Adopted Budget FY 2018-2019

Water Fund
Treasury Management
www.mcallen.net/mpu/departments/administration
Mission
Statement:
Charged with
performing financial,
investment,
procurement
accounting and
treasury functions,
the Financial
Operations &
Treasury
Management
Department's
mission is to develop
and implement a
comprehensive and
systematic approach
to financial planning
that guides MPU in
ite efforts to provide
the best and most
Contact Us:
Melba D. Carvajal,
CPM
Director of Finance
for Utilities
1300 Houston
Avenue McAllen, TX
78501
(956) 681-1630
Description:
The Treasury
Management
Department with a
staff of 4 employees
strives to enhance
the financial,
accounting and
reporting functions of
McAllen Public Utility
by introducing a level
of efficiency,
transparency and
accountability that
positively affects the
public perception of
the financial impact
of how the
organization
operates.
Department Summary
Actual Adj. Budget Estimated Budget
Expenditure Detail: 16-17 17-18 17-18 18-19
Personnel Services
Salaries and Wages $ 221,107 $ 256,307 $ 235,459 $ 254,957
Employee Benefits 47,946 63,887 55,282 63,888
Supplies 968 1,200 1,200 1,200
Other Services and Charges 87,402 98,608 94,132 107,486
Maintenance 61,867 68,777 67,924 72,270
Operations Subtotal 419,290 488,779 453,997 499,801
Non-capitalized Capital Outlay 3,302 - - 1,000
Operations & Capital Outlay Total 422,592 488,779 453,997 500,801
Total Expenditures $ 422,592 $ 488,779 $ 453,997 $ 500,801
PERSONNEL
Exempt 2 2 2 2
Non-Exempt 2 2 2 2
Part-Time - - - -
Total Positions Authorized 4 4 4 4
1.) To operate in full compliance with all applicable legal requirements and supplementary
governmental understandings.
2.) To perform rate analyses for water and sewer services resulting in rates, fees and charges
that generally reflect all costs of supplying those services to the customer.
3.) To manage MPU's credit rating at as favorable a level as can be maintained consistent with the needs
of the financing and the cost of debt.
4.) To implement a program to educate and professionally develop staff.
Performance Measures
Inputs:
Actual Goal Estimated Goal
FY 16-17 FY 17-18 FY 17-18 FY 18-19
Number of full time employees 4 4 4 4
Department Expenditures $ 422,592 $ 488,779 $ 453,997 $ 500,801
Outputs:
Preparation of the annual budget Yes Yes Yes Yes
Preparation/presentation of financial reports Yes Yes Yes Yes
Annual approval of Investment Policy Yes Yes Yes Yes
Quarterly approval of investment reports Yes Yes Yes Yes
Maintenance/enhancement of credit rating Yes Yes Yes Yes
MPU Funds monitored/reported 13 13 13 13
Procurement transactions verified, City-wide 21,800 21,600 21,600 21,800
Procurement card charges, City-wide $ 4,600,000 $ 4,500,000 $ 4,500,000 $ 4,600,000
Outstanding Long-term Debt (principal only) $ 119,630,000 $ 132,876,000 $ 132,876,000 $ 126,740,000
Investment portfolio managed ** $ 258,435,524 $ 270,000,000 $ 270,000,000 $ 270,000,000
Effectiveness Measures:
Credit rating of revenue bonds AA+/AA AA+/AA AA+/AA AA+/AA
Efficiency Measures:
MAJOR FY 18-19 GOALS
Percentage of procurement card transactions
verified 100% 100% 100% 100%
Total Outstanding Long-term Debt Per Capita
(principal only) $ 836 $ 915 $ 900 $
858
Monthly turn-key cost to manage City-wide
investment portfolio 51 46 50 45
Department expenditures per employee $ 105,648 $ 122,195 $ 113,499 $ 125,200
Department expenditures per capitaL $ 2.95 $ 3.37 $ 3.07 $ 3.39
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