The quarterly financial report for the City of Alamo Heights as of September 30, 2017 showed that: 1) The General Fund revenues were at 100% of budget and expenditures were at 94% of budget, resulting in a surplus. Property tax collections were at 99.6% of budget. 2) Utility Fund revenues were at 96% of budget and expenditures were at 87% of budget, also resulting in a surplus. 3) The investment portfolio totaled $8.2 million as of September 30, 2017 and was diversified across different investment types and within performance measures.

1. Presented By: Robert Galindo, Finance Director
Item # 13
City Council Meeting
November 13, 2017
QUARTERLY FINANCIAL REPORT
AS OF SEPTEMBER 30, 2017

2. 2
General Fund Revenues & Expenditures
Utility Fund Revenues & Expenditures
Capital Projects Fund
Investment Portfolio Update
Summary of City’s Financial Position
4th Quarter 2017 Financial Report

3. 3
General Fund Revenues FY 2016-17
FY 2016-17 FY 2016-17 FY 2016-17 FY 2015-16
BUDGET 12 MONTHS % BUDGET 12 MONTHS
PROPERTY TAXES $ 5,278,902 $ 5,259,931 1
99.6% $ 4,976,355
SALES TAX 981,000 1,009,407 103% 1,010,332
OTHER TAXES 891,700 839,020 94% 837,155
TOTAL TAXES $ 7,151,602 $ 7,108,359 99% $ 6,823,842
PERMITS & FEES 477,200 604,835 127% 557,398
INTERGOVERNMENTAL 473,223 435,027 92% 445,654
CHARGES FOR SERVICES 1,232,000 1,223,264 99% 1,400,679
FINES AND FORFEITURES 337,726 284,312 84% 298,583
INVESTMENTS 29,000 57,455 198% 26,569
MISCELLANEOUS 88,510 94,528 107% 93,487
OTHER FINANCING SOURCES 71,471 76,956 108% 66,656
TOTAL REVENUES $ 9,860,732 $ 9,884,736 100% $ 9,712,868
1. This is the General Fund portion. The Debt Service fund received $894,870 in property tax revenue.

4. 4
Property tax collections are for the whole fiscal year.
Budget to Actual 4th Quarter FY 2016-17

5. 5
Includes both General Fund and Street Maintenance tax collections by month

6. 6
General Fund Expenditures
FY 2016-17 FY 2016-17 FY 2016-17 FY 2015-16
BUDGET 12 MONTHS % BUDGET 12 MONTHS
ADMINISTRATION & FINANCE $ 2,476,189 $ 2,380,604 96% $ 2,277,684
COMMUNITY DEVELOPMENT 439,987 372,349 85% 359,731
FIRE/EMS 2,762,839 2,451,669 89% 2,526,381
POLICE / DISPATCH 2,973,584 2,818,165 95% 2,666,472
PUBLIC WORKS 1,677,983 1,655,748 99% 1,586,272
TOTAL EXPENDITURES $ 10,330,582 $ 9,678,536 94% $ 9,416,539
OPERATING OVER/UNDER $ 80,150 $ 206,200 $ 1,833,483
City of Alamo Heights
Expenditures for the General Fund were within budget.

7. 7

8. 8
Utility Fund Revenues & Expenditures
as of September 30, 2017
FY 2016-17 FY 2016-17 FY 2016-17 FY 2015-16
BUDGET 12 MONTHS % BUDGET 12 MONTHS
WATER $ 1,884,900 $ 1,869,803 99% $ 1,788,555
SEWER 1,670,088 1,529,795 92% 1,454,976
TOTAL REVENUES $ 3,554,988 $ 3,399,598 96% $ 3,243,531
WATER $ 1,727,215 $ 1,543,438 89% $ 1,418,039
SEWER 1,234,000 1,214,684 98% 1,263,469
CAPITAL EXPENDITURES 427,000 180,694 42% 61,242
TRANSFERS 70,471 70,471 100% 66,246
TOTAL EXPENDITURES $ 3,458,686 $ 3,009,286 87% $ 2,808,997
OPERATING OVER/UNDER $ 96,302 $ 390,312 $ 434,534

9. 9
Capital Projects Fund as of September 30, 2017
FY 2016-17 FY 2016-17
YTD TOTAL BUDGET
BEGINNING BALANCE $ 961,694 $ 957,406
REVENUES
INTERGOVERNMENTAL-VIA 40,000 0
TOTAL REVENUES $ 40,000 $ 0
EXPENSES
CITY PROJECTS 93,617 100,000
TOTAL EXPENDITURES $ 93,617 $ 100,000
FUND BALANCE $ 908,077 $ 857,406

10. 10
Investment Portfolio Update
CERTIFICATES OF DEPOSIT
GENERATIONS FCU 1.12% 01/06/18 234,391 3%
SAVINGS ACCOUNTS
JEFFERSON BANK* 0.35% 1,696,999 20%
INVESTMENT POOLS
LONE STAR 0.98% 1,948,770
LOGIC 1.26% 3,237,241
TEX STAR 1.02% 30,666
TEXPOOL INVESTMENT 1.00% 2,272
SUBTOTAL 5,218,948 63%
OPERATING ACCOUNT
FROST BANK* non-interest bearing 1,128,196
SUBTOTAL 1,128,196 14%
TOTAL INVESTMENT PORTFOLIO AS OF September 30, 2017 8,278,534 100%
(Cash Balance)
* Frost Bank and Jefferson Bank pledge securities in the name of the City of Alamo Heights sufficient
to cover balances which are not covered by FDIC

11. Beginning Value as of October 1, 2016 7,029,715$
.
Changes
Market Value Fluctuations 0
Net Increase (Decrease) to Pool Accounts 2,346,818
Net Increase (Decrease) to CD's 2,617
Net Increase (Decrease) to Savings Account (1,492,000)
Net Increase (Decrease) to Operating Account 391,384
Net Amortization of Premium and Discounts -
Maturities -
Purchases -
Ending Value as of September 30, 2017 8,278,534$
Investment Portfolio Update (Cont.)
11

12. PERFORMANCE MEASURES:
Benchmark Actual
90 Day Treasury 1.04% Average Yield 0.83%
Savings Account 0.35%
CD 1.12%
Investment Pools 1.07%
Operating Account 0.00%
Weighted Average Maturity Maximum 365 days 29
Diversification
Certificates of Deposit Maximum 100% 3%
Savings Account Maximum 80% 20%
U.S. Agencies Maximum 100% 0%
Operating Account Maximum 80% 14%
Investment Pools Maximum 100% 63%
Maximum Days to Maturity (as of purchase date)
U. S. Agencies Maximum 1,095 days 0
Certificates of Deposit Maximum 360 days 98
This report is in full compliance with the investment strategies as established by the City of Alamo Heights
Investment Portfolio Update (Cont.)
12

13. 13
Summary of City’s Financial Position
PERFORMANCE SUMMARY FOR THE 4th QUARTER OR 100% OF BUDGET
% Current Quarter YTD Quarter
GENERAL FUND
Total Revenues as % of Budget 100% Positive Positive
Total Expenditures as % of Budget 94% Positive Positive
Total Property Tax Collections 99.6% Positive Positive
Sales Tax Revenues Analysis 103% Positive Positive
ENTERPRISE FUND
Utility Fund Revenues as % of Budget 96% Positive Positive
Utility Fund Expenditures as % of Budget 87% Positive Positive