Adopted Budget FY 2018-2019

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-313- E McAllen Area CONOMI C PULS E McAllen • Mission • Edinburg • Pharr August 2018 Economic Pulse The McAllen Chamber of Commer ce Economic Index 189.0 188.7 188.8 189.0 189.2 189.8 189.4 2017 2018 2016 2015 187.3 187.5 186.7 186.8 186 186.3 186.7 186.6 186.4 185.9 184.7 184.3 184.9 185.4 186.0 185.5 185.8 184.3 184.2 183.8 182.2 181.6 181.6 181.2 181.0 181.1 181.5 180.9 178.3 178.4 184.6 182.5 179.0 185.6 185.3 185.2 183.2 183.3 183.6 181.3 180.0 180.2 2014 2013 175.3 175 171.2 171.2 175 170.5 175.8 175.9 171.2 172.2 176.5 172.8 173.4 173.6 173.8 173.2 173.8 174.2 1 160.4 *1999 2013 2014 2015 2016 2017 2018
Key Points The McAllen Area Economy ECONOMIC INDICATORS* Retail Sales (August) Retail Sales (Year-To-Date) Dollars Spent on Auto Purchases (August) Dollars Spent on Auto Purchases (YTD) Lodging Tax Receipts (August) Lodging Tax Receipts (YTD) Airline Boardings (August) Airline Boardings (YTD) Value All Construction Permits (August) Value All Construction Permits (YTD) New Home Permits (August) New Home Permits (YTD) Home Sales (August) Home Sales (YTD) Average Home Sale Price (August) Average Home Sale Price (YTD) Dollar Volume of Home Sales (August in 1995$) Dollar Volume of Home Sales (YTD) Hidalgo Bridge Crossings (August) Hidalgo Bridge Crossings (YTD) Peso Exchange Rate (August) Employment Wage & Salary Employment (August) Wage & Salary Employment (YTD Avg) Unemployment Rate (McAllen City - August) Unemployment Rate (YTD Average) THIS YEAR August 2018 $ 537,888,517 $ 4,031,349,961 $ 170,873,881 $ 1,189,400,461 $ 337,524 $ 2,558,744 30,128 242,193 $ 64,337,600 $ 414,526,559 145 945 228 1,981 $ 159,431 $ 160,069 $ 36,350,268 $ 319,350,641 446,645 3,485,164 18.84 258,700 261,325 4.9 4.9 187.5 LAST YEAR August 2017 $ 512,048,805 $ 3,861,494,908 $ 136,559,348 $ 1,079,783,043 $ 307,758 $ 2,685,812 28,485 233,542 $ 51,388,342 $ 436,124,387 125 968 273 1,937 $ 157,993 $ 154,967 $ 44,301,239 $ 310,432,579 443,125 3,586,112 17.80 253,700 256,565 5.4 5.4 % CHANGE 2017-2018 5.0% 4.4% 25.1% 10.2% 9.7% -4.7% 5.8% 3.7% 25.2% -5.0% 16.0% -2.4% -16.5% 2.3% 0.9% 3.3% -17.9% 2.9% 0.8% -2.8% 5.9% 2.0% 1.9% -9.3% -9.7% INDEX - August (Base=100 January 1996) 186.0 * With the exception of the average monthly home sale price, all economic indicators expressed in dollar form above are adjusted for inflation by restating prior periods in current dollars The McAllen Economic Index surged ahead in August adding a full point to 187.5 for the month up from 186.5 in July (revised slightly downward from the original 186.6 due to a downward revision in July employment data), and up 0.8% from the August 2017 MEI of 186.0. The August index value was the highest since the 187.0 registered in February 2017, and is down by a slight 0.6% from the record index high of 188.7 in November 2016. General spending continues to put up solid numbers while auto spending was sharply higher for the second straight month. Total construction and new single-family housing construction also posted sizable year-over-year increases and employment growth remains in the steady 2% range. Existing home sales activity is down, but only compared to some big numbers from last year. General spending began to gain momentum in the first quarter of the year and that continues through August with inflation-adjusted spending per August sales tax receipts (in McAllen, Edinburg, Mission, and Pharr) up by 5.0% compared to August of a year ago, and up by a solid 4.4% for the year-to-date. Real auto spending was up by well over 20% for the second straight month, soaring yet further into record territory with a 25% increase in August compared to August of a year ago. For the year-to-date auto sales activity is up by over 10% compared to the first eight months of 2017. Building permit valuations were higher in August, though compared to a low number from a year ago, and the total for the year-to-date is down for the second straight year on the heels of huge gains in 2016. The 145 new single-family housing construction permits issued in August is the highest August monthly total since 2007 (when a whopping 256 permits were issued). However, housing construction remains a bit lower for the year-to-date as has been the case for two years now. Existing home sales are down, though compared only to the record monthly total from August of a year ago. The sales total through August remains at a record level though the margin of year-over-year growth is narrowing. The average price of those sales was flat for the month but remains up by a healthy 3.3% compared to the January-August 2017 average price. Even though the monthly total was lower, the total inflation-adjusted dollar volume of home sales activity remains in record territory, logging a 3% increase over the first eight months of a year ago. An estimated 5,000 jobs were added to the McAllen metro area economy over the last 12 months, a growth rate of some 2.0%, continuing a modest but uninterrupted period of employment expansion dating back to 2010. -314- 0.8%
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ANNUAL BUDGET Fiscal Year Ending Se
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McAllen Board of Commissioners JIM
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TA B L E O F C O N T E N T S INTROD
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TA B L E O F C O N T E N T S ENTERP
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As an indication of economic activi
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Health Insurance This year, the Cit
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increasing to last year’s level.
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Current Property Tax Current proper
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Millions Sales Tax Receipts - 1-1/2
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Public Safety Departmental budgets
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P.D. Seized Fund The P.D. Seized Fu
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proceeds to subsidize the construct
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Airport Capital Improvement Fund Th
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Operating revenues are budgeted to
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City of McAllen, Texas Mission Stat
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Time- Total Project Estimate Budget
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Num Dept. / Time- Total Project Est
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Num 3.3.1 3.3.2 3.3.3 3.3.4 Objecti
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Num 5.1.1 5.1.2 5.1.3 5.1.4 5.1.5 5
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Num. 6.2.19 Objective Ware Road: 5
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Strategic Business Plan Goal 7: Imp
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City of McAllen's Location in Relat
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McALLEN PUBLIC UTILITY Organization
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18-19 Fund Balance Analysis Cont. C
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2018-2019 Summary of Major Revenues
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SUMMARY OF MAJOR REVENUES - ALL FUN
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CITY OF McALLEN, TEXAS APPROPRIATED
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CITY OF McALLEN, TEXAS APPROPRIATED
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City of McAllen, Texas Personnel Su
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CITY OF McALLEN DEPARTMENTAL/ FUND
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CITY OF McALLEN DEPARTMENTAL/FUND R
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The General Fund is a major fund us
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GENERAL FUND REVENUES $110,533,511
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GENERAL FUND REVENUES BY SOURCE (co
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City of McAllen, Texas General Fund
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BUDGET SUMMARY BY DEPARTMENT (Conti
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City of McAllen, Texas General Gove
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General Fund City Manager www.mcall
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General Fund City Secretary www.mca
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General Fund Vital Statistics www.m
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General Fund Municipal Court www.mc
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General Fund Management& Budget www
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Mission Statement: To ensure fair a
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General Fund Legal www.mcallen.net/
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General Fund Human Resources www.mc
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Department Summary General Fund Emp
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General Fund Information Technology
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General Fund Office Of Communicatio
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General Fund City Hall www.mcallen.
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Mission Statement: Our mission is t
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General Fund Police www.mcallen.net
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General Fund Radio Shop www.mcallen
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Fire www.mcallen.net/fire Performan
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Mission Statement: To establish bui
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General Fund Engineering www.mcalle
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General Fund Street Maintenance www
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General Fund Sidewalk Construction
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City of McAllen, Texas Health & Wel
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Environmental and Health Code Compl
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General Fund Other Agencies Health
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General Fund Parks Administration w
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General Fund Recreation www.mcallen
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General Fund Las Palmas Community C
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General Fund Recreation Palmview ww
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General Fund Library www.mcallenlib
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General Fund Library Lark www.mcall
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General Fund Library Palmview www.m
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General Fund Other Agencies Culture
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CITY OF McALLEN, TEXAS GENERAL FUND
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Hotel Occupancy Tax Fund is a non m
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City of McAllen, Texas Venue Tax Fu
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City of McAllen, Texas Development
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City of McAllen, Texas EB - 5 Worki
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City of McAllen, Texas Parklands Zo
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City of McAllen, Texas P.E.G. Fund
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City of McAllen, Texas Community De
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CITY OF McALLEN, TEXAS COMMUNITY DE
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City of McAllen, Texas Downtown Ser
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City of McAllen, Texas Drainage Fee
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CITY OF McALLEN, TEXAS COMBINED DEB
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City of McAllen, Texas General Obli
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WATER AND SEWER REVENUE BONDS Withi
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City of McAllen, Texas Hotel Tax Ve
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City of McAllen, Texas Sewer Debt S
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City of McAllen, Texas Anzalduas In
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The Capital Improvement Fund is a m
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City of McAllen, Texas Capital Impr
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City of McAllen, Texas Parks Facili
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City of McAllen, Texas Sports Facil
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City of McAllen, Texas Information
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City of McAllen, Texas Water Deprec
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City of McAllen, Texas Water Revenu
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City of McAllen, Texas Sewer Capita
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City of McAllen, Texas Sewer Revenu
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City of McAllen, Texas Palm View Go
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City of McAllen, Texas Performing A
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City of McAllen, Texas Passenger Fa
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City of McAllen, Texas McAllen Inte
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Capital Improvement Projects Summar
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Significant Nonroutine Capital Proj
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Sports Facility Construction Fund S
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Traffic and Drainage Bond Fund Sign
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Airport Capital Improvements Fund S
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0.2% 3.4% CAPITAL PROJECTS FUNDS AP
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CITY OF McALLEN, TEXAS CAPITAL PROJ
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CITY OF McALLEN, TEXAS CAPITAL PROJ
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City of McAllen, Texas Water Fund W
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City of McAllen, Texas Water Fund E
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Mission Statement: To provide a saf
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Water Fund Water Lab www.mcallen.ne
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Water Fund Meter Readers www.mcalle
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Water Fund Treasury Management www.
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The Sewer Fund is a major fund that
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SEWER FUND REVENUES $21,161,365 1.8
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Sewer Fund Administration www.mcall
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Sewer Fund Lab www.mcallen.net/mpu
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The Sanitation Fund is a major fund
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SANITATION FUND REVENUES By Source
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Sanitation Fund Composting www.mcal
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Sanitation Fund Commercial Box www.
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Sanitation Fund Brush www.mcallen.n
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Mission Statement: " The City of Mc
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The Palm View Golf Course Fund is a
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PALM VIEW GOLF COURSE FUND REVENUES
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Palm View Golf Course Fund Maintena
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Mission Statement: To provide those
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City of McAllen, Texas McAllen Conv
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Convention Center Fund Administrati
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City of McAllen, Texas McAllen Perf
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McAllen Performing Arts Center Fund
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Mission Statement: "To foster an av
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City of McAllen, Texas Metro McAlle
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Metro McAllen Fund Administration w
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The Bus Terminal Fund is a non majo
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Page 329 and 330: CITY OF McALLEN, TEXAS ENTERPRISE F
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Page 338 and 339: Inter-Departmental Service Fund Fle
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Page 353 and 354: Budget-Related Policies and Procedu
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Page 372 and 373: COMPUTATION OF LEGAL DEBT MARGIN SE
Page 374 and 375: MISCELLANEOUS STATISTICAL DATA Educ
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Page 378 and 379: City of McAllen, Texas Assessed Val
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Page 384 and 385: B U D G E T G L O S S A R Y Accrual
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City of McAllen 1300 W. Houston Ave
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Adopted Budget FY 2018-2019

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