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HomeMy WebLinkAboutCity of El Campo - Public Financial Report1 Popular Annual Financial Report For the Year Ended September 30, 2021 City of El Campo 2 As mayor of the City of El Campo, in collaboratfon with the City Council and city staff, I am proud to pre- sent this year’s City of El Campo Popular Annual Financial Report for the year ended September 30, 2021. This report is a summary of the City’s Comprehensive Annual Financial Report and includes informatfon regarding the City’s revenues, spending and financial conditfon. We provide this version for citfzens to gain an understanding of how their tax dollars are spent, and to demonstrate that our City leaders are re- sponsible stewards of funds and to remain transparent and accountable to the citfzens of El Campo. We appreciate your interest in the City of El Campo’s government and how it functfons, and we welcome your feedback, suggestfons and comments regarding the informatfon contained in this report. Sincerely, Chris Barbee Mayor FY 2021 Popular Annual Financial Report—City of El Campo, Texas Front Row (l-r): District 2 Councilwoman Gloria Harris, Mayor Chris Barbee, District 1 Councilwoman Anisa Longoria Vasquez Back Row (l-r): At Large Councilman Philip Miller, District 3 Councilman David Hodges, District 4 Council- man John Hancock, Mayor Pro-Tem Eugene Bustamante 3 Chris Barbee Mayor / At-Large Eugene Bustamante Mayor Pro Tem / At-Large Philip Miller At Large 3 Anisa Longoria Vasquez District 1 Gloria Harris District 2 David Hodges District 3 John Hancock District 4 Courtney Sladek City Manager, CGFO, ICMA-CM Ronny Collins City Attorney FY 2021 Popular Annual Financial Report—City of El Campo, Texas 4 CITY PROFILE In 1882 a railroad camp was located where El Campo now stands. The camp was first named "Prairie Switch" and then "Pearl of the Prairie" but was later changed by the Mexican Cowboys to "El Campo" which means "the camp." Ranching was the main industry, and thousands of cattle were shipped annually. At that tfme El Campo was sur- rounded by four large ranches; to the north was the Brown Ranch; to the south was the Texas Land and Cattle Com- pany, to the west was the Herder Ranch, and to the east was the Pierce Ranch. El Campo was incorporated in 1905. The municipal government was composed of a mayor and five aldermen. Mr. Mack Webb was elected mayor, with a salary of $10.00 per month. W. G. McDonald was the first city attorney; W. E. Franz, the first city secretary. Members of the first council were H. G. Beard, E. L. Correll and W. W. Duson. Soon after the establishment of a formal government, came adequate police protectfon and a volunteer fire depart- ment. Utflity services were expanded. The City of El Campo has been the result of a steady and contfnual growth by citfzens who came and saw the great possibilitfes that El Campo has to offer. El Campo is strategically positfoned mid-way along the Texas Gulf Coast. The City of El Campo covers an area of 6.7 square miles and is the largest city in Wharton County, which covers an expansive 1,115 square miles. El Campo is ideally situated for transportatfon at the intersectfon of US Highway 59 (future Interstate 69 and NAFTA corridor) and State Highway 71 and only 38 miles from cross-country Interstate highway, I-10. The land area is 8.5 square miles and is approximately 105 feet above sea level. Populatfon density is low, about 1,365 people per square mile. The estfmated median household income in 2017 was $42,491. The 2017 cost of living index in El Campo is 85.5 (low compared to the US average of 100). FY 2021 Popular Annual Financial Report—City of El Campo, Texas 5 As part of an ongoing commitment to transparency and helping ensure community access to information about its local government the City of El Campo provides this Popular Annual Financial Report (PAFR), which describes the City’s financial activities and position in 2021. This is a summary of the information reported in the city’s 2021 Comprehensive Annual Financial Report. While the Comprehensive Annual Financial Report is prepared in accordance with Generally Accepted Accounting Principles (GAAP), the PAFR is not. The Comprehensive Annual Financial Report is a more detailed, audited document of record, and it presents infor- mation in a format consistent with this standard to ensure it includes detailed information including the city’s component units, pre- sents individual funds in detail, and fully discloses all material events, both financial and non-financial. By contrast, the purpose of the PAFR is to increase public awareness about the City’s financial condition by presenting information in a more user-friendly format and is unaudited and not presented in accordance with GAAP. Both the Comprehensive Annual Financial Report and PAFR are available on the City of El Campo’s webpage at www.cityofelcampo.org/departments/finance/index.php The City’s website also includes a wealth of informatfon about the: actfvitfes of city departments; job opportunitfes; budgets; council members; agendas and meetfngs; community events; and much more. Within the Comprehensive Annual Financial Report, the city presents two different types of financial statements. 1. The government-wide financial statements are designed to provide readers with a long-term overview of the City’s finances. The statements include a Statement of Net Position and the Statement of Activities. The government-wide financial statements dis- tinguish functions of the city that are principally supported by taxes and intergovernmental revenues (governmental activities) from other functions that are intended to recover all, or a significant portion of their costs through user fees and charges (business-type activities). The governmental activities encompass general government, administrative, public safety, public works including streets and transportation, planning and development, culture and recreation, parks, and property and facility acquisition services. The business-type activities of the city include the water and wastewater utilities, stormwater and flood management, and Emergency Medical Services 2. The fund financial statements provide a short-term perspective of individual funds. FINANCIAL STATEMENTS ABOUT THE POPULAR ANNUAL FINANCIAL REPORT FY 2021 Popular Annual Financial Report—City of El Campo, Texas 6 FY 2021 Popular Annual Financial Report—City of El Campo, Texas OR G A N I Z A T I O N C H A R T 7 WHERE THE REVENUE COMES FROM Statement of Actfvitfes- Government-wide Revenues The City of El Campo receives revenue from a variety of sources, described below.  Property Tax– Property tax is levied on the assessed value of all real property, certain personal property, and public utilities within the city.  Sales Tax– Sales Tax is collected on all retail sales and other busi- ness activity.  Franchise Tax– the rent a utility company uses to pay for right -of-ways to run their lines.  Other Taxes– local portion of Mixed Use Tax and Hotel Motel Tax  Charges for Services– Charges to the public for services the city provides. These include court fees, parks and recreation fees, and utility services.  Operatfng Grants– Funding received from other govern- ments and organizations for the purpose of financing one or more specific projects.  Capital Grants– Finding received from other governments to pur- chase, construct or renovate specific capital assets.  Investment Earnings– Earned on the city’s fixed income invest- ments.  Other Revenues– Consists of revenues received that are not otherwise categorized in the charts. WHERE THE REVENUE COMES FROM Governmental/Business-Type Actfvitfes Expenses 2021 2020 2019 Property Taxes $ 4,240,781 $ 4,292,324 $ 4,287,660 Sales Tax 4,547,647 3,973,881 3,795,391 Franchise Tax 813,322 717,455 733,735 Other Taxes 177,243 186,304 Charges for Services 8,732,794 8,869,754 8,594,679 Operatfng Grants 1,604,280 1,058,389 170,057 Capital Grants - 2,002,376 2,280,158 Investment Earnings 15,740 44,016 82,446 Gain on Sale of Assets - - 38,313 Miscellaneous Revenues 700,127 355,308 218,076 Total Revenues $ 20,654,691 $ 21,553,600 $ 20,386,819 FY 2021 Popular Annual Financial Report—City of El Campo, Texas 8 WHERE THE REVENUES GO Statement of Actfvitfes-Government wide Expenses The city uses the revenue it receives to provide a variety of services to the com- munity. A description of the city’s ex- penses is provided below.  General Government– Includes expenses incurred for personnel and operating expenses.  Public Safety– Includes expenses incurred for public safety depart- ments including Police, Fire, and 911 call center.  Public Works– Expenses for Public Works include street and public building construction and mainte- nance and other public services.  Parks and Recreatfon- Expenses for Parks and Recreation include opera- tion, construction, and maintenance of parks, recreation centers and rental facilities.  Interest on Long-Term Debt– Expenses incurred for outstanding debt obligations.  Utflitfes– Expenses for the oper- ating costs of these utilities, includ- ing upgrades and maintenance of water, wastewater, sewer lines and treatment plants.  Emergency Medical Services– Ex- penses for the day to day operating of the emergency medical system such as personnel services, opera- tional expenses, supplies, and repairs and maintenance. Governmental/Business-Type Actfvitfes Expenses 2021 2020 2019 General Government $ 2,269,688 $ 2,672,521 $ 2,482,306 Public Safety 4,842,663 6,078,528 4,625,059 Public Works 2,958,437 2,846,191 2,340,432 Parks and Recreation 1,066,622 1,211,309 1,187,754 Interest on Long-Term Debt 1,246,487 811,596 707,641 Utilities 4,678,834 6,228,658 5,436,091 Emergency Medical Services 1,672,293 2,413,902 2,090,865 Total Expenses $ 18,735,024 $ 22,332,705 $ 18,870,148 FY 2021 Popular Annual Financial Report—City of El Campo, Texas 9 STRONG FINANCIAL STABILITY The Government-wide Balance Sheet, also known as the Statement of Net Positfon, reports the overall financial positfon of the city’s as- sets and deferred outilows of resources as well as its liabilitfes and deferred inflows of resources with the difference being the net posi- tfon. Deferred outilows and inflows of resources represent expenses and revenues that will be recognized in a future period. Increases or decreases in net positfon, over tfme, serve as a useful indicator of whether the financial positfon of the city is improving or deterioratfng. The table on this page provides a summary of the city’s assets, deferred outilows of resources, liabilitfes, deferred inflows of resources, and net positfon at the end of 2019, 2020 and 2021. The city’s assets exceeded its liabilitfes by $18.34 million at September 30, 2021. The largest portfon of the city’s net positfon, $16.21 million, reflects the investment in capital assets (i.e.: land, buildings, infrastructure, ma- chinery and equipment, utflity plants, drainage, etc.), net of related debt. The city uses these capital assets to provide services to the pub- lic. An additfonal portfon of the city’s net positfon, $914,090, are subject to usage restrictfons. The remaining unrestricted balance of net positfon, $1.22 million, may be used to meet the city’s ongoing obligatfons. FY 2021 Popular Annual Financial Report—City of El Campo, Texas STATEMENT OF NET POSITION– GOVERNMENT-WIDE 2019 2020 2021 Current and Other Asset 8,583,187 7,775,539 13,160,747 Capital Assets, Net 50,522,589 53,992,333 51,855,481 Total Assets 59,105,776 61,767,872 65,016,228 Total Deferred Outflows of Resources 666,194 1,095,345 935,202 Current Liabilities 2,672,523 1,484,754 3,803,092 Long-Term Liabilities 40,748,694 43,768,808 42,758,983 Total Liabilities 43,421,217 45,253,562 46,562,075 Total Deferred Inflows of Resources 331,373 1,115,069 1,053,283 Net Positions: Net Investments in Capital Assets 23,544,914 24,809,225 16,206,238 Restricted 327,188 478,411 914,090 Unrestricted 6,581,189 8,793,050 1,215,744 Total Net Positions 17,290,913 16,494,586 18,336,072 All data obtained from page 9 of the FY20 Comprehensive Financial Report. Statement of Net Positon Bond Ratfngs Standard & Poor’s AA-  Strong management, with good financial policies and practices under the Financial Management Assessment (FMA) methodology  Very strong liquidity, with total government available cash at 115.5% of total government fund expenditures and 17.5 governmental debt services, and access to external liquidity considered strong.  Strong institutional framework score  Capacity to meet financial commit- ment on obligations is very strong  Ability to secure lower interest rates 10 STRONG FINANCIAL STABILITY General Fund Revenues 2019 2020 2021 Taxes 7,520,561 7,552,101 8,154,063 Permits and Licenses 142,190 196,908 189,417 Intergovernmental Revenues 133,112 669,329 19,567 Charges for Services 224,503 108,196 326,165 Fines and Penalties 389,204 227,857 286,384 Interest 37,780 28,147 9,100 Miscellaneous Receipts 73,411 141,273 158,893 Total Revenue 8,520,761 8,923,811 9,143,589 Sales of Capital Assets 49,766 4,296 - Transfer In 689,091 681,325 592,085 Capital Lease 177,873 563,208 135,161 Total Other Services 916,730 1,248,829 727,246 Total Resources 9,437,491 10,172,640 9,597,041 Expenditures General Government 2,169,781 2,131,185 1,942,564 Public Safety 3,940,972 4,256,695 4,393,561 Public Works 1,590,480 1,513,716 1,746,825 Parks and Recreation 866,708 852,282 839,841 Debt Service 120,204 120,068 - Capital Outlay 205,488 718,585 135,143 Total Expenditures 8,893,633 9,592,531 9,057,934 Transfers Out 324,680 308,684 234,000 Total Expenditures and Other Uses 9,218,313 9,901,215 9,291,934 Business- Type Actfvitfes 2019 2020 2021 Charges for Service 7,487,350 7,846,663 7,876,944 Miscellaneous 187,494 267,609 348,982 Intergovernmental 351,247 523,360 1,429,601 Interest 39,483 9,800 2,979 Total Revenue 8,065,574 8,647,432 9,658,506 Capital Contributions - - - Transfers In 638,690 - - Total Other Sources 638,690 - - Total Resources 8,704,264 8,647,432 9,658,506 Total Operating Expenses 7,285,442 8,715,722 6,351,127 Transfers Out 1,455,597 875,200 984,274 Interest and Fiscal Charges 180,865 265,685 515,764 Total Expenditures and Other Users 8,921,904 9,856,607 7,851,165 FY 2021 Popular Annual Financial Report—City of El Campo, Texas Large Income Changes  Increased Sales Tax Revenue  Tres Palacios Project Grant Reimbursement  Lost Lagoon Reimbursement Large Expense Changes  Ambulance Re-mount  South Highway 71, under I-69, water and sewer line extension was complete  Playground equipment at Willie Bell Park was replaced  3 Police Units and 1 Animal Control Truck  Community Development Block Grant (CDBG) was completed  Replaced a Fire Command Unit  Continued our street rehabilitation program  Continued our water/sewer rehabilitation program 11 AWARDS AND CERTIFICATIONS FY 2021 Popular Annual Financial Report—City of El Campo, Texas City Achievements The City Finance Department has received recognition from the Government Finance Officers As- sociation of the United States and Canada (GFOA) by receiving the Certificate of Achievement for Excellence in Financial Reporting for the Comprehensive Annual Financial Report (Distinguished Budget) since 1998. The City of El Campo is also a Silver Scenic City, Texas Police Chief’s Association Recognized Police Department, Keep Texas Beautiful Affiliate, American Public Works Association accredited, Superi- or Water Quality, and has an AA– Credit Rating from S&P. 12 QUICK FACTS $61.5 Million dollars in Building Permit values 557 Building Permits (Remodel, New con- struction, Garage/ carport/deck) 4,714 Water customers 15 Miles of storm sewers 94 Miles of sanitary sewers 83.7 Miles of paved streets 16 Full-time EMS Employees 8:03 Average EMS response time 36 Volunteer Fire Fighters 5:00 Average Fire response time 16,147 Calls for Emergency Service (Police, EMS & Fire) 29 Sworn Police Officers 121.47 Acres of parks Parks 9 45 Part-time City of El Campo Employees 116 Full-time City of El Campo Employees 24.16 Extraterritorial Jurisdiction (ETJ) Area in Square Miles 9.05 City of El Campo in Square Miles $41,460 Per Capita Personal Income 11,630 Population of City of El Campo FY 2021 Popular Annual Financial Report—City of El Campo, Texas 13 CITY OF EL CAMPO Functfon 2017 2018 2019 2020 2021 Administration 2 2 2 3 3 Finance 2 3 3 3 3 Personnel 1 1 1 1 1 Municipal Court 4 4 4 4 4 Inspections 5 5 5 5 5 Police 35 36 36 35 35 Communications 8 8 8 9 9 EMS 14 14 15 15 15 Public Administration 3 3 2 2 2 Streets 12 11 11 12 12 Vehicle Maintenance 2 2 2 2 2 Community Services/Parks 5 6 6 7 7 Aquatic Center 1 1 2 2 2 Water and Sewer Administration 4 3 3 3 3 Water Production and Wastewater Collections 10 10 11 11 11 Wastewater Treatment Plant 2 2 2 2 2 Total Full-Time Employees 110 111 113 116 116 FY 2021 Popular Annual Financial Report—City of El Campo, Texas 14 WHAT YOUR GOVERNMENT DOES The City Government’s main goal is to make sure the citizens are taken care of and being provided the services they need. A large portion of the City of El Campo’s budget goes to Public Safety and Public Works. Public Safety includes Police and Fire protection and Emergency Medical Services. The employees stay up to date in training and certifications because the safety of the citizens is the main priority. Our Public Works and Utility Departments ensures that residents have running water, working sewer and drivable streets. The guys are on call 24/7 to repair busted mains, sewer leaks and any other issues that may arise. Street Paving is also done on a revolving schedule every year. FY 2021 Popular Annual Financial Report—City of El Campo, Texas 15 GLOSSARY Assets Property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies Bond Ratings A grade given to bonds that indicates their credit quality. Independ- ent rating services such as Standard & Poor's and Moody's provide these evaluations of a bond issuer's financial strength, or its ability to pay a bond's principal and interest in a timely fashion. Business-Type Activities Any activity a business engages in for the primary purpose of making a profit. Business activities, including operating, investing and financ- ing activities, are ongoing and focused on creating value for shareholders. Expenditures The action of spending funds Expenses The cost required for something; the money spent on something. Fiscal Charges Revenue duties, internal taxes, and other internal charges on goods. FMA Financial Management Assessment Methodology FY Fiscal Year GAAP Generally Accepted Accounting Principles GFOA Government Finance Officers Association of U.S. and Canada Governmental Activities Include general administration, public safety, education, streets and roads, and health and sanitation. Interest Money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt. Intergovernmental Revenue Amounts received from other governments as fiscal aid in the form of shared revenues and grants-in-aid, as reimbursements for performance of general government functions and specific services for the paying govern- ment. Investments The action or process of investing money for profit or material result 16 The Popular Annual Financial Report (PAFR) is intended to summarize and simplify the statfstfcal, economic and financial informatfon contained in the 2021 Comprehensive Annual Financial Report. The Comprehensive Annual Financial Report was prepared in conformance with Generally Accepted Accountfng Principles (GAAP) and was independently audited by BrooksWatson & Co., PLLC. The PAFR, while unaudited, provides a brief analysis of where the City’s revenues come from and where the dollars are spent as well as trends and details on the local economy. It is presented as a means of increasing public awareness about the City’s financial conditfon through a more user-friendly presentatfon. For a more detailed, GAAP basis, full disclosure review of the individual funds and component units’ financial statements, please refer to the City’s Comprehensive Annual Financial Report that is accessible through the City’s website: http://www.cityofelcampo.org. For more information on the City of El Campo, visit www.cityofelcampo.org, follow us on Facebook. 315 E. Jackson St. El Campo, TX 77437 979.541-5000 ph 979-543-0027 fax www.cityofelcampo.org City of El Campo FY 2021 Popular Annual Financial Report—City of El Campo, Texas