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City of Lubbock, Texas Bond Rating Presentation March 2016
LubbockCity of
Bond Issuance Timeline………………………………………...………………1
City of Lubbock Organizational Chart …………………………..………….. 2
Selected Management Biographies………………………………………………….....3
Project Funding Summary by Issue……………………………………………………………..5
Bond Project Listing………………………………………...……………… 7
Capital Projects………………..………………………………………..……..14
Economic Overview……………………………………………………………..47
Policies on Fund Balance and Net Position Policies…………………………………………..64
General Fund…………………………………………………………………..65
Water Fund……………………………………………………………………..77
Wastewater Fund……………………………………………………………..88
Solid Waste Fund……………………………………………………………..94
Storm Water Fund…………………………………………………………..100
Airport Fund……………………………………………………………………106
Cemetery Fund…………………………………………………………………..124
Civic Centers Fund……………………………………………………………129
Internal Service Funds……………………………………………………….135
North Overton TIF…………………………………………………………..153
Central Business District TIF………………………..………………………..163
Lubbock Business Park TIF…………………………………...……………..171
Investment Report……………………………...………………………………..179
Table of Contents
S M T W T F S S M T W T F S S M T W T F S S M T W T F S
1 2 1 2 3 4 5 6 1 2 3 4 5 1 2
3 4 5 6 7 8 9 7 8 9 10 11 12 13 6 7 8 9 10 11 12 3 4 5 6 7 8 9
10 11 12 13 14 15 16 14 15 16 17 18 19 20 13 14 15 16 17 18 19 10 11 12 13 14 15 16
17 18 19 20 21 22 23 21 22 23 24 25 26 27 20 21 22 23 24 25 26 17 18 19 20 21 22 23
24 25 26 27 28 29 30 28 29 27 28 29 30 31 24 25 26 27 28 29 30
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Financing City of Lubbock, Texas ‐ Issuer 1 Holiday 1 Notice Ads
Team RBC Capital Markets, LLC ‐ Financial Advisor 1 City Council
Members Andrews Kurth LLP ‐ Bond Counsel 1 Debt Sale Activity
Action Responsibility
RBCCM
City, RBCCM
CITY, AK
CITY
CITY
CITY
CITY
CITY, RBC
All Parties
CITY
CITY, RBC
CITY
All Parties
CITY, RBC
CITY
All Parties
CITY, RBC
All Parties
All Parties
RBC
AK
All Parties
All Parties
City, RBCCM
*Preliminary, subject to change. As of March 2, 2016.
16‐Mar‐16 RBC Receive Comments on Draft POS
08‐Mar‐16 Publish LP&L Notice of Intent for fourth time
15‐Mar‐16 Publish LP&L Notice of Intent for fifth time
08‐Mar‐16 Conference Call Meetings with Credit Rating Agencies
Distribute Draft FOS for Comments
Pricing Certificate Executed by Designated City Representative (Interest
Rates Locked)
06‐Apr‐16
05‐Apr‐16 Negotiated Sale ‐ Pricing of Obligations
Publish LP&L Notice of Intent for third time
Distribute POS to Potential Purchasers
Distribute Draft POS for Comments
22‐Mar‐16 Receive Ratings
Council Meeting ‐ Adopt Notice of Intent
16‐Feb‐16 Publish CO & LP&L Notices of Intent for first time
02‐Mar‐16
Publish CO & LP&L Notices of Intent for second time
Council Meeting ‐ BKD Presents CAFR to City Council
01‐Mar‐16
Send Draft POS and Credit Information to Credit Rating Agencies
26‐Jan‐16 Request Information for Offering Documents (POS and FOS)
10‐Feb‐16 City Return Request for Information to RBCCM
02‐Mar‐16
Date
24‐Mar‐16
12‐Apr‐16 Receive Comments, Finalize & Distribute FOS
08‐Apr‐16 Submit Documents to Attorney General for Approval
23‐Feb‐16
RBC Receive FINAL Comments on Draft POS
11‐Feb‐16
City of Lubbock, Texas
AprilMarchJanuary
Timetable*
2016
February
General Obligation Refunding Bonds, Series 2016Tax and Waterworks System Surplus Revenue Certificates of Obligation, Series 2016
28‐Apr‐16 City Council Meeting ‐ Final Sales Results Presented
Electric Light and Power System Revenue Bonds, Series 2016
27‐Apr‐16 Closing ‐ Transfer of Funds ‐ Obligations Delivered
Council Meeting ‐ Action Item: Approve Parameters Ordinance Authorizing
Issuance of Obligations
05‐Apr‐16
28‐Mar‐16
15‐Mar‐16
25‐Feb‐16
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City of Lubbock, TX Rating Agency Presentation
Selected Management Biographies
James W. Loomis, City Manager
James W. Loomis, A.A.E., serves as City Manager for the City of Lubbock. In this role he provides oversight and direction for all city departments. One of the City Manager's biggest functions is preparing and submitting a balanced budget to the City Council. The City Manager's Office also assists the City Council in the development and formulation of policies, goals, and objectives. James has been with the City of Lubbock since 2004.
Prior to becoming City Manager in July 2013, he was the Executive Director of Aviation. Before coming to Lubbock, James served in managerial positions at the
East Texas Regional Airport and airports in Illinois, Alabama, Kansas, and Houston.
James has a master's degree in public administration from Central Michigan University and a bachelor's degree from Troy State University (Alabama). He served in the U.S. Army from 1969 to 1983.
Linda Cuellar, Acting Executive Director of Finance, CPA
Linda Cuellar, CPA, is Acting Executive Director of Finance for the City of Lubbock. In this role she is responsible for overseeing accounting, reporting, treasury, and debt for the City. She has been with the City of Lubbock for almost 18 years. She began her career with the City as a staff accountant. She was later promoted to senior accountant and then later was named Accounting Supervisor. Linda was formerly the controller for a small business in Levelland, Texas. She has over 23 years of accounting experience.
Linda graduated from Texas Tech University with a Bachelor of Business Administration degree in Accounting. She is a certified public accountant in Texas. She is a past board member of Catholic Charities and the Lubbock Fire Pension Fund. She is a member of the National Government Finance Officers Association, Government Finance Officers Association of Texas, West Texas Women Certified Public Accountants and the South Plains chapter of the Texas Society of Certified Public Accountants. She is also active in her church.
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City of Lubbock, TX Rating Agency Presentation
Selected Management Biographies
Cheryl Brock, Executive Director of Budget
Cheryl worked in accounting in her early career in retail and economic development. She began her 24-year career with the City of Lubbock in April 1992 as a Business Development Specialist handling TIFs and PIDs, economic and demographic statistics, City tax abatement program, and working with businesses interested in expanding or relocating to Lubbock. She continued in that position, until she was promoted to Senior Financial Analyst in October 2005.
In May 2007, Cheryl moved to the Fiscal Policy Department (Budget) as the Capital Program Manager, where she was responsible for managing the City of Lubbock’s
$700 million capital program. In March 2012, Cheryl was promoted to Executive Director of Budget. She is responsible for managing the Fiscal Policy Department as well as the preparation of the annual budget of $711 million, revenue forecasting, financial analysis, monitoring budgets throughout the year, management of all special districts, preparation and management of the Utility rate models, and monthly financial reports to the City Council.
Cheryl graduated from South Plains College with an Associate in Applied Science Degree in Computer Information Systems in May, 1987. She received her Bachelor of Science in Occupational Education, with a Business Administration major, from Wayland Baptist University in October 2004. Cheryl is a member of the National Government Finance Officers Association and Government Finance Officers Association of Texas.
Kevin Rule, Debt and Investment Analyst
Kevin Rule brings extensive knowledge in the financial services sector to his role as the Debt and Investment Analyst. He spent the first 19 years of his career working in the private sector. He started his career working for regional broker dealers in the Retirement Services area. He then transitioned to a Financial Advisor and eventually the Manager of a Wealth Management Department for a community bank in the Lubbock area. Prior to joining the City, he also spent 3 years as a small business owner in Mount Pleasant, South Carolina where he ran a family owned coffee house.
Kevin returned to Lubbock in 2014 and joined the City’s Finance Department where he is responsible for planning, directing, coordinating and administering activities related to the oversight of capital financing for the City along with overseeing the treasury and investment functions for the City. He is currently a board member of the Lubbock Fire Pension Fund.
Kevin received his Bachelor of Science in Family Financial Planning from Texas Tech University.
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Cost Funding Fund Project Estimate Term
Administrative Services Municipal Facilities Replacements/Renovations 52,800,000$ 20 year
Airport Terminal Building Remodel - Design Only 283,605 20 year
Central Business District TIF Underground Utilities 750,000 20 yearGateways - Revenue 1,500,000 20 year
Internal Service Upgrade 800 MHZ Radio System to P25 Compliance 3,335,000 10 year
North Overton TIF North Overton TIF Public Improvements 1,500,000 10 year
Public Safety Emergency Operations Center 6,070,000 20 year
Streets Street Maintenance Program 3,071,837 10 yearErskine Street - Indiana Avenue to Quaker Avenue 1,478,515 20 yearCommunication System Expansion 350,000 20 year
Solid Waste Cell VI Final Expansion at 69 536,767 7 yearLandfill 69 Gas Collection System Replacement 352,550 7 yearCell 5 Development 2252 4,985,182 10 year
Wastewater Water Reclamation Plant Replacements 500,000 10 yearSEWRP Emergency Generator and Switch Gear 250,000 10 yearSewer Line Replacement 204,391 20 yearSewer Lines Ahead of Street Paving 300,000 20 yearNorthwest Water Reclamation Plant 18,500,000 20 yearDrying Bed Rehabilitation 655,000 20 year
Water Water Treatment Plant Improvements 6,000,000 10 yearWater Lines Ahead of Street Pavings 1,300,000 20 yearBailey County Wellfield Supply Line/Pumping System 9,467,915 20 year
Total Funding 114,190,762$
City of Lubbock, TX
Tax and Waterworks System Surplus Revenue Certificates of Obligation, Series 2016
Finance DepartmentRating Agency Presentation
Project Funding Summary by Issue
5
Cost Funding Fund Project Estimate Term
City of Lubbock, TXFinance Department
Rating Agency PresentationProject Funding Summary by Issue
Lubbock Power and Light Downtown Redevelopment Underground 510,500$ 10 year15kV System Reconductor or Rebuild 255,250 10 yearSubstation Battery Replacement 120,000 10 yearSubstation RTU Replacement 150,000 10 yearMassengale Station - Medium Term 1,000,000 10 yearChalker Capacity Upgrade 4,500,000 20 year69 kV Line Rebuild - Thompson to Vicksburg 120,000 30 year115kV Line Construction - Northwest to Mackenzie 750,000 30 year69 kV Line Rebuild - Chalker to Thompson 225,000 30 year69 kV Line Rebuild - Chalker to Oliver 225,000 30 yearSoutheast Substation Autotransformer 150,000 30 year69kV Capacitor Upgrade - Vicksburg 50,000 30 year69kV Capacitor Upgrade - Chalker 50,000 30 year69kV Capacitor Upgrade - Slaton 50,000 30 year
Total Funding 8,155,750$
Electric Light and Power System Revenue Bonds, Series 2016
6
City of Lubbock, TX Finance Department
Rating Agencies Presentation Tax and Waterworks System Surplus Revenue Certificates of Obligation, Series 2016
Projects Funded by this Issue
ADMINISTRATIVE SERVICES
Municipal Facilities Replacement/Renovations Funded by 2016 CO: $52,800,000 Purchase of land or building acquisition; construction of new facilities; and renovations and/or upgrades to existing facilities including the property located at 1206 14th Street, City Hall, and other buildings as funding allows. All costs related to the design, engineering, and professional services as related to acquisition, remodeling, construction, renovations, and upgrades are included in the project.
AIRPORT
Terminal Building Remodel – Design Only Funded by 2016 CO: $283,605 Address airport facilities areas of concern such as security inspection space, checked baggage screening, existing window system, and handicap accessibility issues to meet the requirements of the FAA. Terminal building re-roofing and HVAC improvements will also be included in the project.
CBD TIF
Underground Utilities Funded by 2016 CO: $750,000 Design, relocation, and upgrade of public utility infrastructure in downtown Lubbock as recommended by the Downtown Redevelopment Plan.
Gateways Funded by 2016 CO: $1,500,000 Construct gateways and green spaces in the Central Business District TIF.
INTERNAL SERVICES
Upgrade 800 MHZ Radio System to P25 Compliance - Funded by 2016 CO: $3,335,000 10 Year Upgrade the City radio system to P25 compliance. Phase IV consists of adding six C3 radio dispatch consoles, ten master V channels to the primary site, four master V channels to the west tower, changing 565 non-P25 compliant radios to P25 compliant radios, and upgrading 273 radios to P25 compliance.
7
NORTH OVERTON TIF
North Overton TIF Public Improvements - 10 Year Funded by 2016 CO: $1,500,000 Construction of public improvements in the right-of-way for the remaining undeveloped tracts. Also included in the project is the repair or replacement of public improvements in the right-of-way for already developed areas and any other replacement of original construction that is needed.
PUBLIC SAFETY
Emergency Operations Center Funded by 2016 CO: $6,070,000 Construction of a new Emergency Operations Center at the Fire Administration Complex. TheEmergency Operations Center will be approximately 12,000 square feet to accommodate a full and sustained activation of the City’s Emergency Management Program during catastrophic events.
PUBLIC WORKS
Erskine Street – Indiana Avenue to Quaker Avenue Funded by 2016 CO: $1,478,515 Construction of full width paving on an 88-foot wide T-2 designated thoroughfare on Erskine Street from Indiana Avenue to Quaker Avenue, with three traffic lanes in each direction and a continuous left turn lane.
Street Maintenance Program – 10 Year Funded by 2016 CO: $3,071,837 Micro-surfacing, asphalt rejuvenation, asphalt milling, asphalt milling and overlay, full or partial depth pavement repair, total reconstruction, patching, crack sealing, concrete joint sealing, and brick street repair.
Communication System Expansion Funded by 2016 CO: $350,000 Expand the fiber communications for approximately 40 miles, and improve detection at 96 signalized intersections. The extension of the fiber communication will provide bandwidth for other city department facilities.
SOLID WASTE
Cell 5 Development 2252 – 10 Year Funded by 2016 CO: $4,985,182 Excavation of soil from a 17.8 acre area for a fifth cell at the landfill. The cell will be 1,550 feet long, 500 feet wide, and average 58 feet in depth. Once excavation is complete, a geocomposite liner and leachate system will be installed and covered with 2 feet of soil. The cell development will also include construction of litter fencing to control and manage windblown litter,
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installation of a concrete pad at the fuel site, seeding of excavated soil stockpile, and installation of an additional leachate evaporation pond.
Cell VI Final Expansion at 69 – 7 Year Funded by 2016 CO: $536,767 Completion of excavation and lining of an area immediately east of the existing lined cell area. The new cell will provide an additional three years of space for construction and demolition material.
Landfill 69 Gas Collection System Replacement – 7 Year Funded by 2016 CO: $352,550 Excavate the methane gas lines that collect gas from the eastern portion of the landfill and either replace or regrade the lines to maximize methane gas flow to the flare.
WASTEWATER
Sewer Line Replacement Funded by 2016 CO: $204,391 Replacement of deteriorated or damaged sanitary sewer lines and manholes.
Sewer Lines Ahead of Street Paving Funded by 2016 CO: $300,000 Installation of sewer lines ahead of municipal, county, and state paving projects including but not limited to Gateway Paving Projects.
Water Reclamation Plant Replacements – 10 Year Funded by 2016 CO: $500,000 Purchase and install new equipment; modify and/or rehabilitate existing equipment, facility, and piping system; and other major maintenance activities.
Northwest Water Reclamation Plant Funded by 2016 CO: $18,500,000 Design and construction of a new Northwest Water Reclamation Plant. The reclamation plant will handle wastewater flow from Northwest Lubbock. The new plant will handle five million gallons of wastewater a day with the ability to expand to fifteen million gallons. The new plant will produce stream quality effluent that may be discharged into the North Fork of the Double Mountain Fork of the Brazos River for potential reuse.
SEWRP Emergency Generator and Switch Gear – 10 Year Funded by 2016 CO: $250,000 Design and construct a generator facility to ensure electrical power to Lift Station 48 prior to the headworks and the Plant 4 intermediate lift station to maintain pump capacity during power outages. Design and install automatic switch gear on effluent pump station 2 to ensure automatic start of effluent pumps during power outages.
Drying Bed Rehabilitation Funded by 2016 CO: $655,000 Rehabilitation of the drying beds located at the Southeast Water Reclamation Plant.
9
WATER
Water Treatment Plant Improvements – 10 Year Funded by 2016 CO: $6,000,000 Purchase and install new equipment; modify existing equipment, facility and treatment system, and other major maintenance activities at the North Water Treatment Plant.
Water Lines Ahead of Street Pavings Funded by 2016 CO: $1,300,000 Relocate and install water lines ahead of municipal, county, and state paving projects and future development including but not limited to the Gateway Paving Project.
Bailey County Well Field Supply Line/Pumping System Funded by 2016 CO: $9,467,915 This project will add a new branch to the Bailey County Well Field (BCWF) supply line to relocate the main system connection directly to pump station No. 7. This will by-pass the aged Low Head B pump station which will be demolished. Pump station No. 7 will either be relocated or rehabilitated, and pump station No. 9 will be rehabilitated.
Total 2016 Certificates of Obligation $114,190,762
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City of Lubbock, TX Finance Department
Rating Agencies Presentation Electric Light and Power System Revenue Bonds, Series 2016
Projects Funded by this Issue
Electric Light and Power System Revenue Bonds, Series 2016
Downtown Redevelopment Underground – 10 Year Funded by LP&L Rev Bonds: $510,500 LP&L currently serves the downtown with an overhead power system. LP&L will move all overhead facilities into an underground duct bank. These funds will be used to purchase and install pad mounted 15kV switches, enclosures, power cables and transformers in the area before removing all existing overhead facilities.
15 kV System Re-conductor / Rebuild – 10 Year Funded by LP&L Rev Bonds: $255,250 Re-conductor or rebuild distribution lines within the LP&L service territory. Re-conductor is the term used when a line has its existing wires (conductors) taken down and replaced with new, larger wires. A re-conductor job is different than a rebuild job as a re-conductor job does not require the poles (structures) to be replaced where as a rebuild is usually a complete tear down and replace. In the case of distribution, a re-conductor must be performed while the lines are still energized, and rebuilds must be performed with minimal outage time to customers.
Chalker Capacity Upgrade – 20 Year Funded by LP&L Rev Bonds: $4,500,000 Purchase and install two (2) new 30/40/50 MVA substation power transformers, re-insulate the substation to meet 115kV design requirements, and convert the substation to a 115kV ring bus design. This project will include the procurement and installation of the transformers, associated bus, breaker, and relay upgrades that will accommodate the larger capacity transformers. The project will include removing four (4) existing 10 MVA power transformers and upgrading the substation buses for increased capacity.
69kV Line Rebuild – Thompson to Vicksburg – Funded by LP&L Rev Bonds: $120,000 30 Year Rebuild 1.25 miles of a 69kV transmission line from the Thompson Substation to the Vicksburg Substation. The transmission line is primarily constructed of 70-75 foot wood poles with single-circuit or double-circuit distribution under-build for most of the line. The new transmission line will be 795 aluminum conductor steel reinforced (ACSR) with an optical ground wire (OPGW) static neutral wire. The line will be re-insulated for 115kV. The project includes the engineering, material, and construction costs associated with rebuilding the transmission line. The initial funding will primarily fund design and engineering of this project.
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115kV Line Construction–NW to Mackenzie–30 Yr Funded by LP&L Rev Bonds: $750,000 Build approximately five miles of new 115kV transmission line from the Northwest Substation to the Mackenzie Substation. The new transmission line will be 795 aluminum conductor steel reinforced (ACSR) with an optical ground wire (OPGW) static neutral wire. The new transmission line will be insulated for 115kV. The project will include the routing, permitting, engineering, materials, and construction cost associated with building the transmission line. The initial funding will primarily fund design and engineering of this project.
69kV Line Rebuild–Chalker to Thompson–30 Year Funded by LP&L Rev Bonds: $225,000 Rebuild two miles of a 69kV transmission line from the Chalker Substation to the Thompson Substation. The transmission line is primarily constructed of 70-75 foot wood poles with single-circuit or double-circuit distribution under-build for most of the line. The new transmission line will be 795 aluminum conductor steel reinforced (ACSR) with an optical ground wire (OPGW) static neutral wire. The line will be re-insulated for 115kV. This project includes the engineering, material, and construction costs associated with rebuilding the transmission line. The initial funding will primarily fund design and engineering of this project.
69kV Line Rebuild – Chalker to Oliver – 30 Year Funded by LP&L Rev Bonds: $225,000 Rebuild two miles of a 69kV transmission line from the Chalker Substation to the Oliver Substation. The transmission line is primarily constructed of 70-75 foot wood poles with single-circuit or double-circuit distribution under-build for most of the line. The new transmission line will be 795 aluminum conductor steel reinforced (ACSR) with an optical ground wire (OPGW) static neutral wire. The line will be re-insulated for 115kV. This project includes the engineering, material, and construction costs associated with rebuilding the transmission line. The initial funding will primarily fund design and engineering of this project.
Southeast Substation Autotransformer – 30 Year Funded by LP&L Rev Bonds: $150,000 Connect 230/69kV 100MVA auto transformer to existing 69kV and 230kV buses. This includes the engineering design to physically connect the transformer to the high voltage buses and the electrical design to properly operate and protect the transformer being installed. The physical design will include the bus, structure, conduit, grounding, steel, and foundation designs required to connect to the buses. The electrical design will include integrating the transformer protection with the existing protection schemes and systems already at the substation. The project includes the engineering, material, and construction costs associated with installing the transformer. The initial funding will primarily fund design and engineering of this project.
69kV Capacitor Upgrade – Vicksburg – 30 Year Funded by LP&L Rev Bonds: $50,000 Upgrade existing 69kV capacitor banks, 69kV breakers, and relay protection for Vicksburg Substation. Capacitor banks are typically purchased as a package. This would include the capacitor banks, metering equipment, and all of the protection associated with protecting the capacitor bank.
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69kV Capacitor Upgrade – Chalker – 30 Year Funded by LP&L Rev Bonds: $50,000 Upgrade existing 69kV capacitor banks, 69kV breakers, and relay protection for Chalker Substation. Capacitor banks are typically purchased as a package. This would include the capacitor banks, metering equipment, and all of the protection associated with protecting the capacitor bank.
69kV Capacitor Upgrade – Slaton – 30 Year Funded by LP&L Rev Bonds: $50,000 Upgrade existing 69kV capacitor banks, 69kV breakers, and relay protection for Slaton Substation. Capacitor banks are typically purchased as a package. This would include the capacitor banks, metering equipment, and all of the protection associated with protecting the capacitor bank.
Substation Battery Replacement – 10 Year Funded by LP&L Rev Bonds: $120,000 Purchase eight (8) sets of batteries used in substations to provide 24 Volt (V), 48V, or 125V direct current (DC) power. All critical components inside substations such as circuit breakers, relays, control circuits, and SCADA units rely on DC power for operation. The DC system inside any substation is the most critical system. It is used to power relays that detect faults and by circuit breakers to trip/operate to clear faults.
Substation RTU Replacement – 10 Year Funded by LP&L Rev Bonds: $150,000 Purchase and install new remote terminal units (RTUs) in 5 existing substations. Supervisory Control and Data Acquisition (SCADA) is a term used to describe the process of two devices communicating to gather data. There is a local master unit that is set up at a central location or distribution control center. There is also a RTU that is placed in the field (substation). The RTU allows the operators at the control center to remotely control equipment (breakers, reclosers, tap changers) and meter the power flow (Amps, Watts, VARS, Volts) through the substation.
Massengale Station – Medium Term – 10 Year Funded by LP&L Rev Bonds: $1,000,000 Medium-Term upgrades, refurbishments, and replacements at Massengale Station. Projects include automatic generator control; steam overhaul; pump, motor, and compressor overhauls; hot section overhaul; and cooling tower refurbishment.
TOTAL 2016 REVENUE BONDS $8,155,750
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15
16
17
18
19
20
Project Name North Overton TIF Public Improvements Project Number 92254
Managing Department
Project Manager
Project Classification
Project Status
Project Scope
Business Development
Melissa Trevino
Infrastructure Improvements
Approved
Construction of public improvements in the right-of-way for the remaining undeveloped tracts. Also included in the project is the repair
or replacement of public improvements in the right of way for already developed areas, such as the relocation and replacement of
bollards on Glenna Goodacre Boulevard and any other replacement of the original construction that is needed.
Project JustificationThe project is part of the ongoing redevelopment in the North Overton TIF to replace 70-year old infrastructure.
Project History
$65,485 was appropriated in FY 2010-11 Budget Amendment No. 1, Ord. No. 2010-O0080, October 28, 2010.
$161,765 was appropriated in FY 2010-11, Budget Amendment No. 5, Ord. No. 2011-O0010, February 10, 2011.
$519,782 was appropriated in FY 2010-11, Budget Amendment No. 12, Ord. No. 2011-O0059, July 14, 2011.
$1.5 million was appropriated in FY 2015-16, Budget Amendment No. 9, Ord. NO. 2015-O0122, 12/17/2015.
Unappropriated Planning Years
Appropriation Detail
Appropriation to
Date
Total Project
AmountFY 2015-16 FY 2016-17 FY 2017-18 FY 2018-19 FY 2019-20 FY 2020-21
Construction 747,031 1,500,000 0 0 0 0 0 2,247,031
Total Project Appropriation 747,031 1,500,000 0 0 0 0 0 2,247,031
Unappropriated Planning Years
Funding to
Date
Total
FundingFunding DetailFY 2015-16 FY 2016-17 FY 2017-18 FY 2018-19 FY 2019-20 FY 2020-21
FY 2007 TIF Revenue CO's 29,175 0 0 0 0 0 0 29,175
FY 2008 TIF Revenue CO's 676,105 0 0 0 0 0 0 676,105
FY 2009 TIF Revenue CO's 41,731 0 0 0 0 0 0 41,731
FY 2010 TIF Revenue CO's 20 0 0 0 0 0 0 20
FY 2016 10-Year TIF Revenue
CO's
0 1,500,000 0 0 0 0 0 1,500,000
Total Funding Sources 747,031 1,500,000 0 0 0 0 0 2,247,031
21
22
23
24
Project Name Street Maintenance Program Project Number 92248
Managing Department
Project Manager
Project Classification
Project Status
Project Scope
Paved Streets
Kevin Lair
Infrastructure Improvements
Approved
Micro-surfacing, asphalt rejuvenation, asphalt milling, asphalt milling and overlay, full or partial depth pavement repair, total
reconstruction, patching, crack sealing, concrete joint sealing, and brick street repair.
Project Justification
The project is a preventive maintenance program to help preserve and maintain our street infrastructure. The maintenance program is an
essential tool to help extend the useful life of the pavement. Used early in a pavement's life, preventative maintenance corrects small
problems before they become big problems, saves money, and improves safety and rideability. At some point, all roads require total
rehabilitation as they near the end of their useful life. Total rehabilitation is completed when funding is available.
Project History
This project replaced CIP 92125 that funded street maintenance through FY 2009-10.
$9,201,970 was appropriated in the FY 2010-11 Budget, Ord. No. 2010-O0070, September 16, 2010.
$9,339,999 was appropriated in the FY 2011-12 Budget, Ord. No. 2011-O0080, September 8, 2011.
$9,480,099 was appropriated in FY 2012-13 Budget, Ord. No. 2012-O0100, September 13, 2012. (General Fund Debt)
$9,622,300 was appropriated in the FY 2013-14 Budget, Ord. No. 2013-O0087, September 10, 2013. (General Fund Debt)
$6,766,635 was appropriated in the FY 2014-15 Budget, Ord. No. 2014-O0122, September 11, 2014.
$9,913,135 was appropriated in the FY 2015-16 Budget, Ord. No. 2015-O0094, September 10, 2015.
Unappropriated Planning Years
Appropriation Detail
Appropriation to
Date
Total Project
AmountFY 2016-17 FY 2017-18 FY 2018-19 FY 2019-20 FY 2020-21 FY 2021-22
Construction 54,324,138 10,061,832 10,212,759 10,365,950 10,521,439 10,679,261 0 106,165,379
Total Project Appropriation 54,324,138 10,061,832 10,212,759 10,365,950 10,521,439 10,679,261 0 106,165,379
25
Project Name Street Maintenance Program Project Number 92248
Unappropriated Planning Years
Funding to
Date
Total
FundingFunding DetailFY 2016-17 FY 2017-18 FY 2018-19 FY 2019-20 FY 2020-21 FY 2021-22
FY 2008 Tax Supported Revenue
CO's
75,959 0 0 0 0 0 0 75,959
FY 2011 10-Year Certificates of
Obligation
9,201,970 0 0 0 0 0 0 9,201,970
FY 2011 Tax Supported Revenue
CO's
79,425 0 0 0 0 0 0 79,425
FY 2012 10-Year Certificates of
Obligation
9,339,999 0 0 0 0 0 0 9,339,999
FY 2012 Tax Supported Revenue
CO's
20,643 0 0 0 0 0 0 20,643
FY 2013 10-Year Tax Revenue
CO's
9,304,072 0 0 0 0 0 0 9,304,072
FY 2014 10-Year Tax Revenue
CO's
9,622,300 0 0 0 0 0 0 9,622,300
FY 2015 10-Year Tax Revenue
CO's
6,324,815 0 0 0 0 0 0 6,324,815
FY 2015 General Fund
Pay-As-You-Go
441,820 0 0 0 0 0 0 441,820
FY 2016 10-Year Tax Revenue
CO's
3,071,837 0 0 0 0 0 0 3,071,837
FY 2016 General Fund
Pay-As-You-Go
6,841,298 0 0 0 0 0 0 6,841,298
FY 2017 10-Year Tax Revenue
CO's
0 10,061,832 0 0 0 0 0 10,061,832
FY 2018 10-Year Tax Revenue
CO's
0 0 10,212,759 0 0 0 0 10,212,759
FY 2019 10-Year Tax Revenue
CO's
0 0 0 10,365,950 0 0 0 10,365,950
FY 2020 10-Year Tax Revenue
CO's
0 0 0 0 10,521,439 0 0 10,521,439
FY 2021 10-Year Tax Revenue
CO's
0 0 0 0 0 10,679,261 0 10,679,261
Total Funding Sources 54,324,138 10,061,832 10,212,759 10,365,950 10,521,439 10,679,261 0 106,165,379
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Project Name Cell 5 Development 2252 Project Number 92390
Managing Department
Project Manager
Project Classification
Project Status
Project Scope
Solid Waste Disposal
Catrennia Williamson
New Facility
Approved
Excavation of soil from a 17.8 acre area for a fifth cell at the landfill. The cell will be 1,550 feet long, 500 feet wide and average 58 feet
in depth. Once excavation is complete, a geocomposite liner and leachate collection system will be installed and covered with two feet
of protective soil cover. Following Texas Commisssion on Environmental Quality (TCEQ) approval of the cell liner report, the cell will
be permitted to accept waste. The cell development will also include construction of litter fencing to control and manage windblown
litter, installation of a concrete pad at the fuel site, seeding of excavated soil stockpile and an installation of an additional leachate
evaporation pond.
Project Justification
The West Texas Region Disposal Facility, TCEQ permit 2252, has been approved by the TCEQ for a total of 30 cells. Cell 4 began
accepting waste in November 2011. Cells 1, 2, and 3 are already filled with waste to ground surface level. Usable space below ground
surface in cell 4 has been filled. The development of a new cell will take one year and six months. Therefore, the design and bid
development will begin in FY 2014-15. Construction of the cell will begin in FY 15-16.
Project History
$1,177,048 was appropriated in the FY 2014-15 Budget, Ord. No. 2014-O0122, September 11, 2014.
$5,202,152 was appropriated in the FY 2015-16 Budget, Ord. No. 2015-O0094, September 10, 2015.
Unappropriated Planning Years
Appropriation Detail
Appropriation to
Date
Total Project
AmountFY 2016-17 FY 2017-18 FY 2018-19 FY 2019-20 FY 2020-21 FY 2021-22
Construction 6,091,700 0 0 0 0 0 0 6,091,700
Design and Engineering 287,500 0 0 0 0 0 0 287,500
Total Project Appropriation 6,379,200 0 0 0 0 0 0 6,379,200
Unappropriated Planning Years
Funding to
Date
Total
FundingFunding DetailFY 2016-17 FY 2017-18 FY 2018-19 FY 2019-20 FY 2020-21 FY 2021-22
FY 2010 Solid Waste Revenue
CO's
151 0 0 0 0 0 0 151
FY 2011 Solid Waste Revenue
CO's
1,393,867 0 0 0 0 0 0 1,393,867
FY 2016 10-Year Solid Waste
Revenue CO's
4,985,182 0 0 0 0 0 0 4,985,182
Total Funding Sources 6,379,200 0 0 0 0 0 0 6,379,200
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Project Name Sewer Line Replacement Project Number 91038
Managing Department
Project Manager
Project Classification
Project Status
Project Scope
Wastewater Collection
Mary Gonzales
Upgrade/Major Maintenance
Approved
Replacement of deteriorated or damaged sanitary sewer lines and manholes.
Project JustificationReplacing aging infrastructure reduces emergency maintenance expenditures, system failures, and customer complaints.
Project History
The project is an annual replacement program that ensures continuous and reliable sewer service.
$119,331 was used to purchase a replacement CCTV system to identify line replacement projects.
$600,000 was appropriated in FY 2004-05, Ord. No. 2005-00031, March 24, 2005.
$300,000 was appropriated in FY 2006-07 Budget in Ord. No. 2006-00098, September 13, 2006.
$320,000 was appropriated in the FY 2007-08 budget in Ord. No. 2007-00091, September 13, 2007.
$340,000 was appropriated in FY 2008-09 Budget, Ord. No. 2008-O0077, September 11, 2008.
Reduced funding by $700,000 in the FY 2009-10 Budget, Ord. No. 2009-O0073, August 27, 2009.
$150,000 was appropriated in the FY 2010-11 Budget, Ord. No. 2010-O0070, September 16, 2010.
$250,000 was appropriated in the FY 2011-12 Budget, Ord. No. 2011-O0080, September 8, 2011.
$380,000 was appropriated in the FY 2012-13 Budget, Ord. No. 2012-O0100, September 13, 2012.
$390,000 was appropriated in the FY 2013-14 Budget, Ord. No. 2013-O0087, September 10, 2013.
$400,000 was appropriated in the FY 2014-15 Budget, Ord. No. 2014-O0122, September 11, 2014.
Reduced funding by $400,000 in FY 2014-15 Budget Amendment No. 11, Ord. No. 2015-O0015, 2/26/15.
$400,000 was appropriated in the FY 2015-16 Budget, Ord. No. 2015-O0094, September 10, 2015.
Unappropriated Planning Years
Appropriation Detail
Appropriation to
Date
Total Project
AmountFY 2016-17 FY 2017-18 FY 2018-19 FY 2019-20 FY 2020-21 FY 2021-22
Construction 2,430,000 400,000 400,000 400,000 400,000 400,000 0 4,430,000
Total Project Appropriation 2,430,000 400,000 400,000 400,000 400,000 400,000 0 4,430,000
32
Project Name Sewer Line Replacement Project Number 91038
Unappropriated Planning Years
Funding to
Date
Total
FundingFunding DetailFY 2016-17 FY 2017-18 FY 2018-19 FY 2019-20 FY 2020-21 FY 2021-22
2005 Wastewater Revenue CO's 267,417 0 0 0 0 0 0 267,417
FY 2008 Wastewater Revenue
CO's
260,000 0 0 0 0 0 0 260,000
FY 2010 Wastewater Revenue
CO's
332,583 0 0 0 0 0 0 332,583
FY 2011 Wastewater Revenue
CO's
345,609 0 0 0 0 0 0 345,609
FY 2012 Wastewater Revenue
CO's
250,000 0 0 0 0 0 0 250,000
FY 2013 Wastewater Revenue
CO's
380,000 0 0 0 0 0 0 380,000
FY 2014 Wastewater Revenue
CO's
390,000 0 0 0 0 0 0 390,000
FY 2016 Wastewater Revenue
CO's
204,391 0 0 0 0 0 0 204,391
FY 2017 Wastewater Revenue
CO's
0 400,000 0 0 0 0 0 400,000
FY 2018 Wastewater Revenue
CO's
0 0 400,000 0 0 0 0 400,000
FY 2019 Wastewater Revenue
CO's
0 0 0 400,000 0 0 0 400,000
FY 2020 Wastewater Revenue
CO's
0 0 0 0 400,000 0 0 400,000
FY 2021 Wastewater Revenue
CO's
0 0 0 0 0 400,000 0 400,000
Total Funding Sources 2,430,000 400,000 400,000 400,000 400,000 400,000 0 4,430,000
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35
36
37
38
39
40
41
42
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Project Name BCWF Supply Line/Pumping System Project Number 92255
Managing Department
Project Manager
Project Classification
Project Status
Project Scope
Pumping & Control
John Turpin
Replacement Infrastructure
Approved
The following work will be performed with this project as supported by a recent engineering evaluation of the Low Head B pump
station, pump station No. 9, pump station No. 7 and the Bailey County Well Field (BCWF) supply line.
1. Add a new branch to the BCWF supply line to relocate the main system connection directly to pump station No. 7 and by-pass the
aged Low Head B pump station.
2. Demolish the Low Head B pump station.
3. Rehabilitate or Relocate and replace pump station No. 7
4. Rehabilitate pump station No. 9
Project Justification
Replacing aging infrastructure insures reliable continuous water service to Lubbock citizens and reduces annual maintenance costs,
system failures, and utility expenses.
Project History
$1.0 million was appropriated in FY 2010-11 Budget Amendment No. 7, Ord. No. 2011-O0035, April 14, 2011.
$9.5 million was appropriated in the FY 2011-12 Budget, Ord. No. 2011-O0080, September 8, 2011.
$16.0 was appropriated in the FY 2013-14 Budget, Ord. No. 2013-O0087, September 10, 2013.
$13.0 million was appropriated in the FY 2015-16 Budget, Ord. No. 2015-O0094, September 10, 2015.
$2.5 million was appropriated in FY 2015-16 Budget Amendment No. 8, Ord. No. 2015-O0120, December 3, 2015.
Unappropriated Planning Years
Appropriation Detail
Appropriation to
Date
Total Project
AmountFY 2016-17 FY 2017-18 FY 2018-19 FY 2019-20 FY 2020-21 FY 2021-22
Construction 42,000,000 500,000 750,000 0 0 0 0 43,250,000
Total Project Appropriation 42,000,000 500,000 750,000 0 0 0 0 43,250,000
45
Project Name BCWF Supply Line/Pumping System Project Number 92255
Unappropriated Planning Years
Funding to
Date
Total
FundingFunding DetailFY 2016-17 FY 2017-18 FY 2018-19 FY 2019-20 FY 2020-21 FY 2021-22
FY 2008 Water Revenue CO's 923,845 0 0 0 0 0 0 923,845
FY 2009 Water Revenue CO's 668,985 0 0 0 0 0 0 668,985
FY 2010 Water Revenue CO's 17,787,293 0 0 0 0 0 0 17,787,293
FY 2011 10-year Water Revenue
CO's
1,000,000 0 0 0 0 0 0 1,000,000
FY 2011 Water Revenue CO's 1,075,807 0 0 0 0 0 0 1,075,807
FY 2012 Water Revenue CO's 11,076,155 0 0 0 0 0 0 11,076,155
FY 2016 Water Revenue CO's 9,467,915 0 0 0 0 0 0 9,467,915
FY 2017 Water Revenue CO's 0 500,000 0 0 0 0 0 500,000
FY 2018 Water Revenue CO's 0 0 750,000 0 0 0 0 750,000
Total Funding Sources 42,000,000 500,000 750,000 0 0 0 0 43,250,000
46
City of Lubbock, Tx Finance Department
Rating Agencies Presentation December/ 4th Quarter/ Annual 2015
February 10, 2016
The Lubbock economy was a growth economy in 2016, with the Lubbock Economic Index finishing the year at 147.7, an increase of 3.0% compared to the year-end (December) 2014 LEI of 143.3. The December increase marks the tenth straight month of improvement in the Lubbock Economic Index, and extends the general pattern of expansion in the Lubbock economy to 52 months. The index increased at an annualized rate of 2.3% in the fourth quarter of 2015.
The monthly improvement in December was slight – only 2/10 of a point – compared to the November index of 145.5. Record building permit activity in December (and in fact in the fourth quarter and for the year as a whole) pushed the index upward for the month, along with year-over-year increases in new housing permits for the month, quarter, and year. Home sales activity in 2015 was also the highest on record, as were the December totals. General spending and auto spending were down for the month and quarter; however, employment growth remained steady in the 2% year-over-year range.
CONCURRENT trends in two broad measures of the Lubbock economy best represent its current and ongoing health and status, and these are general consumer spending (retail sales) and payroll employment.
- General real (inflation-adjusted) taxable spending per December sales tax receipts in Lubbock was down by over 8% compared to December of a year ago; however, the December 2014 taxable spending total was up by nearly 14% compared to December of the previous year. Fourth quarter general spending was down as well, posting a 2.5% decline relative to the fourth quarter of 2014. For the year as a whole, real spending was up by a very modest 1.5% compared to the annual total for 2014.
- The rate of year-over-year job growth in Lubbock was very consistent throughout 2015, averaging 2% through the first half of the year, and averaging 2.1% for the entire year. And at year-end, the December monthly employment estimate of 142,000 payroll jobs in Lubbock was up by 2.2% compared to December of 2014, an increase of 3,000 over the year. That is very much in line with historical rates of employment growth in Lubbock, and in fact is slightly higher than the post-recession (2009-2010) average employment growth rate of about 1.8%.
- The unemployment rate continued its steady decline throughout most of 2015, but leveled off at year-end and the December unemployment rate of 3.1% was slightly higher than the December 2014 unemployment rate of 3.0%. That’s good enough for the third-lowest metro area unemployment rate in the state, behind only Amarillo and Austin-Round Rock. The annual average unemployment rate of 3.4% is the lowest since the 3.0% annual average in 1999.
After five years of extraordinary growth in automobile sales in Lubbock, vehicle sales activity slowed in 2015 with inflation-adjusted spending on new and used autos down by 2.5% compared to the 2014 annual total, which in turn was up by over 13% compared to the prior year. December real auto spending was down sharply, falling by 12.5% compared to December 2014, and the fourth quarter total was down by less
47
than a percent compared to the fourth quarter of 2014, which in turn was up by over 8% compared to the fourth quarter of the previous year. Real auto sales activity in 2015 was the second-highest on record on the heels of the record total from 2014.
The $664 million in building permits issued in 2015 is easily a record, and outpaced the 2014 permit valuation total (the previous record) by over 30%. The fourth quarter total building permit valuation was also a nominal (unadjusted for inflation) record, and was up by over 48% compared to the fourth quarter 2014. The December monthly total was not a record for the month of December, but it did surpass permit valuations in 2014 by over 80%.
The home building numbers were also improved in 2015 with the number of new single-family residence construction permits up by about 9% for the year compared to a bit of a down year in 2014. The fourth quarter permit total was up by over 12% compared to the fourth quarter of a year ago, which in turn was down by 23% compared to the fourth quarter 2013. The 50 permits issued in December is the highest December monthly total since 2009, and outpaced the December 2014 new housing permit total by 56%.
The Lubbock residential real estate market set new records in 2015 in all respects – the number of sales, the average price of those sales, and the inflation-adjusted total dollar volume of residential housing activity. The 3,984 closed sales for the year is the highest on record, and was over 5% improved compared to the 2014 annual sales total. The fourth quarter total was actually lower compared to 2014, but sales in December set a new December record, and outpaced December 2014 by over 10%. The 2015 average sale price of those homes was up by a solid 3.5% compared to 2014, which in turn was up by about 5% compared to the previous year. The December and fourth quarter sale price averages were up sharply, posting year-over-year increases of 5.8% and 6.5%, respectively.
With sales and prices at record levels, it certainly stands to reason that the total dollar volume of sales activity (adjusted for inflation) is also the highest on record and indeed that is the case with the 2015 total surpassing 2014 by 6.5%. The fourth quarter total was down a bit compared to the fourth quarter of 2014, again because the number of sales was lower. The December monthly total established a new December record, however, and was up by over 14% compared to December 2014.
The performance of the Lubbock economy was impressive in 2015 with new records established in the levels of spending, employment, construction, housing, and the Lubbock Economic Index itself. The economy has now improved for over four straight years after finally bottoming out in 2011 on the heels of the recession year in 2009.
The Texas Workforce Commission will revise Lubbock metro area employment data for 2015 (and perhaps 2014) in early March, and set new benchmarks for monthly employment estimates in 2016. When that process is complete we will consider the prospects for continued economic growth in the balance of the coming year.
Lubbock Consumer Price Index
Falling energy prices continue to keep overall price growth rates in check through year-end 2015, with the Lubbock Consumer Price Index rising at a 1.4% year-over-year growth rate, compared to 1.5% in November. In December of a year ago, the rate of year-over-year increase in the Lubbock CPI was 2.4%.
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The rate of price increase in the food and grocery sector of the Lubbock Consumer Price Index declined steadily all year and finished the year at 2.1% for December down from 2.3% in November, and 3.2% in December of a year ago.
The housing sector of the Lubbock CPI is one of only two broad components of the consumer price index calculation in which the rate of year-over-year change did not decline in 2015. The housing portion of the Lubbock Consumer Price Index increased at a rate of 3.8% in December, compared to 3.7% in November and 3.7% in December 2014.
The rate of price increase in the energy/utilities sector remains sharply on the decline, falling yet again to -3.0% in December compared to -2.1% in November. The national “fuels & utilities” CPI is down by 3.3% year-over-year in December, compared to -2.2% in November.
The health care sector of the Lubbock CPI increased by a rate of 2.8% in December, up from a 2.6% pace of year-over-year increase in November. The rate of increase in the US national health care CPI declined again in December to 2.6%, compared to 2.9% in November.
The rate of year-over-year price increase for various miscellaneous goods and services was unchanged from November to December at 1.1%.
The national CPI-U (the US Consumer Price Index, a broad measure of price change over time) increased at a rate of .7% in December. The “core CPI”, the Consumer Price Index minus food and energy, posted a 2.1% rate of year-over-year increase in December.
The CPI for the southern region of the US (which includes Texas), increased at a .5% rate in December compared to December 2014, up from .3% in November.
The Dallas-Fort Worth metro area CPI was last updated in November and climbed up to 0.0, compared to -.9% in September. The Houston metro area CPI was newly updated in December and climbed out of the cellar into positive territory at a .4% rate of year-over-year increase, compared to -.1 in October. The Dallas-Fort Worth and Houston metro area CPI values are calculated every other month on off months from one another.
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2006 2007 2008 2009 2010 2011 2012 2013 2014 2015Economic Index 130.4 131.0 132.8 124.9 124.1 123.3 131.5 139.5 143.3 147.7
% Annual Growth 3.2% 0.5% 0.9% -5.9% -0.6% -0.6% 6.7% 6.1% 2.7% 3.0%
The Lubbock Economic Index at year-end was 147.7, a 3.0% increase from the year-end 2014 index.
Source: Ingham Economic Reporting
City of Lubbock, TX
Rating Agencies PresentationLubbock Economic Index Trends
Finance Department
100.0
110.0
120.0
130.0
140.0
150.0
160.0
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Economic IndexDecember 2006 to December 2015
-8.0%
-6.0%
-4.0%
-2.0%
0.0%
2.0%
4.0%
6.0%
8.0%
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
3.2%
0.5% 0.9%
-5.9%
-0.6% -0.6%
6.7% 6.1%
2.7% 3.0%
Percent of Annual Economic Growth
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City of Lubbock, TXFinance Department
Rating Agencies PresentationUnemployment / Wage Salary Employment
Lubbock MSA Texas U.S. Lubbock MSA Annual %% Annual Avg. % Annual Avg. % Annual Avg. Wage/Salary Change in
Year Unemployment Unemployment Unemployment Employment** Wage/Salary
2009 5.4 7.6 9.3 139,439 3.02010 6.3 8.1 9.6 139,954 0.42011 6.1 7.8 8.9 142,599 1.92012 5.4 6.7 8.1 143,425 0.62013 4.9 6.2 7.4 146,093 1.92014 3.9 5.1 6.2 148,315 1.5
2015* 3.4 4.4 5.3 148,129 -0.1
* 2015 figures are preliminary.** Average Annual Lubbock MSA Wage/Salary EmploymentSource: Texas Workforce Commission
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
10.0
2009 2010 2011 2012 2013 2014 2015*
Annual Average Unemployment Rate
Lubbock MSA U.S. Texas
-0.50.00.51.01.52.02.53.03.5
2009 2010 2011 2012 2013 2014 2015*
% Change in Wage and Salary Employment
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City of Lubbock, TXFinance Department
Rating Agencies PresentationTotal Payroll Trends
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014Total Payroll (Millions) 3,598$ 3,888 4,017 4,204 4,228 4,433 4,553 4,788 4,995 5,263
Source: Texas Workforce Commission, "Covered Employment and Wages" Lubbock County
Company Name Type of Business Employment
Texas Tech University University 5,453 Covenant Health System General Medical and Surgical Hospital 4,393 United Supermarkets Supermarkets 3,803 Texas Tech University Health Sciences Center Health Sciences Center (University) 3,703 Lubbock Independent School District Elementary and Secondary Schools 3,532 University Medical Center General Medical and Surgical Hospital 3,208 City of Lubbock City Government 2,245 Lubbock County County Government 1,278 Frenship ISD Independent School District 1,060 Lubbock State Supported Living Center Residential and Mental Care 766
Top 10 EmployersCity of Lubbock
$3,000
$3,500
$4,000
$4,500
$5,000
$5,500
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Mill
ions
Total Payroll
Total Payroll (Millions)
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ive
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014-
15
10-Y
ear A
vg
Perc
enta
ge o
f To
tal b
y M
onth
Orig
inal
Bud
get
Incr
ease
/
(D
ecre
ase)
Act
ual t
o O
rigin
al
Budg
etA
ctua
l Var
ianc
e to
O
rigin
al B
udge
t
Incr
ease
/
(Dec
reas
e)
20
14 to
201
3A
ctua
l Var
ianc
e to
Pr
ior Y
ear
Tot
al M
onth
ly R
ecei
pts
Oct
ober
Dec
embe
r3,
582,
754
$
4,02
1,04
0
3,78
0,70
8
3,78
7,41
8
4,11
8,03
7
4,88
9,80
3
4,81
4,74
6
5,56
0,03
7
5,56
0,03
7
7.30
%4,
812,
711
15
.53%
747,
326
15
.48%
745,
291
N
ovem
ber
Janu
ary
3,66
9,71
8
3,78
1,25
1
3,78
7,07
4
3,98
2,92
3
4,23
8,32
4
4,59
4,44
5
4,65
6,32
4
4,99
7,26
5
10,5
57,3
01
7.37
%4,
863,
434
2.
75%
133,
830
7.
32%
340,
941
D
ecem
ber
Febr
uary
5,49
0,19
3
5,77
2,70
5
5,60
2,64
8
5,99
1,28
5
6,09
7,39
0
6,74
2,68
1
7,08
3,36
5
7,45
9,82
1
18,0
17,1
22
11.0
0%7,
257,
431
2.
79%
202,
390
5.
31%
376,
457
Ja
nuar
yM
arch
3,63
2,05
0
3,63
3,69
6
3,57
5,65
8
3,87
7,56
5
4,04
2,02
9
4,43
7,43
7
4,61
0,49
3
4,76
7,91
9
22,7
85,0
41
7.24
%4,
772,
998
-0
.11%
(5,0
79)
3.
41%
157,
426
Fe
brua
ryA
pril
3,48
8,99
3
3,79
2,68
2
3,59
8,97
9
3,72
4,40
4
4,15
4,66
0
4,52
9,39
9
4,65
1,29
1
4,84
1,19
3
27,6
26,2
35
7.13
%4,
702,
233
2.
96%
138,
960
4.
08%
189,
902
M
arch
May
4,88
7,13
3
4,85
5,31
8
5,19
0,16
7
5,38
8,56
6
5,59
1,58
4
5,87
6,67
0
6,13
9,79
4
6,68
2,33
3
34,3
08,5
67
9.79
%6,
459,
916
3.
44%
222,
416
8.
84%
542,
539
A
pril
June
3,71
3,10
3
3,66
9,27
0
3,76
0,85
4
3,89
1,23
5
4,14
6,68
1
4,59
4,10
1
4,95
4,36
6
5,19
9,57
4
39,5
08,1
41
7.35
%4,
846,
473
7.
29%
353,
101
4.
95%
245,
208
M
ayJu
ly3,
947,
159
3,
737,
916
3,
834,
410
3,
992,
453
4,
535,
916
4,
693,
889
4,
906,
089
4,
830,
798
44
,338
,939
7.
53%
4,96
5,33
6
-2.7
1%(1
34,5
38)
-1
.53%
(75,
291)
Ju
neA
ugus
t4,
976,
284
4,
858,
604
5,
013,
565
5,
097,
106
5,
553,
549
5,
778,
082
6,
097,
979
6,
537,
235
50
,876
,174
9.
66%
6,37
2,94
7
2.58
%16
4,28
8
7.20
%43
9,25
6
July
Sept
embe
r4,
056,
088
3,
969,
230
3,
891,
265
4,
163,
452
4,
573,
004
4,
810,
929
5,
252,
890
5,
401,
251
56
,277
,425
7.
83%
5,16
6,49
1
4.54
%23
4,76
0
2.82
%14
8,36
1
Aug
ust
Oct
ober
4,16
3,92
4
4,01
5,76
1
4,22
1,76
1
4,63
0,08
0
4,80
2,12
8
5,31
6,83
6
5,33
5,50
1
5,26
9,18
9
61,5
46,6
14
8.30
%5,
475,
357
-3
.77%
(206
,168
)
-1.2
4%(6
6,31
2)
Sept
embe
rN
ovem
ber
4,94
1,46
6
4,59
7,82
9
4,75
1,29
5
5,14
6,27
8
5,45
0,49
1
5,98
5,86
6
6,14
8,10
0
6,49
0,72
6
68,0
37,3
40
9.49
%6,
262,
599
3.
64%
228,
127
5.
57%
342,
626
T
OT
AL
50,5
48,8
65$
50
,705
,301
51
,008
,384
53
,672
,766
57
,303
,792
62
,250
,139
64
,650
,937
68
,037
,340
10
0.00
%65
,957
,927
3.
15%
2,07
9,41
3
5.24
%3,
386,
403
Incr
ease
ove
r pr
ior
year
5.79
%0.
31%
0.60
%5.
22%
6.77
%8.
63%
3.86
%2.
02%
Gen
eral
Fun
d M
onth
ly R
ecei
pts
Oct
ober
Dec
embe
r3,
284,
191
$
3,68
5,95
4
3,46
5,64
9
3,47
1,80
3
3,77
4,86
7
4,48
2,32
0
4,41
3,51
7
5,09
6,70
0
5,09
6,70
0
7.30
%4,
411,
652
15
.53%
685,
049
15
.48%
683,
183
N
ovem
ber
Janu
ary
3,36
3,90
8
3,46
6,14
7
3,47
1,48
4
3,65
1,01
3
3,88
5,13
0
4,21
1,57
5
4,26
8,29
7
4,58
0,82
6
9,67
7,52
6
7.37
%4,
458,
148
2.
75%
122,
678
7.
32%
312,
529
D
ecem
ber
Febr
uary
5,03
2,67
7
5,29
1,64
6
5,13
5,76
1
5,49
2,01
1
5,58
9,27
4
6,18
0,79
1
6,49
3,08
4
6,83
8,16
9
16,5
15,6
96
11.0
0%6,
652,
645
2.
79%
185,
524
5.
31%
345,
085
Ja
nuar
yM
arch
3,32
9,37
9
3,33
0,88
8
3,27
7,68
6
3,55
4,43
5
3,70
5,19
4
4,06
7,65
0
4,22
6,28
5
4,37
0,59
2
20,8
86,2
88
7.24
%4,
375,
248
-0
.11%
(4,6
56)
3.
41%
144,
307
Fe
brua
ryA
pril
3,19
8,24
4
3,47
6,62
5
3,29
9,06
4
3,41
4,03
7
3,80
8,43
8
4,15
1,94
9
4,26
3,68
4
4,43
7,76
1
25,3
24,0
48
7.13
%4,
310,
380
2.
96%
127,
380
4.
08%
174,
077
M
arch
May
4,47
9,87
2
4,45
0,70
8
4,75
7,65
3
4,93
9,51
9
5,12
5,61
9
5,38
6,94
8
5,62
8,14
4
6,12
5,47
2
31,4
49,5
20
9.79
%5,
921,
590
3.
44%
203,
882
8.
84%
497,
327
A
pril
June
3,40
3,67
8
3,36
3,49
8
3,44
7,45
0
3,56
6,96
6
3,80
1,12
5
4,21
1,25
9
4,54
1,50
2
4,76
6,27
6
36,2
15,7
96
7.35
%4,
442,
600
7.
29%
323,
676
4.
95%
224,
774
M
ayJu
ly3,
618,
229
3,
426,
423
3,
514,
876
3,
659,
749
4,
157,
923
4,
302,
732
4,
497,
248
4,
428,
231
40
,644
,027
7.
53%
4,55
1,55
8
-2.7
1%(1
23,3
26)
-1
.53%
(69,
017)
Ju
neA
ugus
t4,
561,
593
4,
453,
720
4,
595,
768
4,
672,
347
5,
090,
754
5,
296,
575
5,
589,
814
5,
992,
466
46
,636
,493
9.
66%
5,84
1,86
8
2.58
%15
0,59
8
7.20
%40
2,65
2
July
Sept
embe
r3,
718,
080
3,
638,
461
3,
566,
993
3,
816,
497
4,
191,
921
4,
410,
018
4,
815,
149
4,
951,
147
51
,587
,640
7.
83%
4,73
5,95
0
4.54
%21
5,19
6
2.82
%13
5,99
8
Aug
ust
Oct
ober
3,81
6,93
1
3,68
1,11
4
3,86
9,94
8
4,24
4,24
0
4,40
1,95
0
4,87
3,76
6
4,89
0,87
6
4,83
0,09
0
56,4
17,7
30
8.30
%5,
019,
078
-3
.77%
(188
,987
)
-1.2
4%(6
0,78
6)
Sept
embe
rN
ovem
ber
4,52
9,67
7
4,21
4,67
7
4,35
5,35
4
4,71
7,42
2
4,99
6,28
3
5,48
7,04
4
5,63
5,75
9
5,94
9,83
2
62,3
67,5
62
9.49
%5,
740,
716
3.
64%
209,
116
5.
57%
314,
073
T
OT
AL
46,3
36,4
60$
46
,479
,860
46
,757
,685
49
,200
,039
52
,528
,476
57
,062
,627
59
,263
,359
62
,367
,562
10
0.00
%60
,461
,433
3.
15%
1,90
6,12
9
5.24
%3,
104,
203
LE
DA
Mon
thly
Rec
eipt
sO
ctob
erD
ecem
ber
298,
563
$
335,
087
31
5,05
9
315,
615
34
3,17
0
407,
484
40
1,22
9
463,
336
46
3,33
6
7.
30%
401,
059
15
.53%
62,2
77
15.4
8%62
,108
N
ovem
ber
Janu
ary
305,
810
31
5,10
4
315,
589
33
1,91
0
353,
194
38
2,87
0
388,
027
41
6,43
9
879,
775
7.37
%40
5,28
6
2.75
%11
,153
7.
32%
28,4
12
Dec
embe
rFe
brua
ry45
7,51
6
481,
059
46
6,88
7
499,
274
50
8,11
6
561,
890
59
0,28
0
621,
652
1,
501,
427
11
.00%
604,
786
2.
79%
16,8
66
5.31
%31
,371
Ja
nuar
yM
arch
302,
671
30
2,80
8
297,
971
32
3,13
0
336,
836
36
9,78
6
384,
208
39
7,32
7
1,89
8,75
3
7.24
%39
7,75
0
-0.1
1%(4
23)
3.
41%
13,1
19
Febr
uary
Apr
il29
0,74
9
316,
057
29
9,91
5
310,
367
34
6,22
2
377,
450
38
7,60
8
403,
433
2,
302,
186
7.
13%
391,
853
2.
96%
11,5
80
4.08
%15
,825
M
arch
May
407,
261
40
4,61
0
432,
514
44
9,04
7
465,
965
48
9,72
3
511,
649
55
6,86
1
2,85
9,04
7
9.79
%53
8,32
6
3.44
%18
,535
8.
84%
45,2
12
Apr
ilJu
ne30
9,42
5
305,
773
31
3,40
5
324,
270
34
5,55
7
382,
842
41
2,86
4
433,
298
3,
292,
345
7.
35%
403,
873
7.
29%
29,4
25
4.95
%20
,434
M
ayJu
ly32
8,93
0
311,
493
31
9,53
4
332,
704
37
7,99
3
391,
157
40
8,84
1
402,
566
3,
694,
912
7.
53%
413,
778
-2
.71%
(11,
212)
-1
.53%
(6,2
74)
Ju
neA
ugus
t41
4,69
0
404,
884
41
7,79
7
424,
759
46
2,79
6
481,
507
50
8,16
5
544,
770
4,
239,
681
9.
66%
531,
079
2.
58%
13,6
91
7.20
%36
,605
Ju
lySe
ptem
ber
338,
007
33
0,76
9
324,
272
34
6,95
4
381,
084
40
0,91
1
437,
741
45
0,10
4
4,68
9,78
5
7.83
%43
0,54
1
4.54
%19
,563
2.
82%
12,3
63
Aug
ust
Oct
ober
346,
994
33
4,64
7
351,
813
38
5,84
0
400,
177
44
3,07
0
444,
625
43
9,09
9
5,12
8,88
5
8.30
%45
6,28
0
-3.7
7%(1
7,18
1)
-1.2
4%(5
,526
)
Sept
embe
rN
ovem
ber
411,
789
38
3,15
2
395,
941
42
8,85
7
454,
208
49
8,82
2
512,
342
54
0,89
4
5,66
9,77
8
9.49
%52
1,88
3
3.64
%19
,011
5.
57%
28,5
52
TO
TA
L4,
212,
405
$
4,22
5,44
2
4,25
0,69
9
4,47
2,72
8
4,77
5,31
6
5,18
7,51
2
5,38
7,57
8
5,66
9,77
8
100.
00%
5,49
6,49
4
3.15
%17
3,28
4
5.24
%28
2,20
0
53
Mon
thSa
les T
axG
ener
ated
Mon
th C
ash
Rec
eive
dfro
m S
tate
A
ctua
lFY
200
8-09
A
ctua
lFY
200
9-10
A
ctua
lFY
201
0-11
A
ctua
lFY
201
1-12
A
ctua
lFY
201
2-13
A
ctua
lFY
201
3-14
A
ctua
lFY
201
4-15
A
ctua
lFY
201
5-16
C
umul
ativ
eFY
201
5-16
10-Y
ear A
vg
Perc
enta
ge o
f To
tal b
y M
onth
Orig
inal
Bud
get
Incr
ease
/
(D
ecre
ase)
Act
ual t
o O
rigin
al
Bud
get
Act
ual
Var
ianc
e to
O
rigin
al
Bud
get
In
crea
se/
(D
ecre
ase)
2015
to 2
014
Act
ual
Var
ianc
e to
Pr
ior Y
ear
Tot
al M
onth
ly R
ecei
pts
Oct
ober
Dec
embe
r4,
021,
040
3,78
0,70
8
3,
787,
418
4,11
8,03
7
4,
889,
803
4,81
4,74
6
5,
560,
037
5,24
6,66
1
5,
246,
661
7.43
%5,
148,
051
1.92
%98
,610
-5.6
4%(3
13,3
76)
N
ovem
ber
Janu
ary
3,78
1,25
1
3,
787,
074
3,98
2,92
3
4,
238,
324
4,59
4,44
5
4,
656,
324
4,99
7,26
5
5,
057,
322
10,3
03,9
84
7.40
%5,
124,
682
-1.3
1%(6
7,35
9)
1.
20%
60,0
58
D
ecem
ber
Febr
uary
5,77
2,70
5
5,
602,
648
5,99
1,28
5
6,
097,
390
6,74
2,68
1
7,
083,
365
7,45
9,82
1
7,
236,
117
17,5
40,1
01
10.9
9%7,
614,
521
-4.9
7%(3
78,4
04)
-3
.00%
(223
,704
)
Janu
ary
Mar
ch3,
633,
696
3,57
5,65
8
3,
877,
565
4,04
2,02
9
4,
437,
437
4,61
0,49
3
4,
767,
919
-
-
7.18
%4,
973,
730
n/a
n/a
n/a
n/a
Febr
uary
Apr
il3,
792,
682
3,59
8,97
9
3,
724,
404
4,15
4,66
0
4,
529,
399
4,65
1,29
1
4,
841,
193
-
-
7.15
%4,
955,
633
n/a
n/a
n/a
n/a
Mar
chM
ay4,
855,
318
5,19
0,16
7
5,
388,
566
5,59
1,58
4
5,
876,
670
6,13
9,79
4
6,
682,
333
-
-
9.81
%6,
794,
659
n/a
n/a
n/a
n/a
Apr
ilJu
ne3,
669,
270
3,76
0,85
4
3,
891,
235
4,14
6,68
1
4,
594,
101
4,95
4,36
6
5,
199,
574
-
-
7.36
%5,
102,
182
n/a
n/a
n/a
n/a
May
July
3,73
7,91
6
3,
834,
410
3,99
2,45
3
4,
535,
916
4,69
3,88
9
4,
906,
089
4,83
0,79
8
-
-
7.
51%
5,20
2,71
4
n/
an/
an/
an/
aJu
neA
ugus
t4,
858,
604
5,01
3,56
5
5,
097,
106
5,55
3,54
9
5,
778,
082
6,09
7,97
9
6,
537,
235
-
-
9.63
%6,
669,
718
n/a
n/a
n/a
n/a
July
Sept
embe
r3,
969,
230
3,89
1,26
5
4,
163,
452
4,57
3,00
4
4,
810,
929
5,25
2,89
0
5,
401,
251
-
-
7.84
%5,
434,
156
n/a
n/a
n/a
n/a
Aug
ust
Oct
ober
4,01
5,76
1
4,
221,
761
4,63
0,08
0
4,
802,
128
5,31
6,83
6
5,
335,
501
5,26
9,18
9
-
-
8.
25%
5,71
5,42
3
n/
an/
an/
an/
aSe
ptem
ber
Nov
embe
r4,
597,
829
4,75
1,29
5
5,
146,
278
5,45
0,49
1
5,
985,
866
6,14
8,10
0
6,
490,
726
-
-
9.46
%6,
554,
383
n/a
n/a
n/a
n/a
TO
TA
L50
,705
,301
51,0
08,3
84
53
,672
,766
57,3
03,7
92
62
,250
,139
64
,650
,937
68,0
37,3
40
17
,540
,101
10
0.00
%69
,289
,852
-1.9
4%(3
47,1
53)
-2
.65%
(477
,022
)
Incr
ease
ove
r pr
ior
year
0.31
%0.
60%
5.22
%6.
77%
8.63
%3.
86%
5.24
%1.
84%
Gen
eral
Fun
d M
onth
ly R
ecei
pts
Oct
ober
Dec
embe
r3,
685,
954
3,46
5,64
9
3,
471,
803
3,77
4,86
7
4,
482,
320
4,41
3,51
7
5,
096,
700
4,80
9,43
9
4,
809,
439
7.43
%4,
719,
047
1.92
%90
,392
-5.6
4%(2
87,2
61)
N
ovem
ber
Janu
ary
3,46
6,14
7
3,
471,
484
3,65
1,01
3
3,
885,
130
4,21
1,57
5
4,
268,
297
4,58
0,82
6
4,
635,
879
9,44
5,31
8
7.
40%
4,69
7,62
5
-1
.31%
(61,
746)
1.19
%55
,053
Dec
embe
rFe
brua
ry5,
291,
646
5,13
5,76
1
5,
492,
011
5,58
9,27
4
6,
180,
791
6,49
3,08
4
6,
838,
169
6,63
3,10
7
16
,078
,426
10
.99%
6,97
9,97
8
-4
.97%
(346
,870
)
-3.0
9%(2
05,0
62)
Ja
nuar
yM
arch
3,33
0,88
8
3,
277,
686
3,55
4,43
5
3,
705,
194
4,06
7,65
0
4,
226,
285
4,37
0,59
2
-
-
7.
18%
4,55
9,25
2
n/
an/
an/
an/
aFe
brua
ryA
pril
3,47
6,62
5
3,
299,
064
3,41
4,03
7
3,
808,
438
4,15
1,94
9
4,
263,
684
4,43
7,76
1
-
-
7.
15%
4,54
2,66
4
n/
an/
an/
an/
aM
arch
May
4,45
0,70
8
4,
757,
653
4,93
9,51
9
5,
125,
619
5,38
6,94
8
5,
628,
144
6,12
5,47
2
-
-
9.
81%
6,22
8,43
8
n/
an/
an/
an/
aA
pril
June
3,36
3,49
8
3,
447,
450
3,56
6,96
6
3,
801,
125
4,21
1,25
9
4,
541,
502
4,76
6,27
6
-
-
7.
36%
4,67
7,00
1
n/
an/
an/
an/
aM
ayJu
ly3,
426,
423
3,51
4,87
6
3,
659,
749
4,15
7,92
3
4,
302,
732
4,49
7,24
8
4,
428,
231
-
-
7.51
%4,
769,
154
n/a
n/a
n/a
n/a
June
Aug
ust
4,45
3,72
0
4,
595,
768
4,67
2,34
7
5,
090,
754
5,29
6,57
5
5,
589,
814
5,99
2,46
6
-
-
9.
63%
6,11
3,90
8
n/
an/
an/
an/
aJu
lySe
ptem
ber
3,63
8,46
1
3,
566,
993
3,81
6,49
7
4,
191,
921
4,41
0,01
8
4,
815,
149
4,95
1,14
7
-
-
7.
84%
4,98
1,31
0
n/
an/
an/
an/
aA
ugus
tO
ctob
er3,
681,
114
3,86
9,94
8
4,
244,
240
4,40
1,95
0
4,
873,
766
4,89
0,87
6
4,
830,
090
-
-
8.25
%5,
239,
138
n/a
n/a
n/a
n/a
Sept
embe
rN
ovem
ber
4,21
4,67
7
4,
355,
354
4,71
7,42
2
4,
996,
283
5,48
7,04
4
5,
635,
759
5,94
9,83
2
-
-
9.
46%
6,00
8,18
5
n/
an/
an/
an/
aT
OT
AL
46,4
79,8
60
46
,757
,685
49,2
00,0
39
52
,528
,476
57,0
62,6
27
59,2
63,3
59
62
,367
,562
16,0
78,4
26
100.
00%
63,5
15,6
98
-1
.94%
(318
,224
)
-2.6
5%(4
37,2
70)
LE
DA
Mon
thly
Rec
eipt
sO
ctob
erD
ecem
ber
335,
087
31
5,05
9
315,
615
34
3,17
0
407,
484
40
1,22
9
463,
336
43
7,22
2
437,
222
7.
43%
429,
004
1.
92%
8,21
8
-5.6
4%(2
6,11
5)
N
ovem
ber
Janu
ary
315,
104
31
5,58
9
331,
910
35
3,19
4
382,
870
38
8,02
7
416,
439
42
1,44
4
858,
665
7.
40%
427,
057
-1
.31%
(5,6
13)
1.20
%5,
005
D
ecem
ber
Febr
uary
481,
059
46
6,88
7
499,
274
50
8,11
6
561,
890
59
0,28
0
621,
652
60
3,01
0
1,46
1,67
5
10
.99%
634,
543
-4
.97%
(31,
534)
-3.0
0%(1
8,64
2)
Ja
nuar
yM
arch
302,
808
29
7,97
1
323,
130
33
6,83
6
369,
786
38
4,20
8
397,
327
-
-
7.
18%
414,
477
n/
an/
an/
an/
aFe
brua
ryA
pril
316,
057
29
9,91
5
310,
367
34
6,22
2
377,
450
38
7,60
8
403,
433
-
-
7.
15%
412,
969
n/
an/
an/
an/
aM
arch
May
404,
610
43
2,51
4
449,
047
46
5,96
5
489,
723
51
1,64
9
556,
861
-
-
9.
81%
566,
222
n/
an/
an/
an/
aA
pril
June
305,
773
31
3,40
5
324,
270
34
5,55
7
382,
842
41
2,86
4
433,
298
-
-
7.
36%
425,
182
n/
an/
an/
an/
aM
ayJu
ly31
1,49
3
319,
534
33
2,70
4
377,
993
39
1,15
7
408,
841
40
2,56
6
-
-
7.51
%43
3,55
9
n/a
n/a
n/a
n/a
June
Aug
ust
404,
884
41
7,79
7
424,
759
46
2,79
6
481,
507
50
8,16
5
544,
770
-
-
9.
63%
555,
810
n/
an/
an/
an/
aJu
lySe
ptem
ber
330,
769
32
4,27
2
346,
954
38
1,08
4
400,
911
43
7,74
1
450,
104
-
-
7.
84%
452,
846
n/
an/
an/
an/
aA
ugus
tO
ctob
er33
4,64
7
351,
813
38
5,84
0
400,
177
44
3,07
0
444,
625
43
9,09
9
-
-
8.25
%47
6,28
5
n/a
n/a
n/a
n/a
Sept
embe
rN
ovem
ber
383,
152
39
5,94
1
428,
857
45
4,20
8
498,
822
51
2,34
2
540,
894
-
-
9.
46%
546,
199
n/
an/
an/
an/
aT
OT
AL
4,22
5,44
2
4,
250,
699
4,47
2,72
8
4,
775,
316
5,18
7,51
2
5,
387,
578
5,66
9,77
8
1,
461,
675
100.
00%
5,77
4,15
4
-1
.94%
(28,
929)
-2.6
5%(3
9,75
2)
54
Cit
y of
Lu
bb
ock,
TX
Fin
ance
Dep
artm
ent
His
tori
c Sc
hed
ule
of S
ales
Tax
Rec
eip
tsR
atin
g A
gen
cies
Pre
sen
tati
onA
ccru
al B
asis
(B
ud
get
Bas
is)
Oct
ober
200
8 th
rou
gh D
ecem
ber
201
5
1.52
2.53
3.54
4.55
5.56
2001
-02
2002
-03
2003
-04
2004
-05
2005
-06
2006
-07
2007
-08
(millions)O
ctob
er-J
anua
ry S
ales
Tax
Rec
eipt
s
Oct
ober
Nov
embe
rD
ecem
ber
Janu
ary
1.52
2.53
3.54
4.55
5.5
2001
-02
2002
-03
2003
-04
2004
-05
2005
-06
2006
-07
2007
-08
(millions)
Febr
uary
-May
Sal
es T
ax R
ecei
pts
Febr
uary
Mar
chA
rpil
May
1.52
2.53
3.54
4.55
5.5
2001
-02
2002
-03
2003
-04
2004
-05
2005
-06
2006
-07
2007
-08
(millions)
June
-Sep
tem
ber
Sale
s Tax
Rec
eipt
s
June
July
Aug
ust
Sept
embe
r
0123456
Oct
ober
Nov
embe
rD
ecem
ber
Janu
ary
Febr
uary
Mar
chA
pril
May
June
July
Aug
ust
Sept
embe
r
(millions)
Mon
thly
Sal
es T
ax R
ecei
pts
Act
ual 2
004-
05A
ctua
l 200
5-06
Act
ual 2
006-
07A
ctua
l 200
7-08
3.64
1.5
2.5
3.5
4.5
5.5
7-Ye
ar S
ales
Tax
Tre
nd
1.5
2.5
3.5
4.5
5.5
6.5
7.5
2005
-062
006-
0720
08-0
9200
9-10
2010
-112
011-
1220
12-1
3201
3-14
2014
-15
(millions)O
ctob
er-J
anua
ry S
ales
Tax
Rec
eipt
s
Oct
ober
Nov
embe
rD
ecem
ber
Janu
ary
1.52
2.53
3.54
4.55
5.56
6.5
2005
-06
2006
-07
2007
-08
2009
-10
2010
-11
2011
-12
2012
-13
2013
-14
2014
-15
(millions)
Febr
uary
-May
Sal
es T
ax R
ecei
pts
Febr
uary
Mar
chA
pril
May
1.52
2.53
3.54
4.55
5.56
6.5
2005
-06
2006
-07
2007
-08
2008
-09
2009
-10
2010
-11
2011
-12
2012
-13
2013
-14
2014
-15
(millions)
June
-Sep
tem
ber
Sale
s Tax
Rec
eipt
s
June
July
Aug
ust
Sept
embe
r
012345678
Oct
ober
Nov
embe
rD
ecem
ber
Janu
ary
Febr
uary
Mar
chA
pril
May
June
July
Aug
ust
Sept
embe
r
(millions)
Mon
thly
Sal
es T
ax R
ecei
pts
Act
ual 2
007-
08A
ctua
l 200
8-09
Act
ual 2
009-
10A
ctua
l 201
0-11
Act
ual 2
011-
12A
ctua
l 201
2-13
Act
ual 2
013-
14A
ctua
l 201
4-15
Budg
et 2
014-
15
012345678
38687
38749
38808
38869
38930
38991
39052
39114
39173
39234
39295
39356
39417
39479
39539
39600
39661
39722
39783
39845
39904
39965
40026
40087
40148
40210
40269
40330
40391
40452
40513
40575
40634
40695
40756
40817
40878
40940
41000
41061
41122
41183
41244
41306
41365
41426
41487
41548
41609
41671
41730
41791
41852
41913
41974
(millions)
10-Y
ear S
ales
Tax
Tre
nd
2
2.53
3.54
4.55
5.56
6.57
7.5
2005
-06
2006
-07
2007
-08
2008
-09
2009
-10
2010
-11
2011
-12
2012
-13
2013
-14
2014
-15
(millions)O
ctob
er-J
anua
ry S
ales
Tax
Rec
eipt
s
Oct
ober
Nov
embe
rD
ecem
ber
Janu
ary
2
2.53
3.54
4.55
5.56
6.57
2005
-06
2006
-07
2007
-08
2008
-09
2009
-10
2010
-11
2011
-12
2012
-13
2013
-14
2014
-15
(millions)
Febr
uary
-May
Sal
es T
ax R
ecei
pts
Febr
uary
Mar
chA
pril
May
2
2.53
3.54
4.55
5.56
6.57
2005
-06
2006
-07
2007
-08
2008
-09
2009
-10
2010
-11
2011
-12
2012
-13
2013
-14
2014
-15
(millions)
June
-Sep
tem
ber
Sale
s Tax
Rec
eipt
s
June
July
Aug
ust
Sept
embe
r
012345678
Oct
ober
Nov
embe
rD
ecem
ber
Janu
ary
Febr
uary
Mar
chA
pril
May
June
July
Aug
ust
Sept
embe
r
(millions)
Mon
thly
Sal
es T
ax R
ecei
pts
Act
ual 2
007-
08A
ctua
l 200
8-09
Act
ual 2
009-
10A
ctua
l 201
0-11
Act
ual 2
011-
12A
ctua
l 201
2-13
Act
ual 2
013-
14A
ctua
l 201
4-15
Budg
et 2
014-
15
012345678
38961
39022
39083
39142
39203
39264
39326
39387
39448
39508
39569
39630
39692
39753
39814
39873
39934
39995
40057
40118
40179
40238
40299
40360
40422
40483
40544
40603
40664
40725
40787
40848
40909
40969
41030
41091
41153
41214
41275
41334
41395
41456
41518
41579
41640
41699
41760
41821
41883
41944
42005
42064
42125
42186
42248
(millions)
10-Y
ear S
ales
Tax
Tre
nd
2.5
0
3.0
0
3.5
0
4.0
0
4.5
0
5.0
0
5.5
0
6.0
0
6.5
0
7.0
0
7.5
0
8.0
0
2008
-09
2009
-10
2010
-11
2011
-12
2012
-13
2013
-14
2014
-15
2015
-16
(millions)O
ctob
er-J
anua
ry S
ales
Tax
Rec
eipt
s
Oct
ober
Nov
embe
rD
ecem
ber
Janu
ary
2.5
0
3.0
0
3.5
0
4.0
0
4.5
0
5.0
0
5.5
0
6.0
0
6.5
0
7.0
0
7.5
0
2008
-09
2009
-10
2010
-11
2011
-12
2012
-13
2013
-14
2014
-15
2015
-16
(millions)
Febr
uary
-May
Sal
es T
ax R
ecei
pts
Febr
uary
Mar
chA
pril
May
2.5
0
3.0
0
3.5
0
4.0
0
4.5
0
5.0
0
5.5
0
6.0
0
6.5
0
7.0
0
7.5
0
2008
-09
2009
-10
2010
-11
2011
-12
2012
-13
2013
-14
2014
-15
2015
-16
(millions)
June
-Sep
tem
ber
Sale
s Tax
Rec
eipt
s
June
July
Aug
ust
Sept
embe
r
- 1
.00
2.0
0 3
.00
4.0
0 5
.00
6.0
0 7
.00
8.0
0
Oct
ober
Nov
embe
rD
ecem
ber
Janu
ary
Febr
uary
Mar
chA
pril
May
June
July
Aug
ust
Sept
embe
r
(millions)
Mon
thly
Sal
es T
ax R
ecei
pts
Act
ual 2
008-
09A
ctua
l 200
9-10
Act
ual 2
010-
11A
ctua
l 201
1-12
Act
ual 2
012-
13A
ctua
l 201
3-14
Act
ual 2
014-
15A
ctua
l 201
5-16
Bud
get 2
015-
16
- 1
.00
2.0
0 3
.00
4.0
0 5
.00
6.0
0 7
.00
8.0
0
Dec-06
Feb-07
Apr-07
Jun-07
Aug-07
Oct-07
Dec-07
Feb-08
Apr-08
Jun-08
Aug-08
Oct-08
Dec-08
Feb-09
Apr-09
Jun-09
Aug-09
Oct-09
Dec-09
Feb-10
Apr-10
Jun-10
Aug-10
Oct-10
Dec-10
Feb-11
Apr-11
Jun-11
Aug-11
Oct-11
Dec-11
Feb-12
Apr-12
Jun-12
Aug-12
Oct-12
Dec-12
Feb-13
Apr-13
Jun-13
Aug-13
Oct-13
Dec-13
Feb-14
Apr-14
Jun-14
Aug-14
Oct-14
Dec-14
Feb-15
Apr-15
Jun-15
Aug-15
Oct-15
Dec-15
(millions)
10-Y
ear S
ales
Tax
Tre
nd
55
City of Lubbock, TXFinance Department
Rating Agencies PresentationRetail / Industry Sales
Per Actual Capita All Retail % Retail Industry %
Year Sales Change Sales Sales Change
2005 3,906,948,039$ 3.8 19,083 9,362,203,007 7.1 2006 4,123,723,462 5.5 19,990 10,180,477,899 8.7 2007 4,317,776,201 4.7 20,647 10,578,232,405 3.9 2008 4,439,494,000 2.8 21,022 11,445,496,429 8.2 2009 4,148,636,785 (6.6) 19,535 10,584,868,732 (7.5) 2010 4,364,545,135 5.2 20,315 11,026,947,643 4.2 2011 4,697,578,809 7.6 21,516 11,978,114,050 8.6 2012 5,132,085,498 9.2 21,965 12,987,825,227 8.4 2013 5,513,253,210 7.4 23,421 14,081,838,867 8.4 2014 5,970,552,681 8.3 25,012 14,755,035,734 4.8
Source: Texas Comptroller of Public Accounts - State Sales and Use Tax Analysis Report
$-
$1,000,000
$2,000,000
$3,000,000
$4,000,000
$5,000,000
$6,000,000
$7,000,000
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Thousands
Retail Sales
$-
$5
$10
$15
$20
$25
$30
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Thousands
Per Capita Retail Sales
$-
$2,000,000
$4,000,000
$6,000,000
$8,000,000
$10,000,000
$12,000,000
$14,000,000
$16,000,000
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Thousands
All Industry Sales
56
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015Lubbock MSA Bank Deposits (Millions) * 4,621 4,844 5,148 5,356 5,729 6,056 6,331 6,768 7,387 7,677
MLS Home Sales * 3,362 3,483 3,245 3,354 3,026 2,972 3,510 4,175 4,106 4,294
MLS Dollar Volume (Millions)* 419.3 445.7 433.8 450.4 418.9 422.1 519.6 636.1 671.1 718.4
*Bank deposits are based on the FDIC's fiscal year ending in June.*MLS Home Sales and Dollar Volume are based on December 2015 FiguresSources: FDIC & Lubbock Association of REALTORS
City of Lubbock, TXFinance Department
Rating Agencies PresentationBank Deposits, MLS Sales and Dollar Volume Trends
2,400
3,400
4,400
5,400
6,400
7,400
8,400
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Mill
ions
($)
Lubbock MSA Bank Deposits
-
1,000
2,000
3,000
4,000
5,000
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Num
ber o
f Hom
es
MLS Home Sales Trends
150.0
250.0
350.0
450.0
550.0
650.0
750.0
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Mill
ions
($)
MLS Home Sales Dollar Volume Trends
57
City of Lubbock, TX
Lubbock Economic Indicators
Economic Indicators Base Year One Year Ago This Year % ChangeDec-15 1996 2014 2015 2014-2015
Retail Sales - December ($000s - Per Sales Tax Rebates in 1995$) 160,739$ 243,186 223,404 (8.1)Retail Sales - Year-To-Date 2,002,762$ 2,870,636 2,912,519 1.5Dollars Spent on Auto Purchases - December ($000s in 1995$) 34,233$ 60,739 53,140 (12.5)Dollars Spent on Auto Purchases YTD 439,697$ 826,206 805,189 (2.5)Lodging Tax Receipts - YTD 2,071,843$ 6,407,951 6,577,004 2.6Airline Boardings - December 53,056 38,016 38,195 0.5Airline Boardings - YTD 615,023 465,737 462,798 (0.6)Value All Construction Permits - December 9,820,668$ 25,337,574 46,721,656 84.4Value All Construction Permits - YTD 162,924,623$ 508,342,758 663,963,278 30.6New Home Permits - December 51 32 50 56.3New Home Permits - YTD 571 815 887 8.8Number of Home Sales - December 152 281 310 10.3Number of Home Sales - YTD 2,111 3,801 3,984 4.8Average Home Sale Price - December 93,687$ 159,656 168,846 5.8Average Home Sale Price - YTD 85,771$ 162,645 168,261 3.5
Employment Wage and Salary Employment - Month 112,800 139,000 142,000 2.2Wage and Salary Employment - YTD Average 110,685 136,900 139,735 2.1Unemployment Rate - December 3.3% 3.0% 3.1% 3.3Unemployment Rate - YTD Avg 4.1% 3.9% 3.4% (12.8)
Oil and Gas (Regional)Oil Price/Barrel - December (WT Int. Crude) 23.37$ 55.52 33.77 (39.2)Rig Count - December * 19 31 14 (54.8)Oil Production - YTD * 148,220 104,783 105,663 0.8Value of Oil Production - YTD * 2,679,236$ 9,384,140 4,790,676 (48.9)
Agriculture (Regional)Cotton Price - December (cents/pound) + 69.83 58.78 59.64 1.5Fat Cattle Price - December ($/hd. Wt.) $66.27 $163.42 $124.98 (23.5)Value Cattle Marketed - YTD ($000's) ++ 308,460$ 415,755 365,864 (12.0)
INDEX - December (Base=100 January 1996) 102.5 143.3 147.7 3.0
* Texas Railroad Commission District 8A (Lubbock Area)+ Spot Price for 41,4,34; mxd lots, net wt, compressed, FOB Car/Truck"++" Texas South Plains
Producer Price Index Industry Data One Year Ago This Year % ChangeDec-15 2014 2015 2014-2015Rolled Steel Shape Manufacturing 194.1 165.5 14.7Cement Manufacturing 217.3 224.5 (3.3)
Consumer Price Index 12 Months 12 MonthsDec-15 Ending in 12/14 Ending in 12/15US 0.8 0.7Lubbock 2.4 1.7 Food/Groceries 3.2 2.3 Housing 3.7 3.8 Energy 1.0 -3.0 Health Care 2.8 2.8 Other Good and Services 1.2 1.1
Rating Agencies Presentation
Finance Department
December 2015
58
City of Lubbock, TXFinance Department
Rating Agencies PresentationDemographics
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Population (1) 211,187 212,365 214,847 218,327 229,573 232,035 233,651 235,398 238,706 241,322
Annual % Change in Population 1.0 0.6 1.2 1.6 5.2 1.1 0.7 0.7 1.4 1.1
Per Capita Income (2) 29,248$ 30,821 32,589 31,957 32,936 34,105 36,070 36,568 37,434 N/A
Annual % Change in Per Capita Income 1.9 5.4 5.7 (1.9) 3.1 3.5 5.8 1.4 2.4 N/A
Source: City of Lubbock - Planning Department(1) Census Bureau(2) Lubbock MSA Per Capita Income - Bureau of Economic Analysis
205,000 210,000 215,000 220,000 225,000 230,000 235,000 240,000 245,000
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Population
$15,000
$20,000
$25,000
$30,000
$35,000
$40,000
2006
2008
2009
2010
2011
2012
2013
2014
Per Capita Income
0
1
2
3
4
5
6
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Annual % Change in Population
-2
0
2
4
6
8
10
2006
2007
2008
2009
2010
2011
2012
2013
2014
Annual % Change in Per Capita Income
59
City of Lubbock, TXFinance Department
Rating Agencies PresentationDemographics
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Median Family Income (City)* 46,565 47,729 49,089 50,316 51,322 54,185 51,497 53,080 55,989 56,808
Inflation:Lubbock** -2.4% 3.6% 4.0% 2.5% 0.7% 3.2% 2.4% 2.3% 2.4% 1.4%
U.S.*** 2.5% 4.1% 0.1% 2.7% 1.5% 3.0% 1.7% 1.5% 0.8% 0.7%
Sources:* U.S. Census Bureau - American Community Survey 1-Year Estimates**Ingham Economic Reporting ***US Department of Labor Bureau of Labor Statistics
25,000
30,000
35,000
40,000
45,000
50,000
55,000
60,000
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Income
Median Family Income (City)*
-3.0%
-2.0%
-1.0%
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Inflation Rates
Lubbock** U.S.***
60
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015Permit TypeNew Residential 1,178 916 930 748 810 631 727 1,025 934 969New Commercial 186 187 89 82 60 55 63 70 93 126
New Commercial only includes Office/Bank/Professional and Stores/Mercantile
Source: City of Lubbock - Building Inspection Department
City of Lubbock, TX Finance Department
Rating Agencies Presentation Building Permit Trends
100
300
500
700
900
1,100
1,300
1,500
1,700
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
New Residential Permits
-
50
100
150
200
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
New Commercial Permits
61
City
of L
ubbo
ck, T
XFi
nanc
e D
epar
tmen
tR
atin
g A
genc
ies P
rese
ntat
ion
Bui
ldin
g Pe
rmits
- 10
Yea
r T
rend
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
NEW
RES
IDEN
TIA
L1-
Fam
ily R
esid
ence
1,12
3
88
0
887
72
7
740
50
4
652
92
2
816
88
7
2-Fa
mily
Res
iden
ce25
7 30
11 55
67 42
27 35
24 3
or m
ore
Res
iden
tial
30 29
13 10
15 60
33 76
83 58
T
otal
New
Res
iden
tial
1,17
8
91
6
930
74
8
810
63
1
727
1,
025
934
96
9
NEW
NO
N-R
ESID
ENTI
AL
Hot
els/
Mot
els*
- -
- 2
- 1
1 1
4 5
Am
usem
ent/R
ecre
atio
nal
14 14
7 5
9 10
7 9
5 9
Chu
rche
s/O
ther
Rel
igio
us3
6 1
2 -
3 2
- 4
3 In
dust
rial
2 10
5 2
- 4
1 -
- 3
Park
ing
Gar
ages
2 1
1 -
1 -
5 -
- 2
Serv
. Sta
tions
/Rep
. Gar
ages
2 3
1 1
1 3
2 3
7 4
Hos
pita
l/Ins
titut
iona
l3
5 2
- 3
- -
- 1
2 O
ffic
e/B
ank/
Prof
essi
onal
98 72
57 51
37 30
34 41
49 53
Publ
ic W
orks
/Util
ities
10 2
2 -
- -
- -
- 11
Scho
ols/
Educ
atio
nal
4 3
1 7
3 1
5 2
3 8
Stor
es/M
erca
ntile
88 11
5
32 31
23 25
29 29
44 73
Oth
er N
on-R
esid
entia
l43
22 40
46 37
32 42
34 24
9
100
St
ruct
ures
Oth
er T
han
Bui
ldin
gs57
6
520
46
6
445
56
3
550
91
6
912
66
4
710
Tot
al N
ew N
on-R
esid
entia
l84
5
773
61
5
592
67
7
659
1,
044
1,03
1
1,
030
983
Tot
al N
ew C
onst
ruct
ion
2,02
3
1,
689
1,54
5
1,
340
1,48
7
1,
290
1,77
1
2,
056
1,96
4
1,
952
AD
DIT
ION
S/A
LTER
ATI
ON
SR
es. G
arag
es/C
arpo
rts84
127
28
58 46
99 49
72 44
65 R
esid
entia
l Rem
odel
ing
920
68
2
697
3,
435
1,61
6
61
9
967
1,
782
978
1,
144
Com
mer
cial
Rem
odel
ing
248
24
1
262
24
7
227
24
2
285
24
6
274
33
2
1,25
2
1,
050
987
3,
740
1,88
9
96
0
1,30
1
2,
100
1,29
6
1,
541
Tot
al C
onst
ruct
ion
3,27
5
2,
739
2,53
2
5,
080
3,37
6
2,
250
3,07
2
4,
156
3,26
0
3,
493
*H
otel
s and
mot
els w
ere
orig
inal
ly in
clud
ed in
resi
dent
ial,
but i
n 20
09, a
new
cat
egor
y w
as c
reat
ed.
62
City
of L
ubbo
ck, T
XFi
nanc
e D
epar
tmen
tR
atin
g A
genc
ies P
rese
ntat
ion
Bui
ldin
g Pe
rmit
Val
uatio
ns -
10 Y
ear
Tre
nd
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
NEW
RES
IDEN
TIA
L1-
Fam
ily R
esid
ence
184,
550,
770
$
16
0,23
2,85
9
154,
264,
293
14
7,39
1,05
8
147,
253,
408
11
6,05
3,14
2
155,
031,
392
213,
051,
754
205,
645,
978
229,
125,
684
2-Fa
mily
Res
iden
ce3,
485,
000
1,41
0,50
0
7,
571,
841
2,06
8,00
0
15
,128
,173
8,
090,
000
8,29
2,25
0
6,
054,
000
6,58
8,00
0
3,99
8,00
0
3 or
mor
e R
esid
entia
l17
,350
,000
50,5
12,0
00
67,1
91,4
78
18,8
60,0
00
49,3
69,4
75
39,0
53,4
64
44,1
32,0
54
55,5
65,8
11
47,4
78,7
19
56,9
45,7
70
T
otal
New
Res
iden
tial
205,
385,
770
21
2,15
5,35
9
229,
027,
612
16
8,31
9,05
8
211,
751,
056
16
3,19
6,60
6
207,
455,
696
274,
671,
565
259,
712,
697
290,
069,
454
NEW
NO
N-R
ESID
ENTI
AL
Hot
els/
Mot
els *
- -
- 5,
500,
000
- 16
4,06
5
4,40
0,00
0
6,
700,
000
31,5
85,0
00
23,7
00,0
00
Am
usem
ent/R
ecre
atio
nal
1,39
8,43
1
15
,150
,894
6,
181,
100
4,15
1,01
1
3,
474,
700
7,96
0,10
0
5,
842,
037
11,3
29,4
75
6,01
2,51
5
8,83
3,00
0
Chu
rche
s/O
ther
Rel
igio
us1,
700,
000
6,45
1,47
5
2,
700,
000
3,18
8,18
6
-
5,43
7,17
6
7,
950,
000
- 6,
015,
102
9,
055,
000
In
dust
rial
527,
900
9,
470,
000
15,0
81,0
00
402,
000
-
1,82
9,00
0
3,
500,
000
- -
4,19
1,90
2
Park
ing
Gar
ages
493,
770
46
,000
8,
000,
000
- 17
,000
,000
-
180,
000
-
- 6,
700,
000
Se
rv. S
tatio
ns/R
ep. G
arag
es24
8,90
0
2,76
5,00
0
80
0,00
0
35,0
00
500,
000
1,
925,
000
149,
000
1,
134,
620
8,13
5,00
0
3,86
5,00
0
Hos
pita
l/Ins
titut
iona
l9,
200,
000
25,1
14,2
50
21,9
97,8
00
- 18
,180
,563
-
- -
4,78
5,00
0
10,0
00,0
00
Off
ice/
Ban
k/Pr
ofes
sion
al61
,267
,584
13,3
82,7
70
50,8
35,4
81
32,8
49,8
10
15,8
50,1
86
30,8
08,1
34
28,9
11,7
80
21,4
65,6
93
40,0
82,1
39
35,1
69,8
49
Publ
ic W
orks
/Util
ities
7,64
6,00
0
80
,000
25
,532
,120
-
- -
- -
- 45
,595
,000
Sc
hool
s/Ed
ucat
iona
l16
,006
,450
25,0
60,0
00
49,0
00
46,8
35,5
71
15,1
38,5
02
45,0
00
31,8
57,7
56
18,6
03,0
00
10,6
39,0
00
38,2
23,9
16
Stor
es/M
erca
ntile
54,3
57,5
88
76
,661
,855
13
,717
,349
12
,338
,235
22
,853
,148
20
,166
,000
18
,252
,511
38
,653
,456
44
,831
,570
72
,498
,986
O
ther
Non
-Res
iden
tial
11,1
80,1
62
2,
194,
091
9,99
4,42
7
4,
640,
022
7,66
0,59
3
3,
212,
501
13,1
56,1
45
4,27
7,77
6
6,
015,
402
14
,296
,466
St
ruct
ures
Oth
er T
han
Bui
ldin
gs8,
083,
848
8,63
2,67
7
11
,502
,225
16
,643
,999
4,
301,
734
5,55
2,48
7
8,
812,
079
12,9
66,4
64
40,1
76,7
21
12,6
81,6
15
T
otal
New
Non
-Res
iden
tial
172,
110,
633
18
5,00
9,01
2
166,
390,
502
12
6,58
3,83
4
104,
959,
426
77
,099
,463
12
3,01
1,30
8
11
5,13
0,48
4
19
8,27
7,44
9
28
4,81
0,73
4
Tot
al N
ew C
onst
ruct
ion
377,
496,
403
39
7,16
4,37
1
395,
418,
114
29
4,90
2,89
2
316,
710,
482
24
0,29
6,06
9
330,
467,
004
389,
802,
049
457,
990,
146
574,
880,
188
AD
DIT
ION
S/A
LTER
ATI
ON
SR
es. G
arag
es/C
arpo
rts15
5,87
1
977,
290
86
8,01
5
298,
273
24
3,47
9
1,10
7,21
9
34
8,96
2
2,98
8,15
2
43
4,61
7
1,
316,
312
R
esid
entia
l Rem
odel
ing
6,93
7,71
8
15
,573
,728
7,
332,
897
15,8
09,3
74
8,60
7,38
5
5,
958,
698
4,22
0,79
6
7,
917,
314
6,41
2,81
0
6,37
9,15
0
Com
mer
cial
Rem
odel
ing
68,9
48,3
91
41
,002
,490
69
,855
,680
50
,142
,158
50
,610
,911
35
,495
,676
10
5,29
3,08
0
75
,179
,304
43
,505
,185
76
,791
,003
Tot
al C
onst
ruct
ion
453,
538,
383
$
45
4,71
7,87
9
473,
474,
706
36
1,15
2,69
7
376,
172,
257
28
2,85
7,66
2
440,
329,
842
475,
886,
819
508,
342,
758
659,
366,
653
*H
otel
s and
mot
els w
ere
orig
inal
ly in
clud
ed in
resi
dent
ial,
but i
n 20
09, a
new
cat
egor
y w
as c
reat
ed.
Sour
ce:
City
of L
ubbo
ck, B
uild
ing
Insp
ectio
n D
ept.
"Bui
ldin
g In
spec
tion
Stat
istic
al R
epor
t"
63
City of Lubbock, TX Finance Department
Rating Agencies Presentation Policy on General Fund Unrestricted Fund Balance
and Appropriable Net Position Policy
GENERAL FUND. The City targets an unrestricted fund balance in an amount equal to at least 20 percent of regular General Fund operating revenues to meet unanticipated contingencies and fluctuations in revenue. Staff develops a General Fund rate model that is used to forecast fiscal year-end balances. Staff develops this model by compiling all projected resources, General Fund disbursements, general capital needs and operating transfers. If the rate model indicates an impending deficit, contingency plans are developed for City Council approval to relieve those deficits.
WATER AND WASTEWATER FUNDS. The City targets appropriable net position in the Water and Wastewater funds in an amount equal to 25 percent of regular operating revenues. Five-year rate models are maintained in the Water Fund and Wastewater Funds to indentify all sources and uses of funds and to provide a planning tool for rate setting. The rate model is a model where all projected revenues, operating and capital disbursements, debt service requirements, and transfers in/out are compiled to determine the rate necessary to yield the targeted ending balance. When the model predicts the need for a rate increase, further intensive review is performed to determine if capital project construction timelines can be adjusted in order to smooth the rate. At a minimum, the rolling five-year rate models are updated and analyzed as part of the budget preparation process and again mid-fiscal year, once prior year financial statements are issued.
SOLID WASTE, AIRPORT AND STORM WATER FUNDS. The City targets appropriable net position in the Solid Waste, Airport, and Storm Water funds in an amount equal to 15 percent of regular operating revenues. Five-year rate models are maintained in the Solid Waste Fund, Airport Fund and Storm Water Fund to identify all sources and uses of funds and to provide a planning tool for rate setting. The rate model is a model where all projected revenues, operating and capital disbursements, debt service requirements, and transfers in/out are compiled to determine the rate necessary to yield the targeted ending balance. When the model predicts the need for a rate increase, further intensive review is performed to determine if capital project construction timelines can be adjusted in order to smooth the rate. At a minimum, the rolling five-year rate models are updated and analyzed as part of the budget preparedness process and again mid-fiscal year, once prior year financial statements are issued. In the Solid Waste Fund, funds are designated in landfill closure and post closure care reserves for the purpose of covering the City’s landfill sites when they stop accepting waste and to perform certain maintenance and monitoring functions at the sites for thirty years after closure.
INTERNAL SERVICE FUNDS. The City targets appropriable net position in the Internal Service Funds in an amount equal to eight percent of regular operating revenues.
64
City of Lubbock, TXFinance Department
Rating Agencies PresentationGeneral Fund Model
AdoptedFY 15-16 FY 16-17 FY 17-18 FY 18-19 FY 19-20 FY 20-21
RevenuesTotal Taxes 119,876,488 123,185,087 128,090,834 133,218,546 139,073,666 144,739,125 Total Franchise Fees/Right Of Way 4,864,407 5,101,740 5,200,327 5,305,069 5,416,118 5,533,639 Total Fees For Services 3,080,420 3,116,788 3,154,009 3,192,113 3,231,132 3,271,099 Total Fees And Fines 5,929,901 6,101,522 6,281,647 6,470,754 6,669,348 6,877,966 Total Other Revenues 1,421,434 1,421,993 1,420,462 1,419,333 1,416,102 1,413,259 Total Transfers 30,884,365 32,107,479 33,672,041 35,205,069 36,567,898 37,668,097
Total Revenue Sources 166,057,015 171,034,610 177,819,320 184,810,884 192,374,264 199,503,186
ExpendituresTotal Salaries 86,692,299 89,431,698 92,262,021 95,186,524 98,208,592 101,331,747 Total Benefits 36,760,989 38,425,781 40,182,019 42,035,420 43,992,087 46,058,541 Total Supplies 6,267,169 6,658,200 7,086,424 7,555,978 8,071,490 8,638,142 Total Maintenance 6,221,358 6,379,334 6,541,488 6,707,932 6,878,784 7,054,165 Total Professional Services & Training 6,047,611 6,209,969 6,377,512 6,550,436 6,728,946 6,913,255 Total Scheduled Charges 9,834,917 10,394,062 10,991,261 11,629,336 12,311,329 13,040,516 Total Other Charges 2,030,884 2,087,683 2,146,426 2,207,194 2,270,070 2,335,139 Total Capital Outlay 501,880 507,398 512,980 518,629 524,345 530,128 Total Reimbursements - - - - - -
Operating & Maintenance Subtotal 154,357,107 160,094,125 166,100,131 172,391,449 178,985,644 185,901,633
Total Transfers & Other Adjustments 3,766,373 3,864,175 3,964,606 4,067,741 4,173,654 4,282,421 Total Pay-As-You-Go Funding in CIP 5,449,485 4,959,907 2,468,554 3,480,572 1,310,000 950,000 Total Master Lease 5,213,414 5,927,474 6,462,325 6,775,536 6,994,951 7,947,148
Fund Level Subtotal 14,429,272 14,751,556 12,895,485 14,323,849 12,478,605 13,179,569
Total Expenditures 168,786,380 174,845,681 178,995,617 186,715,298 191,464,249 199,081,202
Total Expenditures (Over)/Under Revenues (2,729,365) (3,811,072) (1,176,296) (1,904,414) 910,016 421,984
General Fund Net Asset CalculationAppropriable Net Assets: 37,611,308 33,800,237 32,623,941 30,719,527 31,629,542 33,001,526
Less: Appropriable Net Asset Policy (27,034,530) (27,785,426) (28,829,456) (29,921,163) (31,161,273) (32,367,018)
Total Appropriable Net Assets 10,576,778 6,014,811 3,794,485 798,363 468,269 634,508
Debt Service Fund
Total I&S Tax Revenue 17,163,914 21,775,527 24,535,324 27,347,746 30,046,712 32,049,895
Total Existing Debt Service Net of BABs Subsidy 16,906,517 15,788,560 16,044,125 15,957,089 15,847,531 15,104,856 Less Interest Earnings on Bond Proceeds - (150,001) (126,400) (86,916) (87,367) (79,528)
Total New Debt Service - 5,853,793 8,331,593 11,155,735 13,938,946 16,671,067 Fiscal Agent Fees 6,840 6,908 6,977 7,047 7,118 7,189 Bond Sale Charges 273,531 276,266 279,029 281,819 284,637 287,484 Total Debt Service Expense 17,186,888 21,775,527 24,535,324 27,314,774 29,990,865 31,991,068
Total Expenditures (Over)/Under Revenues (22,974) 0 (0) 32,972 55,848 58,827
Debt Service Fund Balance 1,694,062 1,694,062 1,694,062 1,727,034 1,782,882 1,841,709
2015 2016 2017 2018 2019 2020Tax Rate Calculation
Operations & Maintenance (O&M) Tax Rate 39.220 39.220 39.220 39.220 39.220 39.555 Plus: Cost of Additional Expense in Pennies - - 0.335 -
Operations & Maintenance Tax Rate Subtotal 39.220 39.220 39.220 39.220 39.555 39.555
Interest & Sinking (I&S) Fund Tax Rate for Existing Debt Service 12.267 11.182 11.009 10.630 10.224 9.300 Plus: Cost of New Debt in Pennies - 4.229 5.873 7.661 9.314 10.937
Interest & Sinking Fund Tax Rate Subtotal 12.267 15.411 16.882 18.291 19.538 20.237
Economic Development Tax Rate 2.315 2.315 2.315 2.315 2.315 2.315
Tax Rate Grand Total 53.802 56.946 58.417 59.826 61.408 62.107
-----------------------------------------------------Forecast--------------------------------------------------------
65
City of Lubbock, TXFinance Department
Rating Agency PresentationGeneral Fund Appropriable Net Fund Balance Calculation
Current AssetsTotal Assets 48,661,591$ Less: Cash Funded Capital Projects - Less: Prepaid Expenses - Less: Inventories (118,303)
Total Net Current Assets 48,543,288
Current LiabilitiesAccounts Payable 3,932,016 Less: Accounts Payable Retainage - Accrued Liabilities 4,270,599 Accrued Interest Payable - Customer Deposits - Due to Other Funds -
Total Current Liabilities 8,202,615
Cashflow CalculationsCurrent Assets Less Current Liabilities 40,340,673 Add: Restricted Cash Reserved for Debt Service -
Total Available Cash at September 30, 2015 40,340,673$
September 30, 2015Target Net Fund Balance Policy Target Net Fund Balance by Policy @ 20.0% of Operating Revenues 26,658,076$
Available for Reallocation 13,682,597 Percentage of Net Fund Balance Policy 151%
FY 2015-16 BudgetOperating Revenues 135,172,650$ Non-Operating Revenues 30,884,365 Expenses (168,786,380)
Revenue Over/(Under) Expenses (2,729,365)
Total Available Cash at September 30, 2016 37,611,308$
Estimated September 30, 2016Target Net Fund Balance Policy Target Net Fund Balance @ 20.0% of Operating Revenues 27,034,530$ Projected Available for Reallocation 10,576,778 Percentage of Net Fund Balance Policy 139.1%
66
CIT
Y O
F L
UB
BO
CK
, TE
XA
SB
AL
AN
CE
SH
EE
TG
EN
ER
AL
FU
ND
FOR
FIS
CA
L Y
EA
RS
EN
DE
D S
EPT
EM
BE
R 3
0
Post
GA
SB-5
4
2006
2007
2008
2009
2010
2011
2012
2013
*20
1420
15A
SSE
TS
Pool
ed c
ash
and
cash
equ
ival
ents
$8,
456,
754
166,
687
12
0,44
9
76,1
78
23,3
03
1,51
6,29
9
3,
260,
328
4,88
5,49
3
4,
277,
147
3,85
2,13
1
In
vest
men
ts7,
605,
360
12,0
26,2
34
14,7
47,9
33
14,6
99,3
35
16,4
27,5
63
14,3
98,6
47
16,9
61,7
33
20,7
93,3
49
21,3
99,4
68
28,7
82,7
41
Taxe
s rec
eiva
ble
(net
)8,
642,
511
9,22
8,58
3
9,
711,
930
9,36
5,27
3
9,
630,
178
10,0
62,3
10
10,4
80,6
18
11,3
97,9
74
11,5
91,2
76
11,8
30,2
08
Acc
ount
s rec
eiva
ble
(net
)1,
825,
656
1,33
7,81
0
1,
109,
105
879,
781
86
8,20
7
829,
251
1,
534,
270
907,
732
55
1,55
7
523,
216
In
tere
st re
ceiv
able
336,
741
22
8,81
3
177,
748
37
,278
5,
515
3,
571
41
,551
31
,083
25
,653
22
,580
D
ue fr
om o
ther
fund
s2,
415,
681
4,34
2,24
7
3,
266,
168
3,77
8,76
5
1,
766,
653
2,85
8,98
8
2,
793,
461
3,11
3,21
9
61
5,93
7
2,36
5,43
3
D
ue fr
om o
ther
gov
ernm
ents
- 32
,582
-
20,0
60
- -
- -
- -
Due
from
oth
ers
797,
380
74
4,31
7
882,
879
77
4,48
1
699,
426
57
7,11
8
992,
010
1,
008,
708
736,
009
1,
166,
979
Prep
aid
item
s-
- -
- 9,
764
38
,213
-
- -
- In
vent
ory
168,
964
17
1,58
0
168,
657
12
4,95
5
119,
115
11
6,86
6
105,
079
11
5,58
5
127,
283
11
8,30
3
Adv
ance
s to
othe
r fun
ds-
- -
- -
- -
- -
- T
otal
ass
ets
$30
,249
,047
28
,278
,853
30
,184
,869
29
,756
,106
29
,549
,724
30
,401
,263
36
,169
,050
42
,253
,143
39
,324
,330
48
,661
,591
LIA
BIL
ITIE
SA
ccou
nts p
ayab
le$
3,28
5,89
9
2,
916,
072
3,52
2,54
0
2,
686,
846
2,66
0,13
6
4,
396,
441
3,79
3,39
2
3,
989,
748
3,90
0,14
5
3,
932,
016
Due
to o
ther
s-
- -
- -
- -
- -
- A
ccru
ed li
abili
ties
4,30
3,22
1
3,
993,
781
4,69
5,06
7
5,
245,
248
5,16
6,39
0
2,
334,
344
2,74
2,10
4
3,
157,
291
3,51
3,04
8
4,
270,
599
Une
arne
d re
venu
e - o
ther
*2,
735,
216
2,24
3,35
2
2,
004,
987
1,94
2,59
7
1,
912,
599
1,80
0,59
7
1,
472,
109
57,5
66
82,3
01
70,0
51
Tot
al li
abili
ties
10,3
24,3
36
9,15
3,20
5
10
,222
,594
9,
874,
691
9,73
9,12
5
8,
531,
382
8,00
7,60
5
7,
204,
605
7,49
5,49
4
8,
272,
666
DE
FER
RE
D IN
FLO
WS
OF
RE
SOU
RC
ES
Una
vaila
ble
reve
nue
- -
- -
- -
- 1,
211,
905
1,21
8,02
0
1,
198,
432
Tot
al d
efer
red
inflo
ws o
f res
ourc
es10
,324
,336
9,
153,
205
10,2
22,5
94
9,87
4,69
1
9,
739,
125
8,53
1,38
2
8,
007,
605
1,21
1,90
5
1,
218,
020
1,19
8,43
2
FUN
D B
AL
AN
CE
SR
eser
ved
for:
Pre
paid
item
s/In
vent
ory
168,
964
17
1,58
0
168,
657
12
4,95
5
128,
880
-
- -
- -
Adv
ance
s to
othe
r fun
ds-
- -
- -
- -
- -
- U
nres
erve
d, re
porte
d in
Gen
eral
fund
19,7
55,7
47
18,9
54,0
68
19,7
93,6
18
19,7
56,4
60
19,6
81,7
19
- -
- -
- N
onsp
enda
ble
- -
- -
- 15
5,07
9
105,
079
11
5,58
5
127,
283
11
8,30
3
Ass
igne
d-
- -
- -
- -
- 1,
232,
042
- U
nass
igne
d-
- -
- -
21,7
14,8
02
28,0
56,3
66
33,7
21,0
48
29,2
51,4
91
39,0
72,1
90
Tot
al fu
nd b
alan
ces
19,9
24,7
11
19,1
25,6
48
19,9
62,2
75
19,8
81,4
15
19,8
10,5
99
21,8
69,8
81
28,1
61,4
45
33,8
36,6
33
30,6
10,8
16
39,1
90,4
93
Tot
al li
abili
ties,
defe
rred
iflow
s of
re
sour
ces a
nd fu
nd b
alan
ces
$30
,249
,047
28
,278
,853
30
,184
,869
29
,756
,106
29
,549
,724
30
,401
,263
36
,169
,050
42
,253
,143
39
,324
,330
48
,661
,591
*In
FY20
13, t
he C
ity a
pplie
d G
ASB
Sta
tem
ent N
o. 6
3, "F
inan
cial
Rep
ortin
g of
Def
erre
d O
utflo
ws o
f Res
ourc
es, D
efer
red
Inflo
ws o
f Res
ourc
es, a
nd N
et P
ositi
on".
For
FY
201
3 to
FY
201
5, th
e lin
e ite
m fo
rmer
ly c
alle
d "D
efer
red
Rev
neue
" is n
ow re
porte
d as
eith
er "U
near
ned
reve
nue
- Oth
er" o
r "U
nava
ilabl
e re
venu
e".
FY 2
004
to F
Y 2
012
wer
e no
t res
tate
d - d
efer
red
reve
nue
for t
hose
yea
rs is
now
repo
rted
unde
r the
line
item
"Une
arne
d re
venu
e - o
ther
".
67
CIT
Y O
F LU
BB
OC
K, T
EXA
SST
ATE
MEN
T O
F R
EVEN
UES
, EX
PEN
DIT
UR
ES, A
ND
CH
AN
GES
IN F
UN
D B
ALA
NC
ESG
ENER
AL
FUN
DFO
R F
ISC
AL
YEA
RS
END
ED S
EPTE
MB
ER 3
0
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
REV
ENU
ESTa
xes a
nd fe
es$
84,0
08,5
97
87,6
96,0
76
93,1
31,6
93
91,1
70,9
67
93,9
13,8
84
95,3
42,1
12
101,
150,
698
108,
230,
645
112,
292,
944
121,
541,
696
Fees
and
fine
s3,
981,
978
3,66
9,09
9
3,
279,
911
3,31
5,47
2
3,
047,
293
2,99
6,31
5
3,
447,
931
3,70
3,30
7
3,
067,
738
3,37
1,49
1
Li
cens
es a
nd p
erm
its2,
250,
635
2,53
1,03
2
2,
663,
139
2,21
3,04
1
2,
493,
594
2,07
6,77
6
2,
396,
476
2,62
5,47
8
2,
821,
135
3,00
4,53
9
In
terg
over
nmen
tal
408,
997
51
4,89
6
530,
389
50
3,88
9
484,
543
45
1,68
4
489,
332
52
8,72
5
530,
454
56
5,00
0
Cha
rges
for s
ervi
ces
4,78
1,04
3
4,
057,
958
3,33
9,14
8
2,
930,
335
2,96
4,00
1
3,
114,
280
2,99
3,19
1
3,
129,
948
3,04
9,77
6
3,
163,
757
Inte
rest
921,
742
1,
469,
083
1,05
2,84
2
32
7,40
1
48,8
95
25,3
79
96,2
49
29,3
89
118,
262
26
9,95
2
Mis
cella
neou
s1,
465,
215
2,58
2,50
9
2,
574,
448
1,75
7,53
4
2,
158,
723
2,31
1,42
9
2,
787,
312
2,17
6,46
8
1,
341,
893
1,37
3,94
6
T
otal
reve
nues
97,8
18,2
07
102,
520,
653
106,
571,
570
102,
218,
639
105,
110,
933
106,
317,
975
113,
361,
189
120,
423,
960
123,
222,
202
133,
290,
381
EXPE
ND
ITU
RES
*C
urre
nt:
Adm
inis
trativ
e Se
rvic
es9,
356,
059
11,5
60,7
33
11,0
47,0
39
9,61
1,38
5
10
,572
,200
10
,214
,049
10
,383
,779
12
,041
,031
12
,605
,166
11
,566
,547
C
omm
unity
Ser
vice
s-
- -
- -
- -
- -
- C
ultu
ral &
Rec
reat
ion
Serv
ices
13,9
86,5
76
15,2
51,7
42
12,2
53,3
80
11,5
15,8
65
11,8
59,2
75
11,8
35,4
32
12,5
81,9
32
13,3
10,0
80
13,1
51,4
27
13,3
06,5
76
Eco
nom
ic &
Bus
ines
s Dev
elop
men
t1,
146,
267
1,12
2,88
0
1,
215,
978
966,
068
98
2,50
8
911,
739
45
8,81
6
561,
593
44
4,51
3
531,
100
F
ire24
,638
,814
26
,690
,350
29
,630
,222
30
,479
,464
31
,874
,544
33
,831
,932
37
,157
,096
40
,017
,335
42
,039
,679
43
,831
,366
H
ealth
3,73
8,79
0
4,
004,
913
4,13
3,91
7
4,
069,
411
3,21
7,06
9
3,
568,
300
2,75
8,56
6
2,
618,
467
3,33
8,59
0
3,
714,
639
Oth
er P
ublic
Saf
ety
4,28
7,80
6
4,
508,
394
4,70
3,24
9
4,
872,
418
4,69
0,62
1
4,
291,
114
5,16
4,94
2
5,
310,
003
5,16
1,05
8
5,
412,
003
Pol
ice
37,4
63,7
40
40,4
48,2
54
42,8
31,0
16
43,5
39,6
01
45,0
18,5
94
47,7
99,4
52
51,8
53,7
15
54,1
13,9
78
55,6
46,9
51
57,8
17,8
06
Stre
ets &
Tra
ffic
Ope
ratio
ns7,
439,
045
7,66
3,27
8
8,
168,
462
8,01
3,70
0
8,
904,
450
6,16
2,64
0
6,
624,
079
6,50
4,46
4
6,
881,
852
7,20
6,79
4
N
on-d
epar
tmen
tal
1,88
2,25
5
-
- -
- -
- -
- -
Deb
t ser
vice
: P
rinci
pal
1,00
9,36
8
1,
426,
998
2,06
9,46
1
2,
487,
818
3,72
7,09
2
3,
694,
466
3,89
3,02
1
4,
293,
857
5,06
0,07
2
4,
836,
006
Int
eres
t and
oth
er c
harg
es14
4,85
8
267,
846
32
7,14
4
352,
643
57
2,12
3
590,
386
56
9,29
2
593,
132
54
5,12
1
517,
196
C
apita
l out
lay
7,18
4,86
6
4,
256,
705
3,96
6,06
5
8,
412,
831
4,13
5,29
0
5,
749,
537
4,66
8,30
3
5,
543,
846
6,64
4,61
1
5,
323,
401
Tot
al e
xpen
ditu
res
112,
278,
444
117,
202,
093
120,
345,
933
124,
321,
204
125,
553,
766
128,
649,
047
136,
113,
541
144,
907,
786
151,
519,
040
154,
063,
434
Exce
ss (d
efic
ienc
y) o
f rev
enue
s o
ver (
unde
r) e
xpen
ditu
res
(14,
460,
237)
(1
4,68
1,44
0)
(13,
774,
363)
(2
2,10
2,56
5)
(20,
442,
833)
(2
2,33
1,07
2)
(22,
752,
352)
(2
4,48
3,82
6)
(28,
296,
838)
(2
0,77
3,05
3)
OTH
ER F
INA
NC
ING
SO
UR
CES
(USE
S)C
apita
l lea
ses i
ssue
d5,
119,
980
3,72
1,26
2
3,
011,
141
8,71
4,55
6
4,
015,
386
3,58
8,15
4
5,
537,
998
5,77
8,89
1
5,
842,
667
4,55
5,29
8
Tr
ansf
ers i
n 13
,325
,046
14
,536
,071
17
,729
,361
19
,303
,155
19
,805
,805
24
,741
,193
26
,161
,287
28
,305
,596
29
,844
,696
31
,362
,364
Tr
ansf
ers o
ut(1
,436
,498
)
(4,3
74,9
56)
(6
,129
,512
)
(5,9
96,0
06)
(3
,449
,174
)
(3,9
38,9
93)
(2
,655
,369
)
(3,9
25,4
73)
(1
0,61
6,34
2)
(6,5
64,9
32)
T
otal
oth
er fi
nanc
ing
sour
ces (
uses
)17
,008
,528
13
,882
,377
14
,610
,990
22
,021
,705
20
,372
,017
24
,390
,354
29
,043
,916
30
,159
,014
25
,071
,021
29
,352
,730
Net
cha
nge
in fu
nd b
alan
ces
2,54
8,29
1
(7
99,0
63)
83
6,62
7
(80,
860)
(7
0,81
6)
2,05
9,28
2
6,
291,
564
5,67
5,18
8
(3
,225
,817
)
8,57
9,67
7
Fu
nd b
alan
ces-
begi
nnin
g of
yea
r17
,376
,420
19
,924
,711
19
,125
,648
19
,962
,275
19
,881
,415
19
,810
,599
21
,869
,881
28
,161
,445
33
,836
,633
30
,610
,816
Fu
nd b
alan
ces-
end
of y
ear
$19
,924
,711
19
,125
,648
19
,962
,275
19
,881
,415
19
,810
,599
21
,869
,881
28
,161
,445
33
,836
,633
30
,610
,816
39
,190
,493
68
City
of L
ubbo
ck, T
XFi
nanc
e D
epar
tmen
tR
atin
g A
genc
ies P
rese
ntat
ion
Gen
eral
Fun
d U
nres
tric
ted
Fund
Bal
ance
Hist
ory
(mod
ified
acc
rual
bas
is of
acc
ount
ing)
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Gen
eral
Fun
dU
nass
igne
d17
,268
,592
19
,755
,747
18
,954
,068
19
,793
,618
19
,756
,460
19
,681
,719
21
,714
,802
28
,056
,366
33
,721
,048
29
,251
,491
39
,072
,190
Tota
l gen
eral
fund
17,2
68,5
92
19,7
55,7
47
18,9
54,0
68
19,7
93,6
18
19,7
56,4
60
19,6
81,7
19
21,7
14,8
02
28,0
56,3
66
33,7
21,0
48
29,2
51,4
91
39,0
72,1
90
Targ
et P
olic
y*16
,548
,437
19
,563
,641
20
,504
,131
21
,314
,314
20
,443
,728
21
,022
,187
21
,263
,595
22
,672
,238
24
,084
,792
24
,644
,440
26
,658
,076
Ove
r (U
nder
) Pol
icy
Targ
et72
0,15
5
192,
106
(1
,550
,063
)
(1,5
20,6
96)
(6
87,2
68)
(1,3
40,4
68)
45
1,20
7
5,
384,
128
9,
636,
256
4,
607,
051
12,4
14,1
14
%
of T
arge
t10
4.4%
101.
0%92
.4%
92.9
%96
.6%
93.6
%10
2.1%
123.
7%14
0.0%
118.
7%14
6.6%
*Fun
d B
alan
ce P
olic
y w
as c
hang
ed o
n M
arch
23,
200
6 fr
om 2
mon
ths o
f ope
ratin
g ex
pens
es to
20%
of o
pera
ting
reve
nues
.
Fisc
al Y
ear E
nded
Sep
tem
ber 3
0,
69
City
of L
ubbo
ck, T
XFi
nanc
e D
epar
tmen
tR
atin
g A
genc
ies P
rese
ntat
ion
Prop
erty
Tax
His
tory
Fisc
al%
of C
urre
nt%
of T
otal
Yea
rD
istrib
utio
nBa
se T
axBa
se T
axEn
ded
Tax
Gen
eral
Econ
omic
Inte
rest
and
Colle
ctio
ns to
Colle
ctio
ns to
9/30
Rate
Fund
Dev
elop
men
tSi
nkin
g Fu
ndTa
x Le
vyO
rigin
al T
ax L
evy
Orig
inal
Tax
Lev
y20
070.
4619
9
0.
3607
4
0.03
000
0.
0712
5
46,0
68,7
44
97.8
8
99.0
2
2008
0.45
505
0.35
380
0.
0300
0
0.07
125
49
,195
,247
98
.41
99
.62
20
090.
4464
0
0.
3254
0
0.03
000
0.
0910
0
51,6
16,5
89
97.7
8
98.8
7
2010
0.44
640
0.33
240
0.
0300
0
0.08
400
53
,455
,322
98
.19
99
.38
20
110.
4561
7
0.
3324
0
0.03
000
0.
0937
7
55,7
83,3
39
98.2
7
99.7
3
2012
0.47
400
0.34
200
0.
0300
0
0.10
200
59
,220
,369
98
.42
99
.32
20
130.
4921
1
0.
3568
3
0.02
937
0.
1095
1
63,2
79,2
28
98.7
0
96.0
0
2014
0.50
441
0.36
080
0.
0270
5
0.11
656
66
,684
,667
98
.82
96
.15
20
150.
5224
0
0.
3850
0
0.02
315
0.
1142
5
71,8
65,3
59
98.9
4
96.5
2
2016
0.53
802
0.39
220
0.
0231
5
0.12
267
74
,865
,838
Sour
ce:
City
of L
ubbo
ck
In P
roce
ss o
f Col
lect
ion
$0.0
0
$0.1
0
$0.2
0
$0.3
0
$0.4
0
$0.5
0
$0.6
0
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
Gen
eral
Fun
dEc
onom
ic D
evel
opm
ent
Inte
rest
and
Sin
king
Fun
d
$0.2
0
$0.2
5
$0.3
0
$0.3
5
$0.4
0
$0.4
5
$0.5
0
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
0.36
1 0.35
4 0.
325
0.33
2 0.
332
0.34
2 0.
357
0.36
1
0.38
5 0.
392
Gen
eral
Fun
d
$0.0
0
$0.0
2
$0.0
4
$0.0
6
$0.0
8
$0.1
0
$0.1
2
$0.1
4
$0.1
6
$0.1
8
$0.2
0
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
0.07
10.
071
0.09
10.
084
0.09
40.
102
0.11
00.
117
0.11
40.
123
Inte
rest
and
Sin
king
Fun
d
70
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Taxa
ble
Ass
esse
d V
alua
tion
(Mill
ions
)10
,003
10
,897
11
,673
12
,002
12
,288
12
,630
13
,100
13
,536
14
,102
14
,601
Ann
ual %
Cha
nge
7.02
8.94
7.12
2.82
2.38
2.78
3.72
3.33
4.18
3.
54
Sour
ce:
Lubb
ock
Cen
tral A
ppra
isal
Dis
trict
(bas
ed o
n ta
x ye
ar, n
ot fi
scal
yea
r)
City
of L
ubbo
ck, T
XFi
nanc
e D
epar
tmen
tR
atin
g A
genc
ies P
rese
ntat
ion
Taxa
ble
Ass
esse
d V
alua
tion
Tren
ds
$-
$2,
000
$4,
000
$6,
000
$8,
000
$10
,000
$12
,000
$14
,000
$16
,000
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Mill
ions
Taxa
ble
Ass
esse
d V
alua
tion
71
City
of L
ubbo
ck, T
XFi
nanc
e D
epar
tmen
tR
atin
g A
genc
ies P
rese
ntat
ion
Ten
Lar
gest
Pro
pert
y T
axpa
yers
2013
% o
f Tot
alTa
xabl
eTa
xabl
eA
sses
sed
Ass
esse
dN
ame
of T
axpa
yer*
Nat
ure
of P
rope
rtyV
alua
tion
Val
uatio
nM
acer
ich
Lubb
ock
Ltd.
Reg
iona
l Sho
ppin
g M
all
131,
424,
945
$
0.
97U
nite
d Su
perm
arke
tsFo
od W
hole
sale
73,6
37,2
140.
54PY
CO
Indu
strie
s, In
c.C
otto
nsee
d O
il M
ill47
,776
,508
0.35
Atm
os E
nerg
y W
est T
exas
Div
isio
nN
atur
al G
as U
tility
45,1
48,4
400.
33Te
xlan
d Pe
trole
umO
il an
d G
as P
rodu
ctio
n36
,420
,937
0.27
Wal
-Mar
t Rea
l Est
ate
Bus
ines
s Tru
stD
isco
unt R
etai
l Sto
re34
,340
,000
0.25
1859
Man
agem
ent P
artn
ers L
PH
otel
33,0
92,3
750.
24So
uthw
este
rn B
ell T
elep
hone
LP
Tele
phon
e U
tility
32,9
81,1
240.
24TT
UC
, LLC
Apa
rtmen
ts30
,694
,645
0.23
Sout
hwes
tern
Publ
ic S
ervi
ce29
,897
,770
0.22
495,
413,
958
$
3.
66
Sour
ce:
Lubb
ock
Cen
tral A
ppra
isal
Dis
trict
3.6
6%
96
.34
%
To
p T
en T
ota
l T
ax B
ase
72
City
of L
ubbo
ck, T
XFi
nanc
e D
epar
tmen
tR
atin
g A
genc
ies P
rese
ntat
ion
Out
stan
ding
Bon
ded
Deb
t
Fisc
alY
ear
Gen
eral
Gen
eral
En
ded
Obl
igat
ion
Obl
igat
ion
Rev
enue
9/30
Bon
ds G
over
nmen
tal
Bon
ds E
nter
pris
eB
onds
Tota
l20
0612
6,96
6,58
632
5,35
8,59
958
,266
,316
510,
591,
501
2007
163,
380,
346
352,
781,
206
54,7
93,6
0157
0,95
5,15
3
20
0820
3,56
5,11
846
1,59
8,43
249
,689
,110
714,
852,
660
2009
237,
669,
524
455,
102,
842
47,9
67,1
6274
0,73
9,52
8
20
1026
5,56
3,74
358
2,96
2,27
252
,513
,363
901,
039,
378
2011
285,
888,
111
693,
432,
770
114,
433,
533
1,09
3,75
4,41
4
2012
294,
238,
000
720,
456,
676
135,
260,
668
1,14
9,95
5,34
4
2013
297,
966,
963
716,
063,
760
141,
592,
726
1,15
5,62
3,44
9
2014
297,
544,
965
723,
080,
070
147,
699,
694
1,16
8,32
4,72
9
2015
311,
343,
939
757,
141,
105
147,
305,
321
1,21
5,79
0,36
5
Sou
rce:
City
of L
ubbo
ck
$2,0
00$2
,002
$2,0
04$2
,006
$2,0
08$2
,010
$2,0
12$2
,014
$2,0
16
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Tax-
Supp
orte
d an
d Se
lf-Su
ppor
ting
Deb
t
73
City
of L
ubbo
ck, T
XFi
nanc
e D
epar
tmen
tR
atin
g A
genc
ies P
rese
ntat
ion
Net
Bon
ded
Deb
t per
Cap
ita
Rat
ioD
ebt
Deb
tof
Net
Fisc
alD
ebt
Paya
ble
Paya
ble
Bon
ded
Net
Yea
rA
sses
sed
Gro
ss S
ervi
cefr
om O
ther
from
Net
Deb
t to
Bon
ded
End
edV
alue
Bon
ded
Mon
ies
Gov
ernm
ent
Ent
erpr
ise
Bon
ded
Ass
esse
dD
ebt p
er9/
30Po
pula
tion*
(in th
ousa
nds)
Deb
t(1)
Ava
ilabl
e(2)
Rev
enue
s(3)
Rev
enue
s(4)
Deb
t(5)
Val
ueC
apita
2006
211,
187
9,34
6,61
445
2,32
5,18
53,
614,
172
17,8
95,5
9732
3,56
7,72
0
110,
861,
868
1.19
%52
4.95
2007
212,
365
10,0
02,7
2651
6,16
1,55
23,
451,
292
42,4
74,5
2735
2,48
6,63
0
121,
200,
395
1.21
%57
0.72
2008
214,
847
10,8
97,2
1166
5,16
3,55
03,
167,
681
61,3
21,7
3245
7,12
6,34
7
146,
715,
471
1.35
%68
2.88
2009
218,
327
11,6
73,0
7469
2,77
2,36
62,
611,
960
91,4
26,2
9545
1,09
0,01
3
150,
256,
058
1.29
%68
8.22
2010
229,
573
12,0
02,6
1684
8,52
6,01
52,
671,
291
98,9
87,5
2457
8,02
6,08
9
171,
512,
402
1.43
%74
7.09
2011
231,
937
12,2
88,3
6197
9,32
0,88
12,
454,
822
99,3
13,1
8067
7,11
2,18
1
202,
895,
520
1.65
%87
4.79
2012
233,
651
12,6
29,6
091,
014,
694,
676
2,46
1,37
7
95
,402
,075
696,
661,
487
22
2,63
1,11
41.
76%
952.
8420
1323
6,36
213
,100
,207
1,01
4,03
0,72
32,
631,
050
94,0
61,7
0968
9,77
3,91
4
230,
195,
100
1.76
%97
3.91
2014
238,
706
13,5
35,6
731,
046,
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l Cap
ital O
utla
y57
9,00
0
488,
580
49
8,35
2
508,
319
51
8,48
5
528,
855
To
tal T
rans
fers
12,3
38,8
77
12,7
25,7
27
13,1
48,8
75
13,5
87,4
00
14,0
46,7
28
14,5
18,2
18
Tota
l Oth
er E
xpen
ditu
res
8,41
88,
586
8,75
88,
933
9,11
29,
294
Pay-
As-
You
-Go
Fund
ing
in C
IP3,
079,
375
1,
900,
000
1,
700,
000
1,
550,
000
1,
200,
000
1,
550,
000
Ex
istin
g D
ebt S
ervi
ce39
,073
,289
39
,081
,027
38
,983
,220
38
,432
,566
35
,499
,845
34
,427
,153
Le
ss:
Inte
rest
Ear
ning
s on
Bond
Pro
ceed
s(2
6,79
5)(3
1,82
1)(2
4,81
7)(1
3,05
0)(1
4,36
3)(1
6,12
5)Le
ss:
Build
Am
eric
a Bo
nd S
ubsid
y(1
,478
,620
)
(1,4
78,6
20)
(1
,440
,373
)
(1,3
61,8
64)
(1
,278
,282
)
(1,1
90,1
67)
N
ew D
ebt S
ervi
ce-
1,83
6,08
0
4,45
6,10
6
6,12
4,25
8
7,09
9,36
5
8,79
5,98
5
Exist
ing
Mas
ter L
ease
595,
434
50
8,02
5
679,
154
62
6,38
5
572,
140
46
4,34
8
Tota
l Exp
endi
ture
s83
,673
,059
85
,222
,888
88
,902
,212
91
,091
,777
90
,048
,025
92
,281
,199
Tota
l Exp
endi
ture
s (O
ver)/
Und
er R
even
ues
(2,1
80,0
59)
(9
51,4
20)
(1,2
75,0
78)
45
,355
4,
857,
326
6,
473,
091
Net
Ass
et C
alcu
latio
nA
ppro
pria
ble
Net
Pos
ition
:47
,037
,967
46
,086
,547
44
,811
,469
44
,856
,824
49
,714
,150
56
,187
,241
Le
ss: R
eser
ve fo
r RC
WF
Tran
smiss
ion
Line
- -
- (1
,147
,621
)
(5,2
65,4
06)
(1
1,54
2,65
4)
Le
ss: A
ppro
pria
ble
Net
Pos
ition
Pol
icy
(20,
314,
191)
(20,
885,
653)
(21,
701,
981)
(22,
556,
895)
(23,
448,
789)
(24,
386,
683)
Tot
al A
ppro
pria
ble
Net
Pos
ition
26,7
23,7
76
25
,200
,894
23,1
09,4
88
21
,152
,308
20,9
99,9
56
20
,257
,903
Cov
erag
e1.
251.
251.
231.
261.
391.
43Ba
se ra
te a
s a %
of d
ebt s
ervi
ce62
.78%
58.6
3%55
.61%
54.6
2%57
.68%
57.2
8%
Rat
e A
naly
sis
Dec
embe
rD
ecem
ber
Dec
embe
rD
ecem
ber
Dec
embe
rD
ecem
ber
Base
Rat
e16
.00
16.0
016
.00
16.0
016
.00
16.0
0Ti
er 1
5.16
%4.
00%
4.00
%4.
00%
4.00
%4.
00%
Tier
25.
16%
4.00
%4.
00%
4.00
%4.
00%
4.00
%Ti
er 3
5.16
%4.
00%
4.00
%4.
00%
4.00
%4.
00%
The
prop
osed
rate
stru
ctur
e in
corp
orat
ed in
this
mod
el is
subj
ect t
o ch
ange
dep
endi
ng o
n m
any
varia
bles
. So
me
of th
ese
varia
bles
may
incl
ude:
wat
er v
olum
es, i
nter
est r
ates
, com
mod
itypr
ices
, inf
latio
n ra
tes,
the
oper
atio
nal i
mpa
ct o
f new
faci
litie
s, an
d ch
ange
s in
the
cost
or p
riorit
y of
cap
ital p
roje
cts.
------
------
------
------
------
------
-For
ecas
t-----
------
------
------
------
------
------
77
City of Lubbock, TXFinance Department
Rating Agency PresentationWater Appropriable Net Position Calculation
Current AssetsTotal Current Assets 43,917,073$ Less: Cash Funded Capital Projects (2,142,493) Less: Inventories (260,379)
Total Net Current Assets 41,514,201
Current LiabilitiesAccounts Payable 3,391,953 Less: Accounts Payable Retainage (223.3097) (380,985) Accrued Liabilities 280,304 Customer Deposits 246,423 Due to Other Funds -
Total Current Liabilities 3,537,695
Cashflow CalculationsCurrent Assets Less Current Liabilities 37,976,506 Add: Restricted Cash reserved for Debt Service 11,241,521
Total Available Cash at September 30, 2015 49,218,027$
September 30, 2015Target Net Position Policy 25.00%Target Net Position by Policy 19,191,835$ Available for Reallocation 30,026,192 Percentage of Net Position Policy 256.5%
FY 2015-16 Budget - ReforecastedOperating Revenues 81,256,766$ Non-Operating Revenues 236,233 Expenses (83,673,059)
Revenue Over/(Under) Expenses (2,180,059)
Total Available Cash at September 30, 2016 47,037,967$
Estimated September 30, 2016Target Net Position Policy 25.00%Target Net Position by Policy 20,314,191$ Available for Reallocation 26,723,776 Percentage of Net Position Policy 231.6%
78
Ass
ets
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Cur
rent
Ass
ets:
Cas
h an
d ca
sh e
quiv
alen
ts6,
167,
041
$
12
5,43
8$
24,0
93$
24,9
06$
14,3
62$
923,
353
$
3,
972,
494
$
5,
409,
530
$
5,
812,
646
$
3,
953,
788
$
In
vest
men
ts5,
362,
050
9,
045,
220
2,
950,
033
4,
798,
965
17
,177
,713
35
,568
,944
20
,666
,753
23
,023
,724
29
,081
,891
29
,542
,310
A
ccou
nts r
ecei
vabl
e, (n
et)
4,29
2,45
3
4,90
0,49
0
4,99
8,56
3
7,57
7,09
5
7,64
4,37
3
9,18
9,29
6
8,73
7,59
4
9,77
4,22
7
8,14
7,85
8
10,0
47,5
59
Inte
rest
rece
ivab
le25
,851
54
,896
54
,542
27
,077
5,
580
27
,315
34
,934
54
,299
71
,441
60
,343
D
ue fr
om o
ther
fund
s70
,919
-
- 38
,659
47
,087
58
,305
91
8
3,30
2
2,81
1
3,14
7
Due
from
oth
er g
over
nmen
ts-
33,7
14
33,9
01
80,9
61
2,40
5
22,0
78
40,7
68
43,5
85
62,1
92
49,5
47
Prep
aid
expe
nses
- -
- -
- 19
2,45
0
- -
- -
Inve
ntor
ies
273,
979
22
1,43
0
226,
079
26
4,08
1
296,
165
14
5,43
4
195,
485
16
8,12
9
240,
380
26
0,37
9
Tot
al c
urre
nt a
sset
s16
,192
,293
14
,381
,188
8,
287,
211
12
,811
,744
25
,187
,685
46
,127
,175
33
,648
,946
38
,476
,796
43
,419
,219
43
,917
,073
Res
trict
ed A
sset
s:27
,193
,256
31
,591
,963
68
,834
,543
55
,037
,694
15
6,57
6,95
5
123,
337,
401
91
,438
,003
80
,283
,464
68
,917
,922
50
,040
,557
T
otal
rest
ricte
d as
sets
27,1
93,2
56
31,5
91,9
63
68,8
34,5
43
55,0
37,6
94
156,
576,
955
12
3,33
7,40
1
91,4
38,0
03
80,2
83,4
64
68,9
17,9
22
50,0
40,5
57
Adv
ance
to o
ther
fund
s-
- -
- -
- -
- -
-
Cap
ital A
sset
s:La
nd12
,724
,350
12
,724
,350
12
,724
,350
12
,767
,350
17
,665
,931
19
,062
,367
19
,168
,004
19
,011
,283
19
,082
,390
20
,321
,133
C
onst
ruct
ion
in p
rogr
ess
32,0
78,5
99
19,9
89,4
16
27,6
00,8
24
38,6
33,4
83
47,6
52,1
74
164,
294,
292
6,
748,
127
8,
435,
799
24
,623
,463
9,
846,
184
Bu
ildin
gs21
,640
,589
22
,240
,589
22
,240
,589
25
,073
,351
25
,982
,002
26
,831
,154
74
,237
,247
75
,246
,789
77
,068
,575
79
,404
,060
Im
prov
emen
ts o
ther
than
bui
ldin
gs26
1,57
8,56
1
287,
819,
541
29
1,96
9,45
4
307,
619,
424
33
7,52
9,61
8
342,
769,
467
53
5,57
8,71
1
545,
370,
683
55
2,81
3,31
2
584,
739,
371
M
achi
nery
and
equ
ipm
ent
31,3
42,1
38
33,0
60,0
70
34,6
81,9
32
35,4
26,3
61
35,9
60,4
69
38,1
16,5
54
38,5
37,4
10
39,2
14,5
34
39,0
23,7
02
40,7
25,5
13
Allo
wan
ce fo
r dep
reci
atio
n(9
0,02
4,38
7)
(97,
702,
198)
(1
04,8
98,8
91)
(113
,803
,905
)
(1
22,9
19,2
37)
(133
,610
,420
)
(1
47,9
47,2
46)
(162
,142
,905
)
(1
76,8
30,8
15)
(187
,876
,749
)
N
et p
rope
rty, p
lant
and
equ
ipm
ent
269,
339,
850
27
8,13
1,76
8
284,
318,
258
30
5,71
6,06
4
341,
870,
957
45
7,46
3,41
4
526,
322,
253
52
5,13
6,18
3
535,
780,
627
54
7,15
9,51
2
Tota
l ass
ets
312,
725,
399
32
4,10
4,91
9
361,
440,
012
37
3,56
5,50
2
523,
635,
597
62
6,92
7,99
0
651,
409,
202
64
3,89
6,44
3
648,
117,
768
64
1,11
7,14
2
Def
ferre
d O
utflo
ws o
f Res
ourc
es
Def
erre
d ch
arge
on
refu
ndin
g-
- -
- -
- -
4,22
3,79
8
4,24
6,72
0
5,62
8,52
3
Def
erre
d ou
tflow
s fro
m p
ensio
ns-
- -
- -
- -
- -
1,27
1,85
8
Tota
l def
erre
d ou
tflow
s of r
esou
rces
- -
- -
- -
- 4,
223,
798
4,
246,
720
6,
900,
381
City
of L
ubbo
ck, T
XW
ater
Fun
dB
alan
ce S
heet
For F
isca
l Yea
rs E
nded
Sep
tem
ber 3
0
79
Liab
ilitie
s and
Net
Pos
ition
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Cur
rent
liab
ilitie
s:A
ccou
nts p
ayab
le2,
635,
560
2,
071,
279
2,
402,
156
3,
586,
859
7,
767,
578
21
,295
,903
5,
736,
011
3,
055,
569
7,
585,
991
3,
391,
953
A
crru
ed li
abili
ties
165,
716
27
9,47
5
361,
733
37
9,67
9
344,
454
13
7,98
3
166,
309
19
9,99
4
243,
211
28
0,30
4
Acc
rued
inte
rest
pay
able
1,75
0,10
7
1,09
8,62
1
1,19
3,54
4
1,17
7,31
8
2,14
4,71
8
2,20
7,33
5
2,14
7,65
5
1,89
8,02
5
1,92
5,85
3
1,74
3,97
1
Cus
tom
er d
epos
its58
,710
62
,315
80
,340
11
9,19
2
138,
178
15
0,64
8
175,
368
19
2,31
8
217,
038
24
6,42
3
Leas
es p
ayab
le-
391,
881
67
5,29
0
863,
442
79
3,97
4
726,
638
69
4,87
6
677,
496
57
9,48
1
545,
049
Bo
nds p
ayab
le7,
503,
179
8,
673,
559
10
,350
,270
10
,916
,473
14
,658
,812
19
,160
,073
21
,957
,745
23
,511
,119
24
,339
,888
24
,940
,764
T
otal
cur
rent
liab
ilitie
s12
,113
,272
12
,577
,130
15
,063
,333
17
,042
,963
25
,847
,714
43
,678
,580
30
,877
,964
29
,534
,521
34
,891
,462
31
,148
,464
Lo
ng-te
rm li
abili
ties:
Com
pens
ated
abs
esce
s96
3,96
1
1,04
8,18
7
1,02
2,04
4
1,05
7,08
4
938,
941
92
1,27
8
1,00
1,48
5
1,09
8,58
3
1,18
4,99
6
1,10
8,39
1
Reb
atab
le a
rbitr
age
15,6
69
161,
546
16
3,96
5
67,9
97
27,2
38
- -
- -
- Po
st e
mpl
oym
ent b
enef
its-
- 30
2,77
8
549,
261
95
2,71
9
1,36
9,40
5
2,01
5,38
4
2,71
7,48
2
3,38
7,09
0
4,09
2,29
0
Net
pen
sion
oblig
atio
n-
- -
188,
857
44
3,32
1
705,
368
75
9,72
9
766,
471
77
2,24
0
6,46
4,85
0
Leas
es p
ayab
le1,
020,
101
1,
391,
079
2,
583,
912
2,
971,
037
2,
353,
916
2,
378,
996
1,
980,
043
2,
543,
024
2,
067,
108
1,
976,
406
Bo
nds p
ayab
le14
8,94
8,25
2
158,
246,
275
18
9,84
9,75
1
187,
851,
822
31
4,62
2,01
9
374,
513,
443
39
9,93
6,41
1
382,
014,
188
36
3,04
9,74
6
339,
018,
952
T
otal
long
-term
liab
ilitie
s15
0,94
7,98
3
160,
847,
087
19
3,92
2,45
0
192,
686,
058
31
9,33
8,15
4
379,
888,
490
40
5,69
3,05
2
389,
139,
748
37
0,46
1,18
0
352,
660,
889
To
tal l
iabi
litie
s16
3,06
1,25
5
173,
424,
217
20
8,98
5,78
3
209,
729,
021
34
5,18
5,86
8
423,
567,
070
43
6,57
1,01
6
418,
674,
269
40
5,35
2,64
2
383,
809,
353
Def
erre
d In
flow
s of R
esou
rces
Def
erre
d in
flow
from
pen
sions
- -
- -
- -
- -
- 30
7,48
4
Tota
l def
erre
d in
flow
of r
esou
rces
- -
- -
- -
- -
- 30
7,48
4
Net
pos
ition
Net
inve
stm
ent i
n ca
pita
l ass
ets
132,
649,
091
$
10
9,42
8,97
4$
143,
586,
818
$
15
1,92
4,58
5$
154,
323,
145
$
17
3,91
6,64
7$
180,
966,
096
$
18
9,42
2,77
0$
198,
313,
648
$
21
6,88
6,94
4$
Res
trict
ed fo
r: C
apita
l pro
ject
s-
26,0
63,2
15
- -
- -
- -
- -
D
ebt S
ervi
ce6,
136,
977
5,
525,
055
6,
103,
451
6,
226,
400
11
,696
,047
10
,105
,018
10
,651
,445
11
,474
,848
16
,348
,678
16
,869
,168
U
nres
trict
ed10
,878
,076
9,
663,
458
2,
763,
960
5,
685,
496
12
,430
,537
19
,339
,255
23
,220
,645
28
,548
,354
32
,349
,520
30
,144
,574
Tot
al n
et p
ositi
on14
9,66
4,14
4$
150,
680,
702
$
15
2,45
4,22
9$
163,
836,
481
$
17
8,44
9,72
9$
203,
360,
920
$
21
4,83
8,18
6$
229,
445,
972
$
24
7,01
1,84
6$
263,
900,
686
$
City
of L
ubbo
ck, T
XW
ater
Fun
dB
alan
ce S
heet
For F
isca
l Yea
rs E
nded
Sep
tem
ber 3
0
80
2006
2007
2008
2009
2010
2011
2012
2013
**20
1420
15**
Ope
ratin
g re
venu
es:
Cha
rges
for s
ervi
ces (
net)
37,3
30,9
53$
35
,454
,426
$
42,5
27,4
45$
51
,989
,393
$
59,4
74,5
60$
74
,184
,937
$
73,0
13,4
04$
80
,899
,076
$
78,0
27,1
15$
76
,767
,339
$
Tot
al o
pera
ting
reve
nues
37,3
30,9
53
35,4
54,4
26
42,5
27,4
45
51,9
89,3
93
59,4
74,5
60
74,1
84,9
37
73,0
13,4
04
80,8
99,0
76
78,0
27,1
15
76,7
67,3
39
Ope
ratin
g ex
pens
es:
Pers
onal
serv
ices
5,91
0,86
1
6,
814,
703
7,79
3,45
4
8,
167,
394
7,53
7,07
9
7,
234,
575
8,35
6,43
7
9,
039,
225
9,38
1,55
0
9,
657,
396
Supp
lies
1,21
0,72
9
1,
302,
892
1,67
4,78
4
1,
722,
763
1,43
0,71
9
1,
519,
478
1,46
6,37
9
1,
637,
562
1,63
4,48
8
1,
626,
960
Mai
nten
ance
2,45
8,35
7
1,
839,
067
2,30
9,43
4
2,
563,
885
2,32
2,31
6
2,
945,
359
2,44
4,53
4
2,
529,
098
2,69
9,60
9
2,
898,
762
Col
lect
ion
expe
nse
1,48
2,00
0
-
1,74
2,59
0
1,
828,
144
2,23
2,83
9
2,
471,
010
2,56
6,95
9
2,
566,
959
1,88
4,39
3
1,
904,
524
Oth
er se
rvic
es a
nd c
harg
es9,
658,
448
8,82
4,91
8
10
,023
,600
8,
751,
915
9,05
9,34
2
9,
848,
720
9,93
3,45
3
12
,052
,074
11
,516
,298
11
,352
,243
D
epre
ciat
ion
and
amor
tizat
ion
7,11
8,13
2
8,
146,
118
8,38
7,18
2
9,
448,
855
9,80
1,48
4
11
,158
,299
14
,896
,966
15
,685
,230
15
,882
,250
15
,987
,639
T
otal
ope
ratin
g ex
pens
es27
,838
,527
26
,927
,698
31
,931
,044
32
,482
,956
32
,383
,779
35
,177
,441
39
,664
,728
43
,510
,148
42
,998
,588
43
,427
,524
Ope
ratin
g in
com
e (lo
ss)
9,49
2,42
6
8,
526,
728
10,5
96,4
01
19,5
06,4
37
27,0
90,7
81
39,0
07,4
96
33,3
48,6
76
37,3
88,9
28
35,0
28,5
27
33,3
39,8
15
Non
-ope
ratin
g re
venu
es (e
xpen
ses)
:In
tere
st1,
321,
864
1,46
5,22
8
1,
648,
913
496,
908
29
4,34
4
294,
628
16
3,12
8
133,
002
31
1,55
8
514,
859
D
ispo
sitio
n of
Pro
perti
es(1
10,3
20)
(2
21,9
85)
(6
1,50
5)
(63,
589)
(1
19,7
51)
(3
4,09
2)
76,2
05
120,
077
30
,273
(1
30,0
42)
Fe
dera
l gra
nts
59,2
96
- 19
8,40
0
- -
- -
- -
- M
isce
llane
ous
407,
216
50
3,60
0
338,
045
14
6,95
7
144,
697
16
8,09
6
234,
075
26
6,54
8
335,
100
22
5,52
6
IRS
Bui
ld A
mer
ica
Bon
d Su
bsid
y-
- -
- -
2,44
1,32
7
1,
596,
635
1,52
7,18
2
1,
480,
215
1,47
8,62
0
In
tere
st o
n bo
nds a
nd n
otes
(4,7
75,3
32)
(5
,309
,015
)
(6,6
83,4
56)
(7
,254
,518
)
(7,0
54,2
38)
(1
0,88
0,11
9)
(1
7,69
4,80
5)
(1
5,60
7,82
9)
(1
4,36
9,80
0)
(1
3,58
0,46
1)
T
otal
non
-ope
ratin
g re
venu
es (e
xpen
ses)
(3,0
97,2
76)
(3
,562
,172
)
(4,5
59,6
03)
(6
,674
,242
)
(6,7
34,9
48)
(8
,010
,160
)
(15,
624,
762)
(13,
561,
020)
(12,
212,
654)
(11,
491,
498)
Inco
me
(loss
) bef
ore
oper
atin
g tra
nsfe
rs6,
395,
150
4,96
4,55
6
6,
036,
798
12,8
32,1
95
20,3
55,8
33
30,9
97,3
36
17,7
23,9
14
23,8
27,9
08
22,8
15,8
73
21,8
48,3
17
Cap
ital C
ontri
butio
ns2,
754,
551
3,08
2,55
5
1,
713,
804
4,99
9,56
6
1,
152,
842
1,12
1,76
1
1,
763,
074
2,98
3,59
7
4,
792,
486
9,91
4,36
1
Tr
ansf
ers i
n66
3,22
1
528,
237
40
9,57
4
260,
672
17
8,70
9
129,
025
12
9,38
7
130,
701
-
131,
438
Tr
ansf
ers (
out)
(4,8
74,2
64)
(7
,558
,790
)
(6,3
86,6
49)
(6
,710
,181
)
(7,0
74,1
36)
(7
,336
,931
)
(8,1
39,1
09)
(9
,807
,798
)
(10,
042,
485)
(10,
088,
792)
Cha
nge
in n
et p
ositi
on b
efor
e sp
ecia
l ite
m4,
938,
658
1,01
6,55
8
1,
773,
527
11,3
82,2
52
14,6
13,2
48
24,9
11,1
91
11,4
77,2
66
17,1
34,4
08
17,5
65,8
74
21,8
05,3
24
Ter
min
atio
n of
inte
rest
rate
swap
- -
- -
- -
- -
- -
Cha
nge
in n
et p
ositi
on a
fter s
peci
al it
em4,
938,
658
1,01
6,55
8
1,
773,
527
11,3
82,2
52
14,6
13,2
48
24,9
11,1
91
11,4
77,2
66
17,1
34,4
08
17,5
65,8
74
21,8
05,3
24
Tota
l net
pos
ition
- be
ginn
ing
of y
ear
144,
725,
486
149,
664,
144
150,
680,
702
152,
454,
229
163,
836,
481
178,
449,
729
203,
360,
920
212,
311,
564
229,
445,
972
242,
095,
362
Tota
l net
pos
ition
- en
ding
149,
664,
144
$
150,
680,
702
$
152,
454,
229
$
163,
836,
481
$
178,
449,
729
$
203,
360,
920
$
214,
838,
186
$
229,
445,
972
$
247,
011,
846
$
263,
900,
686
$
**N
et p
ositi
on -
beg
inni
ng o
f yea
r was
rest
ated
City
of L
ubbo
ck, T
XW
ater
Fun
dSt
atem
ent o
f Rev
enue
s, Ex
pens
es, a
nd C
hang
es in
Fun
d N
et P
ositi
onFo
r Fis
cal Y
ears
End
ed S
epte
mbe
r 30
81
Fund
ing
Am
ount
Exp
Oct
ober
Nov
embe
rD
ecem
ber
Proj
ect t
oFu
nds
% F
unds
% o
f Bud
get
Orig
Dat
e of
Clo
sed
Proj
ect N
umbe
r/Nam
eTo
Dat
eA
s of 9
/30/
2015
2015
2015
2015
Dat
e To
tal
Rem
aini
ngR
emai
ning
Spen
tA
ppro
pria
tion
8532
Supp
lem
enta
l Wat
er S
uppl
y fo
r LA
H1,
300,
000
$
1,16
1,32
8
-
19,3
41
4,38
4
1,18
5,05
3
11
4,94
7
8.84
91
.16
9/
13/2
007
8543
Lake
Ala
n H
enry
Rep
airs
/Mai
nten
ance
7,50
5,88
9
4,
057,
664
--
5,75
6
4,06
3,41
9
3,
442,
470
45.8
6
54.1
4
9/11
/200
885
87W
ater
Sys
tem
Mas
ter P
lan
& M
odel
Upd
ate
900,
000
35
8,79
6
--
22,0
31
38
0,82
8
519,
172
57
.69
42
.31
9/
10/2
013
8588
Aqu
ifer S
tora
ge a
nd R
ecov
ery
Eval
uatio
n20
0,00
0
168,
075
-
-31
,425
199,
500
50
0
0.25
99
.75
9/
10/2
013
8598
Bra
ckis
h W
ell F
ield
Eva
luat
ion
200,
000
-
--
- -
200,
000
10
0.00
-
9/11
/201
486
07W
ater
/Was
tew
ater
Rat
e St
ruct
ure
Eval
uatio
n15
0,00
0
- -
--
- 15
0,00
0
100.
00
- 9/
10/2
015
9100
3B
aile
y C
ount
y W
ellfi
eld
Impr
ovem
ents
4,98
5,58
3
3,
633,
463
1,79
1
--
3,63
5,25
5
1,
350,
328
27.0
8
72.9
2
3/24
/200
591
007
Com
preh
ensi
ve W
ater
Lin
e C
hang
eout
s4,
019,
040
2,24
8,64
3
39
6
2,25
4
23
7,67
8
2,48
8,97
1
1,
530,
069
38.0
7
61.9
3
3/24
/200
591
032
Wat
er T
reat
men
t Pla
nt Im
prov
emen
ts15
,402
,000
6,15
7,84
6
47
,538
-
108,
899
6,
314,
283
9,08
7,71
7
59
.00
41
.00
3/
24/2
005
9103
3Pu
mpi
ng S
yste
m Im
prov
emen
ts2,
806,
875
588,
846
48
2
12,6
45
3,27
2
605,
244
2,
201,
631
78.4
4
21.5
6
3/24
/200
591
034
Wat
er L
ine
Rep
lace
men
t3,
194,
000
2,47
5,96
8
76
,120
99
1
- 2,
553,
078
640,
922
20
.07
79
.93
3/
24/2
005
9103
5W
ater
Lin
es A
head
of S
treet
Pav
ings
5,47
2,00
0
3,
526,
683
-7,
616
3,00
1
3,53
7,29
9
1,
934,
701
35.3
6
64.6
4
3/24
/200
591
049
Wat
er M
eter
Rep
lace
men
ts4,
655,
000
4,05
5,72
9
42
,008
-
78,0
39
4,
175,
777
479,
223
10
.29
89
.71
3/
24/2
005
9216
9Ir
rigat
ion
Aut
omat
ion
and
Con
trol S
yste
ms
2,85
7,96
0
2,
088,
136
--
- 2,
088,
136
769,
824
26
.94
73
.06
9/
11/2
008
9225
3Lo
cate
and
Rep
lace
Wat
er V
alve
s2,
250,
000
461,
233
3,
350
7,
253
16,1
41
48
7,97
7
1,76
2,02
3
78
.31
21
.69
9/
16/2
010
9225
5B
CW
F Su
pply
Lin
e/Pu
mpi
ng S
yste
m39
,500
,000
21,0
10,0
85
2,
618
-
126,
301
21
,139
,004
18,3
60,9
96
46
.48
53
.52
4/
14/2
011
9227
9Pu
mp
Stat
ion
Emer
genc
y El
ectri
c G
ener
ator
s7,
500,
000
5,48
5,06
1
24
9,28
2
955
13
,445
5,74
8,74
3
1,
751,
257
23.3
5
76.6
5
9/8/
2011
9228
0LA
H W
ildlif
e M
itiga
tion
Are
a Im
prov
emen
ts25
0,00
0
163,
415
-
--
163,
415
86
,585
34
.63
65
.37
9/
8/20
1192
312
Bai
ley
Cou
nty
Wel
l Fie
ld D
isin
fect
ant S
yste
m4,
000,
000
1,39
3,57
6
18
7,04
9
-11
7,53
8
1,69
8,16
3
2,
301,
837
57.5
5
42.4
5
9/13
/201
292
313
Pum
p St
atio
n D
isin
fect
ion
Syst
em1,
000,
000
25,3
90
--
- 25
,390
97
4,61
0
97.4
6
2.54
9/
13/2
012
9235
3So
uth
Lubb
ock
Wat
er T
reat
men
t Pla
nt E
xp.
1,00
0,00
0
21
,607
-
--
21,6
07
978,
393
97
.84
2.
16
9/10
/201
392
355
Off
ice/
War
ehou
se F
acili
ty R
epla
cem
ent
1,25
0,00
0
64
0,94
5
20,1
30
39,8
80
- 70
0,95
4
549,
046
43
.92
56
.08
9/
10/2
013
9239
6B
aile
y C
ount
y W
ell F
ield
Dat
a R
adio
s65
0,00
0
166
-
--
166
64
9,83
4
99.9
7
0.03
9/
11/2
014
9239
7Pu
mp
Stat
ion
101,
000,
000
156,
841
-
29,2
50
22,5
22
20
8,61
3
791,
387
79
.14
20
.86
9/
11/2
014
9239
8W
ater
Veh
icle
Rep
lace
men
ts32
2,21
9
162,
258
49
,612
6,
395
- 21
8,26
5
103,
954
32
.26
67
.74
9/
11/2
014
9242
4W
ater
Veh
icle
Rep
lace
men
t FY
201
5-16
929,
375
-
--
- -
929,
375
10
0.00
-
9/10
/201
5To
tal
113,
299,
941
$
60
,041
,753
680,
377
12
6,58
0
79
0,43
1
61,6
39,1
41
51
,660
,800
45.6
0
54.4
0
As o
f Dec
embe
r 31
, 201
5
City
of L
ubbo
ck, T
XFi
nanc
e D
epar
tmen
t
Wat
er C
apita
l Pro
ject
sR
atin
g A
genc
ies P
rese
ntat
ion
82
City of Lubbock, TXWater Department
Rating Agencies PresentationMonthly Water Use Report
December 31, 2015
FISCAL FISCAL FISCAL CURRENT5-YEAR YEAR YEAR YEAR FISCAL
AVERAGE 2012-13 2013-14 2014-15 YEARMONTHLY INFORMATION
Water Use - Gallons 840,869,040 869,217,200 855,398,000 770,109,000 832,598,000
Gallons Per Capita Daily 114 118 115 102 109
Peak Day - Gallons 33,381,000 33,727,000 33,065,000 30,751,000 31,974,000
YEAR TO DATE INFORMATION
Water Supplied From CRMWA - Gallons 1,898,524,720 1,871,734,400 1,971,916,200 1,810,489,000 1,905,232,000
Water Supplied From Bailey County - Gallons 731,012,480 872,116,800 555,686,600 324,702,000 536,208,000
Water Supplied From Lake Alan Henry - Gallons 182,889,600 151,488,000 356,510,000 406,450,000 247,000,000
Total Water Usage - Gallons 2,812,426,800 2,895,339,200 2,884,112,800 2,541,641,000 2,688,440,000
Total Water Usage - Billion Gallons (Bg) 2.812 2.895 2.884 2.542 2.688
Total Water Usage - Acre Feet (Af) 8,631 8,885 8,851 7,800 8,251
Gallons Per Capita Daily 128 132 131 114 119 Lubbock Plus Wholesale Population Served 238,404 238,478 239,535 242,843 245,459 Current Fiscal Year Minus Fiscal Year 2014-15 - Gallons 146,799,000
Current Fiscal Year To Fiscal Year 2014-15 Percentage 105.8%
Current Fiscal Year Minus Fiscal Year 2013-14 - Gallons (195,672,800)
Current Fiscal Year To Fiscal Year 2013-14 Percentage 93.2%
Current Fiscal Year Minus Fiscal Year 2012-13 - Gallons (206,899,200)
Current Fiscal Year To Fiscal Year 2012-13 Average Percentage 92.9%
Current Fiscal Year Minus 5-Year Average - Gallons (123,986,800)
Current Fiscal Year To 5-Year Average Percentage 95.6%
700,000,000
900,000,000
1,100,000,000
1,300,000,000
1,500,000,000
1,700,000,000
1,900,000,000
OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP
GA
LL
ON
S
MONTH
MONTHLY WATER USAGE TREND(THIS CHART IS UPDATED MONTHLY)
FISCAL YEAR 2012-13 FISCAL YEAR 2013-14 FISCAL YEAR 2014-15 CURRENT FISCAL YEAR 5-YEAR AVERAGE
0
100,000,000
200,000,000
300,000,000
400,000,000
500,000,000
600,000,000
700,000,000
800,000,000
900,000,000
GA
LL
ON
S
THIS MONTH WATER USAGE
5-YEAR AVERAGE FISCAL YEAR 2012-13 FISCAL YEAR 2013-14
FISCAL YEAR 2014-15 CURRENT FISCAL YEAR
0
500,000,000
1,000,000,000
1,500,000,000
2,000,000,000
2,500,000,000
3,000,000,000
GA
LL
ON
S
FISCAL YEAR TO DATE WATER USAGE
5-YEAR AVERAGE FISCAL YEAR 2012-13FISCAL YEAR 2013-14 FISCAL YEAR 2014-15CURRENT FISCAL YEAR
83
0102030405060708090
0102030405060708090
12
34
56
78
910
1112
1314
1516
1718
1920
2122
2324
2526
2728
2930
31
DAILY USAGE IN MILLION GALLONS
DA
TE
CR
MW
A W
ATE
R SU
PPLY
BC
WF
WA
TER
SU
PPLY
LAK
E A
LAN
HEN
RY
SU
PPLY
TOTA
L M
AX
IMU
M S
UPP
LY A
VA
ILA
BLE
DA
ILY
WA
TE
R U
SAG
E V
S. M
AX
IMU
M D
AIL
Y W
AT
ER
AV
AIL
AB
LE
Dec
embe
r20
15
84
0.00
10.0
0
20.0
0
30.0
0
40.0
0
50.0
0
60.0
0
70.0
0
80.0
0
90.0
0
100.
00
0102030405060708090100
FEET
Wat
er D
epth
Fro
m L
owes
t Gat
e To
Stre
ambe
d (F
eet)
Wat
er D
epth
To
Low
est G
ate
(Fee
t)C
rest
of S
pillw
ay (F
eet)
LA
KE
AL
AN
HE
NR
Y W
AT
ER
LE
VE
LD
ecem
ber
2015
85
6,000,000,000
7,000,000,000
8,000,000,000
9,000,000,000
10,000,000,000
11,000,000,000
12,000,000,000
13,000,000,000
14,000,000,000
15,000,000,000
16,000,000,000
2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17
ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL PROJECTED PROJECTED
GA
LL
ON
S
FISCAL YEAR
WATER SUPPLY SOURCES
CRMWA SUPPLY BAILEY COUNTY WELL FIELD SUPPLY LAKE ALAN HENRY SUPPLY
0
5
10
15
20
25
30
35
40
45
50
55
60
65
70
75
80
85
90
95
6,000,000,000
7,000,000,000
8,000,000,000
9,000,000,000
10,000,000,000
11,000,000,000
12,000,000,000
13,000,000,000
14,000,000,000
15,000,000,000
16,000,000,000
2010-11 2011-12 2012-13 2013-14 2014-15 2015-16
ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL PROJECTED
INC
HES
AN
D D
EG F
GA
LL
ON
S
ANNUAL USAGE VS RAINFALL VS MAXIMUM AVERAGE TEMPERATURE
ANNUAL WATER USAGE RAINFALL (INCHES) MAXIMUM AVERAGE TEMPERATURE (DEG. F)
86
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
200,000
205,000
210,000
215,000
220,000
225,000
230,000
235,000
240,000
245,000
250,000
2010-11 2011-12 2012-13 2013-14 2014-15 2015-16
ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL PROJECTED
GA
LL
ON
S
POPU
LA
TIO
N
ANNUAL WATER USAGE PER CAPITA COMPARED TO POPULATION
POPULATION ANNUAL WATER USAGE PER CAPITA
$0.00
$1.00
$2.00
$3.00
$4.00
$5.00
$6.00
$7.00
$8.00
$9.00
$10.00
DO
LLA
RS
PER
1,0
00 G
ALL
ON
S
WATER SUPPLY COST
LAH WATER COST COMBINED WATER SUPPLY COST CRMWA WATER COST BCWF WATER COST
87
City
of L
ubbo
ck, T
XFi
nanc
e D
epar
tmen
tR
atin
g A
genc
y Pr
esen
tatio
nW
aste
wat
er R
ate
Mod
el
Ado
pted
FY 2
015-
16FY
201
6-17
FY 2
017-
18FY
201
8-19
FY 2
019-
20FY
202
0-21
Rev
enue
sLi
cens
e an
d Pe
rmits
6,30
0
6,
489
6,68
4
6,
884
7,09
1
7,
303
Ente
rpris
e Fu
nd F
ees
373,
000
38
0,46
0
388,
069
39
5,83
1
403,
747
41
1,82
2
In
tere
st R
even
ues
-
11
1,32
6
140,
969
19
5,07
6
248,
130
34
8,43
5
R
even
ue F
rom
Jun
k Sa
les
25,0
00
25
,000
25,0
00
25
,000
25,0
00
25
,000
R
even
ue F
rom
Met
ered
Ser
vice
s37
,160
,647
41
,378
,321
44
,068
,234
44
,833
,122
45
,282
,336
45
,736
,052
R
even
ue fr
om D
ept O
pera
tions
1,12
3,50
0
1,
135,
570
1,14
7,77
7
1,
160,
124
1,17
2,61
1
1,
185,
241
Tr
ansf
ers F
rom
Oth
er F
unds
59,5
00
60
,690
61,9
04
63
,142
64,4
05
65
,693
O
ther
Rev
enue
-
-
-
-
-
-
T
otal
Fun
ding
Sou
rces
38,7
47,9
47
43
,097
,856
45,8
38,6
37
46
,679
,178
47,2
03,3
21
47
,779
,546
Expe
nditu
res
Tota
l Sal
arie
s3,
470,
418
3,
539,
826
3,
610,
623
3,
682,
835
3,
756,
492
3,
831,
622
To
tal B
enef
its1,
671,
603
1,
765,
411
1,
867,
132
1,
977,
530
2,
097,
441
2,
227,
786
To
tal S
uppl
ies
980,
997
1,00
0,61
6
1,02
0,62
9
1,04
1,04
1
1,06
1,86
2
1,08
3,09
9
Tota
l Mai
nten
ance
1,24
8,17
2
1,
273,
136
1,29
8,59
9
1,
324,
571
1,35
1,06
2
1,
378,
083
To
tal P
rofe
ssio
nal S
ervi
ces /
Tra
inin
g74
9,87
1
764,
868
78
0,16
6
795,
769
81
1,68
4
827,
918
Tota
l Oth
er C
harg
es84
,634
86
,327
88
,053
89
,814
91
,611
93
,443
Tota
l Sch
edul
ed C
harg
es3,
996,
941
4,
053,
947
4,
111,
841
4,
170,
638
4,
230,
355
4,
291,
005
To
tal C
apita
l Out
lay
182,
500
186,
150
189,
873
193,
670
197,
544
201,
495
Tota
l Bon
d A
djus
tmen
ts a
nd C
harg
es6,
499
6,
629
6,
762
6,
897
7,
035
7,
175
To
tal R
eim
burs
emen
ts-
-
-
-
-
-
Tota
l Tra
nsfe
rs5,
779,
784
6,
112,
551
6,
368,
320
6,
532,
639
6,
684,
806
6,
843,
357
To
tal O
ther
Exp
endi
ture
s-
-
-
-
-
-
Pay-
As-
You
-Go
Fund
ing
in C
IP41
6,26
4
30
0,00
0
55
0,00
0
80
0,00
0
80
0,00
0
30
0,00
0
Ex
istin
g D
ebt S
ervi
ce22
,573
,607
22,5
78,3
55
21
,739
, 080
21,8
88,4
75
21
,762
,316
21,3
98,1
32
Le
ss:
Inte
rest
Ear
ning
s on
Bon
d Pr
ocee
ds(7
0,99
6)
(4
9,13
1)
(2
6,89
0)
(3
,075
)
(6,5
00)
(2
7,00
0)
Le
ss:
Bui
ld A
mer
ica
Bon
d Su
bsid
y(4
7,77
5)
(4
7,77
5)
(4
5,87
8)
(4
1,97
7)
(3
7,82
8)
(3
4,38
8)
To
tal N
ew D
ebt S
ervi
ce-
1,
677,
283
2,
054,
148
2,
449,
659
2,
685,
466
3,
160,
830
To
tal E
xist
ing
Mas
ter L
ease
534,
911
596,
216
717,
031
834,
755
830,
254
763,
388
Tota
l Exp
endi
ture
s41
,577
,430
43,8
44,4
09
44
,329
,488
45,7
43,2
43
46
,323
,600
46,3
45,9
46
Tota
l Exp
endi
ture
s (O
ver)
/Und
er R
even
ues
(2,8
29,4
83)
(7
46,5
53)
1,50
9,15
0
935,
935
879,
721
1,43
3,60
1
Net
Ass
et C
alcu
latio
nA
ppro
pria
ble
Net
Pos
ition
14,8
43,4
97
14
,096
,944
15,6
06,0
94
16
,542
,030
17,4
21,7
50
18
,855
,351
Less
: App
ropr
iabl
e N
et P
ositi
on P
olic
y(9
,665
,862
)
(10,
725,
210)
(11,
402,
691)
(11,
598,
990)
(11,
716,
446)
(11,
835,
105)
T
otal
App
ropr
iabl
e N
et P
ositi
on5,
177,
635
3,
371,
734
4,
203,
403
4,
943,
039
5,
705,
304
7,
020,
246
Cov
erag
e1.
16
1.
19
1.
31
1.
28
1.
29
1.
38
Bas
e ra
te a
s a %
of d
ebt s
ervi
ce71
.92%
76.2
4%79
.98%
78.1
9%78
.62%
79.0
5%
Rat
e A
naly
sisD
ecem
ber
Dec
embe
rD
ecem
ber
Dec
embe
rD
ecem
ber
Dec
embe
rB
ase
Rat
e16
.00
18
.00
18
.00
18
.00
18
.00
18
.00
V
olum
e C
harg
e8.
75%
8.75
%8.
75%
0.00
%0.
00%
0.00
%
----
----
----
----
----
----
----
----
----
----
----
----
----
----
---F
orec
ast-
----
----
----
----
----
----
----
----
----
----
----
----
----
---
88
City of Lubbock, TXFinance Department
Rating Agency Presentation Wastewater Appropriable Net Asset Calculation
Current AssetsTotal Current Assets 15,082,891$ Less: Cash Funded Capital Projects (3,007,045)
Total Net Current Assets 12,075,846
Current LiabilitiesAccounts Payable 12,663,500 Less: Capital Not Drawn Down (11,682,304) Accrued Liabilities 147,725 Accrued Interest Payable - Customer Deposits - Due to Other Funds -
Total Current Liabilities 1,128,921
Cashflow CalculationsCurrent Assets Less Current Liabilities 10,946,925 Add: Restricted Cash Reserved for Debt Service 7,986,928
Total Available Cash at September 30, 2015 18,933,853
September 30, 2015Target Net Assets Policy 25.00%Target Net Assets by Policy 8,740,403$ Available for Reallocation 10,193,450 Percentage of Net Asset Policy 216.6%
FY 2015-16 BudgetRevenues 38,663,447 Non-Operating Revenues 84,500 Expenses (41,577,430)
Revenue Over/(Under) Expenditures (2,829,483)
Total Available Cash at September 30, 2016 16,104,370
Estimated September 30, 2016Target Net Assets Policy 25.00%Target Net Assets by Policy 9,665,862$ Available for Reallocation 6,438,508 Percentage of Net Asset Policy 166.6%
Note: 1. Revenue Over/(Under) Expenditures is inclued in Budgeted Use of Available Cash Line2. Revenue over expenditures shows as a negative in the budgeted use of available cash line
89
Ass
ets
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Cur
rent
Ass
ets:
Cas
h an
d ca
sh e
quiv
alen
ts4,
990,
325
$
11
3,87
0$
60,4
67$
37,6
08$
17,4
20$
925,
414
$
2,
019,
182
$
2,
715,
306
$
2,
339,
231
$
1,
307,
452
$
In
vest
men
ts4,
338,
932
8,
211,
077
7,
403,
649
7,
246,
505
9,
824,
014
10
,734
,986
10
,504
,721
11
,556
,723
11
,703
,665
9,
769,
155
A
ccou
nts r
ecei
vabl
e, (n
et)
2,25
7,67
4
2,34
9,33
7
2,29
7,83
4
3,06
9,47
8
2,95
3,82
9
3,20
0,12
8
3,29
1,53
9
3,50
1,03
4
3,38
1,42
3
3,86
9,72
9
Inte
rest
rece
ivab
le17
,612
58
,956
16
5,33
0
58,3
84
4,23
5
3,00
0
5,92
5
37,6
38
68,2
99
84,5
73
Due
from
oth
er g
over
nmen
ts-
118,
296
16
1,95
8
19,2
14
47,4
01
69,3
68
71,3
88
61,6
48
124,
526
-
Due
from
oth
er fu
nds
145,
322
-
- 41
1,05
6
68,3
99
29,3
77
39,9
17
2,21
6
98,2
53
51,9
82
Tot
al c
urre
nt a
sset
s11
,749
,865
10
,851
,536
10
,089
,238
10
,842
,245
12
,915
,298
14
,962
,273
15
,932
,672
17
,874
,565
17
,715
,397
15
,082
,891
Res
trict
ed A
sset
s:19
,396
,489
16
,592
,638
65
,862
,511
39
,012
,371
24
,569
,486
60
,953
,267
48
,607
,853
67
,187
,048
91
,554
,366
12
5,00
6,28
9
Tot
al re
stric
ted
asse
ts19
,396
,489
16
,592
,638
65
,862
,511
39
,012
,371
24
,569
,486
60
,953
,267
48
,607
,853
67
,187
,048
91
,554
,366
12
5,00
6,28
9
Cap
ital A
sset
s:La
nd12
,578
,775
12
,578
,774
12
,578
,774
12
,593
,774
12
,935
,722
12
,976
,784
13
,070
,718
13
,180
,650
16
,676
,067
16
,842
,159
C
onst
ruct
ion
in p
rogr
ess
8,37
7,60
3
11,1
70,8
84
21,6
54,1
74
38,6
41,8
76
56,3
30,0
26
69,8
22,0
00
35,9
47,3
93
50,6
62,8
68
33,3
82,9
56
84,1
87,8
28
Build
ings
24,0
13,1
70
24,0
13,1
70
24,0
18,8
14
24,0
59,4
40
24,0
59,4
40
24,0
59,4
40
25,0
73,9
78
25,3
35,1
24
25,6
04,8
19
26,2
23,5
05
Impr
ovem
ents
oth
er th
an b
uild
ings
114,
818,
170
12
3,29
2,69
6
127,
470,
376
14
1,79
1,56
8
145,
302,
080
14
8,48
9,01
7
193,
651,
029
19
8,52
5,07
0
217,
681,
499
22
7,56
2,51
6
Mac
hine
ry a
nd e
quip
men
t17
,684
,958
17
,565
,261
18
,054
,744
18
,320
,717
18
,761
,888
19
,242
,691
30
,103
,386
26
,889
,252
38
,030
,483
39
,126
,272
A
llow
ance
for d
epre
ciat
ion
(63,
919,
720)
(6
8,60
7,59
5)
(73,
516,
931)
(7
8,74
3,13
9)
(83,
831,
670)
(8
8,82
4,03
9)
(94,
255,
123)
(9
6,46
4,40
1)
(103
,017
,691
)
(1
11,3
97,1
11)
Net
pro
perty
, pla
nt a
nd e
quip
men
t11
3,55
2,95
6
120,
013,
190
13
0,25
9,95
1
156,
664,
236
17
3,55
7,48
6
185,
765,
893
20
3,59
1,38
1
218,
128,
563
22
8,35
8,13
3
282,
545,
169
Tota
l ass
ets
144,
699,
310
14
7,45
7,36
4
206,
211,
700
20
6,51
8,85
2
211,
042,
270
26
1,68
1,43
3
268,
131,
906
30
3,19
0,17
6
337,
627,
896
42
2,63
4,34
9
Def
ferre
d O
utflo
ws o
f Res
ourc
es
Def
erre
d ch
arge
on
refu
ndin
g-
- -
- -
- -
478,
830
90
5,90
9
2,46
8,31
3
Def
erre
d ou
tflow
s fro
m p
ensio
ns-
- -
- -
- -
- -
631,
594
Tota
l def
erre
d ou
tflow
s of r
esou
rces
- -
- -
- -
- 47
8,83
0
905,
909
3,
099,
907
City
of L
ubbo
ck, T
XW
aste
wat
er F
und
Bal
ance
She
etFo
r Fisc
al Y
ears
End
ed S
epte
mbe
r 30
90
Liab
ilitie
s and
Net
Pos
ition
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Cur
rent
liab
ilitie
s:A
ccou
nts p
ayab
le1,
066,
886
1,
361,
699
2,
760,
545
1,
863,
040
2,
355,
350
3,
423,
204
2,
966,
817
1,
267,
873
4,
964,
812
12
,663
,500
A
ccru
ed li
abili
ties
129,
143
17
5,69
9
200,
251
21
0,05
5
232,
466
99
,667
81
,676
11
2,16
7
128,
067
14
7,72
5
Acc
rued
inte
rest
pay
able
473,
697
35
7,31
1
654,
239
65
7,48
2
593,
360
1,
052,
726
83
2,81
5
923,
410
1,
466,
274
1,
756,
567
Le
ase
paya
ble
509,
081
36
4,07
1
473,
734
52
8,87
0
433,
453
20
5,51
7
305,
629
45
0,90
4
441,
025
46
4,58
8
Bond
s pay
able
4,46
0,68
8
4,81
4,66
3
6,62
0,94
2
6,25
2,63
6
6,71
7,24
8
7,64
4,11
3
8,73
3,34
6
9,89
9,41
2
9,56
3,23
9
10,8
48,1
46
Tot
al c
urre
nt li
abili
ties
6,63
9,49
5
7,07
3,44
3
10,7
09,7
11
9,51
2,08
3
10,3
31,8
77
12,4
25,2
27
12,9
20,2
83
12,6
53,7
66
16,5
63,4
17
25,8
80,5
26
Long
-term
liab
ilitie
s:C
ompe
nsat
ed a
bsen
ces
479,
164
50
4,54
0
499,
231
52
9,59
4
554,
789
56
6,77
3
526,
395
56
1,02
2
536,
238
53
2,06
0
Reb
atab
le a
rbitr
age
31,8
06
183,
482
18
4,35
1
97,1
52
54,4
75
- -
- -
- Po
st e
mpl
oym
ent b
enef
its-
- 13
0,08
2
244,
856
45
2,98
9
635,
116
90
4,63
0
1,26
4,79
8
1,57
5,53
1
1,86
7,49
3
Net
pen
sion
oblig
atio
n-
- -
103,
402
26
2,79
1
441,
461
47
7,47
2
481,
052
48
4,13
0
3,21
0,39
1
Leas
es p
ayab
le1,
187,
000
1,
001,
256
1,
114,
259
90
0,17
4
623,
281
98
7,40
1
1,66
7,53
2
2,32
7,56
0
2,27
9,67
2
2,28
7,92
4
Bond
s pay
able
54,3
15,1
10
54,0
75,1
35
106,
454,
669
99
,814
,731
97
,118
,616
13
4,92
1,26
0
135,
512,
921
16
1,22
8,19
5
193,
539,
869
25
7,23
6,98
6
Tot
al lo
ng-te
rm li
abili
ties
56,0
13,0
80
55,7
64,4
13
108,
382,
592
10
1,68
9,90
9
99,0
66,9
41
137,
552,
011
13
9,08
8,95
0
165,
862,
627
19
8,41
5,44
0
265,
134,
854
To
tal l
iabi
litie
s62
,652
,575
62
,837
,856
11
9,09
2,30
3
111,
201,
992
10
9,39
8,81
8
149,
977,
238
15
2,00
9,23
3
178,
516,
393
21
4,97
8,85
7
291,
015,
380
Def
erre
d In
flow
s of R
esou
rces
Def
erre
d in
flow
from
pen
sions
- -
- -
- -
- -
- 15
2,69
4
Tota
l def
erre
d in
flow
of r
esou
rces
- -
- -
- -
- -
- 15
2,69
4
Net
pos
ition
Net
inve
stm
ent i
n ca
pita
l ass
ets
69,5
16,4
62$
59,7
58,0
65$
76,7
84,5
10$
84,0
68,3
87$
88,9
60,5
90$
97,2
42,5
50$
100,
492,
309
$
10
5,31
8,44
0$
107,
435,
685
$
11
9,51
2,89
5$
Res
trict
ed fo
r: C
apita
l pro
ject
s-
13,5
82,1
76
- -
- -
-
-
-
-
D
ebt S
ervi
ce2,
937,
014
3,
008,
905
4,
506,
302
4,
111,
808
4,
273,
783
5,
718,
319
5,
487,
497
6,
569,
930
6,
653,
009
7,
986,
928
U
nres
trict
ed9,
593,
259
8,
270,
362
5,
828,
585
7,
136,
665
8,
409,
079
8,
743,
326
10
,142
,867
13
,264
,243
9,
466,
254
7,
066,
359
T
otal
net
pos
ition
82,0
46,7
35$
84,6
19,5
08$
87,1
19,3
97$
95,3
16,8
60$
101,
643,
452
$
11
1,70
4,19
5$
116,
122,
673
$
12
5,15
2,61
3$
123,
554,
948
$
13
4,56
6,18
2$
City
of L
ubbo
ck, T
XW
aste
wat
er F
und
Bal
ance
She
etFo
r Fisc
al Y
ears
End
ed S
epte
mbe
r 30
91
2006
2007
2008
2009
2010
2011
2012
2013
**20
1420
15**
Ope
ratin
g re
venu
es:
Cha
rges
for s
ervi
ces (
net)
21,0
87,3
64$
19
,841
,503
$
21,0
95,7
45$
24
,479
,551
$
26,7
20,7
57$
29
,942
,844
$
31,6
26,5
39$
33
,578
,597
$
33,7
03,9
45$
34
,961
,611
$
Tot
al o
pera
ting
reve
nues
21,0
87,3
64
19
,841
,503
21,0
95,7
45
24
,479
,551
26,7
20,7
57
29
,942
,844
31,6
26,5
39
33
,578
,597
33,7
03,9
45
34
,961
,611
Ope
ratin
g ex
pens
es:
Pers
onal
serv
ices
3,81
6,41
4
3,93
0,39
7
4,12
0,42
2
3,99
8,14
5
4,27
0,92
2
4,33
2,36
6
4,42
7,65
4
4,68
1,02
4
4,77
2,84
6
4,70
1,54
9
Supp
lies
972,
075
911,
261
1,02
8,57
2
950,
832
852,
697
814,
666
1,02
6,95
8
899,
321
840,
080
825,
025
Mai
nten
ance
1,17
6,30
2
1,44
6,73
5
1,29
0,05
0
1,35
5,28
2
1,22
5,65
3
1,26
1,49
4
1,28
4,67
4
1,01
7,27
9
1,11
1,41
4
1,30
2,61
2
Col
lect
ion
expe
nse
926,
172
- 1,
074,
669
1,
127,
431
1,
145,
930
1,
106,
857
1,
150,
915
1,
150,
915
1,
884,
393
1,
904,
524
O
ther
serv
ices
and
cha
rges
6,88
7,39
4
4,41
5,13
9
4,19
1,44
3
3,70
6,99
3
3,68
5,76
6
3,73
2,76
9
6,18
0,78
9
4,02
5,73
4
6,09
8,69
5
4,69
8,80
1
Dep
reci
atio
n an
d am
ortiz
atio
n5,
462,
027
5,
441,
892
5,
432,
048
5,
371,
971
5,
494,
099
5,
163,
373
6,
837,
420
6,
783,
000
7,
258,
311
8,
475,
569
T
otal
ope
ratin
g ex
pens
es19
,240
,384
16,1
45,4
24
17
,137
,204
16,5
10,6
54
16
,675
,067
16,4
11,5
25
20
,908
,410
18,5
57,2
73
21
,965
,739
21,9
08,0
80
Ope
ratin
g in
com
e (lo
ss)
1,84
6,98
0
3,69
6,07
9
3,95
8,54
1
7,96
8,89
7
10,0
45,6
90
13
,531
,319
10,7
18,1
29
15
,021
,324
11,7
38,2
06
13
,053
,531
Non
-ope
ratin
g re
venu
es (e
xpen
ses)
:In
tere
st84
4,02
0
1,
167,
249
1,
837,
589
1,
013,
252
1,
676
48
,384
82
,691
28
,719
14
5,27
2
25
3,74
4
Fe
dera
l gra
nts
- -
- 28
,870
47
,401
11
6,49
7
93
,881
21
,986
46
1,16
6
-
Dis
posi
tion
of P
rope
rties
92,2
21
84,2
86
9,39
3
7,67
0
21,1
77
9,19
7
(62,
527)
(286
,989
)
16
1,00
6
61
,252
M
isce
llane
ous
128,
000
289,
910
107,
762
106,
160
78,8
68
79,5
86
84,2
53
72,9
87
87,1
85
97,3
35
IRS
Bui
ld A
mer
ica
Bon
d Su
bsid
y-
- -
- -
78,8
81
49,3
62
47,2
15
47,8
27
47,7
75
Inte
rest
on
bond
s and
not
es(2
,064
,305
)
(2,1
85,4
55)
(2
,022
,380
)
(2,5
71,3
31)
(1
,926
,806
)
(1,4
61,5
95)
(4
,717
,852
)
(3,9
60,0
62)
(4
,802
,791
)
(4,2
01,2
86)
T
otal
non
-ope
ratin
g re
venu
es (e
xpen
ses)
(1,0
00,0
64)
(6
44,0
10)
(67,
636)
(1,4
15,3
79)
(1
,777
,684
)
(1,1
29,0
50)
(4
,470
,192
)
(4,0
76,1
44)
(3
,900
,335
)
(3,7
41,1
80)
Inc
ome
(loss
) bef
ore
oper
atin
g tra
nsfe
rs84
6,91
6
3,
052,
069
3,
890,
905
6,
553,
518
8,
268,
006
12
,402
,269
6,24
7,93
7
10,9
45,1
80
7,
837,
871
9,
312,
351
Cap
ital C
ontri
butio
ns3,
808,
242
3,
031,
530
1,
672,
990
4,
641,
995
1,
085,
816
95
5,99
1
1,
630,
578
3,
017,
439
3,
079,
260
8,
248,
178
Tr
ansf
ers i
n62
0,23
8
37
0,70
7
30
,344
-
128,
754
53,5
09
88,5
62
84,2
94
78,8
70
59,3
88
Tran
sfer
s (ou
t)(2
,623
,397
)
(3,8
81,5
33)
(3
,094
,350
)
(2,9
98,0
50)
(3
,155
,984
)
(3,3
51,0
26)
(3
,548
,599
)
(3,9
73,4
10)
(1
2,59
3,66
6)
(4
,267
,840
)
Cha
nge
in n
et p
ositi
on2,
651,
999
2,
572,
773
2,
499,
889
8,
197,
463
6,
326,
592
10
,060
,743
4,41
8,47
8
10,0
73,5
03
(1
,597
,665
)
13,3
52,0
77
To
tal n
et p
ositi
on -
begi
nnin
g of
yea
r79
,394
,736
82,0
46,7
35
84
,619
,508
87,1
19,3
97
95
,316
,860
101,
643,
452
111,
704,
195
115,
079,
110
125,
152,
613
121,
214,
105
Tota
l net
pos
ition
- en
ding
82,0
46,7
35$
84
,619
,508
$
87,1
19,3
97$
95
,316
,860
$
101,
643,
452
$
111,
704,
195
$
116,
122,
673
$
125,
152,
613
$
123,
554,
948
$
134,
566,
182
$
**N
et p
ositi
on -
beg
inni
ng o
f yea
r was
rest
ated
For F
isca
l Yea
rs E
nded
Sep
tem
ber 3
0St
atem
ent o
f Rev
enue
s, Ex
pens
es, a
nd C
hang
es in
Fun
d N
et P
ositi
onW
aste
wat
er F
und
City
of L
ubbo
ck, T
X
92
Fund
ing
Am
ount
Exp
Oct
ober
Nov
embe
rD
ecem
ber
Proj
ect t
oFu
nds
% F
unds
% o
f Bud
get
Orig
Dat
e of
Clo
sed
Proj
ect N
umbe
r/Nam
eTo
Dat
eA
s of 9
/30/
2015
2015
2015
2015
Dat
e To
tal
Rem
aini
ngR
emai
ning
Spen
tA
ppro
pria
tion
8531
Land
App
licat
ion
Opt
imiz
atio
n40
0,00
0$
399,
669
-
--
399,
669
33
1
0.08
99
.92
9/
16/2
010
10/7
/201
585
55Sa
nita
ry S
ewer
Man
hole
Adj
ustm
ents
500,
000
27
0,85
1
5,51
8
4,94
8
3,
778
28
5,09
5
214,
905
42
.98
57
.02
8/
27/2
009
8579
Was
tew
ater
Dire
ct R
euse
Eva
luta
ion
300,
000
51
,984
4,
715
-
19,5
95
76
,294
22
3,70
6
74.5
7
25.4
3
9/13
/201
285
97W
aste
wat
er In
dire
ct R
euse
Eva
luta
ion
250,
000
-
4,71
5
-19
,595
24,3
10
225,
690
90
.28
9.
72
9/11
/201
490
346
Lift
Stat
ion
Reh
ab2,
085,
000
1,06
7,03
1
26
6
-22
4
1,06
7,52
2
1,
017,
478
48.8
0
51.2
0
9/18
/200
391
038
Sew
er L
ine
Rep
lace
men
t2,
430,
000
1,20
9,19
9
-
--
1,20
9,19
9
1,
220,
801
50.2
4
49.7
6
3/24
/200
591
039
Sew
er L
ines
Ahe
ad o
f Stre
et P
avin
g3,
885,
000
2,73
9,28
9
-
-75
3
2,74
0,04
2
1,
144,
958
29.4
7
70.5
3
3/24
/200
591
040
Sew
er T
ap R
epla
cem
ents
5,28
5,00
0
4,
797,
315
39,9
16
46,7
42
43,0
08
4,
926,
981
358,
019
6.
77
93.2
3
3/24
/200
591
042
Wat
er R
ecla
mat
ion
Plan
t Rep
lace
men
ts4,
425,
000
3,40
4,97
7
35
,736
49
,916
17
2,77
7
3,66
3,40
6
76
1,59
4
17.2
1
82.7
9
3/24
/200
591
083
Land
App
licat
ion
Prod
uctio
n an
d M
onito
ring
Wel
ls1,
250,
000
770,
480
-
--
770,
480
47
9,52
0
38.3
6
61.6
4
9/8/
2005
9217
8So
uth
Lubb
ock
Sani
tary
Sew
er S
yste
m E
xpan
sion
26,8
04,8
34
22
,959
,772
494
30
4,67
5
23
7,75
3
23,5
02,6
94
3,
302,
140
12.3
2
87.6
8
9/11
/200
892
221
Nor
thw
est W
ater
Rec
lam
atio
n Pl
ant
94,3
00,0
00
21
,949
,728
185,
670
1,
361
2,19
0,16
8
24
,326
,926
69,9
73,0
74
74
.20
25
.80
12
/2/2
009
9224
9SE
WR
P So
lids H
andl
ing
Faci
lity
Impr
ovem
ents
46,0
00,0
00
21
,847
,041
805,
915
42
1
3,43
4,30
5
26
,087
,681
19,9
12,3
19
43
.29
56
.71
9/
16/2
010
9231
0So
uth
Lubb
ock
Sani
tary
Sew
er E
xpan
sion
Pha
se II
19,0
00,0
00
4,
627,
143
850,
475
20
,845
99
8,36
4
6,49
6,82
7
12
,503
,173
65.8
1
34.1
9
9/13
/201
292
311
SEW
RP
Emer
genc
y G
ener
ator
and
Sw
itch
Gea
r2,
200,
000
278,
581
65
2
-17
1
279,
404
1,
920,
596
87.3
0
12.7
0
9/13
/201
292
318
Maj
or S
anita
ry S
ewer
Mai
ns R
ehab
ilita
tion
7,50
0,00
0
1,
126,
894
-19
,215
13
,277
1,15
9,38
5
6,
340,
615
84.5
4
15.4
6
9/13
/201
292
351
Off
ice/
War
ehou
se R
epla
cem
ent F
acili
ty1,
250,
000
637,
516
20
,130
39
,880
-
697,
525
55
2,47
5
44.2
0
55.8
0
9/10
/201
392
395
Was
tew
ater
Veh
icle
Rep
lace
men
t28
2,14
9
133,
989
11
6,33
6
--
250,
325
31
,824
11
.28
88
.72
9/
11/2
014
9242
3D
ryin
g B
ed R
ehab
ilita
tion
655,
000
-
--
- -
655,
000
10
0.00
-
9/10
/201
592
427
Was
tew
ater
Veh
icle
Rep
lace
men
t FY
201
5-16
416,
264
-
--
- -
416,
264
10
0.00
-
9/10
/201
5To
t al
219,
218,
247
$
88
,271
,457
2,07
0,53
8
48
8,00
2
7,
133,
769
97,9
63,7
66
12
1,25
4,48
1
55.3
1
44.6
9
As o
f Dec
embe
r 31
, 201
5
Fina
nce
Dep
artm
ent
City
of L
ubbo
ck, T
X
Was
tew
ater
Cap
ital P
roje
cts
Rat
ing
Age
ncie
s Pre
sent
atio
n
93
City of Lubbock, TXFinance Department
Rating Agency PresentationSolid Waste Fund Model
BudgetFY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021
RevenuesLandfill Fees 5,538,555 5,908,496 6,285,282 6,669,013 6,735,703 6,803,060 Interest Revenues - 2,762 2,612 3,600 4,032 43,570 Revenue from Rentals 1,500 1,500 1,500 1,500 1,500 1,500 Refunds and Recoveries - - - - - -Revenue From Junk Sales 415,000 435,750 457,538 480,414 504,435 529,657 Revenue From Recycling 150,000 151,500 153,015 154,545 156,091 157,652 Revenue from Dept Operations 15,089,344 16,232,962 16,896,618 17,065,584 17,236,240 17,408,603 Transfers From Other Funds - - - -
Total Funding Sources 21,194,399 22,732,971 23,796,564 24,374,657 24,638,001 24,944,041
ExpendituresTotal Salaries 4,978,312 5,077,879 5,179,436 5,283,025 5,388,685 5,496,459 Total Benefits 2,520,412 2,659,655 2,810,566 2,974,266 3,151,990 3,345,092 Total Supplies 1,901,297 1,939,323 1,978,110 2,017,672 2,058,026 2,099,186 Total Maintenance 2,451,705 2,500,739 2,550,754 2,601,769 2,411,990 2,460,230 Total Professional Services / Training 482,337 491,984 501,824 511,860 522,097 532,539 Total Other Charges 220,529 224,939 229,438 234,027 238,708 243,482 Total Scheduled Charges 443,051 451,912 460,950 470,169 479,573 489,164 Total Capital Outlay 193,540 193,540 193,540 193,540 193,540 193,540 Total Transfers 3,350,679 3,488,767 3,604,780 3,698,238 3,777,737 3,861,199 Total Other Expenditures 358 362 365 369 373 376 Pay-As-You-Go Funding in CIP 256,603 500,000 - - - - Existing Debt Service 1,777,671 1,763,589 1,748,351 1,571,535 1,528,362 1,459,521
Less: Interest Earnings on Bond Proceeds (3,144) (2,125) (956) (38) - - Less: Build America Bond Subsidy (8,630) (8,630) (8,412) (7,965) (7,489) (6,979)
Total New Debt Service - 780,617 825,400 825,379 822,658 824,179 Total Master Lease 3,912,579 3,803,214 4,355,029 4,768,857 3,746,668 3,843,909
Total Expenditures 22,477,299 23,865,765 24,429,174 25,142,704 24,312,917 24,841,897
Total Expenditures (Over)/Under Revenues (1,282,900) (1,132,794) (632,610) (768,048) 325,083 102,144
Net Asset CalculationAppropriable Net Position 4,604,031 4,352,972 4,799,992 4,031,945 4,357,028 4,459,172 Due From Other Fund (North Overton TIF) 881,735 1,079,630Less: Appropriable Net Position Policy (3,094,185) (3,321,219) (3,477,285) (3,560,190) (3,595,791) (3,631,749)
Total Appropriable Net Position 2,391,581 2,111,383 1,322,707 471,755 761,236 827,422
Coverage 1.44 1.50 1.52 1.52 1.01
Rate AnalysisTipping Fees 32.00 34.00 36.00 38.00 38.00 38.00 Residential Rate 15.25 16.25 16.75 16.75 16.75 16.75
.
The proposed rate structure incorporated in this model is subject to change depending on many variables. Some of these variables may include: competition with smaller arid exempt landfills,interest rates, commodity prices, inflation rates, and changes in the cost or priority of capital projects.
-----------------------------------------------Forecast----------------------------------------------
94
Total Current Assets 11,066,750$ Less: Cash Funded Capital Projects (417,476) Less: Due from other Funds (1,988,152) Less: Inventories -
Total Net Current Assets 8,661,122
Current LiabilitiesAccounts Payable 273,205 Less: Accounts Payable Retainage (243.3097) - Accrued Liabilities 262,625 Customer Deposits 9,572 Due to Other Funds -
Total Current Liabilities 545,402
Cashflow CalculationsCurrent Assets Less Current Liabilities 8,115,720 Add: Restricted Cash Reserved for Debt Service (241.1058) 703,181
Total Available Cash at September 30, 2015 8,818,901$
September 30, 2015Target Net Position Policy 15.00%Target Net Position by Policy 3,099,335$ Available for Reallocation 5,719,566 Percentage of Net Position Policy 284.5%
FY 2015-16 BudgetOperating Revenues 20,627,899$ Non-Operating Revenues 1,448,235 Expenses (22,477,299)
Revenue Over/(Under) Expenses (401,165)
Total Available Cash at September 30, 2016 8,417,736$
Estimated September 30, 2016Target Net Position Policy 15.00%Target Net Position by Policy 3,094,185$ Available for Reallocation 5,323,551 Percentage of Net Position Policy 272.1%
95
Ass
ets
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Cur
rent
Ass
ets:
Cas
h an
d ca
sh e
quiv
alen
ts2,
737,
646
$
118,
621
$
83,4
18$
42
,563
$
9,21
7$
72
7,20
1$
98
4,61
5$
1,
125,
695
$
927,
660
$
856,
757
$
Inve
stm
ents
2,38
0,29
8
8,
553,
673
10,2
13,7
60
8,20
1,11
2
6,
529,
464
7,88
0,60
6
5,
122,
421
4,79
1,11
5
4,
641,
279
6,40
1,61
3
A
ccou
nts r
ecei
vabl
e, (n
et)
1,70
8,69
9
2,
025,
363
2,15
6,60
6
1,
762,
577
1,64
9,66
1
1,
826,
945
2,07
6,06
1
1,
777,
956
1,76
7,65
2
1,
816,
456
Inte
rest
rece
ivab
le9,
665
13
,124
39
,636
23
,740
1,
783
1,
512
1,
327
3,
566
2,
793
3,
772
D
ue fr
om o
ther
fund
s1,
540,
853
1,10
0,00
0
51
1,99
6
1,92
5,12
4
2,
571,
784
2,91
8,89
3
3,
419,
341
3,40
4,88
6
2,
754,
592
1,98
8,15
2
T
otal
cur
rent
ass
ets
8,37
7,16
1
11
,810
,781
13
,005
,416
11
,955
,116
10
,761
,909
13
,355
,157
11
,603
,765
11
,103
,218
10
,093
,976
11
,066
,750
Res
trict
ed A
sset
s:7,
320,
509
4,73
7,39
5
3,
133,
240
2,73
8,88
7
2,
683,
885
3,50
9,53
6
2,
343,
130
2,05
4,06
2
2,
350,
897
2,36
2,94
8
Tot
al re
stric
ted
asse
ts7,
320,
509
4,73
7,39
5
3,
133,
240
2,73
8,88
7
2,
683,
885
3,50
9,53
6
2,
343,
130
2,05
4,06
2
2,
350,
897
2,36
2,94
8
Cap
ital A
sset
s:La
nd1,
607,
932
1,60
7,93
2
1,
607,
932
1,60
7,93
2
1,
607,
932
1,60
7,93
2
1,
607,
932
1,60
7,93
2
1,
607,
932
1,60
7,93
2
C
onst
ruct
ion
in p
rogr
ess
991,
100
3,
762,
050
589,
113
2,
297,
003
2,02
3,53
8
5,
432,
958
7,11
2,72
7
2,
021
2,
021
65
,961
Bu
ildin
gs1,
596,
858
1,59
6,85
8
1,
596,
858
1,63
4,57
4
1,
634,
574
1,63
4,57
4
1,
634,
574
1,63
4,57
4
1,
634,
574
1,63
4,57
4
Im
prov
emen
ts o
ther
than
bui
ldin
gs20
,599
,958
20
,646
,551
26
,271
,526
26
,794
,234
27
,463
,935
27
,425
,771
27
,671
,381
35
,063
,732
35
,163
,732
34
,919
,651
M
achi
nery
and
equ
ipm
ent
23,7
57,2
51
25,2
22,2
11
27,4
27,1
05
32,1
14,8
43
31,3
34,3
68
32,8
47,4
93
34,0
55,5
96
38,2
93,1
48
37,6
42,0
81
39,0
57,9
98
Allo
wan
ce fo
r dep
reci
atio
n(3
2,66
3,07
8)
(34,
252,
633)
(3
6,21
1,03
6)
(41,
094,
028)
(4
2,93
4,63
4)
(45,
401,
233)
(4
8,12
5,71
9)
(50,
685,
379)
(5
1,01
5,28
3)
(53,
617,
074)
N
et p
rope
rty, p
lant
and
equ
ipm
ent
15,8
90,0
21
18,5
82,9
69
21,2
81,4
98
23,3
54,5
58
21,1
29,7
13
23,5
47,4
95
23,9
56,4
91
25,9
16,0
28
25,0
35,0
57
23,6
69,0
42
Tota
l ass
ets
31,5
87,6
91
35,1
31,1
45
37,4
20,1
54
38,0
48,5
61
34,5
75,5
07
40,4
12,1
88
37,9
03,3
86
39,0
73,3
08
37,4
79,9
30
37,0
98,7
40
Def
ferr
ed O
utflo
ws o
f Res
ourc
es
Def
erre
d ch
arge
on
refu
ndin
g-
- -
- -
- -
62,6
82
179,
350
26
5,58
6
Def
erre
d ou
tflow
s fro
m p
ensi
ons
- -
- -
- -
- -
- 74
6,99
2
Tota
l def
erre
d ou
tflow
s of r
esou
rces
- -
- -
- -
- 62
,682
17
9,35
0
1,01
2,57
8
City
of L
ubbo
ck, T
XSo
lid W
aste
Fun
dB
alan
ce S
heet
For F
isca
l Yea
rs E
nded
Sep
tem
ber 3
0
96
Liab
ilitie
s and
Net
Pos
ition
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Cur
rent
liab
ilitie
s:A
ccou
nts p
ayab
le35
4,73
7
153,
382
10
7,49
0
141,
577
33
1,63
1
1,59
6,78
4
41
5,07
0
266,
169
23
2,47
7
273,
205
A
ccru
ed li
abili
ties
196,
537
25
9,47
0
299,
676
33
1,53
7
344,
679
18
8,29
3
200,
642
21
9,66
4
250,
787
26
2,62
5
Acc
rued
inte
rest
pay
able
146,
129
10
1,18
5
118,
244
11
9,46
3
120,
567
18
3,11
0
129,
972
11
7,19
3
130,
269
92
,638
C
usto
mer
dep
osits
7,07
2
7,37
2
7,77
2
8,17
2
8,67
2
8,67
2
9,07
2
9,37
2
9,57
2
9,57
2
Leas
e pa
yabl
e70
5,85
4
1,16
1,12
3
1,
845,
507
3,37
6,65
9
4,
170,
808
4,51
2,48
6
3,
642,
755
3,42
2,11
2
3,
648,
946
3,51
6,47
6
Bo
nds p
ayab
le50
8,33
8
647,
257
56
2,34
3
683,
940
71
5,27
8
851,
732
98
1,61
3
1,04
2,77
2
1,
069,
915
1,12
6,53
3
T
otal
cur
rent
liab
ilitie
s1,
918,
667
2,32
9,78
9
2,
941,
032
4,66
1,34
8
5,
691,
635
7,34
1,07
7
5,
379,
124
5,07
7,28
2
5,
341,
966
5,28
1,04
9
Lo
ng-te
rm li
abili
ties:
Land
fill c
losu
re/P
ostc
losu
re c
are
cost
s3,
299,
131
3,53
1,61
1
3,
770,
566
3,96
7,29
0
4,
886,
726
5,06
7,01
8
5,
050,
212
5,07
9,34
9
5,
271,
506
5,44
0,17
3
C
ompe
nsat
ed a
bsen
ces
490,
662
53
5,32
4
555,
800
67
1,20
9
662,
581
57
3,94
6
641,
523
66
4,79
6
712,
580
73
1,54
9
Post
em
ploy
men
t ben
efits
- -
222,
037
41
7,71
8
766,
741
1,
050,
970
1,50
4,43
9
1,
960,
346
2,37
6,11
6
2,
802,
829
Net
pen
sion
obl
igat
ion
- -
- 11
2,65
5
287,
326
47
3,85
7
509,
871
51
4,01
2
517,
588
3,
796,
961
Reb
atab
le A
rbitr
age
- 34
,875
35
,848
9,
711
-
- -
- -
- N
otes
pay
able
2,46
5,83
8
4,
842,
840
7,09
9,94
4
9,
482,
831
8,77
0,31
0
6,
281,
764
5,46
6,48
9
8,
403,
901
8,04
3,53
7
8,
049,
810
Bond
s pay
able
11,6
80,3
34
12,3
73,7
33
13,1
11,7
67
12,8
39,8
75
12,7
55,7
53
18,6
28,2
02
17,5
83,4
03
16,6
52,2
96
15,8
93,0
98
14,7
18,2
43
Tot
al lo
ng-te
rm li
abili
ties
17,9
35,9
65
21,3
18,3
83
24,7
95,9
62
27,5
01,2
89
28,1
29,4
37
32,0
75,7
57
30,7
55,9
37
33,2
74,7
00
32,8
14,4
25
35,5
39,5
65
Tota
l lia
bilit
ies
19,8
54,6
32
23,6
48,1
72
27,7
36,9
94
32,1
62,6
37
33,8
21,0
72
39,4
16,8
34
36,1
35,0
61
38,3
51,9
82
38,1
56,3
91
40,8
20,6
14
Def
erre
d In
flow
s of R
esou
rces
Def
erre
d in
flow
from
pen
sion
s-
- -
- -
- -
- -
180,
593
Tota
l def
erre
d in
flow
of r
esou
rces
- -
- -
- -
- -
- 18
0,59
3
Net
pos
ition
Net
inve
stm
ent i
n ca
pita
l ass
ets
7,46
6,70
3$
(4
41,9
84)
$
1,38
0,90
5$
(7
46,5
19)
$
(3,0
68,1
57)
$
(3
,893
,815
)$
(1,9
76,9
49)
$
(2
,147
,961
)$
(1,9
50,7
60)
$
(1
,836
,851
)$
Res
trict
ed fo
r:
Cap
ital p
roje
cts
- 4,
296,
688
- -
- -
- -
- -
D
ebt S
ervi
ce37
9,13
5
425,
946
40
0,07
7
456,
658
46
9,60
5
676,
662
60
2,30
8
659,
652
68
1,21
8
703,
181
U
nres
trict
ed3,
887,
221
7,20
2,32
3
7,
902,
178
6,17
5,78
5
3,
352,
987
4,21
2,50
7
3,
142,
966
2,27
2,31
7
77
2,43
1
(1,7
56,2
19)
To
tal n
et p
ositi
on11
,733
,059
$
11
,482
,973
$
9,
683,
160
$
5,88
5,92
4$
75
4,43
5$
99
5,35
4$
1,
768,
325
$
784,
008
$
(497
,111
)$
(2
,889
,889
)$
City
of L
ubbo
ck, T
XSo
lid W
aste
Fun
dB
alan
ce S
heet
For F
isca
l Yea
rs E
nded
Sep
tem
ber 3
0
97
2006
2007
2008
2009
2010
2011
2012
2013
**20
1420
15**
Ope
ratin
g re
venu
es:
Cha
rges
for s
ervi
ces (
net)
13,9
48,8
61$
16,8
85,0
42$
16,7
54,4
38$
16,9
79,9
75$
17,0
37,5
06$
18,8
07,5
31$
19,4
83,0
45$
19,5
38,6
78$
19,7
16,6
06$
20,6
62,2
31$
Tot
al o
pera
ting
reve
nues
13,9
48,8
61
16,8
85,0
42
16,7
54,4
38
16,9
79,9
75
17,0
37,5
06
18,8
07,5
31
19,4
83,0
45
19,5
38,6
78
19,7
16,6
06
20,6
62,2
31
Ope
ratin
g ex
pens
es:
Pers
onal
serv
ices
4,55
4,46
3
5,03
8,71
6
5,36
9,67
6
5,82
9,35
4
5,84
6,67
1
5,82
3,89
7
6,27
7,24
6
6,43
1,86
6
6,61
7,48
6
6,64
0,67
3
Supp
lies
1,44
9,48
0
1,47
8,19
4
2,01
6,34
0
1,22
3,42
4
1,49
6,73
7
1,60
3,31
3
1,64
8,74
5
1,97
6,91
8
1,99
7,87
8
2,01
9,89
6
Mai
nten
ance
2,32
6,45
4
2,55
0,97
9
2,30
6,08
6
2,79
2,51
3
2,53
7,27
5
2,27
4,26
6
2,74
1,92
3
2,66
5,91
7
2,35
5,08
8
2,54
1,83
5
Col
lect
ion
expe
nse
512,
832
-
694,
832
72
8,94
5
579,
743
58
7,41
2
610,
487
61
0,48
7
779,
108
82
2,44
6
Oth
er se
rvic
es a
nd c
harg
es1,
888,
246
1,
673,
189
1,
733,
035
1,
779,
374
3,
185,
242
1,
375,
680
1,
091,
090
1,
103,
641
1,
226,
877
1,
392,
298
D
epre
ciat
ion
and
amor
tizat
ion
3,87
5,81
9
3,89
6,00
5
4,23
3,67
5
5,41
4,39
4
5,35
2,12
2
4,32
5,00
3
4,27
9,11
7
4,83
3,42
1
4,82
7,98
4
3,92
7,06
7
Tot
al o
pera
ting
expe
nses
14,6
07,2
94
14,6
37,0
83
16,3
53,6
44
17,7
68,0
04
18,9
97,7
90
15,9
89,5
71
16,6
48,6
08
17,6
22,2
50
17,8
04,4
21
17,3
44,2
15
Ope
ratin
g in
com
e (lo
ss)
(658
,433
)
2,
247,
959
40
0,79
4
(788
,029
)
(1
,960
,284
)
2,81
7,96
0
2,83
4,43
7
1,91
6,42
8
1,91
2,18
5
3,31
8,01
6
Non
-ope
ratin
g re
venu
es (e
xpen
ses)
:In
tere
st47
3,78
7
527,
690
45
9,97
9
180,
239
28
,738
9,
134
17
,576
4,
754
20
,645
47
,556
D
ispo
sitio
n of
Pro
perti
es18
,372
58
2,01
6
384,
663
78
,095
22
5,61
4
256,
618
49
6,70
5
412,
691
93
,516
27
5,17
4
Mis
cella
neou
s20
4,42
3
162,
401
20
2,25
3
100,
047
15
3,35
9
271,
019
56
5,91
7
150,
600
16
8,10
3
231,
744
IR
S B
uild
Am
eric
a B
ond
Subs
idy
- -
- -
- 14
,249
9,
337
8,
931
8,
640
8,
630
In
tere
st o
n bo
nds a
nd n
otes
(340
,723
)
(6
47,8
22)
(532
,402
)
(5
55,1
29)
(976
,320
)
(7
99,8
71)
(781
,994
)
(9
68,1
79)
(835
,008
)
(7
65,7
15)
Tot
al n
on-o
pera
ting
reve
nues
(exp
ense
s)35
5,85
9
624,
285
51
4,49
3
(196
,748
)
(5
68,6
09)
(248
,851
)
30
7,54
1
(391
,203
)
(5
44,1
04)
(202
,611
)
Inc
ome
(loss
) bef
ore
oper
atin
g tra
nsfe
rs(3
02,5
74)
2,87
2,24
4
915,
287
(9
84,7
77)
(2,5
28,8
93)
2,
569,
109
3,
141,
978
1,
525,
225
1,
368,
081
3,
115,
405
Cap
ital C
ontri
butio
ns21
,633
25
,007
8,
555
37
,716
-
- -
7,03
4
76,4
48
3,41
5
Tran
sfer
s in
- -
35,0
00
- -
- -
- -
- Tr
ansf
ers (
out)
(1,8
71,0
84)
(3
,147
,337
)
(2,7
58,6
55)
(2
,850
,175
)
(2,6
02,5
96)
(2
,328
,190
)
(2,3
69,0
07)
(2
,389
,578
)
(2,7
25,6
48)
(2
,688
,063
)
Cha
nge
in n
et p
ositi
on(2
,152
,025
)
(250
,086
)
(1
,799
,813
)
(3,7
97,2
36)
(5
,131
,489
)
240,
919
77
2,97
1
(857
,319
)
(1
,281
,119
)
430,
757
To
tal n
et p
ositi
on -
begi
nnin
g of
yea
r13
,885
,084
11
,733
,059
11
,482
,973
9,
683,
160
5,
885,
924
75
4,43
5
995,
354
1,
641,
327
78
4,00
8
(3,3
20,6
46)
To
tal n
et p
ositi
on -
endi
ng11
,733
,059
$
11
,482
,973
$
9,
683,
160
$
5,
885,
924
$
75
4,43
5$
99
5,35
4$
1,
768,
325
$
78
4,00
8$
(4
97,1
11)
$
(2,8
89,8
89)
$
**N
et p
ositi
on -
beg
inni
ng o
f yea
r was
rest
ated
For F
isca
l Yea
rs E
nded
Sep
tem
ber 3
0St
atem
ent o
f Rev
enue
s, Ex
pens
es, a
nd C
hang
es in
Fun
d N
et P
ositi
onSo
lid W
aste
Fun
dC
ity o
f Lub
bock
, TX
98
Fund
ing
Am
ount
Exp
Oct
ober
Nov
embe
rD
ecem
ber
Proj
ect t
oFu
nds
% F
unds
% o
f Bud
get
Orig
Dat
e of
Clo
sed
Proj
ect N
umbe
r/Nam
eTo
Dat
eA
s of 9
/30/
2015
2015
2015
2015
Dat
e To
tal
Rem
aini
ngR
emai
ning
Spen
tA
ppro
pria
tion
9230
8La
ndfil
l Im
prov
emen
ts75
,000
$
- -
--
- 75
,000
10
0.00
-
9/13
/201
292
350
Sout
hsid
e O
ffic
e B
uild
ing
Expa
nsio
n27
5,38
0
17,1
12
3,32
8
--
20,4
40
254,
940
92
.58
7.
42
9/10
/201
392
390
Cel
l 5 D
evel
opm
ent 2
252
6,37
9,20
0
13
,249
(3
,074
)-
- 10
,175
6,
369,
025
99.8
4
0.16
9/
11/2
014
9239
1La
ndfil
l 69
Shop
Ren
ovat
ion
312,
500
-
-14
,960
-
14,9
60
297,
540
95
.21
4.
79
9/11
/201
492
393
Cel
l VI F
inal
Exp
ansi
on a
t 69
571,
767
9,
108
-
805
-
9,91
3
561,
854
98
.27
1.
73
9/11
/201
492
422
Land
fill 6
9 G
as C
olle
ctio
n Sy
stem
Rep
lace
men
t35
2,55
0
- -
--
- 35
2,55
0
100.
00
- 9/
10/2
015
9242
6So
lid W
aste
Veh
icle
Rep
lace
men
t FY
201
5-16
256,
603
-
--
- -
256,
603
10
0.00
-
9/10
/201
5To
tal
8,22
3,00
0$
39
,469
25
4
15,7
65
- 55
,488
8,
167,
512
99.3
3
0.67
Fina
nce
Dep
artm
ent
Rat
ing
Age
ncie
s Pre
sent
atio
nSo
lid W
aste
Cap
ital P
roje
cts
As o
f Dec
embe
r 31
, 201
5
City
of L
ubbo
ck, T
X
99
City of Lubbock, TXFinance Department
Rating Agency PresentationStorm Water Fund Model
BudgetFY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021
RevenuesInterest Revenues - 13,884 31,169 21,869 15,497 22,849 Revenue From Junk Sales 25,000 25,000 25,000 25,000 25,000 25,000 Revenue from Dept Operations 23,327,417 23,443,986 23,561,137 23,678,875 23,797,201 23,916,119 Transfers From Other Funds - - - - - -
Total Funding Sources 23,352,417 23,482,870 23,617,307 23,725,744 23,837,698 23,963,968
ExpendituresTotal Salaries 1,451,445 1,480,474 1,510,083 1,540,285 1,571,091 1,602,513 Total Benefits 792,945 838,677 888,312 942,225 1,000,831 1,064,585 Total Supplies 168,261 171,626 175,058 178,559 182,131 185,773 Total Maintenance 333,324 339,990 346,790 353,726 360,800 368,016 Total Other Charges 246,473 251,402 256,430 261,559 266,790 272,126 Total Capital Outlay - - - - - -Total Reimbursements - - - - - -Total Transfers 3,448,025 3,756,743 3,834,275 3,913,958 3,995,854 4,080,030 Total Other Expenditures 3,281 3,379 3,481 3,585 3,693 3,804Pay-As-You-Go Funding in CIP 2,050,000 1,050,000 550,000 950,000 450,000 200,000 Total Debt Service Annually 8,982,668 9,017,678 9,346,353 9,299,548 8,969,466 8,599,966 Transfer to Debt Service Fund 5,303,870 5,308,446 5,309,594 4,237,029 3,174,598 2,116,722
Less: Interest Income (1,634) (14,513) (9,675) (8,955) (2,745) (1,373) Less: Build America Bond Subsidy (19,904) (19,904) (19,401) (18,369) (17,271) (16,096)
Future Storm Water Project Debt Service - - 2,575,248 2,575,248 3,305,900 3,305,900 Total Master Lease 546,656 618,597 710,726 771,795 629,433 576,533
Total Expenditures 23,305,409 22,802,597 25,477,274 25,000,192 23,890,570 22,358,499
Total Expenditures (Over)/Under Revenues 47,008 680,273 (1,859,968) (1,274,447) (52,872) 1,605,469
Net Position CalculationAppropriable Net Position 5,553,545 6,233,818 4,373,850 3,099,402 3,046,531 4,651,999 Less: Policy Level Reserve (3,499,113) (3,516,598) (3,534,171) (3,551,831) (3,569,580) (3,587,418)
Reserve for Future Projects 2,054,432 2,717,220 839,679 (452,429) (523,050) 1,064,582 % Reserve for Future Projects 8.80%
% of Policy Level 159% 177% 124% 87% 85% 130%Coverage 1.49 1.48 1.11 1.20 1.25 1.38
Possible Needed Rate Increase As a % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%Value of Rate Increase in $ - - - - - -
110% 110% 110% 110% 110% 110%Rate Analysis
Residential Rate - Monthly (Tier 1) 8.80 8.80 8.80 8.80 8.80 8.80Residential Rate - Monthly (Tier 2) 13.48 13.48 13.48 13.48 13.48 13.48Residential Rate - Monthly (Tier 3) 17.05 17.05 17.05 17.05 17.05 17.05Residential Rate - Monthly (Tier 4) 25.58 25.58 25.58 25.58 25.58 25.58
Commercial Rate - Monthly *per ERU as of January 2015 25.58 25.58 25.58 25.58 25.58 25.58
This model incorporates the original debt associated with the Street Maintenance Program. The proposed rate structure incorporated in this model is subject to change depending on many variables.Some of these variables may include: interest rates, commodity prices, inflation rates, and changes in the cost or priority of capital projects.
--------------------------------------------------Forecast--------------------------------------------------
100
City of Lubbock, TXFinance Department
Rating Agencies PresentationStorm Water Appropriable Net Position Calculation
Current AssetsTotal Current Assets 3,900,170$ Less: Cash Funded Capital Projects (831,244)
Total Net Current Assets 3,068,926
Current LiabilitiesAccounts Payable 522,711 Accrued Liabilities 48,622
Total Current Liabilities 571,333
Cashflow CalculationsCurrent Assets Less Current Liabilities 2,497,593
Less: Negative Unrestricted - Add: Restricted Cash Reserved for Debt Service (included in 2015 expenses) 3,008,944
Total Available Cash at September 30, 2015 5,506,537$
September 30, 2015Target Net Position Policy 15.00%Target Net Position by Policy 3,467,863$ Available for Reallocation 2,038,674 Percentage of Net Position Policy 158.8%
FY 2015-16 ForecastOperating Revenues 23,327,417$ Non-Operating Revenues 25,000 Expenses (23,305,409)
Revenue Over/(Under) Expenses 47,008
Total Available Cash at September 30, 2016 5,553,545$
Estimated September 30, 2016Target Net Position Policy 15.00%Target Net Position by Policy 3,499,113$ Available for Reallocation 2,054,432 Percentage of Net Position Policy 158.7%
101
Ass
ets
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Cur
rent
Ass
ets:
Cas
h an
d ca
sh e
quiv
alen
ts6,
013,
928
$
13
9,93
6$
56,8
78$
25,5
14$
3,13
9$
496,
968
$
56
9,17
2$
136,
364
$
35
,627
$
15
4,40
6$
Inve
stm
ents
5,22
8,92
2
10
,090
,619
6,
964,
191
4,91
6,11
6
2,
329,
988
2,55
9,67
5
2,
961,
098
1,84
6,35
5
17
8,24
8
1,15
3,70
8
A
ccou
nts r
ecei
vabl
e, (n
et)
689,
268
75
9,59
6
825,
365
1,
016,
469
1,34
5,30
6
1,
647,
102
1,93
2,62
8
1,
910,
869
1,96
6,94
5
2,
581,
032
Inte
rest
rece
ivab
le4,
529
23
,349
65
,631
17
,426
1,
381
-
- 16
,622
14
,379
11
,024
T
otal
cur
rent
ass
ets
11,9
36,6
47
11,0
13,5
00
7,91
2,06
5
5,
975,
525
3,67
9,81
4
4,
703,
745
5,46
2,89
8
3,
910,
210
2,19
5,19
9
3,
900,
170
Res
trict
ed A
sset
s:22
,877
,972
15
,933
,371
15
,278
,471
9,
431,
775
9,68
8,47
4
10
,538
,324
39
,312
,900
22
,849
,521
11
,607
,414
6,
334,
838
Tot
al re
stric
ted
asse
ts22
,877
,972
15
,933
,371
15
,278
,471
9,
431,
775
9,68
8,47
4
10
,538
,324
39
,312
,900
22
,849
,521
11
,607
,414
6,
334,
838
Cap
ital A
sset
s:La
nd28
3,33
7
283,
337
28
3,33
7
545,
250
2,
267,
200
2,32
3,79
4
2,
822,
611
5,37
7,73
3
7,
447,
821
9,30
0,54
8
C
onst
ruct
ion
in p
rogr
ess
65,6
36,7
71
41,1
71,6
76
50,1
27,2
79
1,33
1,16
1
4,
238,
900
2,48
8,93
0
9,
738,
750
32,4
99,3
18
46,6
46,1
38
8,46
1,11
5
B
uild
ings
64,5
80
64,5
80
64,5
80
64,5
80
64,5
80
64,5
80
64,5
80
64,5
80
64,5
80
64,5
80
Impr
ovem
ents
oth
er th
an b
uild
ings
8,35
3,59
1
47
,823
,806
47
,834
,412
10
5,43
8,07
1
10
5,91
8,90
2
11
3,83
6,48
9
11
4,36
3,46
2
11
5,35
6,62
8
11
5,81
1,21
4
15
5,84
7,89
6
M
achi
nery
and
equ
ipm
ent
2,83
2,45
8
3,
447,
648
4,12
6,31
4
4,
796,
155
5,46
6,35
0
5,
603,
914
5,51
6,81
3
6,
161,
061
5,55
0,16
4
5,
728,
357
Allo
wan
ce fo
r dep
reci
atio
n(9
,252
,045
)
(10,
085,
396)
(11,
614,
025)
(12,
528,
082)
(15,
293,
200)
(17,
898,
036)
(20,
698,
418)
(23,
206,
373)
(25,
425,
440)
(28,
440,
164)
Net
pro
perty
, pla
nt a
nd e
quip
men
t67
,918
,692
82
,705
,651
90
,821
,897
99
,647
,135
10
2,66
2,73
2
10
6,41
9,67
1
11
1,80
7,79
8
13
6,25
2,94
7
15
0,09
4,47
7
15
0,96
2,33
2
Tota
l ass
ets
102,
733,
311
109,
652,
522
114,
012,
433
115,
054,
435
116,
031,
020
121,
661,
740
156,
583,
596
163,
012,
678
163,
897,
090
161,
197,
340
Def
ferr
ed O
utflo
ws o
f Res
ourc
esD
efer
red
char
ge o
n re
fund
ing
- -
- -
- -
- 2,
808,
943
2,79
8,97
0
3,
966,
214
Def
erre
d ou
tflow
s fro
m p
ensi
ons
- -
- -
- -
- -
- 22
1,33
2
Tota
l def
erre
d ou
tflow
s of r
esou
rces
- -
- -
- -
- 2,
808,
943
2,79
8,97
0
4,
187,
546
For F
isca
l Yea
rs E
nded
Sep
tem
ber 3
0B
alan
ce S
heet
Stor
m W
ater
Fun
dC
ity o
f Lub
bock
, TX
102
Liab
ilitie
s and
Net
Pos
ition
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Cur
rent
liab
ilitie
s:A
ccou
nts p
ayab
le1,
146,
437
1,15
3,48
2
61
9,99
0
956,
905
16
0,46
4
473,
699
1,
326,
170
2,53
7,88
3
2,
425,
918
522,
711
A
ccru
ed li
abili
ties
27,2
37
44,5
68
69,4
44
79,5
39
84,9
19
32,3
27
36,2
50
41,3
65
47,1
63
48,6
22
Acc
rued
inte
rest
pay
able
666,
542
51
6,77
1
574,
084
54
1,32
8
535,
178
54
9,02
5
807,
089
69
1,75
8
668,
404
56
7,04
7
Leas
es p
ayab
le21
,145
38
,175
76
,176
33
4,60
4
386,
153
40
3,48
5
453,
675
56
4,57
4
400,
847
43
8,93
9
Bon
ds p
ayab
le1,
540,
083
1,95
2,50
7
2,
177,
520
2,33
8,88
4
2,
496,
765
2,68
0,27
4
3,
513,
339
4,36
0,70
4
4,
524,
721
4,55
5,61
6
T
otal
cur
rent
liab
ilitie
s3,
401,
444
3,70
5,50
3
3,
517,
214
4,25
1,26
0
3,
663,
479
4,13
8,81
0
6,
136,
523
8,19
6,28
4
8,
067,
053
6,13
2,93
5
Long
-term
liab
ilitie
s:C
ompe
nsat
ed sa
besc
es89
,685
10
9,22
1
184,
950
16
5,54
6
164,
539
17
2,92
3
166,
964
18
1,94
9
170,
157
15
1,31
8
Reb
atab
le A
rbitr
age
- 62
,312
64
,050
16
,184
-
- -
- -
- Po
st e
mpl
oym
ent b
enef
its-
- 82
,021
13
6,58
6
216,
637
30
7,70
1
453,
153
58
5,36
6
712,
286
83
8,05
3
Net
pen
sion
obl
igat
ion
- -
- 42
,893
10
2,43
4
162,
551
17
4,97
9
176,
427
17
7,59
3
1,12
5,03
2
Le
ases
pay
able
81,0
20
225,
945
56
6,82
9
2,19
9,56
5
2,
481,
906
2,25
7,18
2
2,
205,
147
2,56
3,88
9
2,
180,
162
1,96
6,28
5
B
onds
pay
able
76,8
04,3
39
79,9
67,6
02
85,2
16,9
81
84,8
75,0
11
83,9
89,8
48
84,3
56,7
01
114,
921,
349
119,
235,
130
114,
604,
856
109,
010,
953
Tot
al lo
ng-te
rm li
abili
ties
76,9
75,0
44
80,3
65,0
80
86,1
14,8
31
87,4
35,7
85
86,9
55,3
64
87,2
57,0
58
117,
921,
592
122,
742,
761
117,
845,
054
113,
091,
641
Tota
l lia
bilit
ies
80,3
76,4
88
84,0
70,5
83
89,6
32,0
45
91,6
87,0
45
90,6
18,8
43
91,3
95,8
68
124,
058,
115
130,
939,
045
125,
912,
107
119,
224,
576
Def
erre
d In
flow
s of R
esou
rces
Def
erre
d in
flow
from
pen
sion
s-
- -
- -
- -
- -
53,5
09
Tota
l def
erre
d in
flow
of r
esou
rces
- -
- -
- -
- -
- 53
,509
Net
pos
ition
Net
inve
stm
ent i
n ca
pita
l ass
ets
10,9
76,1
38$
521,
422
$
16
,321
,372
$
17
,206
,353
$
19
,807
,552
$
25
,092
,712
$
27
,202
,883
$
32
,321
,041
$
36
,964
,296
$
42
,243
,729
$
R
estri
cted
for:
Cap
ital p
roje
cts
- 14
,277
,499
-
- -
- -
- -
-
Deb
t Ser
vice
1,35
8,77
0
1,
625,
014
1,74
1,49
0
2,
124,
492
3,18
8,98
3
2,
167,
641
2,82
4,30
7
2,
866,
073
3,02
7,00
9
3,
008,
944
Unr
estri
cted
10,0
21,9
15
9,15
8,00
4
6,
317,
526
4,03
6,54
5
2,
415,
642
3,00
5,51
9
2,
498,
291
(304
,538
)
792,
648
85
4,12
8
Tot
al n
et p
ositi
on22
,356
,823
$
25
,581
,939
$
24
,380
,388
$
23
,367
,390
$
25
,412
,177
$
30
,265
,872
$
32
,525
,481
$
34
,882
,576
$
40
,783
,953
$
46
,106
,801
$
For F
isca
l Yea
rs E
nded
Sep
tem
ber 3
0
City
of L
ubbo
ck, T
XSt
orm
Wat
er F
und
Bal
ance
She
et
103
2006
2007
2008
2009
2010
2011
2012
2013
**20
1420
15**
Ope
ratin
g re
venu
es:
Cha
rges
for s
ervi
ces (
net)
6,34
8,46
1$
6,51
9,65
8$
6,63
3,25
5$
8,10
8,04
0$
12,1
18,7
01$
16
,195
,959
$
19,0
43,6
11$
19
,285
,819
$
19,6
06,9
04$
23
,119
,087
$
Tot
al o
pera
ting
reve
nues
6,34
8,46
1
6,51
9,65
8
6,63
3,25
5
8,10
8,04
0
12,1
18,7
01
16
,195
,959
19,0
43,6
11
19
,285
,819
19,6
06,9
04
23
,119
,087
Ope
ratin
g ex
pens
es:
Pers
onal
serv
ices
868,
480
1,08
0,63
7
1,59
4,51
1
1,85
4,66
2
1,76
9,86
9
1,75
0,01
3
1,97
4,27
1
2,03
0,56
1
1,94
5,27
2
1,77
1,99
7
Supp
lies
80,5
72
91,3
37
130,
597
98,8
22
137,
422
159,
832
171,
827
190,
273
175,
821
177,
994
Mai
nten
ance
5,68
0
250,
922
254,
116
280,
169
256,
202
251,
890
276,
628
304,
038
324,
745
366,
445
Col
lect
ion
expe
nse
504,
732
- 62
9,30
2
66
0,19
8
64
5,50
2
68
9,35
8
71
4,79
7
71
4,79
7
77
9,10
8
82
2,44
6
O
ther
serv
ices
and
cha
rges
212,
115
548,
082
1,72
9,22
8
1,07
4,87
1
303,
903
760,
139
1,01
5,77
7
1,52
4,47
2
1,44
2,30
2
1,45
3,55
2
Dep
reci
atio
n an
d am
ortiz
atio
n38
4,51
4
86
2,71
5
1,
274,
719
2,
466,
072
2,
842,
899
3,
157,
348
3,
089,
858
2,
725,
484
2,
802,
674
3,
085,
884
T
otal
ope
ratin
g ex
pens
es2,
056,
093
2,
833,
693
5,
612,
473
6,
434,
794
5,
955,
797
6,
768,
580
7,
243,
158
7,
489,
625
7,
469,
922
7,
678,
318
Ope
ratin
g in
com
e (lo
ss)
4,29
2,36
8
3,68
5,96
5
1,02
0,78
2
1,67
3,24
6
6,16
2,90
4
9,42
7,37
9
11,8
00,4
53
11
,796
,194
12,1
36,9
82
15
,440
,769
Non
-ope
ratin
g re
venu
es (e
xpen
ses)
:In
tere
st1,
618,
842
1,
314,
578
95
0,33
7
22
1,71
8
33
,063
11
,684
45
,613
16
,917
21
,359
21
,610
D
ispo
sitio
n of
Pro
perti
es-
9,40
6
1,56
6
78,9
79
23,9
92
94,3
70
77,0
59
47,9
14
(55,
491)
1,66
3
Mis
cella
neou
s18
0,35
9
8,
636
-
17,0
53
11,0
70
9,78
7
12,5
31
18,5
00
15,0
90
12,6
80
IRS
Bui
ld A
mer
ica
Bon
d Su
bsid
y-
- -
- -
32,8
62
21,5
33
20,5
97
19,9
25
19,9
04
Inte
rest
on
bond
s and
not
es(3
,096
,082
)
(1,1
55,0
55)
(2
,107
,878
)
(1,8
67,2
22)
(1
,944
,781
)
(4,1
35,3
86)
(3
,763
,288
)
(3,8
39,2
09)
(3
,622
,043
)
(3,5
24,5
87)
T
otal
non
-ope
ratin
g re
venu
es (e
xpen
ses)
(1,2
96,8
81)
17
7,56
5
(1
,155
,975
)
(1,5
49,4
72)
(1
,876
,656
)
(3,9
86,6
83)
(3
,606
,552
)
(3,7
35,2
81)
(3
,621
,160
)
(3,4
68,7
30)
Inc
ome
(loss
) bef
ore
oper
atin
g tra
nsfe
rs2,
995,
487
3,
863,
530
(1
35,1
93)
123,
774
4,28
6,24
8
5,44
0,69
6
8,19
3,90
1
8,06
0,91
3
8,51
5,82
2
11,9
72,0
39
Cap
ital C
ontri
butio
ns-
- -
- 1,
721,
950
4,
764,
015
49
8,81
7
2,
643,
274
2,
290,
052
1,
852,
727
Tr
ansf
ers i
n-
- -
- -
- -
- -
405,
191
Tran
sfer
s (ou
t)(9
07,3
10)
(1,6
22,2
16)
(1
,066
,358
)
(1,1
36,7
72)
(3
,963
,411
)
(5,3
51,0
16)
(6
,433
,109
)
(7,6
79,3
30)
(4
,904
,497
)
(8,0
94,7
34)
C
hang
e in
net
pos
ition
2,08
8,17
7
2,24
1,31
4
(1,2
01,5
51)
(1
,012
,998
)
2,04
4,78
7
4,85
3,69
5
2,25
9,60
9
3,02
4,85
7
5,90
1,37
7
6,13
5,22
3
Tota
l net
pos
ition
- be
ginn
ing
of y
ear
20,2
68,6
46
22
,340
,625
24,5
81,9
39
24
,380
,388
23,3
67,3
90
25
,412
,177
30,2
65,8
72
31
,857
,719
34,8
82,5
76
39
,971
,578
Tota
l net
pos
ition
- en
ding
22,3
56,8
23$
24
,581
,939
$
23,3
80,3
88$
23
,367
,390
$
25,4
12,1
77$
30
,265
,872
$
32,5
25,4
81$
34
,882
,576
$
40,7
83,9
53$
46
,106
,801
$
**N
et p
ositi
on -
beg
inni
ng o
f yea
r was
rest
ated
For F
isca
l Yea
rs E
nded
Sep
tem
ber 3
0 S
tate
men
t of R
even
ues,
Expe
nses
, and
Cha
nges
in F
und
Net
Pos
ition
Stor
m W
ater
Fun
dC
ity o
f Lub
bock
, TX
104
Fund
ing
Am
ount
Exp
Oct
ober
Nov
embe
rD
ecem
ber
Proj
ect t
oFu
nds
% F
unds
% o
f Bud
get
Orig
Dat
e of
Clo
sed
Proj
ect N
umbe
r/Nam
eTo
Dat
eA
s of 9
/30/
2015
2015
2015
2015
Dat
e To
tal
Rem
aini
ngR
emai
ning
Spen
tA
ppro
pria
tion
8534
FEM
A R
estu
dy -
Syst
em G
500,
000
$
42
7,85
8
--
- 42
7,85
8
72,1
42
14.4
3
85.5
7
9/16
/201
085
45C
oncr
ete
Dra
inag
e C
hann
el R
epai
rs86
5,00
0
552,
256
-
--
552,
256
31
2,74
4
36.1
6
63.8
4
9/11
/200
885
86D
igita
l Orth
os a
nd S
torm
Wat
er U
tility
Mai
nt25
0,00
0
89,2
08
--
- 89
,208
16
0,79
2
64.3
2
35.6
8
9/10
/201
385
95St
orm
Wat
er M
aste
r Pla
n1,
000,
000
126,
405
60
,372
-
24,5
93
21
1,37
0
788,
630
78
.86
21
.14
9/
11/2
014
8599
Stor
m W
ater
Util
ity F
ee R
estru
ctur
e40
5,19
1
405,
191
-
--
405,
191
(0
)-
100.
00
5/28
/201
586
06FE
MA
Res
tudy
- Sy
stem
B,C
, D50
0,00
0
- -
--
- 50
0,00
0
100.
00
- 9/
10/2
015
9217
4N
orth
wes
t Lub
bock
and
Max
ey P
ark
Proj
ect
41,9
50,0
00
40
,409
,841
-7,
586
42,8
45
40
,460
,272
1,48
9,72
8
3.
55
96.4
5
9/11
/200
892
175
Stor
m S
ewer
Rep
air a
nd R
epla
cem
ent
1,10
0,00
0
99
8,41
2
--
- 99
8,41
2
101,
588
9.
24
90.7
6
9/11
/200
8To
tal
46,5
70,1
91$
43
,009
,171
60,3
72
7,58
6
67
,438
43,1
44,5
67
3,
425,
624
7.36
92
.64
City
of L
ubbo
ck, T
XFi
nanc
e D
epar
tmen
tR
atin
g A
genc
ies P
rese
ntat
ion
Stor
m W
ater
Cap
ital P
roje
cts
As o
f Dec
embe
r 31
, 201
5
105
City
of L
ubbo
ck, T
XFi
nanc
e D
epar
tmen
tR
atin
g A
genc
y Pr
esen
tatio
nA
irpo
rt F
und
Mod
el
Ado
pted
FY 2
016
FY 2
017
FY 2
018
FY 2
019
FY 2
020
FY 2
021
Rev
enue
sIn
tere
st-
33,2
29
42
,382
42,7
00
42,2
65
41,2
69
Land
ing
Are
a1,
467,
000
1,48
1,67
0
1,
496,
487
1,51
1,45
2
1,52
6,56
6
1,54
1,83
2
Han
ger A
rea
662,
500
68
2,37
5
702,
846
72
3,93
2
74
5,65
0
76
8,01
9
Te
rmin
al A
rea
4,56
3,83
8
4,
603,
813
4,64
4,28
5
4,
685,
263
4,
726,
753
4,
768,
765
Pa
rkin
g A
rea
3,04
5,06
9
3,
075,
069
3,10
5,36
9
3,
135,
972
3,
166,
881
3,
198,
099
In
dust
rial A
rea
62,5
00
64
,375
66,3
06
68
,295
70
,344
72
,455
A
gric
ultu
re &
Ren
t45
,000
45,0
00
45
,000
45,0
00
45,0
00
45,0
00
Mis
cella
neou
s95
,000
95,7
70
96
,548
97,3
33
98,1
27
98,9
28
Tran
sfer
s Fro
m O
ther
Fun
ds86
4,42
1
885,
106
1,
524,
445
1,62
2,82
6
1,72
1,40
1
1,72
2,54
5
Tota
l Fun
ding
Sou
rces
10,8
05,3
28
10
,966
,407
11,7
23,6
69
11
,932
,772
12,1
42,9
87
12
,256
,912
Exp
endi
ture
sTo
tal S
alar
ies
1,89
8,10
2
1,93
6,06
4
1,97
4,78
5
2,01
4,28
1
2,
054,
567
2,09
5,65
8
To
tal B
enef
its1,
004,
387
1,
062,
209
1,
124,
962
1,
193,
120
1,26
7,20
8
1,
347,
799
Tota
l Sup
plie
s24
7,92
825
2,88
625
7,94
426
3,10
3
268,
365
27
3,73
2
Tota
l Mai
nten
ance
769,
099
78
4,48
1
800,
171
81
6,17
5
83
2,49
8
84
9,14
8
To
tal P
rofe
ssio
nal S
ervi
ces /
Tra
inin
g1,
512,
127
1,54
2,37
0
1,
573,
217
1,60
4,68
1
1,63
6,77
5
1,66
9,51
0
Tota
l Oth
er C
harg
es1,
000
1,02
01,
040
1,06
11,
082
1,10
4To
tal S
ched
uled
Cha
rges
1,16
6,45
4
1,18
9,78
3
1,21
3,57
9
1,23
7,85
1
1,
262,
608
1,28
7,86
0
To
tal C
apita
l Out
lay
--
--
- -
Tota
l Tra
nsfe
rs1,
684,
171
1,
717,
855
1,
752,
212
1,
787,
256
1,82
3,00
1
1,
859,
461
Pay-
As-
You
-Go
Fund
ing
in C
IP49
0,00
047
5,00
047
5,00
047
5,00
0
475,
000
47
5,00
0
Tota
l Deb
t Ser
vice
Ann
ually
856,
926
858,
580
848,
824
859,
861
85
3,95
7
850,
960
Le
ss:
Inte
rest
Inco
me
(3,8
74)
(6
,183
)
(4,2
41)
(2
,116
)
(916
)
(305
)
Tota
l PFC
Deb
t Ser
vice
Ann
ually
864,
421
885,
106
885,
624
984,
004
1,
082,
580
1,08
3,72
4
To
tal C
FC D
ebt S
ervi
ce A
nnua
lly-
-63
8,82
163
8,82
1
638,
821
63
8,82
1
Tota
l Mas
ter L
ease
39
,524
97,5
4211
7,68
914
6,25
1
146,
251
19
3,72
3
Tota
l Mas
ter L
ease
Def
easa
nce
--
--
- -
Pay-
As-
You
-Go
Equi
pmen
t Fun
ding
--
--
- -
Tota
l Exp
endi
ture
s10
,530
,667
10,7
97,1
24
11
,660
,045
12,0
19,7
75
12
,342
,232
12,6
26,6
39
Tota
l Exp
endi
ture
s Ove
r/(U
nder
) Rev
enue
s27
4,66
116
9,28
363
,623
(87,
003)
(199
,244
)
(369
,727
)
Net
Ass
et C
alcu
latio
nA
ppro
pria
ble
Net
Ass
ets
8,30
7,16
7
8,47
6,45
0
8,54
0,07
3
8,45
3,07
1
8,
253,
826
7,88
4,09
9
Le
ss: A
ppro
pria
ble
Net
Ass
et P
olic
y(1
,491
,136
)
(1,5
07,2
11)
(1
,523
,526
)
(1,5
40,0
87)
(1,5
56,8
98)
(1,5
73,9
65)
Tota
l App
ropr
iabl
e N
et A
sses
ts6,
816,
031
6,
969,
239
7,
016,
547
6,
912,
984
6,69
6,92
8
6,
310,
134
% o
f Pol
icy
Leve
l5.
575.
625.
615.
495.
305.
01
----
----
----
----
----
----
----
----
----
----
----
----
----
----
Fore
cast
----
----
----
----
----
----
----
----
----
----
----
----
----
---
106
City
of L
ubbo
ck, T
XFi
nanc
e D
epar
tmen
tR
atin
g A
genc
y Pr
esen
tatio
nA
irpo
rt P
FC F
und
Mod
el
Ado
pted
----
----
----
----
----
----
----
----
----
----
----
----
----
----
----
----
--Fo
reca
st--
----
----
----
----
----
----
----
----
----
---
FY 2
016
FY 2
017
FY 2
018
FY 2
019
FY 2
020
FY 2
021
Rev
enue
sIn
tere
st-
91
7
1,47
4
2,
042
4,26
9
5,
058
PFC
Rev
enue
1,79
3,86
2
1,
811,
801
1,
829,
919
1,
848,
218
1,
866,
700
1,
885,
367
To
tal F
undi
ng S
ourc
es1,
793,
862
1,81
2,71
8
1,
831,
393
1,85
0,26
0
1,
870,
970
1,89
0,42
5
Exp
endi
ture
sTr
ansf
er to
Airp
ort C
apita
l - P
FC P
ay-A
s-Y
ou-G
o36
0,00
0
-
-
-
-
-
Tr
ansf
er -
PFC
Deb
t Ser
vice
Ann
ually
864,
421
885,
106
885,
624
984,
004
1,
082,
580
1,08
3,72
4
To
tal E
xpen
ditu
res
1,22
4,42
1
88
5,10
6
885,
624
98
4,00
4
1,08
2,58
0
1,
083,
724
Tota
l Exp
endi
ture
s Ove
r/(U
nder
) Rev
enue
s56
9,44
2
927,
612
94
5,76
9
866,
256
78
8,39
0
806,
701
Net
Ass
et C
alcu
latio
nA
ppro
pria
ble
Net
Ass
ets
1,52
9,81
1
2,45
7,42
3
3,40
3,19
2
4,26
9,44
8
5,
057,
837
5,86
4,53
9
To
tal R
estri
cted
Net
Ass
ests
1,52
9,81
1
2,
457,
423
3,40
3,19
2
4,
269,
448
5,05
7,83
7
5,
864,
539
107
City
of L
ubbo
ck, T
XFi
nanc
e D
epar
tmen
tR
atin
g A
genc
y Pr
esen
tatio
nA
irpo
rt C
FC F
und
Mod
el
Ado
pted
FY 2
016
FY 2
017
FY 2
018
FY 2
019
FY 2
020
FY 2
021
Rev
enue
sIn
tere
st-
815
1,
182
1,
170
1,93
6
1,
929
CFC
Rev
enue
605,
122
61
1,17
4
617,
285
62
3,45
8
62
9,69
3
63
5,99
0
To
tal F
undi
ng S
ourc
es60
5,12
2
611,
989
618,
468
624,
628
63
1,62
9
637,
918
Exp
endi
ture
sTr
ansf
er to
Airp
ort C
apita
l - C
FC P
ay-A
s-Y
ou-G
o-
- -
- -
- Tr
ansf
er -
CFC
Deb
t Ser
vice
Ann
ually
- -
638,
821
638,
821
63
8,82
1
638,
821
To
tal E
xpen
ditu
res
- -
638,
821
638,
821
63
8,82
1
638,
821
Tota
l Exp
endi
ture
s Ove
r/(U
nder
) Rev
enue
s60
5,12
261
1,98
9
(20,
354)
(1
4,19
3)(7
,193
)(9
03)
Net
Ass
et C
alcu
latio
nA
ppro
pria
ble
Net
Ass
ets
1,35
8,57
0
1,97
0,55
8
1,95
0,20
5
1,93
6,01
2
1,
928,
819
1,92
7,91
6
To
tal R
estri
cted
Net
Ass
ests
1,35
8,57
0
1,
970,
558
1,95
0,20
5
1,
936,
012
1,92
8,81
9
1,
927,
916
----
----
----
----
----
----
----
----
----
----
----
----
----
--Fo
reca
st--
----
----
----
----
----
----
----
----
----
----
----
----
----
--
108
City of Lubbock, TXFinance Department
Rating Agency PresentationAirport Appropriable Net Position Calculation
Airport PFC CFC TotalCurrent Assets
Total Current Assets 15,815,580$ 414,333 753,448 16,983,360 Less: Cash Funded Capital Projects (3,041,571) - - (3,041,571) Less: Inventories - - - -
Total Net Current Assets 12,774,008 414,333 753,448 13,941,789
Current LiabilitiesAccounts Payable 4,755,024 - - 4,755,024 Accrued Liabilities 105,529 - - 105,529 Accrued Interest Payable - - - - Post Closure Landfill Cost - - - - Restricted PFC Funds - - - - Customer Deposits - - - - Due to Other Funds - - - -
Total Current Liabilities 4,860,553 - - 4,860,553
Cashflow CalculationsCurrent Assets Less Current Liabilities 7,913,456 414,333 753,448 9,081,236
Pay-as-you-go Capital Projects - - - - Add: Restricted Cash Reserved for Debt Service 119,051 546,037 665,088
Total Available Cash at September 30, 2015 8,032,506$ 960,370 753,448 9,746,324
September 30, 2015Target Net Position Policy 15.00% 15.00% 15.00% 15.00%Target Net Position by Policy 1,362,311$ 258,286 87,831 1,708,429 Available for Reallocation 6,670,196 702,083 665,616 8,037,895 Percentage of Net Position Policy 589.6% 371.8% 857.8% 570.5%
FY 2015-16 BudgetOperating Revenues 9,940,907$ 1,793,862 605,122 12,339,891 Non-Operating Revenues 864,421 - - 864,421 Expenses (10,530,667) (1,224,421) - (11,755,087)
Revenue Over/(Under) Expenses 274,661 569,442 605,122 1,449,225
Total Available Cash at September 30, 2016 8,307,167$ 1,529,811 1,358,570 11,195,549
Estimated September 30, 2016Target Net Position Policy 15.00% 15.00% 15.00% 15.00%Target Net Position by Policy 1,491,136$ 269,079 90,768 1,850,984 Available for Reallocation 6,816,031 1,260,732 1,267,801 9,344,565 Percentage of Net Position Policy 557.1% 568.5% 1496.7% 604.8%
109
Ass
ets
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Cur
rent
Ass
ets:
Cas
h an
d ca
sh e
quiv
alen
ts59
5,22
3$
21,7
04$
28,2
54$
19,4
06$
6,68
6$
424,
937
$
1,
289,
163
$
1,
436,
374
$
1,
703,
630
$
1,
563,
164
$
In
vest
men
ts51
7,52
8
1,56
5,06
6
3,45
9,43
4
3,73
9,24
0
5,23
7,10
0
4,45
8,49
7
6,70
6,81
9
6,11
3,41
0
8,52
3,61
9
11,6
79,8
04
Acc
ount
s rec
eiva
ble,
(net
)38
2,62
5
327,
118
30
7,94
3
395,
582
44
6,86
4
419,
966
54
4,35
8
506,
655
41
2,50
6
486,
093
In
tere
st re
ceiv
able
- 69
,675
-
15,6
28
1,85
3
1,21
3
1,99
1
3,51
1
7,18
9
8,49
1
Due
from
oth
ers
- 1,
196,
533
28
8,83
7
202,
451
16
3,00
7
172,
658
25
5,40
4
154,
298
16
1,02
7
231,
773
D
ue fr
om o
ther
gov
ernm
ents
- -
- 38
4,33
1
455,
325
88
4,75
6
1,78
6,55
4
249,
987
11
0,54
1
3,01
4,03
5
Inve
ntor
ies
- -
- -
- -
- -
- -
Tot
al c
urre
nt a
sset
s1,
495,
376
3,
180,
096
4,
084,
468
4,
756,
638
6,
310,
835
6,
362,
027
10
,584
,289
8,
464,
235
10
,918
,512
16
,983
,360
Res
trict
ed A
sset
s:6,
096,
097
2,
589,
490
8,
833,
348
4,
836,
946
4,
041,
844
5,
181,
605
2,
273,
267
2,
502,
798
5,
187,
289
8,
782,
438
T
otal
rest
ricte
d as
sets
6,09
6,09
7
2,58
9,49
0
8,83
3,34
8
4,83
6,94
6
4,04
1,84
4
5,18
1,60
5
2,27
3,26
7
2,50
2,79
8
5,18
7,28
9
8,78
2,43
8
Cap
ital A
sset
s:La
nd3,
679,
064
3,
679,
064
3,
589,
941
3,
589,
941
3,
589,
941
3,
589,
941
3,
589,
941
3,
589,
941
3,
589,
941
3,
608,
781
C
onst
ruct
ion
in p
rogr
ess
20,0
92,7
79
3,47
3,11
0
13,1
10,4
67
9,88
4,47
8
9,50
6,18
2
26,2
65,7
49
47,0
48,6
01
1,91
3,10
6
4,65
4,10
8
14,1
19,6
27
Build
ings
36,2
21,7
96
36,0
27,4
89
36,8
87,4
89
39,1
68,5
19
39,1
68,5
19
39,1
98,2
74
39,4
36,9
30
39,4
36,9
30
38,7
42,4
01
39,4
57,7
00
Impr
ovem
ents
oth
er th
an b
uild
ings
76,7
02,7
84
97,2
07,0
71
95,6
08,8
31
98,8
72,7
58
103,
508,
555
10
3,54
9,36
3
103,
479,
227
15
2,00
4,89
1
148,
231,
523
14
9,85
2,50
2
Mac
hine
ry a
nd e
quip
men
t7,
939,
128
9,
293,
972
9,
906,
148
13
,297
,034
14
,219
,004
14
,247
,179
18
,398
,890
19
,391
,918
19
,414
,567
19
,500
,336
A
llow
ance
for d
epre
ciat
ion
(66,
188,
237)
(6
9,11
5,37
6)
(72,
759,
939)
(7
7,19
2,73
7)
(82,
301,
240)
(8
5,98
1,88
9)
(90,
830,
517)
(9
8,26
4,32
9)
(101
,693
,924
)
(1
09,5
22,1
39)
Net
pro
perty
, pla
nt a
nd e
quip
men
t78
,447
,314
80
,565
,330
86
,342
,937
87
,619
,993
87
,690
,961
10
0,86
8,61
7
121,
123,
072
11
8,07
2,45
7
112,
938,
616
11
7,01
6,80
7
Tota
l ass
ets
86,0
38,7
87
86,3
34,9
16
99,2
60,7
53
97,2
13,5
77
98,0
43,6
40
112,
412,
249
13
3,98
0,62
8
129,
039,
490
12
9,04
4,41
7
142,
782,
605
Def
ferre
d O
utflo
ws o
f Res
ourc
es
Def
erre
d ch
arge
on
refu
ndin
g-
- -
- -
- -
88,8
50
157,
509
16
5,08
4
Def
erre
d ou
tflow
s fro
m p
ensio
ns-
- -
- -
- -
- -
348,
308
Tota
l def
erre
d ou
tflow
s of r
esou
rces
- -
- -
- -
- 88
,850
15
7,50
9
513,
392
Airp
ort F
und
City
of L
ubbo
ck, T
X
For F
iscal
Yea
rs E
nded
Sep
tem
ber 3
0B
alan
ce S
heet
110
Liab
ilitie
s and
Net
Pos
ition
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Cur
rent
liab
ilitie
s:A
ccou
nts p
ayab
le1,
479,
102
1,
118,
951
2,
018,
475
63
4,92
4
699,
808
1,
691,
661
3,
376,
417
59
2,60
7
260,
445
4,
755,
024
A
ccru
ed li
abili
ties
647,
213
18
8,03
6
207,
606
15
9,07
9
153,
535
56
,863
57
,530
67
,755
85
,897
10
5,52
9
Acc
rued
inte
rest
pay
able
67,3
46
89,1
96
188,
339
79
,472
68
,382
10
9,36
4
79,1
15
60,7
05
96,1
15
123,
787
Le
ases
pay
able
390
40
3
11,6
82
11,9
22
28,0
71
30,4
08
38,6
06
36,1
32
37,0
68
34,1
50
Bond
s pay
able
417,
285
48
8,38
7
1,60
7,44
6
1,78
6,57
4
1,86
6,25
9
2,26
8,81
5
2,59
1,57
7
1,53
3,65
8
1,64
9,08
5
937,
842
T
otal
cur
rent
liab
ilitie
s2,
611,
336
1,
884,
973
4,
033,
548
2,
671,
971
2,
816,
055
4,
157,
111
6,
143,
245
2,
290,
857
2,
128,
610
5,
956,
332
Long
-term
liab
ilitie
s:C
ompe
nsat
ed a
bsen
ces
214,
211
22
8,83
9
249,
708
23
9,79
3
255,
759
23
3,63
3
231,
368
22
8,22
4
252,
066
26
3,21
2
Une
arne
d re
venu
e - o
ther
- -
- -
- 4,
019
-
5,70
2
546
-
Reb
atab
le a
rbitr
age
12,3
78
46,8
16
46,4
61
30,3
63
20,4
28
- -
- -
- Po
st e
mpl
oym
ent b
enef
its-
- 10
3,16
9
185,
957
32
6,84
7
442,
746
63
5,25
6
826,
738
1,
006,
175
1,
208,
303
N
et p
ensio
n ob
ligat
ion
- -
- 49
,844
12
4,94
0
206,
276
22
2,84
3
224,
689
22
6,14
3
1,77
0,45
3
Not
es a
nd le
ases
pay
able
1,24
7
845
48
,171
36
,250
17
2,07
7
182,
844
18
4,59
5
221,
624
18
4,55
6
150,
406
Bo
nds p
ayab
le6,
383,
006
6,
305,
270
14
,280
,023
12
,466
,370
10
,573
,031
13
,188
,443
11
,776
,773
10
,251
,636
11
,227
,710
16
,434
,276
T
otal
long
-term
liab
ilitie
s6,
610,
842
6,
581,
770
14
,727
,532
13
,008
,577
11
,473
,082
14
,257
,961
13
,050
,835
11
,758
,613
12
,897
,196
19
,826
,650
Tota
l lia
bilit
ies
9,22
2,17
8
8,46
6,74
3
18,7
61,0
80
15,6
80,5
48
14,2
89,1
37
18,4
15,0
72
19,1
94,0
80
14,0
49,4
70
15,0
25,8
06
25,7
82,9
82
Def
erre
d In
flow
s of R
esou
rces
Def
erre
d in
flow
from
pen
sions
- -
- -
- -
- -
- 84
,207
Tota
l def
erre
d in
flow
of r
esou
rces
- -
- -
- -
- -
- 84
,207
Net
pos
ition
Net
inve
stm
ent i
n ca
pita
l ass
ets
74,0
79,1
84$
73,7
70,4
25$
76,8
35,1
96$
75,5
85,6
77$
76,5
63,7
53$
87,6
83,7
47$
106,
697,
952
$
10
7,11
9,50
0$
102,
695,
127
$
10
6,48
2,90
6$
Res
trict
ed fo
r: C
apita
l pro
ject
s-
456,
912
-
- -
- -
-
-
-
P
asse
nger
faci
lity
char
ges
3,63
0,62
5
1,82
8,62
4
2,31
8,72
3
1,52
2,26
2
1,41
4,25
5
1,25
5,05
0
645,
223
59
3,89
9
1,30
9,62
4
875,
959
D
ebt S
ervi
ce17
,326
30
3,95
4
182,
573
1,
047,
886
1,
115,
360
1,
440,
915
1,
461,
614
90
7,65
6
1,02
2,73
5
665,
088
U
nres
trict
ed(9
10,5
26)
1,
508,
258
1,
163,
181
3,
377,
204
4,
661,
135
3,
617,
465
5,
981,
759
6,
457,
815
9,
148,
634
9,
404,
855
Tot
al n
et p
ositi
on76
,816
,609
$
77
,868
,173
$
80
,499
,673
$
81
,533
,029
$
83
,754
,503
$
93
,997
,177
$
11
4,78
6,54
8$
115,
078,
870
$
11
4,17
6,12
0$
117,
428,
808
$
For F
iscal
Yea
rs E
nded
Sep
tem
ber 3
0B
alan
ce S
heet
Airp
ort F
und
City
of L
ubbo
ck, T
X
111
2006
2007
2008
2009
2010
2011
2012
2013
**20
1420
15**
Ope
ratin
g re
venu
es:
Ope
ratin
g fe
es (n
et)
5,42
4,01
6$
6,27
6,41
6$
6,79
3,82
9$
6,92
6,64
3$
7,12
9,25
7$
7,48
3,75
0$
7,67
7,53
8$
7,78
0,68
0$
8,47
1,83
3$
9,08
2,07
2$
T
otal
ope
ratin
g re
venu
es5,
424,
016
6,
276,
416
6,
793,
829
6,
926,
643
7,
129,
257
7,
483,
750
7,
677,
538
7,
780,
680
8,
471,
833
9,
082,
072
Ope
ratin
g ex
pens
es:
Pers
onal
serv
ices
2,12
0,91
0
2,14
7,05
2
2,22
2,91
2
2,28
7,83
3
2,37
1,12
3
2,36
2,08
1
2,64
4,62
2
2,59
7,22
4
2,53
6,21
0
2,80
4,89
7
Su
pplie
s12
1,68
0
15
9,31
5
12
9,45
2
15
9,26
3
17
6,75
5
10
6,59
9
16
0,16
6
19
3,52
6
18
2,62
2
27
4,09
7
Mai
nten
ance
377,
813
473,
418
387,
059
526,
682
482,
173
736,
885
740,
698
525,
493
430,
762
505,
574
O
ther
serv
ices
and
cha
rges
1,99
1,66
0
1,79
2,45
3
1,89
1,19
1
1,91
5,69
5
1,83
6,74
0
2,18
9,43
2
2,33
2,85
9
2,53
9,37
1
2,00
1,62
2
3,64
0,83
7
D
epre
ciat
ion
and
amor
tizat
ion
3,28
1,31
7
3,73
4,08
5
4,20
5,46
1
4,45
1,04
8
5,32
2,65
2
5,28
5,95
6
5,36
7,78
2
7,81
5,10
4
7,79
2,90
9
7,84
9,73
6
T
otal
ope
ratin
g ex
pens
es7,
893,
380
8,
306,
323
8,
836,
075
9,
340,
521
10
,189
,443
10
,680
,953
11
,246
,127
13
,670
,718
12
,944
,125
15
,075
,141
Ope
ratin
g in
com
e (lo
ss)
(2,4
69,3
64)
(2
,029
,907
)
(2,0
42,2
46)
(2
,413
,878
)
(3,0
60,1
86)
(3
,197
,203
)
(3,5
68,5
89)
(5
,890
,038
)
(4,4
72,2
92)
(5
,993
,069
)
Non
-ope
ratin
g re
venu
es (e
xpen
ses)
:In
tere
st41
9,93
1
20
3,28
0
24
6,99
5
14
7,82
7
9,
054
7,56
1
15
,779
5,
348
25,7
55
77,0
40
Pass
enge
r fac
ility
cha
rges
965,
605
1,42
8,51
6
1,70
3,63
2
2,16
4,99
3
2,04
3,22
0
2,03
5,87
9
2,04
9,24
0
2,38
8,52
3
2,35
1,71
5
2,30
7,45
2
D
ispo
sitio
n of
Pro
perti
es9,
418
7,23
7
(3
77,6
44)
2,90
2
19
,858
7,
953
(30,
729)
(1
11,2
95)
(212
,249
)
4,
893
Mis
cella
neou
s85
3,90
9
65
4,68
0
70
3,65
7
74
0,22
3
69
5,23
6
70
4,46
8
1,
544,
572
82
3,44
5
91
8,13
6
89
4,74
3
Inte
rest
on
bond
s and
not
es(9
1,80
4)
(338
,299
)
(3
34,5
34)
(740
,403
)
(5
52,7
65)
(420
,668
)
(5
69,8
55)
(400
,694
)
(5
34,3
76)
(150
,282
)
T
otal
non
-ope
ratin
g re
venu
es (e
xpen
ses)
2,15
7,05
9
1,95
5,41
4
1,94
2,10
6
2,31
5,54
2
2,21
4,60
3
2,33
5,19
3
3,00
9,00
7
2,70
5,32
7
2,54
8,98
1
3,13
3,84
6
Inc
ome
(loss
) bef
ore
oper
atin
g tra
nsfe
rs(3
12,3
05)
(74,
493)
(1
00,1
40)
(98,
336)
(8
45,5
83)
(862
,010
)
(5
59,5
82)
(3,1
84,7
11)
(1
,923
,311
)
(2,8
59,2
23)
Cap
ital C
ontri
butio
ns11
,040
,385
2,
234,
181
3,
849,
200
2,
263,
877
4,
256,
371
12
,549
,633
22
,840
,556
5,
185,
727
2,
587,
162
9,
092,
158
Tran
sfer
s in
-
-
-
-
-
-
-
-
-
-
Tran
sfer
s (ou
t)(1
,228
,995
)
(1,1
08,1
24)
(1
,117
,560
)
(1,1
32,1
85)
(1
,189
,314
)
(1,4
44,9
49)
(1
,491
,603
)
(1,6
03,0
80)
(1
,566
,601
)
(1,6
48,4
86)
C
hang
e in
net
pos
ition
9,49
9,08
5
1,05
1,56
4
2,63
1,50
0
1,03
3,35
6
2,22
1,47
4
10,2
42,6
74
20,7
89,3
71
397,
936
(902
,750
)
4,
584,
449
Tota
l net
pos
ition
- be
ginn
ing
of y
ear
67,3
17,5
24
76,8
16,6
09
77,8
68,1
73
80,4
99,6
73
81,5
33,0
29
83,7
54,5
03
93,9
97,1
77
114,
680,
934
115,
078,
870
112,
844,
359
Tota
l net
pos
ition
- en
ding
76,8
16,6
09$
77,8
68,1
73$
80,4
99,6
73$
81,5
33,0
29$
83,7
54,5
03$
93,9
97,1
77$
114,
786,
548
$
115,
078,
870
$
114,
176,
120
$
117,
428,
808
$
**N
et p
ositi
on -
beg
inni
ng o
f yea
r was
rest
ated
For F
isca
l Yea
rs E
nded
Sep
tem
ber 3
0St
atem
ent o
f Rev
enue
s, Ex
pens
es, a
nd C
hang
es in
Fun
d N
et P
ositi
onA
irpor
t Fun
dC
ity o
f Lub
bock
, TX
112
Fund
ing
Am
ount
Exp
Oct
ober
Nov
embe
rD
ecem
ber
Proj
ect t
oFu
nds
% F
unds
% o
f Bud
get
Orig
Dat
e of
Clo
sed
Proj
ect N
umbe
r/Nam
eTo
Dat
eA
s of 9
/30/
2015
2015
2015
2015
Dat
e To
tal
Rem
aini
ngR
emai
ning
Spen
tA
ppro
pria
tion
8552
Airf
ield
Asp
halt
Rep
air
6,60
0,00
0$
2,
342,
937
177,
405
39
,039
23
6,96
5
2,79
6,34
6
3,
803,
654
57.6
3
42.3
7
8/27
/200
985
93C
onso
lidat
ed R
enta
l Car
Fac
ilty
Des
ign
1,05
0,00
0
85
,565
-
--
85,5
65
964,
435
91
.85
8.
15
9/11
/201
486
01Sa
fety
Man
agem
ent S
yste
m D
evel
opm
ent
150,
000
-
--
- -
150,
000
10
0.00
-
9/10
/201
592
191
Airp
ort F
acili
ty Im
prov
emen
ts3,
608,
736
1,48
3,30
4
83
,037
-
135,
102
1,
701,
443
1,90
7,29
3
52
.85
47
.15
8/
27/2
009
9232
5R
unw
ay 1
7R/3
5L C
onst
ruct
ion
Phas
e II
26,5
22,3
69
10
,343
,894
343,
036
12
0,05
8
79
1,71
2
11,5
98,7
00
14
,923
,669
56.2
7
43.7
3
9/10
/201
392
361
Term
inal
Bui
ldin
g R
emod
el D
esig
n2,
836,
050
- -
--
- 2,
836,
050
100.
00
- 2/
12/2
015
9237
1R
unw
ay 1
7R/3
5L C
onst
ruct
ion
Phas
e II
I21
,007
,820
55,2
34
-12
,078
30
1,85
4
369,
166
20
,638
,654
98.2
4
1.76
9/
11/2
014
9237
2A
ircra
ft R
escu
e &
Fire
Fig
htin
g Fa
cilit
y4,
500,
000
14,6
17
188
1,
316
- 16
,121
4,
483,
879
99.6
4
0.36
9/
11/2
014
Tota
l66
,274
,975
$
14,3
25,5
51
60
3,66
6
172,
491
1,46
5,63
3
16
,567
,340
49,7
07,6
35
75
.00
25
.00
As o
f Dec
embe
r 31
, 201
5A
viat
ion
Serv
ices
Cap
ital P
roje
cts
City
of L
ubbo
ck, T
XFi
nanc
e D
epar
tmen
tR
atin
g A
genc
ies P
rese
ntat
ion
113
A
irlin
e20
1020
1120
1220
1320
1420
1420
15%
cha
nge
Sout
hwes
t 31
4,80
429
9,13
029
0,71
325
8,97
224
0,51
524
0,51
523
4,90
4-2
.3%
Am
eric
an E
agle
121,
990
112,
393
116,
662
134,
473
141,
918
141,
918
148,
420
4.6%
Uni
ted
55,3
5672
,566
74,1
4474
,934
79,2
2779
,227
77,0
18-2
.8%
Oth
er33
,252
37,5
8910
,554
2,19
14,
077
4,07
72,
456
-39.
8% T
otal
enp
lane
men
ts52
5,40
252
1,67
849
2,07
347
0,57
046
5,73
746
5,73
746
2,79
8-0
.6%
Ann
ual p
erce
nt c
hang
e-0
.7%
-5.7
%-4
.4%
-1.0
%
City
of L
ubbo
ck, T
X
Ann
ual P
asse
nger
Enp
lane
men
tsL
ubbo
ck P
rest
on S
mith
Inte
rnat
iona
l Air
port
YT
D (J
an-D
ec)
0
100,0
00
200
,00
0
300
,00
0
400
,00
0
500
,00
0
600,0
00 2
010
2011
2012
2013
2014
Passenger enplanements
SW
AA
EU
nit
ed
114
Dec
embe
rJa
nuar
yFe
brua
ryM
arch
Apr
ilM
ayJu
neJu
lyA
ugus
tSe
ptem
ber
Oct
ober
Nov
embe
rD
ecem
ber
A
irlin
e20
1420
1520
1520
1520
1520
1520
1520
1520
1520
1520
1520
1520
15
Sout
hwes
t 20
,747
16,5
0317
,232
19,5
4318
,880
19,6
2919
,639
20,0
3019
,699
20,3
8721
,530
21,2
3520
,597
Am
eric
an E
agle
9,57
29,
324
8,60
210
,319
14,5
8714
,870
14,0
0713
,934
13,1
0312
,577
12,5
7013
,315
11,2
12U
nite
d7,
611
5,59
35,
254
6,01
86,
307
7,43
16,
082
6,40
36,
859
6,22
37,
508
7,08
86,
252
Oth
er86
472
207
9324
016
723
086
159
141
320
207
134
Tot
al e
npla
nem
ents
38,0
1631
,892
31,2
9535
,973
40,0
1442
,097
39,9
5840
,453
39,8
2039
,328
41,9
2841
,845
38,1
95
Per
cent
cha
nge
from
pr
evio
us y
ear
-4.5
%5.
1%-4
.4%
-7.3
%1.
8%0.
2%-5
.6%
2.2%
-2.6
%2.
5%-1
.8%
2.8%
0.5%
City
of L
ubbo
ck, T
XLu
bboc
k Pr
esto
n Sm
ith In
tern
atio
nal A
irpo
rt
13 M
onth
s End
ed D
ecem
ber
2015
Mon
thly
Pas
seng
er E
npla
nem
ents
0
5,00
0
10,0
00
15,0
00
20,0
00
25,0
00
30,0
00
35,0
00
40,0
00
45,0
00 Dec
embe
rJa
nuar
yFe
brua
ryM
arch
Apr
ilM
ayJu
neJu
lyA
ugus
tSe
ptem
ber
Oct
ober
Nov
embe
rD
ecem
ber
Passenger enplanements
SWA
AE
Uni
ted
115
Yea
rJa
n Fe
b M
ar
Apr
M
ay
Jun
Jul
Aug
Se
p O
ct
Nov
D
ec
Tot
al
2011
36,6
8834
,924
42,7
3942
,211
45,3
2647
,525
47,6
5744
,313
43,9
0846
,952
44,9
9644
,439
521,
678
2012
34,5
8738
,227
42,6
9740
,658
43,6
5443
,406
43,5
5843
,182
40,4
4043
,124
39,7
3038
,810
492,
073
2013
31,2
5332
,479
40,9
6040
,483
42,4
1741
,486
41,3
2140
,700
37,6
3843
,000
39,0
3639
,797
470,
570
2014
30,3
3432
,733
38,8
0139
,289
42,0
2442
,308
39,5
9940
,868
38,3
5442
,717
40,6
9438
,016
465,
737
2015
31,8
9231
,295
35,9
7340
,014
42,0
9739
,958
40,4
5339
,820
39,3
2841
,928
41,8
4538
,195
462,
798
Mon
thly
Pas
seng
er E
npla
nem
ents
-5 C
alen
dar
Yea
rsL
ubbo
ck P
rest
on S
mith
Inte
rnat
iona
l Air
port
City
of L
ubbo
ck, T
X
30,0
00
35,0
00
40,0
00
45,0
00
50,0
00 J
an
Fe
bM
ar
Ap
rM
ay
Ju
nJ
ul
Au
gS
ep
Oc
tN
ov
Dec
Passenger enplanements
2011
2012
2013
2014
2015
116
MA
F-5
.7%
LB
B-0
.6%
AM
A-9
.3%
Lub
bock
Pre
ston
Sm
ith In
tern
atio
nal A
irpo
rtC
ity o
f Lub
bock
, TX
Pass
enge
r E
npla
nem
ents
-- W
est T
exas
Air
port
s
YT
D
350,0
00
400,0
00
450,0
00
500,0
00
550
,000
600
,000
650,0
00 2
012
2013
2014
Passenger enplanements
Ann
ual P
asse
nger
Enp
lane
men
ts
MA
F
LB
B
AM
A
20,0
00
25,0
00
30,0
00
35,0
00
40,0
00
45,0
00
50,0
00
55,0
00
60,0
00 Dec
14
Jan
15
Fe
b 1
5M
ar
15
Ap
r 1
5M
ay
15
Ju
n 1
5J
ul 1
5A
ug
15
Sep
15
Oct
15
No
v 1
5D
ec
15
Passenger enplanements
Mon
thly
Pas
seng
er E
npla
nem
ents
--13
Mon
ths E
nded
Dec
embe
r 20
15
LB
B
MA
F
AM
A
117
Air
craf
t cat
egor
y20
1020
1120
1220
1320
1420
1420
15%
cha
nge
Air
carr
ier
10,9
929,
653
8,94
79,
617
9,68
49,
684
11,9
1523
.0%
Air
taxi
20,6
6022
,820
22,9
2922
,068
21,1
9921
,199
18,3
63-1
3.4%
Gen
eral
avi
atio
n36
,317
32,2
9428
,655
34,4
0937
,796
37,7
9631
,073
-17.
8%
Mili
tary
10,4
378,
104
7,38
813
,189
16,2
6316
,263
8,07
9-5
0.3%
Tot
al o
pera
tions
78,4
0672
,871
67,9
1979
,283
84,9
4284
,942
69,4
30-1
8.3%
Ann
ual p
erce
nt c
hang
e-7
.1%
-6.8
%16
.7%
7.1%
City
of L
ubbo
ck, T
X
Ann
ual A
ircr
aft O
pera
tions
Lub
bock
Pre
ston
Sm
ith In
tern
atio
nal A
irpo
rt
YT
D (J
an-D
ec)
0
10,0
00
20,0
00
30,0
00
40,0
00
50,0
00
60,0
00
70,0
00
80,0
00
90,0
00 2
01
02
01
12
01
22
01
32
01
4
Aircraft Operations
Ge
ne
ral
av
iati
on
Air
carr
ier
Air
ta
xi
Milit
ary
118
Dec
embe
rJa
nuar
yFe
brua
ryM
arch
Apr
ilM
ayJu
neJu
lyA
ugus
tSe
ptem
ber
Oct
ober
Nov
embe
rD
ecem
ber
Air
craf
t cat
egor
y20
1420
1520
1520
1520
1520
1520
1520
1520
1520
1520
1520
1520
15
Air
carr
ier
930
1,14
979
294
81,
005
970
951
976
1,00
11,
015
1,09
51,
040
973
Air
taxi
1,62
71,
617
1,36
61,
515
1,59
71,
471
1,61
31,
626
1,53
41,
536
1,53
11,
493
1,46
4
Gen
eral
avi
atio
n3,
326
2,98
12,
412
2,50
62,
228
2,20
82,
969
2,69
32,
595
2,99
62,
737
2,68
22,
066
Mili
tary
627
583
528
1,19
382
172
759
358
172
662
354
165
051
3 T
otal
ope
ratio
ns6,
510
6,33
05,
098
6,16
25,
651
5,37
66,
126
5,87
65,
856
6,17
05,
904
5,86
55,
016
Per
cent
cha
nge
from
pre
viou
s yea
r7.
3%-1
0.7%
-16.
7%-1
9.0%
-17.
7%-3
1.3%
-16.
5%-1
4.5%
-20.
5%-1
2.7%
-23.
7%-1
0.5%
-22.
9%
Mon
thly
Air
craf
t Ope
ratio
nsL
ubbo
ck P
rest
on S
mith
Inte
rnat
iona
l Air
port
13 M
onth
s End
ed D
ecem
ber
2015
City
of L
ubbo
ck, T
X
0
1,0
00
2,0
00
3,0
00
4,0
00
5,0
00
6,0
00
7,0
00
Dec
em
ber
Jan
ua
ryF
eb
ruary
Marc
hA
pri
lM
ay
Ju
ne
Ju
lyA
ug
us
tS
ep
tem
ber
Octo
ber
No
vem
ber
Dec
em
ber
Gen
era
l A
via
tio
nA
ir c
arr
ier
Air
taxi
Milit
ary
119
LB
B-1
8.3%
MA
F-8
.2%
AM
A-3
.9%
City
of L
ubbo
ck, T
X
Air
craf
t Ope
ratio
ns --
Wes
t Tex
as A
irpo
rts
Lub
bock
Pre
ston
Sm
ith In
tern
atio
nal A
irpo
rt
YT
D
2,0
00
4,0
00
6,0
00
8,0
00
10,0
00
12,0
00 De
c 1
4J
an
15
Fe
b 1
5M
ar
15
Ap
r 1
5M
ay
15
Ju
n 1
5J
ul 1
5A
ug
15
Sep
15
Oc
t 1
5N
ov
15
De
c 1
5
Aircraft Operations
Mon
thly
Air
craf
t Ope
ratio
ns--1
3 M
onth
s End
ed D
ecem
ber
2015
LB
B
MA
F
AM
A
40
,000
60
,000
80
,000
10
0,0
00 2
012
20
13
20
14
Aircraft Operations
Ann
ual A
ircr
aft O
pera
tions
MA
FL
BB
AM
A
120
A
irlin
e20
1020
1120
1220
1320
1420
1420
15%
cha
nge
2014
2015
% c
hang
e
Sout
hwes
t 31
4,80
429
9,13
029
0,71
325
8,97
224
0,51
524
0,51
523
4,90
4-2
.3%
20,7
4720
,597
-0.7
%A
mer
ican
Eag
le12
1,99
011
2,39
311
6,66
213
4,47
314
1,91
814
1,91
814
8,42
04.
6%9,
572
11,2
1217
.1%
Uni
ted
55,3
5672
,566
74,1
4474
,934
79,2
2779
,227
77,0
180.
0%7,
611
6,25
2-1
7.9%
Oth
er33
,252
37,5
8910
,554
2,19
14,
077
4,07
72,
456
-39.
8%86
134
55.8
% T
otal
enp
lane
men
ts52
5,40
252
1,67
849
2,07
347
0,57
046
5,73
746
5,73
746
2,79
8-0
.6%
38,0
1638
,195
0.5%
Ann
ual p
erce
nt c
hang
e-0
.7%
-5.7
%-4
.4%
-1.0
%
CO
MPA
RIS
ON
Mid
land
Inte
rnat
iona
l T
otal
enp
lane
men
ts44
2,54
347
0,77
850
1,51
751
3,47
455
4,13
655
4,13
652
2,75
0-5
.7%
48,4
0342
,926
-11.
3% A
nnua
l per
cent
cha
nge
6.4%
6.5%
2.4%
7.9%
Am
arill
o In
tern
atio
nal
Tot
al e
npla
nem
ents
409,
028
410,
545
401,
200
380,
828
371,
681
371,
681
337,
116
-9.3
%30
,918
27,6
62-1
0.5%
Ann
ual p
erce
nt c
hang
e0.
4%-2
.3%
-5.1
%-2
.4%
For m
ore
info
rmat
ion,
con
tact
Lub
bock
Pre
ston
Sm
ith In
tern
atio
nal A
irpor
t, (8
06) 7
75-3
126.
City
of L
ubbo
ck, T
X
Lub
bock
Pre
ston
Sm
ith In
tern
atio
nal A
irpo
rtSu
mm
ary
of P
asse
nger
Enp
lane
men
tsT
hrou
gh D
ecem
ber
2015
YT
D (J
an-D
ec)
Mon
th o
f Dec
embe
r
121
Air
craf
t cat
egor
y20
1020
1120
1220
1320
1420
1420
15%
cha
nge
2014
2015
% c
hang
e
Air
carr
ier
10,9
929,
653
8,94
79,
617
9,68
49,
684
11,9
1523
.0%
930
973
4.6%
Air
taxi
20,6
6022
,820
22,9
2922
,068
21,1
9921
,199
18,3
63-1
3.4%
1,62
71,
464
-10.
0%
Gen
eral
avi
atio
n36
,317
32,2
9428
,655
34,4
0937
,796
37,7
9631
,073
-17.
8%3,
326
2,06
6-3
7.9%
Mili
tary
10,4
378,
104
7,38
813
,189
16,2
6316
,263
8,07
9-5
0.3%
627
513
-18.
2% T
otal
ope
ratio
ns78
,406
72,8
7167
,919
79,2
8384
,942
84,9
4269
,430
-18.
3%6,
510
5,01
6-2
2.9%
Ann
ual p
erce
nt c
hang
e-7
.1%
-6.8
%16
.7%
7.1%
CO
MPA
RIS
ON
Mid
land
Inte
rnat
iona
l T
otal
ope
ratio
ns70
,566
74,8
9668
,245
72,5
6476
,677
76,6
7770
,385
-8.2
%6,
330
5,30
2-1
6.2%
Ann
ual p
erce
nt c
hang
e6.
1%-8
.9%
6.3%
5.7%
Am
arill
o In
tern
atio
nal
Tot
al o
pera
tions
78,6
6870
,943
68,0
6759
,422
60,7
5360
,753
58,3
85-3
.9%
4,67
24,
406
-5.7
% A
nnua
l per
cent
cha
nge
-9.8
%-4
.1%
-12.
7%2.
2%
For m
ore
info
rmat
ion,
con
tact
Lub
bock
Pre
ston
Sm
ith In
tern
atio
nal A
irpor
t, (8
06) 7
75-3
126.
Thr
ough
Dec
embe
r 20
15
YT
D (J
an-D
ec)
Mon
th o
f Dec
embe
r
City
of L
ubbo
ck, T
X
Lub
bock
Pre
ston
Sm
ith In
tern
atio
nal A
irpo
rtSu
mm
ary
of A
ircr
aft O
pera
tions
122
Air
craf
t cat
egor
y20
1020
1120
1220
1320
1420
1420
15%
cha
nge
Air
carr
ier
10,9
929,
653
8,94
79,
617
9,68
49,
684
11,9
1523
.0%
Air
taxi
20,6
6022
,820
22,9
2922
,068
21,1
9921
,199
18,3
63-1
3.4%
Gen
eral
avi
atio
n36
,317
32,2
9428
,655
34,4
0937
,796
37,7
9631
,073
-17.
8%
Mili
tary
10,4
378,
104
7,38
813
,189
16,2
6316
,263
8,07
9-5
0.3%
Tot
al o
pera
tions
78,4
0672
,871
67,9
1979
,283
84,9
4284
,942
69,4
30-1
8.3%
Ann
ual p
erce
nt c
hang
e-7
.1%
-6.8
%16
.7%
7.1%
City
of L
ubbo
ck, T
X
Ann
ual A
ircr
aft O
pera
tions
Lub
bock
Pre
ston
Sm
ith In
tern
atio
nal A
irpo
rt
YT
D (J
an-D
ec)
0
10,0
00
20,0
00
30,0
00
40,0
00
50,0
00
60,0
00
70,0
00
80,0
00
90,0
00 2
01
02
01
12
01
22
01
32
01
4
Aircraft Operations
Ge
ne
ral av
iati
on
Air
ca
rrie
rA
ir t
axi
Mil
ita
ry
123
City of Lubbock, TXFinance Department
Rating Agency PresentationCemetery Appropriable Net Position Calculation
Current AssetsTotal Current Assets 264,806$
Less: Cash Funded Capital Projects (22,055) Less: Inventories - Less: Due From Others - Less: Prepaid Espenses -
Total Net Current Assets 242,751
Current LiabilitiesAccounts Payable 15,097 Accrued Liabilities 12,142 Customer Deposits - Due to other Funds -
Total Current Liabilities 27,239
Cashflow CalculationsCurrent Assets Less Current Liabilities 215,512 Add: Restricted Cash Reserved for Debt Service 21,384
Total Available Cash at September 30, 2015 236,896$
September 30, 2015Target Net Position Policy 8.00%Target Net Position by Policy 38,092
Available for Reallocation 198,804$ Percentage of Net Position Policy 621.9%
FY 2015-16 Budget:Operating Revenues 423,000$ Non-Operating Revenues 350,181 Less: Expenses (782,499)
Revenue Over/(Under) Expenditures (9,318)
Total Available Cash at September 30, 2016 227,578$
Estimated September 30, 2016Target Net Position Policy 8.00%Target Net Position by Policy 33,840
Available for Appropriation at September 30, 2016 193,738$ Percentage of Net Position Policy 672.5%
124
Ass
ets
2007
2008
2009
2010
2011
2012
2013
2014
2015
Cur
rent
Ass
ets:
Cas
h an
d ca
sh e
quiv
alen
ts1
$
30
$
-
$
31
2$
27,6
36$
50,5
57$
29,4
52$
33,2
31$
25,1
62$
Inve
stm
ents
44 3,
725
59
219,
952
26
2,43
0
263,
022
12
5,35
3
166,
259
18
8,01
0
Acc
ount
s rec
eiva
ble,
(net
)52
,465
49
,913
55
,850
46
,115
46
,555
29
,293
49
,580
63
,055
51
,534
In
tere
st re
ceiv
able
263
-
40 61
73 70
50 88
100
D
ue fr
om o
ther
s-
- 16
5
- -
- -
- -
Tot
al c
urre
nt a
sset
s52
,773
53
,668
56
,114
26
6,44
0
336,
694
34
2,94
2
204,
435
26
2,63
3
264,
806
Res
trict
ed A
sset
s:21
7,25
5
122,
247
73
,060
18
,274
18
,158
23
,453
18
,136
18
,744
21
,395
T
otal
rest
ricte
d as
sets
217,
255
12
2,24
7
73,0
60
18,2
74
18,1
58
23,4
53
18,1
36
18,7
44
21,3
95
Adv
ance
to o
ther
fund
s
Cap
ital A
sset
s:La
nd14
,097
14
,097
14
,097
14
,097
14
,097
14
,097
14
,097
14
,097
14
,097
C
onst
ruct
ion
in p
rogr
ess
653,
166
37
7,18
1
428,
091
95
,314
-
- 1,
492
1,
492
49
,320
Bu
ildin
gs45
,588
55
5,58
8
555,
588
81
9,12
2
846,
652
84
6,65
2
846,
652
84
6,65
2
846,
652
Im
prov
emen
ts o
ther
than
bui
ldin
gs22
,251
22
,251
-
22,2
51
77,8
58
77,8
58
77,8
58
77,8
58
77,8
58
Mac
hine
ry a
nd e
quip
men
t28
4,03
0
330,
059
33
7,34
9
461,
809
48
1,52
9
561,
989
62
2,18
2
619,
531
70
0,53
1
Allo
wan
ce fo
r dep
reci
atio
n(2
90,5
58)
(3
46,0
98)
(3
63,0
21)
(3
79,1
92)
(4
09,1
21)
(4
43,2
77)
(4
80,3
38)
(4
87,0
22)
(5
26,1
31)
N
et p
rope
rty, p
lant
and
equ
ipm
ent
728,
574
95
3,07
8
972,
104
1,
033,
401
1,
011,
015
1,
057,
319
1,
081,
943
1,
072,
608
1,
162,
327
Tota
l ass
ets
998,
602
1,
128,
993
1,
101,
278
1,
318,
115
1,
365,
867
1,
423,
714
1,
304,
514
1,
353,
985
1,
448,
528
Def
ferre
d O
utflo
ws o
f Res
ourc
es
Def
erre
d ch
arge
on
refu
ndin
g-
- -
- -
- 8,
193
29
,379
34
,864
D
efer
red
outfl
ows f
rom
pen
sions
- -
- -
- -
- -
46,6
18
Tota
l def
erre
d ou
tflow
s of r
esou
rces
- -
- -
- -
8,19
3
29,3
79
81,4
82
City
of L
ubbo
ck, T
XC
emet
ery
Fund
Bal
ance
She
etFo
r Fisc
al Y
ears
End
ed S
epte
mbe
r 30
125
Liab
ilitie
s and
Net
Pos
ition
2007
2008
2009
2010
2011
2012
2013
2014
2015
Cur
rent
liab
ilitie
s:A
ccou
nts p
ayab
le9,
765
11,1
22
7,
189
7,38
1
11
,316
15,1
76
5,
696
24,0
78
15
,097
Acc
rued
liab
ilitie
s13
,895
17,2
09
18
,715
17,9
37
7,
109
7,60
1
9,
523
6,85
4
12
,142
Acc
rued
inte
rest
pay
able
5,12
6
4,
056
3,93
5
3,
794
3,63
3
3,
513
3,56
7
4,
856
3,09
2
D
ue to
oth
er fu
nds
5,61
6
24
5,00
0
107,
100
-
-
-
-
-
-
U
near
ned
reve
nue
79,6
94
81
,621
3,22
0
3,
220
3,22
0
3,
220
3,22
0
3,
220
3,22
0
Le
ases
pay
able
-
-
-
-
-
7,19
4
12
,902
13,1
15
13
,468
Bond
s pay
able
21,9
12
22
,948
23,9
28
25
,037
26,3
09
27
,680
27,9
20
28
,334
33,7
48
T
otal
cur
rent
liab
ilitie
s13
6,00
8
381,
956
16
4,08
7
57,3
69
51
,587
64,3
84
62
,828
80,4
57
80
,767
Long
-term
liab
ilitie
s:C
ompe
nsat
ed a
bsen
ces
50,9
96
54
,575
55,7
75
58
,120
57,0
70
58
,483
57,8
26
14
,823
20,8
33
Po
st e
mpl
oym
ent b
enef
its-
23
,923
37,0
94
62
,710
82,0
27
11
1,97
3
143,
887
17
0,14
6
201,
588
N
et p
ensio
n ob
ligat
ion
-
-
9,04
1
22
,069
35,1
09
37
,829
38,1
04
38
,347
236,
960
R
ebat
able
arb
itrag
e3,
791
3,89
7
1,
618
-
-
-
-
-
-
Leas
es p
ayab
le-
-
-
-
-
73
,266
112,
009
98
,894
85,4
27
Bo
nds p
ayab
le66
3,58
9
640,
473
61
6,38
3
591,
184
56
4,71
3
536,
871
51
5,37
1
504,
154
47
4,92
7
Tot
al lo
ng-te
rm li
abili
ties
718,
376
72
2,86
8
719,
911
73
4,08
3
738,
919
81
8,42
2
867,
197
82
6,36
4
1,01
9,73
5
To
tal l
iabi
litie
s85
4,38
4
1,10
4,82
4
88
3,99
8
791,
452
79
0,50
6
882,
806
93
0,02
5
906,
821
1,
100,
502
Def
erre
d In
flow
s of R
esou
rces
Def
erre
d in
flow
from
pen
sions
-
-
-
-
-
-
-
-
11,2
70
Tota
l def
erre
d in
flow
of r
esou
rces
-
-
-
-
-
-
-
-
11,2
70
Net
pos
ition
Net
inve
stm
ent i
n ca
pita
l ass
ets
43,0
73$
39
6,00
3$
388,
487
$
41
8,56
7$
420,
663
$
41
7,59
9$
421,
934
$
42
8,11
1$
500,
534
$
R
estri
cted
for:
C
apita
l pro
ject
s20
0,48
8
-
-
-
-
-
-
-
-
D
ebt S
ervi
ce16
,767
15,8
85
16
,366
16,8
87
17
,488
18,1
62
18
,136
18,7
44
21
,384
Unr
estri
cted
(116
,110
)
(387
,719
)
(187
,573
)
91,2
09
13
7,21
0
105,
147
(5
7,38
8)
29,6
88
(1
03,6
80)
To
tal n
et p
ositi
on14
4,21
8$
24,1
69$
21
7,28
0$
526,
663
$
57
5,36
1$
540,
908
$
38
2,68
2$
476,
543
$
41
8,23
8$
Bal
ance
She
etFo
r Fisc
al Y
ears
End
ed S
epte
mbe
r 30
City
of L
ubbo
ck, T
XC
emet
ery
Fund
126
2007
2008
2009
2010
2011
2012
2013
**20
1420
15**
Ope
ratin
g re
venu
es:
Cha
rges
for s
ervi
ces (
net)
287,
622
$
335,
884
$
462,
333
$
436,
534
$
438,
741
$
410,
604
$
434,
993
$
450,
267
$
476,
144
$
Tot
al o
pera
ting
reve
nues
287,
622
33
5,88
4
462,
333
43
6,53
4
438,
741
41
0,60
4
434,
993
45
0,26
7
476,
144
Ope
ratin
g ex
pens
es:
Pers
onal
serv
ices
366,
041
40
6,03
8
407,
392
42
1,65
8
400,
968
44
2,46
1
404,
678
36
7,09
1
419,
159
Su
pplie
s25
,359
58
,808
42
,018
44
,672
53
,701
56
,253
28
,521
35
,582
49
,023
M
aint
enan
ce23
,459
47
,504
34
,021
25
,378
42
,499
28
,005
28
,880
28
,877
38
,700
O
ther
serv
ices
and
cha
rges
179,
960
18
5,31
3
170,
051
14
8,70
2
153,
538
16
8,98
9
159,
266
16
9,13
8
157,
781
D
epre
ciat
ion
and
amor
tizat
ion
2,18
1
18,0
55
19,0
90
26,1
92
23,1
03
34,1
57
31,5
91
36,1
47
39,1
10
Tot
al o
pera
ting
expe
nses
597,
000
71
5,71
8
672,
572
66
6,60
2
673,
809
72
9,86
5
652,
936
63
6,83
5
703,
773
Ope
ratin
g in
com
e (lo
ss)
(309
,378
)
(379
,834
)
(210
,239
)
(230
,068
)
(235
,068
)
(319
,261
)
(217
,943
)
(186
,568
)
(227
,629
)
Non
-ope
ratin
g re
venu
es (e
xpen
ses)
:In
tere
st1,
238
5,
446
53
0
- 3,
004
4,
591
68
3
2,10
3
4,70
1
Dis
posi
tion
of P
rope
rties
1,24
7
- 3,
297
-
22,4
91
21,4
71
3,37
3
4,20
0
- In
tere
st e
xpen
se(3
9,71
7)
(18,
602)
(1
4,00
8)
(9,5
54)
(2
9,88
8)
(28,
606)
(2
6,76
6)
(24,
891)
(1
9,83
0)
Tot
al n
on-o
pera
ting
reve
nues
(exp
ense
s)(3
7,23
2)
(13,
156)
(1
0,18
1)
(9,5
54)
(4
,393
)
(2,5
44)
(2
2,71
0)
(18,
588)
(1
5,12
9)
Inc
ome
(loss
) bef
ore
oper
atin
g tra
nsfe
rs(3
46,6
10)
(3
92,9
90)
(2
20,4
20)
(2
39,6
22)
(2
39,4
61)
(3
21,8
05)
(2
40,6
53)
(2
05,1
56)
(2
42,7
58)
C
apita
l Con
tribu
tions
193,
331
8,
544
-
- -
- 3,
076
26
,812
-
Tran
sfer
s in
297,
497
26
4,39
7
413,
531
54
9,00
5
288,
159
28
7,35
2
80,2
34
272,
205
35
4,61
8
Tran
sfer
s (ou
t)-
- -
- -
- -
- -
Cha
nge
in n
et p
ositi
on14
4,21
8
(120
,049
)
193,
111
30
9,38
3
48,6
98
(34,
453)
(1
57,3
43)
93
,861
11
1,86
0
Tota
l net
pos
ition
- be
ginn
ing
of y
ear
- 14
4,21
8
24,1
69
217,
280
52
6,66
3
575,
361
54
0,02
5
382,
682
30
6,37
8
Tota
l net
pos
ition
- en
ding
144,
218
$
24,1
69$
21
7,28
0$
52
6,66
3$
57
5,36
1$
54
0,90
8$
38
2,68
2$
47
6,54
3$
41
8,23
8$
**N
et p
ositi
on -
beg
inni
ng o
f yea
r was
rest
ated
GA
SB 3
4 fo
rmat
of p
rese
ntin
g ne
t ass
ets
City
of L
ubbo
ck, T
XC
emet
ery
Fund
For
Fisc
al Y
ears
End
ed S
epte
mbe
r 30
Sta
tem
ent o
f Rev
enue
s, E
xpen
ses,
and
Cha
nges
in F
und
Net
Pos
ition
127
Fund
ing
Am
ount
Exp
Oct
ober
Nov
embe
rD
ecem
ber
Proj
ect t
oFu
nds
% F
unds
% o
f Bud
get
Orig
Dat
e of
Clo
sed
Proj
ect N
umbe
r/Nam
eTo
Dat
eA
s of 9
/30/
2015
2015
2015
2015
Dat
e To
tal
Rem
aini
ngR
emai
ning
Spen
tA
ppro
pria
tion
9226
2C
emet
ery
Perm
anen
t Im
prov
emen
ts71
,375
$
49,3
20
--
- 49
,320
22
,055
30
.90
69
.10
9/
8/20
11To
tal
71,3
75$
49
,320
-
--
49,3
20
22,0
55
30.9
0
69.1
0
Cem
eter
y C
apita
l Pro
ject
sA
s of D
ecem
ber
31, 2
015
City
of L
ubbo
ck, T
XFi
nanc
e D
epar
tmen
tR
atin
g A
genc
ies P
rese
ntat
ion
128
City of Lubbock, TXFinance Department
Rating Agency PresentationCivic Center Appropriable Net Position Calculation
Current AssetsTotal Current Assets 4,999,625$
Less: Cash Funded Capital Projects (3,590,706) Total Net Current Assets 1,408,919
Current LiabilitiesAccounts Payable 960,277 Accrued Liabilities 41,332 Customer Deposits 140,304 Due to other Funds -
Total Current Liabilities 1,141,913
Cashflow CalculationsCurrent Assets Less Current Liabilities 267,006 Add: Restricted Cash Reserved for Debt Service 178,342
Total Available Cash at September 30, 2015 445,348$
September 30, 2015Target Net Position Policy 8.00%Target Net Position by Policy 55,874
Available for Reallocation 389,474$ Percentage of Net Position Policy 797.1%
FY 2015-16 Budget:Operating Revenues 614,900$ Non-Operating Revenues 2,918,971 Less: Expenses (3,561,762)
Revenue Over/(Under) Expenses (27,891)
Total Available Cash at September 30, 2016 417,457$
Estimated September 30, 2016Target Net Position Policy 8.00%Target Net Position by Policy 49,192
Available for Appropriation at September 30, 2016 368,265$ Percentage of Net Position Policy 848.6%
129
City
of L
ubbo
ck, T
X H
ealth
Ben
efits
Fun
dSt
atem
ent o
f Rev
enue
s, Ex
pens
es, a
nd C
hang
es in
Net
Pos
ition
For F
isca
l Yea
rs E
nded
Sep
tem
ber 3
0
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Ope
ratin
g re
venu
es:
Cha
rges
for s
ervi
ces
16,8
27,2
89$
21
,419
,274
$
22,2
50,1
77$
22
,702
,270
$
21,9
85,2
30$
21
,553
,236
$
28,9
18,8
86$
29
,020
,459
$
29,1
66,7
38$
29
,647
,308
$
Tot
al o
pera
ting
reve
nues
16,8
27,2
89
21,4
19,2
74
22,2
50,1
77
22,7
02,2
70
21,9
85,2
30
21,5
53,2
36
28,9
18,8
86
29,0
20,4
59
29,1
66,7
38
29,6
47,3
08
Ope
ratin
g ex
pens
es:
Pers
onal
serv
ices
143,
532
15
1,01
2
168,
687
18
4,78
8
177,
652
19
3,21
1
214,
651
21
8,48
7
221,
241
23
0,82
4
Insu
ranc
e ex
pens
e19
,060
,956
17
,307
,683
19
,333
,090
21
,088
,133
23
,795
,792
27
,204
,210
26
,355
,546
27
,037
,884
29
,730
,263
30
,566
,300
Su
pplie
s9,
498
9,
835
5,
909
8,
158
6,
365
6,
658
6,
143
7,
791
7,
392
7,
415
M
aint
enan
ce7,
692
-
- -
- -
- -
- -
Oth
er se
rvic
es a
nd c
harg
es38
,317
14
7,83
2
107,
684
57
,750
12
8,36
1
123,
161
13
2,56
6
116,
503
46
6,03
9
412,
321
D
epre
ciat
ion
- -
- -
- -
- -
- -
Tot
al o
pera
ting
expe
nses
19,2
59,9
95
17,6
16,3
62
19,6
15,3
70
21,3
38,8
29
24,1
08,1
70
27,5
27,2
40
26,7
08,9
06
27,3
80,6
65
30,4
24,9
35
31,2
16,8
60
Ope
ratin
g in
com
e (lo
ss)
(2,4
32,7
06)
3,
802,
912
2,
634,
807
1,
363,
441
(2
,122
,940
)
(5,9
74,0
04)
2,
209,
980
1,
639,
794
(1
,258
,197
)
(1,5
69,5
52)
Non
-ope
ratin
g re
venu
es (e
xpen
ses)
:In
tere
st ea
rnin
gs18
2,94
8
233,
302
36
8,19
7
187,
637
18
,228
4,
488
10
,703
7,
071
36
,051
78
,186
D
ispos
ition
of p
rope
rties
- -
- -
- -
- -
- -
Misc
ella
neou
s-
- 12
3,17
2
185,
378
58
6,28
5
170,
205
4,
335,
464
33
5,58
2
239,
302
40
8,25
6
Tot
al n
on-o
pera
ting
reve
nues
(exp
ense
s)18
2,94
8
233,
302
49
1,36
9
373,
015
60
4,51
3
174,
693
4,
346,
167
34
2,65
3
275,
353
48
6,44
2
Inc
ome
(loss
) bef
ore
cont
ribut
ions
and
tran
sfer
s(2
,249
,758
)
4,03
6,21
4
3,12
6,17
6
1,73
6,45
6
(1,5
18,4
27)
(5
,799
,311
)
6,55
6,14
7
1,98
2,44
7
(982
,844
)
(1,0
83,1
10)
Con
tribu
tions
and
tran
sfer
s:Tr
ansf
ers i
n-
- -
- -
- -
3,00
0,00
0
- -
Tran
sfer
s out
- -
- -
- -
- -
- -
Cha
nge
in n
et p
ositi
on(2
,249
,758
)
4,03
6,21
4
3,12
6,17
6
1,73
6,45
6
(1,5
18,4
27)
(5
,799
,311
)
6,55
6,14
7
4,98
2,44
7
(982
,844
)
(1,0
83,1
10)
To
tal n
et p
ositi
on -
begi
nnin
g of
yea
r**
2,05
0,87
4
(198
,884
)
3,83
7,33
0
6,96
3,50
6
8,69
9,96
2
7,18
1,53
5
1,38
2,22
4
7,93
8,37
1
12,9
20,8
18
11,8
28,7
05
Tota
l net
pos
ition
- en
ding
(198
,884
)$
3,
837,
330
$
6,
963,
506
$
8,
699,
962
$
7,
181,
535
$
1,
382,
224
$
7,
938,
371
$
12
,920
,818
$
11,9
37,9
74$
10
,745
,595
$
** T
he c
umul
ativ
e ef
fect
of a
pply
ing
GA
SB S
tate
men
t No.
68,
"Acc
ount
ing
and
Fina
ncia
l Rep
ortin
g fo
r Pen
sion
s" re
sulte
d in
beg
inni
ng st
atem
ent o
f net
pos
ition
for F
Y 2
015
bein
g re
stat
ed.
130
Ass
ets
2008
2009
2010
2011
2012
2013
2014
2015
Cur
rent
Ass
ets:
Cas
h an
d ca
sh e
quiv
alen
ts2,
933
$
4,03
0$
1,
136
$
94,0
62$
57
9,42
4$
74
9,51
7$
73
7,97
8$
58
1,62
0$
In
vest
men
ts35
9,16
2
776,
423
84
9,63
3
893,
207
3,
014,
434
3,
190,
048
3,
692,
259
4,
345,
808
A
ccou
nts r
ecei
vabl
e, (n
et)
99,2
66
105,
107
12
4,71
9
87,3
40
100,
565
89
,756
95
,778
68
,921
In
tere
st R
ecei
vabl
e-
- 25
5
1,77
4
1,78
2
3,22
8
4,09
2
3,27
6
Due
from
oth
ers
- 21
,813
-
11,6
25
- -
- -
Tot
al c
urre
nt a
sset
s46
1,36
1
907,
373
97
5,74
3
1,08
8,00
8
3,69
6,20
5
4,03
2,54
9
4,53
0,10
7
4,99
9,62
5
Res
trict
ed A
sset
s:-
442,
680
6,
287,
301
5,
869,
715
5,
143,
340
4,
817,
188
2,
945,
975
1,
355,
220
T
otal
rest
ricte
d as
sets
- 44
2,68
0
6,28
7,30
1
5,86
9,71
5
5,14
3,34
0
4,81
7,18
8
2,94
5,97
5
1,35
5,22
0
Cap
ital A
sset
s:La
nd1,
238,
454
1,
238,
454
1,
238,
454
1,
238,
454
1,
238,
454
1,
238,
454
1,
238,
454
1,
238,
454
C
onst
ruct
ion
in p
rogr
ess
- 83
,507
44
8,44
0
1,55
3,96
6
2,16
8,85
4
2,20
1,73
4
267,
293
27
9,66
6
Bui
ldin
gs21
,317
,202
21
,885
,776
21
,860
,776
21
,860
,776
21
,860
,776
21
,908
,276
22
,398
,764
22
,279
,024
Im
prov
emen
ts o
ther
than
bui
ldin
gs2,
609,
599
2,
767,
894
2,
755,
901
2,
755,
901
3,
133,
671
3,
471,
808
5,
274,
449
6,
126,
962
M
achi
nery
and
equ
ipm
ent
5,24
6,61
7
5,29
3,73
2
5,28
1,66
0
5,24
8,17
1
6,46
6,82
2
6,80
0,31
8
6,77
0,68
1
7,22
3,58
5
Allo
wan
ce fo
r dep
reci
atio
n(1
8,81
3,39
2)
(20,
197,
348)
(2
1,31
1,39
1)
(22,
321,
967)
(2
2,85
9,33
1)
(23,
814,
867)
(2
3,35
9,71
8)
(24,
426,
165)
N
et p
rope
rty, p
lant
and
equ
ipm
ent
11,5
98,4
80
11,0
72,0
15
10,2
73,8
40
10,3
35,3
01
12,0
09,2
46
11,8
05,7
23
12,5
89,9
23
12,7
21,5
26
Tota
l ass
ets
12,0
59,8
41
12,4
22,0
68
17,5
36,8
84
17,2
93,0
24
20,8
48,7
91
20,6
55,4
60
20,0
66,0
05
19,0
76,3
71
Def
ferre
d O
utflo
ws o
f Res
ourc
es
Def
erre
d ou
tflow
s fro
m p
ensi
ons
- -
- -
- -
- 15
1,81
2
Tota
l def
erre
d ou
tflow
s of r
esou
rces
- -
- -
- -
- 15
1,81
2
City
of L
ubbo
ck, T
XC
ivic
Cen
ters
Fun
dB
alan
ce S
heet
For F
isca
l Yea
rs E
nded
Sep
tem
ber 3
0
131
Liab
ilitie
s and
Net
Pos
ition
2008
2009
2010
2011
2012
2013
2014
2015
Cur
rent
liab
ilitie
s:A
ccou
nts p
ayab
le70
,703
32
,558
84
,331
24
9,02
7
78,3
08
249,
346
30
3,04
5
960,
277
A
ccru
ed li
abili
ties
59,9
90
65,4
70
70,7
80
26,7
93
25,6
19
32,3
82
42,5
48
41,3
32
Acc
rued
inte
rest
pay
able
136
4,
592
54
,960
36
,302
35
,473
34
,476
33
,383
32
,181
C
usto
mer
dep
osits
67,6
17
59,7
77
53,4
48
59,9
33
107,
261
93
,782
80
,441
14
0,30
4
Com
pens
ated
abs
ence
s11
1,57
4
119,
316
10
8,38
8
106,
008
10
3,34
5
110,
399
84
,086
10
6,86
2
Leas
es p
ayab
le-
- -
- -
2,25
0
6,99
7
7,00
6
Bon
ds p
ayab
le-
8,50
7
125,
941
24
1,20
6
248,
621
25
4,96
0
263,
454
27
3,16
1
Tot
al c
urre
nt li
abili
ties
310,
020
29
0,22
0
497,
848
71
9,26
9
598,
627
77
7,59
5
813,
954
1,
561,
123
Lo
ng-te
rm li
abili
ties:
Com
pens
ated
abs
ence
s11
9,17
7
137,
399
11
2,62
1
91,7
82
98,4
03
113,
740
69
,807
63
,476
Po
st e
mpl
oym
ent b
enef
its88
,857
13
7,77
7
224,
232
29
3,22
0
395,
892
51
8,98
7
632,
777
74
5,07
0
Net
pen
sion
obl
igat
ion
- 26
,614
62
,460
10
1,55
4
108,
395
10
9,20
1
109,
926
77
1,65
8
Leas
es p
ayab
le-
- -
- -
22,0
25
66,6
53
59,6
47
Bon
ds p
ayab
le-
492,
447
6,
336,
066
6,
093,
185
5,
842,
889
5,
622,
598
5,
355,
317
5,
078,
329
T
otal
long
-term
liab
ilitie
s20
8,03
4
794,
237
6,
735,
379
6,
579,
741
6,
445,
579
6,
386,
551
6,
234,
480
6,
718,
180
To
tal l
iabi
litie
s51
8,05
4
1,08
4,45
7
7,23
3,22
7
7,29
9,01
0
7,04
4,20
6
7,16
4,14
6
7,04
8,43
4
8,27
9,30
3
Def
erre
d In
flow
s of R
esou
rces
Def
erre
d in
flow
from
pen
sion
s-
- -
- -
- -
36,7
02
Tota
l def
erre
d in
flow
of r
esou
rces
- -
- -
- -
- 36
,702
Net
pos
ition
Net
inve
stm
ent i
n ca
pita
l ass
ets
11,5
98,4
80$
10
,996
,671
$
9,90
5,08
0$
9,
736,
779
$
10,9
12,4
31$
10
,537
,913
$
9,66
9,62
5$
8,
480,
261
$
Res
trict
ed fo
r:
Deb
t Ser
vice
- 17
,071
19
4,05
4
133,
846
14
8,64
5
183,
165
17
3,85
2
178,
342
U
nres
trict
ed(5
6,69
3)
323,
869
20
4,52
3
123,
389
2,
743,
509
2,
770,
236
3,
174,
094
2,
253,
575
T
otal
net
pos
ition
11,5
41,7
87$
11
,337
,611
$
10,3
03,6
57$
9,
994,
014
$
13,8
04,5
85$
13
,491
,314
$
13,0
17,5
71$
10
,912
,178
$
City
of L
ubbo
ck, T
XC
ivic
Cen
ters
Fun
dB
alan
ce S
heet
For F
isca
l Yea
rs E
nded
Sep
tem
ber 3
0
132
2008
2009
2010
2011
2012
2013
**20
1420
15**
Ope
ratin
g re
venu
es:
Cha
rges
for s
ervi
ces (
net)
717,
494
$
693,
798
$
640,
228
$
693,
467
$
663,
415
$
701,
855
$
691,
871
$
698,
421
$
Tot
al o
pera
ting
reve
nues
717,
494
69
3,79
8
640,
228
69
3,46
7
663,
415
70
1,85
5
691,
871
69
8,42
1
Ope
ratin
g ex
pens
es:
Pers
onal
serv
ices
1,74
0,28
8
1,72
3,92
4
1,60
4,39
3
1,58
0,27
6
1,66
5,10
3
1,71
4,25
7
1,69
2,79
7
1,81
2,55
3
Supp
lies
70,7
01
79,0
18
84,0
82
78,3
63
71,4
74
99,0
36
105,
403
83
,817
M
aint
enan
ce37
1,87
9
318,
493
28
7,57
2
372,
385
30
6,38
8
241,
810
23
5,84
9
317,
513
O
ther
serv
ices
and
cha
rges
1,11
5,19
9
767,
460
82
9,32
6
738,
251
77
3,64
0
773,
088
1,
292,
530
1,
564,
569
D
epre
ciat
ion
and
amor
tizat
ion
813,
674
1,
383,
956
1,
163,
108
1,
044,
065
1,
075,
117
1,
107,
549
1,
119,
431
1,
294,
698
T
otal
ope
ratin
g ex
pens
es4,
111,
741
4,
272,
851
3,
968,
481
3,
813,
340
3,
891,
722
3,
935,
740
4,
446,
010
5,
073,
150
Ope
ratin
g in
com
e (lo
ss)
(3,3
94,2
47)
(3
,579
,053
)
(3,3
28,2
53)
(3
,119
,873
)
(3,2
28,3
07)
(3
,233
,885
)
(3,7
54,1
39)
(4
,374
,729
)
Non
-ope
ratin
g re
venu
es (e
xpen
ses)
:In
tere
st37
9
13,5
04
8,60
0
8,08
0
10,9
21
2,34
8
9,67
0
24,8
87
Mis
cella
neou
s-
5,24
9
5,38
7
419
43
3,18
2
- 81
3
4,66
8
Inte
rest
exp
ense
- -
(14,
593)
(4
8,36
2)
(39,
328)
(6
6,36
3)
(17,
423)
(1
7,07
8)
Tot
al n
on-o
pera
ting
reve
nues
(exp
ense
s)37
9
18,7
53
(606
)
(39,
863)
40
4,77
5
(64,
015)
(6
,940
)
12,4
77
Inc
ome
(loss
) bef
ore
oper
atin
g tra
nsfe
rs(3
,393
,868
)
(3,5
60,3
00)
(3
,328
,859
)
(3,1
59,7
36)
(2
,823
,532
)
(3,2
97,9
00)
(3
,761
,079
)
(4,3
62,2
52)
C
apita
l Con
tribu
tions
12,2
99,6
92
793,
966
-
- 2,
109,
900
12
1,79
0
130,
000
-
Tran
sfer
s in
2,63
5,96
3
2,56
2,15
8
2,29
4,90
5
2,85
0,09
3
4,52
4,20
3
2,90
1,33
5
3,15
7,33
6
2,82
5,95
1
Tran
sfer
s (ou
t)-
- -
- -
- -
-
C
hang
e in
net
pos
ition
11,5
41,7
87
(204
,176
)
(1,0
33,9
54)
(3
09,6
43)
3,
810,
571
(2
74,7
75)
(4
73,7
43)
(1
,536
,301
)
Tota
l net
pos
ition
- be
ginn
ing
of y
ear
- 11
,541
,787
11
,337
,611
10
,303
,657
9,
994,
014
13
,766
,089
13
,491
,314
12
,448
,479
To
tal n
et p
ositi
on -
endi
ng11
,541
,787
$
11
,337
,611
$
10
,303
,657
$
9,
994,
014
$
13,8
04,5
85$
13,4
91,3
14$
13,0
17,5
71$
10,9
12,1
78$
**N
et p
ositi
on -
beg
inni
ng o
f yea
r was
rest
ated
City
of L
ubbo
ck, T
XC
ivic
Cen
ters
Fun
d S
tate
men
t of R
even
ues,
Exp
ense
s, an
d C
hang
es in
Fun
d N
et P
ositi
onFo
r Fi
scal
Yea
rs E
nded
Sep
tem
ber
30
133
Fund
ing
Am
ount
Exp
Oct
ober
Nov
embe
rD
ecem
ber
Proj
ect t
oFu
nds
% F
unds
% o
f Bud
get
Orig
Dat
e of
Clo
sed
Proj
ect N
umbe
r/Nam
eTo
Dat
eA
s of 9
/30/
2015
2015
2015
2015
Dat
e To
tal
Rem
aini
ngR
emai
ning
Spen
tA
ppro
pria
tion
8594
Col
iseu
m P
arki
ng L
ot S
eal C
oat
91,1
41$
-
--
- -
91,1
41
100.
00
- 9/
11/2
014
9119
5C
ivic
Cen
ter R
enov
atio
ns9,
126,
853
5,41
7,66
0
37
0,39
6
181,
703
423,
091
6,
392,
850
2,73
4,00
3
29
.96
70
.04
9/
11/2
008
9232
6A
udito
rium
Air
Han
dler
Uni
t Rep
lace
men
t43
2,00
0
- -
--
- 43
2,00
0
100.
00
- 9/
10/2
013
Tota
l9,
649,
994
$
5,41
7,66
0
37
0,39
6
181,
703
423,
091
6,
392,
850
3,25
7,14
4
33
.75
66
.25
Art
s and
Ent
erta
inm
ent F
acili
ties C
apita
l Pro
ject
sA
s of D
ecem
ber
31, 2
015
Rat
ing
Age
ncie
s Pre
sent
atio
n
City
of L
ubbo
ck, T
XFi
nanc
e D
epar
tmen
t
134
City
of L
ubbo
ck, T
XFl
eet M
aint
enan
ce F
und
Stat
emen
t of N
et P
ositi
on
For F
isca
l Yea
rs E
nded
Sep
tem
ber 3
0
Ass
ets
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Cur
rent
Ass
ets:
Pool
ed c
ash
and
cash
equ
ival
ents
-$
3,86
4$
4,
347
$
4,37
3$
1,
346
$
75,8
31$
17
7,92
8$
227,
727
$
13
9,92
5$
101,
235
$
In
vest
men
ts-
27
8,66
2
532,
190
84
2,54
6
948,
634
72
0,08
7
925,
665
96
9,23
9
700,
074
75
6,41
9
Due
from
oth
er fu
nds
-
-
-
-
-
-
-
-
-
-
Due
from
oth
ers
-
-
-
524
-
-
-
-
-
-
In
tere
st re
ceiv
able
412
-
2,
082
2,09
1
24
3
-
342
68
8
541
57
1
Inve
ntor
y, a
t cos
t42
1,91
7
343,
161
40
4,10
4
196,
524
26
2,43
8
210,
753
18
8,64
2
205,
773
24
1,21
4
221,
749
T
otal
cur
rent
ass
ets
422,
329
62
5,68
7
942,
723
1,
046,
058
1,21
2,66
1
1,
006,
671
1,29
2,57
7
1,
403,
427
1,08
1,75
4
1,
079,
974
Res
trict
ed A
sset
s:R
estri
cted
inve
stm
ents
275,
431
54
5,52
4
681,
109
12
,683
12,9
99
Tot
al re
stric
ted
asse
ts-
-
-
-
-
27
5,43
1
545,
524
68
1,10
9
12,6
83
12
,999
Prop
erty
, pla
nt a
nd e
quip
men
t:La
ndB
uild
ings
1,46
9,76
5
1,
469,
765
1,46
9,76
5
1,
469,
765
1,46
9,76
5
1,
469,
765
1,46
9,76
5
1,
469,
765
1,46
9,76
5
1,
469,
765
Impr
ovem
ents
oth
er th
an b
uild
ings
-
-
-
-
-
-
10,6
50
10
,650
10,6
50
89
8,61
4
Mac
hine
ry a
nd e
quip
men
t52
8,17
8
542,
027
62
5,33
5
603,
642
71
4,45
1
1,16
7,90
8
1,
057,
858
1,26
5,53
9
1,
138,
328
1,29
6,11
3
C
onst
ruct
ion
in p
rogr
ess
-
-
-
-
-
-
-
34,4
37
88
5,52
0
-
A
llow
ance
for d
epre
ciat
ion
(1,1
20,0
86)
(1,1
79,9
34)
(1,3
05,9
62)
(1,2
87,8
96)
(1,3
05,3
39)
(1,5
37,9
97)
(1,4
63,1
95)
(1,6
95,3
18)
(1,6
31,6
89)
(1,8
37,4
08)
Net
pro
perty
, pla
nt a
nd e
quip
men
t87
7,85
7
831,
858
78
9,13
8
785,
511
87
8,87
7
1,09
9,67
6
1,
075,
078
1,08
5,07
3
1,
872,
574
1,82
7,08
4
Tota
l ass
ets
1,30
0,18
6
1,
457,
545
1,73
1,86
1
1,
831,
569
2,09
1,53
8
2,
381,
778
2,91
3,17
9
3,
169,
609
2,96
7,01
1
2,
920,
057
Def
erre
d O
utflo
ws o
f Res
ourc
esD
efer
red
outfl
ows f
rom
pen
sion
s-
-
-
-
-
-
-
-
-
134,
219
Tota
l def
erre
d ou
tflow
s of r
esou
rces
-
-
-
-
-
-
-
-
-
13
4,21
9
135
City
of L
ubbo
ck, T
XFl
eet M
aint
enan
ce F
und
Stat
emen
t of N
et P
ositi
on
For F
isca
l Yea
rs E
nded
Sep
tem
ber 3
0
Liab
ilitie
s, D
efer
red
Inflo
ws o
f Res
ourc
es20
0620
0720
0820
0920
1020
1120
1220
1320
1420
15an
d N
et P
ositi
onC
urre
nt li
abili
ties:
Acc
ount
s and
vou
cher
s pay
able
318,
844
47
2,79
5
392,
051
39
4,04
8
389,
924
26
8,91
1
547,
472
90
3,37
2
385,
464
27
4,88
8
Due
to o
ther
fund
s38
,885
- -
- -
- -
- -
- A
ccru
ed li
abili
ties
27,3
60
35
,340
29,2
27
40
,058
41,9
00
12
,130
13,3
35
21
,783
23,7
80
26
,381
Acc
rued
inte
rest
pay
able
- 74
7
- -
- 3,
011
3,
775
2,
868
2,
869
2,
758
C
ompe
nsat
ed a
bsen
ces
64,9
40
60
,397
37,9
04
32
,518
31,2
52
21
,862
20,0
59
62
,137
53,5
24
57
,698
Leas
es p
ayab
le-
- -
- -
- 3,
841
7,
067
7,
164
7,
365
B
onds
pay
able
- -
- -
- 3,
930
13
,544
17,3
71
17
,938
18,6
19
T
otal
cur
rent
liab
ilitie
s45
0,02
9
569,
279
45
9,18
2
466,
624
46
3,07
6
309,
844
60
2,02
6
1,01
4,59
8
49
0,73
9
387,
709
Long
-term
liab
ilitie
s:A
dvan
ce fr
om o
ther
fund
s-
- -
- -
- -
- -
- A
ccru
ed in
sura
nce
clai
ms
- -
- -
- -
- -
- -
Com
pens
ated
abs
ence
s83
,626
73,2
57
40
,488
37,4
46
32
,473
18,9
28
19
,099
64,0
17
44
,434
34,2
73
Po
st e
mpl
oym
ent b
enef
its-
- 51
,263
83,2
49
13
4,48
2
173,
115
24
1,56
3
323,
627
38
9,27
4
456,
651
N
et p
ensi
on li
abili
ty-
- -
18,8
09
46
,070
75,2
34
79
,798
80,5
53
81
,187
682,
236
Le
ases
Pay
able
- -
- -
- -
39,1
24
67
,159
59,9
95
52
,630
Bon
ds p
ayab
le-
- -
- -
263,
868
51
4,11
5
498,
776
47
8,68
4
457,
911
T
otal
long
-term
liab
ilitie
s83
,626
73,2
57
91
,751
139,
504
21
3,02
5
531,
145
89
3,69
9
1,03
4,13
2
1,
053,
574
1,68
3,70
1
Tota
l lia
bilit
ies
533,
655
64
2,53
6
550,
933
60
6,12
8
676,
101
84
0,98
9
1,49
5,72
5
2,
048,
730
1,54
4,31
3
2,
071,
410
Def
erre
d In
flow
s of R
esou
rces
Def
erre
d in
flow
s fro
m p
ensi
ons
- -
- -
- -
- -
- 32
,449
Tota
l def
erre
d in
flow
s of r
esou
rces
- -
- -
- -
- -
- 32
,449
Net
Pos
ition
Inv
estm
ent i
n ca
pita
l ass
ets
877,
857
83
1,85
8
789,
138
78
5,51
1
878,
877
1,
099,
199
1,03
7,55
4
1,
014,
827
1,30
9,38
5
1,
291,
150
Res
trict
ed fo
r deb
t ser
vice
- -
- -
- 8,
111
12
,424
160,
982
12
,092
12,4
08
U
nres
trict
ed(1
11,3
26)
(1
6,84
9)
391,
790
43
9,93
0
536,
560
43
3,47
9
367,
476
(5
4,93
0)
101,
221
(3
53,1
41)
T
otal
net
pos
ition
766,
531
$
81
5,00
9$
1,18
0,92
8$
1,
225,
441
$
1,41
5,43
7$
1,
540,
789
$
1,41
7,45
4$
1,
120,
879
$
1,42
2,69
8$
95
0,41
7$
136
City
of L
ubbo
ck, T
XFl
eet M
aint
enan
ce F
und
Stat
emen
t of R
even
ues,
Expe
nses
, and
Cha
nges
in N
et P
ositi
on
For F
iscal
Yea
rs E
nded
Sep
tem
ber 3
0
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Ope
ratin
g re
venu
es:
Cha
rges
for s
ervi
ces
7,73
7,57
9$
7,95
9,45
8$
9,26
0,37
8$
7,97
1,74
6$
8,68
1,59
0$
9,08
8,61
4$
10,0
68,2
99$
10,6
35,8
60$
10,5
99,4
85$
11,1
99,0
91$
Adm
inist
rativ
e ch
arge
s-
- -
- -
- -
- -
- T
otal
ope
ratin
g re
venu
es7,
737,
579
7,
959,
458
9,
260,
378
7,
971,
746
8,
681,
590
9,
088,
614
10
,068
,299
10
,635
,860
10
,599
,485
11
,199
,091
Ope
ratin
g ex
pens
es:
Pers
onal
serv
ices
1,07
9,32
0
1,02
5,76
4
903,
954
92
8,39
1
938,
099
87
5,31
4
780,
845
1,
156,
766
1,
016,
568
1,
083,
577
Su
pplie
s36
,016
39
,460
33
,458
50
,641
68
,666
54
,491
37
,251
33
,195
24
,974
33
,849
M
ater
ials
6,27
9,36
6
6,56
8,15
1
7,85
2,12
3
6,43
9,66
0
7,17
3,89
1
7,72
5,76
0
9,05
5,87
8
9,47
7,46
0
9,24
0,16
1
9,66
8,64
1
Mai
nten
ance
184,
827
55
,395
41
,582
31
,092
11
5,56
3
90,5
55
36,7
18
48,3
70
29,3
05
43,8
51
Oth
er se
rvic
es a
nd c
harg
es16
7,81
3
176,
758
25
7,26
1
429,
984
15
9,68
7
189,
637
19
0,51
3
132,
186
17
4,96
4
170,
117
D
epre
ciat
ion
48,5
08
46,0
00
42,7
19
53,2
93
42,3
58
66,3
84
89,6
29
88,0
57
73,0
19
118,
489
T
otal
ope
ratin
g ex
pens
es7,
795,
850
7,
911,
528
9,
131,
097
7,
933,
061
8,
498,
264
9,
002,
141
10
,190
,834
10
,936
,034
10
,558
,991
11
,118
,524
Ope
ratin
g in
com
e (lo
ss)
(58,
271)
47
,930
12
9,28
1
38,6
85
183,
326
86
,473
(1
22,5
35)
(3
00,1
74)
40
,494
80
,567
Non
-ope
ratin
g re
venu
es (e
xpen
ses)
:In
tere
st e
arni
ngs
974
-
13,5
03
8,86
4
1,42
3
499
2,
017
69
3
2,39
9
4,72
9
Disp
ositi
on o
f pro
perti
es4,
648
2,
414
(6
4,46
8)
(21,
562)
3,
535
34
,071
9,
337
9,
970
18
,713
(1
8,41
2)
Junk
sale
s-
- -
- -
- -
- -
- M
iscel
lane
ous
- 1,
808
1,
723
18
,526
1,
712
5,
558
3,
089
21
,153
1,
835
3,
097
In
tere
st e
xpen
se-
(3,6
74)
-
- -
(1,2
49)
(1
5,24
3)
(24,
030)
(2
1,30
5)
(23,
119)
T
otal
non
-ope
ratin
g re
venu
es (e
xpen
ses)
5,62
2
548
(4
9,24
2)
5,82
8
6,67
0
38,8
79
(800
)
7,78
6
1,64
2
(33,
705)
Inc
ome
(loss
) bef
ore
cont
ribut
ions
and
tran
sfer
s(5
2,64
9)
48,4
78
80,0
39
44,5
13
189,
996
12
5,35
2
(123
,335
)
(292
,388
)
42,1
36
46,8
62
Con
tribu
tions
and
tran
sfer
s:Tr
ansf
ers i
n-
- 32
0,88
0
- -
- -
- 25
9,68
3
- Tr
ansf
ers o
ut-
- (3
5,00
0)
- -
- -
- -
-
Cha
nge
in n
et p
ositi
on(5
2,64
9)
48,4
78
365,
919
44
,513
18
9,99
6
125,
352
(1
23,3
35)
(2
92,3
88)
30
1,81
9
46,8
62
Tota
l net
pos
ition
- be
ginn
ing
of y
ear*
* **
819,
180
76
6,53
1
815,
009
1,
180,
928
1,
225,
441
1,
415,
437
1,
540,
789
1,
413,
267
1,
120,
879
90
3,55
5
Tota
l net
pos
ition
- en
ding
766,
531
$
81
5,00
9$
1,18
0,92
8$
1,22
5,44
1$
1,41
5,43
7$
1,54
0,78
9$
1,41
7,45
4$
1,12
0,87
9$
1,42
2,69
8$
950,
417
$
** T
he c
umul
ativ
e ef
fect
of a
pply
ing
GA
SB S
tate
men
t No.
65,
"Ite
ms P
revi
ously
Rep
orte
d as
Ass
ets a
nd L
iabi
litie
s" re
sulte
d in
beg
inni
ng st
atem
ent o
f net
pos
ition
for F
Y 2
013
bein
g re
stat
ed.
FY20
12 w
as n
ot re
stat
ed.
** T
he c
umul
ativ
e ef
fect
of a
pply
ing
GA
SB S
tate
men
t No.
68,
"Acc
ount
ing
and
Fina
ncia
l Rep
ortin
g fo
r Pen
sions
" res
ulte
d in
beg
inni
ng st
atem
ent o
f net
pos
ition
for F
Y 2
015
bein
g re
stat
ed.
137
City
of L
ubbo
ck, T
XPr
int S
hop
and
War
ehou
seSt
atem
ent o
f Net
Pos
ition
For F
isca
l Yea
rs E
nded
Sep
tem
ber 3
0
Ass
ets
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Cur
rent
Ass
ets:
Pool
ed c
ash
and
cash
equ
ival
ents
359,
269
$
8,
809
$
89
0$
2,16
0$
359
$
92
1$
61,0
56$
111,
147
$
49
,448
$
23
6,01
8$
Inve
stm
ents
312,
373
63
5,20
4
109,
034
41
6,14
2
253,
317
8,
749
31
7,64
3
473,
061
24
7,39
9
1,76
3,49
9
D
ue fr
om o
ther
fund
s12
,475
-
- -
- -
- -
- -
Due
from
oth
ers
- 4,
899
2,
376
3,
586
3,
965
1,
281
18
7
1,45
2
149
1,
382
In
tere
st re
ceiv
able
2,07
5
3,51
4
3,45
9
1,03
3
65 18
105
24
8
184
17
9
Inve
ntor
y, a
t cos
t1,
434,
196
1,58
9,05
7
1,
753,
334
1,41
7,55
8
1,
725,
885
1,73
8,01
4
1,
566,
317
1,54
0,23
7
2,
023,
641
395,
132
T
otal
cur
rent
ass
ets
2,12
0,38
8
2,
241,
483
1,86
9,09
3
1,
840,
479
1,98
3,59
1
1,
748,
983
1,94
5,30
8
2,
126,
145
2,32
0,82
1
2,
396,
210
Prop
erty
, pla
nt a
nd e
quip
men
t:La
nd-
- -
- -
- -
- -
- B
uild
ings
138,
853
13
8,85
3
138,
853
13
8,85
3
138,
853
13
8,85
3
138,
853
13
8,85
3
138,
853
16
2,11
7
Impr
ovem
ents
oth
er th
an b
uild
ings
- -
- -
- -
- -
- -
Mac
hine
ry a
nd e
quip
men
t40
4,64
3
161,
242
16
1,24
2
116,
761
11
6,76
1
142,
504
12
8,65
6
128,
656
12
8,65
6
128,
656
C
onst
ruct
ion
in p
rogr
ess
- -
- -
- -
- -
- -
Allo
wan
ce fo
r dep
reci
atio
n(3
51,0
04)
(2
44,3
88)
(2
56,5
77)
(2
24,2
85)
(2
36,4
71)
(2
74,4
00)
(2
67,5
09)
(2
67,5
09)
(2
67,5
09)
(2
82,4
35)
N
et p
rope
rty, p
lant
and
equ
ipm
ent
192,
492
55
,707
43
,518
31
,329
19
,143
6,
957
-
- -
8,33
8
Tota
l ass
ets
2,31
2,88
0
2,
297,
190
1,91
2,61
1
1,
871,
808
2,00
2,73
4
1,
755,
940
1,94
5,30
8
2,
126,
145
2,32
0,82
1
2,
404,
548
Def
erre
d O
utflo
ws o
f Res
ourc
esD
efer
red
outfl
ows f
rom
pen
sion
s-
- -
- -
- -
- -
37,0
99
Tota
l def
erre
d ou
tflow
s of r
esou
rces
- -
- -
- -
- -
- 37
,099
138
City
of L
ubbo
ck, T
XPr
int S
hop
and
War
ehou
seSt
atem
ent o
f Net
Pos
ition
For F
isca
l Yea
rs E
nded
Sep
tem
ber 3
0
Liab
ilitie
s, D
efer
red
Inflo
ws o
f Res
ourc
es20
0620
0720
0820
0920
1020
1120
1220
1320
1420
15an
d N
et P
ositi
onC
urre
nt li
abili
ties:
Acc
ount
s and
vou
cher
s pay
able
243,
831
24
8,49
4
172,
522
15
8,76
4
312,
459
18
6,32
3
275,
043
12
4,73
4
203,
289
22
8,31
0
Due
to o
ther
fund
s-
- -
- -
- -
- -
- A
ccru
ed li
abili
ties
8,13
2
11,0
82
12,1
15
13,1
32
13,4
34
3,66
9
4,75
9
6,28
7
7,70
3
8,26
2
Acc
rued
inte
rest
pay
able
- -
214
14
1
66 -
- -
- -
Com
pens
ated
abs
ence
s21
,718
21
,720
13
,136
13
,032
13
,506
13
,881
13
,995
14
,716
16
,839
6,
156
Le
ases
pay
able
13,6
37
14,0
27
14,5
91
15,1
77
13,3
12
- -
- -
- T
otal
cur
rent
liab
ilitie
s28
7,31
8
295,
323
21
2,57
8
200,
246
35
2,77
7
203,
873
29
3,79
7
145,
737
22
7,83
1
242,
728
Long
-term
liab
ilitie
s:A
dvan
ce fr
om o
ther
fund
s-
- -
- -
- -
- -
- Le
ases
pay
able
57,1
07
43,0
80
28,4
89
13,3
12
- -
- -
- -
Acc
rued
insu
ranc
e cl
aim
s-
- -
- -
- -
- -
- C
ompe
nsat
ed a
bsen
ces
27,9
67
30,9
80
14,5
72
15,0
08
14,0
33
12,0
19
13,3
26
15,1
60
13,9
79
3,65
7
Post
em
ploy
men
t ben
efits
- -
17,0
88
26,4
96
45,7
08
62,2
65
87,9
33
115,
287
14
1,54
6
168,
496
N
et p
ensi
on li
abili
ty-
- -
5,47
2
13,6
63
22,1
45
23,6
44
23,8
17
23,9
67
188,
576
T
otal
long
-term
liab
ilitie
s85
,074
74
,060
60
,149
60
,288
73
,404
96
,429
12
4,90
3
154,
264
17
9,49
2
360,
729
Tota
l lia
bilit
ies
372,
392
36
9,38
3
272,
727
26
0,53
4
426,
181
30
0,30
2
418,
700
30
0,00
1
407,
323
60
3,45
7
Def
erre
d In
flow
s of R
esou
rces
Def
erre
d in
flow
s fro
m p
ensi
ons
- -
- -
- -
- -
- 8,
969
Tota
l def
erre
d in
flow
s of r
esou
rces
- -
- -
- -
- -
- 8,
969
Net
Pos
ition
Inv
estm
ent i
n ca
pita
l ass
ets
121,
748
(1
,400
)
438
2,
840
5,
831
6,
957
-
- -
8,33
8
Res
trict
ed fo
r ins
uran
ce c
laim
s-
- -
- -
- -
- -
- U
nres
trict
ed1,
818,
740
1,92
9,20
7
1,
639,
446
1,60
8,43
4
1,
570,
722
1,44
8,68
1
1,
526,
608
1,82
6,14
4
1,
913,
498
1,82
0,88
3
T
otal
net
pos
ition
1,94
0,48
8$
1,92
7,80
7$
1,63
9,88
4$
1,61
1,27
4$
1,57
6,55
3$
1,45
5,63
8$
1,52
6,60
8$
1,82
6,14
4$
1,91
3,49
8$
1,82
9,22
1$
139
Prin
t Sho
p an
d W
areh
ouse
Stat
emen
t of R
even
ues,
Expe
nses
, and
Cha
nges
in N
et P
ositi
on
For F
iscal
Yea
rs E
nded
Sep
tem
ber 3
0
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Ope
ratin
g re
venu
es:
Cha
rges
for s
ervi
ces
3,98
2,94
4$
3,82
5,97
8$
3,92
8,90
9$
4,05
7,47
8$
3,86
3,79
9$
3,11
4,73
6$
4,29
9,10
2$
3,98
1,13
2$
3,75
2,80
1$
3,81
6,38
0$
Tot
al o
pera
ting
reve
nues
3,98
2,94
4
3,
825,
978
3,92
8,90
9
4,
057,
478
3,86
3,79
9
3,
114,
736
4,29
9,10
2
3,
981,
132
3,75
2,80
1
3,81
6,38
0
Ope
ratin
g ex
pens
es:
Pers
onal
serv
ices
262,
830
28
7,65
2
294,
804
28
2,30
4
290,
186
27
4,14
1
283,
360
28
8,31
9
303,
003
313,
752
Supp
lies
8,03
5
20,8
99
8,15
1
8,05
6
6,67
9
5,90
5
8,16
3
6,55
0
5,88
7
8,54
3
Mat
eria
ls3,
461,
651
3,28
2,13
8
3,
437,
497
3,57
9,75
5
3,
428,
008
2,74
3,72
2
3,
574,
733
3,28
0,92
2
3,
025,
158
3,
151,
302
M
aint
enan
ce62
,184
9,
528
8,
195
15
,260
8,
459
13
,530
11
,506
11
,153
14
,737
10
,795
O
ther
serv
ices
and
cha
rges
45,8
06
127,
601
19
3,57
2
192,
961
15
2,42
8
185,
886
34
4,46
3
324,
047
31
8,03
3
28
9,09
5
D
epre
ciat
ion
34,5
56
39,3
54
12,1
89
12,1
89
12,1
86
12,1
86
6,95
7
- -
- T
otal
ope
ratin
g ex
pens
es3,
875,
062
3,76
7,17
2
3,
954,
408
4,09
0,52
5
3,
897,
946
3,23
5,37
0
4,
229,
182
3,91
0,99
1
3,
666,
818
3,
773,
487
Ope
ratin
g in
com
e (lo
ss)
107,
882
58
,806
(2
5,49
9)
(33,
047)
(3
4,14
7)
(120
,634
)
69,9
20
70,1
41
85,9
83
42,8
93
Non
-ope
ratin
g re
venu
es (e
xpen
ses)
:In
tere
st e
arni
ngs
23,9
74
27,9
69
22,7
90
2,13
1
416
-
107
21
3
1,37
1
6,46
3
Dis
posit
ion
of p
rope
rties
(6,0
55)
(9
7,43
0)
- 1,
045
-
- 1,
021
-
- -
Junk
sale
s-
- -
2,75
5
- -
- -
- -
Misc
ella
neou
s(8
63)
(2
,026
)
(2,0
60)
(1
,494
)
(990
)
(281
)
- -
- -
Inte
rest
exp
ense
- -
- -
- -
(78)
-
- -
Tot
al n
on-o
pera
ting
reve
nues
(exp
ense
s)17
,056
(7
1,48
7)
20,7
30
4,43
7
(574
)
(281
)
1,05
0
213
1,
371
6,
463
Inc
ome
(loss
) bef
ore
cont
ribut
ions
and
tran
sfer
s12
4,93
8
(12,
681)
(4
,769
)
(28,
610)
(3
4,72
1)
(120
,915
)
70,9
70
70,3
54
87,3
54
49,3
56
Con
tribu
tions
and
tran
sfer
s:C
apita
l con
tribu
tions
- -
- -
- -
- -
- 8,
338
Tr
ansf
ers i
n-
- -
- -
- -
229,
182
-
- Tr
ansf
ers o
ut-
- (2
83,1
54)
-
- -
- -
- -
C
hang
e in
net
pos
ition
124,
938
(1
2,68
1)
(287
,923
)
(28,
610)
(3
4,72
1)
(120
,915
)
70,9
70
299,
536
87
,354
57
,694
To
tal n
et p
ositi
on -
begi
nnin
g of
yea
r**
1,81
5,55
0
1,
940,
488
1,92
7,80
7
1,
639,
884
1,61
1,27
4
1,
576,
553
1,45
5,63
8
1,
526,
608
1,82
6,14
4
1,77
1,52
7
Tota
l net
pos
ition
- en
ding
1,94
0,48
8$
1,92
7,80
7$
1,63
9,88
4$
1,61
1,27
4$
1,57
6,55
3$
1,45
5,63
8$
1,52
6,60
8$
1,82
6,14
4$
1,91
3,49
8$
1,82
9,22
1$
*G
ASB
34
form
at o
f pre
sent
ing
net a
sset
s
** T
he c
umul
ativ
e ef
fect
of a
pply
ing
GA
SB S
tate
men
t No.
68,
"Acc
ount
ing
and
Fina
ncia
l Rep
ortin
g fo
r Pen
sions
" res
ulte
d in
beg
inni
ng st
atem
ent o
f net
pos
ition
for F
Y 2
015
bein
g re
stat
ed.
City
of L
ubbo
ck, T
X
140
City
of L
ubbo
ck, T
XIn
form
atio
n Te
chno
logy
Stat
emen
t of N
et P
ositi
on
For F
isca
l Yea
rs E
nded
Sep
tem
ber 3
0
Ass
ets
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Cur
rent
Ass
ets:
Pool
ed c
ash
and
cash
equ
ival
ents
1,74
7,14
9$
66,0
19$
22,1
89$
13,8
37$
1,80
9$
111,
014
$
20
5,27
6$
288,
921
$
34
7,41
5$
251,
148
$
In
vest
men
ts1,
519,
092
4,
760,
592
2,
716,
890
2,
666,
231
1,
275,
038
1,
054,
177
1,
067,
940
1,
229,
685
1,
738,
191
1,
876,
557
In
tere
st re
ceiv
able
9,00
1
32,8
02
32,9
83
6,61
8
326
19
6
206
1,
600
4,
247
5,
107
D
ue fr
om o
ther
s18
4,36
8
118,
737
97
,391
62
,686
44
,274
17
,184
8,
122
10
1,64
7
6,22
4
92,7
72
Prep
aid
expe
nses
- -
68,7
27
94,4
30
- 19
,137
-
- -
- In
vent
ory,
at c
ost
119,
517
15
9,13
0
36,7
97
14,6
68
15,2
59
13,7
27
20,1
12
12,7
46
6,74
4
9,97
0
Tot
al c
urre
nt a
sset
s3,
579,
127
5,
137,
280
2,
974,
977
2,
858,
470
1,
336,
706
1,
215,
435
1,
301,
656
1,
634,
599
2,
102,
821
2,
235,
554
Res
trict
ed A
sset
s:R
estri
cted
inve
stm
ents
- -
- -
- -
- 1,
773,
644
39
0,19
6
539,
426
T
otal
rest
ricte
d as
sets
- -
- -
- -
- 1,
773,
644
39
0,19
6
539,
426
Prop
erty
, pla
nt a
nd e
quip
men
t:La
nd65
,343
65
,343
65
,343
65
,343
65
,343
65
,343
65
,343
65
,343
65
,343
65
,343
Bu
ildin
gs-
- 28
,436
28
,436
88
,436
88
,436
88
,436
60
,000
60
,000
60
,000
Im
prov
emen
ts o
ther
than
bui
ldin
gs64
9,86
8
649,
868
64
9,86
8
680,
935
92
0,68
5
842,
855
1,
013,
148
1,
234,
689
1,
417,
365
1,
643,
964
M
achi
nery
and
equ
ipm
ent
6,78
1,80
6
7,70
5,33
1
8,49
9,69
9
8,31
8,74
3
9,67
8,21
8
9,18
0,13
0
9,97
2,42
0
12,1
13,9
38
16,4
97,8
56
20,0
73,5
08
Con
stru
ctio
n in
pro
gres
s65
5,07
6
- 18
0,94
2
439,
685
-
- 62
,498
91
5,54
0
109,
273
17
,686
A
llow
ance
for d
epre
ciat
ion
(6,3
20,9
96)
(6
,574
,858
)
(7,2
19,5
78)
(7
,331
,515
)
(7,6
87,9
51)
(7
,454
,014
)
(8,7
22,6
75)
(9
,363
,957
)
(10,
503,
637)
(12,
017,
078)
Net
pro
perty
, pla
nt a
nd e
quip
men
t1,
831,
097
1,
845,
684
2,
204,
710
2,
201,
627
3,
064,
731
2,
722,
750
2,
479,
170
5,
025,
553
7,
646,
200
9,
843,
423
Tota
l ass
ets
5,41
0,22
4
6,98
2,96
4
5,17
9,68
7
5,06
0,09
7
4,40
1,43
7
3,93
8,18
5
3,78
0,82
6
8,43
3,79
6
10,1
39,2
17
12,6
18,4
03
Def
erre
d O
utflo
ws o
f Res
ourc
esD
efer
red
outfl
ows f
rom
pen
sions
- -
- -
- -
- -
- 47
7,45
2
Tota
l def
erre
d ou
tflow
s of r
esou
rces
- -
- -
- -
- -
- 47
7,45
2
141
City
of L
ubbo
ck, T
XIn
form
atio
n Te
chno
logy
Stat
emen
t of N
et P
ositi
on
For F
isca
l Yea
rs E
nded
Sep
tem
ber 3
0
Liab
ilitie
s, D
efer
red
Inflo
ws o
f Res
ourc
es20
0620
0720
0820
0920
1020
1120
1220
1320
1420
15an
d N
et P
ositi
onC
urre
nt li
abili
ties:
Acc
ount
s and
vou
cher
s pay
able
239,
351
39
8,75
2
227,
709
33
7,04
2
300,
979
14
2,06
7
330,
514
2,
357,
523
54
2,04
3
649,
816
D
ue to
oth
er fu
nds
- -
- -
- -
- -
- -
Acc
rued
liab
ilitie
s73
,147
99
,210
13
3,24
4
148,
908
14
9,18
5
69,2
18
80,6
54
93,4
82
93,0
50
106,
210
A
ccru
ed in
tere
st p
ayab
le-
- 3,
306
2,
515
1,
063
1,
034
2,
612
15
,857
57
,065
62
,447
C
ompe
nsat
ed a
bsen
ces
135,
228
13
9,85
0
150,
807
16
7,96
7
188,
603
20
7,57
1
257,
131
23
6,43
9
238,
586
24
3,54
8
Leas
es p
ayab
le15
4,62
7
408,
382
44
6,77
0
384,
545
14
7,31
6
154,
242
26
8,61
5
310,
568
66
7,00
3
741,
295
Bo
nds p
ayab
le-
- -
- -
- -
205,
000
45
0,00
0
695,
000
T
otal
cur
rent
liab
ilitie
s60
2,35
3
1,04
6,19
4
961,
836
1,
040,
977
78
7,14
6
574,
132
93
9,52
6
3,21
8,86
9
2,04
7,74
7
2,49
8,31
6
Long
-term
liab
ilitie
s:A
dvan
ce fr
om o
ther
fund
s-
- -
- -
- -
- -
- Le
ases
pay
able
327,
803
68
3,76
5
663,
355
28
2,23
9
248,
647
67
2,46
3
803,
093
73
7,30
6
1,22
6,68
7
1,17
9,10
4
Bond
s pay
able
- -
- -
- -
- 2,
613,
477
5,
631,
453
8,
252,
292
C
ompe
nsat
ed a
bsen
ces
174,
140
17
5,21
7
246,
388
30
1,67
7
351,
408
40
9,08
1
508,
549
48
2,25
9
472,
147
46
8,33
5
Post
em
ploy
men
t ben
efits
- -
116,
197
18
7,69
5
306,
170
41
1,03
1
642,
043
88
3,67
5
1,10
2,50
0
1,28
2,17
0
Net
pen
sion
liabi
lity
- -
- 70
,153
18
0,70
7
303,
974
33
2,64
8
335,
912
33
8,60
7
2,42
6,88
9
Tot
al lo
ng-te
rm li
abili
ties
501,
943
85
8,98
2
1,02
5,94
0
841,
764
1,
086,
932
1,
796,
549
2,
286,
333
5,
052,
629
8,
771,
394
13
,608
,790
Tota
l lia
bilit
ies
1,10
4,29
6
1,90
5,17
6
1,98
7,77
6
1,88
2,74
1
1,87
4,07
8
2,37
0,68
1
3,22
5,85
9
8,27
1,49
8
10,8
19,1
41
16,1
07,1
06
Def
erre
d In
flow
s of R
esou
rces
Def
erre
d in
flow
s fro
m p
ensio
ns-
- -
- -
- -
- -
115,
429
Tota
l def
erre
d in
flow
s of r
esou
rces
- -
- -
- -
- -
- 11
5,42
9
Net
Pos
ition
Inv
estm
ent i
n ca
pita
l ass
ets
1,50
3,29
4
1,16
1,91
9
1,09
4,58
5
1,53
4,84
3
2,66
8,76
8
1,89
6,04
5
1,40
7,46
2
2,93
2,84
6
(252
,287
)
(949
,869
)
Res
trict
ed fo
r deb
t ser
vice
- -
- -
- -
- -
313,
540
46
5,02
7
Unr
estri
cted
2,95
7,26
1
4,32
4,25
1
2,09
7,32
6
1,64
2,51
3
(141
,409
)
(328
,541
)
(852
,495
)
(2,7
70,5
48)
(7
41,1
77)
(2
,641
,838
)
Tot
al n
et p
ositi
on4,
460,
555
$
5,
486,
170
$
3,
191,
911
$
3,
177,
356
$
2,
527,
359
$
1,
567,
504
$
55
4,96
7$
162,
298
$
(6
79,9
24)
$
(3
,126
,680
)$
142
City
of L
ubbo
ck, T
XIn
form
atio
n Te
chno
logy
Stat
emen
t of R
even
ues,
Expe
nses
, and
Cha
nges
in N
et P
ositi
on
For F
isca
l Yea
rs E
nded
Sep
tem
ber 3
0
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Ope
ratin
g re
venu
es:
Cha
rges
for s
ervi
ces
6,42
3,92
1$
7,01
2,69
0$
7,15
1,47
8$
7,19
4,70
3$
6,97
9,20
4$
7,49
7,94
1$
8,23
0,22
9$
9,45
4,97
5$
10,2
17,3
17$
11,1
12,8
00$
Tot
al o
pera
ting
reve
nues
6,42
3,92
1
7,01
2,69
0
7,15
1,47
8
7,19
4,70
3
6,97
9,20
4
7,49
7,94
1
8,23
0,22
9
9,45
4,97
5
10,2
17,3
17
11,1
12,8
00
Ope
ratin
g ex
pens
es:
Pers
onal
serv
ices
2,52
2,79
1
2,63
1,14
1
3,16
6,51
1
3,10
9,67
3
3,27
6,21
0
3,43
3,74
2
4,34
1,35
4
4,24
5,23
0
4,23
5,94
1
3,58
5,20
0
Supp
lies
33,0
48
27,4
25
56,5
01
93,2
76
48,5
98
38,3
56
49,1
89
46,5
87
54,2
58
41,4
89
Mat
eria
ls16
6,81
9
11
2,41
1
141,
354
24
5,10
3
148,
819
22
3,55
6
86,5
92
61,7
57
56,2
68
51,5
60
Mai
nten
ance
1,91
5,51
7
1,71
0,51
0
2,05
6,96
8
2,13
4,52
1
2,37
3,17
0
2,16
4,79
2
2,33
3,16
0
2,76
3,58
1
3,01
7,76
6
3,59
8,70
5
Oth
er se
rvic
es a
nd c
harg
es2,
050,
547
1,
705,
550
1,
564,
661
1,
303,
637
1,
397,
248
1,
983,
750
1,
846,
015
2,
025,
696
2,
643,
978
2,
689,
508
D
epre
ciat
ion
236,
153
253,
863
26
5,77
9
323,
480
39
2,06
6
613,
394
60
6,66
8
677,
413
1,
194,
034
1,
613,
876
T
otal
ope
ratin
g ex
pens
es6,
924,
875
6,
440,
900
7,
251,
774
7,
209,
690
7,
636,
111
8,
457,
590
9,
262,
978
9,
820,
264
11
,202
,245
11
,580
,338
Ope
ratin
g in
com
e (lo
ss)
(500
,954
)
57
1,79
0
(100
,296
)
(1
4,98
7)
(656
,907
)
(9
59,6
49)
(1,0
32,7
49)
(3
65,2
89)
(984
,928
)
(4
67,5
38)
Non
-ope
ratin
g re
venu
es (e
xpen
ses)
:In
tere
st e
arni
ngs
138,
043
202,
549
21
9,33
8
33,6
92
5,15
4
673
1,
570
66
7
10,4
55
29,9
42
Disp
ositi
on o
f pro
perti
es70
,646
10
,709
23
,698
(5
,138
)
11,6
75
7,16
9
16,0
15
4,99
3
2,55
4
2,99
8
Junk
sale
s-
- 39
9
169
5,
812
2,
005
-
- -
- Fe
dera
l gra
nts
32,1
45
- -
- -
- -
- -
- M
iscel
lane
ous
- -
- -
- -
- -
4,80
0
3,84
8
Inte
rest
exp
ense
- (1
3,18
8)
(34,
107)
(2
8,29
1)
(15,
731)
(1
0,05
3)
(22,
246)
(3
3,04
0)
(156
,288
)
(2
19,0
81)
Tot
al n
on-o
pera
ting
reve
nues
(exp
ense
s)24
0,83
4
20
0,07
0
209,
328
43
2
6,91
0
(206
)
(4,6
61)
(2
7,38
0)
(138
,479
)
(1
82,2
93)
Inc
ome
(loss
) bef
ore
cont
ribut
ions
and
tran
sfer
s(2
60,1
20)
771,
860
10
9,03
2
(14,
555)
(6
49,9
97)
(959
,855
)
(1
,037
,410
)
(392
,669
)
(1
,123
,407
)
(649
,831
)
Con
tribu
tions
and
tran
sfer
s:C
apita
l Con
tribu
tions
- -
200,
289
-
- -
24,8
73
- 31
,185
-
Tran
sfer
s in
- -
- -
- -
- -
250,
000
-
Tran
sfer
s out
- -
(2,1
95,1
98)
-
- -
- -
- -
C
hang
e in
net
pos
ition
(260
,120
)
77
1,86
0
(1,8
85,8
77)
(1
4,55
5)
(649
,997
)
(9
59,8
55)
(1,0
12,5
37)
(3
92,6
69)
(842
,222
)
(6
49,8
31)
Tota
l net
pos
ition
- be
ginn
ing
of y
ear*
*4,
566,
048
4,
305,
928
5,
077,
788
3,
191,
911
3,
177,
356
2,
527,
359
1,
567,
504
55
4,96
7
162,
298
(2
,476
,849
)
Tota
l net
pos
ition
- en
ding
4,30
5,92
8$
5,07
7,78
8$
3,19
1,91
1$
3,17
7,35
6$
2,52
7,35
9$
1,56
7,50
4$
554,
967
$
16
2,29
8$
(679
,924
)$
(3,1
26,6
80)
$
** T
he c
umul
ativ
e ef
fect
of a
pply
ing
GA
SB S
tate
men
t No.
68,
"Acc
ount
ing
and
Fina
ncia
l Rep
ortin
g fo
r Pen
sions
" res
ulte
d in
beg
inni
ng st
atem
ent o
f net
pos
ition
for F
Y 2
015
bein
g re
stat
ed.
143
City
of L
ubbo
ck, T
XR
isk
Man
agem
ent F
und
Stat
emen
t of N
et P
ositi
on
For F
isca
l Yea
rs E
nded
Sep
tem
ber 3
0
Ass
ets
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Cur
rent
Ass
ets:
Cas
h an
d ca
sh e
quiv
alen
ts-
$
-
$
-
$
41
,471
$
11
,134
$
93
9,40
3$
1,70
7,28
2$
1,66
7,72
8$
1,64
2,88
8$
1,30
0,94
1$
Inve
stmen
ts-
- -
7,99
0,79
8
7,
849,
062
8,92
0,49
5
8,
882,
071
7,09
8,08
4
8,
219,
715
9,72
0,50
3
In
tere
st re
ceiv
able
- -
- 19
,113
2,
009
2,
219
2,
627
3,
720
5,
294
4,
845
D
ue fr
om o
ther
s-
- -
12,9
79
65,7
06
6,78
7
49,2
96
- -
- In
tere
st re
ceiv
able
- -
- -
- -
- -
- -
Prep
aid
expe
nses
- -
- -
- -
- -
- -
Tot
al c
urre
nt a
sset
s-
- -
8,06
4,36
1
7,
927,
911
9,86
8,90
4
10
,641
,276
8,
769,
532
9,86
7,89
7
11
,026
,289
Res
trict
ed A
sset
s:Po
oled
cas
h an
d ca
sh e
quiv
alen
ts-
- -
- -
- -
- -
- In
vestm
ents
8,65
0,34
0
7,
392,
515
7,75
9,46
1
-
- -
- -
- -
Acc
ount
s and
not
es re
ceiv
able
(net
)-
25,4
40
34,4
97
- -
- -
- -
- D
ue fr
om o
ther
fund
s-
- -
- -
- -
- -
- In
tere
st re
ceiv
able
20,8
24
65,8
58
45,1
21
- -
- -
- -
- T
otal
restr
icte
d as
sets
8,67
1,16
4
7,
483,
813
7,83
9,07
9
-
- -
- -
- -
Prop
erty
, pla
nt a
nd e
quip
men
t:La
nd-
- -
- -
- -
- -
- B
uild
ings
- -
- -
- -
- -
- -
Impr
ovem
ents
othe
r tha
n bu
ildin
gs-
- -
- -
- -
- -
- M
achi
nery
and
equ
ipm
ent
17,2
27
17,2
27
17,2
27
17,2
27
17,2
27
17,2
27
17,2
27
17,2
27
17,2
27
24,2
91
Con
struc
tion
in p
rogr
ess
- -
- -
- -
- -
- -
Allo
wan
ce fo
r dep
reci
atio
n(1
0,52
8)
(13,
399)
(1
6,27
0)
(17,
227)
(1
7,22
7)
(17,
227)
(1
7,22
7)
(17,
227)
(1
7,22
7)
(811
)
Net
pro
perty
, pla
nt a
nd e
quip
men
t6,
699
3,
828
95
7
- -
- -
- -
23,4
80
Tota
l ass
ets
8,67
7,86
3
7,
487,
641
7,84
0,03
6
8,
064,
361
7,92
7,91
1
9,
868,
904
10,6
41,2
76
8,76
9,53
2
9,
867,
897
11,0
49,7
69
Def
erre
d O
utflo
ws o
f Res
ourc
esD
efer
red
outfl
ows f
rom
pen
sions
- -
- -
- -
- -
- 81
,695
Tota
l def
erre
d ou
tflow
s of r
esou
rces
- -
- -
- -
- -
- 81
,695
144
City
of L
ubbo
ck, T
XR
isk
Man
agem
ent F
und
Stat
emen
t of N
et P
ositi
on
For F
isca
l Yea
rs E
nded
Sep
tem
ber 3
0
Liab
ilitie
s, D
efer
red
Inflo
ws o
f Res
ourc
es20
0620
0720
0820
0920
1020
1120
1220
1320
1420
15an
d N
et P
ositi
onC
urre
nt li
abili
ties:
Acc
ount
s and
vou
cher
s pay
able
4,70
0
90,2
81
28,5
07
13,4
11
6,82
0
4,33
5
69,2
60
588
62
,012
13
8,79
9
Due
to o
ther
fund
s-
- -
- -
- -
- -
- A
ccru
ed li
abili
ties
5,47
9
6,55
3
10,5
63
11,5
41
10,9
55
5,76
2
6,37
2
6,24
2
13,8
21
20,4
79
Acc
rued
inte
rest
paya
ble
- -
- -
- -
- -
- 1
Com
pens
ated
abs
ence
s4,
115
3,
626
5,
237
6,
892
6,
823
5,
490
5,
883
4,
107
5,
016
9,
650
Le
ases
pay
able
- -
- -
- -
- -
- 3,
341
A
ccru
ed in
sura
nce
clai
ms
- -
- 1,
685,
551
2,16
1,51
7
1,
998,
202
1,48
7,15
4
2,
380,
790
1,01
0,02
4
80
8,52
6
Tot
al c
urre
nt li
abili
ties
14,2
94
100,
460
44
,307
1,
717,
395
2,18
6,11
5
2,
013,
789
1,56
8,66
9
2,
391,
727
1,09
0,87
3
98
0,79
6
Liab
ilitie
s pay
able
from
restr
icte
d as
sets:
Self
insu
ranc
e - r
isk m
anag
emen
t: A
ccou
nts p
ayab
le-
- -
- -
- -
- -
- A
ccru
ed li
abili
ties
- -
- -
- -
- -
- -
Acc
rued
insu
ranc
e cl
aim
s2,
444,
632
2,10
8,27
0
1,
420,
757
- -
- -
- -
- T
otal
liab
ilitie
s (pa
yabl
e fr
om r
estri
cted
ass
ets)
2,44
4,63
2
2,
108,
270
1,42
0,75
7
-
- -
- -
- -
Long
-term
liab
ilitie
s:Le
ases
pay
able
- -
- -
- -
- -
- 20
,950
A
ccru
ed in
sura
nce
clai
ms
2,81
6,34
4
1,
150,
518
1,42
4,92
2
1,
685,
900
2,73
7,61
5
2,
413,
003
2,09
2,49
2
1,
421,
439
2,04
9,58
2
1,
332,
505
Com
pens
ated
abs
ence
s5,
298
4,
398
5,
594
7,
936
3,
972
4,
753
5,
602
4,
231
4,
164
5,
732
Po
st em
ploy
men
t ben
efits
- -
13,6
70
21,1
96
30,8
02
41,8
40
63,2
30
86,0
25
107,
908
13
4,85
8
Net
pen
sion
liabi
lity
- -
- 5,
681
13
,088
23
,642
25
,835
26
,090
26
,389
41
5,25
4
Tot
al lo
ng-te
rm li
abili
ties
2,82
1,64
2
1,
154,
916
1,44
4,18
6
1,
720,
713
2,78
5,47
7
2,
483,
238
2,18
7,15
9
1,
537,
785
2,18
8,04
3
1,
909,
299
Tota
l lia
bilit
ies
5,28
0,56
8
3,
363,
646
2,90
9,25
0
3,
438,
108
4,97
1,59
2
4,
497,
027
3,75
5,82
8
3,
929,
512
3,27
8,91
6
2,
890,
095
Def
erre
d In
flow
s of R
esou
rces
Def
erre
d in
flow
s fro
m p
ensio
ns-
- -
- -
- -
- -
19,7
51
Tota
l def
erre
d in
flow
s of r
esou
rces
- -
- -
- -
- -
- 19
,751
Net
Pos
ition
Inv
estm
ent i
n ca
pita
l ass
ets
6,69
9
3,82
8
957
-
- -
- -
- (8
11)
R
estri
cted
for i
nsur
ance
cla
ims
3,39
0,59
6
4,
120,
167
4,92
9,82
9
-
- -
- -
- -
Unr
estri
cted
- -
- 4,
626,
253
2,95
9,31
9
5,
371,
877
6,88
5,44
8
4,
840,
020
6,58
8,98
1
8,
222,
429
Tot
al n
et p
ositi
on3,
397,
295
$
4,
123,
995
$
4,
930,
786
$
4,
626,
253
$
2,
959,
319
$
5,
371,
877
$
6,
885,
448
$
4,
840,
020
$
6,
588,
981
$
8,
221,
618
$
145
City
of L
ubbo
ck, T
XR
isk
Man
agem
ent F
und
Stat
emen
t of R
even
ues,
Expe
nses
, and
Cha
nges
in N
et P
ositi
on
For F
isca
l Yea
rs E
nded
Sep
tem
ber 3
0
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Ope
ratin
g re
venu
es:
Cha
rges
for s
ervi
ces
4,48
8,55
1$
3,53
2,73
1$
5,35
4,71
6$
5,20
3,55
4$
5,38
6,19
0$
5,59
7,06
6$
6,07
1,55
8$
5,97
9,58
0$
5,50
9,23
4$
6,03
0,09
2$
Tot
al o
pera
ting
reve
nues
4,48
8,55
1
3,53
2,73
1
5,35
4,71
6
5,20
3,55
4
5,38
6,19
0
5,59
7,06
6
6,07
1,55
8
5,97
9,58
0
5,50
9,23
4
6,03
0,09
2
Ope
ratin
g ex
pens
es:
Pers
onal
serv
ices
190,
796
20
9,33
7
225,
959
25
4,67
9
214,
488
29
4,95
2
340,
114
34
1,84
0
480,
120
60
3,27
9
Insu
ranc
e ex
pens
e3,
235,
231
2,
907,
050
4,
443,
470
5,
682,
283
6,
798,
991
4,
144,
031
4,
118,
047
4,
401,
410
3,
142,
656
2,
588,
071
Su
pplie
s4,
602
3,
547
4,
948
4,
292
9,
284
5,
272
6,
102
7,
070
6,
274
6,
149
M
aint
enan
ce9,
937
42
0
3,68
4
1,20
9
1,38
7
1,38
7
1,10
2
3,22
3
1,37
2
3,69
1
Oth
er se
rvic
es a
nd c
harg
es10
3,57
9
169,
075
19
5,15
6
101,
993
10
8,97
1
135,
641
10
7,15
6
120,
389
13
2,50
9
225,
184
D
epre
ciat
ion
2,87
1
2,87
1
2,87
1
957
-
- -
- -
811
T
otal
ope
ratin
g ex
pens
es3,
547,
016
3,
292,
300
4,
876,
088
6,
045,
413
7,
133,
121
4,
581,
283
4,
572,
521
4,
873,
932
3,
762,
931
3,
427,
185
Ope
ratin
g in
com
e (lo
ss)
941,
535
24
0,43
1
478,
628
(8
41,8
59)
(1
,746
,931
)
1,
015,
783
1,
499,
037
1,
105,
648
1,
746,
303
2,
602,
907
Non
-ope
ratin
g re
venu
es (e
xpen
ses)
:In
tere
st e
arni
ngs
307,
302
42
3,09
4
319,
877
13
3,40
6
6,77
5
2,64
6
15,4
95
4,47
1
20,0
07
52,7
93
Dis
posi
tion
of p
rope
rties
- -
- -
- -
- -
- -
Junk
sale
s-
- -
- -
- -
- -
- M
isce
llane
ous
427,
286
63
,175
8,
286
40
3,92
0
73,2
22
1,43
4,60
6
(961
)
73,6
35
(17,
349)
31
5,95
0
Inte
rest
exp
ense
- -
- -
- -
- -
- (1
)
Tot
al n
on-o
pera
ting
reve
nues
(exp
ense
s)73
4,58
8
486,
269
32
8,16
3
537,
326
79
,997
1,
437,
252
14
,534
78
,106
2,
658
36
8,74
2
Inc
ome
(loss
) bef
ore
cont
ribut
ions
and
tran
sfer
s1,
676,
123
72
6,70
0
806,
791
(3
04,5
33)
(1
,666
,934
)
2,
453,
035
1,
513,
571
1,
183,
754
1,
748,
961
2,
971,
649
Con
tribu
tions
and
tran
sfer
s:Tr
ansf
ers i
n32
,915
-
- -
- -
- -
- -
Tran
sfer
s out
- -
- -
- (4
0,47
7)
- (3
,229
,182
)
-
(1,0
00,0
00)
Cha
nge
in n
et p
ositi
on1,
709,
038
72
6,70
0
806,
791
(3
04,5
33)
(1
,666
,934
)
2,
412,
558
1,
513,
571
(2
,045
,428
)
1,
748,
961
1,
971,
649
To
tal n
et p
ositi
on -
begi
nnin
g of
yea
r**
1,68
8,25
7
3,39
7,29
5
4,12
3,99
5
4,93
0,78
6
4,62
6,25
3
2,95
9,31
9
5,37
1,87
7
6,88
5,44
8
4,84
0,02
0
6,24
9,96
9
Tota
l net
pos
ition
- en
ding
3,39
7,29
5$
4,12
3,99
5$
4,93
0,78
6$
4,62
6,25
3$
2,95
9,31
9$
5,37
1,87
7$
6,88
5,44
8$
4,84
0,02
0$
6,58
8,98
1$
8,22
1,61
8$
** T
he c
umul
ativ
e ef
fect
of a
pply
ing
GA
SB S
tate
men
t No.
68,
"Acc
ount
ing
and
Fina
ncia
l Rep
ortin
g fo
r Pen
sion
s" re
sulte
d in
beg
inni
ng st
atem
ent o
f net
pos
ition
for F
Y 2
015
bein
g re
stat
ed.
146
City
of L
ubbo
ck, T
XH
ealth
Ben
efits
Fun
dSt
atem
ent o
f Net
Pos
ition
For F
isca
l Yea
rs E
nded
Sep
tem
ber 3
0
Ass
ets
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Cur
rent
Ass
ets:
Pool
ed c
ash
and
cash
equ
ival
ents
-$
-$
-$
56,1
62$
13,8
88$
362,
019
$
1,
682,
468
$
2,
872,
381
$
2,
385,
276
$
1,
582,
920
$
In
vestm
ents
- -
- 10
,821
,384
9,
790,
469
3,43
7,70
1
8,
752,
974
12,2
25,2
60
11,9
34,0
39
11,8
27,4
20
Inte
rest
rece
ivab
le-
- -
23,3
82
2,50
6
855
2,
589
6,
407
7,
687
5,
890
D
ue fr
om o
ther
s-
- -
70,5
63
166,
686
91
,515
77
,470
37
9,22
9
- -
Tot
al c
urre
nt a
sset
s-
- -
10,9
71,4
91
9,97
3,54
9
3,
892,
090
10,5
15,5
01
15,4
83,2
77
14,3
27,0
02
13,4
16,2
30
Res
trict
ed A
sset
s:Po
oled
cas
h an
d ca
sh e
quiv
alen
ts-
- -
- -
- -
- -
- In
vestm
ents
2,55
6,68
8
6,
675,
562
9,49
2,45
6
-
- -
- -
- -
Acc
ount
s and
not
es re
ceiv
able
(net
)11
5,16
8
92,7
23
123,
875
-
- -
- -
- -
Inte
rest
rece
ivab
le9,
526
41
,492
54
,696
-
- -
- -
- -
Tot
al re
stric
ted
asse
ts2,
681,
382
6,80
9,77
7
9,
671,
027
- -
- -
- -
-
Prop
erty
, pla
nt a
nd e
quip
men
t:La
nd-
- -
- -
- -
- -
- B
uild
ings
- -
- -
- -
- -
- -
Impr
ovem
ents
othe
r tha
n bu
ildin
gs-
- -
- -
- -
- -
- M
achi
nery
and
equ
ipm
ent
5,56
8
5,56
8
5,56
8
5,56
8
5,56
8
5,56
8
5,56
8
5,56
8
5,56
8
5,56
8
Con
struc
tion
in p
rogr
ess
- -
- -
- -
- -
- -
Allo
wan
ce fo
r dep
reci
atio
n(5
,568
)
(5,5
68)
(5
,568
)
(5,5
68)
(5
,568
)
(5,5
68)
(5
,568
)
(5,5
68)
(5
,568
)
(5,5
68)
N
et p
rope
rty, p
lant
and
equ
ipm
ent
- -
- -
- -
- -
- -
Tota
l ass
ets
2,68
1,38
2
6,
809,
777
9,67
1,02
7
10
,971
,491
9,
973,
549
3,89
2,09
0
10
,515
,501
15
,483
,277
14
,327
,002
13
,416
,230
Def
erre
d O
utflo
ws o
f Res
ourc
esD
efer
red
outfl
ows f
rom
pen
sions
- -
- -
- -
- -
- 28
,556
Tota
l def
erre
d ou
tflow
s of r
esou
rces
- -
- -
- -
- -
- 28
,556
147
City
of L
ubbo
ck, T
XH
ealth
Ben
efits
Fun
dSt
atem
ent o
f Net
Pos
ition
For F
isca
l Yea
rs E
nded
Sep
tem
ber 3
0
Liab
ilitie
s, D
efer
red
Inflo
ws o
f Res
ourc
es20
0620
0720
0820
0920
1020
1120
1220
1320
1420
15an
d N
et P
ositi
onC
urre
nt li
abili
ties:
Acc
ount
s and
vou
cher
s pay
able
110,
780
49
1,72
9
925,
261
71
7,74
5
1,13
6,27
1
69
7,73
4
743,
765
90
2,41
7
645,
817
79
2,50
1
Acc
rued
liab
ilitie
s3,
629
5,
722
6,
988
10
,279
8,
445
3,
579
3,
845
4,
717
5,
507
6,
773
C
ompe
nsat
ed a
bsen
ces
2,05
5
2,11
7
2,23
9
3,69
5
3,48
5
3,29
4
4,54
1
4,58
3
4,74
6
4,44
7
Acc
rued
insu
ranc
e cl
aim
s-
- -
1,37
3,98
1
1,
456,
201
1,58
6,87
0
1,
586,
821
1,41
6,95
7
1,
465,
986
1,47
7,61
4
T
otal
cur
rent
liab
ilitie
s11
6,46
4
499,
568
93
4,48
8
2,10
5,70
0
2,
604,
402
2,29
1,47
7
2,
338,
972
2,32
8,67
4
2,
122,
056
2,28
1,33
5
Liab
ilitie
s pay
able
from
restr
icte
d as
sets:
Self
insu
ranc
e - h
ealth
: A
ccou
nts a
nd v
ouch
ers p
ayab
le2,
512,
041
2,23
6,64
4
1,
599,
299
- -
- -
- -
- A
ccru
ed li
abili
ties
- -
- -
- -
- -
- -
Tot
al li
abili
ties (
paya
ble
from
res
trict
ed a
sset
s)2,
512,
041
2,23
6,64
4
1,
599,
299
- -
- -
- -
-
Long
-term
liab
ilitie
s:C
ompe
nsat
ed a
bsen
ces
2,64
6
3,49
7
3,65
7
6,63
5
6,49
2
6,49
2
8,98
2
9,34
9
9,39
2
8,55
0
Acc
rued
insu
ranc
e cl
aim
s24
9,11
5
232,
738
15
6,40
7
135,
865
14
2,32
3
157,
903
16
0,98
6
142,
406
16
2,28
2
166,
935
Po
st em
ploy
men
t ben
efits
- -
13,6
70
19,3
15
28,9
21
37,2
00
50,0
34
63,7
11
76,8
41
90,3
16
Net
pen
sion
liabi
lity
- -
- 4,
014
9,
876
16
,794
18
,156
18
,319
18
,457
14
5,15
1
Tot
al lo
ng-te
rm li
abili
ties
251,
761
23
6,23
5
173,
734
16
5,82
9
187,
612
21
8,38
9
238,
158
23
3,78
5
266,
972
41
0,95
2
Tota
l lia
bilit
ies
2,88
0,26
6
2,
972,
447
2,70
7,52
1
2,
271,
529
2,79
2,01
4
2,
509,
866
2,57
7,13
0
2,
562,
459
2,38
9,02
8
2,
692,
287
Def
erre
d In
flow
s of R
esou
rces
Def
erre
d in
flow
s fro
m p
ensio
ns-
- -
- -
- -
- -
6,90
4
Tota
l def
erre
d in
flow
s of r
esou
rces
- -
- -
- -
- -
- 6,
904
Net
Pos
ition
Inv
estm
ent i
n ca
pita
l ass
ets
- -
- -
- -
- -
- -
Res
trict
ed fo
r ins
uran
ce c
laim
s-
- -
- -
- -
- -
- U
nres
trict
ed(1
98,8
84)
3,
837,
330
6,96
3,50
6
8,
699,
962
7,18
1,53
5
1,
382,
224
7,93
8,37
1
12
,920
,818
11
,937
,974
10
,745
,595
T
otal
net
pos
ition
(198
,884
)$
3,83
7,33
0$
6,96
3,50
6$
8,69
9,96
2$
7,18
1,53
5$
1,38
2,22
4$
7,93
8,37
1$
12,9
20,8
18$
11,9
37,9
74$
10,7
45,5
95$
148
City
of L
ubbo
ck, T
XIn
vest
men
t Poo
l Fun
dSt
atem
ent o
f Net
Pos
ition
For F
isca
l Yea
rs E
nded
Sep
tem
ber 3
0
Ass
ets
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Cur
rent
Ass
ets:
Pool
ed c
ash
and
cash
equ
ival
ents
5,32
8$
980
$
81
$
71
$
14
$
95
3$
2,11
6$
1,90
3$
3,37
6$
9,17
7$
Inve
stmen
ts4,
612
70
,673
9,
919
13
,633
9,
986
9,
047
11
,006
8,
097
16
,893
68
,567
T
otal
cur
rent
ass
ets
9,94
0
71,6
53
10,0
00
13,7
04
10,0
00
10,0
00
13,1
22
10,0
00
20,2
69
77,7
44
Prop
erty
, pla
nt a
nd e
quip
men
t:La
nd-
- -
- -
- -
- -
- B
uild
ings
- -
- -
- -
- -
- -
Impr
ovem
ents
othe
r tha
n bu
ildin
gs-
- -
- -
- -
- -
- M
achi
nery
and
equ
ipm
ent
- -
- -
- -
- -
- -
Con
struc
tion
in p
rogr
ess
- -
- -
- -
- -
- -
Allo
wan
ce fo
r dep
reci
atio
n-
- -
- -
- -
- -
- N
et p
rope
rty, p
lant
and
equ
ipm
ent
- -
- -
- -
- -
- -
Tota
l ass
ets
9,94
0
71,6
53
10,0
00
13,7
04
10,0
00
10,0
00
13,1
22
10,0
00
20,2
69
77,7
44
Def
erre
d O
utflo
ws o
f Res
ourc
esD
efer
red
outfl
ows f
rom
pen
sions
- -
- -
- -
- -
- 12
,246
Tota
l def
erre
d ou
tflow
s of r
esou
rces
- -
- -
- -
- -
- 12
,246
149
City
of L
ubbo
ck, T
XIn
vest
men
t Poo
l Fun
dSt
atem
ent o
f Net
Pos
ition
For F
isca
l Yea
rs E
nded
Sep
tem
ber 3
0
Liab
ilitie
s, D
efer
red
Inflo
ws o
f Res
ourc
es20
0620
0720
0820
0920
1020
1120
1220
1320
1420
15an
d N
et P
ositi
onC
urre
nt li
abili
ties:
Acc
ount
s and
vou
cher
s pay
able
- 58
,562
7,
519
-
- -
1,12
3
- -
22 D
ue to
oth
er fu
nds
- -
- -
- -
1,99
9
- -
- A
ccru
ed li
abili
ties
- 1,
591
-
3,70
6
3,51
8
- -
1,12
2
- 2,
655
A
ccru
ed in
tere
st pa
yabl
e-
- -
- -
- -
- 2,
330
-
Com
pens
ated
abs
ence
s-
- -
- -
- -
- 1,
196
1,
107
T
otal
cur
rent
liab
ilitie
s-
60,1
53
7,51
9
3,70
6
3,51
8
- 3,
122
1,
122
3,
526
3,
784
Long
-term
liab
ilitie
s:C
ompe
nsat
ed a
bsen
ces
- -
- -
- -
- -
2,36
6
2,13
0
Post
empl
oym
ent b
enef
its-
- -
- -
- -
- 4,
377
8,
868
N
et p
ensio
n lia
bilit
y-
- -
1,78
3
4,55
4
6,02
0
- -
- 62
,247
T
otal
long
-term
liab
ilitie
s-
- -
1,78
3
4,55
4
6,02
0
- -
6,74
3
73,2
45
Tota
l lia
bilit
ies
- 60
,153
7,
519
5,
489
8,
072
6,
020
3,
122
1,
122
10
,269
77
,029
Def
erre
d In
flow
s of R
esou
rces
Def
erre
d in
flow
s fro
m p
ensio
ns-
- -
- -
- -
- -
2,96
1
Tota
l def
erre
d in
flow
s of r
esou
rces
- -
- -
- -
- -
- 2,
961
Net
Pos
ition
Inv
estm
ent i
n ca
pita
l ass
ets
- -
- -
- -
- -
- -
Res
trict
ed fo
r ins
uran
ce c
laim
s-
- -
- -
- -
- -
- U
nres
trict
ed9,
940
11
,500
2,
481
8,
215
1,
928
3,
980
10
,000
8,
878
10
,000
10
,000
T
otal
net
pos
ition
9,94
0$
11,5
00$
2,48
1$
8,21
5$
1,92
8$
3,98
0$
10,0
00$
8,87
8$
10,0
00$
10,0
00$
150
City
of L
ubbo
ck, T
XIn
vest
men
t Poo
l Fun
dSt
atem
ent o
f Rev
enue
s, Ex
pens
es, a
nd C
hang
es in
Net
Pos
ition
For F
isca
l Yea
rs E
nded
Sep
tem
ber 3
0
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Ope
ratin
g re
venu
es:
Cha
rges
for s
ervi
ces
-$
-$
-$
-$
-$
-$
-$
-$
-$
-$
Tot
al o
pera
ting
reve
nues
- -
- -
- -
- -
- -
Ope
ratin
g ex
pens
es:
Pers
onal
serv
ices
- 41
,440
37
,292
74
,284
75
,860
38
,490
83
,101
10
2,82
7
58,4
03
89,6
69
Supp
lies
3,67
7
945
1,
011
5
856
18
0
988
99
7
1,59
9
1,37
0
Mat
eria
ls-
- -
- -
- -
- -
- M
aint
enan
ce-
- -
- -
- -
- -
- O
ther
serv
ices
and
cha
rges
163,
212
25
9,03
8
200,
218
21
5,89
6
102,
051
76
,501
24
,295
35
,014
37
,378
28
,835
D
epre
ciat
ion
- -
- -
- -
- -
- -
Tot
al o
pera
ting
expe
nses
166,
889
30
1,42
3
238,
521
29
0,18
5
178,
767
11
5,17
1
108,
384
13
8,83
8
97,3
80
119,
874
Ope
ratin
g in
com
e (lo
ss)
(166
,889
)
(301
,423
)
(238
,521
)
(290
,185
)
(178
,767
)
(115
,171
)
(108
,384
)
(138
,838
)
(97,
380)
(1
19,8
74)
Non
-ope
ratin
g re
venu
es (e
xpen
ses)
:In
tere
st e
arni
ngs
248,
318
30
2,98
3
229,
502
29
5,91
9
172,
480
11
7,22
3
114,
404
13
7,71
6
98,5
02
174,
648
D
ispos
ition
of p
rope
rties
- -
- -
- -
- -
- -
Tot
al n
on-o
pera
ting
reve
nues
(exp
ense
s)24
8,31
8
302,
983
22
9,50
2
295,
919
17
2,48
0
117,
223
11
4,40
4
137,
716
98
,502
17
4,64
8
Inc
ome
(loss
) bef
ore
cont
ribut
ions
and
tran
sfer
s81
,429
1,
560
(9
,019
)
5,73
4
(6,2
87)
2,
052
6,
020
(1
,122
)
1,12
2
54,7
74
Con
tribu
tions
and
tran
sfer
s:Tr
ansf
ers i
n-
- -
- -
- -
- -
- Tr
ansf
ers o
ut(7
8,17
6)
- -
- -
- -
- -
-
Cha
nge
in n
et p
ositi
on3,
253
1,
560
(9
,019
)
5,73
4
(6,2
87)
2,
052
6,
020
(1
,122
)
1,12
2
54,7
74
Tota
l net
pos
ition
- be
ginn
ing
of y
ear*
*6,
687
9,
940
11
,500
2,
481
8,
215
1,
928
3,
980
10
,000
8,
878
(4
4,77
4)
Tota
l net
pos
ition
- en
ding
9,94
0$
11,5
00$
2,48
1$
8,21
5$
1,92
8$
3,98
0$
10,0
00$
8,87
8$
10,0
00$
10,0
00$
** T
he c
umul
ativ
e ef
fect
of a
pply
ing
GA
SB S
tate
men
t No.
68,
"Acc
ount
ing
and
Fina
ncia
l Rep
ortin
g fo
r Pen
sion
s" re
sulte
d in
beg
inni
ng st
atem
ent o
f net
pos
ition
for F
Y 2
015
bein
g re
stat
ed.
151
Fund
ing
Am
ount
Exp
Oct
ober
Nov
embe
rD
ecem
ber
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152
North Overton Tax Increment Financing Reinvestment Zone
Annual Report
October 1, 2014 - September 30, 2015
153
City of Lubbock, TX North Overton
Tax Increment Financing Reinvestment Zone Annual Report
October 1, 2014 – September 30, 2015
Table of Contents
Introduction ..................................................................................................................................... 2
Financial Report .............................................................................................................................. 3
Appraised Values ............................................................................................................................ 3
Tax Increment Fund Revenue ......................................................................................................... 3
Performance Report ........................................................................................................................ 4
Board of Directors........................................................................................................................... 7
Maps ................................................................................................................................................ 8
154
City of Lubbock, TX North Overton
Tax Increment Financing Reinvestment Zone Annual Report
October 1, 2014 – September 30, 2015
Page 2
Introduction
The Lubbock City Council established the North Overton Tax Increment Financing Reinvestment Zone (Zone) by ordinance on March 14, 2002 to promote the development of the North Overton area. The Zone was initiated by a petition of owners of more than 50 percent of the appraised value of land in the Zone. The petition was received on October 31, 2001. The Zone was enacted after written notice and formal presentations to the governing body of each taxing unit that levies real taxes in the Zone, and after a properly advertised public hearing for public comments on the creation of the Zone.
According to the Texas Tax Increment Finance Act Section 311.016, the City must submit an annual report to the chief executive officer of each taxing unit that levies taxes on property within a zone. The report must be provided within 150 days of the end of the City’s fiscal year (September 30), and a copy must be sent to the Texas Comptroller of Public Accounts.
The Texas Tax Increment Finance Act specifies that the report must include:
Amount and source of revenue in the Tax Increment Fund established for the Zone, Amount and purpose of expenditures from the Fund, Amount of principal and interest due on outstanding bonded indebtedness, Tax increment base and current captured appraised value retained by the Zone, Captured appraised value shared by the City and other taxing units, Total amount of tax increments received, and Any additional information necessary to demonstrate compliance with the Tax Increment
Financing Plan adopted by the City.
Distribution of this annual report was approved by resolution of the City Council on January 14, 2016 upon the recommendation of the North Overton Tax Increment Financing Reinvestment Zone Board of Directors (Board) on December 17, 2015.
Glen C. Robertson, Mayor Jack Driskill, Chairman City of Lubbock North Overton TIF Board of Directors
155
City of Lubbock, TX North Overton
Tax Increment Financing Reinvestment Zone Annual Report
October 1, 2014 – September 30, 2015
Page 3
Financial Report
As set by the Lubbock Central Appraisal District (LCAD), the appraised value of the Zone increased $333,303,075 in value since the 2002 base year for each taxing jurisdiction. However, exemptions and abatements by the City and other taxing jurisdictions lower the net taxable amount available to the Tax Increment Fund as indicated on this page.
Appraised Values
Zone 2015 Appraised Value (before abatements and exemptions) $ 360,243,679
Less: 2002 Base Value 26,940,604
Current Captured Appraised Value Retained and Shared (before abatements)* $ 333,303,075
*The captured appraised value of taxable real property is the total appraised value of all real property taxable by thetaxing unit and located in a reinvestment zone for that year, less the tax increment base of the taxing unit. Texas Tax Increment Finance Act Section 311.012(b).
Tax Increment Fund Revenue
Taxing Jurisdiction 2015 Tax Rate
2002 Appraised
Value 2015 Net
Taxable Value
2015 Incremental Net Taxable
Value
Projected TIF Fund Revenue
(100% Collection)
City of Lubbock $0.538020 26,940,604 360,183,579 333,242,975 $ 1,792,914
Lubbock County 0.358158 26,940,604 360,194,179 333,253,575 1,193,574
Lubbock County Hospital District 0.115010 26,940,604 360,194,179 333,253,575 383,275
High Plains Underground Water Conservation District #1 0.008026 26,940,604 360,194,179 333,253,575 26,747
Total Fund Revenue $ 3,396,510
156
City of Lubbock, TX North Overton
Tax Increment Financing Reinvestment Zone Annual Report
October 1, 2014 – September 30, 2015
Page 4
Performance Report
The Board and City Council are operating with the Fifth Amended Project and Finance Plans approved by the Board on December 10, 2009 and approved by the City Council on February 25, 2010. The Plans outline the financial strategy to accomplish the goal of the Zone. The Financing Plan provides projections of the amount of revenue that may be received in the future and the potential project financing that revenue may support. The Project Plan describes the types of projects anticipated to occur in the Zone.
Revenues For the year ended September 30, 2015, the Zone received $3,286,427 in property tax revenues for the 2014 tax year. Any variance in the actual amount from the amount reported in the FY 2013-14 annual report can be attributed to uncollected taxes and/or exemptions. The Zone received $608,820 in hotel motel tax revenue for debt service on the conference center, $103,008 in revenue from the one percent of net revenue from the Overton Hotel and $65,527 in incentive rent from the Overton Hotel. The Zone also earned $283 in interest.
Expenditures and Projects The City Council has issued eight series of Certificates of Obligation to fund public improvement projects for the Zone. They were issued as follows:
July 15, 2003 $ 3,795,000 August 15, 2005 9,290,000 April, 15, 2006 6,307,749 August 15, 2007 4,111,341 January 17, 2008 11,805,000 May 23, 2008 1,943,758 April 8, 2009 961,386 January 20, 2010 1,982,958
All expenditures are made as defined in the Texas Tax Increment Finance Act Section 311.002(1): “Project costs means the expenditures made or estimated to be made and monetary obligations incurred or estimated to be incurred by the municipality or county establishing a reinvestment zone that are listed in the project plan as costs of public works or public improvements in the zone, plus other costs incidental to those expenditures and obligations.”
157
City of Lubbock, TX North Overton
Tax Increment Financing Reinvestment Zone Annual Report
October 1, 2014 – September 30, 2015
Page 5
FY 2014-15Expenditures
To DateCapital ProjectsNorth Overton Phase I -$ 909,192 The Centre, Phase I Project - 1,959,363 Dinerstein II, Phase I Project - 1,581,407 Tract #3 - 1,158,251 Tract #5 - 1,004,141 Tract #6 - 526,414 Tract #7 - 904,271 Dinerstein III - 1,022,627 Walmart - 2,521,914 Tract 11 - Condo I - 163,364 Tract 12 and Tract 13 - Condo II & III - 215,690 Single Family - 4,986,859 Pioneer Park Improvements - 8,268 North Overton TIF Public Facilities** - 22,652,438 Tract 1A - 84,411 ROW Acquire Glenna Goodacre Blvd. - 3,253,991 Tract 1B - 124,633 Tract 18 Commercial - 762,433 ULOFT - 86,049 Tract 1-B-3 - 68,867 Glenna Goodacre Blvd. East - 2,973,448 Tract 20 - Water Utilities North Overton TIF - 148,910 North Overton TIF Electric Utility - 322,374 Capstone - 2,312,571 Wastewater Utilities North Overton TIF - 125,574 North Overton TIF Street Reconstruction - 871,062 Landscaping in the Parkway - 89,281 North Overton TIF Public Improvements - 376,271
Total Capital Project Expenditures -$ 51,214,075
Current AdministrativeAdministrative Costs $ 20,907 286,077 Office Supplies 1,047 5,855 Professional Services 5,934 70,050 LCAD Collections Charges 1,638 14,689
North Overton Zoning - 14,194 North Overton TIF Creation - 45,312 North Overton TIF Board Administration - 8,154
Total Administrative Expenditures 29,527 444,331
Interest Expense 3,163 335,789 Bond Sale Charges - 260,812 Capital Outlay - 31,539
Total Expenditures $ 32,690 1,072,470
Transfer to Debt Service 3,186,321$ 27,346,587
** This project is funded with $11.4 million in bonds and $11 million in grants fromthe CH Foundation and the Moody Foundation
*Unaudited
North Overton TIF Expenditures
Administrative/Bond Issuance Expenditures
158
City of Lubbock, TX North Overton
Tax Increment Financing Reinvestment Zone Annual Report
October 1, 2014 – September 30, 2015
Page 6
FISCAL TOTALYEAR PRINCIPAL INTEREST REQUIREMENTS
2015-16 1,990,027.87 1,062,778.31 3,052,806.17 2016-17 2,073,424.54 980,694.57 3,054,119.12 2017-18 2,110,214.08 903,261.13 3,013,475.21 2018-19 2,222,807.80 827,973.32 3,050,781.12 2019-20 2,292,852.37 744,668.35 3,037,520.72 2020-21 2,343,462.56 656,036.83 2,999,499.39 2021-22 2,444,402.79 561,023.85 3,005,426.64 2022-23 2,545,673.08 458,205.83 3,003,878.91 2023-24 2,657,377.08 347,678.54 3,005,055.62 2024-25 2,544,562.05 235,750.39 2,780,312.44 2025-26 1,937,407.12 140,343.88 2,077,751.00 2026-27 1,545,506.78 69,002.47 1,614,509.25 2027-28 333,832.80 29,055.59 362,888.39 2028-29 207,592.55 14,179.78 221,772.34 2029-30 137,709.57 4,153.32 141,862.90 2030-31 - - - 2031-32 - - - 2032-33 - - - 2033-34 - - - 2034-35 - - -
29,389,291.38 8,244,421.91 37,633,713.29
NORTH OVERTON TIF ALLOCATIONSBUDGET
ALL CERTIFICATES & BOND ISSUES
DEBT SERVICE SCHEDULECITY OF LUBBOCK, TEXAS
This debt service schedule does not reflect the Build America Bonds subsidy from the IRS on the interest for the 2010 bonds issued.
159
City of Lubbock, TX North Overton
Tax Increment Financing Reinvestment Zone Annual Report
October 1, 2014 – September 30, 2015
Page 7
Board of Directors
Because the Zone was initiated by a petition of the property owners, by statute the board must consist of nine members. The City Council appoints six board members, who must be at least 18 years of age and owners, or a representative of owners, of real property in the Zone or employees or agents of someone who owns property in the Zone. The State Senator and State Representative for the Zone, or their designees, are also board members, as is the representative of Lubbock County. The Board is responsible for administering the Zone throughout its life span and for recommending projects to be financed with the approval of the City Council.
City Council Representative: Jack Driskill, Chair
McWhorter Cobb & Johnson LLP Term: 03/01/14 – 03/01/16
City Council Representative: Kurt Metcalf
Overton Hotel Term: 03/01/15 – 03/01/17
City Council Representative: Patrick Murfee
Murfee and Sons, Inc. Term: 03/01/15 – 03/01/17
City Council Representative: Howard Thrash
H. G. Thrash Term: 03/01/15 – 03/01/17
State Senator:
Honorable Charles Perry, State Senator
State Representative: Honorable John Frullo, State Representative
Lubbock County Representative:
Bubba Sedeno, Lubbock County Commissioners Appointee
Lubbock County Hospital District Representative: David Allison, Chief Executive Officer; Designee: Jeff Dane
High Plains Underground Water District Representative:
Jason Coleman, High Plains Underground Water District Appointee
160
City of Lubbock, TX North Overton
Tax Increment Financing Reinvestment Zone Annual Report
October 1, 2014 – September 30, 2015
Page 8
Overton Park Master Plan
Reinvestment Zone Boundary Map
161
Central Business District Tax Increment Financing Reinvestment Zone
Annual Report
October 1, 2014 - September 30, 2015
162
City of Lubbock, TX Central Business District
Tax Increment Financing Reinvestment Zone Annual Report
October 1, 2014 – September 30, 2015
Table of Contents Introduction ..................................................................................................................................... 2
Financial Report .............................................................................................................................. 3
Appraised Values ............................................................................................................................ 3
Tax Increment Fund Revenue ......................................................................................................... 3
Performance Report ........................................................................................................................ 4
Board of Directors........................................................................................................................... 7
Maps ................................................................................................................................................ 8
163
City of Lubbock, TX Central Business District
Tax Increment Financing Reinvestment Zone Annual Report
October 1, 2014– September 30, 2015
Page 2
Introduction
The Lubbock City Council established the Central Business District (CBD) Tax Increment Financing Reinvestment Zone (Zone) by ordinance on December 3, 2001 in order to promote the development of the CBD. The Zone was created after written notice and formal presentations to the governing body of each taxing unit that levies real taxes in the Zone, and after a properly advertised public hearing regarding the creation of the zone.
According to the Texas Tax Increment Finance Act Section 311.016, the City must submit an annual report to the chief executive officer of each taxing unit that levies taxes on property within a zone. The report must be provided within 150 days of the end of the City’s fiscal year (September 30), and a copy must be submitted to the Texas Comptroller of Public Accounts.
The Texas Tax Increment Finance Act specifies that the report must include:
Amount and source of revenue in the Tax Increment Fund established for the Zone, Amount and purpose of expenditures from the Fund, Amount of principal and interest due on outstanding bonded indebtedness, Tax increment base and current captured appraised value retained by the Zone, Captured appraised value shared by the City and other taxing units, Total amount of tax increments received, and Any additional information necessary to demonstrate compliance with the Tax Increment
Financing Plan adopted by the City.
Distribution of this annual report was approved by resolution of the City Council on January 14, 2016 upon the recommendation of the Central Business District Tax Increment Financing Reinvestment Zone Board of Directors (Board) on December 2, 2015.
Glen C. Robertson, Mayor Robert Taylor, Chairman City of Lubbock Central Business District TIF Board of Directors
164
City of Lubbock, TX Central Business District
Tax Increment Financing Reinvestment Zone Annual Report
October 1, 2014– September 30, 2015
Page 3
Financial Report As set by the Lubbock Central Appraisal District (LCAD), the appraised value of the Zone increased $97,027,005 in value since the 2001 base year for each taxing jurisdiction. However, exemptions and abatements by the City and other taxing jurisdictions lower the net taxable amount available to the Tax Increment Fund as indicated on this page.
Appraised Values
Zone 2015 Appraised Value (before abatements and exemptions) $202,885,256
Less: 2001 Base Value 105,858,251
Current Captured Appraised Value Retained and Shared (before abatements)* $ 97,027,005
*The captured appraised value of taxable real property is the total appraised value of all real property taxable by the taxing unit and located in a reinvestment zone for that year, less the tax increment base of the taxing unit. Texas Tax Increment Finance Act Section 311.012(b).
Tax Increment Fund Revenue
Taxing Jurisdiction/ Tax Rate
2015 Tax Rate
2001 Appraised
Value 2015 Net
Taxable Value
2015 Net Tax Increment
Value
Projected TIF Fund Revenue
(100% Collections)
City of Lubbock $0.538020 105,858,251 202,359,028 96,500,777 $ 519,193
Lubbock County
0.358158 105,858,251 202,443,828 96,585,577 345,929
Lubbock County Hospital District
0.115010 105,858,251 202,443,828 96,585,577 111,083
High Plains Underground Water Conservation District #1
0.008026 105,858,251 202,443,828 96,585,577 7,752
Total Fund Revenue $ 983,957
165
City of Lubbock, TX Central Business District
Tax Increment Financing Reinvestment Zone Annual Report
October 1, 2014– September 30, 2015
Page 4
Performance Report
The Board and the City Council are operating with the Fourth Amended Project and Finance Plans approved by the Board on August 25, 2009 and approved by the City Council on September 24, 2009. The Plans outline the financial strategy to accomplish the goal of the Zone. The Financing Plan provides projections of the amount of revenue that may be received in the future. The Project Plan describes the types of projects anticipated to occur in the district.
Revenues
In FY 2014-15, the Zone received $794,410 in revenues for value earned in 2014, and $6,751 in interest earned. Any variance in the actual amount from the amount reported in the FY 2013-14 Annual Report can be attributed to uncollected taxes and/or exemptions. The City Council approved the transfer of the 25 percent of Oil and Gas Revenue that is deposited into the North and East Lubbock Neighborhood and Infrastructure Fund for Downtown Redevelopment and it will continue to be transferred to the CBD TIF each year. In 2014, the City Council approved the transfer of $181,132 from the North and East Lubbock Neighborhood and Infrastructure Fund to the CBD TIF for downtown redevelopment.
Expenditures and Projects
The City Council has issued four series of Certificates of Obligation to fund public improvement projects for the Zone. The principal amount of Certificates of Obligation is as follows:
February 4, 2010 $ 247,564 March 15, 2011 1,404,380 May 1, 2014 2,165,000 April 28, 2015 2,690,000
All expenditures are as defined in the Texas Tax Increment Finance Act Section 311.002(1): Project costs means the expenditures made or estimated to be made and monetary obligations incurred or estimated to be incurred by the municipality or county establishing a reinvestment zone that are listed in the project plan as costs of public works or public improvements in the zone, plus other costs incidental to those expenditures and obligations.
166
City of Lubbock, TX Central Business District
Tax Increment Financing Reinvestment Zone Annual Report
October 1, 2014– September 30, 2015
Page 5
FY 2014-15Expenditures
To-DateCapital ProjectsPublic Utility Engineering and Coordination -$ 222,148 Underground Utilities 1,532,512 1,784,943 EDA Grant - 2,245,614 Glenna Goodacre Boulevard Extension 13,025 27,364
Total Capital Project Expenditures 1,545,538 4,280,070
AdministrativeAdministrative Costs 31,372 264,269 Office Supplies 1,628 6,749 Professional Services 4,172 45,515 LCAD Collections Charges 2,085 21,213
Subtotal Adminstrative Expenses 39,257 337,746
Special ProjectsDowntown Redevelopment Plan - 100,000 Schrader & Cline - Project and Finance Plan - 75,547 Civic Lubbock Guitar Project - 8,500 Fiber Optic Line Relocation - 25,254 SGS Engineering - 8,396 McDougal Master Development Agreement 200,121 2,161,669 ROW Acquisition - GGB & Avenue Q - 342,619 Civic Center Hotel Feasibility Study 44,061 44,061 Misc. Projects - 37,631 Transfer to Capital Project Fund - 800,000
Subtotal Special Projects 244,182 3,603,676
Bond Sale Charges 23,718 59,727 Capital Outlay - 58,101
Total Expenditures 307,158 4,059,249
Transfer to Debt Service 300,691$ 712,915
Central Business District TIF Expenditures
Administrative/Bond Issuance Expenditures
* Unaudited
167
City of Lubbock, TX Central Business District
Tax Increment Financing Reinvestment Zone Annual Report
October 1, 2014– September 30, 2015
Page 6
FISCAL TOTALYEAR PRINCIPAL INTEREST REQUIREMENTS
2015-16 173,573.02 328,861.39 502,434.40 2016-17 221,536.99 285,089.87 506,626.86 2017-18 234,569.32 274,340.21 508,909.54 2018-19 247,553.82 262,649.91 510,203.73 2019-20 265,411.16 250,488.71 515,899.87 2020-21 273,755.21 237,348.36 511,103.57 2021-22 287,517.62 223,323.81 510,841.43 2022-23 301,542.53 208,581.65 510,124.18 2023-24 315,751.99 193,109.46 508,861.45 2024-25 330,243.09 176,861.87 507,104.96 2025-26 349,947.45 160,381.03 510,328.49 2026-27 364,904.74 143,027.64 507,932.38 2027-28 385,124.52 124,113.54 509,238.06 2028-29 400,528.87 104,302.28 504,831.15 2029-30 426,264.07 84,280.71 510,544.78 2030-31 429,180.23 64,504.51 493,684.74 2031-32 335,000.00 47,175.00 382,175.00 2032-33 345,000.00 32,000.00 377,000.00 2033-34 365,000.00 16,150.00 381,150.00 2034-35 200,000.00 4,000.00 204,000.00
6,252,404.65 3,220,589.94 9,472,994.59
CENTRAL BUSINESS DISTRICT TIFBUDGET
ALL CERTIFICATES & BOND ISSUES
DEBT SERVICE SCHEDULECITY OF LUBBOCK, TEXAS
168
City of Lubbock, TX Central Business District
Tax Increment Financing Reinvestment Zone Annual Report
October 1, 2014– September 30, 2015
Page 7
Board of Directors
The Zone consists of one representative from each of the jurisdictions that levy taxes within the zone and representatives appointed by the municipality. In establishing the Board, the City Council specified nine members with five members appointed by the City Council. City Council appointed Board representatives must be qualified voters of the municipality or at least 18 years of age. The Board is responsible for administering the Zone throughout its life span and for recommending projects to be financed with the approval of the City Council.
Council Appointee: Robert Taylor, Chair United Supermarkets – Corporate Office
Term: 1/01/14 – 1/01/16
Council Appointee: Currently Vacant
Term: TBD
Council Appointee: Vacant
Term: TBD
Council Appointee: Dan Pope Benchmark Business Solutions
Term: 1/01/14 – 1/01/16
Council Appointee: Henry Patel Prem Industries LLC
Term: 1/24/14 – 1/01/16
Lubbock Independent School District Appointee: Berhl Robertson, Superintendent
High Plains Underground Water Conservation District Appointee: Jason Coleman, Manager
Lubbock County Hospital District Appointee and Designee: David Allison, Chief Executive Officer; Designee: Jeff Dane
Lubbock County Commissioners Court Appointee: Honorable Tom Head, County Judge
169
City of Lubbock, TX Central Business District
Tax Increment Financing Reinvestment Zone Annual Report
October 1, 2014– September 30, 2015
Page 8
CBD TIF Preferred Plan
Reinvestment Zone Boundary Map
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