850,000.00$ 129,345,000.00$ 19,006,087.50$ 13,973,320.57$


General Obligation Bonds - Self SupportingW Dev Bds Ser '09C-1* Current Refunding 31,540,000.00 31,061,734.81 3,396,899.21 3,012,107.61 W Dev Bds Ser '09C-1 Early Extinguished 158,750,000.00 - - - W Dev Ref Bds Ser '09C-2* Current Refunding 20,000,000.00 19,073,265.19 1,726,010.79 1,420,035.16 W Dev Ref Bds Ser '09D Early Extinguished 7,155,000.00 - - - W Fin Asst Bds Ser '10A Early Extinguished 15,165,000.00 - - - W Fin Asst Bds Ser '10C** Current Refunding 24,625,000.00 21,320,000.00 4,342,550.00 3,696,317.28 W Fin Asst & Ref Bds Ser '16B-2 Early Extinguished 25,475,000.00 - - - Total General Obligation Bonds - Self-Supporting 282,710,000.00$ 71,455,000.00$ 9,465,460.00$ 8,128,460.05$

-

Total Business-Type Activities 282,710,000.00$ 71,455,000.00$ 9,465,460.00$ 8,128,460.05$

Total 426,560,000.00$ 200,800,000.00$ 28,471,547.50$ 22,101,780.62$

*Series '09C-1 and '09C-2 were refunded with new issue bonds, W Fin Asst Ref Bds Ser '19C**Series '10C was refunded with new issue, W Fin Asst Ref Bds Ser '19D***Series '09E and '10B were refunded with new bond issue, W Fin Asst Ref Bds Ser '19E****Series "09F was refunded with new issue, W Fin Asst Ref Bds Ser '19F

UNAUDITED

For Refunding Only

85

Texas Water Development BoardSchedule 6 - Loans and ContractsFor the Fiscal Year Ended August 31, 2019

Originial Outstanding Due Due

Recipient Amount Balance From To

Agricultural Water Conservation FundNorth Plains GCD $ 620,000.00 $ 310,000.00 02/01/2015 02/01/2024Panhandle GWCD 1,000,000.00 - 01/15/2012 01/15/2019Panhandle GWCD 1,000,000.00 125,000.00 01/16/2013 01/16/2020Panhandle GWCD 2,000,000.00 913,000.00 01/15/2014 01/15/2024Panhandle GWCD 2,000,000.00 752,000.00 01/15/2015 01/15/2022Panhandle GWCD 1,000,000.00 757,000.00 01/15/2018 01/15/2025Panhandle GWCD 1,000,000.00 1,000,000.00 01/15/2020 01/15/2027Sandy Land UWCD 2,000,000.00 - 04/15/2015 04/15/2022Sandy Land UWCD 725,000.00 634,375.00 04/15/2019 04/15/2026Total - Agricultural Water Conservation Fund $ 11,345,000.00 $ 4,491,375.00

Clean Water State Revolving FundAbilene $ 18,370,000.00 $ 18,370,000.00 02/15/2020 02/15/2039Acton MUD 550,000.00 495,000.00 05/01/2019 05/01/2028Acton MUD 8,210,000.00 7,820,000.00 05/01/2019 05/01/2038Agua SUD 2,375,000.00 2,180,000.00 08/01/2017 08/01/2044Agua SUD 8,150,000.00 7,700,000.00 08/01/2018 08/01/2045Alamo 4,000,000.00 1,925,000.00 03/01/2009 03/01/2027Alamo 1,000,000.00 910,000.00 03/01/2018 03/01/2037Alamo 10,335,000.00 10,335,000.00 03/01/2021 03/01/2047Alba 990,000.00 985,000.00 08/15/2019 08/15/2048Aledo 675,000.00 - 08/15/2013 08/15/2042Aledo 2,110,000.00 1,810,000.00 08/15/2013 08/15/2042Aledo 3,345,000.00 2,880,000.00 08/15/2013 08/15/2042Aledo 1,900,000.00 1,585,000.00 08/15/2013 08/15/2042Alice 4,257,000.00 3,207,000.00 02/01/2013 02/01/2042Alice 2,054,000.00 1,550,000.00 02/01/2013 02/01/2042Alton 500,000.00 475,000.00 08/15/2018 08/15/2047Alvord 420,000.00 125,000.00 10/01/2005 10/01/2024Amarillo 8,495,000.00 6,170,000.00 04/01/2014 04/01/2033Amarillo 12,500,000.00 11,885,000.00 04/01/2019 04/01/2038Anahuac 11,440,000.00 11,210,000.00 10/15/2018 10/15/2047Angelina & Neches RA 205,000.00 125,000.00 10/01/2015 10/01/2024Angelina & Neches RA 1,820,000.00 1,805,000.00 10/01/2017 10/01/2045Angelina & Neches RA 1,400,000.00 1,395,000.00 10/01/2018 10/01/2047Anthony 4,000,000.00 3,280,000.00 08/15/2012 08/15/2039Aqua WSC 54,530.00 28,530.00 04/15/2014 03/15/2024Aransas Pass 1,115,000.00 415,000.00 02/01/2006 02/01/2025Arcola 1,380,000.00 1,060,000.00 03/01/2009 03/01/2038Arlington 13,885,000.00 7,635,000.00 06/01/2011 06/01/2030Arlington 3,430,000.00 2,555,000.00 06/01/2015 06/01/2034Arlington 2,080,000.00 1,765,000.00 06/01/2017 06/01/2036Arlington 4,775,000.00 4,265,000.00 06/01/2018 06/01/2036Arlington 4,650,000.00 4,405,000.00 06/01/2019 06/01/2037Arlington 4,435,000.00 4,435,000.00 06/01/2020 06/01/2039Austin 31,815,000.00 24,385,000.00 11/15/2012 11/15/2041Azle 13,595,000.00 8,905,000.00 02/01/2013 02/01/2030Bacliff MUD 4,890,000.00 1,475,000.00 09/01/2004 09/01/2023Bacliff MUD 4,890,000.00 2,010,000.00 09/01/2006 09/01/2025Bedford 630,000.00 420,000.00 02/01/2013 02/01/2032Bell Co WCID # 2 1,055,000.00 680,000.00 09/01/2010 09/01/2029Blanco 3,150,000.00 3,050,000.00 08/15/2019 08/15/2047

UNAUDITED

86




UNAUDITED

Blanco 2,550,000.00 2,465,000.00 08/15/2019 08/15/2048Blossom 275,000.00 - 01/01/2000 01/01/2019Bonham 1,675,000.00 570,000.00 02/15/2007 02/15/2026Bonham 3,800,000.00 3,570,000.00 02/15/2018 02/15/2046Bonham 4,810,000.00 4,810,000.00 02/15/2020 02/15/2049Brady 1,210,000.00 750,000.00 09/01/2015 09/01/2024Brady 8,400,000.00 8,400,000.00 09/01/2021 09/01/2050Brady 2,035,000.00 2,035,000.00 09/01/2021 09/01/2050Breckenridge 840,000.00 715,000.00 03/15/2015 03/15/2044Bridgeport 2,365,000.00 400,000.00 08/15/2004 08/15/2023Brownsboro 700,000.00 210,000.00 08/15/2005 08/15/2024Bryan 1,270,000.00 - 07/01/2010 07/01/2019Bryan 15,685,000.00 11,925,000.00 07/01/2012 07/01/2030Buffalo Gap 400,000.00 330,000.00 11/15/2012 11/15/2041Burnet 11,425,000.00 8,265,000.00 02/01/2012 02/01/2040Burnet 9,900,000.00 7,830,000.00 02/01/2014 02/01/2042Caddo Mills 4,430,000.00 3,735,000.00 08/15/2014 08/15/2041Cameron 710,000.00 230,000.00 02/01/2005 02/01/2024Cameron 1,800,000.00 615,000.00 02/01/2006 02/01/2024Cameron 860,000.00 600,000.00 03/01/2013 03/01/2032Cameron 12,000,000.00 10,690,000.00 03/01/2017 03/01/2042Castroville 375,000.00 160,000.00 02/01/2014 02/01/2023Castroville 3,050,000.00 2,460,000.00 08/01/2016 08/01/2035Castroville 9,050,000.00 7,930,000.00 08/01/2016 08/01/2045Castroville 1,500,000.00 1,405,000.00 08/01/2018 08/01/2047Celina 4,480,000.00 - 09/01/2009 09/01/2028Center 2,070,000.00 1,670,000.00 02/15/2014 02/15/2035Cibolo Creek MA 1,500,000.00 260,000.00 07/10/2003 07/10/2022Cibolo Creek MA 2,745,000.00 1,780,000.00 07/10/2011 07/10/2031Cibolo Creek MA 24,440,000.00 19,015,000.00 07/10/2013 07/10/2037Cisco 475,000.00 250,000.00 02/15/2015 08/15/2024Cisco 1,550,000.00 1,550,000.00 02/15/2020 02/15/2049Cleveland 555,000.00 335,000.00 03/01/2010 03/01/2029Cleveland 2,360,000.00 1,555,000.00 03/01/2012 03/01/2031Colorado City 2,650,000.00 2,650,000.00 03/15/2021 03/15/2039Comanche 755,000.00 680,000.00 09/01/2015 09/01/2044Commerce 2,005,000.00 800,000.00 08/15/2008 08/15/2027Commerce 3,490,000.00 2,455,000.00 02/15/2011 02/15/2040Cotulla 3,350,000.00 3,350,000.00 02/01/2020 02/01/2047Cranfills Gap 605,000.00 125,000.00 09/01/2002 09/01/2021Cushing 510,000.00 470,000.00 09/01/2015 09/01/2044Cypress Creek UD 2,970,000.00 2,970,000.00 09/01/2019 09/01/2047Dallas 22,000,000.00 22,000,000.00 10/01/2019 10/01/2047Dallas 22,000,000.00 22,000,000.00 10/01/2020 10/01/2048Del Rio 5,000,000.00 4,260,000.00 06/01/2013 06/01/2042Del Rio 500,000.00 500,000.00 06/01/2022 06/01/2048Del Rio 5,500,000.00 5,500,000.00 06/01/2022 06/01/2048DeLeon 2,350,000.00 1,150,000.00 02/15/2010 02/15/2029Dell City 75,000.00 50,000.00 02/15/2015 02/15/2024Detroit 925,000.00 75,000.00 07/01/2002 07/01/2020Dublin 2,900,000.00 2,900,000.00 12/15/2019 12/15/2048Eagle Pass 10,110,000.00 - 12/01/2005 12/01/2024Early 8,365,000.00 8,135,000.00 02/15/2017 02/15/2046East Cedar Creek FWSD 1,500,000.00 565,000.00 01/01/2006 01/01/2025

87




UNAUDITED

Eastland 975,000.00 585,000.00 02/15/2010 02/15/2029Eastland 6,765,000.00 6,105,000.00 02/15/2018 02/15/2037Edcouch 1,055,000.00 900,000.00 01/01/2014 01/01/2042Edinburg 4,020,000.00 2,350,000.00 03/01/2010 03/01/2029El Campo 150,000.00 90,000.00 02/01/2016 02/01/2025El Paso 14,000,000.00 - 03/01/2010 03/01/2029El Paso 22,000,000.00 - 03/01/2010 03/01/2029El Paso 2,163,000.00 1,290,000.00 03/01/2012 03/01/2031Eldorado 1,200,000.00 920,000.00 08/01/2014 08/01/2035Eldorado 575,000.00 500,000.00 08/01/2017 08/01/2036Ennis 4,500,000.00 4,295,000.00 02/01/2019 02/01/2038Euless 2,380,000.00 2,020,000.00 07/15/2017 07/15/2035Euless 2,785,000.00 2,660,000.00 07/15/2019 07/15/2038Evadale WCID # 1 1,550,000.00 315,000.00 07/01/2003 07/01/2022Fairfield 4,415,000.00 1,075,000.00 09/01/2003 09/01/2022Farmersville 5,845,000.00 5,560,000.00 06/15/2019 06/15/2037Farwell 1,500,000.00 1,425,000.00 02/15/2019 02/15/2038Fort Bend Co FWSD # 1 6,935,000.00 3,195,000.00 08/15/2008 08/15/2027Fort Bend Co FWSD # 1 5,285,000.00 4,265,000.00 08/15/2012 08/15/2039Fort Worth 33,560,000.00 15,860,000.00 03/01/2009 03/01/2027Fort Worth 28,000,000.00 16,515,000.00 02/15/2011 02/15/2030Fort Worth 39,000,000.00 31,660,000.00 02/15/2016 02/15/2035Fort Worth 16,045,000.00 15,095,000.00 02/15/2018 02/15/2047Gatesville 10,000,000.00 10,000,000.00 09/01/2020 09/01/2039Gladewater 3,900,000.00 3,740,000.00 08/15/2018 08/15/2037Granbury 34,950,000.00 34,950,000.00 08/15/2021 08/15/2048Grand Prairie 1,805,000.00 - 01/15/2014 01/15/2019Grand Prairie 5,110,000.00 4,330,000.00 01/15/2018 01/15/2030Grand Prairie 3,180,000.00 3,180,000.00 01/15/2020 01/15/2039Greater Texoma UA 500,000.00 65,000.00 07/01/2001 07/01/2020Greater Texoma UA 400,000.00 180,000.00 06/01/2007 06/01/2026Greater Texoma UA 3,870,000.00 1,685,000.00 06/01/2007 06/01/2026Greater Texoma UA 3,430,000.00 1,880,000.00 06/01/2009 06/01/2028Greater Texoma UA 3,710,000.00 - 10/01/2008 10/01/2027Greater Texoma UA 2,705,000.00 1,735,000.00 10/01/2010 10/01/2029Greater Texoma UA 3,975,000.00 2,720,000.00 10/01/2011 10/01/2029Greater Texoma UA 1,400,000.00 895,000.00 06/01/2011 06/01/2029Greater Texoma UA 2,825,000.00 2,500,000.00 08/15/2013 08/15/2041Greater Texoma UA 1,730,000.00 1,390,000.00 06/01/2015 06/01/2034Greater Texoma UA 2,085,000.00 1,830,000.00 08/15/2015 08/15/2041Greater Texoma UA 1,780,000.00 1,465,000.00 10/01/2015 10/01/2034Greater Texoma UA 3,560,000.00 3,155,000.00 10/01/2016 10/01/2035Greater Texoma UA 640,000.00 565,000.00 10/01/2016 10/01/2035Greater Texoma UA 165,000.00 155,000.00 10/01/2017 10/01/2041Greater Texoma UA 480,000.00 470,000.00 10/01/2018 10/01/2047Greater Texoma UA 2,300,000.00 2,195,000.00 08/15/2019 08/15/2038Greater Texoma UA 8,420,000.00 8,420,000.00 06/01/2020 06/01/2049Greenville 20,000,000.00 12,065,000.00 02/15/2011 02/15/2030Groesbeck 2,000,000.00 800,000.00 02/15/2008 02/15/2027Harris Co FWSD # 47 4,365,000.00 - 09/01/2010 09/01/2028Harris Co MUD # 33 2,195,000.00 1,935,000.00 03/01/2013 03/01/2036Harris Co MUD # 46 2,275,000.00 1,865,000.00 05/01/2010 05/01/2032Harris Co MUD # 50 1,500,000.00 800,000.00 03/01/2009 03/01/2028Harris Co MUD # 50 2,460,000.00 1,985,000.00 03/01/2016 03/01/2034

88




UNAUDITED

Harris Co MUD # 50 2,770,000.00 2,705,000.00 03/01/2019 03/01/2047Harris Co MUD # 148 2,855,000.00 1,780,000.00 04/01/2012 04/01/2031Harris Co WCID # 36 5,000,000.00 2,950,000.00 09/15/2010 09/15/2028Harris Co WCID # 89 7,565,000.00 3,220,000.00 10/01/2010 10/01/2029Hidalgo Co MUD # 1 3,520,000.00 2,370,000.00 02/15/2010 02/15/2039Hidalgo Co MUD # 1 1,500,000.00 1,030,000.00 02/15/2013 02/15/2032Hillcrest Village 300,000.00 - 03/15/2001 03/15/2019Honey Grove 1,000,000.00 75,000.00 09/01/2000 09/01/2019Houston 45,050,000.00 - 11/15/2008 11/15/2037Houston 52,650,000.00 42,800,000.00 11/15/2008 11/15/2037Houston 61,545,000.00 - 11/15/2009 11/15/2038Houston 15,110,000.00 11,520,000.00 11/15/2010 11/15/2039Houston 22,795,000.00 20,440,000.00 11/15/2011 11/15/2040Houston 58,245,000.00 52,525,000.00 11/15/2011 11/15/2040Houston 49,900,000.00 40,870,000.00 11/15/2013 11/15/2042Houston 48,750,000.00 40,215,000.00 11/15/2013 11/15/2042Houston 65,000,000.00 56,225,000.00 11/15/2014 11/15/2043Houston 55,005,000.00 48,370,000.00 11/15/2015 11/15/2044Houston 63,435,000.00 57,660,000.00 11/15/2016 11/15/2045Houston 65,750,000.00 63,720,000.00 11/15/2018 11/15/2046Houston 64,680,000.00 64,680,000.00 11/15/2019 11/15/2047Houston 44,065,000.00 44,065,000.00 03/01/2020 03/01/2041Houston 64,685,000.00 64,685,000.00 11/15/2020 11/15/2048Hudson 410,000.00 335,000.00 08/15/2016 08/15/2045Hudson 3,735,000.00 3,375,000.00 08/15/2018 08/15/2036Huntington 125,000.00 75,000.00 02/01/2015 02/01/2024Huntington 1,180,000.00 1,080,000.00 02/01/2018 02/01/2037Hurst 1,360,000.00 1,300,000.00 08/15/2019 08/15/2038Hutto 2,520,000.00 1,945,000.00 08/01/2013 08/01/2036Hutto 21,740,000.00 19,190,000.00 08/01/2017 08/01/2039Ingram 175,000.00 80,000.00 02/15/2014 02/15/2023Ingram 1,185,000.00 1,110,000.00 02/15/2016 02/15/2043Ingram 803,000.00 554,000.00 02/15/2011 02/15/2040Jarrell 7,895,000.00 4,345,000.00 08/01/2007 08/01/2026Jarrell 1,520,000.00 1,245,000.00 08/01/2010 08/01/2038Jarrell 12,000,000.00 11,175,000.00 08/01/2018 08/01/2042Jasper Co WCID #1 1,480,000.00 1,480,000.00 03/15/2020 03/15/2043Jefferson 1,630,000.00 1,480,000.00 02/15/2018 02/15/2037Jefferson Co WCID # 10 2,750,000.00 1,845,000.00 08/15/2011 08/15/2030Jefferson Co WCID # 10 1,000,000.00 910,000.00 08/15/2018 08/15/2037Johnson City 895,000.00 835,000.00 08/01/2016 08/01/2035Keller 5,835,000.00 4,050,000.00 02/15/2013 02/15/2032Kermit 4,595,000.00 2,325,000.00 02/15/2009 02/15/2028Kerr County 570,000.00 190,000.00 02/15/2013 02/15/2022Kerr County 185,000.00 185,000.00 02/15/2020 02/15/2041Kerr County 5,110,000.00 5,110,000.00 02/15/2020 02/15/2041Kerr County 4,330,000.00 4,330,000.00 02/15/2021 02/15/2047Kerrville 8,000,000.00 8,000,000.00 08/15/2021 08/15/2050Kirbyville 1,370,000.00 1,115,000.00 11/15/2016 11/15/2035La Feria 385,000.00 180,000.00 09/15/2006 09/15/2025La Joya 2,155,000.00 907,000.00 03/01/2008 03/01/2027La Joya 4,565,000.00 3,170,000.00 09/01/2010 09/01/2039La Porte 10,635,000.00 9,710,000.00 03/15/2018 03/15/2037Laguna Madre WD 5,815,000.00 4,975,000.00 03/01/2017 03/01/2036

89




UNAUDITED

Laguna Madre WD 5,425,000.00 5,425,000.00 03/01/2020 03/01/2034Lake Worth 290,000.00 164,000.00 02/01/2011 02/01/2030Laredo 48,750,000.00 38,830,000.00 03/01/2013 03/01/2042Laredo 22,075,000.00 19,375,000.00 03/01/2016 03/01/2045Liberty 8,100,000.00 4,090,000.00 03/01/2009 03/01/2028Liberty 900,000.00 630,000.00 03/01/2017 03/01/2026Liberty Hill 1,345,000.00 - 09/01/2008 09/01/2027Liberty Hill 6,785,000.00 - 09/01/2008 09/01/2027Littlefield 1,910,000.00 920,000.00 02/15/2008 02/15/2027Llano 3,390,000.00 3,390,000.00 09/15/2019 09/15/2038Llano 630,000.00 630,000.00 09/15/2019 09/15/2038Loraine 665,000.00 220,000.00 09/01/2004 09/01/2023Lorena 2,260,000.00 1,225,000.00 07/01/2009 07/01/2028Lorenzo 705,000.00 - 08/15/2000 08/15/2019Los Fresnos 4,975,000.00 4,025,000.00 02/01/2010 02/01/2039Los Fresnos 820,000.00 575,000.00 02/01/2016 02/01/2025Lower Valley WD 20,600,000.00 10,845,000.00 09/15/2008 09/15/2027Lubbock 35,000,000.00 31,500,000.00 02/15/2018 02/15/2037Lubbock 19,635,000.00 19,635,000.00 02/15/2020 02/15/2039Marfa 1,265,000.00 600,000.00 03/15/2009 03/15/2026Marlin 2,255,000.00 1,250,000.00 07/01/2007 07/01/2026Marlin 3,000,000.00 2,790,000.00 07/01/2014 07/01/2042Mart 810,000.00 - 09/01/1999 09/01/2018McAllen 1,190,000.00 395,000.00 02/01/2013 02/01/2022McAllen 6,655,000.00 5,625,000.00 02/01/2014 02/01/2043McAllen 2,995,000.00 1,230,000.00 02/01/2014 02/01/2023McAllen 40,000,000.00 37,160,000.00 02/01/2016 02/01/2045McAllen 7,110,000.00 7,070,000.00 02/01/2018 02/01/2047McAllen 39,485,000.00 28,420,000.00 02/01/2011 02/01/2040McAllen 7,000,000.00 7,000,000.00 02/01/2021 02/01/2048Memorial Point UD 2,045,000.00 1,860,000.00 04/01/2018 04/01/2036Mercedes 1,265,000.00 435,000.00 02/15/2008 02/15/2027Mercedes 7,530,000.00 745,000.00 02/15/2010 02/15/2029Mercedes 3,255,000.00 2,455,000.00 02/15/2015 02/15/2033Mission 16,140,000.00 14,670,000.00 02/15/2017 02/15/2044Montgomery 1,090,000.00 990,000.00 03/01/2018 03/01/2037Mount Calm 100,000.00 5,000.00 09/01/2000 09/01/2019Mount Vernon 525,000.00 430,000.00 09/01/2014 09/01/2043Nacogdoches 10,365,000.00 3,295,000.00 03/01/2006 03/01/2025North Alamo WSC 3,055,000.00 3,055,000.00 08/01/2020 08/01/2039North Alamo WSC 1,440,000.00 1,440,000.00 08/01/2020 08/01/2039North Fort Bend WA 9,420,000.00 9,080,000.00 12/15/2018 12/15/2040North Fort Bend WA 2,070,000.00 2,070,000.00 12/15/2020 12/15/2040NW Harris Co MUD # 22 3,080,000.00 2,310,000.00 04/01/2016 04/01/2030Oak Ridge North 4,600,000.00 3,710,000.00 04/01/2012 04/01/2034Olney 285,000.00 180,000.00 09/01/2015 09/01/2024Olney 2,440,000.00 2,340,000.00 09/01/2017 09/01/2046Orange Co WCID # 1 2,500,000.00 - 02/15/2010 02/15/2029Orange Co WCID # 1 11,115,000.00 1,300,000.00 02/15/2012 02/15/2031Orange Co WCID # 1 13,610,000.00 9,870,000.00 08/15/2012 08/15/2031Orange Co WCID # 2 500,000.00 200,000.00 03/01/2014 03/01/2023Paducah 945,000.00 735,000.00 02/15/2010 02/15/2038Palestine 3,745,000.00 1,200,000.00 07/15/2005 07/15/2022Palestine 860,000.00 315,000.00 07/15/2007 07/15/2025

90




UNAUDITED

Palestine 4,665,000.00 2,115,000.00 07/15/2008 07/15/2027Palestine 600,000.00 340,000.00 07/15/2010 07/15/2029Pearland 11,100,000.00 8,635,000.00 09/01/2017 09/01/2025Pearland 50,100,000.00 46,380,000.00 09/01/2017 09/01/2045Pecos City 6,870,000.00 4,125,000.00 03/15/2010 03/15/2034Pine Village PUD 845,000.00 190,000.00 03/01/2001 03/01/2020Point 1,370,000.00 370,000.00 07/01/2006 07/01/2025Port Arthur 6,995,000.00 4,245,000.00 02/15/2016 02/15/2025Quinlan 1,675,000.00 1,590,000.00 02/15/2018 02/15/2037Ralls 130,000.00 75,000.00 02/01/2015 02/01/2024Ranger 300,000.00 120,000.00 02/15/2014 02/15/2023Raymondville 1,365,000.00 1,000,000.00 04/01/2011 04/01/2040Redwater 470,000.00 200,000.00 06/01/2007 06/01/2026Rio Grande City 2,885,000.00 1,595,000.00 02/15/2011 02/15/2030Rio Grande City 1,930,000.00 1,490,000.00 02/15/2014 02/15/2033River Oaks 7,000,000.00 6,600,000.00 06/15/2018 06/15/2047Robstown 2,635,000.00 2,295,000.00 12/01/2012 12/01/2041Robstown 490,000.00 410,000.00 12/01/2015 12/01/2035Rogers 2,160,000.00 2,150,000.00 08/15/2019 08/15/2047Rogers 240,000.00 230,000.00 08/15/2019 08/15/2032Roma 3,035,000.00 220,000.00 05/01/2001 05/01/2020Roma 1,150,000.00 367,000.00 05/01/2005 05/01/2024Roscoe 1,560,000.00 600,000.00 02/15/2008 02/15/2027Roscoe 1,040,000.00 955,000.00 02/15/2016 02/15/2045Rosenberg 410,000.00 206,000.00 08/01/2010 08/01/2029Roxton 1,000,000.00 500,000.00 07/01/2008 07/01/2027Sabinal 600,000.00 180,000.00 08/15/2012 08/15/2031San Antonio River Authority 4,300,000.00 2,195,000.00 01/01/2015 01/01/2024San Antonio River Authority 9,500,000.00 9,080,000.00 01/01/2019 01/01/2038San Antonio Water System 8,070,000.00 3,625,000.00 05/15/2008 05/15/2027San Antonio Water System 17,930,000.00 13,580,000.00 05/15/2011 05/15/2040San Antonio Water System 54,300,000.00 41,210,000.00 05/15/2010 05/15/2039San Antonio Water System 18,095,000.00 14,540,000.00 05/15/2012 05/15/2041San Antonio Water System 19,630,000.00 15,545,000.00 05/15/2013 05/15/2042San Antonio Water System 60,100,000.00 50,815,000.00 05/15/2014 05/15/2043San Antonio Water System 38,260,000.00 32,910,000.00 05/15/2015 05/15/2044San Antonio Water System 14,360,000.00 13,295,000.00 05/15/2017 05/15/2046San Augustine 1,050,000.00 1,010,000.00 02/15/2012 02/15/2040San Jacinto RA 42,895,000.00 42,895,000.00 10/01/2019 10/01/2042San Juan 445,000.00 135,000.00 01/01/2013 01/01/2022San Juan 2,285,000.00 2,220,000.00 01/01/2019 01/01/2047San Juan 1,270,000.00 1,235,000.00 01/01/2019 01/01/2048San Juan 1,715,000.00 1,715,000.00 01/01/2020 01/01/2049San Juan 6,645,000.00 6,645,000.00 01/01/2020 01/01/2049San Marcos 410,000.00 250,000.00 08/15/2015 08/15/2025San Marcos 4,760,000.00 4,320,000.00 08/15/2018 08/15/2037San Marcos 1,000,000.00 910,000.00 08/15/2018 08/15/2037San Marcos 1,935,000.00 1,840,000.00 08/15/2019 08/15/2038Savoy 2,755,000.00 2,705,000.00 08/15/2019 08/15/2048Seminole 2,960,000.00 1,975,000.00 02/15/2011 02/15/2034Sequoia ID 1,380,000.00 1,185,000.00 04/01/2017 04/01/2035Sienna Plantation MUD #1 25,010,000.00 25,010,000.00 11/01/2019 11/01/2048Sonora 6,000,000.00 3,660,000.00 12/01/2010 12/01/2029Springtown 3,930,000.00 3,115,000.00 08/15/2014 08/15/2032

91




UNAUDITED

Stamford 265,000.00 60,000.00 02/15/2006 02/15/2025Stephenville 17,030,000.00 17,030,000.00 02/15/2020 02/15/2039Sulphur Springs 18,200,000.00 17,510,000.00 09/01/2017 09/01/2046Sunbelt FWSD 8,265,000.00 8,265,000.00 12/01/2019 12/01/2048Taft 5,780,000.00 4,429,000.00 03/01/2013 03/01/2042Taylor Landing 710,000.00 415,000.00 09/01/2009 09/01/2028Terrell 5,215,000.00 5,215,000.00 02/15/2020 02/15/2049Trinidad 400,000.00 215,000.00 01/01/2009 01/01/2027Trinity River Authority 86,780,000.00 11,695,000.00 08/01/2011 08/01/2030Trinity River Authority 7,760,000.00 6,455,000.00 02/01/2012 02/01/2036Trinity River Authority 1,775,000.00 1,260,000.00 08/01/2013 08/01/2032Trinity River Authority 19,465,000.00 18,065,000.00 02/01/2013 02/01/2038Trinity River Authority 11,015,000.00 9,180,000.00 08/01/2014 08/01/2038Trinity River Authority 8,280,000.00 6,740,000.00 02/01/2012 02/01/2031Trinity River Authority 107,180,000.00 91,795,000.00 08/01/2012 08/01/2034Trinity River Authority 23,410,000.00 19,320,000.00 08/01/2012 08/01/2036Trinity River Authority 127,005,000.00 121,005,000.00 08/01/2014 08/01/2043Trinity River Authority 108,395,000.00 95,895,000.00 08/01/2013 08/01/2033Trinity River Authority 37,765,000.00 32,130,000.00 02/01/2014 02/01/2038Trinity River Authority 11,710,000.00 9,470,000.00 02/01/2015 02/01/2033Trinity River Authority 27,690,000.00 23,760,000.00 08/01/2012 08/01/2034Trinity River Authority 74,270,000.00 57,730,000.00 08/01/2014 08/01/2032Trinity River Authority 14,035,000.00 12,960,000.00 02/01/2016 02/01/2040Valley MUD #2 3,730,000.00 3,730,000.00 02/15/2021 02/15/2048Vinton 825,000.00 752,000.00 08/15/2017 08/15/2046Vinton 5,085,000.00 4,940,000.00 08/15/2019 08/15/2048Weatherford 11,220,000.00 10,130,000.00 09/01/2017 09/01/2036Wells Branch MUD 1,400,000.00 - 08/01/2000 08/01/2019West Tawakoni 115,000.00 50,000.00 02/01/2014 02/01/2023Westwood Shores MUD 1,825,000.00 1,330,000.00 05/01/2014 05/01/2030Whitesboro 2,725,000.00 575,000.00 08/15/2003 08/15/2022Wichita Falls 33,545,000.00 29,775,000.00 03/01/2016 03/01/2045Willis 1,355,000.00 1,315,000.00 08/01/2012 08/01/2031Wilson 1,705,000.00 1,230,000.00 02/15/2011 02/15/2039Wimberley 650,000.00 95,000.00 08/01/2014 08/01/2020Wimberley 5,255,000.00 5,100,000.00 08/01/2019 08/01/2046Winnsboro 1,050,000.00 440,000.00 02/15/2007 02/15/2026Winnsboro 1,040,000.00 840,000.00 08/15/2016 08/15/2035Winters 655,000.00 350,000.00 10/01/2009 10/01/2028Yoakum 5,000,000.00 3,070,000.00 08/15/2009 08/15/2028Yoakum 2,500,000.00 1,350,000.00 08/15/2010 08/15/2031Zapata County 6,415,000.00 4,165,000.00 02/15/2013 02/15/2032Total - Clean Water State Revolving Fund $ 3,373,436,530.00 $ 2,615,354,530.00

Drinking Water State Revolving FundAbilene $ 2,500,000.00 $ 1,780,000.00 02/15/2014 02/15/2033Agua SUD 3,967,000.00 2,845,000.00 08/01/2011 08/01/2040Agua SUD 3,565,000.00 2,790,000.00 08/01/2015 08/01/2034Alpine 4,131,000.00 2,337,000.00 03/01/2007 03/01/2036Alvord 360,000.00 110,000.00 10/01/2004 10/01/2023Alvord 360,000.00 150,000.00 10/01/2006 10/01/2025Amarillo 1,310,000.00 535,000.00 04/01/2014 04/01/2023Amarillo 17,195,000.00 13,860,000.00 04/01/2016 04/01/2035Amarillo 18,075,000.00 10,860,000.00 05/15/2012 05/15/2031

92




UNAUDITED

Anahuac 700,000.00 35,000.00 08/01/2006 08/01/2025Anahuac 5,175,000.00 5,070,000.00 10/15/2018 10/15/2047Anthony 980,000.00 930,000.00 02/15/2018 02/15/2046Anthony 735,000.00 379,000.00 02/15/2015 02/15/2024Arlington 38,000,000.00 - 06/01/2009 06/01/2028Arlington 11,445,000.00 10,840,000.00 06/01/2019 06/01/2037Ballinger 3,865,000.00 2,435,000.00 06/01/2009 06/01/2038Ballinger 605,000.00 425,000.00 06/01/2017 06/01/2026Ballinger 1,035,000.00 1,035,000.00 06/01/2021 06/01/2030Bandera 3,000,000.00 3,000,000.00 02/01/2021 02/01/2048Bandera Co FWSD # 1 585,000.00 505,000.00 08/15/2016 08/15/2035Bangs 231,000.00 67,000.00 02/15/2015 02/15/2021Bangs 1,760,000.00 1,760,000.00 02/15/2020 02/15/2049Baytown Area WA 9,975,000.00 2,135,000.00 05/01/2007 05/01/2026Beechwood WSC 1,369,000.00 895,000.00 07/01/2009 07/01/2038Beeville 3,300,000.00 2,835,000.00 02/15/2017 02/15/2036Benton City WSC 145,000.00 - 10/01/2001 10/01/2030Bistone Municipal WSD 6,130,000.00 4,780,000.00 06/01/2015 06/01/2034Blanco 3,150,000.00 3,055,000.00 08/15/2019 08/15/2047Blossom 600,000.00 555,000.00 01/01/2011 01/01/2039Bolivar Peninsula SUD 5,070,000.00 4,360,000.00 02/15/2010 02/15/2038Bolivar Peninsula SUD 1,200,000.00 865,000.00 02/15/2010 02/15/2027Bolivar Peninsula SUD 2,360,000.00 1,760,000.00 02/15/2010 02/15/2028Bonham 7,355,000.00 4,165,000.00 02/15/2007 02/15/2036Bonham 9,830,000.00 9,830,000.00 02/15/2020 02/15/2049Booker 455,000.00 415,000.00 08/15/2018 08/15/2037Boyd 720,000.00 720,000.00 09/01/2019 09/01/2048Brady 6,115,000.00 2,520,000.00 05/01/2002 05/01/2031Brady 350,000.00 210,000.00 09/01/2015 09/01/2024Brady 10,830,000.00 10,830,000.00 09/01/2021 09/01/2050Brazosport WA 15,500,000.00 12,620,000.00 09/01/2015 09/01/2034Breckenridge 2,380,000.00 2,180,000.00 03/15/2016 03/15/2045Breckenridge 1,680,000.00 1,455,000.00 03/15/2015 03/15/2044Bright Star-Salem SUD 5,930,000.00 4,115,000.00 09/01/2011 09/01/2030Brown Co WID # 1 20,490,000.00 10,495,000.00 02/01/2009 02/01/2028Brownwood 6,335,000.00 2,360,000.00 03/15/2006 03/15/2025Burleson Co MUD # 1 1,440,000.00 952,000.00 06/01/2005 06/01/2034Burleson Co MUD # 1 120,000.00 72,000.00 06/01/2006 06/01/2035Burnet 110,000.00 40,000.00 08/15/2013 08/15/2022Cameron 9,305,000.00 8,315,000.00 03/01/2017 03/01/2042Carbon 95,000.00 83,000.00 02/15/2016 02/15/2035Castroville 350,000.00 140,000.00 02/01/2014 02/01/2023Castroville 3,500,000.00 2,925,000.00 08/01/2016 08/01/2035Central Texas WSC 22,340,000.00 12,042,530.00 03/15/2010 02/15/2030Central Washington Co WSC 2,815,000.00 2,815,000.00 10/01/2019 10/01/2046Chandler 750,000.00 750,000.00 10/15/2019 10/15/2042Cisco 3,000,000.00 2,285,000.00 02/15/2010 02/15/2038Cisco 2,200,000.00 1,425,000.00 02/15/2010 02/15/2038Cisco 4,565,000.00 4,565,000.00 02/15/2020 02/15/2049Cockrell Hill 1,875,000.00 - 04/01/2012 04/01/2031Coleman 5,025,000.00 3,325,000.00 04/01/2010 04/01/2039Comanche 705,000.00 605,000.00 09/01/2014 09/01/2043Commerce 2,274,000.00 1,707,000.00 02/15/2013 02/15/2040Commerce 466,000.00 354,000.00 02/15/2013 02/15/2040

93




UNAUDITED

Corpus Christi 51,215,000.00 46,105,000.00 07/15/2017 07/15/2045Coryell City WSD 2,000,000.00 1,975,000.00 10/01/2018 10/01/2037Cottonwood Shores 1,395,000.00 1,290,000.00 05/01/2018 05/01/2037Cotulla 3,920,000.00 3,815,000.00 02/01/2019 02/01/2047Craft-Turney WSC 1,625,000.00 1,580,000.00 02/15/2019 02/15/2042Creedmoor Maha WSC 4,667,500.00 4,615,500.00 06/01/2019 05/01/2049Crystal Clear SUD 15,000,000.00 14,495,000.00 12/01/2018 12/01/2042Cypress Creek UD 2,035,000.00 2,035,000.00 09/01/2019 09/01/2047D & M WSC 1,900,000.00 1,730,000.00 08/15/2018 08/15/2037Dallas 44,000,000.00 44,000,000.00 10/01/2019 10/01/2047Dallas 44,000,000.00 44,000,000.00 10/01/2020 10/01/2048Del Rio 9,645,000.00 6,855,000.00 06/01/2012 06/01/2040Del Rio 5,845,000.00 - 06/01/2001 06/01/2020Del Rio 5,400,000.00 540,000.00 06/01/2002 06/01/2021Del Rio 3,000,000.00 3,000,000.00 06/01/2022 06/01/2038DeLeon 80,000.00 40,000.00 02/15/2014 02/15/2023DeLeon 520,000.00 450,000.00 02/15/2015 02/15/2043Denton Co FWSD #1A 3,260,000.00 1,940,000.00 12/15/2011 12/15/2030Deport 350,000.00 50,000.00 09/01/2001 09/01/2020Devine 2,755,000.00 2,685,000.00 02/01/2019 02/01/2048Devine 6,645,000.00 6,620,000.00 02/01/2019 02/01/2048Dickens 460,000.00 455,000.00 08/15/2019 08/15/2048Eagle Pass 7,455,000.00 - 12/01/2003 12/01/2032Eagle Pass 17,090,000.00 16,580,000.00 12/01/2018 12/01/2046Eagle Pass 11,900,000.00 11,900,000.00 12/01/2020 12/01/2047Eagle Pass 11,545,000.00 6,155,000.00 12/01/2005 12/01/2034Eagle Pass 5,400,000.00 3,955,000.00 12/01/2004 12/01/2033Eagle Pass Water Works System 5,795,000.00 5,115,000.00 12/01/2013 12/01/2042East Cedar Creek FWSD 730,000.00 355,000.00 07/01/2008 07/01/2027East Rio Hondo WSC 1,379,000.00 1,121,900.00 10/01/2014 09/01/2034East Tawakoni 1,215,000.00 695,000.00 01/01/2008 01/01/2027East Tawakoni 1,000,000.00 765,000.00 01/01/2012 01/01/2030Eastland 2,385,000.00 1,610,000.00 12/01/2009 12/01/2036Eastland 695,000.00 690,000.00 02/15/2019 02/15/2038Eastland Co WSD 3,495,000.00 3,145,000.00 01/01/2015 01/01/2044Eastland Co WSD 805,000.00 805,000.00 01/01/2021 01/01/2050Edgewood 835,000.00 695,000.00 05/01/2011 05/01/2039Edinburg 5,405,000.00 4,615,000.00 03/01/2017 03/01/2036Edinburg 10,425,000.00 8,025,000.00 03/01/2015 03/01/2034El Campo 375,000.00 189,000.00 02/01/2015 02/01/2024El Jardin WSC 3,545,000.00 2,185,000.00 09/01/2004 09/01/2033El Paso Co Tornillo WID 130,000.00 85,000.00 08/01/2011 08/01/2038Eldorado 560,000.00 460,000.00 08/01/2015 08/01/2036Eldorado 1,200,000.00 1,150,000.00 08/01/2019 08/01/2038Elmendorf 10,770,000.00 10,770,000.00 08/01/2021 08/01/2048Emory 720,000.00 536,000.00 07/01/2014 07/01/2033Euless 4,685,000.00 3,805,000.00 07/15/2016 07/15/2035Euless 9,275,000.00 9,275,000.00 07/15/2020 07/15/2049Fayetteville 200,000.00 160,000.00 08/01/2016 08/01/2035Flatonia 660,000.00 245,000.00 09/01/2007 09/01/2026Fort Worth 49,585,000.00 24,095,000.00 03/01/2009 03/01/2027Fort Worth 40,000,000.00 23,540,000.00 02/15/2011 02/15/2030Fort Worth 16,145,000.00 8,845,000.00 02/15/2011 02/15/2030Garland 6,670,000.00 6,670,000.00 03/01/2020 03/01/2034

94




UNAUDITED

Gladewater 1,600,000.00 1,525,000.00 08/15/2018 08/15/2037G-M WSC 2,970,000.00 2,402,280.00 03/15/2010 02/15/2040G-M WSC 2,775,000.00 2,720,000.00 03/01/2019 03/01/2048Goldthwaite 1,480,000.00 1,340,000.00 11/01/2015 11/01/2044Gordon 460,000.00 450,000.00 03/01/2019 03/01/2048Gorman 140,000.00 108,000.00 03/01/2016 03/01/2030Gorman 1,000,000.00 980,000.00 03/01/2019 03/01/2048Granbury 16,430,000.00 15,775,000.00 08/15/2017 08/15/2045Granbury 2,720,000.00 2,180,000.00 08/15/2018 08/15/2027Granbury 15,000,000.00 14,755,000.00 08/15/2018 08/15/2037Granbury 13,810,000.00 13,810,000.00 08/15/2020 08/15/2048Grand Prairie 4,000,000.00 2,800,000.00 01/15/2015 01/15/2030Greater Texoma UA 325,000.00 25,000.00 10/01/1999 10/01/2018Greater Texoma UA 1,745,000.00 830,000.00 06/01/2008 06/01/2027Greater Texoma UA 485,000.00 255,000.00 06/01/2015 06/01/2024Greater Texoma UA 3,695,000.00 2,965,000.00 08/15/2015 08/15/2034Greater Texoma UA 2,515,000.00 1,675,000.00 10/01/2016 10/01/2024Greater Texoma UA 2,875,000.00 2,525,000.00 06/01/2016 06/01/2034Greater Texoma UA 27,310,000.00 23,480,000.00 10/01/2016 10/01/2035Greater Texoma UA 2,125,000.00 1,935,000.00 08/15/2017 08/15/2037Greater Texoma UA 7,155,000.00 6,830,000.00 10/01/2018 10/01/2037Greater Texoma UA 1,225,000.00 1,110,000.00 08/15/2018 08/15/2037Greater Texoma UA 15,200,000.00 15,200,000.00 09/01/2019 09/01/2048Greater Texoma UA 935,000.00 935,000.00 10/01/2019 10/01/2048Greater Texoma UA 3,415,000.00 3,405,000.00 08/15/2019 08/15/2048Greater Texoma UA 7,490,000.00 7,490,000.00 08/15/2020 08/15/2049Greenville 305,000.00 170,000.00 02/15/2011 02/15/2029Groesbeck 1,025,000.00 570,000.00 08/15/2007 08/15/2036Groesbeck 2,150,000.00 1,502,000.00 02/15/2011 02/15/2040Groveton 660,000.00 660,000.00 08/15/2021 08/15/2040Hamlin 5,500,000.00 2,280,000.00 03/01/2002 03/01/2031Harris Co MUD #50 2,470,000.00 2,130,000.00 03/01/2017 03/01/2035Harris Co MUD #148 2,710,000.00 1,870,000.00 04/01/2012 04/01/2031Harris Co WCID #36 3,885,000.00 3,230,000.00 09/01/2015 09/01/2034Harris Co WCID #36 5,000,000.00 2,665,000.00 09/15/2009 09/15/2027Hico 1,520,000.00 1,265,000.00 08/15/2014 08/15/2042Hidalgo Co MUD #1 5,605,000.00 3,795,000.00 02/15/2010 02/15/2039Hillsboro 3,130,000.00 3,130,000.00 07/01/2020 07/01/2039Hondo 490,000.00 200,000.00 02/01/2014 02/01/2023Hondo 5,470,000.00 4,805,000.00 08/01/2017 08/01/2036Honey Grove 2,700,000.00 2,540,000.00 09/01/2017 09/01/2045Honey Grove 200,000.00 82,000.00 03/01/2014 03/01/2023Houston 48,040,000.00 38,980,000.00 11/15/2015 11/15/2034Houston Co WCID #1 5,940,000.00 4,320,000.00 08/01/2009 08/01/2038Hubbard 1,500,000.00 1,290,000.00 02/15/2014 02/15/2043Jefferson 2,600,000.00 2,360,000.00 02/15/2018 02/15/2037Johnson County SUD 22,000,000.00 21,080,000.00 08/15/2019 08/15/2038Karnes City 3,600,000.00 2,845,000.00 06/01/2011 06/01/2037Kellyville-Berea WSC 635,000.00 610,000.00 02/15/2019 02/15/2038Kerrville 5,000,000.00 5,000,000.00 08/15/2020 08/15/2049Kirbyville 1,805,000.00 1,730,000.00 08/15/2019 08/15/2038Kountze 930,000.00 245,000.00 03/15/2000 03/15/2024La Feria 880,000.00 650,000.00 09/15/2013 09/15/2032Ladonia 200,000.00 100,000.00 02/15/2015 02/15/2024

95




UNAUDITED

Ladonia 2,810,000.00 2,785,000.00 08/15/2019 08/15/2047Lake Livingston WSSSC 3,130,000.00 2,850,000.00 12/01/2015 12/01/2034Lake Livingston WSSSC 17,500,000.00 15,180,000.00 12/01/2010 12/01/2039Lake Palo Pinto Area WSC 130,000.00 75,000.00 04/01/2015 04/01/2024Lake Palo Pinto Area WSC 1,480,000.00 1,334,000.00 04/01/2017 04/01/2036Lamar Co WSD 3,170,000.00 2,005,000.00 07/10/2008 07/10/2027Lamar Co WSD 1,380,000.00 1,160,000.00 07/10/2012 07/10/2039Laredo 5,500,000.00 4,865,000.00 03/01/2016 03/01/2045Laredo 4,600,000.00 4,045,000.00 03/01/2016 03/01/2045Lawn 885,000.00 885,000.00 03/01/2020 03/01/2049Lee Co FWSD #1 525,000.00 480,000.00 03/01/2017 03/01/2046Liberty 915,000.00 645,000.00 03/01/2017 03/01/2026Llano 890,000.00 890,000.00 09/15/2019 09/15/2038Los Fresnos 1,000,000.00 775,000.00 02/01/2016 02/01/2025Lower Neches Valley Authority 18,495,000.00 16,050,000.00 08/01/2009 08/01/2035Marlin 10,380,000.00 7,230,000.00 07/01/2007 07/01/2036Marlin 1,680,000.00 1,560,000.00 07/01/2015 07/01/2042Mason 990,000.00 990,000.00 03/01/2020 03/01/2049McAllen 12,000,000.00 12,000,000.00 02/01/2021 02/01/2048Melvin 180,000.00 175,000.00 09/01/2018 09/01/2047Menard 550,000.00 220,000.00 03/01/2014 03/01/2023Mexia 605,000.00 195,000.00 08/15/2005 08/15/2024Mexia 2,780,000.00 1,780,000.00 08/15/2010 08/15/2038Mexia 960,000.00 610,000.00 08/15/2010 08/15/2038Midlothian 25,010,000.00 - 09/01/2009 09/01/2028Millersview-Doole WSC 15,816,000.00 11,695,000.00 12/01/2005 12/01/2034Mission 7,780,000.00 4,565,000.00 02/15/2011 02/15/2030Montgomery 1,730,000.00 1,570,000.00 03/01/2018 03/01/2037Moran 180,000.00 155,000.00 02/15/2015 02/15/2044Mount Calm 331,000.00 105,000.00 03/01/2005 03/01/2024Mount Pleasant 24,785,000.00 20,305,000.00 03/15/2009 03/15/2033Mountain Peak SUD 995,000.00 545,000.00 12/01/2010 12/01/2029Mustang SUD 3,555,000.00 3,450,000.00 09/01/2018 09/01/2047Nacogdoches 7,770,000.00 2,700,000.00 03/01/2008 03/01/2027Nevada SUD 1,490,000.00 1,425,000.00 05/15/2019 05/15/2038New Deal 935,000.00 910,000.00 03/01/2019 03/01/2048North Central Texas MWA 5,500,000.00 4,390,000.00 07/10/2014 07/10/2043North Collins SUD 1,059,999.96 779,999.96 06/01/2013 06/01/2032North San Saba WSC 310,000.00 84,777.65 02/01/2012 01/01/2022North San Saba WSC 335,000.00 300,500.00 01/01/2014 01/01/2044Nueces County 70,000.00 - 09/12/2018 09/12/2018Paris 2,900,000.00 2,005,000.00 06/15/2014 06/15/2032Pearland 10,225,000.00 9,220,000.00 09/01/2018 09/01/2027Pearland 12,025,000.00 11,685,000.00 09/01/2018 09/01/2047Pearland 8,650,000.00 8,650,000.00 09/01/2019 09/01/2019Pearland 21,000,000.00 21,000,000.00 09/01/2020 09/01/2049Pecos City 8,315,000.00 550,000.00 06/15/2001 06/15/2020Pharr 13,310,000.00 8,660,000.00 09/01/2008 09/01/2027Pharr 8,725,000.00 7,450,000.00 09/01/2014 09/01/2042Pleasant Springs WSC 150,000.00 150,000.00 08/01/2020 08/01/2049Port Arthur 2,080,000.00 1,260,000.00 02/15/2016 02/15/2025Port Mansfield PUD 220,000.00 202,000.00 04/01/2017 04/01/2046Porter SUD 1,590,000.00 810,000.00 06/01/2009 06/01/2028Possum Kingdom WSC 1,625,000.00 1,045,000.00 12/15/2010 12/15/2029

96




UNAUDITED

Possum Kingdom WSC 4,700,000.00 1,330,000.00 12/15/2004 12/15/2023Ranger 420,000.00 420,000.00 02/15/2020 02/15/2049Ranger 570,000.00 570,000.00 02/15/2020 02/15/2049Raymondville 2,145,000.00 1,815,000.00 04/01/2014 04/01/2033Red Creek MUD 1,355,000.00 1,355,000.00 09/01/2019 09/01/2038Red River Co WSC 1,250,000.00 1,010,000.00 04/01/2014 04/01/2041Reklaw 300,000.00 284,000.00 03/01/2018 03/01/2047Reno 1,145,000.00 585,000.00 01/01/2005 01/01/2024Reno 900,000.00 475,000.00 01/01/2006 01/01/2024Rio Grande City 8,700,000.00 7,180,000.00 02/15/2011 02/15/2040Rio Grande City 12,200,000.00 8,935,000.00 02/15/2011 02/15/2040Rio Hondo 1,278,000.00 903,000.00 08/01/2014 08/01/2033Rio Hondo 300,000.00 255,000.00 08/01/2017 08/01/2036River Acres WSC 3,620,000.00 3,520,000.00 07/01/2019 07/01/2048River Oaks 8,000,000.00 7,560,000.00 06/15/2018 06/15/2047Robert Lee 758,000.00 628,000.00 12/01/2013 12/01/2042Robert Lee 67,000.00 55,000.00 12/01/2013 12/01/2042Rogers 2,205,000.00 2,195,000.00 08/15/2019 08/15/2047Roma 2,327,000.00 807,000.00 11/01/2000 11/01/2029Roscoe 1,965,000.00 1,965,000.00 02/15/2021 02/15/2050San Antonio Water System 26,370,000.00 19,090,000.00 05/15/2014 05/15/2033San Antonio Water System 22,400,000.00 17,140,000.00 05/15/2015 05/15/2034San Antonio Water System 75,920,000.00 67,200,000.00 05/15/2016 05/15/2045San Antonio Water System 12,500,000.00 11,565,000.00 05/15/2017 05/15/2046San Antonio Water System 10,500,000.00 10,210,000.00 05/15/2019 05/15/2048San Juan 6,170,000.00 5,035,000.00 01/01/2015 01/01/2033San Juan 1,400,000.00 1,075,000.00 01/01/2015 01/01/2033San Saba 165,000.00 90,000.00 03/01/2015 03/01/2024Santa Rosa 1,475,000.00 215,000.00 02/01/2007 02/01/2026Seis Lagos UD 1,335,000.00 675,000.00 03/01/2008 03/01/2027Seymour 2,115,000.00 2,060,000.00 03/01/2019 03/01/2048Shallowater 1,100,000.00 1,100,000.00 02/15/2020 02/15/2049Skyline Ranch Estates WSC 340,000.00 275,100.00 10/01/2014 09/01/2034Smyer 135,000.00 110,000.00 02/15/2015 02/15/2034Sonora 2,925,000.00 1,795,000.00 12/01/2010 12/01/2029South Houston 2,010,000.00 1,255,000.00 03/01/2011 03/01/2030Southmost Regional WA 3,795,000.00 2,450,000.00 09/01/2010 09/01/2029Southmost Regional WA 9,295,000.00 6,505,000.00 09/01/2010 09/01/2039Springs Hill WSC 1,100,000.00 845,000.00 11/01/2013 11/01/2032Springs Hill WSC 3,130,000.00 1,882,000.00 11/01/2011 11/01/2030Stamford 9,530,000.00 8,720,000.00 02/15/2017 02/15/2046Stephens Regional SUD 1,740,000.00 1,490,000.00 08/15/2013 08/15/2042Stephens Regional SUD 900,000.00 885,000.00 08/15/2019 08/15/2043Surfside Beach 1,655,000.00 875,000.00 02/15/2009 02/15/2028Sweetwater 1,935,000.00 1,460,000.00 08/15/2015 08/15/2033Sweetwater 5,000,000.00 4,265,000.00 08/15/2017 08/15/2036Terrell 1,700,000.00 1,700,000.00 02/15/2020 02/15/2049Tioga 580,000.00 370,000.00 04/01/2002 04/01/2031Tioga 1,050,000.00 1,030,000.00 03/15/2019 03/15/2042Trinidad 250,000.00 195,000.00 01/01/2009 01/01/2037Troy 2,100,000.00 2,045,000.00 02/01/2019 02/01/2048Tyler County SUD 1,250,000.00 825,000.00 09/01/2011 09/01/2040Tyler County SUD 775,000.00 723,000.00 09/01/2011 09/01/2040Union WSC 1,665,000.00 1,496,200.00 02/01/2014 02/01/2044

97




UNAUDITED

Upper Jasper Co WA 3,355,000.00 3,355,000.00 09/01/2020 09/01/2044Upper Leon River MWD 775,000.00 410,000.00 05/01/2015 05/01/2024Upper Leon River MWD 7,452,000.00 7,192,000.00 05/01/2018 05/01/2047Upper Leon River MWD 1,863,000.00 1,814,000.00 05/01/2018 05/01/2047Valley MUD #2 1,495,000.00 1,495,000.00 02/15/2021 02/15/2048Victoria Co WCID # 1 2,515,000.00 1,995,000.00 03/01/2010 03/01/2029Wellborn SUD 3,500,000.00 2,110,000.00 07/15/2008 07/15/2027Wellman 140,000.00 125,000.00 02/15/2017 02/15/2036West Tawakoni 1,125,000.00 1,065,000.00 02/01/2018 02/01/2047Whiteface 450,000.00 450,000.00 02/15/2020 02/15/2039White River MWD 1,055,000.00 910,000.00 06/01/2014 06/01/2043Whitewater Springs WSC 200,000.00 200,000.00 04/01/2019 04/01/2044Willis 3,150,000.00 2,735,000.00 08/01/2014 08/01/2043Wills Point 4,500,000.00 4,500,000.00 02/15/2020 02/15/2044West Wise SUD 13,430,000.00 13,065,000.00 08/15/2019 08/15/2047Willow Park 685,000.00 565,000.00 02/15/2016 02/15/2035Willow Park 995,000.00 905,000.00 02/15/2018 02/15/2037Winters 1,645,000.00 1,065,000.00 10/01/2009 10/01/2038Winters 425,000.00 265,000.00 10/01/2015 10/01/2024Winters 580,000.00 570,000.00 04/01/2019 04/01/2038Wolfe City 1,015,000.00 775,000.00 09/15/2012 09/15/2041Woodbranch Village 1,500,000.00 1,435,000.00 08/01/2019 08/01/2037Woodsboro 520,000.00 325,000.00 03/01/2009 03/01/2028Wortham 280,000.00 206,000.00 08/15/2014 08/15/2033Zapata County 14,808,000.00 10,357,000.00 02/15/2011 02/15/2040Zavala Co WCID #1 760,000.00 650,000.00 01/01/2014 01/01/2043Total - Drinking Water State Revolving Fund $ 1,636,139,499.96 $ 1,252,913,787.61

Economically Distressed Areas ProgramAirline ID $ 277,000.00 $ 172,000.00 08/15/2016 08/15/2025Alamo 279,000.00 96,000.00 03/01/2013 03/01/2022Alpine 102,000.00 28,000.00 03/01/2013 03/01/2022Asherton 155,000.00 128,000.00 07/01/2006 07/01/2025Batesville WSC 213,000.00 73,242.65 12/01/2004 12/01/2023Batesville WSC 50,000.00 24,056.04 10/01/2007 03/01/2026Brownsville 840,000.00 650,000.00 09/01/2013 09/01/2032Del Rio 533,000.00 44,000.00 06/01/2001 06/01/2020Eagle Pass 389,000.00 - 12/01/1999 12/01/2018East Aldine MD 577,000.00 412,000.00 02/15/2013 02/15/2032Eden 1,000,000.00 650,000.00 12/01/2012 12/01/2031El Paso Co Tornillo WID 410,000.00 262,000.00 08/01/2009 08/01/2030El Paso PSB 1,415,000.00 1,415,000.00 03/01/2020 03/01/2039Glen Rose 3,520,000.00 3,175,000.00 02/15/2017 02/15/2037Glen Rose 370,000.00 100,000.00 08/15/2013 08/15/2022Kerr County 2,105,000.00 2,105,000.00 02/15/2021 02/15/2038Kosse 1,050,000.00 1,007,000.00 08/01/2018 08/01/2036Kosse 225,000.00 96,000.00 08/01/2014 08/01/2023La Feria 2,516,000.00 1,665,000.00 09/15/2010 09/15/2028Laredo 915,000.00 520,000.00 03/01/2009 03/01/2028Laredo 741,000.00 261,000.00 04/01/2005 04/01/2024Laredo 7,500,000.00 2,485,000.00 03/01/2010 03/01/2029Laredo 710,000.00 293,000.00 09/01/2005 09/01/2024Los Fresnos 391,000.00 242,000.00 02/01/2010 02/01/2029McAllen 217,000.00 95,000.00 02/01/2014 02/01/2023

98




UNAUDITED

North Alamo WSC 646,000.00 539,500.00 08/01/2016 08/01/2035Odem 260,000.00 145,000.00 02/01/2010 02/01/2027Palo Pinto Co MWD #1 2,400,000.00 1,200,000.00 06/01/2010 06/01/2029Pharr 1,762,000.00 1,547,000.00 09/01/2016 09/01/2035Portland 193,000.00 142,000.00 09/01/2012 09/01/2031Roma 530,000.00 210,000.00 09/01/2005 09/01/2024Roma 343,000.00 177,000.00 09/01/2007 09/01/2026Roma 1,151,000.00 596,000.00 09/01/2007 09/01/2026Roma 283,000.00 160,000.00 08/01/2009 08/01/2028San Juan 135,000.00 75,000.00 01/01/2015 01/01/2024Skidmore WSC 420,000.00 178,000.00 06/15/2006 06/15/2025Somervell Co WD 1,340,000.00 804,000.00 09/01/2011 09/01/2030Somervell Co WD 700,000.00 460,000.00 09/01/2013 09/01/2030South Newton WSC 87,000.00 52,000.00 03/15/2005 03/15/2029Tahoka 1,871,000.00 1,716,000.00 02/15/2018 02/15/2037Terrell Co WCID #1 380,000.00 62,000.00 02/15/2003 02/15/2021Tynan WSC 31,000.00 12,039.09 07/01/2005 07/01/2024Webb County 648,000.00 427,000.00 02/15/2009 02/15/2029Zavala Co WCID #1 178,000.00 52,000.00 01/01/2003 01/01/2022Zavala Co WCID #1 193,000.00 155,000.00 01/01/2014 01/01/2033Zavala Co WCID #1 170,000.00 161,000.00 01/01/2011 01/01/2030Total - Economically Distressed Areas Program $ 40,221,000.00 $ 24,868,837.78

Rural Water Assistance FundAgua SUD $ 8,915,000.00 $ 6,769,689.61 04/01/2008 09/01/2036Agua SUD 1,000,000.00 766,276.95 01/01/2008 12/01/2037Agua SUD 2,500,000.00 2,251,905.00 04/01/2010 03/01/2049Atascosa Rural WSC 1,000,000.00 513,502.15 08/15/2007 07/15/2027Baylor WSC 575,000.00 425,000.00 02/15/2014 02/15/2032Bell-Milam-Falls WSC 1,225,000.00 580,800.00 08/15/2008 08/15/2027Benton City WSC 3,300,000.00 2,675,000.00 03/01/2004 03/01/2042Benton City WSC 1,270,000.00 - 03/01/2006 03/01/2033Birome WSC 1,909,000.00 1,754,000.00 06/01/2011 06/01/2050Birome WSC 665,000.00 609,870.00 02/01/2013 02/01/2052Bitter Creek WSC 5,300,000.00 4,915,482.00 07/01/2013 06/01/2053Bitter Creek WSC 700,000.00 637,900.00 07/01/2013 06/01/2053Bitter Creek WSC 1,500,000.00 1,387,900.00 06/01/2015 05/01/2054Bluebonnet WSC 1,500,000.00 1,339,060.00 01/15/2011 12/15/2050Bluebonnet WSC 3,600,000.00 3,327,984.00 05/01/2013 05/01/2053Cade Lakes WSC 185,000.00 152,000.00 10/01/2003 10/01/2042Canyon Regional WA 2,000,000.00 1,060,000.00 08/01/2004 08/01/2028Canyon Regional WA 3,200,000.00 2,400,000.00 08/01/2010 08/01/2039Central Bowie County WSC 2,200,000.00 251,298.00 08/01/2009 07/01/2049Central Texas WSC 3,945,000.00 3,608,619.00 11/01/2012 11/01/2051Chatt WSC 495,000.00 400,211.00 05/15/2009 05/15/2039Cypress Creek WSC 495,000.00 430,000.00 04/01/2012 04/01/2051Durham Park WSC 510,000.00 458,954.00 08/01/2011 07/01/2051East Rio Hondo WSC 2,258,000.00 1,524,279.06 11/26/2007 11/26/2032East Rio Hondo WSC 1,892,000.00 1,649,418.14 11/26/2007 11/26/2047Gause WSC 218,000.00 110,851.74 08/01/2007 08/01/2027Gause WSC 42,000.00 22,758.00 10/01/2008 09/01/2027Greater Texoma UA 1,605,000.00 1,555,000.00 10/01/2009 10/01/2037Higgins 215,000.00 137,000.00 02/15/2009 02/15/2037Jarrell-Schwertner WSC 500,000.00 - 03/01/2006 02/01/2036

99




UNAUDITED

Jarrell-Schwertner WSC 1,530,000.00 - 04/01/2008 03/01/2048Jarrell-Schwertner WSC 1,714,000.00 - 07/01/2009 06/01/2049Jarrell-Schwertner WSC 256,000.00 - 07/01/2009 06/01/2049Kempner WSC 17,755,428.00 16,100,428.00 10/01/2010 10/01/2049Kempner WSC 6,744,572.00 6,069,572.00 10/01/2010 10/01/2049Kempner WSC 5,000,000.00 4,555,000.00 10/01/2010 10/01/2049Little Elm Valley WSC 410,000.00 203,153.24 05/01/2007 04/01/2027Maloy WSC 420,000.00 389,000.00 03/01/2014 03/01/2053Martindale WSC 1,504,000.00 1,333,151.91 01/01/2009 05/01/2048McCoy WSC 1,050,000.00 908,051.84 08/15/2007 07/15/2047Merkel 3,000,000.00 2,715,000.00 09/01/2010 09/01/2048Moffat WSC 2,000,000.00 1,805,627.00 05/11/2012 05/11/2050North Kaufman WSC 1,225,000.00 1,111,536.00 09/15/2009 08/15/2049Olmito WSC 1,720,000.00 1,510,000.00 09/01/2014 12/01/2043Pleasant Springs WSC 1,135,000.00 1,059,600.00 12/01/2014 11/01/2054Riverside WSC 3,885,000.00 2,192,000.00 04/01/2010 04/01/2039Salado WSC 2,940,000.00 2,562,900.00 08/01/2008 08/01/2047South Newton WSC 795,000.00 655,000.00 03/15/2005 03/15/2042The Oaks WSC 142,000.00 42,230.83 09/15/2003 08/15/2023Trinity Rural WSC 5,770,000.00 5,108,028.26 12/15/2008 11/15/2048Trinity Rural WSC 900,000.00 805,116.00 08/15/2009 06/15/2047U & F WSC 1,200,000.00 1,105,000.00 04/15/2014 04/15/2053Zephyr WSC 4,500,000.00 4,105,000.00 03/01/2011 03/01/2049Total - Rural Water Assistance Fund $ 120,315,000.00 $ 96,050,153.73

State Participation ProgramAngelina & Neches RA $ 800,000.00 $ 800,000.00 08/01/2024 08/01/2038Angelina & Neches RA 734,000.00 734,000.00 08/01/2045 08/01/2045Brazos River Authority 20,000,000.00 14,955,000.00 09/01/2020 09/01/2034Brazos River Authority 6,000,000.00 6,000,000.00 08/15/2022 08/15/2036Coastal Water Authority 28,754,000.00 28,754,000.00 12/15/2032 12/15/2046Colorado River MWD 45,315,000.00 45,315,000.00 02/01/2030 02/01/2044Greater Texoma UA 8,675,000.00 8,675,000.00 02/01/2026 02/01/2040Houston 14,000,000.00 14,000,000.00 08/15/2022 08/15/2036Sabine River Authority 700,000.00 700,000.00 04/01/2025 04/01/2025Upper Trinity Regional WD 2,325,000.00 2,100,000.00 02/01/2022 02/01/2036Total - State Participation Program $ 127,303,000.00 $ 122,033,000.00

State Water Implementation Fund for TexasAlliance Regional Water $ 3,530,000.00 $ 3,260,000.00 08/15/2017 08/15/2045Alliance Regional Water 3,960,000.00 3,405,000.00 08/15/2017 08/15/2035Alliance Regional Water 9,865,000.00 9,605,000.00 08/15/2019 08/15/2047Alliance Regional Water 8,995,000.00 8,755,000.00 08/15/2019 08/15/2047Alliance Regional Water 11,450,000.00 10,910,000.00 08/15/2019 08/15/2037Alliance Regional Water 1,625,000.00 1,550,000.00 08/15/2019 08/15/2037Austin 20,430,000.00 18,590,000.00 11/15/2017 11/15/2036Austin 45,175,000.00 43,155,000.00 11/15/2018 11/15/2037Austin 3,000,000.00 3,000,000.00 11/15/2019 11/15/2038Azle 1,350,000.00 1,225,000.00 02/01/2018 02/01/2037Bedford 30,000,000.00 27,420,000.00 08/01/2016 08/01/2045Bedford 20,000,000.00 19,095,000.00 08/01/2018 08/01/2047Beeville 4,500,000.00 3,875,000.00 08/15/2017 08/15/2036Brazosport WA 5,605,000.00 5,605,000.00 09/01/2019 09/01/2035Brazosport WA 22,695,000.00 22,695,000.00 09/01/2019 09/01/2036

100




UNAUDITED

Brushy Creek Regional UA 4,430,000.00 4,020,000.00 08/01/2018 08/01/2037Brushy Creek Regional UA 4,435,000.00 4,020,000.00 08/01/2018 08/01/2037Brushy Creek Regional UA 8,130,000.00 7,365,000.00 08/01/2018 08/01/2037Brushy Creek Regional UA 6,970,000.00 6,635,000.00 08/01/2019 08/01/2038Brushy Creek Regional UA 8,770,000.00 8,770,000.00 08/01/2026 08/01/2038Bryan 2,345,000.00 2,090,000.00 07/01/2017 07/01/2041Canyon Regional WA 42,000,000.00 40,950,000.00 08/01/2018 08/01/2035

Central Harris Co Regional WA 10,805,000.00 9,980,000.00 08/01/2017 08/01/2045



Central Harris Co Regional WA 7,735,000.00 7,735,000.00 08/01/2020 08/01/2048Coastal Water Authority 66,565,000.00 66,565,000.00 06/15/2036 06/15/2050Coastal Water Authority 136,460,000.00 136,460,000.00 06/15/2037 06/15/2051Coastal Water Authority 24,180,000.00 22,980,000.00 06/15/2018 06/15/2047Coastal Water Authority 72,795,000.00 72,795,000.00 06/15/2038 06/15/2052Corpus Christi 2,750,000.00 2,750,000.00 07/15/2025 07/15/2025El Paso PSB 50,000,000.00 40,955,000.00 03/01/2016 03/01/2035El Paso PSB 100,000,000.00 97,000,000.00 03/01/2017 03/01/2036El Paso PSB 50,000,000.00 49,500,000.00 03/01/2018 03/01/2037Fort Worth 13,000,000.00 9,855,000.00 02/15/2016 02/15/2030Fort Worth 63,000,000.00 55,525,000.00 02/15/2018 02/15/2032Greater Texoma UA 1,210,000.00 1,150,000.00 07/01/2017 07/01/2035Guadalupe Blanco RA 2,000,000.00 2,000,000.00 08/15/2024 08/15/2035Guadalupe Blanco RA 34,285,000.00 34,285,000.00 08/15/2039 08/15/2053Guadalupe Blanco RA 12,030,000.00 12,030,000.00 08/15/2024 08/15/2048Guadalupe Blanco RA 11,895,000.00 11,895,000.00 08/15/2023 08/15/2048Hidalgo Co ID #1 7,100,000.00 6,540,000.00 08/15/2017 08/15/2045Houston 25,915,000.00 23,990,000.00 11/15/2016 11/15/2045

Houston 63,020,000.00 59,685,000.00 11/15/2017 11/15/2046

Houston 83,170,000.00 81,045,000.00 11/15/2018 11/15/2047

Houston 106,910,000.00 106,910,000.00 11/15/2019 11/15/2047

Houston 65,000,000.00 65,000,000.00 12/15/2020 12/15/2048

Houston 170,265,000.00 170,265,000.00 11/15/2019 11/15/2048Justin 2,400,000.00 2,400,000.00 08/15/2020 08/15/2037Keller 4,060,000.00 3,285,000.00 02/15/2017 02/15/2031Lone Star Regional WA 940,000.00 920,000.00 11/15/2018 11/15/2045Lone Star Regional WA 4,590,000.00 4,470,000.00 11/15/2018 11/15/2045Lone Star Regional WA 3,760,000.00 3,760,000.00 11/15/2035 11/15/2049Lone Star Regional WA 18,350,000.00 18,350,000.00 11/15/2035 11/15/2049Marfa 705,000.00 620,000.00 09/30/2017 09/30/2036McAllen 6,900,000.00 6,900,000.00 02/01/2020 02/01/2048

North Fort Bend WA 8,670,000.00 7,530,000.00 12/15/2016 12/15/2035




101




UNAUDITED


North Harris Co Regional WA 80,435,000.00 76,360,000.00 12/15/2017 12/15/2045



North Harris Co Regional WA 469,345,000.00 469,345,000.00 12/15/2020 12/15/2048North Texas MWD 44,650,000.00 44,000,000.00 09/01/2018 09/01/2047North Texas MWD 800,000,000.00 793,500,000.00 09/01/2018 09/01/2047

North Texas MWD 530,985,000.00 530,985,000.00 09/01/2019 09/01/2048Palo Pinto Co MWD #1 7,185,000.00 6,670,000.00 06/01/2017 06/01/2045Palo Pinto Co MWD #1 9,915,000.00 9,160,000.00 06/01/2017 06/01/2045Sabine River Authority 18,825,000.00 18,825,000.00 08/15/2020 08/15/2047Sabine River Authority 33,310,000.00 33,310,000.00 08/15/2020 08/15/2048Schertz Seguin LGC 22,830,000.00 22,830,000.00 08/01/2035 08/01/2051Schertz Seguin LGC 43,670,000.00 42,410,000.00 08/01/2018 08/01/2046Springtown 1,390,000.00 1,355,000.00 08/15/2019 08/15/2047Spring Valley Village 2,500,000.00 2,400,000.00 08/15/2019 08/15/2038Tarrant Regional WD 300,000,000.00 277,380,000.00 03/01/2017 03/01/2045Tarrant Regional WD 140,000,000.00 132,905,000.00 09/01/2017 09/01/2045Trophy Club MUD #1 4,635,000.00 4,230,000.00 09/01/2017 09/01/2036United Irrigation District 6,455,000.00 6,345,000.00 09/01/2018 09/01/2046United Irrigation District 1,645,000.00 1,625,000.00 09/01/2018 09/01/2046Upper Trinity Regional WD 15,565,000.00 15,565,000.00 08/01/2036 08/01/2050Upper Trinity Regional WD 29,115,000.00 29,115,000.00 08/01/2024 08/01/2045Upper Trinity Regional WD 7,590,000.00 7,310,000.00 08/01/2019 08/01/2043Waco 12,000,000.00 10,915,000.00 02/01/2018 02/01/2037

West Harris Co Regional WA 18,740,000.00 16,275,000.00 12/15/2016 12/15/2035



West Harris Co Regional WA 289,680,000.00 289,680,000.00 12/15/2020 12/15/2048Westlake 2,100,000.00 2,095,000.00 02/15/2019 02/15/2038Total - State Water Implementation Fund for Texas $ 5,552,355,000.00 $ 5,447,955,000.00

Texas Water Resource Finance AuthorityGreenbelt MIWA $ 10,150,000.00 $ 3,049,000.00 07/10/1976 07/10/2025Total - Texas Water Resource Finance Authority $ 10,150,000.00 $ 3,049,000.00

Water Loan Assistance & Storage Acquisition FundsAngelina & Neches RA $ 450,000.00 $ 230,000.00 08/01/2024 08/01/2038Arcola 400,000.00 180,000.00 03/01/2009 03/01/2028Brazos River Authority 210,000.00 210,000.00 01/01/2026 01/01/2026El Paso 1,000,000.00 250,000.00 03/01/2005 03/01/2024Fort Bend Co FWSD # 1 600,000.00 330,000.00 08/15/2011 08/15/2030Sabine River Authority 740,000.00 740,000.00 01/19/2025 01/19/2025Total - Water Loan Assistance & Storage Acquisition Funds $ 3,400,000.00 $ 1,940,000.00

102




UNAUDITED

Water Development FundActon MUD $ 335,000.00 $ 85,000.00 02/01/2004 02/01/2023Agua SUD 1,990,000.00 1,785,000.00 08/01/2013 08/01/2042Alba 1,130,000.00 - 08/15/2011 08/15/2039Alba 840,000.00 735,000.00 08/15/2017 08/15/2036Aledo 360,000.00 310,000.00 08/15/2012 08/15/2041Aledo 1,700,000.00 1,465,000.00 08/15/2013 08/15/2041Anton 3,000,000.00 2,730,000.00 02/15/2017 02/15/2041Bastrop Co WCID #2 6,345,000.00 5,570,000.00 12/01/2016 12/01/2035Bell Co WCID #1 2,290,000.00 1,455,000.00 07/10/2008 07/10/2032Bell Co WCID #1 4,000,000.00 145,000.00 07/10/2009 07/10/2033Bell Co WCID #2 390,000.00 265,000.00 09/01/2011 09/01/2029Bell Co WCID #2 1,500,000.00 1,200,000.00 09/01/2014 09/01/2033Bogata 955,000.00 845,000.00 01/15/2012 01/15/2041Bois d|Arc MUD 2,355,000.00 1,695,000.00 08/15/2010 08/15/2034Brownwood 3,440,000.00 3,105,000.00 03/15/2015 03/15/2044Brushy Creek Regional UA 91,180,000.00 - 08/01/2013 08/01/2038Brushy Creek Regional UA 24,970,000.00 - 08/01/2012 08/01/2038Brushy Creek Regional UA 65,870,000.00 - 08/01/2012 08/01/2038Buena Vista-Bethel SUD 5,900,000.00 - 08/01/2010 08/01/2039Buffalo 3,500,000.00 - 03/01/2010 03/01/2032Caddo Lake WSC 430,000.00 379,800.00 01/15/2017 07/15/2036Cade Lakes WSC 235,000.00 137,000.00 10/01/2003 10/01/2028Caney Creek MUD 5,270,000.00 4,435,000.00 03/01/2012 03/01/2040Caney Creek MUD 765,000.00 430,000.00 03/01/2005 03/01/2029Caney Creek MUD 915,000.00 735,000.00 03/01/2009 03/01/2038Caney Creek MUD 390,000.00 315,000.00 03/01/2010 03/01/2039Caney Creek MUD 590,000.00 445,000.00 03/01/2011 03/01/2035Canyon Regional WA 5,000,000.00 4,975,000.00 08/01/2019 08/01/2037Central Texas WSC 3,605,000.00 2,995,000.00 05/01/2013 05/01/2036Central Texas WSC 5,000,000.00 4,596,910.00 09/15/2015 08/15/2045Colorado Co WCID #2 253,000.00 - 02/15/2000 02/15/2019Cooper 205,000.00 95,000.00 07/01/2007 07/01/2025Copeville SUD 1,935,000.00 1,515,000.00 08/15/2012 08/15/2036Corpus Christi 34,835,000.00 29,275,000.00 07/15/2018 07/15/2029Cotulla 5,175,000.00 4,945,000.00 02/01/2018 02/01/2047Crosby MUD 2,500,000.00 - 08/15/2010 08/15/2029Cumby 695,000.00 535,000.00 01/01/2013 01/01/2034Deerhaven WCID 1,250,000.00 1,130,000.00 10/01/2014 10/01/2043De Kalb 250,000.00 185,000.00 12/01/2006 12/01/2025Dodd City 1,255,000.00 1,245,000.00 09/01/2017 09/01/2056Donna 5,500,000.00 3,910,000.00 02/01/2011 02/01/2034Early 6,000,000.00 - 02/15/2011 02/15/2035East Texas MUD of Smith 1,500,000.00 1,235,000.00 08/15/2014 08/15/2037Evadale WCID #1 480,000.00 295,000.00 07/01/2010 07/01/2029Fort Bend Co FWSD #1 8,500,000.00 1,210,000.00 08/15/2009 08/15/2038Fort Bend Co FWSD #1 8,000,000.00 7,290,000.00 08/15/2016 08/15/2045Fort Bend Co MUD #19 1,615,000.00 1,010,000.00 12/01/2006 12/01/2031Fort Bend Co MUD #49 640,000.00 470,000.00 10/01/2010 10/01/2029Fort Bend Co WCID #8 490,000.00 380,000.00 08/01/2014 08/01/2035Galveston Co WCID #1 6,500,000.00 6,050,000.00 03/01/2011 03/01/2034Glidden FWSD #1 675,000.00 420,000.00 02/15/2010 02/15/2029Gober MUD 175,000.00 30,000.00 06/01/2002 06/01/2021

103




UNAUDITED

Greater Texoma UA 2,800,000.00 1,620,000.00 10/01/2005 10/01/2028Greater Texoma UA 150,000.00 30,000.00 10/01/2001 10/01/2020Greater Texoma UA 600,000.00 180,000.00 01/01/2005 01/01/2023Greater Texoma UA 110,000.00 40,000.00 04/01/2006 04/01/2025Greater Texoma UA 5,000,000.00 3,555,000.00 10/01/2007 10/01/2036Greater Texoma UA 5,290,000.00 - 09/01/2010 09/01/2029Greater Texoma UA 1,085,000.00 715,000.00 06/01/2011 06/01/2029Greater Texoma UA 340,000.00 290,000.00 04/01/2015 04/01/2038Greater Texoma UA 135,000.00 130,000.00 07/01/2019 07/01/2042Greater Texoma UA 50,000.00 - 04/01/2000 04/01/2019Green Valley SUD 2,835,000.00 2,565,000.00 09/15/2012 09/15/2040Green Valley SUD 6,125,000.00 5,700,000.00 09/15/2013 09/15/2042Groveton 620,000.00 495,000.00 08/15/2015 08/15/2035Haciendas del Norte WID 1,725,000.00 485,000.00 02/15/1999 02/15/2023Harris Co FWSD #47 1,500,000.00 1,060,000.00 09/01/2011 09/01/2030Harris Co FWSD #47 2,310,000.00 - 09/01/2009 09/01/2028Harris Co MUD #46 1,560,000.00 1,365,000.00 05/01/2013 05/01/2037Harris Co MUD #50 1,350,000.00 1,050,000.00 03/01/2014 03/01/2033Harris Co WCID #21 5,000,000.00 3,970,000.00 09/01/2012 09/01/2035Harris Co WCID #70 1,325,000.00 975,000.00 03/01/2011 03/01/2034Harris Co WCID #70 1,435,000.00 1,050,000.00 03/01/2011 03/01/2024Henderson Co LID #3 140,000.00 15,000.00 04/01/2003 04/01/2020Henrietta 3,250,000.00 2,590,000.00 02/15/2012 02/15/2036Hurst Creek MUD 425,000.00 35,000.00 04/01/2004 04/01/2020Huxley 890,000.00 450,000.00 01/01/2000 01/01/2024Iraan 2,375,000.00 2,105,000.00 02/15/2016 02/15/2037Jasper Co WCID #1 2,200,000.00 2,105,000.00 03/15/2011 03/15/2040Jefferson 1,030,000.00 945,000.00 02/15/2018 02/15/2037Jefferson Co DD #6 5,145,000.00 3,735,000.00 08/01/2012 08/01/2030Kempner WSC 8,500,000.00 5,965,000.00 10/01/2010 10/01/2031Kosse 450,000.00 450,000.00 08/01/2020 08/01/2039Lake Amanda WCID #1 1,500,000.00 1,500,000.00 05/01/2020 05/01/2047Lakeport 965,000.00 695,000.00 03/01/2006 03/01/2035Lazy River ID 1,400,000.00 310,000.00 03/01/2001 03/01/2022Lone Star Regional WA 1,285,000.00 1,285,000.00 11/15/2019 11/15/2048Lone Star Regional WA 215,000.00 215,000.00 11/15/2019 11/15/2048Los Fresnos 360,000.00 85,000.00 02/01/2003 02/01/2022Lower Colorado RA 234,795,000.00 234,795,000.00 05/15/2021 05/15/2045Markham MUD 495,000.00 380,000.00 01/01/2014 01/01/2033Mart 490,000.00 - 09/10/1999 09/10/2018Matagorda Co WCID #2 500,000.00 380,000.00 09/01/2013 09/01/2032Meeker MWD 840,000.00 290,000.00 09/01/2003 09/01/2026Meeker MWD 1,660,000.00 1,200,000.00 09/01/2005 09/01/2029Moffat WSC 3,300,000.00 3,300,000.00 04/15/2020 04/15/2049Montgomery Co MUD #8 2,725,000.00 2,295,000.00 04/01/2014 04/01/2036Montgomery Co MUD # 9 2,725,000.00 2,345,000.00 04/01/2015 04/01/2036Montgomery Co UD #3 5,420,000.00 4,885,000.00 04/01/2012 04/01/2036Mountain Peak SUD 1,500,000.00 975,000.00 12/01/2010 12/01/2029Nassau Bay 2,445,000.00 1,700,000.00 02/01/2012 02/01/2031North Central Texas MWA 565,000.00 255,000.00 07/10/2008 07/10/2027North Channel WA 2,600,000.00 1,210,000.00 01/15/2011 01/15/2029North Forest MUD 6,430,000.00 5,055,000.00 04/01/2012 04/01/2035Northeast Texas MWD 1,550,000.00 1,550,000.00 09/01/2025 09/01/2034Oak Hill FWSD #1 500,000.00 445,000.00 08/01/2015 08/01/2044

104




UNAUDITED

Olmito WSC 1,040,000.00 830,000.00 09/01/2014 12/01/2034Parker County SUD 3,000,000.00 2,570,000.00 12/01/2011 12/01/2040Parker County SUD 2,000,000.00 1,755,000.00 12/01/2013 12/01/2042Pecos City 460,000.00 35,000.00 06/15/2001 06/15/2020Pine Village PUD 205,000.00 110,000.00 03/01/2001 03/01/2022Port O'Connor ID 2,815,000.00 2,450,000.00 09/01/2016 09/01/2035Portland 322,000.00 221,000.00 09/01/2011 09/01/2029Rayburn Country MUD 4,975,000.00 3,065,000.00 09/15/2013 09/15/2032Richwood 500,000.00 205,000.00 02/15/2006 02/15/2025Riverbend Water Resources 4,925,000.00 4,525,000.00 10/15/2016 10/15/2045Riverside WSC 965,000.00 675,000.00 04/01/2010 04/01/2032Sabinal 130,000.00 50,000.00 08/15/2011 08/15/2024Sabine River Authority 7,000,000.00 - 07/01/2010 07/01/2034San Jacinto RA 67,470,000.00 54,675,000.00 10/01/2013 10/01/2035San Jacinto RA 175,000,000.00 145,120,000.00 10/01/2013 10/01/2037San Jacinto RA 165,000,000.00 153,150,000.00 10/01/2013 10/01/2040San Jacinto RA 39,850,000.00 35,065,000.00 10/01/2014 10/01/2040San Jacinto RA 29,000,000.00 26,460,000.00 10/01/2016 10/01/2039Seagraves 3,375,000.00 2,925,000.00 02/15/2016 02/15/2037Shallowater 4,100,000.00 2,970,000.00 02/15/2013 02/15/2031Shallowater 900,000.00 900,000.00 02/15/2021 02/15/2049Shoreacres 4,500,000.00 4,350,000.00 08/15/2019 08/15/2048Skidmore WSC 175,000.00 80,000.00 06/15/2006 06/15/2025South Newton WSC 6,250,000.00 5,245,000.00 03/15/2006 03/15/2043Sunbelt FWSD 4,075,000.00 3,770,000.00 12/01/2017 12/01/2038Sunbelt FWSD 10,440,000.00 10,060,000.00 12/01/2012 12/01/2036Travis Co WCID #17 2,100,000.00 945,000.00 10/01/1998 10/01/2026Travis Co WCID #17 1,100,000.00 670,000.00 11/01/2005 11/01/2029Travis Co WCID #17 1,775,000.00 1,330,000.00 11/01/2011 11/01/2032Tyler County SUD 1,039,000.00 426,000.00 09/01/2010 09/01/2024Tynan WSC 185,000.00 67,154.32 07/01/2005 07/01/2024Upper Trinity Regional WD 11,560,000.00 11,560,000.00 08/01/2023 08/01/2045Upper Trinity Regional WD 23,990,000.00 23,990,000.00 08/01/2023 08/01/2045Victoria Co WCID #1 500,000.00 205,000.00 07/15/2006 07/15/2025Victoria Co WCID #2 250,000.00 130,000.00 02/15/2008 02/15/2027Walker Co SUD 500,000.00 420,000.00 10/01/2014 10/01/2034Walnut Creek SUD 2,145,000.00 - 01/10/2010 01/10/2034White Oak Bend MUD 910,000.00 580,000.00 10/01/2004 10/01/2027Whitewater Springs WSC 350,000.00 350,000.00 04/01/2020 04/01/2044Wortham 820,000.00 270,000.00 05/15/1999 05/15/2023Total - Water Development Fund II $ 1,258,389,000.00 $ 913,082,864.32

Water Infrastructure FundAmarillo $ 38,885,000.00 $ 20,705,000.00 05/15/2011 05/15/2028Amarillo 47,400,000.00 29,680,000.00 05/15/2011 05/15/2029Brazos River Authority 22,000,000.00 12,365,000.00 02/15/2011 02/15/2029Central Harris Co Regional WA 22,050,000.00 12,185,000.00 08/01/2010 08/01/2029Cleburne 1,180,000.00 725,000.00 02/15/2013 02/15/2029Cleburne 4,750,000.00 2,955,000.00 02/15/2013 02/15/2029Cleburne 14,500,000.00 8,655,000.00 02/15/2013 02/15/2030Cleburne 2,380,000.00 1,780,000.00 02/15/2015 02/15/2033Coastal Water Authority 28,000,000.00 28,000,000.00 12/15/2019 12/15/2028Coastal Water Authority 5,115,000.00 5,115,000.00 06/15/2020 06/15/2030Colorado River MWD 11,685,000.00 7,420,000.00 01/01/2011 01/01/2030

105




UNAUDITED

Colorado River MWD 11,970,000.00 8,020,000.00 01/01/2012 01/01/2031Corpus Christi 8,000,000.00 8,000,000.00 07/15/2020 07/15/2029Corsicana 1,935,000.00 1,030,000.00 02/15/2011 02/15/2028Dallas 8,280,000.00 5,505,000.00 10/01/2013 10/01/2028Dallas 15,100,000.00 - 10/01/2009 10/01/2028Dallas 94,723,000.00 58,733,000.00 10/01/2012 10/01/2028Grand Prairie 4,995,000.00 3,110,000.00 01/15/2011 01/15/2030Greater Texoma UA 21,230,000.00 12,910,000.00 08/15/2011 08/15/2030Greater Texoma UA 4,100,000.00 3,260,000.00 10/01/2012 10/01/2031Greater Texoma UA 2,000,000.00 1,655,000.00 10/01/2013 10/01/2031Greater Texoma UA 1,135,000.00 845,000.00 10/01/2013 10/01/2032Guadalupe Blanco RA 4,400,000.00 2,840,000.00 08/15/2013 08/15/2031Lubbock 22,615,000.00 - 02/15/2009 02/15/2028Lubbock 19,945,000.00 12,420,000.00 02/15/2011 02/15/2030Lubbock 41,000,000.00 25,290,000.00 02/15/2011 02/15/2030North Texas MWD 9,930,000.00 9,930,000.00 09/01/2019 09/01/2028North Texas MWD 43,980,000.00 21,410,000.00 09/01/2011 09/01/2029Palo Pinto Co MWD #1 3,200,000.00 1,815,000.00 06/01/2010 06/01/2028San Angelo 120,000,000.00 74,175,000.00 02/15/2012 02/15/2031San Antonio Water System 35,000,000.00 25,925,000.00 05/15/2016 05/15/2029San Antonio Water System 24,550,000.00 15,205,000.00 05/15/2012 05/15/2031San Antonio Water System 50,000,000.00 35,650,000.00 05/15/2014 05/15/2033San Jacinto RA 21,500,000.00 18,215,000.00 10/01/2017 10/01/2028Somervell Co WD 9,367,000.00 5,932,000.00 09/01/2011 09/01/2030Somervell Co WD 9,494,000.00 5,694,000.00 09/01/2011 09/01/2030Tarrant Regional WD 3,135,000.00 1,805,000.00 03/01/2013 03/01/2027Tarrant Regional WD 6,755,000.00 3,150,000.00 03/01/2018 03/01/2027Tarrant Regional WD 17,835,000.00 15,370,000.00 03/01/2018 03/01/2030Tarrant Regional WD 83,785,000.00 52,195,000.00 03/01/2011 03/01/2030Upper Trinity Regional WD 10,400,000.00 8,455,000.00 08/01/2018 08/01/2027West Harris Co Regional WA 41,965,000.00 28,655,000.00 12/15/2012 12/15/2031Total - Water Infrastructure fund $ 950,269,000.00 $ 596,784,000.00

Grand Total $ 13,083,323,029.96 $ 11,078,522,548.44

106

Documents

for the fiscal year ended August 31, 2019 · 2019. 12. 6. · P.O. Box 13231, 1700 N. Congress Ave. Austin, TX 78711-3231, Phone (512) 463-7847, Fax (512) 475-2053 Our Mission To